Wednesday, September 6, 2017

Word on the Street Wednesday 9/6/17

Word on the Street Wednesday 9/6/17



Word on the Street Wednesday 9/6/17:
Forex Rates
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Symbol Bid Ask High Low Open Change Time
 USD/IQD   1,142.9000   1,193.2000  1,142.9000  1,140.3000  1,140.3000   2.6000  07:14
 USD/VND   22,394.0000   23,064.0000  22,394.0000  22,344.0000  22,344.0000   50.0000  07:14
 USD/CNY   6.5270   6.5282  6.5459  6.5189  6.5379   -0.0109  07:14
 USD/KWD   0.3010   0.3020  0.3013  0.3009  0.3010   0.0001  04:10
 GBP/USD   1.3049   1.3050  1.3050  1.3020  1.3040   0.0009  07:15
 USD/IRR   12,048.0000   12,428.0000  12,048.0000  12,048.0000  12,048.0000   0.0000  17:51
 USD/IDR   13,332.0000   13,341.5000  13,341.0000  13,320.0000  13,334.0000   -2.0000  07:13
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DC NY Iraq Articles:
BAGHDAD /
The Federal Supreme Court ruled on Wednesday that the House of Representatives to the federal government to review the licensing contracts within the law of the general budget for the current year, which falls within the jurisdiction of the legislative, indicating that the procedure does not cost the financial.


The Director of the Information Office of the Federal Supreme Court Ias Samok in a statement received by "Al-Ghad Press", "One of the appeals considered by the Federal Supreme Court in the case concerning the budget law was related to licensing contracts and took the sequence of Article (48 / I) of the Budget Law."
He added that "the article obliged the federal government, including the Ministry of Oil to review the contracts of oil licensing rounds if reviewed by the interests of Iraq."
He pointed out that "the court found that the status of this article came within the powers of the House of Representatives legislative and does not contradict with the provisions of Article (62 / II) of the Constitution, does not cost the government financial burdens outside the allocations of the General Budget.

80% of Ninewa police stations and directorates opened

Editorial date: 2017/9/5 12:4314 times read
(Nineveh: Euphrates News) Nineveh provincial police chief Major General Wathiq al-Hamdani announced that the leadership was able to open about 80% of the directorates and police stations in the province.
Al-Hamdani said in a press statement that "the security situation in the province of Nineveh is fully stable, especially after the liberation of the district of Tal Afar from the control of gangs and called the terrorist, pointing out that the local police in the province is currently two roles is the first combat role by holding the liberated land, Stability within the province through presence in the directorates and police stations of Nineveh. "
"The security file is currently shared between the local police and its federal counterpart as well as the Iraqi army forces, where the local security for the left coast of the city of Mosul in full, while sharing with the federal and army to secure the right coast."
He pointed out that "the next stage will see the transfer of all the belongings of the security file to the local police."

A new US general leads the international coalition against an advocacy organization

Tuesday, 05 September 2017 06:25 PM
International Alliance - Archival
US General Paul Funk, leader of the US-led international coalition against a pro-Iraqi organization in Iraq and Syria, received Tuesday as the coalition against terrorists enters its fourth year .

General Funk assumed command of joint forces of Operation Solid Steel at a ceremony at a military base in the region, officials said in a statement .
General Funk took over from General Stephen Townsend, who took command a year ago .
"We have to defeat them, our common efforts can defeat them," said Funk, "the existence of a self-reinforcing organization is a threat to the civilized world and our way of life

Kurdistan officially launches its campaign for the referendum

Release date: 2017/9/5 10:1787 times read
{Erbil: Euphrates News} Campaign launched for the referendum of the Kurdistan Region, on Tuesday, formally, and is scheduled to continue the campaign until September 22.
A mass publicity campaign was held after midnight on Monday in Erbil, with the participation of a large number of citizens in the Arbil fort.
The Independent High Commission for Elections and Referendum in the Kurdistan Region, on Sunday, the date of launching the propaganda campaign for the referendum of the independence of the Kurdistan Region, to begin the campaign from 5 September and continue until 22-9-2017, ie for 18 days.

It is noteworthy that the Independent Electoral Commission for elections and the referendum in the Kurdistan region, said on Monday, that 5 million and a half million people are entitled to cast their votes in the referendum on independence scheduled for the twenty-fifth of September this comes amidst Baghdad and many countries.         

The electronic payment project will be completed by the end of this year

05-09-2017 12:13 PM
It is expected that the end of the current year will complete the project of automation of salaries or what is known as electronic settlement through the use of smart card, as all the employees of Iraq, about 4.5 million, representing 10% of the total population of smart cardholders, and receive salaries from banks through this card Of various uses.
The Council of Ministers requested that the Ministry of Planning and Development Cooperation coordinate with the Ministry of Finance and the Central Bank of Iraq to issue a unified job number for the employees of the government departments, for adoption mainly in government databases. The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card.

