Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency
Roudao – Erbil – The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that “this plan needs to deliberate steps, so as not to be exploited in the fraud.”
Al-Alak said in a statement to the official Sabah newspaper that “currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage.”
He added that “the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others.”
He explained that “the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash.”
On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that “these ideas are traded by the Central Bank, but at the present time regret it.”
The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country “to prevent manipulation and fraud of weak souls.”
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
Iraq’s Shiite rivals agree on prime minister
BAGHDAD: Iraq’s rival Shiite blocs in parliament have agreed on who they want as the next prime minister after making progress in negotiations towards forming a government, negotiators told Arab News.
The two factions, one pro Iran and the other anti, have agreed to work together as a coalition, negotiators told Arab News on Tuesday.
The veteran Shiite politician and former vice president Adel Abdul Mahdi was informally nominated to replace Haider Al-Abadi, negotiators said.
He will be assigned on Sept. 25 to form a government if his nomination is approved by the Kurdish blocs.
Before the appointment of prime minister, the president has to be selected. There is no indication that the Kurds, who get the post according to the Iraq’s power sharing agreement, have decided on who to nominate.
Iraq’s parliament has been split between the Reform alliance and Al-Binna’a alliance after elections in May.
Reform is controlled by Muqtada Al-Sadr, one of the country’s most influential Shiite clerics who opposes Iranian influence in the country…
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
BGG ~ If you would like 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.
______________________________________________________________
.jpg)
Six names compete to win new Iraq prime minister position
ERBIL (Kurdistan 24) – Six Iraqi figures are competing to become the next prime minister of the new Iraqi government as the al-Nasr Coalition insists on keeping Haider al-Abadi in office for a second term.
A senior member from the Construction Coalition, which is composed of Nouri al-Maliki’s State of Law, Hadi al-Amiri’s al-Fatih Coalition, and other small Sunni and Shia blocs, said Monday that six candidates are competing for the Iraqi prime minister position.
According to Amir al-Faiz, a senior member of the Construction Coalition, his coalition, and the Sairoon Coalition have presented three candidates each for the next prime minister of Iraq.
Sairoon’s nominees are Adil Abdul Mahdi, a former oil minister, Asaad al-Eidani, Basra governor, and Abdul Wahab al-Saadi, second-in-command of Iraqi Counter-Terrorism Service.
The Construction Coalition have also presented Abdul Mahdi as a candidate as well as Falih al-Fayyadh, former Director of National Security Council, and Ali Shukri.
Meanwhile, a senior member of al-Nasr Coalition, Ali al-Snaid, says Abadi is still the favorite candidate to remain in his role as prime minister.
Marja’iya, the Shia religious authority in al-Najaf, and Muqtada al-Sadr are supporting Abadi’s second term in office, Snaid added.
Iraq’s top Shia cleric, Grand Ayatollah Ali al-Sistani, previously said he “does not support a [candidate for the role of] prime minister that is chosen from politicians that were in power in the past years.”
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
Kaperoni (Dinar Guru) – …If your expecting some overnight event your mistaken. There are many experts that predict the dinar could take 6 months to a year to rise to a level equal with a dollar once they begin to float. Keep in mind it will be directly related to how fast foreign capital comes into the country through the cbi’s capital account…
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
The Central (Bank) poses large amounts of small currency
Confirmed its continuation by replacing the damaged amounts
Baghdad / Sabah – The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New.
The Governor of the Bank, Dr. Ali Alalak in a meeting with the “morning”, will be published later: “The Central Bank of Iraq, the development of a plan to compensate the market small categories of local currency, as will be next month large quantities and huge ones,” noting that ” Will meet the need of the local market for those categories of currency. ”
He added that “the bank continues to receive local currencies damaged by citizens and replace them with new currencies,” revealing at the same time, “the existence of a specialized committee to examine the damaged papers to ensure the integrity of fraud
and manipulation.”
Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________
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
______________________________________________________________
Digital Media: Cancellation of European sanctions on the Central Bank will activate the PayPal service officially
Al-Alsumaria News / Baghdad – The Center for Digital Media, on Thursday, that the abolition of European sanctions on the Central Bank will activate the service of PayPal officially in Iraq .
The Center said in a statement received by Alsumaria News a copy of it, “The abolition of European sanctions on the Central Bank of Iraq will make it a reliable financial institutions to deal with European institutions and thus eliminate the obstacles to activate the services of PayPal officially in Iraq.”
“PayPal is considered the best and most popular bank in the world, providing users with digital financial services. Thousands of e-shops and e-commerce sites support PayPal, which was established in 1998 and supports Arab countries – Qatar, Oman, Yemen, Kuwait, Jordan, Saudi Arabia, Algeria, Egypt, Tunisia, Morocco and Somalia. ”
The Central Bank of Iraq announced on Thursday that it was officially released from the list of EU sanctions, pointing out that it has become a reliable financial institutions dealing with European international institutions.
Article Credit: Alsumaria.tv
______________________________________________________________
Mnt Goat (Dinar Guru) – Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
______________________________________________________________
Kaperoni (Dinar Guru) – The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won’t the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand.
