{"id":15333,"date":"2018-05-24T12:50:28","date_gmt":"2018-05-24T17:50:28","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=15333"},"modified":"2018-05-24T13:36:31","modified_gmt":"2018-05-24T18:36:31","slug":"dinar-observer-daily-may-24th-3","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=15333","title":{"rendered":"DINAR OBSERVER DAILY \u2013 May 24th"},"content":{"rendered":"

Chattels (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0165 seats are necessary<\/strong>. Sadr\u2019s Sairoon (54 seats), PM Abadi\u2019s Nasr (42 seats), Hakim\u2019s Hikma (19 seats), VP Allawi\u2019s Wataniya (21 seats) and the KDP (25 seats) and Qarar (13 seats)\u00a0makes a total of 173 if my math is correct.\u00a0<\/strong>Can I get a “Bingo!<\/em>“?\u00a0\u00a0With the Kurds as part of the government we have the best chance to avoid quotas and establish an efficient majority government for legislation without consensus, IMO<\/strong>.\u00a0 Godspeed the completion of the Iraqi Banking Sector Reform Project!
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sandyf (Dinar Guru) –<\/span>\u00a0\u00a0\u00a0It is a fact that Iraq has for years discussed the project to delete the 3 zeros.<\/u><\/strong>\u00a0\u00a0It is a fact that ten years ago that Iraq considered the “Turkey model” for their redenomination. \u00a0It is a fact that in April 2012 the Iraqi cabinet postponed the redenomination indefinitely. It is a fact that in 2009 an investigative report was published into redenominations. \u00a0It is a fact that the 2009 report concluded that a major contributor to a “successful” redenomination was low inflation.\u00a0\u00a0It is a fact that a redenomination introduces a new national currency and that the previous national currency co-exists in-country for a period of time<\/strong>. It would become an ISO historical currency. \u00a0It is a fact that ISO historical currencies are not recognised internationally…<\/p>\n

BGG ~ There are some claims here that I simply don’t agree with… the actual text of noted articles show differently.<\/span><\/h2>\n

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\"\"<\/a><\/p>\n

Why am I selling my Dinar?<\/span><\/strong><\/h1>\n

Simple answer:<\/strong> I’m not – I’m buying. I only sell so that we can increase holdings. We keep everything we can afford to. That’s the general concept anyway.<\/p>\n

Sometime back we were able to help some folks in a big way with their currency. This was at a time when the dealers were being very harsh with people on their buy-backs and not really passing much of that on to buyers.<\/p>\n

We helped. When their advertised buy-back was $500-600 (depending on condition) we were able to get one man $850 x 60 million and helped save his farm. We didn’t make much – but we helped. It was then I realized, if we were gonna’ keep this up, we ought to get registered as a dealer.<\/p>\n

We did. We try to offer the best number for those wanting to get out – and the best number we can for those wanting to get in or add more.<\/p>\n

Current Sale Price: $995 per million (2014 25k notes – perfect quality – uncirculated)<\/strong><\/em><\/p>\n

www.TheDinarExchange.com<\/a><\/strong><\/p>\n

615-509-6256 (BGG)<\/strong><\/p>\n

P.S. You are welcome to PM me on FaceBook for more (currency related) info as well.<\/strong>
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sandyf (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0It is a fact that the Central Bank of Kuwait did not revalue the KWD following the occupation. The KWD was reinstated at the same value as it was prior to the occupation.<\/u><\/strong>\u00a0\u00a0It is a fact that the CBI published a figure for \u201cCurrency Issued\u201d of 42.172 Trillion IQD as of 31st March 2018\u2026It is a fact that no country on a floating exchange rate has allowed \u201crapid\u201d appreciation of the currency. In recent times the greatest appreciation seen was the Yuan at about 3% per year, many said that was rapid. In the eye of the beholder. \u00a0It is a fact that I have never said there was no possibility of a positive outcome, Just that it would not be in the way some want to make out\u2026<\/strong><\/p>\n

BGG ~ How does comparing the KWD to the IQD prove anything? Or disprove it – for that matter? It’s like comparing apples and watermelons!!<\/span><\/h2>\n

