Dinar Updates retweeted Hayder al-Khoei

BGG ~ I wonder if he’s coming back??Dinar Updates added,

Hayder al-Khoei @Hayder_alKhoei

Maliki in Tehran for an “official visit”, expected to meet Ayatollah Khamenei & President Rouhani

http://www.ara.shafaaq.com/23777  (Ar)

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firefly – Iraq is HOT, and I’m not talking weather either!  I don’t think Iraq can wait much longer personally. They either do or they are going to be in world of hurt!  I love the fact that Abadi is able to amend certain parts of the constitution now with the help of American experts…HUGE!  I honestly don’t see this going much further down the road. The pressure for completion is ON.
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Millionday – THEY STATED…THAT THEY VOTED IN ALL IMPORTANT LAWS… [So in other words we need to see the NR [National Reconciliation] meeting b/4 the revaluation of the dinar?]  THE NR WILL BE IN BAGHDAD AND INCLUDE MANY WORLD LEADERS AND REGIONAL — A SIGNING CEREMONY AND HUGE PARTY IT APPEARS…NOTHING SAYS THE NR WILL HOLD UP ANY CBI MOVES AND THE REFORMS ARE LAW — SO NOT ACCORDING TO WHAT I HAVE SEEN IN INK.  [do you think the reconciliation being completed and RV could happen at the same time?]   IMO IT COULD HAPPEN AT ANYTIME…I JUST DON’T KNOW WHEN.
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Mnt Goat – Reforms, reforms and more reforms. We see them in the banking sector, security sector, economic sector, area of reconciliation, inter-governmental and international trade (tariffs and customs), etc. Soon they will have to also complete the CURRENCY reforms we have long been waiting for very soon. It’s all coming to an end shortly. Be patient and give them time. Abadi has built up enough incredible confidence enough that they can now rid themselves of Maliki and his goons. Once he is gone they can move very quickly to where they need to go.
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Round Table Chat w/BGG (mid-Day) 8-14-15 

Thanks to DinarRecaps.com for posting Round Table with BGG

Welcome to dinarupdates.com for Roundtable with BGG filling in for MD!!

BGG: Hey folks – the news over the last few hours has been WOW?!!
BGG: This article (from late yesterday) was very curious to me…

BGG: Republic Keywords Sorry Iraq (Op Ed)
BGG: (excerpts only)

BGG: Why Keywords and Why Iraq? Why is it reap? Come with me, dear reader, to see Keywords is the title of an Iraqi family controls two from one family, brothers and a cousin of them on the financial situation and the economic and political for Iraq and Bhddonh see them despite the lack of specialization in all positions they occupy and takes Abadi their opinion and implemented without discussion because they Avanmoh that they are the most efficient of Iraq?
~~~
Read More: http://www.dinarupdates.com/showthread.php?17193-Roundtable-chat-with-bgg-8-10-15
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wmawhite – …you ought to know the reason why PM Abadi is making all of these changes which is primarily cleaning up the corruption. And why is he doing this? Because unless he does the rest of the world will NOT do business with Iraq. If the world will not do business in Iraq then it doesn’t matter what value Iraq put on its currency, it will still not be worth anything. So, you ought to feel very good why PM Abadi is making these changes, it is because Iraq is getting ready to introduce the IQD to the world currency markets.
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Millionday – THE REFORMS BEING PASSED IS GOING TO OBVIOUSLY SUPPORT THE PRIVATE SECTOR AND ECONOMIC REALITY.  …REFORMS CAME WITH IMPLEMENTATION OF GOV PROGRAMS AS WELL…THEY EXPECT THE REFORMS TO ADVANCE THE ECONOMY…THEY NEED ALL LAWS FACED TODAY AND TOMORROW TO EXPEDITE THE MARKET ECONOMY AND THE REFORMS COMPLETELY.
