Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency

Roudao – Erbil – The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that “this plan needs to deliberate steps, so as not to be exploited in the fraud.”

Al-Alak said in a statement to the official Sabah newspaper that “currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage.”

He added that “the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others.”

He explained that “the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash.”

On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that “these ideas are traded by the Central Bank, but at the present time regret it.”

The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country “to prevent manipulation and fraud of weak souls.”

Read More: Dinarupdates.com “Current Iraq News Thread”
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Walkingstick (Dinar Guru) – WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON’T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT…DO WE NEED THE GOVT SEATED? NO!
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Mnt Goat (Dinar Guru) – Alalak talks about NEXT month…meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
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tman23 (Dinar Guru) – I always said…news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources…AND they said the only appropriate time to lift the zeros is at the start of the New Year…OH YES…LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE… AND THE EXCHANGE RATE…
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Digital Media: Cancellation of European sanctions on the Central Bank will activate the PayPal service officially

Al-Alsumaria News / Baghdad – The Center for Digital Media, on Thursday, that the abolition of European sanctions on the Central Bank will activate the service of PayPal officially in Iraq .

The Center said in a statement received by Alsumaria News a copy of it, “The abolition of European sanctions on the Central Bank of Iraq will make it a reliable financial institutions to deal with European institutions and thus eliminate the obstacles to activate the services of PayPal officially in Iraq.”

“PayPal is considered the best and most popular bank in the world, providing users with digital financial services. Thousands of e-shops and e-commerce sites support PayPal, which was established in 1998 and supports Arab countries – Qatar, Oman, Yemen, Kuwait, Jordan, Saudi Arabia, Algeria, Egypt, Tunisia, Morocco and Somalia. ”

The Central Bank of Iraq announced on Thursday that it was officially released from the list of EU sanctions, pointing out that it has become a reliable financial institutions dealing with European international institutions.

Article Credit: Alsumaria.tv
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Chattels (Dinar Guru) – Article: “Central Bank Governor for {morning}: cash reserve is close to $ 60 billion” Interesting article…Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: “ …it is not right to make changes under unstable conditions completely, …“; “ …the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others.”
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Kirk H. Sowell (Dinar Guru) – So it is now officially over for Iraqi Prime Minister Hayder al-Abadi’s reelection. This press conference last night was a concession speech in every sense. His reelection effort is over… this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong’s to Jamal al-Karbuli’s al-Hal party.
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Kaperoni (Dinar Guru) – …If your expecting some overnight event your mistaken. There are many experts that predict the dinar could take 6 months to a year to rise to a level equal with a dollar once they begin to float. Keep in mind it will be directly related to how fast foreign capital comes into the country through the cbi’s capital account…

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BGG ~ If you would like to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.

Our Current Sale price is $995 per million.

www.TheDinarExchange.com

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Frank26 (Dinar Guru) – I PROMISED TO GO SILENT…BUT IFORGOT TO MENTION …I DON’T CARE WHO THE PM IS …ABADI… MAHADI… GANDHI …LOL…
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Mnt Goat (Dinar Guru) – Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019.
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Kaperoni (Dinar Guru) – The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won’t the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand.

Another reason is the CBI wants to end the daily currency auctions. To do so, they must have an alternative to generate revenue. The CBI profits from the buying/selling of currency. And lastly because the IMF said so. Despite what the gurus say the IMF made it very clear…”staff encourages the authorities to create the conditions which would make possible a move to a more flexible…exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect”…The IMF is clearly talking about a float…
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Rival Iraqi factions make coalition deal and end Al-Abadi’s prime minister hopes

BAGHDAD: Pro-Iran parties in Iraq reached a deal on Thursday to join a parliamentary coalition overseen by anti-Tehran cleric Muqtada Al-Sadr that ends Haider Al-Abadi’s hopes of hanging on as prime minister.

The compromise means members of the ruling Shiite Dawa Party will be excluded from competing for the post to lead the next government, negotiators involved in the talks told Arab News.

Al-Abadi, the head of Dawa’s political bureau, who was looking to win a second term, was the biggest loser in the deal. Nuri Al-Maliki, the former Iraqi prime minister and head of the State of Law coalition, who was hoping to play a key role in nominating the new head of government also lost out.

Iraqi’s Shiite rivals have been frantically competing to form the largest parliamentary coalition, since elections in May.

Muqtada Al-Sadr, one of the most influential Shiite clerics, whose Sairoon list came first, formed a 154-seat coalition including Al-Abadi and his Al-Nassir list.

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At the same time, Hadi Al-Amiri, who heads the pro-Iranian Al-Fattah list, formed a coalition of 108 members, including Al-Maliki and his State of Law alliance.

Both Al-Sadr and Al-Amiri tried to register their coalitions in the first session of parliament on Sept. 3. The federal court had been requested to rule between them.

Violent demonstrations broke out in Basra, Iraq’s main oil hub, shortly afterwards. At least 15 demonstrators were shot dead, scores wounded and dozens of government and political party buildings set on fire, including the Iranian consulate.

Some political leaders saw the violence as an attempt to pressure negotiations in Baghdad, and Al-Sadr agreed to resume negotiations with Al-Amiri.

Several meetings were held between the two men in the last week at Al-Sadr’s residency in the holy city of Najaf, sources said.

“We have reached preliminary understandings with Al-Sadr and are working to turn them into agreements under the umbrella of Marjiyaa (the highest Shiite clerics in Iraq),” a key Al-Fattah negotiator told Arab News.

“Both Abadi and Maliki are out. Abadi is a part of the (new) coalition but he is not a candidate for the prime minister post…

Read more: http://www.dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. …if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue.
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Kaperoni (Dinar Guru) – “Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination “independent & technocrats” candidates for the new #Iraqi Prime Minister position” Does not look like current PM Abadi will be nominated for another term.
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tlm724 (Dinar Guru) – Article: “The central poses large amounts of small currency” Will be interesting to see how “Small” the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
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Wisdom reveals the near declaration of the two Kurdish parties joining the alliance of the nucleus

BAGHDAD / The deputy of the wisdom movement, Ali al-Badiri, on Monday, close to the completion of understandings and rapprochement with the two Kurdish parties, pointing out that the next few hours will see the announcement of the accession of the two Kurdish parties to our alliance.

“The alliance of the core of the largest bloc agreed with the two Kurdish parties, both the Kurdistan Democratic Party and the Patriotic Union of Kurdistan, this has nearly reached completion and convergence and understanding with them is more mature than before.”

He said, “In the next few hours we will announce the accession of the two Kurdish parties to the alliance nucleus of the largest bloc, and we try to be a complete bloc in the parliament session on Saturday.”

It is noteworthy that the alliance of the nucleus, which includes others led by Moqtada al-Sadr and the wisdom led by Ammar al-Hakim and the national leadership of Allawi and the coalition of the decision led by Osama Najafi had announced on Sunday that there are understandings up to the announcement of the alliance with the Fatah alliance led by Hadi al-Ameri, head of the Badr Organization.

