The Dinar Daily, Wednesday January 14, 2015
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  1. #1

    The Dinar Daily, Wednesday January 14, 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

    Crush Expected When Kuwaiti Banks Reopen Today

    March 24, 1991|From Reuters



    KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation.

    Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

    "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

    Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

    When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

    Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion.

    Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

    The new Kuwaiti money will be exchanged for old at a one-to-one rate.

    http://articles.latimes.com/1991-03-..._kuwaiti-banks


    BGG ~ Thanks to wmawhite for some facts on the subject.

    Hi BGG,

    Just thought I would drop you an email. I listened to the call, and was interested in what was said about Kuwait, if I may - I will add my 2 cents worth.

    You were spot on with what you said, I have a close friend who's father made a killing on the KWD. He bought from people who had fled the country and he paid pennies on the dollar (we are in Australia). He took the chance that Iraq would be kicked back out and he was right.

    When the money was reinstated, he exchanged it for AUD at a rate in the mid 3s. The interesting thing about it is, Iraq invaded in November 1990 (I think), they were kicked back out at the end of Feb 1991, the banks reopened with a brand new KWD in late March, that's not a bad time frame to get a currency designed, printed and made ready to use, also the time that the old KWD was valid was initially only for 2 months, then extended to 6, so it was valid until Sept 1991, interesting I think.

    Also the other thing that seems to be a "fact" in Dinar land is Bill Clinton used the Kuwait RV to pay off the debt. However, Clinton was not President in 91, he did not take office until 93, even I know that and I am an Aussie.

    Anyway thanks for the site and enjoy listening to your calls.

    Kind Regards,
    Kevin



  2. #2

    Re: The Dinar Daily, Wednesday January 14, 2015

    Currency Auctions

    Announcement No. (2865)

    The latest daily currency auction was held in the Central Bank of Iraq on the 14-1-2015 results were as follows:


    DETAILS NOTES
    Number of banks 19
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 216,081,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 216,081,000
    Total offers for selling (US$) -----

    ​Market Rate 1240 !!!!

  3. #3

    Re: The Dinar Daily, Wednesday January 14, 2015

    General Company for Cement-based smart card regardless of their members' salaries

    Wednesday, December 14 2 / January 2015 11:50

    [Baghdad-where]
    State Company for Iraqi Cement announced that, for the adoption of ATM system [smart card], regardless of its members' salaries.
    According to a statement of the Ministry of Industry and Minerals received by all of Iraq [where], a copy of it today, "The General Company for Cement Iraqi one ministry companies for

    the purpose of keep pace with progress at the global level in the field of economy and the movement of money

    from major sources such as banks and companies, contracted with Global Business Card Smart Key Card]. "


    He pointed out, "it was paying salaries to employees of the cement-based lab's [855] as an associate for the month of December of last year using this system," stressing that "will be the salaries of all

    employees of the exchange company during the current year which."

    The statement continued, "The smart card will allow holders greater flexibility in receipt of financial dues by the civil government offices and banks anywhere inside Iraq

    as well as to prevent leakage into the hands of terrorist elements."

    And directed the General Secretariat of the Council of Ministers last week, ministries and departments not related to the Ministry and the provinces all research staff on the use of smart card substitute for financial cash.

    She said in a statement that "uncles aims to reduce cash circulation to the magnitude of the risk, and maximize liquidity in Iraqi banks, and expand credit capacity, so as

    to achieve stimulate economic and investment activities,"

    noting that "those banks willing to provide deposit outlets and drag in places that fit staff. "End quote

    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%3D3418440&usg=ALkJrhgLUgXxrV0bO1VBe6Fk_RAUyaI0jg
    Last edited by scottiegirl; 01-14-2015 at 02:42 PM.

  4. #4

    Re: The Dinar Daily, Wednesday January 14, 2015

    Parliamentary Legal: three laws Templates will be presented to Parliament after the budget approval

    Date: 01/14/2015 09:40


    Parliamentary Legal Committee, confirmed Wednesday that the three laws have been an end to the observations by the Committee will be presented to the Council of Representatives for a vote after the adoption of the draft federal budget for the current year the law.

    Said committee member Ibtisam al-Hilali told / information /, "The Legal Committee has completed, on Tuesday, to discuss three important laws, including the health of the Federal Court Act as

    well as the law of parties."


    Hilali and noted that "the Commission has sent these laws to the Presidency of the Council of Representatives to be displayed in one of the meetings of the Council specifically after the completion of the approval of the general federal budget law of the country for the current year."

