The provincial government announces a political meeting on the budget and send a message to Baghdad
The Kurdistan Region Council of Ministers during a meeting on Sunday that the passage of the federal budget law is a clear violation of the principles of partnership and consensus on which the new Iraq was built.
The Council of Ministers of the Kurdistan Region expressed its appreciation to all the Kurdish blocs in the Iraqi Council of Representatives, praising their position and aligning them together and unify their word and position on the issue of the Iraqi budget law, and supported the unity of this row.
The Council decided to hold a joint meeting in the next few days with the Parliament of Kurdistan and the political parties in the Kurdistan Region to discuss this issue. According to a government statement.
The Council of Ministers of the Kurdistan Region stressed that the Kurdistan Region, despite all the problems and differences, is committed to resolving all problems with Baghdad on the basis of the Constitution, and expressed the hope that the talks and dialogue between the Kurdistan Regional Government and the Iraqi federal government to a result in the interest of everyone and solve all Problems.
After a difficult labor, the Iraqi parliament approved yesterday the law of the general budget for 2018, ending months of disagreements on most paragraphs of the law, especially the allocations of “popular mobilization” and oil-producing provinces, at a time boycotted Kurdish deputies meeting in protest to reduce the share of the region from 17 percent to 12 , 6 percent, threatened to boycott the political process.
Article Credit: shafaaq.com
BGG ~ This is almost comical… Think about this for a sec…
These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either…
…all get together, look “super-duper” official and “send a message” to Baghdad.
Really?!?
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PM Barzani: This was not the Iraq we wanted after 2003
ERBIL, Kurdistan Region — KRG Prime Minister Nechirvan Barzani expressed that Iraq was founded after 2003 on the basis of partnership and the budget passed on Saturday did not underscore that.
The premier said at a press conference on Sunday it was “unfortunate” that the Iraqi bill was approved without meeting Kurdish demands because they reflect the government and the people.
The work of the Kurdish blocs in Baghdad was “appreciated” by Barzani.
“I want to thank all Kurdish factions for their attempts recently to guarantee Kurdish share in the budget,” he said, while promising to speak with all Kurdish parties and MPs.
“Despite all the internal issues in Kurdistan, all Kurds in Baghdad strived for Kurdistan’s interests,” Barzani said.
He stressed that he believes dialogue is the only way to resolve pending issues and he remains “hopeful.”
“I am in constant contact with Prime Minister [Haider al-Abadi] to resolve issues,” said Barzani…
BGG ~ PM Barzani? PM Barzani? What is he the the PM of? He wasn’t ELECTED by ANYONE!!
Oh and BTW – exactly how does the Kurdish Leadership’s theft, graft and corruption fit in this Utopian Iraq you’ve had planned since 2003??
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Will the Presidency of the Republic block the ratification of the budget law?
Baghdad / .. The National Alliance, on Sunday, blocking the Presidency of the Republic to approve the law of the budget of 2018, voted by the House of Representatives, on Saturday.
The MP for the alliance Thunder Diamond for the “eye of Iraq News,” that “the Presidency of the Republic consider the supreme interest of the country will not put the sticks in the wheel of ratification of the budget law,” asserting that “the rights of the Kurdistan region installed in the budget through the proportion of population and were distributed fairly” .
He added that the diamond “political consensus was present in the budget, but the insistence of some blocks on what you want forced us to do so,” noting that “passing the budget law is a fundamental issue because the interests of the country depends on them and should not go to this end.” Finished
Article Credit: aynaliraqnews.com
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Central Bank of Iraq Auctions $177,669,700 on 07 March 2018
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on March 7 registered $177,669,700 in sales, a -1.91% volume decline from the US $181,121,050 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 6.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 7 compared to the previous auction.
Data for the March 7 auction was made public by CBI Announcement Number 3650.
Dollar sales in the in the period January 1, 2018 to March 7, 2018 saw an increase of -1% compared to the sales of US $6.79 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.
An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.89 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.
Article Credit: http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS
BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.
So, obviously, that’s not true… so what is it?
Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.
I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.
Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.
Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.
So…
1) Fewer auctions?
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.
Hence, the price goes up (Currently selling between $1100-$1200 per million)
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URGENT A bilateral meeting between Mr. Ammar al-Hakim and al-Abadi
Baghdad: al-Furat News – President of the National Alliance, Mr. Ammar al-Hakim, hold an important meeting with Prime Minister Haider Abadi now.
A source told the agency {Euphrates News} today that “Mr. Ammar al-Hakim is currently holding in his office in Baghdad an important meeting with Abadi to discuss the latest developments in the Iraqi arena.”
He pointed out that “the meeting witnessed the issue of elections and the need for honest competition without punctuation.”
Article Credit: alforatnews.com
BGG ~ What I wouldn’t give to have been a “fly on the wall” in that meeting.
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Mnt Goat (Dinar Guru) – Here it comes…RV…All I can say is – I TOLD YOU SO! Here come the re-education process we have been waiting for all along. Folks – Iraq is starting the rollout the rollout.Now be patient and let the process go forward. We will be at the banks shortly. On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW! Then later out pops this article in the news media. Can it get any better? Article: “CURRENT NOTES SOON TO BE REPLACED” Quote: “About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side.”
Read more: http://www.dinarupdates.com/observer/
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Mike (Dinar Guru) – Quote: “Government / private banks and authorized financial transfer companiesM / training course…We would like to inform you about a training course entitled “Counterfeiting and counterfeiting local and foreign currency and counterfeiting” …who counterfeits a currency worth 0.00090 to the dollar? And, it’s not even accepted outside of Iraq itself. Counterfeiting a $100 bill makes perfect sense, but a 50K note worth $40 bucks? [They look towards the future Mike.] I guess so but Iraq’s currency will slowly rise in value due to the effect of the Balasaa-Samuelson effect, it’s not an overnight deal. In addition, security symbols, raised dots, colored threads and the Spark optical features make this one of the toughest currencies to counterfeit today. With a value of 0.00090 to $1. Shabibi told us all throughout 2011 and 2012 that counterfeiting was an excuse by Iraq’s leadership to not make a change in the value of the dinar. It was a scare tactic. Why we’re still seeing this stuff is beyond me. …it sure seems like a lot of work for a currency that’s essentially worthless outside the country.
Read more: http://www.dinarupdates.com/observer/
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Kirkuk to hold elections with other provinces, first time in 13 years
BAGHDAD, Iraq – After 13 years of being given a special status, Kirkuk is taking part in Iraqi provincial elections at the same time as other provinces on December 22.
Iraqi MPs who represent Kirkuk province – including Kurds, Arabs, and Turkmens – held a press conference on Saturday afternoon, declaring they have passed a law which allows the province to hold elections on December 22 along with other provinces.
Kirkuk MPs were delighted with the decision and congratulated the people of Kirkuk.
Rebwar Taha, a Patriotic Union of Kurdistan (PUK) MP for Kirkuk, said “we have decided to live together and die together.”
He explained the law will last for four years, and will therefore only apply to this term of elections.
Shakhawan Abdullah, a Kurdistan Democratic Party (KDP) MP for Kirkuk, said he hopes the situation in Kirkuk is normalized before the elections take place so that everyone can participate.
Due to rivalries between Turkmen and Arabs on one hand and Kurds on the other, provincial elections have not taken place in the ethnically mixed city of Kirkuk since 2005.
As many as 900,000 voters are eligible to vote across the province.
Since 2003, Iraq has allowed Kirkuk to hold just one single provincial election due to its “exceptional status.”
Kirkuk was taken over by Baghdad on October 16 after Peshmerga forces pulled out in the face of a major assault.
Oil-rich Kirkuk is a flashpoint between Erbil and Baghdad, which both stake a claim to the province. It is one of the disputed areas and as such falls under Article 140 of the constitution.
Article 140 addresses the issue of the disputed areas claimed by both the regional and central governments. Under it, a census and referendum should have been held by 2007. This has never occurred.
Read More: http://www.dinarupdates.com/showthread.php?56431-Kirkuk-to-hold-elections-with-other-provinces-first-time-in-13-years
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G-Lin (Dinar Guru) – Article: “Law of the National Oil Company .. A new era for the development of the economy” This…art. tells us that “the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies. Good stuff. How can Iraq continue to conduct business with a programed artificial devalued rate and operate as the 2nd largest oil co. in the world? Doesn’t make sense at all to me. They also are beefing up their export industry and that is what we need to see. The tradable international rate will need to be in place IMO.
Read more: http://www.dinarupdates.com/observer/
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G-Lin (Dinar Guru) – Article: “Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen” It has taken years. But it did pass and having them all agree on it was the biggest hurdle. Finally profit sharing is addressed. This is the biggy. The entire world has been waiting for this and now it is done.
Read more: http://www.dinarupdates.com/observer/
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Sadrists rally against corruption in Baghdad ahead of elections
Supporters of fiercely pro-Iraq Shiite cleric Muqtada al-Sadr gather on Friday at the nation’s capital.
Some held signs reading “the people demand accountability for the corrupt.”
The demonstrators gathered at Tahrir Square, as Iraqi lawmakers are yet to pass a 2018 spending bill.
Others read “million-man march, reformist, electoral, walking towards reform.”
The country is set to hold May 12 parliamentary elections.
Article Credit: Rudaw.net
BGG ~ This may be some of the best news yet. Seeing Sadr and his people on this side of things is a very, very big deal.
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Some interesting headlines…
Maliki’s media office reveals the reality of the deterioration of the latter’s health and his departure to Tehran
Baghdad agrees to raise the proportion of Kurdistan from the budget and Erbil is waiting
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The Wall Street Journal predicts Abadi will remain in office after the May elections
Baghdad today – “The Wall Street Journal” in a report published Friday, the survival of Prime Minister Haider Abadi in office after the next election, while indicated that the alliances after May, who will decide the form of the next government.
The pro-Iranian Shiite factions, inspired by Hezbollah, also act as political parties, and as with Hezbollah, their ability to exercise political power within Prime Minister Haider al-Abadi’s government and abroad is derived from their weapons, By the total votes they will receive in the May 12 elections. ”
“The multiplicity of political forces and the influence of Iran and the fragmentation of the Iraqi parliamentary system means that post-election bargaining will determine the course of the state rather than the elections itself.”
“Nothing fundamentally changes in the way Iraq is governed,” the paper quoted Haddad, an Iraqi political specialist at the National University of Singapore, as saying.
Haddad added: “The election is likely to result from another coalition government headed by Abadi”
“There is no coherent opposition that can easily outperform it,” Haddad said.
Article Credit: baghdadtoday.news (Special Thanks to Charles Bright)
BGG ~ I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”. I’m hoping on this one, they are more accurate.
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Click this link to join the DU “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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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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