The Dinar Daily, Sunday January 18, 2015
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  1. #1

    The Dinar Daily, Sunday January 18, 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, Sunday January 18, 2015


    sczin11- THERE ARE NO AUCTION RESULTS FOR SATURDAY... VERY UNUSUAL....NO HOLIDAY THAT I AM AWARE OF...

    Currency Auctions
    Announcement No. (2867)


    The latest daily currency auction was held in the Central Bank of Iraq on the 18-1-2015 results were as follows:








    DETAILS NOTES
    Number of banks 16
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 185,944,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 185,944,000
    Total offers for selling (US$) -----

    Market Rate 1215

  3. #3

    Re: The Dinar Daily, Sunday January 18, 2015

    Parliamentary Integrity announces the issuance of judicial rulings against 16 banks soon



    Money in one of the private banks

    Long-Presse / Baghdad Announced the Integrity Committee in the Iraqi Council of Representatives, on Sunday, all near the issuance of judicial rulings against 16 banks waged on charges of forgery in the case of the Central Bank, confirmed the resolution of more than 3,000 private administrative and financial corruption issue, while suggesting to discuss how to develop specific criteria for tenders in the Municipality Baghdad.

    Committee Chairman Talal Zobaie during a press conference at the parliament building and attended the (long-Presse), "it was the resolution of 3007 issue of the total 3526 competent issue of corruption in the presidency to resume Baghdad court Rusafa," adding, "it was the acquittal of former Central Bank Governor Sinan al-Shabibi in the case The central bank was sentenced to a section of the staff. "

    He Zobaie, that "the Committee discussed the secretariat of Baghdad file and how to develop specific criteria for tenders and find a control point when a government tenders."

    For his part, member of the Committee Taha defense during the conference, "The judiciary issued verdicts on 16 charges of fraud banks waged issue of central bank bills."

    The judicial power in Iraq announced, in the (December 22, 2014) that Rusafa Criminal Court decided to acquit former central bank governor Sinan al-Shabibi of corruption charges related to the central bank, while the main reason for the "lack of evidence".

    He revealed the source of human rights in the early (November 26, 2014) that both the former central bank governor, and former Minister of Communications, for example, before the court as soon as they returned to Baghdad, after promises that they would receive a fair courts, noting that the judge released them on bail.

    The Integrity Commission in the confirmed, (December 8, 2012) that the Central Bank of the issue "is still considered" in front of the judiciary circumstances will reveal to the public as soon as the sentences issued against Almatturtin.oathm coalition of state law, in 28/11/2012, politicians and lawmakers trying to "pressure" to investigators in the case of the central bank to avoid a conviction.

    He stressed the Supreme Judicial Council, in the (October 19, 2012), the issuance of an arrest warrant for Central Bank Governor Sinan al-Shabibi and a number of officials in corruption cases, while media reports indicated that al-Shabibi fled the country after the issuance of the memorandum, while the bank denied the news, stressing that the governor is currently taking part in an annual conference in Tokyo and will return to Baghdad.

    She described the Parliamentary Integrity Commission, in the (November 10, 2012), the Special Committee to investigate corruption cases attributed to the CBI that it is "illegal", and confirmed that he will form a new committee to re-investigate this file, calling for a freeze on the decision to arrest the right Bank Governor Sinan al-Shabibi.

    The Iraqi Council of Representatives formed in August 2012 fact-finding committee on the daily auction sales of the dollar at the central bank and the people who have access to hard currency and checking Alambaat.okan numbers central bank governor article Shabibi was rejected in a press statement to return to Iraq only after the abolition of the charges against him on Corruption in the work of the central bank.

    The Iraqi Council of Ministers decided, in (October 16, 2012), the prime BSA Abdul Basit Turki tasks Governor of the Central Bank and Kalh.osbak revealed that former House Speaker Osama Najafi, in (October 7, 2012), exemption Bank Governor Sinan al-Shabibi from office, the existence of suspicion of corruption in the work of the Iraqi Central Bank, while pointed out that the Council proceeded to achieve the "depth" of the central bank's policy since 2003, vowed to pursue the investigation "personally" to the importance of the issue.

    And met with the issue of the dismissal of the governor of the Central Bank of Iraq, international reactions mixed it called the American ambassador in Iraq Stephen Beecroft in (25 October, 2012) to a transparent investigation in this case as it represents the great importance of the Iraqi economy, as the World Bank stressed the need for a transparent investigation in this case, pointing to the lack of knowledge of the chaos that prevailed Central Bank of Iraq and that Iraqi officials talked about.