The project is considered an important step that will contribute to the events of qualitative change in the nature of life of Iraqis with the presence of such a large number of employees, as the economist Abdul Zahra al-Hindawi, that «the country is witnessing a real savings movement by citizens in banks, whether governmental or private, Employees represent the largest mass of traded cash in the domestic market. However, this trading is not considered an investment, but it is meant to secure the requirements of the Iraqi family daily. Therefore, the entry of a large monetary bloc in the banking portfolios with a clear vision to invest these funds in a developmental way would move the economy significantly in light of the financial crisis that has plagued the country since 2014, and the establishment of banking policies must be of sound development dimensions

He added that «the project pays to encourage employees to save, especially in light of the widespread culture of hoarding funds and the lack of confidence between citizens and banks, especially private banks», adding that banks to work on the principle of competition between them through services and benefits provided to customers and compete in the annual interest rate On the funds deposited, which drives the citizen to go to the bank that gives a higher rate of interest than others, as well as other services that banks can offer to attract depositors of smart card holders, such as granting loans and banking facilities

He pointed out that this experience will face challenges, as we will find fear in the employees of the failure of banks to meet their obligations to depositors pointing tothe need to be selected banks for this task guaranteed by a government. The task of selecting the Central Bank of Iraq as the sectoral sector supervising the banking sector, he announced that he chose 16 banks some of which are government and some of the private banks to take over the task, and that the selection process was in accordance with global standards and the level of the bank will be the guarantor of any of these banks May face problems or falter in the fulfillment of its obligations to the extent that he expressed his willingness to pay dues instead of the bank stagnant

He stressed the importance of mechanisms and procedures to reassure employees about this new experience, which they are not yet accustomed to. He pointed out that the presence of ATMs in public markets and important commercial centers, as well as the headquarters of ministries and government departments, is necessary for the cardholder to shop through them

He pointed out that «the experience of the project to settle the salaries electronically is very important», pointing out that «the urgent need to ensure all the requirements for success and the banks to invest this step by improving the performance and diversification of banking services and development, to become more effective in the process of development construction, Banking is one of its main pillars.

He said many of the managers of private banks that the localization of salaries of state employees electronically a step bear important implications, which will be reflected positively on the performance of banks in terms of securing liquidity and restore confidence between the citizen and the sector, which witnessed during recent years reflected the results reflected the reality of the Iraqi economy, stressing the ability of banks to implement expansion programs The base of its services to citizens in a form that strengthens the investment base of the sector to reflect itsresults on the financial sector in general

National Union meeting and change ended without agreement

Editorial date: 2017/9/5 15:24144 times read
(Sulaymaniyah: Euphrates News) The meeting between the presidency of the Patriotic Union of Kurdistan, and the Movement for Change, ended Tuesday, held in Sulaymaniyah, without reaching any agreement.
According to a source familiar with Kurdish news agencies that "the presidency of the National Union was unable to persuade the movement of change to abandon its demands to postpone the referendum scheduled for the September 25 for the independence of the Kurdistan region."
According to information, "the movement also refused to activate the parliament as called for by the Kurdistan Democratic Party, the Patriotic Union of Kurdistan."
The meeting was held earlier in the morning, the last meeting between the two sides before the referendum, according to informed sources.
It is noteworthy that the Movement for Change and the Islamic Group held on Monday, a meeting chaired by the coordinator of the movement Omar Sid Ali, and the leader of the group on Papier, was issued an official communiqué after the meeting, in which both sides called for the postponement of the referendum for another date.
Kauaihn Iraq Articles:
The two heads of the Iraqi and Turkish pilgrimage missions emphasize the importance of strengthening relations between the two countries
Editorial Date: 2017/9/5 12:534 times read
(Baghdad: Al Furat News) The head of the Iraqi Hajj missions Sheikh Khalid Al-Attiyah and Turkish Akram Kalash on the need to develop relations between the two countries and strengthen them.
"The Iraqi and Turkish peoples have deep religious and historical ties and common interests, and these relations are very important to develop and strengthen them and to increase strength and durability over time," the statement quoted Attiya as saying during a meeting with Kalash at the headquarters of the Iraqi Hajj Mission in Mecca.
"The Hajj is a good opportunity to meet and get together and reach out to the Muslim peoples. We hope that peace and harmony will prevail over us and that the word of the Muslims will come together on love, fraternity, cooperation and righteousness, and that all the negative aspects that surround our people from all sides will be removed. The most important are the terrorist terrorist movements that have caused corruption, destruction and destruction. In our peoples ".
For his part, the head of the Turkish pilgrimage mission stressed that "Turkey and Iraq are two sister countries with common interests and mutual visits should continue, as Iraq is one of the most important centers of Islamic civilization."
Kalash expressed his "thanks for supporting Al-Attiyah and issuing a statement to the heads of Islamic Hajj offices to condemn the heinous crimes committed against the Muslims of Myanmar."

Transportation War ships will be equipped with sophisticated night vision equipment soon

Editorial date: 2017/9/5 11:1254 times read
The Ministry of Transport in the coming days to equip the warships of the naval force command with ten night vision of the latest models corresponding to the best techniques used in this field.
"These binoculars were imported from European origin and capable of monitoring and investigating the night in complete darkness and for very long distances over open water bodies and to the extent that gives our crews of warships enormous capabilities in monitoring and night-time and in a manner," he said in a press release. Which includes simplicity, using these advanced techniques. "
He added that "fruitful cooperation between the Ministry of Transport and the Ministry of Defense reflects a wonderful image of interaction, harmony and harmony in order to secure the safety of sea lanes and navigational channels dedicated to the passage of shipping vessels and other vessels frequented by our ports."
The Minister of Transport instructed earlier in the restoration of classrooms and swimming pool and the completion of all deficiencies of the building to provide a suitable reality for the work of what is important in the follow-up of the movement of ships.

