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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, April 26, 2018

The IQD RV Evolution What to do when it arrives ( Parts 1, 2 & 3), 26 APRIL






KAPERONI CHAT, 26 APRIL

Baxter: Kaperoni CBI News...The CBI put out a press release today confirming the signing of the agreement with Visa. Things are moving really quite fast regarding monetary policy and Iraq.

Not that we're going to see them begin the transition off-the-peg or into Article VIII yet, but everything else regarding the banking system is changing rapidly. With all the recent activities and news pertaining to monetary policy in Iraq it seems almost impossible that it could be stopped at this point.
 ...
But anything is possible in Iraq. According to our numbers and the chart the CBI still has 49 days of compliance to go in order to be able to write the letter and exit Article XIV and move to Article VIII.

Though this is not official it is fairly accurate. But I don't expect them to move exactly on the compliance date anyways it could take weeks. The success of the elections and formation of government will play a critical role in all of that.

Clay: @Baxter I say Art 8 when they come out Internationally

Dave: 16 years later Clay yup

Clay: @Dave lol the cards   Dave s@@n

Baxter: LETS HOPE CLAY... PROVE KAP WRONG.... P L E A S E

Tebow: Kap no float!

Clay: @Baxter I really think so the cards will bring them into the WTO

Baxter: I PRAY YOU ARE RIGHT BUDDY... I BUY THE FIRST BREW..
Baxter: AND... THE SECOND...AND THE THIRD

xyz: Zig 4-26-2018 Intel Guru RayRen98 Abadi and Barzani are becoming like "best buds" and there is peace among the land. (LOL) Abadi has approved international flights in Kurdistan. Iraqi TV reports Alaq, with the CBI, stating Iraqi banks totaling 200 billion dinar in assets and that they are ready for the economic impact.

xyz: Zig 4-25-2018 Intel/Newshound Guru sandyf [what is the different between Chapter 8 UN and IMF? and which one is more important for Iraq Currency to get RV/RI/Float/LOP whatever it is?]

There is a great deal of confusion over this... The UN has a Charter and the Charter has Chapters, Iraq has been subject of Chapters 6 & 7, not Chapter 8 which deals with local security.

The IMF has Articles of Agreement which members must adhere to and the IMF deal in Monetary matters. Currently Iraq is under IMF Article 14 which is described as a transitional arrangement and as such the currency is non convertible. Iraq would need to accept the obligations of Article 8 for the currency to become partially convertible and be accepted at banks internationally.


xyz: Zig 4-25-2018 Intel Guru Frank26 ...THE WORLD KNOWS AS YOU DO THAT THE CBI SAID..."WE ARE READY". BE STRONG IN YOUR DISCIPLINE OF WAITING...FOR SOON IMO...IT WILL REWARD YOU.

chattels: PM Abadi Govt (2014-present)
This timeline covers the government of PM Abadi http://musingsoniraq.blogspot.com/p/pm-abadi-govt-2014-present.html

chattels:   2014     Sep 8 Haidar al-Abadi became PM
chattels: Almost four months following the election.

Zig: xyz Why are you addressing all that Guru stuff to me....Oh wait....I remembered.....I got stuck in your mouse.... :Really?

xyz: "The central bank's strategy for the years 2016-2020 has a very deep depth, which reflected positively on the work of banks and put difficulties in front of him,"
https://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Feconomy-news.net%2Fcontent.php%3Fid%3D12105

26 Apr 18, 06:55 PMxyz: Zig 4-26-2018 Newshound/Intel Guru BGG Article: "Continued decline in dollar exchange in Iraq" Quote: "The market price on the Kifah Stock Exchange in Baghdad was 1196 dinars per dollar, or 119 thousand and 600 dinars per hundred dollars."

 There is a lot of great news out the last few days. This, however, will fly under the radar and is very, very important. The USD / IQD rate continues to decline. Looking better and better everyday.

dinard: anyone know how long dinar has been within 2% compliance?

xyz: dinard yes

chattels: dinard Approximately 41 days
yz: The Iraqi Central Bank, represented by His Excellency Mr. Ali Mohsen Ismail, signed a memorandum of understanding with Visa International, which has granted membership to more than 16,000 financial institutions worldwide to establish the legal and regulatory framework for work in Iraq.

https://translate.google.com/translate?hl=&sl=ar&tl=en&u=https%3A%2F%2Fcbi.iq%2Fnews%2Fview%2F685&sandbox=1 
Spectra: The new British Ambassador to Iraq Jon Wilks discusses his hopes for future of Iraq - UK relations https://youtu.be/O0MaeqOboro IBBCLondon

dinard: chattels thanks!

chattels: According to Kaperoni

dinard: chattels will fact check then lol jk

xyz: Press Release issued by the Board of Governors of Central Banks and Arab Monetary Institutions

https://translate.google.com/translate?hl=&sl=ar&tl=en&u=https%3A%2F%2Fcbi.iq%2Fnews%2Fview%2F684&sandbox=1

Spectra: Doing business in IRAQ Executive summary------http://www.webuildiraq.org/wp-content/uploads/2013/02/20170207-DBI-Executive-Summary-E-Y.pdf

Spectra: http://www.webuildiraq.org/wp-content/uploads/2013/02/20170207-DBI-Executive-Summary-E-Y.pdf

LeLe: dinard don't feel bad, me either.
IQD CHAT

Anticipated Indonesian RUPIAH Rate Change possible timeline? | IQD Dina...

The Central Bank sets the conditions for the confiscation of damaged and invalid banknotes, 26 APRIL

Economy News _ Baghdad

The Central Bank of Iraq, on Wednesday, the conditions for the confiscation of banknotes damaged and non-negotiable.

The bank said in a statement received "the economy news" a copy of it, "The banknotes damaged and non-negotiable is confiscated and inform the party that submitted the confiscation decision," noting that "the right of those whose cash papers were rejected and confiscated to submit a request to the Governor of the bank or authorized to review the the decision".

The bank added that "the terms of the banknotes that are considered damaged and which are confiscated from the design of the banknote is unclear or distorted or the appearance of the external appearance changes, including the written or the decree or printed or stamped on it or placed on the adhesive.

"Another condition is if the paper loses more than 50 percent of its area and if there is evidence to convince the bank that the paper parts have been completely destroyed, they will be partially or fully compensated," he said.

"The banknotes will be confiscated if these securities are cut into pieces more than 6 pieces, or if the banknotes perforated four holes in one banknote."

He demanded that "the bank of the banking system to confiscate these damaged banknotes and hand them to the Central Bank with knowledge of its source from the customer," stressing that "the bank bears the responsibility of the legal consequences."
The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non circulation by the public.

http://economy-news.net/content.php?id=12089

Dinar Perspective Roundtable Call

FRANK26 DISCUSSION: "Doing the RI Correctly" , 26 APRIL

PigsFly2 » April 25th, 2018

BOOM!!!!!!! I like the sound of that word...BOOM!!!!!!!!!

