DINARESGURUS.BLOGSPOT.COM_________ DINARESGURUS.BLOGSPOT.COM__________________

Saturday, March 18, 2017

DINAR UPDATES CHAT, 18 MARCH

Dinar Updates Saturday AM Chat  3-18-17   Part 1 of 2

loop says():Abadi adviser denies meetings of the International Monetary Fund failed Meeting held in Amman 

Business & Finance

Economy News / Baghdad ...Financial Advisor to the Prime Minister Dr. denied the appearance of Mohammed Saleh, the news that talk about the meetings of the International Monetary Fund failed Meeting held in Amman.

Saleh said in a statement received "Economy News" Personally, I attended an important aspect of the second revision of the standby credit agreement consultations with the International Monetary Fund and the results have been very successful fund
...
and will issue a final statement in this regard and there is some statistical data and digital facts regarding the expenditure of public revenue lost Fund Notes broader request will be presented at the end of next April.

He said in the statement, that the Fund praised the Iraqi government's ability in the face of terrorism and Aldaasha impressive victories achieved under exceptional economic circumstances .oan program with the IMF is going normally and typically very successful.

Noting that the fifth column Aldaasha is touting it to find a crack in the international relations of Iraq, a media and psychological war because of victories in Mosul.

loop says():http://www.dinarupdates.com/showthread.php?47508-Abadi-adviser-denies-meetings-of-the-International-Monetary-Fund-failed-Meeting-held&p=171118#post171118

loop says():Personally, I attended an important aspect of the second revision of the standby credit agreement consultations with the International Monetary Fund and the results have been very successful fund

loop says():the results have been very successful
loop says to Doug_W):GM

loop says():The recovery of the dinar and the window of buying and selling the dollar   
Samir Nasiri. Banking expert

Loomed on the horizon , new indications that the dinar is moving towards gradual recovery for several reasons , notably the central bank since January last application of a new system for window buying and selling the currency and the abolition of the role of intermediaries and fine control over the movement and circulation of foreign currency, as well as making sure they arrive to the last beneficiary in addition to commitment flour for banks and their cooperation with the central system in the new application.

The recent instructions issued by the special adoption of new mechanisms central to facilitate the previous procedures routine in the use of foreign currency for the purpose of coverage of imports and the emphasis on the identification of the last beneficiary in order to maintain Iraq 's money from the misuse,

where he announced Iraqi Central Bank Governor Ali Mohsen Keywords during frequent meetings with leaders the central bank will adopt in 2017 a new vision applications monetary policy for the purpose of achieving the goals set out in the law No. 56 of 2004.

The most important of these goals to maintain the dinar 's exchange value and hedged foreign currency rate through the construction of foreign cash reserves in accordance with international standards in the calculation of the cash reserve to cover the dinar and coverage of imports entering Iraq.

Also , the main objective the other is to maintain foreign from the use of non - economic and developmental its purpose currency, so the central work of the past two years steps deliberate and sequenced and coordinated with the government agencies concerned with maintaining the independence contained in the law where procedural and organizational and structural policy and issued a Strutijeth years (2016 --2 020) and select targets to achieve financial stability and development of the banking work technically and structurally and organizationally in order to reach financial inclusion ,

where he was in 2016 in the preparation and development of appropriate financial and technical foundations of the reality of the Iraqi economy and mechanisms of the banking business.

What the form of a solid base - wide home and abroad and led to the transfer of the case of the Iraqi economy , basic Bhlqath, most notably the financial sector, the follow - up phase to the gray stage based on the report of the competent international financial organizations.

All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure.

The second pillar is to deal with the banks on the basis of Matkdmh of new services and high - level banking products and restore the public banking sector confidence, in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role.

The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls

and adopt transparency the disclosure of the ultimate beneficiary in order to achieve the goal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development , and not directed to other purposes.

loop says():http://www.dinarupdates.com/showthread.php?47510-The-recovery-of-the-dinar-and-the-window-of-buying-and-selling-the-dollar&p=171120#post171120

loop says():the main objective the other is to maintain foreign from the use of non - economic and developmental its purpose currency,

loop says():All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure.

loop says():The second pillar is to deal with the banks on the basis of Matkdmh of new services and high - level banking products and restore the public banking sector confidence,

in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role.

loop says():The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls and adopt transparency the disclosure of the ultimate beneficiary in order to achieve the goal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development , and not directed to other purposes.

loop says():So they haven't just been sitting around eating falafels!

digiman1 says):mornin loop :) nope....and its just a matter of time till they press that 'go ahead...make my day' button...

larrykn says():didn't they just complete the insurance of the cbi?

larrykn says():gm Digi :)
larrykn says():   http://www.rudaw.net/english/middleeast/iraq/170320171 
​loop says():Insurance Association of Economy News: Start insure their ATMs for banks

Banks   Economy News / special
Iraqi Insurance Association revealed begin to insure their ATMs of the banks and spread throughout Iraq mechanism.

The head of the Iraqi Insurance Association Abdul Hassan Ziadi in an interview for "Economy News" that the intention of the Assembly, which includes all insurance companies operating in the Iraqi market, to start a business insurance ATM of Iraqi banks and, who is usually in public places of the departments and companies, and Malls commercial and social clubs in cooperation with the relevant banks.

Ziadi stressed that this project is considered a pioneer in the Iraqi insurance market, pointing out that he "never undertake such insurance in Iraq," which would provide a service to citizens through a wider ATM in the markets and public places spread, which represents the phenomenon of civilization developed serve the economy.

There are in Iraq (33), an insurance company of three state-owned companies and 30 civil company.
 
clay says to buckaroo():whats up brother
buckaroo says to clay():not much, catching up on the news, trying to figure out what the bgg take on it was

clay says to buckaroo(:):let me know I'm workin :(
buckaroo says to clay():ok

flint says():hBgg was talking about the IMF meeting in April... very interesying

jfd says():It sounds a little bit like the IMF maybe kicking the can down the road until end of April??
 ...
Society says to jfd():Perhaps but the statement ofthe proxy Finance Minister intrigues me...

Society says to jfd():Issa said in a brief statement received / balances News /, copy of "The talks with the IMF, which took place in Amman, Jordan, was a success."

He added, "The next meeting will be in Washington, and will announce the results of agreements in support of the development of the Iraqi economy."

