Baghdad, al Sadr populists and premier Abadi allies form new government
Sixteen movements and political parties reached an agreement for the birth of the most important parliamentary block. The list can count on 177 seats (out of a total of 329). Today inaugural session of the Chamber, called to elect the next Speaker of Parliament. Within 30 days the Head of State.
Baghdad (AsiaNews / Agencies) – Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government.
A close associate of Abadi explained that the block includes 177 deputies elected to the May legislatures. More than half of the 329 seats of which Parliament is formed and which represents a solid basis in the classroom for the future executive.
This morning the inaugural session of the new Parliament is scheduled, during which the president will be elected (a Sunni, by tradition). This will be joined by two other deputies.
The deputies then have 30 days to choose the future president of the Republic, in this case a Kurd according to the recent history of the country. He will have to get two thirds of the parliamentary seats and, once elected, will have 15 days to entrust the task to the largest block – in this case Sadr and Abadi – for the formation of the government.
The Kurdish parties, divided within them, have yet to formalize the names of the candidates for president, the most important in the country although it plays a largely symbolic role. At the same time, the outgoing premier Haider al-Abadi. supported by the West and having reached third place in the last elections with its 42 seats, will almost certainly maintain his position as head of government.
Analysts and experts recall that the Iraqi political system is designed so that no one, leader or political group, can dominate parliament; the goal is to prevent the return of a dictator or strongman, after the fall of Saddam Hussein in 2003.
The start of parliamentary work and the birth of a block that has the numbers to form the new government ends months of doubts and uncertainties related to allegations of fraud that emerged following the vote. The country can therefore put behind itself a long period of political stalemate and face the many unresolved challenges: the war against the jihadists of the Islamic State (IS, ex Isis), the economic crisis, unemployment, corruption, the return of migrants and displaced, even Christians.
Read More: Dinarupdates.com “Current Iraq News Thread”
BGG ~ Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds.
Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
…but as I postulated on the recent call – a misstep like this on Barzani’s part could spell trouble for he and his party in the upcoming regional elections.
He’s had a couple of monster political fumbles. This is a biggie.
The Kurds should have signed quickly. Instead they tried to be the “king makers” (like they were last time) and it blew up in their faces.
BTW – the electoral possibility was always there for it to work out like this (as I explained). However improbable, it was not an impossible scenario. The math was there – but WHOA. Big statement by Iraq.
These smaller parties realized, if they didn’t get in quick, they would be the ones left scratching for crumbs. As it turns out, they have put themselves in a much better position for the future.
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – Conference Call
BGG & Company from Aug. 28th
CST 641-715-3639 pin# 932875
Replay Link – https://d.pr/WczPbF
______________________________________________________________
Iraqis are waiting to activate the law of the National Oil Company in September
Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis. To abide by the date stipulated by the law, to restore confidence between the street and the government, especially that the law will give each citizen a share of the oil of his country.
The law of the National Oil Company includes a clause that the Executive Authority must implement six months after its approval by the Chamber of Deputies. The law entered into force on 17 April last after it was published in the official newspaper. On 5 March, Which gave each Iraqi resident within the country a share of oil deducted 10 percent of total sales.
The MP for the province of Basra, Abdul Salam al-Maliki, the government to «respect the date provided by the law, most citizens are convinced that any law benefit from it financially initiated and not work, which will increase internal tension».
Maliki said in a statement that «the law is a national achievement distinctive, and almost the best for the Iraqis since 2003, as will give each Iraqi share of the oil of his country in a fair and clear».
He stressed that «the provisions of the law can reduce poverty rates and increase the welfare of the citizen and strengthen the national spirit and the sense of equality for all». “This law does not include Iraqis abroad. Therefore, it will be considered an invitation to the return of our children from the expatriates and immigrants. Our country is poor, but the conditions forced citizens to travel, along with the mismanagement and occupation, and resulting in chaos and corruption that led to unsatisfactory results for the people.”
