The Dinar Daily, Thursday January 8, 2015
Page 1 of 9 123 ... LastLast
Results 1 to 10 of 89

Thread: The Dinar Daily, Thursday January 8, 2015


    
  1. #1

    The Dinar Daily, Thursday January 8, 2015





    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 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″..

    __________________________________________________ ______________

    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 January 8, 2015

    Currency Auctions

    Announcement No. (2861)

    The latest daily currency auction was held in the Central Bank of Iraq on the 8-1-2015 results were as follows:


    DETAILS NOTES
    Number of banks 13
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 141,979,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 141,979,000
    Total offers for selling (US$) -----

    ​Market Rate 1223 !

  3. #3

    Re: The Dinar Daily, Thursday January 8, 2015

    The start of the parliamentary session, headed by al-Jubouri, and the presence of 247 deputies to discuss budget



    House of Representatives race began, on Thursday, its second session of the second legislative term of the third legislative year under the chairmanship of President of the Council and the presence of 247 deputies to discuss the budget bill.

    A reporter / information /, in Parliament, the President of the Council, Salim al announced the start of the second session of the second legislative term legislative year, the third to discuss the general budget for the year 2015 Act.

    He added that the meeting was attended by 247 deputies so far and the

    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%3D3400099&usg=ALkJrhi7ZwZ9fJBAigkxrd7InAZmWVo5wQ




  4. #4

    Re: The Dinar Daily, Thursday January 8, 2015

    Parliamentary reveals try Maliki's bloc obstruction pass the budget to thwart government Abadi




    Parliamentary reveals try Maliki's bloc obstruction pass the budget to thwart government Abadi

    A parliamentary source said, that Nuri al-Maliki's bloc in the state law attempts to block the pass the state budget during these days.

    The source said in a press statement that "there are more than 18 members of Maliki's bloc trying to block the pass and approve the budget as soon as possible in order for this success to Thinketh the current government headed by Haider al-Abadi.

    He added that members of Maliki's bloc trying hard not to pass the budget under the pretext of the oil deal, which recently took place between Baghdad and Erbil as the leading reasons for rejection. According to the report by the eighth day

    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%3D3400327&usg=ALkJrhjBxWIpOA6IIt9sCGHYzusMUZgipA

  5. #5

    Re: The Dinar Daily, Thursday January 8, 2015

    Quote Originally Posted by sczin11 View Post
    Parliamentary reveals try Maliki's bloc obstruction pass the budget to thwart government Abadi
    Parliamentary reveals try Maliki's bloc obstruction pass the budget to thwart government Abadi



    08-01-2015 12:05 PMFree -


    A parliamentary source said, that Nuri al-Maliki's bloc in the state law attempts to block the pass the state budget during these days.

    The source said in a press statement that "there are more than 18 members of Maliki's bloc trying to block the pass and approve the budget as soon as possible in order for this success to Thinketh the current government headed by Haider al-Abadi.

    He added that members of Maliki's bloc trying hard not to pass the budget under the pretext of the oil deal, which recently took place between Baghdad and Erbil as the leading reasons for rejection. According to the report by the eighth day

    http://translate.googleusercontent.c...CGHYzusMUZgipA

    So there are 18people going down with maliki that makes it easy to find them

  6. #6

    Re: The Dinar Daily, Thursday January 8, 2015

    News from the termination Issawi file soon and his judicial whitening



    BAGHDAD - Iraq Press - January 8: the center of a tug of war between supporters and opponents in the political process, revealed a source familiar with the "head of the Supreme Judicial Council, Medhat al-Mahmoud, received a notice to end the cases against the former Finance Minister, Rafie al-Issawi, whitening judicial his prelude to reproduce politically, "he described.

    The source said that "the Prime Minister, Haider al-Abadi, and officials at the US embassy told Mahmood need for direct supervision to resolve the claims against al-Issawi as soon as possible, indicated that there is an arrangement to schedule a special visit to Issawi to Washington," adding that "al-Issawi will appear elimination next week and hopefully be terminated Public judicial soon. "

    It is said that a number of politicians have already discussed the issue of acquittal Issawi wondering "if the cases against al-Issawi, there are real and documented judicial confessions by personal Hamayate how is the agreement to develop the screenplay for his release? If the judiciary politicized In this case, the elimination of the demands of closing down the issues and files a political target other no less important than the issue of al-Issawi, perhaps the most prominent case of Ahmed al-Alwani, either, if the subject is linked to providing political concessions Here lies the problem, "he described.
    Admiral ended.

