WOTS Thursday 10/4/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,175.1000 | 1,175.1000 | 1,175.1000 | | 20:00 |
| USD/VND | | | 23,311.5000 | 23,149.5000 | 23,149.5000 | | 04:15 |
| USD/CNY | | | 6.8679 | 6.8589 | 6.8589 | | 04:15 |
| USD/KWD | | | 0.3034 | 0.3027 | 0.3033 | | 06:28 |
| GBP/USD | | | 1.2992 | 1.2922 | 1.2940 | | 06:44 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 15,380.0000 | 15,068.0000 | 15,139.2000 | | 06:43 |
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DC NY Iraq Articles:dd
Nujaifi confirms his support for Abdul Mahdi and warns: the situation does not tolerate more failure
Date of release: 2018/10/4 12:47 • 33 times scheduled
(Baghdad: al-Furat News) The head of the Iraqi coalition of decision, Osama Najafi, his support for Prime Minister-designate Adel Abdul-Mahdi in the formation of the new government.
A statement of his office received the agency {Euphrates News} a copy of it that Nujaifi "received on Thursday, Kuwait's ambassador to Iraq Salim Ghasab al-Zamanan, and the meeting discussed the brotherly relations that link Iraq to Kuwait as well as the political situation, regional and international."
Nujaifi confirmed during the meeting "his support for Adel Abdul Mahdi in the task of forming a new Iraqi government," expressing "confidence in his personality accepted internally and internationally, and work to help him to achieve change, the situation can not be more failure."
Referring to the election of Barham Saleh as president of the republic, he said that "he is an excellent figure capable of carrying out its great national responsibilities."
Nujaifi stressed that "what is required is to achieve serious changes, which is linked to the cooperation of political forces, the road is not easy, and requires a lot of effort and sacrifice for the citizen."
On the other hand, Nujaifi pointed out that the interest of Iraq requires the removal of international conflicts, and the establishment of broad relations of common interests, and related to the achievement of a revival felt by citizens.
In response to the ambassador's questions about the situation in the city of Mosul, Nujaifi pointed out that "the efforts that should be made to address the tragic situation in Mosul below the required level, and there is a clear neglect, which leaves a negative impact on the citizens of Nineveh, basic services are almost absent, And a national effort is needed to address the situation. "
Nujaifi confirmed during the meeting "his support for Adel Abdul Mahdi in the task of forming a new Iraqi government," expressing "confidence in his personality accepted internally and internationally, and work to help him to achieve change, the situation can not be more failure."
Referring to the election of Barham Saleh as president of the republic, he said that "he is an excellent figure capable of carrying out its great national responsibilities."
Nujaifi stressed that "what is required is to achieve serious changes, which is linked to the cooperation of political forces, the road is not easy, and requires a lot of effort and sacrifice for the citizen."
On the other hand, Nujaifi pointed out that the interest of Iraq requires the removal of international conflicts, and the establishment of broad relations of common interests, and related to the achievement of a revival felt by citizens.
In response to the ambassador's questions about the situation in the city of Mosul, Nujaifi pointed out that "the efforts that should be made to address the tragic situation in Mosul below the required level, and there is a clear neglect, which leaves a negative impact on the citizens of Nineveh, basic services are almost absent, And a national effort is needed to address the situation. "
Al-Jaafari and UN Secretary-General discuss reconstruction of Iraq and return of displaced people
Release date: 2018/10/4 12:38 • 37 times read
{Baghdad: Al-Furat News} Foreign Minister Ibrahim al-Jaafari met with UN Secretary-General Antonio Guterich in the context of the 73rd session of the United Nations General Assembly in New York.
"The meeting reviewed the overall security developments, the political situation in Iraq, the regional and international situation, and the role played by the United Nations in assigning Iraq in all fields," a statement issued by his office said.
"The importance of further efforts, coordination to assist Iraq in reconstruction, the return of displaced families to their areas of residence, support for security and stability," the statement added.
"The importance of further efforts, coordination to assist Iraq in reconstruction, the return of displaced families to their areas of residence, support for security and stability," the statement added.
The arrest of suspects in Baghdad, including counterfeit currency
Date of release: 2018/10/4 12:36 • 28 times read
{Baghdad: Al Furat News} Security forces arrested, accused of terrorism and kidnapping, and arrested accused of theft and forgery in different parts of the capital Baghdad.
"The security forces in the Baghdad Operations Command arrested two terrorist suspects in the areas of Doura and Samadiyah in northeastern Baghdad," a statement issued by the Baghdad Operations Command said.
"Two other suspects were arrested in Abu Dasheer and al-Basateen neighborhoods northeast of Baghdad, while four suspects were arrested in Al-Amil and Ameriya districts," he said.
"While a suspect was arrested for forging foreign currency, he was seized with cash for a fake foreign aunt in the area, the police tunnel."
"Two other suspects were arrested in Abu Dasheer and al-Basateen neighborhoods northeast of Baghdad, while four suspects were arrested in Al-Amil and Ameriya districts," he said.
"While a suspect was arrested for forging foreign currency, he was seized with cash for a fake foreign aunt in the area, the police tunnel."
Abdul Mahdi receives phone call from King of Saudi Arabia
2018/10/04 00:25 399 Editor:
Baghdad today - Baghdad
Prime Minister Adel Abdul Mahdi received on Thursday (October 4, 2018) a telephone call from the King of Saudi Arabia, King Salman bin Abdul Aziz.
"The King Salman bin Abdul Aziz congratulated Abdul Mahdi on the occasion of his mandate to form the Iraqi government," the media office of Abdul Mahdi said in a statement received by "Baghdad today." He hoped "success and conciliation as discussed during the communication ways to enhance bilateral cooperation in various fields "He said.
On Tuesday (October 2, 2018), the PUK candidate Barham Salih was elected President of the Republic of Iraq. Saleh won the second round of voting with 219 votes, while his rival from the Democratic Party Fouad Hussein won only 22 votes.
On Tuesday (October 2, 2018), the former President of the Supreme Council, Adel Abdul Mahdi, was appointed by the elected President of the Republic, Barham Saleh, to form the new government.
The United States confirms its support for Iraq under the new presidency
04 October, 2018
Iraqi President Barham Saleh
US Secretary of State Mike Pompeo confirmed US support for Iraq by telephone with Iraqi President Barham Salih on Wednesday.
According to a press statement congratulated Pompeo President Saleh on his new position, looking forward to work with him.
Read also: The ninth president of Iraq .. Who is Barham Saleh?
He stressed that the United States supports the independence and sovereignty of Iraq, and will continue to support it within the framework of the bilateral labor agreement between the two countries
In numbers, the ports control 98 different violations in September
Release Date: 2018/10/4 9:31 • 42 times read
(Baghdad: Al-Furat News) announced the Border Ports Authority statistics showing the total irregularities registered in the month of September.
According to a statement received by the agency {Euphrates News} a copy of it, "the Department of Operations and plans / Department of research and investigation in the body prepared a statistical showed through the total violations of the month of September 2018, which amounted to 98 cases."
