URGENT Abadi calls on infallible to call the new parliament to convene and assign the candidate of the largest bloc to form a government

Baghdad: Al-Furat News – Prime Minister Haider al-Abbadi, President of the Republic Fuad Masum, called for the new House of Representatives to convene.

Abadi said in a televised speech on the occasion of the ratification of the Federal Court on the results of the elections of the House of Representatives “after the announcement of the Federal Court ratification of the results of the elections of the House of Representatives I thank the people of the Iraqi people to complete the maturity of the constitutional elections and their contribution to the vote for candidates for membership of the House of Representatives…

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Adam Montana (Dinar Guru) –   [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.]   We’re looking at about a 30 day cycle right now, IMO

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

BGG ~ If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work.

Our Current Buy-back rate is $825 per million.

www.TheDinarExchange.com

______________________________________________________________

URGENT: Three delegations from each party will announce the nucleus of the largest bloc

“A tripartite delegation from each of the parties participating in this evening’s meeting will attend the announcement of the nucleus of the formation of the largest bloc, whose final pillars will be built across the national space,” said a member of the Political Bureau and the official spokesman of the National Wisdom Movement.

Abu Ragheef said in previous statements that “things are moving in a positive, and logical and calm, towards the completion of axis (wisdom, Suron, victory, national, powers) in coordination with the high Kurdish axis, away from intimidation and misleading.”

He stressed that “the doors remain open to all blocs and coalitions on the basis of understanding and service program and openness, and the national interest.”

“The Iraqi components will be present in the meeting of national forces and coalitions to announce the nucleus of the coalition, which ends to form the largest bloc this evening.”…

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Chattels (Dinar Guru) –   […is that 2% really going to be held to the letter]   Actually there is no ” official ” information so we are guessing at best… as RandyK  stated, this may not be a “textbook” economic process or event.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Maliki: The majority of the political project is still the best solution to get rid of the crises in Iraq

[Ayna-Baghdad] Vice President Nuri, special envoy of US President Brett McGurk, stressed that the political majority project is still the best solution to get rid of the crises experienced by Iraq.

“Vice President Nuri al-Maliki received in his office today the special envoy of the President of the United States of America, Brett McGurk, in the presence of Ambassador Douglas Silliman,” a statement from his office said.

“During the meeting, they reviewed developments in the political and security situation in Iraq and the region, and ways to strengthen bilateral relations between the two friendly countries.”

“The majority of the political project is still the best solution to get rid of the chronic political, security, economic and social crises experienced by Iraq, and start to form a strong government capable of maintaining security and stability and restore the prestige of the state and promote services,” Maliki said.

Read More: Dinarupdates.com “Current Iraq News Thread”

BGG ~ This guys is JUST OBSESSED WITH THE IDEA of being a DICTATOR!! He can’t PUT IT DOWN!!

______________________________________________________________

Randy Koonce (Dinar Guru) –   First, we are in a new window of opportunity ‘right now‘.   When I say that, it does NOT mean it will happen “without a doubt in this current window” (Remember:  It’s Iraq!).   What it does mean is that there is a very good chance for the rate to finally change.  Now.  …I hope that one day I might get the opportunity to explain why this has taken so long.  There are so many factors at work.  More than one person and/or agency has had influence on the RV.  It has become far more political than anyone ever intended or expected.  Also, for anyone who thinks this will come out at 10 cents and float up –  they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an ‘economic text book’ event.  The Currency will be a MANAGED FLOAT.  The word ‘managed’ is the clue.   It means that ‘someone’ will determined when to move it and how much.  The Dinar right now is on a Managed Float.  So, you can see that if it does not RV that it will not move…

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

______________________________________________________________

Randy Koonce (Dinar Guru) –   People say that it is not pegged to the Dollar anymore.  That is BS.  The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way.   When they change the value, they will be able to determine how much and where.  No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI.   They were given a “Range to Revalue the Currency”.   And that range begins at $1.50.   Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive.   So, I am of the OPINION it will come in higher than that.  But we will see…   [post 2 of 3….stay tuned]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Randy Koonce (Dinar Guru) –   Right now, the pressure for this to take place is Very Great.  As in, ‘Extremely Huge’. Our POTUS does not care who the PM will be.  He believes we can work with anyone.  …However, there is an ‘agency’ who got in the middle of their election process, and once again delayed the rate change.  Now, that  ‘agency’ is really wanting this to happen.   So, what do we need to see?  We need to see the Election ratified by the Federal Court; the ‘Coalition’ needs to be announced; and the next PM will then be announced. Then our event will happen!  However, if these events drag out, then the Event we are looking for just might happen without the Government.  It’s possible.  So our ‘window’ will last to the end of the month of August, with a strong possibility for next week.  The pressure will only get stronger closer to end of month.  …We REALLY are in the final stages of this.   I know that this administration wants this to be over, and they (he) wants it over NOW!!  We are SO close …So, hang in there Everyone.  It’s coming, one way or the other!!  Breathe.   [Post 3 of 3]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Hakim’s movement confirms near the resolution of the largest bloc with alliances Sadr and Abbadi

Urgent .. The coming hours will witness the announcement of the largest bloc!!

______________________________________________________________

International coalition: US forces will remain in Iraq

{International: Euphrates News} Sean Ryan, spokesman for the International Alliance led by Washington, said that US forces will remain in Iraq as long as necessary, and to stabilize the areas that were subject to gangs advocating terrorism

On February 5, the Pentagon announced its intention to withdraw its forces from Iraq in the near future, and revealed an agreement between Washington and Baghdad to transfer the functions of these forces to training units of the Iraqi army to combat terrorism.

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Federal Court endorses the results of parliamentary elections

BAGHDAD – The Federal Court on Sunday approved the final results of the elections of the Iraqi Council of Representatives.

“The court held its session this morning, in the presence of its full members, and considered the request to ratify the final results of the elections of the Iraqi Council of Representatives,” said the spokesman of the court, Ayas al-Samuk, said “it has checked the names received from the Commission The Independent High Electoral Commission annexed its book dated 17/8/2018.

“After reviewing and deliberating on the names and objections to some of them, the Supreme Federal Court issued this afternoon (19/8/2018), its decision to ratify the names received, and issued the resolution by consensus.”

The Electoral Commission has sent, earlier, lists of the names of the winners of the House of Representatives elections of 2018 to the Federal Court to ratify the results.

The vote of the Iraqis, (Saturday 12 May 2018), to choose a new parliament, and these elections are the first after the defeat of the organization, “Daash”, while the Independent Electoral Commission announced that the participation rate in the elections amounted to 44%.

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

URGENT Abadi calls on infallible to call the new parliament to convene and assign the candidate of the largest bloc to form a government

Baghdad: Al-Furat News – Prime Minister Haider al-Abbadi, President of the Republic Fuad Masum, called for the new House of Representatives to convene.

Abadi said in a televised speech on the occasion of the ratification of the Federal Court on the results of the elections of the House of Representatives “after the announcement of the Federal Court ratification of the results of the elections of the House of Representatives I thank the people of the Iraqi people to complete the maturity of the constitutional elections and their contribution to the vote for candidates for membership of the House of Representatives…

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Adam Montana (Dinar Guru) –   [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.]   We’re looking at about a 30 day cycle right now, IMO

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

BGG ~ If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work. All orders (buy & sell) will be filled (& paid for) Monday the 20th.

Our Current Buy-back rate is $825 per million.

www.TheDinarExchange.com

______________________________________________________________

URGENT: Three delegations from each party will announce the nucleus of the largest bloc

“A tripartite delegation from each of the parties participating in this evening’s meeting will attend the announcement of the nucleus of the formation of the largest bloc, whose final pillars will be built across the national space,” said a member of the Political Bureau and the official spokesman of the National Wisdom Movement.

Abu Ragheef said in previous statements that “things are moving in a positive, and logical and calm, towards the completion of axis (wisdom, Suron, victory, national, powers) in coordination with the high Kurdish axis, away from intimidation and misleading.”