Don961 » April 25th, 2018

Saleh Saleh: Iraq is on the verge of a banking boom


26/4/2018 12:10 am Baghdad / Al-Sabah 

The start of the financial institutions to work on the dissemination of services among the Iraqi community in conjunction with the week of Arab financial inclusion, which started yesterday in most Arab countries, represents an important step to communicate and benefit from regional experiences and start the stage of departure from where the world ended, and promote the national economy through interaction with all Segments of society without exception to be the results in favor of the national economy through the positive interaction between the banking system and the citizen 

The activities of the week of inclusiveness have been launched for seven days, targeting all segments of society and in different places and sectors. This interest stems from the important positive role of financial coverage in the reality of the national economy. 

Financial services 

Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh praised the step and promised the task and promote the Iraqi financial sector and said: "As far as the financial coverage to mean in essence the delivery of financial services to weaken the income segments of society, a renaissance led by the government and the Central Bank together to make the issue of the resettlement of government salaries, which constitute With pension payments and social security, accounts for about 45 percent of GDP. " 

"Banking mechanisms and the benefits of using electronic payment methods for banking will help expand the phenomenon of financial coverage to double what it is today," he said, adding that "the number of adults involved in banking operations will exceed 20 percent of the adult population, Credit and the granting of loans with the guarantee of home salary will also increase public abuse with the banking system. " 

"Iraq is on the verge of a banking boom in the next few years and this renaissance will be able to achieve its objectives thanks to the rapid progress of banking information technology in the digital banking era," Saleh said. 

Banking Education 

Director General of Payments at the Central Bank of Iraq, Souha Abdul Karim, has shown "the Central Bank's efforts to develop the financial and banking sector through the development of infrastructure that enable financial institutions and banking to improve services and accessibility by all segments of society," noting that "In this framework Comes attention to the week of financial inclusion and turn it into a carnival for the delivery of services and the participation of banks in a practical way to contribute to the education of banking services, especially for women, as well as to the segment of students, whether schools or universities, which are considered effective tools for the dissemination of culture and combating banking illiteracy. 

Mainstream products 

Executive Director of the Association of Iraqi Private Banks Ali Tariq said: "The activities of the Week of Financial Inclusion started yesterday in all parts of Iraq, in order to increase the dealings with the banking sector." 

Financial inclusion means that the financial and banking products and services are at reasonable cost to the largest group of groups, institutions and individuals, especially low-income segments of society, as opposed to the financial exclusion that excludes these segments. Financial inclusion requires the capacity to exclude these segments and the ability of individuals and institutions to obtain On financial services and their effective use in a responsible manner and financial inclusiveness without financial education. The conscious consumer is more aware of the risks and rewards associated with financial products and more aware of his rights and duties. 

"Tariq will witness the launch of the Financial Inclusion Week, which involves all banks and financial companies operating in Iraq, in order to educate the public on the importance of financial coverage, which will reflect positively on the economy. 

Electronic payment 

He added that "the Central Bank and the Association of Private Banks directly supervise the organization of the week of financial inclusion, which was launched in conjunction with the Arab countries," noting that "Iraq wants to increase the number of customers with the banking sector to large proportions because it will make citizens enjoy banking services available to the public of loans and payment electronic And others. " 

Tarek pointed out that "the activities of the week of financial inclusion include the Iraqi banks to display their products in public places that they deem appropriate from universities 
And commercial centers and others, "noting that" the banks will during the week of financial inclusion to open bank accounts and the granting of credit cards And others. " ​

Development Agenda 

International Financial Inclusion Expert Sadiq al-Shammari stressed that "it represents an important dimension in the overall and sustainable development strategy because it has an impact on improving the chances of growth and financial and social stability. The G-20 has shown an important goal in the economic and financial development agenda. Financial for all by 2020 for its effective role in fighting poverty and reducing unemployment worldwide. " 

International statistics for 2014 show that nearly one billion of the world's adult population still do not have access to financial services, although the global average of adults with bank accounts has increased to 62 percent from 51 percent in 2011, according to the Global Financial Services Circular. 

"The rapid and rapid development of ICT has contributed to the emergence of many innovative financial services and business models such as mobile banking and branchless banking, as well as improved access to individuals and enhanced financial coverage," he said. 

Direct effect 

Director of relations of the South Islamic Bank Gamal Shaker al-Rubaie that "the speed in the changes and technological competition puts the media at the forefront of direct influence on public opinion because the role of the media is to create cultural awareness and a general direction in the community." 

"Today, the media has diversified, thanks to scientific progress. Perhaps scientific studies have given the media many ways and means to influence the public opinion. This task is not easy and at the same time is not impossible because the convictions are different towards the goal pursued by any institution. And acceptable. " 

He stressed that "financial inclusion will impose itself when banking culture is an important part of the life of the individual and to support that step we have to provide infrastructure for various sectors to facilitate dealing with them very easily and be close to the reach of the individual in the city or village, I am in order to break the frequency of some and the banks to create attractive ways to attract the customer and graduated from traditional frameworks inherited through contracts while retaining lines of safety and confidence and banking standards. 

Short loans 

"Financial inclusion requires a comprehensive range of financial services including bank accounts, savings, short and long term loans, leasing, mortgages, insurance, salaries, payments, local and international remittances and retirement plans, as well as the protection of the problem and the strengthening of financial capacity," said Haidar Kazem al-Baghdadi. 

"Expanding participation in the formal financial system or achieving financial inclusion is not an end in itself but a means to achieve an objective because of its important developmental role in human development, improving the standard of living, empowering women, promoting equal opportunities, financing small and medium enterprises, reducing poverty, Thus achieving comprehensive and sustainable economic growth. " 

Economic life 

In conjunction with the event, the International Company for Smart Card (K-Card) organized a workshop on the dimensions of financial inclusion and importance in economic life, and participated a large number of employees of the company in this workshop, which was attended by international experts, Sadiq Rashed Al-Shammari. Participants reviewed the stages of interest in the economic life of the family and the national economy through reliance on financial inclusion, and presented successful global experiences in this important chapter and how some economies have been able to achieve important successes through financial inclusion. 

