The Dinar Daily, Sunday December 28, 2014
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  1. #1

    The Dinar Daily, Sunday December 28, 2014

    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

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

    Estimate the shadow price of foreign currency:

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

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

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

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

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

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

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

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

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

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

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

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

    The Republic of Iraq – Ministry of Planning


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

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

    1) the SIGR report…

    2) the Gold Article…

    3) the IIER report…

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

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

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

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

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

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

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

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

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

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

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


    We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

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

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

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

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

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

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

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

    __________________________________________________ ______________


    Coins put on the market !!

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

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

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

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


    CBI is preparing to issue a monetary metal parts

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

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

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

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

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


    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

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

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

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


  2. #2

    Re: The Dinar Daily, Sunday December 28, 2014

    Currency Auctions
    Announcement No. (2853)

    The latest daily currency auction was held in the Central Bank of Iraq on the 27-12-2014 The Port on 28-12-2014 results were as follows:

    Number of banks 8
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 87,668,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 87,668,000
    Total offers for selling (US$) -----

    Announcement No. (2854)

    The latest daily currency auction was held in the Central Bank of Iraq on the 28-12-2014 results were as follows:

    Number of banks 12
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 136,540,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 136,540,000
    Total offers for selling (US$) -----

    Exchange rates

    Market Rate 1220

  3. #3

    Re: The Dinar Daily, Sunday December 28, 2014

    Government Abadi tend to impose taxes to cope with the economic crisis in Iraq
    28-12-2014 08:36 AM

    Combined developments on Iraq, perhaps pay in the next year in 2015, to impose taxes on citizens for the first time, especially in light of the fall in global oil prices and increased military spending, and the losses inflicted on the organization of the Islamic state attacks the oil and gas sector and trade volume.
    Detection and Finance Minister Hoshiyar Zebari, recently, for the start of his ministry and work to reduce the budget deficit in non-oil alternatives such as increased taxes and tariffs on goods
    Entering the country, but that this pressure will not include medicine and food.
    He acknowledged the Iraqi Council of Ministers, weekly, year 2015 budget, a $ 123 trillion Iraqi dinars ($ 107 billion) and the price of a barrel of oil to guess the value of $ 60, and referred to the House of Representatives for a vote, surpassing the 2014 budget, which spent without approval.
    It is expected the new draft budget deficit of $ 23 trillion dinars ($ 20 billion), and confirmed member of the Finance Committee in the Iraqi parliament, Ali Mohamed, the Government's intention to impose taxes on some public services and raise the government support them, such as electricity and water, and some oil derivatives and mobile phone services.
    Mohammed said that the government will go also to increase tariffs on some imports, especially electrical appliances, in order to reduce the fiscal deficit to balance next year, expressing concern that the Iraqi slide poor and middle affected by those decisions.
    Oil prices tumbled more than 48% in the past six months, and came down from the levels of $ 115 a barrel last June, to less than $ 60 a barrel transactions in December / this December, which means that the OPEC member Iraq has at least 190 million dollars per day of oil revenues, as production in the medium up to the limits of 3.5 million barrels per day.
    He called Muhammad, the Iraqi government to think of other alternatives Kalaguetrad from international banks or the adoption of the bond sale system and transform state-owned state enterprises into joint stock companies to attract a lot of private sector investment.
    A member of the Iraqi Chamber of Commerce, Falah al-Tayeb: Everyone's worried about the steps that the government intends to do, it will be the only Valmtather employee and the laboring class of
    Professions and trades owners who work daily wage.
    He adds Tayeb: 'with the continuation of the Iraqi dinar exchange rate unchanged against the dollar (1200 dinars to the dollar), the decisions that will lead to a rise in poverty in Iraq ratio, and thus the recovery and expansion of crime and social problems, which will be accompanied by such procedures scary rise in consumer prices.
    State Committee for poverty alleviation in Iraq and said, in statements published in 2012, that 38%
    Iraqi citizens at least live below the poverty line.
    The total Iraqi population of about 33.4 million people. Government data indicate that the number of poor people in rural areas than in cities, lesbian, the Iraqi government and sets the poverty line based on the calculation of the cost of the basic food needs of the per capita of $ 34.25 thousand dinars per month.
    Although Iraq spends about $ 5 billion a year on food distributed to the population, but the economic and social conditions and lawlessness, pushing millions of Iraqis into poverty.

