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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, October 30, 2017

IQD CHAT, 30 OCT

chattels: Breaking the silence on Kurdish rights By GARY KENT
http://www.rudaw.net/english/opinion/30102017

chattels: " Breaking the silence with salient facts is the priority."

chattels: " More profoundly, President Trump's America is pulling up the drawbridge and despite its rhetorical opposition to Iranian expansionism, opposes what it sees as nation-building and has plumped for Abadi as the candidate best able to save Iraq from Iran, with the Kurds paying the price for this geopolitical calculation."
chattels: " Abadi has apparently decided to shore up his domestic position by being tough on the Kurds as there are no votes in being kind to the Kurds. Some say that Kurdish withdrawal from high-profile participation in Baghdad deprived them of the political intelligence and heft to see and avert this.

Some say the Kurds should back Abadi to prevent the return of Maliki and use their votes to be kingmakers again. And that may be a necessary task."

chattels: " But much depends on Iraq's real strategic intentions in the current conflict. Are they trying to establish facts on the ground to then reach an accommodation with the Kurds on the best possible terms for Iraq. Or do they seek to take direct control of parts or all of the KRG."

chattels: The face of Iraq to come according to some. - Hadi al-Amiri, head of the Badr militia and a powerful Shiite figure who was one of the speakers said, “Iran is the one that helped on the ground in Iraq and not the international coalition, during the war against ISIS,”

chattels: Yet thet insist that there were no Iranian " ground forces ".

chattels: they*

chattels: What are the chances of a truly democratic and pro-western Iraq ?

chattels: Not good, IMO.

chattels: Rafidain Bank urged its branches in Baghdad and the provinces to encourage citizens to deposit their money in in the bank instead of hoarding it in homes. http://www.alliraqnews.com/modules/news/article.php?storyid=67665

chattels: "Specific mechanisms have been put in place to provide the best and widest banking services and to overcome the obstacles to the citizens and gain their trust," the bank's press office said in a statement. He pointed out that "the cash deposits in the bank contributes to the continuous improvement of the level of financial services to customers in terms of interest rates for those deposits and thus the entry into the financial and economic cycle of the country and benefit the citizen and the bank."

chattels: Reidar Visser‏ @reidarvisser Oct 27 More This week Iraq's parliament finally approved a new independent electoral commission. Important for elections in 2018

LINK

chattels: Members of the Electoral Commission take the oath before the President of the Supreme Judicial Council http://www.alliraqnews.com/modules/news/article.php?storyid=67636

chattels: Parliament postpones meeting to tomorrow Date of release: 2017/10/30 13:28 • [Ayna - Baghdad] postponed the Presidency of the House of Representatives, the obvious that was scheduled today to Tuesday. A session of parliament was scheduled for today to vote and discuss a number of bills. http://www.alliraqnews.com/modules/news/article.php?storyid=67673

chattels: David M. Witty‏ @DavidMWitty1 6h6 hours ago Iraqi Forces & Peshmerga agree to joint administration of Fishkhabor border crossing. http://mobp.as/dJZVj

chattels: Sajad Jiyad سجاد Retweeted Government of Iraq‏Verified account @IraqiGovt 22h22 hours ago The Iraqi armed forces are making significant progress in their operation to liberate #AlQaem and surrounding areas in western #Anbar

chattels: David M. Witty‏ @DavidMWitty1 26m26 minutes ago Baghdad & Erbil agree to joint movements of Iraqi forces & Peshmerga to 8 disputed areas in Ninawa province. http://mobp.as/eHbWj

chattels: David M. Witty‏ @DavidMWitty1 25m25 minutes ago Iraqi border guards, Peshmerga & US forces to jointly control Fishkhabor border crossing. http://mobp.as/eHbWj

chattels: David M. Witty‏ @DavidMWitty1 23m23 minutes ago Baghdad agrees to not move forces beyond 2003 line of Kurdish Regional Government. http://mobp.as/eHbWj

chattels: Hayder al-Khoei‏Verified account @Hayder_alKhoei Following Following @Hayder_alKhoei Hayder al-Khoei Retweeted Nabih Pretending it’s all about Iran is the only way KDP officials and pro-KDP pundits can sell their case in D.C. and via the media. It works.

chattels: Dâna Nawzar‏ @DanaNawzar Follow Follow @DanaNawzar Dâna Nawzar Retweeted Hayder al-Khoei And pretending it's all about "Iraqi nationalism" is all pro-Iraqi gov pundits advocate & it works. But truth is somewhere in between.

chattels: It is often the case that the " ............ truth is somewhere in between."

chattels: Matthew Schweitzer‏ @PostWarWatch 16h16 hours ago Matthew Schweitzer Retweeted Matthew Schweitzer #Barzani is out, but not really:

chattels: Matthew Schweitzer‏ @PostWarWatch Oct 29 More interesting & relevant analysis, this time re: #Barzani departure, from my spring interview w/ @BilalWahab:


https://postwarwatch.com/2017/07/20/erbils-endgame/ …

chattels: " During the planning stages of the battle to liberate Mosul, the many actors involved – primarily Iraqi government forces, Popular Mobilization Units (PMU), Sunni tribal militias, and Kurdish Peshmerga, as well as their local proxies and international partners – sought to achieve various goals.

Each of these groups envisioned victory against ISIS in northern Iraq differently, particularly in terms of political gains. How have these actors – particularly leaders of the PMU – used military operations in northern Iraq as instruments of political opportunity and leverage?"

chattels: https://postwarwatch.com/2017/10/11/iraqs-permanent-mobilization/

chattels: And that's the way it is, according to the news I read, Monday morning, October 30, 2017.

chattels: Kurds in Iraqi army still serve despite conflict Adam Lucente October 29, 2017

https://www.al-monitor.com/pulse/originals/2017/10/iraq-kurdistan-kirkuk.html
chattels: “The Kurds in Iraq have no future.”

spanki: they never had a future, that is why they wanted to separate- imo

KTFA UPDATED, 30 OCT

Get1Later:  Once the CBI CHANGES THE RATE.....THIS won't be an issue ANY LONGER!!!!

