Dinar Daily NEWS Blog – January 26th

Abadi: They are on the process of rising the Iraqi economy and create jobs

Baghdad / Sky Press – Prime Minister Dr. Haidar al-Abadi said on his Facebook page, “They are coming to a process of rising the Iraqi economy and creating job opportunities.” He stressed that Iraq has become a great success story during a meeting in Davos with heads of the world’s largest investment companies and major investors in various fields to rally support for Iraq. Before the reconstruction conference in Kuwait.

A statement issued by the Prime Minister’s Office of Information, received by “Sky Press” today, that Abadi, during a meeting with the heads of the largest international investment companies and senior investors on the sidelines of the Forum “Davos” economic, Iraq’s vision for the future to develop all sectors and opportunities for large investment after the victory on the daisy, Indicating the importance of focusing on the reconstruction and stability of Iraq.

He explained that “Iraq has become a great success story achieved thanks to the unity of Iraqis, and we are on the way to the process of rising in the Iraqi economy and create jobs.”

Abadi arrived in Switzerland yesterday to participate in the economic forum “Davos” and to mobilize support for Iraq ahead of the reconstruction conference in Kuwait.

Source Link

BGG ~ FYI – Abadi has been the best thing that’s happened to Iraq in the last 2 decades. Is he perfect? No. Are they on track? More than you know. So relax.

From a different translation (same article)… Abadi: “…we are in the process of raising the Iraqi economy and create(ing) jobs…”

What exactly is this process he is speaking of? Does it include monetary and currency reform? I don’t see how it cannot – especially with the clear re-engagement of Iraq with the world markets.

With any luck Abadi will get a lot of credit for their peace and prosperity – Maliki and Barzani will get shut out on May 12th.

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Visit of the Governor of the Central Bank of Iraq Branch Basra

In his visit to the branch of Basra: Governor of the Central Bank confirms the continued support of the banking sector in all of Iraq

The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail visited with a delegation of advanced leaders in this bank branch of the Central Bank in the province of Basra, and the delegation was keen to meet the staff of the branch and discuss the most important organizational matters in the work of the branch.

The Governor praised the work of the branch staff, stressing that the Iraqi Central Bank support the banking sector working in Iraq.


Read More: http://www.dinarupdates.com/showthread.php?56048-Visit-of-the-Governor-of-the-Central-Bank-of-Iraq-Branch-Basra&p=180968#post180968

BGG ~ I am a little curious as to what the bill is that is pictured in this last shot? I have looked around some and can’t seem to come up with an ID on it.

(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still very interesting.)

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G-Lin (Dinar Guru) –   Article quote:  “Prime Minister Haider al-Abadi has announced his intention to pursue the corrupt in the country after the expulsion of an organization calling for the end of last year, but the campaign is facing severe criticism.”    This pretty much tells us what we expected. Protection of the corruption for the wicked. And it seems Abadi is outnumbered. Time will time. This is NOT an example of a Democracy. I have been watching this develop ever since they amended the Amnesty Law. It doesn’t surprise me. However, regardless of the political developments we still continue to see economic reform.

BGG ~ PSA: The Amnesty Law was originally devised to cover past political affiliations that were deemed to be illegal. Whatever it is now, or believed to be now, is another story.

Read more: http://www.dinarupdates.com/observer/
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G-Lin (Dinar Guru) –   Article:  “War: parliamentarians ‘ Union Act new authority to defend the House budget will cost burden”    Quote:  “Tariq Harb, jurist count Tuesday, approving House Parliamentarians Union law as creating new power system supervision and its mission to defend the rights of Parliament, while noting that the law governing Council members through subsequent parliamentary sessions, assured it would cost almoazanh New burdens.”   This looks like that protection law for the evil doers. I think it may give them permanent immunity. However, this may not effect ICC. Not sure. I wouldn’t think there would be any protection from International Courts. BTW Tariq Harb is Maliki’s personal legal council. 

Read more: http://www.dinarupdates.com/observer/
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Abadi: Iraq is on the verge of economic renaissance

8Iraqi Prime Minister Haider al-Abadi said on Wednesday that Iraq is on the verge of economic revival and job creation.

Abadi said in a statement that the Prime Minister met today in Davos with heads of the largest international investment companies and major investors in various fields to mobilize support for Iraq before the Iraq Reconstruction Conference in Kuwait.

