{"id":14224,"date":"2017-08-08T08:46:02","date_gmt":"2017-08-08T13:46:02","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=14224"},"modified":"2017-08-08T17:35:40","modified_gmt":"2017-08-08T22:35:40","slug":"dinar-observer-daily-august-8th-2","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=14224","title":{"rendered":"DINAR OBSERVER DAILY August 8th"},"content":{"rendered":"

\"\"<\/a><\/h1>\n

Political Reform in Iraq<\/span><\/strong><\/h1>\n

What was almost the atmosphere of the great military victory in Mosul receded a little, until the withdrawal of political conflicts filled the skies of Iraq and its territories from north to south, he hoped to open the sacrifices and the efforts of the great fighters a window of political thinking to deal with the crises of Iraq in a new spirit puts national interests above all considerations This means concessions on party and factional interests, and serious thinking about leaving the political methods of action that have brought the country to what it is.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog<\/a><\/span><\/strong><\/em>
\n______________________________________________________________<\/p>\n

Follow us on twitter @DinarUpdates !!<\/strong><\/span><\/h1>\n

\"follow<\/a>DU \u00a0– Conference Call – w\/ BGG & Co – Aug 8th, 8:00 PM CST Phone # 641-715-3640 PIN# 528733<\/p>\n

<\/span><\/strong>www.DinarUpdates.com<\/a><\/strong><\/h2>\n

_____________________________________________________________<\/p>\n

<\/h1>\n

Association of Private Banks: Banks are working on issuing four million bank cards<\/strong><\/span><\/h1>\n

The Iraqi Private Banks Association announced on Monday that Iraqi banks are currently working on issuing four million bank cards.<\/p>\n

The Executive Director of the Association of Private Banks, Ali Tariq, in an interview with “Economy News”, “The banks operating in Iraq are currently working on the issuance of four million bank cards and put them on the market,” adding that “the world will see in the coming years, Using electronic cards in daily transactions. ”<\/p>\n

He stressed that “the issue of bank cards is of great importance after the opening in the society and the expansion of the banking culture of the citizen,” explaining that “the Association of private banks will establish several courses for bankers on the development of their capabilities in dealing with bank cards.”<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog<\/a><\/span><\/strong><\/em>
\n_____________________________________________________________<\/p>\n

Islandg1211 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Today the GOI passed laws related to decentralize government and elections in the provinces. These are important to support the local governments which us apart of the original UN plan to rebuild the country of Iraq as a democracy<\/strong>. So they are complying with the UN sanctions to de-centralize the government. The GOI has actually done something last week and\u00a0today when they approved the budget amendment. That was a requirement of the IMF, and by passing it, they got the loan installment approval from the IMF’s review. Today’s regional laws help them comply with the UN.<\/strong>\u00a0So the GOI actual made progress. But, the real need here is a deal with the Kurds. They are coming to Baghdad next week but it’s all about Barzani getting his own country.\u00a0\u00a0Also they announced that the budget has been amended and is projected to go from 95% revenue derived from oil down to 85%. That’s an important step to economic diversification that the IMF wanted<\/u>.\u00a0<\/strong>\u00a0 [post 1 of 2….stay tuned]<\/p>\n

_____________________________________________________________<\/p>\n

<\/h1>\n

Abadi: Iraq remains and triumphs and radiates hope to others<\/strong><\/span><\/h1>\n

BAGHDAD, Iraq –<\/strong> Prime Minister Haider al-Abadi said on Saturday that the advisory fatwa was turned into a victory fatwa, after the sons of the country responded to the fatwa of the religious authority Ali al-Sistani, explaining that Iraq remains and triumphs and radiates hope to others<\/p>\n

The victory makers are the martyrs, the wounded and the fighters, as well as the engineering effort, the medical effort, the air force and other tanks a statement from the media office of Abadi said.<\/p>\n

We have won and we will continue the journey of victory, and everyone should not listen to the stingy voices We will not allow them to take us back to square one the statement said.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?52940-Abadi-Iraq-remains-and-triumphs-and-radiates-hope-to-others-Release-date-2017-8-6<\/a><\/span><\/strong><\/em><\/p>\n

