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Restored Republic via a GCR: Update as of March 19, 2018

Restored Republic via a GCR Update as of March 19 2018 Compiled 12:01 am EDT 19 March 2018 by Judy Byington, MSW, LCSW, ret. CEO, Child Ab...

Wednesday, October 5, 2016

Dinar Updates Daily Chat Log for Wednesday 10/5/16 - Part 3

Dinar Updates Daily Chat Log

Part 3 - Featuring rcookie

rcookie says(8:40 AM):

* Where the problem lies in the processes auction currency?

the problem is not selling the dollar because they process are inevitable being maintained to achieve the goals of many and balances, some of which is wrong on the central bank operation and described descriptions illogical and inaccurate he did not know that the salary received by it from Almsthsal dinar from the auction of the currency, it is the source of public money and not , as some say waste of public money, but on the contrary is a source for public money to cover Ath.almhklh expenses in the verification of the money involved operations in the process of buying the currency, and whether this funds are legitimate, clear and transparent sources, and not falling out of money laundering, and is it the result of crime or financing of terrorism, this is a large gap that existed in the past, and the administration earlier in the central bank was believed that this is not the bank 's job, but it is an important security points, we disagree with the views because the legal Bank and the anti - money laundering for the year 2004, stipulate that the central bank is doing the process so you do not build a money laundering in which office as required, but marginalized and almost froze, simple and a number of employees have worked issues has not been for their onion .

After Tsenma responsibility, we have been working on activating the performance of money laundering office, as it has been given the powers of the administrative and fiscal conservative and independence of administrative and financial, and the allocation of its own owners, one of the appointment and independence of spatial order is granted complete independence, is currently under rehabilitation process and building the capacity of workers in the office We created since we started, and now provides us with substantial international support to build these capabilities and there is a direct coordination with the international organizations in this regard. 

rcookie says(8:41 AM):

$ 50 billion

* what amount of central bank reserves? Is it reassuring for the Iraqi situation?

Central bank primary mission within the law, it is to maintain the general level of prices and curb inflation, and the fact that some people think that the reserve is located in the bank is surplus to the state treasury and maintains the Central Bank, this concept is not true, as the real surplus is the one who is in the Ministry of Finance, even if the ministry spends the dollar less than what you are converting to JD the section held by be the real surplus used by countries as establishing sovereign fund used in the budget deficit conditions, either reservists currently in the Central Bank is estimated at $ 50 billion, and the expectations of the international Monetary Fund was in this review at this time of the year, proving that the central reserve is supposed to be lower by about ten billion dollars is expected.

attitudes toward bank reforms

* what international organizations attitude toward reforms followed in the Central Bank

?. the central bank action and performance - money laundering office, it is expected that Iraq moved to the white box in international financial transactions, and money laundering office is an office receives reports on suspicious transactions from banks , financial companies and other parties, the central bank is the entity responsible for monitoring to make sure adherence and compliance with the rules of the fight against money laundering because the office is not verified nor builds capacity within the banks.

the work of the central bank is done through banking and credit control directorate, which has worked on a broad program for the application of the provisions of anti - money laundering in banks and financial companies and other law, and proven set of measures that are being implemented now in banks such as the creation of the unit for combating money Laundering in the banks, and the development of a unit for risk management in all banks, and requiring all banks to abide by the principle of (know Your customer) this principle requires each bank, to take the information forms prepared in advance internationally agreed to see the client and the sources of his money and his work all that it involves to have clarity for the funds that go into Kaadaat in banks are buying foreign currency of .

rcookie says(8:42 AM):

there is a package of measures will be issued a large Bkras, and I explained at the beginning assigned the job in the Finance Committee , the House of Representatives, the issue of selling the currency window and showed all the things related and gaps in them, as also shown that the role of the Central Bank of the foundation in accordance with both the data and the law and regulations and international practice, is to monitor the legality of the funds that go into the process of buying foreign currency, and told them that this role will need time to build such capacity within the central bank and in banks

and companies Other.

