dinareffic

The Cabinet authorizes Araji to sign the draft investment protection agreement between Iraq and America Session of the Council of Ministers money and business Economy News Baghdad: The Cabinet decided on Tuesday to authorize the head of the National Investment Authority, Sami Araji, to negotiate and sign a draft agreement to promote and protect investment between Iraq and America. The Council of Ministers decided in a meeting today Tuesday to authorize the Chairman of the National Authority for Investment the authority to negotiate and sign the draft agreement on the promotion and protection of investment between the Government of the Republic of Iraq and the Government of the United States of America, as amended by the Council State Shura ". He added that "the Minister of Transport was authorized to negotiate and sign the draft air transport agreement between the Government of the Republic of Iraq and the Government of the United States of America." http://economy-news.net/content.php?id=8416

Forgive me if already posted

Iraqi banks are looking with the US Treasury to open relations with foreign banks 10:14 - 19 July Last updated 10:36 - 19 July 17 The government, private and foreign banks operating in Iraq, on Wednesday, discussed with US Treasury officials at the headquarters of the Association of Iraqi private banks to open relations with foreign banks, specifically US banks. "We organized a dialogue session in the presence of Central Bank representative Mazen Sabah, representative of the Union of Arab Banks Khawla al-Asadi, member of the parliamentary economy committee, Mahdi al-Hafiz, directors of private and government banks and heads of branches of Arab and foreign banks operating in Iraq. With the Minister for Economic Affairs at the US Embassy Larry Mimot and representative of the US Treasury in Iraq. She added that "the dialogue session aims to open a new page of relations with foreign banks, specifically with US banks," indicating that "a committee formed by the Central Bank Mazen Sabah and agreed to form a delegation including government and private banks to visit the United States and establish strong relationships with correspondent banks, American. " She noted that "the Arab-American banking conference will be held in New York on the sixteenth of October next and Iraq will participate with a large banking delegation," noting that "there is great confidence between the Association of Iraqi private banks and the US Treasury." On the other hand, the Minister for Economic Affairs at the US Embassy, Larry Mimot, said during the meeting, "I have seen the activities carried out by the Association of Iraqi Private Banks, including philanthropy and the development of human capacities working in the banking sector through training, specifically in the file of combating money laundering and financing terrorism." He pointed out that "the banking sector is one of the main reasons for the development of the Iraqi economy and we will work with the developers to develop it, and encourage Iraqi banks to open relations with the Association of American private banks." He called Memot private banks to "the need to find new ways to lend to small projects because they contribute to the development of the relationship between banks and foreign companies that will lead to the development of relations with foreign banks," pointing out that "the US government can not impose anything on private banks." "Central Bank representative Mazen Sabah said that" Iraq is committed to international standards, specifically in the areas of combating money laundering, risk management, insurance and international accounting, and the tightening of the central bank on the need to adhere to banks operating in Iraq these standards, especially after the issuance of the classification of banks, "noting that "Iraq is moving during the current stage to open relations with foreign banks and Arab and began to form a committee on this matter." On the other hand, the representative of the Union of Arab Banks, the head of Rafidain Bank, Khawla Asadi, said that "the classification of the new Iraq is in the follow-up area after leaving the gray area," noting that "Iraq is very much in the fight against money laundering." She stressed that "the Arab financial reports indicate that Iraq has an advanced classification of Arab, and we are working to develop relations with foreign correspondent banks." In turn, the Director of the International Development Bank, Ziad Khalaf, in an intervention during the meeting, "There are many Iraqi private banks are ready and comply with international standards and is ready to open accounts with foreign correspondent banks because of the ownership of a cadre of excellence and policies and procedures are subject to international standards in addition to Integrated services ". While, asked the Chairman of the Board of Directors of the Bank of the South Ali Zaidi, is the problem of opening bank accounts in global banks lies with Iraqi banks or foreign banks, specifically the US. In the meantime, the Director of the Commissioner of the Bank of Baghdad, on behalf of Dahi, "The government banks are taking over the banking business in Iraq because of the government policies that support at the expense of the banking sector." https://translate.google.com/translate?sl=ar&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fwww.alghadpress.com%2Fnews%2F110093%2FAlghadpress&edit-text=

Governor of the Central Bank's "Economy News": We expect economic mobility in the next phase He predicted the central bank governor, on the Keywords, Thursday, an economic movement throughout Iraq in the coming days after the liberation of the security forces from the city of Mosul, al-Daesh. Keywords and said in an exclusive interview for "Economy News", that "Iraq is on the verge of motionless economic results from the movement of reconstruction and construction in the liberated provinces of the organization Daesh," noting that "Iraq will be able to attract foreign investment because of the stability of the security situation and increase the number of investment opportunities" . He added that "Foreign Investment will not get only the existence of an effective banking sector is able to accommodate this role and interacts with him and be a supporter and financier and facilitator of these operations," explaining that "the central bank now pays banks to be preparing for advanced roles until the development of its programs and systems to be able to the support of investments in the country. " http://economy-news.net/content.php?id=8337

You guys, I've been in this for 12 years and have never seen a flurry of this much positive CBI/financial news come out. I truly believe this is it.