He stressed that “the doors remain open to all blocs and coalitions on the basis of understanding and service program and openness, and the national interest.”

“The Iraqi components will be present in the meeting of national forces and coalitions to announce the nucleus of the coalition, which ends to form the largest bloc this evening.”…

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Chattels (Dinar Guru) –   […is that 2% really going to be held to the letter]   Actually there is no ” official ” information so we are guessing at best… as RandyK  stated, this may not be a “textbook” economic process or event.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Maliki: The majority of the political project is still the best solution to get rid of the crises in Iraq

[Ayna-Baghdad] Vice President Nuri, special envoy of US President Brett McGurk, stressed that the political majority project is still the best solution to get rid of the crises experienced by Iraq.

“Vice President Nuri al-Maliki received in his office today the special envoy of the President of the United States of America, Brett McGurk, in the presence of Ambassador Douglas Silliman,” a statement from his office said.

“During the meeting, they reviewed developments in the political and security situation in Iraq and the region, and ways to strengthen bilateral relations between the two friendly countries.”

“The majority of the political project is still the best solution to get rid of the chronic political, security, economic and social crises experienced by Iraq, and start to form a strong government capable of maintaining security and stability and restore the prestige of the state and promote services,” Maliki said.

Read More: Dinarupdates.com “Current Iraq News Thread”

BGG ~ This guys is JUST OBSESSED WITH THE IDEA of being a DICTATOR!! He can’t PUT IT DOWN!!

______________________________________________________________

Randy Koonce (Dinar Guru) –   First, we are in a new window of opportunity ‘right now‘.   When I say that, it does NOT mean it will happen “without a doubt in this current window” (Remember:  It’s Iraq!).   What it does mean is that there is a very good chance for the rate to finally change.  Now.  …I hope that one day I might get the opportunity to explain why this has taken so long.  There are so many factors at work.  More than one person and/or agency has had influence on the RV.  It has become far more political than anyone ever intended or expected.  Also, for anyone who thinks this will come out at 10 cents and float up –  they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an ‘economic text book’ event.  The Currency will be a MANAGED FLOAT.  The word ‘managed’ is the clue.   It means that ‘someone’ will determined when to move it and how much.  The Dinar right now is on a Managed Float.  So, you can see that if it does not RV that it will not move…

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

______________________________________________________________

Randy Koonce (Dinar Guru) –   People say that it is not pegged to the Dollar anymore.  That is BS.  The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way.   When they change the value, they will be able to determine how much and where.  No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI.   They were given a “Range to Revalue the Currency”.   And that range begins at $1.50.   Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive.   So, I am of the OPINION it will come in higher than that.  But we will see…   [post 2 of 3….stay tuned]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Randy Koonce (Dinar Guru) –   Right now, the pressure for this to take place is Very Great.  As in, ‘Extremely Huge’. Our POTUS does not care who the PM will be.  He believes we can work with anyone.  …However, there is an ‘agency’ who got in the middle of their election process, and once again delayed the rate change.  Now, that  ‘agency’ is really wanting this to happen.   So, what do we need to see?  We need to see the Election ratified by the Federal Court; the ‘Coalition’ needs to be announced; and the next PM will then be announced. Then our event will happen!  However, if these events drag out, then the Event we are looking for just might happen without the Government.  It’s possible.  So our ‘window’ will last to the end of the month of August, with a strong possibility for next week.  The pressure will only get stronger closer to end of month.  …We REALLY are in the final stages of this.   I know that this administration wants this to be over, and they (he) wants it over NOW!!  We are SO close …So, hang in there Everyone.  It’s coming, one way or the other!!  Breathe.   [Post 3 of 3]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Hakim’s movement confirms near the resolution of the largest bloc with alliances Sadr and Abbadi

Urgent .. The coming hours will witness the announcement of the largest bloc!!

______________________________________________________________

International coalition: US forces will remain in Iraq

{International: Euphrates News} Sean Ryan, spokesman for the International Alliance led by Washington, said that US forces will remain in Iraq as long as necessary, and to stabilize the areas that were subject to gangs advocating terrorism

On February 5, the Pentagon announced its intention to withdraw its forces from Iraq in the near future, and revealed an agreement between Washington and Baghdad to transfer the functions of these forces to training units of the Iraqi army to combat terrorism.

Read More: Dinarupdates.com “Current Iraq News Thread”
______________________________________________________________

Federal Court endorses the results of parliamentary elections

BAGHDAD – The Federal Court on Sunday approved the final results of the elections of the Iraqi Council of Representatives.

“The court held its session this morning, in the presence of its full members, and considered the request to ratify the final results of the elections of the Iraqi Council of Representatives,” said the spokesman of the court, Ayas al-Samuk, said “it has checked the names received from the Commission The Independent High Electoral Commission annexed its book dated 17/8/2018.

“After reviewing and deliberating on the names and objections to some of them, the Supreme Federal Court issued this afternoon (19/8/2018), its decision to ratify the names received, and issued the resolution by consensus.”

The Electoral Commission has sent, earlier, lists of the names of the winners of the House of Representatives elections of 2018 to the Federal Court to ratify the results.

The vote of the Iraqis, (Saturday 12 May 2018), to choose a new parliament, and these elections are the first after the defeat of the organization, “Daash”, while the Independent Electoral Commission announced that the participation rate in the elections amounted to 44%.

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
______________________________________________________________

If you found this blog, our website or chats helpful – Forward it to a friend!! We couldn’t do it without you!!

Thanks – BGG!!

www.DinarUpdates.com

Abadi will be executed by hanging: Iranian newspaper

Iranian al-Quds newspaper has described on Friday Iraq’s Prime Minister, Haider al-Abadi as a “dwarf who will be executed soon.”

“Abadi the dwarf, who does not have the boldness of Saddam Hussein will be executed by hanging soon”, Iranian writer and political analyst Hassan Hani Zadah wrote in an article published by al-Quds newspaper.

Zadah pointed out that Abadi became Iraq’s prime minister after Iranian Revolutionary Guards Corps Commander Qassem Soleimani ordered that, adding that Abadi will leave office by Soleimani’s orders also.

Last week, Abadi said his government would respect the dollar ban in transactions with Iran. (sounds like Iran is JACKED!!)

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

BGG ~ Even the Baghdad Post felt compelled to mention this rhetoric is coming from Iran (the source). This isn’t real news. The Shia hardliners still have some influence – but they are getting pretty shrill with their protestations.

______________________________________________________________

tman23 (Dinar Guru) –    “remove 000’s” does NOT mean a LOP. It just means they want to get them “off the street“.    A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI…A PERSON FROM THE CBI USED THE PHRASE…LIFT THE ZEROS FROM THE NOTES…That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes…

BGG ~ I could not disagree more with this commentary… just silly.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

BGG ~ If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work. All orders (buy & sell) will be filled (& paid for) Monday the 20th.

Our Current Buy-back rate is $800 per million.

www.TheDinarExchange.com

______________________________________________________________

Former deputy: Abadi will refer a new corrupt list to integrity

MP in the outgoing parliament, Ibtisam al-Hilali, Sunday, that the Prime Minister Haider Abadi will transmit a new corrupt list of the Integrity Commission.

Al-Hilali said in an interview with “Mawazine News” that “Abbadi issued during the past period several decisions to refer suspects of corruption files to integrity and his decisions continue to appear.”

“According to the data available to us, there is a corrupt list will be transmitted to integrity during the coming period.”

Earlier, Prime Minister Haider al-Abadi announced the referral of a number of ministers and former officials to the Integrity Commission on suspicion of involvement in corruption cases.

The list of those referred to integrity included the former Minister of Construction, Mohammad Sahib al-Daraji and the former Minister of Education, Mohammad Tami Mak

Read More: Mawazin.net (Special Thanks to Paul Moseley)
______________________________________________________________

Chattels (Dinar Guru) –   […is that 2% really going to be held to the letter]   Actually there is no ” official ” information so we are guessing at best… as RandyK  stated, this may not be a “textbook” economic process or event.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Iraq Elections Results almost Unchanged after Manual Recount

Almost no change has been made to the results of a recent parliamentary election in Iraq after ballots were manually recounted over fraud allegations, the country’s top electoral body has announced.

