Dinar Updates ‏@DinarUpdates  3h3 hours ago

Sadr calls followers to take part in a demonstration next Friday to demand the reform of SJC

http://www.dinarupdates.com/showthread.php?18257-Sadr-calls-for-followers-to-take-part-in-a-demonstration-next-Friday-to-demand-the&p=128157&viewfull=1#post128157 …

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Aggiedad77 – Article:  “Iraq: the night of the arrest of al-Maliki”  Now there is a catchy news article title…a real attention getter…Maliki’s time is surely short…he is continually being turned down…he is spurned from political leadership…his group of protectors grows smaller and smaller…so when will he be pulled from the street…when will that fateful knock on the door draw him from the safety of his mansion…he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people…his time is coming…because his options are running out.
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Delta – [what is the citizen’s reactions to “what seems like delays” in the monetary reform and are they liking what Abadi is doing?]  CITIZEN LOVES ABADI, THEY ARE CLEANING HOUSE BEFORE THEY PULL THE TRIGGER.  IMO WE SHOULD SEE WHAT WE ARE WAITING FOR SOMETIMES NEXT MONTH.
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tman23 – How attractive are those B- rated Bonds with a potential of $30 a barrel future?? ……  So Iraq cuts government payroll pork by eliminating positions…….that only means more unemployed people that will go on the ration card system…..  Iraq politicians speaking of reforms for 9 years………At this point it is equivalent to them arguing over the arrangement of the deck chairs on the Titanic……… Better find a solution to seal the hole and make the ship float…..interior design should not be a focal point !!
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Iraqi Dinar/Dollar auction 24-08-15

Currency Auctions Announcement No. 3020 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 24-08-2015

The results were as follows:

DETAILS	NOTES
Number of banks	29
Number of remittance companies	7
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	199,513,852
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	199,513,852
Total offers for selling (US$)	—–

More: https://dinarupdates.com/observer/
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Delta – […do you see them accomplishing their Goal with int bonds this year. B/c that would require a rate imo. Or do you think they will push the implementation date back due to needing more progress etc?]  YES WE SHOULD SEE INT BONDS THIS YEAR IMO NEXT MONTH. THEY NEED THE MONEY SO BAD, WITH OIL PRICES GOING DOWN.  ALSO THEY NEED INVESTOR TO GET IN…WITH OUT A NEW RATE NO ONE WILL INVEST IN IRAQ.
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Aggiedad77 – Article:  “Iraq: the night of the arrest of al-Maliki”  Now there is a catchy news article title…a real attention getter…Maliki’s time is surely short...he is continually being turned down…he is spurned from political leadership…his group of protectors grows smaller and smaller…so when will he be pulled from the street…when will that fateful knock on the door draw him from the safety of his mansion…he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people…his time is coming…because his options are running out.
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BGG – [I always thought RI meant reinstatement of the price it was on the market before the sanctions began – is that right?]   were that to happen – yes, that is what it would be called. I doubt it though – I suspect some other “regime”…
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Analysts: al-Maliki at war again after being convicted of the report of Mosul

http://www.dinarupdates.com/showthread.php?18174-Analysts-al-Maliki-at-war-again-after-being-convicted-of-the-report-of-Mosul&p=128045&viewfull=1#post128045

BGG Notes:

Maliki came back from Iran where he met with most of his most ardent Shia supporters (not all Shias support him – as before).

The Dawa party (and Maliki) “facially supports” these recent reforms called for by the Iraqi Clerics and the demonstrators (the people)… However, it’s a political tactic. He needs to look like..

“HE’S THE REFORMER”, or at least line himself up with the reforms…

Then there’s these rants blaming Erbil and Turkey for the fall of Mosul. Maliki must think no one remembers Barzani going to the press when Maliki wouldn’t listen about ISIS on the move.

There are articles out that affirm they put the SLC at Abadi’s disposal… again a weak showing of being “on the side of reforms” – not the “focus of the reforms”…

On the other hand Maliki is secretly attempting to subvert Abadi  everything he does.

It is worth noting – there are numerous OP ED’s out recently pointing out that if Maliki really wanted reforms he would have done so long ago.

Maliki is in now in FULL DAMAGE control…

The Friday before the Mosul Report was coming out – he went to Iran to gather support. This move seems to have (temporarily) worked. This caught me a little off-guard. I didn’t think he had that kind of support from Iran once they pulled their support from his bid for a 3rd term.

He did not come back until he had some assurance of some kind – though no guarantee, he must feel he has some potential for survival.

This just goes to show you. I was told some time ago he had deep support from some very unlikely sources. It appears both Sunni leadership was “on the take” as well as some level of support from the Iranian Mullahs. Though they don’t seem to support another Maliki term – they don’t appear ready to throw him overboard just yet either. There is no guarantee they won’t though.

