Wednesday, February 22, 2017

Word on the Street Wednesday 2/22/17










Word on the Street Wednesday 2/22/17:
Forex Rates:

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,148.6000  1,205.8000 1,149.3000 1,148.6000 1,149.3000  -0.7000 07:12
 USD/VND  22,446.0000  23,208.0000 22,450.0000 22,446.0000 22,450.0000  -4.0000 07:12
 USD/CNY  6.8787  6.8799 6.8857 6.8693 6.8831  -0.0044 07:12
 USD/KWD  0.3044  0.3064 0.3050 0.3044 0.3050  -0.0006 05:24
 GBP/USD  1.2433  1.2433 1.2507 1.2427 1.2497  -0.0065 07:12
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  13,353.0000  13,362.5000 13,369.0000 13,340.0000 13,347.0000  6.0000 07:10
DC NY Iraq Articles:

Official: Iraq needs the price of a barrel of oil of 60 dollars

Two factors one of the oil fields - the image of Reuters Arabian Eye
Direct: Iraqi Prime Minister, said that Iraq needs to up the price of a barrel of oil for $ 60, in order to fill the general budget deficit, according to the Reuters news agency.
He said Haider al-Abadi, on the sidelines of a news conference on Tuesday that the Iraqi government that depends almost entirely on oil production to fund spending since the decline in crude oil prices in 2014, according to the agency.
He explained that in 2014 took control of the organization of the Islamic state over large parts of the territory of Iraq, according to Reuters.
The agency said that Iraq is the second largest oil producer in OPEC after Saudi Arabia.
He said Iraq 's oil minister on Feb. 19 , the oil reserves rose to 153 billion barrels after it was 143 billion barrels, through the discovery of seven oil fields contributed to add 10 billion barrels.

Industry launches a number of employees of the companies ' salaries

02/21/2017   (Independent) .. The Ministry of Industry and Minerals announced the launch of the salaries of the month of January of 2017 to employees of companies (Yarmouk and Al Qadisiya and Al Qaqaa and Hittin and tiller and Hammurabi) , which has recently been attached to the Ministry of Industry and Minerals after disengage from the Ministry of Defense.
The Director General of the Department of Administration and Human Resources Diyar Khalil Abdallah , under the guidance of the Minister of Industry and Minerals Mohammed Shia 'Al Sudani and after vigorous and sustained efforts by him was obtaining the approval of the Ministry of Finance on the transfer of financial allocation for the salaries of the employees of these companies for 2017 of $ 123 billion and 763.755 million dinars from the Ministry of Defence to the Ministry of Industry and minerals.
She noted that he will be the salaries of the month of January of this year , the exchange according to the mechanism used in the last three months of 2016 , wages and that the formation of committees to oversee the distribution process of the employees of the formations associated with this ministry at the same sites that have been getting paid where a site of Alexandria, site Ibn Al Waleed, the site of Babylon , to avoid the problems surrounding the distribution process and to ensure the delivery of salaries to employees directly rather than relying on the lists may be inaccurate.
It should be noted that the Council of Ministers and Directors ' regular - fourth Session , held on 11.15.2019 decided disengagement and transfer of six companies from the Ministry of Defense to the Ministry of Industry and Minerals , with all assets and the assets, rights and Alatzamat and Associates , a (Yarmouk and Al Qadisiya and Al Qaqaa and Hittin and tiller and Hammurabi).

The Washington Institute for Trump: Iraq a better partner for the United States

Political
Since 21/02/2017 13:53 pm (Baghdad time)Follow-up - the balance of News
According to a report of the Washington Institute for Near East Policy, that the importance of the great interests between the United States and Iraq are greater than the risk of failure.
Turning his report Michael Knights, to US President Donald Trump's statement, which reiterated its argument echoed repeatedly "that the United States might have been compensated for the costs of the Iraq war if captured Iraqi oil one way or another."
And he stopped the writer also at the beginning of his report, titled "Memorandum of Trump: Iraq is far from a failure" to sign Trump six days after his statement above an executive order banning whereby the entry of Iraqi citizens into the United States for 90 days, including "thousands of translators and others Iraqis who risked their lives in the (fighting) alongside American soldiers in Iraq. "
The report spoke, in an exhibition review of the importance of Mesopotamia to the United States, that the country is "on the fourth contains the largest population density in the Middle East. If fed up with the suffering of the 23 million citizens in Syria, or if you worry about the influx of displaced people is a safe haven for terrorists inside the country , try to imagine how the situation would be much worse if it added 36 million Iraqis to the equation. "
The American researcher record also includes Iraq, "the largest oil reserves in the world's fifth, Imagine if this wealth in the hands of anti-Western regime."
And provided open memo advising the new US president, urging him on the need "to understand that American partnership -alaracah are simply fantastic deal, and if he was looking for a partner that supports American targets, but most of the costs borne by himself, you will not need to look for is Iraq over the past two years ".
And he stated that "the United States has spent directly on the Iraq war against Daesh $ 2.7 billion as a credit for military financing foreign, pointing out that this basic American contribution is in fact a loan for the purchase of US military equipment, which helps US industry and the Iraqi army alike."
The report predicted that Iraq becomes a rich "led by moderates strong economy where it can be for US companies to compete on a level playing field," he said, adding that the US engineering giant General Electric has announced the signing of a deal worth US $ 1.4 billion to develop the electricity sector in Iraq, along with a number Last, the mega deals that the United States serving in various sectors such as defense and energy ".anthy /

