The Dinar Daily, Wednesday November 5, 2014
Page 1 of 4 123 ... LastLast
Results 1 to 10 of 34

Thread: The Dinar Daily, Wednesday November 5, 2014


    
  1. #1

    The Dinar Daily, Wednesday November 5, 2014

    Coins put on the market !!



    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara "The project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find metal coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century

    waradana.com

    And

    CBI is preparing to issue a monetary metal parts



    Metal coins from the category of 25 fils were in circulation until the nineties of the last century

    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

    http://www.iraqhurr.org/content/article/26666313.html

    and

    [S]ecurity ministers file will be resolved soon and their selection will be exclusively by Abadi
    BAGHDAD / NINA / MP for the state of law coalition, Hisham al-Suhail said that "the issue of the security ministers will be resolved soon through the agreement of the concerned political blocs on the candidates."

    He told the National Iraqi News Agency / NINA / "The situation experienced by the country and the region urgently needs an end to this file and no to delay it too much, because it does not benefit the political process in the country."

    Suhail added that "the Prime Minister is determined to end this file and he has the final word because he has an obvious desire that these two offices should be run by professionals."

    The House of Representatives failed to vote on the candidates submitted by Abadi to the ministries of interior and defense Riad Ghraib, Jaber al-Jabri, respectively, and decided to postpone the vote on the positions until reaching national consensus.

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

    * More SLC " double talk " , IMO

    and


    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

    Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

    Estimate the shadow price of foreign currency:

    1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

    The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

    * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:


    • Export-outputs.
    • Outputs marketed locally that substitute imports.
    • Imported inputs.
    • Inputs produced locally that usually go to exports.
    • Foreign labor.


    According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

    In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

    In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

    2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

    The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:


    • The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
    • The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
    • The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
    • The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
    • This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.


    And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

    3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.



    The Republic of Iraq – Ministry of Planning

    and

    A "flashback recap" of a Live Q and A Call from about a year ago - on THE DAILY DINAR NEWS BLOG...

    In general terms – there were three main focal points of interest I wanted to cover and then allow listeners to ask whatever questions they liked.

    1) the SIGR report…


    2) the Gold Article…


    3) the IIER report…


    I started the conversation out last night by highlighting how crazy this campaign being fielded to contact our lawmakers and bank CEO’s and tell them how unfair it is they are getting to exchange (exchange is the right terminology BTW – NOT “CASH-IN”) at 32.00 per Dinar and we are not – is. It is nuts.


    Firstly, “they” are NOT being allowed to exchange “early” – or at 32.00 per Dinar. It makes you sound “stark raving MAD” to be caught saying such things. You would be better off barking at the moon. It is demeaning to the validity of a true currency play.


    Secondly, this is entirely the wrong way to approach them. I pointed out on the call that Poppy and I fielded a very successful such campaign a couple of years ago. However, we sat down and came up with a much different approach. It was designed to get answers and to approach our lawmakers with respect and as their constituents. Not like a bunch of lunatics. We had extraordinary participation (because it made sense) and we received a good response from lawmakers. It started the conversation in a reasonable manner.


    I asked one caller – “when was the last time you asked a banker for money and told him how unfair it was if he didn’t give it to you”??? Obviously – we chuckled…


    Another caller asked me if (as DC had relayed) – the “zero’s were raised” and the lower denominations were in circulation??


    I said plainly “no”…lower denominations being in circulation would (at the very least) imply there had been a value change. If there were no value change the lower denoms would not only be of little value, they would be such a hinderance – people might even throw them away just to get rid of them. So no – no lower denoms. I told the caller to check the
    CBI.iq website for “real” info on rate change.

    The “zero’s being raised” or “deleted” – as explained by any reasonable researcher, economist or authority – is simply the process removing the large (3 zero notes) from circulation.


    Referring to an Enorrste post from today on
    THE DINAR OBSERVER DAILY(you may want to put this on your favorites and check in several times a day – we to it often )

    “…I have never found a single article from the CBI or the IMF that equates “delete the zeros” to the idea of “move the decimal point.” Instead, the statements overwhelmingly come out to mean “remove the large notes from circulation.”


    Also – this recent internal memo put out by Wells Fargo is likely “push back” from this recent campaign. I pointed out that Pinnacle Bank published an article by an “affiliate” in their internal publication and then “highlighted it” in a similar internal memo a couple of years ago. It is just a defense mechanism. I’m sure Wells is tired of having their name dragged through the “internet rumor mill”. This is highly likely the reason for their vigorous denials about handling it in the future. They get so many useless calls – it isn’t worth the headache. Can you blame them??


