Monday, March 6, 2017

Word on the Street Monday 3/6/17

Word on the Street Monday 3/6/17


Word on the Street Monday 3/6/17:
Forex Rates:

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,138.6000  1,195.2000 1,138.6000 1,138.6000 1,138.6000  0.0000 20:01
 USD/VND  22,800.0000  22,810.0000 22,800.0000 22,308.0000 22,308.0000  492.0000 04:15
 USD/CNY  6.8949  6.8962 6.9018 6.8405 6.9018  -0.0069 05:05
 USD/KWD  0.3050  0.3060 0.3051 0.3050 0.3051  0.0000 02:50
 GBP/USD  1.2262  1.2267 1.2295 1.2258 1.2289  -0.0027 05:05
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  13,340.0000  13,357.0000 13,365.0000 13,285.0000 13,286.0000  54.0000 05:00
DC NY Iraq Articles:

Trump ban on travel to the United States excludes Iraq and lasts 90 days.  Trump issued a decision to exclude Iraq from the decision to travel ban

Political  Since 06/03/2017 14:10 (Baghdad time)

Truckers who walks the road of the Council of Diyala protest against the corruption of customs
History of edits:: 2017/3/5 11:46 • 76 visits readable
{Diyala: Euphrates News} demonstrators from the road truck drivers cut the president leading to the Diyala provincial council building Baquba city center.
A correspondent and Euphrates News Agency {} "The demonstrators held up banners protesting the financial and administrative corruption in Customs Baghdad outlets."
The security forces protected the demonstrators in the provincial council held an emergency meeting to discuss the demands of the demonstrators and the corruption of customs.
The Diyala provincial council, decided last Thursday, cancel the parking trucks in Customs control yellowish, for witnessing of administrative corruption and extortion Mala.anth

An invitation to investigate the complicity of its adherents for electricity generators to increase the eligibility cutting hours

History of edits:: 2017/3/5 8:53 • 121 visits readable
{Baghdad: Euphrates News} deputy warned the complicity of some weak souls in circles with some control electricity generator owners and agreed with them to increase the hours of cutting to force citizens to participate in their generators.
High Nassif said in a statement reported by its press office received by the agency {Euphrates News} a copy of it, that "Iraq fighting a war against Daesh and going through financial hardship and exceptional circumstances, and these circumstances require concerted everyone and promote the spirit of citizenship and humanitarian deal for the transit of these crises, however, some weak people are taking advantage of these crises to satisfy their greed illegally at the expense of the poor, and these are not different from Aldoaash in Agramhm. "
She added that "a number of areas of Baghdad is witnessing a strange phenomenon is to increase the hours of power cuts at the beginning of the month and end up in the temperate months to recite the tashahhud strain on the electricity system, and thus forced the people to participate in the private generators, as signs of collusion and clear by some employees of the electricity generators with the owners. "
It showed that "any member of the electricity found to be involved in this immoral and inhuman practices will be named in the media will not suffice sentenced him through administrative procedures, but we will demand the prosecution of those to be an example to others," calling for the Minister of Electricity to "conduct an investigation into this issue more and take down sanctions against corrupt ".anthy

Opening Baghdad exhibition of security, defense and military industries

History of edits:: 2017/3/5 11:30 • 105 visits readable
{Baghdad: Euphrates News} opened on Sunday morning, the sixth edition of the International Security and Defense and the Iraqi military industries on the land of the Baghdad International Fair.
The exhibition was held under the construction of advanced defense capabilities logo build an internal security of a stable achieved peace and security, support and outsourcing from the ministries of defense, interior, which is organized by the company for exhibitions and international conferences and in coordination with the Iraqi State Company, which lasts for three days.
He participated Interior Minister Qassim al-Araji, the army chief of staff Lt. Gen. Othman first Ghanimi and senior commanders and officers within the ministries of defense and air force as well as a representative of the presidency Wazzra.anth

