Click on picture to visit our Blog page!
NOTE TO OUR EMAIL SUBSCRIBERS:

If you do not receive one or more of our emails, please check YOUR email spam or junk folder.  Even though we run each email through a filter before sending, occasionally people have reported that it has been misdirected by their email systems.  As a reminder, all our emails are available on our website  ARCHIVE page.  Bookmark this page now for future reference.
10pm October 24th, 2016

Our newsletter is a listing of all our blog posts.  The newsletter is sent 2 or 3 times a day.  Our email schedule is HERE.  If you cannot wait for the email, you can read our posts directly on our BLOG PAGE throughout the day and night, or follow us on TWITTER and get our blog posts tweeted to you between 10am - midnight (ET).  Our Twitter name is DinarRecaps.

If you like this newsletter, share with others.  

Enjoy our Recap Newsletter,

The Dinar Recaps Team
Quick Links
Are you a Android device user having troubles with the Recaps website links?
CLICK HERE for a solution.
Copyright  2016 - All Rights Reserved - DRT Distribution, LLC
Table of Contents

2017 Budget Of 100 Trillion Dinars  Part 3 of 3

Rcookie Post On 2017 Budget
rcookie says():Article -19- 
A non-appointment to the state leadership positions [director and above] unless there is a law degree at the ministry or organization is not related to the Ministry or Works office instructions.
 
B-referred employee degree [director and above], which does not manage to form an administrative level Directorate General and older to retire according to the Uniform Code of retirement immediately after the entry into force of this law or transferred to another department when you have a vacancy that commensurate with the job title and the approval of the transferee to it.
 
Article -20-
Dues are calculated foreign companies operating in the Kurdistan region for the purpose of extracting oil from within the region 's share amounting to [17%].
 ...

 

2017 Budget Of 100 Trillion Dinars  Part 2 of 3 

Rcookie Post on 2017 Budget 

rcookie says():-karz Japanese International Cooperation Agency [JICA Event] the amount of $ [1500] million [thousand five hundred million dollars and will be financed in the amount of [300] million [three hundred million dollars] in 2017, for the purpose of financing projects for the ministries of oil, Construction and Housing and Municipalities and Public Works , water resources, electricity, industry and minerals, health, communications, transportation, and all of the Ministry of Health and the electricity of the Kurdistan region.
 
-karz Development Bank of the German [KFW] the amount of $ [500] million euros [five hundred million euros] Pmaiedl [600] million [six hundred million dollars, the amount of it [190] million [one hundred and ninety million dollars] to finance the reconstruction of liberated areas projects from terrorism to 2017.
 ...

 

2017 Budget Of 100 Trillion Dinars  Part 1 of 3

rcookie says():House of Representatives hearing
2017 budget of 100 trillion dinars and a deficit of 21%
 
Author: MK Editor: AZ 10.24.2016 16:28 Number of Views: 16
 
Long-Presse / Baghdad  Parliamentary Finance Committee announced on Monday that the size of the budget for the year 2017 amounted to 100 trillion dinars, and while noting that the volume of oil revenues, which will reach 67.5 trillion and the deficit reached 21%, confirmed approval within the constitutional period specified.
 
The committee member said Masood Haider in an interview with (long-Presse), that "the general budget for 2017 amounted to 100 trillion revenues of oil estimated at 67.5 trillion and 11.6 trillion in non-oil revenues and a deficit of 21%," adding that "the total foreign loans in the budget is 5.6 trillion Dinar".
 
He said Haider, that "the oil production ceiling in the budget amounted to 3.75 million barrels, including 550,000 barrels of the Kurdistan region, pointing out that" the price of a barrel estimated budget was $ 42.
 
He said Haider "It is expected that the adoption of the budget during the constitutional period specified."
 
The head of the House of Representatives Saleem al - Jubouri, announced on Sunday, all assume the presidency of the parliament finance the budget law for next year 2017, as amended by the Council of Ministers, in the face inclusion on the agenda of the meeting of 25 scheduled, on Monday.
 ...

 

From Islandg1211 - CBI ANNOUNCES RAISING THE VALUE OF THE DINAR 

( Thank you Denaridori for emainlng this to Dinar Recaps.) 
From Islandg1211 - CBI ANNOUNCES  RAISING THE VALUE OF THE DINAR 
Good to see a new RV Article!! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar.

The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans.

In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter.


The below posts were in our 6pm newsletter

My Ladies Monday 10-24-16: "This Article is Not What it Seems"

Thanks My Ladies for sending this to us today:

CENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!
 
MY LADIES:  WOW!!! HOW EXCITING IS THAT HEADLINE?? THE END MUST BE NEAR, THE RIDE MUST BE CLOSE TO OVER.

