Monday, June 19, 2017

Word on the Street Monday 6/19/17

Word on the Street Monday 6/19/17

Updated Map of Mosul


This is what they are showing us  but I believe they are further along

Map update of #Mosul Old city, the NW front which is lead by Counter Terrorism units have made gained significant. #Iraq


Brett McGurk Retweeted Haider Al-Abadi
Welcome today's landmark visit by #Iraq PM @HaiderAlAbadi and accompanying ministerial delegation to #SaudiArabia.
Brett McGurk added,



Richest Americans Will Control 70% Of Country's Wealth By 2021, BCG Says


Being rich is great. But being rich in America? That’s even better.
With US stock benchmarks trading just below record highs, and Treasury yields not too far from the all-time lows reached last summer, the gulf between the world’s wealthy elite – those 18 million households worldwide with more than $1 million in assets – and everybody else is rapidly widening.
According to a new study by Boston Consulting Group via Bloomberg, these households - with a total head count of roughly 70 million people, or about 1% of the world’s population - control 45 percent of the $166.5 trillion in wealth. By 2021, they will control more than half, suggesting that, while wealth inequality in the rest of the world is simply accelerating, in America, it’s gone into overdrive. Right now, 63 percent of America’s private wealth in the hands of U.S. millionaires and billionaires, BCG said. By 2021, their share of the nation’s wealth will rise to an estimated 70 percent.
“The share of income going to the top 1 percent in the U.S. has more than doubled in the last 35 years, after dropping in the decades after World War II (when the rich were taxed at high double-digit rates). The tide shifted in the 1980s under Republican President Ronald Reagan, a decade when “trickle-down economics” saw tax rates for the rich fall, union membership shrink, and stock markets spike.”
In its report, BCG puts the global rate of wealth creation in 2015 and 2016 at 5.3 percent, though the consulting firm expects it to accelerate to about 6 percent annually for the next five years. Those gains will accrue almost exclusively to the wealthiest Americans, while wealth held by everyone else is just barely growing.

Of course, there’s a caveat: In America, most of these gains exist only on paper. More than 70% of new wealth creation is derived from the rising value of rich investors’ portfolios. The rest is what BGC describes as “new wealth creation” aka real money earned by workers and entrepreneurs. Globally, the share derived from asset valuations falls to about 50%.
“In the U.S., the creation of “new” wealth is a minor factor, making up just 28 percent of the nation’s wealth increase last year. It’s even lower in Japan, at 21 percent. In the rest of the Asia Pacific region, meanwhile, two-thirds of the rise is driven by new wealth creation.”
The richest Americans could receive an additional bump if/when President Donald Trump pushes the fiscal agenda on which he campaigned through Congress – an agenda that includes tax cuts, deregulation and trillions of dollars’ worth of new infrastructure projects. However, since the exact details of these policies are not yet widely known, it’s difficult to predict their specific impact, BCG says.
“’No one knows’ what kind of tax changes will become law, said BCG senior partner Bruce Holley. However, “this could buoy the [growth in U.S. wealth] that we are predicting.”
America remains home to the highest concentration of millionaires and billionaires in the world, and their ranks are growing fast: Today, about 7 million Americans are worth more than $1 million. BCG expects that number to balloon to 10.4 million by 2021 - an annual growth rate of 8 percent, or about 670,000 new millionaires each year.
China has the second most millionaires and billionaires, at 2.1 million, though its population is four times the size of the US.
Within the US, glaring disparities exist from region to region. As Fortune reported back in 2015, roughly two-thirds of America’s millionaires and billionaires live in 12 metro areas, mostly wealthy enclaves along the coasts.
Meanwhile, according to the Federal Reserve’s latest survey of household economics and decisionmaking, a quarter of American adults can’t pay all their monthly bills, and 44% have less than $400 cash on hand in case of an emergency.

Word on the Street Monday 6/19/17:
Forex Rates
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,139.7000  1,193.2000 1,139.7000 1,138.5000 1,138.5000  1.2000 07:16
 USD/VND  22,357.0000  23,070.0000 22,357.0000 22,280.0000 22,280.0000  77.0000 07:16
 USD/CNY  6.7942  6.7947 6.8194 6.7823 6.8040  -0.0098 07:17
 USD/KWD  0.3029  0.3039 0.3032 0.3026 0.3030  -0.0001 07:15
 GBP/USD  1.2794  1.2795 1.2814 1.2764 1.2774  0.0020 07:17
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  13,276.0000  13,290.0000 13,296.0000 13,264.0000 13,278.0000  -2.0000 07:16
CNBC Link:  

Dhi Qar gives electricity a week to increase its quota and threatens escalating measures

Editorial date:: 2017/6/18 14:49 • 29 times read
(Dhi Qar: Euphrates News) The Council of the province of Dhi Qar, on Sunday, the Ministry of Electricity one week to increase the share of the province, threatening to take escalatory measures in accordance with the law and the Constitution.
The President of the Council, Hamid al-Ghazi, said during a press conference held in the Council building today, followed by the agency {Euphrates News}, "The province appeals to the Prime Minister Haider Abadi, to intervene immediately to re-share the province, and equal with other provinces, and stop the remote fire operation carried out by The Ministry of Electricity, which caused a lot of faults and damage to the network of the province of electricity.
He added that "the ministry is still determined to seize the right of conservation of energy, and did not abide by any agreements with the Special Coordinating Committee in the Council of Ministers," warning that these pieces and reduce the share of the province is a collective punishment imposed by the ministry on Dhi Qar for refusing the privatization project " .
Al-Ghazi pointed out that "the province requires electricity to disclose the criteria adopted in the division of energy between the provinces, if these standards depend on population density, the Dhi Qar fourth province in terms of population, and if the temperature is the province is the first in the world in degrees the heat".
He warned the government to "break the situation in the province and get out of control," stressing that "demonstrations continue throughout Dhi Qar to protest the poor processing of electricity, especially in the month of Ramadan and continues to rise temperatures."
Ghazi promised the Ministry of Electricity "to take escalatory measures against them, after one week to raise the share of the province, without revealing the nature of those procedures, but only said that it is within the law and the Constitution."

