TNT Rayren98 Updates for the Day
Citizens in Iraq are informing that there is a ban on using the US dollar.....supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell 
On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar.
Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason.
Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars. 😊
Articles to support the updates even though they are not needed ..
Parliamentary Finance: the coming days will see a marked decline in dollar
LINK
Economy News / Baghdad ... 2/21/2017
Parliamentary Finance Committee unveiled Tuesday by the Central Bank of Iraq's intention to pump additional amounts of dollar in local markets to lower dollar prices, noting that the bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation.
He said committee member Ahmed Sarhan Sarhan said in a statement, said that "the Iraqi Central Bank intends to inject additional funds from the dollar in the domestic market to prevent the rising dollar prices."
"The high dollar prices in front of the Iraqi dinar exchange does not serve the economic and commercial interests and the control authorities to prevent the rise in any way possible."
Sarhan said that "the Bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation and dollar exchange to those who deserve it all," noting that "these steps will return dollar prices as they were in the past and demonstrate the exchange rate against the dinar in the coming days."
Parliamentary Finance Committee unveiled Tuesday by the Central Bank of Iraq's intention to pump additional amounts of dollar in local markets to lower dollar prices, noting that the bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation.
He said committee member Ahmed Sarhan Sarhan said in a statement, said that "the Iraqi Central Bank intends to inject additional funds from the dollar in the domestic market to prevent the rising dollar prices."
"The high dollar prices in front of the Iraqi dinar exchange does not serve the economic and commercial interests and the control authorities to prevent the rise in any way possible."
Sarhan said that "the Bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation and dollar exchange to those who deserve it all," noting that "these steps will return dollar prices as they were in the past and demonstrate the exchange rate against the dinar in the coming days."
Rafidain Bank declares its readiness to deposit client funds in dinars or US dollar
LINK So this should say dinar and NOT dollar
[Oan- Baghdad]
Rafidain Bank announced its readiness to open a current account and provide for citizens who wish to deposit their money in the bank.
Rafidain Bank announced its readiness to open a current account and provide for citizens who wish to deposit their money in the bank.
Press office of the bank said in a statement received by all of Iraq [where] a copy of it, that " the Bank has set conditions to open a current account and provide personal citizens dinar and the dollar."
He called the bank "citizens to review his website access information regarding the account opening instructions or review its branches in Baghdad and the provinces for the purpose."
Abbadi: Maliki will stand in court soon on charges of "high treason
Last updated:
Baghdad/Iraq news network. The Prime Minister said Iraq Haidar Abadi on Tuesday, yet he never understood why I give Maliki "ordered withdrawal of army units in Mosul on 9/6/2014 and three divisions of the Iraqi army to pull out of the connector and leave their guns and tanks displayed is flag and come to Baghdad . Ibadi said in a press statement today: that Maliki committed treason on this withdrawal, which make the Iraqi army lost the entire Nineveh give orders to withdraw 3 teams of Iraqi army constituted more than 60 000 troops and leave mechanisms, tanks and armored vehicles and cannons with ammunition to ISIS come and seize Mosul and the whole three military teams weapons worth more than $12 billion. Abadi confirmed the fall of Mosul but ISIS through Maliki's order to withdraw the army and pieces Posted by displacing and killing, displacement and more than 300 billion dollars by provinces of Mosul, Anbar, Salahuddin and leaders the responsibility then Maliki Maliki will be eliminated soon for "high treason."
Shabibi: Maliki has destroyed the country and stole Iraqi State Treasury and (the relationship) from his followers.
Last Updated: February 21, 2017 – 11:50
# BAGHDAD / News Network Iraq blew former governor Iraqi Central Bank, Sinan al Shabibi, Tuesday, surprise when he noted, “money received by former Prime Minister Nuri al Maliki, was enough to build new home can accommodate to 30 million people and that al Maliki appointed four members his ruling party big positions within central bank they are not professional until Bank influenced and took random spread widely, they Director money laundering department, the director legal department, and director banking surveillance, and Director economic Department” he Al shabibi in press statement today : that “when decided change from appointed al Maliki members his party came him letter from prime minister prevented him from removal these corrupt included veiled threat between lines, and when removed first elements corrupt gang mad Maliki issued by his partner and friend Medhat al Mahmoud warrant arrested after Iin Switzerland lecture about new monetary policy in global symposium World monetary Fund” he said adding,” ”corruption taking rampant within central bank by colleagues Maliki in party and that director laundering department funds allocate money laundering Iraq in favor ruling partyl egal director gloss by traders and director bank surveillance taking sold dollars to private banks associated prime minister, less than market amounts that make Iraq millions dollars because this corruption and smuggling government budget funds abroad in favor al Maliki and his followers “lose day the recipe he continued Shabibi” he then appointed al Maliki called (on Keywords), central bank governor to spoil all Iraqi state reserve in amount $ 67 billion in last days his dominance on government to hand over power to Haidar al Abbadi and budget empty and provision ravished, to enter Iraq in major financial crisis can not recover from a decade later even if improved oil prices today” noting that” al Maliki received more money than all rulers Republic Iraq together starting from Abdul Karim Qasim leader Saddam Hussein, was being investigated any noteworthy accomplishment Iraqi people and homeland. “
I really recommend you listen to Rayren98's closing on the TNT Call from Feb. 20th the link is below it works on Android cell phones too
http://ds1.downloadtech.net/cn1086/audio/148215822401353-001.mp3
http://ds1.downloadtech.net/cn1086/audio/148215822401353-001.mp3
Word on the Street Tuesday 2/21/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,153.9000 | 1,153.9000 | 1,153.9000 | | 20:00 |
| USD/VND | | | 22,830.0000 | 22,510.0000 | 22,510.0000 | | 04:15 |
| USD/CNY | | | 6.9004 | 6.8762 | 6.8772 | | 05:46 |
| USD/KWD | | | 0.3051 | 0.3045 | 0.3050 | | 05:09 |
| GBP/USD | | | 1.2461 | 1.2418 | 1.2461 | | 05:46 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,376.0000 | 13,357.0000 | 13,361.0000 | | 05:45 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link: Not available yet
New Article Today:
Rafidain Bank declares its readiness to deposit client funds in dinars or US dollar
Rafidain Bank announced its readiness to open a current account and provide for citizens who wish to deposit their money in the bank.
Press office of the bank said in a statement, "The Bank has set conditions to open a current account and provide personal citizens dinar and the dollar."
He called the bank "citizens to review his website access information regarding the account opening instructions or review its branches in Baghdad and the provinces for the purpose."
