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SocalDinar

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SocalDinar last won the day on September 23 2015

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About SocalDinar

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  1. LOL. How you doing Botzwana.
  2. THE TIME IS NOW IRAQ! YOUR PEOPLE ARE STARVING! PUSH THE BUTTON! World Bank says poverty situation in Iraq has worsened Baxtiyar Goran | 3 hours ago Share share A camp for displaced Iraqis in Dibaga, Erbil, Kurdistan Region. (Photo: VOA/H.Murdock) Iraq World Bank Poverty A+AA- ERBIL (Kurdistan 24) – The World Bank has reported a decrease of the poverty situation in Iraq but said it expects an improvement in the country’s GDP growth in 2018. In a statement released on Monday, the World Bank said Iraq’s growth outlook is expected to improve as the country brings in investors for the post-Islamic State (IS) reconstruction and provide a secure environment for them. “Iraq’s growth outlook is expected to improve thanks to a more favorable security environment and the gradual pickup of investment for reconstruction,” it read. The World Bank said that despite the extension of the OPEC agreement until the end of 2018, the overall GDP growth in Iraq was projected to return to a positive 2.5 percent in 2018, and further increase in 2019 upon the end of the deal. The statement noted that the poverty rate was 22.5 percent in 2014 which was nearly a four percent increase compared to 2012. “Recent labor market statistics suggest further deterioration of the poverty situation,” the statement read. According to the World Bank, the unemployment rate is doubled in provinces most affected by the IS war and displacement (21.1 percent) in comparison to the rest of the governorates (11.2 percent). The statement noted that unemployment increased, especially for individuals from the poorest households, youth, and those in the prime working age, between 25 to 49-years-old. “Labor force participation rate of youth (ages 15-24) has dropped markedly since the onset of the crisis in 2014, from 32.5 percent to 27.4 percent,” the World Bank revealed. http://www.kurdistan24.net/en/news/19630dfa-56f0-4907-a748-cae50cf0a1fd
  3. Auctions are down 37% this month!!!! https://www.iraqinews.com/business-iraqi-dinar/central-bank-of-iraq-auctions-121787000-on-18-april-2018/ Central Bank of Iraq Auctions $121,787,000 on 18 April 2018 by Ibrahim KhalilApr 18, 2018, 10:45 am 51 SHARES ShareTweetRedditE-mail Report Ad Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 18 registered $121,787,000 in sales, a -11.08% volume decline from the US $136,965,000 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 17. The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 18 compared to the previous auction. Data for the April 18 auction was made public by CBI Announcement Number 3680. Dollar sales in the in the period January 1, 2018 to April 18, 2018 saw an increase of -1% compared to the sales of US $10.63 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion. An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to April 2018, sales of US dollars averaged US $1.85 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion. YEAR MONTH US DOLLAR SALES IN BILLIONS INCREASE/(DECREASE) COMPARED TO THE PREVIOUS MONTH 2017 January 2.2 – 2017 February 2 -9% 2017 March 2.1 5% 2017 April 1.8 -14% 2017 May 2.3 28% 2017 June 0.6 -74% 2017 July 2.2 267% 2017 August 2.1 -5% 2017 September 1 -52% 2017 October 2.2 120% 2017 November 1.9 -14% 2017 December 1.9 0% 2018 January 2.2 16% 2018 February 2 -9% 2018 March 1.9 -5% 2018 April 1.2 -37%
  4. New hope for Iraqi unity, stability, economic prosperity FAHRETTIN SÜMER Published17 hours ago An Iraqi fighter checks the severely damaged tomb of Iraqi dictator Saddam Hussein in his home village of al-Awja on the outskirts of Tikrit. It has been reduced to shattered concrete and tangled barbed wire with no trace of his remains. Iraq needs to improve its overall security and political environment in addition to strengthening rule of law and enforcement to ensure a prosperous and peaceful future Since the U.S. occupation of Iraq in 2003, the country could not fully stabilize and its future unity has been questioned. Following the occupation, Iraq was ruled with a temporary law, the Transitional Administrative Law (TAL), until a new constitution was adopted in October 2015. Since the constitution allowed for the establishment of regions, autonomous Iraqi Kurdistan, the roots of which go back to the 1990s, was formed by Irbil, Sulaymaniyah and Dahuk provinces joining together. Iraqi Kurdish leadership actively participated in the formation of the constitution the autonomy was accepted by all parties.The end of Saddam Hussein's authoritarian regime and the adoption of