Spiked Camel Kava Llama Java !

Another expectation of international criticism about the economy of Iraq

2019/10/16 11:04

The International Monetary Fund raised the growth expectations for Iraq, while reducing them to Saudi Arabia, Iran, Qatar and Kuwait. "Growth in Iraq, the region's second-largest oil exporter after Saudi Arabia, is expected to rise after its economy contracted by 0.6% last year," the IMF said in its new report, Prospects for the Global Economy.

The IMF lowered its growth forecast for Saudi Arabia and Iran, the two largest economies in the Middle East, on the back of US sanctions, regional tensions and falling oil prices.

The IMF said that Iran's economy is expected to shrink this year by 9.5% amid stifling US sanctions. Nonetheless, the IMF said Saudi Arabia's economic growth next year is likely to reach a threshold of 2.2 percent, amid expectations that continued reforms in the kingdom will help its non-oil sector gain strength in 2020.

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

The International Monetary Fund raises growth expectations for Iraq and reduces them to Saudi Arabia, Iran, Qatar and Kuwait

LINK

DinarThug · October 16, 2019

Have The Dem’s Seemed A Bit Moody Lately ? :blink:

Moody's: Trump is on course for an easy victory in the 2020 election

15 October 2019 10:01 PM

US President Donald Trump is on his way to an easy victory in next year's presidential election, Moder said

Trump is likely to be re-elected next year under three different economic models used by agency analysts to measure the 2020 race, Moody's said in a report on Tuesday

Moody's based its forecast on how consumers feel about their financial situation, the gains made by the stock market during the Trump period, and the prospects for unemployment, which fell to their lowest level in 50 years

The report, written by Mark Zandi, chief economist at Moody's Analytics, Dan White, director of government advisory and public finance research, and Bernard Jaros, assistant director and economist, suggest that if anything unusual happens, Trump's election victory could easily outweigh his 2016 victory over Hillarious Clinton. Which came with the number of votes 304-227

"If the economy a year from now is the same as today, or nearly so, the prospects for Trump's election victory are very good, especially if the Democrats are not enthusiastic and do not go out to vote, it's about turnout," the report said

According to the three models mentioned above, Trump will receive at least 289 electoral votes, assuming an average turnout

Mr Zandi said Trump's presidential race could collapse in a few key Pennsylvania counties, which Trump rejected in 2016 after the state voted for Democrats in the previous five presidential elections

He explained, "Zandi" that Trump does not even have to win in this state, but he needs only a strong turnout

Moody's models have been tested since 1980 and have been valid every time - except in 2016, when they indicated that Clinton would win by a narrow margin

https://cbi.iq/news/view/1315

DinarThug · October 16, 2019

The National Bank of the Republic of Belarus informs the Central Bank of Iraq to renew two categories of banknotes

O1BkKvltvwvaa6G5vpqbkvUHG52j23_Up3IGyILd

16th October, 2019

The Central Bank of Iraq announces that the National Bank of the Republic of Belarus issued for circulation updated banknotes of two categories (10, 5) rubles issued in 2009

Central Bank of Iraq

information Office

16 October 2019

 Updated for the two categories of banknotes (10.5) rubles emissivity 2009

**** This is a common occurrence that other countries appear on the CBI website when there is a change in their currency

DinarThug · October 16, 2019

https://cbi.iq/news/view/1316

The Swiss National Bank informs the Central Bank of Iraq of the renewal of its banknote of 100 francs

image.jpeg.9a76426ccc20d71927d457323ec743b4.jpeg

16th October, 2019

The Central Bank of Iraq announces that the Swiss National Bank has renewed its banknotes
category (100) francs, and this category is the sixth of the ninth series of Swiss national
currencies, and the Swiss bank confirmed that the old banknote of the same category and
other categories of the eighth series remain for circulation and strong And discharge and
legal presentation.

Central Bank of Iraq

information Office

16 October 2019

The new banknote category (100) francs

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

Parliamentary Finance: 2020 budget will reach Parliament before the end of this week

Swiss Bank informs the Central Bank of Iraq to renew paper currency

2019/10/16 11:49

The Central Bank of Iraq announced that the Swiss National Bank has renewed its banknotes category {100} francs.

A statement of the Iraqi Bank received the agency (Euphrates News) a copy of it that "this category is the sixth of the ninth series of Swiss national currencies."

The Swiss bank, according to the statement, that "the old banknote of the same category and other categories of the eighth series remain for circulation and with the strength and discharge and legal offer."

DinarThug · October 16, 2019

12 minutes ago, DinarThug said:

The National Bank of the Republic of Belarus informs the Central Bank of Iraq to renew two categories of banknotes

Comment By Newshound Don961 On Announcements Of Countries Currency Changes Appearing On The CBI’s Website ...

OTHER COUNTRIES REPORT TO THE CBI WHENEVER THEY PRINT NEW CURRENCY OR ADD CURRENCY .. SO THE CBI KNOWS WHICH ONES ARE LEGIT FOR TRANSACTION PURPOSES .. IT'S A COURTESY AND NECESSITY BETWEEN CENTRAL BANKS SO THERE ISN'T A BUNCH OF COUNTERFEIT NOTES BEING CIRCULATED ... IMO ... WE WILL NOT BE CONFUSED WHEN NEW IQDS ARE SHOWN .. IT WILL BE CRYSTAL CLEAR

DinarThug · October 16, 2019

Information / Special…

Parliamentary Finance Committee confirmed on Tuesday that the Council of Ministers will send a draft federal budget law for 2020 before the end of this week.