Society says to jfd():What agreements did they make that caused them to continue the meeting in April???
Society says to jfd):IMO, ultimately Iraq needs to be formally moved to Art VIII by the IMF

Society says to jfd():They cannot do so until they stop the MCP

Society says to jfd():They cannot stop the MCP until they have a functional currency in order to eliminate the economies utilization of the USD

Society says():Since they are not flooding the market with the current three zeros and they have clearly indicated their intention of releasing LD's and restructuring their currency as part of the delete the zeros project, is this the "agreements made" at this time???

Therefore, perhaps when they resume talks in April, if the results are anticipated, perhaps the official Art VIII move could take place and then the WTO membership could move forward.......

Society says():Just some thoughts....

jeffusa says():The leader of the popular crowd Karim al-Nuri, Saturday, that the battle for Mosul nearing completion in light of the significant progress of the security forces, while suggesting that it is waiting for the orders of Prime Minister General Commander of the Armed Forces for the Liberation of Haider al-Abadi Afar.

Nouri said in a statement / information /, said that "the battle to liberate the city of Mosul nearing completion leaving only a few days and will be announced on the right coast full liberalization of the city which is witnessing great progress of the security forces."

"The results page six of operations resulted in more than 700 people dead Daashaa and completely destroyed hundreds of car bombs and battalions Angmasah and edit dozens of villages as well as the provisions of the ring on Tal Afar and Baaj and Kairouan."

Nouri stressed that "the leadership of the crowd waiting for the orders of the Commander in Chief of the Armed Forces to initiate the liberalization of Tall Afar after completely cordoned off," adding that "orders edit Afar imminent and will be edited at the hands of the sons of the city and the backing of the popular crowd forces."

Nouri said that "the crowd began to think about the upcoming battles and destination and the next will probably be south of Kirkuk, Hawija or western Anbar curse and Rawa and Qaim

jeffusa says():Iraqi government forces besieged ISIL militants around Old City of Mosul edging closer to the historic mosque from where the group’s ringleader made his infamous speech nearly three years ago.

The militants, holed up in houses and darting through alleyways, resisted with sniper fire, suicide attacks and car bombs, Al Shahid reported.

Though heavy rain hampered the advance, Federal Police and rapid response unit troops reached points about 500 m (yards) from the centuries-old al-Nuri.

The black flag of ISIL terror group was clearly visible draped from its famous leaning minaret.

Meanwhile, spokesperson of the Iraqi defense ministry, Yahya Rasoul al-Zubeidi, said that the ISIL militants are now completely under seizure in Western Mosul and called on the militants to surrender themselves to the Iraqi forces.

Al-Zubeidi told Sky News that ISIL militants now have two options either to surrender or they would face death.

He added that the Iraqi troops are now making smooth advance in Western Mosul and will liberate the remaining districts still under ISIL control soon.

The government forces have made significant gains in recent days in a battle that started in October, seizing a main bridge over the Tigris river and closing in on the mosque.

“We are holding positions we took yesterday. There is a lot of resistance in that area with snipers and car bombs,” Federal Police Major General Haider Dhirgham told Reuters.

The capture of al-Nuri Mosque would be a huge symbolic victory as well as a concrete gain.

jeffusa says():“It’s important for them, it’s where they declared their state,” Dhirgham said, speaking at a police forward base as refugees trudged through the muddy streets and wrecked houses.

ISIL leader Abu Bakr al-Baghdadi chose the mosque as his backdrop for announcing the a self-proclaimed caliphate spanning Iraq and Syria in July 2014.

Since then, Mosul has been the terror group’s main urban stronghold in Iraq but it has steadily lost ground since the offensive began. Iraqi leaders say the battle is reaching its final stages.

Several more areas of Western Mosul had been recaptured, including the hospital, in recent days but officers said progress was slowed by car bombs and booby-traps in houses and alleyways, as well as the bad weather.

ISIL hit back with sporadic attacks on government positions, including mortar fire. Suicide bombers had driven explosive-rigged cars at troops, Dhirgham said.

Government forces responded with mortars and helicopter gunships strafed militant positions from above.

Police said they had killed nine militants who tried to counter-attack one of their positions with rocket-propelled grenades.

“Federal Police drones bomb dozens of fixed and mobile ISIL targets in the perimeters of the Grand Mosque,” a later police statement said.

jeffusa says():   http://en.farsnews.com/newstext.aspx?nn=13951228000689

clay says to admin():Nouri said in a statement / information /, said that "the battle to liberate the city of Mosul nearing completion leaving only a few days and will be announced on the right coast full liberalization of the city which is witnessing great progress of the security forces."

Mudder says to admin():GM BGG.... Saw your article from lastnight.... It would appear the "coming days" is unlikely...lol

subgirl says to falconspirit(): did you see the articles about Iraq this morning from loop???
falconspirit says():yes im catching up on them now
subgirl says to falconspirit():there was some awesome articles... WOW!

falconspirit says():Everyday it just gets better.

subgirl says to falconspirit():yep it does and Iraq is coming right along! :) almost done with mosul! 
F​alconspirit says():can't wait to see the humanitariam projects get going and get these people back to their own homeland

subgirl says to falconspirit():yes that will be awesome when the Iraqis go back to their own homes... and they start rebuilding...

falconspirit says():and when they rebuild, they can utilize the new tech. its going to be soo wonderful

subgirl says to falconspirit():yes it is... Iraq is going to be one of the wealthiest countries...
subgirl says to falconspirit():maybe the biggest wealthiest country!

falconspirit says():(lol)

subgirl says to falconspirit():I think I saw an article that said 85% taken by Iraqi Forces...
subgirl says to falconspirit():of course not the biggest lol I just realized what I wrote lol lol

Parliamentary Foreign Affairs was in contact with "foreign countries" to restore Iraq's properties abroad worth billions of dollars, 18 MARCH

BAGHDAD / Press tomorrow:

The Chairman of the Parliamentary Committee on Foreign Relations, Abdul Bari Zebari said on Saturday that his committee contacted a group of countries, and coordinated with the relevant ministries in order to restore state property abroad, which is equal to billions of dollars.

Zebari said for "counting Press," that "the Committee on Foreign Parliamentary Relations contacted Bmjuah from countries where there is the property of Iraq from the former regime," noting that "there is a large property on the property of the former regime and we are coordinating with the special ministries to return the money to Iraq, including the process of where the money smuggled after before a fall. "

He added, "There are land and houses and property worth billions of dollars abroad," stressing that "the Foreign Relations Committee made a field visit to Iraqi sites and property abroad to gather information and coordination with the external traceable." 

