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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, October 10, 2017

TNT Rayren98 Dinar Call

Dinar Updates w/BGG

Oct. 11th, Fixing the Problem

DINAR GURUS UPDATE, 10 OCT

10-10-2017   Newshound Guru Kaperoni   Article:  "Economic partnerships between Iraq and Egypt"  Quote:  "In light of the growing relations between Iraq and Egypt, the government is moving to open the doors of cooperation in the commercial, industrial and investment fields between the two countries, which could pave to reach common agreements contribute to the formation of an effective economic force in the region."   I find this interesting since Egypt is now floating the pound. 

10-10-2017   Intel/Newshound Guru payray
  Article:  "Central Bank: foreign currency reserves rose 3 billion dollars this year ...They are very confident that the launching of foreign bonds will more than likely occur in 2018...Does that not require a internationally excepted currency?...  Foreign reserves have risen 3 billion?... That is important to the stability of their economy... 48 billion in reserves is still a very respectable number in any country... I believe it was mentioned in the past that they did not want it to go below 43 billion...  So we wait for the MOVE that will open up the floodgates of economic prosperity... All their ducks are lined up folks despite all of the disputes...

10-10-2017   Intel Guru RayRen98   CURRENT WINDOW:  I don't expect it today [Monday].  At the earliest Tuesday, Wednesday, Thursday of this week. ...sources saying it could happen any time now...you can forget about that November stuff...It looks really good for us.

10-10-2017   Newshound Guru mike  ...these guys haven't received any support from Baghdad; government salaries, infrastructure, displaced persons and military hardware for the fight with ISIL since March 2014.  They had to do something profound to get everyone's attention, why hasn't anyone jumped in during that time to support and demand Baghdad's negotiations with Erbil? Well, they got the worlds attention now, hopefully they'll use this to win concessions and support that's designed to unite the country, no divide. Baghdad's response to the referendum is nothing but punitive, maybe they should try more carrot and less stick.  [post 2 of 2]

10-10-2017   Newshound Guru mike   Article:  "Saudi newspaper: Washington threatens Iraqi forces to bomb if Baghdad resorted to the military option against Kurdistan"  [Really, this is good news for us. The day the US abandons a united Iraq is the day our investment is worthless. This tells me the plan is still in place...]  I will say that the Kurd's only produce roughly 500,000 bpd while Basra and the rest pump roughly 3.5-40 million bpd, the Kurd's financial contribution to the overall state is probably closer to a push than a win. I'd definitely agree that Barzani and the Kurd's are using this for global leverage for recognition and support from Baghdad.   [post 1 of 2....stay tuned]

10-10-2017   Newshound Guru chattels  The next phase of operations against Da'ash is western Anbar and securing the Syrian border with Iraq. I have opined that the completion of such may be a red letter date for many things in Iraq.

10-10-2017   Intel/Newshound Guru payray   Article:  "Kubic denies Maliki the issuance of the United Nations initiative to resolve the crisis in Kurdistan"    ...While all of this deliberation is going on, do not be surprised if we see the increase... Diversion... This subject of referendum's, and independence will continue on... In the mean time, it will not serve as a deterrent to the continual process of ensuring Iraq's economy is given a huge boost via the increase of their currencies value... 

IQD CHAT, 10 OCT

Chat Room News Excerpts & Highlights Early Tuesday 10-10-17 

dullenih: Abadi announces: This year will see a happy end in Iraq October 10, 2017 - 14:15 Number of readings: BAGHDAD - Prime Minister Haider al-Abadi said on Tuesday that this year will see the end of an organization in Iraq.