North Korea fired four rockets, three of which hit the coasts of Japan

History of edits:: 2017/3/6 8:50 • 87 visits readable
{Follow: Euphrates News} A slew of Trustees of the Japanese Cabinet Yoshihedy Suga, on Monday, he told reporters that North Korea fired four missiles, 3 of which fell into special economic zones in Japan.
The Japanese defense minister Tomomi Aenada The rockets fired by North Korea, which fell to 300 km from the northwest coast of Japan.
She Aenada, that three of these rockets landed within the economic zone of Japan within between 300 kilometers and 350 kilometers.
According have not been reported and damage as a result of North Korea's firing of these missiles.
The South Korean military said time earlier today that North Korea launched in the early hours of Monday morning local time projectile did not know the nature of Toizhang-ri, where the base of the missile area, and came, according to Yonhap, South Korea.
The army said the projectiles fell into the sea off the east coast of North Korea.
The leap agency Yonhap Joint Chiefs of Staff of the Army of South Korea: "Today at 07:36 local time North Korea fired extruded Unknown toward the Sea of ​​Japan near Toizhang-ray region."
It is noteworthy that North Korea has threatened to take "strong retaliatory action" after South Korea and the United States began joint military exercises on Wednesday to test the defensive readiness against any possible aggression by North Korea.
North Korea has criticized these annual exercises, calling it ready for a war against it.
Said Hwang Kyu-Anne, acting head of South Korea today that Seoul must be completed quickly deployment of US defensive anti-missile system after North Korea fired four missiles.
US officials said on condition of anonymity that the United States does not see what is so far indicates that North Korea tested a missile intercontinental ballistic missile in the latest operations to launch the missiles.y
Kauaihn Iraq Articles:

Lebanese Defense Minister: the target of a terrorist attack is not only Iraq but the entire region

History of edits:: 2017/3/5 13:36 • 63 visits readable
{Baghdad} Euphrates News confirmed Lebanese Defense Minister Ali Bandar Abbas al-Amiri said the target of a terrorist attack is not only Iraq but the entire region.
A statement by the Foreign Ministry and the agency {Euphrates News} received a copy of it today that "Iraqi Ambassador to Lebanon Ali Abbas Bandar Ameri Lebanese Defense Minister Yacoub Sarraf in the ministry building in the capital Beirut, the two sides discussed during the bilateral relations and ways of enhancing them in various fields to serve the interests of the two brotherly peoples. "
"The Ambassador reviewed the victories achieved by the armed forces and the crowd and folk Peshmerga and the sons of the tribes in the liberation of Mosul operations on terrorist Daesh gangs, he praised the role of human armed forces in relief and help displaced people there," stressing the "cooperation and cohesion heroic between our armed forces and citizens in the liberated areas through welcome to the armed forces and cooperation in providing the necessary information to facilitate the movement of military units and the elimination of terrorist groups. "
He said Ali Abbas Bandar al-Amiri to "convinced Iraq's government and the army and the people that thought the terrorist obscurantist does not belong to a religion or sect or doctrine, and it is far from humanitarian and cultural values, and that the goals of terrorist groups not to undermine the only Iraq, but the Nile from all that is related to humanity and Islam onion in different countries.
For his part, the Lebanese defense minister expressed his conviction that "the target of this terrorist attack is not only Iraq but the entire region, and enjoys the benefits of diversity and openness and coexistence between different social components, and that it seeks to achieve the forces of terrorism is everyone's target, without exception, whether Christians or Muslims and others in all countries, "he is stressing that" what happened in Nineveh when entering Daesh terrorist is not the target of man, religion and civilization, but it also was an act against the will of God Almighty. "
He commended Yacoub Sarraf cohesion between the Iraqi people and its armed forces in all its different forms, and that was the real reason behind the victories that have been achieved, praising the "step legislation Popular Mobilization Forces Law to take advantage of all the resources of the country to win the expeditious" .an

Britain funded projects in Iraq worth 10 billion pounds

History of edits:: 2017/3/5 14:41 • 30 visits readable
{Baghdad: Euphrates News} signed the Iraqi and British governments, on Sunday, a memorandum of understanding under which the latter provide a loan of 10 billion pounds {more} $ 12 billion to finance projects in Iraq.
The Minister of Finance Agency Essa Abdul Razak told a news briefing on the sidelines of the signing with the British ambassador in Iraq, Frank Baker in Baghdad, said that "the government is going towards the implementation of investment projects with international partners from private companies sober and not state-owned companies."
Iraq fought last July, a round of negotiations with Britain to obtain the consent lent 10 billion pounds, to support infrastructure projects.
Al-Issa said that "the current financial crisis plaguing the country, prompted the government to move toward a partnership with the local and foreign private sector, for the completion of investment projects in Baghdad and the provinces that have stopped because of the crisis."
On July 26 last, the Cabinet decided to approve the walk in the procedures of the loan agreement with the British government in the amount of 10 billion pounds.
A spokesman for the Ministry of Planning and Development Cooperation, Abdul-Zahra al-Hindawi, said that "the ministry has worked over the past months to develop frameworks and mechanisms governing the partnership with the private sector, which managed to create a favorable environment for real investment."
He revealed Hindawi, "about the presence of" more than 4 thousand continuous investment project, it is possible to be part of a future partnership with the private sector, foreign projects, ".anthy
th

Iraq and Sweden to sign a joint venture agreement in the field of development in the next summer

