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Thursday, June 14, 2018

Iraqi-Iranian talks to promote trade exchange | IQD Dinar Currency Excha...

IQD CHAT UPDATED, 14 JUNE

Chattels    The high exchange rate of the dollar .. 120,500 dinars  13/06/2018
BAGHDAD - The exchange rate of the dollar against the Iraqi dinar witnessed a rise in the foreign exchange markets. The price of selling $ 100 on the battleground in Baghdad reached 120,500 dinars, after yesterday's price was 120.2500.

The purchase was 119,500 dinars, While the sale price of $ 100 on the Arbil Stock Exchange 121,000 dinars and when the purchase was 120,000 dinars, and in Basra the exchange rate 120,500 at the time of sale and 119.500 at the time of purchase.

http://www.dananernews.com/news?ID=10784
 ...
Tebow    Money Supply M0 in Iraq averaged 43874.35 IQD Billion from 2003 until 2018,

Ron Bandy    Reset Ready As President Recovers Stolen US & Chinese Gold ... William Mount

Xbruster69    “Iraq is dealing with all countries on the basis of equality of relations within the network of interests governed by international law,” calling “the Australian side to support Iraq in his bid to join the World Trade Organization,” adding that the accession process is important in facilitating the movement of trade and goods within World Trade Agreement.

From its part , expressed the the Ambassador of the Australian Lunds, expressed “willingness of its government to provide all kinds of support for Iraq , which is economically, geographically and politically weight important at the level of the region and the world,” noting that it “will provide possible support for Iraq ‘s accession to the WTO ( search4dinar )

Spectra    Government of Iraq   @IraqiGovt   PM @HaiderAlAbadi: In this post election period, the @IraqiGovt remains focused on the delivery of public services, creating an attractive environment for investors and building a fair economy for all..

​ https://twitter.com/IraqiGovt/status/1007200980004323328

Spectra   video Link    with english translation

holly    Economy News _ Baghdad   The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.

The bank said in a statement received by Al-Iktissad News that "cash withdrawals are carried out by agents or authorized dealers who are contracted by the electronic payment companies to provide various services including cash withdrawals provided that the bank is provided with an updated register including their names, Which ensures their compliance with anti-money laundering and terrorism financing laws and the electronic payment service system. "

He added that "the ceiling of customers' lien by 2 million dinars per day and the proportion of commission updated not exceeding (0.006) during the day and the commission should not be less than two thousand dinars and must be visible in the tape to the customer."

"All cards (Key Card, Master Card, Visa Card) work according to this procedure," the statement said.

Spectra    Zagros Today  @ZagrosToday   The Yazidi population has been similarly decimated. Without immediate additional support, these groups may be forced to continue their unprecedented exodus, perhaps never to return to their ancient homes.(((Help Is on the Way for Middle Eastern Christians

Under President Trump’s orders, USAID is directing aid to persecuted communities in Iraq.)) https://www.wsj.com/articles/help-is-on-the-way-for-middle-eastern-christians-1528931329

chattels    What is needed is a new government led by an economy
13/06/2018 http://dinaralert.webs.com/apps/forums/topics/show/13481942-what-is-needed-is-a-new-government-led-by-an-economy

chattels    " ............. failures, combined with political and security instability and the war on terror, have led to economic instability and lack of vision to build a solid national economy capable of drawing the preconditions for a transition to a social market economy that I believe is the solution to our economic reality."

chattels    " One of the highlights of this march is the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law. The most important achievement of the Central Bank is its contribution to achieving economic steadfastness and strengthening the decisive victory over terrorism."

chattels    " One of the most prominent achievements was to stabilize the exchange rate and recovery of the Iraqi dinar and increase its purchasing power."

chattels    http://economy-news.net/content.php?id=12637

chattels    Courtesy DinarAlert

chattels    " The Central Bank has proved its clear ability to interact and analyze obstacles to work and create conditions to overcome the challenges, and that the road is still long before the Central Bank and the competent government agencies in order to achieve a sound national economy ..........."

chattels    http://economy-news.net/content.php?id=12637

chattels    Excellent article, IMO.

Spectra    ((Sadr welcomes Return of Iraqi Jews)) 14th June, 2018 --In a bold move, Iraq’s Shiite cleric Muqtada al-Sadr spoke in favor of the return of the Jews who were evicted from the country half a century ago. Sadr responded to a question posed by one of his followers June 2 on whether Iraqi Jews have a right to return after having been forcibly displaced due to previous Iraqi policies, noting that they used to own properties and were part of the Iraqi community. He said, “If their loyalty was to Iraq, they are welcome.” His answer was taken as tantamount to a religious edict, or fatwa.
chattels    Dollar and gold exchange rates in Iraq on Thursday  14/06/2018

The exchange rate of the dollar, Thursday, a slight rise against the dinar in the local currency market.

According to the figures, "the trend of selling the dollar in Baghdad today is 119 thousand and 500 dinars and the purchase price 120 thousand dinars compared to 100 dollars."

http://aletejahtv.com/archives/234362

Courtesy DinarAlert

chattels    The two preceeding days - " the second day ... The dollar stabilizes at 120 thousand dinar on the Iraqi Stock Exchange "
13/06/2018 https://www.ninanews.com/News_Details.aspx?oVjHQBGEC%252baZLSSAvoTGYg%253d%253d

Spectra  KTFA POST  )))14th June, 2018 SAMSON---The Central Bank allows cash withdrawals from points of sale and determines the commission rate)).. The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment. http://economy-news.net/content.php?id=12647

14 Jun 18, 09:08 AM Whitelions    National Bank of Iraq joins IBBC

http://www.iraq-businessnews.com/wp-content/uploads/2018/06/National-Bank-of-Iraq-logo.png

The National Bank of Iraq (NBI) has become the latest member of the Iraq British Business Council (IBBC) .

In a statement, the IBBC said it is facilitated to welcome one of Iraq's preeminent private sector banking organizations to join its growing financial and professional services sector table.