National Conference: The historical relationship between Arabs and Kurds will not be shaken by childish behavior

Editorial Date: 2017/9/5 10:2796 times read
BAGHDAD (Reuters) - The alliance between Arabs and Kurds will not be shaken by individual and child attempts and actions, Iraqi National Congress Secretary General Aras Habib said on Tuesday, in reference to the burning of the Iraqi flag in Erbil, which has been circulating recently.
"The great nations will not be shaken by the deviant behavior of some and the history of the Arab and Kurdish nations is full of glories and championships in all fields and fields. As we are proud of this glorious past, the future will remain promising," Habib said in a press release. Love and religious, cultural and communal values. "
The Secretary-General of the Iraqi National Congress that "the blood of the fighter in the army and the popular crowd and Peshmerga fighters mixed and still mixed in the battles of honor against terrorism obscurantism."

Kurdish official calls for benefiting from Iranian scientific potential

Editorial date: 2017/9/5 9:1572 times scheduled
(Baghdad: Al-Furat News) The Assistant Minister of Education in the Kurdistan Region and Ria Mohammed said that the good scientific energies enjoyed by Iran would be a good asset to raise the level of education in the region.
According to the Islamic Republic News Agency (IRNA), Ria Mohammed said during a meeting between members of the scientific faculty of the University of Rania of Iraq and their Iranian counterparts from the University of Kurdistan in Sanandaj, that university graduates should be leaders in promoting bilateral relations.
"The conditions prevailing in the Middle East oblige intellectuals and elites to cooperate and coordinate in order to establish the foundations of security and peace in the region," he said.
For his part, the President of the University of Kurdistan, two moral individuals said that "memorandums of understanding signed between the two sides allow for the exchange of fellowships between the universities of the Kurdistan region and Iranian universities in the province of Kurdistan.
While noting the importance of developing scientific and university diplomacy in the development of societies, he stressed the need to benefit from the scientific capabilities available to raise the level of different branches of science.
Emphasizing the readiness of the University of Kurdistan to receive students from the Kurdistan region, the two ethics explained that the university provides special facilities for foreign students to serve to strengthen scientific relations.
He also announced the readiness of the University of Kurdistan to support joint research projects between university professors. is over

Babylonian calls on Christians in Iraq to reject the referendum in Erbil

(Baghdad: Al Furat News) The General Secretariat of the Movement of Babylonians, Christians in northern Iraq in particular and the rest of its provinces in general to reject the referendum Erbil altogether.
"According to the current data and what the Iraqis have presented in all their spectrums and components of pure blood in defense of the unity of Iraq and its vast territory to preserve the demographic and societal diversity of population from Basra to the plain of Nineveh and most of the Bekaa, Mesopotamia.
"The Babylonian movement rejects and strongly condemns any attempt to divide and dismantle under any pretext, exploiting the current situation it is preparing here, while promising it as the world as a place of strength and victory for the Iraqis in general, to withdraw their Iraq and liberate its provinces and cities and its villages from the remnants and evils of terrorism.
He added: "From this point of view, the movement of Babylon that the promotion of referendum forms on the separation of the Iraqi provinces in our beloved north," the Kurdistan region of the federal "are only attempts to destroy the national national interest that leads us to be united and not separated to facilitate our eating and take a summit for the sake of partisan ambitions and vision Tribal and regional and expansionist under national or ethnic cloaks that have no purpose beyond personal interests and not the interests of minorities and nationalities and all components in this or that spot. "
"We call on our brothers and our Christian people in northern Iraq, especially the rest of the provinces, to reject this referendum in toto," the statement said.
The Kurdistan region is scheduled to hold a referendum on independence from Iraq on December 25, amid an internal and external rejection and Kurdish insistence on its creation.
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER

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GLOBAL/NEWS/INFO
Hurricane Irma has strengthened into an "extremely dangerous" Category 5 storm, the National Hurricane Center said, as the storm threatened to slam into northeastern Caribbean islands and Puerto Rico by Wednesday before possibly taking aim at the US mainland.
Irma was churning Tuesday morning in the Atlantic about 270 miles east of Antigua and Barbuda, heading west with maximum sustained winds of 175 mph -- well above the 157-mph threshold for a Category 5, the strongest classification.
It is still too early to tell the exact impact Irma will have on the United States.
Computer models show the system eventually heading toward Cuba and possibly turning north toward Florida by the weekend.
Track the storm here.
13 things the world's most successful leaders get right
It's simple. Just do what our greatest leaders do.
Read more: https://www.cnbc.com/2017/09/01/13-things-the-worlds-most-successful-leaders-get-right.html

How Warren Buffett's optimism has helped him succeed, according to psychology
Columbia psychologist Heidi Grant Halvorson says there is a dangerous side to optimism that can prevent you from reaching your goals.
Read more: https://www.cnbc.com/2017/09/04/how-warren-buffetts-optimism-has-helped-him-succeed-according-to-psychology.html