    For his part, said the Parliamentary Finance Committee member Masood Haider site 'new Arab', the deficit treatment can not come by throwing the ball in the court of the poor, especially that no one knows whether these proposals have been studied and consultation with with specialists or not .
    Haider pointed out that the imposition of taxes and fees calculated as a proportion of total income for citizens, and its impact on the purchasing capacity of individuals, depending on their income levels, it is possible to impose taxes, duties on certain goods and services, but will lead to increased prices in the commodity chain and thus reduce the purchasing capacity of a pensioner who does not exceed his monthly salary of 400 thousand dinars, while high-income earners will be the impact on them is remarkable.
    And criticizes the observers, the lack of the Iraqi government, to data on its citizens income rules, and that there are significant differences between classes of people, while the salary exceeds some ten million dinars per month, it seems millions in the list of unscrupulous income, which requires government intervention and restructuring of the salaries of citizens, according to observers.
    He pointed out that the cancellation of one paragraph, expenditure items in the budget, give a yield more than this trend, such as the abolition of contact on Mobile granted to all officials of the Director of the Department or less and up to the highest levels in the state, or government vehicles operating expenses for personal purposes of the bill.
    Haider said, that the real problem lies in the deficit, as the expenditure is growing day after day without
    Control of the paragraphs, while oil revenues go down without treatment, due to the poverty of processors or the desire not to prejudice some expenses.
    It is scheduled to discuss Iraq's parliament this weekend, the federal budget for the state that the majority of its funds go to the ministries of defense and interior, as well as monthly and fund terrorism victims staff wages.
    And calls for the President of the independent Integrity Society Firas al-Baghdadi, the government has to move away from what affects the lives of citizens and the search for the heads of corruption and parts and work on the restoration of Iraqi funds frozen out of the country, as well as reducing the salaries of members of parliament and the government, amounting to a monthly 20 million dinars (17 dollars) per person of them.
    - See more at: http://translate.googleusercontent.c....FDM67dQf.dpuf
    Last edited by sczin11; 12-28-2014 at 10:06 AM.

  4. #4

    Re: The Dinar Daily, Sunday December 28, 2014

    Special / revive the Iraqi-Turkish Cooperation Council, opening the way for the 48 frozen agreement since 2009

    Baghdad-Iraq-Presse December -28: The Iraqi government on Sunday, in an agreement with the Turkish government to revive the Iraqi-Turkish Strategic Cooperation Council, is to make way for the application of the Convention on 48 frozen since 2009 include economic and political security files.
    A spokesman for the office of Prime Minister Saad al-Hadithi's / Iraq Press / "The visit of al-Abadi to Turkey and his meeting with Turkish officials have been successful and the task of being revived a lot of stalled files due to the cooling of relations at the time, including the activation of the Iraqi Strategic Cooperation Turkish Council, which stopped NRC since 2009, and is one of the most important results of his visit of Prime Minister Haider al-Abadi, "adding that" deliberative meetings between Kelly and the Foreign Ministry in Baghdad and Ankara had been agreed and which was preparing to activate the role of the Council. "

    He newborn, "The two countries signed agreements and memorandums of understanding, including many of the commercial, economic and oil sectors, in addition to discuss cooperation in the military field where the Turkish side expressed its desire to contribute to the training of members of the armed forces and security forces."
    The promise of the Committee on Foreign Relations of the House activate Iraqi Turkish Strategic Cooperation Council in the recent visit of Prime Minister to Ankara "a positive step."
    A member of the committee MP Rinas Gano's / Iraq Press / "The activation of this Council the first step to move the eight and forty other frozen agreement between the two countries concerning the security and economic situation."

    He added, "The activation of Iraqi-Turkish Strategic Cooperation Council will contribute to the improvement of the security situation, especially since Turkey has vowed to cut off the road on the supply of up to armed groups through Turkey."
    He continued, "The activation of this Council is linked to the first two-pronged serious Baghdad and Ankara through diplomatic joint action and the second for Iraq and the United States guarantees from Turkey in this regard." Ended (1)


  5. #5

    Re: The Dinar Daily, Sunday December 28, 2014

    Disclosure percentage contribution to the Iraqi Islamic Bank Company
    December 25, 2014 5:17Source: Iraq Stock Exchange

    Islamic Bank has offered her No. 7081/16 on 12/24/2014 (Disclosure) to implement the instruction No. 8 for the year 2010 (ii) Disclosure of changes in contributions by one point. More details are provided in the attached file


  6. #6

    Re: The Dinar Daily, Sunday December 28, 2014

    Book Iraq Stock Exchange (Acknowledgement) to the control section on trading

    December 28, 2014 6:40Source: Iraq Stock Exchange

    Based on our No. 2273 12/28/2014 in advance of the Iraqi market for securities administration Bashla and appreciation to the control section on trading for the efforts made ​​by you do wrong in the development of electronic trading and working with Project X-stream system and the implementation of the tasks entrusted to you the commitment of high-director.