Article Credit: Aynaliraqnews.com
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Mnt Goat (Dinar Guru) – Article quote: “The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones,” noting that “these quantities will meet the need of the local market for those categories of currency.” So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
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Delta (Dinar Guru) – Article quote: “The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones,” noting that “these quantities will meet the need of the local market for those categories of currency.” …A LOT OF THE THEM…SMALL NOTES…THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI…BRILLIANT PLAN…
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David M. Witty (Dinar Guru) – In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
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Dagher: $ 58.7 billion in Iraq’s hard currency reserves and 89 tons of gold

Economy News Baghdad – The director of financial operations and debt management at the Central Bank of Iraq, Dr. Mahmoud Mohammed Dagher, that Iraq’s foreign currency reserves amounted to 58.7 billion dollars, noting that the net reserves of the Central Bank of 48.3 billion dollars, and the rest is the balance of the Ministry of Finance at the bank.

“It is natural that all the countries in the world hold financial assets, namely bonds and remittances, especially the US, because they are highly reliable and easy to compare with other assets,” Dagher said in an interview with Al-Sabah Al-Jadeed newspaper.

He added that “the bank’s reserves of 48.3 billion dollars distributed across eight countries to preserve the risks and comes in the forefront of the United States, Switzerland, France and Britain, while the distribution of these reserves on several types, including cash and bonds and gold,” noting that “Iraq has 89 tons of gold And the depositor in London. ”

“We can have a dollar bond and can change it into bonds in the pound sterling, euro or yen, but you can buy gold, and we have US deposits in dollars. All of these items are in our possession,” he said…

…And the deletion of the three zeros of the Iraqi currency, he replied Dagher that “this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation, The central bank will inject the paper currency category 250 and 500 dinars to the local market in quantities that eliminate the existing health to be within the reach of the citizen to trade.

Read more: http://www.dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – Article: “CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS” So what does this article mean to us? Is this the “project to delete the zeros? Well kind of…It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. …It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes…This is just replacement of these notes… [post 1 of 2….stay tuned]
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Mnt Goat (Dinar Guru) – What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. …Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting… [post 2 of 2]
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BGG (Dinar Guru) – Article: “The Central (Bank) poses large amounts of small currency” Quote: “The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New.“ First bit of really good news in a while!!
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The Central (Bank) poses large amounts of small currency

Confirmed its continuation by replacing the damaged amounts

Baghdad / Sabah – The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New.

The Governor of the Bank, Dr. Ali Alalak in a meeting with the “morning”, will be published later: “The Central Bank of Iraq, the development of a plan to compensate the market small categories of local currency, as will be next month large quantities and huge ones,” noting that ” Will meet the need of the local market for those categories of currency. ”

He added that “the bank continues to receive local currencies damaged by citizens and replace them with new currencies,” revealing at the same time, “the existence of a specialized committee to examine the damaged papers to ensure the integrity of fraud
and manipulation.”

BGG ~ First bit of really good news in a while!!

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MilitiaMan (Dinar Guru) – Article: “Central reserves amounted to $59 billion and 96 tons went gold” This article is full of Bragging Rights…to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances… Well they will need to pay the citizens abroad the HCL (Think Somo [State Organization for Marketing of Oil] ) by such means now won’t they? Yep…All in time… imo.
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Mnt Goat (Dinar Guru) – …there are three main issues yet to resolve prior to the RV. 1. HCL – So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament…supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then…??? ; [post 1 of 3….stay tuned]
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Mnt Goat (Dinar Guru) – 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq…This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3]
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BGG ~ If you need a quote to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.

Our Current Sale price is $995 per million.

www.TheDinarExchange.com

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Mnt Goat (Dinar Guru) – 3. Article 140 – this was promised by PM Abadi during the last election of 2014. It was also promised during the 2010 election by Nori al-Maliki and neither delivered on it. This was of course a major blunder on the part of PM Abadi 2014-2018 for, if he did deliver, there would be no further discussions and the Kurds would side with the Sadr Movement as they could then feel they could trust and move forward. So…all three of these needed points are not yet implemented or guaranteed. [post 3 of 3]
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Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
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Frank26 (Dinar Guru) – Article: “A “meeting” is expected between “Abadi and Trump” on the 13th of this month” IMO…THERE IS SOMETHING ON TRUMPS DESK .
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Kurdistan Union: Kurdish parties will decide to form the largest bloc during the next two days

Information / special … Patriotic Union of Kurdistan ( PUK ) , confirmed on Monday that the Kurdish parties in the Kurdistan region will be resolved is to join the largest bloc over the next two days, between the Kurdish parties will be the touchstone in the formation of the largest bloc and the government.

“The ruling parties in the region (the Union and the Democratic) held a broad meeting this morning to reach a final agreement to join one of the axes to form the largest bloc,” said the member of the Union, Ghayath al-Surji said in a statement to the “Information”, pointing out that “the ruling parties will resolve their position from The formation of the largest bloc during the next two days after completion of the consultation of other Kurdish parties, including opposition parties to the lack of exclusivity of the decision.

He added that “the axis of construction or reform did not oppose until now the project put forward by the Kurdish delegation to form a government, as well as not to agree to all the demands put forward,” noting that “the Kurdish parties will be egg blocks in the formation of the largest bloc and the government.”

The two parties, the Democratic Party and the Patriotic Union of Kurdistan, on Monday, during their meeting with some on the unity of their work and their position in Baghdad and Kurdistan.

Article Credit: Almaalomah.com
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Adam Montana (Dinar Guru) – [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?…Will the CBI be able to act alone and start the Reform without the IMF’s Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the “approved” changes, RV. Let’s be real, though… if the CBI wants to go ahead with it, then they will, and what is the IMF going to do – tell them “no, you can’t pay X for your Dinar”?? I don’t think so…And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2….stay tuned]
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Adam Montana (Dinar Guru) – …With that said, I completely reject the idea that the IMF “must” do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now – without HCL in place – they could still do it today. It’s my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
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Chattels (Dinar Guru) – Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
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Abadi: We came to Basra with sufficient powers to develop the necessary solutions

(Baghdad: Al-Furat News) Prime Minister Haider al-Abadi held a meeting in the presence of the Governor of Basra and the President of the provincial council and a number of local officials and the accompanying ministerial team.

A statement from his office received the agency {Euphrates News} a copy of it, “During the meeting was a detailed study of the reality of services and in particular the provision of safe drinking water.”

Abadi stressed that “our visit to the province of Basra today aim to stand on the ground on the service conditions and to ensure the stability of the province and the normal life in it, and follow-up implementation of the decisions taken by the Council of Ministers for the province.”

“We have come to Basra today, accompanied by a ministerial team and a consultant with sufficient powers to develop the necessary solutions and meet the needs of citizens. We look forward to the coperation of everyone to serve the people of Basra and complete the necessary service projects.” To the people of Basra and to respond to their legitimate demands. ”

Read More: Dinarupdates.com “Current Iraq News Thread”
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Adam Montana (Dinar Guru) – While the GOI formation is dragging on, Abadi continues to be a positive factor. No matter who is “named” the next President, I think he will continue to be a driving force in the next phases of Iraq’s development and return to their former status. Make no mistake about this – Iraq suffered a huge setback with Saddam. They have had a long road to make it this far, and the next steps for them should be pretty apparent to anyone that isn’t a complete pessimist.
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Chattels (Dinar Guru) – Article: “Sadr calls for new parliament to convene quickly on Basra” Quote: “We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice.” Maliki was quoted yesterday as saying that a “fix” for Basra was readily available. No doubt in an effort to undermine Abadi…
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Kaperoni (Dinar Guru) – So the latest news from Iraq is that Parliament suspended it’s session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
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New Iraqi lawmakers begin process to activate next parliament (This is the play-by-play from Sunday)

11:05 a.m.