Tish
Raise the price of the Iraqi dinar to the fore again
Version: paper - International Monday, February 20, 2017 (00: 0 - GMT)Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq, and calling for the need to stop the «dollarization» economy by preventing the deal internally by making local transactions are limited to the use of the Iraqi dinar only.It must be pointed out that 70 percent of the currency in circulation was covered in gold and foreign currencies until 1981, and the remaining bonds Iraqi government (currency) Act, and Iraq was then applied to the remnants of the gold standard system. In order to maintain the cover, successive governments have continued to link fiscal policy, especially current spending and investment, the status of the balance of payments, and the latter was determined by the government's revenue from oil exports. But the success of this linkage administrative restrictions applied to the outside, both the conversion, trade in goods, services and movement of capital. Thus followed the monetary and fiscal policies the province has maintained the stability of the Iraqi dinar is installed by the Central Bank of $ 3.2 dinar.And it gave a commitment to cover the dinar ease monetary authority in the exercise of its duties, where he was only concerned with maintaining the stability of the currency, but that check on economic development that have not been spending the expense of the adequacy of fear that increased spending affect the stability of the currency. But during the Iraq war - Iran that caused Ptlashi Iraq precautions huge foreign currency, the Iraqi government abandoned the currency law and began to spend on the war without quantitative restrictions, causing a continuous decline in the dinar exchange rate against the dollar and other major foreign currencies, because of the increasing gap between the Iraqi currency supply and demand. And increased the economic embargo imposed on Iraq in 1991 it worse. Despite holding the government at official exchange rate (US $ 3.2) for official transactions, resulting from the continuation of the growing imbalance between the currency volume in circulation and demand for another rate of the dinar is the parallel market rate or the black market, we arrived at certain times to 4000 dinars to the dollar.After the occupation of Iraq in 2003, and lift the ban on oil exports and reserves of foreign currency deposits abroad and the resort's central bank to regulate the daily auctions to sell the dollar, which means the withdrawal of part of the local currency, the value of the Iraqi dinar to rise began gradually until it reached 1200 dinars to the dollar, and remained range around this average. And deprived the Iraqi - Iranian war conditions and the economic blockade after the Iraqi dinar many regarded as a store of value and medium of circulation, what caused the shift most transactions at home and especially internal trade in goods and services, to the dollar, and thus has «dollarization» of the Iraqi economy.From this background on how the Iraqi dinar exchange rate over the last 36 years the price of change, and how it has «dollarization» economy, it is time to discuss the claims of some economists now demanding higher when the dinar exchange rate and stop «dollarization».Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200. But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations. If the monetary reform is successful, there will no longer need to use the US dollar in local transactions. The latter earned after the completion of daily transactions difficult with the arrival of the dollar value of one thousand dinars to become, making individuals resort to dealing in dollars instead of the dinar, especially in large transactions in the hoarding of currency. So can not be canceled «dollarization» Iraqi economy administrative decision or administrative orders of the monetary authority, but will be gone phenomenon gradual demise of the reasons that led to it, that is, after the above are monetary reform referred to, because the dinar will then mode for easy handling and a store of value obviates the use of the dollar.But monetary reform as mentioned above does not mean setting a new official exchange rate of the dinar against the dollar. If under the floating exchange rate as it is currently, the rise or fall according to the relationship between the width of the dinar and demand, the higher the stability of the dinar against the display or low demand, price declines cashed in against the dollar. And it gets the contrary, if the width of the dinar fell against the stability or rising demand. The monetary authority may resort to the installation of the new exchange to the dollar or to a basket of currencies. But in any case, is not advisable to adopt a high exchange rate, it does not give effect to the economy or raise the value of national sovereignty, as some believe, but have negative effects in the economy. The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price. But on the government to follow the fiscal and monetary policies that help to maintain it. So we can say that the calls that we hear today the lifting of the dinar exchange rate and the abolition of «dollarization» claims the economy is not right for your first or can not be achieved by the monetary reform for the second.
DC NY Iraq Articles:dd
ISIL in “Deep Financial Trouble
Iraq, February 20, 2017
According to a report released by London-based International Centre for the Study of Radicalization (ICSR) and accounting group Ernst & Young, the Islamic State organisation (IS, ISIS, ISIL, Daesh) is in deep financial trouble.
In an interview, ICSR director Peter Neumann stated out that the report clearly shows that while IS used to be the world’s richest terror group, IS’s business model is now failing due to its loss of territory and resources.
Neumann pointed out that IS biggest financial strength at its height of power was the ability to loot and extract money through taxes in newly conquered territories, that strength has now become its most significant weakness.
The data quoted in the report is based on captured internal IS documents, as well as a review of previous analyses. The report challenge previous estimates of the IS’s finances by the US-led coalition, which it claims may have been exaggerated.
Researchers also believe that the imminent loss of Mosul would result in a major drop in revenue for IS and a significant setback for the financing of its battlefield apparatus.
The study was presented at the Munich Security Conference on February 18.
South Court is investigating customs revenues to the state treasury more than two billion dinars
History of edits:: 2017/2/20 13:21 • 21 visits readable
{Baghdad: Euphrates News} customs Court for the Southern District announced Mahakgueth to the state treasury of funds during 2016, represented by civil fines imposed and compensation for the management of customs.
The head of customs for the Southern District Court judge Abdul-Khaliq Abdul-Zahra Mubarak said in a statement for the federal judiciary and Euphrates News Agency {} received a copy of it, that "the court has achieved revenues to the state treasury an estimated Bmiliran and 73 million dinars by 2016".
He pointed to Abdul-Zahra, "The revenue earned represented civil fines and compensation for the management of civil Alcomerk."
Customs and courts in Iraq are three: the court of customs for the Central District and the southern region and the northern region, and is one of the specialized criminal courts claims collection of fees and taxes Alkmarkih.a
He pointed to Abdul-Zahra, "The revenue earned represented civil fines and compensation for the management of civil Alcomerk."
Customs and courts in Iraq are three: the court of customs for the Central District and the southern region and the northern region, and is one of the specialized criminal courts claims collection of fees and taxes Alkmarkih.a
Nassif: The government is not obliged to implementation of the policies included in the cleric Moqtada al-Sadr initiative and other countries is that the beneficiary Dawlat case
Monday, February 20, 2017 - 22:51 GMT | Posted Number: 23411
The MP said state law, high Nassif that "the government is not obliged to implementation of the policies included in the cleric Moqtada al-Sadr's initiative", pointing out that the internationalization initiative enters in the interests of other countries, "she went on.
She explained Monday that "al-Sadr initiative where the positive points that can be adopted by the National Alliance on the inside and then taking shape in the House of Representatives by the competent parliamentary committees for consideration and discussion."
Nassif that "it is not correct compliance with all provisions of the initiative, but can be considered advice or recommendations," adding that "the initiative do not need to because the internationalization internationalization enters in the interests of other countries," she went on.
And ask the leader of the Sadrist movement, on Monday, a group of primary solutions within the project for the post-restoration of the city of Mosul from the grip of the organization Daesh, stressing that this initiative is "to keep all the potential that the enemies of the homeland sought to drag Iraq into the abyss of risk," he he said.
Iraq discuss with the launch of the International Monetary Fund for a new batch of loan
History of edits:: 2017/2/20 13:08 • 51 visits readable
{Baghdad: Euphrates News}
Iraq discussed with the International Monetary Fund, the launch of a new batch of financial loan to finance the fiscal deficit.
Iraq discussed with the International Monetary Fund, the launch of a new batch of financial loan to finance the fiscal deficit.
According to a statement to inform the Ministry of Finance and the agency {Euphrates News} received a copy of it, that "the Minister of Finance Agency Abdul Razzaq al-Issa discussed with the commissioner for economic affairs, minister at the US Embassy Larry Mimut prepare the credit requirements of the program with the International Monetary Fund."
Alissa stressed during the meeting, "The government's commitment to the program to prepare the credit and meet all requirements as part of the schedule."
Turn Larry Mimut expressed "gratitude to the Iraqi government, particularly the Ministry of Finance to closely monitor the details of the program and the completion of the steps required to launch a new push within the IMF funding as Iraq, which helps to finance the deficit in the federal budget.
Alissa stressed during the meeting, "The government's commitment to the program to prepare the credit and meet all requirements as part of the schedule."
Turn Larry Mimut expressed "gratitude to the Iraqi government, particularly the Ministry of Finance to closely monitor the details of the program and the completion of the steps required to launch a new push within the IMF funding as Iraq, which helps to finance the deficit in the federal budget.
Russian Rosneft announce the start of drilling the first exploration well in Iraq
It announced that Russian oil company Rosneft, Alatninn it had begun drilling the first exploratory well in Iraq.
Reuters reported, citing a company statement that it "began drilling the first exploratory well in the area of Iraq 12 concession area in Iraq where he organizes the exploration and development operations in the concession area."