    It is noteworthy that a lot of important laws stalled in the past because of the many differences between the legislative and executive branches.

    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%3D3418075&usg=ALkJrhiDruHzg7Z2iagfeyG0LgQ0QuOjjA
    Last edited by scottiegirl; 01-14-2015 at 02:43 PM.

  5. #5

    Re: The Dinar Daily, Wednesday January 14, 2015

    US report: a barrel of oil will be $ 58 and will rise next year to $ 75



    Wednesday January 14, 2015 09:45










    Alsumaria News / Baghdad
    In a sudden appreciation, the United States announced that the price of a barrel of oil this year, 2015 will be at the level of $ 58 a barrel, and the price will rise in the next year in 2016 to $ 75 a barrel.

    The US official estimates that prices Sttargeh dramatically, and estimates range between 28 and 112 dollars a barrel by the month of December 2015.

    The agency said the US government the power to inform that the price of oil fell to its lowest level since 2009, influenced by the American production of energy from oil shale and global production and declining economic indicators and lower consumption.




    Energy Information Agency confirmed that US production was at the level of 9.2 million barrels per day during the month of December, and will be at the level of 9.3 million per day, or 100 thousand barrels, up daily, and rise further over the next year to reach 9.5 million barrels per day, and this figure will second highest production ever in the history of the United States, where he was top 9.6 million barrels per day in 1970.

    This figure raises some doubts from the Energy Information Agency, and many The reports estimated that during the past two weeks that the American exploration companies have begun to abandon new projects to expand the fields or building platforms. These reports also indicated that US oil companies would give up some of the production of shale oil, due to the high cost of production compared with the market price. The threshold of profitability stands at $ 40 when forced companies to halt production and stop losses.

    According to Information Agency estimates to a fundamental change in the market in the near future, where production companies resort to follow the oil pump and stored on that consumption rises soon and be able to sell their production.

    Some companies are betting on this improvement and accept interim losses, because stopping production would mean delays of these companies in the market to catch up if it halted its production, as the return to the hard work after the discontinuation of the existing platforms.

    At the level of domestic consumption, the US Agency pointed out that the price of a gallon would be at $ 2.33, or about 60 cents per liter, and that means a significant improvement to the consumer, where individuals can save $ 750 per year. She said some estimates that the savings will reach $ 120 billion, benefiting consumers in the purchase of goods and fulfill the debt.
    Price will remain at this level in the year 2016, where prices rise to $ 2.72 a gallon in 2016.



    http://translate.googleusercontent.c...ElSeIL6Qf8bXWw

    Last edited by scottiegirl; 01-14-2015 at 02:46 PM.

  6. #6

    Re: The Dinar Daily, Wednesday January 14, 2015

    Advocacy: We will not vote on the budget if you mention the name of al-Maliki in the fall of Mosul investigations



    • Agency eighth day
    • January 14, 2015, 10:22




    BAGHDAD - ((eighth day))
    He Dawa Party (al-Maliki wing) that he will not vote on the state budget for 2015 if the name al-Maliki said in the fall of Mosul investigations.


    A source said on condition of anonymity told ((eighth day)) that a member of the party on the Keywords said during a meeting with the rest of the

    members, "We Nohdd not to vote on Aloizna if the Secretary General of the party Nuri al-Maliki's name in the special fall of Nineveh last year's

    investigations.


    The source added that all the members know that al-Maliki was involved in the fall of Mosul because he was serving as commander of the armed forces in that period.

    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%3D3418201&usg=ALkJrhiP4Fk1_snKRqSGnPrBhvaHp2pTIQ

    Last edited by scottiegirl; 01-14-2015 at 02:46 PM.

  7. #7

    Re: The Dinar Daily, Wednesday January 14, 2015

    Of a meeting between the three presidencies to discuss the overall current situation in Iraq soon


    BAGHDAD - Iraq Press - January 14: After a day of meeting the President, Fuad Masum, chairman of the House of Representatives Saleem al-Jubouri, and discuss the most prominent developments in the Iraqi scene and developments in the political, security and economic situation and the steps the legislature to pass a current year budget law, an informed source revealed , Wednesday, prospective meeting between the three presidencies to discuss the latest developments on the Iraqi arena and the major challenges faced by the country at various levels.
    .
    The source added that "the meeting will be held during the next few days in order to get out a shared vision, to the current situation experienced by the country, especially the security, political and economic issues." 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%3D3418492&usg=ALkJrhhu5iPCwyOJraYcDm5FtLlub4r6ZA
    Last edited by scottiegirl; 01-14-2015 at 02:47 PM.

