The Dinar Daily, Thursday November 20, 2014
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Thread: The Dinar Daily, Thursday November 20, 2014


    
  1. #1

    The Dinar Daily, Thursday November 20, 2014





    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

    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

    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, Thursday November 20, 2014






    Currency Auctions Announcement No. (2822)

    The latest daily currency auction was held in the Central Bank of Iraq on the 11-20-2014 results were as follows:

    DETAILS NOTES
    Number of banks 17
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 205,645,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 205,645,000
    Total offers for selling (US$) -----


    Market Rate 1201....

  3. #3

    Re: The Dinar Daily, Thursday November 20, 2014

    Zebari discuss with the ambassadors of Kuwait and Turkey, compensation and economic relations



    BAGHDAD / obelisk: met Finance Minister Hoshyar Zebari, the Kuwaiti ambassador to Iraq, Ghassan Al-Zawawi and discussed with him the importance of following up the work of the bilateral committees between the two countries, and Iraq's international obligations and the issue of compensation .

    Zebari also discussed relations with the second Turkish Ambassador Farouk Qaamakja economic advisor at the Turkish Embassy, ​​as well as discuss economic and trade relations between the two countries .

    http://almasalah.com/ar/news/41677/%D8%B2%D9%8A%D8%A8%D8%A7%D8%B1%D9%8A-%D9%8A%D8%A8%D8%AD%D8%AB-%D9%85%D8%B9-%D8%B3%D9%81%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D9%88-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7

  4. #4

    Re: The Dinar Daily, Thursday November 20, 2014

    Qubad Talabani: money sent from Baghdad "not enough" for the salaries of the staff of the region



    Long-Presse / Sulaymaniyah


    Revealed the Kurdistan Regional Government, on Thursday, said that the money sent from Baghdad "do not cover" territory salaries in light of the current financial crisis, indicating that Kurdistan will seek to secure salaries across the Kurdish dependence on oil sales.

    The deputy head of the territorial Government, Qubad Talabani, told a news conference on the sidelines of Clauaz Festival in Sulaymaniyah, and attended (range Press), "The money sent from Baghdad do not cover the whole territory salaries, but it will help the Government of the Territory in the salaries of October, the last month of insurance." .

    He said Talabani, "The Government of the Territory will seek to give advances to contractors in Kurdistan of money sent in order to resume work in the stalled project months ago," he said, adding that "the Government of the Territory continuing in its efforts to secure the salaries of employees of the Kurdish sale of oil revenues, as well as the money sent from Baghdad to help cover salaries. "

    And on the upcoming visit of the delegation of the Government of the Territory to Baghdad to continue talks to finalize solutions to outstanding disagreements, Talabani explained, "The date of the visit has not yet been identified."

    The Festival (Clauaz) Forum culturally important for the sustainability of the relationship between the Kurds and Arab intellectuals, and combines the intellectuals of different orientations and nationalities and cultures, where they are eating for Humanitarian Dialogue which removes national differences and eliminates the "chauvinist ideology" between national components in Iraq, discusses the intellectuals Mmeltkiethm poetic and literary studies research and philosophical, as well as the establishment of the book shows, exhibitions of painting and other cultural events.

    The Minister of Finance, announced on Wednesday, for the conversion of $ 500 million for the Kurdistan Regional Government, which is the first installment under the agreement signed between Arbil and Baghdad, and on handing over the territory government (150), thousand barrels per day to the central government, is likely to begin in the coming days round political and technical talks between the two parties to reach a practical and realistic solutions on entitlements and the center region

    Announced Oil Minister Adel Abdul-Mahdi, in (November 13, 2014), agreed with the President of the Kurdistan Regional Government to the Federal Government to transfer $ 500 million for the region, and among the agreement to ensure that the Government of the Territory put 150 thousand barrels of crude oil per day at the disposal of the government Federal, regional president stressed that the government will visit Baghdad at the head of a delegation to develop a "comprehensive" and constitutional solutions to resolve outstanding issues.

    It is noteworthy that the former prime minister, Nouri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of the current year 2014, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil.

    http://www.almadapress.com/ar/news/39984/%D9%82%D8%A8%D8%A7%D8%AF-%D8%A7%D9%84%D8%B7%D8%A7%D9%84%D8%A8%D8%A7%D9%86%D 9%8A-%D8%A7%D9%84%D8%A3%D9%85%D9%88%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%84%D8%A9-%D9%85%D9%86-%D8%A8

  5. #5

    Re: The Dinar Daily, Thursday November 20, 2014

    Today .. acted secured work who do not have smart salaries



    Baghdad Constitution identified the Ministry of Labour and Social Affairs on Thursday as the date for the disbursement of the salaries of workers covered by social security and do not have cards Zkih..oukalt ministry:

    That day will be the date for the disbursement of the salaries of workers covered by social security and do not have cards Zkih..oadhav: that the circuit will start regardless of workers' salaries creditors have the beginning of the day and in a way (manual drainage) secured for workers who do not have Alzkih..mn card destination announced the Ministry of Labour and Social Affairs for directing the operating department and loans cadre of Time on Saturday of each week in order to complete the granting of loans to Moatunain..ozkr ministry statement: that operating and loans department in the Ministry of Labour and Social Affairs and directed Mlakatha of time on Saturday to complete the completion of private citizens' transactions to grant soft loans generating Dkhal..oadhav:

    that the department seek to implement the ministry's plan in accordance with the strategy to meet the needs of the target groups therefore been directed cadres working in the circuit cut off Sbt..utaba day: that the work will continue for subsequent weeks until the completion of the completion of all of the granting of loans and loans fund to support income-generating projects and loans PRS transactions.

    http://www.daraddustour.com/index.php/home-news/27823-2014-11-19-23-59-55

  6. #6

    Re: The Dinar Daily, Thursday November 20, 2014

    Rafidain Bank "denies suffered one of its branches to the incident," theft "and asserts: what happened is a technical glitch



    Long-Presse / Baghdad Rafidain Bank denied on Thursday, he was a branch of the theft incident, noting that what happened was a technical glitch and has been processed by the competent division in the bank.

    She said the bank management, in a statement published by the Ministry of Finance and seen by the (long-Presse), that "the Rafidain Bank was not subjected to theft and was raised on that topic does not exceed more than a technical defect in the electronic work joints and has been processed by the bank.

    The different media, reported that the Rafidain Bank exposure to theft incident sparking a state of confusion and anxiety in the security and economic center, as well as many of Iraq salaries depend on the disbursement of the branches of those banks.

    It is noteworthy that Rafidain Bank, a State-owned banks in Iraq, was founded in the forties of the last century and has more than 146 branches in Iraq and more than eight branches in the Arab countries.

    http://www.almadapress.com/ar/news/39994/%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86-%D9%8A%D9%86%D9%81%D9%8A-%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A3%D8%AD%D8%AF-%D9%81%D8%B1%D9%88%D8%B9%D9%87-%D9%84

  7. #7

    Re: The Dinar Daily, Thursday November 20, 2014

    Details Abadi talks with Davutoglu



    Khandan
    - chaired by Iraqi Prime Minister Haider al-Abadi and Turkish Prime Minister Ahmet Davutoglu in Baghdad on Thursday, the joint session of talks in the presence of members of the two delegations, and cross-Abadi, according to a statement issued by his press office welcomed his Turkish counterpart and his accompanying delegation and satisfaction to hold talks in an atmosphere of friendly and frank, stressing that the Iraqi government's policy is to open up to all the neighboring countries.

    During the meeting, they discussed the expansion of relations in economic, security and investment fields and issues of oil and trade and increased border ports, and joint quest to resolve all outstanding problems in order to achieve the common interests of the two countries and the two peoples, and it was agreed on the need to activate the work Strategic Cooperation Council High Level.

    Ebadi said: that the files that were discussed between the two sides dealt with security issues and terrorist threats faced by Iraq and ways to confront the danger that targets everyone, it was agreed to and the intelligence security cooperation in the face of Daash, thanking the Turkish government for its announcement to support Iraq's security and intelligence and readiness for military support, as well as economic cooperation and issues of oil, agriculture and water resources, and renewed the call for Turkish investment companies to increase their presence in Iraq in all fields.

    For his part, the Turkish prime minister stressed that this visit will open a new path in the historical relations between the two countries and the stability of Iraq is the stability to Turkey, said: We are ready to do everything we can to address the terrorist operations which exposed Iraq and the exchange of security and intelligence, expressing his country's desire to establish an integrated economic relations, praising and congratulating the formation of the Iraqi government, which includes all the Iraqi people, as the face of a formal invitation to Ebadi to visit Turkey to complete the talks.

    After the round of official talks was held Abadi and his Turkish counterpart press conference, Ebadi said during the conference: the countdown has begun for Daash and counting upward for our troops and Daash towards defeat has regained our armed forces initiative and deported danger from Baghdad and tend to liberate every inch of the land of Iraq, and alive victories achieved by the Iraqi forces and the sons of the popular crowd and edit the rock cliff and Baiji, Salahuddin and many areas in Diyala, Anbar and determination to liberate Mosul. As Abadi said that the Syrian issue should be resolved politically and protect the citizens and put an end to this tragedy in the state to accommodate all of the Syrian people.

