Well… here we are again! It is now nearing the end of the 2nd Quarter. Again… a perfect (budget/bookkeeping) time for a currency RV. The CBI has been working diligently toward this goal. They have been successful in removing over 39 Trillion worth of the "000" notes from the streets. They have issued new lower denomination notes as low as the 50 Dinar note and are also distributing coins that will most likely cover the need for even lower amounts of change (although I haven’t heard anything on the value of these coins as yet). CBI has the tools and is now ready to implement the mechanism to raise the value of their currency. I have heard and am hopeful this happens within the next week.

On a side note, Mahdi is cutting it pretty close. He has till the end of this month (one more week) to complete his government, or he will become subject to a vote of No Confidence. There are those that believe not having a complete Cabinet has been the holdup for CBI implementing the mechanism. I am NOT one of those. I believe, although CBI works with the government, it is separate from the government. Their sole purpose is to maintain Financial Stability within Iraq. I believe regardless of whether Mahdi completes his government or not, CBI has the authority to move forward with adding value to their currency. I guess we’ll see what transpires over the next week.

Another tidbit… Years ago we were told to go to our local Bank of choice when the time came to exchange. Lately, I have been hearing that there will be 800 #’s posted to set up appointments for exchange at "Redemption Centers". An established exchange rate, higher than CBI’s posted rate, would be locked-in for a limited amount of days. At this time, I have heard nothing more about these Redemption Centers, so I will have to wait till those 800 #’s are released to find out how they process the exchange. In the meantime I have had several talks with my banker and was told that their local bank branches do not have the Del-A-Rue Machines required to verify our Dinar, but their Vault does. So, if I exchange at my bank, they will credit my account at the current CBI posted exchange rate, then the Dinar would be sent off to "The Vault" to be verified. Once verified, my funds would be released for my use. And since no one would be allowed to know where, or allowed to go to "The Vault" themselves, our dinar would be out of our sight for several days. Not a comfortable thought, but it is what it is.

Tax wise… I’m still hearing this investment will not be Taxed. That is a nice thought but I wouldn’t count on it. Bush’s tax free credit expired during Obama’s administration and I have read enough to rule out Capital Gains as well. Plan on Ordinary Income @ 35%, depending on how much you earn at exchange. And Please check with your Tax professional at the appropriate time. The IRS has had plenty of time to give this a lot of thought. I’m sure they will have a ruling by time taxes are due.

That’s all I have to say for now. Let me know your thoughts as well. We are all in this together. Thanks and take care. :cool:

Yesterday – 3/28/19: Iraqi TV was broadcasting the past Prime Minister Abadhi stating that the process to arrest past Prime Minister Maliki for the downfall of Mosul was initiated and requested that present Prime Minister Madhi enforce that decision.

Today – 3/29/19: Maliki was Arrested. :cool:

This is a step in the right direction. I sure hope it sticks!

<font size="4"><span style="color:#000000;">President Saleh: We want to adopt a balanced regional policy with the slogan "Iraq first"<br>2/27/2019<br></span></font><strong style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; color: rgb(10, 10, 10); font-family: Tahoma, arial; text-align: justify;"><p style="margin-bottom: 20px; outline: none; list-style: none; border: 0px none; box-sizing: border-box;"><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;"><font size="4"><span style="color:#000000;"><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;">The President of the Republic, Barham Saleh, stressed that the victory over the terrorist gangs was not easy, pointing out that the battle was difficult, in which Iraq paid a heavy price and suffered its components from this terrible ordeal, where the Iraqis of all sects achieved a major victory.<br><br>&nbsp;</font><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;">"Reforming the situation in Iraq will be important, and I mean initiating major political initiatives to make sure that our components are fully represented," Salih said at a lecture at the French Institute for International Relations, on the sidelines of his visit to Paris, which he recently concluded. <br><br>In our system and promote reconciliation and the gathering of moderates across Iraq in the face of extremists, this process will be primarily an Iraqi operation. "<br><br>&nbsp;</font><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;">"There is a transition to power despite differences in Baghdad, and although the difficulties in Iraq are great, relations between Baghdad and Erbil have improved considerably," the president said.<br><br>&nbsp;</font><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;">He expressed his hope that "building a positive atmosphere with the new government so that it can address some of the constitutional requirements to put this relationship in the framework of a permanent solution,"<br><br> stressing that "the Iraqis and after four decades of wars, sanctions, terrorism and isolation reached a conclusion (this is enough) Iraq must be a conflict zone where it must be where the interests of our neighbors converge. <br><br>"&nbsp;</font></span></font><font style="padding: 0px; margin: 0px; outline: none; list-style: none; border: 0px none; box-sizing: border-box; vertical-align: inherit;"><font size="4"><span style="color:#000000;">The President Saleh "his desire and the Prime Minister and the Iraqi government to pursue a balanced regional policy, the motto is certainly (Iraq first)."</span></font><br><br>https://mangish.net/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B5%D8%A7%D9%84%D8%AD-%D9%86%D8%B1%D8%BA%D8%A8-%D8%A8%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%AC-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A/</font></font></p></strong>
"Libyan dollar" .. The owners of banking offices doubt entering it through "Mafiyat" and central denies

