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 onTHE 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.
https://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
Currency Auctions
Announcement No. (2826)
The latest daily currency auction was held in the Central Bank of Iraq on the 25-11-2014 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$) 193,754,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 193,754,000
Total offers for selling (US$) -----
Market Rate remains 1198.
Council of Ministers approved the rules of procedure and issued a number of decisions
Khandan - Federal Council of Ministers held its regular eleventh session in Baghdad on Tuesday, chaired by Prime Minister Haider al-Abadi, and issued by the Council following decisions:
1. Approval of Mayati:
1 / referral answer the Supreme Committee for the Relief and sheltering the displaced to the House of Representatives / Standing Committee on the verification of the suspicions raised previously after briefing the Council of Ministers.
2 / continue the work of the Supreme Committee earlier with some needed changes, according to the recommendation of the Committee.
3 / Council of Ministers recommended the Supreme Committee conducted a field follow-up to the conditions of the displaced and work to end the suffering.
4 / referral containing files on suspicion of corruption to the regulatory authorities.
5 / the Supreme Committee put mechanisms in coordination with all parties for the purpose of re-displaced people to their home areas and private liberated.
2. The issuance of the Rules of Procedure No. () in 2014, the rules of procedure of the Council of Ministers, according to the provisions of Article 85 of the Constitution with the switch Article (40) of it by adding the words (on the request of ten members), and discuss Add approving the budget to issues strategic and important in the next session.
3. The Council of Ministers decided to instruct the ministries and departments not associated with the Ministry not to promote transactions appointment of contractors to permanent staffing, except in the case of availability of functional degrees vacant, according to the federal budget in force and legislation and regulations of the law, and the necessity of taking into account the formal and substantive aspects of the contract that the formulas contract includes rights and obligations of the parties.
4. Approval by the Ministry of Displacement and Migration to allocate the amount of $ (200,000,000) dinars, only two hundred million dinars, which represents the proportion (2%) of the amount allocated to the ministry mentioned above under the Council of Ministers Resolution No. (293) for the year 2014, and of the amount (10,000,000,000) dinars, only ten billion dinars, in the form of administrative expenses of the Ministry of Displacement and Migration, due to lack of current annual budget allocations for the ministry earlier, the purpose of providing the best services.
5. Approval of the draft accession of the Republic of Iraq to the International Organization for Migration (IOM), which entered into force on 30.11.1954 Constitution Act, and forwarded to the House of Representatives, according to the provisions of Article (61 / item I) and (80 / second item) of the Constitution.
6. Adoption of Minutes of the settlement agreement signed between the Iraqi delegation negotiating with the company (Servaas) dated 05.09.2014 and the US, which was approved by the Minister of Justice, dated 10/02/2014, and the authorization of public debt and the Department of Legal Department of the Ministry of Justice contact companies listed on the installment amount annual installments.
7. did not get approval to cancel the text contained in sequence number (8) of paragraph II of the Council of Ministers Resolution No. (321) for the year 2014, which states Mayati: (from included a general amnesty or special and returned to commit the crime (misdemeanor or felony).
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Council of Ministers approved the rules of procedure, after years of procrastination Maliki
Long-Presse / Baghdad An official source in the government said that the Council of Ministers approved at its usual Tuesday, its rules of procedure, and after years of procrastination former Prime Minister Nuri al-Maliki, in approval.
The source did not give additional details about the formula that settled disputes through the blocks, but he said "they had agreed on all points, and the rules of procedure is acceptable to everyone now."
Remained Maliki clings not to approve the rules of procedure, and refuses to urgent requests from other blocks, in order to give himself more freedom in government decision-making, what promise rivals unique in power, and the absence of rules and how to make decisions in the Council of Ministers, and promised that the constitutionality of a clear violation.
The adoption of this system, the commitment of the Government of Haider al-Abadi, the political agreement which produced his booth ministerial deal, which provided for the many reforms in the army and the judiciary and independent bodies, and in the same cabinet.
