Dinar Daily NEWS Blog – July 11th


Spokesperson: Coalition between Maliki, Sadr ‘unlikely’

ERBIL (Kurdistan 24) – The Political Bureau of Iraqi election winner Muqtada al-Sadr says a possible coalition with the Head of the State of Law faction, Nouri al-Maliki, is not possible as they hold him responsible for the fall of Mosul to the Islamic State (IS) in 2014.

Dhiya al-Assadi, Head of Sadr’s Political Bureau, said in a statement on Wednesday that forming a coalition with Maliki is unlikely because he holds legal responsibility for what happened in Mosul and other Iraqi cities due to his role as Commander-in-Chief of the armed forces at the time.

Assadi stated that Sadr had made more than one attempt to present projects aimed at building a fair state, noting it remains unclear whether Maliki’s faction will get any ministerial positions as the decision is not up to the Sairoon Coalition, which won the majority of votes in the May 12 elections.

According to Assadi, Maliki must first reveal the people involved in the fall of Mosul and hold them accountable for all the bloodshed, the lands occupied, and properties destroyed before an alliance is considered with his party.

“One of [Sadr’s] attempts is to create a technocrat-based committee to elect ministers to replace the ones in [Haider al-Abadi’s] cabinet,” he said, adding due to personal and political interests by decision makers, these plans were never implemented.

On June 23, Iraq’s parliamentary election winner Sadr and current Prime Minister Abadi announced that their political blocs would form an alliance.

Earlier this month, Sairoon and Iran-backed Hashd al-Shaabi’s al-Fatih Coalition, who finished runners-up in the polls, said they had reached an agreement to create the largest alliance in the next Iraqi Parliament.

Article Credit: Kurdistan24.net (Special Thanks to Charles Bright)
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The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners

Article Credit: Baghdadtoday.news

BGG ~ This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.

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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: $950 per million

www.TheDinarExchange.com

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
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Ghost (Dinar Guru) – When Obama pulled us out is when ISIL took over.  I don’t think we’ve come full circle yet…When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news.  When you see the news coming out of Iraq sometimes it’s totally tainted.  There is only one reliable newspaper over there, “The Baghdad Post.”  He doesn’t own that one.  The rest of them are completely fake news.  Completely!  All kinds of stuff about Sadr;  All the election stuff – it’s all under control. … I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had.  I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments.

Read more: http://www.dinarupdates.com/observer/
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Sadr abandons his only condition to support Abadi’s candidacy for PM

Sadrists say they will nominate next prime minister of Iraq

Head of Sadrist Movement Moqtada al-Sadr abandoned his only condition to support Iraqi Prime Minister Haider al Abadi’s candidacy to another term in office, a well-informed source in Sairoun coalition said.

The source explained that Sadr’s condition was Abadi’s resignation from Islamic Dawa Party in exchange for supporting his candidacy for another term in office.

In addition, the source underlined that Abadi has the capabilities to remain in office, as a result of his success in leading the country under difficult security and economic circumstances.

The Parliamentary elections was marked by record low turnout. It was the first since Iraq declared victory over the ISIS group and the fourth since the 2003 US-led invasion that toppled Saddam Hussein.

Article Credit: Thebaghdadpost.com (Special Thanks to Charles Bright)
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The Iraq Report: MPs fearing corruption charges flee Iraq en masse

As the partial manual vote recount begins to finally settle the controversy-ridden general elections held in May, Iraqi parliamentarians have been leaving the country in large numbers.

Iraq has suffered from a plague of corruption since the US-led invasion in 2003 installed a new government, and many lawmakers are concerned they will be caught in the net of the incoming parliament, who have many political scores to settle by way of corruption allegations and scandals.

Meanwhile, the terrible story of the rise and fall of the Islamic State group continues to trouble Iraq as a key witness to events leading to the fall of Mosul to the extremists was found murdered. The witness allegedly had evidence that could have implicated the administration of former Prime Minister Nouri al-Maliki, blaming his government for severe shortcomings that led to Iraq’s second city falling under the sway of dangerous jihadists.

Vote recount begins as lawmakers flee

With the Iraqi Supreme Court’s decision late last month to conduct a partial manual recount of the votes cast in last May’s general election, the process has finally begun in the oil-rich disputed city of Kirkuk in northern Iraq.

Iraqi officials began a hand recount on Tuesday, state television reported, in a move that is set to prolong the already lengthy formation of a new government.

