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Featured Post

Operation Disclosure GCR/RV Intel Alert for April 25, 2018

RV/INTELLIGENCE ALERT - April 25, 2018 (Disclaimer: The following is an overview of the current situation based on rumors from several ...

Sunday, August 28, 2016

Dinar Updates Daily Chat Log for Sunday 8/28/16 - Part 3

Dinar Updates Daily Chat Log

Part 3 - Featuring firefly

(3:01 PM)com1 was kicked out by com1!

(3:08 PM)Terrafay was kicked out by Terrafay!

(3:10 PM)Terrafay was kicked out by Terrafay!

jeffusa says(3:19 PM):

(IraqiNews.com) Mosul – A local source informed that an ISIS leader was killed in airstrikes by the US-led coalition in the ISIS-occupied city of Mosul in northern Iraq.

“Abu Yahya Alwaizi, who is considered to be a top ranked ISIS leaders and who also fought in the Syrian city of Aleppo, was killed at al-Shurah district,” further added the source seeking anonymity.

Anticipating offensive, coalition aviation were prepared and the airstrikes came before ISIS could launch an attack and thus were able to liberate Mosul. The city was an ISIS stronghold since June 2014.

jeffusa says(3:20 PM):

whack a mole continues

magnetlady says(3:24 PM):

WOW jeffusa, thanks for bringing that in

jeffusa says(3:27 PM):

A group of residents in a southern sub-district of Mosul have launched armed conflicts against the ISIS militants in their home town, leaving several terrorists killed and injured.

The confrontations took place on Sunday, August 28, in Hamam Ali sub-district where the residents had previously, on several occasions, mounted resistance against the harsh rules of the extremists.

Iraqi media reported that at least five terrorists were killed in the confrontations with several more injured.

With a prolonged rule of IS in their area and lack of services, stability and security under the control of the terrorists, residents in northern Iraq are occasionally confronting the militants or conduct raids on their checkpoints.

jeffusa says(3:27 PM):

this is what we need the people of Mosul fighting back

JETSET says(3:32 PM):

great news, jeffrey!

JETSET says(3:32 PM):

ok.... time for a ciesta!

Holly1 says(3:33 PM):

I posted MadDscout post on Iraqi site .. this is what they said so far ....

JETSET says(3:33 PM):

also known as a siesta! (lol)

Holly1 says(3:33 PM):

الجبوري leader of theft

Holly1 says(3:33 PM):

Ahmed Esam It's unbelievable , they know how wasted Iraqi money but they can't get him in jail .

Holly1 says(3:33 PM):


(3:37 PM)Dr Dave was kicked out by Dr Dave!

Holly1 says(3:39 PM):

Haider Al-Abadi 6 mins ·

Prime Minister Dr. Haider al-Abadi receives Parliament Speaker Salim al-Jubouri.

During the meeting, the blessing of the great victories achieved by our heroine in Khalidiya and Qayyarah and the importance of unifying the floor and rows to sustain the momentum of winning the whole territory and editing.

They also discussed preparations for the Liberation of Mosul and the emphasis on the humanitarian situation of displaced persons and the provision of essential necessities of life for them

Holly1 says(3:39 PM):


Pablo says to Holly1(3:40 PM):

Thanks Holly. Do we have any new info on the VND?

Holly1 says to Pablo(3:44 PM):

I have none ... maybe fire does :)

Holly1 says(3:44 PM):

Press tomorrow - that's just what will witness the parliamentary session tomorrow

Holly1 says(3:44 PM):


Holly1 says(3:44 PM):


Pablo says to Holly1(3:45 PM):


(3:45 PM)dinarforme was kicked out by dinarforme!

Holly1 says to Pablo(3:45 PM):


Holly1 says(3:46 PM):

Karbala news

# Bank Rasheed staff decides to grant a loan of $ 75 million to build http://fk-news.com/59078-.html

Holly1 says(3:46 PM):


_firefly_ says to Holly1(3:46 PM):

I know nuttin (:o)

Baxter says(3:48 PM):

Firefly.... got a question: the buy/sell spread at the auctions is Horrendous... 1283/1182.. over a 100 dinar to the dollar.. who is gettin all that money?

Holly1 says(3:49 PM):

Adnan Majeed Serail

It said that if the egg has been broken by (external), the strength of her life is over.

If the egg has been broken by (inner strength), there 's life has begun.

Good things always start from the inside !!

