Why is this all such VERY GOOD news to us for this RV saga?
Because we all know these are the three main areas of concern (besides ridding Iraq of ISIS and Iranian Kud forces and militia influence) that must be accomplished prior to any RV. WOW!
But, if this is not good enough, yesterday Iraq came out with a commentary once again about these currency auctions and how they will bankrupt Iraq if they continue. So we know why these auctions are held as I explained them to you in previous news letters (go back and reread them if you don’t understand). They are being held because Iraq is in a ‘Closed” economy and to pay for imports, the banks must go to the CBI, get US dollars for their banks to exchange with the merchants for dinars to they can pay the importers for the goods and services. The process is the auctions.
But problem is they overpay dinars for these US dollars and the dollars come out of the CBI reserves. Do you see the corruption? If this continues much longer the reserves will be depleted. With the financial crisis the CBI reserves are not being replenished at the rate necessary to sustain this process. Instead the CBI collects almost worthless dinars in the process. No country’s wealth is stored in reserves using their own currency.
So the only practical way out of this mess is to restore the Iraqi dinar back to it’s original value, place it on the global exchanges (thus RV and going international) and use the dinar to pay for imports. (As a side note – we go to the bank and exchange our dinars when they do).
So why won’t the CBI just do it? CORRUPTION - just too many people making billions over the currency auction process and they are raiding the coffers of the CBI reserves.
You can see it, the good guys see it and so when will it end? What are they waiting for?
We know what they are waiting for! I have told you many times already.
The IMF simply will not allow them to RV (go global) until all these other pieces are done. It is a catch 22 situation, dilemma for the good guys, like Abadi, who is trying to make a difference. But the mess is so large to untangle and fix.
I have explained many times to you what these piece are. I certainly hope you now understand their predicament. YES- it is a predicament since they too want to RV but the stalled legislation, ISIS, and the backwards banking practices are delaying the plan.
So we also see a recent cut back in the amount of US dollars sold in the auctions and of course, as expected, it is causing liquidity problems in the banks once again. Many article yesterday on this topic.
Folks I just have to tell you again - The only way out of this vicious cycle of corruption it to go global with the dinar by moving Iraq into Article 8 as a member nation of the UN. They must STOP the auctions!
So this process of currency auctions can not continue much longer and they know it! What will they do? It is part of the solution to their economic crisis. But Abadi did tell us that some “major economic changes are coming soon”. Does he first want to complete the reshuffle of his cabinet, then he can get the necessary reform laws passed, then he can force the judiciary to do their job, then we can RV?
The article is very long and I did not include the entire article today but here is the essence of it for you below.
I quote from the article by one of the economists –
“Said David Zayer told all of Iraq that ” the decline in central bank sales, confirms that its reserve is unable to secure the required in the market , ” pointing out that ” the political misconceptions followed by the central bank will push Iraq into bankruptcy.”
“He pointed out that “there is a process looting systematic bankruptcy Iraq from its reserve of hard currency , “stressing that” the central bank assumes this responsibility. ”
“and labeled a member of the parliamentary finance committee Majida al – Tamimi, the Iraqi Central Bank ‘s policy in the auction to sell the currency as “serving the corrupt.”
THREE PRESIDENCIES AGREE TO CONDUCT A CABINET RESHUFFLE WITHIN A WEEK
Three presidencies decided at the conclusion of the formation of the first meeting of the two committees to follow up the ministerial reforms and adjustment in a week and the other to communicate with the protesters.
According to an official statement issued by the Presidency of the Republic it was forming a committee represented by all political factions and representatives of the three presidencies that would follow up the implementation of the reform measures and alterations ministerial week and activate the work of the Supreme Council for the fight against corruption and speed up the resolution of independent bodies.
You were also at the meeting approve the formation of a committee of the two communities and their representatives liaise Palmatsaman, was emphasized at the meeting on the need for the work of the House of Representatives on the completion of stalled and delayed the legislation of laws.
This rolled reactions of the political blocs about what was announced after the three presidencies and political leaders meeting yesterday.
Where House Speaker Salim al – Jubouri confirmed that it was agreed to hold a round of dialogue with the protesters , with an emphasis on the importance of preserving the prestige of the state while the head of the Islamic Supreme Council Ammar al – Hakim stressed the need to move forward with comprehensive reforms in accordance with the program and clear policies with re – examine administrative clades in Iraq starting from the post of the minister to the agents and general managers, while the leader of the Front confirmed Saleh al – Mutlaq dialogue that the meeting of the political blocs praised the high discipline of the demonstrators and reiterated his support for a radical change in the political process , while a coalition of state law , the protestors attacked considered mobility violation of the Constitution and poses a security challenge and a gateway to re – scenario Mosul and Anbar.