Another reason is the CBI wants to end the daily currency auctions. To do so, they must have an alternative to generate revenue. The CBI profits from the buying/selling of currency. And lastly because the IMF said so. Despite what the gurus say the IMF made it very clear…”staff encourages the authorities to create the conditions which would make possible a move to a more flexible…exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect”…The IMF is clearly talking about a float…
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Kaperoni (Dinar Guru) – “Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination “independent & technocrats” candidates for the new #Iraqi Prime Minister position” Does not look like current PM Abadi will be nominated for another term.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Some interesting headlines…
(This guy is a REAL DOOZIE – it’s like he’s just begging for a face-off with the U.S.)
(I’m not sure I care – as long as Maliki isn’t in the new GOI)
______________________________________________________________
We will announce soon the formation of a new alliance of the largest bloc with the conquest and reject the accession of the rule of law
Baghdad today – Baghdad – “The coalition of the rule of law, led by al-Maliki, will be outside the circle of the new alliance between Saheron and Al-Fath Alliance, headed by Hadi al-Amiri and planned to take place soon,” said Ghayeb al-Amiri, a deputy of the alliance of the Sadrist Alliance, backed by Sadr’s leader Moqtada al-Sadr.
Al-Amiri said in an interview with “Baghdad today,” that “the negotiations are still ongoing between the Alliance and continue to open for the formation of the largest bloc,” noting that “the coming hours and perhaps the next two days will be announced the alliance of the largest bloc between Ssron and Fatah.”
He added that “the next government without Souron and Fatah will be weak and vulnerable to collapse at any time, so their presence strengthens and strengthens the government.”
He pointed out that “a coalition of state law will be outside the framework of the new alliance, because there is (a person) is not welcome by everyone.”
The Secretary-General of Asaib Ahl al-Haq, the leader of the conquest, Qais al-Khazali, confirmed on Saturday (September 8, 2018) that the consensus between the alliance of the conquest, led by Hadi al-Amiri, and the rest, supported by the leader of the Sadrist movement Moqtada al-Sadr, “means the stability of Iraq.”
“The recent statement by Mr. Moqtada al-Sadr came at the right time to address the current situation and is in line with the initiative of the opening to the terms of reference in the selection of the prime minister and the cabinet cabinet,” Khazali said in his Twitter account.
He added that “the consensus of the conquest and the rest means the stability of Iraq and the success of the next government to meet the demands of the people, and will not be correct.”
This comes at a time when the alliance, “Saron” backed by Sadr, the Prime Minister, the leader of the victory coalition, Haider Abadi, and his government, to resign, in a remarkable development of relations between the two sides.
In the meantime, Faleh al-Khazali, MP of the alliance, “the conquest” led by Hadi al-Ameri, on Sunday (September 9, 2018), that the negotiations are still continuing with the alliance are continuing to form the largest bloc and the next government, while welcoming the accession of the rule of law to the coalition the new.
“There is a great rapprochement between Saher and Fatah, in terms of not renewing the term of current Prime Minister Haider al-Abadi, and believing in the failure of the current government to serve Iraq and its people,” Khazali said in an interview with Baghdad today.
He added that “the dialogues are still ongoing between the people and the opening, and must rise to a high level in order to announce the largest bloc to form the next government, and solve the problems and suffering of Iraqis in Basra and other provinces.”
He stressed: “We are keen to be a comprehensive government program for all, noting that” whoever believes in the project of building the state, whether the rule of law or other is welcome. ”
The Secretary-General of Asaib Ahl al-Haq, the leader of the conquest, Qais al-Khazali, confirmed on Saturday (September 8, 2018) that the consensus between the alliance of the conquest, led by Hadi al-Amiri, and the rest, supported by the leader of the Sadrist movement Moqtada al-Sadr, “means the stability of Iraq.”
Article Credit: Baghdadtoday.news
______________________________________________________________
Rival Iraqi factions make coalition deal and end Al-Abadi’s prime minister hopes
BAGHDAD: Pro-Iran parties in Iraq reached a deal on Thursday to join a parliamentary coalition overseen by anti-Tehran cleric Muqtada Al-Sadr that ends Haider Al-Abadi’s hopes of hanging on as prime minister.
The compromise means members of the ruling Shiite Dawa Party will be excluded from competing for the post to lead the next government, negotiators involved in the talks told Arab News.
Al-Abadi, the head of Dawa’s political bureau, who was looking to win a second term, was the biggest loser in the deal. Nuri Al-Maliki, the former Iraqi prime minister and head of the State of Law coalition, who was hoping to play a key role in nominating the new head of government also lost out.
Iraqi’s Shiite rivals have been frantically competing to form the largest parliamentary coalition, since elections in May.
Muqtada Al-Sadr, one of the most influential Shiite clerics, whose Sairoon list came first, formed a 154-seat coalition including Al-Abadi and his Al-Nassir list.
——
At the same time, Hadi Al-Amiri, who heads the pro-Iranian Al-Fattah list, formed a coalition of 108 members, including Al-Maliki and his State of Law alliance.