_____________________________________________________________<\/p>\n

Breitling (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0A lot of people are talking about the IMF.\u00a0 Don\u2019t read into this hype.\u00a0 What the IMF is doing is they gave loans to Iraq.\u00a0 The reality is the IMF is making sure that the money is fine and if they get to a situation where they are mismanaging and they can\u2019t pay the IMF back for the loans\u2026the IMF gets management rights.\u00a0 That\u2019s it.\u00a0 And guess what?\u00a0 Iraq has not even been close to being at that stage.\u00a0 They pay their bills.\u00a0 They have plenty of money to pay their bills.\u00a0 It has nothing to do with if it\u2019s going to revalue tomorrow or an indicator.\u00a0 Everyone get\u2019s loans.\u00a0 I know millionaires who get loans.<\/p>\n

_____________________________________________________________<\/p>\n

<\/h1>\n

Efforts to increase citizen confidence .. Central Bank announces a plan to increase the number of foreign banks in Iraq<\/strong><\/span><\/h1>\n

Al-Alak<\/strong> said in a press interview that “the number of foreign banks, including Arab, has increased during the past two years, to currently reach 18 banks, and the number of foreign banks, After the number did not exceed 11 banks, “stressing that” these steps were conducted in coordination with the World Bank and most of these banks is solid and has branches in most of the world. ”<\/p>\n

He added that “branches of foreign banks can not be required to new rules, since the bank has one capital for the branch or the original, which applies to our banks in Iraq and neighboring countries, and falls under the policy of reciprocity with the countries of the world, International law “.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?52931-Efforts-to-increase-citizen-confidence-Central-Bank-announces-a-plan-to-increase-t<\/a><\/span><\/strong><\/em><\/p>\n

____________________________________________________________<\/p>\n

<\/h1>\n

US Secretary of State calls Abadi: keen on Iraq’s unity and respect for its constitution<\/strong><\/span><\/h1>\n

Prime Minister Haider al-Abadi on Friday received a telephone call from the US Secretary of State, while the latter stressed his country’s keenness on Iraq’s unity and respect for its constitution.<\/p>\n

Abadi said in a statement received by Al-Ghad Press that the latter had received a telephone call from US Secretary of State Rex Tilerson and renewed his congratulations on the Iraqi forces’ victory in the battle of Mosul, praising the wisdom of the leadership and the high level of coordination in the battle.<\/p>\n

The US Secretary of State, according to the statement, “continued support for Iraq’s efforts in the post-urging,” stressing “the position of the United States and its concern for the unity of Iraq and respect for the Constitution.”<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog<\/a><\/span><\/strong><\/em>
\n_____________________________________________________________<\/p>\n

Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0 [what is your take on their statement of establishing the National Oil Company and then doing \u00a0the HCL<\/em>?]\u00a0\u00a0I don’t think the National Oil Company is a prerequisite to move forward on the HCL<\/strong>.\u00a0 [If the Kurdish separate from Iraq, will they still use the Iraq Dinar?\u00a0 Whats your opinion how this would effect our investment<\/em>?]\u00a0\u00a0 It’s my opinion that will never happen.<\/strong><\/p>\n

_____________________________________________________________<\/p>\n

<\/h1>\n

The Central Bank announced a plan to increase the number of foreign banks in Iraq<\/strong><\/span><\/h1>\n

The Central Bank Governor said on Thursday relations plan aims to increase the number of Arabic and foreign banks and financial companies operating in Iraq will continue until the year 2020.<\/p>\n

Alak said in an interview with the London life and followed news that economy “” number of foreign banks including Arabic rose during the past two years, bringing the 18 banks, currently number 11 was a Bank, “stressing that” these steps took place in coordination with the World Bank and the majority of these strong and banks have branches in most of the world. ”<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em>
\n_____________________________________________________________<\/p>\n

IMF confirms Iraq’s commitment to reforms required by 2nd Review of Credit SBA<\/span><\/span><\/b><\/h1>\n

Alsumaria News \/ Baghdad<\/strong>\u00a0The International Monetary Fund (IMF) on Wednesday commitment to the reforms required in the second review of the credit standoff agreement, adding that this will pave the way for the third review, which will start in September.<\/p>\n

The Central Bank of Iraqonfirmed Iraq’s c in a statement received, Alsumaria News, a copy of it, “The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges “.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog<\/a><\/span><\/strong><\/em><\/p>\n

