THE DINAR OBSERVER DAILY Sept 19th

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BGG - We are in great shape with this investment. At some point in the near future they will get these short term issues worked out and get about the business of currency reform. Abadi is rapidly unraveling the Maliki dictatorship (there numerous articles to prove it) – this will include the IQD. It is as I have said all along.
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Kaperoni   [If the CBI said they were going to create new 25k notes I would be real interested in how long the old notes were going to be accepted.]  The CBI has stated in several articles during this notification of exchange of notes they do not expire. Which is similar to what we have here in the US.  If you took an old $20 or $100 to a store, it would gladly be accepted no matter how old it is as long as it’s in usable shape and is real. It’s legal tender. I would not expect any timelines until several years after they have transitioned away from 3 zero notes.  Remember the currency of Iraq is the IQD.
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Tune in for our Round Table Chat w/Millionday @ 1:00PM EST – today (9/19) in the DU Chat Room!!

Read More: http://www.dinarupdates.com/
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Stryker - we will experience a few more setbacks before the CBI will be ready to pull the Monetary Reform Button because the political situation must be right and until then things like the budget will not get passed.   It will happen though but not until the Kurds get all their demands completed, ministers get sworn in and the Kurds start voting in the parliament process.  The deal seems to be completed on their oil agreement, close on Article 140 and the rest will follow nicelyRemember that Rome wasn’t built in a day and neither will Iraq.

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Poppy3 - i could care less who the new ministers are or how they get the position I AM CONCERNED ABOUT INTERNATIONAL LAWS ON BANKING AND CBI GOING LIVE WITH A REAL RATE. I WANT TO SEE ALL THE BANKING LAWS PASSED AND IMPLEMENTED.  
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EXOGEN - UNSC meeting …John Kerry presiding… Jafaari is present at this meeting too…THIS MEETING IS THE GAME CHANGER!   EVERY DELAY AND MANUFACTURED EXCUSE IS BEING EXTERMINATED BY THE WORLD…AT THIS MEETING… IRAQ OFFICIALLY HAS THE FULL SUPPORT OF PLANET EARTH!  [once they know they have international support looks like this could be the trigger.]  THIS IS THE TRIGGER MECHANISM!!  THE WORLD SAYING LETS GO ALL AT 1 TIME!!  FULL SANTA SUIT ALERT NOW!!

Quote:  “Foreign Minister John Kerry in the UN Security Council meeting  “Iraq will return to the international community after that remained isolated for a long time and we’re going to fully integrate into the family...”  return to the international community…fully integrate into the family.  [wh (White House) press sec has just stated  Iraq has  a unified government.]  yep.  DONE.  FINISHED.  COMPLETED.  [where you are between 1 to 10 now?]   12.

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Aggiedad77 - feeling…real excitement…for the IQD…the CBI….the GOI…they understand who is calling the shots...they listen…they advance…something we haven’t seen from the previous corrupt government…they look to be learning from past mistakes…that is how one “perfects” a process….a MR [Monetary Reform] process.
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Kaperoni - Article: “Financial Expert: Subtract category 10 thousand new security precaution and to re-structure the expectations of the Iraqi currency“  if the CBI’s intent is to replace the existing notes with new (more secure) undated versions, there is no RV, float or any other change in value coming for at least a while (at least months).   It would make no sense to replace these notes if they expected to introduce new lower denominations in the near future. In fact, the CBI has stated the replacement process will continue through the end of this year.  That tells me…nothing is happening with the exchange rate in 2014!   First and foremost the CBI is trying to strengthen the monetary policy (get citizens to use dinar, conform to IMF guidelines, build the banking system, reduce corruption, etc.) and then, once the GOI is formed, laws are passed and security is somewhat stable (ISIL delt with) i expect the CBI to transition to Article VIII and a new Exchange Regime which will begin to raise the value and solve the banking and monetary problems that exist….not to mention create the environment for a successful transition to a market economy.

 Iraq does nothing fast despite the outcries from everyone in the media to do so. The good news is it seems that all the experts in Iraq “get it” and what they are saying is what we want to occur. It is so frustrating for sure..because we all know what they could have and they are so far behind schedule…but, we just need to wait it out.  Let me give you my personal view…replacement of the 10k is critical since it was the most counterfeited note in the series. In this replacement, they strengthen the banking system, the currency in use and prevent additional fraud. This is necessary before they open the banking system to the world and enter Article VIII. Can you just imagine if they did nothing and the original 10,000 is easily copied and counterfeited in the marketplace? It could potentially cause sever damage to the Iraqi economy. IMO this is good news…
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Tman23 - Article quote:   ”…the next round of political negotiations between the delegation and the Prime Minister Haider Abadi will take place in the next two days, revealing that it will include the number of ministries in the next Government, the Kurds ‘ lines.“  another article proving the government is NOT seated as the Kurds have not yet agreed to participate.
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Commercial Solicitation

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Aggiedad77 - Article:  “Parliamentary Finance declares its readiness to present the draft budget law for 2014 as soon as possible“  The Finance Committee within Parliament has shown a “willingness” to get the 2014 draft budget pushed through Parliament as quickly as possible…again big news from the Parliament…give it to us and we will get it done” they are saying…bold talk from this new Parliament…I’m liking what they are saying here….Parliament is also addressing changes to the Unified Retirement Law (9) for 2014 and will be implementing changes that will be for the good of Iraqi citizens…one MP…made a statement that the draft 2014 budget will reach Parliament on the 10th of October.…but keep your eyes on this…I think it will be sooner…rather than later. 
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Tman23 - Here is some news from an Iraqi… Maliki dissed a few of his SOL members and revenge is being sworn to be served… 2 members filed papers Wednesday with the integrity council and are singing like birds…This all took place after Maliki blocked votes in Parliment on Tuesday… There were reports of an arrest warrant issued for Sharastani… I am told it is not warrants but papers to appear on questioning involving some of Maliki’s deals… I suspect we will see more on this in media after Monday…
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Kaperoni - Article:   “Finance parliamentary likely to issue a new edition class (50) thousand dinars“    …if they issued physical 50k or 100k notes it is not good not only for us as dinar investors, but for Iraq’s own economy.  That is not what they are going to do.  It contradicts everything Iraq needs to do for a transition to a market economy and more importantly integration of the banking system with the world economy.  That is why they won’t.  What they will do is raise the value of the dinar (nominal exchange rate) and introduce notes that gives one “the feeling” of purchasing power equal to issuing a 50k or 100k note.  In other words, they are trying to raise the value as so often stated at or near 1 to $1. 
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Exiled Former Iraqi Vice-President Hashemi to Return to Iraq

Exiled former Iraqi Vice-President Tariq al-Hashemi

Following the peace process between both Shiite and Sunni people in Iraq, the cases of Former Iraqi Finance Minister Rafi al-Issawi, exiled former Iraqi Vice-President Tariq al-Hashemi, Sunni Legislator and Cleric Abdul-Nasser al-Janabi and Sunni MP Mohammed al-Daini could be closed…

Read More: http://dinarupdates.com/blog/
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Poppy3 - [I have been looking for the so called IMF document that states Iraq can support 3.22 plus 20% inflation and can not find any reference to those numbers.]  THAT WAS ON THE IMF WEB SITE IN OCTOBER 2010 IN FULL VIEW… BUT THERE HAVE BEEN MANNY MEETINGS SINCE THEN SO THE RATE COULD BE MUCH MORE OR MUCH LESS. THAT WAS POSTED FOR 3 DAYS THEN REMOVED.  
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Adam Montana - [...are you still leaning toward a 10cent revaluation or has it moved up or down ...?]  I”m sticking with .10 for now… if I’m wrong and it’s higher, I don’t think anyone will be mad at me.   : )
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Shredd - regarding remaining ministers, I think agreement will be had soon and agree on vitality of having them seating to move forward on fighting terrorism and moving forward on monetary policy change and to have agreement amongst the parties is key, non-sectarian…equally representative.   I’m excited to see new notes being updated too again, fighting corruption…making it harder for terrorists to use and exchange imo.  [think all those security things being done is the prelude for the LD's to show.]  totally agree, part of three zeros plan… LD’s will be useless without a strong rate.
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home7

Iraqi Dinar/Dollar auction 09-18-14

Currency Auctions Announcement No. (2774)

This daily currency auction was held in the Central Bank of Iraq on the 18-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 15
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                189,741,000
Total offers for buying (US$)                            189,741,000

Read More: http://dinarupdates.com/blog/

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Poppy3 - [your sources say anything else?]   THEY STILL SAYING WHEN LAWS ARE COMPLETED AND IMPLEMENTED THEY EXPECT THE RATE ANNOUNCEMENT ASAP AFTERWORDS

[what laws are we looking for besides HCL?]  MANY BANKING LAWS INCLUDING THE INTERNATIONAL BANKING LAWS THAT HAVE TO BE DONE FOR THEM TO BECOME FULL MEMBERS OF THE WTO. ALL THESE LAWS WERE YESTERDAY SAID TO HAVE BEEN PLACED IN ONE BASKET FOR VOTE SO THEY ALL WILL BE PASSED AT ONE VOTE. 
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Adam Montana - [when the GOI printed their post Saddam dinar (the currency that we all here are holding) was it THEIR game plan to RV or was that the thought that we investors  had dreamed up?  I remember when George W. made the announcement that the U.S. was going to invade, he did say that this invasion would not cost the U.S. taxpayer anything.  So, I thought that (when I first invested in the IQD) that it was the U.S.'s intent to have a lot of these new Dinar to cover the price of the invasion. If so, WHAT WENT WRONG?  And is that where we are now?]    I don’t necessarily think anything went “wrong”, it’s just taken a while to get everything in place. We’ve seen the IQD more than double in value since 2003, we’ve seen Iraqis form a government, we’ve seen the Iraqi people voting (remember the first time we saw the purple ink on the fingers of voters?), we’ve seen a LOT of progress… and we continue to see that.  There was no way the IQD could have gone up dramatically and been stable any time before 2010… but the progress they’ve made is undeniable, and if it’s going to happen – we are close.
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TD - Comments to share from my Kurdish friend (As always please treat as rumor):  My guy mentioned…this article which actually is a rehashed article BUT has some real muster behind it BECAUSE the NEW 10K note is already being integrated/exchanged and the other (NEW) 5k , 25K and MOST IMPORTANTLY the NEW 50K is COMING!!! These new notes( I’m told) are in final process of production and will be integrated/exchanged during the last quarter of this year.  This has two VERY IMPORTANT IMPLICATIONS : 1) Cutting off ISIS from obtaining the new notes and not able to mass produce counterfeit ones and 2) THIS SHOULD PUT TO REST (for the next two quarters) THAT THERE WILL BE NO RV/RI/RD. 

So… the introduction of these into the marketplace IS/WILL BE PROOF POSITIVE of the GOI and CBI’s monetary policy for the time being (next 6 months at a minimum).   To reiterate my contact indicates that the Finance Committee and the ABADI administration will NOT entertain any other discussions regarding such till sometime toward the end of the first quarter of 2015 and the BIG IF of that timeline IS/WILL BE the handling of the country’s security situation. THIS IS HUGE!

(BGG – My Kurdish banking contacts gave me a very different picture…)
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Iraq Shia bloc wants 2 week delay of security ministers vote.

http://alliraqnews.com/index.php/2011-04-18-02-57-37/148077-2014-09-18-05-59-25.html …

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Tman23 - [u think iraq will pull things together this month or not?]   I’m sticking to 10/7 – 10/9 to see the change in currency rate…Quite frankly I have around 8 solid items that favor this timeline as being best window.
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Kaperoni - Article:  “Erbil and Baghdad Close to Oil Agreement“   I would not go so far to say HCL is about to be done.  HCL is much more than just how to export Kurdistan oil.  None the less, a good step.
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pinocchio-smileyLONG copyDC - Parliament has been meeting, and all the ministers are seated and done.  Cards are loaded, and the rates have changed a little bit.  We understand the numbers may have been adjusted downwards just a little bit in line with earlier budgets.  Those are the numbers with which they are loading some of the cards. Everyone is ready across the world, so I think it looks phenomenally good right now.  Iraq is ready, waiting on CBI to do its stuff, waiting on them to have their procedures all right and tight, and from there it will be 2-15 minutes to go around the world.  We are highly optimistic that this is coming to an end.
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Poppy3 - CALL…FROM GREEN ZONE BUILDING SAYING THEY EXPECT ABADI TO FINISH MINISTERS TOMORROW [THURSDAY]  AND SEVERAL OTHER VOTES TO TAKE PLACE.  ALL SOUNDING GREAT ON THE STREETS…THERE NO ISIS WITHIN 50 MILES OF BAGDAD AND NEVER HAVE BEEN.
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Millionday - TOMORROW THEY WILL BE VOTING IN THE LAST OF THE MINISTERS INTERIOR AND DEFENSE. GREAT NEWS.  NOTE — THEY ARE MOVING FORWARD WITH THE MINISTERS AND ARE ALSO MOVING FORWARD WITH ALL REFORMS AND ARE PREPARED.  SO WE HAVE THE PM AND THE PRESIDENT MEETING TO STATE THAT THEY ARE NOW READY FOR THE REFORMS AND TO MOVE FORWARD WITH THE NEW IRAQ.  WE HAVE THE BUDGET TO BE DONE AT THE END OF THE WEEK AND VOTED THROUGH — THEREFORE THE GOAL OF OPENING THE BUDGET BY OCTOBER 1ST IS REACHABLE. THE BUDGET WILL BE PRINTED IN THE GAZETTE AS LAW — IT WILL BE LAW WHEN IT IS VOTED IN.

THEY HAVE MADE IT CLEAR WITH DOING THE BUDGET FOR THE LAST PART OF THIS YEAR THAT THEY ARE GOING TO STICK TO THEIR AGREEMENTS WITH THE PAYMENTS TO BE MADE TO AGREEMENTS MADE AND ALSO THE KURDS AND CITIZENS.  CBI WILL NOT RELEASE THE FUNDS TO THE PROVINCIAL BANKS OR TO THE GOV WITHOUT A BUDGET IN PLACE.  SO WHAT WE HAVE IS MINISTERS TOMORROW AND BUDGET BY NEXT WEEK…
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Tlar - I concur with everything Randy has said.  I am hearing the exact same information.  Our admin caused this delay by putting the stipulation in that the Security Minister must be assigned to activate the currency change and they got the IMF to go along even though their first response was against it.  In order to fight ISIS there should be a head of the military so it is a defensible move to coerce the Iraqi’s to move on this ministerial position now.  The CBI has made some important moves today that bode well for a currency change.  They are able, ready and willing if the Minister is seated but best of all, they have the desire and the permission to move if he is.  This thing is close. 
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Randy Koonce: “So if we get the Minister of Defense then (by next Tuesday) this investment becomes very very very imminent “that is a pretty big word for me”…
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BGG - [A friend emailed me that cbi is printing new 25k and 50k(?) notes now.....is this true????] It seemed like old info (to me) – have they even formed the new Finance Committee?? I thought they were folding both the Finance and Economic Committees into a new “super-committee”… this just sounds like one of the old committee members saying it could be “likely” in the future… (which I am cautious about). [was thinking the timing was odd...] In which case - (referring to my earlier comment to you) - I WOULD NOT HOLD MY BREATH…(BREATHE!!)
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National Alliance held a meeting this evening to agree on the final candidates for security ministries

Fallujah News / Baghdad … revealed the National Reform Movement, led by the President of the National Alliance, Ibrahim al-Jaafari, the political body of the National Alliance will meet this evening to agree on the final candidates for security ministries…

Read More: http://dinarupdates.com/blog/
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Millionday - [Any news about the budget?]   THE BUDGET HAS NOT BEEN OPENED YET BY WHAT I HAVE IT IS TO OPEN OCT 1ST.
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Poppy3 - IRAQ AND DINAR NEWS ALL AWESOME.   LOOKS LIKE ALL THE BANKING LAWS WILL BE VOTED ON THURSDAY AND THEY AT THIS POINT ARE OUR MAIN FOCUS BECAUSE THEY EFFECT THE ACTIONS ON THE RATE CHANGE PROCESS AND IRAQ BECOMING FULL MEMBERS OF WTO SO THEY CAN TRADE INTERNATIONALLY. ALL THE MINISTER TALK CAN MISLEAD YOU.   THE MINISTERS WILL BE DONE AND IT MATTERS NOT WHO THEY CHOOSE AS FAR AS A RATE ON THE DINAR WE NEED BANKING AND FINANCE LAWS PASSED AND IMPLEMENTED. THIS WILL BE FAST ONCE THEY GET THEM PASSED AND YESTERDAY THEY STATED THEY HAD COMBINED THEM FOR ONE VOTE.
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Kaperoni - Quote:  “Parliament resumes its sessions tomorrow and his agenda without a vote on candidates for the security ministries“  No security ministers tomorrow.

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Erbil and Baghdad Close to Oil Agreement

BasNews, Erbil - The Kurdistan Region and the federal Iraqi government in Baghdad have been engaging in talks regarding oil and are approaching an agreement.

Former Iraqi prime minister Nuri al-Maliki had previously cut off Kurdistan’s budget to show Baghdad’s opposition to the exportation of Kurdish oil. Kurdistan has nonetheless participated in Iraqi’s new cabinet and agreed upon a period of time for the two sides to solve conflicts between them.

According BasNews sources, the agreement is as follows: half Kurdistan’s oil will be exported through the State Organization for Marketing Oil (SOMO) company and the revenues will directly go to Iraq’s central government, however, the other half will be exported throughout Ceyhan Port in Turkey, the revenue from which to come directly to the Kurdistan Region from Turkish HalkBank…

Read More: http://dinarupdates.com/blog/
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Adam Montana - I’ve been saying for a long time that we need to see the HCL completed or see some serious action on it before we could get too excited about Iraq raising the value of their currency… Holy Moly there’s a lot of activity on the HCL right now!  In a nutshell: the HCL is HOT right now.   Barzani (Kurdistan’s top dog) is heading to Baghdad within a week to discuss the HCL.   Now, with all the noise about how the KRG is illegally exporting oil, lawsuits here and shouting there… if this wasn’t going to go through, and if Baghdad REALLY had any way to continue to keep this thing from going through, I highly doubt Barzani would be going to Baghdad.

I’ve been saying for a long time that we need to see the HCL completed or see some serious action on it before we could get too excited about Iraq raising the value of their currency… Holy Moly there’s a lot of activity on the HCL right now!  In a nutshell: the HCL is HOT right now.   Barzani (Kurdistan’s top dog) is heading to Baghdad within a week to discuss the HCL.   Now, with all the noise about how the KRG is illegally exporting oil, lawsuits here and shouting there… if this wasn’t going to go through, and if Baghdad REALLY had any way to continue to keep this thing from going through, I highly doubt Barzani would be going to Baghdad.
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Tman23 - Rafi Al-Issawi in Baghdad hours later, Tariq al-Hashimi in a triple package……This is saying charges dropped and amnesty !!! This has to have Maliki and his cronies embarrassed and worried……..followed up by….the State of law Coalition star Al-Ghanim said in a statement received agency “treasures of the media” copy “we reject the determination of both the Government and the Parliament on the vote on the amnesty law, which includes both ABC and Tariq al-Hashimi said. “This action is not in the interest of the country, especially in this period, Iraq witnessed battles with armed groups in the northern and Western regions.”
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Poppy3 - the basket of changed and renewed laws are there for today and tomorrows meetings to be passed in one group vote …looking very promising to get all complete and release a rate shortly.  
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Tonite – Dinar Talk INFO Call

w/BGG  – from Sept 18th

Click-n-Listen

Smart phone user link – Click here

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BGG - Having had my demeanor recently described as “on a high” – I offer my own input on my current “state of mind”. While I am most heartened by the recent progress Iraq has made and I hear all the same rumors you do, I attempt to look at all the info in an even-handed manner. I am guardedly optimistic is probably a more accurate description of my current outlook.
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Millionday - THEY WANT THE LAWS FOR THE ECONOMIC REFORM VOTED THROUGH IN ONE BASKET AND THE ONES THAT DONT GO WITH THE NEW IRAQ THROWN OUT.  THE CONSTITUTION STATES THAT IRAQ LEADERS WILL BRING THE ECONOMY TO ITS MODERN FORM FOR THE CITIZENS AND THEIR FUTURE (IN SO MANY WORDS). THEY HAVE REVIEWED THE LAWS AND NOW HAVE THEM READY FOR A ONE BASKET VOTE.   THE PURPOSE WAS TO ENSURE THE GREATEST SPEED POSSIBLE TO GET THE REFORM DONE ECONOMICALLY SO THAT THE NEW IRAQ CAN EMERGE. THIS IS GREAT. THEY ARE PREPARED.
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tlm724 - Article quote:  “economic laws {b} one basket contributes to the transformation of an actual open market in line with the political and economic transformations in Iraq“   the sub-committee got it down to 121 laws into the basket, thats a hail of a basket and see they have been working on it behind the scenes since 2013!   that is an awesome article and it shows that they are serious about this reform!
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Millionday - …THE NATIONAL ALLIANCE HAS DECIDED ON WHO THEY WANT FOR THE VOTE FOR INTERIOR MINISTER – HUGE COMPARED TO THE YEARS WE HAVE WAITED FOR THE POSITION.  THE PRIME MINISTER IS TRYING TO MAKE EVERYONE HAPPY SO THAT HE MAY BE ABLE TO WORK WITH ALL PARTIES WITH SO MUCH NEEDING DONE – THEY HAVE AGREED ON SOME OF THE NAMES HE HAS SO THAT WOULD BE THE BEST ROUTE TO TAKE SO THEY CAN WORK TOGETHER AND ALL FEEL AS THOUGH THEY ARE HEARD.   THURSDAY WE WILL SEE A MEETING WITH PARLIAMENT AND SHOULD SHOW A VOTE OF THE MINISTERS LEFT TO PLACE.
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Economic: the change in the currency of the 10,000 a technician to prevent counterfeiting and aspire to remove zeros

Baghdad/source news/.. The Economist named Antoine, Tuesday, the Central Bank’s change in the category of the 10,000 dinar technical aims to prevent forgery as a positive step.

Antoine said in an interview with the news agency/source, a Psalm of this category and after more than 10 years on the currency to go through some changes and photographing the process by modern art prevents forgery “, stressing the need for changes including removing zeros.”

“The currency market consumed ten years after the” stating that removing zeros from currency to reduce dollarization. “…

Read More: http://dinarupdates.com/blog/
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Delta & Nova - [I sure did not expect to hear that close to 100 laws needed to be passed before we see an international rate.]  THE LAWS THAT THEY NEED TO PASS ARE FOR THE GOV OF IRAQ …NOT FOR CBI!!  Article quote:  THIS ARTICLE IS FROM MAY:  “the Central Bank will proceed without hesitation applied the project raise zeros from the local currency be stable political and economic situation of the country.“  YOU CAN’T ACTIVATE LAWS WITH OUT RATE AND ARTICLE 8.  There’s probably a good chance that laws awaiting activation are buried in with the budget!
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pinocchio-smileyLONG copyEXOGEN - MOST IN IQD LAND HAVE NO IDEA WHAT IS GOING ON AND ALL THEY LOOK FOR AND HEAR…IS RV EVERYDAY AND GLOBAL POLITICS DOES NOT WORK LIKE THAT.  TO PUT THIS WHOLE THING INTO A SIMPLE EQUATION    HCL + GOI = RV.    KURDS AGREED TO IMPLEMENT HCL YESTERDAY.    [If they agreed to implement the HCL then it has already passed.]  CORRECT.  THE REASON THE HCL IS SO IMPORTANT IS IT MEANS THE KURDS ARE HAPPY.  IF WE DO NOT SEE THIS IN THE COMING DAYS THERE IS SOMETHING VERY SINISTER AT PLAY.