Rafidain Bank invites its branches to encourage citizens to deposit their money with the bank

October 30, 2017

Rafidain Bank, called its branches in Baghdad and the provinces on Monday to encourage citizens to deposit their money in the bank instead of hoarding them in the houses.

“Specific mechanisms have been put in place to provide the best and widest banking services and to overcome obstacles to the citizens and gain their trust,” the bank’s press office said in a statement.

The statement added that “the bank’s cash deposits contribute to the continuous improvement of the level of financial services and thus the entry into the financial and economic cycle of the country and benefit the citizen and the bank.”

http://en.economiciraq.com/2017/10/30/rafidain-bank-invites-its-branches-to-encourage-citizens-to-deposit-their-money-with-the-bank/

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JesusLovesBaseball:  Baghdad International Fair concludes with a million visitors

Monday 30 October 2017 - 06:52 PM

The Ministry of Commerce announced the closing of the 44th session of the Baghdad International Fair, which was attended by 18 countries and 688 companies representing the industrial, commercial, agricultural, scientific, communications and information technology sectors under the slogan "We have liberated our land and need your cooperation."

The ministry said in a statement today that the ceremony was held in the presence of the Minister of Commerce and Salman Jumaili and representatives of ministries and agencies and participating countries and companies representing the Iraqi private sector and the international public and a large number of citizens.

Al-Jumaili stressed in his speech at the end of the exhibition, "the appreciation and appreciation of the Government and the people of Iraq to all the friendly and brotherly countries that have demonstrated their support and support to the Iraqi people. They are fighting a fierce war representing humanity and achieving great victories in which all the usurped regions of the Takfiri and terrorist gangs have been liberated.

The country, on the other hand, is building, developing and attracting major international companies and establishing economic partnerships with countries that have the expertise and leadership in investments and the construction of major projects in various fields. "

Al Jumaili pointed to the success of the 44th session and the achievement of all the objectives envisaged, whether they related to gender and quantity and the interaction of our people with all the events that were held on the sidelines of the session, which varied between workshops, dialogues, meetings and agreements between Iraqi businessmen and their counterparts in other countries.

He pointed out that the exhibition this year was an important gateway for the entry of States and companies for the first time and is looking for investment opportunities and partnerships with the Iraqi private sector in light of the urgent need to enter companies in various sectors to rehabilitate the infrastructure and erosion in all areas of Iraq, especially in areas that have been terrorized and urged to Serious damage.

Al-Jumaili appreciated the participation of the Kingdom of Saudi Arabia for the first time in more than 66 companies working in industrial, technological and commercial fields and a large media delegation that contributed to conveying the image of what is happening in Iraq from security, safety and natural life.

As the price of the role played by our people in the success of the activities of the session through the presence of intensive and unprecedented, a message to the world that our people alive and will not be cut off from the other world and Iraq is coming strongly as an important economic player able to contain the largest international gatherings and interact with them to serve the aspirations of our people A free and dignified life.

The events of the Baghdad exhibition lasted from 21 to 30 October and witnessed the visit of more than one million citizens over the past ten days and included artistic, cultural and scientific activities held by cultural gatherings, scientific institutions, universities and civil society organizations.

On the last day they distributed gifts and certificates of appreciation to all Participants from countries, companies and organizations attending the session.   LINK
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GFulcher66:   Good nugget imo ... Trump is replacing several FRN chairman between now and next yr. in the opinion of several online economist that will give the US president more power of the feds than any other US president since 1914…. Basil111 here we come
Don961:  Report: "Trump" chooses the new president of the Federal Reserve next Thursday

US Federal Reserve Chairman Janet Yellen's term expires in February 2018

 30 October 2017 06:33 PM

Direct: Reports expected that US President "Donald Trump" name of the new Federal Reserve Chairman on the next five.

A White House official familiar with the matter said on Monday that Trump was likely to announce his choice for the Fed chairman next Thursday.

US Federal Reserve Chairman Janet Yellen's term expires in February of 2018.

A number of members of the US Congress have asked President Trump in a statement issued last weekend not to reappoint Janet Yellin for a new period in the count of confidence in government institutions and the public.

Previous reports have suggested that Donald Trump is a candidate for the post of central bank president, one of them is Jerome Powell, a member of the Federal Reserve, and the other is Stanford University professor Brian Taylor.

Investors are waiting for the Federal Reserve meeting next Wednesday to announce US monetary policy in the coming period, with expectations of a key interest rate unchanged.

RV/INTELLIGENCE ALERT - October 30, 2017

PAYMASTERS, BANKING MANAGERS, AND CALL CENTER PERSONNEL ARE ALL WAITING FOR THE EXCHANGE TO BEGIN.
 
THE CURRENT WINDOW FOR THE 800# RELEASE REMAINS OPEN FOR 38 MORE HOURS.
 
NOW IS THE TIME FOR MASS MEDITATION.

Operation Disclosure

DINAR GURUS UPDATE, 30 OCt

10-30-2017   Intel Guru RayRen98   There was so much information coming out over the weekend!  On late Sunday night, there were reports on the Erbil crisis, and that supposedly ended yesterday (29. October) due to civil agreements.  That is from military sources, and it’s not official yet.  The Law of Oil and Gas will end the Kurdish crisis when they finally come to agreement with it – and supposedly they have agreed.  Those are the updates, and the progress they may have with what we are looking for.  As I understand it, the HCL stuff and full liberation are the only things remaining, so we’ll see how they go.