Rosneft said it "intends to complete drilling activities in July 2017".
The Iraqi Oil Ministry announced on April 25, 2012, for the start of the fourth licensing round for 12 exploration blocks in different parts of Iraq, stressing that the aim of this round strengthen Iraq's oil reserves.
Kauaihn Iraq Articles:
Putin's representative Jabouri: Russia is keen to activate the economy of the liberated areas
History of edits:: 2017/2/20 12:31 • 63 visits readable
{Baghdad: Euphrates News}
Representative of Russian President Vladimir Putin said his country is keen on activating economic cooperation with Iraq, particularly in the liberated areas, he said.
Representative of Russian President Vladimir Putin said his country is keen on activating economic cooperation with Iraq, particularly in the liberated areas, he said.
This came during his visit to Baghdad that he arrived this morning and his meeting with the President of the House of Representatives, Salim al.
A statement by the Office of the al-Jubouri agency {Euphrates News} received a copy of it, that al-Jubouri, "received, on Monday, the Special Representative of the Russian President for the Middle East and African countries Mikhail Bogdanov and his accompanying delegation, and discussed with him the security and political situation in the region and the war waged by Iraq against terrorism. "
The al-Jubouri, according to the statement, the | victories achieved by the Iraqi security forces against al Daesh have broken fork terrorism in Iraq and is now gasping for breath, "pointing out that" the start of the battle to liberate the coast right from the city of Mosul serves marks the end of the existence of terrorism on the ground in Iraq. " .
The eighth president of the parliament, "the positions of friendly countries in support of Iraq in this battle, including Russia," and expressed hope "that the international community has a bigger role in achieving genuine national reconciliation in Iraq, support for the displaced file and the reconstruction of areas affected by terrorism."
The two sides agreed according to the statement that the "breakthrough developments and positive changes in the region will enhance the security and stability of Iraq, as it confirmed the speaker of parliament that the international conflict and regional will have negative repercussions on the internal our condition, and that any shift towards yes, will contribute to the recovery of the internal situation of Iraq."
For his part, the Russian presidential envoy Park victories achieved by the Iraqi forces in the fight against the terrorist Daesh, stressing his country's keenness on activating the political and economic cooperation between the two countries especially in the areas liberated from Daesh terrorist gang
A statement by the Office of the al-Jubouri agency {Euphrates News} received a copy of it, that al-Jubouri, "received, on Monday, the Special Representative of the Russian President for the Middle East and African countries Mikhail Bogdanov and his accompanying delegation, and discussed with him the security and political situation in the region and the war waged by Iraq against terrorism. "
The al-Jubouri, according to the statement, the | victories achieved by the Iraqi security forces against al Daesh have broken fork terrorism in Iraq and is now gasping for breath, "pointing out that" the start of the battle to liberate the coast right from the city of Mosul serves marks the end of the existence of terrorism on the ground in Iraq. " .
The eighth president of the parliament, "the positions of friendly countries in support of Iraq in this battle, including Russia," and expressed hope "that the international community has a bigger role in achieving genuine national reconciliation in Iraq, support for the displaced file and the reconstruction of areas affected by terrorism."
The two sides agreed according to the statement that the "breakthrough developments and positive changes in the region will enhance the security and stability of Iraq, as it confirmed the speaker of parliament that the international conflict and regional will have negative repercussions on the internal our condition, and that any shift towards yes, will contribute to the recovery of the internal situation of Iraq."
For his part, the Russian presidential envoy Park victories achieved by the Iraqi forces in the fight against the terrorist Daesh, stressing his country's keenness on activating the political and economic cooperation between the two countries especially in the areas liberated from Daesh terrorist gang
Sabri: Trump Ebadi vowed to review the decision to ban the entry of Iraqis America
2017/2/20 BAGHDAD - The Journal News
Prime Minister Haider al-Abadi student through a connection with US President "Donald Trump" to raise Iraq's name from the list of countries covered by the ban on its citizens entering the United States.
The spokesman for the office of Prime Minister Saad al-Hadithi's (Journal News) "The prime minister has received positive messages Ttmanh of US President on the subject."
He added that "Trump pledged to review the decree in regards to Iraqi nationals and he was assigned near the State Department to monitor this issue to find solutions to the problem that resulted from the decision-solutions.
TEHRAN (CBI PR dept) - New issue of "Selected Economic Indicators" for Azar 1395 (November-December 2016) is available for public access.
20 February 2017 Selected Economic Indicators, Azar 1395 Published
Selected Economic Indicators is an electronic issue published monthly by the CB of Iran, comprising the latest information and economic statistics in the fields of Money and Banking, Balance of Payments, Government Budget and Fiscal Data, and also Capital Market.
The Monetary and Credit Aggregates section covers statistics on the summary of the assets and liabilities of the banking system including commercial, specialized and private banks along with central bank, and non-bank credit institutions. This section also comprises the major monetary variables, banking facilities extended by banks (private and public) and credit institutions (according to Islamic contracts).
Stats on the balance of payments, imports and non-oil exports, value of non-oil exports, external debts (actual) and the average selling rate of foreign exchange in the interbank and the parallel market on a monthly basis can be found in the Balance of Payments category.
This electronic Issue also contains information about Government Budget and Fiscal Data and Capital Market. Government Budget and Fiscal Data section covers statistics on Government Budget, Tax Revenues, as well as Disposal and Acquisition of Financial Assets. Capital Market section contains data on Tehran Stock Exchange (TSE) Activities, the TSE Indices by Industries, Shares Offered by Public Sector and Banks, and Issuance of Participation Papers.
The Monetary and Credit Aggregates section covers statistics on the summary of the assets and liabilities of the banking system including commercial, specialized and private banks along with central bank, and non-bank credit institutions. This section also comprises the major monetary variables, banking facilities extended by banks (private and public) and credit institutions (according to Islamic contracts).
Stats on the balance of payments, imports and non-oil exports, value of non-oil exports, external debts (actual) and the average selling rate of foreign exchange in the interbank and the parallel market on a monthly basis can be found in the Balance of Payments category.
This electronic Issue also contains information about Government Budget and Fiscal Data and Capital Market. Government Budget and Fiscal Data section covers statistics on Government Budget, Tax Revenues, as well as Disposal and Acquisition of Financial Assets. Capital Market section contains data on Tehran Stock Exchange (TSE) Activities, the TSE Indices by Industries, Shares Offered by Public Sector and Banks, and Issuance of Participation Papers.
The latest issue is attainable via clicking on this LINK
A memorandum of understanding between Baghdad and Tehran to export Kirkuk oil through Iran
February 20, 2017
The Iraqi Oil Ministry announced on Monday that Tehran and Baghdad signed a memorandum of understanding to study the construction of a pipeline to export crude oil from the Kirkuk fields, through Iran.
The ministry said in a statement that the agreement signed by the two countries and the oil minister in Baghdad, calling for the formation of committees to resolve a dispute over the joint oil fields and to study the transfer of Iraqi crude to Iran's Abadan refinery.
The statement quoted the Iraqi oil minister, Jabbar Luaibi, said he also agreed with his Iranian counterpart, Bijan Zanganeh, who is visiting Iraq, to "coordinate positions in OPEC to achieve the desired in the global oil market balance and to support oil prices."