I would like to point out that the fight against money laundering is not the responsibility of the banking and financial system only, now under the new law all segments of the business sector on the subject of the gold dealer and (auctioneers) real estate offices, insurance companies, lawyers, accountants, legal and many other slices, for example, that someone he may have a capital resulting from certain crimes and go to buy a property in . It then sells the property and when attending to the bank and his desire to deposit amounts, comes the testimony of sale of property deemed to be a capital project. If not pursue all ties on the subject of money laundering , we can not control this issue, and this is what we him, since a new topic on the country and on both these segments, we have set up regulations for each category of the business and we started trained by and educate in this direction and we started Nlzmanm exercise of certain procedures.

No interventions work of the central bank

* there are those who question the existence of interventions work of the central bank and the lack of control it

?. central bank is more institutions in the Iraqi state bowing to internal and external oversight, there is internal control and there is a committee independent audit from outside the central bank of people , professionals , accountants and lawyers, and there is an international audit office is one of four offices to scrutinize the world, in addition to the Board of Supreme Audit, either external oversight is being conducted by the international Monetary Fund, the World Bank and the financial action Task Force, and the US Treasury, as well as the US Federal Bank.

rcookie says to larrykn(8:43 AM):


larrykn says(8:43 AM):

The way you guys present the news is just one for the books , I'm so happy to be apart of DU :)

(9:00 AM)Check out the "Current Iraq NEWS" Thread in the Forum - http://www.dinarupdates.com/forumdis...rent-Iraq-NEWS - All News - ALL DAY LONG!!

Deputy National: Parliament intended to legislate laws that affect people's lives

2016/10/5 16:30

{Baghdad: Euphrates News}

National Alliance mp Harith al-Harithi, the House of representatives passed legislation important laws affecting the lives of citizens.

Saaed, {Euphrates news}, that "all laws affecting the lives of Iraqi citizens in the country."

He noted that, "the legislation begins with topics that are more exciting, and interfering with the circumstance that the country is going through," he said, adding that "the House of representatives, but failed to promulgate laws and legislation and follow them.

It is said that, several laws approved in Parliament since the crash of the previous sessions of the Federal Court rules and the National Guard, oil and gas and other trace differences that revolve around by political blocs.

larrykn says(9:20 AM):

Shares in hotels and banks rising Iraq index at close

05 Oct 2016 11:53 pm

Live: market general index rose Iraq stock exchange at the end of the day Wednesday, by 0.56% to 571.550 level gives the point 3.17 points, compared with levels in Tuesday's session..

Today's index climbed to support stocks hotels and banks; financial investment Secretary rose 17.86% top gainers today, Babylon Hotel shares climbed by 10%, and Ishtar hotels rose 4.42%, 8.33% connector Bank issued stock activity volume and value traded 678.5 million shares worth 264.6 million dinars.

While retreating stock list issued today the Iraqi stock seed production by 7.44 percent.

Today's turnover rose to 1.43 billion shares, compared with 1.15 billion shares in the last session, and the value of trades to 908.7 million dinars 605.4 million in Tuesday's session.

larrykn says(9:20 AM):

Justice: the release of 268 inmates in the past month

2016/10/5 16:30


Iraqi Corrections Service of the Ministry of Justice announced that the monthly number of your position and the number of the released detainees and convicts for the month of September of the year 2016.

The general director of the Iraqi Department of reform Hussein's military in a ministry statement received by all of Iraq [where] a copy of it on Wednesday, "The number of those released from the ministry's prisons over the past month amounted to 268 inmates from the ministry prisons in Baghdad and the provinces, including 23 women and 245 Men".

