Category: Cbi Info Iraqi Dinar News

Mtn Goat Update 9-26-15  Part 1 of 2

​Thanks GeorgeH  for sending to Dinar RecapsUU6811 – “ Quick End of Week Update – 9/26 ” by Mnt Goat  Part 1 of 2

Hello Everyone,

Family and friends are having a great time at the grand daddy of all Oktoberfest in Munchen and it is nice just to be in a festive city surrounded by may who enjoy this time of year alike. Ein Prosit, Ein Prosit Der Gumutlichkeit – Ein Prosit, Ein Prosit Der Gumutlichkeit – Ticky Tocky Ticky Tocky hoy hoy hoy!!! –  still rings in my ears from yesterday over and over again……lol….

It will be nice to return to our quiet  village in the mountains once again. As you can see ich bin kein city girl.

 I am now sitting in meinen zimmer writing this news letter. Everyone is anxious to leave hotel to touring so I must make this very short today and to get ready….sorry.

I need to emphasize that we are about to enter one of the most pivotal times in the weeks ahead since I have been in this investment. What I mean by pivotal is what will conclude from what I have been talking about now for months.

Remember early October is coming upon us very quickly. There is a target in place and I believe they are pushing forward to attempt to meet it. The big question is will Iraq be ready?

Today’s News

Today is Saturday September 26th and still no RV. I also want to say that when Iraq is ready to revalue their currency and come back as an international player it will just happen. NOTHING WILL STOP IT. There are no boogie men, conspiracies or foreign countries with issues holding it back each weekend, as some make you believe.

The reason we have not seen the RV yet, even though there has been many windows of opportunity planned (and I will not deny these planned windows), is because THEY HAVE NOT YET COMPLETED THE AGREED TO REFORMS!  The PTB will continue to hold it back until Iraq meets its obligations even though they plan these RV windows ahead of time. Remember Iraq too wants to be ready and has set many self imposed issues that needed addressing.

We see these issues too in the reforms (corruption, security, stability). I can not shout it out any louder or any simpler. It is not rocket science…is it? THEY MUST COMPLETE THE AGREED TO REFORMS!

Let’s recap what has happened this week and how it relates to the RV.

If there could be any theme in this week’s news it would be Abadi trying to defend his reforms in front of his political opponents. Who are these opponents?  .

Of course we all know these opponents very well, don’t we?  Do I have to spell then out?

It is the Dowa party and all those corrupt government officials now being caught in their web of lies, deception, and corruption. It is the Maliki syndrome in Iraq as they believed it would be a FREE FOR ALL after the USA and coalition pulled out in December 2011.

They figured a sure thing for a third term for Maliki and a full blown dictatorship was just around the corner. At least that is what they thought they could do.

But the plan did not work out when the USA finally pulled support from Maliki before the 2014 elections. It has been downhill ever since for these gangsters. But they are not yet gone and still can have much influence.

So they are now paying the price as this corruption could not last forever as it could (and nearly did) destroy Iraq both economically and security wise. But those culprits on the very top (those mainly responsible) have not yet paid the price. Their turn is coming soon. This is what the citizens really want and cry out for in the demonstrations. This is what must take place.

It is important to note there must be a true reconciliation in the Iraqi government if they are to get their country back, at least that is what Abadi signed up to help re-establish in 2014.

So this week the news was very slow. By slow I do not mean there was not a lot of news but it was not the news of the finality of the many much needed reform laws that we expect to see. We were told these laws  would be in parliament for their final votes in the coming weeks after Eid. Eid is now ending.

Every time there is a holiday there is much confusion about the timeframe in this dinar investment community. Once again I hear many different views about Eid al-Adha holiday dates. I want to clarify these dates now. .Eid began on Thursday 9/24 and extends through Sunday 9/27 this year.

 Each year it is different timeframes as it depends on time of equinox. Iraq themselves have told us in many of their articles do not expect much during this timeframe so this is why the “official” news is very slow. Every year we must go through this same confusion. Why must it be so?

However  I expect an explosion of news come next week since Eid ends on Sunday 9/27. This is just 3 days from the end of the month. Some are saying Eid ended on Thursday. Really? I don’t know which calendar they are using.

What are these last remaining laws we wait for?

As I have said in my recent news letters we wait for:

1)      the announcement of the formal finality of the Federation Council;

2)      the National Guard law and specifics to be announced;

3)      the Amnesty law (they did tell us this week they released many political prisoners) Could this already be done? I have been told it was signed and done but no official word.