How to schedule your day for maximum success, according to science
Follow these 6 steps to heighten productivity like the pros.
Read more: https://www.cnbc.com/2017/09/01/how-to-schedule-your-day-for-maximum-success-according-to-science.html



OIL / COMMODITIES / ENERGY


US crude prices rise, gasoline slumps to pre-Harvey levels as refineries restart
U.S. oil prices rose on Tuesday and gasoline fell as refineries in the Gulf of Mexico shut by Hurricane Harvey gradually restarted.
Read more: https://www.cnbc.com/2017/09/04/us-crude-prices-rise-on-returning-refineries-but-gasoline-slumps-to-pre-harvey-levels.html

Gold slips after touching one-year high
Gold prices peaked on Monday at $1,339.47 per ounce, its highest this year.

Gold climbs to 1-year high amid lingering North Korea tensionsInvesting.com
© Reuters. Gold prices rise to 1-year high Read the full story


BANKS / BANKING
How Zelle Banking App Is Different Than VenmoInternational Business Times
Traditional banks are in trouble now that mobile apps like Google Wallet and Venmo offer more convenient access to services once monopolized by old school institutions. PayPal Inc., which owns Venmo, reportedly processed $2 billion in mobile payments during the week between Thanksgiving 2016 and Cyber Monday alone. Some experts argue banks could soon be obsolete if they don’t adapt. Fintech startups also generally have a more inclusive culture that jives better with younger generations. Read the full story

Visa, Mastercard Enable Corporate Cards With SmartwatchesPYMNTS.com
Top credit card companies are taking an early opportunity to ensure their corporate cards work with new smartwatches. Reports in Business Travel News said Friday (Aug. 31) that American Express, Mastercard and Visa have all enabled their commercial cards to work with Fitbit Ionic, a smartwatch launching in October, and Mastercard and Visa have enabled theirs... Read the full story


TREASURIES/ BONDS/ STOCKS
Brace yourself for a market correction in two months, analysts warn
A market correction is on the horizon and it could happen in the next two months, an investment manager told CNBC Tuesday.
Read more: https://www.cnbc.com/2017/09/05/brace-yourself-for-a-market-correction-in-two-months-investment-manager.html

US Treasury yields fall after North Korea conducts bomb test
U.S. government debt yields were lower on Tuesday after North Korea conducted its sixth and most powerful nuclear test.
Read more: https://www.cnbc.com/2017/09/05/bond-investors-look-to-key-federal-reserve-speeches.html
Wall Street win streak in jeopardy as shortened trading week begins
Stock futures were lower this morning, as U.S. investors get their first chance to react to the latest North Korean threats.
Read more: https://www.cnbc.com/2017/09/05/wall-street-win-streak-in-jeopardy-as-shortened-trading-week-begins.html
Dow drops 170 points after North Korea bomb test sends jitters through Wall Street
U.S. equities fell on Tuesday, the first trading day of the week, as tension between North Korea and the West sent jitters down Wall Street.
Read more: https://www.cnbc.com/2017/09/05/us-stocks-north-korea-economy.html

INSURANCE
Harvey aftermath: FEMA to 'rush recovery money' for insurance claims
CNN

After Hurricane Harvey spawned epic flooding along the Gulf Coast, insured flooding victims will be able to get financial relief a little bit faster. Read the full story

Judge Says Housing Discrimination Case Against Travelers Insurance Goes to Trial
Legal Forum News

A federal judge last week refused to dismiss a lawsuit that accuses Travelers Insurance of illegally denying coverage to Washington, D.C. landlords who accept government housing vouchers from tenants. Travelers is being sued by the nonprofit group National Fair Housing Alliance, which advocates for ending housing discrimination. The group’s lawsuit says Travelers’ policy has a “disparate impact” on African Americans and women. A disparate impact means the effect is greater for a specific group. Read the full story

Top 10 Cars That No Insurance Company Wants to Cover
The Cheat Sheet

Audi R8 | Source: Audi The well-worn cliché goes like this: “Fast, cheap, and reliable – pick two.” As it turns out, the conventional wisdom extends to auto insurance, as a recent report by Insure.com revealed 10 cars that insurance companies love to cover — and 10 they hate. The independent insurance website analyzed data from six different insurance companies covering 1,500 models and found that the Jeep Wrangler is the cheapest car to insure in the U.S., with owners paying an average $1,134 a Read the full story




CURRENCIES
WorldFirst’s World Account Offers Global Payments in Local CurrenciesCrowdfund Insider
Following a successful Beta trial and over 1000 registrations, WorldFirst has launched their newest offering the “World Account” for online money transfers. The World Account is launching as a free service with no hidden fees or charges on FX transfers or to open or maintain... Read More The post WorldFirst’s World Account Offers Global Payments in Local Currencies appeared first on Crowdfund Insider. Read the full story

Why does China still have a ‘pegged’ currency, like those of Iran, Laos, Belarus?South China Morning Post
Time is ripe for world’s second-largest economy to cut the ties that bind yuan to the US dollar, expert says Read the full story
Forex - Dollar little changed vs. rivals in cautious tradeInvesting.com
© Reuters. Dollar index holds steady amid geopolitical tensions Read the full story