LINK

KAPERONI TIDBIT, 18 MARCH

"Detection 3 "goals" Abadi seeks to achieve"


Quote:
"...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..."


To me, this says they better get to work..and soon... "there are no plans for further lending".

"United States of Africa" - Revaluation News - Saturday - 3/18/17

ZIM currency rose sharply this week climbing to $2.25 USN before it was pulled from back screens early Saturday morning.

Simple supply and demand with the new ZIM bond / currency notes is the reason as to why.

http://www.herald.co.zw/bond-notes-now-at-102m/

HSBC will be handling all ZIM bond/currency redemptions within the USA--via USA military protection--on USA military facilities. A regular "United States of Africa" yes?

All other fiat currency redemptions will be handled through traditional retail banking brands across the USA, Tiers 1 through 4.

HSBC is the Chinese Elders global retail banking arm and why they were chosen to reconcile all captured fiat currencies from all banks worldwide.

A separate ZIM specific 800# will be given out by all USA retail bank operators once the RV begins (anytime this weekend), and the second operator will set your ZIM specific appointment unless you call HSBC directly.

USA retail banks will receive a digital credit for sending Zim holders to HSBC, but not be allowed to redeem into hard principal due to past fraud against humanity.

This sad truth includes legacy leadership boards at Wells Fargo, Chase, Bank of America and Citibank (aka mankind's former enslavers). Ultimate power corrupted ultimately.

Your accounts are safe now, including your newly redeemed digital accounts, but they weren't over your entire lifetime before this event.

Anyone telling you otherwise is leading you off a steep liar's cliff to hide their sins. And any innocent or covertly treacherous mouth pieces spitting out such lies will be dealt with post RV.

It's time to choose sides Dinarland, God or not God.

Reno sub-group paymasters and sending out initial tranche wires if updated banking information has been verified and sent back in.

We're told these paymasters are climbing batches from front to back.

If anyone is in a group, it's wise to keep an eye on your emails now. Sadly many will soon realize their currency group leaders, prosperity package facilitators and humanitarian entities are utterly fraudulent.

We have first hand knowledge that Chase is accepting in-bank currency conversations come Monday morning (3/20/17) for VND, IQD and IDR. But not ZIM for the reasons stated above.

There is no limitation on ZIM sovereign rates (estimated @ $125,000 USN as a final central bank holding value), it's truly an "open checkbook" whereby every redeemer will be allowed to fill in their own blank (pick their final redemption amount).

So stretch your wings human angels. The invisible RV is now ready to shine brightly through the dark of night at some pre-s destined time this weekend.

Meaning, your time to lead the old world into the new is also now... and for the rest of your economic missionary life.

Historic stuff indeed, with unprecedented sacrifices upcoming to be certain.

Sobeit.

Aloha Ke Akua

FIREFLY CC, 18 MARCH


DINAR GURUS UPDATE, 18 MARCH

3-18-2017   Intel Guru Frank26  Article: "Abadi, head to head an official delegation to Washington to meet with Trump IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.

3-18-2017   Newshound Guru Mnt Goat
   Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..."   So we can see they moved the target to end of March/early April for full liberation of the region.  We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...

3-18-2017   Newshound Guru Kaperoni   Article:  "Detection 3 "goals" Abadi seeks to achieve"  Quote:  "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..."   To me, this says they better get to work..and soon... "there are no plans for further lending".

3-18-2017   Newshound Guru Mnt Goat
   Article quote:  "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company."   Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.

THE BIG CALL NOTES TIDBIT, 18 MARCH

From the Big Call Thursday Night  

Bruce   We are in a situation now we are so close to the blessing to fruition... we are so close that we don’t want to say anything to jeopardize our position in this. 

Trust me to believe we are in a really good position right now to stay virtually quiet. 

There may be some announcement coming in near future we are looking for.

The Intel has been light the last couple of days, but things are being done behind the scenes...we are in the right place at the right time.

BGG TIDBIT, 18 MARCH

BGG :   Quote:  “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC."

This is saying these finalization talks were already started...and will resume - (at the latest) in D.C.  

Quote:  “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” 

Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited.

Quote:  "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." 

Exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing.  INTERNATIONAL MONETARY FUND.
 
Q: [...can the CBI make a move before the DC meetings?] 

BGG: The CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to?  Without international acceptance - there is no market. 

KTFA UPDATED, 18 MARCH

KTFA:

Frank26:  Article:   Abadi, head to head an official delegation to Washington to meet with Trump 
 LINK
As we suggested IOO (In Our Opinion) on CC's this week................. The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.................. TA Affirmative DA

AndySwan:  Article:   Iraq begins new consultations with the IMF and the World Bank late next April
Iraq's relationship with the IMF is just not going to abruptly end when the RV happens.  They will continue to have meetings for years to come. Once the IMF has their tentacles in you, it'll be a long time before they let go.  How do you think the IMF profits?

For most us, the RV is the end.  For Iraq's economic future, the RV is just the beginning.   Personally, I will be finding ways to profit from Iraq's prosperous future, post RV.  Stock Market, Real Estate (maybe in the form of REITS.)  Would love to own some land in Basra.

Frank26: Yes ............... For Your CC's this week said ............ "FAMILY even AFTER the RV the CBI will continue to meet with the IMF every three months".     Yup.
IMO ....................... Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy .................. Everyone knows this ............... Especially T. IMO ............. There is now a Window for a T - Time.


Upstart:  Aid memoire.  Briefings on Iraq.

I know that many of us have been in this for more years than we care to remember, but I think it is time to look back at how this glorious adventure started.

My greatest fear is that at some point in the future, Hollywood will produce a film which suggests that it was solely an American achievement.  An example of this sort of thing is the film A Bridge Too far which included American troops, despite it being an entirely British disaster of which, we are very proud.  The most glaring example of Colonial trickery is the false claim of capturing the Enigma machine in the film U-571. Despite Hollywood always grabbing the glory, we Brits remain loyal in the 'special relationship'.

I am sure you will agree that it is only right and proper that we keep the record straight between us and I have found two excellent reports in the archives that I can share with you.
First video report 

A senior British Army officer is interviewed and gives a candid view of our preparations for the liberation of Iraq.

