Thank You to all our members, MODS, VIP’s, Chat Copiers and News Researchers at
www.DinarUpdates.com
______________________________________________________________
Word for the day…
1 John 3:22 (NKJV)
22 And whatever we ask we receive from Him, because we keep His commandments and do those things that are pleasing in His sight.
Heavenly Father, Thank You for Your Amazing love! Thank You for answered prayer 🙂 In Jesus Name, Amen.
Mrs BGG
______________________________________________________________
It is not, what a lawyer tells me I may do; but what humanity, reason, and justice, tells me I ought to do. – Edmund Burke
______________________________________________________________
*** Current Posts ***
______________________________________________________________
BGG – Article quote: “Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud…” …once Medhat al-Mahmoud is gone – Maliki has ZERO fall back position. It’s really, really bad news for the Shia/thug/hardliners…these protests asking for Medhat’s removal are a big deal – I guess maybe the biggest deal of the day.
______________________________________________________________
Mnt Goat – This is my personal theory on what the CBI is ultimately is going to do – I believe they know they must float the value of the IQD and gradually let it rise. They will NOT ATTEMPT to push out a very high rate right (i.e. $3.91) initially due to the money laundering (the current CBI governor has not controlled) and the terrorists activities. The CBI does talk about starting the project to delete the zeros sometime in very early 2016. What will they ultimately do? Again my personal belief is strong that Abadi is going to clean up the CBI too and Dr Shabibi will be back as the governor of the CBI to continue his original plan as they are almost now back on track. [post 2 of 2]
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates retweeted
Iraq Live Update @IraqLiveUpdate 39 Daesh vehicles destroyed & scores of terrorists dead as their convoy came under Hashed artillery barrage #Shirqat
______________________________________________________________
Mnt Goat – The CBI knows it must make some kind of move in the near future to go international. The pressure is enormous to do something. So again we are seeing many articles published on debates going on about changing the dinar exchange rate. Last week…they were debating the pros and cons of FLOATING the dinar rate and the disparity of the Iraqi dinar to other neighboring countries. So what will they actually do? Iraq simply can not continue to do business and move forward without a realistic currency value. We know if they finally roll out to the international exchanges and then float the currency at a low beginning rate, it will not be long before we see some significant value increase. We will all then be subject to the international market rate at the banks at this point and so we can then go exchange our dinar anytime we wish and at any rate. [post 1 of 2….stay tuned]
______________________________________________________________
Aggiedad77 – …we see that Dr. S [Shabibi] is wanting his name cleared from the false accusations made against him by the previous administration…the Iraqi government continues to lean on and play ball with the US which I am sure does not bode well with the Iranians who were already riled up at being rebuffed last week by PM Abadi and the religious clerics…Seems that the COM is muddying the waters for any attempts by Maliki or the other VP’s to re-enter Parliament…and we have the three big boys…President Masum, PM Abadi, and Speaker Jubouri all meeting today to discuss reforms and whatever else they get the urge to bring up…oh and the Investment Law sounds like it might be ready to be teed up today…we shall see…And don’t forget about the Anti-Money Laundering Law…where and when will it surface in Parliament…the clock is ticking.
______________________________________________________________
Shredd – Article quote: “…which will be an important factor in creating excellent investment environment and meet the aspiration of all parties.” That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections. The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes. That’s a win/win!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Don’t Miss “NEWS TIME” in the Dinar Updates CHAT ROOM – Sunday evening at 7:30pm EST!!
www.DinarUpdates.com – save as favorite!!
______________________________________________________________
Bluedog – THE NATIONAL GUARD LAW…WELL I SEE MOST BLOCS AGREE WITH IT…I SEE THE VOTE HAS BEEN POSTPONED INTO FIRST WEEK OF SEPTEMBER THINK THE 8TH (DON’T QUOTE ME ON THAT)…THEN WE NEED THEM TO ENACT IT…LETS SEE IT IN EFFECT, THEN AND ONLY THEN, WILL I DO SOMERSAULTS…NOT UNTIL I SEE IT IN MOTION…JIMO.
______________________________________________________________
Millionday – Article quote: “Iraq is expanding in private banks the field, and the Movement of the Iraqi economy needs a banking sector that provides advanced services and has the ability to handle all the customers on the differences individuals and companies.” ALL BANKING REFORMS AND CHANGES IN SERVICE ETC IS BEING RELEASED TO CONSUMERS AND ALSO TRAINED TO A REPRESENTATIVE FROM EACH BANK SO THEY HAVE A RESOURCE AT THE BANK FOR ANSWERS TO COMMON QUESTIONS AND FURTHER TRAINING OF THE BANKING REFORM CHANGES…THE TRAINING WILL BE CRASH COURSES SO THEY CAN MOVE FORWARD QUICKLY — HUGE. THIS IS PART OF REFORM ACTIVATION…
______________________________________________________________
Poppy3 – heard again last night the hcl has been divided into 3 parts and they are to implement the part or 1/3rd of it that will allow abadi to get the rate released and fulfill a large portion of the rest of the 2015 budget. LETS KEEP OUR EYES ON THEIR MOVEMENT OVER THE NEXT COUPLE DAYS WHAT WATCH THEIR ACTIONS IN THIS DIRECTION.
______________________________________________________________
Meet the man trying to bring Iraq back from the brink
On August 16, an Iraqi parliamentary report named Iraq’s former prime minister, Nouri al-Maliki, among dozens of officials responsible for the collapse of security forces and the fall of Mosul to Islamic State militants last summer. In his eight years as premier, corruption thrived and Maliki repeatedly purged the Iraqi security forces of those he suspected of disloyalty.
Iraqis now hope that Maliki and other officials will stand trial and be held to account for why militants were able to capture the northern city with so little resistance. (Maliki dismissed the parliamentary investigation as “worthless,” and he blamed Mosul’s fall on a conspiracy by Turkish and Kurdish leaders.)…
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
tman23 – BAGHDAD – Coordinators of recent protests in provinces throughout Iraq are fearing for their lives, as four have already been assassinated. Al Jazeera claimed that the victims were assassinated in retaliation for their role in the demonstrations. Iraqi civil rights activis Odai Zaydi, claimed that political parties are responsible for the assassinations “as they are originally against the establishment of a democratic government in Iraq.”………. EXACTLY WHY……Laws are contested and delayed…. The whole idea of Iraq was a democracy in the Middle East……but the hardliners favor “regimes”……..And as Abadi said…. it may cost him his life BUT he is moving forward with reforms and democracy for the citizens of Iraq.
______________________________________________________________
DELTA – WITH THE CBI GIVING ANOTHER MONTH AT 1095 TO SELL BONDS, SEP IS OUT THE WINDOW, OUR NEXT TARGET WILL BE OCTOBER.
______________________________________________________________
Millionday – “…the Central Bank of Iraq will extend the sales in nominal bond futures delivery in the currency of the US dollar (bearer) on behalf of the Ministry of Finance to be one of 2015/9/1 and up to 2015/9/30.” SO THE BONDS ARE GOING TO SELL WITH THE DOLLAR BACKING ONLY UNTIL SEPTEMBER 30TH…THE BOND EXTENSION IMO WOULD BE TO REACH THE GOAL THEY HAD SET… [Does this mean they will not rv until they are done with the bond sales in the us dollar?] NO THE US DOLLAR WILL BE IN COUNTRY FOR OIL SALES INDEFINITELY…IT REALLY GIVES NO INDICATION OF ANYTHING BUT JUST A TIMELINE OF THE SALE OF THE BONDS AT THIS POINT — NO ADDITIONAL INFO HAS BEEN RELEASED CONCERNING THEM.
______________________________________________________________
Join Dinar Updates for a Round Table Chat @ 1:00PM EST – today in the Chat Room!!
Read More: http://www.dinarupdates.com/
______________________________________________________________
Delta – THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEPT!!! SO MY Q TO YOU…IS….. WHY DID THE CBI DO THAT ? [Could it be because the bonds are not selling.] BINGO WE HAVE A WINNER!!! MY 2ND Q WILL BE WHY NO ONE IS BUYING IT?
______________________________________________________________
Frank26 – […do you think the article is true that DrS [Dr. Shabibi] will be there back in Iraq in time for the banking forum Sept. 15?] Yes…DRS is talking as his voice soon will become the only voice of his MR [Monetary Reform] of the IQD. Coming back…Nice. Now. What do You think will be the first thing he does?
______________________________________________________________
SteveI – I am in this to the end, which should not be too long from now.
______________________________________________________________
Baghdad rise up tomorrow in front of the Supreme Judicial Council to dismiss Medhat al-Mahmoud
Escalatory step in to the protesters in Baghdad, he decided to go out in a demonstration tomorrow in front of the Supreme Judicial Council to demand the resignation of President of the Council Medhat al-Mahmoud…
http://www.dinarupdates.com/showthread.php?18986-Baghdad-rise-up-tomorrow-in-front-of-the-Supreme-Judicial-Council-to-dismiss-Mahmoud&p=129099&viewfull=1#post129099
______________________________________________________________
Millionday – THE BANKING FORUM IS IN TWO WEEKS AND IS A PRESENTATION OF IRAQ`S ECONOMIC REALITY AND THE BANKING DEVELOPMENTS — OBVIOUSLY INTERNATIONAL AS IT IS A GLOBAL FORUM. THE OPERATION OF INTERNATIONAL BANKING WILL BE REVEALED. SO THIS IS TO BE RELEASED INFORMATION OF THE NEW BANKING REFORM OBVIOUSLY DUE TO THE CONTENT AND FOR IT TO BE IN JUST TWO WEEKS — THIS IS EXCITING. THE INTERNATIONAL BANKING SHOULD LOGICALLY COME AFTER INTERNATIONAL ACCEPTANCE. THE DINAR SHOULD BE INTERNATIONALLY ACCEPTED BEFORE GLOBAL BANKING BUT WE WILL HAVE TO WAIT ON INK.
______________________________________________________________
Mnt Goat – I will say that we are heading for a great window of opportunity for an RV come mid September and onward. Abadi’s government had until mid September to implement the needed laws to support the necessary reforms, as these reforms are part of his promises made during the negotiations to allow him to take control of the government and to be seated as the new prime minister. Also, resulting from a second Paris Conference in mid June, they also gave him 90 more days to complete the reforms (on corruption) and get in place other laws to support the economy (i.e Investment law and Banking laws, anti-Laundering laws, etc). I believe that if he can be successful we may also see the currency reform finally implemented. Again I am telling you the RV is a by-product of this reform process and not the means in itself. They desperately need these reforms prior to any RV.
______________________________________________________________
Bluedog – NATIONAL GUARD LAW…I SAID LAST JANUARY 2014 THAT THIS WOULD BE THE KEY…CAUSE NO INVESTORS TILL PROTECTED. IRAQ NEEDS TO SHOW INVESTOR THEY CONTROL ALL OF IRAQ AND NEED TO DO THAT FAST…SO NEED THAT LAW FAST. THEN CBI CAN MOVE FORWARD. FORGET ALL OTHER LAWS THEY WILL FOLLOW THIS…EVERYONE SAID OR THOUGHT WHAT DOES THAT LAW HAVE TO DO WITH ANYTHING…WELL YOU WILL FIND OUT YOU CANNOT SUPPORT THIS LAW WITHOUT A CHANGE IN CURRENCY REFORM…I LOOK AT HCL AS BOGAS PROPAGANDA… NATIONAL GUARD LAW IS WHAT WE HAVE WAITED FOR SO HCL COULD FOLLOW…AND CURRENCY REFORM ALSO…JIMO.
______________________________________________________________
Parliamentary Integrity: Mankron to auction the central bank flee to foreign countries, a regional currency
BAGHDAD / JD / .. revealed the Integrity Commission for a group of monopolists to auction the central bank to sell foreign currency smuggled to the regional countries, while suggesting that the ministries uncooperative.
A member of the Integrity Committee MP Adel Nouri told / JD /: that there are billions of dollars being manipulated where by a group of agents monopolists to auction the central bank to sell foreign currency are smuggled in favor of the regional countries…
http://www.dinarupdates.com/showthread.php?18984-Integrity-Mankron-to-auction-the-central-bank-flee-to-foreign-countries-currency&p=129097&viewfull=1#post129097
______________________________________________________________
Frank26 – September will be not just historical for Iraq but for the World. Many countries are about to step into a time warp. Fast changes.
______________________________________________________________
tman23 – Remember…June was the end of the road! The Kurds gave Abadi back in October 2014 three months to get the Fed Court Act passed… Abadi asked for June because of all the difficulties… Now before anything moves IMO we need to see the Fed Court Act passed and Medhat booted… otherwise…Laws mean absolutely nothing when you have a corrupt Judge and court who does not enforce them.
______________________________________________________________
Millionday – Article quote: “The head of the House of Representatives Dr. Salim al-Jubouri, today canceled his visit to New York, which was scheduled to be conducted early next month in September to attend the heads of the World Conference of Parliaments.” THE HEAD OF PARLIAMENT CANCELLING A MEETING IN NEW YORK TO MOVE FORWARD WITH LAWS SHOWS A DEADLINE IN THE MIDST. …IT IS FOR THE REFORMS AND LAWS TO BE ACTIVATED IN A HURRY — GREAT NEWS. [post 2 of 2]
______________________________________________________________
Citizen Nuri al-Maliki leaves Green Zone
…and in the third Packages: returned property seized by the politicians, and re-evaluate the sale of land lease, and open the Green Zone to the citizens, it is our right to believe the message which says: ‘citizen Nuri al-Maliki left Baghdad, Medhat al-Mahmoud, accompanied by a number of parliamentarians and for the rule of law, and evacuate their homes inside the Green Zone ‘; as a natural result of the third reform package, and a conclusion to say with all the forces it reforms itself though…
http://www.dinarupdates.com/showthread.php?18930-Citizen-Nuri-al-Maliki-leaves-green-zone-8-30&p=129012&viewfull=1#post129012
______________________________________________________________
Millionday – THE ECONOMIC REFORM LAWS SENT TO PARLIAMENT…THE LAWS INCLUDE THE MONEY LAUNDERING BUT MOST EXCITING IS THE FEDERAL SERVICE LAW — HUGE — AND OF COURSE ALL THE LAWS FOR THE ECONOMIC REFORM CHANGES. THE LAWS ARE THE FRAMEWORK OF THE ECONOMIC REFORM — ONCE PASSED THEY BECOME LAW ANDJUST IN TIME WITH ABADI`S PROMISE OF REFORMS DONE WITHIN ONE MONTH TOO. [post 1 of 2….stay tuned]
______________________________________________________________
SteveI – Article quote: “The President of the House of Representatives Saleem al-Jubouri, Saturday, to cancel his visit to New York was scheduled to be carried out by the beginning of next September, while attributed the reason to follow up the implementation of government and parliamentary reforms.” They are on the right track. We are hearing the very same thing. They are pushing very hard to wrap this up.