4)      the announcement of the Judicial Reforms bill being passed and implemented;

5)      the passing of the Investment law (see article below);

President Masuam told us earlier this week that FULL RECONCILIATION  would be completed and announced after Eid. This coincides with the timetable we have been previously told.

But what does this “full reconciliation” mean exactly?

I will only relay to you what I have been told when I asked the same question to an Iraqi government official. I was told that full reconciliation means that all the critical needed reforms would be completed.

These are those “low hanging fruits” that Iraq referred to as “hasty” reforms that could be implemented in the shortest time period to give them the highest impact on the corruption and political stability. These were the agreed to (negotiated) items.

These reforms needed laws to implement them and so how do we know if they are or are not completed unless we watch for the laws to coincide with them? So this is now what we watch for.

How important is the Investment law?

I presented an article below that should answer this question for you. It is an excellent article and I quote from it – “ it will raise the performance of financial institutions and contributes to the Iraqi money management correctly “.

 Also I want to add this too and I quote from the article again – “the law will be presented to a vote after the Eid al-Adha holiday to be passed.”

They also tell us the hold up was due to many amendments that had to be added to the new law. Remember this law has been initially written around 2012 so it has been kicking around for a long time.

Many knew it would never pass as it was written by the then current council of ministers under Maliki administration. I believe they first had to clean up the corruption in the seven state owned banks in Iraq (mainly the Rafidian and Rasheed banks).

So there was work to be done first but it had to wait to get Maliki out of the way first. Now in retrospect we see that these revisions were necessary to move forward. So what do they have to do that we still don’t know about?

I believe these last remaining reform laws are that “basket of laws” that will hit us all at once very suddenly after the Eid holiday.

When I get excited it’s not because some “guru” told me to get excited because his “secret” source whispered in his ear the bank screens were loaded or the exchange centers are manned and ready (as we have heard this story for years now every weekend).  Instead it’s because I have real proof and I have presented this proof to you over these last many months. Did you listen to me? Did you pay attention?

We are in the absolute best window ever to see Iraq have a significant increase in the value of their currency sooner than later. But this increase is just a small part of the overall effort left in the process.

First we must see the lower denominations begin to be distributed in exchange for the US Dollars (de-dollarization). Then we can expect to hear some news from the CBI as the project to delete the zeros begins again. Items to watch for in the news.

Remember back in March the finance committee did announce they gave the CBI the “green light” or go ahead for financial reforms. So they have been moving in this direction slowly but surely ever since.

So even though we here news of windows for an RV each weekend we must use our common sense that God has given us too and ask this question – How can Iraq  RV if they have not even begun to

1.distribute the lower denominations or

2.announcing the continuation of the project to delete the zeros (said it would begin in early 2016 again),

3. what about the 50k and 100k notes? They said they would begin using the 50k notes before the end of the year.

These are all tell tell signs that we moving in the right direction as we get closer to the end of the year.

So let’s now review about that happened this past week and then I will conclude the news.

​Article Begins


Tuesday, 22 September 2015 10:09

The Iraqi Prime Minister Haider Al-Abadi warned yesterday that the protests in the country are a wake-up call to help the government address the imbalances in the political system.

Al-Abadi said: “The fight against the political quota system is an essential part of the fight against corruption because partisan or personal loyalty leads to favoring loyalists instead of professionals and this injustice destroys society.”

“The Iraqi people may tolerate the difficult economic conditions but they will not tolerate having a privileged group that enjoys special treatment and protections,” he added.

“I said from the beginning that the demonstrations are a warning that helps us address the imbalance in our political system and to cooperate to address the issue of salaries and protections.

If the government is responsible for protecting its officials from terrorism, this does not mean having armies of protection personnel of up to 800 people. The country needs combat troops to defend the homeland and the people.”     Article Ends

Comments may be made at the end of Part 2  Thank You

Sales of dollar and foreign currencies by the CBI decline on today’s auctions

Baghdad/NINA/– Sales of dollar and foreign currencies by the Central Bank of Iraq decline on today’s auctions and recorded, on Wednesday, a significant decrease in the auction for the sale of foreign currencies , to 170 million and 614 000 dollars, after hitting on yesterday’s session more than $ 282 million .

According to a statement by the CBI “The size of the amount sold today of dollar stood at 170 million and 614 thousand and $ 521, at a stable price of 1166 dinars per dollar , with the participation of 24 banks and 12 financial convertible.


