Re: Battle for Mosul and Iraq in General

VictorG · Post by **VictorG** » Wed Apr 12, 2017 4:09 pm

Surprised no threads about Iraq here as 5,000 or more US troops are deployed in Iraq, more providing direct assistance from Jordan and elsewhere. Lots of US air support being used as well. Many US troop within firing range in the battle for Mosul. Additionally, more US bases are being opened and there is talk of some of them remaining permanently.

Here is a link to tweets. It's interesting and you get to see lots of ISIS blow themselves up...

https://twitter.com/hashtag/Mosul?src=hash

CID1990 · Post by **CID1990** » Wed Apr 12, 2017 4:34 pm

That entire feed is a good example of why we should not be involved in other peoples' civil wars

We are in no way affected by which set of murder monkeys is in control over there

All we get for our trouble is vilification

Sent from my iPhone using Tapatalk

Chizzang · Post by **Chizzang** » Wed Apr 12, 2017 5:29 pm

Trump said he'd have ISIS eliminated in 6 months...
So like by July everything will be different, you guys can relax now

Post by **kalm** » Wed Apr 12, 2017 5:32 pm

Trump brought Victor G back to CS and for that, I'm happy...

VictorG · Post by **VictorG** » Wed Apr 12, 2017 6:43 pm

CID1990 wrote:That entire feed is a good example of why we should not be involved in other peoples' civil wars

We are in no way affected by which set of murder monkeys is in control over there

All we get for our trouble is vilification

Sent from my iPhone using Tapatalk

IMO we are not there for the "civil war" but to protect and even "reclaim" our investment. I don't know if anyone remembers but when the war started, Bush proclaimed that after all is said and done, the war will not cost America one cent. Bushes plan from years ago (right or wrong) is still intact. Iraq is to be the model of democracy and stability in the Middle East. Many think it will also serve as a buffer between Iran and Israel.

ISIS is the distraction the world is watching while the real work is taking place hidden from the casual observer. If you were watching closely, you'd see the birth of a nation right before your eyes. A nation that in a few short years may very well be recognized as one of the richest in the world....

I'll dig up some articles from the past few months that our main stream media didn't get the memo on and post them as I find them....if anyone is interested!

VictorG · Post by **VictorG** » Wed Apr 12, 2017 6:43 pm

kalm wrote:Trump brought Victor G back to CS and for that, I'm happy...

Trump in a dunking booth would have done the trick as well!!

VictorG · Post by **VictorG** » Wed Apr 12, 2017 7:05 pm

http://www.iraqinews.com/business-iraqi ... ion-boost/

2/22/17

New Iraq oil find adds 1000 cubic meter daily production boost

Baghdad (IraqiNews.com) Iraq announced on Wednesday a new major oil reserve discovery that could add a daily production surge of 1000 cubic meters.

Quoted by media, Karim Hattab, director-general at the Iraqi Oil Exploration Company, said exploratory drilling by Japanese oil firm INPEX and Russian firm Lukoil in the Mishrif horizon, in the southern province of Basra, found production potential worth 1000 cubic meters a day.

The newly-spotted discovery is located within an exploration site that had added ten billion barrles to Iraq’s oil reserve, according to Hattab.

In a statement, INPEX, which holds a 40% participating interest in the field through INPEX South Iraq, Ltd., a subsidiary, said “as a result of this exploratory drilling campaign, INPEX and LUKOIL discovered a highly productive oil reservoir in the Mishrif horizon with a confirmed production volume capacity of more than 8,000 barrels per day from crude oil production tests that were subsequently conducted.

The statement added that “based on these results, INPEX and LUKOIL expect there will be a high probability of discovering a large oil field depending on the evaluation results of additional exploration activities.”

Iraq is OPEC’s second largest oil producer, following Saudi Arabia. It had pledged to cut 210.000 barrels of its daily production to 4.35 million barrels starting January in line with an historic OPEC members agreement reached in a Vienna meeting in December. It had previously been reluctant to take the move citing its terrorism-battered economy. OPEC took the move in an attempt to prop up falling oil prices.

http://www.reuters.com/article/us-iraq- ... SKBN15Y0D2

Iraq's oil reserves increase to 153 billion barrels, oil minister says (I believe this places them in the top 5 in the world.)

2/19/17

Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabar al-Luaibi said on Sunday.

Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he said in a statement.

The increased estimate is the result of appraisals and exploration carried out at seven oil fields in central and southern Iraq, he said.

Iraq is developing its oil reserves with the help of foreign companies, to make up for three and a half decades of conflict and international sanctions, starting with the 1980-1988 war against Iran.

Iraq's new proven reserves estimate brings it closer to Iran's 158 billion barrels. It is OPEC's second-largest producer, after Saudi Arabia.

Venezuela and Saudi Arabia lead OPEC's 14 members in terms of oil reserves, with 301 billion barrels and 266 billion barrels respectively, according to the organization's website.

(Reporting by Maher Chmaytelli; Editing by Mark Potter)

VictorG · Post by **VictorG** » Wed Apr 12, 2017 7:07 pm

FYI,

It's not only the quantity of oil Iraq has, it's the low production costs. Last I read it cost Iraq $3.00 to produce a barrel of oil.....it basically gushes from the wells....

VictorG · Post by **VictorG** » Wed Apr 12, 2017 7:35 pm

Iraq's Banking system has been rebuilt from scratch and apparently done very well.

https://search4dinar.wordpress.com/2017 ... f-kennedy/

3/30/2017

US Treasury granted the Iraqi Association of Banks and the Order of John F. Kennedy

Books – Mohamed Adel:

Wadih received Handal, head of the Iraqi Association of private banks, Sam John F. Kennedy for the role of the Association of Excellence at the local level, regional and international. He handed over the medal representative of the US Treasury Department in Iraq, John Sullivan, at the headquarters of the Association, and in the presence of a group of banking leaders, representatives of the US Treasury in Iraq.

Honor comes in recognition of the efforts of the Association in the development of the banking sector in Iraq and cooperation in building bridges of cooperation between Iraq and the United States of America, and cooperation between the two countries in support of the private banking sector and its compliance with international standards and to work on restoring Iraqi banks dealings with US banks.

Said Wadih Handal, he said that the award of pride and confidence of the Association certificate, and confirm that the association is going on its way towards the Iraqi society and economy service, human resources development and openness to the world. Explaining that the medal was granted to the Association for its role in the advancement of the sector of the Iraqi banking, and its contribution to the humanitarian relief goods and development of social projects across the country, and the future vision enjoyed by the association towards building a strong and capable of driving economic growth in Iraq’s banking sector.

He explained that the association is proceeding well thought towards the development of human resources as the number of trainees to 530 currently, and the number will rise to 630 end of this month, indicating that the association plans to increase the number to 2,000 trainees with the end of the year 2017.

The head of the Iraqi Association of private banks that the visit of the US Treasury of the Association of Iraqi private banks, where the delegation had fruitful know the delegation on the achievements of the private banking sector and its role in the reconstruction of Iraq. He added Wadih Handal, that the delegation’s visit gives a strong and clear message over the confidence and faith Treasury trends and the work of the Association, which is the Iraqi Central Bank arm a chance to tell the success stories of private banks in the areas of the country’s reconstruction and development of Al-Rashid Street project Take Baghdad and a campaign of our people, headed by Ambassador that goodwill musician Naseer Shamma, noting that the delegation’s visit reflects the interest of the Association on the level of the Arab, regional and international, which is one of the most important joints of the Iraqi private sector, which is very much looking forward to the national role in building the country devastated by war and ravaged by the winds of terrorism To Black.

For his part, John Sullivan, head of the delegation appreciated the efforts of the Association of private banks and their role in the development of the work of banks through advanced training programs.

The US Treasury delegation included John Sullivan head of the delegation and the Bank of New York Michelle Chatzl Reserve and Rashid Naseem director at Bank of New York and Leslie Young adviser at the US Treasury and Mary the gift of energy and economic adviser.

houndawg · Post by **houndawg** » Thu Apr 13, 2017 5:46 am

VictorG wrote:http://www.iraqinews.com/business-iraqi ... ion-boost/

2/22/17

New Iraq oil find adds 1000 cubic meter daily production boost

Baghdad (IraqiNews.com) Iraq announced on Wednesday a new major oil reserve discovery that could add a daily production surge of 1000 cubic meters.

Quoted by media, Karim Hattab, director-general at the Iraqi Oil Exploration Company, said exploratory drilling by Japanese oil firm INPEX and Russian firm Lukoil in the Mishrif horizon, in the southern province of Basra, found production potential worth 1000 cubic meters a day.

