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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, October 31, 2017

Remittances at 1,000 IQD to 1 USD/350 companies compete for bonds

DINAR GURUS UPDATE, 31 OCT

10-31-2017   Newshound/Intel Guru Mnt Goat   Article:  "IRAQS ECONOMIC RECOVERY"   Quote:  "...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."  What do they mean that Iraq will become the “eighth tiger”?   ...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.  ...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.   Folks do you know just how amazing this news is?  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

10-31-2017   Intel/Newshound Guru sandyf
    One thing you can take to the bank is that if the Iraqi currency is ever redeemed following a significant rise in value, the exchange will not be 'normal'.

10-31-2017   Intel Guru Bluwolf   Main Source informed all personnel to be ready to start the exchange process. Let us pray that this be it finally.

10-31-2017   Intel Guru RayRen98    [What makes this week substantially different than any other week?]   The news – just go back and compare last week’s news with the week before, and all those items of what was protected [projected ?] to happen and what actually has happened:  provinces being liberated “in the coming days” – that is a stumbling block that is being removed, plus the HCL agreement that is now being settled.

10-31-2017  Intel Guru Dr. Clarke    OCTOBER. VICTORY! For Sure. For Sure. For Sure. ROCKtober!  The “Necessary” game changer.   MISSION ACCOMPLISHED!  Allaq. CBI. IMF. UN. Kurdistan. Barzani. Iraq. OIL. Money. OIL. President Trump. Saudi Arabia. Iran. Turkey. Syria. N. Korea. Russia-Uranium. Budgets. Taxes. OIL. Far East Region 10 Day Trip. OIL. Vietnam. Abadi’s ANNOUNCED Promises. China. Currency. Liberation. OIL. Freedom

10-31-2017   Newshound/Intel Guru Mnt Goat   Here is an interview with prime minister Abadi of Iraq.  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.   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...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. So just remember there is still work to be done...  [reference Mnt Goat post 10-30-2017]  
10-31-2017   Intel Guru RayRen98   [Dinar rate...was the $3.71 in your update. It’s been hovering around that number in your previous updates – do you think that’s what it will be, or close?]  Yes, although recent hints speak of it being a little higher, possibly.

"RV/GCR Insight and Thoughts" by Truthseeker , 31 OCT

Entry Submitted by Truthseeker at 9:09 AM EDT on October 31, 2017


In today's post I would like to provide some insight on several topics that are being shared throughout the Dinar Community. 


First off, I would like to review the topic of an "RV/GCR date". So throughout my journey of 7+ years I've heard hundreds if not thousands of predicted RV dates that have all come and gone. I am not bashing any Intel providers but I cannot envision a true RV date ever being shared with the masses. Let's look at the reasons why I do not envision that to happen; 


1. Because so much time has elapsed, IMO there are well over 40 million speculative investors in the IQD alone. 


2. Because of this IMO the NPTB will never provide or allow to seep out a true RV date. If that did occur there would be 30+ million (alert investors) ready to pounce at any given moment.


3. Because of everything I stated above, IMO I severely doubt we Dinarian's will never get a "heads-up" just prior to the RV (but I remain positive because there is no verifiable information anywhere stating we Dinarian's will not be allowed to exchange) 


Now let's review the rates. IMO because of the number of investors in the U.S. and globally (40+ million), I feel the NPTB will do everything possible to pay all investors and at the same time limit their exposure, i.e., the amount they have to payout. In order to do this IMO I foresee the IQD RV surfacing somewhere between .10 and .30 with a disclaimer stating all three zero notes (outside of the country of Iraq) must be exchanged within a certain time period, between 2-weeks up to a month. I would then expect a 2nd RV to occur, after the three zero note expiration has expired (outside the country of Iraq), placing the IQD on par with it’s neighbor Kuwait. By doing this, the NPTB will be able to pay all investors (keeping the masses as calm as possible) and be able to increase the value of the IQD without having to fund insane amounts of money to 40+ million investors. I know that's not what most investors want to hear, but that is how I envision the RV to take place. 


