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  1. #1

    The Dinar Daily, Saturday November 29, 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

    Iraq & Dinar Related News

    Abadi directs the Central Bank played an active role to stop money laundering

    Prime Minister Haider al-Abadi, said on Saturday that "foreign exchange flawless wide latitude even got to money laundering limit without supervision," stressing that "the threat from al (Daash) became away from the capital of Baghdad and its environs They are fully insured. "

    He Abadi, in his speech during the second banking conference in Baghdad that "the central bank to play its role to stop corruption, many of terrorism and organized crime depends on the transfer of funds without control and not to be intrusive, but preventive."

    He pointed out that "the new environment in Iraq completely differed from the former in the light of the Investment Law No. 94 of 2004 to give complete freedom to banks registered in Iraq and their work has become the issue of oversight of the preventive censorship hypothesis."

    He continued, "Iraq can not succeed in partnership between his sons and between the state and the private sector and the activities of the community and are keen to provide all possible assistance in this regard."

    He stressed Abadi, saying: "We need to reform movement and a wide emphasize that we are on the government's curriculum, which was approved by the House of Representatives during the first three months, which expires in 10 of next December the Council of Ministers has completed all the projects in the government curriculum and there are other timings for six months may finish Before that time, including the true partnership between the public and private sectors. "

    He said al-Abadi said, "A pillars Alassayash in the government curriculum approved by Parliament during the formation of the government is a true partnership between the private and government sectors, and this partnership we are talking about is not just slogans, but must accomplish a genuine partnership based on providing the best services to the citizens and to provide facilities for them."

    He added: "With regard to the banking work in the private sector we can not work in isolation from what is happening in the country and today we live challenges at various levels and we have a military action to counter Daash and terrorism where we moved from conflict to exist to bring out terrorism and Daash of Iraq and this will be achieved soon, without specifying Zmnala ceiling him But we must do more sacrifices Fdona capable of criminality in the intellectual and radical composition that is based crimes and warn them but we are ready to deal with them the steadfastness of the Iraqi people. "

    The Prime Minister stressed that "the Iraqi capital Baghdad and its environs fully insured has breaches occur, but the military threat to Baghdad has been paid to long-distance and today we fight for basic facilities cities and the day will come proximity full Salahuddin and Diyala to edit and there move from Anbar toward Nineveh."

    "There is another challenge, which is that Iraq is not living the whole case, Baghdad war and the southern provinces safe and these areas need to support economic activity and create jobs, and here comes the role of banks in supporting the movement of the economy," he said. "The third challenge is the reconstruction of cities and regions that have been destroyed because of Daash It needs great efforts and there are great opportunities in the private sector this role and this includes the economic sector to neighboring countries, including the Gulf. "

    He Abadi, that "only rely on the public sector in the provision of all services will not be entertained and this is not in Iraq, but the countries of the world and the role of the state fee policies and support for the private banking sector and we hope the private banking sector to be real with the government partner is not only linked to the government or support them in their activities. "

    He stressed "the need to do a double effort to attract savings to the citizens of these banks which millions of dollars a profit for all which is important and vital."

    He revealed Abadi said "cabinet works, currently, the two main first prepare a draft banking security law to be money and savings of citizens guaranteed, or second is the establishment of an investment bank backed by the state and is backed and provide him but do not run before a project to move it and hopefully done soon to give the the launch of a broad banking sector ".

    http://www.iraqpress...=108976&lang=ar

    And...

    Agenda of the meeting (33) Saturday (29) in November 2014

    First, read verses from the Koran.

    Second, swearing for ladies and gentlemen members of the House of Representatives who hold government positions and who occupied the bench for ministerial or vice-president positions.

    Third: the first reading of the draft law amending the legal provisions that prohibit courts from hearing lawsuits Law No. (17) for the year 2005. (Legal Committee ), (2 items).

    Fourth: the first reading of the draft law amending the Code of Criminal Procedure Law No. (23) for the year 1971. (Legal Committee ), (6 items).

