Mnt Goat – Dinar Guru   Article quotes:  “The Board of Directors of the Central Bank today issued an important statement in which it noted THE CONTINUATION OF ITS EFFORTS DURING THE PAST YEARS TO ACHIEVE ECONOMIC STEADFASTNESS IN THE CIRCUMSTANCES OF IRAQ AND FACED ECONOMIC AND SECURITY SHOCKS.”;  “…the central bank WILL WORK WITH CARE AND DEDICATION IN ORDER TO ACHIEVE STABILITY IN THE FINANCIAL SYSTEM AND THE MONETARY SYSTEM IN THE NEXT PHASE...”   WHEN THE CBI TALKS I LISTEN…They keep talking about the “next phase” .  So what is this next phase? There has been articles on this phase…and according to them it is a 5 year plan (2018-2022) with continuation of the reforms including the monetary reforms, which we know is the project to delete the zeros.

Mnt Goat – Dinar Guru  Article:  “MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY”   Article quote:  “The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives.”   I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.

Mnt Goat – Dinar Guru   Abdel-Mahdi is sworn in…as the new prime minister along with 14 of 22 ministers.  Remember the CBI NEVER came out and directly told us they would reinstate or RV the currency after the elections process was over. This was assumed from what they said to us back in April. So no one really knows for sure just how long this might take.

David M. Witty – Dinar Guru   Sources near Iraqi Oil Ministry:   Iraq will stop exporting Kirkuk’s oil to Iran in November to coincide with new U.S. sanctions.

Mnt Goat – Dinar Guru   So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury.  What is the latest count based on this procedure?   …the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. …Even with the gift giving, the US Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process…

Frank26 – Dinar Guru   …the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.

Chattels – Dinar Guru   So, it would appear that Iraq has a new government. The government is ” incomplete ” ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is ” functional “, i.e., there is a majority which enables the Cabinet to meet / act / govern.

David M. Witty – Dinar Guru   Iraq’s 8 unfilled minister positions to be voted on by Parliament on 6 November. 

Kaperoni – Dinar Guru  Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy.  I’ve always felt this consultation will occur before any significant monetary change.  If you go back and look at last year’s Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business.  Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually.  And…due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.

Adam Montana – Dinar Guru   There have been times in the past where I mentioned that we have a “couple weeks” or some other amount of time where I definitely didn’t see anything happening.  Now is not that time… Anything can happen right now.  The only issue I see right now is the final seating of the new members…It is a REALLY good feeling to be able to say the “only thing” holding us up is a finalization of the new GOI, which is proceeding very smoothly! 

Walkingstick – Dinar Guru   [News is saying it’s OFFICIAL!!!   Mahdi is PM!!!]  Yes, Mahdi and 14 ministers according to articles… Parliament in recess, Nov 6th.

Urgent: Abdel-Mahdi sworn in!!

During a special session in Baghdad, Iraq’s Council of Representatives (parliament) approves candidates nominated by PM @AdilAbdAlMahdi
for membership of the new Council of Ministers

Via Twitter: mobile.twitter.com

Kaperoni – Dinar Guru   So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq.  There will be some twists to this but Mahdi is officially the new Prime Minister.

MilitiaMan – Dinar Guru   This was all done on Abadi’s watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform.  They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future.  They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it’s success.   Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call?  AMF…here! World Bank…here!  Iraqi Private Banks…here!  CBI…here! Ok. Everybody is here…let’s begin!!!  [post 2 of 2]

Legal expert: Abdul Mahdi’s government has become constitutional

{Baghdad: Al Furat News} Legal expert Jamal al-Asadi confirmed that the government of Abdul Mahdi has become constitutional. Al-Asadi told the {Euphrates News} that “once the swearing-in of ministers becomes Adel Abdul Mahdi, the Prime Minister officially.”
“The list of 14 ministers broke the legal period and became prime minister free to form a new government.”  “The swearing-in does not require a legal quorum, and officially Abdul-Mahdi became prime minister,” al-Asadi said

Source: Alforatnews.com

MilitiaMan – Dinar Guru   Article    “The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability”   Here we go! The hand off is about to occur!  The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as Walkingstick has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future.  They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions!   [post 1 of 2….stay tuned]

Chattels – Dinar Guru   Article quote:   “…the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime.”  The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.

Statement issued by the Board of Directors of the Central Bank of Iraq

In line with the development of the democratic process in Iraq and the resulting rotation of the authorities in a positive and stable atmosphere, the Central Bank of Iraq looks forward to continue to play its pivotal role in building the state to improve the financial and economic situation in Iraq.

This optimism is supported by a strong financial reserve exceeding US $ 60 billion as a result of the fiscal and monetary policies adopted by the Central Bank over the past years to stabilize the general financial situation, especially in 2014 and the years that followed, with financial conditions at their lowest levels. These years, which brought data threatened the ability of the state to cover the operational expenses and salaries of employees.

