Our Dinar Update Jan 3rd

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*** Current News ***

Economist: the problem of low liquidity includes all of Iraq

Economic expert stressed that the crisis reduced the amount of Iraqi currency include all parts of Iraq, and not only the Kurdistan Region, due to widening trade relations with neighboring countries and the transfer of large amounts of currency abroad.

Dr. Khaled Heydari professor at the University of Sulaimaniya told NNA that the low amount of Iraqi currency is due to several reasons the most important out of large amounts of currency to neighboring countries, pointing out that a large number of Iraqi banks did not comply with the instructions issued by the central bank and related to retain a certain percentage of the currency in banks, and its desire to increase profits through the granting of loans, adding that the postponement of traders المديونين to repay their obligations is another reason for the low liquidity in the banks.

He also warned Dr. Khalid increase printed Iraqi currency to overcome the crisis, saying that the increase printed currency will lead to lower its value against other currencies, especially since the Iraqi dinar has good value at the present time, adding that the proper solution to this problem lies issue a decision by the central bank to claim المديونين pay their financial obligations in a specific time and reconsideration Iraqi trade protocols, and to inject liquidity in the market or make a deal to trade agreements in U.S. dollars.


Kaperoni Comment - Liquidity is the currency (dinar) in circulation. This article is stating that the entire country is low on dinar. They then go on to explain how that occurred (banks not following rules and currency leaving the country -only dollars makes sense). He does offer up a few solutions to solve the issue (financial obligations – pay the Kurds, reconsideration Iraqi trade -free market, inject liquidity-dinar in/dollar out, or make a deal to trade agreements in U.S. dollars – think he means dollarize).

Kaperoni Comment - The most important point I take away from this article is it is more confirmation that there is a declining amount of dinar in Iraq. That the auctions have been one of the main reasons for that decline (latest article to include all bank in auctions will only make that worse). And we already know from previous articles the condition of that dinar (ripped, torn, glued, taped, etc). Therefore, something must be done to preserve the currency and prestige of the New Iraqi Dinar (NID) soon.

BGG - I know how they can solve this issue – RV and use the pallets of new, uncirulated currency (lower denoms)  to relieve the currency shortage…(kind of flies in the face of some of the recent nervous nellie posts – huh?)

Reports of the emergency session Sunday could see a vote to withdraw confidence from the Maliki

Press reports predicted that scenario is repeated withdraw confidence from the Prime Minister Nuri al-Maliki again on the back of consensus Iraqi Kurdistan and the Sadrist movement of Prime Minister Nuri al-Maliki and downloading responsibility.

Noting that Sunday’s session could see a request to withdraw confidence from the Maliki.

The newspaper Jordanian Arabs today in a report released in today’s edition that “Iraqi Prime Minister Nuri al-Maliki is facing difficult choices in how to deal with the breadth of the protests, and the prospects for its extension to other provinces, over the status of political tension and deepen the division.”

“The most dangerous of these options open is the transfer of the crisis and its causes from the street to the parliament, as called for parliament speaker Osama al-Nujaifi, which opens the door to options could topple Prime Minister Nouri al-Maliki.”

She said, “What strengthens this hypothesis invite the head of Moqtada al-Sadr to Maliki’s resignation, and download the Kurdistan Alliance Maliki responsible for the current crisis, and this estimate observers encourage and facilitate procedures vote of no confidence for Maliki, if put in the emergency session of parliament next Sunday.”

The paper adds that the crisis of popular protests re lineup Maliki’s opponents again, and they and Iraqi Kurds and the Sadrists, who can vote of confidence to Maliki’s government voted into parliament if sewn ordered them, and in return for this alignment open to all possibilities Maliki threatened demonstrators from politicizing their demands and accused outsiders of the Nile of Iraq, pointing to impatience and prospects stop demonstrations and open roads armed force.

The Nujaifi called for an emergency session to discuss the tense political situation in rejection of the rule of law that call other blocs considered that Parliament must play its role in this area. Finished / 3


It will be very interesting to watch things unfold over the next few days – especially since a deal has been done in DC…

Iraqiya MP: Maliki’s remarks are misplaced and unacceptable.

