COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK
The Commission on Reconciliation, Accountability and Justice in the House of Representatives, that next week will see the announcement of the names of about 5,000 people included in the seizure of funds.
The head of the committee Hisham al-Suhail told the news agency, “The Supreme Commission for Accountability and Justice ended the names of all those involved in the seizure of funds,” noting that there is some delay from the Secretariat General of the Council of Ministers not to form a special committee, calling for the urgency of issuing instructions and the formation of the Committee through an approach The competent ministries shall designate the general directors who shall form the committee.
Al-Suhail, who is covered by the decision to hold the money, estimated about 5,000 persons, while the names of tens of thousands will be issued and they can be disposed of afterwards.
Read More: http://www.dinarupdates.com/showthread.php?56297-Announce-the-names-of-5-000-people-included-in-the-seizure-of-funds-this-week&p=181258#post181258 (Special thanks to Vernell)
BGG ~ Funny how that works… about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq.
According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now.
P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…
It is critical to Iraq’s long term success to get a handle on the endemic corruption.
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Flooding (floating) the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy
Majid Al – Turaihi – In light of the results of the Kuwait Conference, which is not encouraging in solving the Iraqi economic problem, especially after the destruction resulting from the war on terrorism, we must think about radical solutions and benefit from the experiences of other peoples
I would like to refer to the experience of two countries at the present time, which is the experience of poor Egypt and the experience of the Venezuelan oil-rich country
The experience of the sister banker float the Egyptian pound in 2016, which produced my results after only one year of floating the first year float .. Egypt stronger “in numbers” after the liberalization of the exchange rate .. Cash reserves jump from 19 to 36.5 billion dollars .. And 56 billion dollars to save Imports, 13.7 billion dollars in surplus payments and 17.3 percent increase in foreign transfers…
BGG ~ Relax folks… this is an OP – ED piece (which means Opinion Editorial – a writer’s opinion). It doesn’t mean they will do this. However, it does give us a peek into the current political climate.
Very interesting… there has been much conversation over whether this meant “flood” or “float”… in context, based on the Egyptian references and Alak’s recent comments showing his averse position on this idea, I’m convinced this reference is to an actual “float” of some kind.
Sounds like to me – this wasn’t their first choice but people are so tired of the corrupt process, some might be willing to try.
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Central Bank of Iraq Auctions $198,173,094 on 15 February 2018
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on February 15 registered $198,173,094 in sales, a 8.69% volume increase from the US $182,320,645 sold by Iraqi Dinar, credit and transfer at the previous auction held on February 14.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on February 15 compared to the previous auction.
Data for the February 15 auction was made public by CBI Announcement Number 3636.
Dollar sales in the in the period January 1, 2018 to February 14, 2018 saw an increase of -1% compared to the sales of US $4.75 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.
An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to February 2018, sales of US dollars averaged US $1.81 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.
BGG ~ I will continue to highlight the regular auctions. After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S… one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions.
So, obviously, that’s not true… so what is it?
Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from.
I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. Kurdistan has been under very tight controls since snubbing the world diplomats with this sham vote pushed by Barzani.
Why was it a sham vote? Simple fact: you can’t just take what isn’t yours to take just because you vote on it.
Back to my previous rebuttal – anyone who actually had money in Kurdistan would have either gotten it out or is REALLY “up a creek”… likely just more B.S.
So…
1) Fewer auctions?
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced.
Hence, the price goes up.
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Abadi: We have sent to the parliament a new amendment to the budget for approval
Prime Minister Haider al-Abadi announced the sending of a new amendment to the budget to parliament for the vote and approval, stressing at the same time that the federal government will not stand against the Kurdish people with regard to the budget of the Kurdistan region.
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BGG (Dinar Guru) – Article: “Speaker Jabouri calls 2018 Iraqi budget bill ‘unconstitutional,’ rejects to pass it” Quote: “…Salim al-Jabouri said the parliament will not approve cutting the salaries of civil servants.” IMHO, this has very little to do with the actual budget they are trying to get passed and much more about political alliances being developed for the upcoming elections. Seriously?!? Jabouri cares at all about the KRG share?? No. I think not. All part of the process – it will happen.