Officials, diplomats, media witness convening of new Iraqi parliament

BAGHDAD, Iraq — Iraq’s Fourth Council of Representatives is convening on Monday at 11 a.m.

Candidates who won seats in the parliamentary election on May 12 are being sworn in.

In the first session, which is presided over by the eldest member, the new MPs shall select a speaker and deputies.

The speaker will then choose Iraq’s next president.

Two main blocs have emerged. One is led by incumbent Prime Minister Haider al-Abadi, the other by his predecessor incumbent Vice President Nouri al-Maliki. The former leads Nasr, while the later leads State of Law.

Both have announced they have the largest bloc, although both are likely to still curry the favor of some of the country’s Sunni and Kurdistani parties, which remain uncommitted.

A picture taken on September 3, 2018 shows a general view of the Iraqi parliament during a meeting in the capital Baghdad. – Iraq’s parliament convened today with a populist cleric who triumphed in May elections allying with Prime Minister Haider al-Abadi to try to form a government and sideline pro-Iran rivals. (Photo by SABAH ARAR / AFP)

12:18 p.m.

President Masum urges separation of powers…

Read more: http://www.dinarupdates.com/blog/

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Walkingstick (Dinar Guru) – Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep… Also, their Federal court ruling of 2010, states… they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ….
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Kaperoni (Dinar Guru) – Several reports are being posted now that the largest bloc has been formed for tomorrow’s [Monday’s] parliamentary session stay tuned!
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Chattels (Dinar Guru) – Quote: “Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc” According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
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Baghdad, al Sadr populists and premier Abadi allies form new government

Sixteen movements and political parties reached an agreement for the birth of the most important parliamentary block. The list can count on 177 seats (out of a total of 329). Today inaugural session of the Chamber, called to elect the next Speaker of Parliament. Within 30 days the Head of State.

Baghdad (AsiaNews / Agencies) – Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government.

A close associate of Abadi explained that the block includes 177 deputies elected to the May legislatures. More than half of the 329 seats of which Parliament is formed and which represents a solid basis in the classroom for the future executive.

This morning the inaugural session of the new Parliament is scheduled, during which the president will be elected (a Sunni, by tradition). This will be joined by two other deputies.

The deputies then have 30 days to choose the future president of the Republic, in this case a Kurd according to the recent history of the country. He will have to get two thirds of the parliamentary seats and, once elected, will have 15 days to entrust the task to the largest block – in this case Sadr and Abadi – for the formation of the government.

The Kurdish parties, divided within them, have yet to formalize the names of the candidates for president, the most important in the country although it plays a largely symbolic role. At the same time, the outgoing premier Haider al-Abadi. supported by the West and having reached third place in the last elections with its 42 seats, will almost certainly maintain his position as head of government.

Analysts and experts recall that the Iraqi political system is designed so that no one, leader or political group, can dominate parliament; the goal is to prevent the return of a dictator or strongman, after the fall of Saddam Hussein in 2003.

The start of parliamentary work and the birth of a block that has the numbers to form the new government ends months of doubts and uncertainties related to allegations of fraud that emerged following the vote. The country can therefore put behind itself a long period of political stalemate and face the many unresolved challenges: the war against the jihadists of the Islamic State (IS, ex Isis), the economic crisis, unemployment, corruption, the return of migrants and displaced, even Christians.

BGG ~ Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds.

Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…

…but as I postulated on the recent call – a misstep like this on Barzani’s part could spell trouble for he and his party in the upcoming regional elections.

He’s had a couple of monster political fumbles. This is a biggie.

The Kurds should have signed quickly. Instead they tried to be the “king makers” (like they were last time) and it blew up in their faces.

BTW – the electoral possibility was always there for it to work out like this (as I explained). However improbable, it was not an impossible scenario. The math was there – but WHOA. Big statement by Iraq.

These smaller parties realized, if they didn’t get in quick, they would be the ones left scratching for crumbs. As it turns out, they have put themselves in a much better position for the future.

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Mnt Goat (Dinar Guru) – Article: “DUE TO THE ABSENCE OF A POLITICAL AGREEMENTS THE FIRST PARLIAMENT SESSION COULD BE POSTPONED TO SEPTEMBER 15 DUE TO POLITICAL DIFFERENCES” Just got word that they may postpone the first session until Sept 15th…It appears maybe this ongoing elections saga is NOT yet over…
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Adam Montana (Dinar Guru) – […if the current leader doesn’t stay in…who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the “who’s who” and “where they are” on the totem pole over there… all of my possibilities that I’ve drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi’s current role… that would be a serious setback of at least a couple years, IMO. I don’t see that happening… If it doesn’t, then I think we’re going to be in good hands.
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Breitling (Dinar Guru) – …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
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Abadi says to attend parliament session Monday as premier, election winner

Baghdad (IraqiNews.com) – Iraqi Prime Minister Haider al-Abadi said on Sunday that he will attend the first parliamentary session scheduled on Monday morning as a premier and election winner after his alliance came third in the general elections, held in May.

Dijlah TV channel quoted Abadi as telling reporters that “the Victory alliance will be present at the parliament tomorrow, Monday. And I will be also there as a prime minister and a winner in the elections.”

Abadi said, however, that he will not take oath at the parliament tomorrow because that will prevent him from assuming his executive tasks as a prime minister…

Read More: Dinarupdates.com “Current Iraq News Thread”
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Kaperoni (Dinar Guru) – [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
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Adam Montana (Dinar Guru) – […tell me what do you really think the value will be once this is RV…] I’ve been a long time supporter of a .10 RV.
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Adam Montana (Dinar Guru) – [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I’m optimistic over their constant improvements in their political processes – it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith… sometimes both come in handy.
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Kaperoni (Dinar Guru) – In typical Iraqi fashion…I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct – that nothing will occur until after that consultation it seems like we’re just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.

BGG ~ Oddly enough… this is what I just talked about (in my recent commentaries and our call). The new GOI being formed matters.

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Adam Montana (Dinar Guru) – ...the one thing that is missing, now that the Elections are mostly concluded, is HCL. I know I harp on that a lot, but it’s truly the one thing I see that MUST be done in order to have a successful RV.
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Breitling (Dinar Guru) – …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, “Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?’ And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all… Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
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Follow us on twitter @DinarUpdates !!

Dinar Updates – Conference Call
BGG & Company from Aug. 28th
CST 641-715-3639 pin# 932875
Replay Link – https://d.pr/WczPbF

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Currency365 (Dinar Guru) – MAYBE THEY’LL ANNOUNCE IT MONDAY? [Largest Block ?] …Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
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Breitling (Dinar Guru) – We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2]
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Breitling (Dinar Guru) – …Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains… [Post 2 of 2]
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BGG ~ Where are we with this investment?

It’s something I get asked all the time.

Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country.

I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking.