  7. #7

    Re: The Dinar Daily, Sunday December 28, 2014


    This is another IMF REPORT...READ EACH PARAGRAPH, 1 by 1!

    Think about what each paragraph is suggesting be done, and match it up against what we have heard and seen Iraq has been doing...



    "IMF" calls for the Gulf to diversify the economy

    28-12-2014 09:30 AM

    Free - The International Monetary Fund called on the Gulf states to adjust the incentives of workers and companies to encourage them to work and production in the non-oil sector if the wills of success in diversifying their economies, especially after oil prices fell by 40 percent, since June last year.

    Abundant oil flows for decades and did not succeed in building a strong economy, the Arab Gulf States, with a time of reduced oil prices begin a spiral of problems surrounding the economies of the Gulf states, from a deficit of public budgets, and a decline in spending, followed by either postpone public projects was intended to be implemented or delay in the implementation of projects list.

    The IMF said in a report Saturday that "while governments have made in the Gulf region, some progress towards economic diversification in recent years, still requires much effort ', adding that' to make significant progress towards reducing dependence on oil, you need the governments of countries Gulf to change the structure of the economy to encourage individuals to work in the private sector, and stimulate companies to look beyond the local markets, to search for new export opportunities'.

    Required a new model

    And supports growth in the Gulf oil major source of export finance and revenue, which led to a strong economic and social repercussions.

    Over the years, the Gulf States raised the number of employees in the public sector spending on infrastructure, health and education, which led to a rise in living standards and support private sector activity, especially in the construction, trade, retail, transport and restaurants sectors.

    The IMF said a report that 'the current growth model suffers from weakness', stressing that increased diversification of the economy to reduce exposure to fluctuations in the global oil market, and help create jobs in the private sector, and the establishment of the non-oil economy is required in the future when dry oil revenues.

    The report cites examples of diversification of the economy in several countries across the media, including pumping investments in productive industrial sectors high, even in the absence of comparative advantage, and showed the first experiment in Malaysia, Mexico, Indonesia, that import substitution or reliance on labor-intensive industries a boost inefficient firms with limited scope to make profits and increase productivity.

    The change companies in those countries to approach despite starting from the low technological base, to the development of countries for its exports by focusing on manufacturing sectors and raise the level of technology.

    The use Chile exports and partnerships between the public and private sector support for the establishment of new companies, and raise the level of technical skills in specific sectors.

    The report said a model using foreign capital to promote the transfer of technology, a means of diversifying the economy, in the eighties, Indonesia has attracted foreign capital through the establishment of free trade zones, and provide tax incentives, reducing tariff barriers and non-tariff barriers, while Malaysia, Mexico has implemented similar policies, In Mexico, to join the North American Free Trade Agreement has played an important role in foreign direct investment, which facilitated the development of the automotive sector to attract.

    Among the ways to diversify the economy, the use of export subsidies, tax incentives, and access to financing to facilitate the carrying business risk, especially for small and medium-sized enterprises.

    Plays pumping investments in training to ensure the availability of highly skilled workers an important role in diversifying the sources of the economy, The establishment of industries that require capital and human skills relevant to this sector, along with the necessary infrastructure and industrial facilities. For example, Malaysia, Mexico, focused on training to upgrade workers' skills, and financed operations workers get training abroad, and with the passage of time, paid investments in training came to fruition in building a highly skilled work force.

    The IMF report offers lessons for the Gulf states, adding that further economic diversification requires a reorganization of the current incentives offered to companies and workers.

    Focused support diversification to secure a stable economic environment, and improve the business climate, investment in infrastructure and education policies, and these are all important steps in the right direction, and a degree of diversification of GDP, but did not address the effect of the distribution of oil revenues to the incentives.

    High wages and benefits generous encourages citizens in the Gulf States to look for work in the public sector rather than private, while the high government spending in a relatively protected local environment encourages companies to produce goods and services that are not negotiable, and in spite of some progress, did not check these policies a lot of diversification of exports in the Gulf, which is still mostly oil.

    The Fund stresses that measures to change the task of incentives to stimulate economic diversification in the Gulf states, which should include moving away from the use of the public sector as the first employer and the latter, and to ensure that provide education and training systems workers with the skills needed to work in the private sector, and the development of social safety nets to be more power to ensure a minimum income levels and support the activities of the job search. It should also take measures to address the lack of competition in some local markets in the Gulf, and reduce incentives for low production and export promotion.

