WalkingStick - PCC [Partial Convertible Currency] Started Two Months Ago On Forex With $1.70 - $2.00 PCC Testing !

[King Bean]

On ‎6‎/‎28‎/‎2018 at 2:17 PM, Botzwana said:

You just reminded me how much I hate women´s wrestling.

 

                                                  They wrestle ??? LOL. 

[DinarThug]

6-30-2018   Newshound Guru Kaperoni   Quote from Donald J. Trump: 

"Just spoke to King Salman of Saudi Arabia and explained to him that,

because of the turmoil & disfunction in Iran and Venezuela,

I am asking that Saudi Arabia increase oil production,

maybe up to 2,000,000 barrels, to make up the difference...

Prices to high! He has agreed!"  

As I stated before my concern was always increasing oil prices would cause Iraq to become lazy again and not move forward with the reforms. ...

President Trump this morning...

is calling on Saudi Arabia to increase oil production to lower gas prices.  

Reducing prices will also motivate Iraq.

[Pitcher]

SA has it's own agenda but they appear to be working with the Trump Administration to fill the gap of the Iran Sanctions.  SA wants to take Saudi Aramco public and need oil to be 80-100 per barrel.  They stated this week they will wait for a suitable environment (SE) to do that IPO.  There's that phrase again.

SA stated the SE may be obtained by late 2018 or early 2019.  You have to believe a deal has been struck between SA and the US to produce more oil now to keep oil prices stable.  After our elections you may  see oil over 80 bucks and SA gets its IPO.  Just a guess who really knows unless you are the fly on the wall during those meetings.  

 

Remember the summer in 2008 when oil prices spiked to 140 a barrel.  That didn't help McCain any in his election.  Election years produce strange occurrences in the market place. Mmmmm.  Trump wants oil to stay low to keep inflation low and keep the economy rolling. Higher oil prices is one of the top inflation ignitors. If oil spikes and inflation spikes with it then the economy and the stock market will decline sharply.  Trump and the GOP need a strong economy and low inflation to help it in the Nov. Elections.  Again, my opinion.  

 

WTIC is now over 74 bucks and the Permian Basin Drillers are producing at capacity!!!  I've been trading and investing in my favorite West Texas drillers for the past 3 weeks.                     PXD, EOG, CXO, XEC, CVX, OXY, 

 

[Pitcher]

King, Thug,  for the funny pics.  Way to keep it light.

 

 Could have used some of your levity yesterday in the 2nd Amendment (ANGRY!!!) forum.  

[DinarThug]

2 hours ago, Pitcher said:

King, Thug,  for the funny pics.

 

King Thug Is An Appropriate Title As I Proceed To Get ‘Crowned Royal’ Throughout The Extended Holiday Weekend !

 

     

[DinarThug]

 

 

     

[DinarThug]

 

 

 

     

[DinarThug]

No Wonder This Investment Sucks !  

 

     

 

 

 

Legislative vacuum to start in Iraq on Sunday: MP

June 30 2018 01:38 PM

delaying elections will create constitutional vacuum

 

 

Legal affairs committee of the Iraqi parliament said that legislative vacuum in Iraq will start on Sunday as the term of the current parliament is to expire.

Rapportuer of the committee Zana Saeed said that today is the last day of the sitting parliament, adding Iraq will witness constitutional vacuum as of Sunday.

He also allayed worries that a constitutional vacuum will happen, asserting the government will continue to perform its duties.

Given full powers, the government will continue performing its duties since it is an elected government, the MP stated, noting the country will see a legislative vacuum, not a constitutional one.

This comes as the Iraqi legislature has been seeking to extend its constitutional term, but all the efforts in this respect came to naught.

link

[DinarThug]

And This Just In From The Paris Hilton !  

 

     

 

 

 

New punitive measures besieging Iran internationally

- 5 Hours Ago

 

PARIS - An international body monitoring money laundering worldwide said on Friday it had given Iran until October to complete reforms that would bring it into line with global standards or face consequences that could further alienate investors.

Iran has sought to attract foreign investors after a 2015 agreement with the United States, Russia, China, France, Germany and Britain, lifting a number of sanctions in exchange for Tehran's agreement to restrict its nuclear program.