Overall picture: 


There are a lots of Intel Providers, News Hounds and Information Gathers around the globe who are spending countless hours day-after-day trying to find and provide the latest information to share with the invested Dinar Community. The thing to remember above all else is the fact that we are all on the same ride headed in the same direction for the same purpose, to try and make the lives of our friends, families, communities and (our) country a better place for all of us to live. Because we are dealing with the revaluation and/or devaluation of so many countries (190+) it is pretty much impossible for any Information Gatherer to be 100% accurate. 


Here is something we can all do, say your prays and hope we can pray the RV/GCR into existence. 


10.31.2017


GO RV! 
Truthseeker

DAZ UPDATE, 31 OCT


DAZ:   ITS EASY TO BELIEVE IN JUST THE FACTS

I SUSPECT MUCH OF THE STUFF WE HAVE HEARD FROM ALL OVER THE NET OVER THE YEARS CONTAINS AN ELEMENT OF TRUTH..SOME MORE THAN OTHERS OF COURSE.

I DETERMINED LONG AGO THAT THERE HAVE BEEN VERY FEW DELAYS IN THE PROCESS. BUT THERE HAVE BEEN A LOT OF COURSE CORRECTIONS AND FALSE STARTS...AND THE RV WAS EVEN USED AT TIMES AS A TOOL TO PRY OPEN A FAULT OR WEAK SPOT THAT NEEDED REPAIR OR ARREST.

WITH ALL PROCESSES YOU MUST SET GOALS AND THOSE GOALS ARE MARKERS TO MEASURE PROGRESS TOWARDS A FINAL SUCCESSFUL RESOLUTION.

SOMETIMES THOSE GOALS ARE HIT...AND SOMETIMES THEY ARE MISSED...BUT EITHER WAY YOU ADAPT, ADJUST AND TRY TO NAVIGATE A NEW OR MORE SUCCESSFUL PATH TO THE END OF IT...ULTIMATELY, IT IS JUST A PROCESS.

I ALWAYS GO BACK TO A SINGLE PIECE OF INFORMATION THAT IN PART, SHOWS CLEARLY A FEW SIMPLE FACTS. AND FOR ME, ITS THE FOUNDATION OF MY CONFIDENCE AND TRUST.

WITH THAT SAID, LETS LOOK AT WHAT WE "KNOW".
__________________________________

IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY.

IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT.

THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY.

DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004.

THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD.

AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...  THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.

HANG IN THERE BUT...KEEP LIVIN'.

WE'RE READY WHEN THEY'RE READY.

BLUWOLF TIDBIT, 31 OCT

Main Source informed all personnel to be ready to start the exchange process. Let us pray that this be it finally.

Bluwolf

TNT Rayren98 Dinar Call

DR. CLARKE UPDATE, 31 OCT

YOU DON’T UNDERSTAND.

EVERYTHING is in our 7-27-17 Post (LINK). It’s All There…..as we’ve directed to, so many times over the past 3 months.

OCTOBER. VICTORY!
For Sure. For Sure. For Sure.

ROCKtober! 

The “Necessary” game changer.

MISSION ACCOMPLISHED!

Allaq. CBI. IMF. UN. Kurdistan. Barzani. Iraq. OIL. Money. OIL. President Trump. Saudi Arabia. Iran. Turkey. Syria. N. Korea. Russia-Uranium. Budgets. Taxes. OIL. Far East Region 10 Day Trip. OIL. Vietnam. Abadi’s ANNOUNCED Promises. China. Currency. Liberation. OIL. Freedom. 
7-27-17 Post. EVERYTHING is there.

2017.

“SEE” what’s Next.

DR. CLARKE

P.S. You may Hate us NOW, but you’ll LOVE us soon. 
(Well, not everyone. We really don’t care, what ANYONE ELSE says or thinks)

7-27-17 Post.