______________________________________________________________
Millionday – “…Oil and Energy Committee in the Iraqi Council of Representatives MP Mazen Mezni, Prime Minister Haider al-Abadi send a draft oil and gas law to the parliament for legislation and approval…” THE HCL IS READY FOR VOTE AND SENT TO PARLIAMENT. THE LAW WAS REQUESTED BECAUSE OF THE BENEFIT OF COURSE FROM THE REVENUES AND INTERNATIONAL INVESTMENT BUT ALSO DUE TO THE PROMISE FROM ABADI TO HAVE THE REFORMS IMPLEMENTED WITHIN A MONTH <<< WHOOPOW. SO THEY HAVE BEEN GIVEN THE POWER TO PUT IN PLACE A TEMPORARY OIL LAW IF NEED BE AS WELL — FANTASTIC NEWS AND GREAT TIMELINE. […when will they vote on it?] IT WAS TO BE STARTED TODAY [SATURDAY].
______________________________________________________________
______________________________________________________________
BGG – “…declared a member of the parliamentary finance committee Faleh applicable, for delivery to the committee the public prosecution and the judge corrupted files related to money laundering and money laundering converting currency abroad...” Very encouraging they are moving ahead in running down the “bad actors” as it relates to their currency…
______________________________________________________________
Millionday – [How close do you believe Iraq is to WTO?] I THINK THEY ARE VERY CLOSE IMO — I PERSONALLY AM THINKING THAT THEY WILL BE MOVING STATUS WITH REFORMS TO ENSURE PRODUCT CONFIDENCE AND TRADE AGREEMENTS ETC…
______________________________________________________________
tman23 – I would agree with devalue IF Iraq was an exporter of goods…BUT they import 95% of their products…and devaluing the currency is economic retardation…too many Ivy League schools have released studies on the subject… Devaluing has no benefit to Iraq…especially since they are trying to sell domestic bonds in IQD.
______________________________________________________________
Iraqi bank: recover tens of billions were smuggled to the public market
Twilight News / Rafidain Bank announced on Saturday by the recovery of tens of billions were leaked to the public market and are operated by some quarters (which unnamed) and crooked ways.
The general director of the bank on behalf of Kamal al-Hassani said in a statement responded to Twilight News, that many of the financial manipulations and abuses have been exposed before we receive the post office, adding that he has control over money between attempts embezzlement through instruments or through the operation of such amounts in violation of legal contexts…
http://www.dinarupdates.com/showthread.php?18882-Iraqi-bank-recover-tens-of-billions-were-smuggled-to-the-public-market-Saturday-29-8&p=128945&viewfull=1#post128945
______________________________________________________________
tman23 – FIRST and FOREMOST…Need the Fed Court Law…We should be seeing soon. Medhat al-Mahmoud the courts Cheif Justice…AND… Ismail Moshen (aka Ali Alak) the CBI Governor being replaced…The Party Law that just passed will put into super sonic gear the rest of the reforms.
______________________________________________________________
BGG – [HAS ABADI PASSED SECOND SET OF REFORMS?] I don’t think so – just the initial batch have been given the OK by Parliament… I thought the ML law was read once and some speculation is the Investment Law will kick off Monday or shortly there after (reportedly). I think they will go pretty quick…the WB/IMF only gave them until Oct 1? Right? I doubt they let it boil down to the last minute. [do they still have to be published in the gazette to be law in its final state?] of course – but with the obstructionists gone – the gazette will again be a formality – not a hurdle. Abadi is clearly reacting.
______________________________________________________________
Frank26 – The 2015 Budget contains the HCL and there is a Rider to activate it when SECURITY is SECURED. Today A [Abadi] is again with THE CITIZENS in the streets. AND!!! Those that formulated the Rider are NOW asking for a…DATE…To use it. DRS [Dr. Shabibi] has the GREEN LIGHT and we believe he is coming to proclaim this because the GREEN ZONE is the highest example of SECURITY.
______________________________________________________________
Protesters are demanding the resignation of Najaf head of the Supreme Judicial Council Midhat Mahmoud
Most of the demonstrations in Iraqi cities to protest the corrupt files A member of the provincial council in Najaf, Ammar Aerbawi, on Saturday, that the local government is trying to respond to the demands of the demonstrators…
http://www.dinarupdates.com/showthread.php?18866-Protesters-are-demanding-resignation-of-Najaf-head-of-Supreme-Judicial-Council-8-29&p=128923&viewfull=1#post128923
______________________________________________________________
firefly – “…the Council of Ministers revealed in its first report on the recovery of inspectors offices nearly 18 trillion dinars and more than six billion dollars by the ministries for a number of years.” The Iraqi government has reportedly appointed three major international banks to advise on its first international bond issue in almost a decade…Int’l Banks hired for $6 bn Bond Sale. Like I told you guys, the meeting at the Shereton 3 weeks ago went extremely well. What I didn’t tell you guys was that these 3 banks were there. But now that’s it’s in ink. There were MANY people and companys and certain agencys that attended.
______________________________________________________________
BGG – “…the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him...” Reforms launched by al-Abadi today a clear signal of the seriousness of reforms…the reforms are real and MOVING.
______________________________________________________________
Aggiedad77 – Article: “Parliamentary consensus to pass the investment law in the next session Monday“ More insight that shows the Investment Law may indeed be voted upon next Monday in Parliament…if so…a real breakthrough as they say for Iraq as they move away from gross amounts of red tape and corruption with how this new law is written.
______________________________________________________________
Breaking News Parliament session starts to vote on National Guard Forces Law
Baghdad (Forat) –Parliament started its session on Saturday to vote on National Guard Forces Law and to investigate Minister of Electricity. /End/
http://www.dinarupdates.com/showthread.php?18883-Breaking-News-Parliament-session-starts-to-vote-on-National-Guard-Forces-Law-8-29&p=128946&viewfull=1#post128946
______________________________________________________________
tman23 – FIRST and FOREMOST…Need the Fed Court Law…We should be seeing soon. Medhat al-Mahmoud the courts Cheif Justice…AND… Ismail Moshen (aka Ali Alak) the CBI Governor being replaced…The Party Law that just passed will put into super sonic gear the rest of the reforms.
______________________________________________________________
Kaperoni – Article: “Political blocs complete discussion of the law of parties and decide to vote on it today’s meeting” its done. passed today [Thursday]. It’s basically the political bloc conduct law. It further removes the Baath party from politics. etc.
______________________________________________________________
Aggiedad77 – Article: “Oil drop may be forced Iraq to reduce its currency” The global issues associated with the falling oil prices are believed to be impacting Iraq as well…so says one expert from Bloomberg today…the oil issues coupled with the continued fighting to free Iraq from the clutches of ISIS/DAASH terrorists are draining the country to the point that its reserves have fallen 20% in recent months to stand at $59 billion dollars…war is never a cheap venture…and it is proving to be an expensive issue for Iraq today…keep in mind too that this is but one opinion of what could transpire for Iraq into the near future…no doubt their dependency on oil for revenues is critical and affecting their financial world in a big way.
______________________________________________________________
Jaafari: Restore the money looted by the parties provide a two-year budget ..!
Deputy Chairman of the Parliamentary Integrity student Jaafari, on Thursday, that all the heads of political blocs in the previous session and stood against legislation Integrity Commission Act and the disclosure of financial receivables, among that the Commission is determined to recover funds Real Estate “looted parties” illegally being equivalent to two-year budget…
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
Mnt Goat – They are also telling us that money laundering and corruption in regards to the currency float is the major obstacle. They have passed the Parties Law this week and they are pushing aggressively towards the Judicial Reforms next week, the National Guard Law (maybe tomorrow). We know by passing the Parties law anyone alleged of criminal activity (or under investigation) can no longer hold office or receive immunity. This is HUGE for insuring the downturn of Maliki. So why is money laundering so important all of a sudden? Do they want billions of dinar going into the wrong hands when the value increases? Is the RV then dependent on this part of currency reform? NO REFORMS NO RV… [post 2 of 2]
______________________________________________________________
BGG – it is looking more and more like, (sometime after this first wave of reforms) they will get a legitimate HCL Law in the works…I don’t think it has been read – negotiated – gotten past the CoM or anything – but it is coming…and that is FANTASTIC NEWS.
______________________________________________________________
Poppy3 – ANYONE TELLING YOU THERE WILL BE A GLOBAL CURRENCY RESET IS FULL OF BULL. …CHRISTINE LAGARD ANNOUNCED TWICE IN NATIONAL SPEECHES THAT THERE IS NO SUCH THING. …THERE WILL NOT BE ANY GLOBAL RESET PERIOD. …I WAS TOLD YESTERDAY TO JUST PAY CLOSE ATTENTION TO THE NEXT 4 DAYS FOR WHAT CHANGES ARE MADE AND THAT THE CBI SAYS THEY ARE NOW READY AS SOON AS THE PARLIAMENT FINISH THEIR DUTIES…WHAT DUTIES THAT IS, TO US IS NOT KNOWN AT THIS TIME. I DID HEAR THAT THE HCL WAS BROKEN INTO THREE PARTS SO THEY COULD APPROVE ONE PART THAT THEY AGREE 100% ON AND IT WOULD ALLOW ABADI TO GET THE RATE CHANGE HE NEEDS AND WANTS NOW MORE THAN EVER.
______________________________________________________________
Reforms launched by al-Abadi today a clear signal of the seriousness of reforms
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – said MP from the Civic Democratic Alliance Sunrise Alabegi that the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him, and gave a positive signal to the protesters in seriousness in reform and to move the process of anti-corruption and the corrupt who have looted the bounties of Iraq…
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
Mnt Goat – We are now seeing these reform laws we have waited for so long…for the first time, I see the progress I have been told SHOULD and MUST happen to get us to the completion of the currency reforms we all wait for and desire. We know this will get us all to the bank. How long will it take to get to the end of these reforms? Who knows for sure but we do know this week they have told us they would like to put the dinar on a currency float and at least are considering it seriously with all the pros and cons of the subject matter. [post 1 of 2….stay tuned]
______________________________________________________________
Aggiedad77 – Article: “Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency” Reforms…reforms…they are every where…the CBI is launching reforms in the format of localized bonds…they see this as a means to strengthen the local currency…the dinar…they have yet announced how these bonds will be sold, only saying they will be available on a local and national level…they also mentioned the sale of foreign currency as a “means to sustain the exchange rate”.
______________________________________________________________
Kaperoni – ..looks like some laws are getting passed. Today they passed the law of parties…Sat will be the National Guard…hopefully monday is investment law.
______________________________________________________________
Urgent!! Parliament postpones vote on the National Guard and law to raise its next Saturday
[Baghdad-where] raise the House of Representatives to its regular Saturday.
Postponed the House of Representatives in its meeting today to vote on the draft law in the National Guard completed the debate for the second reading of the draft freedom of expression and assembly and peaceful protest law.
It is said that a majority of the Council voted on the draft law of parties.
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
Frank26 – [WOW!! Slap me silly!! MR is screaming at us, can you see it…?] Indeed. As we said the RI can start in the country and this would encourage the CITIZENS to buy their DOMESTIC BONDS. THEN…An RV would stimulate us to buy the INTERNATIONAL BONDS.
______________________________________________________________
Aggiedad77 – It’s an interesting day of news that shows the MR in full swing I think…they are definitely moving at a far greater pace than a snail at this point in time…it gets more and more interesting as time goes by…
______________________________________________________________
Millionday – SO THERE IT IS — 1. revitalization of the investment side, 2. practical plan for the recovery of the private sector, 3. absorb a lot of aspects of unemployment, 4. correlation application program to import systematic, 5. Add to that the real application of the tariff of customs at all border crossing points, real competition in the market component of Iraq. WHOOOPPOW…REFORM AT ITS FINEST. [WHEN DO THEY INTEND TO REINSTATE THE TARIFFS?] I HAVE READ THIS MONTH MEANING SEPT — FOR THE TAXATION — THEY ARE CHECKING AT BORDER PRODUCTS NOW. THE LEGAL — INSTITUTIONAL AND ECONOMIC REFORM HAVE TO BE DONE ALL AT THE SAME TIME SO THEY AGREE WITH EACH OTHER — COMPLIANCE. ALL OF THE REFORMS COMPLIMENT EACH OTHER — THEY ARE RELIANT FOR THE SUCCESS AND LEGALITIES… IT APPEARS THEY ARE REFORMING BY THE NEWS…
______________________________________________________________
House of Representatives voted unanimously on a law on political parties
Long-Presse / Baghdad – The voice of the Iraqi Council of Representatives on Thursday unanimously passed a bill on political parties after 13 years on regime change in Iraq.
A parliamentary source said in an interview to the (long-Presse), “The House of Representatives voted during its 16th legislative term of the first second legislative year, which was held today, on the draft political parties law.”
The source, who asked not to be named, said: “vote is unanimous.”…
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
American Contractor – Washingston Post Article 8/18/15 Quote: “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes – a 50,000 dinar note before the end of this year and 100,000 banknote next year – and canceling small ones.” Small Iraq Bank notes will be canceled soon says Central Bank…the 250, 500, and 1,000 bank notes will be removed…there are not that many in circulation.
______________________________________________________________
Bluedog – NEWS COMING OUT IS FANTASTIC…REFORM IS MOVING IN LIGHTNING SPEED.
______________________________________________________________
BGG – [Does anyone know what has been said…over the bloomberg report stating that Iraq will have to devalue their currency? How can a currency that is not traded world wide and is already at a false low be devalued?] Bloomberg did not say the Iraqi currency would be devalued…it was interesting Bloomberg was even talking about it – but their tone, tenor and confused looks ought to be enough to convince you that most of what “the experts” say is speculative double talk…and if Iraq gets Maliki tossed out it will likely “depeg” (float) and go UP IMMEDIATELY (if what they were saying is right).
______________________________________________________________
“Straight Talk Radio” Call!!
“for Dinar News – that MATTERS!!”
from Thurs – 8/27
Click banner on mid-right of page!!
Smart phone user link – Click here
______________________________________________________________
tlm724 – Article quote: “The parliament ended the first reading of the law against money laundering and the financing of terrorism,” which is awesome and today we have this: “Also it hosted the meeting after that gentlemen’s central bank governor and directors of money laundering offices in the Central Bank and the Financial Inspection Office and the intelligence service to discuss the money-laundering operations” yesterday the first read today the to follow up for the anti-money laundering law, real quick like a bunny! I love how this is shaping up…throw in the Islamic Banking Act discussed in order to submit it to a vote and the investment law too! I am very pleased with how things are progressing.
