danielchu

Question is will he meet with trump? OR will president trump say your not official and dismiss him!

Bet those that bought the riyals are not happy now!

One wonders if you can not get your government together what are we doing here?

LOL ariblish can be fun ... he saying they are tied to PRES Trump and (Netanyahu).

Floating of the dinar will not happen at first.. maybe KAPERONI should have done some home work!

SLOW go got too go !!!!

yep saw a big foot once

Address 114 Tahrir Street - Al Dokki - Giza Cairo, Egypt Phone +20 2 37624298

7 branches abroad (United Kingdom, Jordan, United Arab Emirates, Yemen, Sudan and Egypt) https://www.un.org/securitycouncil/sanctions/1518/materials/summaries/entity/rafidain-bank Address: Shreim Commercial Complex, Beat Seera St 4, Amman, Jordan King Ghazi, Down Town, Amman P.O.Box: 1194, AMMAN, 11118, Jordan. Tel.: +962-6-4624367 Fax: +962-6-4658698 e-mail: rafbank@go.com.jo www.rafidain-bank.org

Contact Information Rafidain Bank Europe United Kingdom England London London Address: Rafidain Bank Bldg, 7/10 Leadenhall St, London, EC3V 1NL Phone: +44 20 76263244 Fax: +44 20 78224652

OK will make this easy its a good thing!

YES they do and are getting it...

not trying to take credit for post!

chris2k4 Advanced Member Members 0 32 posts Report post Posted August 6, 2011 (edited) see something strange, article in dates orders old ot new •The CBI’s plan for reducing the Iraqi dinar •CBI begins re-structuring of the local currency •CBI announces completion of plan to remove zeros from currency; Reprint 30 trillion dinars •CBI: Dont fear the dinar •Iraqi Dinar will regain glory and coins in our pockets soon •World Union of Arab Bankers: CBI is preparing to replace the currency soon* •CBI is preparing to replace the Iraqi currency after the cancellation of three zeros from Monetary value of the mass •CBI: Dont fear the dinar •Iraq: Towards the abolition of 3 zeros from banknotes •CBI: Project to lift zeros still on track just not implemented; Denies counterfeit currency is the delay •Experts call for citizens to address currency, Central undertakes small and replacing the damaged •CBI Advisor: Draft feminine change currency cash in line with economic growth •CBI, Economist weigh in on pro’s and fears associated with the lifting of zero’s •Senior banker calls for the activation of the reality of the work of private banks •CBI decides to develop coins as part of plan to restructure the currency •Ahzvo three zeros and stay tuned results •CBI Advisor would be surprised if executive, legislative branch calls for a delay in changing of currency •Iraq currency shops multiply as citizens trade IQD for USD; Officials say shops are flagrantly exploiting public ignorance •Economist: The return of the coin guide to control inflation •Iraq’s Central Bank mulling printing new currency •CBI: The decision to raise zeros from the currency maker .. and it needs to field work •Economist calls on CBI and Ministry of Finance to prevent corruption during the lifting of the zero’s from the currency •CBI denies the lifting of the zeroes from the currency this year •Delete the three zeroes from the Iraqi currency •Ministry of Finance: The risk of corruption can emerge when you change the currency •Economic Opinion: Deletion of zeros from the currency; Deceptively strong imbalances •Opinion: New Dinars for Old (from Iraq Business News) •CBI anounces that the deletion of zeros from the currency will be before the middle of next year •Iraq Said To Be Planning Currency Overhaul, Redenomination •CBI: “Structuring currency” includes lifting of the zeroes and the issuance of new categories •CBI declares its readiness to start deleting zeros; CBI to submit plan to Parliament for vote *** •CBI: Currency reconstruction needed to ease complex transactions*** •CBI has decided to execute monetary restructuring; Raising of the zeros *** •CBI denies the exchange rate affected by deleting the zeros •Iraqi dinar is trying to get rid of O’s … But!! •CBI: It is time to re-evaluate the currency, commensurate with the price changes and the wage in the economy*** •Dow Jones: Iraq Central Bank Studies Procedure To Remove 3 Zeros From Dinar*** •CBI study how to raise the value of the dinar •Iraqi central bank says that it will submit a law organizing the process of removing 3 zeros from the dinar *** •Iraqi List MP: Deletion of zeros from the Iraqi currency would overcome all the economic difficulties •CBI: The restructuring of the Iraqi currency inflation fit the cash block •Citizen of Dhi Qar concerns and questions on change of Iraqi currency •Iraq News Study: Raise zeros from the Iraqi currency, Part I and II •Put the finishing touches on the project raise three zeroes from the Iraqi dinar •CBI: Iraqi parliament is to decide to raise zeros from currency •CBI in process of dropping zeros from IQD **** •Delete the zeros from the Iraqi currency ** •Iraq economist calls for GOI to deal with inflation; Demanding quick procedures such as deleting the zeros from the currency •Researchers at Mustansiriya Univ. assert that the cost of lifting the zeros from the currency of the largest utility •Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund •Restructuring of the Iraqi currency without issuance of new categories •The central bank denies issuing currency class 100 thousand dinars •Flashback Feb 26, 2010: Iraq Planning Currency Redenomination •CBI adviser: Dinar will rise against the dollar in the coming period •Abrihi Ahmed Ali: Delete the zeros of the Iraqi currency •Experts: Delete the zeros from the currency will raise the value, Lead to revaluation •Shabibi and CBI advisors brief Iraqi parliament •Parliament questions CBI over deleting zeros •Iraqi Finance: Deleting the zeros from the currency will strengthen the position of Iraq to the IMF •Aljazeera: Call to delete the zeros of the Iraqi dinar •As of tomorrow displays the file “to delete the zeros of the Iraqi currency •Economists: Delete zeros will help to widespread use in the currency•Central Bank past by deleting the zeros of the Iraqi operation •An Iraqi official announced the adoption of a new strategy intended to raise the value of the Iraqi dinar against foreign currencies. •Al-Wazzan: Raising three zeros from the nominal value of the Iraqi dinar •The central bank is ready to delete the zeros from the dinar after the formation of the government directly •Central Bank project to delete the three zeroes from the dinar: objectives and risk Edited August 6, 2011 by chris2k4

