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  1. bro no way we are waiting much longer... not with all the news right now..we will see ..imo let’s go IQD
    10 points
  2. The Central Bank raises the guardianship of the United Investment Bank 17:05 - 12/03/2019 0 https://www.almaalomah.com/2019/03/12/393283/
    8 points
  3. Mess with BEST, DIE like the rest is a statement I still hear from Brothers in Arms.
    8 points
  4. Is it me or is it Tuesday March 12th and the Iraq gazette website is still down for almost 3 weeks....... just sayin’
    8 points
  5. 2019/03/12 14:32 Number of readings 28 Section: Iraq Central Bank Announces Joining the Sustainability Network at IFC BAGHDAD (Reuters) - Iraq's central bank announced on Tuesday March 12, 2019, that it was joining the IFC Sustainability Network. "The Central Bank has joined IFC's Sustainability Network," the bank's statement said in a statement. "The Sustainability Framework defines the organization's strategic commitment to sustainable development through the adoption of performance criteria for environmental and social sustainability." The Central Bank of Iraq in its statement that "trying hard through the community initiatives adopted and implemented directly and indirectly to achieve this goal emanating from the law, and through the Board of Directors." "In order to keep abreast of the international developments in this field, the Bank announces its joining the IFC Sustainability Network, which includes several" developed and developing "countries in order to implement the principles of sustainability mentioned in the Corporate Governance Guide, 9 Principles ". The Central Bank outlined these nine principles as follows: 1. Business activities: Banking and environmental risk management - Integrating environmental and social considerations into the decision-making process of the institution's activities to avoid, minimize or compensate negative impacts. 2. Business Processes: Environment and Social Footprint - Avoiding, minimizing or offsetting the negative impacts of business operations on communities and the environment in which they operate, and where positive impacts can be enhanced. 3. 4. Economic Empowerment of Women - Enhancing women's economic empowerment through the workplace culture of both male and female sexes in the business operations of the institution. 5. Financial Inclusiveness - Striving to provide financial services to individuals and communities that are traditional and have limited or no access to the formal financial sector. 6. Governance - Apply strong and transparent corporate governance practices. 7. Capacity Building - Developing individual and sectoral institutions needed to identify social and environmental risk management and opportunities associated with business activities and processes. 8. Collaborative partnerships - Collaborate with all sectors and benefit from international partnerships to accelerate collective progress and improve the sector as a single unit International. 9. Reports - Review and review reports regularly on the course of progress to meet these principles at the individual and sectoral level. Follow the obelisk http://almasalah.com/ar/news/166033/البنك-المركزي-يعلن-انضمامه-الى-شبكة-الاستدامة-في-مؤسسة-التمويل-الدولية
    8 points
  6. Central Bank Announces Joining the Sustainability Network at the International Finance Corporation Banks Economy News - Baghdad The Central Bank of Iraq (CBE) announced today that it has joined the IFC Sustainability Network, noting that the Bank is keen to implement sustainability principles. The sustainability framework identifies the institution's strategic commitment to sustainable development through the adoption of performance criteria for environmental and social sustainability . "The bank is trying hard through the community initiatives that it adopts and implements directly and indirectly to achieve this objective arising from its law and through its board of directors," the bank said in a statement. "In order to keep abreast of international developments in this area, the Central Bank of Iraq announces that it has joined the IFC Sustainability Network, which includes several countries (developed and developing) in order to implement the principles of sustainability mentioned in the Corporate Governance Guide (9) principles ". "These principles are business activities: banking and environmental risk management - integrating environmental and social considerations into the decision-making process of the institution's activities to avoid, minimize or compensate negative impacts , and business processes: environment and social footprint - avoidance, To the operations of the business community on the communities and the environment in which they operate, and where the positive impacts can be enhanced. " "The other principles were human rights - respect for human rights in the operations and business activities of the institution, economic empowerment of women - promotion of women's economic empowerment through the workplace culture of both sexes in the business processes of the institution, and financial inclusion - seeking to provide financial services to individuals Communities that are traditional and have limited or no access to the formal financial sector. " "Among the principles, governance - the application of strong and transparent corporate governance practices, as well as capacity building - the development of individual and sectoral institutions needed to identify social and environmental risk management and opportunities associated with business activities and processes , and collaborative partnerships - collaborate with all sectors and benefit from International partnerships to accelerate collective progress and improve the sector as a single unit to ensure that the institution's vision is in line with international standards. " "Reports - regularly review and review reports on progress towards meeting these principles at the individual and sectoral level," the bank said. Views 11 Date Added 12/03/2019
    8 points
  7. (Statement) the inclusion of the Central Bank of Iraq to the sustainability network in the International Finance Corporation March 12, 2019
    7 points
  8. I agree...Look at the board behind him. MasterCard logo...Western Union logo, INTERNATIONAL Islamic Bank card.....Its gotta be SOOON!