______________________________________________________________
Adam Montana – […why and what, in your opinion is holding up an RV other than HCL.] HCL, and only HCL. [Decent chance for happiness in September or October?] As decent as we can expect right now! I’m not sour on the Dinar at all – I’m just waiting for the HCL, and I can’t pretend to know when that will go through. It could be tomorrow, or next year. I’m watching this thing like a hawk, because the minute the HCL goes through I believe we are in for a FUN ride! [post 2 of 2]
______________________________________________________________
Kaperoni – Article quote: “Iraq in the coming years it is expected to be of the twentieth highest growth countries.” Yup, once the wheels are in motion, it will be amazing. Just getting them moving though is a difficult process.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates retweeted
Approved.. Controversial ‘Political Parties’ law finally gets the OK from Parliament #Iraq
______________________________________________________________
Millionday – Article quote: “Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency.” THEY ARE MOVING FORWARD WITH THE DINAR BACKED BONDS — HUGE HUGE NEWS — OBVIOUSLY RELIANT ON AN INTERNATIONAL RECOGNIZED CURRENCY OR THEY ARE NOT WORKING TOWARDS THE SUPPORT THIS WOULD LEND TO THE VALUE OF THE LOCAL CURRENCY — DINAR.
______________________________________________________________
Adam Montana – No HCL yet, so no RV…things are still on track to move forward… the question is “when”. Here’s an encouraging quote: “The Oil Minister Adel Abdul-Mahdi, said earlier that the approval of oil and gas law, will contribute to the achievement of social justice through the provision of investment opportunities great, and Sacefr differences associated with the adoption of the general budget, adding that the law would give wide latitude for the oil sector, to grow and implement projects planned.” [post 1 of 2….stay tuned]
______________________________________________________________
firefly – Contrary to popular belief …They will NEVER hold a press conference to announce the RI/RV! They will announce events that should indicate that something is up. So far the 3 laws I’m looking for have NOT been IMPLEMENTED…yet. The most important of the 3 IMO is the anti-money laundering law. Tariff Law IMO will be AFTER the fact. Border Tariffs! Investment Law is crucial as well. Those 3 effect the Global economy. Yes many laws are still needing implementation for the nation of Iraq but not for the monetary reform. HCL is very much needed for IRAQ! Could it be put off? Of course it can…for much longer? IMO…heck no! IMO it will be a “Domino Effect”. Yes, we are definitely in the moment of a historic event. STOP looking for dates and windows…Timing my friends…TIMING!
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Embattled Iraq chief judge speaks at length; hinges his own resignation on parliament’s passage of supreme court bill
http://www.alliraqnews.com/modules/news/article.php?storyid=13762 …
______________________________________________________________
Millionday – [Are they going to redraft the HCl again and again? I thought it’s done?] THEY ARE GOING TO DIVIDE UP PORTIONS SO THAT THE NATIONAL OIL COMPANY POLICIES DO NOT HOLD UP THE REFORM PROCESS ACCORDING TO WHAT I HAVE READ. KNOW THE HCL IS BEING PUSHED IN A HURRY AND CBI HAS STATED THAT THE TIMING IS RIPE — THIS IS A VERY EXCITING TIME.
______________________________________________________________
Aggiedad77 – PM Abadi stood up to an Iranian General today whose sole purpose was to make a deal for Maliki to keep him out of court and prison…Abadi would not budge on the issue… IMO…step one of Maliki’s demise…Abadi proved he will not knuckle under extreme stress…but Abadi won this round…is it over…no…but Abadi knows what needs to be done. He has the backing of the Iraqi religious authority, he has the backing of the people, he has the support of COM, and he has the support of President of the Republic Masum…the ball is in his court I believe…I can’t say why he won’t arrest Maliki…but I believe his time grows short…watch what happens over the next few days… In closing and summing this all up…PM Abadi spoke today with a strength that I don’t think had previously been exhibited…he’s taking actions through his reforms…and …there are more reforms coming…pay attention to what he does…he is a very smart man and will not be outplayed…IMO.
______________________________________________________________
BGG – Article quote: “Ft MP for the coalition of state law Hassan Sinead, his resignation from the membership of the House of Representatives. It is likely that the resignation of Sinead be a prelude to re-seat parliament to al-Maliki after limbering included government office in addition to the pursuit of obtaining the legal immunity…” just because they say they are giving Maliki a seat – or someone is giving up their seat (more like Maliki bought it) means he will retain immunity – or they won’t arrest him anyway… especially with the crimes he is CLEARLY accused of. There is plenty of precedent for him to have his “immunity” lifted and be arrested immediately – this is a weak tactic… but it tells you a lot about the struggle going on right now.
______________________________________________________________
Frank26 – …what is Maliki up to…IOO…he’s made a deal…[you mean in Iran?] well yes but that was intended…IMO Maliki has made a deal in Iraq to stay out of the courts, to stay out of prison...Maliki needs to be tried before the citizens of Iraq…he needs to be held accountable for any and all atrocities that he is complicit to…
______________________________________________________________
Soleimani stormed out after a heated meeting of National Alliance [and al-Abadi]
Baghdad-Iraq-Presse: “Middle East” newspaper quoted London on Tuesday for a high-level source that the meeting stormy been two days between Iraqi Prime Minister Haider al-Abadi and the commander of Iran’s Qods Force Gen. Qassem Soleimani before, the last part in a meeting of the Political Commission of the alliance National, headed by Ibrahim al-Jaafari, Foreign Minister, and the participation of each of the Vice President of the Republic article Nuri al-Maliki and the leader of the Supreme Council Ammar al-Hakim, leader of the Badr Organization, Hadi al-Amiri, a representative of the cleric Moqtada al-Sadr…
Read More: http://www.dinarupdates.com/blog/
BGG ~ Doesn’t sound like Maliki is gonna’ get off “scot-free”…
______________________________________________________________
Kaperoni – Article quote: “The policy now is to meet the demand for dollars,” Waleed Eedi, a director general at the Central Bank of Iraq, said by telephone on Monday. The reserves won’t be depleted because of oil sales and the dinar won’t devalue, he said.” It’s a doom and gloom article from Bloomberg and we already have seen the articles asking to devalue the dinar a few weeks back. The CBI was clear that was not an option and reiterated that in this article.
______________________________________________________________
Frank26 – The HCL is in the budget…as has been stated in the past…therefore no need to have it read in Parliament… IOO…it is a part of the “long line”…also IOO…the laws that are being worked in Parliament, at least the major laws will be…IOO…the trigger for the “long line”.
______________________________________________________________
Millionday – Article quote: “…the fight against administrative corruption and financial, is the cornerstone of achieving the government program goals in the reform, which received strong support from all popular forces loyal to Iraq, and achieve victory over the forces of darkness and terrorism that have caused destruction to the Iraqi people and the Iraqi economy…” THE HOLD-OFF OF REFORMS DUE TO TERRORISM DOES NOT MAKE SENSE AT THIS TIME — THE REFORMS ARE EXPECTED TO HELP IN THE ISSUES THEY SUFFER… [So Abadi is not going to hold off on the reforms? I think there was an article earlier that said that he was going to.] NOT ACCORDING TO REPORTS THAT I HAVE CONFIDENCE IN — REFORMS ARE IN THE PROCESS ALREADY BY WHAT I READ.
______________________________________________________________
Iraqi Dinar/Dollar auction 26-08-15
Currency Auctions Announcement No. 3022 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 26-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 28 |
| Number of remittance companies | 10 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 218,346,331 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 218,346,331 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
______________________________________________________________
Millionday – Article quote: “…Governor of the Central Bank of Iraq on the Keywords, Monday, that the current conditions are in place so that there is a reconsideration of the Iraqi financial system.” CBI GOVERNOR SAYS THAT THE RIGHT TIME IS NOW. CBI IS HAPPY WITH THE TIMING AND OBVIOUSLY THE GOVERNMENT IS AS WELL. I DONT EXPECT TO HAVE ACCURATE TIMELINES/SCHEDULE FOR THE PROCESS RELEASED… BUT WAS VERY EXCITED OVER THE PROCESSES BEING DISCUSSED ETC. …ACCORDING TO REPORTS I AM SEEING…THE TIMING IS PERFECT OR AT LEAST RIGHT AND BEING ACTIVATED /APPLIED.
______________________________________________________________
Backdoc – AS OIL DROPS THE PRICE OF ALL GOODS AND SERVICES NEEDS TO DROP AS WELL. THE PROBLEM IS WAGES ARE NOT SET UP TO ADJUST ALONG WITH BUSINESS COSTS. THIS CAN OR WILL LIKELY CAUSE A CURRENCY IMPLOSION! WHY AM I SHARING ALL THIS? BECAUSE SOMEWHERE IN THIS PROCESS THE DINAR AND OTHER EMERGING MARKET CURRENCIES WILL BE THERE TO BAIL OUT THE WORLDS FINANCIAL SYSTEM! I THINK WE ARE APPROACHING A NARROW WINDOW NOW IN THIS PROCESS. IT IS COMING TO A CONCLUSION! LOOK FOR THINGS TO GET MUCH WORSE AND VERY QUICKLY WORLDWIDE!
______________________________________________________________
My Ladies – THE HOLD UP OF IRAQ BEING REACTIONARY HAS ALL TO DO WITH THE BANKING SYSTEM AS A WHOLE… IRAQ IS A KEY STATE IN THE INITIATIVE. EMERGING MARKETS WERE NOT READY UNTIL NOW AND THAT INCLUDES IRAQ. WHEN THE ROUTE GET TO IRAQ AND IT IS TIME FOR IRAQ TO TRADE, THEY WILL TRADE AND WITH OUT SPEAKING TO VALUE THEY WILL TRADE WHETHER REFORMS ARE IN PLACE OR NOT. IRAQ KNOWS THIS TO BE TRUE WHICH IS WHY NOW THERE IS URGENCY FROM THE COUNTRY… THE REAL INTEL IN THIS SCENARIO IS WITH THE BANKING SYSTEM. IT IS ALL JUST MATH AND THERE IS NO ROOM FOR RUMOR OR ERROR IN MATH. [post 2 of 2]
______________________________________________________________
“Straight Talk Radio” Call!!
“for Dinar News – that MATTERS!!”
from Tues – 8/25
Click banner on mid-right of page!!
Smart phone user link – Click here
______________________________________________________________
My Ladies – “WHAT IS THE HOLD UP” IS SIMPLY “WHAT HOLD UP?” …THERE IS IN FACT NO HOLD UP…3- 4 YEARS AGO MAYBE LONGER…I KNEW IN THE LARGE SCHEME OF THINGS THE NEW BANKING SYSTEM WAS NOT READY YET. THERE BY IRAQ, CHINA, INDONESIA, MOST OF SOUTH AMERICA AND ALL EMERGING HAD NO WHERE TO GO. IT WAS NOT THE TIME FOR THE REFORMS; IT WAS NOT THE TIME FOR ADDITIONAL LAWS AND THESE THINGS IN AND OF THEM IS NOT HOLDING ANYTHING UP. [post 1 of 2….stay tuned]
______________________________________________________________
wmawhite – [I just got an article…talking about dinar against other currencies and oil price: “Iraqi dinar compete Arab currencies in the exchange rate“] currently the IQD is not competing against anything… therefore, if this person is correct and the IQD is going to compete within the world currency markets, then its status must change first. Meaning, currencies compete based upon exchange rates… therefore, it must have an exchange rate with which other currencies will exchange with. [so does that mean maybe an rv soon?] There is NO maybes with the IQD…there is only WHEN the IQD starts moving within the world currencies markets. Personally, they (the CBI, GOI and ISX) have issued so many indicators that point to a change in the status of the IQD.
______________________________________________________________
Delta – [is Maliki really in Iraq with Abadi… Why is he there With Abadi?] YES ..IT WILL TAKE THEM SOMETIME TO GET HIM OUT, HE GOT THE BACK UP FROM IRAN, HE WAS GOOD TO THEM THAT’S WHY!
______________________________________________________________
Urgent-Abadi to appoint new secretary general for CoM
Baghdad (AIN) –The Prime Minister Haider al-Abadi will soon appoint a new secretary general for the Council of Ministers, informed source said.
The source told AIN “PM Abadi will task a new secretary general for the CoM in order to form a committee that would be tasked with making evaluations for the performance of the ministers.”…
http://www.dinarupdates.com/showthread.php?18248-Urgent-Abadi-to-appoint-new-secretary-general-for-CoM&p=128137&viewfull=1#post128137
______________________________________________________________
Mnt Goat – Part of this effort will also be cleaning house in the CBI including the changeover from the proxy governor Ali al-Alaq to Dr. Sinan al-Shabibi. I have evidence that speaks strongly that corruption must be cleaned out of the current CBI first before we will see any currency reform.
I assure you the process is already in play. The men on the chess board are about to be moved around. So this week looks very good. I expect announcements of some of the recent reforms and Reconciliation legislation signed into law. Also I suspect this week or in the next couple weeks, we are once again some movement into a fantastic window of opportunity to see a change in the currency value of Iraq...I feel we are at the very near end to this RV saga. [post 2 of 2]
______________________________________________________________
Delta – [is Maliki really in Iraq with Abadi… Why is he there With Abadi?] YES ..IT WILL TAKE THEM SOMETIME TO GET HIM OUT, HE GOT THE BACK UP FROM IRAN, HE WAS GOOD TO THEM THAT’S WHY!
______________________________________________________________
Mnt Goat – I am hearing the Maliki influence has dwindled to the point that he no longer is any threat to the government. This was assured to us once his position as VP was eliminated. We wait for his trial on many charges. This is coming in the weeks ahead. I now have proof that currency reform is in fact one of the reforms Abadi fully intends to implement VERY soon. I also have confirmation from the CBI that the IQD is no longer directly pegged to the USD but has been pegged to the SDR now since 2012 when Dr. Shabibi (then acting governor of the CBI) was in the process of the final steps of rolling out the lower denoms and coins. Well they are now on track to pick up the pieces and move forward with this once again. [post 1 of 2….stay tuned]
______________________________________________________________
Keywords: conditions are ripe to reconsider the Iraqi financial system
Qurtas News / Baghdad – He stressed Governor of the Central Bank of Iraq on the Keywords, Monday, that the current conditions are in place so that there is a reconsideration of the Iraqi financial system.