These 98 violations were distributed between "drug trafficking" with 20 attempts, 17 violations of import licenses installed at the Agency's headquarters, 12 arrests of wanted persons, and 3 deportees.
It also included "35 cases of motorcycling" pointing to "coordination with the judicial and judicial bodies to hold accountable the violators."
The border crossings authority explained that "the violations mentioned fall under several other names, including the falsification of import licenses, the absence of trademarks, exceeding the quantity and weight and falsification of receipts in addition to expired goods," asserting "take the fundamental legal procedures for all the above violations."
The border crossings authority explained that "the violations mentioned fall under several other names, including the falsification of import licenses, the absence of trademarks, exceeding the quantity and weight and falsification of receipts in addition to expired goods," asserting "take the fundamental legal procedures for all the above violations."
Baghdad operations: arrest of smuggler of crude oil
Editorial Date: 2018/10/4 13:04 • 44 times read
(Baghdad: al-Furat News) A security force arrested an accused of smuggling crude oil north of the capital Baghdad.
"A force from the commandos commando battalion arrested a defendant who was plotting to smuggle crude oil by offering bribes to the Tigris arm control personnel in the Taji area, north of Baghdad," a statement from Baghdad's commanding command said.
The statement called on "citizens to inform the security forces of such cases that would lose the goods of Iraq, and trade the strength of its people, and abuse of security forces," noting that "the commander of Baghdad operations, ordered the honor of the force that arrested the accused."
The statement called on "citizens to inform the security forces of such cases that would lose the goods of Iraq, and trade the strength of its people, and abuse of security forces," noting that "the commander of Baghdad operations, ordered the honor of the force that arrested the accused."
Kauaihn Iraq Articles:dd
Fouad Masoum delivers Barham Saleh to the presidency of Iraq
Thursday, October 4, 2018, corresponding to 24 Muharram 1439
Iraq's outgoing president Fuad Masum handed over power to his successor, Barham Salih, at an official ceremony at the Presidential Palace of Peace in Baghdad on Wednesday (October 3rd).
Saleh received an official reception upon his arrival at the palace where he briefly met with Masoum.
The Iraqi parliament elected the veteran Kurdish politician after the political stalemate continued for months. Saleh was elected with the approval of 219 of the 329 members of parliament.
The Iraqi constitution gives the president 15 days to call a candidate for the largest parliamentary bloc to form a government, but Saleh, 58, chose to do so less than two hours after his election.
Abdelmahdi, 76, now has 30 days to form a government and submit it to parliament for approval.
Since the overthrow of Saddam Hussein in 2003 in the US-led invasion, power in Iraq has been shared among the country's three largest ethnic and sectarian components.
The prime minister's post is reserved for a Shi'ite Arab, while the speaker is a Sunni Arab and the presidency is Kurdish. During his swearing-in, Saleh vowed to protect Iraq's unity and integrity.
What plan "B" will be used by Abdul Mahdi in the event of pressure
Thursday, October 4, 2018
Alsumaria News / Baghdad
A source familiar with the situation, on Thursday, that the Prime Minister-designate government, Adel Abdul Mahdi, will resort to the plan "B" in case of pressure on the formation of the government.
A source familiar with the situation, on Thursday, that the Prime Minister-designate government, Adel Abdul Mahdi, will resort to the plan "B" in case of pressure on the formation of the government.
"Adel Abdul Mahdi is seeking to form a government from outside the political parties and not bow to pressure," the site quoted the source as saying that "he rejects any candidate provided by these parties, and rely on competencies from outside the political system."
The source added that "Abdul Mahdi, who submitted resignations from several previous positions, made it a pressure card on the politicians, the plan (B), adding that" he can resign easily if he is under severe pressure from the parties, to accept their candidates to receive certain ministries. "
The source said that "this step makes a point of strength of Abdul Mahdi, a weak point for the political blocs that will search for a compromise candidate with the qualities of Abdul Mahdi is difficult at the present time."
The Gulf newspaper revealed on Thursday that the dialogues of the Prime Minister in charge of forming a government, Adel Abdul Mahdi, with the blocks on the government is not easy, indicating that there are several reasons, including the sinking between Shiites, Sunnis and Kurds.
King of Jordan affirms his keenness to strengthen relations between the two countries
Editorial Date: 2018/10/4 11:41 • 62 times read
{{Al-Furat News} Jordan's King Abdullah II sent a cable of congratulations to President Barham Salih with the confidence of the House of Representatives on his election as President of the Republic of Iraq.
The King stressed Jordan's keenness to continue strengthening and strengthening the relations of cooperation between the two brotherly countries and to continue coordination and consultation on various issues of common concern.
He expressed his wishes to President Barham Salih for his health and wellness and for the brotherly Iraqi people to realize their aspirations for progress, progress and prosperity. "
He expressed his wishes to President Barham Salih for his health and wellness and for the brotherly Iraqi people to realize their aspirations for progress, progress and prosperity. "
Abdul Mahdi and Hariri discuss telephone cooperation between Iraq and Lebanon
Editorial Date: 2018/10/4 8:30 • 174 times read
(Baghdad: Al-Furat News) Prime Minister-designate Adel Abdul-Mahdi received a telephone call from Lebanese Prime Minister Saad al-Hariri to congratulate him on his appointment to form the Iraqi government and wish him success.
A statement from the office of Abdul-Mahdi received the agency {Euphrates News} a copy of it, "During the contact discussed bilateral cooperation between the two countries and ways to strengthen them in various fields."
Barzani's party accuses the Shiite and Sunni parties of "repudiating" their agreement to support Fuad Hussein
2018/10/04 12:50 165 Editor: nn
Baghdad today - Baghdad
The Kurdistan Democratic Party (KDP) accused the Shiite and Sunni parties of "repudiating" their agreement to support its candidate for president, Fuad Hussein.
"We have been hit by the Shiite and Sunni parties that promised to support our candidate, but they retreated during the voting session," MP Said Said said in an interview with Baghdad. "These parties used to veto agreements."
He added that "the Democratic Party no longer has the confidence of the rest of our partners in the political process," pointing out that "what happened in the parliament meeting violates all forms of consensus and balance advocated by the leader of the Kurdistan Democratic Party Massoud Barzani, and this is not a good start for the next phase.
The Iraqi parliament was elected on Tuesday (2 October 2018), the candidate of the Patriotic Union of Kurdistan Barham Saleh, President of the Republic of Iraq, where Saleh won the second round of voting 219 votes, while his rival from the Kurdistan Democratic Party, Fuad Hussein, 22 votes Just.
Iraq plans to buy a Gulf bank
04/10/2018
(Reuters) - The Iraqi Trade Bank (EBI) has held talks to buy a Gulf bank with branches in the United Arab Emirates and Qatar as part of a strategy to boost its revenues outside its domestic market, while it has finished preparations to open a branch in Saudi Arabia. (Reuters) - The Iraqi Trade Bank (EBI) has held talks to buy a Gulf bank with branches in the United Arab Emirates and Qatar as part of a strategy to boost its revenues outside its domestic market, while it has finished preparations to open a branch in Saudi Arabia.