The memorandum of understanding on the continuation of cooperation in the field of supplying electric power stations of the Iranian gas, and invited Iranian companies to invest in oil and gas and to participate in the rehabilitation of the infrastructure of oil and gas installations and petrochemical plant in Basra sector
Kauaihn Economic Times:
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GLOBAL/ NEWS/ INFO
28-year-old cofounder named to Forbes 30 under 30 shares his advice for aspiring entrepreneurs
Business Insider
Business Insider
Maxim Razmakhin has always been an entrepreneurial spirit. When he was in college, he sold milkshakes out of his dorm room. "It was sort of like a substitute for coffee," Razmakhin said. "It stimulated brain power and helped people cram for those big exams." He ended up making a couple thousand bucks from the endeavor. The 28-year-old Russian-native is the co-founder of Thirstie, an online alcohol-delivery service. He was recently named to the Forbes' 30 under 30 food & drink list for his
A man who flew around the world for 3 months on less than $1,000 shares his best advice to save a fortune on airfare
Business Insider
Business Insider
It all comes down to credit cards. Brandon, otherwise known as the Mad Fientist, is pictured. Courtesy of the Mad Fientist. After retiring at age 34, Brandon traveled around the world for three months, visiting 14 countries on four different continents - and he paid only $947.91 for his flights. What's his secret to traveling so cheaply? Frequent flyer miles, scored through free credit card signup bonuses. Brandon, who goes by his first name only on his blog, Mad Fientist, for privacy reasons, Read the full story
OIL/COMMODITIES/ENERGY
Gold prices plunge Rs180 on global cues
Livemint
Livemint
New Delhi: Snapping its three-day rising trend, gold slumped by Rs180 to Rs29,700 per 10 grams on Monday on weak global cues and easing demand from local jewellers. Read the full story
Gold steady awaiting clues on Fed rate rise schedule
Gold held steady, as traders awaited further clues on the pace of US interest rate rises from a raft of Federal Reserve officials due to speak this week.
Read more: http://www.cnbc.com/id/
Oil prices push higher, lifted by decline in Saudi exports
MarketWatch
MarketWatch
Last week’s spike in US. rig count continues to overshadow the market, but prices creep higher on Monday, boosted by news that Saudi Arabia reduced output in December. Read the full story
Oil rises, but faces prospect of growing US output
Oil prices rose but gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles might offset the push by producers to cut output.
Read more: http://www.cnbc.com/id/
China will help drive 33% increase in global copper prices by 2020: Citi
Supply concerns and market expectations of growing demand from China are pushing Doctor Copper back on the market.
Read more: http://www.cnbc.com/id/
BANKS/BANKING
A Woman Is Named CEO of a Saudi Commercial Bank for the First Time
FORTUNE
The appointment comes as Saudi government works to boost the role of women in the economy. Rania Nashar was named chief executive of Samba Financial Group on Monday, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social reforms. Nashar is a board member of Samba’s global markets subsidiary and a Pakistani unit, and has nearly 20 years of experience in banking. MORE FROM FORTUNE.COM Watch Fox News' Chris Wallace Call Out Reince Priebus Read the full story
Results will reveal the good, the bad and the ugly of UK banks
the guardian
Boardroom pay, litigation and losses to come under spotlight as Britain’s top lenders post financial results this week Read the full story
A Woman Is Named CEO of a Saudi Commercial Bank for the First Time
FORTUNE
FORTUNE
The appointment comes as Saudi government works to boost the role of women in the economy. Rania Nashar was named chief executive of Samba Financial Group on Monday, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social reforms. Nashar is a board member of Samba’s global markets subsidiary and a Pakistani unit, and has nearly 20 years of experience in banking. MORE FROM FORTUNE.COM Watch Fox News' Chris Wallace Call Out Reince Priebus Read the full story
Results will reveal the good, the bad and the ugly of UK banks
the guardian
the guardian
Boardroom pay, litigation and losses to come under spotlight as Britain’s top lenders post financial results this week Read the full story
TREASURIES/ BONDS/ STOCKS
A top Wall Street bank is looking for the next generation of dealmakers
Business Insider
Andrea Orcel, president of UBS' investment bank UBS UBS is on the lookout for the next generation of dealmakers in the US. Business Insiderrecently sat down with Andrea Orcel, the head of UBS' investment bank, and asked about the firm's plans for its US business. The bank finished 2016 ranked 10th globally for investment banking fees, according to Dealogic, 10th for mergers and acquisitions fees and 9th for equity capital markets revenues. The bank has historically been strong in Asia and in its Read the full story
TREASURIES/ BONDS/ STOCKS
A top Wall Street bank is looking for the next generation of dealmakers
Business Insider
Business Insider
Andrea Orcel, president of UBS' investment bank UBS UBS is on the lookout for the next generation of dealmakers in the US. Business Insiderrecently sat down with Andrea Orcel, the head of UBS' investment bank, and asked about the firm's plans for its US business. The bank finished 2016 ranked 10th globally for investment banking fees, according to Dealogic, 10th for mergers and acquisitions fees and 9th for equity capital markets revenues. The bank has historically been strong in Asia and in its Read the full story
European markets edge higher; RBS jumps 6.4%; Unilever plummets 7.3%
European markets edged higher in lunchtime trade on Monday as investors eyed earnings and fresh economic data.
Read more: http://www.cnbc.com/id/
Asia markets trade higher as investors eye details on Trump's tax reform plans
Asia markets traded mostly higher as investors await further details from President Trump's economic policies, including tax reforms.
European markets edge higher; RBS jumps 6.4%; Unilever plummets 7.3%
European markets edged higher in lunchtime trade on Monday as investors eyed earnings and fresh economic data.
Read more: http://www.cnbc.com/id/
Asia markets trade higher as investors eye details on Trump's tax reform plans
Asia markets traded mostly higher as investors await further details from President Trump's economic policies, including tax reforms.
CURRENCIES
Dollar sticks to tight ranges, but drifts lower against British pound
MarketWatch
A lack of fresh trading cues and a U.S. holiday beset currency trade on Monday. The pound moved up though, as a Brexit debate got underway in the House of Lords. Read the full story
CURRENCIES
Dollar sticks to tight ranges, but drifts lower against British pound
MarketWatch
MarketWatch
A lack of fresh trading cues and a U.S. holiday beset currency trade on Monday. The pound moved up though, as a Brexit debate got underway in the House of Lords. Read the full story
Pound Rises Amid Risk Appetite
RTTNews
The British pound strengthened against the other major currencies in the early European session on Monday amid risk appetite, although trading volumes remained thin on a light day on the economic front and amid the Presidents Day holiday in the U.S. Meanwhile, investors fretted about the upcoming French elections. Read the full story
Risk-on mood, signs from French left prod euro higher
The euro recovered some ground against the dollar after talks aimed at finding a leftist unity candidate for France's election showed little sign of progress.
Read more: http://www.cnbc.com/id/
Australian dollar dips
Inside Retail
Aussie dollar back below 77 US cents. Read the full story
NZ dollar falls as Fed minutes loom
Scoop
Feb. 20 (BusinessDesk) - The New Zealand dollar fell ahead of minutes of the latest Federal Open Market Committee meeting and as investors weighed the competing forces of a robust local economy and optimism about the outlook for the US. Read the full story
eNCA | Molefe appointment takes wind out of rand's sailseNCA.com
On Monday morning, the rand was at R13.13 against the dollar, R13.95 to the euro and R16.38 to the pound from R16.22 previously. Read the full story
Rupee trades flat against US dollar
Livemint
Mumbai: The Indian rupee on Monday opened weaker but soon erased all the losses and was trading little changed against the US dollar. Read the full story
Chinese yuan weakens
Social News XYZ
Beijing, Feb 20 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 287 basis points to 6.8743 against the US dollar on Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from... Read the full story
Yen Falls Following Weak Japan Trade Balance
RTTNews
The Japanese yen weakened against the other major currencies in the Asian session on Monday, after data showed that Japanese trade balance figures rose less than expected in January. Read the full story
Pound Rises Amid Risk Appetite
RTTNews
RTTNews
The British pound strengthened against the other major currencies in the early European session on Monday amid risk appetite, although trading volumes remained thin on a light day on the economic front and amid the Presidents Day holiday in the U.S. Meanwhile, investors fretted about the upcoming French elections. Read the full story
Risk-on mood, signs from French left prod euro higher
The euro recovered some ground against the dollar after talks aimed at finding a leftist unity candidate for France's election showed little sign of progress.