Keywords and said in a statement the “Ply News” that “the crises facing Iraq today, including the financial crisis, which reflected negatively on the economic imperative that there be efforts to confront and address them in accordance with the fast and accurate mechanisms and methods.”…
http://www.dinarupdates.com/showthread.php?18261-Keywords-conditions-are-ripe-to-reconsider-the-Iraqi-financial-system&p=128161&viewfull=1#post128161
______________________________________________________________
Aggiedad77 – Article: “Parliamentary Economy: customs need to in order to ensure the application of the customs tariff” According to one MP from the Economic and Investment Committee within Parliament the taxes and tariffs need another year to be worked on until they are again brought to light...this also comes from the head of the Customs group responsible for implementation…they still face issues with border crossings and how to equitably implement the new laws.
______________________________________________________________
Delta – [How much longer do you think before a rate change? And will it be for us internationally as well?] IMO AND BASED ON THE BOARD OF DIRCTOR OF THE CBI…BEFORE END OF THIS YEAR…YES THE NEW LDS WITH NEW RATE WILL BE TRADED INTERNATIONALLY FOR EVERY ONE.
______________________________________________________________
Poppy3 – don’t need $100.00 DOLLAR OIL AND THEY KNOW IT, DON’T NEED EVEN $40.00 OIL TO HAVE A $3.00 PLUS RATE . HISTORY SHOWS THAT WHEN OIL WAS AT $3.22 OIL WAS ONLY $32.00. SINCE THAT TIME THEY HAVE DISCOVERED AT LEAST 26% MORE OIL THAN EVER REPORTED IN EVERY FIELD. WE KNOW THEY HAVE BOUGHT 90 TONS OF GOLD SINCE. RELAX FOLKS, ABADI IS WORKING TO REIGN IN ALL THE CORRUPTION PERSONALLY AND ECONOMICALLY. THEY ARE MORE STABLE THAN EVER BEFORE AND WILL GET THEIR JOB COMPLETED ASAP. KEEP YOUR SMILE ON AND DON’T GET SO BENT OUT OF SHAPE OVER EVERY WORD YOU READ THAT SOUNDS NEGATIVE. MOST OF THE TIME IT IS ONLY A WORD FROM SOMEONE THAT HAS NO HORSE IN THE RACE. WE WILL WIN AND WIN BIG VERY SOON . I TRULY BELIEVE WE ARE CLOSING IN EVERY DAY. POPPY3
______________________________________________________________
Iraqi Dinar/Dollar auction 25-08-15
Currency Auctions Announcement No. 3021 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 25-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 24 |
| Number of remittance companies | 7 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 226,224,332 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 226,224,332 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
______________________________________________________________
BGG – Their own economists say… tariffs without value will be bad for their citizens. If they have this problem with demonstrations now – just wait until tariffs are implemented without value. BIG TROUBLE…and for some reason they don’t seem to be taking their foot off the tariff “pedal”… FULL BLAST!
______________________________________________________________
Aggiedad77 – Article: “Supreme religious authority: a battle of destiny and to speed up reforms to hold accountable corrupt” Here comes another not so subliminal message from the Iraqi clerics to PM Abadi…we need to clean up the judiciary to ensure when those accused of corruption are brought to trial there is no question as to the honesty and integrity of the judges hearing the cases…we need to push for more speed with the reforms that are being laid before the Iraqi people…make good decisions, make them quick, and move forward.
______________________________________________________________
Delta – [“THE ECONOMIC REFORMS HAVE BEGUN — THEY ARE TO SATISFY THE CITIZENS AND ALSO ADDRESS NOT ONLY THE DOMESTIC — BUT THE GLOBAL SCALE.” …that was supposedly released to the citizens Sunday am with 48 hours to implement. Is this news correct and if so if its to satisfy on a global scale could this be pointing to a rate change?] YES THAT’S CORRECT…BUT KEEP IN MIND 48 HRS FOR IRAQ COULD MEAN A MONTH.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates @DinarUpdates 3h3 hours ago
Sadr calls followers to take part in a demonstration next Friday to demand the reform of SJC
______________________________________________________________
Aggiedad77 – Article: “Iraq: the night of the arrest of al-Maliki” Now there is a catchy news article title…a real attention getter…Maliki’s time is surely short…he is continually being turned down…he is spurned from political leadership…his group of protectors grows smaller and smaller…so when will he be pulled from the street…when will that fateful knock on the door draw him from the safety of his mansion…he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people…his time is coming…because his options are running out.
______________________________________________________________
Delta – [what is the citizen’s reactions to “what seems like delays” in the monetary reform and are they liking what Abadi is doing?] CITIZEN LOVES ABADI, THEY ARE CLEANING HOUSE BEFORE THEY PULL THE TRIGGER. IMO WE SHOULD SEE WHAT WE ARE WAITING FOR SOMETIMES NEXT MONTH.
______________________________________________________________
tman23 – How attractive are those B- rated Bonds with a potential of $30 a barrel future?? …… So Iraq cuts government payroll pork by eliminating positions…….that only means more unemployed people that will go on the ration card system….. Iraq politicians speaking of reforms for 9 years………At this point it is equivalent to them arguing over the arrangement of the deck chairs on the Titanic……… Better find a solution to seal the hole and make the ship float…..interior design should not be a focal point !!
______________________________________________________________
Iraqi Dinar/Dollar auction 24-08-15
Currency Auctions Announcement No. 3020 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 24-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 29 |
| Number of remittance companies | 7 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 199,513,852 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 199,513,852 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
______________________________________________________________
Delta – […do you see them accomplishing their Goal with int bonds this year. B/c that would require a rate imo. Or do you think they will push the implementation date back due to needing more progress etc?] YES WE SHOULD SEE INT BONDS THIS YEAR IMO NEXT MONTH. THEY NEED THE MONEY SO BAD, WITH OIL PRICES GOING DOWN. ALSO THEY NEED INVESTOR TO GET IN…WITH OUT A NEW RATE NO ONE WILL INVEST IN IRAQ.
______________________________________________________________
Aggiedad77 – Article: “Iraq: the night of the arrest of al-Maliki” Now there is a catchy news article title…a real attention getter…Maliki’s time is surely short...he is continually being turned down…he is spurned from political leadership…his group of protectors grows smaller and smaller…so when will he be pulled from the street…when will that fateful knock on the door draw him from the safety of his mansion…he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people…his time is coming…because his options are running out.
______________________________________________________________
BGG – [I always thought RI meant reinstatement of the price it was on the market before the sanctions began – is that right?] were that to happen – yes, that is what it would be called. I doubt it though – I suspect some other “regime”…
______________________________________________________________
Analysts: al-Maliki at war again after being convicted of the report of Mosul
BGG Notes:
Maliki came back from Iran where he met with most of his most ardent Shia supporters (not all Shias support him – as before).
The Dawa party (and Maliki) “facially supports” these recent reforms called for by the Iraqi Clerics and the demonstrators (the people)… However, it’s a political tactic. He needs to look like..
“HE’S THE REFORMER”, or at least line himself up with the reforms…
Then there’s these rants blaming Erbil and Turkey for the fall of Mosul. Maliki must think no one remembers Barzani going to the press when Maliki wouldn’t listen about ISIS on the move.
There are articles out that affirm they put the SLC at Abadi’s disposal… again a weak showing of being “on the side of reforms” – not the “focus of the reforms”…
On the other hand Maliki is secretly attempting to subvert Abadi everything he does.
It is worth noting – there are numerous OP ED’s out recently pointing out that if Maliki really wanted reforms he would have done so long ago.
Maliki is in now in FULL DAMAGE control…
The Friday before the Mosul Report was coming out – he went to Iran to gather support. This move seems to have (temporarily) worked. This caught me a little off-guard. I didn’t think he had that kind of support from Iran once they pulled their support from his bid for a 3rd term.
He did not come back until he had some assurance of some kind – though no guarantee, he must feel he has some potential for survival.
This just goes to show you. I was told some time ago he had deep support from some very unlikely sources. It appears both Sunni leadership was “on the take” as well as some level of support from the Iranian Mullahs. Though they don’t seem to support another Maliki term – they don’t appear ready to throw him overboard just yet either. There is no guarantee they won’t though.
They have even sent Gen Qassem Soleimani into Iraq south of Baghdad to orchestrate a “quelling” of the demonstrations and supposedly to secure Maliki’s safety. However, I am not convinced his ultimate safety is Soleimani’s underlying mission.
This report of Gen. Soleimani being there is limited in it’s scope (how many times/and how it is reported) – so I view this with a healthy dose of skepticism. Also – this frantic move to maintain control over Iraq may well backfire on them. It is becoming clearer and clearer they have some agenda. This is surely not lost on the Iraqi people. Overall, they are typically not happy about external influence – US or Iranian. They don’t like it. One good thing – all of this has forced the Iranians to play their hand in a more public fashion. Now they all know…
Abadi was quoted just recently as saying…
…”the prime minister does not think now in dissent nor undo the reforms, and will not seek to raise Maliki’s name from the list of defendants fall of Mosul.”…
Meaning – he won’t take Maliki’s name out of this report… it will play out.
I don’t see – with the mounting charges, how Maliki survives this barrage. Mosul, Halabja, embezzlement from the CBI, the Speicher massacre, the prison break, it goes on and on and on…
Further – my comments regarding “Maliki as gone” – are clearly “forward looking statements” and ARE IN PROGRESS. Visible progress has been made – for now, Maliki is NOT A VP and is NOT WELCOME in official GOI meetings. Party meetings are one thing. GOI is another thing entirely.
Rather than get caught up in who’s right and who’s wrong and what the details are – what about the WHY?? WHY did Abadi move now?? Was it demonstrators?? No – I doubt it very much. Maliki can think he has everyone right where he wants them – but keep in mind this whole campaign of reform was kicked off by the WB/IMF telling Iraq to get their AML (Anti-Money Laundering) and corruption under control (both issues pointed DIRECTLY AT MALIKI). They were given until Oct 1st to get an AML law put in place. It would probably help Abadi to have an Investment Law in place as well.
Thus far Abadi has responded. Judiciary is next. He needs to keep up the pressure...
______________________________________________________________
Delta – […do you see them accomplishing their Goal with int bonds this year. B/c that would require a rate imo. Or do you think they will push the implementation date back due to needing more progress etc?] YES WE SHOULD SEE INT BONDS THIS YEAR IMO NEXT MONTH. THEY NEED THE MONEY SO BAD, WITH OIL PRICES GOING DOWN. ALSO THEY NEED INVESTOR TO GET IN…WITH OUT A NEW RATE NO ONE WILL INVEST IN IRAQ.
______________________________________________________________
firefly – [What are your thoughts on Abadi eliminating Parliament and rewriting the constitution?] They are going from a parliamentary constitution to a democratic constitution. HUGE. Exactly what was expected of them. [Didn’t the USA have a big hand in writing their new constitution?] They are helping Abadi amend it, yes. Maliki never abided by the old constitution if he did, we wouldn’t be here right now! Well something needs to happen prior to Oct 1st. Have to remember…both Abadi AND Saleh told us back in Dec 2013 that the deletion of 3 zeros will occur in 2015. What did they know back then that most here didn’t? In Fact Abadi even went as far as to say…AFTER THE NEW PARLIAMENT! [post 2 of 2]
______________________________________________________________
Millionday – […this 48 hour implementation for the economic reforms, would that include an RV?] GOOD QUESTION. [If they’re going global, they would have to be internationally recognized? At least you would think so.] YES THEY WOULD AND WITH STOCK MARKET REFORM AND BANKING REFORM IF IT IS ENTIRELY WOULD REQUIRE INTERNATIONALLY RECOGNIZED MARKET ECONOMY IN THE GLOBAL ARENA REQUIRES IT. [They could go global at the rate they are at now though.] NO THEY HAVE TO DO THE ORDERED INTERNATIONAL EQUATION — GLOBAL PRICING INDEX APPLIES TO EVERYONE DOING TRADE THROUGHOUT THE GLOBE — IT IS WHAT MAKES TRADE FAIR. [post 2 of 2]
______________________________________________________________
______________________________________________________________
firefly – [What is keeping Maliki from being gone? His position has been eliminated and yet he still has a forum. He refuses to resign. What in the constitution is allowing him to still have a foot in this game?] Anybody can create their own forum if they scream loud enough. Does it add any validity to it? He could refuse all he wants, he is out! M [Maliki] will be taken care of by the proper authorities…as well as his sidekicks! Abadi KNOWS that! IMO he is irrelevant to the reform…Has no power…lost his job…nobody likes him. lol. Abadi is SAFE! [post 1 of 2….stay tuned]
______________________________________________________________
BGG – [BGG would be right on when he said 2 or 3 days or weeks.] I was saying – the next short period of time should be very exciting – what that means is anyone’s guess. In no way am I “vaguely pointing out” an RV. Maliki and Alak need dealt with PLAINLY – and with finality. I have been (and am) encouraged by the apparent rapid movement on this front…further – my comments regarding “Maliki as gone” – are clearly “forward looking” and in progress…
______________________________________________________________
Millionday – Article quote: “Today launched the (economic morning) new shape with the start of the morning 48 as usual to call since the idea of expansion, three pages devoted to the economy out of its importance at the local and global scales…” THE ECONOMIC REFORMS HAVE BEGUN — THEY ARE TO SATISFY THE CITIZENS AND ALSO ADDRESS NOT ONLY THE DOMESTIC — BUT THE GLOBAL SCALE. SO THE PROCESS MAY BE HARD/DIFFICULT BUT THE PAY OFF (NO PUN INTENDED) WILL BE GREATER…THIS WILL BE RELEASED TO THE CITIZENS IN THE MORNING [SUNDAY] (MEANING THE REPORT) [this goes out to citizens in am? and the reference to 48? 48 hr activation?] YES IT DOES. [post 1 of 2….stay tuned]
______________________________________________________________
Breaking News Hakim: We defend our country with our souls, blood
Baghdad (Forat) – The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, confirmed “We will defend our country with our souls and blood to prevent anyone who attempts to steal our achievements.”
http://www.dinarupdates.com/showthread.php?18163-Breaking-News-Hakim-We-defend-our-country-with-our-souls-blood-8-23&p=128032&viewfull=1#post128032
______________________________________________________________
My Ladies – THE VERY INSTANT IRAQ COMES OFF THE PROGRAM RATE AND TRADES IT WILL GO THROUGH THE SAME SETTLEMENT SYSTEM AS ALL OTHER CURRENCIES. CENTRAL BANKS ARE NOT SET UP TO KEEP JUST IRAQ ON THEIR OWN SETTLEMENT SYSTEM. THEREFORE THE CENTRAL BANK OF IRAQ CAN NOT REINSTATE THEIR CURRENCY AND KEEP IT ALL TO THEMSELVES. LOOKING GOOD SO FAR, THEY ARE TIGHTENING UP ALL THE SCREWS AND BOLTS…WOW!! WHAT PROGRESS AND ALL GEARED TO THE INTERNATIONAL MARKETS AND BANKING.