Mahdi Keywords: Iraq is keen to establish balanced relations with the countries of the world

In Policy February 22, 2017 0 6 A Visit
(Baghdad: SNG)
Secretary General of the Council of Ministers, Dr. Mahdi Keywords met in his office this morning, Mr. Maxim Maximov Ambassador of the Federal Republic of Russia in Iraq.
Secretary-General has welcomed his guest, stressing the desire of the Iraqi government, represented by the person of the Prime Minister to establish balanced relations characterized by positive with other countries.
Maximov said that his country is Iraq, on top of the countries that deal with the technical aspects of military support and weaponry, as well as scholarships for Iraqi students, referring to the intention of his country to help develop the Russian language school curricula in Iraq.

Iraqi refugees in Germany .. the integration of post-traumatic stress

through the territory of Macedonia and Serbia and Slovenia and Austria , and was surprised after arriving in Germany by shock and made him wonder if it was what he found worthy of selling it to his property in Iraq and parting to his family and loved him.
As was critical of his decision Sea ride and walk on his feet land of refuge for Germany, the Iraqi Lent -ovq decided what the island Nt- call what he learned army of Saddam Hussein from a quick balance between available and hoped, and decided not to back down and proceed with his plans for himself in advance, and work hard to overcome every obstacle It can stand the integration of new life's north Germans.
Khalid disagreed with this decision for thousands of his countrymen asylum seekers who returned last year voluntarily to their homeland, after their shock in Germany by contrasting what Tejeloh by the presence of comfort and prosperity and stability.
Increasing numbers 
Statistics revealed that a German official about five thousand Iraqi asylum - seeker returned to their country last year , despite the ease of access to their recognition as refugees, because ofthe length of Djarham procedures of this recognition, and the difficulty of getting a job or enroll their children in school without it .
Showed the German Central Bureau of migration data and asylum that among the 97,162 Iraqis applied for asylum in the country, 2015 and 2016, 70.2% were granted asylum in 2015, and 88.6% last year, which also saw the recognition of 29 thousand Yazidi Iraqi refugees, and allow for some thirty thousand Iraqi refugees, others bring their families in proceedings reunion asylum seekers who are to recognize them.
The limited presence of Iraqis in Germany until the mid-seventies of the last century to students studying West Germany or eastern neighbor.
Kauaihn Iraq Articles:
Trump Memo: Iraq is far from a failure "fantastic deal" (Details)
21-02-2017 01:08 PM  East News -

Report of the Washington Institute for Near East Policy , said that the importance of the great interests between the United States and Iraq are greater than the risk of failure.


And the birthplace of Michael Knights, the owner of the report to his advice by addressing the US president Donald Trump permit in January 21, echoed the argument echoed repeatedly 'that the United States might have been compensated for the Iraq war costs if seized Iraqi oil one way or another.'

And he stopped the writer also at the beginning of his report titled 'note to Trump: Iraq is far from a failure' to sign Trump six days after his statement above an executive order banning whereby the entry of Iraqi citizens into the United States for 90 days, including the 'thousands of translators and others Iraqis who risked their lives in the (fighting) alongside American soldiers in Iraq. "

The report spoke in detail about the Iranian influence in Iraq, pointing out , in an exhibition review of the importance of Mesopotamia to the United States, that the country 'contains the day 's fourth - most populous in the Middle East. If fed up with the suffering of the 23 million citizens in Syria, or if you worry about the influx of displaced people is a safe haven for terrorists inside the country, try to imagine how the situation would be much worse if it added 36 million Iraqis to the equation. "

The American researcher record also includes Iraq ' 's fifth - largest oil reserves in the world. Imagine if this wealth in the hands of anti-Western regime and supported by Iran, which in turn owns the fourth largest oil reserves in the world.

