Iraq: World Bank grants $ 400 million for reconstruction
The World Bank on Tuesday approved $ 400 million in financial aid to help rebuild Iraq after the liberation of many cities from the control of the Da’ash organization.
The World Bank said in a statement that the aid package aims to “support the recovery, reconstruction and rehabilitation of priority infrastructure facilities in order to restore the provision of public services in newly liberated Iraqi areas from the grip of a sympathetic organization.”
The aid is additional funding for the $ 350 million emergency development project in Iraq, approved in July 2015 and being implemented in seven cities in Diyala and Salahaddin provinces, the statement added.
The additional funding is expected to expand the geographical scope of the current project activities to include other cities liberated from the control of Daed in the provinces of Salah al-Din and Diyala, in addition to areas in Anbar, Kirkuk, Nineveh and Dahuk of the Kurdistan Regional Government, according to the statement.
Read more: http://www.dinarupdates.com/blog/
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Aggiedad77 (Dinar Guru) – …So how close are we…as close as your breath is to your lungs...IMO.
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Frank26 and Delta (Dinar Guru) – Article: “A simulation of the dinar exchange rate linked to a basket of currencies” “Dr. Ahmed Abrehi Ali…:” Quote: “It is proposed that the dinar be pegged to a basket of major currencies, international reserve currencies, dominant in foreign trade and capital markets, United States Dollars.” Dr. Ahmed Ibraihi Ali…Member of the Board!!! Family you do not realize a few days ago the CBI gave you what you wanted…some of you saw it..most of you missed it..you have no idea the ground that you are standing on right now…
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Iraqi sovereign fund
Government official trends in economic reform are becoming clearer and clearer, as we see through international institutions, which contribute in practice to their loans and grants to make Iraq a better place in the face of the destruction of the Da’ashi and the consequences of projects destroyed by corruption.
The Iraqi sovereign fund may be considered by virtue of the fact that it is currently under establishment and may not be fully in accordance with international economic standards. However, it will be ready and highly flexible in the service of the national economy in order to prevent fluctuations in oil prices and free the Iraqi economy from dependence on international prices and negative effects on the budget. in general.
Read more: http://www.dinarupdates.com/showthread.php?55331-Iraqi-sovereign-fund
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Dinar Updates – Q & A Call – from BGG & Co – tape from 10/27 released tonite 641-715-3639 pin #528733
10/31 – Recorded Call Replay Link
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UN calls on Iraq to join ICC
The Office of the United Nations High Commissioner for Human Rights (OHCHR) said on Thursday that the atrocities committed by a militant organization during the battle to liberate the Iraqi city of Mosul were “international crimes” that Iraqi courts currently have no jurisdiction to consider.
The United Nations has asked the Iraqi authorities to conduct a separate investigation into the victims of the air strikes of civilians and any violations of Iraqi forces in the battle of Mosul, Reuters reported.
The organization stressed that the Iraqi courts have no jurisdiction over international crimes such as genocide and Baghdad show seriousness about bringing the perpetrators to justice.
Read more: http://www.dinarupdates.com/blog/
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Guru G-Lin (Dinar Guru) – Article: “CBI A simulation of the dinar exchange rate linked to a basket of currencies ” …couple this simulation report with the WTO art… “{WTO} Trade looks at ways to cooperate with ITC” Quote: “ITC is one of the most important international organizations supporting and supporting trade facilitation and development of small and medium enterprises and export development.” Interesting timing and at least they are headed in the right direction. Some smart people throughout the years have stated they felt like Iraq should have a currency change before full membership accession into WTO. We shall see.
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G-Lin (Dinar Guru) – Quote: “A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi)…” What this looks like to me is simulations or experiments in comparisons of the dinar as a floating rate {basketball} I think that is what that means, versus fixed rate in a currency basket. These simulations were done beginning Jan. 1st 2017 to present. They paired the dinar against all of the currencies that are used in Iraq. They experimented with the figures as floating and fixed. And all of the data has been presented to the decision makers in CBI. That’s my take. I’m excited that this was posted on the CBI site and they seem to be giving those two choices. I personally would take either one.
