The Dinar Daily, Friday January 23, 2015
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  1. #1

    The Dinar Daily, Friday January 23, 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, Friday January 23, 2015



    *************

    JANUARY 21, LATE IN AFTERNOON, SOME INFORMATION WAS BROUGHT INTO CHAT BY ONE OF OUR MEMBERS, UNFORTUNATELY , WITH LITTLE BACK-UP.... I HAVE STARTED LOOKING INTO IT, AS HAVE OTHERS I CONTACTED, BUT WANTED TO GIVE YOU ALL THE INFORMATION, ASAP, AND WE WILL CONTINUE TO UPDATE, AS WE CAN! THIS IN MY OPINION, IS HUGE NEWS! **********

    *************
    I WOULD LIKE TO TRY AN CLARIFY THE SIGNIFICANCE OF THE 8 MONEY TRANSFER COMPANIES TRADING ON THE ISX..... **** THEY ARE NOT TRIGGERS FOR AN INTERNATIONALLY TRADEABLE CURRENCY ***** ... IN OTHER WORDS, THEY DO NOT MEAN AN RV!!!! .... THESE COMPANIES HAVE BEEN TRANSFERRING MONEY AND IN BUSINESS FOR QUITE SOME TIME... HERE IS THE SIGNIFICANCE SIMPLY PUT.... WHEN A COMPANY GOES PUBLIC, LISTS ON A STOCK EXCHANGE, THE ANTICIPATION, SPECULATION IF YOU WILL, IS THAT THEY ARE A SUCCESSFUL COMPANY, LOOKING FOR INVESTMENT DOLLARS, IN THE HOPES OF GROWING EVEN MORE...THE IDEA THAT BUSINESS WILL GROW, PROFITS WILL GROW, AND ALL WILL MAKE MORE MONEY THAN BEFORE BEING LISTED... OWNERSHIP OF THE COMPANY BECOMES THE INVESTORS OF THE SHARES, AS OPPOSED TO THE ORIGINAL FOUNDERS....THAT BEING SAID, WHY WOULD 8 MONEY TRANSFER COMPANIES, ALL AT ONE TIME, LOOK TO BE LISTED ON THE ISX? WHY WOULD THEY BE ANTICIPATING HUGE DESIRES FOR INVESTORS TO COME IN? WHY WOULD THEY THINK PROFITS WOULD RISING?

    ____


    ISX NEW LISTINGS....NEW CATEGORY FORMED AS WELL ON THE ISX SITE FOR THESE NEW LISTINGS!

    Money Transfer
    Ataa Al-Garri Company for Money Transfer
    Al-Harir for Money Transfer
    Al Taif Money Transfer
    Al-Muhej Money Transfer
    AL-Iraqia for Money Transfer
    Mouta for Remittance
    Sama Baghdad Finance Transfer
    United Arab Money Transfer


    There is some news on a few of these companies, some were supposed to start trading on January 15, however, so far, I have found no updated information on any.

    NOTE: THESE ARE ALL MONEY TRANSFER COMPANIES........ COMPANIES THAT ARE IN THE BUSINESS OF SENDING "WIRES" OF CURRENCY FROM ONE LOCATION TO ANOTHER!!!! THEY PROVIDE MANY DIVERSIFIED SERVICES, THEY CONVERT CURRENCIES IN THE PROCESS OF SENDING THE CURRENCY, WHEN REQUIRED......AND WHEN IS THAT? FOR INTERNATIONAL TRANSFERS.....WHY IN THE WORLD WOULD 8 (EIGHT) DIFFERENT MONEY TRANSFER COMPANIES, BE LISTED ON THE ISX, ALL AT ONE TIME? WHAT IS THE REASON FOR BECOMING A PUBLICLY TRADED COMPANY, AS OPPOSED TO STAYING PRIVATELY OWNED? WHO WOULD INVEST IN THE COMPANY, IF IT WEREN'T THINKING THERE WAS A WAY TO MAKE MONEY, MEANING PROFITS, AND NOT LOSSES? ...ARE YOU FOLLOWING ME HERE? WHO IN THEIR RIGHT MIND, WOULD INVEST IN A MONEY TRANSFER COUNTRY, ON THE ISX, IF THEY WERE ONLY GOING TO BE TRANSFERRING IRAQI DINAR AT 1166/1 USD, OR BETTER YET, IF THEY WERE ONLY GOING TO BE HANDLING IN-COUNTRY TRANSACTIONS?

    HERE IS THE ONLY NEWS I COULD FIND THUS FAR....