______________________________________________________________
Aggiedad77 – Article: “Head of the investigative committee Asagot Mosul al-Maliki accused of high treason” The head of the committee investigating the fall of Mosul when the DAASH terrorists took over without so much of a fight from the Iraqi Army in June of 2014…the responsibility for this terrible action falls upon the shoulders of former PM Maliki…he predicts that Maliki will be tried in court for high treason.
______________________________________________________________
firefly – [you think if we ask nicely they will tell us when give us a date and time?] Forget Dates, they have one opportunity to get this right. When the time is right it WILL happen. […they will move before end of August or sometime before October, October is the END OF THE ROAD for Iraq according to WB?] I am not expecting anything until Sept at the earliest…Still laws…NEED to be IMPLEMENTED. [you think they might be waiting for implementing that together with banking going forward to be international compliance?] I do. Remember…the WB gave them a…HARD DATE fOR implementation. [sounds like a lot of movement trying to happen!] Oh…it WILL happpen alright. [When?] NOBODY AND I MEAN NOBODY HAS A DATE. Does anybody…think that the ones in charge of the plan will tell anybody? … Especially Dinarland? lol. [post 2 of 2]
______________________________________________________________
Iraqi Dinar/Dollar auction 23-08-15
Currency Auctions Announcement No. 3019 (most recent listing)
This daily currency auction was held in the Central Bank of Iraq on the 23-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 22 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 241,085,139 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 241,085,139 |
| Total offers for selling (US$) | —– |
More: https://dinarupdates.com/observer/
______________________________________________________________
BGG – [How will $40 oil affect an RV…at one time it was said that $100 oil was needed?] IMHO – not at all, I don’t agree with $100 oil being required. In fact, if one ascribes to a “short move” or “emergency currency reform” as a short term budget deficit “bridge” – then $40 oil is not a problem – but a catalyst for change.
______________________________________________________________
firefly – Article: “(Reuters) – Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances.” [I would think that if the BONDS are being sold internationally their currency would have a rate and also be international at the same time.] Can’t have one without the other! No rate change on the CBI website…yet. As with ANY Central Bank, when there is a rate change it WILL show. Would have to in real time! [post 1 of 2….stay tuned]
______________________________________________________________
BGG – [do you really feel Iraq can pull off a increase in value before the end of Sept or do you feel it may take longer?] I think – as soon as Maliki is fully “dealt with” and some resolution comes to the Gov of the CBI – the door is wide open to monetary reform. THAT IS EXACTLY what I think… and all of this can happen very, very quickly.
______________________________________________________________
Ministers ‘to be Tried for Corruption’
The Iraqi Commission of Integrity has announced that over 2,000 people, are to face trial for corruption.
According to a report from BasNews, this number includes 13 govenment ministers.
At a press conference in Baghdad on Thursday, the Head of the Commission, Hassan al-Yassiri declared that in support of the Iraqi Prime Minister’s reform package, they have so far investigated 2,000 cases of corruption…
http://www.dinarupdates.com/showthread.php?18159-13-Ministers-amp-2000-Corruption-cases-to-be-tried-8-22&p=128010&viewfull=1#post128010
______________________________________________________________
tman23 – I have “heard” that today the 21st “they” were given 3 weeks to complete the laws….. (( I don’t know what laws, and I do not know who is delegating the directives )) AND……. Moshen Ismail (aka – ALAK – Gov of CBI) has submitted his resignation……The resignation by law requires a 30-day notice……And expect Sept 8th a new CBI governor to be appointed……… There is no “ink” on this and I don’t expect to see it in the press until the announcement……. That being said…..disregard it…….!!!!! But count on it !!
______________________________________________________________
Aggiedad77 – Article: “Foreign Policy: Iraq is not a lost cause” The Iraqi Ambassador to the US begs to differ with some within the US regarding the situation in Iraq today…some look inside the country and only see a bleak and black future, one of separation…however the Ambassador says that Iraq is not a lost cause, Iraq’s strength he says lies within their unity as a country a unity that is built upon integrity and a bonding between previously warring entities that are currently working together to push DAASH out of the country…that are working together today in support of reforms being proposed and implemented by PM Abadi and his government…he asks that US leadership not promote separation but instead stand with Iraq for unity because Iraq is not a lost cause.
______________________________________________________________
Breitling – Just going by math and looking at what’s going on in Iraq….I haven’t seen anything negative. There is nothing out there stopping this. It’s simply not going to happen. Iraqi people need purchasing power. But the CBI has to do it correctly. They can’t just push a button and all of a sudden there is value behind their currency. They have to make sure it can be stable and it can grow and they can control it…that’s the most important thing. Other countries and companies won’t invest in Iraq unless it has that type of control. [Post 2 of 2]
______________________________________________________________
Iraq initiated a new investigation and a new charge to former Prime Minister Nouri al-Maliki!
After days of insert name of Prime Minister Nouri al-Maliki accused cause the fall of Mosul, however, daash, parliamentary defence and Security Committee to investigate new charges and confirmed the parliamentary defense and Security Committee she had initiated an investigation on the file involved the escape of the prisoners over the years.
Member of the parliamentary security and Defense Committee, Hassan Salem, that “the Committee considers that political corruption, are the reason behind the escape of prisoners from prisons during the previous periods,” open this file “.
He said a member of the parliamentary security and Defense Committee, “we are determined to open all files of corruption for the purpose of holding all the defendants and upholding the right.”…
http://www.dinarupdates.com/showthread.php?18130-Iraq-initiated-new-investigation-amp-new-charge-to-former-PM-Nouri-al-Maliki-8-22&p=127959&viewfull=1#post127959
______________________________________________________________
SteveI – This is very complex and I had no clue as to all of the things that have to get done and be in place. A huge undertaking. [With all the news that we have read recently, was hoping to get…input on where we are, and where we’re headed.] … Iraq is moving forward not backwards like some are implying. Yes, I would like to see things move a bit faster… I do have some positive news but I have not had a chance to verify it from additional sources. It is very positive.
______________________________________________________________
Mnt Goat – As we know Maliki traveled to Iran with a delegation from his party. I believe his intent was to defect to Iran since he also traveled with his family. Once there he was asked to return to Iraq. He is now back in Iraq… Abadi is moving quickly on the clean up of the Judiciary system to get the Judicial Reforms implemented. This will clear the way for any obstacles for many future reform objectives including bringing Maliki and his goons to their final demise thus stopping the stalling of needed legislation to complete the Reconciliation efforts agreed to be completed by mid September. These reforms are moving lightening fast.
______________________________________________________________
Millionday – Article quote: “The International Monetary Fund forecast on Wednesday, the Iraqi economy growth of 0.5% by the end of this year, thanks to expansion in the oil sector, and increase the contraction of economic activity in the non-oil.” THE INCREASE OF NON-OIL IS ALL OTHER PRODUCTION OTHER THAN OIL CALCULATED WITH GDP. THE IMF FIGURES REPRESENT THE ACTIVATED REFORM RESULTS…THE IMF IS HAPPY WITH THE REFORM PACKAGE AND HAS ADJUSTED ALONG WITH REFORMS PREDICTIONS OF GROWTH FOR THIS YEAR.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates retweeted
Reidar Visser @reidarvisser Aug 21
Ex VP Maliki at yesterday’s gathering of #Iraq politicians trying (unsuccessfully) to find new Shia alliance leader.
______________________________________________________________
Breitling – An article came out and a lot of people are scared about the idea of a LOP…look, this is a repeat [article]. The biggest indicator for a lop is they wouldn’t reduce the note count…they wouldn’t need to…they’d just take the 3 zeros off and that’s it…that’s the indicator. If they are physically reducing the note count…They have reduced the note count from 9 billion to 6 billion to 4 Billion to whatever they’re at today and that includes taking away the 50 dinar note. They can’t reduce the note count like that AND take the zeros at the same time. If you go back to the minister of finance’s plan what is it? To get the dinar to the US dollar….that’s it. What do they have to do to maneuver to do that? They have to reduce the note count. They have to get US dollars out of the market. [Post 1 of 2…stay tuned for the rest of the story]
______________________________________________________________
Mnt Goat – The news has never greater as these reforms progress…So the news of this week is the coming of the second set of reforms as Abadi promised…We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms...watch for the completion of these reforms and you will see the light at the end of this RV tunnel.
______________________________________________________________
Frank26 – [HOW SOON DO YOU EXPECT THE LAW [HCL] TO BE ENACTED?] IOO…M [Maliki] has never wanted the RI/RV…Then he would have to share what he stole. IOO…The MR [Monetary Reform] and HCL are Siamese Twins…They need each other in order to live and bring life to others. This part of the Reforms has picked up speed with the terroristic M and his minions removed. The Tariffs are for the IMF…The HCL is for the CITIZENS…The RI is for Budget…The RV is for us. My opinion…Would quickly be turned into a DATE. Suffice it to say…We look at Allack leaving around the first week of October. Why? Because the GOI builds it for the arrival of DRS [Dr. Shabibi] and the CBI’s MR [Monetary Reform]. REFORMS in many forms. Right now. Not…2016 or 2017.
______________________________________________________________
Urgent. Warrant arrested Ahmad Al-Maliki!
Officials working in the General Secretariat of the Council of Ministers that the suspicions many corruption during the tenure of former Prime Minister’s son Ahmed Nouri al-Maliki responsible for the management of the Office of his father, pointing to the existence proof of this corruption.
The source, who declined to be identified for its proximity to senior officials at relevant reforms announced by Prime Minister Haidar Al-Abbadi: Ahmed Al-Maliki directly responsible for contracts and procurements of the green zone and sell property, indicating that the suspicions connected with money-laundering deal with Lebanese banks…
http://www.dinarupdates.com/showthread.php?18124-Urgent-Warrant-arrested-Ahmad-Al-Maliki!-8-21&p=127938&viewfull=1#post127938
______________________________________________________________
Bluedog – HCL…HOT IN THE NEWS GOING TO PARLIAMENT AND WE KNOW ALL THE OPPOSERS ARE GONE. THE ONES LEFT WILL BOW TO ABADI BECAUSE THEY WANT TO BE LEFT ALONE AND NOT BROUGHT INTO THIS CORRUPTION FILE…IMO…HCL…HAS BEEN SHELVED AND AGREED UPON FOR SOMETIME.
______________________________________________________________
tman23 – ..I am in a positive frame of mind in regards to the reform of the IQD… How they arrive at a rate is unknown…But what is known is that they are on a -fast track- to get reforms in place.
______________________________________________________________
Frank26 – [do you think we have a good chance of seeing 1 to 1 before 2016?] ONLY If we see DRS [Dr. Shabibi] back in this year. As for 1 to 1…Or INDEX to INDEX…The USD will still be involved with the IQD but with a lower ranking postion of Power and decision making. IOO…2016 / 17 is for the RV PHASE REFORM. Because there can be NO RV without the RI and none of them can exsist witout DRS lifting the 000’s from a numb Program Rate.
______________________________________________________________
Sadr’s movement calls for Maliki to surrender to eliminate
The political body of the Sadrist movement Nuri al-Maliki called for a surrender to justice. The authority said in a statement; that “al-Maliki on the surrender of the judiciary and to appear before the competent court and face the charges against him.” She said the body; “The court will determine guilt or innocence of al-Maliki.”…
http://www.dinarupdates.com/showthread.php?18089-Sadr-s-movement-calls-for-Maliki-to-surrender-to-eliminate-8-20-2015&p=127876&viewfull=1#post127876
______________________________________________________________
Aggiedad77 – ..interesting news overnight…from the appearance of things….it looks as though Maliki…is looking in all directions for his future…he fails to see though the handwriting upon the Green Zone wall…his welcome mat is being pulled out of from beneath him…he is quickly becoming a pauper for they have taken away his toys and pretty things…the plane…the plane…the nice shiny gold bars…all the colorful currency…they are disappearing…his pockets will soon be turned inside out…The strength of Iraq does not come from embezzling politicians any longer, the strength comes from those who are ready for reform, those who stand for a new Iraq that is breaking chains left and right as they prepare to show the people and the world they can survive by focusing on integrity and honesty…kicking the old corrupt ways to the curb…watch for it…the BEST is yet to come.
______________________________________________________________
firefly – So much happening right now… BREATHTAKING! jUST KNOW THAT WE ARE IN THE MOMENT, AT THE FINISH LINE. DATES DON’T MATTER.
______________________________________________________________
tman23 – The reason oil is down is because manufacturing is down…The worlds economies are in deep S***! The start of October is the beginning of the development rollout for global infrastructure…instead of it being billions invested it is being escalated into the trillions… I posted in the past that June was the end of the road… Since that time Iraq was given until October 1st to get their s….. together...That is July -August-September…a 90 day time frame…a time that requires letter of credit payments… Im not going into detail on that subject…but know that the time is real… And many argue that Iraq does not follow time frames and I agree…but the developed countries do and Iraq can find itself left behind…Cuba being opened is for a reason… there is an economic shift coming and we hope we speculated right with the IQD… This is not conspiracy stuff.
______________________________________________________________
Adam Montana – [For their everyday operation and financial business, Is Iraq using their money or are they using the dollar? Seems that if they are using the dollar then we must still be supporting them financially. If that’s the case then they don’t really need to be concerned about the Dinar’s value.] The CBI runs auctions and uses the dollar to balance the rate. From an RV standpoint it really doesn’t matter that they are using USD and IQD. All that matters is where the CBI sets the rate, because that determines how many USD we get for each Dinar. Long story short – their use of USD is not a bad thing for us.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates @DinarUpdates 14m14 minutes ago
Al Abadi’s long-awaited national coup
______________________________________________________________
BGG – “Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq.” Maliki was involved in the largest money laundering operation in Iraq. This piece – in my mind, is the part that will ultimately wind up ending Maliki…the rest he can argue as “partisan”, retribution, or whatever…but stealing directly from the CBI isn’t something that Iran (or anyone else) will be able to save him from. This IS BAD…not to say that all the other atrocious crimes aren’t every bit as bad – but this goes to the very heart of Iraq’s current financial crisis. This is the thing the people are demonstrating over.
______________________________________________________________
Millionday – [have you come across anything concerning money laundering law?] THE MONEY LAUNDERING LAW IS DONE…HUGE ANNOUNCEMENT. [Is there any news on the HCL yet?] THE HCL WAS ANNOUNCED TO BE VERY EASY DUE TO ITS CONSTITUTIONAL AND POLITICAL AGREEMENT PARALLEL…IT IS IN PARLIAMENT AND I BELIEVE READ TWICE — THIS LEAVES VOTE.
