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Hey hey good morning DinarVets! This is one of those "holy MOLY" spots in history - so much is going on right now! Coronovirus is shaking the stock markets - if you didn't catch @Pitcher's posts in my chat last week, they are worth a look! Super Tuesday was yesterday, and it looks like the Dem race is officially Old White Guy #1 vs Old White Guy #2. (I have nothing against old white guys, I just think it's funny ). Mike Bloomberg bought American Samoa, apparently. Speaking of politics... 'tis almost full tilt political season, according to the drama-meter we run in the background. I'll take a second to gently remind everyone that this is a nice place to visit, we won't all agree on everything, and we like to keep things calm, cool, and collected. And nice. Just be nice to each other, please. BTC is hovering around the 8700 mark, despite the political and health topics and markets. Solid. On to the dinar, which is of course the heart of these updates! We also have some member questions that I'll get to shortly. Sitting (temporary?) PM Allawi has threatened resignation - rather, he has "withdrawn his candidacy". I said from the start that he wasn't my top choice for the spot, but he certainly impressed me! The man went in and started kicking things around like an Iraqi Jack Welch, which is exactly what needed to happen in Iraq. I get the feeling that he is an "all or nothing" kind of guy and didn't feel comfortable with what could have been a solid 80% win. So, what's next? The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either. As mentioned in a recent post: The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter. EDIT: As I was wrapping up this post, @tigergorzow posted this: My thoughts on it were stated above, and remain the same - the name doesn't matter, as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close. ====== Member questions below ===== This is a very reasonable question - it is based on logic and a thoughtful approach to the issue... ... unlike fiat currency, which is based on nothing of the sort, and actually throws reason out the window. The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply. For this reason alone, it simply does not need to make financial sense to RV. Check out @ladyGrace'sDaddy's post below: Nicely stated, LGD. The summary is this: Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will. There's always one in the group! This is a great question as well! I don't think "massive" is the correct term. "Significant" - definitely, but it's not "massive". Nonetheless - I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated. While OIL is a necessary product in the global economy, the price can fluctuate all it wants - Iraq still has a majority of it, and they will be able to bank on that. If the entire world switched to solar overnight, then it would be "game over". Until that happens, I am not too concerned about the price of oil. 1 - I'll need more info on "1,000,000 IQD is forbidden". The rule is $10,000 (USD) and up must be declared in most countries. 2 - I still remember my first trip to Dubai, where there was a security checkpoint that required removing our shoes and they sprayed everyone's feet with disinfectant on the way through... but regarding your question, I'm going to need a link to be sure we are discussing the same thing Great post, Synopsis The forum software will collapse your comment, but I'd encourage anyone interested to click on it to expand and read it. My answer: I agree with your closing statement: Auctions... I'm not sure what you mean about the auctions. The auctions don't matter - if they sell at 1160 today but sell at 12 tomorrow, do we care what the rate was yesterday or if they did an auction yesterday? The auctions will continue after the rate is changed. It's how they do business. Iran's influence was a major factor, but it is greatly reduced already and looks to be shrinking more by the day. All is well in my opinion! ========= / end Member Q's ======= WHEW! That was a fun update, I really appreciate the feedback and questions from the members! I'll do that again soon, or not, depending on Iraq. Don't forget to chuck your numbers in the Weekly Pool, and GOOOOO RRRRVVVVVV!!!! - Adam

I can take Al Abadi, but Maliki, NOPE. If Maliki becomes PM again, anyone who wants to, can buy my Dinar for a very good price. I don’t think Abadi did a bad job. Jmho.

The above chart is the S&P 500 on a daily chart. Wow what a day, INCREDIBLE!! Dow up 4.53%, S&P up 4.22% Nas up 3.85%. That is a huge up day folks. I believe this is a direct result of one Market uncertainty lessened, and that is the Dem Nomination is Biden’s to lose. The DNC is all in for Biden. That is a big relief for the market and a boom for the Healthcare Sector, up 4.89%!!! The other factor seemed to be that the big boys decided to go in and try to exploit this relief rally. The relief rally I’ve been talking about is definitely in play. For how much longer will it go? I’ve been trading for over 20 years and I’m not going in but if I had to make a guess I would say watch the 100, 50, and 20 ema moving averages. Those are resistance points which sometimes become a barrier or a reversal point. The next Pivot Point is at 3198 and where the 20 ema is at this moment. I just don’t like to get whipsawed on the first hint of bad news which was pretty bad today with the CV in NY, Cali, and Washington State. Today the market shrugged off the news and ran like crazy. Will it continue? Maybe for a few more days but tomorrow could just as easily be down after the big day up today. I like the RSI (circled) which has a reading over 44, usually a good time to enter. I also look at On Balance Volume, the Williams A/D, and MACD ( circled below the chart), which are not to good yet imo. Bottom line I believe this was a good trade-able relief rally for the short term but if you go in you better be ready to get whipsawed on any news. If you believe the bottom was 2855 then you better have some strong conviction in your picks or be ready to stomach some hurt on a reversal on bad news. That’s what makes a market, some go in and some wait. I choose to wait because I do very well Day Trading. I just believe the Coronavirus is too much of a wild card to go Long at this point. The action is too violent for me to go Long. I will just continue to Day Trade until I feel it’s the right time. I’m waiting for a retest of 2855. If we get it then I win. If it continues to go higher there will be an entry point that I feel comfortable playing. I’m pretty conservative with my Swings and Longs and have a ton of patience, especially in such an uncertain crisis that is the Coronavirus. Do your own DD and be careful. This is a very volatile time for the markets.

