Dinar Daily NEWS Blog – May 8th

Abadi: The corrupt have become restless

Information / Baghdad .. Prime Minister Haidar al-Abadi said on Tuesday that the corrupt in Iraq have become restless by the measures taken by the government, pointing to his quest for a new renaissance in Iraq.

Abadi said in a speech during an election festival in the province of Wasit and followed by “information”, “The corrupt in Iraq are getting mad with every action by the government,” noting that “the corrupt failed in the face of government action.”

He added that “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.”

Abadi stressed that “the government reduced the privileges of all officials during the last stage,” pointing out that “hit the corrupt and the hands with an iron fist.”

Article Credit: Almaalomah.com (Special Thanks to Vernell Washington)

BGG ~ I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!!

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Who are the corrupt in Iraq?

Maliki, when threatening his political opponents with files of corruption, does not disclose his (own) personal corruption.

By: Farouk Yousef

As the legislative elections in Iraq approach, the condemnation of corruption and corruption has escalated to the point that we recognize that Iraq is the only country in the world where the opinion of the people and politicians is in line with the call to fight corruption exceptionally.

Everyone there stands against corruption. The poor and the rich. Outcasts and Privileges. Servants and gentlemen. Secularists and Baptists. Public and private. Intellectuals and secondhand clothing vendors. Opponents and beneficiaries of the spoils of the system of sectarian quotas. Former murderers and new killers. Imams of mosques and militia leaders who committed the most heinous crimes.

At every moment, the Iraqis seem to be coming out in a demonstration against corruption these days. They have nothing to do except to attack corruption. Which in turn suggests a typical awakening after the night of long religious parties.

Corruption has destroyed the lives of Iraqis. That’s true. Corruption humiliated them and defeated them and deviated by their morals, they became either robbers or thieves. Corruption has destroyed their values, their customs and the realities of their lives, and stolen the most beautiful of what they have – social solidarity and tolerance in looking at the different one. Corruption has deprived them of education, health, and infrastructure services and has destroyed their ability to see the facts as they are. Neither their religion nor their world is fresh.

All this is true, but corruption is not an abstract or intellectual phenomenon.

Here is a legal question: “Who are the corrupt?” No corruption of non-corrupt…

Read More: http://www.dinarupdates.com/showthread.php?56775-Who-are-the-corrupt-in-Iraq&p=181774#post181774
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Chattels (Dinar Guru) –  Article quote:  “Security forces in Babel have entered a state of ultimatum with the participation of more than “20,000” security elements to secure the general elections to be held next Saturday (May 12th).”  5 days remaining until the election.  Maliki went to court to try to stop the use of electronic voting machines. Latest try by ruling parties to get rid of devices.

Read more: http://www.dinarupdates.com/observer/
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Central_Bank_of_Iraq_LogoCentral Bank of Iraq Auctions $146,004,033 on 08 May 2018

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on May 8 registered $146,004,033 in sales, a 45.59% volume increase from the US $100,281,900 sold by Iraqi Dinar, credit and transfer at the previous auction held on May 7.

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on May 8 compared to the previous auction.

Data for the May 8 auction was made public by CBI Announcement Number 3694.

Dollar sales in the in the period January 1, 2018 to May 8, 2018 saw an increase of -1% compared to the sales of US $12.38 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 ~ We will continue to highlight the regular auctions.

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Visa Card for “Economy News”: The Iraqi market is promising and has a good future

Economy News Baghdad – Visa International announced that the Iraqi Iraqi market is promising and has a good future, stressing that the banking sector is committed to the strategy set by the Central Bank.

“Visa Card considers the Iraqi market to be promising and the banking sector is committed to the strategy led by the central bank in addition to having several competencies,” said Tarek Husseini, regional director of Visa International, To deal professionally with mistakes to avoid wasting more time to promote the reality. ”

He pointed out that the company signed a contract with the Central Bank to activate its strategy on financial coverage and expand the base of electronic payments in the Iraqi market and provide the necessary services for that.

Article Credit: economy-news.net (Special Thanks to Charles Bright)
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Abadi is just around the corner from the second term

Baghdad / Al-Ghad Press: The leader of the Dawa Party, MP Ali al-Alak, expected on Thursday that Prime Minister Haider al-Abadi will have a second term as prime minister.

“Prime Minister Haider al-Abadi has a strong chance to take over as prime minister again after the May elections,” al-Aalak told Al-Ghad Press.

“Abadi is the favorite among all the political figures for this position and is therefore just around the corner from the second term,” he said.

He explained that “through the extrapolations of political figures, the person Abadi has the qualifications to renew confidence as prime minister, especially as he led the country in a critical period and succeeded.”