BAGHDAD / NINA / MP, the Iraqiya coalition, Hamid Kassar al-Zobaie said that “Maliki’s comments on demonstrations are misplaced and unacceptable, and it was better for him to say that the demands of the masses if constitutional and legal, immediate I will implement them ” he says.

He said in a statement to the National Iraqi News Agency / NINA /: “Everyone was marveled by Maliki’s comments on Iraqiya TV channel that he said he will broke up the demonstrations by force or the alike,” stressing that “the protest is democratic process and constitutional, and the language he spoke about the demonstrations disclose that the country is not moving towards democracy. ”

Al-Zobaie said: “The solution of the political crisis is very simple and within the hand of Maliki, however,” calling him take sense of responsibility towards all citizens and work as prime minister for all Iraqis.


Maliki has made a lot of people mad with his totalitarian characteristics lately – just one more illustration of his ugly politics.

Here are some interesting Headlines…

 Askari: Anbar demonstrations not serious

Typcial lame SLC response – minimize the rights and opinions of others.

Kurdish MP: Current demonstrations go beyond Issawi’s case

This situation is about to get serious – they put it off as long as possible – but we’re here now…

***  Unspin Zone *** Jan 3rd

US Support for Dictatorship in Iraq Sowing Future Chaos

John Glaser - The state structures built in Iraq by the US military occupation are now the depraved tools of repression. First among these tools is the US-trained and equipped Iraqi Special Operations Forces (ISOF). By the time Washington was preparing to draw down forces in Iraq, writes Robert Tollast in The National Interest, “elements of ISOF were already being used as a private army by Iraqi prime minister Nouri al-Maliki.”

And now, with Maliki having secured essentially dictatorial power in Iraq since the US withdrawal, not only is the continuing US support and training for Maliki’s private army of sectarian thugs an essential tool in terrorizing innocent Iraqis, but it is bolstering al-Qaeda-linked groups and stoking sectarian tensions that could lead to civil war.

“Blame here can only go to Maliki,” writes Tollast, who “controls ISOF through the Counterterrorism Bureau, which has proved a useful tool for crushing dissent” and has been “implicated in the intimidation, arrest and even murder of Sunni politicians and opposition figures.”

The Obama administration has kept largely quiet about Maliki’s behavior, aside from about $2 billion in annual aid and tens of billions in military assistance. While this keeps the halls of power in Washington and the oil corporations happy, even the best case scenarios are damning, for Iraqi citizens as well as the geopolitics of the region.

“Maliki is heading towards an incredibly destructive dictatorship, and it looks to me as though the Obama administration is waving him across the finishing line,” Toby Dodge, an Iraq expert at the London School of Economics said earlier this year. “Meanwhile, the most likely outcomes, which are either dictatorship or civil war, would be catastrophic because Iraq sits between Iran and Syria.”

According to Tollast, the strength of al-Qaeda in Iraq has doubled over the past year. Instead of carrying counter-terrorism – “essentially the art of increasing political legitimacy, isolating terrorists from their support base and then eliminating them” – Maliki has been using his security forces in a way that undermines their political legitimacy and reinforces their support base. And as far as civil war goes: angered Kurds and Sunnis say their disenfranchisement has never been greater. This increases the chances more Iraqis will join the latent insurgency still underway there.

Lately, America really seems to have a knack for indirectly strengthening the terrorist groups they claim to fight against. And in their effort to continue propping up dictatorships throughout the Middle East, Washington is sowing deep resentment among the local populations, which ultimately feeds instability. And in the age of Arab uprisings against US-backed totalitarianism, Washington is plain old stupid to keep it up.


There have been a number of articles out lately that seem to support this point of view…as well as some “back channel sources” and possibly even a developing plan. While I have been pointing out these foreign policy shortcomings – it is possible there is a short term financial angle in the works – at the sacrifice of these long term US gains.


Shias and Sunnis: Brothers or Blood Enemies?

In late 2011, after Iraqi police arrested more than 600 former Baathist officials in Tikrit, deputy intelligence minister Hussein Kamal Ali said: “The government has been watching these people for a long time. Ultimately, we learned that they were holding secret meetings and had ill intentions.”

