(Thank you George for emailing this so Recaps can post it.)
MNT GOAT NEWS LETTER Edition: UU6921 Dated: April 6, 2016
Title: “A New CBI Governor Is Coming Shortly”
Hello Everyone,
This is a very long news letter today since there is just so much news to report. The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first.
Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
MNT GOAT NEWS LETTER Edition: UU6921 Dated: April 6, 2016
Title: “A New CBI Governor Is Coming Shortly”
Hello Everyone,
This is a very long news letter today since there is just so much news to report. The news is all very good and moving Iraq in the direction we need to see them mover. Remember I am still hearing there is a plan for currency reform geared to begin (or continue) the “deletion of the zeros” project in mid April by the launching of the lower denominations. I see this on track but only if we see the needed events taking place first.
Our main focus right now should be to watch for the announcement of the new CBI governor and I fully believe it will be Dr. Shabibi. So what do you think he will do once he is “officially” acting governor again? I believe he will continue the plan of currency reform much of were he left off in 2012.
NO Hype, NO Rumors, just the FACTS.
Today’s News
Today is Wednesday April 6th 2016. Still no RV.
Update: Economy
Do you remember I told you all along that the CBI had to change governor in order to get our RV? Did you read my last news letter dated April 4th ? (LINK) If not please first go back and read it today prior to reading in full what I am about to bring you in this section of my news letter.
Do you remember I told you on Monday that my source in the CBI told me over the weekend that this change in leadership of the CBI could happen as early as this week and we are then very close to a revaluation of the currency, since it is Dr Shabibi that holds the knowledge and mechanisms of how to orchestrate it.
Proof this CBI change is coming shortly-
Okay – You want proof? Knowing all this, as I stated above, does it surprise you that a leading political figure like Mohammed Tawfiq Allawi is running a series of articles on the topics of achievements and failures as he compares the monetary policies of Dr. Shabibi and Mr Ali Keywords. This is the third such article as of lately and it concentrates more on Dr Shabibi this time. The next one (episode III) will talk more about Mr Ali Keywords. So stay tuned for that soon.
So all this information being pumped out into the public is not so much for us since the content in these articles we have heard many times already. However it is instead for the overage citizen and business owner in Iraq. They are trying to build up the confidence level for the CBI once again. They preparing the people for acceptance of Dr Shabibi coming back. Just the fact that they are printing these articles and generating them in the first place is telling us something very important. I know I was in the intelligence corps in the US Army and I know how this propaganda stuff works so listen up what I am telling you today.
Did you find it curious in the timing of this article? How its come out very soon after I published that news letter of 4/4?
This to me was a confirmation from the GOI of what I was just told over this past weekend by my CBI contact about the imminent change of command in the CBI. Please read the article below carefully. I highlighted parts that may be of special interest to you.
First let’s establish the author of the article. So who is Mohammed Tawfiq Allawi anyway?
Mohammed Tawfiq Allawi is an Iraqi politician who is the Minister of Communications in the Iraqi Government and was also Minister of Communications in the Al Maliki government from May 2006 until August 2007. He is the cousin of Ayad Allawi who founded the opposition Iraqi National Accord and went on to be the interim Prime Minister of Iraq from 2004 to 2005. A member of the Sunni-backed Iraqiyya bloc, said he had submitted his resignation and is thought to be the first member of the Maliki national unity government to resign since it was formed in 2010.
Did I hear Minister of COMMUNICATIONS?
So what is the job of minister of communications? Is it not to inform the people of government news?
Need I say anything more?
So is he one of the “good guys” or “bad guys”?
Yes of course we all should look at Mohammed Tawfiq Allawi as one of the honest, experienced and qualified politicians in Iraq, a “good guy”.
Please read this very interesting article below.
Article Begins
Monday April 4, 2016 - 12:00
ALLAWI COMPARES MONETARY POLICY TO DR. SHABIBI AND MR. ALI KEYWORDS
By: Mohammed Tawfiq Allawi (Episode II)
MOHAMMED TAWFIQ ALLAWI REPLIED TO A MESSAGE KEYWORDS SECTION II
Orbit news – Sadun this topic quite frankly , and I will to Anjazatkma both of you and Akhvaqatkma without courtesy, so I ask again from both of you handle a spirit of sportsmanship with what I will say in order to reach the correct foundations for planning policy of economic sound to avoid the negative effects of what will face the country’s difficult economic conditions due to lack of resources and the large number of obligations at this difficult stage for the advancement of the country and save the citizens of the great suffering seemed to highlight her features, but policies that can revive the lives of citizens and make them live in Raghad live, happiness and prosperity mode, and make the country heading towards progress, development and prosperity, and that not so long ago, nations of the region , such as Jordan, Lebanon and Turkey highlight the progress and development milestones and prosperity with the knowledge that these countries do not have their governments tenth of what Iraq possessed of natural resources such as Turkey , for example , but less than one percent of the natural resources to Iraq possessed for what is owned by Jordan and Lebanon, all of that is due to the situation economic and monetary policies of the right of a country without waste or corruption or wasteful, and even though he found some corruption can be compared to what is happening in Iraq is not. (Monetary policy to Dr. Shabibi) great credit for many aspects of the development is due in the Iraqi banking system and monetary policy in the current day to Dr. Shabibi with failures must be addressed and taken up below.