Dollar against the Iraqi dinar in the Central Bank 9-25-15

Dollar against the Iraqi dinar in the Central Bank 9-25-15 10:11 09/25/2015 Dollar against the Iraqi dinar in the Central Bank: US $ 1 = 1,140.8200 Iraqi dinars 1 Iraqi dinars = US $ 0.0009 Last update: Friday, September 25, 2015, 9:49 GMT Baghdad But in the markets 123.250 sale / purchase price 122.250 Let the […]

Wealthwatch News / Links & Chat  9-24-15  Part 1 of 2

Post From Chat Room  9-24-15
Wealthwatch News / Links & Chat  9-24-15  Part 1 of 2

chattels: ” Although the House vote to abolish the post of the Vice-President of the Republic, but the three deputies continue to conduct their business everyday, and enjoy the same privileges earlier.”  chattels:…

chattels: ” ………… and enjoy the same privileges earlier.”

Tootsie: 50 000 Iraqis have emigrated to Europe in three months due to the economic crisis and the war with Daash New York Press -arac -24 September / September: 

The United Nations announced, said that “more than 50 thousand Iraqis have left the country in the past three months in a campaign the largest mass exodus from neighboring Syria.” International Migration Organization of the United Nations said in a report, at dawn on Thursday, said the number of Alaraceyen who emigrated during the past three months amounted to more than 50 000 immigrants, mostly young people.

Tootsie:. It said the report, that this number represents the largest mass exodus of campaign compared to neighboring Syria, which the state is witnessing battles with Daash terrorist organization since 2011 until now.

 And puts the report, the economic crisis and the war with Daash at the forefront of the reasons that led to the emigration of Iraqis, in search of a better life abroad after he allowed them to changes in immigration policy in Europe in recent opportunity to do so.

 The United Nations is expected to cross the 850 thousand people at least the Mediterranean Sea to seek asylum in Europe this year .anthy…

chattels: ERBIL, Kurdistan Region – Kurdistan Region President Masoud Barzani said in an Eid message on Wednesday that political parties should resolve the snarled issue of the presidency and urged young Kurds to stop migrating in large numbers.

 “Many deep crises have faced Kurdistan, including the presidential question, economic problems, the decline in the price of oil, the flow of refugees which has strained our limited capabilities to host them and the Erbil-Baghdad problems,” Barzani said in a statement.

In a message for the Muslim feast of Eid al-Adha on Thursday, he added that the crisis plaguing Kurdistan “above all” is the war with the Islamic State group (ISIS), or Daesh, which has continued since August last year.

chattels: The war, and the economic and other strains associated with it, have hit hard at Iraq’s autonomous Kurds, who were planning their own independent nation before the start of the war.

Adding to the strains has been a disturbing trend of migration, with the Iraqi Federation of Refugees saying in July that some 300 Iraqi Kurds were leaving every day in search of better lives in the West.

chattels: “The elimination of Daesh and self-determination are my priorities for the people of Kurdistan,” Barzani said.


chattels: Erbil’s celebrated carpet museum struggles to remain open due to war By Judit Neurink…

chattels: [Baghdad – where] most likely a member of the economic and investment commission full parliamentary Ghurery, that the House vote on the draft amendment to the Investment Law Minutes after the Eid al-Adha.

Said Ghurery, told all of Iraq [where], that “the Committee emphasized the investment law, and in the first session of the House of Representatives will vote on this law, and openness to foreign and Iraqi companies to invest and open large and medium projects in the country.” chattels:…

chattels: [Baghdad – where] the security and defense committee member of the parliamentary Nayef al-Shammari said, that the House will go to the project compulsory military service law, in the absence of blocs to reach agreement on the Law of the National Guard. chattels:

chattels: ” compulsory service law serves all Iraqis, regardless of component, nationalism and conservatism, leads to cohesion and national and we can through building military establishment on professional and efficient basis and be a citizen service for all Iraqis, regardless of affiliation to a component or province “.

 [08:29:08 AM] chattels: [Baghdad – where] the parliamentary finance committee, said that the law provides for the government to send the draft budget law next year to the House of Representatives in 2016 after 17 days from now.

