The Dinar Daily, Thursday December 4, 2014
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  1. #1

    The Dinar Daily, Thursday December 4, 2014





    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

    Estimate the shadow price of foreign currency:

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

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

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


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


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

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

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

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

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


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


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

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



    The Republic of Iraq – Ministry of Planning

    and

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

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

    1) the SIGR report…


    2) the Gold Article…


    3) the IIER report…


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


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


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


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


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


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

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


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

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


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


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

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

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





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

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

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

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

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

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

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

    __________________________________________________ ______________

    AND

    Coins put on the market !!



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

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

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

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

    waradana.com

    And

    CBI is preparing to issue a monetary metal parts



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

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

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

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

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

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

    and

    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

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

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

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

    ARTICLE LINK



  2. #2

    Re: The Dinar Daily, Thursday December 4, 2014

    Currency Auctions

    Announcement No. (2833)

    The latest daily currency auction was held in the Central Bank of Iraq on the 03-12-2014 results were as follows:

    DETAILS NOTES
    Number of banks 18
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 164,248,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 164,248,000
    Total offers for selling (US$) -----

    Market Rate 1197 !!

  3. #3

    Re: The Dinar Daily, Thursday December 4, 2014

    Parliamentary Security: The government will send a draft of the National Guard of the Parliament Act next week



    Khandan -ali Naji Committee announced the parliamentary security and defense, said the government will send a draft law to the National Guard, the House of Representatives next week.

    A member of the Committee MP for the Association of National powers Mutaiota told the "Khandan": "There have been discussions between the Commission and the Council of Ministers, the National Guard Law, it was agreed to send a bill to the House of Representatives, during the next week after the cabinet vote him ".

    He said Mutaiota that "the majority of the political blocs to see that there is an urgent need to send the bill to the Council of Representatives for approval in order to ensure the sons of tribal rights and popular crowd, who are fighting against Daash," noting that "the formation of the National Guard is one of the government program items, but does not have a political objection from hand, the idea of ​​forming ".

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  4. #4

    Re: The Dinar Daily, Thursday December 4, 2014

    sczin11- I think it is a good time, to reflect on a short history! Over the last 15 months we have seen many news articles on various countries meeting with Iraqi officials to repair and rebuild Bilateral Relations! We have seen many embassies opened, reopened, in both Iraq and the partner countries! We have seen international banks and businesses get licensed and open up in Iraq, to get in on ground floor of the NEW IRAQ! All this news leads to the same rhetorical question.... Why would this be happening, if not for the country progressing with their ER and MR? ................. NOW, in the last week, SAUDIA ARABIA. AND. QATAR make their announcements of coming into IRAQ! Why NOW?.... For bilateral trade at 1166 Dinar to each USD? I think NOT!


    Deputy: Qatar plans to open its embassy in Iraq next month, al-Jubouri, carrying a message from Qatar Ebadi



    MP for the National Federation of strongman Mohamed Karbouli, said Qatar is considering the development of a financial deposit in Iraqi banks to support the Iraqi economy

    Karbouli said within a parliamentary delegation currently visiting Qatar, headed by Salim al-Jubouri, head of the House of Representatives in a telephone interview from Qatar with the agency and all of Iraq [where] that "Qatar and through our meetings with officials planned to open its embassy in Iraq next month."

    He said the "depository financial and credit the country may be for two years Aoethelat contribute to Iraq's economic and strengthen the Iraqi capital of banks, a positive step."

    Karbouli revealed that officials in Qatar, al-Jubouri carried a letter to Prime Minister Haider al-Abadi dealing with the prospect of the relationship between the two countries and security cooperation and economic and banking, especially since Qatar has huge financial potential. "

    He pointed out that "the meeting of the President of the House of Representatives with the Attorney General of Qatar touched on several axes, the most important of extradition and the fight against corruption and other files in the strengthening of bilateral relations, considering that the majority of Qatar officials are of the ruling family who are the owners of the decision."

    The MP pointed out by the Union forces that "al-Jubouri was keen to have a cooperation between the countries in the region about the security situation in Iraq and how to help the security forces and the fight against crime and to give information about the terrorists who are infiltrating into Iraq from neighboring countries."

    Karbouli confirmed that "three presidencies working hard to involve the Gulf States in the fight against terrorism and arming the security forces and assist displaced Iraqis file, a file was present at the talks of the Iraqi delegation in Qatar."

    "The parliamentary delegation will conclude his visit to Qatar afternoon back to Baghdad."

    The Jubouri arrived in the Qatari capital Doha on Monday on an official visit lasted several days.

    He met with al-Jubouri and his accompanying delegation head of the Qatari Shura Council Mohammed Al Khulaifi and Foreign Minister Khalid al-Attiyah was discussed during the meetings to strengthen bilateral relations and the opening of the Qatari Embassy in Iraq.