    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%3D3400586&usg=ALkJrhgrxK-mE9zIbRVHT_rgwpbqN83nrA


  7. #7

    Re: The Dinar Daily, Thursday January 8, 2015

    Liberal: determined to approve the state budget over the next week

    Secretary General of the Liberal bloc Zia al-Asadi

    Tomorrow Press / Baghdad: the head of the parliamentary Liberal confirmed Zia al-Asadi, on Thursday, the House of Representatives is determined to pass the state budget over the next week.
    Asadi said for "tomorrow Press", "The potential problems are very weak due to higher coordination between the Council of Ministers and the House of Representatives and there is no obstacle to the adoption of the budget."

    He added that "the rest is just discussions taking place in the House of Representatives for the purpose of preparing the final version of the budget and then approving the budget."
    Asadi said that "the budget come to represent one of the challenges facing the government of Prime Minister Haider al-Abadi especially because of the approval of the previous session," stressing that "the government has taken it upon themselves to approving the budget until the state can fulfill its responsibilities."

    The Iraqi government approved in the 23 of December last on the budget bill for 2015 and identified a $ 123 trillion Iraqi dinars at a rate of deficit 23 trillion dinars, and the price of $ 60 per barrel of crude oil.

    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%3D3400770&usg=ALkJrhg5JV1GENZV0kQV65FnaWjP_ajNOw

  8. #8

    Re: The Dinar Daily, Thursday January 8, 2015

    Urgent ..alajabura: next week is the announcement of the parliamentary committees, including the [amendment of the Constitution and Article 140]



    The President of the House of Representatives, Saleem al-Jubouri, today, that next week will be the announcement of the formation of the first two committees to amend the Constitution and Article 140 for the second.

    Jubouri said in a statement today, the agency received all of Iraq [where], a copy of which, "The next week will see the announcement of a number of standing committees or private, including the Committee to amend the Constitution and Article 140" .itba

    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%3D3400890&usg=ALkJrhjSZpfRlsITK0yc-bR4_G26UgBa3w

  9. #9

    Re: The Dinar Daily, Thursday January 8, 2015

    Deputy for the National Alliance calls for the attention of non-oil imports and religious tourism



    Called the National Alliance MP Ali Safi, Thursday interest non-oil imports especially religious tourism, as he emphasized the need to take advantage of the millions of numbers visiting holy shrines.

    Ali said net during a press conference at the parliament building and attended (range Press), he "has to be non-interest-oil revenue especially religious tourism, including visits Kzaarh forty millions."

    The net, that "this visit is witnessing the arrival of the number of mega-annually every year increase and should benefit from them."

    The National Alliance MP Ali Fayad count, Thursday, adoption of the budget for the current 2015 current as a "danger to the Iraqi economy", as called for careful in approving and "in order to avoid mistakes not to rush", he stressed that the overall deficit up to more than 50%.

    The Iraqi Council of Representatives held on Thursday, its second session of the second legislative term of the first legislative year, led by Salim al-Jubouri, and the presence of 251 deputies, as witness the meeting to vote on the bill and the formation of a committee to investigate the reasons for the fall of the city of Mosul and the first and second readings of the five bills notably the general budget in 2015.

    The Presidency of the Council of Representatives of Iraq lifted, on Wednesday (January 7, 2015), the first session of the second legislative term of the first legislative year to Thursday, after discussing the financial budget for the current year 2015, and sworn in four deputies and an end to the first and second readings of four bills .

    The parliamentary Finance Committee announced on Wednesday (January 7, 2015), that the most prominent challenges facing the draft budget is a drop in oil sales and the growth of military spending and the migration of displaced families, as shown that general revenue total projected budget of (99.802) trillion dinars and by deficit (20.3%), confirmed the allocation (25.2%) of the budget for the expenses of security and defense, as I have described it as "the burden of the budget adopted austerity and pressure spending policy," pointing to the absence of reflecting the government's program, which was granted trust whereby in parliament in any of the budget items.

    He was prime minister for economic affairs adviser confirmed, in (January 3, 2015), that the taxes on the citizens would not be great but it will cover part of the budget deficit, noting that placed the government's plans to raise taxes and external and internal loans will cover the deficit, and called upon the expert economic to develop the collection system "is protected from corruption" to obtain the tax, a representative of the private banks confirmed that private banks will take their role in the next phase.

    The Finance Minister Hoshyar Zebari said last week at a news conference that the ministry directed ministries to impose taxes on services such as electricity, water and hygiene.

    She was a member of the Finance Committee in the House of Representatives Magda Tamimi announced, in (December 25, 2014), that "the new increase in the scale of the employees' salaries will not acted within the budget of 2015, as shown that the grades will be limited to some of the ministries, confirmed that cover the budget deficit will be of through taxes on the mobile phone and new cars online.

