Preparing for the Exchange
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WOTS Friday 6/14/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1186.0000 | 1186.0000 | | 04:06 |
| USD/VND | | | 23292.5000 | 23285.0000 | 23285.0000 | | 03:01 |
| USD/CNY | | | 6.9246 | 6.9206 | 6.9208 | | 04:17 |
| USD/KWD | | | 0.3035 | 0.3029 | 0.3034 | | 04:14 |
| GBP/USD | | | 1.2688 | 1.2633 | 1.2679 | | 04:22 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 04:06 |
| USD/IDR | | | 14369.0000 | 14240.0000 | 14295.0000 | | 04:20 |
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Barzani starts the first step to form his government .. This is the most prominent node faced
2019/6/14 11:57
(Baghdad: Al-Furat News) Prime Minister-designate to form the Kurdistan Regional Government, pleased Barzani, next week, a visit to the city of Sulaymaniyah to hold meetings with leaders of the Patriotic Union of Kurdistan and the Movement for Change on the formation of the government.
According to reports, Barzani will visit the headquarters of the National Union in the beginning, being the second winner in the recent elections in the province, and then will visit the movement of change and the visit will be advisory, and will not address the issue of submitting the names of candidates for ministerial posts.
She added that "in front of Massur Barzani 4 weeks to form a government, but the Kurdistan Democratic Party and the Movement of Change wish to do this in less than 3 weeks, and be submitted to the names of candidates for ministerial portfolios to the Parliament of Kurdistan as soon as possible for approval.
The news that "the issue of resolving the ministerial posts in the composition of the new government in the Kurdistan region, may be easy between the Democratic Party and the Movement for Change, but is expected to be more difficult with the Patriotic Union of Kurdistan, where no post has been resolved so far, Prime Minister of the Kurdistan Regional Government "
She added that "in front of Massur Barzani 4 weeks to form a government, but the Kurdistan Democratic Party and the Movement of Change wish to do this in less than 3 weeks, and be submitted to the names of candidates for ministerial portfolios to the Parliament of Kurdistan as soon as possible for approval.
The news that "the issue of resolving the ministerial posts in the composition of the new government in the Kurdistan region, may be easy between the Democratic Party and the Movement for Change, but is expected to be more difficult with the Patriotic Union of Kurdistan, where no post has been resolved so far, Prime Minister of the Kurdistan Regional Government "
Abadi meets new US ambassador, discusses political situation
Friday، 14 June 2019 12:42 AM
Former Prime Minister Haidar al-Abadi discussed with new US Ambassador to Baghdad Matthew Tueller the overall political and public situation in the country and the region.
Abadi congratulated Tueller on the occasion of assuming his new post, wishing him success in contributing to coordinate between Iraq and the US and enhance cooperation between the two countries.
President Barham Salih received the credentials of the new ambassadors of New Zealand and the United States to Iraq. Ambassador Tredene Dobson will represent New Zealand in Iraq, while the US will be represented by Matthew Tueller.
The president stressed Iraq's earnest desire to develop relations with both countries and to serve the common interests.
Abadi congratulated Tueller on the occasion of assuming his new post, wishing him success in contributing to coordinate between Iraq and the US and enhance cooperation between the two countries.
President Barham Salih received the credentials of the new ambassadors of New Zealand and the United States to Iraq. Ambassador Tredene Dobson will represent New Zealand in Iraq, while the US will be represented by Matthew Tueller.
The president stressed Iraq's earnest desire to develop relations with both countries and to serve the common interests.
UN Secretary General Congratulates Nechirvan Barzani on Presidency
BasNews 14/06/2019 - 00:21 Published in Kurdistan
United Nations Secretary-general Antonio Guterres has congratulated Nechirvan Barzani on his election as the new President of the Kurdistan Region.
He further noted "I am sure that your leadership with your great experience and wisdom will be very effective to resolve any difficulties that may face the region."
The establishment of a new cabinet in Erbil could guarantee the maintenance of the achievements of the war against the Islamic State (IS) in the past few years, Guterres added, reiterating UN' support for the future Kurdistan Regional Government (KRG).
Nechirvan Barzani, who was elected as the new president of the Kurdistan Region earlier the month in a parliamentary session, took oath on Monday.
The document" .. Anbar Council refuses to enter toxic waste to the province
14-06-2019 12:52 AM
Baghdad
On Thursday, Al-Madar received a document issued by the head of the Anbar Provincial Council, Ahmed Hamid Sharqi, indicating that the governorate refused to enter the toxic waste of the Ministry of Science and Technology to its territory.
The deputy for the province of Anbar Yahya Mohammadi had revealed earlier, the intention of the Ministry of Science and Technology to transfer radioactive waste to the province, while requested to address the subject in accordance with methods adopted by the United Nations.
On Thursday, Al-Madar received a document issued by the head of the Anbar Provincial Council, Ahmed Hamid Sharqi, indicating that the governorate refused to enter the toxic waste of the Ministry of Science and Technology to its territory.
The deputy for the province of Anbar Yahya Mohammadi had revealed earlier, the intention of the Ministry of Science and Technology to transfer radioactive waste to the province, while requested to address the subject in accordance with methods adopted by the United Nations.
Al-Qaddu: Abdul-Mahdi put himself in trouble with the positions of the Agency and coalitions of blocks fragile (expanded)
Editorial Date: 2019/6/14
The leader of the Fatah Alliance, Haneen al-Qaddu, that Prime Minister Adel Abdul Mahdi, put himself in trouble with the termination of the management of positions by proxy, while describing the alliances of the blocks, including the conquest of the "fragile".
"The technocrats and freelancers do not understand what they mean, and there must be specific criteria for selecting competencies," he said in a program broadcasted by Al-Furat satellite channel. "There is no country in the world that places a person in a sensitive place without supporting Of a particular party. "
"The application of the paragraph 30 June is difficult, because we are not committed to the Constitution and the laws in force and there are compliments and thoughts, and all legal articles do not," he said, "because of the circumstances hastened the process of forming the government. apply".
"In the light of the conflicts we have not been able to complete the cab, how can we finish 4,000 degrees of functional proxy within two weeks to complete the government of Abdul Mahdi and its proxy administration is impossible."
