{"id":15358,"date":"2018-06-11T13:31:25","date_gmt":"2018-06-11T18:31:25","guid":{"rendered":"http:\/\/www.dinarupdates.com\/observer\/?p=15358"},"modified":"2018-06-11T13:31:25","modified_gmt":"2018-06-11T18:31:25","slug":"dinar-observer-daily-june-11th","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=15358","title":{"rendered":"DINAR OBSERVER DAILY \u2013 June 11th"},"content":{"rendered":"

Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0My guess is al-Maliki is behind this fire<\/strong>… fits his MO.\u00a0\u00a0Destroy the ballots than there can’t be a recount.\u00a0 Course his goal is a new election.<\/strong>
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BGG (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0 Article:\u00a0 “Iraq\u2019s parliament speaker calls for election rerun, after fire hits ballot boxes warehouse<\/em>”\u00a0\u00a0Why would this be Sadr<\/em>??\u00a0He loves his position and has nothing to fear from a recount\u2026 especially if these accusations about the IHEC (or HEC \u2013 whatever they are calling it this week) are true and we get an unbiased panel of 9 judges instead.<\/strong>
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Kaperoni\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0\u00a0Down to 4 days to meet compliance<\/strong><\/u>. [IMF’s Market Rate vs. Official Rate within 2% for 90 days rule.]
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tman23 (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0\u00a0Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election… NEW ELECTION…LOL<\/strong>!!! What a mess…who could of possibly seen this coming??\u00a0 Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire…
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\"\u00d8\u00ad\u00d9\u008a\u00d8\u00af\u00d8\u00b1<\/p>\n

Iraq’s prime minister speaks of a conspiracy threatening the country<\/span><\/strong><\/h1>\n

Iraqi Prime Minister Haidar al-Abadi said a fire at the ballot box store in Baghdad was part of a plot to undermine the country’s democratic process in the first government sign that the incident was deliberate.<\/p>\n

“The burning of electoral stores represents a plan to strike the country and its democratic approach,” Abbadi said in a statement, adding that “we will take the necessary measures and strike with an iron fist against anyone who wishes to undermine the security of the country and its citizens.”<\/p>\n

The Independent Electoral Commission for elections to re-counting and sorting manually in the whole of Iraq , and the abolition of the work of accelerating the electronic results.<\/p>\n

The Iraqi parliamentary elections took place on 12 May last, the system of electronic voting, which was applied for the first time in the country, which caused great controversy and criticism after the announcement of the results.<\/p>\n

Political blocs and figures questioned the results of the elections, prompting the parliament to set up a mini-fact-finding commission two weeks ago to consider allegations of violations that accompanied the electoral process, including members of the legal committees, immigration and parliamentary integrity.<\/p>\n

And replaced the list of “Saron” sponsored by the Sadrist movement in the first place, followed by the list of the opening led by the leader of the popular crowd, Hadi Amiri second, while the coalition of victory led by Prime Minister Haider Abadi III.<\/p>\n

Article Credit: arabic.sputniknews.com<\/a><\/strong><\/em>
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Kaperoni\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0 Some good news today if you call it that,\u00a0it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted<\/u>.\u00a0<\/strong>\u00a0Personally I don’t know what the desire for manual recount is for.\u00a0It’s not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance.<\/strong>\u00a0\u00a0At best, a political block may pick up a seat or two in parliament<\/u>.<\/strong>\u00a0 But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections.\u00a0\u00a0What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition<\/u><\/strong>.\u00a0\u00a0 [post 1 of 2….stay tuned]
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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 So if we’re waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so.\u00a0\u00a0I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi’s three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August.\u00a0 If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration.\u00a0<\/strong>\u00a0 In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq.\u00a0I believe this will occur at the same or about the same time as the CBI’s begins monetary reform.\u00a0<\/strong>\u00a0[post 2 of 2]
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Chattels (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Quote:\u00a0 “Legal team replaces Iraq High Election Commission & supervises hand recount of votes from 12 May. This will take 3 weeks. (Authorities of current government end 30 June & if no new government formed, a temporary government with limited powers takes over)<\/em>”\u00a0\u00a0So, at this point there has been no ratification of the election results by the Iraqi Judiciary.<\/strong>\u00a0The timeline for government formation has not begun until the act of ratification.\u00a0\u00a0It appears that it may be after June 30 until the completion of the recount and the election results can be ratified.<\/u>\u00a0Iraq will have a caretaker government beginning about July 1st. It is unlikely that Iraq will have a new government until late August or early September, IMO.\u00a0\u00a0 …I have opined that the first quarter of 2019 seems like the earliest date for completion of monetary reform and the realization of any value for us<\/strong>.\u00a0 Not a prediction, but nothing likely before then is my sense of it.
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Abadi is close to making a historic decision<\/span><\/h1>\n