Military and between, "Reform Department have made significant strides in the field of launching large operations taking new measures have contributed to accelerate the pace of deportation movement and securing guests in front of the courts, and the application of electronic archiving system, which allows you to specify ending judicial judgments guests and contributes decisively counted according to the legal period set for launch liberty. "

woodywoodpecker says(9:38 AM):


clay says(9:38 AM):


woodywoodpecker says(9:38 AM):


clay says(9:39 AM):

Woody lol

Ame says(9:52 AM):

did U rent a GOOD limb today Woody?

(9:52 AM)mshale was kicked out by mshale!

clay says(9:53 AM):


Ame says(9:53 AM):

Clay waht's Matthew doing I have been outside

clay says(9:54 AM):

not sure crackin backs :)

clay says(9:55 AM):


Okie Dinar says to larrykn(9:59 AM):

You ready for a break?

(10:00 AM)Be sure to join the Dinar Updates “private” FaceBook Group… https://www.facebook.com/groups/571383766355188/ (go here and ask to join… then add some Dinar Friends!!)

larrykn says to Okie Dinar(10:00 AM):

all yours :)

(10:01 AM).MOD.larrycopier changed nickname to larrykn!

(10:01 AM)mshale was kicked out by mshale!

Okie Dinar says to larrykn(10:01 AM):

Thank you so much for copying this morning :)

larrykn says to Okie Dinar(10:01 AM):

yvw , thank you for copying too :)

Okie Dinar says to larrykn(10:02 AM):

YW :)

larrykn says to Okie Dinar(10:02 AM):

Abadi agrees to see a body integrity in combating corruption

2016-10-05 at 17:08

Baghdad – the balance of news

Fair body, announced Wednesday by Prime Minister Haidar Al-Abbadi agreed vision of 14 given by Chief Hassan Al-yasseri integrity against corruption.

The Commission said in a statement the Sumerian received news copy, that "Prime Minister Haider Abadi with the paragraphs and contents see Chief Hassan Al-yasseri integrity against corruption," adding that "the Prime Minister's Office informed the Commission that the consent of Dr Abadi on most paragraphs vision of Dr Al-yasiri in combating corruption, except two Office noted the need for deliberation and debate."

She noted that "the 14 paragraphs approved by the Prime Minister was the establishment of a juvenile justice specialist with integrity in all Iraq provinces, to be linked administratively independent body with survival only technically to ensure he stays close to the body and to prevent the pressure might exercise some judges", explaining that "this requires legislative intervention."

The statement that "this requirement not agree say, because it was applied in some neighboring countries, with the importance of the independence of the judiciary in issuing decisions in accordance with the law."

Wobint body, "yasiri demanded to see the need to renounce quotas give partisan criteria ministries and Government jobs, and detest the look that the monument is compensation or reward," pointing to the importance of the adoption of new criteria for choosing leaders in advanced levels and central Iraq. "

He cautioned Al-yasiri, the vision, "the need to take the righteous who meet standards of efficiency and integrity, experience and specialization", stressing "the need to prevent Ministers and officials all set their relatives in their institutions.

larrykn says to Okie Dinar(10:02 AM):

He called Al-yasiri, to "create a central task of granting and managing government contracts at the State level, particularly important contracts, with the importance of choosing the central organ members experience standards and integrity and independence, away from partisan affiliations."

Commission, said that "vision focused on the need to eliminate economic commissions for some parties with the importance of allowing the independent High Electoral Commission through a legislative intervention pledge from all parties before the elections by not adopting any economic Committee working in the ministries and institutions of the State, to be followed up by the relevant authorities," and called for "the establishment of a special court to try Ministers and special grades to be selected on criteria of experience and integrity and courage."

"Vision and admonished the Government and the House should adopt a legislative text all required State officials to disclose financial disclosure statement", stressing the "need to establish strict penalties against offending this obligation or duty."

