WOTS Tuesday 8/28/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.4000 | 1,160.1000 | 1,160.1000 | | 07:06 |
| USD/VND | | | 23,261.5000 | 22,805.6000 | 22,805.6000 | | 07:06 |
| USD/CNY | | | 6.8214 | 6.7963 | 6.8105 | | 07:06 |
| USD/KWD | | | 0.3024 | 0.3016 | 0.3024 | | 07:05 |
| GBP/USD | | | 1.2909 | 1.2862 | 1.2894 | | 07:06 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,684.8000 | 14,539.0000 | 14,539.0000 | | 07:06 |
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DC NY Iraq Articles:dd
Political alliances will be officially announced on September 3: Shankali
Tuesday، 28 August 2018 10:17 AM
Member of Kurdistan Democratic Party (KDP), Majid Shankali said on Tuesday that the Kurds did not decide their candidate for the post of Iraq's presidency.
Shankali noted that Former Iraqi Minister of Foreign Affairs, Hoshyar Zebari and Former Minister of Water Resources, Latif Rashid are the favorite candidates to assume the presidency post.
He pointed out that a delegation will visit Baghdad in the coming days in order to discuss the formation of the new government, adding that KDP has discussed during a meeting on Monday the visions and programs that the party seek to implement in the next government.
Shankali said that the first session of the new parliament, which will be held on September 3, will witness the announcement of the political alliances and the largest parliamentary bloc formation.
Legal expert: If the first session of the parliament is not held, the president will set a new date
02:29 PM 28/08/2018
Baghdad / Al-Ghad Press:
The legal expert said on Tuesday that if the first session of the next parliamentary session does not take place as scheduled, the president of the republic will set another date for its convening according to its constitutional powers.
"If the parliamentary session called by the president of the republic on September 3 is not held for any reason, the president will set a new date for holding the session until the quorum for the election of the speaker of parliament and the prime minister is completed," al-Da'idi said in a statement to Al-Ghad Press. .
He added that "if a quorum is completed according to the law by half plus one, and what is stipulated in the Constitution, the meeting is considered official and what emerges from it is officially and final in relation to the choice of prime minister."
He added that "if a quorum is completed according to the law by half plus one, and what is stipulated in the Constitution, the meeting is considered official and what emerges from it is officially and final in relation to the choice of prime minister."
The President of the Republic Fouad Masoum, has called on Monday, the new parliament to hold its first meeting on the third of September next.
In a statement received by Al-Ghad Press, a copy of which was issued by the President of the Republic, the President of the Republic issued Presidential Decree No. 62 of 2018 inviting the Chamber of Deputies for its fourth session to convene on September 3.
He added that "infallible held several dialogues in depth with all political forces on the speed of resolving their political understandings to achieve the constitutional entitlements resulting from the convening of the Council, and the subsequent selection of the President of the Council and his deputies, and open the door for the nomination of the President of the Republic, To form a government. "
The Iraqi constitution provides that the President of the Republic (after the ratification of the results) within 15 days from the date of ratification by a presidential decree the new Council of Representatives to convene under the chairmanship of the oldest members to elect the President of the Council and his deputies, then move the House of Representatives to choose the President of the Republic, The most representative parliamentary formation within 30 days of his election.
Rafidain disburses a new batch of advances (double and double) for retirees
Release date: 2018/8/28 10:19 • 99 times read
Baghdad: Al-Furat News} Rafidain Bank announced the disbursement of a new meal of a double and double allowance for civilian and military retirees through electronic payment tools.
The bank's media office said in a statement received by the agency {Euphrates News} a copy of it, that "a new payment of a double payment of two thousand and two retirees of the civilian and military for more than ten thousand retired."
He pointed out that "the advance of double and double is according to the salary of the retired and ranges between 3 million and 7 million dinars."
The statement said that "the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance grant, after he completed all the legal procedures to grant it and disbursement through the electronic payment tools, which was filled the financial balance to it."
He pointed out that "the advance of double and double is according to the salary of the retired and ranges between 3 million and 7 million dinars."
The statement said that "the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance grant, after he completed all the legal procedures to grant it and disbursement through the electronic payment tools, which was filled the financial balance to it."
BCF to Send Humanitarian Aid to Basra: Statement
28/08/2018 - 00:48
ERBIL - The Kurdish Barzani Charity Foundation (BCF) will deliver on Tuesday humanitarian aid to the Iraqi southern province of Basra, the organization said in a statement.
The Iraqi southern city has lately been suffering from a number of environmental issues, including drinking water, and tens of people were sent to hospital due to drinking polluted water, according to Iraqi reports earlier the month.
The BCF, in hopes of helping Basra to overcome part of its issues, will send a large shipment of potable water to the city.
Thousands of people have been taking into the streets in the southern parts of Iraq over the past two months to protest the government's failure in providing them with basic public services
Al-Muthanna announces next Thursday an official holiday on the occasion of Eid al-Ghadir
Tuesday, 28 August 2018 - 12:46 PM
Al-Muthanna province announced on Tuesday that the official working hours will be suspended on Thursday, August 30, on the occasion of Eid al-Ghadeer.
The head of the council and the governor of Yasiri al-Mirbadd said that the decision of the holiday was taken to make room for officials of the state to perform the increase, noting that the Council will send its decision to the governor for the purpose of reporting the content of the holiday to all departments except the security and service.
The Basra provincial council announced on Monday, the disruption of official work on Thursday on the occasion of Eid al-Ghadir.
Dozens protest in Basra to demand services and jobs
Tuesday, 28 August 2018 12:00 pm
Demonstrations in Iraq
Dozens of people from the Iraqi province of Basra held a sit-in in the center of the province, in protest against the failure to implement their demands.
The satellite channel "Alsumaria News" on Monday evening that a number of people from the province of Basra staged an open sit-in in the airfield in the center of the province, to protest the service situation and water pollution, adding that the protesters refused to visit the ministerial delegation, which visited the province recently to see the reality, That they did not implement the demands of Basra, which called for its children so far despite the many promises.
The province of Basra has witnessed during the last period, protests spread to large areas, including to demand the provision of services and job creation for the unemployed as well as the elimination of corruption and hold accountable corrupt officials.