The "long" got a modified version of the semi final, the draft rules of procedure of the Council of Ministers, which is supposed to present to vote, and include the restructuring of the Secretariat and the Office of the Prime Minister and the important changes was evading including the former prime minister. She stressed the Liberal bloc earlier, that the amendments were minor on the draft rules of procedure, which included voting mechanism within the Council of Ministers, and the requirement of a majority of three-fifths to pass major decisions, and not to calculate the minister acting as he gets in the era of Nuri al-Maliki, and the granting of powers of the more effective Congress Prime Minister .
The tributary Jabouri, spokesman Haider al-Abadi's office, said earlier this month, "The Council of Ministers discussed the rules of procedure during its meeting held on the fifth of November," stressing that "Dr. Haider al-Abadi, face legitimizes within a time period not exceeding two weeks" in a reference to the need for further discussion on it. He Jabouri told the "long-Presse", that "an internal system of the Council of Ministers is part of the reform pledged by the current prime minister," stressing that Abadi "Egypt on the work of his council under this system."
https://www.almadapress.com/ar/news/40223/%D9%85%D8%AC%D9%84%D8%B3_%D8%A7%D9%84%D9%88%D8%B2% D8%B1%D8%A7%D8%A1_%D9%8A%D9%82%D8%B1_%D9%86%D8%B8% D8%A7%D9%85%D9%87_%D8%A7%D9%84%D8%AF%D8%A7%D8%AE%D 9%84%D9%8A_%D8%A8%D8%B9%D8%AF_%D8%B3%D9%86%D9%88%D 8%A7%D8%AA_%D9%85%D9%86_%D9%85%D9%85%D8%A7%D8%B7%D 9%84%D8%A9_%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9 %8A
Parliament to raise its 31st day after tomorrow, Thursday
Long-Presse / Baghdad Decided Presidency of the Council of Representatives of Iraq, on Tuesday, to adjourn the meeting of the 31, of the legislative term first legislative year, the first of the third parliamentary session to the day after tomorrow, Thursday, in the meeting witnessed postpone the first reading of the draft and the Department of Transportation Act, ending the first and second readings of the four laws.
A parliamentary source said in an interview with the (long-Presse), "The House of Representatives Speaker Salim al-Jubouri, decided to adjourn the meeting of the 31 of the legislative term first legislative year, the first third of the parliamentary session to be held the day after tomorrow, Thursday," noting that "the meeting saw the postponement of the first reading of the draft Department of Transportation Act. "
The source, who asked not to be named, said: " A session saw the first reading of the draft law on ratification of economic and scientific cooperation between Iraq and Bulgaria Cooperation Agreement Act, the first reading of the first draft amendment to the Law on the Protection of mass graves Law No. (5) for the year 2006 ".
The source explained that "the meeting included the second reading of the draft law on ratification agreement on the encouragement and protection of investment between Iraq and the Government of the Hashemite Kingdom of Jordan, the law, and the second reading of the draft ratification of an agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait to encourage mutual investment protection law."
The Iraqi Council of Representatives, held on Tuesday, its the 31 of the first legislative term of the first legislative year of the third parliamentary session chaired by President Salim al-Jubouri, and the presence of 227 deputies, while meeting will see the swearing-in of the members of the House of Representatives who hold government positions and the first and second readings of the five bills.