"Our forces liberated areas that have not reached any military force since the time of the former regime," Abadi said during his weekly press conference. He added that "the daily horror controls the elements are calling everywhere," noting that "this year will see a happy end in Iraq."
 ...
"France stressed the importance of preserving the unity and sovereignty of Iraq," Abadi said, warning of "the existence of agendas to stir up racial strife." http://sumer.news/ar/news/23130/العبادي-يعلن-هذا-العام-سيشهد-نهاية-داعش-في-العراق

BobS: BAGHDAD / JD / .. The central government in Baghdad, said new economic sanctions through the development of a new mechanism for the import of gold through the airports in Najaf and Baghdad instead of the Kurdistan region, which is under an economic blockade as a result of his insistence on a referendum for self-determination is unconstitutional.

According to a statement issued by the Ministry of Planning / JD / it received a copy of it: that the Ministerial Committee on Economic Affairs, headed by Planning Minister Salman Jumaili agreed on a new mechanism for the import of gold and other precious metals in the public interest of the country and moving the wheel of the national economy through the executors of the airports in Baghdad, international and Najaf. "

 The latest statistics reported that imports of the province of gold in 2014 amounted to 77 tons, and that this amount was introduced into the region from different ports, and entered through Erbil airport 31 tons and 760 kg while income through Sulaymaniyah airport 44 tons and 630 kg,.

BobS: In statistics issued by the Directorate of Quality Control of Costume in the Kurdistan region, more than 31 tons and 660 kilograms of gold entered into the region by Hee International Airport and Lear for the period from the beginning of 2008 until the eighth month of 2009.

Before the war in 2003, Baghdad was the center of Gold President in Iraq, and the jeweler to buy their destination needs, but today they became come from Baghdad and Basra to Erbil to buy gold. This development in the market and push UAE companies to open branches in the region. / Finished / 22 /

BobS: October 10, 2017 16:25 Direct: IMF raised growth estimates for the current year and 2018 by about 0.1%, supported by economic recovery in the euro zone, Japan and emerging markets within Asia. The IMF said in a report released on Tuesday, said that the global economy will record growth of about 3.6% in 2017 and 3.7% next year.

The report predicted that economic growth rises this year and next in the emerging and developing economies, supported by improved external factors and the recovery of advanced economies. On the level of advanced economies, the Fund stated that it will continue to grow with strong activity in Canada and the United States and the euro zone and Japan, noting that though the prospects for growth in the medium term will see a slowdown.

BobS: Despite the increased performance estimates, the fund said that the growth rates are still declining in some countries and that inflation levels are still below target in most developed countries. The report said that while the risk-balanced short-term large-scale, the medium-term risks remain "tilted to the downside."

BobS: October 10, 2017 15:58 Directly: the company ended the Secretary for Financial Investment (VAMF) , listed in the stock exchange, measures to increase its capital, through the issuance of 500 million new shares.

The Iraqi Trade Ministry, in a statement to the Stock Exchange, the company's share capital after the increase became 1.5 billion dinars, distributed over 1.5 billion shares, with a nominal value of one dinar per share, after the approval of generality on the increase.

The company trimmed its losses in the third quarter of 2017 increased by 27.5%, to reach 19.85 million dinars, compared with losses of 27.21 million dinars , the third quarter of 2016. However , the company has deepened its losses in the 9 months of 2017, amounting to 202.76 million dinars, compared B63.46 million dinars loss for the same period last year .

BobS: October 10, 2017 14:44 Directly requested the Secretary-General of the OPEC, from shale oil producers in the United States, helping to "curb global crude supply" plan, warning of the use of unprecedented measures in the next year.

Said Mohammed Barkindo in forum India energy "Newdleha", on Tuesday: "We hope our friends from the shale oil producers in North America to participate in the shared responsibility with all the seriousness it deserves."

He added Barquenod, OPEC and the United States agreed on the need to reach a common solution in order to promote stability in the oil market. The Barkindo said in remarks yesterday, that there are strong indications to restore balance in the oil market after the decline in crude stocks in marine tankers.

He explained that the crude oil stored in tankers has dropped by about 40 million barrels this year, "which refers to reducing the volume of supply." Announces OPEC tomorrow for monthly production from last September's report.

