A Wild Ride for the Dinar     By Mark DeWeaver.
 
June 28, 2015 Mark DeWeaver on Investments and Finance
 

This has been quite a year for the Iraqi dinar. From a level of IQD 1,217: USD 1 at the end of 2014, the market rate for the currency weekend steadily during the first quarter, penetrated a key support level at 1,290 in late April, and reached a low of 1,379 on June 16.

By that point the dinar had lost 11.7% year-to-date and appeared to be in free fall.

Last week, however, the exchange rate rebounded sharply. As of June 25, it was back at 1,258, bringing the year-to-date loss to just 3.3%. (See chart. Exchange rates are from the CBI and Rabee Securities.)
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KTFA:

strongcbm :Hey Frankie... I enjoyed tonight's CC....The info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.....Thanks for all you do

Frank26:  The intel.......... The logic of The Bonds is re-assuring about DRS MR in progress.

Indeed........ i too liked it very much.

DRS is showing a commitment for July to show us many congruent steps.

We ......... Are impressed.

KTFA   Frank
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Regulatory Reform (Laws Legislation) Completions and Recommendations 
(By Ministry)

ELECTRICITY
 
USAID-Tarabot worked with the Ministry of Electricity to review 17 regulations that affect its work in supplying electricity.  For example, Tarabot examined instructions and conditions regarding the structure and process of supplying electricity, reviewed general instructions for the implementation of government contracts, and assessed a law regarding how the ministry should go about collecting payments and/or debts.  

 Other pieces of legislation include the "Commerce Act No. 30 of 1984" and the "Electricity Authority Law." In partnership with the Ministry of Electricity, Tarabot identified and reviewed outdated laws and regulations that impose efficiency costs on the ministry's performance in providing electricity services to the Iraqi people, and set forth recommendations for their elimination or reform.??
Read more: Electricity
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(Thank you The IQD Team and Debbie for this research and sending it to Dinar Recaps.)


USAID Tarabot e-Guillotine Project Accomplishments & Recommendations 
Laws, Legislation &   
Regulatory Reforms Completed

UPDATE:  

Iraq Solution for Regulatory & Administrative Reform  ISRAR {Project)   USAID Tarabot   

3rd Year Report & Recommendations  by Ministry

As we have talked about many times since 2011, Iraq had been utilizing the Guillotine Process & also the e-Guillotine to accomplish Regulatory Reform with outdated laws & legislation.  They have just been keeping it very quiet...it seems..

For the purpose of this report below I have compiled the information for the REGULATORY REFORM (Laws & legislation) only for each ministry.

When you click on the Read More tab of each one, it will list everything that was completed and final recommendations for the ministries.   Enjoy
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Millionday News 6/29/15   Part 2 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: NOTE -- TODAY IN ROUND TABLE -- THERE WAS ONLY ROOM FOR THE HEADLINES THEY HAVE HAD SO MUCH SUCCESS -- WHOOPOW

Millionday: NOTE -- THE NEW IRAQ

Millionday: WHOOPOW -- FINALLY --

Millionday: He noted that "at a time when our face competent authorities Preparedness to house the displaced people in areas being rehabilitated and insurance services,

 noting that" After the success of our endeavors in meetings which has with the leaders of many sister and friendly countries, both in bilateral meetings or international conferences to increase regional and international support for Iraq in the face of terrorism has already signed Mahdhirna him that terrorism blind hits all over the place and kill the worshipers in the mosque in this holy month of Ramadan, the month of mercy and forgiveness, in declared Daash to Allah and His Messenger war.
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Millionday News 6/29/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: HOLD ON TO YOUR HAT AND READ EVERY WORD

Millionday: Hussein al-Tamimi Tgb order to raise the operational capacities of public companies tightened buildings department of the Ministry of Construction and Housing on the need to communicate with international companies for the supply of advanced technologies that contribute to the implementation of the quality of projects in various sectors.

Millionday: NOTE -- ORDER FOR THE CONSTITUTIONALLY ORDERED MARKET ECONOMY LEGISLATION--CBI TELLS US THEY ARE READY WITH FUNDING AND NOW THIS>>>>>

THE ORDER TO ACTIVATE THE ADVANCED COMMUNICATION WITH THE GLOBE FOR THE IMPLEMENTATION OF THE QUALITY PROJECTS (CONTRACTS)
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Millionday Roundtable 6/29/15  Part 1 of 2

Welcome to dinarupdates.com for Roundtable with Millionday!!