A member of the Committee Siham Shannon said in a statement to the information, that "the draft federal budget law for 2020 will be sent by the government to the House of Representatives before the end of this week," pointing out that "this week is the last date to send the budget to parliament."

She added that "the 2020 budget will include a series of reforms and decisions to resolve the crisis of unemployment and housing through the distribution of land and employment of the unemployed," noting that "the budget will pass within the House of Representatives without any political objections." Finished 25 T.

DinarThug · October 16, 2019

America accuses Turkish banks of supporting Iran and circumvent sanctions

6 hours before

Translations - Abu Dhabi

WASHINGTON (Reuters) - The US Attorney General on Tuesday filed six counts of fraud for the Turkish government-led Khalk Bank to evade US sanctions against Iran.

According to a statement from the US Department of Justice , the charges included fraud , money laundering and evading US sanctions against Tehran.

According to the US Department of State, the bank is involved in issues that evade billions of US sanctions , including money laundering of Iranian oil revenues , by senior officials of the Turkish Bank, amid silence from Turkish officials, some of whom received large amounts of money bribes.

Commenting on the US Department of Justice statement, Assistant National Security Attorney John C. "Turkey's Khalk Bank conspired to undermine the US sanctions regime by giving Iran access to billions of dollars in funds," Demers said.

He added: "The actions of the Turkish Bank is a serious violation of sanctions against Iran and threatens our national security."

Last year, Turkish authorities ordered the arrest of gold trader Reza Zarrab, who appeared as a witness in US courts in a case against a senior official of the Khalq Bank, accused of collusion to help Iran evade US sanctions.

The 35-year-old Iranian and Turkish national, the US government witnessed the trial of former deputy director-general of the Turkish state-run Khalk Bank, Mohammad Khagan Atallah, who was convicted of helping Iran bypass sanctions.

Anatolia news agency reported in November 2018 that an Istanbul court had ordered the arrest of Zarrab for "illegal renovation work in his villa in Istanbul" as part of a case in which he faces a possible three years in prison.

Zarrab was arrested in the United States in 2016 and pleaded guilty in 2017 to charges that he planned to help Iran break US sanctions and testified as a witness in the Atallah case.

The issue of the "Khalq" Bank is one of the main points of disagreement between Ankara and Washington, which deteriorated relations, because of a range of issues, including policy such as the attitude towards Syria and Turkey's defense purchases.

The Khalq Bank denies any wrongdoing, while Turkish President Recep Tayyip Erdogan has previously described the case as a "political attack on his government."

DinarThug · October 16, 2019

The Turkish economy is on the brink of collapse

2 hours before

Continuous decline in the price of the Turkish lira

Hani Meshor - Abu Dhabi - Sky News Arabia

The Turkish economy is more fragile than ever, suffering from high inflation, currency depreciation, rising debt levels, and the US President's threat to destroy Turkey's economy in the wake of its invasion of Syria.

Though the White House and the US Congress are more different than ever about Turkey , the hostility of economic threats by President Trump and the Senate Republican leader in recent days has been similar, pledging successively to "destroy and wipe out Turkey's economy" and impose " Sanctions from hell "on the country for its invasion of northeastern Syria.

The Turkish economy, after touching the bottom in the summer of 2018, has stabilized to some extent, and perhaps this convinced Ankara that it is ready to deal with anything that comes after that, but the Turkish invasion of Syria would endanger the country's economy, amid the threat of US sanctions, and may even push the European Union to direct Economic strike against Ankara.

In sum, the new Turkish risk in Syria against the Kurds means that the country may face a long period of economic pain.

current situation

The website of "Stratford" described the Turkish economy as still fragile, as the value of the currency fell in mid-August 2018 to 6.95 pounds against the dollar, but has stabilized since then.

After Ankara launched its offensive in northeastern Syria on the afternoon of October 9, the currency fell only slightly, but the site said that even if the lira is stronger than it was 14 months ago, Turkey's economy is still fragile enough that it could An external shock, such as US sanctions , is causing serious damage to it, sending the country's currency down again.

The gap between Congress and the White House on Turkey is deepening, as some members of Congress seem more determined than ever to punish Turkey for its actions in Syria, expressing deep anger at how the White House ignored their fears, meaning there is a possibility. High for disciplinary sanctions.

Senator Lindsey Graham and Chris Van Hollen have drafted a bipartisan bill that includes sanctions ranging from restrictions on arms sales and military assistance to Turkey to specific sanctions targeting individuals, including Turkish President Recep Tayyip Erdogan, and the economic sectors.

For its part, the EU could take action independent of the United States that could harm Turkey financially.

Although any UN sanctions or actions are unlikely to be strong enough to dissuade Turkey from pursuing its objectives in Syria, Turkey may face punitive measures from the EU, including the suspension of cooperation agreements between Brussels and Ankara, as well as an end to funds. EU accession process.