Chairman of the Board of Directors of the Iraqi Bank, Faisal Al-Hims, said that the talks are underway, and that the purchase is expected to be completed within six to eight months, did not disclose the name of the bank. Chairman of the Board of Directors of the Iraqi Bank, Faisal Al-Hims, said that the talks are underway, and that the purchase is expected to be completed within six to eight months, did not discriminate the name of the bank.
This comes after the Iraqi Trade Bank said in August that it had suspended plans to buy a commercial bank in Turkey due to the lira depreciation. This comes after the Iraqi Trade Bank said in August that it had suspended plans to buy a commercial bank in Turkey due to the lira depreciation.
The Iraqi government-owned bank, with assets of about $ 20 billion, contributes about 80 percent of Iraq's trade finance activities. The Iraqi government-owned bank, with assets of about $ 20 billion, contributes about 80 percent of Iraq's trade finance activities.
The Iraqi Trade Bank plans to open its first branch in Saudi Arabia in the first quarter of 2019 after obtaining the necessary approvals. The Iraqi Trade Bank plans to open its first branch in Saudi Arabia in the first quarter of 2019 after obtaining the necessary approvals.
He said the branch will focus on trade finance, but will also do some corporate banking activities. The Riyadh branch will have about 45 employees. He said the branch will focus on trade finance, but will also do some corporate banking activities. The Riyadh branch will have about 45 employees.
"Trade between the two countries is growing strongly and could double by 2019." Trade between Iraq and Saudi Arabia currently stands at about $ 1 billion. "Trade between the two countries is growing strongly and could double by 2019." Trade between Iraq and Saudi Arabia currently stands at about $ 1 billion.
The Iraqi Trade Bank has 25 branches in Iraq and a representative office in Abu Dhabi. The Iraqi Trade Bank has 25 branches in Iraq and a representative office in Abu Dhabi.
Homs is in Abu Dhabi to sign a 100 million euro ($ 115.5 million) loan deal with Comverse Bank, which will allow him to support small and medium-sized enterprises in Iraq. Homs is in Abu Dhabi to sign a 100 million euro ($ 115.5 million) loan deal with Comverse Bank, which will allow him to support small and medium-sized enterprises in Iraq.
The bank said in a statement that it aims to support public and private sector projects, and that the focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries. The bank said in a statement that it aims to support public and private sector projects, and that the focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries.
The Bank continues to look for other opportunities to develop and enhance its revenues, which amounted to $ 757 million in 2017. The Bank continues to look for other opportunities to develop and enhance its revenues, which is adjusted to $ 757 million in 2017.
"This year, because of the diversity of our activities from trade finance alone, to retail and investment banking, we expect higher revenues," he said. "This year, because of the diversity of our activities from trade finance alone, to retail and investment banking, we expect higher revenues," he said.
Last week, the bank launched an investment fund in Iraq targeting corporate clients and individuals with high financial solvency. Last week, the bank launched an investment fund in Iraq targeting corporate clients and individuals with high financial solvency.
The $ 25 million fund will increase to $ 100 million to target investors across the Gulf region, he said. The $ 25 million fund will increase to $ 100 million to target investors across the Gulf region, he said.
He said the bank was in talks with Iraq's state oil marketing company to set up hedging facilities for Iraq over oil price fluctuations. He said the bank was in talks with Iraq's state oil marketing company to set up hedging facilities for Iraq over oil price fluctuations
Chairman of the Board of Directors of the Iraqi Bank, Faisal Al-Hims, said that the talks are underway, and that the purchase is expected to be completed within six to eight months, did not disclose the name of the bank. Chairman of the Board of Directors of the Iraqi Bank, Faisal Al-Hims, said that the talks are underway, and that the purchase is expected to be completed within six to eight months, did not discriminate the name of the bank.
This comes after the Iraqi Trade Bank said in August that it had suspended plans to buy a commercial bank in Turkey due to the lira depreciation. This comes after the Iraqi Trade Bank said in August that it had suspended plans to buy a commercial bank in Turkey due to the lira depreciation.
The Iraqi government-owned bank, with assets of about $ 20 billion, contributes about 80 percent of Iraq's trade finance activities. The Iraqi government-owned bank, with assets of about $ 20 billion, contributes about 80 percent of Iraq's trade finance activities.
The Iraqi Trade Bank plans to open its first branch in Saudi Arabia in the first quarter of 2019 after obtaining the necessary approvals. The Iraqi Trade Bank plans to open its first branch in Saudi Arabia in the first quarter of 2019 after obtaining the necessary approvals.
He said the branch will focus on trade finance, but will also do some corporate banking activities. The Riyadh branch will have about 45 employees. He said the branch will focus on trade finance, but will also do some corporate banking activities. The Riyadh branch will have about 45 employees.
"Trade between the two countries is growing strongly and could double by 2019." Trade between Iraq and Saudi Arabia currently stands at about $ 1 billion. "Trade between the two countries is growing strongly and could double by 2019." Trade between Iraq and Saudi Arabia currently stands at about $ 1 billion.
The Iraqi Trade Bank has 25 branches in Iraq and a representative office in Abu Dhabi. The Iraqi Trade Bank has 25 branches in Iraq and a representative office in Abu Dhabi.
Homs is in Abu Dhabi to sign a 100 million euro ($ 115.5 million) loan deal with Comverse Bank, which will allow him to support small and medium-sized enterprises in Iraq. Homs is in Abu Dhabi to sign a 100 million euro ($ 115.5 million) loan deal with Comverse Bank, which will allow him to support small and medium-sized enterprises in Iraq.
The bank said in a statement that it aims to support public and private sector projects, and that the focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries. The bank said in a statement that it aims to support public and private sector projects, and that the focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries.
The Bank continues to look for other opportunities to develop and enhance its revenues, which amounted to $ 757 million in 2017. The Bank continues to look for other opportunities to develop and enhance its revenues, which is adjusted to $ 757 million in 2017.
"This year, because of the diversity of our activities from trade finance alone, to retail and investment banking, we expect higher revenues," he said. "This year, because of the diversity of our activities from trade finance alone, to retail and investment banking, we expect higher revenues," he said.
Last week, the bank launched an investment fund in Iraq targeting corporate clients and individuals with high financial solvency. Last week, the bank launched an investment fund in Iraq targeting corporate clients and individuals with high financial solvency.
The $ 25 million fund will increase to $ 100 million to target investors across the Gulf region, he said. The $ 25 million fund will increase to $ 100 million to target investors across the Gulf region, he said.
He said the bank was in talks with Iraq's state oil marketing company to set up hedging facilities for Iraq over oil price fluctuations. He said the bank was in talks with Iraq's state oil marketing company to set up hedging facilities for Iraq over oil price fluctuations
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GLOBAL/NEWS/INFO
Today in History
Today is Wednesday, Oct. 3, the 276th day of 2018. There are 89 days left in the year.
https://www.washingtonpost.
