Category: Dinar Daddy

Aggie talks about Abadi’s reforms.

Aggiedad77 …from the news…we can see that PM Abadi’s reforms…the reforms that the people demonstrate about and cheer about…the reforms that the highest religious entities in Iraq are completely in favor of…The reforms that both the COM and Parliament have thus far backed without question….these reforms are very much a part of the lava flow for Iraq…These reforms are putting in motion the very core of the magma that pushes forward in a manner that will bring about success for their economic recovery as well as the monetary reform that is imperative for all that they seek and do. Abadi is in control….remember that…yes there are what we see as loose ends but I’m of the opinion those loose ends for right now are necessary to get Abadi to the point where he truly needs to be with the reforms that we have yet to see

 

My ladies says its all about math.

My Ladies Bloomberg article: “How a Currency Crisis in Iraq Risks Fight Against Islamic State” [It appears that the two authors…are stating that the CBI will be forced to devalue the IQD. However, the CBI is saying “no way, no devaluation”.] IT’S ALL JUST MATH…OTHER EMERGING MARKETS ARE LETTING THEIR PEGS GO DUE TO PRESSURE ON THEM…I DIDN’T THINK IRAQ WAS FEELING THAT PRESSURE YET. I KNEW THE PRESSURE WOULD BE INTENSE ONCE THEY STARTED TRADING THE DINAR GLOBALLY BUT I DID NOT SEE THIS COMING. WE HAVE NO CHOICE BUT TO WATCH SO THAT’S WHAT WE’LL DO, BUT I WAS THINKING IRAQ WOULD REACT ON THE OTHER SIDE. NOT NOW. [How Do You Devalue A Currency That Is Not Tradable?] WELL…THAT’S THE QUESTION…HOW IS THERE PRESSURE IF IT’S NOT TRADING? …AND WHY DID THE CBI NOT JUST SAY WE DON’T TRADE – WE DON’T WORRY?

 

Millionday talks about the HCL.

Millionday [Are they going to redraft the HCl again and again? I thought it’s done?] THEY ARE GOING TO DIVIDE UP PORTIONS SO THAT THE NATIONAL OIL COMPANY POLICIES DO NOT HOLD UP THE REFORM PROCESS ACCORDING TO WHAT I HAVE READ. KNOW THE HCL IS BEING PUSHED IN A HURRY AND CBI HAS STATED THAT THE TIMING IS RIPE — THIS IS A VERY EXCITING TIME.

 

Turkish Ambassador In Iran

The Turkish ambassador to Tehran Reza Hakan Tekin said the President Recep Tayyip Erdogan told, in a telephone contact, with Iraqi officials, as well as Iranian President Hassan Rohani, Ankara’s intention to launch strikes against PKK positions before the start of operations.

Fars news agency quoted the Turkish ambassador as saying: “The attacks on northern Iraq to hit PKK’s sites are legitimate in the framework of self-defense.”

He added, “Turkey and Iraq signed a cooperation agreement in this area two decades ago, and the operations in northern Iraq fall in the context of this agreement,” noting that “Erdogan told Iraqi officials and Iranian President Hassan Rohani his country’s determination to do these operations before launching air strikes.

Turkey began air strikes a few weeks ago to areas in northern Iraq, where the Turkish PKK elements are stationed. / End

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Parliament Votes In Principle To Limit Mandate Of The Three presidencies

The House voted in principle on the law to approve limiting the mandate of the three presidencies.

The reporter of the National Iraqi News Agency / NINA / that the House of Representatives voted, during its meeting today, in principle to limit the mandate of the three presidencies law. / End

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Aggie talks about Maliki’s demise.

Aggiedad77 PM Abadi stood up to an Iranian General today whose sole purpose was to make a deal for Maliki to keep him out of court and prison…Abadi would not budge on the issue… IMO…step one of Maliki’s demise…Abadi proved he will not knuckle under extreme stress…but Abadi won this round…is it over…no…but Abadi knows what needs to be done. He has the backing of the Iraqi religious authority, he has the backing of the people, he has the support of COM, and he has the support of President of the Republic Masum…the ball is in his court I believe…I can’t say why he won’t arrest Maliki…but I believe his time grows short…watch what happens over the next few days… In closing and summing this all up…PM Abadi spoke today with a strength that I don’t think had previously been exhibited…he’s taking actions through his reforms…and …there are more reforms coming…pay attention to what he does…he is a very smart man and will not be outplayed…IMO.

 

Jubouri Rejects Request Of Electricity Minister

Head of the House of Representatives, Salem al-Jubouri rejected the request of the electricity minister not to attend the questioning session under the pretext of an appeal to the Federal Court.

Jubouri, during today’s session, directed an ultimatum to the Minister of Electricity in absentia and withdraw confidence from him in case he did not come later than next Saturday to answer questions of Representatives.

Jubouri said that “establishing a lawsuit by the minister of electricity does not prevent questioning him in front of representatives.” / end

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Parliament Begins Its Meeting

House of Representatives began its session on Tuesday morning under the chairmanship of Salem al-Jubouri and the presence of / 250 / MPs.

The agenda of today’s meeting includes vote on the draft law on political parties and voting in principle to a bill to limit the mandates of the three presidencies, and consider appeals on the membership of the House of Representatives and other drafts ./ End

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