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Adam Montana (Dinar Guru) – [I read…that Barzani is retiring, how will this effect our investment?] He said he would be stepping down as of…(1 November 2017), and the reason was basically disappointment in the failed referendum. This may end up weakening the Kurdish resistance to full cooperation with Baghdad, which might just be the leverage needed to pry open the HCL floodgates. Let’s hope for some good news in the coming days!
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Kurdistan Parliament: From today the post of president of the Kurdistan region is vacant
Baghdad Mawazine News – The Kurdistan Regional Parliament announced on Wednesday the entry of a decision to withdraw the President of the region Massoud Barzani to take effect.
MP Bari Mustafa said in a statement to “Mawazin News,” that “from today the position of the President of the Kurdistan region is vacant, and powers divided on the three presidencies of legislative, executive and judicial within the region.”…
Read more: http://www.dinarupdates.com/blog/
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Frank26 (Dinar Guru) – There is an A [Abadi?] Speech coming…That contains much and art8 with ch7 in it’s core…Where IMO an RI will be concurrent with or the Fact after if. These IMO are the Steps that will trigger off a Chain Reaction of Explosive Info/Advancement of the IQD’s MR…Very Quickly.
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SandyF (Dinar Guru) – One thing you can take to the bank is that if the Iraqi currency is ever redeemed following a significant rise in value, the exchange will not be ‘normal’.
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Barzani steps down reopening Kurdistan crossings with Iran
Baghdad – Journal News – The Middle East Bank Monitor reported on Iran’s plans to reopen its border crossings with the Kurdistan region in the coming days.
According to the report, which was translated by «Journal News», the decision came after the announcement of the former Kurdistan region, “Massoud Barzani,” the decision to step down from the government, and submit the resignation tomorrow, the first of November.
Iran’s closure of the border after the Kurdistan Regional Government (KRG) insisted on holding an independence referendum when Iranian General Mohammad Baqeri said that “the Kurdistan government’s insistence on secession from Iraq will lead to a bloody war between the region and Iraq as well as neighboring countries like Iran and Turkey.”
Read More: http://www.dinarupdates.com/showthread.php?55262-Barzani-steps-down-reopening-Kurdistan-crossings-with-Iran
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MilitiaMan (Dinar Guru) – Article: “During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017” Quote: “The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017...” This is valuation, assessment, it is in ones best interest to be paying attention to it..
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EHankins (Dinar Guru) – …IT SEEMS VERY QUIET HERE… ALMOST INTENTIONAL AS IF SOMETHING IS ABOUT TO EXPLODE AND TO CONCURRENTLY BRING MANY MANY THINGS TO LIGHT…I COULD BE WRONG…GUESS WE’LL WAIT AND SEE.
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Enorrste (Dinar Guru) – “Achieving Growth in Contexts of Great Challenge: The Iraqi Private Banking Sector” The very fact that this conference exists is a good sign. It shows that all parties are aware of the problem and are attempting to work out a solution. The issue of whether any bank coming into a correspondent relationship will find it likely that they will make money is a serious concern. …At the same time there was a clear understanding by one of the members of the “wild west” theory that KAP [Guru Kaperoni] and I have talked about for years. She said almost the same thing we have been saying all along, namely that once the movement begins it will snowball and lead to very rapid economic growth in Iraq. It is the beginning of the snowball that is the current problem. Several members indicated that the laws and regulations are now in place, but that implementation is what is lacking. This, to me, is a positive step. I think that this is a lot like the snowball affect that I just mentioned: it just needs to get started. Once it does the confidence level will rise in bank usage. Once that happens foreign banks will want to get involved as well. [post 1 of 3….stay tuned]
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Enorrste (Dinar Guru) – It is a positive sign to me that all of the representatives on this panel recognize the liquidity problem and understand that getting the money out of the mattresses is the solution. I would venture to guess that the CBI has a plan to push this process along, even to the point of forcing people to use their mattress money if necessary. As with my other comments above I believe that this snowball affect will be the most important, once it begins. The statement by one of the Iraqi bankers…was quite revealing, namely that he appealed to the CBI to just given the banks a checklist of things that need to be done to bring them into full compliance. I would wager that this proposal will be acted upon quickly by the CBI, once it is presented to them, and that full compliance across the board will occur shortly thereafter. One thing is clear: all of the Iraqi bank representatives expressed a deep desire to be fully compliant. The statement was simple: “Just tell us what to do and we will do it!” [post 2 of 3….stay tuned]
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MilitiaMan (Dinar Guru) – Article: “Official reception of the Prime Minister Dr. Haider Abadi at the Turkish Government Palace in Ankara” …it’s timing, it’s placement. …One more stop for Abadi with Tehran with an olive branch in offering from Iraq, Saudi Arabia, the region in reconciliation to move forward in harmony, in friendship and not to mention, profits for all…
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Consider mechanisms for establishing sovereign funds that achieve sustainable development
*In a workshop for the Baghdad Economic Forum in cooperation with the Secretariat of the Council of Ministers.