_____________________________________________________________<\/p>\n

G-Lin (Dinar Guru)-<\/span><\/strong>\u00a0\u00a0 “In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister’s Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges<\/em>.”\u00a0\u00a0\u00a0However, this says they will have a third review in Sept. on Iraq’s monetary policy. That’s unusal and I like it.\u00a0<\/strong><\/u>
\n_____________________________________________________________<\/p>\n

Bruce\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0\u00a0\u00a0What we are hearing from Iraq\u2019s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]…\u00a0\u00a0\u00a0I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards.\u00a0 …Today this morning for the citizens in Iraq, those cards were live and accessible.\u00a0\u00a0They were able to access those funds at the new rates<\/u>…\u00a0 That has to tell us that we are very close. …I think the IMF meeting was an overall success.\u00a0I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully.\u00a0<\/u><\/strong>\u00a0I believe they had that rate approved today.\u00a0<\/u><\/strong><\/p>\n

_____________________________________________________________<\/p>\n

\"\"<\/a><\/h1>\n

On July 26, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Fund\u2019s ongoing work on enhancing collaboration between regional financing arrangements (RFAs) and the Fund. The work is part of a broader discussion with Executive Directors over proposals to strengthen the Global Financial Safety Net (GFSN), which has included the creation of a new Policy Coordination Instrument on July 14, 2017.<\/p>\n

As the GFSN expanded and became more multi-layered, stronger collaboration between its various elements has become increasingly important to ensure timely and effective crisis mitigation. After establishing the mutually reinforcing benefits derived from stronger collaboration, the paper proposes modalities for collaboration\u2014across capacity development, surveillance, and lending. Building on past co-lending experience, it outlines operational principles to help guide future co-lending between the Fund and the various RFAs. Recent experience with co-lending highlights the importance of early and evolving engagement between the RFA and the Fund; the benefits of exploiting complementarities; the criticality of a single program framework; and the need to mutually respect the institutional independence and capacity of the partners.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?52793-IMF-Executive-Board-Discusses-Collaboration-between-Regional-Financing-Arrangements-a<\/a><\/span><\/strong><\/em><\/p>\n

_____________________________________________________________<\/p>\n

\u00a0Bruce\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0\u00a0\u00a0What we are hearing from Iraq\u2019s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]…\u00a0\u00a0\u00a0I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards.\u00a0 …Today this morning for the citizens in Iraq, those cards were live and accessible.\u00a0\u00a0They were able to access those funds at the new rates<\/u>…\u00a0 That has to tell us that we are very close. …I think the IMF meeting was an overall success.\u00a0I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully.\u00a0<\/u><\/strong>\u00a0I believe they had that rate approved today.\u00a0<\/u><\/strong>
\n_____________________________________________________________<\/p>\n

<\/h1>\n

Central Bank: Our financial situation is good for four years to come even as oil prices do not recover<\/span><\/strong><\/h1>\n

The central bank explained that the reserve of gold that it has, is part of the cover of the national currency, and its function is not the transition time hard to dollars to strengthen the budget as some believe, and stressed by saying, it is not practical to liquidate that reserve and convert it to the dollar in front of any financial problem passes Said that even if Iraq does not recover oil prices, its financial position will be good for four years to come. An economist confirmed that the central bank has good reserves and does not raise the burden of deductions from the citizen, as some believe, indicating that the reserve is used to finance imports. Not for domestic spending This is the case in all countries of the world.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/span><\/strong><\/em>
\n_____________________________________________________________<\/p>\n

<\/h1>\n

Abadi announced the establishment of a plan to liberate Tal Afar with the participation of all the security services and the crowd<\/strong><\/span><\/h1>\n

BAGHDAD – Prime Minister Haider al-Abadi<\/strong> announced on Saturday that the government and security leaders will soon launch a plan to liberate Tal Afar with the participation of all security services and popular and clan rallies, stressing the need for a national political class to be ” Calling. ”<\/p>\n

“We want a national political class similar to the military leaders in their race to defeat the oppressor,” Abadi said in a speech at the Youth Parliament. “The countries of the world have participated in Iraq and supported it in the war on terror because it has found a genuine determination to fight a fanatic.”<\/p>\n

“We want to balance our relations with countries and not to hand over our interests to a state without others,” he said. “There is a class that does not want the state to recover, including terrorist gangs, and that these people will not survive.”<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em><\/p>\n

