(Dinar Recaps apologizes for not posting this Monday.)
MNT GOAT NEWS LETTER Edition: UU6909 Dated: March 14, 2016
Title: “Devaluing the Dinar Again?”
Today I bring you little news as the news channels are mostly very quite recently. I did hear that we can expect the General Amnesty to be submitted to parliament this week for a final vote, maybe on Thursday. Also that there will be a great shake up in the CBI this week if Amnesty is passed. We must wait and see how it all plays out.
Today is Monday March 14th 2016. Still no RV. Sorry!
No - Abadi’s speech on Thursday was not to announce the RV.
No - the rate in Iraq has not changed to $0.90-1.08. If it did then why are they coming right out on Thursday and telling us the government has a plan to raise the value of the dollar to 200,000 dinars for each $ 100 US Dollars to cover salaries, as I present the article below to you?
No – no groups are exchanging as there is not any new rate live at the banks. Nor can anyone exchange! If this were true this would make over tens of thousands of groups by now, almost all the dinar holders. There are not any such groups to begin with. Get it? It is all made up intel.
No – there are absolutely NO special exchange centers. I can assure you of this as I have confirmed this many times already with the US Treasury and the banks. This was passed on to you from a meeting that discussed only possibility of exchange centers and special 800 numbers to reserve time to exchange. But it was decided not to pursue this any longer due to the expense and the unpredictability of the RV due to the actions in Iraq
The only 800 numbers you are going to get are the 800 numbers that are already at the bank if they have currency exchange services. Simply go to their internet sites and read them, call and make a reservation with them when it is time to exchange Some banks may make special provisions for currency exchange that did not previously exchange currency.
No – none of these so called intel “gurus” will be getting a “package” of information to give you the details about the RV when it happens. They want to make themselves sound important to draw you in (sucker you in) to their calls.
Update: Iraqi Economy
On Friday an article came out telling us the government plans to raise the value of the dollar to 200,000 dinars for each $ 100 US Dollars to cover salaries. I did not bring the article with me today but I do want to talk about it. So what is this all about?
Personally I am not worried about this action as said in this article and nor should you. This is the third time I know of that they have done this so far. Each time they do it, it is temporary and is for a greater amount but it always settles back to around 1140-1166 rate soon afterwards. Think about it! This is a very good sign.
They have to pay the employee salaries somehow and do it now. The citizens are very angry at all the wasted money, money that could be going to pay them for their salaries and pensions. Remember nearly 21% of the population (7 million workers out of 35.9 million) are on some kind of the government payroll in Iraq. Each month, Iraq's government pays out nearly $4 billion in salaries and pensions. Can you see the dilemma they are in? Remember they also have to pay for military equipment, ammo and food for the soldiers not to mention loans and other assorted bills.
Instead all the money over the last years they could have had saved for a rainy day was stolen by these corrupt officials. So the strategy now is to give more dinars to the citizens for each dollar which means the CBI will be taking less out of its reserves which is in US dollars to pay for the salaries and pensions. This is an indirect way of cutting the cost of the salaries.
This process will continue each month that oil prices remain low or until we get the RV. The value of the dinar may even drop yet more until something is done to correct the situation.
What could help is a more diverse economy, less dependent on imports thus less money leaving the country in the form of converted dinars to US dollars. Remember these dollars come from the CBI reserves. Thus it is the CBI that must pay for the cost of imports.
So what will be the mechanism(s) to get them there? It is not as simple as just RVing the currency, as many of these idiotic so called intel “gurus” would tell you . If it was they would have already done it. Get it! I have said this before and have showed you over and over again why this RV in not the final solution but a by-product of the entire process.
They first have to satisfy both the paths I keep describing to you – the political side and the financial side. Replace the word “side” with the word “requirements” or mandates. Now do you understand? All of this should have been done already. Maliki has 8 years to do it and did nothing to move Iraq forward. Look at how much Abadi had accomplished in just 1.5 years. Yes- that is just a year and a half ! Imagine if Maliki and his goons were as invested in moving Iraq forward as they were in stealing money and marginalizing the Sunnis and Kurds? We would have seen the RV already and I would not be writing this news letter. Remember in those days oil prices were at $80-$120 dollars a barrel too. As Dr Shabibi said in an interview and I do not quote – Iraq has a golden opportunity in 2012 to enter the international community and passed it up due to political reasons.
Update: 45 Day Deadline for Technocratic Gov’t
Today is nearly mid March already. The clock is ticking as the GOI has until the end of March to fully seat this new “technocratic” government. The names of candidates for all but three ministries have been submitted to parliament already. These three ministers remaining refuse to resign. Abadi has reached out to Nori al-Maliki to try to get help in convincing them this is the appropriate thing to do but Maliki did not support the reforms. So once again we see the Dowa party holding back progress.
Tic Toc, Tic Toc….
Update: Iraqi Corruption Cleanup
Oh no! ……More corruption discovered? When will it all end?
So now we see that employees have files and the many documents that could “fry” each of these corrupt officials. They are telling us this may number as many as 400. Some of the files are gone, as the officials bought them from the employees, as not to be discovered…more corruption in the part of the employees.
I quote from the article below - " the documents in these files , the characters are clear and explicit and can convict all of us simply for being hard evidence."
So did you ever ask yourself this question. If they convict and lock up all of these employees then who will run the government? Ah, ah….this is where the General Amnesty will come into play. They will have to adjust the Amnesty bill to be very specific to detail just what crimes were so bad and those horrific. Now can you see why the delay in the Amnesty bill?