Crises hit the Turkish economy

Stratford published a summary of four crises the Turkish economy experienced during the past year, reaching the current fragility stage:

Trump targets Turkey with tariffs

Trump has targeted the Turkish economy with a series of tariffs, in response to commercial bickering, as well as Ankara's intentions in Syria and its growing rapprochement with Russia.

The U.S. president wrote on the morning of August 10, 2018, in a tweet on Twitter, saying that he allowed to double the tariffs on imports of steel and aluminum from Turkey, where tariffs rose to 20 percent on aluminum and 50 percent on steel.

The tariffs will clash with Erdogan's election campaign, based on the idea of nationalism, and Trump's "America First" policy. The source of Turkish economic hardships lies beyond its borders.

The missile system stands among former allies

Before the US threatened to impose sanctions on Turkey for its attack on northeastern Syria, Washington had threatened to target the defense industry in Turkey, for choosing the Russian missile defense system "S400".

The website said in an assessment published on June 27 that the United States could resort to retaliatory options that would harm the Turkish economy, whether using the provisions of the Anti-American Adversaries through Sanctions Act (CAATSA), or to exclude Turkey from the high-flying F-35 program. Technical.

He added that while Turkey is well aware of the economic consequences of its choice, domestic political considerations are pushing Ankara to bypass the economy and choose the Russian regime, although the country's economy fell into recession during the last quarter of 2018, while growth also slowed in the second half of last year.

Although Turkey earned more export revenues during this time, the lira was so weak that the country's goods became much cheaper.

Over the next year, Turkey's private sector will have to repay nearly $ 140 billion in debt, while domestic consumption has slowed.

The next five years - until the elections scheduled for 2023 - are also part of Ankara's economic risk calculations. The decrease in the value of the lira.

High inflation and falling lira

Even without the threat of US sanctions, the website said that the Turkish economy has gone through difficulties stemming mainly from the huge amounts of corporate debt, as well as the severe inflation experienced by the economy and poor currency performance.

In an assessment published on February 4, 2019, the site stated that the United States is in a position to harm the Turkish economy in part because of the economic fragility of the latter.The Turkish companies are burdened with high indebtedness, totaling about $ 200 billion to repay in 2019, and most of this debt is denominated in dollars And the euro, which means that companies will struggle to pay them if the lira remains weak.

The country also suffers from high inflation, low consumption and lack of investor confidence, partly because of the perception that the country lacks the rule of law.

Economic plan without much support

In an attempt last year to get the economy back on track, Erdogan chose his son-in-law, Finance Minister Berat Albayrak, to draw up a plan that has not received strong approval from international investors.

No matter how severe the adverse economic winds are, the Turkish government will refuse to budge on some issues, which will diminish its ability to manage a fragile economy intelligently, the website said in an assessment published on November 28, 2018.

Although Erdogan now has tremendous control over all aspects of governance, including issues such as an economy that is not necessarily his area of expertise, the country's economic management strategy has failed to inspire much confidence for foreign investors, he said.

DinarThug · October 16, 2019

Sweden imposes military sanctions on Turkey

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16th October, 2019

Swedish authorities announced the withdrawal of licenses to export arms and other products of military industries to Turkey on the back of its military operation in northern Syria.

A statement from the Office for the Inspection of Strategic Products said that the office "will revoke as of Tuesday all valid licenses for the export of equipment and other military products to Turkey."

The office noted that Sweden exported military products worth about 30 million euros to Turkey in 2018, adding that this is a record. The office pointed out that no new export licenses have been issued in the past and current years, and that all supplies so far came in implementation of previous deals, signed in 2017.

A number of European countries, including France, Germany, the Netherlands and others, have already decided to freeze the export of arms and military equipment to Turkey against the backdrop of the continuation of its operation in northern Syria, and Britain announced a freeze on the issuance of new licenses to export arms.

DinarThug · October 16, 2019

Experts: Foreign bonds issued by Iraq has become a financial burden because of its high interest

Trend channel two hours ago

Baghdad / Trend - Reports

Iraq is struggling to pay its annual bill to fund its government institutions, which are overwhelmed with disguised unemployment, to contain public anger over government failure, drowning in corruption and increasingly draining resources.

According to the credit rating agency Standard & Poor's, the debt will increase over the next four years. The agency places Iraq at a rating of (B- / B).

The International Monetary Fund (IMF) predicted that Iraq's debt will rise to $ 132.4 billion to reach its peak in 2020 with $ 138 billion.

The measures taken by Iraq under the government of Abadi through the issuance of financial bonds worth two billion dollars and high interest, another problem facing the government of Abdul-Mahdi, credit rating made Iraq raise interest rates on its bonds for marketing abroad, which is an unsuccessful economic measure will add the amount of two billion On the debts of Iraq, which will be due part in 2020 and the other part 2021, which will force Iraq to make a settlement of its debt, and add new benefits weigh on the Iraqi economy.

That the IMF loan did not contribute to raising the financial classification of Iraq and therefore does not give him a degree of classification to allow him to sell its bonds easily, and this will lead to impose significant interest rates on its bonds in order to persuade international banks to buy them.

The economist Dr. Abdul Rahman al-Mashhadani said in a press statement, "When Iraq first launched the bonds could not sell them despite the interest up to 15%, because of the lack of confidence of international financial institutions in the debt-strapped Iraqi economy as a result of its war against terrorism."