Land Transport intends to apply automatic cutting at the border port of Safwan
28/8/2018 12:00 am
Baghdad / Al-Sabah
The General Company for Land Transport intends to activate the automated cutting system within the Safwan border crossing with Kuwait to facilitate the trade process by adopting the identification of goods entering the country and handling errors that may occur inside the ports.
"The move comes in line with the company's plans to develop this vital aspect and activate the automated cutting system within the Safwan border crossing with Kuwait by sending a specialized committee formed by the company departments," said Emad Abdul Razzaq al-Asadi, director of the transport ministry. Adding that the committee will study the rehabilitation of the port through the installation of caravan and generators, lighting and modern computers to operate automated system of the Manifest to facilitate the process of entry and exit of trucks and consumer goods as well as facilitate the transit of passengers.
He stressed the need to work with the electronic systems and the automated parts system (MINFEST) so that the work can be completed as soon as possible in coordination with the General Customs Authority by unifying the border line of trucks entering and leaving the country. He pointed to the success of the company fleet during the month of July in achieving 4 thousand and 699 jumps with a capacity estimated at 197 Million and 311 thousand and 930 tons.
Al-Asadi said that the tonnage and internal transfers included the transfer of wheat by 1758 tons and a capacity of 80 million and 24 thousand and 860 tons, and the rice by 2720 shift and the load exceeded 108 million and 486 thousand and 200 tons in favor of the Ministry of Commerce, in addition to the company's fleet internal transport for The Ministry of Electricity through the transfer of electrical equipment by 50 and a load of more than two million and 750 thousand tons, as well as the transfer of the requirements of the electoral process in favor of the Electoral Commission and the transfer of military equipment for the Ministry of Defense.
He added that in addition to these works, the company had an effort with the Ministry of Agriculture to transfer chemical fertilizers, seeds, kerosene and other consumables needed by the citizen, pointing out that the company is fully mobilizing its fleet to serve the public interest and strengthen the role of the leading company to provide all state institutions and services with all their needs and requirements Which will strengthen the national economy and the position of the company among the ministry's formations.
The General Company for Land Transport intends to activate the automated cutting system within the Safwan border crossing with Kuwait to facilitate the trade process by adopting the identification of goods entering the country and handling errors that may occur inside the ports.
"The move comes in line with the company's plans to develop this vital aspect and activate the automated cutting system within the Safwan border crossing with Kuwait by sending a specialized committee formed by the company departments," said Emad Abdul Razzaq al-Asadi, director of the transport ministry. Adding that the committee will study the rehabilitation of the port through the installation of caravan and generators, lighting and modern computers to operate automated system of the Manifest to facilitate the process of entry and exit of trucks and consumer goods as well as facilitate the transit of passengers.
He stressed the need to work with the electronic systems and the automated parts system (MINFEST) so that the work can be completed as soon as possible in coordination with the General Customs Authority by unifying the border line of trucks entering and leaving the country. He pointed to the success of the company fleet during the month of July in achieving 4 thousand and 699 jumps with a capacity estimated at 197 Million and 311 thousand and 930 tons.
Al-Asadi said that the tonnage and internal transfers included the transfer of wheat by 1758 tons and a capacity of 80 million and 24 thousand and 860 tons, and the rice by 2720 shift and the load exceeded 108 million and 486 thousand and 200 tons in favor of the Ministry of Commerce, in addition to the company's fleet internal transport for The Ministry of Electricity through the transfer of electrical equipment by 50 and a load of more than two million and 750 thousand tons, as well as the transfer of the requirements of the electoral process in favor of the Electoral Commission and the transfer of military equipment for the Ministry of Defense.
He added that in addition to these works, the company had an effort with the Ministry of Agriculture to transfer chemical fertilizers, seeds, kerosene and other consumables needed by the citizen, pointing out that the company is fully mobilizing its fleet to serve the public interest and strengthen the role of the leading company to provide all state institutions and services with all their needs and requirements Which will strengthen the national economy and the position of the company among the ministry's formations.
Kauaihn Iraq Articles:dd
URGENT Government media: allocate 977 billion dinars for 10 provinces to meet their needs
Release Date: 2018/8/28 13:26 • 28 times read
{Baghdad: Al-Furat News} Cabinet allocated 977 billion dinars for 10 provinces to meet their needs.
A statement by the state media cell received the agency {Euphrates News} a copy of it today, "In implementation of the directives of the Prime Minister allocated the Council of Ministers amount to 977 billion dinars to the provinces of Basra, Dhi Qar, Najaf, Muthanna, Maysan, Diwaniyah, Baghdad, Wasit, Babylon and Karbala Sacred] to meet their needs. "
"The allocation includes addressing the problems of sectors (water, electricity, sanitation, municipalities / roads and bridges, health, education, water resources, industry, storage / siloat, poverty alleviation projects and regional development programs).
He added, "It was stressed to solve the problem of water pollution in the province of Basra and accelerate the meeting of needs to provide the best services for the people of the areas of the province, has been allocated three million dollars to support water projects within the budget development regions.
The Prime Minister pointed earlier to the need to meet the demands of the people of the provinces and address the water problems in the province of Basra urgently and the announcement of grades, and the inclusion of graduates of the educational initiative of the holders of higher degrees of appointment in the provinces, and the formation of a committee to address the delays in projects stalled, Aims to provide the best to the sons of all Iraqi provinces
"The allocation includes addressing the problems of sectors (water, electricity, sanitation, municipalities / roads and bridges, health, education, water resources, industry, storage / siloat, poverty alleviation projects and regional development programs).
He added, "It was stressed to solve the problem of water pollution in the province of Basra and accelerate the meeting of needs to provide the best services for the people of the areas of the province, has been allocated three million dollars to support water projects within the budget development regions.
The Prime Minister pointed earlier to the need to meet the demands of the people of the provinces and address the water problems in the province of Basra urgently and the announcement of grades, and the inclusion of graduates of the educational initiative of the holders of higher degrees of appointment in the provinces, and the formation of a committee to address the delays in projects stalled, Aims to provide the best to the sons of all Iraqi provinces
Khazali accuses Washington of "blatant interference" and imposes figures on government negotiations
28/08/2018 Kurdistan24 Arbil
Qais al-Khazali (left) and Hadi al-Amiri (center) and Abo Mahdi al-Muhandes, vice chairman of the Popular Popular Authority (right).
