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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, November 19, 2017

DINAR GURUS UPDATE, 19 NOV

11-19-2017   Newshound/Intel Guru Mnt Goat    Article:  "ELECTRONIC BANKING DEPOSITS WILL REDUCE COST OF PRINTING CURRENCY"    ...the electronic banking is also allowing the CBI not to recycle the 3 zero notes back into circulation each pay day. They are getting very close to the needed 2/3 of the needed collection of currency out of circulation in Iraq.

11-19-2017   Newshound Guru Kaperoni
   WTO may be several years away because they have little to export, but that has little to do with when the CBI acts on monetary reform.  In fact, it is critical to the success of investment in Iraq.  I am hopeful we will read something soon about early 2018.  (fingers crossed)  [reference Kaperoni post 11-18-2017]

11-19-2017   Newshound Guru Don961   Article quote:  "An Iraqi parliamentarian said on Saturday that the 2018 budget assumes the export of about 3.8 million barrels per day of oil, based on an average price of about $ 43 a barrel, well below the global price of more than $ 50."   This is what Iraq's oil in the budget of 2018.

11-19-2017   Newshound Guru chattels
   There are several countries in the world that use the U.S. dollar as it's " default " currency. Iraq will use the dinar as it best serves them. We may get lucky at some point.

11-19-2017   Newshound/Intel Guru Mnt Goat   Article:  "AMENDMENTS TO THE LAW OF THE CENTRAL BANK OF IRAQ ISSUED ORDER NO. (56) POSTED IN GAZETTE"   ...now that Iraq is moving to another chapter in is monetary policy the old policies of the CBI needed to be updated to fit (coincide with) the new monetary direction.  This is all this amendment is doing and was a necessity. Is is very significant as we can see them lining up once again for the new monetary reforms, which will eventually lead to the reinstatement of the currency.

IQD CHAT UPDATED, 19 NOV

Whitelions: GM all just doing a post by lol ............Kuwaiti Oil Minister: Good news will be announced on the export of Iraqi gas to Kuwait

 KUWAIT CITY - The oil production agreement between oil producing countries has contributed to reducing the stock to 150 million barrels over the past five years, Oil Minister and Electricity Minister Essam al-Marzouq said.

On the current price increases and their continuation during the remainder of this year, the Minister pointed out that raising prices comes as a result of balance of markets and the pursuit of higher prices and correcting their course.

Al-Marzouq said in response to the developments in the agreement and whether there was agreement on another extension at the end of March, the level of the increase in global stock by 150 million barrels comes with another 4 months remaining extension of the current production reduction.

 However, Marzouq said that there is almost agreement between all parties to the agreement to extend the period after the end of the end of March, but the duration of the extension has not been determined so far.
 ...

On the developments of the agreement to export Iraqi gas to Kuwait, Minister Marzouq replied briefly: the news is good and will be announced soon. Iraq and Kuwait have agreed to export gas from the Rumaila field in the province of Basra by 50 million cubic feet per day within the first phase to reach (200) million cubic feet standard per day within the second phase. SOURCE

chattels: Iraqi gov’t considering changes to 2018 budget to do KRG 'justice' By Rudaw http://www.rudaw.net/english/business/19112017

chattels: ERBIL, Kurdistan Region - The Iraqi government is said to be considering changes to the draft of Iraq’s 2018 budget to meet the Kurdistan Region’s share on the basis of population in order to fulfill “justice”. “To fulfill justice, the Kurdistan Region’s share in the budget will be changed to reflect its population compared to the rest of Iraq,” said Saad al-Hadithi, spokesperson of the Iraqi government in a press conference.

Baghdad’s draft 2018 budget law proposes cutting the Region’s share by a quarter – allocating 12.67 percent to the KRG, down from 17 percent. “A last review of the 2018 budget will be done and once talks on the budget draft have been concluded in the Council of Ministries, it will be sent to the parliament in the coming days,” al-Hadithi added.

Whitelions: Kuwait proposal to finance and build a joint water channel with Iraq http://www.aljournal.com/wp-content/uploads/2017/11/NB-131615-635651279208092866.jpg

The interim parliamentary committee to follow up the Khawr Abdullah agreement revealed a proposal submitted by the Kuwaiti side to finance the drilling and construction of the joint water channel in Al Khor, calling on the House of Representatives and the government to reject this proposal.

"There is information that the Kuwaiti committee formed for dialogue with the Iraqi side on Khawr Abdullah has allocated $ 410 million to dig the Khor corridor and another $ 410 million as a second stage to dig and equip the canal," committee member Zahir al-Abadi told a joint news conference with the committee members on Saturday. "Adding that" these amounts will be paid by the Kuwaiti side only. "

 He added that "the mechanism of contracting with the company that will carry out these acts will be one-sided, the Kuwaiti side, without any addition to the Iraqi side," noting that "these actions will be an introduction to the future deal on the basis that the channel will be the Kuwaiti side contrary to all legal procedures followed by The Iraqi government and the House of Representatives. "

He warned the government to approve the proposal, which will be rejected by Parliament, indicating that "the contract should be from the Iraqi and Kuwaiti sides and that the company is chosen from Iraq to be linked to Iraq and not Kuwait, because it is our entitlement and not the entitlement of Kuwait and the funds should be allocated from Iraq and not from Kuwait because we are responsible for it because the completion of the channel by Kuwait will end the construction of the port of Faw. "

For his part, the head of the committee, Mazen Mazni, said that "the digging of the channel should be from Iraq and is able to complete it, and we have precedents during the time of the Iraqi-Iranian war when the channel was destroyed, Iraq has re-du

chattels: Iraqi Prime Minister Haider al-Abadi has described the KRG's demand to receive 17 percent of the 2018 Iraqi budget as “unjust”.

chattels: Mysterious withdrawal of Hashd forces from Zummar, Rabia region By Rudaw http://www.rudaw.net/english/kurdistan/191120171

spanki: going by the % of population seems fair

chattels: US Secretary of State Rex Tillerson said in a telephone conversation with Kurdish Prime Minister Nechirvan Barzani on Saturday night that he was happy to see that tensions between the Peshmerga and Iraqi forces have recently calmed. He valued patience on both parts to protect peace.

chattels: @spanki Yes, but there is no formal census or " objective " data to determine the population according to some sources.

chattels: US Secretary of State Rex Tillerson said in a telephone conversation with Kurdish Prime Minister Nechirvan Barzani on Saturday night that he was happy to see that tensions between the Peshmerga and Iraqi forces have recently calmed. He valued patience on both parts to protect peace. http://www.rudaw.net/english/kurdistan/191120171

chattels: Member of the Parliamentary Finance: The World Bank has insisted on the transfer of staff deductions to the item of goods and services in the general budget for next year

https://www.ninanews.com/News_Details.aspx?ZDFH8uEmUajr1ouBI%252bMYwQ%253d%253d
chattels: I posted a news report on the foregoing from AIN yesterday. There are interesting differences in the two reports.

chattels: Parliamentary Finance: The World Bank is pressing the government to reduce the salaries of employees in the budget of 2018

http://www.alliraqnews.com/modules/news/article.php?storyid=68414

chattels: Note the difference in language between " insisting " and " pressing " by the World Bank.