The newly-spotted discovery is located within an exploration site that had added ten billion barrles to Iraq’s oil reserve, according to Hattab.

In a statement, INPEX, which holds a 40% participating interest in the field through INPEX South Iraq, Ltd., a subsidiary, said “as a result of this exploratory drilling campaign, INPEX and LUKOIL discovered a highly productive oil reservoir in the Mishrif horizon with a confirmed production volume capacity of more than 8,000 barrels per day from crude oil production tests that were subsequently conducted.

The statement added that “based on these results, INPEX and LUKOIL expect there will be a high probability of discovering a large oil field depending on the evaluation results of additional exploration activities.”

Iraq is OPEC’s second largest oil producer, following Saudi Arabia. It had pledged to cut 210.000 barrels of its daily production to 4.35 million barrels starting January in line with an historic OPEC members agreement reached in a Vienna meeting in December. It had previously been reluctant to take the move citing its terrorism-battered economy. OPEC took the move in an attempt to prop up falling oil prices.

http://www.reuters.com/article/us-iraq- ... SKBN15Y0D2

Iraq's oil reserves increase to 153 billion barrels, oil minister says (I believe this places them in the top 5 in the world.)

2/19/17

Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabar al-Luaibi said on Sunday.

Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he said in a statement.

The increased estimate is the result of appraisals and exploration carried out at seven oil fields in central and southern Iraq, he said.

Iraq is developing its oil reserves with the help of foreign companies, to make up for three and a half decades of conflict and international sanctions, starting with the 1980-1988 war against Iran.

Iraq's new proven reserves estimate brings it closer to Iran's 158 billion barrels. It is OPEC's second-largest producer, after Saudi Arabia.

Venezuela and Saudi Arabia lead OPEC's 14 members in terms of oil reserves, with 301 billion barrels and 266 billion barrels respectively, according to the organization's website.

(Reporting by Maher Chmaytelli; Editing by Mark Potter)

Oil is an industry in decline, worth less every day. That's beautiful.

houndawg · Post by **houndawg** » Thu Apr 13, 2017 5:47 am

VictorG wrote:Iraq's Banking system has been rebuilt from scratch and apparently done very well.

https://search4dinar.wordpress.com/2017 ... f-kennedy/

3/30/2017

US Treasury granted the Iraqi Association of Banks and the Order of John F. Kennedy

Books – Mohamed Adel:

Wadih received Handal, head of the Iraqi Association of private banks, Sam John F. Kennedy for the role of the Association of Excellence at the local level, regional and international. He handed over the medal representative of the US Treasury Department in Iraq, John Sullivan, at the headquarters of the Association, and in the presence of a group of banking leaders, representatives of the US Treasury in Iraq.

Honor comes in recognition of the efforts of the Association in the development of the banking sector in Iraq and cooperation in building bridges of cooperation between Iraq and the United States of America, and cooperation between the two countries in support of the private banking sector and its compliance with international standards and to work on restoring Iraqi banks dealings with US banks.

Said Wadih Handal, he said that the award of pride and confidence of the Association certificate, and confirm that the association is going on its way towards the Iraqi society and economy service, human resources development and openness to the world. Explaining that the medal was granted to the Association for its role in the advancement of the sector of the Iraqi banking, and its contribution to the humanitarian relief goods and development of social projects across the country, and the future vision enjoyed by the association towards building a strong and capable of driving economic growth in Iraq’s banking sector.

He explained that the association is proceeding well thought towards the development of human resources as the number of trainees to 530 currently, and the number will rise to 630 end of this month, indicating that the association plans to increase the number to 2,000 trainees with the end of the year 2017.

The head of the Iraqi Association of private banks that the visit of the US Treasury of the Association of Iraqi private banks, where the delegation had fruitful know the delegation on the achievements of the private banking sector and its role in the reconstruction of Iraq. He added Wadih Handal, that the delegation’s visit gives a strong and clear message over the confidence and faith Treasury trends and the work of the Association, which is the Iraqi Central Bank arm a chance to tell the success stories of private banks in the areas of the country’s reconstruction and development of Al-Rashid Street project Take Baghdad and a campaign of our people, headed by Ambassador that goodwill musician Naseer Shamma, noting that the delegation’s visit reflects the interest of the Association on the level of the Arab, regional and international, which is one of the most important joints of the Iraqi private sector, which is very much looking forward to the national role in building the country devastated by war and ravaged by the winds of terrorism To Black.