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Mnt Goat – Going back in time I also want to remind you that about 6 months ago Abadi asked Dr Shabibi to return to the CBI.  However Dr Shabibi gave him a list of requirement in order for him to come back. One condition was for him to be reinstated “officially” and with a public announcement. The second was that he wanted it clear that there would be no more interference by the finance ministry in the duties of the CBI. In other words a clear separation of duties. The third was that he required all his former staff to be exonerated of all crimes.  Abadi does not like proxy positions. But in order to seat his government in time a year ago he had to use a couple proxy positions…  I believe he is going to clean house in the finance ministry and the Central Bank of Iraq (CBI) next. Remember he was the former deputy finance minister so he knows very well what is going on in these areas. He knows the necessity of increasing the value of the currency and he knows why it has been stalled. But it not all about the currency. It is all about creating an overall political environment where Iraq can prosper. Currency reform is just a byproduct.  So what is the main proxy position now being held in the CBI? Enough said…  [post 2 of 2]
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“Straight Talk Radio” Call!!

“for Dinar News – that MATTERS!!”
from Thurs – 8/13

Click banner on mid-right of page!!

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Adam Montana – [Months ago Abadi told the world to “hang on” as the value of the dinar would change by June 2015…what happened?]  I don’t recall Abadi stating that date, but regardless… they aren’t going to give us an exact date for a major RV. That will happen when it happens.
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Mnt Goat – Over the weekend Abadi came out with some sweeping reforms…the most sweeping reforms…the elimination of the 3 Vice presidencies and their 3 deputy positions. Not only is Iraq saving expenditures but strategically Abadi has set the stage for the next move… There would have to be a constitutional change in order to allow this to happen since these positions are mandated by it. This vote took place on Tuesday and it passed. I believe they are moving towards the “official” appointment of Ayad Allawi as head of the Federation Council and the final demise of Nori al-Maliki since he lost his immunity in this recent move. ALL politicians are no longer sanctioned by immunity and will suffer the full brunt of consequences for any corruption. Maliki and his goons had to be neutralized for any RV to happen. We were told this week there would be yet another set of reforms sent to parliament for a vote on Thursday.  I believe this second set of reforms are the laws to complete the Reconciliation Reforms we have been waiting for so long. They will be presenting them to parliament again as a “package” of laws to vote on. Remember we are in mid month August already, the end of 1 year term for Abadi. He had to have all the reconciliation efforts completed in this timeframe. So I do not believe it will take much longer to see this second package of reforms.  [post 1 of 2….stay tuned]
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Commercial Solicitation

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Millionday – Article quote:   “Chancellor confirmed head of the House of Representatives for national reconciliation and unity Jumaili, Wednesday, that the Parliament has fulfilled its obligations with the consent of government, parliamentary and papers on government reform and implementation.”  IT HAS BEEN CONFIRMED FOR THEIR NATIONAL RECONCILIATION—-THAT PARLIAMENT HAS APPROVED THROUGH VOTE — THE REFORMS AND THEIR IMPLEMENTATION…   THE REFORMS PACKAGE AND THE PARLIAMENT REFORMS HAVE BOTH BEEN PASSED.  [Was the HCL included in these Reform and Parliament Packages?]  …WE HAVE NOT SEEN INK STATING THE HCL IS DONE YET.
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Iraq to endorse new investment law next week

The legislation has been seen as a positive move towards raising the country’s attractiveness among foreign investors. Iraq’s parliament is expected to endorse in the coming week the new investment law in the hope of supporting the private sector, attracting more foreign investments, as well as ending corruption and red tape…

http://www.dinarupdates.com/showthread.php?17335-Iraq-to-endorse-new-investment-law-next-week-8-13&p=126793&viewfull=1#post126793
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Mnt Goat – Here now we finally see the wrenching up of the final stages of these reforms as Iraq cleans up the corrupted officials and the unnecessary positions from the inter-governmental ranks. We are also seeing the wrenching up the beginning of the end of the Maliki and his goons…over the last year Abadi has left the people to decide what they want and these recent protests and telling the government what they want.  Why is this important?  It is important because Abadi would never have had this kind of support in parliament to quickly implement the extent of the reforms he recently proposed without this pressure from the citizens. This is all very good for us and I am now telling you we can expect the CURRENCY reforms and other reforms coming soon.
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Adam Montana – [What do you make of them postponing the implementation of the tariffs at the last minute…?]  I am fine with it. They need to revalue the currency, kick up their economy, and then impose tariffs.
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News of the resignation, “Medhat al-Mahmoud,” Chairman of the Supreme Judicial Council

Palm-sources and satellite channels in a flash revealed the resignation of the President of the Supreme Judicial Council and the Supreme Federal Court judge in Iraq, “Medhat al-Mahmoud” from office.