    7 points
  9. Hmm .... lemme see - Elections held mid-May 2018 - NOW it’s mid- March 2019 10 months in and STILL it drags on. This would be comical if it weren’t so appallingly tragic.
    7 points
  10. Actually, it will be 4 weeks this Thursday, DWS112 was the first one to alert us on this thread on Valentine’s Day! 😲
    7 points
  11. I can’t see Iraq integrating much more into world finances with out a recognized and convertible currency… The best things in life RV. yak
    7 points
  12. and by the way this is not pumping... this is actually reading the news...if you look closely you can see where this is going...naysayers can keep on complaining I personally couldn’t care less...let’s go lower notes... let’s go movement of change
    6 points
  13. Governor of the Central Bank announces the lifting of guardianship of the bank «United Investment» Governor of the Central Bank Ali Alalak "Economy News" Banks Economy News Baghdad: The governor of the Central Bank of Iraq, Ali Alaak, the lifting of guardianship of the United Bank for investment after it was imposed on him at the end of last December. Alaq said in a letter addressed to licensed banks operating in Iraq, and was briefed by "Economy News", "it was decided to lift the guardianship of the United Investment Bank as of March 5 present." Views 156 Date Added 03/12/2019
    6 points
  14. Thanks Synopsis and everyone else for their insights. $20 billion is really "Trump" change in trade between two neighboirong countries. What i see in these articles is a lot of anti-USA politicalizing amidst some buddy buddying up. For trade and economic development, Iraq needs the west and other countries way more than Iran. And Iran needs Iraq way more than the other way around, imo. Note that its Rouhani and the Iranian contingent with all the big talk, as that's all they really have right now. Talk.
    6 points
  15. Ah, EVERYBODY!!! Pipe down. HOW much, pray tell, do the Insanians REALLY have to offer the Bicraqi Iraqi???!!! The average Bicraqi Iraqi Citizen DOES NOT want the Insanians ALL OVER Iraq!!! The news media is HEAVILY influence by Ole Potato Head Nouri al-Maliki. Hey, Rouhani EVEN met with Ole Potato Head Nouri al-Maliki hisself!!! My view is THIS is just a WHOLE LOTTA Pomp AND Show. NO real content HERE!!! HOW far, pray tell, will THESE agreements go???!!! WORTHLESS ACTUALLY!!! Remember................................................................. The Battle Is The FIERCEST When Victory Is The NEAREST!!! So, OK, some "motivational" "mood" "music" MAY help!!! WE ALL knew there WILL BE bumps on the way. SURE, A bump here so NO BIGGIE!!! Just MY opinion......................................................... Go Moola Nova!
    6 points
  16. Don't have a link, but i recall recently that Iraq was holding out on paying a large bill for electricity from Iran. I don't believe that's been paid at this point which might be an indicator that a rise in the value of the dinar is on the horizon... Just speculation on my part....
    6 points
  17. As I said before this very thing. besides Okie fell from favor when it was found out he was nothing more than a butcher in a grocery store. LOL Yes he was a bonehead alright. To bad that one guy committed suicide believing Okies lies, or so the story goes. Stay grounded my friends, its not a matter of if, but when it will happen. pp