For his part, John Sullivan, head of the delegation appreciated the efforts of the Association of private banks and their role in the development of the work of banks through advanced training programs.

The US Treasury delegation included John Sullivan head of the delegation and the Bank of New York Michelle Chatzl Reserve and Rashid Naseem director at Bank of New York and Leslie Young adviser at the US Treasury and Mary the gift of energy and economic adviser.

So they learned their lesson about trying to decouple from the dollar?

VictorG · Post by **VictorG** » Thu Apr 13, 2017 6:21 am

houndawg wrote:
So they learned their lesson about trying to decouple from the dollar?

Actually, I the IMF has mandated that they remain pegged to the dollar for stability, for now.

There is a huge monetary reform project going on and has been going on for years under the direction of the IMF. The IMF has laid out the road map for them and they are actually following it. Some parts of the project are on hold waiting for the ISIS situation (right now that will be the official announcement that Mosul has been liberated), before they are completed. The new banking system is only a part of the process.

Iraq is trying to diversify themselves as far as where they get their money. As of recently, 95% of the money for the government was from oil revenues. They are starting to change that. The reformed banking system is now offering loans to individuals for the opening of small businesses, agriculture and other private projects. Their aim is to get the majority of the population off the government payroll and into private industries, which will then be taxed (of course). The big problem that they must also overcome is that people there do not trust or even know anything about "banks". They are in an education process now.

They are also overhauling their tariff situation on imports as that will be a major source of income for the government. The huge sea port at Basra is NOT in the war zone as has been modernized and is slowly increasing the amount of traffic coming to it. They have stated that in the near future, a huge percentage of all trade for Iraq and they surrounding countries will pass through the seaport.

VictorG · Post by **VictorG** » Thu Apr 13, 2017 6:34 am

It may also be interesting to note that the majority of the population of Iraq (around 35 million people in the country) are under 30. Many don't even remember the war or what Iraq was like previous to the war(s).

VictorG · Post by **VictorG** » Thu Apr 13, 2017 6:47 am

Back to the battle for Mosul...

The battle for Mosul is really 2 battles, one for the east side and one for the west side. Mosul is divided by the Euphrates River and the battle for the east side started last October and was completed late last year. The battle for the west side started in February and is nearing completion. The big hold up is that the city is NOT evacuated of civilians and they are being used as human shields by ISIS. Even with that the battle would be over except for the "Old City". The Old City is very densely populated and the streets are so narrow they will not allow armored vehicles to pass, so everything has to be done on foot and door to door. This is where the major problems remain.

It is interesting to note that articles coming from Iraq have recently included comments from military commanders who claim that Mosul is 96% (or better) controlled by Iraq now and that the military involvement in the city has ended. They say that there are only scattered groups of ISIS remaining and they are being handled by the police and local militia. I haven't yet heard anything like this from sources outside of Iraq.

VictorG · Post by **VictorG** » Thu Apr 13, 2017 6:53 am

More on banking.....

Iraq is in the process of deploying (and has been for a while) "Q-cards" (I believe they are called), which I believe come from MasterCard and are used like a debit card in the US instead of currency. As I stated before, the largest percentage of wage earners in Iraq are employed by the government or receive money from the government for various reasons and on payday, the people will have their pay directly credited to their cards. These cards can be used anywhere in the world. No more "pay checks"!

VictorG · Post by **VictorG** » Thu Apr 13, 2017 7:05 am

Corruption in the Iraq Government is being addressed.

A few years ago I read and article that had Iraq listed as one of the most corrupt governments in the world. Most of that was tied to the Previous Prime Minister Nouri Kamil Mohammed Hasan al-Malik. He has been replaced by the current Prime Minister Haider Jawad Kadhim Al-Abadi. Both of these people belong to the same political party but their goals are completely different and I really don't think they like each other.