    He also met with al-Jubouri, yesterday the Prime Minister of Qatar Abdullah bin Nasser Al Thani, announced the official statement of the Iraqi Council of Representatives "The two sides stressed that bilateral relations between the two countries Schhada wide open in the coming days" .anthy 2.

    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%3D3296206&usg=ALkJrhgIVUorOt8aOd0A7XPa5SAmpPTUkg
    Last edited by sczin11; 12-04-2014 at 02:09 PM.

  5. #5

    Re: The Dinar Daily, Thursday December 4, 2014

    Infallible meet Mahmoud emphasizes the importance of efforts ...



    The President of the Republic Fuad Masum, efforts should be made to the judiciary development and adoption of the principle of integrity and professionalism in the judicial work.
    This came during a meeting between the infallible head of the Supreme Judicial Council, Medhat al-Mahmoud, where it was stressed that is not the arrest of any person outside the legal frameworks in place in order to entrench the independence of the judiciary and the rule of law in the form which ensures support for national reconciliation and achieve justice and ensure the legitimate rights of citizens to live in freedom and dignity.

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  6. #6

    Re: The Dinar Daily, Thursday December 4, 2014

    Iraqi Stock Exchange: Central demands return of confidence to domestic banks



    Counting Iraq Stock Exchange, on Wednesday, according to the newspaper term that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of citizens out, low cash liquidity and price traded, while asking him to take swift action to activate the banking movement and revival the national economy, felt that the government austerity "will not affect" in the stock market work.

    The head of the Securities Commission, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The recent actions by the imposition of the Central Bank of Iraq, under the tutelage of a number of private banks, because of problems with them, shook the confidence of the citizens of those banks, which led to the withdrawal of many of them and their deposits, and the reluctance of others to deal with it, "adding that" it has caused the reduction of cash to tack banks and reduce the trading price of its shares in the stock market to a very large extent. "

    Saadi said, that "the Central Bank of Iraq when a spectator standing on a task of private banks in the country, without that can be placed where withdraw their money, because of the lack of liquidity, a strong motivation in addition to loss of confidence in those banks," the central bank, demanding that the "action Links contribute to the revitalization of the banking group and the revival of the national economy, and to enable private banks to operate freely and re-citizen's confidence in them. "

    And saw the head of the Securities Commission, that "the austerity measures, which proceeded to the Iraqi government toward economic and investment transactions, will not affect the National Stock Exchange of work," attributing it to "the nature of the stock market work, which depends on the liquidity of citizens, companies and factories operating."
    He said al-Saadi, that "austerity will not be reflected in the work of the stock market, whether negative or positive," adding, "Although the market is affected by a natural estimated liquidity of the citizens, because they do not exist will certainly lead to the circulation of traffic."

    The central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, while stressed banking source, then, the bank put a financial sergeant to inventory assets of the bank and put a two-step for the advancement of his or liquidated after the final payment of his clients' money.

    Ditto the Central Bank of Iraq that Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014), without the bank's deposits and restores citizens yet.

    The Prime Minister, Haider al-Abadi, had revealed earlier, during a press conference after a meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and that the Council will prepare a budget in which a spending military as a fait accompli, noting that the 2015 budget, will be based on the current 2014 budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations of falling over, for this, the Council of Ministers decided to austerity.

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  7. #7

    Re: The Dinar Daily, Thursday December 4, 2014

    Turkey would like to increase trade exchange with Iraq



    Twilight News Turkish diplomat Thursday / said his country would like to increase trade exchange with Iraq under the anticipated return of the relations between the two countries.

    The trade exchange between Iraq and Turkey in the last year, the size of about $ 12 billion, half of it with the Kurdistan Region of Iraq.

    The Turkish ambassador said on the sidelines of a meeting with Iraqi Minister of Trade in Baghdad that Ankara would like to activate the Iraqi-Turkish Joint Committee, which was her last meeting in 2006.

    He explained that the task of the Commission in the development of economic and trade relations between the two countries. He stressed his country's desire to sign a memorandum of understanding with the Ministry of Commerce and increase the volume of trade.

    The meeting Iraqi Trade Minister Mohammed Abdul Karim Mlas Turkish Ambassador also aims to discuss the issue of securing a meeting of the Iraqi and Turkish ministers during the upcoming visit of Prime Minister Haider al-Abadi to Turkey.

    The Iraqi minister said that the Iraqi and promising market and you need to Turkish goods that the convergence of approbation by the Iraqi citizen in the hope of increasing trade exchange between the two countries, which saw a decline because of the circumstances in the region.

    He called on Turkish companies to establish a specialized exhibitions inside Iraq, in addition to its participation in the next session of the Baghdad International Fair.

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  8. #8

    Re: The Dinar Daily, Thursday December 4, 2014

    Opening of an office of a British visa in Basra and talks to re-opening of the UK Consulate



    Baker with Albzona
    Head of the Basra Governorate Council morning Albzona revealed today that Britain opening of an office in the province to grant British visa for those wishing to residents of southern Iraq to visit the United Kingdom, while noting his talks with the British ambassador to Iraq, Frank Baker, for the reopening of the British consulate in the province.