The Iraqi “Baghdad” channel which broadcasts from Cairo, said head of the Supreme Judicial Council and the Federal Supreme Court in Iraq judge “Medhat al-Mahmoud,” resigned from his post for reasons not disclosed by asserting that the demonstrations in the Iraqi street, causing the resignation of many corrupt in senior positions and presidencies…

http://www.dinarupdates.com/showthread.php?17331-News-of-the-resignation-%93Medhat-al-Mahmoud-%94-Chairman-of-the-SJC-8-10&p=126783&viewfull=1#post126783
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Frank26 – In Our Opinion…and mind you there is no desire here to pose a date of any kind…understand that When a rate is finally given…what may be seen is a period of time when brokers will stop selling their currency for a period of time…what kind of time period…no one can really say…it could be dictated by different parameters they are given at that time… special instructions if you will…Maybe as short as a few minutes or an hour up to a day or more...this will be their time to make changes in their web sites and purchase plans to accommodate the new rate.  We believe this may be determined to some degree by the amount of currency that has been returned to Iraq at that time, and we know from news articles that money is finding its way back to their banks…the reforms are already at work and money that left under corrupt circumstances is being identified and returned…thinking about this…it is a logical situation that we may or may not notice happening depending on how quickly it is allowed to happen.
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Chattels – […is M [Maliki] in or out?]  he is out as far as Abadi is concerned, but I do not think that it is over yet…maybe going, going, but not gone yet is the best description of his current status.   Maliki is being referred to as a “former official”.  [there saying Abadi giving orders for Maliki to evacuate the palace he was living in.]  there is news that former officials are not welcome in the parliament as well.

BGG ~ Respectfully, he’s gone…

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News of the resignation, “Medhat al-Mahmoud,” Chairman of the SJC 8/10

http://www.dinarupdates.com/showthread.php?17331-News-of-the-resignation-%93Medhat-al-Mahmoud-%94-Chairman-of-the-SJC-8-10 … via @DinarUpdates
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Aggiedad77 – Maliki and a former “acting governor of the CBI” could be named in a money-laundering and corruption scheme…the Integrity Commission is investigating these allegations and will be most assuredly prosecuting any and all who are believed to have been involved in the process…Keep in mind that the “former acting governor” that was mentioned was the one that Maliki personally chose after he tried to can Dr. S [Shabibi] …yes eye brows were raised then because of his personal involvement in the appointment…..Maliki’s brand of corruption knows no boundary….high or low.
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Adam Montana – [What do you think prompted Abadi to take such quick action in the bigger scheme of things?]  It’s my HOPE that Abadi is getting back into “grind mode”, like he was in the beginning of his term. If you recall how much he accomplished right out the gate after his election, this recent uptick in activity may be an indicator that he’s making big moves again.  What he’s doing right now is a great start – get rid of some unnecessary people, simplify the government, and slam that HCL in place. Let’s get it done!
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Dinar Updates retweeted

Reuters Business ‏@ReutersBiz  14h14 hours ago

China yuan weakens for third day, gap between official rate and market narrows sharply

http://reut.rs/1DOuhJ8 

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Kaperoni – I fear that Allaq gets removed and we start over with a new CBI Gov and that means another setback and waiting game. Sure I would like to see him go, but everytime they replace the gov, it means status quo for at least a year.

BGG ~ I disagreed with him (respectfully) as we often do…

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Adam Montana – This week I’m in the same boat as last week… no HCL, no RV. We all know this can’t continue forever…  One thing to watch for this week is China. While this isn’t directly related to the Dinar, it’s a good example of how an independent bank or country can do whatever they want to their currency. China has a long history of manipulating the markets via their Bank, and it will be interesting to see how their recent actions play out.  Time will tell.
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Kaperoni – [they are suffering over there and need this so very badly.]  …maybe so..but you cannot arbitrarly create an exchange rate…dont work that way.