He pointed out that "the provincial council exceeded its legal period by two years and we still have forms to nominate names to complete the cab and there is a major conflict between the blocks on positions and Abdul Mahdi put himself in trouble when he agreed on Article 58 of the budget for the budgets of regions and provinces," stressing that "all programs are mere promises The current ministers are supported by the political blocs and not technocrats. "
He pointed out that "the ministers are chosen according to sectarian loyalties and autonomous regions," adding that "Abdul-Mahdi pays great attention to the influential blocs at the expense of minorities and can not reach him as his predecessor, Haider Abadi, and there are those who force me to arm Abdul Mahdi.
Al-Qaddo said that "Abdul-Mahdi sent a clear message to the blocks to fill the void in the positions of the Agency before June 30, and that if not submitted will fill it," noting that "all parliamentary blocs are fragile alliances based on certain interests."
"The application of the paragraph 30 June is difficult, because we are not committed to the Constitution and the laws in force and there are compliments and thoughts, and all legal articles do not," he said, "because of the circumstances hastened the process of forming the government. apply".
"In the light of the conflicts we have not been able to complete the cab, how can we finish 4,000 degrees of functional proxy within two weeks to complete the government of Abdul Mahdi and its proxy administration is impossible."
He pointed out that "the provincial council exceeded its legal period by two years and we still have forms to nominate names to complete the cab and there is a major conflict between the blocks on positions and Abdul Mahdi put himself in trouble when he agreed on Article 58 of the budget for the budgets of regions and provinces," stressing that "all programs are mere promises The current ministers are supported by the political blocs and not technocrats. "
He pointed out that "the ministers are chosen according to sectarian loyalties and autonomous regions," adding that "Abdul-Mahdi pays great attention to the influential blocs at the expense of minorities and can not reach him as his predecessor, Haider Abadi, and there are those who force me to arm Abdul Mahdi.
Al-Qaddo said that "Abdul-Mahdi sent a clear message to the blocks to fill the void in the positions of the Agency before June 30, and that if not submitted will fill it," noting that "all parliamentary blocs are fragile alliances based on certain interests."
Al-Sadr denounces terrorist operations against Turkey: Iraq is not a launching pad for attacks on the neighborhood
2019/06/14 00:28
BAGHDAD (Reuters) - Sadr's leader Moqtada al-Sadr on Thursday condemned terrorist attacks on Turkey and called on the Iraqi government to lift all unfair agreements that undermine Iraq's sovereignty and security.
"We strongly condemn the terrorist attacks against Turkey," Sadr said in a tweet, calling on the Iraqi government to protect and secure the border so that Iraq would not be a launching pad for attacks on neighboring countries.
He condemned the "Turkish bombing on Iraqi soil, if it was in accordance with the agreements," and called on the government to "cancel all unfair agreements that undermine the sovereignty and security of Iraq."
He called on the Turkish government to "end the file of the opposition properly and according to a systematic dialogue," warning that "the region in a state of boiling and Dai to inflame the bombing of the border."
He condemned the "Turkish bombing on Iraqi soil, if it was in accordance with the agreements," and called on the government to "cancel all unfair agreements that undermine the sovereignty and security of Iraq."
He called on the Turkish government to "end the file of the opposition properly and according to a systematic dialogue," warning that "the region in a state of boiling and Dai to inflame the bombing of the border."
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Iran Congratulates Masrour Barzani on Premiership
BasNews 14/06/2019 - 01:18 Published in Kurdistan
Iran has congratulated Masrour Barzani on his election as the new Prime Minister of Kurdistan Region as he has already been tasked by the newly elected President Nechirvan Barzani to form the next government in Erbil.
The message was conveyed by the Iranian Ambassador to Iraq Iraj Masjedi on Thursday in which he also hoped that the relations between Erbil and Tehran will further strengthen during Barzani's term, as cited by Kurdistan 24.
PM-designate Masrour Barzani is expected to meet with officials from the Patriotic Union of Kurdistan (PUK) and Change Movement (Gorran) in the middle of next week in efforts to establish a new cabinet.
Victory: the government of Abdul-Mahdi overload the achievements and the people will say his word {expanded}
Editor's note:: 2016/6/14
{Baghdad: Al-Furat News} Criticism of the victory coalition, headed by Haider Abadi, the performance of Prime Minister Adel Abdul Mahdi.
The spokesman for the victory, Ali al-Sunaid, for the program {prohibited from the show} broadcast by the satellite channels on Thursday evening, "The quota now is worse and unfortunately Abdul Mahdi has been under the pressure of blocs and said victory to go to the building and others," adding that "Abdul Mahdi lacks courage and courage in Decision-making, "he said.
He added that "Abadi took over the prime minister at a very difficult stage and worked on many files of corruption and there are funds and wanted to be recovered during the previous government and today there is a negligence in the achievement," according to his words.
"The current government has embarrassed itself after committing itself to a government program before completing the cab," he said, stressing that "real reform is to build state institutions and not to change sites, which prevents slippage on the basis of quotas."
"We have many observations on the budget paragraphs and cabinet cabins subject to the wills of blocs and parties," he said, expressing "fear of the exploitation of grades by the political blocs and the people will say his speech to anyone who tries to mock him."
"Why does not Abdul Mahdi have the courage and courage to stand firm and his statement is surprised that the departments acting is not a loophole?"
"Before Abdul Mahdi was appointed to form a government, the oil and health ministries were working with clear independence and the rest were run by invisible hands
He added that "Abadi took over the prime minister at a very difficult stage and worked on many files of corruption and there are funds and wanted to be recovered during the previous government and today there is a negligence in the achievement," according to his words.
"The current government has embarrassed itself after committing itself to a government program before completing the cab," he said, stressing that "real reform is to build state institutions and not to change sites, which prevents slippage on the basis of quotas."
"We have many observations on the budget paragraphs and cabinet cabins subject to the wills of blocs and parties," he said, expressing "fear of the exploitation of grades by the political blocs and the people will say his speech to anyone who tries to mock him."
"Why does not Abdul Mahdi have the courage and courage to stand firm and his statement is surprised that the departments acting is not a loophole?"
"Before Abdul Mahdi was appointed to form a government, the oil and health ministries were working with clear independence and the rest were run by invisible hands
Sinjar: Farm Fires Put Scores of Yezidi Mass Graves at Risk
BasNews 14/06/2019 - 01:14 Published in Kurdistan
The recent fire incidents in Sinjar has put scores of Yezidi Mass graves at a great risk, a Kurdish official said on Thursday.