Baqir al - Zubaidi: Geneva Conference , participants sent a message to Baghdad "Palmfajkhat"

February 21, 2017 0 26 visit
The leader of the Supreme Council Baqir al-Zubaidi, said Tuesday that, common characters in the Geneva Conference sent a message to Iraq to target areas of Baghdad Palmfajkhat.
Zubaidi said in a press statement that "the refuse of the national settlement project in the interior is not worthy to be a partner in the national public affairs management and he has to bet on the foreign dignitaries that participated in the conference.."
He indicated that he "got the message in the form of Baya, who became the beloved and Sadr City, and resulted in the terrorist attacks on the tens of martyrs and wounded."
Zubaidi called "National Alliance politicians awaiting the results of the upcoming parliamentary elections and Matffersh Hakiqin representatives of the Sunni component.

Jaafari will meet representatives of international organizations to Iraq

Political
Since 21/02/2017 13:19 pm (Baghdad time)BAGHDAD - balances News
Met with Foreign Minister Ibrahim al-Jaafari, Tuesday, representatives of international organizations operating in Iraq, calling for international organizations to provide the required humanitarian services, and standing next to Iraq.
According to a Foreign Ministry statement received / balances News / copy of it, that "the Foreign Minister discussed during the meeting humanitarian and security situation experienced by Iraq in light of the war against Daesh gangs and terrorist efforts of the Iraqi government and international organizations in providing the necessary supplies to areas experiencing military confrontations," he pointed out that "the Iraqis have demonstrated their courage and strength Pantsarathm they earn against terrorism which threatens all of humanity, but some media are trying to distort the facts and tarnish the image of the heroes of fighters who sacrifice their blood to protect innocent civilians and to free them from the grip of terrorists Daesh, adding that the people of the liberated areas in various cities Iraqi greet Iraqi forces are welcome and express their joy liberation of their land and this is evidence of humanity of these forces. "
And cross-Jaafari, according to the statement, "the thanks and appreciation of Iraq's efforts and aid provided by humanitarian organizations to the Iraqi people in various fields," explaining that "Iraq is a country rich with riches and has the ingredients advancement but passes exceptional circumstances Setjaozha the elimination of terrorism and achieving security and stability and economic development with the help of friendly countries." .
He pointed out that "international organizations have a responsibility to provide the required humanitarian services and have to prove their humanity and standing up for the people that face terrorist challenges, and make more efforts and support of the United Nations programs in support of stability, development and the provision of medical supplies by the World Health Organization and attention chip children and women and the adoption of programs that address the effects of the war, while calling on UNESCO and other organizations to promote responsible for the rehabilitation of the marshes and archaeological areas areas. "
As a student, Organization (FAO) Food and Agriculture to contribute in addressing agricultural problems and reclamation of land mines and the disarmament of the liberated areas, "stressing" the need for the countries of the world and international organizations to contribute to the adoption of the reconstruction of infrastructure in Iraq, a project along the lines of the Marshall Plan, which helped Germany to build. "
For their part, through the representatives of international organizations for "high appreciation for the sacrifices of Iraqis have provided in their war against terrorism, presenters condolences to the families of the martyrs and praise on the human performance of the Iraqi armed forces in various different forms and discipline humanitarian message that brought it the security forces," stressing that "what the Iraqi army Pfsailh all an example because he is one of the armies that works to protect the citizens. "
And between representatives of international organizations that they are working with Iraq to provide all services for the return of displaced people to their home areas, especially as the Iraqi forces are fighting on behalf of the whole world and the whole world must be solidarity with Alarac.anthy / 29

Canadian Minister for International Development to visit Baghdad tomorrow

February 21, 2017 0 12 visit
{Baghdad: SNG} visiting Minister of International Development and Frenkforneh, Marie-Claude Bebo, the capital of Baghdad on Wednesday.
A statement by the Iraqi Ministry of Planning Agency {SNG} received a copy of it, that "the planning minister, Salman al-Jumaili, meets on Wednesday at ten o'clock in the morning and Canadian Minister of International Development at the ministry's headquarters to discuss the development of joint bilateral relations in economic, trade and investment fields."
He pointed out that "the meeting will be followed by a joint press conference between the two ministers.

 

KRG contracts with Russia to buy the oil company

Tuesday February 21, 2017 time 13:04 pm BAGHDAD / Sky Press
It signed the Kurdistan Regional Government, on Tuesday, an agreement with Russia's Rosneft company on the purchase of oil region for a period of three years and transferred to oil refineries in different regions of the world.
The executive director of a major Russian oil companies, said that "the Kurdistan oil transported to refineries will raise the company's capabilities."
The agreement was signed between the provincial government and Rosneft in London during the weekly conference of oil. "
Kauaihn Economic Times:d


GLOBAL/ NEWS/ INFO


Opinion: Inside the global elite’s bag of financial tricks
MarketWatch
Financial engineering, easy money masks global economy’s precarious health, writes Satyajit Das. Read the full story


TransferWise now lets you send money abroad using a Facebook message
Business Insider
TransferWise founders Kristo Kaarmann, right, and Taavet Hinrikus. NEW YORK (Reuters) - Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook's chat application, as competition in the digital payments landscape intensifies. The London-based startup said on Tuesday that it had developed a Facebook Messenger "chatbot", or an automated program that can help users communicate with businesses and carry out tasks such as online Read the full story


OIL/COMMODITIES / ENERGY


Worlds biggest miner BHP Billiton boosts interim dividend on commodities surge
The world's biggest miner reported a near eight-fold rise in underlying first-half net profit to $3.24 billion from $412 million a year earlier.