Holly1 says to _firefly_(3:49 PM):


cricket22 says(3:51 PM):

Hi guys and gals! (F)

_firefly_ says to cricket22(3:53 PM):

Hey Luvy :)

cricket22 says to _firefly_(3:54 PM):

HI sweetie! :)

Holly1 says to cricket22(3:55 PM):


cricket22 says to Holly1(3:56 PM):


Holly1 says(4:10 PM):

tomorrows news

Holly1 says(4:10 PM):

Central urges expansion of banking activities

(4:11 PM)Canucklady was kicked out by Canucklady!

Holly1 says(4:11 PM):

08/29/2016 12:00 am

BAGHDAD - Hussein Tgb CBI called for private banks need to comply with the instructions and controls to enable it to promote the private banking sector and increase the citizens ' trust in him, and contribute to raising the financial innovation levels , after falling to a great extent during the last period . The representative of the Central Bank at the annual meeting National Islamic Bank : to be the expansion of banking activities in

Holly1 says(4:12 PM):

order to attract the largest number of beneficiaries of the citizens and companies, and pointed out that the central bank focuses on important aspects of private banks operate in the forefront of compliance with processors money laundering and risk management and internal audit These are important things to contribute to a large one in maintaining the functioning of the banking business and the creations of the beneficiaries, and help reduce and branches of banks losses . But Laith high - Vice chairman of the Islamic

Holly1 says(4:12 PM):

National bank administration pointed to competition easier handling and recycling of funds between banks , government departments and acceptance issued by private banks instruments mechanisms . he said : to stop work and investment impact on the growth of banking activities, and the financial circumstances of the country and the trend towards austerity prevented the expansion of banks and stopped aimed at horizontal expansion plans . expert Islamic banking d . Dr. Sadeq al - Shammari said : that the central and

Holly1 says(4:13 PM):

private banks Ajmaa on the need to promote human resources Almt_khassah different activities and bank products , and the development of systems and technologies needs to be qualified to a high degree of mastery , pointing out that the banking sector needs to develop regulations and make them compete for banks regional and international . He

Holly1 says(4:14 PM):

said the rapprochement between the central and private banks would create a conducive environment for banking development, where the working banks according to the Central instructions governing the various activities and services and pursue the course of financial matters . He stressed that Islamic banks were taken to expand and grow horizontal rapidly to the presence of a great demand in various countries around the world on the offer of products represented an attraction of its own profit commensurate social attitudes and economic .

Holly1 says(4:15 PM):


_firefly_ says(4:15 PM):

Business News | Sun Aug 28, 2016 12:31pm EDT

Global central bankers, stuck at zero, unite in plea for help from governments

_firefly_ says(4:16 PM):

By Howard Schneider | JACKSON HOLE, Wyo.

Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.

Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.

Without that, they said, it would be hard to convince markets and households that things will get better, and encourage the shift in mood many economists feel are needed to improve economic performance worldwide. During a Saturday session at the symposium, such a slump in expectations about inflation and about other aspects of the economy was cited as a central problem complicating central banks' efforts to reach inflation targets and dimming prospects in Japan and Europe.

ECB executive board member Benoit Coeure said the bank was working hard to prevent public expectations about inflation from becoming entrenched "on either side" - neither too high nor too low. But the slow pace of economic reform among European governments, he said, was damaging the effort.

"What we have seen since 2007 is half-baked and half-hearted structural reforms. That does not help supporting inflation expectations. That has helped entertain disinflationary expectations,” Coeure said.

Bank of Japan governor Haruhiko Kuroda said he is in regular talks with Japanese Prime Minister Shinzo Abe about opening Japan to more immigration and other politically sensitive changes needed to improve potential growth, currently estimated at only around one percent annually.

Fed Chair Janet Yellen devoted the final page of her keynote talk on possible monetary policy reforms to a list of fiscal and structural policies she feels would help the economy.

_firefly_ says(4:16 PM):

Fed Chair Janet Yellen devoted the final page of her keynote talk on possible monetary policy reforms to a list of fiscal and structural policies she feels would help the economy.

_firefly_ says(4:17 PM):

Fiscal policy was not on the formal agenda for the conference, but it was a steady part of the dialogue as policymakers thought through policies for a post-crisis world. One of the central worries is that households and businesses have become so cautious and set in their outlooks - expecting little growth and little inflation - that they do not respond in expected ways to the efforts central banks have made.

That has included flooding the financial system with cash, and voicing a steady commitment to their inflation targets in an effort to make people believe they will be met.

Kuroda acknowledged that household expectations have not moved, and said the BOJ was prepared to continue its battle to figure out how to shift them. In modern monetary theory, households and business expectations are felt to play a defining role in spending and investment decisions, and thus in shaping inflation and growth.