Due to the burning of several crops and other agricultural fields in Sinjar and the surrounding areas, many of the mass graves have also been burned and that can damage the evidence and other related proofs which are vital for the process of getting the international community to recognize the massacre of Yezidis as a genocide, Idris Zozani, a Kurdistan Democratic Party (KDP) representative in the area, told BasNews.
He noted that it is not yet known how many mass graves were burned, but that there are at least 100 of them.
Unknown men have lately set fire to tens of farms in the disputed Kurdish territories for no clear reasons.
Victory: Any political reform must be within the constitutional mechanisms
11:46 - 13/06/2019
Information / Baghdad ..
The coalition of victory , led by Haider Abadi, Thursday, the call to amend Article 76 and make the election of the Prime Minister directly by the Iraqi people need a constitutional amendment.
"We believe that the political system must be reformed in a way that leads to rational and effective governance. The constitution provides for a parliamentary system. The call for direct elections opposes the idea of a parliamentary system," said coalition leader Ali al-Sunaid in a press release. Constitutional amendment ".
"Any reform in the political system must be within the constitutionally defined mechanisms, and the reforms in the political system are not carried out by a government decision or parliamentary legislation, but by the methods prescribed by the constitution itself," the statement said.
The statement said that "many of the dilemmas of the current political system is caused by political consensus, not the Constitution itself, for example, the Constitution provides for the political majority to form a government, but ethnic consensus sectarian partisan groups that created the governments of concordance Controversy contrary to the Constitution, On the Constitution ".
The statement concluded that "many and many of the problems of the current political system result from the nature of the political forces that deal with the responsibilities of governance and the administration of the state, and the Constitution is not responsible for it and that the reform relates to a large part of the rise and enable political forces responsible and committed and patriotic able to deal with his safety and responsibility with the government"
Chief of Army Staff: The popular crowd had a major role in keeping Iraq
13/06/2019 11:40 AM
Al-Ahed News - Baghdad
The chief of army staff, General Othman al-Ghanmi, said the popular crowd had a major role in keeping Iraq.
Al-Ghanmi said in a statement congratulating the crowd on the occasion of its founding, which was received by Al-Ahed News on Thursday that "what the heroes of the popular crowd have sacrificed in assigning security forces from the army and police has played a major role in maintaining the security of Iraq."
He thanked the popular crowd and congratulated him "on the occasion of the issuance of the fatwa and the founding of Jihad five years ago."
Friday .. End of reconstruction exhibition in Baghdad
Editorial date:: 2019/6/14
(Baghdad: Al Furat News) The work of the reconstruction exhibition, which was held in cooperation with the Ministries of Construction, Housing, Municipalities, Industry and Minerals and under the supervision of the Ministry of Commerce, will be concluded on Friday at the Baghdad International Fair.
The Director of the General Company for Iraqi Trade Exhibitions, under the Ministry of Commerce, Engineer Hashim Sudani said in a press statement that "the activities of the exhibition, which began on the 11th of this month, participated by 120 international and Arab companies in the field of reconstruction and housing, in addition to local companies and under the direct supervision of the Ministries of Construction Housing, municipalities and the Ministry of Industry and Minerals ".
"The objective of the exhibition is to introduce the latest equipment, machinery and equipment used in the field of reconstruction, as well as to express those companies desire to actively contribute to the implementation of reconstruction projects of the country's infrastructure, especially in the liberated areas of the gangs dunking terrorist."
Al-Sudani added that his company also seeks to coordinate and implement the joint works between foreign and local companies to mix experiences and introduce modern technology in the implementation of all projects related to the reconstruction and housing sector, especially that the country is on the way to change the reality of services and provide housing for citizens through the establishment of residential complexes In Baghdad. "
He pointed out that "the establishment of such exhibitions help the government and central provinces and local governments to access the global companies and deal with and address to implement many of the construction and construction projects and to learn the latest technological developments in the field of manufacturing equipment and municipal machinery to keep pace with what reached the world to achieve what the citizen aspires from Municipal and municipal services ".
In his speech at the opening of the exhibition, Commerce Minister Mohammad Hashim Al-Ani said that his ministry affirms its commitment to supporting and developing the private sector in all directions and enabling it to be successful as an active partner in the implementation of development programs and long-term plans that the government seeks to implement through "The government's approach is to seek decisions on the interests of this sector in all its forms by means of consultation and to involve those involved in the resolution and to listen directly to them in order to come up with sound solutions to all issues."
"The objective of the exhibition is to introduce the latest equipment, machinery and equipment used in the field of reconstruction, as well as to express those companies desire to actively contribute to the implementation of reconstruction projects of the country's infrastructure, especially in the liberated areas of the gangs dunking terrorist."
Al-Sudani added that his company also seeks to coordinate and implement the joint works between foreign and local companies to mix experiences and introduce modern technology in the implementation of all projects related to the reconstruction and housing sector, especially that the country is on the way to change the reality of services and provide housing for citizens through the establishment of residential complexes In Baghdad. "
He pointed out that "the establishment of such exhibitions help the government and central provinces and local governments to access the global companies and deal with and address to implement many of the construction and construction projects and to learn the latest technological developments in the field of manufacturing equipment and municipal machinery to keep pace with what reached the world to achieve what the citizen aspires from Municipal and municipal services ".
In his speech at the opening of the exhibition, Commerce Minister Mohammad Hashim Al-Ani said that his ministry affirms its commitment to supporting and developing the private sector in all directions and enabling it to be successful as an active partner in the implementation of development programs and long-term plans that the government seeks to implement through "The government's approach is to seek decisions on the interests of this sector in all its forms by means of consultation and to involve those involved in the resolution and to listen directly to them in order to come up with sound solutions to all issues."
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A Twisted Timeline of US-Russian Relations in SyriaThe United States and Russia are on opposite sides of the Syrian conflict. Except when they’re not. While Washington backed anti-government rebels, Moscow rode to the rescue of Bashar al-Assad. But they’ve also worked together to push a peace process and defeat ISIS. View this timeline as an image September 2015 Russia: After establishing an...
Read in Mother Jones: https://apple.news/ADBY-_
Iran-US negotiations have already started — just not face-to-faceTehran’s posture on direct talks, the nuclear deal and regional policy are now negotiable.