Iraq Popular Crowd Khadafy Hadi Al Ameri
A + A A-
A + A A-
Arbil (Kurdistan 24) - accused the leader of the Fatah Alliance Qais al-Khazali Tuesday the United States by "blatant interference" in the negotiations to form a federal government in Iraq, and said that Washington seeks to impose specific figures during the negotiations between the winning and competing blocs.
Khazali's remarks came after a meeting of al-Fath coalition, which includes leaders of the popular crowd, and was ranked second in the May 12 elections.
America intervenes in negotiations to form a government openly and sometimes even imposes figures," Khazali told a news conference with al-Fatah leader Hadi al-Amiri.
Washington has previously said the formation of the government is an "internal affair," but analysts say it wants a government that does not owe allegiance to its arch-rival Iran.
US presidential envoy Brett McGurk is holding consultations with various political forces in connection with the major bloc negotiations that will form the government.
Al-Khazali said McGowork would visit Baghdad and a US delegation later in the day to "press some parties to form a government."
"If the US embassy continues to intervene, we will not be silent," Khazali, who is close to Iran, said.
Khafali, who leads the Shi'ite Asaib al-Haq group involved in the popular rally, was apparently referring to the alliance of Prime Minister Haider al-Abadi.
Khazali was one of the aides to the leader of the Moqtada al-Sadr coalition, but he broke away after years of sectarian fighting that swept through Iraq in 2006 and 2007.
Before the opening meeting, Al-Ahed TV, owned by al-Khazali, published a series of Twitter tweets hinting that the Sunni axis might not be allied to the conquest. It could not be ascertained.
The Sunni Iraqi national axis is led by Khamis al-Khangar, who ran for election but withdrew later to present himself as leader of the Sunni Arab state.
Shiite forces, including leaders of the popular crowd, have long accused the dagger of funding armed groups opposed to the political process in Iraq.
And will not be able to block either the alliance of the conquest - the rule of law, or the four-alliance between Sadr and Abadi and Iyad Allawi and Ammar al-Hakim nail the big bloc without the participation of the Sunnis or Kurds.
The Fatah alliance has repeatedly tried to persuade the dagger to join him to form a major bloc that will form the government, but the national axis has not yet decided its decision.
"If Khamis Al-Dangar had negative comments, why was he allowed to participate in the elections?" Amiri told a news conference with Khazali.
"There is no good in a government that is formed under foreign pressure."
The al-Fath alliance, led by Amiri, is essentially allied with the State of Law coalition led by Nuri al-Maliki, who ruled the country for eight years
Trade: Establish 216 national companies and register 10 branches of foreign companies during the last month
Baghdad / Al-Ghad Press:
The Ministry of Commerce announced today that it has completed the establishment of 216 national companies and registered 10 branches of foreign companies last July.
"The Chamber issued several decisions concerning the amendment of corporate contracts, which were divided between increasing capital, merging company accounts and liquidating the accounts of a company," the director general of Zahra Shiban Hammadi said in a statement received by Al-Ghad Press. A registered company and the recording of the records and referral (391) Iraqi company to the judicial investigator for violating regulations and instructions. "
He added that the department has studied the final accounts of the 2260 national companies in addition to merging the accounts of 57 companies, increasing the capital of 15 companies, settling the accounts of 8 companies, studying the accounts of offices and branches of foreign companies for 126 companies, Of the names reserved their money to (420) and audit the arrival of (4978) and the (147) disclosure of companies in Baghdad and the provinces.
He added that "the Chamber has ratified the minutes of the founding meetings of the limited companies of (187) minutes in addition to the ratification of (14) a special minutes of meetings of the General Assembly of joint stock companies as well as the ratification of the decisions of the General Authority for the companies of persons limited (1033) resolution.
Iraq's SOMO close to JV with China's Zhenhua to boost crude sales
28th August 2018 in Iraq Oil & Gas News
BEIJING/DUBAI (Reuters) - Iraq’s state oil marketer SOMO is close to a deal with China’s state-run Zhenhua Oil to boost the OPEC member’s crude oil sales to the world’s top oil importer, four sources with knowledge of the matter said.
Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC). The move will bolster Iraq’s position in Asia, the world’s biggest and fastest-growing oil-consuming region, which already takes 60 percent its oil exports at some 3.8 million barrels a day (bpd).
“Zhenhua helped Iraq to penetrate the Chinese market and make more revenues for Iraq,” said a senior source familiar with the discussions on the deal, adding that a 50/50 proposed joint venture could be finalised in October or November.
Another source said the deal was pending regulatory approvals, giving no further details.
It is not clear where the JV would be located, but two of the sources familiar with the negotiations said the port city of Tianjin, near Beijing, was under discussion. Singapore is also among the options, they said.
Kurdistan receives thousands of tourists during Eid al-Adha
28/8/2018 12:00 am
Erbil / Sundus Abdel Wahab
The provinces of the Kurdistan region received large numbers of tourists from the central and southern governorates during the Eid al-Adha, which coincided with the continuation of the summer vacation and the opening of the Kirkuk-Erbil road on the side of the bridge of Alton al-Kubri, which facilitated the movement of the wheels and shortened the time. Of the tourism companies and families coming in their own vehicles compared to previous years.
The head of the Tourism Authority in the region, Mawlai Jabbar, in an interview with «morning»: The large numbers of a significant increase of tourists came to Kurdistan during the Eid al-Adha, pointing out that tourism in the region recorded a historic number of tourists coming from Iraqi cities after the number decreased To the lowest levels in the past few years. Jabbar added that the number of tourists in Erbil alone exceeded during the past days the 85 thousand tourists, while distributed figures close to tourists entering the provinces of Dohuk and Sulaymaniyah, noting that the statistics of the Commission indicates that about one million and 300 thousand tourists arrived in Cities and Governorates In the past six months, a much higher figure than last year.
For his part, the official spokesman of the Tourism Authority, Nader Rustai, that the coordination is continuing with the Tourism Authority in the federal government and the concerned authorities in the region to provide all services and facilitate entry procedures smoothly and smoothly.
