WOTS Tuesday 6/19/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,166.1000 | 1,166.1000 | 1,166.1000 | | 20:00 |
| USD/VND | | | 22,818.5000 | 22,468.0000 | 22,468.0000 | | 04:15 |
| USD/CNY | | | 6.4763 | 6.4294 | 6.4294 | | 06:20 |
| USD/KWD | | | 0.3022 | 0.3015 | 0.3022 | | 06:20 |
| GBP/USD | | | 1.3272 | 1.3167 | 1.3254 | | 06:20 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,264.6000 | 13,923.0000 | 13,923.0000 | | 06:14 |
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Rafidain: the disbursement of a new batch of predecessors of three million dinars for retirees
19/06/2018
{Baghdad: Al-Furat News} Rafidain Bank announced the disbursement of a new batch of military and civilian pensioners of three million dinars.
The bank's information office said in a statement received by the Euphrates News that "the seventeenth installment of the advance of civilian retirees of three million dinars was paid to 3421 retirees."
"The thirteenth batch of retired military veterans was paid for 2,144 retirees," the statement added.
He pointed out that "the disbursement of this advance was by informing the pensioner by sending him a text message notify him to grant the advance, after he completed all the legal procedures to grant it and disbursement through electronic payment tools.
"The thirteenth batch of retired military veterans was paid for 2,144 retirees," the statement added.
He pointed out that "the disbursement of this advance was by informing the pensioner by sending him a text message notify him to grant the advance, after he completed all the legal procedures to grant it and disbursement through electronic payment tools.
Iraqi Foreign Ministry announces its refusal to air operations targeting the forces in the areas of fighting "Dahesh"
19/06/2018
The Iraqi Foreign Ministry expressed its "rejection and condemnation of the air operations targeting the forces located in the areas of fighting against Saddam, whether in Iraq, Syria or any other place in the field against this enemy, which threatens humanity."
"While the Ministry affirms its call to all countries of the world to join hands in confronting these extremist groups, it believes that there is a need for constant and careful coordination between the international coalition and the forces confronting these terrorist organizations and their assistance and support," said Ahmed Mahjoub, spokesman for the Iraqi Foreign Ministry. And assigning them. "
The Iraqi Foreign Ministry added that "any targeting of the fighters of the various names and locations of their fighting is a support for Da'ash and help them to expand and try to regroup after being subjected to a major defeat by the Iraqi forces heroine, who fought the fierce confrontation on behalf of the world in all kinds and formations of the army and police and the crowd And the forces of counter-terrorism to support and support the international coalition and friendly and brotherly countries and all the good and courageous forces that faced this organization throughout the world and helped humanity to tighten the screws on it. " .
Kurdish security official warns of continued threat to Kirkuk
19/06/2018
Kirkuk district police chief Brigadier-General Sarhad Kadir, who was dismissed by the Popular Popular Militants after taking control of the city of Kirkuk, said that the organization is urging dormant cells in the city and whenever he wants to move it will be able to do so. Linking Kirkuk to the Iraqi capital Baghdad, he pointed out that the elements of the organization are active within the boundaries of the province of Hawija and carry out terrorist operations against the security forces.
Kurdish security official and displaced since the events of October 16, 2017 to the Kurdistan Region, told the (Basneoz), "In addition to his presence around Kirkuk, he also has his sleeping cells inside the city, but now focuses on his military operations and not on activating his cells.
The security situation deteriorated significantly in Kirkuk and the rest of the Kurdish areas outside the administration of the Kurdistan Region or called the <disputed> after the events of 16 October and the withdrawal of the Peshmerga from these areas following the referendum on the independence of the Kurdistan Region, to avoid clashes with the militias and other Iraqi security forces Which launched an unprovoked attack on the (disputed), while re-activating its activity significantly through bombings and attacks, despite the announcement of Iraqi Prime Minister Haider Abadi end of the organization and the «final victory» late last year.
Brigadier-General Sarhad Kadir, adding that the organization is a constant threat to Kirkuk and could damage the security of the city whenever he wanted to.
He pointed out that the city of Kirkuk a special situation, stressed that a certain entity can not alone ensure the security and protection of the city, "In the end it will not be possible to ensure the security of the city without the cooperation of all components, but the Peshmerga forces to intervene to protect the residents of the city in the event of any Emergency ".
The statement by the Kurdish security official after the registration of Kirkuk, about 15 incidents between the bombing and assassination and attack in the past few days.
The Peshmerga forces had spread in oil-rich Kirkuk and other disputed areas and were able to protect them from the surprise attack launched by the organization calling in 2014, and the escape of Iraqi forces.
A senior leader of the Peshmerga forces said earlier this week that the security situation in Kirkuk has deteriorated seriously after the "security failures" in the city, one of the most disputed areas.
"After the withdrawal of the Peshmerga forces from the province of Kirkuk, terrorist attacks have increased, while security failures have increased the risks to people's lives," said Kamal Karkuki, a member of the Kurdistan Democratic Party's political bureau and a Peshmerga leader in Kirkuk. "
The Foreign Ministry deplores any air strikes targeting the fighting forces of Iraq or Syria
19/06/2018
(Baghdad: Al Furat News) The Iraqi Foreign Ministry expressed its rejection and condemnation of the air operations targeting the forces located in the areas of fighting, whether in Iraq or Syria or anywhere else in the arena against this enemy, which threatens humanity. "While the ministry confirms its call to all countries of the world for solidarity and solidarity in the face of these extremist groups, it sees the need for constant and careful coordination between the international coalition and the forces facing these organizations," Foreign Ministry Spokesman Ahmad Mahjoub said in a statement received by the Al-Furat News Agency. Terrorist organizations and to assist, support and support them. "
He added that "any targeting of the fighters of the various names and locations of their fighting is to support Da'ash and help them to expand and try to regroup after being subjected to a major defeat by the Iraqi forces heroine, who fought the fierce confrontation on behalf of the world in all forms and formations of the army and police and popular mobilization and Peshmerga and troops The fight against terrorism with the backing and support of the international coalition and friendly and brotherly countries and all the good and courageous forces that faced this organization throughout the world and helped humanity to tighten the screws on it. "
"At 22 pm on Sunday, 17 June 2018, a US aircraft hit a fixed base of the popular crowd of the 45 and 46 brigades defending the border with Syria with two missiles, killing 22 fighters. And wounding 12. "
Syrian state media said aircraft belonging to the US-led coalition bombed a position of Syrian government forces near the Iraqi border, resulting in deaths and injuries.
"The Joint Operations Command denied that any popular forces or other Iraqi forces assigned to secure the Iraqi-Syrian border were hit by an air strike and that the strike took place inside Syrian territory."
"The opening of an investigation into the bodies responsible for causing the loss of Iraqi youth and overcome the sovereignty of Iraq and Syria by crossing the border outside the constitutional and legal contexts and the policy of good neighborliness."