History of edits:: 2017/3/5 13:16 • 81 visits readable
{BAGHDAD: Iraq's Euphrates News} and Sweden signed in the summer on a joint cooperation agreement in the field of development.
And research and planning minister Salman Jumaili in his office at the ministry in Baghdad on Sunday with Minister of International Cooperation for Development and Climate and deputy Swedish Prime Minister Isabella Leuven prospects of joint cooperation between the two countries in several areas, as well as the reconstruction and stability of the liberated areas file.
The Minister of Planning at the joint press conference held after the meeting, at a depth of distinguished bilateral relations between the two countries.
He Jumaili "Sweden has provided a lot of support for the training of security forces and implementing many programs over the years after 2003 in the provinces and ministries, as well as grants provided by Iraq."
He pointed out that "there is a plan for the continuation of cooperation with Sweden through support new and grants for post Daesh in order to restore stability and reconstruction and national reconciliation."
He continued, "During the meeting we reviewed the priorities adopted by the ministry both in the next five-year national development plan in line with the objectives of the international community in achieving the seventeen goals of sustainable development and with respect to alternative energy and climate agreement."
The Minister of Planning said, "Development Minister briefed the meeting on the ministry and the government plans to address the effects of Daesh particularly with regard to the achievement of justice for those who attacked the women, as well as the perpetrators of crimes in the period was Daesh controls some towns."
And eighth-Jumaili Swedish government's efforts for its ongoing support for Iraq, "pointing out that" there is development cooperation between the two countries, "noting that" the Iraqi side completed all the procedures related to the signing of the Joint Convention and pending the Swedish side the approval and which will hopefully be signed during the next summer, "he stressing said" We are proud that the international community collaborator with Iraq and supporting him in his war against terrorism and in the reconstruction and construction process. "
For its part the Minister of International Development Cooperation and the Swedish climate, he said that "Sweden is one of the major donor countries that provided grants for Iraq in times of war and conflict, indicating that 2% of Sweden's population, Iraqis origin".
She added, "We discussed with Minister of Planning and that there will be a program on long-term regard to the stability of the country, as well as discuss the goals of sustainable development Sratejah 2030 and discuss the priorities of the Iraqi government and how to go along with it."
She pointed out that "there is cooperation and strategic development agreement, which extends five years starting from 2017," stressing "the importance of focusing on the theme of stability and nation-building and peace which is achieved through national reconciliation, which represents something important for the Iraqi people."
She said, "There must be a matter of women's participation and equality gender the fact that 50% of the world's population is women, for Avcth that there can not be sustainable development, women did not participate in it," asserting that "there are fruitful cooperation in the future with Iraq." .is over

Foreign Minister concludes visit to Geneva

History of edits:: 2017/3/5 12:15 • 79 visits readable
{Baghdad: Euphrates News} conclude foreign minister, Ibrahim al-Jaafari, his participation in the meetings of the 34th session of the Human Rights Council of the United Nations to meet him a number of sons of the Iraqi community in Switzerland at the Representative Office building in the city of Geneva. 
And accept al-Jaafari, according to a Foreign Ministry statement and Euphrates News Agency {} received a copy of it, during the meeting, "the overall developments in the Iraqi political arena, the great victories achieved in the war against Daesh terrorist gangs."
He also listened to some of the problems and challenges facing the community, and ways to solve them, and what they need to provide services.
Meanwhile, the foreign minister met the staff of the diplomatic mission in Geneva.
He called on al-Jaafari, a cadre of Iraqi Representative to "make further efforts to bring the voice of Iraq in all international forums, and to strengthen relations with the Swiss side, and diplomatic missions operating in Switzerland, opening the prospects of joint cooperation, including contributing to the interests of the service of Iraq, and other countries," stressing "the need to overcome the obstacles faced by the children of the community, and provide support and services to them.

Official: Iran to start gas exports to Iraq in March 21

Iraq - Iran cooperation would raise obstacles to the export of Iranian gas at a reasonable price and without an intermediary - the image of Reuters Arabian Eye
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Directly he said Iranian Oil Minister Assistant, it will be Iran 's gas export to Iraq as of March 21, quoting the Iranian news agency "IRNA".
He said Hamid Reza Iraqis, according to "IRNA", that this Iraq-Iran cooperation will raise obstacles to the export of Iranian gas at a reasonable price and without an intermediary.
Iraq had signed two agreements with Iran to import gas, which will export Iranian gas to the two areas of Baghdad and Basra.
The Oil Ministry announced that Iran has been providing the possibility of starting the first phase of gas export to Iraq card 25 million cubic meters of gas daily, referring to the height of this size to 35 million cubic meters of gas in the hot days.
The Iranian Energy Minister in electricity affairs, said in mid - February, said that his country will resume the export of electricity to Iraq after the recent opening line of credit .
And consumes Iraq, the second largest oil producer in OPEC after Saudi Arabia, about 70% of its production of natural gas.
Kauaihn Economic Times:  

ECONOMIC TIMES / CHATTER

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GLOBAL/ NEWS/ INFO

Crash course: what the Great Depression reveals about our future
the guardian
It was the biggest setback to the global economy since the dawn of the modern industrial age. But did the world’s reaction worsen the effects of the 1929 Crash? And have we learned from those mistakes? Read the full story


REVEALED: These six nations could be about to QUIT the Eurozone - and here's why
Express
THE Brexit vote kick-started a wave of Euroscepticism last June and six other countries in particular may be next to quit the block. With Brussels divided between whether more or less Europe is the answer, these half-dozen states could lose patience and simply follow Britain’s lead and go it alone. Greece, Italy, Spain, Portugal, Ireland and Cyprus could all pull out of the union for a litany of different reasons. GREECE Read the full story

3 serious problems with the 4% retirement rule
USA TODAY
As you plan for retirement, the famous "4% rule" can help. But it's not without some flaws. Read the full story


60 Investing Terms You Need to Know
Daily Reckoning
This post 60 Investing Terms You Need to Know appeared first on Daily Reckoning. Whether you are a beginning investor or are just getting into finance, understanding market lingo can leave you better positioned for the future. Reading editorials ranging from ZeroHedge, Wall Street Journal or even Barron’s can become daunting with jargon. Investing terms can morph into their own coded language. Not to fear, the world of investments is an ever-changing environment and knowing investing terms will Read the full story


OIL/COMMODITIES/ENERGY
Gold falls
Dawn
LONDON: Gold fell half a per cent on Friday and was on track for its biggest weekly loss in nearly four months as speculation grew that the US Federal Reserve would press ahead with a rate increase this month. Spot gold was down 0.5pc at $1,228.05 an ounce by 1430 GMT, while US gold futures for April delivery were down $4.50 at $1,228.40. Gold prices have retreated sharply since failing to decisively break through resistance at their 200-day moving average of $1,261 this week. The world’s Read the full story


Gold and silver are a ‘gift’ right now with a rate hike on the table, this strategist says
While the prospect of a Fed interest rate hike sent gold lower on Friday, strategist David Tice told CNBC he is a big believer in the precious metal.

Gold drops as a rate hike becomes nearly certain
Gold edged down on Friday after falling more than one percent in the previous session.


Gold prices fall for the day, lose 2.5% for the week
MarketWatch
Gold futures settled lower Friday after Federal Reserve Chairwoman Janet Yellen said that the central bank is likely to announce an interest-rate increase at its meeting later this month if employment and inflation continue to meet its expectations. Prices had already fallen in each of the last three sessions as other Fed officials hinted at an upcoming rate hike. April gold fell $6.40, or 0.5%, to settle at $1,226.50 an ounce. Prices lost about 2.5% for the week and settled at a two-and-a-half Read the full story


US oil settles at $53.33 a barrel, up 72 cents, rebounding from recent weakness
Oil prices surged, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures.

Oil prices gain for the session, but fall more than 1% for the week
MarketWatch
Oil prices settled higher for Friday's session, buoyed by uncertainty surrounding Libya's production. Bloomberg reported Friday that an armed group seized control of the country's biggest oil port. April West Texas Intermediate crude rose 72 cents, or 1.3%, to settle at $53.33 a barrel. Prices still fell about 1.2% for the week on the back of rising U.S. crude supplies and production. Read the full story


China cuts growth goal, puts focus on reform and 'firewall' against risks
Reuters
China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. Read the full story

 


BANK/BANKING
Deutsche Bank readies $8.5 billion capital injection, eyes other strategic measures
Deutsche Bank is preparing for a potential capital increase of about 8 billion euros or about $8.5 billion.

Deutsche Bank is looking at raising $8.5 billion
Business Insider
Deutsche Bank Chief Executive Cryan attends a news conference in Frankfurt Thomson Reuters Deutsche Bank is looking at "conducting preparatory steps" for a potential $8.5 billion capital raise. Here's the statement from the bank: "Deutsche Bank confirms that it is conducting preparatory steps for a potential capital raise of approximately EUR 8 billion and several potential strategic measures. These include retaining Postbank and integrating it with the Bank's existing German retail and Read the full story


Kenya: Rethinking Banking - the Future of Financial Services Is Digital
AllAfrica
East Africa's financial sector is on the brink of yet another sweeping revolution that will define the playing field in the next decades to come: financial technology. Fintech, as it is increasingly being referred to is taking the industry by storm, causing a major disruption becoming a trailblazer and redefining the financial sector in the region and globally. In this day of fast paced technological innovations, disruption is the new norm: Uber, Instagram and M-PESA are all good examples of Read the full story


Banks Finance More Palm Oil Than Investors: Investors Face Indirect Exposure
ValueWalk
Summary The 16 selected large oil palm growers and traders attracted more loans per year in the period from 2006-2015 and issued more bonds. SE Asia banks are the most important lenders to these palm oil companies. Loans are becoming more important than bonds over time. Stronger bank ESG policies the more their loan portfolio... Read the full story




Dollar gives up earlier gains after Yellen comments
The dollar stalled after two days of strong gains on Friday, with nerves around a speech by Federal Reserve chief Janet Yellen due later in the day.




USA

Titans of oil world meet in Houston after two-year price war
Reuters
The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. Read the full story

Janet Yellen hints at possible March rate hike, 2-year yield hits 1.341%
U.S. government debt prices were mixed on Friday as traders heard from several key Federal Reserve speakers and digested data.
Baker Hughes data show another weekly rise in U.S. oil-rig count
MarketWatch

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil rose by 7 to 609 rigs this week. That marked the seventh weekly increase in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose by 2 to 756, according to Baker Hughes. April West Texas Intermediate crude was up 53 cents, or 1%, at $53.14 a barrel on the New York Mercantile Exchange. It was little changed from the level it traded at before the data. Read the full story

Fixing America's failing infrastructure won't be easy, despite Trump's pledge
the guardian
A quick look at how infrastructure financing works show that the current predicament won’t be a quick fix, even as president promises big investment Read the full story




EMERGING MARKETS

Rising Dollar Takes a Toll on Emerging Markets
Investopedia
The rising U.S. dollar is taking a toll on emerging market equities. We take a look at some potential trades. Read the full story


Emerging Market Bonds: ETFs vs Mutual Funds
Barron's
Emerging Markets Daily Emerging market bonds turned in some handsome returns last year with the Fed's behaving and investors still searching for yield. But with an uncertain year ahead for risk and currency, and emerging market bond yields hovering around 5%, active managers are tooting their horns. So we asked Morningstar to provide a list of the best performing ETFs and mutual funds of 2016. We narrowed the list of mutual funds to those without big loads or large minimum investment Read the full story


Emerging economies to dominate global economy by 2050
POST Online Media
The E7 economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey are predicted to dominate almost 50% of the global Gross Domestic Product (GDP) by 2050. 7G economies’ share will drop to around 20%, according to a report by PricewaterhouseCoopers (PwC). The report “The long view: how will the gl... Read the full story



Emerging-Market Investors Take a Shine to Egypt
Bloomberg
The country got an IMF loan and allowed its pound to float freely. Read the full story




MIDDLE EAST

World's most beautiful CAMEL to be crowned in £25m Saudi contest
Daily Mail
The world's most beautiful camel will be crowned with a staggering £25 million prize at the Mazayen al-ibl Festival later this month in Riyadh, Saudi Arabia. Read the full story



Iran’s private sector having hard time financing expansion
Al-Monitor
While the Iranian debt market has greatly expanded in past years, providing an alternative to banks for financing, private sector firms are left out of this boom. Read the full story

Pacts worth SR13.5 billion signed during Saudi-Indonesia business meet
RiyadhVision
Saudi King Salman with Indonesian President Joko Widodo. Saudi Arabia and Indonesia on Thursday signed a number of memoranda of understanding and strategic partnership agreements in the fields of energy, health, housing and tourism. The deals, which were inked during the meeting of the Saudi-Indonesian Business Council, amounted to a total of SR13.5 billion. The meeting was held on the sidelines of the current visit of King Salman to Indonesia. The King and Indonesia President Joko Widodo Read the full story


DFM launches trading platform for ETFs
Mubasher
Dubai – Mubasher: The Dubai Financial Market (DFM) has launched a trading platform for exchange-traded funds (ETFs). The platform supports the ETF industry, particularly market makers, authorised participants, and liquidity providers. Afkar signed … Read the full story


ADX resumes losses amid lower liquidity
Mubasher
By: Bedour Alraei Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) reversed the negative performance it maintained for two sessions and closed in the green on Sunday, weighed down by the fall of real estate and telecom sectors. The … Read the full story



ASIA

Market expectations stable for yuan exchange rate
Social News XYZ
Beijing, March 4 (IANS) China's currency, the yuan, is experiencing two-way fluctuations, and market expectations are stable for its future trend, central bank deputy governor Pan Gongsheng said on Saturday. Pan made the remarks in Beijing before attending a panel discussion during the annual session of the Chinese People's Political Consultative Conference National Committee, which... Read the full story

China to defer implementation of property tax despite surging prices
China has no plans to implement a nationwide property tax this year despite mounting expectations that such measures would soon be introduced to restrain surging property prices.


 

Blessed and Highly Favored:

CBI Update:
The CBI for Monday, March 6, 2017 did not update on the indicative rates and the last date shown is 01/04/2017.
The currency auction is 162,388,495
There are one news and announcements for Monday, March 6, 2017 as follows:
Prices of gold bullion and coins, which will be under selling on Tuesday, 07/03/2017
06/03/2017
ISX Update:
Value Traded
1,105,527,243
Shares Traded
1,585,092,065

ISX ended in RED
Gulf Investment exaggerated the Iraqi government banks
Monday 06 March 2017 time 12:36
BAGHDAD / Sky Press: Economist, Monday, revealed that huge amounts Gulf will be invested in the government of Iraqi banks do not Nqazha from bankruptcy, noting that the process will be in private.
The expert said in an interview that "the state banks on its way to invest huge Gulf amounts and benefits ranging from 4.14% in order to save these banks that are on the brink of the abyss and declare bankruptcy, making the government is putting on the list of institutions that will be forwarded on your investment because of the many the problems of the Iraqi government banks and structured, revealing that the investment process will be ways that are not made public. "
He added that "the interest rate on funds deposited in Iraq, ranging from 4.14%, according to the deposit insurance banking type, while the interest rate on the money all over the world, and after the global financial crisis, fell to 0.5%, and at best up to 2%, making Iraq the focus of attention of the owners of capital, and we believe that 2005-2006 saw aversion to Gulf funds were estimated with 26 billion US dollars were distributed as loans and banking facilities through the Iraqi government banks and other civil.

Central bank: Iraq overcome the financial crisis and the coming days bode well

March 5, 2017
The Central Bank of Iraq adviser Walid Idi, that Iraq exceeded the financial crisis, pointing out that the coming days bode well.
He Idi said in a statement that the crisis austerity and fiscal deficit as a result of lower oil prices in the last period has ended, adding that, Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities, and pointed Idi that the entry of foreign Iraq's companies reflect a positive outlook It will contribute to attracting major countries to rebuild the liberated areas and the holding of joint agreements for investment as well as trade exchange and activate tourism and oil industry.


 

Re-opening of the Rafidain Bank branch in Anbar

History of edits:: 2017/3/5 12:25 • 108 visits readable
{Baghdad: Euphrates News} inaugurated governor of Anbar province Suhaib al-Rawi, on Sunday, Rafidain Bank branch in the province, in the presence of President of the Provincial Council, and the commander of Anbar police, and a number of council members and security leaders.
He said the governor during a speech by the way, according to a statement his office and agency {Euphrates News} received a copy of it, "the importance of the role that represents opening of the Bank in restoring stability to the province, and will be presented to facilitate the work of conservative circles, and alleviate the suffering of pensioners who receive currently paid by Baghdad." .
He also stressed the governor of Anbar, continued coordination with the concerned authorities in the central government to re-activate all the services provided for all sectors in the province.

Kauaihn Chatter:
3-5-2017   Newshound Guru Aggiedad77  Article:  "Central: financial sector management electronically end of 2017"  Here are a few things I've noticed with all the good news from today...so much talk about system changes that is a huge plus I am thinking...this article and at least one or two others have made mention of dealing with some very large companies and banks...in fact "some of the world's largest companies"...and "the largest banking technology companies in the world"...That all tells me that not [only] is Iraq serious about what is coming but also and this is UUUUGGGGEEEEE IMO...these companies on this grand of a scale are also seeing Iraq as a serious and probably very competitive entity at this time or they would not be looking in this direction...Large companies don't tend to waste their time on losing propositions...they are SUCCESSFUL...for a reason...they pick WINNERS...and IMHO Iraq is a WINNER who is about to step onto the top box to receive GOLD...in a number of ways I tend to believe.

3-5-2017   Newshound Guru Kaperoni
   Article:  "Central: financial sector management electronically end of 2017"   Quote:  "...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector..."   This is a huge article!   It appears to me that they are stating that this year they expect to open the banking system to the world.  That freedom of movement and international transactions will begin.  This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.

3-5-2017   Newshound Guru Aggiedad77   Article:  "Iraq receives $ 18 billion from IMF"  I find this highly interesting...especially the part about payment to Kuwait for war compensations...they owe Iraq [Kuwait??] $4.5 billion that had been deferred until this year...now they are paying them 9 billion of this 18 billion from the IMF that is just odd to me, unless that is perhaps an agreed upon "extra" amount for loss of properties or bodies not recovered...who knows...
and the IMF stipulates they need to reform their financial system...that sounds much like the Monetary Reform to me...so be it...get with the program Iraq...make it so.

3-5-2017   Newshound Guru Revbo
   Article:  "Central Bank: the financial crisis behind us and the next few days are promising"   Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody's coming in if they can't get their money out.
3-5-2017   Newshound Guru Phillyman   Articles:  "Iraqi command says a few meters close from Mosul government complex"   "Iraqi forces control most of 2 western Mosul districts, pound Tal Afar"  "Iraqi forces launch fresh push in western Mosul battle"  "Iraqi forces near government buildings in Mosul as fight against ISIS continues Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it.  This is the opinion of a Lt. General, Federal Police Chief:  "He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
3-5-2017   Newshound Guru Adam Montana   I mentioned in my weekly...update that I'm getting a bit giddy right now. There's a good reason for it! We are at a tipping point, and this is going to either make us some money, or we're going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say "we enjoyed the ride", right?!  Based on what I'm hearing from my people, I am leaning toward the bright side of it.
3-5-2017   Intel Guru ADMINBILL   I AM ANTICIPATING AN ACTIVE WEEK. HANG IN THERE.

3-5-2017 
  Intel/Newshound Guru Mnt Goat
   Article quote:  "Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates."    ...by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards...
3-4-2017   Newshound Guru loop   Quote:  Article quote:  "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100."   marked decline by five thousand dinars to the category of $ 100.  That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI's statement made on Wednesday.  [so what does that mean...?]  It means that the CBI has put a system into place that allows them...control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.

3-4-2017   Intel/Newshound Guru Mnt Goat
   ...March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017.  It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project.   [post 3 of 3]

3-4-2017   Intel/Newshound Guru Mnt Goat    ...there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for... We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency.  So does this mean regions must be fully liberated from ISIS?  Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times.  [post 2 of 3....stay tuned]

3-4-2017   Intel/Newshound Guru Mnt Goat    IS THE IRAQI DINAR INTERNATIONAL Contrary to what many...are telling you the Iraqi dinar is not yet international.  Many...believe it is already international simply because some banks are now once again selling and buying dinar...   But is this really at the international level? NO!  It is not.  So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply.  [post 1 of 3....stay tuned]

3-4-2017   Intel Guru Dr. Clarke   In ADDITION, to this APRIL 1 date for Iraq, we believe, there will also be THIS:  APRIL 1st - 10th. Vietnam could substantially raise the value of the Dong...   [reference Guru Dr. Clarke post 3-3-2017]

3-4-2017  Newshound Guru Revbo   Article:  "IS Checkpoints Disappear in Hours in West of Mosul"   Quote:   "The disappearance of the checkpoints reflects the internal collapse of the extremist group, that started to appear obviously with the start of the battle to liberate western Mosul,”...    I wouldn't be surprised to see Trump and Abadi together in Baghdad by the end of the month celebrating the liberation of Iraq. The difference will be, this time it sticks. 

3-4-2017   Intel Guru ADMINBILL   NO SPECIFICS BUT WE ARE LOOKING VERY GOOD THROUGH THE TUESDAY/WEDNESDAY NEXT WEEK.  LOOK FOR MNUCHIN ANNOUNCEMENT NEXT TUESDAY.  WE ARE IN THE GROOVE
Elmer:
Not in today
Artmeister:
Not in today
Catnip:

ARTICLE 1 (from PM Abadi's website)

Prime Minister and Commander in Chief of the Armed Forces Dr. Haidar al-Abbadi heads the Ministerial Council for National Security Meeting

Mr. Prime Minister and Commander in Chief of the Armed Forces headed by Dr. Haider al-Abadi Sunday Ministerial Council for National Security meeting.
Whereas, the Board discussed the progress of the battle to liberate the right side of the connector and the victories achieved and to emphasize the importance sustain the momentum of victories achieved to resolve the battle and achieve the ultimate victory.
As it was discussed to provide the Directorate of criminal evidence, the DNA data to utilize them security.
It was further discuss the issue of checkpoints, customs and procedures for the passage of trucks.
Was approved on a project of the National Center for the management of spatial data and the formation of the Higher Coordinating Committee of Spatial Data Portal Iraq geographical consisting of specialists members of the institutions concerned to proceed to complete and implement this national project is important and to provide assistance for cadres working order and facilitate the implementation of the recommendations procedures in different institutions.
The Council also discussed the measures taken with regard to airport security have been taken a series of decisions.
During the meeting, the discussion and follow-up on previous decisions and directives as well as a number of other topics on the agenda.

Information Office of the Prime Minister
5 March 2017 

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ARTICLE 2

Besiege government compound Ayman Mosul

2017/3/6 11:47
[Oan- Baghdad] 
Security forces surrounded, the government complex, which includes the building of Nineveh province on the eastern side of the coast right to the city of Mosul. 
He said the federal police chief, the team Raed Shakir Jawdat said in a statement received by all of Iraq [where] a copy of it, that "the federal police resumed their battles strongholds Daesh in Aldndan and pedal and Nabi Shit [p], and sent troops from the elite squad to Aekadat neighborhood and attribution of aviation army artillery and federal police and the progress toward the government complex from several directions. " 
The News reported that security forces surrounded the government compound with the bombing of the airline on Daesh sites.
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ARTICLE 3

Urgent security forces are in control on a bridge south of liberty Ayman Mosul

2017/3/6 8:57
[Oan- Baghdad] 
Security forces on Monday seized control of the Freedom Bridge in the city of Mosul, which leads to the city center from the south.
The second bridge freedom bridge in Mosul secured by the security forces after they secured the bridge is located to the south in the attack, which began in the western part of the city on 19 February. 
And destroyed all the five bridges over the Tigris River, Mosul, but to control and repair will facilitate the attack on Daesh which is confined to certain parts of the right side of the city of Mosul. 
The Freedom Bridge A two bridges leading to the heart of the old city and the other bridge is located to the south of it.
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ARTICLE 4

Rafidain Bank supports electronic payment mechanism to receive monthly salaries and overcome red tape


BAGHDAD - Iraq Press - March 6, March: Rafidain Bank announced in a statement on Monday, received / Iraq Press / copy of it, that " the bank and in coordination with the inspector general of the Ministry of Communications Office issued more than 100 of the cards within the electronic payment and settlement of employees ' salaries tools in particular electronic accounts to receive their monthly salaries. "
He noted the bank to "issuing one of the electronic payment instruments to the staff of the inspector general of the Ministry of the Office of Communications for the receipt of their monthly salaries through to shorten trading cash currency routine , " noting, "This move isaimed at reducing the trading exchange manual and the reduction of theft and robbery on staff salaries, particularly operations when transferred from bank branches to circles ".anthy O.h

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ARTICLE 5

Document ... Transport launches weekly flights to the airport Nasiriyah

2017/3/5 18:40
[Where - Baghdad] 
The Ministry of Transport / Iraqi Airways, on Sunday, for the conduct of weekly flights from Baghdad International Airport to Nasiriyah Airport.
The company said in an official letter obtained by all of Iraq [where] a copy of the "Iraqi Airways to fly weekly every Friday from Baghdad International Airport to Nasiriyah Airport, and that is to take-off at ten in the morning." 
The book pointed out that "Transport Minister Kazem cup erythema face of that first flight will be free and on the tenth of this March."
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ARTICLE 6

Urgent Britain agrees to lend Iraq $ 12 billion for infrastructure

2017/3/5 12:05
[Oan- Baghdad]
Britain has agreed to lend Iraq $ 12 billion. He said the Iraqi Finance Ministry official told Reuters on Sunday that "Britain has agreed to provide ten billion pounds [12.29 billion] in loans to Iraq in order to assist in the financing of important projects in the field of infrastructure."
He added that "a formal declaration will be issued later in the day." The Council of Ministers approved in its session on 26 July on the recommendation of the Committee on Economic Affairs on, walk down the steps of the loan agreement with the British government in the amount of 10 billion pounds, and the formation of a committee to negotiate and submit a draft negotiating to Cabinet fundamentalist, to be added Basra province to the Committee mentioned on the draft scarcity and water desalination.
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ARTICLE 7

Iraq renews its call for the Pope to visit the city of Ur

2017/3/6 12:15
[Oan- Baghdad] 
Iraq's ambassador to the Vatican gave Omar Barzanji the credentials to Pope Francis' first resident Ambassador Extraordinary and Plenipotentiary of Iraq to the Holy See leaves.
A statement by the Iraqi Foreign Ministry received by all of Iraq [where] a copy of it, that "the ambassador Alborznge, move through the presentation ceremony accreditation greetings of both President Fuad Masum, Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri and Foreign Minister Ibrahim al-Jaafari and religious authorities of all faiths leaves and sects in Iraq to His Holiness Pope Francis first. " 
The Alerzenja According to the statement, "the repeated calls to His Holiness for his visit to Iraq and the pilgrimage to the city of Ur historical generator dad prophets Abraham [peace be upon him]." 
And accept the Iraqi ambassador "victories achieved by the Iraqi security forces Besnovha Daesh against all terrorist gangs and the insistence of Iraq defeat the forces of terrorism over its territory, praising the role of the heroic and humanitarian Armed Forces in aid of displaced persons from areas where military operations." 
For his part, praised the Pope Francis victories achieved against terrorism, stressing the Vatican's support for Iraq in its war against terrorism led, directed the call to the President of the Republic of Iraq Fuad Masum, to visit the Vatican, wished the ambassador success in his new assignment. "

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