" The Dinar Daily ", Sunday, 25 May 2014
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Thread: " The Dinar Daily ", Sunday, 25 May 2014


    
  1. #1

    " The Dinar Daily ", Sunday, 25 May 2014

    It is EVICT MALIKI DAY + TWENTY - FIVE (25) or " E - M DAY + 25 ".

    *** NO CURRENCY AUCTION RESULTS POSTED SINCE THURSDAY, 22 MAY 2014 : Official holiday in Baghdad to mourn Imam Al-Kadhim ??? ***

    Electoral Commission: next Thursday, the last date for the receipt of complaints from political blocs

    Baghdad / Iraq News Network - The Electoral Commission for elections next Thursday, the last date for the receipt of complaints from the political entities on the results of the legislative elections. Said the spokesman of the Commission chroma-Moussawi told a news briefing: "The Commission will publish on Monday the results of the parliamentary elections in official newspapers as the last a special day to publish the results of the elections according to the law. "added al-Moussawi said:" The Commission will give political entities three more days expires next Thursday at the latest to receive all complaints. " He noted the spokesman of the Independent Higher Commission for Elections chroma-Moussawi said that "the judiciary will wait to complaints within a period of ten days." And legislative elections were held on the thirtieth of last month and the line where the Iraqis finest epic violet witnessed by the whole world, and won the National Alliance, more than half of the seats Parliamentary winning 173 seats out of 328 total seats in the new parliament.

    http://translate.google.com/translat...00%26bih%3D782

    The Iraq Elections Result: Maliki’s Complicated Win

    by Reidar Visser

    The uncertified result of Iraq’s parliamentary elections, released by the election commission today, cannot be described as anything other than a victory for the incumbent prime minister, Nuri al-Maliki.


    The question now, however, is what Maliki can do with this impressive victory.

    " ...... the election result will be submitted for legal certification. In 2010, that process lasted more than 2 months, significantly delaying the process of government formation. Symptomatically, ISCI has already signaled that it may challenge the counting of the votes ........... "

    http://gulfanalysis.wordpress.com/20...mplicated-win/

    AND

    " ..... despite the superiority of Maliki’s electoral coalition, the competing Shiite forces, the Kurds and the Sunnis, are together able to form a comfortable majority to prevent Maliki from remaining in office. "......................

    Maliki likely fears that if he rushes to do business with parties outside the Shiite alliance, his Shiite rivals would do the same and that they may have a better chance to win over the Kurdish and Sunni forces, because there is a general consensus among them to not keep Maliki in power.

    At the same time, the rest of the Shiite groups fear that this consensus is not solid enough to withstand discussing the details, and that going alone to the Kurdish and Sunni forces may put them in a weak bargaining position and make them appear responsible for breaking Shiite unity.

    An important factor here are the choices that the Sunni and Kurdish forces will make. If the Sunnis and Kurds rush to form ethnic and sectarian alliances, then the Shiite alliance may do the same.

    Some are proposing scenarios such as replacing Maliki with another figure from the State of Law Coalition as a compromise to ensure the continuation of the Shiite alliance. Yet, such a solution may come at a later stage, after the favored options by most parties have been exhausted. What is certain now is that a harsh negotiating season will begin as the conflict moves from its electoral aspect into the closed negotiating rooms and deals among the elite.

    http://www.al-monitor.com/pulse/orig...#ixzz32WLRErmd

    and TODAY :

    Kurdish Bloc Advises Erbil Must Insist on Charter Before Talks with Baghdad

    By RUDAW

    ERBIL, Kurdistan Region –
    The autonomous Kurdistan Region must insist on a charter for the Iraqi council of ministers, limiting the powers of the prime minister, before starting talks on possible participation in a new government in Baghdad, according to a group of Kurdish parliamentarians.

    “This is so that no one else in the future can make all decisions by himself in the council of ministers,” Muayad Tayib, former spokesman of the Kurdistani bloc in the Iraqi parliament, told Rudaw. “The cabinet must have a clear charter,” he said.

    “Up to this moment the council of ministers is working without a charter,” said Tayib. “But if a charter spells out clearly that the prime minister can only decide after the consent of two thirds of the ministers, making decisions wouldn’t be so easy.”