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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Article:\u00a0 “MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD<\/em>”\u00a0\u00a0Okay so now we know Al-Abadi is going to be the next prime minister<\/strong>. We also gain some more insight at to the two conditions that al-Sadr is requiring of him.\u00a01) fight corruption all the way to the top levels of govt 2) publish the list of names of those corrupt political officials.You can bet that on his mind is going after this Nori al-Maliki.<\/strong>
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Adam Montana (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 …here we are, patiently grinding through Ramadan.\u00a0As expected, news is a bit slow at this time …The good news is there\u2019s absolutely nothing going on that gives us cause for concern<\/strong>\u00a0– so sit tight, keep that dinar in a safe place, and let\u2019s just keep an eye on things for the next couple weeks.\u00a0\u00a0Once things get moving again, we should be in for a heck of a ride\u2026<\/strong><\/p>\n

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\"Al-Sadr<\/p>\n

Sadr announces completion of final touches of government<\/strong><\/span><\/h1>\n

Alsumaria News \/ Baghdad –<\/strong> The leader of the Sadrist movement Moqtada al-Sadr announced on Wednesday the completion of the final touches of the government, indicating that it is a genuine Iraqi government and opposition to constructive political and peaceful peace.<\/p>\n

“Today, I have completed the picture and I have completed the final touches after you have completed the advice and satisfied you with the government,” Sadr said in a tweet followed by Alsumaria News. “It is a Sunni, Shiite, Arab, Kurdish, nationalist and non-sectarian government. Political peace “.<\/p>\n

“We will brief them on the details of the many meetings so that they can have good sayings, and then we will wait for the honest and patriotic blocs that are precious to form a strong patriarchal government that will give the people their rights,” he said.<\/p>\n

The leader of the Sadrist movement Moqtada al-Sadr met with a number of officials in the Iraqi government and heads of blocs and coalitions, including Prime Minister Haider Abadi, and discussed with them the formation of the next government and its program.<\/p>\n

Article Credit: Alsumaria.tv<\/a><\/strong><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 I stated last week that current PM al-Abadi does not want to be PM again.\u00a0 Today, some news surfaced that seems to support that.\u00a0<\/strong>\u00a0There may very well be a new PM chosen.
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 So what next:\u00a0 Iraq is:
\n1.\u00a0 Much more STABLE politically just having the announcement on Sunday that Al-Abadi will continue on with a second term;
\n2.\u00a0 That the new government about to be formed will have the full support of the anti-corruption \u201cSadr Movement\u201d behind it to support what Abadi knows he must do \u2013 expose these 1,000 political figures involved in this corruption (or as the CBI has told us they are involved in the FRAUD and MANIPULATION of the currency.
\n3.\u00a0\u00a0Once the MCP monitoring is completed (in the absence of no more violations) this could happen on approx June 15th as Kap [Guru Kaperoni]\u00a0noted.<\/u>\u00a0The CBI is expected to get permission to move ahead with the currency, put it on a float off the fixed rate de facto peg to the US Dollar. They will then re-peg it to the SDR basket of currencies.<\/strong>\u00a0 Here is the juicy part…
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0\u00a0...In pegging it to the SDR basket they must come up with an initial \u201canchor rate\u201d equivalent and in-line with the basket of 5 currencies in it<\/u>. This anchor rate in not technically an RV or RI but for our purposes it surely could be a substantial increase in value we all want.<\/strong>\u00a0I do not believe, as [Guru] Kaperoni has stated …that the \u201canchor rate\u201d will be the 1184 program rate and they will let it float from that rate.Instead I believe this \u201canchor rate\u201d could be equivalent to somewhere around a 1:1, 1 dinar : 1 US dollar. By the time we see it on FOREX it may already be well up to the $3.00 – $4.00 range we all want.<\/strong>\u00a0Like I said in prior news, that this measure will be a counter inflationary measure holding if off FOREX for a few days to maybe a few weeks.
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\"\"<\/a>Source reveals the meeting of Abadi and Sadr .. conditional Second Term!<\/strong><\/span><\/h1>\n

Baghdad today –<\/strong> A source familiar with the Sadrist movement, the scenes of the meeting of the leader of the current Moqtada al-Sadr, Prime Minister Haider Abadi in Baghdad.<\/p>\n