The biggest accomplishment of Dr. Shabibi is to create a sophisticated banking system , I can say from scratch for the economic system is free with the field open to a group of private banks and currency exchange freely and freedom of conversion and the opening credits, clearing the electronic part of an open market compared to the regime banking Central Socialist past, I’ve consisted of monetary policy developed by Dr. Shabibi six axes task will be described below, namely:
1. to maintain the fixed price of the currency compared to the previous stage , which was the currency in which deteriorate its value day after day without the presence of selectors, has proved to currency rate by asymptotic for 1500 dinars to the dollar a year (2003) after it was nearly 3,000 dinars per dollar and remained that price steady until the year (2006), where he was raising the price of the dinar gradually until the dollar stood at less than 1200, it has been to this boarding second Iraqi dinar negative effects on the industry and agriculture in Iraq, hauling agricultural and industrial products to neighboring countries cheaper than their counterparts in Iraq, I spoke with Dr. Shabibi this regard he answered me that he is responsible for monetary policy, and the consequences of the advancement of the industrial and agricultural sector kits is located within the economic policy of the country and not in the monetary policy, and economic policy of the country should be placed by the government, not there is the presence in Iraq of the concept of economic policy of the country during the previous period, particularly the eight years of the rule of al – Maliki , and even now, even raise the value of the dinar was under the guidance of the government to the Central Bank without studying or planning or estimate of the results, you may accept this justification in part, but also it is known that monetary policy coherent economic and financial policy, and the negative impact on the agricultural and industrial monetary and economic policies axioms sector, and this point is calculated on the government , which took the action, and I was part of the government objected at the time to this procedure, but (not the opinion of those who not obeyed) where I was the minister of communications and does not take my opinion on the side of monetary policy, but with this succeeds Dr. Shabibi in maintaining the price of the Iraqi dinar, and increased local and international confidence in Iraqi dinars, and these are all positive aspects of not conducting revaluation of the exchange rate of the dinar in 2006 – 2007 which the government bears the greatest responsibility for this procedure as well as the responsibility of Dr. Shabibi, but to a lesser degree.
2. take a policy to find and secure the central bank reserve cover of Iraqi currency from foreign gold coins and maintain it, Dr. Shabibi have been able to provide the amount of eighty exceeded billion dollars as a reserve cover of the Iraqi dinar during the nine years of his central bank management, and this is one of the most important achievements of Dr. Sinan Shabibi at all, it was unfortunately wasted nearly half that amount because of ill – conceived policies during the previous two years.
3. take the necessary measures for the establishment of an Iraqi civil banking system, where the Iraqi banking sector is dominated by State – owned banks in the absence of domestic banks only on a narrow and limited level, the problem in Iraq is not their lack of expertise in this area, but the lack of capital Iraqi sufficient for the establishment of community banks, it was a political Dr. Sinan lack of demand , starting with a large capital for the establishment of the bank, and the Central bank with the help of private banks to advance and make a profit by raising bank interest rate and created dozens of new private banks, but do not take these steps because it is possible the emergence of Iraqi banks ownership Iraqi, but it was natural that the branches in Iraq to banks , non – Iraqi arise, and thanks to Dr. Shabibi, Moreover, the policy has led to the generation of the confidence of the Iraqi banks and the civil people began deposit their money where the benefits of a high and they are confident of them during his reign.
4. maintaining a uniform discharge between the official rate of discharge of the Central Bank and the rate of discharge parallel currency market outside of the central bank with a simple commission teams calculated naturally to the bank rate as in the various countries of the world, Dr. Sinan’ve managed to keep this fact since he took responsibility in 2003 until mid-2011 as demand increased abnormally on the dollar because of the blockade imposed on Iran because of the bloody events in Syria, it has been required from the central bank ‘s management that the dollar offer by market need, lest utilized speculators and those who have the power of politicians and pay high bribes to get a greater proportion of dollars to be discharged into the parallel price outside the central bank big profits, and these profits are calculated on the expense of the citizen, he bought the corrupt politicians and is calculated on them dollars at a few of the central bank, then sell it a high price in the parallel currency market, and traders are buying at a high price , credited the difference on various imported materials, Vistvid politicians is going on in Vllekem at the expense of the citizen, he told me Dr. Sinan there are recommendations by some decision – makers working in a bank that does not increase the offer but asked me not to mention their names, and I am committed to his application does not remind them , but Dr. Sinan had wanted to cancel this difference Viouhd price again, but grew up within a few months enriched category tremendously because of this difference, they sought to overthrow Dr. Sinan and take it out of the bank, and it was al – Maliki wants him out because he did not respond to him on the loan requested from the reserve the central bank, Vajtmat the desire of the two teams and fabricated false charges against Dr. Shabibi was acquitted later, the absence of two prices to the dollar , at least during the period of eight years and is considered a major feature distinct achievement of the policy of Dr. Shabibi.