Morning Brief: Trump family transactions under scrutiny
Yahoo Finance
Yahoo Finance
Top news and what to watch in the markets on Wednesday, October 3, 2018. Read the full story
The super-rich are stockpiling wealth in black-box charities
Bloomberg
Bloomberg
It’s all the rage in charitable giving -- and it’s actually got some charities worried. Donor-advised funds — money that grows tax-free in individual accounts — are reshaping the landscape of U.S. philanthropy. After creating their account, donors choose how it’s invested, and the money compounds until they decide where to dole it out. DAF assets mushroomed to more than $85 billion at the end of 2016 from $30 billion in 2010. Not everyone thinks that’s good news. Critics say the approach may Read the full story
5 tips to organizing your finances this fall
Yahoo Finance
Andrea Woroch, a consumer finance expert, shares her 5 tips on how to get your finances back on track this fall. Read the full story
OIL/COMMODITIES/ENERGY
Gold prices hit over 1-week high on soft dollar
Livemint
Bengaluru: Global gold prices hit highest in more than a week on Wednesday as the dollar softened and demand for the safe-haven metal got a boost on concerns surrounding Italy’s plans to tackle budgetary deficit. Risk appetite was hit after European Union (EU) officials expressed concerns about Italy’s budget plan, which would widen the deficit significantly. The deficit blowout revived fears of the eurozone debt crisis. However, the debt fears were tempered on reports that Italy will cut its Read the full story
A rally in gold prices puts it on the verge of breaching a bullish line in the sand for the first time in nearly 7 months
MarketWatch
MarketWatch
Gold futures Tuesday afternoon were enjoying some genuinely bullish momentum for the first time in months, with a surge in the yellow metal taking prices near a 5-week high and potentially toward its first close above its 50-day moving average since late April. December gold was up $16.30, or 1.4%, at $1,208.10 an ounce. A settlement around this level would be the highest since Aug. 29. Moreover, a close above $1,207.44 an ounce would represent the first time a most-active contract has closed Read the full story
Gold Back Above $1,200 on Safe-Haven Bids Tied to Italy
Investing.com
Gold returns to above $1,200. Read the full story
A rally in gold prices puts it on the verge of breaching a bullish line in the sand for the first time in nearly 7 months
MarketWatch
Gold futures Tuesday afternoon were enjoying some genuinely bullish momentum for the first time in months, with a surge in the yellow metal taking prices near a 5-week high and potentially toward its first close above its 50-day moving average since late April. December gold was up $16.30, or 1.4%, at $1,208.10 an ounce. A settlement around this level would be the highest since Aug. 29. Moreover, a close above $1,207.44 an ounce would represent the first time a most-active contract has closed Read the full story
Gold futures climb back above $1,200 to settle at a nearly 2-week high
MarketWatch
Gold pricesclimbed back above $1,200 an ounce on Tuesday to settle at a nearly two-week high, with concerns surrounding Italy's budget deficit prompting some haven demand for the precious metal. December gold rose $15.30, or 1.3%, to settle at $1,207 an ounce. That was the highest finish since Sept. 20 for a most-active contract, according to FactSet data. Read the full story
Oil Prices Mixed as U.S. Crude Stock Rises
Investing.com
Investing.com
US crude dips 7 cents, settling at $75.23, near 4-year high as Iran sanctions loom
Oil prices dipped on Tuesday but remained near their highest since November 2014 as markets braced for tighter supply once U.S. sanctions against Iran kick in next month.
BANKS/BANKING/CREDIT
14 European Banks Complete First Phase Of Blockchain TrialDollar Destruction | Dollar Destruction
Dollar Destruction
A group of European banks led by the Associazione Bancaria Italiana (ABI) have completed the first tests in a blockchain trial for interbank reconciliations. In one of a number of inter- and intra-bank blockchain pilots and projects happening around the world, Italy is ready to take the next step in their interbank blockchain reconciliation project. Since first revealing the project a few months ago, 14 European banks have loaded two months of “real data” onto a Corda-based blockchain network. Read the full story
How Wells Fargo Is Dealing With Its Fake Accounts Scandal
FORTUNE
Wells Fargo's Mary Mack speaks about the company's fake accounts scandal at Fortune's 2018 Most Powerful Women Summit. Mary Mack, a senior executive vice president at Wells Fargo who heads Community Banking and Consumer Lending at the bank, compares her past two years at the company to being in a “hurricane.” She took the job in the summer of 2016, three weeks before the Wells Fargo phony accounts scandal—in which bank employees created millions of unauthorized bank and credit card Read the full story
Wells Fargo Mobilizes to Help North Carolina Customers Impacted by Hurricane Florence
Global Banking & Finance Review
Wells Fargo & Company (NYSE: WFC) today announced it has deployed Mobile Response Units to Source Read the full story
Top regulator for Wells Fargo says not satisfied with the bank
Reuters
Wells Fargo & Co has not satisfied U.S. regulators that the bank is doing enough to pay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday. Read the full story
What is a big bank? Fed reconsiders standards: Report
Fox News
President Trump signed a bill in May scaling back some post-financial crisis regulations. Read the full story
International banks are key to American economic success
The Hill
The federal government should not lose sight of the domestic benefits that international banks provide. Read the full story
These fees could devour more than $369,000 over your lifetime
A slate of fees are siphoning off your wealth, and you aren't doing enough to avoid them, according to a new study from NerdWallet. Here's how to slash those expenses.
Read more: https://www.cnbc.com/2018/10/
Bank of America Premium Rewards Credit Card Review
The Points Guy
The Points Guy
Here’s the link to apply now for the Bank of America Premium Rewards credit card with a 50,000-point bonus. The credit card space has been on fire in the past few years, especially with the launch of the Chase Sapphire Reserve in 2016. Then a year ago, the Bank of America Premium Rewards credit card was introduced, and it remains one of the best mid-tier entrants in the market that I’ve seen for fixed-value points that can be redeemed for cash back. This card isn’t like other products that have Read the full story
You should be taking advantage of these 3 secret credit card hacks
Ramit Sethi shares 3 unknown credit card hacks you can use to save money.
What to Know About Freezing and Unfreezing Your Credit
lifehacker
Now that the three main credit bureaus are required to offer you free credit freezes, there are a few things to keep in mind. Read the full story
Visa program for wealthy reauthorized: What to know
Fox Business
The program was set to expire at the end of September. Read the full story
These fees could devour more than $369,000 over your lifetime
CNBC
A slate of fees are siphoning off your wealth, and you aren't doing enough to avoid them, according to a new study from NerdWallet. Here's how to slash those expenses. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on Wednesday
Investing.com
© Reuters. Top 5 things to know in the market on Wednesday Read the full story
This Stock Market Trend Has Only Happened 5 Times Before. It's Almost Always Good News
Money
The market is on a six-month streak. Read the full story
These stocks should be booming during this historic bull market, but instead some are down 40%
CNBC
In one of Wall Street's starkest divergences, the shares of big asset managers have been trampled during this year's bull run. Read the full story
'US Treasury yields slip after major Fed remarks
U.S. government debt yields fell Tuesday after speeches from Federal Reserve Chair Jerome Powell and Vice Chair Randal Quarles.
