Post By Tlar Emailed To Recaps
Tlar: I am afraid that the dinar will not happen this year. October has a chance but I am thinking January 2016 is most likely more realistic.
Abadi, the prime minister is in the process of cleaning house of all the corrupt politicians that Maliki had put in place.
Maliki himself will most likely be on trial soon as they are preparing charges against him. But this is Iraq and anything can happen.
The IMF and WB both have put conditions on Iraq that they must clean house and get rid of corruption and pass the money laundering law by October 1st.
Its an uphill battle but all the religious guys including Hakin, Sadr and al-Sistani are behind Abaidi and his reforms. Parliament voted unanimously to support a list of things in support of Abadi and his reforms going so far as giving him the power to eliminate the parliament itself and start over.
Abadi has relieved the three presidencies abolishing them altogether. Allawi, Maliki and Najaifi are all supposedly out of a job and are no longer considered a part of the government. All three have refused to go away so that will be another fight for Abadi.
He is also trying to get rid of the head of the Judiciary, Maliki's guy and has intentions to replace the head of the CBI. He wants all qualified technocrats running all positions in government and has stated publicly that he will give the jobs to the most qualified people paying no attention to secular quotas.
The reforms are meant to get rid of corruption in Government and to punish corrupt officials that have been stealing the society blind for the last 8 years under Maliki.
The reforms are also intended to recoup the stolen funds and right the wrongs under Maliki. This includes most of the politicians over there. The people in Iraq are solidly behind him and are demonstrating in the streets supporting his reforms.
My only fear is as they start to prosecute the bad guys, they will try to assassinate Abadi, but Abadi has stated publicly that he will see the reforms through even if it costs him his life which to me smells of his getting death threats. Prosecutions and arrests are already being made.
Over 300 people including politicians are no longer allowed to leave the country. Arrest warrants are being issued to round up the corrupt. On a good note...
...the CBI admitted in an article that they had planned to implement but postponed deleting the zeros four times in the last four years.
Maliki had put up so many obstacles and roadblocks culminating in an arrest warrant on Shabibi. Ultimately while PM Maliki did arrest a lot of the top guys running the CBI including Saleh, Shabibi's right hand man. Abadi exonerated Saleh and made him his personal economic adviser.
So Abadi is doing all the right things but because Maliki is trying to thwart his every move and kill the reforms, the going is slow.
Abadi will get the reforms done and will clean the government of all the corrupt officials as long as he is not killed. We will eventually see our RV that should have happened as far back as 2010.
Iraq has no choice if they are to ever open their economy which they desperately need to do.
If Abadi can get the requirements of the IMF and the WB done by October there is still a possibility we could see it then but that's a tall order. I think it will more than likely be January. Tlar