How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…

Read more: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
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Bloodloch (Dinar Guru) – Keeping Score: The four alliances attending meeting — Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) — total 136 seats in the new parliament. The hosting alliance — Kurdistan Democratic Party (Barzani) — has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs — Decision Alliance (Sunni – 14 seats) or Patriotic Union of Kurdistan (PUK – 18 seats) — or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2….stay tuned]
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Bloodloch (Dinar Guru) – Left out of the mix and likely out of any significant decision-making authority in the formation of the new government — Conquest Alliance (Iranian Proxy al-Ameri – 48 seats) and State of Law (former Prime Minister Maliki – 25 seats) [post 2 of 2]
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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
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MilitiaMan (Dinar Guru) – RE: Exchange Rates: …they are Paring the IQD with Global Currencies. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK. …They are showing their patrons that they are going to have quotes for the IQD. Well once they change the rate from a program rate the game changes and in a big way, imo.. We have been told that the IQD would go Global… Well here is a venue that supports that they are about to do so. ~ imo ~

https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
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Kaperoni (Dinar Guru) – The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years…
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Currency365 (Dinar Guru) – “The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government.” …looks like @HaiderAlAbadi got an endorsement…
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Peshmerga can return to Kirkuk – if Kurds join Sadr-Abadi bloc

ERBIL, Kurdistan Region – Iraqi parties are busy building alliances which could soon form the basis of the country’s next government. To persuade the Kurdish parties to join its bloc, Iraqi PM Haider al-Abadi’s Nasr (Victory) alliance has offered to cut a deal on Kirkuk.

“Kirkuk is a Kurdish, Arab, Iraqi city,” Ahmed al-Hamdani, a high ranking Nasr official, told Rudaw. “We agree for the Peshmerga to return Kirkuk, as they bravely fought side by side with our forces to repel ISIS from Iraq.”

There was “good coordination between Kurds and Arabs and there is no damage to be incurred if the Peshmerga are our partners,” he added.

Last week, the Sayirun alliance – led by firebrand Shiite cleric Muqtada al-Sadr – teamed up with Abadi’s Nasir, the Hikma Front, and Al-Wataniya to form the core of a parliamentary bloc. If the alliance can win over the Sunni and Kurdish parties, it is well placed to form a governing coalition…

Read more: http://www.dinarupdates.com/blog/
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BGG (Dinar Guru) – Article: “After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc” The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
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Kaperoni (Dinar Guru) – The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. [When please?] I expected [expect it?] yet this year.
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Mnt Goat (Dinar Guru) – Article quote: “The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders.” Why is this so important to us and the RV? …BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR…This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV…The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
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Breitling (Dinar Guru) –…This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage… We’re using the US dollar to get that currency…
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Adam Montana (Dinar Guru) – [Do you think the IMF has to give the nod to an RV?] Of course – the IMF isn’t going to hold them back when they choose to RV. We’ve seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we’d all know it was time to pack our bags and find another subject to keep our interest… that is not the case.
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Mnt Goat (Dinar Guru) – So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
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Sadr’s success in forming the largest bloc means the elimination of Maliki’s status!

Baghdad today – The success of the leader of the Sadrist movement Moqtada al-Sadr and his allies to form the largest bloc and the new government, which needs only 28 parliamentary seats, means the “loss” of the leader of a coalition of law Nuri al-Maliki for his political status in Iraq, the newspaper said. Pointed out that the Kurds have directed a “blow” to Maliki’s efforts in forming this bloc.

The newspaper said the United Arab Emirates in its report written in English and translated (Baghdad today), that “the bloc of Asron of Sadr says it expects to reach an agreement on the formation of a larger coalition in parliament,” noting that “the Iraqi Kurdish and Sunni blocs expressed their desire to form a coalition with the winner Moqtada Sadr, an indication that former Prime Minister Nuri al-Maliki, who seeks power, may lose his place in the political arena of the country. ”

She added that “the bloc of Asrun compete with the coalition of the rule of law, led by al-Maliki to conclude an agreement with the Kurdistan Democratic Party and the Patriotic Union of Kurdistan (KO-Nu) as well as the Sunni blocs to establish the largest coalition in parliament.

“There are signs of an agreement between the Kurds and the Sunnis on the alliance with others,” Thenational quoted Raed Fahmi, a leading politician in the Asroun bloc, as saying…

Read more: http://www.dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war…
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ADMINBILL (Dinar Guru) – TODAY’S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN’T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON’T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
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Don961 (Dinar Guru) – imo…news is slow this week while the country celebrates Eid…many sites stop posting articles completely…others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who’s holding out for better deals, etc. to get the majority bloc...bottom line, results won’t be given until after Eid…they are under pressure to get it done…so we’ll see what shakes out…
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Adam Montana (Dinar Guru) – […You said in your last update we are in the final stretch and they could do it NOW…] I agree with the premise that we are in “green light” territory. Sunday is the soonest I expect to see any major news… we will see!
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The biggest bloc in Iraq is approaching the decision … and the appearance of the new prime minister

BAGHDAD (Reuters) – Things are unfolding over the formation of the largest bloc in Iraq’s parliament on Sunday, with the name of the new prime minister, which is due to be announced soon, according to Iraqi media.

According to the site of the Iraqi newspaper Alsumaria News, revealed a political source, that things were resolved for the largest bloc through coalitions are going to victory and wisdom and national, stressing that the bloc will be announced very soon…

Read more: http://www.dinarupdates.com/blog/
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Adam Montana (Dinar Guru) – …it’s holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it’s not “officially official”, there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like… oh, I don’t know… HCL! …this was a long process, but once Holiday is over I am expecting a bit of change in the lull we’ve been riding through.
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ChrisC (Dinar Guru) – Article: “An economist reveals the bank’s printing of large amounts of currency with small categories to replace them with damage” Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information…
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Don961 (Dinar Guru) – Article: “An economist reveals the bank’s printing of large amounts of currency with small categories to replace them with damage” imo…it’s just as the article states…the merchants points out about the severe shortage of smaller denomination notes in the marketplace…the existing notes are damaged and need to be replaced…so the CBI is doing that…they just need to convince the banks to receive and replace them…as these notes do get replaced, people will start using them more and more…and introducing even smaller note categories and coins, with higher value, will not be such a shock after having to use all those high 3 zeroes for so long…Also, even the printing of more of these smaller categories shows a shift in monetary policy…they needed to print the higher 3 zeroes because that is what the currency value required for use in the marketplace…there has obviously been a shift in thinking and circumstances…so smaller, 3 zero-less notes will soon be all the rage…
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URGENT Member of wisdom: National axis may join the larger bloc next week

Member of Wisdom: National Axis may join the larger bloc next week

(Baghdad: Al-Furat News) Rajah member of the National Wisdom Movement Mohammed al-Husseini joined the National Axis of the largest bloc next week.

“The features of the formation of the largest bloc existed before the meeting of the Babylon Hotel, and other than that is the words of media,” he said, adding that “welcoming any demands within the roof of the Constitution and the law and otherwise are rejected.”