  8. #8

    Re: The Dinar Daily, Wednesday January 14, 2015

    Parliament: the initial draft of the National Guard will be presented to the Cabinet for approval



    Wednesday January 14, 2015 12:02















    He Alfoada "This draft will enjoy the moral personality and is directly linked to general commander of the armed forces," adding that "the National Guard will be part of the armed forces to maintain security in the country."

    The head of the House of Representatives Saleem al-Jubouri, was considered in the (January 6, 2015) that the National Guard law represents a "state of turning positive" in the security establishment, structure, calling the executive bodies competent to accelerate done, to be submitted to the parliament to be a quality addition to our military formations.

    The cabinet instructed, in (9 September 2014), to prepare a draft law for the establishment of National Guard troops and organize volunteers from the popular crowd.




    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%3D3418509&usg=ALkJrhgnDVomCtUAgBzOCxezj0_ofBk-sw

    Last edited by scottiegirl; 01-14-2015 at 02:49 PM.

  9. #9

    Re: The Dinar Daily, Wednesday January 14, 2015

    Kurdistan Alliance: Maliki "thief" and should be tried as soon as possible



    • Agency eighth day
    • January 14, 2015, 12:05s




    BAGHDAD - ((eighth day))
    Kurdistan Alliance, "demanded Wednesday:" The government need to provide former Prime Minister Nuri al-Maliki to justice and held accountable for all the issues that have taken place in a time of government Daita the same time to open all files of corruption, which was closed down by al-Maliki, calling it Balsariq. "
    A member of the coalition Sirwan Cerny told the Lord's ((eighth day)) that Nuri al-Maliki as the former minister, close dozens of files of corruption in the previous government, and when our review of the files with the Integrity Commission, it appeared to us that 42 files of corruption, some have a direct relationship with al-Maliki has been closed.
    He added that "some of the files of corruption related to the people who work in government and government contracts, and public money, and employed by al-Maliki in his favor.
    Cerny and pointed to the pursuit of the Kurdistan Alliance and the Integrity Commission to re-open these files where it is not possible to steal billions of dollars of public money to the account of former Prime Minister and cover it up, adding that al-Maliki closed "42" a dossier of corruption related to him directly should open it now.
    He said the "loss of Mosul, Salahuddin and the loss of millions of dollars of the people's money and the collapse of the Iraqi army, are all caused by Nuri al-Maliki and must be brought to trial and held accountable for all of it.
    The media tensions and accusations occur from time to time between the deputies of the Kurdistan Alliance and the deputies of the State of Law Wing-Maliki, the latest of what happened from the statements and accusations between Maliki and Barzani on the background of the creation of Mosul.


    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%3D3418516&usg=ALkJrhgtPUpExim4M-dub9StBjgRiUrc0Q
    Last edited by scottiegirl; 01-14-2015 at 02:50 PM.

  10. #10

    Re: The Dinar Daily, Wednesday January 14, 2015

    Sadr and al-Hakim and al-Abadi make up a solid front within the National Alliance



    • Agency eighth day
    • January 14, 2015, 13:30
    • No comments
    • 29 Reading




    BAGHDAD - ((eighth day))
    Sources from within the National Alliance, "Tuesday" for the formation of a new front in the national coalition that includes all of the mass of the Sadrist bloc and the citizen and the State of Law coalition Abadi suite.


    The sources said that "the mass of the citizen and the Sadrists and the team Abadi, conducted during the last two days of intensive contacts in order to form this front, which is a key pillar within the National Alliance for evaluating the work of the government and control.


    She added that the new robe agreed to the exclusion of all the characters that have been raised around doubts led to the failures of the previous government.


    The sources pointed to the exclusion of the former prime minister and members and officials of the

    new formation is likely involved in administrative corruption files may lead to prosecution.



    The Liberals and the Bloc citizen and the State of Law coalition Abadi Suite recently met at al-Hakim's office and agreed to develop a road map for legislation important laws in the parliament at a time when the news talking about a political struggle for the post of president of the National Alliance.


    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%3D3418793&usg=ALkJrhgB4sq-T5N8KXKThz7IVD7RfkbdpA
    Last edited by scottiegirl; 01-14-2015 at 02:50 PM.

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