The Dinar Daily, Wednesday January 21. 2015
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  1. #1

    The Dinar Daily, Wednesday January 21. 2015

    I WANT TO PUBLICALLY ACKNOWLEDGE AND COMMEND SCZIN11 FOR THE EXCELLENT WORK THAT HE DOES EVERY DAY IN THE FORUM. IT IS A GREAT COMMITMENT AND SERVICE TO RISE EARLY AND FIND, READ, DIGEST, POST AND COMMENT INTELLIGENTLY UPON THE NEWS EVERY DAY. MY COMPLIMENTS TO YOU SIR.
    CHATTELS




    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
    Last edited by chattels; 01-21-2015 at 03:42 PM.



  2. #2

    Re: The Dinar Daily, Wednesday January 21. 2015

    Currency Auctions
    Announcement No. (2870)


    The latest daily currency auction was held in the Central Bank of Iraq on the 21-1-2015 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$) 123,867,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 123,867,000
    Total offers for selling (US$) -----




    Market Rate 1207




    ON JANUARY 14 THE MARKET RATE WAS 2040. THIS IS THE THIRD REDUCTION AND MOVEMENT IN THE " RIGHT " DIRECTION IN THE PAST SEVEN DAYS
    CHATTELS
    Last edited by chattels; 01-21-2015 at 12:49 PM.

  3. #3

    Re: The Dinar Daily, Wednesday January 21. 2015

    Parliament to raise its tomorrow, Thursday



    Alsumaria News / Baghdad Raised the Presidency of the Parliament, on Wednesday, the fifth session on Thursday, with a parliamentary source said that the parliament ended the first reading of the four laws.

    The source said in an interview for "Alsumaria News" that "the presidency of parliament lifted, on Wednesday, the fifth session of the second legislative term to on Thursday."

    The source, who asked not to be named, said "Parliament ended, during today's meeting, the first reading of the draft law of the Federal Court and the first reading of the amendment to the law of the fifth maintenance of irrigation and drainage networks No. (12) for the year 1995".

    "The Parliament also completed the first reading of the draft secretion of land and orchards within the basic design of the city of Baghdad and municipalities, and the first reading of the draft law agricultural land rent law."

    The Council of Representatives, earlier on Wednesday (January 21, 2015), under the chairmanship of its regular Second Deputy Chairman of the Board Aram Sheikh Mohammed and the presence of 220 deputies.

    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%3D3440977&usg=ALkJrhg2Mtrn9GtK5VC1OeB35mreLntLPg

  4. #4

    Re: The Dinar Daily, Wednesday January 21. 2015

    Iaram Sheikh: Parliament will hold an emergency session of the budget if it completed the drafting of the Finance Committee



    [Baghdad - where] Deputy of the Presidency of the Council of Representatives Iaram Sheikh Mohammed emergency session on the state budget in 2015, said on Wednesday that the Parliament.

    A parliamentary source told all of Iraq [where] that "Sheikh Mohammed said in the beginning of the opening of the House of Representatives hearing this morning that he will be an emergency meeting of the House of Representatives on the general budget in the case of completed contract law by the parliamentary finance committee project."

    The House of Representatives has ended in its meeting on 12 January of this, the second reading of the budget in 2015 after completion of the discussion by the political blocs in several previous sessions while granting Speaker Salim al-Jubouri of the Finance Committee of time an opportunity to submit its final report on the budget and taking into consideration the observations Alnwab.anthy 2

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3440907&usg=ALkJrhicvHlZwS9q093_W8GTJqUE9gmmZg

  5. #5

    Re: The Dinar Daily, Wednesday January 21. 2015


    sczin11- WELL, HERE WE GO AGAIN..MORE DESCRIPTIVE WORDS ON CABINETS NEWS RELEASE FROM YESTERDAY...AGAIN WHEN HAVE YOU EVER HEARD IN THE SAME IRAQI SENTENCE, MINISTER OF OIL , PLANNING, AND FINANCE, WITH GOVERNOR OF THE CBI???? AND THE WORD EXCHANGE???