    Fifth: The first reading of the draft law amending the judicial fees Law No. (114) for the year 1981. (Finance Committee ,Legal Committee ), (Article 31).

    Sixth: The first reading of the draft law telecommunications and informatics. (Commission services and reconstruction, the Committee on Culture and Information,Legal Committee ), (Article 42).

    Session begins: at one pm

    And...

    Political consensus to pass the budget in 2015 before the end of this year

    Baghdad-Iraq-Presse -29 November: detection Parliament rapporteur, Niazi architecture Ihsanoglu, on Saturday about the existence of consensus among the parliamentary blocs to pass a budget for fiscal 2015 by the end of this year. "

    He Davutoglu told reporters that the parliament is expected from the government budget today Augda and regret the delay until now. "

    Reassure the House of Representatives and the decision of the Iraqi people that "the 2015 budget will not exceed the current year in the approval of the people need it, but there will be discussions and demands it."

    The Council of Ministers held an extraordinary meeting last Thursday to discuss the budget in 2015 and decided to complete the discussion on Saturday to send the bill to the House of Representatives this evening in preparation for Agherarha.anthy (1)
    http://www.iraqpress...=108979&lang=ar

    And...

    Abadi confirms the need for Iraq to the reformist movement and wide for the advancement of its



    BAGHDAD / Source News / .. The Prime Minister said Haider al-Abadi, Saturday, that "Iraq can only succeed in partnership everyone, as he emphasized that the country needs to reform movement and wide to promote it.

    And Abadi said in his speech during the second banking conference in Baghdad and pursued Agency / Source News / "Iraq can not succeed in partnership between his sons and between the state and the private sector and the activities of the community and are keen to provide all possible assistance in this regard."

    He noted, "We need a reform movement and a wide emphasize that we are on the government's curriculum, which was approved by the House of Representatives and in the first three months, which expires in 10 of next December will be the Council of Ministers has completed all the projects in the government curriculum and there are other timings for six months may finish it before then, including the true partnership between the public and private sectors. "

    He added that "one of the pillars Alassayash in the government curriculum approved by Parliament during the formation of the government is a true partnership between the private and government sectors, and this partnership we are talking about is not just slogans, but must accomplish a genuine partnership based on providing the best services to the citizens and to provide facilities for them."
    He pointed out that "the new environment in Iraq completely differed from the former in the light of the Investment Law No. 94 of 2004 to give full freedom to banks registered in Iraq and their work has become the issue of oversight of censorship hypothesis to preventive as the foreign exchange also the wide latitude even to the extent of money laundering and without supervision at the central bank's performance this role to stop corruption Many of terrorism and organized crime depends on the transfer of funds without control and not to be intrusive, but preventive. "

    He argued that "with respect to the banking work in the private sector we can not work in isolation from what is happening in the country and today we live challenges at various levels and we have a military action to counter Daash and terrorism where we moved from conflict to exist to bring out terrorism and Daash of Iraq and this will be achieved soon, without specifying Zmnala ceiling him But we must do more sacrifices Fdona capable of criminality in the intellectual and radical composition that is based crimes and warn them but we are ready to deal with them the steadfastness of the Iraqi people. "

    He explained that "the Iraqi capital Baghdad and its environs fully insured has breaches occur, but the military threat to Baghdad has been paid to long-distance and today we fight for basic facilities cities and the day will come proximity full Salahuddin and Diyala to edit and there move from Anbar toward Nineveh."

    He continued, "Another challenge is that Iraq is not living the whole case, Baghdad war and the southern provinces safe and these areas need to support economic activity and create jobs, and here comes the role of banks in supporting the movement of the economy," he said. "The third challenge is the reconstruction of cities and regions that have been destroyed because of Daash It needs great efforts and there are great opportunities in the private sector this role and this includes the economic sector to neighboring countries, including the Gulf. "
    He said the "only rely on the public sector in the provision of all services will not be entertained and this is not in Iraq, but the countries of the world and the role of the state fee policies and support for the private banking sector and we hope the private banking sector to be real with the government partner is not only linked to the government or unreliable in their activities. "

    He stressed "the need to do a double effort to attract savings to the citizens of these banks which millions of dollars a profit for all which is important and vital."