Iran is trying to apply the criteria set by the FATF, an international body to combat money-laundering and counterterrorism financing, hoping to remove it from a black list that some foreign investors are reluctant to deal with.

On Sunday, three days of protests erupted in the Tehran bazaar, in which hundreds of angry merchants and shop owners condemned the sharp devaluation of the Iranian currency.

Protests early this week gained political character, and demonstrators chanted anti-Iranian Supreme Leader Ayatollah Ali Khamenei and other senior officials whom the protesters called thieves and demanded they step down.

Bazaar traders, most loyal to the leadership since the 1979 Islamic revolution, have been angered by what they called the government's turbulent response to the crisis, which they said caused a sharp rise in prices that made trading almost impossible.

The punitive measures taken by the group could worsen the situation for its financial sector, which began to suffer from the US decision in May to withdraw from the nuclear deal

The Iranian riyal has lost 40 percent of its value since last month when US President Donald Trump pulled out of a nuclear deal in 2015 and imposed tough economic sanctions on Tehran.

These include seeking to stop Iranian oil sales, the main source of revenue, which has cast a shadow over the economy.

"The FATF is disappointed by Iran's failure to implement its plan of action to address the significant shortcomings in the fight against money-laundering and the financing of terrorism," it said in a statement after a week of deliberations in Paris.

"The FATF urgently expects Iran to move quickly on the reform track to ensure that it addresses all remaining items in its plan of action ... We expect Iran to amend AML / CFT laws ... with full compliance with FATF standards by October 2018, Appropriate and necessary actions at that time ".

The decision gives Iran some time to know that punitive measures by the group could worsen the situation for its financial sector, which began to suffer from a US decision in May to withdraw from the nuclear deal and the administration of President Donald Trump to carry out a series of new sanctions that alarm companies.

Iranian Supreme Leader Ayatollah Ali Khamenei said on June 20 that parliament must pass anti-money laundering legislation in accordance with its own criteria.

Khamenei's words mean that parliament is unlikely to use the FATF criteria. Foreign companies say a draft law that includes the FATF guidelines is necessary if Iranians want to increase investment.

Opponents in Iran's parliament have opposed passage of legislation in compliance with FATF standards, saying it could hamper Iran's financial support for allies such as the Lebanese group Hezbollah, which the United States lists as terrorist organizations.

The Arabs

link

[DinarThug]

Public discontent continues in Tehran. Political confusion is on the horizon

 

 

 

 

2018/6/30 10:02:34 AM 
WASHINGTON (Reuters) - Growing US pressure, coupled with a public discontent among many Iranians over the economic situation, has begun to shake the Islamic Republic with little sign that its leaders have any solutions, officials and analysts say.

On Sunday, three days of protests broke out in the Tehran bazaar, in which hundreds of angry merchants and shop owners condemned the sharp devaluation of the Iranian currency.

The turmoil is a major challenge, but analysts expect the leadership to be able to overcome the crisis despite internal conflicts and worsening economic problems.

Bazaar traders, most loyal to the leadership since the 1979 Islamic revolution, have been angered by what they called the government's turbulent response to the crisis, which they said caused a sharp rise in prices that made trading almost impossible.

The Iranian riyal has lost 40 percent of its value since last month when US President Donald Trump withdrew from a nuclear deal in 2015 and imposed tough economic sanctions on Tehran.

Those sanctions include seeking to stop Iranian oil sales as the main source of revenue, which has overshadowed the economy.

"The country is under pressure from home and abroad, but there seems to be no crisis management plan to control the situation," said an official close to Khamenei.

The full impact of Trump's withdrawal from the nuclear deal and Washington's efforts to prevent states from dealing with Iran may not be clear months ago.

European nations sign the nuclear deal hope to save it. Under the deal, most of the international sanctions have been lifted from Iran in exchange for restrictions on its nuclear program, but there is uncertainty about their ability to prevent the deal from collapsing.

France's Total and Peugeot said they would withdraw from Iran instead of risking being barred from dealing with the US financial system, with Washington threatening to use the dollar as a reserve currency for those who hinder its tough policy toward Iran.