I will bet you all your dinar Biden will NOT be the next president!! CLUELESS,!!

3-4-2020 Newshound/Intel Guru Mnt Goat Article: "Urgent: The President of the Republic approves Allawi's resignation..." Where does Iraq go from here? Will the UN step in and take over? Probably not...I don’t think Iraq is at this point yet. They are still within their democratic government. Can the UN legally put in place a provisional government to run Iraq in the meantime. No, they cannot do this. How much longer can this go on before Iraqi economy really tanks? If they do not get the budget approved they can not go ahead with any of the projects they had planned for 2020. This new year is quickly slipping by. The economy too is stagnating and inflation could set in. Will us investors have to wait yet another year to 2021 to see the RV? This may very well be the case. It appears they just paid the Kurds their salaries. This is not in our favor and shows they already are using the 1/12 rule of the budget...

Well i dont believe that here the US to marry have to worry about getting the virus from Iraq dinar, most of us probably haven't touch it in year because its worthless and collecting dust in the back of our safes or dressers. But if it was toilet paper on the other hand now thats a different story. We all would be worried shiteless.

I See 'Colored' People !

3-5-2020 Intel/Newshound Guru sandyf [Question: Revaluation. The bigger question is what do people understand by the term "revaluation".] If a currency changes from X/USD to Y/USD is it a revaluation/devaluation or not. A redenomination of the national currency is a revaluation of the monetary unit and that is what was being considered by the CBI when Shabibi was at the helm. 3-5-2020 Newshound/Intel Guru Mnt Goat Article: "DRAFT FEDERAL BUDGET LAW FOR THE FISCAL YEAR 2020 IS STILL IN THE MINISTRY OF FINANCE" Our reinstatement is based on the 2020 budget. They must pass it to get what we want. But first to pass it they must get the government in place... Of course, there is going to be Iranian backed resistance since the currency auction corruption feeding Iran will go away when this is concluded. 3-5-2020 Newshound Guru Jeff Article quote: "in the case that parliament fails to vote next time on the government cabinet it will be dissolved and early elections will be held." They're considering dissolving the government and holding early elections...Kurdistan wants to be part of the new government...equal say and equal majority within the formation of the new government. That's the reason they're dissolving the government...that's the reason they're playing you like a fool, telling you that the current government is unstable so they can hold early elections in April to bring Kurdistan on board...

3-5-2020 Newshound Guru Adam Montana ...PM Allawi has..."withdrawn his candidacy"... So, what's next?... The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either... The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter...as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close... This was taken from another site that follows Adam's Opinions and posts snippets from them. You can see Adam's full Chat right here on the DV Chat Logs Forum as: Adam Montana Weekly 4 March 2020

Agree with you screwball, Go e-banking Go e-card Go ATM/POS/VISA/MASTER Go e-payment Go internacional

Tom Fitton of Judicial Watch

Much Appreciated Thugs, nice to see you and the bright highlighted articles and GM DV. Let the sand throwing begin, come on Irag put the stupidities away. And how about you all work together, and create the most magnificent and glorious country that it can be. (Lol) just kidding we all know your a sandwich shy of a sand storm picnic.

Thanks For The Short Retort Sport ! And For Ur Next Oil Report - Just Add A Quart ...

https://dinarvets.com/forums/index.php?/topic/272434-mazin-al-eshaiker-as-well-as-adel-abulmahdi-is-among-a-shortlist-of-candidates-rumored-to-be-nominees-for-iraqi-pm/ Mazin Al-Eshaiker, as well as Adel Abulmahdi, is among a shortlist of candidates rumored to be nominees for Iraqi PM. By Ismaeel Naarand Hassan al-Saeedi, Al Arabiya EnglishSaturday, 22 September 2018 Sources with close knowledge of internal political consultations have asserted that among the names being floated by political groups for Iraq’s premiership include that of Mazen al-Eshaiker. Several observers have said that al-Eshaiker might have better chances in case Adel Abulmahdi is not able to grab the opportunity of becoming Iraq’s next prime minister. Sources said that the political powers had reached a shortlist of candidates for the prime minister position on two conditons: One who would not belong to any party and two, did not hold any position in the previous governments. Al-Eshaiker meets both conditions. Speaking to Al Arabiya English, al-Eshaiker said that rampant corruption in Iraq due to the poor choices of ministers who represent the interests of various political parties led political parties in preferring an independent. “By selecting an Independent technocrat PM who picks his or her own ministers who will be responsible and accountable for the actions of all ministries instead of being accountable to the parties that nominated them,” al-Eshaiker told Al Arabiya English. Iraqi lawmakers are seen during the first session of the new Iraqi parliament in Baghdad. (Reuters) Sources also said that the political groups had agreed that the next prime minister would have the freedom to choose the ministerial structure of his government. Al-Eshaiker confirmed that he was among the nominees for prime minister and thanked all those who trusted him as an independent technocrat candidate. Al-Eshaiker, an electronic engineering graduate from the University of California in 1985, expressed via Facebook his appreciation for the people’s trust and support for his candidacy. He highlighted that the incoming government has many challenges to improve the political, economic and security situation. “Ministers needs to be chosen according to integrity, experience and competence standards,” he wrote. Al-Eshaiker pointed out that Iraq is on the edge economically. “There is no way to continue with the quota system. Dividing the ministries according to the nationalities and sects was the reason for the reluctance of most voters not participating in the last parliamentary elections,” he wrote. Al-Eshaiker, an economic and political expert, was born in Karbala governorate. He was previously one of the Bairaq al-Khair al mondawi in the Victory Alliance headed by Haider al-Abadi. So far, al-Fath, Saairun, al-Qarar, al-Wataniya and al-Hekma had approved accepted him to be one of the candidates, while he awaits for other blocs to approve. Al-Eshaiker had established many electronic labs in the US, Mexico, China, Thailand, Taiwan and Singapore, he was the General Manager of Motorola Iraq from 2003 to 2007. Then he became an economic expert in the premiership before being CEO of Asia cell Telecom in Sulaymaniyah and then he managed the Nalco Oil Company in Basra. The main factors of al-Eshaiker’s program mainly depends on a strong developmental economic program, aside from the policy of piling employees in the governmental departments and allowing the free economy to take its natural place in construction, industry, agriculture, trade and tourism to absorb the Iraqi competencies and the unemployed labor force, to raise the living standards and service for all the Iraqi people. Last Update: Monday, 24 September 2018 KSA 01:42 - GMT 22:42 LINK