______________________________________________________________
My Ladies – IF WE REMEMBER THE CBI EXPLAINING TO US THE 3 CURRENCIES THEY SAID THEY WILL ALL RUN TOGETHER FOR 10 YEARS. WHAT ARE THOSE 3 CURRENCIES? THE CURRENCY THEY HAVE NOW, AND THEN THE 50K AND 100K IS NUMBER 2 AND THEN THE PERMANENT ONE WILL BE #3.
______________________________________________________________
Al Maliki steps into Al Hashemi’s shoes
Iraqi Prime Minister Al Abadi still has a long way to go, but he is on the right track
It is a curious twist of irony that the man who pursued the now-fugitive former Iraqi vice-president Tariq Al Hashemi may suffer a similar fate. Iraq’s former premier, and former vice-president Nouri Al Maliki is currently in Iran, where some have suggested that he may never come back from as Baghdad seeks to investigate his role in the fall of Mosul to Daesh (the self-proclaimed Islamic State of Iraq and the Levant) last year. The move was a milestone for the terror group that allowed it to gain much support among radicals around the globe, as well as territory in Iraq and Syria…
Read More: http://www.dinarupdates.com/blog/
______________________________________________________________
Arthur – It should now be blatantly obvious that the one missing piece to the whole RV puzzle is the lack of a Hydrocarbon Law (HCL) in Iraq to release the budget funds to the provinces as well as a myriad other items that the HCL benefits. In light of where we are in the process we can now release breaking news gathered from sources within the process. Without going into too much minute details, the delay in the full blown release of the next round of reforms was, among other things due to the instability in the political arena in the Kurdistan region. We have information that much of that has now reached a sufficient point of closure that the next round of reforms, including the HCL is now in imminent status with the signing of some documents and release by the PTB. We are now in a countdown to the full blown economic reform introducing the Iraqi dinar to the international community.
______________________________________________________________
Backdoc – WE ALL HAVE TO BE SO ENCOURAGED BY THE REFORM PROGRESS OCCURRING AT BLINDING SPEED. WELCOME TO DEMOCRACY IRAQ! WITH IRAQI INTERNATIONAL BONDS ABOUT TO BE SOLD A RATE APPEARS TO BE A CERTAINTY IN THE NEXT FEW DAYS OR WEEKS. SO WHEN WILL THE BONDS BE SOLD? THAT DECISION AGAIN SEEMS TO BE IN THE COURT OF THE IMF.
______________________________________________________________
My Ladies – SO ALL OF THIS AND NOW THE IMF HOLDING ON THE BASKET IMPLEMENTATION TELLS US THAT WE SHOULD SEE AN EXCHANGE RATE NOW-ISH WITH A DOLLAR PEG ON PAR WITH THE INDEX AND THEN LATER WHEN EVERYONE BEGINS THE SWITCH TO THE SDR THEY WILL HAVE TO DO WHAT? [Do not let go of your dinar until it depegs from the usd and pegs to the sdr next year.] RIGHT…SO THE MORAL OF THE STORY HERE IS DO NOT EXCHANGE YOUR DINAR ALL AT ONCE! THEY ARE TELLING US THEY NEED UNTIL 2017… IMF IS TELLING US THEY NEED UNTIL, THE END OF 2016 IRAQ NEEDS TO PUT ON TRAINING WHEELS AND BECOME CONVERTIBLE NOW SO THEY WILL DO THAT WITH A DOLLAR PEG, BUT THEN LATER WHEN THEY HAVE ALL THEIR CORRECT CURRENCY AND ARE READY TO TAKE OFF THE TRAINING WHEELS THEY WILL PEG TO THE BASK AT A REALITY RATE REFLECTING THEIR GDP BY THEN AND THEY WILL HAVE A NEW PERMANENT RATE. WE SHOULD SEE A RATE NOW ISH BUT NOT A SDR VALUE UNTIL THEY SWITCH PEGS…A 2 STEP PROCESS. [with a peg to USD at par would be $1 IQD to $1 USD right?] WELL SORT OF…BUT I THINK THE INDEX IS 0.98 NOW. [post 2 of 2]
______________________________________________________________
“Straight Talk Radio” Call!!
“for Dinar News – that MATTERS!!”
from Thurs – 8/20
Click banner on mid-right of page!!
______________________________________________________________
My Ladies – Press Release: “2015 ARTICLE IV CONSULTATION…STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ.” Quote: “…commitment to maintain the exchange rate peg…They also welcomed the steps taken to liberalize the foreign exchange market and urged the removal of remaining exchange restrictions and multiple currency practice as external conditions evolve.” SO WE KNOW THEY ARE GOING TO MAINTAIN THE DOLLAR PEG RIGHT? SO WHAT DOES THIS MEAN? WELL WE KNOW THEY NEED TO BE INTERNATIONAL TO GET THE BONDS DONE…AND WE KNOW THEY NEED CUSTODIANS TO TRADE THE ISX…AND WE KNOW THEY ARE COMMITTING TO REVIVE THE PLAN OF REDENOMINATION…WE NOW KNOW THEY WILL KEEP THE DOLLAR PEG… SO IF THEY ARE GOING TO SETTLE IN THE DINAR THEN THE EXCHANGE HAS TO BE ON PAR WITH THE INDEX RIGHT AND IRAQ IS TELLING US THEMSELVES THEY WILL NEED UNTIL 2017 SOMETIME TO BE DONE WITH CURRENCY REFORM RIGHT? [post 1 of 2….stay tuned]
______________________________________________________________
BGG – IMHO – there is way, way, WAY too much corruption for Maliki to not face some kind of a direct criminal action – this bit about stealing directly from the CBI is very damaging – they wouldn’t be talking about it publicly unless they had the “goods”…the next few days could be very exciting.
______________________________________________________________
My Ladies – Article: “August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange” ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN…BASICALLY IN A NUT SHELL A CUSTODIAN. THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW… [I saw a US News and World Report article about it as well as AP and Reuters.] YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY.
______________________________________________________________
Round Table Chat w/BGG 8-19-15 Part 2 of 2
Thanks to DinarRecaps.com for posting Round Table with BGG!!
BGG: says to jackflash101st Sounds like it – who knows how that will end.
BGG: says to jackflash101st Mahmoud already tried to resign.
BGG: Wow –
BGG: [the report] – emphasizes that what happened before the fall of Mosul was planned by al-Maliki in order to return to power and picking the third mandate until the door drop Sunni leaders in the western regions and the declaration of emergency law that allows him to control and put the Kurdistan region with a fait accompli,
BGG: which I said over and over – no one cared much (at the time) to listen…
BGG: WOW – as I read this whole report, it strikes me, the reason Maliki is coming back (or has – or will Thursday)… reference is made to the fact, if he stays gone his political influence ends QUICKLY.
~~~
Read More: http://www.dinarupdates.com/showthread.php?17968-Bgg-roundtable-8-19-15&p=127706#post127706
______________________________________________________________
Adam Montana – [For a long while I heard that over half of the HCL was done, but it is still a HCA. Is it in front of Parliament or are the Tarriff Laws and people getting Fired more important?] In my opinion, the HCL is going to be done as quick as the actual RV – it won’t get back in front of Parliament until they are sure they are going to pass it, and pass it quickly. I’m not the only one who believes the HCL is the last key to seeing the RV, which leads me to think that it will be a 1-2 deal. Go HCL, then go RV.
______________________________________________________________
tman23 – The NEW CBI website is extra special…and it is proof that change is about to occur… The Kurdistan Government secured the domain .KRG and has given until October 15th for all registered business to secure their domain…and then it is open to public. The reality of the IQD speculation is going to come to light… All we can do is wait and see if we speculated correctly and it delivers the ludicrous profits we all hope for. When the iisd…international institute for sustainable development…held by the general assembly of the united nations…finishes it’s meetings then the money will be released…this is what I was told…And that you can bank on!
______________________________________________________________
______________________________________________________________
Millionday – Banking Report: “Call for cooperation and integration of global economies” THIS WAS THE TITLE OF THE BANKING REPORT…HOW GOOD IS THAT… THE…REPORT…SHOWS INTERNATIONAL COMPLIANCE AND ALL BANKING ROLES BEING ACTIVATED. THEY HAVE A TEAM SET FOR THE ACTUAL RELEASE OF THE ECONOMIC REFORMS. THE BANKS ARE THE VERY FRONT OF THE ECONOMIC PROCESS FOR IRAQ…THEY HAVE TO MAKE EVERY STEP COUNT TO BRING BACK THE NATION AS PLANNED.
______________________________________________________________
Adam Montana – Well, I hate to keep harping on the same thing week after week, so I’m keeping it simple today. No HCL, No RV. Give me an HCL, and we are back in business quicker than you can say “lickity split”!
______________________________________________________________
Mnt Goat – WOW! I can hardly believe the news this week so far. So much news this week. Are we really on the track to finally see the project to delete the zeros from the currency and get our RV? Seems that way. So the news of this week is the coming of the second set of reforms as Abadi promised. We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms.
______________________________________________________________
Round Table Chat w/BGG 8-19-15 Part 1 of 2
Thanks to DinarRecaps.com for posting Round Table with BGG!!
BGG: OK – lots of news to cover today – but let’s take it in chronological order. if we can…
BGG: Maliki was involved in the largest money laundering operation in Iraq
BGG: Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq.«Okaz» and learned that a private form of Iraqi Prime Minister Haider Abadi,
a government commission will begin within days to open the financial files for the owners to begin its work in parallel with the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it.
~~~
Read More: http://www.dinarupdates.com/showthread.php?17968-Bgg-roundtable-8-19-15&p=127706#post127706
______________________________________________________________
tman23 – Actually what we are seeing is not at all surprising… June was the end of the road…and we are witnessing the change of dynamics in warp speed…There is a time limit and it is Oct 1st… But there are a host of world events tied into this timeline …which are quite coincidental if you believe in such! …there are so many documents that were set with this date from different resources.
______________________________________________________________
BGG – Article quote: “…the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it.“ Stunning news…Maliki was involved in the largest money laundering operation in Iraq…they actually pinned the Money Laundering / Embezzlement directly from the CBI ON HIM!!
______________________________________________________________
Kaperoni – Article: “Jubouri: The second package of reforms will contain a lot of detailed important decisions” We can see now that these various committees are being formed to present to the PM reforms. And the second package appears to begin to including banking reforms..specifically mentioned here “guarantee deposits.” This brings me to the committee that met yesterday discussing the currency… We could be seeing the beginning of many steps to improve the economy, strengthen the banking system and improve the value of the currency. It will be interesting to watch these packages of reforms over the next several weeks and how they are implemented.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Maliki ‘on the run’ in Tehran in search of immunity or asylum Middle East Online
______________________________________________________________
Millionday – ABADI HAS POSTPONED HIS CHINA VISIT TO ACTIVATE REFORMS…THE TRIP TO CHINA…WAS TO BE IN THE MIDDLE OF REFORM ACTIVATION… RIGHT NOW ALL THAT IS IMPORTANT TO ABADI IS TERRORISM AND THE ACTIVATION OF THE REFORMS. THE GOAL IS THE FIRST OF THE MONTH…SEPT 1ST ACCORDING TO REPORT…FOR THE REFORMS TO BE ESTABLISHED… HE DID NOT SPECIFY JUST SOME REFORMS — IMO — HE IS STATING ALL REFORMS AS THEY [THE REFORMS] WORK TOGETHER.
______________________________________________________________
wmawhite – […will those bonds be in Dinar…or USD? the international ones?] The article…reports in IQD. [is redenominate the same thing as a LOP?] No…Understanding this, …a LOP would be going in the opposite direction. Try to understand when a country LOP it is under huge inflation and the currency is losing value daily. Iraq has very little inflation and even the biggest critic will admit that the value of the IQD is much greater than 1166. [post 2 of 2]
______________________________________________________________
tman23 – BAGHDAD — The head of the committee investigating the fall of Mosul, Hakim al-Zamili has revealed that there is no evidence to suggest KRG President Massoud Barzani or former Iraqi Parliament Speaker Osama al-Nujaifi are accountable the fall of Mosul. It had been rumoured that Barzani and al-Nujaifi were included on the list, but al-Zamili rejected the claims. President Barzani insists that he warned former PM Nouri al-Maliki about the serious threats facing northern Iraq before IS launched their 2014 attacks, but was ignored.…….. Now we wait for the reports that will expose Maliki funneling Iraqi money to Tehran…….And that I assume will go over very well with Iraqi citizens and their fondness for Tehran
______________________________________________________________
Iraqi Dinar/Dollar auction 19-08-15
Currency Auctions Announcement No. 3017
This daily currency auction was held in the Central Bank of Iraq on the 19-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 27 |
| Number of remittance companies | 9 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 271,284,442 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 271,284,442 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
______________________________________________________________
wmawhite – Well, well ,well…now the U.S. News and World Report is reporting the same thing:..“US News & World Report – Iraqi selling intl bonds and redominating currency…Reacting to the crisis, Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds… Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department” the significance is that the IQD will be on the bond market. The bond market is twice the size of all of the world’s stock markets combined. when the IQD is on the bond market the individual bonds are able to move freely. This is the first step of the IQD reentering the world currency markets. Exciting and nice news. [post 1 of 2….stay tuned]
______________________________________________________________
tman23 – The new currency must come first as a prelude to the deletion of the 3 zeros from the currency… This is the biggest statement ever made yet so often overlooked! If they are speaking of new lower denoms, then they would need a rate other then 1166…and if they come first, then the 3 zero notes will carry high value before removing the 3 zeros at the exchange window…what is the time limit…72 hrs…7 days…who knows…but it is possible! The other scenario is seeing a 50,000 note come in October…if that hits the streets then it is not looking good no matter how anyone tries to spin it… Make no mistake…the world is on the edge of financial disasters… it is real and live! There are 33 consulates now opened in Erbil… All these countries are lining up at the feeding trough…IMO it is bigger then Iraq…something BIG is being prepared… and TIME IS A FACTOR!
______________________________________________________________
Frank26 – The Monetary Reform remains in front of us. It is our opinion that Dr. S [Shabibi] will be returning but we just don’t know when. Again, IOO (In Our Opinion) the reforms will need an RI to start them. From the article earlier today, “Let it Float”….this will put things in the hands of the international world and with this will come a faster rise in the rate…IOO. With the actions being taken by PM Abadi in the form of his reforms expect to see the removal of many things, people, policies, laws, etc. he will make sure that nothing stands in the way of his reforms as we move forward.