10-30-2017   Intel Guru Delta 
  Article:   "Rafidain calls its branches to encourage citizens to deposit their money with the bank"   CITIZENS URGES  RAFIDIAN BANK TO INCREASE THE VALUE  OF IRAQI DINAR FIRST!!!   lol

10-30-2017   Newshound Guru MilitiaMan   Article:  "During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017"  Quote:  "The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017..."   This is valuation, assessment, it is in ones best interest to be paying attention to it..

10-30-2017   Newshound/Intel Guru Mnt Goat    There is no GCR! ...There is only ONE (1) one...currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018.   I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week.  [post 2 of 2]

10-30-2017   Newshound/Intel Guru Mnt Goat  ...they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities.  ...many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability.  Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first.  [post 1 of 2....stay tuned]

10-30-2017   Newshound Guru EHankins  ...IT SEEMS VERY QUIET HERE... ALMOST INTENTIONAL AS IF SOMETHING IS ABOUT TO EXPLODE AND TO CONCURRENTLY BRING MANY MANY THINGS TO LIGHT...I COULD BE WRONG...GUESS WE'LL WAIT AND SEE.

10-30-2017   Newshound Guru MilitiaMan   Article:  "A member of the German ruling party Mustafa al-Ammar nominated Iraqi Prime Minister Haider al-Abadi for the Nobel Peace Prize"  After watching Abadi yesterday in the WSJ, New York and LA Times interview one can not argue this man deserves it and rightfully so too!! The man is all about unity, integrity and above all the Iraqi citizens! 

Rafidain urges Citizens to deposit 3 zero notes

ZIM Insanity by rrrr, 30 OCT

Food For Thought Dinarians: Please take time to absorb this. If the ZIM rate comes out a $1 for a 100t note with a 6 zero LOP, then each note is worth 100 million. 

If there are a total of 50,000 ZIM holders who hold an average of 20 notes each (I know many who have much more), then the total value of ALL ZIM notes post RV comes to 100 Trillion Dollars. 
The GDP of the entire Planet in 2014 was 105.7 Trillion Dollars. 

https://en.wikipedia.org/wiki/Gross_world_product.

MNT. GOAT UPDATE, 30 OCT

October 30, 2017 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.

“So here I sit, broken hearted (end of October), came to exchange but only listened to the retarded (idiots)”.

When I was composing this newsletter, and researching the known sites for articles and news, I could not help but think that the news is all mainly once again emphasizing economic growth in Iraq and the difficulties it is having attracting investors. It is having a hard time taking its place on the international stage.

Banks simply do not want to do business within Iraq due to antiquated investment laws and red tape. Corporations do not want to come into Iraq due the INSTABILITY and RISKS involved with these bombing episodes. Also ISIS is not yet fully gone. Sectarianism is still also a major factor and it causes a dysfunctional society that is hard and risky to do business in.

Many ask me why does Iraq not just RV and it will solve all their problems. I have to tell you it will not. In fact it may even make worst problems if they were to RV now. Let me give you an analogy to help you understand.

Example: 

You are a business in Germany. You manufacture beer steins. An Iraqi merchant puts in an order for 5,000 steins. You ship the steins and expect to get paid. The merchant sends you dinar.

What in hell are you, in Germany, going to do with dinar? You go to the bank of Deutschland and they tell you they do not handle the dinar.

You try many other banks, unsuccessfully. You even ask you employees if they will accept dinar for their wages. They of course say no!

What will anybody in Germany do with it? They can’t use it since they have no demands for it and can’t make any money off exchanging it (the spread). There is not even a tourist demand for it, since many from Germany don’t want to go the middle east due to SECURITY reasons for their own safety.

So this German business owner say he cannot take dinar. The Iraqi merchant then must go to the bank currency auction window in Iraq and exchange the dinar for US dollars or maybe even get Euros to pay for the steins. Do you see the problems here?

This is why during the sanctions within Iraq the IMF imposed the US dollar as the currency to pay the outside world. It is the most acceptable and most widely tradable currency.

So it is not a matter of wanting to RV and delaying the RV (for some reason that is hidden from us) instead it’s a matter of who the hell wants the dinar since they can’t do a damned thing with it when they get it? So, if the CBI did increase the RATE on the dinar without first increasing the VALUE, it would even be that much more impossible to use it globally. Get it?

Can you see the job laid out ahead before the CBI?

Can you see why they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities.

Oh- but many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability. Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first.

I hope everyone reads this today and shares this with others who are confused about why the dinar has not yet revalued. I know why these attitudes persists and it is because of many (not all) of these so called intel “gurus” out there who set themselves up as egocentric gods of intel and fully take on the responsibility to keep you informed without much knowhow. They pretend and lie to you. Did I also mention many of them barely passed first grade…lol….lol….

More news….

Yes -there is still some waves from the Kurdistan referendum and the ongoing last stages of ISIS and Deash cleanup.

But its all here today in black and white for you to read. I presented some really amazing news and articles. Talk about being optimistic in this investment? WOW!

Those that sold their dinar for ZIM, Rial or whatever will be sorry. I want you to know “I told you so”. Stop listening to all these idiotic so called intel “gurus” who mislead you and pump you to buy these other highly speculative currencies with your dinar money. It is a game and a scam.

There is no GCR! Yes – these other currencies are very cheap. But why buy them? There is only ONE (1) one, one, one, (did I say one) currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018.

Oh – many might say “we heard all this before” and I say you would be right. But remember in each of the last 4 attempts to revalue it was planned for early January timeframes. So why would we think they would change this pattern? If we listen and I mean really listen to the news coming out of Iraq it all moves in this direction. But to really listen and get the full jolt of what I am telling you today, you must take off your every day / any day intel bullshit and come down to reality. In other words stop listening to these idiots telling you they think we will see the RV today or next week.