NBI was founded in 1995 as a publicly traded, private sector company offering comprehensive banking services to individuals and businesses. NBI's paid up capital was increased to IQD 250 Billion (USD 215 million) in December 2013.

NBI has been consistently growing in size and capabilities to serve Iraqi citizens with the highest quality financial services.

NBI's strategy revolves around offering a unique value proposition to multinationals and large corporates looking for professional commercial banking services in Iraq, as well as a solid platform for individuals to interact with. As a Jordan based Group, they are able to offer global access to funds and a comprehensive set of banking services to facilitate banking needs on the ground.

NBI is constantly expanding and modernizing its branch and ATM network in Iraq and are currently the only bank that has a branch in North Rumaila (Basra) and are in the process of opening new branches in Kathimiyya and Jameela in Baghdad and a new technologically advanced branch in Basra. NBI is also heavily investing in advancing its electronic channels and overall technological capabilities in order further modernize the banking process and offer a seamless banking experience to their clients.

NBI offers full-fledged investment banking, wealth management and brokerage services through its sister companies in Jordan, UAE and Iraq. The UAE subsidiary acts as the main gateway for multinationals and GCC based clients looking to raise growth capital or connect with local partners and enter into joint ventures for

Whitelions    for business expansion or new projects across Iraq. NBI's investment offering also includes a wide range of advisory services in M ​​& A, investment structuring and debt raising or restructuring.

NBI is regulated by the Central Bank of Iraq and publicly traded on the Iraq Stock Exchange It implements stringsent international anti-money laundering and compliance regulations, and is also one of the few banks in Iraq to implement International Financial Reporting Standards (IFRS), with PWC as its external auditor.

Zig    ZIGGY'S COUNTDOWN TO IMF COMPLIANCE: (IDEA STOLEN FROM "KAPERONI")...... ONLY 17 HOURS!...17 HOURS!...17 HOURS!...17 HOURS!....WILL THEN BE 90 DAYS WITHIN 2% RANGE....CAN THEN "APPLY" TO IMF FOR ARTICLE 8....THEN WOULD BE INTERNATIONALLY ACCEPTED....THEN THE FLOAT "COULD" START!..... 'happy-dance


Tebow    nothing is going to happen

 Zig    Of course not....it is a process...."Could Apply" for Article 8....may mean nothing....You are correct....just having some fun with it....my last post about it....LOL
Tebow    thank God

Clay   Breitling () – Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…

Breitling (Dinar Guru) – It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions…

So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited.

This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to… [

Zig    Used to love listening to Breitling....but now think that he is just another Guru.....

Clay    6-13-2018  Adam Montana: Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go!

I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm busy here at the office in preparation for what is coming.

6-13-2018 Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.

6-13-2018 RayRen98: Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.

Weatherford TX.    So rumors have it we're all gonna be rich by July

Doug_W    umm like we have never heard that before Eh?
Doug_W    Weatherford TX.     you NEED to hang around more this is the most "chatty"

Weatherford TX.    Its hard to believe how long this has been going on and all the pumpers that have come along   Zig thanks for the invite ! Be back later this evening to visit.

Baxter    afternoon dinarville...    things are supposed to hit the fan on Monday...
Baxter    I listened to greg hunter yesterday.... man.... you talk about crooked politicians... they are all here in the u s

Doug_W    Who has ever heard the term "DWR"

tman23    Sterling according to seized records from the FBI had 700 million USD in Dinar sales ( how much of this was reserves is unknown ) so lets add 3 zeros and call it 700 billion Dinar......Consider they were one of the largest dealers and how much of that was supplied to other dealers ???

That being said we can start at 700 billion dinar......now how much did Trade Dinar and Ali sell ? ….. appears to be a few hairs away from 40 trillion Dinar out circulating amongst us … But who knows what the real amount is..
​Baxter    well... if they sold 700 billion dinar.... there is one heck of a lot more dinar in the U S... than we thought

Baxter    No wonder they were flying around in a Citation Ultra.......
Baxter    which was also seized by the FBI

meatbal    lthey made a few bucks no doubt

Baxter    man... I guess
Meatball    so what is the actual charge?

Baxter     I think they got in trouble mostly by selling the reserves...and not having the dinar in hand to cover it...    thats my guess

Baxterthis has been going on for over 5 years...and not even in court yet.... can you imagine the attorney fees?
Meatball    so this is all business practice related?

BaxterI think so...
IQD CHAT

BR Jun 12 2018

TNT UPDATE, 14 JUNE

Thursday UPDATE for June 14, 2018

The CBI is informing its citizens that cash can be withdrawn at cash sales places but limited to 2 million. This is for Dinar ONLY!

PM Abadi on TV stating that its business as usual through June 30, 2018, the  new administration takes over telling the losers not to request an extension of time via the courts due to violations of their constitution.

The Iraqi stock exchange will not be trading during the EID al-Fitr holiday of June 15 - June 19. The first trading session will be on June 20, 2018.
....
​**************

Timth2lman:  My question is when the EXCHANGE starts again on Wed......will there be a new rate???

Speedy: They extended EID, and the Iraqi Stock Markets are closed till next Wednesday !!! Sounds good to me !!!

JohnDoe:  Is this a new window then? The 20TH??

Cyndisaintsfan:  John Doe that's my understanding…. important that the ATM's are in dinar only !!!

Sundancer:  It is the end of Ramadan at sunset in Iraq what time is that here? I have friends in US that end it at sunset tonight US time.

Annie68:  sundancer, they are 7 hours ahead of us, so later afternoon here, maybe? 

Clintonya:  Maybe this does make sense . No ri or rv yet . So 2 million at today's rate is about 1600.00 . But if you knew the rate was going to change you could take everything out of the banks send it out of country wait for rv exchange at 3.00 or 4.00 maybe that's what the limit is for . Just a guess .lol

Harambe:  Bloomberg: China and India Want to Buy More U.S. Oil to Counter OPEC https://www.bloomberg.com/news/articles/2018-06-14/prized-oil-buyers-m​ull-uniting-on-u-s-crude-to-fight-opec-clout

***************

Harambe:  NewsDay Zimbabwe: Diamond deposits discovered in Mash East (6/13/18)

RICH diamond deposits have been discovered in Marondera West, with government saying it would only start mining operations after crafting a new diamond law in August.