Spectra: Slow as it is we still appreciate all the news hounds here !
Spectra: Indeed the Two agencies are pressuring them

chattels: [Ayna-Baghdad] The Electoral Commission has approved the granting of leave to establish seven new parties, bringing the number of parties and political entities that intend to participate in the next parliamentary elections scheduled in May 2018 to date to 127 parties.

http://www.alliraqnews.com/modules/news/article.php?storyid=68437

chattels: In Parliament today : House ends reading health insurance bill

http://www.alliraqnews.com/modules/news/article.php?storyid=68445


chattels: It was then decided to adjourn the meeting until Monday.

JoeSchmoe: par for the course

chattels: Parliament adjourns tomorrow

http://www.alliraqnews.com/modules/news/article.php?storyid=68442

JoeSchmoe: They obviously do not need to raise the value of the dinar

Whitelions: Masoum is heading to Kuwait tomorrow

http://alforatnews.com/uploads/news/image/medium/story_img_5a1186188141d.jpg

President Fuad Masoum will head to Kuwait on Monday at an official invitation. According to informed sources told the {Euphrates News} today that "President Masoum will go on Monday at the head of a high-level delegation to Kuwait on an official visit at the invitation of the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah." SOURCE

Spectra: Wishing and praying for Iraq has been all that I find I can offer !
Spectra: @JoeSchmoe Need verses Ego ? And which will win ?

JoeSchmoe: ego?

Spectra: @JoeSchmoe Pride and common sense !

Spectra: @JoeSchmoe well I think Ego usually wins

JoeSchmoe: my common sense says that they have been talking about raising the value for multiple years now, and have not done such. So common sense says they do not need to

Spectra: @JoeSchmoe or Pride and self worth in the World community does matter especially in matters of business

Spectra: @JoeSchmoe well I can say one thing they have existed without that but they are not doing well that way either.

Spectra: @JoeSchmoe The depletion of the reserves is obvious to all

Spectra: @JoeSchmoe do you agree?

Spectra: @JoeSchmoe so yes it has hurt them enormously !!!!

Spectra: @JoeSchmoe Not to mention they look like a parasite country without a decent value on the exchange rate!

Spectra: @JoeSchmoe Like Vietnam !
chattels: There are several countries in the world that use the U.S. dollar as it's " default " currency. Iraq will use the dinar as it best serves them. We may get lucky at some point.

Whitelions: The Iraqi Insurance Association of «Economy News»: billion dollars lose Iraq annually because of the lack of insurance on imported goods http://economy-news.net/vrsfls/cntnt/pctr/3692.png

The head of the Iraqi Insurance Association, Abdul Hassan Zeadi, said Sunday that Iraq is losing one billion dollars annually because of the lack of insurance businessmen who import goods from countries inside Iraq. "Iraq currently has 33 insurance companies across the country, including 3 government companies," Ziadi said in an exclusive interview with Al-Iktissad News.

 "Iraq imports goods valued at more than $ 40 billion a year and businessmen are securing these goods in countries Which is imported, not in Iraq. " He pointed out that "the loss of Iraq from this measure is estimated at more than one billion dollars a year," noting that "the Iraqi insurance companies have shown their willingness to businessmen to secure all their goods from the country imported to the store in Iraq and pay all the damage inflicted on them." SOURCE

Spectra: @Whitelions Good point they are a import country not a exsport country ! THerefore their keeping the value of the dinar low !!makes it hard for them to continue to even keep afloat!

Zig: "Whitelions" is Kimberly from "The IQD Team"...she posts articles daily about Iraq and related matters at http://www.theiqdteam.com/ which takes you directly to the news page(s)... :)

Spectra: @Whitelions commmon sense dictates !

chattels: The dollar exchange rate today in Iraq

http://www.alliraqnews.com/modules/news/article.php?storyid=68433

chattels: [Ayn-Baghdad] Foreign currency markets in Iraq, on Sunday morning, recorded a slight decline in the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1254.5 dinars per dollar, or 125 thousand and 450 dinars per hundred dollars.

The prices of selling and buying dollars in banking companies were: the sale price of one dollar 1260 dinars, or 126 thousand dinars, for one hundred dollars. The purchase price of the dollar is 1250 dinars, or 125 thousand dinars, for one hundred dollars.

Whitelions: Iraq: We will give the Kuwaiti investor priority in the implementation of projects http://economy-news.net/vrsfls/cntnt/pctr/3698.jpg

The President of the Republic, Fuad Masum, that Iraq will give the Kuwaiti investor priority in the implementation of projects. In a press interview with Kuwait News Agency (KUNA), Masoum said, "We appreciate the interest of the State of Kuwait in the reconstruction of the liberated areas of Iraq."

He thanked Kuwait for hosting the donor conference for the reconstruction of these areas. Contract early next year. " "We attach great importance to this conference and thank the State of Kuwait for sponsoring it," he said, stressing that the conference "is very important to help Iraq."

 He pointed out that "we can not predict today the size of what will happen to Iraq, but we are optimistic about the surrounding environment that paves the way for the conference and because it will be in the State of Kuwait." He called on Kuwaiti companies to play a greater role in many of the investment fields available in Iraq, including large projects in the reconstruction of damaged infrastructure in the country.