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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY	CODE	SELL	BUY
US dollar	USD	1166.000	1164.000
Euro	EUR	1300.673	1300.023
British pound	GBP	1817.444	1816.535
Canadian dollar	CAD	898.790	898.340
Swiss franc	CHF	1194.672	1194.075
Swedish krona	SEK	135.213	135.146
Norwegian krone	NOK	143.308	143.237
Danish krone	DKK	174.298	174.211
Japanese yen	JPY	9.313	9.308
Special Drawing Rights	SDR	1634.382	1633.565

http://www.cbi.iq/

Indicative rates – 08.13.2015 

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My Ladies – THESE GLOBAL PAPERS [NEW YORK TIMES, REUTERS, RUSSIA TODAY, SKY NEWS, QABAS,  BLOOMBERG, ETC.]  ARE TALKING ABOUT SISTANI GIVING IMMUNITY TO ABADI AND BACKING HIM PUBLICLY WITH ALL THESE REFORMS.  SISTANI TELLING ABADI THE TIME IS NOW TO GIVE THE PEOPLE WHAT THEY WANT AND ALONG THE WAY RID THE CORRUPTION OF THE GOVERNMENT.  IT GOES TO SHOW MORE AND MORE THAT IRAQ KNEW WHAT NEEDED TO BE DONE BUT WAS JUST SITTING AND WAITING FOR THE GO AHEAD.  SISTANI GAVE THE HEAD NOD AND THINGS ARE ON THE FAST TRACK AGAIN.
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Kaperoni – the key to Abadi reforms IMO is that laws will finally get passed…we should see many laws passed over the next few months…hopefully a basket.
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wmawhite – How great everything is for us.  We simply do not know what that one events is or events or that will have the CBI trigger the mechanism that will turn the IQD on to the world.  However, we see the numerous indicators that tells us that they clearly intend to do such.  [I believe that they want to go back to the pre-war rate.]  I agree…they (CBI/GOI) have told the world that is their intent.  Keep in mind, that Iraq is rejoining the world economic community…thay are not joining themselves. They need to meet others requirements. They can not make up their own requirements.  [I just don’t see how they can implement the Tariffs again without a rate though.]   True…the tariffs is one of those indicators that point to purchasing power…the need for it.  There are the tariffs, and taxes, international bonds sold on the retail market that require a free moving currency…all are indicators.  IMO, Iraq is preparing for something that will permit them to move the IQD onto the world economic stage. When this event is ready they need the tarifs ready, the taxes ready and the bonds ready to go.
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Iraqi Dinar/Dollar auction 13-08-15 (no change – Fri..)

Currency Auctions Announcement No. 3013

This daily currency auction was held in the Central Bank of Iraq on the 13-08-2015

The results were as follows:

DETAILS	NOTES
Number of banks	22
Number of remittance companies	8
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	229,884,930
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	229,884,930
Total offers for selling (US$)	—–

More: http://dinarupdates.com/blog/
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tman23 – We know for a fact Massoum summoned Maliki and Maliki refused to show……..we know Massoum requested several times that Abadi remove Maliki from his position…….. This has been going on for some time and many articles followed the warnings from the President to Maliki……….. To get 1 article saying Massoum requests Maliki keep his Vice position………..  And usually these articles that conflict are usually out of Sulaimanyia….ekurd !!
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My Ladies – THE FIRST PACKAGE OF REFORMS PASSED IN PARLIAMENT UNANIMOUSLY…AND THERE ARE MORE REFORMS COMING TOO. Article quote:  “Prime Minister Haider al-Abadi welcomed the approval of the House of Representatives on the first package of government and parliamentary reforms, “vowing to” continue on this road.”   SO THE REGULAR CABINET MEETING IS USUALLY ON TUESDAYS BUT THIS WEEK THE CABINET POSTPONED THEIR MEETING UNTIL THURSDAY TO SEE WHAT THE OUTCOME OF THE FIRST PACKAGE OF REFORMS WAS GOING TO BE.  NOW THEY CAN CONTINUE ON WITH THE REFORMS AND INTRODUCE THE NEXT PACKAGE.  SO IT WOULD SEEM IRAQ IS BACK ON THE FAST TRACK OF GETTING THINGS DONE.
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Poppy3 – MALIKI STILL UNDER CLOSE OBSERVATION BY INTERPOL SERVICE AND THEY WILL PICK HIM UP IMMEDIATELY WHEN ORDERED TO DO SO ANYWHERE IN THE WORLD HE TRAVELS. INTERNATIONAL CRIMINAL COURTS STILL BUILDING A MASSIVE CASE AGAINST HIM. PLUS MANY OF HIS CROWNIES.   EVEN THOUGH THEY HAVE TONS OF EVIDENCE THEY ARE STILL LEAVING NO STONE UNTURNED.  