He continued: Mashhadani: The national economy has not seen a clear economic growth, as a result of lack of real growth through the budgets of the country for the past years, as well as large loans that strain the Treasury of Iraq, which will mature next year, which makes Iraq a great economic plight.

For his part, says the economist Latif al-Okaili in a press statement: The bonds that were issued worth two billion dollars is not successful economic solutions, but the former government of Abadi to seek funds whatever the consequences of the default of those bonds, which have become uneconomical because of the great benefits set by Iraq In order to market them.

Al-Okaili said that activating other economic sectors is the best solution to increase Iraq's imports. It is easy for America to control the political decision.

Source: Iraqi Observer

DinarThug · October 16, 2019

16-10-2019 11:19 AM

US gives Iraq new concession on Iran sanctions

image.php?token=8a84b9f885a3f33fa259cdfae1c34a1f&c=9617933&size=

Baghdad / News

The US State Department has granted another waiver of sanctions against Iran, extending a grace period for bioenergy imports.

Sources close to the negotiations said that "the previous waiver of sanctions, which the United States granted to Iraq in June, will end on Wednesday."

"The new waiver is for 120 days."

DinarThug · October 16, 2019

Frank-eroni Guru Cat Fight !

Although I’m Little Confused On Who I’m Rooting More For To Lose ...

KTFA KONA ...............

AN IGNORANT HUMAN THAT I HAVE LABELED CACARONI DUE TO HIS DISRESPECT OF US .................. HAS ACCUSE ME OF CIRCUMVENTING REGULATIONS IN SELLING DINARS !!!

THIS IMBECILIC OBTUSE UNKNOWING INDIVIDUAL HAS MADE A FALSE STATEMENT ABOUT ME AND I PROCLAIM HIM TO BE COMPLETELY INCORRECT.

MY BROKER AND I FOLLOW THE LAWS OF OUR GOVERNMENT AND THE UST FOR THE LAST 9 YEARS WITH NO ISSUES.

I DESPISE STUPIDITY ................. ONE THAT IS SO NESCIENT WITH THEIR WORDS AND THINKING BEFORE THEY TALK.

HENCE MY POST TO DEFEND MY POSITION OF HONESTY AND HONOR.

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KTFA IS NOT TO BE DEPRECATED BY ANY LIES ............ BY ANY WRONG .......... BY ANY FALSENESS.

THANK YOU KINDLY,

FRANK26

DWitte · October 16, 2019

3 hours ago, DinarThug said:

https://cbi.iq/news/view/1316

The Swiss National Bank informs the Central Bank of Iraq of the renewal of its banknote of 100 francs

16th October, 2019

The Central Bank of Iraq announces that the Swiss National Bank has renewed its banknotes
category (100) francs, and this category is the sixth of the ninth series of Swiss national
currencies, and the Swiss bank confirmed that the old banknote of the same category and
other categories of the eighth series remain for circulation and strong And discharge and
legal presentation.

Central Bank of Iraq

information Office

16 October 2019

The new banknote category (100) francs

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

LINK

Swiss Bank informs the Central Bank of Iraq to renew paper currency

2019/10/16 11:49

The Central Bank of Iraq announced that the Swiss National Bank has renewed its banknotes category {100} francs.

A statement of the Iraqi Bank received the agency (Euphrates News) a copy of it that "this category is the sixth of the ninth series of Swiss national currencies."

The Swiss bank, according to the statement, that "the old banknote of the same category and other categories of the eighth series remain for circulation and with the strength and discharge and legal offer."

Can someone splain to me how this matters in the dinar world, please?

DinarThug · October 16, 2019

DWitte

Animal
Platinum VIP

3 hours ago, DinarThug said:

Comment By Newshound Don961 On Announcements Of Countries Currency Changes Appearing On The CBI’s Website ...

OTHER COUNTRIES REPORT TO THE CBI WHENEVER THEY PRINT NEW CURRENCY OR ADD CURRENCY .. SO THE CBI KNOWS WHICH ONES ARE LEGIT FOR TRANSACTION PURPOSES .. IT'S A COURTESY AND NECESSITY BETWEEN CENTRAL BANKS SO THERE ISN'T A BUNCH OF COUNTERFEIT NOTES BEING CIRCULATED ... IMO ... WE WILL NOT BE CONFUSED WHEN NEW IQDS ARE SHOWN .. IT WILL BE CRYSTAL CLEAR

6 minutes ago, DWitte said:

Can someone splain to me how this matters in the dinar world, please?

It Was Explained In The Post Immediately After The One U Quoted !

Now How Did U Get In Here ? :blink:

Somebody Call Animal Control !

Animal Muppets GIF - Animal Muppets Scary GIFs

bkeiller · October 17, 2019

13 hours ago, DWitte said:

Can someone splain to me how this matters in the dinar world, please?

Where do you think the stolen billions are? Welcome to Switzerland, bankers to the Nazis and ... Maliki?

DinarThug · October 17, 2019

Parliamentary Finance warns of the influence of the parties on the Iraqi economy

image.jpeg.d9002b07a3b86a05685a531164535116.jpeg

17th October, 2019

The parliamentary finance committee warned on Thursday of the influence of political parties on the Iraqi economy in all its aspects, noting that the government should seek the help of economists to get out of the current crisis and end the file of unemployment through a set of measures.