    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%3D3431240&usg=ALkJrhihqc7Ug8fxrOi-oLQ645odBOtcKg

  4. #4

    Re: The Dinar Daily, Sunday January 18, 2015

    Zubaidi: preoccupation Parliament budget and behind the delay in the law of parties



    BAGHDAD - ((eighth day)) MP for the coalition parliamentary citizen, Faisal al-Zubaidi, that preoccupation with the House of Representatives to discuss the draft general budget of 2015 behind the delay in the inclusion of the law of parties on the last agenda.

    Zubaidi said in a statement ((eighth day)) that "supposedly legally read the second reading of the law of parties, three days after the initial reading of the passage, stressing that" the law was delayed because of the inclusion of concern in the draft budget to Parliament.

    It promised that "the parliament parties read the first reading law within the parliament, pointing out that" the political parties will Boktabh observations for the purpose of amendment for his decision in the future. (A, A) m (MA)

    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%3D3431249&usg=ALkJrhjpKRKf8bnopjPGx5eaajWebaypLg

  5. #5

    Re: The Dinar Daily, Sunday January 18, 2015

    sczin11- THEY ARE TELLING THEIR PEOPLE ABOUT THE VALUE OF ONLINE BUYING AND SELLING, INTERNATIONALLY! USE EBAY, PAYPAL, AMAZON, FACEBOOK, GOOGLE....WOW! HOW CAN THEY USE PAYPAL WITHOUT THE ABILITY FOR THEIR DINARS TO BE EXCHANGED, AND CONVERTED TO THE CURRENCY THEY ARE BUYING FROM?


    -----
    Your value online much more than you can imagine!




    0 Likes
    Font Size:


    Author: Editor: man Reporter: Number of Views: 99
    01/18/2015 13:56
    Tomorrow Press / Follow-up: Abd al-Rahman al-Zaidi
    Do you remember the day you went to the site from downloading files sites, and when you want to load a file, enrolled you in on another page, the page that led you to the other, and then to the other, and perhaps in the end was unable to download this file.
    If not the reality of what was happening with you realize, I'm here to tell you the truth and you are worth much on the Internet, but you probably do not know ..
    Beginning
    Independent online all the positions in which all income is not only on two things:
    First thing: it is buying and selling, a minority of the few Web sites, most notably the famous ebuy US site and son paybal, the most prominent location in the world in their respective fields Amazon.
    The second function: the ad is, whether the ad for a product or a job or a commodity or software or other, in the end, it remains a kind of declaration
    And thus you will not find the location in the world, but relies on sources of income on advertising if you do not buy and sell, and only so he does not fund itself, and its financing depends on external support, regardless of its source, and that rule should always put in mind when browsing the Web Internet and should be aware that this is not a defect and Sntdarkh later, God willing.
    How the Internet weigh?
    Google
    Google is the monster dominating the advertising market in the world's undisputed, it is no wonder that find Google ads profits exceed 95% of the total income, despite having many other sources of income, for example, but not limited to google play dominating the Android market in the world .
    And always remain the hallmark of the Google Ads are blue triangle in the corner, and I think you do not go to a website, but often find an ad for Google.
    Google depends on the implementation of these ads on two, two google adsense and google adwords, and we are not now in a statement modus operandi, but if you want to take advantage, simply click on the search button and you'll find hundreds of sources.
    Facebook
    Willie giant Google in the online advertising market, site Facebook, no wonder understanding largest sites on the Internet now, and almost the only source of funding for Facebook - known at least - are ads, and in Facebook in particular, will not find a page without announcement or more, and the truth that Facebook is creative in its own ads.
    There suggest post Declaration, and there are side and ads that thread and others, but most of it, that one page, which may be changed after the announcement of the presence of other shows Declaration Thus, it does not Eoffrlk service to God and country.
    Where are you from all of this?
    The fact you commodity that is bought and sold in all of this, Valmaln while paying for Google to announce, it pays for the ad to show you, and if you do not see the ad, Valmaln will not pay, and the advertiser while paying for Facebook to announce he is also paid You are you, and always remember the rule that ..
    -If Not paid for the item, make sure that you are Asalah-