It Happens VERY Suddenly.

BE THANKFUL!…..It’s THAT time of Year..…it’s time to PREPARE for THANKSGIVING……it’s only 3 weeks away!

(FYI - The “World Shocker of Shockers” is: The U.S. - Russian Uranium deal disclosure……Boom!…..just getting cranked up)

7-27-17 Post.

We’re WINNING!

We CHOOSE to be here.

In our Free, Expectant, Unwavering, Unpopular, Steadfast, IL-Logical, OPINION.

MORE B.S. on the way……Next time……if you CHOOSE. Wisely.

IQD CHAT, 31 OCT

Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Tuesday  10-31-17 

chattels: BAGHDAD (AP) — With the Islamic State group driven from nearly all of Iraq, U.S. officials have suggested that the thousands of mainly Shiite paramilitary fighters who mobilized against the Sunni extremists three years ago lay down their arms. But Abu Mahdi al-Muhandis, who once battled U.S. troops and is now the deputy head of the state-sanctioned Popular Mobilization Forces, says they are here to stay.

“The future of the (PMF) is to defend Iraq,” he told The Associated Press in his first extensive interview with a Western media outlet. “The Iraqi army and Iraqi police say they cannot operate without the support of the Hashd,” he added, using a shortened Arabic term for the paramilitary force.
 ...
 http://www.rudaw.net/english/middleeast/iraq/30102017

chattels: Iraqi militia commander brushes off US call to disband

https://apnews.com/53c651ccfcbb469082ccba0cc8e40874/Iraqi-militia-commander-brushes-off-US-call-to-disband

chattels: I posted the following this morning : Worth the read, IMO. Opinion - Breaking the silence on Kurdish rights By GARY KENT http://www.rudaw.net/english/opinion/30102017

chattels: Iraq to end decades-old policy of semi-independent rule in Kurdistan, says PM Iraq Reborn: In an exclusive interview for Patrick Cockburn's new series on the resurgence of this key Middle Eastern nation, Prime Minister Haider al-Abadi reveals how Baghdad will hammer home its twin victories over Isis and the northern Kurds

http://www.independent.co.uk/news/world/middle-east/kurdistan-iraq-prime-minister-abadi-interview-independence-haider-baghdad-kirkuk-patrick-cockburn-a8028201.html

chattels: I am a confessed Kurdish sympathizer which I am sure skews my view, but hear me to say that I do not think that this is over by any means. The Kurds will be free of the GOI in " due course ".

chattels: Washington praises Barzani's renunciation of power and calls Erbil for dialogue with Baghdad

http://www.alliraqnews.com/modules/news/article.php?storyid=67684

chattels: What is the kurdistan " High Political Council " ?

chattels: " President Masoud Barzani will remain in Kurdish politics as leader of the High Political Council "

http://www.rudaw.net/english/kurdistan/291020175

blackgold: oh so you finally decided to show up
blackgold: I need an attorney

mountainwest74: chattels - I believe Abadi made a recent statement of regaining control of all Iraqi areas.

chattels: @mountainwest74 Michael P Pregent‏ @MPPregent 21h21 hours ago If Abadi is "our man in Baghdad" why is he picking Iran over a "70 nation coalition"?

chattels: @mountainwest74 Michael P Pregent‏ @MPPregent 21h21 hours ago Michael P Pregent Retweeted Michael P Pregent Everything US wants Abadi to get credit for is going to Ameri & Mohandes - they don't need his approval to do a thing - US in denial here

chattels: @mountainwest74 Michael P Pregent‏ @MPPregent 22h22 hours ago Abadi is not "our man in Baghdad" - he was Maliki's Deputy when Maliki was "our man in Baghdad" Maliki reminds him of his place everyday

chattels: Kurdish crisis imperils US anti-terror fight in Syria

https://www.al-monitor.com/pulse/originals/2017/10/kurdish-crisis-krg-border-crossing-us-fight-islamic-state.html

chattels: My unspoken corollary has always been that as the Kurds go, so goes our investment.

chattels: I am afraid that the Kurds / we are not looking too good these days.

chattels: Abadi: Peshmerga must come under Iraqi control, or downsized By Rudaw

http://www.rudaw.net/english/middleeast/iraq/31102017

chattels: Abadi said that Iraq’s federal authorities will impose exclusive control over all international entry points to and from the Kurdistan Region, including airports.

chattels: Abadi told the Independent that the Shiite Hashd al-Shaabi forces should not to play any role in the 2018 elections.

chattels: " should not " ???