Said committee member Masood Haider told all of Iraq [where], that “the government if sent the budget bill as stipulated by the law of any on the tenth of next October, the House of Representatives will vote on the law during the time period specified legally and constitutionally.”


chattels: [Baghdad-where] called for the commander of ground forces, Lt. Gen. Riyadh Jalal Tawfiq, patience and constant fighting to defeat Daash terrorist gangs.


chattels: No Currency Auction posted for today : Holiday ? Sep.     *25        Id Al-Adha (4 Days)

chattels: Dates noted with asterisk (*) are approximate

chattels: Attorney Haitham al-Jubouri: Most judges do not have experience in dealing with financial issues 09/23/2015 13:01

chattels: BAGHDAD / National Iraqi News Agency / nina / called the parliamentary finance committee member Haitham al-Jubouri to the application of the Central Bank Law which provides for the formation of a competent financial courts, noting that most of the judges is familiar with the financial laws that require experience and study of specialized details. , he said in a statement to the National Agency Iraqi News / nina / “that many of the specialists judges issues of financial belongings do not have experience in financial transactions.”

 He added: “We met with the director of the Integrity Commission recently found that most judges do not have experience in dealing with financial issues.”

He noted Jubouri that ” countries of the world have the financial courts and international financial arbitration and there is a financial law firms competent, that’s what missing from Iraq until today.

“He continued:” So far, the judiciary is still not seen the money used by private banks to buy foreign currency source which raises question marks, “he said “The judges are still considered to buy the currency right legally, even if I went to the smuggling or other and both achieved their desired interest or not.”


chattels: It is difficult to prosecute alleged corruption if the Judge does not understand financial matters / transactions.

chattels: Baghdad Iraqi National / Agency News / Nina / head Prime Minister Haider al-Abadi to New York on Sunday at the head of a ministerial delegation to attend the meetings of the General Assembly of the United Nations., Said a source familiar with the National Iraqi News Agency / Nina /

The delegation accompanying the Prime Minister to visit him, which extends for five days including Foreign Minister Ibrahim al-Jaafari, health Adila Hammoud, Displacement and Migration Jassim Mohammed dry.

“He added:” It is due to meet Prime Minister US President Barack Obama, and participate in an international conference to combat terrorism, “noting that” al-Abadi will address Iraq conference. “and hold a conference International anti-terrorism on the 29th of this month in the presence of an international large-chaired by US President Barack Obama and with the participation of 104 countries and about 100 regional organizations and civil society representatives.

chattels: It appears that Abadi will be out of Iraq for all or most of next week.

chattels: BAGHDAD / National Iraqi News Agency / nina / discussed the Ministry of Defense, axes progress to cleanse the city of Ramadi of terrorists Daash gangs and sustain the fight momentum in Anbar province. 

The ministry said in a statement that “a conference held yesterday at the headquarters of the Defense Ministry, headed by Defense Minister Khaled al-Obeidi to discuss progress axes to cleanse the city of Ramadi, in addition to the discussion of many topics and how to sustain the battle momentum and take advantage of the progress made ​​in Sector Anbar operations.

chattels: He stressed ” the need to focus on the importance of military operations in various cutouts for battlefields and take advantage of high morale enjoyed by the heroes of the armed forces who are investigating victories over the terrorist organizations, which is now living its last days in Iraq. “


chattels: ” ………… the terrorist organizations, which is now living its last days in Iraq. “

chattels: Positive and ambitious talk from Mr. Obeidi.

chattels: The scary thing about vanquishing DAESH is the suicidal element which makes traditional tactics less relevant.

TxBrand: living its last days in Iraq 😀  😀  😀

chattels: ” last ” may translate like ” soon ” in Iraq :)

chattels: Pending our liquidity event I am reminded of the following wisdom : “If a man will not work, he shall not eat.” 2 Thessalonians 3:11 So, it is off to work that I go,

chattels: The killing of the Minister of Finance and Director of Daash police in Anbar and Tal Afar [expanded] [Baghdad-where] the media cell military announced on Wednesday, killed Daash finance minister and director of police in Anbar and Tal Afar.

chattels: Daash subjected to frustration and killed more than 44 of them in Anbar

chattels: Progress in Anbar…

chattels: XXX : [i have a thought, we have an anti money laundering bill because of the threat from IMF. …the federal court law, national guard law and amnesty laws…anyone know where we stand with these important laws?] I doubt those three laws get done until “post-Malik” – they arrest him, they sail right through. You watch.

chattels: So, Maliki is NOT GONE, still a factor / obstacle and not a nuisance / fly on the wall ? !