The statement added that Abbadi presented Iraq’s future vision for the development of all sectors and investment opportunities after winning the victory over the gangs of the terrorist and the importance of reconstruction and stability of Iraq, indicating that Iraq has become a big success story achieved thanks to the unity of Iraqis, and we are on the process of rising in the Iraqi economy and create opportunities the work.

Alforat.info
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Kaperoni (Dinar Guru) –   Article:  “Officially .. the end of the “Daesh” militarily in Iraq”   Quote: “Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization.”  This is big news. The Iraqi gov can now move forward with the economy.

Read more: http://www.dinarupdates.com/observer/

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Kaperoni (Dinar Guru) –   Article:  “Strengthen international confidence in Iraq’s economic capabilities”   IMO, there is no external confidence in Iraq’s banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don’t think investors will come if they cannot get there profits out of Iraq.  Iraq needs to understand this and begin currency reform.

Read more: http://www.dinarupdates.com/observer/

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Abadi promises victory in the face of corrupt and calls for the acceleration of passing the budget

(Baghdad: al-Furat News) Prime Minister Haider al-Abbadi promised victory in the face of corrupt, while called on the House of Representatives to accelerate the passage of the budget.

“We congratulate the Iraqis on the victories that are being achieved and the security forces are still pursuing the terrorists everywhere in the country,” he said at the weekly press conference.

“The intelligence and security work is continuing unabated and we have full plans in this regard. We are safe for terrorists anywhere in Iraq and we will pursue those who train terrorist elements and provide them with money to send them to Iraq,” he said.

He pointed out that “the Iraqis had the pride in the elimination of gangs and called the terrorist and the battle was resolved.”

On the elections, Abadi stressed that “it is the duty of the government to ensure the safety of the elections,” calling for free and fair elections and that there is a popular turnout on them.

“Abadi said,” We made it clear that the parliamentary elections will be held according to the constitutional time and we are committed to it. The elections to continue to take over for a certain period, “pointing out that” the decision of the Federal Court and the vote of the House of Representatives closed the door to those who want to postpone the elections, ”

He said that” the corrupt candidate in the elections should not be voted on, and that enabling the displaced to participate in the elections is something Basic As there is no compulsion for displaced people to return to their areas. ”

Regarding the 2018 budget law Abadi , he expressed his hope that” the budget will not be lost in the House of Representatives of political differences “, expressing his willingness to discuss the budget with the committees of parliament in order to pass it .”

Abadi said, “There is no justification for the conflict against the interests of citizens, and that many of the paragraphs of the budget is in the budgets of previous years, and raise the dispute on the budget for electoral purposes is not in the interest of the citizen.”

“I intend to go to the international economic conference in Davos,” he said.

“We will meet with a number of major companies, personalities and world leaders, and the purpose of our presence is the contribution of the international community to reconstruction and investment in Iraq in order to create additional jobs,” he said.

“We are keen to provide jobs to inject additional money into the market to improve Iraq’s economy, and as we have achieved a victory called the” miracle “of terrorism, we will achieve a boom in well-being during a record period. We should open up to the countries in Davos or Iraq reconstruction conference in Kuwait, .

On the decisions of the Council of Ministers today, Abadi pointed out that “today’s session saw a lot of decisions and was voted on the draft law on graft and part of it [where you this}.”

He pointed out that “there is an imbalance in some of the legal system in Iraq, which hinders the regulatory bodies and the prosecution of corrupt,” calling on the House of Representatives to ratify the law, ”

Ebadi noted that” corrupters use carrots and intimidation and money and many ways to cover up their corruption, And we will succeed in the end as we have succeeded in confronting terrorism. “He concluded,” We will win in the face of the corrupt, and this needs patience and unity of efforts, and we continue to approach to complete what we promised previously. ”

Read More: http://www.dinarupdates.com/showthread.php?56064-Abadi-promises-victory-in-the-face-of-corrupt-and-calls-for-the-passing-the-budget&p=180985#post180985

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Some interesting headlines…

President Barzani: This is what prompted the people of Kurdistan to hold the referendum

President Barzani: This is what prompted the people of Kurdistan to hold the referendum

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How to recognize the counterfeit Iraqi currency

[Ayna-Baghdad] The Central Bank of Iraq, issued a design illustration of the Iraqi currency the truth of the counterfeit.