No one, and I mean no one knows the exact date or even a certainty of a short timeframe for the RV. But what I can tell you with the UTMOST CERTAINTY is when they WILL NOT RV. This is not hard to know since they have told us many times already when they will not RV. They told us they need POLTICAL STABILITY AND SECURITY in Iraq. Later, as we read many articles they defined just what they meant by STABILITY AND SECURITY so now we don’t have to guess anymore. I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week.

More news….

When the Central Bank of Iraq talks, I listen.

October 27, 2017 in Iraq Banking & Finance News

The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017.

The bank explained that the standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber-attacks and vulnerabilities.

Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.

(Source: Central Bank of Iraq)

This article is great but does everyone truly understand the impact of this news. To understand you must know what SWIFT is.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes".

The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).

The key to SWIFT is and I quote – “The majority of international interbank messages use the SWIFT network”.

More news….

Article 25 of the new Iraqi Constitution stipulates that the State shall ensure the reform of the Iraqi economy according to modern economic bases, in a manner that ensures the full investment of its resources, diversifying its sources and encouraging and developing the private sector.

Article 26 also stipulates that the State shall encourage investments in the various sectors and shall be regulated by a law. These articles shall lay down the general principles of investment and the state's entitlements to develop formulas for the advancement of the economy through investment.

It is necessary to support and encourage investment and the private sector, since the investment must be a law that regulates and sets the foundations for its success.

In fact, in 2006 Abadi’s cabinet legislated the Investment Law No. 13 of 2006 and its amendments, but this law needs to stand at some of its full implementation to establish a successful investment process in the country.

More news….

Here is an interview with prime minister Abadi of Iraq. It was conducted a few days ago. The link follows.

https://www.youtube.com/watch?v=9uRlp-mAmLY

I HIGHLY recommend everyone to listen to it and get the direction Abadi wants to take Iraq. He is the good guy!

So, who are you going to listen to it is your choice. You can listen to the prime minister Abadi himself or you can continue down this road of nonsense and listen to these idiotic so called intel “gurus”. Abadi covers some very interesting topics, all of which we are concerned about the re-building their economy, POLITICAL STABILITY and SECURITY. He comes right out and tells us what are the issues still pending.

He talks about the impact of ISIS and Daesh and the Kurdish referendum. 

He talks about the current problems and direction of Iraq. Folks thru this video you can get a very good idea on the personality of Abadi and how he thinks and wants to move the country of Iraq. This is so much different than Nori al-Maliki (the peanut head idiot).

Remember I said that when we are trying to figure out a timeframe for the RV, it is not the rate of the dinar that we should be so concerned about. Don’t get all hung up on this. But rather the VALUE of the currency based on the economics and status of the region. The new rate (whatever it will be) will be a direct result of this increase in VALUE. It will reflect a true value. Then the speculators will join in and drive it up for a while. Then it will settle back down. Yes – it will be a feast at first, but once they have their bellies full it will settle down.

So, you want to know when the rate will change? Listen to Abadi he is giving a status of the nation like speech.

Abadi talks about crises and events that could lead the country back to a dictatorship, if not handled correctly. He still has concerns about some of these political parties within Iraq. So, we can see there is still turmoil not the level of STABILITY needed. He talks about the Kurdistan referendum and how they are trying to drive POLICIAL INSTABILIY and yet another crisis. Abadi is tired of these constant crises and he says so. He wants desperately to get Iraq out of this mode. He is not going to play into the hands of these infiltrators and instigators.

I say this because this is not my OPINION but rather Abadi talking and telling us this first hand. Get it. No rumors, No hype, just the FACTS. He says it himself. He does say there are still some very dangerous political parties but the trend is towards UNITY. There is a positive change.

Abadi refers to a shadow entity working behind the scenes to give democracy a bad name and to introduce mistrust between politicians and the people. He is very alarmed by this. He says this needs a solution. He is working on it.

So just remember there is still work to be done and so let’s not count our chicks until the eggs are hatched.

Do you know what this statement means? It is one thing to be optimistic but optimism is not exactly always reality and acting crazy, stupid and highly speculative. We all must learn to relax and really, really think about what is happening in Iraq.

More news….

U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.

More news….

Wow! This is WOW! news. Please read the full article below. Here is a summary. What do they mean that Iraq will become the “eighth tiger”?

In the article they are using an analogy, but the term “TIGER” economy is actually a known term used by economists.

A “tiger economy” is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living.

Collectively this term refers to the economies of Indonesia, Malaysia, the Philippines, and Thailand, the four dominant countries in Southeast Asia. Tiger Cub Economies are so named because they follow the same export-driven model of economic development pursued by Hong Kong, Singapore, South Korea and Taiwan, which are collectively referred to as the Four Asian.

So, what the article is telling us is that Iraq will outpace #8 place from 2017 rankings and move into this ranking in 2018. I am not sure where the other tigers will end up ranked but we do know Iraq will take its place in the rankings as a TIGER. Urrrrrrrrrrrrrrrrr…..

Folks do you know just how amazing this news is? This is one of those WOW! articles. No middle eastern country has EVER ranked in this category of TIGER economies, NEVER, EVER! Can they do this without a currency being internationally traded? I don’t think so….lol … lol …

Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of 

economic agreements.

This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced

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Articles are below. Due to FACEBOOK limitations my comments are in brackets ( ) throughout the articles. I also separated the articles with asterisks.

Articles Begin

IRAQI KURDISTAN LEADER BARZANI WILL HAND OVER PRESIDENTIAL POWERS ON NOVEMBER 1

SULAIMANIYA, Iraq (Reuters) - Iraqi Kurdistan’s veteran leader Masoud Barzani will not extend his presidential term beyond Nov. 1, a Kurdish government official said on Saturday.