The Municipality of Baghdad shows clear water scarcity

Revision date: 2017/6/18 12:19 • 123 times read
{Baghdad: Al-Furat News} The Secretariat of Baghdad revealed the inclusion of all projects for the production of water net cutting procedures programmed for electricity by the Ministry of Electricity.
"The Ministry of Electricity decided to cancel the excluded lines and to include all the projects of producing clean water in both sides of Karkh Rusafa programmed pieces," a statement of the secretariat said.
He explained that "this measure reflected negatively on the quantities of clean water processed for citizens at a time of increasing demand for water due to high temperatures and increase in consumption quantities."
The statement said that "the programmed cutting was four hours a day from 12 noon to 2 pm and from 4 to 6 pm These times are the peak daily consumption of drinking water."
He pointed out that "water production projects contain fully functioning electric generators capable of securing half the capacity of the projects according to their design capabilities in a manner that causes the inability to access water to areas far from the center of the capital Baghdad."
He added that "the Municipality of Baghdad at the time it apologizes to citizens for this imbalance in the processing of water because of those circumstances beyond its will, it will discuss with the Ministry of Electricity to reconsider its decision, which directly affects the citizens and increase their suffering because of the interruption of water.

Iraqi agriculture confirms its efforts to achieve "self-sufficiency" and reduce the importer

June 18, 2017   Baghdad - Journal News
The Iraqi Ministry of Agriculture announced its ambition to reach the stage of "self-sufficiency" in the production and cultivation of agricultural crops, strategic (wheat, barley, maize) or vegetables and fruits, in order to reduce the size of the importer "poor quality" and thus the provision of hard currency.
"The Ministry has started implementing strategic projects in the agricultural sector with a view to reaching national self-sufficiency through the exploitation of all arable land, which will eventually provide the hard currency that was used for agriculture," ministry spokesman Hamid Nayef told the Journal News. Go for import ".
He added: "The ministry has invited all owners of agricultural land and orchards to review the Central Bank in order to obtain loans for the rehabilitation of their land," pointing out that the "bureaucracy" and abnormal conditions affect the agricultural plans put.
The official spokesman, called on other ministries (trade, industry, water resources) to cooperate with his ministry to reach the desired goal.
In this regard, he noted that his ministry urged "the concerned authorities to activate the manufacturing industries to absorb surplus agricultural production."
"There is support for the farmer through free control programs and subsidized fertilizer programs of 50 percent, as well as the program of modern technologies in terms of water and subsidized water prices, as well as seeds that have been reduced by 70 percent."
The Iraqi government is working to secure the pillars of food security in the country after many years of deterioration of the agricultural sector.

The new ration card model for 2017-2018

Editorial date: 2017/6/18 10:29 • 744 times read
(Baghdad: Al-Furat News) The Ministry of Commerce announced the completion of printing the new ration card for 2017-2018 for six provinces, including Baghdad.
A statement of the ministry received the agency {Euphrates News} a copy of it, the Director General of the Department of Planning and Follow-up in Commerce, Abthal Hashim, saying "the card was completed six provinces (Baghdad, Diwaniyah, Wasit, Najaf, Muthanna and Dhi Qar) with the continuation of technical staff of the Department of Planning and follow-up, For the rest of the provinces and will be distributed to citizens upon completion and issuance of instructions for distribution.
And stressed the "need to report on the deceased and passengers during the distribution period so that the Department can be removed from the ration card in accordance with the regulations and instructions in force in the ministry because that period is a period of amnesty of the legal procedures resulting from that and otherwise the citizen or the beneficiary party shall bear all legal procedures.
On the other hand, Hashim pointed to the cancellation of 63 food and flour agencies during the month of April because of violations of the controls and instructions in addition to the same month and the rotation of 50 agencies and the granting of one agency In a related context, the Department registered 45880 newborn children and a new record 37770 individuals and children as well as write off 39871 individuals and children of ration card due to death or travel, as well as receiving the Division of Citizen Affairs in the Department 23 complaints have been taken appropriate measures against them. Chair inherited from the father to his son ...
The next president of the Kurdistan region "pleased Barzani" !!
18-06-2017 03:10 PM
Readers

Baghdad News -

The head of the Kurdistan region, Massoud Barzani, not to explain in the elections, which is scheduled to take place before the end of this year in the region, what opened the field or analyzes and speculation about the potential successor to Barzani and scenarios for the presidency of the region, which is the subject of controversy and a great divide on the Kurdish political scene at the moment .

Massoud Barzani has headed the Kurdistan region for twelve years in different ways and forms. He was elected once through the parliament of Kurdistan and again through direct popular vote. The parliament extended his mandate for another two years. The Shura Council approved the continuation of his post after the end of the extension, A large on the Kurdish arena between the survival of the post in violation and violation of the law and between those who consider the matter a reality in light of postponement of the elections and the absence of an alternative to receive the presidency.

As the parliamentary and presidential elections in the region approach the Kurdish political scene, there are analyzes and questions about the position of the Kurdistan Democratic Party, headed by Barzani, on the presidency? Is Barzani a second candidate for the nomination or reached the conclusion that the illegality of candidacy for the third time after the completion of three presidential sessions, in his last meeting with the magazine Foreign Policy and accepted with the French Le Monde Barzani not to run for a term that is the fourth in practice, After holding a referendum aimed at independence and building a Kurdish state in the silence surrounding the rest of the leaders of the party, which focus on the preparations of the referendum and avoid talking about the presidency in the recent period, despite the statement more than once that Barzani is eligible to run because he was elected once through the vote And is entitled to re-election according to this mechanism, and faces this scenario risks of deepening the division and political rift in the region against the backdrop of the presidential crisis.