He pointed to “the adherence of some political forces to certain demands and positions,” pointing out that “there is Kurdish flexibility and we believe that the demands will be according to the Constitution.”…

Read more: http://www.dinarupdates.com/blog/
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Kaperoni (Dinar Guru) – I…got a note from another member who wrote the IMF and asked about Iraq’s Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it’s not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
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Chattels (Dinar Guru) – My sense is that there will be an announcement of a largest bloc sooner rather than later in this election cycle because there is a movement to avoid quotas. In order to do so the largest bloc must be clearly established at / by the convening of the Parliament and election of the President / Speaker of Parliament. There is talk of Iraq being out of compliance on the spread between the official rate and the parallel market rate. [NOTE: As of 8-20-2018 the rate has remained within 2% range for 90 days.]
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Kaperoni (Dinar Guru) – Well, unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So – unfortunately it doesn’t look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I’m not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow’s numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced.
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Dahlaki: Next Monday will be announced alliance with “Asron”

The former deputy of the Sunni Alliance of Forces, Raad al-Dahlaki, announced that the Sunni forces would turn to Sadrists, headed by Moqtada al-Sadr, indicating that next Monday the alliance would be announced.
“We are open to the rest of the blocs that believe in the national project away from the Iranian axis and its pressures,” Dahlaki said in a statement.

He added that “there are deputies from the national axis confirmed their withdrawal from and join with us,” noting that there will be a meeting next Monday of the National Bloc and everyone who joined them, and the number will be clear to announce.

Read more: http://www.dinarupdates.com/blog/
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Currency365 (Dinar Guru) – “The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday.” …Iraq will announce the largest bloc in the coming hours!!! LET’S SEE WHO’S IN AND WHO’S OUT…standby.
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Mnt Goat (Dinar Guru) – “…the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced.” So this week should be exciting for us but not RV exciting. The question now still remains – What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
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Kaperoni (Dinar Guru) – “Iraq’s Federal Supreme Court has now ratified the election results” So with the ratified election results political parties are meeting to form the largest bloc. An official announcement may come in the next day or so.
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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: http://www.dinarupdates.com/blog/
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Chattels (Dinar Guru) – Article: “Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121” Quote: “… the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100.” The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
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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
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Don961 (Dinar Guru) – Article: “An economist reveals the bank’s printing of large amounts of currency with small categories to replace them with damage” …from previous articles … this will also help get more of the existing 3 zeroes out from under those mattresses … and replace them with these smaller denominations … because as other articles showed from the CBI … these lower denom notes will be pushed … in the marketplace … and in the banks .. which will also get citizens enured to using smaller notes … and make the transition to the RI lower denoms much more realistic psychologically … another step…imo
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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.”…

Read more: http://www.dinarupdates.com/blog/
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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.

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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.
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Randy Koonce (Dinar Guru) – Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only 35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes… When they RV, it will by design bring in the Large Bills: “Remove the 000’S” from the Street“. If you notice, “remove 000’s” does NOT mean a LOP. It just means they want to get them “off the street”. And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD.
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Hakim’s movement confirms near the resolution of the largest bloc with alliances Sadr and Abbadi

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Kaperoni‏ (Dinar Guru) – The Federal Court in Iraq will validate the election results on Monday
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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…
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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]
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Urgent .. The coming hours will witness the announcement of the largest bloc!!

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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]
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Kaperoni (Dinar Guru) – Iraq is on the verge of falling out of compliance at today’s auction 1212 to 1 US dollar. If they don’t reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don’t expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it’s 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling… To see if the CBI can maintain the spread and if the government can be formed.
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Chattels (Dinar Guru) – Article: “Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri…” Quote: “The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps…” Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
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Adam Montana (Dinar Guru) – Is it Groundhog Day? It certainly seems like it, especially after the following: We’re still waiting on election results. That’s a bummer for everyone waiting on some groundbreaking news, but for most of us… we understand the process, and because we’re nearing the end of this chapter, it’s not too hard to be patient (for just a LITTLE bit longer!). It’s almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that’s the way it is. Here’s an article that is interesting: “Abadi’s chances to assume 2nd term in office decreased” …it’s an Iranian source. Which might mean everything, or nothing. Either way, we’re still waiting for the official end of the elections, and until that’s done… we are in limbo.
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David M. Witty (Dinar Guru) – In Iraqi election news, main election winner Sadr’s Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
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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.”…

Read more: http://www.dinarupdates.com/blog/
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Chattels (Dinar Guru) – Quote: “Revealed the current national wisdom headed by Ammar al – Hakim, on Monday, …the next three days will see the introduction of new names for prime minister.” Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
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Kaperoni (Dinar Guru) – …the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue…you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
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Breitling (Dinar Guru) – …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
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Kaperoni (Dinar Guru) – Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. ‏ Iraq is creating the conditions to support a private sector and private investment.
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Mailman17 (Dinar Guru) – THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
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MilitiaMan (Dinar Guru) – [Does The HCL have to be implemented before the RI/RV.] Imo, It has been for months now, just not literally yet. They have calculated the information necessary for them to have the HCL done and even activated by or on about September 5th per articles of recent… The calculation would be based on oil output that the IMF and even KPMG would have had already worked up. The citizens imo will be paid their share apparently on or around the 5th of September, but, that amount would be posted electronically to then [them ?] in new currency that can be loaded on cards. There is a recent article(s) that state just how serious it would be to tell them that the money is coming and for them to not follow through, would create even harsher protests… They know they are getting paid, and, imo, the international calculation / rate will be / maybe exposed long before that date. They just showed the specimens to the world and what that means to them and us.. It is for other countries to know what to look for… As in when we walk through the doors with those notes, they can verify what they are looking at…Amazing what is staring at us in the face.. IMO!!
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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.”…

Read more: http://www.dinarupdates.com/blog/
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Mnt Goat (Dinar Guru) – So what is the impact going to be of these sanctions being put on Iran? …we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether.
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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.
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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.
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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…

Read more: http://www.dinarupdates.com/blog/
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Sandyf (Dinar Guru) – Only dinarland would make an issue out of the word “SPECIMEN”, wouldn’t cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: “Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements...” “…Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word “SPECIMEN” in bold lettering diagonally across the image.”
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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]
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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.”…