Committee member Naji Redis said in a statement to the information that the national economy needs to revive to eliminate unemployment through the operation of factories and stalled factories and end the power of the parties on the border outlets and activate the private sector and stop theft of auction sale of currency in the Central Bank.

He added that "the corrupt political parties still control the capabilities of the country, and therefore those parties today represent economists, politics and security and entered in all areas of the state, while the solution of the problem of Iraq, especially unemployment requires all economists and a plan to resolve the crisis."

He explained that "the government is still not aware that it leads to the country to the loss, and therefore must develop economic plans to return to history and done by foreign countries to promote their economy and the use of experts to avoid sliding the country into crises, which does not follow."

DinarThug · October 17, 2019

Iraq raises its investments in US bonds 17.8% during August

17th October, 2019

Iraq raised its holdings of US Treasury bonds by 17.8 percent in August 2019 year on year, an increase equivalent to $ 5.3 billion.

According to data from the US Treasury, seen by Mubasher on Thursday, Iraq's holdings of US Treasury bonds amounted to $ 35.1 billion, compared to $ 29.8 billion in August 2018.

On a monthly basis, Iraq raised its holdings of US debt instruments by 0.57 percent, compared with its value of $ 34.9 billion in July.

Iraq continued to raise its holdings of US bonds in August for the third month in a row.

Iraq came in fourth place at the level of Arab countries holding US bonds; after Saudi Arabia topped the list with Arab 183.8 billion dollars, the UAE with 49.4 billion dollars, and Kuwait with 44.1 billion dollars.

DinarThug · October 17, 2019

Security documents warn of escalating protests on 25 October against the Iraqi government

Wednesday 16 October 2019

Baghdad - Writings

The message of anger arrived early. Iraqis will come out again with a bigger uprising on October 25, 2019.

According to documents circulated by social media activists on Wednesday (October 16th), the security services arrived at the security command center of the Interior Ministry's operations.

This is stated in the letter of the confidential security command center documented to the Ministry of Interior for Police Affairs and Force Command, the Ministry for Federal Intelligence and Investigations, the Ministry for Federal Security Affairs, the Federal Police Forces Command, the Baghdad Operations Command and the Rapid Intervention Command, as well as the Directorate of Personnel Security. As well as joint coordination centers between the provinces.

The letter comes from the office of Prime Minister Adel Abdul Mahdi, a message resulting from the warning of the Iraqi intelligence service, as the intelligence warned of information reached reveal the intention of coordinating the demonstrations to take to the streets again on October 25 in the capital Baghdad and a number of other provinces as well as Najaf from the Revolution Square.

The document also pointed to the intention of the demonstrators to chant slogans inciting against the government with the implementation of riots in order to avenge the killers of the martyrs of the demonstrations that have been launched since October 1, which may result in the subversion of hired elements and extremist religious movements seeking to spoil the demonstrations Friday, October 25, according to documents circulating .

link

DinarThug · October 17, 2019

A high-level UN delegation visits Iraq to assert the right of Iraqis to demonstrate

Wednesday 16 October 2019

Baghdad - Writings

The citizens of Iraq have the right to demonstrate and express their opinion freely. The Iraqi authorities must make a good distinction between those who demonstrate peacefully and those who use violence.

An invitation confirmed by the United Nations human rights delegation on Wednesday 16 October 2019, during his visit to the President of the Supreme Judicial Council in Iraq, Faiq Zaidan.

The President of the Council received on Wednesday a delegation that included Daniel Bell, director of the UN Human Rights Office, Katrina Torg, head of the criminal justice team at the UN Human Rights Office.

The two sides discussed the need to preserve the right to demonstrate as a right guaranteed by the Constitution and the law, and the need to distinguish between peaceful demonstrators with legitimate demands and those who use violence.

The visit comes after mounting criticism of the international community for its silence on the massacres committed against peaceful demonstrators in Iraq during the current uprising, which killed more than 140 Iraqis and injured 6150 others.

The visit of the high-level UN delegation to ensure that Iraqi demonstrators are not exposed during any future demonstrations, especially with the mass mobilization of large demonstrations scheduled on October 25 this year against corruption and to demand retribution from the killers of protesters protesters.

DinarThug · October 17, 2019

Washington Post: Stability in Iraq is an urgent necessity for the global oil market

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16th October, 2019

The Iraqi oil industry is the lifeblood of the government and an important entry point in the global supply chain, so any disruptions caused by the unrest could have a continuing impact on the wider market. The port of Basra exported 3.5 million barrels of oil per day last September, according to the accounts of «Tanker Trackers.com» (TankerTrackers.com), which represents 90% of Iraq's total oil exports. (Iraq is the second largest oil producer in the Organization of Petroleum Exporting Countries, known as OPEC). These exports alone generate nearly $ 213 million each day to Iraq, according to Tankers Trackers, without which the government would not be able to function.

