Abadi announces the launch of the first phase of the liberation of Hawija
The Prime Minister, Commander-in-Chief of the Armed Forces Haider Abadi, on Thursday, the start of the first phase of the liberation of Hawija district south of Kirkuk, praising the performance of the armed forces, which are fighting more than one liberation battle at the same time.
“With the dawn of a new Iraqi day, we announce the start of the first phase of the liberation of Hawija, in fulfillment of our pledge to our people to liberate all of Iraq’s territory and to purge it of gangs,” Abadi said in a statement. Victorious edits “.
Abadi added, “Greetings to our heroine forces in all its forms and formations and they are fighting more than one liberation battle at the same time and winning victory after victory.” He pointed out that “Bushra new victory looms in the sight with God’s help and reliance on him and his ability and heroism and sacrifices of spare fighters.”
Read more: http://www.dinarupdates.com/showthread.php?54357-Abadi-announces-the-launch-of-the-first-phase-of-the-liberation-of-Hawija
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Adam Montana […assuming the CBI elects to “Float” the Dinar from it’s current value and removing zero’s maybe one at a time…do you see this process taking up to a year…to have a value close to 1 to 1 with the us dollar? …how long from the time they start the “Float” until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).] yes, the float process could certainly take up to a year, maybe more or less. I believe we’ll be looking at a hybrid situation between peg/float – a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged to the USD at this time, regardless of how they revalue.) That rate could be “fixed” for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the “Pegged” period. Next… [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer
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Restructuring the Iraqi currency – Project delete three zeros and thousands of cash transactions
Under volatile economic and financial conditions and monetary inflation pressures that have been resolved.
Our country has previously had negative effects on the regularity of the commercial market, labor markets and production and the standard of living of the citizen, has caused many distortions in economic structures and relations among them was the presence of a large mass of zeros that were of little value and disproportionate to developments coming in the present and future of the Iraqi economy, which requires a solution to these circumstances and its offsets. One of these solutions is the reform of the monetary management system through its structure and deletion the zeros of them to control flow and manage the cost of the cash mass optimally.
The circulation of monetary mass exported more than 30 trillion Iraqi dinars in various categories.
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Adam Montana (Dinar Guru) – It’s been a while getting here, and nobody knows where exactly “here” is quite yet, but what I DO know is we have a LOT going on right now! There is an upcoming referendum in just a few days where the KRG (Kurdistan Regional Government) is attempting to “vote” on “Independence”. While the “vote” isn’t something I’m personally putting a lot of weight on, the statements and actions surrounding and connected to it are certainly worth paying attention to. Abadi had previously spoken out against the referendum (scheduled for Sept 25th), but now the Supreme Court (Iraq) has actually issued a ruling ordering them to completely suspend any preparations for such a vote, based on it being “unconstitutional”. [post 1 of 2….stay tuned]
Read more: http://www.dinarupdates.com/observer
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G-Lin (Dinar Guru) – I’m…excited about the…art. stating the IMF gave them instructions to cancel the remaining restriction on the exchange rate and practice multiple exchange rates, And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption. To me this is saying remove that last restriction and give the dinar a true rate and that would eliminate MCP and by doing so it will fight terrorism and corruption. It also says to me that they are Art. 8 compliant and they need to de-dollarize…this has been requested by the IMF in every Art. !V consultation I have read and now it sounds like a direct order. We don’t have any idea when this will happen but Iraq started listening to the IMF this year and in order to get the loans from them and the World Bank, they must perform to their instructions. Add to all of the above the fact that the second amendment to the CBI Law was discussed in Parl. last week it makes for some pretty exciting speculation. If they aren’t ready to change the value, they are making preparations to do so. As usual this is just my opinion.
Read more: http://www.dinarupdates.com/observer
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Iraq, Iran and Turkey agree to take “coordinated” steps against the referendum
Foreign ministers of Iraq Ibrahim al-Jaafari, Iran Mohammad Jawad Zarif and Turkey Mouloud Oglu agreed on Thursday to take “coordinated” steps against the draft Kurdish referendum, while calling on the outgoing Kurdistan Regional President Massoud Barzani to refrain from doing.
“The referendum opposes the constitution of Iraq and will create problems and repercussions in the region that will not be easily controlled,” a joint statement by the three ministers said after a meeting in New York. “The referendum will present its efforts and achievements against a threat.”
“The three ministers asked the president of the Kurdistan region to refrain from holding the referendum,” the statement added, referring to Jaafari, Zarif and Oglu support “a concerted international effort to push the Kurdistan Regional Government to cancel this referendum.”
Read more: http://www.dinarupdates.com/showthread.php?54359-Iraq-Iran-and-Turkey-agree-to-take-quot-coordinated-quot-steps-against-the-referendum
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Governor of Baghdad brings good news to residents of the capital
Baghdad Governor Atwan al-Atwani announced on Thursday that he had obtained Prime Minister Haider al-Abadi’s approval for the implementation of nine projects from Group 16 presented by his government as a work plan within 2017 projects.