[pm]Doug_W: AMAZING

chattels: Abadi: We will end decades of semi-autonomous government policy in Kurdistan

http://www.alliraqnews.com/modules/news/article.php?storyid=67702

chattels: Parliament votes to proceed with the amendment of the proposed amendment to the election law http://www.alliraqnews.com/modules/news/article.php?storyid=67716

chattels: Parliament votes not to allow any non-federal forces to be present in Kirkuk and disputed areas

http://www.alliraqnews.com/modules/news/article.php?storyid=67710 ​
​chattels: Parliament extends legislative term 30 days

http://www.alliraqnews.com/modules/news/article.php?storyid=67709

chattels: The House of Representatives raises its meeting to tomorrow

http://www.alliraqnews.com/modules/news/article.php?storyid=67719

chattels: David M. Witty‏ @DavidMWitty1 25m25 minutes ago Iraqi 7th Div & Tribal forces advancing on Abidi area in W Anbar, between Rawah & Qaim centers. http://mobp.as/yuVWj

chattels: David M. Witty‏ @DavidMWitty1 Following Following @DavidMWitty1

http://wataniq.com/news?ID=21149 Iraq Forces storm center of Abidi area in W Anbar.

chattels: Florian Neuhof‏ @FlorianNeuhof 4h4 hours ago 2017 is not getting any better for the #Kurds. But lets see how far Abadi goes with this.

http://www.independent.co.uk/news/world/middle-east/kurdistan-iraq-prime-minister-abadi-interview-independence-haider-baghdad-kirkuk-patrick-cockburn-a8028201.html … #Iraq #KRG

chattels: @mountainwest74 What are Iraqi areas ?
chattels: @mountainwest74 Many say such is defined by the 2003 border(s)

 

Restored Republic via a GCR Update as of Oct. 31 2017

Compiled 12:01 am EDT 31 Oct. 2017 by Judy Byington

A. Oct. 30 2017 1:53 pm EDT GCR Intel Alert: Operation Disclosure GCR/RV Intel Alert for October 30, 2017 https://operationdisclosure.blogspot.com/

1. Paymasters, Bank Managers and Call Center personnel were waiting for the Exchange to begin.

2. The current window for 800# release remains open for 38 more hours.

**********

B. Oct. 30 2017 TNT Call: iTeleseminar.com/102699480

1. Dinar in country rate was $3.71.

2. On Sun. Oct. 29 the Kurd leader announced his resignation as of Nov. 1.

3. On Sat. Oct. 28 the Bank of Iran increased their Rial 300 Rial to 1 USD.

**********

C. Oct. 30 2017 9:55 am EDT Fulford Report: "Is Trump too Scared to Name..." - Fulford Report (Excerpt) - 10.30.17

1. Last week U.S. Corporation President Donald Trump announced he would release all records related to the assassination of President John F. Kennedy, “other than the names and addresses of any mentioned person who is still living.”

2, In other words, there would be no mention of the involvement of George Bush (Scherf, Pecce) Sr. and the Vatican P2 Freemason lodge fascist New World Order faction.

3. Pentagon officials: “Trump muscled the CIA, Mossad, the FBI, and the Bush cabal to release ALL JFK files, since [then Israeli Prime Minister] Ben Gurion wanted JFK dead, and the same perps also did 9/11.”

4. These are the sane people who aim to create a world fascist government controlled by members of European royal families.