Read in The Hill: https://apple.news/
Turkey: US ultimatum over S-400s 'not in spirit of alliance'The language used in a letter sent from United States to Ankara regarding Turkey's removal from the F-35 fighter jet programme does not suit "the spirit of alliance", Turkish Defence Minister Hulusi Akar has said. US acting Secretary of Defence Patrick Shanahan's letter to his counterpart had outlined last week how Turkey would be pulled out of the multi-country F-35 fighter jet programme unless Ankara changes course from its plans to purchase Russian S-400 missile defence system as of July 31.
Read in Aljazeera: https://apple.news/
Five years on, still no justice for Iraq's Camp Speicher victimsToday marks five years since the Camp Speicher massacre, in which an estimated 1,700 unarmed cadets were executed by the Islamic State in Iraq and the Levant (ISIL), and hundreds more were arrested and disappeared by Iraqi government forces. For the victims' families, today is a stark reminder of the Iraqi government's consistent and overwhelming failure to determine their loved ones' fates and whereabouts, and to bring the perpetrators to justice. On June 12, 2014, thousands of unarmed cadets
Read in Aljazeera: https://apple.news/
Zimbabwe: Govt to Establish Gold Centres, Move to Reduce Gold LeakagesGovernment has announced plans to set up some gold buying centres to allow small scale miners easier access to its gold procurement arm, Fidelity Printers and Refineries. The move is also aimed at safeguarding gold leakages as well as provide closer attention to the welfare of artisanal miners whose activities have often resulted in fatal mine accidents and physical clashes. This was announced by Information Minister Monica Mutsvangwa at a post cabinet media briefing in Harare on Tuesday. "The
Read in AllAfrica: https://apple.news/
Zambia Is Confident In Its Mining Future: An Interview With Minister Richard MusukwaIn this interview with Richard Musukwa, Zambia's Mining minister, he explains why he remains confident in the country's mining future in spite of the glaring challenges.
Read in Forbes: https://apple.news/
Zimbabwe: Zim to Clear U.S.$605m DebtZimbabwe is on course to clear its US$605 million debt with the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank early next year, Finance and Economic Development Minister Professor Mthuli Ncube has said. In an interview on the sidelines of the ongoing 54th Meeting of Boards of Governors of the AfDB and the 45th Annual Meeting of the African Development Fund here, Prof Ncube said the country was complying with requirements that will pave way
Read in AllAfrica: https://apple.news/
Zimbabwe: Councillors Threaten to Unleash Starving Villagers On 'Corrupt' Gmb OfficialsCouncillors in the Zibagwe Rural District Council (ZRDC) have threatened to mobilise villagers to invade the Kwekwe's Grain Marketing Board (GMB) whose "corrupt" officials have allegedly frustrated their attempts to access drought relief grain on behalf of people they represent. Councillors told Kwekwe District Administrator (DA) Fortune Mupungu at a special council meeting Tuesday that they were being made to spend nights in the cold while waiting to be served. They said corruption has become
Read in AllAfrica: https://apple.news/
Zimbabwe: Government to Evict Land InvadersGovernment says more than 400 land invaders will be removed from the areas they have illegally settled themselves before the start of the rain season. Lands Ministry permanent secretary Ringson Chitsiko Tuesday told parliament's lands committee that those in dire need for land will be resettled, adding that former farm workers were causing serious problems in farms. The top government official urged former farm workers to remain within compounds they were left by their former employers until
Read in AllAfrica: https://apple.news/AH_
Uganda: How Govt Plans to Fund Public Debt in 2019/20 Financial YearPublic debt has been rising and the same applies to money allocated for refinancing. This has been the phenomena since 2013 and many low income developing countries have fallen victim to a rapid spike that experts have warned "might be a walk in the a wrong direction." The debt levels, which have been rising for about five years now, have subsequently amplified debt vulnerabilities across Africa, Uganda inclusive. However, Uganda could still be in a safe zone. But for how long? Uganda is
Read in AllAfrica: https://apple.news/AX_
African brands are losing their appeal across the continent in favor of global playersThe most admired brands among consumers in Africa are not African. That's not entirely surprising given the wide reach of established global brands which typically have far more financial and human capital and have built brand equity spanning several decades. The more worrying thing though is that African brands appear to be becoming less admired by...
Read in Quartz: https://apple.news/
Shinzo Abe arrives in Tehran to ease US-Iran tensions, first Japanese premier to visit since 1979 Islamic RevolutionShinzo Abe arrives in Tehran to ease US-Iran tensions, first Japanese premier to visit since 1979 Islamic Revolution
Read in ABC News: https://apple.news/
In Trump’s Multifront Trade War, Mexico’s Okay, China’s Definitely NotChina trade data suggests more headwinds to come, especially if Trump raises tariffs on $300 billion more of their imports.
Read in Forbes: https://apple.news/
WRAPUP 1-China bank loans rebound, more policy easing may be needed* May new loans at 1.18 trln yuan vs forecast 1.225 trlnyuan
Read in Reuters: https://apple.news/
Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to techThe Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both…
Read in South China Morning Post: https://apple.news/
China’s consumer inflation rises to 15-month high amid pork crisis, African swine fever epidemicChina’s consumer inflation jumped to its highest level in 15 months in May, driven largely by soaring fresh fruit and pork prices as the effects of the African swine fever epidemic showed few signs of abating. The consumer price inflation (CPI) rate…
Read in South China Morning Post: https://apple.news/
UK's Johnson, in pitch to be PM, says not aiming for no-deal Brexit
Former British Foreign Secretary Boris Johnson said he was not aiming to leave the European Union without a deal but it was only responsible to prepare for no-deal as he launched his bid to replace Theresa May as Prime Minister.
Read in Reuters: https://apple.news/
Boris Johnson backed arms sales to Saudi Arabia despite civilian deaths in Yemen, email shows
Boris Johnson pushed for UK arms sales to Saudi Arabia in the midst of a bombing campaign in Yemen blamed for the deaths of dozens of civilians, newly released emails show.