Parliamentary Finance: the coming days will bring good news for employees 09:09 - 07/16/2017 Parliamentary Finance Committee revealed Sunday, about a shortage of some of the financial budget for the current year terms caused the lack of salaries of state employees, noting that the supplementary budget will be approved in the coming days will solve the crisis. The committee member said Magda Tamimi, in a statement / information /, said that "the general budget saw a financial imbalance in securing the salaries of employees in seven units will be remedied in the coming days." Tamimi added that "the supplementary budget to be discussed in the House of Representatives in the coming days will provide the amounts as planned in the budget," indicating that "the country Aishd financial crisis but administrative corruption and the dominance of some influential parties on customs and caused a shortage in tax money." The member of the Finance Committee in the House of Representatives Magda Tamimi revealed on Saturday, was seeking to cancel the deduction of employees' salaries after the liberation of Mosul operations. Finished / 25 d http://www.almaalomah.com/2017/07/16/175428/

Just my opinion but if that BIS link in new then this is something to get excited about

Getting in Early is Key to Success in Iraq, Conference told July 6, 2017 in Investment, Iraq Industry & Trade News More than 300 delegates attended a major Iraqi business event in London on Monday and Tuesday. The Iraq Conference for Trade and Investment (ICTI) was intended to highlight Iraq’s openness for business as it rebuilds its infrastructure and institutions, and it facilitated face-to-face discussions with key decision makers, Iraqi and British ministers, and business people and investors from all the major sectors. Opening the event, H.E. Dr. Salih Husain Ali Al-Tamimi, Iraq’s Ambassador to the UK, said: “There could be no better time to hold this conference … Security is no longer an acceptable excuse for the reluctance of British companies to enter the Iraqi market.“ Iraqi Minister of Foreign Affairs, Ibrahim Al-Jaafari, added: “Iraq is open [to investment] from all countries of the world.” Sir Jeffrey Donaldson, MP, emphasised the importance of acting quickly: “Now is the right time to invest in Iraq. Getting in early is the key to success.” Speakers included Baroness Nicholson of Winterbourne, the British Prime Minister’s Trade Envoy to Iraq and President of the Iraq Britain Business Council (IBBC); Dr. Sami Al-Araji, Chairman of Iraq’s National Investment Commission (NIC); and Jabar Al-Luaibi, Iraqi Minster of Oil; while the keynote speech was delivered by UK’s Minister for Trade and Investment, Greg Hands. http://www.iraq-businessnews.com

I'm so happy for the Iraqi people minus parliament members and malarky of course. Huge day for many generations

ISIS ousted from the Old City INTERNATIONAL | Thousands celebrate the completion of a four-month offensive in western Mosul by Mindy Belz IRAQ: Emerging from nearly three years of living under ISIS control, girls in Mosul today donned pink and tiaras instead of black niqabs to celebrate the Muslim holiday of Eid. Thousands poured into the streets of Iraq’s second largest city, as Iraqi forces raised flags above buildings in western Mosul following the ouster of ISIS from the Old City district. Iraqi forces have battled the militants in the city for months, liberating eastern Mosul in January and now completing a nearly four-month offensive to take back the western side of the Tigris River. Vian Dakhil, the Yazidi member of the Iraqi parliament who won the Lantos Human Rights award earlier this year, recounts the horrific atrocities committed by ISIS she and others are learning about as families are liberated in Mosul and elsewhere. The president of Iraq’s Kurdistan region makes the case for independence ahead of the September referendum. And the government in Baghdad unveils a 10-year, $100 billion reconstruction plan.

The new currency converter on the site excites me big time. I would be more excited if I had proof that low denoms were ready and loaded

Adams gonna like this one

Omg. This is beyond huge. This is unfolding before our very eyes

Too bad they didn't get egg head too. That guy needs to disappear fast like

I like this one

Hell yea. Get em boys

Bumpity bump

WOW!!! This is exactly what ADAM said. OPEC decision and HCL soon after. This has got me feeling all warm inside

BUMP

Flotation bank solution to the crisis of Iraqi funds Written by Economic news editor Date: May 17, 2017 Reports issued by some of the financial and monetary institutions locally and internationally discreet signals that the hard currency reserves in Iraq fell to $ 40 billion only !! In the first quarter of 2017 after it was at the beginning of 2014 more than $ 88 billion. This indicator needs to pause a serious and deep research to diagnose the defect and find quick solutions before entering the Iraqi economy in the arena of a new monetary crisis , knowing that the government 's secretive on this economic news. In this regard I suggest money experts and economists to form a crisis cell to discuss solutions and there are a number of solutions for the depletion of hard currency , including: - 1 floating currency which is a very difficult choice to apply in Iraq now. 2. cancel the auction currency (major disaster). 3. The re - activation of control over the financial transfer circuit. 4. border control and prevent the smuggling organization through the activation of the customs tariff law. 5. Adoption of documentary credits in import operations instead of selling the currency traders. 6. The restructuring of loss - making companies in the industrial sector and privatization. And take advantage of the hard currency resulting from the privatization. 7. attempt to decode the progressive link between the Iraqi dinar and the dollar and linked to the national currency to a basket of currencies , and this procedure needs to be a political decision and the will of the national and other solutions and plans but you need to correct a serious and work through the formation of a crisis cell to discuss the matter diagnosis. The appearance of Mohammed Saleh Financial Advisor to the Prime Minister has proposed the establishment of a bank to finance the private sector trade contribution of all commercial banks (government and private) and specializes in the function of opening letters of credit syndicated bank to finance the foreign trade of the private sector along the lines of the Iraqi Trade Bank , which is financed by government imports through the opening credits documentary. He pointed out that the Central Bank of Iraq supports the proposal as well as the Ministry of Commerce and the Ministry of Planning, to impose a state of Anzbat in the disposition of foreign operations / wholesale currency, with the availability of a strategic partner in the management and a global bank credit rating high level, adding , "forming the bank leave from the Central Bank and the Ministry of Commerce as a contribution to international banking practice and in accordance with the high foundations of governance , the separation of management from ownership and management of an independent board. Hoping that work on the formation of this international banking regulatory high - level entity. http://neniraq.com/econews-141/

There is as much green in this article as there is on the latest map of Mosul. All good

Iraqi private banks are calling for «Central» to activate the monetary policy United Bank for Investment Building (United Pennek.kom) Version: Paper - International Wednesday, May 17 / May 2017 (01:00 - GMT) Last Updated: Wednesday , , July / May 201 717 (1:00 - GMT) BAGHDAD - Adel Mahdi Called on the chancellor in the «Iraqi private banks association» Samir Nasiri, «the Central Bank of Iraq» to activate its monetary policy to support the private banking system, and re-examine the policies and lending departments of credit risk, with an emphasis on the lesson some observations in the strategic framework adopted in the coming years. He said in an interview to «life», that the implementation of the Iraqi Central Bank's strategy for the coming years, requires a lesson set of observations, including monitoring the implementation of future policies of cash until the year 2020 with the contribution of the banking sector in gross domestic product (GDP), as well as the search for new policies to achieve this goal and allow banks government and private participation in the growth and investment in accordance with the mechanisms and policies that are applicable, and without imposing strict policies and to give adequate elasticities. He added that it is necessary to seek to address the apparent gap between the fiscal policies of the state and monetary policies adopted by the Central Bank and the requirements of the anti-inflationary pressures, in addition to reducing current spending and coordination in the plans and programs that save the Iraqi economy from financial collapses. He also pointed Alnasiri, to the importance of activating the monetary policy to support the private banking system, and the revision of policies and lending mechanisms of credit risk management in the granting of credit to small and medium loans, in addition to investment in production and investment sectors that achieve cash flow, and revive the economic cycle, which contributes to economic development and diversify the financial resources of the general budget. In the context of the sale of the dollar process for which the «Central» organized, Alnasiri called for accurate follow-up instructions for a window of foreign currency issued this year, and the need to define the role of banks in the mediation between the customer and the «Central», in addition to determining the responsibility of the ministries of trade, finance and planning irregularities committed by some customers, and not only load responsibility for banks. He stressed the importance of the adoption of boards of directors in the strategy of banks operational risks and implementation, and review debt doubtful according to the list of guidelines, re-elasticities and periods of time for additional banks to liquidate these debts accruing mostly to civilian migration from their provinces for security reasons beyond their control. And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks. He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices. The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors. He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it. He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively. He added that the relative stability of the rates of the exchange rate of tight monetary policy and the stability of the financial system, as well as reducing inflationary phenomenon and to control the levels of liquidity and management, and to encourage banks to move towards the market, of the most important tools that have been achieved in monetary policy from 2004 to 2006. http://www.alhayat.com/Articles/21900823/%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5%D8%A9-%D8%AA%D8%AF%D8%B9%D9%88--%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A--%D8%A5%D9%84%D9%89-%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9

CBI has always said. Stability + Security is what is needed for monetary reform. Liberation of Mosul is the security and this goes along way to the stability part

Lmao. God I miss that show

I see a lot of green on that map, which I hope to see the same in my bank account soon 😉