    Last edited by sczin11; 12-28-2014 at 10:27 AM.

  8. #8

    Re: The Dinar Daily, Sunday December 28, 2014


    What about reconciliation?

    12/28/2014. 12:18

    Movement in the pool .. and active movement of the head of the government towards the neighbors and other countries in the region was full of blessings to be moving forward in securing the appropriate conditions to increase.

    Of these blessings that the Gulf states, led by Saudi Arabia, has become our partner in our fight against Daash and other terrorist organizations after years of ruin our relationship with them unnecessarily or national interest, they have taken measures to contain Daash, sponsors Gulf money and murderers, and gave us arms and joined the Alliance International, which helps us in our fight against Daash.

    Turkey, which was to Daash to be as it is today the risk of overwhelming destructive if it did not open its borders to him and help him logistically what enabled him that all this is an imminent danger to us and to others, now pledged to be of help to us in the fight against Daash. Of course we will not speak Turkish seriously until we see acts translate words, and must now be watching carefully for ascertaining the credibility of the words that he heard Mr. Abadi in Ankara.

    In any case, the least we achieve our movement, Mr. Abadi said the world is now more understanding of our plight, and he was ready folding the previous page and open a new chapter of cooperation with us on every level .. any opening for any country in the world is in our interest that lies in closer relations with all countries without exception, we are now the sick man of the East, which needs every hand extended to him. Who oppose the motion, Mr. Abadi strange position .. talk about "prostration" .. We inspect it does not even see his shadow .. our oil changed as oil prices declined by almost half, and Mr. Abadi did not sell our oil at a discounted price, as did others, and he did not give up for land and sovereign rights as Saddam Hussein did in the past ... This talk is part of a campaign seeking to impede the process of reform and change promised by Abadi and wait for him to accomplish.

    If there was no blaming him Abadi in active foreign movement it does not parallel with the movement of the same vigor and vitality at the outskirts of the domestic political crisis, with the survival of this crisis intact overseas movement will not Tnfna in something.

    We need Mr. Abadi to the movement of the same payment to achieve national reconciliation strength, and this starts to form a high place Commission pledged with the task of developing a program of reconciliation has the broadest national consensus .. this will not be to reproduce what was done by the Ministry of National Reconciliation and the Chancellery of national reconciliation, which Onafqata of public money hundreds of millions of dollars without any result.

    Required the Commission is required to hold working meetings to prepare a reconciliation program .. meetings not preceded or followed by banquets and meetings Tboois beards .. This glut our fill of it, and we no longer need it, but we did not need him in the foundation.

    Last edited by sczin11; 12-28-2014 at 10:37 AM.

  9. #9

    Re: The Dinar Daily, Sunday December 28, 2014

    President of the Republic issued a decree appointing Ismail Sahib new governor of Anbar
    Sunday 28 December 2014 - 12:10 Write a comment

    Suhaib Ismail, the new governor of Anbar
    The President of the Republic Fuad Masum, on Sunday, a decree appointing Ismail Sahib new governor of Anbar, succeeding Ahmed al-Dulaimi, who retired for health reasons.

    He said a presidential statement seen by Radio tow that the President issued a decree appointing Suhaib Ismail governor of Anbar Based on the Anbar Provincial Council introduced formally Ptobein Suhaib Ismail Mahmoud for the post of governor, the statement noted that the decree is implemented from the date of issuance and shall be published in the Official Gazette.

    The Anbar provincial council majority voted in this December 23 to elect a member of the provincial council, Suhaib al-Rawi governor of Anbar instead of Ahmed al-Dulaimi, who retired for health reasons.

  10. #10

    Re: The Dinar Daily, Sunday December 28, 2014

    The start of the Kuwaiti-Iraqi Higher Ministerial Committee meeting for the signing of agreements between the two countries

    December 2014 - 12:25 28

    Alsumaria News / Baghdad
    Early on Sunday, a source revealed the start of the Kuwaiti-Iraqi Higher Ministerial Committee meeting for the signing of agreements between the two countries.

    The source said in an interview for "Alsumaria News" that "the joint Kuwaiti-Iraqi Higher Ministerial Committee meeting, began in the capital Baghdad . "

    The source, who asked not to be named, said: "The meeting aims to sign agreements between the two countries."

    The Deputy Prime Minister and Foreign Minister of Kuwait Sabah Khaled Al-Hamad Al-Sabah arrived earlier Sunday, in the capital Baghdad on an official visit.

    The Foreign Minister Ibrahim al-Jaafari, had confirmed on Monday (December 22, 2014), the Kuwaiti-Iraqi joint committee will start work.


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