Link:      Senior british Army officer interviewed before Iraqi invasion

Second video report

A British Diplomat shares how our post-invasion plans for Iraq were prepared in great detail and were exclusively intended to benefit the Iraqi people.

 Link:      British diplomat explains plans for Iraq liberation

I hope everyone finds this educational and acknowledges the part played by Great Britain. Myself and the Basra Boys are very proud of how our country contributed to the disaster and we're sure you couldn't have done it without us.

Samson:  and I would also give a massive shout out to our Aussie boys who have played a large role in training the Iraq troops and the bombing raids - even had a snippet on tv the other night how the Americans were jealous of a certain plane we have and what a marvelous job it has done - they even interviewed an American colonel or high rank talking about this.

************

Samson:   The recovery of the dinar and the window of buying and selling the dollar

Samir Nasiri. Banking expert : 18/03/2017 - 09:59

Loomed on the horizon , new indications that the dinar is moving towards gradual recovery for several reasons , notably the central bank since January last application of a new system for window buying and selling the currency and the abolition of the role of intermediaries and fine control over the movement and circulation of foreign currency, as well as making sure they arrive to the last beneficiary in addition to commitment flour for banks and their cooperation with the central system in the new application.

The recent instructions issued by the special adoption of new mechanisms central to facilitate the previous procedures routine in the use of foreign currency for the purpose of coverage of imports and the emphasis on the identification of the last beneficiary in order to maintain Iraq 's money from the misuse, where he announced Iraqi Central Bank Governor Ali Mohsen Keywords during frequent meetings with leaders the central bank will adopt in 2017 a new vision applications monetary policy for the purpose of achieving the goals set out in the law No. 56 of 2004.

The most important of these goals to maintain the dinar 's exchange value and hedged foreign currency rate through the construction of foreign cash reserves in accordance with international standards in the calculation of the cash reserve to cover the dinar and coverage of imports entering Iraq.

Also , the main objective the other is to maintain foreign from the use of non - economic and developmental its purpose currency, so the central work of the past two years steps deliberate and sequenced and coordinated with the government agencies concerned with maintaining the independence contained in the law where procedural and organizational and structural policy and issued a Strutijeth years (2016 --2 020) and select targets to achieve financial stability and development of the banking work technically and structurally and organizationally in order to reach financial inclusion , where he was in 2016 in the preparation and development of appropriate financial and technical foundations of the reality of the Iraqi economy and mechanisms of the banking business.

What the form of a solid base - wide home and abroad and led to the transfer of the case of the Iraqi economy , basic Bhlqath, most notably the financial sector, the follow - up phase to the gray stage based on the report of the competent international financial organizations.

All this has led the central bank to begin a new phase in the year 2017 based on the four pillars of the first of is work and dealing with banks with new mechanisms raise about the pressures of the previous instruction militant and granting flexibilities and allowances and the many facilities in order to achieve the central goal of economic reform and the banking relies transparency and disclosure.

The second pillar is to deal with the banks on the basis of Matkdmh of new services and high - level banking products and restore the public banking sector confidence, in addition to the financial results and the extent of its commitment to implementing the monetary policy of the Central Bank of trends and its impact on the actual contribution to the GDP and its contribution to sustainable development and the transition from the role of banking to the developmental role.

The third is to deal with the banks, according to the standards of classification adopted by the Central as of 2017 and actually appeared to deal with the banks and accordingly, fourth pillar is the issuance of central bank in the fifteenth of January last new mechanisms to regulate the mediation of banks between the importers and the World Bank relies facilitate procedures and controls and adopt transparency the disclosure of the ultimate beneficiary in order to achieve the goal of the bank to maintain the exchange rate and ensure the use of foreign currency in order to meet the needs of the economy and market development , and not directed to other purposes.

http://economy-news.net/content.php?id=6923

ONE WHO KNOWS UPDATE, 18 MARCH

Understanding The GCR Energy Shift

It is easy to think of this GCR as a simple Financial event, but it is far more than that. In fact, it is so HUGE that not only will your bank account "Feel" the change, so will every person (Being) on Earth. I want you to REALLY understand the big picture of the "Impact" of this financial event. This post is going to be extremely profound, and will forever change your view of this GCR event.

The Meaning-Fate Connection

To understand what is about to happen, we need to clearly understand that Meaning and Fate are Cause and Effect. Facts have no impact on the future, only Meaning does because only meaning vibrates and thus creates/elicits the Future. Since Meaning dictates the future by creating what is meant (By Meaning) to be, then is easy to realize that Meaning creates Fate, what is meant to be. If Meaning changes, fate changes. Simple as that.

The Placebo Example

The example I like to use over and over again is one that has been well documented and proves this Meaning-Fate relationship. In short, the man had advanced cancer with orange size tumors all over his body and was expected to die in a matter of days. To be clear: Having Advanced stage 4 Cancer such as he had, MEANS, death in a few days at most. His Fate then is death in a few days. Death was MEANT to be, and so it would be. 

Meaning's Resulting Fate "Cascades" into the Future

However, what I have not talked about before is that other's fate was also involved in and effected by his meaning. When he died, his kids would no longer spend time with him. They would be getting his inheritance, and splitting up his belongings and might even move away as a result of his death. 

So this Meaning of certain death in days was very "Meaning-Full" which simply means FULL OF MEANING(s). It meant changes in his life and changes in lots of other people's lives as well. That is the cascading nature of Meaning. One thing means something else, which means something else, on and on into the future. Naturally, good "Working Out" meanings, or bad "Not Working Out" meanings create a fate that impacts the near and distant future alike.




Fate Was Changed

In our example the cancer patient was told that he was given an injection of a miracle cure drug, so he was cured and cancer free in 10 days. The injection was only water, but we know that facts have no influence on the Future/Fate, only meaning does. So getting that injection MEANT that he would be cured and live, because it was meant to be (Some call this the placebo effect, but it is really the Meaning Effect). When he changed his meaning to now Meant To Live, his Fate was literally re-written, and changed for the better. Importantly, not only was his fate changed, but all those people whose lives were going to be altered by his death and his will, were changed as well. Now, there would be NO inheritance, no life insurance, but instead they would have the company of their loved one instead. There will now be more birthday parties, fishing trips, time spent with the grand kids, in short, a way different fate.