BobS: out.

chattels: Protesting ‘tsunami’ of measures against Erbil, Kurds boycott Iraqi parliament By Rudaw 2 hours ago http://www.rudaw.net/english/kurdistan/101020174

chattels: ERBIL, Kurdistan Region – The largest Kurdish parliamentary faction in Baghdad has said it will withdraw Iraqi parliamentary sessions unless the legislature reconsiders the punitive measures it passed against Erbil in response to the independence referendum held by Kurdistan on September 25.

chattels: Jano, head of the Kurdistan Democratic Party (KDP) faction, made his comments at a press conference on Tuesday. The KDP faction has 25 seats in the 328-seat Iraqi parliament that is controlled by a Shiite Arab majority led by the ruling Shiite National Alliance. Jano said they will seek to coordinate with other Kurdish factions in the parliament who collectively have 66 seats.

chattels: Baghdad plans to reopen oil pipeline to Turkey, bypassing Kurdistan By Rudaw 5 hours ago

http://www.rudaw.net/english/middleeast/iraq/10102017 
chattels: Baghdad’s Kirkuk-Ceyhan pipeline would need much restoration after a series of attacks and over two years lying in a state of disrepair, leaving analysts skeptical on how fast the repairs could be completed, as reported Tuesday by The Financial Times.

chattels: The pipeline would also have to pass through territory controlled by Kurdistan in order to reach Turkey’s border, which could cause further tensions between Baghdad and Erbil.

chattels: Kirk H. Sowell Retweeted iraqoilforum‏ @iraqoilforum 6h6 hours ago #Iraq's #oil minister instructed state companies to start repairs on Kirkuk-Ceyhan pipeline in order to resume direct exports via Turkey

chattels: Mohammed Abdullah‏ @Dr_Mohammed81 Accurate analysis by @UticaRisk Analysis: Iraq parliament moves towards pre-election showdown

​https://www.thenational.ae/world/mena/analysis-iraq-parliament-moves-towards-pre-election-showdown-1.665459 … via @TheNationalUAE

chattels: Kirk H. Sowell‏ @UticaRisk Oct 9 Replying to @UticaRisk Kirk H. Sowell Retweeted Mohammed Abdullah I take this as a compliment from one who would know:

chattels: Kirk H. Sowell‏ @UticaRisk Oct 9 Replying to @UticaRisk This is the "other political crisis" which has been temporarily pushed aside by the Kurdistan referendum crisis.

http://www.iqdcalls.com/chat/

BLUWOLF TIDBIT, 10 OCT



10.9.17 Today is day 19 since Maria devastated my homeland Puerto Rico and its beautiful Christian Catholic people, all 99.9 % of them. Yes 99.9 % are Christian Catholic and we are a nation respectful to God Jehova and 100% faithful to Him and His son Jesus. It is day 19 and we still are without power and running water. 

We still have places that are still incomunicated, me and my people are in dyer straits. But we have and awesome God that created us to His semblance and we are people like Him of the light. Now I address something that some idiotic charlatan placed in some site stating that my people and I " are all reptilian". Listen to me you pathetic moron this is not the time nor the place to be degrading my country or its people, your words are both disrespectful and offensive and 100 % out of reality. I am very tired, in pain, in necessity, working with my people trying to repair as soon as possible. 

And to have a idiotic moron like whomever come to dirty my race ,my nation and its people and maybe by your words putting in jeopardy the most needed help ,that is not correct and it is intolerable. So my friend if you haven't anything good to say ' JUST SHOVE IT UP YOUR A@$'. And to all the good people out there my apologies for this outburst and my thanks for your monetary help I have done so much with your help and kindness. My respects and thank you on behave of myself and my people. The people of Puerto Rico thank you and bless your ever endeavors. Na'maste Bluwolf

RV/INTELLIGENCE ALERT , 10 OCT

RV/INTELLIGENCE ALERT - October 9, 2017

NOTHING HAS OCCURRED AS OF YET.