He added that the resorts of the province in the three governorates witnessed a great turnout by tourists, especially during the summer vacation, which coincided with Eid al-Fitr and al-Adha, because the region is characterized by mild weather and beautiful views of mountains, plains, valleys, waterfalls, paved roads and the spread of security forces. Of traffic and traffic to facilitate the smooth and smooth movement of vehicles and avoid congestion, pointing out that the remarkable increase in the demand of tourists has a positive economic impact on the region through the recovery of the work of hotels, restaurants, centers, shops and malls and markets In the provinces and Almassaev.onoh that the rate of entry of tourists to the Kurdistan region increased by 24 percent.
The provinces of the Kurdistan region received large numbers of tourists from the central and southern governorates during the Eid al-Adha, which coincided with the continuation of the summer vacation and the opening of the Kirkuk-Erbil road on the side of the bridge of Alton al-Kubri, which facilitated the movement of the wheels and shortened the time. Of the tourism companies and families coming in their own vehicles compared to previous years.
The head of the Tourism Authority in the region, Mawlai Jabbar, in an interview with «morning»: The large numbers of a significant increase of tourists came to Kurdistan during the Eid al-Adha, pointing out that tourism in the region recorded a historic number of tourists coming from Iraqi cities after the number decreased To the lowest levels in the past few years. Jabbar added that the number of tourists in Erbil alone exceeded during the past days the 85 thousand tourists, while distributed figures close to tourists entering the provinces of Dohuk and Sulaymaniyah, noting that the statistics of the Commission indicates that about one million and 300 thousand tourists arrived in Cities and Governorates In the past six months, a much higher figure than last year.
For his part, the official spokesman of the Tourism Authority, Nader Rustai, that the coordination is continuing with the Tourism Authority in the federal government and the concerned authorities in the region to provide all services and facilitate entry procedures smoothly and smoothly.
He added that the resorts of the province in the three governorates witnessed a great turnout by tourists, especially during the summer vacation, which coincided with Eid al-Fitr and al-Adha, because the region is characterized by mild weather and beautiful views of mountains, plains, valleys, waterfalls, paved roads and the spread of security forces. Of traffic and traffic to facilitate the smooth and smooth movement of vehicles and avoid congestion, pointing out that the remarkable increase in the demand of tourists has a positive economic impact on the region through the recovery of the work of hotels, restaurants, centers, shops and malls and markets In the provinces and Almassaev.onoh that the rate of entry of tourists to the Kurdistan region increased by 24 percent.
Joint venture between Iraq's Sumo and Shenhua to support crude oil sales
Aug 28, 2018
BEIJING (Reuters) - Iraq's state oil marketing company Sumo is in the process of concluding a deal with China's state-owned Shenhua Oil to boost Iraq's crude oil sales to China, the world's biggest crude importer, four sources said.
Iraq is the second-largest producer of oil in the Organization of the Petroleum Exporting Countries (OPEC). The move will boost Iraq's position in Asia, the world's largest and fastest-growing oil region, which already buys 60 percent of its exports at around 3.8 million bpd. "Shenhua helped Iraq penetrate the Chinese market and generate more revenue," said a senior source familiar with the talks on the deal, adding that a proposed joint venture could be completed in October or November. Another source said the deal was awaiting regulatory approvals. and he did not mention any further details.
The location of the joint venture is not yet clear, but two sources said the choice of the coastal city of Tianjin, near Beijing, was being discussed as a possible location, and that Singapore was also among the options.
The four sources asked not to be identified because they were not authorized to discuss commercial issues with the media. Shenhua declined to comment, while Somo did not immediately respond to an e-mail request for comment.
China is under pressure to cut its oil purchases from Iran, Opec's third largest crude producer, with the United States re-imposing sanctions on Tehran and threatening to cut its oil exports to zero.
Amidst the trade dispute between Washington and Beijing, it is also unclear whether Chinese importers will be able to continue importing US crude. The Sumo-Shenhua deal will also offer China another option for oil, with the risks of US crude flows. Shenhua's relationship with Sumo dates back to the era of former Iraqi President Saddam Hussein, when the parent company, Norinco, was one of the first Chinese companies to invest in oil and gas exploration in Iraq.
Last year, Shenhua won a long-term contract to supply diesel to Somo for the first time, and recently also participated in a deal to develop the East Baghdad oil field.
Since the beginning of the year, Shenhua has marketed Iraq's main crude oil, Basrah Light, to Sumo. But also sold quantities to Taiwan, according to an independent Singapore trade source. Shenhua, China's smallest state-run oil and gas company, expanded its operations in oil sales to independent Chinese refiners, which have agreed to import crude since 2015 and now account for about 20 percent of China's total imports. Their sales to these independent companies reached a record 6.5 million tonnes last year, or 131,000 bpd, equivalent to about seven percent of total purchases, according to estimates in the oil sector.
Sinopec, PetroChina, Sinopec, regular oil customers under long-term supply agreements with Sumo, or service contracts for oilfields
Iraq is the second-largest producer of oil in the Organization of the Petroleum Exporting Countries (OPEC). The move will boost Iraq's position in Asia, the world's largest and fastest-growing oil region, which already buys 60 percent of its exports at around 3.8 million bpd. "Shenhua helped Iraq penetrate the Chinese market and generate more revenue," said a senior source familiar with the talks on the deal, adding that a proposed joint venture could be completed in October or November. Another source said the deal was awaiting regulatory approvals. and he did not mention any further details.
The location of the joint venture is not yet clear, but two sources said the choice of the coastal city of Tianjin, near Beijing, was being discussed as a possible location, and that Singapore was also among the options.
The four sources asked not to be identified because they were not authorized to discuss commercial issues with the media. Shenhua declined to comment, while Somo did not immediately respond to an e-mail request for comment.
China is under pressure to cut its oil purchases from Iran, Opec's third largest crude producer, with the United States re-imposing sanctions on Tehran and threatening to cut its oil exports to zero.
Amidst the trade dispute between Washington and Beijing, it is also unclear whether Chinese importers will be able to continue importing US crude. The Sumo-Shenhua deal will also offer China another option for oil, with the risks of US crude flows. Shenhua's relationship with Sumo dates back to the era of former Iraqi President Saddam Hussein, when the parent company, Norinco, was one of the first Chinese companies to invest in oil and gas exploration in Iraq.
