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The Recovery Of The Iraqi Dinar !


DinarThug
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3 hours ago, NEPatriotsFan1 said:

P.S. Thank you Abadi, supported by American and Iraqi Troops for liberating the ISIS group allowed to fester by Hillarious and O dumb dumb.... Ok ok rant over 

 

Do U Take Rant On Requests ...

 

:lmao:  :lmao:

 

3 hours ago, ChuckFinley said:

Thanks Thug, love those colors.

 

Knew U’d Be Diggin’ The Hammock Boy’s Brownie ‘Shrooms Dude ! :o 

 

:D  :D  :D 

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"Time" choose Abadi among the list of the top 100 influential
people in 2018

dfawertert.jpg 
 
2018-04-20 at 08:35  Addition to JJ's post

Time magazine has named Prime Minister Haider al-Abadi as one of the top 100 influential figures in 2018.

The Prime Minister's Office said in a statement received by Mawazine News that "Time magazine chose Prime Minister Haider al-Abadi as the best influential figure in the world in the 2018 classification," noting that "Time wrote a report on Abadi and face great difficulties when he received the presidency The ministers in September 2014 was the occupation of the preachers of three provinces and large areas of Iraq. "

"On June 10, 2014, the announcement of an organization calling for control of the city of Mosul, the second largest city of Iraq, was announced at this time when thousands of soldiers fled the Iraqi army to survive, and three years after the government took over, The hands of the Iraqi forces, which reorganized its structure by Abadi in order to liberate the city in the worst battles that took place within nine months. "

"Abadi, who personally chose the military generals to lead the battle, supervised himself and during his daily visit to the Joint Operations Command Room on the battles being waged in the field of war in the city of Mosul," the report said, adding that "Abadi, the leader who heads a nation and army, Mosul was aimed at liberating it for the purpose of bringing it back into the folds of the country.

"Abadi has faced the challenge of awakening the national feeling and belonging to the homeland through war on the preacher and remove the risk of sectarian bloodshed again in the country, and if he could achieve this, the victor will be Iraq."

It is noteworthy that the famous Time magazine, had described, on Friday (9 March 2018), Prime Minister Haider Abadi, the real leader who saved Iraq from the edge of the abyss, and put his picture on the cover President.

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An unprecedented drop in the dollar in Iraq


7414.jpg 

20th April, 2018

Foreign exchange markets in Baghdad, on Friday morning, an unprecedented drop in the dollar exchange rate against the Iraqi dinar

The market price in the Kifah Stock Exchange in Baghdad was 1200 dinars per dollar, or 120 thousand dinars for one hundred dollars
 
The prices of selling and buying dollars in banking companies were
the sale price of one dollar 1250 dinars, ie 120 dinars and 500 dinars, for one hundred dollars

The purchase price of the dollar is 1195 dinars, or 119 thousand and 500 dinars, for one hundred dollars, and this price is the lowest recorded by the currency markets for years in Iraq

Foreign Exchange Rates 
EUR World Price: 100 Euro = 123.35 
GBP World Price: 100 Pounds = 140.44 
Turkish Lira. World Price: $ 100 = 407.80 Turkish Lira
. Gold Ounce Rate (28 grams) Worldwide = $ 1343.80

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The Central Bank Concludes The Auction By Selling More Than 185 Million Dollars

IRAQI ECONOMY

45c552fca620ba374dede4218813f4ad?s=26&d= On April 19, 2018   

 

Central-Bank-of-Iraq-2-1-750x430.jpg

 

Baghdad - conscious 
The Central Bank of Iraq closed the auction of selling the currency for this week by selling more than 185 million dollars
 
"The amount sold today is 185 million, 400 thousand and 55 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 35 banks and 3 companies for financial transfer," a statement from the bank said. 
The statement said that "the sale of amounts transferred to the accounts of banks abroad, as well as selling cash was priced at 1190 dinars per dollar.

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Abadi promises the Iraqi people: We will achieve reconstruction in record time

Abadi promises the Iraqi people: We will achieve reconstruction in record timedfwretrter.jpg

 

2018/4/20 14:06

Prime Minister Haider al-Abbadi promised the Iraqi people that Iraq's reconstruction campaign would be "on record".