Pound to Euro exchange rate: Sterling “stumbles” after poor construction sector figuresExpress
POUND Sterling opened at 1.087 against the Euro this morning, with industry experts blaming less-than-stellar news from the construction industry yesterday for British currency’s poor rates. Bloomberg posted the Pound to Euro exchange rate as 1.0873 this morning. Read the full story

Rupee weakens for third session against US dollarLivemint
Mumbai: The rupee on Tuesday weakened for the third session against the US dollar in opening trade. Read the full story

Bitcoin dips another $300 after China’s cryptocurrency crackdown
Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods.
Read more: https://www.cnbc.com/2017/09/05/bitcoin-dips-another-200-after-chinas-cryptocurrency-crackdown.html


USA
Both sides gear up for political fight as Trump prepares to end immigration protections for ‘dreamers’
The Washington Post

The president is poised Tuesday to roll back an Obama-era deferred deportation program for younger immigrants and call on Congress to act. Read the full story

Irma strengthens to Category 5 hurricane as it targets Caribbean, U.S.
CBS News

Powerful storm intensifies as residents of islands and Florida scramble to prepare Read the full story

Fed's Brainard says US should be cautious about raising rates when inflation is low
Lael Brainard is a member of the U.S. Federal Reserve's Board of Governors and a voting member of the Fed's policy-setting committee.
Read more: https://www.cnbc.com/2017/09/05/feds-brainard-says-us-should-be-cautious-about-raising-rates-when-inflation-is-low.html


EMERGING MARKETS
Mexico's agriculture sector keenly eyeing ChinaPOST Online Media
China is key to Mexico's plan to diversify its agricultural export markets beyond North America, the president of the National Agricultural Council (CNA), Bosco de la Vega, said. De la Vega spoke with reporters in Mexico City, on the sidelines of the second round of negotiations to update the North American Free Trade... Read the full story



MIDDLE EAST
Sara Netanyahu takes lie detector test ahead of 'imminent' graft indictmentThe Independent
Israeli Prime Minister Benjamin Netanyahu’s wife, Sara Netanyahu, has undertaken a polygraph test ahead of her expected indictment in a graft investigation, local media reports. Read the full story

Israel holds largest military drill in 20 years ‘simulating war’ with HezbollahThe Independent
The Israel Defence Forces (IDF) has deployed thousands of air, sea and land personnel to the Lebanese border for its biggest military drill in almost two decades, a show of strength designed to intimate Hezbollah and Iran even as their power grows in neighbouring Syria. Read the full story

WiFi-enabled lampposts will soon be springing up around DubaiWhat's On Dubai
And we could also be getting solar-powered roads… Dubai has a no shortage of well-lit roads and highways. In fact, you’d be hard pressed to find a major intersection that isn’t lit up like a villa during Eid, thanks to the many lampposts dotted about the city. Now, imagine if those lampposts could be used for more than just illumination. That’s the impetus behind a newly announced partnership between DEWA and France’s Colas Group, with plans to roll out a number of low-energy light poles across Read the full story

Egypt, China ink $739m MoU for electric train - MinisterMubasher
Cairo – Mubasher: Egypt’s minister of investment and international cooperation Sahar Nasr on Tuesday signed a memorandum of understanding (MoU) with the Chinese trade minister to fund the electric train project in Egypt with $739 million. The … Read the full story



AFRICA

Alipay Makes Huge New Push into South Africa
paymentweek
Growing Chinese tourist class can now take familiar payments system into 10,000 African merchants. Read the full story
eNCA | China to invest in SA road infrastructureeNCA.com
President Jacob Zuma has led a delegation at the ninth Brics summit in China. Read the full story

Rosgeo in $400 million deal to drill for South African gas
POST Online Media

Russian exploration company Rosgeo will drill for gas off the southern coast of South Africa under a $400 million deal with PetroSA to help build the African country's reserves. The agreement announced on Monday comes against a backdrop of declining domestic gas reserves that have curtailed output at PetroSA's gas-to-liquid plant in Mossel Bay. "Th... Read the full story

Zimbabwe: Mugabe's Ruling Zanu-PF Banks On New Party Card
AllAfrica

Zimbabwe's ruling Zanu-PF party has come up with a novel way of enticing new members - issuing party cards that can also be used as bank debit cards. Given the chronic cash shortages in the country, the cards could prove an effective recruitment tool ahead of 2018 polls. "These cards are different from the ones that we used to issue because they can be used for other financial transactions and are as good as bank cards," Zanu-PF political commissar, Saviour Kasukuwere, told the state-run Sunday Read the full story

Zimbabwe: Quality Seeds Key to Food Security - Minister Made
AllAfrica

Minister of Agriculture, Mechanization and Irrigation Development, Joseph Made has noted the importance of access and provision of quality seeds to ensuring food security, poverty reduction, safer trade and economic development. Speaking at the launch of the national domestication of Common Market for Eastern and Southern Africa (COMESA) harmonized Seed Regulations, Made said in spite of achievements registered during 2016/2017 summer season, Zimbabwe has not been spared by the negative factors Read the full story





ASIA
China urges BRICS countries to push for more ‘just’ international order
The Globe and Mail