Read More: http://www.dinarupdates.com/showthread.php?55949-How-to-recognize-the-counterfeit-Iraqi-currency&p=180854#post180854

BGG ~ Here are a few obvious points…

1) I find it a little curious all this recent “float vs. no-float” talk in the marketplace lately.

2) Dated today, the CBI decides to put a “how to spot fake currency” memo…

3) Did anyone happen to notice the last 3 notes? I had to go back to my currency and dig out these notes to figure out what they were. That is a 1k, a 500 Dinar and a 250 Dinar note.

WHY IN THE WORLD WOULD THE CBI BOTHER TELLING ANYONE HOW TO SPOT A FAKE 1K, 500 Dinar and 250 Dinar note?? The 1k is worth less than $1 right now… the 500 is about .50 and the 250 is not even worth a quarter!!

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Abadi Gives Corrupt Individuals Two Options: Return Money or Face Prison

(Today’s FLASHBACK from November 2017)

Iraqi Prime Minister Haider al-Abadi has waged a fierce battle against corrupt officials, giving them two options: handing out the funds or face prison.

During his weekly press conference on Tuesday, Abadi said the corrupt had to either hand out the stolen money – and maybe get an amnesty – or lose their money and spend the rest of their lives in prison. He said his warning was similar to the government’s action against ISIS in terms of asking the militants to surrender or die.

Local sources clarified that Abadi was hinting to a prominent businessman and contractor who gained dozens of investment and service projects via his contacts during the term of Nouri al-Maliki between 2006-2014.

Abadi has been stressing in the past months on “fighting corruption” as his next step after defeating ISIS.

Islamic Dawa Party, in a statement, revealed that party member Salah Abdel Razek was investigated and found guilty of corruption.

“I tendered my resignation before the secretary general of Islamic Dawa Party Nouri al-Maliki due to the delicate situation of the party as well as personal reasons. I pledge to remain loyal to Maliki’s patriotic approach,” wrote Abdel Razek.

Islamic Dawa Party sources told Asharq Al-Awsat that the decision to sack Abdel Razek preceded his resignation statement.

The sources asserted that the party is seeking to abolish corruption ahead of elections expected in May, signaling that the party intends to sack and hold accountable a number of members who occupy critical positions in Iraq.

Dawa Party’s experience in the authority has severely impacted its reputation and led to frustration among the people, given that it keeps its grip over the highest executive authority in the country, meaning the premiership.

Read More: http://www.dinarupdates.com/showthread.php?55972-Abadi-Gives-Corrupt-Individuals-Two-Options-Return-Money-or-Face-Prison-(FLASHBACK)

BGG ~ Throwback Thursday!! A quick look back  to November of 2017 for those saying Abadi is as corrupt as all the rest and will do nothing about Maliki. I do not believe this to be the case.

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Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends on the currency

Said the director of the Rafidain Bank in Dhi Qar Hussein Abbadi in a televised interview broadcast by the local Nasiriyah that the introduction of ATM in the markets and banks are subject to the implementation of the decision to delete zeros from the Iraqi currency, pointing out that the Iraqi currency suffers from large inflation at the present time.

http://www.nasiriyah.org/ara/post/55155

BGG ~ This article is from Dec – 2014 (I posted this a while back, as well…)

The person talking here is the director of the Rafidain Bank in Dhi Qar – Hussein Abbadi.

First off, I think this translation or reference to “inflation” is really talking about the size of the denominations and the value of the currency, not the actual inflationary index as many people assume. That would be a pretty long contextual leap. This is referring to the currency in a more direct sense.

He’s talking about the size of the notes and the value – IMHO.

Which, when taken in combination with the recent events – for instance, Rafidain offering this “wonderful ATM service” just lately, at least piques my interest.

Am I saying the ATM’s are loaded with lower denoms? No. They didn’t say that.

Am I saying A + B = C?? No. They didn’t say that either.

I am merely pointing out – in 2014, Rafidain laid out conditions for ATM services.

Here we are with a campaign to introduce this “miraculous ATM service”. Couple this with a very direct push to eliminate the CBI auctions… perfect STORM??

I do not know – but I am SO INTERESTED in watching this unfold.

P.S. Mr White and I did talk about this on our last call. Stay TUNED FOR MORE!!

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Click this link to join the DU “private” FaceBook Group…

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Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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