Chattels – Dinar Guru   Article quote:  “The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires,”   The constitutional deadline expires on November 2/3 depending upon the news that one reads.

BGG   Article:  “Commission likely to announce the final results of the parliamentary elections by this date”  Quote:  “The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days.”  There is a reason they haven’t been very forthcoming with these results… we shall soon see why.

BGG ~ If anyone is trying imply I am referring in anyway to an RV – that is not at all my reference. My comment was directed towards the discord in and of reshaping of Kurdish internal politics.

Shia leader threatens to investigate former Iraqi prime minister for corruption

The Iraqi Shia cleric and prominent political leader Muqtada Al-Sadr has threatened to investigate former Prime Minister Nouri Al-Maliki for corruption, Arabi21.com reported yesterday.

Sadr’s Spokesman Sheikh Salah Al-Obeidi said the “thieves” would be held accountable, in addition to Al-Maliki’s men, “who brought back the thieves to Iraq and covered up their corruption”.

“The abundance of corruption crimes during the past years does not mean that crimes committed against the Iraqis would be abandoned,” he announced.

The spokesman concluded: “There is a lot to reveal in the coming days.”

These remarks came after a tweet posted by the head of the National Movement for Development and Reform party, Jamal Al-Karbouli, in which he called for the people who preach morals to teach themselves before teaching others.

The veiled comment was directed at Al-Sadr after he launched an appeal calling for people to ignore the sectarian partition of the government and allowing the designate prime minister to choose technocrats for his government.

Source: Arabi21.com

Mnt Goat – Dinar Guru   Article quote:  “…the Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund (now 20 trillion dollars (not dinars) will be launched next year 2019 after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly.”  Talk about “financial stability”? WOW!

Breitling – Dinar Guru …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed.  If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do.  That’s what they want.  All of a sudden it’s a big deal for Iraq to revalue because they can benefit from it. Why?  Because their country is being shut off from the world.  That’s a huge plus for us.  You should be excited.  I’m not kidding, you should be very very excited because it means something.  Now what’s the rate and what’s the date it’s going to come out?  I haven’t got a clue…  [Post 2 of 2]

Kaperoni‏ – Dinar Guru  Another article states…Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let’s hope

Breitling – Dinar Guru  If I see there is no path at all.  I have no problem of telling you, ‘Hey guys this probably is not going to work out.’  I have absolutely no problem telling you all knock it off and get out.  I’m not emotionally, physically, anything,attached to this.  I’m speculating and I’m watching the numbers.  Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to.  And you guys know why…  because I’m showing you the numbers.  I keep going over it over and over again.  Absolute confidence. [Post 1 of 2:  Stay tuned for the rest of the story]

Chattels – Dinar Guru  Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.

Sadr’s spokesman reveals the opening of files, “Maliki’s corrupt system and the accounting of theft”

Shafaq News / Salah al-Obeidi, a spokesman for the leader of the Sadrist movement Moqtada al-Sadr, on Monday, the files in the “corrupt Maliki’s system,” stressing the need to open and “Accountability of theft.”

“The large number of files of corruption in previous years does not mean that crimes committed against the Iraqi people are left,” he said in a statement.

He added that “of these files funds leaked by the Red Crescent before 2010 when the administration of Jamal Karbouli.”

“It is very important to open these files and hold the scourge and hold accountable the corrupt Maliki regime that returned the siphon to the country, and covered their corruption in suspicious political deals in previous years,” he said, noting that “the days are pregnant with events.”

Keywords: Shafaaq.com

Mnt Goat – Dinar Guru   Article quote:  “The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.”  2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).

Breitling – Dinar Guru  Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter.  That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country.  It’s their currency.  It’s not a scam.  It’s a country’s currency…this is a legitimate opportunity.  We are speculating on the time and the rate.  It’s nothing but pure speculation… It’s the CBI.  They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency?  That they have no plan at all to add value to their currency?  What about the Ministry of Finance?  What about the Ministry of Planning?  What about Parliament?  That kind of narrows it down.  You have four solid entities that you can watch…that you can get a bearing.  It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal! 

Mnt Goat – Dinar Guru  We know that much is changing… There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever…It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar…

Shredd – Dinar Guru   Article:  “Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars”  Quote:  “The Central Bank of Iraq, on Thursday, that the deletion of zeros is still in place, indicating that the amount of cash mass in the market is 44 trillion dinars.”   Great to see this. We’ve talked a ton about this over the past several years. If this project continues, that means sufficient stability is achieved and that’s exciting news.

Bloodloch – Dinar Guru   Article:  “CBI: No intention to withdraw new currencies”  Quote:  “The bank stresses that efforts are continuing to introduce more small paper classes…”   More small classes. Plural. Fascinating.

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]