He stressed that his country will grant the Kuwaiti investor priority, advising that it be dealing directly with the relevant ministries and the concerned parties, especially after Iraq has completed its daily field war with the organization of calling the terrorist and improving the security situation in the country. SOURCE
chattels: ISIS not dead yet but 'caliphate' dream in tatters By AFP

http://www.rudaw.net/english/analysis/18112017

chattels: In 2014, self-proclaimed ISIS "caliph" Abu Bakr al-Baghdadi ruled over seven million people in a territory as large as Italy encompassing large parts of Syria and nearly a third of Iraq.

Spectra: @chattels the whole darn group of demon thugs needs to go back under the dirt to which they crawled out of

chattels: But less than four years after its sweeping offensive stunned the world, ISIS has lost almost all of the territory it controlled along with the precious income from oilfields that funded its activities.

chattels: "In the course of recent battles, especially Mosul, a huge number of jihadis have died," said Kirk Sowell, publisher of Inside Iraqi Politics. "Subsequent to that defeat, many others have surrendered or simply fled the country or are trying to melt into the population." According to the US-led coalition fighting ISIS, the jihadists have lost 95 percent of the cross-border caliphate they declared in 2014.

chattels: And the routed group has been confined in Iraq to "four percent of the territory: wadis, oases and desert areas" without any population, along the porous border with Syria where it has also been cornered into an ever-tightening noose.

Spectra: @chattels The mere fact they have not captured this Bagdaddy creep proves a lot ! certainly they know where this monster is??

Spectra: @chattels too much is very fishy to me in the whole picture

chattels: Violence at Iraq now at lowest levels seen since 2003 Iraqi forces need to secure the rural desert and mountain regions to keep IS down

http://musingsoniraq.blogspot.com/2017/11/rawa-last-iraqi-territory-

Spectra: @chattels well that's good news

chattels: Joel Wing‏ @JoelWing2 8h8 hours ago Amazing comeback for Iraqi forces after they collapsed in summer of 2014

http://musingsoniraq.blogspot.com/2017/11/rawa-last-iraqi-territory-liberated.html …

Whitelions: Karbala Hotels General Assembly Approves 50% http://economy-news.net/vrsfls/cntnt/pctr/3700.jpg Karbala Hotels Company has approved a capital increase of 50% to complete the implementation of the company's requirements. The company said in a statement to the Iraqi stock exchange, that the increase will be 2.5 billion dinars.

 The company's current capital is 5 billion dinars, distributed over 5 billion shares, with a nominal value of one dinar per share. The company's general assembly, which was held on November 14, agreed to write off the losses in 2016, amounting to KD 32.88 million, of the cumulative profits of the company.

The company turned to profitability in the third quarter of the current year 2017, achieving profits of 9.32 million dinars, compared to losses of 2.01 million dinars in the third quarter of last year. SOURCE

chattels: Most IS fighters escaped WAnbar fleeing to Syria desert region of Anbar or Ninewa rather than fighting http://musingsoniraq.blogspot.com/2017/11/rawa-last-iraqi-territory-liberated.html …

chattels: Ali Hadi Al-Musawi‏ @ahmusawi 19h19 hours ago Iraqi civilian deaths across the country have fallen to their lowest levels since the 2003 invasion, according to UN figures.

chattels: And that's the way it is, according to the news that I read, Sunday, November 19, 2017. Going golfing. Laterz all.
​Spectra: KTFA NEWS POST-------samson said (Post #66) http://economy-news.net/conten.....hp?id=9802 The "Risk Management" session begins at the headquarters of the Association of Private Banks 19th November, 2017 A course on "risk management" was opened Sunday at the headquarters of the Association of Iraqi Private Banks, with the participation of 55 trainees working in banks and financial transfer companies.

The director of management and training in the Association of Iraqi private banks, Ahmed al-Hashemi, "Economy News", that "an update of the training program for the training course for risk management in banks set up Sunday, the Association of Iraqi private banks the second meal under the supervision of the Central Bank," noting that " The first session of this program has achieved great success, which has become a need to continue. "

He pointed out that "the current session was attended by 55 trainees working in banks and financial transfer companies," adding that "the aim of the course is to raise the capacity and efficiency of staff in the risk management department and implement the requirements of the Central Bank in practical cases, which was based on global standards for the advancement of the banking sector.

txbrand: http://en.economiciraq.com/2017/11/19/the-national-committee-for-the-accession-of-iraq-to-the-wto-discusses-ways-to-support-iraq-to-complete-the-files-of-accession/

The Ministry of Commerce announced that the delegation of the National Committee of Iraq’s accession to the World Trade Organization WTO discussed ways to support Iraq to complete the files of joining the World Trade Organization with representatives of Arab countries at the headquarters of the Arab League in Geneva
IQD CHAT

TNT & KTFA UPDATE, 19 NOV

TNT:

Dr.MJRandy:  Was told a basket of nine (9) different foreign currencies are to re-value tomorrow Monday.   Our major currencies are in the bvasket; Dong, Dinar, Rial/Toma etc
VinterV:  9 is a lot!!!

Dr.MJRandy: True but it is to happen….Iraqi Dinar starts at 1 to 1. Then due to currency traders will explode past the $3.71. Last time with Kuwait their Dinar went from $2.23 to $9.21 then back down to $3.23 where it has remained.

Vinterv:  Coming out 1:1 would stop the stampede..

***
KTFA:

Get1Later:  I would think the number one objective would be to change the rate of their currency???

The National Committee for the accession of Iraq to the WTO discusses ways to support Iraq to complete the files of accession

November 19, 2017

The Ministry of Commerce announced that the delegation of the National Committee of Iraq’s accession to the World Trade Organization WTO discussed ways to support Iraq to complete the files of joining the World Trade Organization with representatives of Arab countries at the headquarters of the Arab League in Geneva

This was confirmed by Director General of the Department of External Relations Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq’s accession to the World Trade Organization, adding that these discussions were to provide a clear explanation of the process of Iraq’s accession and the achievements in this area of ​​legislation and specific legal obligations and detailed reforms In the institutions, practices and economic policies required by Iraq’s accession to the World Trade Organization and to be part of the international economic system.