Iran blamed US sanctions on the devaluation of the riyal, saying such measures amounted to "political, psychological and economic" war on Tehran, although some officials acknowledged the threat had revealed serious failures at home.

"The responsibility for all internal problems on sanctions can not be suspended," said another official familiar with the decision-making process in Iran.

To increase pressure, Washington said all countries should end oil imports from Iran by November 4, a major blow to oil sales, which account for 60 percent of the country's revenues. Tehran says this level of reduction will never happen.

The Iranians do not want a revolution

The bazaar in Tehran was usually one of the largest financial allies of the ruling establishment and helped support the revolution in 1979 financially.

Although the cries of "Death to the Dictator" echo the chants of "Death to the Shah" four decades ago at the bazaar, analysts and analysts have ruled out the possibility that Iran is on the brink of a radical change in the political landscape.

"The protests will not ease easily because of the severe economic pressures, but the chance of regime change is zero because the Iranians do not want another revolution and they suspect it will lead to the better," said an Iranian diplomat in Europe.

The security presence remains heavy in the area after days of clashes with protesters. Although officials say the bazaar has resumed normally, the riyal crisis and its political repercussions are not yet over.

A video posted on social media showed protests continued in several towns and cities where some of the participants called for regime change.

The government of President Hassan Rowhani tried to stop the devaluation of the currency with a mixture of threat and persuasion, but many Iranians were not convinced.

"If the price continues, I will not be able to continue my work," said Reza, a bazaar owner who asked not to be named in full.

Low probability

Some analysts see little chance that conservative leaders in Iran will seek a settlement with the United States if sanctions succeed in undermining Iran's economy.

But Trump will not have to rush to start negotiations that could support the religious leaders of the Islamic Republic.

An Iranian official who took part in the nuclear talks with foreign powers said the leadership "may tend to reach a settlement with America to preserve the institution, but of course America, in turn, should show flexibility."

While many reformists in Iran have expressed willingness to engage in dialogue with the United States and find a diplomatic solution to the crisis, Khamenei has resisted direct negotiations with Washington for many reasons, including domestic policy considerations.

"The conservatives want a settlement with America despite the declared extremist approach, but they do not want to give spirituality the upper hand at home by supporting the talks," said a source familiar with the internal situation in Iran.

link

[DinarThug]

6-30-2018   Newshound Guru Kaperoni  

Great article today talks about how they plan to open the banking system to engage with international banks.   

This article just gushes with excitement as they get ready to move to Article VIII. 

If you remember that plan was in the IMF directives with the CBI send a positive message about the banking system...it's coming. 

Now that the CBI is in compliance it's just a waiting game for them to write the letter.

[DinarThug]

Muleslayer

• 
• Platinum VIP

 

Have U MetWally - Yasser ? No Sir ?  

 

     

 

 

 

We are close to economic stability

Author: Yasser Metwally 

01/7/2018 12:00 am 

 

I expected after the page of terrorism and its defeat was included in a previous column entitled "Economic stability is coming to Paris". Let us follow this analysis. 

It is very normal to have any decision or legislation or to make advantages and disadvantages and when the tilt of the balance in favor of advantages, we are in the right way and the right and otherwise, if the balance in favor of defects we are in the wrong way. 

I will discuss in my subject this important measure is the "currency window" If we follow the procedure of the Central Bank of Iraq by adopting any window to control the market and determine the adverse effects of the fluctuation of the dollar exchange rate on the monetary stability we have seen through several turns during which the central to violent criticism according to different views and views, The currency window applies to it as a theory of advantages and disadvantages. 

One of the fiercest criticisms is that it is a means of smuggling currency, and this aspect falls within the balance of flaws from the vision of this team to the loss of hard currency and the impact of the Federal Reserve guarantor of the future of the country of acute crises. 

In contrast, the Central Bank has defended its adoption of the window, the best means available to provide local liquidity to meet the needs and requirements of the state of the national currency and salaries of employees and retirees and other uses, because the state's revenues are foreign currencies being a state of rent and oil source Budgets. 