The commission said early Friday that less than a dozen members of the Iraqi parliament, out of 329, lost their seats after a manual recount of the ballots cast in the May parliamentary elections.

The results confirmed the victory of Shiite cleric Muqtada al-Sadr’s bloc.

The only major change that came out of the recount was related to the Conquest Alliance led by Hadi al-Amiri, who leads an influential pro-government militia force.It would have an extra seat at the expense of another political group known as the Baghdad list.

The Conquest will now have 48 seats in the parliament, remaining in the second place after the Sadr Movement, which has secured 54 seats. Incumbent Prime Minister Haider al-Abadi’s party will also have 42 seats.

The votes recount came following allegations of fraud which mainly revolved around the electronic voting machines used for the first time in Iraq’s elections, Press TV reported.

The recount results pave the way for political parties to form a government. The Iraqi supreme court must now ratify the new results. Once ratified, the outgoing president must convene a parliamentary session within 15 days to begin the process of forming a coalition government.

Earlier, the United Nations had commended the manual recount of votes as “credible and transparent”. Alice Walpole, a UN envoy to Iraq, said Monday the UN had observed the process and found it to be “conducted in a manner that is credible, professional and transparent.”

“We are very pleased that it’s been concluded and we look forward to the next steps in this process towards the formation of the new government,” Walpole said after the recount concluded on Monday.

Read More: Islamicinvitation.com (Special Thanks to Ann Zucc)
______________________________________________________________

Randy Koonce (Dinar Guru) –   First, we are in a new window of opportunity ‘right now‘.   When I say that, it does NOT mean it will happen “without a doubt in this current window” (Remember:  It’s Iraq!).   What it does mean is that there is a very good chance for the rate to finally change.  Now.  …I hope that one day I might get the opportunity to explain why this has taken so long.  There are so many factors at work.  More than one person and/or agency has had influence on the RV.  It has become far more political than anyone ever intended or expected.  Also, for anyone who thinks this will come out at 10 cents and float up –  they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an ‘economic text book’ event.  The Currency will be a MANAGED FLOAT.  The word ‘managed’ is the clue.   It means that ‘someone’ will determined when to move it and how much.  The Dinar right now is on a Managed Float.  So, you can see that if it does not RV that it will not move…

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

______________________________________________________________

Randy Koonce (Dinar Guru) –   People say that it is not pegged to the Dollar anymore.  That is BS.  The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way.   When they change the value, they will be able to determine how much and where.  No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI.   They were given a “Range to Revalue the Currency”.   And that range begins at $1.50.   Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive.   So, I am of the OPINION it will come in higher than that.  But we will see…   [post 2 of 3….stay tuned]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Randy Koonce (Dinar Guru) –   Right now, the pressure for this to take place is Very Great.  As in, ‘Extremely Huge’. Our POTUS does not care who the PM will be.  He believes we can work with anyone.  …However, there is an ‘agency’ who got in the middle of their election process, and once again delayed the rate change.  Now, that  ‘agency’ is really wanting this to happen.   So, what do we need to see?  We need to see the Election ratified by the Federal Court; the ‘Coalition’ needs to be announced; and the next PM will then be announced. Then our event will happen!  However, if these events drag out, then the Event we are looking for just might happen without the Government.  It’s possible.  So our ‘window’ will last to the end of the month of August, with a strong possibility for next week.  The pressure will only get stronger closer to end of month.  …We REALLY are in the final stages of this.   I know that this administration wants this to be over, and they (he) wants it over NOW!!  We are SO close …So, hang in there Everyone.  It’s coming, one way or the other!!  Breathe.   [Post 3 of 3]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Sadr Alliance announced the final touches to the formation of the largest bloc

______________________________________________________________

URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

International: Euphrates News – Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

Article Credit:  Alforatnews.com (Special Thanks to Charles Bright)
______________________________________________________________

Iranian media stunned by Iraqi PM’s compliance with US sanctions

Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise.

“As a matter of principle we are against sanctions in the region,” Abadi said at a press conference Aug. 8. “Blockade and sanctions destroy societies and weaken regimes.” He added that they are a “strategic mistake” but that Iraq “will abide by them.”

Given Iran’s immediate and unconditional support for Iraq after the rise of the Islamic State (IS) terrorist group in northern Iraq in 2014, compared with that of the delayed and conditional support of the United States, Iranian media and social media users were very critical of Abadi’s support of US sanctions. One official even mentioned memories of the Iran-Iraq War.

Iranian parliamentarian Mahmoud Sadeghi, who is an outspoken official, particularly on Twitter, tweeted, “The Iraqi government, according to Article 6 of Resolution 598 [which ended the Iran-Iraq War], owes the Iranian government 1.1 trillion dollars in reparations for the imposed war [Iran-Iraq War]. The Iranian government, given the restrictions on the people of Iraq, has postponed its demands on these reparations. Now, the prime minister of Iraq, instead of paying up, will cooperate with oppressive sanctions against the people of Iran.”

In an article in Russian-funded Sputnik, Emad Abshenas wrote that Abadi, who is still trying to form a government after the Iraqi elections in May, made double-sided comments both criticizing the sanctions and abiding by them in order to attract maximum approval from Iraq’s parliament. Abshenas wrote that during Iraqi elections officials attempt to portray themselves as being bipartisan and independent and there is no country better suited than Iran for officials to use in order to achieve this end, either through indirect criticism or with friendly gestures toward Saudi Arabia, Iran’s regional foe. Abshenas noted that Abadi visited Saudi Arabia before visiting Iran, despite the closer relations between Tehran and Baghdad.

Abshenas said that Iranians, unlike the Americans, do not incessantly remind the Iraqis of Iranian contributions in the fight against IS, nor of Iran’s support for Abadi’s rise to the position of prime minister. The article suggested that Abadi may not only turn his back on Iran but could also one day turn against Iran.

A number of domestic Iranian media outlets also covered Iraqi criticism of Abadi’s decision to cooperate with US sanctions, particularly comments by Iraqi groups who are politically aligned with Iran.

In an article for IR Diplomacy, analyst Mohammad Sadeghi al-Hashemi wrote that Iran “has always been honorable with respect to Iraq.” He asked how Abadi could make such a decision knowing that sanctions will lead to “hunger, poverty, sickness and deprivation.” He continued that Abadi’s support of US sanctions has “no benefit for the people of Iraq.”

Hashemi concluded that Abadi’s statement that Iraq will abide by US sanctions indicates that he is seeking Washington’s approval for the formation of his government after the elections. He questioned why Iraq should stand alone to support these sanctions when Russia, Europe, China, Pakistan and India have all expressed opposition to them.

Seyyed Hashem al-Mousavi, a spokesman for Kataib Hezbollah, a Shiite paramilitary group that receives Iranian support, asked, “Since when has the Iraqi nation become part of the project to sanction other nations?” Referring to the group’s fight against the Islamic State, he said, “We have given blood for the consolidation of the country and we will not allow anyone to encroach upon our independence.”

Echoing similar comments made by Hashemi, Mousavi said, “This is not a [United Nations] Security Council decision that we must submit to.” He added, “Two-thirds of the world is standing with Iran.”

Referring to Iran’s support in the fight against IS and Iranian advisers killed in Iraq by the terrorist group, Mousavi said, “It is not clear who is advising you? Is the reward for goodness not goodness that you cooperate with Iran’s enemies? How will you answer the people of Iran after they supported us with all of their being? How will you answer the families of their martyrs?”

Read more: Al-monitor.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!!

www.DinarUpdates.com

Former deputy: Abadi will refer a new corrupt list to integrity

MP in the outgoing parliament, Ibtisam al-Hilali, Sunday, that the Prime Minister Haider Abadi will transmit a new corrupt list of the Integrity Commission.