Observers and specialists are likely to push the Kurdistan Democratic Party to the son of Barzani, delighted in the next elections, which is scheduled to take place before the end of this year, has already said Barzani Jr. in an interview with the National newspaper of the UAE intention to run for the presidency of the province and fill the place of his father.

These expectations and the recent political developments reinforce Barzani's pleasure in visiting Washington and Baghdad and intensifying meetings with the political parties allied to or close to the party. Independent Kurdish sources close to the Barzani family said that Mesrour is the next president of Kurdistan.

At present, the referendum campaign is dominating the presidency and the upcoming elections, causing fears among the observers and opponents of the presidential and parliamentary elections to be held on September 25, whether by postponing the elections due to the lack of readiness of the Commission or insisting that Barzani be elected once Others on the pretext of completing the march and achieving the outcome of the referendum, which is likely to end in favor of supporting the construction of a Kurdish entity in the Kurdish territories currently belonging to the Iraqi state.
"

A company affiliated to the Ministry of Industry in Dhi Qar distributed 75 thousand dinars "Eid" for each associate


The General Administration of Or Company of the Ministry of Industry in Dhi Qar announced on Sunday that it will pay the Eid reward to its employees.
The general manager of the company, Haidar Sahar, told Al-Ghad Press that "the decision to pay the Eid reward came in implementation of the recommendations of the Board of Directors of the company to distribute the Eid al-Fitr reward to all members." He pointed out that "the number of employees covered by Eidiyah is more than 3250 members" .

He stressed that "the amount of Eidiyah will be 75000 dinars per associate," noting that "this step comes to support the company's employees and motivate them to provide the best service to the Iraqi industry."
"The Eid did not include employees assigned outside the company, as well as those who have a vacation more than 10 days," he said."
Kauaihn Iraq Articles:

Urgent : Abadi: We reject Allawi's statements on Qatar and do not reflect Iraq's foreign policy

Editorial date: 2017/6/18 0:04 • 3582 times read
(Baghdad: Al Furat News) via the Prime Minister, Haider Abadi, rejected the statements made today by Vice President Iyad Allawi on the Gulf crisis, stressing that his statements do not reflect Iraq's foreign policy, and Iraq is not a party to the crisis does not intervene .

 

The International Alliance against Terrorism has bombed a strategic bridge in one of the last strongholds of the terrorist organization "Da'ash" in Anbar, west of the country, the correspondent of Sputnik in Iraq reported on Sunday (June 18th).

According to the source, whose name is not disclosed, the coalition aircraft carried out a bomb attack on the bridge of Rawa district on Saturday, "a city resembling the peninsula because it is surrounded by water from all sides", west of Anbar province. The bombing destroyed the bridge, knocked it down and left service, the only bridge in the judiciary.
It should be noted that the bridge narrated a shocking explosion carried out by a suicide car bomb targeted a point for Iraqi forces, and a wedding, in early March 2014, and then killed and wounded dozens.
The Rawat Bridge is a link between the judiciary and the rest of the cities of Anbar province, and a supply line for the terrorist organization infiltrates from the desert to target the security services and launch mortars and rockets at the nearby districts, including Haditha and al-Hartba.


A deputy for Basra calls the Ministry of Oil to supply a naval station with heavy fuel to activate navigation


It is noteworthy that the organization "Daash" lost most of the areas of control in Anbar province, the progress of Iraqi forces with the support of the International Alliance against terrorism, and the rest of the control of only the border districts adjacent to the Syrian territory, namelyBaghdad / Al-Ghad Press:
The MP for the province of Basra, Jamal al-Muhammadawi, on Sunday, the Ministry of Oil to equip the floating marine station in the territorial waters heavy fuel to accelerate the opening and operation, stressing the importance of attracting ships and tankers and entering the Iraqi ports.
"The project of floating marine station in the territorial waters is important in activating ports, providing services for ships and activating maritime traffic to attract vessels and oil tankers, entering into Iraqi ports and providing difficult currency to the state treasury," he said in a statement.
He called, "the Ministry of Oil to the need to strengthen the role of the General Company for Maritime Transport and cooperation with them through the support of the marine terminal by heavy fuel processing to accelerate the opening and operation of the plant."
He stressed, "the need to contract with them to ship their cargo from outside Iraq to be able to benefit from the proceeds of shipping operations in the purchase of new vessels to maximize its fleet."
The establishment of the station is in implementation of one of the paragraphs of Article IV of the Law of Maritime Agencies No. 83 of 2012, according to which the duties of the General Company for Maritime Transport to provide ships, tankers and floating commercial units that enter the water and Iraqi ports with navigators, fuel, fresh water and livelihood

Legal proceedings await the former governor of Baghdad

Baghdad - Journal News
Baghdad Governor Atwan Al-Atwani will take the necessary legal measures "against the corruption files of his predecessor Ali al-Tamimi," said a member of the Baghdad Provincial Council Saad al-Mutlibi.
Al-Mutlabi said in a statement to the «Journal News» on Sunday, that "the files of corruption, which was diagnosed on the governor of Baghdad, former Ali al-Tamimi, which was dismissed on the basis of, will take appropriate action and transfer to the judiciary."
"The Baghdad Council is no longer responsible for these files and the direct follow-up towards them will be for Al-Atwani."
And voted the Baghdad Provincial Council, earlier this year, to remove the governor Ali Tamimi, who belongs to the Sadrist movement, to count the lack of conviction Ajopth during a hearing on the background of financial and administrative corruption charges accused.