TxBrand: chattels: ” last ” may translate like ” soon ” in Iraq  lol

chattels: XXX says that we should now watch for Maliki to be arrested, but just days ago opined that Maliki would flee before such ! ?

chattels: ” The Secretariat of the Council of Ministers has announced that next Thursday, the first day of Eid al-Adha to resume working next Monday.”

chattels: So, no currency auction today, and the Eid will end on Sunday. Back to work on Monday. Note that one MP expects action on the Investment Law as a first order of business.

chattels: [Baghdad – where] most likely a member of the economic and investment commission full parliamentary Ghurery, that the House vote on the draft amendment to the Investment Law Minutes after the Eid al-Adha. Said Ghurery, told all of Iraq [where], that “the Committee emphasized the investment law, and in the first session of the House of Representatives will vote on this law, and openness to foreign and Iraqi companies to invest and open large and medium projects in the country.”


chattels: ” ………. the House vote on the draft amendment to the Investment Law Minutes after the Eid al-Adha. “

Doug_W: I think to be correct that should read “will be voted”

chattels: ‹@Doug_W› ” the draft amendment “, Yes.

chattels: The following article warrants repetition as I believe that it is most revealing about the current status of reforms :…

Comments may be made at the end of Part 2   Thank You

Iraqi dinar exchange rate against the US dollar 9-24-15

Iraqi dinar exchange rate against the US dollar 9-24-15 12:53 09/24/2015 Iraqi dinar exchange rate against the US dollar: US $ 1 = 1,133.7600 Iraqi dinars 1 Iraqi dinars = US $ 0.0009 Last update: Thursday, September 24, 2015, 11:49 GMT Baghdad The price in the market. $ 100 = 122,000 Iraqi dinars

Frank26 From KTFA Thursday Morning: “Be Strong This Week” 





















Wealthwatch Member Chat  9-23-15  Part 2 of 2

Post From Chat Room  9-23-15
Wealthwatch Member Chat  9-23-15  Part 2 of 2

chattels: The President of the Republic and the Council of the Ministers collectively, or one-fifth of the Council of Representatives members, may propose to amend the Constitution.

chattels: ” ………… the approval of two-thirds of the members of the Council of Representatives, the approval of the people in a general referendum, and the ratification by the President of the Republic within seven days.”

chattels: There are 328 members of the Council of Representatives

chattels: So, 218 members must approve the proposed amendment.

chattels: It is not 2/3 of those members present, but 2/3’s of the total membership, IMO


chattels: The alternative method is by referendum which is a lengthy process under the best of circumstance and with almost 1/3 of Iraq occupied by DAESH i doubt that a referendum is possible.

chattels: US efforts at helping Iraq’s Kurds win the war against the Islamic State (ISIS) have been half-hearted at best, undermining Washington’s own strategy to defeat the group.

The head of the Kurdistan Regional Government’s (KRG) Security Council, Masrour Barzani, told the BBC earlier this month that the Kurdish Peshmerga forces have received no new weapons for several months.

 “We don’t have the kind of equipment that we wish to have, especially when it comes to heavy weapons,” he said. “The last shipment we had was in May this year.”

The KRG’s ability to independently acquire weapons is denied because Kurdistan is not a sovereign state. Every bullet going to the KRG needs to be sanctioned by the Iraqi central government.

The tensions over the budget and oil that have persisted between the KRG and Baghdad have also affected the manner in which the central government controls the flow of arms to Erbil.  chattels: Read more @…

whitelions: ‹@chattels› gm you are correct on the 2/3’s total that is why they are fineing the people that are not showing up

chattels: The US Czar leading efforts against the Islamic State is resigning from his position this fall. Gen. John Allen, a retired marine hand-picked by President Barack Obama to lead the US in the ISIS war, will be leaving after one year at the helm, according to multiple media reports.

State Department officials said Allen will be gone by early November, noting that his chief of staff, Karin von Hippel, will also be quitting, according to reports from Bloomberg.

“John Allen has put his heart and soul into trying to make the president’s strategy work,” said Derek Harvey, a former senior U.S. military intelligence official, to Bloomberg. Sources have cited Allen’s frustrations with the US’s anti-ISIS strategy as a major reason for his leaving, in addition to personal reasons.  chattels:…

chattels: Rasool: Country Kurdish inevitably come 09/22/2015 14:48 Sulaymaniyah / National Iraqi News Agency / nina / First Deputy Secretary General of the Patriotic Union of Kurdistan Rasool confirmed that a Kurdish state to come inevitably.