    Further, for any bank, lawmaker, adviser or official to state the “Dinar is a scam” is nearly as foolish as some of the internet “Gurus”. It is the official currency of a COUNTRY. I pointed out (below) the post from yesterday’s
    DINAR OBSERVER DAILY
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________

    THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

    We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 94 of the massive SIGR report.





    BGG ~
    This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
    __________________________________________________ ______________

    I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

    1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

    2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

    3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

    I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

    4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

    __________________________________________________ ______________

    AND

    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

    The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

    …Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.

    The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country. ARTICLE LINK



  2. #2

    Re: The Dinar Daily, Wednesday November 5, 2014

    Iraqi parliament agrees to cancel the 2014 budget



    Agency Twilight News reported that the Member of Parliament for Diyala province Nahida Daini said on Wednesday, the parliament agreed to cancel the 2014 budget and the redeployment of the salary scale and grades and increases salaries of social welfare allocations to the budget in 2015, asserting that the 2014 budget will be presented in the form of bonds for amounts that were paid General Gara.oukalt Daini in an interview with "Twilight News", that the 2014 budget will include the exchange of amounts popular crowd salaries and buy weapons and give displaced Lucite prepared by the Council of Ministers for a vote by Parliament bonds, confirming the absence 2014 budget of investment projects, with the exception of the important projects that been agreed upon between the provincial councils and the Ministry of Planning.

    She added that the Parliament decided to reduce Alaivadat for 2015 to address the budget in 2014, which amounts to about $ 65 billion deficit, noting that a specialized committee in the Council of Ministers was able to reduce the deficit to 5 percent over the cancellation of some of the doors contained 2014.okhevc Daini budget for political moves to resolve the differences Finance between the government of Kurdistan and the federal government, calling on the government of Kurdistan to make some concessions to ease the passage of the federal budget.

    She said Parliament granted the Kurdistan Alliance presidency of the Commission on oil and gas as well as take over the leadership of the Islamic Supreme Council Adel Abdul Mahdi, oil bag in an effort to end the disputes, financial and oil problems between the government of Kurdistan and the government Alathadah.erepett hope to pass next year's budget early in advance that I take with it "mines" as witnessed in last year's budget and cause political differences delayed approval by Parliament.

    The newspaper added that the differences and problems between Kurdistan and the federal government have caused the failure of the previous parliament in approving 2014.wabrz dispute between the government of Kurdistan and the federal government axes budget do not include the benefits of oil companies operating in the region and not the cumulative benefits of the Peshmerga forces the government has not paid seven years ago, the inclusion of $ 7 trillion dinars.

    http://translate.googleusercontent.c...PH2ZUB7fl-KMEg

  3. #3

    Re: The Dinar Daily, Wednesday November 5, 2014

    Deputy reveal the failure of the federal government's negotiations with Kurdistan over oil disputes



    Tomorrow Press / Baghdad revealed an MP for the mass change of Kurdish Tavkh Ahmed, Wednesday, for the arrival of FD to the Kurdistan government yesterday to discuss the outstanding issues between Baghdad and Erbil problems, pointing out that the delegation did not agree with the Kurdistan Regional Government to resolve differences oil.

    Said Ahmed for "tomorrow Press", that "the federal government linking the issue of payment of the stalled from the month of February to settle oil disputes Kurdistan employees' salaries," pointing out that "the defense minister Khaled al-Obeidi's visit to Erbil were not successful because he did not agree with the Ministry of Peshmerga to settle affiliates problem. "

    She said, "Nechirvan Barzani to visit Baghdad became useless according to Mowaffak the last prime minister of the Kurdistan linking employees' salaries to dissolve the oil differences."

    http://translate.googleusercontent.c...VLQIXljiButKEw

  4. #4

    Re: The Dinar Daily, Wednesday November 5, 2014

    sczin11- look like CBI held auction yesterday even tho bank was closed!

    Currency Auction

    Announcement No. (2808)

    The latest daily currency auction was held in the Central Bank of Iraq on the 4-11-2014 The port on 5-11-2014 results were as follows:


    DETAILS NOTES
    Number of banks 16
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 172,187,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 172,187,000
    Total offers for selling (US$) -----



    Announcement No. (2809)

    The latest daily currency auction was held in the Central Bank of Iraq on the 05-11-2014 the 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$) 264,134,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 264,134,000
    Total offers for selling (US$) -----


    ​market rate 1202

    OOTW - THANKS SCZIN11 - THE ANNOUNCEMENTS POSTED AT THE CBI SITE LAST WEEK, INDICATED THAT THE CBI EMPLOYEE'S WERE REQUIRED TO WORK ON THE 4TH BUT WOULD BE GIVEN THE 2ND OFF TO CELEBRATE ASHURA.
    Last edited by AR Transplant; 11-06-2014 at 12:14 AM.