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Iraqi leader wins backing for reforms but walks a dangerous line

BAGHDAD — Iraq’s parliament voted overwhelmingly Tuesday to back a package of measures aimed at stamping out corruption and government overspending, opening the way for the biggest overhaul of the country’s political system since the U.S.-led invasion in 2003…

…Ali al-Alaq, a senior politician with Abadi’s Dawa party, cited a “new reality” and spirit of cooperation from Iraq’s fractious political blocs.

Abadi drafted the reform package as soon as Iraq’s leading Shiite cleric, Grand Ayatollah Ali Sistani, gave his support to the demonstrations, Alaq said, ramping up pressure on the government to act.

“It wasn’t panic, but a realization of the urgent need to correct the political process,” the legislator said. “The prime minister had always demanded reform but faced opposition from political blocs, but now that the people and the clerics are behind him, it’s an opportunity to act.”Alaq acknowledged, however, that moving forward would not be easy.

“This is the nature of human beings. They don’t give up easily when their interests are harmed,” he said.

(Alak is also the current Gov of the CBI – very strange comments by him – to be sure…)…

http://www.dinarupdates.com/showthread.php?17271-Iraqi-leader-wins-backing-for-reforms-but-walks-a-dangerous-line-8-10&p=126676&viewfull=1#post126676
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Bluwolf – Much positive news coming out of Iraq, people have been displaced, separated and arrested…The final cleanup on aisle 5 is in full throttle. All borders for dinar export are most definitely closed. All broker or dealers have been informed to stop the movement of sales. All TRN are officially golden standard.   We are now anxious awaiting this final phone call.  It all squares down to this part of the ride. It is finally on the US best interest to give the signal on this impending GCR and 204 Country Revaluation. The hyperinflation speech is well past due and must be announced shortly without further ado…These are my views on our current situation here and abroad. Please have all your paperwork ready for we await a high government official signal and that is in that happening
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tman23 – [How on earth, can a non-tradeable currency be tracked on Forex and also be traded?]  What does the exchange rate show on the CBI site…That is the official rate…and it will fluctuate right along with the forex IF and WHEN the IQD is being traded on the forex.
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Delta – We are about to see the dinar go international – and we don’t want to see corruption in the currency. Whatever numbers come in will help the GOI, CBI, the banks, the budget, etc. I think Abadi knew about this a long time ago. He was waiting to get the full support.  So why is Maliki not in prison? Because we are waiting for the reform and then you’ll see that happen. I am so excited about what we are seeing right now.   I believe we are super, super close.  Confidence with investors will continue to increase.   The citizens cannot take it anymore and Abadi knows it. He really cares about his own people. It’s amazing. Everyone is waiting in line for one thing  and Abadi knows that too. The people want to make a good living, they want good jobs. How can Abadi do that without currency reform? He can’t. We are on the verge of something big coming up.
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Dinar Updates ‏@DinarUpdates 

 2m2 minutes ago

Abadi directed to prevent the defendants of stealing public money to travel [abroad]

The face of Prime Minister Haider al-Abadi preventing the defendants of stealing public money to travel abroad and bring them to justice…

http://www.dinarupdates.com/showthread.php?17265-Abadi-directed-to-prevent-the-defendants-of-stealing-public-money-to-travel-and&p=126666&viewfull=1#post126666 …

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Frank26 – During the last 4-5 days…the “displaced” funds…all funds that were embezzled…the funds are coming back to Iraq.  All that was stolen is pouring back into the banks into Iraq. It is the start of the RI …that is what we are focusing on. Abadi wants to work for the people…All of the “issues” that have plagued Iraq don’t matter anymore – it’s time for the people…time for the citizens.  So the IMF told them to get rid of Alak (the acting Governor of the CBI). There is a massive round-up of corruption…that is what is needed to raise the value of the currency.  Iraq has big assets and they must come out as an RI and then into an RV.  [post 2 of 2]
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BGG – [is it safe to assume that after this big shakeup in the goi that there will be a cool down period where not much gets done.]  not according to Zebari and everyone else – this thing is just now getting wound up!!   