Read more: http://www.dinarupdates.com/blog/
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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]
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Adam Montana (Dinar Guru) – [The process of forming the next government is particularly important, as it will undertake the reconstruction of what was destroyed by a three-year war (2014-2017) between government forces.] I agree with this one completely – the formation of this government IS “particularly important”, for Iraq to continue moving forward. I believe they are going to get it right this time, and the future looks bright for them.
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Mnt Goat (Dinar Guru) – Folks there is no SOLID proof to make anyone to think that this RV could happen now or even be delayed until September. In fact, there is actually more evidence that looks like this may be delayed until early September which by the way is only 3 weeks away. I do not believe this will go into 2019, as many are asking me. But can I prove it? I can only go with what the CBI has told us in the recent past.
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David M. Witty (Dinar Guru) – Iraqi High Election Commission announces results of hand recount of 12 May Parliamentary elections. Changes from initial results appear minor. In Iraqi election news, after hand recount of 12 May Parliamentary elections, Sadr’s Sairoon maintains 54 seats, PMF’s Fatah now at 48 seats, & PM Abadi’s Nasr with 42 seats.
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Kaperoni‏ (Dinar Guru) – …the IMF states that countries are supposed to constantly be striving for Article VIII acceptance…in other words they’re not supposed to be complacent with being an Article XIV. IMF is not going to accept a country such as Iraq or any other country into Article VIII if they haven’t met the conditions for compliance especially if it’s been documented in the Article IV Consultation. …There are no exceptions to meeting compliance… Article XIV is known as “transitional arrangement” and members must strive for Article VIII …And finally it is not advantageous for Iraq to sit in Article XIV especially since it’s been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community… [post 1 of 2]
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Kaperoni Any country that is in Article XIV can notify the IMF of their desire to avail to Article VIII but if they continue to have restrictions that are not compliant with Article VIII they will not be accepted. [It makes sense that the IMF should expect them to move forward since the IMF and other countries have so much time, money and energy invested in them or any country in development.] Yes, that is why I believe the IMF will hold an Article IV Consultation with Iraq and during that consultation will encourage them to move forward now. [post 2 of 2]
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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.
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Mnt Goat (Dinar Guru) – Article: “IRAQ, THANKS TO ITS NATURAL RESOURCES, IS ONE OF THE WORLD’S RICHEST COUNTRIES IN THE WORLD” …with a currency that is now artificially stiffened at 1/8 of a penny.
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Chattels (Dinar Guru) – “Dollar exchange rates in Iraq on Monday 30/07/2018 Economy News _ Baghdad…The exchange rate of the dollar, Monday, stabilized against the dinar in the local currency market. …the price of selling the dollar in Baghdad today 119 thousand and 500 and the purchase price 120 thousand and 500 dinars to 100 dollars.” Is it accurate to observe that the disparity between the several bourses in Iraq is much diminished? Perhaps uniformity in the rates within Iraq is important to our event ?
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Mnt Goat (Dinar Guru) – Article: “CBI CALLING FOR LIFTING ALL BARRIERS ON THE DINAR CURRENCY PREVIOUSLY IMPOSED ON IRAQ” Do you know just how amazing this article is? WOW! This is telling us the CBI is formally requesting that the IMF lift all barriers with the dinar. Are they about to reinstate it? What other barriers are still imposed other than getting them back on trading with the international currency exchanges. When they do we go to the bank.
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Chattels (Dinar Guru) – Abadi,…” there is an economic renaissance ahead of us after…” Kap seems to think that such an economic renaissance is “close”.
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The absence of small monetary categories is detrimental to the stability of the local economy

the morning 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.”…

Read more: http://www.dinarupdates.com/blog/
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Bloodloch (Dinar Guru) – We’re in a bit of limbo right now while waiting for Iraq to complete their election recount (reports are they are getting close), their federal court to certify those results (which should happen in fairly short order after the recounts), and the new government to be seated (which should theoretically happen almost instantly once the court certification is released). Some say that seating the new government is not necessary for a currency revaluation, but the CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project. Stability, some claim, is intrinsically connected to removing the corruption associated with the currency auctions, and so that brings us back around again to the need to seat the new government and remove a large portion of corrupt politicians who, in losing their re-election, will lose their immunity from prosecution the moment they are declared no longer a part of the government. Unsubstantiated reports are that some of those “losing” politicians have already started fleeing the country. I remain cautiously skeptical, but we shall see. All we can do for now is to wait…
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BGG (Dinar Guru) – Article: “An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund” Quote: “An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government.” Looks like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on things until they get the new government formed. Hmmmm?!?
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BGG (Dinar Guru) – […if you think about it’s a very small % of the world population owns dinar…not even 1%…] …ownership is a LOT LESS than 1%. I would be in shock if the number were anywhere close to 1/10th of ONE PERCENT.
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An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund

Economy News Baghdad: An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government.

The source, who preferred not to be named for “economy News”, said that “the program of credit readiness, which earned Iraq a loan of 5.4 billion dollars from the International Monetary Fund stopped until the formation of the next government,” adding that “Iraq will begin after the resumption of the program The third review of the Iraqi economy by the International Monetary Fund. ”

He pointed out that “the International Monetary Fund criticized some of the actions carried out by the government during the past years and the latest delay in the House of Representatives in the adoption of the draft budget law for the year 2018 because of political differences.”

Article Credit: Economy-news.net (Special Thanks to Tim Tarkington)

BGG ~ Look like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on thing until they get the new government formed. Hmmmm?!?

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Breitling (Dinar Guru) – …the dinar is going to revalue…Iraq is active. Regardless of what’s going on out there with Iran, United States and Russia and all that stuff they are moving forward.
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Whitelions (Dinar Guru) – …if you think about it’s a very small % of the world population owns dinar…not even 1%…we just think there is a lot because we live in dinar land and we think it’s bigger than it is, and that is by the cbi estimates.

BGG ~ I hate to break it to everyone – ownership is a LOT LESS than 1%. I would be in shock if the number were anywhere close to 1/10th of ONE PERCENT.

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Whitelions (Dinar Guru) – I believe and mind you it’s my belief…that it has to be a little over Kuwait and very close to Saudi Arabia …so we figure 3.60 to 3.80 because they have to be able to run the country and compete with the market in the world as well…even if they just reinstate it, it will be over 3.00… and NO FLOAT…

BGG ~ Can these Guru’s not read?!? Kuwait is at $3.30 and the Saudi Riyal is at .27 (that’s 27 CENTS!!)… please show me a mathematical equation that reconciles this previous statement.

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Kaperoni (Dinar Guru) – …great articles this week including the one from Alaq confirming CBI compliance…My favorite article of the week …is titled.. “Movement of capital” confirming the desire to bring large sums of money into Iraq from outside investors.
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tman23 (Dinar Guru) – I do recall the words of the famous dinar world DR. SHABIBI…The man said lifting the 3 zeros can not take place in the middle of the year or the middle of a quarter, IT MUST TAKE PLACE AT THE START OF THE NEW YEAR…Not my opinion, not my words, but the words of Shabibi… I think you will see the new notes come OCTOBER…. and 2019 they will lift the 3 zeros… Iraq is in no hurry for anything …. IN CASE YOU HAVE NOT NOTICED!!…they will come out with new lower denoms which have to have a value greater then 1/10th of a penny otherwise they are useless and worthless… The new currency might float ALONG WITH THE OLD CURRENCY… BUT NEVER EVER NEVER WILL THE OLD CURRENCY FLOAT WITH 3 ZEROS INCLUDED IN THE NOMINAL VALUE…

BGG ~ more useless, contradictory, ramble. To set the record straight – TMAN23 aka – Ted Mann – NEVER faced daily banning while at DU. That’s just foolishness. DU has had a lot of mods at different times – someone, somewhere might have bounced him once – BY MISTAKE. I corrected the error and from beginning to end allowed him to speak his mind REGULARLY… no matter how convoluted it may have been. My rationale? Mostly – at the time, he was harmless.