Visits of politicians to neighboring countries, normalization of relations and ensuring unity of the country

The deputy of the National Alliance, Zaher Abadi, said Sunday that the visits and tours of Iraqi politicians to some countries in the region, comes with the aim of "normalization of diplomatic relations with those countries, and maintain the unity of the country."
"The recent visits by the National Alliance and the Union of Forces to the neighboring countries come to reassure those countries of the security situation in the country and of the war on terror," Abbadi told Al-Jazeera News.
"If they are in the interest of the Iraqi people, they are welcome, but if there are agreements and political alignments at the expense of other parties, they are rejected and may make Iraq the arena for regional conflict."
Abadi also noted that "Iraq has suffered a lot of conflicts ... and the resulting terrorist organizations as (al Qaeda) and (calling) terrorists."
The MP warned of the province of Basra of the production of new terrorist organizations after the elimination of "Daash" for the purpose of destabilizing the situation and stability in Iraq and the region.


Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER




GLOBAL/NEWS/INFO




Tompor: Packing up credit card tips for stress-less vacation
USA TODAY
There are some savvy ways to avoid a budget buster involving credit cards this vacation season. Read the full story




OIL / COMMODITIES / ENERGY

Crude Oil Futures - Weekly Outlook: June 19 - 23
Investing.com
© Reuters. WTI crude posts longest weekly losing streak since 2015 Read the full story




Gold / Silver / Copper futures - weekly outlook: June 19 - 23
Investing.com
© Reuters. Gold tallies back-to-back weekly loss Read the full story


BANKS / BANKING


Financial planning: Why you should scatter your bank accounts
USA TODAY
You don’t need to have all your accounts at the same bank. In fact, you might benefit from splitting them up. Read the full story



Savings and Loans companies urged to adhere to BoG standards
AdomOnline
The Non-Bank Financial Institutions (NBFI) play a critical role in building a strong and viable financial sector for the development of the national economy, Head, Banking Supervision Department at the Bank of Ghana (BoG) has said. According to Raymond Amanfu, Savings and Loans Companies accounted for 45 percent of total credit of GHC3.97 billion of the NBFI sector. Mr. Amanfu revealed this at the 7th Annual General Meeting of the Ghana Association of Savings and Loans Companies (GHASALC) which Read the full story


Bankers to meet Monday to decide on large defaulters
Livemint
Mumbai: Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to National Company Law Tribunal (NCLT) after the Reserve Bank of India (RBI) named the largest defaulters to face bankruptcy proceedings. Read the full story



TREASURIES/ BONDS/ STOCKS


Here's what the blowoff stage of a stock market bubble looks like
Business Insider UK
We saw the “blowoff” top in bonds last summer (see this and this). This summer investors get to witness what the “blowoff” stage of a massive stock market bubble looks like. My friend, John Hussman, outlined the technical case earlier this week. Tweet Embed: https://twitter.com/mims/statuses/874268041458176000 'Increasing frequency and shallow character of market retreats is a general feature of speculative blowoffs.' https://t.co/ABURv3lO3ppic.twitter.com/N5shiqUDm3 But in addition to Read the full story



Saudi key player in GCC sovereign bond market – Fisch
Mubasher
By: Mahmoud Gamal Riyadh – Mubasher: The CEO of Fisch Asset Management, Philipp Good, said that Saudi Arabia acquired 50% of total GCC sovereign bond issues year-to-date. “So far in 2017, sovereigns and corporates have issued around $20 billion … Read the full story


ADX ends Sunday down on energy, telecom
Mubasher
Abu Dhabi – Mubasher: The benchmark index of Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session 0.02% or 0.91 points lower at 4,500.86 points. The market’s liquidity shrank to AED 206.68million from AED 490.46 million on Thursday, … Read the full story





CURRENCIES

Pound to euro exchange rate: Martin Lewis reveals if you should buy euros NOW
Express
POUND to euro exchange rate has dipped again today, and uncertainty over the General Election result and Brexit could be to blame for sterling wavering. So Money Saving Expert Martin Lewis has revealed some tips for buying euros now. The pound to euro exchange rate currently stands at €1.14187, a short fall from yesterday’s €1.1421, but an increase from Monday’s €1.128. Read the full story


USA

An economist breaks down why the Fed should have 'erred on the side of caution' with its rate hike
CNBC
'The Fed may raise rates at a faster pace than the economy can withstand,' Stifel Nicolaus' chief economist told CNBC's "On the Money" in an interview. Read the full story

Get ready. Amazon-Whole Foods deal will change how you buy food forever
USA TODAY
Lower prices are just the beginning. Read the full story

Republicans debating remedies for corporate tax avoidance
Reuters
President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.Congressional and administration staff have begun to examine options to address profit-shifting schemes that include so-called transfer pricing, earnings stripping and tax inversions. A decision on how to handle these in tax legislation could come before Congress leaves town for Read the full story



EMERGING MARKETS

Emerging Markets Week In Review: Stumbling After Fed Hike
Barron's
Some big headlines from Brazil, South Africa, Russia and the Philippines this week moved markets in divergent ways. Read the full story






MIDDLE EAST


Iraqi forces launch final assault on Islamic State-held Mosul Old City
Reuters
Iraqi forces began storming the Islamic State-held Old City of Mosul on Sunday, an assault they hope will be the last in the eight-month campaign to seize the militants' stronghold. Read the full story



Oil output cut extension to be seen in Q3 – UAE energy minister
Mubasher
By: Amr Adel Dubai - Mubasher: The decision to extend oil output reduction will impact prices in the third quarter of 2017, said UAE energy minister Suhail bin Mohammed Al Mazroui late Saturday. Speaking to journalists on the sidelines of the … Read the full story



UAE 2050 strategy to save AED 700bn in energy – Minister
Mubasher
Abu Dhabi – Mubasher: The UAE’s new energy strategy is set to save up to AED 700 billion ($190.61 billion) compared to the previous one, said energy minister Suhail Mohammed Al Mazrouei. The UAE’s Ministry of Energy has released the Energy 2017 … Read the full story