Read in The Independent: https://apple.news/ADKPO-
Greek housing sector rebound gains pace as economy recovers
* Residential property prices rise 4% y/y in Q1 * Economic recovery, foreign interest drive uptrend * Home prices had plunged 42% since 2008 peak By George Georgiopoulos ATHENS, June 12 (Reuters) - The recovery in Greece's housingmarket gained speed in the first quarter, central bank datashowed, with an expanding economy and growing foreign interestlikely to keep the uptrend intact. Property accounts for a large chunk of household wealth inGreece, which has one of the highest home ownership.
Read in Reuters: https://apple.news/
Donald Trump takes aim at eurozone in furious series of tweets ‘Euro is devalued!’
DONALD TRUMP took aim at the euro in a series of furious tweets where he claimed the single currency of the eurozone was devalued. The US President also renewed complaints about the Federal Reserve, while berating US interest rates for being too high. Tweeting on Tuesday evening, Mr Trump said: “The Euro and other currencies are devalued against the dollar, putting the US at a big disadvantage.” The US President failed to explain why he felt the US was at a disadvantage but he continued:
Read in Express: https://apple.news/
GLOBAL/NEWS/INFO
10 Things to Know for TodayAmong 10 Things to Know: US Navy assisting 2 tankers targeted in Gulf of Oman; Trump says he'd 'want to hear' foreign dirt on 2020 rivals; Hong Kong in limbo as extradition protests crisis deepens
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold gains as U.S.-China trade tensions subdue risk appetite* U.S. CPI data for May due at 1230 GMT
Read in Reuters: https://apple.news/
Read in Reuters: https://apple.news/
Gold Climbs as Stocks Fall; Fed Rate Cut Expectations Provide Continuing Support
Commodities Jun 13, 2019 05:40 GMT Investing.com - Gold prices climbed on Thursday in Asia. Risk sentiment remained weak, while rate cut expectations also provided continuing support. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2% at $1,339.95 per ounce by 1:40 AM ET (05:40 GMT). “Today, global equities are weaker, there is some safe-haven buying, and buying ahead of the U.S. Fed meeting next week,” said Bob Haberkorn, senior
Read in Investing.com: https://apple.news/
Gold Prices Up Amid Sino-U.S. Trade Uncertainty
Commodities Jun 12, 2019 05:20 GMT Investing.com - Prices of the safe-haven gold traded higher on Wednesday in Asia amid continuing uncertainty surrounding Sino-U.S. trade developments. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,335.75 per ounce by 1:15 AM ET (05:15 GMT). Uncertainty surrounding Sino-U.S. trade relationships continued to provide support to the safe-haven metal. U.S. President Donald Trump said Tuesday he
Read in Investing.com: https://apple.news/
Oil demand growth grinding to lowest in years as global economy stallsWorld oil markets have undergone a U-turn, switching from supply-side risks like OPEC's production cuts or U.S. sanctions against producers Iran and Venezuela, analysts said, to concerns of slowing consumption amid fears of a global recession.
Read in Reuters: https://apple.news/A8BEzPhu-
Oil Prices Recover Slightly After Plunging 4% on Crude Inventories Data
Commodities Jun 13, 2019 05:03 GMT Investing.com - Oil prices recovered slightly on Thursday in Asia after a slump in the previous session on crude inventories data. U.S. Crude Oil WTI Futures were up 0.4% to $51.34 by 12:57 AM ET (04:57 GMT). International Brent Oil Futures gained 0.9% to $69.49. The Energy Information Administration (EIA) said in its regular weekly report on Wednesday that crude oil inventories increased by 2.21 million barrels in the week to June 7. That was compared to
Read in Investing.com: https://apple.news/
MIDEAST STOCKS-Oil price fall, renewed global woes weigh on Gulf stocksAll major Gulf markets dropped onWednesday, mostly with financial sector shares taking a hit fromfalling oil prices and renewed weakness in global equitymarkets.
Read in Reuters: https://apple.news/
METALS-Copper ticks lower on weak China data, aluminium up* GRAPHIC-2019 asset returns:(Updates with official prices)
Read in Reuters: https://apple.news/
BANKS/BANKING/CREDIT
Are you thinking of getting a reverse mortgage? Who should consider one and who shouldn'tIn a reverse mortgage, you get a loan either as a lump sum, in monthly payments or as a line of credit. You repay it when you sell the house or die.
Read in USA TODAY: https://apple.news/
Banks and Big Businesses Scramble for Their Own Digital CashLast week Reuters reported that several of the world’s biggest banks have invested $50 million to “create a digital cash system to settle financial transactions”. It’s an on-going project, according to the report, involving the likes UBS, Credit Suisse, Barclays, and Deutsche Bank. Banks are being tight-lipped on the project, and it should be noted...
Read in AMBCrypto: https://apple.news/
U.S. mortgage applications jump to highest since September 2016 -MBA* U.S. 30-year mortgage rates hit lowest level since Sept2017
Read in Reuters: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on Thursday
Economy Jun 13, 2019 09:39 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, June 13: 1. Oil prices jump after suspected tanker attack in Gulf of Oman Oil prices jumped more than 2% on Thursday after reports of attacks on oil tankers in the Gulf of Oman. Crew members were evacuated from the ships which were near the Strait of Hormuz, a major strategic waterway through which a fifth of global oil consumption passes from Middle East producers. The
Read in Investing.com: https://apple.news/As8x8v_
Will stock picking managers help deliver US$85 billion to China’s A-share market?As global indices compiler MSCI increases the weightage of Chinese A shares in its gauges, it remains to be seen if stock picking managers, who last month pulled record levels of capital out of China’s domestic stock market through the stock connects,…
Read in South China Morning Post: https://apple.news/AFSaXXNuuR-
Opinion: Bond guru who called interest rate top in 2018 now says yields could fall furtherSchwab fixed-income strategist says low economic growth, demographics will keep rates down, writes Howard Gold.
Read in MarketWatch: https://apple.news/
A recession shock could wipe 30% off U.S. stocks, warns Oxford EconomicsA worst-case scenario could see a worsening economy resulting in a 30% drop for U.S. stocks, triggering a recession, according to our call of the day. But there’s good news too.
Read in MarketWatch: https://apple.news/
'
Shares snap seven-day hot streak; U.S. inflation next hurdleWorld share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while an impending reading on U.S. inflation was set to refine the odds of an early cut in interest rates there.
Read in Reuters: https://apple.news/Ar4ObQj-
CRYPTO'S / DIGITAL CURRENCY
CryptoCompare Launches Benchmark Rankings for Cryptocurrency ExchangesCryptocurrency data and indices provider CryptoCompare is working to make it easier to spot good, and bad, crypto exchanges.