    In a simple calculation, the average low advertising campaigns with five dollars on Facebook, announced at about 5000 user of Facebook announcement shows, declared Almost dollars paid for the ad will appear at thousand users are not necessarily to be different ..
    And therefore: you are, for example, if raised image on Facebook, and saw 1,000 users only in your page, the page where Aalanan just shows, this picture is worth US $ 2 Facebook has almost, and you can measure it on publications and videos, and everything you do on Facebook, in particular, and on the Internet in general, and this is the reason for their adherence to you, then you are worth a lot on the internet.
    Thread has positive aspects
    The subject of online ads is not all bad, but I think is not bad in the predominantly, Vmhaklh show when they are spoiling the quality of service because of the declaration as in many download files sites, but if we look at the positive aspects. Most existing sites currently online list because of those ads, it is without a lot of closed doors, due to lack of funding sources, all the blogs and websites for small and medium almost rely on Google ads and other for funding.
    Finally .. my goal of writing those words if not one of those who rely on the Internet to achieve profits not, is a statement of some of the policies that govern the Internet, the Internet is now the biggest force, which controls the world I have no doubt about it, and therefore able to identify some of your actions future on the Internet, and Praise be to Allah.

    http://translate.googleusercontent.c...3C_p44019gUxyg
    Last edited by sczin11; 01-18-2015 at 11:55 AM.

  6. #6

    Re: The Dinar Daily, Sunday January 18, 2015

    Deputy likely to postpone the vote on the budget at a meeting next Wednesday
    Date: 01/18/2015 13:55


    Suggested an MP for the coalition of state law Ibtisam al-Hilali, Sunday, that is to postpone the vote on the budget for the year 2015 law in a hearing next Wednesday.
    She told Hilali / information /, "The reason for the postponement of Tuesday's session to Wednesday is the president of the parliament and the parliamentary delegation's visit to Turkey, however, the Finance Committee has not completed its report on the budget yet."
    She added: "We need time to complete them, and I expect that the general budget is not included on the agenda of next Wednesday."
    He is scheduled to hold a House of Representatives hearing next Wednesday to vote on the General Budget Law. Ended a 25


    http://translate.googleusercontent.c...nNd-YN0-CvWnDw
    Last edited by sczin11; 01-18-2015 at 12:01 PM.

  7. #7

    Re: The Dinar Daily, Sunday January 18, 2015

    Infallible, Allawi discuss the subject of national reconciliation and the general budget
    Sunday, December 18 2 / January 2015 13:44




    [Baghdad - where]


    Search the President Fuad Masum, with his deputy, Iyad Allawi, on Sunday the subject of national reconciliation and the general budget.


    According to a presidential statement received by all of Iraq [where] a copy of the "infallible visited Allawi at his home in Baghdad During the meeting discussed the overall political and security issues, particularly the subject of national reconciliation and the need to speed up the action taken in this regard, and that would reinforce unity."


    "The two sides stressed the need to speed up to pass the General Budget Law and the ratification of the importance of this and it relates to prejudice the public life of the citizens."


    The statement noted that "This visit comes as part of a series of consultations conducted by the President of the Republic to discuss crucial issues concerning the present and future of the nation" .anthy


    http://translate.googleusercontent.c...Va0MaVcEPcQyfw

  8. #8

    Re: The Dinar Daily, Sunday January 18, 2015


    sczin11- Are the Kurds NOT living up to their agreement?

    Parliamentary Finance demanding the return of the budget to the government


    18-01-2015 02:33 PM
    Although the House of Representatives decided to hold a hearing, on Wednesday to vote on the budget bill after completing her second reading, called the parliamentary finance committee member Majda al-Tamimi, the need to return the draft budget for fiscal 2015 Act, and reducing the share of the Kurdistan region, amounting to 17% of the budget.




    She Tamimi told Word / news / An'akulaim Kurdistan does not issue the 250 000 barrels, according to the recent agreement with the federal government, but 150 000 barrels, as well as the case with the province of Kirkuk, an average of 150 000 barrels instead of 300 000 barrels as the oil-producing provinces are not granted productions accurately So what led to the drop in Iraqi exports between 500 to 600 000 barrels a day. '




    She 'Iraq's oil is now sold at a price ranging between 40-39 dollars, and probably fall more in addition to that exports are much less than the reality, how the budget is built on this foundation? It is imperative to return the budget to the government because Iraq is going to lose a lot needs to be reduced.'


    http://translate.googleusercontent.c...TiO4_G1IRl87Ig

  9. #9

    Re: The Dinar Daily, Sunday January 18, 2015

    Parliamentary Integrity looking resume with Baghdad delayed a number of issues
    26 Show January 18, 2015 14:47


    (Independent) .. Chairman of the Parliamentary Integrity Talal Zobaie said that "the Committee visited the Presidency resume Baghdad court Rusafa and discussed with the President of the Court and judges of integrity and prosecutors investigative proceedings in cases completed and the reasons for delay in resolving a number of issues, as discussed my Municipality of Baghdad and the central bank."