Read more: https://www.cnbc.com/2018/10/
World's Best Investor Tips for World Investor Week
The Motley Fool
Even if you're a seasoned investor, now is a good time to brush up on the basics -- or learn something new and valuable. Read the full story
Why Another Market Volatility Surge Is Likely Ahead
Forbes Magazine
While it may seem like all is well as the stock market climbs to new highs, several reliable indicators are warning that another powerful volatility surge is likely ahead. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Blow To Bitcoin As U.S. Investment Trust Tanks
Forbes Magazine
Forbes Magazine
Bitcoin has been struggling in 2018, losing more than 60% of its value so far this year after 2017's massive bull run, and the only bitcoin investment trust in the U.S. is doing even worse... Read the full story
Who Will Buy Puerto Rico-Based Noble International Crypto Bank Amidst Firm ShakeupsDollar Destruction | Dollar Destruction
Dollar Destruction
Dollar Destruction
Who Will Buy Noble International? There are several reports around that Noble International, a financial service based in Puerto Rico, is searching for a buyer. According to a report from The Block Crypto, which reached several sources from the industry, the company is indeed looking for buyers at this moment, mainly because it has lost many important clients recently. The company, which provides tech for crypto and OTC markets, is been searching for a buyer for months, according to the reports. Read the full story
$8 billion valuation of Coinbase proves cryptos are not 'tulips': Michael Novogratz
CNBC
Coinbase, the leading U.S. cryptocurrency trading platform, has reportedly been valued at billions of dollars and that's a bullish sign for the industry's legitimacy, according to former Fortress hedge fund manager Michael Novogratz. Read the full story
'Bitcoin Bug' Exploited on Crypto Fork as Attacker Prints 235 Million Pigeoncoins
CoinDesk
Using a major bug found and fixed on bitcoin last month, an attacker was able to print 235 million coins on "pigeoncoin." Read the full story
This company will enable you to earn interest on your cryptocurrency
MarketWatch
A San Francisco-based company develops a platform that will create an interest-rate for cryptocurrencies. Read the full story
Bitcoin Is About To Move -- But In Which Direction?
Forbes Magazine
Bitcoin is about to move and move definitively. Guessing the direction is another challenge but timing is more important than direction because if you know something is going to reprice you can jump on the change when it happens. Read the full story
This company will enable you to earn interest on your cryptocurrency
MarketWatch
A San Francisco-based company develops a platform that will create an interest-rate for cryptocurrencies. Read the full story
CURRENCIES
Dollar near one-month high as Italy woes take toll on euro
Business Insider
FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez Thomson Reuters By Shinichi Saoshiro TOKYO (Reuters) - The dollar stood near a one-month high against its peers on Wednesday as concerns as political wrangling over Italy's budget plan rattled market sentiment and weighed on the euro. The greenback rose as the euro slumped after a senior Italian lawmaker said most of the country's problems would be solved if it returned to a national Read the full story
Euro weakens to 6-week low; Italian concerns weigh
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy's ruling parties said most of the country's problems would be resolved if it readopted a national currency.
Forex - Euro Pares Losses after Hitting 6-Week Low
Investing.com
© Reuters. Euro trims losses after hitting 6-week low on Italy worries Read the full story
Forex - Euro Bounces Higher on Italy Budget Reports, Dollar Softer
Investing.com
Investing.com
© Reuters. Euro bounces on Italy budget reports, dollar softer Read the full story
India's rupee sinks to record lows. Its central bank isn't expected to save it
CNBC
CNBC
The record weakening of the rupee this year is unlikely to slow — even if India's central bank hikes its rate this week, experts say. Read the full story
Australian Dollar Delivers Rate Cut Central Bank Can’t Provide
Bloomberg
Australia’s currency is set to head even lower as local interest rates fall further behind U.S. levels, delivering a dose of stimulus the central bank has long sought but been reluctant to provide itself. The RBA’s cash rate is now 75 basis points below the Federal Reserve target, the widest gap since 35 years ago when the Aussie dollar was first floated. The differential is only set to grow as the U.S. keeps tightening and Australia stays on hold at a record low 1.5 percent -- which markets and Read the full story
Forex - Dollar, Yen Falls as Italy Revises Budget Plans
Investing.com
Investing.com
The U.S. dollar and the Japanese yen fell on Wednesday Read the full story
Dirty money: Your notes and coins are 'crawling with up to 19 bugs'
Daily Mail
Daily Mail
Our banknotes, coins, purses, pockets and wallets are mostly contaminated by bugs associated with people failing to wash their hands properly after going to the toilet. Read the full story
INSURANCE / HEALTH / SCIENCE
ALS drug may help treat prostate cancer
SCIENMAG
Researchers have discovered a new use for an old drug as a potential treatment for prostate cancer. The findings are published in the journal The Prostate. Since the 1940s, androgens have been linked.. Read the full story
Study Resolves Decades-Long Mystery About the Most Commonly Mutated Gene in Cancer
Dana-Farber Cancer Institute
The most commonly mutated gene in cancer has tantalized scientists for decades with the message of its mutations. Although mutations can occur at more than 1,100 sites within the TP53 gene, they arise with greatest frequency at a handful of points dubbed “hot spots.” Does this imbalance suggest that hotspot mutations are especially conducive to... Read the full story
Why experts say you need to get a flu shot this year
BuzzFeed News
All of your flu shot questions, answered. Read the full story
I Thought I Had the Flu—but It Turned Out to Be Sepsis
Health.com
This dangerous infection robbed Amanda Flores of her arms and legs. Here, she recalls the flu-like symptoms that progressed until she was near death, and her hard-won fight to adjust to her new normal as a quadruple amputee. Read the full story
10 Side Effects of Antibiotics–and What to Do About Them
Health.com
Some, like nausea and diarrhea, are common, while others are rare but dangerous. Here's what to watch out for. Read the full story
[Tonight, Fall Asleep Instantly With This Breathing Trick
POPSUGAR
POPSUGAR
Plagued by anxiety night after night? Relying on over-the-counter meds? Just not getting the sleep your body requires? If any of this sounds all too familiar, this breathing trick will help you get to bed sooner — no prescriptions required.The exercise is called the 4-7-8 technique, and Dr. Andrew ... Read the full story
Feds testing water at Texas park after man dies from brain-eating amoeba
ABC News
Fabrizio Stabile, 29, died on Sept. 21st after becoming sickened by the rare brain infection once he returned from the Texas water park. Read the full story
USA / CANADA
Federal Reserve prepares for next crisis, bets it will begin like the last
Reuters
The Federal Reserve painted a picture of the U.S. economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years. Read the full story
New trade deal unites US allies against China: Kevin Hassett
Fox News
China is feeling the pressure, the White House official said. Read the full story
An under-the-radar provision in the US, Mexico, Canada trade deal looks like a direct shot at China
Business Insider
The US, Canada, and Mexico reached a preliminary agreement on an update of the North American Free Trade Agreement (NAFTA), which will be called the US-Mexico-Canada Agreement (USMCA). The deal also includes a small provision that could make it more difficult for members to make free-trade deals with China. The deal could also free up President Donald Trump to escalate the trade war with Beijing. While Sunday night's agreement between the US and Canada marked an important step forward for North Read the full story
Economists Expect the Next Recession to Hit by 2021
FORTUNE
Two-thirds of business economists in the U.S. expect a recession to begin by the end of 2020, while a plurality of respondents say trade policy is the greatest risk to the expansion, according to a new survey. About 10 percent see the next contraction starting in 2019, 56 percent say 2020 and 33 percent said 2021 or later, according to the Aug. 28-Sept. 17 poll of 51 forecasters issued by the National Association for Business Economics on Monday. Forty-one percent said the biggest downside risk Read the full story