https://www.almadapress.com/ar/news/40231/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B1%D9%81%D8%B9-%D8%AC%D9%84%D8%B3%D8%AA%D9%87-%D8%A7%D9%84%D9%8031-%D8%A5%D9%84%D9%89-%D8%A8%D8%B9%D8%AF-%D8%BA
Council of Ministers approved the rules of procedure and issued a number of decisions
Khandan - Federal Cabinet held its regular eleventh session in Baghdad on Tuesday, chaired by Prime Minister Haider al-Abadi, and issued by the Council following resolutions:
1. Adoption of the Mayati: 1 / referral answer the Supreme Committee for the Relief and sheltering the displaced to the House of Representatives / the Standing Committee on To verify the suspicions raised previously after briefing the Council of Ministers. 2 / continue the work of the Supreme Committee earlier with some needed changes, according to the recommendation of the Committee. 3 / recommended the Council of Ministers of the Supreme Committee conducted a field follow-up to the situation of displaced people and work to end the suffering. 4 / referral containing files on suspicion of corruption to the regulatory authorities. 5 / the Supreme Committee put mechanisms in coordination with all sides for the purpose of re-displaced people to their home areas and private liberated.
2. The issuance of the Rules of Procedure No. () in 2014, the rules of procedure of the Council of Ministers, according to the provisions of Article ( 85) of the Constitution, with the switch of Article (40) of it by adding the words (on the request of ten members), and discuss Add approving the budget to strategic issues and important in the next session.
3. The Council of Ministers decided to instruct the ministries and departments not associated with the Ministry not to promote transactions the appointment of contractors to permanent staffing, except in the case of availability of job grades vacant, according to the federal budget in force, legislation and regulations applicable law, and the necessity of taking into account the formal and substantive aspects of the contract that the formulas contract includes the rights and obligations of the parties.
4. Approval by the Ministry of Displacement and Migration to allocate an amount of ( 200,000,000) dinars, only two hundred million dinars, which represents the proportion (2%) of the amount allocated to the ministry mentioned above under the Council of Ministers Resolution No. (293) for the year 2014, and of the amount (10,000,000,000) dinars, only ten billion dinars, in the form of administrative expenses of the Ministry of Displacement and Migration, due to lack of ongoing annual allocations to balance the ministry earlier, the purpose of providing the best services.
5. Approval of the draft accession of the Republic of Iraq to the International Organization for Migration (IOM), which entered into force on 30.11.1954 Constitution Act, and forwarded to the House of Representatives, according to the provisions of Articles (61 / item I) and (80 / second item) of the Constitution.
6. Adoption of Minutes of the settlement agreement signed between the Iraqi delegation negotiating with the company (Servaas US) dated 05.09.2014 and approved by the Minister of Justice on 2/10 / 2014, and authorize the Public Debt Department and Legal Department at the Ministry of Justice contact companies listed on the installment amount of annual installments. 7. did not get the approval of the cancellation of the text contained in sequence number (8) of paragraph II of the Council of Ministers Resolution No. (321) for the year 2014, which states Mayati : (from included a general amnesty or special and returned to commit the crime (misdemeanor or felony).
https://www.xendan.org/arabic/drejaA.aspx?=hewal&jmara=7589&Jor=2
Representatives hearing witness read the First Amendment to the Law on the Protection of mass graves
BAGHDAD / Obelisk: Hold the House of Representatives, on Tuesday, the 31 headed by its regular Salim al-Jubouri, and the presence of 227 deputies, with parliamentary source that the meeting will read and discuss a number of laws.
The source said in an interview I followed "obelisk" "The House of Representatives held its 31st headed by Speaker Salim al-Jubouri, and the presence of 227 deputies," noting that "the meeting will witness the swearing-in of the members of the House of Representatives who hold government positions and replacements for those who have held ministerial positions or deputies President of the Republic. "
The source, who asked not to be named, said: "The meeting will also see the first reading of the draft law on ratification of economic and scientific cooperation between Iraq and Bulgaria Cooperation Agreement Act, the first reading of the first draft amendment to the Law on the Protection of mass graves Law No. (5) for the year 2006, the first reading of the draft and the Department of Transportation Act ".
The source continued that "the agenda of the meeting also includes the second reading of the draft law on ratification investment promotion and protection between Iraq and the Government of the Hashemite Kingdom of Jordan Convention on the Law, and the second reading of the draft ratification of the Convention between the Government of the Republic of Iraq and the Government of the State of Kuwait to encourage mutual investment protection law."