For their part, the representatives of the Arab countries expressed their full support for Iraq in this field. The Saudi ambassador explained that he will do all in his power to mobilize international support for Iraq. The Egyptian and Omani ambassadors have indicated that they are ready to provide all the assistance requested by Iraq, And Oman will be at the disposal of Iraq in all it needs to complete the process of accession to the World Trade Organization.

http://en.economiciraq.com/2017/11/19/the-national-committee-for-the-accession-of-iraq-to-the-wto-discusses-ways-to-support-iraq-to-complete-the-files-of-accession/

Doodlebug:  As a side note, JAY posted that Kuwait became a member of the WTO in 1995, four years after they RV'd

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

JesusLovesBaseball:  Cisco International Academy Awarded the International Institute of Communication and Post International Certificate of Appreciation

The Computer Networks Academy (Cisco) has been awarded an internationally recognized certificate of appreciation to the Institute of Communications and Postgraduate Studies, which came after a long march of the Institute of Scientific Giving and commitment to the implementation of Cisco programs in the establishment of continuous courses and the assessment of its performance and activity and hard work as a distinguished academic academy in Iraq.

The administrative and financial agent, Dr. Karim Mazal Shabee expressed thanks and appreciation of the advanced cadre in the ministry for the efforts of the staff of the Institute with all that would develop and improve the reality within international standards.

Adding that during the presentation of the certificate of appreciation to the Dean of the Higher Institute of Communications and Post that the award of the Academy of the Institute of Cisco comes under the efforts of what is referred to as the son to promote the level of scientific in the fields of communications, mail and the Internet.

The Director of the Institute of Communications, Eng. Ahmed Mohamed Saleh, said that the efforts of the Institute's management are represented in the march of scientific activity and commitment to the implementation of the programs of Cisco Academy comes as a result of the continuous support by the Minister of Communications Hassan Kazem Al-Rashed and the agents and general managers of the ministry and its subsidiaries,

Ten years after the creation of Cisco's global network of computers, Cisco was awarded an internationally recognized certification in computer networks from Cisco as an active and dynamic academy. In the implementation of Cisco programs and the establishment of continuous courses in this area.   LINK
Currency365 --Faud Masum "The Referendum of Kurdistan is OVER"--
https://youtu.be/J4Ig37kPwt0

Jared Rand on RV/GCR Healing Tech Encouraging Interesting Call

"Just a Reminder" by Martha - 18 NOV

Just a reminder that November 22nd is the anniversary of the assassination of JFK. Might be a great day to announce the gold standard and say goodbye to everyone else. The number 22 is the Chinese master number which I'm not getting into again 1963 making it 54 years ago.

KAPERONI TIDBIT, 19 NOV

Article:  "The National Committee for Iraq's accession to the WTO organization conducts consultative meetings in Geneva on accession"  The good news is it pushes currency reform forward. [...does the WTO allow members who have dual currency practice...?]    I think your referring to multiple currency practice which is not what you think it is (that refers to the spread of more than 2%.... Iraq is working on reducing the MCP, and  Iraq will always have both dinar and dollars.  Two different things.  They would have to move to Article VIII and reduce the difference between the dinar and dollar for accession into the WTO...but they are years away from that since they have nothing to export.

IQD CHAT, 19 NOV

Chat Room News Excerpts & Highlights Saturday 11-18-17 

subby: @Doug_W URGENT SECURITY: Iraqi forces liberate Rawa district [Asharq Al-Awsat] Iraqi forces have been able to liberate the district of Rawa, the last stronghold of the Al-Qaeda organization in the country.

The commander of the operations of the clearance of the Upper Euphrates and Al Jazeera special forces team corner Abdul Amir Rashid Yaarallah, in a statement, "pieces of the leadership of the operations of the island and the tribal crowd liberate the entire district of Rawa and raise the Iraqi flag over the buildings."

 The dawn of the day began the process of restoring the judiciary from a daunting, with the participation of the pieces of the leadership of the operations of the island and the tribal crowd. http://www.shafaaq.com/ar/Ar_NewsRea...2-b46f29895f2a
 ...
subby: @Doug_W little bit of news from yesterday....

subby: @Doug_W Al-Allaibi: Iraq has promising investment opportunities in the field of oil and gas November 17, 2017 Baghdad - Journal News "Iraq has promising opportunities to invest in the oil and gas sector and the government and the ministry are keen to provide the appropriate environment for the work of Arab and international companies, in order to achieve common goals," Oil Minister Jabbar Ali al-Allaibi said on Friday.

 Al-Luaibi said in a speech during his participation in the work and discussions of the ADIPEC conference in Abu Dhabi today that "the Ministry of Oil invited international companies to invest in the sectors of liquidation, extraction, drilling and infrastructure projects and to strengthen partnership and cooperation with national companies to achieve common goals and contribute to revitalizing the development process. And the national economy. "

 The oil minister met with a number of ministers and directors of international companies on the sidelines of his participation in the work of the conference, which is held "with the support of the Ministry of Energy in the United Arab Emirates," and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector. Link

subby: @Doug_W Cooperation with the Iraqi government achieves economic stability The World Banking Conference for Development and Investment recommended by Baghdad / Sabah The World Banking Conference for Development and Investment in the Cypriot capital of Nicosia discussed means of cooperation and coordination between central banks to control the movement of funds and make them on the real investment path that contributes to the sustainable development of all economies.

Conference recently concluded in the Cypriot capital , Nicosia, and participated in its activities of the Central Bank of Iraq and organized by the Iraqi - British Chamber of Commerce in cooperation with the Central Bank of Cyprus, saw the participation of local and international quality in order to activate international cooperation with Iraq , which has become the focus of effort the world advanced after turning the page of terrorism "Daash" and the direction of the economic field. economic stability Secretary General of the Iraqi-British Chamber of Commerce and Industry Sami Kashkoul told Al-Sabah:

 "The conference recommended cooperation with the Iraqi government to achieve economic and financial stability, coordination with the international community aimed at reachin g the country to a solid level of dealing with international banks and establishing the rules of combating money laundering and financing of terrorism. On the movement of money and suspicious cases after defeating "calling" the terrorist to grant loans from foreign banks.

Real Estate Investment Kashkool added that the conference "recommended in coordination with the Chamber of Commerce and the Iraqi Cypriot British Chamber of Commerce for the purpose of exchanging experiences and open up channels promote investment opportunities especially in the field of real estate investment adoption of a strategy for cooperation in order to enhance sustainable development." The conference worked to gather a large number of banking and in

subby: @Doug_W The conference worked to gather a large number of banking and investment expertise and its role in opening the horizons of cooperation between the Iraqi and Cypriot governments in an atmosphere of serenity and cordiality that prevailed in its activities.