As for the conflict of law with other laws, Maliki said: “It will not conflict with any other law such as petrodollars or oil licenses and oil investment agreements with foreign companies, because it is a deduction of 10 percent of the proceeds of selling oil in the United Nations Development Fund for Iraq, The transfer of funds to the Central Bank, which will distribute the amounts in the form of shares on behalf of every citizen ». And the quotas of oil-producing provinces,
Maliki said that «the budget and in agreement with the Prime Minister granted provinces producing under the Petrodollar 20% will be devoted to the fulfillment of debts or allocations that have not been implemented during the past years with the actual quota of 5 percent for each barrel product, will be allocated service projects to productive provinces and develop their reality Al-Omrani, Al-Khademi and others. ”
“The National Oil Company has allocated a fund for generations, and the shares in the national company is not bought or sold because it belongs to the citizen, a law that would achieve economic benefit for the Iraqi people,” said a member of the former oil and gas committee. The law required the Kurdistan region to hand over the quantities of oil produced in its fields to the national oil marketing company «Sumo», otherwise they will not be given to the residents of the region ».
Source: Al Hayat newspaper
Read More: Dinarupdates.com “Current Iraq News Thread”
BGG ~ I’m still not sure if I believe this is a real piece of news or political rhetoric…
______________________________________________________________
Mnt Goat Article: “DUE TO THE ABSENCE OF A POLITICAL AGREEMENTS THE FIRST PARLIAMENT SESSION COULD BE POSTPONED TO SEPTEMBER 15 DUE TO POLITICAL DIFFERENCES” Just got word that they may postpone the first session until Sept 15th…It appears maybe this ongoing elections saga is NOT yet over…
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
BGG ~ Where are we with this investment?
It’s something I get asked all the time. So many have been wrong – me included.
Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country.
I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking.
How is this formation coming along? There are now two main groups competing for the chance to form the next GOI.
On one side you have the “Nucleus” of Sadr, Abadi, Hakim and Allawi… roughly 136 seats (the largest bloc will need at least 165). Abadi seems to be the clear favorite from this group to lead for another term.
On the other side there is Ameri and Maliki with 73 seats – it seems to me, most of the delay has been from this side of the aisle. They have burned ballot boxes (Maliki, that is…) cried fraud, stalled, steered, stared and stalked over and over.
Why? They need to delay things long enough to cause some drama and along the way figure out how to patch together some kind of wicked alliance that will get them to 165.
The remaining players (still in play and up for grabs) are the KDP with 25 seats, the PUK with 18 seats and the “National axis” created just recently of middle of the road Sunnis – Nujafi, etc, etc, etc… who have roughly 20 seats. These three groups (the KDP, PUK and the Axis) appear to have entered into some kind of loose negotiating alliance with one another.
Whichever side attracts this group or part of this group, probably wins.
(See this source article: http://www.rudaw.net/english/middleeast/iraq/150820181)
Barzani has been making noise that he and Maliki are the closest. This doesn’t surprise me. These two have been in some hinky, crooked alliance going way back.
However, there is also news the Sunni “axis”, with those roughly 20 seats are already about to join the “Nucleus”… if this is true… and if the recent news of Sadr and Abadi making big concessions in Kurkuk to the Kurds (not to the Barzani family directly)… is accurate… well, from there the electoral math for Ameri and Maliki gets very, VERY difficult. I’ll leave you to your calculators.
When? No clue – but all of the above is why Abadi has been pushing for a quick resolution. Sooner is better for them and worse for the bad actors. Speaking of which – it would also not be impossible for a late stage defection of Ameri to the “Nucleus”… it’s on the table. When he gets the idea it’s inevitable, he may well move.
As a footnote: one more bad move by Barzani (as in; the referendum) landing him on the wrong side of history with his hand in the cookie jar… might well get he and the KDP HAMMERED in the free and fair KRG elections supposedly coming in September – which you can bet will be overseen by the UNHRC (the UN).
In fact, the PUK (Barzani’s counterparts in Kurdistan) might well allow Barzani to make such a move and then split from him – aligning with Sadr and Abadi… If this happens, it’s a slam dunk for the “Nucleous” without Barzani. It would also probably doom Barzani and the KDP in the fall. Not an impossible scenario.
Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction.
______________________________________________________________
Adam Montana […if the current leader doesn’t stay in…who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the “who’s who” and “where they are” on the totem pole over there… all of my possibilities that I’ve drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi’s current role… that would be a serious setback of at least a couple years, IMO. I don’t see that happening… If it doesn’t, then I think we’re going to be in good hands.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
BGG ~ If you need a quote to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.
Our Current Sale Price is $995 per million.
www.TheDinarExchange.com
______________________________________________________________
Iraq’s Maliki sidelined as Kurds and Sunnis seek Sadr coalition
Sadr’s Sairoon bloc says it expects deal to establish biggest alliance in parliament
Iraq’s Kurdish and Sunni blocs have expressed their willingness to form a coalition with election winner Moqtada Al Sadr, an indication that former Prime Minister Nouri Al Maliki, who is seeking power, could lose his grip over the country’s political scene.
Mr Al Sadr’s Sairoon bloc and Mr Al Maliki’s State of Law coalition have been competing to strike a deal with the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) as well as Sunni blocs to establish the biggest ruling alliance in parliament.
“There are signs of agreement between the Kurds and the Sunnis to ally with Sairoon,” Raed Fahmi, a prominent politician in Sairoon’s bloc said on Sunday.
Yet, Kurdish parties will play a central role in the formation of the next government as they collectively secured over 40 seats in the May elections. They have yet to officially announce their alliance.
The Kurdish parties have set conditions for allying with the major blocs, PUK leader Arez Abduallah said in a statement.
“Our conditions are constitutional and include the existence of a government with a true national partnership that is in balance with the constitution,” Mr Abduallah said, adding that his party will ally with the bloc that is “consistent with our political vision”.
The development is seen as a blow to Mr Al Maliki’s efforts as he seeks to gain support from the northern Iraqi parties. During his time in power, he was criticised for alienating Sunnis and Kurds by excluding them from key positions and undermining power-sharing in Iraq.
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
______________________________________________________________
Adam Montana […tell me what do you really think the value will be once this is RV…] I’ve been a long time supporter of a .10 RV.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I’m optimistic over their constant improvements in their political processes – it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith… sometimes both come in handy.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Some interesting headlines…
Iraqi Sunnis form ‘National Axis Alliance’ to have voice in new government
Iraqi President urges new lawmakers to quickly hold first session
______________________________________________________________
URGENT Member of wisdom: National axis may join the larger bloc next week
Member of Wisdom: National Axis may join the larger bloc next week
(Baghdad: Al-Furat News) Rajah member of the National Wisdom Movement Mohammed al-Husseini joined the National Axis of the largest bloc next week.
“The features of the formation of the largest bloc existed before the meeting of the Babylon Hotel, and other than that is the words of media,” he said, adding that “welcoming any demands within the roof of the Constitution and the law and otherwise are rejected.”
He pointed to “the adherence of some political forces to certain demands and positions,” pointing out that “there is Kurdish flexibility and we believe that the demands will be according to the Constitution.”
Husseini added that “any demands that violate the constitution will open the door of external intervention and produce a fragile government,” noting that “the coming days will produce a big event to help us quickly form the largest bloc,” explaining that “next week the nucleus of the largest bloc will be five and may join the national axis ” He said.
“We do not want to form a government on the basis of partisan and partisan interests, and there is no alliance in the political arena is greater than the alliance of the nucleus of the largest bloc.” He pointed out that “we are heading to form a national majority and can not be achieved without the Kurds and other representatives of social components, “We do not have red lines on anyone, but we put them against any alliance or sectarian and national bloc, because we will return to the previous failed experience in the participation of everyone in the government and everyone opposes it.”
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
A new alliance brings Abadi back to a second term and excludes Amiri and Maliki
Baghdad / The US administration, through the envoy of its president, Brett McGurk, who has been in Iraq for some time, exerted great pressure on the heads of the winning lists in the elections, which led to the approval of the re-nomination of Prime Minister Haider Abadi for a second term and contributed to the removal of the head of a coalition of state law Nuri al-Maliki and the head of the Fatah alliance Hadi al- National Security Faleh Al Fayad from the circle of competition.
