TNT Thursday Update
The Federal Court announced the legitimacy of the third amendment to the election law voted by Parliament. Salim Shawqi was stated as saying, "The decision of the Federal Court was expected, but the results of the elections will not have a major significance."
PM Abadi is "expected" to immediately commence the arrest of the crooked politicians who lost their seats on July 1, 2018. He is also expected to start an investigation seeking those responsible for the fall of Mosul as previously requested by Sadr.
Implementation of the economic reforms is expected immediately following the placement of the new Parliament members.
Citizens have been in a two-week awareness campaign of the new changes by posting lower denoms on the billboards for all to see.
#wearethepeople
Here is a link to that pitbull article
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,165.6000 | 1,165.6000 | 1,165.6000 | | 20:00 |
| USD/VND | | | 22,842.0000 | 22,490.0000 | 22,490.0000 | | 04:15 |
| USD/CNY | | | 6.5054 | 6.4705 | 6.4715 | | 06:44 |
| USD/KWD | | | 0.3024 | 0.3017 | 0.3023 | | 06:32 |
| GBP/USD | | | 1.3174 | 1.3103 | 1.3172 | | 06:44 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,145.3000 | 13,923.0000 | 13,923.0000 | | 06:41 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:dd
Masoum and Nujaifi warn of the repercussions of any vacuum in power
(Baghdad: Al-Furat News) President Fuad Masum discussed in Baghdad on Wednesday afternoon with Vice President Osama Najafi the developments of the current political situation in the country.
A presidential statement received by the agency {Euphrates News} that Masoum and Nujaifi stressed "the importance of strengthening the efforts of all national parties to overcome the outstanding problems, and start building the legislative and executive authorities in the light of the election results after waiting for the position of the competent judicial authorities of the issues before them on the elections."
They also stressed "the need to understand the various parties and the commitment to the constitutional work and respect for the judiciary, as well as intensify efforts of all to accelerate the political building necessary to avoid any vacuum and any potential problems that may result, God forbid."
They also stressed "the need to understand the various parties and the commitment to the constitutional work and respect for the judiciary, as well as intensify efforts of all to accelerate the political building necessary to avoid any vacuum and any potential problems that may result, God forbid."
Kurdistan Regional Government pays more than eighty million dollars as receivables to oil companies
Roudao - Erbil
"TAQA" and "DNO" have received an amount of $ 81.09 million from the Government of the Kurdistan Region for their financial dues for the month of March this year.
Has announced the TAQA UAE supervising the field of oil Atrush in the Kurdistan Region that it has received from the Kurdistan Regional Government $ 18.9 million as financial receivables for the export of oil from the field mentioned in March this year.
For its part, announced DNO Norwegian working in the field of Tawke in the Kurdistan Region, it received from the Government of the Kurdistan Region $ 62.19 million dollars in export wages of oil in March.
According to a statement by the Canadian company Shamaran, participating in the field of Atrus oil, $ 14 million out of the 18.9 million received by TAQA, which was the wages of companies for oil exports, was $ 4.9 million of the amount of pipeline expenses from the field to the pipeline carrier president For the Kurdistan Region oil to the Turkish port of Ceyhan.
On the other hand, DNO announced that it received another $ 5.58 million in financial dues after deducting the issue of its accumulated loans with the Kurdistan Regional Government last August and owns 75% of the oil field of Tauki.
Lake Milh dries up in sign of Worse to come
June 21, 2018
Karbala’s Lake Milh hasn’t seen a lot of visitors in the last few years. Once a popular picnic destination for Karbala residents, the lake’s water has dwindled, leaving most of it a desert with nothing but derelict fishing boats and dead animals. The second-largest lake in Iraq, Lake Milh is also known as Lake Razzaza; it lies west of Karbala and southwest of Baghdad. It is fed by the Euphrates River as well as rainfall and groundwater sources. Over the last decade, however, it has been drying up. Saeed Ali, a fish vendor who lives near the lake, told Al-Monitor, “The lake was an important source of fish in the ’80s and ’90s. But with time, it has become a mere pond that will one day dry out completely if the issue is not addressed.” Furat al-Tamimi, head of the parliament’s Committee for Agriculture, Water and Marshlands, said the situation......
Iraq excludes ExxonMobil oil from a giant project
Iraq has ended talks with Exxon Mobil Corp. because the major oil company is building a giant water treatment plant, a vital project for the OPEC member to increase its capacity to produce crude, the director general of the Basra Oil Company said on Wednesday. .
Ihsan Ismail told reporters on the sidelines of the OPEC forum in Vienna that instead, the Basra Oil Company will grant the "Joint Sea Water Project" through a tender process is expected to be completed by the end of July.
He said the company had already selected a short list of three companies for the contract from a preliminary list of seven companies.
Ismail declined to give a figure for the cost of the project or the names of the companies that were placed in the short list.
He said the project would be able to handle five million barrels per day of seawater, with the potential to increase to 7.35 million bpd.
The Basra oil company is still in discussions with Exxon on other projects in the south of the country, including the development of the fields of the River Ben Omar and Artawi oil.
He said the company had already selected a short list of three companies for the contract from a preliminary list of seven companies.
Ismail declined to give a figure for the cost of the project or the names of the companies that were placed in the short list.
He said the project would be able to handle five million barrels per day of seawater, with the potential to increase to 7.35 million bpd.
The Basra oil company is still in discussions with Exxon on other projects in the south of the country, including the development of the fields of the River Ben Omar and Artawi oil.
Security leaders from three provinces looking to secure the road to Baghdad - Kirkuk
June 21, 2018
Following a recent security breach that took place on the Kirkuk / Baghdad road during the past few days, a committee of the Ministry of Interior visited on Wednesday the Diyala police headquarters where an "expanded security meeting" was held, including security chiefs from Diyala province and the governorates of Kirkuk and Salahuddin. - Kirkuk.
Following a recent security breach that took place on the Kirkuk / Baghdad road during the past few days, a committee of the Ministry of Interior visited on Wednesday the Diyala police headquarters where an "expanded security meeting" was held, including security chiefs from Diyala province and the governorates of Kirkuk and Salahuddin. - Kirkuk.
The security situation deteriorated significantly in Kirkuk and the rest of the Kurdistan regions outside the administration of the Kurdistan region or called the <disputed> after the events of 16 October 2017 and the return of the militia and other Iraqi security forces control after the referendum on independence in the Kurdistan Region on 25 September, While he resumed his activity significantly through bombings and attacks, despite the announcement of the Iraqi Prime Minister Haidar Abadi end of the organization and «final victory» at the end of last year.
