The Dinar Daily, Saturday January 24, 2015
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  1. #1

    The Dinar Daily, Saturday January 24, 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
          Share

  2. #2

    Re: The Dinar Daily, Saturday January 24, 2015

    sczin11- I am re-posting from yesterday's forum...This was posted last night, and has been edited..The key here, is that the NEW IRAQI GOVERNMENT IS MOVING RIGHT ALONG, AND RIDDING ITSELF OF ALL THE MALIKI AND PRIOR REGIME HOLDS.... IF YOU DON'T WANT TO READ IT ALL, AT LEAST SCROLL DOWN TO THE BOTTOM, AND READ THE ARTICLE THAT GENERATED THIS POSTING... AND THE COMMENTS FROM OOTW... WE HAVE ALSO ADDED THE PRIOR PLAN'S VERBIAGE, HIGHLIGHTING THE TIME FRAME AND DATE THAT DID APPEAR... AS FAR AS THE NEW PLAN GOES, WE AWAIT MORE DETAILS...WHAT WE HAVE NOW, IS A RELEASE THAT THERE IS, IN FACT A NEW PLAN! GREAT NEWS!
    _____

    FROM OOTW AND SCZIN11-....

    MORE ON DAVOS -





    HERE ARE SOME PRESS RELEASES FROM THE MINISTRY OF PLANNING WEBSITE - SPEAKING TO PRIVATE SECTOR DEVELOPMENT

    Minister of Planning meets a delegation from the World Bank and looking with the challenges facing the private sector in Iraq


    Websites 22 January, 2015
    Research and Planning Minister Dr. Salman Jumaili with the World Bank, the challenges facing the private sector in Iraq, as it represents the importance in supporting the national economy and reduce unemployment rates run through the workforce development and advancement of reality.


    This came when he received a delegation representing the World Bank include all of Lamia Chalabi and Mr. Mohammed al-Ani, who specialize in the development of the private sector affairs.


    The Minister of Planning during the meeting that the state is working hard to support the private sector by providing for those wishing loans to establish small industrial projects .. He pointed out that the Ministry of Planning has recently held a seminar of many economists in various fields such as industry, banks and businessmen for the purpose of the study of reality economic, industrial and banking in Iraq and finding appropriate solutions for the advancement of the private sector, which relieves the weight of the burden of the state budget and increase its contribution to the GDP.
    s


    Websites 22 January, 2015


    Received the Minister of Planning. Salman Jumaili in his office at the ministry US Ambassador to Iraq Stuart Jones were discussed during the meeting about the possibility of setting up a fund for the reconstruction of the provinces that had been damaged by terrorist acts, as well as how to launch a broad development plan to accommodate the energies of human and material resources in these provinces in order to promote the economic and social betterment.


    He called on Minister of Planning and the international community to the need to do Bmsalyate human and moral toward Iraq and help him in his war by fighting on behalf of the international community against terrorism, Makdaaly need grants and financial resources to enable the provision of reconstruction fund.


    The two sides also discussed during the meeting, the general political situation in Iraq and the region and the impact of the emerging economic crisis because of lower oil prices on the Iraqi economy and the general state budget for the year 2015 .. Alijaah as well as the steps that have been achieved in the framework of the political agreement that the Iraqi government was formed under it.


    For his part, US Ambassador Stuart Jones welcomed the plans and ideas provided by the Ministry of Planning, stressing the United States was keen to provide for Iraq and the return of normal life to the provinces which have been terrorism, pointing out that the stability of Iraq will reflect positively on the regional and international levels.


    http://www.mop.gov.iq/mop/index.jsp?...=2015&m=0&d=22




    Abadi: We seek to reduce dependence on oil imports

    Date: 01/23/2015 19:59

    l[CENTER]Information / Baghdad / ..

    rejected Prime Minister Haider al-Abadi, on Friday, seeking the Iraqi government to work on reducing dependence on oil imports in the future, noting that "the organization Daash in retreat in Iraq.

    Ebadi said in a seminar held on the sidelines of the Davos conference in Switzerland that Iraq is capable of self-determination and we will rely less on oil imports, "revealing sign a contract with Shell to build a factory for the petrochemical."

    "The government is moving to reduce dependence on oil and to strengthen the relationship between the public and private sector."