_____________________________________________________________<\/p>\n

\u00a0Enorrste (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Governor of the Central Bank of Iraq: expect economic movement in the next stage<\/em>”\u00a0\u00a0…this is opening the door to foreign investment.\u00a0\u00a0<\/strong>Quote:\u00a0 “noting that “Iraq will be able to attract foreign investment because of the stability of the security situation and increase the number of investment opportunities<\/em>.”\u00a0\u00a0Therefore…we should expect the dinar to be opened to the world market very soon. There will be no foreign investment without an internationally tradable currency.<\/strong><\/u>
\n_____________________________________________________________<\/p>\n

\u00a0MilitiaMan (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article quote:\u00a0 “to achieve the goal of maintaining the exchange rate and ensure the use of foreign cu
\nrency out of order to meet the needs of the economy and market and development and non-directed to non-purposes;\u00a0<\/em>”\u00a0\u00a0\u00a0\u00a0 There is a meeting with the IMF on 08\/01\/2017 if I am not mistaken. A one in regard to Article IV with Iraq.\u00a0 The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII…\u00a0\u00a0\u00a0They have been working to maintain the exchange rate of the Dinar against Foreign\u00a0Currency to cover imports entering Iraq while maintaining their independence under law<\/strong>.\u00a0\u00a0They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported\u00a0by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant.<\/u>\u00a0\u00a0 [post 1 of 2….stay tuned]<\/p>\n

_____________________________________________________________<\/p>\n

MilitiaMan (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0\u00a0They have all the mechanisms in place to facilitate trade to serve their national\u00a0economy from the looks of things.<\/strong>\u00a0They have mediation in order to be prepared for typical disputes in trade at borders.\u00a0\u00a0Basically, they are fully ready, if not already INTERNATIONAL and by all means!<\/strong>\u00a0\u00a0They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development.\u00a0\u00a0\u00a0They are telling us the Central\u00a0Bank has facilitated\u00a0procedures and controls, became transparent in disclosures in regard to maintaining their exchange\u00a0rate.<\/strong><\/u>\u00a0Ya buddy…\u00a0\u00a0This meeting with the IMF is not about what needs to be done, it is done!\u00a0<\/strong>\u00a0It must be about dotting I’s and Crossing T’s, and atta boyz and girlz, for a job well done! imo<\/u>.\u00a0 [post 2 of 2]<\/p>\n

_____________________________________________________________<\/p>\n

<\/h1>\n

Politics of the United Nations discuss with Abadi referendum Kurdistan<\/strong><\/span><\/h1>\n

Shafaq News \/ Iraqi Prime Minister Haider al-Abadi<\/strong> discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, political files. According to a statement of the Special Mission in Iraq, the meeting focused on the topics of national reconciliation and the referendum on independence in the Kurdistan Region of Iraq. The two sides also discussed Iraq’s participation in the next session of the United Nations General Assembly.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em>
\n______________________________________________________________<\/p>\n

<\/h1>\n

Iraqi Private Banking Association Concludes Training Course on “Corporate Risk Management”<\/strong><\/span><\/h1>\n

Economy News Baghdad:\u00a0<\/strong>A training course titled “Corporate Risk Management” organized by the Association of Iraqi Private Banks at its headquarters in the capital Baghdad was concluded on Thursday with the participation of 76 trainees from government, private and foreign banks and financial transfer companies.<\/p>\n

The Executive Director of the Association of Private Banks Ali Tariq, told “Economy News”, “The Association of Iraqi private banks concluded today a training course in institutional risk management, which was organized in cooperation with Talal Abu-Ghazaleh and the Arab International Community of Chartered Accountants,” adding that ” The course 76 people working in banks and financial transfer companies operating in Iraq.<\/p>\n

He explained that “the course of the training course ensures the management of risks, which are divided into market risks and operational risks and credit risks and applications of the elements and concepts of Basel,” pointing out that “the certificate given to participants recognized internationally because it issued by the Arab International Institute of Chartered Accountants.”<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em><\/p>\n