In any case the following article is just an example of the current crack down on corruption taking place now. I wish we could do this here! (This is a translated article and even with that, takes time, effort and experience to understand what is being said. Basically, 400 people including current seated government officials are being prevented from leaving the country and are being investigated on corruption charges. )

Last updated: April 10, 2017-1:07 m

Baghdad/Iraq News Network-Chief Hassan Al-yassiri, integrity, prevent the travel of 400 including Ministers and Deputy Administrator sales prospects because of corruption charges, referring to refer to senior officials refused to reveal the financial liabilities. Al-yasiri, said that "financial liabilities statement file was not of interest to the Commission in the past, because many officials who evade it, but in order to activate this file we sent an official letter to the Cabinet containing the body orientation take full legal action against those responsible for financial liabilities disclosed almtkhelvi, following that was hauling a lot of senior officials to justice for non-disclosure, and disclosure statementThe Commission proposal to the Premiership salary cut includes the administrator who does not disclose its financial debt, "adding," as for the response, in the Council of Ministers and the Presidency reached 100%, but in the House amounted to 49%. According to a press release on:. "said Commission officials followed and began to apply the principle of" where did you get that? " And for the first time in the history of Iraq, was hauling the Deputy Prime Minister, and some lawmakers, Governors and members of provincial councils on because money inflation after these procedures, some Klingon against the body, and the strange thing is that they do not speak to the media about their cases referred to the judiciary, but speak words to fight inaccurate body and confusion. "]

89Hen · Post by **89Hen** » Thu Apr 13, 2017 7:30 am

houndawg wrote:Oil is an industry in decline, worth less every day. That's beautiful.

That is a good thing.

VictorG · Post by **VictorG** » Thu Apr 13, 2017 8:00 am

89Hen wrote:
houndawg wrote:Oil is an industry in decline, worth less every day. That's beautiful.
That is a good thing.

I agree as well......In Iraq, they are adjusting for that fact plus lower prices for the oil by diversifying their economy and there is also a lot of talk about starting industries that use oil in products and exporting those products......That would remain a huge market....

CID1990 · Post by **CID1990** » Thu Apr 13, 2017 8:20 am

The fight for Mosul and northern Iraq is less about oil and more about reunification of the country-

The northern provinces have some oil, but the lion's share of Iraq's oil is in the Kirkuk fields and down around Basra on the Kuwaiti border.

In other news... the growing organization in the banking industry is encouraging. I picked up a couple thousand dollars in Iraqi dinars when I was in Rustimiyah in 2004. It is still sitting at 0.00086 to the dollar but if they get their sh1t in a pile over there that bodes well

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VictorG · Post by **VictorG** » Thu Apr 13, 2017 9:12 am

CID1990 wrote:The fight for Mosul and northern Iraq is less about oil and more about reunification of the country-

The northern provinces have some oil, but the lion's share of Iraq's oil is in the Kirkuk fields and down around Basra on the Kuwaiti border.

In other news... the growing organization in the banking industry is encouraging. I picked up a couple thousand dollars in Iraqi dinars when I was in Rustimiyah in 2004. It is still sitting at 0.00086 to the dollar but if they get their sh1t in a pile over there that bodes well

Sent from my iPhone using Tapatalk

Absolutely correct!!!!!

The Kurds are and have been threatening to separate for years unless article 140 (contains the HCL or Hydro Carbon Law if I'm not mistaken) of the Iraq constitution is implemented. Latest I have read on that topic is that all sides have agreed and article 140 will be implemented when Mosul is liberated. I also believe the Kurds want to annex some of the territory that Saddam Hussein took from their region. There is a large resettlement project going on where Kurds who were removed from the region by Saddam Hussein are being allowed to return and reclaim their property. At a point in time a census will be taken and if the percentage of Kurds living in the area has returned to be the majority, the area will return to Kurdish control.

I mentioned monetary reform earlier. It contains a currency project called "Delete the Zero's" which officially is on hold until the security situation improves and a big part of that is Mosul being Liberated. I read late last year where the GOI (Government of Iraq) stated that there would be a significant increase in the value of dinar immediately when Mosul is announced as being liberated. (I do question their meaning of significant though..lol)

Many believe Mosul is a timing mechanism being used to stall monetary reform until other behind the scene tasks are completed. Additionally, Iraq is waiting on distributing lower denominations of currency, 100, 50, 20, 10 and I believe 5 dinar bills as well as coins as part of the "Delete the Zero's Project". It has been stated in their press that the current 3 zero currency will continue to be used for 10 years along side the new lower denominations. It has been well documented in the Iraq media that the intent of the Delete the Zero's Project is to bring the value of the dinar near or equal to the value of the USD.