the new constitution created hope for a democratic and economically prosperous Iraq. The constitution created a parliamentary system where multiple parties compete for parliamentary seats. Several parliamentary elections have been held and the executive leadership, i.e., the president, prime minister and the cabinet were formed according to election results. Thus, the country has been operating within a democratic framework since 2005. Due to its majority Shiite population, several Shiite political parties have been dominating the Iraqi political scene, but none of them have had a parliamentary majority. Therefore, coalition governments formed by the Shiite Arab parties have been ruling the country since 2005. Former Prime Minister Nouri al-Maliki headed two coalition governments and Haider al-Abadi is currently serving as the prime minister of a current coalition government. Forming coalition governments in Iraq has not been easy since it has involved bargaining among various political groups, taking months to form after elections. The upcoming May 12 election is likely to create a parliamentary composition that will require the formation of a coalition government again. While prime ministers have been Shiite Arabs, the symbolic presidency has been filled by Kurdish politicians and the speaker of Iraqi parliament and a vice presidency have been allocated to Sunni Arabs. Kurds are represented in Iraqi political institutions and also have their own Kurdistan Regional Government (KRG) in Iraqi Kurdistan with its own parliament, prime minister and president. Despite its democratic institutions, there have been issues with the workings of the system. The Maliki period saw the arrests of some Sunni politicians, and terrorist violence in Baghdad and the surrounding areas negatively affected peace and stability. Ruling political elites have often been accused of ethnic and sectarian clientelism. The country's economic institutions have been weak and its public sector has not been efficient. Corruption, allegedly, has been rampant. The KRG and the Iraqi central government have been having disagreements over the division of powers between them, internal borders of the disputed territories, production and sale of oil in Iraqi Kurdistan and revenue sharing. Last year's Sept. 25 independence vote in Iraqi Kurdistan was conducted partially for domestic political gains by mobilizing Kurdish nationalism, but was partly a result of the unsettled disputes, with a hope of gaining a better bargaining position for the KRG in a future settlement. But the central government retook the city of Kirkuk and some other parts of the disputed territories that included several oil fields from the peshmerga, which had been divided along the party lines of the Kurdistan Democratic Party (KDP) that controls Irbil and Dohuk provinces and the Patriotic Union of Kurdistan (PUK) that controls Sulaymaniyah. Thus, a new de facto situation has been created along the disputed territories. While Iraq dealt with multiple problematic issues, Daesh, which originated from al-Qaida in Iraq, grew into a security threat in Syria and Iraq during 2012 to 2014. Capitalizing on the chaotic civil war in Syria and the unhappy Sunni population in Iraq, the terrorist organization took control of massive territory in a relatively short period of time. Many were taken by surprise when Daesh captured Iraq's second-largest city of Mosul in June 2014, which showed the weakness of the Iraqi security apparatus at the time. It took about three years for a strengthened Iraqi army to retake control of Mosul and the territories that fell under Daesh in Iraq. Parallel to the deteriorated security situation, the economic situation also deteriorated after 2014 in the whole of Iraq, but especially in Iraqi Kurdistan. Not only did foreign and domestic investment decline in the region, but also government spending substantially decreased to the extent that government employee salaries were not paid for long periods of time since Baghdad had cut off the KRG's 17 percent budget share due to disputes between them over oil production, sales and revenues from the Kurdish region. The future of Iraq after Daesh is defeated Now that Daesh is defeated, Iraqi security has improved in many locations and negotiations are ongoing between the KRG and the central government for settling disputes. Therefore, there are renewed hopes for a better future in the country. Moreover, the Iraqi government has increased its efforts for political and economic reforms, for attracting investment and for getting the economy on a path for growth. There has been international fundraising for supporting Iraq's reconstruction efforts and Turkey pledged the highest amount – $5 billion – as a loan and investment. However, the success of these renewed efforts depends on reconstruction