Al-Hilali said in an interview with “Mawazine News” that “Abbadi issued during the past period several decisions to refer suspects of corruption files to integrity and his decisions continue to appear.”

“According to the data available to us, there is a corrupt list will be transmitted to integrity during the coming period.”

Earlier, Prime Minister Haider al-Abadi announced the referral of a number of ministers and former officials to the Integrity Commission on suspicion of involvement in corruption cases.

The list of those referred to integrity included the former Minister of Construction, Mohammad Sahib al-Daraji and the former Minister of Education, Mohammad Tami Mak

Read More: Mawazin.net (Special Thanks to Paul Moseley)
______________________________________________________________

BGG ~ If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work. All orders (buy & sell) booked while I am out of town will be considered good and will be filled (& paid for) next Monday (the 20th).

Our Current Buy-back rate is $800 per million.

www.TheDinarExchange.com

______________________________________________________________

Abadi’s coalition claims deal to form new Iraqi government

ERBIL (Kurdistan 24) – Iraqi Prime Minister Haider al-Abadi’s political alliance announced on Friday that it had reached an agreement with other major parties to form the next government.

According to a statement released by Khaled al-Obeidi, chief negotiator of the Nasr (Victory) Coalition, the deal includes the frontrunner of May’s election, Muqtada al-Sadr’s Sairoon coalition, Ammar al-Hakim’s al-Hikma (Wisdom) party, and Ayad Allawi’s al-Wataniya (National) coalition.

Obeidi said that preliminary talks with al-Hikma and al-Wataniya had “led to positive results and common understandings, preparing the groundwork for a viable government program.”

“We are now in close agreement with Sairoon, al-Hikma, and al-Wataniya, and have also forged understandings with the Kurdistan Democratic Party (KDP),” he added.

On Thursday, Iraq’s electoral commission announced the results of the manual recount of votes as a result of widespread controversy amid charges of fraud in the May 12 national elections. There were no substantial changes in the seat numbers won by main parliamentary blocs.

According to the final results, Sairoon remains the winner with 54 seats out of total 329, followed by the bloc associated with Shi’a militias, al-Fatih, with 48 seats. Abadi’s coalition came in third with 42 seats.

The newly-seated parliament members are charged with electing a new speaker and two deputies in their first session, to be held within 15 days of the Federal Supreme Court of Iraq’s ratification of final election results. After a new speaker is in place, lawmakers have 30 days to elect, by a two-thirds majority, Iraq’s new president, who is then given 15 days to nominate the prime minister from the largest bloc in parliament.

The prime minister, in turn, will have another 30 days to form his cabinet, with ministers then referred back to parliament for individual approval. If the effort is unsuccessful, the president has yet another 15 days to nominate another prime minister to repeat the process of forming a cabinet.

Over the past month, Iraq has witnessed a wide range of protests across the central and southern provinces with people demanding better public services, higher employment, and reducing massive corruption in state institutions. Protesters have also called for major reform in Iraq’s political process.

Article Credit: Kurdistan24.net (Special Thanks to Charles Bright)
______________________________________________________________

______________________________________________________________

Kaperoni (Dinar Guru) –   Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.

Big deal – they are announcing something they have been doing all along… plus, this “big announcement” says they are paying $725 per million for IQD – BGG is paying $800 (as of Friday – go to – www.TheDinarExchange.com )

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Iraq Elections Results almost Unchanged after Manual Recount

Almost no change has been made to the results of a recent parliamentary election in Iraq after ballots were manually recounted over fraud allegations, the country’s top electoral body has announced.

The commission said early Friday that less than a dozen members of the Iraqi parliament, out of 329, lost their seats after a manual recount of the ballots cast in the May parliamentary elections.

The results confirmed the victory of Shiite cleric Muqtada al-Sadr’s bloc.

The only major change that came out of the recount was related to the Conquest Alliance led by Hadi al-Amiri, who leads an influential pro-government militia force.It would have an extra seat at the expense of another political group known as the Baghdad list.

The Conquest will now have 48 seats in the parliament, remaining in the second place after the Sadr Movement, which has secured 54 seats. Incumbent Prime Minister Haider al-Abadi’s party will also have 42 seats.

The votes recount came following allegations of fraud which mainly revolved around the electronic voting machines used for the first time in Iraq’s elections, Press TV reported.

The recount results pave the way for political parties to form a government. The Iraqi supreme court must now ratify the new results. Once ratified, the outgoing president must convene a parliamentary session within 15 days to begin the process of forming a coalition government.

Earlier, the United Nations had commended the manual recount of votes as “credible and transparent”. Alice Walpole, a UN envoy to Iraq, said Monday the UN had observed the process and found it to be “conducted in a manner that is credible, professional and transparent.”

“We are very pleased that it’s been concluded and we look forward to the next steps in this process towards the formation of the new government,” Walpole said after the recount concluded on Monday.

Read More: Islamicinvitation.com (Special Thanks to Ann Zucc)
______________________________________________________________

Mnt Goat (Dinar Guru) –   Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event…but a very slow process. He said it would take months to complete.  Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

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: $995 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
______________________________________________________________

Kaperoni (Dinar Guru) –  …the dinar cannot be international at 1190 $1…Sure it can and it will!  At least start there…for how long it stays there I have no answer but it’ll rise based on supply and demand and economic principles…people…are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190.  The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI’s capital account, that economic pressure will create inflation which the CBI will raise the value to counter…the rate is 1190 until the CBI decides to change it.

I do expect it to rise fairly quickly over a 6 months to a year.  But again that’ll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq.   [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   …Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher…many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country’s exchange rate.  So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued.   [post 2 of 2]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Sadr Alliance announced the final touches to the formation of the largest bloc

______________________________________________________________

URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

International: Euphrates News – Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

Article Credit:  Alforatnews.com (Special Thanks to Charles Bright)
______________________________________________________________

Iranian media stunned by Iraqi PM’s compliance with US sanctions

Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise.

“As a matter of principle we are against sanctions in the region,” Abadi said at a press conference Aug. 8. “Blockade and sanctions destroy societies and weaken regimes.” He added that they are a “strategic mistake” but that Iraq “will abide by them.”

Given Iran’s immediate and unconditional support for Iraq after the rise of the Islamic State (IS) terrorist group in northern Iraq in 2014, compared with that of the delayed and conditional support of the United States, Iranian media and social media users were very critical of Abadi’s support of US sanctions. One official even mentioned memories of the Iran-Iraq War.

Iranian parliamentarian Mahmoud Sadeghi, who is an outspoken official, particularly on Twitter, tweeted, “The Iraqi government, according to Article 6 of Resolution 598 [which ended the Iran-Iraq War], owes the Iranian government 1.1 trillion dollars in reparations for the imposed war [Iran-Iraq War]. The Iranian government, given the restrictions on the people of Iraq, has postponed its demands on these reparations. Now, the prime minister of Iraq, instead of paying up, will cooperate with oppressive sanctions against the people of Iran.”

In an article in Russian-funded Sputnik, Emad Abshenas wrote that Abadi, who is still trying to form a government after the Iraqi elections in May, made double-sided comments both criticizing the sanctions and abiding by them in order to attract maximum approval from Iraq’s parliament. Abshenas wrote that during Iraqi elections officials attempt to portray themselves as being bipartisan and independent and there is no country better suited than Iran for officials to use in order to achieve this end, either through indirect criticism or with friendly gestures toward Saudi Arabia, Iran’s regional foe. Abshenas noted that Abadi visited Saudi Arabia before visiting Iran, despite the closer relations between Tehran and Baghdad.

Abshenas said that Iranians, unlike the Americans, do not incessantly remind the Iraqis of Iranian contributions in the fight against IS, nor of Iran’s support for Abadi’s rise to the position of prime minister. The article suggested that Abadi may not only turn his back on Iran but could also one day turn against Iran.