"The second victory will be achieved by reconstruction, construction, services, investment, job creation and economic welfare, and there are those who say that it will take a long time, but it is going to happen," Abadi said during a gathering of tribes and clans in the province of Maysan. They said that our war on the preacher will be long and we have won by a record time, we will achieve the second victory also record. " 

"In the reconstruction campaign there is one enemy, corruption, we must unite in the campaign of reconstruction and fighting corruption," Abbadi said, adding that "the corrupt people who were terrifying people are terrified."  "We will continue to pursue gangs that support and crush terrorists," he said, adding that "yesterday we were ordered to defeat our air forces by launching an air strike in Syria against terrorist gangs."

He pointed out that "Iraq is leading the campaign against terrorism in the world, and he achieved a miracle by all standards, victory over the urging of a period of time did not expect everyone." 

Al-Abbadi added that "Iraq was in danger of my presence and was able to address and triumph. This victory was not without cost because we paid the cost, where we provided victims when entering the Daash and made sacrifices in the liberation."  "We want to complete the path of victory," he said. "But calls for the partition of the country have emerged, but Iraq is stronger and more united than before."


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Abadi: The corrupt after they terrified people became terrified


14:28 - 20/04/2018
 
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Prime Minister Haider al-Abadi said on Friday that in the campaign of reconstruction there is one enemy is "corruption," pointing out that the corrupt after they were terrifying people have become "terrified."

"Yesterday we were instructed to cancel our air forces by launching an air strike in Syria against the terrorist gangs," Abadi said in a statement issued after attending a gathering of tribes and clans of Maysan province and received a copy of it. "He said.

He pointed out that "Iraq is leading the campaign against terrorism in the world, and he achieved a miracle by all standards, victory over the urging of a period of time did not expect everyone."

"The victory was achieved thanks to the sacrifice of our heroes and the fatwa of His Eminence Mr. Ali al-Sistani," he added. "Iraq has been at risk of my existence and it has been able to confront and triumph. This victory was not without cost because we paid the cost.

"We want to complete the path of victory. There have been calls for partition of the country, but Iraq has returned stronger and more united than before.

Al-Abbadi said that the second victory will be achieved by reconstruction, construction, services, investment, job creation and economic welfare. Some say it will be long, but as they said that our war on the da'id will be long and we have won it in record time, we will also achieve the second victory.

He explained that in the campaign of reconstruction there is one enemy is corruption and we must unite in the campaign of reconstruction and fight corruption, stressing that the corrupt after they were terrifying people became terrified.

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9 hours ago, DinarThug said:
 

LINK

"Time" choose Abadi among the list of the top 100 influential
people in 2018

dfawertert.jpg 
 
2018-04-20 at 08:35  Addition to JJ's post

Time magazine has named Prime Minister Haider al-Abadi as one of the top 100 influential figures in 2018.

The Prime Minister's Office said in a statement received by Mawazine News that "Time magazine chose Prime Minister Haider al-Abadi as the best influential figure in the world in the 2018 classification," noting that "Time wrote a report on Abadi and face great difficulties when he received the presidency The ministers in September 2014 was the occupation of the preachers of three provinces and large areas of Iraq. "

"On June 10, 2014, the announcement of an organization calling for control of the city of Mosul, the second largest city of Iraq, was announced at this time when thousands of soldiers fled the Iraqi army to survive, and three years after the government took over, The hands of the Iraqi forces, which reorganized its structure by Abadi in order to liberate the city in the worst battles that took place within nine months. "

"Abadi, who personally chose the military generals to lead the battle, supervised himself and during his daily visit to the Joint Operations Command Room on the battles being waged in the field of war in the city of Mosul," the report said, adding that "Abadi, the leader who heads a nation and army, Mosul was aimed at liberating it for the purpose of bringing it back into the folds of the country.

"Abadi has faced the challenge of awakening the national feeling and belonging to the homeland through war on the preacher and remove the risk of sectarian bloodshed again in the country, and if he could achieve this, the victor will be Iraq."

It is noteworthy that the famous Time magazine, had described, on Friday (9 March 2018), Prime Minister Haider Abadi, the real leader who saved Iraq from the edge of the abyss, and put his picture on the cover President.

I hope he secures a second term.  