EMERGING MARKETS
Why investors should eye emerging markets
Fox News
Fox News
Morgan Creek Capital Management CEO Mark Yusko discusses why investors should keep a close eye on emerging markets. Read the full story
BlackRock sees opportunity in emerging markets for the fourth quarter
CNBC
BlackRock strategists favor U.S. stocks but see opportunities in emerging markets as the final quarter of the year begins. Read the full story
Why investors should eye emerging markets
Fox News
Morgan Creek Capital Management CEO Mark Yusko discusses why investors should keep a close eye on emerging markets. Read the full story
Vale, BHP reach final deal with prosecutors over Brazil disaster
Business Insider
Business Insider
An Australian and a Brazilian flags are pictured on the entrance of the mine operator Samarco owned by Vale SA and BHP Billiton Ltd in Mariana Thomson Reuters SAO PAULO (Reuters) - Brazilian prosecutors in Minas Gerais state said on Tuesday they reached a final compensation deal with mining companies Samarco, Vale and BHP Billiton regarding the dam burst in Mariana, Brazil's largest ever environmental disaster. According to a statement from Mariana prosecutors released late on Tuesday, the deal Read the full story
MIDDLE EAST
Iraq: Parliament elects Barham Salih as new president
Aljazeera
Iraq's lawmakers have elected veteran Kurdish politician Barham Salih as the country's new president, the state television reports. Barham is a former prime minister of the Kurdistan Regional Government of Iraqi Kurdistan and a former deputy prime minister of the Iraqi federal government. Widely seen as a moderate, Salih was chosen on Tuesday... Read the full story
Iraq names new president and premier, ending deadlock
Reuters
Iraq's parliament on Tuesday elected as president Kurdish politician Barham Salih, who immediately named Shi'ite Adel Abdul Mahdi prime minister-designate, ending months of deadlock after an inconclusive national election in May. Read the full story
Trump: I told Saudi king he wouldn't last without U.S. support
Reuters
Reuters
President Donald Trump made an undiplomatic remark about close ally Saudi Arabia on Tuesday, saying he warned Saudi Arabia's King Salman he would not last in power "for two weeks" without the backing of the U.S. military. Read the full story
Everyone washes their hands as Gaza's economy goes into 'freefall'
Mondoweiss
Mondoweiss
The moment long feared is fast approaching in Gaza, according to a new report by the World Bank. After a decade-long Israeli blockade and a series of large-scale military assaults, the economy of the tiny coastal enclave is in “freefall”. Read the full story
UNRWA pulls some staff from Gaza amid threats
CNN
The United Nations agency responsible for looking after Palestinian refugees has pulled some of its international staff out of Gaza, amid threats and ongoing protests against the agency as its faces a multimillion-dollar shortfall. Read the full story
Egypt launches new national manufacturing progamme
Mubasher
Cairo - Mubasher: The Egyptian program to support local manufacturing aims at bridging the gap in the country’s trade balance between exports and imports, according to the minister’s assistant for small and micro industries, Hossam Farid. The … Read the full story
Citigroup plans to grow offshore booking center in UAE: executive
Business Insider
The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto Thomson Reuters By Tom Arnold and Davide Barbuscia DUBAI (Reuters) - Citigroup plans to boost the United Arab Emirates' role as an offshore booking center and is working towards a full banking license in Saudi Arabia, helping to propel its regional growth, a senior executive told Reuters. Growth in the Middle East and Africa region is expected to be above the market average of around four percent in 2018 and Read the full story
AFRICA
Hilton to double hotels in Africa in next five years: CEO
Reuters
Reuters
Hilton Worldwide Holdings plans to more than double its hotels in Africa in the next five years by mainly striking deals with existing hotels for conversion into its brand, its chief executive said. Read the full story
Zimbabwe: Govt Re-Introduces Foreign Currency Accounts
AllAfrica
AllAfrica
(Photo: The Herald) Reserve Bank of Zimbabwe governor John Mangudya was curiously silent on Bond Notes as he delivered his monetary policy review this Monday and directed banks to open separate foreign currency accounts. Analysts had hoped the governor would address resurgent inflationary pressures as well as clarify the bank's position the bond after finance minister Prof Mthuli Ncube - in opinion articles published before he took the treasury job - indicated that the surrogate currency should Read the full story
Zimbabwe: Mixed Feelings Over the Monetary Policy
AllAfrica
(Photo: Arthur Chatora) Analyst have expressed mixed feelings on the mid term monetary review which was released by the Reserve Bank of Zimbabwe yesterday. In an interview with 263Chat,Vincent Musewe an Economist and political commentator has welcomed the direction for banks to create nostro accounts for foreign currency transactions (nostro FCAs), which will run separately from existing bank accounts, now limited to RTGS (real time gross settlement) transactions and bond notes only saying it Read the full story
Zimbabwe's economic reforms aim for GDP growth of 5 pct
FurtherAfrica
Zimbabwe sees faster GDP growth but budget deficit could hobble economy Read the full story
Zimbabwe: Govt Fast-Tracks Clearance of External Debt Arrears
AllAfrica
GOVERNMENT is pressing ahead with the process of re-engaging international partners and creditors as it seeks to clear its arrears on the external debt, Finance and Economic Development Minister, Professor Mthuli Ncube has said. A announcing a cocktail of measures to boost the economy in Harare yesterday, he acknowledged that Zimbabwe owes a number of international financial institutions such as the International Monetary Fund (IMF), the World Bank, the African Development Bank (AfDB) and the Read the full story
Zimbabwe: Economy to Grow 6,3% - Minister
AllAfrica
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the economy will grow by 6,3 percent this year as signs of recovery continue to show, albeit at a slow pace. Prof Ncube said this yesterday in Harare while announcing far-reaching fiscal measures to reverse fiscal disequilibrium in the economy. The 2017 National Budget had primed the economy to grow by between 4,5 percent and 4,8 percent. "The economy is showing signs of recovery albeit with a number of challenges Read the full story
Zimbabwe: Agritrade Surpasses Target
AllAfrica
TOBACCO contracting firm, Agritrade Leaf Tobacco (ALT), has surpassed its own target of contract farmers and has so far contracted 6 500 tobacco farmers and is now in the process of formalising the contracts with the Tobacco Industry Marketing Board (TIMB). The firm had in June announced that it was targeting 5 000 farmers on the back of its best season -- 2017-18 -- which saw them selling 3, 4 million kgs and earning $7,9 million at an average price of $2,32 per kg. The firm mainly deals with Read the full story
Zimbabwe: Govt Secures U.S.$500 Million Nostro Stabilisation Guarantee Facility
AllAfrica
(Photo: The Herald) Government is finalising discussions with the African Export-Import Bank (Afreximbank) towards a US$500 million Nostro Stabilisation Guarantee Facility (NSGF) to provide Nostro FCA holders with assurance that foreign currency shall be available when required by the account holders, the Reserve Bank of Zimbabwe (RBZ) has revealed. Addressing stakeholders at the RBZ offices in Harare on the mid term monetary review yesterday RBZ Governor, John Mangudya, said the NSGF will be in Read the full story
ASIA
Asian shares ease, euro near six-week lows on Italian woes; gold jumps
Business Insider
Business Insider
FILE PHOTO: A man stands in front of an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo Thomson Reuters By Swati Pandey SYDNEY (Reuters) - Asian shares ticked lower on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set it on a collision course with the European Union. Japan's Nikkei <.N225> eased 0.1 percent on a stronger yen while South Korea's KOSPI index <.KS11> slipped 1.3 percent. Australian shares <.AXJO> were a Read the full story
Secretary of State Pompeo heads to North Korea for nuclear talks
U.S. Secretary of State Mike Pompeo is heading back to North Korea for another round of talks aimed at getting Kim Jong Un to give up nuclear weapons.
