Dinar Daily NEWS Blog – Sept 2nd

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Word for the day…

Philippians 4:8 (NKJV)

8 Finally, brethren, whatever things are true, whatever things are noble, whatever things are just, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy—meditate on these things.

Heavenly Father, Thank You for Your Word, The Bible! Help us to meditate on whatever things are true, noble, just, pure, lovely, good report, virtue, and praiseworthy. Thank You Holy Spirit for helping us 🙂 In Jesus Name, Amen.

Mrs BGG

home7

Iraqi Dinar/Dollar auction 02-09-15

Currency Auctions Announcement No. 3027 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 02-09-2015

The results were as follows:

DETAILS NOTES
Number of banks 26
Number of remittance companies 9
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 166,803,229
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 166,803,229
Total offers for selling (US$) —–

More: http://dinarupdates.com/observer/
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Don’t go around saying the world owes you a living. The world owes you nothing. It was here first. – Mark Twain

*** Current News ***

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Read More: http://www.dinarupdates.com/

BGG – Article quote:  “Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud…”  …once Medhat al-Mahmoud is gone – Maliki has ZERO fall back position. …these protests asking for Medhat’s removal are a big deal

Read More: http://dinarupdates.com/observer/
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From a DU Reader…

BGG,

What would you think might happen to the markets if I told you that the USD would increase in value by .10 every month for the next three years.

I wonder about inflation…speculation…currency hoarding…contracts…the list kinda goes on and on.

But then we are all entitled to an opinion and this is marked as such…so fair is fair but where is the common sense in this…just pondering for the day

Have a great day and keep up the great work – especially your updates. I continue to be
a supporter of DU. You all COLLECTIVELY do an amazing amount of work for us.

~ Foxrun
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Dinar Updates ‏@DinarUpdates 

 3s4 seconds ago

Dinar Updates retweeted Ahmed Ali

BGG ~ I made note of Mahmoud “politic-ing” the other day – this appears to be what he was after… strange for a judge…

Ahmed Ali @IraqShamel

Now, this is interesting: After PMUs, Iraq’s embattled chief judge receives endorsement from major Iraqi Sunni bloc:

BGG ~ The rats are lining up on one side – Abadi on the other, I think Mahmoud will be crushed before this is over…

The “PMU’s” refer to the militias – which Sistani has great sway over. I don’t think Ameri (or Mahmoud) will win this fight.

The political corruption MUST END – the WB/IMF is INSISTENT – and these jokers just can’t manage to leave the trough. They (Allawi – Maliki – Mutlaq and others) are clearly showing themselves as defending their corrupt way of life.

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Atwani: Abadi powers to sack corrupt people including Mahmood

Information / special / .. confirmed former MP for the coalition of state law Fri Atwani, Tuesday, that the dismissal of the Chief Justice Medhat al-Mahmoud fall within the powers of the Prime Minister Haider al-Abadi., Said Atwani told / information / that “can the Prime Minister Haider al-Abadi provide request to the House of Representatives and the Committee of the Supreme judiciary in case generated has the conviction to dismiss Judge Medhat al-Mahmoud, “pointing out that” Mahmoud carry out his functions as head of the Judicial Council by proxy.

“He added that” the powers of the Prime Minister Haider al-Abadi allow him to dismiss people spoilers in the state after the vote on them within Council of Ministers.

“The Medhat al-Mahmoud reached the legal age at which it carries prevent judicial work, as well as suspicions of corruption swirling around him in a lot of issues, including the issue of Spyker Alshahyrh.anthy / 25

http://www.dinarupdates.com/showthread.php?19257-Atwani-Abadi-powers-to-sack-corrupt-people-including-Mahmood&p=129444&viewfull=1#post129444

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For a peek at all the most up-to-date DU News – check the Iraq News Thread (in the forum)…

http://www.dinarupdates.com/forumdisplay.php?5-Current-Iraq-NEWS

(Please note – we are posting daily News Articles slightly differently now)sales-of-more-than-five-billion-dollars&p=129128&viewfull=1#post129128

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Meet the man trying to bring Iraq back from the brink

By Mohamad Bazzi August 31, 2015

Riot policemen stand in front of protesters during demonstration against the poor quality of basic services, power outages and calling for trial of corrupt politicians in Baghdad

Riot policemen stand in front of protesters during demonstration against the poor quality of basic services, power outages and calling for trial of corrupt politicians in Baghdad, Iraq, August 28, 2015. REUTERS/Thaier al-Sudani

On August 16, an Iraqi parliamentary report named Iraq’s former prime minister, Nouri al-Maliki, among dozens of officials responsible for the collapse of security forces and the fall of Mosul to Islamic State militants last summer. In his eight years as premier, corruption thrived and Maliki repeatedly purged the Iraqi security forces of those he suspected of disloyalty.

Iraqis now hope that Maliki and other officials will stand trial and be held to account for why militants were able to capture the northern city with so little resistance. (Maliki dismissed the parliamentary investigation as “worthless,” and he blamed Mosul’s fall on a conspiracy by Turkish and Kurdish leaders.)

At the same time, Maliki is poised to lose his ceremonial post as one of Iraq’s three vice presidents under a series of reforms that the current prime minister, Haider al-Abadi, is trying to enact. After weeks of popular protests in Baghdad and other cities against corruption and the government’s failure to provide basic services, Abadi sought to reform Iraq’s political system by eliminating several high-level positions, reigning in government spending and removing sectarian quotas in political appointments.