Chinese President Xi Jinping wants better representation for emerging, developing nations Read the full story

China could slash oil exports to North Korea following nuclear test, say analysts
The Independent

China is reportedly expected to back tighter sanctions against North Korea including choking off its oil supply following the country's latest nuclear test. Read the full story

Hong Kong regulator trains sights on digital currency fundraising a day after China bans it
South China Morning Post

The Securities and Futures Commission says that in some cases digital tokens issued in an Initial Coin Offering may be classed as securities and would mean issuers had to be licensed Read the full story

Never mind the bumpy start, BRICS bank eyes big future
South China Morning Post

Sino-Indian border dispute and economic downturn just short-term factors that won’t affect the big picture, NDB finance chief says Read the full story

Chinese debt is so bad that even Chinese bankers now say it's a 'bubble'
Business Insider UK

LONDON — It is not news that Chinese debt is regarded as a risk to global financial stability. But it is news that the situation is so bad that even Chinese bank executives are willing to say they're in a bubble. It's a "bubble," according to Lai Xiaomin, chairman of China Huarong Asset Management, China’s largest state-controlled "bad bank." Huarong trades in non-performing loans, distressed assets and bad debt. Investors are so sure that the government has got the debt situation under control Read the full story


EUROPE
Russia hints that OPEC’s output cut could be extended again
Oil prices marched higher on Tuesday following reports indicating that Russia and Saudi Arabia are considering extending the oil production cut deal.
Read more: https://www.cnbc.com/2017/09/05/russia-hints-that-opecs-output-cut-could-be-extended-again.html


Flush With Cash, Then Drowning in Debt
Handelsblatt Global

Every week, the ECB buys an average €2 billion in corporate debt, including heavyweight members of the DAX stock index. As interest rates rise, some companies may be washed away by their own profligacy. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday 9/6/17 did update on the indicative rates Sell Rate 1184
The currency auction is 162,500,255
There is no news and announcements for Wednesday 9/6/17

ISX Update:
Value Traded
309,557,913
Shares Traded
410,917,208
ISX ended in Red
Kauaihn Chatter
9-6-2017   Intel Guru Bruce   Iraq is moving through this very well. They...have new rates, ATMS spitting out lower denoms for two weeks now for a while, they have paid everybody at new rates, and they have their new Qi cards out that have biometric features to them for security. A lot to the new system and there are new rates showing up on the cards. In some cases the rates disappeared and they could only see the account balances. The accounts are hydrated and the people are able to spend the money.  They went up on their daily amounts 100 fold.  A very positive thing for Iraq.  [post 1 of 2....stay tuned]

9-6-2017   Newshound Guru Kaperoni    Article:  "Iraq is the second largest importer of Iranian goods during the first four months of this year"   If anyone didn't know, Iran is slowly taking over more and more of Iraq.  Not good
9-5-2017   Intel Guru RayRen98   Reports are stating that Iraqi TV is showing the following...The Kurds starting their campaign of information for their "vote of independence" for September 25. The UK has expressed support of the agreement between Baghdad and Erbil until September 25.  PM Abadi is shown inspecting and praising the military but no mention of other concerns.  Another report from Iraqi TV indicates Salar and Abadi stating that the budget is finalized and clear of all court appeals and ready to be published in the Gazette. Time Will Tell ALL.

9-5-2017   Intel/Newshound Guru tman23  
"...The Dana official highlighted the Region’s ambition to put its finances in order ahead of the historic independence referendum..."  "The KRG has a publicly stated goal of clearing debts with upstream investors,” Jafar said. “The contracts are solid and are respected, both of which are important for investors."   ...GET THE FEELING KURDISTAN IS READY TO OPEN THE DOORS TO THEIR ECONOMY FOR INVESTORS...IN AUGUST OF 2014 BARZANI SAID THEY CAN'T DO IT WITH 3 ZEROS...WHAT'S A CENTRAL BANK TO DO?

9-5-2017   Intel Guru Frank26  Article:  "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017"   [Does this post mean the the 'final revised' 2017 budget has been posted in the Gazette?]  ...we said ...when they were ready the budget would become retro active...

9-5-2017   Newshound Guru Aggiedad77    Article:  "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017"   ...the long awaited printing of the budget within the Gazette is upon us I believe...this would be incredible news for all Iraqis...
9-5-2017  Newshound Guru Breitling   …This is actually very very good news as far as our investment goes.  We all know the price of oil is going down and it’s going to keep going down.  So if the price of oil is going down and Iraq is getting loans from the IMF how are they going to pay it back?    What are they going to be able to do to pay that back?    What are their options?  They’re not manufacturing anything…remember Iraq is not going to be a “sweat shop” so they don’t need to keep the value of their currency down like China does…in order to compete.  They are way beyond that…The CBI keeps talking about how they are going to increase the rate by bringing it up little bit by little bit for the sake of the economy.  Let the economy grow into itself.  Get to a buck..a buck thirteen and from that point on they are in a completely different economic plan where they are getting to $3.25.  That is what they are looking at.  It’s amazing…they are very happy about it.