The Baghdad Economic Forum in cooperation with the General Secretariat of the Council of Ministers folded the second episode of a continuous series aimed at finding real development mechanisms that promote all sectors. The two sides discussed in the presence of a group of parliamentarians, economists, specialized institutions and international embassies on the subject of “sovereign funds in Iraq and their role in economic development”. Challenges that limit the activation of projects and the implementation of projects in all cities of Iraq.
The workshop, which was conducted by economist Bassem Jameel Antoine, began with the speech of the secretary-general of the Cabinet, followed by Acting Representative Karrar Mohammed Abdul-Zahra. He said: “The need for sovereign funds in Iraq stems from the possession of natural resources that provide a financial surplus. Saving the surplus and investing it in the process of development and safeguarding the rights of future generations.
Read more: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – Regarding Iraq’s influx of eager business countries/people/companies… of COURSE there are suitors lining up! Iraq is on the way up. It may take a little longer, or it may happen today or tomorrow, but it doesn’t take a genius to see that they ARE on the way up.
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Adam Montana (Dinar Guru) – There is a current agreement amongst a majority of OPEC participating countries designed to control the oil market in the supposed interest of keeping the global economy. I’m not presenting a specific conspiracy theory on that thought, I’m just saying “supposed” because there’s always some kind of backdoor deal or subterfuge going on with anything related to politicians! That’s also not to say that the current OPEC agreement is a bad thing. I feel like it was a good move on many levels, but let’s move on. The current OPEC agreement – and keep in mind, this is a sort of informal, kind of semi-official, non-binding-to-Iraq, completely-beneficial-to-Iraq – yes, that OPEC agreement continues to run a course very attractive to Iraq’s interests. Bottom line – Iraq’s still sitting pretty in it’s ability to potentially skirt the current production limitations and they wouldn’t even feel the need to apologize for getting a nice break. Important date regarding the OPEC agreement: November 7, Vienna Austria. [post 1 of 2….stay tuned]
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G-Lin (Dinar Guru) – Article: “A new project to provide electronic payment services to local banks” “Coordinating Council” Quotes: “while confirming the company portal of Iraq Electronic Financial Services, it is certified according to international standards and instructions of the Central Bank of Iraq, and sets the best global financial practices between De Iraqi citizen to facilitate his life and work for the benefit of financial institutions and bodies of the national economy.” “Iraq and Saudi Arabia are two major economic powers in the world to acquire the wealth of the two sides…” These are exciting arts. This is occuring now not in the future.
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An Iraqi banking delegation discusses in the United States opportunities for cooperation between the two parties
An Iraqi banking delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the two parties.
The Association of Iraqi Private Banks said in a press statement that “a delegation of 17 private banks, Rafidain Bank, industrial and executive director of the Association of Private Banks Ali Tariq and a number of advisers of the Association held a meeting at the Center for Strategic Studies in Washington with a US delegation including the US Treasury and US banks and OPEC And American financial institutions and a number of employees at the US Embassy and were during the meeting discussed the economy of Iraq and the challenges facing it.
She added that “the meeting discussed the development in the Iraqi banking sector, especially in the past five years and strengthen cooperation with Arab and foreign banks in addition to plans for the reconstruction of liberated areas and development in the oil sector.”