They have even sent Gen Qassem Soleimani into Iraq south of Baghdad to orchestrate a “quelling” of the demonstrations and supposedly to secure Maliki’s safety. However, I am not convinced his ultimate safety is Soleimani’s underlying mission.

This report of Gen. Soleimani being there is limited in it’s scope (how many times/and how it is reported) – so I view this with a healthy dose of skepticism. Also – this frantic move to maintain control over Iraq may well backfire on them. It is becoming clearer and clearer they have some agenda. This is surely not lost on the Iraqi people. Overall, they are typically not happy about external influence – US or Iranian. They don’t like it. One good thing – all of this has forced the Iranians to play their hand in a more public fashion. Now they all know…

Abadi was quoted just recently as saying…

…”the prime minister does not think now in dissent nor undo the reforms, and will not seek to raise Maliki’s name from the list of defendants fall of Mosul.”…

Meaning – he won’t take Maliki’s name out of this report… it will play out.

I don’t see – with the mounting charges, how Maliki survives this barrage. Mosul, Halabja, embezzlement from the CBI, the Speicher massacre, the prison break, it goes on and on and on…

Further – my comments regarding “Maliki as gone” – are clearly “forward looking statements” and ARE IN PROGRESS. Visible progress has been made – for now, Maliki is NOT A VP and is NOT WELCOME in official GOI meetings. Party meetings are one thing. GOI is another thing entirely.

Rather than get caught up in who’s right and who’s wrong and what the details are – what about the WHY?? WHY did Abadi move now?? Was it demonstrators?? No – I doubt it very much. Maliki can think he has everyone right where he wants them – but keep in mind this whole campaign of reform was kicked off by the WB/IMF telling Iraq to get their AML (Anti-Money Laundering) and corruption under control (both issues pointed DIRECTLY AT MALIKI). They were given until Oct 1st to get an AML law put in place. It would probably help Abadi to have an Investment Law in place as well.

Thus far Abadi has responded. Judiciary is next. He needs to keep up the pressure...

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Delta – […do you see them accomplishing their Goal with int bonds this year. B/c that would require a rate imo. Or do you think they will push the implementation date back due to needing more progress etc?]  YES WE SHOULD SEE INT BONDS THIS YEAR IMO NEXT MONTH. THEY NEED THE MONEY SO BAD, WITH OIL PRICES GOING DOWN.  ALSO THEY NEED INVESTOR TO GET IN…WITH OUT A NEW RATE NO ONE WILL INVEST IN IRAQ.
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firefly – [What are your thoughts on Abadi eliminating Parliament and rewriting the constitution?]  They are going from a parliamentary constitution to a democratic constitution. HUGE.  Exactly what was expected of them.  [Didn’t the USA have a big hand in writing their new constitution?]  They are helping Abadi amend it, yes.  Maliki never abided by the old constitution if he did, we wouldn’t be here right now!  Well something needs to happen prior to Oct 1st.   Have to remember…both Abadi AND Saleh told us back in Dec 2013 that the deletion of 3 zeros will occur in 2015.  What did they know back then that most here didn’t? In Fact Abadi even went as far as to say…AFTER THE NEW PARLIAMENT!   [post 2 of 2]
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Millionday – […this 48 hour implementation for the economic reforms, would that include an RV?]  GOOD QUESTION.   [If they’re going global, they would have to be internationally recognized? At least you would think so.] YES THEY WOULD AND WITH STOCK MARKET REFORM AND BANKING REFORM IF IT IS ENTIRELY WOULD REQUIRE INTERNATIONALLY RECOGNIZED MARKET ECONOMY IN THE GLOBAL ARENA REQUIRES IT.  [They could go global at the rate they are at now though.]   NO THEY HAVE TO DO THE ORDERED INTERNATIONAL EQUATION — GLOBAL PRICING INDEX APPLIES TO EVERYONE DOING TRADE THROUGHOUT THE GLOBE — IT IS WHAT MAKES TRADE FAIR.  [post 2 of 2]
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firefly – [What is keeping Maliki from being gone? His position has been eliminated and yet he still has a forum.  He refuses to resign. What in the constitution is allowing him to still have a foot in this game?]  Anybody can create their own forum if they scream loud enough. Does it add any validity to it?  He could refuse all he wants, he is out!  M [Maliki] will be taken care of by the proper authorities…as well as his sidekicks!  Abadi KNOWS that!  IMO he is irrelevant to the reform…Has no power…lost his job…nobody likes him. lol.   Abadi is SAFE!  [post 1 of 2….stay tuned]
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BGG – [BGG would be right on when he said 2 or 3 days or weeks.]   I was saying – the next short period of time should be very exciting – what that means is anyone’s guess. In no way am I “vaguely pointing out” an RV.  Maliki and Alak need  dealt with PLAINLY – and with finality.  I have been (and am) encouraged by the apparent rapid movement on this front…further – my comments regarding “Maliki as gone” – are clearly “forward looking” and in progress…
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Millionday – Article quote:  “Today launched the (economic morning) new shape with the start of the morning 48 as usual to call since the idea of expansion, three pages devoted to the economy out of its importance at the local and global scales…”   THE ECONOMIC REFORMS HAVE BEGUN — THEY ARE TO SATISFY THE CITIZENS AND ALSO ADDRESS NOT ONLY THE DOMESTIC — BUT THE GLOBAL SCALE.  SO THE PROCESS MAY BE HARD/DIFFICULT BUT THE PAY OFF (NO PUN INTENDED) WILL BE GREATER…THIS WILL BE RELEASED TO THE CITIZENS IN THE MORNING [SUNDAY] (MEANING THE REPORT)  [this goes out to citizens in am? and the reference to 48? 48 hr activation?] YES IT DOES.  [post 1 of 2….stay tuned]
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Breaking News Hakim: We defend our country with our souls, blood