of war-torn regions, reintegration of the provinces and their populaces who suffered under Daesh from 2014 to 2017, and solving the issues between the KRG and Baghdad. There are over 2 million internally displaced people (IDPs) who need the government's security guarantees and help with reconstruction of their homes and cities. In 2014, about one in five Iraqis were below the poverty line, and developments after 2014 have deteriorated the situation of the poor, especially in Daesh-occupied areas. This widespread poverty not only reduces the government's legitimacy, especially when the public believes that their leadership is corrupt, but also prepares an environment for extremist ideologies and tensions among different ethnic and religious segments of the country. Both the central and the KRG governments need to adopt people-oriented policies focusing on increasing the overall welfare level in the country. Long-lasting recession and unpaid salaries have frustrated many in the Kurdish region and have led to multiple protests, sometimes violent. The central government and the KRG need to pay the salaries as soon as possible. Aggregate demand has declined sharply in the region due to unpaid salaries, decreased investment and government spending. Therefore, the recovery of the region's economy depends on the payment of salaries, increase in government spending especially on public capital investment and creation of a stable and peaceful region for long-term investments.Iraq is an oil-rich country capable of increasing its oil revenue with more investment in production. Oil exports through Kirkuk pipeline to Turkey are expected to resume after necessary improvements to the pipeline. Such increased oil revenues can be used for reconstruction and infrastructure investments. However, in the long run, the country needs to reduce its high oil dependency by diversifying its economy. Currently, 90 percent of the Iraqi government's revenues come from oil. Such a high dependency creates big swings in government revenues year by year as they depend on oil prices. In fact, when oil prices declined around 50 percent in 2014, the country started to have significant budget deficits while its defense spending was increasing, and it had to borrow over $18 billion from the International Monetary Fund (IMF). Reduced public investment spending during this period weakened the overall economy. Improved infrastructure and public services will create a more conducive environment for economic growth. A better private investment environment needs to be created and diversification of the economy needs to be achieved in the long run. Moreover, the country's weak financial sector needs to be strengthened so that financial institutions can mediate between money savers and investors. In order to achieve its long-term economic goals, the country needs a stable political and security environment. Internally, the government needs to improve the overall security environment further. All illegitimate groups with weapons need to be taken under control. The country's legal system, rule of law and law enforcement need to be strengthened. Kurdish and Iraqi political leaders need to take steps to settle their disputes and develop trust and a stable, long-term relationship. Democratic political institutions as well as market-oriented economic institutions should continue to be improved. Both Baghdad and Irbil need to bring more transparency, accountability and efficiency to their public sectors. Externally, Baghdad and Irbil should continue to improve their economic and political relations with neighboring countries so that trade and long term investment can flourish. Secure and predictable economic and political environments will attract more foreign direct investment and strengthen domestic private investment. https://www.dailysabah.com/op-ed/2018/04/18/new-hope-for-iraqi-unity-stability-economic-prosperity
  5. No reason for me to apologize about these liberal pukes here. They suk and i know it. It was not always this way. I miss the days of Reagan and Pete Wilson. But i do find it puzzling that people will defend Iraqi's for who they really know nothing about besides what they read in news articles and then try to put down US citizens.
  6. Sorry. ..... I know we have to put up with the liberal pukes here but Ill take it since my properties have increased in value over 700% in 8 years.
  7. Sorry if i hurt your feelings. Never said they all felt that way. But My relatives who served there have one thing to say about Iraq and i cant repeat it here.
  8. CBI News 04/15/2018

    Where is the taxi driver story that we hear every year when they speak of torn notes.?
  9. So many hate us over there. No worries.... Cant say i like that child molesting part of the world. They can keep their oil and suck on it with a straw.