    He added that "the government has allocated $ 450 million for the reconstruction of the liberated cities of Daash, pointing out that the current government is more acceptable by the Iraqi people and the region than its predecessors and there is a significant change in Iraq.

    He Abadi "The government looked at the development of future relations with neighboring countries, including Saudi Arabia."

    He pointed to the "growing government interest in human rights file after it was canceled the charges and lawsuits filed against journalists."

    waved the prime minister to "There is a surprise with Daash in the coming days, especially as they were fleeing from the battle and low spirit concerned for terrorists," stressing "the need for support from neighboring countries not to to allow for the entry of terrorists into Iraq. "

    and the editor of Mosul process control Daash Ebadi said, "We have a problem in the liberation of Mosul, a lack of a link between some of the roads that lead to the city and we need this linkage between federal forces and the Peshmerga."

    He pointed to the "liquidation half Daash leaders by the security forces and its partners in the international coalition, "he said." We have a group of Iraqi forces can not unveiled a check important victories on the ground. "
    He declined Abadi "description popular crowd forces Balmilishat they are Iraqis defending their country," denying "the existence of any Iranian soldier on Iraqi territory, we do not need them. "
    And the situation in Syria expressed the Iraqi prime minister for "pessimism of the absence of solutions to the crisis in the near horizon which reflect negatively on the situation in Iraq" is certain that "the Syrian crisis needs a political solution to achieve the aspirations of the Syrian people." Finished / 25 j







    http://www.almaalomah.com/news/9361/...9%D9%84%D9%89-

    FROM SCZIN11:


    Ministry of Planning and develop an economic plan for four years
    Date: 01/23/2015 22:15
    Information / Baghdad / ..The Ministry of Planning announced the completion of an economic plan for the years 2015-2018 in light of the government program.

    Minister Salman Jumaili said in a statement the agency / information / copy of it, "received the program is based on upgrading the service and the standard of living of the citizen through the development of the economy and ensure consumer protection and the resolution directed the Iraqi economy to a market economy and give the state a gradual economic activities and the development of foreign trade and trade transit, free zones and to reconsider the financial and fiscal and monetary policy. "

    He Jumaili "pillars basic plan is to encourage the gradual shift towards the private sector, and the restructuring of state-owned industries by promoting strategic partnerships with foreign and local qualified investors", adding that "the plan also seeks to activate the work approved national Balstrutejiat relevant to invest in the private sector and support investment in various sectors, as well as the development of trade and banking areas and activating the role of government-owned banks and private banks, depending on the development of short and medium-term fiscal policy and the level of coordination between fiscal and monetary policies level. "

    "The plan places the development of foreign economic relations with the countries of the world of great importance, in order to link the Iraqi economy, the global economic system-as well as the organization of trade and economic relations with these countries."

    Jumaili and pointed out that "the plan has taken into consideration, in the framework of maximizing the economic resources, emphasis on the application of the local product protection and consumer protection laws, and increased oil and gas production to improve financial sustainability, accompanied by an increase Alkhoznip energy for oil and gas," he continued in the process of administrative reform and financial government institutions and continue the reform of public financial management system through private electronic application system in this administration, as well as the organization of the local federal relations. "End quote / 25 u







    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%3D3450412&usg=ALkJrhgzKZdCmtK87cDUtI2SP6DvxnGAQw






    OOTW- THIS IS ALL GREAT NEWS EVERYONE - UNDER THE AGREEMENT WITH UNITED NATIONS DEVELOPMENT PROGRAM, IRAQ ISSUES A 4 YEAR NATIONAL DEVELOPMENT PLAN - THE LAST ONE WAS AUTHORED UNDER THE MALIKI REGIME - AND SO NOW THEY'RE TELLING US THEY'RE WORKING ON A NEW PLAN, FOR THE NEW IRAQ - ALL GOOD.

    HERE'S A QUOTE FROM THE PREVIOUS PLAN (REFERENCED ABOVE) - AUTHORED UNDER MALIKI - YOU CAN PLAINLY SEE WITHIN THE BOLDED SECTION, THE FORMER INTENDED "PLAN" FOR THE VALUE OF THE IQD.