Read more: http://www.cnbc.com/id/
Australian dollar dips
Inside Retail
Inside Retail
Aussie dollar back below 77 US cents. Read the full story
NZ dollar falls as Fed minutes loom
Scoop
Scoop
Feb. 20 (BusinessDesk) - The New Zealand dollar fell ahead of minutes of the latest Federal Open Market Committee meeting and as investors weighed the competing forces of a robust local economy and optimism about the outlook for the US. Read the full story
eNCA | Molefe appointment takes wind out of rand's sailseNCA.com
On Monday morning, the rand was at R13.13 against the dollar, R13.95 to the euro and R16.38 to the pound from R16.22 previously. Read the full story
Rupee trades flat against US dollar
Livemint
Livemint
Mumbai: The Indian rupee on Monday opened weaker but soon erased all the losses and was trading little changed against the US dollar. Read the full story
Chinese yuan weakens
Social News XYZ
Social News XYZ
Beijing, Feb 20 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 287 basis points to 6.8743 against the US dollar on Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from... Read the full story
Yen Falls Following Weak Japan Trade Balance
RTTNews
RTTNews
The Japanese yen weakened against the other major currencies in the Asian session on Monday, after data showed that Japanese trade balance figures rose less than expected in January. Read the full story
USA
This is why Wall Street is able to stay one step ahead of federal investigations
Business Insider
In her new book"Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street,"authorSheelah Kolhatkarchronicles the incredible story of the biggest insider trading scandal in history. Kolhatkar explains how the FBI's resources are vastly inferior to those of a top hedge fund. Read the full story
Why being long the US dollar is 'very very dangerous' right now
The U.S. dollar finished the week just barely positive, and some strategists see the greenback heading lower as political uncertainty mounts.
Read more:
USA
This is why Wall Street is able to stay one step ahead of federal investigations
Business Insider
Business Insider
In her new book"Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street,"authorSheelah Kolhatkarchronicles the incredible story of the biggest insider trading scandal in history. Kolhatkar explains how the FBI's resources are vastly inferior to those of a top hedge fund. Read the full story
Why being long the US dollar is 'very very dangerous' right now
The U.S. dollar finished the week just barely positive, and some strategists see the greenback heading lower as political uncertainty mounts.
Read more:
EMERGING MARKETS
Standard Chartered and IFC to invest up to $1 billion in emerging markets
POST Online Media
Standard Chartered has agreed with IFC (International Financial Corporation), a member of the World Bank Group, to continue their trade finance partnership under the Global Trade Liquidity Program (GTLP). These EMIBs will further extend the financing to local importers and exporters in their presence countries to promote ... Read the full story
MIDDLE EAST
EMERGING MARKETS
Standard Chartered and IFC to invest up to $1 billion in emerging markets
POST Online Media
POST Online Media
Standard Chartered has agreed with IFC (International Financial Corporation), a member of the World Bank Group, to continue their trade finance partnership under the Global Trade Liquidity Program (GTLP). These EMIBs will further extend the financing to local importers and exporters in their presence countries to promote ... Read the full story
MIDDLE EAST
Trump's defense chief, in Iraq, says: We're not here for your oil
Defense Secretary Jim Mattis distanced himself from President Donald Trump's remarks before arriving on an unannounced visit to Baghdad.
Read more: http://www.cnbc.com/id/
Women take top roles in Saudi finance giants
Women have secured top jobs at Saudi Arabia's stock exchange and one of its large national banks.
Read more: http://www.cnbc.com/id/
AFRICA
Benin: Benin Sees China As Leading Foreign Trade Partner During Fourth Quarter 2016
AllAfrica
(Photo: CobbleCC /Wikipedia) Cotonou China ranks as ninth importer and fourth exporter country of Benin during the fourth quarter 2016, the National Institute of Statistics and Economic Analysis (INSAE) said in its quarterly review issued on Sunday. During the considered period, China imported over 1,149 tons of goods valued 5.7 billion CFA Francs (9.2 million U.S. dollars) from Benin but exported 30,099 tons of goods valued 87 billion CFA Francs (141 million U.S. dollars) to the West African Read the full story
Tanzania: Chinese Envoy Tips Govt on How to Hit 7% Economic Growth
AllAfrica
(Photo: Alidamji/Wikipedia) Dar es Salaam Tanzania needs to attract more foreign direct investment (FDI) to realise its goal of attaining seven per cent economic growth, according to the Chinese ambassador to Tanzania, Dr Lu Youqing. Dr Lu told a news conference on Wednesday that Tanzania's investment needs in 2016/17 amounted to $13.422 billion, while corresponding domestic capital was only $8.533 billion. This translates into a $4.9 billion deficit. "To close the gap, the government has to Read the full story
Trump's defense chief, in Iraq, says: We're not here for your oil
Defense Secretary Jim Mattis distanced himself from President Donald Trump's remarks before arriving on an unannounced visit to Baghdad.
Read more: http://www.cnbc.com/id/
Women take top roles in Saudi finance giants
Women have secured top jobs at Saudi Arabia's stock exchange and one of its large national banks.
Read more: http://www.cnbc.com/id/
AFRICA
Benin: Benin Sees China As Leading Foreign Trade Partner During Fourth Quarter 2016
AllAfrica
AllAfrica
(Photo: CobbleCC /Wikipedia) Cotonou China ranks as ninth importer and fourth exporter country of Benin during the fourth quarter 2016, the National Institute of Statistics and Economic Analysis (INSAE) said in its quarterly review issued on Sunday. During the considered period, China imported over 1,149 tons of goods valued 5.7 billion CFA Francs (9.2 million U.S. dollars) from Benin but exported 30,099 tons of goods valued 87 billion CFA Francs (141 million U.S. dollars) to the West African Read the full story
Tanzania: Chinese Envoy Tips Govt on How to Hit 7% Economic Growth
AllAfrica
AllAfrica
(Photo: Alidamji/Wikipedia) Dar es Salaam Tanzania needs to attract more foreign direct investment (FDI) to realise its goal of attaining seven per cent economic growth, according to the Chinese ambassador to Tanzania, Dr Lu Youqing. Dr Lu told a news conference on Wednesday that Tanzania's investment needs in 2016/17 amounted to $13.422 billion, while corresponding domestic capital was only $8.533 billion. This translates into a $4.9 billion deficit. "To close the gap, the government has to Read the full story
ASIA
ASIA
China's CNPC Buys Stake in $22 Billion Abu Dhabi Oil Venture
Oilpro
by Anthony Dipaola and Mahmoud Habboush China National Petroleum Corp. bought a stake in Abu Dhabi’s largest oil concession as the Middle Eastern emirate with 6 percent of global crude reserves looks increasingly to Asia, its biggest market, for investment to raise output capacity. Abu Dhabi National Oil Co. awarded CNPC an 8 percent stake in the onshore venture in return for a $1.8 billion signing bonus, Adnoc said in a statement. State-run CNPC is the venture’s third Asian partner, joining Read the full story
Japan’s efforts to end ‘death by overwork’ will have unintended consequences: Deutsche Bank
Japan's efforts to put the kibosh on karoshi, or "death by overwork," by addressing excessive overtime could hit economic growth, Deutsche Bank said.
Read more: http://www.cnbc.com/id/
Microsoft's Asia head sees 'huge' opportunity in China, the future in cloud computing
Microsoft's Ralph Haupter says companies hoping to adopt new technologies to grow their businesses have to embrace cloud computing.