TODAY WAS NOT THE SCHEDULED DATE THE ELDERS GAVE.


IN GOOD NEWS, THE RESTORED REPUBLIC IS READY AND ALREADY RUNNING THE SHOW BEHIND THE SCENES DISCRETELY.


GESARA IS BEING IMPLEMENTED INTO EVERY COUNTRY WORLDWIDE SLOWLY BUT SURELY. THIS WILL ALLOW ALL COUNTRIES TO BE READY WHEN THE TIME COMES.


HERE IS A GLIMPSE OF WHAT GESARA WILL BRING:


"20 Answers" - GESARA Update - Thursday - November 3, 2016

EXTRATERRESTIAL DISCLOSURE WILL BE PART OF GESARA.

TRUMP IS A BURNER PRESIDENT AND WILL RESIGN ONCE DUNFORD GIVES THE ORDER AS AGREED BEFORE HE WAS ELECTED.


USN's WERE RELEASED BUT NOT ACTIVATED.


DUNFORD IS READY.


THE MILITARY IS READY.


THIS IS ABOUT OUR FREEDOM FROM ENSLAVEMENT OF MALEVOLENT EXTRATERRESTRIALS SINCE THE TIMES OF BABYLON.


THE GLOBAL FINANCIAL RESET IS ONLY PART OF SOMETHING VERY BIG.

DINAR IRAQ & DONG VIETNAM UPDATE, 10 OCT

Last week I referenced Abadi had put out something to the citizens indicating November. Now this turn of events…would probably change that. The last two provinces, that needed to be liberated are reporting record number of surrenders…Of DASH and ISIS surrendering. Which means those two provinces could pretty much be liberated within a matter of hours or days. Definitely not weeks, so you can forget about that November stuff. 

Alak was on TV about the trip coming up over here in the US and IMF. More particularly about needing to develop the currency to it’s true face value and to have it’s International acceptance they deserve. So that lets you know that the wheels are still turning and everyone’s pretty much in that direction of getting this thing born. 

In the midst of Sadr, protests, and all of those things going on over there, Parliament is in a closed session today, which I’m…assuming to address a lot of the things they are concerned with corruption, etc. which will help accelerate the National Reconciliation. That’s what everyone is looking forward to. Full liberation, National Reconciliation, things of that nature.

*****
Article: “Kubic denies Maliki the issuance of the United Nations initiative to resolve the crisis in Kurdistan“ While all of this deliberation is going on, do not be surprised if we see the increase… Diversion… This subject of referendum’s, and independence will continue on… In the mean time, it will not serve as a deterrent to the continual process of ensuring Iraq’s economy is given a huge boost via the increase of their currencies value.

WSOMN CHAT UPDATE, 10 OCT

TED1016: 
A question for the Dreams board: Earlier today I was slanders by a few of our newest members who accused me of being something more than what I am and criticized my early morning prayer sessions as being more self serving and hypocritical than I certainly mean them to be. It bothered me more than I guess it should so in light of that

I believe it will be best if I refrain from posting my thoughts and prayers for this room. I will still lurk and answer direct questions and continue to post my early session on WSOMN.

Ted - don't let them get to you, everyone reads your prayers


 

Oh no TED, please - I so look forward to your prayers every morning, your prayers help me get through the times of doubt knowing that you are praying for all of us all.

Ted, I rarely post but I never miss reading your prayers. Please continue posting them. The people that you mentioned who were so nasty probably need them the most. Thank you for all that you do here and at wsomn.