BY JAIROS SAUNYAMA

President Emmerson Mnangagwa confirmed the development at a Zanu PF campaign rally at Chizanga Primary School in Mutoko, at the weekend. He said he had since ordered Provincial Affairs minister David Musabayana to guard against invasion of the area by illegal miners.

“He (Musabayana) explained on the issue of diamonds and I said on that issue, slow down. We will deliberate on that in August after coming up with a new law on diamonds. As for now, stop encouraging people to look for the diamonds. But we will have a clear picture on how to mine diamonds in August,” he said.

Though efforts to get the exact location of the mineral from Musabayana were fruitless, it is reported that diamond deposits were discovered in Chihota, Marondera West.

In 2006, diamond deposits were discovered in Chiadzwa, Marange, before thousands of illegal miners invaded the area in search of the precious stone.

Mnangagwa was also briefed on the looting of black granite in the Mutoko area, with the community not benefiting anything.

“On the issue of granite, I know it is mainly found here in Mutoko, the mountains are being destroyed in search of the rocks. I want to promise you that this new dispensation, any (black granite) miner coming here will working alongside indigenous people.

“Currently, there is a Bill in Parliament, Mines Minerals Amendment that the community around the mines should benefit from the activities happening there,” he said.
At least 98% of black granite extracted from Mutoko is exported to European countries including Germany, Spain and Italy.

According to the Zimbabwe Mining Development Corporation, Mutoko district produces 75% of the country’s black granite.

https://www.newsday.co.zw/2018/06/diamond-deposits-discovered-in-mash-east/

Dave Schmidt Live June 13th Program, Changing Our World

DebTarHeelGirl: "General Questions to Ask Wealth Advisor", 14 JUNE

DebTarHeelgirl:  General Questions to Ask Wealth Advisors

Choose the questions that are most relevant for your situation When interviewing a wealth advisor, it is important to ask the right question and know how to interpret the answers.

Here are select questions to get you started.  In a formal selection process the family should come up with additional relevant questions that will isolate important criteria.

Firm Background and Ownership
  1. When was the firm founded?
  2. When did the firm begin providing wealth advisory services? What was the impetus behind the creation of the multi-family office business, if applicable?
  3. What is the firm's organizational structure? If family-owned, what is the percentage of the family s interest?
  4. What is the firm's ownership structure? If family-owned, what is the percentage of the family's interest
  1. Does the firm develop an annual strategic plan? If so, what are primary initiatives for the firm in the next two years?
  2. What is the firm's stated mission?
  3. Is the firm a Registered Investment Advisor under the 1940 Act of the Securities and Exchange Commission? Please provide a copy of the firm's ADV Parts I & II filed annually with the SEC.

 Services
  1. Describe your expertise in each of the following service areas:
    • wealth transfer planning
    •  financial planning
    • foundation and philanthropic planning
    • investment planning
    • investment management
    • performance analysis
    • tax planning and tax compliance
    • bill paying and cashflow management
    • client education process
  2. What are your areas of greatest strength when providing wealth advisory services?
  3. What new services/service enhancements are you planning to introduce in the next year?
  4. What aspects of your business distinguish you from your competition?
  5. Do you work with outside investment consultants to enhance your research?
 
Client Relationships
  1. How many family relationships does your weath advisory business have? What is the distribution of clients by type (business owners, wealth owners, wealth inheritors, foundation, etc.)?
  2. How many new clients have you added/lost in each of the past three years?
  3. What percentage of your clients are full-service relationships? What services do you typically provide to the clients that don't use your firm for all services?
  4. How do you get new business? Do you have an active new business development effort?
  5. What are current assets under management?
  6. Please provide a breakdown of:
    • growth in new assets due to new client business over the past three years 
    • growth in assets due to new assets from existing clients
    •  loss of assets due to client attrition in the past three years
  7. Provide references from three clients that have worked with your firm for at least three years?
  8. What were the reasons why former clients terminated your services in the past three years?

 Employees
  1. How many employees do you have in each major department? Provide a breakdown of employees in the following categories:
    • senior relationship managers
    • investment professionals
    • tax and accounting professionals
    • philanthropy specialists
    • information technology professionals
    • marketing professionals
    • operational/back-office personnel
    • administrative staff
  2. How is the typical relationship management team structured? And how is technical expertise provided to support the relationship team?
  3. How are the relationship managers compensated? If they are paid incentive compensation, what is that basedupon? Do they share in firm profits?
  4. What is the typical account load for a relationship manager?
  5. Please provide the biographies for senior management and key personnel who would service my account.
  6. Provide the number of employee hires and terminations/resignations for the past three years.

 Client Servicing and Reporting
  1. How do you most frequently communicate with clients?
  2. Do you have regularly scheduled client meetings? If so, what is the frequency and who typically represents the firm?
  3. How do you interact with the clients' other key advisors?
  4. Do you provide electronic versions of client reports? Do clients have on-line access to their reports?
  5. What is the website address?

 Client Education and Research
  1. What kind of client education do you provide?
  2. Do you offer formal seminars or other educational opportunities?
  3. Do you publish research or newsletters for your clients benefit? Please include a list of research papers distributed to clients with the date of publication.

Pricing and Fees
  1. Do you have a published fee schedule? If so, please provide. If not, please describe how you determine a fee for a new client.
  2. Is there a minimum account size or minimum fee requirement?
  3. How does the fee structure differ for different client types?
  4. Do you offer any performance-based fees? As an alternative to basis points?
  5. Do you accept soft dollars from any product providers?
  6. Do you accept fees of any other type of service providers? If so, under what circumstances?

All my best~ Debbie

KTFA: They TOLD us it was coming!!!, 14 JUNE

KTFA

Boxman » June 13th, 2018


IMHO..the majority of the population in Iraq have little or no money....i think i read there was about 40 % unemployed with a large majority having little money.