It is said that the Presidency of the Council of Representatives, filed in November 17, 2014, the regular session of parliament to Tuesday, while the meeting witnessed the oath of the President of the Badr Organization, Hadi al-Amiri's performance as a member of Parliament and hosting Oil Minister Adel Abdul-Mahdi, in addition to the postponement of the second reading of the two laws.
https://almasalah.com/ar/news/41974/%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%AA%D8%B4%D9%87%D8%AF-%D9%82%D8%B1%D8%A7%D8%A1%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%A7%D9%84%D8%A3%D9%88
Oil Minister: Current oil prices are not acceptable
BAGHDAD / Obelisk: Iraqi Oil Minister Adel Abdul-Mahdi said that the current oil prices are not acceptable and that he "should do something" about the prices .
In response to such as the OPEC meeting in Vienna this week, the question of whether the price is acceptable, said Abdul-Mahdi, it is not so .
He said in response to a question whether he should be for OPEC to cut production "should use all means to raise prices . "
And statements in favor of cutting production sharply conflict with Saudi Oil Minister Ali al-Naimi, who arrived earlier to Vienna's remarks and said he was "very happy" ahead of the meeting scheduled for 27 November.
https://almasalah.com/ar/news/41953/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7--%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%AD%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D9%8A%D8%B3
Maliki in the dialogue: the popular crowd stopped the fall of Baghdad did not offer pledges to Saudi Arabia
BAGHDAD / obelisk said Iraqi Deputy Prime Minister Nouri al-Maliki said Iraq refuses to be a follower of any state and has a sensitivity to the sovereignty and independence of the decision.
Maliki said that he "predicted wind black winds will enter Iraq from Syria," stressing that "the popular crowd stopped offering terrorists and prevent the collapse of the army and the fall of Baghdad, but no Iranian support for the Iraqi situation is very difficult."
He said Nuri al-Maliki in an exclusive interview with Al-Alam TV news and I followed, "obelisk", that "it is very natural that be my problem with Turkey as a result of interventionist policy adopted in Iraq, which is natural that we have a problem with Saudi Arabia, which erected us hostility because of the execution of Saddam, who was executed Under the law and the judiciary. "
He added, "We want fraternal ties as neighbors and friends, but that Turkey adopts a clear and explicit sectarian issues and supports violence in Iraq and Syria, until it comes to dropping aircraft limit," calling "the Turkish government to place restrictions on its borders and its policies so as not to be a matter of differences controversial in the region. "
And Maliki strongly refuted statements Arabia that "al-Maliki gave her a paper signed by 13 paragraph."
He said that "Iraq and the prime minister did not provide any paper pledges to Saudi Arabia and this weird thing, and I challenge to come in one line of these commitments," adding, "keen to establish good relations with Saudi Arabia did not give any pledge to any one."
On relations with the United States Maliki said: "From the first day he became the prime minister told the US ambassador that he should know and learn the America that I was not America's man in Iraq, I am a man of Iraq."
He added that "the United States, as well as Saudi Arabia and Turkey were also angered by the position of Iraq from Syria because Iraq did not stand on the issue of the embargo against Syria, and I said explicitly that the blockade is immoral because you Hasrtm Iraq 12 years did you shoot through the system of values in which 0.12 years Saddam was staying, and people hungry ".