A number of domestic Iranian media outlets also covered Iraqi criticism of Abadi’s decision to cooperate with US sanctions, particularly comments by Iraqi groups who are politically aligned with Iran.

In an article for IR Diplomacy, analyst Mohammad Sadeghi al-Hashemi wrote that Iran “has always been honorable with respect to Iraq.” He asked how Abadi could make such a decision knowing that sanctions will lead to “hunger, poverty, sickness and deprivation.” He continued that Abadi’s support of US sanctions has “no benefit for the people of Iraq.”

Hashemi concluded that Abadi’s statement that Iraq will abide by US sanctions indicates that he is seeking Washington’s approval for the formation of his government after the elections. He questioned why Iraq should stand alone to support these sanctions when Russia, Europe, China, Pakistan and India have all expressed opposition to them.

Seyyed Hashem al-Mousavi, a spokesman for Kataib Hezbollah, a Shiite paramilitary group that receives Iranian support, asked, “Since when has the Iraqi nation become part of the project to sanction other nations?” Referring to the group’s fight against the Islamic State, he said, “We have given blood for the consolidation of the country and we will not allow anyone to encroach upon our independence.”

Echoing similar comments made by Hashemi, Mousavi said, “This is not a [United Nations] Security Council decision that we must submit to.” He added, “Two-thirds of the world is standing with Iran.”

Referring to Iran’s support in the fight against IS and Iranian advisers killed in Iraq by the terrorist group, Mousavi said, “It is not clear who is advising you? Is the reward for goodness not goodness that you cooperate with Iran’s enemies? How will you answer the people of Iran after they supported us with all of their being? How will you answer the families of their martyrs?”

Read more: Al-monitor.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!!

www.DinarUpdates.com

Former deputy: Abadi will refer a new corrupt list to integrity

MP in the outgoing parliament, Ibtisam al-Hilali, Sunday, that the Prime Minister Haider Abadi will transmit a new corrupt list of the Integrity Commission.

Al-Hilali said in an interview with “Mawazine News” that “Abbadi issued during the past period several decisions to refer suspects of corruption files to integrity and his decisions continue to appear.”

“According to the data available to us, there is a corrupt list will be transmitted to integrity during the coming period.”

Earlier, Prime Minister Haider al-Abadi announced the referral of a number of ministers and former officials to the Integrity Commission on suspicion of involvement in corruption cases.

The list of those referred to integrity included the former Minister of Construction, Mohammad Sahib al-Daraji and the former Minister of Education, Mohammad Tami Mak

Read More: Mawazin.net (Special Thanks to Paul Moseley)
______________________________________________________________

BGG ~ I will not have reliable phone service for Monday and most of Tuesday. I do have acceptable internet where we are staying. If you need a quote, to buy or sell Dinar – Please leave me a message on voicemail, send a text, an e-mail or FaceBook message me. These all work. All orders (buy & sell) booked while I am out of town will be considered good and will be filled (& paid for) next Monday (the 20th).

Our Current Buy-back rate is $800 per million.

www.TheDinarExchange.com

______________________________________________________________

Abadi’s coalition claims deal to form new Iraqi government

ERBIL (Kurdistan 24) – Iraqi Prime Minister Haider al-Abadi’s political alliance announced on Friday that it had reached an agreement with other major parties to form the next government.

According to a statement released by Khaled al-Obeidi, chief negotiator of the Nasr (Victory) Coalition, the deal includes the frontrunner of May’s election, Muqtada al-Sadr’s Sairoon coalition, Ammar al-Hakim’s al-Hikma (Wisdom) party, and Ayad Allawi’s al-Wataniya (National) coalition.

Obeidi said that preliminary talks with al-Hikma and al-Wataniya had “led to positive results and common understandings, preparing the groundwork for a viable government program.”

“We are now in close agreement with Sairoon, al-Hikma, and al-Wataniya, and have also forged understandings with the Kurdistan Democratic Party (KDP),” he added.

On Thursday, Iraq’s electoral commission announced the results of the manual recount of votes as a result of widespread controversy amid charges of fraud in the May 12 national elections. There were no substantial changes in the seat numbers won by main parliamentary blocs.

According to the final results, Sairoon remains the winner with 54 seats out of total 329, followed by the bloc associated with Shi’a militias, al-Fatih, with 48 seats. Abadi’s coalition came in third with 42 seats.

The newly-seated parliament members are charged with electing a new speaker and two deputies in their first session, to be held within 15 days of the Federal Supreme Court of Iraq’s ratification of final election results. After a new speaker is in place, lawmakers have 30 days to elect, by a two-thirds majority, Iraq’s new president, who is then given 15 days to nominate the prime minister from the largest bloc in parliament.

The prime minister, in turn, will have another 30 days to form his cabinet, with ministers then referred back to parliament for individual approval. If the effort is unsuccessful, the president has yet another 15 days to nominate another prime minister to repeat the process of forming a cabinet.

Over the past month, Iraq has witnessed a wide range of protests across the central and southern provinces with people demanding better public services, higher employment, and reducing massive corruption in state institutions. Protesters have also called for major reform in Iraq’s political process.

Article Credit: Kurdistan24.net (Special Thanks to Charles Bright)
______________________________________________________________

______________________________________________________________

Kaperoni (Dinar Guru) –   Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.

Big deal – they are announcing something they have been doing all along… plus, this “big announcement” says they are paying $725 per million for IQD – BGG is paying $800 (as of Friday – go to – www.TheDinarExchange.com )

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Iraq Elections Results almost Unchanged after Manual Recount

Almost no change has been made to the results of a recent parliamentary election in Iraq after ballots were manually recounted over fraud allegations, the country’s top electoral body has announced.

The commission said early Friday that less than a dozen members of the Iraqi parliament, out of 329, lost their seats after a manual recount of the ballots cast in the May parliamentary elections.

The results confirmed the victory of Shiite cleric Muqtada al-Sadr’s bloc.

The only major change that came out of the recount was related to the Conquest Alliance led by Hadi al-Amiri, who leads an influential pro-government militia force.It would have an extra seat at the expense of another political group known as the Baghdad list.

The Conquest will now have 48 seats in the parliament, remaining in the second place after the Sadr Movement, which has secured 54 seats. Incumbent Prime Minister Haider al-Abadi’s party will also have 42 seats.

The votes recount came following allegations of fraud which mainly revolved around the electronic voting machines used for the first time in Iraq’s elections, Press TV reported.

The recount results pave the way for political parties to form a government. The Iraqi supreme court must now ratify the new results. Once ratified, the outgoing president must convene a parliamentary session within 15 days to begin the process of forming a coalition government.

Earlier, the United Nations had commended the manual recount of votes as “credible and transparent”. Alice Walpole, a UN envoy to Iraq, said Monday the UN had observed the process and found it to be “conducted in a manner that is credible, professional and transparent.”

“We are very pleased that it’s been concluded and we look forward to the next steps in this process towards the formation of the new government,” Walpole said after the recount concluded on Monday.

Read More: Islamicinvitation.com (Special Thanks to Ann Zucc)
______________________________________________________________

Mnt Goat (Dinar Guru) –   Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event…but a very slow process. He said it would take months to complete.  Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

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: $995 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
______________________________________________________________

Kaperoni (Dinar Guru) –  …the dinar cannot be international at 1190 $1…Sure it can and it will!  At least start there…for how long it stays there I have no answer but it’ll rise based on supply and demand and economic principles…people…are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190.  The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI’s capital account, that economic pressure will create inflation which the CBI will raise the value to counter…the rate is 1190 until the CBI decides to change it.

I do expect it to rise fairly quickly over a 6 months to a year.  But again that’ll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq.   [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Kaperoni (Dinar Guru) –   …Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher…many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country’s exchange rate.  So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued.   [post 2 of 2]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Sadr Alliance announced the final touches to the formation of the largest bloc

______________________________________________________________

URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

International: Euphrates News – Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

Article Credit:  Alforatnews.com (Special Thanks to Charles Bright)
______________________________________________________________

Iranian media stunned by Iraqi PM’s compliance with US sanctions

Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise.