TED....your posted prayers are a real comfort and you seem to know just the right words to use....amazing to me...and I know they are divinely guided.. Those who choose another path are more adept at being critical...so sad for them...their own worst enemy. Hard to ignore just judgment...maybe they are trolls if new here

just ignore....transposed...sorry

It is truly uncalled for....do what is best....as it is very hurtful when one is sincere in their words and then criticized....I am lucky to be in both rooms...so I can read them @ Wsomn if that is only place you can post...blessings

Ted, I must have missed that one. I say were someone attacked Sand and Halo for their news posts and that ticked me off. I hope you continue to post your prayers here. The majority are for you.

I don't think there is an issue here at all with Ted's prayers.














Most Gracious and Heavenly Father, It appears I have allowed myself to fall victim to those who are resorting to intimidate me for doing my post on the message boards in the early morning. They bated me by first insinuating then that I had connections with the Dinar Daily group and then attack my prayers to You Father as being hypocritical in nature. I responded to the DD matter but after reviewing some of my previous postings I could see how some might have considered some of my rantings as being hypocritical in nature so I had decided for the good of the message board to stop my post in the Dreamers chat. I now realize that I may have over reacted so those who do look forward to my sessions so after personal reconsideration and in response from members, I have reconsidered my options.

Dear Lord God Almighty, as You know I am not nor have I ever proposed myself to be anything more than a Christian man. You also know that it was an inspiration that came to me in the dead of night when I realized that I am a person going through rough times in my life and that I needed to do something to help others even worse off to be inspired enough to not give up and take it one day at a time.

My dear friends, I want to take this time to thank you all for restoring my faith and my dedication to this board as well as those who are still on the WSOMN board as well. I have great faith in both of the board Admins along with Monitors and Guides on this board as well. Time is late so I will close with saying beware of those who are out there waiting to steal your dreams. Take each day one at a time.

Rest well this morning as we start into the new week and know that when the time is right our rewards will come but be aware that even after that all of the folks on Dreams and WSOMN will still be on my prayer list and if it is meant to be we will meet again. May the Lord God bless each and every one of you. Remember. “Our Destiny Awaits”



Halo and Sand wish to thank you gals for continuing to bring all you do to the room and ignoring the individuals petitioning for you to stop, many more appreciate your efforts than agree with the sole complainer

The idea of this site from 006 was a place for friends to connect and express their views with Respect

It appears that things are out of control. In the true sense of the situation the light is unraveling the third dimension and transfiguring the darkness under which you have lived for too long. The dark is trying their best to worsen the chaos, fear, and horrific conditions which they have created and perpetuated. please do your best to rise above these energies.

Limiting negative mainstream media,is one of the best ways to rise above what is going on. What happens depends a lot on your thoughts .You are living in the time of the light and profound miracles.Everything is coming out into the open. It is time for all to come together in love and peace.

Good morning Dreamers. Any news specific to RV/GCR or just the usual WAIT?

It's pretty much black out wait but we r very close !!!

Donald to announce USN today. All corporate states disolved over weekend. New Treasury funded in Philadelphia. THIS IS IT.

Haloheal, I appreciate youpositivity but there has NEVER been a reliable or verifiable source for claims concerning the issuance of USNs, a new Treasury, the abolishment of the IRS or the re establishment of the Republic via the disolution of the reputed U.S. CORPORATION. so how are things different now? No sarcasm intended...

Just keep positive something good is happening …
Just as some of the bombing posts may not be real so maybe this I would rather concentrate with the hope this is real !!!



Halo: That FB link is a link to troll Nick ...it is false information, trying to have ppl join/subscribe to DD. Leading them on to believe You set has been arrested, for false information. I am not a fan of Y but bringing ppl to that FB link, and DD is not good. Fake News is promoted here.
True- I wasn't going to say anything as its old news and DD likes to capture people. Then they troll you

And here at dreams, promoting this action....not good, should be looked at more closely, censored, before posting.


 

Unfortunately, DD has taken advantage of our open access to members to start inserting Trolls into our group with the single most important goal of creating friction among our members. Until we can get a handle on that I believe that members need to be careful of what links they follow. Just my thoughts on the matter..

