Urgent: Special envoy to change: Brett McGurk Envoy Trump will leave Baghdad after meeting Abadi and Jubouri to Arbil to meet with the President of the Kurdistan Regional Government Nigirvan Barzani and other officials


Urgent: Special envoy to change: Brett McGurk Envoy Trump will leave Baghdad after meeting Abadi and Jubouri to Arbil to meet with the President of the Kurdistan Regional Government Nigirvan Barzani and other officials



Urgent .. White House: Trump is talking by telephone with Abadi, the situation of Syria

Twilight News

26 minutes ago

US President Donald Trump has spoken with Iraqi Prime Minister Haider al-Abadi about the situation in Syria, the White House said Sunday evening.

He added that Trump and Abadi also discussed accelerating the campaign to defeat the remnants of the Islamic State Organization (Da’ash).

A statement by the Ebadi office said that the latter held a telephone conversation with US President Donald Trump on Sunday afternoon, praising a defeat by Iraqi forces and the support and assistance of the US-led coalition forces.

The two presidents also discussed the situation in the region and the developments in the situation in Syria and stressed the importance of ending the remnants of the gangs, urging the terrorists to prevent their spread again.

Abadi noted Iraq’s vision for regional cooperation and coordination and its desire for balanced relations with all its neighbors, which will enhance security and stability for the region and the world.

The two presidents also stressed the importance of the success of the upcoming elections to complete the stage of construction and reconstruction.



BMI expects the Iraqi economy to grow by 1.5% in 2018


BMI published a report predicting the growth of the Iraqi economy by 1.5% in 2018, and that growth will also increase in 2019 by 4.5%.
“The Iraqi economy is expected to grow by 1.5 per cent in 2018,” the site said.
“The Iraqi economy will also improve in 2019 and growth is expected to jump to 4.5 percent as a result of reconstruction efforts,” the report said.
BMI is a research firm providing macroeconomic analysis, industry and financial markets covering 24 areas and 200 global markets. It was founded in 1984 as Business Monitor International and in 2014 was acquired by Fitch Ratings International Group.


The Ministerial Council for National Security discusses the process of securing borders and Iraq’s participation in the Paris conference

Release date: 2018/4/8 17:19 • 37 times read
(Baghdad: Al Furat News) The Ministerial Council on National Security discussed the process of securing borders and Iraq’s participation in the Paris conference to mobilize efforts to combat the financing of terrorism.
“The Prime Minister, Commander-in-Chief of the Armed Forces Haider al-Abadi, chaired a meeting of the National Security Council on Sunday,” the statement said. The council discussed the continuation of the process of securing the Iraqi border to remove the threat of terrorism from Iraq. Victory over terrorist gangs and liberated the entire territory, where a detailed report was presented on the situation in the borders and plans to secure them.
“Iraq’s participation in the Paris conference was also discussed to mobilize efforts to combat the financing of terrorism, which will be held on April 26, 2018, and its importance in mobilizing efforts to prevent the terrorism that was defeated in Iraq and the fear of the world being transferred to other countries, where 70 countries and 15 international and regional organizations and agencies will participate. Specialized in combating terrorism. ”
“The council also discussed armament contracts, contracts for the processing of equipment, security and military equipment, as well as a number of other topics on the agenda, resolutions and previous directives.”

Barzani Party: The current atmosphere presages the possibility of addressing the problems between Baghdad and Erbil



Information / Baghdad ..

The Kurdistan Democratic Party (KDP) said on Sunday that the current atmosphere between Baghdad and Arbil promises to address the problems between Baghdad and Erbil, pointing to the continued contacts between the two sides in this regard.

“The contacts are continuing between the governments of the center and the region on the issues that are still stuck between the two sides,” MP Najiba Najib said in a statement to Al-Maaloumah. “The current atmosphere promises to address the problems and solve them soon.”

Najib said that “the past period also witnessed the emergence of positive and good indicators to solve the problems,” likely to “witness the coming period exchange of visits between the two sides.”

“The United States is trying to use the media as a weapon against the Iraqi people, fueling the crises between Baghdad and Erbil, threatening the security of Kirkuk and provoking the security forces present there,” MP Ali al-Baidairi said on Sunday. Ending / 25


The underlying reasons for the rise in the exchange rate of the Iraqi dinar in the parallel market