Bullish analysts call for crude oil to hit $70 by year end but elsewhere skepticism grows
Crude oil prices could shoot up to $70 a barrel by the end of 2017 as supply and demand levels continue to rebalance in coming months, say Citi analysts.

Higher dollar pressures gold, uncertainty supports
Gold fell on Tuesday as reinforced expectations of an increase to U.S. interest rates next month pushed the dollar higher.


Gold knocked lower as dollar strengthens
MarketWatch
Gold prices tumbled Tuesday as the dollar rose on expectations for a potential U.S. interest-rate hike sooner versus later. Read the full story



BANKS / BANKING

Trump-related uncertainty has central banks bracing for economic upheaval
MarketWatch
Like the old saying goes: ‘When America sneezes, the world catches a cold.’ Read the full story


Wells Fargo fund business on the defensive amid sales scandal
Reuters
When a scandal over unauthorized accounts rocked Wells Fargo & Co's retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business. Read the full story

Citigroup agrees to pay $5.4 million fine to settle rand collusion case
Livemint
Johannesburg: Citigroup Inc. agreed to pay a penalty of almost 70 million rand ($5.4 million) to settle a South African antitrust investigation that said the US bank participated in an alleged cartel to manipulate the value of the rand. Read the full story


SBP warns banks over US notes crisis
Dawn
KARACHI: The State Bank has warned banks to either accept all kinds of US dollars (old and smaller denominations) or face penalty while assuring them of accepting such notes. A meeting attended by representatives of about 30 banks and foreign exchange companies was held at the State Bank to find a solution to the problem of not accepting the old US dollar currency notes or offering reduced prices for the same by currency dealers. The issue hit millions of Pakistanis who suffer losses in the Read the full story




TREASURIES/ BONDS/ STOCKS


Wall Street points to modest gains as bullish February continues
The Dow, Nasdaq, and S&P 500 on Friday look to gains after the holiday weekend as Wall Street eyes a cavalcade of earnings reports.

US Treasurys edge lower ahead of 2-year note auction
U.S. government debt prices were lower on Tuesday as investors eyed fresh economic data after President's Day.


Europe stocks higher after strong euro zone data; banks weigh as HSBC sinks 6.6%
European markets were slightly higher in lunchtime trade Tuesday as investors focused on company earnings and fresh economic data.

Asia markets mixed as some investors expect the 'Trump trade' to continue

Asia markets traded mixed, while South Korean shares hit highs not seen since mid-2015 during the Tuesday session.



CURRENCIES

Dollar rises after Fed comments signal rate hike sooner versus later
MarketWatch
The dollar gained against its rival currencies Tuesday, as comments from a Federal Reserve official drove up U.S. Treasury yields and with them, demand for the U.S. currency. Read the full story


Hints of March rate rise drive dollar higher
The dollar rose broadly on Tuesday after two Fed policymakers pointed to the potential for US interest rates to rise next month.


Asian stocks steady, euro pressured by looming French election
The Globe and Mail
Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday Read the full story


New Zealand dollar unchanged
Inside Retail New Zealand
The New Zealand dollar is little changed with little impetus with the United States on holiday, and may decline if dairy prices fall at the GlobalDairyTrade auction and expectations firm for interest rate hikes by the Federal Reserve. The kiwi traded at US71.82 cents as at 0800 on Tuesday in Wellington from US71.75c late Monday. The trade-weighted index was at 78.22 from 78.15. Fed chair Janet Yellen has indicated a rate hike could come as soon as next month and the market is awaiting the Read the full story


Bitcoin soars above $1,100
Business Insider
A Bitcoin sign is seen in a window in Toronto. Bitcoin has broken out to its best levels since the beginning of the year as overnight buying has the cryptocurrency higher by 4% at $1,101.70 per coin. Tuesday's advance marks bitcoin's eighth straight gain and has run action above the $1,100 mark for the first time since January 5. A move above $1,161.85 will have bitcoin trading at its best level since November 2013. The eight-day winning streak comes amid investor speculation the Securities and Read the full story



USA
Powerball jackpot soars to $403 million
USA TODAY
The one-time cash option was estimated at $243.9 million. Read the full story




EMERGING MARKETS


Mexican retaliation could hurt corn farmers
USA TODAY
A Mexican senator is proposing to switch the country's corn purchases from the U.S. to South America Read the full story


Mexico central bank faces 'complex environment': Diaz de Leon
Reuters
Mexico's central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday. Read the full story




MIDDLE EAST
 Israel Prime Minister Netanyahu: We are pivoting toward Asia

During a visit to Singapore, Israel Prime Minister Benjamin Netanyahu said on Monday that his country was pursuing greater ties across Asia.