His decision came just weeks after a referendum on Kurdish independence backfired and triggered a crisis for Iraq’s Kurds who had been enjoying a period of unprecedented autonomy.

A plan to divide up the president’s powers was outlined in a letter Barzani sent to the Kurdish parliament on Saturday, the official told Reuters. The plan asks parliament to distribute the president’s powers among the government, parliament and judiciary.

Barzani’s current term was set to expire in four days, the same date that presidential and parliamentary elections were due to be held. However, those elections were delayed indefinitely last week, amidst an escalating regional crisis.

Critics say the Sept. 25 independence referendum, orchestrated and championed by the 71-year-old Barzani, has left a bleak outlook for Iraq’s Kurds.

Less than four weeks after Kurds in the region voted overwhelmingly to break away from Iraq, the central government launched a military offensive to wrest back the oil-rich city of Kirkuk, which the Kurds regard as both their spiritual homeland, and a key source of revenue for their would-be independent state. It was one of several retaliatory measures taken by Baghdad, which vehemently opposed the referendum.

In a matter of days the Iraqi government has transformed the balance of power in the north of the country, exerting tremendous pressure on Barzani to step aside and wrecking decades-old dreams of Kurdish independence. Iraqi forces have continued to advance on all Kurdish-held territory outside the autonomous region’s borders.

Iraq’s prime minister demanded on Thursday that Kurds declare their independence referendum void, rejecting the Kurdish autonomous region’s offer to suspend its independence push to resolve a crisis through talks. 

Earlier this year, Barzani said he did not intend to stand in the November elections. However, prior to the referendum, few expected he would stick to his promise.

Barzani has held the office of the presidency since 2005. The region last held a presidential election in 2009, in which Barzani won. His term of office expired in 2013 and was extended twice. The president is expected to address his people before his term formally expires, marking the end of a storied career.

Barzani was born in 1946, soon after his legendary father, Mulla Mustafa, founded a party to fight for the rights of Iraq’s Kurds. After decades spent fighting with the Peshmerga, Barzani became a central figure in the drive to create an autonomous Kurdish state in northern Iraq, after Saddam Hussein was toppled in the U.S.-led invasion of Iraq in 2003.

Barzani’s letter will be discussed by parliament on Sunday, though the government official said it was unclear whether ministers would need to vote the plan into action during the session.

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IRAQ - BEST ARMY IN THE WORLD IN 2017

Baghdad Mawazine News

Lieutenant General Abdul Wahab al-Saadi won the award of the best military commander in the world in 2017, while the Iraqi army won the title of the best army in the world this year.

Retired General Taosend Rushford, general supervisor of the 2017 Festival of the Best, to be held by Jane's, a British military, defense, armament, warfare and manufacturing magazine for the English-language channel, said the British military magazine Jeans will hold its World Festival on Dec. 21 in the capital. British and London and allocated 20 awards in different military specialties of the most prominent military invention and the most prominent manufacture and most prominent innovation and the best manufacturer and the best buyer country and the best army in the world and the best military commander in the world and other awards.

"So far, only three awards have been made, the title of the best arms purchaser who went to Saudi Arabia undisputedly, and the IRAQI ARMY WON THE TITLE OF THE BEST ARMY IN THE WORLD FOR 2017 UNDISPUTEDLY for the great achievements he made, the vast distances he liberated and the quality of the battles he won, Military in the world for 2017 went to the Iraqi Marshall Marshall Abdul Wahab al-Saadi, who liberated Falluja and Mosul and dropped a state called ".

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IRAQS ECONOMIC RECOVERY

The signs of economic dislocation in Iraq are looming after an important page of disability has ended with a "da'ash" strike.

Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country.

Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of 

economic agreements.

This move WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced.

Based on Iraq's assets and wealth qualify for it, but was disabled because of his preoccupation with the war, "dashing" and address the effects of the financial crisis because of the decline of its financial resources due to low oil prices and fluctuation.

Perhaps the return of Iraq strongly to the Arab and regional environment and the use of all with one space will enable him to economic recovery again.

It is true that Iraq has been subjected to great destruction in the areas occupied by "Dahesh" but will overcome this stage by international support and the regional environment in this regard.

THE MERE START OF THE RECONSTRUCTION OF THE LIBERATED AREAS WILL CREATE OPPORTUNITIES FOR THE RECOVERY OF THE LABOR MARKET AND THE REPERCUSSIONS OF THIS WILL CORRECT THE DISTORTIONS EXPERIENCED BY THE ECONOMY represented by high rates of unemployment and poverty and will contribute significantly to the decline of these percentages.

In addition to this, the reform steps taken by the government in all parts of the state to reformulate the institutional system to carry out its activities aimed at implementing sustainable development programs, and these steps will have their effect and positive results in achieving the desired goals.

We hope that development progress will be achieved at this stage as long as the Government's steps are consistent with the requirements of development and are accompanied by the understanding and interaction of most ministries with the right measures that lead to achieving the desired economic reform. The first step in this direction is the 

next economic breakthrough.

THE RESULTS ARE EXPECTED TO GO TOWARDS ECONOMIC SUCCESS, AS THE REGIONAL INTERNATIONAL CONVERGENCE FROM IRAQ HOLDS THE KEY DEVELOPMENT CATALYSTS.

(Can it get any better?)

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THE UNTHINKABLE - U.S. CRUDE OIL IMPORTS FROM IRAQ HAVE EXCEEDED THOSE FROM SAUDI ARABIA IN 3 OF THE PAST 4 WEEKS

(folks – they are shifting the oil sales to Iraq. They need to compensate Iraq to help stabilize their economy. This is not coincidental!