THIS IS WHAT YOU ARE BEING LED TO BELIEVE AND THIS ARTICLE IS GETTING SO MUCH TRACTION IN THE DINAR ROOMS. BUT PLEASE BE VERY CAREFUL BECAUSE WE HAVE SEEN THIS BEFORE OVER AND OVER AGAIN AT LEAST ONCE A YEAR FOR THE LAST 5 YEARS.
 
FOR THOSE OF YOU THAT HAVE BEEN HERE FOR YEARS THIS HEADLINE SHOULD BE ROLLING OFF YOUR BACK LIKE WATER ON A DUCK.

FOR THOSE THAT ARE NEWLY IN HERE PLEASE DO NOT BUY THESE WOLF TICKETS. PLEASE DO NOT BUY CURRENCY, PLEASE DO NOT CREEP TO THE EDGE OF YOUR SEAT PLEASE DO NOT QUIT YOUR JOB IN THE EXPECTATION OF BEING A ZILLIONAIRE BECAUSE THIS ARTICLE IS NOT AT ALL WHAT IT SEEMS.
 
THIS WAS POSTED IN MY ROOM LAST NIGHT AND HERE IS MY RESPONSE
....
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 10-24-16 Part 3 of 3

rcookie says():HE ASSERTS THAT BONDS AFFECT MONETARY POLICY & VARIABLES ON INTEREST RATES AND THE PRICE OF LOCAL CURRENCY EXCHANGE RATES OF INFLATION...

AND ALLOES FOR BROADER APPLICATION OF CBI MONETARY POLICY MANAGEMENT ACTIONS AND INSTRUMENTS...

rcookie says():HE ALSO ASSERTS THESE BOND MARKETS EXERTING IMPORTANT ROLE OF PROVIDING SHORT TERM LIQUIDITY TO THE MONEY MARKET...AND IMPLEMENTATION OF MONETARY POLICY...

HE OUTLINES THE POSITIVE REFLECTION OF IRAQS FINANCIAL STRUCTURE AND INTEGRATING THE BANKING SECTOR AND STOCK MARKET...

AND STABLE INVESTMENT ENVIRONMENT IN ALL SECTORS AND SOLID FINANCIAL INFRASTRUCTURE.,...
...
Read More

Post From Dinar Updates
Chat Room Excerpts & Highlights

Dinar Updates Monday AM Chat 10-24-16 Part 2 of 3

rcookie says():Parliamentary threatening to disclose the names of mafias and corruption in the Ministry of Commerce
Department:Published on the political scene: Today, 12:10 Number of views: 910

BAGHDAD / Sky Press Threatened MP Alia Nassif reform front, on Monday, to disclose the names of mafias of corruption in the Ministry of Trade, while appealed to Prime Minister Haider al-Abadi not to allow frustrated the efforts of the Ministry of Commerce to carry out fundamental reforms in the ministry staff from Central grades Kalmdra years and assistants.

Nassif said in a statement received "Sky Press," that "mafia network of corruption in the middle layer of the Ministry of Commerce officials returned today to exercise its suspicious, and we have documented information about a group of people who were brought and they have indications of corruption and who are preparing the floor of corruption in the ministry, and we'll show all these documents during interrogation. "
...
Read More

Post From Dinar Updates
Chat Room Excerpts & Highlights

Dinar Updates Monday AM Chat 10-24-16 Part 1 of 3

rcookie says():Iraqi parliament begins legislation of the country's budget for 2017

Monday 24-10-2016 | 12:34:06 House Alaraca..r-n h d Twilight News / Presidency of the Council of Representatives began the first reading of the draft federal budget for the 2017 law.

Said House Speaker Salim al-Jubouri, on Sunday, all assume the presidency of the parliament finance the budget law for next year 2017, as amended by the Council of Ministers.

He announced the Prime Minister Haider al-Abadi, on Tuesday (18 October 2016), send the draft budget to the 2017 Act to the House of Representatives after making amendments to it, as he emphasized that the project included the previous agreement with the Kurdistan Region, while pointing to an amendment to the draft general amnesty law.
...
Read More

Message From AngelQuest Monday Afternoon 10-24-16


Thanks AQ for sending this to us today:

AngelQuest:  My Friends,

It has been a while since I stated anything and I vowed I would not unless it was needed.
Most of you have now been in this for well over 5 years.

REMEMBER when you rushed to get the currency because it was going that weekend?

REMEMBER the word SOOM

REMEMBER staying up late at night because you wanted to see it come in?
 
What were we thinking?
....

When Does 'Too Much Oil' Become The Problem?

When Does 'Too Much Oil' Become The Problem?

By Paul Ausick   October 21, 2016 12:45 pm EDT

Until about 2008 or so, discussion about the future price of crude oil was directed by the concept of peak oil. That is, when does the world reach peak production, after which the price of crude will skyrocket.
 
In less than a decade, the discussion is now focused on the concept of "peak demand," the point at which global demand for crude begins to decline.