Allawi calls for the formation of saving the Council and the involvement of the tribes in the political process
For his part , President of the National Coalition , Iyad Allawi , to form a rescue board to oversee the political process and the formation of a new cabinet of ministers independent of the parties indicated during a press conference to the need to achieve national reconciliation and the abolition of political quota system as well as change the electoral system to ensure the integrity and the enactment of the law of parties , stressing that the previous elections have involved a great imbalance.
I like these articles below because they are telling us the main concern of the GOI is fighting terrorism in all avenues including the ISIS and DAASH threat as well as Iranian influence. They did not come right out and say “Iranian” but if you read between the lines is all there.
Making the ministerial changes too are important, as Abadi and Allawi says, but lets not forget there is still a way going on with ISIS.
I quote from the article below – “during a meeting with Chairman of the National Coalition , Iyad Allawi, support reform and the importance of walking him and the fight against corruption and support the government and the victories of our security forces to the terrorist gangs and protect state institutions as well as the deepening of relations with the regions.”
Did it ever occur to anyone that maybe it is the chairman of the National Coalition , Iyad Allawi, who is pushing in the background for the reforms? Maybe it’s Allawi who is working through the religious clerics to put pressure on the GOI to move forward more rapidly on these reforms. This is all very good for us.
ABADI: WE HAVE TAKEN DECISIONS THAT MAKE THE MINISTERIAL CHANGE VERY SOON
BAGHDAD - morning
And continued Dr. Haidar al - Abadi Prime Minister meetings with the Committee of Experts tasked with developing a comprehensive reform programs and consider the selection of candidates for senior positions, have been through it to make decisions and recommendations that will contribute positively ministerial change to very soon, while called to take the necessary measures and procedures to protect the residents in the city of Taza and hand Bashir discussed with the President of the Council 's strategic foreign relations in the Supreme leader Ali Khamenei , the Office of the unification of the region’s efforts to support Iraq in its war against terrorism.
According to the information Office of the Prime Minister data received this morning copies thereof, that Abadi held a meeting with the Commission experts in charge of developing a comprehensive reform program which discussed everything that would form a technocrat government to raise the level of all sectors in the country as a result of the big challenges it faces.
The statement added that the meeting came out with many of the decisions and recommendations that will contribute positively ministerial change time is very close and the reform sought by chairman of the board Ministers and citizens.
On the other hand, search Abadi, upon receiving Kamal Kharrazi , President of the Council 's strategic foreign relations in the Supreme leader of the Islamic revolution Ali Khamenei 's office, the bilateral relations between the two countries and ways to promote them in various fields and the situation in the region, and the importance to unite the region 's efforts to support Iraq in its war against terrorism.
On a related matter , he stressed the Prime Minister, during a meeting with Chairman of the National Coalition , Iyad Allawi, support reform and the importance of walking him and the fight against corruption and support the government and the victories of our security forces to the terrorist gangs and protect state institutions as well as the deepening of relations with the regional ocean.
In the meantime, chaired by Chairman of the Board Minister Ministerial Council for National security meeting, discussed the measures necessary to protect residents and procedures in the city of Taza and hand Bashir and equip the ministries of defense, interior and body the popular crowd with arms necessary for the battle against the terrorist gangs.
The statement said the media to his office that the meeting also discussed the plans and strategies of security and military to sustain momentum victories achieved and the liberation of every inch of the land of Iraq and a review of previous resolutions and recommendations.
CHAIRMAN OF THE CHEST ANNOUNCE LIFTING OF NAMES OF CANDIDATES FOR THE MINISTRIES OF TECHNOCRATS EBADI
Confirmed Iraqi civil society initiative to monitor and evaluate the reforms that the formation of committees negotiating with the protesters do not serve the program of reforms, but is an attempt to stall and procrastinate intended to buy time.
The Ibrahim said Sarraji general coordinator of the initiative was supposed political blocs should initiate a package of laws that contribute to supporting the reform plan, according to the legislation roof timetable is displayed on the entire community.
He noted that the Iraqi society as a whole are expected political blocs comprehensive reforms of political, administrative and economic apparatus package based on the article version (78) of the Constitution of the Republic of Iraq as ((prime minister is the direct executive responsible for the general policy of the state)) assumes the political blocs and during the Iraqi Council of Representatives to take over the legislative process and by the constitutional powers of the legislative authority.