The participants interacted with this step, where consensus was reached on the importance of working towards spreading awareness among the community about financial inclusion and its role in achieving development for all segments of society and in all cities and towns. link

MilitiaMan » April 25th, 2018

When WS and frank tell us there is more coming, I am not sure how much more I can take!!!! Lol This article may make your head spin!! I pulled over while traveling to say WOW!! STEPS...... one after the other..... –MM

Aggiedad77 » April 25th, 2018

THERE ARE SOME KEY WORDS HERE IMO......"FINANCIAL INCLUSION"....HMMMM WHERE HAVE WE HEARD THAT BEFORE...MAYBE ON MONDAY'S CC....OH YES.....THEN...."COMMUNICATION AND BENEFITS"....."FINANCIAL SERVICES"....."ELECTRONIC BANKING"......"EDUCATION"....."ECONOMIC LIFE".......YES INDEED THERE IS LIFE AFTER BEING KNOCKED DOWN SO LOW.....IT'S COMING....IT'S HAPPENING....RIGHT BEFORE OUR EYES......WATCH FOR IT....IN THE BLINK OF AN EYE.....SOON....IMO.ALOHA RANDY

Iobey777 » April 25th, 2018

Another WOW!! Go CBI!! Keep talking!! Bring on the MORE!! You have LAUNCHED and you have said "WE ARE READY" So show that new rate to the world! Let's get it on!!

S.Josh » April 25th, 2018

Wow, IMO... this sounds like a CULMINATION of the citizen's awareness/training...
"OK, we told you HOW it would work (for YEARS now...) ""NOW its time to OPEN your new accounts because our money is international and our banks are secure, and worthy of use!"

Walkingstick » April 25th, 2018

Frank... About to get much louder then this....
Ours.... far exceeding, the expected... measure ...

Frank26 » April 25th, 2018

DEEPLY SORRY WALKINGSTICK ................... BUT I CAN'T HEAR YOU ........... IT'S TOO LOUD !!! !!! !!! SERIOUSLY ........... I AGREE SIR.

YOUR COUNSEL ON CANCELLING WEDNESDAY CC'S WAS ............... PERFECT.
HOURS TO MINUTES TO NOW .............. SECONDS ............. OR .......... TO SECOND ARTICLE !!!

PS ............ HEY KTFA AND INTERNET .............. WE TOLD YOU SO !!! !!! !!! LOL


Walkingstick » April 25th, 2018

Yep, it is nearing 

Frank26 » April 25th, 2018

THEY ARE NOT CONCERNED ABOUT HIDING IT ............ THEY ARE CONCERNED ABOUT DOING THE RI CORRECTLY !!! 

Walkingstick » April 25th, 2018

Yep, exactly.... 

Frank26 » April 25th, 2018

I AM CONSIDERING A FRIDAY CC................. NEED TO TALK TO WALKINGSTICK FIRST.

Aggiedad77 » April 25th, 2018

AWESOME NEWS ARTICLES TODAY/THIS EVENING AND EXCITING COMMENTS FROM FRANK AND WS THAT MAKE WHAT WE ARE READING TO BE ALL THE MORE ENCOURAGING.....PLEASE TAKE ALL THAT WE'VE READ TO GOD IN PRAYER. ALOHA RANDY

KTFA: "One Last Thing" , 26 APRIL

Frank26 » April 25th, 2018

FAMILY ............... ONE LAST THING ............. DO NOT CONSIDER YOURSELF TO HAVE SUPER NATURAL POWERS CONCERNING THE MR OF THE DINAR OF IRAQ ..................... FOR THE WORLD KNOWS AS YOU DO THAT THE CBI SAID .............. "WE ARE READY".

BE STRONG IN YOUR DISCIPLINE OF WAITING .......... FOR SOON IMO ............. IT WILL REWARD YOU. ALOHA TO ALL. 


Don961 » April 25th, 2018

Thank you Frank ...imo ... as Walkingstick and you/Teams have taught ... no need to be a super sleuth searching for some obscure article announcing the RI ... it will be out there in plain view ... abundantly ... for all to see ... no question about what they are doing or when ...

Samson » April 25th, 2018

G7 Meeting; from an economic alliance to a political alliance


25th April, 2018

The foreign ministers of the G7 (the United States, France, Japan, Germany, Canada, Britain and Italy) met yesterday in Toronto, Canada, to discuss important international issues. The meeting touched on several important topics, including Russia and the Crimean crisis, the North Korean talks on the nuclear deal and the Syrian crisis. The meeting ended with the group discussing these issues at the next meeting in Quebec City, Canada, on June 8-9

Establishing

After the global economic crisis of 1973, the rise in oil prices from $ 3 to $ 13 a barrel, major economic countries suffered a crisis of compensating for the rise of these prices, and the international monetary system (Bretton Woods system) also suffered from this economic crisis

In order to overcome these crises, America, France, Italy, Britain, Japan and Germany formed the G6 . In the following years, Canada and Russia joined these countries to become the group of the eight largest industrialized countries named after the G8 . These countries have Russia in the G8, Russia has withdrawn from them, and the group continued to operate under the name of the Group of Seven

Meeting against Russia

In the past, the core of the G7 research was based on purely economic issues, with a view to achieving stability and security in the global economy and its predictability. However, in recent years these countries had achieved little success. One of the main reasons for this was the entry of this group In security issues not related to the global economy

Yesterday's meeting was clearly influenced by the Russian-Western conflict. British Foreign Secretary Fris Johnson said in a speech after the meeting that the ministers agreed at their two-day meeting in Toronto, Canada, to set up a working group to study Russia's "bad behavior" In light of concerns about what Moscow is doing in Ukraine and Syria, told reporters: "What we decided yesterday is the formation of a group of " G7 " studying Russia's harmful behavior in all its manifestations, whether in the field of electronic warfare or information distortion or assassination attempts or whatever, Collectively. "

Canadian Foreign Minister Christia Freeland said that "the ministers expressed deep concern over the despicable attack on nerve gas in Britain and Russia's attempts to destabilize democratic countries by intervening in the elections."

At present, Western-Russian relations are cooler than ever after the collapse of the Soviet Union, which overshadowed the G7 summit, which should focus on economic issues in the first place. This was a major reason that the group failed to achieve any of its objectives Over the past decades, Russia has played a major role in global financial stability as one of the world's leading economies. In its presence, Group 8 controlled 65 of the world economy, but with its exit the group lost 15 percent, Seven by a large

Yesterday, the International Monetary Fund ( IFM) announced that rising fiscal vulnerabilities, rising trade and geopolitical tensions and a historically high global debt threaten global growth prospects. Thus, Russia's absence from these meetings will increase economic risks that contradict the economic policies of this group. The new Cold War between the West and Russia and the reduction of diplomatic relations between the two sides are among the serious challenges facing the Group of Seven

New challenges facing G7:

The meeting dealt with other issues, including the North Korean issue and the crisis in Syria, where the foreign ministers of the Group of Seven supported the tripartite aggression of the United States and Britain and the French last on Syria, and although this issue has nothing to do with the economy neither near nor far, The group can affect Syria in any way except in coordination with Russia, which plays a major role there

German Foreign Minister Haikou Mas told reporters that the final statement "reaffirms that there will be no political solution in Syria without Russia, and Russia should make its contribution to this solution."