    SECTION 3-2 - PAGE 45 FROM THE UNDP FOR 2013-2017 OLD PLAN

    ""3-2-2 Monetary Policy First--
    Situation Analysis The Central Bank of Iraq is seeking to increase the effectiveness of monetary policy in order for it to support economic stability, development goals and its investment interests.

    It seeks to do so while providing coordination and harmony with the economic policy in general and the financial policy in particular through a number of policies and reform measures that can be summarized as follows:

    • Continue to face inflation rates to support the sustainable stability opportunities and stability that would lead to economic growth. The rate of inflation fell to 2.9% in 2010 but went back up to 6.5% in 2011. It is expected to reach 7.5% in 2013, which is an acceptable rate amid the adoption of a policy to expand public expenditures.

    • Encourage credits at public and private banks by maintaining the interest rate, which was 6% in 2010-2011. This would aim to stimulate the private sector and reinforce its financial capacities in executing development plans. It would also reinforce its place as an active partner in development.

    • Encourage real investment and reinforce development opportunities through loans given by the Central Bank to banks and through a secondary market that would provide the liquidity needed to help deepen financial broker- age and increase the credit capacity that supports real development activities. In addition, guarantee the best use of financial and human resources available, as the Central Bank has issued a decision to increase bank capital to reach 250 billion Dinars in three years as of 2010. This growth is considered positive, supportive of financial stability and a reinforcement of the banking apparatus in the face of dangers.

    • Maintain the stability of the local currency by continuing to take measures that fix the local exchange rate against foreign currencies. It should reach 1166 Dinars to the US Dollar by the end of 2017,without taking into consid- eration the counter effect of the monetary supply growth, which is affected by the expansive financial policy the size of public expenditures -- estimated in the 2013 budget to be more than 38 trillion Dinars."

    http://www.jauiraq.org/documents/191...02013-2017.pdf

    AGAIN, THIS IS OLD NEWS...WE'RE GETTING A NEW PLAN - NO CAUSE FOR ALARM - I ONLY POSTED THIS BECAUSE PEOPLE WERE ASKING FOR PROOF.

  3. #3

    Re: The Dinar Daily, Saturday January 24, 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! **********
    JANUARY 24- ALL 8 COMPANIES LISTED BELOW HAVE BEEN LOOKED UP..MANY ARE MANAGED BY CBI, AND I CAN NOT FIND WEB SITES FOR THEM AS YET.. WE WILL KEEP LOOKING!
    _____

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






  4. #4

    Re: The Dinar Daily, Saturday January 24, 2015

    sczin11- OPINION PIECE............AND THE CASE AGAINST MALIKI AND SUPPORTERS CONTINUES, AS THE CORRUPTION STORY CONTINUES TO UNFOLD!! RECENT UPDATES AT THE BOTTOM OF THIS POST~

    (This is a continuous post...information/opinions added all the time)

    WHAT ARE WE WAITING FOR?....WHAT IS THE TRIGGER?



    Let's think about this... A couple of weeks ago, news that Chalibi was accusing CBI Governor of having fake certifications for his daughter and himself... (THE CASE BEGINS AGAINST MALIKI'S CREW)... Right before that release, Dr. Shabibi is acquitted and released of charges against him...Maliki and "His Crew", retaliate, by filing appeal against Dr. Shabibi, with the High Court, headed by "His Man", Judge Mahmood... The media propaganda continues, and even the Wall Street Journal publishes article stating Maliki is lining up his ducks, waiting for the right time to take back the government...Hakim comes out with a HUGE statement on Saturday, praising the NEW REGIME, Abadi and the New Iraqi Government, "proves democratization and stability of the government" and Sunday comes back with another HUGE statement about Maliki, "because they have become a minority is impressive and the number does not exceed the fingers of one hand.

    ".....Judge Mahmood, appears to be drifting away from Maliki's court, announces complete discharge of any case against Dr. Shabibi, and states Maliki's son will be the first to be investigated in monetary corruption...Will he turn on daddy?...time will tell...Saudia Arabia, after 25 years GONE from Iraq, RETURNS and is given buildings for the Consulate/embassies and staff...

    Bank executives are running, and/or being arrested for corruption...News today that Maliki assigned 200 proxy votes in the government while he was in charge of the "caretaker government", the time between the elections on April 30, 2014 and the time Abadi was ratified, and they will all be investigated NOW! Articles daily about the problems with the Banks, the corruption suspected, the funneling of money out of Iraq, the re-capture of some of the missing dollars/dinars, as witnessed by todays article below.... ...... Let's put this all together, although I could go on and on, and think "outside the box.."