    Tayib’s comments come as the different political groups in Iraq prepare to hunker down for drawn out negotiations to form the next Iraqi government, following the April 30 parliamentary elections.

    http://rudaw.net/english/kurdistan/250520141
    Last edited by chattels; 05-25-2014 at 10:21 PM.



  2. #2

    Hakim, Nijaifi discuss political updates

    Hakim, Nijaifi discuss political updates

    Baghdad (AIN) – The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, and the Speaker, Osama al-Nijaifi, discussed the political updates in Iraq.

    A statement by the SIIC received by All Iraq News Agency "Hakim received Nijaifi where they discussed the political updates."

    "They also reviewed the regional and international developments in addition to the results of the elections," the statement concluded.

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

  3. #3

    Re: Hakim, Nijaifi discuss political updates

    Kurdish Bloc Advises Erbil Must Insist on Charter Before Talks with Baghdad

    By RUDAW



    Iraq’s protesting Sunnis accuse Maliki of neglecting their regions and their rights.

    ERBIL, Kurdistan Region – The autonomous Kurdistan Region must insist on a charter for the Iraqi council of ministers, limiting the powers of the prime minister, before starting talks on possible participation in a new government in Baghdad, according to a group of Kurdish parliamentarians.

    “This is so that no one else in the future can make all decisions by himself in the council of ministers,” Muayad Tayib, former spokesman of the Kurdistani bloc in the Iraqi parliament, told Rudaw. “The cabinet must have a clear charter,” he said.

    “Up to this moment the council of ministers is working without a charter,” said Tayib. “But if a charter spells out clearly that the prime minister can only decide after the consent of two thirds of the ministers, making decisions wouldn’t be so easy.”

    Tayib’s comments come as the different political groups in Iraq prepare to hunker down for drawn out negotiations to form the next Iraqi government, following the April 30 parliamentary elections.

    Like most Kurdish leaders, Tayib is concerned that Iraqi Prime Minister Nouri al-Maliki has assumed greater authority than he was entitled to, such as control of the armed forces, the ministry of interior and national security.

    “If the cabinet had had a clear charter, Maliki wouldn’t have been able to make decisions all by himself,” said Tayib.

    Maliki, a Shiite, was able to become prime minister for a second term in 2010 with the help of the Kurds, who lent him their support after they signed a 19-point deal with him known as the Erbil Agreement.

    However, in the past four years Erbil has accused Maliki of betraying the agreement, which called for steps to resolve mutual claims to disputed territories and passing an oil and gas law. Most recently, Maliki’s government took the step of freezing Kurdistan’s budget, using that as a tool to pressure Erbil over an oil row.

    Maliki’s State of Law coalition won last month’s elections with 92 seats, but still needs the alliance of other groups to form a government. Tayib advised the Kurds to be more careful this time, and reign in any new prime minister’s powers through a charter.

    “The drafting of a charter was mentioned in the Erbil Agreement, but it didn’t happen,” Tayib said.

    Kurdish leaders agreed two weeks ago to establish a committee for talks with Iraq’s Shiite and Sunni parties about possible Kurdish participation in Baghdad.

    The Kurds were alarmed last year when Maliki formed a new military command named the Dijla Force, for dispatch to the mainly Kurdish populated areas of Diyala and Kirkuk. Erbil countered by sending in its own Peshmarga forces.

    Similarly, Iraq’s large minority Sunnis accuse the premier of imposing collective punishment against their cities -- mainly Fallujah, Ramadi and Mosul -- by sending in troops in the name of fighting al-Qaeda and other extremist groups

    http://rudaw.net/english/kurdistan/250520141

  4. #4

    Shiite pilgrims perform symbolic funeral of Imam al-Kadhim

    Shiite pilgrims perform symbolic funeral of Imam al-Kadhim



    Baghdad (AIN) - Millions of pilgrims performed on Wednesday the symbolic funeral for Imam Musa al-Kadhim on anniversary of his martyrdom in Baghdad.

    The pilgrims commemorated on last evening, the martyrdom of Imam al-Kadhim amid intensified security measures.