I think as an example of the United States one of the wealthiest countries in the world...if suddenly a single dollar had purchasing power equivalent of a Thousand dollars...how would it affect the average person..a large majority in the US, that work, live paycheck to paycheck, with little in cash or savings,sometimes with large credit card liabilities, so the initial RI, would have little effect..but at the same time, all salaries, liabilities ETC...would be adjusted to reflect the change..in other words, if you were being paid a $ 1,000 a month under the old rate, the adjusted salary after the RI would be $ 1 per month...and any debt would be also adjusted downward, for the change in purchasing power..

In Iraq, only the persons that had a large amount of savings in dinars would benefit...the people that had no funds would not notice any difference except that the paper money or electronic funds would be missing the zeros..or in other words items that used to cost a 1,000 would now be 1.. Additionally, remember Iraqis, have also used dollars as a payment method, so the RI, would have no effect on the dollar holders.. IMHO

Samson » June 13th, 2018

Rafidain Bank announces the inclusion of all Iraqis with the "card" electronic payment


13th June, 2018

Rafidain Bank announced on Wednesday that the issuance of the MasterCard card includes employees, citizens and other segments of society

The Bank's Information Office said in a statement received by Al-Iktissad News that"the bank's branches continue to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are accepted at all ATMs connected to the MasterCard network, as well as points of sale

The statement added that advances and loans granted to employees are through these cards as well as settling their salaries electronically LINK

Rafidain explains the international MasterCard card version

2018/6/13 10:01

Rafidain Bank announced that the issuance of the card [Master Card] international includes employees, citizens and other segments of society.

"The Bank's branches continue to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are acceptable in all ATMs connected to the network [Master Card International] in addition to, To points of sale. " 

The statement added that "advances and loans granted to employees through these cards as well as settling their salaries electronically." LINK

IObey777 » June 13th, 2018

BOOM!!!! And there you have it!!! In Print with pictures and explanations!!! They TOLD us it was coming!!! Just WAIT....there's more and IMO..it's coming FAST!!! Thank you, Frank and Walkingstick!!

DINAR GURUS UPDATE, 14 JUNE

6-14-2018   Intel Guru Bruce  You wonder whether the Iraq dinar is complete, whether it is there, whether it has a rate there yet. Why would Iraq have 5 ships on the water full of Oil heading to the US unless they had a currency ready to utilize. They got that coming. It is on the way. I think two are arriving and 3 will be by Friday/Saturday. That is good to know.  I will say this that I feel very good where we are right now. 

6-14-2018  Newshound Guru Breitling  We have new people getting into the dinar and they’re trying to learn what you and I learned a long long time ago.
  The question is: “If there’s trillions notes in the hands of the Iraqi citizens…when the value increase wouldn’t the vast majority of Iraq’s citizens become instant millionaires?”  No.  Again, when the value of the dinar goes up in Iraq, remember everything is at a tenth of a penny, and when you go up to buy a coke or a candy bar it’s at a tenth of a penny.  So when it goes up a dollar, they are going to charge you a dollar for the coke…Services and goods are going to rise up with the value as the currency goes up.  But you and I don’t live in that world.  Why?  Because we bought the currency with the US dollar…They are not going to be instant millionaires overnight…That’s the difference.  Iraqis did not exchange dollars for their dinar…

6-14-2018   Intel Guru Delta   IQD BUY & SELL IRAQI MARKET
10-Jun... 1198- 1196
11-Jun... 1201- 1198
12-Jun... 1201- 1198
13-Jun... 1201- 1196
...TODAY MARK  THE 90 DAY FOR THE 2%….GOOD JOB CBI...

6-14-2018   Newshound Guru Kaperoni   Well today is almost compliance dayOur unofficial countdown is down to just hours now to meet the 3-month requirement.  Today's market rate in Iraq appears to be 1210 to $1 still within compliance but creeping close to the limit of 1214.

6-14-2018   Newshound/Intel Guru Mnt Goat   Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq.  WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol…   [post 2 of 2]

6-14-2018   Newshound/Intel Guru Mnt Goat   It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on.We could be heading into a very good timeframe. ...I told everyone...that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted.  Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar.   [post 1 of 2....stay tuned]

Zimbabwe seals $1 BILLION deal with China | IQD Dinar Currency Exchange RV

MNT GOAT UPDATE, 14 JUNE

Hi Everyone,

I bring you much news today.

The news is pouring in so fast form Iraq it is hard to keep up with it. So today’s Newsletter is yet another very interesting one. Many of us want this election drama to be over with as soon as possible so the CBI can go back to the project to delete the zeros. I am no different so let’s see what the rest of this week brings.

More news….

As everyone knows I do not always agree with TNT Tony and his overly optimistic attitude about the RV even in the midst of factual statements made by the CBI and the GOI on the subject matter. Seems sometimes he lives in his own fantasy world.

But today I want to give credit when credit is due. Kudos to TNT Tony for his comments on his last call about these charlatans who are using susceptible and unknowing people to make money off the RV intel. Shame, shame, shame on anyone using this RV intel to make money. If you can’t take the time and responsibility seriously then get out of the way and let those who are willing to do it, then do it.

The important part is that accurate, honest and factual information be passed out to the dinar investment community. I really don’t care if I do it, TNT Tony or anyone else does it. Honesty has been my biggest concern since I have started my intel Newsletter. I don’t even care if someone wants to charge you for the information, just as long as they take the responsibility seriously and gives you WELL RESEARCHED, FACTUAL and HONEST intel for your money. Gee, is this not what journalism is supposed to be?

More news….

Many of these intel gurus are once again on the RV war path over some recent news from Iraq about de-dollarization. So, again I have to come to you and clarify this nonsense. This time they are claiming the de-dollarization effort by the CBI in Iraq means that the RV is imminent. Really? So, let’s take a step back and look at this recent news. Let’s use are God given brains to analyze it. Again, I am telling everyone not to forget the past and connect the pieces. The TRUTH will pop right out at you…..