SAND how do they troll you please

What exactly is a "troll"? Hackers?

TED: I think DD "Nick" caught one unsuspecting person that was lurking, to bring his agenda/garbage into this room.

I got that link on FB wasn't aware it was DD thanks for the warning

They are sneaky

What is a troll? Is a person who grabs your attention, then feeds you full of garbage, negativity & profanity.

Hi everyone.... good answer KLS

KLS , what I dont understand is , we are friends with all in here. How can one or more call themselves friends and then go back to being a Troll back to their site posting everyone they took. It's crazy,

I believe this site has now been INFECTED!!!!!!!!

Gone are the days of common sense and vital info for all of us, now it seems like to me it has been infected with Radical Agenda's, maybe I am wrong but that is how I see it , as of this moment.

hmm. has there been more moles?

There has been trolls in here since day one

unless I missed it , I dont see Racial stuff..... I just can't understand why people feel it necessary to take things.



Howdy all, I just am amazed at the info now coming out on this site, I may be wrong but I took this as a Site of people who were looking for clean, accurate info that would help us during this trying times, am I wrong on this???


 

I have banned a couple but we still have a couple more

I Appreciate all of the things Halo brings in and one stupid link to DD is not going to make it or break it. I appreciate her attempt at bringing us information. Thank you Halo.. Keep it coming.

that sucks. why must people be disrespectful of others

Orioles, I trust you enough to identify those that are bringing "misinfo" into this forum, I have no control of that but hope you do.

That is the goal of this site

Billy: Only way is to call them out! Best disinfectant!

Avon Lady, yes I agree there was a lot of info coming that was helpful, and I found myself looking forward with a cup of Java & spending time with my "friends", but somehow it appears that has changed, maybe I need another Cup of JO!!!

Sometime we don't know what is real so we bring it and its for u to discern otherwise we would have to vote on posts and that crazy we do what we can and it's a lot of work ...

Ignore the trolls and live your life - what are we talking about here, how to transmute base metal in gold?

Remember this is not an intel room if that's what your are looking for you may want to go to the other room

Dear Troll ( s ) big news alert, major Intel -- I had a dental implant today!!
Orioles not looking for Intel, but looking for a comfortable and informative environment. Not a problem though, I know I can just turn it off, but I am now "Addicted" to this site, so sorry if I upset anyone, I am an Ancient Senior Citizen........

Who is bringing misinformation into the room?

Billy, you didnt bring no upset to anyone.. you voiced your opinon....

Yes I did, so hope I don't get kicked off....

Is it true Yosef got arrested for putting out false info? or is that just a rumor?

That was an old report- ignore

He is prolly sitting around and playing monopoly with all the donation money. Talking about YOYO

I see all the rumors are stating this is our week, of course none of the intel is ever creditable...lol. but sure hope its true this time...lol

Correct, we will be caught off guard

Well, I'm only waiting until 2030 and I'm done

Did you read the Goats post this morning?

Garmst: Fake News...he has been actively doing what he does, for well over a month, when first reported "arrested"...I would think FBI has their hands full, with what is going on in US.

I just read the part where she slams all the gurus

Kls- If that is the case then there should be alot of intel providers being arrested, you think?

Garmst: So true, agree....it was a fishing hook, to draw peeps into site that site.

CBI getting ready to launch Foreign Bonds again

TNT UPDATE, 10 OCT

TNT:

Tishwash:   Zimbabwe's Mugabe Names New Finance Minister Amid Currency Crunch

Zimbabwe President Robert Mugabe has replaced Finance Minister Patrick Chinamasa — who will lead a new Security Ministry — with Home Affairs Minister Ignatius Chombo in a cabinet reshuffle, the government said in a statement Monday.

The move comes against the backdrop of a severe hard currency shortage that has dealt a fresh blow to confidence and investment in the southern African economy, which uses the U.S. dollar.