    He revealed Prime Minister Haider al-Abadi for "Action Council of Ministers on two main themes, a preparation of the draft bank guarantee law and we are keen to push in this direction that the money and savings of citizens be guaranteed and it's the other set up an investment bank backed by the state and supported and provide him but do not run before a project to move it and hope done soon to give the start of a broad banking sector ".
    Last edited by AR Transplant; 11-30-2014 at 12:13 AM.

  3. #3

    Re: The Dinar Daily, Saturday November 30, 2014

    House of Representatives decision: there is no hope to send the budget to parliament today



    Confirmed the decision of the House of Representatives Niazi architecture Ihsanoglu, Saturday, that there is no hope of sending the Council of Ministers of the financial budget to parliament today, as pointed out that the parliament will take the legislative recess for a month in the event of non-receipt of the budget until midnight tomorrow.

    Ihsanoglu said in an interview for "Alsumaria News", "The House of Representatives will continue to hold its meeting for tomorrow," noting that "there is no hope of sending the budget by the Cabinet to parliament today."

    Ihsanoglu said that "Time Legislative Council to dismiss him continuously until 12 o'clock at night where he would end then," he said, adding that "in the event of non-arrival of the financial budget to the House of Representatives until tomorrow night, the Legislative Council will take a recess for a month."

    The House of Representatives decision Niazi architecture Ihsanoglu stressed, on Friday (November 28, 2014), that the arrival of the federal budget to the parliament, "is imminent," as he pointed to the lack of holiday current legislative

    The cabinet approved, in (November 27, 2014), amendments to the draft of the proposed budget in preparation for submission to the House of Representatives on Saturday evening, noting that it will be after the Board shall have a second review.

    The House Speaker Salim al-detection, in (November 26, 2014), the existence of preliminary indications of the arrival of the federal budget to Parliament before the end of the current legislative term, referring to the possibility of extending this chapter if the arrival of the budget during the coming period.

    http://translate.googleusercontent.c...X_hHpqZRX8Bd1w
    Last edited by AR Transplant; 11-29-2014 at 03:44 PM.

  4. #4

    Re: The Dinar Daily, Saturday November 30, 2014

    Start working unified card system



    Called on the Inspector General of the Ministry of Interior Mohammed Mahdi Mustafa, Saturday, the House of Representatives to the need for legislation and the Ministry of Interior Act and the draft national standard card "electronic card.".

    Mustafa said in a statement "The Ministry of Interior Act 1994 became Matanajh did not meet the ministry because it is old, and today the restructuring of the ministry doubled to four times, and we need to proceed from Parliament and the Ministry of Interior Act to regulate its larger"

    He added, "There, among other legislation that is in the interest of the work, including the National Electronic card project, which contracted with companies to implement it next year, which would eliminate a number of archives identity of the citizen and be all in one card identifiable, and therefore we need from Parliament that this law is prescribed service of the citizen. "

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3279182&usg=ALkJrhj_BEvYqW6udeHuOVg_hxUBdxtmDQ
    Last edited by AR Transplant; 11-29-2014 at 03:47 PM.

  5. #5

    Re: The Dinar Daily, Saturday November 30, 2014

    Abadi offers a 2015 budget to the House of Representatives



    Abadi offers a year's budget in 2015 to the House of Representatives

    Salim al-Jubouri confirmed the Speaker of the Parliament, Prime Minister Haider al-Abadi draft general budget of the 2015 law will be submitted to the House of Representatives tomorrow, Sunday, 11/30/2014.

    He said al-Jubouri, the House of Representatives during the session, which was held on Saturday, 11/29/2014: was scheduled to attend the Prime Minister Haider al-Abadi to provide the federal budget for fiscal 2015 at today's meeting, but the Council of Ministers felt to hold a hearing to complete the budget discussion this evening.

    He said al-Jubouri that the Prime Minister will attend on Sunday to the House of Representatives hearing to provide the budget on first reading to take place in the same session.