"After contacting the deputy chairman of the popular crowd, Abu Mahdi al-Mohandes, he explained that he was not aware of the statement issued by the Popular Propaganda Organization and stressed that there were no forces from the popular crowd outside the Iraqi-Syrian border."
He added that "any targeting of the fighters of the various names and locations of their fighting is to support Da'ash and help them to expand and try to regroup after being subjected to a major defeat by the Iraqi forces heroine, who fought the fierce confrontation on behalf of the world in all forms and formations of the army and police and popular mobilization and Peshmerga and troops The fight against terrorism with the backing and support of the international coalition and friendly and brotherly countries and all the good and courageous forces that faced this organization throughout the world and helped humanity to tighten the screws on it. "
"At 22 pm on Sunday, 17 June 2018, a US aircraft hit a fixed base of the popular crowd of the 45 and 46 brigades defending the border with Syria with two missiles, killing 22 fighters. And wounding 12. "
Syrian state media said aircraft belonging to the US-led coalition bombed a position of Syrian government forces near the Iraqi border, resulting in deaths and injuries.
"The Joint Operations Command denied that any popular forces or other Iraqi forces assigned to secure the Iraqi-Syrian border were hit by an air strike and that the strike took place inside Syrian territory."
"The opening of an investigation into the bodies responsible for causing the loss of Iraqi youth and overcome the sovereignty of Iraq and Syria by crossing the border outside the constitutional and legal contexts and the policy of good neighborliness."
"After contacting the deputy chairman of the popular crowd, Abu Mahdi al-Mohandes, he explained that he was not aware of the statement issued by the Popular Propaganda Organization and stressed that there were no forces from the popular crowd outside the Iraqi-Syrian border."
Sistani establishes a division between Islam and Muslims
19/06/2018
Who knows not the story of the devil and the father of the prophets Adam (peace be upon him) and how he began to plan day and night to Adam (peace be upon him) when he was expelled from the mercy of the great mighty mighty and examined the fruits of his great sin when Adam and his wife from Paradise and did not rest So he repeated his crime with my son Adam Fossus brother killed his brother then learned that the fire of sectarianism and division among the members of society from the poorest and the dirtiest and the most dangerous means of sectarian strife and today we see the effects of those deviant satanic misguided misfortune when the wars and sectarian fighting between the sons of one religion, Among the sons of one country, and this is what actually happened in Iraq when it was established Sistani not to be exposed to people when he said (leave people do what you want) the days of the bombing of the military imams (peace be upon them) in Samarra and leave them do what they see fit to avenge our brothers and cousins Sunnis in the cities and villages of northern Iraq on the one hand and Sistani The vision of Hilal Eid al-Fitr is used as a means to establish the sect in Islam and Muslims. All religious references in Najaf and many Muslim countries in addition to the social media, direct transport and live photography of the Crescent of the month of Shawwal on Friday 15/6/2018 Not insignificant of the Iraqis in the cities of the E and Samawa and Ain al- Tamur hand in Karbala but Sistani ignored this huge number of voices jostling to see Crescent time is not quite some true Will lie these voices and believe Sistani , who take it on Saturday is the first day of Eid al - Fitr in line with the wishes of his masters in Tel Aviv? They say that Sistani is an astronomer and observant in astronomy knowing that this science is a branch of mathematics and has no income in the process of initiation and then that the world know his knowledge and scientific effects and books that give the scientific impression of him and distinguish him from ignorant If we visited Sistani website There is no evidence that it is an astronomical world is not a source of his authorship of this science and this reveals his astronomical scientific space and also prove to the whole world that he is not a world, but ignorant ignorant and the owner of false calls and suspicions straying deviant Vlolh did not find chopsticks in Iraq, Spread sectarianism and sow the seeds of sectarian fighting between sons One of the society and this is not surprising to Sistani does people have forgotten and three years ago when the agents came out Sistani in Karbala and Najaf and demanded that people should be fasting the day of Eid al - Fitr under the pretext of lack of evidence sighting of the moon? And today plays again on this sectarian tension and the founder of the sect and sectarian strife, despite his knowledge that Islam forbade fasting on the first day of Eid al-Fitr because the fasting person will be stuck with the cursed nation that violated the orders of the Lord Almighty, Shame and painful torment in the Hereafter. d
d
Kauaihn Iraq Articles:ddWe Must Have Our Own Currency To Solve Cash Crisis: Minister Mukupe
https://news.pindula.co.zw/
Zimbabwe Sun Jun 17 2018
Deputy Minister of Finance and Economic Planning Terrence Mukupe has said that it is imperative for Zimbabwe to reintroduce its own local currency in order to solve the prevailing cash crisis. According to Mukupe, the currency will be backed by commodities.
Technically if we were to introduce our currency right now you would probably let it float between a $1,50 and $2 to US dollar, that’s where it should settle at. That would be the solution to our current problems. We have to adopt a national currency without a doubt and there has to be a cap on the maximum release of how much of the new currency you are going to put out. The numbers that are there right now are indicating probably that the maximum release is not more than a billion dollars.
For me releasing US dollars is a temporary measure but if you release that as your national currency that would work. Then it becomes an issue of what are you are backing the currency with. What is it that we have right now that we can use to back our currency? What’s probably feasible and what’s probably sustainable is you could back it using you forex facilities, your diamond stocks because our forex facilities have been gold backed for the last part and there isn’t much capacity there but our diamond stocks are run and covered for the most part.
Mukupe has previously said that the Zimbabwe dollar will be reintroduced before President Emmerson Mnangagwa completes his first five-year term. Said Mukupe before,
Zimbabwe will have its own currency after putting the necessary fundamentals to deal with our own currency first, which will be there before the end of President Mnangagwa first five-year term as we would have managed to create the right and sustainable import cover.http://alforatnews.com/
http://alforatnews.com/
19/06/2018
The UN is excluding Iraq from alarming statistics for displaced people in the world
(International: Al Furat News) The United Nations announced on Tuesday, the statistics of the number of refugees and displaced people as a result of conflicts in the world does not include Iraq. The increase, recorded last year (3.1 million people), is well above that in 2016 (300,000 people), which has doubled the number of refugees, according to an annual UNHCR report.
"We are at a critical moment where a favorable response to forced displacement around the world requires a new and more comprehensive approach so that countries and societies alone will not face such situations," said UNHCR Commissioner Filippo Grande.
"Refugees who have fled their country to escape conflict and repression constitute 24.5 million people out of 68.5 million displaced, up 2.9 million from 2016 and also the largest one-year increase recorded by UNHCR," he said.
At the same time, the number of asylum-seekers who are still waiting for refugee status in late 2017 has increased by 300,000 to 3.1 million, while the number of IDPs is 40 million, slightly down from 40.3 million registered in 2016.
In terms of refugees, about one fifth of them are Palestinians, while the rest, mostly from just five countries, are Syria, Afghanistan, southern Sudan, Burma and Somalia.
The United Nations has revealed earlier that more than 920,000 people were displaced in Syria in the first four months of 2018, a record since the conflict began seven years ago.