    The commemoration witnessed participation of thousands of Arab and foreign pilgrims.

    http://www.alliraqnews.com/en/index....news&Itemid=48

    Shiite pilgrims perform symbolic funeral of Imam al-Kadhim

    May 25, 2014 by Layla Mohammed

    http://www.iraqinews.com/features/sh...mam-al-kadhim/

    and

    Who is Imam Musa Al-Kadhim ?

    http://www.almujtaba.com/books/ahlulbayt/kadhim.html

    http://www.ziaraat.org/kazim.php
    Last edited by chattels; 05-25-2014 at 12:32 PM.

  5. #5

    Kurdish Independence from Iraq: The Ball is Rolling

    Kurdish Independence from Iraq: The Ball is Rolling



    Kurdish leaders appear to have reached a point where they believe that full independence might be the best and only solution for the country’s five million Kurds.

    By Ghazi Harith

    ERBIL, Kurdistan Region – The Kurdistan Region appears to have set the ball rolling toward independence from Iraq.

    The first signs of this emerged last week when the Kurdistan Regional Government (KRG) announced -- despite threats from Baghdad -- the sale of one million barrels of Kurdish oil that had been stored at the Turkish port of Ceyhan.

    With this move Kurdish authorities in Erbil not only defied Iraq’s central government, they also ignored warnings from the United States, which has consistently stood against Kurdistan selling its oil without Baghdad’s consent.

    America’s main concern is Iraq’s territorial integrity: Washington fears that economic independence would lead the Kurds toward declaring independence from Iraq and dividing the country.

    These concerns notwithstanding, Kurdish leaders -- among them Prime Minister Nechirvan Barzani -- have said time and again that they cannot tolerate Baghdad’s hostile actions and constant blackmail of the Kurds.

    Earlier this year, Baghdad cut the autonomous region’s budget, depriving more than one million civil servants of their monthly salaries. Erbil regarded this as “a violation of the constitution, and blamed the maneuver on Iraqi Prime Minister Nouri al-Maliki.

    After 10 years of disagreements with Baghdad, Kurdish leaders appear to have reached a point where they believe that full independence might be the best and only solution for the country’s five million Kurds.

    In Paris on Friday, Kurdistan President Massoud Barzani told his French counterpart and members of the French government that if Baghdad fails to change its current policies towards the Kurds, the Kurds “have other options on the table” to emerge from the crisis. Observers believe that “other options” is a couched reference to breaking away from Iraq.

    Two weeks ago the Kurdish president had already reiterated to leaders of Kurdistan’s political parties that, if Maliki remains Iraq’s premier for a third term, the Kurds will hold a referendum on seeking independence.

    Nonetheless, the Kurds are busy forming a special committee to hold talks with Iraqi groups on their participation in the next Iraqi government and parliament, following the April 30 elections.

    On the other hand, the Kurdish president’s presence in Europe and the clear message he delivered in France, as well as the Kurdish prime minister’s visit to London last week, are seen by some as a campaign to seek international support for Kurdish independence.

    http://rudaw.net/english/kurdistan/25052014

  6. #6

    New bloc joins state of law and support third term for Maliki

    New bloc joins state of law and support third term for Maliki

    BAGHDAD / NINA / Prime Minister Nuri al-Maliki received, at his official office today, the delegation of (the Solidarity bloc), headed by Hassan al-Saidi and the governor of Dhi Qar Yahya al-Nasiri and Syed Ali Syed Talib .

    An informed source told the National Iraqi News Agency / NINA / The members of the delegation have announced their joining to the state of law coalition and support the nomination of al-Maliki as prime minister for a third term.

    http://www.ninanews.com/English/News...ar95_VQ=HEIKME

    Chattels ~ I CONTACTED MR. VISSER TO ASCERTAIN THE NUMBER OF SEATS IN QUESTION WITH THESE GROUPS AND HERE IS HIS RESPONSE :

    Visser ~
    " The Solidarity bloc is just one seat. But there have been further announcements from the Kafaat & Jamahir bloc (2 deputies). The Dawla Adila bloc is also so pro-Maliki as to be practically part of State of Law, so I currently estimate State of Law at 99 seats, plus the one seat of Sadiqun (Asaeb Ahl al-Haqq)." - Visser
    Last edited by chattels; 05-26-2014 at 12:11 AM.