A statement issued by the Diyala police, said that the Undersecretary of the Interior Minister for Federal Security Affairs Mohammed Badr and his accompanying delegation visited the police headquarters in Diyala "to discuss the latest security developments in the province and to investigate the facts about the abduction of a number of citizens by a preacher in the region of Anjana and find appropriate solutions.
The statement added that "the Undersecretary of the Ministry and accompanied by security leaders in the province of Diyala, Kirkuk and Salahuddin inspected the border area of Anjana and the border link between the provinces of Diyala and Kirkuk, which witnessed an attack by gang members and called for the abduction of a number of citizens"
The statement pointed out that "the convening of an expanded security conference at the Diyala police headquarters to develop security plans in the area of Anjana and along the road link between Baghdad and Kirkuk, headed by the team Mohammed Badr and in the presence of security leaders and managers of intelligence and security."
The statement quoted the Diyala police chief, Major General Faisal al-Abbadi, as saying that "this visit is by order of the commander-in-chief of the armed forces and the Minister of Interior to see the security situation in the Anjana region and found important solutions through the security conference that was held at the police headquarters."
Militants of an armed group launched an attack on the Kirkuk-Baghdad road in the Anjana district on Sunday evening, June 17, 2018, killing two truck drivers and abducting seven civilians.
The organization also launched another attack in the area of Sidr near Tal Gusibeh east of Salah al-Din on the road Khormato-Tikrit and kidnapped a number of citizens. The sources said that the elements of the organization took control for some time on the road to Tikrit - Tuzhurmatu near the region of Angha and Bablan in Hamrin.
Another attack by armed men was reported on the same day in Talul al-Bagh district, northwest of Salahaddin, killing four people. These are the bloodiest attacks of a few days after a large sweep by Iraqi forces in desert areas at the desert triangle of Diyala, Salahaddin and Kirkuk. Kirkuk has recorded about 15 incidents between bombings, assassinations and attacks during the past few days.
Kirkuk Council Rapporteur: Current security forces are unable to protect the city
21/06/2018
Kirkuk Governorate Council announced on Wednesday that the security forces are unable to provide the required protection for citizens, while calling for the formation of a joint operations room with the participation of the Peshmerga and Asayish forces, accused the governor of Kirkuk agency default.
"Firing indiscriminate fire and house raids by elements in the security forces and not protecting the farmers in the villages of Daqouq, and the lack of control over the security file in the province of Kirkuk," said Fadhil Fadhil, who holds the position of the Kurdistan National Union Party. Is a source of concern and fear for the people of the city ».
Fadel pointed to the incident of the killing of an elderly woman and a child in the area of Shurja by the Iraqi security forces, explaining "from these incidents we know that the security forces in the city can not provide protection for citizens."
The security situation deteriorated significantly in Kirkuk and the rest of the Kurdish areas outside the administration of the Kurdistan Region or the so-called <disputed> after the events of 16 October 2017 and the return of militias and other Iraqi security forces control after the referendum on independence in the Kurdistan Region on 25 September, While he resumed his activity significantly through bombings and attacks, despite the announcement of the Iraqi Prime Minister Haidar Abadi end of the organization and «final victory» at the end of last year.
And with confirmation of the decision of the Kirkuk Provincial Council to register a complaint in the Kirkuk court, I read a statement on the security situation in the province, demanding «to form a joint operations room with the participation of Peshmerga and Asayish».
She added that «Alkakaiin are subjected to constant threats by armed men, but the security forces in the region do not believe the protection required for them and there is a clear failure by the Iraqi forces».
The governor of Kirkuk province, Acting Governor Rakan Said (who was installed by the Popular Popular Militants after the events of October 16), criticized the decision because he was unable to perform his duty as required and was not a representative of the components of Kirkuk. A lot of issues, despite the fact that they are the majority in the city and this is unacceptable and we will follow the legal means to confront it ».
Fadhil concluded by saying: "We demand from the Commission the problem posed by Baghdad to investigate the incident of the killing of an elderly woman and wounding three others, to disclose the results of its investigations to public opinion and bring the fair punishment against anyone found guilty in the incident.
An elderly Kurdish woman named Halawah Nasreddin, 65, was killed in front of the headquarters of the anti-terrorist forces in Shourao district, east of Kirkuk, by indiscriminate fire. Three members of her family were also injured. ), While the militants of an organization called to launch an attack on the Kirkuk-Baghdad road in the Anjana area on Sunday evening June 17, 2018, killing two truck drivers and the abduction of seven civilians.
While the center of Kirkuk, about 15 incidents between the bombing and assassination and attack during the past few years.
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Kauaihn Iraq Articles:dd
No Iraq-Turkey Coordination on Turkish Military Op. in Border Areas: Abadi
Turkish snap election is scheduled for June 24.Abadi further pointed out that Iraq does not support any military confrontation against Turkish army "by any sides".
Apart from crossing some Iraqi territories, Turkish army has lately launched an air operation against the Kurdiatan Workers' Party (PKK) mainly headquartered in the Kurdiatan Region Qandil Mount.Ankara had previously asked Baghdad to address the issue of the PKK, threatening to follow the armed group wherever it is present.
Italy announced a development in the maintenance and rehabilitation of the Mosul Dam.
The Secretary-General of the Council of Ministers, Mahdi Al-Alak, discussed the role of the Italian government and its contribution to the financing of the Reconstruction Fund for liberated areas and support projects of oil fields, construction and electricity."
He added that during his meeting with Italian Ambassador to Iraq Bruno Antonio Pascueno, he expressed his pleasure with the Italian company Trevi in the maintenance of the Mosul Dam after the extension of their contract for 2018. He pointed out that Iraq is keen to choose the most honest companies in the field of reconstruction and investment "He said.
For his part, the Italian ambassador pointed out that "the Mosul Dam project is an excellent example of cooperation between Iraqis and Italians, stressing the importance of continuing the Italian company TREVI work in the dam of Mosul, and keen to sign the contract maintenance of the dam for the second year, in order to finalize the final rehabilitation.
The two sides also discussed "the most important projects submitted by the Italian side concerning the power generation projects in Hilla and south of Baghdad approved by the Council of Ministers, stressing the need to use clean fuel for natural gas plant plants that will support the power plants with dry gas to generate energy efficiently, The increasing demand for electricity, while at the same time the project aims to reduce the amount of gas burning in the fields of Nasiriyah and Gharraf. "
It is noteworthy that Iraq received loans of 78 million dollars from the Italian government, within this year's budget, allocated to the projects of ministries of water resources, agriculture and trade.
