Dinarland Highlights for April 29, 2016

Dinarland Highlights - 4.29.16

mike

From CBI - "(Depositing RTGS) Given the performance of Imam Moussa Kazem visit decrees (p). Your deposits will be window sale of foreign currency for the days 11,10,9,8 may/2016 Wednesday and Thursday 5,4 may , respectively."

This is another great move. In the past when someone deposited funds in an Iraqi bank for wire transfer, the funds would remain for five to ten days and then the receiving bank would get the funds. It slowed down business transactions and helped create the money trading companies. Once this is in place it will all but eliminate the MTC's [Money Transfer Companies] who were profiting off the dysfunction of the private banks. All future deposits and transfers will happen in real time, no more lengthy delays. Step by step, Iraq is moving forward with measures to join the international banking community.
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rcookie

Article quote:

"...Close to him: Abadi, will resign from his party...for the latter to inform them that he is thinking to resign from the Dawa Party, which is headed by Nuri al-Maliki..."

SO...ABADI THINKING OF RESIGNING FROM DAWA PARTY...BECAUSE AFTER COMPLETING CABINET RESHUFFLE...HE IS OPENING MALIKI CORRUPTION FILES!...THERE YOU GO! SO HE IS DISTANCING HIMSELF FROM THE MALIKI STENCH! HE HAS ALWAYS BEEN SERIOUS ABOUT HIS JOB...THE REFORMS AND CHANGES HAVE BEEN HISTORICAL...IT IS ABOUT CLIMATE...ENVIRONMENT AND TIMING...IMO...WE ARE WITNESSING HISTORY...HE WILL GO DOWN AS ONE OF THE GREATEST STATESMAN AND REFORMISTS WHO CHANGED THE CULTURE OF A NATION...
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BGG

...the back and forth in Parliament over the last couple of weeks was mostly generated by Maliki...it looks like they will get the rest of the Abadi GOI voted in soon...once this happens, it effectively closes the door on Maliki's immunity.
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rcookie

REPORTS SAY SATURDAY...ABADI DEMANDING ALL MPS REPORT TO COUNCIL TO COMPLETE CABINET RESHUFFLE...
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Aggiedad77

[Frank26: Team is at “Code Red” and have been for awhile.]

we await the sandstorm of all sandstorms that will leave them with a new image....the corrupt shall be pushed aside and scrubbed from where they have stood for too many years...in will walk the fresh new representation for Iraq...
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wmawhite

"The United Kingdom’s Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents."

now I must ask...how can UK's businesses take advantage of the opportunities in Iraq UNLESS the GBP can move freely into and out of Iraq...as with the requirements of IMF Article 8? Folks... remember...we can not argue about the facts...FACT: United Kingdom businesses are being encouraged to get into Iraq now!
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Islandg1211

Today, we see articles on:

1) LAWS: (Amnesty) scheduled to get done

2) MINISTERS: Abadi's remaining Ministers expected to get voted in.

3) SHIITE PARTY SHAKE-UP: Political Party Departure by Abadi: Abadi looking to re-shuffle the political parties

4) MALIKI INVESTIGATION FILE OPENED: Abadi possibilty preparing to open up the investigation of Maliki's plant in the fall of Mosul

5) ARRESTS: Arrests for some involved with the withdrawal of troops when ISIS invaded Mosul.

6) US VICE PRESIDENT: VP Bidon making an unannounced visit, meeting with Abadi and having a photo op today.

7) US SEC of TREASURY: Jack Lew in Baghdad.

8) US SEC of DEFENSE: Ash Carter in Baghdad

9) CLOSURE: Government is shutting down Tuesday.
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Mountainman

Article:

"Iraq “one of the Biggest Investment Opportunities"

Quote:

"This economic reform cannot take place without developing the country’s private sector, because that in turn will help bring about stability and prosperity. “Despite all the challenges, Iraq offers one of the greatest investment opportunities in the region."