The source said in an interview with Baghdad today that “the leader of the Sadrist movement, Moqtada al-Sadr, agreed to give Prime Minister Haider Abadi a second term, during the meeting they had just gathered in Baghdad.”<\/p>\n

He added that “Sadr demanded the return of Abadi from the Dawa Party and pledges to fight corruption fully, including names influential in the political process.”<\/p>\n

Sadr’s office revealed details of Sadr’s meeting in Baghdad after midnight on Sunday.<\/p>\n

Article Credit: Baghdadtoday.news<\/a><\/strong><\/em>
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Maliki individually received the highest number of votes in the election.<\/strong>\u00a0 [what does that mean for the elections though, will he have any power\/say in anything<\/em>?]\u00a0\u00a0Power follows the political bloc and not the individual.\u00a0 No need to be worried.<\/strong>\u00a0Negotiations continue between the blocs.\u00a0\u00a0\u00a0We are still awaiting a final certification of the election results.\u00a0\u00a0\u00a0The final results must be ratified by the court.<\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 [correction]\u00a0\u00a0…the 3 month IMF requirement…I want to correct how much time is left.\u00a0 Our countdown indicates 24 days.<\/u>\u00a0<\/strong>\u00a0June\/July going to be interesting months.
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Just in on Sunday morning –\u00a0MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD<\/strong><\/u>.\u00a0 …Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...<\/u>So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV<\/u>. But they didn\u2019t however we know it is coming shortly and sooner than you might think<\/strong>…
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<\/p>\n

Sadr and Abadi close to declaring a clear alliance in Iraq<\/strong><\/span><\/h1>\n

* Iranian efforts to form a coalition led by al – Maliki and Ameri<\/strong><\/em><\/p>\n

– Dubai (Arab event): While delaying suspicions of fraud in Kurdistan, Anbar and Kirkuk , especially in the announcement of the final results of the Iraqi elections, in contrast , is growing debate about the alliances that Stffersha elections. The leaks to the near declaration of a clear alliance between the leader of the alliance, “Asron,” Moqtada al-Sadr, who has achieved leadership in this election, and the leader of the coalition, “victory”, Haider Abadi, in a proactive attempt to block the Iranian efforts to form a coalition led by Nuri al-Maliki and Hadi al-Amiri .<\/p>\n

The task led by Qassim Soleimani to form the largest bloc in the next parliament does not seem easy. Many sources close to Sadr say many leaders of different blocs want to join an alliance with Abadi and form a government. Negotiations have made significant progress on some issues . The debate remains only about what is said to be required to sever the relationship between the Abadi Party “Dawa”.<\/p>\n

Sadr, who is heading to become the most powerful political force in Iraq, for three days, saying that the Iraqi decision will be from within the border and all partners of princes as long as they are not occupiers of the country, as he put it.<\/p>\n

Tensions are still rising in Kirkuk, where gunmen have been besieged by several polling stations and pressuring UNHCR to change the election results.<\/p>\n

However, with the introduction of the results of the elections abroad, the Commission showed leaks on the change in positions of forces, which called for the Commission to indicate the presence of changes in the sites of blocks, although not large.<\/p>\n

Article Credit: Alwatannews.net<\/a><\/strong><\/em>
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Mnt Goat (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0…So we all know that Al-Abadi did lose the popular votes, thus he did lose the election, however…Could Al-Abadi be the next PM even though he lost the popular election<\/em>?\u00a0\u00a0…even though a candidate runs for office and does not win the overall popular vote, he\/she can still possibly be nominated as the candidate for the office and, if ratified by parliament, take the duty of forming the next government of Iraq, thus the prime minister position.<\/strong>\u00a0...So, in this election process of 2018, we see that Al-Sadr does not want to be prime minister since he is a cleric<\/u>\u00a0but wanted to be able to select someone who will fulfill the \u201cSadr Movement\u2019s\u201d party policies<\/u>.<\/strong>\u00a0So, who will he select<\/em>?<\/p>\n