______________________________________________________________
Iraq: Report on fall of Mosul to ISIS calls for ex-PM Maliki to face trial
Others implicated include former acting defense minister and Mosul’s governor
Baghdad, Reuters—Iraq’s parliament on Monday referred to the judiciary a report calling for the trial of former prime minister Nuri Al-Maliki and dozens of other top officials in connection with the fall of Mosul to the Islamic State of Iraq and Syria (ISIS) last year, two lawmakers said…
http://www.dinarupdates.com/showthread.php?17887-Iraq-Report-on-fall-of-Mosul-to-ISIS-calls-for-ex-PM-Maliki-to-face-trial-8-18-2015&p=127567&viewfull=1#post127567
______________________________________________________________
My Ladies – Aritcle quote: “Iraq hired banks for its first international bond issue in almost a decade, seeking $6 billion to help plug a widening fiscal deficit.” Quote: “The country plans to meet with international investors as soon as next month, said two people familiar with the program, asking not to be identified because the talks are private.” WE HAVE CONFIRMATION FOR NEXT MONTH FOR THE SALE…THIS IS PROMISING.
______________________________________________________________
Kaperoni – Article quote: “Iraqi Center for Development and Media systems and in coordination with the Office of the Prime Minister workshop economic entitled (to float the Iraqi dinar and its impact on the economy)… discussed the workshop the importance of the advancement of the Iraqi economic reality and its impact on the Iraqi citizen, where participants put forward many ideas and perceptions that the Iraqi government included in the economic reform plan, including the issue of the float of the Iraqi dinar…” it’s not new…its the decision that was made a few years back over the previous plan (which may have been a LOP) and to go to a more gradual appreciation as stated in the 2013 Article IV Consultation. This panel may just be reviewing the conditions, circumstances, etc to see if the timing is appropriate for the CBI to act. Who knows, but the discussion is good anyway you look at it.
______________________________________________________________
“Straight Talk Radio” Call!!
“for Dinar News – that MATTERS!!”
from Tues – 8/18
Click banner on mid-right of page!!
______________________________________________________________
Breitling – They [the CBI] are telling business and local banks to stop doing business with Iran…the main reason why is they [Iran] are trying to pump US dollars into iraq because they know they [Iraq] are trying to add value to the dinar and they [Iran] know one of the tools to keep the value of the dinar down was the US dollar…it’s a back door confirmation of what the intent is of what Iraq wants to do. They are cutting Iran off at the knees. It’s one thing if the CBI can scoop up those dollars and put them into the reserves…that’s a good thing but there is so much that they’re having a problem with it. And it will keep the value of the dinar down if they don’t tackle it.
______________________________________________________________
BGG – Article quote: “President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics…included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister.” Keep in mind…though high powered – this is a group of experts who got together and talked things over…(not the Gov of CBI or PM)…and are (or have) forwarding their idea(s) to Abadi…I am not sure “float” is the singular though – it is not impossible they could be talking about the IQD “going up”…My point is this – the translation “float” could be easily better “characterized” as “going up”…That is the STUNNER… [Do you think its possible they still haven’t decided how they are going to do this? meaning open to suggestions?] For sure – they haven’t even fully regained control of their own CBI yet… anything is possible. more than whatever it is they are saying – is the “weirdly coincidental” timing of these few articles coming out…right around this “period of reform” by Abadi…this seems to be a time of “rapid change” – so things could unfold very, very quickly.
______________________________________________________________
Frank26 – Tomorrow [Tuesday], YOU ARE GOING TO SEE UGLINESS…change is coming and it will be BRUTAL UGLY…BUT IT STARTED… The reform is going to be brutal starting tomorrow that’s necessary… This time this cleaning is really at a warped speed…we’re talking DAYS…and it’s leading us to OCTOBER 1ST. We feel that to be a deadline for the currency reform under the umbrella of the monetary reformations that lead to the lifting of the 000’s. [post 3 of 3]
______________________________________________________________
Iraqi Dinar/Dollar auction 18-08-15
Currency Auctions Announcement No. 3016
This daily currency auction was held in the Central Bank of Iraq on the 18-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 23 |
| Number of remittance companies | 5 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 241,038,417 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 241,038,417 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
______________________________________________________________
Poppy3 – TOLD YA’LL…WHAT THE OFFICIAL WORDS WERE AND NOT ANYTHING EVER BEEN SAID BY ANY OFFICIAL SINCE THEN…$3.22 PLUS UP TO 20% MORE FOR INFLATION WHICH COULD ADD UP TO .64 CENTS MORE. NOW FOR ALL THOSE THINKING THEY WILL COME OUT LOW AND GO UP ASK THEM TO SHOW YOU ANYTHING FROM THE PEOPLE THAT ACTUALLY HAVE Anything to do with setting the rate HAS SAID ANYTHING DIFFERENT. THEY CAN’T. IT’S NEVER HAPPENED…WOULD A LOW RATE BE $3.22 AND NOT ADD ANY INFLATION RATE TO IT? FOOD FOR YOUR THOUGHTS. …JUST THE FACTS…ONLY STATED FACTS BY THE DIRECT PEOPLE THAT SET THE RATE.
______________________________________________________________
Frank26 – Let me talk about a BLACK LIST…it’s about removing the 000’s. THEY CAN PUT THEM ON THE BLACKLIST – if we don’t see anything in a monetary reform change…the currency will be put on a black list – …if it doesn’t happen by Oct. 1st… it would be disastrous for the monetary reform… The international currency is the ONLY SOLUTION TO AVOID BEING PUT ON A BLACK LIST, IMO. There’s lots of soldiers that are in Iraq to protect the new government. It’s going to become a democratic country – Insurgents don’t like that hipocrasy as long as they work with the new government. Our boots on the ground is to protect a new justice that’s about to come to bear. JUSTICE….and the reinstatement of many reforms. [post 2 of 3….stay tuned]
______________________________________________________________
Kaperoni – Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” This guy is…saying we need to get rid of our 3 zeros notes and go with notes without zeros like the old days where 25 dinar was worth $75. There is not talk in the article on the process or how to achieve this and any talk of a LOP is stupid….Iraq is not a candidate for such an event. The plan has been very well documented, from the IMF, to economists to even the CBI. Relax!
______________________________________________________________
Round Table Chat w/BGG 8-17-15
Thanks to DinarRecaps.com for posting Round Table with BGG
BGG: Jubouri: We have no right to delete any name from Mosul report
BGG: The head of the parliament Saleem al-Jubouri, on Monday, the House of Representatives does not have the right to delete any name mentioned in the report of the fall of Mosul, while pointing out that the report was written neutrally and did not exclude a paragraph or a name and did not succumb to pressure…
BGG: This piece was all about the mention of Maliki as the key figure in the report.
BGG: he and his people wanted his name off it and those currently in charge wouldn’t take his name off…
BGG: Very cool piece.
Robl: Do we know where Maliki is at the present? Iran, Iraq?
BGG: I am suspicious – he may be in Iran.
~~~~
Read More: http://www.dinarupdates.com/showthread.php?17741-News-Time-with-BGG-8-17-15
______________________________________________________________
Frank26 – …on Tuesday our teams called us and said…the only way to get the MR [Monetary Reform] is for Mr. S [Shabibi] to come back! In my strong opinion, Dr. Shabibi has been the quarter back, but… Dr. S said two years ago I got kicked out by Maliki – do you think I’m going to come back while he’s there? Of course not. Six months ago, Abadi asked Dr. Shabibi to come back – but he said not under these conditions. Once I know the banks are secure and Aleck gone and get rid of Maliki’s son too…Dr. Shabibi said if you BUILD THIS FOR ME, I’ll be back…and I see that you’ve built what I want. …SOCIAL MEDIA, YOUTUBE…you can find “keywords” there…when you see “KEYWORD” substitute DR. SHABIBI…IMO. Speculation of Dr. Shabibi being arrested…That’s BS. [post 1 of 3….stay tuned]
______________________________________________________________
wmawhite – The discussion about what type of notes are used on the streets is totally different from a discussion about the yet to be announced international exchange rate. There will be one international exchange rate for the IQD which is only applicable outside the country. That will in turn determine the type and size of the note to be used in country. Folks, what you can take away from this discussion and that article is that the citizens are being told to expect changes in the currency they will use on the streets and why? Because, the IQD will be put on the world currency market and the new value of the IQD will affect the type of note they will use inside Iraq. Plain and simple. [If the IQD does float, will there be value added & then it floats or will it float from 1166? If it floats from 1166 will there be demand for the IQD at that level?] The CBI will never tell what they will do until after it is implemented. We will know the same time the rest of the world currency markets know. [post 2 of 2]
______________________________________________________________
Millionday – Article quote: “…economist member of the Baghdad forum Amer Jeweler for the purpose of implementation of the reform professionalism and rigorous and serious action to achieve meaningful actual results immediately reflected on the economy and the citizen and the future of the country…” JEWELER IS REQUESTING FOR ALL ECONOMISTS TO ABADI THAT THE BEST EXPERTS ARE IN PLACE FOR THE REFORM PACKAGE ACTIVATION SO NO MISTAKES ARE MADE. THE REFORMS MUST BE DONE PROFESSIONALLY ENOUGH THAT THEY PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY. [“PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY” and “LARGE FOOTPRINT (IMPACT)” These don’t sound like slowly rate increase to me; these sound like a…RV overnight.] IT SOUNDS LIKE THEY ARE HOPING FOR AND EVEN HAVE PLANNED FOR IN THE REFORMS A HUGE IMPACT TO THE ECONOMY —VERY ENCOURAGING AND EXCITING TO SEE THE REPORTS.
______________________________________________________________
Commercial Solicitation
______________________________________________________________
wmawhite – Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” …out in the communities the local shops take both the USD and IQD…they prefer the USD. Currently, the 25K is equal to $22.35, but the shop owners do not make change so they see the 25K note as $25.00. So that article was telling the citizens that they should expect to have additional purchasing power equal to $75.00 where it used to be only $25.00…additionally, they are being reminded that the large notes will gradually go away…but they will have 3 times the purchasing power. the CBI has over and over emphaized that the three zeros notes will continue to be legal tender…but has to [as the?] prices in the economy are reduced the need for the large notes go away and are replaced with LDs. [post 1 of 2….stay tuned]
______________________________________________________________
Kaperoni – Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” …there is no discussion in this article on the “process” which we know is not a LOP, but a gradual appreciation.
______________________________________________________________
Aggiedad77 – Article: “Investors Leery of Upcoming Iraqi Bond Despite New Credit Rating” When these bonds are floated onto the market my bet is they will be scarfed up as quick as they come into play…the Fitch rating if it still exists at that level will not hold back those who are interested in investing…this is a high stakes high risk game and there will be those rollers who feel the dice are hot in favor of Iraq right now and they will put big money into play for the potential to win big…bigger than seen in recent years…watch for it…times are exciting.
______________________________________________________________
(In support of economic reforms) Iraqi Center for information development economic workshop organized in coordination with the Office of the Prime Minister (Iraqi dinar to float and its influence on economy)
The Centre organized for Iraqi media development in coordination with the Office of the President of the Council of Ministers economic workshop (Iraqi dinar to float and its influence on economy) Monday 17-8-2015 and the Hall with the participation of the President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics where the workshop discussed the importance of promoting the economic reality of Iraq and its impact on Iraqi citizens as participants put forward several ideas and perceptions that the Iraqi Government can be included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister.
http://www.dinarupdates.com/showthread.php?17676-Economic-Workshop-discuss-Iraqi-dinar-to-float-and-its-influence-on-economy-8-17&p=127308&viewfull=1#post127308
______________________________________________________________
Poppy3 – Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75…” IN OCT. 2010 THE IMF POSTED ON THEIR WEB SITE THAT AGREEMENT WITH IRAQ WAS REACHED ON THE EXCHANGE RATE OF THE DINAR ( 4 YRS AGO ) OF $3.22 AND POSSIBLY UP TO 20% FOR INFLATION OVER THE TIME OF THE WAR WHICH HAS RISEN HIGHLY OVER THE LAST 4 YEARS. THIS IS OLD NEWS TO THOSE OF US THAT HAVE ONLY LISTENED TO THE AUTHORITY FOR INFORMATION. YES IT IS EXCITING TO SEE ALL IS STILL THE SAME AND NOW ACTIONS ARE SHOWING IT IS HAPPENING.
______________________________________________________________
wmawhite – Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75…” ...this is telling the citizens that the 25K note that is currently treated as $25 in the shops will be worth $75 in the future. This is very good.
______________________________________________________________
Millionday – [and so we care…why?] BECAUSE THE IMPACT OF THE REMOVAL IS ALSO THE EXCHANGE OF ALL DINAR — INSIDE AND OUT OF THE COUNTRY AND WILL ALSO DETERMINE THE EXCHANGE RATES TO ALL COUNTRIES. THE RESULT THIS BRINGS IS EXCITING TO US. THE EXCHANGE REGULATIONS WILL BE RELEASED — TIMING ETC THAT THEY HAVE SET — AND THE DINAR WILL BE SOLD FOR WHATEVER INTERNATIONAL VALUE THERE IS…THIS IS HUGE HUGE AS THIS IS ALL PART OF THE EXCHANGE OF THE DINAR. [when is the deleting of zeros going to happen?] THIS SAYS THE CONDITION FOR IT HAS BEEN ACHIEVED — SO ANYTIME ACCORDING TO THE REPORT. [post 3 of 3]
______________________________________________________________
Iraqi Dinar/Dollar auction 17-08-15 (no chng – as of Sat)
Currency Auctions Announcement No. 3015
This daily currency auction was held in the Central Bank of Iraq on the 17-08-2015
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 25 |
| Number of remittance companies | 6 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 250,535,253 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 250,535,253 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/blog/
______________________________________________________________
Millionday – THIS IS TO THE CITIZENS AND SHOWING THEM THE VALUE OF THE BUYING VALUE THAT WILL COME FROM THE REMOVAL OF THE THREE ZEROS — THIS IS A HUGE RISE IN IRAQ BUT IS NOT THE RELEASED INTERNATIONAL VALUE OF THE EXCHANGE RATE — IT IS AN EXPLANATION OF THE BUYING POWER OF THEIR DINAR IN COUNTRY AND IS HUGE…I DONT WANT YOU TO CONFUSE THE TWO THIS IS A HUGE LEAP IN THEIR ECONOMY AND WILL MAKE THE DINAR MUCH MORE POWERFUL BUT NOT THE MATH FOR THE EXCHANGE RATE HERE BUT THE RESULT IS THE IMPACT ON THE INTERNATIONAL RATES WHEN THEY ENTER THE MARKET ECONOMY — THAT DETERMINES THE COST OF THE VALUABLE DINAR TO EVERYONE AND THE PRICE OF EXCHANGE ETC GREAT — THIS IS GOOD NEWS BUT NOT A VALUE ON FOREX TO US OR ANYONE ELSE. [post 2 of 3….stay tuned]
______________________________________________________________
Millionday – THE DELETION OF THE THREE ZERO CURRENCY WAS SUPPOSED TO OCCUR 4 YEARS AGO… SHABIBI WAS SUPPOSED TO MOVE FORWARD WITH IT BUT WAS UNABLE TO HOLD THE PROPER POSITION TO ACTIVATE — NOW ANOTHER IS GOING TO DO IT…DUE TO >>>APPROPRIATE CONDITIONS —WHOOPOW. NOW HOLD YOUR HAT AND GET YOUR MATH HAT ON…HERE IT COMES… Quote: “He explained that “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75…” ACCORDING TO THIS IT IS SAYING 25K WILL BRING 75$ WITH THE EXCHANGE…NO GUARANTEES…IT IS NOT A PROMISE JUST A REPORT [post 1 of 3….stay tuned]
______________________________________________________________
BGG – Article quote: “He explained that “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” Did this guy just say 3:1? Sounds like what he is trying to say…Wow?!? Not that I agree – but that sounds like what he is saying. [why do you not agree?] current conditions…seems like a big jump… I am a spectator and will be happy with added value…My dream is added value – a move, because once it goes “we’re in”! and it is very odd timing this kind of OP ED by economists are coming out RIGHT AFTER Maliki is being dealt with…that is more curious to me than the numbers – the timing.