Iran: Iraq supports our rejection of the proposal to increase OPEC production
http://alforatnews.com/
19/06/2018
"Iran, supported by Iraq and Venezuela, will reject any proposal by Saudi Arabia and Russia to increase production," Iran's representative to the executive body of the Organization of the Petroleum Exporting Countries (OPEC) said. "Three members of OPEC's founding members will stand up to this proposal," Hussein Kazempour Ardebili said in an interview with Bloomberg News.
"The adoption of the proposal will require the approval of the OPEC, and if Saudi Arabia and Russia want to increase production on their own, the agreement between OPEC countries will collapse."
"They want to increase OPEC oil and its allies from 500,000 to 1.5 million barrels a day from July 1," he said.
According to Bloomberg News, the warning came after Russian Energy Minister Alexander Novak said that Moscow and Riyadh agreed to cooperate in the oil market. This bilateral partnership enables them to intervene in the oil market as they see fit. Now Saudi Arabia and Russia can increase their oil production because both countries produce less. Of their energy. "
OPEC is scheduled to meet next Friday in Vienna to study the Saudi and Russian proposal to raise oil production in response to US demand to increase oil production in order to compensate Iran and Venezuela for oil exports because of its sanctions,
OPEC agreed at its official meeting on November 30, 2016 in Vienna, for the first time since 2008 to reduce production by helping to raise prices by reducing the surplus of oil supplies in the markets.
Russia and nine other producers, including Iraq, have also joined OPEC's agreement to cut production by late 2016.
Under the agreement, the signatories pledged to cut production by 1.8 million barrels a day, or about 2% of the world's total oil production. This agreement is valid until the end of 2018.
Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela are members of OPEC.
d
https://news.pindula.co.zw/
Zimbabwe Sun Jun 17 2018
Deputy Minister of Finance and Economic Planning Terrence Mukupe has said that it is imperative for Zimbabwe to reintroduce its own local currency in order to solve the prevailing cash crisis. According to Mukupe, the currency will be backed by commodities.
Technically if we were to introduce our currency right now you would probably let it float between a $1,50 and $2 to US dollar, that’s where it should settle at. That would be the solution to our current problems. We have to adopt a national currency without a doubt and there has to be a cap on the maximum release of how much of the new currency you are going to put out. The numbers that are there right now are indicating probably that the maximum release is not more than a billion dollars.
For me releasing US dollars is a temporary measure but if you release that as your national currency that would work. Then it becomes an issue of what are you are backing the currency with. What is it that we have right now that we can use to back our currency? What’s probably feasible and what’s probably sustainable is you could back it using you forex facilities, your diamond stocks because our forex facilities have been gold backed for the last part and there isn’t much capacity there but our diamond stocks are run and covered for the most part.
Mukupe has previously said that the Zimbabwe dollar will be reintroduced before President Emmerson Mnangagwa completes his first five-year term. Said Mukupe before,
Zimbabwe will have its own currency after putting the necessary fundamentals to deal with our own currency first, which will be there before the end of President Mnangagwa first five-year term as we would have managed to create the right and sustainable import cover.http://alforatnews.com/
The UN is excluding Iraq from alarming statistics for displaced people in the world
19/06/2018
The UN is excluding Iraq from alarming statistics for displaced people in the world
(International: Al Furat News) The United Nations announced on Tuesday, the statistics of the number of refugees and displaced people as a result of conflicts in the world does not include Iraq. The increase, recorded last year (3.1 million people), is well above that in 2016 (300,000 people), which has doubled the number of refugees, according to an annual UNHCR report.
"We are at a critical moment where a favorable response to forced displacement around the world requires a new and more comprehensive approach so that countries and societies alone will not face such situations," said UNHCR Commissioner Filippo Grande.
"Refugees who have fled their country to escape conflict and repression constitute 24.5 million people out of 68.5 million displaced, up 2.9 million from 2016 and also the largest one-year increase recorded by UNHCR," he said.
At the same time, the number of asylum-seekers who are still waiting for refugee status in late 2017 has increased by 300,000 to 3.1 million, while the number of IDPs is 40 million, slightly down from 40.3 million registered in 2016.
In terms of refugees, about one fifth of them are Palestinians, while the rest, mostly from just five countries, are Syria, Afghanistan, southern Sudan, Burma and Somalia.
The United Nations has revealed earlier that more than 920,000 people were displaced in Syria in the first four months of 2018, a record since the conflict began seven years ago.
Iran: Iraq supports our rejection of the proposal to increase OPEC production
http://alforatnews.com/
19/06/2018
"Iran, supported by Iraq and Venezuela, will reject any proposal by Saudi Arabia and Russia to increase production," Iran's representative to the executive body of the Organization of the Petroleum Exporting Countries (OPEC) said. "Three members of OPEC's founding members will stand up to this proposal," Hussein Kazempour Ardebili said in an interview with Bloomberg News.
"The adoption of the proposal will require the approval of the OPEC, and if Saudi Arabia and Russia want to increase production on their own, the agreement between OPEC countries will collapse."
"They want to increase OPEC oil and its allies from 500,000 to 1.5 million barrels a day from July 1," he said.
According to Bloomberg News, the warning came after Russian Energy Minister Alexander Novak said that Moscow and Riyadh agreed to cooperate in the oil market. This bilateral partnership enables them to intervene in the oil market as they see fit. Now Saudi Arabia and Russia can increase their oil production because both countries produce less. Of their energy. "
OPEC is scheduled to meet next Friday in Vienna to study the Saudi and Russian proposal to raise oil production in response to US demand to increase oil production in order to compensate Iran and Venezuela for oil exports because of its sanctions,
OPEC agreed at its official meeting on November 30, 2016 in Vienna, for the first time since 2008 to reduce production by helping to raise prices by reducing the surplus of oil supplies in the markets.
Russia and nine other producers, including Iraq, have also joined OPEC's agreement to cut production by late 2016.
Under the agreement, the signatories pledged to cut production by 1.8 million barrels a day, or about 2% of the world's total oil production. This agreement is valid until the end of 2018.
Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela are members of OPEC.
Baghdad/ Iraq TradeLink: The repercussions of the Iraqi elections and the emergence of the Sadrist
leader, Muqtada al-Sadr, as the main winner, and his alliance with al-Fat-h leader, Hadi al-Ameri, surprised the political and popular circles inside the country, as well as the observers abroad.
On 12 June, 2018, al-Sadr announced the new alliance with al-Fat-h bloc.
According to the announced results, the Sadrist Sa’iroun alliance got 54 seats and al-Fat-h alliance had 47 seats, out of the total seats of the parliament that reached to 329.
Despite the differences between the two leader, al-Sadr was described as “ a national personality that will work to develop Iraqi relations with the Arabs, particularly the Arab Gulf states, headed by Saudi Arabia, which satisfied the US interests in the region.
On the other side, al-Ameri had an alliance of many blocs including the Popular Mobilization Forces, with clear support from Iran, the regional opponent of Saudi Arabia.
