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DINARESGURUS.BLOGSPOT.COM_________________ _______

Sunday, December 31, 2017

BGG TIDBIT, 31 DEC

BGG  There is a lot of news about this major private bank offering major ATM services.  This is very interesting. 

There are lots of people talking about that there are lower denominations, this that and the other thing.  We don’t know that.  We have no facts to back that up.  We have no proof.  We’d like to see some proof.

 I know it as fact that there was an article that kind of alluded to lower denoms but it’s not like that…they talked about the 500 notes and the 1000 notes.  I have no idea why they would do that it they didn’t have a value associated with that but they did talk about it and it is in an article…so that is the extent of lower denomination.

There is no shred of proof that those ATMs are loaded with lower denoms.  When there is proof we will post it but right now there is no proof.

JESTER TIDBIT, 31 DEC

[JESTER] HELLO AND HAPPY WEEKEND EVERYONE...

[Dinar Chaser] JESTER Heard Iraq is signing up, or has signed up, to sell oil to China for Juan, rather than USD. Wonder if that will help the oil for dinar contract to come to fruition? They could also trade the Juan for gold to add their reserves. Sounds good all the way around.

[JESTER] Dinar Chaser WELL YEAH.... WHY NOT.... GOOD IDEA...THE OIL CONTRACT IS A SEPARATE THING....

[JESTER] GUYS PLEASE REMEMBER.... THE FUNDING OF THE TREASURY IS PART OF THE DEAL... AND THAT IS DONE BY THE GROUPS AND OIL CREDIT DEALS...

[JESTER] OTHERWISE THE US DOES NOT COME OUT OF THIS WITH ASSET BACKED ANYTHING....

[Dinar Chaser] JESTER Seems like the U.S. is running out of daylight to make it happen.

[Dinar Chaser] JESTER Is the asset-backed currency only going to be used between countries?

[JESTER] Dinar Chaser THE PARTY WILL NOT HAPPEN WITHOUT THEM... IT IS ALL PART OF IT..
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IQD CHAT, 31 DEC

BobS: 12/30/2017  "Mesopotamia" declares 4553 exchange transaction advances retirees Rafidain Bank, announced the disbursement of more than 4553 treatment advances of retirees amounting to three million dinars, noting that the text will be received by retired sms to phone number where notified of the approval of the grant of the advance message.

The Information Office of the Bank said in a statement received (range) a copy of which "it was more than a 4553 exchange transaction advances of retirees amounting to three million dinars."

He added that " the amount of the advance was raised to an electronic payment for Balmottagaad tools and therefore retired can withdraw money at any time or keep it in the monthly tally.
 ...
​"He explained that "the soft mechanism to see the inclusion of retired advance in by sending a text message to his phone number sms notified where the approval of the grant of the advance and set the date of receipt." Rafidain Bank announced on 23 November, the launch of advances of retirees amounting to three million dinars through its branches in Baghdad and the provinces.

BobS:  Kirkuk: Insurance of more than two billion dinars to extend nutritious Hawijah power line Kirkuk governor 's office announced the agency Rakan Saeed al - Jubouri, securing more than two billion dinars to extend nutritious Hawija southwest of the province electricity line, indicating that those amounts believe in the need to eliminate energy.

The office said in a statement, " The line of 132 kv nutritious Hawija had stopped working since 2014 due to the lack of financial allocations from the Ministry of Electricity and at a cost of up to two billion and 200 million dinars , which relates to the amount of implementation."

The statement added that " it was agreed with the Organization (undp) on the financing of the project and with the approval of the Ministry of Electricity needed so as to ensure the liberated areas and return to the light in which the affected areas deprived of electricity yes because of the terrorist Daesh gangs."

 The Hawija spend the current year has seen completely edited, organized by "Daesh" which caused the destructive occupation infrastructure to eliminate.

BobS:  Syria expects its exports to Iraq to two billion dollars He predicted the President of the Exporters ' Union in Syria , Mohammed tourists, his country 's rise in exports to Iraq to two billion dollars over the next year 2018, pointing out that the government is making great efforts to secure land routes for quick shipment.

Tourists said in remarks reported by the media and seen by Syria, "It is expected to increase Syrian exports to the Iraqi market in the next year, to the tune of $ 2 billion, while $ 8 billion before the year 2011".