Footage of dozens of ballot boxes lined up on the ground in a sports hall were televised, with the government stating that the recount would be undertaken before representatives from the United Nations and other political parties. The sports hall was also covered by security cameras and protected by elite counterterrorism soldiers.

The high security came as a suicide bomber attempted to blow up a truck in the warehouse where the ballots were being held on Sunday, just days before the recount was set to begin. Although the bomber failed to destroy the ballots, he succeeded in damaging the facility and killing at least two security officers and wounding 21 bystanders.

The fact that the manual recount process has begun in Kirkuk will not be lost on the Turkmen, Arab and Kurdish parties who contested the elections in the divided governorate. Immediately following the release of the election results, Arab and Turkmen communities cried foul as the Patriotic Union of Kurdistan (PUK) party swept the majority of seats, including in ethnically non-Kurd districts.

These fears were substantiated by the International Crisis Group, which reported several disturbing incidences of potential voter fraud a little over a week after the elections. ICG also reported how electoral results history showed that ethnically Arab and Turkmen districts tend not to vote for Kurdish political parties in Kirkuk, and therefore there was a high possibility of fraud in these districts where the PUK swept the opposition away.

The delay in verifying the election results has led to Iraq facing a parliamentary vacuum for the first time since the 2003 invasion, as parliament held its last session on Saturday. Although the recount has begun, that has not stopped the winning coalitions from attempting to cut deals with each other to form a new government, showing the recount is unlikely to change the outcome significantly.

However, the process has caused panic among dozens of former lawmakers, who have flocked to Baghdad International Airport and departed to a range of countries on one-way tickets.

The New Arab’s Arabic-language service reported on Sunday that around 45 politicians from various blocs had taken to the skies, heading for destinations including Turkey, Egypt and Iran, often with their families. An airport official said they could be fleeing the country before their parliamentary immunity expires, leaving them open to prosecution on charges of corruption levelled against them by the incoming parliament.

The New Arab meets: Haifa al-Amin, the communist preparing to take a seat in Iraq’s parliament

Iraq has been riddled with corruption, particularly since the US deposed the Baathist regime of Saddam Hussein and installed a new government. Rather than having a transparent democracy, Iraqis have long complained of corrupt officials profiting from dipping into public coffers and becoming overnight millionaires in a country struggling with poverty, unemployment and economic instability.

Key witness ‘assassinated’

A major witness in an investigation into the 2014 fall of Mosul to Islamic State group extremists has been assassinated, The New Arab reported on Tuesday.

Mohammed Salim al-Fatlawi’s corpse was found last week dumped on the side of the road between the cities of Babil and Karbala, a security source revealed. Foul play is suspected.

“The killing is directly related to his role in the investigation into the fall of Mosul,” claimed the source, speaking on condition of anonymity.

Fatlawi was a military communications officer in Mosul just before the city fell to IS militants in 2014 as Iraqi military and police personnel fled the city and left it to its fate. He had already spoken to a parliamentary commission about the circumstances that led to the city’s fall, and was due to give evidence about the final transmissions received from central command before the militants took over.

Fatlawi’s murder is suspected to be part of a cover-up, protecting senior political and security officials in the government of former Prime Minister Nouri al-Maliki, a pro-Iran Shia Islamist politician from the same party as outgoing Prime Minister Haidar al-Abadi.

A parliamentary report in 2015 held 36 officials – including Maliki – responsible for the fall of the city, but no action was taken against them.

Maliki has been accused of an array of failures, including failing to provide military units with clear orders for the defence of Mosul, as well as allegations that a general retreat was ordered despite some estimates placing the Iraqi army as having a 3,000-to-one advantage against IS. Maliki has also been blamed for cultivating a hyper-sectarian environment in which Shia security and governmental officials mistreated Mosul’s Sunni majority, allowing IS and other insurgent groups to infiltrate and recruit.

With the fall of Mosul being overshadowed by the triumphalism of its recapture – even though Mosul is now the scene of mass devastation – it is unlikely that any government failures will be highlighted and punished. This is particularly so as witnesses to these failures are now turning up dead, sending a clear message of the price one must pay for talking to investigators.

Operations against IS resume

Iraq’s IS woes are far from over, however, as the country launches another major operation supported by the US-led anti-IS coalition to tackle the group that the government declared defeated last December.

The “Vengeance for the Martyrs” operation was launched on Wednesday after the bodies of hostages executed by IS were found late last month on a highway north of the capital, Baghdad. IS had threatened to kill hostages if the government failed to secure the release of female prisoners, and carried out their threats when the authorities ignored them.