That is the million dollar question…\u00a0\u00a0…Al-Abadi can be nominated and probably will be the nominee submitted to parliament by the \u201cSadr Movement\u201d<\/strong>.\u00a0However, having said this, it is very premature…There is no proof of this<\/u>. All the news states Al-Sadr has to still decide however he is open to it. This is what he really said. Let\u2019s just watch it all play out and see if there are any surprises…
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MilitiaMan (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0Article:\u00a0\u00a0\u201cThe Parliament directs the Commission to take the necessary measures to provide confidence in the elections\u201d\u00a0\u00a0<\/em>The cat is coming out of the bag…\u00a0Evidence is suggesting the elections are rigged.. No longer doubt but facts.<\/strong>\u00a0Will the evidence be set aside…?\u00a0 With Al Sadr meeting with the five, I’ll bet as we are taught the results will be “” more of a move along nothing left to see here… lol Plus the USA ordering Solameini “” to get out of Iraq finds us with the hicupps subsiding as he crosses back over the border..?\u00a0 it is also obvious the investors are ready to roll when it comes to re construction.. the timeing of it all coming together is fascinating!\u00a0\u00a0 Even the video Walkingstick\u00a0posted has presentation boards in the back drop and advertising those involved!!<\/strong>There was one that stands out to me and if we recall EO 13303, one will know a major player in this project to iraqs MR.. imo.<\/p>\n

BGG ~ There is no cat – no bag. The IHEC will address all the complaints in a thorough and complete fashion. If there were fraud – do you think anyone willing to pull such a thing off wanted Sadr to be the winner? C’MON MAN!! The USA doesn’t order the General to do anything, he is our enemy. He does as the Mullahs tell him.<\/span><\/h2>\n

Regarding E.O. 13303 – this is a continuing Executive Order. It is extended every year. This year being no surprise and no “harbinger” of things to come.<\/span><\/h2>\n

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Stryker (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0 Iraq election: Al-Abadi will have to negotiate his future<\/strong>…The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place.\u00a0\u00a0But with no group winning a majority, he could still be a major player.<\/strong>
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<\/p>\n

Abadi closest to the premiership<\/strong><\/span><\/h1>\n

Said Habib terminal head of the parliamentary wisdom bloc that Haider Abadi, the current prime minister is the closest to get a second term of others and stressed the existence of talks between the blocks of the alliance and the formation of the largest bloc in the coming period.<\/p>\n

Al-Turfi said that one of the advantages of Haider Abadi, which qualifies him to renew the mandate for another parliamentary session is to get a list of good seats in parliament in addition to his victory on terrorism, according to his claim.<\/p>\n

He stressed that the current wise conditions for the next prime minister in the event of an alliance with him is the application of the law and accountability of corrupt and state building in accordance with sound rules.<\/p>\n

He added that the talks to form the next government has started since the announcement of the preliminary results will crystallize during the coming hours to come out of the largest bloc, indicating that the largest bloc will be far from sectarianism and will include all components to reduce the page of sectarianism and abomination.<\/p>\n

Article Credit: Irqnews.com<\/a>\u00a0<\/strong><\/em>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0 \u00a0The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros.\u00a0 What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation<\/strong><\/u>.\u00a0 My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone.\u00a0 Not saying it will take that long but it is a directly related to investment.\u00a0 This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV.\u00a0\u00a0The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly<\/u>.\u00a0<\/strong>\u00a0But it is up to Iraq to create the right environment for the value to rise.\u00a0 At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value.
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Stryker (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Abadi still has time to shine these next few weeks,\u00a0and gain his second term along the way!<\/strong>
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Breitling (Dinar Guru) –<\/span>\u00a0<\/strong>\u00a0What does it [Iran sanctions] mean for Iraq?\u00a0<\/strong>\u00a0\u2026as the new sanctions come up\u2026the rest of the world will not have access to Iran\u2019s energy sources and they [Iran] will not have access to most of the world\u2019s energy sources.\u00a0 So how does that translate for Iraq?\u00a0 How is Iraq involved?\u00a0 Because If you look at Iran, Iran is Shia\u2026so they belong to a different church than the Sunni and the Arabs\u2026If there\u2019s going to be big huge sanctions on Iran they are going to use the same backdoor market that they did last time before the sanctions were lifted.\u00a0 And guess what that backdoor market was?\u00a0 Iraq.<\/u><\/strong>\u00a0 Because there are more Shia in Iraq than there are Sunni and Kurds.\u00a0 That\u2019s why it\u2019s a good thing for Iraq\u2026
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\"Nuri<\/p>\n

