Wednesday, February 21, 2018


Kaperoni: Iraq Dinar, Iraqi Banks, Iraqi Stock Exchange (ISX) News > Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra

19/2/2018 BAGHDAD / NRT

Dollar exchange rates recorded, Monday, stock exchanges rose in Baghdad and Erbil, and stable in Basra Stock Exchange in front of the dinar in trading foreign currency market in Iraq.

​Baghdad Stock Exchange
Selling price of $ 100 = 122.100 dinars
purchase $ 100 = 123,000 dinars price

Erbil Stock Exchange
selling price of $ 100 = 122.900 dinars
purchase $ 100 = 123.050 dinars price

Basra Stock Exchange
selling price of $ 100 = 122.750 dinars
purchase price of $ 100 = 123.500 dinars


Kaperoni: 1221 to $1

Kaperoni: I believe the 2% goal is 1213 to $1 (1184 + 6 dinar CBI commission =1190 x .02 = 1213)

wn: Thanks Kap.

kw: I will take the spread because of te week dollar andy way I can get it at this point. The up side is this has been stedy for almost 3 weeks now.

justwaiting: Just a curiosity question Kap. Are you adding commission to be safe (imf 2% spread) or?? good move to cover ~ did not think t o compute as such. I was still on 1184 x 1.02 = 1208. Like the 1213 - Grin!!! Bigun TY!

 I too like the 1213, but I'm pretty sure that it should be 1204 !

justwaiting: well, CBI is 1184 now, that could be the difference (from earlier , 1180 & 1182) possibly. Any way, keep moving down ~ and when get there STAY THERE for the REQUIRED TIME hahaha. oh man, ! ! for us all! PS - those / these figures do NOT include commission ~~

Kaperoni: I believe I read once in the CBI docs they allow for the CBI commission. In any case, if they get to around 1213 they will call it compliance. The question then is will they wait the full 90 days?


 Iraq Government News >Cabinet announces key recommendations to ensure a sound investment climate in Iraq

Monday 19 February 2018 | 13:51 BAGHDAD / .. approved the Council of Ministers, on Monday, the key recommendations to ensure a sound investment climate in Iraq that are implemented according to the law.

The recommendations include, according to the statement of the General Secretariat of the Council of Ministers received "appointed Iraq News" full investment life cycle, a strategic vision, attracting investment, and enter the investment and its establishment, investment promotion and expansion, links and indirect effects.

Under the main recommendations of the President, to develop an operating system of special economic zones in Iraq, and the development of guidelines for the statement of national investment policy, and enable the economic reforms provide technical support to the Higher Committee for the implementation of the agreed investment reforms, and to provide technical support to the Commission for the premiership projects proposed investment plan Basra province to implement the investment reform action plan for Basra, and a review of the requirements for obtaining entry and propose an action plan to simplify the issuance of visas and the establishment of a visa category of investor and clear procedures for visa.

​The statement added, " The recommendations contain the development of measures to increase access to information and opportunities for private sector participation in government tenders, and the provision of technical assistance and funding to the private sector to enable it to respond to government tenders, and to encourage and facilitate arrangements for companies between Iraqi companies and their foreign counterparts, and the liquidation of financial arrears to the private sector . finished 1


wn: Special economic zones is how China opened up to the world so quickly. It was amazing to watch happen. Mexico also did this when NAFTA got passed. This could be the way to get things started if they can back it up with a good plan.


Kaperoni: Iraq General News > Iranian currency reeling after it lost a quarter of its value in six months .. Iranian anger is coming

February 17 2018 15:03

The collapse of the Iranian currency as a result of the policies of the mullahs Ibrahim al-Obeidi

Observers: the mullahs to continue his way aggressive push to the complete collapse of the currency within a year

Exacerbate Iran 's isolation erases a quarter of the value of its currency in six months there is no hope there will be light front mullahs in light continuing aggressive policies.

He's trying to convince himself, but he would pay harsh of his life under the continuation of the terrorist in the same way that followed.

Thus, observers agreed on what exposed "Iranian currency" of the deterioration ataxia great over the past six months.

They pointed out that the Iranian anger will not be delayed too long, Iranians arrived to the end of the day, there is no longer necessary to blast in the face.