Last year, Shenhua won a long-term contract to supply diesel to Somo for the first time, and recently also participated in a deal to develop the East Baghdad oil field.
Since the beginning of the year, Shenhua has marketed Iraq's main crude oil, Basrah Light, to Sumo. But also sold quantities to Taiwan, according to an independent Singapore trade source. Shenhua, China's smallest state-run oil and gas company, expanded its operations in oil sales to independent Chinese refiners, which have agreed to import crude since 2015 and now account for about 20 percent of China's total imports. Their sales to these independent companies reached a record 6.5 million tonnes last year, or 131,000 bpd, equivalent to about seven percent of total purchases, according to estimates in the oil sector.
Sinopec, PetroChina, Sinopec, regular oil customers under long-term supply agreements with Sumo, or service contracts for oilfields
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Forbes Magazine
Should you buy rental property to guard against a stock market crash? I dissect that question here. Read the full story
Top 5 Things to Know in The Market on Monday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
US stocks higher following record-setting run
Fox News
Trading volumes could be low ahead of the long weekend. Read the full story
Global markets continue the bull-run, but have they forgotten Turkey?
CNBC
Economic stress in Turkey is usually the first warning signal for an abrupt shift in risk tolerance for global markets. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Cryptocurrency "miners," utilities look for ways to get along
CBS News
CBS News
Creating bitcoin and other cryptocurrencies demands vast amounts of electricity -- are power companies the answer? Read the full story
Upside Calling? Bearish Bets on Bitcoin Futures Hit Record Low
CoinDesk
The bearish bets in bitcoin futures market fell to lifetime lows last week, strengthening the bullish case put forward by the technical charts. Read the full story
Chinese bitcoin mining rig makers aim to raise billions in HK IPOs: sources
Reuters
Three of the world's largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong, even as other companies report plunging demand for the chips needed to make bitcoin and a halving in the price of the cryptocurrency. Read the full story
Chinese internet giants move to shut cryptocurrency forums and transactions amid government clampdown
South China Morning Post
Baidu, Alibaba and Tencent blocked cryptocurrency-related activities on its platforms amid Beijing’s intensifying crackdown on the digital money. Read the full story
These Crypto Tycoons Are About to Learn How Rich They Really Are
Bloomberg
Some of the world’s biggest cryptocurrency tycoons are about to find out how much they’re really worth. The secretive bosses of Bitmain Technologies Ltd., Canaan Inc. and Ebang International Holdings Inc. -- three of the largest makers of cryptocurrency mining gear -- are all facing the prospect of public-market scrutiny for the first time as they pursue stock listings in Hong Kong. Bitfury, another industry heavyweight, is open to the idea of an initial public offering, though it doesn’t yet Read the full story
How Bitcoin could become legit in the eyes of the masses
Big Think
There are some big hurdles for Bitcoin to overcome. Cryptocurrencies must become practical for real-world use. Read More Read the full story
Who Needs a Bitcoin ETF? Crypto Scoffs at SEC Rejections
CoinDesk
Over the past two days, the narrative on bitcoin exchange traded funds in the United States has felt like a rollercoaster. Read the full story
CURRENCIES
The anti-dollar awakening could be ruder and sooner than most economists predict
CNBC
CNBC
The United States is currently waging economic warfare against one tenth of the world's countries. Read the full story
Forex - Dollar Stabilizes Post-Powell, Chinese Yuan on Watch After PBOC Support
Investing.com
© Reuters. Dollar holds steady post-Powell, yuan on the rise as PBOC backs the currency Read the full story
A 10% fall in the pound, a surging FTSE 100, and a drastic move from the Bank of England: here's how markets will react to a no-deal Brexit
Business Insider
A no-deal Brexit is rising in likelihood as the UK's March 2019 deadline approaches. No deal would be hugely disruptive for financial markets. It would likely send the British pound plummeting, UK stocks surging, and force the Bank of England into drastic action. As the day of Brexit draws ever nearer, the prospect of Britain leaving the European Union without a deal continues to grow. What started out as an almost unimaginable scenario is now, in the minds of the British public at least, the Read the full story
Turkish lira slides nearly 5 percent as U.S. stand-off back in focus
Business Insider
Business Insider
Turkish Lira and Dollar banknotes are seen in this picture illustration Thomson Reuters By Daren Butler and Behiye Selin Taner ISTANBUL (Reuters) - The Turkish lira tumbled nearly 5 percent against the dollar on Monday after a week-long holiday, hit by persistent concern about a diplomatic rift with Washington over a U.S. pastor on trial in Turkey. The slide left the lira down about 40 percent this year, driven by worries over President Tayyip Erdogan's grip on monetary policy and the stand-off Read the full story
Yuan hits four-week high as China signals support, revives X-factor for fixing
Reuters
China's yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a "counter-cyclical factor" in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington. Read the full story
Forex - Chinese Yuan Gain as PBOC Steps in to Support Currency; Dollar Slips
Investing.com
© Reuters. The Chinese yuan gained on Monday Read the full story
INSURANCE / HEALTH / SCIENCE
Weight-loss drug lorcaserin found to be safe in new study
BBC News
BBC News
Long-term use of the US weight-loss pill is found to be safe for the heart, in a major study finds. Read the full story
How Long Does It Take For The Brain To Recover From Drinking? Science Says Longer Than We Think
Forbes Magazine
A hangover is more than just a headache and uneasy stomach, according to a new analysis of several studies showing that our brains are still impaired long after the party is over. Read the full story
9 Surprising Symptoms Of Pancreatic Cancer You Should Know
Shared
Spot these signs before they're too late. Read the full story
USA/CANADA
A project to expel Iran from the global financial "Swift" system
Sixteen members of the US Senate, their Treasury, have demanded that conditions be provided to expel Iran from Swift's global financial system because of its continued funding and support of terrorism.
In a letter to Senators Ted Cruz, Sen. Steve Quinn, the senators urged the US government to "take rapid and comprehensive measures to ensure the success of the US government's maximum pressure strategy to ensure that Iran is removed from Swift."