On March 2, 2016, the government signed a contract with Italy's Trevi for the maintenance of the Mosul Dam for 273 million euros.
The contract obliges the company, by undertaking maintenance work, and filling the dam for 18 months, and in March 2018 the contract was extended with another year.
On Feb. 28, the government called on people living in areas adjacent to the Tigris River to avoid the risk of flooding into their areas to avoid the danger of the collapse of the Mosul dam, and urged residents of Mosul, Tikrit and Samarra to walk several kilometers away. According to a statement issued by the Prime Minister's Office
He added that during his meeting with Italian Ambassador to Iraq Bruno Antonio Pascueno, he expressed his pleasure with the Italian company Trevi in the maintenance of the Mosul Dam after the extension of their contract for 2018. He pointed out that Iraq is keen to choose the most honest companies in the field of reconstruction and investment "He said.
For his part, the Italian ambassador pointed out that "the Mosul Dam project is an excellent example of cooperation between Iraqis and Italians, stressing the importance of continuing the Italian company TREVI work in the dam of Mosul, and keen to sign the contract maintenance of the dam for the second year, in order to finalize the final rehabilitation.
The two sides also discussed "the most important projects submitted by the Italian side concerning the power generation projects in Hilla and south of Baghdad approved by the Council of Ministers, stressing the need to use clean fuel for natural gas plant plants that will support the power plants with dry gas to generate energy efficiently, The increasing demand for electricity, while at the same time the project aims to reduce the amount of gas burning in the fields of Nasiriyah and Gharraf. "
It is noteworthy that Iraq received loans of 78 million dollars from the Italian government, within this year's budget, allocated to the projects of ministries of water resources, agriculture and trade.
On March 2, 2016, the government signed a contract with Italy's Trevi for the maintenance of the Mosul Dam for 273 million euros.
The contract obliges the company, by undertaking maintenance work, and filling the dam for 18 months, and in March 2018 the contract was extended with another year.
On Feb. 28, the government called on people living in areas adjacent to the Tigris River to avoid the risk of flooding into their areas to avoid the danger of the collapse of the Mosul dam, and urged residents of Mosul, Tikrit and Samarra to walk several kilometers away. According to a statement issued by the Prime Minister's Office
Kurdish traders ink agreement to boost ties with Iran
Iraq, June 21, 2018
A KRG delegation is attending a conference in Iran aimed at building business relations between Iran, Iraq, Turkey, and Azerbaijan. Kurdish traders kicked off the event with an agreement to boost trade ties.The three-day conference began on Tuesday in Maku, northern West Azerbaijan Province.
Iran wants to introduce the products of 850 factories to its neighbors.'It is true that we have good economic relations with Iraq and Turkey, but this is not a lot compared to the culture, history, and land-borders we share together,' Mohammad Reza, deputy-director of Maku's customs, told Rudaw.
'In order to considerably develop our economic ties with neighbors, we need to let producers of these countries to produce in neighboring countries,” he added.The KRG is working to expand trade and economic ties with its eastern neighbor. Erbil wants Tehran to see the long-term benefits of building ties with Kurdistan.
On the first day of the conference in Maku, traders and Kurdistan and Maku signed an agreement to improve business ties.'We agreed to improve the current business relations between Kurdistan Region and Iran. We encourage our members to work with Maku,' Sheikh Mustafa Abdulrahman, head of the Union of Importers and Exporters of the Kurdistan Region of Iraq, told Rudaw.
Maku is also hoping to develop its tourism industry. Developing tourism in Maku is easy because it has good weather and nature. There are nice rivers in Maku that we can attract tourists from Iraq and Kurdistan Region,' Mahdi Slemani, the director of Maku’s customs, told Rudaw.
Eurozone Budget Could Split EU
Thursday, June 21, 2018
Members of Chancellor Angela Merkel’s conservative bloc opposed to larger financial contributions to the eurozone on Wednesday reacted with skepticism to her agreement with French President Emmanuel Macron to create a common budget for the currency bloc.Merkel and Macron hailed a “new chapter” for the eurozone after talks at the Meseberg retreat outside Berlin on Tuesday where they hailed the budget as a tool to strengthen economic competitiveness in the currency union. But details were scant, Reuters reported.Merkel’s conservative bloc is divided over immigration and stiff resistance to eurozone reforms agreed with Macron could further erode her authority and threaten to unravel her coalition government three months after taking office.
“The European Union will have a shadow budget for the eurozone,” said Hans Michelbach, a lawmaker of the Christian Social Union, the Bavaria sister party of Merkel’s Christian Democrats.“For us this is more like splitting Europe because countries that are not using the euro will be excluded. I am stunned by the promise that was given to Macron,” he added, referring to Merkel’s support for a eurozone budget.
Merkel said the budget would be used to strengthen economic convergence within the eurozone, which was almost torn apart by a debt crisis that took hold in 2009.Macron defended the agreement when pressed by journalists, saying the budget would be operational by 2021 with annual revenues and spending.The two leaders had decided to focus on broad issues to leave more room for negotiations with the other 17 euro members, which leaves scope for the plans to be watered down.
National contributions and European resources would be used to fund the budget, the leaders said in the declaration.“Now it’s about the details. Much remains unclear and should be made public, including the size of the new euro budget and the level of German contributions,” said CDU lawmaker Eckhardt Rehberg, parliamentary speaker on budget policy for the CDU/CSU.“We will have to look carefully at the justifications given for new euro funds and credit lines in addition to existing ones,” Rehberg added.
He said the conservatives would not lend Merkel support for a European unemployment insurance system nor for a euro tax to fund additional spending plans.
Key Economic Figures Debate Iran’s Financial Condition
Ongoing currency issues and the prospect of US reimposition of sanctions took a back seat on Tuesday at the annual Conference on Monetary and Foreign Exchange Policies in Tehran.
Instead, participating officials with the Central Bank of Iran and the economic team of President Hassan Rouhani’s government chose to mostly focus on internal issues such as surging liquidity and perennial budget deficits, among others.
The two-day conference, subtitled “Structural Reforms for Fiscal Stability”, hosted a series of keynote speeches by well-known economic figures, a short celebration and book unveiling ceremony, and three expert panels.
Ali Divandari, the head of Monetary and Banking Research Institute, the entity holding the event, opened the conference. He was followed by CBI Governor Valiollah Seif who presented yet another review of general achievements and policies of the central regulator under his five-year command.
He talked about curbing the inflation rate to single digits, the last Iranian year’s (ended in March) GDP growth rate of 3.7% and limiting annual liquidity growth by 1.1% as it grew by 22.1% to reach 15.3 quadrillion rials ($356.6 billion) by the end of last year. He also said CBI is still pursuing its bank reform plan.