Goldman Sachs says oil will be at 45 by April. I’ve read other reports that say mid 30’s. We’ll just have to see what shakes out. The problem is OPEC doesn’t dictate the price anymore. Many US producers are selling all they can just to keep from going under.

I agree with everything you said BG. I wouldn't mind if Abadi came back but Malaki, hellllll nooooooo!!!

Yes, they will. And, yes: HA!

CNN. Broadcasting While Movin' And Al-Shaiken' ! Mazin Al-Eshaiker, as well as Adel Abulmahdi, is among a shortlist of candidates rumored to be nominees for Iraqi PM. By Ismaeel Naarand Hassan al-Saeedi, Al Arabiya EnglishSaturday, 22 September 2018 Sources with close knowledge of internal political consultations have asserted that among the names being floated by political groups for Iraq’s premiership include that of Mazen al-Eshaiker. Several observers have said that al-Eshaiker might have better chances in case Adel Abulmahdi is not able to grab the opportunity of becoming Iraq’s next prime minister. Sources said that the political powers had reached a shortlist of candidates for the prime minister position on two conditons: One who would not belong to any party and two, did not hold any position in the previous governments. Al-Eshaiker meets both conditions. Speaking to Al Arabiya English, al-Eshaiker said that rampant corruption in Iraq due to the poor choices of ministers who represent the interests of various political parties led political parties in preferring an independent. “By selecting an Independent technocrat PM who picks his or her own ministers who will be responsible and accountable for the actions of all ministries instead of being accountable to the parties that nominated them,” al-Eshaiker told Al Arabiya English. Iraqi lawmakers are seen during the first session of the new Iraqi parliament in Baghdad. (Reuters) Sources also said that the political groups had agreed that the next prime minister would have the freedom to choose the ministerial structure of his government. Al-Eshaiker confirmed that he was among the nominees for prime minister and thanked all those who trusted him as an independent technocrat candidate. Al-Eshaiker, an electronic engineering graduate from the University of California in 1985, expressed via Facebook his appreciation for the people’s trust and support for his candidacy. He highlighted that the incoming government has many challenges to improve the political, economic and security situation. “Ministers needs to be chosen according to integrity, experience and competence standards,” he wrote. Al-Eshaiker pointed out that Iraq is on the edge economically. “There is no way to continue with the quota system. Dividing the ministries according to the nationalities and sects was the reason for the reluctance of most voters not participating in the last parliamentary elections,” he wrote. Al-Eshaiker, an economic and political expert, was born in Karbala governorate. He was previously one of the Bairaq al-Khair al mondawi in the Victory Alliance headed by Haider al-Abadi. So far, al-Fath, Saairun, al-Qarar, al-Wataniya and al-Hekma had approved accepted him to be one of the candidates, while he awaits for other blocs to approve. Al-Eshaiker had established many electronic labs in the US, Mexico, China, Thailand, Taiwan and Singapore, he was the General Manager of Motorola Iraq from 2003 to 2007. Then he became an economic expert in the premiership before being CEO of Asia cell Telecom in Sulaymaniyah and then he managed the Nalco Oil Company in Basra. The main factors of al-Eshaiker’s program mainly depends on a strong developmental economic program, aside from the policy of piling employees in the governmental departments and allowing the free economy to take its natural place in construction, industry, agriculture, trade and tourism to absorb the Iraqi competencies and the unemployed labor force, to raise the living standards and service for all the Iraqi people. Last Update: Monday, 24 September 2018 KSA 01:42 - GMT 22:42 LINK

Our economy, the government of voluntary absence and the independence of the central bank 05/03/2020 Banking advisor Samir Al-Nassery The central banks in the world are independent financial and sovereign institutions in the implementation of their tasks and monetary policies and outline their strategy to achieve their goals in supporting the national economy and promoting economic stability in a way that achieves the welfare of society. After 2003, the Central Bank of Iraq, in accordance with its Law 56 of 2004, followed in the footsteps of international banks, especially after the country passed the economic and financial crisis and security turmoil in 2014 for known reasons. His role was clear in supporting the national economy and achieving economic resilience and on the occasion of the statement of the Prime Minister of the resigned government to the President of the Republic and the House of Representatives and his declaration that he is going to voluntary absence and will not exercise his constitutional and legal powers due to the political reality that the country is going through now and the attractiveness of choosing a prime minister New to the new interim government after the Prime Minister-designate apologized. Going to voluntary absence and not forming a new government means that the 2020 budget will delay its approval and that its economic effects will harm the national economy and consequently will harm citizens and construction and investment will stop and it is expected that the planned deficit will rise to the limits of more than 50 trillion dinars with expectations of global oil prices falling to less than 50 dollars a barrel until the third quarter of this year due to the consequences of the Corona virus and slow growth in the global economy and this is certainly in the case of continued economic conditions in Iraq will lead to economic stagnation and then recession after several months and then we will return to square one Which it is suffering experienced by Iraq in 2015. And considering the essential role played by the central bank at the time when it addressed the economic and security shocks and supported the national economy and helped it withstand good governance and sound policies and applications of monetary policy with daily procedures and mechanisms. As the Central Bank of Iraq administration, its work team, and its cadres proved that they had a prominent role in promoting economic resilience and taking a steady step towards economic stability through wise and rational efforts and measures in the applications of monetary policy and development policies of the Central Bank in the difficult economic phase of Iraq, they were able to draw a clear roadmap for the goals And aspirations to achieve economic stability and stimulate economic growth through important achievements they achieved during the past five years, the most important of which is to maintain inflation by no more than 2% and a good level of adequacy of foreign reserves within Acceptable rates according to international standards, maintaining the stability of the exchange rate, stimulating the banking sector in an organizational, supervisory and supervisory manner, facing the current political crisis and conditions of popular mobility, and ensuring that the Iraqi banking sector is solid and able to withstand shocks compared to neighboring countries that have gone through the same conditions. 👉The available data confirm that the critical situation of the Iraqi economy needs the intervention of the central bank to face the new conditions and this requires the new government to believe in the independence of the central bank and not to interfere in the appointment of its leadership and technical and professional cadres during its interim period 👈 and until early elections and the coming of a new parliament and government come because the current administration It proved successful in the most difficult of circumstances and saved the national economy from collapse when the Minister of Finance announced in 2015 that the government would not be able to secure the salaries of employees and retirees. Because the focus is on the independence of the central bank and its distance from tensions and Political interests are the solution to overcoming economic crises and achieving economic stability.👈

An agreement between the Communications Commission and the Central Bank to activate the electronic banking system 04/03/2020 Baghdad - Mawazine News, The Media and Communications Commission discussed with the Central Bank of Iraq, on Wednesday, a memorandum of understanding on the basis of which the system will develop the electronic bank and provide technical consultations within the projects of the Dom 2025 strategic initiative. The authority stated in a statement received by Mawazine News, a copy of it, that "the authority, in the presence of the head of the executive branch Ali Nasser Al-Khuwaildi, member of the Board of Trustees Salem Mashkour, technical assistant, directors of the video and audio regulation department, the comprehensive service department and the communications regulation department, discussed with the governor of the Central Bank Ali Al-Alaq and members From the Board of Directors, the Dom 2025 strategic initiative has set among its priorities the development of the financial and banking sector and the contribution to the transition towards digital financial trading, as well as training and development programs for technical cadres with the assistance of the International Telecommunication Union. Al-Khuwaildi said, "The commission is keen to communicate with all institutions and the central bank, foremost of which is the basic pillar of the state." Al-Khoweildi suggested "forming a joint team that takes it upon itself to develop a memorandum of understanding between the authority and the central bank to implement strategic technological programs that could benefit the rest of the sectors, such as agriculture, the economy, health, education, and education." For his part, Al-Alaq stressed that "the economic and financial aspect is the most challenging in Iraq, and the electronic banking transformation will contribute to its growth, especially with the presence of 70 private banks and hundreds of exchange companies," expressing "welcome to the initiative of the commission to hold a memorandum of understanding for joint cooperation in implementing vital programs On the level of Iraq. " In turn, the Board member of the Board of Trustees, Salem Mashkour, referred to "the importance of the media in disseminating electronic banking awareness and dealing with the media in a transparent manner to establish a solid banking culture in a clear way away from ambiguity", calling the central bank to "sponsoring media campaigns aimed at spreading economic awareness and the importance of technology in its development ". The statement pointed out that "the first items of the memorandum of understanding were also discussed, which included developing programs and applications for the banking and financial transfer system and training cadres to manage them, in addition to technological projects to support other sectors and state institutions in general. The agreement also included the establishment of projects in rural and remote areas represented in the delivery Communications services, building schools, hospitals and other service projects. "Ended 29 / p https://www.mawazin.net/Details.aspx?jimare=88849