More News, Rumors and Opinions Late Monday Morning 10-24-16

WSOMN: 

ADMINBILL:  MONDAY, OCTOBER 24, 2016 (10:00AM MDT)

NOTHING NEW TO REPORT THIS MORNING. SLEPT IN FOR ONCE.

THE DAY (AND WEEK) IS STILL YOUNG WHICH MEANS WE ARE RIPE FOR SPECULATION AND RUMORS AS IS TYPICAL FOR MONDAY.

HOWEVER, MUCH HAS GONE ON IN IRAQ TO GIVE US HOPE SO WE COULD ACTUALLY SEE GOOD THINGS OCCUR.

IF MR. B AND SCOTCHIE ARE ON-BOARD WITH WHAT THEY ARE HEARING AND READING WE MAY HAVE A WINNER.

TO PARAPHRASE MR ROGERS THIS MORNING...HAVE A GREAT DAY IN YOUR NEIGHBORHOOD TODAY AND THROUGHOUT THE WEEK.
.....
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday Late PM Chat 10-23-16

daytrader says to BGG():The IMF uses BASEL formulas to determine the value of a currency. They most likely would not allow a country to have a rate that is lower rate than its true value. It would give that country an unfair advantage in the world markets.

MadDScout says to magnetlady():You're welcome and thank you

BGG says to daytrader():Great comment - at about a buck, I don't think that would be the case.
BGG says to daytrader():IMHO

daytrader says to BGG():I agree.
sheila3 says to BGG():thank you :)

BGG says to daytrader():however, there has to be some "qualifier" to that - since it is widely recognized the IQD is "grossly under-valued"...

BGG says to daytrader():and it could be - the "stick" in these recent goings on... was...
BGG says to daytrader():either get right or they would be "black-listed" FOREVER. I heard those rumblings...
...
Read More


The below posts were in our 10am Newsletter

News, Rumors and Opinions Late Sun.PM/ Early Mon.AM

Early Monday Morning

KTFA:

Recap:   Frank26   "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..."   "The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." 
 

How quickly one's starvation can cause one to forget that only the CBI can make such a statement.  Yes...Moments after they give You Mosul it may equal the MR.  

Note...You have no Mosul yet.  So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI.  But know this...IMF meetings are within days.  Have to admit...Am very Fascinated by this.  DELTA says it is a legit Newspaper from Iraq.

DELTA:  ANOTHER SOURCE SAYING THE SAME !!     
http://kulalakhbar-iq.com/hi/?p=18320

SlappySquirrel:  2 sources, are better than 1
....

BGG Sunday Night News Time 10-23-16 Part 3 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights

BGG says():Here's THE ARTICLE...
 
MadDScout says():Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
 
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market.
...
Post From Dinar Updates
Chat Room Excerpts & Highlights

BGG says():Moving on...  another bit from RCookie... (who, BTW - has been JUST ROCKING the NEWS lately)
 
rcookie (Dinar Guru) - Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
 
http://www.dinarupdates.com/observer/
 
BGG says():Which points out - the main law has been passed and is IN EFFECT... However, some are not so happy with the implications... namely Maliki's bunch who have been so hard on opponents.
...

BGG Sunday Night News Time 10-23-16 Part 1 of 3

Post From Dinar Updates
Chat Room Excerpts & Highlights
larrykn says():did I just read this right:

Coinciding with the victories of our security forces in Mosul. The Central Bank raised the dinar against the dollar
 
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market.
...
 

1 Comment

KTFA:


RE:   http://iraaqi.com/news.php?id=25808&news=1#.WA0SyvRETCY

A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal source in a press statement singled out by all the news that the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market. The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar.

Frank26:  Greeting Family .............. Of course i saw Your "blog" post. So did many on the internet. i Understand it's catalytic power of excitement. Said nothing on it because many calls wanted my opinion Today ............ On this Sunday.
 
What do i think?   Hmmm.
....

News, Rumors and Opinions Sunday Evening 10-23-16

TNT:


Elmerf123456:  You know if you remember my post earlier than the week from KRG that there should be some exciting news coming beginning of next week maybe this is what they were referring too!

This was my post at beginning of week! I heard from my friend yesterday boots on the ground across the pond to expect a big liberation announcement sometime by next week what does that mean exactly I don't know but I'm excited to hear..... Connect the dots!

Shybaby:  Looking for action Tuesday night after Hawaii banks close... Elmer's comment about PH is right on (Philippines)

SassyD:  Another Step Forward...... The ISX finally broke through 600 on Sunday!! ===  http://www.isx-iq.net/isxportal/portal/homePage.html?currLanguage=en

Ecubucs:  It sure is a Pretty Site to see the ISX Moving Right Along... Love seeing all that LIVE Trading going on!

Dallred123:  I guess we better get our bank outfit ready

Dinaroil:  Elmerf123456~ thanks for the info. Well peeps...this could be one of our best Thanksgivings!
....