The frozen Libyan dollars, according to activists and office owners, have been "smuggled" to some countries at prices of up to half their value through "organized mafias" to settle in unstable places and countries and feed some of them into a "huddle" between 2014 and 2017.

In December 2016, the US Treasury decided to freeze potential assets of two US companies and prevent any Americans from dealing with them, one in Iraq and the other in Abu Kamal, Syria, which played an important role in remittances by helping them transfer funds to al-Qaeda. "Cheers".

"We have heard of the entry of Libyan dollars into Iraqi markets and are currently being traded," Mohammed Ghani, owner of one of Baghdad’s banking offices, told Alsumaria News. "These dollars can not be known because they are originally not forged."

"The figures of these dollars have been distributed to the banks through a special sequence of this currency," Ghani said, adding that "these Libyan dollars in the market, which are in the possession of citizens, can not be known for their ignorance of this and for not knowing the prohibited sequence in the Libyan dollar."

"There is talk about the Libyan dollar smuggled into Iraq through the sale of some half of its price in the markets," confirms the owner of the office of another bank, Mohammed Hamza, told Alsumaria News that "the currency spread in the local markets because this currency is not forged."

"There is a difficulty in controlling them because there are mafias of an organization that does such things and distributes them in all places," Hamza said, calling on the government to "take responsibility for revealing the facts and knowing how they entered Iraq."

For its part, the central bank denied the media and social networking news of the entry of the US dollar currency from Libya.

In a statement received by Alsumaria News, the bank said that "what the media and social media reported about the entry of the US dollar from Libya is incorrect," noting that "the procedures for verification of its non-existence have been the exchange of information with the relevant agencies inside Iraq And beyond. "

The bank warned of "fraud and fraud that may be practiced by some in this area," pointing out that "it continues to take control and auditing procedures in the circulation of foreign currency in accordance with its instructions in order to ensure the safety of foreign currency circulation."

The bank called on the media to "be careful in dealing with the news of the inaccurate news of the negative effects on the stability of the financial system and banking in Iraq."

The Central Bank is asking banks to inform them of the amounts they bought and not sold

The Central Bank of Iraq on Monday called on all banks to inform them of the amounts they bought from them and were not sold.

The bank said in a statement read by "Economy News" that "all banks inform us about the cash that was bought through the window selling foreign currency has not been sold so far."

He added that "the purpose of this comes from the principle of transparency and compliance with the instructions of the Central Bank of Iraq and under the undertakings approved by your departments, including the sale of cash to passengers outside Iraq and to prevent the failure to commit violations of instructions to sell cash."

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.


Saleh for the Sharm el-Sheikh summit: Our vision is based on protecting Iraq’s sovereignty and avoiding the policy of axes

"The real victory achieved by the direct threat of terrorism and its extremist ideology still requires many of us, the countries of the region and even the world to be a firm, decisive and sustainable victory," President Barham Salih said.

"Participants in the historic Arab-European neighborhood, economic imperatives and cultural integration impose themselves on everyone and support the adoption of joint action to enable our peoples to move together into the future," Saleh said in a speech at the Arab-European summit in Sharm el-Sheikh.

"I am coming from Iraq, which courageously confronted the threats of terrorism represented by the organization," he said, "and succeeded by adopting the principle of regional and international cooperation in undermining and breaking it," noting that "victory was the result of the will of the Iraqis and their defense of their country and cities, International and neighbors, whose role is not forgotten. "

He explained that "Iraq is now the leading role in the fight against terrorism and extremism, and its strategic location and resources and the need for reconstruction, looking forward to be a yardstick for the interests of the countries and peoples of the region is not an arena for contention and conflict, and Iraq in depth Gulf and Arab, and the Islamic side, and the natural and human resources , Can be effective in the region’s reunification and reduce tension. "

"Our vision for our national interests and development benefits is based on safeguarding the sovereignty and stability of Iraq and its exclusion from the policy of the axes," he said, adding that "we look forward to an active contribution to building a new stable system in the region based on joint security and economic integration through infrastructure interconnection and disarmament. Causes of tension and conflict. "

Saleh reiterated his call for "comprehensive cooperation, which is devoted to the mutual benefits of development and security between neighboring and neighboring countries on vital Bahrain in this region, the Gulf and the Mediterranean," pointing out that this vital part of the world when it enjoys security and prosperity, the stability of the world will be based on this region.