Pompeo to visit China Monday
Reuters
U.S. Secretary of State Mike Pompeo will travel to China on Monday, Chinese State Television reported on Wednesday, citing a Chinese Foreign Ministry spokeswoman, with the two countries embroiled in an escalating trade war. Read the full story
Thailand disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events
South China Morning Post
The Southeast Asian country’s economy is heavily reliant on holidaymakers, which is why the slump in arrivals from its biggest tourism market is worrying Read the full story
EUROPE
The Latest: UK's May: No-deal Brexit will be tough at first
ABC News
Prime Minister Theresa May says leaving the European Union without a divorce deal would be "tough at first" for Britain, and "a bad outcome" for both sides Read the full story
Brexit uncertainty weighs heavily on UK services firms growth in September, new survey finds
The Independent
Brexit uncertainty continued to weigh heavily on services firms in September, according to the latest Purchasing Managers’ Index survey. Read the full story
Cabinet demands May 'sets a date to quit as Prime Minister'
Daily Mail
Theresa May is under pressure from ministers to set a timetable for her departure, it was claimed last night. Sources said it was a question of ‘when not if’ she resigns as Prime Minister. Read the full story
For Italy, the euro is ‘unrenouncable,’ its prime minister reassures
MarketWatch
With Italy and the European Union already in a war of words over Rome’s budget plans, the country’s prime minister on Tuesday insisted the country’s commitment to the shared currency. Read the full story
Is Italy the new Greece? These 6 charts explain why Italy is rattling markets
Business Insider
An Italian Army parachutist hoists the Italian flag during the Republic Day military parade in Rome Reuters Investors today are breathing a sigh of relief after Italy reportedly bowed to European Union pressure and lowered its budget target. **What's going on? To say it's been a tumultuous few days in the eurozone's third largest economy would be somewhat of an understatement. It all started last week, when Italy submitted its spending plans to the EU. The budget came as a shock: the countryRead the full story
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 10/4/18 did update on the indicative rates Sell Rate 1190
The currency auction is 188,377,439
There is 1 news and announcements and 2 Bank articles from Ency Iraq
1. Updating data
To / Companies to mediate the sale and purchase of all foreign currencies (update data).
October 04, 2018 to / Companies to broker the sale and purchase of all foreign currencies (update data)
To / Companies to mediate the sale and purchase of all foreign currencies (update data).
October 04, 2018 to / Companies to broker the sale and purchase of all foreign currencies (update data)
Bank Articles from Encyclopedia Iraq:
The opening of a bank is the first of its kind in Iraq
Date of release: 2018/10/4 11:47 • 627 times read
(Baghdad: Al Furat News) opened the governor of the Central Bank of Iraq Ali Mohsen Alalak Hamorabi commercial bank {Aljseri} in a move is the first of its kind in Iraq.
"The experience of the Hamorabi Bank, which is the largest bank of the central bank, will be a model for other banks," Al-Alak said in a statement to the Central Bank. Customers of the bank to return its work in accordance with pre-painted plans to enter the banking business and strongly. "
"The Hamorabi Commercial Bank is the result of new and bold thinking of the Central Bank of Iraq to get out of the crisis of one of the important banks, which faltered because of the inefficient management of the funds of depositors dealing with the bank and its capital."
He pointed out that "the Central Bank has done after studying in depth the status of this bank to find solutions for such cases and give great hope in saving depositors' funds and restore confidence in the Iraqi banking system through the establishment of this bank, which is stipulated by the Banking Law, which will be ownership And the management of the Central Bank of Iraq, and later becomes a private joint stock company after the transfer of depositors to shareholders in the bank, and the establishment of this bank with the support of the majority of depositors.
"The Hamorabi Commercial Bank is the result of new and bold thinking of the Central Bank of Iraq to get out of the crisis of one of the important banks, which faltered because of the inefficient management of the funds of depositors dealing with the bank and its capital."
He pointed out that "the Central Bank has done after studying in depth the status of this bank to find solutions for such cases and give great hope in saving depositors' funds and restore confidence in the Iraqi banking system through the establishment of this bank, which is stipulated by the Banking Law, which will be ownership And the management of the Central Bank of Iraq, and later becomes a private joint stock company after the transfer of depositors to shareholders in the bank, and the establishment of this bank with the support of the majority of depositors.
Rafidain announces the retirement of retirees for the current month
http://translate.
(Baghdad: Al-Furat News) Rafidain Bank announced the distribution of salaries of retired citizens for October.
The bank's press office said in a statement received by the agency {Euphrates News} a copy of it that "the salaries of retired citizens for the October meal through electronic payment tools."
He pointed out that "the retirees can receive their salaries by the branches of the bank in Baghdad and the provinces instead of special outlets, some of which impose large amounts in return for receiving the salary of retired."
He pointed out that "the retirees can receive their salaries by the branches of the bank in Baghdad and the provinces instead of special outlets, some of which impose large amounts in return for receiving the salary of retired."
Value Traded
7,617,059,456
Shares Traded
25,012,109,003
ISX ended in Red
Kauaihn Chatter:dd
10-3-2018 Intel Guru Delta FYI ...ABADI'S GOV IS STILL IN CHARGE...UNTIL THE NEW GOV GET CONFIRM BY PARLIAMENT...MAHDI IS WELL RESPECTED AMONG ALL IN IRAQ...BRILLIANT MOVE BY US AND ABADI.... NOTHING MATTER ANYMORE...CBI 2 WEEKS ALMOST OVER...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait.He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait.He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister Dr. Haidar Al-Abadi receives Dr. Adel Abdul-Mahdi, Prime Minister-designate
Prime Minister Dr. Haidar Al-Abadi received the Prime Minister-designate Dr. Adel Abdul-Mahdi.