 This led many of them to propose that the conference be held periodically. International Bank of Iraq Governor of the Central Bank of Iraq d. On the links between "the presence on the international scene is important and open new horizons of cooperation that would benefit the country."

"Iraq has made great progress in the development of its financial sector, and it has been able to prepare human resources with international capabilities after engaging them in specialized courses under the supervision of the best international experts," he said.

A rich country In turn, said the governor of the Central Bank of Cyprus Christala Yorgadji: "Iraq rid of terrorism," Al-Da'shi "and began to focus on global companies, especially as everyone knows that Iraq is a rich country and cooperation with him gains and needs large capital," asserting her happiness "to establish this The conference in our country (Cyprus) where we have the opportunity to see the reality of work in Iraq and the movement of the financial sector and opportunities available. "

 Director General of Payments at the Central Bank, Souha Abdel Kareem, described the conference as "an important step in opening up to the outside world, where it achieves friction with the international effort specialized benefit in all cases." International organizations Spokesman for the Central Bank of Iraq d.

"The importance of this conference comes within the framework of the Central Bank's efforts to restore banking relations with international institutions and banks, especially after its successes in the field of combating money laundering and terrorist financing, the confidence of international organizations in the Iraqi banking system and the desire to ben
subby: @Doug_W the Iraqi banking system and the desire to benefit from the investment opportunities available in the country. Iraq declares the final victory over the remnants of "calling" the terrorist and seeks a new stage of stability and economic growth.

Financial Policy In turn, the Director General of the Real Estate Bank d. Khudair Abbas al-Zuhairi, that "the conference is on the role of fiscal policy in achieving economic stability, and represents a point of openness to the outside world, because we are part of it, and a point of openness to Europe," noting that "

http://www.alsabaah.iq/ArticleShow.aspx?ID=147644

subby: @Doug_W that was a long one LOL

subby: @Doug_W https://www.alghadpress.com/news/%D8%A7 ... 8%B9%D8%B1 Al-Jubouri to members of the pro-Iraq US Congress: We seek real partnership Baghdad / Al-Ghad Press:

The speaker of the House of Representatives Salim al-Jubouri on Wednesday, during a meeting with the members of the US Congress of the pro-Iraq, to seek a real partnership and effective with friendly countries based on economic cooperation and investment.

 Al-Jabbouri's office said in a statement received by al-Ghad Press that the latter met with the members of the US Congress in support of Iraq and reviewed at the outset the role of Iraq in the face of terrorism and the protection of international peace and security and the necessity of continuing international support to overcome challenges and achieve lasting stability.

"The Iraqis have made great sacrifices to curb the spread of terrorist groups in the region and the world," he said, noting that "the war has left thousands of victims and displaced persons and destroyed a large proportion of the infrastructure of cities," calling on the international community "to contribute actively to the restoration of life Of these areas and bring them back to live in peace. "

 He also stressed that "Iraq seeks to achieve a real partnership and effective with friendly countries, primarily the United States of America based on economic and investment cooperation."

chattels: David M. Witty‏ @DavidMWitty1 Following Following @DavidMWitty1 Iraqi PMU (Hashd): our leadership will participate in upcoming elections but not under the PMU name but in the names of the political parties we belong to. We are not in an election war with the PM. http://mobp.as/UNV8j

chattels: Denial is the first act of deceit.

chattels: Abadi preaches from election office campaign against corruption

http://www.alliraqnews.com/modules/news/article.php?storyid=68421

chattels: Abadi preaches from election office campaign against corruption [Baghdad: where] Prime Minister Haider al-Abadi, said that the elections will be held on a constitutional date, contrary to what a number of politicians speak, noting that "the Council of Ministers has set a date for its conduct."

 A statement issued by his office, received by the agency {Euphrates News} copy of it today, "The Prime Minister Haider Abadi, confirmed during his receipt on Saturday, the voter card from a voter center in Baghdad that the elections will be held on a constitutional date, contrary to what a number of politicians speak.

 He added that "Abadi listened to an explanation of the nature of registration and turnout by citizens and urged them to participate in the elections," stressing that "received today voter card," calling on citizens to "review the centers to receive their electoral cards and participate in the elections," noting that " "He said.

Abadi said that "after the completion of the campaign there is a campaign to fight corruption, which requires the concerted efforts of everyone to eliminate it as we have spent on the gangs of the terrorist."

chattels: Abadi said that "after the completion of the campaign there is a campaign to fight corruption, which requires the concerted efforts of everyone to eliminate it as we have spent on the gangs of the terrorist."

chattels: "after the completion of the campaign ....... '  
​chattels: ' [Arbil: where] announced the Ministry of Agriculture and Water Resources in the Kurdistan Region, on Saturday, agreed with the theory in the federal government to pay the salaries of the staff of all the dams located in the province directly.


http://www.alliraqnews.com/modules/news/article.php?storyid=68423

chattels: Block Citizen: Attempts to target the popular crowd feel the pulse of the Iraqi position

https://www.ninanews.com/News_Details.aspx?X1zkrNqhHF6niy7OSi7uKA%253d%253d

chattels: Baghdad / Iraqi National News Agency / nina / The parliamentary bloc called the citizen, the government and the House of Representatives and all political forces to reject the repeated targeting of the popular crowd. The head of the bloc, MP Hamid al-Khudari, criticized the recent US congressional decision, which is considered a terrorist group, Which is totally unacceptable. "

chattels: Congress plans to pass the US bill to consider factions of popular mobilization, including the terrorist movement, a terrorist organization
IQD CHAT

TNT UPDATE, 19 NOV

TNT:

Fuze:  This is not the time for frustration for me, its Jubilation time....Iraq has has unified its power from isis and the kurdish issue within the last 30 days, now this morning the VP of Zimbabwe, who put the IMF, World Bank deal together will be im power tomorrow morning...are you serious? This is huge!!! Folk step back and see, this is it!!!!

Ecubucs:  FUZE Completely agree! Tremendous indications of the being a Focal Point has Begun! A "clampdown" on information has Also begun! Just continue to watch the news... This is becoming "Mainstream" if you pay attention... Watch for arrest as well. Key announcements will begin Next Week!