Qatari gas supply to UAE to continue – SNOC
Mubasher
Abu Dhabi – Mubasher: The natural gas supply from Qatar to the UAE will not stop after the diplomatic rift between Qatar and some Arab and Gulf states, Reuters reported, citing Sharjah National Oil Corporation’s (SNOC) CEO Hatem Al Mosa as saying. … Read the full story






A
 



FRICA




South Africa's cancer doctor shortage: 'There is a real crisis'
CNN
In the wake of South Africa's troubling public health care provider shortage, there now are no more public health radiation oncologists left in the city of Durban. Read the full story

ASIA
-EU trade deal in sight as gaps narrow on autos, farm produce

The Japan Times
Japan and the European Union are in the final phase of wrapping up a wide-ranging agreement on free trade early next month, seeking to strike ... Read the full story


New Zealand optimistic about free trade deal with U.S.
 Reuters
 The United States has indicated it is open to a free trade agreement (FTA) with New Zealand, New Zealand's trade minister said on Sunday. Read the full stor
EUROPE


'No doubt' over Britain leaving EU: Brexit minister Davis
Reuters
British Brexit minister David Davis heads to Brussels on Monday to open divorce talks with the EU with a message that there should be "no doubt — we are leaving the European Union". Read the full story


Greece blocks EU statement on China human rights at U.N.
Reuters
Greece has blocked a European Union statement at the United Nations criticizing China's human rights record, a decision EU diplomats said undermined efforts to confront Beijing's crackdown on activists and dissidents. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Monday, June 19, 2017 did update on the indicative rates and the sell rate for the USD is 1184. The currency auction is 165,727,169. There are no updated news and announcements for Monday, June 19 2017.
ISX Update:
The ISX latest update is Shares Traded is 624,258,982 and Values Traded is 502,719,468. The ISX ended in RED.
UN Operational Rates Update:
The UN Operational Rates were published on Tuesday, June 13, 2017 and were effective on Thursday, June 15, 2017. Also, there is a 48 hour window on either side of June 15, 2017 for the numbers to be revised and still be official for June 15, 2017 (IMO....Monday, June 19, 2017)
Blogs:
MilitiaMan Article: "Look at the general framework of the National Development Plan 2018 - 2022"
I presume everyone realizes what this means. We know specifically that the 2016 - 2020 plan was about preparing to be a market economy. This is about the plan to manage, by implementing and activating the market economy with impartiality, transparency, lack of nepotism and monopolies. They want it done smartly with the people and government being on a level playing field. The key take away imo is they finished the MRs and now are prepared to activate and manage them. The UNSC document put out two weeks ago explicitly tells us they are going to close the escrow on the oil for food program. Effectively once that is done they will be out from under Chapter 7 which includes having ended the MCPs and lifting of the three zeros while going into the international stage with the new value of the IQD.
There is data out there that looks to suggest that financial institutions and money exchangers were told there will be an announcement, submission and deposits to that effect at the central bank if Iraq on specific dates this next week. If that data is true and is lining up to be on time it fully supports and is in line with the UNSC documents that the escrow funds will be completed before the end of the month. Thus the portion of Chapter 7 regarding Monterey policy will be over and the new 2018 - 2022 plan is to be then implemented. In other words have your act in order. May I suggest a nice cool glass of water and an aspirin before bed? Lol we don't need any UN wanted heart attacks or strokes when this goes live... Cuz...it is about to breathe! IMHO.
MilitiaMan Article: "Urgent ..anaba besieged Al-Nouri mosque four views and expectations of the announcement of the restoration of Mosul during the hours of"
Quote: "After fierce battles waged against al - Daesh in the right side of the city of Mosul , security forces were able to besiege Al - Nouri mosque from four sides. Military sources said it expects the declaration of the restoration of Mosul over the next few hours ... follow"
Right on time imo. The fall of Daesh coinciding with MR being completed and activated is purely evident in the plan of Marshal Iraq.
Operation Disclosure GCR/RV Intel Update - June 18, 2017
Operation Disclosure
This is an intel update of the current situation regarding the GCR/RV as of June 18, 2017. - OD
---
The Global Code needed last night as part of the Republic Release that for some reason was not available until late today, Sunday.
So, instead of going live at 2AM Sunday morning, that did not happen until about 7PM tonight.
A "live status" is now circling the globe moving from the US West Coast with an estimate of about 8 - 9 hours to get every time zone activated coming from the East.
This has caused the Tier 4 to be delayed a day.
So, instead of the original the release times on Friday and Saturday, it will now be for each of the respective incremental steps of Tier 4 taking place on Saturday and Monday.
"Deadline" - GCR/RV Intel SITREP - Monday - June 19, 2017
The Chinese Elders have given Dunford and Ryan a deadline of 6am EDT to release the RV in the United States.
The Chinese have replacement American leadership ready in case of non-performance.
If Joe and Paul don't pull the trigger, the only explanation would be they have been "gotten to" by the cabal, and thus compromised in some way and in need of replacing.
If they release, it's because they strategically were incredible prudent and waited until the very last second before going.
There is a scenario I'm told whereby they could release before the deadline today's destine, yet still have as much as 24 hours to roll out final implemented strategies for later today.
Many in the military believe Dunford will schedule such last minute changes that way, key decisions only he knows about.
These are serious times. With serious outcomes resting in the balance. And they require serious decisions made by serious men.
Either way, change has been deemed absolute by the world community.
I pray Joe and Paul both have had the patience to wait it out and the judgement to now act in America's best interests.
God is with us.
Inclusion of a company in Anbar with a blacklist to finance terrorism
Editorial date: 2017/6/18 11:42 • 171 times read
(Baghdad: Al-Furat News) The Central Bank of Iraq announced the inclusion of a financial intermediary company operating in Anbar province on the black list for financing terrorist groups.
The director of the information office of the bank, Acer Jabbar said in a statement received by the agency {Euphrates News} a copy of it, "within the verification procedures conducted by the Office of Foreign Assets Control in the US Treasury in coordination with the Central Bank of Iraq to ensure that the money does not reach the terrorist advocate, (Al-Kawthar for Financial Intermediation) and its owner {Omar Mahmoud Rahim Al-Kubaisi} in Al-Qaim district in Al-Anbar province, in the black list under US law for providing support and funding to terrorist organizations, namely Al-Qaeda and Al-Qaeda.
"The necessary measures have been taken to prevent them from entering the Iraqi financial system and freezing assets they own inside Iraq," he said.
He pointed out that "the Central Bank of Iraq stressed the need for banks and financial institutions and the concerned authorities to take the necessary measures not to deal with those entities directly or indirectly."
He pointed out that the Treasury Department has praised the measures taken by the Iraqi authorities to impede the transactions of the financial support in Iraq and that it is implementing a tight system to combat money laundering and combating the financing of terrorism, which helped to strengthen Iraq's ability to protect its financial system from exploitation by terrorist groups Kadash, and before. "
He added that "the Treasury Annex at the Embassy of the United States of America in Baghdad has stated that the Central Bank of Iraq has completed over the past year than the actions taken for the past 13 years in terms of procedures and regulations set by the Central Bank."

