The Dinar Daily, Friday November 21, 2014
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  1. #1

    The Dinar Daily, Friday November 21, 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


    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 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
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________


    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″..

    __________________________________________________ ______________


    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


    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.


    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.


  2. #2

    Re: The Dinar Daily, Friday November 21, 2014

    An employee at one of Iraqi banks with 40 billion dinars disappear

    Tomorrow press Baghdad: Iraqi police sources, Friday, of the disappearance of a bank employee after embezzled 40 billion dinars out of 142 billion into national banks, said a security alert to search for her after her arrest warrant.

    The source said "tomorrow," "the bank employee proceeded to convert 142 billion dinars to two banks national", adding that "the money through fake instruments".

    The source, who asked not to be named, said that "after an investigation by IQD 102 billion was recovered from one of the banks that the employee was able to withdraw the remaining amount at the Bank the other 40 billion dinars and flee to an unknown destination."

    The source said that "there is a security effort to search the employee after the issuance of the arrest warrant right."

    A number of banks exposed to embezzlement and theft in the past, while able to security forces and cadres of the Ministry of finance often recover most of the embezzled money and the arrest of the bombers. %2F%D9%85%D9%88%D8%B8%D9%81%D8%A9-%D9%81%D9%8A-%D8%A3%D8%AD%D8%AF-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D8%AE%D8%AA%D9%81%D9%8A

  3. #3

    Re: The Dinar Daily, Friday November 21, 2014

    Fayad: improving - the Turkish-Iraqi relations raise oil exports

    BAGHDAD / obelisk: The head of the Minister for Energy, Ali Fayad adviser, that the visit of Turkish Prime Minister Ahmed Davutoglu will boost oil cooperation between the two countries, especially on the export file .

    Fayad said that "the most prominent themes that have been the subject of economically Iraqi oil marketing via Turkish territory discussed," noting that "the Turkish side expressed its readiness to cooperate on that . "

    A spokesman for the Office of the Prime Minister, Saad al-Hadithi Thursday that a meeting of Prime Minister Haider al-Abadi with his Turkish counterpart, will result in the formation of a joint ministerial committees between the two countries .

    Fayad said that "the strengthening of the Iraqi-Turkish relationship Stzahr the economic side of the two countries as well as the political and security relations . "

    And arrived Turkish Prime Minister, Ahmet Davutoglu, to Baghdad on Thursday morning, and was to receive him, Foreign Minister Ibrahim al-Jaafari in Baghdad International Airport .

  4. #4

    Re: The Dinar Daily, Friday November 21, 2014

    Ihsanoglu of Erbil: Economic Artbatatna Iraq with $ 12 billion and support any agreement between Baghdad and Erbil over oil

    Confirmed Turkish Prime Minister Ahmet Davutoglu, on Friday, that Iraq and the Kurdistan region's security is linked to the security and stability of Turkey, noting that Turkey is ready to support the region and Iraq in this side of the face of "terrorism", and as he pointed out that there are economic links with Iraq $ 12 billion, of which eight in Kurdistan, pointed out that Turkey will support the sale of oil from the region in the event of the Baghdad agreement and Erbil.

    Ihsanoglu said during a joint press conference with the President of Kurdistan, Massoud Barzani held in Arbil after meeting a number of Kurdish officials and attended (range Press), said that "Iraq's security and security of the Kurdistan region linked to the security and stability of Turkey, "adding that" Turkey is ready to support the region and Iraq in this side of the face of terrorism. "

    He said Ihsanoglu, "We discussed the humanitarian issue with respect to the displaced and humanitarian aid, which has to be submitted to them," noting that "there are two million people displaced from areas in Iraq and the Turkish government has provided humanitarian assistance to those displaced as much as possible, including the opening of a number of camps for them in the province of Dohuk. "

    said Ihsanoglu, that "Turkey has economic links with Iraq $ 12 billion, eight billion including Turkey investment in the Kurdistan region," noting "The presence of 500 Turkish companies to invest and 1800 Turkish working in the region."
    He noted Ihsanoglu, that "Turkey would like to support trade and development with the region and Iraq."
    Ihsanoglu said that "our meetings Baghdad government has been positive, and we have some observations that we have moved into the region also during our meeting today , and we hope that this positive atmosphere to be on the ground, too, "he said, adding that" Turkey will support the sale of oil through the Kurdistan region in the event of an agreement between Baghdad and Erbil. "

    For his part, said the province of the President of Kurdistan, Massoud Barzani that "the text of the territory agreement with Baghdad was Send territory salaries and we give 150 000 barrels of oil exports to Baghdad. "

    The Turkish Prime Minister Ahmet Davutoglu arrived, on Friday, to the city of Erbil, after one day of his visit to the Iraqi capital Baghdad and meeting with a number of Iraqi officials, while he will meet a number of officials in the Kurdistan Regional Government.