Baghdad (Forat) – The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, confirmed “We will defend our country with our souls and blood to prevent anyone who attempts to steal our achievements.”

http://www.dinarupdates.com/showthread.php?18163-Breaking-News-Hakim-We-defend-our-country-with-our-souls-blood-8-23&p=128032&viewfull=1#post128032
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My Ladies – THE VERY INSTANT IRAQ COMES OFF THE PROGRAM RATE AND TRADES IT WILL GO THROUGH THE SAME SETTLEMENT SYSTEM AS ALL OTHER CURRENCIES.  CENTRAL BANKS ARE NOT SET UP TO KEEP JUST IRAQ ON THEIR OWN SETTLEMENT SYSTEM.  THEREFORE THE CENTRAL BANK OF IRAQ CAN NOT REINSTATE THEIR CURRENCY AND KEEP IT ALL TO THEMSELVES.  LOOKING GOOD SO FAR, THEY ARE TIGHTENING UP ALL THE SCREWS AND BOLTS…WOW!! WHAT PROGRESS AND ALL GEARED TO THE INTERNATIONAL MARKETS AND BANKING.
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Aggiedad77 – Article:  “Head of the investigative committee Asagot Mosul al-Maliki accused of high treason”   The head of the committee investigating the fall of Mosul when the DAASH terrorists took over without so much of a fight from the Iraqi Army in June of 2014…the responsibility for this terrible action falls upon the shoulders of former PM Maliki…he predicts that Maliki will be tried in court for high treason.
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firefly – [you think if we ask nicely they will tell us when give us a date and time?]  Forget Dates, they have one opportunity to get this right. When the time is right it WILL happen.  […they will move before end of August or sometime before October, October is the END OF THE ROAD for Iraq according to WB?]  I am not expecting anything until Sept at the earliest…Still laws…NEED to be IMPLEMENTED.  [you think they might be waiting for implementing that together with banking going forward to be international compliance?]  I do.  Remember…the WB gave them a…HARD DATE fOR implementation.   [sounds like a lot of movement trying to happen!]  Oh…it WILL happpen alright.  [When?]  NOBODY AND I MEAN NOBODY HAS A DATE. Does anybody…think that the ones in charge of the plan will tell anybody? … Especially Dinarland? lol.   [post 2 of 2]
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Iraqi Dinar/Dollar auction 23-08-15

Currency Auctions Announcement No. 3019 (most recent listing)

This daily currency auction was held in the Central Bank of Iraq on the 23-08-2015

The results were as follows:

DETAILS	NOTES
Number of banks	22
Number of remittance companies	6
Auction price selling dinar / US$	1166
Auction price buying dinar / US$	—–
Amount sold at auction price (US$)	241,085,139
Amount purchased at Auction price (US$)	—–
Total offers for buying (US$)	241,085,139
Total offers for selling (US$)	—–

More: https://dinarupdates.com/observer/
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BGG – [How will $40 oil affect an RV…at one time it was said that $100 oil was needed?]   IMHO – not at all, I don’t agree with $100 oil being required. In fact, if one ascribes to a “short move” or “emergency currency reform” as a short term budget deficit “bridge” – then $40 oil is not a problem – but a catalyst for change.
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firefly – Article:  “(Reuters) – Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances.”  [I would think that if the BONDS are being sold internationally their currency would have a rate and also be international at the same time.]  Can’t have one without the other!  No rate change on the CBI website…yet.  As with ANY Central Bank, when there is a rate change it WILL show. Would have to in real time!   [post 1 of 2….stay tuned]
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BGG – [do you really feel Iraq can pull off a increase in value before the end of Sept or do you feel it may take longer?]    I think – as soon as Maliki is fully “dealt with” and some resolution comes to the Gov of the CBI – the door is wide open to monetary reform. THAT IS EXACTLY what I think… and all of this can happen very, very quickly.
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Ministers ‘to be Tried for Corruption’

The Iraqi Commission of Integrity has announced that over 2,000 people, are to face trial for corruption.