“As a matter of principle we are against sanctions in the region,” Abadi said at a press conference Aug. 8. “Blockade and sanctions destroy societies and weaken regimes.” He added that they are a “strategic mistake” but that Iraq “will abide by them.”

Given Iran’s immediate and unconditional support for Iraq after the rise of the Islamic State (IS) terrorist group in northern Iraq in 2014, compared with that of the delayed and conditional support of the United States, Iranian media and social media users were very critical of Abadi’s support of US sanctions. One official even mentioned memories of the Iran-Iraq War.

Iranian parliamentarian Mahmoud Sadeghi, who is an outspoken official, particularly on Twitter, tweeted, “The Iraqi government, according to Article 6 of Resolution 598 [which ended the Iran-Iraq War], owes the Iranian government 1.1 trillion dollars in reparations for the imposed war [Iran-Iraq War]. The Iranian government, given the restrictions on the people of Iraq, has postponed its demands on these reparations. Now, the prime minister of Iraq, instead of paying up, will cooperate with oppressive sanctions against the people of Iran.”

In an article in Russian-funded Sputnik, Emad Abshenas wrote that Abadi, who is still trying to form a government after the Iraqi elections in May, made double-sided comments both criticizing the sanctions and abiding by them in order to attract maximum approval from Iraq’s parliament. Abshenas wrote that during Iraqi elections officials attempt to portray themselves as being bipartisan and independent and there is no country better suited than Iran for officials to use in order to achieve this end, either through indirect criticism or with friendly gestures toward Saudi Arabia, Iran’s regional foe. Abshenas noted that Abadi visited Saudi Arabia before visiting Iran, despite the closer relations between Tehran and Baghdad.

Abshenas said that Iranians, unlike the Americans, do not incessantly remind the Iraqis of Iranian contributions in the fight against IS, nor of Iran’s support for Abadi’s rise to the position of prime minister. The article suggested that Abadi may not only turn his back on Iran but could also one day turn against Iran.

A number of domestic Iranian media outlets also covered Iraqi criticism of Abadi’s decision to cooperate with US sanctions, particularly comments by Iraqi groups who are politically aligned with Iran.

In an article for IR Diplomacy, analyst Mohammad Sadeghi al-Hashemi wrote that Iran “has always been honorable with respect to Iraq.” He asked how Abadi could make such a decision knowing that sanctions will lead to “hunger, poverty, sickness and deprivation.” He continued that Abadi’s support of US sanctions has “no benefit for the people of Iraq.”

Hashemi concluded that Abadi’s statement that Iraq will abide by US sanctions indicates that he is seeking Washington’s approval for the formation of his government after the elections. He questioned why Iraq should stand alone to support these sanctions when Russia, Europe, China, Pakistan and India have all expressed opposition to them.

Seyyed Hashem al-Mousavi, a spokesman for Kataib Hezbollah, a Shiite paramilitary group that receives Iranian support, asked, “Since when has the Iraqi nation become part of the project to sanction other nations?” Referring to the group’s fight against the Islamic State, he said, “We have given blood for the consolidation of the country and we will not allow anyone to encroach upon our independence.”

Echoing similar comments made by Hashemi, Mousavi said, “This is not a [United Nations] Security Council decision that we must submit to.” He added, “Two-thirds of the world is standing with Iran.”

Referring to Iran’s support in the fight against IS and Iranian advisers killed in Iraq by the terrorist group, Mousavi said, “It is not clear who is advising you? Is the reward for goodness not goodness that you cooperate with Iran’s enemies? How will you answer the people of Iran after they supported us with all of their being? How will you answer the families of their martyrs?”

Read more: Al-monitor.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!!

www.DinarUpdates.com

Abadi’s coalition claims deal to form new Iraqi government

ERBIL (Kurdistan 24) – Iraqi Prime Minister Haider al-Abadi’s political alliance announced on Friday that it had reached an agreement with other major parties to form the next government.

According to a statement released by Khaled al-Obeidi, chief negotiator of the Nasr (Victory) Coalition, the deal includes the frontrunner of May’s election, Muqtada al-Sadr’s Sairoon coalition, Ammar al-Hakim’s al-Hikma (Wisdom) party, and Ayad Allawi’s al-Wataniya (National) coalition.

Obeidi said that preliminary talks with al-Hikma and al-Wataniya had “led to positive results and common understandings, preparing the groundwork for a viable government program.”

“We are now in close agreement with Sairoon, al-Hikma, and al-Wataniya, and have also forged understandings with the Kurdistan Democratic Party (KDP),” he added.

On Thursday, Iraq’s electoral commission announced the results of the manual recount of votes as a result of widespread controversy amid charges of fraud in the May 12 national elections. There were no substantial changes in the seat numbers won by main parliamentary blocs.

According to the final results, Sairoon remains the winner with 54 seats out of total 329, followed by the bloc associated with Shi’a militias, al-Fatih, with 48 seats. Abadi’s coalition came in third with 42 seats.

The newly-seated parliament members are charged with electing a new speaker and two deputies in their first session, to be held within 15 days of the Federal Supreme Court of Iraq’s ratification of final election results. After a new speaker is in place, lawmakers have 30 days to elect, by a two-thirds majority, Iraq’s new president, who is then given 15 days to nominate the prime minister from the largest bloc in parliament.

The prime minister, in turn, will have another 30 days to form his cabinet, with ministers then referred back to parliament for individual approval. If the effort is unsuccessful, the president has yet another 15 days to nominate another prime minister to repeat the process of forming a cabinet.

Over the past month, Iraq has witnessed a wide range of protests across the central and southern provinces with people demanding better public services, higher employment, and reducing massive corruption in state institutions. Protesters have also called for major reform in Iraq’s political process.

Article Credit: Kurdistan24.net (Special Thanks to Charles Bright)
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Economist: The Central Bank put solutions to stop the rise in the dollar exchange rate

Economist Bassem Jameel Antoine said on Sunday that the central bank has put in place solutions to stop the rise in the dollar exchange rate, pointing out that the central bank has stopped remittances with Iran.

Antoine said in a press statement that “the dollar exchange rate in Iraqi markets has seen a recent rise, because some dollar is delivered to Iran in cash across the border between the two countries, especially after the suspension of remittances between the two countries.”

“The central bank has announced its commitment to the terms of the International Monetary Fund, to stop the remittances between Iraq and Iran, which will lead the private sector to buy the dollar in larger quantities than the former market, for trade exchange between the two countries.”

He explained that “the large demand on the dollar, will make the price rises from the former, which drives the central bank to pump large amounts of the dollar in order to reduce the exchange rate, taking advantage of the large abundance of the dollar in the country,” asserting that “Iraq has about $ 12 billion dollars From Iran, but was affected by the US sanctions imposed on Tehran. ”

Article Credit: Knoozmedia.com (Special Thanks to Charles Bright)

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Kaperoni (Dinar Guru) –   Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.

Big deal – they are announcing something they have been doing all along… plus, this “big announcement” says they are paying $725 per million for IQD – BGG is paying $800 (as of Friday – go to – www.TheDinarExchange.com )

Read more: http://www.dinarupdates.com/observer/
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Iraq Elections Results almost Unchanged after Manual Recount

Almost no change has been made to the results of a recent parliamentary election in Iraq after ballots were manually recounted over fraud allegations, the country’s top electoral body has announced.

The commission said early Friday that less than a dozen members of the Iraqi parliament, out of 329, lost their seats after a manual recount of the ballots cast in the May parliamentary elections.

The results confirmed the victory of Shiite cleric Muqtada al-Sadr’s bloc.

The only major change that came out of the recount was related to the Conquest Alliance led by Hadi al-Amiri, who leads an influential pro-government militia force.It would have an extra seat at the expense of another political group known as the Baghdad list.

