PM Abadi forms committee to investigate corrupt officials
Iraq’s Prime Minister Haider al-Abadi decided on Wednesday to form a committee that will be responsible for investigating corrupt officials.
According to Al-Arabiya, Abadi has also ordered the arrest of more than 100 people, whom he described as “infiltrators” in the protests, revealing that investigations showed different entities behind these people. However, he did not give any further information about who the entities were for security reasons
A number of Iraqi cities and provinces, including Basra, Maysan, Dhi Qar, Babil, Diwaniyah, Wassit, Najaf, Muthanna and Karbala are witnessing mass demonstrations and sit-ins to protest against shortage of jobs, electricity, water and basic services.
On Monday, Iraq High Commission for Human Rights pointed out that 14 people were killed during the protests and 742 were wounded, including 470 protesters and 275 security personnel.
Activists expressed concern the Iranian Revolutionary Guards Corps militia exploits the ongoing turmoil to spread terror and hamper oil transfers.
Article Credit: Thebaghdadpost.com (Special Thanks to Charles Bright)
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An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund
Economy News Baghdad: An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government.
The source, who preferred not to be named for “economy News”, said that “the program of credit readiness, which earned Iraq a loan of 5.4 billion dollars from the International Monetary Fund stopped until the formation of the next government,” adding that “Iraq will begin after the resumption of the program The third review of the Iraqi economy by the International Monetary Fund. ”
He pointed out that “the International Monetary Fund criticized some of the actions carried out by the government during the past years and the latest delay in the House of Representatives in the adoption of the draft budget law for the year 2018 because of political differences.”
Article Credit: Economy-news.net (Special Thanks to Tim Tarkington)
BGG ~ Look like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on thing until they get the new government formed. Hmmmm?!?
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Bloodloch (Dinar Guru) – We’re in a bit of limbo right now while waiting for Iraq to complete their election recount (reports are they are getting close), their federal court to certify those results (which should happen in fairly short order after the recounts), and the new government to be seated (which should theoretically happen almost instantly once the court certification is released). Some say that seating the new government is not necessary for a currency revaluation, but the CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project. Stability, some claim, is intrinsically connected to removing the corruption associated with the currency auctions, and so that brings us back around again to the need to seat the new government and remove a large portion of corrupt politicians who, in losing their re-election, will lose their immunity from prosecution the moment they are declared no longer a part of the government. Unsubstantiated reports are that some of those “losing” politicians have already started fleeing the country. I remain cautiously skeptical, but we shall see. All we can do for now is to wait…
Read more: http://www.dinarupdates.com/observer/
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Why sell Dinar?
Simple answer: I’m selling – so I can buy. I sell so that we can increase holdings and help everyone along the way. We keep what we can afford to. That’s the general concept anyway.
To answer the ding-a-ling critics – we’re aren’t “selling out” – we’re “buying in”. Which all started by just trying to help a few folks in a tough position.
Sometime back we were able to, because of our unique position – help some folks in a big way with their currency. This was when the various Dinar dealers were PUNISHING people on their buy-backs and not passing much on to buyers.
We helped. At a time when the advertised buy-back price was $500-650 per million (depending on condition) we were able to get one man $850 per million x 60 million which helped him save his farm. We didn’t make much ($25 per million – to be exact) – but we helped.
It was then I realized, if we were gonna’ keep this up, we ought to get registered as a dealer… just to be on the safe side. We did.
What does this mean for you? We try to offer the best number for those wanting to get out – and the best number we can for those wanting to get in or add more.
Our Sell price for today: $995 per million
www.TheDinarExchange.com
615-509-6256 (ANY TIME – If I’m awake and near the phone, I’ll answer. If not – leave a message. I’ll get right back to you.)
Here’s a nifty testimonial that just came in this morning…
“Hi Tom,
Yes. I got the wire. Thank you very much – Sir. It went just like you said it would. My friend is very grateful and said thank you. He needed money fast to pay a bill so it came just at the right time”.
Stephen O
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Adam Montana (Dinar Guru) – It’s the progress we’ve been waiting for! Nothing could be more confidence-inspiring than the situation we are currently witnessing... heck, I think our United States presidential elections had more accusations of fraud than this recent Iraqi process! Due to the smoothness of this transitionary period, the PTB have been able to continue solid work negotiating with all of the components that make up the HCL. Where we could have seen delays, and the “where is my RV Tuesday?!” crowd will certainly argue that we are seeing nothing BUT delays, I disagree. What we are witnessing is a steady march towards success. The first week of August will be very telling.
Read more: http://www.dinarupdates.com/observer/
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The decline of the Turkish lira and the recovery of the Iraqi dinar
Samir Nusairi – Through my presence in Turkey for several days and living for the movement of the cash market and the rates of the exchange rate of the Turkish lira compared to the US dollar and my daily exposure to the economic indicators and reports published and published by the Central Bank of Turkey and the centers of studies and Minsher in the newspapers and the media and most important are the views of citizens, industrialists and traders.