Iran: Structural Reforms in Banks to Help Ensure Fiscal Stability
Thursday, June 21, 2018
Our main challenge is structural reforms and achieving fiscal stability
Komijani reassured that if lawmakers don’t make substantial changes to what has been proposed by the government, the reform measures will finally succeed
The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the banking system, with the aim of achieving fiscal stability.
Mohammad Nahavandian, deputy for economic affairs to President Hassan Rouhani, delivered the first keynote speech. He stressed that even as the country is dealing with a variety of issues that require quick responses, it must not lose sight of the big picture.
“Our main challenge is structural reforms and achieving fiscal stability,” he said, especially since stringent sanctions are to be reimposed against Iran as US President Donald Trump on May 8 violated the Joint Comprehensive Plan of Action, the formal name of Iran’s nuclear deal with world powers, to destabilize the country.
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ECONOMIC TIMES / CHATTER
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GLOBAL/NEWS/INFO
The 10 best places to work, according to millennials
Just one Silicon Valley tech giant makes this list.
Suzy Welch: This huge interview mistake ruined my chances of getting the job
There is a fine line between being relaxed and too relaxed in an interview, says bestselling management author Suzy Welch.
How Jamie Dimon, Indra Nooyi and other top CEOs turned adversity into an advantage
Former Yum! Brands CEO David Novak talks to Jamie Dimon, Indra Nooyi and Brian Cornell about how they turned challenges into success.
Here's How Much You Should Actually Be Contributing to Your 401(k)
SELF
SELF
If you've ever asked the question "how much should I put in my 401(k)?," this article—full of advice from two certified financial planners—is for you. Read the full story
8 Estate Planning Moves If You Are Getting Divorced
Forbes Magazine
If you are getting divorced, your current spouse has certain rights. Make sure you are meeting your legal obligations to your spouse while exercising as much control over your assets as possible. Read the full story
OIL/COMMODITIES/ENERGY
Gold prices little changed; platinum hits over two-year low
Gold traded in a narrow range on Wednesday, hovering near a six-month low hit in the previous session.
Read more: https://www.cnbc.com/2018/06/
Gold poised to carve out 2018 low as metal extends decline
MarketWatch
Gold futures decline in early Wednesday trade, and sit poised to retreat to a fresh low for 2018 as a stronger dollar diminishes appetite for the yellow metal. Read the full story
Gold Prices Struggle to Find Footing as Dollar Rallies
Investing.com
Commodities Jun 19, 2018 17:52 GMT Investing.com – The growing threat of an all-out trade-war between the U.S. and China drew a muted reaction in gold prices as the dollar rally kept a lid on demand for the yellow metal. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $2.40 or 0.19%, to $1,277.70 a troy ounce. China vowed to retaliate to the latest trade salvo from the White House – after Trump threatened to impose a 10% tariff on $200 billion Read the full story
Gold Falls Amid Trade War Worries
Investing.com
© Reuters. Gold was slightly lower on Tuesday. Read the full story
Crude Oil Prices Settle Lower as Rising Dollar, Output Hike Fears Weigh
Investing.com
Commodities Jun 19, 2018 18:35 GMT Investing.com – WTI crude oil prices settled lower Tuesday on fears of an aggressive output hike after Russia’s energy minister suggested the market was capable of absorbing an increase in production. On the New York Mercantile Exchange crude futures for July delivery fell 1.2% to settle at $65.07 a barrel, while on London’s Intercontinental Exchange, Brent fell 1.4% to trade at $64.95 a barrel. Russia’s Energy minister Alexander Novak suggested Tuesday major Read the full story
Oil up on US stocks, Libya ahead of OPEC meeting
Oil prices rose on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya.
Read more: https://www.cnbc.com/2018/06/
Oil Prices Edge Higher Ahead Of U.S. Inventory Data
© Reuters. Oil prices edge higher Read the full story
BANKS/BANKING/CREDIT
Credit Unions vs. Banks: What's the Difference?TheStreet
Learn the difference between a credit union and bank and which works best for your needs. With increasing fees and uncertain regulations of banks, many consumers are turning to the credit union as an alternative. When deciding between a bank and a credit union, it is important to consider which works best for your particular financial needs. While both banks and credit unions operate under similar laws and agencies regarding loans, mortgages and safety, the customer experience you get can be Read the full story
Wells Fargo's ethics hotline calls are on the rise
CNN Money
Wells Fargo's quest to clean up its act requires workers to shine a light on shady activity when they see it. Read the full story
Major credit card companies are cutting their perks
NBC News
After years of offering an ever-expanding menu of perks to their cardholders, several major credit card companies are going in the opposite direction -- eliminating or reducing the value of some of these extras. Read the full story
Sign Up for Free Trials With a Virtual Credit Card
lifehacker
If you routinely forget to set calendar reminders to cancel free trials before they auto-renew, consider using a prepaid card instead of your credit card, as this Redditor recommends. Read the full story
Better Buy: American Express Company vs. Discover
The Motley Fool
These two credit card companies sport nearly identical business models. Which makes for a better investment today? Read the full story
BofA's Merrill admits misleading customers, to pay $42 million SEC fine
Reuters
Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On WednesdayInvesting.com
© Reuters. Top 5 things to know today in financial markets Read the full story
US Treasury yields tick higher as trade turmoil continues to rattle markets
U.S. government debt prices slipped into negative territory on Wednesday, ahead of a key speech by the chair of the U.S. Federal Reserve.