Political observers believe that this new alliance denotes the supremacy of Iran against the United States.
The sources added that the efforts of the Commander of al-Quds Legion Qassim Sulaimani and the Iranian efforts overcame the US will in Iraq, though the son of the Iranian leader, Mujtaba Khamanae, was reported as having a share in the Shiite joint meetings in Baghdad.
Iran is trying to unify the its pro-Shiite elements, but stuck between al-Sadr and ex-premier Nouri al-Maliki.
Some Shiite sources believe that it is necessary that the Dawa party should not have the post of premiership again, which controlled this position for three terms, taking into consideration that Dawa party had only 15 seats in the results of the Iraqi parliamentary elections in May last.
The Sadrist Trend led the demonstrations against corruption in Iraq for the past two years and raised the slogan against sectarianism.d
3 OPEC Members to Veto Saudi-Proposed Supply Boost
https://financialtribune.com/
Tuesday, June 19, 2018
I ran says Venezuela and Iraq will join it in blocking a proposal to increase oil production, which is backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour-Ardebili said in comments to Bloomberg on Sunday.If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity. If the two want to act alone, that’s a breach of the cooperation agreement.”
Iran’s comments show that OPEC members are set to clash when they meet on June 22-23 in Vienna, Austria, to discuss the proposal to end global output cuts.The historic 24-nation pact has succeeded in its goals of balancing oil markets and lifting crude prices, and the two biggest producers want a relaxation of quotas as soon as next month. But while Saudi Arabia and Russia are pumping below capacity, many countries in OPEC, including Iran and Venezuela, would struggle to raise output even if their quotas were increased.
OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day, Russian Energy Minister Alexander Novak said on Thursday. That would be enough to offset the supply losses from Venezuela and Iran foreseen by the International Energy Agency.Saudi Arabia has been discussing different scenarios that would raise production by between 500,000 and 1 million barrels a day, according to people familiar with the matter.
The alliance is also facing pressure from outside. US President Donald Trump has continued to criticize the Organization of Petroleum Exporting Countries on his Twitter account. Worried about the impact of gasoline prices on mid-term elections, the Trump administration is lobbying hard for a surge in production.We call upon our brothers in OPEC and Russia that we do not need to appease Trump, who sanctions two OPEC founders and also Russia,” Kazempour-Ardebili said. “We are sovereign nations driven by our own responsibilities and values. The whole world has to stand against these arrogant attitudes—and will.”
US sanctions are expected to make Iran and Venezuela potentially losing almost 30% of their oil output next year, requiring extra supplies from the group’s Persian Gulf members, the International Energy Agency said last week.No changes took place in market fundamentals, although” the US Energy Information Administration and IEA “rushed to say differently”, Kazempour-Ardebili said.
The market is well-supplied, and OPEC should abide by its decision up to the end of the year. I am confident many other OPEC members feel and act the same,” he said.d
Tuesday, June 19, 2018
I ran says Venezuela and Iraq will join it in blocking a proposal to increase oil production, which is backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour-Ardebili said in comments to Bloomberg on Sunday.If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity. If the two want to act alone, that’s a breach of the cooperation agreement.”
Iran’s comments show that OPEC members are set to clash when they meet on June 22-23 in Vienna, Austria, to discuss the proposal to end global output cuts.The historic 24-nation pact has succeeded in its goals of balancing oil markets and lifting crude prices, and the two biggest producers want a relaxation of quotas as soon as next month. But while Saudi Arabia and Russia are pumping below capacity, many countries in OPEC, including Iran and Venezuela, would struggle to raise output even if their quotas were increased.
OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day, Russian Energy Minister Alexander Novak said on Thursday. That would be enough to offset the supply losses from Venezuela and Iran foreseen by the International Energy Agency.Saudi Arabia has been discussing different scenarios that would raise production by between 500,000 and 1 million barrels a day, according to people familiar with the matter.
The alliance is also facing pressure from outside. US President Donald Trump has continued to criticize the Organization of Petroleum Exporting Countries on his Twitter account. Worried about the impact of gasoline prices on mid-term elections, the Trump administration is lobbying hard for a surge in production.We call upon our brothers in OPEC and Russia that we do not need to appease Trump, who sanctions two OPEC founders and also Russia,” Kazempour-Ardebili said. “We are sovereign nations driven by our own responsibilities and values. The whole world has to stand against these arrogant attitudes—and will.”
US sanctions are expected to make Iran and Venezuela potentially losing almost 30% of their oil output next year, requiring extra supplies from the group’s Persian Gulf members, the International Energy Agency said last week.No changes took place in market fundamentals, although” the US Energy Information Administration and IEA “rushed to say differently”, Kazempour-Ardebili said.
The market is well-supplied, and OPEC should abide by its decision up to the end of the year. I am confident many other OPEC members feel and act the same,” he said.d
US walks fine line with Kurdish allies by joining Turkish forces on patrol in Syria
Tuesday, June 19, 2018
US and Turkish military patrols have begun operating in the highly strategic northern Syrian enclave of Manbij, heading off a feared clash between the two NATO allies but potentially leaving the Pentagon 's Kurdish allies in the region shortchanged once again.
Turkish military officials announced the joint military operations on social media Monday, part of a deal stuck between Secretary of State Mike Pompeo and Turkish Foreign Minister Mevlut Cavusoglu to cool tensions over Turkish fears of rising Kurdish influence on its border.Turkey has long deal with a violent Kurdish separatist movement within the country.
US military officials did not comment, but Defense Secretary James Mattis told reporters last week that joint US-Turkish patrols were slated to begin in the city within days.
The northern Syrian city is ground zero for US military operations against Islamic State in the country, but Turkey threatened to attack it to head off growing Kurdish influence across northern Syria , where the government of President Bashar Assad has no influence. The Pentagon has allied with Kurdish-Arab militias in the region in the fight against Islamic State.
US forces continue to train and equip Kurdish militia fighters in Manbij as the offensive against Islamic State continues. Turkey has labeled the groups as an offshoot of terrorist organizations.
Gov’t Limits Forex Supply to Importers
https://financialtribune.com/
Tuesday, June 19, 2018
The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying. In response to the sudden hike in foreign exchange rates in early April, which saw the rial trading at 62,000 to the dollar, the government decided to enforce a single exchange rate of 42,000 rials and ban any trading beyond that rate. The Central Bank of Iran included importers among groups eligible to receive foreign currency at the government rate. However, the government is facing a challenge handling the huge demand of $20 billion worth of import orders, prompting it to halt the allocation of foreign currency to many import commodities, the unnamed banking source said.”Bank branches are accepting limited applications for the 42,000-rial dollar and have significantly wound down the process. The government move is considered positive, although it has given rise to ifs and buts, and might fuel rent-seeking,” the official said.