Oil rises as OPEC aims for deeper output cuts
Oil rose on Tuesday after exchange data showed hedge funds placing record bets on North Sea and U.S. crude as OPEC production cuts tightened supply.


GCC non-oil sector showing recovery signs - Report
Mubasher
Mubasher: Non-oil sectors in Saudi Arabia and the United Arab Emirates (UAE), the two largest economies in the Gulf region, are starting to recover from their slumps in early 2016, Capital Economics said in a recent report. Both countries have … Read the full story


Saudi Real Estate annual profits down on financing fees
Mubasher
Riyadh - Mubasher: Saudi Real Estate Company announced that annual net profits declined by 41.42% in 2016, totalling SAR 86.48 million ($23 million) compared to SAR 147.62 million ($39.37 million) in 2015. The decline in net profit is due to … Read the full story




AFRICA


CBN moves to ease forex scarcity at nation’s airports
The Guardian Nigeria
CBN building• Orders all banks to open kiosks • Sells through them at N366.3 per dollar The Central Bank of Nigeria (CBN) yesterday ordered all banks to open foreign exchange (forex) kiosks at major airports and approved outlets.The order was issued barely 24 hours after The Guardian exclusively reported that passengers were stranded at the international airports on account of dollar scarcity. The move is to ease acute forex scarcity and reduce the wide gap between the official and parallel Read the full story




11 benefits Nigerians could enjoy from CBN’s new FOREX policy
Premium Times
The policy is to ease the difficulties Nigerians encounter in funding foreign exchange transactions. Read the full story




ASIA


Beijing banned North Korean coal, and traders are scrambling
A surprise announcement from Beijing last weekend that it had banned coal imports from North Korea is causing a fracas in China’s coal market.


India on collision course with EU over trade treaty
Livemint
New Delhi: As India’s 31 March deadline to unilaterally terminate all existing investment treaties with partner countries draws closer, New Delhi is likely to reject an offer from the European Union (EU) to start negotiations for a stand-alone bilateral investment treaty (BIT) while negotiations for the comprehensive bilateral trade and investment agreement (BTIA) remain in limbo. Read the full story



Japan's manufacturing sector hasn't looked this good in years
Business Insider
Japan's manufacturing sector enjoyed another strong month in February with activity levels improving at the fastest pace in nearly three years. The Nikkei-IHS Markit "flash" manufacturing purchasing managers index (PMI) rose to 53.5 in February, above the 52.7 level of January and the highest level since March 2014. The PMI measures changes in activity levels across Japan's manufacturing sector from one month to the next. A reading of 50 is deemed neutral, with anything above this figure Read the full story


China is appealing to the US to avoid a 'trade war'
Business Insider
Chinese Commerce Minister Gao Hucheng speaks at a press conference during the National People's Congress in Beijing, Saturday, March 7, 2015. BEIJING (AP) - China's commerce minister has appealed to Washington to negotiate disputes with Beijing and avoid a "trade war" that he warned would hurt both sides. Gao Hucheng, responding to a question about President Donald Trump's promise to raise taxes on Chinese imports, said at a news conference Tuesday the two governments should work together to Read the full story



Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday, Feb 22, 2017 did not update on the indicative rates and the last date shown is 01/04/2017.
The currency auction is 161,244,975
There are one news and announcements for Wednesday, Feb 22, 2017 as follows:
To / licensed banks all (members of the departments of banks and Council)
02/22/2017
ISX Update:



Value Traded
1,528,991,661
Shares Traded
1,588,851,045
ISX ended in Green

Rasheed Bank proceed to activate the electronic government citizen service

In the economy February 22, 2017 0 3 Visit
(Baghdad: SNG)
Rasheed Bank began activating the government's electronic service of the citizen complaints of citizens based on the directives of the General Secretariat of the Council of Ministers.
A statement of the bank explained that the service will allow the citizen easier to communicate with the bank through a private e-mail address to receive complaints, noting that the complaints will be sent to the relevant departments and answered cut the time specified and then sent to the citizen through his e-mail or phone number.
Kauaihn Chatter:
2-22-2017   Newshound Guru firefly   Article:  "Include the introduction of modern irrigation systems"  Quote:  "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil.  Agriculture is as great an ASSET as is oil and gold.  Iraq is following the IMF requirements to the TEE.

2-22-2017   Newshound Guru Kaperoni
    ...measures need to be in place for the success of the transition from a fixed rate to a float.  Just exactly to what extent is yet to be seen.  That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar.  Just the exposure alone to the world financial system should be enough to create some upward movement in the value. 
2-21-2017   Intel Guru RayRen98   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.