    The Prime Minister of Turkey, Ahmet Davutoglu, arrived in Baghdad on Thursday, and met with the Iraqi government, Haider al-Abadi, said that "as Iraq, Turkey and one in the fight against the difficulties and the face of terrorism", stressing his country's support for the Iraqi government in the areas all.

    The oil minister, Adel Abdul-Mahdi said, in (November 3, 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 a day at the disposal of the federal government, confirmed that the President of the Region Government will visit Baghdad at the head of a delegation to develop a "comprehensive" and constitutional solutions to resolve outstanding issues.

  5. #5

    Re: The Dinar Daily, Friday November 21, 2014

    Tariq al-Hashimi: Turkey will not hand over any Iraqi politician

    Khandan -
    Iraqi Prime Minister Haider al-Abadi him his Turkish counterpart Ahmet Davutoglu List Bmtalobin to Baghdad and listed on the terrorism list.

    A government source told the newspaper the beginning of the «Middle East» that "the summit wanted to Baghdad and residents in Turkey Tariq al-Hashemi, a former deputy president of the republic, which is charged at the time of Nuri al-Maliki, the former president of the Iraqi government, the issues of terrorist involvement."

    The source, who declined to be named "at the top of the wanted list Tareq al-Hashemi and his brother Ahmed al-Obeidi, and the staff in his office working with him in Istanbul, and that both of Harith al-Dhari, Adnan al-Dulaimi, within the wanted list, being the Atrddan on Turkey to hold meetings and meetings that Baghdad believes it is targeting the political process in Iraq. "

    In a telephone conversation «Middle East» with al-Hashemi, is currently resident in the Qatari capital Doha with his family and his brother-Obeidi, said "do not have my current information about the presence of my name within such a list, because I have not committed any crime, but I am innocent, and everyone knows that al-Maliki was behind this issue for political reasons to discredit me and Sunni Arab leaders, "warning that" al-Maliki is committed inhuman genocide resulted in the deaths of thousands and tens of thousands arrested, and his trial should have been rewarded rather than the position of Vice President of the Republic. "

    And cross-Hashemi for "regret that the Iraqi prime minister (Abadi) to deliver such a list while we were waiting for his steps and reforms flowing towards national unity, it is unfortunate that the act in this way with a neighbor country like Turkey, which should strengthen relations with them," adding that "Turkey will not be subject to such blackmail, it is a country with the principles, and its leaders have values, and will not be subject to such actions, and will not hand over Iraqi or other politically because they know the truth. "

    Hashemi repeated his request to appear "in front of an Iraqi court operates according to the principles of the international court to prove my innocence, and will not ask for pardon because I originally was innocent."

  6. #6

    Re: The Dinar Daily, Friday November 21, 2014

    Parliamentary power: the Kurdistan region will participate in the preparation of a draft oil and gas law

    Khandan -ali Naji confirmed the Commission on oil and energy parliamentary, the Kurdistan region and the oil-producing provinces, will have a role in the preparation of a draft oil and gas law. The head of the Committee Ares Abdullah told (Khandan) that "the province and the oil-producing provinces like Basra, Maysan and Nasiriyah, will participate in the prepare a draft oil and gas law, because that constitutional right, "adding that" until now the government did not send the bill to the House of Representatives for approval, as he can not adopt the old drafts unless you get amendments and approve it.

    " He said Abdullah that "Iraq is now a vacuum legally, but the law must be legislation to regulate the oil work in the country ", stressing that" any law would not be passed until after it get consensus between the federal government and the province and the oil-producing provinces. "

  7. #7

    Re: The Dinar Daily, Friday November 21, 2014

    Anbar tribes mobilize ..!

    Announced Albu Fahd tribe in Anbar province, on Friday, on alert after attack in organizing Daash conclusive tribe east of Ramadi, pointing out that the children of the tribe were killed many of the elements of the organization, said that while the gunmen who attacked the region are displaced from other parts of Anbar.

    The head of the tribe, Sheikh Rafi Fahdawi said in an interview that "the tribe of Albu Fahd declared a state of alert in after an attack by Daash conclusive Tribe zones Alamadaj and Alsjaria east of Ramadi," pointing out that "the children of the tribe were killed several militants regulation and surrounded a number of them in one of the mosques of the the cutter. "

    "The militants entered the Daash tribe categorically false identities as students," noting that "those who attacked us are displaced from different areas of Anbar."

    The Anbar police chief Major General Kazim Fahdawi, announced on Friday (November 21, 2014), about the outbreak of violent clashes between security forces and members of the organization "Daash" in the city of Ramadi, after an attack by gunmen on the organization of the city's four axes.