And the transfer of the Information Office of Rasool him as saying during a meeting of the Political Bureau of the party that a Kurdish state to come inevitably calling (unity and the floor and the unity of forces Peshmerga at the current stage in the face of international changes that are in favor of the people of Kurdistan).chattels:

chattels: BAGHDAD / National Iraqi News Agency / nina / congratulated the President of the Republic Fuad Masum, Iraqis and Muslims all near the Eid al-Adha. He infallible in a speech addressed to the Iraqi people on this occasion, ………………..

chattels: ” The Secretariat of the Council of Ministers has announced that next Thursday, the first day of Eid al-Adha to resume working next Monday.”

chattels: Next Monday is the 28th.

chattels: CBI The CBI The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system.

The CBI shall also promote sustainable growth, employment and prosperity in Iraq. The functions of the CBI in addition to achieving its primary objectives are: Implement the monetary policy and the exchange rate policy of Iraq. Hold gold and manage the state reserves of gold.

Issue and manage the Iraqi currency. Establish, oversee, promote a sound and efficient payment system. Issue licenses or permits in addition to regulating and supervising the banking sector as specified by the Banking Law. Carry out any ancillary tasks or transactions within the framework of Iraqi law.

Organizational Structure Members of the Board of Directors and General Managers Governor Agency (Mr.Ali Mohsen Ismail ) Governor Agency : Mr. Ali Mohsen Ismail Deputy Governor (Mr. Zuhair Ali Akbar) Deputy Governor :Mr. Zuhair Ali Akbar Holidays in (2015) in addition to Friday and Saturday : Sep. *25               Id Al-Adha (4Days) – Dates noted with asterisk (*) are approximate

chattels: OOPS ! :)

chattels: CBI Holidays in (2015) in addition to Friday and Saturday : Sep.      *25        Id Al-Adha (4Days) – Dates noted with asterisk (*) are approximate

Doug_W: * = Anything they need to look like on paper

chattels: BAGHDAD / National Iraqi News Agency / nina / stressed competent Alaguetsada- Harvard Ali Furaiji University, that the price of $ 45 a barrel does not reflect the full picture of global economic realities and the surrounding Iraq in particular and the face of crises, internal and regional.

Said Furaiji in a statement to the Iraqi National Agency News / nina / “The draft 2016 budget depends on the price of $ 45 a barrel and production rate up to 3.6 which is a very optimistic figures, the barrel does not reflect the full picture of global economic realities and the surrounding Iraq in particular and the face of internal and regional crises.  chattels: Read more @…

chattels: “The Ministry of Finance has announced that submitted the draft 2016 budget law to the Council of Ministers, on the basis of export 3.6 million barrels of oil per day at a price of / 45 / dollars per barrel, noting that the budget revenues will amount to more than 84 Trliuna and 73 billion dinars .

The Ministry of Finance confirmed that the drafting of the budget was based on slash public spending and combat extravagance and waste in state revenues and diversify sources of national income in the country.”

[09/23/2015 08:14:52 AM] chattels: Accord Movement, calling on the government and security leaders to hold negligent indiscriminate bombardment on the people of Baiji 09/22/2015 15:50 BAGHDAD / National Iraqi News Agency / nina / called the National Accord Movement, led by Iyad Allawi, the government and security leaders to hold transparent and impartial investigation and hold negligent in indiscriminate shelling of the people of Baiji in Salahuddin province.

The group said in a statement today: “We condemn what he suffered our brothers and our cousins ​​in Baiji of random shelling devastating fell hardiness many citizens among the dead and wounded, after the long-sons clan Albonmr valiant fell, including more than 50 martyrs.


chattels: I have noted on several occasions that Baiji continues to be a ” hotspot ” in the war with DAESH

chattels: ISIS fighters and pro-goverment forces battled for a year over control of the oil refinery at Baiji, Iraq’s largest. The plant was crippled but intact, and would have been a key asset for whomever came to control all of the refinery and the pipelines in and out of it.