The latest trade war launched by US President Donald Trump on China is a major economic and trade threat that could cause economic crises. This is contrary to the G7's wishes and does not meet its goals. The dollar's confrontation with the Chinese yen and the deliberate manipulation of the dollar (and vice versa) US imports will increase the volatility of the global exchange rate, which will inevitably affect the economies of these countries, but this is not addressed in the agenda of the Group of Seven, which means that the Group of Seven is not aware of the seriousness of the economic crisis and its failure to predict Out

In conclusion, it can be said that the recent meeting of the Group of Seven has departed from its goals and aspires to highlight the failure to address the economic crisis impending, where economists question the ability of this group to predict the global economy and prevent global crises, because of the crisis that the West is with Russia China, and because of the Trumpy policies bearing the slogan "America First", as well as the lack of interest in emerging economies such as Spain, India, Brazil and other countries ml LINK

The strategy of Moscow and the new Beijing to confront America ... Gold against the dollar

25th April, 2018



new era, every country in the world tries to strengthen its economy by various means. In order to achieve this, some international systems have invented digital currencies such as Betquin and others. Some economists believe that this type of currency will replace gold in a short time.

Also, these currencies suffered record losses of more than 60 percent in one month, and the price of "Petcown" on the stock exchange $ 7289, falling to less than half the peak recorded in December, when approached close to 20 thousand dollars, but because of the losses suffered With digital currencies, countries have moved towards re-establishing their policies And the focus of their efforts to increase their reserves of resources of high value and global stability, and in this sense, the central banks of countries today are working to increase their reserves of gold instead of relying on digital currencies or other standards

With the arrival of Trump to the White House and raised the slogan "America first" began a trade war with world powers such as China and Russia, through the imposition of new taxes on imports of foreign goods, in contrast not only Moscow and Beijing, considering the Trump offensive policies on the economic arena, which will undoubtedly affect And embarked on a new strategy aimed at weakening the dollar and changing the international financial system based on the dollar. As a result, some Western countries are seriously considering this coming war and its damage, and started to store and save valuable resources such as gold, German countries , According to German central bank reports. Germany has recently returned a lot of gold to its banks. It now has about 1440 tons of gold in New York banks, 438 in London and 307 in Paris. It plans to return around 667 tons of gold to Germany. Through it to create confidence, credibility and economic tranquility within

China 

In the last few years, China has started to stockpile gold, where some believe that by increasing its gold reserves it aims to strengthen the value of its Chinese yuan against the dollar, which will see its future exchange rate decline. In fact, Gold in China, experts believe that China buys gold in a scientific way does not lead to higher price after that

In this context, many other countries, such as Serbia, Greece, Ecuador, Mexico, Kazakhstan, Kyrgyzstan and Tajikistan, are buying gold in large quantities

Russia


In August, according to the International Monetary Fund ( IMF ), Russia bought a large amount of gold, as the Russian central bank doubled its reserves of gold during the past five years and reached the reserve during these years to 1800 tons of gold, and reports show that between 2000 In mid-2007, the Russian bank officially stored about 400 tons of gold. In early 2011, gold stocks in Russia reached 800 tons and by the end of 2014 it reached 1200 tons. In 2016, Russia announced that its gold reserves amounted to 1600 tons

Russian-Chinese coordination

Economists believe that one of the reasons why the Russians and Chinese are buying gold in high volumes is the dollar's continued rise, but this is not convincing. The dollar's rise means retaining it and keeping its balance to benefit from imports or even defending the ruble, . The principle of diversification of the Reserve Bank of the central one of the justification for the purchase of gold, which is done by central banks even in the case of Russia, which is acceptable to a large extent, but Moscow may fear rising tension with America and its allies from Europe, and then impose further sanctions

However, other economic analysts see Russian-Chinese cooperation in this area as a new strategy through which Putin aims to break the dollar's monopoly of the global market and strike America economically by hitting its currency. For this reason, both countries exchanged their dollars with gold and became among the countries The top ten with the largest reserves of gold, and in this regard, the World Gold Council predicted that China's annual reserves of gold will double in the next ten years

In conclusion, it seems that Russia and China are heading towards the establishment of a new financial system far from the US dollar.

In order to achieve this, Moscow and Beijing are stockpiling gold in large quantities in order to overcome their enemies in a silent economic war where they aim to maintain their independence and plan to strengthen their position. the world. Reports indicate that quantities of gas and oil sold by Russia to its Asian and European neighbors turned from the dollar into gold reserves.

Faced with this heated conflict, the question remains what will happen to the global economy if Russia and China succeed in their new strategy. ml LINK

STRYKER TIDBIT, 26 APRIL

Article:  "Urgent parliamentary financial unveils new economic disappointment in Iraq!" 


Article found here --   http://www.dinardaily.net/t71343-urgent-parliamentary-finance-reveals-new-economic-disappointment-in-iraq


This one is important because Parliamentary Finance Committee, Masood Haider is saying Iraq will become 1000 times better than where it is today after cooperating with the International Monetary Fund and the World Bank on economic reforms..
.

DINAR IRAQ & DONG VIETNAM UPDATE, 26 APRIL

The Central Bank sets the conditions for the confiscation of damaged and invalid banknotes 25th April, 2018 The Central Bank of Iraq, on Wednesday, the conditions for the confiscation of banknotes damaged and non-negotiable The bank said in a statement received “the economy news” a copy of it, “The banknotes damaged and non-negotiable is confiscated and inform the party that submitted the confiscation decision,” noting that “the right of those whose cash papers were rejected and confiscated to submit a request to the Governor of the bank or authorized to review the the decision” .

The bank added that “the terms of the banknotes that are considered damaged and which are confiscated from the design of the banknote is unclear or distorted or the appearance of the external appearance changes, including the written or the decree or printed or stamped on it or placed on the adhesive “Another condition is if the paper loses more than 50 percent of its area and if there is evidence to convince the bank that the paper parts have been completely destroyed, they will be partially or fully compensated,” he said “The banknotes will be confiscated if these securities are cut into pieces more than 6 pieces, or if the banknotes perforated four holes in one banknote.”

 He demanded that “the bank of the banking system to confiscate these damaged banknotes and hand them to the Central Bank with knowledge of its source from the customer,” stressing that “the bank bears the responsibility of the legal consequences.” The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non-circulation by the public.
***

The Iraqi Payment System has not experienced a breach or a problem The governor of the Central Bank Ali al-Alaq, that the Iraqi payment system did not witness a violation or a problem because it is considered one of the best systems in the world. “The payment system in the Central Bank of Iraq is one of the best in the world and has not witnessed a breach or a problem over the past period,” he said during an interview with Visa International in Baghdad. He added that “the elements of safety and permanence and accuracy in the operations within the payment system has made it one of the best systems in the world,” noting that “the settlement processes carried out by the payments system amounts to more than 14 trillion dinars per month.”
****
[What is the different between Chapter 8 UN and IMF? and which one is more important for Iraq Currency to get RV/RI/Float/LOP whatever it is?] 