The meeting discussed the formation of the next government and its challenges and the importance of uniting efforts to complete the achievements made in all areas and emphasis on the next government program and support the next government to provide all that serves the aspirations of citizens.
The meeting witnessed the convergence of views regarding the priorities of the next stage in building and reconstruction, providing job opportunities, enhancing the security stability in the regions of Iraq, continuing to pursue terrorist cells and strengthening relations with the international community in a way that contributes to the interest of our country and our people.
Prime Minister 's Media Office
October 3, 2018
*************
ARTICLE 2
Sadr orders not to nominate any minister from others and give Abdul Mahdi a year
2018/10/4 11:54
[Ayna-Baghdad]
Announced the leader of the Sadrist movement, Muqtada al-Sadr, that instructed not to participate in the mass go in the formation of the next government headed by Adel Abdul Mahdi.
Al-Sadr said in a tweet on Twitter: "Salan to the beloved people of Iraq, start the steps of reform and here we complete it as much as possible, step by the slave and the rest on the Lord. Thank God and thank the Supreme Reference, thank you to each of us and trust us."
"Yes, we have been able to make [the prime minister] independent and even free of previous government corruption."
"He instructed him to form his cabinet without partisan pressures, sectarian or ethnic quotas while preserving [the beautiful Iraqi mosaic]," Sadr said.
He pointed out that he also instructed "not to nominate any minister for any ministry on our part whatever, and we agreed to give him a period of time to prove his successes before God and his people to proceed at a steady pace and serious towards building Iraq on the right bases as his predecessor tried to do so away from the uniqueness of power and position, The homeland is only the provider and the citizen. "
"Either the reform wins gradually, or the people are fully fledged," he concluded.
*************
ARTICLE 3
Keywords: Bank of the first experience in Iraq to save banks and depositors
2018/10/3 20:08
[Ayna-Baghdad]
The governor of the Central Bank of Iraq, Ali Al-Alak opened the Hamorabi Al-Jasri Bank in a first step to protect the banking system, return it to work and provide products that support the national economy.
Al-Alak said in a speech during the opening of Hamorabi Commercial Bank today that "this step is one of the steps that are awaiting follow-up because it is the first experience in Iraq to establish a bridge bank within the conditions, requirements and objectives designed for this work."
"This work comes as a reflection of the role of the Iraqi-Kurdish Bank as the authority concerned with the stability of the banking sector. This is a goal we focus on in a large way through monitoring and monitoring banks and trying to find suitable solutions for the cases that are diagnosed.
He added that "the issue of stability of the banking sector takes different dimensions and aspects, and this dimension of the dimensions that we do today by preserving the rights of depositors in banks in order not to harm the shareholders or other parties."
And between the eyes that "many countries get cases of defaults and bankruptcies banks; but our policy in the Central Bank of Iraq are trying to go beyond the dimensions and bear the difficulties and follow-up to some of the conditions of banks to prevent their arrival to the stage of liquidation or bankruptcy and this awareness of the Central Bank of the importance of stability of the sector Banking and avoid any effects of an economic, material or service. "
For his part, the financial adviser to the Prime Minister, the appearance of Mohammed Saleh, "The bank is the first financial model in Iraq, which resulted from the strict application of the law of Iraqi banks No. 94 of 2004 in dealing with the phenomenon of banking failure without recourse to liquidation, indicating that it represents a distinct success is the first of its kind Recorded by the monetary authority to save the bank and the faltering life and return to financial activities and transition from the stage of guardianship to the stage of the bank of the bridge, rather than forced liquidation as we mentioned before.
Saleh added: "Hamorabi Bank is a well-established and pioneering bank with a clean balance sheet, a strong network of depositors and strong shareholders through the establishment of an effective framework to restore confidence to one of the previously troubled private banks due to mismanagement. "He said.
"The new administration seeks to implement the standards of compliance, control, internal control and international accounting standards, establish a network of correspondents with international banks and adopt the rules of risk management in all its forms, especially in the management of credit, liquidity and capital adequacy, as well as the implementation of good governance standards and regulatory regulations governing it and the list On the principle of separation of management from property rights to avoid conflict of banking interests and to participate in the risk between management and owners of property rights through meetings of the General Authority of the bank as well as to strengthen disclosure and the matter before the public body The Hamorabi Bank is the strong and legitimate newborn of the Iraqi banking system. "
The head of the Baghdad Economic Forum, Fares al-Salman, also said that the bank is "a hub for restoring confidence between banks and the public, and provides customers deposits fully after the Central Bank participated 50 billion dinars in the capital of the bank," pointing out that "the administration is shared between the Central Bank and owners of Capital".
Salman pointed out that "the administration is working to promote the bank until the value of its shares with the market value of the book after that the amount of the central bank, which was shared by the capital, and managed by a team of expertise and know-how."
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ARTICLE 4
The absence of Saleh's wives and the infallibility of receiving decrees irritate women
2018/10/3 19:38
[Ayna-Baghdad]
Lawmaker Rehab Al-Abouda on Wednesday criticized the absence of wives of current President Barham Salih and former President Fuad Masum in the ceremony of receiving and handing over to the post of President of the Republic.
"We did not notice the appearance of the former first lady [wife of former president Fuad Masum] or the current first lady of Iraq [the wife of current president Barham Saleh] at the reception and delivery ceremony for the post of president," she said in a statement on her own account.
The deputy said Basra province saying "from the first marginalization !!!!" In reference to the absence of women in decision-making in Iraq.
At the Peace Palace in Baghdad this morning, the reception of the new President Barham Salih, where he was greeted at the entrance to the palace, former President Fuad Masum.
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ARTICLE 5
Discover a new negative effect of smoking
LONDON (Reuters) - Cigarette smoking not only increases the risk of lung cancer, asthma and chronic obstructive pulmonary disease, but also significantly reduces the activity of the body's immune system, researchers have found.
"Smoking can explain why most smokers suffer from tooth decay and other oral cavities, and why their gum wounds heal slowly compared to non-smokers," says Anita Aminochari of Case Western Reserve University in Cleveland, the United States, in an article in the Journal of Endodontics. TNF-alpha and HBD-2 play the role of the last line of defense in the mouth, and smoking kills them before they enter the battle. '
Aminashari and her team discovered a new negative effect of positive or negative smoking by studying how cigarette smoke affects the gums and other tissues. To this end, scientists collected 70 volunteers (half of them smokers and half of them who never smoked in their lives) suffering from dental caries and offered to undergo treatment at the university hospital.
The results of the analysis showed that the 'defensive' molecules (TNF-alpha and HBD-2) were not present in the samples of smokers' gums. In their teeth, researchers found that there was very little beta defensing 2 and beta defensing 3, which was responsible for controlling microbes.
These findings can explain why smokers suffer from gum and tooth infections more than non-smokers, and why the immune system is less active in other body tissues as well.
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