The tourists added, " The government is making great efforts to secure land routes for quick shipment through coordination with the concerned authorities, as vehicles for these PDA roads does not take the hyphen from Damascus to Baghdad more than just 24 hours."

 China released the first batch of crude oil import quotas in 2018 A source familiar with and showed documents that China has issued quotas for the import of crude oil total volume reached 121.32 million tons for the benefit of 44 companies in the first batch of allocations for 2018. said , showed documents that Kim China state - owned won the largest share and volume of 16.67 million tons.

It is expected that Chinese imports recorded a new record high in 2018 with the start of production of new refining capacity at a time when Beijing will allow for more independent refineries to import crude.

Significant growth in the demand of these refineries to support crude prices in the global markets has helped. The equivalent of the total allocated to the first batch sizes of the quota 2.43 million barrels per day.

The Ministry of Commerce said in November it raised crude oil import quotas in 2018 , "the non - governmental companies" to 142.42 million tons. China overtook the United States this year to become the largest importer of crude oil in the world.

Spectra: ktfa -post- thanks ..Abadi responds to the masses cheered in his name: Sistani who came victory "video" 12/30/2017 9:23:23 AM (link to Youtube) BAGHDAD (Reuters) - Prime Minister Haidar al-Abadi responded on Saturday (December 30th, 2017) to the cheers of a crowd calling for his name during the critical Iraq Victory Festival, while the crowd called on the Supreme Leader Ali al-Sistani to be victorious.
​Al-Abbadi attended the "Critical Victory of Iraq" festival, organized by Al-Abbas Fighting Group, one of the popular groups.

"We will not allow the corrupt people to steal the money on the pretext of providing services," Abbadi said in a speech during the festival. "The corrupt people who seized the state funds caused the entry of an advocate for Iraq."

He called on citizens to "vote in the elections against the corrupt." He stressed, "continue to pursue terrorists everywhere in Iraq until the elimination of the last of their graves," calling for "the formation of popular committees to follow up and care for the families of martyrs."

On Saturday, the Prime Minister, General Commander of the Armed Forces, Haider al-Abadi announced the final victory over the organization of the terrorist advocate and the restoration of all Iraqi territory from his control.

BobS: China overtook the United States this year to become the largest importer of crude oil in the world.

Spectra: This year i thought they already had.

Spectra: ok ... Sounds like they will have to deal with more AIR pollution then .Like it is not already horrible..

BobS: The head of the gold saga in Kurdistan Qarman Jowhar, Saturday, that the gold market is witnessing a decline in the region due to poor financial conditions, explaining that the process of selling gold jewelry by citizens was much greater than buying during the current year, They were in debt and could not repay it.

"The process of selling gold and jewels by citizens was much greater than buying during the current year, explaining that the delay in payment of salaries, which forced many citizens to sell gold jewelry they have for their desperate need for money," adding that "most gold dealers and shop owners "The wording is suffering from the debt accumulated by the gold traders abroad, and could not repay them due to non-circulation and the decline of the market."
 "The import of gold from abroad stopped for about five months because of the paralysis of the local market, as well as the closure of airports and crossings."

On December 22, 2017, PUK MP Rizan Sheikh Delir warned of the "explosion of conditions" in Kurdistan, calling on the Kurdish parties not to rely on what she described as "external solutions" and respect for demonstrations that express the feeling of "Haider al-Abadi bears the responsibility of his people in Kurdistan and not leave them "a victim of contradictions of the political scene."

blackgold: Anyone whoever though China wasn't the biggest importer of oil can't be using his noodle. China has over a billion people, just by share size, they have more of everything than the US

xyz: Parliamentary Finance: This is the latest developments in the budget 2018 .. Jubouri waiting for Abadi!

https://translate.google.com/translate?u=http://baghdadtoday.news/news/29283/-

xyz: 12-30-2017 Newshound Guru Mnt Goat The ATM machines are NOT now dispensing any currency. They are live but dormant. The Rafidian bank did a ceremonial ribbon cutting on their part the other day. The three zero notes like the 5k, 10k or 25k notes (or higher) are not designated for these ATMSs. These are the notes being deleted and the banks do not want to infuse more of them back into circulation. So that leaves only the newer lower category notes. Right? And we know what must happen when they launch these notes. Right? [Part II: Post 1 of 2]

Acerginnala: Stuffs getting real in Iran:

https://www.zerohedge.com/news/2017-12-30/jihadist-group-blows-oil-pipeline-iran-midst-protests

tman23: @Acerginnala ............PERFECT TIME FOR an IRAQ CURRENCY RV........ would put enormous pressure on the Iranian regime and people would demand even more......... Always called for using RV to set up demonstrations in Iran.........NOW or NEVER !!