There is a great deal of confusion over this… The UN has a Charter and the Charter has Chapters, Iraq has been subject of Chapters 6 & 7, not Chapter 8 which deals with local security. The IMF has Articles of Agreement which members must adhere to and the IMF deal in Monetary matters. Currently Iraq is under IMF Article 14 which is described as a transitional arrangement and as such the currency is non convertible. Iraq would need to accept the obligations of Article 8 for the currency to become partially convertible and be accepted at banks internationally.

ECONOMIC EXPECTATIONS IN IRAQ IN 2018 | IQD RV Dinar Currency Exchange

KTFA: "Financial Inclusion Week", 26 APRIL

Giant » April 25th, 2018

Family, please do not overlook this article, ( see article below) for if you have been paying attention to the past few studies you will know that a week is 7 days...(even for Iraq) And if the FINANCIAL INCLUSION WEEK begins today which is Wednesday, then the end of FINANCIAL INCLUSION WEEK should be Tuesday, May 1st. Now I'm not mentioning in dates or anything, but what is funny is...that the UN announces their rates on April 27th and will take affect May 1st. Just saying all in my opinion... Something's up!

StephenMac » April 25th, 2018

Hi Giants,Glad to see you posting! Remember to factor in the possibility that even though the UN rates may change it may not show for Iraq because that is a 72 hour window that Speculators can jump on the bandwagon. Im looking forward to seeing no change for the Iraq Dinar until exactly as it happens, the UN can change the rates on the website anytime to bring current and imo they will do exactly that, after the fact. Just a possibility

Samson » April 25th, 2018

Launching the Financial Inclusion Week in Iraq


25th April, 2018

The Central Bank and the Association of Iraqi Private Banks launched the activities of the Financial Inclusion Week in Iraq with the participation of banks and financial companies operating in the country

The Executive Director of the Association of Iraqi private banks Ali Tariq, "Economy News", "The banks and financial companies launched the week of financial inclusion in Iraq through the organization of educational campaigns to urge people to deal with the banking sector and opening accounts and credit cards and others ."

He added that "financial inclusion aims to deliver all banking services to the segments of society, specifically women and poor groups, which will reflect positively on economic development and achieve financial and social stability through the fight against poverty and unemployment LINK

Greenclan » April 25th, 2018

Articles: “Reuters: After 15 years in power, Iraq's Shiites are divided before crucial elections”

WELL.......>IMO..........ABADI and the Powers that Be.......Can easily capture these swing voters by ...uh.....RI the currency and once and for all give the people purchasing power and keep their promises..........if they wait till after election.......who knows. 

Don961 » April 25th, 2018

Alaraji: 650 Foreign Companies Participate In The Forum Of Investment Opportunities In Baghdad


IRAQI ECONOMY

On April 25, 2018 Baghdad - conscious

The National Investment Authority announced the participation of 650 foreign companies in the forum of investment opportunities in Baghdad on Thursday.

"The forum will be an opportunity for investment and reconstruction in Iraq," said Sami al-Araji, head of the committee.

Araji said that "the forum will witness the participation of about 650 companies and businessmen from 17 Arab and foreign countries."

He added that "the work of the forum will include an exhibition for 30 companies, and will see the signing of memorandums of understanding and contracts for projects that have been agreed upon since the Kuwait Conference so far." link 

Samson » April 25th, 2018

Consumer Optimism Further Boosts Vietnam’s Economy


24th April, 2018

Vietnam is set to remain the fastest-growing major country in Southeast Asia this year, with consumers boosting spending as a robust economy lifts household incomes. The latest quarterly survey from FT Confidential Research shows Vietnamese consumer sentiment at a three-year high, but continued economic success depends on the government successfully managing its partial withdrawal from the economy and its relationship with a newly assertive China.

“Our survey of 5,000 consumers across Thailand, Indonesia, the Philippines, Malaysia and Vietnam found young Vietnamese among the most optimistic about their country’s economic outlook,” propelling the FTCR Vietnam Economic Sentiment Index to its highest level since the start of 2015,Nikkei reported.

“Optimism among Vietnamese—they have been consistently upbeat on the country’s economic prospects since we began our survey in 2013—stands in contrast to the persistent gloom of Malaysian consumers and the changeable expectations of their Thai neighbors.”

Vietnam’s economy grew 6.8% last year, exceeding the Philippine growth rate by a whisker, and the government is expecting a faster pace this year. The economy is supported by demographics, with Vietnam’s dependency ratio—a measure of the working age population relative to the young and elderly—at a low 42.9%.

This leaves Vietnamese with more income for shopping. Discretionary spending in Vietnam rose fastest in the five ASEAN countries surveyed, according to our first quarter survey, while 49% of respondents said at the end of 2017 that they intended to increase their spending this year, more than any other group in the Asean-5. Foreign brands are responding; in the second half of last year, H&M, Costa Coffee and Dolce & Gabbana all opened their first stores in the country.

Online Shopping Expands

While retail sales in Vietnam rose nearly 11% last year to $129 billion, online shopping sales jumped 25%, a pace that the Vietnamese E-Commerce Association, an industry group, expects to be maintained until 2020. Regional firms such as Lazada may dominate online retail in Vietnam but domestic challengers such as Thegioididong and Sendo have emerged.

Car sales are expected to rebound from last year’s dip, helped by the removal of duties on imports from other ASEAN countries. Sales rose 241% between 2012 and 2017 as motorbikes steadily gave way to cars, making congestion a new headache for Hanoi and Ho Chi Minh City.

Vietnam is treading a path taken by many of its neighbors. A relatively large, young and cheap labor pool is drawing foreign investors and turning Vietnam into a regional manufacturing hub in competition with Malaysia, Thailand and Indonesia.

Samsung is the largest foreign investor, having invested $17 billion since 2009. Last year, around half of all of Samsung’s costlier smartphones passed through the hands of a Vietnamese worker before being shipped worldwide.

Investment in manufacturing for export is slowly emptying the fields: 41.8% of the labor force worked in agriculture in 2017 according to the World Bank, down from 55.1% in 2005 and 71.7% in 1992. LINK

Oil falls after Trump and Macaron's comments on Iran's nuclear deal

2018-04-25 at 09:05 (Baghdad time)

Oil prices tumbled on Wednesday after fears appeared that fears of a possible US retaliatory strike on Iran would ease concern over the future of Iranian crude exports.

US President Donald Trump and French President Emmanuel Macaron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the nuclear deal signed in 2015 but made clear his patience was running out.

Renewing the sanctions on Tehran could damage Iran's ability to export its oil.

Brent crude ended the session low by 85 cents, or 1.1 percent, to settle at $ 73.86 a barrel. Earlier in the session, Brent jumped to $ 75.47, the highest level since November 2014.

US benchmark WTI futures fell 94 cents, or 1.37 percent, to close at $ 67.70 a barrel.

The price gap between US crude and Brent widened to $ 6.32 a day on the third day, the largest since January 2, as US production increased. LINK

China: Police confiscate (600) computers used in coin mining

25th April, 2018

Police in the northern city of Tianjin have seized 600 computers used in the mining of virtual currency after the company, which runs the local power grid, reported unusual activity, the official Xinhua news agency reported Wednesday.

"Eight high-power fans have also been confiscated and this is the biggest case of electricity theft in the last few years," Xinhua said, quoting local police. The date of confiscation of these computers was not reported. China was home to most of the world's best-known mining operations before Beijing last year discouraged the process as part of a wider campaign to target and other virtual currencies and the volume of mining activity that moved abroad or closed unclear. 

Reuters reported in January that China's central bank told a high-level government group of online financial transactions that the monetary authority could ask local governments to regulate the use of electricity for miners to gradually reduce production. 

Coin-makers use high-power devices to generate enormous computational power to produce coded currencies by solving mathematical equations. This activity provides an enormous amount of electricity, which drives operators to search for locations where cheap electricity is available. Five people were under investigation and a sixth person was detained in the Tianjin case, police said. LINK

TNT TIDBIT, 26 APRIL

Rrrr:
RV gifts are all around, Just close your eyes. let them abound. Just let go… let go of your mind. Watch as we PIF all mankind. The sky seems more blue. The trees seem more green. The breeze feels so comforting. The air smells so clean…. Now open your eyes and take comfort in knowing, The RV is coming…. Earth’s future is Glowing!

SassyD:
Finland Abandons Universal Basic Income Experiment After Two Years -- 04/24/2018 -- With high-profile champions such as Richard Branson, Facebook boss Mark Zuckerberg, and Tesla CEO Elon Musk, backing the idea of governments giving non-working people money (from working people) to do nothing - what could go wrong?

Well, two years after enthusiastically beginning its experiment with a​ universal basic income - in which people are paid an unconditional sa​lary by the state instead of benefits - Finland is abandoning the proj​ect as government enthusiasm wanes and additional funding requests are​ rejected. -- https://www.zerohedge.com/news/2018-04-24/finland-abandons-universal-b​asic-income-experiment-after-two-years

Harambe:
Reuters: Kuwait Energy starts producing natural gas from field in southern Iraq

https://reut.rs/2qTIX7e

KTFA NEWS UPDATE, 26 APRIL

KTFA\

S.Josh: Article:  “Banking integration is one of the pillars of the advancement of the banking sector”   LINK

HUGE... IMO.  REQUIRES! banks to sooner or later (I vote SOONER!!!!) stop relying on currency windows.

BANKS! Start BEING BANKS!!!  Even if the window is still open, it MAY (read: ***WILL***) be closing!!!

GET USED TO IT

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

Manaolana3:  Article: “Keywords: $ 200 billion worth of assets in banks”     LINK

Wait a minute Alak! Seem to recall the President of the Association of Private Banks a few months back stating they had assets of $3B. Something happened since....care to elaborate? I can't hear you. Could you please speak up

S.Josh:  @ Samson, I saw this article posted this AM elsewhere and there was, IMO, another REALLY important paragraph that didn't make it in your post!!!

The article goes on to state:

“He pointed out that "the coming period will witness a decline in the rate of inflation in Iraq after controlling the exchange rate and cancel the marginal price of the dollar and make it equal to the official price," noting that "this measure by the Central Bank supports the purchasing power of citizens and provides an important indicator for businessmen through the stability of the working environment" .

He pointed out that "the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities."i.

IMO, this sounds like they are COMING OUT AND STATING they are pegging their new rate to be EQUAL to the DOLLAR!!!!

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

Samson:  President of the Association of Private Banks: The strategy of the Central Bank has overcome difficulties in front of banks

26th April, 2018

The President of the Association of Iraqi private banks, Wadih al-Hanalal, that the strategy of the Central Bank of Iraq 2016-2020 has a great depth and helped to overcome difficulties in the work of banks

"The central bank's strategy for the years 2016-2020 has a very deep depth, which reflected positively on the work of banks and put difficulties in front of him," said Al-Hantal in his speech during the session of "Investment Partnership" within the forum of investment and reconstruction opportunities in Iraq. "The Central Bank applies the recommendations that come out of the conferences in addition to visions of the World Bank."

He pointed out that "the Central Bank introduced the follow-up department and had a significant impact in the implementation of its decisions, which reflected positively on the banking sector."

He pointed out that "the visit of the Bahraini banks to Iraq has not occurred since 1980 and has opened important doors and we hope that the Bahraini banks to be correspondent banks."

He pointed out that "the Central Bank is the strategic partner and the big tent of the banks and because of its directions, Iraqi banks have international accounting standards in addition to the implementation of the requirements of the global financial system."

He noted that "the Association of Iraqi private banks trained 1800 people to the best international standards, in addition to training the youth through the course of empowerment and employment in the banking sector."
"For the first time, banks have participated in community initiatives, and the initiative of Baghdad to rehabilitate 20 fields has been funded by the private banking sector as well as the initiative support fund   LINK

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

Don961:  Report: Trump is on a working visit to Britain in July

 25 April 2018 06:18 PM

US President Donald Trump will pay a working visit to Britain in July and will be announced in the coming days, according to press reports.

"Trump" will be on a working visit to Britain, which is less important than the official international visit, Sky News said on Wednesday.

British Prime Minister Theresa May invited the US president to an official visit when she went to Washington in January 2017, sparking widespread protests in Britain.

This comes as the United Kingdom is ready to leave the EU after the referendum, which Trump announced its support.   link       

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

Samson:  Three years of severe imprisonment against the director of the Rasheed Bank branch Ramadi

 26th April, 2018

Anbar criminal court on Thursday sentenced the director of the Rashid Bank of Ramadi to three years in prison for discharging loans in violation of legal rules.

"The accused has disbursed loans to the employees of the Anbar Police Directorate in the amount of 10 billion dinars without a credit allocation and contrary to legal contexts," Judge Abdul Sattar Birqdar, spokesman of the Supreme Judicial Council, said in a statement received by al-Ghad Press.