If The GCR Were Just A Financial Matter

If the GCR was just a financial matter and the cabal were still in charge, its Meaning and impact on Fate would be much different. Sure it would make some of us rich and we might even impact the economy as well. But soon there would be taxes, and bank claw backs and it would be diminished greatly. It would be meaning-full, BUT not that FULL. In short it would mean a lot of things but not really big things relatively speaking. Fate would be changed, but not by much.

The GCR MEANS Everything!

But that is NOT the case. When the GCR actually goes Live, which it has been trying to do for years, it will mean a lot. It will be HUGELY Meaning-Full, jammed packed full of meaning. When the GCR goes Live, it will mean that war is over forever. It will mean that you will be rich and that everyone you will impact is going to have their life improved. It means that The gold Backed dollar will no longer be manipulated and that jobs will show up all over the World. It means that NESARA and GESARA will be on their way to give every person in the World more than enough money to quench their lack forever. It means new technologies, free energy, environmental cleanup, flying cars and travel to the Stars. It will mean perfect health for all including missing limbs growing back. It will mean the beginning of the new age and most importantly, it will mean that it is NOW UNSTOPPABLE. 

The World's Fate Will Be Re-Written All At Once

Not only will your Fate be forever changed, but so will the Fate of EVERY SINGLE LIFE FORM ON THIS PLANET be changed and re-written. Not only us on this Planet, but all the other civilizations we will now be interacting with. The entire World and every other Star nation will be effected and have a changed Fate all at once, when this actually goes live. 

Known & Un-Known

You will have your fate changed instantly, and be well aware of what that "Means" to you and the World. BUT, even those who are living under a bridge, with missing arms or legs, who have no home and are hungry most of the time, even their Fate will change in that instant as well. What once was their Fate, has in that exact moment Changed for the better and they don’t even know it. A wonderful life now lies in their very near future, just days, weeks, or months away. Every Fate will be re-written in that exact moment, when this goes live.

Expect A Feeling

Contrary to what most people think, Feelings are Not "Causal" in that they do not cause anything to happen. They are "Indicators" of the meaning that is in force. When the cancer guy thought he was going to die, he felt bad, because that meaning of dying soon, gives off (manifests) a bad feeling. However, when he changed the meaning to going to live, that meaning felt GREAT! Naturally, the more something means (More Meaning-Full) the stronger is the feeling good or bad. Life and Death matters have great meaning, thus they are not only very meaning-full, they have great emotions manifested as well.

Naturally, the Bigger the Meaning (More Meaning-full), the greater the change in Fate and also the more powerful is the resulting Feelings as well. That would mean that as HUGE as the GCR is, and what it MEANS to the World and everyone here, there should be a huge Great Feeling that sweeps across the World as well.

A Technical Matter

You might be wondering how a person's Fate can be re-written if they are not holding a meaning that supports that new fate. The answer is "eligibility." Here is the definition:

Eligibility is the boundaries of your experience. If you expect only great things to happen for you, then you are only eligible for that kind of experience. That means that your Fate can only include great outcomes and experiences. But if you see all the people getting sick and killed on TV, and know people who die from accidents and misfortune, then you believe in it, and thus are eligible for it as well. That means you could get hit by a bus or die of cancer and it was "within" your meanings (Fate) for that to happen to you.

So in our example of the guy living under the bridge and every other life form on the planet, they all have a hope for things to get better for them. While that hope is tiny, it hardly ever has the ability to manifest. Their belief in misfortune is way more than their belief in good fortune. However, in this case, this HUGE energy shift from the GCR and all it means, will cause the tiniest bit of hope to manifest into full reality. So it is their eligibility for good fortune, no matter how small it is, that allows them to have their fate improved in this way. 

However, by contrast, those who hold no hope at all in a better future, who have basically no eligibility, will have already died, or in some way won't make it to the good times. This is not a bad thing exactly, just a life path concluding as planned, no more and no less.

The Bottom Line

The bottom line is that the GCR is way more than a financial event, as it means that the new age will happen and soon. Once it actually starts, it is the end of the Cabal, and the beginning of everything good in the World. That is why the Cabal have done everything they could do to stop it. They know that once that switch is flipped, the energy signature and Fate of the World and every life on it will be changed instantly. That HUGE Meaning will not only cause huge changes in Fate, but will give off (Manifest) a good feeling that will be unmistakable. People will just start feeling better and they won’t even know why. Of course, we will know why and it will be even stronger for us for that reason. Because this GCR event is that important to the World and its energy signature, that is why it has taken so long to get it going. It HAS TO START PERFECTLY THIS TIME. But, as it turns out, it will be perfect this time and it is about to happen any minute now. Will you feel your fate changing right before your eyes right when the switch is flipped? It is a good possibility! ;-)

May You Get Everything You Want and Live The Life Of Your Dreams/Plans

Signed: One Who Knows

MNT GOAT UPDATE, 18 MARCH


MNT GOAT UPDATE, 18 MARCH

March 17, 2017 Mnt Goat News Brief

Hi Everyone,

I bring you much news today. 

The newsletter is very long today…sorry! But the good news is they are opening up to us and telling us what is happening. This newsletter is chock full of goodies. Please read all of it carefully. Maybe some of is not exactly what you wanted to hear now that it’s mid-March already. If you were looking for an RV date and rate today, again I am sorry!

As always my comments are in italic RED.

BAGHDAD (Reuters) - The Secretary of the Expediency Council in Iran, Mohsen Rezai, announced yesterday that "the coming weeks will see the restoration of Mosul completely. Said Rezai during a speech in Lorestan province, southwestern Iran, on Wednesday, "we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh, according to cities as quoted by IRNA.  
(So we can see they moved the target to end of March/early April for full liberation of the region. But again I will say that the party is not over until the fat lady signs. What do I mean by this? I mean don’t put all your eggs in one basket and wait for the announcement of Mosul region to be liberated to trigger off some kind of magical RV. We also know there is the Iranian influence to take care of, the must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy, (as another article tells us today). See article under the article section below)

He added that Iran has made great strides on the political, security and defense levels, and it continues to provide support to the Iraqi and Syrian forces, and it is working to establish peace in the region. (Iran wants to establish peace in the region? You have to be kidding me! Iran is the reason IS infiltrated Iraq in the first place, negligence on the part of their patsy Maliki. What Iran says is not what Iran does. The same old game of politicians. Iran only wants to get rid Iraq of ISIS so it can then fill the gap. You see ISIS is in competition with Iran for control of Iraq. Believe me this is the only reason they are so concerned for Iraq.)