Read in CoinDesk: https://apple.news/A8r_
Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month highBitcoin is lacking a clear directional bias for the eighth consecutive day as litecoin continues to surge.
Read in CoinDesk: https://apple.news/
This branchless bank quadrupled its customer base to 4 million in a single yearBig banks have talked about the threat from tech-powered upstarts for years, but it's only recently that online banks like Chime have begun to make inroads.
Read in CNBC: https://apple.news/
CURRENCIES
Pound to euro exchange rate: Sterling finally rises in 'better than expected' surgeTHE POUND has enjoyed a minor boost against the euro in a rare recent example of exchange rate joy. Sterling rose yesterday, with levels predicted to continue until Conservative party votes tomorrow. The pound to euro exchange rate is on a rising streak - with experts suggesting sterling will remain “well-supported” until political change occurs. Sterling was boosted yesterday in a rare moment of joy for holidaymakers and currency traders. This might indicate they should switch their GBP to
Read in Express: https://apple.news/
Sri Lanka stocks end at over 5-week high on local buying; rupee slipsSri Lankan shares rose for thefourth straight session on Wednesday to hit a more thanfive-week closing high on local buying, offsetting continuedforeign selling in equities, while the rupee ended slightlyweaker on dollar demand from importers.** The benchmark stock index ended 0.81% firmer at5,378.73, its highest close since May 7. It fell 0.24% last weekand declined 11.13% this year so far.** The central bank cut its key interest rates on May 31 tosupport a faltering economy as overall business
Read in Reuters: https://apple.news/
Ugandan shilling strengthens on mid-month tax paymentsThe Ugandan shillingstrengthened on Wednesday as some corporate buyers stayed on thesidelines, reserving their local currency holdings for mid-monthtaxes, traders said.
Read in Reuters: https://apple.news/
Forex - Aussie Dollar Fall on Unemployment Data; Yen Rises on Safe-Haven Demand
Forex Jun 13, 2019 04:10 GMT Investing.com - The Australian dollar fell against its U.S. counterpart following the release of jobs data in May, while the Japanese yen rose on safe-haven demand. The AUD/USD pair dropped 0.3% to 0.6906 by 12:05 AM ET (04:05 GMT) after data showed the unemployment rate held at 5.2% last month versus an estimated 5.1%. Jobs rose 42,300 in May from April, compared with the expectation of a 16,000 gain, today’s data also showed. The NZD/USD pair slipped 0.1%. The USD/
Read in Investing.com: https://apple.news/A3EIK_
Forex - Yen Gains Ground, Dollar Steady against Other Major Currencies
Forex Jun 13, 2019 07:26 GMT Investing.com - The yen gained ground on Thursday as renewed risk aversion in the broader market underpinned safe haven demand, while the U.S. dollar held steady against a basket of the other major currencies after rebounding from two-month lows. Market sentiment deteriorated overnight amid uncertainty over whether the U.S. and China can reach a deal on the sidelines of the upcoming G-20 summit meeting in Japan. The dollar was down 0.2% to 108.28 per yen by 03:21 AM
Read in Investing.com: https://apple.news/AxMYac_
HEALTH / SCIENCE
A drug rebate proposal tops the Trump administration's coming health care regulationsWhite House officials are finalizing a handful of health care regulations, which means the rules will be released in short order.
Read in Axios: https://apple.news/
Read in Axios: https://apple.news/
Are You Working Your Abs Too Much? To Burn Belly Fat, an Expert Explains What to Do InsteadYou may have heard that it's impossible to spot-reduce fat, and that includes in the belly area. What that means is that endless ab workouts won't give you a flat, toned belly. So how much ab work should you do to lose belly fat? Answer: less than you probably thought.If burning belly fat is the goa ...
Read in POPSUGAR: https://apple.news/
Read in POPSUGAR: https://apple.news/
U.S. death rates from suicides, alcohol and drug overdoses reach all-time highWest Virginia and Ohio far outpace other states in drug overdose death rates.
Read in NBC News: https://apple.news/
Read in NBC News: https://apple.news/
Cheerios, Nature Valley cereals contain Roundup ingredient, study findsAn environmental group says the results show many glyphosate levels above what it considers safe for children
Read in CBS News: https://apple.news/
Read in CBS News: https://apple.news/
USA / CANADA
Soft inflation data on Wednesday could spark more speculation for a rate cutConsumer price inflation was expected to have increased at a pace of 1.9% in May, slower than in April and below the Federal Reserve's 2% target.
Read in CNBC: https://apple.news/
Senators clinch votes to rebuke Trump on Saudi arms saleSenators have locked in the votes needed for an initial move to block President Trump’s Saudi arms sales, paving the way for a high-stakes veto showdown.
Read in The Hill: https://apple.news/
Trump will want trade deal with China before 2020 elections, says DWS senior executiveUS President Donald Trump will probably want to reach a deal with China in the trade war by next year in order to avoid hurting the American economy before the 2020 elections, according to a senior executive at DWS Group, Deutsche Bank’s asset management…
Read in South China Morning Post: https://apple.news/Av-
EMERGING MARKETS
Trump's Secret Deal Gives Mexico 45 Days to Prove It Can Reduce MigrationJune 12, 2019 Border Apprehensions In 2019 Have Already Broken 10-Year Record 'Only 7 Months In' U.S. President Donald Trump inadvertently revealed details of an immigration deal with Mexico that had not yet been disclosed, following an agreement struck between the countries. Last Friday, Mexico agreed to try to curb the flow of migrants from Central America by deploying 6,000 members of a new national guard across its border with Guatemala. The measures would mean Mexico could avoid import
Read in Newsweek: https://apple.news/
Putin's Syria playbook: Next stop Venezuela?If Putin decides to escalate Russia’s involvement in the Venezuelan crisis, he may lean on methods honed in Syria.