She also highlighted the need of some texts of the Penal Code, in particular concerning corruption offences, to emphasis; consistent with adopted by some countries that have passed or are in a similar situation to Iraq, where circumstance to tighten sanctions in times where there are crimes in order to combat and eradicate corruption; his firebrand, and not reward the perpetrators ' amnesty sorrows "Noting the importance of activating the federal public service Council to reduce partisan appointments and randomness, and activate the application of e-Government and e-national ID card window.

The Government demanded and the House need to impose strict control over all and Chief Minister or not linked to the Ministry, to prevent harness ministries to partisan interests, stressing the importance of not letting the Ministers and deputies, Governors and local councillors to complete preliminary studies or install them during the period of high public office, preventing abuse of Office, full time for public service only.

In order to maintain the dignity of the employee and fill up some sections of extortion and corruption, called Al-yasiri in vision "the importance of allowing the ministries and institutions to complete the staff treatment by her after coordination with public retirement Commission, then transfer this post to the latter treatment that uninterrupted employee salary even receives his pension.

larrykn says to Okie Dinar(10:02 AM):

The Prime Minister's Office book noted that "initialize and create your own shartoi with integrity" would be treated according to the law, they noted that the two "linking public inspectors system with integrity and operational advances awarded to companies and contractors from before completion of work" they need deliberation and debate

larrykn says to Okie Dinar(10:03 AM):

just to get you started :D

Okie Dinar says to larrykn(10:04 AM):

:D Thank you! :)

MrsBGG says to Okie Dinar(10:08 AM):

Good morning sweetie (L)

MrsBGG says to larrykn(10:08 AM):

Good morning :)

MrsBGG says to larrykn(10:08 AM):

Thank you for copying!!

clay says to MrsBGG(10:09 AM):

GM :)

MrsBGG says to clay(10:09 AM):

Good morning :)

Okie Dinar says to MrsBGG(10:10 AM):

Good Morning to you! :)

MrsBGG says to clay(10:10 AM):

we're growing some lettuce... :)

clay says to MrsBGG(10:11 AM):

Sounds good

clay says to MrsBGG(10:11 AM):

I'm done lol gardens a mess

clay says to MrsBGG(10:11 AM):

all weeds now :(

MrsBGG says to clay(10:11 AM):

you take a heart of Romaine lettuce and put it in about an inch of water...

MrsBGG says to clay(10:11 AM):


clay says to MrsBGG(10:11 AM):

no kidding

MrsBGG says to clay(10:11 AM):

Did you can any?

clay says to MrsBGG(10:12 AM):


MrsBGG says to clay(10:12 AM):

yes, and it started to grow! lol

clay says to MrsBGG(10:12 AM):

wanna learn though for next year

clay says to MrsBGG(10:12 AM):

you growing it indoors? or starting it

MrsBGG says to clay(10:12 AM):

(y) yes that will be cool!

MrsBGG says to clay(10:13 AM):

put it outside during the day and under a grow light at night...

clay says to MrsBGG(10:13 AM):

figure u-tube must have how to s on it

MrsBGG says to clay(10:13 AM):

just starting it...

clay says to MrsBGG(10:13 AM):

good idea

MrsBGG says to clay(10:13 AM):

yes saw it on a short video...

clay says to MrsBGG(10:13 AM):


MrsBGG says to clay(10:16 AM):

oops! thought it was the video!

clay says to MrsBGG(10:17 AM):


MrsBGG says to clay(10:17 AM):


MrsBGG says to clay(10:17 AM):

Glad that you thought that was funny!

clay says to MrsBGG(10:19 AM):

no ...that you said oops

MrsBGG says to clay(10:19 AM):


MrsBGG says to clay(10:19 AM):

How's your wife doing?