Hold onto that currency for sure. IMO what is still not 100% known is if Iraq will remove the zero's on the current currency before changing the value, (which would mean a 25,000 dinar note would effectively become a 25 dinar note) and then follow that with an increase in the value of the dinar to a 1 to 1 basis with the USD or if they will release the lower denominations and raise the rate of the dinar, leaving all currency at face value. (This would be like moving the rate from 0.00086 to 0.86 ie remove the zeros from the decimal value of the rate not the currency note itself.) BTW the official rate of the dinar has not changed but for a while now people are saying the unofficial rate and what's happening in country is that the rate has changed to 0.001. (There has been the official and unofficial currency rates for years) This would be in line with what is believed to be the steps needed to complete the Remove the Zero's Project.

CID1990 · Post by **CID1990** » Thu Apr 13, 2017 9:25 am

VictorG wrote:
CID1990 wrote:The fight for Mosul and northern Iraq is less about oil and more about reunification of the country-

The northern provinces have some oil, but the lion's share of Iraq's oil is in the Kirkuk fields and down around Basra on the Kuwaiti border.

In other news... the growing organization in the banking industry is encouraging. I picked up a couple thousand dollars in Iraqi dinars when I was in Rustimiyah in 2004. It is still sitting at 0.00086 to the dollar but if they get their sh1t in a pile over there that bodes well

Sent from my iPhone using Tapatalk
Absolutely correct!!!!!

The Kurds are and have been threatening to separate for years unless article 140 (contains the HCL or Hydro Carbon Law if I'm not mistaken) of the Iraq constitution is implemented. Latest I have read on that topic is that all sides have agreed and article 140 will be implemented when Mosul is liberated. I also believe the Kurds want to annex some of the territory that Saddam Hussein took from their region. There is a large resettlement project going on where Kurds who were removed from the region by Saddam Hussein are being allowed to return and reclaim their property. At a point in time a census will be taken and if the percentage of Kurds living in the area has returned to be the majority, the area will return to Kurdish control.

I mentioned monetary reform earlier. It contains a currency project called "Delete the Zero's" which officially is on hold until the security situation improves and a big part of that is Mosul being Liberated. I read late last year where the GOI (Government of Iraq) stated that there would be a significant increase in the value of dinar immediately when Mosul is announced as being liberated. (I do question their meaning of significant though..lol)

Many believe Mosul is a timing mechanism being used to stall monetary reform until other behind the scene tasks are completed. Additionally, Iraq is waiting on distributing lower denominations of currency, 100, 50, 20, 10 and I believe 5 dinar bills as well as coins as part of the "Delete the Zero's Project". It has been stated in their press that the current 3 zero currency will continue to be used for 10 years along side the new lower denominations. It has been well documented in the Iraq media that the intent of the Delete the Zero's Project is to bring the value of the dinar near or equal to the value of the USD.

Hold onto that currency for sure. IMO what is still not 100% known is if Iraq will remove the zero's on the current currency before changing the value, (which would mean a 25,000 dinar note would effectively become a 25 dinar note) and then follow that with an increase in the value of the dinar to a 1 to 1 basis with the USD or if they will release the lower denominations and raise the rate of the dinar, leaving all currency at face value. (This would be like moving the rate from 0.00086 to 0.86 ie remove the zeros from the decimal value of the rate not the currency note itself.) BTW the official rate of the dinar has not changed but for a while now people are saying the unofficial rate and what's happening in country is that the rate has changed to 0.001. (There has been the official and unofficial currency rates for years) This would be in line with what is believed to be the steps needed to complete the Remove the Zero's Project.

of course i would prefer the second option

Also - IDs can currently only be exchanged in Iraq. I have a Kurdish acquaintance in Irbil but I'd much prefer to exchange them one day at my bank

Sent from my iPhone using Tapatalk

VictorG · Post by **VictorG** » Thu Apr 13, 2017 9:49 am

CID1990 wrote:[

of course i would prefer the second option

Also - IDs can currently only be exchanged in Iraq. I have a Kurdish acquaintance in Irbil but I'd much prefer to exchange them one day at my bank

Sent from my iPhone using Tapatalk

Chase Bank started selling dinar either early this year or late last year. I have heard peple report others do as well but I have not seen any proof. I'm not sure if they will exchange now or not.