  5. #5

    Re: The Dinar Daily, Wednesday November 5, 2014

    Post Ministerial Summit on Iraq to the World Tourism Organization in London

    Baghdad / Ministry of Tourism and Antiquities announced its participation in the Ministerial Conference of the World Tourism Organization, which is currently held in London.

    According to a statement of the Information Office of the Ministry received (and the Iraqi News Agency Information / INA) today he was "like Iraq in the World Tourism Organization ministerial summit, which was held on the sidelines of the launch of the second day of the World Travel Market in London meeting, the representative of the Minister of Tourism and Antiquities, the head of the Iraqi delegation, Director General Tourist groups Mahmoud al-Zubaidi circle. "

    He added that "al-Zubaidi, after the end of the meeting said that the summit focused on the theme of tourism and the effects of the activities of large by events, and their relationship to build a lasting legacy," pointing out that tourism, events and activities large in close correlation with community-based system of globalization, to the fact that many of the participants in these activities are tourists, which makes a direct and significant impact also on all the ingredients and the tourist destinations of the country's hosting of the event. "

    It is said that the summit of Ministers of the World Tourism Organization edition of 2014 is a great opportunity to exchange experiences and discuss ideas on how to measure the impact of the big events on tourist destinations, and ensuring development and planning for the establishment of infrastructure and appropriate, in addition to the promotion of the activities sustainable in the field of the environment, and discuss how community participation and investment human resources.

    http://translate.googleusercontent.c...93iukBOMq5DrWg

  6. #6

    Re: The Dinar Daily, Wednesday November 5, 2014

    Finance Committee: No budget for 2014 .. and grades will leave to the next year



    BAGHDAD / Baghdadi News ... Finance Committee announced on Wednesday, that the grades for 2014 can be transferred to the 2015 budget, stressing the lack of functional degrees this year.

    Kurdistan Alliance MP Ahmed Hama Rasheed said L / Baghdadi News / "The government will resort to provide financial data to find a legal cover for the expenses in 2014, including that it can not provide a draft budget 2014 to the Parliament," noting that "there is no budget for this year ".

    Rashid said that "the issue of appointments and functions can be transferred to the 2015 budget and this is what was proposed in the Finance Committee earlier," stressing the need to "find a legal formula in this regard."

    The MP from the Kurdistan Alliance, said, "Cancel the subject grades for 2015 and talk about grades and moving, talk is premature," adding "the absence of a functional grades for the current year."

    It is said that the House of Representatives decided to cancel the 2014 budget agreement and the transfer of grades and pay scales to the general budget 2015.


    http://translate.googleusercontent.c...XQiIcMaQrW2ZRA
    Last edited by AR Transplant; 11-06-2014 at 12:17 AM.

  7. #7

    Re: The Dinar Daily, Wednesday November 5, 2014

    Stumbled settle oil disputes between Baghdad and the Kurdistan



    MP from the Kurdish bloc change Tavkh Ahmed Mirza, says that the Kurdistan delegation, which arrived in Baghdad; to discuss the outstanding problems did not reach any agreement.
    Toss Baghdad from Mohammed and Mah

    Revealed a mass change of Kurdistan, on Wednesday, stumbled on the settlement of disputes and oil staff salaries region between Baghdad and Kurdistan.

    The MP for the mass change Tavkh Ahmed Mirza, said that "the Kurdish government delegation, which arrived in the capital Baghdad, yesterday, to discuss the outstanding problems between Erbil and the central government and the settlement of disputes and the oil region staff salaries, do not agree on anything."

    Mirza explained that "the issue of linking the federal government to pay the salaries of the Kurdistan staff stalled since the month of February last, to settle differences of oil."

    In the same context, Mirza revealed that "Defense Minister Khaled al-Obeidi's visit to Arbil, a few days ago were not successful because he did not agree with the Ministry of Peshmerga to settle the problem of the Peshmerga."

    He pointed out that "Nechirvan Barzani's upcoming visit to Baghdad has become useless, because Mowaffak President Nechirvan Barzani, Kurdistan, which connect employees' salaries to dissolve the oil disputes with the central government."

    The leader of the Kurdistan Alliance forces Muhsin al-Sadoun, confirmed in (29 last October), that the President of the Regional Government of northern Iraq, Nechirvan Barzani will resolve the dispute between Baghdad and Erbil on the authority supervising the export of Iraqi oil during his upcoming visit to Baghdad at the head of a government delegation .

    Structured dispute between the federal government and the province of northern Iraq, about some of the points most important region staff salaries, which was stopped by the federal government since February this year, in response to the oil exporting region without their consent, as the government refuses to Peshmerga salaries Exchange objection to the lack of association with the Iraqi security system , and the export of oil without federal government approval.


    http://translate.googleusercontent.c...0jr39GZ3Z94Zuw
    Last edited by AR Transplant; 11-06-2014 at 12:19 AM.