@Adam Montana 1 - I'll need more info on "1,000,000 IQD is forbidden". The rule is $10,000 (USD) and up must be declared in most countries. Details .. Customs issues an amendment to the rules for permission to enter and remove funds The authority said in a statement that Alsumaria News received a copy of it, that it "issued the first amendment to the controls for declaring the money when it was entered and removed across the Iraqi borders No. (1) for the year 2017 issued by the Money Laundering and Terrorist Financing Office, which includes the following: 1- The following is added to paragraph (5) of the controls, and item (c) thereof: C - The customs authorities have the power to search people and inspect their luggage to verify the authenticity of the information declared upon investigation or suspicion of a false statement or a case of withholding the permit or in case of suspicion that the funds being transferred are illegal. The following shall be added to the controls, and paragraph (8) thereof: (8) The amounts permitted to be entered or removed from and to the territory of the Republic of Iraq include the following: A - Amounts below (10,000) (ten thousand US dollars) or its equivalent in other currencies without declaring it. B - Amounts exceeding (10,000) (ten thousand US dollars) to (20000) (twenty thousand US dollars) provided that they are declared with the necessity of showing them in support of the purpose of entering or removing these sums and in the event that the supporting documents are not available, the traveler makes a pledge By bringing those documents after (20) days from the date of the permit. A- It is forbidden to enter or remove amounts in excess of (20,000) (twenty thousand US dollars) or its equivalent in other currencies, and the process of entering or removing these amounts through financial institutions is exclusively. D- It is forbidden to enter or remove amounts in excess of (..., ... 1) (one million Iraqi dinars) even if it is declared and the amount is seized and legal measures are taken against it. The Customs Authority noted that "the amendment entered into force on 19/2/2020 at border crossings." —————————————————————————————————— @Adam Montana 2- I still remember my first trip to Dubai, where there was a security checkpoint that required removing our shoes and they sprayed everyone's feet with disinfectant on the way through... but regarding your question, I'm going to need a link to be sure we are discussing the same thing Posted February 25 The Central Bank of Iraq clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies The Central Bank of Iraq clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies The Central Bank of Iraq clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies On Tuesday, the Central Bank of Iraq issued a brochure entitled "The Window for Selling Foreign Currency in the Central Bank of Iraq." The bank said in a statement, "The brochure clarifies the administrative framework for financing imports and the mechanism of selling foreign currency to banks in covering their customers' requests." He added, "It also clarifies the process of collecting and sterilizing the local currency considering that this bank represents the monetary authority in Iraq Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. ... The sterilization process is used to manipulate the value of one domestic currency relative to another, and is initiated in the foreign exchange market.

I disagree. Nail his hide to the door. Threatening SCJ should not be allowed. They started this party with accusations, time to pay up for participating.

Al-Rafidayn reopens the Assyrian branch in Mosul Thursday 05 March 2020 - 08:50 Baghdad - conscious Rafidain Bank announced today, Thursday, the reopening of its branch in Mosul to provide banking services to citizens. A bank statement received by the Iraqi News Agency (INA) stated, "The Assyrian branch in the Al-Muthanna district of Mosul has been reopened in the presence of the representative of the northern region, the director of the Central Bank of Iraq in Mosul, and employees, elders and notables of the province." He added that "the opening of the branch will contribute greatly to reviving the economic movement, reducing the burden of employees upon receiving their salaries, and will also contribute to the availability of cash and promoting all other banking transactions to citizens." link

Short not Sort. Geez.

If you are going to hang with a bunch of crazy people just make sure to wash your hands frequently.

Parliamentary efforts to reduce the interest of bank loans Wednesday 04 March 2020 Baghdad / Al-Sabah / Shaima Rashid The Parliamentary Finance Committee ruled out that the budget for this year 2020 would be voted on due to the lack of time remaining, while its efforts to reduce the benefits of bank loans indicated that it leads to a decline in the economic growth of the country. Member of the Finance Committee Ahmed Al-Hajj Rashid said in a statement to "Al-Sabah": "The issue of interest is one of the methods of monetary policy, and the benefits are measured by the economic activity of the country. The more successful the activity, the higher the benefits and vice versa, meaning that the activity if it is weak must be benefits." Few, and if the government wants to reduce public expenditures, it must increase interest. " He added that "the economic situation in Iraq is deteriorating and flabby, and the high benefits lead to people not borrowing from banks, and therefore the funds in the banks are idle and inactive money, which in turn leads to a decline in economic growth," noting that "the central bank is responsible for monetary policy It is an independent authority that no one can interfere with, noting that “the Finance Committee will strive during its upcoming sessions to host them and discuss the possibility of reducing benefits.” As for the 2020 budget, Rashid said, “There will be a budget for this year due to time constraints,” noting that “the 2020 budget It has a deficit of 50 trillion dinars, which is what g Late in the Ministry of Finance, and therefore the parliament can not be passed, and only arrived in the financial statements. " To that, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, called the boards of directors of Iraqi banks to reduce the interest rate on loans. Saleh said: "The economic problem of Iraq lies in the fact that the interest rates are high for many reasons, the most important of which is the liberalization witnessed by the Iraqi banks, as freedom was given to the administration of the Council of Banks by determining interest on loans and deposits in the central bank, when one participation is called the monetary policy interest that banks borrow from the bank". link

Welcome back Thugs, Now stop clowning around and get to work.

https://cbi.iq/news/view/1449 The central bank begins a sterilization campaign for its building in the Basra branch 4th March, 2020 The Central Bank of Iraq / Basra branch, in cooperation with the Directorate of Civil Defense in the province, and in the presence of the radioactive chemical chemical team (CBRN), initiated cleansing and sterilization operations in the Central Bank covering all building facilities, to guard against the spread of infections by "Corona Virus ".