"The court issued a severe sentence of three years for the accused in accordance with Article 340 of the Iraqi Penal Code," he said.    LINK

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

Iggy:  A woman was taking an afternoon nap. When she woke up, she told her husband, "I just dreamed that you gave me a pearl necklace. What do you think it means?" "You'll know tonight," he said. That evening, the man came home with a small package and gave it to his wife. Delighted, she opened it to find a book entitled "The Meaning of Dreams."
The Purge Begins: Deutsche Bank Fires 400 US Bankers

by Tyler Durden

Thu, 04/26/2018 - 11:56  
           
As part of its latest disastrous earnings, which saw trading revenues tumble by 17% as new CEO Christian Sewing took over, we reported that Deutsche Bank announced a sweeping restructuring plan, abandoning its long-running ambitions to be a top global securities firm, scaling back U.S. rates sales and trading, reducing the corporate finance business in the U.S. and Asia, and reviewing its global equities business with a view toward cutting it back, the bank said in a statement.

The measures will lead to a “significant reduction” in the 97,130-person workforce this year, Deutsche Bank said. We translated it more simply: massive layoffs.

Predictably, the German bank wasted no time, and according to Reuters and Bloomberg, the purge began overnight when Deutsche fired 300 U.S.-based investment bankers on Wednesday with another 100 pink slips expected over the next 24 hours.

In total, the biggest German bank plans to cut more than 1,000 jobs, or over 10%, of total US jobs in its initial restructuring phase. According to Bloomberg, the US hosts about 10,300 Deutsche Bank employees, or about a tenth of the firm’s global workforce.

In his earnings call comments, CEO Sewing stopped short of disclosing how many of the bank's 97,103 jobs would be let go...
Picture
While CFO James von Moltke also gave few clues as to how much of its massive 1.4 trillion euro ($1.7 trillion) balance sheet would be shed in the process. Von Moltke estimated restructuring costs for 2018 would rise to 800 million euros, up from an earlier estimate of 500 million euros, according to Bloomberg.

“These cutbacks will be painful, but they are unfortunately unavoidable if we want to be sustainably profitable in the best interests of our bank, our clients and our investors," Sewing said.

As noted earlier, the bank plans to reduce its activities across the board in the U.S. including rates sales and trading and corporate finance. Areas where the investment bank still believes it can grow globally include foreign exchange, commercial real estate and structured equity financing, Garth Ritchie, head of the investment bank, said in a memo to clients obtained by Bloomberg.

https://www.zerohedge.com/news/2018-04-26/purge-begins-deutsche-bank-fires-400-us-bankers     

RV/INTELLIGENCE ALERT - April 26, 2018

(Disclaimer: The following is an overview of the current situation based on rumors from several sources which may or may not be truthful or accurate.)

The new financial system is operational and ready for implementation.

The main transfer of funds and gold for the RV is scheduled to occur this Saturday after banks close. If no obstacles are encountered.

After all funds and gold are transferred, the final release protocol will be initiated.

Once the final release protocol is initiated, the toll-free 800 numbers are expected to be released by midnight Sunday.

RV exchanges/redemptions will begin the next day once banks open, Monday, the 30th.

BREAKING NEWS: Central Bank of Iraq | IQD Dinar Currency Exchange RV

ADAM MONTANA TIDBIT, 26 APRIL


I don’t see anything happening in the next two weeks. Parliament is basically shut down until after elections (May 12),…don’t shut your phone off! …There’s always a chance that a secret meeting or something like that will take place and surprise us.

[Instead of asking when, I’m gonna ask how much longer can Iraq survive with the currency the way it is?] Realistically, the answer is “indefinitely”. But I believe they have motivation to RV, so the question goes back to “when”. [Do you think they will really wait until after elections, cabinet formation and Ramadan?] I can’t speculate any more than I have already done regarding the “when” – hopefully immediately after elections but before Ramadan.

BANK STORY, 26 APRIL

Hi Dinar Recaps!
 
Thank you for keeping us informed and updated on many things going on in this world we live in especially with our investment that will soon bless so many of God's children.
 
I have a Bank story. I have been in Dinar investment for 7 years. For so many years, my bank, Wells Fargo has always said that the Dinar was a scam. After I heard a bank story last week on Dinar Recaps Blog about a young lady asking her Wells Fargo bank teller have they completed foreign currency training and the teller told her not yet but other employees had, I decided to contact my banker at the Wells Fargo in Texas.

I asked her have they started having foreign currency training and she said yes. They even have foreign currency bank tellers! I said what the world. I told her I would be up there to see for myself! I went in and sure enough there were foreign currency bank tellers in place.
 
She also explained that they are selling and buying all foreign currencies except for Dinar and Dong right now.

I am thinking why all of a sudden you are selling and buying foreign currencies and even have foreign currencies bank tellers in place, I am saying to myself...something is about to happen and go viral! Dinar land we are well on our way!

DINAR GURUS UPDATE, 26 APRIL

4-26-2018   Newshound/Intel Guru BGG   Article:  "Continued decline in dollar exchange in Iraq"   Quote:  "The market price on the Kifah Stock Exchange in Baghdad was 1196 dinars per dollar, or 119 thousand and 600 dinars per hundred dollars."   There is a lot of great news out the last few days. This, however, will fly under the radar and is very, very important. The USD / IQD rate continues to decline. Looking better and better everyday.

4-26-2018   Newshound Guru Kaperoni  First off the cbi's exchange rate is not a program rate. It is the real value of the Iraq dinar as it appreciated from almost 3,500 to $1 back in 2004 when it was introduced as the new Iraqi currency.  There has been a few adjustments most recently in an agreement with the IMF none of which refers to it as program rate... And when the CBI moves off the peg to a float, as well as opening its capital account, the CBI will then have a means to appreciate the currency gradually.
 
4-26-2018   Newshound Guru Adam Montana   [Instead of asking when, I'm gonna ask how much longer can Iraq survive with the currency the way it is?]   Realistically, the answer is "indefinitely". But I believe they have motivation to RV, so the question goes back to "when".   [Do you think they will really wait until after elections, cabinet formation and Ramadan?]  I can't speculate any more than I have already done regarding the "when" - hopefully immediately after elections but before Ramadan

4-26-2018   Newshound/Intel Guru Mnt Goat   I believe Abadi when he says "after the election." We will see the project to delete the zeros...So where are we reallyWe are kind of in a waiting mode for the next couple weeks to see how this election all shakes out on May 12th.   ...We know Iraq is ramping up seriously for the 2018-2022 Development & Reconstruction Plan. They are having yet another Investment conference and its this week. This time it is in Iraq. Remember they have had many of these conferences and seminars over the years and so they probably will have many more, even after they reinstate their currency.  I can assure you that Haider al-Abadi has a very good opportunity to get re-elected. If he does, we are going to see Iraqi just take off during the rest of 2018 and into 2019.