First let me say this effort of de-dollarization is and was an ongoing effort for many years by the CBI. It is nothing new. Part of raising the CBI rate to 1190 was part of the effort. The rate of exchange on the streets with these money exchangers has been part of the problem all along in keeping to the rules of the MCP of the IMF. Today is June 13th and the IMF still has a couple days remaining in their recent MCP 90 day monitoring program with the CBI.

So this recent ramping up of the de-dollarization is all about money laundering and not about the RV. If the street venders can’t make a profit then they won’t exist. The new 1190 CBI rate makes if very difficult for them to sell US dollars. Why did the CBI do this? US Dollars are being funneled into Iraq to legitimize them and circulate them. This enables these mafia like gangs to then be able to spend the money legally (even if to support terroristic efforts) and account for it and into a bank account. From here they can use it to buy foreign goods, namely militia military supplies. Remember Iraq must still use US dollars to buy foreign goods and services. This part of the sanctions has not yet ended even though many times the Govt has claimed they are “fully” out of sanctions. This simply is NOT true when it comes to the Iraqi dinar and the ability to use it for global trade.

Secondly, the majority of Iraq does use dinar not US dollars. So, I don’t know how these gurus get off lying to you as if the US Dollars usage is an everyday occurrence in Iraq and it’s depletion is a sign of an imminent RV. Yes, some dollars do sneak into the streets and some shops will take them in exchange for goods or services, but the majority of Iraqi’s use only dinar and not US dollars.

Thirdly, what we should be watching is not so much the efforts of the CBI with this money laundering campaign to de-dollarize (as I just explained) but the use of the currency auctions and these sanction run efforts of the auctions for the need to convert Iraqi dinars to US dollars for foreign trade. This is the target folks so let’s not get side tracked or confused over this latest effort of the CBI. NOTHING has changed to substantiate any claim of an imminent RV. The fact is the CBI just announced of additional dollar purchase orders. So why do this if they planned to reinstate the dinar this week and not rely so much on the US dollars? Now I also want to say this does not mean they are not planning to reinstate the dinar soon to FOREX but it does say not imminent and they need these dollars for the continuance of the current currency auctions. These purchase orders go out monthly so if you don’t take the time to research thoroughly then you are a jackass and just spreading rumors.

Stop all the hype over such a trivial thing….!!!!

Just remember these idiotic gurus will keep filling your heads with their nonsense and gobble-goop and then try to use any grain of sand to make a mountain of intel to substantiate that the RV is imminent. Do they even really know what is truly going on in Iraq? This is how they hype you up to come to their next conference call or check out their forums. This way they can sell you yet more products and get commissions or for you to click on the donation buttons.

Some claim they have tens of thousands of listeners and yet only a couple thousand a month click on the donate button and give a mere $5. Folks this is tens of thousands of dollars a month! Do you make that much on your hard working job each month? Do these gurus really provide you such FACTUAL and HONEST news that you should be paying them these kind of salaries for this information? Yes, this is a salary for them and they make a ton of money off you and most of it is not taxed and they avoid the IRS.

This kind of sums are way beyond what is necessary to maintain and pay for an online internet site, chat room and forum. Someone is making a lot of profit off of your donations.

Oh, but they will sound convincing and this is the hard part to see through them when they lie. Even TNT Tony himself said on his last call that everything is not always about the RV. WOW this was very good words and again Kudos to him for saying it. But, I only wish he would live by some of his own “words of wisdom” and apply it to himself…..lol..…lol…..lol…

More news….

REUTERS: ONLY IRAQ SUPREME COURT CAN DECIDE ON ELECTION RE-RUN: PM'S SPOKESMAN

(6/11/18)

BAGHDAD (Reuters) - Iraq’s Supreme Federal Court is the only entity that has the right to decide if a parliamentary election held in May needs to be re-run, Prime Minister Haider al-Abadi’s spokesman told Reuters on Monday.

“This is a matter for the Federal Court and not for the executive branch or any other entity,” said Saad al-Hadithi when asked if the prime minister had a comment on the speaker of parliament’s call for another election.
Parliament had mandated a manual recount of the election after a number of political parties alleged fraud. A storage site holding half of the ballot boxes from the capital caught fire on Sunday.


More news….

WE DO WE STAND ON THE ELECTION SAGA?

History: Referred to the House of Representatives in its extraordinary session last Wednesday, voted on the third amendment to the electoral law, which includes recount and manual counting and the assignment of nine judges to manage the electoral process.

So, we had some confusing news over these last couple days on the status of the election process. But the dust finally settled and they are now telling us they are going to conduct a total nation-wide re-count. Really? I still do not believe this will happen.

This is not redoing the entire election process as some in Parliament still desire and say is necessary. There is no provision it the constitution to allow this to occur.

So what pops out late Tuesday?

BAGHDAD (Reuters) - The head of the Federal Court, Medhat al-Mahmoud, said Tuesday that the Independent High Electoral Commission (IHEC) has called for an end to the work of the ousted judiciary in the recounting process, adding that it will expedite the resolution of the dispute.

The Electoral Commission has requested urgent action to issue a state order to suspend the implementation of the recent third amendment to the election law by Parliament, that is, the suspension of the work of the nine judges assigned to the Commission, UNTIL THE FEDERAL SUPREME COURT RULED ON ITS CONSTITUTIONALLY," he said in a press statement.

How many times must I say that this 3rd amendment by Parliament is not within the powers of Parliament to even do as it is out-of-scope in separation of powers between the different branches of govt.

He pointed out that "the Federal Court will take the necessary legal procedures to resolve the appeal ON A HURRY ACCORDING TO THE LAW."

Abadi also said in a speech at the weekly conference on Tuesday. "The parliament and the government have no power to cancel the results of the legislative elections."

We still don’t know if they will begin the recount tomorrow, as they scheduled. The judiciary will have to make a ruling today sometime.

The BIG question is this – if the judiciary does decide to go ahead with the 3rd amendment and recounting, then how long will it take to do this?

We should all be prepared mentally for a couple months at least. Some say now that they are giving them only 10 days. The ones that will be conducting the counting say more like 10 weeks. We know for Iraq nothing is ever on time and it usually is overly optimistic with unrealistic timelines or else the effort gets sabotaged. We probably are looking something more like in the last election, when Haider al-Abadi did not take the helm and Maliki step down until early September. Do you remember or do you have selected short memory? It is looking more and more like this probably will be the case once again in these 2018 elections.