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Frank26 – Last week we talked about the BONDS – phase 1 and phase 2.  Those BONDS were a “test-run”.  Finch released its credit rating for Iraq  which was a “B-” and Jabouri was not excited about this because he was expecting an “A” but because Iraq hasn’t completed Article 8 (which they had the Green-Light to do)… this was a warning shot to Iraq.  Until Dr. Shabibi lifts the currency of Iraq there is a BLOCKAGE at the CBI. So they held a meeting… In the meeting (last Saturday)…the IMF said to the CBI (basically Dr. Shabibi) “…you should have qualified for Article 8 by now…?”  With that said we’re going to start a massive round-up of corruption   (which has started…)   All corrupt officials have been dealt with. Maliki tried to flee Iraq but he was stopped. All of his cars, money… everything is now in possession of the GOI and the GOI’s laws.  SECURITY kills corruption!  [post 1 of 2….stay tuned]
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Follow us on twitter @DinarUpdates !!

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BGG – Article quote:  “Revealed reliable sources from within the Baghdad International Airport that Nuri al-Maliki tried to leave Iraq to Syria on a private jet in secret…”    MALIKI IS TRYING TO LEAVE IRAQ TO SYRIA IN SECRET.   Looks like Maliki is “refusing” to step down…he’s toast…things are very hot on the homefront for Maliki.   …him “refusing to step down” (IMO) will only speed his demise. why is all of this important?  Maliki being dealt with directly and completely opens the door wide for all kinds of reform – Monetary Reform being at the very top of the list.
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Kaperoni – …opening the banking system to the world is clearly what international organizations (IMF/WB) are helping Iraq with.  And surely, those decisions are discreet.  Sounds to me Abadi is going to allow the process to move forward.  Hopefully very soon!
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Aggiedad77 – Article:  “Abadi confirms that there are other packages of reforms at the same level”  Get ready citizens of Iraq…there are more reforms being worked at this moment…more reforms than just the sacking of certain government officials who may have been caught in the corruption roundup…reforms that will bring an end to terrorist threats… reforms that will ensure more jobs and improvements in living conditions…watch for these efforts at the same time the government is undergoing its huge reform as well.
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tman23 – I was told today……..and by 2 sources …….one in conversation and one by email where a form that was attached that I do not believe was intended to be………. And that being said……. The information coming forth is October 6th is the release of “integregated and coordinated implementation” ………..and I won’t go on BUT to include RV would be my speculation…….  I was told……and I repeat I was told……and I will say this teller of stories is no fable…….. that nothing moves until this is post 2015 is complete…… and I have a document that leads to October 6th as being the start of 2016…
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Aggiedad77 – Corruption is being given a swift kick in the butt and security is being locked in for all practical purposes…Maliki tried to test the border and airport security and was caught at the Baghdad Airport as he tried to leave…wait he admitted he was only meeting President Masum…guess his driver took a wrong turn as they left the Green Zone…Oh I could so easily go on and on about all the good that is coming from the actions that Abadi decreed over the weekend.  For anyone in the government who might be thought of as remotely tied to anything to do with corruption PM Abadi has brought the hammer down on their ability to travel…oh indeed their wings have been clipped…   [post 2 of 2]
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tlm724 – If Abadi’s gamble pays off, the 9th of August 2015 may in hindsight be remembered as a momentous day in Iraq’s history, to outweigh the eventful regime change of the 9th of April 2003…indeed we are watching a historical event unfold!    …in a bid to end the sectarian quota-system, marks a potential watershed in Iraq’s political history and its future.  I am loving this plan, a moment in time when everything changes!  …if the MP’s fight this reform it will be political suicide! They will essentially point the corruption finger at themselves!  …in other words if you have nothing to hide then you should support this plan fully!  …I pray parliament does the right thing here and I really do think they will!   Sure we have seen green lights and on some days we have had our hopes crushed BUT this is truly the turning point for Iraq and for us as investors in their country.  With a thriving economy comes a more valued dinar, it is the law of economics!  [post 2 of 2]
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 Dinar Updates retweeted

Bold move by Iraqi PM to tackle corruption could mean ‘new era’

http://news.ae/1PeVpCu