5. John F. Kennedy became aware of a plot to start World War III, wipe out 90% of humanity, and turn the rest into slaves. The Zionists very nearly succeeded in accomplishing this by triggering all-out nuclear war during the Cuban missile crisis.

6. That is why Kennedy decided to take away their main source of power—the ability to create money out of thin air.
7. George Bush Sr. and the Zionists had Kennedy assassinated in order to prevent the nationalization of the Federal Reserve Board.

8. These people are still in control of the creation of U.S. dollars, Euros, and Japanese yen out of thin air.

9. Their main instrument of power in the U.S. these days is still the Bush - Clinton - Rockefeller - Zionist Federal Reserve Board.

KTFA Monday Night Conference Call, 31 OCT

The first part is Business Promo and the second part is Dinar/Iraq Intel

PLAYBACK # : 641.715.3639     PIN: 156996#

https://fccdl.in/JZUSEzq1h

If call stops……wait a bit and it will start again…..several breaks in recording

TNT TIDBIT, 31 OCT

Okrocks:  SURA‏ @AlSuraEnglish #BREAKING - First time in 26 years Iraq controls Ibrahim Khalil border-crossing between #Iraq/#Turkey https://t.co/pFcTp4TMl7 #BREAKING - #Turkish PM Yildirim announces agreement with #Iraqi government to open new border crossing to Tal Afar in #Iraq

OkRocks:  #BREAKING - #Kurdistan Region agrees to hand control of all airports to the Federal Government after several weeks of domestic flights only #Iraqi Federal staff are currently in Sulaymaniyah Airport for transition

Harambe:  CNBC: Oil prices near two-year highs as supply cuts bite https://www.cnbc.com/2017/10/30/oil-markets-focus-on-opec-led-supply-c​uts-tighter-market.html

Harambe:  Bloomberg: Saudis Leads Gulf Nations in Cutting Break-Even Oil Price :  Iran, Iraq, Kuwait and Qatar will have break-evens below the oil price, more than enough to balance the budget in 2018, according to IMF estimates and forward Brent price data compiled by Bloomberg. Countries like Saudi Arabia will take longer to balance their budget, the IMF said.  https://www.bloomberg.com/news/articles/2017-10-31/saudi-arabia-leads-​gulf-nations-in-cutting-break-even-oil-price

RV/INTELLIGENCE ALERT - October 31, 2017

THE WINDOW REMAINS OPEN FOR 13 MORE HOURS.
 
WILL THE ELDERS/NPTB AUTHORIZE THE RELEASE WITHIN THIS WINDOW?
 
PLEASE EVERYONE JOIN TOGETHER FOR MASS MEDITATION AT 12 PM EDT TO MANIFEST THE RELEASE.
 
IF THIS WINDOW DOES INDEED PASS, THEN THE ELDERS/NPTB DEEMED THE TIME WASN'T RIGHT.
 
IT IS VERY MUCH POSSIBLE THIS CANNOT BEGIN WITHOUT A MASSIVE EVENT SUCH AS THE MASS ARRESTS.
 
HOWEVER, IT HAS NOW BEEN CONFIRMED FROM HIGH LEVEL SOURCES THAT ALL PAYMASTERS, BANKS, AND CALL CENTER PERSONNEL ARE READY TO BEGIN.
 
ALSO, ALL SOURCES ARE ALLUDING TO THIS BEING RELEASED IN OCTOBER.
 
WE WILL SEE.

Operation Disclosure

KTFA UPDATE, 31 OCT

KTFA:

Samson:  The assets of Arab sovereign funds are $ 2.99 trillion in October

 31st October, 2017

The value of the assets of Arab sovereign wealth funds reached $ 2.99 trillion in October, according to an official report released on Monday

This was according to an Anatolian survey, based on the assets of Arab sovereign wealth funds listed in the SWF Institute report, which specializes in the study of sovereign investments by governments and sovereign wealth funds

The Abu Dhabi Investment Authority (ADIA) is the leading Arab sovereign wealth fund with a total assets of US $ 828 billion and second in the world.