5. control inflation, where inflation has reached more than 33% in 2006, and managed by Dr. Sinan his policy wise decline of inflation to less than 3% in 1010.
6. The role of follow – up and implementation of the decisions of the Paris Club, the Paris Club has achieved the greatest economic and financial achievement for Iraq during its modern history, where Iraq was under a great burden of debt amounted to about 140 billion dollars, triple’ve managed to Dr. Iyad Allawi as prime minister , and Adel Abdul Mahdi as finance minister , and Dr. Shabibi as governor of the Central Bank interact with many of the countries that they have expensive debt against Iraq to the waiver by about 80% of that debt, which they were able to provide the amount of more than 100 billion dollars, unfortunately remember now grand theft, but are not the major achievements which are equivalent to thefts in importance addressed, but perversely, it is true that the role of Dr. Shabibi was not politically where the political role of the biggest act in the drop this amount of large debts of Iraq , represented by Dr. Iyad Allawi , primarily Dr. Adel Abdul – Mahdi class The second and then Dr. Shabibi follower and CEO of these decisions, should the Iraqi people do not forget what we achieved this trio of very great service to the country and citizens, which is the opposite of what politicians Subsequent steal money from this underdog people.
Article Ends
Having read the article above about Dr Shabibi’s accomplishments let us look again at the responsibilities of the CBI governor, as of at least March 28, 2011, the official web site of the CBI states:
MANDATE
“The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.”
The CBI web site further states that the functions of the CBI in addition to the primary objectives mentioned above include:
Now can you relate the accomplishments by DR Shabibi, as stated by Mohammed Tawfiq Allawi to these objectives of the CBI? He is trying to make a point as I am too in this section of my news letter. Can you see how messed up the monetary policy is as we read these articles over the last year. How Allaq is inexperienced and unable to meet these mandates, especially in these difficult times for Iraq. Folks this is part of the problem for Iraq, a huge factor in their economic crisis. How can the IMF possibly even thing about turning on the currency with all this corruption in the CBI? It must be resolved first!
Article Begins
US CONGRESS DELEGATION SHOWS HIS COUNTRY’S READINESS TO HELP IRAQ RETURN STOLEN MONEY OUT OF THE COUNTRY
04/04/2016
{Baghdad: Euphrates News} Prime Minister Haider al-Abadi met in his office on Monday, a delegation from the US Congress, headed by Chairman of the Foreign Relations Committee in the US House of Representatives Aadord Royce, and membership of an MP in Congress Louis Frankel, the presence of US Ambassador Stuart Jones.
A statement from al – Abadi Office received by the agency {Euphrates News} a copy of it on Monday, said that “al – Abadi discussed with US Congress delegation to strengthen bilateral relations between the two countries, and the war against terror Daash gangs, the political situation and security in Iraq and the region.”
The statement added that ” the delegation expressed support for the reforms carried out by the Prime Minister in light of the significant challenges faced by Iraq, including the financial crisis as a result of the collapse of oil prices, and the war on terror gangs. ”
And the statement that” Congress , expressed his country ‘s readiness to help Iraq return stolen his money outside Iraq, in addition to supply Iraq with needed expertise in the fight against corruption, and the enactment of laws that limit corruption. ”
The statement said that” the two sides affirmed to facilitate the movement of investments to Iraq; to advance Bbnah infrastructure “, stressing his support for the unity and sovereignty of Iraq.
Article Ends
We know that Iraq or any nation for that matter can not become a “full” member of the WTO unless they have an tradable, international currency. The must be in article 8 as a UN member nation status.
Article Begins
TRADE PARTICIPATING IN THE WORKSHOP TO MEET THE CHALLENGES OF THE ACCESSION TO THE WORLD TRADE ORGANIZATION
4/5/2016
The Ministry of Commerce has announced its participation in the workshop of the private sector, organized by the United Nations Conference on Trade and Development (Alounoctad) and in cooperation with the Ministry of Industry, Trade and Supply of Jordan and Amman Chamber of Commerce, which was held in the Jordanian capital Amman for the period from 4 to 7 a month this April.
Said Hashim Mohammed Hatem, Director General of the Department of Foreign Economic Relations Vice-President of the National Commission on Iraq's accession to the World Trade Organization, would head the Iraqi delegation said the purpose of participating in this workshop is to inform the Iraqi private sector on the Jordanian experience in the field to meet the challenges that keep pace with the process of accession to the Organization global trade and post-accession.
He explained that this workshop provides a forum for the exchange of views between the Iraqi private sector and the private sector of Jordan, and includes the workshop heads of commercial and industrial unions, contractors and Business Council and businessmen as well as members of the National Committee to join and employees to join in the Ministry of Commerce files, and they are met by the Jordanian side of the Chamber of Commerce and Industry Oman and Jordan, customs and others.
He stressed that this review comes in the framework of support for Iraq in the process of joining the World Trade Organization.
