Dinar Daily NEWS Blog – Aug. 16th

imageFormer deputy: Abadi will refer a new corrupt list to integrity

MP in the outgoing parliament, Ibtisam al-Hilali, Sunday, that the Prime Minister Haider Abadi will transmit a new corrupt list of the Integrity Commission.

Al-Hilali said in an interview with “Mawazine News” that “Abbadi issued during the past period several decisions to refer suspects of corruption files to integrity and his decisions continue to appear.”

“According to the data available to us, there is a corrupt list will be transmitted to integrity during the coming period.”

Earlier, Prime Minister Haider al-Abadi announced the referral of a number of ministers and former officials to the Integrity Commission on suspicion of involvement in corruption cases.

The list of those referred to integrity included the former Minister of Construction, Mohammad Sahib al-Daraji and the former Minister of Education, Mohammad Tami Mak

Read More: Mawazin.net (Special Thanks to Paul Moseley)

BGG ~ I will not have reliable phone service for Monday and most of Tuesday. I do have acceptable internet where we are staying. If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work. All orders (buy & sell) booked while I am out of town will be considered good and will be filled (& paid for) next Monday (the 20th).

Our Current Buy-back rate is $800 per million.



Abadi's coalition claims deal to form new Iraqi governmentAbadi’s coalition claims deal to form new Iraqi government

ERBIL (Kurdistan 24) – Iraqi Prime Minister Haider al-Abadi’s political alliance announced on Friday that it had reached an agreement with other major parties to form the next government.

According to a statement released by Khaled al-Obeidi, chief negotiator of the Nasr (Victory) Coalition, the deal includes the frontrunner of May’s election, Muqtada al-Sadr’s Sairoon coalition, Ammar al-Hakim’s al-Hikma (Wisdom) party, and Ayad Allawi’s al-Wataniya (National) coalition.

Obeidi said that preliminary talks with al-Hikma and al-Wataniya had “led to positive results and common understandings, preparing the groundwork for a viable government program.”

“We are now in close agreement with Sairoon, al-Hikma, and al-Wataniya, and have also forged understandings with the Kurdistan Democratic Party (KDP),” he added.

On Thursday, Iraq’s electoral commission announced the results of the manual recount of votes as a result of widespread controversy amid charges of fraud in the May 12 national elections. There were no substantial changes in the seat numbers won by main parliamentary blocs.

According to the final results, Sairoon remains the winner with 54 seats out of total 329, followed by the bloc associated with Shi’a militias, al-Fatih, with 48 seats. Abadi’s coalition came in third with 42 seats.

The newly-seated parliament members are charged with electing a new speaker and two deputies in their first session, to be held within 15 days of the Federal Supreme Court of Iraq’s ratification of final election results. After a new speaker is in place, lawmakers have 30 days to elect, by a two-thirds majority, Iraq’s new president, who is then given 15 days to nominate the prime minister from the largest bloc in parliament.

The prime minister, in turn, will have another 30 days to form his cabinet, with ministers then referred back to parliament for individual approval. If the effort is unsuccessful, the president has yet another 15 days to nominate another prime minister to repeat the process of forming a cabinet.

Over the past month, Iraq has witnessed a wide range of protests across the central and southern provinces with people demanding better public services, higher employment, and reducing massive corruption in state institutions. Protesters have also called for major reform in Iraq’s political process.

Article Credit: Kurdistan24.net (Special Thanks to Charles Bright)


Kaperoni (Dinar Guru) –   Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.

Big deal – they are announcing something they have been doing all along… plus, this “big announcement” says they are paying $725 per million for IQD – BGG is paying $800 (as of Friday – go to – www.TheDinarExchange.com )

Read more: http://www.dinarupdates.com/observer/

Iraq Elections Results almost Unchanged after Manual Recount

Almost no change has been made to the results of a recent parliamentary election in Iraq after ballots were manually recounted over fraud allegations, the country’s top electoral body has announced.

The commission said early Friday that less than a dozen members of the Iraqi parliament, out of 329, lost their seats after a manual recount of the ballots cast in the May parliamentary elections.

The results confirmed the victory of Shiite cleric Muqtada al-Sadr’s bloc.

The only major change that came out of the recount was related to the Conquest Alliance led by Hadi al-Amiri, who leads an influential pro-government militia force.It would have an extra seat at the expense of another political group known as the Baghdad list.

The Conquest will now have 48 seats in the parliament, remaining in the second place after the Sadr Movement, which has secured 54 seats. Incumbent Prime Minister Haider al-Abadi’s party will also have 42 seats.

The votes recount came following allegations of fraud which mainly revolved around the electronic voting machines used for the first time in Iraq’s elections, Press TV reported.

The recount results pave the way for political parties to form a government. The Iraqi supreme court must now ratify the new results. Once ratified, the outgoing president must convene a parliamentary session within 15 days to begin the process of forming a coalition government.

Earlier, the United Nations had commended the manual recount of votes as “credible and transparent”. Alice Walpole, a UN envoy to Iraq, said Monday the UN had observed the process and found it to be “conducted in a manner that is credible, professional and transparent.”

“We are very pleased that it’s been concluded and we look forward to the next steps in this process towards the formation of the new government,” Walpole said after the recount concluded on Monday.

Read More: Islamicinvitation.com (Special Thanks to Ann Zucc)

Mnt Goat (Dinar Guru) –   Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event…but a very slow process. He said it would take months to complete.  Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.

Read more: http://www.dinarupdates.com/observer/

Why sell Dinar?

Simple answer: I’m selling – so I can buy. I sell so that we can increase holdings and help everyone along the way. We keep what we can afford to. That’s the general concept anyway.

To answer the ding-a-ling critics – we’re aren’t “selling out” – we’re “buying in”. Which all started by just trying to help a few folks in a tough position.

Sometime back we were able to, because of our unique position – help some folks in a big way with their currency. This was when the various Dinar dealers were PUNISHING people on their buy-backs and not passing much on to buyers.

We helped. At a time when the advertised buy-back price was $500-650 per million (depending on condition) we were able to get one man $850 per million x 60 million which helped him save his farm. We didn’t make much ($25 per million – to be exact) – but we helped.

It was then I realized, if we were gonna’ keep this up, we ought to get registered as a dealer… just to be on the safe side. We did.

What does this mean for you? 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.

Our Sell price for today: $995 per million


615-509-6256 (ANY TIME – If I’m awake and near the phone, I’ll answer. If not – leave a message. I’ll get right back to you.)

Here’s a nifty testimonial that just came in this morning…

“Hi Tom,

Yes. I got the wire. Thank you very much – Sir. It went just like you said it would. My friend is very grateful and said thank you. He needed money fast to pay a bill so it came just at the right time”.

Stephen O

Kaperoni (Dinar Guru) –  …the dinar cannot be international at 1190 $1…Sure it can and it will!  At least start there…for how long it stays there I have no answer but it’ll rise based on supply and demand and economic principles…people…are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190.  The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI’s capital account, that economic pressure will create inflation which the CBI will raise the value to counter…the rate is 1190 until the CBI decides to change it.

I do expect it to rise fairly quickly over a 6 months to a year.  But again that’ll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq.   [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/

Kaperoni (Dinar Guru) –   …Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher…many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country’s exchange rate.  So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued.   [post 2 of 2]

Read more: http://www.dinarupdates.com/observer/

Some interesting headlines…

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Sadr Alliance announced the final touches to the formation of the largest bloc


Iraq cancels its dollar deal with Iran to avoid US sanctions

URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

International: Euphrates News – Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

Article Credit:  Alforatnews.com (Special Thanks to Charles Bright)

Iranian media stunned by Iraqi PM’s compliance with US sanctions

Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise.

“As a matter of principle we are against sanctions in the region,” Abadi said at a press conference Aug. 8. “Blockade and sanctions destroy societies and weaken regimes.” He added that they are a “strategic mistake” but that Iraq “will abide by them.”

Given Iran’s immediate and unconditional support for Iraq after the rise of the Islamic State (IS) terrorist group in northern Iraq in 2014, compared with that of the delayed and conditional support of the United States, Iranian media and social media users were very critical of Abadi’s support of US sanctions. One official even mentioned memories of the Iran-Iraq War.

Iranian parliamentarian Mahmoud Sadeghi, who is an outspoken official, particularly on Twitter, tweeted, “The Iraqi government, according to Article 6 of Resolution 598 [which ended the Iran-Iraq War], owes the Iranian government 1.1 trillion dollars in reparations for the imposed war [Iran-Iraq War]. The Iranian government, given the restrictions on the people of Iraq, has postponed its demands on these reparations. Now, the prime minister of Iraq, instead of paying up, will cooperate with oppressive sanctions against the people of Iran.”

In an article in Russian-funded Sputnik, Emad Abshenas wrote that Abadi, who is still trying to form a government after the Iraqi elections in May, made double-sided comments both criticizing the sanctions and abiding by them in order to attract maximum approval from Iraq’s parliament. Abshenas wrote that during Iraqi elections officials attempt to portray themselves as being bipartisan and independent and there is no country better suited than Iran for officials to use in order to achieve this end, either through indirect criticism or with friendly gestures toward Saudi Arabia, Iran’s regional foe. Abshenas noted that Abadi visited Saudi Arabia before visiting Iran, despite the closer relations between Tehran and Baghdad.

Abshenas said that Iranians, unlike the Americans, do not incessantly remind the Iraqis of Iranian contributions in the fight against IS, nor of Iran’s support for Abadi’s rise to the position of prime minister. The article suggested that Abadi may not only turn his back on Iran but could also one day turn against Iran.

A number of domestic Iranian media outlets also covered Iraqi criticism of Abadi’s decision to cooperate with US sanctions, particularly comments by Iraqi groups who are politically aligned with Iran.

In an article for IR Diplomacy, analyst Mohammad Sadeghi al-Hashemi wrote that Iran “has always been honorable with respect to Iraq.” He asked how Abadi could make such a decision knowing that sanctions will lead to “hunger, poverty, sickness and deprivation.” He continued that Abadi’s support of US sanctions has “no benefit for the people of Iraq.”

Hashemi concluded that Abadi’s statement that Iraq will abide by US sanctions indicates that he is seeking Washington’s approval for the formation of his government after the elections. He questioned why Iraq should stand alone to support these sanctions when Russia, Europe, China, Pakistan and India have all expressed opposition to them.

Seyyed Hashem al-Mousavi, a spokesman for Kataib Hezbollah, a Shiite paramilitary group that receives Iranian support, asked, “Since when has the Iraqi nation become part of the project to sanction other nations?” Referring to the group’s fight against the Islamic State, he said, “We have given blood for the consolidation of the country and we will not allow anyone to encroach upon our independence.”

Echoing similar comments made by Hashemi, Mousavi said, “This is not a [United Nations] Security Council decision that we must submit to.” He added, “Two-thirds of the world is standing with Iran.”

Referring to Iran’s support in the fight against IS and Iranian advisers killed in Iraq by the terrorist group, Mousavi said, “It is not clear who is advising you? Is the reward for goodness not goodness that you cooperate with Iran’s enemies? How will you answer the people of Iran after they supported us with all of their being? How will you answer the families of their martyrs?”

Read more: Al-monitor.com

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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Thanks – BGG!!


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