Kuwait (KIA) ranked second in the Arab world and fourth with a total foreign assets of $ 524 billion.

Saudi Arabia was the third Arab and fifth in the world with a total foreign assets of US $ 514 billion, which is affiliated with the Saudi Arabian Monetary Agency (SAMA).

The assets of SWFs monitored by the report (78 funds), $ 7.518 trillion, issued by the Norwegian government pension fund, ranked first in the world, with total assets of $ 998.9 billion.

The Qatar Investment Authority (QIA) ranked ninth in the world with a total assets of US $ 320 billion. The Saudi Public Investment Fund ranked 11th in the world with a total assets of US $ 223.9 billion and Dubai Investment Corporation ranked 12th globally with assets of 209.5 million. Billion dollar

http://economy-news.net/content.php?id=9580
....
************

Don961:   Workshop on the importance of sovereign funds for the national economy

 30/10/2017

(Independent) .. organized the Baghdad Economic Forum in partnership with the Secretariat of the Council of Ministers and his second workshop (within the framework of workshops agreed upon between the parties), under the title "sovereign funds and their role in the development of the Iraqi economy."

The workshop was moderated by the vice president of the administrative board of the forum, economist Bassim Jamil Anton, 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 Secretariat said that the organization of the Baghdad Economic Forum in support of the steps of the government and the private sector to unify the visions and procedures to develop the Iraqi economy and diversify sources of state income to face future economic shocks.

For his part, the head of the administrative body of the Baghdad Economic Forum Fares Al-Salman said in his speech that one of the objectives of the workshop is to develop strategic bases to serve economic security, which is part of Iraqi national security in order to ensure the success of the process of sustainable development.

He added that the aim of the workshop is to come up with recommendations on 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 experience of other countries before us in this field, while putting the national touch in line with the requirements of the Iraqi economy.

In the workshop, a number of working papers were presented on the first, and the advisor to the Prime Minister for Finance Dr. Mazhar Mohammed Saleh entitled (Sovereign Sovereign Fund and the guarantees of economic development) meaning the Sovereign Sovereign Fund and how to finance it as a temporary sovereign fund for real investment financed from allocations of infrastructure projects in the federal budget Which are available from the country's own resources and are constantly offset by withdrawals to extinguish the foreign loans provided by the foreign joint venture companies through the foreign government guarantors and guarantors to ensure the continuous implementation and financing To ensure the timely and efficient completion of the project and continuous financing. The DSS will thus act as the guarantor and financier of infrastructure projects.

While presented a paper d. (The options available to build a sovereign fund in Iraq in the current circumstances and the prospect of its future development), the vision of building a sovereign fund or more, and how to manage and governance and funding and obstacles that may face the Fund. She also referred to some successful international experiences and types of assets that may be possessed by the Fund or the proposed funds with the proposal to form a working group to establish a sovereign fund with a plan to develop its capabilities in light of the experiences of other countries. .

Dr. Raed Fahmi, the former Minister of Science and Technology, came up with the title "Sovereign Funds". He reviewed the main types of sovereign funds, their objectives, strategies, their economic role at the national level and the alleviation of the Dutch disease in the countries of financial abundance.

The paper also discussed the forms of legal frameworks for the funds, their structure, management and governance as well as the risks they may face and the conditions of success of the investment of development funds in the country. The paper also addressed the pros and cons of mismanagement or non-establishment purposes.

The paper also dealt with the model of the French Deposit and Guarantee Fund, its functions and financing, and the entities it oversees and monitors its performance. The paper discussed the model of the Texas School Standing Fund, a Texas-based fund that aims to fund the construction of schools in the state.

The paper noted a. Dr.. Falah Hassan Thwaini, head of the Economics Department at the University of Mustansiriya, entitled "The Possibilities of Establishing a Sovereign Wealth Fund in Iraq", referred to the experience of the Development Fund for Iraq, which was established under the Security Council resolution.