    He called al-Jubouri, the heads of parliamentary blocs to speed up the submission of the names of the members of the special government program and follow-up paper, the political agreement parliamentary committee, adding that tomorrow will see the meetings of the committees Alniabih to be followed by a session of the House of Representatives held to read the federal budget or host the Prime Minister.

    http://translate.googleusercontent.c...BiP4RrDqqHmxfA

    sczin11- Well, looks like no recess tomorrow...
    Last edited by AR Transplant; 11-29-2014 at 03:48 PM.

  6. #6

    Re: The Dinar Daily, Saturday November 30, 2014

    Kurdistan is likely to attend Abadi with the budget to Parliament tomorrow



    He favored the Kurdistan Alliance, the Sabbath, the cabinet vote on the 2015 budget during its meeting today, likely the presence of Prime Minister Haider al-Abadi with the budget to Parliament tomorrow.

    The Alliance MP Susan Baker told the reporter Agency / information /, that "there are positive indicators and consensus on the vote on the budget in 2015 in the Cabinet meeting today," indicating that "the Council of Ministers will send the budget bill to the House of Representatives tomorrow in order to read and vote on them." .

    Baker and suggested the presence of Prime Minister Haider al-Abadi with the budget to Parliament tomorrow.

    The office of Prime Minister Haider al-Abadi confirmed Saturday that the cabinet is determined to pass the 2015 budget, noting that the House of Representatives to extend legislative term in the event of budget reached him.

    It is noteworthy that the Presidency of the Council of Representatives decided on Saturday, the 33 to adjourn the meeting on Sunday, ended with the first reading of the draft law amending the legal provisions that prohibit courts from hearing Da'aoy.

    http://translate.googleusercontent.c...0wT9RY9NbUkBIA
    Last edited by AR Transplant; 11-29-2014 at 03:51 PM.

  7. #7

    Re: The Dinar Daily, Saturday November 30, 2014

    House of Representatives finish the first reading for 4 bills

    House of Representatives ended the thirty-third held by the Directors, today Saturday, 11/29/2014, headed by Salim al-President of the Council, and the presence of 242 deputies, the first reading for 4 bills.

    At the outset of the session, al-Jubouri said he was scheduled to attend the Prime Minister Haider al-Abadi to provide the federal budget for fiscal 2015 at today's meeting, but the Council of Ministers felt to hold a hearing to complete the discussion of the budget, adding that the Prime Minister will attend on Sunday to the House session to submit the budget to take place the first reading in the same session.

    The head of the council heads of parliamentary blocs to take into account the percentage of women's representation in parliamentary committees, referring to the readiness of the 20 bill for the first reading of the draft law of parties, including where it will be displayed on the agenda successively after taking the opinion of the relevant committees.

    Council ended the first reading of the draft law amending the legal provisions that prohibit courts from hearing lawsuits Law No. (17) for the year 2005, and sponsored by the Legal Committee in view of the fact that the Ministry of Oil and on how to deal with the cases brought against it on the opposition to prevent or laws seek compensation or wages ideals This task has been entrusted to a special committee headed by a judge and their decisions are subject to appeal before the Court of Cassation and make way for the ministry to carry out their without hindrance or delay in order to maintain the public money.

    Council completed the first reading of the draft amendment to the Code of Criminal Procedure Act No. 23 of 1971, and sponsored by the Legal Committee in order to organize the verdicts relating to a retrial and to achieve the principle of stability and to ensure that a serious request for a retrial way that contributes to the achievement of justice and ensure the rights of victims and preventing be a way to delay the implementation of the provisions.

    The Board completed the first reading of the draft law amending the judicial fees Law No. (114) for the year 1981 and provided financial and legal committees, which comes for the purpose of increasing the fees charged for certain transactions set forth in the judicial fees Law No. 114 of 1982 in line with current economic conditions and make a state of balance Among the services provided by the state to the citizen and the amounts of fees collected by the light of the services provided to him.