    ----

    Araji confirms that the exchange and spending will be subject to oil imports


    History of edits:: 2015/1/21 11:43 •

    {Baghdad: Euphrates News} Deputy Prime Minister, Bahaa al-Araji said "exchange mechanism and spending that will work out of the country

    will be subject to oil imports."


    They said in a statement the agency {Euphrates News} received a copy of it today, Wednesday that "

    the subject of exchange and spending will

    be, a month, according to oil imports for

    that month so we avoid crises and be in

    front of detailed knowledge, and it is

    natural

    to be expenses and expenses of parallel

    imports."


    He added that "given the economic conditions of the critical experienced by our beloved Iraq due to the drop in oil prices, a Cabinet crisis cell to determine spending priorities and exchange and create some revenue, but the same circumstance, the Cabinet discussed the subject of exchange and spending for 2015 will be a month."
    It is said that the Iraqi Council of Ministers decided in its meeting on Tuesday, the formation of cell crisis, and to determine the priorities of the government and the doors of the exchange.

    According to a statement of the Council that he chairs the cell crisis Haider Abadi, Chairman of the Board and the membership of the Ministers of Finance, Planning and oil and Governor of the Central Bank and the Economic Adviser to the Prime Minister.

    The statement added, "that would be the formation of the cell in every ministry of the ministries of the country and take to reduce costs and increase financial resources to the public treasury, with the use of experts and awarded specialists validity" .anthy

    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%3D3440892&usg=ALkJrhiqGf00XzCGrLEOi7tKNvf2tYWHsg
    Last edited by sczin11; 01-21-2015 at 10:41 AM.

  6. #6

    Re: The Dinar Daily, Wednesday January 21. 2015

    Conscious / Trade discuss with Iranian official activation of trade agreements



    Conscious / Baghdad / m L
    Search and Commerce Minister Mlas Mohammed Abdul Karim in his office with the Deputy Minister of Trade and Industry of Iran and his areas of commercial cooperation and the delegation and activating agreements and memorandums of understanding and common to serve the common interests of both countries.

    A press release to inform the ministry received (news agency, media / INA), the minister said the ministry's keenness to create opportunities commercial cooperation by sending a joint delegation to both countries to discuss and agree on the signing of memorandums of common understanding in addition to the offer of investment opportunities for the advancement of the ministry companies to be the gateway to view neighbors product and open the field for direct sale through the establishment of joint exhibitions between Iraq and Iran, and each products and goods that are handled by the Ministry companies.

    Calling on neighboring countries, including Iran, to establish a patrol shows offer products and sell directly in the markets, especially in the provinces and safe exploitation of the ministry buildings, buildings that same provinces and the ability to customize the first rent for those sales to cover the needs of the displaced and displaced.

    For his part, Deputy Minister of Industry and Trade of Iran that Iran has many energy and good in the areas of investment in the iron and steel industry and the potential (construction steel) and the rest of types and various construction and ceramic areas.
    He pointed out that the specialized exhibition, which it is hoped that hosted the Iranian Republic in Baghdad will be a multi-fields of energy, electricity and food industries mused that this exhibition will be a business forum and an investment for each specialists from businessmen and unions industries and chambers of commerce and owners of private banks from both sides.

    The two sides also discussed the completion of activating the memorandum of understanding signed between the two countries earlier in the proceedings. It is worth mentioning that the two sides agreed to hold meetings of the Iraq-Iran Joint Commission early next month.

    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%3D3440756&usg=ALkJrhitR0SUnakmC2KLDHpIBtt43unYDw

  7. #7

    Re: The Dinar Daily, Wednesday January 21. 2015

    Iraq signed a contract with a Kuwaiti company to build the airport Diwaniyah cost of one billion and 350 million dollars

    Alsumaria News / Baghdad
    The Governor of Diwaniyah Ammar civil, Wednesday, for signing a contract with a Kuwaiti company to build Diwaniya and other projects commercial airport at a cost of one billion and 350 million dollars, at a time pointed out that the management of the project will be by the Kuwaiti company for 45 years, said that the project will provide more than 8000 jobs for the people of the province.