10 Unexpected Signs Of Early Onset Dementia That Everyone Should Know About
Bustle
One of the sad facts of life is that getting older, unfortunately, comes with the possibility of declining health and many different diseases. One of the scariest is Alzheimer's disease, a common and severe form of dementia that results in memory los… Read the full story
Hedge-fund boss who predicted ‘87 crash says next recession will be ‘really frightening’
MarketWatch
Paul Tudor Jones, a hedge-fund luminary, says the next economic downturn confronted by the U.S. could be an ugly one. Read the full story
CRYPTO'S/DIGITAL CURRENCY
Bitcoin Price Steady Above $6K Despite Bithumb Hack
CoinDesk
CoinDesk
Bitcoin remains on the hunt for $7,000 despite news that the a South Korean crypto exchange has been hacked. Read the full story
$800 Million ICON's Token Swap Is Launching Within 24 Hours
CoinDesk
ICON is gearing up for its token swap which will see its ERC20 tokens exchanged for mainnet ICX coins. Read the full story
Inside the Crypto World's Biggest Scandal
WIRED
Arthur and Kathleen Breitman thought they held the secret to building a new decentralized utopia. On the way, they plunged into a new kind of hell. A crypto-tragedy in three acts. Read the full story
Cryptocurrency Price: Bitcoin and Others Soar As Regulators Warm to Coin
Inverse
The cyrptocurrency market is bouncing back. Prices across the board rose, with 93 of the 100 largest coins reporting gains over the past 24 hours on crypto market tracker CoinMarketCap. The jump in Bitcoin and Ethereum comes after a good SEC verdict and new moves from New York State. Read the full story
CRYPTO INSIDER: Central bankers claim bitcoin could break the internet
Business Insider
Bank of International Settlements head Agustin Carstens. Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money." But critics in the crypto world say they're missing the point, and that bitcoin and other cryptocurrencies are still in Read the full story
Bitcoin treads water, struggles for fresh catalyst
MarketWatch
Most digital currency prices trade near break-even levels reached after the Securities and Exchange declared that bitcoin and Ether don’t warrant the type of regulatory scrutiny that traditional securities are subject. Read the full story
CURRENCIES
Dollar steadies as risk aversion ebbs, Sino-US trade rift still a worry
The dollar steadied against a basket of currencies on Wednesday as risk aversion sparked by concerns over a U.S.-China trade feud ebbed.
Forex - Dollar Hits Nearly 1-Year High Amid Latest White House Trade Salvo
Investing.com
Forex Jun 19, 2018 16:56 GMT Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.31% to 94.70 after trading as high as 94.70. Fears of full-blown trade war came to the fore Tuesday as China vowed to retaliate to Read the full story
Forex- Better U.S. Yields Slightly Lift Dollar Amid Trade War Threat
Investing.com
© Reuters. The dollar gained slightly on Wednesday morning trade in Asia Read the full story
Australian Dollar May Drop to 70 Cents This Year: BlackRock
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Australia’s dollar is at risk of sliding to 70 U.S. cents this year as China’s economy slows and the Federal Reserve keeps raising U.S. interest rates, according to BlackRock Inc. The Aussie tumbled below 74 cents on Tuesday for the first time in a year amid a worsening trade dispute between the U.S. and China, Australia’s largest trading partner. The currency faces more pressure as policy divergence sees Australian bond yields drop Read the full story
It's Time to Mothball Argentina's Central Bank and Dump the Peso
Forbes Magazine
Argentina is in the grips of yet another currency crisis. Since April, the peso has lost 26.2% of its value against the greenback. Argentina’s Central Bank should have been mothballed and put in a museum long ago. Read the full story
Chinese yuan softens to near-year low after PBOC sets midpoint 351 basis points lower
South China Morning Post
Traders say currency will continue to weaken amid worries of trade war between China and the US Read the full story
Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate
South China Morning Post
Currency had already hit a five-month low against the US dollar on Monday Read the full story
Currencies get crushed around the world
Axios
Currency values displayed in Buenos Aires. Over the past few weeks, half a dozen countries around the world have seen their currencies collapse in the worst self-off in more than 5 years. The big picture: Since the global financial crisis in 2008, many “emerging markets” (countries in the middle of the global pack in per capita GDP) saw huge growth because of a few important things: the European and U.S. central banks were practically giving away free money, which many investors threw into Read the full story
INSURANCE/HEALTH
8 Ways To Treat Allergies, According To Eastern Medicine
Bustle
Bustle
Allergies are a nuisance to deal with, and if you're someone who is sick of popping antihistamines every time you get the sniffles, you might be looking for alternative remedies. There are a number of ways to treat allergies, according to Eastern Med… Read the full story
The war against childhood cancer: Who's winning?
CNN
Every day, the terrifying reality of a cancer diagnosis changes a child's life. But as technology and treatments improve, many more children could be able to call themselves survivors. Read the full story
Diabetes study could save patients time and money
CBS News
New research suggests that a single blood test could accurately confirm type 2 diabetes Read the full story
The Diabetes Cure That Most Insurance Companies Won't Pay for
Gizmodo
For 15 years, Erez Benari’s struggle with his type 2 diabetes had been a losing one. A software engineer at Microsoft in Seattle, Washington, Benari had stuck to a restrictive diet that kept him off most carbs, along with regular insulin shots. But still, his high blood sugar levels never dropped, while his health continued to decline. In 2013, the then 39-year-old Benari suffered a heart attack. Read the full story
Pancreatic cancer survivor: "No one else should be told go home and die"
CBS News
"The first doctor who saw me told me to go home and die," says a pancreatic cancer survivor who hopes one day no one else will have to hear those words Read the full story
Why Should You Care About the Microbiome?
Food Network
What to know about the microorganisms in your gut. Lately, there’s been a lot of talk about the term microbiome, which refers to a collection of microorganisms or “good bacteria” that live inside your gut. The microbiome is a relatively new term in the nutrition world, and it’s rapidly becoming an increasingly important field of study among scientists. Millions of dollars are being poured into research to reach a better understanding of the microbiome and its role in disease. Here’s what you Read the full story
Here Are The Symptoms Of Delayed Drowning That Every Parent Needs To Know
Romper
As a former lifeguard, drowning is the worst possible word. When I was a lifeguard at the local public pool in high school, we were only worried about one kind of drowning: the kind that happened right in front of us. Now that I'm a parent, phrases l… Read the full story
What drinking alcohol means for your cancer and death risk
CNN
Though your cancer risk increases with each additional drink, the relationship between mortality and alcohol intake is a bit different, according to a new study. Read the full story
Trump administration rule would stop public reporting of hospital infections despite mounting death toll
USA TODAY
The Center for Medicare and Medicaid Services' (CMS) plan, buried in a complex 500-page proposed rule, would halt the type of public disclosure of six infections, including the "super bug" MRSA, post-operative sepsis and surgical site infections. Read the full story
USA/CANADA
Chinese investment in the United States has plummeted 92% this yearCNN Money
The dramatic decline comes as the fight between Washington and Beijing over trade continues to escalate. Read the full story
Republicans Move to End Family Separation Crisis
The New York Times
But President Trump rejected one proposal, by Senator Ted Cruz, to end the separations by increasing personnel in immigration courts, suggesting that many of those judges could be corrupt. Read the full story
Trump threatens to shut down government over full border wall funding: report
The Hill
President Trump threatened during a meeting with GOP senators and White House officials to shut down the government over full funding for his border wall, according to multiple reports. Read the full story
The Latest: Trade fight could slow US growth, economists say
ABC News
The Latest: Escalating trade fight could soon slow US growth, economists say Read the full story
US housing still affordable, except in these metro areas
Fox Business
While home prices in more than half of the largest U.S. metro areas are higher now than they were during the housing boom, a new study says other factors may be offsetting rising costs. Read the full story
Confident Consumers Power Up The Economy
Investing.com
Economy Jun 19, 2018 15:17 GMT investing.com - Economic growth is exploding. After growing at a surprisingly weak rate of 2.2% in the first quarter, the economy will grow by 4.8% in the second quarter, according to the Atlanta Federal Re serve’s mid-June forecast. If so, that would be the best quarterly performance in four years. Economists say the big difference is consumer spending. A good reflection of that was the 0.8% increase in retail sales in May. Overall, sales are up 5.9% from a year Read the full story
U.S. Tariff On Canadian Lumber Hits Home And Abroad
Investing.com
Economy Jun 20, 2018 11:30 GMT Investing.com - While it’s too soon to say how the Trump administration’s bevy of new tariffs will impact various industries and the economy at large, a tariff on Canadian lumber import s imposed in late 2017 is certainly being felt by U.S. homebuilders. After a year of investigation, the U.S. imposed a tariff of 20.8% on imports of Canadian softwood lumber, a key ingredient in the construction of new homes. The tariff was meant to punish Canadian suppliers, who Read the full story
Canada just legalized marijuana. That has big implications for US drug policy.
Vox
It’s the second country in the world to legalize pot, following Uruguay. Read the full story
EMERGING MARKETS
Yahoo Mail aims at emerging markets and casual users, launches versions for mobile web and Android GoTechCrunch
The days for Yahoo Messenger are now numbered, but Yahoo and its parent Oath ... Read the full story
Pew: Social media still growing in emerging markets but stalled elsewhere
TechCrunch
Facebook founder Mark Zuckerberg's (so far) five-year project to expand ... Read the full story
Why Emerging-Market Funds Are Seeing Their Biggest Outflows In Years
Investor's Business Daily
Investors are yanking money from emerging-market exchange traded funds as rising interest rates in the U.S. weaken emerging-market assets. Read the full story
Emerging Markets Feel the Tariff Heat
Barron's
Stocks and currencies of developing nations have been under pressure due to rising trade tensions between the U.S. and China. Read the full story
Climate Infrastructure Across Emerging Markets
Emerging Market Views
As infrastructure development rises, pay attention to climate risk. Read the full story
MIDDLE EAST
Iran's Khameni advises parliament to pass own anti-money-laundering law
Business Insider
Business Insider
FILE PHOTO: FILE PHOTO: Iran's Supreme Leader Ayatollah Ali Khamenei speaks live on television after casting his ballot in the Iranian presidential election in Tehran Thomson Reuters BEIRUT (Reuters) - Iran's Supreme Leader advised members of parliament on Wednesday to pass their own legislation to combat money laundering, decreasing chances that laws based on requirements by the global Financial Action Task Force (FATF) will be passed. "Some of these treaties have useful parts, it's not a Read the full story
Iran rebuffs Trump's call for OPEC to increase oil output
ABC News
Iran rebuffed on Tuesday U.S. President Donald Trump's call on OPEC to increase production this week and limit global energy prices. Read the full story
Saudi struggles for Gulf oil producers' support ahead of OPEC meeting
Reuters
Saudi Arabia is struggling to convince fellow OPEC members including Gulf allies on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead of an OPEC meeting this week. Read the full story
U.S. withdraws from U.N. Human Rights Council over perceived bias against Israel
The Washington Post
U.N. Ambassador Nikki Haley had repeatedly urged changes to remove a disproportionate amount of criticism toward Israel and to boot human rights abusers. Read the full story
AFRICA
South Africa: Here Are Cities Facing Biggest Threat From Climate ChangeAllAfrica
Major South African centres are at risk from the effects of climate change, says an international report. Coastal cities Cape Town, Durban, Port Elizabeth, East London and Paarl are at risk of flooding by 2050, says the C40 Cities Future We Don't Want report. According to the organisation, which connects 96 global cities, rising sea levels could have a devastating impact on South Africa as the effects of climate change hits. C40 says that the 800 million people living in 570 coastal cities could Read the full story
Tanzania welcomes Moscow investors
FurtherAfrica
Tanzania has welcomed Russian investors to utilize and benefit from investment opportunities and incentives available in the country. Read the full story
Angola needs a law on atomic energy
FurtherAfrica
Angola is depending on the approval and ratification of a set of legal toolsto fully benefit the possibilities of using atomic energy for specific purposes, said on Monday in Luanda the Secretary of State for Energy, António Belsa da Costa. Read the full story
China funds construction of Industrial Wood Processing Park in Mozambique
FurtherAfrica
The government of China plans to finance the construction in Mozambique of an Industrial Wood Processing Park under a memorandum of understanding recently signed in Maputo by representatives of the two governments, according to Mozambican daily newspaper O PaÃs. Read the full story
Mozambique says Exxon, Eni exploration contracts about ready
FurtherAfrica
Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil Corp. and Eni SpA, are close to being finalized. Read the full story
Angola authorises import of light vehicles up to six years old
FurtherAfrica
The import of used passenger cars will be allowed in Angola for vehicles up to six years after the date of their first registration, their manufacture or use, according to a presidential order signed on Monday by João Lourenço. Read the full story
PPC’s Zimbabwe unit reports 34pct jump in FY revenue
Source
HARARE, June 20 (The Source) - South African cement producer PPC’s local unit reported a 34 percent jump in annual revenue to R1,813 billion ($132 million) boosted by volumes growth of 46 percent, the company has reported. This follows the commissioning of a $82 million plant in Harare in 2016 which doubled its capacity to... Read the full story
Coca-Cola, Schweppes bring back original Mazoe flavours
Source
HARARE, June 20 (The Source) – The Coca-Cola Company and Schweppes Zimbabwe on Wednesday said they are bringing back the original Mazoe cordials following customer complaints but will continue to produce the low sugar varieties to sell alongside them. Officials said despite the complaints, sales were up 35 percent in the year to date. “We... Read the full story
ASIA
North Korea Discards Souvenirs Attacking US After Summit With TrumpInternational Business Times
Western tour operators said North Korea has scrapped anti-American souvenirs once sold on the North Korean side of the Demilitarized Zone following Kim Jong Un’s summit with U.S. Read the full story
On North side of DMZ, it's change in the air
ABC News
On the North Korean side of the Demilitarized Zone, the sound of silence is a welcome sign of detente Read the full story
Donald Trump’s China tariffs threaten North Korea denuclearization push
The Washington Times
China expressed its strongest support so far Tuesday for the denuclearization deal between President Trump and North Korean leader Kim Jong-un, although concerns are mounting that Mr. Trump's aggressive tariffs on Chinese goods could lead Beijing to be less cooperative in the U.S.-led push to get Pyongyang to give up ... Read the full story
Oil traders ready for musical chairs as China tariffs loom
Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude. Read the full story
Australians Trust Xi Jinping More Than They Trust Trump
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Australians have less confidence in President Donald Trump than Chinese counterpart Xi Jinping, but remain convinced that the U.S. alliance is vital for the country’s security, according to a survey. About 30 percent of Australians have confidence Trump will “do the right thing in world affairs,” according to an annual Lowy Institute survey released Wednesday. The U.S. commander-in-chief comes seventh out the nine leaders ranked in the Read the full story
Beijing has tactics besides just tariffs to hurt the U.S. in a trade war
NBC News