    He Zobaie at a news conference today that "the number of cases referred to the court was the case of 3526 and the number of them done between 3007 and the release of closing for lack of evidence and the assignment and governance."


    He explained, "The resumption of Baghdad Rusafa Court reinstated judgment in the case of the central bank from scratch, according to the law in the presence of the former Bank Governor Sinan al-Shabibi, who was released because the evidence of innocence was stronger evidence of the charge."


    He said "there is a section of the staff ruled because of fraudulent invoices and other provisions will be issued to some banks."


    He noted that "part of the proposed treatment is a letter of credit in an auction sale of the currency."


    He Zobaie that "Baghdad Municipality file has been discussed how to support the competent court to government tenders and to develop specific criteria for tenders and find a watchdog with a tender, contracts and discuss the issue of excessive costs speculative and find appropriate solutions to it. (End)


    http://translate.googleusercontent.c...D3dDmp84aS8Xyw

  10. #10

    Re: The Dinar Daily, Sunday January 18, 2015

    Parliamentary Integrity: Re-rule in the case of the Central Bank and the strongest evidence of the innocence of the charges Shabibi
    Editor Ali Jasim - Sunday January 18, 2015 14:52
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    Committee announced the Parliamentary Integrity, Sunday, re judgment in the case of the Central Bank "from scratch," according to the law in the presence of the former Bank Governor Sinan al-Shabibi, as shown that the evidence of innocence in this case is stronger than the prosecution evidence, confirmed that it has completed 3007 issue.


    Committee Chairman Talal Zobaie at a press conference today, the parliament building, and attended "Alsumaria News", "the Parliamentary Integrity Committee visited the Presidency appeals court Baghdad Rusafa and discussed with the President of the Court and judges of integrity and prosecutors investigative procedures in completed cases and reasons for delay in resolving a number She also discussed the issues of my Baghdad Secretariat and the Central Bank. "







    Zobaie He added that "the number of cases referred to the court in the previous period was 3526 issue and the number of completed including 3007 issue between the release and the closing for lack of evidence and the assignment and governance," explaining that "the Court of Appeals Baghdad Rusafa returned the verdict in the case of the central bank from scratch, according to the law in the presence of the Governor Former Bank Sinan Shabibi, who was released because exculpatory evidence was stronger than the prosecution evidence. "


    Zobaie and that "there is a section of the staff ruled because of fraudulent invoices and other provisions will be issued at some banks," he said, adding that "part of the proposed treatment is a letter of credit in an auction sale of the currency."


    Zobaie and continued that "the Baghdad Municipality file has been discussed how to support the competent court to government tenders and to develop specific criteria for tenders and create a regulatory point in conducting tenders and contracts and discuss the issue of excessive speculative costs and finding appropriate solutions to them."


    The head of the Supreme Judicial Council, Medhat al-Mahmoud, announced that, in the (January 11, 2015) that the former Central Bank Governor Sinan al-Shabibi and former Minister of Communications Mohammed Allawi ahead stabbed judgments issued against them were being released, confirming that the release of al-Shabibi, Allawi was legally and without pressure.


    A spokesman for the judiciary Judge Abdul Sattar Bayraktar, in (December 22, 2014), that the competent criminal court to consider the fairness issues in Rusafa ruled the release of former central bank governor Sinan al-Shabibi and Telecommunications Minister previous Mohammed Tawfiq Allawi, attributing the reason for that not to insufficient evidence.


    It is noteworthy that the Iraqi judiciary issued in (4 September 2014), was sentenced to seven years imprisonment against former Central Bank Governor Sinan al-Shabibi based on the charges against him during his administration of the Central Bank.