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Kaperoni - [Has anyone written an explanation of how the Dinar could possibly have begun its rise in value back in 2012 when we were all waiting with baited breath for the event?    Look at what has and is taking place today! The detail and intricacy that appears to be necessary to get this event off the ground is mind boggling when considered against the conditions within the country and government and Centrall Bank of Iraq back in 2012.]   It was a different plan back then.  Shabibi clearly was doing what he thought was best for his monetary policy despite the lack of progress in other areas to support it.  The plan now is clearly different and has been stated…”a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect,” as stated in the IMF Article IV Consultation.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Poppy3 - ANYTIME SOMEONE STARTS OUT WITH THE GCR HAS STARTED THEY DON’T KNOW SQUAT ABOUT THE RV.   CHRISTINE LAGARDE HERSELF ANNOUNCED ABOUT 6 MONTHS AGO THERE WOULD NOT BE SUCH A EVENT.   SHE SAID YES THERE WILL AND ALWAYS HAS BEEN GLOBAL CHANGES AND MANY ARE EXPECTED AS ALWAYS BUT THEY WILL BE CARRIED OUT OVER A 3 TO 5 YEAR GRADUAL CHANGE AS ALWAYS NOT IN LARGE GROUPS OF CURRENCIES .
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Enorrste -  Article:   ”Dr. Ahmed Ali Abrihi *: the exchange rate and inflation in the years of siege“    The nominal and real exchange rate of the dinar were artificially dropped by the UN at the time of the siege.  In other words, inflation had nothing to do with the fall in the value of the dinar in 2003.   The CBI has kept a check on inflation ever since that time better than almost any other country in the world.   …whenever we see the word “inflation” used in Iraqi articles it must not be confused with our own understanding of that word.  The articles refer to the falling of the value of the dinar due to the UN/US action in 2004 when they use the term “inflation.”  This is not what we mean by inflation.

It is true that the value of the dinar is now artificially low, but that is not due to too much currency chasing too few goods.  Instead, it was a deliberate effort made on the part of the allies to “defund” Al-Quaeda from 2004 forward.  It is our view that this will be rectified when the float is initiated.  When that happens Iraq will experience deflation, meaning the same dinar will buy more and more as time goes by.  Someone emailed me recently and said that Iraq is bankrupt!  Hogwash!  They are running a deficit because they have not increased or even produced a 2014 budget.  Iraq has plenty of money.  They are, after all, the 2nd largest producer of oil in the world.  That hardly constitutes being “bankrupt”.
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TD - Recently received comments from my Kurdish-GOI contact : (as always treat all as rumor):  There are no new “live” rates and the only place whereby the initial (if any) change will be, is the CBI website, followed almost instantly in all countries simultaneously.  Secondly, the word “imminent” is the most often used word during this long saga of the dinar investment…According to my source, there are no immediate plans for the Finance Committee to meet with the Abadi administration in the near term.  It is this Committee that will entertain proposals of economic reform programs which includes the long awaited “deletion of the zeros” program previously discussed in the Maliki administration in concert with the CBI agenda.

The CBI has renewed consultations with their Turkish counterparts as Abadi is in favor (I’m told) to pursue the Turkish model EVENTUALLY, which in all likelihood is at the end of the first quarter of 2015. And the big IF of that timeline remains the progress of the country’s security situation.   In addition, my source advises that the recent introduction of the 10K note (with enhanced security features) is to make sure that ISIS doesn’t go on a huge counterfeit production spree as well as the integration/exchange into the controlled areas of Iraq. He indicates that introducing these notes should yield a STRONG CLUE to everyone that at least for the near future there are no other plans of currency reform to enact.
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home7

Iraqi Dinar/Dollar auction 09-17-14

Currency Auctions Announcement No. (2773)

This daily currency auction was held in the Central Bank of Iraq on the 17-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                218,422,000
Total offers for buying (US$)                            218,422,000

Read More: http://dinarupdates.com/blog/

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Poppy3 - CBI CAN GO AT ANYTIME NOW PROVIDED ALL THE OTHER POLITICAL STUFF HAS BEEN MET AND IT SOUNDS LIKE THEY HAVE COMPLETED EVERY TASK THEY NEEDED SO LETS LET R RIP FROM HERE.  THEY HAVE MADE TREMENDOUS PROGRESS DAILY FOR WEEKS NOW THUS I AM VERY ENCOURAGED AND I THINK [GURU] BGG AND ALL THE RESEARCHERS ARE ON A HIGH RIGHT NOW FOR THE SAME LEGITIMATE REASONS ALL IS GOOD.
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Millionday - [Do you think the budget will be in trillions of dinar or a reality rate and billions of dinar?] THE REPORTS I HAVE SEEN, IT IS IN THE BILLIONS.
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Tman23 - They are preparing to RV…that is for certain…And I was told…The current CBI auctions are dealing with Banks in Basra…The reason for the low auctions numbers in the past was they where dealing with banks in smaller areas…They have been pulling from sectors…Basra is a boom area and it would make sense they would be the final step in pulling IQD from the markets.
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Iraqi officials: Prime minister has completed Cabinet, filling key posts of defense, interior

Mideast Iraq PM Citizenship-1.jpg

BAGHDAD – Iraqi lawmakers say the country’s prime minister has made his decision on the remaining posts in his Cabinet, including the critical positions of interior minister and defense minister.

Hussein al-Maliki and Hamad Saadoun, two lawmakers with Prime Minister Haider al-Abadi’s State of Law bloc, say the Iraqi premier will name Sunni lawmaker Jaber al-Jabberi as defense minister, and Riyad Ghareeb, a Shiite lawmaker with the State of Law bloc, as interior minister.

The lawmakers say that the selection of Ghareeb has been met with some contention, mostly from the Shiite Badr Brigade, but say that the decision is final…

Read More: http://dinarupdates.com/blog/

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Millionday - A DELEGATION FROM THE UN AND THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ.  LOOKS AS IF THE UN IS HAPPY WITH IRAQ AND READY FOR PROGRESS TO TAKE PLACE.   SO THIS AGREEMENT OR SIGNING WITH THE UN DEVELOPMENT IS FOR THE BACKING OF 177 COUNTRIES AS THEY DEVELOP AND MOVE TO THE GLOBE – IT HELPS RECOVERY FOR THE CITIZENS AND FOR THE NATION – VERY IMPORTANT AND A HUGE HELPING HAND AS THEY MOVE TO THE GLOBE – NOT A LITTLE THING — A VERY HUGE THING.  THEY ARE MOVING FORWARD WITH THE GLOBAL OIL …AND THAT WILL TAKE IRAQ TO THE GLOBE.

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Tlar - As it has turned out, the Security Ministry has to be filled before the CBI can move forward.  This was a last minute change.  Our government thought they would do that last night and are very unhappy today.  The phone lines have been burning up with calls to all; important Iraqi politicians.  Iraq did turn down the deal to hold but it is obvious that nominating the Security Minister is going to take a little time in order to satisfy everyone.  I am keeping my fingers crossed that Thursday this issue will be put to bed and we can move on.  The CBI is on hold until this issue is cleared up so to me it is the most important last step.  It was our government who demanded the security minister be in place for the CBI to change monetary policy.  The thinking was they don’t want this dragged out like it was with Maliki so this is basically a last minute change in the plan and and it is our government using the carrot and stick to force Iraq to finish building the government in a inclusive way.

Iraq is in a money crunch with all the promises the Abadi government has made to the Kurds concerning back pay and paying the funds denied since January of Kurdistans share of oil profits.  Plus Abadi promised Barzini he would fund the Peshmerga.   The Abadi government is at a stand still until this Security Minister is chosen and ratified.  Nothing he has promised will come to pass until this gets done.  The IMF is on board with the Obama administration in this matter so until then we are once again waiting.  I am hopeful there will be no more changes if they can get this done, and Iraq gets the green light.
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“Where are we NOW??…” 

Dinar Talk INFO Call

w/BGG  – from Sept 16th

Click-n-Listen

Smart phone user link – Click here

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Millionday - A DELEGATION FROM THE UN AND THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ.  LOOKS AS IF THE UN IS HAPPY WITH IRAQ AND READY FOR PROGRESS TO TAKE PLACE.   SO THIS AGREEMENT OR SIGNING WITH THE UN DEVELOPMENT IS FOR THE BACKING OF 177 COUNTRIES AS THEY DEVELOP AND MOVE TO THE GLOBE – IT HELPS RECOVERY FOR THE CITIZENS AND FOR THE NATION – VERY IMPORTANT AND A HUGE HELPING HAND AS THEY MOVE TO THE GLOBE – NOT A LITTLE THING — A VERY HUGE THING.  THEY ARE MOVING FORWARD WITH THE GLOBAL OIL …AND THAT WILL TAKE IRAQ TO THE GLOBE.
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There is clear disagreement on interior minister within the Shia alliance. This may have led to collapse of the deal.

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Mnt Goat - …this week Iraq needed to vote on the remaining 6 ministers that were placed as “proxy” ministers for the initial confirmation voting process by parliament last week.  The House of Representatives ended its meeting held this afternoon after the non-approval (rejection) on candidates of the Ministries of Defense, Interior and Tourism as presented by Abadi.  So 3 of the 6 ministers are still not permanently seated. Two of these are critical ministers for Iraq and must be seated.   Parliament is scheduled to vote again on the replacement candidates in a couple days from now or next Thursday 9/18  We wait once again for the controversial Defense and Interior ministers along with the other couple ministers to be seated.  After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time. We shall see. 

Parliament was supposed to do a first reading for the proposed contingent budget for the remaining of  the year 2014.  It too did not happen today since the budget was not yet forwarded from the GOI to parliament in time for the session.   I am telling you again as I have said this many times already – we will not see any finality in this next budget until the RV is completed and they have a new international rate to their currency.   There is also news from my contact that the CBI is working closely with the banks to train their personnel on upcoming exchange practices. Also the news media in Iraq  broadcasting that the currency reform is imminent so we have to ask ourselves what is going on. Something big seems to be brewing and is just beyond the horizon.
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tlm724 - Article  “Baki Moon: ready to support international coordination against Daash and Iraq and its neighbors in front of a historic opportunity to confront terrorism”  Baki Moon: ready to support international coordination against Daash *hallelujah*  Quote:  ”the United Nations is ready to support Iraq and the region through coordinated efforts of political, social and human and financial resources necessary to address the current crisis”  thats what I have been waiting to see…the full support from the UN!  it had to happen this way, the UN has the power to impose sanctions, provide funding and put a hurt on anyone who supports ISIS etc… it’s critical in making a difference in this fight!
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Riyadh Gharib nominated for MoI

Baghdad (AIN) –Informed source assured settling the post of the Interior Minister for the candidate of Iraqi National Alliance, Riyadh Gharib.

The source stated to AIN “The candidate Riyadh Gharib of the State of Law Coalition within the INA has been nominated for the post of the Interior Minister.”

Earlier on Tuesday morning, The Prime Minister Haider al-Abadi has met the leaders of the INA to settle the issue of the candidates for the security ministries…

Read More: http://dinarupdates.com/blog/

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Tman23 - Article:  ”Baghdad-ruled bloc MP Salim Shawki, Tuesday, voting on the Security Ministers in the House of representatives today, noting that Chalabi is favourite to take over the Interior Ministry. He pointed out that “the Chalabi internal consensus depending on the components of the national coalition to assume this position, Chalabi“.   Rejected 2 candidates…Can anyone say Chalabi.  If he can’t be the PM he is going to get the Interior Minister.   Abadi said during the Parliament session today “will not commitment to the timings in the presentation of candidates for security ministries will not give any name unless the agreement by political blocs.“…This could be a long wait.
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BGG - Article quote:  “The Parliament session was postponed to next Thursday, while the National Alliance meetings will be held to reach consensus on the candidate of the Interior Minister to be voted next Thursday after agreeing on a candidate.“  …Parliament rejected the two candidates Abadi had put forth…they did vote – the two put forth did not get enough votes (as understand it)…so I guess there won’t be “an announcement” late Tues / early Wed. after all.  [do they need the 2 ministers positions filled for the RV to happen?]  I do not think so – however, as I have been saying…I suspect their focus is elsewhere for the moment. 
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The (unofficial) #Iraq parliament voting figures on security ministers are: Ghrayb 117 of 285; Jabiri 108 of 285

Read More: http://alliraqnews.com/index.php/2011-04-18-02-57-37/147863-2014-09-16-11-46-08.html
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Poppy3 - the ministers are ready all but one at this place in time.  As for any delay it is yet to be seen. If postponed yes it could delay a rate from showing on wed. as expected but still possible announcement at anytime because the seating is a fore gone conclusion at this point.   I am still optimistic for this week.   THE NEWS IS SOLID AND POSITIVE.  AS I UNDERSTAND ONE OF THE PROPOSED MINISTERS IS ACTUALLY TRYING TO BALK AT ACCEPTING THE POSITION AND NOT BEING VOTED AGAINST AND AGAIN THIS SAYS THEY WILL GET THE SEATING DONE SO THE RATE CAN STILL HAPPEN AT A MOMENTS NOTICE.
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Delta - All but 2 positions have been seated (interior and defense ministers not seated yet); each minister has been vetted and approved by the USA, so if the USA is controlling the selections, we can also believe the USA is in charge of the MR [Monetary Reform]; the 2 ministers are to be seated tomorrow [Tuesday], and the GOI will have full international support. All are just waiting on the USA to go ahead with the release of the rate…we know they are ready…just need to have the stability… a good economy is borne out of stability.  Things are happening the way we want to see them going…the rate will come out when it’s sure that it cannot fail.
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Stryker - Parliament met today but  the Defense
Minister and Interior Ministers did not receive enough votes so al-Abadi will present new candidates in Tuesdays [Thursday's?] Parliament Session.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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pinocchio-smileyLONG copyEXOGEN - [Paris Club has mandated that Iraq war debts are due and must be paid in IQD?]  AND THESE BILLS MUST BE PAID PRIOR TO OCTOBER 1ST.  THEY ARE NOT DOING THIS FOR FREE!!!  THE NEW GLOBAL COALITION HELPING IRAQ IS 100% ABOUT BUSINESS & MAKING MONEY!!!  [The Paris Club  is an informal group of financial officials from 20 of some of the world's biggest economies, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors.]
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Urgent ….. Defense ministry settled for Jabiri

Baghdad (AIN) –Reliable source reported on Tuesday that “The Defense Ministry has been settled for the Union of the National Powers.”

The source said to AIN “The Ministry of Defense has been settled for the benefit of the candidate Jabir al-Jabiri, who is a candidate of the UNP.”…

Read More: http://dinarupdates.com/blog/

 

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Blue - They have been educating the citizens for quite some time. Deal is most citizens dont have any money with which to make deposits or open accounts. They are ready to roll but in Maliki’s Economy they have all been dirt poor.  However…once this whole bus starts rolling and the citizens get paid their percentage of the HCL money…at that point…watch how…quickly the citizens learn and embrace banking and smart cards and ATM machines…once they have any money to do it with. …even the Government employees have not been paid regularly under Maliki’s regime and the Kurdish areas have been bare of IQD…The currency has been sucked up, dried up, torn up and gathered in by the CBI… King Dollar is the coin of the realm…and we are all waiting for them to change that.  Heavy Dollarization…And it aint far off.   I seriously doubt we will be here…next spring.
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Frank26 - IMO, we are seeing the MR (Monetary Reform)  right before our eyes…pay close attention to what the CBI is saying.  The citizens are being taught about the Visa cards and ATM’s, they are being educated to go electronic.  IMO, the GOI is seated based on reports from I Team, Delta’s team, and what they are doing.    I Team report is that security is getting much better.  ISIS is being managed.  As of Saturday, Dr Shabibi was still in Baghdad but he may have moved on by now; many officials from the USA are in Iraq and in control.  MOF, gov of CBI, PM of GOI are all put in their positions by USA.  I Team believes that we will see the GOI act with incredible speed.  IMO, many laws need to be passed before we can see the rate, and the GOI is working with speed…longer dragging their feet.
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Poppy3 - LAST EVENING AND BEFORE I REPORTED THAT SOME INDEPENDENT CONTRACTORS WERE PREPARING TO RETURN TO IRAQ AND CONTINUE CONSTRUCTION ETC…JUST GOT WORD THAT SOME ARE BUT THAT MANY ARE STILL BEING HELD UP FOR SOME REASON.   EXXON CREWS AND SHELL CREWS STILL NOT PREPARING TO GO BACK.   NO REASONS GIVEN BUT STRANGE THAT SOME ARE AND SOME NOT. WHAT IT MEANS AT THIS TIME IS UNKNOWN. JUST KEEPING YOU ABREAST OF FACTS NOT THE FICTION.  [maybe due to ISIS?]   I DON’T THINK ISIS IS VIABLE WITHIN IRAQ. THERE ARE SO FEW THERE AND NOW DON’T HAVE CONTROL OF ANY PART OF IRAQ.  HOWEVER IT MAY BE JUST A SAFETY MOVE FROM THE COMPANIES…
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home7

Iraqi Dinar/Dollar auction 09-16-14

Currency Auctions Announcement No. (2772)

This daily currency auction was held in the Central Bank of Iraq on the 16-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 19
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                236,497,000
Total offers for buying (US$)                            236,497,000

Read More: http://dinarupdates.com/blog/

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tlm724 - Article:  “Citizen: Badr without points .. and Chalabi and David are two candidates for the National Coalition“   …the next few hours will see a resolution of the National Alliance to nominate candidates for the security ministries and bring them to Parliament to vote on them.
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Aggiedad77 - Article:  “Tomorrow candidates security bags in front of Parliament“  As promised, PM Abadi will present names for the Ministers of Defense, Interior, and also that of Water Resources…again threats to walk away from the government if some people don’t get their way…it is time to test the metal of PM Abadi and see just how firm he can stand and carry forth his new government.  As required by Iraqi law…PM Abadi will be handing over his British citizenship to keep his position as PM.  A member of the Parliament Finance Committee says there will be no room on the agenda for tomorrow’s Parliament session for the 2014 budget…pointing to the first of next week for a proposal to be put forth…they continue to collect data from government institutions this week.

The head of the temporary finance committee charged with dealing with the 2014 budget is saying that a budget would be approved for the remaining 3.5 months of 2014 at 44.5 trillion dinar with the exchange rate increase approved earlier by Parliament for the state employees….this should be the retroactive pay increase for state employees that goes back to January 1…..there would be a two part budget….one for the first 8.5 months….and the second for the remaining 3.5 months.
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Millionday - Article quote:   “…the establishment of a banking system based on trust and the provision of safety The stability and departments efficient and benefit from the experiences of international banks and enter into partnerships with them to achieve the process of development and investment…“    THIS IS THE ANNOUNCEMENT OF THE BANKING REFORMS AND ALL OF WHAT THEY ARE BRINGING TO IRAQ AND ITS DEVELOPMENT —  THEY ARE MOVING FORWARD WITH INTERNATIONAL INVESTMENT AND BUSINESS — THE CONTRACTS WITH EACH MINISTRY AND PROVINCE WILL BE ABLE TO BEGIN NOW WITH THE ACTIVATION OF IRAQ`S BANKING REFORM — HUGE NEWS.

THE BANKING REFORM IS FOR ONE THING AND ONE THING ONLY — THE ADVANCEMENT OF THE ECONOMIC REFORM AND TO ACHIEVE…AN — ECONOMIC BOOM AS THE EVENT EXPECTS –  SO HERE WE HAVE A HUGE MOVE FOR THE ADVANCEMENT TO A MARKET ECONOMY WHICH IS WHAT WILL PRODUCE THE REALITY RATE FOR THE DINAR FOR FAIR TRADE — HUGE.   I REALLY DONT HAVE A DATE BUT I ALSO DONT SEE A HOLD UP.  I DONT HAVE AN IDEA OF WHEN IT IS — IT COULD BE AT ANYTIME…  [Does the budget have to be opened for RV...? CBI HAS STATED THAT THE BUDGET WILL NOT HAVE TO BE OPEN FOR THEM TO MOVE FORWARD WITH THE ECONOMIC REFORMS — THEY WILL USE THE INTERNATIONAL FUNDS IN THE BANKS TO MOVE FORWARD AND WILL NOT WAIT BY WHAT THEY ANNOUNCED.
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Abadi, grants full powers to the Vice President of the Republic of reconciliation file.

BAGHDAD / Nina /–The National coalition revealed, that the Prime Minister Haider Abadi, promised head of the Coalition, Iyad Allawi, who took over the position of vice president, to grant him full powers, with respect to national reconciliation file.

MP Kadhim al-Shamari for the coalition said in a press statement today that Abadi, promised head of the National Coalition Allawi, with the presence of leaders of the National Alliance ibrahim Jaafari , Adel Abdul Mahdi and Ahmed Chalabi, granting full powers with respect to national reconciliation file…

Read More: http://dinarupdates.com/blog/
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Poppy3 - NEVER…ONE OFFICIAL THING TO BACK UP A FLOAT AND IT HAS BEEN DOCUMENTED OVER AND OVER AND OVER THEY WANT A FIXED MODERATE RATE FOR 24 TO 36 MONTHS TO FURTHER STABILIZE AND GROW THEIR ECONOMY.
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Enorrste - [what your quick take is on the 10k notes?  Maybe just a stop gap to keep large denoms on the street until not needed anymore in 4-6 months?]   Yes, I believe that they had to issue some to keep the country afloat in currency until the changeover.  There is also the security issue with the original notes.   We will get a float announced and then see the value rise over time.
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Poppy3 - TWO MORE DAYS TILL SCHEDULED ANNOUNCEMENT.   HOPE FOR ONCE THEY CAN STICK TO A SCHEDULE.  [you're taking this a little more seriously than usual I'm encouraged.]  THESE SOURCES ARE A LOT MORE SERIOUS THAN EVER BEFORE SO YES I AM OVER OPTIMISTIC AT THIS TIME IN THE 11 YEAR INVESTMENT,  I WISH I COULD SHARE ALL THE PEOPLE I HAVE GOTTEN THIS SAME INFORMATION FROM…YOU GUYS WOULD BE IN THE STREETS DANCING…
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Followers of cleric Sarahi proceed to set up a lawsuit to the Supreme Judicial Council, against al-Maliki and some officers.

BAGHDAD / Nina /-- A source from the organizers of the demonstration of cleric Mahmoud Sarkhi followers who demonstrated this morning in central Baghdad announced that a delegation from the demonstrators headed to the headquarters of the Supreme Judicial Council to set up a lawsuit against the former P M, Nuri al-Maliki and the commander of Alfurat Alawsat forces Gen. Othman Ghanimi and Karbala governor Aqil Turaihi.

In a related development Riot police sealed off Harthiyah area in central Baghdad where Sarahi’s followers are currently emerging to demonstrate against the former PM, policy…

Read More: http://dinarupdates.com/blog/
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pinocchio-smileyLONG copyEXOGEN - Article:   “Experts advise launching awareness programs before the implementation of e-shopping project“   ULTRA MEGA GIGANTIC NEWS!!!  [story short for those that don't get the hint...Sounds like there about to go international!!!]  YEP!!!

(Guru jibberish)
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Kaperoni - Article:   “Economist: paper ten thousand dinars new regulatory action to prevent fraud“   This statement is not goodthe need to head the central bank to restructure the Iraqi currency and delete the zeros commensurate with the value of the dollar and raise the value of the Iraqi currency against the currencies of countries Jawarwalamlat the world.”  When I read this it implies they want to redenominate (LOP) the notes equal (commensurate) to the dollar, then begin to raise the currency value against other countries. 

[I have never been able to get  my mind wrapped around the whole float theory, and now you come out with this?  I have always wondered, in relation to the float from 1166 theory, if the dinar floats from 1166, or 1 cent or 10 cents, what is to stop large wholesale investors, billionaires, and foreign countries from sucking up all the dinar at those low rates and sitting and waiting for it to get up to $3?  If that happens, NO one will be selling their dinar, the CBI will not be making money cashing in, the dinar will plummet further, the Iraqi economy will crash, and we will all be screwed.  And now you throw this out there - a LOP!]   I am hoping they do what we were told they would do…which is a gradual appreciation.  It makes more sense and follows economic principles.

The good news is we should all know by the end of this year.  The recent articles are clear that opening the economy is the #1 priority and that requires opening the banking system and dinar to the world.  No other options.  I still believe the details provided by the IMF are the most accurate but these articles sometimes throw a curve ball that one cannot help wonder.   Remember…hundreds of articles…clearly state they want to raise the value of the dinar.  How that is accomplished seems less important.  
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tlm724 -
 Article:  “The government program a valuable opportunity“  Abadi presented his economic plan, it met the approval of parl, it will launch them into a market economy… a strong economy not only helps the country but helps us as well…wow awesome start!
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Masoum arrives in Paris

Click image for larger version. Name:	b_280_189_16777215_0___images_idoblog_upload_1861_images_504.jpg Views:	0 Size:	7.6 KB ID:	349Baghdad (AIN) – The President, Fuad Masoum, has arrived in Paris to participate in Paris Conference over countering terrorism.                 Alliraqnews.com

BGG ~ I guess he’s not out of Iraq with a heart attack then – huh?!? 