The financial system, known as Swift, is the abbreviation of the Belgium-based International Society for International Financial Communications, but its management consists of executives from US banks and federal agencies.
In their speech, the senators said that maximum pressure would not come to fruition against the Iranian regime unless it was removed from the SWIFT network because of its continued financial support to terrorist groups.
US law gives President Donald Trump the right to impose sanctions on financial service institutions such as Swift, which provides the central bank with services and other banks on the US sanctions list if it fails to comply with sanctions.
Experts expect Trump's trade war with China to go well into next year
Axios
The United States' trade war with China is likely to last much longer than originally thought — extending well into the second half of next year and perhaps beyond, experts say. Read the full story
Another inflation gauge is set to enter the red zone, but no worries at the Fed. Here’s why
MarketWatch
Yet another key measure of U.S. inflation could soon hit the highest level in six years, but don’t expect the head honcho at the Federal Reserve to get uptight. Read the full story
Trump is right. His trade war with China is causing a huge problem with North Korea
CNN
Trump's acknowledgment that Beijing is not helping the US with North Korea is just the beginning of the diplomatic fallout we may see from his trade war, writes YJ Fischer. Read the full story
Canada appeals for German backing amid Saudi rights row
Reuters
The foreign minister of Canada, which is embroiled in a diplomatic row with Saudi Arabia, called for German support on Monday in Ottawa's campaign to promote human rights around the world. Read the full story
EMERGING MARKETS
Venezuela Is Facing Mass Inflation — So They're Raising the Minimum Wage by 3,000 Percent
Independent Journal Review
Independent Journal Review
Venezuela is attempting to combat widespread inflation by raising the minimum wage by 3,000 percent. Read the full story
NAFTA Deal With U.S. 'Hours' Away, Mexican Minister Says
Newsweek
"Our relationship with Mexico is getting closer by the hour," President Donald Trump tweeted on Saturday. "A big Trade Agreement with Mexico could be happening soon!" Read the full story
Venezuela crisis: 'We have to beg for food' in Colombia
Sky News
'We have to beg for something to eat' Read the full story
MIDDLE EAST
Iran says it has full control of Gulf, U.S. Navy does not belong there
Reuters
Reuters
Iran has full control of the Gulf and the U.S. Navy does not belong there, the head of the navy of Iran's Revolutionary Guards, General Alireza Tangsiri, was quoted by Tasnim news agency as saying on Monday. Read the full story
World Court hears Iran lawsuit to have U.S. sanctions lifted
Reuters
Iranian lawyers will ask the International Court of Justice on Monday to order the United States to lift sanctions ordered by the Trump administration against Tehran. Read the full story
Iranian parliament removes finance minister from office
Reuters
Reuters
Iran's parliament sacked the minister of economic affairs and finance on Sunday, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation. Read the full story
Foreign minister: US focused on 'psychological war' against Iran and its trading partners
The Hill
The Hill
Iranian Foreign Minister Mohammad Javad Zarif said Sunday that the U.S. is waging a “psychological war” against his nation and its trading partners. Read the full story
Israeli forces fire on Gaza protest, injuring 89
Mondoweiss
On 24 August, using excessive force against peaceful protesters in Gaza for the 22nd Friday in a row, Israeli forces wounded 89 civilians, including 17 children, 2 women and 3 paramedics. Five sustained serious wounds. Read the full story
Israel to reopen Gaza crossing after week of calm on border
ABC News
ABC News
Israel's defense minister has announced he will reopen the country's main personnel crossing with the Gaza Strip following a week of relative calm along the border Read the full story
Gaza brain drain: Woes force thousands to leave
Aljazeera
Palestinians in the Gaza stripped have been locked in what has been described as the world's largest open-air prison for the past 11 years by Israel's strict blockade. But recently there's been a small window of opportunity to get out. Egypt's reopening of the Rafah Crossing in May has allowed thousands of Palestinians to leave the enclave, many indefinitely, and that's hurting Gaza's already crippled economy. Al Jazeera's Bernard Smith reports from Gaza. Read the full story
A Saudi-Iran oil price war could break up OPEC
Business Insider
Iran's Oil Minister Bijan Zangeneh talks to journalists during a meeting of OPEC oil ministers in Vienna, Austria, December 4, 2015. Saudi Arabia supports President Donald Trump's intention to pull out of the nuclear deal with Iran. Iran says it's ready to do a lot more if any other producer threatens its market share. Iran has made clear that it will not stop exporting oil and China has made clear it will not stop buying it. OPEC's internal fractures are deepening because Saudi Arabia and Iran Read the full story
Turkey's economic pain felt as far as Tennessee
Reuters
Turkey's currency crisis has roiled emerging-markets investors far and wide, including the U.S. state of Tennessee, where the state's retirement system is the biggest institutional holder in a Turkey exchange-traded fund (ETF). Read the full story
AFRICA
UK's May to visit Africa to boost post-Brexit fortunes
ABC News
ABC News
British Prime Minister Theresa May is set to visit Africa on a trade mission aimed at boosting the U.K.'s post-Brexit fortunes Read the full story
Congo Ebola outbreak: Two recover after experimental treatment; cases top 110
CNN
CNN
Two of the first 16 people to receive an experimental treatment for Ebola have recovered in the latest outbreak, which has infected 111 people, including 72 deaths, according to the World Health Organization. Read the full story
Why Ethiopians believe their new prime minister is a prophet
CNN
Young, democratic and preaching peace, Ethiopian prime minister Abiy Ahmed is the leader the country has been waiting for. Can he live up to the hype? Read the full story
Theresa May heads to South Africa to eye up post-Brexit trade deal
Sky News
Theresa May will commemorate more than 600 black South Africans who drowned in the English Channel a century ago as she begins a trade mission to the country. Read the full story
A new dawn or more of the same for Zimbabwe?