According to a report from BasNews, this number includes 13 govenment ministers.

At a press conference in Baghdad on Thursday, the Head of the Commission, Hassan al-Yassiri declared that in support of the Iraqi Prime Minister’s reform package, they have so far investigated 2,000 cases of corruption…

http://www.dinarupdates.com/showthread.php?18159-13-Ministers-amp-2000-Corruption-cases-to-be-tried-8-22&p=128010&viewfull=1#post128010
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tman23 – I have “heard” that today the 21st “they” were given 3 weeks to complete the laws….. (( I don’t know what laws, and I do not know who is delegating the directives )) AND……. Moshen Ismail (aka – ALAK – Gov of CBI) has submitted his resignation……The resignation by law requires a 30-day notice……And expect Sept 8th a new CBI governor to be appointed……… There is no “ink” on this and I don’t expect to see it in the press until the announcement……. That being said…..disregard it…….!!!!! But count on it !!
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Aggiedad77 – Article:  “Foreign Policy: Iraq is not a lost cause”  The Iraqi Ambassador to the US begs to differ with some within the US regarding the situation in Iraq today…some look inside the country and only see a bleak and black future, one of separation…however the Ambassador says that Iraq is not a lost cause, Iraq’s strength he says lies within their unity as a country a unity that is built upon integrity and a bonding between previously warring entities that are currently working together to push DAASH out of the country…that are working together today in support of reforms being proposed and implemented by PM Abadi and his government…he asks that US leadership not promote separation but instead stand with Iraq for unity because Iraq is not a lost cause.
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Breitling – Just going by math and looking at what’s going on in Iraq….I haven’t seen anything negative.   There is nothing out there stopping this.  It’s simply not going to happen.   Iraqi people need purchasing power.  But the CBI has to do it correctly.  They can’t just push a button and all of a sudden there is value behind their currency.  They have to make sure it can be stable and it can grow and they can control it…that’s the most important thing.  Other countries and companies won’t invest in Iraq unless it has that type of control.  [Post 2 of 2]
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Iraq initiated a new investigation and a new charge to former Prime Minister Nouri al-Maliki!

After days of insert name of Prime Minister Nouri al-Maliki accused cause the fall of Mosul, however, daash, parliamentary defence and Security Committee to investigate new charges and confirmed the parliamentary defense and Security Committee she had initiated an investigation on the file involved the escape of the prisoners over the years.
Member of the parliamentary security and Defense Committee, Hassan Salem, that “the Committee considers that political corruption, are the reason behind the escape of prisoners from prisons during the previous periods,” open this file “.

He said a member of the parliamentary security and Defense Committee, “we are determined to open all files of corruption for the purpose of holding all the defendants and upholding the right.”…

http://www.dinarupdates.com/showthread.php?18130-Iraq-initiated-new-investigation-amp-new-charge-to-former-PM-Nouri-al-Maliki-8-22&p=127959&viewfull=1#post127959
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SteveI – This is very complex and I had no clue as to all of the things that have to get done and be in place. A huge undertaking. [With all the news that we have read recently, was hoping to get…input on where we are, and where we’re headed.]  … Iraq is moving forward not backwards like some are implying. Yes, I would like to see things move a bit faster… I do have some positive news but I have not had a chance to verify it from additional sources. It is very positive.
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Mnt Goat – As we know Maliki traveled to Iran with a delegation from his party. I believe his intent was to defect to Iran since he also traveled with his family. Once there he was asked to return to Iraq. He is now back in Iraq…  Abadi is moving quickly on the clean up of the Judiciary system to get the Judicial Reforms implemented. This will clear the way for any obstacles for many future reform objectives including bringing Maliki and his goons to their final demise thus stopping the stalling of needed legislation to complete the Reconciliation efforts agreed to be completed by mid September. These reforms are moving lightening fast.
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Millionday – Article quote:  “The International Monetary Fund forecast on Wednesday, the Iraqi economy growth of 0.5% by the end of this year, thanks to expansion in the oil sector, and increase the contraction of economic activity in the non-oil.”  THE INCREASE OF NON-OIL IS ALL OTHER PRODUCTION OTHER THAN OIL CALCULATED WITH GDP.   THE IMF FIGURES REPRESENT THE ACTIVATED REFORM RESULTS…THE IMF IS HAPPY WITH THE REFORM PACKAGE AND HAS ADJUSTED ALONG WITH REFORMS PREDICTIONS OF GROWTH FOR THIS YEAR.
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Dinar Updates retweeted

Reidar Visser ‏@reidarvisser  Aug 21

Ex VP Maliki at yesterday’s gathering of #Iraq politicians trying (unsuccessfully) to find new Shia alliance leader.