If this is the case there will be a void in parliament for the remainder of the year past July 1st which is the scheduled date of the first session of the NEW Parliament. But how can you begin Parliament with the newly elected officials if you don’t even know if they are truly elected or not since the final ratification of the election results can not take place until the re-counting occurs? See the dilemma Iraq is faced?

My personal feeling is that the judiciary better step up soon and clarify a ruling on what is going on and find a way to short cut this process or there may be some serious ramifications. They letting Iraq get painted in to a corner by their stalling and stupidity. These charlatans of the Nori al-Maliki Iranian-backed gang are doing a nice job of screwing with the elections to get back into power. Heck… if you can win legitimately then you cheat. Remember what I told you about these charlatans- they can only operate if there is chaos, disorder and disunity. So pay attention to your own country and see that this also is not true whenever there is real progress in site. What does the opposition do? They try to create chaos, disorder and disunity. This alone can demonstrate to you then just who the charlatans. Pay attention! The good guys don’t have a need to lie and do these things. Their rightful policies stand on their own good merits.

More news….

WILL NORI AL-MALKI JOIN SADR’S LARGEST BLOC?

We find out that "a delegation from the Al-Fath Alliance headed by Qais al-Khazali visited Maliki and offered him an initiative led by Amiri reconciliation between the head of a coalition of law and the leader of the Sadrist movement.

Remember that just earlier in the week the Nationalist cleric Moqtada al-Sadr and Iranian-backed militia chief Hadi al-Amiri, who won first and second place respectively in Iraq's May parliamentary election, announced on Tuesday an alliance between their political blocs. WOW!

Earlier also Sadr has expressed desire not to let Maliki’s party into the new alliance. This will be interesting to see how this plays out. Stay tuned.

Early Wednesday came out news- source in the coalition of state law, that the leader of a coalition of state law, Nuri al-Maliki, the alliance with the "Saroon", backed by the leader of the Sadrist movement, and "Fath" led by Secretary General Badr Organization Hadi al-Amiri, indicating that he will meet Amri on Monday evening.

(Mnt Goat - this is old news already happened on Monday)

The source revealed in an interview with (Baghdad today), that "the head of the Fatah alliance Hadi al-Ameri will visit the head of a coalition of law Nuri al-Maliki, this evening, to study the alliance between the conquest and the rest, considering Maliki is a key part."

He added that "the meeting will discuss the moistening of the atmosphere between Nuri al-Maliki and the leader of the alliance of Sadr's followers," stressing that "Maliki agrees to enter into the alliance and the conquest and the REST WILL BE ANNOUNCED SOON."

(Mnt Goat- this last sentence means if Maliki has his way this crap in Parliament and burning of votes will end and they will proceed with the election ratification so on and so forth. So does Maliki still have any power? )

Okay so today is Wednesday and I am assuming that Ameri convinced Maliki to join the Sadr alliance. So then what pops out in the news next?

The court held a session on Wednesday to consider challenges to the amendments approved last week, and decided not to accept the challenges.

So the federal court did NOT rule on the issue and just rejected a request to make a decision. Didn’t the court just tell the Electoral Commission over the weekend to halt the re-counting and wait for their decision? Then they decide not to make a ruling. Something sounds real fishy here. Sounds to me someone is stalling. So will there be appeals and pressure on the court to make a ruling?

The fact that the court did not make a ruling does this mean that the re-counting goes ahead as scheduled and is to begin today? I guess it does. See full article on this judicial decision below in the articles section.

What a mess!

It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on. We could be heading into a very good timeframe.

More news…

Okay so I told everyone over and over again that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted.

Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar. Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq.

WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol…
More news….
I get so many questions from people who get confused over their investment. This confusion I can see now stems form idiots who spread rumors and don’t really know what the hell they are talking about. They are not serious about helping people understand and their real motive is just to make a buck while we wait for the RV to happen. They have penetrated the dinar community with their intel calls. So HONBEST intel is not their real priority anyway.


So I get disgusted every time I hear these kind of rumors. This rumor repeated from Frank26 conference call by Delta last night again.

I quote from Delta: “In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. “

Question: WHAT REALLY HAPPENED TO THE DINAR VALUE IN 2003 AND WHY?

This statement by Delta is simply is not true and I really dislike this ongoing rumor. Maybe DELAT and Frank should get off the damned BLUE COACH and do some research so they can speak to their listeners intelligently.

If you are going to invest in any stocks, funds or currency you should study it carefully first and know exactly why you are investing. Apparently Delta just bought into the rumors and like to repeat them without thinking about them intelligently. In fact I did one of my Special Edition Newsletters on this topic because I thought it was so important people know the truth of their own investment. It is in my FaceBook Page. I encourage everyone to go read it.

If you study the value of the Iraqi dinar and track the rate from the beginning of the 1991 Oil or Food Program, when sanctions began, you will see the gradual decline and then once the second gulf war in 2003 happened a wild swing to disastrous hyper-inflationary levels. So, this was done maybe intentional but only through the Chapter VII sanctions and they then let nature take its course and it did. It was NOT a sudden “1/10 cent decline to prevent Sadaam from using the funds for terrorism”. It was the sanctions that tore apart the Iraqi economy but only gradually over the period of the sanctions.

Then later they had to do something to save the dinar from total collapse. So they then issued these very large 3 zero notes because of the massive hyper-inflation. In the process they also got the Sadaam notes out of circulation. So I want to emphasize over and over again that the change in value was NOT a sudden triggered event. It took over 12 years of sanctions to do it. Yes, they did suddenly issue the new 3 zero notes but the value was already at 1/10 of a cent due to hyper-inflation that already had occurred.

This measure was taken to SAVE the currency not DESTROY it.

Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS?