Article Ends
Article Begins
MINISTER OF CONSTRUCTION AND HOUSING AND PUBLIC MUNICIPALITIES TAREQ KIKHANY SIGN A CONTRACT WITH THE WORLD BANK FOR THE RECONSTRUCTION OF EIGHT SPECIAL PROJECTS FOR ROADS AND BRIDGES SECTOR IN THE PROVINCES OF DIYALA, SALAHUDDIN
4/5/2016
Signed by the Minister of Construction and Housing and public municipalities Tareq Kikhany a contract with the World Bank to finance the reconstruction of a devastating eight projects of roads and bridges sector in the provinces of Diyala, Salahuddin after their liberation in the presence of Undersecretary Eng Dara Hassan Rashid Yara.
The Minister said that these projects constitute the first phase of the allocated to the ministry and will be followed by other stages of the World Bank loan which will be carried out under the supervision of roads and bridges department and implementation of Assyria companies and Mutassim and Hammurabi and FAO as Assyria, the company will implement the maintenance project 20 km from the Khanaqin - oil box in Diyala and Emaar bridges Alharonih projects small and large in Diyala, will be carried out public Mutasim company project bridges Cheshin in Salahuddin and project the breasts bridge in Diyala in public Ahamoraba company will implement the project maintenance 42.5 km from the oil-box - Mandali in Diyala and Emaar bridges River Iron Narain and the concrete in Diyala Inc. FAO engineering project will be carried out reconstruction of bridges small and large Dhuluiya in Salahuddin and the reconstruction of bridges project forward Luis 4 and 7 in Diyala.
For his part, Mr. eighth agent Jhodalsid minister in his quest to be the corporate ministry in the initial implementation of these projects and thus contribute to the advancement of the work of these companies and the stability of their capacity to complement the rest of the other stages of the special projects of the World Bank.
In a related development, Mr. Esam Abbas, Director General of Roads and Bridges Department, "said the authority supervising the implementation of these projects," The signing of the contract today represents a major achievement for the ministry by all standards due to the fact that the ministry has fulfilled all its obligations and calibrated for the conditions of the World Bank and quickly in record time, noting that these projects formed a great challenge and an incentive to complete the special stages of the World Bank projects.
Article Ends
Update: 45 Day Deadline for Technocratic Gov’t
The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government, citing the need to work on the completion of a "comprehensive change and an end to the quota system."
So in reading the article below at least we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate.
Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. Watch, wait and see that Mnt Goat is right…lol…lol..
This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
Today’s News
Today is Wednesday April 6th 2016. Still no RV.
Update: Economy
Do you remember I told you all along that the CBI had to change governor in order to get our RV? Did you read my last news letter dated April 4th ? (LINK) If not please first go back and read it today prior to reading in full what I am about to bring you in this section of my news letter.
Do you remember I told you on Monday that my source in the CBI told me over the weekend that this change in leadership of the CBI could happen as early as this week and we are then very close to a revaluation of the currency, since it is Dr Shabibi that holds the knowledge and mechanisms of how to orchestrate it.
Proof this CBI change is coming shortly-
Okay – You want proof? Knowing all this, as I stated above, does it surprise you that a leading political figure like Mohammed Tawfiq Allawi is running a series of articles on the topics of achievements and failures as he compares the monetary policies of Dr. Shabibi and Mr Ali Keywords. This is the third such article as of lately and it concentrates more on Dr Shabibi this time. The next one (episode III) will talk more about Mr Ali Keywords. So stay tuned for that soon.
So all this information being pumped out into the public is not so much for us since the content in these articles we have heard many times already. However it is instead for the overage citizen and business owner in Iraq. They are trying to build up the confidence level for the CBI once again. They preparing the people for acceptance of Dr Shabibi coming back. Just the fact that they are printing these articles and generating them in the first place is telling us something very important. I know I was in the intelligence corps in the US Army and I know how this propaganda stuff works so listen up what I am telling you today.
Did you find it curious in the timing of this article? How its come out very soon after I published that news letter of 4/4?
This to me was a confirmation from the GOI of what I was just told over this past weekend by my CBI contact about the imminent change of command in the CBI. Please read the article below carefully. I highlighted parts that may be of special interest to you.
First let’s establish the author of the article. So who is Mohammed Tawfiq Allawi anyway?
Mohammed Tawfiq Allawi is an Iraqi politician who is the Minister of Communications in the Iraqi Government and was also Minister of Communications in the Al Maliki government from May 2006 until August 2007. He is the cousin of Ayad Allawi who founded the opposition Iraqi National Accord and went on to be the interim Prime Minister of Iraq from 2004 to 2005. A member of the Sunni-backed Iraqiyya bloc, said he had submitted his resignation and is thought to be the first member of the Maliki national unity government to resign since it was formed in 2010.
Did I hear Minister of COMMUNICATIONS?
So what is the job of minister of communications? Is it not to inform the people of government news?
Need I say anything more?
So is he one of the “good guys” or “bad guys”?
Yes of course we all should look at Mohammed Tawfiq Allawi as one of the honest, experienced and qualified politicians in Iraq, a “good guy”.
Please read this very interesting article below.