Fuze:  its obvious Abadi was ready to handle the kurd move! and its obvious the VP of Zimbabwe was prepared to handle Mugabes move with the full backing of all of the PTB!! The VP had already struck deals to bring the mineral and agriculture folks back in who Mugabe ran out!!! Whoo hoo

Kingdomwarrior76:  Appreciate your excitement over actual facts FUZE. Thanks for sharing!
....
Fuze:  Kingdom, thats why iam excited im looking at the FACTs on the field, i see the cbi get unprecented legal power last week. I see the VP of Zimbabe who has worked hard to put in place these deals with the IMF, WB China paid off their debt, and a complete financial strategy to open up Zimbabwe to the world again...2 weeks ago he fired , now tomorrow hes in power!!! Are you serious? Hes the guys that put together the Zim redemption deal...

Fuze:  We’ve had more serious movement towards the culmination of this whole currency adjustment in the last 6 months than in the last 12 years put together...

Ecubucs:  A "Level" Playing field is coming!!! I'm watching for the term "Asset Backed" currency being announced in the USA in the coming days/week!

Dinara:  ecubucs...Do you mean This Coming Week or the Next?  Just wondered Next week means starting tomorrow or not

Ecubucs:  Dinara, i'm of the thought process that we WILL SEE Great movement in the coming days! I do Not believe we will see an RV this week but we could certainly see the beginnings of an RI occur... Just my thoughts but I have NO concrete evidence at this time... And if I did, couldn't speak of...

Yada:  Agreed ecubucs,,,RI in the making,,,,,and later the RV,,,still we can exchange,,

Ecubucs:  Yes yada! I'm in full agreement! If and Only if you want to exchange some! I'll use "Leverage" Power once we have an increase in our holdings and wait for the RV!

RvAlready:  I keep hearing rates of about 1:1 being kicked around for release.

Yada:  Well,,at one to one,,,,that would be a RI whereas the RV would be the increase in value as the markets exchange it/

Yada:  I’m of this thought,,,,,we are hearing others, outside of TNT because others bring it into TNT, that the exchange will be close to 1 to 1 in Iraq,,,,,,but,,,,,,,,take that same dinar and exchange it in the US and we are looking at $3.70 range,,,,,,,,

Ecubucs:  Mmmm.... That's a possibility! I'm of the believe that would be a part of the "RV" at that conversion.  yada, Yes! We're saying the same thing just in a different way..

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Harambe:  BBC Video: Zimbabwe's ruling party sacks Robert Mugabe as leader ... celebrations in the streets. (11/19/17)

Follow link to view celebration video:

http://www.bbc.co.uk/news/world-africa-42043370

Zimbabwe's ruling party has sacked Robert Mugabe as its leader, as pressure intensifies for him to step down as president.

Zanu-PF appointed ex-Vice-President Emmerson Mnangagwa, who was fired by Mr Mugabe two weeks ago, in his place.

The party has given Mr Mugabe, 93, until 1000 GMT on Monday to resign as president, or face impeachment.

The military intervened last week, reportedly to block him from installing his wife as his successor.

The first lady, Grace Mugabe, has been expelled from the party altogether.

Mr Mugabe is set to meet military leaders on Sunday and a motorcade has been seen leaving his private residence.

Tens of thousands of Zimbabweans attended street protests on Saturday, demonstrating against the Mugabes

BBC correspondent Andrew Harding, who has been at the Zanu-PF meeting, said cheering erupted as the decision was announced.

One senior official later told him: "It's the dawn of a new era. Mugabe can go farming."
The move has yet to be formalised, but it increases further the pressure on Mr Mugabe that has been building over the past few days.

The recent events:

Two weeks ago Mr Mugabe sacked his then-deputy Mr Mnangagwa, who then fled the country

The army's chief of staff, Gen Constantino Chiwenga, warned last Monday that the military might intervene to stop purges in the party - and was roundly criticised by allies of the Mugabes

On Wednesday, soldiers seized the headquarters of the national broadcaster

Mr Mugabe has been mostly under house arrest for several days

On Saturday, unprecedented mass protests further weakened Mr Mugabe's position
The head of the influential War Veterans Association, Chris Mutsvangwa, threatened to "bring back the crowds and they will do their business" if Mr Mugabe did not step down.
Mr Mugabe has been president of Zimbabwe for 37 years.
Shybaby:  France ran out of money last Tuesday — and within days, so will the rest of Europe

France Ran out of Money, So will the Rest of Europe

11/16/2017 10:02:00 AM 

Analysis: European countries are being forced to borrow well before the year ends — and sooner or later, that debt will catch up with them

At first glance, not a lot was going on last Tuesday. Priti Patel was desperately trying to hang onto her job, unsuccessfully as it turned out. Donald Trump was mouthing off on a trip to South Korea. Manchester City were rumoured to bidding for an incredibly expensive footballer, and somebody somewhere was inevitably moaning on about Brexit. It was all fairly run-of-the-mill stuff.

But for number-crunchers, something interesting happened. It was the day when France ran out of money.

As of Nov. 7, all the money the government raises through its taxes – and this being France, there are literally dozens of them – had been spent. The rest of the year is financed completely on tick.

Next week, Poland will be out of cash, followed by Italy, which will be officially skint on Nov 26

And yet France is far from alone. All the main European countries, the UK included, are running out of tax revenue well before the year is over.

That is worrying for three reasons. It is reminder that spending is still way too high. It tells us that governments have failed to curb deficits. And it is a warning that next time there is a recession governments won’t have any room to respond with a fiscal boost.

There are lots of dry ways of pointing out that governments are spending a lot more money than they raise in tax revenue. Economists and statisticians wheel out debt to GDP ratios and chancellors and finance ministers set targets for deficit reduction.

Those, however, usually come in hard-to-follow percentages, or else the billions and billions involved pile up so quickly that most of us simply glaze over. But in France, the Institut Molinari has come up with a very neat way of illustrating the issue in simple terms. It works out the moment in the calendar after which everything the government does has to be financed through borrowing. If you wanted to, you could call it the day the money runs out.

So how’s that going? France, perhaps not very surprisingly, turns out to be the country that is out of cash first. A government which last managed to balance the books in 1980 used up all its money with 55 days of the year still left.

That was a day earlier than the year before, and four days earlier than back in 2014. France is not only living beyond its means, but it is now doing so at an accelerating pace. And that was despite the fact that taxes and social security charges have gone up. Once those charges are combined, the state is raking in 53 per cent of GDP in revenues – its problem is that it then spends an even more massive 56 per cent of GDP over the same period.