    News is released, not only when they want us to know, not only what they want us to know, BUT, for the most part, AFTER IT HAS OCCURRED... That being said, the case against the Maliki regime, well thought out and planned, appears to be coming to a head...It has been worked on for months, it obviously has been executed, and quite possibly, the final chapter is upon us! There must be "good cause" to bring down the governor of the CBI, by the Council of Ministers...Do you see where this all is going? It is almost time to bring on Dr. Sinan AL Shabibi!

    AND JANUARY 12, 2015, LOOK AT THE NEWS THAT WAS RELEASED TO THE WORLD.....

    sczin11- Now we begin to hear, the CASE against the Corruption in the CBI.... Stay tuned Folks, IT ONLY GETS JUICIER! WELL, IF THE CORRUPTION EXISTS, AND THEY HAVE THE CASE LAID OUT, WHAT COMES NEXT? THE COM CAN NOW REMOVE THE CURRENT GOVERNOR OF THE CBI, FOR JUST CAUSE..... AND WHO IS WAITING IN THE WINGS?........THE PUBLISHER OF THE MONETARY REFORM, THE ECONOMIC EXPERT WHO WROTE THE PLAN, THE IRAQI PEOPLE'S FRIEND, DR. SINAN AL SHABIBI!....

    Parliamentary Integrity: The Council of Representatives will discuss the corruption of the central bank soon

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almaalomah.com%2Fnews%2F8293%2F%25D8%25A7%25D9%2584%25D9%2586%25D8%25B2%25D8%25A7 %25D9%2587%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25A8%25D8%25B1%25D9%2584 %25D9%2585%25D8%25A7%25D9%2586%25D9%258A%25D8%25A9 %3A-%25D9%2585%25D8%25AC%25D9%2584%25D8%25B3-%25D8%25A7%25D9%2584%25D9%2586%25D9%2588%25D8%25A7 %25D8%25A8-%25D8%25B3%25D9%258A%25D9%2586%25D8%25A7%25D9%2582 %25D8%25B4-%25D9%2581%25D8%25B3%25D8%25A7%25D8%25AF-

    AND

    THURSDAY, JANUARY 15, 2015..... WE SEE THE TBI, THE TRADE BANK OF IRAQ, THE BANK STARTED AFTER THE INVASION, WITH JP MORGAN CHASE, (REFERENCE THE STICKY THREAD FOR THE HISTORY AND DETAILS AT THE TOP OF THE CURRENT NEWS FORUM) IN THE BACKING, BY PAUL BREMER AND THE US LED COALITION, BEING ACCUSED OF CORRUPTION...."TBI Kurdistan delivers two billion and 300 million dollars "in a deal marred by corruption."

    WE ALSO AT SAME TIME, SEE THAT THE ISX ANNOUNCES THAT TRADE BANK WILL "RESUME" TRADING ON SUNDAY JANUARY 18, 2015...THEY DID NOT RESUME WHEN THE ISX RE-OPENED AFTER THE HOLIDAY...WE SEE THE SUPREME RELIGIOIUS LEADER, SISTANI, RECOMMENDING ANTI CORRUPTION AND A CLEAN PAGE IN THE IRAQI BANKING SYSTEM..." three presidencies in seeking unremitting efforts since officially received positions to eliminate corruption and to open a new page based on common interests and internally relations between Iraq and countries, as recommended by the supreme religious authority in Iraq.".....

    AND NOW THE CBI MAKES AN ANNOUNCEMENT THAT MUCH MONEY WAS OBTAINED FRAUDULENTLY INDIRECTLY FROM THE CBI, THROUGH OTHER BANKS, NOT NAMED, STATING BASICALLY THEY ARE CALLING ALL THE LOANS...ARE THEY REFERRING TO THE TBI? SEE ARTICLE BELOW! ...REMEMBER, THIS IS ALL PAST HAPPENINGS..WE ARE BEING TOLD ABOUT IT NOW, AFTER THE FACT... THE TABLE IS SET, THE PUZZLE IS WAITING FOR THE LAST PIECE, THE SHOW IS IN THE FINAL ACT.....

    sczin11- HOLY COW! TBI, (TRADE BANK OF IRAQ) HAS HAD TRADING ON ISX, HALTED FOR A PERIOD OF TIME.. THE NEWS TODAY IS THEY WILL RESUME TRADING ON SUNDAY JANUARY 18, 2015!