  8. #8

    Re: The Dinar Daily, Friday November 21, 2014

    Americana Group to Open 35 Additional TGI Fridays™ Restaurants by 2019

    KUWAIT CITY, Americana Group (Kuwait Food Company) and TGI Fridays today announced that they will significantly grow their partnership with a new agreement for Americana to open 35 new Fridays restaurants over the next five years. This agreement will give Americana a total of 90 Fridays locations by 2019.

    Earlier this year, Americana, the leading operator of casual and quick service restaurants across the Middle East and North Africa, celebrated the opening of its 50th Fridays restaurant in Al Jabriya, Kuwait. Next year, they will operate Fridays restaurants in nine countries when a new location opens in Erbil, Kurdistan.

    “We believe this agreement demonstrates our confidence in the Fridays brand and the brand revitalization strategy that the Fridays management team have put in place,” said Marzouk Al Kharafi, Chairman of Americana Group. “Fridays continues to prove itself as an industry leader, with global recognition and passionate guests, and we look forward to significantly increasing Fridays presence in these important markets.”

    The 35 new Fridays restaurants will be opened in Americana’s existing markets, demonstrating the strength of the Fridays brand performance in this region.

    “Americana is our largest international franchise group, and over the course of nearly two decades, they’ve cultivated into one of Fridays strongest and most enduring partnerships,” said Ian Saunders, President and COO of TGI Fridays International. “Americana demonstrates all the attributes of a great partner and we look forward to sharing even greater success in the future as we build upon our already strong leadership position in the Middle East.

    About Americana Group -

    Americana is the Middle East's most successful group of companies operating consumer foods, restaurants, and food-related products. This amazing success story started out in Kuwait in 1964 with the establishment of a small trading company, which then opened its first restaurant (Wimpy) in 1970. This was the region's first experience with international chain restaurants and was the beginning of Americana's rapid expansion in this field. This was followed with the establishment of the first meat processing plant in 1972 to cater for the restaurants' growing demand. With time, more Americana restaurants, food companies, factories, and brands were established and a high growth rate was always maintained. T

    oday, the group operates more than 1,500 restaurants with more than 35,000 employees across 17 countries between the Atlantic Ocean and Caspian Sea. The Americana Group operates international franchises like Hardee’s, TGIF’s, Krispy Kreme, KFC and Pizza Hut. The Americana Group’s portfolio also includes a wide range of consumer foods, manufactured in 18 factories, in 5 different countries, and marketed across the region with well-known names like Americana Meat, Americana Cake, Farm Frites, California Garden, Koki, Green Land and much more. For more information about Kuwait Food Company, please visit

    About TGI Fridays

    Founded in New York City in 1965, TGI Fridays, jointly owned by Sentinel Capital Partners and TriArtisan Capital Partners, operates over 900 restaurants in more than 60 countries. As the original casual dining bar and grill, Fridays offers authentic American food and legendary drinks, served with genuine personal service. Bringing people together to socialize and celebrate the freeing and liberating spirit of “Friday” was the concept’s founding premise, from which the brand promise “In Here, It’s Always Friday” was born. For more information, visit

  9. #9

    Re: The Dinar Daily, Friday November 21, 2014

    Sistani criticizes the delay in approving the budget and prepared to "obscene"

    Twilight News / renewed the supreme authority of Najaf, Ayatollah Ali al-Sistani, on Friday, criticism of the delay in approving the budget for this fiscal year, calling for the need to speed up approval by.

    The representative of the reference in the city of Karbala, Ahmed Safi, written in Friday prayers at the Al-Husseini saucer, which was attended by "Twilight News", "It is not clear now to the existence of an economic development plan or the government."

    "The state ministries but we do not see it does not collect the money at their disposal to serve the people, and then distributes them to the institutions that are subject to political parties, and these in turn are acting out to other resources according to each individual opinion."

    Net and continued, "Every year delayed approving the financial budget, and this is what happened in this year, he became even delayed approval obscene matter", calling for the need not to repeat those mistakes in the future, and to develop a comprehensive radical solutions to prevent any delay in approving the budget.

  10. #10

    Re: The Dinar Daily, Friday November 21, 2014

    Mladenov: political reforms in Iraq began

    Khandan – Nikolay Mladenov was considered representative of the Secretary General of the United Nations in Iraq, said that political reforms in Iraq have begun to resolve differences through with the Kurdistan region and the absorption of Sunni Arabs in the political process.

    Mladenov said in an interview with “Al-Jazeera” it continues the process of reforms in the new Iraqi government closely, pointing out that there are reforms in the armed forces file to the fight against corruption, as well as resolving differences between Baghdad and Erbil.

    He continued ‘on the ground monitor attempts to contact the Iraqi government with Sunni Arabs and their involvement in the government and provide guarantees for them to participate in the future to protect themselves and their areas of National Guard troops.’

    He stressed that it is important in this whole process of reform that began in Iraq and waiting for a lot of work in this area in the future.

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