    It is noteworthy that Communications Minister Mohammed Tawfiq Allawi, has submitted his resignation of former Prime Minister Nuri al-Maliki on the background and suspicion in Mali corrupted files affected his ministry and the attempts by some telecommunications companies pass shady deals in Iraq, which was denied by the Minister of Communications, asking not pushing his ministry in the political differences and intersections.


    http://translate.googleusercontent.c...XroMdRKNr6eidA


    BING TRANSLATION: Parliamentary integrity: a judgement in the case of the Central Bank and the evidence of the innocence of the accusations Shabibi




    Editor Corina-Sunday 18 January 2015 14: 52


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    Magnet

    Alsumaria news/Baghdad

    The parliamentary integrity Committee, announced Sunday, to the decision in the case of the Central Bank "from scratch" by law in the presence of former Bank Governor Sinan Shabibi, and with the evidence of innocence in this case is stronger than the prosecution evidence, confirmed that it had completed 3007 issue.

    The Chairman of the Committee, said Talal Al-zubaie told reporters, today, in Parliament, and attended by the Sumerian "news", "the parliamentary integrity Commission visited Baghdad's Rusafa Court appeal and discussed with the President of the Court and the judges and prosecutors of investigative procedures in completed cases and causes delays in resolving a number of issues as I discussed my Baghdad and Central Bank".



    Al-zubaie said that "the number of cases referred to the Tribunal in the previous period total 3526 issue and done the 3007 case between release and closure for lack of evidence, referral and judgment", adding that "Al-rasafa appeals court in Baghdad returned the verdict in the case of the Central Bank from scratch according to law in the presence of former Bank Governor Sinan Al-Shabibi, who was released because the evidence of innocence was the strongest evidence of the charge."

    OOTW***THEY'RE SAYING HERE THAT THEY REVIEWED THE EVIDENCE FROM THE BEGINNING (THE FILE FROM START TO END) AND COULD NOT FIND CAUSE TO DETAIN SHABS - BECAUSE "EVIDENCE OF INNOCENCE WAS THE STRONGEST EVIDENCE OF THE CHARGE"

    And Al-zubaie is part of staff governed by the fake invoices and other provisions to certain banks, "Noting that" part of the proposed credit is selling the currency "auctions. OOTW- THEY'RE SAYING HERE THAT PART OF THE CREDIT/CAUSES FOR THE INVESTIGATION WERE RELATED TO THE AUCTIONS.

    Al-zubaie said that "Baghdad file discussed how to support the Court government tenders and criteria for tenders and a regulator to conduct tenders, contracts and discuss too speculative and Melasma finding appropriate solutions."
    OOTW - THEY'RE STATING HERE THAT THEY NEED TO FIND A BETTER WAY TO CONDUCT BUSINESS, OR REVISE CRITERIA.


    He was President of the Supreme Judicial Council, Medhat Al-Mahmoud, announced in (11 January 2015), the former Central Bank Governor Sinan Al-Shabibi and former Communications Minister Mohammed Allawi ahead stabbed their sentences and been released, adding that the release of Al-Allawi was legally and without pressure.
    OOTW- THEY'RE SAYING HERE THAT MAHMOUD DROPPED THE CHARGES/WAIVED THE CHARGES - THAT'S WHAT "STABBED" MEANS..KILLED THE CHARGES AND THEREBY ALLOWED SHABS AND ALLAWI THEIR RELEASE FROM THEM.


    A spokesman for the judiciary, judge Abdul Sattar bayrakdar, in (22 December 2014), the court competent to consider issues of integrity in rasafa sentenced to release former Central Bank Governor Sinan Al-Shabibi and former Communications Minister Mohammed Tawfiq Allawi bloc due to insufficient evidence. OOTW- THIS IS SIMPLY A RESTATEMENT OF WHAT WE KNOW HAPPENED ON DEC 22 2014 - CHARGES DROPPED.

    The Iraqi judiciary issued (September 4, 2014), sentenced to seven years in prison against former Central Bank Governor Sinan Al-Shabibi on the charges against him during his administration of the Central Bank. OOTW- ANOTHER RESTATEMENT OF PAST EVENTS.


    The Communications Minister Mohammed Tawfiq Allawi submitted his resignation to Prime Minister Nuri al-Maliki on the background of suspicions in the financial corruption files involving his Ministry and the attempts by some telecom companies pass the suspicious transactions in Iraq, which was denied by the Minister of communications, for his failure to engage in controversies and political intersections.

    OOTW- HERE - THEY'RE SAYING THAT ALLAWI RESIGNED, ESSENTIALLY, BECAUSE HE DIDN'T WANT TO BE CONNECTED TO THE CORRUPTION.

    http://www.alsumaria.tv/news/122196/...D9%84%D8%A8/ar
    Last edited by OOTW; 01-18-2015 at 06:33 PM.

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