In fact, the Central Bank of Iran flops in a desperate and harsh measures to halt the decline in the riyal against foreign currencies such as the dollar, at a time when political leaders have resorted to threats and accusations, especially Washington's pressure on European banks do not even work with Tehran.

Lost Iranian rial more than 25% of its value against the dollar over the past six months, fell to more than 48 thousand riyals to the dollar late last week, with fading hopes for a boom in foreign investment following the threat of US President, Donald Trump, continuing an end to the nuclear deal with Iran .

The central bank announced the indulgence in the ceiling of interest rates imposed last September on the benefits of funds, so as to encourage depositors to keep their money riyal instead of buying other currencies and the smuggling of funds abroad.

The flight of funds abroad

The traders wave amplitude of money to escape abroad, because of fear of losing their value, especially the Iraqi funds deposited in Iran by Iraqi traders and corrupt officials.

The Iranian central bank will allow measures for banks in the next two weeks to give the benefit of up to 20% on deposits installed for a year compared to 15% previously, according to the confirmation of the media.
The central bank also took further action to stop the growing demand for the dollar, as displayed in the recent sale of gold coins at "attractive."

Iran's government newspaper said authorities also closed bank accounts belonging to about 775 people considered to be "stirring up turmoil in the" local exchange markets after it said they deliberated on the market is equivalent to about 200 trillion rials, more than $ 4 billion.

Close exchange offices

These steps come after police shut down ten exchange offices last week and arrested about 100 ATMs, state television broadcast images of a campaign of raids.

He was quoted by local newspapers about the governor of the Central Bank, Crown God, Saif, as saying: "The financial authorities were able to identify the speculators in the foreign exchange market, and we will use all means to get out of this situation and restore calm to the market."

The dollar was equal to 10 thousand riyals in 2010, but the tightening of US and European sanctions imposed on Iran over its nuclear program as of the end of 2011 led to a decline in the Iranian currency.

For his part, Iranian Vice President Mohammad Baqer Noboukt (indicated is also responsible for budget and planning) -ofaqa report newspaper Arabs to the existence of major problems facing the financial balances as well as cash reserves of the country, adding that "some countries-such as India and China set conditions receive whereby part of the oil revenue is in the form of goods from these countries in the swap agreement. "

Noboukt added that "the basic problem is the heavy climate created by the United States and European banks, which do not dare to work with us."

Observers for "predicted Baghdad Post " that the growing American pressure and international on the mullahs during the coming period, which will lead to further ataxia currency and more Takbtha,

which is reflected in the end of the Iranian people who came uprising last December 2017 as a sign glowing red mullahs not to continue in this way, it should pay attention to be "Iran first", and do not need to spend money on Iran militias or go to Hezbollah and the Houthis and others.

It's heavy tax paid by the mullahs and will continue under the survival of his terrorism.


Punisher: Poor Iran....I feel sorry for them (Not!).

Terry: Well, at least they still have the 150 bill $$$ that o gave them. Smile

Kaperoni: and they are good counterfeiters

wn: The Moolas probably invested is Swiss Francs way before they screwed up the currency value.

anya: The frozen funds were returned (not "gven") to Iran in excange for limiting its nuclear program. And it was $100 billion, not $150 billion. 

Mike: I love it, hopefully the Iranian people know why their lives are deteriorating, the govenrment gives money to the Houthi's, Hezbollah, Syria and other Shia proxy states and starves their own people of the simple things in life like food and financial security. I hope the US turns up the pressure on these bottom feeders.

Terry: The Iranian people need a revolution. Time for the goat loving mullahs to go.

TrixieDinar: The LA Times, Time, NYT, and others news outlets have a different story. The money was owed to Iran since 1979, originally 400 million:and paid with interest thru a court mandate:


Terry: I concede after researching that many news sources say it was 100 bil. The point being was that also news sources are saying that a significant portion of the money has gone to fund terrorist organization like Hezbollah. Also many in the know say it was the stupidest (Iran nuclear deal) deal in the history of mankind of which I agree.

kw: According to politifact it was 2 billion:

Handel’s staff pointed to a March 17, 2016, letter from the U.S. State Department saying Iran had received about $1.7 billion as part of the nuclear agreement. The money was legally due to Iran. The country had paid America for military equipment in 1979, but then the Iranian revolution came and the hardware was never delivered.