9-5-2017   Intel Guru RayRen98
   The weekend reports are as follows...and everything still holds. Leaflets were distributed informing the liberation of Hawija. The Finance Minister was on Iraq TV saying the currency will rise in value during the month of September, citizens will see greater purchasing power and Iraqs' true economic value to the world will be revealed soon.  Citizens are reporting that bank security is reported as extremely unusual being guarded with tanks… they are being encouraged to keep quiet.  September 10 - September 15 are dates of considerable interest but details are being kept very quiet. Tensions are at an "all time high" but the reason for those tensions is still unknown.  Looking for good things to happen this week. I believe our day is coming.

9-5-2017   Newshound Guru Kaperoni   Article:  "Iraq adopts a new mechanism for the distribution of the salaries of 4.5 million employees"   Quote:  "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card."    This is a big step.  We have heard about them doing this for some time now.

9-5-2017   Newshound Guru MilitiaMan  Article:  "Iraq 's economy depends on a new mechanism to distribute the salaries of 4.5 million employees"   Quote:  "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card."    If the above article is not confirmation of what we have learned to date...I don't know what is! This should have everyone speechless...The pieces of the puzzle are unfolding under cover of a Holiday, imo.. Tell me things are not solid as a "Glory Day Dinar"! They make deposits and will need access to Dinars when they need them even when branches are closed. imo...
Elmer:
Not in today
Artmeister:
Not in toda
----- Original Message -----
To: undisclosed-recipients
Sent: Wednesday, September 06, 2017 1:44 AM
Subject: Guinea" - GCR/RV Intel SITREP - Tuesday - September 5, 2017

9/05/2017 11:11:00 PM Emailed, Intel, SITREP
Received via email for publication at 11:11 PM EDT. ~ Dinar Chronicles
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz5kilWmLPkKqWD0sUduFg76zfDZdhWEzBSrpouzR0zu-hewFWZ8ciQGP7jIbgIZphHKeckts9ZcZmiQ3_ulOHMcTh39Ypv6YxAJ4yVU4fZSh4CS4F668ZUvzPQQiFKHYwGs7EoRM65T0/s640/image2.jpeg

Zimbabwe went first on announcing the gold standard followed by the Yuan... why?

At this weekends BRICS business gathering Chinese President Xi Jinping of said that "China and Africa are a community of shared future and common interests, which have gone through thick and thin together."

“Regardless of changes in the international situation, China will unswervingly work with Africa for win-win cooperation and common development, and resolutely support peace and development in Africa,” President Xi said.

“China supports Africa’s capacity building in peace-keeping.”

He also said that China intends to better combine the Belt and Road Initiative and the China-Africa cooperation plans set forth at the FOCAC Johannesburg summit with the AU’s Agenda 2063.

"Africa is the future of the world," Xi said, "The future of BRICS will be determined by cooperation with Africa... let us jointly face our challenges together."

Wow... ok. How do you feel about your ZIM investment now? It's over 2.90+ as of the start of this week. This means Zimababwe's currency is valued more by the Chinese than America by nearly 3 to 1!

That's how far America will fall, how fast and when is tied into the release of the RV--which is still an immanent event.

And this is why you're already wealthy beyond traditionally understanding. But tradition is a liar as it relates to Anglo-Saxon history.

White Supremacy wasn't some passing fad, it was a four century problem/war that has structurally been suppressed in our lifetime. Pretty cool.

People of Color are going to make a "yuge" comeback as a result.

In this same spirit of proper valuation... Egypt, Guinea, Tajikistan, Thailand and Mexico were all asked to join the three-day BRICS business summit as observer nations, what President Xi called potential "BRICS Plus” members who could one day expand into the larger BRICS bloc, although no new members have been formally announced.

Bullshit. They were there announced just being at the meeting and discussed publicly by Xi. China is telling you what they are doing, look at what they did with the Yuan going to a gold backing in exchange for oil!

Are you listening?

These emerging market counties are not only all BRICS Plus members already, America is not! And they are each primed for massive growth with China's backing a la Zimbabwe, Vietnam, Indonesia, Afghanistan, Iraq and Iran.

BTW: All these nations have vast majority populations that yup... are of color.

Get it?

Anglos have for four hundred years tried to steal the wealth of the world, and couldn't, now China and Russia are restoring the truth which creates fiscal arbitrages that we can all take advantage if we are paying attention. So are you?

Take the Nation of Guinea as an example...

... Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than 1.8 billion metric tons (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium.

Yet check out its horribly under valued currency a la another little known undervalued African nation ... yup ... Zimbabwe.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKK8QITU-7ZHS1ZGUJ1vRFORCdjyr0juT22LrqT2sX8xjGnuJr1py_s5ZiNDxgSiWCEBTcagjkUke4JPxf9ZnBV0q-E_1cnsUsGoRqjHfMhNrcIGADX6qKKHSAQWlkjZAiNLJbF5FP44A/s640/image3.JPG

No wonder a second category 4 level hurricane is barreling down on Florida this week. Locals should just leave and pray to be spared given what happened in Houston.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMS5n5Zo_v0hEqnG4cBYgiWdIKiq6FLVOXA-OU_Ihqylf9TA0fKuRRUYb_wNmEhyx1k-VmAfW9Rv13J7RE6DB8TKGkZSjhyag5hsoQLb7IhsfwNikJU7O0GFph_vFRHF5lFY7wTihBDjo/s640/FullSizeRender.jpg

When all these historically evil lies and manmade catastrophic storms pass, peace and prosperity will restore and remain for 1,000 years.