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9 minutes ago, DinarThug said:

The Central Bank Concludes The Auction By Selling More Than 185 Million Dollars

IRAQI ECONOMY

45c552fca620ba374dede4218813f4ad?s=26&d= On April 19, 2018   

 

Central-Bank-of-Iraq-2-1-750x430.jpg

 

Baghdad - conscious 
The Central Bank of Iraq closed the auction of selling the currency for this week by selling more than 185 million dollars
 
"The amount sold today is 185 million, 400 thousand and 55 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 35 banks and 3 companies for financial transfer," a statement from the bank said. 
The statement said that "the sale of amounts transferred to the accounts of banks abroad, as well as selling cash was priced at 1190 dinars per dollar.

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Slowly but surely the dinar is gain strength. 

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If they’re going to “ achieve reconstruction in record time “ Iraq better launch the IQD IN “ RECORD TIME “  . . . NOW I must ask for the Iraqi definition of what “ Record Time “ really is.

 

No doubt we’ll be adding this phrase to the File with “ in the coming days “ if you catch my drift.

Edited by 10 YEARS LATER
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Dr..Abdul-Hussain Jalil Al-Ghalibi *: Choosing the appropriate drainage system for the Iraqi dinar under the double shock

POSTED ON 20/04/2018

مدخل يعتمد اختيار نظام الصرف على طبيعة البيئة الاقتصادية للبلد المعني والمحيط الدولي وشركائه التجاريين والماليين.  إن البيئة الاقتصادية المستقرة تملي نوعا من انظمة الصرف يختلف عن ذلك الذي يتم […]

 

entrance
The choice of the drainage system depends on the nature of the economic environment of the country concerned, the international environment and its commercial and financial partners. A stable economic environment dictates a kind of exchange system that is different from that adopted in conditions of instability and the economy is exposed to internal shocks, whether monetary (nominal) or real or external shocks or both. The following summarizes the indicators used to determine the exchange system in both cases.
 
First, selecting the exchange system in a stable economic environment

 

The drainage system can be selected under conditions of stability based on the following indicators:

 

To continue reading please download a simple PDF printable file. Click the link below

Abdulhussain Al-Ghalbi - Selection of the Exchange System of the Iraqi Dinar - Editor

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>>>>>>>>>>>>>>>>>>>>>>>>>>>

 

 

Dr.. Abd al-Husseini: Choosing a system that is dominant is the shock
 J
 The appropriate exchange for the dinar of dual Iraq
 
 
Entrance The selection of the drainage system depends on the nature of the economic environment of the country concerned, the international environment and its commercial and financial partners. A stable economic environment dictates a type of exchange system that differs from that adopted in non-convergence conditions and the economy is exposed to internal shocks, whether monetary (nominal) or real or external shocks or both. The following summarizes the indicators used in determining the drainage system in both cases.
 
First, selecting the exchange system in a stable economic environment
 
The drainage system can be selected under the screening conditions based on the following indicators:
 
1. Economic openness: Countries that are open to the outside world are low. External balance will cost them more than giving them the flexibility to link their monetary policy to their currency rather than stability. Therefore, it is better for them to adopt a flexible exchange system than the fixed exchange system. If the country is characterized by a high degree of openness, it is bound by it.

2.Only countries with higher domestic inflation rates than in their counterparts in the trading partner countries should adopt a flexible exchange arrangement to adopt fixed arrangements if inflation rates are lower than their trading partners. 

3. The size of the economy: It is preferable to introduce a flexible price system for large and diversified economies , whose various sectors constitute markets for each other, thus reducing their dependence on the outside. Smaller, more diversified economies are expected to depend on the choice of fixed exchange arrangements as counterparties to external markets and their high degree of openness.

4. Regional integration and degree of concentration in trade: The further economic integration among the international regional groups has helped to stabilize the exchange rates of countries.The Optimal Currency is based on the theory of the optimal currency area. The integration of domestic and international financial markets leads to intervention arrangements in the exchange rate without leaving it fully flexible to limit the exchange rate from the desired level. 

5. International reserves: The need for international reserves under the flexible exchange rate arrangements does not seem to be urgent because the differences in international payments will be corrected by the exchange rate, as opposed to the correction method under the fixed-exchange system that requires the use of international reserves. The size of the reserves is linked to the price fluctuation between the trade exchange rate. There is a need for a kind of barter in reserves and the cost of non-exchange rate exchange. The float selection process is also an indication that there is no need to borrow the exchange rate.