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Breitling – An article came out and a lot of people are scared about the idea of a LOP…look, this is a repeat [article].   The biggest indicator for a lop is they wouldn’t reduce the note count…they wouldn’t need to…they’d just take the 3 zeros off and that’s it…that’s the indicator.  If they are physically reducing the note count…They have reduced the note count from 9 billion to 6 billion to 4 Billion to whatever they’re at today and that includes taking away the 50 dinar note.  They can’t reduce the note count like that AND take the zeros at the same time.  If you go back to the minister of finance’s plan what is it?  To get the dinar to the US dollar….that’s it.   What do they have to do to maneuver to do that?  They have to reduce the note count.  They have to get US dollars out of the market.  [Post 1 of 2…stay tuned for the rest of the story]
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Mnt Goat – The news has never greater as these reforms progress…So the news of this week is the coming of the second set of reforms as Abadi promised…We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms...watch for the completion of these reforms and you will see the light at the end of this RV tunnel.
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Frank26 – [HOW SOON DO YOU EXPECT THE LAW [HCL] TO BE ENACTED?]   IOO…M [Maliki] has never wanted the RI/RV…Then he would have to share what he stole.  IOO…The MR [Monetary Reform] and HCL are Siamese Twins…They need each other in order to live and bring life to others.  This part of the Reforms has picked up speed with the terroristic M and his minions removed.  The Tariffs are for the IMF…The HCL is for the CITIZENS…The RI is for Budget…The RV is for us.   My opinion…Would quickly be turned into a DATE. Suffice it to say…We look at Allack leaving around the first week of October.  Why?  Because the GOI builds it for the arrival of DRS [Dr. Shabibi] and the CBI’s MR [Monetary Reform].  REFORMS in many forms.  Right now.  Not…2016 or 2017.   
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Urgent. Warrant arrested Ahmad Al-Maliki!

Officials working in the General Secretariat of the Council of Ministers that the suspicions many corruption during the tenure of former Prime Minister’s son Ahmed Nouri al-Maliki responsible for the management of the Office of his father, pointing to the existence proof of this corruption.

The source, who declined to be identified for its proximity to senior officials at relevant reforms announced by Prime Minister Haidar Al-Abbadi: Ahmed Al-Maliki directly responsible for contracts and procurements of the green zone and sell property, indicating that the suspicions connected with money-laundering deal with Lebanese banks…

http://www.dinarupdates.com/showthread.php?18124-Urgent-Warrant-arrested-Ahmad-Al-Maliki!-8-21&p=127938&viewfull=1#post127938
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Bluedog – HCL…HOT IN THE NEWS GOING TO PARLIAMENT AND WE KNOW ALL THE OPPOSERS ARE GONE.  THE ONES LEFT WILL BOW TO ABADI BECAUSE THEY WANT TO BE LEFT ALONE AND NOT BROUGHT INTO THIS CORRUPTION FILE…IMO…HCL…HAS BEEN SHELVED AND AGREED UPON FOR SOMETIME.
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tman23 – ..I am in a positive frame of mind in regards to the reform of the IQD… How they arrive at a rate is unknown…But what is known is that they are on a -fast track- to get reforms in place.
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Frank26 – [do you think we have a good chance of seeing 1 to 1 before 2016?]  ONLY If we see DRS [Dr. Shabibi] back in this year.  As for 1 to 1…Or INDEX to INDEX…The USD will still be involved with the IQD but with a lower ranking postion of Power and decision making.  IOO…2016 / 17 is for the RV PHASE REFORM. Because there can be NO RV without the RI and none of them can exsist witout DRS lifting the 000’s from a numb Program Rate.
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Sadr’s movement calls for Maliki to surrender to eliminate