He added that they had intended to stage a coup through a rebellion, with mass protests across the country immediately after the withdrawal of US troops.

That incident went largely unnoticed, but two years on I believe it deserves a second reading.

It was never proven if the Baathists had in fact planned — or had the means to – stage a coup. Perhaps it was only part of the paranoia that had gripped Iraq’s Shia leaders as the Americans were preparing to leave the country.

But such a coup might — and in my opinion should — take place sooner or later. That is because it is unlikely that the Sunnis will ever be able to hold power and rule Iraq again. A coup that could create an independent Sunni region will mean the partition of Iraq, which is the best solution for everyone.

The Sunnis of Iraq are fooling themselves if they think they can live happily and as equal citizens under a Shia government. The poverty, police persecution, torture and government neglect they are facing today is exactly the same as the Shias suffered under the Sunnis for decades.

I covered the Iraq war and the sectarian violence for six extensive years and there is no city, town or village to which I did not travel during that time. In the end, what I always knew and managed to prove was that there is no love lost between the Sunnis and Shias. The two sects are blood enemies: they are, and will always be, suspicious of each other.

Of course in public they say: “We are all brothers. There is no such thing as Shias and Sunnis. We have lived together for hundreds of years.” But those are just fancy words. The reality on the street — the Sunni car bombs in Shia markets, summary execution of Sunni civilians by Shia militias and piles of dead bodies I saw everyday in Baghdad — spoke the real truth.

It is true that before the US invasion Shias and Sunnis lived side-by-side and did business with each other in the markets. But it was Saddam Hussein’s iron fist that had kept a lid on their historical enmity. It was the fear of the dictator that kept them quiet, not a genuine and sincere tolerance.

Sunni and Shia clerics speak of brotherhood and coexistence on television. But it is a different story when they talk in the privacy of their homes. In the Sunni neighborhoods they would tell me, “The Shias are not human beings. They don’t deserve to live.” And in Shia neighborhoods they would say, “The Sunnis are all terrorists, Wahhabis, Baathists and torturers. They are getting a dose of their own medicine.”

I have had optimists point to a few cases of Shia-Sunni intermarriage and tell me: “But it is just a war between politicians. The ordinary people have no problem with each other.” To these optimists I would say that I have heard some of the deepest Shia-Sunni hatred from the ordinary people on the street. The torching of homes, the abductions and beheadings, were conducted by ordinary people against their own neighbors, not by aliens from another planet.

So these people should stop pretending that all is well and that they can live together in the same country again. They should scrap this meaningless pride in “the glorious and brave Iraq.” Iraq has only been glorious and brave for one side at the expense of the other.

The Shias waited for centuries to come to power in Iraq and they will probably remain there for centuries. So it is time the Sunnis took matters into their own hands and chose a different path.

I know they like to be on top and rule everyone else, but they have to be realistic and act rationally. Their best bet is to separate from Iraq and create their autonomous region or independent state and name it whatever they wish.

They should stage mass demonstrations, block the highways that connect Iraq to Syria and Jordan and cut all ties with Baghdad. Sunni soldiers and officers in the Iraqi army should desert with their guns and form their own armies in their respective provinces. Perhaps the former Baathists who were arrested two years ago were in fact cooking up something. If that is true, they should try again.

But unfortunately most of the Sunnis — their tribal leaders and their military people — just love when someone gives them guns and puts them in charge of an army unit. Saddam kept them quiet by giving them guns. The Americans turned them against al-Qaeda by giving them arms. And now, Iraqi Prime Minister Nuri al-Maliki is doing the same.

But the Sunnis must quit this old habit and act where their true interest lies. Baghdad needs these Sunni officers today, but might just as well arrest and throw them in jail tomorrow.

It is true that the Sunni provinces have no natural resources and no oil. But they have land, as well as great agricultural and tourism potential. They will have more than 20 Arab states by their side. Would they rather give up their dignity for a life in Iraq that will never be theirs again, and a regime that will always treat their most simple men all the way up to their vice president as terrorists?


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