Acerginnala: I hope you are correct TMan23, something needs to be a cattle prod to force these clowns to move!

TheGifted: So anything special going on in our land of dinar?

Spectra: @TheGifted Nothing to exciting...

TheGifted: whqt was that Mountain guru post

Jo: That we know of..

Spectra: @Jo true! 
​TheGifted: goats post bs or accurate

Spectra: @TheGifted who knows it does not look like the Goat is selling currency so you determine!

chattels: [Ayna - Baghdad] considered the supreme religious authority that the political process failed to meet the aspirations of the Iraqi people and failed to achieve what they want, demanding all responsible bodies to correct errors and address failures at all levels.

http://www.alliraqnews.com/modules/news/article.php?storyid=69737

chattels: [Ayn-Baghdad] Foreign exchange markets in Baghdad, on Friday morning, a slight decline in the exchange rate of the dollar against the Iraqi dinar.

The price of the market on the Stock Exchange in Baghdad 1249.0 dinars per dollar, or 124 thousand and 900 dinars for one hundred dollars, and the exchange rate yesterday at 1250 dinars to the dollar.

http://www.alliraqnews.com/modules/news/article.php?storyid=69733

Spectra: Rothschild Controlled Media Outlet — ‘Get Ready for a World Currency by 2018’http://thefreethoughtproject.com/rothschild-currency-world-2018/

Spectra: http://thefreethoughtproject.com/rothschild-currency-world-2018/

mod: Fits > Flashback to 1988: “Get Ready For A World Currency by 2018″ – The Economist Magazine! BITCOIN? Crypto Currency / Coins?


Spectra: :yes:
 
IQD CHAT

KTFA UPDATE, 31 DEC

PappaJ:  IN THE WORDS OF FOG HORN LEG HORN ====== I SAY ,I SAY BOY JUST RELEASE THAT THING, YA FALLIN BEHIND!!!! LOL

2Berds:  2017 countdown and we are down to

We see Abadi on big screens.

We are waiting for Frank 26 video that has all of us sitting on the edge of our seats.(9pm est time tonight)  What did Abadi say - Will Frank tell us?

We are still waiting for two articles. We have been promised that they are on the way.

Hey Frank what is your heart rate today?
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Samson:  Abadi congratulates the New Year: The year of victory will remain immortal in the history of our people

12:10 - 31/12/2017 

Prime Minister Haider al-Abadi congratulated the Iraqi people on the occasion of the new year 2018, stressing that the year of victory (2017) will remain immortal in the history of our people.

"I extend my warmest congratulations and congratulations to our noble people, especially the Christians, and to all humanity on the occasion of the new Gregorian year," he said in a statement.

"We will continue to commemorate our people every year, and we look forward to working together to maintain victory and unity and to continue with the same vigor and determination to restore stability and reconstruction and to complete the return of displaced people to their homes," he said.

"The next year will be a year of good, peace and stability for the peoples of our region and the world at large, in which conflicts and wars will cease and the aspirations of humanity will be realized in a better future," he said.    LINK

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Samson:  Baghdad Municipality: The sky of the capital will witness fireworks fireworks cheer by the new year
 

31st December, 2017

Baghdad Municipality announced on Sunday that the sky of the capital will witness fireworks fireworks by the new year.

According to a statement of the Secretariat of the Tlgueth) Iraqi News Agency Information / INA ( that it "will be launched at 12 pm fireworks and colorful crackers in different parts of Baghdad, particularly the city of Baghdad by the Center to celebrate New Year 's Day."

In its statement, the Secretariat expressed its hope that "the coming year will be a year of good, peace and love for the Iraqis in general and for the Baghdadi in particular."   LINK

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Samson:  KURDISTAN PARLIAMENT CELEBRATES "GOOD NEWS" TO THE KURDS REGARDING THE "DISBURSEMENT OF ALL THEIR SALARIES"

 31st December, 2017

BAGHDAD / The Finance Committee of the Parliament of Kurdistan, on Saturday, the possession of information "important" and at the same time about the salaries of employees and retirees for 2018 in the region.