Read More: http://dinarupdates.com/blog/
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Tman23 - My best guess is there is a more likely chance of seeing monetary change the eve of 10/7 -10/9…. The CBI will be closed for four days starting 10/4 (so counting Friday is 5 days)…. October 8th is the start date of the UST fiscal year (although many will argue it’s 10/1)….. Because it is my belief the UST (exchange stabilization fund) would be supporting the RV event and the President can release the ESFunds without the Congress’s approval, but the administration needs to give a full accounting within 6 months……That 6 month deadline accounting will be right before April 15th tax deadline for US citizens….. also take into consideration that Iraq said they will start drafting the 2015 Budget 10/15…. All in my opinion, of course, as being the strongest “window” for the event.
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Shredd - Article:  “The government program a valuable opportunity“   We don’t have a timetable but having this program that “included all of the relevant requirements of the transition from a totalitarian to a market economy as a solution represent the challenges faced by our national economy” announced just barely into this brand new government is exciting to see.  This shows us the importance and the priority of this program.  Moving to a market economy includes a currency that is representative of true value and driven by the market.  This is great news for us and again, though we don’t have a timeline, we see this is obviously a priority and this new government wants to distinguish itself as new and progressive. There is much optimism with this new government and with all the ally support against terrorism, we can see it’s a new day in Iraq!
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Millionday - THE BUDGET HAS BEEN REPORTED TO BE EXPECTED TO BE OPENED OCTOBER 1ST OF THIS YEAR.  CBI HAS STATED THAT THEY WILL NOT WAIT FOR THE BUDGET TO MOVE FORWARD WITH THE ECONOMIC REFORMS AND MONETARY POLICY AND WILL USE THE INTERNATIONAL INVESTMENT FUNDS IN THE BANKS TO BEGIN WITH OR WITHOUT THE BUDGET IN PLACE.  THE ECONOMIC EXPERTS ARE ASKING CBI TO MOVE FORWARD NOW WITH THE RV.  THEY ARE ASKING FOR THE VALUE TO BE RAISED FOR THE COUNTRY AND...  

…THE REDENOMINATION TO TAKE PLACE ALONG WITH THE SETTING OF THE RAISED VALUES FOR THE DINAR TO ALL INTERNATIONAL CURRENCIES.  THE CURRENCY IS ALREADY PREPARED BECAUSE IT HAS TURKI`S SIGNATURE ON IT — SO IT IS READY OBVIOUSLY .    I DO THINK THEY HAVE A DATE SET FOR THE DINAR TO MOVE TO THE GLOBE – A PLAN THIS LARGE WOULD NOT BE CREATED WITHOUT A DATE IMO — WE JUST DONT KNOW WHAT IT IS YET.   LOOKS LIKE IRAQ FINALLY THINKS THEY ARE VERY CLOSE SO HOLD YOUR HATS.
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Kaperoni - Article:  ”Tamimi: the budget will be passed before the 15th of next month“   …the way I read it…2014 before October 15th…and 2015 will be sent directly after October 15th.  So 30 days to pass the 2014 budget.   I would like to see some timeline for the stalled laws as well.
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Poppy3 - IN CASE ANYONE WOULD LIKE SOME DINAR NEWS I WAS JUST CONTACTED AND TOLD BY AN INTERNATIONAL PERSONAL BANKER THAT HE WAS TOLD THE RV IS SET TO BE ANNOUNCED TUESDAY AFTERNOON LATE AND WE SHOULD SEE IT INTERNATIONALLY BY WED. 
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home7

Iraqi Dinar/Dollar auction 09-14-14

Currency Auctions Announcement No. (2770)

This daily currency auction was held in the Central Bank of Iraq on the 14-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 19
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                209,296,000
Total offers for buying (US$)                            209,296,000

Read More: http://dinarupdates.com/blog/

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Breitling - There’s an article that everyone has been sending about Dr. Shabibi and how he was acquitted of the accusations by Maliki and his team…Here’s the conversation that I’ve been avoiding for 2 yearsIt’s not going to make the dinar revalue any quicker but we must leave no stone unturned to find information about the dinar.  We know what the agenda was from the Minister of Finance…we know the rate that they were looking at, it’s reported everywhere….Iraq went to the IMF…we want to get it to a buck then we want to get it to 3 bucks can you help us do that?  The IMF said sure we can support you if you do things correctly… That was Shabibi’s job…the note count, the CBI and to make sure that he was going to manage the agenda of the Ministry of Finance and Ministry of Planning and make sure the currency fit that.  Unfortunately, the reality he was in was not the reality Maliki was in…

…Maliki wanted to RV the currency, but Shabibi wouldn’t do it.  I believe the IQD is going to go up little by little, but it won’t take long.  If Shabibi did what Maliki wanted it would have put the breaks on the potential rebuild.  It would have made things too expensive for the country and it would have been bad for the people.  Like Shabibi and Maliki said they have 200 years of oil but at the same time you have to rebuild the infrastructure and at some point add value to the currency.  Maliki replaced Shabibi with Turki but he wouldn’t revalue the currency when he saw what Shabibi saw.  Shabibi protected the dinar from going up too quick…that’s what happened.
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Mnt Goat - Iraq is still very much on track to see the final group of ministers get voted on this coming Tuesday 9/16. The controversial Defense and Interior ministers along with the other couple ministers should all be seated at this time After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time.   I have strong evidence that there was a planned timeline this week to RV their currency but there was a hold on it due to the lack of mainly a permanent defense minister being seated. Seems they do need this “fully” formed government in reality and not just an announcement.

However if this RV does not happen with days if not hours after these final ministers are seated do not get disappointed. It may only be that they are still requiring more security to be put in place to protect Iraqi borders and provinces. There may also be an issue of implementation of many of the delayed economic reforms. It is all looking very good.
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home7

Iraqi Dinar/Dollar auction 09-13-14

Currency Auctions Announcement No. (2769)

This daily currency auction was held in the Central Bank of Iraq on the 13-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 13
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                143,680,000
Total offers for buying (US$)                            143,680,000

Read More: http://dinarupdates.com/blog/

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Millionday - [Are they in the wto?]   THEY ARE AS MEMBERS – OBSERVERS BUT NOT ACTIVE YET.   CBI HAS ANNOUNCED THAT THEY ARE MOVING FORWARD WITH THE PAYMENT SYSTEM ELECTRONICALLY AND WITH THE NEW SYSTEM — HUGE.  THIS ANNOUNCEMENT AND ALSO THIS PROCESS WILL BRING IRAQ TO A MARKET ECONOMY AND OPEN IT TO THE GLOBE WITH ELECTRONIC PAYMENTS AND INVESTMENT THROUGH THE ELECTRONIC PAYMENTS OF FEES AND ALSO INVESTMENTS AND PAYMENTS TO CITIZENS IN THE COUNTRY AND OUT – REQUIRES THE NEW RATE FOR ALL INTERNATIONAL NEEDS. 

THEY ARE READY FOR THE SMART CARDS AND THE GOV BENEFITS TO BE GLOBAL.  THEY ARE READY RIGHT NOW AND IT IS POSSIBLE AT ANY TIME.  THEY ARE SAYING THAT THE PROCESS IS READY TO BE IMPLEMENTED…WHEN THEY IMPLEMENT THIS THEY WILL HAVE A REALITY PRICE FOR THE DINAR.  [with all of this going on, at what point should we see change?]  WE DONT KNOW THE EXACT DATE – THE CLOSEST WE ARE TO A GUESS IS THE ANNOUNCEMENT THAT THE BUDGET WILL OPEN OCTOBER 1ST.  THE BUDGET IS SUPPORTIVE OF MANY THINGS — THE E-GOVERNMENT, THE FORCES NEEDED, ALL PROJECTS, AND FEDERAL BENEFITS ETC.
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Stryker - …great news keeps coming in. The information that I am getting from my contacts is going right along with all the articles that the newshounds are bringing in.  Abadi’s new government is wasting no time getting everything together, from economic reform implementations to political agreements to all committees working around the clock.  Every week has had new achievements for the country of Iraq and next week is sure to bring even more…MORE IN A WEEK THEN MALIKI’S GOI DID IN FOUR YEARS.
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Poppy3 - THERE ARE NO DELAYS THUS FAR ACCORDING TO INSIDE EVERYTHING IS ON TIME AND PREPARATIONS ARE BEING PUT IN PLACE…THE END IS NEAR.  
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Mnt Goat - Abadi’s new government is…working hard to investigate the CBI scandal and get Dr. Shabibi (and his staff) back at the helm of the CBI.  Dr. Shabibi will complete the currency reform project. I have gotten this news from many very good sources and I totally believe these sources.  This current situation (recent changes in the governor) with the CBI is going to change and has to in order to see the completion of the currency reform project. Let’s see what happens.
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Abadi announces issuing, two days ago, a decision to stop bombing cities

BAGHDAD / NINA / Prime Minister, Haider al-Abadi issued a decision, two days ago, to stop bombing all the cities where there are civilians.

He said in a speech in the National Conference for the forcibly displaced, which was held today at the headquarters of the Supreme Islamic Iraqi Council, “This decision was taken so as not to hurt any civil, even in areas controlled by the Islamic State, who take those civilians as human shields ” Indicating that “the government will not stop in its efforts to protect civilians and if the security forces were subjected to any danger, we will respond and protect civilians. “…

Read More: http://dinarupdates.com/blog/

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Tman23 - Saudi Arabia just announced they will reopen their Embassy is Iraq…As we all witness the Arab Summit 2 years ago held in Iraq…many of the countries called maliki an Iranian puppet and refused to send their top diplomats… So the Saudis reopening their Embassy is a HUGE positive sign..

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Millionday - THE 10,000 NOTE  DOES HAVE THE KURDISH LANGUAGE ON IT AND NOW THEY NEED TO CHANGE THE RATE AND BRING OUT THE REST OF THE DENOMS THEY PRINTED.  THE 25000 WAS NOT…PRINTED…AND WILL HAVE THE REST OF THEM PULLED WHEN THE REST OF THE EXCHANGE IS DONE AND WE ALSO GIVE BACK THE ONES WE HAVE — THEY WILL BE BURNED.
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Lojak - ”Central Bank Gets New Governor“   behind the scenes, Shabibi is in charge, no matter what the articles say…

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Jaafari: Saudi Arabia will open an embassy in Iraq

Foreign Minister Ibrahim al-Jaafari said that “Saudi Arabia told us its intention to open its embassy in Baghdad,” adding that “Conferences grandmother responded excellently with the issues of Iraq in regard to the fight against terrorism and the establishment of relations.”…

Read More: http://dinarupdates.com/blog/
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BGG - Abadi appears to really be doing right by Iraq…he passed on the Paris Conference to get these two critical Ministers seated - he’s asking for them not to use the term “Prime Minister” any more – or “Commander in Chief”… just call him “chief Minister”… very interesting…
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Blue - ...this whole investment is contingent on Iraq’s success…Abadi and his GOI are a breath of fresh air…
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Aggiedad77 - Article:   “Finance parliamentary calls for the government not to merge Almoisntin for [2014.2015]“   Still more talk about NOT merging the 2014 budget with that of 2015…probably a wise idea…even as the last few months of 2014 grind down…the interim committee on Finance continues to study and work with things…when will they present anything worthwhile to Parliament…maybe on the 16th.
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BREAKING NEWS. Abadi apologize from attending the Paris Conference.

BAGHDAD / Nina /– Prime Minister Haider al-Abadi apologized in a joint news conference with French President Francois Hollande: “for the invitation made by Holland to attend the International Conference on Peace and Security in Iraq which is scheduled to be held in Paris next Monday, for being occupied in security file and naming security ministers.

For his part, Hollande said : ” We support Iraq in its war against terrorism, and we made four shipments of military equipment to Baghdad…

Read More: http://dinarupdates.com/blog/
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pinocchio-smileyLONG copyEXOGEN - …debt is being paid off!!! How can the US Dollar climb when our economy, and unemployment rates have not made any major moves…There is only 1 answer and this is what we have been looking for and waiting on…Gold will continue to DROP…the bonds you kept hearing about have entered the sys.tem…The Iraq currency auctions are about to come to a 100% Hault!!  Ain’t No Stopping Us Now.
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Mnt Goat - Today is Friday 9/12 and so far this week we witnessed the announcement of the “fully”  formed government of Iraq. At least this is what we were told. Abadi submitted his cabinet list to Jubouri on time. Parliament then voted and seated many of the ministers, vice presidents and deputies.  However in the voting process 6 of the ministers did not get confirmed (get the quorum needed). So to get around this Abadi can legally leave them in as proxy ministers much like Maliki did in 2010. But unlike with Maliki, Abide will adhere to a constitutional criteria that then gives him 7 days to resubmit new candidates for consideration again for confirmation. The process is all legal as long as he submits his candidates within this new timeline.  So he now has 7 days… until Tuesday 9/16…according to the constitution to replace these ministers with ones that parliament will confirm.

Technically they did announced the “fully” formed government of Iraq on 9/9…so where is the RV announcement?  All I will say is what I have been saying all along we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated. Many of you asked me if a formal, public announcement is necessary and the answer is a big fat YES.  I want to emphasize once again this final announcement  of the IQD going international will not happen until the USA feels the Iraq government is stable, non-sectarian and is a functional government. This is has been the plan all along.
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Aggiedad77 - Article:  “Kurdistan reveals near the formation of a committee between Abadi and Barzani to resolve outstanding problems“  From the sounds of things…the Kurds and Abadi are close to pulling together a committee to work on resolving Kurd differences with Baghdad once and for all...that would be some awesome progress and a real show of unity if they can pull this off….Abadi says he has learned of Maliki’s mistakes and will improve things going forward

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Office Abadi: Cancel the title of [state] of the Prime Minister

[Baghdad where] The Chief Minister Haider al-Abadi ordered not to use the title of [Prime Minister] and merely mentioned in the correspondence office and name.

A statement by the Office of Abadi Today, the agency received all of Iraq [where], a copy of which, “The prime minister also ordered the suspension Photo Commander in Chief of the armed forces on government buildings and the headquarters of state institutions and security checkpoints and military”…

Read More: http://dinarupdates.com/blog/
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Blue - …most of Iraqis are NOT hoarding IQD and the currency is in tatters. They have exchanged their IQD for USD.  Once the change happens…USD will be withdrawn and officially it will not be the coin of the realm any longer…the IMF has strict rules of Article 8 that must be complied with…the auctions will be discontinued. No longer will they have two currencies.  Truth is they already have Lower denoms on the street…USD.  But those days will be over in some period of time after the rate is lifted in whatever way they lift the rate…float ( Not…likely)  or a staging rate or whatever.  they will have to release their own lower denoms…but I guarantee you they will not print a boatload of them…

they are going to make it so that most citizens and merchants and taxi drivers, etc, are forced to use digital money.  I dont know about the timing but overall that is what is gonna happen and why they can lift the rate any time because initially the USD can be used as lower denoms and it forces them into the banks and to go digital.  Add in that as they all exchange their USD for the digital IQD…the CBI will rake all that USD on the Iraqi street back into their reserves becoming even wealthier with every transaction and digitizing their monetary system right off the bat. ALL JMHO.
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Poppy3 - I GOT THE BEST NEWS TODAY…FROM MY BEST EVER SOURCE.  DEAL WAS THAT AFTER o’s SPEECH HE ASKED FOR IRAQ OUT OF RESPECT FOR AMERICA THEY WOULD WAIT TILL POST 9/11 TO ANNOUNCE THE NEW RV RATE. NOW COULD THIS BE WRONG YES BUT I TRUST THIS SOURCE MORE THAN ANY EVER…   I PREVIOUSLY HAVE SAID FROM OTHER GOOD SOURCE THAT I WAS TOLD 10 DAYS TO TWO WEEKS BEGINNING THIS PAST MONDAY…WELL THE NEWS TODAY WAS ALMOST THE EXACT TIMING FROM THE TOP OF THE TOP IN SOURCES.   REMEMBER…THE POSSIBILITIES OF SOMETHING NOT HAPPENING OR BEING DONE THAT IS EXPECTED IS ALWAYS POSSIBLE.
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Tman23 - Does this interest you? It’s legitimate and not from a GURU…. As one senior British diplomat based in Iraq recently told an IBBC conference: “Vast amounts are already flowing into Iraqi government coffers. We will soon see a cash tsunami.” Kind of a misleading headline that generates excitement…. Remember…Ernest and Young Audit Iraq.. They KNOW where the money is… The provided link is and intro page to Iraq from the IBBC…
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Shabibi did his duty according to the Constitution and tried according to the philosophy contrary to the current system

{Baghdad: Euphrates News} said Oil Minister and leader of the Iraqi Islamic Supreme Council, Adel Abdul-Mahdi, the former central bank governor Sinan al-Shabibi, did his duty according to the Constitution and the law, pointing out that “others Hakmoh by philosophy contrary to the current system,” noting that the arguments provided, make it an issue Shabibi issue of age, and major errors to be addressed…

Read More: http://dinarupdates.com/blog/

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Article: -  ”Maliki steals DFI funds while he was PM“   This is not new news… The IMF has been at the CBI for over a year and they are aware that some funds were taken by Maliki.  They were not there as policemen, so they just documented the theft.  The numbers are exaggerated in this article as usual.  Interesting this news comes out while Shabibi is at the helm.  ...the “new” 10,000 iqd note…That is also way old news.  these notes were printed solely for interbank tranfers.   All the 25k notes are so worn out and have been destroyed.  They knew a long time ago that they needed some new interbank notes post RV.  the old 10k and 25k will be burned.  This is nothing to worry about with regards to the RV.
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tlm724 - 
Article:   “Abadi: planning and implementation of state policy, including the oil and finance are the powers of the Council of Ministers“   Quote:  ”that the planning and implementation of public policy of the state, including oil policy and finance is the prerogative of the Council of Ministers“   Abadi’s Council has the power to implement! No need to take it to parliament ! Wink!    the HCL was passed years ago, just need to come to an agreement with the kurds and implement it.
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Shredd - imo, we are going to see a lot of progress on laws being passed, all of them with dust on them. This new govt is going to make measurable progress from here on out. For monetary policy, I feel the security needs to get better. Now with the new govt, the allies can join forces and attack ISIS.  [and it shall in short order.]  agreed.
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Will the New Oil Minister in Baghdad Break the Deadlock with Erbil?

Adil Abdul Mahdi, the new Iraqi oil minister.

ERBIL, Kurdistan Region – Adil Abdul-Mahdi, oil minister in Iraq’s new government, enjoys good relations with the autonomous Kurdistan Regional Government (KRG) that could be instrumental in solving serious oil and other rows, officials say.

US and UN representatives reportedly assured Kurdish negotiators that no opponents of Kurdish rights would be allowed office in the new Iraqi government, as an incentive for the Kurds to join the administration in Baghdad…

Read More: http://dinarupdates.com/blog/
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Blue - Article:   “Abadi al-Maliki will present the recent decisions of the House of Representatives“   Quote: ”new prime minister will reconsider the decisions and appointments made by former Prime Minister Nuri al-Maliki, in the last reign.”   Abadi is acting quickly on straightening out the crooked Maliki appointments and results of his pressure on the crooked judiciary.
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Kaperoni - Article   “Iraqis hopeful new government will bring reform“  Quote  ”there isn’t much time left.“  That to me clearly implies they must change the outlook for the citizens soon.  This train will go full steam ahead to get to a market economy asap.  IMO, realistically I think the dinar should come out (Article VIII) within 90 days providing security forces take care of ISIL and parliament expedites the passage of the stalled laws. 

…the Kurds only are giving the new Abadi gov 90 days as well to live up to the demands and agreement.  [What are the remaining demands of the Kurds?]    I don’t know them all but a few are payments for Peshmerga, Oil & Gas law, and a conclusion to Article 140.  That is a big hill to climb in a short window.  Pretty much everything Maliki promised and never delivered on.
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Enorrste - I heard on FOX news…that Kerry was in Baghdad and got three concessions/commitments from Ababi:  first, that he would change the oil ministry in terms of what it is doing; second, that he would change the finance ministry in terms of what it has done; and third, that he would change the miliatry in terms of what it has done.  In the case of the oil ministry, it seems clear that Abadi must have committed to change the current failed structure between the Kurds and the GOI.  In other words, he was promising a real change in the oil/gas law situation.  Second, a change in the way the ministry of finance runs can mean only one thing to me…  

…he is going to allow the CBI to do what needs to be done to get the dinar into the world market.  This, for us, is the best news of the day and probably the best news to come out of the new GOI.  He has committed to change Maliki’s “stall” tactics.  Third, he also promised to change the way the Iraqi military functions.  Taking this in context with Obama’s speech today it is clear to me that some sort of agreement has been made to allow/force the Iraqi military to do/act as if we were in charge.  In other words, the 475 new “backdoor” personnel that Obama is sending to Iraq are almost certainly “Special Forces” who will create teams to locate, and obliterate, the ISIS opposition in Iraq.  All in all, today was the best news that I could have imagined.  
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Stryker - A Real Change Is Underway In Iraq My Friends…Deleting the zeros is back in the news…Abadi wants the focus to be on Iraq and not himself…Abadi to make decision on Ministers outstanding next TuesdayAbadi will reconsider the decisions and appointments made by Maliki in his last few days, including the 7 years sentence of Shabibi.
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Aggiedad77  - Article:   “Central Bank raises (10000) dinars for new trading“   When I first read this I wasn’t going to write about it, considering most of it to be old news by now…but they do talk about the CBI being ready back in January 2013 to lift the 000′s…but Maliki put a stop to it…and they point out that the bank remains keen to implement the lifting of the 000′s…even today…they remain ready…it is coming…soon.
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Enorrste - 
They will never…announce the removal of 3 zeros notes. The notes themselves will disappear as the value rises.  Would you hold $10000 in one note in your hand, or would you deliver it into the bank as a deposit?  The large notes will “fall away” as the value rises.   They won’t need to make an announcement.  The market itself will cause the removal of the large notes as the value rises.
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Remember Sept. 11th

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Kaperoni - Article:  “Central Bank raises a new class of 10 thousand dinars characteristics of high security“   So it’s clear now that they have begun to circulate the replacements 3 zero notes (10,000 dinar) as stated last month in which they had hoped by the end of the month (Aug). This IMO also reaffirms as we have been saying for over a year that no overnight RV is coming today, tomorrow or a month from now.  I stand firmly believing the dinar will appreciate as the IMF states…”gradual appreciation”…  Keep in mind, the purpose for reprinting the existing notes is to strengthen the banking system (so citizens use the dinar, and it reduces corruption or counterfeiting as said by the CBI). IMO, this move does not support an overnight RV, nor a redenomination (LOP) at least not in the near future. 