______________________________________________________________
Kaperoni – Article: “Economist: deletion of zeros from the currency will reduce the dollar traded in the local market” Quote: “He explained that “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” He wants a $3+ exchange rate.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Iraq probe finds Maliki, others responsible for Mosul fall
______________________________________________________________
Poppy3 – I LIKE HE HAS BEEN STRATEGIC IN HIS REMOVAL SO FAR. HE DOESNT MOVE TILL HE HAS HIS SUPPORT AND DUCKS IN A ROW. THATS GREAT. [And a major threat from the world bank.] WELL THE WORLD BANK HAS HISTORICALLY BEEN VERY LENIENT BUT THE PRESSURE IS ON TO SHOW ACTION. [At least Abadi is taking it seriously.] …HE IS AND HAS BEEN SERIOUS EVERYDAY SINCE HE TOOK OVER. HE HAD THE GOI AND PARLIAMENT WORK 5 MONTHS STRAIGHT WITHOUT A DAY OFF…SAID THEY WOULD NOT STOP PROGRESS TILL ALL IS COMPLETED INCLUDING ALL FINANCIAL REFORM INCLUDING THE NEW RATE. […after waiting all these years i have never felt more promising of this currency especially in the last year.] ME ALSO. [post 2 of 2]
______________________________________________________________
Jester – […is there any hope for the dinar? …is the dinar a scam like some are saying?] I NEVER SAID THAT… BUT I AM NOT ON THE BS TRAIN TELLING IT WILL HAPPEN TOMORROW EITHER…THERE IS…ALWAYS HOPE…BUT YOU GUYS HAVE TO LISTEN TO ME ON THIS…IT IS GOING TO BE A WHILE...I HAVE BEEN RIGHT ON THAT BEFORE…
______________________________________________________________
Poppy3 – VERY, VERY GOOD ABADI IS ELIMINATING OBSTACLES HE SHOULD HAVE DONE LONG AGO BUT WASNT POSITIONED TO DO SO TILL NOW. MOVES HAVE ALL BEEN IN OUR FAVOR. VERY ENCOURAGING DAILY. I AM RELAXED AND JUST WATCHING THEIR MOVES AND ACTIONS. [How long do you think it will be before they get rid of Alalak?] I AM SURE THAT WILL BE ONE OF THE NEXT MOVES. I THINK HE WILL NEED PARLIAMENT COMMITTEE AND MAYBE A VOTE (NOT SURE YET) I ALSO EXPECT HE WILL WANT A PERMANENT REPLACEMENT READY AT THE SAME TIME. WE WILL SEE VERY SOON I THINK. [post 1 of 2….stay tuned]
______________________________________________________________
CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1166.000 | 1164.000 |
| Euro | EUR | 1302.539 | 1301.887 |
| British pound | GBP | 1822.458 | 1821.547 |
| Canadian dollar | CAD | 891.574 | 891.128 |
| Swiss franc | CHF | 1197.371 | 1196.772 |
| Swedish krona | SEK | 137.614 | 137.545 |
| Norwegian krone | NOK | 142.548 | 142.477 |
| Danish krone | DKK | 174.525 | 174.438 |
| Japanese yen | JPY | 9.372 | 9.368 |
| Special Drawing Rights |
SDR | 1636.644 | 1635.826 |
http://www.cbi.iq/
Indicative rates – 08.17.2015
______________________________________________________________
tlm724 – Article quote: “Jubouri: The second package of reforms will contain detailed a lot of important decisions” Quote: “…al-Jubouri that the second package of reforms will contain a lot of detailed important decisions…that the second package of reforms will be more detailed, more mature and clearer than the first package, noting that this package will not be the last, but there will be a third package” …so three packages of reforms, didn’t think they could all they need to do in just one.
______________________________________________________________
Aggiedad77 – Article: “Economist: deletion of zeros from the currency will reduce the dollar traded in the local market” It would appear that we have a case of apples and oranges here…they don’t mix too well when put into a case…it was either designed for apples or for oranges, but as a mix, the lid just won’t close properly. We even see the use of Dr. S [Shabibi] name here…saying he was ready four years ago but the project was delayed as they awaited the correct conditions…then we witnessed the ouster of Dr. S from his position as Governor of the CBI and we believe opportunities have been squandered ever since. Well the time grows ripe again…will we see the return of Dr. S with the ouster today of keywords from his position as “acting” governor of the CBI…a job that apparently he hasn’t done too well in the eyes of PM Abadi. Remember who appointed him…the removal of the 000’s was Dr. S’s baby…his project…but not in this manner or fashion…only the truth in action here will set any of us free…and as part of that truth keep in mind this is one person’s opinion…and he is not a part of the process that will bring Dr. S’s project to fruition.
______________________________________________________________
firefly – This is a VERY complicated process. Watch for events not dates. […what events should we be watching for now?] I’m looking for the IMPLEMENTATION of certain laws…Necessary for the reform to succeed without flaw. [Mosal and Anbar, International Law, Tarriffs, Amnesty, Implementation…] and a few more! The anti money laundering law is crucial…Investment Law! Tariffs will probably be after the fact IMO. …the meeting last Saturday went extremely well! Everything started moving at lightning speed on Sunday correct? I’m focused on Abadi and the CBI…period… end of story. [how much time you think…?] I will not do dates or windows…but SOON has an entirely new meaning now IMO.
______________________________________________________________
“Sunday PM Dinar” Call!!
“for Dinar News – that MATTERS!!”
from Sunday – 8/16 @ 5:00pm CST
Click banner on mid-right of page!!
Smart phone user link – Click here
______________________________________________________________
Millionday – THEY ARE TELLING THE CITIZENS THAT HUGE CHANGES ARE COMING FROM THE REFORMS FOR THEM. …ABADI SAID THERE WAS ANOTHER SET OF REFORMS COMING HOPEFULLY SATURDAY IF I REMEMBER CORRECTLY. …WE KNOW THAT THE CITIZENS HAVE BEEN DEMONSTRATING FOR A LONG TIME DEMANDING THE REFORMS. [is it Sat as today Aug 15th? or Sat as Aug 22nd?] I BELIEVE THIS SATURDAY — I DONT SEE ITS ANNOUNCEMENT HOWEVER.
______________________________________________________________
tlm724 – …the second package of reforms that Prime Minister Haider al-Abadi wants to implement, will be launched very soon, where he is currently being prepared for this package, and that will not be the last…more reforms coming! …with the full backing of the supreme religious leaders and the judiciary he will get this done!
______________________________________________________________
Frank26 – ...Told You already that IMO DRS [Dr. Shabibi] will soon return …Come back to the CBI. IMO…”Wait for it.” He will make the loudest explosion soon enough. He is not in Iraq at the moment.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Jubouri confirms Parliament will deal with the report of the fall of Mosul, at next meeting
______________________________________________________________
tlm724 – Article quote: “Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files” I have been waiting for this! Quote: “According to these sources Haider al-Abadi has emphasized on opening the corruption files of Ahmad Maliki, the son of Maliki. Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered…” that doesn’t mean it’s so but we need to watch for any further developments! all institutions are under the spot light and lets not forget that Maliki appointed Ali Alak as CBI governor after Turki.
______________________________________________________________
Millionday – Article quotes: “Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files regarding Nouri Maliki and Baha al-Araji.” “Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya.” SO OBVIOUSLY WE WILL HAVE TO SEE WHERE THIS GOES — SO I WILL SAY THE ONLY WAY THIS CAN BE VERIFIED IS THROUGH ACTION. [Did I read that correctly!? “Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered…” I thought Abadi helped Dr. S to get out of charges late last year?] THE HEAD OF CBI IS APPOINTED BUT WE HAVE SEEN THIS BEFORE — WE WILL HAVE TO SEE WHERE IT GOES WITH SHABIBI — I CANNOT VERIFY THIS.
______________________________________________________________
After his dismissal State law turned on Al-Maliki. It acknowledges responsibility for financial budgets and loss!!
Mp State law Nicole, the previous Government led by former Prime Minister and Vice-President of the Republic article Nouri al-Maliki responsible for strained state budget, at the same time revealing the presence of 300 in the State Constitution, have been distributed.
Al-kinani said in a statement: “the decisions of the Government and parliamentary reform has two dimensions, economic dimension because it represents a step towards addressing the SAG of the administrative and financial functioning of the State institutions including the Government itself, as well as another political dimension of such decisions will pave to cancel quota confessional that has made the country a standstill.”
“Prime Minister Haidar Al-Abbadi decisions timely and represent a genuine response to the will of the masses and in line with the directives of the good religious reference”…
http://www.dinarupdates.com/showthread.php?17576-Post-sacking-State-Law-turns-on-Maliki-acknowledge-financial-loss-responsibility-8-15&p=127113&viewfull=1#post127113
______________________________________________________________
BGG – [How long do you think it will take to remove Alak?] that is the last piece of the puzzle – if you are asking me – doesn’t sound like long…there was also a SCATHING PIECE about Alak being a child and not at all qualified to be the Gov of the CBI. Quite honestly – the happenings in Iraq are breathtaking…there is a lot going on all at once. [The next week will be interesting to see how CBI plays out.] the next week should be very interesting indeed.
______________________________________________________________
Millionday – [Do you have any idea when they will implement the border tariffs and the International Bonds?] THEY HAVE STATED THIS MONTH BUT THE BEST WAY TO BE SURE IS TO WATCH IT HAPPEN IMO.
______________________________________________________________
firefly – IMO Abadi and Shabibi are in the same boat. Each is paddling in unison towards one goal. Remember…it was Abadi that forced the courts to remove all previous charges brought on Shabibi from Maliki. Shabibi has NEVER been OFFICIALLY replaced…just a bunch of proxy (fillers) for the position. …according to the old constitution…the CBI Governor had to be voted in by Parliament. Maliki to my understanding never had the power to appoint a permanent Governor.
______________________________________________________________
Millionday News Time – 8-14-15
Thanks to DinarRecaps.com for posting Millionday News Time
Millionday: Hashemi achieved implementation of a monetary policy tools, represented by auction remittances, by the Central Bank to redirect the amount of about 3 trillion dinars in the track planned by withdrawing liquidity from non-banking sectors and redirected to the banks for the purpose of the launch of the loans and the granting of advances as well as Banking other.
Millionday: NOTE — THE FUNDS WE READ ABOUT FOR BANKING HAVE BEEN SENT TO BANKS FROM CBI
~~~
Read More: http://www.dinarupdates.com/showthread.php?17569-Millionday-News-8-14-15
______________________________________________________________
Millionday – [So what part is yet to be done before they are ready to do the RV. I mean where do we fit in the scheme of things?] ONE OF THE REPORTS WE HAD ANNOUNCED THAT WITH THE REFORM LAW BEING PASSED THE IMPORTANT LAWS WERE PASSED TOO — SO AT THIS POINT MANY THINGS ARE NOT BEING RELEASED — WE DONT HAVE A DATE OR RATE AND HAVE NOT HAD ONE OR A GUARANTEE BUT — SO MANY THINGS HAVE MOVED FORWARD FROM WHERE WE WERE — HUGE PROGRESS.
______________________________________________________________
Mnt Goat – I believe Abadi has a new target – that of the Judiciary and Court System of Iraq. Abadi must deal with the judiciary now in order to get some of these other laws passed and properly deal with much of the corruption. So how do you judiciously deal with corruption in your ministries if the court system itself is corrupt? …Iraq had to be sorted out by Abadi and priorities placed, a plan was designed. He is taking on one bite at a time and being cautious. He now has support (and continues) to have support of the citizens in this work that lays ahead. We know without a shadow of a doubt that there will be no RV without Amnesty and other laws. This is given facts to us. So to get these needed laws implemented Abadi must clean up the crocked judiciary system (as well as his ministers). Abadi has gotten momentum from the protestors and so it is time now to move forward on these judicial reforms and we should all be jumping up and down with joy. We have waited soooo long for this to happen.
______________________________________________________________
Millionday – TRADE AGREEMENT WITH BRAZIL NEXT WEEK — IT WILL BE INTERESTING TO SEE HOW ITS CALCULATED ETC WITH ITS IMPACT ON RATIONS. [I am wondering what currency they are signing the agreement in…?] IT WILL BE IN DINAR — THE NEW REGULATION IS DINAR ONLY. THE AGREEMENT IS GREAT NEWS AND ALL THAT IS GOING ON INCLUDING THE REFORMS — BUT WE DONT HAVE A DATE OF NEXT WEEK — THIS IS WHEN THEY WILL MEET TO SIGN THE AGREEMENT — BUT GREAT NEWS –PROGRESS.
______________________________________________________________
Just a reminder – some time ago we quit posting “sources” we believe to be intentionally fraudulent – going back to Turbo Tony… If you don’t see them posted here…
______________________________________________________________
Throwback Thursday
The Exchange Rate of Foreign Currency in Economic Feasibility Studies
Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.
Estimate the shadow price of foreign currency:…
3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
Read More: http://dinarupdates.com/blog/
______________________________________________________________