  7. #7

    KRG: Baghdad's request for arbitration is illegal and will fail

    KRG: Baghdad's request for arbitration is illegal and will fail

    25/05/2014 17:42:00

    BAGHDAD / NINA / Kurdistan Regional Government confirmed that the request for arbitration on the export of Iraqi oil from Turkey will fail .

    A statement by the provincial government today , said that " the Iraqi request for arbitration to demand a halt of oil exports from the Kurdish region via Turkey , is illegal and will fail ."

    The government stated that it " will continue to practice its rights in the export and sale oil independently of the (SOMO ) but still committed to negotiating with Baghdad , in order to reach a final solution to the issue of oil in the framework of the Iraqi constitution ."

    The oil ministry filed a case of arbitration before the International Chamber of Commerce in Paris on Friday and also targeted the National Turkish pipeline company / Botas / for its role in facilitating the export of oil from Kurdistan without the approval of the federal government in Baghdad .

    http://www.ninanews.com/English/News...ar95_VQ=HEILEE

    *** WHAT A " WEAK " ACTION BY BAGHDAD [ IMO ] ***

    * NOTE * The International Chamber of Commerce (ICC; French: Chambre de commerce internationale (CCI)) is the largest, most representative business organization in the world.[1] Its hundreds of thousands of member companies in over 180 countries have interests spanning every sector of private enterprise.

    ICC has three main activities: rule setting, dispute resolution, and policy advocacy. Because its member companies and associations are themselves engaged in international business, ICC has unrivalled authority in making rules that govern the conduct of business across borders. Although these rules are voluntary, they are observed in countless thousands of transactions every day and have become part of international trade.

    A world network of national committees in over 90 countries advocates business priorities at national and regional level. More than 2,000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific business issues.

    ICC keeps the United Nations, the World Trade Organization, and many other intergovernmental bodies, both international and regional, in touch with the views of international business. ICC was the first organization granted general consultative status with the United Nations Economic and Social Council.

    http://en.wikipedia.org/wiki/Interna...er_of_Commerce

    ** NOTE ** Arbitration is a flexible and efficient dispute resolution procedure leading to binding and final decisions subject to enforcement worldwide.

    WHO IS GOING TO ENFORCE A DECISION AND HOW ?

    Arbitration is a consensual process any way, so ..................... have the Kurds consented ?

    http://www.iccwbo.org/products-and-s...r/arbitration/


    Kurdistan Slams Iraqi Lawsuit to Stop Oil Exports
    By RUDAW

    “There is no clear reason why the MOO should now depart from established practice in circumstances where the KRG is increasing Iraq’s exports by pipeline at reduced transportation costs,” said the MNR statement.

    ERBIL, Kurdistan Region – The Kurdistan Regional Government (KRG) stated Sunday it had learned of a lawsuit filed by the Iraqi oil ministry to stop Kurdish oil exports to Turkey, and said the move threatened both Baghdad’s overall export capacity and its diplomatic standing.

    A KRG statement said that the Kurdish government had learned from a media announcement that the Iraqi Ministry of Oil (MOO) “has filed a ‘Request for Arbitration’ against the Republic of Turkey and a Turkish state-owned entity.”
    It said that, “The motive of the MOO is, according to the announcement, to prevent the export of crude oil from the Kurdistan Region of Iraq through the Iraq-Turkey pipeline.”

    The statement added: “The MOO’s behavior is inconsistent with previously established and accepted practice. It threatens Iraq’s oil export capacity and Iraq’s global diplomatic standing. The MOO also threatens Iraq’s relations with global oil traders and buyers.”

    The KRG claimed that the lawsuit violated both Iraqi and international law, and that, “Its threats will fail.”

    Iraq’s reported lawsuit follows confirmation by the KRG on Friday that the first oil sales through a new pipeline from Kurdistan to the Turkish port of Ceyhan had begun.

    A tanker loaded with over one million barrels of crude oil departed Thursday night from Ceyhan towards Europe, according to the KRG. “This is the first of many such sales of oil exported through the newly constructed pipeline in the Kurdistan Region,” the KRG said in its statement announcing the oil sales.