  10. Central Bank of Iraq Auctions $167,042,900 on 10 April 2018 lApr 10, 2018, 1:45 pm https://www.iraqinews.com/business-iraqi-dinar/central-bank-of-iraq-auctions-167042900-on-10-april-2018/ Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 10 registered $167,042,900 in sales, a -15.13% volume decline from the US $196,825,899 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 9. The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 10 compared to the previous auction. Data for the April 10 auction was made public by CBI Announcement Number 3674. Dollar sales in the in the period January 1, 2018 to April 10, 2018 saw an increase of -1% compared to the sales of US $9.77 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion. An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to April 2018, sales of US dollars averaged US $1.82 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion. YEAR MONTH US DOLLAR SALES IN BILLIONS INCREASE/(DECREASE) COMPARED TO THE PREVIOUS MONTH 2017 January 2.2 – 2017 February 2 -9% 2017 March 2.1 5% 2017 April 1.8 -14% 2017 May 2.3 28% 2017 June 0.6 -74% 2017 July 2.2 267% 2017 August 2.1 -5% 2017 September 1 -52% 2017 October 2.2 120% 2017 November 1.9 -14% 2017 December 1.9 0% 2018 January 2.2 16% 2018 February 2 -9% 2018 March 1.9 -5% 2018 April 0.7 -63%
  11. Been keeping busy with work Chuck. Not a whole bunch of extra time these days. Being swamped with work is a good problem to have LOL. Hope all is well with and your family you also.
  12. Central Bank of Iraq Auctions $196,825,899 on 09 April 2018 by Ibrahim KhalilApr 9, 2018, 1:45 pm http://dinarvets.com/forums/index.php?/forum/5-iraq-amp-dinar-related-news/&do=add 51 SHARES ShareTweetRedditE-mail Report Ad Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 9 registered $196,825,899 in sales, a 0.52% volume increase from the US $195,798,257 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 8. The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 9 compared to the previous auction. Data for the April 9 auction was made public by CBI Announcement Number 3673. Dollar sales in the in the period January 1, 2018 to April 9, 2018 saw an increase of -1% compared to the sales of US $9.63 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion. An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to April 2018, sales of US dollars averaged US $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion. YEAR MONTH US DOLLAR SALES IN BILLIONS INCREASE/(DECREASE) COMPARED TO THE PREVIOUS MONTH 2017 January 2.2 – 2017 February 2 -9% 2017 March 2.1 5% 2017 April 1.8 -14% 2017 May 2.3 28% 2017 June 0.6 -74% 2017 July 2.2 267% 2017 August 2.1 -5% 2017 September 1 -52% 2017 October 2.2 120% 2017 November 1.9 -14% 2017 December 1.9 0% 2018 January 2.2 16% 2018 February 2 -9% 2018 March 1.9 -5% 2018 April 0.6 -68%
  13. Readout of President Donald J. Trump’s Call with Prime Minister Haider Al-Abadi of Iraq FOREIGN POLICY Issued on: April 8, 2018 ALL NEWS Prime Minister Haider Al-Abadi of Iraq called to speak with President Donald J. Trump today. Prime Minister Abadi thanked President Trump for the decisive support of the United States in the fight against ISIS. The leaders also discussed accelerating the campaign to defeat remnants of ISIS and the need to work together to counter other threats in the region. They discussed the situation in Syria and the alarming reports of possible chemical attacks near Damascus. Finally, President Trump emphasized the importance of Iraqi unity in advance of the upcoming elections. https://www.whitehouse.gov/briefings-statements/readout-president-donald-j-trumps-call-prime-minister-haider-al-abadi-iraq-2/
  14. Central Bank of Iraq Auctions $154,898,864 on 04 April 2018 https://www.iraqinews.com/business-iraqi-dinar/central-bank-of-iraq-auctions-154898864-on-04-april-2018/ Report Ad Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 4 registered $154,898,864 in sales, a -7.26% volume decline from the US $167,024,550 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 3. The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on April 4 compared to the previous auction. Data for the April 4 auction was made public by CBI Announcement Number 3670. Dollar sales in the in the period January 1, 2018 to April 4, 2018 saw an increase of -1% compared to the sales of US $9.35 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion. An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to April 2018, sales of US dollars averaged US $1.79 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion. YEAR MONTH US DOLLAR SALES IN BILLIONS INCREASE/(DECREASE) COMPARED TO THE PREVIOUS MONTH 2017 January 2.2 – 2017 February 2 -9% 2017 March 2.1 5% 2017 April 1.8 -14% 2017 May 2.3 28% 2017 June 0.6 -74% 2017 July 2.2 267% 2017 August 2.1 -5% 2017 September 1 -52% 2017 October 2.2 120% 2017 November 1.9 -14% 2017 December 1.9 0% 2018 January 2.2 16% 2018 February 2 -9% 2018 March 1.9 -5% 2018 April 0.3 -84%
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