There are currency dealers on line that will exchange now. Highly discounted rate though......

I wouldn't worry about exchanging if/when the rate changes significantly. It will be treated like any other currency and you will have lots of choices.....IMO the biggest knock against the Iraq currency as far as using it internationally is that Iraq is still under some measure of Chatper VII restrictions as set by the UN. Numerous reports and statements from the Iraq government claim they will be completely out of Chapter VII within a few weeks. Also, many, many US banks are setting up for and expanding their capabilities for handling foreign currencies. This has been going on for a couple years.

As a side note, MasterCard currency converter now has the Iraq IQD. (MasterCard is used by the Iraq government to pay their citizens/employees.) This is a recent change and I believe Bloomberg does as well.

https://www.mastercard.us/content/mccom ... ency.html/

CID1990 · Post by **CID1990** » Thu Apr 13, 2017 9:54 am

VictorG wrote:
CID1990 wrote:[

of course i would prefer the second option

Also - IDs can currently only be exchanged in Iraq. I have a Kurdish acquaintance in Irbil but I'd much prefer to exchange them one day at my bank

Sent from my iPhone using Tapatalk
Chase Bank started selling dinar either early this year or late last year. I have heard peple report others do as well but I have not seen any proof. I'm not sure if they will exchange now or not.

There are currency dealers on line that will exchange now. Highly discounted rate though......

I wouldn't worry about exchanging if/when the rate changes significantly. It will be treated like any other currency and you will have lots of choices.....IMO the biggest knock against the Iraq currency as far as using it internationally is that Iraq is still under some measure of Chatper VII restrictions as set by the UN. Numerous reports and statements from the Iraq government claim they will be completely out of Chapter VII within a few weeks. Also, many, many US banks are setting up for and expanding their capabilities for handling foreign currencies. This has been going on for a couple years.

As a side note, MasterCard currency converter now has the Iraq IQD. (MasterCard is used by the Iraq government to pay their citizens/employees.) This is a recent change and I believe Bloomberg does as well.

https://www.mastercard.us/content/mccom ... ency.html/

If I wind up making a couple thousand bucks I'd be tickled. I picked up the cash really on a whim.

But if it gets to 50 cents on the dollar I'll be a millionaire

That said, there would be a run on it if that happened

VictorG · Post by **VictorG** » Sun Apr 16, 2017 9:06 am

Even I don't believe it's been the last 4 days as translations are sometime difficult but lots of progress has clearly been made. Additionally, they may be including some surrounding towns that have been retaken in the last week or so not just Mosul.

Army: 2900 IS members killed in Mosul in 4 days
by Mohamed Mostafa Apr 16, 2017, 9:18 am

Mosul (IraqiNews.com) The Iraqi army said Sunday 2900 Islamic State members were killed over the past few days in western Mosul as U.S.-backed operations continue to clear the remaining districts of the region from militants.
Sabah al-Noaman, spokesperson of the army’s elite Counter-Terrorism Service, said the announced “preliminary” toll was the result of fierce encounters between the group and Iraqi forces over the past four days at the Tenek and Abar districts, both recaptured recently by the government troops.
Iraqi government forces recaptured eastern Mosul in January, and started a new offensive in February to retake the west. The Iraqi Joint Operations Command said Thursday its forces had recaptured 60% of the western flank of Mosul from Islamic State militants.
Late March, the international coalition estimated the number of Islamic State fighters in western Mosul by at least 1000.
Battles are currently most intense around Mosul’s densely populated and narrowly structured Old City district, where police forces cautiously approach the grand mosque where IS supreme leader Abu Bakr al-Baghdadi declared the establishment of the group’s rule. While admitting that battles in the western side of Mosul proved more difficult that those in the east, Iraqi and coalition commanders said IS’s influence was receding as many top leaders were either counted dead or tracked escaping the battlefield.

http://www.iraqinews.com/iraq-war/army- ... ul-4-days/

houndawg · Post by **houndawg** » Sun Apr 16, 2017 9:42 am

VictorG wrote:
89Hen wrote: That is a good thing.
I agree as well......In Iraq, they are adjusting for that fact plus lower prices for the oil by diversifying their economy and there is also a lot of talk about starting industries that use oil in products and exporting those products......That would remain a huge market....

We shouldn't be buying oil from them we should be selling them food.

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