And reviewed the sovereign funds in the countries of the world and the value of assets, and then addressed the reasons for the establishment of an Iraqi sovereign fund and the missed opportunity on Iraq not to establish such a fund when there was a financial abundance caused by high crude oil prices, and discussed the requirements of the establishment of the sovereign fund and the proposed organizational structure, With the proposal of a model of the governance of the Fund to ensure the achievement of its objectives and the protection of assets and addressed the classification scenarios of the Fund (stability, investment, development, submersible).

The fifth paper was presented by Dr. The role of the Iraqi Fund for Foreign Development in the development of the Iraqi economy was reviewed by Hussain Jaber Al-Khakani, head of the Iraqi Fund for Foreign Development and the Ministry of Finance. He reviewed the historical role of the Fund, its time and structure as well as its objectives and role in supporting the national economy. And the nature and quality of the assets it owns.

And eat a. Dr.. The main idea of ​​each type of sovereign funds, the international experience in the field of sovereign funds with the obligations to develop a fund for sovereign wealth in Iraq, And presented (5) types of proposed sovereign wealth funds, and recommendations adapted to the Iraqi situation.

The research paper (The Iraqi Economy and the Development Track under the Development Fund for Iraq) M. Dr..Hamdiya Shaker Muslim / University of Baghdad - Faculty of Management and Economics with a. M. Dr.. Khalid Shami / University of Mustansiriya - Faculty of Management and Economics, and dealt with the adoption of the idea of ​​creating an Iraqi sovereign wealth fund suited to the reality of the Iraqi economy. The nature, nature and indicators of the performance of the Iraqi economy, sectoral structure of GDP, the importance of the oil sector in the Iraqi economy, and the paper presented a strategic vision for the development of the development of Iraq's sovereign fund.

During the discussions and interventions, the head of the administrative body of the Baghdad Economic Forum Fares Al-Salman addressed the forum's vision, pointing out that Iraq is characterized by abundant sources of resources and natural, financial and human resources as well as the importance of its geopolitical position in the region, which necessitates the urgent management of its resources And its economy, and this requires the implementation of measures to reorganize the Iraqi economy to promote the pillars of sustainable development to create a dynamic economy, including the establishment of a package of sovereign funds managed by good governance and transparency as well as the development and support of the Iraqi Fund for Foreign Development sold Barh one of the influence of the Iraqi state tools to secure the vital area within Iraq's national security theory.

In conclusion, I concluded the requirements of the movement to establish a package of sovereign funds and their legal frameworks and methods of governance, management and financing and the implementation of its functions and control.

At the conclusion of the workshop was formed a joint committee of experts of the Secretariat General of the Council of Ministers and the Baghdad Economic Forum to write recommendations.     link

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

Samson:  The World Bank :  Iraq is making great efforts to reduce spending without affecting the private sector

 30th October, 2017

The head of the mission of the World Bank in Iraq, Rubiro Bujouda, that the government is making great efforts to reduce spending and increase the financial returns by following several ways to fill the budget deficit without affecting the private sector in Iraq.

"The challenges facing the World Bank in terms of development work in Iraq are no different from the challenges we may face in other countries in the region," Bujouda said in an online interview with Al-Iktissad News. Which is witnessing a military operation to free it from the grip of a terrorist organization. "

"The Iraqi government is responsible for preparing plans to find solutions to the crisis and the role of the World Bank is to provide support and assistance for the implementation of these plans, as the World Bank provides support at the request of the Government of Iraq and in accordance with the priorities it sets."

He added that "in this area, the World Bank has allocated 350 million dollars for the reconstruction of part of the liberated areas in the provinces of Salah al-Din and Diyala, in addition to the allocation of another amount of 355 million dollars to rehabilitate the main road that connects Basra border Kuwait and the port of Umm Qasr" .