MrsBGG says to clay(10:21 AM):

For anyone who was not able to be here last night, here is the link to News Time, http://www.dinarupdates.com/showthre...ctober-04-2016 :)

MrsBGG says(10:21 AM):

Link to Blog, http://www.dinarupdates.com/blog/

clay says to MrsBGG(10:22 AM):

Great ty :)

MrsBGG says to clay(10:22 AM):

That's great to hear! :)

clay says to MrsBGG(10:23 AM):


clay says to MrsBGG(10:23 AM):

surgeon says shes cancer free caught very early

clay says to MrsBGG(10:23 AM):

we were lucky

clay says to MrsBGG(10:24 AM):

wish that for all

MrsBGG says to clay(10:25 AM):

Praise the Lord!! That is wonderful!!

MrsBGG says to clay(10:25 AM):


clay says to MrsBGG(10:25 AM):

yes Amen

mimi3 says to clay(10:48 AM):

Glad your wife is ok!! God is still on the throne!!

clay says(10:50 AM):

mimi hey stranger :) nice to see you thank you so much

clay says(10:50 AM):

Yes he is

(11:10 AM)tombo was kicked out by tombo!

Elane says(11:10 AM):

Congratulations VIP CLAY.... GOD IS GOOD!

Okie Dinar says to Elane(11:13 AM):


Elane says(11:15 AM):

Gmorning Okiedinar

Elane says(11:15 AM):

Time to boogie here.... horses are waiting.. bbl..thanks for everything!

Okie Dinar says to Elane(11:16 AM):

Good Morning! Hope you enjoy you're day! Horses are beautiful animals :)

Okie Dinar says to Elane(11:16 AM):


slh5282 says(11:35 AM):

Congrats Clay on the great outcome for you wife. God works in many different ways to provide us a good life.

Okie Dinar says(11:53 AM):

The Central Bank reduced its dollar reserves, is a natural phenomenon, and some attribute to low swings

Views 335 Added 05/10/2016 - 18:15

Economy News

Counting Iraqi Central Bank on Tuesday reduced its dollar reserves, a natural phenomenon caused by low oil prices, that decline has not been in vain and achieved a very important economic and social purposes, noting that the current reserves are sufficient to cover exporting currency and imports for a long time, pointing out to avoid falling through avoiding budget deficits.

The Central Bank Governor said in an interview with the relations (range), I followed the "economy News/Central Bank reserves dip is a natural phenomenon because of declining global swings, direct financial proceeds Iraq athrbshkl/World Bank policy, stressing that it was wise and based on the desired balance between maintaining the desired Exchange rate stability, and meet the needs of the private sector imports.

He added that "relations in these reserves has not been in vain, but achieved a very important economic and social purposes, and not, as some think he's gone without a little", noting that "reserves are still good and sufficient to cover exporting currency and imports for more than six months, which is the minimum required by global financial indicators.

He continued the relationship, to "avoid low reserve is avoiding the budget deficit and large sums.

The Central Bank Governor was confirmed on 11 September last, the IMF was surprised that Iraq's foreign currency reserves have exceeded his expectations benhoashrh billion dollars.

Okie Dinar says(11:54 AM):

Central Bank lowers coins and gold bullion prices for the current week

Views 198 Added 10/05/2016 - 18:26

Economy News / Baghdad ....

Reduce the Central Bank of Iraq, Wednesday, coins and gold bullion prices for the current week.

Among the agenda published by the bank on its website and seen "Economy News" for him to "price minted 15 g amounted to 763,000 dinars, down 9000 dinars from last week, while the price of ingot amounted to 50 g 2.466 million, down 31,000 dinars."

Okie Dinar says(11:55 AM):

Central sales rise today to $ 138 million

Views 33 Date 10/05/2016 - 18:33

Economy News / Baghdad ...

CBI reported sales, on Wednesday, a rise in the auction for the sale of foreign currency, the sale of $ 138 million, having sold 134 million yesterday.

According to a statement of the bank, "Economy News" received a copy of it, "The size of the amount sold today reached 138 million, 951 thousand, and $ 680, priced at 1182 dinars exchange rate against the dollar, and with the participation of 29 banks and 14 financial transfer company."