Define 'Huge' ! U Mean Like Size 22 Clown Shoes 'Huge' ? LINK An agreement between the Communications Commission and the Central Bank to activate the electronic banking system 4th March, 2020 The Media and Communications Commission discussed with the Central Bank of Iraq, on Wednesday, a memorandum of understanding on the basis of which the system will develop the electronic bank and provide technical consultations within the projects of the Dom 2025 strategic initiative. The authority stated in a statement received by Mawazine News, a copy of it, that "the authority, in the presence of the head of the executive branch Ali Nasser Al-Khuwaildi, member of the Board of Trustees Salem Mashkour, technical assistant, directors of the video and audio regulation department, the comprehensive service department and the communications regulation department, discussed with the governor of the Central Bank Ali Al-Alaq and members From the Board of Directors, the Dom 2025 strategic initiative has set among its priorities the development of the financial and banking sector and the contribution to the transition towards digital financial trading, as well as training and development programs for technical cadres with the assistance of the International Telecommunication Union. Al-Khuwaildi said, "The commission is keen to communicate with all institutions and the central bank, foremost of which is the basic pillar of the state." Al-Khuwaildi suggested "forming a joint team that takes it upon itself to develop a memorandum of understanding between the authority and the central bank to implement strategic technological programs that could benefit the rest of the sectors, such as agriculture, the economy, health, education, and education." For his part, Al-Alaq stressed that "the economic and financial aspect is the most challenging in Iraq, and the electronic banking transformation will contribute to its growth, especially with the presence of 70 private banks and hundreds of exchange companies," expressing "welcome to the initiative of the commission to hold a memorandum of understanding for joint cooperation in implementing vital programs On the level of Iraq." In turn, the Board member of the Board of Trustees, Salem Mashkour, referred to "the importance of the media in disseminating electronic banking awareness and dealing with the media in a transparent manner to establish a solid banking culture in a clear way away from ambiguity", calling the central bank to "sponsoring media campaigns aimed at spreading economic awareness and the importance of technology in developing". The statement pointed out that "the first items of the memorandum of understanding were also discussed, which included developing programs and applications for the banking and financial transfer system and training cadres to manage them, in addition to technological projects to support other sectors and state institutions in general. The agreement also included the establishment of projects in rural and remote areas represented in the delivery Communications services, building schools, hospitals and other service projects.

I live in Louisiana and there seems to be no slow down in the oil drilling industry, in fact I saw a recruiting add today offering entry level jobs with no experience necessary and offering lots of overtime. Lots of these young men working as drilling consultants work 14 days on and 14 days off making $2,000 plus a day.

Thank you for the great post Adam. I put up 2 posts last night that basically stated that there is still a good demand for oil. I also read that the CEO of Chevron stated that oil demand was solid. The ppb has gone down but it’s hanging in there considering China was basically off line for 2 months. They are now at 60% capacity in their factories and are ramping up as the CV subsides. Drill Baby Drill.

"Reap the Whirlwind" is an expression usually reserved when one is threatening the life of another human being. It's most famous juice was in the movies Young Guns and Young Guns 2 by Billy the Kid. Chuck you Schumer use that expression threatening 2 Supreme Court Justices yesterday. Nancy Pelosi said Terry gup the State of the Union speech what's better than the alternative oh, what was the alternative? These people hold High positions of power within our government and are threatening the lives of other government officials, this is called SEDITION. Watch "Schumer accused of threatening Kavanaugh and Gorsuch during rally" on YouTube

Yep, he crossed the line.