We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary ( I call these Article 14 notes ..lol ..lol..) and the notes would be someday replaced with more normalized lower denominations (I call these Article 8 notes …lol …lol… lol..) once they controlled the inflation and could stabilize the government and economy again. This has now all happened. This replacement of currency is way overdue.

Question: BUT IF THEY REPLACE THE 3 ZERO NOTES WON’T WHAT WE HOLD BE WORTHLESS?

If they did have this in their plan, this would be called a “lop” which is a technical term for restarting an economy fresh from a hyper-inflated situation including other strict measures too to control the economy. This is not the care in Iraq since they report almost monthly that inflation is now under control and around only 2%. The CBI has also told us they DO NOT intent to conduct a “lop” in Iraq but rather to coincide the two sets of currencies (3 zero notes and the newer category notes) for up to 10 years. We are holding some of these 3 zero notes and so when the value is significantly increased in order to come back to pre-gulf war levels this will be legal currency of Iraq. We simply go to the bank and exchange it for the currency of our own country (i.e. Canadian dollars, US dollars, Euro, etc).

Question: BUT THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE?

Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did.

Question: How will these oil credits work?

Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. What the hell would they do with all this currency?

But these are not normal situations for the Iraqi dinar. The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years.

So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out.

Question: BUT WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS?

Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind.

First there was the money made on a spread when the online currency broker or bank sold the dinar to you.

Second is the money you make as the investor on the initial exchange.

Third, then the bank makes their spread.

Forth, then the US Treasury (US govt) makes billions off of brokering the oil credits to oil companies so they get the oil as discounted prices from Iraq. Some of the oil credits are already sold to other countries that did not participate in the gulf wars. This already helped beef up the gold reserves for the US under Basil III. It is win-win situation for all parties.

I am explaining this information to you today since I want you to truly know your investment and know there is so much money to be made in this process that this event MUST happen.

Question: OH – BUT HOW MANY TIMES MUST WE HEAR THIS. THEN ONCE AGAIN WE HAVE TO WAIT AND WAIT….

If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple so STOP your wining and complaining! Where else can you make this kind of money? Did someone tell you this was a “get rich quick” investment? Maybe this was your first mistake as to why you invested.

The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news….But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again? I don’t know you tell me…

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Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “Mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.
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Articles Begin


PROCESS OF MANUAL COUNTING AND SORTING IN ALL PROVINCES OF IRAQ WILL BEGIN ON WEDNESDAY

MP Harith al-Harthy said that the process of manual counting and sorting in all provinces of Iraq will begin on Wednesday and will fall on the responsibility of the staff assigned by the IHEC for elections to work on the day of the ballot only and who have the process of counting and electronic sorting.

Al-Harithi said there was a disagreement about how long it would take for the assigned staff to finish the counting process. The first opinion was to set a time limit of no more than 10 days, while another went to make that period open until the end of the process.

*************************************************************

UN SPEAKS OUT ABOUT IRAQI ELECTION ISSUES

Baghdad / Sky Press
The Special Representative of the Secretary-General for Iraq, Jan Kubic, called on the bodies responsible for the administration of the elections in Iraq to promptly investigate all complaints of fraud and electoral irregularities and to separate them in a transparent manner that would enhance the integrity of the electoral process and the legitimacy of its results. Iraq's laws and constitution.
A statement issued by the UN mission in Iraq, called Sky Press, called upon all political actors and supporters to adhere to the causes of peace, continue to commit to resolving electoral disputes through legal channels, and calls upon all constitutional and political leaders and entities to work together in support of procedures to address complaints about the electoral process. Strengthening the electoral and political processes.


"The United Nations Assistance Mission for Iraq (UNAMI) stands ready to provide further assistance and technical advice to electoral bodies, as requested," the statement said.

The statement called on the government, security forces and electoral management bodies to take all appropriate measures to secure the election materials, especially in the light of the recent fire incident, damaging a number of warehouses belonging to the Electoral Commission.

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Baghdad / Al-Ghad Press:

A political source informed on Wednesday that a delegation from the Fath Alliance headed by coalition leader Qais al-Khazali in conjunction with the announcement of Amiri and Sadr formation of their alliance, adding that the delegation told Maliki's peace initiative by Amiri.

The source told "Al-Ghad Press" that "a delegation from the Al-Fath Alliance headed by Qais al-Khazali visited Maliki and offered him an initiative led by Amiri reconciliation between the head of a coalition of law and the leader of the Sadrist movement in preparation for Maliki's entry into the new alliance."
The source quoted Khazali as saying that "Maliki is an important component of the new alliance and its presence strengthens the unity of the Shiite and the specter of internal fighting sought by some internal and external parties."


The head of a coalition of state law, Nuri al-Maliki, and Sheikh Qais al-Khazali, stressed on Tuesday, the need to work together to form a comprehensive national alliance.

A source familiar with the issue said Wednesday that the leader of Sadr's movement, Moqtada al-Sadr, confirmed to the head of the Fatah alliance that he deserves the post of prime minister, denying any reservation on the presence of Qais al-Khazali within the Fatah alliance.

On Tuesday, Asroun and Fatah announced their alliance formally to form the largest bloc in the next government.

*************************************************************

IRANIAN-BACKED MILITIA CHIEF HADI AL-AMIRI ANNOUNCED ON TUESDAY AN ALLIANCE BETWEEN THEIR POLITICAL BLOCS OF SADR MOVEMENT

Reuters ALAAAL-MARJANI

By Ahmed Aboulenein | BAGHDAD

Nationalist cleric Moqtada al-Sadr and Iranian-backed militia chief Hadi al-Amiri, who won first and second place respectively in Iraq's May parliamentary election, announced on Tuesday an alliance between their political blocs.

The move announced from the Shi'ite holy city of Najaf is the first serious step towards forming a new government after weeks of negotiations between parties. It comes exactly one month after an election marred by historically low turnout and fraud allegations.

The two Shi'ite figures said they would keep the door open for other winning blocs to join them in forming a new government.

"Our meeting was a very positive one, we met to end the suffering of this nation and of the people. Our new alliance is a nationalist one," Sadr said.
Sadr and Amiri are strange bedfellows.