    The Iraqi Council of Representatives held on (December 25, 2014), held its own discussion of the financial budget of the special law for the next year in 2015, led by its President, Salim al.

    The Iraqi Council of Representatives, announced, in (December 25, 2014) that the Prime Minister Haider al-Abadi signed a draft financial budget bill for the next 2015, and sent it to the House of Representatives, as he emphasized that al-Abadi told to vote on it.

    He called on Iraqi Parliament Speaker Salim al-Jubouri, in (23 December 2014), to hold a special session to discuss the financial budget bill for the next year in 2015, after approval by the Cabinet.

    The Iraqi cabinet has approved, on Tuesday, (December 23, 2014), a project of public finance budget bill for next year 2015, while decided to allocate it to the House of Representatives for a vote.

    He announced the Information Office of the Prime Minister Haider al-Abadi, in (23 December 2014), the Council of Ministers approved the federal budget for 2015 B123 trillion dinars, and as pointed out that the price speculative oil was about $ 60 a barrel, most likely the House of Representatives held its about budget after eight days.

    The Parliamentary Finance Committee has revealed, in (14 December 2014), about the government's efforts to address the budget deficit because of falling global oil prices through a series of austerity measures that would provide at least $ 13 billion, the Commission predicted that the government resorted to dispose of 50 percent of the Rafidain and Rasheed reserves, as well as borrowing from the balance of the commercial bank and fund minors, as the Commission suggested that includes austerity "luxury expenses sovereign" which said it accounts for 10 percent of the country's budget.

    It is noteworthy that the Prime Minister, Haider al-Abadi, revealed in (the twentieth of October 2014), during a press conference following a meeting with religious Shiite, Ali al-Sistani, in Najaf, and attended, (long-Presse), to discuss the Council of Ministers on the balance three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, that's the Cabinet decided austerity.

    The experts and officials confirmed, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment of customs duties in the border ports and tax evasion.

    http://www.almadapress.com/ar/news/42236/%D9%86%D8%A7%D8%A6%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A7

  10. #10

    Re: The Dinar Daily, Thursday January 8, 2015

    Parliament form a committee to investigate the reasons the fall of Mosul, and raises its to Saturday



    Decided Presidency of the Council of Representatives of Iraq, Thursday, lifting the second session of the second legislative term legislative year, the first to the day after tomorrow, Saturday, with the meeting witnessed discuss the financial budget for the current 2015 law, and vote on the formation of a committee to investigate the reasons for the fall of the city of Mosul, however, the organization (Daash) and to postpone the vote on the Ministry of Health Act and an end to the first and second readings of the three bills.

    A parliamentary source said in an interview with the (long-Presse), "The House of Representatives Speaker Salim al-Jubouri, decided to raise the second session of the second legislative term of the first legislative year to the day after tomorrow, Saturday," noting that "the meeting saw a continuation of the discussion of draft financial budget for the current 2015 and vote on the formation of the Special Committee to investigate the reasons for the fall of the city of Mosul. "

    The source, who asked not to be named, said: "The Committee included Amer Alkhozai Representatives, Raad Faris, Abdul-Karim al-Naqib, of quitting, full-Zaidi, Qassim al-Araji, Ammar Tohme, Abdul Aziz Hassan, Abbas al-Khuzai, Sabah Mahdi, Ahmed al-Jubouri, Abdul Rahim al-Shammari, Izz al-Din State, Abdul Rahman Alloizi, Knight Sangaree, Kanna, Mohsen al-Sadoun, Hoshyar Abdullah, Salim Juma, Hajuan Abdullah, Mohammed Taqi al-Mawla, nostalgia Qaddo, Vian Dakhil, Haji Condor, Nayef al-Shammari. "

    The source continued that "the meeting saw postpone the vote on the Ministry of Health Act to next week and vote on the recommendations of the statement of the Commission deportees and displaced persons, which dealt with risks to people displaced by the weather conditions," adding that "the meeting also saw the completion of the first reading of the draft law on ratification letters Act and the exchange of notes and Minutes discussions on the Japanese loan to the Republic of Iraq signed on (02/16/2014).

    The source confirmed that "the Council completed the first reading of the draft law on political parties and submitted by the legal committees and institutions of society and an end to the second reading of the draft law regulating the work of consultants."

    http://www.almadapress.com/ar/news/42235/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B4%D9%83%D9%84-%D9%84%D8%AC%D9%86%D8%A9-%D9%84%D9%84%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D8%A8%D8%A7%D8%B3%D8%A8%D8%A7%D8%A8-%D8%B3

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •