| Word on the Street Wednesday 5/31/17
Word on the Street Wednesday 5/31/17:
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DC NY Iraq Articles:
Washington confirms its concern for the security and stability of Iraq
Editorial Date: 2017/5/30 23:49 • 13 times read
BAGHDAD (AFP) - The deputy ambassador of the United States in Baghdad on Tuesday expressed his country's keenness on the security and stability of Iraq during a meeting with Interior Minister Qassim al-Araji.
A statement of the minister's office, received the agency {Euphrates News} a copy of that Araji "met in his office, Deputy Ambassador of the United States in Baghdad, and discussed with him the overall situations and issues of common interest and ways to activate them in the interest of the two friendly countries.
"We have also discussed the victories achieved by the Iraqi security forces in Nineveh and the need for continued international logistical support for Iraq in its war against terrorist gangs," he said. The deputy US ambassador, according to the statement, "his country's concern for the security and stability of Iraq." Imam al-Sistani responds to the rule of fasting and breakfast of the fighters against da'ash
Editorial date: 2017/5/30 13:06 • 142 times read
(Baghdad: Al Furat News) The Office of the Supreme Religious Authority, Imam Grand Ayatollah Ali al-Sistani, responded to a referendum on the rule of fasting for the Mujahideen volunteers and security forces in the scourge of fighting against terrorist gangs.
The text of the referendum published by the media of the holy threshold of Husseiniyah, the face of the collection of Mujahideen to the supreme authority and its text: What is the ruling on the fasting of the Mujahideen of the volunteer brothers and the security forces as the holy month of Ramadan passes through us with the warm weather conditions and the combat and security duties entrusted to them?
The office of the supreme authority replied that "what is mentioned does not justify the intention not to fast at dawn, but it is necessary to do so, but if one finds himself to continue to refrain from eating or drinking, he may eat and drink exclusively. That the amount necessary on the precaution, and the judiciary later. "Finished After the break of Ramadan .. Political and parliamentary debate on securing the capital
Baghdad Journal News
A coalition of state law (the largest Shiite bloc in the Iraqi parliament) on Tuesday, hand over the security file of the capital Baghdad to the popular crowd in the event of security forces failed to secure Baghdad.
"The popular crowd is a security institution operating under the command of the commander-in-chief of the armed forces and it is his responsibility to maintain security. There is no objection to keeping the security of the capital," MP Mohammad al-Chihud told the Journal News. "If the security forces fail to keep citizens safe."
"The mass mobilization of Baghdad does not mean the militarization of the city as much as it protects its security against repeated violations," he said. "The crowd has extensive field experience in maintaining security, in addition to having the intelligence system in pursuing the enemy."
The Security and Defense Committee in parliament on Tuesday refused to hand over the security file to the popular crowd loaded with Baghdad operations responsible for repeated security breaches.
A member of the Security and Defense Committee Iskandar and Tut to «Journal News» that handing over the security file to the popular crowd, militarization of cities. Calling on Prime Minister Haider Abadi to take the most severe sanctions against the defaulters. "
While calling for Kazem Sayadi, Tuesday, in a statement to the media to refer all the security system in Baghdad to the courts and the isolation of elements, and demanded the abolition of the Baghdad operations command and take over the security of the capital to the popular crowd,
The statements came after the capital Baghdad witnessed two terrorist bombings on Monday and the morning of looting targeted a cafeteria for the sale of ice cream (the seal) in central Baghdad and resulted in the death and wounding dozens, while Baghdad hit another explosion by a car bomb in the area of Waziriya led to the death of 9 policemen and 32 wounded and burning 4 wheels Including the patrol of Najdah
Baghdad Council: Intelligence bears responsibility for violations in the capital
Baghdad Journal News
BAGHDAD (Reuters) - Baghdad's provincial council on Tuesday blamed Interior Ministry intelligence for the bombings that hit the capital on Tuesday and Tuesday.
A member of the "security committee" in the Baghdad Provincial Council, Saad al-Muttalibi, told the "Journal News" that "the intelligence weakness in the capital Baghdad, opened the way to terrorist cells to carry out terrorist operations in the capital in conjunction with the month of Ramadan."
"Interior intelligence failed to monitor the sleeper movement of terrorist elements in Baghdad and created a kind of laxity because of the military victories achieved by the armed forces in the province of Mosul," he said. Pointing to the organization "Dahesh" terrorist uttered his last breath in Iraq. "
And salt to "the existence of figures working to hit the economy in some commercial markets in certain areas to destroy the economic capacity in the country."
The capital, Baghdad, was hit by two security guards that hit the Karrada and Waziriya districts (yesterday and Tuesday) in central Baghdad, killing dozens of people.
Parliamentary Finance: Iraq's debt amounted to 111 billion dollars
Baghdad - Journal News
The financial committee of the parliamentary, on Tuesday, the volume of debt owed by Iraq amounted to about 111 billion dollars, warning of the impossibility of payment in the coming period.
"Since the beginning of this year, so far, some other debt has been added and also what Iraq gets from the International Monetary Fund in order," Finance Committee member Majida al-Tamimi told the Journal News.
"As well as Iraq's signing of a credit facility with the United Kingdom amounted to 12 billion dollars, but still on paper for lack of access to the Ministry of Finance."
"The debt of Iraq so far amounted to 111 billion dollars and may be added during the coming period additional funds to raise the ceiling of debt to new figures.
Parliamentary call to benefit from renewable energy resources
Baghdad - Journal News
Former member of the House of Representatives Ibrahim al-Rikabi called on Tuesday for the development of the renewable energy project as an essential resource that could in future be an alternative to electric power.
"Iraq's climate is sunny throughout the year, and it can be used to produce energy as an alternative to the electricity that the country is already suffering from," Rikabi told The Daily News.
Recently, the Renewable Energy Center has been developed in Iraq to consider projects related to this sector with the aim of optimizing the utilization of solar and wind resources.
Al-Rikabi, a member of the Committee on Economy and Investment in the previous parliamentary session, explained the benefits of renewable energy. "Solar energy has many advantages. It is environmentally friendly and is relatively inexpensive compared to electric power. On the development of industry and agriculture in the country. "
The Iraqi legislator concluded his statement by pointing out that his country "needs to conduct research and studies to reduce the scientific gap with the developed and regional countries by keeping pace with the development in the field of renewable energy and its industrial applications and the effective recruitment of scientific and technical capabilities and guidance towards acquiring knowledge and serving the issues of sustainable development in Iraq."
Kauaihn Iraq Articles:
The United Nations confirms its stand with Iraq in fighting terrorism
Release Date: 2017/5/30 21:14 • 49 times scheduled
The United Nations Secretary-General Antonio Guterres on Tuesday condemned the terrorist attacks that hit the capital Baghdad recently, continuing the support of Iraq in the fight against terrorism.
In a statement read by the Euphrates News Agency, Guterres reiterated "the continued United Nations stand with the Iraqi government and people in the fight against terrorism."
He expressed his "great sympathy to the families of the victims and wished the wounded a speedy recovery." The car bomb exploded late on Monday night, in the Karrada district of central Baghdad, while a car bomb exploded this morning in the Salihiya (central Baghdad) near the Department of Retirement, which resulted in the death and wounding dozens. The state of law warns that Kurds will resort to borrowing from Washington in isolation from Baghdad
Baghdad - Journal News
The deputy of the coalition of state law, Sadiq al-Labban, on Tuesday, the Kurdistan Regional Government to resort to the United States for the purpose of obtaining debt.
Al-Labban told the Journal News that "the attempt of Kurdistan to get closer to America to obtain debt is an excess of Iraqi sovereignty because the US administration is moving towards achieving its interests in the region."
He added that "this excess will create a contract and convulsions may be undesirable future because it will negatively affect the stability of the region, in addition to the debts of Kurdistan will be borne by Baghdad in terms of payment.
Change" warns Barzani of interfering in the selection of successor to its late leader
Baghdad Journal News
Kurdish movement "Change" warned on Tuesday, the Kurdistan Democratic Party led by the President of the Kurdistan region (outgoing) Massoud Barzani, to intervene in the selection of a leader of the movement successor to the late Nushirwan Mustafa, who died in the province of Sulaymaniyah a few days ago.
A member of the movement Shirin Reza told the «Journal News», that "the decision to choose a leader of the Movement of Change left to the leaders of the movement can not be the Kurdish parties and Barzani intervene to choose a leader of the movement," indicating that "the movement is in the process of choosing a new president, 40 days after the death of its leader the previous".
The Kurdish representative revealed three candidates for the presidency of the movement, namely Omar al-Sayyed Ali, Qadir al-Hajj Ali and Usman al-Haj Ali, who are prominent figures and candidates for succeeding the late Nushirwan.
It also noted that "the movement of change closer to the National Union Party under the chairmanship of Jalal Talabani, especially that there are previous agreements between the party and the movement, as well as many openings for integration between them .."
Nushirwan Mustafa died at the age of 73 years in the city of Sulaymaniyah, northern Iraq, which was one of the founders of the Patriotic Union of Kurdistan, and served as deputy secretary-general of the Patriotic Union of Kurdistan until 2006. Mustafa then left politics, and in 2009 he founded the Change Movement, which participated in elections and achieved good results in local and federal elections.
After two terrorist attacks .. Hot criticism of the security services charged with protecting the Iraqi capital
Baghdad Journal News
BAGHDAD (Reuters) - Iraqi lawmakers rushed to denounce the bombings that rocked the capital Baghdad on Tuesday night and led to the death and wounding of dozens.
A member of the Security and Defense Committee in the parliament, Iskandar and Tutt told the «Journal News» that "the organization of a supporter of the terrorist, the beginning of the use of means of mobilization in the safe areas of the stability of its existence again after the losses suffered by the enemy in the battlefields," and called "Prime Minister Haider Abadi The most severe sanctions against the defaulters. "
He added that "investigative committees in parliament condemned more than 40 people in the bloody Karrada bombing (last year) but without a legal account so far."
He stressed the importance of the construction of the security wall of Baghdad to end the security breaches and a series of bombings that take the lives of innocent people and their property citizens.
He denounced the leadership of the Union of Forces (head of the block of solution in parliament) Mohamed Karbouli bombings, told the «Journal News», I "a reaction to the victories achieved by our security forces in Mosul."
He added that "the bombings targeted all Iraqis," especially that "blind terrorism does not differentiate between one component and another" and that "all equal Shiites, Sunnis and Kurds, in targeting, but tries to stir sectarian strife among the people to create confusion and chaos and spoil the taste of victory."
"We must have awareness of such methods and a national sense of containing such gaps to preserve the unity of the national front to meet the post-urging."
"We are working to contain any rift in the direction of the enemy and raise sectarianism among the components of the people," he said. "Is it reasonable that all those who went to the ice cream shop are the only Shiite component?"
On Monday evening, a suicide car bomb exploded in the center of Baghdad, killing and injuring dozens. Baghdad was hit by a car bomb in the Waziriya area on Tuesday morning, killing nine people and injuring 32 others.
Dhi Qar recorded a mass return of displaced families to Nineveh
Dhi Qar - Journal News
The displaced families of the city of Mosul began to return gradually with the near liberation of the "humpa" in full. After the Department of Migration and Displaced in the province of Dhi Qar on Tuesday, a voluntary collective return of 16 displaced families of displaced to the liberated areas in the province of Nineveh.
"Nearly 16 displaced families have completed the security procedures, obtained the fundamental approvals and returned to Nineveh province, with the support of the Immigration Department, which has been given trucks and buses to transport them to their homes," Ali al-Helou, head of migration at Dhi Qar, told the Journal News.
Al-Hilu revealed that other meals will be launched after Eid al-Fitr and coincide with the end of the current academic year. He will return to the cities and areas liberated from the terrorist organization Da'ash.
According to the local official, another number of displaced people are returning individually to their provinces. The number of returnees to Ninewa alone in the past two years has reached about 400 families.
Kauaihn Economic Times:
GLOBAL/NEWS/INFO
Opinion: Financial advice is more about trust than money
MarketWatch
Investors need to know what they’re paying for and why, writes Greg Mech. Read the full story
Here's why asset allocation is one of the most important decisions for investors
CNBC
The initial step in investor asset allocation is determining your required rate of return based on your financial goals, risk tolerance and time horizon. Read the full story
OIL / COMMODITIES / ENERGY
Gold retreats as traders focus on data, coming jobs report
MarketWatch
Gold futures on Tuesday pulled back from the one-month highs scored last week, even as the dollar also slipped, as U.S. investors returned from the long holiday weekend and looked ahead to key jobs data due for release Friday. Read the full story
Gold futures steady near 1-month highsInvesting.com
© Reuters. Gold futures steady near 1-month highs Read the full story
Gold gains in Asia ahead of China PMIs, sentiment cautiousInvesting.com
© Reuters. Gold gains in Asia Read the full story
Opinion | Russia's Oil Majors And The Problem With Privatizing OPEC
Bloomberg
Besides invention, necessity is the mother of bromance. At least when it comes to oil, that is. The Russian and Saudi Arabian energy ministers were unusually chummy in Vienna last week, when OPEC, Russia and some other oil exporters agreed to continue their supply cuts for another nine months. This is, to put it mildly, a little unexpected. Besides Russia's reputation for free-riding on prior OPEC cuts, the two countries are at odds over some not-so-minor topics such as Syria and Iran. Yet now, Read the full story
Oil futures slump on rising US production fears
International Business Times, UK Edition
Brent, WTI contracts lost further ground as US rig count rises and traders remain unconvinced by producers' cuts. Read the full story
Goldman Sachs lowers oil price projections on potential shale surge
CNBC
Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.Read the full story
BANKS / BANKING
If your bank's deposit rates haven't budged, do this
CBS News
You don't have to settle anymore for a subpar interest rate on your savings or checking account Read the full story
The CFPB’s Fact Finding Into SMB Lending (And Why Bankers Are Worried)PYMNTS.com
After seven years of offering close scrutiny to any and all aspects of consumer lending — mortgage underwriting, car loans, short-term lending, credit cards, debt collection, pre-paid cards, arbitration — as of this month, the Consumer Finance Protection Bureau is broadening its horizons into small business lending (SMB) in the United States. Citing the extraordinary importance the... Read the full story
Big Banks Back Away From Auto Loans
Big banks are pulling back from the $1.2 trillion U.S. car loan market due to fears that consumers have taken on more debt than they can handle. According to The Financial Times, new data released last week by the Federal Deposit Insurance Corporation showed the first sequential drop in car loans outstanding at commercial banks... Read the full story
Can Banks Turn SMBs’ Cash Flow Nightmares Into Dreams Of Success?PYMNTS.com
Small business optimism is hitting new peaks, and while SMBs say they’re planning for growth, they’re not necessarily willing to spend money to access capital — nor do they have the adequate cash flow to do so. So, how can financial institutions jumpstart small businesses with innovative services beyond loans and still make money in the... Read the full story
Spanish bank consortium chases 'the blockchain'
Enterprise Times
Cecabank and Grant Thornton are establishing a Blockchain Banking Consortium in Spain. El Pais claims the new group inclto includes Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. It is seeking tol lay the groundwork for their use of blockchain in the financial sector. Jaime Manzano, Head of Reporting, Operational Management and Banking Training Services at... Read the full story
European banking stocks head lower as Deutsche Bank drops recommendation to sell
CNBC
Deutsche Bank has lowered its recommendation on European banks to sell, pointing to fading regional growth momentum as a headwind in coming months.Read the full story
A crackdown on China’s £7.3 trillion 'shadow banking' industry is rattling markets
Business Insider UK
LONDON — A crackdown on China's "shadow banking" industry is rattling share prices and bond markets, according to an FT report. Shadow banking is broadly defined as financial activities such as lending which are conducted in unregulated conditions, and it's a massive deal in China: Business expanded to around £7.33 trillion ($9.4 trillion) a year in China last year, according to ratings agency Moody's. But the practice exposes the country's economy to a huge amount of financial risk, and it has Read the full story
Wells Fargo makes further changes to retail bank: WSJ
MarketWatch
Wells Fargo & Co. has once again made changes to its retail-banking unit as it continues to deal with the sales-practices scandal that broke last year, The Wall Street Journal reported, citing a memo from retail-banking head Mary Mack. The San Francisco-based bank has rearranged the regions in the western half of the U.S. and changed executive roles, the paper said. Southern California and Arizona were both named as places where the aggressive sales tactics that led to fines, a Congressional Read the full story
TREASURIES/ BONDS/ STOCKS
Steve Cohen reportedly plans record-breaking $20 billion hedge-fund comeback
CNBC
This would mark the biggest U.S. hedge-fund launch in history, according to data collected by The WSJ. Read the full story
U.S. stocks retreat from records after modest opening losses
MarketWatch
U.S. stocks opened lower on Tuesday, with the main indexes retreating from record levels set last week. The moves for equity benchmarks come as a pair of economic reports came in stronger than expected, including housing and inflation. The S&P 500 opened 5 points, or 0.2%, lower at 2,410. A drop in oil prices put pressure on the energy sector. Energy companies such as Noble Energy, Inc and Kinder Morgan Inc were among the worst performers in early trade, falling more than 2%. The Nasdaq Read the full story
CURRENCIES
Bitcoin is outperforming major assets but hedge funds are still staying away from the cryptocurrency
CNBC
One hedge fund veteran told CNBC that the industry doesn't "know enough about it". Read the full story
U.S. Dollar, Yen Rises On European Political Worries
RTTNews
The safe-haven currencies such as the U.S. dollar and the yen strengthened against their major counterparts in the Asian session on Tuesday, as investors fret about a Greek bailout and the possibility of an early election in Italy. Read the full story
Forex - Pound holds weaker in Asia as election opinion polls eyedInvesting.com
© Reuters. Pound weaker in Asia Read the full story
USA
Get ready for the big jobs report, a potential June market swoon & more
CNBC
This week, it's all about the May jobs report on Friday. Plus, the market could change its tune in June and Trump returns. Buckle up! Read the full story
Growth in US home prices continues in March, setting 33-month high
CNBC
The latest data released Tuesday shows that home prices continued their rise across the country over the past 12 months. Read the full story
EMERGING MARKETS
Venezuelan opposition threatens country won't pay Goldman Sachs' $2.8 billion bond deal
CNBC
Venezuela's National Assembly leader has threatened a later government may refuse to pay $2.8 billion in bonds that Goldman Sachs recently purchased. Read the full story
History says emerging-market carry trade can only end in tears
Energy Voice
Investors reaping handsome returns on emerging-market currencies this year might do well to heed a warning once made by Harvard economist Jeffrey Frankel, who likened carry trading to “picking up pennies in front of a steam roller.” Economic theory — and history — suggest the strategy of borrowing where interest rates are low to invest in high-yielding currencies is prone to the risk of a sharp reversal when too many investors pile into the trade. Strategists at Bank of America Merrill Lynch Read the full story
MIDDLE EAST
Iran economy grew 15.7% in Q3
POST Online Media
The Central Bank of Iran (BCI) has published growth figures for the third quarter of the last Iranian year (September 22-December 20, 2016). According to CBI, the Iranian economy grew 15.7% last fall compared with the corresponding quarter of a year before. The rate stood at 4.6% without taking oil producti... Read the full story
Gulf Spat Escalates as Saudi Arabia, U.A.E. Media Attack Qatar
Bloomberg
Tensions in the Gulf were laid open for a sixth day, with the media in Saudi Arabia and the United Arab Emirates accusing Qatar of supporting extremism and undermining regional unity. Below is a selection from newspapers and websites highlighting the deterioration in ties just a week after Gulf leaders met in Riyadh to greet U.S. President Donald Trump. Alittihad (U.A.E.) The newspaper led with comments by Khalifa Haftar, the eastern Libyan military commander who opposes the United Read the full story
A
FRICA
Africa: African Economic Outlook 2017 - Spotlight Shines On Entrepreneurs
AllAfrica
The report shows a steady improvement for quality of life on the continent, but experts say countries need to pay more attention to the potential of entrepeneurs in order to reap the economic benefits. The African Economic Outlook 2017 provides a snapshot of the continent over the next two years, examining the ways in which it could improve in the fields of macroeconomics, trade policies, human development and governance. A key focus of this year's outlook is the need to unlock the potential of Read the full story
ASIA
How Britain will play a key role in building China's new silk road
The Telegraph
Britain will play a pivotal role in building China’s new silk road, cementing London’s position as the world’s financial centre after Brexit. Read the full story
Why China has so little foreign debt
ValueWalk
Last week, the bond credit ratings firm Moody’s Investors Service (otherwise known as “Moody’s”) downgraded its credit rating on China’s debt. When a ratings agency like Moody’s, one of the big three ratings firms alongside Standard & Poor’s and Fitch Ratings, cuts a credit rating it implies that a particular country or company is less... Read the full story
Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund
CNBC
Singapore's central bank on Tuesday said it has fined Credit Suisse and UOB for money laundering breaches related to a Malaysian state development fund, 1MDB. Read the full story
Hong Kong's overnight yuan borrowing rate surges over 21 percent to highest in nearly five months
http://www.cnbc.com/2017/05/
EUROPE
London top city in the world for number of multimillionaire residents
The Independent
Global economies may be battling stagnant wage growth and other stubborn economic headwinds but the richest of the rich are still getting richer and, despite Brexit, London is leading the way. Read the full story
Eurozone Economic Confidence Weakens Unexpectedly
RTTNews
Eurozone economic confidence declined unexpectedly in May from a near decade high on weak services and retail sentiment, yet remained strong enough to signal a pick up in the growth momentum. The economic confidence index declined to 109.2 in May from a revised 109.7 in the previous month, survey results from the European Commission showed Tuesday. Read the full story
Here’s What Corbyn’s Labour is Proposing for Britain
Bloomberg
With less than two weeks to go to the U.K. general election, polls indicate the opposition Labour Party is creeping up on the Conservatives. While incumbent Prime Minister Theresa May is still the clear favorite, an upset would bring to power a government that wants to nationalize industries and re-write decades of foreign policy. 1. Taxes Corbyn’s manifesto pledges an income tax increase for the top 5 percent of earners -- those with an income of more than 80,000 pounds ($103,000) -- and tax on Read the full story
Euro falls as Greek debt fears mount, but French growth revised up - business live
the guardian
All the day’s economic and financial news, including new French GDP figures and the latest around Greece’s bailout Latest: Greece denies planning to miss July debt repayment Greek worries push euro lower French GDP revised up to 0.4% for Q1 2017 IAG shares down 4% after British Airways disruption Introduction: Election weighs on the pound 9.44am BST Sweden’s economy had a disappointing start to this year, new GDP figures show. The Swedish economy grew by 0.4% in January-March, down from 0.7% in Read the full story
Greece, Italy uncertainties dent euro, Asian stocks, lift yen
Reuters
Concerns about situations involving Greece, Italy and the European Central Bank kept the euro under pressure on Tuesday. Read the full story
Tied to EU for YEARS: Brussels warns SLOW BREXIT will see Britain tangled in red tape
Express
BRITAIN could still be tangled up in European Union financial and legal systems for years even after Brexit, Brussels has insisted. The European Commission published two negotiating papers on Monday which outlined citizen’s rights and the process of agreeing the divorce bill. The Brussels bloc said the UK will still be liable for certain financial payments, such as the salaries of British teachers at schools for children of EU officials, until 2021. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday 5/31/17 did update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is 155,688,671
There is one news and announcements for Wednesday 5/31/17
(Al-Muthanna Governorate and the Public Authority for Meteorology and Seismic Monitoring)
2017/5/31
ISX Update:
Value Traded
429,076,586
Shares Traded
636,554,890
ISX ended in Red
Kauaihn Chatter:
5-31-2017 Newshound/Intel Guru BGG "Our economy is space. Monetary policy is an example" The...article is a VERY HARD translation - BUT IMHO FILLED with DEAD GIVE-AWAYS! ...for those pouting about not being rich yet - this is one more log on the FIRE! What it means is - they are doing things (up until now) this economist doesn't understand and can't explain. Quotes: "...we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar..." "The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy..." BOOOOM...That's all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
5-30-2017 Newshound/Intel Guru Mnt Goat The CBI will allow the 25,000, 10,000 and 5,000 to coincide in the economy for up to 10 years but in VERY limited quantities. These will used more for inter-banking transactions at this point. Some also consider the 1000 dinar note to be a candidate for this category and will remain as part of the new currency category going forward after RV. As the economy grows and the value of the dinar rises the necessity rises for the CBI to then launch the 10, 5, and 1 Dinar notes and maybe some other Fils over time, as needed. Just remember this is a SLOW process and they must build their economy to meet this trend. The economy is growing and as the government moves more and more of the funding to reconstruction away from fighting ISIS we can expect it to grow exponentially over the next couple years. So as the economy grows so will the value of their currency. Some say the currency value will rise very suddenly, as investors flock into Iraq. Well we have to wait and see what happens. [post 2 of 2]
5-30-2017 Newshound/Intel Guru Mnt Goat "Iraq’s Central Bank to delete zeros from Iraqi currency." Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency. Also remember that some the lower denoms are in FACT already launched. ...the new rate can not come out too high since they are including the 500 and 250 notes as part of the lower denoms. The 25 and 100 are also included but not yet launched. They told us these notes will come when they get closer to any significant value change. So the target for the project to delete the zeros is so misunderstood. It only includes eliminating the very large 3 zero notes including the 25,000, 10,000, 5,000 notes. But they can not do this overnight. It is a gradual phasing out over 10 years. In fact they are moving ahead with the project right now... The electronic banking, use of the key cards, etc...are all efforts to limit and shrink the money supply. With electronic banking the CBI is no longer reissuing and recirculating billions of these 3 zero notes, since it is now all digital. This is all indications and tell us of the project to delete the zeros is fully underway. [post 1 of 2....stay tuned] 5-30-2017 Intel Guru RayRen98 PM Abadi is in Mosul for an in-person view of the liberated locations. Iraqi TV (stateside) talks of preparations for celebrations projecting final completion for June 10, 2017. The IMF is expected to meet with the CBI on Wednesday. Leaflets are reportedly being being dropped in ISIS inhabited areas encouraging the citizens to evacuate. Full liberation is expected in one week. Bankers in Dubai are also hooked on seven days. Time Will Tell All.
5-30-2017 Intel Gurus Delta and Frank26 CBI...UNUSUAL...ACT...TUES. MAYBE...RED [RED ALERT?]. [CBA (CBI?) is trying to finish all auctions very quickly before the end of the week.] That would be great...Then they can use them only as and when needed. This mechanism is also being well Controlled. Lets see if they reach this goal by Sunday.
5-30-2017 Newshound Guru Kaperoni The important thing to realize...is that currency (in this case the dinar) is directly related to the success or growth of the economy. There are no overnight events... The IMF has made it very clear that the path for the dinar will be a float or gradual appreciation of the dinar based on the growth of the market economy. This is known as the Balassa-Samuelson effect... In order for the dinar to appreciate in value, Iraq needs to create the conditions that allow investors to come in and invest, participate in the economic resurgence of Iraq. When that happens, we will see the dinar appreciate. There are no shortcuts. 5-30-2017 Newshound Guru tman23 Liberation is a matter of an announcement and appears Abadi wants to make a national announcement in regards to "the event" !!! As posted last week......Friday was new moon.......in the complete darkness the assault begins putting the enemy at a huge disadvantage........we expected it to be done at the latest -Tuesday...Military commanders under Maliki's hand like to upstage Abadi........... The announcement from Abadi will show power and authority........and hopefully he can offer Iraq a vision with something tangible......... So without a single doubt there is a timing strategy to the final announcement to Mosul......
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)
The Cabinet holds its regular session under the chairmanship of the Prime Minister Dr. Haider Abadi
The Council of Ministers holds its regular session chaired by Dr. Haider Abadi
========
The Cabinet held its regular session on Tuesday 30 May 2017 under the chairmanship of Prime Minister Dr. Haider Abadi. The Council discussed the issue of investment in the integrated housing project in Maysan province, and directed the Council to complete the National Investment Commission required details in the light of what happened at the meeting of the Council of Ministers. The Council voted to lift the condition of the sponsor of the requirement to grant loans for a project exclusively Bsaima, and mortgage the housing unit of banks (Rafidain, Rasheed, Commercial Bank). The Cabinet also voted to conclude a partnership contract between the Iraqi Oil Tanker Company and the Arab Maritime Oil Transport Company, of which Iraq contributes part of its capital. The council also urged the acceleration of the national card procedures in Baghdad and the provinces. The Council directed the Ministry of Finance to transfer 25 billion dinars from the budget of the Ministry of Transport to the account of the South Korean companyDuo implementation of the project of the west breakwater of the port of Faw, and the formation of a committee to negotiate with a company that offered to refer to an investment project. The council also set up a committee to review the draft urban planning law. He also directed the cabinet to speed up security checks for staff in the liberated Nineveh provinces. Prime Minister 's Media Office May 30, 2017
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ARTICLE 1-B
URGENT Abadi directs Baghdad operations to preserve security after Karrada and retirement
2017/5/31 12:29
[Ayna-Baghdad]
The Prime Minister directed the Commander-in-Chief of the Armed Forces Haider Abadi, the Baghdad Operations Command to maintain the security of the capital after the bombing of Karrada and another near the Department of General Al-Salhiya district.
A statement from the Prime Minister's Office received a copy of it from the Office of the Prime Minister that Abadi "visited the headquarters of the Baghdad Operations and meetings with its leaders and issued a set of measures and orders to contribute to maintaining security in the capital and protect the lives of citizens."
Abadi told the meeting, according to the statement, "on the security plans in the capital Baghdad after the terrorist bombings that targeted citizens in Karrada and the Department of Retirement." "The Prime Minister" the importance of thwarting the schemes of the enemy, which receives defeats at the hands of our heroes on the fronts of the fighting and trying to undermine the security of citizens. " Abadi stressed that "all those who want to tamper with the lives of innocent people and not allow him to carry out his plans, especially as we cover the last black pages, should be punished." On Tuesday, 35 people were killed and more than 60 were wounded when two car bombs exploded in the Karrada district near al-Faqmah and another near the General Retirement Department in Salhiyah.
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ARTICLE 2
Maliki: The government of Abadi has dropped the prestige of the state and Barzani depends on Israel to expand
2017/5/31 10:05
[Where - Continue]
The head of the coalition of state law, former Prime Minister Nuri al-Maliki, strongly criticized the performance of the government successor Haidar Abadi, "accusing at the same time," the Kurdistan region President Massoud Barzani, relying on Israel to expand on land in Iraq, the establishment of the Kurdish state.
Maliki said in an interview with the Lebanese newspaper [Al-Akhbar] on his vision in the performance of the government of Abbadi: "In terms of combating terrorism, the performance of government is good, despite the irregularities that occurred and the introduction of international forces without a parliamentary decision, good progress, but this is not enough, Means exclusively] the fight against terrorism, and fighting the preacher, the prestige of the state is now a problem, and what concerns us is the abuses and the security situation is bad, and the rebellion of the state. "
"Yesterday, they occupied the Najaf airport and its markets, this aspect is very dangerous, and if, in the past, they are in Basra, The situation has not been dealt with and will deteriorate and deteriorate, and there will be an opportunity for militias and gangs and outlaws to rebel. " "I do not understand why the government withdrew from the central bank reserves of $ 40 billion. The Treasury has delivered a reserve of $ 83 billion," he said. They are saying that the war is over and they are buying arms and equipment, but in fact I bought all the weapons, they did not buy arms, except the gear and the spare parts. I bought the weapon From Iran during a premeditated attack, and before him I bought planes from UmmYarka, Korea, and tanks from Russia. " "In addition to the fall of the prestige of the state and the economic situation, the political reality is not immediately healed. Is it conceivable that a government can not appoint three ministers, a government that is consistent, strong, democratic, weak state, and the dawn of the phenomenon of corruption, In all parts of the state, from the policeman to the minister, I am afraid today that the development of these repercussions, and a major crisis, and perhaps one of its objectives to disrupt the upcoming elections. "We will not allow the postponement of the elections one day, and this is a challenge for us. We in the National Alliance have agreed on the need to hold the elections on time, and I call on everyone to raise the voices calling for the elections to be held on time. That the provincial elections will not be held in September, but will merge with the parliamentary elections, which is feared to be postponed. "I do not want to return to any executive authority, but I will remain in political power," he said. "I want to be a partner in drawing up a solid and new political system that will save the current political process, either by being a partner through the election portal, Or gateway alliances. " "My project, which I am working on, is to achieve the principle of the political majority [that is, the largest parliamentary bloc]," he said. "If that happens, I consider myself to be, and I am a referee, and a partner too." Asked about the project of secession of the Kurdish region and the demand of some Kurds to a referendum in Kirkuk, the head of state law, "strong differences between the Kurdistan Democratic Party and the Patriotic Union of Kurdistan and the Party of Change, and the crisis of Kurdistan is known, when the internal crises in Barzani, come out with such statements." He added that "the issue of separation is for consumption now: to meet the challenges and opponents to him In addition, under the law of the region, Barzani is no longer a legitimate president for the end of his mandate, and his internal policy is violent and individuality and lacks any legal cover," he said. "He [Barzani] governs the Kurdish way of the elders of the former Kurdish tribes, and the Agawa, and one day would like to make the conditions and form a major Kurdish state, and cut off parts of Syria, Iran, Iraq and Turkey, but the surrounding data do not allow this And it is at least in the public's right for states not to support such behavior, with the exception of Israel. It depends on Israel, in all its policies and in all its plans. " "He also says that I will not separate without joining the Mansuriya mountain, Mosul, and others, I have stood in his face strongly before, and Barzani, since the start of operations to restore Mosul, seized 12 administrative units in Mosul, , I can not say that there is agreement, but this is the reality, there is no objection from the government on his actions, he decides and expands, as determined and do others in the south. He said that "Barzani's chance to keep this government weak, so that he can expand to Kirkuk and others, but the issue of separation, I think he can not achieve, at the internal level, lacks harmony with other spectra, and on the outside, the environment does not accept it, The international situation accepts that. " "For the Kirkuk referendum, it is not his right to hold a referendum on secession or self-determination. There is no self-determination in our constitution. The Kurds have decided their fate with this constitution. They voted for it. The constitution says: Iraq is a federal federal republic, Federal Republic of Iraq. " "Barzani is going out every day to call for a poll, a vote and a referendum. This is not his right. Barzani is not seeing anything in front of him: he does not respect a state and terrorizes it, and goes beyond all the red lines." "Now, Kurdistan has become a springboard for all the Israeli companies and intelligence. Unfortunately, every day the spectra take delegations and travel to Erbil. Massoud himself does not cost himself and comes to Baghdad. He always declares and defies the capital, sells oil as he pleases, speaks and moves on the ground. And oppresses the minorities and the components, and does not hear a word of rejection from the government or the political forces. This is the problem that we are facing now. The Barzani is not the kind who grants such freedom, but must face the facts and the facts. "As he put it.
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ARTICLE 3
Presidency of the Kurdistan region respond to the statements of Nuri al-Maliki
Irbil, Iraq - May 30: The spokesman of the Kurdistan Regional Presidency, Omid Sabah, on Tuesday, a strong response to the Vice President of the President of the coalition of state law, Nuri al-Maliki on the statements made in an interview with the Lebanese newspaper Al-Akhbar, which attacked the right of report The fate of the Kurds and the Kurdistan region, stressing that this person formed by his existence the biggest problem for Iraq, and was a source of failure and calamities that this country, and contributed to the spread and spread of terrorism, and do not be ashamed and contentment from mere appearance and speech.
Sabah said in a statement published by the official website of the presidency of the region: In an interview with the Lebanese newspaper Al-Akhbar, the former Iraqi Prime Minister Nuri al-Maliki, without any right to the demands and rights of the people of Kurdistan, and launched many statements and speech unacceptable to Mr. President of the Kurdistan Region, To speak with temperament about the events in the Kurdistan Region and on the rights of the people of Kurdistan.
The statement added: "Maliki has used to make fun of his hostility to the people of Kurdistan for election propaganda, but despite all his desperate attempts, Maliki and his successor and those who believe his words and statements are not any concern for us and their statements and opinions are of no value to us.
The statement added: "We are very surprised when we see a person who formed the biggest problem for Iraq, and was a source of failure and calamities that this country suffered, and contributed to the spread and spread of terrorism, do not be ashamed and contentment of mere appearance and speech, was supposed to this person who contributed to Sabotage Iraq to end its political life or at least to hide itself and hide from the eyes of Iraqis. "
"This person is the one who placed Iraq at the top of the list of the world's most corrupt countries. He supported the theft and lack of transparency in the country. He threw Iraq into the flames of sectarian violence. Hundreds of intellectuals and Sunni elites were assassinated, many of them unknown. Destiny ".
The spokesman for the presidency of the region, saying that "this person who does not know the Covenant and the fulfillment of the Covenant any meaning, but simply leaves the covenants, which is far from all the principles of purity and originality and humanity, how can this person be given another opportunity to govern Iraq ?, and how can To allow him to cause Iraq to face various problems and calamities again?
Sabah asked Al-Maliki: "What did you give to Iraq? You controlled more than 500 billion dollars of Iraq's revenues, half of which was lost in theft and corruption, and the other half was spent to sabotage Iraq. "
The statement also said that "this man used in his meeting with the Lebanese newspaper the language of threat against the people of Kurdistan, so we say to him: If you are brave, this is the battlefield and you can test yourself, as many of you before who were stronger and more powerful than you themselves Only to suffer failure and a break in front of the will of the people of Kurdistan, and received their fate fateful and fateful. "
"The preamble of the Iraqi constitution clearly and clearly states that the implementation of this constitution guarantees the survival of Iraq, and this is what Maliki did not implement, and bypassed the constitution and did not give any attention, even if Maliki had respected the Constitution in the dark period, which was the Prime Minister of Iraq, To respect the rights of the people, we would not witness such problems and disasters that have occurred, and therefore we emphasize that those who did not apply the Constitution and exceeded and neglected, does not have the right to talk about him and support him.
The spokesman for the presidency of the region that "the independence of Kurdistan is the right of the people of Kurdistan, which is not in the place that allows anyone to talk about it, and should know that Maliki is good that all Kurdistanists and all parties and trends in Kurdistan stand in a row and one voice with independence, He was deceiving himself with the positions of some Kurds who have no will, so be assured that his place and with him and including some Kurds loyal to him will be only the dustbin of history.
"According to the law of the region, Barzani is no longer a legitimate president (for the expiry of the deadline)," Maliki told the Lebanese daily al-Akhbar. "His domestic policy is violent, isolated and lacks any legal cover. Kurdistan governs the way former Kurdish tribal sheikhs, and the ayatollahs. One day, Barzani would like to see the conditions become possible and form the largest Kurdish state, and parts of Syria, Iran, Iraq and Turkey will be cut off. However, the surrounding data does not allow such behavior, and at least the public has the right not to support such behavior, except for Israel. It depends on Israel, in all its policies and in all its plans. " Finished
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ARTICLE 4
Jubouri: Karrada bombings and general retirement evidence of the defeat of Dahesh Mosul
2017/5/30 12:47
[Ayna-Baghdad]
Speaker of the House of Representatives Salim al-Jubouri condemned the cowardly criminal bombings that targeted the Karrada and Al-Shuhadaa districts of Baghdad, which claimed the lives of innocent civilians.
"We condemn all condemnations and condemnations of the cowardly terrorist bombings that targeted a number of areas of Baghdad, which resulted in the deaths of unarmed civilians during the holy month without taking into account the sanctity of this month and its humanitarian value," Jubouri said in a statement received by the agency All Iraq [ .
He stressed that "the repetition of terrorist operations is evidence of the defeat of the criminal advocate in Iraq, after receiving painful and devastating blows by our heroic security forces in the city of Mosul, a guide to desperate attempts to cover up the successive losses through terrorist operations cowardly and cheap." "We also commend the role of our armed forces and their sacrifices, which proved their ability to fight against the oppressors," he said. Criminalization and elimination in a battle that proved to the world the ability of the Iraqis to eliminate terrorism and its radical ideology. " In Baghdad, a car bomb exploded late Monday in the Karrada district near al-Fakama wetlands, killing eight people and injuring 30 others. A car bomb exploded near the General Retirement Department in the Salhia area, killing at least 13 people and wounding more than 30. Terrorist gangs have adopted the bombing of Karrada.
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ARTICLE 5
Nujaifi: Bombing bombings in Baghdad just an attempt to cover up the defeat
2017/5/30 16:11
[Ayna-Baghdad]
The deputy president of the republic, Osama Najafi, that the fall of dozens of Iraqis between a martyr and wounded in two bombings occurred, last night and this morning, in Baghdad, an attempt by gangs, calling the terrorist to cover up the defeat in Mosul and the huge losses suffered there in individuals and equipment.
"We condemn the two criminal bombings in Baghdad on Monday night in the Karrada area and this morning near the Directorate of Retirement in Karkh, which killed dozens of innocent people between a martyr and a wounded," Nujaifi said in a press statement.
"We deplore this cowardly act and promise it of terrorist acts aimed at killing innocents and destabilizing the security, to cover up the great losses of Da'ash and his terrible defeat in Mosul with the imminent announcement of its final liberation." Nujaifi also called on the security services in Iraq to make a double effort to reduce the terrorist operations against innocent citizens and their property. In the past 12 hours dozens of martyrs and wounded in two bombings occurred in neighborhoods of Karrada and Kirkuk in Baghdad. According to a security source killed nine people and wounded 36, including women, children and security personnel, in the final outcome of a car bomb explosion, this morning, before the General Retirement Department in Karkh, came hours after the fall of martyrs and wounded in a car bomb in the Karrada area.
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ARTICLE 6
The Eiffel Tower turns its lights on the martyrs of Baghdad
PARIS, May 31 (Reuters) - The management of the famous Eiffel Tower in Paris, the capital of France, has decided to extinguish its sadness over the victims of the Baghdad bombings.
The administration of the tower wrote on Twitter, it will turn off the lights in the middle of the night, sad for the victims of the attacks in Baghdad.
Two explosions occurred in the capital Baghdad, one of them through a car bomb in the early hours of dawn in the Karrada district of central Baghdad, causing the deaths of nine people, including two traffic police and wounding a number of wounded, as well as eight wheels, including three of them to the security forces.
While the second explosion was also by a car bomb in front of the Directorate of retirement near the bridge Martyrs in the center of the capital, killing 10 people and wounding 44 others.
The Da'ash organization, which lost vast areas of cities and areas it controlled in mid-2014, adopted the bombings. Finished
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ARTICLE 7
The first Iraqi pilot officer graduated from the US Air Force Academy
2017/5/30 22:29
[Ayna - Baghdad]
The Iraqi Air Force, in the presence of its commander, Air Force Commander Anwar Hamad Amin, celebrated the graduation of the first lieutenant of the US Air Force Academy to become the first Iraqi officer to graduate from the academy.
"The graduation ceremony was attended by the US Air Force Secretary, the Chairman of the Joint Chiefs of Staff of the US Armed Forces and the US Air Force Commander," a defense ministry statement said.
"The first lieutenant spent four years studying at the college and studied engineering there and was also a teacher on tg16 aircraft. The number of students graduating with the first lieutenant was close to 1000 students, including 14 students from 14 foreign countries." He said that "the first lieutenant, one of the best in the college and received several certificates of appreciation, including the best teacher flying in a classroom."
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ARTICLE 8
Today's google drawing celebrates Zaha Hadid
Dame Zaha Mohammad Hadid DBE RA was an Iraqi-British architect. She was the first woman to receive the Pritzker Architecture Prize, in 2004. She received the UK's most prestigious architectural award, the Stirling Prize, in 2010 and 2011. Wikipedia
Born: October 31, 1950, Baghdad, Iraq
Awards: Pritzker Architecture Prize, Stirling Prize, Structural Steel Design Awards, Glamour Award for The Architect-In-Chief
Iraqi-born British architect Zaha Hadid, was the first female winner of the top Pritzker Architecture Prize on this day in 2004.
She also received the UK's most prestigious architectural award, the Stirling Prize, and she became the first woman to be awarded the 2016 Royal Gold Medal inarchitecture by the Royal Institute of British Architects.
Today, Zaha's ongoing legacy is featured by Google, who is paying homage to a woman "who captured the world's attention and shattered glass ceilings".
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Wednesday, May 31, 2017
Word on the Street Wednesday 5/31/17
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