He continued, "I have had disagreements with Syria was between us and Syria problems on the back of the position of the arrivals to us from the terrorists and occurred complaint between us and Syria at the United Nations, but when the matter up to the HTC sanctity of the region and usurped by this title, we are defending the region and the Syrian people and relationships existing between us. "
Al-Maliki said "terrorism culture originated in takfiri environment and fatwas issued in Mecca and Medina and unanimously to atone Shiites and other Muslims and atonement of working with the Iraqi government days was the Americans present,"
He believed that "Saudi Arabia as a government uncomfortable and is not satisfied with the actions of the religious institution (the Commission for the Promotion of Virtue and Prevention of Vice) because they receive a heavy shadow over the country's status, and put Saudi Arabia on the culpable it or not, because the elements (religious institution) moving at home and with their own money and taking advantage of the reputation Grand Mosque in Mecca and the Prophet's Mosque, and that Saudi Arabia wishes to get rid of the religious establishment approach. "
Maliki pointed to the formation of the international coalition, despite observations on the way he entered the legal and the lid and to the other, but in practice benefit even though it was simple and far between strikes, and help ethnic army by hitting targets and columns and gatherings insurgents, but it does not resolve the issue of terrorism.
Maliki said: "When you start the events in Syria warned Iraqi officials, two and a half years of them before, and predicted wind black winds will come to Iraq, because of the open border with Syria and massive support for terrorists, as well as communication between the terrorists in Iraq and Syria, and the background of sectarian."
He pointed out that the reasons for the Iraqi army's withdrawal from the city of Mosul, but were the result of orders issued to them through a message telling them that they came not to fight, but to fight al-Maliki and the Shiites only.
"I actually commander of the Third Division of Mosul have pulled out before the attack, while others have walked before and during the attack as well, which led to the collapse of the Iraqi army there," he said, "were sentenced to death their right."
He stressed that "the Iraqi state was able manner the popular crowd to stop the state of collapse of the Iraqi army, and almost collapsing Baghdad after Takvel and induction of Iraqi soldiers to withdraw from the outskirts of the capital," he said, adding that he filled the regiments and military units in the vicinity of Baghdad, volunteers, and issued arrest warrants for every officer calls Altakvel and withdrawal and defeat. "
He said al-Maliki, that were it not for the popular crowd had collapsed more than one region, he felt Iraq does not have the option of non-mass mobilization. "
Maliki said, "Iraq has achieved major victories old aircraft Sukhoi purchased or provided by the Islamic Republic of Iran."
He said, "The American side has F-16 aircraft delivered deserved, even if the Americans handed over to Iraq was supported by the armed forces without the need for the international coalition."
Regarding the consultants Americans and their presence in Iraq, Nuri al-Maliki said the launch of the adjective "experts" on these Americans because every weapon comes has to come with experts and this is natural, but the launch of a recipe advisers, the Iraqi forces have the expertise surpasses US consultancy, private and progress happened in the rock cliff came Mujahideen field experience.
He said Iraqi Vice President, that this statement, "I want a stable country on the basis of the Constitution and the rights and duties and national identity" is contrary to the principle of quotas, because the quota system in itself gives a sense of clustering and narrow on each other, belonging Altasba versus national belonging, and this is seen in the sessions during his reign, and before and after, which is also currently exist, considering quotas as blackmail of the state process.
https://almasalah.com/ar/news/41976/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D9%81%D9%8A-%D8%AD%D9%88%D8%A7%D8%B1-%D8%A7%D9%84%D8%AD%D8%B4%D8%AF-%D8%A7%D9%84%D8%B4%D8%B9%D8%A8%D9%8A-%D8%A3%D9%88%D9%82%D9%81-%D8%B3
High central bank sales in the auction today to more than $ 193 million
Baghdad- Central bank sales rose in the auction Tuesday to more than $ 193 million after it reached on Monday, 187 million and 705 000 dollars.
According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 193 million and 754 000 dollars at 1166 dinars to the dollar exchange rate and the participation of 16 banks."
He pointed out that "the quantity sold in cash amounted to 52 million and 545 thousand dollars, and the quantity sold Khawwalat amounted to 141 million and 209 000 dollars."
The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "
The statistical's [where] you make monthly by the Central Bank of the dollar sales reaching last October 4 billion, 151 million and 904 000 dollars.
According to the statistics that the bank auction sales of the dollar since the beginning of this year until the end of last month amounted to 41 billion and 109 680 000 Dolar.anthy
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