"China is not a country of laws — it’s an authoritarian dictatorship… so from that opening point, China is potentially able to play much, much dirtier." Read the full story
China will become a dangerous competitor in science and technology if the US treats it like one
South China Morning Post
Chi Wang says if the US sees Chinese graduate students as a threat to its scientific and technological knowledge, and seeks to lock them out, Beijing will react by blocking opportunities for collaboration and ultimately leave the US behind Read the full story
EUROPE
Brexit is a sign of our 'failure', EU official Guy Verhofstadt admitsSky News
Brexit is a "failure" of the European Union and has "opened its eyes to reform", one of Brussels's top politicians has admitted. Read the full story
Commons set for Brexit vote showdown
BBC News US
MPs will vote on how much of a say Parliament should get if there is no Brexit deal. Read the full story
European Union's retaliatory tariffs against the United States set to begin this week
Axios
French President Emannuel Macron and German Chancellor Angela Merkel. The European Union will begin charging a 25% tariff on $3.2 billion dollars of U.S. products on Friday in response to President Trump's decision not to exempt Europe from sweeping tariffs on aluminum and steel, per Reuters. The backdrop: The EU's retaliatory tariffs, announced earlier this month, target politically-sensitive products here in the U.S., like bourbon from Senate Majority Leader Mitch McConnell's home state of Read the full story
EU to launch counter-tariffs against US on Friday
BBC News US
The move comes after President Donald Trump imposed steep duties on steel and aluminium in May. Read the full story
Merkel to Trump: Falling German crime stats 'speak for themselves'
Reuters
Chancellor Angela Merkel coolly rebuffed U.S. President Donald Trump's assertion that migrants were behind a surge in crime in Germany, pointing to statistics that showed crime was in fact down. Read the full story
EU's Barnier says progress in Brexit talks, but divergences remain on Ireland
Reuters
Talks between Britain and the European Commission on the country's EU exit have made progress in some issues but they still disagree on how to tackle the Irish border, the bloc's chief Brexit negotiator said on Tuesday. Read the full story
Ukraine anti-corruption court law needs amending: IMF chief
Reuters
The head of the International Monetary Fund welcomed on Tuesday the adoption by Ukraine's parliament of a law to create an anti-corruption court, but said lawmakers needed to amend it to guarantee the court's effectiveness. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Thursday 6/21/18 did update on the indicative rates Sell Rate 1190
The currency auction is 119,748,000
There is one news and announcements for Thursday 6/21/18
1.Caution from dealing with Kadmaya General Trading Co., Ltd.
To all licensed banks, financial transfer companies and brokerage companies to buy and sell currency.
June 21, 2018
To all licensed banks, financial transfer companies and brokerage companies to buy and sell currency.
June 21, 2018
The CBI for Wednesday 6/20/18 did update on the indicative rates Sell Rate 1190
Value Traded
314,303,563
Shares Traded
601,888,310
ISX ended in Red
Kauaihn Chatter:
http://www.dinarguru.com/
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL. 6-20-2018 Intel Guru Frank26 [via sunny] Deep in my heart, I really think we are here! Based on things I've been seeing, and what WS [Guru Walkingstick] said, they are on an accelerated pace to push this thing through...very shortly! They will be one to one in country when they reinstate their currency. They are about to take the first step in the RI. IOO...the CBI, the banks are on the cusp to do it NOW!
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL. 6-20-2018 Intel Guru Frank26 [via sunny] Deep in my heart, I really think we are here! Based on things I've been seeing, and what WS [Guru Walkingstick] said, they are on an accelerated pace to push this thing through...very shortly! They will be one to one in country when they reinstate their currency. They are about to take the first step in the RI. IOO...the CBI, the banks are on the cusp to do it NOW!
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-20-2018 Newshound Guru BobTheTaxMan The heart of what’s going on here is the CBI…No one has really thought about why that dirty float is in place. We call it a dirty float simply because it’s a controlled float. It doesn’t go with the markets. It’s being administered/managed in my opinion correctly. They have a goal to accomplish and the only way for them to do that is to keep the value of it down…They understand that the day will come when the change in that currency is going to occur. To accomplish that though, the CBI has to have a reservoir of a certain amount of money…[Post 1 of 2]
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-19-2018 Newshound Guru Kaperoni Some people have said the CBI has been closed since last weekend due to Eid al-Fitr. Now that Ramadan is over it will be interesting.
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haider al-Abbadi received the Vice President of the Republic Dr. Iyad Allawi.
During the meeting, they discussed the political situation and the initiative of Dr. Haider al-Abadi to meet high-level among the leaders of the political blocs and preparations for it through the preparatory committee to lay the foundations for any agreement for the program of the next state, in addition to protecting the democratic and political process and ensuring their proper functioning, and discuss ways to protect the electoral process from fraud and manipulation. And to preserve the achievements achieved and strengthen the construction and reconstruction and a better future for the Iraqis.
Prime Minister 's Media Office
20 June 201
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi
The Council of Ministers held its regular session on Wednesday 20 June 2018 under the chairmanship of the Prime Minister Dr. Haider Abadi.
The Council of Ministers instructed the Cabinet to review the amendment of the Council of Ministers' Resolution No. 335 of 2017 regarding the definition of airports allowed to enter imported gold, fees, inspection fees, import licenses and customs fees for submission to the Council of Ministers in future sessions.
The issue of transforming the Central Organization for Standardization and Quality Control from central to self-financing was examined.
The session witnessed the vote on the draft instructions to facilitate the implementation of the law of seizure and confiscation of movable and immovable property belonging to the pillars of the former regime No. 72 of 2017.
And voted on the instructions for the formation of the Committee to exempt the housing housing for those covered by the law of seizure and confiscation of movable and immovable property belonging to the pillars of the former regime No. 72 of 2017 and mechanisms of its work.