    TBI Kurdistan delivers two billion and 300 million dollars "in a deal marred by corruption."

    Trade Bank of Iraq

    Tomorrow Press / Baghdad: A parliamentary source revealed early Thursday, the Commercial Bank of Iraq to grant more than two billion dollars to Iraqi Kurdistan, pointing out that the subject under scrutiny because it was tainted by corruption.

    The source told "tomorrow Press", "The Commercial Bank of Iraq has handed over the amount of two billion and $ 300 million to Iraqi Kurdistan in the form of loans, but the Finance Committee in the House of Representatives complained about the subject and the subject took the check and audit results will be announced soon."

    The source, who requested anonymity, that "the deal marred by corruption of the financial amounts Audit Committee considered the subject to reveal the facts in front of people."
    It is noteworthy that the three presidencies in seeking unremitting efforts since officially received positions to eliminate corruption and to open a new page based on common interests and internally relations between Iraq and countries, as recommended by the supreme religious authority in Iraq.


    http://translate.googleusercontent.c...Vqo2Au-o86KaRg

    SATURDAY, JANUARY 17- THE DOCUMENTS REVEAL MALIKI BUYING SUPPORT WITH THE KURDS, AND THE UNITED STATES OF AMERICA MEDIA REPORTING IRAQ CAN BECOME NUMBER ONE OIL EXPORTER.....IN THE WORLD! WHY ARE ALL THE BROTHERLY COUNTRIES RAPIDLY SETTING UP SHOP IN IRAQ? WHAT IS HAPPENING NOW, TO CAUSE ALL THE MOUs AND AGREEMENTS THAT SAT FOR YEARS ON IRAQI MINISTER DESKS, BEING SIGNED AND EXECUTED, NOW!

    sczin11- I HAVE BEEN COMMENTING IN RECENT WEEKS ABOUT THE VESTED INTEREST, THE WORLD HAS IN IRAQ, AND WHY ALL THE ESTRANGED COUNTRIES ARE RACING IN NOW, LIKE GREYHOUNDS CHASING THE RABBIT! YOU WANT TO KNOW WHY? LOOK......
    !US NEWSPAPER, IRAQ WILL BECOME THE BIGGEST OIL POWER IN THE WORLD!

    indicated a Washington Times that Iraq is close to the number one position as the largest oil exporter in the world.

    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%3D3428326&usg=ALkJrhjv5rt9HhezXCDxd1Ub3pEasaDtxQ

    sczin11- THE CASE AGAINST MALIKI CONTINUES...THIS VERSION OF THE REPORT WE HAVE BEEN SEEING FOR TWO DAYS, DETAILS WHAT WAS SUSPECTED WHEN THE FIRST REPORT HIT THE MEDIA YESTERDAY.....
    The documents reveal Maliki approval to buy the Kurdistan oil-for support for a third term

    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%3D3428382&usg=ALkJrhgMsvFeDfSWjAy5Aka83xqhkur4Qw

    MONDAY JANUARY 19, 2015- 19 Banks being investigated for corrruption... Maliki seems quiet..Hakim continues to speak out...AND...DR. SHABIBIS NAME ALL OVER THE NEWS...

    HAITHAM aL- Jubouri, has been accusing similar stuff for a long time...He has an OUT for Dr. Shabibi , it does appear... My guess, he probably is a Malki guy... here is a 2012 LINK...

    http://iraqidinarfacts.net/haitham-al-jubouri-likely-collusion-between-government-officials-and-others-in-the-central-bank-exchange-rate-to-rise-causing-the-dollar-against-the-dinar/

    Haitham al-Jubouri, Iraq confirms loss of $ 250 billion of currency auction

    MP Haitham al-Jubouri

    http://translate.googleusercontent.c...KzmPMrciv-OnmA


    It is interesting to me, that all of a sudden, Dr. Sinan Al Shabibi, is in the NEWS! He has been acquitted of all charges, he has been released of all appeals against him, strong statements made by Justice Mahmood, and others, stating Dr. Shabibis evidence is stronger than the Prosecution had... And yet now, Articles and releases criticizing the "process.."... others are jailed who worked with him, others going to jail, others being arrested... Hmmmm..... Remember, we are seeing news for the most part, after "stuff" happens... What is REALLY happening.... Is the good Doctor in the house? Is he making his way back in? Is there NEWS ready to be released stating such? Again, why are SOME, using his name so often at THIS TIME?