"Japanese inflation dynamics remain vulnerable," Kuroda said. "It could be that long-term inflation expectations are yet to be anchored in Japan" at the bank's 2 percent target.

The concern about expectations is a paradox. The Fed for example fought a difficult battle with inflation in the 1970s, hiking interest rates to recession-provoking levels and eventually winning a war of credibility over its ability to rein in price increases.

_firefly_ says(4:18 PM):

Fiscal policy was not on the formal agenda for the conference, but it was a steady part of the dialogue as policymakers thought through policies for a post-crisis world.

_firefly_ says(4:18 PM):

Some central bankers remain fearful of clipping that cord.

_firefly_ says(4:19 PM):

But they also are hunting for ways to jolt the economy out of its doldrums, and a fiscal push is a possible tool.

In a lunch address by Princeton University economist Christopher Sims, policymakers were told that it may take a massive program, large enough even to shock taxpayers into a different, inflationary view of the future.

"Fiscal expansion can replace ineffective monetary policy at the zero lower bound," Sims said. "It requires deficits aimed at, and conditioned on, generating inflation. The deficits must be seen as financed by future inflation, not future taxes or spending cuts."

It was not clear whether such ideas will catch on. But there was a broad sense here that the other side of government may need to up its game.

(Reporting by Howard Schneider; Editing by Chizu Nomiyama)

_firefly_ says(4:19 PM):

a fiscal push is a possible tool.

_firefly_ says(4:19 PM):


Holly1 says to _firefly_(4:20 PM):

ty... fire (F)

_firefly_ says to Holly1(4:21 PM):

VW :-*

Holly1 says(4:21 PM):

Agriculture : the completion of the investment map for the year 2017

Holly1 says(4:21 PM):

08/29/2016 12:00 am

BAGHDAD - Suha Shaykhli

require current stage , providing food security , self - sufficiency in agricultural crops through the promotion of agricultural investment, after the dissolution of the technical, administrative and legal intersections issuing agricultural investment a special law .

Holly1 says(4:22 PM):

Center of the photo said the Ministry of Agriculture Investment Director of Studies Engineer Mazen Saeed Abdullah's » morning » , in connection with the completion of the investment map for agricultural projects to be put up for investment for the year 2017. The establishment of projects and between Abdullah said investment department plan for the year 2016 aimed at creating opportunities for the establishment of projects and address the relevant authorities to facilitate the process of the establishment of projects,

Holly1 says(4:22 PM):

pointing to the involvement of stakeholders and agencies chock for obtaining the necessary approvals to set up these projects . He explained that the stomach by the department of agricultural investment map occur annually, depends on where the variables in terms of the availability of new investment opportunities, cancellation or exclusion of the land held by the projects . saw Abdullah that the most important problems facing the agricultural investment the abuses on the land, and disputes clan, as

Holly1 says(4:23 PM):

I just cant get the thought out of my head when i see agricultural... what Dr, spring in Iraq once said to me :)

Holly1 says(4:24 PM):

well as non - allocation of agricultural investment , particularly in the amended investment Law No. detailed paragraphs ( 13) for the year 2006. the foreign consulting and called for higher authorities to issue a law on agricultural investment is also the case in the rest of the world, to further attract investment domestic and foreign , and to provide guarantees for the investor . Besides, Director of the most prominent summed

Holly1 says(4:25 PM):

obstacles agricultural investment success by « security situation , which reflected negatively on the agricultural situation in the country, and the scarcity of electric power in rural and agricultural areas provide, as well as red tape and bureaucracy in the completion of transactions and approvals for obtaining investment licenses . He also said the problems faced by local farms, including the high cost of materials used in agriculture and crop production compared to his counterpart from the importer, which led to the reluctance of many farmers, preying Other professions that prompted them to migrate

Holly1 says(4:25 PM):

from the countryside to the city . Abdullah stressed the need to stop the import Agricultural crops in times of production and launch in a period of scarcity, especially as the country is witnessing a production dates , season and some other crops, especially the agricultural and animal products exist in all countries of the world, but well thought out and balanced with production . promised livestock of fattening calves and projects Poultry specific shortly projects quick production projects that fill a specific percentage of the local market need . and on the achievements of the investment plan through the year 2016 , he said Engineer Abdullah said investment agricultural walking naturally for

Holly1 says(4:26 PM):

example , there are 20 about projects in each province ( except the province of Kurdistan ) , but delay in the issuance of investment amended Act have negatively impacted on some recipients investor approvals were waiting to sign the contracts . He noted that the agricultural initiative affected by the financial pinch and drop in oil prices, but it ( the initiative ) large projects achieved by nearly 90 percent, including cold storage plants cows, stressing that his department in connection with the completion of the investment map for projects set to go invest or to participate for the year 2017. 