Tuesday, June 19, 2018
The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying. In response to the sudden hike in foreign exchange rates in early April, which saw the rial trading at 62,000 to the dollar, the government decided to enforce a single exchange rate of 42,000 rials and ban any trading beyond that rate. The Central Bank of Iran included importers among groups eligible to receive foreign currency at the government rate. However, the government is facing a challenge handling the huge demand of $20 billion worth of import orders, prompting it to halt the allocation of foreign currency to many import commodities, the unnamed banking source said.”Bank branches are accepting limited applications for the 42,000-rial dollar and have significantly wound down the process. The government move is considered positive, although it has given rise to ifs and buts, and might fuel rent-seeking,” the official said.
Check Payments Top $18 Billion in 1 Month
https://financialtribune.com/
Tuesday, June 19, 2018
More than 9.9 million checks worth about 794 trillion rials ($18.78 billion) were exchanged in Iran during the second month of the current fiscal year (ended May 21), which indicated a respective increase of 47.7% and 70.3% in terms of numbers and value when compared with the previous month. According to IBENA, a news outlet affiliated with the Central Bank of Iran, about 3.7 million checks worth over 456 trillion rials ($10.78 billion) were issued in Tehran during the period.
During the second month of the current year, about 53.9% of the total checks changed hands in the three major provinces of Tehran, Isfahan and Khorasan Razavi which collectively grabbed a majority share of total checks with a respective individual share of 36.9%, 9.4% and 7.6%.
In terms of the value of checks, Tehran once again had a predominant share of 68.1% while the two aforesaid provinces ranked second and third with a respective share of 5.5% and 5.1%.
Tuesday, June 19, 2018
More than 9.9 million checks worth about 794 trillion rials ($18.78 billion) were exchanged in Iran during the second month of the current fiscal year (ended May 21), which indicated a respective increase of 47.7% and 70.3% in terms of numbers and value when compared with the previous month. According to IBENA, a news outlet affiliated with the Central Bank of Iran, about 3.7 million checks worth over 456 trillion rials ($10.78 billion) were issued in Tehran during the period.
During the second month of the current year, about 53.9% of the total checks changed hands in the three major provinces of Tehran, Isfahan and Khorasan Razavi which collectively grabbed a majority share of total checks with a respective individual share of 36.9%, 9.4% and 7.6%.
In terms of the value of checks, Tehran once again had a predominant share of 68.1% while the two aforesaid provinces ranked second and third with a respective share of 5.5% and 5.1%.
Immigration Fight Hands Merkel Her Worst Crisis
https://financialtribune.com/
Tuesday, June 19, 2018
Chancellor Angela Merkel is at a defining point in her fourth term as German leader amid opposition from her political allies over migration.
Her sister party, the Christian Social Union (CSU) from the Bavarian region, is against Merkel’s stance on migration. The allied party wants German police to prevent refugees, who are already registered as asylum seekers in other European countries, to enter Germany. However, Merkel blocked the proposal last week, starting a spat with her interior minister and chairman of the CSU, Horst Seehofer, CNBC reported.
The clash has escalated into a power struggle between Merkel’s party (CDU) and the CSU, which have long been key allies. Together, both parties call themselves The Union and agreed that the CSU operates in Bavaria, while the CDU operates in all the other states. The CSU is traditionally slightly more conservative than Merkel’s CDU.
“This is definitely the worst crisis she has faced in her 13 years as German chancellor,” Holger Schmieding, chief economist at Berenberg Bank, told CNBC’s Annette Weisbach Monday.
However, he added that Merkel is likely to stay on as chancellor “because probably even her opponents from the CSU will not dare to bring down the government ... That would hurt the CSU as well and not just Merkel.”
Merkel is due to meet the Italian Prime Minister Giuseppe Conte Monday laying out the foundations for a European-wide agreement over migration later this month. The item will be part of the agenda of a European summit on June 28.
Achilles’ Heel
According to Schmieding, the CSU is likely to wait 10 days to see what Merkel manages to get from Brussels.
The topic of migration has been an Achilles’ heel for Merkel. In contrast to many leaders, the German chancellor claimed an “open-door” policy to refugees from war-torn nations in 2015. But rising concerns over widespread terrorist attacks in Europe and discontent over economic conditions have fueled nationalist movements across the European Union, including Germany.
“As Merkel pulled CDU toward the middle in recent years, not least via her stance on refugees, her Bavarian partners from CSU became increasingly nervous, not least as AfD (a far-right German party) began to gain traction in parts of the population,” Erik Nielsen, group chief economist at UniCredit said in a note Sunday night.
The sentiment among German voters was clear at the last election in September 2017. The AfD got 13% of the votes, making it the third-largest political force, which allowed it to get a presence in the German parliament—the first time in nearly six decades that a nationalist party entered the Bundestag.
The rise of the AfD is a particular concern for the CSU as they fear losing their absolute majority in the Bavarian election next October, Nielsen also said.
Tuesday, June 19, 2018
Chancellor Angela Merkel is at a defining point in her fourth term as German leader amid opposition from her political allies over migration.
Her sister party, the Christian Social Union (CSU) from the Bavarian region, is against Merkel’s stance on migration. The allied party wants German police to prevent refugees, who are already registered as asylum seekers in other European countries, to enter Germany. However, Merkel blocked the proposal last week, starting a spat with her interior minister and chairman of the CSU, Horst Seehofer, CNBC reported.
The clash has escalated into a power struggle between Merkel’s party (CDU) and the CSU, which have long been key allies. Together, both parties call themselves The Union and agreed that the CSU operates in Bavaria, while the CDU operates in all the other states. The CSU is traditionally slightly more conservative than Merkel’s CDU.
“This is definitely the worst crisis she has faced in her 13 years as German chancellor,” Holger Schmieding, chief economist at Berenberg Bank, told CNBC’s Annette Weisbach Monday.
However, he added that Merkel is likely to stay on as chancellor “because probably even her opponents from the CSU will not dare to bring down the government ... That would hurt the CSU as well and not just Merkel.”
Merkel is due to meet the Italian Prime Minister Giuseppe Conte Monday laying out the foundations for a European-wide agreement over migration later this month. The item will be part of the agenda of a European summit on June 28.
Achilles’ Heel
According to Schmieding, the CSU is likely to wait 10 days to see what Merkel manages to get from Brussels.
The topic of migration has been an Achilles’ heel for Merkel. In contrast to many leaders, the German chancellor claimed an “open-door” policy to refugees from war-torn nations in 2015. But rising concerns over widespread terrorist attacks in Europe and discontent over economic conditions have fueled nationalist movements across the European Union, including Germany.
“As Merkel pulled CDU toward the middle in recent years, not least via her stance on refugees, her Bavarian partners from CSU became increasingly nervous, not least as AfD (a far-right German party) began to gain traction in parts of the population,” Erik Nielsen, group chief economist at UniCredit said in a note Sunday night.
The sentiment among German voters was clear at the last election in September 2017. The AfD got 13% of the votes, making it the third-largest political force, which allowed it to get a presence in the German parliament—the first time in nearly six decades that a nationalist party entered the Bundestag.