Article Begins
Monday April 4, 2016 - 12:00
ALLAWI COMPARES MONETARY POLICY TO DR. SHABIBI AND MR. ALI KEYWORDS
By: Mohammed Tawfiq Allawi (Episode II)
MOHAMMED TAWFIQ ALLAWI REPLIED TO A MESSAGE KEYWORDS SECTION II
Orbit news – Sadun this topic quite frankly , and I will to Anjazatkma both of you and Akhvaqatkma without courtesy, so I ask again from both of you handle a spirit of sportsmanship with what I will say in order to reach the correct foundations for planning policy of economic sound to avoid the negative effects of what will face the country’s difficult economic conditions due to lack of resources and the large number of obligations at this difficult stage for the advancement of the country and save the citizens of the great suffering seemed to highlight her features, but policies that can revive the lives of citizens and make them live in Raghad live, happiness and prosperity mode, and make the country heading towards progress, development and prosperity, and that not so long ago, nations of the region , such as Jordan, Lebanon and Turkey highlight the progress and development milestones and prosperity with the knowledge that these countries do not have their governments tenth of what Iraq possessed of natural resources such as Turkey , for example , but less than one percent of the natural resources to Iraq possessed for what is owned by Jordan and Lebanon, all of that is due to the situation economic and monetary policies of the right of a country without waste or corruption or wasteful, and even though he found some corruption can be compared to what is happening in Iraq is not. (Monetary policy to Dr. Shabibi) great credit for many aspects of the development is due in the Iraqi banking system and monetary policy in the current day to Dr. Shabibi with failures must be addressed and taken up below.
The biggest accomplishment of Dr. Shabibi is to create a sophisticated banking system , I can say from scratch for the economic system is free with the field open to a group of private banks and currency exchange freely and freedom of conversion and the opening credits, clearing the electronic part of an open market compared to the regime banking Central Socialist past, I’ve consisted of monetary policy developed by Dr. Shabibi six axes task will be described below, namely:
1. to maintain the fixed price of the currency compared to the previous stage , which was the currency in which deteriorate its value day after day without the presence of selectors, has proved to currency rate by asymptotic for 1500 dinars to the dollar a year (2003) after it was nearly 3,000 dinars per dollar and remained that price steady until the year (2006), where he was raising the price of the dinar gradually until the dollar stood at less than 1200, it has been to this boarding second Iraqi dinar negative effects on the industry and agriculture in Iraq, hauling agricultural and industrial products to neighboring countries cheaper than their counterparts in Iraq, I spoke with Dr. Shabibi this regard he answered me that he is responsible for monetary policy, and the consequences of the advancement of the industrial and agricultural sector kits is located within the economic policy of the country and not in the monetary policy, and economic policy of the country should be placed by the government, not there is the presence in Iraq of the concept of economic policy of the country during the previous period, particularly the eight years of the rule of al – Maliki , and even now, even raise the value of the dinar was under the guidance of the government to the Central Bank without studying or planning or estimate of the results, you may accept this justification in part, but also it is known that monetary policy coherent economic and financial policy, and the negative impact on the agricultural and industrial monetary and economic policies axioms sector, and this point is calculated on the government , which took the action, and I was part of the government objected at the time to this procedure, but (not the opinion of those who not obeyed) where I was the minister of communications and does not take my opinion on the side of monetary policy, but with this succeeds Dr. Shabibi in maintaining the price of the Iraqi dinar, and increased local and international confidence in Iraqi dinars, and these are all positive aspects of not conducting revaluation of the exchange rate of the dinar in 2006 – 2007 which the government bears the greatest responsibility for this procedure as well as the responsibility of Dr. Shabibi, but to a lesser degree.
2. take a policy to find and secure the central bank reserve cover of Iraqi currency from foreign gold coins and maintain it, Dr. Shabibi have been able to provide the amount of eighty exceeded billion dollars as a reserve cover of the Iraqi dinar during the nine years of his central bank management, and this is one of the most important achievements of Dr. Sinan Shabibi at all, it was unfortunately wasted nearly half that amount because of ill – conceived policies during the previous two years.
3. take the necessary measures for the establishment of an Iraqi civil banking system, where the Iraqi banking sector is dominated by State – owned banks in the absence of domestic banks only on a narrow and limited level, the problem in Iraq is not their lack of expertise in this area, but the lack of capital Iraqi sufficient for the establishment of community banks, it was a political Dr. Sinan lack of demand , starting with a large capital for the establishment of the bank, and the Central bank with the help of private banks to advance and make a profit by raising bank interest rate and created dozens of new private banks, but do not take these steps because it is possible the emergence of Iraqi banks ownership Iraqi, but it was natural that the branches in Iraq to banks , non – Iraqi arise, and thanks to Dr. Shabibi, Moreover, the policy has led to the generation of the confidence of the Iraqi banks and the civil people began deposit their money where the benefits of a high and they are confident of them during his reign.
