{"id":15098,"date":"2018-02-16T17:46:08","date_gmt":"2018-02-16T23:46:08","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=15098"},"modified":"2018-02-16T17:51:20","modified_gmt":"2018-02-16T23:51:20","slug":"dinar-observer-daily-feb-16th-3","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=15098","title":{"rendered":"DINAR OBSERVER DAILY \u2013 Feb. 16th"},"content":{"rendered":"

COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK<\/strong><\/span><\/h1>\n

The Commission on Reconciliation, Accountability and Justice in the House of Representatives, that next week will see the announcement of the names of about 5,000 people included in the seizure of funds.<\/p>\n

The head of the committee Hisham al-Suhail told the news agency, “The Supreme Commission for Accountability and Justice ended the names of all those involved in the seizure of funds,” noting that there is some delay from the Secretariat General of the Council of Ministers not to form a special committee, calling for the urgency of issuing instructions and the formation of the Committee through an approach The competent ministries shall designate the general directors who shall form the committee.<\/p>\n

Al-Suhail, who is covered by the decision to hold the money, estimated about 5,000 persons, while the names of tens of thousands will be issued and they can be disposed of afterwards.<\/p>\n

Read More:\u00a0http:\/\/www.dinarupdates.com\/showthread.php?56297-Announce-the-names-of-5-000-people-included-in-the-seizure-of-funds-this-week&p=181258#post181258<\/a><\/p>\n

(Special thanks to Vernell)<\/strong><\/em><\/p>\n

BGG ~ Funny how that works… about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.<\/em><\/span><\/h2>\n

According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.<\/em><\/span><\/h2>\n

P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…<\/em><\/span><\/h2>\n

It is critical to Iraq’s long term success to get a handle on the endemic corruption.<\/em><\/span><\/h2>\n

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Breitling\u00a0(Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0\u2026What\u2019s the trend that\u2019s coming out?\u00a0 I\u2019ve been getting emails from people asking, \u201cHey can you recommend a place to buy currency because I went to this trader and they don\u2019t have anymore?<\/em>\u201d \u2026I started getting more and more emails\u2026The reality is everyone is running out of dinar<\/strong><\/u>\u2026I waited and waited to actually find out…from the guys who actually ship the currency over here.\u00a0 There are only three sources that ship the currency over here.\u00a0 And I found out they have no problem at all getting dinar\u2026there\u2019s no laws preventing them from getting dinar.\u00a0 No one has said anything to them.\u00a0\u00a0They have a shortage.<\/strong><\/u>\u00a0 Do you know what that means?\u00a0\u00a0That means they reduced the note count down that much.\u00a0 It means everything!\u00a0<\/u><\/strong>\u00a0[Post 1 of 3 ]
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Breitling (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0…Those numbers reflect\u2026Do I have the exact number?\u00a0 No\u2026I can tell you when I got into this investment they had about 9 billion notes.\u00a0 \u00a0 And that\u2019s the information I got from the IMF when I researched this<\/u><\/strong>\u2026so it went from 9 billion notes to 15 billion notes\u2026I was like holy crap it\u2019s not going to revalue when it gets this high.\u00a0 But guess what?\u2026they said they were going to reduce the note count and they finally did.\u00a0 The last report was 4 billion notes<\/u><\/strong>.\u00a0 And I don\u2019t know why they put that report out because you\u2019re not supposed to do that\u2026.The reason why it got so high was coming from General Petraeus\u00a0and these guys \u2026they were saying they\u2019re trying to keep the value down, cheap<\/u><\/strong>, so they could rebuild that country.\u00a0 [Post 2 of 3 ]
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Central Bank of Iraq Auctions $198,173,094 on 15 February 2018<\/span><\/h1>\n

Baghdad (IraqiNews.com)<\/strong> The Central Bank of Iraq (CBI) currency auction on February 15 registered $198,173,094 in sales, a 8.69% volume increase from the US $182,320,645 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 14.<\/p>\n

The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 15 compared to the previous auction.<\/p>\n

Data for the February 15 auction was made public by CBI Announcement Number 3636.<\/p>\n

Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.<\/p>\n

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.<\/p>\n

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Read More: http:\/\/www.dinarupdates.com\/showthread.php?56268-Central-Bank-of-Iraq-Auctions-182-320-645-on-14-February-2018&p=181224#post181224<\/a><\/strong><\/em><\/p>\n

BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.<\/em><\/span><\/h2>\n

So, obviously, that’s not true… so what is it?<\/em><\/span><\/h2>\n

Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.<\/em><\/span><\/h2>\n

I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.<\/em><\/span><\/h2>\n

Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.<\/em><\/span><\/h2>\n

Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.<\/em><\/span><\/h2>\n

So…<\/em><\/span><\/h2>\n

1) Fewer auctions?<\/em><\/span><\/h2>\n

2) Tightening borders (fewer exports)?<\/em><\/span><\/h2>\n

3) More demand? I sincerely doubt it.<\/em><\/span><\/h2>\n

4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.<\/em><\/span><\/h2>\n

Hence, the price goes up.<\/em><\/span><\/h2>\n

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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Maliki – that’s an interesting topic right now. I think he’s backed off of the “old Maliki” style considerably, and Abadi is no fool. He’s certainly wise to the posturing and politics. They say there’s no such thing as an “honest politician”, and even though I am a cheerleader for Abadi, the adage applies to him as well.\u00a0I truly believe that Maliki has created enough past bad-will that he will never truly find himself in a position of power again, and Abadi can play the game well enough to ensure that stays true.\u00a0<\/strong>If anything, Maliki’s new approach will encourage positive progress for the country as a whole.\u00a0Abadi should remain in his position, and any kind of peaceful and reasonable discourse between the parties will move us closer to an RV.\u00a0<\/strong>Conclusion: As much as I loathe these words…\u00a0I don’t see Maliki as a hindrance to a ReValuation any more. In fact, he may be helping in a roundabout way.\u00a0<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Article:\u00a0 “$30bn Pledged to Iraq \u2013 Time to Act!<\/em>”\u00a0\u00a0Quote:\u00a0 “While this is well short of the $88 billion in funding estimated to be needed<\/em>…”\u00a0\u00a0\u00a0They were actually talking about 100 Billion in \u201cgrants\u201d (all along)\u2026 not 88 billion and not a single \u201cgrant\u201d in sight.\u00a0 Looks like Iraq is gonna\u2019 have to earn it. No one is giving it away today.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0\u00a0“Iraq awaits the outcome of the Declaration of the participants their contributions to the reconstruction conference<\/em>”\u00a0\u00a0 \u00a0Quote:\u00a0\u00a0“…the bank has focused on monetary stability, which is a major objective of monetary policy, especially as it alone manages the money supply and thus affect the price system<\/em><\/u>…”\u00a0\u00a0\u00a0\u00a0This is great!\u00a0 They are doing what the IMF stated they must do first.\u00a0\u00a0Article VIII will come once they meet compliance.<\/u><\/strong>
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