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Sunday 19 November 2017 01:52 PM| Number of readings: 145 Expert: The parties have placed a "politicized governor" of the central bank to intervene in his policies BAGHDAD / The economic expert Salam Samisem said on Sunday that the political parties put a political governor of the Central Bank to ensure the benefit of the bank and to intervene in its policies, while pointing out that the central bank must be completely independent and build its economic policy on the basis of science and before Owners exclusively. "The political parties have put a conservative governor of the Central Bank to take care to take advantage of the bank and intervene in its policies," she said. "The former central bank governor Sinan al-Shabibi was removed from his post because he was rejecting and preventing the interference of political parties. The policies of the bank as it was independent without political affiliation. " The economic expert said that "the political blocs benefit from their interventions in the Central Bank, such as benefit from the sale of foreign currency and other things," stressing that "the Central Bank must be fully independent and to build its economic policy on the basis of scientific and by specialists exclusively without interference Political. " Earlier, Samisem confirmed that the central bank's foreign currency reserves had declined by one third due to several factors. She pointed out that many economists had warned against the danger of dependence on cash out of the monetary reserve, which represents the most important guarantee of financial stability and support the currency. Of the country. On February 20, 2017, the central bank governor Ali Al-Alak mentioned that Iraq had surpassed the biggest financial challenges it faced last year, adding that it also managed to maintain an acceptable level of cash reserves. Finished 2

Welcome to Iraq Finance 2018 (Browse website) January 2018, Baghdad, Iraq 2018 a decisive year for Iraq’s strategic efforts to sustain economic progress and develop new financing opportunities. Huge investments are flooding in to rebuild the badly damaged infrastructure of the country. Long-awaited structural and administrative reforms have now been implemented, revealing the immense investment potential in an economy poised for expansion. Iraq’s government is committed to continuing this prosperous path by providing security and promoting transparency. Iraq is opening up for privatisation and is offering new opportunities for foreign direct investment across the industries. In particular, the country is seeking international partners to modernise its financial services infrastructure. Being less dependent on oil revenues, Iraq continues to seek new partnerships to address a number of urgent fiscal and political issues and fund numerous multi-billion dollar O&G, electricity and transportation projects. Connecting Iraq with global decision-makers, Iraq Finance 2018 is an event too important to miss. Under the Patronage of H.E Ali al-Allaq, Governor of the Central Bank of Iraq, Iraq Finance 2018 will gather key Iraqi officials, over 200 international investors, global corporate leaders, bankers, financial and legal professionals, as well as the most influential personalities on the banking sector in the region, in a way that no other event can. Iraq Finance 2018 gathers all major stakeholders involved in directing the economic development of Iraq. Make sure you don’t miss out

GM, Yota. Light speed from here till January. Thanks.

Comment By Don961 ... Maliki got rid of DRS because he refused to go along and insisted on being independent ... no doubt M and his minions have reaped huge wealth by having their man at the helm of the CBI ... Many GOI members and others in leadership either own banks /money changers / import companies ... or have an affiliation with them ... so manipulating the currency auction became an art form to see who could pilfer the most .... Alak says they need the auctions to provide USDs to do commerce with other countries and businesses outside Iraq .. to pay for imports ... during M's time , Iraq's agriculture , industry , and businesses were stifled .. why ? .... because even though Iraqis desperately needed work and are perfectly capable of producing superior products for themselves , he preferred importing food ,building materials and other goods from Iran and others outside Iraq ... often inferior goods were dumped on Iraq or even fake invoices were created that delivered nothing of value ... fake or bogus companies were set up to bleed currency from the CBI .... was/is Alak complicit with all this ? ... don't know .. but he was appointed by Maliki ... we'll have to see how rapidly this all gets sorted out in Abadi's war on corruption ... imo from many articles posted from the Iraqi press

The First Amendment to the Amnesty Law was published in the Iraqi Gazette Localities 14:56 Last updated The time now is 03:03 PM 187 Watch BAGHDAD / The Justice Ministry announced on Sunday the issuance of a new number of Iraqi facts, which included a number of laws passed by the House of Representatives and ratified by the Presidency of the Republic. The ministry said in a statement received by "Al-Ghad Press" a copy of it, "The new issue of the Iraqi fact sheet No. (4469), which included a number of laws and statements approved by the House of Representatives and ratified by the Presidency of the Republic." "The number (4469) included the law of the Iraqi Authority for the adoption of No. (78) for the year 2017, and the law regulating the commercial agency No. (79) for the year 2017." She added that "the number also included Law No. (80) for the year 2017 law of the first amendment to the law of general amnesty No. (27) for the year 2016, in addition to the list of financial position and the comprehensive income statement of the Central Bank of Iraq on 31/12/2016 and a statement issued by the Presidency of the Office of the Presidency "He said.