The Conquest will now have 48 seats in the parliament, remaining in the second place after the Sadr Movement, which has secured 54 seats. Incumbent Prime Minister Haider al-Abadi’s party will also have 42 seats.

The votes recount came following allegations of fraud which mainly revolved around the electronic voting machines used for the first time in Iraq’s elections, Press TV reported.

The recount results pave the way for political parties to form a government. The Iraqi supreme court must now ratify the new results. Once ratified, the outgoing president must convene a parliamentary session within 15 days to begin the process of forming a coalition government.

Earlier, the United Nations had commended the manual recount of votes as “credible and transparent”. Alice Walpole, a UN envoy to Iraq, said Monday the UN had observed the process and found it to be “conducted in a manner that is credible, professional and transparent.”

“We are very pleased that it’s been concluded and we look forward to the next steps in this process towards the formation of the new government,” Walpole said after the recount concluded on Monday.

Read More: Islamicinvitation.com (Special Thanks to Ann Zucc)
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Mnt Goat (Dinar Guru) –   Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event…but a very slow process. He said it would take months to complete.  Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.

Read more: http://www.dinarupdates.com/observer/
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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: $995 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
______________________________________________________________

Kaperoni (Dinar Guru) –  …the dinar cannot be international at 1190 $1…Sure it can and it will!  At least start there…for how long it stays there I have no answer but it’ll rise based on supply and demand and economic principles…people…are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190.  The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI’s capital account, that economic pressure will create inflation which the CBI will raise the value to counter…the rate is 1190 until the CBI decides to change it.

I do expect it to rise fairly quickly over a 6 months to a year.  But again that’ll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq.   [post 1 of 2….stay tuned]

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   …Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher…many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country’s exchange rate.  So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued.   [post 2 of 2]

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Sadr Alliance announced the final touches to the formation of the largest bloc

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URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

International: Euphrates News – Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

Article Credit:  Alforatnews.com (Special Thanks to Charles Bright)
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Iranian media stunned by Iraqi PM’s compliance with US sanctions

Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise.

“As a matter of principle we are against sanctions in the region,” Abadi said at a press conference Aug. 8. “Blockade and sanctions destroy societies and weaken regimes.” He added that they are a “strategic mistake” but that Iraq “will abide by them.”

Given Iran’s immediate and unconditional support for Iraq after the rise of the Islamic State (IS) terrorist group in northern Iraq in 2014, compared with that of the delayed and conditional support of the United States, Iranian media and social media users were very critical of Abadi’s support of US sanctions. One official even mentioned memories of the Iran-Iraq War.

Iranian parliamentarian Mahmoud Sadeghi, who is an outspoken official, particularly on Twitter, tweeted, “The Iraqi government, according to Article 6 of Resolution 598 [which ended the Iran-Iraq War], owes the Iranian government 1.1 trillion dollars in reparations for the imposed war [Iran-Iraq War]. The Iranian government, given the restrictions on the people of Iraq, has postponed its demands on these reparations. Now, the prime minister of Iraq, instead of paying up, will cooperate with oppressive sanctions against the people of Iran.”

In an article in Russian-funded Sputnik, Emad Abshenas wrote that Abadi, who is still trying to form a government after the Iraqi elections in May, made double-sided comments both criticizing the sanctions and abiding by them in order to attract maximum approval from Iraq’s parliament. Abshenas wrote that during Iraqi elections officials attempt to portray themselves as being bipartisan and independent and there is no country better suited than Iran for officials to use in order to achieve this end, either through indirect criticism or with friendly gestures toward Saudi Arabia, Iran’s regional foe. Abshenas noted that Abadi visited Saudi Arabia before visiting Iran, despite the closer relations between Tehran and Baghdad.

Abshenas said that Iranians, unlike the Americans, do not incessantly remind the Iraqis of Iranian contributions in the fight against IS, nor of Iran’s support for Abadi’s rise to the position of prime minister. The article suggested that Abadi may not only turn his back on Iran but could also one day turn against Iran.

A number of domestic Iranian media outlets also covered Iraqi criticism of Abadi’s decision to cooperate with US sanctions, particularly comments by Iraqi groups who are politically aligned with Iran.

In an article for IR Diplomacy, analyst Mohammad Sadeghi al-Hashemi wrote that Iran “has always been honorable with respect to Iraq.” He asked how Abadi could make such a decision knowing that sanctions will lead to “hunger, poverty, sickness and deprivation.” He continued that Abadi’s support of US sanctions has “no benefit for the people of Iraq.”

Hashemi concluded that Abadi’s statement that Iraq will abide by US sanctions indicates that he is seeking Washington’s approval for the formation of his government after the elections. He questioned why Iraq should stand alone to support these sanctions when Russia, Europe, China, Pakistan and India have all expressed opposition to them.

Seyyed Hashem al-Mousavi, a spokesman for Kataib Hezbollah, a Shiite paramilitary group that receives Iranian support, asked, “Since when has the Iraqi nation become part of the project to sanction other nations?” Referring to the group’s fight against the Islamic State, he said, “We have given blood for the consolidation of the country and we will not allow anyone to encroach upon our independence.”

Echoing similar comments made by Hashemi, Mousavi said, “This is not a [United Nations] Security Council decision that we must submit to.” He added, “Two-thirds of the world is standing with Iran.”

Referring to Iran’s support in the fight against IS and Iranian advisers killed in Iraq by the terrorist group, Mousavi said, “It is not clear who is advising you? Is the reward for goodness not goodness that you cooperate with Iran’s enemies? How will you answer the people of Iran after they supported us with all of their being? How will you answer the families of their martyrs?”

Read more: Al-monitor.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!!

www.DinarUpdates.com

Abadi candidate victory for prime minister

Baghdad – Mawazin News – announced victory coalition led by Haider Abadi, Saturday, that the latter will be a candidate for the presidency of the Council of Ministers in the next government, while he pointed out that the dialogues on the political blocs are still ongoing.

The leader of the coalition Faleh al-Fayadh in a television interview followed by / Mawazin News / “The dialogues are still continuing to form the largest bloc and we believe it will crystallize after the announcement of the results of counting and sorting by hand.”

He added, “Our candidate in the coalition of victory for prime minister is Haider Abadi and of course, the other blocs will submit candidates for the post.”

It is noteworthy that several political blocs opposed to take Haider Abadi prime minister for a second term

Article Credit: Mawazin.net

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Article Credit: Almasalah.com

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Kirk H. Sowell (Dinar Guru) –  […care to handicap Maliki’s chances of being PM again?]  Very close to zero. If Abadi is not reelected, it will not be one of the other leading political figures, but someone independent. The other blocs won’t accept a Sadr loyalist, Maliki loyalist, Ameri loyalist, etc.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

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: $995 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
______________________________________________________________

David M. Witty (Dinar Guru) –  Expectations thatfinal results of hand recount of Iraqi 12 May parliamentary elections will be announced this week.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Surun reveals a meeting between Sadr and Abadi, Amiri and Hakim

Information / The Alliance of Suron, on Sunday, a meeting expected between the leader of the Sadrist movement Moqtada al-Sadr and Prime Minister Haider Abadi, the head of the Fatah alliance Hadi al-Amiri and the leader of the wisdom movement Ammar al-Hakim.

A member of the coalition, Raed Fahmi said in a statement to / information / that “Sadr will meet Abadi, Amiri and Hakim during the coming period to discuss political alliances and the formation of the government expected,” pointing out that “the meeting will lay the main points to form a government.”

He added that “Sadr will discuss with Abadi, Amiri and Hakim points raised by a government program in the formation of the next government,” explaining that “these meetings will be the formation of the largest bloc or go to the option of political opposition.”

The leader of the Sadrist movement, Moqtada al-Sadr has announced, earlier, 32 points to participate in alliances to form the next government, after the demands of legitimate demonstrators.

http://www.almaalomah.com/2018/08/05/332245/

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Kirk H. Sowell (Dinar Guru) – Abadi’s statement that Iraq now needs $75 brent ($67 Iraqi oil) to cover operational costs – I quote it here – is the most significant thing he’s said lately. That’s a break-even price that doesn’t include any CapX, just operational spending to keep the state clunking along.