    New companies to start trading in Iraq Stock Market (ISX)

    Shares of Al-Iraqia For Money Transfer (MTIR), Al-Taif

    Money Transfer (MTAI) and Al-Harir for Money

    Transfer (MTAH) will start trading on Feb. 5, 2015

    . Shares of Sama Baghdad Finance Transfer (MTSB)

    will start trading on Feb. 8, 2015.


    http://www.rs.iq/iraq_news/view/6680

    http://www.isx-iq.net/isxportal/port...GuideList.html

    I HAVE JUST STARTED RESEARCHING..

    AL IRAQIA FOR MONEY TRANSFERS....
    http://www.aliraqiamt.org/index.htm

    THEY ARE WESTERN UNION AGENTS....BEEN AROUND...GROWING SINCE THE BEGINNING.... READ THE SERVICES THEY PROVIDE...

    Purchase currency
    Money transfer to/from Iraq
    Money transfer between Iraqi governorate
    Implement remittance through Swift System


    NOW WE HAVE

    AL -TAIF MONEY TRANSFER COMPANY... http://money.altaif.co/Promotion.aspx

    ON THEIR PROMOTION PAGE IS THE FOLLOWING BLURB.. " SOON CUSTOMERS WILL BE ABLE TO TRANSFER MONEY FROM VISA TO VISA AND TRANSFER MONEY ONLINE ALL OVER IRAQ!"

    ALSO A WESTERN UNION AGENT, IT APPEARS...

    AL -HARIR OR AL- HAREER FOR MONEY TRANSFER, I CAN NOT LOCATE THIS COMPANIES WEBSITE..IF THEY HAVE ONE.... APPEARS TO BE MANAGED BY CBI

    Sama Baghdad Finance TRANSFER COMPANY, I CAN NOT LOCATE A WEBSITE FOR THIS COMPANY AS WELL.... MANAGED BY CBI

    AL-MUHEJ MONEY TRANSFER... ALSO MANAGED BY CBI..NO WEBSITE

    Mouta for Remittance....ALSO MANAGED BY CBI

    Ataa Al-Garri Company for Money Transfer.... ALSO MANAGED BY CBI

    United Arab Money Transfer...APPEARS TO BE A WESTERN UNION AGENT









    Last edited by sczin11; 01-23-2015 at 07:57 PM.

  3. #3

    Re: The Dinar Daily, Friday January 23, 2015

    Abadi and founder of the Davos forum discussing ways to enter international companies to invest in Iraq
    [Baghdad-where]

    Search Prime Minister Haider al-Abadi Friday with Klaus Schwab, founder of the World Economic Forum and Executive Chairman, the economic situation in Iraq and the world and ways to enter international companies to invest in Iraq.

    A statement by the Prime Minister's Office received by all of Iraq [where] a copy of it that "During the meeting between the two sides, on the sidelines of the Davos Economic Forum in Switzerland, discuss the global economic situation, especially in Iraq."

    The statement added that "the Prime Minister pointed out that Iraq is rich in wealth but is currently living a financial crisis as a result of lower oil prices, in addition to the face of a security challenge is the war against the terrorist organization Daash, which requires to move forward in the development of the Iraqi economy,"
    .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%3D3448710&usg=ALkJrhj3LPxAKWwmhDHSDSKawNR_bzusew
    Last edited by pinkadonai1; 01-23-2015 at 12:18 PM.

  4. #4

    Re: The Dinar Daily, Friday January 23, 2015

    sczin11- BLAME IT ALL ON MALIKI.....



    Fiscal policy to the Maliki government failed to hamper efforts to prepare the budget in 2015

    Orbit -
    Stressed the economic expert Dr Majid picture previous government policies errors Nuri al-Maliki 2015 budget preparation and financial efforts fail.

    Souairi said that ęthe problem that we experience today a solid return to the fiscal policy of the previous government failed it, which led to the deterioration of Iraq, where he was the spread of financial and administrative corruption and the loss of $ 750 billion and the protection of corrupt and corrupt so that led to the entry Daash and extend, and turn it into a real threat to the country.

    He added, on the Finance Committee, to stay away from political self-dealing and budget reality anyway.




    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%3D3448709&usg=ALkJrhjUb9cDY9Z1VcICUeFIJYk8omiT7g
    Last edited by pinkadonai1; 01-23-2015 at 12:19 PM.

  5. #5

    Re: The Dinar Daily, Friday January 23, 2015

    Tnthe religious authority on the Iraqi victories and emphasizes the continued support for sustaining and calls for speedy adoption of the budget and aid their fellow
    Iraqis displaced expanded ...