He pointed out, that "the amount of remittances and credits amounted to 87 million, and 698 thousand and $ 680, while the quantity sold was 24 million in cash, and 550 thousand dollars."

The statement said, "The amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar."

All from MadDScout :)

(12:00 PM)THE OBSERVER - http://www.dinarupdates.com/observer/ - Save as a favorite... for Daily Dinar Commentary, Notices and Call banners!!

Okie Dinar says(12:48 PM):

Parliamentary economy: non important to economy and development study

Hits count 107 date 05/10/2016-18:39


She said a member of the Parliamentary Committee on the economy and investment, there are beautiful Ubeidi study real and serious for the purpose of promoting the country's economy.

The army said in a press release, "there must be an effective and serious study, for the purpose of economic development," However "there is no real or serious study to advance the economy, but on the contrary there are destroying the country."

"What we noticed there is agriculture and industry, but rely on a single supplier and is oil, which is not a real advantage is exploited, and directed many industries, as well as corruption in the Ministry."

Obeidi, stressed that "the most important economic file files that dealt with Iraq during the current three years, especially after the oil price slumps under contest country battle complicated by gangs of ISIS and the exodus has affected the economy, so this file from the files.

She continued, "there are many discussions and international aid have come to Iraq to establish a sovereign Fund during the interrogation of the Financial Secretary, and they were asking for postponement of discharge because there are axes on the sovereign Fund.

Okie Dinar says(12:50 PM):

IMF: global economic growth will remain weak

Views 27 Date 10/05/2016 - 15:10

Economy News / Continue ...

The IMF kept its forecast for the growth of a weak global economy, Wednesday, warning that the more that the slowdown will feed into feelings of anti-trade and immigration, which could hinder the activity, productivity and innovation.

The IMF said in its latest report of the World Economic Outlook that the decline in the growth of the United States in 2016 because of poor performance in the first half offset by growth-promoting in Japan, Germany, Russia, India and some other emerging markets.

The fund maintained its forecast for total global growth unchanged at 3.1 percent in 2016 and 3.4 percent in 2017 after it cut its forecast for five consecutive quarters.

The Fund said that advanced economies will see a slight decline of growth in 2016 to 1.6 percent, while emerging market economies will see a slight rise to a growth rate of 4.2 percent.

The United States contributes most of the slowdown in the advanced economies, while reducing their growth forecast to 1.6 percent from 2.2 percent in July, estimates of where the weakness of investment and withdrawals from inventories goods activities led to a performance below expectations in the first half.

And improved IMF forecast growth of Japan's economy was slightly delayed because of the pace of increased consumption and monetary policy expansionary government spending tax but the economy will grow at a rate of 0.5 percent is weak in 2016 and 0.6 percent in 2017.

And pushed resilient consumer spending in Britain after the vote in favor of the exit from the EU fund to raise its forecast for growth of 0.1 percentage points to 1.8 percent, but cut its forecast for growth in 2017 to 1.1 percent due to expectations that the separation talks over the past two and a half year, arrivals will shed greater effects on investment in the country .

And continued growth forecast for China unchanged at 6.6 percent in 2016 and 2.6 percent in 2017, while India's growth will improve slightly to a pace of 7.6 percent in both years.

Okie Dinar says(12:51 PM):

Rise in the dollar exchange rate in local markets

Views 38 Date 05/10/2016 - 18:46

Economy News / Continue ...

Dollar exchange rates rose, in the local markets in the Stock Exchange on Wednesday.

The dollar exchange rate against the Iraqi dinar today:

Bourse struggle - Baghdad 130.500 dinars, while the stock market recorded on Tuesday 130.350 dinars.

Buying and selling in shops Banking Rates:

Dollar selling price = 131,000 dinars.

Dollar purchase price = 130,000 dinars.

From MadDScout :)

(12:51 PM)bookumdano was kicked out by bookumdano!

Continue to Part 4
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