Heavy oil is particularly valuable in the current market and is an important source of crude oil for China, India, the Netherlands, South Korea and Venezuela. In the United States, heavy crude from Iraq helps offset the loss of imports from Venezuela, which US refineries have stopped importing because of sanctions against Caracas. Iraq is also an important source of petroleum products, many of which are produced in Basra's refineries. Iraq's role in the refined oil market is now more important, with Saudi Arabia's ability to produce petroleum products weak after last month's attacks. In fact, Saudi Arabia is currently importing Iraqi petroleum products to fill the gaps left by the attacks on oil facilities.

In the oil market, which has just lost the protection of Saudi Arabia from excess capacity, disrupting Iraqi oil production for any period of time could pressure prices. Iraq is not Saudi Arabia, and has no alternative solutions and spare capacity within its regime, to compensate for interruptions caused by sabotage or unrest. Traders and market observers should closely follow Iraq and the evolving situation there in the coming period.

Any protests could easily and quickly affect Iraq's oil supplies, and thus pose a greater long-term threat to global supplies.

DinarThug · October 17, 2019

Iraq is at the crossroads

- 9 Hours Have Passed

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The unrest in Iraq was not at the beginning of October 2019 and led to the deaths of more than a hundred demonstrators and injured 6,000 thousands unexpected. In Iraq, there is a great contrast between a rich country with the world's fourth largest oil reserves, and a majority of young people suffering from unemployment and a large part of which lives below the poverty line. The freezing and transfer of Major General Abdul Wahab al-Saadi, who is popular because of the roles he has played in the past few years, especially in the face of the Islamic State, has deepened the anger. In connection with Iran, and that this, according to the conviction of the street, led to his transfer from his work as deputy commander of the counter-terrorism forces from 2014-2019.

Demonstrations in predominantly Shiite areas are of great value. Although there are anti-Iranian slogans critical of its role in Iraq, the demands are mainly related to unemployment, corruption, electricity and water. The demonstrations should take place in Shiite areas, while the Hashd are defending the situation, reflecting the contradiction at this stage.

The current political system in Iraq is divided between different political blocs. This quota drains the economy. Every party and stream takes a share of the state and distributes benefits to its supporters and party. So young Iraqis have lost hope of the role of institutions such as parliament, government and the state. Indeed, the last elections in Iraq in 2018 were characterized by poor participation. Although Moqtada al-Sadr's opposition party took new seats in the election, the hope of change has evaporated thanks to the nature of quotas in the country. This explains the momentum of mobility and anger in the Iraqi street.

The arrival of the protests to such a degree of momentum means that it is too late for rapid reform, and that a new cycle of protests with young people is coming in the foreseeable future unless reforms of a strategic nature occur. Distribution and subsistence will not change much. There is a major structural crisis and a clear need for more comprehensive changes.

I remember my first experience in Iraq after the fall of Saddam Hussein. I was invited to attend the Arab Summit in 2012.
It was under Prime Minister Maliki and before ISIS came to the political-military scene in 2014. I was surprised by the situation in Iraq. I was also surprised that the Green Zone was not green, but blocks of reinforced concrete to protect the government and politicians who moved to live in that area.

Iraq has become a crossroads between a political system that has lost the state project and a society and a younger generation that can no longer wait as it seeks to reformulate the Iraqi state project on new foundations.

While I was in Iraq on the days of the conference in 2012, it became clear to me that Iraqis are not happy with the economic conditions, especially those related to corruption in their country.Independent from its surroundings and from Iranian and American control. The car driver, hotel staff and companions (many of them Shiites and from the south) were not happy with the situation in Iraq. What I saw in 2012 assured me that Iraq is hard to digest. Iraq is able to revive its national project.

It is not possible to say that Iraq has not changed since that date, there is a change in the status of the Green Zone, which is no longer the isolation that I have seen, in light of the improvement of the security situation in Baghdad. Barham Saleh to improve conditions in more than one area including the economy. At the same time, however, this was not enough in terms of population and responsibilities. Iraq has 700,000 graduates annually, while Iraq absorbs 50,000 jobs. Most of the new functions are of a formal nature. The work that needs 400 people in this or that institution has 2000 employees. The security forces number more than one million, but the majority of employees do not come to work, there is convincing unemployment because of the influence of parties, which has become larger than the state and because of quotas between parties. So it is no surprise that Iraq has become the 168th out of 180 countries in the world in terms of the level of corruption. In Iraq, there is no electricity and no public services as needed.

In his speech on October 1, Iraqi Prime Minister Adel Abdul-Mahdi acknowledged the difficult circumstances that the Iraqi people are going through. Barham Saleh in his speech. Mr. Sistani also called for political reforms, before it was too late, and condemned violence directed at demonstrators. For his part, Mr. Moqtada al-Sadr, was clear in criticizing the situation and called for a boycott of parliament, so that the government responds to reforms. Iraqi security forces also apologized for the use of violence, saying their leaders did not order any violence against the demonstrators and that they did not know the identity of the snipers.

Questions are growing in Iraq: Who are those who decide to respond to demands for work and a decent life with live bullets? Are they forces linked to Iran or forces of corruption and arms in the organs? Have all the official parties lost the Iraqi people and thus the positive and romantic relationship with Iran? At this moment, Iraq is looking for itself and its future. The failure of reform and promises will pave the way for an uprising to come, and this uprising marks the beginning of a process of change that will take many forms. Iraq is at a crossroads between a political system that has lost the state project and a society and a younger generation that can no longer wait as it seeks to reformulate the Iraqi state project on new foundations.