The Central Bank was able to convince the parliamentary committee that was following the event after reviewing the mechanism of work and how the central bank was able to provide liquidity and preserve the value of the national currency. 

In the previous column I have pointed out that monetary policy has been able to achieve monetary stability at a fixed price equal to the official exchange rate with the parallel "price of trade" has been achieved stability after this price has passed all attempts and thus succeeded in monetary policy to stabilize the meaning of that He came close to economic stability and my prediction came in his place. 

What does economic stability mean? 

Means that the process of rebuilding the country will start with confidence because the economic stability restore investor confidence in the Iraqi market and its ability to secure the requirements and requirements of construction. 

Thus, the balance was tilted in favor of the advantages of the currency window and thus the central bank was able to put its mark in the way of the return of companies. In view of the success of the monetary policy, its engineer obtained an international Arab evaluation by nominating him as the best governor at the level of the Arab countries in 2018 and thus proved his good management of monetary policy and the development of the performance of the private banking sector. 

We have to maintain these achievements for the sustainability of stability and this requires constant coordination between the financial and monetary policies and this will be within my next follow-up. 

link

[DinarThug]

Some of Baghdad's squares will open soon

 

01/7/2018 12:00 am 

Baghdad / Haider al-Atari 

Baghdad is preparing to wear a new aesthetic dress is the inauguration of a number of yards within the project "Alq Baghdad," which included the development and rehabilitation of 21 public squares. 

The spokesman for the Secretariat of Baghdad, Hakim Abdul-Zahra said in a statement to the "morning": The Secretariat of Baghdad in coordination with the Secretariat General of the Council of Ministers and the Association of private banks and musician Nasir Shamma, the idea of "cast Baghdad", is preparing early this month to open a number of squares of Baghdad, The maintenance and rehabilitation that will show a new suit and designs that mimic the importance and status of the capital. 

He stressed that the project "Alq Baghdad," which includes the development of 21 square in Baghdad, started at the beginning of this year and a ceiling of completion extends to seven months, noting that the Association of private banks allocated 8 billion dinars to complete the project, which will add entertainment to the people of Baghdad. 

Abdul-Zahra said that the squares covered by the development were distributed between the sides of Karkh and Rusafa, the square of Sheikh Maarouf, Antar bin Shaddad, Abdul Mohsen al-Kazemi and the Arab Knight, in addition to the yards of the eagles, museum, aviation and Muzaffar and the investigation and the Turkmen Club, as well as the squares of Shahid Mihrab and Alawath and Hamzah and bridge Muthanna, And 83, and the imams, pointing out that the squares were carefully selected to be developed according to the latest international specifications. 

He pointed out that the past period has witnessed successive visits to the Committee "cast Baghdad" to oversee the work of the implementation of maintenance and rehabilitation, documented all stages of the work along with the time scheduled to complete the implementation of these squares. The Baghdadis expressed their satisfaction at the proximity of the opening of a number of squares of the capital in a modern style, commensurate with the importance and place of their city, which is full of heritage sites that have been considered in the development and maintenance of gardens and squares. 

Engineer Mustafa Hazem said during his speech to the "morning" that the people of the capital Baghdad on a date with the new changes to their city, including the project (cast Baghdad) of the civilized model is interested in the entertainment, as well as aesthetic character, which they long for. For her part, Legal Russell Abdul Redha told "Al Sabah" that the capital needs more public places of comfort, especially that the squares that will be opened soon will give Baghdad and its families a breathing space, wishing that this project to promote the capital and deliver it to the ranks of the world capitals, From history and values, much has been made to humanity as a tremendous amount of intellectual and scientific achievements that still stand out to this day. 

link

 

Edited June 30, 2018 by DinarThug

[DinarThug]

https://cbi.iq/news/view/745

Withdrawal of the license of the company Horizons Samarra to mediate the sale and purchase of foreign currencies

 

1st July, 2018

 

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LINK

Central Bank withdraws the license of a broker company to sell and buy currencies for violating the instructions

 

 

1st July, 2018

 

The Central Bank of Iraq announced on Saturday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instructions

The bank said in a statement received by the "Economy News" a copy of it, that "in view of the violation of the company Horizons Samarra to mediate the sale and purchase of foreign currencies to the provisions of the instructions to regulate the work of companies mediating and abuse of leave decided to withdraw the company's founding license and the confiscation of the deposits deposited with the bank, amounting to 50 million dinars."