    Haitham al-Jubouri: conviction and acquittal Shabibi real test for the credibility of the government and the judiciary

    http://translate.googleusercontent.c...aBsUSEDDmb43Xw

    AND NOW WE SEE DOCUMENTS, APPARENTLY TYING JUDGE MAHMOOD, NOT ONLY TO MALIKI, BUT NOW TO SADDAM HUSSEIN... AMAZING! WHERE DID THESE DOCUMENTS COME FROM, OR BETTER YET, FROM WHOM? IS IT POSSIBLE THIS IS SOME OF THE "STUFF" DR. SHABIBI HAD IN HIS POCKET?
    Disclosure documents proving acquisition "Medhat al-Mahmoud," the properties belonging to the symbols of the former regime and sell


    http://www.dinarupdates.com/showthread.php?15001-The-Dinar-Daily-Monday-January-19-2015&p=93129&viewfull=1#post93129


    TUESDAY JANUARY 20, 2015.....

    THE CABINET MEETS, CREATES SECRET "CELLS" WITH TEH MINISTERS OF OIL PLANNING FINANCE AND THE CENTRAL BANK OF IRAQ! THE PRIME MINISTER HAS BROUGHT THESE 4 ENTITIES TOGETHER AND USED THE WORD "EXCHANGE"-

    sczin11- I HAVE HEARD THRU GRAPEVINE, A LOT OF MIXED FEELINGS ABOUT THE CABINET ANNOUNCEMENT THIS MORNING....LET ME JUST SAY THIS.... WHEN WAS THE LAST TIME YOU HEARD THE MINISTERS OF OIL, FINANCE, AND PLANNING, MENTIONED IN SAME SENTENCE WITH THE CBI????? FROM THE PRIME MINISTERS HOME! HUH???? I CANT EVER REMEMBER THAT.... AND IF THE TRANSLATIONS WERE TALKING ABOUT COUNTERFITTING OR FRAUDULENT DINAR, WHY DIDN'T IT TRANSLATE USING THOSE WORDS, AS THEY ALWAYS HAVE IN THE PAST.????? WHY USE THE WORD EXCHANGE NOW????
    NO MATTER WHAT THEY MEAN, THINGS, WORDS, ACTIONS, ARE VERY DIFFERENT TODAY, AS COMPARED TO YESTERDAY..... SHABIBI ALL OVER THE NEWS, CBI IN THE CABINET DISCUSSIONS, MAHMOOD ACQUIRING SADDAM LAND, WOW!


    WEDNESDAY JANUARY 21, 2015....THE CASE AGAINST MALIKI CONTINUES....



    Integrity Commission has accused al-Maliki of embezzling 330 billion dinars


    Author:
    21-01-2015 06:22 PM


    Orbit -
    In a new condemnation of the previous government headed by al-Maliki, a report to the Integrity Commission, the highest supervisory authority in the current government revealed a large number of corruption cases involving officials in the previous government, as well as the unveiling of the stolen money, which amounted to 330 billion dinars were recovered, some are still Commission seeks to recover the remaining money, as there are sections of it outside of Iraq.

    http://www.dinarupdates.com/showthread.php?15008-The-Dinar-Daily-Wednesday-January-21-2015&p=93567&viewfull=1#post93567

    SCZIN11- AND THEY ARE HIDING FILES, THEY ARE RUNNING AWAY, THEY ARE TRYING TO COVER THEIR TRACKS..IT ISNT GOING TO HAPPEN...ABADIS GOVT IS WELL ON THEIR WAY TO CLEANING UP THE MESS THE PRIOR REGIME CREATED...

    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."

    http://www.dinarupdates.com/showthre...ll=1#post93497


    AND then we have the BUDGET RELEASE today..... Not on the agenda for parliament- will be an EMERGENCY SESSION CALLED TO ORDER, WHEN THEY ARE READY.....Think about that....