Read more: http://www.cnbc.com/id/
Singapore budget: Wary of ‘deep shifts’ in global environment, focusing on building local capabilities
Singapore outlines strategies in annual budget to improve capabilities of firms and workers amid shifts in global economic landscape.
Read more: http://www.cnbc.com/id/
China's CNPC Buys Stake in $22 Billion Abu Dhabi Oil Venture
Oilpro
Oilpro
by Anthony Dipaola and Mahmoud Habboush China National Petroleum Corp. bought a stake in Abu Dhabi’s largest oil concession as the Middle Eastern emirate with 6 percent of global crude reserves looks increasingly to Asia, its biggest market, for investment to raise output capacity. Abu Dhabi National Oil Co. awarded CNPC an 8 percent stake in the onshore venture in return for a $1.8 billion signing bonus, Adnoc said in a statement. State-run CNPC is the venture’s third Asian partner, joining Read the full story
Japan’s efforts to end ‘death by overwork’ will have unintended consequences: Deutsche Bank
Japan's efforts to put the kibosh on karoshi, or "death by overwork," by addressing excessive overtime could hit economic growth, Deutsche Bank said.
Read more: http://www.cnbc.com/id/
Microsoft's Asia head sees 'huge' opportunity in China, the future in cloud computing
Microsoft's Ralph Haupter says companies hoping to adopt new technologies to grow their businesses have to embrace cloud computing.
Read more: http://www.cnbc.com/id/
Singapore budget: Wary of ‘deep shifts’ in global environment, focusing on building local capabilities
Singapore outlines strategies in annual budget to improve capabilities of firms and workers amid shifts in global economic landscape.
Read more: http://www.cnbc.com/id/
EUROPE
Germany thinks it can work out a deal on Greek debts that will keep the IMF happy
Business Insider UK
Berlin (AFP) - Germany said Sunday that it expects the International Monetary Fund (IMF) to continue participating in the bailout for debt-stricken Greece, despite the lender's doubts on the issue. Ahead of key talks over the Greek debt saga, German Finance Minister Wolfgang Schaeuble told ARD public television he was "starting from the principle" that the Washington-based IMF would carry on supporting Greece alongside the eurozone. Athens said this week that it intends to reach "a political Read the full story
Russia overtakes Saudi Arabia as the world’s largest producer of crude oil
The Independent
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades. Read the full story
How do you say deja vu in Greek?
It seems as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion.
Read more: http://www.cnbc.com/id/
France is frightening the market, but Italy could be the real threat for investors
Italy poses the greatest threat to the euro area's stability in spite of the impending presidential elections in France; Deutsche Bank.
Read more: http://www.cnbc.com/id/
EUROPE
Germany thinks it can work out a deal on Greek debts that will keep the IMF happy
Business Insider UK
Business Insider UK
Berlin (AFP) - Germany said Sunday that it expects the International Monetary Fund (IMF) to continue participating in the bailout for debt-stricken Greece, despite the lender's doubts on the issue. Ahead of key talks over the Greek debt saga, German Finance Minister Wolfgang Schaeuble told ARD public television he was "starting from the principle" that the Washington-based IMF would carry on supporting Greece alongside the eurozone. Athens said this week that it intends to reach "a political Read the full story
Russia overtakes Saudi Arabia as the world’s largest producer of crude oil
The Independent
The Independent
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades. Read the full story
How do you say deja vu in Greek?
It seems as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion.
Read more: http://www.cnbc.com/id/
France is frightening the market, but Italy could be the real threat for investors
Italy poses the greatest threat to the euro area's stability in spite of the impending presidential elections in France; Deutsche Bank.
Read more: http://www.cnbc.com/id/
Blessed and Highly Favored:
CBI Update:
The CBI for Tuesday, Feb 21, 2017 did not update on the indicative rates and the last date shown is 01/04/2017.
The currency auction is 163,992,777
There are no news and announcements for Tueday, Feb 21, 2017 as follows:
ISX Update:
Value Traded
10,348,341,446
Shares Traded
10,524,358,783
ISX ended in Green
Kauaihn Chatter:
2-20-2017 Intel Guru RayRen98 Iraqi TV is reportedly referencing economic reform with officials discussing raising the dinar to 1.20 to the US dollar. Time Will Tell!
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL,AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%.That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL,AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%.That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound/Intel Guru BGG "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." ...the agreement represents an important signal to the international arena... BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW...was more than a little shocking to me. It appears the UN is much more involved I imagined.
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
Read more: http://www.dinarguru.com/#
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
Read more: http://www.dinarguru.com/#
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
BAGHDAD - Iraq Press - February 21: the dawn of former governor of the Iraqi Central Bank, Sinan al-Shabibi, Tuesday, surprise when he noted, "The money received by the former Prime Minister Nuri al-Maliki, was enough to build a new home can accommodate up to 30 million people and that al-Maliki appointed four members of his ruling party big positions within the central bank. they are not for professional until the Bank influenced and took random spread widely, and they Director-money laundering department, the director of the legal department, and director of banking surveillance, and Director of the economic Department. "
He Alshabibi in a press statement I followed / Iraq Press / he "When I decided to change from appointed by al-Maliki, members of his party came to him a letter from the prime minister prevented him from removal of these corrupt included a veiled threat between the lines, and when he removed the first elements of the gang of corrupt mad Maliki issued for Using his partner and friend, Medhat al-Mahmoud warrant was arrested after that I was in Switzerland lecture about the new monetary policy in a global seminar for International monetary Fund, "he said, adding," the "corruption taking is rampant within the central bank by colleagues Maliki in the party and that the director of laundering department funds allocate money Iraq's assets in favor of the ruling party and legal director of the gloss upon the Director of the banks monitor traders taking sold dollars to private banks associated with the prime minister, less than the market in amounts that make Iraq millions of dollars because of this corruption and the smuggling of government budget funds abroad in favor of al-Maliki and his followers "to lose a day in the recipe .
Shabibi "He then appointed al-Maliki called on the Keywords, central bank governor to spoil all the Iraqi state reserve in the amount of $ 67 billion in the last days of his dominance on the government to hand over power to Haidar al-Abbadi and a budget of empty and provision ravished, to enter Iraq in a major financial crisis can not recover from a decade later, even if oil prices improved today, "noting that" al-Maliki received more money than all the rulers of the Republic of Iraq together starting from Abdul Karim Qasim leader Saddam Hussein, was being investigated by any unfinished mention the Iraqi people and the homeland. " Ended O.h
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side; not posted on English side)
Prime Minister Dr. Haider al-Abadi receives Iranian Oil Minister
Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Monday, Iranian Oil Minister Bijan Mr. Zangana and his accompanying delegation.
During the meeting, they discussed cooperation between the two countries in the field of oil, gas, electricity and overcome the obstacles that stand in front expand the horizons of joint cooperation where many of the proposals provide in this regard.
Mr. Zangana and conveyed the greetings of Mr. Hassan Rohani, head of Iran's Islamic Republic, and his deputy, Mr. Isaac Jhangere Dr. Abadi and support the Islamic Republic of Iraq in its war against terrorism.
Information Office of the Prime Minister
February 20, 2017
During the meeting, they discussed cooperation between the two countries in the field of oil, gas, electricity and overcome the obstacles that stand in front expand the horizons of joint cooperation where many of the proposals provide in this regard.
Mr. Zangana and conveyed the greetings of Mr. Hassan Rohani, head of Iran's Islamic Republic, and his deputy, Mr. Isaac Jhangere Dr. Abadi and support the Islamic Republic of Iraq in its war against terrorism.