  8. #8

    Re: The Dinar Daily, Wednesday November 5, 2014

    Ahmed al-Jubouri: political interests prevented the adoption of important laws in the country



    MP for the National Federation of powers Ahmed al-Jubouri that "political interests prevented the adoption of a number of important and crucial in the country's laws."

    He said al-Jubouri told all of Iraq [where] that "the parliament failed to approve the parties and the Federal Court and the Council of Union law, because of political interests and see the heads of parties and blocs."

    He called on the heads of parties and blocs to comply with the public interest and stay away from personal interests and the interests of the people are reluctant to country.

    It is said that the Iraqi Council of Representatives at its previous session had gone a set of laws that prevented political intersections without approval, including the General Budget Law and the Law on political parties and the law of the court Alathadah.anthy 2.


    http://translate.googleusercontent.c...UE5rDBjIpxW3kA
    Last edited by AR Transplant; 11-06-2014 at 12:21 AM.

  9. #9

    Re: The Dinar Daily, Wednesday November 5, 2014

    TRA: mobile phone companies have paid premiums 3G service and we will be celebrating the launch of the middle of this month




    Announced that the media and communications, on Tuesday, for a three mobile phone companies operating in Iraq to pay the first installment of "3G" service to the Commission, revealed that she will sign with the launch of the service contracts with mobile phone companies the middle of this month.

    A member of the Board of Trustees in the body Khalil pilot in an interview with the (long-Presse), "The representatives of the mobile phone companies that were hesitant in the first installment to serve the third generation to pay, I attended to the body before and one day set for the delivery of the first financial installment of the service deadline," noting that "two of the three mobile phone companies, have had notes about the terms of the third-generation contract was settled and resolved by the body."

    He said the pilot that "the three mobile phone companies paid the first installment of the service, a third generation currently steeled to work with this service, which will be the transmission, in the telecommunications market," Moked that "the Commission will organize a celebration on the fifteenth of the month this November, in collaboration with the mobile phone companies ( Asiacell and Zain Iraq and Cork) to sign a release of the third generation service contract. "

    He said a member of the board of trustees in the body that "the signing of the third generation will be held in front of the glare of public opinion, and there will be things that are hidden, because the Commission insisted that the nature of the contract and transparent knowledge of everyone."

    She had threatened to CMC, in (October 29, 2014), "not" to grant two of the three mobile phone companies operating in Iraq, the third-generation service in the event of non-payment of the first installment of the value of the service, and Omhilthma 48 hours to paid and reversible will frequencies put Competition between Arab and foreign companies.

    He was Chairman of the Board of Trustees of the Media and Communications Authority Ali Khuwaylidi confirmed, on 16 May 2014, that Iraq will reap "significant economic payoff" to run third-generation mobile phone companies a license, and that this service will give "great speed for users of Internet telephony," At a time which he called for the Ministry of Communications to "start working effectively" in the optical cable, in order to activate this service well, confirmed a global carrier telephone companies in Iraq, the third-generation service will run more than 500 000 jobs and the various sectors.

    The Council of Ministers announced in (May 6, 2014), granting the mobile phone companies operating in Iraq the right to use the third generation frequencies for the remainder of the license contract for the period, and between it will amount to meet "307 million dollars" for each company and "duration of reimbursement binding Year and a half years ", pointing out that it excluded the CMC of the Implementing Regulations of government contracts.

    And operates three companies mobile phone in Iraq is currently the second-generation services (G 2), which offers speed and limited scalability in frequency cellular waves, with the introduction of third-generation services, it is expected to increase the use of new data from the information provided by this generation in the network is a multiplier in the country .


    http://translate.googleusercontent.c...SR-LysN0oIMjZA
    Last edited by AR Transplant; 11-06-2014 at 12:25 AM.

  10. #10

    Re: The Dinar Daily, Wednesday November 5, 2014

    Masum up an official visit Arbil



    President Fuad Masum, arrived Wednesday to Arbil on an official visit to the Kurdistan region of Iraq.

    A reporter for the agency all of Iraq [where] that "the President of the Republic Fuad Masum, arrived in the Kurdistan region and met with a number of ministers and deputies of the Kurds, to meet the President of Kurdistan, Massoud Barzani at a later time."

    It is said that infallible held a series of meetings with a number of heads of blocs, including Mustafa Nushirwan head of the list change.


    http://translate.googleusercontent.c...Rq1NY4V_Kvn4sg
    Last edited by AR Transplant; 11-06-2014 at 12:27 AM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •