Sources: Political blocs agree on Adel Abdul Mahdi as prime minister and Abadi deputy to the President of the Republic
Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic.
The sources pointed out that the choice of Abdul-Mahdi for the post of prime minister came to resolve the dispute between the coalition of construction, which includes Nuri al-Maliki and Hadi al-Amiri and the alliance of reform and reconstruction, which includes victory and rest, wisdom and patriotism on the proposed character to fill the post of prime minister.
Read More: Dinarupdates.com “Current Iraq News Thread”
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BGG ~ We have Dinar available. If you would like to buy Dinar – Please call me directly, leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.
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Master Card honors the Central Bank of Iraq
Master Card International honored the Central Bank of Iraq, represented by the Department of Payments in this bank, with a shield of excellence during the annual conference held in Spain.
The recognition of the policies and strategies adopted by the Central Bank of Iraq in payment systems and the important role it plays in leading the market through the establishment of an integrated payment system depends on the exchange of international best practices by organizing the work of participants and the opening of professional competition and the elimination of monopolization.
On the other hand, the company showed its support to contribute to support the Central Bank of Iraq and banks and licensed companies operating in the country through the best and latest technologies that reflect positively on the reality of the Iraqi economy.
Read More: Dinarupdates.com “Current Iraq News Thread”
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Hakim stresses the need to resolve the presidential candidate by the Kurdish forces
Alsumaria News / Baghdad – The head of the stream of wisdom, Ammar al-Hakim , Sunday, the need to resolve the presidential candidate by the Kurdish forces to complete the constitutional entitlements and the formation of the government.
Hakim’s office said in a statement received by Alsumaria News that Hakim “received the ambassador of the French Republic in Baghdad, Bruno Obert ,” stressing that “the review of developments in the political scene locally and regionally.”
He stressed Hakim according to the statement “the importance of the post of President of the Republic and the need to resolve the candidate by the Kurdish political forces to complete the constitutional entitlements and the formation of the government, which we stress that it must be a strong government able to promote the service and development in the country.”
Renewed Kurdish dispute over the post of President of the Republic
Hakim assures the Kurdistan Democratic delegation the importance of the President of the Republic to “all Iraqis”
The political arena in Iraq is witnessing a wide movement among the winning forces in the elections held on 12 May 2018 to resolve the issue of the largest bloc in preparation for its mandate to form the next government after the parliament ended the election of its presidency
Read More: Dinarupdates.com “Current Iraq News Thread”
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Mnt Goat (Dinar Guru) – Article quote: “Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic” …this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
Read more: http://www.dinarupdates.com/observer/
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Souroun: Talk about the candidate of the largest bloc will be after the election of the President of the Republic
Special – Mawazin News – The alliance of the Sadrists led by Muqtada al-Sadr, on Sunday, that talk about the candidate of the Prime Minister will be after the election of the President of the Republic, while he pointed out that the Kurdish agreement awaits the candidate for the presidency.
“We are waiting for the agreement of the Kurds on their candidate for the presidency of the republic and we hope that they will calm down on a national figure acceptable to all and put it in tomorrow’s session,” spokesman for the Sawson Hamdallah Rikabi told Mawazine News.
On the candidate of the bloc for prime minister, Rikabi said, “After the election of the President of the Republic there will be talk on this matter.”
It is noteworthy that the reconstruction and reconstruction coalition led by Sarun announced that the largest bloc number, in conjunction with the announcement of the construction alliance led by the conquest of the largest bloc.
Read More: Dinarupdates.com “Current Iraq News Thread”
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Mnt Goat (Dinar Guru) – Right now we know the CBI is slowly, through a process, moving towards more and more use of the lower category notes. We see it in the news. The fact that they are now experiencing a severe shortage in the small categories tells us this process is working. Will the CBI be pumping other, newer smaller category notes in the coming weeks? I fully believe this is not what they are taking about in all these recent articles. They are not yet ready for this next step… We know that electronic banking, Point of Sale (POS), ATMs and other reforms have given them this capability now to utilize these small category notes. They have turned a milestone in the process and so now it is a matter of time until they launch even lower, lower denominations, eventually getting off the older 3 zero notes all together.
Read more: http://www.dinarupdates.com/observer/
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Breitling (Dinar Guru) – Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2]
Read more: http://www.dinarupdates.com/observer/
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Breitling (Dinar Guru) – …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
Read more: http://www.dinarupdates.com/observer/
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Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency
Roudao – Erbil – The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that “this plan needs to deliberate steps, so as not to be exploited in the fraud.”
Al-Alak said in a statement to the official Sabah newspaper that “currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage.”
He added that “the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others.”
He explained that “the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash.”
On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that “these ideas are traded by the Central Bank, but at the present time regret it.”
The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country “to prevent manipulation and fraud of weak souls.”
Read More: Dinarupdates.com “Current Iraq News Thread”
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Some interesting headlines…
Saudi Arabia “compensates” the United States by 9 trillion dollars!!
Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks
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Al-Hanal: The time is right to launch the JD trillion initiative
Economy News Baghdad – The President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that the time is appropriate to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises.
Al-Hantal said in his speech during the workshop “one-trillion-dollar initiative to support small and medium enterprises” held in the city of Erbil and attended by “economy News”, the reason for non-activation of the initiative at the time of launch due to the existence of a window selling the currency, which banks were making profits from it, “When the interest rate was set at 4% to lend to the market there was another source of profit, the window of the currency, but the recent profits ended is left to banks only lending .”
He pointed out that “banks lend from their deposits at a greater interest or Murabaha greater than 4% so when it comes to the initiative of the Central Bank, which is determined by 4% do not use it, because it has funds and can lend .
The head of the Association of Iraqi Private Banks, suggested reconsidering the interest rate and leaving the market is to determine the interest rate and the recent competition will be between banks .
Al-Hanalal thanked the Kurdistan Bank for sponsoring the initiative of the trillion dollar initiative and stressed the encouragement of the Association of Iraqi Private Banks for such activities in the coming stages .
Article Credit: Economy-news.net
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