https://www.thebaghdadpost.com/en/Story/47346/Iraqi-revolution-a-quantum-leap-in-collective-awareness Iraqi revolution...a quantum leap in collective awareness The Iraqi youth rose up against corrupt government in October last year and they are still paying the price of this with their blood as they seek to end such regimes. What the current crop of politicians apparently do not want to understand — or they overlook selectively — is that recycling the same group or their relatives, or even individuals who were appointed in previous criminal governments, is what the people on the streets believe to be the cancer that is eating away at Iraq’s political system and what is left of the state. This applies from the highest official to the most junior employee, including those in the economic and security sectors. What is more dangerous than all of this is that it has become an integral part of daily life. It has become normal for ordinary people to have to protect themselves, to seek benefit from somewhere, or simply to make do. Corruption, in all its forms, is no longer restricted to the ruling class, but has made its way down to society in state departments and their employees, schools, hospitals, in the streets, airports, ports, markets and even families. This threatens their survival and has made it easy for radicalisation, terrorism and fragmentation to spread. This is what the country has experienced during the years of occupation and what has resulted from the armed militias and terrorism that feed on corruption, especially with the availability of massive oil revenues, which is what the uprising wants to eradicate. Ordinary people reject the recycling of politicians, not because they do not like the look of them; or because they are fond of sleeping in the squares in protests away from their homes and families; or out of desire for such positions themselves; but because they know very well the magnitude of the disaster caused by corrupt rulers and thieves. They also know what having them remaining in their positions will do to the country. This is a quantum leap in collective awareness and making it a priority is necessary. It is a continuation of what the ordinary citizens in other countries have achieved; they too are living in transition from onegovernment to another, although there are some differences. In Tunisia, for example, there is a successful model of transitioning from a tyrannical regime to a democratic government. It is no longer a secret that the course of the revolution would not achieve the youth’s aspirations for a better future and the independence of the state and its security, if the corrupt government established by the former regime was not eradicated. Despite the political change, the society still lives part of the past, and therein lies the danger. Transitional justice failed in Iraq after the early years of occupation for many reasons, including the inability to work under the occupation, the racist policies of its local sectarian governments, and a lack of political and security stability. The path to transitional justice, including accountability, truth, dignity and reparations in Tunisia, did not achieve the expected success. The International Centre for Transitional Justice noted this a few days ago at an international conference in Tunisia on truth, accountability, recovery of looted funds and how transitional justice can combat corruption. The centre says that the disruption was caused by limiting transitional justice to violations of civil and political rights. They noted that some countries, such as Argentina, Chile and South Africa, focused on crimes such as torture, murder, forced disappearances and prolonged detention without looking into the corruption that was endemic among officials. Notable exceptions have been mentioned in only a few countries, where transitional justice contributes to pursuing accountability for both human rights violations and corruption. The situation in Iraq differs in that it is experiencing transitional justice in several ways, perhaps the most important of which is the lack of sovereignty, the absence of a government that represents the people, the prolonged violations of human rights, and the country ranking high on the list of administrative and financially corrupt countries. The magnitude of theft in contracts and currency smuggling has reached hundreds of billions of dollars, figures that ordinary citizens cannot fully comprehend until they are expressed as $15,000 per person (if we are counting only half of the wasted income from oil only since the occupation in 2003); that is $100,000 per Iraqi family. However, following other countries’ experiences with transitional justice, such as Tunisia and South Africa, and looking at their experience in combating corruption and recovering illegally looted and acquired assets, as well as holding the corrupt officials accountable, it is necessary for judicial reform and the reform of other state institutions in order to benefit from their successes and avoid their failures. The similarity of oppressive authoritarian regimes and the restriction of national wealth to a few corrupt hands makes the experiences of confronting such regimes and uniting the efforts to get rid of them valuable beyond just one country. This imposes forms of struggle and solidarity that are not necessary new, but in some cases take us back to the era of national liberation. We are noticing this among the youth in the liberation arenas in Iraq, Algeria and Lebanon. The concepts that peoples have long fought to regain, because they are part of their rights, such as their homeland, freedom, dignity and punishment of the oppressors and the corrupt, have been restored to the forefront of the growing realm of consciousness. They are the same values that the colonists wanted to erase and managed to do so over time, in cooperation with the local corrupt elite. This success emerged in the form of authoritarian and sectarian governments in addition to submission to the occupier. The depth of the demands of the uprisings for the homeland became clearer with the continuation of theprotests and the martyrdom of young people almost daily. The demands to topple the regime and hold the killers accountable, as well as calling for an end to nepotism and favouritism, are essential to determining the composition of the next government, albeit transitional, and to establish the foundations of any future national administration. It is a qualitative leap that combines the ambition to clean up politics, the judiciary, the economy and practices that have permeated the structure of society for decades. These are necessary tasks if Iraq is to rise from its repression. The uprising, with the courage and sacrifices of its youth, has given the people hope for real change, and not just recycling the corrupt politicians, which was the case in the past. It has also raised awareness that the injustice, humiliation and deprivation of rights are not targeted at individuals, but are aimed at all citizens collectively. This is what the current government, with all of its illegal weapons used against protestors daily, brutally and immorally, will not be able to eliminate forever, despite its desire to do so.

I think Steve Scalise would probably disagree.

Warren is out!!

Kinda liking this al-Eshaiker , hope he's got a snowball's chance ,, thanks CNN

Maliki should have been "Saddam Hussained" from an even longer rope after 2014. I will never forget how puny he looked in the pictures of him visiting as PM in Tehran with his little tiny hands placed perfectly on his knees , and looking down at the floor like a scared little rabbit.... He was never a leader, just a pathetic scared little man

yep pretty much...deicion to add three zeros was not made by iraq, so the decision to remove is also not made by iraq....Adam in mho is correct doesnt matter who is in charge rate adjustment will occur.

Al-Abadi presents on a plate of gold a precious initiative to solve the ruling crisis .. Will Mr. President take it? Policy , 4/20/2020 16:44 Baghdad - Iraq today: Today, Wednesday, President of Al-Nasr coalition Haider Al-Abadi presented a six-point "solution to the crisis" initiative, including the formation of a future government with the involvement of activists and the appointment of an adviser to the Prime Minister for mass demands Al-Abadi said in a statement, "We call on all parties for solidarity solutions that will break the country out of its crisis, and the need to show wisdom and a spirit of compromise away from narrow interests, high ceilings and risk-taking adventures." He added, "To overcome the crisis of trust and the emptiness of authority, and based on our national responsibilities, we offer the following initiative: 1 assigned His Excellency the President of the Republic an independent, efficient and strong personality to head the government within 15 days. 2 Formation of a mini government to manage the transitional phase, provided that it does not exceed one year from the date of its development Responsibility 3 The primary tasks of the government are to hold early and fair elections, with a UNAMI partnership, no later than 12/31/2020, to control security, to confine arms to the state, to bring the perpetrators of the demonstrators and security forces to justice, and to impartial national decision. 4 The Prime Minister-designate obliged to form a government away from the hateful party allocation, while preserving the representation of national societal diversity. 5 Engaging professional and government activists, and appointing an advisor to the Prime Minister for mass demands, to ensure the involvement of the public in managing the transition. 6 Formation of special committees (tripartite) from the government, the UNAMI, and the demonstrators, to supervise the following tasks: holding elections, investigative committees for killing demonstrators and security forces, and re-establishing security in Iraqi governorates. link