Holly1 says(4:27 PM):


Holly1 says(4:27 PM):

Government : 103 trillion dinars budget 7102

Holly1 says(4:28 PM):

08/29/2016 12:00 am

BAGHDAD - Shokran Fatlawi

examine the experts capital and economy of ways to search for new resources to supplement the general budget, expressing concern about rising deficits as a result of the deterioration of oil prices and its impact on the Iraqi economy, by addressing the negatives that REO .

Holly1 says(4:29 PM):

Participants gather at the seminar organized by the progress of the Policy Institute development and attended the « morning » the importance of studying the reasons behind not to increase non - oil revenues , and develop solutions to them, in addition to knowledge of the plug , which relies on domestic borrowing taking into account the benefit of farmland and reconsider the value of the dollar mechanisms let alone establish the necessary controls that limit drain economic resources

of the country .

Holly1 says(4:29 PM):

read the budget Law , president of the institute d . Mehdi al - Hafez initiated a symposium titled « lights on the oil situation and the potential challenges » diagnosis of negative indicators caused by falling oil prices, stressing at the same time the need to diversify the financial resources based on the taxes and customs duties and the collection of fees water and electricity and increase taxes online and mobile phones . as Hafiz pointed out in his speech to the need to read the General budget Law in accordance with the visions that came in, in terms of the diversification of resources and improve the link by improving the relationship with the international Monetary Fund and

Holly1 says(4:30 PM):

foreign funders of the state . He praised Hafiz on the issue reduced estimates of the price of a barrel in the budget and calculated at $ 35 per barrel in order to avoid problems caused by low oil prices in the future knowing that the prices currently ranging between 40 - 45 dollars . increase the volume of production and financial advisor to Prime Minister d . the appearance of Mohammed Saleh spoke , saying : required to increase oil production volume by 400 thousand barrels per day for the year , production in 2016 and to ensure that part of the funding equation difficult and roof of the proposed

Holly1 says(4:31 PM):

budget for the year 2017 amounting to 103 trillion Iraqi dinars by deficit jumped to 34 trillion dinars of 24 trillion dinars , what was it . Salih noted that oil revenues with the payment of dues companies licenses with what is left is not enough to meet the employees ' salaries so the government resorted to plug of borrowing , which led to high domestic debt to 45 trillion dinars is expected to reach the end of the current to 51 trillion dinars . He pointed out that what has been paid by companies to the oil service contracts totaled 43 billion dollar since 2011 - 2016 while revenues amounted to 200

Holly1 says(4:32 PM):

billion dollars in order to maintain production volumes which represents suffocation can either be imported local need of oil derivatives with high costs , or that are increasing the volume of production , adding that the total revenue for the year 2017 will amount to 70 trillion dinars of oil revenues 58 trillion dinars and other income 11 trillion and the barrel price will be 35 dollars and the amount of current expenditures 76 percent and investment 24 percent and the proportion of the deficit 32 percent and the percentage covered from internal sources 66 percent . glut the oil market , for his part, has ruled out

Holly1 says(4:32 PM):

an expert oil Fouad Qassem Alamerastaadh oil prices recover any the return of prices to 80 dollars a barrel until the year 2020 due to a glut in the oil market is estimated at 3 million barrels a day, noting that prices will fall during the winter season and rise slightly in the summer by the increase and decrease in oil glut and speculation . He noted the Prince to the existence of factors that will stay low prices , including allowing Iran to increase its output, after the lifting of the embargo, as well as the possible return of Libya to export accompanying unwillingness of Saudi Arabia to cut production levels , let alone

Holly1 says(4:33 PM):

increase oil production rates of rock . eliminate the glut promised to adopt the price of 35 dollars per barrel in the budget of 2017 the good price that the prices range from $ 40 - 45 dollars, calling at the same time , the new oil minister to the need to campaign ties aimed at persuading oil - producing countries to cut production by 7 percent to eliminate the glut of existing which would raise prices to around 80 dollars per barrel during the short period of time .

Holly1 says(4:33 PM):


magnetlady says(4:34 PM):

Hey Holly1 THANKS for all you bring into the site. It really is appreciated.

Holly1 says to magnetlady(4:35 PM):

(F) yvw... :)

Holly1 says(4:35 PM):

Moves to increase non-oil revenues

Holly1 says(4:36 PM):


BAGHDAD - Farah pumice

Parliamentary Finance Committee unveiled a government movements - a representative to increase non - oil revenues .