    {Baghdad: Euphrates News} praised supreme religious authority of the Iraqi victories achieved on Daash terrorist gangs, and stressed the continued support to sustain these victories, and called for the speedy adoption of the fiscal federal budget for the current year, and aid their fellow Iraqis displaced.

    The agent said the religious good reference in the holy city of Karbala, Sheikh Abdul Mahdi al-Karbalai in a Friday prayer sermon today, "has made heroes of our security forces are brave and they were joined by volunteers wins big in important regions had dominated consciousness terrorist Daash gangs, and that was thanks to the pleasant its spirit moral high love to sacrifice for the sake of Iraq and sanctities, what enabled them to overcome the difficult conditions on the ground in some areas, as well as the rest of the cities and regions that are still under the control of these incitements gangs and citizens suffer from the behaviors of the criminal, the pick the basis of retrieval is the sacrifices and tournaments sons forces Armed sons of these areas in particular, they are the first of others to the task. "
    And between Sheikh Abdul Mahdi al-Karbalai "This requires the provision of the necessary capabilities under the supervision of the concerned authorities to those who seek them diligently and faithfully for the Liberation of their areas of terrorists is an abomination."

    He said Sheikh Karbalai "The second thing is that the public finance the federal budget for the current year is still under discussion in the corridors of the House of Representatives and faces approved several difficulties, including the failure of oil price stability in the global markets and the different estimates regarding Isthsalh Iraq to sell oil this year, Find the difference in can be customized for a variety of materials and paragraphs of the budget, and perhaps the solution would be to organize and formulate basic and necessary materials according to price represents the minimum according to the estimate of the people of competence, experience and keep the material less important subject of the potential increase in the exchange which entailed the verification of that increase, and in all cases, the completion of the approval the budget as soon as possible is a necessity for the country, and we must transcend all parties for special interests and draws attention to the public interest of the people and is working to speed up the passage of the budget, even in Hdhaa minimum, because it gives a clear view of the work in all the departments concerned their projects and materials disbursed not these things is not determinative because it leads to the interests of the disabled may be important in the various ministries and other services. "

    Karbalai and pointed out that "the third thing is that hundreds of thousands of people are still displaced and displaced from their towns and villages and suffer the most difficult of circumstances and severity, government and potential as officials are limited international aid scarce says, and here we are at a time when highly appreciate the great efforts made in this area during the past few months, we urge citizens who prefer to God for them broad sustenance and financial capabilities to contribute more broadly relief of the displaced and ensure their needs, that one of the best acts of goodness and righteousness and expresses deep sense of responsibility and patriotism and zeal for the nation and its interests, and represents the level of proud of Citizenship and will reflect positively on the interests of the people and the country and the same Albazl sooner or later. "

    He went on, "It is also all citizens so they can contribute according to what is available to them and that the potential was limited and should not underestimate him, the little effort in the large number of shareholders if met frequently became engulfed his blessing, especially if good faith to God." Ended as


    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%3D3449052&usg=ALkJrhjcSJNOqvo4eBZMjdvPiQhA1J0oLQ
    Last edited by pinkadonai1; 01-23-2015 at 12:22 PM.

  6. #6

    Ihsanoglu: Finance Committee asked the chairman of the parliament four days to comple

    Ihsanoglu: Finance Committee asked the chairman of the parliament four days to complete the budget



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - House of Representatives, said the decision Niazi Ihsanoglu, the Finance Committee has asked the Presidency of the Council of Representatives awarded four extra days to complete all the observations on the 2015 federal budget project.

    He Ihsanoglu's (IMN), "The Chairman of the Committee Ahmad Chalabi told Presidency of the Council of Representatives Committee need for four days to complete all the notes to the draft budget law to submit to the presidency of the Council the middle of this week."


    Ihsanoglu said that "the Presidency of the Council of Representatives will be presented the bill to a vote as soon as received the final report of the Finance Committee," pointing out that "the presidential press toward speeding up legislation of the law to support the security forces and the displaced."


    Finance Committee, said yesterday it had put paragraphs in the federal budget project to ensure the inclusion of the Kurdistan region of all taxes imposed on the central and southern governorates and private Pkartat mobile phone and import cars.

    Parliamentary Finance Committee announced, last Wednesday cut $ 50 billion of the total House of Representatives for the 2015 budget, while the Commission has kept the defense and interior ministries allocations without reducing the legalization of the grades of the two institutions in the presence of the popular crowd forces that will grab the land in coordination with the security forces.