Circa 2014 - Remember first they chopped oil prices and brought in ISIS. Then the economy almost collapsed. This was a price they had to pay for Maliki policies. You don’t want cooperate with us? Then we will replace you and show you just who is in control.

So either you now play ball or continue to suffer. Which is it? Maliki resigns reluctantly in 2014. They put Abadi in his place. They final get cooperation over the SBA (almost the exact same goals as for the 2010 SBA but this time its different. Abadi is cooperating and the reforms get in place, as needed.) Yes – the World Bank, IMF, WTO do have enormous power over which way a country’s economy can go.

So, these events are all intentional and well orchestrated and certainly NOT coincidental. They will drive the price of oil up by January. Just wait and see that I am correct, as I almost always are ..lol…lol…)

U.S. refiners are buying the stuff, rather than "taking" it -- whatever that might mean -- but the volume of Iraqi oil entering the U.S. has been on the rise since the middle of 2015 and has continued to increase this year, despite OPEC's output cuts.

Imports of Iraqi crude have averaged 600,000 barrels a day so far this year, according to data from the the Energy Information Administration at the Department of Energy. That's up by 50 percent from 2016 and is almost three times as much as U.S. refiners bought from Iraq in 2015. The flow through American ports has exceeded 1 million barrels a day three times since the start of June in weekly EIA data.

Iraq ascending no impact from OPEC cuts on U.S. oil imports from Iraq - on the rise since mid-2015.

MEANWHILE, PURCHASES OF CRUDE FROM SAUDI ARABIA, HAVE BEEN GOING IN THE OPPOSITE DIRECTION. The Saudis have made good on the promise oil minister Khalid Al Falih made after the May OPEC meeting to "markedly" reduce deliveries to the world’s biggest consumer. "Exports to the U.S. will drop measurably," he told reporters after chairing a meeting between the group and other major producers in Vienna on May 25.

And they have. After averaging close to 1.2 million barrels a day in the first six months of 2017, they have fallen to around half that level since the start of September. True, a couple of big storms in the Gulf of Mexico have hit individual weekly numbers, but they bounced back after the storms passed and delayed cargoes were able to discharge.

U.S. crude oil imports from Iraq have exceeded those from Saudi Arabia in 3 of the past 4 weeks. That would have seemed unthinkable as recently as last year. At that time, flows from Saudi Arabia were exceeding those from Iraq by somewhere between half and one million barrels a day.

BEIJING - BAGHDAD IS TO SIGN A RECONSTRUCTION AGREEMENT AND ANNOUNCE 2018 THE YEAR OF STABILITY

(Opps, these is that term again – the needed STABILITY! When? They are saying 2018, but not now. First they need to complete the liberation of the last of the ISIS held regions. Then they need to reconstruct the regions. Yes more evidence for us to be looking for an EARLY 2018 timeframe for the RV, but not now. You can see there is still more work to be done.)

Economy News _ Baghdad

China on Sunday offered to sign an agreement on Iraq to contribute to the reconstruction and delivery of aid, while the Iraqi government confirmed that the year 2018 will be a "year of stability" in the liberated areas.

"Secretary-General of the Council of Ministers Mehdi Al-Aalak received Chinese Ambassador to Iraq Chen Wei Qin to see the level of cooperation in the areas of humanitarian relief and stability in the liberated areas," said a statement by the Secretariat General of the Council of Ministers.

"The role of the Iraqi government in eradicating terrorism and the Chinese government's interest in the rehabilitation of schools and universities by providing assistance to improve the educational reality in areas that have suffered the control of terrorist gangs," the Chinese ambassador said.

"The need to coordinate the delivery of aid, contribute to reconstruction, and the possibility of signing an agreement between the parties in this regard," Chen stressed.

For his part, Al-Aalak welcomed the Chinese government's initiative, wishing it "a bigger and more secure role in participating in the Kuwait conference which will be held next year in cooperation with the State of Kuwait and the World Bank and with the broad participation of the countries of the world."

He added that "the Kuwait conference will discuss investment opportunities for the participation of major reconstruction companies after assessing the cost of war damage and the cost of rehabilitation of infrastructure, factories and companies."

He stressed that the year 2018 will be a year to support the stability in the liberated areas, "noting that" the current trend will be towards the completion of quick projects with the low cost of returning the displaced as soon as possible.

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Articles End

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Auf Wiedersehen 

Much love to ya all, 

Mnt Goat

ENORRSTE UPDATE, 30 OCT

Enorrste –    I found the forum commentary to be quite interesting.  I tend to agree somewhat with Mike, however, in that I don't think it moves the ball very far one way or the other.

​Having said that, though, I would offer these few comments:
 ...
Enorrste –   “Achieving Growth in Contexts of Great Challenge: The Iraqi Private Banking Sector”  The very fact that this conference exists is a good sign.

​It shows that all parties are aware of the problem and are attempting to work out a solution.

The issue of whether any bank coming into a correspondent relationship will find it likely that they will make money is a serious concern.   …

At the same time there was a clear understanding by one of the members of the “wild west” theory that KAP [Kaperoni] and I have talked about for years.  She said almost the same thing we have been saying all along, namely that once the movement begins it will snowball and lead to very rapid economic growth in Iraq.

 It is the beginning of the snowball that is the current problem.  Several members indicated that the laws and regulations are now in place, but that implementation is what is lacking.

 This, to me, is a positive step.
  I think that this is a lot like the snowball affect that I just mentioned:  it just needs to get started.  Once it does the confidence level will rise in bank usage.  Once that happens foreign banks will want to get involved as well.

It is a positive sign to me that all of the representatives on this panel recognize the liquidity problem and understand that getting the money out of the mattresses is the solution.

I would venture to guess that the CBI has a plan to push this process along, even to the point of forcing people to use their mattress money if necessary. 