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Adam Montana (Dinar Guru) – [Did Iraq have a reverse LOP/Neutral event, Way back when they printed new currency for Iraq, added zeros to the currency, and moved the decimal point over a few digits on the value. Their money is not worthless. When they exchanged their money in, say 1 dinar, they got back a lot more dinar notes with more zeros but with less value. Sounds like the opposite of a LOP to me. Please don’t throw me in the LOBSTER TANK.] I wouldn’t call that a lop – it was a devaluation. Their currency, and their “stock” in the world, simply lost value. A revalue upwards will simply recapture that value. Not all of it. But a significant amount. And that’s why we are here.
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Whining and complaining isn’t going to change things one iota. Try focusing on the positive. I can tell you when I started following this way back, we would go months sometimes before we saw anything positive. Lately we’ve seen more positive movement forward than ever before. There are days when all the researchers here at Dinar Updates can barely keep up. I’m sorry for those of you who may of bought into this thinking it was a guaranteed ticket to overnight riches. That’s not how investments work. What we try to do here, and I think I can speak for most, is to portray the big picture. It’s not always what some want to hear but… reality is what it is.

Charles B.

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Frank26 (Dinar Guru) – Iraq still has a seated government and Abadi still the PM. IMO the smooth transition from the same government to the new government will have the same affect…the same results. A newly seated government, less Malaki, Iran and Iran’s General’s corruption with be a “suitable environment” to RI their currency…as Abadi and the CBI requested. And so did Dr. Shabibi. The Iranian influence is disappearing. With the government. With the citizens. The Iranian Generals are losing their ability to protect Malaki. Malaki as no longer a VP is no longer protected with immunity. Arrest warrants await him. Malaki will fight along with his fake media to the very end. If given a Parliamentary seat it’s only to keep the peace. IMO, Malaki’s power is gone. No longer influential or able to use fear tactics to support his sugar daddy Iran. In the next two weeks, somewhere IMO, around the 18-19 to around the 25th we should have a seated government.
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Chattels (Dinar Guru) – I find myself favoring a new terminology for the liquidity event we hope for as value and return from our investment in the IQD. My new word for it is ” Reset “. I no longer believe in an ” RI or RV “. I am still concerned about a ” Lop” and arguably all currencies ” Float “. Perhaps a ” Reset ” is some workable form of all of the foregoing? My active thought is that we cannot rule out anything and must allow for that which we may not like. In any event we must all find a theory which sustains us and the hope of a good outcome. If we do not finish the race we cannot know whether there will be a prize for participation at a minimum, eh?
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Kaperoni (Dinar Guru) – Maliki he’s had his hand in a lot of troublesome activities over the years including stopping monetary policy reforms in 2012 so it wouldn’t surprise me if he was involved in what’s happening now. To be honest I wouldn’t put it past Maliki being involved in the escalations and protest it prevents the formation of a government which he was going to be omitted from and more importantly stops currency reform in its tracks. …unfortunately it looks like we’re going to be several months away at best due to the political disdain amongst each other.
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US, Russia, Britain will protect oil companies in Iraq

Observers said that the United States, Russia and Britain will launch a military operation to protect the oil companies operating in Iraq amid ongoing protests witnessed in a number of provinces.

They pointed out that the three countries would intervene militarily if their oil companies or their employees were targeted by Iran Militia in Iraq and Syria (IMIS) terrorists.

The observers stressed that the Iranian plan regarding the isolation of Basra and targeting oil companies there has become well known.

On July 8, protests erupted in Basra against shortage of jobs, electricity, water and basic services.

Observers said that Iran seeks to target British, American and Russian companies in southern Iraq, noting that the three countries will intervene to protect their companies that are being currently targeted by the Iranian Revolutionary Guard Corps (IRGC).

They added that protesting in front of oil companies and blocking access to them proves that Iran is determined to spread chaos in Basra, Maysan, Dhi Qar, Najaf and other Iraqi provinces.

The observers said that Iran felt that Ahwaz would hold mass demonstrations this summer, so it turned the attention into Basra.

They added that IRGC’s existence on the Kuwaiti border aims to threaten the security of the Gulf and its oil fields, stressing that mullah’s regime is trying to implement a plan that aim to withdraw about 15 million barrels of oil from the markets and stop oil exports.

Observers who spoke to The Baghdad Post said that Iran stands behind the protests witnessed in southern Iraq.

They said that Iran is not only responsible for cutting electricity and water in the south, but it also inciting Basra’s residents against oil companies operating there because they are not recruiting them.

The observers pointed out that Iranian President Hassan Rouhani threats that process of preventing oil companies in the Gulf from working and exporting their oil would start from southern Iraq prove that Iran is standing behind the crisis.

They called on the government of Haider al-Abadi to respond quickly to the demands of the people of Basra in order to not give Iran the chance to use the situation to destroy Iraq.

Analysts stressed that Iran is playing a “dirty game” as the mullah’s regime has promised to spread chaos in the region to disrupt oil sales in the Gulf.

Observers called on Haider al-Abadi’s government to protect Iraq from the international intervention to protect foreign oil companies, as well as thwarting Iran’s plan that seeks to spread chaos in the region.

Article Credit: Thebaghdadpost.com (Special Thanks to Charles Bright)
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Kaperoni (Dinar Guru) – I wouldn’t look for a resolution in this election matter anytime soon. Maliki is now threatening a civil war if he’s not the new prime minister and all of the political blocks are against him having participation in any way. Reading the news today it clearly implies it’s going to get worse before it gets better. The protest, riots, and large amounts of corruption including this recent statement that the State of Law the most corrupt political bloc in Iraq this isn’t going to get resolved soon. And unfortunately all of this chaos which includes Iran’s economic failure, the protest are going to have a substantial effect on monetary policy including the spread. It is now highly likely that over the next several weeks Iraq will fall out of compliance if this escalates. The internet in Iraq has been shut down in an attempt to minimize any kind of escalation in these protests. This also means that some of the media is now offline.
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Mnt Goat (Dinar Guru) – …Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
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Adam Montana (Dinar Guru) – PM Abadi is a major component to the government, and YES – Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone’s guess right now, but for the time being he IS the acting Prime Minister, and here’s what he’s doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders.
5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor)
5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company
3 hours ago: Abadi meeting with Director-General of Basra Oil Company
1 hour ago: Abadi meets with tribal/community leaders in Basra.

…There’s a reason why I highlighted where Abadi was 3 hours ago…Who knows where Basra is and why it’s important? I’m getting reports that HCL is closer than the recent “news” is letting on. [Twitter times are off due to posting times]
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Ending manual counting in Erbil

Khandan – The hand counting and counting of the ballot boxes that have appeals and complaints in Erbil has been completed. The hand counting and counting of 100 boxes has been completed and 56 boxes have been transferred to Baghdad.

The correspondent of “Khandan”, that the appeals were submitted in advance on 219 ballot boxes in Arbil, and yesterday the counting and manual counting of 97 boxes, and today was completed counting and manual counting of 33 boxes.

The process of counting and sorting the manual partial began in Arbil on Thursday, while the operation boycotted four Kurdish parties, the Alliance of Democracy and Justice and the Movement for Change and the Islamic Union of Kurdistan, and the Islamic Group.

These parties have already boycotted the process of manual counting and sorting in Sulaymaniyah, demanding the total manual counting and sorting.

Article Credit: xendan.org

BGG ~ All credible reports on the recount result until now, have indicated very little or no deviation – and no fraud or vote tampering. Which leaves us wondering what all the squabble was about? Who was making all the noise? Why? Why the attempts to burn ballots and impede the count? All very interesting questions…

Read more: http://www.dinarupdates.com/blog/
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Breitling (Dinar Guru) – The price of oil when from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
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Mnt Goat (Dinar Guru) – The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this?Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. …So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
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Mnt Goat (Dinar Guru) – …Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros”. They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes. So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. …Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election.
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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.

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,

Stephen O
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Adam Montana (Dinar Guru) – [What do you think is holding up the HCL?] HCL at this time – it’s completely political. Everything I discussed…is directly related to the delay on the HCL, and that’s coming to an end quickly. I’m excited to see this chapter conclude and see some HCL news in the coming weeks. Can’t be far off now!
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BGG (Dinar Guru) – Article “The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners” Quote: “Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday.” This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.
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Adam Montana (Dinar Guru) – Here’s where my thought process is going, and I am getting more confident in this on a daily basis. Iraq is stillllgoing over election results from what seems to be ages ago… this is no different than most other election years, except this time there seems to be a LOT less drama, accusations, etc. Sure, there is still a bit of finger pointing… but this is NOTHING like what we’ve seen in the past. One example that stands out very brightly is the first Maliki vs Abadi race. There was basically kicking and screaming about those results! But at the end of the day, it all cleared up and we were left with Abadi for a few years. IMO that was a great thing! Now…it is being announced that we’re maybe a couple weeks from a true resolution and seating of both sides, and despite what would have historically been a time of extreme uncertainty, that’s not what I’m seeing and hearing.
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Nouri al – Maliki .. His presence is a disgrace to Iraq and his role is suspicious and criminal

Maliki is using the scene threatened by civil war if not a key part in the formation of the next government

Iraq news – Maliki is exploiting the burning scene in southern Iraq to implement his threat to ignite the civil war if not major part of the formation of the next government.

We will give you the details in turn…

Article Credit: Thebaghdadpost.com
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Ghost (Dinar Guru) – When Obama pulled us out is when ISIL took over. I don’t think we’ve come full circle yet…When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news. When you see the news coming out of Iraq sometimes it’s totally tainted. There is only one reliable newspaper over there, “The Baghdad Post.” He doesn’t own that one. The rest of them are completely fake news. Completely! All kinds of stuff about Sadr; All the election stuff – it’s all under control. … I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had. I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments.
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Ghost (Dinar Guru) – …Malaki…basically raped the country of everything. He marked up the dollar so merchants couldn’t get any money. He made sure the program rate was very, very low. He was adamant about stealing from the people… I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. …Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 – $7 per dinar…$4.25 to $7.70. I have sources that have told me that. They are unconfirmed at this point. Feel so strongly IMO!
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Frank26 (Dinar Guru) – HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS. ABADI HAS A SPEECH ON IRAQ AND TERRORISM. IMO…BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.
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Spokesperson: Coalition between Maliki, Sadr ‘unlikely’

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

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

Read more: http://www.dinarupdates.com/blog/

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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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DINAR OBSERVER DAILY – Sept. 19th

Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency

Digital Media: Cancellation of European sanctions on the Central Bank will activate the PayPal service officially

BGG ~ If you would like to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.

Our Current Sale price is $995 per million.

www.TheDinarExchange.com

Rival Iraqi factions make coalition deal and end Al-Abadi’s prime minister hopes

Wisdom reveals the near declaration of the two Kurdish parties joining the alliance of the nucleus

Dagher: $ 58.7 billion in Iraq’s hard currency reserves and 89 tons of gold

The Central (Bank) poses large amounts of small currency

Confirmed its continuation by replacing the damaged amounts

BGG ~ First bit of really good news in a while!!

BGG ~ If you need a quote to buy Dinar – Please leave me a message on voicemail, send a text (615-509-6256), an e-mail or FaceBook message me. These all work.

Our Current Sale price is $995 per million.

www.TheDinarExchange.com

Kurdistan Union: Kurdish parties will decide to form the largest bloc during the next two days

Abadi: We came to Basra with sufficient powers to develop the necessary solutions

New Iraqi lawmakers begin process to activate next parliament (This is the play-by-play from Sunday)

Baghdad, al Sadr populists and premier Abadi allies form new government

Sixteen movements and political parties reached an agreement for the birth of the most important parliamentary block. The list can count on 177 seats (out of a total of 329). Today inaugural session of the Chamber, called to elect the next Speaker of Parliament. Within 30 days the Head of State.

BGG ~ Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds.

Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…

…but as I postulated on the recent call – a misstep like this on Barzani’s part could spell trouble for he and his party in the upcoming regional elections.

He’s had a couple of monster political fumbles. This is a biggie.

The Kurds should have signed quickly. Instead they tried to be the “king makers” (like they were last time) and it blew up in their faces.

BTW – the electoral possibility was always there for it to work out like this (as I explained). However improbable, it was not an impossible scenario. The math was there – but WHOA. Big statement by Iraq.

These smaller parties realized, if they didn’t get in quick, they would be the ones left scratching for crumbs. As it turns out, they have put themselves in a much better position for the future.

Abadi says to attend parliament session Monday as premier, election winner

BGG ~ Oddly enough… this is what I just talked about (in my recent commentaries and our call). The new GOI being formed matters.

Follow us on twitter @DinarUpdates !!

Dinar Updates – Conference Call BGG & Company from Aug. 28th CST 641-715-3639 pin# 932875 Replay Link – https://d.pr/WczPbF

BGG ~ Where are we with this investment?

It’s something I get asked all the time.

I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking.

How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…

Why sell Dinar?

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.)

Peshmerga can return to Kirkuk – if Kurds join Sadr-Abadi bloc

Sadr’s success in forming the largest bloc means the elimination of Maliki’s status!

The biggest bloc in Iraq is approaching the decision … and the appearance of the new prime minister

URGENT Member of wisdom: National axis may join the larger bloc next week

Member of Wisdom: National Axis may join the larger bloc next week

Dahlaki: Next Monday will be announced alliance with “Asron”

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

Federal Court endorses the results of parliamentary elections

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

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!!

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

Abadi’s coalition claims deal to form new Iraqi government

Iraq Elections Results almost Unchanged after Manual Recount

Economist: The Central Bank put solutions to stop the rise in the dollar exchange rate

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

An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund

BGG ~ Look like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on thing until they get the new government formed. Hmmmm?!?

BGG ~ I hate to break it to everyone – ownership is a LOT LESS than 1%. I would be in shock if the number were anywhere close to 1/10th of ONE PERCENT.

BGG ~ Can these Guru’s not read?!? Kuwait is at $3.30 and the Saudi Riyal is at .27 (that’s 27 CENTS!!)… please show me a mathematical equation that reconciles this previous statement.

Charles B.

US, Russia, Britain will protect oil companies in Iraq

Ending manual counting in Erbil

Why sell Dinar?

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.)

Nouri al – Maliki .. His presence is a disgrace to Iraq and his role is suspicious and criminal

Maliki is using the scene threatened by civil war if not a key part in the formation of the next government

Spokesperson: Coalition between Maliki, Sadr ‘unlikely’

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

Recent Posts

Dinar Updates – Conference Call
BGG & Company from Aug. 28th
CST 641-715-3639 pin# 932875
Replay Link – https://d.pr/WczPbF