4. maintaining a uniform discharge between the official rate of discharge of the Central Bank and the rate of discharge parallel currency market outside of the central bank with a simple commission teams calculated naturally to the bank rate as in the various countries of the world, Dr. Sinan’ve managed to keep this fact since he took responsibility in 2003 until mid-2011 as demand increased abnormally on the dollar because of the blockade imposed on Iran because of the bloody events in Syria, it has been required from the central bank ‘s management that the dollar offer by market need, lest utilized speculators and those who have the power of politicians and pay high bribes to get a greater proportion of dollars to be discharged into the parallel price outside the central bank big profits, and these profits are calculated on the expense of the citizen, he bought the corrupt politicians and is calculated on them dollars at a few of the central bank, then sell it a high price in the parallel currency market, and traders are buying at a high price , credited the difference on various imported materials, Vistvid politicians is going on in Vllekem at the expense of the citizen, he told me Dr. Sinan there are recommendations by some decision – makers working in a bank that does not increase the offer but asked me not to mention their names, and I am committed to his application does not remind them , but Dr. Sinan had wanted to cancel this difference Viouhd price again, but grew up within a few months enriched category tremendously because of this difference, they sought to overthrow Dr. Sinan and take it out of the bank, and it was al – Maliki wants him out because he did not respond to him on the loan requested from the reserve the central bank, Vajtmat the desire of the two teams and fabricated false charges against Dr. Shabibi was acquitted later, the absence of two prices to the dollar , at least during the period of eight years and is considered a major feature distinct achievement of the policy of Dr. Shabibi.
5. control inflation, where inflation has reached more than 33% in 2006, and managed by Dr. Sinan his policy wise decline of inflation to less than 3% in 1010.
6. The role of follow – up and implementation of the decisions of the Paris Club, the Paris Club has achieved the greatest economic and financial achievement for Iraq during its modern history, where Iraq was under a great burden of debt amounted to about 140 billion dollars, triple’ve managed to Dr. Iyad Allawi as prime minister , and Adel Abdul Mahdi as finance minister , and Dr. Shabibi as governor of the Central Bank interact with many of the countries that they have expensive debt against Iraq to the waiver by about 80% of that debt, which they were able to provide the amount of more than 100 billion dollars, unfortunately remember now grand theft, but are not the major achievements which are equivalent to thefts in importance addressed, but perversely, it is true that the role of Dr. Shabibi was not politically where the political role of the biggest act in the drop this amount of large debts of Iraq , represented by Dr. Iyad Allawi , primarily Dr. Adel Abdul – Mahdi class The second and then Dr. Shabibi follower and CEO of these decisions, should the Iraqi people do not forget what we achieved this trio of very great service to the country and citizens, which is the opposite of what politicians Subsequent steal money from this underdog people.
Article Ends
Having read the article above about Dr Shabibi’s accomplishments let us look again at the responsibilities of the CBI governor, as of at least March 28, 2011, the official web site of the CBI states:
MANDATE
“The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.”
The CBI web site further states that the functions of the CBI in addition to the primary objectives mentioned above include:
- To implement the monetary policy and the exchange rate policy for Iraq.
- To hold gold and manage the state reserves of gold.
- To issue and manage the Iraq currency.
- To establish, oversee, and promote a sound and efficient payment system.
- To issue licenses or permits to banks and to regulate and supervise banks as further specified by the Banking Law.
- To carry out any related ancillary tasks or transactions within the framework of Iraqi law.
- Maintaining inflation stability
- Implementing monetary policy (including exchange rate policies)
- Managing the state's reserves
- Issuing and managing the Iraqi dinar
- Regulating private banks
Now can you relate the accomplishments by DR Shabibi, as stated by Mohammed Tawfiq Allawi to these objectives of the CBI? He is trying to make a point as I am too in this section of my news letter. Can you see how messed up the monetary policy is as we read these articles over the last year. How Allaq is inexperienced and unable to meet these mandates, especially in these difficult times for Iraq. Folks this is part of the problem for Iraq, a huge factor in their economic crisis. How can the IMF possibly even thing about turning on the currency with all this corruption in the CBI? It must be resolved first!
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US CONGRESS DELEGATION SHOWS HIS COUNTRY’S READINESS TO HELP IRAQ RETURN STOLEN MONEY OUT OF THE COUNTRY
04/04/2016
{Baghdad: Euphrates News} Prime Minister Haider al-Abadi met in his office on Monday, a delegation from the US Congress, headed by Chairman of the Foreign Relations Committee in the US House of Representatives Aadord Royce, and membership of an MP in Congress Louis Frankel, the presence of US Ambassador Stuart Jones.
A statement from al – Abadi Office received by the agency {Euphrates News} a copy of it on Monday, said that “al – Abadi discussed with US Congress delegation to strengthen bilateral relations between the two countries, and the war against terror Daash gangs, the political situation and security in Iraq and the region.”
The statement added that ” the delegation expressed support for the reforms carried out by the Prime Minister in light of the significant challenges faced by Iraq, including the financial crisis as a result of the collapse of oil prices, and the war on terror gangs. ”
And the statement that” Congress , expressed his country ‘s readiness to help Iraq return stolen his money outside Iraq, in addition to supply Iraq with needed expertise in the fight against corruption, and the enactment of laws that limit corruption. ”
The statement said that” the two sides affirmed to facilitate the movement of investments to Iraq; to advance Bbnah infrastructure “, stressing his support for the unity and sovereignty of Iraq.