IQD RV Update News (RANT# 142)

KTFA: "The Heat is on" -, 26 APRIL



Frank26 » April 25th, 2018

I JUST ASKED THIS IN TEAM CHAT ................ KONA ... ARE YOU COLD ? .......(SAY YES) 

THEN GO TO A CORNER ......... IT'S 90 DEGREES THERE ......... ROFL 


SJosh » April 25th, 2018

They're backed in a corner and the HEAT IS ON!!!

Activate

Launch

Initiate

Implement

Succeed. DONE. NOW!!!

GO GO GO!!!

The 'RI button' is a HOT HOT HOT potato, and the CBI's juggling it and about to toss it to the international hands of the world!!!

Samson » April 25th, 2018

US Expected to Conquer European Oil Market


25th April, 2018

US crude oil and condensate exports to Europe are expected to hit an all-time high of around 550,000 barrels per day in April, according to shipping programs. Traders expect the record pace to continue this year, as US oil is growing popular with European refiners, often at the expense of oil cargoes from OPEC nations and Russia.

According to trade flows monitor in Thomson Reuters Eikon, between January and April this year, US crude oil and condensate exports to Europe jumped fourfold compared to the same period of 2017 to 68 large Aframax tankers, Oil Price reported. While Europe was the destination of 7% of all US oil exports in 2017, the percentage has increased to 12% this year, according to Reuters data. The UK, Italy and the Netherlands are top destinations in Europe and BP, Exxon and Valero have been importing large quantities of US oil, traders told Reuters.

WTI, Light Louisiana Sweet, Eagle Ford, Bakken and Mars are the most popular US crude grades in Europe, as a growing number of European refiners have started to test US crude and a wider WTI-Brent spread has been supportive of increased and cheaper US oil supply into Europe compared to Russian, Nigerian and other crude grades. LINK

3.5 million barrels per day exports of oil in southern Iraq since the beginning of April

2018-04-25 at 13:11 (Baghdad time)

Crude oil exports from southern Iraq, which is on the Gulf, have averaged 3.5 million bpd since the beginning of April, two oil executives said on Wednesday.

Iraq is to hold bids on oil and gas exploration contracts on Thursday in 11 concessions along the border with Iran and Kuwait and in Gulf waters.

The new contracts are set to include a time frame for companies to stop gas burning from their oilfields.

Iraq is the second largest producer of the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia. LINK

Rich4hyip » April 25th, 2018

Article: “Trump: We hope to withdraw from Syria soon”

I remember President Trump said the mission in Syria is accomplished... even if its- not it will be very soon. I guess, only a wild guess that Syria is the last battleground to be resolved before the whole puzzle of the entire situation completed…..North Korea is done, Iran said yes, Cuba agrees to work along, anyone else?the only one left is Syria, and i believe it will be soon enough.

this is expected, and its good news for reciprocal trade negotiations will continue, for a level playing field.

Don961 » April 25th, 2018

Trump: We are likely to reach a trade agreement with China 


24 April 2018 09:35 PM

US President Donald Trump said the United States is likely to reach a trade agreement with China, which comes after the world's two largest economies have seen signs of reciprocal customs duties.

Trump, on the sidelines of his meeting with the French president at the White House, said Tuesday that officials from both sides will negotiate on their trade dispute in the coming days.

"China is very serious, and we are very serious.

The US president said US Treasury Secretary Stephen Menuchin would travel to China as part of a delegation at Beijing's request, noting that there was a very good chance of reaching an agreement.

China has said it would welcome the US Treasury Secretary's visit as both sides sought to resolve their trade dispute after Trump threatened to impose tariffs on Chinese imports. Beijing responded with similar retaliatory measures. link

Iobey777 » April 25th, 2018

Great work, Mr. President!!! Maybe this might even open the door for the VND to hit a basket soon with an improved rate!

Don961 » April 25th, 2018

Trump: New NAFTA agreement may be completed quickly


24 April 2018 10:52 PM

US President Donald Trump said the North American Free Trade Agreement (NAFTA) could be concluded quickly, with the ministers of the three countries ready to meet later.

Trump told reporters at a ministerial meeting on Tuesday that things were going very well with regard to the NAFTA agreement.

He added that Mexico had an upcoming election and it would be interesting to follow up on what would happen during those elections.

The ministers of the three countries (the United States, Mexico and Canada) are scheduled to meet later in the day to continue negotiating the new NAFTA agreement.

"I can reach a deal really quickly, but I'm not sure it's in the best interest of the United States, but we'll see what happens. link 

Samson » April 25th, 2018

An international conference to combat the financing of terrorism begins in Paris today


2018/4/25 8:22

The Paris International Conference on Combating the Financing of Terrorism opens in Paris on Wednesday with the participation of more than 70 countries and international and regional organizations.

The conference aims to support the international efforts to combat terrorism and extremism in all its forms, which threatens the security and stability of the world as a whole to dry the sources of financing of terrorist groups. 

The conference is divided into four groups, headed by French Interior Minister Gerard Colomb and discussing ways to finance terrorism, extremism and cooperation to fight terrorism. The second is headed by French Foreign Minister Jean-Yves Loudrian and is considering fighting organized crime to dry up sources of terrorist financing. 

The third group is headed by French Justice Minister Nicole Bellioubi and discusses legislative aspects of terrorism financing. Group IV is chaired by French Minister of Economy and Finance Bruno Lamer, who discusses the application of standards to fight terrorism financing and new challenges in combating terrorist financing. LINK 

Cleitus » April 25th, 2018

Spending to print more money..., then clear instructions by the CBI to the public how they can be compensated for their damaged notes tells me one thing. They are READY!

Samson » April 25th, 2018

The Central Bank sets the conditions for the confiscation of damaged and invalid banknotes


25th April, 2018 



The Central Bank of Iraq, on Wednesday, the conditions for the confiscation of banknotes damaged and non-negotiable

The bank said in a statement received "the economy news" a copy of it, "The banknotes damaged and non-negotiable is confiscated and inform the party that submitted the confiscation decision," noting that "the right of those whose cash papers were rejected and confiscated to submit a request to the Governor of the bank or authorized to review the the decision"

The bank added that "the terms of the banknotes that are considered damaged and which are confiscated from the design of the banknote is unclear or distorted or the appearance of the external appearance changes, including the written or the decree or printed or stamped on it or placed on the adhesive

"Another condition is if the paper loses more than 50 percent of its area and if there is evidence to convince the bank that the paper parts have been completely destroyed, they will be partially or fully compensated," he said

"The banknotes will be confiscated if these securities are cut into pieces more than 6 pieces, or if the banknotes perforated four holes in one banknote."

He demanded that "the bank of the banking system to confiscate these damaged banknotes and hand them to the Central Bank with knowledge of its source from the customer," stressing that "the bank bears the responsibility of the legal consequences." 

The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non circulation by the public LINK