That being said, we also know monetary change must occur for the success of a transition to a market economy and the CBI opening the Capital Account (it is a requirement).  Therefore, IMO the only thing left is a gradual appreciation as I stated above.  One thing people may not understand, is that as capital investment comes into Iraq (and they expect a lot of it) it will create inflation.  To counter that result, the monetary tool to use is to appreciate the nominal exchange rate of the currency.  That is the very reason an overnight RV makes no sense.  I want to say one more thing…on a good note…the faster the investment comes in (and that is why they are lining up all the banks, etc) the faster the dinar must appreciate to offset the inflation it causes.
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Millionday - THERE IS A WAY TO COMPARE ALL PRICING TO MAKE IT FAIR WITH ALL COUNTRIES — THE USD — THE SDR — THE PRICE OF GOLD...   PRECIOUS METALS ARE A GLOBAL PRICING TOOL — THE IMPOSED RATE OF THE DINAR IS AFFECTING THE GLOBAL PRICE OF GOLD AND THE REASON BEING THE LACK OF SUPPLY AND DEMAND SUPPLYING THE MARKET IN IRAQ — (MARKET ECONOMY) — THE HUGE MARGIN IN REALITY IS A HUGE PROBLEM WITH THE WORLD MARKET.  CBI HAS ANNOUNCED THAT THE DINAR WILL BE BACKED BY GOLD — AND THAT THE MONETARY POLICY HAS THE NEW RATE FOR THE DINAR IN IT AND… 

IT WILL BE WITH THE ACTIVATION OF THE MONETARY POLICY NO DOUBT –  AND THE MONETARY POLICY IS PART OF THE ECONOMIC REFORM THEY ARE ACTIVATING...THE US DOLLAR BECAME THE RESERVE CURRENCY.  THE CALCULATION IS BEING DONE ACCORDING TO THE PRICE OF GOLD AND WHAT IT SHOULD BE IN IRAQ WITH THE PRICES BEING SET AND THE DOLLAR WILL BE THE PAIRING CURRENCY OF COURSE.  YES, THEY ARE TALKING ABOUT THE REVALUE OF THE DINAR AND THE SETTING OF THE INTERNATIONAL PRICES FOR IRAQ.  THEY ARE IN A HUGE RUSH DUE TO THE AFFECT IT HAS ON THE GLOBE…WE WILL KNOW VERY VERY SOON…
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Adam Montana - ...there’s nothing but good news to share!  The UN is singing praises on their progress, for the first time in recent history they are getting things done on schedule, and this baby is MOVING!  I am hearing extremely encouraging news from my contacts… things are getting real, they’re getting exciting, and it’s happening fast now. 
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“Good News Day…” 

Dinar Talk INFO Call

w/BGG  – from Sept 11th

Click-n-Listen

Smart phone user link – Click here

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tlm724 - CBI announcements yesterday were geared at informing the citizens of the proper places and procedures for exchanging foreign currency!    Why would they do that at this particular stage? What is different now?
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Poppy3 - …THE MINISTER OF FINANCE OF VN [VIETNAM] STATED THEY WOULD NOT GO WITH THE DINAR BUT WOULD BE 14 TO 18 MONTHS AFTER THE DINAR BEFORE THEY RV. THEY SAID THEY WOULD ADJUST BUT NOT RV…DONG RATE STILL PROJECTED AT .03 CENTS TO A NICKLE.
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DC - There were several folks who are saying the US in deliberately blocking this and trying to push it to January.  Is Iraq agreeing to that?  No.  They have been trying to block this since March and April.  There have been reasons beyond raw politics and hard-nose negotiations.  My belief is that the US stopped a lot of their manipulation in late August, when they signed the document along with everyone else.  Plan A said that the US would help push this through and stop playing rough. The US had some legitimate reasons. they wanted Maliki out of Iraq…Then in August, everyone else said, “Uncle!  Let’s this done.”  And now the US is supporting it.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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BGG - …currency reform could happen any second they decided to do it…not saying it will happen, but they can do this anytime they want. They don’t need more laws, and they are in compliance with the IMF.  …there may be, MAY BE, 2 things they want to address: first, unraveling the Council of Ministers from the CBI.   Maliki changed this a few years ago so that the CBI was directly under the COM. They will probably want to take steps to make the CBI an independent body once again as it states in the Constitution. Second…they will want to exonerate Shabibi of all charges…that it is definitely on Abadi’s agenda but not completed yet.

Maliki…He is in a ceremonial position as VP of the Republic; he has NO power.  He cannot move into the President of Republic position if Masum falls down an elevator shaft. That process is in the Constitution and involves parliament electing another POR, who must be a Kurd.  They are working through a process and when the new Finance and Economic Committees get going,when IRAQ decides it’s going to happen, it will happen. If it hasn’t, it’s because they aren’t ready.
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Chattels - Article quote:  “Washington urged the Kurdish leadership to participate Abadi in government, because there are significant changes will occur in Iraq in the near future… ]   I hope that one of the significant changes in Iraq is in the value of their currency…!?
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Arthur - Article: “Obama and al-Abadi agreed on the importance of the new government to take concrete steps quickly to deal with legitimate grievances and aspirations of the Iraqi people“  The operative word here being QUICKLY. Does this sound like an American President that is trying to hold something back from the Iraqi people?  Doesn’t it make sense that a profound aspiration of the Iraqi people would be to have a market economy with a strong international currency they can be proud of? The entire Arteam has agreed we have never seen Iraqiya TV news as positive and festive as we saw it today.

PM Abadi and Barzani were hugging with tears in their eyes.  (BGG ~ Seriously???) Archenemies VP Maliki and VP Allawi were smiling and shaking hands.  Minister of Electricity Mahdi announced he will now provide electricity for all citizens effective immediately.  And what was the last significant thing we heard from the CBI approximately 60 days ago: Quote: “The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country.”  Tonight on their TV news Parliament announced that they now have political and economic stability to a level that they are now ready for what they called the “NEW DEAL.”
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home7

Iraqi Dinar/Dollar auction 09-11-14

Currency Auctions Announcement No. (2768)

This daily currency auction was held in the Central Bank of Iraq on the 11-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 18
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                195,372,000
Total offers for buying (US$)                            195,372,000

Read More: http://dinarupdates.com/blog/

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Kaperoni - “Basic premises of the Government’s program” “The strategic priorities of the government program … provide housing, services, and social security”  This is the Iraqi government’s priority list of sorts.. And the first three tell the story for the dinar.   Nothing is going to happen with the dinar this week, nor next week, nor the end of this month.  Here is the proof!   Details…First: a stable and secure Iraq.  Secondly, upgrading service and living of the citizen.  Third: to encourage the shift towards private sector.  …first and foremost they must deal with ISIS first…it says..”First: a stable and secure Iraq”   So until the coalition kicks ISIS out of Iraq, we are in a holding pattern.  I have heard others (people in the know) say the same thing.    Clearly #2 and #3 are exactly what we want to read. 

So we are in a good position and the dinar will be unleashed hopefully in the coming months once they get boot the scum bags out.  Let’s all watch how fast that happens.  I am sure that they will work expeditiously to get step #1 done as soon as possible for sure. But it will take some time. The good news is we are on the right track and it does appear that changing the economic conditions are a huge priority for the new GOI. Going to be a fun next couple of months as we watch all this unfold.
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Millionday - Article quote:  “the Chairperson of the Committee Tamimi emphasized the need to move forward toward passing the bill the federal budget for 2014 and vote on them this month and a full-time to balance the 2015 beginning of the month of October next”   THIS IS SAYING THAT THE BUDGET WILL BE VOTED ON THIS MONTH SO THAT IT CAN BE OPENED ON TIME — OCTOBER 1ST, 2014.  THE OPENING OF THE BUDGET WILL BE THE LAUNCH OF PAYMENTS TO ALL IRAQIS – SO THEY WILL HAVE THE RATES SET FOR THEM TO EXCHANGE IN WHATEVER COUNTRY THEY ARE IN -- IRAQ OR ANY GLOBAL COUNTRY AND ALSO THE PAYMENTS TO COUNTRIES OWED.

CBI HAS STATED IN PRESS RELEASE THAT THEY DO NOT HAVE TO WAIT FOR THEM TO PASS THE BUDGET TO FUND THE ENTIRE ECONOMIC REFORM – IT INCLUDES THE BANKING REFORM AND THE BANKS WILL BEGIN THEIR REFORM WITH OR WITHOUT THE BUDGET DUE TO THE INVESTMENT FUNDS FROM INTERNATIONAL INVESTORS THEY EXPECT TO HAVE IN BANKS. WE ARE NOT WAITING ON THE BUDGET — ACCORDING TO THE PRESS RELEASE REPORT — BUT WE ARE WAITING ON THE INTERNATIONAL RATES TO BE SET AND THE VALUE TO A REALITY RATE. 
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DC - In Iraq, the government is fully seated, both PM and ALL the ministers.  There resistance melted away for the final two ministers.  They voted on their agenda, with an overwhelming majority supporting Abadi’s plan.  That pulled everyone together.  They have made great progress on the budget, divided up between ministries. That’s going well.  It’s not related to the RV, because the RV has been in the budget since 2010.  So they have had it for the past four years.  It has said that in articles, in public.  So it’s my very strong opinion that the budget doesn’t affect the timing of the RV at all. 

ISIL is being pushed back by a coalition of ten countries.  They are all ready to go, and the US President is speaking tonight about that.  I don’t believe economic news will be in his speech. The CBI has signaled to everyone “be ready”;  basically they told them to be ready by yesterday by afternoon.  It is still the CBI’s job to pull the trigger…Banks around the world have been getting ready and everyone is set to go.  In Iraq, in the finance committees, they are being told that this is on a timeline coordinated by the IMF and BIS.  That’s where Iraq stands on the RV – any minute, any time.  
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American Contractor - The New Iraq Prime Minister Haider Al Adabi will initiate economic reforms as he is more skilled in that area then fighting a terrorist organization. The delete the Zero’s project will start in 2015 only after the Parliament Finance Committee agrees and the Iraqi Parliament pass a resolution allocating funds for the project.  The Reval is currently not on the agenda in the cabinet or Parliament meetings. Expect Central Bank governor Turki to be replaced by the end of the year.
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Expert: the formation of the new government will reflect positively on the Iraqi economy

BAGHDAD / News … Baghdadi said an economist, on Wednesday, that the formation of the Iraqi government will deliver Baijayate on the economy and the market, which suffers from volatility, noting that the government program announced by Prime Minister Haider al-Abadi will give hope to increase the movement of the market.

The economist said on behalf of Antoine told the / Baghdadi News / “The Iraqi economy was unstable and wobbling to a large extent due to the lack of political stability and the absence of the features of the government,” noting that “the formation of the government would be an incentive to the Iraqi market to move toward the expansion of investment, especially since the government supported internally and externally as well as the economic curriculum presented by Prime Minister al-Abadi. ”…

Read More: http://dinarupdates.com/blog/

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WILDDUCK - IT HAS BEEN A VERY INTERESTING RIDE OVER THE LAST 30 DAYS.  TO BORROW A PHRASE: I NEVER THOUGHT WE WOULD BE HERE AGAIN TODAY. THE NEWS IS NOT BAD, LOTS OF STUFF FLOATING ON TIMING.  …REMEMBER. “THIS DEAL WILL LIMP INTO VIEW”.  WELL IT IS LIMPING AND IS COMING INTO VIEW MORE AND MORE EACH DAY.  STUFF IS GETTING DONE AND WE ARE MOVING TO OUR TURN.  REMEMBER THERE IS NO BOOK TITLED “GLOBAL CURRENCY RESET FOR DUMMIES”, HOWEVER THE PLANING OF THIS HAS BEEN GOING ON FOR A LONG TIME AND FROM MY VIEW POINT IT IS ROLLING OUT LIKE I WAS TOLD IT WOULD…THIS IS LIKE A COGGED WHEEL AND IS TURNING FASTER NOW BUT CANNOT BACK UP OR STOP NOW IMO…
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Millionday - THIS IS WHERE WE ARE – WE HAVE A FULL GOV THAT HAS TWO POSITIONS THAT WILL BE CHANGED THIS WEEK FROM A PROXY TO A PERMANENT — THE GOV IS CONSIDERED BY THE INTERNATIONAL COMMUNITY AS UNIFIED AND ALSO COMPLETE – THEY ARE SWORN IN AND WE HAVE MULTIPLE REPORTS STATING THAT IRAQ IS PREPARED TO MOVE TO A MARKET ECONOMY – THIS MEANS DRIVEN BY SUPPLY AND DEMAND — AND

WE ALSO HAVE A NEW AND PERMANENT GOVERNOR FOR CBI THAT HAS ALL POWERS TO DO THE WORK GIVEN TO CBI – HE IS PLACED BY THE GOVERNMENT AND THEY OPERATE AS AN INDEPENDENT TO COMPLETE THEIR WORK FOR THE COUNTRY  AND… WE HAVE THE INDIVIDUAL THAT IS GIVEN THE POSITION OF CURRENCY EXCHANGE WITHIN CBI PLACED IN HIS POSITION AS WELL.
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Td - Comments to share from my Kurdish friend:   As always treat all as rumor. Make no mistake about it: Iraqi has a named government BECAUSE of the pressure exerted upon THEIR leaders by OURS (US, Britain & others) and even then it went down to the wire. This is the norm going forward: Assistance being contingent on progress. Maliki being named VP is no big deal says my friend, it’s a figurehead post. The budget?? Is it dependent on a “new reality rate” as reported by so many. My (economist) Kurdish contact says NO. They have (had) a “reality rate” of 1166 for a long time which will continue as they now focus on geographically unifying the country from the grips of ISIS. This is priority number one for the new government.
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Abadi meet with national and powers to nominate the ministers of interior and defense today

Abadi meet with national and powers to nominate the ministers of interior and defense today

BAGHDAD  - Deputy for the National Alliance, “The meeting will be held this evening under the chairmanship of Prime Minister Haider al-Abadi with members of the coalition in the National Union of Forces to discuss naming the ministers of interior and defense.”…

Read More: http://dinarupdates.com/blog/
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Delta - I am excited about the new ministers, and although the new GOI is not perfect, they are all genuinely happy; the Kurds are at last well represented in the new GOI.  Alawi, Maliki  and Najafi…are paralyzed within the new GOI as they do not have the power to disrupt any longer.  Parliament will be back on 9/16 – interesting time frame.
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Poppy3 - John Kerry arrived in iraq at 3:50 central this morning. JUST WANTED TO CONFIRM THIS TIME HE WAS THERE…SO MANY WRONG REPORTS OVER THE LAST TWO WEEK MISLEADING PEEPS THAT HE OR BIDEN WERE IN IRAQ…   HE IS ANNOUNCING A CONCERTED EFFORT FROM THE USA TO RID THEM OF ISIS…STRICTLY POLITICAL FOR SHOW.  [How hard is it to really go in there and get rid of all the ISIS?  800 people or so? it should not take us very long to rid them.]  EXACTLY BUT THE PEOPLE HAVE BEEN FORCE FED THAT IRAQ IS A HOT BED FULLY INVADED COUNTRY FROM ISIS… I WAS TOLD YESTERDAY IT WILL BE ALL BUT OVER WITHIN TWO WEEKS IN IRAQ.

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Chattels - Article:  “Deputy: Abadi meeting today with the parties to the national and powers to nominate the ministers of interior and defense …Wednesday, September 10 / September 2014″…  Quote:   “The meeting will be held this evening under the chairmanship of Prime Minister Haider al-Abadi with members of the coalition in the National Union of Forces to discuss naming the ministers of interior and defense.”

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OOTW ~ FROM THE CABINET SITE: The first session of the Council of Ministers of the Iraqi government elected – ALSO IMPORTANT COM EVIDENCE THAT MOHSEN IS STILL LISTED AS THE SECTY GENERAL OF THE COM NOT HEAD OF THE CBI…
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State Department: ready to provide support for Iraq in its war against Daash

State Department: ready to provide all kinds of support for Iraq in its war against Daash

BAGHDAD - Search Prime Minister Haider al-Abadi with Foreign Minister George John Kerry political and security situation taking place in Iraq and the region as well as bilateral relations between the two countries and to build an international coalition to confront the organization Daash…

Read More: http://dinarupdates.com/blog/
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Poppy3 - I TRULY PERSONALLY FEEL WE HAVE NOW MOVED INTO A POSITION OF 50/50 AT ANYTIME RV.   NO ONE HAS A CLEAR CUT OUTLINE OF THE PROCESS FROM THIS POINT FORWARD. WE ALL KNOW MUCH ABOUT THEIR NEEDS AND THAT THEY ARE GETTING THERE FASTER NOW THAN EVER BUT THERE IS NO STEP BY STEP MODEL THAT WE HAVE EVER FOUND THAT SPELLS THIS PROCESS SPECIFICALLY.   RATE WILL BE AWESOME.  I DON’T BELIEVE AND THERE IS…ONE WORD OFFICIALLY THAT SAYS FLOAT PERIOD.  LOTS OF UNPLACED OPINIONS, BUT OFFICIALLY NOT A WORD EVER…   PEOPLE IN PLACE OF MONEY POSITIONS SAY FLAT RATE, HIGHEST RATE IN MIDDLE EAST AND AT PRESENT KUWAIT IS AT $3.58.
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Bondlady & Shredd & tlm724 - Yesterday [Monday] was an historical day for Iraq and for us as well. So they set the new gov minus 2 ministries…defense and interior ministers. They are supposed to do that next week…hopefully they will settle it quickly.   Investment law…the law of economic reform…including oil and gas law and the law of the infrastructure as well as the law of economic reform and the second amendment to the Investment Law 13 of 2006 and the Federal Budget Law for the year 2014 as well as the law establishing a public body to monitor the allocation of federal revenues, according to Article 106 of the Constitution. Pass those laws…that will bring international…global in

When we start seeing these passed and in the gazette, we are finally getting close.   With  (almost) the whole world stepping in to save Iraq from terrorist I can’t think of a better time for security reasons for them to implement and activate all these things.  If they pass those much needed laws…it will show the world that they can and will govern themselves!  Then I can’t see any reason for them not to add value to their dinar…IMO. Security, a strong army, a unified GOI passing laws and success will come quickly!
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Frank26 - The WB is looking for unity and stability, and we are seeing it on every front, military, political and financial (Rafidain and Rashid banks).   Do not be sidetracked by the “rejection” of the defense and interior ministers – this will not create a delay in the MR [Monetary Reform] …the nominations were not satisfactory, however this is no delay. There is ample evidence that the new GOI has been formed and meeting in secret taking care of business for some time…stability and unity is present and growing.

Abadi is dismantling all that Maliki did, and ensuring the Dr Shabibi is no longer being charged with false accusations… all charges against Dr Shabibi have been dropped. IMO, he will not return to the CBI.  It was a brilliant move to put Alawi, Maliki and Najafi together, it neutralizes them, and they can no longer bully anyone. The WTO is to arrive in Baghdad this weekend – we are very close.  IMO, I am still  looking for laws…today [Tuesday] we see the new GOI passing hundreds of laws.  When parliament returns on 9/16, we will see things happen very swiftly,  exactly what we will see I do not know.
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home7

Iraqi Dinar/Dollar auction 09-10-14

Currency Auctions Announcement No. (2767)

This daily currency auction was held in the Central Bank of Iraq on the 10-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 15
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                181,154,000
Total offers for buying (US$)                            181,154,000

Read More: http://dinarupdates.com/blog/

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Millionday - [Iraq has made HUGE payments to Kuwait in Dinar...and when it raises in value, Kwuait will CLEAN UP!]   THEY HAVE MADE AGREEMENTS WITH MANY COUNTRIES FOR PAYMENTS AND THEY ARE GOING TO MAKE A HUGE IMPACT ON THEIR HOLDINGS AND DEFICITS WITH THE CHANGE IN VALUE – THIS “EVENT ” IS EXPECTED TO IMPACT THE WHOLE GLOBE THIS WAY.
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Poppy3 - THE REST OF THIS WHOLE WEEK IS GOING TO BE FULL OF NEWS TRAVELING FAST…THEY ARE PUSHING SO NOT MUCH WILL BE DELAYED OVER THE NEXT TWO WEEKS …AS THEY WORK FOR WORLD RECOGNITION AND ACCEPTANCE ON THE NEW WORLD STAGE THEY JUST STEPPED ONTO.  I DO EXPECT TO KEEP HEARING WHAT WILL BE ALL GOOD NEWS AND POSITIVE PROGRESS…NO NEGATIVE AS THEY TIE UP LOOSE ENDS…

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pinocchio-smileyLONG copyTerryK - BUDGET FOR POST RV IS TO BE PASSED TOMORROW AFTERNOON.  WE ARE TO SEE THE RV BY WEEKS END…CMKM IS TO HAPPEN THIS WEEKEND.  RATES ARE STILL WHAT IM HEARING 8.16…DONG IS OVER 2 BUCKS.  I LOOK FOR A REAL INTERESTING DAY TOMORROW AFTERNOON.

(4 Pinocchio’s AWARD – complete B.S.)
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Tlar - Just heard from my guy.  He agrees.  No hold.  Full steam ahead for this week.  I hope he and [????? ]  are right …Here’s keeping my fingers and toes crossed that nothing changes.

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Presto Chango!! Tonite’s Call will be LIVE dial in

or Click-n-Listen!!

Smart phone user link – Click here

760-569-7699 pin#398647

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Tlar  - I heard pretty much the same thing but I also heard that last night the CBI, Abadi, Massum and Jubouri had declined to hold.  Iraq is serious and wanting to move on this.  Obama is playing politics, a game that Iraq can ill afford at this time.  This government needs to do something to show their people that this government is on the move from the get go and not stall based on requests by our administration.  They can only do this by immediately opening their economy and joining the world economy and to do that it is imperative that they move on their currency.  It is my belief that they will not hold as I was told last night…   I hope my information is more current than yours but I am not sure at this time.  My money is on Iraq doing what’s right for the Iraqi people and not letting our government continue to use this country or this project as a political football.  We should no more as to what they are going to do tomorrow.
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Randy Koonce - …a quick update on whats going on in iraq the past couple days, and why we are not seeing any movement on the RV yet…   Since the elections took place a few months back, the RV and the formation of the new Iraqi government were tied hand in hand, with the CBI making a move to RV the currency simultaneous with the new GOI announcement. A good part of the lengthy time that has taken place since election day was that influence from the Obama administration was being used to slow down the process.  Even when we had Obama on national TV preaching to Iraq to speedily form a new inclusive government, he would then in private calls request them to drag this out and take more time even asking them to go thru their constitutional timeline, which fortunately they didnt agree to. Now the past couple days…

…leading up to the formation of the government, the Obama administration has been in the ear of the CBI and the new PM Abadi with a new approach. …offering up a sweetened deal in order for them to hold off on the RV until after the first of January, or at least until after the elections in November…in return for holding off on the RV the USA will fully eliminate ISIS from Iraq. Obama has even offered to put boots on the ground in order to make this a deal that the Iraq government and the CBI are having a hard time passing up.  Now stating all of that…

…we do not know yet which direction the CBI will move, there have been ongoing meetings both yesterday and today between the involved parties, with Iraq trying to stand on their own and move forward with the RV and the process of country building, and on the other hand this administration putting pressure on the GOI and the CBI to follow their lead and do what they are told…at this time I do not know the outcome of these meetings. When I do find out which direction this is going, I will let everyone know…
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Tlar - first…no law is necessary for the RV to take place…   Shabibi did not need these laws to be passed when he attempted to RV the currency multiple times only to be stopped each time by the Maliki government dead in his tracts.  Turki did not need these laws when he planned to RV the currency in January of this year, also thwarted by the Maliki government. In addition when listing the things that Turki stated necessary to RV the currency, no mention of any law was apart of that list. 

second…it will not start at 1166 and “gradually” rise from there.   …the prime indicators…in early January 2013…the “delete the zero” program was back on again.  Turki was throwing softballs on this subject starting in early January of 2013 and anybody keeping their eye on the ball should have found it easy to catch this.   third…it will happen very quickly, not months from now.  Iraq needs to pass their budget quickly.  The currency is and has been tied to this budget since this budget was first written just as the finance committee told us, the guys who wrote this budget.  The ISIS will be dealt with quickly, and the RV will proceed, not follow the budget.  The rate will be between $3.00 and $4.00 and it will go down much faster than you all think even if I miss it by a day or two.
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“Another BIG News Day…” 

Dinar Talk INFO Call

w/BGG  – from Sept 9th

Click-n-Listen

Smart phone user link – Click here

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Poppy3 - EXCITEMENT REPORT:   …GOT TWO CALLS…BOTH SOLID CONTACTS INVOLVED FROM WASH [WASHINGTON].  THEY BOTH STATED ALMOST WORD FOR WORD WITHOUT KNOWING ONE ANOTHER.  THE TALK IS ISIS WILL BE DEFEATED IN IRAQ WITHIN DAYS…   THEY BOTH SAID BUDGET WILL BE IMPLEMENTED WITHIN A WEEK AND RV WILL SHOW WITHIN THE NEXT 10 DAYS TO TWO WEEKS —- NOW THESE ARE RUMOR OR THE TALKS BEING STATED ON THE STREETS OF THE CITY.  SOUNDS VERY FACTUAL AND POSSIBLE TO ME.   I BELIEVE THIS TO BE LEGITIMATE SOLID INFORMATION BECAUSE IT IS VERY MUCH IN LINE WITH MANY OTHER REPORTS FROM INK MILLIONDAY HAS BEEN BRINGING DAILY FOR DAYS.
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Millionday - APPLIED TO: Department of Commerce; Companies Registration Department, Sharjah to mediate the buying and selling of foreign currencies. DATED : 08/09/2014.”   HERE IS A PLACEMENT WITHIN CBI FOR COMMERCE AND THE CURRENCY EXCHANGE FOR THE DEPARTMENT OF COMMERCE — BUYING AND SELLING OF CURRENCY.  [it looks like the CBI is going to regulate currency exchange...and company registration...thru currency?]  THIS IS VERY INDICATIVE OF THE INTERNATIONAL RATES BEING SET TO A REALITY RATE — YES.
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Chattels - FOR THOSE OF YOU CONCERNED THAT MALIKI COULD / WOULD ASSUME THE PRESIDENCY OF IRAQ AS A RESULT OF THE DEATH OF THE PRESIDENT, I SUBMIT THE FOLLOWING:   Article 72:  In case the position of the President of the Republic becomes vacant for any reason, a new President shall be elected to complete the remaining period of the President’s term
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Kurds Agree to New Iraq Government, Opening Door to US War Strategy

By RUDAW

Iraq’s Prime Minister Haidar al-Abadi managed to have his cabinet sworn in at an uproarious parliament session. AFP file photo.