The Deputy Chairman of the Finance and Economy in the Parliament of the Territory, Ali Hama Saleh, in a statement, "There is good news for optimism about the payment of salaries of employees and retirees in the Kurdistan region".

Saleh added that "there is one obstacle to the agreement between Erbil and Baghdad in this regard," pointing out that "a review of the salaries of employees and retirees in Kurdistan are currently underway, in preparation for disbursement beginning in 2018".   LINK
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Samson:  The government begins the "financial management" law to pay salaries

 30th December, 2017

The parliamentary legal committee, "the government's intention to re-draft budget law next year without any amendment, noting that the government will start early next month, the law" financial management "to pay salaries.

The committee member Zana Said in a press statement followed by "Trend Press" on Saturday, "The government will work during the next month the financial management law for the purpose of paying salaries and running the financial affairs of the state not to ratify the budget proposal next year."

He added that "Prime Minister Haider Abadi stressed the possibility of an amendment to the major amendments to the budget because there is no material liquidity during the next year because of the continued decline in world oil prices."

"Said Said," The government will send the draft law as it is without any amendment to it, "noting that" This makes the Parliament to the first two options first read the draft first and then put the necessary adjustments or not to receive the budget and keep the government to act in fiscal year in accordance with the Financial Management  Law " .   LINK

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Samson:  Iraq leads Bahrain and Egypt in low public debt

08:55 - 31/12/2017 

Iraq provides a number of Arab and Gulf countries in a recent IMF statistics in the low ratio of public debt to GDP.

Iraq ranked 128th in the world by 63.8%, followed by Yemen at 156th in the world by 83.5%, and Bahrain ranked 163th globally by 90.6%.

Jordan ranked 165th in the world with 95.6%. Egypt ranked 169th globally, with 101.2%. Lebanon ranked 182th globally, with 152.3%.

Japan came in the forefront of the world in the increase in the size of public debt to the central government by the end of 2017, where the public debt ratio of 240.3% of GDP, followed by Greece by 180.1%, followed by Lebanon by 152.3%, and Italy by 133.0% Followed by Cabo Verde at 128.8%.

According to the IMF's GFSM, public debt is a cumulative balance of the government's total obligations to domestic and foreign lenders, which is created to cover the deficit resulting from the increase in government expenditure on public revenues. Government public debt is also defined as a balance of obligations with different time-scales accumulated from past government operations and with a scheduled repayment schedule.   LINK
Samson:  The low customs revenues of 2017 reveal "big corruption"

11:37 - 31/12/2017 

The Finance Committee in the House of Representatives, on Sunday, that the revenues generated by the Customs Authority during the current year 2017 amounted to less than half a billion dollars, confirming that this indicates "big corruption" in the body.

A member of the committee Haitham al-Jubouri said in a statement to the "Information", "It was expected to achieve customs revenues of 10-12 billion dollars, or nearly 15 trillion Iraqi dinars during the current year 2017," noting that "this is not commensurate with the size of movement Importation witnessed by the country. "

Jubouri added that "the revenues achieved were much lower than expected, amounting to only one billion dollars," pointing out that "this indicates a large corruption in the customs."    LINK

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Samson:  Iraq exports more than three million barrels of oil through its southern ports

 31st December, 2017

Iraq exported three million and 120,000 barrels of crude oil through its southern ports, a shipping source said on Sunday.

"The rate of pumping is one hundred and thirty thousand barrels of crude oil per hour," the source told Al-Ghad Press. "Two giant ships from Basra oil port and sea buoys are being completed."

The source added that "four ships are still anchored on the docks of oil ports and are currently loading," explaining that "the docking operations take off without any hindrance."   LINK

The Trade Bank Of Iraq: "We Achieved Early Successes", 31 DEC

Naomi:  Happy New Year Kona,
Trade Bank of Iraq:  Various banking services:

Trade bank of Iraq achieved early successes, like signing Framework Agreements with (26) international institutions to ensure exports. As well as it was one of the first Iraqi banks who received credit lines from reputable international banks, in spite of the absence of a credit rating to the State of Iraq, where the achievement in itself, is considered a great one for the Bank, added to the list of important and strategic achievements.