Information Office of the Prime Minister
February 20, 2017
***************
ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi receives special envoy of Russian President
Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Monday, special envoy of the Russian President and the Deputy Russian Foreign Ministry Mikhail Bogdanov and his accompanying delegation.
During the meeting, they discussed bilateral cooperation between the two countries in the security, military, economic and trade fields as well as the war on terror and Daesh battle to liberate the coast right from Mosul gangs and the situation in the region.
Mr. Bogdanov and delivered a message from Russian President Vladimir Putin to Dr. Abadi.
Mr. Prime Minister, pointed to Iraq's desire to relations with Russia to serve the interests of the two peoples, noting that the Iraq war being waged against terrorism has reached its final stages, even the sons of Iraq did not address the terrorist gangs to lay to countries in the region.
For his part, the Russian envoy his country's support for Iraq in its war against terrorism and its quest to strengthen relations in all areas.
Information Office of the Prime Minister
February 20, 2017
During the meeting, they discussed bilateral cooperation between the two countries in the security, military, economic and trade fields as well as the war on terror and Daesh battle to liberate the coast right from Mosul gangs and the situation in the region.
Mr. Bogdanov and delivered a message from Russian President Vladimir Putin to Dr. Abadi.
Mr. Prime Minister, pointed to Iraq's desire to relations with Russia to serve the interests of the two peoples, noting that the Iraq war being waged against terrorism has reached its final stages, even the sons of Iraq did not address the terrorist gangs to lay to countries in the region.
For his part, the Russian envoy his country's support for Iraq in its war against terrorism and its quest to strengthen relations in all areas.
Information Office of the Prime Minister
February 20, 2017
***************
ARTICLE 1-C (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi receives US Secretary of Defense James Mattis
Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Monday, US Defense Secretary Mr. James Mattis and his accompanying delegation.
During the meeting, they discussed strengthening relations between the two countries in the military and security fields and the war on Daesh and the battle to liberate the right coast of the connector.
Mr. Prime Minister, stressed the importance of international support for Iraq in its war against terrorism, reiterating the absence of any foreign troops fighting on Iraqi soil, and there are only advisers and that Iraqi troops are fighting and achieve victories.
The sovereignty: We emphasize our ability to defeat Daesh We at crucial moments to liberate our cities, it is necessary to continue support for Iraq.
In turn, new US Defence Secretary his full support for Iraq in its war against terrorism and in other areas, noting that we came to support Iraq and the emphasis on the continuation of the relationship and support for Iraq after Daesh.
He praised the great development and progress of the Iraqi army during the past two years and enjoys a very good reputation at home and abroad and there are tournaments and defend the civilians, the Iraqi army was not reflected in the global media.
Information Office of the Prime Minister
February 20, 2017
During the meeting, they discussed strengthening relations between the two countries in the military and security fields and the war on Daesh and the battle to liberate the right coast of the connector.
Mr. Prime Minister, stressed the importance of international support for Iraq in its war against terrorism, reiterating the absence of any foreign troops fighting on Iraqi soil, and there are only advisers and that Iraqi troops are fighting and achieve victories.
The sovereignty: We emphasize our ability to defeat Daesh We at crucial moments to liberate our cities, it is necessary to continue support for Iraq.
In turn, new US Defence Secretary his full support for Iraq in its war against terrorism and in other areas, noting that we came to support Iraq and the emphasis on the continuation of the relationship and support for Iraq after Daesh.
He praised the great development and progress of the Iraqi army during the past two years and enjoys a very good reputation at home and abroad and there are tournaments and defend the civilians, the Iraqi army was not reflected in the global media.
Information Office of the Prime Minister
February 20, 2017
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ARTICLE 2
Jubouri, Allawi discuss parliament's role in the development and adoption of the electoral law
2017/2/20 16:36
[Where-Baghdad]
Search parliament speaker Salim al-Jubouri, with Vice President Iyad Allawi, the role of the House of Representatives in the development and adoption of the election law, while stressed the importance of the military establishment in the processes of liberalization and support the return of displaced persons.
Search parliament speaker Salim al-Jubouri, with Vice President Iyad Allawi, the role of the House of Representatives in the development and adoption of the election law, while stressed the importance of the military establishment in the processes of liberalization and support the return of displaced persons.
A statement by the Office of the al-Jubouri, the Agency has received all of Iraq [where] a copy of it today that "Parliament Speaker Salim al-Jubouri met on Monday with Vice President Iyad Allawi, were reviewed during the meeting a number of important laws and files, notably the Electoral Commission file and the electoral law and the most prominent amendments demanded by the political blocs. "
He added that "al-Jubouri, stressed the importance of studying these amendments, and work to be completed within the constitutional timings, which are in harmony with the demands of the street and to take account of the higher national interest of the country."
"The two sides stressed the importance of the role of the House of Representatives and the Presidency of the Republic in the completion of the laws that mainly contribute to the building of democracy in Iraq."
The two sides also expressed "the importance of the military establishment in the processes of liberalization and support the return of displaced persons, and care should be taken to confirm the stability in the areas affected by terrorism."
He added that "al-Jubouri, stressed the importance of studying these amendments, and work to be completed within the constitutional timings, which are in harmony with the demands of the street and to take account of the higher national interest of the country."
"The two sides stressed the importance of the role of the House of Representatives and the Presidency of the Republic in the completion of the laws that mainly contribute to the building of democracy in Iraq."
The two sides also expressed "the importance of the military establishment in the processes of liberalization and support the return of displaced persons, and care should be taken to confirm the stability in the areas affected by terrorism."
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ARTICLE 3-A
Parliament will vote tomorrow to amend Iraq's logo and titling low-income residential land
2017/2/20 14:58
[Oan- Baghdad]
Resumes the House of Representatives, on Tuesday, its regular vote and read the laws and reporting projects.
Resumes the House of Representatives, on Tuesday, its regular vote and read the laws and reporting projects.
The agenda of the meeting includes a "complete voting on the draft Iraqi academics union law, and vote on the draft law amending the Law of the Republic of Iraq logo stamped No. 85 of 1965, and vote on the proposed ownership of low-income residential land law."
It also includes directing an oral question to the Minister of Water Resources [Hassan al-Janabi of the MP Hanan al, displaying committee only report from the defense about the security situation and operations editor of Mosul, the first reading of a bill abolishing the dissolved Revolutionary Command Council Resolution Act [1631] for the year 1980 ".
It will also offer "for the Health and Environment Committee's report on radioactive contamination in the slaughter area and thirst [Pacific] market, and report and discuss the draft of the Ministry of Defence Act, and report and discuss the legal project accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. 185 for the year Agreement 2003 ".
It would be "a report and discussion of the proposed Second Amendment to the Law of the Independent Electoral Commission Act No. 11 of 2007, and quarterly activity report of the Commission on Integrity" is included on the agenda.
It also includes directing an oral question to the Minister of Water Resources [Hassan al-Janabi of the MP Hanan al, displaying committee only report from the defense about the security situation and operations editor of Mosul, the first reading of a bill abolishing the dissolved Revolutionary Command Council Resolution Act [1631] for the year 1980 ".
It will also offer "for the Health and Environment Committee's report on radioactive contamination in the slaughter area and thirst [Pacific] market, and report and discuss the draft of the Ministry of Defence Act, and report and discuss the legal project accession of the Republic of Iraq to the Maritime Labour Convention of 2006 and the accession of the Republic of Iraq to the identity documents sailors No. 185 for the year Agreement 2003 ".
It would be "a report and discussion of the proposed Second Amendment to the Law of the Independent Electoral Commission Act No. 11 of 2007, and quarterly activity report of the Commission on Integrity" is included on the agenda.