In August 2016, many news organizations reported the delivery of $400 million of that $1.7 billion in cash. As part of that exchange, an unmarked cargo plane delivered the money after American officials were certain that three Americans held in Iran were on their way home. even the LA times reported 1.7 billion. 

kw: Agreed mike, I have been watching the recent protests in Iran and have good friends from there, and they are saying the same thing. Their is a move to bring the Shaw’s son back and get rid of the religious stronghold on the country.

Punisher: That is great to know Kw! Thanks. These bastards are gonna get what has been coming to them! Glad the citizens have had enough!

TrixieDinar: KW, the article I included stated the original amount for the arms sales was 400 million and with paid interest on that amount, the total came to 1.7 billion, so we are in the same ballpark. Thanks!


Leroy: Doctor Clarke, Read it for the second time. I don't consider your last bit of information as a post. Sorry, don't want to offend you. I would classify it as a BOOK!

A classic at that. I checked the table of contents not once but twice and still didn't find the chapter as to 'How to tick off the rate GODS"! I mean look at the book you covered everyone, the believers, the encouraged, the discouraged, NEGATIVE NELLIES, new comers, old goats, older goats older than dirt, the meek, and the tried and true veterans of this investment, but not the rate GODS!

So if you write a second book or even a short memoir, it would best not to ignore those RATE GODS! I have heard that they can get really nasty if they get pissed! So again THANKS for the insight and A real hearty DILLY DILLY to ALL!

​Doc,Something else has jumped in to micro mind. I would love to have you include it in your Memoir of your Classic Book released yesterday.

I have asked this in the past but I will bring it up again since you have made note of it. You said that millions are invested in the Dinar. You seem well connected or a good storyteller, I prefer to believe connected. How many U.S. citizens do you feel are invested in this and how to what amount of total investment do you think people are.

I am sure the IRS have an idea and as you implied, know who you are after seizing the records of the 3 main dealers of the Dinar. Also something else popped in my mind, if they know who has larger portions of this investment, are they going to target those?

Government when they get too big (like they are) seems to try to keep thumb on you. Just would like another suggestion for a chapter in your next book. Thanks for any new and illogical factual only, information.

DR. CLARKE (2-20-18): OK Leroy, Let's look at the RATES.

This is the way we "SEE" things.
It's pretty Simple.
Let's look at the "FACTS". FACTS, not Rumor. Not Hype. Not B.S. Not somebody's "Whatever".
Let's Get sober for just a minute here.

"IL-LOGICAL" Example:

IRAQ in the 1990's Pre-War, the U.S. exchange rate was $3.00 plus.

On average, over the past few years, you could exchange 1 Million Dinar at around $1,000 avg.

What happens with Oil-Rich - Iraq, 15 yrs. later, given today's parameters, World economy & RELATIONSHIP WITH THE U.S.?

At $3.00, your $1,000, suddenly exchanges for $3,000,000.

VIETNAM in the late 1960's Pre-War, the U.S. exchange rate was $2.00 plus.

On average, over the past few years, you could exchange 1 Million Dong, at around $50 avg.

What happens with TOP 10 Worldwide Growth Economy - Vietnam, 50 yrs. later, given today's parameters, World economy & RELATIONSHIP WITH THE U.S.?

At $2.00 your $50, suddenly exchanges for $2,000,000.


“NOBODY KNOWS FOR SURE, WHAT THE RATES WILL COME OUT AT, INITIALLY - NOBODY”…….except the person sitting in front of the Computer Screen, at the time of Entry, the time of CHANGE, and the Person giving them the information to Input, based on the Committee’s Final Rate Decisions.

We could Care Less, about ANY other currencies.
WHY have you exchanged them?
Just because somebody TOLD YOU to, and everyone else was jumping on some Emotional Bandwagon, based on Rumor?
Did you research the FACTS, at ALL?

For instance, we told you about the ridiculousness, of the Iranian Rial over a 1 1/2 years ago. It's SERIOUSLY dropped in value since, and is continuing a massive downslide in value…..WHY? Because it's IRAN.
Why even bother? You'll probably be Dead & gone, before this stuff has any value, whatsoever - and that's if they even keep it.
Look at WHAT & WHO, you’re dealing with!
Wake Up.