Al-Hamdani: Iraq seeks access to the World Trade Organization and its integration into the global economy

Al-Hamdani: Iraq seeks to reach the World Trade Organization and integrate it with the global economy skip after: Economy 2019/02/25 11:05 115

Baghdad Chamber of Commerce chief Jafar al-Hamdani said Monday (25 February that Iraq is pursuing various ways, activities and events to reach the WTO agreement and integrate its economy with the global economy.

"After Iraq signed the trade agreement with the Jordanian side, the trade and economic relations with the merchants and businessmen of both countries have been revived," al-Hamdani said during the signing of an agreement between the Baghdad Chamber of Commerce and the Amman Chamber of Industry in a statement received.

"The agreement was signed during the Jordanian-Iraqi business forum, which was attended by Iraqi minister of Industry and Minerals Saleh al-Jabouri and a selection of Iraqi industrial and commercial figures, as well as Jordanian minister of Industry, Minerals and trade Tariq al-Hamouri and Jordanian personalities," the statement added. Other ".

"Iraq is in dire need of a joint Arab economic project to return to the Arab and international incubator," Al-Hamdani said, noting that "the agreements signed with Jordan will be the real breakthrough."

"Iraq wants to be present at the Arab and international economic events and to arrive as soon as possible with the World Trade Organization Agreement and the integration of Iraq into the global economy," he said, pointing out that "the agreements will be an opportunity to reach the Red Sea ports through Jordan."

"Iraq wants Jordan to reach out to international banks, to establish economic partnerships with Jordanian businessmen and to supply goods through Aqaba," al-Hamdani said.


"NATO " reveals the mission of its forces in Iraq: identified/"NATO " reveals the mission of its forces in Iraq: identified

The NATO/NATO mission in Iraq on Monday (25 February 2019) disclosed the mission of its forces, which was confirmed four months ago.

"This task has been identified about four months from now, our goal is to advise the Iraqi Ministry of Defence, the Office of the National Security Advisor, the Prime Minister and the General Operations Centre," said the commander of NATO forces in Iraq, Danny Fortin, in a press statement.

"We also train military school instructors and provide them with professional military education," he said, adding that "this mission includes Baghdad and a number of other areas of Iraq."

"Thanks to our history (NATO), which is renowned for providing specialties and our expertise in training, exercise and qualification in a number of countries, we can help the Iraqi army evolve in several areas and become a professional force," he said.

"His forces have recently started training Iraqi soldiers, working with various branches of the Ministry of Defense, and starting from military schools, we are preparing military instructors,"

he said, "although their numbers are few but we are working as a complement to other efforts, and we are working side by side with the Ministry of Defense on Prepare those trainers who will become the future military instructors in schools. "

"His forces aim to make the Iraqis reach a level where they are able to train their troops instead of resorting to foreigners, like us, to train their troops," Fortin said.

That’s the point. Our task is not to fight battles and combat, not to train in battlefields or to provide field advice. "What we do is to provide training in schools and military colleges, to help the Iraqi army to be better and more professional."


Report: US military seized 50 tons of gold in caches


A newspaper report said on Sunday that "US forces seized tons of gold" was held by elements of the organization of the call, and gave part of the Kurdish fighting forces in Syria.

The Basnews website quoted unnamed sources in a report by Nass today as saying that "dozens of tons were in the possession of the organization in his last pocket in the Bagouz suburb of Deir al-Zour, and became in the hands of the Americans.

"The sources estimated the gold with 50 tons, was transferred out of Syria through the bases in Kobani, western Iraqi Kurdistan.

Earlier in the year, the Washington Post published a report from Erbil to its correspondent, Gobi and Eric, in which he disclosed that the organizer of the with drawer brought with him a wealth of coins and gold, and fled them out of Iraq and Syria to finance future operations.

"One year after the collapse of the so-called caliphate, the organization sits on a mountain of money and gold, which its leaders have stockpiled to fund future operations and ensure that the organization survives for years to come," Warrick said.

The report notes that with the withdrawal of the organization’s fighters from Syria and Iraq, the leaders carried with them large amounts of foreign exchange and gold, with a fortune estimated by experts about 400 million dollars, the wealth that was looted from banks and criminal acts, pointing out that although most of this wealth Hidden, but the leaders have washed a quantity of them in legitimate business throughout the Middle East

.Security officials are quoted as saying that the money is to fund future operations if he leaves his current position.Meanwhile, the Secretary-General of the people of the right Qais al-Khazali, said that "the United States took the gold went to Iraq and turned foreign impulses to him."