But it was far from alone. Spain ran out of money on Saturday.

Over in Romania, the bank account was empty as of yesterday. Next week, Poland will be out of cash, followed by Italy, which will be officially skint on Nov 26. In the UK, our politicians will have officially spent all the income tax, corporation tax, VAT, fuel duty they take from us by Dec 7.

Across Europe as a whole, central governments will be out of money on Dec 6.

Only four EU countries manage to make it through Christmas and into the new year still in the black. They are Cyprus, Malta, Germany, and a surprisingly thrifty Sweden, which gets all the way to Jan 20. They are the exception, however. The norm is now for spending to be way ahead of the money collected in taxes.

That is not always a problem, of course. Very few people would argue that we should go back to the days before Keynes where any kind of deficit in even the most dire of circumstances was regarded a sign that the world was about to end. In a recession, it makes sense for governments to borrow a bit more, and get businesses moving again and people back into work. Nor is there necessarily anything wrong with government borrowing to invest, although a lot of what it “invests” in may not necessarily have the returns that are promised.

But there is a difference between that and huge and persistent deficits. The European economy, helped along by a couple of trillion euros of printed money, is doing OK this year. The EU as a whole is forecast to expand by 2.3 per cent, the fastest pace in a decade. The deficits are not an emergency response to a sudden downturn. They are built into the system. That is worrying – for three reasons.

First, across Europe, governments are living way beyond their means. Those deficits are not coping with a sudden emergency, and they are not paying for investment that will help them grow faster in the future. The most persistent deficits are in social security schemes (and many would be even worse if pension liabilities were properly accounted for). Is that sustainable indefinitely? It takes heroic faith in finance ministries and central banks to believe it is.

Next, even though economies have mostly recovered from the crash, the deficits are still piling up, with no plan for paying them back. If you look at debt-to-GDP ratios, they are spiralling out of control as well. For the EU as a whole, the ratio stands at 89 per cent. Greece is on an alarming 176 per cent of GDP, while Italy is on 137 per cent and France and Spain are just a fraction under 100 per cent. When are they going to start to be reduced? Right now, the answer is simple. Never.

Finally, governments have run out of room for any kind of fiscal boost when there is another recession. The economy will inevitably turn down at some point, and there could be a major crash. When it happens, you’d hope the government could respond with increased spending. But it can’t do that if it is already locked into permanent deficits.

From now until the end of this year, most of Europe will be living on tick. Sure, that is sustainable right now. The markets are benign, and the European Central Bank is still buying government bonds by the cartload. But sooner or later, that debt will catch up with them – and that means Nov. 7 was a far more significant milestone than it may have appeared on the day.

Source: Financial Post

KTFA UPDATE, 19 NOV

KTFA:

Samson:  The National Committee for the accession of Iraq to the WTO discusses ways to support Iraq to complete the files of accession
19th November, 2017

The Ministry of Commerce announced that the delegation of the National Committee of Iraq's accession to the World Trade Organization WTO discussed ways to support Iraq to complete the files of joining the World Trade Organization with representatives of Arab countries at the headquarters of the Arab League in Geneva

This was confirmed by Director General of the Department of External Relations Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on the accession of Iraq to the World Trade Organization, adding that these discussions were to provide a clear explanation of the process of Iraq's accession and the achievements in this area of ​​legislation and specific legal obligations and detailed reforms In the institutions, practices and economic policies required by Iraq's accession to the World Trade Organization and to be part of the international economic system.
For their part, the representatives of the Arab countries expressed their full support for Iraq in this field. The Saudi ambassador explained that he will do all in his power to mobilize international support for Iraq.
The Egyptian and Omani ambassadors have indicated that they are ready to provide all the assistance requested by Iraq, And Oman will be at the disposal of Iraq in all it needs to complete the process of accession to the World Trade Organization.   LINK
….
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Samson:  US House of Representatives approves President Trump's tax reform project

 19th November, 2017

The US House of Representatives passed the tax cuts proposed by President Donald Trump to move to the Senate where his fate remains unknown to the majority of a fragile republic.

The Republican-controlled House voted 227 to 205, while the Republican opposition voted unanimously with 13 Republican deputies against the text, which would cut taxes on businesses and most households as of 2018.   LINK

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Samson:  The UAE is reducing its holdings of US Treasuries by about $ 1.6 billion

 19th November, 2017

The UAE reduced its US Treasury holdings to $ 54.3 billion in September from $ 55.9 billion in August, according to a statement by the US Treasury Department.

The UAE continues to maintain its rating as the second largest holder of US bonds in the Middle East and North Africa region after Saudi Arabia, the ministry said.  LINK

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Samson:  DIRECTLY .. THE BAGHDAD GOVERNMENT PAYS THE SALARIES OF THIS CATEGORY OF EMPLOYEES OF KURDISTAN

 19th November, 2017

The Ministry of Agriculture and Water Resources in the Kurdistan region, on Saturday, agreed with the theory in the federal government that the latter pay the salaries of employees of all dams located in the province directly

The minister of agriculture and water resources in the Kurdistan Regional Government Abdul Sattar Majid said in a press statement that his ministry approved the request of the Ministry of Agriculture and Water Resources in the Iraqi government to secure the salaries of all employees working in the dams of the whole province by Baghdad

Majid added that the number of employees working in the directorates of the dams of the region is 400 employees, engineers and technical, pointing out that according to the agreement, Baghdad will secure their salaries directly.   Majeed Saheeh said that Baghdad had asked for this for a long time but that there were many reasons that prevented the agreement, including that there was a political climate that made the ministry .afraid of the interpretation of this subject as a political issue

Majid pointed out that Baghdad has already demanded to transfer the staff of these dams to them and then secure their salaries, but it was later agreed between the two sides not to move the staff, but to send monthly lists to Baghdad to send the salaries of employees to them.   LINK

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Samson:  The "Risk Management" session begins at the headquarters of the Association of Private Banks

 19th November, 2017

A course on "risk management" was opened Sunday at the headquarters of the Association of Iraqi Private Banks, with the participation of 55 trainees working in banks and financial transfer companies.