Article Credit: alghadpress.com (Special Thanks to Tim Tarkington)
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MilitiaMan (Dinar Guru) –   Article:   “National Bank announces the completion of the electronic system for the completion of transactions”   This article…is after review…telling us the National Bank has completed the electronic testing for the system that took a period of three months.  They are all done, as it is now set for the completion or facilitation of transactions for pensioners, employees, etc…They are telling the citizens it is safe. …the final stage is crucial and it needs to be told to the citizens specifically and in those specifics, imo is the date and rate, and with security and stability. They sure look to be say that they meet that criteria now.  The above is now adopted into an activation state of being imo...

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Based on our compliance countdown counter, Iraq has 38 more days to meet IMF compliance of the 3 month rule.   What this means is that they have to maintain the spread of 2% or less for 38 more days.

Read more: http://www.dinarupdates.com/observer/
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BAGHDAD – hosts investors from all over the world to rebuild Iraq

In addition to the decisions of the Kuwait Conference, a number of investors from all over the world gathered in Baghdad to present their investment projects for the reconstruction of Iraq under the umbrella of the General Secretariat of the Council of Ministers, which aims to create a fertile environment for investors and enact legislation to facilitate the routine procedures that hinder the work of investors in the country.

“We must prepare an investment map, what is the geography of investment in Iraq and what priorities we need, we need to rebuild the infrastructure, especially in the areas that the income has been encouraging,” said Riyadh al-Adadh, head of the Baghdad Provincial Council.

The Iraqi government recently focused on increasing investment opportunities in the country to reconstruct the affected areas by providing an environment conducive to them, represented by the security situation and remove abuses that hinder the work of investors.

Article Credit: en.economiciraq.com
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Chattels (Dinar Guru) –   “Iraq’s Constitution of 2005   Article 1:   The Republic of Iraq is a single, independent federal state with full sovereignty.   Its system of government is republican, representative, Parliamentary and democratic. This Constitution is the guarantor of its unity.”   The Iraqi PM is not directly elected by the people.  He is elected from the largest coalition upon designation by the President of Iraq and a vote by the Parliament…parliamentary system, not a presidential system.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   There are people that own dinar that are just learning about the 2% compliance requirement from the IMF…This information is not secret it’s posted in the Article IV Consultations from the IMF. There are some that try to avoid it by saying it doesn’t apply or it’s outdated.The fact is it’s been stated in the Article IV Consultation in 2012,  again in 2015 and the most recent September of 2017.

Read more: http://www.dinarupdates.com/observer/
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Iraqi Supreme Court: Article 140 is in force and must be implemented

The Supreme Federal Court issued a decision on constitutional article 140, noting that it is one of the important articles of the Constitution and does not die in any way.

The legal expert Khalil Mirani said in an interview with the official website of the Kurdistan Democratic Party that the Federal Supreme Court issued a few days ago its decision on the constitutional article 140, explaining that according to the court’s decision, Article 140 of the articles of the Iraqi Constitution is not in any form and must be implemented, he said.

He added that “the decision came in response to the people and the Iraqi forces, which claimed that the 140 has expired, but the Kurds insist on it, because the Iraqi authorities when the implementation of any constitutional article in favor of the Kurds do not implement.”

The legal expert pointed out that “the Kurds have been busy during the last period of building Iraq to live all Iraqi people under the state in all their components after 80 years of dictatorship and become a federal democracy,” but added that “it appeared that those who ascend the throne of power in Iraq governed by mentality Previous itself “.

He stressed that “the implementation of Article 140 until 2007, but it was not implemented, because of Baghdad,” pointing out that “the Kurds will not give up those areas of Kurdistan, which falls within the constitutional Article 140.”

He explained that “most of those areas were until last year under the authority of the Kurdistan Region,” but added that “because of some traitors, the region lost those territories.”

“The people should punish the traitors who caused this great betrayal in the loss of part of the territory of Kurdistan,” he said.

Article Credit: shafaaq.com

BGG ~ In the simplest terms: it was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen…

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Some interesting headlines…

Iraqi Kurdistan sets September 30th for parliament elections

Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund

Iraqi oil ministry calls on US companies to increase their presence in Iraq

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A campaign poster of former Iraqi Prime Minister Nuri al-Maliki is seen in the street ahead of the parliamentary election, in Baghdad, Iraq, May 1, 2018. Picture taken May 1, 2018. REUTERS/Thaier al-Sudan

Iraq’s Maliki poses as Shi’ite champion in race for top job

BAGHDAD (Reuters) – Former Iraqi Prime Minister Nuri al-Maliki fulfilled his life-long goal of wresting power from the country’s minority Sunnis after the fall of Saddam Hussein but his drive to entrench Shi’ite dominance proved his downfall.

Blamed for the widespread corruption and divisive policies that contributed to the collapse of the Iraqi military and the rise of Islamic State, Maliki lost the premiership to fellow Dawa Party member Haider al-Abadi after a 2014 election.

Now, after four years sidelined as one of three largely ceremonial vice-presidents, Maliki is taking on Abadi in a May 12 election in a bid to win a third term as prime minister, and is posing again as Iraq’s Shi’ite champion.

Posters of Grand Ayatollah Mohammed Baqir al-Sadr who was executed by Saddam in 1980 fly at Maliki’s rallies, the dominant color of his campaign banners is the green of Islam and he is proposing to do away with the power-sharing formula that has ensured government roles for the dominant non-Shi’ite groups.

Sentenced to death under Saddam for being part of the outlawed Shi’ite Islamic Dawa Party, Maliki spent nearly a quarter of century in exile mainly in Syria and Iran, continually agitating for the dictator’s downfall.

After returning in 2003, Maliki joined Iraq’s interim government and became prime minister in 2006, establishing a reputation as a shrewd political operator and the Shi’ite leader who pulled Iraq back from the brink of civil war.

Maliki’s supporters praise him for signing Saddam’s death warrant in 2006 and for refusing to allow U.S. forces to stay in Iraq beyond 2011.

But during eight years in office, Maliki was also perceived as an inveterate sectarian who alienated the minority Sunnis and Kurds by shutting them out of key security positions and undermining power-sharing.

“When he became prime minister, he continued to function as an underground Dawa operative. He put in place shadow Dawa cells in each ministry reporting directly to him, and not the minister,” said a non-Shi’ite who served in Maliki’s cabinet.

“It wouldn’t be far-fetched to say that he created a parallel government and parallel security services reporting directly to him,” the former minister told Reuters.

Responding to accusations Maliki ran a parallel government, his media adviser, Abbas al-Musawi, said the former prime minister was at times forced to launch initiatives directly to boost the economy when he felt ministers from other groups were delaying or obstructing the work of government.

Blamed for letting Islamic State seize a third of Iraq in 2014, Maliki was blocked from winning a third term by Iraq’s top Shi’ite cleric, Grand Ayatollah Ali al-Sistani, opening the door for Abadi to become prime minister.

‘POLITICAL MAJORITY’

On the face of it, Maliki’s campaign call for a multi-ethnic “political majority” government to make the administration more efficient and cohesive could be seen as a break with his past.

Maliki is proposing to replace the system whereby the cabinet must reflect the parliamentary representation of political parties with a multi-ethnic governing majority and a multi-ethnic opposition minority.

But non-Shi’ite politicians fear the plan could keep the main non-Shi’ite groups out of government and reduce their influence, in contrast to the more inclusive policies of Abadi.

“Shi’ite religious parties have been controlling the key positions of the state, public administrations and security services since 2003. Having a political majority rule under these conditions will remove all the checks and balances non-Shi’ite parties have,” said Jaber al-Jaberi, a Sunni MP.

Opponents say the proposed system would, in practice, allow a prime minister to chose Kurd or Sunni ministers who are not representatives of the main Kurdish or Sunni parties, as long as they were qualified and agreed on a common program.

“The claims that there is a deep state controlled by the Dawa is a big lie,” said Saad al-Muttalibi, a lawmaker from Maliki’s group in parliament.

Campaign posters of former Iraqi Prime Minister Nuri al-Maliki is seen ahead of the parliamentary election, in Baghdad, Iraq, May 1, 2018. Picture taken May 1, 2018. REUTERS/Thaier al-Sudan

“The previous (Maliki) governments were partnership cabinets and the political forces that took part in them share the credit of success and the blame of failure,” he said.

Maliki’s followers see his removal in 2014 as a conspiracy because he championed Shi’ite interests in Iraq and the region.

“He is a strong leader, he is not afraid of confrontation,” said Mohamed Ghabbar, a student in the Shi’ite holy city of Kerbala, south of the capital Baghdad.

In Syria, Maliki sided with Shi’ite neighbor Iran and Bashar al-Assad in the civil war pitting the Syrian president against predominantly Sunni opponents backed by Saudi Arabia, Qatar and Turkey.

Like many Iraqi Shi’ite leaders Maliki is closely tied to Iran, where he built relationships during his exile.

In his election campaign, Maliki continues to advocate an anti-Saudi line, implicitly criticizing Abadi for rebuilding bridges with Riyadh and other Sunni capitals.

“I had told these countries that I won’t allow the regime in Syria to fall,” he said in an April 24 interview to Al Mayadeen, a Lebanese TV channel close to Assad, who belongs to the Alawite sect which is an offshoot of Shi’ism.

“Saudi Arabia failed (in Syria) and it is trying now to bring Iraq to the Saudi alliance. Iraq can’t be part of this alliance,” he said, in an apparent reference to a conference in Kuwait in February to raise funds for Abadi to rebuild Iraq.

As the leader of the Dawa Party, Maliki will command a solid base of Shi’ite support in the election, especially from religious Shi’ites wary of power-sharing.

But this time round, the Shi’ite vote looks set to be split between three frontrunners: Abadi, Maliki and another ally of Iran, militia leader Hadi al-Amiri, whose stature and popularity rose after he commanded the fight against Islamic State.

If no clear winner emerges, Maliki will have to call on all his negotiating skills again to secure a governing alliance, or risk being sidelined once more.

Article Credit: Reuters.com
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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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Thanks – BGG!!

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