In retaliation, Baghdad expedited the execution of a dozen prisoners last Friday. The authorities also declared on Sunday the development of a Trump-like wall along the Syrian border, allegedly to keep militants from traversing the porous frontier.

However, the main issue attracting controversy is Iraq’s record in dealing with the wives and children of IS militants. Human Rights Watch (HRW) has urged the Iraqi government to deal with foreign women and children on a case-by-case basis rather than issuing blanket death sentences as a “one size fits all” solution.

Iraq has incarcerated 833 children from 14 different nationalities, and on Tuesday called for those countries to repatriate their charges. Iraqi law renders children criminally liable from nine years old, according to HRW, and many are being held without charge or trial in a shocking contravention of international law. They may be punished for up to 15 years in prison for violent acts, and many of them are being accused of being members of IS by virtue of having adult relatives who were militants.

Article Credit: Alaraby.co.uk (Special Thanks to Charles Bright)
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Ghost (Dinar Guru) –     …Malaki…basically raped the country of everything.  He marked up the dollar so merchants couldn’t get any money.  He made sure the program rate was very, very low.  He was adamant about stealing from the people… I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. …Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 – $7 per dinar…$4.25 to $7.70.  I have sources that have told me that.  They are unconfirmed at this point.  Feel so strongly IMO!

Read more: http://www.dinarupdates.com/observer/
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Al – Abadi ruled out the change of election results after re-counting and manual counting

​BAGHDAD (Reuters) – Re-counting will not change many of the announced results, with the exception of minor changes involving minor entities, a member of the victory coalition led by Prime Minister Haider al-Abadi said on Wednesday. , Especially as voter turnout was poor.

Al-Hayat quoted al-Hassani as saying today (July 4, 2018) that re-counting will not change much of the declared results, except minor changes that include simple entities in the western and northern parts of the country.

He added that “the recount of all votes by hand, will restore the confidence of the citizen politicians, especially as the turnout was weak because of the crisis of confidence suffered by the Iraqi people,” and felt that “partial recount will not take time,” and expressed hope that the hopes Who demanded it.”

The Iraqi Independent Electoral Commission (IHEC), which is mandated by the judiciary, has started a manual counting of voters in centers suspected of rigging and rigging the results. It announced the start of the counting process after the arrival of the team of judges assigned to Kirkuk and a number of other constituencies .

The newspaper quoted a senior source, who declined to be identified, that “the process of counting and partial sorting of the results of Kirkuk include more than 500 funds distributed to various centers in the province, including 190 funds have not sent data to Baghdad so far.”

“Strict procedures have been adopted by the panel of judges who are supervising the re-counting of the voices of questionable centers, including not allowing journalists and supervisors of electoral entities to enter their phones into the counting rooms . ”

The source revealed that “counting and sorting is not limited to the province of Kirkuk exclusively, but includes all the provinces that registered complaints and complaints,” pointing out that “the process of partial counting and sorting in all centers may take a full month, if there are no obstacles to prevent the flow of work.”

The Commission’s spokesman, Judge Laith Jabr Hamza, said in a statement that “the task entrusted to the Board of Commissioners under the third amendment to the electoral law, not in the form of some thought to see the mere recalculation of Voices, but includes a recount and manual sorting according to the legal context according to The laws and regulations in force for the elections, in addition to the procedures contained in the decision of the Federal Supreme Court in this regard.

It is worth mentioning that “the elections of the House of Representatives took place on 12 May last, and used the system of electronic voting, which is applied for the first time in the country, and faced the results of the election wave of objections, mostly political parties did not win, while a parliamentary commission of inquiry recorded irregularities related to fraud and mismanagement Elections.

Article Credit: http://sngiq.net/wordpress/?p=142432 (Special thanks to Charles Bright)
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Mnt Goat (Dinar Guru) –  So what do we look for once the Electoral Commission says all the re-counting is completed?  1.The Judicial must ratify the election results as completed (re-count of the ballots completed and certified by the Judiciary) looks like not until around end of July, as best.  2.seating the three presidents – new prime minister, speaker of the house and the ceremonial president and his three vice presidents.  3.  sense of political stability in Iraq.  4.maintained security with the region Note: I do not believe that the prime minister needs to seat his entire cabinet of ministers at this time for the RV

Read more: http://www.dinarupdates.com/observer/
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Don961 (Dinar Guru) –  Article:  “Learn about the security features of the world’s most highly traded currency”    Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world?? … Showing their security features … Just a random thing?? … Or on purpose?? …  To educate?? … IMO.

Read more: http://www.dinarupdates.com/observer/
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Some interesting headlines…

Maliki is currently without immunity and Iran is afraid of movement from Sadr to pursue him

Majid al-Nasrawi receives dollars and escapes to Iran after issuing arrest warrants against him

Rafidain Bank and KI partnership to provide global services soon

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Monetary policy .. fixed rate or partly floating?

Adel Abdul Mahdi – I have repeatedly written about the absurdity of the survival of the trillions of dinars outside the banking cycle, or frozen in banks, which instead of encouraging them to enter the banking cycle and turned them into investments and instruments for the stability of the monetary markets, exaggerated by the repressive measures, keen on the philosophy and loss of dinars.The economy has interests, relations and rights, governed by the laws of its interior rather than its appearance, moving towards points of attraction and escaping the points of danger .. This is why the nations are keen to increase the factors of encouragement and temptation, and resort mainly to the deterrent controls produced by the self-immunity of the movement of these laws, about her. We have repeatedly proposed adopting an encouraging vision in tax accounting and financial facilities, protecting money from arbitrary measures to escape, and eliminating the economy of the currency, the cash economy, which is the most important tool of corruption, which we talk about long.The rationality of rent and the rigidity of economic thought and its limited budget and collection, loans and foreign parts, and the neglect of real economic tools, put us in a vicious cycle of crises and lures and corruption .. Which leads us to more dependency and import and weak production and increase unemployment, I recently received a detailed report written by the end of 2014 one of the financial experts of one of the major banks, I saw useful publication of the most important paragraphs.

“There are three types of exchange rate: fixed (Iraq) .. Fully floating or moving (determined by market factors entirely) .. And partially or creeping (Lebanon) In order to determine the most appropriate system, the main economic indicators of the Iraqi economy should be: 44 billion dollars in the balance of trade, and surplus in the balance of payments about 30 billion dollars at the end of 2012 .. b) total foreign exchange reserves $ 71 billion at the end of 2013 .. c) the value of the monetary mass MO (paper and metal) ) M2 (M2 + demand deposits + mobile savings accounts) is about 73 billion.

Based on the assumption that 30% of the M2 will be available to citizens for daily expenses. This figure, according to the figures above, will be $ 22 billion. It is not used to buy the dollar and therefore does not constitute a demand for it. Some measures can be proposed to absorb liquidity: The disclosure of bank accounts and freezing them for reasons not related to the specific cases specified will contribute to the flight of capital from banks, And keep them in cash, constitute x (C) Issuance of treasury bonds to the public, which are subscribed by banks with a nominal nominal value of one bond, with periods ranging from one to two years, with attractive interest, to absorb up to $ 20 billion of the size of the monetary mass.

The Central Bank shall determine the price of the dollar, for example, 1170 for buying, and 1200 dinars for sale. B) The Central Bank shall release the market of the pieces and leave the banks and customers free to sell and buy. C) The Central Bank shall intervene or sell when the price is touched. The Central Bank reserves control of the market, especially in light of the presence of a cash mass of more than 23 billion dollars. In addition to other measures such as controlling the movement of money through border crossings, and encouraging citizens to deposit their savings in banks, And easing of strict measures, in the neighborhood Money Traceability can be tracked and moved. ”

Article Credit: Nrttv.com (Special Thanks to Vernell Washington)

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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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Iraq officially exits the FATF International Financial Control List

BAGHDAD / Tomorrow ‘s Press: announced the International Financial Action Task Force “FATF”, on Sunday, “officially” out of Iraq from the follow – up area thanks to the achievements of the Iraqi Central Bank and the Office of the fight against money laundering and the financing of terrorism “significant progress”.

The Central Bank of Iraq said in a press statement that “the International Financial Action Task Force officially announced the exit of Iraq from the follow-up area, because of the achievement of the Central Bank of Iraq and the Office of AML / CFT of significant progress in improving and addressing shortcomings.”

He added that “Iraq has fulfilled all its obligations towards the recommendations of the group and address the requirements of the strategy of combating money laundering and financing of terrorism prepared by the Central Bank of Iraq.”

“In addition to the enactment of the Anti-Money Laundering Law No. 39 of 2015, the issuance of instructions and regulations and the establishment of the Anti-Money Laundering and Terrorism Financing Council, as well as the Committee for the freezing of terrorist funds.”

“Thus, Iraq is no longer subject to monitoring and follow-up by FATF,” the bank said.

Article Credit: Alghadpress.com (Special Thanks to Vernell Washington)

BGG ~ It means – ONE STEP CLOSER!!

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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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Thanks – BGG!!

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