2-21-2017   Newshound Guru Aggiedad77
   Article:  "The Washington Institute for Trump: Iraq a better partner for the United States"  How many different ways can you spell DEALS...the US is saying that Iraq is a better partner...really...  Remember Iraq was given the cold shoulder by many...but now has become a key player and hot potato IMO...it goes on to say that Iraq will become rich...wealthy...and US companies will help level the playing field for them...Time is Up......the BEST is coming.

2-21-2017   Newshound Guru Kaperoni   Article:  "Raise the price of the Iraqi dinar to the fore again"   Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over.  The good news is they say they expect it to start once ISIL is gone.  Quote:  "The government is expected to return to the project itself after the end of military operations."

2-21-2017   Intel Guru RayRen98   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.

2-21-2017   Newshound Guru tlar   [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?]  Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens.   ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq. 

2-21-2017   Newshound/Intel Guru BGG   "Headline: Securities recorded an increase of 308% in the number of shares traded last week"  (that would be for the ISX)...and 130.7% the week before...it would appear the "chunky money" and investors are feeling more and more secure in their own market place BY THE DAY!  [That's a week over week volume increase.]   They know what's coming. I just hope they leave a little meat on the bone for us.  It just shows the mood of the private investor - which is good for us...They aren't complaining about the "worthlessness of their currency" - they are slingin' that stuff around like a fat kid chasing ice cream cones!

2-21-2017  Newshound Guru Aggiedad77   Article:  "Iraq discuss with the launch of the International Monetary Fund for a new batch of loan"  Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.

2-21-2017   Intel Guru Frank26   Mosul = stability / security for ALL of the Middle East AND Europe!  DEALS outside of Iraq with the UK...with China...they are willing to play fair with their currencies.  DEALS with Vietnam....Wait...didn’t Obama put sanctions on Vietnam? Yes...Vietnam sanctions...are only on their currency. They got caught just like China for manipulating their rate... But those sanctions ...in about 2 weeks are going to be lifted!  Their revaluations...will not be like Iraq...IMO...smaller increments...in about 6 phases DEALS are being made...while the value of the IQD is low…with countries who are waiting for the IQD to come out.  DEALS...whatever you want to call them...was slipped into the formula for the release date of the RV of the IQD.  Something is up...because TIME IS UP.  All we are doing is waiting for the rate to go up.   [post 3 of 3]

2-21-2017   Intel Guru Frank26    Trump says to Abadi...“go to Germany...talk to those in the long-line...tell them to invest in your country...Tell you citizens that the “full assault” on Mosul will begin this Sunday.”  Seven...American bases in Iraq...we (USA) are not going anywhere!  This is the beginning to the end of ALL OF MOSUL...and IMO...in ABOUT 2 weeks...it could be less...!  Mosul is being completed at a much faster pace!  This is the FULL-ON ASSAULT for the MR [Monetary Reform] Is it Iraq’s choice to wait for Mosul for the RV?  No…It’s not Iraq’s choice.  We (USA) are not the only players in Iraq.  IMF, UN, BIS, WB, etc.   Iraq has its feet being held to the fire by those involved in the MR.  [post 2 of 3....stay tuned]

2-21-2017   Intel Guru Frank26   On the early dawn on Sunday, something dramatic happened for our investment.  DEALS are going on...happening so fast...Out of nowhere...all of these countries want to MAKE DEALS.  Security and stability is really the key all over the world right now...and it all starts in IRAQ.  If people want to make DEALS...to include China and North Korea...so that things are FAIR...that is astonishing.  DEALS are being made for everyone that’s in the LONG-LINE...those that want to play on an even playing field...equal and fair trade.  TIME IS UP! And that’s why we have DEALS that are being made.  DEALS will fatten Iraq’s reserves...fuel their future.  IMO ...over the weekend...these DEALS were triggered off...all from a phone call.  The call...Trump to Abadi.  A NEW DEAL was born. And that’s probably why we haven’t see the MR yet.  Trump is a master negotiator...and as a holder of IQD...you should be thrilled about that!   [post 1 of 3....stay tuned]

2-21-2017   Newshound Guru firefly   I don't have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice.  And... IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST.  Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.

2-21-2017   Newshound Guru loop   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."   Huge step forward to open the doors to the wall of Investors.  IT's right out of article 22 of the Investment Law.  Article 22:  The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.