Dr.. Appearance of Mohammed Saleh

Dr.. Appearance of Mohammed Saleh  

The monetary policy of the Central Bank of Iraq aims to find a monetary framework near the exchange rate of the dinar in the parallel market in a manner not far from the exchange rate of the official monetary policy and the difference is the natural difference of the homogenization of the money market and balance at a real rate of 2% approved globally not to spend in the long period. The objective at the same time balance the exchange market in the inflection, which is sought by the monetary authority through the procedures and processes of monetary policy continued short-term. Factors and reasons that indicate today the rise of the dinar against the dollar (as sometimes called, lar in the Iraqi parallel market In the decentralized market or the decline of Aldo convergence rate of the dollar exchange rate parallel dinar with its price of the official window of the Central Bank of the majority) is mostly due to three main factors:
First, the ability of the central bank to meet the demand for foreign currency by Mazid or the window of the bank as a monetary policy and comfortably and disciplined, especially in the flexible application of the standards of banking compliance and the second, are speculative speculators optimistic value of the dinar, which is indicated by increasing the value of proceeds of oil sales in foreign currency and rising and achieving The current account surplus of 25 percent was accompanied by the suspension of the government’s borrowing from the central bank in the dinar, which increased its balance due to the intensification of the financial crisis. (Ie, stop betting on the policy of 2014 trillion dinars since the year to monetize the debt or finance the budget deficit in the issuance of cash), which was adopted during the years of the financial crisis to finance the deficit in public budgets because of shrinking cash flows of the budget. The dinar remained on the tools of monetary policy on demand for the foreign currency represented The surplus, at the time, is pushing much of the ongoing demand for foreign currency reserves. Although the central bank used the policy of sterilization of the dinar and control of domestic liquidity levels through the dollar window, the bank was forced to exercise tight scrutiny and its relative reserves of dollar sales decreased from the central window of the foreign currency, which led to the monetary authority facing a phenomenon of multiple exchange rates . Ie face the phenomenon of two different rates of exchange because of addressing the suspicions of money laundering and cut any financial extension to finance terrorism after the occupation of some provinces by terrorism Da’ashi. It has led to two exchange rates, one of which is fixed and the other is counter-cyclical, that would push the latter towards the dollar’s appreciation for several months during the financial crisis. The third factor, which is the most important in the cash market, which has influenced but is different and superior this time, the stability of the exchange market in its impact completely comes from the impact of the function of monetary demand on the dinar or change the structure of the behavior of thousands in demand for cash in dinars. The rise in the monetary demand from the effect of the rational expectations factor in the dinar holders raises the real interest rate signal in which the nominal interest rate exceeded the inflation rates (ie, the rise in the prevailing nominal interest rate to be higher than the annual inflation over the past three years). The real interest and expectations for the transfer of the monetary demand function were structural and increased from the behavior of the monetary demand on the dinar. It should be noted that the annual inflation in the range did not increase by 1%, for nominal interest on savings deposits in banks in the regulated market, The interest rate of monetary policy, which has also touched 6 percent annually, is more than one percent per year, while nominal interest in the informal money market has exceeded unprecedented levels of one percent (in the wave of so-called 180-currency traders to touch an annualized rate of money).
All these factors, including the increase in the demand for the dinar in the Kurdistan region and the liberated governorates, have contributed to the high exchange rate of the dinar in the market. The dollar has come close to the official central price in a price homogeneity that has not been seen in the country for many months. The Central Bank of Iraq to defend the stability of the exchange rate and stay constant in the continuation of the monetary behavior of individuals and their positive expectations on the strength of the Iraqi dinar, the stability of Saaralpr (reflected by the similarity between exchange rates in the two markets mentioned) may continue indefinitely. In conclusion, in a society of monetary aggregation, there is a high rate of economic stagnation, which is politicized. Liquidity The rate of growth in monetary demand continues to outperform the real money supply growth, which can be called “liquidity trap”. The impact of higher interest rates has opened, as the liquidity trap coincides with the stagnation of demand in the real commodity markets represented by rising stocks satisfying a three-year real-time demand for durable goods. It is worth mentioning that all these factors have been reflected and overlapped (including the rational application of banking compliance in the legitimacy of the demand for foreign currency conversion by the monetary authority on its customers) leading to a decline in the dollar exchange rate in the parallel market to close to the official central rate of disbursement in The time of the increase of the foreign reserve of the Central Bank, which 51 exceeded the needs of the country for more than one billion and currently covers the months of Esteradip, 9 billion Duo Esteradip in the expression of the accumulation of reserves 3 exceeds the standard standard of monetary policy in maintaining stability and maintaining power No matter what form of success, foreign cash income.


Rafidain Bank announces the approach of the official departments on salaries of employees


Rafidain Bank, on Sunday, approached the ministries and official state institutions to settle the salaries of their employees electronically.
A statement issued by the Information Office of the bank on April 8, 2018 that “was addressed to the departments of the state, which has financial accounts at the bank to settle the salaries of their employees electronically and receive their monthly salaries via e-card instead of manual criticism.”
The settlement of the salaries of the bank has several advantages, including the granting of state employees advances and loans and other banking services.


Speaker of the Iraqi parliament met with Massoud Barzani in Arbil

Iraqi parliament speaker meets Massoud Barzani in Arbil
 11 minutes ago

The leader of the Kurdistan Democratic Party, Massoud Barzani, met on Sunday in Erbil with Parliament Speaker Salim al-Jubouri.
Jubouri expressed his condolences over the death of Delvan Barzani, who died last week of a heart attack.
Jubouri arrived in Arbil this morning to offer condolences on the death of the brother of the President of the Kurdistan Regional Government, Nechirvan Barzani, and met with the latter this afternoon.
The head of the Information Office of the Speaker of the House of Representatives Salim al-Jubouri said on Sunday that the latter discussed during his meeting with the President of the Kurdistan Regional Government the most important issues outstanding between Baghdad and Erbil and the need to activate the dialogue and take into account the interests of the Kurdish people and the unity of Iraq.
“Jabouri said during his meeting with Barzani to offer condolences that the region is an integral part of Iraq and all problems are resolved through dialogue and that it is not in the interest of Iraq that the Kurdish people pass through crises, but the government’s duty to ease its crises.”
Al-Husseini said, “Jubouri also touched on the importance of witnessing the next phase of political consensus on all levels to reflect this on all cities of Iraq with stability and security.”
The escalation of the crisis between Baghdad and Erbil after the conduct of the Kurdistan Region referendum self-determination last September, and the subsequent actions taken by the Iraqi government and neighboring countries against the region, including the closure of border crossings and the prevention of air traffic.
However, these files found a way to resolve in turn, the impact of several contacts and meetings between the Iraqi Prime Minister Haider Abadi and the Prime Minister of Kurdistan Nechirvan Barzani



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