AWESOME...MAY DAY...MAY DAY...ANYONE...???...ARTICLE (8)...How can You {TAP} the International Market? Unless ONE is INTERNATIONAL...??? IMO.
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Aggiedad77

I'm liking your summation of news and events today...to the point..it paints an exciting picture for us to take into the upcoming weekend...exciting times no doubt.
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Islandg1211

Interesting that today we see a published picture of VP Biden shaking PM Abadi's hand. Us old timers will well remember when the VP didn't even leave the Baghdad airport. We've come a long way since those days. IMO this photo op, and the timing of it, is very positive, indicting the full support the US is giving Abadi, and Iraq's PM accepting the US support. VP, Sec of Defense, and Sec of Treasury all in Baghdad. This is so historical. "I'm so excited! And I just can't hide it!"
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Poppy3

GOSH HAD NEWS ALL DAY...THIS IS FURTHER CONFIRMATION THEY ARE LINING UP TO COMPLETE REFORM ON TIME AND THAT TIME ACCORDING TO THE IMF IS IN THE FIRST HALF OF 2016 WHICH IS BETWEEN NOW AND THE VERY END OF JUNE...REPORTS FROM GOOD SOURCES ARE TELLING ME THEIR HASN'T BEEN ANY MESSAGE OF ANY DATES FOR CHANGE AFTER OUR INDEPENDENCE DAY. IF THIS AND THE HUGE AMOUNT OF NEWS DON'T HAVE YOUR FIRE BURNING WITH EXCITEMENT FRIEND YOUR WOOD IS WET. R U READY?
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wmawhite

Article quote:

"Euphrates News visited by US Vice President Joe Biden on Thursday Baghdad and met with Prime Minister Haider al-Abadi, as discussed with him political developments and security, and economic."

this is a fact...the leg work with putting together a "deal" whether political or financial is acccomplished by the worker bees...the deputies, staff members. You only bring out the big guns to seal the deal/agreement. IMO...this is significant. VP Biden is not just stopping by to take in the sights.
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BGG

Article quote:

"After the completion of the ministries are going to change the grades, and private bodies, and positions by proxy,"

they are saying that once they deal with these Ministries on Saturday - they are going to look into the other Ministries - particularly those "by Proxy" - (THE CBI)...
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rcookie

[...with all the progress we have seen I am very happy...smile...]

OIL IS UP...INFLATION IN CHECK..."NON OIL REVENUE" GOALS BEING MET...LOANS PROCURED...BOND PROGRAMS SOLD OUT AT MAX...EURO BOND PROGRAM LAUNCHING IN JUNE (AS PER 2016 BUDGET)...RECONSTRUCTION LOANS (ALSO FROM BUDGET)...IDB (ISLAMIC DEVELOPMENT BANK)...JICA (JAPAN)...CHINA...US...AND EVEN THIS MORNINGS NEWS OF GDB (GERMAN DEVELOPMENT BANK)...97% COMPLETION OF RECONSTRUCTION & PRIVATIZATION OF SOB ( A COMPLEX WB PROJECT ONGOING SINCE 2006) ALONG WITH MASSIVE PROGRESS IN THE OTHER 192 SOE'S...OIL LICENSE CONTRACTS UNDER AUDIT...SUPERLATIVE PERFORMANCE IN IMF STAFF MONITORED PROGRAM...AND PREPARATION FOR SBA AND ACCEPTANCE OF ARTICLE VIII OBLIGATIONS....
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Islandg1211

Tomorrow is going to Big with Blessings!! ...Because last Fall the PTB became committed to Iraq...IMO. US military was sent back to deal with ISIS and liberate Mosul, Fallujah, Ramadi, Tikrit, Anbar region. Liberation is Here! It is Now. IMF and the CBI made a plan for Iraq's Monetary Reform in November. It's Done. IMO it was targeted for yesterday, and coordinated with Jack Lew last week. It was picked up by Biden, signed off by the BIS (according to Frank), yesterday, given to the IMF, waiting for the CBI's big reveal, and the UST release of the rate. Tomorrow, we will see Abadi's remaining Ministers voted in. Tomorrow, we very well could see more arrests including Maliki. Good Bye Allak and Maliki and Hello Shabibi's RV. Gold and Oil have been loosened from the USD and PTB to allow their respective prices to increase to a targeted range (IMO.) Yes, Virginia, there really was a Date and a Rate. It's called a plan.

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