The rise of the AfD is a particular concern for the CSU as they fear losing their absolute majority in the Bavarian election next October, Nielsen also said.
Kauaihn Economic Times:
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Lack of trust will limit cryptocurrency adoption, says BIS
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For the first time, scientists use the gene-editing tool CRISPR to determine if a heart condition-related genetic variant in a patient poses real risk or not. Read the full story
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Secret VA nursing home ratings hide poor quality care from the public
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BMW Says New Plant in Mexico Will Build the 3 Series in 2019
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Oil Slumps Near $64 Before OPEC Clash
Bloomberg
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d
GLOBAL/NEWS/INFO
Blockchain explained: Do you understand the technology that underpins bitcoin?Reuters
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OIL/COMMODITIES/ENERGY
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Investing.com
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BANKS/BANKING/CREDIT
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there's another payments app on the rise. Zelle is a year-old service that lets you digitally transfer money to someone else, no cash, checks, or wire transfers required. It sounds a lot like Venmo, but there's one key difference: Zelle was created by the seven largest banks in the US. Last summer, JPMorgan, Bank of America, Wells Fargo, US Bancorp, Capital One, BB&T, and PNC joined together to launch Zelle. Both Venmo and Zelle let you send money to friends instantly. The difference with Zelle Read the full story
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TREASURIES/BONDS/STOCKS
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Economic Calendar: Top Things To Watch
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Global Stocks Retreat as U.S.-China Trade War Intensifies
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CRYPTO'S / DIGITAL CURRENCY
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Cryptocurrencies Could 'Bring the Internet to a Halt', Central Bank Agency Warns
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CURRENCIES
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Investing.com
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INSURANCE / HEALTH
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Diabetes after 50 could be early sign of pancreatic cancer, study says
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The Bugs Are Winning
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The Quest to Decode the Brain
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USA TODAY
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USA/CANADA
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Kremlin: Trump, Putin meeting possible
CNN Politics
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Iraqi Shi'ite paramilitaries say U.S. strike kills 22 of their fighters
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US Crude Oil Price Plummets As China Tariffs Threaten Domestic Shale IndustryInternational Business Times
The war of words over trade between the United States and China finally turned into an actual trade war Friday, after the administration of President Donald Trump announced a list of goods whose import from China, worth $50 billion in 2017, would be subject to an additional tariff of 25 percent. Among the retaliatory measures announced by the Asian country was the proposed imposition of tariffs on imports of petroleum products from the U.S., a move that sent domestic crude oil prices crashing. Read the full story
EMERGING MARKETS
BMW Says New Plant in Mexico Will Build the 3 Series in 2019
Automobile
BMW broke ground on its newest production facility in San Luis Potosí, Mexico where it will build the BMW 3 Series sedan beginning in 2019, the German automaker announced. The new plant is expected to showcase all of BMW’s latest manufacturing techniques. “All of the BMW Group’s knowledge and capabilities will be on show at Read the full story
Trade war with U.S. could lead to recession in Canada, Mexico, Scotiabank predicts
CBC NewsA Scotiabank report says if the United States breaks all trade ties with its partners — and imposes across-the-board tariffs that average 20 per cent — then Canada and Mexico would see their economies contract in 2020. Read the full story
Select few emerging Asian economies comfortable with Fed hikes
ReutersHigher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken. Read the full story
For Emerging Markets, BNP Paribas Thinks The 'Worst Is Over'
Forbes MagazineHere's why the French investment firm thinks the 'worst is over' for sold-off markets outside of the United States. Read the full story
Mexico sent in the army to fight the drug war. Many question the toll on society and the army itself
Los Angeles TimesThe handwritten letter addressed to the Mexican president and lawmakers came from a military prison outside the capital. Read the full story
MIDDLE EAST
Oil Slumps Near $64 Before OPEC Clash
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Saudi Oil Chief Faces Toughest Test at OPEC Meeting This Week Brent crude erased earlier losses as OPEC was said to discuss a smaller-than-expected increase in production. Futures rose as much as 1.2 percent in London after earlier dropping 1.4 percent. OPEC members are considering a compromise agreement that would see an oil-output hike of 300,000 to 600,000 barrels a day over the next few months, according to people briefed on the talks Read the full story
Iran's president to visit Switzerland, Austria amid nuclear deal row
ReutersIranian President Hassan Rouhani will visit neutral European neighbors Switzerland and Austria next month, the Swiss and Austrian governments said, on a trip overshadowed by the looming imposition of U.S. economic sanctions on Tehran. Read the full story
In new report, UN Secretary General Antonio Guterres warns of new Gaza-Israel war
AxiosA new report by UN Secretary-General Antonio Guterres set to be published later this week sounds the alarm about the harsh humanitarian crisis in Gaza and warns of a new war between Israel and Hamas. The big picture: The report was a byproduct of UN Security Council Resolution 2334 on the Israeli settlements which passed on December 2016 after the Obama administration decided not to veto it. Together with the Israeli government, the Trump transition team and the then-president-elect tried to Read the full story
Israel strikes launchers of burning kites from Gaza Strip
ABC NewsThe Israeli military says its aircraft have struck a vehicle belonging to someone who sends burning kites into Israel from Gaza Read the full story
Israel responds to explosive kites with Gaza strikes
CNNThe strikes followed the launch of numerous kites from Gaza that were either carrying explosives or intended to start fires in southern Israel. Read the full story
Israeli bill seeks to ban photographing soldiers
ABC NewsAn Israeli ministerial committee has proposed legislation that seeks to outlaw photographing Israeli soldiers "for the sake of shaming them," drawing accusations from rights groups that the government is trying to censor legitimate criticism Read the full story
Russia to Have No Problems Against Egypt If 'Play at Our Level' - Russian Deputy PM
Inside SportNOVOGORSK, June 17 (Sputnik) - Russian Deputy Prime Minister and Russian Football Union executive committee member Vitaly Mutko said on Sunday that the national team should not have any difficulties with Egypt in the upcoming Group A if the team plays at its level. Read the full story
Who stands to benefit from the UAE's visa and investment rules?