The political body of the Sadrist movement Nuri al-Maliki called for a surrender to justice. The authority said in a statement; that “al-Maliki on the surrender of the judiciary and to appear before the competent court and face the charges against him.” She said the body; “The court will determine guilt or innocence of al-Maliki.”…

http://www.dinarupdates.com/showthread.php?18089-Sadr-s-movement-calls-for-Maliki-to-surrender-to-eliminate-8-20-2015&p=127876&viewfull=1#post127876
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Aggiedad77 – ..interesting news overnight…from the appearance of things….it looks as though Maliki…is looking in all directions for his future…he fails to see though the handwriting upon the Green Zone wall…his welcome mat is being pulled out of from beneath him…he is quickly becoming a pauper for they have taken away his toys and pretty things…the plane…the plane…the nice shiny gold bars…all the colorful currency…they are disappearing…his pockets will soon be turned inside out…The strength of Iraq does not come from embezzling politicians any longer, the strength comes from those who are ready for reform, those who stand for a new Iraq that is breaking chains left and right as they prepare to show the people and the world they can survive by focusing on integrity and honesty…kicking the old corrupt ways to the curb…watch for it…the BEST is yet to come.
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firefly – So much happening right now… BREATHTAKING!  jUST KNOW THAT WE ARE IN THE MOMENT, AT THE FINISH LINE. DATES DON’T MATTER.
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tman23 – The reason oil is down is because manufacturing is down…The worlds economies are in deep S***! The start of October is the beginning of the development rollout for global infrastructure…instead of it being billions invested it is being escalated into the trillions… I posted in the past that June was the end of the road… Since that time Iraq was given until October 1st to get their s….. together...That is July -August-September…a 90 day time frame…a time that requires letter of credit payments… Im not going into detail on that subject…but know that the time is real… And many argue that Iraq does not follow time frames and I agree…but the developed countries do and Iraq can find itself left behind…Cuba being opened is for a reason… there is an economic shift coming and we hope we speculated right with the IQD… This is not conspiracy stuff.
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Adam Montana – [For their everyday operation and financial business, Is Iraq using their money or are they using the dollar? Seems that if they are using the dollar then we must still be supporting them financially. If that’s the case then they don’t really need to be concerned about the Dinar’s value.]  The CBI runs auctions and uses the dollar to balance the rate. From an RV standpoint it really doesn’t matter that they are using USD and IQD. All that matters is where the CBI sets the rate, because that determines how many USD we get for each Dinar.  Long story short – their use of USD is not a bad thing for us.
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Follow us on twitter @DinarUpdates !!

Dinar Updates ‏@DinarUpdates  14m14 minutes ago

Al Abadi’s long-awaited national coup

http://www.dinarupdates.com/showthread.php?17994-Abadi%92s-long-awaited-national-coup-8-20&p=127762&viewfull=1#post127762 …

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BGG – “Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq.”  Maliki was involved in the largest money laundering operation in Iraq.  This piece – in my mind, is the part that will ultimately wind up ending Maliki…the rest he can argue as “partisan”, retribution, or whatever…but stealing directly from the CBI isn’t something that Iran (or anyone else) will be able to save him from. This IS BAD…not to say that all the other atrocious crimes aren’t every bit as bad – but this goes to the very heart of Iraq’s current financial crisis. This is the thing the people are demonstrating over.
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Millionday – [have you come across anything concerning money laundering law?]  THE MONEY LAUNDERING LAW IS DONE…HUGE ANNOUNCEMENT.  [Is there any news on the HCL yet?]  THE HCL WAS ANNOUNCED TO BE VERY EASY DUE TO ITS CONSTITUTIONAL AND POLITICAL AGREEMENT PARALLEL…IT IS IN PARLIAMENT AND I BELIEVE READ TWICE — THIS LEAVES VOTE.
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My Ladies – IF WE REMEMBER THE CBI EXPLAINING TO US THE 3 CURRENCIES THEY SAID THEY WILL ALL RUN TOGETHER FOR 10 YEARS.  WHAT ARE THOSE 3 CURRENCIES? THE CURRENCY THEY HAVE NOW, AND THEN THE 50K AND 100K IS NUMBER 2 AND THEN THE PERMANENT ONE WILL BE #3.
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Al Maliki steps into Al Hashemi’s shoes

Iraqi Prime Minister Al Abadi still has a long way to go, but he is on the right track

It is a curious twist of irony that the man who pursued the now-fugitive former Iraqi vice-president Tariq Al Hashemi may suffer a similar fate. Iraq’s former premier, and former vice-president Nouri Al Maliki is currently in Iran, where some have suggested that he may never come back from as Baghdad seeks to investigate his role in the fall of Mosul to Daesh (the self-proclaimed Islamic State of Iraq and the Levant) last year. The move was a milestone for the terror group that allowed it to gain much support among radicals around the globe, as well as territory in Iraq and Syria…