Rafidain" publishes the regulations granting "operational loans" to hoteliers

"Specific terms and conditions have been set for granting loans to hotel owners up to 50 million dinars and for a period of three months, with a rate of interest of 9 percent," the bank's press office said in a statement received Sunday.
He explained that "the terms of the loan, is to repay the installments and interest monthly after the end of the grace period directly, and put the mortgage sign on the appropriate property provided by the borrower and be subject to insurance class first in favor of the bank to cover the value of the loan amount plus 20 percent.
The statement also pointed out that "the procedures of granting the loan, is by the customer to submit an application for an operating loan in the branch which has a banking facility or tourist loan or bank account, in addition to providing the hotel license issued by the Ministry of Tourism and the validity of issuance.
He added: "It also provides a list of the needs of the hotel and the estimated amounts, and the documents of the owner of the hotel and the authenticity of the issuance, as well as the authenticity of the issuance of all the priorities and documents contained in the claim, as well as provide a recent picture of the property to be mortgaged and the disclosure by the branch in accordance with the controls and instructions, .
Among the other conditions is to provide the Internal Loans Division with an electronic monthly statistic that includes the name of the borrower, the amount of the loan, the date of use, the amount paid, the date of payment, the remaining balance, the outstanding amount and the outstanding amount. The conclusion of the company contract by the General Administration - Financial Section - ".
Kauaihn Chatter
6-19-2017   Newshound Guru mike   Saleh has said a lot of inaccurate things over years, we had a lengthy debate about this in 2015, he has problems with the facts. The facts are that Iraq has roughly 60 trillion dinars, or say $52 billion dollars and the reserves are, according to Keywords, between $47-$49 billion. Additionally, the IQD, no matter what Saleh states, doesn't even sniff the criteria for a hard currency like the dollar, yen, euro and pound. Here's a snip, Iraq has none of the requirements, zero. Iraq's reserves do not cover outstanding M0 cash. Candidly, I've read where the reserves are at $42 billion... I would also add that Gross Foreign Assets, or Net Foreign Assets are not the same as hard currency reserves, they encompass two different accounting procedures. Let me now if you can find one economist or currency expert outside of the GOI that will support the idea that the dinar is or will be in the near future considered a hard currency. I've looked and can't find one.  [reference Guru Enorrste's post 6-18-2017....stay tuned for more of this spirited debate]

6-19-2017   Newshound/Intel Guru Mnt Goat   Article:  "Iran should stop interfering in Iraq, Iraqi VP Allawi says"  Quote:  "Iraqi leaders hope to restore control over all Iraqi territory, defeating Islamic State, before an election due by the middle of next year."   A very significant statement here by Allawi...if we don’t get the RV before these elections there could be yet another hold up.
6-18-2017   Newshound Guru MilitiaMan   Article:  "Urgent ..anaba besieged Al-Nouri mosque four views and expectations of the announcement of the restoration of Mosul during the hours of"  Quote:  "After fierce battles waged against al - Daesh in the right side of the city of Mosul , security forces were able to besiege Al - Nouri mosque from four sides.  Military sources said it expects the declaration of the restoration of Mosul over the next few hours ... follow"    Right on time imo. The fall of Daesh coinciding with MR being completed and activated is purely evident in the plan of Marshal Iraq. 

6-18-2017   Newshound Guru Enorrste   ...In February of 2014 he [CBI's Saleh] said this:  He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.”  Admittedly he is looking to the future when he makes these statements.  However, he is a member of the planet and an economist. Thus... "There isn't an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world" is a bit of hyperbole.  The dinars used to purchase foreign currency go directly to the CBI from the banks, since the banks have to get the foreign currency from the CBI in exchange for the dinars. Therefore, no one is saying that it "go[es] back to the banks to begin the cycle all over again."   [reference Guru mike's post 6-17-2017....stay tuned for more of this spirited debate]   [post 2 of 2]
6-18-2017   Newshound Guru Enorrste   According to the CBI website the Gross Foreign Assets at the CBI as of May 25, 2017 totaled $53.4 billion.  Saleh has stated more than once that the dinar is or will be one of the strongest currencies in the world and a reserve currency:  "Saleh said the Agency (news) said on Saturday: The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market.  He explained:  that the dinar covered in hard currency at a rate of more than (100%), and this rare condition, and has a cash reserve large hard currency than for (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency.  This statement was made in 2012 but he has reiterated it several times.     [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today

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

Prime Minister Dr. Haider Abadi leaves Baghdad at the head of a ministerial delegation to start a regional tour

Prime Minister Haidar al-Abadi left Monday for a regional tour that includes Saudi Arabia, the Islamic Republic of Iran and Kuwait on official invitations to his country's sovereignty.
The visit comes in the light of the great victories achieved by Iraq on the gangs of terrorist advocates, and the near declaration of its defeat in the unity and cohesion of our people, in the light of the Iraqi government's approach and foreign policy based on the preference of the supreme interests of the country and seek to build better relations with all neighboring countries in all fields, Against terrorism that threatens the security and stability of the peoples and countries of the region.

