The Central Bank calls for companies to mediate to merge and identify a number of points

Twilight News – The Central Bank of Iraq called on companies to broker the sale and purchase of foreign currencies to merge to form a single banking institution, based on the Companies Law No. (21) for the year 1997 amended.

The bank said in a statement that in light of its goal of achieving financial and banking stability and creating a competitive work environment, it calls on companies wishing to merge to form a single banking institution based on the amended Companies Law No. (21) of 1997, indicating that this process will create the strong possibility of providing these institutions with rapid growth and that the formation of a larger entity covers services more broadly commensurate with the size of the merged institution and thus access to financial services broader by the Central Bank commensurate with the size.
He explained that the merged companies will be classified according to the request submitted by them and will depend on the granting of privileges according to the merged category and as follows: …

Read More: Dinarupdates.com

Don961 – Dinar Guru    [In this article it states “Abdul Mahdi has 30 days to form his government and is likely to succeed” When did the 30 days start?]   Nov. 3 is the end of the mandate to form a cabinet … it can be satisfied any time before that of course.

Sandyf – Dinar Guru   Article quote:  “Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime.”  That was a quote from an article being discussed a few days ago.  I said a while back that there were indications from outside dinarland of something positive this year and that is still the case.  …Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.

Chattels – Dinar Guru   Article quote:  “The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24.”   So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.

Currency365 – Dinar Guru   Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly…#iraq got money like crazy but pretend they poor lol

Breitling – Dinar Guru   …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash!  Because it means nothing.  Remember, the authority comes from the CBi.  If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes?  Like a 1000 note or the notes that are already out there that we have?  There is nothing wrong with that.  They gotta replace the currency sooner or later with new currency.  This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq – SUPPOSEDLY!  Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance.  So that’s pretty much it.  You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it.  That’s the CBI.  Nothing in these articles say they’re in line with these entities…  

MilitiaMan – Dinar Guru   Article:  “University of Ceyhan to host a symposium on the Iraqi currency next Monday”   Quote:   “the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers.”  A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means.  An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn’t mind the Alak signature on the currency, just get it to, or at least 1:1…

Breitling – Dinar Guru  Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago.  They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right?  That’s what’s happening.  This whole thing has to do with what Iran can have access to.  They basically look at Iraq as their piggybank.  So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’  It’s not just small talk…They are trying to add value to the currency. 

Sadr: The time has come to live together safely away from the dagger of betrayal and corruption

(Baghdad: Furat News) called the leader of the Sadrist movement, Moqtada al-Sadr, the Sunnis of Iraq and their politicians to leave the quota and live together away from betrayal and corruption.

Mr. Sadr said in his twitter on the social networking site {Twitter} today, “I accuse you of our honest resistance to the occupier and Isthlvkm united prayers and Isthlvkm to expel us to anyone who assaulted you without right and Isthlfkm our position, which Azertk in the hour of hardship and Ifthalfkm our positions moderate with you, especially in Mosul and Anbar and others, “I prayed with your blood in your occupied provinces, but you did not leave quotas, divisions, sectarianism and quotas.”…

Read More: DinarUpdates.com/blog

Kaperoni – Dinar Guru   Do y’all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki.  What I mean by that is all of the complaining that he didn’t have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks.  I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI’s attempt to develop banking and engage it with the world’s financial system.  Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years.  I hope I’m wrong and this is something that blows over in a few days and we can get back to taking steps forward.

G-Lin – Dinar Guru   Maliki has been the biggest resistance to the monetary change since 2010.  I think this new parliament may take Iraq in a new direction. JMO.

Sandyf – Dinar Guru   “Delete the zeros” or redenomination will take some time to prepare for implementation, usually about 2 years. In the meantime there are positive indications for a very good Christmas.

Frank26 – Dinar Guru   So the next part we’re looking for…and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank.  It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions…  It’s even going to explain to them why they are reinstating their currency.

Bloodloch – Dinar Guru    If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won’t be, don’t panic.  There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.

Delta – Dinar Guru   For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news!  This is a brilliant idea.  Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now.  [post 2 of 2]

Delta – Dinar Guru   We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point.  It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be.  [post 1 of 2….stay tuned]

Detecting a major economic boom in the 2019 budget

BAGHDAD / The economic expert on behalf of Antoine on Thursday revealed that the initial draft of the budget law of 2019 included a major economic boom for the country by increasing investment expenses at the expense of operating expenses, which contributes to the increase of work and attracts large hands.