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ARTICLE 3-B
Parliament postpones vote on changing the logo of the Republic of Iraq
2017/2/21 12:43
[Oan- Baghdad]
Postponed the House of Representatives in its meeting today to vote on a draft law amending the slogan of the Republic of Iraq and Chtmha..itba
Postponed the House of Representatives in its meeting today to vote on a draft law amending the slogan of the Republic of Iraq and Chtmha..itba
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ARTICLE 4-A
Urgent media war: the completion of the first page of the third phase of the process of coming Aaninoy
2017/2/20 19:32
[Where-Baghdad]
Security forces Akmt front page of the third phase of the process of coming Aaninoy. A statement by the media cell-Harbi received by all of Iraq [where] a copy of it today that "the federal police forces and rapid response and ninth Armored Division brigade combat with Abbas had completed its goals for the first page of the third phase of the process of coming Aaninoy."
Security forces Akmt front page of the third phase of the process of coming Aaninoy. A statement by the media cell-Harbi received by all of Iraq [where] a copy of it today that "the federal police forces and rapid response and ninth Armored Division brigade combat with Abbas had completed its goals for the first page of the third phase of the process of coming Aaninoy."
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ARTICLE 4-B
Joint Special Operations Command: edit Ayman Mosul operations are going according to plan so far
Ninoy- Iraq Press - February 21: Joint Operations Command announced Tuesday that Ayman Mosul and operations since its launch order of the Prime Minister, the Commander in Chief of the Armed Forces, Haider al - Abadi, Sunday, 19.02.2017 morning, going according to plan her and it has so far edit many villages and important areas and control Alzakh and Busev power station.
And increased Brigadier General Yahya Messenger, in a statement, said the coast right differs from the left as the ancient city of Mosul and the neighborhoods where popular home to about 750,000 people and neighborhoods and alleyways which are too tight turning without wheels and mechanisms in which progress depends page to the elite forces of the Anti - device forces of terrorism The rapid reaction forces of the Federal police.
The Joint Special Operations Command, announced a summary of the editing process , the right side of the city of Mosul in the second day.
A statement by the cell media war, that " the army troops of the band armored ninth federal police and pieces of troop rapid reaction teams 3, 5 and 6 of the elite and the pieces of the popular crowd of Force - Abbas (AS) combat embarked progress toward its goals forthe Liberation of the right coast and the backing by the heroes of the Army Aviation The air force and air Alliance international and by axes. "
1. The leadership of the federal police forces axis: managed pieces of federal police and rapid response of the progress and the storming Busev fully edited with clearing buildings that have been edited and managed pieces of destroying a bomb and a motorcycle andthe seizure of a number of weapons and ammunition and to find tunnels Doaash and killed a number of terrorists
2 - axis segments Armored Division Nine: managed pieces of liberalization Alzakh village located south - west coast of the right and the liberalization of the village Alshaji cooperation with Abbas squad combat and thus cuts completed its duty liberalization targets thefirst page of the third stage and managed to destroy three wheels bomb and destroy the mortar Mffersta and blow 10 suicide vests and destroyed two motorcycles and killed a number of terrorists.
3. Abbas band (p) combat and brigade 36 ninth Band: managed pieces of liberalization village Alshaji in cooperation and coordination with the band ninth were destroyed wheels bomb and Mffersta mortar and two wheels carrying a unilateral and killed a number of terrorists, and that federal police forces and rapid response and Armored Division ninth band be Abbas combat had completed their targets assigned to them for the first page of the third phase of the process of coming Aaninoy.
Harbi media cell and added that " the federal police forces and rapid response and ninth Armored Division brigade combat with Abbas completed its goals for the first page of the third phase of the process of coming Aaninoy." Ended Bio
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ARTICLE 5
Iraqi forces are moving toward Mosul airport to free him from the grip of "Daesh" artillery shelling
Nineveh - Iraq Press - February 21: Ninawa Operations Command announced on Tuesday that the T. "Iraqi forces began to progress towards Mosul airport to free him from the control of the so - called organized Daesh."
He said Maj . Gen. Najim al - Jubouri, that "there are no yet any mention by Daesh resistance has been five wheels to regulate the burning at the hands of the army."
Meanwhile , a federal police captain Raed Shakir Jawdat, said in a statement received / Iraq - Presse / a copy of it, that "artillery federal police bombed the headquarters of Aldoaash at Mosul airport inspired flight preparation for the storm," adding, " The pieces of thefifth band / Police federal , I found a secret tunnel to the far south of the village organization (Abu Seif) that was edited on Monday. " Ended A.h
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ARTICLE 6
The law is silent Sadr initiative Ptdmnha activating achieve the fall of Mosul
2017/2/20 23:08
[Oan- Baghdad]
Committed to a coalition of state Aleghanon- limit Alan- silence of the cleric, Muqtada al-Sadr, who launched an initiative on Monday to the post-liberalization city of Mosul and consisting of 29 paragraph.
Committed to a coalition of state Aleghanon- limit Alan- silence of the cleric, Muqtada al-Sadr, who launched an initiative on Monday to the post-liberalization city of Mosul and consisting of 29 paragraph.
He declined leader of the rule of law, Muwaffaq al-Rubaie in contact telephone interview with the agency all of Iraq [where] this evening to comment after Asked about his opinion the initiative, and included activation of the investigation [Parliament] the fall of the city of Mosul, who owes Prime coalition of former Prime Minister Nuri al-Maliki events.
The leader of the Sadrist movement, Muqtada al-Sadr, subtract Monday, the initiative for the post-liberation of the city of Mosul Daesh terrorist gangs.
It included initiative "to open an international fund to support reconstruction campaign in all the affected areas, and the need to strengthen the Iraqi army and security forces exclusively to the task of keeping the land in the liberated areas and the disputed areas."
It also included "the need to open a serious and effective dialogue with the parties in Kurdistan in order to reach solutions that benefit the reality of Iraq and its people do not mind to be sponsored by the UN, and the opening of a comprehensive dialogue for national reconciliation, and the need to complete the investigation into the cause of the fall of Mosul and the massacre of Spyker and the results were announced to the public but and other issues. "
The leader of the Sadrist movement, Muqtada al-Sadr, subtract Monday, the initiative for the post-liberation of the city of Mosul Daesh terrorist gangs.
It included initiative "to open an international fund to support reconstruction campaign in all the affected areas, and the need to strengthen the Iraqi army and security forces exclusively to the task of keeping the land in the liberated areas and the disputed areas."
It also included "the need to open a serious and effective dialogue with the parties in Kurdistan in order to reach solutions that benefit the reality of Iraq and its people do not mind to be sponsored by the UN, and the opening of a comprehensive dialogue for national reconciliation, and the need to complete the investigation into the cause of the fall of Mosul and the massacre of Spyker and the results were announced to the public but and other issues. "
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ARTICLE 7
Document .. mass resignation of the Department of Cinema and Theatre for "corruption scandal"
2017/2/20 21:52
[Oan- Baghdad]
Council members made the movie theater department of the Ministry of Culture and Tourism and the Department of Antiquities, the collective resignation because of "corruption scandal".
Council members made the movie theater department of the Ministry of Culture and Tourism and the Department of Antiquities, the collective resignation because of "corruption scandal".
Council members gave their resignation to the Minister of Culture, and accused the head of the cinema department Qahtan Jalil Ibrahim] corruption in obtaining imports film Muhammad is the Messenger of Allah] [p] presented at the National Theatre contract with the Iranian company producing ".
He attributed resigned their decision to "arrival of a deadlock in the problem of supporting the budget of the department through the film and turn it into a problem Ozkmt Pfsadha noses."
He attributed resigned their decision to "arrival of a deadlock in the problem of supporting the budget of the department through the film and turn it into a problem Ozkmt Pfsadha noses."
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ARTICLE 8 .... recycled, recycled, recycled....
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