Economy News / Baghdad …Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company. (Folks this is HCL. I said they would be resuming news on the status of the laws very soon. Do they read my news letters or does Mnt Goat know something……lol…lol…Now we see it. This is very good news too. Once again the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.)

We are now seeing some overdue infrastructure projects about ready to take place in Iraq. They are telling us they planned these projects in the 2017 budget and now they are getting ready to begin the work.

“The Council of Ministers search through the report submitted priorities forimplementation of water and sewage projects in Baghdad and the provinces, according to the comprehensive plan that the President of the Council of Ministers prepared and according to schedules and periods of time completed in 2017 and provide the funding for it,” noting that the Council voted on the “Bank loan The Japanese international cooperation JBIC to finance the Ministry of Electricity projects. ” (This is all excellent news because it is telling us they are finally serious about repairing the infrastructure, something that could have been and should have already been completed over the 8 years of Malaki, but they were too busy finding ways to steal the funded money out of the budget instead of helping their nation progress forward. Now we are seeing change.)
 
Then what happened next?
Prime Minister Haider al - Abadi accused, on Tuesday, the House of Representatives to transfer fifty billion dinars from sensitive assignments in the country for salaries and allocations of members of the House of Representatives, and while stressing he would not be silent about it, indicated that they worked on the "hide" those amounts in the budget under the slogan for the poor. (oh- it looks like the Maliki goons are trying the same old stuff again. They are attempting to take $$$ away from the projects and line their old pockets)
 
Then what happens next?
On Wednesday an article about the speaker of the House of Representatives, Saleem al - Jubouri, Prime Minister Haider al - Abadi to attend tomorrow a meeting to discuss his accusations on the budget disbursement I just talked about. Do you see nothing is coincidental? You have to get in with the flow the articles. Which means you have to read them.

The US President Donald Trump will meet with the Iraqi delegation consisting of Prime Minister Haidar al-Abadi and Kurdistan Region representative next week.

Before we move on to the articles I want to clarify one more ridiculous item to you. This item is so ridiculous this it tops everything I have heard so far in these conference calls and should be awarded the “most ridiculous” award of this entire dinar RV saga.

This is what I heard and I quote – “Do you think that there was an Executive Order by president Trump to implement the RV?”. Really folks? Come’on this question is like on another planet. Are you sure live on the planet earth?
 
First of all just bringing the question and asking it says that the one asking thought that maybe, just maybe, there might be some truth to it. Really?  Otherwise why would they even ask it?
You see this nonsense is an example of exactly what I am trying to make everyone realize. There is no common sense being used in the discussions around this investment. Instead of going to the source that can give us the FACTS like the CBI, you resort to hype and nonsense in the hope you are going to get the RV sooner. Did it ever make the RV happen any sooner?
 
Then you wonder why you get so confused. Sometimes I think many of these investors belong in an insane asylum. STOP PAYING ATTENTION TO THIS NONSENCE and stick to the FACTS! Don’t repeat the rumor unless you first take the time YOURSELF to substantiate it as a FACT. Substantiating it does not mean asking someone else on a conference call for “their opinion”.
This is spreading the rumor again since thousands hear it.
 
Stopping the rumor means getting down and dirty and researching it. If you don’t know how to do research, then just keep the rumor to yourself. Most of them are just so ridiculous why would you even give it the time of day?  . Just imagine a rumor being written on a piece of paper. Crumble it up and throw it away. That is all they are good for.

As always my comments are in italic RED.

Articles Begin


Abadi accuses parliament to transfer 50 billion dinars from sensitive allocations for the salaries of MPs

Alsumaria News / Baghdad
Prime Minister Haider al - Abadi accused, on Tuesday, the House of Representatives to transfer fifty billion dinars from sensitive assignments in the country for salaries and allocations of members of the House of Representatives, and while stressing he would not be silent about it, indicated that they worked on the "hide" those amounts budget is invisible under the slogan of the poor.

Ebadi said during his weekly and followed up, Alsumaria News, " the more we are approaching the desired victory surprised by talk of some politicians who also seems to live another world and speak interests may have a desire to appoint people Akhsou , " noting that "we for the first time we put the guidelines and conditions for appointments, but some of that case did not like the presence of lists have the names they want appointed by pressure on the minister to appoint relatives and favoritism and its staff , and this is a particular corruption. "

He said al - Abadi, "if it does not reform the political and social Ndhamna we should not be surprised by any reactions violent because injustice will not last either of injustice in the distribution of money or a job," adding that "some states and is not afraid for the poor and even the imposition of belonging names of his Minister fears being isolated and has, therefore , works on a bang as the poor to keep them. "

He continued : "We do not have any problems with the oil - producing provinces as key provinces and place of our attention and offer her services, but we also have interest in the governorates other , " and expressed regret for "hear the other in private meetings deduced from giving oil provinces due, they are looking for the interests of their provinces only and start talking enticing manner and do not want to edit areas . this is unfortunate and we consider it part of the consciousness of treason or not. "

The Abadi said that " the appeal budget was by the Ministry of Finance presented the list of paragraphs and it cost us from a legal point of a legal team to examine materials modified and there are materials related to the interests of the people have not been touched Others relate to political interests , " pointing out that "he was fifty billion dinars from the transfer sensitive assignments in the country for salaries and allocations of members of the House of Representatives. "

He said al - Abadi , "We will not be silent about it, therefore , appeal to those paragraphs because we know what 's going on and tell them these things is appropriate , frankly , " noting that they "worked to hide those amounts budget is invisible under the slogan for the poor and one of them to members of the House of Representatives, but a lot of deputies They do not know it or they did not vote for them if they knew them. "

He said he "was hiding such amounts to the interests for the other and the functions they want to increase it excuse the government 's keenness to absorb contracts and a daily wage, but they truly want to assign certain people to certain conditions and this is where there is no equality of opportunities and without justice," he said . "There are a lot has been appointed by the by political figures and we can follow up individually but today preoccupied with the battle we do not want to open other fronts, but the most important fight corruption and did not tolerate it and we are working within the international experience and quietly , without announcement. "

The MP for the mass of the Dawa Party , Haider al - Kaabi , on 26 February, an increase in the nominal salary for members of the House of Representatives , starting from the month of February from four million to five million dinars, adding that the decision would not be retroactive.