6. Labor mobility: The more employment is characterized by cross-border mobility, prices and wages  are less flexible to the downside, so flexible exchange rate arrangements are preferable to fixed arrangements. 

7. Movement of capital: The freedom of movement of capital between countries makes it difficult for the monetary authority to maintain a stable and stable exchange system because it will be a target for speculators.

8. Monetary authorities' preferences: The degree of freedom desired by the authorities for the economy determines the disbursement arrangements adopted. If the authorities prefer to increase their power in the field of economic policy, they must choose flexible disbursement arrangements to ensure the external balance that will be the function of the exchange rate policy.
 
Selection of the drainage system under economic shocks (unstable economic environment)
 
If the economy is exposed to economic shocks, the previous criteria, which are used as the basis for the selection of the exchange system, are not feasible in determining the proper drainage system and should be directed to another mechanism that can be used to choose the system. This new mechanism depends on the shocks that the economy is experiencing, :
 
1 : If the economy is Internal Monetary Shocks. Internal monetary shocks exposed to monetary shocks, interest rates will change. For example, if the shock is expansionary, interest rates will fall below global levels, pushing capital and the central bank to buy. The payments in the balance will cause a deficit to escape abroad to keep the exchange rate. Thus liquidity will decrease and the level of money supply will return to what it was. The price shows that the impact of the shock, domestic interest is equal to the global Cash is transitory and non-negotiable. If the exchange rate is flexible, the deficit in the balance of payments resulting from the outflow of capital due to lower domestic interest rates will lead to an increase (the depreciation of the current account) and thus stimulate and stimulate employment and income. The process must continue to expand income so as to generate income and employment. A new balance, ie, the monetary shock has caused instability: the expansionary financial shock. 

2 . The real internal shocks will raise the interest rate from its equilibrium level of the global price, which allows the inflow of capital inward and result in a surplus in the balance of payments, which calls for the Central Bank to sell its currency in order to maintain the fixed exchange rate, which increases the liquidity and thus leads to an increase in income and employment And not to be confused with the stability of the exchange rate.

3 : Excluding the impact of external shocks. External shocks  requires a system of exchange is flexible enough to isolate the impact of these shocks from the local economy, otherwise, the fixed exchange system will transfer the impact of these shocks towards the local economy as a safe channel on transport while the flexible exchange rate stands and changes in order to drive the impact or a large part of the economy the local.
 
The choice of an appropriate drainage system for the urban economy 2 The fact that the Aramean economy enjoyed some type of resource pooling (oil revenues) in the period prior to 104 made the monetary authority encouraged by the adoption of a system of exchange that is close to stability in its general direction, but this situation is unacceptable. The ambiguity of the ambient environment and the exposure to the double-shock in 2014 in Double Shock have been a double shock in the barbaric barbaric attack led by the terrorist gangs and their takeover of the country, as well as the negative oil shock that was looming in the horizon.

High. As is well known, the financial shock of the government generates a real shock, and the decline of 2015 oil prices generated another real shock on the other. Iraq entered a year of severe double shock dictated by the commitment to move towards flexibility in exchange rates. Moreover, international reserves should not be exhausted in the defense of the exchange rate, which is part of the fixed arrangements and must be shortened in their use, Thus, the use of the above-mentioned and reliable indicators in the selection of the drainage system in the context of inventory is of no use and can not be relied upon under the control of shocks to the economy. The situation therefore necessitates leaving the fixed arrangements for disbursement and the orientation towards flexibility using the exchange arrangements that are eventually crawling and converging on the exchange rate managed more than the intervention of the central bank. Near the free market in which the role
 
In addition to this, there are many Almazia, which can enjoy their preferences under the protection of the flexible: the economy of the Arab
 
1.. Maintaining foreign reserves at the Central Bank.
2• Expanding the effectiveness of monetary policy in addressing economic problems rather than focusing its attention on the exchange rate.
3. Raising the exchange rate (devaluation) contributes to the financing of the general budget of the government.
4. Especially non-essential ones, which are usually flexible in their response and reduce the stability of exchange rate fluctuations with the tendency to support those important imports which are necessary from the community point of view. 5. Enhancing the competitiveness of local exports, even if they are few and limited.