6 corrupts, perhaps including Nuri Al-Maliki, about to flee Iraq: Sources<\/strong><\/span><\/h1>\n

More than six corrupt figures are currently preparing for fleeing Iraq through the Baghdad International Airport, well-informed sources told the Baghdad Post by phone on Monday.<\/p>\n

The sources who requested anonymity did not name the corrupt figures. But it is most likely that former PM Nuri al-Maliki is among them.<\/p>\n

Sadrists on social media urged prominent Shia cleric Moqtada Al Sadr to swiftly form a government in a bid to prevent corrupt officials from fleeing the country.<\/p>\n

With most votes counted, Al-Sadr-led Saeroon (On the Move) coalition is taking the lead.<\/p>\n

Article Credit: Thebaghdadpost.com<\/a>\u00a0(Special Thanks to Charles Bright)<\/strong><\/em>
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a030 days remaining to meet IMF compliance according to Kap’s countdown<\/u><\/strong>.\u00a0Coincidentally that date will coincide with the Eid al-Fitr Holiday and the end of Ramadan…<\/strong>
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Kaperoni\u200f (Dinar Guru) –<\/span><\/strong>\u00a0<\/span>\u00a0\u00a0Our unofficial IMF compliance countdown clock for the 2% compliance is now at 30 days to go.<\/strong>
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0These are the steps to form the next Iraqi government…\u00a0 “Basnews:\u00a0 According to the Constitution.<\/u><\/strong>..The Iraqi parliamentary elections, which took place yesterday, have followed the steps of forming the new government within 90 days. The steps in accordance with the Iraqi constitution will be as follows:
\n– The Independent High Electoral Commission (IHEC) will announce the election results on Monday.
\n– President Fuad Masum calls on the new parliament to convene within 15 days of announcing the results.
\n– Legislators elect a speaker and two deputies by an absolute majority at the first meeting.
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<\/strong>The Commission announces the results Thursday and says: Do not believe the rumors<\/span><\/h1>\n

Baghdad \/ SNG –<\/strong> A member of the Board of Commissioners of the Electoral Commission, Hazem al-Ridini said that the figures announced by the Commission for what the entities have received is not final changeable but not by large proportions, and the other surprising is the circulation of names winning inaccurate numbers.<\/p>\n

“The announced votes for the lists do not represent 100 percent, but some satellite channels have tried to influence and distort the results in advance by announcing inaccurate numbers,” he said.<\/p>\n

“The final results will be announced on Thursday, during a press conference announcing the number of seats and the winning candidates and the number of votes they have won,” he said.<\/p>\n

Article Credit: sngiq.net<\/a> (Special Thanks to Charles Bright)<\/strong><\/em>
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0These are the steps to form the next Iraqi government..<\/strong><\/u>.
\n– Parliament elects a new president by a two-thirds majority of deputies\u00a0within 30 days of the first meeting.<\/u><\/strong>
\n– The new president nominates the candidate of the largest bloc in parliament to form a government.
\n–\u00a0The prime minister-designate shall have\u00a030 days to form the government and submit it to parliament for approval.<\/u><\/strong>
\n– Parliament must approve the government program and each minister separately in a separate vote by an absolute\u00a0\u00a0If the prime minister-designate fails to form a coalition government within 30 days or if parliament rejects the government proposed by the prime minister-designate, the president must appoint another candidate to form a government within 15 days.<\/u><\/strong>
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Just a reminder to all, that Prime Minister is not an elected position.\u00a0 It is a consensus among political blocs after the election.<\/strong>\u00a0\u00a0So we are in for a bit of a wait while negotiations and alliances are formed<\/u>.
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Mosul, the second largest city in Iraq has yet to indicate any returns from the polls.\u00a0Abadi was expected to show well in Mosul \/ Nineveh, we shall see.<\/strong>
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