The director of management and training in the Association of Iraqi private banks, Ahmed al-Hashemi, "Economy News", that "an update of the training program for the training course for risk management in banks set up Sunday, the Association of Iraqi private banks the second meal under the supervision of the Central Bank," noting that " The first session of this program has achieved great success, which has become a need to continue. "

He pointed out that "the current session was attended by 55 trainees working in banks and financial transfer companies," adding that "the aim of the course is to raise the capacity and efficiency of staff in the risk management department and implement the requirements of the Central Bank in practical cases, which was based on global standards for the advancement of the banking sector

http://economy-news.net/content.php?id=9802
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Samson:  Issuing warrants of arrest against the director of the Agricultural Bank in Amarah and his former assistant

2017/11/19 13:46

Revealed Integrity Commission for the issuance of arrest warrants against the Director of the Agricultural Bank Branch of Architecture and Assistant Director of the former bank, indicating that follow-up transactions of agricultural loans had been disbursed contrary to the law led to the issuance of arrest warrants and the recovery of more than one billion dinars to the state treasury.

According to a news release received by the agency {Euphrates News} copy today that "the Office of Investigation Commission in the province of Maysan continued loan transactions disbursed contrary to the controls at the Agricultural Cooperative Bank branch of architecture, indicating that the procedures were complementary to the previous control carried out by the Office in late Last August resulted in the seizure of seven transactions of agricultural loans were disbursed contrary to the controls, totaling a total of 710 million dinars.

The Department pointed out that "the follow-up of the Office of other loan transactions had been disbursed at the same time with transactions previously seized, led to the addition of new amounts to recover amounts to reach those amounts 1.50 billion dinars."
He noted that "the procedures of the Office also led to the issuance of arrest warrants against the former bank manager and his assistant, based on the provisions of Article 316 of the Penal Code."

The Integrity Commission announced at the end of last August that it was able to control agricultural loan transactions in the amount of 700 million dinars, which was disbursed in violation of the controls without the knowledge of their original owners in the Agricultural Cooperative Bank branch of architecture.  

http://alforatnews.com/modules/news/article.php?storyid=154400

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Don961:  Showing security in the Capitol .... imo

Gradual lifting of concrete barriers in Baghdad

19/11/2017 12:00 am

Baghdad / Haider al-Atari

The concrete barriers have been gradually lifted from all the streets of Baghdad after the absence of the need to maintain security in the areas of the capital, which was thanks to the success of the plans carried out by the security forces of various types, especially that these barriers reflected over the past years negatively on the operations of clothing and cleaning, Public streets.

In conjunction with the removal of the barriers, the Municipality of Baghdad prepared an integrated service plan to open the closed streets, while finding alternative ways to ease the traffic momentum. The citizen (Omar Hamdan) of the people of Adhamiya, in his speech for the "morning", lifting the concrete barriers to "great joy", after the region suffered its negative effects over the past years, noting that it caused traffic jams and affected the cleaning and the streets .

Meanwhile, Fatima Didan welcomed the people of Palestine Street during her speech, which will be reflected in the level of services in the capital, as she put it, demanding the implementation of a major national campaign involving the people of the residential areas in order to build roads and carrots, There is no maintenance and maintenance, with the opening of more closed streets so as to ensure the citizen freedom to walk in his area without the need to conduct certain streets and thus affected without Suha what must be rehabilitated continuously.

Ibrahim Emad, a resident of Mansur, noted that the lifting of the concrete barriers from his area, especially those close to the commercial area, contributed significantly to ease the traffic momentum in the commercial street, such as the 14 Ramadan and the pioneers after the security forces raised the concrete In the side branches, wishing to continue lifting these barriers of some vital side branches linking the other area of ​​his part, the Director of Information Secretariat Baghdad Hakim Abdul-Zahra in an exclusive interview made to the "morning": The most prominent reasons called for the Joint Traffic Committee of honesty Baghdad and leadership Operations and the Directorate General Traffic to lift concrete barriers in some areas, is to open a number of main streets and sub after the stability of the security situation, with the absence of the need for those barriers, noting that the Secretariat is working to ease the traffic momentum and find alternatives, especially after the closure of road (Mohammad Qasim) Quick.

He added that the Secretariat has prepared an integrated service plan for the maintenance, maintenance and maintenance of a number of streets after being damaged by the heavy loads of the barriers and led to the erosion, adding that the Secretariat is keen to be ready to receive these vehicles with the pursuit of campaigns to grow roses and trees
Middle carrots.

Abdul-Zahra revealed the opening of a package of main and secondary streets in the Rusafa side in coordination with the Baghdad Operations Command and the General Traffic Directorate, in the areas: Adhamiya, Al-Waziriya, Cairo, Palestine Street, Nahdah, Karrada
link


Don961:  This is what Iraq's oil in the budget of 2018

2017/11/18 12:49:21 PM

An Iraqi parliamentarian said on Saturday that the 2018 budget assumes the export of about 3.8 million barrels per day of oil, based on an average price of about $ 43 a barrel, well below the global price of more than $ 50.

Hilal al-Sahlani pointed out that the draft federal budget bill 2018 is still under discussion in the office of Prime Minister Haider al-Abadi, despite the deadline for sending the draft budget to the House of Representatives on 10 October.

He revealed that the total ceiling of the budget of 2018 is more than the budget of 2017, noting that the rate of deficit in the new general budget of about 20%, or 22 trillion Iraqi dinars (19 billion dollars).

He added that the government estimated the price of a barrel of oil at 43 dollars, an export rate of 3 million and 800 thousand barrels per day, indicating that all allocations contained in the items of the draft budget law as the total operational and investment expenses and revenues are estimated because the actual data of the previous budgets, Financial control, indicates that the proportion of the budget deficit annually does not exceed 5 trillion Iraqi dinars, (4.3 billion dollars).

"The Iraqi government spends on the basis of actual revenues that enter the central treasury, and therefore the ceiling of financial expenditure of state institutions in general does not exceed 70 trillion Iraqi dinars annually (60 billion dollars).

A member of the parliamentary finance committee, Ahmed Haj Rashid, estimated the volume of expenditures in the budget in 2018 by 120 trillion dinars (103.5 billion dollars), while revenues are less than this amount significantly, which will lead to a large deficit.

Iraq, OPEC's founding member, produces more than 4 million barrels of oil per day, while its proven reserves of crude oil are estimated at 143 billion barrels, the world's fifth largest oil reserves after Venezuela, Saudi Arabia, Canada and Iran.   link