______________________________________________________________<\/p>\n

Bruce (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Fiat dollars are no longer recognized in Iraq. \u00a0So that’s a pretty good indicator how close we are to this happening for us<\/strong>.\u00a0 About Smart cards…Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such…\u00a0\u00a0 The newest latest cards are out to Iraqi citizens, even those citizens out of the country.\u00a0\u00a0They had to activate them by last Saturday night and they did.\u00a0\u00a0We are hearing that money will be on those cards around noon tomorrow [Friday] eastern time.\u00a0\u00a0Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140)\u00a0 just like they do in Alaska for Alaska citizens.\u00a0 Access to the oil proceeds start tomorrow at the new rate.\u00a0 We really believe we are supposed to have our start by the end of the week.\u00a0\u00a0\u00a0<\/strong>[post 2 of 2]<\/p>\n

______________________________________________________________<\/p>\n

\"\"<\/a><\/h1>\n

The outlook for global growth is stable for the current and next years<\/span><\/strong><\/h1>\n

An IMF report highlighted the growth of the global economy, the Middle East and North Africa, where the IMF kept its outlook for global economic growth unchanged for the current and next year while adjusting growth forecasts for the euro zone and China upwards. A marked slowdown in 2017 for the growth of the Middle East and North Africa economy, Saudi Arabia’s growth is likely to fall to zero, the International Monetary Fund said Monday. Gross world product in the latest World Economic Outlook, the report said the GDP growth rate would be 3.5 percent in 2017 and 3.6 in 2018.
\nThe latest IMF forecast was released in April.<\/p>\n

The International Monetary Fund’s June report lowered the US growth forecast for 2017 and 2018 to 2.1 percent from 2.3 percent and 2.5 percent respectively three months ago.
\nThe IMF forecast slightly stronger growth in the euro area in 2017, 1.9 percent, up 0.2 percentage points from Nissan.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em><\/p>\n

______________________________________________________________<\/p>\n

Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0My optimism in this venture is not waning, nor is it diminished even slightly.\u00a0We have nothing but positives to consider at the moment.<\/strong>\u00a0 The cold hard truth is this: Iraq had a long road to travel. They have stood the test of time, they have marched forward through amazing troubles, and they are still heading in the “right” direction.\u00a0But at no time in history, and at no time in the future, will they EVER tell us the “date” that they will do what they are bound to do at some point.\u00a0 At some point, they will raise the value. This is undeniable.<\/strong><\/u>\u00a0But if they will do it tomorrow, or next Tuesday, or in a month or a year? We will never know that.\u00a0 I am going to say something with absolute conviction right now. This is absolute, no possible way to refute it, it is ABSOLUTE just like gravity pulls you towards the earth.\u00a0 With all my connections, with my decades of international communication and (I don’t even know how many airmiles) of travel, my past and present work and friendships with bankers, CEOs, politicians and more… I will tell you this…\u00a0 [post 1 of 2….stay tuned]
\n______________________________________________________________<\/p>\n

Aggiedad77 \u00a0(Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0“The Council of Ministers authorizes Araji to sign the investment project between Iraq and America Protection Convention<\/em>”\u00a0 …that be UUUUUUGGGGGGEEEEEE news\u00a0…protection of investments between Iraq and the US<\/u><\/strong>…can you spell Trump DEALS on this...IMO…this is yet another step they are showing us in just how ready they are for things to move in a positive and extremely proactive direction IMO.<\/u><\/strong>..
\n______________________________________________________________<\/p>\n

Chattels \u00a0(Dinar Guru)-<\/span><\/strong>\u00a0\u00a0<\/span>\u00a0[…does the power lay with the CBI or Abadi<\/em>?]\u00a0 \u00a0My belief is that it is rather unimportant who has the power between the CBI and the office of the PM. What is important is whether any “public rate” is acceptable \/ sustainable in the world marketplace.<\/strong>\u00a0 [so a float would answer that<\/em>?] \u00a0The bottom line to me is what “amount” a sovereign nation is willing to exchange their “dollar” for in dinars?\u00a0 \u00a0A float rather presumes that there is a value to the dinar initially and whether that value will be stable or increase, eh?<\/strong><\/p>\n

______________________________________________________________<\/p>\n

\"Image<\/h1>\n

The outlook for global growth is stable for the current and next years<\/strong><\/span><\/h1>\n