The bank called on the Ministry of Commerce to cancel the certificate of establishment granted to it in addition to removing the name of the company from its records and to provide the Central Bank with the letter of liquidation certified

[jeepguy]

haven`t  seen walley floating around lately ,  he is  still o.k. I guess ?

[King Bean]

16 hours ago, DinarThug said:

 

King Thug Is An Appropriate Title As I Proceed To Get ‘Crowned Royal’ Throughout The Extended Holiday Weekend !

 

 

 

I bring the food, you bring the drink. It will be a 'crowning' achievement. 

[DinarThug]

4 hours ago, King Bean said:

I bring the food, you bring the drink. It will be a 'crowning' achievement. 

 

Wtf Is With These Whopper Jr’s When The McRib Is Back ?  

 

 

Homie Don’t Play That ...

 

     

[DinarThug]

Wtf - Is Ur Assyrious ?  

 

     

 

 

 

LINK

Assyriologist discovers evidence of lost city in Iraq

 

1st July, 2018

When Eckart Frahm, professor of Assyriology at Yale, received a call from Homeland Security with a request to come to New York to assess cuneiform tablets, he was intrigued by the opportunity to provide an assessment of the content and origins of these ancient artifacts, Science Blog reported.

The blog wrote the whole story of the new discovery and its complications.

Frahm, who is one of only a few hundred people worldwide who can accurately read cuneiform texts, was taken to an undisclosed location in the city, where he had about two and half days to study these texts in a warehouse in which they were being temporarily stored. Each tablet was about the size of a cell phone, and many were in a poor condition, with salt incrustations covering large portions of their surfaces.

“It seems likely that many of these tablets come from the same archive, which must have been fallen prey to destruction at some point in time, with the tablets falling on the ground with one side exposed to water and the other protected,” notes Frahm.

“It was a conveyer belt-like experience,” says Frahm. “I had about three or four minutes to examine each tablet, and some were more difficult than others to decipher. On each tablet there may be a great secret that you might uncover if you spent the time with it.”

The tablets were still in the original packages in which they had been sent to the U.S., where they were seized by customs officials before they made it to their intended destination. “They had been declared as being ceramic tiles valued at $300. This is how customs officials determined that something was not quite right,” says Frahm.

One of the challenges of deciphering these tablets, says Frahm, is that the cuneiform writing system, which comprises about 900 signs, is very complex, and “each of these signs has many different possible readings depending on the context and on the time the tablet was written.”

Frahm was able to establish fundamental facts about the tablets, including — with the exception of a small few — their authenticity and place of origin: southern Iraq. The bulk of the tablets, says Frahm, date back to the Ur III (2100–2000 BCE) and Old Babylonian (2000–1600 BCE) periods, and are mainly administrative and legal documents — akin, says Frahm, “to today’s emails or receipts. I was fundamentally trying to categorize these tablets along chronological lines.”

A collection of incantations from ca. 2,500 BCE is among the most important of these tablets, notes Frahm. “It invokes the gods An, Enlil, and Enki and asks for divine support for the restoration of a city. Only very few comparable pieces are known. There are some remarkable sign lists used in Old Babylonian schools, as well as private letters and contracts from this period. A bilingual first millennium BCE text is also interesting; it is written in Babylonian and in Emesal, a dialect of Sumerian (in fact, originally a women’s language) used in the cult.”

Frahm explains that many of the Ur III tablets originated from the ancient city of Irisagrig, which is situated on or along the ancient course of the Tigris River. The process of identifying tablets from Irisagrig began back in 2003, when significant numbers of looted administrative texts from the Ur III period were confiscated by Jordanian border officials, shortly after the American invasion of Iraq had come to a close.

“Beginning in 2004, other such tablets appeared on the market, on eBay and elsewhere. Scholars systematically collected all the available information on the tablets and established in the following years that they had many things in common and seemed to originate from a Sumerian city named Irisagrig, which was known from documents from other Mesopotamian sites,” says Frahm.