He added that the meetings held by the political blocs to discuss the reform program seems like it resulted in a lack of cooperation between the political blocs and try to hold on to its ministers corrupt part of the current government which is a big shock for the whole community of Iraq, and far from the demands of the people as expressed through demonstrations and Yards sit.
CHAIRMAN OF THE CHEST ANNOUNCE PRESENTING OF THE NAMES OF CANDIDATES FOR THE MINISTRIES OF TECHNOCRATS EBADI
Tuesday, March 22, 2016
(Information) BAGHDAD - The President of the reform committee set up by the cleric Moqtada al - Sadr for the selection of the new ministerial cabin Sami Azarh, Tuesday, for the lifting of the names of candidates for the ministries to technocrats Prime Minister Haider al - Abadi.
He Azarh told / information /, " The cabin chosen by the Committee of Ministers includes 90 personal Iraq , mostly university professors and deans of faculties, to take up ministerial positions, agents , " stressing that " it was raising thenames of Prime Minister Haider al - Abadi."
It Azarh, it "has been selected four to five people each ministry," adding that "the rest of the names will be Trahaha to fill the deputy ministers."
The leader of the Sadrist movement, Muqtada al-Sadr announced earlier in the formation of a committee is their choice of candidates technocrats to fill the ministerial posts
Update: Ongoing Fight Against Corruption
Many of you have said to me that not enough is being done in Iraq to punish these corrupt officials for their crimes. I agree but a lot has been done too. What we really need now is for the highest gov’t officials like Maliki and his gang to have the judiciary open their files and set trials for all their crimes. We need them out of politics completely.
Why won’t they just prosecute them?
If you have been following my news letters all along you should know why. I told you some more news on this topic today. I also told you there is a coming wave that will sweep them out of politics forever. Just give the process time to work it self through. There is a plan. Let’s watch it all play out.
Isn’t this saga all very interesting to watch unfold?
IRAQI JUDICIARY SENDS 726 AN ARREST WARRANT TO INTERPOL AND INVESTIGATING THE FINANCING OF TERRORISM, ACCUSING THE COMPANIES
Twilight News / federal judiciary on Tuesday announced the organization of 726 arrest warrants against fugitives accused of corruption and sent to the International Police for the purpose of prosecution, confirmed judges specialize integrity and economic crimes, the investigation is accused of terrorism financing companies.
The judges confirmed in a press conference held by the presidency to resume Rusafa follow new mechanisms to speed up the resolution of corruption cases, as revealed on the number of cases completed recently and made it clear that senior officials were convicted and subjected to trial.
According to Judge Abdul Sattar Bayrakdar spokesman for the judiciary to "form a committee of senior judges to speed up the completion of the federal judiciary code currently in the House Rules in collaboration with the Legal Committee of Parliament", and pointed out that "Entries are laws; judicial organization and supervision of the judiciary and the Supreme Judicial Council public administration and the judiciary and the Supreme Federal Court. "
In another matter Birqadr Speaking to reporters that "the public prosecutor 726 systems warrant sending to the international police have not been implemented yet, although the 163 defendants in this Marovo places in the states added the issues."
For its part attributed the legal adviser in the public prosecutor Faten Mohsen Hadi delay in resolving the cases of corruption to the "administrative delays in the completion of investigations by inspectors general and the legal departments of the institutions and offices delayed BSA reports and answer slow circles about the value of the losses sustained."
As Hadi revealed "soon hold a meeting comprising judges of integrity and the presidency of the Public Prosecution and Investigation Department of the Integrity Commission and the Office of Financial Supervision and the offices of the inspectors and the chairman of the Parliamentary Integrity Commission to put speed up the resolution of the files of corruption according to law mechanisms."
Hadi said that "most of the files that announce forwarded to the eradication of corruption charges that they are merely being a minor infractions do not conform to the Integrity Commission Act."
In turn, draws the judge Jassim Mohammed Aboud Prime resumption of Rusafa to the lack of preventive measures to save public money, and confirms the "lack of real mechanisms to tackle corruption before the occurrence of the crime."
And as pointed out that "most of the cases of corruption in government contracts", he stressed that "the judiciary does not neglect any complaint moved in front of him and performed in accordance with law."
Iyad Muhsin ligature money laundering and economic crime in Baghdad, the judge revealed that his court check "with 37 money transfer company has dealings with hot spots on charges of financing terrorism."
