" The Dinar Daily ", Tuesday, 25 February 2014
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  1. #1

    " The Dinar Daily ", Tuesday, 25 February 2014

    * " Evict Maliki " Countdown is 64 Days until the Election *

    Currency Auctions

    Announcement No. (2610)

    The latest daily currency auction was held in the Central Bank of Iraq on the 25-Feb-2014 results were as follows:

    Details Notes
    Number of banks 20
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 165,499,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 165,499,000
    Total offers for selling (US$) -----

    Exchange rates ( 1,222 Market Rate ) *** 31 Consecutive auctions ***
    Last edited by chattels; 02-25-2014 at 02:02 PM.



  2. #2
    *** Courtesy of sczin, a work / post in progress ***

    announcement on the Iraqi Cabinet website (The Council of Ministers) Feb 23. 2014 : [tlm724] yesterday Wink General Secretariat of the Council of Ministers calls on state institutions to implement financial Altzmadtha local currency 02/23/2014 14:34 Called on the General Secretariat of the Council of Ministers and the Supreme Judicial Council, the ministries and departments not associated with the Ministry and the provincial councils and all not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars. She said the legal department at the General Secretariat of the Council of Ministers of the Office of Information and Communication said the government also included a call in the event of GATT install the necessary costs in foreign currency should be mentioned Mikablha local currency (Iraqi dinar) according to the prevailing exchange rates.
    7:23 AM [sczin11] The call came at the Notes CBI / Directorate General for private investments in this regard the fact that the national currency is the original in economic dealings in Iraq, similar to the countries of the world, as well as to deal in foreign currency, calls for the provision of foreign currency contracts signed in Iraq. http://cabinet.iq/Articl ··· ?ID=4378 [tlm724] We see the Council of Ministers stopped the use of the US dollar in all contracts within Iraq, these contracts (financial obligations) must be in IQD ! [tlm724] are you all with me so far ? [rsp1] yes [lightingcslt] tlm724 yes [Shredd] yes
    7:23 AM [sczin11] tlm724] No more foreign currency , commitment is performed exclusively in Iraqi dinars. Think of oil and infrastructure contracts and the trading and selling of oil which is currently done in USD !! Now I am not 100% positive about the petro dollars etc.. but [lightingcslt] tlm724 *hallelujah* [tlm724] It gets even better [tlm724] Within this short but oh so sweet announcement they are getting ready to ascend into the WTO ! Have a look at this ” the government also included a call in the event of GATT install the necessary costs in foreign currency should be mentioned Mikablha local currency (Iraqi dinar) according to the prevailing exchange rates.” [tlm724] GATT is this : GATT and the Goods Council The General Agreement on Tariffs and Trade (GATT) covers international trade in goods. The workings of the GATT agreement are the responsibility of the Council for Trade in Goods (Goods Council) which is made up of representatives from all WTO member countries.
    7:24 AM [sczin11] The current chairperson is Amb. Dacio CASTILLO (Honduras). The Goods Council has 10 committees dealing with specific subjects (such as agriculture, market access, subsidies, anti-dumping measures and so on). Again, these committees consist of all member countries. Also reporting to the Goods Council are a working party on state trading enterprises, and the Information Technology Agreement (ITA) Committee http://www.wto.org/engli ··· tt_e.htm [tlm724] Within the WTO requirements it states this “ HANDBOOK ON ACCESSION TO THE WTO: CHAPTER 5 Substance of Accession Negotiations “Working Parties have been careful to respect the competence of the IMF” [tlm724] and ” They have, for instance, focussed on knowing whether applicants are members of the IMF and whether they have accepted Article VIII of its Articles of Agreement which provides that “no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international
    7:24 AM [h-spot] Baxter1243 Just readin what you said above....Did they just sent you this email out of the blue? And if so, have/do they know about your involvment with the dinar?
    7:24 AM [sczin11] transactions”. They have been particularly concerned that foreign exchange controls may be used to regulate the level and composition of trade in goods and services.” http://www.wto.org/engli ··· p1_e.htm [tlm724] See not only are they positioning themselves for the final push into the WTO they are also preparing to accept the requirements for Article VIII of the IMF ! [tlm724] As you are aware Article VIII has the following requirements : Article VIII: General Obligations of Members Section 3. Avoidance of discriminatory currency practices No member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices
    7:25 AM [MichelleL] geez, i missed it - goodmorning all and baxter what did i miss?* *
    7:24 AM [sczin11] transactions”. They have been particularly concerned that foreign exchange controls may be used to regulate the level and composition of trade in goods and services.” http://www.wto.org/engli ··· p1_e.htm [tlm724] See not only are they positioning themselves for the final push into the WTO they are also preparing to accept the requirements for Article VIII of the IMF ! [tlm724] As you are aware Article VIII has the following requirements : Article VIII: General Obligations of Members Section 3. Avoidance of discriminatory currency practices No member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices

  3. #3
    Parliament resumes its session

    25/02/2014 12:06:00

    BAGHDAD / NINA / Council of Representatives resumed its sessions this afternoon, headed by Osama Nujaifi, in the presence of 170 MPs.

    It is scheduled the House of Representatives resumes its tenth meeting on Tuesday 25, Feb, which includes, the vote on the draft law of social protection , and the vote on the draft of the labor law, as well as the first reading of other proposed laws./

    http://www.ninanews.com/english/News...ar95_VQ=GMLJHF

    and, earlier :

    Parliament session adjourned for lack of quorum

    25/02/2014 11:49:00

    BAGHDAD / NINA / House Speaker, Osama al-Nujaifi adjourned the Council's meeting half an hour for lack of quorum.

    It is scheduled the House of Representatives resumes its tenth meeting on Tuesday 25, Feb, which includes, the vote on the draft law of social protection , and the vote on the draft of the labor law, as well as the first reading of other proposed laws.

    It is mentioned that this is not the first time of adjournment of the meeting and then postponed because of a lack of quorum . The reason for the breach quorum is by the boycott of the Kurdistan Alliance and Motahedoon coalitions to the meetings of the Council .

    http://www.ninanews.com/english/News...ar95_VQ=GMLJGF
    Last edited by chattels; 02-25-2014 at 01:46 PM.

  4. #4
    State of Law MP accuses Kurds of being behind non- enactment the oil and gas law

    25/02/2014 08:28:00

    BAGHDAD / NINA / MP, of the State of Law coalition, Ali al-Shilah accused the Kurds of being behind not legislating the oil and gas law , which was completed in 2007."

    He told the National Iraqi News Agency / NINA / "The government has completed the oil and gas law since 2007 , but the Kurds have exercised considerable pressure for the lack of legislation and approval the law," noting that " the consequences of any dispute between the center and the region cannot be solved only with direct dialogue ."

    He added that " the Kurds should stay away from putting veto on the government and the budget and they should take in their consideration that the Kurdish Iraqi citizen equals the citizen in Basra and other cities of Iraq."

    The Kurdish politicians and lawmakers have denied, many times, that they are the cause of the failure of approve the oil and gas law .

    The Kurdish MP, of the oil and energy committee, Qassim Mohammed said that " the reason of the dispute between Baghdad and Erbil on the energy profile is the absence of oil and gas law ," pointing out that "the law will define the powers and responsibilities of each party ."

    http://www.ninanews.com/english/News...ar95_VQ=GMLILI

  5. #5
    Iranian ambassador denies any arms deal with Iraq.

    25/02/2014 13:34:00

    BAGHDAD / Nina /-- Iranian ambassador in Iraq, " Hassan Danaii far denied in a press statement today any arms deal between Tehran and Baghdad providing on export arms to Iraq, as reported by the U.S. administration.

    Spokeswoman for the U.S. State Department " Jennifer Bsaki " has confirmed that the U.S. administration learned of the existence of such a deal through special reports.

    The United States expressed concern about press reports that talked about Iraq conclusion of a contract for the purchase of weapons from Iran worth of 195 million dollars.
    Bsaki stressed that if Tehran send any weapons to a third country is a " direct violation of no1747 UN Resolution, which imposes an arms embargo on Iran, asking the Iraqi government to clarify the matter.

    She ended by saying :" The United States recently sent shipments of weapons included missiles / Hellfire / weapons and hundreds of small and large quantities of ammunition, small arms , ammunition, tanks, worth of 15 billion dollars.

    http://www.ninanews.com/english/News...ar95_VQ=GMLJMG

  6. #6
    Parliament endorses Social Security law draft

    Tuesday, 25 February 2014 14:20

    Baghdad (AIN) –The parliament endorsed the Social Security Law during its Tuesday session.

    Parliamentary source stated to AIN "The parliament voted on the 35 articles of the draft law of Social Security and endorsed it."

    http://www.alliraqnews.com/en/index....tical&Itemid=2

  7. #7
    CoM Secretariat concludes 33 international pacts in 2013

    Tuesday, 25 February 2014 13:57

    Baghdad (AIN) –The Secretariat of the Council of Minister excluded 33 international pacts in 2013.

    A statement by the CoM Secretariat received by AIN cited "The pacts included many sectors such as the cultural, educational, scientific, economic, legal, commercial and social in addition to some other fields."

    http://www.alliraqnews.com/en/index....tical&Itemid=2

  8. #8
    Barzani to the Turkish ambassador: We want to solve the problems with Baghdad through dialogue


    Arbil / NINA / The head of the Kurdistan Regional Government , Nichervan Barzani said the province wants to resolve all problems with Baghdad through dialogue .

    He added, during a meeting with the Turkish ambassador in Iraq, Farouk Kaamakja , according to a statement to the provincial government , " the federal government has no right to use the employees' salaries as political pressure against the Kurdistan region ," stressing : "The Kurdistan region will not return back again."

    The statement noted : "The two sides discussed the relations of the province and the federal government with Turkey , and discussed opening new border crossings between the Kurdistan region and Turkey , in addition to discuss the work and projects of Turkish companies in the region and Iraq in general and the expansion of flights between the region and Turkey."

    He added, : "The security situation in Iraq, the developments in Anbar province and a number of other areas as well as the upcoming elections and the political process in Iraq was also discussed in the meeting ."

    http://www.ninanews.com/english/News...ar95_VQ=GMLJJL

  9. #9
    MP: calls to convene a special Parliamentary session to host al-Maliki, al-Dulaimi and the army chief of staff to discuss the situation in Anbar.

    25/02/2014 13:17:00

    BAGHDAD / Nina /--Head of Iraqiya Slate parliamentary bloc MP ,Salman al-Jumaili for Mottahidoon Lilislah coalition called on today to convene a parliamentary special session hosting Prime Minister General Commander of the Armed Forces Nouri al-Maliki, Minister of Defense by interim Saadoun al-Dulaimi, army chief of staff, ministers of Displacement and Migration and of Human Rights to discuss the status of Anbar.

    Jumaily stressed during a press conference held in the parliament building and attended by a number of MPs for Mottahidoon coalition "that if not resorted to dialogue which led to a peaceful solution the crisis of Anbar will get more and more complicated./

    http://www.ninanews.com/english/News...ar95_VQ=GMLJLG

  10. #10
    K A, calls on the federal government to retreat from the decision of deduction of Kurdistan share by financial Ministry.

    25/02/2014 16:41:00

    BAGHDAD / Nina /-- Kurdistan Alliance, criticized the federal government , and the Ministry of Finance , to send the budget to the parliament loaded with a lot of problems that could not be solved by the cabinet , demanding a quick solutions to disagreements.

    The vice president of Kurdistan Alliance bloc MP Mohsen Saadoun called during a press conference held at Parliament House in the presence of the Kurdistan Alliance MPs on the federal government to retreat from the decision of deduction of Kurdistan share provided in 2014 national budget by financial Ministry.

    http://www.ninanews.com/english/News...ar95_VQ=GMLKHH

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