    6 points
  18. Maybe we should build a wall and send all the illegals back to their country That might help.
    5 points
  19. This could be the final squeeze that pops the pressure on this zit! 😂 Sorry for the analogy but im sick and tired of this ride.... and I do remember Shabbibi saying there would be lots of propaganda before a change in value.... this could be a large smoke screen to keep investors away.... just my thoughts in between work appts. Just a few days left in the first quarter of the year... 🤞🏻
    5 points
  20. IFC Articles of Agreement IFC Governance (As amended through June 27, 2012) The Governments on whose behalf this Agreement is signed agree as follows: INTRODUCTORY ARTICLE The International Finance Corporation (hereinafter called the Corporation) is established and shall operate in accordance with the following provisions: ARTICLE I Purpose ARTICLE II Membership & Capital ARTICLE III Operations ARTICLE IV Organization & Management ARTICLE V Withdrawal; Suspension of Membership; Suspension of Operations ARTICLE VI Status, Immunities & Privileges ARTICLE VII Amendments ARTICLE VIII Interpretation & Arbitration ARTICLE IX Final Provisions BY-LAWS By-Laws (as amended through February 18, 1980)
    5 points
  21. 12-03-2019 02:32 PM The CBI joins the sustainability network at IFC Baghdad The Central Bank of Iraq (CBE) announced today that it has joined the IFC Sustainability Network to implement sustainability principles in the Corporate Governance Guide. "The Sustainability Framework defines the strategic commitment of the institution towards sustainable development through the adoption of performance criteria for environmental and social sustainability," the bank said in a statement received by Al Akhbar. "The Central Bank of Iraq is striving through the community initiatives adopted and implemented directly and indirectly to achieve This objective emanating from its law, and through its Board of Directors. " "In order to keep abreast of the international developments in this field, the Bank announces its joining the IFC Sustainability Network, which includes several countries (developed and developing) in order to implement the principles of sustainability mentioned in the Corporate Governance Guide, The number of (9) principles: Business: Banking and Environmental Risk Management - Integrating environmental and social considerations into the decision-making process of the institution's activities to avoid, minimize or compensate negative impacts. Business processes: Environment and social footprint - Avoiding, minimizing or offsetting the negative impacts of business operations on communities and the environment in which they operate, and where positive impacts can be enhanced. . Human rights - respect for human rights in the operations and business activities of the institution. Economic Empowerment of Women - Promoting the economic empowerment of women through the workplace culture of both male and female sexes in the business operations of the institution. Financial Inclusion - Striving to provide financial services to individuals and communities that are traditional and have limited or no access to the formal financial sector. Governance - Apply strong and transparent corporate governance practices. Capacity Building - Developing individual and sectoral institutions to identify social and environmental risk management and opportunities associated with business activities and processes. Collaborative partnerships - Collaborate with all sectors and benefit from international partnerships to accelerate collective progress and improve the sector as a single unit to ensure that the institution's vision is in line with international standards. Reports - regularly review and review reports on progress towards meeting these principles at the individual and sectoral level. "
    5 points
  22. If they don’t RV before all these trades go into effect..... I would THINK WE CAN KISS THIS RV goodbye..... Iran would get billions of Dinar at this price... The US would not want Iran a large sponser of terror to have their bank accounts filled to the brim. So hopefully we see the RV soon so that it does not undermine sanctions!
    5 points
  23. I'd say THEY'RE READY!
    5 points
  24. Iran receives first installment of debt on Iraq Twilight News 2 hours ago The governor of the Central Bank of Iran Abdul Nasser Hamti announced the payment of Iraq's first installment of its debts to Iran. During the meeting, the two sides discussed a number of financial issues, including the facilitation of banking affairs for exporters of Iranian goods and services, the work of branches of Iranian banks in Iraq and the establishment of Banking relations between the two countries as well as the need to accept the guarantees of Iranian contractors dinars instead of the dollar. Iran's exports of electricity and gas to Iraq amount to $ 4 billion of its total exports of $ 12 billion. Keywords:
    5 points
  25. screwball, Truly appreciate your opinion & analysis. We are inching ever so slowly but surely IMHO to an increase of the IQD. I do believe much is going on behind the scenes...😁😁 GO RV / RI
    5 points
  26. Trust me when I say they won’t open at their current rates
    5 points
  27. Iran's economy receives the first installment of debt on Iraq. 12th March, 2019 The governor of the Central Bank of Iran Abdul Nasser Hamti announced the payment of Iraq's first installment of its debts to Iran. During the meeting, the two sides discussed a number of financial issues, including the facilitation of banking affairs for exporters of Iranian goods and services, the work of branches of Iranian banks in Iraq and the establishment of Banking relations between the two countries as well as the need to accept the guarantees of Iranian contractors dinars instead of the dollar. Iran's exports of electricity and gas to Iraq amount to $ 4 billion of its total exports of $ 12 billion. http://www.shafaaq.com/ar/Ar_NewsReader/4e7075be-104c-42af-b310-96c356c02eb3
    4 points
  28. Exactly what I am thinking, there has been countless articles about them going international the past few months and also with the tariffs kicking in. We have to be on top of this.
    4 points
  29. sometimes lifting guardianship equals stability where one can handle their own affairs ... but not sure what it means to the wacky iraqi
    4 points
  30. Bro, remember when exchange sites had a change of rate in the iqd? It occurred twice in March, one on March 6 n the other on March 21. Hope it happens again around the 20ish this month. This time I believe it will be permanent n we can actually change our notes
    4 points
  31. Another accomplishment by the CBI on his quest to international banking. Go CBI Go international Go $1:1
    4 points
  32. Not too sure about that, Synopsis. They gave Rouhani a pretty big welcome on his visit to Iraq, while Trump did fly in and out without much of anything. Everybody smiling and welcoming Rouhani, making a big fuss over him. I believe I read that they do (or will do) $20 Billion in trade, besides supplying electricity and who-knows-what else. I'm not too happy that Iran and Iraq are so much "in love". They need to do something with their currency quickly before they make Iran rich.
    4 points
  33. Yip NEPatriot..I fear you are right...trying to stay positive but I cannot see how this can go our way if they pay the Iranians in Dinar at this low low rate. I will be so happy to be proved wrong!! I have everything crossed for a quick RV!!
    4 points
  34. Wouldn't it be something to see Obama and his cronies perp walked for the crimes they've committed?
    4 points
  35. 2019/03/12 10:51 Number of readings 82 Section: Iraq Planning: the establishment of two international funds to manage reconstruction projects The Minister of Planning, Nuri Sabah al-Dulaimi, announced on Tuesday, March 12, 2019, the launch of the National Platform for Reconstruction and Development to manage and follow up the projects of reconstruction, stability and sustainable development. In a statement to the minister, the minister's office said that he chaired an expanded meeting to discuss strengthening the international support efforts and the best ways to invest them in the presence of the Secretary General of the Council of Ministers Mehdi Alalak, the President of the Reconstruction Fund Mustafa Al-Hiti, the Deputy Special Representative of the Secretary-General of the United Nations, Iraq, the World Bank Mission and a number of representatives of the international community. "The launch of the National Platform for Reconstruction and Development to manage and follow up the projects of reconstruction, stability and sustainable development, which includes an integrated spatial database on the sites of projects implemented and planned by the Iraqi government, and programs and organizations of the international community." The minister revealed the "decision of the Council of Ministers to establish international credit funds to manage the file of international support for projects and programs of recovery and reconstruction and development, in implementation of the decisions of the International Conference on Iraq Reconstruction held earlier last year," stressing that "the next phase will witness the signing of a memorandum of understanding With the World Bank, would be a legal framework for his work in Iraq. " He pointed out that "the Fund for Recovery and Reconstruction of Iraq will enhance the effectiveness of funding, through the joint administration between the Ministry and the international community, based on the five-year development plan of the Ministry of Planning." Follow the obelisk http://almasalah.com/ar/news/166005/التخطيط-إنشاء-صندوقين-دوليين-لإدارة-مشاريع-اعادة-الاعمار
    4 points
  36. ( Updated: 3/12/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 3-11-2019) 1197.946 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)
    4 points
  37. Yeah . . . and you can dress them up in all sorts of neat outfits with leather, lace & rubber. ( Im probably in so much trouble right now )
    4 points
  38. Madhi and Iran's President are looking at Alak as if they are telling him...u better do it or else. I bet Alak is pissing in his pants after, haha
    4 points
  39. Analysts: Permian Oil Output Set To Double By 2023 Mar 11, 2019, 1:00 PM CDT Less than a year ago, IHS Markit predicted that “stunning” growth in the Permian would result in the basin doubling its oil production to 5.4 million bpd between 2017 and 2023. That 5.4-million-bpd output would be more daily production than in any member of OPEC except for Saudi Arabia, the business information provider said in June 2018. Nine months later, the Permian production is set to break the 4-million-bpd mark as early as in this month, as per EIA estimates. The Permian production is now roughly one third of the total U.S. crude oil output of 12 million bpd. Analysts expect the Permian production could double from the current levels through 2023, and the basin to pump as many as 8 million bpd in four years. That’s roughly the total current oil production from the seven key shale regions in the United States, as per EIA’s Drilling Productivity Report. The growth in the Permian oil production is also set to boost U.S. crude oil exports, analysts have told CNBC. American crude exports hit a record 3.607 million bpd in one week in February, and have been above 2 million bpd in most of the weeks in recent months. Permian oil production— currently just shy of 4 million bpd—jumped by around 1 million bpd from a year ago and is set to jump by another 1 million bpd, to 5 million bpd, by early 2020, Eric Lee, energy analyst at Citigroup, told CNBC. “We’re happy to look out to 2023, when it gets to 8 million. ... They figured out how to access it at very low break-evens, like $30/$40,” according to the analyst. Not enough pipelines to transport the Permian crude to the U.S. Gulf Coast has led to takeaway constraints in the fastest-growing oil producing region in recent months. But midstream operators and oil majors have laid out plans to significantly raise pipeline capacity over the next two years. Several new crude oil pipelines expected to come on line at the end of this year and in 2020 and 2021 are set to alleviate bottlenecks and reduce the price discounts of the oil in the Permian to the oil priced at Cushing or the U.S. Gulf Coast. Related: Is This A Precursor For Peak Oil Demand? “We’re going to triple pipelines going into the market from 3 to 9 million in three years, from last year to late 2021,” Francisco Blanch, head of commodities and derivatives at Bank of America Merrill Lynch, told CNBC. In a sign that new pipeline capacity has started to somewhat ease the bottlenecks, crude oil inventories in West Texas dropped to a four-month-low in February, according to data from market intelligence provider Genscape cited by Reuters. Analysts have singled out pipeline capacity and the profitability of Permian drilling, especially for smaller players, as the key factors that would determine the pace of growth in the basin. While pipeline constraints are expected to significantly ease in 2020 and 2021, the price of oil and the breakevens of wells in the Permian are the bigger unknowns. According to an analysis of wells economics in the Permian Delaware basin, Rystad Energy has concluded that large-scale drilling and large players will be the key beneficiaries in the basin. “Size matters, even more so when drilling for shale oil in the Permian Basin,” Rystad Energy senior partner Per Magnus Nysveen said last month, noting that large operators with vast acreage positions would get handsome returns, even if WTI Midland oil price is at $45 a barrel, while smaller operators might struggle to make profits. U.S. supermajors Exxon and Chevron both announced last week increased targets for their Permian production. Chevron now seesits Permian unconventional net oil-equivalent production rising to 600,000 bpd by the end of 2020, and to 900,000 bpd by the end of 2023. Exxon revised up its Permian growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, which would be an increase of almost 80 percent. Related: Two Largest Oil Price Benchmarks Are Set To Diverge The shale game is now a ‘scale game’, as Chevron Chairman and CEO Michael Wirth put it. “The big thing that I think has changed is the shale game has become a scale game, and so people that can do things at large scale and bring the capabilities to bear that a company like Chevron has are the ones that really can take this to the next level,” Wirth told CNBC last week after the company announced its latest Permian growth targets. As for oil prices, currently OPEC looks set to continue supporting prices with the ongoing production cuts, instead of fighting for market share, despite the fact that the higher the price, the more incentive U.S. oil producers have to continue setting production records. As pipeline constraints start to clear in the second half of 2019, U.S. exports will also rise, John Driscoll, chief strategist at JTD Energy Services, told CNBC at the end of February. “The U.S. is spoiling the OPEC party. They are now the wild card and they don’t have a seat at the table in Vienna,” Driscoll said. https://oilprice.com/Energy/Energy-General/Analysts-Permian-Oil-Output-Set-To-Double-By-2023.html
    4 points
  40. https://www.citizenfreepress.com/breaking/good-guy-with-a-gun/
    4 points
  41. 12-03-2019 12:49 AM The outbreak of clan war with mortars, rockets and heavy weapons in Basra Baghdad: A security source reported on Tuesday that there were clashes with medium weapons between two tribes in the province of Basra. The source said that 'tribal conflict broke out and developed to the use of medium weapons, including missiles and launchers and unilateral within the area of Kerma Ali in Basra'. He added that 'clashes continue so far'.
    4 points
  42. He is damned if he does and damned if he doesn't. With that said he might as well do it. He is going to get blamed for everything anyway. He will never win with the Dems, RINO's and 80-90% negative press he is getting. Because the creatures of the swamp like it there.
    4 points
  43. No bursted bubbles here, Buti. I remember when this happened in 2014: “Nasdaq is proud to be supporting our long-term customer ISX in upgrading their market infrastructure …" This is very different than advertising the ISX in Times Square.
    4 points


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