As he emphasized Parliament Speaker Salim al - Jubouri , in the February 27, 2017, that the Parliament will proceed to increase the salaries of members of the council.
Abadi al-Jubouri, demanding the presence of tomorrow'smeeting to discuss the doors of the budget exchange

BAGHDAD / tomorrow Press:
The speaker of the House of Representatives, Saleem al - Jubouri on Wednesday, Prime Minister Haider al - Abadi to attend tomorrow 's meeting to discuss his accusations on the budget disbursement.

Jubouri said in a statement, "tomorrow Press" received a copy of it, "express surprised by statements made by the vague Minister about the existence of financial and administrative corruption in the allocated money has been spent in the doors of the budget three months after the ratification and discussed by the Finance Committee with him but more than once."

The speaker of the House of Representatives , " the Prime Minister to appear before the people 's representatives in parliament on Thursday to release any defect or misconduct or financial corruption through the submission of documents in front of public opinion, not just the distribution of the charges for unknown purposes", calling for " an open and a live session for dialogue on the doors of the budget disbursement. "

He said the "House of Representatives has scheduled to attend the prime minister and parliament sessions several times to answer oral questions."
The head of the House of Representatives , " the transfer of the proceedings of the meeting which will be attended by the Prime Minister through the media so that the Iraqi people familiar with the fact that the doors where the public money exchange", calling for "not only press statements that cluttered the citizen had no relation to the fight against corruption and the corrupt . "

Prime Minister Haider al – Abadi accused on Tuesday, a number of deputies to transfer allocations estimated at 50 billion dinars from the allocations of the poor to personal salaries, stressing that this is the main reason for the challenged government paragraphs of the budget being used to appear to the public that it allocations for the poor, but in secret so not described.

(When will the corruption end? Who’s head will roll this time?)
PM Abadi and Kurdistan Region Representative to Meet US President

Mar 15, 2017   8:01 pm
Erbil (BasNews) The US President Donald Trump will meet with the Iraqi delegation consisting of Prime Minister Haidar al-Abadi and Kurdistan Region representative next week.
   
A senior official source in Kurdistan Region confirmed to BasNews that PM Abadi and a representative of Kurdistan Region, who are set to take part in the global coalition’s meeting, will also meet the US President in Washington.
   
Minister Falah Mustafa, head of the Kurdistan Regional Government (KRG) Department of Foreign Relations told BasNews on Monday that Kurdistan Region will officially take part in the meeting of the coalition members after it complained about its exclusion from the previous sessions.
   
He revealed that Fuad Hussein, Chief of Staff to the Kurdistan Region presidency, will represent the Kurdistan Region in the meeting and he is also expected to address the meeting about the war on IS and the post-IS era.
   
On March 22, the United States of America will host a major meeting of the 68 member states of the coalition against IS and the US Secretary of State, Rex Tillerson, will chair the talks, the State Department said on Thursday.

America and Saudi Arabia discuss a new agreement
The White House announced on Wednesday that "the US president Donald Trump and the Crown Saudi Crown Prince Mohammed bin Salman discussed the opportunities to develop new economic programs and investments between the two countries during a meeting on Tuesday. (Is this not what we wanted to see. New economic growth for the USA. What has taken Washington so long to see these opportunities in the middle east. It’s literally wide open for the taking….lol….Go for it Donald! I am still waiting to see the USA investments in Iraq come to the news media. Could this be the meeting with Abadi and the KRG next week? Of course it is! Go Donald!
 
I have to add something now – it is refreshing finally to see a president in the USA Whitehouse knowing what he is actually doing as to benefit the American people and boost their economy.)

The White House said in a statement, seen by "Sky Press", "The Trump expressed during his meeting with Prince Mohammed support for the development of a new Saudi-American Program focuses on the energy, industry, infrastructure, technology and involves investments worth may exceed $ 200 billion over the next four years.

The two leaders also agreed to continue consultations in the field of energy to support global economic growth and the reduction of "supply disruptions and volatility."

The US president made earlier in a phone call with Saudi King Salman bin Abdul Aziz, the White House said then that the talks dealt with, in particular, what he described as Iranian threats and militancy in the Iranian nuclear deal, as well as the establishment of safe areas in Yemen and Saudi Arabia.

The Saudi foreign minister, Adel al-Jubeir expressed a few days ago expressed optimism towards the relations with the United States under the new administration. (Oh- I thought president Trump was going to destroy all foreign relations around the world? Really? I wish everyone would just give this guy a chance and see what he can do. It can’t hurt. Just look at the mess left from the former presidents that he has to clean up to even begin to make any real progress.)
 
Liberated connector re-life economic relations between Mosul and Erbil

It has always been between Erbil and Mosul business relationship active for many reasons, perhaps the most notable near the two cities from each other geographically and relations historical between residents of the two cities, and this business relationship has reached its peak by the year 2003 and lasted until 2014 and after control Daesh Mosul and areas of its relations fell to the degree of absence because of the security situation, which have fallen to the region, currently with the liberalization of large parts of the city and the approaching liberation operations end, signs of positive economic activities between Erbil and Mosul show again in preparation for the post-liberation, as signs to the economic recovery expected by economists for the region in the future, of by participating in the reconstruction of the province of Nineveh.

In this regard, the media department official in the Chamber of Erbil Trade, Abdul Wahid Taha said, for (Basenyoz) that " the conductor of economic and trade relationship eternal with the region, especially with the capital Arbil , " noting that, this relationship arose given because the two cities location from each other geographically.

He added that "investment companies in Erbil , fully prepared to participate in the reconstruction of Mosul , " noting that it depends on the provincial council and the administration of Nineveh and the extent of their awareness to benefit from the experiences of Kurdish investment companies to participate in the reconstruction of the city.

He said Abdul Wahid, saying , "It is known that there is a foreign and international companies based in Arbil , the capital of the region , " adding that these companies will have an important role in the reconstruction of the city and thus revive the economic movement in the region.

For his part, said economic expert, Dr. Sinan Al-Assaf, for (Basenyoz) that "the Kurdistan region will witness the remarkable economic growth in the post-liberation Mosul stage," adding, editing the city step towards the return of international companies that have withdrawn from the labor market in the region after the control of the organization of the province Nineveh and other areas of the border with the province.
Says Dr. Sinan, he said that "foreign investors on the awareness and understanding of the issue of the need for Iraq to rebuild after getting rid of Daesh , " adding that, it will revive the country 's economic through the introduction of foreign currency and rotation in the market and provide job opportunities for the unemployed.