Read more: http://www.dinarupdates.com/blog/
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Mike (Dinar Guru) – Article: “Abadi defends role of Iranian-backed paramiltaries at meeting with Tillerson” Quote: “In his opening remarks at the meeting with Tillerson, Abadi said Popular Mobilisation “is part of the Iraqi institutions,” rejecting accusations that it is acting as an Iranian proxy.” These articles are the reality of Iraq right now, it ain’t pretty but it’s the facts. Abadi’s reluctance to remove the Iranians from Iraq is a huge indicator for who’s really in control of Iraq. Tillerson told them to go and Abadi told him to go pound sand. This article is an illustration for why we’re still sitting here waiting for Iraq to move towards an open market economy, it’s because they do what Iran tells them to do, not the US or EU. Hopefully Iran will allow the Iraqi people to move towards an open market economy and things will change for the dinar, but in the meantime, articles like this help answer the question;
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MilitiaMan (Dinar Guru) – Article quote: “Awaji Press learned from her sources that Prime Minister Dr. Haider Abadi is leaving Amman to Baghdad now” Nothing like putting the final touches on to an Iraq Marshal Plan..
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MilitiaMan (Dinar Guru) – Article: “US Treasury: We pay attention to the development of the private banking sector in Iraq” Quote: “The US Treasury announced on Friday that it is paying great attention to the development of the private banking sector in Iraq, indicating that it is optimistic about the opening of relations between Iraqi banks and US banks.” …this is a grand slam! Connectivity to the UST.. “on set 1” Already started…
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The Central Bank calls on the IMF to intervene in the file of correspondent banking district
The governor of the Central Bank of Iraq on Sunday, the International Monetary Fund to intervene in resolving the issue of boycotting some of the global banks Correspondent with Iraqi banks, stressing Iraq’s commitment to implement its program with the IMF.
“The central bank appreciates the work of the International Monetary Fund team and the flexibility of the policy of advising, as it is important to reach this degree of flexibility and understanding of the exceptional Iraqi situation where it stands out,” Al-Alak said in a speech during a meeting with the Director General of the International Monetary Fund and Central Bank Governors in Washington. The importance of this matter when it comes to balancing the financial situation with social considerations. ”
“Iraq is appreciating if the Middle East section of the International Monetary Fund can provide best practices and facilities and dialogue with shareholders to address this issue as soon as possible,” he said.
“Despite the difficult circumstances, the Iraqi government is committed to implementing its program with the International Monetary Fund,” he said. “I expect that the agreement will be reached on the third review under the program.” He added that “Iraq, like other countries in the region, has a large number of refugees and displaced persons, And it is useful that the IMF’s Middle East section provides assistance in assessing the economic impact associated with it. It is also important that this assessment be made clear in staff reports so as to give the international community an opportunity to provide assistance. ”
“Iraq thanked the government and people of the Kuwaiti government for their valuable support for Iraq, including hosting the Iraq reconstruction conference in the coming months and thanked the IMF for the technical support it will provide to the conference itself,” he said.
Read more: http://www.dinarupdates.com/blog
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Adam Montana (Dinar Guru) – [According to news outlets, Kurdish forces didn’t put up a fight for Kirkuk. It’s reasonable to assume that the Kurds didn’t put up a fight because Kirkuk is not within Kurdish Region of Iraq and also because, in the past, Abadi said that the Iraqi government would eventually come back for Kirkuk.] I believe the issue of “Kurdish Independence” has been successfully put to rest for the time being. The Kurds are certainly not in a position to successfully separate from Iraq, so they may as well open the doors to resolving Article 140 and the HCL, which is exactly what we are seeing.
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G-Lin (Dinar Guru) – Article: “Saudi diplomat: The next stage will witness huge work with Iraq” Quote: “The Saudi Royal Airplane arrived yesterday evening in Baghdad with a large Saudi delegation, the largest after a 27-year break between the two countries, to participate more actively in the Baghdad International Fair in its 44th session, which begins on Saturday.” This is really a big deal. It shows how much more progressive Abadi is versus Maliki. Saudi is about 85-95% Sunni. Maliki hates Saudi. It wouldn’t surprise me to see an invitation to the GCC extended to Iraq in the near future.