Prime Minister 's Media Office
19 June 2017

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ARTICLE 1-AA

Abadi is visiting Saudi Arabia today on a tour of the region

2017/6/19 10:13

[Ayna-Baghdad] 
Prime Minister Haider al-Abadi begins Monday a three-day regional tour of the region.
Al-Abbadi is heading to Saudi Arabia, then Kuwait and then Iran. The prime minister stressed that his visit to Riyadh has nothing to do with the Gulf crisis and the boycott of Qatar or play Iraq as a mediator, but will focus on strengthening bilateral relations with these countries and progress more forward.
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)

Prime Minister Dr. Haider Al-Abadi heads a meeting of the Ministerial Council for National Security

Prime Minister and Commander in Chief of the Armed Forces Dr. Haider Al-Abadi on Sunday chaired a meeting of the Ministerial Council for National Security.
During the meeting, they discussed the developments of the upcoming Ninewa battle, the ongoing operations and the approaching battle resolution.
We also discussed the arming of our heroic forces and memorandums of understanding for military cooperation with a number of countries.
The meeting discussed the electronic visa project for people wishing to visit Iraq.
The Ministerial Council on National Security also briefed a number of issues on the agenda and adopted a number of resolutions on them.
Prime Minister 's Media Office
18 June 2017

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ARTICLE 1-C (from PM Abadi's website; posted only on Arabic side, not posted on English side; 4 pix)

Prime Minister Dr. Haider Al-Abbadi: Our victory opens a new era for a stable and stable Iraq

Prime Minister Dr. Haider al-Abadi said that the victory of the Iraqis and the liberation of their land opens a new era for a strong and stable Iraq.
This came during a meeting with a number of media and political analysts, where he answered the latest political and field developments and the future of relations with neighboring countries.
He added that Iraq's political decision is independent, and we are looking at the interest of our people above all, and our foreign relations are based on the superiority of the supreme interest of Iraq and its people and away from convulsions and axes and win friends instead of increasing enemies, calling for focusing on development and fighting corruption and not allowing the return of terrorism in the next stage .
He stressed that our decision is consistent not to allow the use of our territory to aggression against any neighboring country, and that Iraq should be a meeting area and not a conflict zone, intersection and rivalry, adding: "We do not want to turn our land into a field of wars on behalf.
He added that we have a large and extensive work to rebuild the cities of Iraq and extend security throughout the country.
On the visit of his sovereignty to neighboring countries, Dr. Abadi explained that it is agreed in advance, and that we aim to achieve new relations with neighbors not based on conflicts but on understandings, and cooperate seriously against terrorism.
Dr. Abadi called on all politicians to stop the language of political punctuation, they serve only the enemy, and distort the reputation of their country in front of the world.

Prime Minister 's Media Office
18 June 2017

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ARTICLE 2

Abadi's answer to [Ayna] about his candidacy for a second term

2017/6/18 2:25

[Ayna-Baghdad] 
Prime Minister Haider al-Abadi, the extent of the possibility of running for a second term in the highest executive position in the Iraqi state [prime minister].
Abadi hosted on Saturday evening a number of media and political analysts, attended by the agency All Iraq [where] where he answered the latest political and field developments and the future of relations with neighboring countries. 
"The victory of the Iraqis and the liberation of their land opens a new era for a strong and stable Iraq," he said.
"The political decision of Iraq is independent, and we are investigating the interest of our people above all, and our foreign relations are based on the superiority of the supreme interest of Iraq and its people and keep away from convulsions and axes and win friends instead of increasing enemies," he said, calling on "to focus on development and fight corruption and not allow the return of terrorism in the stage Coming ". 
"We have a firm decision not to allow our territory to be used against any neighboring country. Iraq must be a confluence, not a conflict zone, an intersection and a rivalry," he said. "We do not want to turn our land into a battlefield for wars." 
He pointed out that "we have a large and extensive work to rebuild the cities of Iraq and to extend security throughout the country." 
On his upcoming visit to neighboring countries, Abadi said, "It is agreed upon in advance, and we aim to achieve new relations with neighbors not based on conflicts but on understandings and cooperate seriously against terrorism." 
Abadi called on all politicians to stop the language of political doping, they serve only the enemy, and tarnish their country's reputation in front of the world. "
After opening the door to questions, Abadi replied to the question of where he was going to run for a second term, saying: "The question is premature," without confirming the acceptance or refusal to run. 
"The parliamentary elections will be held on time," he said, adding that "it must be held on time with the need to legislate a law for the elections." 
Abadi called on Parliament to appoint a new electoral commission, warning that "if this step goes beyond mid-August, we will enter a dangerous phase of the elections." 
"The United Nations has announced its position on this referendum and it will not participate without the approval of Baghdad," Abadi said, adding that "the region declared itself that the referendum Is not obliged to independence, but to know the opinion of the Kurdish people. " 
"I think that independence will add new problems to the region, especially since it is not agreed between the Kurds themselves and may make the region's difficult economy now deeper after independence."
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ARTICLE 3

Before his Gulf tour .. Abadi agrees with Jubouri to support any dialogue to solve the problems of the region