Antoine told “Iraq News” that “the fiscal budget of the country for the year 2019, included an increase in investment expenditures by 32 trillion dinars, pointing out that this increase has become this budget more than current operating expenses, which is contrary to the budget of 2018, which was operational higher Of investment “…

Read More: DinarUpdates.com/blog

Mnt Goat – Dinar Guru   Article:  “CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM”   …We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January…   So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.

Currency365 – Dinar Guru   Al-Khakani  [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars…

Frank26 – Dinar Guru   …the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. …In other words…in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING…right before our eyes!  And all because, the Final Suitable Environment has been established within that government.In my opinion.   [post 2 of 2]

Frank26 – Dinar Guru   Remember…I told you that the most important thing for us is to see that the Lower Denoms’ get replaced…Because they’re worn and torn…And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold…What did you see…An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! …We really felt that it would be this week, that they would release the lower denoms…the 250, the 500, the 1000…But…   [post 1 of 2….stay tuned]

Bloodloch – Dinar Guru   What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term “less is more” more profoundly appropriate.  [post 2 of 2]

Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars

Alsumaria News / Baghdad – The Iraqi Central Bank said on Thursday that the deletion of zeros still exists, indicating that the amount of money supply in the market of 44 trillion dinars.

The release manager lockers agency Abdul Karim Hassan Shannon in an interview with Alsumaria News that ” the project to delete the zeros of the Iraqi currency is still valid , ” adding to that ” the project was supposed to initiate during 2014 , but the control of the organization Daesh five provinces led to Delay it. ”

“The project to delete the zeros is to delete three zeros from the current currency with the introduction of large currencies and the introduction of coins for the dinar parts.”…

Read More: Dinarupdates.com/blog

Bloodloch – Dinar Guru    quote:   “…the day the reinstatement occurs and the rate changes they are NOT dropping the three zero’s and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes.”   I agree 100% with Mt Goat’s statement.Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. …some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all.   [post 1 of 2….stay tuned]

Mnt Goat – Dinar Guru   …It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. …They then will have to raise the rate once the economy and political environment is “suitable” to do so.   [post 2 of 2]

Mnt Goat – Dinar Guru   …the day the reinstatement occurs and the rate changes they are NOT dropping the three zero’s and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.”   [post 1 of 2….stay tuned]

MilitiaMan – Dinar Guru    Article:   “Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar”    I wouldn’t be surprised that tomorrows meeting in parliament, with Mahdi, Alak and CBI Board members could not only pave the way for new small categories, but, a new seated CBI Governor.. Take a bow Alak… lol Just thinking out loud…He did get a recent award for doing a fine job??   Now he has his name on the Currency.  I don’t buy that was a mistake or even will be costly for him.  In fact, it looks more like it was planned, as the CBI board would know the legalities of such a move and knew of the consequences of their actions.  I pray those consequences are one nice new internationally recognized rate less a few zeros… imo Lets let the dust settle from tomorrow and see if they expose the new smalls once the banks in Iraq close, like they did last Thursday.. I like Sundays too.. lol.

Frank26 – Dinar Guru   Article:  “Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar”  THE KEY IN THE ARTICLE IS THE AVOWAL OF A…1 TO 1!!!  IMO…ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY…BUT HE DOES NOW…WHY?  BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY…AND HE NOW WANTS TO BE A PART OF IRAQ’S HISTORY…FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!!  ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS…(wink)  THE TIMING OF THE REASON…THE KEY.

Economist: Putting the name of the governor on the currency is universally recognized

Economy News Baghdad: The economic expert Hussein al-Khakani said Wednesday that the issue of placing the name of the governor and signing it is universally recognized, while stressed the need to shine with the issuance of small currency…

…He added: The second edition of 100 dinars, which is of the economic aspect is very important that the smallest currency in the country is 250 dinars and when buying small purchases by the facilitators less than 250 there is no smaller currency to return to the consumer by the seller and this causes extensive financial damage to the consumer.

Read More: Dinarupdates.com/blog

Adam Montana – Dinar Guru   …PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? …and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before – the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text…you might miss it! I’m ready at a moment’s notice…are you?   [post 3 of 3]