He pointed out that "the Iraqi fiscal policy or to move more accurately" the budget "linked to oil prices, as the decline in the price of a barrel of oil directly affects Treasury revenues There are many factors affect the increase in expenditures, including spending on military armament, Which constitutes a large proportion of Iraq's budget, which in turn puts pressure on the fiscal and monetary policy in Iraq. "

He pointed out that "the government is making great efforts to reduce spending and increase the financial returns by following several ways to fill the deficit in the budget without affecting the private sector in Iraq has been represented by the request for loans without affecting the size of cash in Iraq or on private sector investment "He said.

He pointed out that "the biggest challenge we face is the security situation, not only in terms of the presence of World Bank teams on the ground, but in order to attract interested teams to work in those areas, so the project was placed under the emergency tent, which allows the use of government institutions and private sector institutions to reconstruct those areas "He said.

He stressed that "all reports prepared by the World Bank are carried out through cooperation and work as a team with government agencies, and no data is published only after the approval of government agencies to publish."

"In order to promote the private sector, we must not rely entirely on the government sector to provide employment. The government has started to implement its private sector development strategy by reforming legislation on the development of this sector, Funding to be made available to the private sector, including small and medium enterprises, to provide more job opportunities

http://economy-news.net/content.php?id=8856
Don961:  US Treasury Secretary: We can finance the government until January

Congress is solely responsible for raising the legal limit for federal borrowing

 31 October 2017 02:01 PM

Mubasher: The US Treasury Secretary said he was confident that the government could finance its activities until next January, before exhausting the ability of federal borrowing.
"I think we should pay our outstanding debts," Stephen Munchin told Bloomberg news agency on Monday, but stressed that he did not prefer to make debt service payments on other obligations.

Last month, the US Senate approved a package to extend the US debt ceiling, temporary government funding and hurricane aid to the country, with the bill passed to the House of Representatives until Dec. 8.

Congress is solely responsible for raising the legal limit for federal borrowing. Failure to do so may result in the United States being at risk of default.

On the other hand, US President Donald Trump has agreed with Senate Minority Leader Chuck Schumer to look for a way to permanently abolish the federal debt ceiling.     link

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Samson:   Georgia and Turkey inaugurate railway line linking it to the "Silk Road"

 31st October, 2017

The leaders of Azerbaijan, Turkey and Georgia on Monday launched a 826-kilometer railway connecting the three countries, establishing a route for goods and passengers traveling between Europe and Asia beyond Russia.

The line, which includes a new 105 km route, will be able to transport 1 million passengers and 5 million tons of cargo.

The three countries are linked to the Baku-Tbilisi-Ceyhan oil pipeline, led by BP and the Baku-Tbilisi-Erzurum gas pipeline. But trade relations between Turkey and the Caucasus are limited, and the new railway Baku-Tbilisi-Kars promises to give economic impetus to the region.

"Baku-Tbilisi-Kars is part of a large silk line and it is important that we have carried out this project out of our own money," Turkish President Recep Tayyip Erdogan said at a railway inauguration ceremony attended by Azerbaijani President Ilham Aliyev and Georgian Prime Minister Giorgi Kverikashvili.

From Baku, the capital of Azerbaijan, trains will stop in the Georgian capital of Tbilisi, ending the journey in the Turkish town of Kars.

The total cost of the project rose to more than $ 1 billion, compared to an initial estimate of $ 400 million. The bulk of the funding came from the State Oil Fund in Azerbaijan.

The Azerbaijan-Georgia railway line was updated as part of the project, which was launched in 2007 and has been postponed several times since 2011.

"There are a few European countries that have shown interest in this project and Azerbaijan is in talks with it," Aliyev said, adding that Kazakhstan and other Central Asian countries were interested in transporting their goods through the Baku-Tbilisi-Kars railway line.

The new route will reduce the flight time between China and Europe to about 15 days, more than twice as fast as sea transportation and at less than half the cost of air transport.   LINK