LOL The CBI has said the DINAR will return too its former glory adjusted for time and inflation! Former rate WAS $ 3.22 good luck with that LOP !!

What makes you think its a suit? 😋

Nice to see the HCL being used!

IMF Executive Board Concludes 2017 Article IV Consultation with Iraq August 9, 2017 On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq.1 Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was little affected by the conflict with ISIS. This year, economic activity is expected to remain muted due to a 1.5 percent contraction in oil production owing to the OPEC + agreement to reduce oil production and only a modest recovery of the non-oil sector. The decline in oil prices has driven the decline of Iraq’s international reserves from $54 billion at end-2015 to $45 billion at end-2016. Fiscal pressures are ongoing, with the government deficit increasing from 12 percent of GDP in 2015 to 14 percent in 2016 despite the ongoing fiscal consolidation, due to weaker oil prices and rising humanitarian and security spending. The authorities have appropriately maintained the exchange rate peg. The simplification of documentation requirements implemented by the Central Bank of Iraq led to a decline in the parallel market spread to 6 percent in June 2017. Medium-term growth prospects are positive. Growth will be driven by the projected moderate increase in oil production and the rebound in non-oil growth supported by the expected improvement in security and implementation of structural reform. Risks remain very high, however, arising primarily from volatile security, political tensions, and poor policy implementation. The Fund is supporting Iraq through a three-year Stand-By Arrangement in the amount of SDR 3.831 million ($5.380 billion), equivalent to 230 percent of quota.2 Executive Board Assessment 3 Executive Directors agreed with the thrust of the staff appraisal. They welcomed the policies put in place by the authorities to deal with the shocks of the armed conflict with ISIS and the ensuing humanitarian crisis and the plunge in oil prices. While mediummdash;term growth prospects are positive, the mediummdash;term outlook remains exposed to significant risks, arising primarily from oil price volatility, unstable security, political tensions, and weak administrative capacity. Although performance under the Standmdash;By Arrangement has been weak in some key areas, understandings on sufficient corrective actions have been reached to keep the program on track. Against this background, Directors encouraged resolute implementation of the authorities’ program including continued efforts toward fiscal consolidation, strengthening the financial sector, and implementing structural reforms to promote private sector activity and improve the business environment. Directors noted the fiscal adjustment achieved in 2016, albeit at a slower pace than programmed because of weak control of investment expenditure and spending pressures stemming from the military campaign against ISIS and assistance to internally displaced people and refugees. They welcomed that this adjustment was achieved mostly through retrenchment of inefficient capital expenditure while protecting social spending. Directors welcomed passage of a 2017 supplementary budget and the authorities’ commitment to implement further consolidation measures in 2017mdash;18 to keep the program on track and ensure external and debt sustainability. They stressed that fiscal space needs to be found to enhance human capital and rebuild the physical capital of the country. Tackling the low level of non—oil tax revenue and very high level of public consumption would help create the fiscal room to finance growthmdash;enhancing investment. To strengthen financial sector stability, Directors encouraged the authorities to take measures to bolster supervision, and move forward with plans to restructure the statemdash;owned banks that dominate the banking system. They also encouraged strengthening the legal framework of the Central Bank, eliminating a remaining exchange restriction and a multiple currency practice, and accelerating implementation of AML/CFT and antimdash;corruption measures. Directors considered that the peg to the U.S. dollar, which provides a key anchor to the economy, remains appropriate. Directors stressed the importance of implementing structural reforms to improve the investment climate, diversify the economy, and achieve sustainable growth. They urged the authorities to overhaul public financial management, including by completing a regular inventory and paying down any arrears, and strengthening expenditure commitment and cash management to prevent the accumulation of new arrears. Directors also emphasized the importance of addressing weaknesses in administrative capacity and data provision. In addition, the implementation of the budgetmdash;sharing agreement between the Federal and Kurdistan Regional governments would put both governments in a better position to address shocks. It is expected that the next Article IV Consultation with Iraq will be held in accordance with the Executive Board decision on consultation cycle for members with Fund arrangements. https://www.imf.org/en/News/Articles/2017/08/09/pr17323-iraq-imf-executive-board-concludes-2017-article-iv-consultation