Aljazeera
Harare, Zimbabwe - A loud and familiar chant rang out across the tightly-packed arena as Emmerson Mnangagwa took to the stage to be sworn in as Zimbabwe's president. "ED Pfee! ED Pfee!" the crowds roared in unison, echoing the ruling ZANU-PF party's election campaign slogan for Mnangagwa to "get in there" in the hope that Zimbabwe's second president will deliver a new era of prosperity and peace. Addressing the thousands of supporters gathered on Sunday at Harare's National Sports Stadium, Read the full story
ASIA
China defends 'New Silk Road' against debt complaints
ABC News
ABC News
Chinese officials defend 'New Silk Road' construction initiative against debt complaints after Malaysia cancels projects the country says it cannot afford Read the full story
Asia markets mostly gain after China's yuan announcement
CNBC
Asia markets were largely positive in midday trade on Monday, with Greater China markets all gaining following a move by China's central bank to guide the management of the yuan. Read the full story
China in struggle to curb reliance on US market, suppliers
ABC News
China is pressing companies to find non-US suppliers and customers to cope with the effects of Trump's tariff increases, but it's a struggle to replace the US as a market and as a supplier Read the full story
It’s not 2008. Don’t look to Beijing for a big stimulus programme
South China Morning Post
A strong dollar, weak commodities and slowing growth have left some hoping Beijing will step on the accelerator. But the Chinese economy has changed – and besides, it already has all the flashy infrastructure it needs Read the full story
China's new currency policy is a dovish signal in the trade war, analysts say
CNBC
The People's Bank of China announced that it was reintroducing a calculation method it called a "counter-cyclical factor" to keep the yuan's daily midpoint fixed to a relatively stable value. Read the full story
Asian shares rise on Fed reassurance, China yuan strengthening
Reuters
Asian shares rose on Monday, boosted by record Wall Street highs on Friday after reassuring comments from the Federal Reserve's chairman, and as stock markets in China gained after the country's central bank tweaked its management of the yuan. Read the full story
Asia is driving oil consumption
Business Insider
A worker pumps petrol to a motorcycle at a gas station in Hanoi. The global oil market worths nearly four times more than all other natural resource markets combined. Oil consumption is up by 24% over the past 15 years, largely driven by Asia. IEA expects global oil demand to rise 7% by 2023 and half of the increase will be driven by China and India. Oil, like money, still makes the world go around. Oil powers 99 percent of the world's vehicles. Without it, one-third of everything that uses Read the full story
Kim Jong Un's charm offensive wins over other nations while Trump stews
CNN
China, South Korea and Russia are likely to move ahead with closer relations with North Korea even as the US complains denuclearization is going nowhere, writes Sam Vinograd Read the full story
EUROPE
Reuters
The Kremlin said it needed time to assess the impact of new U.S. sanctions that come into effect on Monday before considering any possible response, but that President Vladimir Putin would act in line with Russia's national interest. Read the full story
Macron says Brexit cannot divide EU, criticizes Trump's isolationism
Reuters
President Emmanuel Macron on Monday said preserving European Union unity was more important than forging a close relationship with post-Brexit Britain, and hit out at what he called U.S. President Donald Trump's "aggressive" isolationism. Read the full story
Macron says Europe can't rely on US for security
CNN
French President Emmanuel Macron told France's overseas ambassadors gathered in Paris on Monday that Europe can "no longer rely" upon the US for its security. Read the full story
German IFO Business Climate Index Jumps Higher in August
© Reuters. German IFO Business Climate Index Jumps Higher Read the full story
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Tuesday 8/28/18 did update on the indicative rates Sell Rate 1190
The currency auction is 129,750,000
There is one news and announcements.
1. Main functions of the Department of Statistics and Research
The Department of Statistics and Research performs its tasks to contribute to the achievement of the goals of the Central Bank of Iraq.
August 28, 2018
The Department of Statistics and Research performs its tasks to contribute to the achievement of the goals of the Central Bank of Iraq.
August 28, 2018
Main functions of the Department of Statistics and Research
The Department of Statistics and Research performs its tasks to contribute to the achievement of the goals of the Central Bank of Iraq and the implementation of the objectives of achieving monetary and banking stability and local prices and maintaining an advanced banking system that provides services to the Iraqi population competitively, efficiently and effectively in terms of operations and services and thus contribute to the promotion of development. Sustainable development. In this context, the main tasks of this department are summarized as follows:
Providing advice to the Governor, the Board of Directors and all the Bank's departments regarding issues and developments, while strengthening them with recommendations that help to make sound decisions.
Follow-up macroeconomic developments, in all sectors and activities, and identify the main trends in it.
Prepare the economic model, strengthen economic forecasting, and follow the credibility of the model over time.
Preparing original research, which responds to the problems of the Central Bank, local and international contemporary interests, publishing its results in the magazine of the bank, and enhancing the various sources of information in a sophisticated library.
Contribute to the preparation of monetary policy, determine their direction, and how to use their quantitative and qualitative tools.
Follow up the development of the Central Bank's relations with monetary, banking and financial institutions, Arab and Islamic international.
Collection and dissemination of data on monetary, banking and financial system.
Follow-up of the development of the performance of financial institutions, comprehensive money market, insurance, and funds.
Monitoring the developments of the issued and traded currency, liquidity status, adequacy of bank capital, foreign reserves and capital, preparing studies, research and related reports, and forecasting trends in their developments.
Follow up the monetary developments and financial, local, Arab and international, and show the extent of their impact on the Iraqi economy.
Collect statistical data on economic sectors, classify, analyze, extract and publish their results for the purpose of making them available to different institutions.
Preparing and disseminating statistics on foreign trade according to international standards, preparing and publishing the balance of payments and related tables.
Follow up the price indices, interest rates, fluctuations, exchange rates, and oil prices.
Preparation of research, studies and economic reports and published on the website of the Central Bank of Iraq.
Submit technical proposals in the economic, financial, monetary and banking issues, which are received from various state agencies.
Other tasks assigned to the Department by the Governor or the Board of Directors.
Random News
The Department of Statistics and Research performs its tasks to contribute to the achievement of the goals of the Central Bank of Iraq and the implementation of the objectives of achieving monetary and banking stability and local prices and maintaining an advanced banking system that provides services to the Iraqi population competitively, efficiently and effectively in terms of operations and services and thus contribute to the promotion of development. Sustainable development. In this context, the main tasks of this department are summarized as follows:
Providing advice to the Governor, the Board of Directors and all the Bank's departments regarding issues and developments, while strengthening them with recommendations that help to make sound decisions.