Chinamasa was appointed finance minister in 2013 after Mugabe was re-elected and his move to head a newly created ministry of cybersecurity, threat detection and mitigation was unexpected.

Chombo, who does not have a finance background, is a staunch Mugabe supporter who comes from the 93-year-old leader's rural home district. He was a surprise choice for minister of finance.

The new finance minister will have to contend with a serious shortage of foreign currency that has seen U.S. dollar bank balances lose value against cash dollars, fanning a thriving black market.

The worthless Zimbabwe dollar was replaced by the U.S. dollar in 2009, but the economy has struggled over the last 18 months because of a massive domestic shortage of greenbacks.

As a result, cash — especially crisp, new, $100 bills — has enjoyed a steady 10 percent to 20 percent premium over dollars stored electronically in bank accounts — nicknamed "zollars."

Vice President Emmerson Mnangagwa lost oversight of the Justice Ministry to the head of Zimbabwe's spy agency Happyton Bonyongwe. In total, 10 cabinet ministers changed posts while two were dropped entirely.   link

KTFA UPDATE, 10 OCT

KTFA:

Samson:  China is witnessing the final days of the paper currency

 10th October, 2017

A financial study concluded that today's cash currency is living in its final days, especially in large markets like China, where people have more than a way to pay for services and products away from paper currency.

A study published by the site "Futurism" US that the payment through the "cash" is closer to something of the past.

Last year saw a doubling of the number of mobile phone transactions to $ 5 trillion, the study said.

Figures from the first three months of this year show that ePay services such as Ali Bay and Wei Chat dominate the Chinese market.

According to a study conducted by the investment company "CALSA" in Hong Kong, is expected to continue the proportion of electronic payments to increase over time, and the value in 2021 to 45 trillion US dollars.

This is mainly due to the fact that simple and even non-basic services are based on electronic payment without the need for paper money, such as renting bicycles for mobility and payment at fast food restaurants via mobile phones. In some places, The Cash route is not allowed.

Smart phones are now seen to be able to make payments quickly and securely, whether it's money to a friend or paying for products in stores.

http://bit.ly/2y8t2Eq

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

Frank26, Delta and Walkingstick Monday Night conf call  link with current info about the Iraqi Bank's monetary reform status.

All intel is the opinion of Frank, Delta and Walkingstick…. intel starts about minute 41

https://livestream.com/accounts/7854492/events/7790578/videos/164019411

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

Samson:  Economic adviser to the government reveals: These are similarities between the budget of 2018 and the budget this year

9th October, 2017

Adviser to the Prime Minister Dr. Mohammed Saleh appearance of the arrival of the financial budget for 2018 to the House of Representatives in about three weeks. Saleh said in a press statement: "The budget was discussed within the Council of Ministers and recorded some notes and will be amended and sent to the House of Representatives in a period of nearly three weeks."

On the form and size of the budget, Saleh said that "the budget next year will not differ in direction from the budget this year, but will be more disciplined by reducing expenses and maximize non-oil resources and the expansion of the deficit."  "Saleh said that" the work followed in the development of the budget went in two directions first, maximizing non-oil resources at the base level and the second non-expansion of the deficit by reducing expenditures and reduce financial borrowing "

On the size of the budget expected Saleh said that "the budget next year will be close to the budget this year and may reach 107 trillions dinars or more or less and it will orbit in this figure and will not be far away from it a lot, whether ascending or descending."

An IMF report, published recently, predicted that the Iraqi government's debt in 2018 would rise to more than $ 132 billion.  "Iraq's debt for 2013 was $ 73.1 billion, while its debt in 2014 rose to $ 75.2 billion, and in 2015 it became $ 98.0 billion, while in 2016 it was $ 114.6 billion, rising in 2017," the report said. To 122.9 ".  "Government debt will rise next year to $ 132.4 billion, which confirms that government debt is on the rise," the report said.