We consider ALL these other currencies, way way TOO BIG of a "Gamble", "Too Risky", “Too Questionable”, ”Too Long-Shot", "Bad Government Histories", "Bad Government Economics", "Bad Debt Problems", "Bad Reputation Problems", "Bad World Trade Prospects" etc., given the "FACTS".

Yes, you can Roll the Dice, and perhaps "Get Lucky"......but we just don't operate that way, based on “Way Way Too Much Risk” - especially in Today's Worldwide Economic Climate.

Are we recommending you go out and exchange for more currency? NO. Not at all. We don't deal, exchange, sell or whatever, any currency, or have anything to do with it, or anyone who does. We could care less, except that it's just a trade instrument, necessary to transact business today.

In FACT, we don’t SELL ANYTHING, to Anybody.
(Oh, and please keep your Day Job & CYA, until maybe it's TIME.)


HOWEVER, you'd better be careful Where & Who you buy it from, because there's TONS of it, that's counterfeit. FAKE. That's why, if you can, always exchange it from a LEGAL BANK or Registered, Certified Source, that's well documented, with your Receipts and legitimate paper trail.

There are going to be LOTS of people on exchange day, that will have a BIG Wake-Up call, when they find out their currency, especially lots of Dinar - is FAKE....because they haphazardly exchanged it with a questionable source (Some so-called Dealers on the Internet) - just to quickly jump on the bandwagon, because somebody told them to.

Now don't go asking us all these questions about who's currency is legit and who's isn't, because we won't answer. It's too late, so you'll just have to wait and find out what happens. However, there are several ways to check it, if you've been paying attention. Take on your own Responsibility and do the Work. Nobody’s going to do it for you.

And yes, as far as we know, Sterling's currencies were "Legit".....as far as we know. Can't guarantee it, but that's what we believe to be true, because we’ve personally checked some of it. All the rest? Questionable. Who knows?

Before too much longer, you’re going to find out for sure.

You want to Long-Term Save, what you Get - or what you Got?

What's this mean? SPEAD IT OUT over MANY places. MANY.

However, there is NO 100% Safe Haven, for anything!

What WE like as our Basic List:

- Some Banks (very little), unless STRONG additional 3rd party insurance.

- Credit Unions (Only Very Old, Very Strong ones)

- Investment Houses - Like Blackrock, Vanguard, Fidelity, Schwab, Merrill Lynch etc. - for example, because of the high levels of diversified insurance coverage, but there are others.
- Gold, Silver, Oil, Gas

- Cryptocurrencies (very cautiously)

- Cash

- Land

- Business (very selectively)

- Of course, there are many more.


As we've said Many times, we're not Legal, Professional Financial, Tax, or "Anything Else" Advisors, and don't want to be. Find those Professionals Face-to-Face, and get it done RIGHT.

NO shortcuts. Spend the money, and get it done RIGHT, Lock Solid, Professional.


We're just HERE, Intending to "ASSIST THE PEOPLE", with our Viewpoints.......Opinions, if you will, for those that are still stuck on that famous word.
That's ALL.

At the End of the Day, YOU and YOU alone, are 100% RESPONSIBLE, for ALL your Choices in Life. Nobody Else.

Great Question Leroy.

Dr. Clarke

Recaps Note: The PS was inadvertantely left off:

P.S. It’s getting “REAL-ER” & CHANGING by the Hour.

When it comes to TAXES, for God's Sake, get ALL YOUR FACTS from the IRS or Your Designated Country's Official Tax System DIRECTLY, seen or given in WRITING directly from the Up-To-Date Source, as shown to you, READ BY YOU, Validated & Confirmed by a Licensed Professional, such as a Licensed CPA TAX PROFESSIONAL, when you make ALL YOUR DECISIONS.


Tuesday, February 20, 2018


2-20-2018   Newshound/Intel Guru BGG 
1) Fewer aucti
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.  Hence, the price goes up.