Follow-up macroeconomic developments, in all sectors and activities, and identify the main trends in it.
Prepare the economic model, strengthen economic forecasting, and follow the credibility of the model over time.
Preparing original research, which responds to the problems of the Central Bank, local and international contemporary interests, publishing its results in the magazine of the bank, and enhancing the various sources of information in a sophisticated library.
Contribute to the preparation of monetary policy, determine their direction, and how to use their quantitative and qualitative tools.
Follow up the development of the Central Bank's relations with monetary, banking and financial institutions, Arab and Islamic international.
Collection and dissemination of data on monetary, banking and financial system.
Follow-up of the development of the performance of financial institutions, comprehensive money market, insurance, and funds.
Monitoring the developments of the issued and traded currency, liquidity status, adequacy of bank capital, foreign reserves and capital, preparing studies, research and related reports, and forecasting trends in their developments.
Follow up the monetary developments and financial, local, Arab and international, and show the extent of their impact on the Iraqi economy.
Collect statistical data on economic sectors, classify, analyze, extract and publish their results for the purpose of making them available to different institutions.
Preparing and disseminating statistics on foreign trade according to international standards, preparing and publishing the balance of payments and related tables.
Follow up the price indices, interest rates, fluctuations, exchange rates, and oil prices.
Preparation of research, studies and economic reports and published on the website of the Central Bank of Iraq.
Submit technical proposals in the economic, financial, monetary and banking issues, which are received from various state agencies.
Other tasks assigned to the Department by the Governor or the Board of Directors.
Random News
Value Traded
609,629,805
Shares Traded
529,175,943
ISX ended in Red
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-27-2018 Newshound Guru Walkingstick [If they fall out of 2% compliance do they have to go another 90 Days?] No...In a nut shell...It is an issue. [Guru] Deltas response is accurate, due.. to the fact, the 2% compliance can easily spiral out of control... due to the CBI's continued use of the auction, as a tool/ their limitation of use of the tools available, that can be utilized to reel in or maintain the +/- 2% compliance... [reference Guru Delta's post 8-27-2018]
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207.
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct. [Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct. [Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-26-2018 Newshound Guru MilitiaMan RE: Exchange Rates: ...they are Paring the IQD with Global Currencies. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK. ...They are showing their patrons that they are going to have quotes for the IQD. Well once they change the rate from a program rate the game changes and in a big way, imo.. We have been told that the IQD would go Global... Well here is a venue that supports that they are about to do so. ~ imo ~ https://www.exchangerates.org.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles posted on PM Abadi's website. The latest articles are dated August 24, 2018 and have already been shared.
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ARTICLE 2-A
Republican decree calls for the House of Representatives to convene next Monday
BAGHDAD, Iraq - August 27: President of the Republic Fuad Masum issued a decree calling the House of Representatives to hold its first meeting on Monday.
"According to the provisions of Articles [54] and [73 / IV] of the Constitution and the ratification by the Federal Supreme Court of the final results of the elections, we called upon the elected parliament for the fourth session on Monday 3/9/2018 to preside over the session The oldest member, and implement this decree from the date of its issuance and published in the Official Gazette. "(1)
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ARTICLE 2-B
Al-Maliki's office: Today, Al-Rashid will announce the list of the largest bloc and its affiliated blocs
BAGHDAD - The official of the media office of the leader of the coalition of state law, Nuri al-Maliki said that, on Tuesday, will witness the hall of the good hotel in Baghdad at 6 pm, the official announcement of the alliance of the largest bloc and the names of the blocs affiliated with him after the end of the talks formally .
He said that "the door is still open to all blocs in order to catch up with the alliance and no one is excluded from it, including the alliance led by Moqtada al-Sadr," noting that "the President of the Republic issued a decree earlier in the day called the new members of parliament to hold the first meeting on Next Monday."
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ARTICLE 3
6 years imprisonment for the employee of shares within the fraud ring of stealing about 20 billion dinars
BAGHDAD, Aug 28 (KUNA) - The Justice Ministry announced on Tuesday that the employee (MS), who works as a surveyor in a real estate registry, Gang consisting of employees and citizens are now being prosecuted. "
The ministry said in a statement that "the convicts have fraud on a number of government banks and the General Company for the manufacture of cars and equipment," noting that "the investigations conducted by the Office of the Inspector General of the Ministry of Justice confirmed that the role of the convict is inaccurate and non-fundamental disclosure and overvaluation of the value The real estate used as guarantees against loans granted by the Rasheed Bank for a total value of three transactions amounted to 13 billion and 500 million dinars, and the employee falsified the value of mortgaged property of the Agricultural Bank by five billion dinars, and overvaluation of the value of property used as collateral for a contract with the General Company for the manufacture of For cars and equipment worth five billion and 250 million dinars, while the real value of this property 202 million dinars only, one of the causes of fraud is the poor exploitation of the nature of the work of convicted, as a member of the committees of detection and evaluation of real estate pledged as collateral for banks, .
She concluded that "the Court of Misdemeanors on issues of integrity, money laundering and economic crime issued five sentences to the convicted, totaling 6 years imprisonment, with the retention of the affected departments the right to review civil courts to claim compensation." Finish
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ARTICLE 4
Education will direct the cadres of education for the next year on 10 September
2018/8/28 11:16
[Ayna-Baghdad]
The Minister of Education, Mohamed Iqbal, to start the educational and teaching bodies for the next academic year 2018/2019 on September 10 next.
A statement of his office received the agency of all Iraq [where] a copy of it, "The direct will be except for those charged with the tasks and examinations of the exam and will be connected to deadlines set in advance by the Directorate General for evaluation and examinations and admission to the examination centers."
He added that "the adoption of this timing came in order to allow educational staff to enjoy the Eid holiday and appreciation of their important role and influential in the educational process and educational."
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ARTICLE 5
Beware lipstick!
2018/8/27 23:45
The girls' room is not free of various cosmetics, but they do not realize how dangerous these tools are when their presence is long, and in the following lines you will know their danger to avoid using them.
Lipstick often lasts longer than several months, leading to serious diseases. Bacteria and bacteria begin to attach to the lips to increase the chances of developing lip cancer.
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