The cleric, who once led violent campaigns against the U.S. occupation that ended in 2011, has emerged as a nationalist opponent of powerful Shi'ite parties allied with neighboring Iran and as a champion of the poor.
He backed in the election the Saeroon list composed of his followers, the Communist Party, and other secular candidates.


Amiri, a fluent Farsi speaker, is Iran's closest ally in Iraq, having spent two years in exile there during the era of Saddam Hussein.
The Fatih alliance he led in the election was composed of political groups tied to Iran-backed Shi'ite militias who helped government forces dislodge
Islamic State militants from the third of Iraq they seized four years ago.


"Fatih and Saeroon announce forming the nucleus of the largest bloc and call on all winning blocs to participate in this alliance under a government program agreed upon by all that is suitable to face the challenges, crises, and problems facing Iraq," a Fatih spokesman said in a statement.

The alliance, which together has 101 seats, 64 short of the majority needed to form a government, came hours after Prime Minister Haider al-Abadi, who's own bloc came third, urged politicians to keep negotiating over government formation despite an impending nationwide manual recount of votes.

ELECTION WOES

Parliament mandated the recount after Abadi said a government report showed there were serious violations.

A few days later a storage site housing half of Baghdad's ballot boxes caught fire, raising tensions and prompting some to call for the election to be repeated.

Abadi said on Tuesday he opposed a repeat, echoing the stances of Sadr and Amiri, and warned that anyone who tried to sabotage the political process would be punished.

He may yet secure a second term as a compromise candidate if he joins his blocs with Sadr and Amiri and manages to win their backing.

"The matter is exclusively in the hands of the judiciary, not politicians. The government and parliament don't have the power to cancel the election," Abadi said of a repeat.

The government report had recommended a recount of 5 percent of votes but the outgoing parliament, in which over half of lawmakers including the speaker lost their seats, instead voted for a nationwide one.
Amiri said on Tuesday he supported only a partial recount.


Abadi called the fire a deliberate act and said the attorney general would bring charges against those who are trying to undermine the political process.

An Iraqi court ordered the arrest of four people accused of setting fire to the storage site. Three of them were policemen and one an employee of the elections commission.

THREAT OF VIOLENCE

Abadi said a preliminary report had provided evidence of gasoline at multiple areas inside the storage site. It also showed that security cameras had been disabled and no locks had been broken, implying it was carried out by someone with access to the storage site.

Iraqi authorities said the ballot boxes had been rescued but the fire has fueled fears of violence.

Sadr has warned that certain parties are trying to drag Iraq into a civil war, adding that he would not participate in one.
Abadi thanked Sadr for a disarmament initiative he floated after a weapons cache at his Baghdad stronghold of Sadr City exploded, killing 18 people, and said he hoped the cleric would stick to it.
"I welcome Sayed Moqtada's announcement that his followers commit to not having weapons outside the framework of the state. We consider this good," he said, adding that those responsible for the explosion would be brought to justice.


"What happened in Sadr City is very regrettable, it is a crime. Those responsible will receive their just punishment."

Sadr, who ordered his own separate investigation into the incident, said on Tuesday he had identified the culprit who was now on the run and that he would be brought to justice.

(Reporting by Ahmed Aboulenein; additional reporting by Huda Majeed; Editing by Matthew Mpoke Bigg)

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FEDERAL SUPREME COURT ON WEDNESDAY REJECTED A REQUEST FOR A DECISION TO SUSPEND THE IMPLEMENTATION OF THE PROVISIONS OF THE THIRD AMENDMENT TO THE PARLIAMENTARY ELECTIONS LAW

Baghdad today - Baghdad The Federal Supreme Court on Wednesday REJECTED A REQUEST FOR A DECISION TO SUSPEND THE IMPLEMENTATION OF THE PROVISIONS OF THE THIRD AMENDMENT TO THE PARLIAMENTARY ELECTIONS LAW.

The Federal Supreme Court held its session today under the chairmanship of Judge Medhat" Al-Mahmoud and the attendance of all the judges of the Supreme Court," said Ias Samok, spokesman for the Federal Supreme Court. "Five applications were considered for issuing a decision to suspend the implementation of the provisions of the Third Amendment Law ." (Council of Representatives No. 45 of 2013 amended)

He added that "the Federal Supreme Court, found after the deliberation, that the decision of the requests and the ISSUANCE OF THE RESOLUTION BEFORE THE STAND ON THE OTHER PARTY'S CLAIMS IN THE APPEAL against the provisions of the Third Amendment Law referred to negatively or "negatively, which would give a sense of opinion in the original case in advance.

He added that "the Federal Supreme Court confirmed that the ESTABLISHED JUDICIAL NORMS PROHIBIT THE COURT TO EXPRESS AN OPINION or a hint on the subject of the original case before it when the issuance of the award, so the court unanimously decided to respond to the request " to issue a (state) to the law of elections of the House of Representatives.

(Mnt Goat – this is telling me that the court refused to make a ruling on the it and so the Parliament amendment stands as is. The recount will be conducted unless something else comes up to prohibit it. I imagine there will be appeals and force the court to rule on it.)

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Articles End

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!


Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

In ending I want everyone to know your constant prayers in the fight against evil (ISIS) in Iraq have worked. God has guided these young men and women on the battle field. Let us all now know that there is a new battle now to fight. A battle to save our homelands from the corrupt politicians who are bent on taking what they want from our current wealth and from future generations without our permission. We must keep praying for the end to the rapid corruption in Iraq and in the United States. We must pray for our leaders when they are being guided by the Holy Spirit. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the revaluation of the Iraq dinar occurs.

PRAYER

“For the Iraqi Prime Minister and the President of the United States, that all their cabinet members, and deputies may be anointed by the Holy Spirit to do God’s will and bring the free democracies of the Republic of Iraq and the United States of America to the much-deserved prosperity and abundance thru justice and freedom from oppression and corruption. That they may be a shining example for the rest of the middle east and to rest of the world to follow.

In the name of Jesus Christ our King and Savior, Amen”

Auf Wiedersehen
Much love to ya all,
Mnt Goat