2-20-2018   Newshound/Intel Guru BGG
   Article:  "Central Bank of Iraq Auctions $189,834,222 on 20 February 2018"   ...After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S...one of the main reasons I got was the fewer and fewer auctions. Wait – what?!?  They are still having fairly robust auctions.  So, obviously, that’s not true...so what is it?  Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.  I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney.   So…

2-20-2018  Newshound Guru Don961   I don't believe "After elections" has anything to do with timing of monetary reforms...just that elections come up in less than 3 months and fall into this time mentioned...it may just take that long to set everything up...to everyone's satisfaction...  I would think an RI would go a long way to satisfying investors in the new process...as we have been told 1st hand was discussed heavily at the conference...  I would think high transparency is in order...no matter how much they kick and scream about "interfering in Iraq's affairs" ...because of their history ( Maliki and others )...they have to prove themselves trustworthy.  [post 2 of 2]

2-20-2018  Newshound Guru Don961  Article:  "Abadi vowed to overthrow the corrupt .. These laws will protect investors"     imo...the article and Abadi is stating they are getting the high commission in place to follow up on any possible corruption... reducing/removing bureaucracy...and the next few months will show the results of what they have in place...to assure potential investors that their money will be safe...and used only for its intended purposes...  [post 1 of 2....stay tuned]

2-20-2018   Intel Guru Dr. Clarke    We still Love, FEBRUARY ...TONS, can happen in just ONE DAY. TONS...and MAJOR things are happening right now, QUICKLY.   ...“WE’RE STILL very Bullish on FEBRUARY, even if it takes to the very last day of this month. We just learned this morning, that this is still VERY MUCH THE CASE.  What we’re talking about, is the START, to this Foreign Currency Exchange “PROCESS”, PUBLICLY - as we said last week. This “Process”, is a PUBLIC START, to Exchange, which we expect to START BEFORE FEBRUARY ends, and will MOST DEFINITELY LEAK INTO THE MONTH OF MARCH…..AND into APRIL. It’s a “Process”.  It can START, ANY DAY Now, this month...YOU WANT GUARANTEES?  “THERE ARE NO GUARANTEES IN LIFE”.  Grow Up.   [post 3 of 3]
Get caught up on last night's updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec sec...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list.  Click here to get on the list now.
2-19-2018   Intel Guru Dr. Clarke    ADD TO THIS, the amount of CURRENCY THE U.S. HOLDS FROM IRAQ - (Estimated at least 4 TRILLION) - AND the amount of CURRENCY THE U.S. HOLDS FROM VIETNAM - (estimated at least 18 TRILLION - unconfirmed rough estimate) - WHY Iraq & Vietnam? WAR & WAR!  This all spells a BIG INCENTIVE IN BIG MONEY, to hurry up and get a SUBSTANTIAL RATE VALUE INCREASE DONE, not only in IRAQ, but with VIETNAM, and a handful of others, to Stabilize, Balance & INCREASE World Trade mechanisms, which continue to be out of Balance.   [post 2 of 3....stay tuned]

2-19-2018   Intel Guru Dr. Clarke   YOU HAVE TO UNDERSTAND SOMETHING. O - I - L controls the World.  ...It controls the World, because it’s the LARGEST REVENUE GENERATOR, on the Planet...AND it exerts the LARGEST CONTROL FACTOR, over ANY COUNTRY.  ...AND...OIL CONTROLS & FUNDS ALL OF YOUR INVESTMENT.   PERIOD People say, “Follow the Money”. We say NO! Follow the OIL.  So, NOW there is an ASSURANCE of a Steady Flow of BIG OIL revenue, from Primarily IRAQ, and that is NOW IN PLACE, WHICH WASN’T THE CASE BACK IN JUNE 2017...   [post 1 of 3....stay tuned]

2-19-2018   Newshound Guru Kaperoni   Article:  "Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra"   1221 to $1.  I believe the 2% goal is 1213 to $1  (1184 + 6 dinar CBI commission =1190 x .02 = 1213)


IQD News Update (RANT# 91)


Iraq prime minister promises corruption crackdown, says laws will protect nervous foreign investors
More than six months after Iraq’s leadership proclaimed the defeat of ISIS on Iraqi territory, the country is on a path to rebuild and has seen promising signs of international investment for its reconstruction.
“We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher committee which is headed by the prime minister and it has a follow up team to make sure to remove blocks as they are there because of the bureaucracy,” Al-Abadi said.