CNNThe UAE opens up to foreigners in a move to attract top talent and investors. Read the full story
AFRICA
Zimbabwe: Economy Takes Centre Stage Ahead of PollsAllAfrica
The message from Zimbabwe's political protagonists in the ongoing election campaign has one common denominator: the economy. From spaghetti roads to $16 billion foreign direct investment (FDI) in eight months, the economy has been at the top of the agenda, thanks to years of economic mismanagement by Zanu PF since 1980. Zimbabwe is going through the worst economic patch since the advent of the multicurrency regime in 2009 with company closures, cash shortages and the forex crunch headlining some Read the full story
THE government could be losing millions of dollars in revenue via its north-eastern port of entry at Forbes Border Post due to under-declaration and false classification of goods by importers to evade paying the correct taxes as corruption takes its toll, border officials, clearing agents and others have said With companies struggling to remain afloat due to the economic problems, government now relies on tax heads such as excise duty and value-added tax (VAT) to meet its revenue targets. Read the full story
Two agreements related to protecting, encouraging investment and avoiding double income taxation, as well as MoU on the marketing and supply of energy. Read the full story
SARS has issued a media release for South African resident travellers returning to South Africa with personal effects such as laptops, iPads, cell phones, golf clubs, cameras and/or other personal valuables. Sars is attempting to clarify what they quaintly refer to as "confusion in the media" in regard to the SA resident who recently had to pay R1 500 at customs for his laptop, when he couldn't produce proof of purchase. In doing so, Sars has merely added to the confusion. Sars advises that no Read the full story
Last May the new Angolan Law on Competition (Law no. 5/18, of 10 May) was published. This new Competition Law aims to meet the need for laying down rules and principles regarding the competition of the economic activities carried out on a permanent or occasional basis in Angola, both for public and private companies, as well as for groups of companies, cooperatives and business associations. Read the full story
MTN Ghana Limited has partnered One Smart Star Ghana Limited to launch Star Phone Service, a global service, allowing companies and institutions to keep all communications links in one place. Read the full story
The message from Zimbabwe's political protagonists in the ongoing election campaign has one common denominator: the economy. From spaghetti roads to $16 billion foreign direct investment (FDI) in eight months, the economy has been at the top of the agenda, thanks to years of economic mismanagement by Zanu PF since 1980. Zimbabwe is going through the worst economic patch since the advent of the multicurrency regime in 2009 with company closures, cash shortages and the forex crunch headlining some Read the full story
Zimbabwe: Porous Borders - How The Country Loses Millions to Smuggling Syndicates
AllAfricaTHE government could be losing millions of dollars in revenue via its north-eastern port of entry at Forbes Border Post due to under-declaration and false classification of goods by importers to evade paying the correct taxes as corruption takes its toll, border officials, clearing agents and others have said With companies struggling to remain afloat due to the economic problems, government now relies on tax heads such as excise duty and value-added tax (VAT) to meet its revenue targets. Read the full story
UAE, Zimbabwe sign cooperation agreements
FurtherAfricaTwo agreements related to protecting, encouraging investment and avoiding double income taxation, as well as MoU on the marketing and supply of energy. Read the full story
South Africa: The Latest Customs Requirements for SA Resident Travellers
AllAfricaSARS has issued a media release for South African resident travellers returning to South Africa with personal effects such as laptops, iPads, cell phones, golf clubs, cameras and/or other personal valuables. Sars is attempting to clarify what they quaintly refer to as "confusion in the media" in regard to the SA resident who recently had to pay R1 500 at customs for his laptop, when he couldn't produce proof of purchase. In doing so, Sars has merely added to the confusion. Sars advises that no Read the full story
Understanding: The new Angolan competition law
FurtherAfricaLast May the new Angolan Law on Competition (Law no. 5/18, of 10 May) was published. This new Competition Law aims to meet the need for laying down rules and principles regarding the competition of the economic activities carried out on a permanent or occasional basis in Angola, both for public and private companies, as well as for groups of companies, cooperatives and business associations. Read the full story
Ghana: “Star Phone” app launched to ease communication with businesses
FurtherAfricaMTN Ghana Limited has partnered One Smart Star Ghana Limited to launch Star Phone Service, a global service, allowing companies and institutions to keep all communications links in one place. Read the full story
CAR struggling to resume diamond exports, tax revenue lags
Mining Weekly AfricaDespite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical diamond exports, CAR was banned from exporting diamonds in 2013 after rebels seized power. Read the full story
Charter in its current form will not promote investment and growth – MCSA
Mining Weekly AfricaThe Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity of South Africa. This follows the publication of the draft Mining Charter 2018 by the Department of Mineral Resources (DMR) on June 15. Read the full story
ASIA
Brace for an even bigger bubble in China’s stock marketsSouth China Morning Post
Rocky ride ahead if a new financial instrument fashioned after American Depositary Receipts that lets Chinese investors dabble in the country’s tech champions gets too popular Read the full story
Asian shares poised to slip after escalation in US-China trade tensions
CNBCAsian markets looked set to slip on Monday after tariffs imposed by the U.S. on Chinese goods were met with swift retaliation from Beijing. Read the full story
US-China trade war is just the start of the struggle for global order
The HillThe China challenge will be a multi-decade struggle with a nation that has the economic and military muscle to change the very nature of international politics against our interests. Read the full story
How the Fed interest rate rise and other central banks’ monetary policies have left financial markets all jittery
South China Morning PostNicholas Spiro says the divergence in monetary policy among the Federal Reserve, European Central Bank and Bank of Japan has unsettled investors Read the full story
China adds to nuclear arsenal amid military modernisation drive
South China Morning PostCountry now has 280 warheads, according to think tank, which calls nuclear states’ renewed focus on deterrence and capacity ‘a very worrying trend’ Read the full story
Taiwan’s critical battle to keep its diplomatic allies from switching sides
South China Morning PostIsland’s remaining friends under constant pressure as Beijing engages in broad offensive to put the squeeze on its international space Read the full story
EUROPE
Immigration fight has handed Germany’s Merkel her ‘worst crisis’ in more than a decadeCNBC
Chancellor Angela Merkel is at a defining point in her fourth term as German leader amid opposition from her political allies over migration. Read the full story
Theresa May Is Cornered by Brexit Enemies
BloombergNon-stop business knowledge Get more on The Bloomberg App Parliament is set for a vote on the Brexit end game. Lena Komileva of G Plus Economics assesses the possible outcome. Theresa May is surrounded. On one side, the U.K. prime minister has the European Union, sharpening its knives to defend the club of 27 remaining members against British “cherry picking” during Brexit talks. On the other side is her own Conservative party, split into two feuding tribes, either one of which could topple her Read the full story
No progress reported in Poland-EU standoff over courts
ABC NewsA top European Union official and the Polish prime minister have not reported any progress after a meeting aimed at breaking an impasse over changes to the Polish courts that the EU says violate European democratic standards Read the full story
UK private equity firm Actis targets sharp rise in Asian investors
South China Morning PostCompany’s partner in charge of global fundraising says in the next 5-7 years, Asian investors are expected to account for 30pc, up from the current 20pc of entire 235 client base Read the full story
The US should break the German lock on the European economy
CNBCThe German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes. Read the full story
British PM May's Brexit plans set for defeat, teeing up Wednesday showdown
ReutersPrime Minister Theresa May's Brexit plans face rejection by parliament's upper chamber on Monday, setting the stage for a high-stakes confrontation with rebel lawmakers later in the week which could rock her minority government. Read the full story
The Brexit Ramp: Automakers Ponder Britain's Decision to Leave the EU
Motor TrendAutomakers ponder Britain's decision to leave the EU Read the full story
Brexit And UK Fintech Investment: Two Years On From The EU Referendum
Forbes MagazineHas Brexit increased or decreased investment into UK fintech or is the UK government being forced to channel the country's own cash into the financial and technology industries after a lack of funding from other countries? Read the full story
Is this Angela Merkel's moment of reckoning?