    He said civil at a press conference, today, on the sidelines of the signing of the contract and attended "Alsumaria News", that "the province and signed on Wednesday, a contract with the Kuwaiti Nasiriyah company for the construction of several commercial projects including Diwaniyah International Airport nada", adding that "the total cost of the project will reach one billion and $ 350 million, including $ 430 million to set up the airport. "


    " style="border: 0px none; display: block; outline: 0px;">




    He civil "The airport building will be on the actual area of ​​7 acres and 7 acres for another expansion project in the future, in addition to 1,000 customized services acres and 2,500 acres for the establishment of the industrial sector," noting that "the project will be implemented in three stages for a period of five years to begin the first phase him to build the airport and the second phase of the free zone project and the third phase of the project major commercial area. "

    Civil and stressed that "the management of the project will be by the Kuwaiti company for 45 years and during this period are granted 10% of the profits of the province," pointing out that "the project will provide more than 8000 jobs for the people of the province."

    The Council of Ministers approved on Saturday (August 30, 2014), on the establishment of a civilian airport in Diwaniyah, in the province confirmed that it will launch an investment project as an opportunity to foreign investment and impose conditions on quality companies.





    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%3D3440987&usg=ALkJrhhV9MDgcatkhmI3u7Tksebsjgjkpg
    Last edited by sczin11; 01-21-2015 at 01:39 PM.

  8. #8

    Re: The Dinar Daily, Wednesday January 21. 2015

    sczin11- IS HE IN LONDON OR DAVOS?

    Abadi, head to London to attend the meeting of the international coalition against the Islamic state regulation




    BAGHDAD - Anatolia
    - left the Iraqi Prime Minister Haider al-Abadi, Wednesday, on his way to London to attend a meeting of the international coalition to fight al "Daash."

    The meeting was held at the invitation of London and Washington, and the participants will discuss the ongoing military operations against the organization, which raised its expansion in Iraq and Syria, regional and international concerns and a wide path.

    And participate in the meeting, which runs until Thursday, the foreign ministers of 20 countries, including Arab countries participating in the coalition.

    It is scheduled to debate centered on the extent of progress made by the international coalition in the fight against "Daash" which controls since the middle of last year, large parts of Iraq and Syria.

    Ebadi said in a statement that the Office of the Prime Minister of Iraq went this morning, to London to attend the mini-group meeting of the international coalition to fight al (Daash).

    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%3D3441173&usg=ALkJrhjqSUzDSNpBgH7vfGlKhsxk1rxGGg

    GOOD AND INTERESTING QUESTION. I WONDERED THE SAME YESTERDAY WHEN THE FOLLOWING WAS REPORTED :

    Allawi up to Switzerland to participate in the Davos Economic Forum



    Arrived Vice President Iyad Allawi, on Tuesday, to Switzerland to participate in the Davos Forum, which will start work on Wednesday with international participation and wide, in what was considered Allawi Forum as an opportunity Iraq needs to expand economic and trade exchanges with countries in the world.

    Information Office of the Allawi said in a statement received by the agency all of Iraq [where] a copy of it, ” Allawi received an official invitation from the President of the Board of Directors of the World Economic Forum Klaus Schwab, where he has been invited to the level of heads of state and government and foreign ministers of economy, finance, trade and business. “

    And the Office to “work a four-day Forum punctuated the deliberations and discussions, workshops, and political, economic and tables and media will have a vice president distinguished role in deepening economic relations with all countries thanks to its political and economic experience.”

    For his part, Allawi said, according to the statement, that “my participation Davos World Economic comes to the global economic importance posed by the Forum,” explaining that “opportunity Iraq needs in light of the economic crisis and the current conditions that require the expansion of economic and trade exchanges with countries in the world in addition to gain international information How about planning, management and exploitation of resources and respond to crises. ” en

    http://www.alliraqnews.com/2011-04-18-02-57-37/163990-2015-01-20-16-03-51.html


    IT SEEMS UNLIKELY THAT BOTH ABADI AND ALLAWI WOULD BE IN DAVOS " REPRESENTING IRAQ ". BY THE WAY BARZANI IS NOT IN DAVOS THIS YEAR. CHATTELS


    Barzani will not participate Davos


    Apologized Kurdistan Region President Massoud Barzani, from attending the Davos forum, scheduled to begin its work in Switzerland next Wednesday. The President of the Presidium of the region, Fouad Hussein, in a statement to the network Roudao media, that "despite the fact that Barzani received an official invitation to attend as a guest master, but he decided to attend the forum to apologize for."