Luigi says... According to some guru...the CBI law is now official...in Gazette. Treat as a rumor until varified by multiple sources. Not varified. Your opine. 11-19-2017 Newshound/Intel Guru xxxx... Article: "AMENDMENTS TO THE LAW OF THE CENTRAL BANK OF IRAQ ISSUED ORDER NO. (56) POSTED IN GAZETTE" ...now that Iraq is moving to another chapter in is monetary policy the old policies of the CBI needed to be updated to fit (coincide with) the new monetary direction. This is all this amendment is doing and was a necessity. Is is very significant as we can see them lining up once again for the new monetary reforms, which will eventually lead to the reinstatement of the currency.

The current governor is doing an outstanding job, he's working together with Shabibi's right hand man ( Saleh) Saleh is Abadi's financial adviser. Go CBI Go new monetary policy Go RV Go 2018

Within includes next week. Don't sweat it.

My Favorite Animal Our teacher asked what my favorite animal was, and I said, "Fried chicken." She said I wasn't funny, but she couldn't have been right, because everyone else laughed. My parents told me to always tell the truth. I did. Fried chicken is my favorite animal. I told my dad what happened, and he said my teacher was probably a member of PETA. He said they love animals very much. I do, too. Especially chicken, pork and beef. Anyway, my teacher sent me to the principal's office. I told him what happened, and he laughed, too. Then he told me not to do it again. The next day in class my teacher asked me what my favorite live animal was. I told her it was chicken. She asked me why, so I told her it was because you could make them into fried chicken. She sent me back to the principal's office. He laughed, and told me not to do it again. I don't understand. My parents taught me to be honest, but my teacher doesn't like it when I am. Today, my teacher asked me to tell her what famous person I admired most. I told her, "Colonel Sanders." Guess where I am now...

You tell them Mr. Masum !!!! Go article 140 !!!!!!

More of what Iraq has to offer . Apart from possessing one of the largest oil reserves in the world, Iraq is also considered to gain enormous recognition for the production of gold in the near future. With a faint history of gold mining in Iraq, the government of Iraq foresees a developing economy in the country with the recent discoveries of gold reserves found in the Western Desert, Kurdistan and in the Aldajh area of Iraq. With such large quantities of gold found and with future prospects in gold mining, gold production value could someday rival the value of oil produced. http://raregoldnuggets.com/?p=1709

Some of what Iraq has to offer the world . In 2001, Iraq produced hydraulic cement, nitrogen, phosphate rock (from the Akashat open-pit mine), salt, and native Frasch sulfur (from underground deposits at Mishraq, on the Tigris River, south of Mosul), as well as clay, gypsum, lime, limestone, industrial sand (glass or silica), sand, gravel, and stone. Iraq’s mineral resources are some of the most exciting and profitable in the world and – due to the turmoil of the past decades – largely untapped. The second largest reserves of phosphate rock are in Iraq next to huge quantities of natural sulphur, limestone and quartz-sand of 98-99% purity. Especially for the fertilizer and cement industries Iraq is a place of nearly unlimited potentials. http://www.iraqmining.com/index.php/minerals-materials

Great news for sure DT ! Right on track according to the WTO statistics on war torn countries. Our wait is getting closer to a finale everyday ! Go DV ! Go RV !