Al-Atwani said in a press statement that these projects are “human beings for the people of the capital being one of the most important strategic projects and if completed, will end the service crisis in the outskirts of the capital.”
He explained that “the most prominent of these projects are (the draft rivers Nahrawan), (the project of the side of the bridge and completion of the sewer project), (draft sewer and cover Husseiniya and Abi Gharib and Taji seven wells), in addition to (the expanse of the province of Mahmudiyah).
Atawani added that he referred the Prime Minister’s approval to the Minister of Planning after a meeting with the Minister of Planning Salman Jumaili for approval to be implemented during this year.
He pointed out that the minister sent the Prime Minister’s letter to the technical agent and promised to complete the final approvals during the next week.
Read more: http://www.dinarupdates.com/showthread.php?54363-Governor-of-Baghdad-brings-good-news-to-residents-of-the-capital
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Enorrste (Dinar Guru) Article: “Economic reforms and upgrading banking institutions” I agree with KAP [reference Guru Kaperoni, 9-18-2017] on this one. We wait. But at least they are now seriously discussing moving forward as opposed to two years ago when half of the economists were calling on Iraq to wait, wait, wait.
Read more: http://www.dinarupdates.com/observer
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Kaperoni (Dinar -Guru) – Article: “Economic reforms and upgrading banking institutions” I think the goal is to raise the value to 1 to $1 or about. It just won’t happen overnight as some want to think. It’s a process that will take a period of time (I believe 6 months to a year) via a float. In doing so, the zeros disappear and Iraq moves to denominations like a 1, 5, 10, 20, 100 dinar and some fils (coins). Keep in mind, if we are correct, and that is the plan, then they simply just cannot decide arbitrarily to raise the value, they need momentum. And that is created by investment. They need the laws passed, banking insurance to invite investors to bring capital into Iraq. The result creates inflationary pressure on the CBI to float the dinar. And the result should allow the dinar to appreciate in value. So we wait.
Read more: http://www.dinarupdates.com/observer
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Central Bank to Tackle Hoarding of Iraqi Dinars
The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system.
During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out that cash is not available as planned, and that the CBI is drawing up plans to solve this problem and attract money into the banking system.
According to a CBI statement, the term “hoarding” is used in its economic sense to mean “holding money and imprisoning it from circulation or keeping them in the boxes inside the house and not taking them out to trade in the markets.“
Read More: http://www.dinarupdates.com/showthread.php?54206-Central-Bank-to-Tackle-Hoarding-of-Iraqi-Dinars&p=179048#post179048
I am kind of curious to see exactly how they intend to handle this. Seriously?!?
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Sept. 1st – “FB Live” Video Link
From our Sept 1st Facebook Live. “Verify Your Dinar”. We re-recorded this – I hope this works better for everyone.
For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition (Uncirculated 25k notes).
If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.
Thanks
BGG
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Adam Montana (Dinar Guru) – [What would a independent Kurdistan mean to our hopes and dreams to retire via nice RV? Do you still believe they will never separate?] I still don’t think they will split… But I LOVE how this current situation and the events unfolding right now are pushing things in a very positive direction. Things are looking very good for us right now!
Read more: http://www.dinarupdates.com/observer/
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Aggiedad77 (Dinar Guru) – Article: “The Government approves the tasks and mechanism of the Higher Committee for Investment and Reconstruction” On the surface this little article seems to be nothing big…but look who approved the tasks…the CABINET…Abadi’s Cabinet…on a Monday…out of the ordinary they would meet today…they normally meet on Tuesdays… Then look at who all was there, most of the Cabinet and ALLAK…why would this kind of high powered Iraqi group need to meet for what a committee was doing…hmmmmmm…is your interest perked up yet…they are considering the LL (long line) IMO…and IMO…they seem to be getting obstacles out of the way…What for…getting ready for implementation of things…investments …companies and countries coming in…this is HUGE IMO…simply HUGE…it’s pointing us towards good things to come…IMO.
Read more: http://www.dinarupdates.com/observer
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Kaperoni (Dinar Guru) – “The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread” …in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance…that gives me hope they can get in compliance… and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc. So if that occurs, we may see such an effect by end of year. I do believe it is well documented that the world wants to come to Iraq and invest. If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment. So hang in there.
Read more: http://www.dinarupdates.com/observer
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Post RV Checklist (it’s getting to be that time!! Listen up!!)
Dos and Don’ts of Windfall Wealth:
Treat it like a PowerBall win
– Tell no one, not even family. If you must talk, do so with one who is already in the know.
– Don’t run out & buy new “stuff”. People notice.
– Get an unpublished number and give it out very sparingly.
– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…
Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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