IRAQ CONSIDERS POSSIBLE TRIAL OF FORMER PRIME MINISTER MALIKI
Parliament referred a report to the prime minister and a public prosecutor.
Posted: 08/17/2015 02:00 PM EDT
CREDIT: KHALID MOHAMMED/ASSOCIATED PRESS)Iraq's Vice President and former Prime Minister Nouri al-Maliki, smiles during an interview with The Associated Press in Baghdad, Iraq, Monday, Feb. 2, 2015.
BAGHDAD, Aug 17 (Reuters) - Iraq's parliament on Monday referred to the public prosecutor a report calling for the trial of former Prime Minister Nuri al-Maliki and dozens of other top officials over the fall of Mosul to Islamic State last year, lawmakers said.
In the most dramatic step yet to provide accountability for the loss of nearly a third of the country's territory, the assembly endorsed the report that found security and political leaders responsible for the loss of the city.
Their possible trial, combined with Prime Minister Haider al-Abadi's campaign to reduce Iraq's patronage system, risks further polarizing Iraqi politics.
But it could also help restore confidence in the government, especially among Sunni Muslims marginalized by Maliki's divisive politics, and rebuild a security establishment riven with graft and incompetence.
Abadi, a moderate Shi'ite who has promised to seek reconciliation with Sunnis, launched an ambitious campaign last week aimed at transforming a system that has deprived Iraqis of basic services while undermining government forces in the battle against Islamic State.
The panel's report alleges Maliki had an inaccurate picture of the threat to the northern city because he chose commanders who engaged in corruption and failed to hold them accountable.
There has been no official accounting for how Mosul was lost, or of who gave the order to abandon the fight. Maliki has accused unnamed countries, commanders and rival politicians of plotting the city's fall.
Maliki, whose vice president position was canceled last week by Abadi's reforms, did not comment on the accusations during a visit to Iran that began before the report's release. In Tehran he met Vice President Eshaq Jahangiri.
It was not clear when - or if - Maliki would return to Baghdad, and his office refused to comment.
[Update on Project to Delete the Zeros]
For everyone concerned about Iraq completing the “project to delete the zeros” here is some news that is real and truthful, no hype or sensationalism (for guru agendas). Could it be that the PTB are now seeing what they need to see the level of security from Iraq? These reforms too are part of the decision to decide also to let the RV finally go?
How can they issue these BONDS international without an RV? Who the hell is going to buy them at the 1160 rate? Do they know something we don’t?
They tried implementing the tariffs and customs and failed – due to not having a currency.
They tried to issue these international bonds and failed – due to not having a currency.
They rolled out the ISX (Iraqi Stock Exchange) and who wanted to invest and it failed? – due to not having a currency.
So all these plans to try to recover their economy and all met with failure in the past. Why?
Will they make the same mistakes again?
So below I am presenting 3 articles. No hype just the facts. They are telling us now this is what they intend to do.
These 3 articles are interconnected and all came out at about the same time. Coincidental?
Can you connect the dots?
I recommend you read all 3 articles very carefully since I will have follow up on them in the future news letters and I will not present them again but will refer to them.
Article #1 Begins:
IRAQ USES GLOBAL TO BANKS TO ISSUE INTERNATIONAL BONDS QAMNHA SIX BILLION DOLLARS
Long-Presse / Baghdad
Detect global site specializing economic news, Tuesday, for use of Iraq universal to banks to issue bonds international worth six billion dollars, returned it the first time carried out by Iraq such a move a decade ago to reduce the worsening fiscal deficit suffered by the size, while the view British economic analyst, that Iraqi oil production registered record levels, likely enable him to overcome the financial crisis if another rise in oil prices is what happened.
The transfer site Bloomberg Bzenz Bloomberg Business US economic news, an official at the Central Bank of Iraq, as I followed the (long-Presse), saying that "Iraq used the world to banks to issue international bonds worth six billion dollars for the first time in a decade in order to reduce the worsening fiscal deficit size who suffers from it.
The director of the investment department at the Central Bank of Iraq, Munir Mohammed Imran, in an interview with Bloomberg Bzenz Bloomberg Business US economic news, followed up (range Press), he said that "the government has identified both the Citigroup Foundation Citigroup Inc banking services, and the Bank of Deutsche Bank AG German, with JP Morgan JP Morgan US banking services, for use to issue international bonds worth six billion dollars, "noting that" the bond program will be in the form of payments, will go first is for sale during the current year 2015 ".
According to the site, that "Iraq, which includes the largest oil reserves in the world's fifth, seeks to strengthen the financial abilities amid difficult challenges represented by the war department in the country against al Daash, in conjunction with the sharp drop in world oil prices," expected to "inform the fiscal deficit in Iraq ratio During 2015, about 10 percent of gross domestic product because of the collapse of oil prices with high military effort expenses associated with the deterioration of the security situation in the country. "
Meanwhile, a British economic analyst, Anthony Saimund, from Aberdeen financial institution, according to the site by Bloomberg, said that "Iraq is now going through some economic difficulties caused by the war with al Daash," adding, "But oil production registered a high record levels, has undergone a significant change on the If these conditions are another rise in oil prices it has occurred. "
The Finance Minister, Hoshyar Zebari, said in (the 22 of June 2015), the determination of Iraq issuance of five billion dollars worth of bonds, to cover the budget deficit caused by low oil prices and the war with (Daash).
The media sources recently revealed the use of the Iraqi government in all of JP Morgan, Citibank and Deutsche Bank to arrange the first bond issue in nine years in order to cover the budget deficit, indicating that Zebari and Iraqi officials others met with the three banks and institutions of credit rating Fitch and Moody's ( 16th of June 2015) to arrange it.
These sources also quoted Iraqi Minister of Finance, it is likely to start promoting those bonds, the end of July or early August 2015, in preparation for the issuance thereafter, stressing that every "thing going on the right track
Article #2 Follows:
REVIVED A LONG-DELAYED PLAN TO REDENOMINATE THE IRAQI DINAR
Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes — a 50,000 dinar note before the end of this year and 100,000 banknote next year — and canceling small ones.
This month, bond rating agency Fitch gave Iraq its first rating, calling it "B-" with a stable outlook. The rating agency forecast a double-digit fiscal deficit for 2015 due to lower oil prices, higher military spending and war costs.
Article #3 Follows:
US NEWS & WORLD REPORT - IRAQI SELLING INTL BONDS AND REDOMINATING CURRENCY
"Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds and $2 billion for domestic banks — to narrow the deficit. It introduced initiatives to impose new excise and consumption taxes. It also secured a $1.7 billion in loans from the World Bank and a $833 million loan with the International Monetary Fund.
Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department"
REMEMBER THIS – I am not fabricating this news or telling you its coming from some “secret” sources from boots on the ground.
No hype about an RV tomorrow. Read is all for yourselves.
Its facts and coming direct from Iraq and some USA news sources. You can connect the dots for yourselves.
I don’t need to feed you some BS and I think you are all responsible dinarians by now. I hope so…..
Peace and Luv To Ya All,