Read in The Hill: https://apple.news/
Gold Tells a Shocking Story in Venezuelan Currency TermsMark Hulbert writes that one shouldn't assume gold is always a good hedge against inflation. Gold's performance in Venezuelan-Bolivar terms comes as a shock to those who blithely assume that the yellow metal is a good hedge against hyperinflation. This isn't to say gold hasn't put up a valiant effort. It has risen 10,700% in Bolivar-denominated terms since the end of August, according to Bullion Rates. But it still hasn't come close to keeping up. According to Claude Erb, a former commodities
Read in TheStreet: https://apple.news/
President Trump wants increased protections for Venezuelans fleeing to U.S.President Trump said he's looking to extend Temporary Protected Status (TPS) to the thousands of Venezuelans who have fled to the U.S. as a result of the violent unrest in their home country, reports AP.
Read in Axios: https://apple.news/
MIDDLE EAST
Friends, Foes, and Frenemies: Who's Fighting Whom in SyriaSyria’s civil war doesn’t have two clearly defined sides. Hundreds of opposition groups have taken up arms against the Assad government—and sometimes each other. The conflict has also become a proxy war for countries including the United States, Russia, Iran, and Turkey. Not to mention the Kurds, Hezbollah, and ISIS. Here are the main players...
Read in Mother Jones: https://apple.news/
A Twisted Timeline of US-Russian Relations in SyriaThe United States and Russia are on opposite sides of the Syrian conflict. Except when they’re not. While Washington backed anti-government rebels, Moscow rode to the rescue of Bashar al-Assad. But they’ve also worked together to push a peace process and defeat ISIS. View this timeline as an image September 2015 Russia: After establishing an...
Read in Mother Jones: https://apple.news/ADBY-_
Iran-US negotiations have already started — just not face-to-faceTehran’s posture on direct talks, the nuclear deal and regional policy are now negotiable.
Read in The Hill: https://apple.news/
Turkey: US ultimatum over S-400s 'not in spirit of alliance'The language used in a letter sent from United States to Ankara regarding Turkey's removal from the F-35 fighter jet programme does not suit "the spirit of alliance", Turkish Defence Minister Hulusi Akar has said. US acting Secretary of Defence Patrick Shanahan's letter to his counterpart had outlined last week how Turkey would be pulled out of the multi-country F-35 fighter jet programme unless Ankara changes course from its plans to purchase Russian S-400 missile defence system as of July 31.
Read in Aljazeera: https://apple.news/
Five years on, still no justice for Iraq's Camp Speicher victimsToday marks five years since the Camp Speicher massacre, in which an estimated 1,700 unarmed cadets were executed by the Islamic State in Iraq and the Levant (ISIL), and hundreds more were arrested and disappeared by Iraqi government forces. For the victims' families, today is a stark reminder of the Iraqi government's consistent and overwhelming failure to determine their loved ones' fates and whereabouts, and to bring the perpetrators to justice. On June 12, 2014, thousands of unarmed cadets
Read in Aljazeera: https://apple.news/
AFRICA
Zimbabwe: Govt to Establish Gold Centres, Move to Reduce Gold LeakagesGovernment has announced plans to set up some gold buying centres to allow small scale miners easier access to its gold procurement arm, Fidelity Printers and Refineries. The move is also aimed at safeguarding gold leakages as well as provide closer attention to the welfare of artisanal miners whose activities have often resulted in fatal mine accidents and physical clashes. This was announced by Information Minister Monica Mutsvangwa at a post cabinet media briefing in Harare on Tuesday. "The
Read in AllAfrica: https://apple.news/
Zambia Is Confident In Its Mining Future: An Interview With Minister Richard MusukwaIn this interview with Richard Musukwa, Zambia's Mining minister, he explains why he remains confident in the country's mining future in spite of the glaring challenges.
Read in Forbes: https://apple.news/
Zimbabwe: Zim to Clear U.S.$605m DebtZimbabwe is on course to clear its US$605 million debt with the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank early next year, Finance and Economic Development Minister Professor Mthuli Ncube has said. In an interview on the sidelines of the ongoing 54th Meeting of Boards of Governors of the AfDB and the 45th Annual Meeting of the African Development Fund here, Prof Ncube said the country was complying with requirements that will pave way
Read in AllAfrica: https://apple.news/
Zimbabwe: Councillors Threaten to Unleash Starving Villagers On 'Corrupt' Gmb OfficialsCouncillors in the Zibagwe Rural District Council (ZRDC) have threatened to mobilise villagers to invade the Kwekwe's Grain Marketing Board (GMB) whose "corrupt" officials have allegedly frustrated their attempts to access drought relief grain on behalf of people they represent. Councillors told Kwekwe District Administrator (DA) Fortune Mupungu at a special council meeting Tuesday that they were being made to spend nights in the cold while waiting to be served. They said corruption has become
Read in AllAfrica: https://apple.news/
Zimbabwe: Government to Evict Land InvadersGovernment says more than 400 land invaders will be removed from the areas they have illegally settled themselves before the start of the rain season. Lands Ministry permanent secretary Ringson Chitsiko Tuesday told parliament's lands committee that those in dire need for land will be resettled, adding that former farm workers were causing serious problems in farms. The top government official urged former farm workers to remain within compounds they were left by their former employers until
Read in AllAfrica: https://apple.news/AH_
Uganda: How Govt Plans to Fund Public Debt in 2019/20 Financial YearPublic debt has been rising and the same applies to money allocated for refinancing. This has been the phenomena since 2013 and many low income developing countries have fallen victim to a rapid spike that experts have warned "might be a walk in the a wrong direction." The debt levels, which have been rising for about five years now, have subsequently amplified debt vulnerabilities across Africa, Uganda inclusive. However, Uganda could still be in a safe zone. But for how long? Uganda is
Read in AllAfrica: https://apple.news/AX_
African brands are losing their appeal across the continent in favor of global playersThe most admired brands among consumers in Africa are not African. That's not entirely surprising given the wide reach of established global brands which typically have far more financial and human capital and have built brand equity spanning several decades. The more worrying thing though is that African brands appear to be becoming less admired by...
Read in Quartz: https://apple.news/
ASIA
Shinzo Abe arrives in Tehran to ease US-Iran tensions, first Japanese premier to visit since 1979 Islamic RevolutionShinzo Abe arrives in Tehran to ease US-Iran tensions, first Japanese premier to visit since 1979 Islamic Revolution
Read in ABC News: https://apple.news/
In Trump’s Multifront Trade War, Mexico’s Okay, China’s Definitely NotChina trade data suggests more headwinds to come, especially if Trump raises tariffs on $300 billion more of their imports.
Read in Forbes: https://apple.news/
WRAPUP 1-China bank loans rebound, more policy easing may be needed* May new loans at 1.18 trln yuan vs forecast 1.225 trlnyuan
Read in Reuters: https://apple.news/
Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to techThe Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both…
Read in South China Morning Post: https://apple.news/
China’s consumer inflation rises to 15-month high amid pork crisis, African swine fever epidemicChina’s consumer inflation jumped to its highest level in 15 months in May, driven largely by soaring fresh fruit and pork prices as the effects of the African swine fever epidemic showed few signs of abating. The consumer price inflation (CPI) rate…
Read in South China Morning Post: https://apple.news/
EUROPE
UK's Johnson, in pitch to be PM, says not aiming for no-deal Brexit
Former British Foreign Secretary Boris Johnson said he was not aiming to leave the European Union without a deal but it was only responsible to prepare for no-deal as he launched his bid to replace Theresa May as Prime Minister.
Read in Reuters: https://apple.news/
Boris Johnson backed arms sales to Saudi Arabia despite civilian deaths in Yemen, email shows
Boris Johnson pushed for UK arms sales to Saudi Arabia in the midst of a bombing campaign in Yemen blamed for the deaths of dozens of civilians, newly released emails show.
Read in The Independent: https://apple.news/ADKPO-
Greek housing sector rebound gains pace as economy recovers
* Residential property prices rise 4% y/y in Q1 * Economic recovery, foreign interest drive uptrend * Home prices had plunged 42% since 2008 peak By George Georgiopoulos ATHENS, June 12 (Reuters) - The recovery in Greece's housingmarket gained speed in the first quarter, central bank datashowed, with an expanding economy and growing foreign interestlikely to keep the uptrend intact. Property accounts for a large chunk of household wealth inGreece, which has one of the highest home ownership.
Read in Reuters: https://apple.news/
Donald Trump takes aim at eurozone in furious series of tweets ‘Euro is devalued!’
DONALD TRUMP took aim at the euro in a series of furious tweets where he claimed the single currency of the eurozone was devalued. The US President also renewed complaints about the Federal Reserve, while berating US interest rates for being too high. Tweeting on Tuesday evening, Mr Trump said: “The Euro and other currencies are devalued against the dollar, putting the US at a big disadvantage.” The US President failed to explain why he felt the US was at a disadvantage but he continued:
Read in Express: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI Closed on Friday and Saturday
The currency auction is
There are no news and announcements.
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
6-14-2019 Newshound/Intel Guru Mnt Goat I have some fantastic news for you about the reinstatement. ...I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand. What do we know...: We know that Mahdi has until the end of June to “complete” his cabinet. ...it appears the end of June is the end of the current legislative term. Why is this important? If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June. [post 1 of 2....stay tuned]
6-13-2019 Intel/Newshound Guru sandyf holiday inn is actually accepting other currencies for motel room payment. This idea is incorrect and obviously causing some confusion. Online payments are invariably done by a payment processor and they determine currency requirement, not the company concerned...It should also be borne in mind that in order to make the payment you would need a card funded in the currency selected. If Iraqi banks issue cards in IQD it would be up to the processor if such cards were accepted, nothing to do with Article 8, although wider use of the currency is a move in the right direction.
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru MarkZ The news is not all bad… In Iraq...CBI has been very active this week posting many good articles…Its 100% been the US Treasury stalling our release is what I am told. I guess they thought if they kept stalling it...the US would maintain its control over the world banks. [Is it true that the US Treasury owns 55 Billion in dinar?] I have heard that exact same figure. [Is today “value day”] I do not know…wish I did…Could it happen today? Yes it could…we just don’t know.
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Newshound Guru Bloodloch "Preparation for the conference to launch electronic travel cards" What an awesome article, G-Lin...This could be the international revaluation we've been waiting for. [reference Guru G-Lin post 6-12-19]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3
Parliament finishes reading six bills
2019/6/13 16:05
[Baghdad-where]
The House of Representatives has finished reading six bills. The Council concluded the second reading of the draft law on the ratification of the Convention on the avoidance of double taxation and prevention of financial evasion in respect of income tax and capital between the Government of the Republic of Iraq and the Government of the United Arab Emirates and the first reading of the draft law of accession of the Republic of Iraq to the Minamata Convention on mercury.
The first reading of the draft law on the accession of the Republic of Iraq to the UNESCO Convention on the Protection of Underwater Cultural Heritage and the first reading of the draft law on accession of the Republic of Iraq to the Paris Convention to the 1992 United Nations Framework Convention on Climate Change.
The first reading of the draft law on the accession of the Republic of Iraq to the 1995 Grain Trade Agreement also ended the first reading of the draft law on the ratification of the Agreement on the Exemption of Holders of Diplomatic Passports and Official Service from the entry visa between the Government of the Republic of Iraq and the Government of the Republic of Serbia.
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ARTICLE 4
NEWS_CD_IMPORTANT URGENT Two explosive devices explode in Baghdad
2019/6/13 23:09
"A terrorist act by a roadside bomb in Al Wathba Square in Baghdad," a statement by the security information cell received by the Iraqi news agency KAL.
"Another bomb also exploded in the Shula area," the statement said. It was not yet clear whether there were casualties or damage, but the media said it would announce later.
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ARTICLE 5
The arrest of two farmers in Diyala
2019/6/13 22:33
[Diyala-In]
The security information cell announced on Thursday the arrest of two accused of burning agricultural crops and threatening farmers in the name of Dahesh for the purpose of paying "royalties" in Diyala.
"An intelligence force has arrested two suspects in the Qara Tabah and Gatoun districts of Baquba, burning crops and threatening farmers with the name of a rapper for the purpose of paying ransoms," the cell said in a statement.
"The arrest was based on the statements of two farmers by the Directorate of Intelligence and Anti-Terrorist Diyala," the statement said.
It is noteworthy that the Ministry of Agriculture announced on Saturday (June 8, 2019), the total area of agricultural fields burned during the current agricultural season, where the total agricultural land burned during the period from May 8 to Friday, June 7, about 37 thousand acres, while Some 97,000 dunums of land were saved, while some 269 fire incidents were recorded.
Agricultural fields have seen a series of fires across Iraq, and there have been conflicting reports about the reasons, with officials likely to be diverse and divided between personal differences and ignorance of safety and sabotage.
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