I just read where Sort positions in oil have tripled since the beginning of the year. https://oilprice.com/Energy/Energy-General/Short-Positions-In-Oil-Have-Tripled-Since-Beginning-Of-The-Year.html

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Source-No-Wednesday-Deal.html OPEC Source: No Wednesday Deal By Julianne Geiger - Mar 04, 2020, 2:30 PM CST The OPEC meeting of ministers from OPEC, Russia, and other non-OPEC producers ended its meeting day without agreeing on a solution to the coronavirus problem, with Russia holding out, an OPEC source told Reuters on Wednesday afternoon, raising doubts that the group will get a bigger cut deal done after all. While Saudi Arabia and a few others had pushed hard for additional cuts—some as much as 1.5 million barrels per day—through the second quarter, Russia, who sits in a better place budget-wise to withstand lower oil prices, instead lobbied to merely keep the existing cuts in place through the end of the second quarter. And while President Vladimir Putin earlier this week saidthat Russia was willing to continue its cooperation with the OPEC+ group, it is no secret that the Russian oil companies were not eager to sign on to additional cuts. Russian Energy Minister Alexander Novak left the Joint Ministerial Monitoring Committee meeting today after discussing the proposals for three hours. Russia’s reluctance to sign on to cut even more oil production does not bode well for the oil markets, which have taken a severe beating by the coronavirus since the beginning of the year. Analysts have surmised that the markets were already pricing in additional cuts by OPEC+, and any failure to fulfill market expectations could have a profound negative effect on oil prices. OPEC has routinely pulled out a win in the eleventh hour, so all hope is not lost, and the bump in the road that is Russia may serve to successfully manage expectations in a market that was primed for a cut between 600,000 bpd and 1 million bpd. Last week, rumors surfaced that Saudi Arabia and two other OPEC members would be willing to go it alone should Russia fail to jump on board with additional cuts.

Who ? LINK World Health warns of the "Corona" transmission of healthy people by touching paper currencies 15:27 - 04/03/2020 A new danger looms about the possibility of the transmission of the new "Corona" from its sufferers to the healthy ones, through a bridge of dealing in paper currencies. Foliar, so it recommends that you wash your hands immediately after touching any paper currency, because "Corona" may be transmitted through it from one person to another, and suggested using different methods of financial handling because the emerging "Coronian" virus may remain for several days on the surface of the fiat currency. Last month, banks in China and South Korea started clearing and isolating the securities used to prevent the deadly virus from staying in them. Values of the Chinese Central Bank stated at a press conference that the bank uses UV rays or high temperatures to purify and sterilize the securities, then Isolate it in quarry for 14 days before recycling it. The measures of the Central Bank come in parallel with the increasing hesitation of the Chinese to use the currency for fear of catching the infection, although most securities dealers have used their smartphones to pay their dues and the price of their daily purchases for years, but the Chinese Central Bank has put up sterile 4 billion yuan in securities. (53 million euros) in the province of Hubei, where the epicenter is the epicenter. Yesterday, a WHO spokesman told the British Daily Telegraph: “The money moves between our hands frequently and can pick up all kinds of bacteria and viruses (..) so we advise people to wash their hands after dealing with them, and avoid touching their faces when possible, to reduce From the risk of transmission, ”he says. It is not yet known, and definitively, how long a new corona can live outside the human body, with an almost certain possibility that it can remain contagious for contaminated objects for up to 9 days at room temperature, according to what was indicated by the analysis of 22 previous studies of viruses Similar. However, antiseptics can be removed quickly, and they may also be destroyed by high temperatures. Also, a warning was issued by experts of the "Russian Federal Authority for Consumer Protection" summarizing that securities "are the most common way to transmit a pathogenic infection, including influenza, as its virus can stay on the paper currency for two weeks, and it can be infected upon receiving the salary, whether through the treasury or Via ATMs "and advised that it is necessary to completely move away from" antibiotics "because they are not useful in combating viral infections. As for protection from "Corona", the hands are washed well after contacting the paper currency.

Thanks Adam for the updates. Just hope the Iraq is ready to kick some @** and start doing something about the RV....let's hope they do, I ain't gettin any younger Once again, thanks for all you do Now......Gooooooooooo RV

Thanks Adam

Thanks Adam for all your work. It was a big week for us out here and your post had some great insight and information. Thanks Again

Nice update today...enjoyed the read. Thanks for the information and efforts that is put into this every week! Best Wishes to all...

It's final and straight from the top Man (Adam M) auctions and whom ever is PM does not matter regarding the RV. Unless Maliki sneaks in. Thank you Sir for all of the above.