“The new texts from Irisagrig cast some fascinating light on what is, quite literally, a ‘lost city,’”says Frahm, “and help us reconstruct the social and economic life in a 4,000-year-old Mesopotamian settlement. Among the most exciting tablets from the lot inspected by me is a large document that records allocations of sustenance plots to royal dependents, and another that records food distributed to the ‘dogs of the palace,’ who were apparently well fed. Even small expenditures such as the disbursement of waterskins were faithfully recorded.”

Several tablets deal with the issuing of rations to palace personnel such as female weavers, notes Frahm, while others record food allocations for royal envoys and other officials, and describe their missions, which include inspecting work on a canal and improving the royal road house, which is a place where people would rest while travelling along a royal road on their way to another city.

Frahm says that these tablets shed light on intriguing similarities between the ancient civilizations that produced them and us, including things such as governmental economic planning, taxation, long distance trade, and credit, “all of these very familiar concepts which we take for granted today that can be traced back to that time. They are first recorded in this very elaborate way in ancient Mesopotamia.”

These tablets were not properly excavated and the archaeological context has been lost, but there is nonetheless an enormous amount of information that is encoded in these tablets and can be gleaned from them, says Frahm.

“It is extremely regrettable that this looting takes place. It destroys context, and we are losing vast amounts of information. When we actually find these tablets in context we can really establish exact archives,” says Frahm. Yet at the same time, he says, he does not believe that, without that archaeological context, all information is lost and these objects are worthless and their contents should not be published.

The deciphering of these tablets took some detective work, says Frahm. “I found the level of detail of these tablets quite fascinating. This was something new to me, and it was interesting to learn about this lost city which has only been identified in the past few years.”

“I would obviously prefer to do that on properly excavated tablets but when you are the first person after some 4,000 years to look at an ancient text in a meaningful way it is always very exciting,” says Frahm.

Together with some 200 additional tablets that Frahm did not see, plus a substantial number of clay bullae and cylinder seals, the tablets were returned to the Republic of Iraq in a repatriation ceremony on May 2 at the residence of the Iraqi ambassador in Washington, D.C. Frahm doesn’t know whether they have already been sent back to Iraq. Frahm says he hopes that the information encoded in the texts be soon made public for further scholarly research, and then be used for the reconstruction of the history and culture of ancient Mesopotamia, the bloc ended its story.

[DinarThug]

LINK

Iraq is officially excluded from the list of States subject to monitoring and follow-up

 

1st July, 2018

The Central Bank of Iraq (FATF) announced on Sunday that the FATF has officially released it from the follow-up area, as the Bank and AML / CFT have made significant progress in improving and addressing deficiencies and meeting all its obligations

 In a statement received by Al-Iktissad News, the bank said, "FATF has officially removed it from the follow-up area, because the Bank and AML / CFT have made significant progress in improving and addressing deficiencies and meeting all its commitments to the FATF recommendations. Requirements of the AML / CFT strategy prepared by the Central Bank. "

He added that "the bank has legislated the Anti-Money Laundering Law No. 39 of 2015 and issued instructions and controls and the establishment of the Anti-Money Laundering and Financing of Terrorism Council as well as the Committee on the freezing of terrorist funds."

The statement pointed out that "Iraq is no longer subject to monitoring and follow-up by the FATF."

 

#####################

 

https://cbi.iq/news/view/748

Iraq officially exits from list of countries subject to monitoring and follow-up by FATF

 1st July, 2018

 

The FATF officially announced Iraq's exit from the follow-up area, as the CBI and AML / CFT have made significant progress in improving and addressing deficiencies and meeting all its obligations towards FATF recommendations and addressing the requirements of the Anti-Money Laundering Strategy And the financing of terrorism prepared by the Central Bank of Iraq as well as the legislation of the Anti-Money Laundering Law No. 39 of 2015 and the issuance of instructions and controls and the establishment of the Council against Money Laundering and

Financing of Terrorism as well as the Committee for the freezing of funds of terrorists, Monitoring and follow-up by FATF

###############

 

Iraq officially exits the FATF International Financial Control List

LINK

 

Edited July 1, 2018 by DinarThug

[DinarThug]

LINK

Oil opens a branch of the Iraqi Trade Bank at the headquarters of the ministry

 

 

1st July, 2018

Oil Minister Jabbar Ali al-Luaibi opened a branch of the Iraqi Trade Bank (TBI) on Sunday in the ministry's headquarters to provide banking services to the ministry and its companies. 