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We know that Iraq or any nation for that matter can not become a “full” member of the WTO unless they have an tradable, international currency. The must be in article 8 as a UN member nation status.
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TRADE PARTICIPATING IN THE WORKSHOP TO MEET THE CHALLENGES OF THE ACCESSION TO THE WORLD TRADE ORGANIZATION
4/5/2016
The Ministry of Commerce has announced its participation in the workshop of the private sector, organized by the United Nations Conference on Trade and Development (Alounoctad) and in cooperation with the Ministry of Industry, Trade and Supply of Jordan and Amman Chamber of Commerce, which was held in the Jordanian capital Amman for the period from 4 to 7 a month this April.
Said Hashim Mohammed Hatem, Director General of the Department of Foreign Economic Relations Vice-President of the National Commission on Iraq's accession to the World Trade Organization, would head the Iraqi delegation said the purpose of participating in this workshop is to inform the Iraqi private sector on the Jordanian experience in the field to meet the challenges that keep pace with the process of accession to the Organization global trade and post-accession.
He explained that this workshop provides a forum for the exchange of views between the Iraqi private sector and the private sector of Jordan, and includes the workshop heads of commercial and industrial unions, contractors and Business Council and businessmen as well as members of the National Committee to join and employees to join in the Ministry of Commerce files, and they are met by the Jordanian side of the Chamber of Commerce and Industry Oman and Jordan, customs and others.
He stressed that this review comes in the framework of support for Iraq in the process of joining the World Trade Organization.
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MINISTER OF CONSTRUCTION AND HOUSING AND PUBLIC MUNICIPALITIES TAREQ KIKHANY SIGN A CONTRACT WITH THE WORLD BANK FOR THE RECONSTRUCTION OF EIGHT SPECIAL PROJECTS FOR ROADS AND BRIDGES SECTOR IN THE PROVINCES OF DIYALA, SALAHUDDIN
4/5/2016
Signed by the Minister of Construction and Housing and public municipalities Tareq Kikhany a contract with the World Bank to finance the reconstruction of a devastating eight projects of roads and bridges sector in the provinces of Diyala, Salahuddin after their liberation in the presence of Undersecretary Eng Dara Hassan Rashid Yara.
The Minister said that these projects constitute the first phase of the allocated to the ministry and will be followed by other stages of the World Bank loan which will be carried out under the supervision of roads and bridges department and implementation of Assyria companies and Mutassim and Hammurabi and FAO as Assyria, the company will implement the maintenance project 20 km from the Khanaqin - oil box in Diyala and Emaar bridges Alharonih projects small and large in Diyala, will be carried out public Mutasim company project bridges Cheshin in Salahuddin and project the breasts bridge in Diyala in public Ahamoraba company will implement the project maintenance 42.5 km from the oil-box - Mandali in Diyala and Emaar bridges River Iron Narain and the concrete in Diyala Inc. FAO engineering project will be carried out reconstruction of bridges small and large Dhuluiya in Salahuddin and the reconstruction of bridges project forward Luis 4 and 7 in Diyala.
For his part, Mr. eighth agent Jhodalsid minister in his quest to be the corporate ministry in the initial implementation of these projects and thus contribute to the advancement of the work of these companies and the stability of their capacity to complement the rest of the other stages of the special projects of the World Bank.
In a related development, Mr. Esam Abbas, Director General of Roads and Bridges Department, "said the authority supervising the implementation of these projects," The signing of the contract today represents a major achievement for the ministry by all standards due to the fact that the ministry has fulfilled all its obligations and calibrated for the conditions of the World Bank and quickly in record time, noting that these projects formed a great challenge and an incentive to complete the special stages of the World Bank projects.
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Update: 45 Day Deadline for Technocratic Gov’t
The Parliament Speaker Salim al-Jubouri called, in the (April 2, 2016), the parliamentary blocs to take its role in the study of names provided by the Prime Minister Haider al-Abadi to fill ministerial posts in the new government, citing the need to work on the completion of a "comprehensive change and an end to the quota system."
So in reading the article below at least we now see some progress as the ball is in the court of parliament to review and ratify the candidates presented to them last Thursday by Abadi. Sadr has stated they have a deadline of 10 days to review them. This puts us to 4/10, next Monday for completion of this mandate.
Having said that I fully and strongly believe the next move by Sadr after the cabinet reshuffle in done will be to go after all those politicians who have corruption files on them that are now frozen (confined) in the green zone. Nori al-Maliki and his goons being on the top of his list. Watch, wait and see that Mnt Goat is right…lol…lol..
This seems the only way these criminals can be brought to justice in the current political situation. Iraq does not have years to play around with all the reforms they need to make. The IMF, WTO and World Bank wants to move this country forward and do it now.
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PARLIAMENTARY COMMITTEES REJECTS A NUMBER OF CANDIDATES TO THE MINISTRY OF ABADI
Balances News
04/05/2016 00:44 pm (Baghdad time)
It revealed a number of lawmakers, on Monday evening, the day that the competent committees held meetings today to discuss the resumes and the acceptability of the candidates in the cabin Prime Minister Haider al-Abadi technocrats and presented by the parliament last week that the committee concluded to reject a number of candidates after their assessment.