According to the Chairman of the Committee Mohammed Halbusi for » morning » , the volume of non - oil revenues by activating the collection and application of the laws relating to tariff and other measures .

Holly1 says(4:37 PM):

the Finance Committee may Devt Dr. Mzarmohamd favor of a financial advisor to the Prime Minister for economic Affairs and the general managers of the departments of tax and estate State customs and representatives of the Central Bank and the telecommunications

and media .

He Halbusi that the meeting discussed ways to resolve the problems and constraints faced by these departments that stand in the way of preventing further its revenues, as it

Holly1 says(4:38 PM):

has been put forward new ideas to address these negative aspects, through increased control, audit and prosecute corrupt, as well as readiness to support these services and solving the problems of by creating amendments to some legislation related to their work, in addition to carry out education campaigns to encourage compliance with these laws .

the Prime Minister , Dr. Haider al - Abadi has stressed the importance of raising the efficiency of the use of the estimated revenue for the year 2017 , towards securing salaries and wages and salaries of retirees and insurance payments of social protection network and the ration card . in

Holly1 says(4:38 PM):

turn, said committee member Jabbar Abdul Khaliq that the committee is working on activating the non - oil revenues to reduce the burden of winning on the budget due to falling global oil prices .

He said the existence of other non - oil revenues , including taxes and customs duties, can form a figure was not bad in the support budgets Albuldalfdralah, noting that the budget in 2017 will not differ much from those for the current year .

Holly1 says(4:39 PM):

as between the government girl the budget next year at a price of 35 dollars per barrel which is reasonable remains unchanged drop in oil prices, pointing out however that the deficit will be repaid through domestic borrowing

and external .

Holly1 says(4:39 PM):


_firefly_ says(4:42 PM):

Crises and rescues: liquidity transmission through international banks

by Claudia Buch, Catherine Koch and Michael Koetter

Working Papers No 576

August 2016

This paper studies how global banks transmit liquidity shocks via their internal capital markets. The unexpected access of German banks' affiliates located in the United States (US) to the Federal Reserve's Term Auction Facility (TAF) serves as our liquidity shock. Using microdata on all affiliates abroad, we test whether affiliates located outside the US adjusted their balance sheets during periods, when the US-located affiliate of the same parent received TAF loans. Our analysis has three main findings. First, during periods of active TAF borrowing, foreign affiliates of parent banks with high US dollar funding needs reduced their foreign assets by less. We identify those parents based on their pre-crisis exposure to the US asset-backed commercial paper (ABCP) market. Second, foreign affiliates in financial centers also shrank their assets less. Third, there is no evidence that the ABCP exposure per se is driving the reduction of activity outside the US. In sum, our results show that the TAF program spilled over into foreign markets, while highlighting the importance of actively managed internal capital markets and the increased centralization of global banks' liquidity management at the domestic parent during and after the financial crisis.

JEL classification: G01, F34, G21

_firefly_ says(4:43 PM):


magnetlady says(4:46 PM):

Thank you firefly for bringing in the news too

Holly1 says to _firefly_(4:46 PM):


_firefly_ says to magnetlady(4:46 PM):

Very welcome hon :-*

_firefly_ says to magnetlady(4:47 PM):

Need to pay attention to what the mother of all banks says

_firefly_ says to magnetlady(4:47 PM):


_firefly_ says to Holly1(4:48 PM):


magnetlady says(4:48 PM):

AMEN to that one

_firefly_ says to Holly1(4:48 PM):

I would comment but ....... lol

Holly1 says to _firefly_(4:49 PM):


puffdragon says to _firefly_(4:49 PM):

BUT you dont want to end up on dinar GURU !!! ({):D

_firefly_ says to puffdragon(4:50 PM):


magnetlady says(4:50 PM):

They wouldn't have a reason to put me on there.

magnetlady says(4:50 PM):


puffdragon says to _firefly_(4:50 PM):

Thats understandable !

_firefly_ says to puffdragon(4:50 PM):

Even I can't make sense of the cliff notes lol

puffdragon says to _firefly_(4:51 PM):

Come on SUPER BUG we all know you know all about that financial stuff ! :D

_firefly_ says to puffdragon(4:52 PM):

I know nuttin :)

puffdragon says to _firefly_(4:52 PM):

OOO KKKK !! :)(y)

magnetlady says(4:53 PM):


subgirl says to magnetlady(4:55 PM):

Hi there :) can I give you a break now?

magnetlady says(4:56 PM):

Sure subgirl. let me copy once more.

magnetlady says(4:56 PM):

Thank you

Continue to Part 4
 | Link to Part 1



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