The position of water in the southern governorates was stated according to the Order No. 133 of 2017. The Council voted to approve the exclusion of water directorates of the provinces of the instructions to implement government contracts No. 2 of 2014 and instructions for the implementation of the federal budget for the fiscal year 2018 for the purpose of expediting the implementation of the lists for the prolongation of the station station nurses for the purpose of implementing those statements Secretariat of the directorates above.
The Cabinet also voted to grant allocations to the Rapid Intervention Team.
Prime Minister 's Media Office
20 June 2018
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ARTICLE 2
Abadi: We will continue our workers until the election results are resolved and we want to agree on the state administration program
BAGHDAD - June 20 -Prime Minister Haider al-Abadi said on Wednesday that the government will continue its work after the end of the life of parliament in the event of failure to resolve the file of the election results, while he stressed that the invitation to the political blocs to hold a national meeting after the holiday Eid al-Fitr , Comes to agree on a program of state administration in the next phase, denied the existence of any coordination with Ankara on its military operations in northern Iraq
Abadi said, during his weekly conference, the Green Zone, and his follower (Iraq Press /, "The government will continue to work even after the end of the life of parliament unless the Federal Court ratified the election results." The prime minister called on the Iraqi judiciary to "pursue the fraudulent legislative elections."
Abadi pointed out that "our call for political blocs to hold a meeting comes to agree on the program of state administration and not only the government during the coming period."
He added that "the invitation we sent to the political blocs a project to lay the foundations of a political agreement to build the state program."
He called on the Prime Minister, the political blocs to "respect the constitutional contexts on the resolution of the election file."
On another occasion, the prime minister again denied any coordination with Turkey on the matter
"There is no coordination between Baghdad and Ankara on the ongoing military operations on the border," Abadi said.
The general commander of the armed forces Haider Abadi, has confirmed on Tuesday (12 June), that the Turkish statements on the prosecution of the Labor Party inside Iraq, election propaganda for Turkish President Recep Tayyip Erdogan.
Turkey has recently stepped up its air strikes on the Qandil region, which includes military bases for the Workers Party, which has been engaged in an armed conflict with Ankara for nearly three decades.
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ARTICLE 3
Tweets posted on Government of Iraq twitter account (all posted on 6-20-2018 around 4 pm Eastern):
- TweetsTweets, current page.
- Tweets & replies
- Media
- PM @HaiderAlAbadi: We will continue to be guided by the constitution. Any electoral violation will be investigated as per our judicial process
- PM @HaiderAlAbadi: The national meeting will be held soon; all the political parties and blocs have informed us of their willingness to attend the meeting
- PM @HaiderAlAbadi: All parties should agree on a national document that sets out how we can best serve the Iraqi citizens and provide job opportunities. This document will focus on our vision for the future of the country rather than how we want to run the government
- PM @HaiderAlAbadi: I call on all political parties and blocs to hold a meeting to discuss the best ways to work together in the national interest. I invite all political parties and blocs to attend
- PM @HaiderAlAbadi: We are monitoring the security situation in the districts of Salah Al-deen and Diyala. Our security forces and intelligence services will continue to work together to dismantle terrorist cells inside and outside our borders
- PM @HaiderAlAbadi: I thank and congratulate all our security forces, which protected our citizens during Eid
- PM @HaiderAlAbadi holds his weekly press conference in Baghdad, briefs media on national security and post-election developments.
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ARTICLE 4-A
The text of the decision of the Federal Court to amend the election law
Editorial Date: 2018/6/21 11:21
[Ayna-Baghdad]
The Federal Supreme Court decided on Thursday, the constitutionality of the decision of the House of Representatives in the Third Amendment to the Law of the elections of the Council of Representatives No. 45 of 2013 amended, and responses to the appeals filed.
"The session of the House of Representatives to amend the election law is legal, as allowed by Article 60 and first of the Constitution and the internal order of the House of Representatives, which has exercised its authority in accordance with the Constitution," said Medhat al-Mahmoud, the president of the court.
He added that "the validity of the House of Representatives and members of the Council, which was decided by the Constitution remain until the end of its electoral session on June 31," noting that "the Federal Court to respond to appeals to amend the election law and considers it constitutional."
Al-Mahmoud explained that after studying the articles of this law in its final form and the proceedings of the session of the House of Representatives, which was initiated, the Federal Court decided to study the amendment of the election law and the facts of the session of parliament approved by.
He stressed that "the recount and the results of the elections manually conform to the Constitution to reassure the voters, and that the House of Representatives to conduct a regulatory to reassure the voter."
The President of the Federal Court said that "excluding the results of minorities [quotas] of the cancellation of the Constitution is contrary to the cancellation of the results of the elections abroad and the vote of the displaced represents a waste of votes and the Federal Court refuses to cancel the results of the outside and displaced and the Kurdistan region."
He added that "the Federal Court supports the assignment of judges to occupy the task of the Electoral Commission," pointing out "the unconstitutionality of Article 3 of the law to amend the elections and the abolition of the Federal Court decides not to prejudice the votes of voters that have received properly and have not received complaints.
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ARTICLE 4-B
The Federal Court supports the assignment of judges for count and manual counting and appeals are submitted to amend the election law
BAGHDAD - June 21 - The Federal Court on Thursday held a special session to hear the case against the third amendment to the electoral law, in which it announced its support for the assignment of judges to supervise the counting and manual counting.
"The cancellation of the elections and the special vote is a waste of voters' votes," she said, adding that it "responded to the appeals submitted to amend the election law, while considered a manual counting and counting is true." Ending AH
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ARTICLE 5
Generation after generation .. Humanity is becoming more stupid
A study by scientists from the Center for Economic Research, Ragnar Frisch, in Norway, found a decline in human intelligence in the past few decades. Norwegian researchers conducted a scientific study on the basis of intelligence tests conducted for Norwegian military applicants, and researchers obtained 730,000 test data from 1970 to 2009. The National Academy of Sciences in Norway published the results of the analysis and described the authors Brent Pratsberg and Ole Rogberg The results of the work and provided possible explanations for what was happening. As previous studies have shown, people became "smarter" in the first half of the last century, and the increase in IQ was called the influence of flin. The researchers explained the reasons for this label improved human living conditions and quality of nutrition, education and medicine. The study has shown that the intellectual capacity of people is declining rather than developing despite the general well-being of the Norwegian population. Scientists said the intelligence level dropped by 7 points in just one generation, due to the polluted environment and changes in human lifestyle and the entry of computer technologies to it. Researchers also point to the decline in IQ to unbalanced diets that humans have followed for one reason or another.
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