    Regarding the reasons for non-participation Barzani in the current session of the Economic Forum, Fouad Hussein, said: "Barzani apologized for attending the forum, because of the exceptional circumstances experienced by the Kurdistan Region, the circuit between the Peshmerga and organize Daash battles", citing the words of Barzani as saying: "I can not let go Kurdistan, at this sensitive stage. " The head of the Kurdistan region Massoud Barzani, had participated in the previous two sessions of the Davos forum, which is held annually in the presence of a large number of heads of states and governments and political figures, businessmen, and it is addressed to the political and economic topics. Is scheduled to appear in the Kurdistan Region Forum, all of Fouad Hussein, the head of the Department of Foreign Relations of the Government of the Territory Falah Mustafa.

    http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3434242
    Last edited by chattels; 01-21-2015 at 12:01 PM.

  9. #9

    Re: The Dinar Daily, Wednesday January 21. 2015

    Parliament to raise its on Thursday without agreement on the adoption of the budget



    Tomorrow Press / Baghdad: raised the presidency of the parliament, on Wednesday, the fifth session of the day Thursday without agreement or a date for approving the budget, as has been the completion of the first reading of the four laws.
    The reporter said, "Tomorrow's Press," The Presidency of the parliament lifted, on Wednesday, the fifth session of the second legislative term to on Thursday, without specifying any date for adoption of the budget, despite assurances from the House of Representatives that the adoption of the budget will not exceed the current week.
    He added that Parliament ended, during today's meeting, the first reading of the draft of the Federal Court Act and the first reading of the amendment V to the law of maintenance of irrigation and drainage No. (12) for the year 1995, as Parliament completed the first reading of the draft secretion of land and orchards within the basic design of the city of Baghdad, municipalities, and read law The first project for the rent of agricultural land law.
    The Council of Representatives, earlier on Wednesday under the chairmanship of its regular Second Deputy Chairman of the Board Aram Sheikh Mohammed absence of 109 deputies.

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  10. #10

    Re: The Dinar Daily, Wednesday January 21. 2015

    Reports: Integrity resentful of Mishan al-Jubouri, seeking to hide the corruption of files affecting the Maliki government



    Baghdad-Iraq-Presse -21 January: press reports quoted a parliamentary source, on Wednesday, the MP for the coalition of Arab Mishan al-Jubouri, seeks to enter as a member of the Parliamentary Integrity Commission by all means. "

    Clear source of the Integrity Committee, a member, said that "Mishan al-Jubouri, and under the guidance of Vice President Prime Minister Nuri al-Maliki earlier looking for mediation qualify to join the Integrity Commission for their hide corrupted files back to the time of the previous government."

    He continued, "The head of the Integrity Committee Talal Zobaie all member Mishan al-Jubouri, refuse to join the committee because of his suspicious Maliki, particularly since the Committee in connection with a large open corrupted files will reach al-Maliki and a number of former prime ministers."
    This comes at a time called the Integrity Commission inspectors general in the ministries and stakeholders appreciated the value of the damage caused by the former ministers and their ministries topped the list of financial and administrative corruption and to lodge a complaint against them.
    The Commission said in a statement, that "the most integrity issues pertaining to certain ministries, can not eliminate today the completion of its own legal procedures, because of the Inspector General and the new minister and the judiciary to know them, the size of the damage that happened during the reign of the former minister, led to disable many of the files located at the judiciary. "
    She stressed the "importance that there be a database of damage happening in the ministry under the former and its minister immediately direct the new minister in his work, both in terms of lagging contracts or delusional or other, as can not open any file corruption without the presence of an assessment of the extent of the damage and file a complaint in this regard." . Ended (1)

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