Arab Jerusalem

DinarThug · October 17, 2019

Conspiracy… Address of some partners of the political process in Iraq

- One Minute Has Passed

Iraqi Prime Minister Adel Abdul Mahdi was an opportunity to restore his internal and external conditions to a political system based on sectarian and national quotas, which is one of the fundamental dilemmas. This quota, in turn, established the so-called partners of the political process in Iraq. , That some of them offer special interests partisan and sectarian and nationalism at the expense of the Iraqi state, instead of being a national way to help him in the success of his national reform project, they accepted themselves to be a tool to conspire against him, and his project aimed at ridding Iraq of crises Multi-dimensional.

We do not reveal a secret when we say that among the partners of the political process in Iraq, those who have the ambition to become prime minister of Iraq, and the stock exchange of candidates is crammed with names, and the embassies of regional and international countries operating in Iraq send messages to reassure those who are to be counted in the political process in Iraq, that he is Candidate for Prime Minister !! However, the aspirants of that position may have lost sight of. The direct result of the fall or fall of Adel Abdul Mahdi's government is the collapse of the entire Iraqi political system.

Constitutionally, the post of prime minister is a constitutional entitlement. A political person who receives “half +1” of members of the Iraqi Council of Representatives can form the Iraqi government, but politically according to the political custom that Iraq is used to in post-2003, there are several considerations Political and religious considerations in the selection of the Prime Minister of Iraq, including: the approval of the highest religious authority in Najaf on that choice, and Ali Khamenei, the guide of the Iranian revolution, and the United States of America.

After the US withdrawal from Syria, the Trump administration will focus on Iraq, which means that if an Iraqi political figure is chosen to serve as prime minister without the approval of the US administration, this will have economic and military-security consequences that Iraq cannot afford, economically: The administration of US President Donald Trump, through the US Treasury Department, has imposed harsh multilateral measures. For example, all Iraqi money will be subject to prosecution. It is now protected by presidential decree based on the Iraq-US security agreement. The case of cancellation will reopen the file of compensation, as well as accusations of Iraq of supporting terrorism, and losses of US companies before 2003, and will book the Iraqi money until the resolution of lawsuits.

Not to mention the suspension of sending the dollar currency to Iraq, which will stop many of the obligations, and stop the work of the financial system “DFI” and stop the flow of $ 16 billion, which leads to a financial deficit in Iraq prevents him from paying the salaries of his employees, especially employees of embassies abroad and at home means “bankruptcy of the state” Iraq will be in a state of complete paralysis, similar to the days of the siege of the 1990s, with little difference. Taking such a step is playing with fire, undue risk, and in the context of stressing Iraq. Concerning his positions on the PKK Tani Turkish and "intentionally" may instruct Washington to Turkey to stop his water supply, and will ask its allies from the Arab countries to tighten economic and political stranglehold on Iraq.

Militarily, the United States and its allies from the International Coalition and NATO have withdrawn their forces from Iraq irreversibly.These forces, especially the air force, have played a prominent role in eliminating ISIS, which may return to its terrorist activity and threaten Iraq's security and stability.

The political class of all spectrums in Iraq must realize that the selection mechanism of the Iraqi Prime Minister is very sensitive for the United States of America, which is chosen in the context of the great game at the regional level, and not at the very, very simple level, as in meetings. Babylon Hotel ”in Baghdad, or meetings of elders and gentlemen, it is a bigger game than you think and think!

The political class in Iraq should stand with the prime minister of Iraq, Adel Abdul Mahdi, and not depend on the narrow interests represented by some parties and militias, it was not acceptable to some or most of that class left reformist warrior Adel Abdul Mahdi to face protests alone, As if the tongue says "face your fate yourself," not to mention the negative attitudes that have been issued by some of them.

Iraq and its people, who have the fourth largest oil reserves in the world, and the people of the majority of them are young people, are not entitled to suffer from the fires of unemployment, and a large part of it lives below the poverty line.
At this moment, Iraq is looking for itself and its future, and the failure of reform and promises will pave the way for the collapse of the Iraqi political system.

Iraq is at a crossroads between a political system that has lost the state project, and a society and a younger generation that can no longer wait. It seeks to reformulate the Iraqi state project on new foundations, taking into account the achievement of a prosperous and democratic Iraq.

Iraqi Studies Unit

Links Center for Research and Strategic Studies

DinarThug · October 17, 2019

Save Iraq before it becomes hopeless

- 20 Hours Have Passed

The Hill website on the recent protests in Iraq, said that this country has not become hopeless, but if the United States continues to ignore it will soon reach that stage.

After 16 years of the US-led invasion, Iraq now faces daunting challenges, but it still enjoys a certain level of freedom that no other Arab country in the Middle East except Tunisia has, says Anna Porshevskaya, senior researcher at the Washington Institute for Near East Policy. .

If the United States continues to ignore Iraq, she said, this fragile freedom that Iraqis have gained at great cost will go unheeded.

She said she had recently attended a conference in Baghdad where Iraqis and Iraqis were debating and asking tough questions to their government, and she saw the first small group of peaceful protesters standing next to the security forces quietly.