Cash in the Central Bank of Turkey, which was issued on July 25, which kept the interest rate by (17.75%), contrary to the expectations of experts, analysts, industrialists and investors, which led to the devaluation of the pound (15.4%), where a decision was made yesterday to increase the price of bread by 25%, and this made the experts and leaders of monetary policy in Turkey (25%), which is the lowest value in 14 years.
I believe that the continuation of this situation will lead to (defeat in the market) and then become the hardliner policies of the central bank. What interests me here is the comparison between the monetary and financial policies and the economic mechanisms adopted by the Central Bank of Iraq, which was able, with a purely Iraqi experience and self-sustaining efforts to maintain the stability of the exchange rate and recovery of the Iraqi dinar in the most difficult political, security and economic conditions. It did not (get) pass(ed) by any of the countries of the world during the three years.
In the past, despite the traders of crisis crises continued monetary stability for seven months and will continue because of the absolute faith in the management of the Central Bank of the ability of the Iraqi banking sector to cope with crises and support and compliance with the instructions of monetary policy issued by the bank Iraqi uniform and the application of moderate international standards in the global banking system.
Article Credit: Economy-news.net (Special Thanks to Tim Tarkington)
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Adam Montana (Dinar Guru) – Dinar news has been slow this week… My best sources are in agreement on a couple things…The recent GOI election results should be confirmed as soon as the end of the month. The important part of this process is the manner in which it is being done. Most election cycles in Iraq, over the last decade or so, have been wrought with claims of fraud, lawsuits, objections, and never-ending delays. We are seeing a much different landscape this time around! Results are being confirmed, district by district, with claims of 100% accuracy. That is unprecedented! For Iraq to make it through this kind of democratic process with no major fires or upsets is fantastic to see.
Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) – …the IMF is in control when they signed the Stand by Agreement back in 2015 giving them trustee over the CBI. There is no RV or RI …only a gradual appreciation via a float.
Read more: http://www.dinarupdates.com/observer/
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Some interesting headlines…
A Marshall Plan for Iraq?
Majid al-Nasrawi receives dollars and escapes to Iran after issuing arrest warrants against him
Rafidain Bank and KI partnership to provide global services soon
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A new banking alliance between Iraq and Saudi Arabia
(Reuters) – Saudi Arabia’s ambassador to Baghdad Abdul Aziz al-Shammari on Wednesday unveiled a proposal for a banking alliance between Iraq and Saudi Arabia, adding that many Saudi banks are planning to open branches in Baghdad.
Al-Shammari said in a televised statement that “the port of Newar Arar is connected to Anbar province and is scheduled to open in 10 months. It will be a large commercial exchange between the Republic of Iraq and Saudi Arabia. It will facilitate the entry of Saudi goods to Erbil, And from Iraq, to Saudi Arabia. “
He added that “the Businessmen Council between the two countries proposed the establishment of an alliance. Saudi Arabia agreed two weeks ago to open the branch of the Iraqi bank TBI in the Kingdom, and many of the Saudi banks expressed their desire to open branches in Baghdad and Erbil, This subject”.
“There will be direct flights to Saudi Arabia between Arbil, Jeddah, Medina and Riyadh soon,” he said. He pointed out that “the Saudi delegation that visited Erbil includes businessmen from all sectors, and investment in Erbil targeting sectors such as agriculture, industry, energy, etc., and Saudi businessmen have a great passion to enter the investments directly in the region.”
Article Credit: aljournal.com (Special Thanks to Charles Bright)
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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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State law calls out the IMF’s pressure and prepare contingency plans
State law calls out the IMFs pressure and prepare contingency plansCalled a coalition of state law, on Monday, to develop contingency plans in order to restore the citizen’s confidence in the political process and get out of the pressure of the International Monetary Fund, pointing out that the latter deals with his calculations on paper away from the reality of Iraq and the state of poverty experienced by the people.
The official spokesman for the coalition Abbas al-Moussawi said that “some politicians are still dealing with the events that hit the country as if they were amateur political process, not mindful that Iraq can not risk its future,” noting that “the citizen has been completely frustrated by the political process in Iraq and his message is clear from During the abstention from the elections and today we see him go out angry to the street to demand his rights. ”
“The next stage should be the establishment of a government service aimed solely at serving the Iraqi people to restore confidence between them and the people,” adding that “the need to get out of the pressure of the International Monetary Fund, which deals with his calculations on paper while the reality of Iraq and the situation of poverty experienced by the people Can not be tolerated. ” Moussaoui called for “the implementation of contingency plans through which the citizen’s confidence in the political process.”
The IMF imposes conditions for Iraq in return for granting a loan, including the lifting of government subsidies on fuel and ration card and reduce expenses, while overseeing the development of the general budget.
Several provinces in Iraq have been witnessing sit-ins and angry demonstrations for more than two weeks, accompanied by road closures, burning tires and raising demands for improved services and jobs.
Article Credit: Alrassid.org (Special Thanks to Charles Bright)
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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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