The province of Kurdistan since 2014 is going through a financial and economic crisis as a result of cutting its share of lower global oil prices the federal budget, and the reception of the region for nearly two million refugees and displaced people.

The President of the Kurdistan Regional Government, Nechirvan Barzani, announced earlier that the restoration of the city of Mosul from the control of the organization Daesh, will reflect positively on the Kurdistan Region, especially economically.
(I presented his recent article to you today because it describes the situation as to why it is important to liberate Mosul region prior to any RV. To say “prior to any RV” what am I really saying, what is the CBI really saying? What I believe is being said is to correct the situation back to normalcy as to allow the region to return to the same, if not better, economy prior to the ISIS occupation.
 
The article is telling us it will grow beyond where it was. So when the CBI says they need SECURITY and STABILITY and that ISIS must be removed as part of this effort, by reading this article today you can get a get a better understanding of just what the CBI means when they say this. It is not just all about getting rid of ISIS, although this will bring SECURITY but it is also about the loss of the economy and the breakdown of the economy in that region. Remember the CBI is concerned about the $$$$.
 
So combine the ISIS security mess with the drop in the oil prices in 2014 and you can begin to get a picture of the situation. So my point also is you can liberate Mosul and Anbar regions all you want but Iraq also needs the economies of these regions to start up again once liberated. This will come very quickly.
 
I can compare getting the economy going again like a very huge, old  battleship ship at sea when the captain says “full speed ahead” and then the engine room cranks up the engines. At first there is a slight delay before the engines are perking along at a top speed again. This top cruising speed is what the economy of Iraq needs “prior to the RV”. Then once reached some catalysts (I believe it will be currency reform) will be like the order for “full speed ahead” and away they go….)

The meeting of the Iraqi government delegation with the IMF in Amman "important and successful."

(remember in my recent past news letter I talked about the 2nd meeting of the 2nd Stand-by agreement (Oct 2015) between IMF and Iraq. We know this review has taken place this week and is now over. This article tells us it was successful and the IMF was very happy with Iraq. This is all very good news.)

BAGHDAD - The Journal News
Considered the appearance of Mohammed Saleh Financial Advisor to the Prime Minister, on Friday, the meeting of the Iraqi government delegation with the IMF in Amman "important and successful."

Saleh said in a statement received "Journal News", that the meeting of the government delegation with the International Monetary Fund was a second revision of the standby credit agreement consultations with the International Monetary Fund and the results were very successful and the fund will issue a final statement in this regard soon. "

He added that "some of the statistical data and digital facts relating to public expenditure and income fund has a broader clarification request will be presented at the end of the next Nissan Fund praised the Iraqi government's ability to confront terrorism and impressive victories achieved under exceptional economic circumstances."

"The program with the IMF is progressing normally and typically very successful."  (stay tuned for the public press release from the IMF on this event)
 
 
Statement at the End of an IMF Mission on Iraq
(then this article pops out later in the day 3/17 from the IMF)

March 17, 2017
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.

In 2016, real GDP growth was sustained at 11% supported by a large increase in oil output that benefitted from past oil investments. In 2017, economic activity is expected to remain muted due to a 1.5% contraction in oil production and only a tepid recovery of the non-oil sector.

Further reforms to create fiscal space for inclusive growth, strengthen the business environment, reduce corruption and repair the banking sector are needed to support private sector-led growth and diversification of the economy.(Needed to support any change in value of the currency too, like an RV?)

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from March 5–17, 2017 on the 2017 Article IV Consultation and the second review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321).

Here is the link to it:
http://www.imf.org/external/np/sec/pr/2016/pr16321.htm


The SBA aims to restore fiscal and external balance and to improve public financial management while protecting social spending. The first review under the SBA was completed on December 5, 2016 ( See Press Release No. 16/540).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:
“Iraq has been hard hit by the conflict with ISIS and the plunge in global oil prices since 2014. The government has responded to the fiscal and balance of payments crisis with a large but necessary fiscal adjustment supported by financial assistance from the international community. In 2016, real GDP growth was sustained at 11 percent supported by a large increase in oil output that benefitted from past oil investments. Nevertheless, the non-oil economy experienced an 8 percent contraction due to the conflict and the fiscal consolidation. In 2017, economic activity is expected to remain muted due to a 1.5 percent contraction in oil production under the agreement reached by the Organization for Petroleum Exporting Countries, and only a tepid recovery of the non-oil sector.

“The plunge in oil prices has driven the decline of Iraq’s gross international reserves from $53.7 billion at end 2015 to the still comfortable level of $46.5 billion at the end of December, 2016. Fiscal pressures remain significant with the government deficit remaining at 12 percent of GDP in 2016, due to continuing weak oil prices and rising humanitarian and security spending. Total public debt increased from 32 to 64 percent of GDP during 2014-16. Credit growth decelerated and non-performing loans in state-owned and private banks increased significantly in 2016.(So what is a non-performing loan? It is loan that was not made good and the banks lost money. This is not the way they want the economy to go.)

“The authorities have maintained the exchange rate peg which remains a key nominal anchor. Medium term growth prospects remain modest driven by projected flat oil production and investments in the face of the revenue constraint and modest pickup in non-oil growth supported by the expected improvement in security and implementation of structural reform.

Further reforms to create fiscal space for inclusive growth, strengthen the business environment, reduce corruption and repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway. (So the IMF is saying there is much work to do post – ISIS. So let’s get ISIS taken care of first and see where IRAQ goes from there. My opinion – they are not ready to RV anytime in the very near future….sorry! The recent news is they will continue fighting ISIS into EARLY April, there words not mine. Don’t shoot the messenger.)

Risks remain high, arising primarily from uncertainty in the oil price outlook,security and political uncertainties, and administrative weaknesses.(SECURITY and STABILITY are still not at the levels needed as of the review! This does not sound very good! There is still work to be done)

“The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC.

During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq(yes -Allaq is still there as proxy governor, No Dr. Shabibi mentioned!) the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit.

The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”

Articles End
 
Their words not mine…..No Rumors, No Hype, Just the FACTS!
 
Auf Wiedersehen
Much love to ya all,

Mnt Goat