Iraqi Dinar Revaluation and Global Currency Reset News
~ Dinar Chronicles
Al-Sistani gives Maliki a week to step down.
The top Shi'ite cleric in Iraq, Ali al-Sistani has dilvered a verbal message to the outgoing Prime Minister , Nuri al-Maliki, telling him that he should step down from his post during a week to make room for to choose an alternative and end the crisis in the formation of the government.
The religious Marjaa waved that he will announce his frank position against al-Maliki if the week ended and the latter did not respond to the message, according to Elaph Website that said briefed about this information from a source close to the Marjaa.
Maliki seek to fill the office for the third time in a row, especially after State of law coalition come the first in the elections that took place at the end of April with 95 seats, ahead of about 60 seats for its nearest rival.
But he faces stiff opposition from Sunnis and Kurds he parties in the National Shia coalition as those parties blame it on the massive offensive of the Islamic State of Iraq and Levant “ISIL” organization on the north and west of the country.
According to the close source to the religious Marjaa , an envoy has brought a verbal message from the highest religious Marjaa, Al- Sistani to Prime Minister , Nuri al-Maliki on the need to solve the problem of the Shiite National coalition’s candidate to head the new government to choose the alternative to him within one week, otherwise they will announce a position publicly against his third term.
However, the relentless attack of ISIL last month raised wide fears within the country and outside it from Iraq's collapse and fragmentation into parts which prompted religious Marjaa to call to take up arms to fight the militants and tens of thousands responded to the call.
Marjiyaa stressed to Maliki, according to the report, seen by "Shafaq News" that “ this position comes is consistent with the positions of other political blocs opposed to give Mailki a third term, and that he does not have national consensus.
Marjiyaa has warned of the risks of the continued absence of nomination of candidates for the three presidencies of the Republic, the parliament and the government on the situation in the country, which is witnessing security, and political crisis that threatens disintegration of Iraq.
It is believed that Maliki's insistence to hold office prevents the formation of the next government, despite repeated calls by Marjiyaa on the need to accelerate the formation of government to face ISIL.
The source noted that al-Maliki began to be sure that the whole political atmosphere is going against his desire for a third term.
Al-Sistani’s Office had denied last Wednesday what some of the media has said about Sistani’s son, Mohammad Retha that there are no red lines on any candidate for prime minister.
A close source to the office said that "what was attributed to Mr. Mohammad Retha al-Sistani or to the office through some channels on the lack of red lines on any candidate for prime minister is not true," which was interpreted as the possibility of Marjiyaa to object any candidate for the presidency of the next government.
While that's certainly true, the perceptions and fears of human kind are what need to be mitigated, imo, that will happen very quickly once the goi is seated and fair representation of the sects is accomplished. How long that will take is another thing. I have a feeling it won't take long. Gov Turki has things just where he wants them.
[Do you believe no RV with M [Maliki] around?]
We can only go on what the CBI has stated and if the translation is correct, Turki made reference to when the government is decided and that is open to translation. Does anyone really think that Iraq is going to keep to value of the IQD at 1166 when they are going to be the richest country in the region? So if you believe they will or they need to increase the value of the IQD, does it matter to the CBI who is the PM? I don't think so, just my opinion.
It may very well be that the Board of Directors of the CBI are waiting for the formation of the government regardless of who is the PM. Have you noticed that the CBI has continued with the reforms of the banking system...they do not sit still. Besides my thoughts/opinions about the CBI...I too believe that the different blocs will not agree to a government if Maliki is still there. I believe an all-inclusive GOI is in their future. (I think/hope that they are ready... get Turki a GOI and he will give us the RV.) Agreed.
I CAN'T HELP BUT SIT BACK AND SMILE AS I KNOW IT'S RIGHT HERE ... ANY MOMENT.
"The stability of the dinar exchange shares in maintaining the prices of goods"
"The exchange rate of the dinar in 1220 dinars banking offices in the official exchange rate of 1166 dinars and the price is stable, as the increase up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh."
Glad to see Saleh confirm the 2% spread. As well, he makes a very solid statement that the Iraqi dinar would be considered a "hard currency" if not for the absence of mechanisms...which to me means open the currency to the world (Article VIII) and a new Exchange Regime (they must get off the peg and on to some sort of float)...only currencies that float are considered "hard currencies".
The last few days of CBI news does give me more optimism about the banking system. For sure the CBI is pressing forward to prepare for the day of Article VIII and a new Exchange Regime. We just need the rest to fall into place.