"This is an important step to provide a banking service for the Ministry and our national oil companies to achieve a high flow in financial transactions, which is an important cornerstone in the financial management of various oil projects," Al-Allaibi said in a speech at the opening ceremony.

He explained that "the large expansion in oil activity and in the implementation of various projects and dealing directly with international companies, requires financial and banking activity synonymous with it, provides the requirements of financial liquidity and remittances and payment of benefits, whether local or foreign currency. 

"The success of banking dealings with the concerned parties is one of the important steps to enhance the confidence of investors and customers with the ministry and its oil companies, as well as achieving speed in the completion of financial transactions." 

He stressed the ministry's keenness to follow and adopt the latest administrative, financial and banking systems in the oil sector, in order to contribute effectively to make a qualitative leap in proper handling and cooperation with other concerned parties.

"The opening of a branch of the Iraqi Trade Bank at the headquarters of the Ministry of Oil is a step in the direction that serves the public interest."

For his part, the Director of the Iraqi Trade Bank Faisal Wissam Al-Hims, "The branch will provide services to employees in the ministry and oil companies and will provide a high flow in banking transactions." 

"The opening of this important branch will achieve a lot for the ministry in the field of financial transactions with international oil companies operating in Iraq, which will shorten a lot of stages," spokesman Assem Jihad said. 

"The branch will provide banking facilities, internal and external transfers, withdrawal and deposit in the national and foreign currency and grant (Visa card) and the settlement of salaries for the employees of the ministry."

[DinarThug]

LINK

Iran's economy is collapsing and fear of Saddam's fate

 1st July, 2018

The economy of his country is in a state of collapse, Sarda said, which he said is evidence of the validity of his expectations

As quoted by "Russia Today," the comments of the expert Ahmed Husseini, made to the site, "haqqin.az" Russian, the current strikes in the country at the level of commercial sectors seriously threaten the Iranian economy

"The wave of protests and strikes has reached the northern provinces, mainly inhabited by Azerbaijanis, and carpet and gold traders have announced a strike," he said

"After the US withdrawal from the nuclear agreement in May this year and the expansion of US sanctions against Iran, Iran's national currency lost half of its value. All international companies to stop the import of Iranian oil threatens to inflict a major blow to the economy of the country. " 

"The sale of oil accounts for 64 percent of Iran's total exports and is the main source of hard currency entering the country, the dollar and the euro," Hosseini said, referring to the collapse of the economy of a neighboring country, Iran. Era of Saddam Hussein. "

"The central bank of Iran, now under sanctions, faces great difficulties in carrying out financial transactions even within the country, making serious mistakes and misjudgments that have played an important role in bringing the economy into crisis."

"The Iranian central bank and commercial banks took deposits at an annual interest rate of 20 percent or even 23 percent, and when the United States imposed sanctions, banks cut interest rates to 10-15 percent," he said. "Collectively, the Iranians are withdrawing their deposits and buying the dollar and the euro. Foreign exchange shortage "

"The closure of all licensed currency exchange offices has not helped save the situation, and now the currency is trading in Iranian cities on the black market, which the authorities are trying to fight in vain." Sanctions have made the economic situation unpredictable, so people are afraid to invest in real estate. "He said

The decline in the value of the Iranian riyal led to a rise in the prices of some imported goods by 100%. While the activity of the Iranian commodity exchange fell to a minimum. The government's decision to raise the fees for leaving the country further exacerbated the problem, al-Husseini said

"There is no indication that the government knows the way out, everything is heading towards bankruptcy and mass impoverishment of the population ... If the United States has really set the goal of changing the authority and the political system of the Islamic Republic of Iran, the situation is now working for its benefit," Husseini said. The current will support any external intervention, only to get rid of the "regime" and stop the crisis

[DinarThug]

LINK

World Bank Announces 6 Service Projects for Iraq Reconstruction in 2018

 

 

1st July, 2018

The Special Representative of the World Bank Office in Iraq Yara Salem announced on Sunday the provision of six service projects for the reconstruction of Iraq during the current year.  "There are six projects to be presented by the World Bank, worth about 1.4 billion dollars for the year 2018," Salem said. "The World Bank has provided a total of $ 6.4 billion over the past years."