​As with my other comments above I believe that this snowball affect will be the most important, once it begins.

The statement by one of the Iraqi bankers...was quite revealing, namely that he appealed to the CBI to just given the banks a checklist of things that need to be done to bring them into full compliance. 
I would wager that this proposal will be acted upon quickly by the CBI, once it is presented to them, and that full compliance across the board will occur shortly thereafter.

One thing is clear: all of the Iraqi bank representatives expressed a deep desire to be fully compliant.  The statement was simple:  "Just tell us what to do and we will do it!"

To sum up:  I find this to be a very positive event overall, even though it consists merely of statements of intent rather than lists of actual accomplishments.

It clearly shows that a lot of progress has been made over the last 3 or 4 years.

Therefore, it is my view that once this last hurdle is overcome (getting people to actually use the banks), that foreign investors, who are begging to get into Iraq due to the huge potential, will jump on board as soon as it is economically feasible to do so.  Enorrste

JESTER TIDBIT, 30 OCT

[Dinar Chaser] JESTER Any thoughts on Pres Trump's trip to meet with the Chinese?

 [JESTER] Dinar Chaser THAT IS ALL DONE... HE DOES NOT HAVE TO GO ON A TRIP TO FIX THINGS...

[Dinar Chaser] JESTER Is Russia on board with all this?

[Dinar Chaser] It just feels like we might see this come to fruition by the end of the year. Sure hope so.

[JESTER] Dinar Chaser PUTIN DOES NOT TALK TO ME.... HAHAHAHA

[JESTER] EVERY COUNTRY... 188.... WHICH INCLUDES RUSSIA AND SOME OTHER COUNTRIES THAT WOULD SURPRISE THE HELL OUT OF YOU ARE INCLUDED IN THE IMF NOW... THEY ARE ALL COVERED...
[Dinar Chaser] JESTER Wow! That must have taken some doing.

 [Dinar Chaser] JESTER Over 10 years, I'm estimating. Persistence pays off?

[JESTER] Dinar Chaser WE REPORTED ALMOST A YEAR AGO... THEY HAVE BEEN ADJUSTING THE ACCOUNTS FOR A LONG TIME... THEY HAD TO FIGURE OUT WHAT EVERYONE’S ASSET SHARE WAS GOING TO BE....

[RPharmer] JESTER I check my email several times a day for an email from KC Mana or G64. Not sure who the email will be from. Just hope it comes soon.

[JESTER] RPharmer A THIS TIME YOU ARE MORE LIKELY TO GET A CALL STRAIGHT FROM THE BANK...(WF Private Group)

[MarySunshine] JESTER They didn't ask for that kind of info when we signed up.... just our email.....

[RPharmer] JESTER Wow, good to know. I can't remember if I provided G64 with a phone number or not but my number hasn't changed.

[JESTER] MarySunshine I SHOULD OF SAID EMAIL FROM THE BANK...

[MarySunshine] JESTER Oh good....

[Jojill] Jester ok that got my heart rate up

[MarySunshine] I set my family up with Gen64 group... I keep track of their emails I gave out... they don't even know about them... too hard to explain. Will let them know when time comes....

[RPharmer] JESTER How many groups are out there? I know of 2 legit groups. I know it doesn't really matter. I'm glad and happy to be in one.

[JESTER] RPharmer HARD TO SAY... BUT MOST ARE GOVERNMENT ASSOCIATED AND ALREADY HAVE CONTRACTS... ANYONE ELSE TELLING YOU DIFFERENT IS BLOWING SMOKE UP YOUR SKIRT....

[Dinar Chaser] JESTER Will people not in an authorized group be able to exchange at least for some small amount per dinar?

[Jojill] Jester end in sight?

[RPharmer] JESTER I'm guessing congress always gets first, and maybe only, dibs on these kind of deals...

[JESTER] BRING THOSE QUESTIONS TUESDAY...

JOIN US ON TUESDAY, THURSDAY, SATURDAY, AND SUNDAY FOR LIVE CHAT AT -
http://client4.addonchat.com/chat.php?id=598892&s

KTFA UPDATE, 30 OCT

DELTA:  CITIZENS URGES  RAFIDIAN BANK TO INCREASE THE VALUE  OF IRAQI DINAR FIRST!!!   lol

Samson:  Rafidain calls its branches to encourage citizens to deposit their money with the bank

 30th October, 2017

Called Rafidain Bank, on Monday, its branches in Baghdad and the provinces to encourage citizens to deposit their money in the bank instead of hoarding it in homes.
"Specific mechanisms have been put in place to provide the best and widest banking services and to overcome the obstacles to the citizens and gain their trust," the bank's media office said in a statement.
The statement added that "the bank's cash deposits contribute to the continuous improvement of the level of financial services and thus the entry into the financial and economic cycle of the country and benefit the citizen and the bank  

http://economy-news.net/content.php?id=9560
….
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Samson:  Rafidain urges citizens to deposit their money in the bank

2017-10-30 at 10:48

The Rafidain Bank on Monday urged its branches in Baghdad and the provinces to encourage citizens to deposit their money in the bank instead of hoarding it in their homes.
"The bank urged its branches in Baghdad and the provinces to encourage citizens to deposit their money in the bank rather than hoarding it in the houses," the bank's media office said in a statement received by Mawazine News.

"The Bank's cash deposits continue to improve the level of financial services to customers in terms of the interest rates of these deposits and thus make their entry into the financial and economic cycle of the country and benefit the citizen and the bank."

He pointed out, "the establishment of specific mechanisms to provide the best and broadest banking services and overcoming the obstacles to citizens and gain their confidence."

