NextYear

Makes me wonder why it's actually taken this long for a revaluation of their currency. If their economy and financial sector can weather this turmoil, what the hell's been the hold up with meeting all their obligations (chapter 7 and all that)?

You're welcome I understand that but one shouldn't dismiss a discussion just because it's a few days old. The discussion was more about what has led Iraq to this point.

A good analysis of Maliki and what's going on over there http://www.charlierose.com/watch/60409183

Was just asking myself the same question when reading the OP.

Jeez how much more does it take to convince them? They should have lost faith long ago. Apparently, and I'm guessing, we can safely assume that the government doesn't keep an eye (spy) on this forum or they'd be up to speed on Maliki long ago.

BAGHDAD (AP) — The spiritual leader of Iraq's Shiite majority called for a new, "effective" government Friday, increasing pressure on the country's prime minister as an offensive by Sunni militants rages on. Grand Ayatollah Ali al-Sistani's comments at Friday prayers contained thinly veiled criticism that Shiite Prime Minister Nouri al-Maliki, in office since 2006, was to blame for the nation's crisis over the blitz by the al-Qaida-inspired Islamic State of Iraq and the Levant. While Al-Maliki's State of Law bloc won the most seats in parliament in the Iraq's April 30 election, he now faces opponents bolstered by criticism Thursday from U.S. President Barack Obama. And with Iraq now asking the U.S. for airstrikes to temper the militants' advance — especially as they apparently prepared Friday to again assault the country's biggest oil refinery — al-Maliki appears increasingly vulnerable. "It is necessary for the winning political blocs to start a dialogue that yields an effective government that enjoys broad national support, avoids past mistakes and opens new horizons toward a better future for all Iraqis," al-Sisanti said in a message delivered by his representative Ahmed al-Safi in the holy city of Karbala. Al-Maliki's Shiite-led government long has faced criticism of discriminating against Iraq's Sunni and Kurdish populations. But it is his perceived marginalization of the once-dominant Sunnis that sparked recent violence reminiscent of Iraq's darkest years of sectarian warfare after the 2003 U.S.-led invasion. Iraq's newly elected parliament must meet by June 30 to elect a speaker and a new president, who in turn will ask the leader of the largest bloc to form a new government. With Iraq in turmoil, al-Maliki's rivals have mounted a campaign to force him out of office, with some angling for support from Western backers and regional heavyweights. On Thursday, their effort received a massive boost from Obama, who said: "Only leaders that can govern with an inclusive agenda are going to be able to truly bring the Iraqi people together and help them through this crisis." "We've said publicly, that whether (al-Maliki) is prime minister or any other leader aspires to lead the country, that there has to be an agenda in which Sunni, Shiite and Kurd all feel that they have the opportunity to advance their interest through the political process," the president said. An "inclusive agenda" has not been high on the priorities of al-Maliki, however. Many of al-Maliki's former Kurdish and Shiite allies have been clamoring to deny the prime minister a third term in office, charging that he has excluded them from a narrow decision-making circle of close confidants. Al-Maliki's efforts last year to crush protests by Sunnis complaining of discrimination under his Shiite-led government sparked a new wave of violence by militants, who took over the city of Fallujah in the western, Sunni-dominated province of Anbar and parts of the provincial capital, Ramadi. Iraqi army and police forces battling them for months have been unable to take most areas back. At the same time, many Iraqis complain of government corruption, the failure to rebuild the economy and too close ties with mostly Shiite Iran, a non-Arab nation that Sunni Arab states, including powerhouse Saudi Arabia, see as a threat to regional stability. Al-Maliki's troubles come as militants and soldiers fight for control of the Beiji refinery, the country's largest, some 250 kilometers (155 miles) north of Baghdad. The loss of the refinery would be a devastating symbol of the Baghdad government's powerlessness in the face of a determined insurgency hostile to the West. By late Thursday, the two sides held different parts of the refinery, which extends over several square kilometers (miles) of desert. The army officer in charge of protecting the refinery told The Associated Press on Friday that he believed the militants were regrouping to launch a new attack after his forces repelled one Thursday night. There was no immediate way to independently verify his claims. http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2014-06-20-ML-Iraq/id-28dbd7d800344f0b9a66557a42e25b9c

Thanks yota though that bit they've made available is just tiny fragment of the interview so far

I just happened to be watching the NBC Today show and this interview with John Kerry popped up and Kerry dodged the interviewer's question about PM Maliki being the problem and turned around and blamed Syria's Assad for the what's going on in Iraq. Needless to say the orange juice I was just drinking came spitting out when I heard that. Unfortunately, the interview isn't available for streaming yet but once it does I'll make sure to link it in here. This is all that's been posted from it so far http://www.today.com/news/john-kerry-promises-honor-sacrifice-iraq-vets-families-1D79823556

Now we need a way to get some of them Kurdish dinars

Al-Qaeda did say they were diverting insurgents away from Syria because it wasn't going so well for them there and diverting them to Iraq. This was a few weeks ago.

Dammit we are so close to end of this dinar ride and that damn Al-Qaida has to go around disturbing things.

Who wouldn't be unhappy with Maliki and a low currency value?

Congrats Iraq. I sure do wish you'd have launched the RV instead first. Not right for a space faring nation to have such a low valued currency. Think of what the galactic community is going to think.

Though right now Chile currency is doing a tad better than Iraq's

The goons in Baghdad are trying everyone's patience. They keep saying after every election wait for the formation of the new government and yet nothing really substantial happens. I don't blame the Kurds one bit.

http://lo-de-alla.org/2013/09/chile-an-economic-plan-drawn-up-40-years-ago/ I don't think I will last if this lasts another 40 years

IMO this really has no bearing on what we are waiting for. They've pretty much done everything that needs to be done under his rule don't forget. Everything is ready. All is needed is a word from the financial leaders that it's time and the trigger will be pulled. The bottom line is Iraq is either or it's not no matter who's in office. Though it would look much better for him in the end if the trigger is pulled to enter the global economy sooner rather than later if he intends to seek a fourth term.

Detroit

Well at least they didn't say "Soon". If that isn't some progress, I don't know what is.

Oh he will.... he will.... right out of the country

Exactly my understanding of the whole thing. The new bills were just going to be put into circulation to replace the old ones that were hanging on for dear life

Either I misunderstood something or someone in that article has got the wrong end of the stick. The way I read the previous article about this new currency was that it was not going to be dumped en mass into circulation but would be a gradual replacement as old worn out notes come into a bank and are taken out of circulation being replaced by the new ones.

That's how I've always read that. Deleting zeros from the currency and not the rate. Wording is very important. , I don't recall ever seeing it worded like that. It's always been deleting or removing the zeros from the currency and nothing about removing/replacing (except for the worn out bills) the notes and or rate change of the currency in wording. The only thing we know for sure is that they are or are already going to do is replace the old worn out bills over time with the new high security ones. However, they also printed up the high security high denomination bills 1k, 5k, 10k and 25k. Sure, they still need to replace those old worn out high denomination bills as well but I still say at this stage of the game they wouldn't be doing that (expensive) if they planned on deleting the zeros from the currency. Let me explain how I am thinking this whole thing. 1 dinar is their dollar correct me if I'm wrong. Okay, now those high denomination bills represent however many dinars it represents. Let's use 25k. So that 25k note should be, in good faith, equivalent to holding 25,000 individual dinars but who wants to carry around that many dinars. Now let's say I'm an Iraqi merchant and I don't trust banks and have a big safe in my back room where I'm keeping my profit. Since I'm sure everyone over there is dealing in high volumes of big notes, my safe is full of those 1k, 5k, 10k and 25k notes. Wake up one day and find the CBI has deleted those zeros from those high denomination bills. It slowly sinks in that I just got royally screwed. That in fact, nothing was in good faith, and those bills were never equivalent to how many individual dinars they represented and that customers who bought merchandise from me made out like epic bandits (not of their doing mind you). Basically I just got robbed big time and it wouldn't be the first time a bank has screwed people over what's one more. There would have to be a rate change first and it had better be a 1 to 1 because that's how I traded my merchandise for the currency and there would also have to be a grace period to trade in those big notes for the smaller denoms. Am I on the right track or am I a total idiot?

Oh boy thanks for the heads up. I just saw Maliki and thought it was our friend Maliki. How many Maliki's are there?