2017/6/18 22:15

[Ayna-Baghdad] 
Prime Minister Haider al-Abadi, who begins Monday a three-day tour of the Gulf states, agreed with Speaker of the House of Representatives Salim al-Jubouri, Iraq's support for any dialogue to solve the problems in the region.
A statement issued by the Office of the Speaker of the Parliament received a copy of it, that Jubouri received on Sunday, Abbadi "During the meeting discussed the latest developments in the Iraqi situation on the security and political levels, and ways to strengthen the role of Iraq regionally and internationally, and take advantage of the momentum of victories achieved by Our heroic forces on terrorism to enhance security, stability and the return of the displaced. " 
The speaker stressed the importance of investing in the period after the establishment of an appropriate political environment that will resolve all differences and achieve the interests of the people, contribute to the economic and service development and increase the chances of real communication with the international community in accordance with the principle of mutual respect and economic and commercial cooperation. 
"The meeting also touched on the regional tour that the prime minister intends to carry out and the most important files that will be discussed with the Arab brothers and neighboring countries," the statement said. 
"Iraq is supportive of any constructive dialogue through which solutions to the problems in the region can be put forward or the views of the parties can be brought closer," he said, stressing that Iraq has paid a heavy price for terrorism during the past period and that it supports any effort that could contribute to Stability of the region ". 
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ARTICLE 4

Leaders of the War from Mosul: Days to End the Terrorist Page

2017/6/18 19:20  6 times read

[Ayna-Baghdad] 
During their visit to the city of Mosul, warlords at the Defense Ministry confirmed that days were over and the page of terrorism in the city ended.
A statement issued by the ministry, which was received by the agency All Iraq [Ayna] a copy of it, the Chief of Staff of the Army Gen. Othman al-Ghanmi, during his visit to the Iraqi army sections on the right side of the city of Mosul, saying that "the progress of the pieces significantly indicates the collapse of the large organization calling for the implementation of military plans As planned, and that the coming days could end the page of terrorism from Mosul fully after the security forces finish the liberation of the last neighborhoods. 
Between the commander of the Air Force that "the flights of the formations of the Iraqi army aircraft amounted to more than 6450 sorties were destroyed hundreds of wheels and support was provided to the popular mobilization in Kairouan and Al-Aaj up to the Iraqi-Syrian border has been eradicated pockets of terrorism and inflict heavy losses on lives and equipment." 
For his part, the commander of the ground forces that "the visit of the Chief of Staff of the army to the sections of military operations is to inspect the pieces and emphasize the need to preserve the lives of innocent civilians and the removal of the restrictions of their families by the evangelists who took them shields during the liberation." 
On Sunday morning, the joint forces stormed the old city on the right side of Mosul, the last of the gang's bunkers, which has been pushing the terrorists in Mosul.
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ARTICLE 5

URGENT The last of the occupied neighborhoods in Mosul

2017/6/18 10:25
[Ayna-Baghdad] 
The joint forces, the old city on the right side of Mosul, the last surviving city in the city, were stormed by terrorist gangs.
"Army forces, counterterrorism and federal police have started to break into the old city to liberate the remaining Ayman from Mosul," a statement from the media information center said.
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ARTICLE 6

Liberation of the building of the civil defense Ayman Mosul and the killing of the gates of the official "dashing" in the door of eggs


Nineveh, June 18 - The Federal Police Command announced on Sunday the opening of all barriers and progress from the Baghdad garage to reach the Corniche Street and the river bank and complete the control of the areas of Bab al-Egg and a new door and brick door.
"The joint Iraqi forces were able to liberate the building of the civil defense," said Shaker Jawdat, referring to "the killing of the so-called gatekeeper and general control of Nineveh province, Kanaan Jayyad Abdullah, nicknamed Abu Amna."
The Iraqi Federal Police Command announced earlier Sunday that "Iraqi forces, with the participation of the police forces and the anti-terrorism apparatus, moved from several axes about 100 meters deep into the old city, the last bastion of the organization" Dahesh "in the right coast, which includes the historic mosque of Nuri and its humpback .

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ARTICLE 7

    The dumping of 500 thousand publications in Mosul containing recommendations for citizens

     Ninewa, Iraq - June 19: The Military Information Cell announced that 500 thousand leaflets had been hurled at the city of Mosul to inform the citizens of the    progress  of   the Iraqi armed forces and the storming of the rest of the city, as well as special recommendations.
The cell said in a brief statement that "the detachments of psychological psychological operations in coordination with the Iraqi air force carried out in Mosul, the process of dumping 500 thousand special publication."
The publications included "informing citizens of the progress of our armed forces to break into the rest of the city and special recommendations for them."
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ARTICLE 8

Al-Zawra prepares for Eid with over 50 games

2017/6/18 19:31

[Ayna-Baghdad] 
The city of Al-Zawra Games has announced the completion of all preparations for the reception of the Baghdadi families during the Eid al-Fitr Eid al-Fitr, noting the creation of 50 modern games on this occasion.
"The final arrangements and preparations for the reception of Baghdadi families and expatriates from all governorates of the country in its recreational facilities for the Eid al-Fitr holiday have been fully completed," the city's games department said in a press release. 
He explained that "more than 50 modern games suitable for all ages have been prepared to receive families that go to this recreational facility as well as places of rest, restaurants and public services as well as artistic performances, play and entertainment programs that combine the thrill and entertainment." 
He pointed out that "the events of the Eid this year have been carefully selected and made to contribute to the dissemination of a culture of creativity and innovation in addition to enhancing the cultural, intellectual and artistic aspects of children of different age groups."
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In response to the call of the security forces dozens of terrorists surrendered themselves on the right side .. The next few hours will see the liberation of Mosul completely
19-06-2017 12:47 PM


Baghdad News -

A security source in the city of Mosul said on Monday that dozens of terrorists surrendered to the security forces on the right side.

The source said in a press statement that 'dozens of elements of the organization calling the terrorist in the old city, the last stronghold of Daash in Mosul handed themselves to the joint forces'.

The source added that 'the next few hours will see the liberation of the region and will announce the liberation of Mosul in full and will raise the Iraqi flag over the humpback lighthouse'.

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