Millionday: Arbil, saw the US dollar in the Kurdistan Region markets, on Monday, a new low for an exchange rate 124 thousand and 750 dinars, while the Sunday 126 thousand dinars.

prices of currencies and gold in the province of markets Kurdistan today: US $ 100 124.750 IQD 100 pounds British 194.600 IQD 100 euros 138.500 IQD 1 TL 475 Iraqi dinars 1000 Iranian Wish 377 Iraqi dinars weight of 1 carat gold 24.237 million Iraqi dinars weight of 1 carat gold 21.207 million Iraqi dinars 1 gold 18 carat weight of 178,000 Iraqi dinars.

Millionday: THEY ARE TRYING TO MINIMIZE THE RATES AND THERE ARE MANY REPORTS OF SHOCKING CHANGES -- BECAUSE THIS IS FAST
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KTFA:

cleitus : If I recall correctly, the 12 running the world finances, will want the 7 items (listed in past CC's) to happen in Iraq, in July. If I'm wrong, someone throw me a lifeline.

Post From Wealthwatch.world Chat Room - Part 3 of 3


OOTW: WELL THE INTERNATIONAL TRADE EXP, VIA THE BAGHDAD FAIR, ACCDNG TO THE MINISTRY OF TRADE SITE, IS STILL GOING TO HAPPEN EVEN WITH THE OMINOUS PRESENCE OF "DA'ASH" IN THE COUNTRY

sczin11: '@OOTW' DID U SEE, ZEBARI WAS RETIRED BY ABADI....

[OOTW: I JUST THINK THERE'S SOME ODD HAPPENINGS, RE THIS SUPPOSED IMPLEMENTATION OF IMF RECOMMENDATIONS, AS SUBTLY COMMUNICATED VIA THE ARTICLE SCZIN11 FOUND RE ELECTRICITY AND THE "COMMITTEE ON THE ECONOMIC AND CURRENCY"

OOTW: NEVER SEEN THAT AND I'VE TRANSLATED IT THREE TIMES

OOTW: THREE DIFF WAYS
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 Post From Wealthwatch.world Chat Room - Part 2 of 3


OOTW: I'M GOING TO POST TWO VERSIONS OF THE SAME ARTICLE AND BOTH FROM THE SAME WEBSITE 'ALGHAD PRESS'

OOTW: SECOND VERSION

 OOTW: Tomorrow Press / Baghdad: condition of the International Monetary Fund for Iraq electricity pricing application planned versus scheduled to give him a loan to help the financial position of $ 833 million.

 A source in the Council of Ministers for "tomorrow Press," that "the IMF stipulated a series administrative reforms, and facilities trade and currency, in addition to the removal of subsidies on many exchange resources related to the citizen," 

noting that "the Council of Ministers will discuss the requirements of the Fund at its scheduled day Tuesday ". He explained that "the Ministry of Electricity supported the implementation of this requirement, after making minor changes to the pricing proposed by the earlier,

 and caused a stir at the street," noting that "electricity and promised not to raise wages for poor groups that do not spend more than a thousand units per month." 

The Prime Minister Haider al-Abadi was met with senior officials at the International Monetary Fund, and asked them to help Iraq to hold administrative and economic reforms, and the development of private sector and currency in Iraq, 

and promised to fund to provide loans to support the reforms, bypassing Iraq fiscal stayed with him, as opposed to the Iraqi government's commitment to the terms of the most prominent raise some of the material for the huge financial support.
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Post From Wealthwatch.world Chat Room - Part 1 of 3

IN TODAY'S IMPROMPTU CHAT:


OOTW: The meeting's agenda No. (1) Wednesday (1) July 2015 July 1, 2015

 First, read verses from the Koran. 

Second: The vote on the draft accession of the Republic of Iraq to the International Convention on the law to walk on the roads of 1968 and the European agreement supplementing it for the year 2006. ( Commission services and reconstruction , the Foreign Relations Committee ), (2 article). 

Third: The vote on the draft amendment to the Law of the fifth law of public companies No. (22) for the year 1997. ( Commission of Economy and currency ), (2 article). 

Fourth: The first reading of the draft law on ratification commercial cooperation agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait law. ( Committee on Foreign Relations , the Committee on Economy and currency). (Article 2). 
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