6. Reducing the flight of capital and converting it abroad, as the cost of conversion will become high, which may be forced owners to invest at home.
7. Address external shocks because of its preferences in this field. 
8. Elimination of speculations and manipulations of foreign currency.
9. The elimination of multiple exchange rates (official and parallel) and acceptance of one price is the market price
10. Encouraging foreign direct investment to enter local projects for lower construction costs compared to costs abroad. . 11. Rationalization of consumption, especially complementary and non-essential goods  due to higher prices in the internal market.
12. Inflation is an indirect tax. 
13. Contribute to the promotion of small and medium-sized local enterprises and encourage them to produce large quantities. Importing a number to replace the local product instead of the importer, especially the goods produced by it, but because of the low exchange rate (dinar appreciation) These industries are turning their consumers abroad despite the quality of the local product sometimes. 

We, God willing, have another talk about what follows from the policy of successive reductions of the currencies of the countries of the neighboring countries of the region to the present day, or what is happening within the context of the policy of impoverishment of the neighbor. 

(*) Professor of Economics at the University of Kufa

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1 hour ago, 10 YEARS LATER said:

If they’re going to “ achieve reconstruction in record time “ Iraq better launch the IQD IN “ RECORD TIME “  . . . NOW I must ask for the Iraqi definition of what “ Record Time “ really is.

 

No doubt we’ll be adding this phrase to the File with “ in the coming days “ if you catch my drift.

 

I believe the Iraqi definition of “record time” is anything less than 100 years 😆

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Iraq to resume payment of compensation to Kuwait


GMT 17:53 2018 Friday, April 20

 

GENEVA : Iraqi authorities resumed compensation payments to Kuwait over Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved on Friday.

It is the first installment approved by the UN Compensation Commission since 2014, when payments were suspended after the "jihadists" seized large areas of Iraq.

The UN Security Council approved the formation of the commission in 1991, the year the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.

The committee decided to pay Baghdad $ 52.4 billion in compensation to individuals, companies, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.

The source of the funds is a tax imposed on the sale of oil and Iraqi oil derivatives.

With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.

Until it stops paying in 2014, Iraq has accepted the tax, but some still wonder if this is fair for a country struggling for its reconstruction after Saddam Hussein was toppled in a 2003 invasion.

http://elaph.com/Web/News/2018.....7%D8%B1%29

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1 hour ago, DinarThug said:

Iraq to resume payment of compensation to Kuwait


GMT 17:53 2018 Friday, April 20

 

GENEVA : Iraqi authorities resumed compensation payments to Kuwait over Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved on Friday.

It is the first installment approved by the UN Compensation Commission since 2014, when payments were suspended after the "jihadists" seized large areas of Iraq.

The UN Security Council approved the formation of the commission in 1991, the year the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.

The committee decided to pay Baghdad $ 52.4 billion in compensation to individuals, companies, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.

The source of the funds is a tax imposed on the sale of oil and Iraqi oil derivatives.

With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.

Until it stops paying in 2014, Iraq has accepted the tax, but some still wonder if this is fair for a country struggling for its reconstruction after Saddam Hussein was toppled in a 2003 invasion.

http://elaph.com/Web/News/2018.....7%D8%B1%29

 

This Story Is Now Starting To Be Picked Up By Multiple Outlets ...

 

Iraq 's economy resumes paying compensation for Saddam Hussein's invasion of Kuwait and that is the amount

http://www.shafaaq.com/ar/Ar_N.....99a71d8bf3

 

 

Iraq to resume payment of compensation to Kuwait

http://alforatnews.com/modules.....yid=163491[/b]

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1 hour ago, navira45 said:

Things are looking up...from bad notes n lower denoms to resumption of payment for compensation to Kuwait. Market rate is now almost same as the CBI rate...expect the change of rate when the market goes below the cbi rate. I stand by what i said in my previous posts...to expect rv before the financial inclusion.

I sure hope you’re right.... before the 27th would work just fine for me..... I can ✏️ it in my schedule :) 

 

🤞🏻🤞🏻🤞🏻

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