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BGG – Article: “Iraq Will Remain United By HAIDER al-ABADI OCT. 18, 2017” Quote: “In June 2014, the cover of Time magazine echoed a sentiment common among pundits and outsiders: “The End of Iraq,” it read. I am proud to say that three years later, thanks to the Iraqi armed forces and the Iraqi people, these predictions were wrong…” What is Abadi up to?? Why submit this to the NYT today?? Of all the times to be concerned with what the world thinks. It appears there may be much more riding on this than we can imagine.
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Tillerson describes the establishment of the Coordination Council between Iraq and Saudi Arabia job step
The American Foreign Minister Rex Tillerson, Sunday, pleased to establish Iraqi-Saudi Coordination Council, describing the action as “important step” for both countries to strengthen Iraq’s relations with Arabic countries.
Tillerson said at a joint press conference with his Saudi counterpart Adel Al-jubeir in Riyadh, “Coordinating Council as a step towards strengthening the Iraqi Government, which requires renewal of the historical relationship between Baghdad and neighbouring countries”.
He said the Council would have a “great importance in promoting Iraq’s relationship with the rest of the Arabic countries.
Read more: http://www.dinarupdates.com/blog/
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Follow us on twitter @DinarUpdates !!
Dinar Updates – Q & A Call – from BGG & Company – Oct. 20th – 8:00 PM CST 641-715-3639 pin #528733
10/20 – Recorded Call Replay Link
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G-Lin (Dinar Guru) – Article: “An Iraqi banking delegation discusses in the United States opportunities for cooperation between the two parties” …it has been a good news week. The meetings in N.Y and Ali sitting down with the U.N. was historic. A first. Iraq is a very important country to the entire world. That tells us a lot.
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Kaperoni (Dinar Guru) – Article: “Iraq announces the electronic gate near the completion of the infrastructure and the launch of commercial services building” Quote: “The scope of its work, issuing prepaid cards through the global payment companies, owning and deployment of payment points and ATM network as well as providing various services to banks and facilitate the payment of bills and collection process.” I hate to say it but this seems like a work a round (using prepaid cards) from the goal of opening the banking system to the worlds financial system. Time will tell.
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Adam Montana (Dinar Guru) – Article: “Oil stabilizes with support from supply contraction and expectations of an OPEC extension” Quote: “Oil prices held steady on Thursday, supported by continued OPEC-led output cuts and tensions in the Middle East, as well as a drop in US production due to hurricane closures.” Semantics are everything sometimes… such as here. “supported” – not demanded or mandated. “OPEC-led” – This is HUGE. OPEC is leading this initiative, this agreement, this voluntary agreement. Iraq is still free to break the mold, RV and sell a gazillion barrels tomorrow to fill their coffers and support the increase in exchange. It’s going to cause a little disturbance in the world, but 2 days later Iraq (or the PTB in Iraq) simply pretends to apologize (that’s how it works!) and 5 days later the world adjusts and we move on.
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Iraq Will Remain United
By HAIDER al-ABADI OCT. 18, 2017
BAGHDAD — In June 2014, the cover of Time magazine echoed a sentiment common among pundits and outsiders: “The End of Iraq,” it read. I am proud to say that three years later, thanks to the Iraqi armed forces and the Iraqi people, these predictions were wrong…
Read More: http://www.dinarupdates.com/showthread.php?54989-Iraq-Will-Remain-United&p=179863#post179863
BGG ~ That is right Bobby (and thank you – BTW). What is Abadi up to?? Why submit this to the NYT today?? Of all the times to be concerned with what the world thinks. It appears there may be much more riding on this than we can imagine.
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Post RV Checklist (it’s getting to be that time!! Listen up!!)
Dos and Don’ts of Windfall Wealth:
Treat it like a PowerBall win
– Tell no one, not even family. If you must talk, do so with one who is already in the know.
– Don’t run out & buy new “stuff”. People notice.
– Get an unpublished number and give it out very sparingly.
– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…
Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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