CNN. Broadcasting With Oven Mitts - Hot Off The Presses ! Dannair publishes the Second Amendment Law to the Central Bank of Iraq Law Updated 16/11/2017 3:00 pm Baghdad / Dinar / .. The voice of the House of Representatives on the law of the Central Bank of Iraq issued Order No. (56) for 2004 on the Coalition Provisional Authority (dissolved) .. The following is the text of the law In the name of the people Presidency On the basis of what was approved by the House of Representatives and ratified by the President of the Republic based on the provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution The following law was issued: No. (2017) Law The second amendment to the law of the Central Bank of Iraq issued by order No. (56) of 2004 on the Coalition Provisional Authority (dissolved) Article (1) Article (5) of the Central Bank of Iraq Law issued by Order No. (56) of 2004 on the Coalition Provisional Authority (dissolved) shall be repealed and replaced by the following: 1 The capital of the Central Bank of Iraq (1 trillion) one trillion dinars owned by the state in full. Article 2 Add the following to Article (10) of the Law and paragraph (3) have: 3. The Board shall consist of (3) non-staff members of the Bank who possess the educational qualifications and practical experience in the fields of financial management, accounting, law and economics. The Board shall organize its functions and procedures according to the international standards and best practices of the Central Banks and issued by the Governor. Article 3 Articles (c) and (d) of Article (11) of the Law shall be canceled and replaced by the following: C is one of the bank's general managers. D. Five members from outside the Central Bank of Iraq with experience and competence in financial, banking or legal affairs. Article 4 The text of Article (27) of the Law shall be repealed and replaced with the following: Article 27 1. The Central Bank of Iraq shall hold transactions on foreign assets and shall manage the official reserve of foreign currency of the State in accordance with international best practices and monetary policy objectives. The Council may invest such reserves in any of the following assets or in all: A golden cash in the coffers of the Central Bank of Iraq. Foreign monetary and mineral currencies which are normally used in the performance of international accounts held by the Central Bank of Iraq or for its own account. C) Credit balances are payable on demand or payable short-term in foreign exchange, which is normally used for the performance of international accounts maintained by the CBI in its accounts or those invested through repurchase and repurchase agreements and fixed fixed term deposits. Special Drawing Rights available to the Iraq Account at the International Monetary Fund. (E) Investment instruments available at the International Monetary Fund. And any securities of negotiable debt issued by or in full confidence and dependence of foreign governments, central banks, international financial institutions and foreign local authorities and agencies, which are paid in foreign currencies, which are normally used in the performance of international accounts held by the Central Bank of Iraq or for its own account. 2. The Bank may use derivatives in investment portfolios as a hedging instrument. Article (5) The following shall be added to Article (30) of the Law and shall have: C) The loan granted to the Bank for interest determined by the Bank in accordance with market requirements. Article 6 Add the following to article (33) of the law and paragraph (6) have: 6 The Central Bank of Iraq issue non-negotiable commemorative coins. Article 7 The text of paragraph (2) of Article (48) of the Law shall be repealed and replaced with the following: 2. The Central Bank of Iraq shall choose an international company to carry out the functions of external audit and financial auditing for a period of five (5) years, and may not be repeated for a consecutive period of more than 10 years. Article 8 The text of Article (72) of the Law shall be repealed and replaced with the following: Article 72 The seizure of CBI funds, including gold, special drawing rights, cash, credits, deposits, securities or any revenues of the Central Bank of Iraq, may not be made. Article 9 The words "securities" shall replace the words "bonds and treasury bills", wherever they are mentioned in the law. Article 10 The text of paragraph (n) of Article (16) of the Law shall be repealed and replaced by the following: N- Approve the rules of procedure, guidelines and rules of the Bank and its functions in managing and managing its operations, and determining the organizational structure of the Central Bank of Iraq, including the location of branches of the Central Bank of Iraq and the abolition and development of the General Directorate. Article 11 This Law shall be implemented from the date of its publication in the Official Gazette. Positive reasons To increase the capital of the Central Bank of Iraq and to keep abreast of the global economic development and grant powers to the bank and increase the number of members of the Board of Directors of the bank from outside the bank and the formation of the Audit Committee and the issuance of commemorative coins and the imposition of interest on loans granted by the bank to commercial banks and the preservation of funds from the bookings issued by judicial decisions. (End) 22 / link

The National Committee for the accession of Iraq to the WTO discusses ways to support Iraq to complete the files of accession November 19, 2017 The Ministry of Commerce announced that the delegation of the National Committee of Iraq’s accession to the World Trade Organization WTO discussed ways to support Iraq to complete the files of joining the World Trade Organization with representatives of Arab countries at the headquarters of the Arab League in Geneva This was confirmed by Director General of the Department of External Relations Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq’s accession to the World Trade Organization, adding that these discussions were to provide a clear explanation of the process of Iraq’s accession and the achievements in this area of legislation and specific legal obligations and detailed reforms In the institutions, practices and economic policies required by Iraq’s accession to the World Trade Organization and to be part of the international economic system. For their part, the representatives of the Arab countries expressed their full support for Iraq in this field. The Saudi ambassador explained that he will do all in his power to mobilize international support for Iraq. The Egyptian and Omani ambassadors have indicated that they are ready to provide all the assistance requested by Iraq, And Oman will be at the disposal of Iraq in all it needs to complete the process of accession to the World Trade Organization. http://en.economiciraq.com/201.....accession/