Both Al-Sadr and Al-Amiri tried to register their coalitions in the first session of parliament on Sept. 3. The federal court had been requested to rule between them.
Violent demonstrations broke out in Basra, Iraq’s main oil hub, shortly afterwards. At least 15 demonstrators were shot dead, scores wounded and dozens of government and political party buildings set on fire, including the Iranian consulate.
Some political leaders saw the violence as an attempt to pressure negotiations in Baghdad, and Al-Sadr agreed to resume negotiations with Al-Amiri.
Several meetings were held between the two men in the last week at Al-Sadr’s residency in the holy city of Najaf, sources said.
“We have reached preliminary understandings with Al-Sadr and are working to turn them into agreements under the umbrella of Marjiyaa (the highest Shiite clerics in Iraq),” a key Al-Fattah negotiator told Arab News.
“Both Abadi and Maliki are out. Abadi is a part of the (new) coalition but he is not a candidate for the prime minister post.
“Amiri also is not a nominee anymore. As long as Abadi will not be nominated (by Sadr or his allies) then Amiri will not be nominated.”
The offer, which was presented by Al-Fattah through the UN delegation in Iraq, suggests that both Al-Sadr and Al-Amiri had to make some concessions to form the coalition.
Al-Abadi as a candidate for prime minister and Al-Maliki and his alliance as part of the coalition were sacrificed for the agreement, negotiators told Arab News.
Both men are cornerstones of the Dawa Party and have been the heads of successive governments since 2005 but they had a bitter fall out in 2014. Al-Abadi stood in as a compromise candidate for prime minister when Al-Maliki’s nomination for a third term was widely rejected because of his sectarian policies. Those policies were blamed for fueling the resentment that allowed Daesh to seize a third of Iraqi territory.
“Everyone is angry at the Dawa Party and they blame its leaders for what happened in Iraq since 2005. So it was not difficult to abandon it and its candidates,” a negotiator for Al-Sadr’s alliance said.
Al-Abadi’s nomination for the prime minister post had been backed by Al-Sadr and Ammar Al-Hakim, the head of Hikma, who controls 22 seats and is one of Al-Sadr’s key allies.
Both invested a large effort in promoting Al-Abadi during negotiations with the other blocs. They said he had not enough time to achieve his program in government because the first three years of his last term were dominated by fighting Daesh, the sources said.
“The problem of Abadi is he has not helped himself and has not helped us. He was creative in making mistakes along the last six months and his negotiating and media teams are weak,” a second Al-Sadr negotiator told Arab News.
“Now we have to find a candidate who is acceptable for Iran, the US and Najaf.
“Najaf is deeply involved this time and they (the clerics) have been using Sadr as their stick to pressure the political rivals.”
Najaf is led by Grand Ayatollah Ali Al-Sistani the most revered Shiite cleric. The city’s clergymen are seen by Iraqis as the sponsor of the political process that emerged after the 2003 US-led invasion that toppled Saddam Hussein and allowed the majority Shiites to take the reins of power through elections.
Sistani has been reluctant to interfere directly in the political process, but on Monday he made a rare intervention that changed the course of forming the next government.
Sistani’s office issued a statement saying he refused the nomination for the post of prime minister any politician who had previously exercised power.
“Abadi is out. That’s it. None of us would publically challenge the desire of Sistani,” a senior Shiite politician involved in the talks told Arab News. “We have many other more important things to worry about, so we moved on.”
The final decision over all the details related to the new ruling coalition and the nomination of the next government, including the president, the speaker of the parliament and the prime minister have to be concluded before Sept. 15.
Iran and the United States, the two main international players in Iraq’s political and security scene since 2003, seem to have agreed on this scenario, three negotiators from the various sides told Arab News. The US has backed Al-Abadi for a second term while Iran saw him as a threat to its interests in Iraq specifically after he announced his support for the economic sanctions imposed on Iran since Donald Trump withdrew America from a nuclear deal between Iran and world powers.
“It becomes clear for the Iranians that going without Sadr is not in their interest and that they have to deal with reality,” a key Al-Sadr negotiator told Arab News.
“The reality indicates that Fattah cannot form a government, which would be accepted by local, regional and international forces. The US would topple it within weeks.
“The Iranians do not have the ability to open a front against the Americans in Iraq, so they are satisfied by the blow that they directed to the Americans by burning Al-Abadi.
“Now, they (the Iranians) have decided to step back to let Sadr and the Americans to lead the negotiations and form the new coalition.”
Article Credit: Arabnews.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
______________________________________________________________
If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!
Thanks – BGG!!
Master Card International honored the Central Bank of Iraq, represented by the Department of Payments in this bank, with a shield of excellence during the annual conference held in Spain.
Economy News Baghdad – The President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that the time is appropriate to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises.
The European Union (EU) officially announced on Thursday that the Central Bank of Iraq (CBI) has come out of the list of EU sanctions imposed on institutions.
The degree of influence Iran has in Iraq is always a source of consternation and debate. Why Tehran would want to influence events there, and how it elects to do so, are much less debatable.