This weekend, ISIS forces, which had controlled much of the facility since April, suddenly retreated. And torched the place on their way out.

chattels: “Many of the ISIS forces seem to have withdrawn,” says Ben van Heuvelen of Iraq Oil Report. “But they’ve left behind a crew that appears to be on a suicide mission to cause as much damage and death as possible while the Iraqi forces try to clear the place.”

chattels: When the Baiji refinery was operational, it processed more than 200,000 barrels per day of crude, “which,” says van Heuvelen, “amounted to more than one-third of Iraq’s total domestic fuel production.”

chattels: “Now,” says van Heuvelen, “the refinery is probably unusable for several years, if ever again.”


newbieDA: ‹@chattels› morning ty for the news!
newbieDA: I look forwad to your articles and comments on the security issues

newbieDA: so IS is withdrawing from the Baiji Refinery now
newbieDA: did you see the article on southern Mosul also?
newbieDA: I just woke up, sorry I dont have the link

chattels: ‹@newbieDA› ” ………… they’ve left behind a crew that appears to be on a suicide mission to cause as much damage and death as possible while the Iraqi forces try to clear the place.”

newbieDA: ‹@chattels›….

newbieDA: ‹@chattels› I can see that now, I didnt think of that
newbieDA: ‹@chattels› you have the best mind when it comes to the security issues, I just love the insight

newbieDA: 2016 budget looks fair, the $45 a barrel of oil budget and the agreement with the kurds renewed, same HCL

chattels: ‹@newbieDA› just regurgitating the news

Donnie: that ISIS group that is just destroying everything as they run away are like poor sports that cause havoc when they lose. destroy just so no one else can use it. I’d love to know what country/organization is so against Iraq from rising up that they would resort to this type of action. Someone or some country doesn’t want Iraq to prosperous any time soon…. Who or what country is so afraid of Iraq becoming prosperous? obviously a country that feel Iraq threatens their well being.

Donnie: “amounted to more than one-third of Iraq’s total domestic fuel production.” Looks like Iraq will have to add domestic fuel to their list imported goods until they get a refinery built.

newbieDA: ‹@Donnie› good point
newbieDA: ‹@Donnie› thanks for helping me yesterday with my notes

chattels: Qayyarah distance from Mosul is about 73 km and one hour 15 minutes South

chattels: Hamam al-Alil is closer to Mosul, but both along Highway 1

newbieDA: ‹@chattels› some distance there

chattels: ” ……….. preparations secret for the start of the military for the Liberation of the process of Mosul after the control of Iraqi security forces, most of Baiji, south of Mosul areas.”

chattels: ” ……….an official security source in Nineveh police also reported that elements of the “Daash “proceeded to blow up runway fully Mosul airport in anticipation of any nearby military operation in the south of Mosul aviation area.”

chattels: the infrastructure damage being done as DAESH retreats will be significant

chattels: the Baiji refinery, Mosul airport are just the beginning

Doug_W: The spoils of war are being spoiled

newbieDA: what a mess

chattels: the costs of rebuilding infrastructure and resettlement of the displaced is being mentioned increasingly in the budget news and economic crisis out of Iraq

chattels: add the cost of martyrdom to families / compensation / social services required by the Iraqi constitution

chattels: BAGHDAD / National Iraqi News Agency / nina / called on the president of a coalition of state law, Nuri al-Maliki, formations of the popular crowd to support the political process and protection of the schemes of what he called “the conspirators and predators.”

He said in his speech today through the sons of the martyrs of the popular crowd and factions of the Islamic Resistance honoring ceremony “The formations crowd the popular resistance foiled the conspiracies and plots woven against Iraq to topple the political process,”

chattels: autocrats like Maliki, Mussolini and Hitler thrive in an atmosphere of crisis and ineffective government, which they help create for their own nefarious purposes so that they can be ushered in as the ” saviour ” granted extreme powers

chattels: au·to·crat ˈôdəˌkrat/ noun plural noun: autocrats a ruler who has absolute power. synonyms:               absolute ruler, dictator, despot, tyrant

Lauren305: 20 ISIS militants killed by food poisoning in western Mosul…western-mosul/

By Abdelhak Mamoun – Sep 20, 2015 1 ( Dohuk – Media official of the Kurdistan Democratic Party in Mosul Saeed Mamouzini said on Sunday, that 20 militants belonging to ISIS were killed, including a “leader” by food poisoning west of Mosul. Mamouzini said in an interview for,

“20 gunmen from ISIS were killed in the district of Baaj west of Mosul, because of their exposure to food poisoning, including a leader called Abu Zeidan.” Mamouzini added that “unidentified had put toxic substances in the food of the militants.”

Lauren305: U.S. Air Strike Killed Islamic State ‘Sex Slave Facilitator” In Iraq…   The resource cannot be found.  BAD LINK

September 23, 2015 Coalition forces killed a senior leader of the Islamic State group in an air strike in Iraq, the Pentagon said September 22. Abu Bakr al-Turkmani, who died September 10 in a strike in Tal Afar in northern Iraq, was a “slave facilitator” who had been involved in the sexual trafficking of Yazidi minority women, a U.S. defense official told AFP. 