Then we will NEVER have a RV!

HCL at work!

This means sharing of the producing governorates not too each individuels!

Oil & Gas Law Key to Resolving Issues 16th July 2013 in Iraq Oil & Gas News Hawrami stressed the need to enact the oil and gas law, and said, “The law, which we are seeking to pass according to the constitution, will be the key for all the contentious issues between the two sides in the oil sector.” During a joint news conference with Kurdistan Region of Iraq President Massoud Barzani on Sunday, July 7, Iraqi Prime Minister Nouri al-Maliki said, “There are no disputes between the federal government and the provincial government, it is merely a divergence in views regarding the Constitution.” Hawrami continued, “Most of the differences are political and they arise from the non-application of the Constitution in relation to the distribution of proceeds.” Article 112 of the Iraqi Constitution stipulates: “The federal government with the producing governorates and regional governments shall undertake the management of oil and gas extracted from current fields provided that it distributes oil and gas revenues in a fair manner in proportion to the population distribution in all parts of the country with a set allotment for a set time for the damaged regions.” The article stresses, “The federal government, with the producing governorates and regional governments, shall undertake the management of oil and gas extracted from current fields provided that it distributes oil and gas revenues in a fair manner in proportion to the population distribution in all parts of the country with a set allotment for a set time for the damaged regions.” Hawrami downplayed the importance of the pressure exerted by Baghdad on oil companies operating in the region to discourage them from implementing the contracts. “This does not affect the work of these companies and they are ready to continue despite the delay in payment of their dues,” he added. “Crude oil reserves in the Kurdistan region, excluding the disputed areas, are at 45 billion barrels, and possibly even more. Yet the preliminary gas estimates are at 100 or 200 trillion cubic meters,” he said. Concerning his ministry’s plans to increase production in the coming period, he said, “The target production for 2015 is 1 million barrels per day, reaching 2 million barrels per day in 2019. As for the refining of crude oil and the production of hydrocarbons, they are estimated to increase to 150,000 barrels per day, and could reach up to 250,000.” http://www.iraq-businessnews.com/2013/07/16/oil-gas-law-key-to-resolving-issues/2/

Oil & Gas Law Key to Resolving Issues 16th July 2013 in Iraq Oil & Gas News Translated from Al-Hayat by Abdel Wahed Tohmeh, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan Region Natural Resources Minister Ashti Hawrami (pictured) said that the shares of oil companies operating in the region have exceeded $3.5 billion. He stressed the importance of the oil and gas law’s enactment, and estimated that oil reserves in the three Kurdish governorates are at more than 45 billion barrels. In an interview with Al-Hayat, Hawrami said that the negotiations with Baghdad will be in accordance with the law, which determines the Kurdistan region’s financial share of federal revenues. “The provincial government informed Baghdad at the beginning of this year that the investing companies requested more than $3.5 billion [in shares], and they are constitutionally entitled to this,” he said. He denied Baghdad’s accusations that the region is exporting crude oil without coordinating with Baghdad, adding, “This is taking place under an agreement with Baghdad to export our production, on the condition that 50% of proceeds is deducted to pay companies’ dues, while the other 50% is kept by the state treasury. However, all the proceeds were seized.” He denied rumors of smuggling, saying, “There is no oil smuggling, we do not accept such cheap accusations. What was claimed is a legal entitlement and it came because we forbid them from grabbing it.” He criticized the current management of the country’s imports, which “still follows the methods of the former regime and include laws that are imposed on us by force from the federal government.” Hawrami demanded that the central government provide the region with the 55 million barrels of fuel “that we did not receive from 2004 to 2012, and that are needed for domestic consumption.”

I also believe the HCL is complete and has been so for years !

No icremental creep of the currency RV or nothing!!