Iraq’s Prime Minister Haidar al-Abadi managed to have his cabinet sworn in at an uproarious parliament session.

BAGHDAD, Iraq – Embattled Iraq’s Shiites, Sunnis and Kurds cobbled together a last-minute government on Monday, as Washington said it needed an administration in place immediately before stepping up its role in the war…

Read More: http://dinarupdates.com/blog/
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Kaperoni - I wanted to tell you all about a little tidbit…most are aware of the CBI, Maliki, and the charges against Shabibi and the recent decision to give him a 7 year sentence and removal of Turki etc. which we all know is nonsense and Abadi already said Maliki had no authority to do so… here is the tidbit:   Back in 2012 Abadi was on the finance committee who investigated Shabibi and his report stated no evidence of any mismanage or charges…in fact, Abadi was a signature on that report.  So, i would expect that Abadi will clear Shabibi soon.   So I think we will see many good things happen in the near future.
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BlueyesinLevis - WE need to watch this weeks events.. we will have a much better idea of where we are at by the end of the week…  and certainly security and stability are the biggest goals.
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Millionday - THE NEW GOVERNMENT WAS SWORN IN —THEY VOTED AND THEN THEY WERE SWORN IN –  I RECEIVED…THE NAMES OF WHO WAS PUT IN FOR DEFENSE AND INTERIOR BUT…THEY WERE LEFT IN PROXY POSITION…  IT MAKES NO DIFFERENCE BECAUSE — THE FULL GOVERNMENT IS RECOGNIZED INTERNATIONALLY WITH PROXY POSITIONS IN PLACE— THEY SAY THEY WILL SWEAR THEM IN NEXT WEEK — WHICH MEANS THIS WEEK.  ABADI WILL HOLD THE POSITION OF ANY MINISTERIES THAT WAS NOT NAMED AND WILL HAVE THE NEW NAMES PLACED WITHIN ONE WEEK.  MALIKI…WAS SWORN IN AS VICE PRESIDENT.
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Millionday - THE BUDGET HAS BEEN CHANGED BY THE COMMITTEE AND IS TO GO TO MINISTERS AND THEN TO PARLIAMENT FOR PASSING.  THEY HAVE A FEW CHANGES THEY ARE MAKING… FINANCIAL CHANGES IN THE AMOUNTS USED.   THEY ARE SAYING THAT THE NEW GOV WANTS TO LOOK IT OVER AND WITH NO DELAY.
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12thman - O [Obama] to give speech tomorrow that will reveal needed info about our blessing.   This from a DC inside source that are close friends with the High Rollers.
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Poppy3 - THEY WILL NOT TAKE A LOT OF TIME OFF.   THEY HAVE TO KEEP PUSHING FOR COMPLETION OF MANY PROJECTS THAT ARE COSTING THEM MILLIONS A DAY WHILE WAITING.  YOU WATCH HOW FAST THEY ARE BACK IN SESSION AND MOVING FORWARD.  …THEY HAVE A DIFFERENT LEADER AND A DIFFERENT FRAME OF MIND.   THIS GUY IS A WORKER AND HAS ALREADY PROVEN HIS ETHICS ARE IN PLACE.  HE WILL BRING US SOME COMPLETION IN THE NEXT FEW DAYS IF UNIMPAIRED.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Chattels - It is the first day of a new era in Iraq. Maliki is no longer Prime Minister. It took 131 days from the date of the elections to “evict” him, but yesterday the Iraqi parliament voted upon the ministerial program and appointments of Haidar Abbadi, the new Prime Minister  We continue to wait and watch for our liquidity event. Godspeed the completion of the Iraqi banking sector reform project.
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Tlar - [So, we need the basket of laws passed for the rv? Parliament is adjourned until next Thursday...?]   No.   No laws needed.
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Kaperoni - …in true parliament fashion, after voting in Abadi tonight, they decided to take a week vacation.  Next order of business after they return will be the remainder of the 2014 budget…late next week.   Then the Presidency decided to adjourn the meeting to next Tuesday 16/09/2014…that is direct from Parliament website.  Iraq has had a problem for years doing nothing. Today is certainly progress.

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home7

Iraqi Dinar/Dollar auction 09-09-14

Currency Auctions Announcement No. (2766)

This daily currency auction was held in the Central Bank of Iraq on the 09-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                203,080,000
Total offers for buying (US$)                            203,080,000

Read More: http://dinarupdates.com/blog/

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Millionday - THEY ARE STATING THAT THE DEMANDS OF THE KURDS ARE TO ALL BE MET WITHIN 3 MONTHS AND THE PAY IS TO BE WITHIN — ONE WEEK.  HERE IS WHAT THEY MEAN WITH THE KURDISTAN PAYMENTS:   THEY WERE TO RECEIVE PAY FOR THE TROOPS AND ALSO THE CITIZENS WERE TO RECEIVE OIL PROCEEDS IN A — % — ALONG WITH THE REGION OF KURDISTAN — A % — FROM THE BUDGET AND AGREEMENT — – PAY WITHIN A WEEK IS AGREED ON.   IT WOULD BE PAID IN DINAR FOR THE CITIZENS IN COUNTRY AND EXCHANGEABLE FOR THE CITIZENS OUTSIDE IRAQ TO WHATEVER THE CURRENCY IS IN THE COUNTRY THEY ARE IN AT PRESENT. 

THIS IS THE THING — THE OIL IS PURCHASED IN US DOLLAR — AND THEN EXCHANGED TO DINAR FOR DISTRIBUTION TO CITIZENS BECAUSE IT IS THE CURRENCY OF IRAQ — IN ALL COUNTRIES IT IS EXCHANGED TO WHATEVER CURRENCY THEY USE FROM THE US DOLLAR THAT WAS PAID FOR THE OIL — IF CITIZENS ARE IN WHATEVER COUNTRY IT WILL BE EXCHANGED IN THAT COUNTRY AT THE ATM — OR BANK SO THEY CAN USE THE CURRENCY.  SO FOR THEM TO SAY THEY WILL BE PAID IN KURDISTAN IN A WEEK — IT IS VERY EXCITING.  …THAT IS AN AGREEMENT MADE WITH THE KURDISTAN GOVERNMENT.   THEY WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED AND EXCHANGEABLE TO MEET THAT GOAL. 
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Poppy3 - I WAS TOLD BY PRIVATE BANKER THAT THEY EXPECT A NEW RATE ON DINAR LATER THIS WEEK.

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WMAwhite - Reidar Visser:  “What a change for Iraq’s Maliki. He is moving from strongman PM to vice president with absolutely no powers.” 
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Iraq crisis: Parliament swears in unity government

Iraq’s parliament has approved a new government with Sunni and Kurdish deputy prime ministers, as it seeks to tackle Islamic State (IS) militants who have seized large parts of the country.

Saleh al-Mutlak and Hoshyar Zebari were approved under a power-sharing deal after weeks of political deadlock.

PM Haidar al-Abadi, a moderate Shia, was asked to form a government with the resignation of Nouri Maliki.

The US said the new government was a “major milestone” for Iraq.


Read More: http://dinarupdates.com/blog/

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Poppy3 - GOI IS SEATED AND OFFICIAL ACCORDING TO THEIR CONSTITUTION ALL IS WELL.  THE STEPS NEEDED WERE FULLY DONE…MORE WILL ALWAYS FOLLOW.   NEXT STEP ACCORDING TO NEWS WILL BE THE 2014 BUDGET AND THE 2015 WILL FOLLOW SHORTLY.  THE 2014 SHOULD ALSO REQUIRE VERY SHORTLY THE RATE CHANGE SO IT CAN BE FUNDED FOR MANY GOI PROJECTS TO BE RESTARTED…MANY INDEPENDENT CONTRACTOR HAVE LEFT BECAUSE THEY WHERE NOT GETTING SUPPLIES TO WORK WITH OR NOT BEING PAID FOR THEIR WORK SO THEY WILL NOW CONTINUE PUSH TO GET BACK ON TRACK FOR PRODUCTION.
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Kaperoni - Maliki, Allawi and Nujayfi are all VP’s now.  As some have stated this is a ceremonial position.
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Conflict intensifies to acquire CBI “booty”

8

Free - Intensifies in Baghdad these days, a conflict spoils of expression, which analysts say more accurate characterization of conflicts in the formation of the government, and all eyes in particular to the fate of the Iraqi Central Bank, which is the key to the crucial oversaw the country’s wealth.

In the midst of the struggle for the formation of the Iraqi government and the distribution of positions, Prime Minister outgoing Nuri al-Maliki in a pre-emptive strike last week to retain his influence on the state treasury…

Read More: http://dinarupdates.com/blog/
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TLAR ~ There is a new government in Iraq. It was touch and go as the sects, Sunni, Kurd’s and Shia all threatened early this morning to not show at the 8 o’clock meeting to vote the government in. Politics was getting in the way as each group tried at the last minute to better their position, jockeying for positions. The Shia as well as the other blocks made last minute changes to their list of Ministers. Badr,’s group, a SOL Shia faction was originally slated to get the Interior Ministry but at the last minute was eliminated and so he threw a hissey fit claiming that he and his block of 30 MP’s were going to boycott the 8 o’clock meeting preferring to throw the country under the bus rather that vote because he was eliminated early today.

They voted this afternoon and low and behold, Iraq has a new government. That sets the stage for everything to follow. The RV should happen this week. Laws that have been awaiting approval for months, some for years, concerning economy should be passed in a basket quickly. NATO will start the assault on the ISIS almost immediately. Better late than never.

Intel is holding that the rate will be above $3.50 per dinar. We are close. By late tonight or early tomorrow the news will report the fact that their has been a peaceful democratic change of government in Iraq. Tlar  
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Frank26 - Interior and Defense Ministers rejected.  PM Abadi says he will fill these positions himself until the new Parliament votes on them next week.  Mehdi who is with Islamic Supreme Council is now the new Oil Minister.  Jaafari is now the Foreign Minister.  ITEAM heard that Maliki, Allawi, and Najafi have been given Vice President positions.

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Arthur - SO WE KNOW NOW THAT TODAY PARLIAMENT OFFICIALLY APPROVED ABADI’S NEW COM, ALL BUT THE 2 MOST IMPORTANT POSTS OF THE DEFENSE AND INTERIOR MINISTRIES WHICH THEY WILL COMPLETE WITHIN DAYS AND WHICH HAVE NO BEARING ON THE VALIDITY ON THE TIMING OF THE INITIATION OF THE GOVERNMENTAL PROCESS AS WILL BE EVIDENCED BY THE AMERICAN AND INTERNATIONAL MILITARY RESPONSE TO ISIS WHICH THE AMERICAN PRESIDENT SAID WOULD NOT HAPPEN IN EARNEST UNTIL THERE WAS SUFFICIENT POLITICAL STABILITY IN IRAQ AND AS FOR MALIKI APPARENTLY BEING APPOINTED TO SOME CEREMONIAL VP POSITION…

THAT IS JUST TO KEEP HIM FROM BEING PROSECUTED AND STARTING A BIG POLITICAL UPROAR AMONG HIS MANY FOLLOWERS… WE CAN NOW MOVE ON TO THE NEWLY ELECTED PM HAIDER AL-ABADI’S 37 POINT GOALS THAT HE HAS FORMERLY ANNOUNCED HE WOULD START FROM DAY ONE OF HIS PREMIERSHIP WITH SPECIAL EMPHASIS ON POINTS 17 AND 35:  17. Mobilizing international support for confronting terrorism in Iraq  WE KNOW THAT THE U.S. ADMINISTRATION AND THE WORLD WILL NOW UNLEASH AN ALL OUT ASSAULT ON ISIS WHICH WILL OVER TIME EFFECTIVELY ELIMINATE THAT THREAT  35. Achievement of economic and financial reform and transition to a market economy.  WE HAVE NO WAY OF KNOWING THE SPECIFIC TIMING OF THE PROCESSES BY WHICH THEY WILL ACCOMPLISH THIS OBJECTIVE, BUT WE DO KNOW THAT A TRANSITION TO A MARKET ECONOMY WILL BY ABSOLUTE NECESSITY INCLUDE AN INTERNATIONAL REALITY RATE FOR THE IRAQI DINAR.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Delta - WE HAVE A NEW GOV…GOI IS A GO.

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Millionday - The names of the lineup the government of Prime Minister-designate Haider Abadi Deputy Prime Ministers: Bahaa al-Araji – National Alliance Saleh al-Mutlaq – National Union of Forces And Hoshyar Zebari – Kurdish blocs For candidates sovereign ministries and services: Foreign Minister – Ibrahim al-Jaafari.  [ Did Maliki really get voted in as VP?]   YES HE HAS BEEN VOTED THROUGH .  YES IT IS VICE PRESIDENT.   IT WILL HAVE NO BEARING ON US AT ALL.

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Stryker - 
It Is Official  Parliament Voted Confidence In Abadi’s Unified Governnmet.

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‘Stormy session’: Jim Muir, BBC News, Irbil

File photo: Iraq's Prime Minister-designate Haider al-Abadi speaks during a news conference in Baghdad, 25 August 2014

File photo: Iraq’s Prime Minister-designate Haider al-Abadi speaks during a news conference in Baghdad, 25 August 2014

Mr Abadi will have to demonstrate that he can keep Iraq’s different ethnic and religious groups happy

It was a sometimes stormy session, with many deputies making angry interventions from the floor.

But in the end, Haidar al-Abadi won votes of confidence for his ministers, one by one.

While many key posts went to the majority Shia community, Sunnis and Kurds were also well represented…

Read More: http://dinarupdates.com/blog/

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Kaperoni - Vote for Abadi complete.  He had 179 “yes”  votes and now the new PM of Iraq.  Individual minster votes are next.

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BlueyesinLevis - Once Parliament votes Confidence in Abadi it is a done deal.  Maliki instantly is Citizen not Caretaker.  A swearing in ceremony…nothing but a formality

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Kaperoni - Maliki is present and tried to delay the session at least 30 minutes…According to Tweets, Speaker Jibouri refused and they are proceeding.  They just did a recount to vote and 289 MPs are present!

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Aggeidad77 - today’s news is showing us that there is growing excitement towards the announcement tonight of the new government and hopefully a positive support and vote from Parliament on the announcement.  So…here we are on the 8th…and supposedly at 8:00 pm tonight Baghdad time we will see the final list of ministers from Abadi being presented to Parliament...though I believe he gave that list to the Speaker of Parliament this morning…so it can be reviewed in time for a vote tonight…we shall see…now [an] article mentions Sept 11th for the first time…could this truly be the last date for which Abadi would have to form his government.
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Kurds Agree to New Iraq Government, Opening Door to US War Strategy

By RUDAW

Iraq’s Prime Minister Haidar al-Abadi managed to have his cabinet sworn in at an uproarious parliament session. AFP file photo.

Iraq’s Prime Minister Haidar al-Abadi managed to have his cabinet sworn in at an uproarious parliament session.

BAGHDAD, Iraq – Embattled Iraq’s Shiites, Sunnis and Kurds cobbled together a last-minute government on Monday, as Washington said it needed an administration in place immediately before stepping up its role in the war.

Saleh al-Muttlaq , a Sunni, and Hoshyar Zebari, a Kurd, were sworn in as deputies to the Shiite Prime Minister Haidar al-Abadi, in a power-sharing deal that broke weeks of deadlock…

Read More: http://dinarupdates.com/blog/
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Breitling - Why can’t the dinar come out at $3.21?  There is a possibility of a high rate.  You have to know the difference between money supply and note count.  Wealth gets bigger and bigger as money supply gets bigger and bigger…it’s supporting the note count and as the note count gets smaller and smaller…guess what?  The value of those notes are going to go up more and more…so there’s even more potential for the revaluation.  It’s going to come up at a lower rate and it’s going to build up quick…sooner or later the Iraqi people are going to have to have purchasing power.  In 2013 they got the note count down from 6 billion notes to 4 billion note in about 6 months.  We have scoured everywhere to find out where they’re at in the note count and can’t find it anywhere and I doubt we will…it’s very strategic how they put that information out.

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Chattels - from my friend : DOORS CLOSED THEY’RE IN…EVERYONE ACCOUNTED FOR SYMPHONY PLAYING NATIONAL ANTHEM!!
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Administrator Bob - Over the weekend we had several excellent economic articles.  As well, today appears to be a day in Iraqi history as parliament will vote on Standing Committees as well as give confidence to the new unified Abadi government.  
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Millionday - THE ACTIVE ACCESSION… FOR WTO…WILL TAKE PLACE AFTER THEY LAUNCH TO THE MARKET ECONOMY — THEY STATED LAST NIGHT THAT WHAT THEY ARE DOING NOW IS MOVING IRAQ TO A MARKET ECONOMY ACTIVELY.  [Do they need to be members of WTO prior to the RV?]  NO THEY NEED A REALITY RATE PRIOR TO ACCESSION TO THE WTO.  [So Iraq is now article 8 compliant and a wto member?]   NO — THEY ARE IN ARTICLE 8…AND CAN BE AN ACTIVE MEMBER WITH THE REALITY RATE OF THEIR CURRENCY AND A MOVE TO A MARKET ECONOMY.

[you speak of the reality rate, what is the difference between that rate and the RV RATE?]   THE RATE THEY HAVE NOW WAS IMPOSED ON THEM AS PART OF THE SANCTIONS THAT WERE IMPOSED — IT DOES NOT REPRESENT THEIR VALUE AS A COUNTRY – THE REALITY CALCULATION WILL BE DONE WITH THEIR TRUE VALUE AND THE DINAR WILL BE GIVEN THAT PRICE WITH PAIRING TO ALL COUNTRIES.
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Jobouri instructs to distribute ministerial program on MPs

Baghdad (AIN) –The parliament Speaker, Saleem al-Jobouri, instructed to distribute the ministerial program on the MPs to vote on it during the evening parliament session.

Parliamentary source stated to AIN “Jobouri instructed to distribute the ministerial program that he received to the MPs to vote on it during the evening session.”                                                                                       Alliraqnews.com

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Kaperoni -  Article:   “The government today in front of Parliament“   big day..morning vote on committees, and evening vote of confidence for the new GOI.  [8pm Bagdad time]
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BlueyesinLevis - Quote:  “The Board of Deputies headed by Mr. Saleem al-Jubouri, head of the Council tomorrow, Monday, 09/08/2014 at eight pm session to give confidence to the government of Mr. Haider Abadi, the prime minister-designate“    Official Parliament Website – eight pm session to give confidence to the government of Mr. Haider Abadi, the prime minister-designate.

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Frank26 - IMO, the govt will be seated on Sept 10.  An article that the Rafidain Bank is advertising for merchants to accept their credit card and to subscribe to internet shopping; these things signal that an international rate is needed and imminent.   The Rafidain Bank in London was closed 24 years ago – it has just been reopened – Why now?  Again points to an international rate anticipated soon, IMO.  Last Friday, 7 ministers were introduced, and they met with officials from the USA, and I Team was guarding them; sitting with Abadi and the ministers was Shabibi — he was at this meeting; Abadi dismantled everything that Maliki has done, and all of Maliki’s accusations against Shabibi are false and will not be pursued; Shabibi is still in Iraq.  HCL is done, but it needs to be voted on.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Delta - Iraqia TV is saying the parliament will vote on the new GOI at 8 pm Monday (Iraq time); could be voted on Tuesday morning; however the USA is pushing hard for the gov’t to be formed and confidence vote very soon.  Information from the World Bank indicates that seating of this new GOI is very important for seeing our blessing, IMO.  …there is no indication of delays at this time, so it’s expected to see the confidence vote on Monday night or Tuesday morning.  The situation with Daash and ISIS is much improved, they are in retreat, and a top leader of ISIS was killed; several countries in the ME are cooperating to help eliminate Daash and ISIS.  Turki will be retired as governor, and then there will be an interim governor, however who the governor is not really important to us at this time, IMO.  The CBI has released the new 10K notes to replace the old, worn notes, not because of the RV.

The World Bank has the power and will be the one to increase the rate of the IQD.   An article from the WB states the fact that the rate of the IQD will be increased, with the contingency that they must see stability in Iraq before they will give the green light.  The opening of the Rafidain Bank signals that the rate is about to change, however the new GOI needs to be seated.  I’m really not concerned if the budget will be opened or not…only looking for the IR to be released – recalling that the new fiscal year begins Oct 1, historically the IQD has revalued around Sept 22, so IMO, Sept looks solid for something to happen; also, articles have come out stating that people will be paid, salaries will be increased, and places that Daash and ISIS have destroyed will be rebuilt when the IQD increases in value, so IMO, within 2 weeks of the new GOI being seated is a very interesting time to watch for a rate.  Banks are ready, all appears to be set and we watch and wait for the rate to come out on the CBI website.
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Eagle1 - Alerts have gone to banks that deal with foreign currency exchange…notice to prepare for a change…and IQD is on their screens without any rate.   The stage is set for change in currency rates and debts to be paid.  [Your opinion on opening the budget when the new GOI is seated?]   IMO, absolutely the budget will be opened immediately.
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Millionday - THE VOTE IS PART OF THE AGENDA TOMORROW AND THE ANNOUNCEMENT IN IRAQ WILL BE FORMAL AND AT 8PM THEIR TIME… OBAMA AND BIDEN AND THE UN HAVE MADE IT VERY CLEAR IN THE MEDIA AS WELL THAT IF THE GOV WAS NOT FORMED THEY WOULD PULL THE MILITARY HELP FROM ALL — I WOULD EXPECT THAT AN ANNOUNCEMENT OF WHAT THE US AND NATO WILL BE DOING WILL BE MADE RIGHT AWAY AFTER THE FORMATION OF THE NEW GOV.  THE ANNOUNCEMENT MAY NOT INCLUDE THE SWEARING IN AS WE HAVE SEEN IN REPORTS THAT WONT BE DONE UNTIL WED THEIR TIME SO COULD BE.  HOWEVER – AS FORMAL AS IT IS — I WOULD EXPECT THE SWEARING IN TO BE WITH IT — WE WILL HAVE TO WAIT UNTIL TOMORROW.  COULD BE EITHER WAY.

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Hub - one contact is a nyc currency bank to bank broker and sees the currency on his platform, one is ex military and now 2 year contractor in iraq and keeps her up to date on the things he sees and knows and…was told to expect it shortly after labor day…  [THE COMPANY THAT IS BUILDING THE REFINERIES AT THE NEW RATE?]  yes…the only way they would go back.
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home7

Iraqi Dinar/Dollar auction 09-08-14

Currency Auctions Announcement No. (2765)

This daily currency auction was held in the Central Bank of Iraq on the 08-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 19
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                265,331,000
Total offers for buying (US$)                            265,331,000

Read More: http://dinarupdates.com/blog/

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Kaperoni - Tweet…Two different #Iraq sources claim parliament will meet Mon at 8 pm to vote on new Abbadi government…Reidar Visser [an historian of Iraq]
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Hub - [no intel on dinar lately?]  couple of good good contacts are saying now…i think we are right on it…dont know how long, but not much.
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Stryker - 
The New Government of Iraq will be confirmed through a vote of confidence by the Iraqi Parliament at 8 o’clock tomorrow evening in Baghdad.
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Delta - URGENT FROM IRAQIA TV:  THE PARLIAMENT WILL VOTE ON THE NEW GOV ON MONDAY 8 PM IRAQI TIME. 
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Source: the government will be presented to parliament in the coming hours

Follow-up –  source confirmed Abadi’s office, on Saturday, the government presented to parliament in the coming hours.

The source said in a press statement, said the prime minister-designate Haider Abadi is making strenuous efforts to reach a cabinet in accordance with the parameters set by a competence and integrity.

The source added that “al-Abadi said hopes of all the political blocs to cooperate with him more in his quest for the efficient formation of a government capable of rejuvenating the country,” …

Read More: http://dinarupdates.com/blog/
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Chattels - from my friend:  IN SUMMARY WE MAY SEE THE MINISTERS LATE AFTERNOON TOMORROW MONDAY, AT LEAST THAT’S WHAT THEY’RE SAYING. THE BUDGET WAS FINISHED TODAY AND IT IS AS GOOD AS IT GETS AND IN THE WORDS OF COMMITTEE PRESIDENT TAMIMI  “WE ARE SUBMITTING IT AND THEY EITHER ACCEPT IT OR THEY DON’T”.   THE 2015 BUDGET IS READY TOO AND THEY WANT TO SUBMIT THAT FOR REVIEW SO THEY MAY BEGIN PROJECTS IN ADVANCE OF 2015 TO COMPENSATE FOR THE LOSSES FROM 2014.  THERE IS MUCH TALK ABOUT A MARKET ECONOMY AND THE PRIVATE SECTOR AND THAT IS VERY IMPORTANT TO THE MONETARY PROGRESS.   THERE IS RUMOR THAT ABU BAKR AL BAGHDADI  [ISIS LEADER] WAS KILLED BUT WE CAN NOT FIND ANYTHING TO BACK THAT UP. …PARLIAMENT MEETS STARTING AT 11 AM TOMORROW AND WE’LL BE THERE.
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Poppy3 - THE MEETING IN IRAQ DIDN’T END TILL NEAR 4AM THEIR TIME SO THEY ARE SERIOUS ABOUT FINISHING THE GOI AND THAT SHOULD RELEASE GOOD THINGS FOR YOU AND I .   THE COL CALLED ME ABOUT 8PM LAST EVENING AND SAID THEY HAD JUST WALKED OUT OF THE MEETING SO GUYS THAT TO ME IS HUGE AND THEY MUST HAVE MADE PROGRESS TO STAY THAT LATE.   I AM EXCITED.
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BlueyesinLevis - Article quote:  “political blocs to form a government anticipated ago and will be announced today or tomorrow, Monday.”  Abadi is trying to accommodate the blocs…some of whom are stubbornly still trying to get unqualified people appointed. Deal is there is a deadline and at some point…like it or not…Abadi will present his list of names. Then Parliament will vote on the entire slate.

Hakim, Sadr, Barzani, Allawi, Adabi, Joubari, Masum and all the other Maliki opponents will all vote for whoever the slate is…the numbers are there for Abadi and his slate to prevail, JMHO.   It is Abadi’s decision and he can pick whoever he wants…but he is trying to be inclusive…a wise leader but in the end they are gonna have to vote on whatever slate of names he submits. PERIOD.

Abadi obviously has the votes to get the vote of Confidence. That is what we are looking for right now…a final , solid, in the bag step forward…the formation of the new GOI, the seating of the ministers of Defense and Security and the dethroning of Maliki.  It will be a solid, huge day at long last…followed by Joubari passing a basket of laws…HCL… article 140 included.   we are gonna see the Constitutional formation of the Federation Council. We are about to witness what we have waited for for the last 4 years.
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Liberals: tomorrow we vote on Abadi government

الأحرار: غداً سنصوت على حكومة العبادي

Brother - Announced the Liberal bloc affiliated to the National Alliance, said the new ministerial cab will be presented on Monday to members of the House of Representatives for the purpose of viewing and voting on them…

Read More: http://dinarupdates.com/blog/
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Millionday - [The news articles are saying Abadi has until Monday but, I thought he had until the 10th?] HE HAS UNTIL MONDAY TO MAKE THE ANNOUNCEMENT AND THEN WILL BE SWORN IN BY WED.   BIDEN TOLD BARZANI THAT HE NEEDED TO STOP HOLDING UP THE FORMATION WITH DEMANDS OR THE NATO COUNTRIES WOULD PULL THEIR MILITARY HELP.
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Mnt Goat - The good news  is yesterday with pressure from the United States and NATO, Iraq had persuaded the political blocs to postpone the search to settle all the disputed…17 demands…until after the formation of the government, which awaits the international community.  These now continue to play a major role in the hold-up in getting this government fully formed…with the time deadline fast approaching this simply can not be fully resolved in time.  All the news we have been hearing as of lately about the blocs not sending appropriate candidates to Abadi for consideration is just leverage…political posturing…using this as leverage to prevent the formation of the government from going any further until they get what they want. Plain and simple!

NATO especially needs the new Iraqi government in order to lay the foundations of their support in the fight of the organization of the Islamic State “Daash” and they need it like yesterday.   …to help solve this deadlock and get some form of government in place by Tuesday, the political blocs are to postpone the search to settle all the disputed demands until after the formation of the government, which awaits the international community. There are times set to address these issues as priorities in parliament shortly after the announce of the new government.  When will they announce the new government? They will vote on the minister line-up on Monday and then make the announcement.
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Millionday - THE GOVERNMENT IS WORKING ON THE MOVE TO A MARKET ECONOMY NOW AND THE REFORMS THAT GO ALONG WITH IT — THEY HAVE MANY SPECIALISTS.  ALL THE PLANS AND DEVELOPMENT PAPERS ARE IN THE HANDS OF ALL THAT HAVE A ROLE IN THE REFORM PACKAGE AND ALL SPECIALISTS INVOLVED IN THE EVENT.  THEY HAVE COMPLETED ALL PLANNING AND NOW THE CITIZENS ARE BEING TOLD IN THEIR NEWS — THEY ARE GOING WITH THE CONSTITUTION AND MOVING IRAQ TO A GLOBAL ECONOMY. 

…THEY ARE ACTIVELY MOVING IRAQ TO A MARKET ECONOMY AS WE SPEAK.   THE REALITY OF THE RATE OF THEIR CURRENCY IS PART OF THE REFORMS AND ALL PACKAGES.  [We still have to wait for a seated government before we see any rv right?]   THIS WILL ALL OCCUR AT THE SAME TIME.  I DONT MEAN THE MINUTE UNLESS IT IS DONE BY ANNOUNCEMENT THAT WAY – BUT ALL LIKE DOMINOES.  SO THAT IS WHAT THE GOVERNMENT IS DOING NOW AND THAT IS VERY EXCITING.

THE ENACTMENT OF ALL LAWS AND ALL REFORMS WILL GO ALONG WITH THE MOVE TO A MARKET ECONOMY — THIS WILL BE DONE ALL AT THE SAME TIME.  THE MOVE TO A MARKET ECONOMY ALSO PUTS THEIR CURRENCY ON THE MARKET AND THE STOCK MARKET…AS WELL — BUT THE PRICE WILL HAVE TO BE CORRECT — AND IT WILL BE THE CALCULATED REALITY RATE.  IT IS A PRODUCT OF THE COUNTRY AS WELL.  THEY ARE SAYING THAT THEY ARE OPTIMISTIC IN ONLY BEING DAYS AWAY FROM THE MARKET ECONOMY LAUNCH DUE TO COMPLETION OF THE STOCK MARKET AND THE BANKS.
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GURUIntelTerryK - ALOT OF ATTENTION TO IRAQ AND THE ANNOUNCEMENT OF THE GOV.  IN FACT O [OBAMA] WAS TALKING YESTERDAY ABOUT THE FORMATION OF THE GOV.  STILL HEARING 8.16.   STILL HEARING OVER 2 ON DONG.  STILL HEARING THIS WEEKEND.
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Washington threatens Barzani: military support in return for reducing the demands of the Kurds to form a government

Threatened the American ambassador to Iraq Robert Stephen Beecroft Kurdistan Region President Massoud Barzani to withdraw military support, air and international organization to fight the so-called Islamic State (Daash) in the event of his insistence on the implementation of all Kurdish demands for the formation of the next Iraqi government, led by Abadi…

Read More: http://dinarupdates.com/blog/
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Poppy3 - NATO…HAD OBAMA STATE ON TV THAT THE USA IS COUNTING ON IRAQ TO HAVE A FULLY SEATED STABLE GOV NEXT WEEK …THAT WAS A LIVE BROADCAST ON TV.
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Mailman17 - MALIKI CANNOT RUN ON THE FAILURE OF ABADI FORMING. THAT IS WHAT IS SO SWEET ABOUT THE NA GETTING THE SOL TO TAKE PART IN ONE BIG COALITION WHICH WAS APPROVED BY THE COURT.   THE STATE OF LAW IS A PART OF THE NA.   IT CANNOT TAKE OVER IF ABADI FAILS. I BELIEVE HAKIMS PARTY WOULD STEP IN AS THE NEXT LARGEST BLOCK. THE SOL IS DEAD IN THE WATER AS IS MALIKI.   BUT I AM 100% SURE ABADI WILL HAVE HIS GOVT IN PLACE ON TIME IF NOT BEFORE…I AM LOOKING FOR SOMETHING BETWEEN NOW AND  MONDAY  …BUT EITHER WAY…HE WILL MEET HIS DEADLINE…JMO. 

AS FAR AS MINISTERS GO…ABADI HAS THINGS WELL UNDER CONTROL TO SATISFY ALL INVOLVED…SOME BLOCKS WILL ALWAYS…MOAN…BUT REMEMBER THAT ALL THAT IS NEEDED IS A QUORUM TO PASS HIS MINISTRY…AND THEY WILL HAVE THAT HANDS DOWN…WE WILL WAIT…AND I ALSO CONCUR THAT WITH A FORMED GOVT, THE BUDGET WILL FLY IN ALONG WITH WHATEVER LAWS THEY HAVENT ALREADY PASSED THAT IS PERTINENT TO MONETARY CHANGE…OUR RV. THE FACT THAT 9 PLUS COUNTRIES HAVE DEDICATED THEIR RESOURCES TO STAMPING OUT ISIS ALONG WITH A UNOFFICIAL SOFA…TELLS ME THOSE COUNTRIES ARE IN IT FOR THE LONG HAUL AS WELL…INVESTMENT AND RECOUPMENT…JMO

IF YOU ARE GOING TO RV…EVEN AT A BUCK…DOES IT MAKE ANY SENSE TO ANNOUNCE YOUR RELEASING A NEW VERSION OF THE 10K NOTE?  IF YOU LEAVE IT AT 1166….AGAIN…WHY RELEASE JUST 1 NEW DENOM…DOES THAT MEAN AS DRY AS IRAQ IS…THEY ONLY NEED A 10,000 NOTE…BS…THIS IS BOGUS INTEL AS IT MAKES NO SENSE EITHER WAY…TO ANNOUNCE THE RELEASE OF JUST 1 NEW NOTE MAKES NO SENSE EITHER WAY…IF YOUR GONNA LEAVE IT AT 1166…ANNOUNCE THE NOTES NEEDED…50, 250, 500 ETC.  IF YOUR GONNA RV AT A REALITY RATE….THE 10,000 NOTE NEED NOT APPLY…I TREAT THIS AS A BOGUS STATEMENT.
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Tman23 - When the President of the USA delivers a speech after a NATO Summit and announces Iraq will have a new government starting next week…How many of you think the executive office and the USA is going to be embarrassed in front of the world showing more weakness and failed policies by allowing Maliki, Iran, and Russia to keep the chaos in Americas pet project… AIN’T GOING TO HAPPEN!! 
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National: the end of the negotiations, the blocks and the government will be announced tonight

.نائب عن الوطني: انتهاء مفاوضات الكتل وسيعلن عن الحكومة الليلة

Deputy for the National Alliance said that “negotiations to form a government between the political blocs is over,” he said, adding that “the ministerial cab will be announced on Sunday night” …

Read More: http://dinarupdates.com/blog/
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Poppy3 - JUST THOUGHT OF SOMETHING ELSE THAT IS VERY IMPORTANT INFORMATION ON THE NEW GOI TIMING. IN MY BEST CALCULATIONS ABADI APPEARS NOW TO BE GETTING CLOSER THAN EVER TO HIS MANDATORY TIME TABLE FROM MY CALCULATION HE HAS ONLY FROM 48 TO MAX 72 HOURS TO SET THE GOI AND GET THIS BALL ROLLING. THIS IS GETTING VERY EXCITING.
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Blueyesinlevis - Article:  “Abadi instructed the formation of the Iraqi government to succeed Nouri al-Maliki   Quote:  “…shut down military and police forces perimeter of the Green Zone and prevented the movement of vehicles towards the House of Representatives, except those with special permits to cross.”  THEY ARE SHUTTING DOWN THE GREEN ZONE, FOLKS…that is news…and different and telegraphs that they are about to gather for real...and they dont want any more of Maliki’s shenanigans…or trouble from Maliki Jr.
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Tlar - Close but still no banana as of yet. Signs look good. Articles are all pointing to it is done. We will see. If by tomorrow we have no announcement, it will mean that there are potential problems. There is enough votes between the Shia and the Sunni to seat this government and Abadi has bent over backwards to appease everyone. So it should get done.Rv will follow with 48 hours if they do.
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home7

Iraqi Dinar/Dollar auction 09-07-14

Currency Auctions Announcement No. (2764)

This daily currency auction was held in the Central Bank of Iraq on the 07-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 17
Auction price selling dinar / US$                    1166
Amount sold at auction price (US$)                179,523,000
Total offers for buying (US$)                            179,523,000

Read More: http://dinarupdates.com/blog/

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Tman23 - My take…Maliki is preparing for a failed Adabi government formation, the closer they get to the 9th the more likely Maliki will attempt to disrupt the vote so he can use the constitution to justify his taking overBiden is coming to town…the guy is known to be a vicious bulldog and …I guarantee you that Biden will deliver to Maliki his eulogy…And remember the executive order that came into play back in May…. Any ‘BODY’ that threatens the democracy of Iraq “When the executive office of the USA shows up it is game over.
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Mnt Goat - The good news today is more names for the ministerial cab of Haider Abadi, have been announced. In addition three of the candidate deputies for each of the President and the Cabinet have also been announced.    So what are the reasons for the delay?  The sources indicated that the finance ministry is still contested by Rose Nuri Shaways and Barham Salih and this is the current hold-up.   I am told now there are still other remaining ministers still in dispute and this should be resolved today or tomorrow. I am told even if they do resolve this these ministers, speaker Al-Jubouri will hold off until Monday to take the vote of confidence on this new government.
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Tman23 - Parliamentary sources revealed Saturday that the next few hours will witness the arrival of us Vice President Joe Biden to Baghdad to resolve the Government formation, with the charge of Haydar Al-Abadi and strong Union representatives are to meet Monday to resolve the contentious points. The source said that “an important meeting between designated Government, Haider Al-Abadi, a strong Union representatives today to resolve the contentious points on the Government.” The source, who asked not to be named, said us Vice President Joe Biden will arrive in Baghdad within the next few hours to form a Government. “ 
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Kaperoni - Abadi tweeted this tonight [Friday]…”Cabinet reshuffle in its final stages and the reasons for the delay is a delay in the delivery of blocks of candidates and the insistence of other blocs to put up candidates …
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Retweeted by Dinar Updates

Haider Al-Abadi @HaiderAlAbadi · 2h

Cabinet formation is in its final stages. Reasons behind delays are firstly that some blocks held off on presenting their candidates (1)

Secondly, the insistence of some blocks on candidates that do not have the necessary qualifications & specifications which I first outlined (2)

I had hoped all blocks would cooperate for swift formation as they witness challenges Iraq faces& Iraqi ppls eager anticipation for new govt (3)

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Poppy3 - Article quote:  ”Parliamentary sources revealed Saturday that the next few hours will witness the arrival of us Vice President Joe Biden to Baghdad to resolve the Government formation, with the charge of Haydar Al-Abadi and strong Union representatives are to meet Monday to resolve the contentious points. The source said that “an important meeting between designated Government, Haider Al-Abadi, a strong Union representatives today to resolve the contentious points on the Government.” The source, who asked not to be named, said US Vice President Joe Biden will arrive in Baghdad within the next few hours to form a Government.

announcements also stating the FINANCIAL REFORM PROCESS WILL BE IMPLEMENTED ALMOST IMMEDIATELY WITH THE NEW GOI BEING SEATED. FINANCIAL REFORM WILL INCLUDE HCL, 140, TARIFF, ALL GOI CONSTRUCTION PROJECTS, THE TWO BUDGETS FOR 2014 AND 15 AND THEY REQUIRE THE RV.  WE CAN ONLY PRAY…THEY…DON’T FIND SOME REASON TO DELAY AGAIN…AND THERE ARE NO DELAYS OR DISRUPTIONS FROM MALIKI .   ABADI IS PUSHING FOR COMPLETION.  IRAQ AND ABADI ARE DOING THE JOB AND WE ARE GOING TO REAP BENEFIT FAST.
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Millionday - THEY HAVE MADE IT VERY CLEAR THEY FINALLY AGREE ON THE BUDGET. THEY ARE EXPECTED TO VOTE ON IT.  [if they vote on it , will the rate come out?]  WE WILL KNOW VERY SOON.  WHEN THEY LAUNCH THE ECONOMIC REALITY IT WILL BE WITH THE REALITY RATE.  THE REALITY OF THE VALUE OF THE DINAR WILL BE APPLIED WHEN THEY ENTER THE GLOBE AND ACTIVATE ALL ECONOMIC REFORMS /ADMINISTRATIVE/AND ALL OTHERS — ALL AT ONCE – DATE AND RATE WE DONT KNOW.

THEY ARE SAYING THAT SATURDAY WILL BE THE VOTE ON THE NEW GOV AND SOMETIME BEFORE MONDAY WILL THE ANNOUNCEMENT.  VERY INTERESTING WITH THE ANNOUNCEMENT OF SO MANY COUNTRIES HEADED INTO IRAQ THAT WERE WAITING FOR THE GOV FORMATION. HE [ABADI] HAS DONE A GREAT JOB AND WOULD NOT HAVE CALLED FOR A VOTE YESTERDAY IF HE WAS NOT READY IMO.

ABADI PROMISED THIS MORNING THAT THE GOV WILL BE DONE WITHIN HOURS — AND THE NATIONAL ALLIANCE HAS STATED THAT IT WILL BE AND ALSO BARZANI HAS STATED HE WILL GO ALONG WITH THE PROGRAM.   IT SEEMS BIDEN SHOULD BE THERE FOR THE ANNOUNCEMENT.   THIS WEEKEND SHOULD BRING THE BUDGET AND THE FORMATION OF THE GOVERNMENT WITH THE AMNESTY LAW AND LAW OF ACCOUNTABILITY AND JUSTICE.   THIS IS WHY ALL ARE SO EXCITED –
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EXOGEN - Article quote:  “A source in the Prime Minister’s Office in charge of Haider al-Abadi, said on Saturday that al-Abadi assures the Iraqi street to form a government on time…“   THE CONSTITUTIONAL DEADLINE HAS NOT CHANGED.
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Check out the Dinar Corp 120+Max – it’s EQUITY!!

Commercial Solicitation

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Frank26 - The 10K will be coming out and will COEXIST.  With what?  THE LOWER DENOMS!  But 1166 is ok with K notes BUT with LDs IT creates a negative value unless the rate of the IQD has been changed …Increased that is.  Is that a question?  Ahhhhhhhhhh…No.  It’s a fact.
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Adam Montana - things are shaking up fast in Iraq right now and the news just keeps rolling in!  I think we’re REAL close.  With any luck, you won’t be hearing much more from me…GO RVVVVVV!
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Breitling - It’s very simple…Right when they put out the new currency…the notes you and I have…the indicator was the note count.  What is the indicator we’re looking at now–with the insurgency and everything else?  During all this the indicator is the note count.  Watch the math and you’ll see what is coming down the road…it doesn’t matter what Obama says, ISIS does,  or what Maliki does in the end you and I still have to watch the note count cause that will be the indicator…rainy day sunny day it doesn’t matter it’s always the note count.
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BGG ~ I have heard I may have not been “positive enough” on the call last nite… so let’s review…

1) Will they seat the new government soon??

BGG - More than likely – give or take a day or two here or there – but they are headed the right direction (for now)…

2) Will they RV their currency soon after??

BGG - I know what the rumor mill is churning out. They very well may move on their currency immediately after seating the new government. Lord knows they need to. They are even in compliance with IMF guidelines now – so it is at least a realistic possibility (should they decide). However, is any of this a guarantee? No. Though IMHO I think the realistic chances are somewhere in the neighborhood of 70/30 to the good as a very short term outlook (once the new GOI is seated).

What I have said – and still stand by…is currency reform will again be a very public topic shortly (should they not handle it immediately). The Finance and Economic committees in Parliament were screaming for this right before the elections. There are already news articles coming out (as of yesterday) in public again. One way or the other – this will get dealt with. 

However, if 70/30 odds in your favor is not good enough as a short term outlook, if you only listen when the narrative is all “rainbows and kittens” – I may not be the source for you. In fact, Iraq may not be the venture for you. Iraq is a brutal, turbulent, unpredictable investing environment…it can be (and has been) tough on the nerves but, as with many such volatile investing environments – it holds the promise of a huge upside.

Hang in there - BGG

Read More: http://dinarupdates.com/blog/
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State of Law: the line-up was completed and weights them to vote next Saturday

BAGHDAD ((eighth day)) Prime Minister-designate Haider Abadi, a meeting with the negotiating committee of the National Alliance to discuss the lineup of the next government amid reports the completion of ministerial cab.

The MP said the coalition of state law in the WIN Coalition Hisham al-Suhail said in a statement reportedly told ((eighth day)): “The line-up was completed and remained the finishing touches to its announcement, and that the meeting is being held between Abadi and the negotiating committee of the alliance and another meeting will be held this evening to put the finishing touches to the cabin ministerial. ”…

Read More: http://dinarupdates.com/blog/
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Delta - URGENT FROM IRAQIA TV:   CBI INTRODUCE THE NEW 10000 DINAR NOTE. OLD AND NEW WILL COEXIST.
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Stryker - I have always said, the closer Iraq gets to a real democracy the more the ones that want to rule by dictatorship try to interfere. That’s right, the ones interfering most are Maliki and his supporters. See, if he can interfere enough and cause the 30 day constitutional timeline to expire then they can insist that the new President declare al-Abadi’s new government a failure and tryb to make him announce another designate Prime Minister.  This is in no way what I believe is going to happen, matter of fact I believe that Abadi’s new government is very close and we could see a special session called at any time…
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Mnt Goat - Today is Friday and it is a Moslem holy day…Do not expect much politics to be accomplished today. Abadi managed to formulate what is called a “unity” document. I have learned this document contains guarantees for the 17 demands from the blocks and is essentially a road map for the next four years and what they need to accomplish. All have signed it and agreed.  So we know that the names were submitted to parliament from Abadi. Parliament is supposed to hold an emergency session on Saturday to confirm the ministers, deputies, vice president and the new prime minister.  This is all about to end.
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Deputy: the nomination of al-Maliki and Allawi and Najafi, Vice-President of the Republic and foreign al-Jaafari

[Baghdad-where] - Deputy for the National Alliance said that “three of the leaders of the political blocs in agreement candidates for the posts of vice-president of the republic.”

Said Hisham al-Suhail, a deputy from the state of law in the WIN Coalition told all of Iraq [where] “will be the President of the Republic, three deputies, according to political agreements, has been nominated as Prime Minister outgoing Nuri al-Maliki for the National Alliance for one of these positions.”

He added, “has been nominated in a major national coalition of Iyad Allawi, Osama al-Nujaifi and united positions of others.”…

Read More: http://dinarupdates.com/blog/
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TD - Comments from my Kurdish friend to share but as always treat as rumor…  Exhausting negotiations going on between all parties to name all cabinet seats and looks like it will go down to the wire. Another hurdle is getting the necessary votes in parliament to approve all. Check back in my earlier posts where I indicated October/November timeframe for a stable & functioning government to be formed and this is still a realistic (but difficult) agenda to carry out. The wild card of influence to get a government formed is the USA and others who are demanding action be coupled with assistance.

Few rumors to dispel: Maliki is just hanging around as the “elder statesman”.   He has no real might, influence or any political life left. Turki has not retired but it may be that he might if he is not in sync with Abadi and the new government’s agenda once the new government is formed. They are not on the same page on all economic reform issues but that’s nothing new in Iraqi politics. And the RV/RD/RI? Rumors saying that a contingent element of government formation is the RV. NO (says my friend) an emphatic NO!   Word is Abadi won’t even address economic reforms and relative pertinent issues of such till much later when he officially gets the job of PM.

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Aggiedad77 - Abadi goes on record as saying he will “out” the names of the blocs and the names of the individuals who are attempting to throw roadblocks in the way of the new government…..this man appears to be ever so serious about a government of unity….a government of competency and integrity. More power to him at this point.
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pinocchio-smileyLONG copyEXOGEN - 
1. JOE BIDEN WILL BE IN IRAQ WITHIN THE NEXT 24 HOURS OR LESS  2. GLOBAL DIGNITARIES ARE IN IRAQ  3. NATO HAS AGREED TO MEET ALL DEMANDS OF IRAQ TO FIGHT TERRORISM  4. PAY CLOSE ATTENTION TO GOLD AND METALS MARKETS  5. THE NEW GOI WILL HAVE 32 MINISTERS/MINISTRIES  6. THE FORMATION AND ANNOUNCEMENT OF THE NEW GOVERNMENT WILL EXECUTE AND FACILITATE THE BUDGET ADOPTION  7. GLOBAL HISTORIC REDEMPTION BONDS ARE NOW IN MOTION  8. MANY MISDIRECTION ARTICLES ARE COMING OUT OF IRAQ  9. THE NEW IRAQ GOVERNMENT ANNOUNCEMENT IS EXPECTED ANY MINUTE  10. OFFSITE EXCHANGE CENTERS ARE NOW READY AT UNDISCLOSED LOCATIONS NATIONWIDE FOR LEAD BANK.

11. LOOK FOR PARALLEL & SIMULTANEOUS ANNOUNCEMENTS FROM OBAMA, YELLEN, UNITED NATIONS, & ABADI  12. 1 CURRENCY MAY BE DELAYED  13. THE USN’S (TRN’S) ARE ACTIVE GLOBALLY AND ARE PROJECTED TO BE LIVE IN THE USA WITHIN THE NEXT 72 HOURS  14. THE GOVERNMENT OF IRAQ IS COMPLETED 15. IRAQ NOW HAS AN INTERNATIONALLY TRADEABLE CURRENCY 16. PRESSURE IS ON THE USA OFFICIALS TO MAKE ANNOUNCEMENTS OF NEW FINANCIAL SYSTEM , CURRENCY REFORMS, & GOVERNMENT CHANGES  17. ABADI IS NOW DOWN TO 72 HOURS TO ANNOUNCE THE NEW IRAQ GOVERNMENT TO THE WORLD  18. THERE ARE NO MORE MANUFACTURED DELAYS EXPECTED OR PROJECTED  19. THE CELEBRATION IN IRAQ IS EXPECTED TO START SHORTLY  20. THE GLOBAL CURRENCY RESET IS COMPLETED.

(This one should get a 3 Pinocchio award!!)
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A source familiar: the new government would cancel (the) recent Maliki appointments

BAGHDAD / Baghdadi News … informed sources, on Thursday, about the intention designate to form the next government, Haider Abadi cancel all appointments made by the Prime Minister outgoing Nuri al-Maliki in the recent period, indicating that the al-Maliki ordered the transfer of bureaucracy and appointed a number of senior employees and military leaders in new places state institutions.

The source said in a statement to / Baghdadi News / “The Abadi seeks to cancel appointments orders issued by al-Maliki in the last three months of his chairmanship of the government.”…

Read More: http://dinarupdates.com/blog/
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BlueyesinLevis - Article quote:  “the government of Prime Minister-designate Haider Abadi will see the light in the coming hours, as pointed out that the government will consist of 32 ministries.“   Abadi tried to shrink the GOI…eliminate Maliki’s useless, top heavy bureaucracy…but I think that as the negotiations advanced there were so many demands that he was forced to expand the number of ministries back up in order to satisfy all the blocs.  Smaller government…local control…less red tape…less federal regulation…Abadi had the right idea…But the political class was having none of it.  JMHO.
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Kaperoni - Article:  “State of Law: the line-up was completed and weights them to vote next Saturday“  Quote:  “to vote on the new government in parliament during the next two days and at the most may be next Saturday session dedicated to this purpose.“   Let’s hope we can say this new GOI is done by Sat night.
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Thursday Round Table w/Millionday Part 1

Thursday Round Table 9/04/14    Post By Rudie

Welcome to www.dinarupdates.com with Millionday

[millionday] OK HERE WE GO EVERYONE

[millionday] Baghdad: favored a parliamentary source, on Thursday, an emergency session of Parliament this evening to vote on the government in charge of its formation Haider al-Abadi. The source told “tomorrow Press”,

“The MPs are waiting Assadaaúhm pm today, tomorrow, or the day of the vote on the Government Haider al-Abadi,” likely to “be it on Thursday evening.”

[millionday] NOTE — EMERGENCY SESSION IS ALWAYS GOOD AND THIS TIME IT IS FOR A VOTE ON FORMATION OF THE NEW GOV

[slh5282] so that would be like now?

[DinarGroupie] Millionday is there a time stamp on that article?
~~~

Read More: http://www.dinarupdates.com/showthread.php?14383-MillionDay-Round-Table-Thursday-September-4-2014

And seen on: DinarReCaps.com
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Poppy3 - UST – REPORTS THAT THEY INSTALLED ALL NECESSARY SOFTWARE TO ALLOW IRAQ WORLD WIDE FUND TRANSFERS AND ARE ABLE TO COMMUNICATE WITH WORLD BANKING PROGRAMS FOR INTERNATIONAL BANKING AT ANYTIME. THIS WAS COMPLETED ABOUT 9 MONTHS AGO.   WHEN THEY GET READY THE SYSTEM IS READY.
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Breitling - You and I are sitting on dinar for 1 tenth of a penny…if you walk into a bank they will exchange it for 1/10 of a penny…Iraq doesn’t need to come up with anything.  This isn’t a “cash in”…it’s an exchange of an equivalent rate.  The term “cash in” is NOT correct terminology.  Iraq doesn’t have to buy back anything…it’s a barter exchange.  For example–you hold what is essentially a foreign currency reserve…an investment.  When you bring it to the bank it goes into their foreign currency reserves and/or it could be exchanged with the UST and sit in their foreign currency reserves.  There is NO rule that says Iraq has to exchange for dollars…but do you think they are going to throw away that opportunity to get that dinar back?  No.  They’ll probably exchange it for oil, for gold, for services or whatever and that’s how it works.  One more  scenario…  

let’s say you and I get lucky and it’s a huge rate…do you think you’re going to go to Bank of America or Chase Bank and ask for 5 million dollars in $100 Bills?  They are not going to give you cash!  What they are going to do is take your currency and they are going to certify it and then they are going to send it to the Treasury Dept.  Then they are going to make sure it’s all Kosher and not counterfeit and then they will release the amount into your bank account…it will be electronic at first and then whatever the bank agreement is how it will release it to you.
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Thursday Round Table w/Millionday Part 2

Thursday Round Table 9/04/14    Post By Rudie

Welcome to www.dinarupdates.com with Millionday

[millionday] NOTE — LET ME EXPLAIN THIS PART TO YOU

[millionday] BANKS ARE ONLY REQUIRED TO HAVE ON HAND A CERTAIN % OF THE MONEY THAT IS DEPOSITED IN THEIR BANK AT ALL TIMES –

THE REST THEY ARE ALLOWED TO LOAN OUT FROM BANK TO BANK OVER NIGHT AND GAIN — ALSO INVEST ECT —-

[mrref1216] Well thats good news for the people wanted to do contract work, because there is no one moving into Iraq as long as ISIS is there…

[millionday] THIS IS WHY THEY ARE AFRAID OF A “RUN ON THE BANKS”
~~~

Read More: http://www.dinarupdates.com/showthread.php?14383-MillionDay-Round-Table-Thursday-September-4-2014

And seen on: DinarReCaps.com
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Tman23 - The head of the Iraqi Parliament, Salim Al-jubouri told MPs that in any moment to announce the formation of the new Government.
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Mnt Goat - So today’s news is all excellent once again as we continue down the road of success for forming the new Iraq government.  THE ANNOUNCEMENT IS DELAYED BUT ON TARGET FOR COMPLETION NLT SATURDAY!  (and so we are now told) Now we see Abadi sent the names of his minister team to parliament for a vote to confirm them.  The stage is now set for something significant to happen. We know parliament has been having meetings and sessions in the background all along…We know they may be having an emergency session of parliament today to confirm the cabinet.  We know that there are other meetings scheduled for today. The Bretton Woods meeting on speeding up the global currency reforms and the decision vote in NATO to support Iraq in its fight against ISIS.

…some are saying that when this government is finally announced there will be a “basket of laws” all at once that also will be announced…Also the RV must be done just prior to or just after since many of these laws are dependent on the revalued currency.  One of the first steps taken by Abadi…was to form committees.  They had sessions and would meet regularly to discuss their demands…These meetings are now concluded. This list has been handed to speaker of the house Jubouri.  By the way the revaluation of the currency is also one of their demands.  The RV will not occur until all these demands are met. As I keep telling everyone there is a plan for rollout of the RV. These demands are not new to the plan…Then when can we expect the RV?  All I will say is what I have been saying all along we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated. 
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Nova - In 2012 & 2013 The GOI Was Able To Use The USD.  Why Did The Old GOI Not Pass The Budget For 2014?  Because In 2014 The GOI Can Only Use The IQD Settle Its Accounts.  No Government In The World That Must Settle Accounts In Its Own Currency Is Able To Do So If It Does Not Have A International Currency, Regardless Of The Exchange Rate.  The HCL Requires Many Thing, The Most Important Is For The Government To Have The Money To Fund IT.
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Enorrste    ["the new government will take nominations for the posts of governor of the Central Bank and the Financial Inspection Office and according to the legal institutions and the mechanism set forth therein."   Does this mean that the new guy is only temporary?]   you are correct.  The appointment made by Maliki is temporary and when the new GOI is formed the position will be filled by the new PM and the approval of Parliament, as per the constitution.  This new guy is temporary only.
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Chattels - FROM AL ARABIYA TV THE DELAY AT THE MOMENT IS THE USA HAS SENT ADABI BACK TO THE TABLE TWICE TO FIND A SUITABLE MINISTER FOR DEFENSE. THE FIRST TWO CANDIDATES WERE NOT ACCEPTABLE. LET ME FIND IT IN INK
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Adam Montana  [Since Abadi has been elected PM, he has accomplished more in 2 1/2 weeks than Malaki has done in 10 years.  Do  you think this will click on for awhile?]  I’m seeing a LOT of positives with the changes made recently… I think the next couple days or weeks at the most will tell us all we need to know!
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Rafidain bloc: the formation of the new government will facilitate the adoption of the budget

 http://www.dinarupdates.com/showthread.php?14387-quot-The-Dinar-Daily-quot-Friday-5-September-2014&p=72997&viewfull=1#post72997

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Frank26 - We told You they would Announce the Ministers on the SECOND…They did and You read about it on the THIRD…Yesterday. Then said they would give You ALL of GOI by the TENTH. From this juncture we split into TWO scenario possibilities…IMO. On …9/11 …Will they sit as a GOI? I believe Yes….. OR … Within THIS MONTH of SEPTEMBER. Will they show us an IR? IMO …….. They HAVE to !!! Now here is where the road can turn…

…IMO ….They can also sit and CONTINUE to HIDE an IR until they feel ready with things like the HCL. Is this logical? No… But IMO it is what they have been DOING since 2012. Finally … They can also announce the Ministers and …. NOT SIT… Holding on to an IR. Take Your pick from this menu of GOI options…. We feel the need of TWO more weeks before…. IT. Lastly… One should not forget The Patterns of Iraq…. Even with this NEWNESS abound in the GOI. Turki once said… “You will be Surprised”… He is so correct… As agonizing as waiting can be…. Don’t be surprise when they put it all together in the near proximal future.
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Stryker - Article Quote: “the negotiations between the political blocs is over, noting that the final touches are underway for the announcement and vote on them next Saturday.” HERE IT IS FOLKS, THEY ARE DONE WITH NEGOTIATIONS, AND ALL THEY NEED NOW ARE A FEW NAMES TO BE RE-CONSIDERED AND A VOTE OF CONFIDENCE ON AL-ABADI AND HIS CABINET…WE SHOULD SEE THIS BY SATURDAY ACCORDING TO THIS ARTICLE.
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Tman23 - A few things I find odd…… Turki retiring and replaced on Sept 2nd which was preceded by other people in areas of finance being replaced…..And the Kuwait Dinar dropping to 3.49……. There are some significant currency moves being made over the past week……. It may all be a coincidence which is something I don’t believe in.
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Dr. Haider Abadi present his cabinet to the President of the House of Representatives Saleem al-Jubouri

Dr. Haider Abadi present his cabinet to the President of the House of Representatives Saleem al-Jubouri

A source familiar shortly before Prime Minister-designate, Dr. Haider Abadi presented his cabinet to the President of the House of Representatives Saleem al-Jubouri, the source said in an interview with the news agency Buratha I can assure you that Dr. Abadi handed the government formation to Salim al-Jubouri, without giving further details.

The head of the Iraqi Council of Representatives Saleem al-Jubouri, told members of parliament preparedness for an emergency session on Thursday or on Friday to announce new government…

Read More: http://dinarupdates.com/blog/

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Poppy3 - Defense Secretary Chuck Hagle Speaking…CNN…stated that we hope to have a stable Government in Iraq by next week .

BIG NEWS!  HE [MALIKI]  IS TRYING TO GET CONTROL OF THE CBI AND IS TRYING TO INFLUENCE THE NEXT CHOICE OF GOVERNOR OF CBI BUT IT IS NOT WORKING.

USA TROOPS BEING PLACED ALL AROUND GREEN ZONE PROTECTING NEW GOI PERSONNEL FROM ANY MALIKI INFLUENCE TILL [HE] IS GONE WHICH SHOULD HAPPEN BETWEEN NOW AND THE 9TH AND THUS THE ANNOUNCEMENT…ON CNN.

WHEN THE NEW GOI IS SEATED WITH NEW PM THEY WILL IMMEDIATELY BE CONSIDERED A STABLE GOI AND MY PREDICTION WE WILL SEE A VERY FAMILIAR FACE RE-EMERGE AS CBI GOVERNOR AS MALIKI IS OUT.  JUST MY THOUGHTS AT THIS TIME AND ONLY TIME WILL TELL. 
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Tman23 - Maliki has been appointing positions which is unconstitutional for the caretaker government, most of these positions are in the financial area, the others are military. It appears that what has been rumored is true and that Maliki may be planning a late stage attempt at a coup. We had a Tuesday Parliment session where green zone security was breached by protestors over “spyker” and they made their way inside the Parliment building, reports say many prostesters were chanting Maliki as they were in support of him. Then on Tuesday we expected to see the CBI make a move, Maliki moved as the CoM replaced Turki. Before the 9/2 I had posted where Maliki was assigning new positions for certain people which was in the area of finances….. Iran, Russia, and Maliki are working hard to keep things from progressing.
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Chattels - from my (Arabic speaking) friend : “THE RIDE IS COMING TO END, REMAIN SEATED AND KEEP YOUR HANDS IN THE CAR.”
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“Will they??”

Dinar Talk INFO Call

w/BGG  – from Sept 4th

Click-n-Listen

Smart phone user link – Click here

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TLAR - Randy is correct on his assessment of who stopped this.  His statement is as an objective observer not a bias person.

Don’t be so hard on the intel folks.  In the overall picture most of the information is correct.  Timing may be off but when your dealing and depending on Iraqi’s and all the moving parts involved in this deal, things can change or turn on a dime.  We are so close now that if you step to fast you will get it on your shoe.  I apologize for the Tuesday prediction but the RV was stopped IMO for selfish political motives.  They have reset the date and it won’t be long now.  I am now out of the exact date business because I learned a very valuable lesson.  That lesson is that of all the moving parts involved in this, there is a number of individuals that can delay this with a phone call.  So no date is dependable.  Only approximations or (I hate to use this word) windows. ( About the possibility that Randy may be right… Obama may be holding it up) Not everybody in our government has our best interest at heart. I did not understand this as a potential in the mix.  

Call me naive. ~ Tlar 
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EXOGEN - IT WILL BE A GLOBAL ANNOUNCEMENT ABOUT THE GOVERNMENT AND IT SHOULD BE ON RADIO, TELEVISION, NEWSPAPERS, ETC…THERE IS NO SUCH THING AS AN RV ANNOUNCEMENT
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Tman23 - Here it is…..Zebari said that “the decisions of the Council of Ministers is not constitutional, the new Prime Minister is to take decisions”. The Cabinet took a number of decisions at its thirty-fourth ordinary session held in Baghdad on Tuesday, Prime Minister Nuri al-Maliki, including the assignment of Abdel Basset Turki, head of the Office of financial supervision on retirement to end its mandate by law, assigning Ali Mohsen Ismail as the Governor of the Central Bank, said that the new government nominations for the posts of Governor of the Central Bank and the Court of Auditors in accordance with legal institutions and machinery set forth…
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home7

Iraqi Dinar/Dollar auction 09-04-14

Currency Auctions Announcement No. (2762)

This daily currency auction was held in the Central Bank of Iraq on the 04-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 12
Auction price selling dinar / US$                       1166
Amount sold at auction price (US$)                  166,109,000
Total offers for buying (US$)                             166,109,000

Read More: http://dinarupdates.com/blog/

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Chattels - In my estimation Maliki can appoint all he wants to as to the CBI, but without the approval of the Parliament it will not matter and may be reversed by Ebadi in a matter of hours/days.
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DELTA - URGENT FROM IRAQIA TV: HAIDER ABADI PRESENTS HIS CABINET TO PRES OF PARLIAMENT.
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Aggiedad77 - I will open this summary up with just a couple of thoughts….my own of course…..be keenly on the watch for what ever Maliki might be up to in these last days or hours of his reign as Prime Minister….I do not believe he will simply fade into the sunset….he has had too great a taste of the power to let it simply slip through his hands. I pray he does the right thing and does just let go….but his past speaks loudly of the potential for other things to happen.
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Abadi to present his his cabinet tomorrow

BAGHDAD / NINA / MP, of the citizen parliamentary bloc, Aziz al-Uqaili said that “The assigned Prime Minister, Haider Abadi will present his cabinet tomorrow, Thursday.”

He told the National Iraqi News Agency / NINA / that “talks between the political blocs to form a government and naming ministers are positive and constructive, pointing out that” most of the political blocs delivered Abadi candidates for the positions of cabinet, and agreed to offer the government program and cabinet on Thursday in the House of Representatives. ”…

Read More: http://dinarupdates.com/blog/
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How you Makin it?

I want to brief everyone on where we are at… Well – as we know Maliki is gone just like I said… We are still waiting on the GOI to form and when it forms we will be done within 2 day or before….Since this is event driven you can read the articles from there and they will tell you when the GOI plans to be put together…..Now they only thing that we can say is a back date is the 9th of Sept…. Why? Well, by Iraq constitution Abadi only has 30 days to put the GOI together… and he will not go past the constitution if he does not put together the GOI the PM goes to the next largest block to do that…….

Now the only reason we have not seen the GOI is our own Commander in Chief has done hand springs trying to keep this from going down…… he knows now that he cannot stop it or TAX you to death or keep you from getting the full value….. WHY?… Because this is an International thing not US thing…. if he could have stopped it he would have, If he could have TAXED you half of it he would have, If he could have only given you a time frame to exchange, he would have… Believe me – he ran it passed his lawyers that is why so much stuff has been brought into this investment… YOU HAVE A CURRENCY so you will be able to go to any bank and cash in after the RV… IT will just be what exchange rate you will get… THAT IS IT…. THIS IS NOT A MYSTERY>>>>>>>> Breathe… you will be fine.

THE worst thing that can happen if you go to just any bank is get less of an exchange…SO DO NOT WORRY>>> Quit trying to get 30 dollars on the exchange. Why? Because it will be a scam… DO not give your dinar to anyone else but your bank or exchange facility that will cash it in…

GET YOU A GOOD TAX LAWYER if you do not know one… I will have some at the meeting in Austin…

When I talk of groups it is a group of people you know and that is it is harder to fool 20 eyes that it is 2 eyes take your time and get what you can…

Summary: the GOI needs to form.. that is in the public eye you do not need a Guru to let you know it will be articles on Iraq and Fox news has done a good job so far on letting all of us know about the GOI…

Again there are no 800# to line up when the RV happens go to any major bank and cash a little it.

Breathe…

Check www.cbi.iq every day to see if it has changed… do not take a guru or a post about in country RV or any thing else do not be fooled just check the CBI

Do not let your emotions get to you.

BREATHE – BREATHE… Yes I will do a meeting after the RV… do not worry I will send out email…

Randy Koonce

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Poppy3 - INFO DIRECT FROM BAGHDAD ALSO HE SAYS THE USA ARE ASSIGNING NEW TROOPS TO HIS AIRPORT THAT AREN’T NEEDED TO JUST SHOW THEY ARE DOING SOMETHING AND HE SAYS THIS MAY HINDER HIM COMMUNICATING WITH ME . HE DID SAY THE BANKERS PRACTICED EXCHANGING $$$ AT $3.25. 
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Millionday - Article quote:  “Raced Iraqi forces and Prime Minister-designate Haider Abadi time for completion of the distribution of ministerial portfolios and the announcement of the new government prior to the NATO summit in the city of Leeds UK next Thursday…“  I WAS WATCHING THE NEWS AND PRESIDENT OBAMA…WAS ON THE WAY TO A NATO MEETING –AND…WHY WOULD WE CARE ABOUT OBAMA GOING TO A MEETING WITH NATO?  THE SUMMIT IS IN WALES AND IS ALL THE COUNTRIES…THE DISCUSSION IS IRAQ AND TERRORISM ATTACKS ETC. BUT THEN TODAY ABADI ANNOUNCED…THAT THEY ARE WORKING AROUND THE CLOCK TO GET THE MINISTERS DONE AND GOV FORMED BEFORE THE MEETING IN WALES WITH NATO.  NOW THE US HAS ALSO SAID THAT WE WILL MOVE FORWARD WITH IRAQI HELP WITH NATO AND ALSO — WITH THE MOVE FORWARD WITH GOV — HMMMM.

IRAQ AND THE US HAS SIGNED AN AGREEMENT ON A PLAN OF ACTION AGAINST TERRORISTS…TO HAVE BEFORE THE MEETING.   [AL-JUBOURI] IS CALLING FOR ALL LAWS OF COMPLIANCE OF THE ECONOMIC REFORMS…   [anything about CBI governor?]  THE PROXY IS OUT AND PERMANENT IN — THIS GIVES THIS GOVERNOR ALL POWERS OF AN APPOINTED CBI GOV–  THE NEW CBI GOVERNOR APPOINTED >>>(Ali Mohsen Ismail)>>>.    MALIKI STEPPED DOWN AND ABADI HAS BEEN COMMISSIONED AND WILL BE SWORN IN WITH THE ENTIRE MINISTERIAL CABINET.   THE TIMELINE OF GETTING THE NAMES LISTED IS WED…  THE NEW GOV MOVING FORWARD AND WILL BE ANNOUNCED…THE SWEARING WILL NOT BE UNTIL PARL AGREES ON ALL NAMES ETC.

LETS DO A CHECK OF WHAT WE HAVE SO FAR – NEW GOVERNOR FOR CBI — HUGE RUSH ON THE FORMATION OF NEW GOV BEFORE THE NATO`S MEETING — A SIGNED DOC OF DEFENSE WITH THE UNITED STATES AGAINST TERRORISM — AND A HUGE ANNOUNCEMENT THAT THIS IS THE TIME THEY WILL GO TO THE GLOBE…A LOT GOING ON.
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home7

Iraqi Dinar/Dollar auction 09-03-14

Currency Auctions Announcement No. (2761)

This daily currency auction was held in the Central Bank of Iraq on the 03-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                       1166
Amount sold at auction price (US$)                  197,197,000
Total offers for buying (US$)                             197,197,000

Read More: http://dinarupdates.com/blog/

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BlueyesinLevis - [It will be interesting to see if Ismail, who is named as the CBI governor appointee, will actually be appointed.  Could it be that the one who will truly be appointed remains veiled behind door number three?  I hope it is Shabibi.]  I just choose to think that Abadi has a plan…and the CBI is a monetary tool…and the PTB are not going to scrap the entire Zeros project simply because they need to bring one proxy guy up to speed.  Let’s see who is charge of the CBI once the new GOI is formed?  If the new GOI confirms this guy… it puts us in the perfect position for the CBI to lift the rate…Turki was prohibited…he held two posts…he was a proxy appointment…it would NOT have been constitutional.  Clean slate… legal, constitutional appointment…that screams  “economic reform” to me.
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Tman23 -  Article quote:  “the Council of Ministers decided during its regular day to approve the referral of Abdel Basset Turki head of the BSA on retirement for the end of his rule of law.” The statement noted that “assigning tasks Ali Mohsen Ismail’s central bank governor and the agency.“   Moshen Ismail was the spoken replacement to Turki when Turki took the position as “temporary”.  Ismail was the secretary of ministers…he introduced legislation to Parliament, he worked on the government budget…so he knows the providences, the laws, and their needs. All the reforms ran across Ismails desk…He is a perfect fit for the CBI at this stage, IMO. 