    Finance Committee and kept the defense and interior ministries without reducing allocations with rationing grades of the two institutions in the presence of the popular crowd forces that will grab the land in coordination with the security forces.


    From: Haidar Ibrahim al-Tamimi

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://center-imn.net/2/index.php/2013-09-08-07-34-57/13873-2015-01-23-04-39-58&usg=ALkJrhhYqeHs2b4sq9xLLagaEX__IonTbw
    Last edited by pinkadonai1; 01-23-2015 at 12:25 PM.

  7. #7

    Barzani: Kurds expected invitation to London anti-ISIS conference

    Barzani: Kurds expected invitation to London anti-ISIS conference



    ERBIL, Kurdistan Region—The Kurdish President Masoud Barzani said he was disappointed that the Kurdistan Region was not invited to the anti-ISIS coalition conference in London where on Thursday world leaders pledged to defeat the Islamic State (ISIS).

    “I express my and Kurdistan people’s disappointment with the organizers of this conference and it is unfortunate that the people of Kurdistan do the sacrifice and the credit goes to others,” said Kurdistan Region President Masoud Barzani in a statement.

    Leaders of 21 coalition states gathered in London to stress their commitment against ISIS and the impact coalition air strikes have made against the radical group.

    Barzani said that Kurdistan was leading the war against ISIS and it deserved to be present in such meetings.

    “The people of Kurdistan bear the brunt of this situation and no country or party can represent or truly convey their voice in international gatherings,” he said.

    The Kurdish president said that the Peshmerga “are the most effective force countering global terrorism today,”

    Iraqi Prime Minister Haider al-Abadi was at the conference where he told the coalition leaders that the Iraqi army need more weapons in its fight against ISIS.

    US Secretary of State John Kerry said that air strikes had killed about half of the ISIS leaders in the last five months.

    The London conference was held a day after Kurdish Peshmerga forces launched a major offensive against ISIS west of Mosul where they killed 200 militants and took tens of square miles of territory from the radical group.

    http://rudaw.net/english/kurdistan/23012015
    Last edited by pinkadonai1; 01-23-2015 at 12:27 PM.

  8. #8

    Religious Authority calls Iraqi

    Religious Authority calls Iraqi to aid displaced citizens



    Karbala (AIN) – The Religious Authority called, during the Friday Prayer, the citizens to support the displaced citizens in Iraq.

    AND

    Religious Authority calls to provide all means to continue victories against ISIL

    Karbala (AIN) –The Religious Authority called, during the Friday Prayer, the government to provide all the means for continuing the victories against the ISIL, praising the role of the security forces and the volunteers in combating terrorism.

    http://www.alliraqnews.com/en/index.php/political-news.html
    Last edited by pinkadonai1; 01-23-2015 at 12:29 PM.

  9. #9

    Recapitulation of Parliament's Thursday Session

    Parliament Session Adjourned, Half Hour, For Lack Of a Quorum



    BAGHDAD / NINA / House Speaker, Salim al-Jubouri adjourned, half hour, the meeting of the Council for lack of a quorum.

    The agenda of the meeting includes the first reading of the draft law of the Iraqi National Intelligence Service, the Iraqi media and voting in principle the draft of agricultural land rent law and the decision concerning the events of Badush prison.

    AND

    House Speaker Turns Parliament's Session To Secret To Discuss (Iraqi National Intelligence Act)

    BAGHDAD / NINA / House Speaker Salim al-Jubouri announced to turn the session of the parliament today to a secret meeting to read a draft of the National Intelligence Service Act.

    The sixth meeting of the House of Representatives began on Thursday afternoon, headed by Salim al-Jubouri and the presence of / 250 / MPs.

    The agenda of the meeting includes the first reading of the draft of the Iraqi National Intelligence Service Bill and the Iraqi Media Authority Act.

    Agenda also includes a vote in principle to the project of land rent law and events of Badush prison.

    AND

    Deputy Speaker Discusses Matters Related To The Budget With Heads Of Kurdish Blocs

    BAGHDAD / NINA / Deputy Speaker, Aram Sheikh Mohammed met heads of Kurdish blocs in the House of Representatives to discuss matters related to the budget.

    An informed source told the National Iraqi News Agency / NINA /: today, "Sheikh Mohammed met heads of Kurdish blocs in the House of Representatives to discuss matters concerning the law of the budget and some other things."

    It is said that the House of Representatives ended the second reading of the budget law with the continuation of the Finance Committee to complete discussions in preparation for the drafting of the amendments in the final report.