Most prominently, Abadi scrapped the posts of the three vice presidents and three deputy prime ministers. The positions were largely symbolic but included large budgets that allowed these officials to reward their supporters with patronage jobs. While several other politicians lost their positions, Abadi’s measures were intended to detach his rival Maliki from the power structure in Iraq.

But Maliki is a survivor, and it’s a mistake to count him out of Iraq’s intricate politics because he is losing his post as vice president and he faces a potential trial. Maliki still has a base of support among some Shi’ite factions and militias that view Abadi as weak and too eager to offer concessions to Iraq’s Sunni minority.

Since he was forced out of office last year, Maliki has become a champion of the mainly Shi’ite volunteers and militias that are leading the fight against Islamic State under the banner of “popular mobilization units.” Many of these volunteers answered a call to arms by Iraq’s top Shi’ite cleric, Grand Ayatollah Ali al-Sistani, urging all able-bodied Iraqi men to join the security forces and stop Islamic State’s advance after Mosul’s fall. Tens of thousands of Shi’ite volunteers showed up at recruiting centers to sign up for the Iraq security forces, or the militias.

Abadi has tried to overhaul the Iraqi military and security forces, which are under his control. Last year, he announced that an initial investigation had uncovered 55,000 “ghost soldiers” in the army — nonexistent troops who were on the government’s payroll and whose salaries were collected by corrupt officers. Abadi is now expanding his anti-corruption drive to eliminating patronage jobs and other perks provided to many government officials, including large security details.

But Abadi risks a backlash from other power centers in Iraq, including some of the Shi’ite parties connected to militias and within the ranks of his own Dawa Party, a Shi’ite Islamist group where Maliki still has strong support.

Even as Maliki tries to undermine him, Abadi needs to assure Iraq’s Sunnis that he will be able to reverse the legacy of his divisive and sectarian predecessor. Since Abadi took office last September, Sunni political leaders have made several demands: amnesty for tens of thousands of Sunnis imprisoned — in many cases without judicial review — by Maliki’s regime in the name of fighting terrorism; greater power in the new government; an end to aerial bombardment of Sunni towns; and a more significant role in the Iraqi security forces, which Maliki cleansed of many senior Sunni officers.

Abadi has responded to some of these demands, releasing prisoners and ordering an end to the Iraqi air force bombings of Sunni areas. But for the most part, the Shi’ite militias are outside his control. Many Sunnis cringe at the memories evoked by the reestablishment of Shi’ite militias. These groups carried out widespread kidnappings, torture and killing of Sunnis during the sectarian war that raged in Iraq from 2005 through 2008.

Many of the Shi’ite militias depend on Iran for weapons, funding and training. Since Islamic State militants swept through northern Iraq last year, Tehran has mobilized to protect the Shi’ite-led Iraqi government from the jihadist threat. General Qassim Suleimani, commander of the Quds Force of the Iranian Revolutionary Guard Corps, traveled to Baghdad at the start of the crisis to coordinate the defense of the capital with Iraqi politicians and military officials. Suleimani also directed Iranian-trained Shi’ite militias — including the Badr Brigade and the League of the Righteous, two notorious militias responsible for atrocities against Sunnis — in the fight against Islamic State.

When the United States invaded in 2003, Shi’ites made up nearly two-thirds of Iraq’s population of 25 million. But members of the Sunni minority had ruled Iraq since its independence in 1932. The Shi’ites had waited seven decades for their chance to rule, and it’s not surprising that they would consolidate power after the American invasion. But Maliki and other leaders manipulated a dysfunctional political system, put in place by the United States and the United Nations after 2003, to concentrate power and exclude Sunnis.

As Maliki struggled to remain in power, he became more dependent on Iran, which is the dominant external power in Iraq. Maliki was a reliable ally who allowed Iranian flights over Iraqi territory to transport weapons and manpower to Bashar Assad’s regime in Syria. Maliki also paved the way for thousands of Iraqi Shi’ites to cross the border and fight alongside the Syrian regime.

Abadi inherited this sectarian and dysfunctional political system. He must unify a fractured Iraq, by assuring Sunnis that the central government will protect their interests, while keeping rivals like Maliki in check. Abadi must also ensure that his predecessor stands trial for his corruption and the failures that helped empower Sunni extremists — and led to the catastrophe that has unfolded in Iraq.

http://blogs.reuters.com/great-debate/2015/08/31/meet-the-man-trying-to-bring-iraq-back-from-the-brink/

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Commercial Solicitation

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CURRENCY CODE SELL BUY

US dollar USD 1166.000 1164.000

CURRENCY CODE SELL BUY
US dollar USD 1166.000 1164.000
Euro EUR 1310.118 1309.463
British pound GBP 1790.160 1789.265
Canadian dollar CAD 884.741 884.299
Swiss franc CHF 1211.429 1210.823
Swedish krona SEK 138.235 138.166
Norwegian krone NOK 140.030 139.960
Danish krone DKK 175.539 175.451
Japanese yen JPY 9.636 9.632
Special
Drawing Rights
SDR 1641.565 1640.744

Indicative rates – 09.02.2015

http://www.cbi.iq/

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