Iraqi sources said Saturday that Prime Minister Haider al-Abadi announced his break-up with the Islamic Dawa Party because of disagreements with leaders and a second alliance with the Al-Nasr bloc and others led by Moqtada al-Sadr and other political forces.<\/p>\n

The sources told \u00ablife\u00bb, that \u00abthe religious authority in Najaf and the leader of the Sadrist movement, Moqtada al-Sadr has the same view on the candidate to the prime minister, and if the Dawa Party must be independent and outside the custody of his party\u00bb.<\/p>\n

She pointed out that \u00abthe match between the reference and the chest does not mean they agreed on this in practice, but a common orientation\u00bb, stressing that \u00abAbbadi is aware of this trend has not yet made his decision, but close to that waiting to deal with the implications of that with his party\u00bb.<\/p>\n

And revealed \u00abdifferences on the position of the party from the alliance with others, led by Sadr, who ranked first in the parliamentary elections\u00bb.<\/p>\n

The sources said that \u00abthe axis of Vice President Nuri al-Maliki within the Dawa Party completely refuses to enter the list of victory in an alliance with others, because of Sadr’s position of the leader of the rule of law and the Secretary General of the party (ie al-Maliki).<\/p>\n

According to leaks learned by \u00ablife\u00bb, \u00aba breakfast Ramadan included the last leaders of the invitation saw verbal arguments regarding the rejection of the requirement to remove the prime minister candidate from his party\u00bb.<\/p>\n

But the leader of the party Saad Almtalibi admitted in a press statement, that \u00abthe alliance of Sawson was the establishment of impossible conditions for dialogue with us, such as Maliki’s apology from the people of Mosul, because of the occupation of the organization of the terrorist calls their city. Therefore, there are no dialogues with others and this is their choice, they wanted to get away from us, and we are not who moved away \u00bb.<\/p>\n

On the other hand, al-Maliki’s office denied in a statement in response to journalists’ questions addressed to him, regarding the information about his position on the appointment of the next prime minister, that \u00abdoes not nominate anyone and does not object to the nomination of anyone to the position bar to come within the legal context\u00bb.<\/p>\n

At the same time, he objected to any candidate who would circumvent the election results and the legal context.<\/p>\n

Article Credit: Shafaaq.com<\/a>\u00a0(Special Thanks to Charles Bright)<\/strong><\/em><\/p>\n

BGG ~ If this is public – Abadi is close to making his deal… if this is the alliance, IMHO – you can stick a FORK in Maliki. He’s done. However, there are lots of discussions going on and plenty of leveraging. Stay tuned.<\/span><\/h2>\n

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Kaperoni (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it’s not artificial or program rate.\u00a0\u00a0The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms<\/strong>.\u00a0 As I said before numerous times if and\u00a0when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx<\/u>.<\/strong>\u00a0This is no overnight event.
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Kaperoni\u00a0(Dinar Guru) –<\/span><\/strong>\u00a0Though the spread is consistant and we are getting close to the 3 month compliance, I do think the IMF needs to have it’s Article IV Consulation with Iraq and the formation of a new government before we will see change.\u00a0<\/strong>The Article IV is a good time for the IMF to review the CBI and go over monetary policy, etc. before the CBI writes the letter accepting Article VIII.\u00a0The new government needs to be in place to encourage investment. We are getting closer for sure.<\/strong>
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ChrisC (Dinar Guru) –<\/span><\/strong>\u00a0\u00a0 Everybody should remember this…1) Iraq is the geographic center of the ME, they are the richest in assets in the ME and they are constantly saying they are going to be the tiger of the ME.<\/strong>Another thing I always thought was telling is our largest embassy in the world is in Iraq.\u00a0A country like this is not going to use somebody else’s currency five minutes longer than they have to.\u00a0 2) No more ISIS\u00a0 3) corruption is on the way out.\u00a0<\/strong>That really is one of the main reasons IMO that they have kept using the dollar and now they are going to start stringing them up if they stay in Iraq.\u00a0\u00a0In the final analysis the evidence, not my opinion, shows that this should be much sooner than later.<\/strong>
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