He said the Integrity Committee member of the parliamentary Akeel al-Zubaidi that "the Higher Education Commission rejected candidate for the Ministry of Higher Education Abdul Razak al-Issa in the legal committee rejected a candidate for the Ministry of Justice Mohammed Nasrallah, as the Finance Committee rejected the candidate refused the Ministry of Finance Ali Abdul Amir Allawi."
He also pointed out that "the Youth and Sports Committee refused to integrate the Ministry of Youth and Sports with the Ministry of Culture as well as it rejected the candidate Akil Mahdi."
ADRID also refused to integrate the ministry as well as the rejection of the candidate and the fulfillment of Jafar.
The Education Committee has rejected the candidate Ali al-Jubouri candidate withdrew with the Ministry of Oil and the Ministry of candidate.
With regard to the candidate of the Ministry of Foreign controversial Sharif Ali Bin Al-Hussein MP Akeel al-Zubaidi, it was stated that the committee rejected while MP Dhafer al-Ani said in a commentary that "most members of the Foreign Relations Committee said the seriousness of observations concerning the incompatibility of the requirements of independence and professional technocrats Sharif Ali Bin Al Hussein and his faith in the political system as long as carrying the banner of a constitutional monarchy, but no nomination was rejected, but the Commission's view the need to update the information about the candidate and meet him directly. "
As said a source in the government's / balances News / he "contacted the Committee on Relations and said they did not reject the candidate but had asked to meet him because the CV provided to them when some things that need to be clarified and they sent the book to the presidency Benoit where their position regarding the biography of the candidate and want to meet him to put their vision Last".
While MP Sabah al-Tamimi said, "confirmed the Commission services discussed resumes and candidate contacted the Ministry of Transport and he has been to ask questions directly to him directly but are surprised by the apology for the nomination by saying that he does not have the ability and experience in the field of the Ministry of Transport."
But a source in the prime minister confirmed L / balance News / that no one of the candidates withdrew his candidacy and said, "There is no withdrawal until now did not report any of the candidates of his withdrawal."
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I want to show (in an article news) the disunion of some of these parties and how they do not want to cooperate and later make wrongful accusations against the GOI. I am doing this so you can understand and get the BIG picture as to what is going on politically with Abadi’s cabinet reshuffle.
PARLIAMENTARY COMMITTEES REJECTS A NUMBER OF CANDIDATES TO THE MINISTRY OF ABADI
Balances News
04/05/2016 00:44 pm (Baghdad time)
It revealed a number of lawmakers, on Monday evening, the day that the competent committees held meetings today to discuss the resumes and the acceptability of the candidates in the cabin Prime Minister Haider al-Abadi technocrats and presented by the parliament last week that the committee concluded to reject a number of candidates after their assessment.
He said the Integrity Committee member of the parliamentary Akeel al-Zubaidi that "the Higher Education Commission rejected candidate for the Ministry of Higher Education Abdul Razak al-Issa in the legal committee rejected a candidate for the Ministry of Justice Mohammed Nasrallah, as the Finance Committee rejected the candidate refused the Ministry of Finance Ali Abdul Amir Allawi."
He also pointed out that "the Youth and Sports Committee refused to integrate the Ministry of Youth and Sports with the Ministry of Culture as well as it rejected the candidate Akil Mahdi."
ADRID also refused to integrate the ministry as well as the rejection of the candidate and the fulfillment of Jafar.
The Education Committee has rejected the candidate Ali al-Jubouri candidate withdrew with the Ministry of Oil and the Ministry of candidate.
With regard to the candidate of the Ministry of Foreign controversial Sharif Ali Bin Al-Hussein MP Akeel al-Zubaidi, it was stated that the committee rejected while MP Dhafer al-Ani said in a commentary that "most members of the Foreign Relations Committee said the seriousness of observations concerning the incompatibility of the requirements of independence and professional technocrats Sharif Ali Bin Al Hussein and his faith in the political system as long as carrying the banner of a constitutional monarchy, but no nomination was rejected, but the Commission's view the need to update the information about the candidate and meet him directly. "
As said a source in the government's / balances News / he "contacted the Committee on Relations and said they did not reject the candidate but had asked to meet him because the CV provided to them when some things that need to be clarified and they sent the book to the presidency Benoit where their position regarding the biography of the candidate and want to meet him to put their vision Last".
While MP Sabah al-Tamimi said, "confirmed the Commission services discussed resumes and candidate contacted the Ministry of Transport and he has been to ask questions directly to him directly but are surprised by the apology for the nomination by saying that he does not have the ability and experience in the field of the Ministry of Transport."
But a source in the prime minister confirmed L / balance News / that no one of the candidates withdrew his candidacy and said, "There is no withdrawal until now did not report any of the candidates of his withdrawal."
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I want to show (in an article news) the disunion of some of these parties and how they do not want to cooperate and later make wrongful accusations against the GOI. I am doing this so you can understand and get the BIG picture as to what is going on politically with Abadi’s cabinet reshuffle.
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