LINK

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Samson:  Oil exceeds $ 60

 30th October, 2017

Oil prices rose on Monday after the price of Brent crude price of $ 60 a barrel at the beginning of the deal because of expectations to extend the agreement led by OPEC to reduce production and scheduled to end in March.

Brent crude futures were $ 60.53 a barrel by 0054 GMT, up 9 cents, or 0.15 percent, from the previous close

It is still close to the Brent high since July 2015 and has risen more than 36 percent since reaching its lowest level in 2017 in June

Futures for the WTI rose 13 cents, or 0.24 percent, to $ 54.03 a barrel

OPEC, Russia and nine other oil-producing countries have agreed to cut about 1.8 million barrels per day to get rid of oil supplies.

The agreement is in effect until March 2018, but both Saudi Arabia and Russia, which lead the effort, have expressed their support for extending the deal.

OPEC is due to meet formally at its headquarters in Vienna, Austria, on Nov. 30

http://economy-news.net/content.php?id=9558

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Samson:  Riyadh issues instructions to facilitate travel between Saudi Arabia and Iraq

30th October, 2017

Saudi official source revealed the issuance of instructions to facilitate travel procedures for Saudis to Iraq.

The source, who asked not to be named, told the Independent that the directives included canceling the requirement to obtain security approvals for Saudis wishing to travel to Iraq, as was the case in previous years.

He pointed out that the Kingdom is in the process of issuing instructions to facilitate the travel of Saudis to Iraq directly, as part of the opening procedures witnessed by relations between the two brotherly countries.

The kingdom is also preparing to issue instructions to facilitate visas for Iraqis wishing to travel to Saudi Arabia, the source said.

He explained that Iraqis as of 2018 next can obtain a visa to visit the Kingdom, away from the Hajj and Umrah.

He stressed that the measures taken by the Saudi government aimed at deepening the ties between the two brotherly peoples and opening up significantly to Iraq.

Iraqi Prime Minister Haidar al-Abadi visited Saudi Arabia a few days ago and met Saudi King Salman bin Abdul Aziz and Crown Prince, in conjunction with the meetings of the Higher Coordination Committee.

While sources informed that the Crown Prince Mohammed bin Salman is going to visit Baghdad soon to meet the three presidencies to discuss the measures of cooperation between the two countries in all fields.   LINK

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Samson:  The Baghdad Economic Forum and the Secretariat of the Council of Ministers organize a workshop on the importance of sovereign funds

12:04 - 30/10/2017

The Baghdad Economic Forum, in partnership with the General Secretariat of the Council of Ministers, organized its second workshop under the title "Sovereign Funds and their Role in the Development of the Iraqi Economy," in the presence of a number of relevant officials, parliamentarians, local and foreign economic figures, academics and representatives of some embassies, international organizations, the World Bank and the United Nations.

"The workshop comes in support of the steps taken by the government and the private sector to unify the visions and procedures for developing the Iraqi economy and diversifying the country's sources of income to face future economic shocks," the statement said. The aim of the workshop is to come up with recommendations on the sovereign funds to be established as well as to define their objectives and mechanisms for managing and judging them rationally by taking advantage of the experiences of other countries that preceded us in this field with the development of National unity to suit the requirements of the Iraqi economy. "
The statement added that "seven research papers discussed during the workshop were presented by a number of researchers, including the paper of the Prime Minister's Advisor for Financial Affairs, the appearance of Mohammed Saleh, entitled" The Sovereign Fund and the Economic Development Guarantees.

"It included the meaning of the Sovereign Wealth Fund and how to finance it.

Allocations of infrastructure projects in the federal budget available from the country's own resources, and are constantly compensated by withdrawing them to extinguish the foreign loans provided by the foreign joint venture companies through the foreign government guarantee agencies, In order to ensure the implementation and funding on a continuous basis to start the work of contracting in Iraq to ensure timely and efficient completion and ongoing financing and thus will operate the submersible fund and the function of guarantor and financier of infrastructure projects.

The statement said that "the other research papers were respectively research by the name of Abdul Hadi Hassan, head of research / Central Bank of Iraq entitled (options available to build a sovereign fund in Iraq in the current circumstances and the prospect of future development) presented a vision to build a sovereign fund or more and dealt with how Its administration, its governance, its financing and the obstacles that the Fund may face. It also discussed some of the successful global experiences, as well as a research presented by the former Minister of Science and Technology Raed Fahmi entitled (sovereign funds), in addition to other research by specialists in the field of economics and finance.

http://www.almaalomah.com/2017/10/30/250079/


Lilypadktfa:  Thank you Walking stick.

Quote:  The owner of the company for "Iraq News", that "the "security services have identified all companies and banking offices ceiling higher remittances out of Iraq after it was like absolute without limits in the past," noting that "the ceiling of the highest remittances is the amount of 10 million Iraqi dinars or Only 10,000 US dollars. "

10,000,000 or 10,000       10,000 or 10,000   1:1   SOOM

Walkingstick:  Setting a higher ceiling for remittances abroad

BAGHDAD (Reuters) - The owner of a money exchange company in Baghdad on Monday identified the security services of all companies and banking offices with a higher ceiling for remittances out of Iraq, he said, pointing out that these measures are aimed at preventing the financing of terrorist groups or attempts to launder money.

The owner of the company for "Iraq News", that "the security services have identified all companies and banking offices ceiling higher remittances out of Iraq after it was like absolute without limits in the past," noting that "the ceiling of the highest remittances is the amount of 10 million Iraqi dinars or Only 10,000 US dollars. "

The owner of the company, who asked not to be named, said that "these measures come in order to prevent the financing of terrorist groups or attempts to launder money," pointing out that "many of the offices have been closed, especially in the area of ​​Shorja because of the violation of these instructions." Finished 2

http://aynaliraqnews.com/index.php?aa=news&id22=85450