However, despite the difficult circumstances of low oil prices and the high cost of Iraq’s war against the terrorist campaign to liberate its territory, the central bank continued to manage the country’s reserves sufficiently to meet international standards and to strengthen the country’s financial capabilities Not less than (16) trillion dinars in the form of remittances discounted, which led to support financial stability and contribute effectively to overcome the crisis. As a continuation of the central role of the central bank as a pillar of the country’s economy, a positive improvement in oil prices coupled with sound fiscal and monetary policies will enable the Iraqi government to pay early remittances and increase the value of reserves to higher levels.

The central bank’s monetary policy will continue to play an active role in maintaining exchange rates and reducing the gap between official and market prices under highly complex internal and external circumstances. This is in addition to playing a central role in controlling the inflation rate and reaching the low levels of less than (1%) to maintain the general level of prices and attract investment.

As the central bank ensures the safety of the financial system, it will continue to play this role and more effectively in the next phase as the bank of the State to promote the Iraqi economy and support for reconstruction and investment efforts, which was the implementation of the largest lending initiative for the housing sector has exceeded two trillion dinars and other lending programs .

Board of Directors

Baghdad

Read More: Cbi.iq

Phillyman – Dinar Guru  Article:  “Iraq’s Sadr rejects secret vote for new cabinet”   Quote:  “Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup.”  How can you blame him with all the corruption that has taken place?  Sadr does not like the “secret vote” but it looks like it is still on for today.

ChrisC – Dinar Guru   ...Do the people know they are going to be revalued?  Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn’t be confused with the new design. I remember when the new 100 bill came out here.  It was a little of a surprise to see it but in a few days it was no big deal.  I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency…

David M. Witty – Dinar Guru   Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki’s request to make Malaki’s son in law minister of Youth & Sports. Also turns down Maliki’s request for Dawa Party member to get Oil Ministry.

Delta – Dinar Guru  Nov. 4th Iran sanctions – toughest ever…SWIFT will be disconnected… cannot wire money or use USD.  IMHO…CBI knows exactly what will happen…needs to act fast…IQD attractive right now…more demand on IQD now! Iraq is all the focus right now “Babylon is going to rise”…All eyes on Iraq…will be very successful!

Phillyman – Dinar Guru   Article:  “Parliamentary signatures to pass Abdul Mahdi’s cabin through secret ballot”  Quotes:  “…the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination.”;   “…the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote.”   Some in the dinar world suggest that the monetary change is tied to the formation of the new government.  Making the leap that this article is true it looks like that may be delayed a little.

Bloodloch – Dinar Guru   […how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our ‘tasty treat’ preferably (but unlikely) before Halloween?]…  I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I’m not predicting as much. …As for how they’ll turn those trillions into billions, that’s the crux of it, the secret sauce so to speak.  The fact that the CBI hasn’t announced the details yet means it’s probably a secret.  Whether I’m right or wrong, …doesn’t really matter. I’m waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I’ll know for sure. Until then, it’s still in play. The release of those very low denominations. That’ll be our confirmation one way or the other. 

Mnt Goat – Dinar Guru   I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy.Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019.

Bloodloch – Dinar Guru   There are reports of recent IQD talk from an Iraqi economist along the lines of “We should equal the US dollar.”  If true, this is precisely what I’ve been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens.   And if that’s true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency?  Within that answer may lie both the trick and the happy treat.

Abdul-Mahdi to Announce Cabinet Line-up This Week

ERBIL — The incoming prime minister of Iraq, Adil Abdul-Mahdi, is expected to announce the line-up of his new cabinet on Wednesday this week, a media source said.

The list of suggested ministers would be presented at the parliament for legislative’s vote, according to Shafaq News. However, it will only consist of 15 ministers.

Reports revealed that the main ministries of oil, finance, interior affairs, foreign affairs, planning, and defense would be finalized later as political factions have not yet reached an agreement on who will be appointed to the positions.

It is claimed that Abdul-Mahdi’s cabinet will at least have 11 to 13 ministers without political affiliation to a certain political party, what the cabinet insists to name as “technocrats”.

Source: Basnews.com

Chattels – Dinar Guru  [will they make the 24th deadline?]  The 24th is Mahdi’s target date. The constitutional “deadline” is November 2/3.  News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list.  Every nominee on the list must be voted upon by Parliament individually.

Frank26 – Dinar Guru   Here’s another question that my bank friends asked: Your intentions to reinstate the currency…is this correct? To which Mousawi said:  We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please… Notice the ADMISSION…that it is in progress right now and SOON… to be released.   [post 3 of 3]

Frank26 – Dinar Guru   …Mousawi…that has worked with the CBI for many years, he has to be very careful how he answers the questions.  Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated.  They responded…that the process…”…is “on-going” with the CBI. It is in motion right now.  That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency…as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed.    [post 2 of 3….stay tuned]