That said,  it is not a surprise to see Ismail’s name as the CBI governor appointee. What this appointment should tell everyone is that the CARETAKER government is in it’s last hours…And at this point we don’t know if Parliament did or didn’t confirm Ismail (but lets assume they did)…  Tomorrow Maliki will be in a debriefing as commander and chief… The signs are all positive…HCL, Budget, Article140, New CBI Governor, and within a few days a fully seated GOI… Everyone waited years for these events as the precursor to the RV…It’s HERE!! 
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Kaperoni - Article:  “Referral of the central bank governor to retire“  Quote:   “Cabinet announced Tuesday, referring Abdel Basset Turki, director of the Iraqi Central Bank, to retirement and to assign “Ali Mohsen,” the functions of the Governor of the Bank and the Agency.”   Any change at the top of the CBI has implications.  Not to mention timing.  Maliki’s last harah to the world.  Let’s hope the IMF and WB along with Abadi come back and solve this before it has an effect on the in country exchange rate.  …what matters is stability at the top of the CBI.  It took 2 years for Turki to restore monetary policy to where it was before Shabibi was run out Sept 2012.  Whether Turki should be in office now or not does not matter…what matters is he now has a grasp of the monetary policy, tools and understands what he needs to do.  We do not want to start over.
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“Big News Day…”

Dinar Talk INFO Call

w/BGG  – from Sept 2nd

Click-n-Listen

Smart phone user link – Click here

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Aggiedad77 - Articles:  “Cabinet voted unanimously to take the relationship central bank governor“  “Cabinet voted unanimously to take the relationship central bank governor”   I pray this day brings good news for us but from what I see and read from these articles…it is a bit alarming.  Can this be Maliki attempting to pull a MAJOR coup in a financial sense…doing what he has long wanted to do…take money from the CBI.  He knows he is on the way out…he knows his time and clout today are very limited…but has he somehow convinced the Council of Ministers (COM) to pull back the Governorship from Turki since it was never given to him on a permanent basis…only as a proxy or temporary thing. 

In my STRONGEST Opinion, Abadi’s COM has not been announced or seated as yet…this has to be Maliki’s COM who is allegedly attempting to take this action…or who has taken this action.  If it is indeed Maliki, I pray someone like President of the Republic Massoum has the where-with-all to stop Maliki from draining funds and gold from the CBI.  Knowing that the reserves of the CBI are spread around other central bank entities may make it difficult for him to “grab” all that much if indeed this is Maliki attempting to do this at this time. I hope and pray what I see in these articles is wrong.
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WMAwhite - In addition to all of the CBI activity, did you know that Abbadi stated as soon as the GOI is seated that he will move forward immediately with the security and ECONOMIC reforms…economic? I wonder.  [sure seems to me that all of the signs are pointing to an impending RV!]  If you compare the activity of the CBI to previous years there is no comparison and now an incoming PM stating that he will move forward…it does sound promising…this continues to look good for very good reasons.
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Tman23 - …protesters were able to get by green zone security and then get to the Parliament building and rush the doors…Swat and gold band security was called and members of Parliament were removed from he building…So today was to introduce the ministers to Parliament…and we had a security breach (Maliki.. IMO!!)
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Mnt Goat - Today is Tuesday 09/02 and finally we get an announcement of the distribution of the ministries per bloc/party/sec. Congratulations Iraq!  But this is still not exactly what we want and need to see as the fully formed and seated government announcement. But I truly believe it is coming this week.  The next step is for the prime minister is to present the names of all the new ministers to parliament and thus at this timeframe probably announce them to the world.  He will also announce that his government is “fully” formed or “completed” at this time. I believe this will occur with the next 2 days if not even today. This is so very close at hand.

So between now and then we wait to hear about the completion of the administration of the oaths of office and the ratification of these candidates by parliament. Then it is official. Then Abadi will make his announcement that we all desire. We know there are many meetings scheduled for this week. There is another  Bretton Woods meeting, there is the NATO session to vote on military support for Iraq and there is an Oil Summit also coming up this week.  The USA secretary of state John Kerry is heading to Iraq on Thursday too. Does he want to be there for some sort of announcement or is he just stopping in for tea?
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Millionday -  Article quote:  “…the new government gave the green light for the region to export its oil to be regulated by it under the terms of the new law for oil and gas.”   THE NEW LAW FOR OIL AND GAS —- THE HCL.  WITH THIS LAW THEY ARE ABLE TO ENTER THE GLOBAL MARKET FOR OIL… HUGE.   REMEMBER — THE CITIZENS WILL BE GETTING OIL REVENUES… – THE HCL IS PASSED.   HCL PASSED AND GOV NAMED BUT NOT VOTED OR ANNOUNCED — …THEY ARE SAYING THIS WEEK OR NEXT IN ONE REPORT FOR ANNOUNCEMENT AND THIS WEEK IN ANOTHER.  

[Please give a synopsis on hcl law?]    IT IS THE OIL AND GAS LAW THAT REGULATES THE ENTIRE SALE PRODUCTION AND MOVE OF ALL OIL OUT OF IRAQ AND SOME IT EVEN COVERS IN IRAQ AS WELL — IT IS A HUGE %, IN THE 90`S AT THE TIME,  OF THEIR ENTIRE INCOME UNTIL THEY GET ROLLING IN TRADE — SO ITS PASSING MEANS THEY ARE GOING BACK TO THE GLOBAL MARKETWE LONG TIMERS HAVE BEEN TALKING ABOUT THIS HCL FOR SO MANY YEARS — I THINK WE ARE NUMB.   I AM VERY EXCITED.
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WMAwhite  …during the announcement of the reopening of the Rafidian Bank in London…they also announced that all Iraqi citizens living outside of Iraq will be paid via the Q-Card…how they going to do that?
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Political blocs agree unanimously on the government program

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - A member of the National Alliance honest day ordeal, the consent of all the political blocs on the government program prepared by the Prime Minister-designate Haider al-Abadi, for the next four years…

Read More: http://dinarupdates.com/blog/

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Kaperoni - Article:   “Agenda for the meeting (11) Tuesday (2) September 2014“  Quote:  “The vote on the formation of the standing committees in the House of Representatives.”   This is huge folks.  If they do what they say…this will swear in the new Economic Committee among others…this committee is what is going to push banking and economic reforms/laws through parliament.  So the sooner they get sworn in, the sooner they can get to work to implement what has been stalled for months.
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Chattels - from my arabic speaking friend: TO START OFF I JUST WANT TO SAY THAT THINGS ARE PROGRESSING ALONG NICELY. THERE WERE A FEW BUMPS IN THE ROAD BUT EVERYTHING SEEMS LIKE SMOOTH SAILING NOW. THE BLOCS HAVE SUBMITTED THEIR NAMES AND THINGS ARE BEING SORTED OUT. TOMORROW IS SEPTEMBER 2ND, PARLIAMENT HAS POSTED THEIR AGENDA, THEY WILL BE VOTING ON THE STANDING COMMITTEES. THIS IS NOT PRESENTING THE MINISTERS. THIS WAS ON LAST WEEKS AGENDA BUT GOT PUT OFF… 

THERE HAS BEEN SOME TALK WE HAVE HEARD ABOUT THE LIST OF NAMES BEING RELEASED ON THE 2ND AND THEN THE MINISTERS BEING SWORN IN ON THE 3RD AND THEN THE BUDGET ON THE 4TH OR 5TH, AND I JUST WANT TO ADD THAT WE HAVE NOT BEEN ABLE TO CONFIRM ANY OF THOSE THINGS. WE HAVE NOT SEEN IT ON AL ARABIYA…IT IS NOT ON THE OFFICIAL AGENDA OF PARLIAMENT AND WE WANT TO GO ON RECORD AS SAYING WHILE IT IS POSSIBLE WE CAN NOT CONFIRM IT.
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WMAwhite - Article:  “Iraq: new government to allow the export of its oil Erbil”…oil to be regulated by it under the terms of the new law for oil and gas…“   This is HUGE…this is the HCL.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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WMAwhite - …besides all of the political stuff which is GREAT…the CBI is doing huge things that point to the IQD being introduced to the world very soon.
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Aggiedad77 - Article:  “Miladinov Jubouri: Iraq is undergoing a delicate and needs international support“  Speaker of Parliament Jubouri is working with all political blocs attempting to overcome whatever obstacles are in the way of forming a new government and at the same time seeking international support for Iraq…this man seems to be keenly interested in getting a unified government formed so that Iraq can move forward…can he smell the IR perhaps.
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Eagle1 - Thoughts on the VND, IMO the VND value will increase significantly, likely more than any have supposed.
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Frank26 - 
In 2010, Maliki did not win the election, but he was appointed PM; in 2014 Maliki did win the election, but he was not appointed PM – the USA is in control.  In the past 2 years, intel has been gathered against M [Maliki], and at last he has given up and announced he is stepping down.   Although we have troops in Iraq, it’s been kept quiet, and our troops have eradicated ISIS and DASH, they are controlled; all will be kept quiet until the new GOI is announced likely next week.  IMO, USA will not do any more until the government is announced.  IMO, USA is in control, however surrounding with the coalition and Iraqi forces so they get the credit, will not appear as controlled by USA.  

IMO, the GOI has already been formed and functioning, the news articles state it’s still being formed, however based on their actions, the GOI is already formed and functioning.   Iraqi banks are open in foreign countries – that is powerful.  Iraq is witnessing a state of stability and revenue stream is being created by oil sales right before our eyes.  Iraq’s new PM is pro-currency reform.  IMO, the new GOI will be announced on Sept 9 or 10; the IR [International Rate] could be simultaneous, or soon after – but as always, do not know the date or rate; remember also that Oct 1 is the beginning of the new year.
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President Masum: Formation of the government is imminent

BAGHDAD / NINA / President Fuad Masum declared, “The consultations for the formation of the new government has seen significant progress, and its announcement will be soon…

Read More: http://dinarupdates.com/blog/
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SteveI - All I want to see is these new guys officially seated and the budget and HCL passed.  As Ray said, their positions will be official September 7th.  I am hopeful anytime after that will be a great opportunity for Iraq to move their country forward. The new PM likes to do things by the constitution, so having this happen before the 7th may be pushing it a bit.
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Tlar - I am truly sorry to say there is a potential delay that just came up.  The Iraqi’s have been asked to hold the RV for a few days.  This won’t set well with the Iraqis but they will take tonight to figure out whether they will hold on not.  I should get better clarification in the morning.  Again I am so sorry to have to tell you this but I just got the word.  If there is a delay it won’t be long.
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Millionday - SEPT 1ST IRAQ IS TO PUT ON THEIR STOCK MARKET ALL IPOS– ALSO YESTERDAY — IRAQ HIT THE GLOBAL MARKET FOR THE FIRST TIME IN A LONG TIME.  YESTERDAY THEY SWITCHED TO THE MOST ADVANCED WIRING IN THE WORLD FOR CASH…BANKING.  ABADI HAS STATED THAT HE WILL BE ANNOUNCING THE GOV BEFORE THE TIMELINE OF THE 9TH OF SEPT IN THE PRESS.  TURKI FROM CBI SAID IN PRESS THAT HE WOULD MOVE FORWARD WITHOUT BUDGET BUT HAS MADE IT CLEAR ABOUT HOW HE FEELS ABOUT THE GOV IMO.

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home7

Iraqi Dinar/Dollar auction 09-02-14

Currency Auctions Announcement No. (2760)

This daily currency auction was held in the Central Bank of Iraq on the 02-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 15
Auction price selling dinar / US$                       1166
Amount sold at auction price (US$)                  180,206,000
Total offers for buying (US$)                             180,206,000

Read More: http://dinarupdates.com/blog/

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Tlar - Article quote:  “Monday 0.1 September 0.2014  Said a member of the negotiating committee of the National Alliance, MP for the coalition of state law on the Keywords” “that the paper curriculum of government to the next government will be completed today for presentation at an expanded meeting for signature by all the political blocs. “He said in a statement told the National Iraqi News / Nina / ” “This The paper prepared by the National Alliance after the integration of the demands of all the political blocs and agreed upon by everyone…“   Today the government program is completed and signed by an expanded meeting of the blocks.
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Aggiedad77 - Article:  “Parliamentary bloc: Abadi will receive today the names of candidates Ministries Alkanah new government  Today is supposedly the deadline to get your list of names to Abadi for his review and possible selection as part of his GOI ministry…let’s see if this deadline actually takes or will we hear later of yet another 2 day deadline…nothing being announced from him as yet…rumors of names of course…but that is all we have at this point.
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TLAR Commentary

The Iraqis have spent this last week meeting. All sects were involved including the Shia, Sunni, Kurds and Turkman. The purpose which has been the hold up in the process, is to remove the element of “trust” between the sects and put forth a document in writing which identified both the big problems and their solutions. Laws that have been dormant for years like the HCL and Article 140 were moved to the forefront along with their solutions. They were agreed upon to be signed, run in front of parliament and registered with the Iraqi courts and the UN. This document is all important to the process to give everyone that warm fuzzy to vote the new government in. Many of these things could not be done before the government is voted in because they require the new COM to be seated and the Sunni’s and the Kurd’s, having been burnt by the previous Shia government lead by Maliki, were gun shy to vote until they got assurances that the new government was in tune with their concerns and solutions. Both the Kurd’s and the Sunni presented papers of demands and the negotiations commenced. As of this morning sometime we should see that all parties have signed, all agreements are done.

This will be seen by the CBI as a settled position as far as the government goes. The government may or may not take a few more days to form but it is my belief that it will make no difference to the plan. Both the Sunni and Kurd’s have presented their ministers for review and that review has already rejected two unqualified applicants. So there is a process at work here to get the most qualified, experienced technocrats they can to run these ministries unlike the last government where you could purchase a ministry if you offered the most money. The process and announcement of the government should be early this week as the Iraqis are moving at light speed for them. Tomorrow we should see our RV providing that the document is/was signed last night and there is every reason to believe it was. The CBI needs this done and it has been waiting patiently since July 1st to introduce monetary change. The last word is that it is still holding in the high threes. My belief is it will be $3.71 and I have my reasons for this. I won’t go into them here.

Next week should be a glorious week for both us and the Iraqis. I realize there are many that still don’t understand what’s going on or how they can do this. I also realize that if I miss the date by even one day, there are those that will call me a kook. It makes no difference to me. I want everyone to know how close this is to being finished.

When this happens, I am asking that everyone who is in my family contact me immediately. ~ Tlar

Read More: http://dinarupdates.com/blog/
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Poppy3 - …THE RV HAS TO HAPPEN TO FUND THE HCL AND THAT IS FACT.   HCL WILL HAPPEN ALMOST SIMULTANEOUSLY WITH THE RV ACCORDING TO THE NEWS SOURCES.
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BGG - Article Quote:   ”Jaafari and national forces delegation underline the need for Parliament to witness the performance of a quantum leap enactment of laws“…  would be better interpreted “Jaafari and the National Alliance…” saying “We need to get this thing ROLLING”!!  Reform Movement: “the announcement of the new ministerial cab within 72 hours…“  if Jaafari is saying there will be an announcement in 72 hours – there probably will.
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Speaker: No obstacles hinder formation of next government

Babel (AIN) –The parliament Speaker, Saleem al-Jobouri, while meeting the official in Babel Province stated that there are no obstacles to hinder the formation of the next government within the constitutional time limit.

alliraqnews.com
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Bondlady & tlm724 - Iraq: new government to allow the export of its oil Erbil  *hallelujah*…last week we discussed that the only remaining points on the HCL were to figure out where the proceeds will be deposited and how much oil was excepted from the kurds.   “that the new government gave the green light for the region to export its oil to be regulated by it under the terms of the new law for oil and gas“   imo HCL is being finalized.  pass those laws we needed to see and bam…still a bit to go but those things are huge…awesome news!
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BlueyesinLevis    Quote:  “The collapse of negotiations was caused by some members of the NA who were captive to the last stage“  …probably because they are dirty and corrupt as their old Boss…Uncle Nouri.  But those problems seem to have been overcome. The new leadership group…must be…will be comprised of men who qualify according to Abadi’s standards…and who will sign the National Paper…so that there will be no holdups or surprises…Abadi has stated clearly that reforms… politcal, economic, and security…will begin on DAY 1.  It is gonna be one heck of a week.

(The negotiations didn’t collapse… intentional bad press is all.)
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Frank26 - will we see an IR [International Rate] this week…IMO…No.  Nor will You see a full GOI announced this week.  There are far more important things to do and that they ARE DOING RIGHT NOW.  This not a race to an IR…It is the securing of it…NOW.
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Check out the Dinar Corp 90 – it’s EQUITY!!

Commercial Solicitation

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Adam Montana - [Do you think we are getting close?]  There’s at least a couple weeks left while the GOI is set, and after that… fingers crossed it could be soon. 
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Mnt Goat - My news today is direct from my sources in Iraq as of Sunday 8/31.   I come to you today to give you a recent update on the election process…  What is left is a single undecided ministry, Ministry of Oil, in which may go to the Kurdistan Alliance. This will probably be resolved by early this week.  Last week they swore in all ministers already chosen and began to officially seat them…about 12 of the ministers were officially seated and their names listed in the gazette making it official. This was not the announcement of the fully formed government we have been waiting for. They plan to swear in the last 5 ministers and…seat them and hopefully they can do all this by 9/4 or 9/9 (at the latest), when they are targeting the “formal announcement” The parliament Speaker, Saleem al-Jobouri…stated that there are no obstacles to hinder the formation of the next government within the constitutional time limit.  I personally do not think it will go until 9/9.

This is how I am hearing they plan to roll out the new government.  September 3, the remaining ministers will be sworn in.  September 4, the official list of ministers will be released to the media and the people. They will announce that the government is “officially” completed. The ministers will officially start their jobs September 9 as Jubouri has stated the next official session of parliament is planned to begin on 9/9.  There is a stack of bills needing to be passed and implemented such as  HCL and Article 140.  Parliament will not waist any time.  On September 9 a bucket of laws is supposed to be brought before Parliament. Following these laws will be the budget lawThen when can we expect the RV?  …I have been saying all along we wait for a formal (global) announcement to the public that the Iraq government is now fully formed. I do whole heartedly believe that the RV rollout will be completed just prior to or just after this announcement.
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Millionday & BGG - this “seminar (aka – meeting)” took place on Skype - whatever this meeting was really about was obviously so urgent they couldn’t wait to meet in person. They had to meet on Skype. THEY HAD THEIR OFFICIALS PRESENT IT APPEARS AND OTHERS ON SKYPE.   “…to develop the banking reality in Iraq.” sounds very interesting… IMHO. ECONOMIC REALITY IS WHAT WE ARE WAITING FOR AND THIS IS A HUGE MEETING.  THEY ARE SAYING THE MARKET HAS TO OPEN FOR IRAQ — THEY NO LONGER CAN STAY CONTAINED.  This type of news coupled with the recent variance in the currency auctions may be HUGE...

THIS IS A HUGE HUGE MEETING — IT IS FOR THE RELEASE OF THE REALITY OF IRAQ`S ECONOMY AND THEY ARE SAYING IT IS THIS PHASE SO OF COURSE WE HAVE TO WATCH THE ACTION BUT WITH ALL ELSE WE HAVE SEEN —- HUGE CHANGE HAS OCCURRED.   THEY ARE SAYING THE CHANGES IN THE SPENDING FIGURES ARE URGENT TO BE CHANGED AND HAD NOT BEEN DONE IN THE PREVIOUS YEARS BECAUSE THE REFORMS WERE NOT DONE.   [NOW THEY CAN MAKE THE MONETARY CHANGE WE ARE LOOKING FOR.]   I AGREE.
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Zebari: Political blocs serious to settle pending issues

Baghdad (AIN) –The head of the Kurdish delegation and the Foreign Minister, Hoshyar Zebari, stated that the atmosphere among the blocs is positive and the blocs are serious to settle the pending issues…

Read More: http://dinarupdates.com/blog/
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Kaperoni - Article:  “Rafidain Bank is seeking to open a branch in London after the settlement of the debt incurred by him”   Certainly getting the banking system ready is significant to the flow of capital once the CBI makes the move.  But don’t confuse this success with what still needs to be done…laws, a GOI and some sort of success against these terrorists in Iraq.  Once they accomplish that, we will be very close.
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EXOGEN - Article quote:   ”revealed an MP for the coalition of state law Ibtisam al-Hilali, Saturday, that the next session of Parliament will be decisive and final adoption of the budget to the public in 2014.”

(So this guy is a News Hound now?? )
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SteveI - I have a few contacts over there that have indicated that some of the big companies that left Iraq and put their projects on hold due to lack of payments, are now coming back and ready to resume their work. What they are share with me is that they have been ensured payment in coming weeks or days now and they are ready to start up again. To me this is huge as they know the budget will get done and in a very speedy fashion.
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BGG - I’m not sure they could hold the value down long enough to do them any good. For instance - if they started out at a dime… (purely hypothetical) – there would be a mad rush initially.  Then the value would start to rise once investors figured out what was going on…this rise has been predicted by some well respected economists…it may take as little as 30 days. I don’t think they would get much off the street that quickly.  It would take a while just to get to a bank, get verified, get exchanged – etc, etc, etc… a true float would wind up at a “reality rate” so quickly I don’t know they would get enough off the street to risk the down side later.
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home7

Iraqi Dinar/Dollar auction 09-01-14

Currency Auctions Announcement No. (2759)

This daily currency auction was held in the Central Bank of Iraq on the 01-Sept-2014

The results were as follows:

25k-Iraqi-Dinar-200x96DETAILS                                                              NOTES
Number of banks                                                 16
Auction price selling dinar / US$                       1166
Amount sold at auction price (US$)                  187,306,000
Total offers for buying (US$)                             187,306,000

Read More: http://dinarupdates.com/blog/

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Frank26 - Every 48 hours they tell You they will ANNOUNCE A FORMED GOI…Because it has been…Yet they do not.  May I suggest to believe them on the 8th.
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Adam Montana - [We know the Iraqi dinar is under a managed float regime In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate.  Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed?]   it sounds like you are describing a way for the CBI to “manipulate” the rate… in which case I have to emphatically say YES – they definitely have the ability to do so!   And in my opinion, they WILL do so…to their benefit and also ours.
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Stryker - We are seeing a major change in Iraq and it is all developing right in front of our eyes. From Iraqi forces breaking through the ISIS lines and regaining a town to the Iraqi politicians working around the clock in formation of a NEW Iraqi Government changes are here. Quote: ”this week will see the announcement the government formation after the arrival of the talks between the National Alliance and the Kurdish blocs to advanced stages.“   September 11th is the formation deadline itself according to the Iraqi constitution but if they can announce it this week they will have one more week to vote confidence in Abadi and all his cabinet members.
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IS in Retreat as Kurdish, Iraqi Forces Advance to Amerli with US Air Support 

ERBIL, Kurdistan Region – Kurdish and Iraqi forces fighting to lift a two-month siege of Amerli by the Islamic State (IS/ISIS) were swiftly advancing on the Shiite Turkmen town on Sunday and had the militants on retreat…

Read More: http://dinarupdates.com/blog/
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Tman23 - This time around there are several reports of people celebrating in the streets in many different areas as ISIL is being extracted….. Reports that Maliki and his son have moved cars, furniture and generators through the back gate as they vacate the green zone……..Reports the Kurds have submitted their list of ministers……Reports the GOI will be introduced Tuesday to Parliment……..Reports the Budget is to be voted on….. In other words, all the news is positively overwhelming !
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Tlar - Article:  “Law: The next meeting will witness the end the dilemma of the general budget“   [imo budget comes after the new goi is sworn in....I sure as heck can't see them voting it off before and having those monies go to M's corrupt cronies he has in all the current positions.]   they dismissed Maliki’s ministers two weeks ago and these ministries are without certain Maliki Ministers,  but are being run by their second or third in command until the new ministers come in.  The house cleaning has mostly been done.
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Kaperoni - Article:   “Calls for the central ministries to work the new system of payments“   Great news for sure as the CBI activates the electronic banking system throughout Iraq.  When you look at the bigger picture, this is sooo important. The CBI wants to get the country banking system up to par with the world. Electronic banking/settlements etc is significant to investor confidence and will go a long way towards inviting investment capital into Iraq. As soon as they decide to go to Article VIII and a new Exchange Regime Iraq should really take off. No doubt in my mind and as a result the currency should as well.
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Speaker: No obstacles hinder formation of next government

Babel (AIN) –The parliament Speaker, Saleem al-Jobouri, while meeting the official in Babel Province stated that there are no obstacles to hinder the formation of the next government within the constitutional time limit.

Read More:
http://dinarupdates.com/blog/

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Adam Montana - [just what IS the HCL?]    HCL is…the “Hydro Carbon Law”.   It is the key to letting Iraq work as a functioning business, and until it is passed there will continue to be struggles with the monies that come in and out of Iraq.  Basically, once the HCL is in place… game on!
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