    The oil issue has been at the center of one of the worst rows between the autonomous Kurds and the Shiite Arab central government in Baghdad.

    Erbil opened its new pipeline to Ceyhan in December. But after strong opposition from Baghdad, Ankara said it would hold off on allowing the sales until consent from the central government.

    But after months of bickering and acrimony, including Baghdad freezing Erbil out of the national budget for months, no agreement was reached.

    Turkish Energy Minister Taner Yildiz, who had warned that storage tanks at Ceyhan for Kurdish oil were filled to capacity with 2.5 million barrels of piped Kurdish gas, confirmed Thursday that the first oil sales had begun.

    The bone of contention between Erbil and Baghdad has been over who controls revenues. The Kurds rejected demands by Baghdad that the sales should be conducted by the State Oil Marketing Organization, inviting SOMO only as an observer.

    Sunday’s statement noted that: “The KRG has, with Federal Government knowledge, been exporting oil by trucking through Turkey and Iran for many years. This new pipeline export by the KRG is wholly consistent with the Constitution.”

    “There is no clear reason why the MOO should now depart from established practice in circumstances where the KRG is increasing Iraq’s exports by pipeline at reduced transportation costs,” it said.

    “The MOO’s behavior is a new and flagrant defiance of the KRG’s established rights under the Iraqi Federal Constitution,” the statement added.

    “MOO is misleading the Iraqi Federal Government,” it warned.

    It said that: “The KRG warns against any internationalizing of this Iraqi domestic constitutional issue by attempting arbitration processes obstructing the KRG’s constitutional right to sell its oil to the international market.

    “The KRG remains, as always, ready to engage with its responsible partners in Baghdad to resolve any internal Iraqi oil and gas matters,” the KRG statement said.

    http://rudaw.net/english/kurdistan/2....Ep4yLxjs.dpuf
    Last edited by chattels; 05-26-2014 at 04:24 AM.

  8. #8

    ِA Meeting at the home of al-Nujaifi includes Allawi, al-Mutlaq and others to discuss

    ِA Meeting at the home of al-Nujaifi includes Allawi, al-Mutlaq and others to discuss alliances to form the government

    25/05/2014 22:14:00

    BAGHDAD / NINA / A meeting was held on Sunday evening included the leaders of a number of political powers in the home of the Speaker of the House of Representatives Osama al-Nujaifi.

    An informed source told the National Iraqi News Agency / NINA / that the meeting which was attended by head of the National Coalition, Iyad Allawi, leader of al- Arabiya Coalition of, Saleh al-Mutlaq, , head of the Islamic Party Iyad al-Samarrai and a leader in al-Arabiya coalition Shaalan al-Kareem, was held to discuss the issue of alliances to form the next government.

    http://www.ninanews.com/English/News...ar95_VQ=HEILHG

  9. #9

    Re: " The Dinar Daily ", Sunday, 25 May 2014

    Information on the issuance of a new Iraqi currency. Soon


    25/May/2014


    Baghdad/safe golden


    The Central Bank seeks to delete the three zeros of the Iraqi currency since 2003. Which raises many concerns on the street level and the business and financial community and economists seem divided between supporters of the project saw an opportunity to reduce the rates of inflation and unemployment and forewarned of economic shocks might prevail in the Iraqi market by implementing this project.

    The project has been postponed after the Central Bank introduced its amendments, most of the time because of fears based on the most unruly security situation and open market to foreign goods and counterfeit currency circulating on the market in addition to rampant corruption in the country.

    The Iraqi news agency quoted a member of the Finance Committee in Parliament, Abdul Hussein Al-yasiri in fourth from last September as saying that 2014 will delete the zeros of the Iraqi currency, in coordination with the Central Bank. Al-yasseri said that this project will reduce the size of the national currency in circulation of four billion Iraqi dinars to 1 billion.

    , Said the Chairman of the Finance Committee in the House of Haidar Al-Abbadi, it is possible to delete zeros from the current currency, but it has been postponed until after the parliamentary elections, adding that studies are now to establish safeguards to reduce fraud, and make sure that trading in the current currency.

