Abadi’s war against corruption must begin with Maliki and his henchmen
Corruption is the most dangerous obstacle against Iraq’s development. As the country enjoys many natural resources like minerals and oil, the international community is concerned with Iraq’s high level of corruption.
Corruption in Iraq has caused severe poverty in Iraq, which led to civil and sectarian strife that caused the extreme damages to the country’s infrastructure.
Shia parties lead corruption
After the US invasion to Iraq in 2003, Shia parties seized all the important posts in the government and led a widespread corruption campaign, which analysts assert that Iraq’s losses have reached over 1,000 billion dollars during the last ten years.
The most prominent entity that led this campaign was the ruling Dawa party, led by the former prime minister Nouri al-Maliki, who was described by experts as the “Godfather of Corruption” as he is implicit in numerous corruption, graft and embezzlement cases.
Recently, the Iraqi Prime Minister Haider al-Abadi launched a campaign against corruption in Iraq, but analysts told The Baghdad Post that until now Abadi didn’t dare to press any charges against Maliki.
They added that as Abadi’s popularity increased after the victory against ISIS, the prime minister seeks to increase his popularity ahead of the elections by pretending to fight corruption, describing this campaign as an “electoral propaganda”.
Politicians are also skeptical from Abadi’s actions, after Abadi extradited the former trade minister Abdul Falah al-Sudany from Lebanon after cooperating with the Interpol, and the son of the Luai al-Yasiri the governor of Najaf in a drug trafficking case.
They fear that these actions are just a show ahead of the elections and the Iraq’s reconstruction conference that will be held in Kuwait in February. His actions just aim at ensuring investors that their donations and investments won’t be embezzled by corrupt officials and politicians.
The Iraqi people wish to see the anti-corruption slogans practiced on the ground, away from the occasion of elections or the upcoming Kuwait conference, and away from personal and electoral gains to include all corrupt politicians no matter how strong or influential they are.
Analysts say, during his tenure from 2006 to 2014, Maliki accumulated power and influence that surpassed the incumbent Abadi, stressing that this is the reason why the PM can’t hold him accountable for his crimes that led to the bankruptcy of Iraq after his embezzlement of Iraq’s oil profits and the country’s destruction in the war against ISIS.
They added that If Abadi is serious in his war against corruption then he must begin with Maliki and his henchmen.
Read More: http://www.dinarupdates.com/showthread.php?56102-Abadi-s-war-against-corruption-must-begin-with-Maliki-and-his-henchmen&p=181032#post181032
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BGG ~ When I first started hearing these reports out of Baghdad about this grand “war on corruption” Abadi has planned I was hopeful. I still am. However, there is much to consider. Far more than meets the eye.
This push has been going on since before the end of the fight for Mosul. Abadi started laying out his agenda then. However, one article from last week caused me a little concern, it mentioned Abadi might wait until after the elections to go after “the whales of corruption” (or something along those lines) so it didn’t look like he was doing it for “electoral purposes”. This troubles me some. It seems like a tidy excuse.
The opinion article we lead with today somewhat seeks to goad him into this fight. It might even be hitting on a key point – “Is this all for show”? As in, “election cycle propaganda”. One question I have long had is, “why has it taken this long”? This is a fair point, I think. If Maliki is as corrupt as he is rumored to be, evidence cannot be in short supply.
On the other hand, aside from evidence, we have another interesting perspective… The article from today was posted by The Baghdad Post. This is a typically Shia region, posting typically Shia sympathetic opinions, by those often referred to as “Baghdadis”, or people from the city area… of whom Abadi is one. For them to be this brazen in their refute of Maliki seems fairly brave. There appears to be a significant Shia faction not wanting to go back to the “Dark age of Maliki”. Further, they refer to him as the “Godfather of corruption”. This is a rather brash description of a still, very dangerous figure.
I am hoping the hold-up isn’t that for Abadi to prosecute Malik he will have to implicate himself. In typical Iraqi fashion, there is just no telling which of these characters has been (or still are) “at the trough” of corruption.
The revelation that Barzani and Maliki had some hinky back-door deal splitting the smuggled oil profits initially seemed so far-fetched, but based on recent revelations, makes more and more sense. In retrospect, Maliki stood a near ZERO percent chance of being removed via a vote of “no confidence”. I wonder if Talibani wasn’t forced into his position by his adversarial position in the KRG on the other side of Barzani in the region. In essence – it wouldn’t really matter what he did or said, with Barzani backing Maliki, he would lose either way. Then he went to a “tea meeting” with Maliki. We all know how that worked out for him.
In any case, with the somewhat tepid response Abadi got from world financial leaders at Davos, he may have to reconsider his previous positions on the timing for prosecuting the major corruption players in Iraqi. The world isn’t messing around. They have pledged their support. They want to bring Iraq fully into the world market “fold”. However, they don’t appear fooled by rhetoric, nor do I imagine they interested in allowing a thug like Maliki any further hand in damaging world affairs. Abadi needs to continue producing results.
We wait and watch.
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mike (Dinar Guru) – Article: “Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money” Quote: “Iraq hopes to get billions of dollars during the donors’ conference to be held next month to finance reconstruction after the war in charge against al-Daesh campaign, but many fear rampant corruption in the country, which would undermine the this appeal.” …Iraq has already been through this, in 2003 billions of dollars were needed and instead of it going towards infrastructure, it went into the corrupt politicians pockets, which is the point of the article. Corruption will be the main deterrent to investment in Iraq, it’s not a level playing field and there’s no open market economy. In the end, it’s just my opinion, we’ll wait and see what happens after the conference.
BGG ~ This is EXACTLY the case I have been laying out. Abadi is on a roll – but he needs to keep rolling!!
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: 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.
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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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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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.
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 1 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still very interesting.)
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Some interesting headlines…
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.
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.
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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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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