Pentagon press secretary Peter Cook called Turkmani an “administrative emir” and “close associate” of IS leaders in Iraq, and said he was part of Al-Qaeda in Iraq before joining IS. 

The Yazidis, a religious minority which lives mainly in Iraq’s northern Sinjar region, are neither Muslims nor Arabs and follow a unique faith. They are considered infidels by the militants. 

In 2014, IS massacred Yazidis, forced tens of thousands of them to flee, captured thousands of girls and women as spoils of war, and used them as sex slaves. 

The United Nations has said the atrocities committed against the small community may amount to genocide. U.S. Air Strike Killed Islamic State ‘Sex Slave Facilitator” In Iraq…   The resource cannot be found.  BAD LINK

September 23, 2015 Coalition forces killed a senior leader of the Islamic State group in an air strike in Iraq, the Pentagon said September 22. Abu Bakr al-Turkmani, who died September 10 in a strike in Tal Afar in northern Iraq, was a “slave facilitator” who had been involved in the sexual trafficking of Yazidi minority women, a U.S. defense official told AFP. 

Pentagon press secretary Peter Cook called Turkmani an “administrative emir” and “close associate” of IS leaders in Iraq,

 and said he was part of Al-Qaeda in Iraq before joining IS. The Yazidis, a religious minority which lives mainly in Iraq’s northern Sinjar region, are neither Muslims nor Arabs and follow a unique faith. They are considered infidels by the mi

Lauren305: Barzani launches a reform package in Kurdistan…  

It appears the page you were looking for doesn’t exist. Sorry . BAD LINK

Wednesday, 23 September 2015 11:42 Shafaq News / The head of Kurdistan Regional Government (KRG) , Nechirvan Barzani launched a reform package after Eid that aims to reduce spending in his government. ‘

Earlier , the Iraqi government has launched a reform package aimed mostly to reduce spending ratios, after the country’s vulnerability to the economic effects greatly that push to increase the deficit in the new budget ratios. Kurdistan in turn is exposed to an economic crisis since more than a year.

 According to information obtained by Shafaq News, the first reform package will reduce the salaries of special grades to a great extent, and reduce the size of spending in the ministries and institutions of the government.

chattels: Former CIA director calls for more action in combating ISIS

chattels: Breaking Up to Stay Together By Ali Khedery

chattels: ALI KHEDERY is Chair and CEO of Dragoman Partners. From 2003 to 2010, he was a special assistant to five U.S. ambassadors in Iraq and a senior adviser to three chiefs of U.S. Central Command. Follow him on Twitter @akhedery.

chattels: Reidar Visser ‏@reidarvisser 9m9 minutes ago This #Iraq soft partition piece by Ali Khedery is surprisingly similar to Peter Galbraith’s earlier proposals… …

More than 170 million dollars sold by CBI Wednesday

The Central Bank of Iraq announced Wednesday selling 170 million dollars and 521 thousand ones in its daily auction. Rate exchange of 1166 IQD is 1 dollar.

Twenty nine banks and eleven exchange companies took part in today’s auction, CBI said in a statement. /End/


Example of “How we can make such a good ROI on the Dinar” Emailed to Recaps

Dear Recaps: I use this to explain to new investors how they can make such a incredible ROI when investing in the Dinar and other currencies….Please note the figures are for example only and this information is not about the GCR exactly…just how this may work for people who are asking……thanks    Dxxxxx Sxxxxxx


First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:

If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

What Your Bank Will Receive:

Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:

First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar.

Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:

The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel.

From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

• DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

• CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.

• Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

• Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil.

This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10

• Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.

• US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000

• CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”

• Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20

This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?!

You tell me… can Iraq afford NOT to RV?!!!

Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen.

Believe it or not, it has happened for this very purpose, and it IS coming!

Note: Information in this post are not real and all figures used are just an example as noone yet knows the rate… information changes daily….

Iraqi Dinar/US Dollar auction results 9-23-15

Iraqi Dinar/US Dollar auction results 9-23-15 Currency Auction Results Announcement No. (3042) Offers have been the opening of the sale and purchase of foreign currency daily three thousand window and forty-two in the Iraqi Central Bank on Wednesday to brief summary of 09.23.2015 and the results were as follows: Details Notices The number of banks […]