Al-Abadi appeared confident, despite the significant challenges ahead.
“I think now that the process of engaging investors in Iraq, I am sure in the next few months will be the foundation of this. We’ve already appointed a committee. Next month is going to be a meeting with major investors to follow up … And I hope that after the election they’ll immediately start.”
Article Credit: CNBC.com (Special Thanks to Vernell Washington)
Read Full Article Here:
BGG ~ In all fairness, I should note a word of caution, though this is reasonably “mainstream”, it feels like an “overly rosy” report. Best case, this is not as I have reported these events. Sounds a lot like “pre-election” rhetoric to me.

Central Bank of Iraq Auctions $190,127,818 on 19 February 2018
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 19 registered $190,127,818 in sales, a -2.46% volume decline from the US $194,932,241 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 18.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 19 compared to the previous auction.
Data for the February 19 auction was made public by CBI Announcement Number 3638.

Read More: http://www.dinarupdates.com/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224
BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.
So, obviously, that’s not true… so what is it?
Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.
I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.
Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.
1) Fewer auctions?
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.

Hence, the price goes up.


The Commission on Reconciliation, Accountability and Justice in the House of Representatives, that next week will see the announcement of the names of about 5,000 people included in the seizure of funds.

The head of the committee Hisham al-Suhail told the news agency, “The Supreme Commission for Accountability and Justice ended the names of all those involved in the seizure of funds,” noting that there is some delay from the Secretariat General of the Council of Ministers not to form a special committee, calling for the urgency of issuing instructions and the formation of the Committee through an approach The competent ministries shall designate the general directors who shall form the committee.

Read More: http://www.dinarupdates.com/showthread.php?56297-Announce-the-names-of-5-000-people-included-in-the-seizure-of-funds-this-week&p=181258#post181258

(Special thanks to Vernell)

BGG ~ Funny how that works… about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.

According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.

P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…   It is critical to Iraq’s long term success to get a handle on the endemic corruption.
Iraq receives nearly $ 11 billion from Arab and foreign countries for reconstruction

Baghdad Mawazine News – Iraq received nearly 11 billion dollars from Arab and foreign countries during the Kuwait International Conference for the Reconstruction of Iraq.

Saudi Arabia’s foreign minister, Adel al-Jubeir, said that “the kingdom has allocated $ 1.5 billion for reconstruction projects in Iraq and the financing of Saudi exports to it.”

The Amir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, announced at the Kuwait International Conference for the Reconstruction of Iraq, on Wednesday, that his country will allocate $ 2 billion in accordance with the mechanism of Kuwait Fund for the reconstruction of Iraq and encourage investment in it.

Read More: http://www.dinarupdates.com/showthread.php?56263-Iraq-receives-nearly-11-billion-from-Arab-and-foreign-countries-for-reconstruction

BGG ~ I keep hearing the complaints about Iraq getting all kinds of “welfare” as though they are living on these “pending grants” and IMF loans (instead of revaluing their currency).

I would be careful in assuming this is the situation or that any of this is any kind of “hold-up” to economic and monetary reform. I doubt so very much. 
​Everyone (as in – the investors and countries) wants to get close, be in on the beginning, but not so much so that they are just giving “hand-outs” with nothing in return. Iraq has to do their part. I get a little bit of the sense Iraq is kind of getting the cart before the horse with this latest conference.

It has long been speculated (and openly reported by Iraqi economists) Iraq would be hit with a “wall” of investment capitol when they truly started economic, monetary and governance reforms. However, it does not appear to me we are quite to this point yet. Everyone wants in – Iraq just don’t have the temperature quite right yet.

Keep in mind… these are “allocations”, “pledges” and “financing” and “projected exports” for projects. Basically these are all “feel good, sweet nothings” at a conference.

Next Monday we’ll see what’s what. Thus far they are well short of the 100 billion in give-aways (and grants) they were asking for.

On the other hand – why should they be given anything (for free)? If they would just pass corruption law(s) currently caught up in their Parliament’s legislative log-jam and then enforce them, their state treasury will swell by an estimated 500 billion (as they have plainly reported).

No need for anything from anyone.

Further, it is my opinion, Iraq should be held to account for (that means – PAY FOR) the military and humanitarian aid tab they’ve run up over the last few years.