He completed ligature Speaking at a press conference that "some of the defendants were being arrested, but the others were still at large."
And the proportions of completed corruption cases recently, the first judge of the court of inquiry integrity in Baghdad, Mohammed Salman said that his court resolved the "3298 issue of investigative related to corruption over the past year and 611 cases since the beginning of this year."
As Judge Jumaa al-Saadi Prime Criminal Integrity reported that his court accomplished "103 cases during the current year and 642 last year," and that "some of them related to senior officials and most of the decisions have been ratification of the Federal Court of Cassation."
In turn, Radi Fartusi misdemeanor court judge in Baghdad confirmed the integrity monitor his court "irregularities in the work of 28 banks waged," pointing out that "the elimination of forced it to pay what amounts Bzmtha timetables with fines beginning of last year."
Update: Fighting ISIS
I do not like the second article below on commentary from a group of Iraqi “volunteer forces” who “ have called on the US marines, recently deployed to the country under the pretext of fighting Daesh, to leave or they will be treated as “forces of occupation.” Really?
Sorry Maliki we don’t buy your propaganda as this article as it is one to be ignored. We all know first of all the USA military has been asked to come to Iraq. They are being given support by the government and made deals to help in fighting ISIS. The USA does not want to occupy Iraq nor does it want to be there. Who else is going to protect Iraq and remain neutral? Will you let the Iranian Kud forces do it? Will you let the Russians or Turkey do it? The USA really is the only driving force of neutrality in this fight against ISIS. I thank God everyday that the USA has the will power to still return to Iraq.
US FORCES ANNOUNCED THE CREATION OF ITS OWN MILITARY BASE FOR THE FIRST TIME SINCE RETURNING TO IRAQ
Announced the US Department of Defense Pentagon, the establishment of an independent US military base in northern Iraq, it is the first since the return of US troops to Iraq in two thousand and fourteen.
At a news summary, he said a spokesman for the international coalition Col. Steve Warren, said that the establishment of Fire Beers Bell base, in the town drunk, which lies between the cities of Mosul and Kirkuk in northern Iraq, came to provide protection to Iraqi forces and adviser to the international coalition, stressing that the presence of power at the base was at the invitation of The Iraqi government and in coordination with them.
Between Warren, that the population of the Marine force in al-Qaida is less than two hundred fighters, and they will stay there for the survival of American advisers in a drunken, stressing at the same time, that their role is limited US forces announced the creation of its own military base for the first time since returning to Iraq
IRAQ'S VOLUNTEER FORCES SAY US MARINES MUST LEAVE
Tue Mar 22, 2016
A group of Iraqi volunteer forces have called on the US marines, recently deployed to the country under the pretext of fighting Daesh, to leave or they will be treated as “forces of occupation.”
Washington announced Sunday that a detachment of the 26th Marine Expeditionary Unit, an air-ground force of 2,200 troopers, had arrived in Iraq to join the fight against the Takfiri Daesh terrorists.
“The forces of occupation are making a new suspicious attempt to restore their presence in the country under the pretext of fighting their own creation, Daesh,” Iraqi Asa’ib Al al-Haq forces said Tuesday.
US officials did not disclose the exact number of the marines that were dispatched to the Arab country.
Pentagon says there are about 3,500 American forces stationed in Iraq, a figure that according to US Army Colonel Steve Warren, stationed in the Iraqi capital Baghdad, is an underestimation.
In late February, a US official said that the US army’s elite Delta Force units were preparing for operations to target, detain or kill what is said to be the main Daesh operators in Iraq.
On Saturday the US Defense Department acknowledged the death of an American service member in Iraq’s northern region, where American forces are leading air strikes against alleged Daesh positions as part of a US-led military campaign in Iraq and Syria.
Iraq has on several occasions complained about the ineffectiveness of the aerial campaign launched by the US and its allies since June 2014.
Iraqis say a significant number of attacks have been carried out without coordination with Baghdad, increasing the likelihood of the coalition fighter jets targeting Iraqi civilians and military forces.
In mid-December last year, several Iraqi soldiers were either killed or injured by a US airstrike as they were advancing on the positions of the terrorists near Amriyat al-Fallujah, west of Baghdad.
Syria has also submitted complaint letters to the United Nations, accusing the US-led forces of huge damages to the country’s infrastructure and leaving behind many civilian casualties.
The US began withdrawing its troops from Iraq in 2007 and allegedly completed the process in 2011, eight years into a chaotic invasion of the country under the false pretext of finding weapons of mass destruction.
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,