    AND

    Mashhadani: Parliament Discusses Facto Budget and Economic Challenge Is the Danger Facing Iraqis

    BAGHDAD / NINA / The leading figure in the Watania List, former house speaker, Mahmoud al-Mashhadani described the draft of financial budget as a de facto budget, expecting vote on it after making minor changes to its draft. "

    Mashhadani said in a press statement today that "Parliament is debating the facto budget, imposed by the Iraqi economic conditions, especially after the drop in world oil prices, which caused a lot of damage to Iraq on the grounds that the budget depends largely on the sale of oil revenues."

    Mashhadani confirmed that the most significant challenge facing Iraq in the current year is the economic challenge, because it is associated with aliment of Iraqis, pointing out that "the economic situation experienced by the country is very difficult," .

    AND

    Parliament session lift to Saturday.

    BAGHDAD / Nina /-- Speaker Salim al-Jubouri announced the lifting of the parliament's today hearing to Saturday morning.

    The sixth meeting of the House of Representatives within its second current legislative term began this afternoon, headed by Speaker Salim al-Jubouri and the presence / 250 / deputies.

    The draft agenda of today's session included according to a familiar source who told NINA today , Voting in principle on the Iraqi National Intelligence Service draft , agricultural land rent law, and the decision concerning the events of Badush prison.

    The meeting of today was switched to a secret session, while reading the draft of the National Intelligence Service Act .

    http://ninanews.com/english/News_Menu.asp?Zr07_VQ=I
    Last edited by pinkadonai1; 01-23-2015 at 12:34 PM.

  10. #10

    Miscellaneous Re: Death of Saudi King

    President of the Republic heads the Iraqi delegation to attend funeral of the Custodian of the Two Holy Mosques "King Abdullah bin Abdul Aziz"



    Orbit -

    Source said on Friday that the president of the Iraqi delegation heads to participate Bchiea the late Saudi King Abdullah .. The delegation includes D.slam al-Jubouri, head of the House of Representatives and Vice President Osama Najafi and Deputy Prime Minister Bahaa al-Araji, and Second Deputy Speaker of the House of Representatives.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://www.almadarnews.info/index.php%3Fpage%3Darticle%26id%3D9232&usg=ALkJrhir1hLIGdaGQS3olgvGGY1f5CTYnw

    The death of the King of Saudi Arabia, "Abdullah" raise oil prices in Asia
    Orbit -

    Oil prices jumped on Friday after the announcement of the death of Saudi Arabia's King Abdullah bin Abdul Aziz, which increased the uncertainty in the energy markets, which are already facing some of the biggest transformations in decades.

    Abdullah died in the early hours on Friday, his brother Salman and became the king of Saudi Arabia's largest oil exporter in the world.

    Salman called to swear allegiance to his half-brother Prince horned crown prince to prevent this without the outbreak of a crisis in succession at a time when the kingdom is facing unprecedented turmoil on its borders and in the oil markets.

    And increased the price of Brent crude futures to $ 49.80 a barrel shortly after the start of trading before trimming gains to $ 49.30 a barrel by 0650 GMT, up 78 cents.

    The price of WTI US mediator in the futures of $ 47 a barrel after reaching US $ 47.76 earlier in the session.

    It is expected that the new king will continue to pursue efforts to keep the production to protect the organization in the market share of competitors producer level OPEC policy.

    Comes the death of Abdullah, at a time when oil markets are experiencing some of the biggest transformations in decades.

    Oil prices fell to less than half since it peaked in June with rising supply and slowing demand.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://www.almadarnews.info/index.php%3Fpage%3Darticle%26id%3D9231&usg=ALkJrhjvVuHhoC6O_OZ8-ZmxSqnBZGX3uA

    Abadi sends condolence the death of Saudi King

    [Baghdad - where]

    Send Prime Minister Haider al-Abadi, on Friday, a telegram of condolences to Saudi Arabia on the occasion of the death of King Abdullah bin Abdul Aziz.

    State television said in a flash, and I followed all of Iraq [where] that "the Prime Minister Haider al-Abadi sent today a cable of condolences to Saudi Arabia on the occasion of the death of the Custodian of the Two Holy Mosques Abdullah bin Abdul Aziz."

    He announced the Saudi Royal Court, on Friday, on the death of King Abdullah bin Abdul Aziz, who enter a hospital in the UK last December following a deterioration of his health.

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://www.alliraqnews.com/2011-04-18-02-57-37/164293-2015-01-23-07-32-07.html&usg=ALkJrhiB8jjjevGBdtTKYEngcyaCz0ogaQ
    Last edited by pinkadonai1; 01-23-2015 at 01:01 PM.

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