    He Albzona, in a statement to Radio tow, said the meeting with the British ambassador to Iraq, Frank Baker today in Basra, was to discuss the possibility of re-opening of the British consulate in the province, and the least is an office for Cultural Relations in Basra. "

    He pointed out that the goal of these discussions is to strengthen the old bilateral relations between Basra and Britain, amid talks with other world countries conducted by the local government, so what is going through Basra stage pave the way for turning administrative during the coming period towards decentralization and any other administrative organization serving the city. "According to as saying.

    For his part, the British ambassador to Iraq, Frank Baker said, in a statement to Radio tow, that "talks with Albzona came after a meeting yesterday with the governor of Basra, together with the head of the British Council, in order to expand the horizons of the general cooperation between the two countries in general and the cultural, social and education English language in particular. "

    Baker said he was "search together with the President of the British Chamber of Commerce and investment with the local government of Basra, the possibility of opening a new office in Basra for the room in addition to attracting British companies to invest and participate in the reconstruction of infrastructure to maintain the reconstruction."

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  9. #9

    Re: The Dinar Daily, Thursday December 4, 2014

    The United Nations supports the plan of the four-year development program in Iraq



    Twilight News
    / memorandum of understanding was signed between the General Secretariat of the Council of Ministers and the United Nations Development Programme in Baghdad, confirming the United Nations Development Organization's commitment to support the Iraqi government in its efforts to achieve a 4-year plan for the development program.

    In a statement to the United Nations Development Programme that "the general framework of the government's development program 2014- 2018 identifies strategic priorities for all executive bodies in Iraq."

    The will of the United Nations Development Programme to provide the necessary human resources and technical support necessary for the Secretariat and its partners to achieve their desired objectives.

    The cross-Hamid Ahmed, Secretary-General of the Council of Ministers, during the signing of a memorandum of understanding with UNDP-on "Estimating the Iraqi government in building the capacity of the General Secretariat of the Council of Ministers, Aakeda hope to harness it to put the government's development program in place.

    READ MORE AT


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    Last edited by sczin11; 12-04-2014 at 07:21 PM.

  10. #10

    Re: The Dinar Daily, Thursday December 4, 2014

    Jubouri reveals from Qatar's intention to submit the three presidencies law to resolve the de-Baathification Commission



    The head of the House of Representatives Saleem al-Jubouri, on Thursday, said the agreement which formalized the government body's desire to real comprehensive reform in accordance with the principle of real change in Iraq's internal politics, noting that the three presidencies last meeting last Sunday dealt a bill ends a solution to the accountability and justice [ de-Baathification previously] and refer the matter to the courts.

    Jubouri said in a statement issued by his office on the sidelines of a meeting of the Iraqi diaspora in Qatar, the agency received all of Iraq [where] a copy of "some countries coveted Iraq because of mismanagement," noting that "our message that we carry for all the non-interference Bashúnna as we do not like ourselves that interfere in Húnkm, it is time for this country to settle down and make a decision on his own. "

    He said al-Jubouri, "the right of our people we have to Nhathm note to see the politicians to move to a better stage than it is," he said, adding that "efforts are being made ​​in order to overcome all the blockages that occurred during the previous period and to convince the Arab world the desire of Iraq Avenue cooperation in light of the challenges faced by the entire region In particular security challenge and its consequences and repercussions. "

    He Jubouri that "the crisis experienced by Iraq was the product of many errors," explaining that "the agreement which formalized the government was part of the treatment of these errors and the body of a desire to real comprehensive reform in accordance with the principle of real change in Iraq's internal politics that brings Iraqis nor dispersed and we Pending completion. "

    The President of the House of Representatives "and put several items we can in light of finding greater national reconciliation University notably the formation of the National Guard and file balance and everyone's participation in decision-making in addition to the issue of accountability, justice and the law of a general amnesty," pointing out that "the last meeting of the three presidencies eating submit a bill to end solution of the accountability and justice, and referral to the judiciary. "

    The prime minister Haider al-Abadi said in his speech international conference to combat terrorism, which was held yesterday in the Belgian capital, Brussels, "We are working to amend the law of accountability and justice, which refers to the de-Baathification, to facilitate the re-integration of a large number of former government officials who have not committed crimes against the Iraqi people, as We aim to address the problems of all the components of the Iraqi people. "

    The President of the Republic Fuad Masum said during a meeting with a senior delegation from the Justice and Accountability Commission, in the first of last September that "the time has come for a review and modify some of the paragraphs in the body law, and to be working away from selectivity and political considerations and the adoption of the principle of tolerance past to overcome." According to a presidential statement.

    For its part, the Justice and Accountability in 9 of last September, "warned strongly against attempts to reduce or curtail their work or calling for its abolition at all, and that once the solution body, the door may open to enter the Baathists and symbols to political work" normally "prompted Palmkhalv the Constitution" .anthy

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