As they try to get the Amnesty bill passed yet more and more corruption is discovered every day and the need to rethink just how they will handle all these corrupt people and these specific crimes. So amnesty is just not for those that have been locked up, rotting in the jail cells for years now. They must consider this new bunch too and also consider they must still run the government too some how.
EMPLOYEES OF INTEGRITY "SELL" CORRUPTION FILES IS "SERIOUS" AGAINST SENIOR OFFICIALS
Tomorrow Press / Baghdad: expose employees of the Integrity Commission, on Friday, expressed "serious" information on files and documents "buried" in the corridors of the body, and the political influences that prevent senior state officials accountable.
A number of the body's "Tomorrow Press" staff, "the existence of thousands of files containing documents and figures more than 400 window and well - known political figure, squandering and stealing about $ 150 billion," and argued that " the documents in these files , the characters are clear and explicit and can convict all of us simply for being hard evidence."
Said one of the employees, rejected to be named, that "some employees have sold some of the files on the deputies, politicians and the media, on the back of their salaries reduced in recent times, but they still retain a portion of these files," adding that "some of them agreed with the politicians to destroy some documents, especially since some of them have not been electronically saved.
The integrity Commission has only paper from him documents many were destroyed already. " He added that" all the prominent figures in the current government and the previous no right supported by documentation files proving involvement of laundering money and smuggling of currency, and the utilization of personal benefit from their status or Career of their office, which condemns them to imprisonment for at least five years, huge fines, and restore the money wasted or stolen.
" He said another employee in the body, that" the chairman Hassan Yassiri meet in one day dozens of people, a large proportion of them from the House of Representatives and prominent politicians, some of them trying to clean up Public full of convictions against them, and some of them are trying to provide Yasiri files private corruption of politicians his opponents, and others visiting the body to get to know their file type, and the most important convictions against them. In tomorrow 's Press ", the list will be published, the earlier, the number of deputies procuring heads the bloc of the integrity Commission.
Remember is my news letter dated 3/11 (LINK) I talked about the Sadr demonstarions? At this time I said once the effort to get Abadi’s cabinet to a more technocratic government is settled, then Sadr would move on to the issue of reforms for the top political leaders. These reforms come in the name of getting their due justice for destroying Iraq. Well…now we are seeing the very beginning of this effort by Sadr. See article below.
I have to tell you these articles are important and we can almost predict what comes next. The article below popped out late Friday EST as we know Abadi announced almost all of his new cabinet nominees also earlier today.
SADR ACCUSED MALIKI'S GOVERNMENT OF "POLITICIZING" THE JUDICIARY AND THE SALE OF IRAQ'S "TERRORISM"
BAGHDAD / Sky Press: Mary finest
Accused cleric Moqtada al-Sadr, on Friday, the government of former Prime Minister Nuri al-Maliki politicizing the judiciary and the sale of Iraq on a plate to terrorism.
Sadr said in a speech recorded speech during a demonstration of hundreds of thousands of his followers participated in Tahrir Square, and followed up, "Sky Press", "The corruption reached a critical stage can not turn a blind eye with him in any way," stressing that "reform is not abbreviated to change the Minister or The two ministers. "
He stressed the need to chest that "the reform includes both the Ministry and the bodies and special grades of the joints of the State, namely the judiciary, which Sesth the previous government.", Noting that "recent sold the home and presented on a plate to terrorism."
Sadr called on to also include reform the election commission, financial institutions and banks that are in the wind. "
It rallied thousands of followers of the Sadrist movement, on Friday in Tahrir Square in central Baghdad, to demand reforms in state institutions and combating financial and administrative corruption.+
It is said that the cleric Moqtada al-Sadr called, on Thursday, the demonstrators to continue their demonstrations and withstand the corruption "Whether remained, including a mother was killed," and described the protesters as "the best nation out of the repair and the best Nasser of Iraq", while expressed confidence their "resistance to corruption in the courtyards demonstration tomorrow. "
The leader of the Sadrist movement, launched in the (13th February 2016), a project of reform in the country includes four files, while calling for the formation of a government of technocrats, "far from the ruling party and partisanship," headed by current Prime Minister Haider al-Abadi and "a political team that includes politically and nationally independent and a judge known Lakeadath, "and as he emphasized the need to nominate the names of heads of independent bodies and the leaders of military teams and army Chief of Staff to approved by the House of Representatives, threatened to" no confidence "from the Government Abadi, in the event of non-implementation of the project within 45 days.
Update: Fighting ISIS
No new updates. I will send them to you when I get word. Please keep praying for peace.
Most importantly please, please, please let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe our prayers are in part some of the acceleration of the process we are now witnessing.
Remember too to pray to the princess of peace – Our Blessed Virgin Mary. She has the ear of Christ and she can intercede in heaven and bring us the peace we all desire here on earth. We can not do it alone. I believe that if we all make this our daily prayer you will see change. It is already working even in the short time since I have been publishing this prayer section. It does not matter what religion you believe, if you pray then to your oven beliefs entity it is still the same powers and good for all of mankind. Ultimately it is all the same God anyhow.
“Lord, protect Abadi and all who stand with him in righteousness, the Iraq and coalition soldiers who are fighting the good fight against terrorism, that they would be shielded from the enemy and would be victorious against them in the battle for Mosul! We ask that the victory comes swiftly and healing of the Iraqi peoples and all whom have been effected by these evil doers can begin!
We pray for the process of the currency reform, the full implementation of the Iraqi economy to full international status and the bringing of prosperity and wealth to its people“ Amen!
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,