Declining sectarianism
She added that the recent protests in Iraq erupted because of the deterioration of basic services and the spread of corruption and unemployment and resentment of the growing influence of Iran in the country, and pointed out that Iraqis from different communities participated.

She also said that opinion polls have shown that sectarianism in Iraq is waning and giving way to a resurgence of nationalism, describing it as a positive development.

But Iraq stands at a crossroads. As peaceful and spontaneous demonstrations spread, security forces shot and killed more than 100 people, imposed curfews and blocked the Internet.

She said that while in Baghdad she kept in mind what had happened in her native Russia, saying it was a country that had lost its chance in the 1990s to transition to democracy.Fortimir Putin emerged as a result of that failure to reinforce the power of the state and spoil the emerging democracy in post-Soviet Russia.

Phantom security
quotes Borcawskaaa some in Baghdad , expressed her concern if not things will soon change, and captured them by their fear of the possibility of the emergence of a strong man of another, and the conviction that the security achieved by the powerful is mostly just an illusion, and that historically dictators bring ruin to their countries instead of the Renaissance.

She said the Iraqis were right to protest against Iran's deep and growing influence in their country, but the situation was worse than they might realize. Other authoritarians had their eyes on Iraq and, without US intervention, would easily advance, she said, citing Russia, Turkey and China.

She pointed out that America's withdrawal from Iraq under President Barack Obama left a vacuum immediately filled by the Islamic State, and said that Americans and President Donald Trump are increasingly talking about "the need to get out of endless wars."

Al Jazeera

DinarThug · October 17, 2019

Fighting corruption in Iraq does not affect its "whales"

- 15 Hours Have Passed

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Despite the popular upheaval in Iraq that has resulted in anti-corruption demonstrations that have killed dozens of people, government action has not risen to the point of crisis, as it affects the young corrupt and has not yet approached the “money whales”, in one of the most corrupt countries in the world.

Observers believe that Prime Minister Adel Abdul Mahdi, an independent party is not supported by partisan, is still hostage to the leaders of the parties that brought him to power, which is condemned by the protesters for the provision of jobs and services, and to fill the pockets of officials with the money of corruption, which evaporated more than $ 450 billion in 16 years , According to official figures.

Finally, the government has taken a series of anti-corruption decisions, most notably the referral of 1,000 employees to the judiciary and the dissolution of the offices of general inspectors.

“The issue of corruption cannot be solved without seriousness and sincere intent,” says a source at the government's Integrity Anti-Corruption Commission.

Partners of corruption
and adds the source , who asked not to be identified because the prime minister is unable to, because he knows that all subscribers of corruption, and even before working with them when took office a year ago.

The source believes that corruption in Iraq - which ranks 12 in the list of the most corrupt countries in the world according to Transparency International - lies in three files.

He explains that these files are border outlets, oil smuggling, and state real estate, and if eliminated, the volume of corruption fell significantly.

An official of the Committee of Inspectors General in the Ministry of Oil that the Committee, which froze its work, has stopped many of the operations of corruption.

"The committee of inspectors at the Ministry of Oil stopped the extension of the Iraqi oil pipeline to Jordan, which cost almost $ 1.5 million per kilometer (a huge figure)," he said, asking not to be named. .

These committees, which are located in all ministries and public administrations, are under the control of the ministry.

The freeze on her work "did not add a loaf of bread to the poor protesters, but the snow of the corrupt," according to the official unemployed technically at the moment.

According to the source in the Integrity Commission, this decision, like other measures taken by the government recently, "the dismissal of junior employees, while the Mafia parties control."

More than a week ago, Abdul Mahdi announced that he had handed over to the judiciary a list of 1,000 employees accused of corruption, vowing to provide a preliminary list of senior officials.

Abdul-Mahdi's office confirmed in a statement at the time, that among these former ministers, and officials are still in office. However, no name has been officially announced so far, although at least two trade ministers have been jailed in recent years on corruption charges, but they left the country at the time of the verdicts.

Demonstrations against corruption, usually in Iraq. But during six days of protests that began on October 1, marred by bloody violence, 110 people died, most of them demonstrators shot by live bullets, at an unprecedented level that increased street pressure.

It seems that the direction of the street in the coming days, now clear, with the call of the leader of the Sadr movement Muqtada al-Sadr to convert the visit of the Arbain Imam Hussein in Karbala, to a demonstration against corruption.

Protesters are also waving back to the street on the 25th of this month, which marks a year since Abdul Mahdi took office.

Source: French

DinarThug · October 17, 2019

Parliamentary Finance: The KRG promised to deliver oil before receiving the salaries of its employees in the 2020 budget

18:41 - 17/10/2019

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Information / Special…

The Kurdistan Finance Committee, on Thursday, that the Kurdistan Regional Government promised the federal government to deliver oil before the salaries of its employees within the 2020 budget.

A member of the Committee Siham Shannon said in a statement to the information, that "the provincial government informed Baghdad that it will send oil to SOMO before sending salaries of its employees within the 2020 budget," pointing out that "oil to be sent is part of the quota allocated for 2020."

She added that "the government of the region has not sent its oil budget in 2019 so far," indicating that "the government may oblige the region to send more than 250 thousand barrels per day to pay off debts arising from it." Finished 25 T.