Read more: http://www.dinarupdates.com/observer/
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sandyf (Dinar Guru) – I get the impression that many perceive currency coding as nothing more than window dressing, nothing could be further from the truth. Currency codes are the backbone of all financial systems. Every computerized accounting software operates on a base currency and once set that currency code cannot be altered. When a country needs to introduce a new currency, the code must first be issued by the ISO, accounting software needs to be amended and a new set of accounts created in the new currency. This is why I often remind people that a redenomination cannot happen overnight nor in secret. One thing you can be sure of is that Iraq, or any other country is not going to be introducing a new currency anytime soon. It should be noted that the introduction of alternative denominations is an addition to an existing currency and not a new currency.
Read more: http://www.dinarupdates.com/observer/
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Iraq’s rebuilding cannot start without reconciliation
The president of the United States Institute of Peace, Nancy Lindborg, who has just visited Iraq, says divisions in the country remain an underlining problem.
And although Iraq’s Prime Minister, Haider Al Abadi, announced a military victory against ISIL in December, there must be a focus on reconciliation to bridge inter-sectarian differences, she stressed.
Iraqis are “alert that although the military campaign is over, Daesh and its ideology is still there,” Mrs Lindborg told The National in an interview in Abu Dhabi.
“A person told us that Daesh didn’t come from a different planet, it came from the grievances that existed in Iraq.”
With parliamentary elections scheduled for May, Iraq’s politics remain divided along sectarian lines, with Shiite politicians in the main positions of power, with many Sunnis – who have boycotted elections in the past – saying they remain sidelined. The future of the semi-autonomous northern region of Kurdistan also remains unresolved after an unsanctioned referendum on independence last autumn.
For Mrs Lindborg, reconciliation is people’s necessary “mechanism for discussing what is the divide in their community without resorting to violence.”
The government must ensure that it creates an “inclusive and accountable way of governing the country so it’s a government for everyone,” she said. Iraq’s weakened social fabric along with widespread corruption are a stumbling block to efforts to recover from its three-year conflict with the insurgents.
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Aggiedad77 (Dinar Guru) – Article: “The House of Representatives concludes reading and discussing the Federal Budget Bill of 2018 In policy February 13, 2018” WELL LET US SEE WHAT THURSDAY WILL BRING FOR PARLIAMENT…THINK ABOUT IT…THE DAY AFTER THE KW CONFERENCE…SO WILL THIS BUDGET HAVE AN IMPACT ON WHAT WAS DONE AT THE CONFERENCE…IFO…NO… IMO… NO… BUT WE KNOW/SUSPECT HIGHLY WHAT THE FINAL OUTCOME OF THE BUDGET WILL BE…LOADED WITH STARS…PRIMING IRAQ FOR A FRESH NEW START…A START THAT DOES NOT INCLUDE AN ACTIVE WAR AGAINST TERRORISM, BUT INSTEAD A FOCUS TOWARDS THE REBIRTH OF THEIR ECONOMY, THEIR COUNTRY AS A NATION TO BE RECKONED WITH BY THE WORLD…MAYBE THE LION WILL ROAR IN KUWAIT TOMORROW [WEDNESDAY]…IMO IT WAS CERTAINLY AWAKENED THERE TODAY WITH THE GOINGS-ON THAT WE’VE SEEN…OPTIMISTICALLY EXCITED…THAT BE ME…IMO…3…2…1…
Read more: http://www.dinarupdates.com/observer/
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Mike (Dinar Guru) – Article: “Corruption, bureaucracy and armed practices threaten 157 Iraqi projects at the donor conference” Parliament just passed a law protecting those in government from prosecution for corruption, their timing couldn’t have been worse. I realize the west doesn’t want to leave Iraq vulnerable to Iran’s influence, but at this point, Iraq is in Iran’s back pocket, losing them to Iran has already happened. These folks can’t even agree on a 2018 budget, how can they expect the world to donate billions when they can’t even balance their own checkbook? The world has stood up and done everything it can to help this country… These guys have got to put on their big boy pants and act like they care about the country and its citizens, if they don’t, the world won’t. IMO.
Read more: http://www.dinarupdates.com/observer/
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Barzani: Ready to solve our problems with Baghdad
Arbil / .. The head of the Kurdistan Regional Government, Nechirvan Barzani, on Wednesday, the region’s readiness to resolve problems with the federal government on the basis of the Constitution, while expressing his hope for continued US support for the Peshmerga forces.
The Presidency of the Kurdistan Government in a statement received “Eye of Iraq News”, a copy of it, “The Kurdistan Regional Government President Nechirvan Barzani and his deputy Kibad Talabani and a number of officials of the Kurdistan region met with a delegation of US military and diplomatic led by US Central Command commander Jean Joseph Futil,” indicating that “The meeting discussed the military and security situation in Iraq and the Kurdistan region, and the post-elimination of Daqash as well as the technical committees talks between Arbil and Baghdad and my meeting Barzani and Prime Minister Haider Abadi in Baghdad and Davos.”
Barzani praised the “continued support and military assistance to the Peshmerga forces in the war against Daqash, expressing his hope for continued assistance,” reiterating the “readiness of the Kurdistan Region to resolve problems with the Iraqi federal government on the basis of the Constitution.”
For his part, Fotil stressed the “continued US military assistance to the Peshmerga forces,” expressing at the same time “his support and satisfaction of the dialogue between Arbil and Baghdad.”
The Kurdistan region suffers from an internal political and economic crisis following the holding of the independence referendum on September 25, while the relationship between the federal government and the Kurdistan region is strained, prompting the central government to impose several measures, including stopping international flights at Erbil and Sulaymaniyah airports.
Read More: http://www.dinarupdates.com/showthread.php?56273-Barzani-Ready-to-solve-our-problems-with-Baghdad
BGG ~ If Barzani is thinking he’ll get the US to come down on the side of the Kurds between them and Baghdad, he’s fooling himself. Especially after how his uncle snubbed the “all-in” diplomatic efforts of the world at critical moments in recent Iraq history. Barzani clearly showed he put his personal agenda ahead of everyone.
P.S. Has it gotten COMPLETELY past everyone the KRG has had a complete government rearrangement (not actually changing anything)… WITHOUT A SINGLE VOTE BEING CAST?? No Parliamentary elections, No local elections, No nothing… still a Barzani heading it up, still a Talabani riding shotgun – but no ballot boxes anywhere. Funny how that works.
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Some interesting headlines…
Interview: Iraq hopes to start new chapter after Kuwait conference
Tilerson begins a regional tour of Iraq reconstruction conference
Businessmen seek guarantees against bureaucracy to invest in Iraq
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World Bank: Iraq is the best place to invest in the world
The Internatinal Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.
“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.
“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.
Read More: http://www.dinarupdates.com/showthread.php?56255-World-Bank-Iraq-is-the-best-place-to-invest-in-the-world
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$30bn Pledged to Iraq – Time to Act!
Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group.
While this is well short of the $88 billion in funding estimated to be needed, it is still a very significant boost for the country’s reconstruction programme, and will greatly improve the quality of life for millions of Iraqis.
Commenting on the outcome, UN Secretary-General António Guterres said:
“After the last three days in Kuwait, I feel hope for a new Iraq that is open for business and prepared to face the next challenge of rebuilding communities while reconstructing schools, roads, bridges, hospitals and public infrastructure.
“A prosperous Iraq will be a pillar for development and stability in the region.”
Many readers of Iraq Business News will play key roles in this reconstruction effort, and we would like to wish them every success in this important work.
(Special Thanks to Charles Bright)
BGG ~ I did say this was going to happen – didn’t I??
They were actually talking about 100 Billion in “grants” (all along)… not 88 billion and not a single “grant” in sight.
Looks like Iraq is gonna’ have to earn it. No one is giving it away today.
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Click this link to join the DU “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
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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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