    The Board voted to approve in principle to resume the draft telecommunications law and information submitted by the committees services, construction, culture, media and legal legislation after the first reading of the law, which concerns the organization and management of communications and information technology sector in the Republic of Iraq and policy have to identify the competent authorities the process of allocation of frequency regulation and licensing and holidays completion and the protection of national wealth in these sectors and ensure the optimal use of the spectrum and to encourage investment in the telecommunications sector and ensure the protection of the interests of the beneficiaries and provide better services to them and keep abreast of technological development and support economic development in this area.

    Then called al-Jubouri, the heads of parliamentary blocs to speed up the submission of the names of the members of the special government program and follow-up paper, the political agreement parliamentary committee, adding that tomorrow will see the committee meetings that followed a meeting of the House of Representatives held to read the federal budget or host the Prime Minister.

    The meeting was adjourned to tomorrow, Sunday, 30/11/2014.

    http://translate.googleusercontent.c...jXyfwnUCKcwMkw
    Last edited by AR Transplant; 11-29-2014 at 03:55 PM.

  8. #8

    Re: The Dinar Daily, Saturday November 30, 2014

    Aajl..ris House of Representatives: 20 laws, including the law of parties ready for the first reading



    House Speaker Salim al-Jubouri said that "the project is ready Law 20 for the first reading of the draft, including the law of parties, and will be displayed on the agenda successively after taking the opinion of the relevant committees" followed ..

    http://translate.googleusercontent.c...GFI7tbcivqCofQ
    Last edited by AR Transplant; 11-29-2014 at 03:57 PM.

  9. #9

    Re: The Dinar Daily, Saturday November 30, 2014

    sczin11- Read every word!

    Parliamentary economy declares an end to the formulation of an economic program and calls for Parliament to be converted to a proposed law



    The Sumerian News / Baghdad

    Committee announced its economy and investment representative, Saturday, complete them for the formulation of an integrated economic program for the development of the economic reality of the country, and called on the Presidency of the parliament and the political blocs to support and turn it into a proposed law.

    The committee member said Ahmed al-Jubouri in a press conference held at the parliament building in the presence of a number of deputies of the Committee, and attended "Alsumaria News", "Investment Committee and the economy parliamentary finished drafting an integrated economic program contributes to the development and improve the economic reality of the country," adding that "the program will contribute to the fight unemployment and the fight against terrorism as well as strengthening the private sector. "

    Jubouri said that "the program is completed in terms of the discussions and will be ready for submission to the Presidency of the Parliament the next few days when," stressing "the need to support the political blocs of the program and not to involve him political conflicts."

    He called al-Jubouri Presidency of the Council of Representatives to "transform this program to a proposed law that strongly supported in an integrated manner."

    The Ministry of Planning, confirmed in (19 March 2014), that the phenomenon of delaying the adoption of the general budget and the reluctance of implementing the projects of companies, is one of the biggest challenges facing the national development programs, and criticized the lack of cooperation from the ministries and provinces with it in determining the financial achievement rates.

    http://translate.googleusercontent.c...TsgHC2rh7HY5Kg
    Last edited by AR Transplant; 11-29-2014 at 03:59 PM.

  10. #10

    Re: The Dinar Daily, Saturday November 30, 2014

    Abadi: the government going to send a draft bank guarantee bill to parliament for approval



    Prime Minister Haider al-Abadi revealed that the government going to send the draft law of the bank guarantee to the Parliament for approval as soon as possible, in a move to push the citizen to save the financial property in Iraqi banks.

    Abadi said in a speech in the development of the banking reality in Iraq conference in Baghdad that Iraq is moving towards the establishment of an Investment Bank of the State without the backing of his administration.

    He said al-Abadi said the government and by the tenth of next December have completed all projects within the government curriculum, according to the specified timings's three months and that other projects have been initiated three months ago and will be completed within the next three months, noting that a number of these projects seeks to create a partnership real between public and private sectors.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3279563&usg=ALkJrhhCvjvlKW-9d0mhD9Q8Cl3dUhAubg
    Last edited by AR Transplant; 11-29-2014 at 04:02 PM.

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