    The new prime minister Turkish Turkish government's support for Iraq in all fields, and cooperation to confront terrorism and organizing Daash which constitutes a threat to Iraq and Turkey, stressing readiness to open a new page in Turkish-Iraqi relations.


    http://www.xendan.org/arabic/drejaa.aspx?=hewal&jmara=7469&Jor=2

  8. #8

    Re: The Dinar Daily, Thursday November 20, 2014

    Infallible to Davutoglu: security and stability in Iraq is reflected on the security of Turkey



    Khandan - expressed Turkish Prime Minister Ahmet Davutoglu for his country's readiness to support Iraq and to cooperate with him in his war against terrorism, in what was considered that any threat to the security and stability of Iraq is a threat to Turkey and the entire region.

    This came during a meeting with his accompanying delegation, President Fuad Masum in Baghdad pm Thursday. According to the presidency said in a statement, that infallible welcomed Prime Minister Davutoglu warm welcome, stressing the importance of this visit in the light of the circumstances in the region, expressing the permanent Iraq's desire to develop its relationship with its neighbors, as Iraq and Turkey shared historical ties, and whenever advancing these relations will have a positive impact on the region in general and check the common interests of the peoples of the two countries.

    He noted the president that "Iraq is looking forward to closer cooperation with neighboring Turkey in all fields, particularly cooperation in the fight against terrorism, where Iraq is now facing the threat of terrorists (Daash) "explaining that" Turkish support in this confrontation is very important, especially in the shelter the displaced, "adding that" security and stability in Iraq is reflected on the security of Turkey and the region. "

    And gave Turkish Prime Minister Ahmed Davutoglu thanks to the President of the Republic on the hospitality congratulate him on the occasion of his accession to office President of the Republic, and conveyed the greetings and best wishes of President Recep Tayyip Erdogan to the infallible President, and said, "You of the most experienced leaders in the region and your accomplishments too much, and have taken good steps in the political client and your experience in politics and the presidency is an important step in the formulation of policy and administration in Iraq."

    He stressed the Turkish Prime Minister "The joint between the two historical ties are encouraged to always strive to improve these relations to include all fields," and pointed to "the necessity of activating the strategic cooperation agreement signed in 2009 between Iraq and Turkey." The Turkish prime minister said that "the goal of the visit is to document the friendship and cooperation ties in All areas and open a new page in relations "and expressed" his country's readiness to support Iraq and to cooperate with him in his war against terrorism, "adding that" any threat to the security and stability of Iraq is a threat to Turkey and the entire region, therefore it is necessary to exert all efforts in order to work together to remove the risk ( Daash). "

    At the conclusion of the meeting, Davutoglu face a formal invitation to the President to visit Turkey, also inquired about the health of President Mam Jalal, indicating a desire to visit in the future.

    http://www.xendan.org/arabic/drejaA.aspx?=hewal&jmara=7470&Jor=2

  9. #9

    Re: The Dinar Daily, Thursday November 20, 2014

    Exclusive: Assad and Maliki’s plans to hide Syrian chemical weapons in Iraq





    File photo of former Iraqi President, Nouri al-Maliki meeting with Syrian President, Bashar al-Asad.


    (IraqiNews.com) A senior military official in the Iraqi Ministry of Defense, who requested anonymity, revealed a formal agreement set in November of 2013 by Syrian president Bashar al-Assad and the President of the former Iraqi government, Nuri al-Maliki, to transfer Syrian chemical weapons stockpiles to Baghdad for storage and to evade international inspectors.

    The official stressed that al-Maliki secretly agreed to the Syrian demand, through the chief of military intelligence Almksusi Hatem who was assigned alongside members of al-Maliki’s personal office, including the son of the latter, Ahmed, to take over the task—and, was dismissed a few days ago by the Prime Minister Haider al-Abadi.

    The official explained that al-Maliki agreed to the request of Assad to temporarily transfer unspecified amounts from the arsenal of Syrian chemical weapons to Baghdad, but it is uncertain if any of those banned weapons have already been transferred to Baghdad.

    He added, “In the end of November 2013, al-Assad sent Colonel Mohamed Fadel from the Syrian intelligence, along with three other officers to Baghdad. Maliki then called a number of military leaders to participate in a meeting at his personal office in the Green Zone, and they discussed the ability to transport chemicals through containers and not in the form of prepared weapons. The transfer process with all its details was agreed upon.”

    However, the officer said, “We are not certain if part of the chemical Syrian arms was actually transferred to Iraq away from the UN team’s sight, or if the plan is not yet implemented because of the security implications witnessed in al-Anbar border city with Syria on December 28 — in light of the leaks indicated that al-Assad and al-Maliki agreed to transfer the shipment overland, away from the eyes of international observers at the Damascus international Airport at that time — which led to cutting the road between the two countries.”

    http://www.iraqinews.com/iraq-war/exclusive-assad-malikis-plans-hide-syrian-chemical-weapons-iraq/

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