The winning forces announced in the elections that they seek to form a parliamentary alliance transcending sectarianism ensures participation of all in the new government after a series of meetings and meetings managed to resolve the distribution of many positions and sites.
According to a member of the General Authority of the current wisdom of Nizar Sultan in a statement to (the extent) that “the international pressure affected the movement of political forces and identified the features of the largest parliamentary bloc and the candidate for the presidency of the new government,” revealing that the envoy of US President “worked over the past days to unite the ranks of Kurdish forces Sunni and re-elected Abbadi for a second term. ”
McGuck arrived in Iraq and held a series of meetings with the winning lists in the elections in preparation for the announcement of the largest parliamentary bloc and the decision of the prime minister.
The Sultan added that “the representative of the American President discussed with various forces the possibility of restoring confidence in the head of the current government or the nomination of a personal close to the directions of Abadi,” asserting that “these hints helped the US to remove Nuri al-Maliki and Faleh Fayyad and Hadi Amiri competition for the presidency of the next government” .
Two teams of Shiite forces are fiercely vying for the post of prime minister, the first representing others with wisdom, the second conquest and the rule of law, which has delayed the formation of a coalition of parliamentary powers.
“The success of any future stable government for the next four years depends on the participation of others and Fatah and armed wings within them,” he said, revealing “the existence of efforts to convince the President of the Fatah alliance Hadi al-Ameri to enter the four-alliance alliance, which lists the others, wisdom and victory, “He said.
The coalition, backed by the Shiite leader Moqtada al-Sadr and the National Coalition headed by Iyad Allawi and the stream of wisdom led by Ammar al-Hakim, have signed on the seventh of June, the document “Principles of the political program of the alliance of national majority patriarchal.”
The Sultan pointed out that “Eid holiday will witness mobility of the four lists with the other parties to resolve all the implications on the dates of the formation of the Great Bloc,” noting that “Abadi has a great chance to assume the presidency of the new government.”
The Sultan predicts that “the announcement of the formation of the largest parliamentary bloc will be after the Eid holiday,” stressing that “the talk behind the scenes between the lists close to resolve their alliances revolves accurately on the distribution of positions and sites.”
The parties in the stream of wisdom has confirmed to (the extent) recently, the existence of surprises will be announced after the holiday holiday.
In turn, the secretary of the Central Committee of the Communist Party of Iraq Raed Fahmi told (the range) saying that “the lists of victory and Suron and wisdom and the National Coalition agreed to put the terms of the general principles of the form of the coalition, which is ready to announce in the coming days,” pointing out that ” True of the largest parliamentary bloc. ”
The results of the elections that took place on May 12, the victory of the coalition (Sadr), led by the Shiite cleric Moqtada al-Sadr with civilian forces and the Communist Party ranked first after winning 54 seats, while the list of the opening led by Hadi al-Ameri ranked second with 48 seats, Which is led by Haider Abadi with 42 seats.
He adds Fahmi that “parties in the Union of Iraqi forces and another Kurdish will announce its accession to the alliance lists the four (wisdom and ascendance, victory and patriotism),” stressing that ”
In the midst of these events, the leader of the Sadrist movement Moqtada al-Sadr arrived in Baghdad and held a number of side meetings with some blocs and lists in order to accelerate the resolution of the formation of the new alliance.
On the other hand, the winning candidate for the alliance of victory Adnan al-Zarfi that “the four lists have gone a long way of negotiations and reached the advanced stages to form the largest bloc.”
The Federal Court on Sunday ratified the final results of the House elections. Al-Zarafi said in a statement to the (range) that the coalition of the decision and the Union of Iraqi forces and other parties will announce their accession to the four lists to form the largest bloc number, “stressing that the prospective coalition did not form on the basis of sectarian or sectarian.
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
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
______________________________________________________________