Capitals \/ follow-up Shukran al-Fatlawi\u00a0<\/strong>An IMF report highlighted the growth of the global economy, the Middle East and North Africa, where the IMF kept its outlook for global economic growth unchanged for the current and next year while adjusting growth forecasts for the euro zone and China upwards. A marked slowdown in 2017 for the growth of the Middle East and North Africa economy, Saudi Arabia’s growth is likely to fall to zero, the International Monetary Fund said Monday. Gross world product. In the latest World Economic Outlook, the report said the GDP growth rate would be 3.5 percent in 2017 and 3.6 in 2018. The latest IMF forecast was released in April.<\/p>\n

The International Monetary Fund’s June report lowered the US growth forecast for 2017 and 2018 to 2.1 percent from 2.3 percent and 2.5 percent respectively three months ago.
\nThe IMF forecast slightly stronger growth in the euro area in 2017, 1.9 percent, up 0.2 percentage points from Nissan.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em><\/p>\n

______________________________________________________________<\/p>\n

<\/h1>\n

\"Image<\/h1>\n

Opportunities are coming<\/strong><\/span><\/h1>\n

Economists, businessmen and businessmen consider that the next phase of the richest investment opportunities that the international companies are looking for in relation to the construction and reconstruction of Iraq is the same, but it is natural that the requirements of achieving this goal require considerable funds to absorb its implementation. Because it has huge money, modern technology and the required benefit, but there are challenges and outstanding effects that hinder the entry of these companies with large sums of money. What is required for this challenge?<\/p>\n

Read more<\/strong>:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/span><\/em><\/p>\n

______________________________________________________________<\/p>\n

Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Governor of the Central Bank of Iraq inspected the headquarters of the\u00a0International Development Bank<\/u><\/em>”\u00a0\u00a0They clearly seem to be getting ready for international banking!<\/strong><\/u>
\n______________________________________________________________<\/p>\n

RayRen98 (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 The CBI talked about economic reforms in the next few days, and said that they would lose IMF support if they didn\u2019t get it done!\u00a0 We haven\u2019t had confirmation of lower denominations.\u00a0IT was said that the supplementary budget had to be passed first, and we understand that when it is passed, the rest will appear in the next few days. Over the weekend, we were told that the budget was approve<\/strong>d and it should show up in the Gazette on Wednesday. \u00a0 Iraq has a meeting …1. August with the World Bank about their 580 billion dollar loan, and reforms must be in place before that time.\u00a0<\/strong>The CBI has submitted their paperwork to the World Bank, and I guess we are waiting for the IMF and World Bank to sign off on it.\u00a0So we are looking for this to unfold prior to August 1, or on August 1. We\u2019re feeling pretty good about the 1. August, or before, unless something unforeseen happens.\u00a0<\/strong>\u00a0It looks like we are at the end of this ride, based on the information.
\n______________________________________________________________<\/p>\n

Mike (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [Getting the dinar into Article VIII would be the first step into stopping the auctions? That would mean the spread would have to be 2%; how close are they to that at this time<\/em>?]\u00a0 Great question, here’s the thing,\u00a0if Iraq un-pegged today there would be no disparity between the market and street rates, although, the IMF has advised them not too.<\/strong>\u00a0Why<\/em>?\u00a0Because if they do, the dinar will more than likely drop to somewhere around 1500-$1 which would increase inflation and the pain the citizens are already feeling. Without an economy and exports other than oil, there’s next to zero demand for the dinar and that won’t change overnight, we’re still waiting for the needed legislation to encourage internal business creation and foreign investment.<\/strong>\u00a0 [post 1 of 2….stay tuned]
\n______________________________________________________________<\/p>\n

\"TheThe World Bank confirms its readiness to help Iraq<\/span><\/span><\/b><\/p>\n

BAGHDAD \/ .. confirmed the World Bank<\/strong>, on Wednesday, readiness to help and support the Iraqi government ‘s efforts and plans for economic reform.<\/p>\n

A statement by the Information Office of the Council of Ministers received, “appointed Iraq News”, “Prime Minister Haider al – Abadi received regional director of the World Bank , ” noting that ” the World Bank director congratulated Ebadi and victories edit Mosul.”<\/p>\n

According to the statement, the bank manager said on the “readiness of the bank to help and support the Iraqi government ‘s efforts and plans for economic reform and the promotion of reconstruction projects and the development of Iraqi cities.”<\/p>\n