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Arthur – It should now be blatantly obvious that the one missing piece to the whole RV puzzle is the lack of a Hydrocarbon Law (HCL) in Iraq to release the budget funds to the provinces as well as a myriad other items that the HCL benefits. In light of where we are in the process we can now release breaking news gathered from sources within the process.  Without going into too much minute details, the delay in the full blown release of the next round of reforms was, among other things due to the instability in the political arena in the Kurdistan region. We have information that much of that has now reached a sufficient point of closure that the next round of reforms, including the HCL is now in imminent status with the signing of some documents and release by the PTB.  We are now in a countdown to the full blown economic reform introducing the Iraqi dinar to the international community.
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Backdoc – WE ALL HAVE TO BE SO ENCOURAGED BY THE REFORM PROGRESS OCCURRING AT BLINDING SPEED. WELCOME TO DEMOCRACY IRAQ!  WITH IRAQI INTERNATIONAL BONDS ABOUT TO BE SOLD A RATE APPEARS TO BE A CERTAINTY IN THE NEXT FEW DAYS OR WEEKS. SO WHEN WILL THE BONDS BE SOLD? THAT DECISION AGAIN SEEMS TO BE IN THE COURT OF THE IMF.
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My Ladies – SO ALL OF THIS AND NOW THE IMF HOLDING ON THE BASKET IMPLEMENTATION TELLS US THAT WE SHOULD SEE AN EXCHANGE RATE NOW-ISH WITH A DOLLAR PEG ON PAR WITH THE INDEX AND THEN LATER WHEN EVERYONE BEGINS THE SWITCH TO THE SDR THEY WILL HAVE TO DO WHAT? [Do not let go of your dinar until it depegs from the usd and pegs to the sdr next year.]  RIGHT…SO THE MORAL OF THE STORY HERE IS DO NOT EXCHANGE YOUR DINAR ALL AT ONCE! THEY ARE TELLING US THEY NEED UNTIL 2017…  IMF IS TELLING US THEY NEED UNTIL, THE END OF 2016 IRAQ NEEDS TO PUT ON TRAINING WHEELS AND BECOME CONVERTIBLE NOW SO THEY WILL DO THAT WITH A DOLLAR PEG, BUT THEN LATER WHEN THEY HAVE ALL THEIR CORRECT CURRENCY AND ARE READY TO TAKE OFF THE TRAINING WHEELS THEY WILL PEG TO THE BASK AT A REALITY RATE REFLECTING THEIR GDP BY THEN AND THEY WILL HAVE A NEW PERMANENT RATE.  WE SHOULD SEE A RATE NOW ISH BUT NOT A SDR VALUE UNTIL THEY SWITCH PEGS…A 2 STEP PROCESS. [with a peg to USD at par would be $1 IQD to $1 USD right?]    WELL SORT OF…BUT I THINK THE INDEX IS 0.98 NOW.  [post 2 of 2]
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My Ladies – Press Release:  “2015 ARTICLE IV CONSULTATION…STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ.”  Quote:  “…commitment to maintain the exchange rate peg…They also welcomed the steps taken to liberalize the foreign exchange market and urged the removal of remaining exchange restrictions and multiple currency practice as external conditions evolve.” SO WE KNOW THEY ARE GOING TO MAINTAIN THE DOLLAR PEG RIGHT?  SO WHAT DOES THIS MEAN?   WELL WE KNOW THEY NEED TO BE INTERNATIONAL TO GET THE BONDS DONE…AND WE KNOW THEY NEED CUSTODIANS TO TRADE THE ISX…AND WE KNOW THEY ARE COMMITTING TO REVIVE THE PLAN OF REDENOMINATION…WE NOW KNOW THEY WILL KEEP THE DOLLAR PEG…  SO IF THEY ARE GOING TO SETTLE IN THE DINAR THEN THE EXCHANGE HAS TO BE ON PAR WITH THE INDEX RIGHT AND IRAQ IS TELLING US THEMSELVES THEY WILL NEED UNTIL 2017 SOMETIME TO BE DONE WITH CURRENCY REFORM RIGHT?  [post 1 of 2….stay tuned]
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BGG – IMHO – there is way, way, WAY too much corruption for Maliki to not face some kind of a direct criminal action – this bit about stealing directly from the CBI is very damaging – they wouldn’t be talking about it publicly unless they had the “goods”…the next few days could be very exciting.
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My Ladies – Article:  “August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange”  ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN…BASICALLY IN A NUT SHELL A CUSTODIAN.  THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW…  [I saw a US News and World Report article about it as well as AP and Reuters.]  YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY.
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Round Table Chat w/BGG 8-19-15 Part 2 of 2

Thanks to DinarRecaps.com for posting Round Table with BGG!!

BGG: says to jackflash101st Sounds like it – who knows how that will end.
BGG: says to jackflash101st Mahmoud already tried to resign.

BGG: Wow –

BGG: [the report] – emphasizes that what happened before the fall of Mosul was planned by al-Maliki in order to return to power and picking the third mandate until the door drop Sunni leaders in the western regions and the declaration of emergency law that allows him to control and put the Kurdistan region with a fait accompli,

BGG: which I said over and over – no one cared much (at the time) to listen…

BGG: WOW – as I read this whole report, it strikes me, the reason Maliki is coming back (or has – or will Thursday)… reference is made to the fact, if he stays gone his political influence ends QUICKLY.
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Read More: http://www.dinarupdates.com/showthread.php?17968-Bgg-roundtable-8-19-15&p=127706#post127706
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Adam Montana – [For a long while I heard that over half of the HCL was done, but it is still a HCA.  Is it in front of Parliament or are the Tarriff Laws and people getting Fired more important?]  In my opinion, the HCL is going to be done as quick as the actual RV – it won’t get back in front of Parliament until they are sure they are going to pass it, and pass it quickly. I’m not the only one who believes the HCL is the last key to seeing the RV, which leads me to think that it will be a 1-2 deal.  Go HCL, then go RV.
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tman23 – The NEW CBI website is extra special…and it is proof that change is about to occur… The Kurdistan Government secured the domain .KRG and has given until October 15th for all registered business to secure their domain…and then it is open to public. The reality of the IQD speculation is going to come to light… All we can do is wait and see if we speculated correctly and it delivers the ludicrous profits we all hope for. When the iisd…international institute for sustainable development…held by the general assembly of the united nations…finishes it’s meetings then the money will be released…this is what I was told…And that you can bank on!
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Millionday – Banking Report:  “Call for cooperation and integration of global economies”  THIS WAS THE TITLE OF THE BANKING REPORT…HOW GOOD IS THAT…  THE…REPORT…SHOWS INTERNATIONAL COMPLIANCE AND ALL BANKING ROLES BEING ACTIVATED.  THEY HAVE A TEAM SET FOR THE ACTUAL RELEASE OF THE ECONOMIC REFORMS.  THE BANKS ARE THE VERY FRONT OF THE ECONOMIC PROCESS FOR IRAQ…THEY HAVE TO MAKE EVERY STEP COUNT TO BRING BACK THE NATION AS PLANNED.
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Adam Montana – Well, I hate to keep harping on the same thing week after week, so I’m keeping it simple today.  No HCL, No RV. Give me an HCL, and we are back in business quicker than you can say “lickity split”! 
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Mnt Goat – WOW! I can hardly believe the news this week so far. So much news this week. Are we really on the track to finally see the project to delete the zeros from the currency and get our RV? Seems that way.  So the news of this week is the coming of the second set of reforms as Abadi promised. We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms.
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Round Table Chat w/BGG 8-19-15 Part 1 of 2

Thanks to DinarRecaps.com for posting Round Table with BGG!!

BGG: OK – lots of news to cover today – but let’s take it in chronological order. if we can…

BGG: Maliki was involved in the largest money laundering operation in Iraq

BGG: Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq.«Okaz» and learned that a private form of Iraqi Prime Minister Haider Abadi,

a government commission will begin within days to open the financial files for the owners to begin its work in parallel with the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it.
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Read More: http://www.dinarupdates.com/showthread.php?17968-Bgg-roundtable-8-19-15&p=127706#post127706
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tman23 – Actually what we are seeing is not at all surprising… June was the end of the road…and we are witnessing the change of dynamics in warp speed…There is a time limit and it is Oct 1st… But there are a host of world events tied into this timeline …which are quite coincidental if you believe in such! …there are so many documents that were set with this date from different resources. 
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BGG – Article quote:   “…the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it.“  Stunning news…Maliki was involved in the largest money laundering operation in Iraq…they actually pinned the Money Laundering / Embezzlement directly from the CBI ON HIM!!
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Kaperoni – Article:  “Jubouri: The second package of reforms will contain a lot of detailed important decisions”   We can see now that these various committees are being formed to present to the PM reforms. And the second package appears to begin to including banking reforms..specifically mentioned here “guarantee deposits.” This brings me to the committee that met yesterday discussing the currency… We could be seeing the beginning of many steps to improve the economy, strengthen the banking system and improve the value of the currency. It will be interesting to watch these packages of reforms over the next several weeks and how they are implemented.
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Maliki ‘on the run’ in Tehran in search of immunity or asylum Middle East Online

http://www.dinarupdates.com/showthread.php?17908-Maliki-%91on-the-run%92-in-Tehran-in-search-of-immunity-or-asylum&p=127598&viewfull=1#post127598 …