Well, the central bank have two options 1- continue with the currency auctions and deplete the hard currency reserve in the long run. or 2- remove exchange control, stop MCP and give real market value to the dinar Go end exchange control Go end MCP Go RV

Who cares how old he is if all he needs is three days??? LOL

if shabbibi does comeback its very encouraging news he is a man who wants good for Iraq........I want off this ride asap please let it be soon with lots of MOOLA

Its a Story I'm telling w/o words do you get it +1

Good morning, Wiljor! Yes it is! Try a Mimosa. Maybe that will cheer you up! 😄😄 It’s coming soon! Hang in there Starrider!

The Gazette is actually in printed hard copy format it can take some time to actually get it on the website. .

Good morning Gents, this is great news Thanks Yota

Karsten

And that's why I truly love you my dearest sweetheart.

Looks like Moose was part of a diliquent gang as a kid...good thing he’s got his Mrs. to keep him outta trouble these days!

Looks like a BIG DEAL to me!!! Pretty sure they didn't all meet to exchange falafel recipes!!! Exchange rates, maybe???!!! Go Moola Nova!

Take a knee in front of this Marine and I promise you will not be getting up anytime soon. It's time to throw caution to the wind and start kicking stupid peoples AZZ.

Everyone's asking the same thing.....Where's Bac Doc ????? BackDoc is a very knowledgable researcher. A christian man, a very decent man, kind and very respectful. He was a member at KTFA . It's my understanding that Frank silenced him. Frank doesn't like competition or anyone stealing his thunder.Back Doc was getting too much attention and had a better handle on what was going on. People where turning to him for comments and advice. So out of respect for Frank he stopped talking which is a shame cause the man is smart. Not only does he understand the dinar but how the world currencies game is played.The strategies that take place and how they effect the changes. He's way ahead of the game and Frank found him threatening . Frank's an Ahole, self centered, egotistic, drama queen who needs to be front and center or else. It;s a shame cause we need more Bac Docs in the dinar community sharing what they know.

The Iraqi president: the referendum of Kurdistan is over Twilight News 59 minutes ago The Iraqi president, Fuad Masum, said on Sunday that the referendum held by the Kurdistan Region of Iraq on 25 September last, has ended, pointing out that Baghdad and Erbil are currently engaged in what he called a peaceful dialogue to resolve all existing problems, including many file ports Border border. This came in an interview published by the official agency "KUNA" Kuwaiti, before the Iraqi president's visit to Kuwait on Monday, during which the official talks with the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. On the level of Arab-Iraqi relations in general and Iraqi-Gulf in particular, Masoum stressed that "Iraq today is different from what it was before 2003 and that his country is keen to build good relations with all neighboring countries and other Arab extension countries." President Masoum stressed the development of Iraqi-Saudi relations, stressing at the same time his country's keenness to build a good relationship with the Kingdom. He pointed out that any rapprochement with the Gulf countries will not be subject to or constrained by the other relations of Iraq, referring to the relations between Iraq and Iran. On the crisis of the Kurdistan Region of Iraq, said infallible "The two sides agreed to abide by the Constitution and since the Federal Court saw that this referendum was not constitutional, but violates the Constitution, then the subject is over." He stressed that the two sides are currently engaged in what he described as a peaceful dialogue to resolve all the existing problems, including the file of border crossings, indicating that the two sides insist on the need to end the problems between them and "optimistic about resolving the crisis." With regard to the lack of access of a delegation from the Government of the Territory to Baghdad to start direct bilateral talks so far, said infallible, "both sides do not want the arrival of a large delegation to Baghdad at the moment because the negotiations may be delayed here or there, it is understood that they failed and did not reach an agreement "He said. And the infallible that they are currently working in quiet practical steps and there are meetings between technical and professional delegations to culminate then the arrival of the Kurdish political government delegation to Baghdad. Regarding Article 140 of the Iraqi Constitution, which defines the fate of the province of Kirkuk, he said: "It is a constitutional article can not be statute of limitations, but is essential and existing and it is necessary to reach a radical solution to the problem of Kirkuk." The Iraqi president said that the disruption of local elections inside Kirkuk over the past years under the pretext of the existence of privacy of the province is what exacerbated the problems and the crisis in the province. He revealed that Baghdad and Erbil and the officials in Kirkuk itself are currently working on access to joint solutions, likely to take one month from now before the establishment of the matter completely in the province and the return of the provincial council to convene and the election of a new governor to replace her conservative article. The Kurdistan government issued a statement last Tuesday saying that it respects the interpretation of Article 1 of the Federal Supreme Court, calling for it to be the basis for initiating a comprehensive national dialogue to resolve disputes through the application of all constitutional articles. On November 6, the Federal Supreme Court of Iraq issued a decision confirming that "there is no provision in the constitution that allows for the separation of any of its components stipulated in Article (116) of the Constitution under its provisions." Keywords:

DT & Butifldrm Thanks, Come on PM Abadi & CBI push that RV Button ASAP!!!!!! GO HCL GO RV / RI

Confusion Don't need to be apart of WTO to have paper that's worth something...yet it would help

h.a.n.d.

Experts for the «morning»: reforms bring Iraq closer to the World Trade Organization 19/11/2017 12:00 am BAGHDAD / Farah Al-Khafaf At a time when the delegation of the National Committee on Iraq's accession to the World Trade Organization (WTO) in Geneva held a series of consultative meetings with experts in this field, two economic experts said that the reform measures of the Iraqi government bring Iraq closer to joining the organization. Thamer Al-Azzawi told Al-Sabah: "The government's reforms, which began more than two years ago, will prepare for accession within the next few years." The role of Iraq, al-Azzawi pointed out that «Prime Minister Dr. Haider Abadi succeeded in implementing a package of economic reforms have borne fruit internally and externally, and won the confidence of the international community, which means increasing the world's conviction of Iraq's economic role, especially as the country began to gradually reduce dependence on oil returns Crude, but to export and achieve self-sufficiency in various sectors, which brings Iraq closer to the world organization ». Iraq has been accepted as an observer member of the organization in 2004, and its full membership requires several legal and legislative measures and the change of other laws in line with the laws of the international organization of 160 countries and there are 21 member States observer. Correct steps in turn, said an expert on Foreign Relations Saad Muhammadawi: that «Iraq has started to make true strides towards the advancement of its economy and cemented it, after the government reform measures.» "These reforms have won the confidence and respect of the neighboring countries, the region and the world, which has opened the appetite for seeking to join the Organization and Iraq is strong, especially after the victory over the terrorist", he added. The expert expected that Iraq will join the Organization during the next five years, provided it continues to implement reforms, and the promotion of productive sectors such as industry and agriculture. In the meantime, the Director General of the Department of Foreign Relations in the Ministry of Commerce, Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq's accession to the World Trade Organization WTO on behalf of the Minister of Commerce, Dr. Salman Jumaili, said that «the delegation included the Directors General Customs and Standardization and quality control and adviser Central Bank and accession file officials in the WTO section ». A series of meetings added in a statement received «morning» copy, that «the delegation held a series of meetings with specialists in the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO) to confirm the desire of Iraq to complete the files to join the World Trade Organization, and be Part of the international economic system ». Acquisition of membership He pointed out that "the government efforts aimed at the accession of the Republic of Iraq to the World Trade Organization continue and lead the efforts of the National Committee (the national team) to join the organization, which is headed by the Minister of Commerce, and includes in its membership several representatives of the ministries concerned and learn from the history of the World Trade Organization and the experiences of countries that The accession process of this international organization may extend for several years, as well as the stage following the acquisition of membership may raise many important issues and effects and serious challenges that require attention and knowledge and skill in dealing with them and predicting the occurrence of the And his legal team negotiating a comprehensive and detailed specific Obligations and the required reforms in the institutions and practices and economic policies required by Iraq's accession to the World Trade Organization have profound economic implications. »

RV in January, and then “Iraq Finance 2018” Conference.

Bring it on, I’m sure their were a few recipes exchanged, but, the main topic surely discussed in great detail Synopsis.