The banking operations carried out by Trade Bank of Iraq are compatible with the principles and international norms issued by the International Chamber of Commerce, and comply with the instructions and rules of anti-money laundering.

The bank witnessed, since it preceded its operations, a steady growth in the volume of its banking transactions, where the net profit reached up to USD 385 at the end of 2011.
....
The main activity of the Bank is financing foreign trade, where the amount of letters of credit issued by the TBI up to 31/12/2011 (15,559) billion US dollars, and letter of guarantee with an amount more than (3,313) billion US dollars.

To build on its early successes, TBI has started offering new banking services and products to the Iraqi market, including:

- Project financing

- Payroll system for companies' employees

- Visa and Master card Credit cards in two types:

Visa card: platinum & classic cards were introduced in addition to the golden card in US dollar.

Master card: a classical card was introduced.

- Establishing the first network of (ATM) distributed all over Iraq where it reached more than (75) machine.

- The bank issued visa credit cards for private banks sponsored by Trade Bank of Iraq.

- The bank commenced the spreading of point of sale (POS) machines for hotels and malls.

- In addition to being the first bank in Iraq, that adopts an electronic banking system which connotes the various banking operations of the Bank and all its branches to the global network, to provide the best and fastest banking services to various clients in multiple treaties.


The system provides a comprehensive service for banking operations, allowing the possibility of monitoring and follow-up on transaction data of all banking operations on a real time basis in one location.

Trade bank of Iraq is an effective tool to support the local banking sector, and of its priority the following of an upright approach to return the glimmer of this sector, to achieve a solid Iraqi economy.

From this sense the bank continous its support to for the institutions of local banking sector, whereas TBI where it was the first bank in Iraq that adopted the "working partnership" by issuing L / Cs to the public sector with private banks' sector.

The bank started since 2006 to allocate part of the governmental L / C to be issued directly by selective local banks according to specific standards including the financial position data for each bank and its correspondent banks network.

In addition, to the experience factor of each bank in issuing L / Cs. The bank also continued to help private sector banks in expanding the network of its correspondents in order to facilitate the importation of goods and services in addition to granting these banks maximum limits of promissory credit.

On the other hand, and within the bank's programs to support the government's initiative on revitalizing the private sector, TBI aimed to support this sector and expand its services to cover the needs of commercial financing, for bank customers from the private sector, and financing projects through granting banking facilities for the import of goods and services to Iraq.

And this has included major projects for the reconstruction and economic development in the infrastructure sectors, especially in the field of electric power such as Erbil project, to generate electric power in Kurdistan, which represents one of the most successful major projects the Bank has funded.

The bank also financed the manufacturing sector, such as Karbala Cement Plant, in addition to the housing sector such as BASMAYA residential Complex as well as tourism sector in the form of financing hotels projects.

We emphasize our full sponsorship for vital training programs, which their results contribute in the improvement and development of the Iraqi economy and the banking sector in Iraq. Which comes from the bank's commitment to the task of developing and modernizing Iraq's economy, according to the contemporary financial and banking approaches and programs, which will contribute to the achievement of what we're aiming for in this direction.

Training programs of financial and banking aspects in Iraq at this stage are considered as a real performer for the leader role of Trade Bank of Iraq that contributes to the development of the banking systems in Iraq.

Trade Bank of Iraq is committed to provide continuous training to its team for developing its performance, and improve its capabilities in light of evolving global banking. And is keen to set up training programs for the bank's staff in various fields of banking, in collaboration with the correspondent banks, especially the leading US and the European banks of excellent reputation in addition to Arabic Banks.

On the other hand, Trade Bank of Iraq is also keen on providing training sessions in the banking industry to the government ministries and departments on two directions:

- The first direction: the bank organized regular banking training courses where lectures have been given by highly experienced Bankers.

- The second direction: the bank organized, in cooperation with both JPMorgan Chase Bank and Citibank initiative, training programs for Iraqi ministries after the success that the intensifying training programs achieved in this field, which deal with the fundamental issues of the concepts of international trade and banking operations, according to an international standards, in addition to the involvement of the trainees in workshops and experimental analysis specifically prepared for the purpose of informing them of the latest developments in banking affairs and international trade.   LINK

https://tbi.com.iq/en/services