So all is well. Be at peace. This too shall pass.

God is with us
Catnip:
ARTICLE 1 (from PM Abadi's website)

No new posting on PM Abadi's website since yesterday.

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ARTICLE 2

Maliki: Beware of a political coup and the division of the country and no solution except by the political majority

BAGHDAD - The current deputy prime minister, Nuri al-Maliki, said in a speech during a gathering of tribes in Babil province that "the reform of the political process will be through the project of the political majority and the formation of a majority government based on principles and basic principles and clear The best solution to solve Iraq's current problems and bring it back to the path of its international and Arab status. "
"We have to be aware of the strife and conspiracy that the enemy seeks to implement. We must be cautious and aware of the dangers of the next stage because we will face new schemes of demands to divide Iraq and stir sectarian strife among its components."
Maliki said in a speech during the gathering that "political disputes and rivalries between the blocks formed for the parliament and the government is the weak point in the implementation of any resolution, especially if it has political, national and regional dimensions and that the upcoming elections will be the seperate in the future of Iraq," warning of " In light of the voices calling for the abolition of the elections and postponement and there are attempts to question certain targets by some to reduce the importance and magnitude of the victories provided by our armed forces and popular mobilization. AH

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ARTICLE 3-A

Change and the Islamic Group call for postponement of the referendum of the region
2017/9/4 16:55
[In Baghdad]
The Islamic Group and the Kurdish Change Movement called for postponing the referendum of the region to be held on the 25th of this month.
According to the statement, received the agency {Euphrates News} copy of it today that "the Change Movement and the Islamic Group held a meeting, on Monday, in the city of Sulaymaniyah, where the parties issued a statement, requesting the postponement of the referendum in the Kurdistan region."
He added that "the Islamic Group and the Movement for Change have stressed the abolition of the system of saving salaries and improve the conditions of citizens and activate the Parliament of Kurdistan in terms of carrying out its legal and supervisory work, and to postpone the referendum to an appropriate time to be approved in accordance with the law by the Parliament of Kurdistan, in addition to holding elections at the time set by law "He said.
He pointed out that "they expressed their readiness again for serious dialogue in order to solve all the problems in the Kurdistan region."

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ARTICLE 3-B

Barzani: We agreed on a democratic civilian state and now we live in a sectarian religious state

Arbil - Iraq Press - September 5: The President of the Kurdistan Region, Massoud Barzani, on Tuesday, that his mission will end when he can achieve independence for the people of Kurdistan. "It was agreed with the Iraqi parties to form a democratic, federal, democratic state, and now we are living under a religious and sectarian state," Barzani said.
He added, "We have made great efforts to not reach the decision of the referendum, and those who ask us to postpone, we asked them and told them to give us the alternative."
The President of the Kurdistan Region during the interview, "My goal is to achieve popular independence and when this is done, my mission ends." The Kurdistan region intends to hold a referendum to prepare for their independence from Iraq on September 25. Finished

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ARTICLE 4

The appointment of a new commander of the International Alliance against a preacher instead of "Stephen Townsend"

BAGHDAD, Iraq (AP)/September 5 - General Paul Funk was appointed as the new leader of Operation Determined Steel against the terrorist organization Da'ash in Syria and Iraq instead of General Stephen Townsend.
The headquarters of the operation announced today that the handover ceremony took place in the presence of the head of the Central Command of the US Armed Forces, General Joseph Fotel.
The new leader said in a speech at the ceremony that "the presence of" urging "per se represents a danger to the civilized world as a whole and our way of life. We have to destroy them, and we will do so through joint efforts. "
Townsend has led Operation Solid Steel since August 21, 2016, after General Sean McFarland took over. Finished

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ARTICLE 5

Rafidain: Completion of 13 transactions granting loans for the purchase of housing units from Basmaya during July
2017/9/6 9:45
[Ayna-Baghdad]
Al-Rafidain Bank announced the completion of 13 transactions granting loans to the residential complex of citizens during the month of July.
The bank's information office said in a press statement received by the agency all of Iraq [where] a copy of it today that "the bank granted in July loans to citizens amounted to 13 transactions."
He pointed out that "the bank continues to grant these loans for the purchase of housing units of the complex Basmaya housing."
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ARTICLE 6

A state without "benzene" in 2032
2017/9/6 9:31
[Ayna-Follow]
The Scottish government has pledged to gradually dispose of gasoline, diesel and vans by 2032, eight years before the British government's goal.
Prime Minister Nikola Storjeon has outlined plans to widely deploy power stations across the country and set up pilot projects to promote the acquisition of electric vehicles.
"Our goal is to gradually phase out gasoline, diesel and pickup trucks in Scotland by 2032," said Storgione.
In July, Britain announced it would stop gasoline and diesel production from 2040 to reduce pollution. Similar plans have been made by France and cities such as Madrid, Mexico City and Athens.
The government said compliance with these plans was necessary because of the inevitable impact on the bad air quality that people are suffering.

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