BBC News USHow a row with a coalition partner has left the German chancellor fighting for her political life. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
Closed today
Closed todayd
Kauaihn Chatter:
6-19-2018 Newshound Guru Kaperoni How are you going to control inflation when large sums of money come into a country if you're not going to float your currency? All anyone needs to do is...read two or three of the documents from the IMF on the transition from fixed to float to understand how currency reform works. You cannot be pegged when large influxes of capital flow through the CBI, the only alternative to being pegged is a float. This is not guesswork, the IMF themselves told the CBI back in 2012 when they were about to transition the move to a more liberal exchange rate regime. The very definition of that is a float...we see the CBI follow the IMF time after time. Considering the IMF has an agreement with the CBI for monetary reform as well as trusteeship over the CBI the chances are very good that they'll follow what they recommend. [post 1 of 2....stay tuned]
6-18-2018 Newshound/Intel Guru Mnt Goat I still persist that mid-July is very good timeframe to maybe see the CBI moving ahead again on the project to delete the zeros. Yes, I do believe it is coming. Let’s just keep our fingers (and toes) crossed that nothing else comes up to interfere.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound/Intel Guru Mnt Goat ...it’s mid June already and still the election process saga continues in Iraq. This is just 2 weeks prior to the end of the current government. Will they settle this saga prior to this time? They are already talking about a provisional government, this of course would be disastrous and will only lead to yet more shenanigans by Maliki and his goons. Will the UN or the USA step in to assist and settle this issue? We also know the MCP monitoring by the IMF ends... What does this mean? It means that the CBI will not want to allow too many days in between the signoff of the MCP and the reinstatement. We watch now for the next Article IV consultation session. The last consultation was completed on August 9, 2017 for the ending of the 5 year Stand-by-Agreement. This may very well be the final piece to the puzzle, allowing the CBI to continue to the next and final stage of the project to delete the zeros.
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Kaperoni ...Iraq is 96% dependent on oil sales what that means is they could never sell oil below market price because they would be under cutting their own budget. Remember 70% of the budget is wages as most Iraqi's are on the state payroll. Selling oil for $32 a barrel would prevent them for making payroll. Until Iraq and diversify and create a market economy and reduce the dependence on oil they are at the mercy of meeting that budget. The actual cost to produce a barrel of oil is about $10 yes but Iraq has many other expenses on top of that that make the sale of any oil for less than $40 not profitable. [post 1 of 2....stay tuned]
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-17-2018 Newshound Guru Kaperoni [...You can’t take value away from iraq and iraq be stronger and never give value back.] It was never taken away, it devalued due to sanctions if you want to call that taken away so be it. And yes, it should rise up again.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new postings on PM Abadi's website.
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ARTICLE 2
United Nations: We have full confidence in Iraq in running the electoral process
2018/6/18 23:33
[Ayna-Baghdad]
Secretary-General of the United Nations Stephane Dujarric confirmed on Monday the full confidence in Iraq in running the electoral process.
"The Secretary-General has full confidence in Iraq's ability to manage the electoral process in accordance with the Constitution and in conformity with the relevant laws as well as the procedures established by the institutions," Dujarric said in response to a question on the demands of counting and counting the results of the Iraqi parliamentary elections and the resolution passed by the House of Representatives. Independent in the country. "
He added that "the United Nations will continue to provide advice and assistance to Iraq, according to the previous authorization, I mean, as you know that in every country where the elections are held, there is a special mechanism to challenge and re-counting and sorting, to ensure that the process proceeded under the Constitution and the law."
The House of Representatives voted in its extraordinary session held on June 6, on the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013 "with the aim of achieving transparency in the election results and maintain the democratic system of Iraq and protect the electoral process to ensure confidence in the integrity of the elections and fairness and The validity of the acceleration of electronic results and caused by the lack of real results and for the manual counting and counting in the whole of Iraq. "
And appointed the Supreme Judicial Council, 18 judges to administer the offices of the Electoral Commission and supervise the process of counting and counting the results of the election under the amendment of the election law.
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ARTICLE 3
The Federal Court sets a date for the appeal against the amendment of the electoral law
2018/6/19 10:47
[Ayna-Baghdad]
The Federal Supreme Court has set a date for considering the challenge of amending the electoral law.
"The Supreme Federal Court has set the date of the hearing of a public hearing on the suits filed by the President of the Republic [Fuad Masum] at 10 am on 21 June 2018," said Ayas al-Samuk, In addition to his job and from the Board of Commissioners and the Kurdistan Democratic Party to challenge the law of the third amendment to the law of elections of the House of Representatives.
The Federal Supreme Court, on June 13 unanimously rejected the request of the Electoral Commission, the issuance of the [state] decision to suspend the implementation of the provisions of the Third Amendment Act of the Law of the elections of the Council of Representatives.
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ARTICLE 4
The names of seven martyrs of the Shamar tribe were revealed after being kidnapped south of Mosul
Ninewa -Arraq Press - June 19: MP Abdul Rahman al-Loizi, the martyrdom of seven members of the tribe of Shammer after they were kidnapped by the organization of Daed south of the city of Mosul.
"With more sadness and sorrow, we received the news of the martyrdom of a constellation of martyrs from the Shamar tribe, by the organization of an evangelist in an incident that left and killed in an ambush on the Abu A'rajib bridge, before they were executed near the airport," al-Lawaisi said in a statement. Geneva, south of the urban district, "noting that" the martyrs of the martyrs are Hamdi Fanhar Mtiran, Said Fnhr Mtairan, behind the rivers Mtairan, Rafa Abdel Fnhr, Farhan Abdel Fannher, Mohamed Abdel Fannher, Jaber Hamdi Fanhar).
He called on the security forces to take "security measures that will contain these violations and prevent their recurrence." He called on "citizens to cooperate with the security forces by communicating with them and providing them with information that would undermine the activity of these terrorist groups."
Local police reports in the province of Kirkuk reported on Sunday evening that two truck drivers were killed and four others were kidnapped in an attack on a crowd on the Kirkuk-Baghdad road.
It was reported that "elements of the organization calling to disguise the uniforms of the security forces attacked on the road link between Kirkuk and Baghdad near the area of Najana north of the great area, killing two truck drivers and kidnapped four others."
She added that "the brigade 23 in the popular mobilization is pursuing the elements of the organization."
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ARTICLE 5
Collagen deficiency behind the appearance of aging effects on the skin
2018/6/16 17:15
[Ayna-Follow]
Mary Helen, a dermatologist at the University of Paris, confirmed that the lack of collagen production in the body is responsible for the effects of aging on the skin.
The collagen provides 80% of the protein needed by the skin, and it is recommended to use collagen generation, especially made of small green algae, as it helps to moisturize the skin by 23% It also activates cells within 8 hours.
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