Read more: http://www.dinarupdates.com/observer/
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Mnt Goat (Dinar Guru) –   I am telling everyone the reinstatement of the Iraqi dinar is very, very near. Not today and probably not this weekend but maybe in the coming weeks. Yes, I said it. One [article] …is telling us the CBI is requesting the IMF to “lift all barriers previously imposed on Iraq” on the currency. Can it get any clearer than this? They are about to do something with the dinar. Then add this together with the news that just came out about announcing the election results next week and that Maliki made some deals (maybe to get a position again in the govt?). This is all a confirmation that this may finally be coming to an end. The pieces are fitting together and are giving us a picture of the coming of the reinstatement of the dinar.

Read more: http://www.dinarupdates.com/observer/
______________________________________________________________

Some interesting headlines…

Sadr Alliance announced the final touches to the formation of the largest bloc

Al-Hakim’s movement declares its support for the war of Abadi against corruption: a story of “corrupt” call will win the second term

Rafidain Bank and KI partnership to provide global services soon

______________________________________________________________

Economy News Baghdad – The Central Bank of Iraq said on Thursday that the decision of the International Financial Action Organization ( FATF ) to withdraw Iraq from the list of countries under the monitoring and follow-up of international funds has raised the confidence of States in dealing with the financial with Iraq, revealing the transfer of 180 reports to the prosecution during the last period On suspicion of money laundering or terrorism financing.

“The decision of the International Financial Action Organization has helped to acquire foreign financial transactions of Iraq, a great credibility for countries, banks, foreign correspondents and financial institutions,” said the governor of the Central Bank, Ali al-Alaq, in a statement quoted by the official newspaper “Al-Sabah”. That “these parties are afraid to deal with countries that do not have full discipline or control on the fight against money laundering and the financing of terrorism.”

He explained that “Iraq is currently attractive to international financial and investment institutions and once the announcement of raising the attention of all international financial institutions,” noting that “among the indicators of seriousness of the country in this context, enabling him to submit 180 reports of the prosecution on suspicion of money laundering or terrorism financing “He said.

He pointed out that “Iraq’s financial and monetary transactions going in the right direction in conjunction with the development of regulatory systems and laws as all banks are required to establish anti-money laundering units and compliance units, as well as ensure the independence of the money laundering and terrorism financing.”

Article Credit: Economy-news.net

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The absence of small monetary categories is detrimental to the stability of the local economy

Baghdad – In the middle of the clothing shop, Ali Ali stopped after he was chatting with a customer of the shop and then went to his small table, which he put at the end of his small shop, and while he was preoccupied with his talk, he opened the drawer of the desk. The local currency of the category of 250 and 500 and 1000 dinars, he said: “The small cash groups have come close to our shops, so how can we deal with customers, especially those who give us big categories like 5, 10 thousand and 25 thousand dinars, really it’s a big problem.”

The expert on economic and academic affairs Dr. Hilal al-Taan said that the existence of small monetary groups leads to a drop in prices, unlike the large groups, which lead to an increase in inflation and high prices, especially with the categories of 25 and 50 thousand dinars.

It is known that any economy in which small groups of cash coins disappear leads to the rule of Large and increase circulation in the market at a small expense. A notable absence is not the shops and markets alone suffer from the absence or lack of small monetary groups, but it applies to banks as well, says the bank preferred not to be named:

“We have noticed recently the absence of cash categories of 250 and 500 dinars, as we can no longer provide them and give them both citizens and employees, and that we are equipped with them are very few compared to the real need for them, and no one knows why the disappearance because we did not notice any new edition in the markets and not in banks. This poses a threat to our economy because these categories are within the reach of everyone and circulation easy compared to those large existing such as 50 thousand dinars, so banks had to accept the damaged currencies and received from the citizens.

Director General of the Department of Repair and Storage in the Central Bank Agency Abdul Karim Hassan said in an earlier statement to morning:

“We have instructed the government and commercial banks to receive the damaged banknotes from the citizens and replace them without any fines and to submit them later and in any quantity and banks contrary to those instructions are accounted for, and in terms of currency burned or buried citizen can be delivered to the Central Bank exclusively to be replaced immediately after submission according to certain controls” .

While he is busy arranging clothes in his place, Ali Kamel wonders: “What is the real reason for the absence of small groups? Earlier, we would note the existence of modern currency coins and are being dealt with. Today, the available is only old and almost damaged, To the market and how can a simple citizen to cope with this, which may lead to higher prices of goods and goods?For bank notes – it is customary to print currency outside the country and provide a cover for printing according to a certain vision and Iraq provides this from the sale of oil and perhaps the lack or disappearance of small cash groups is evidence of the failure of the printing process.

It is known that the former system was the process of printing within the country and are traded by citizens in Iraq exclusively. It was not recognized outside of it when the fall of the system, this money (was of) little value and was handed over by the citizens to the competent authorities to benefit them in one way or another, the current (as in – NEW) currency is internationally recognized and has a value compared to its counterpart (BGG ~ this is probably referring to the Saddam era currency).

The Director General of the Department of Repair and Storage that the Central Bank has equipped the Rafidain Bank and Rashid Banknotes and small groups to pay within the salaries of employees, and the bank to sort out the damaged and compensated with new papers, noting that the Bank continues to print banknotes and improve, especially small groups and pumping instead of damaged papers , Calling for the preservation of the currency and accept whatever its status as a symbol representing the sovereignty of the country and inform the bank in case of refusal of banks to receive the damaged currency of citizens.

The Iraqi Dinar

After the British occupation of Iraq during the First World War, the occupation authority introduced the currency of the Indian Rupee as the official currency instead of the Ottoman lira, and in 1931 it was decided to establish a council of the Iraqi currency, which is responsible for issuing a special Iraqi currency. The law No. 44 of 1931, Equal to the value of the pound sterling, and divided into 1000 fils, as appeared in the first issue of the dinar during the reign of King Faisal I on the first day of April 1932, and the banknotes in the category of quarter and half dinars and dinars and five and ten dinars and one hundred dinars. The Bank of the Iraqi currency continued issuing paper and metal coins until the establishment of the Iraqi National Bank in 1947. In 1954, the Central Bank of Iraq was established, which became responsible for the establishment of the Iraqi National Bank – issuing the Iraqi currency (the Iraqi dinar) was through these (banks).

The coins of the fifties, Jamil Hamed, believes that the coins that were circulating in the fifties and sixties of the last century are a form of civilization of the types of monetary categories, as they were different, worth 5 and 10 fils, all of which were accessible to the citizen and easy to get.

Economic researcher Laith Ali Bin said that it is known that the shape of the currency and its effects on the psychological consumer (is great), and this is proved by various scientific studies as increasing pride in his currency and his desire to ration purchase, as well as the need for the coin, which is noted that it did not disappear from trading in different countries of the world. It depends on the existence of parts, for example 350 or 450 dinars and we note that the coins disappeared completely from trading in our Iraqi markets, and earlier had a presence in the past – we used this currency. Today it has been dispensed for several reasons, including changes that took place in the trading markets, as well as the cost and was replaced by the paper, which is now the lady of trading.

The researcher points out that economic affairs in the matter of the decline of the Iraqi currency against the dollar, it may feel that the citizen’s national currency has no value, either when the rise gets great pride by him, begins to maintain and try to legalize the purchase, and with regard to delete zeros from the Iraqi currency. !!!!

There is a belief that this matter has an impact on the psychological side, when they disappear from the monetary currency the citizen will feel the importance of currency and the need to preserve them. In addition, the paper that the currency is printed on must be of the type of luxury, as badness (poor quality) has psychological effects and drives the consumer to think “I need to get rid of this coin, and replace it with a better quality of clear and colored paper”.

Article Credit: Iraqakhbar.com
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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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