She added that "the bank is providing a package of projects in Iraq to improve the situation in the liberated areas and focuses on aid and loans and infrastructure construction of schools, clinics, bridges, streets and others," adding that "there is help to improve the social aspects through cash for work and loans Facilitating the creation of works in liberated areas." 

"In the coming years, we will focus on transportation, improving the streets, linking the different governorates and focusing on the education and agriculture sectors," he said.

"There is encouraging to reduce Iraqi debt and the government is working on measures to reduce the 60 percent of the public debt index relative to gross output. We expect the rise in oil prices to be expected. Iraq in the global market."

[DinarThug]

Build That Wall !  

 

     

 

 

 

 

AFP: Iraq begins a security fence with Syria

 

 

 

 

2018/7/1 05:29:21 PM 
The Iraqi border guards have begun building a security fence and building control towers along the border with Syria in the west of the country, to prevent infiltration of extremists from the neighboring country and to them, a security official told Agence France Presse on Sunday .
"Work began 10 days ago with a security fence, which is barbed wire and watchtowers along the border with Syria, " said Anwar Hamid Nayef, a spokesman for the border guards' command in Anbar province .
"This is the first phase of 20 km, separating each tower and the distance of one kilometer, to monitor and repel terrorist attacks," Nayef said, adding that the work "started from the Qaim area to the north ."

Despite Baghdad's declaration of an end to the war against a resurgent organization after the return of the last inhabited city it occupied, experts point out that radical militants remain lurking along the porous border between Iraq and Syria and in hideouts inside vast areas of the Iraqi desert .

Areas in the vicinity of Kirkuk and Diyala in the north are witnessing a security deterioration, with extremists still able to erect crossing barriers and kidnappings .

The spokesman told Agence France-Presse that on Sunday, "a trench with a width of six meters and a depth of three meters will be dug, along with the use of marching aircraft to monitor the border accurately ."

Regarding the remaining areas along the 600-kilometer frontier, Nayef said that "committees from the Ministry of Defense and the International Alliance will visit the site to determine the feasibility of the fence and if successful, the fence will continue to be erected on the entire border with Syria ."

Experts warn of the existence of cells hiding in desert areas, especially at the border with Syria, or in the mountains of Hamrin and the desert of the great, where it is difficult for Iraqi forces to impose control, raising fears of the return of extremists .

link

 

Edited July 1, 2018 by DinarThug

[DinarThug]

On 6/30/2018 at 5:40 AM, siberian_shaddow said:

Thugs where did u put that 16 inch clown shoe at, someone apparently didn’t like it. There giving u the red stone retaliation. 😁

 

Stomp Out Red Stoners ! 

     

[DinarThug]

Luigi - Drum Roll Please !  

 

 

     

 

 

 

LINK

The Iraqi parliament will pass a number of important laws for the next session

 

 

1st July, 2018

A member of the Finance Committee of the former parliament Massoud Haider said on Sunday that a number of important laws within the Finance Committee have been deported to the next session of the House of Representatives. 

The Iraqi parliament has ended its third session after the failure of attempts by deputies and deputies to extend the legislative life until the ratification of the Federal Court on the results of the elections of the House of Representatives, which took place on May 12, 2018 

Haider told the news that the most important of these laws is "the Financial Management and Public Debt Law A very important law for the Iraqi state and the Social Security Act to activate the rights of the private sector and the law of the Federation Council and the Civil Service Law. 

"At the level of the House of Representatives it is necessary to mention the law of oil and gas."  "The electoral law must be amended and the Commission must change the electoral