    The process of deleting zeros was postponed more than once, until called on Parliament's Economic Committee, reported channel "East" on the 7th of July, the Central Bank, to speed up the process of deletion of zeros of the Iraqi currency in a press conference that the deletion of zeros will increase the value of the Iraqi dinar will be reflected positively on the issue of reducing unemployment and poverty in the country.

    But the financial advisor in the "North Bank" beneficial Elias said that the deletion of zeros are only administrative, process equation of cash must remain as they are, that the purchasing power of the new currency must be equal to the old currency. Elias said that trading in both currencies for up to three years old to withdraw gradually from the market. Elias predicted that highlights the problems if not resolved operations of the creditor and the debtor or if the any payments and withdrawals. But it would not affect inflation rates or poverty.

    , Vice Chairman of the Finance Committee in the Iraqi Parliament Ahmed Faizullah the wholesome Elias, noting that the deletion of zeros will not alter the purchasing power of the Iraqi dinar because it is linked to the volume of industrial production and import. What saved the Iraqi dinar is owning the Central Bank cash reserve of hard currency might formed engaging cover to the dinar. Called Faizullah to not implement the project at this time because it could confuse the market and citizens alike.

    Amid those views the Commissioner for "Breeze" stock trading for enas Mohammed that the stock market will be affected by the change and delete the zeros. The stock is still selling dinar, currently equal to a thousand shares, while will become one new dinar after the deletion of zeros equals 000, which could confuse the stock market basically confused movement due to the security situation in the country.


    www.uragency.net


    TLAR COMMENTARY ~

    So, who do we believe - - Parliament's Economic Committee that says the currency reform WILL increase the value of the dinar, or the financial advisor in the "North Bank" who says the currency reform is just an administrative procedure, and the purchasing power of the new dinar will remain the same as the old.
    Why would they worry about security or fraud if this procedure was going to be a wash?

    I'm rooting for the Economic Committee!!

    Figuratively the statement is correct for both. The currency will go up in value but value of the dinar will remain the same plus this is an administrative move. How? The value of the currency still in circulation will increase based on what they do to the exchange rate. But all items cost will also increase meaning as the dinar value goes up, iit is not going to buy anymore goods than it was before. Both the cost of those goods and your paycheck will also be adjusted. Lets say for example you are buying a clock radio. If the nominal rate is adjusted by down by 1000 that clock radio will cost one dinar instead of 1000. By the same token if you salary is 76000 dinars it also will be adjusted to 76 dinars. So the relationship between cost and earning power has not changed. It is strictly an administrative change. That is why the only beneficiaries will be those who are in possession of the currency when this happens. A 1000 dinars in physical cash will still be a 1000 dinars. Only the value of the dinar will have changed.


    The example they use on the stock market is a good one. If somebody has 500,000 shares of stock the day before D-day, he will only have 500 shares the day of and that will be very confusing to many of the account holders. But the value of each shares will have adjust up to 1000 times its original value and that will also be the cost of a new share. There will be no loss or gain in value of the account,. Only the number of shares will have changed. Again the new cost of a share will have changed but so will your salary. The relationship between cost and income though will have remained the same both before and after the change.


    So the physical currency holders will be the only recipients of an increase in net worth just as you and I are. Possession of physical currency being the key word. as a result of everything else will be adjusted almost immediately to the new rate both expenses, income and cost of items along with contract, debts, loans and anything not listed in this post. Everything will be adjusted.


    I would like to add something here. The ISX is planning to go live on a NASDAQ platform before the end of June with Erbil to follow in July. The ISX is expecting a surge of investment money to come rolling in. NASDQ has rules. In the US those rules have within them a minimum value per share. I the value of a share does not meet the minimum requirements it can't be listed live on the exchange but can default to what is called a pink sheet. A pink sheet is commonly used for penny stocks. At present all stocks on the ISX will not meet the criteria that is required to list a stock on the NASDAQ here in the US. It is only if they delete the zeros that Iraq's stock can be listed if they are using the criteria as we do on the NASDAQ. Otherwise every stock today in Iraq will end up on the pink sheet because all are penny stocks at this time. In other words if they use the US rules all the present Iraqi stocks cannot even be listed on the NASDAQ trading platform. If there is one of you who is a stock broker or investment banker on this site you will able to confirm this or dispel it and I would appreciate it if you would add to this train of thought. tlar

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