For his part, Prime Minister Haider al – Abadi stressed ” the importance of cooperation with international efforts in support of Iraq, and accelerate the related job creation program steps, and stimulate the economy, and the return of displaced people to their homes.”<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
\n______________________________________________________________<\/p>\n

\"\"<\/a><\/h1>\n

Prime Minister Dr. Haider Al-Abadi receives the Regional Director of the World Bank<\/strong><\/span><\/h1>\n

The Prime Minister received Dr. Haider Al-Abbadi, Regional Director of the World Bank, Saroj Kumar Jha.<\/p>\n

The Regional Director of the World Bank congratulated Dr. Abadi on the victories and the liberation of Mosul, stressing the readiness of the World Bank to assist and support the efforts of the Iraqi government and its plans for economic reform and the promotion of reconstruction projects and development of Iraqi cities.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/strong><\/em>
\n______________________________________________________________<\/p>\n

\u00a0Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “Central announces solutions to avoid a shortage of dollar “deviation” in the price of holidays<\/em>”\u00a0\u00a0\u00a0They should have been doing this all along.\u00a0 Taking days off allows for the spread to increase due to a shortage.\u00a0\u00a0I would guess the IMF had a hand in this to get them to start attempting to get in compliance…and the CBI trying to minimize losses by only holding auctions on a schedule. But the reality is the fix is not to conserve dollars, it is to weed out the corruption.<\/strong>
\n______________________________________________________________<\/p>\n

<\/h1>\n

We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor<\/strong><\/span><\/h1>\n

On Sunday, the Governor of Iraqi Central Bank issued a statement that main objective of CBI is to stabilize the balance between the sale of U.S dollar and demand in the domestic markets. He also added that the sustainability shouldn\u2019t be considered an edge of speculation and huge profits. The Governor of CBI delivered his words in a press interview with Alsumaria News and indicated that the Bank is looking to maintain a balance between the sales of U.S dollar and to keep it stable. He pointed out that the balance of foreign currency has become strong in the past couple of years and there isn\u2019t any kind of space for speculation and huge profits. He added that Iraq has been experiencing some exceptional circumstances and a significant amount of decline in the global oil prices was considered one of the major reasons behind the economic and financial crisis in the country.<\/p>\n

Read more:\u00a0http:\/\/www.dinarupdates.com\/blog\/<\/a><\/span><\/strong><\/em>
\n______________________________________________________________<\/p>\n

Post RV Checklist (it’s getting to be that time!! Listen up!!)<\/b><\/span><\/p>\n

Dos and Don’ts of Windfall Wealth:<\/b><\/span><\/p>\n

Treat it like a PowerBall win<\/p>\n

– Tell no one, not even family. If you must talk, do so with one who is already in the know.<\/p>\n

– Don\u2019t run out & buy new \u201cstuff\u201d. People notice.<\/p>\n

– Get an unpublished number and give it out very sparingly.<\/p>\n

– 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…<\/p>\n

Read Complete List:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477<\/a><\/strong><\/em>
\n______________________________________________________________<\/p>\n

If you found this blog, our website or chats helpful \u2013 Forward it to a friend!! We couldn\u2019t do it without you!! Thanks \u2013 BGG!!<\/h2>\n

www.DinarUpdates.com<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"

Political Reform in Iraq What was almost the atmosphere of the great military victory in Mosul receded a little, until the withdrawal of political conflicts filled the skies of Iraq and its territories from north to south, he hoped to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[3,8,17,5,18,6,7,26,23,4,21,20,22,25,19,14,9,11,12,13,10,15],"class_list":["post-14224","post","type-post","status-publish","format-standard","hentry","category-dinar-observer","tag-dinar","tag-dinar-chat","tag-dinar-detectives","tag-dinar-guru","tag-dinar-gurus","tag-dinar-info","tag-dinar-news","tag-dinar-recaps","tag-dinar-recaps-blog","tag-dinar-rv","tag-dinar-to-usd","tag-dinar-trade","tag-dinar-updates","tag-dinar-value","tag-dinar-vets","tag-iqd","tag-iraqi-dinar","tag-observer","tag-recaps","tag-revaluation","tag-updates","tag-vnd"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-3Hq","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/14224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14224"}],"version-history":[{"count":12,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/14224\/revisions"}],"predecessor-version":[{"id":14227,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/14224\/revisions\/14227"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}