    THE BUDGET PIECE IS HUGE!!!!!!!!!!!!!!!!! NO MORE POLITICAL POSTURING AND MEDIA RHETORIC WITH DATES AND ADJOURNMENTS..THEY ARE WAITING ON SOMETHING AND THEN EMERGENCY SESSION CALLED... LIKE A NEW GOVERNOR? OR MAYBE THE RATE????????????

    Deputy Speaker: Parliament to hold exceptional session to endorse 2015 Budget

    Baghdad (AIN) –The Second Deputy Speaker, Aram al-Sheikh Mohammed, stated that the parliament will hold an exceptional session to endorse 2015 Budget.

    Informed source stated "Mohammed stated, during the parliament session, the parliament will hold an exceptional session to endorse the Budget when the Finance Committee finishes drafting it."

    http://www.dinarupdates.com/showthre...ll=1#post93504


    JANUARY 22, 2015- THURSDAY-

    NAMES PUT OUT FOR FEDERAL COURT NOMINATIONS FOR PRES, VP , AND CHIEF PROSECUTOR... WHO ARE THESE PEOPLE? WE WAIT AND SEE... THE DRAFT OF THE FEDERAL COURT LAW READ IN PARLIAMENT.... to be continued...

    JANUARY 23, 2015...............
    AND............... HERE WE GO! KEEP THE NEWS COMING!

    A senior source: There is a great reforms in the judiciary and "Medhat al-Mahmoud," the first excluded



    • Agency eighth day
    • January 23, 2015, 15:01






    BAGHDAD - ((eighth day))
    A senior source said, that there is a great reforms in the judicial establishment, which includes the Public Prosecution and the Appellate Court of the Federal Court.

    The source said in his speech ((eighth day)) that "House Speaker Salim al-Jubouri, the Prime Minister Haider al-Abadi agreed finally to bring about the changes in the judiciary because of some wrong decisions.

    IT IS TIME TO TAKE DOWN MAHMOOD....
    Judicial Council, Medhat al-Mahmoud !

    AND WHO WILL BE NEXT....COULD ALI MUHSIN ISMAIL, ACTING GOVERNOR OF THE CBI BE NEXT IN LINE? IT IS TIME, LET'S BRING ON DR. SINAN AL SHABIBI, NOW!

    JANUARY 24, 2015- MULTIPLE CONFIRMATIONS COMING OUT, RGARDING THE REMOVAL OF JUDGE MAHMOOD... A NEW 4 YEAR ER/MR PLAN HAS BEEN STATED IS "BEING WORKED ON!".... IS IT DONE ALREADY? MY GUESS, YES! WE SOON SHALL SEE.... REFER TO THE POST IN BOX 2 ABOVE FOR MORE DETAILS ON THIS PLAN......

  5. #5

    Re: The Dinar Daily, Saturday January 24, 2015

    sczin11- Confirmation arrives ...JUDGE MAHMOOD WLL BE COMING DOWN...IF HE IS NOT RELIEVED AS OF YET, OF HIS DUTIES! REMEMBER, HE IS A MALIKI SUPPORTER, MALIKI GO TO MAN, WHO ACQUITTED DR. SHABIBI OF ALL CHARGES, PROBABLY TO TRY AND SAVE HIMSELF AND HIS JOB...

    Shawki reveals Deputy Appellate Court

    nomination for the presidency of the Federal Court

    instead Mahmood

    MP for the citizen Bloc sound Shawki, Saturday, on the nomination of Deputy Court of Cassation for the presidency of the Federal Court, succeeding Medhat al-Mahmoud, adding that the

    House of Representatives will vote at its meeting

    scheduled for today on the presidential candidate of the court.


    He said Shawki told / information /, "The House of Representatives Speaker Salim al wanted to change the axis adds President of the Federal Court in a hearing last Thursday, but the time did not allow it."

    He added that "the Supreme Judicial nominated Deputy Appellate Court to take over the presidency of the Federal Court, succeeding Medhat al-Mahmoud," noting that "al-Jubouri asked for a CV for the candidate of the Federal Court to be distributed among the members of Parliament to enable them to see it as a prelude to a vote at today's meeting."