2-21-2017  Newshound Guru Aggiedad77   Article:   "Keywords: cash reserve is reassuring for the next five years"  Quote:  " ...it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years."   Why would Iraq's Central Bank Reserves be considered by not only themselves but the IMF for the next five years...may I say "deal"... because of what has been agreed upon that perhaps we do not yet see...But what you do see is perhaps not all of the picture...remember boatloads of money coming into Iraq a short while ago...many things doubled...oh but that was a tip of the iceberg...IMO the IMF and others can see the full iceberg and no it is not global warming that is shrinking anything...it is global agreements that in fact are growing the iceberg...and that growth will soon stimulate an explosion that will catch our world as we know it in a shocking but oh so positive surprise...Wait for it...for IMO...the BEST is coming...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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 a delegation from the US Congress, February 21, 2017

Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Tuesday with a delegation from the US Congress.
The delegation included Mr. Joe Wilson, a member of the US Congress from the Republican Party member of the Armed Services Committee, and Ms. Claudia Tenney for the GOP member of the Finance Committee, and Mr. Donald Norchos on the Armed Services Committee and the Committee on Education and the Workforce, and Mr. Steve Knight Democratic Party for the GOP member of the Senate Armed Services Committee.
During the meeting, they discussed the course of editing the right side of the connector operations and strengthen bilateral relations and international support for Iraq and the US in the fight against terrorism.
The delegation emphasized continued US support for Iraq in all fields, expressing his admiration for the significant progress of the capabilities of the Iraqi forces in the fight against gangs Daesh.

Information Office of the Prime Minister
February 21, 2017

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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)

Cabinet held its regular meeting under the chairmanship of Prime Minister Dr. Haidar Abadi, February 21, 2017

The cabinet held its regular Tuesday, February 21, 2017, headed by Dr. Haider al-Abadi.
Council of Ministers and Park starting to edit the right side of the connector operations and victories achieved in the early hours of the launch was a presentation on the conduct of operations were also discussed a report on the humanitarian side and sheltering the displaced and the provision of food.
It was also a presentation on the results of the Munich conference of international security and openness on Iraq and what has been achieved in the areas of intelligence, economy, trade, investment and other security.
The cabinet voted to exempt the Ministry of Municipalities and the Municipality of Baghdad from the private Cabinet decision to protect the national product in terms of chlorine up to June 30, 2017.
The face of the cabinet by the disarmament of militias and the Department audited the presence of members of the Awakening in the participating teams have areas and the transfer of employees of the Awakening Who's really to the security services or the same body the popular crowd and their customizations complete solution department no later than October 31 2017.
With regard to the payment of dues equipped with dry gas, it has been adopting a recommendation of the Committee on Economic Affairs to postpone the public treasury to claim a share of the profits accruing to the company's oil pipelines and be repaid the amount received by the Petrochemical Industries Company.
As it has been the approval of the draft amendment to the Civil Service Act proposed by the Council of Ministers and verified by the State and send it to the House of Representatives.
There was discussion of sale system and rent properties and state lands and the public sector project for the purposes of investment and leasing them was guidance to reconsider the project and hold a workshop with a number of actual investors to develop the mechanisms of successful and encouraging investment.
As it has been approved to authorize the Minister of Finance to sign the Swedish loan of 500 million euros to finance the Ministry of Electricity projects.
Were presented their findings support international stability group agreed on 54 projects for the rehabilitation of water and electricity, health, education and service projects in the liberated areas and guidance regardless employees who joined the work in the liberated areasimmediately unless indicate towards them security issues and speeding secured the return of displaced people from the camps to the left side of the salaries.
With regard to lifting the ban on Iraqi stadiums were eighth Council of Ministers, the President and members of the International Federation of Football initiative (FIFA) to send a commission examining the stadiums in the three governorates (Basra, Karbala, Arbil) and the Board wishes a final decision to lift the ban on Iraqi stadiums as soon as.
And advanced cabinet thanks and appreciation for sports ministries and institutions, local governments and all those who contributed to the success of the visit of the Committee of FIFA to Iraq.
The Council affirms the continuity of support and backing of the Ministry of Youth and Sports and the Olympic Committee and the Iraqi Paralympics Committee and the Football Association for the development of sports in order to ensure the application of international standards and reception teams, teams and sports audience from all over the world.
He called on the Council of Ministers, ministries and local governments to implement all international standards and to provide the appropriate conditions inside and outside the sports ground in Iraq to receive the teams and sports teams and fans and calls for the private sector's biggest and active participation to invest in sports and tourism-related project to lift the ban and set up tournaments and international sports festivals, Asian and Arab role.

Information Office of the Prime Minister
February 21, 2017

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ARTICLE 2

February 21, 2017-2:04 pm (posted by Elmer)
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."

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ARTICLE 3

Masum al-Maliki and underline the importance of strengthening victories against Daesh

2017/2/21 20:07
[Where-Baghdad] 
Fuad Masum, the president and his deputy, Nouri al-Maliki stressed the importance of strengthening the heroic victories of our armed forces on Daesh gangs. 
According to a presidential statement received by all of Iraq [where] a copy of it today that "the president Fuad Masum, received at the Peace Palace in Baghdad on Tuesday morning, Vice President Nuri al-Maliki and discussed with him the security, political and international developments." 
He added, "It was also during the meeting they discussed the upcoming elections file, reconciliation and developments at the regional and international levels, and it was emphasized the importance of strengthening the heroic victories of our armed forces on Daesh terrorist gangs and support in all areas."
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ARTICLE 4

Abadi: World leaders described Victories Iraq Daesh over a short period of miracle

2017/2/21 18:44
No article...just headline and pix of PM Abadi.

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ARTICLE 5

Launch page six of the crowd in western Mosul, and control of the village

2017/2/22 10:08
[Oan- Baghdad] 
Authority announced the popular crowd at dawn today launching the first stage of page six of western Mosul operations and embarked on the progress towards the villages southwest of Tal Afar.
According to a statement to inform the crowd Thblguet agency all of Iraq [where] a copy of it, that "the popular crowd forces blew up a car bomb on the outskirts of the village of Ein Talaoa, as the dawn of the Army Aviation and on the basis of intelligence buildup Information detonated three car bombs on the outskirts of the village." 
He added, "The crowd folk / Brigade 45 forces arrived to the outskirts of the village of Sharia, west of Mosul, also flattened missile forces have pounded the nests Daesh elements within the village of Ein Talaoa." 
The statement pointed out that "the popular crowd forces / 11 Brigade detonated a car bomb on the outskirts of the eye Talaoa Alkornett weapon, sniper and killed on the outskirts of the village." 
And it dominated the popular crowd / Brigade 10 "on the village of Destructive Aljehah and killed a number of snipers who were stationed in some of the houses within the village."
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ARTICLE 6

Pentagon unveils plan to accelerate the pace of the battle in Iraq

2017/2/22 11:58
[Mtabah- where] 
It revealed the US Department of Defense [Pentagon] its intention to submit a plan to accelerate the pace of the fight in Iraq against Daesh.
A Pentagon spokesman, Capt. Jeff Davis, on Tuesday told reporters that "the ministry will submit to the White House next week a preliminary plan to accelerate the fight against Daesh]." 
He added, "The plan will not address the existence of [Daesh in Iraq and Syria, but also in other areas where the afternoon." 
He pointed to Davis, "The Iraqi forces have regained more than 125 square kilometers of Daesh] on Sunday," which was launched by the right side editing operations to the city of Mosul since.
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ARTICLE 7

Financial Times: East of Mosul, the editor hopes the future as the organization after Daesh


Nineveh-Iraq Press -22 February: Financial Times newspaper published an article by Erika Solomon of Mosul entitled "east of Mosul , the editor hopes the future as the organization after Daesh."
Solomon says that the words "Salon" is the only description for this little hairdresser in eastern Mosul Store.
But the image of a woman with a smile on its face , that distinguish it from the rest of the shops in the street, with covered faces of women on the poster paint, which is what his successor organization Daesh in the second part of Iraq 's cities.
Solomon says that this simple propaganda situation was extremely bold step of serenity, a first lady who runs a beauty salon re - opened in Mosul after the restoration of Iraqi forces to control the east of Mosul last month.
He adds that it symbolizes the citizens ' attempts to return to normal conditions, where the regulation would prevent portray faces at all.
She says that over the three years was Mosul captive hardline interpretations, where were forced to wear black clothes and niqab while men were forced to come below the ankle beards and wearing wide trousers and short, and prevented the hairdressing and beauty salons altogether.
Safa and talked to the newspaper while she arranges rows of colors of nail polish, and when he rang the door of her small shop, I felt a lot of happiness, but also with some trepidation.
She added clarity to the newspaper "saloon may be a target for insurgents: bombs, a suicide bomber, who knows."
" I will not deny that I feel scared now than ever before. Previously I was working in secret, but I am now working openly and vulnerable to everything that happens. "
Solomon says that eastern Mosul recovering surgeon sentenced organize Daesh and fierce battles fought by Iraqi forces to restore the city.
It adds that the streets of eastern Mosul , filled with rubble and debris that refers only battles in the city, but this is not the main concern for the civilian population, the greatest understanding is the security situation in the east of the city after Tharirha.anthy (1)

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Note:

The IMF has just released a 43-page document titled "Ensuring Financial Stability in Countries with Islamic Banking" (publication date listed as February 21, 2017, but date shown on first page of document is January 5, 2017....just something that makes me go "hmmmm").

Islamic banking (IB) continues to grow rapidly, in size and complexity, posing a challenge to supervisory authorities and central banks. While accounting for a small share of global financial assets, IB has established a presence in more than 60 countries and has become systemically important in 14 jurisdictions. 

You can read the report for yourself on the IMF website: www.imf.org.


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