The Republic of Iraq reached an agreement with IMF experts on the draft budget for 2018, in line with the credit arrangement agreed by the Fund in July last year, the International Foundation said in a statement.  Last year, the IMF Executive Board signed a $ 5.34 billion credit arrangement to support the government's economic reform program. 
The IMF-supported economic reform program in Iraq aims to meet the urgent balance of payments needs, reach expenditure consistent with the decline in world oil prices, and ensure that debt remains within sustainable limits. Iraq's discussions with IFAD came within the framework of the third review of the credit standoff agreement. The IMF said in a report in August that Iraq was facing a "double shock" due to lower oil prices and the cost of its conflict with the organization of the terrorist advocate.

The International Organization predicted a near-steady performance of the economy this year, compared to last year, with oil production falling by 1.5 percent, in an agreement with OPEC countries to reduce production and a slight recovery in non-oil sectors.

Iraq's reserves of foreign exchange have fallen as global oil prices plummeted to $ 45 billion by the end of 2016, compared with $ 54 billion in 2015, while fiscal pressures continued to hit the country with the country's budget deficit hitting 12 and 14 per cent of gross domestic product In 2015 and 2016, respectively.

The IMF expects Iraq's economy to contract by 0.4 percent in 2017, but sees growth prospects for the country as positive in the medium term, with growth expected to range from 2 percent to about 3 percent over the next five years.  The IMF is betting on the recovery of non-oil sectors, supported by improved security stability and the implementation of structural economic reforms, the report said.

The credit rating agency Fitch, in a report issued, highlighted the political risks in Iraq after a referendum in the Kurdistan region on the separation from the country. The referendum could put the country at risk of violent confrontation or ethnic conflict, but the status quo between the Baghdad and Kurdistan governments could also remain largely unchanged, the agency said.

The results of the September 25 referendum showed that 93 per cent of Kurds supported the independence of Iraqi Kurdistan, but the Kurdish leadership had declared that the referendum would not lead to an immediate declaration of unilateral independence.  The parliamentary Finance Committee said that the budget of 2018 will differ significantly from the budgets that preceded it in terms of increasing the proportion of investment expenditures and the increase in the import index due to the recycling of the funds of some provinces and departments in the hot areas allocated to investment projects, as well as the relative increase in oil prices, likely high oil prices Next year to more than $ 60 a barrel.

The committee member Ahmed Rashid said in a statement that there is a proposal for the abolition of deductions in salaries of employees and retirees allocated to the displaced on the grounds that oil prices began to improve and there are expectations of low level of displacement next year in light of the operations carried out by the security forces in hot areas to restore From the control of elements calling up the terrorist.

He added that the parliamentary proposal included the deletion of some paragraphs of the budget in 2017 and the most important deduction of salaries of employees and retirees, 3.8% This request was raised to the Ministry of Finance.  Experts believe that the budget of 2018 will focus on investment projects to compensate for the "lean" years that saw military operations and the depletion of human and financial resources and a sharp decline in oil prices, which have greatly affected the economic level in the country.

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IMF:  World Economic Outlook

The global upswing in economic activity is strengthening, with global growth projected to rise to 3.6 percent in 2017 and 3.7 percent in 2018. Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russia more than offset downward revisions for the United States and the United Kingdom.

But the recovery is not complete: while the baseline outlook is strengthening, growth remains weak in many countries, and inflation is below target in most advanced economies.
Commodity exporters, especially of fuel, are particularly hard hit as their adjustment to a sharp stepdown in foreign earnings continues.

And while short-term risks are broadly balanced, medium-term risks are still tilted to the downside. For policymakers, the welcome cyclical pickup in global activity provides an ideal window of opportunity to tackle key challenges—namely to boost potential output while ensuring its benefits are broadly shared, and to build resilience against downside risks.

Read the full post here:   https://www.imf.org/en/Publications/WEO/Issues/2017/09/19/world-economic-outlook-october-2017