    It is scheduled that the House of Representatives held its seventh second legislative term of the third legislative session, to discuss a number of economic and trade laws and agreements.Finished / 25 u

    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%3D3451489&usg=ALkJrhiUZYSPu2LZEBNH7i3fjIRcViazDQ


  6. #6

    Re: The Dinar Daily, Saturday January 24, 2015

    • sczin11- As a Researcher, the most important thing to keep in mind, is you can learn SOMETHING from everyone, and any information that person has to provide. You MUST listen, digest, and then form your own opinions.... Additionally, you MUST know your sources; Where is the information coming from, and for what purpose is the information being used!.... That being said, we must also remember, at a trial, when an expert witness is called, that expert can make a case, USUALLY, for either side, however, he is being paid by either the prosecution, or the defendant...Thus his case must lean one way or the other....
      ____________
      sczin11- LATE LAST NITE, FRIDAY JANUARY 23, 2015, KAPERONI BROUGHT INTO OUR CHAT ROOM, A Q&A BETWEEN HE HIMSELF, AND AN ECONOMIST.... IT IS AN AMAZING READ, SOME SOUNDING MORE POSITIVE THAN OTHERS....HE DESCRIBES WHO THIS ECONOMIST IS, AND SOME OF THE ACCOMPLISHMENTS BY THIS ECONOMIST....(I DO NOT KNOW, NOR HAVE EVER HEARD OF THIS PERSON, SO PLEASE, UNDERSTAND I AM NOT ENDORSING HIM, NOR NECESSARILY PUTTING CREDENCE ON ALL HE STATES...BUT I RESPECT ALL RESEARCHERS, AND IF THE TIME WAS TAKEN TO COME INTO OUR ROOM, OUR DINAR HOME, AND FOR OTHERS, OUR SAFE HAVEN IF YOU WILL, I MUST AT LEAST GIVE IT THE TIME OF DAY TO TRY AND GET SOMETHING POSITIVE OUT OF IT).....REMEMBER, WE DON'T ALWAYS HAVE TO LIKE ALL THE PEOPLE WE GET HELP FROM, THE KEY IS, THAT HELP IS PROVIDED TO US!... ( I WILL PLACE SOME OPINIONS THROUGHOUT THE Q&A IN BLUE, SO YOU CAN SEE ANOTHER PERSPECTIVE, FROM A MEANINGLESS PERSON, LIKE ME!...
      REMEMBER, HE IS AN ECONOMIST, NO RELATIONSHIP WITH THE COUNCIL OF MINISTERS, HOUSE OF REPRESENTATIVES, OR THE CENTRAL BANK OF IRAQ.... IT IS HIS OPINION ONLY!
      _____

      magnetlady says(11:16 PM):
      What you got for us tonight besides pizza
      kaperoni says(11:17 PM):
      Well I bring an interview over that I did with an Iraqi economist

      kaperoni says(11:17 PM):
      Very well know...he wrote the book on dinar and "delete 3 zeros" Dr. Bakri
      kaperoni says(11:17 PM):
      You want to see what he said?



      kaperoni says(11:18 PM):
      ok
      kaperoni says(11:18 PM):
      I wrote Dr. Bakri 10 questions...
      kaperoni says(11:19 PM):
      Here are the answers from from Prof D. Jawad albakri
      kaperoni says(11:19 PM):
      I hope i dont get cropped
      kaperoni says(11:19 PM):


      Q - As most are aware, Iraq has enormous economic potential. The tricky part is diversifying Iraq’s oil industry along with a market economy in many other areas such as tourism, manufacturing, agriculture, etc. creating a sustainable balance. What do you see as the biggest impediment slowing down this diversification and transition?

      A - I think that the reasons more political than economic, concerning the nature of governments that ruled Iraq since the founding of the modern Iraqi state in the twenties of the last century even today, these governments have focused most of their attention internally in keeping security only and not the security of citizens (I mean all kinds of security, personal security, economic security … etc.) and external on wars. So the economic side remained neglected, leaning on the massive oil revenues, governments remained without thinking about the future.

      In the current Iraqi constitution does not find a vision of the philosophy of the state - including, of course, the economic philosophy - as there is no philosophy of the state in the interim constitution during the former regime, political leaders able to form the authority to rule in the absence of state standards and thus could not provide a civilizational project is consistent with history of Iraq, this dilemma pulled on the economic philosophy of the Iraqi state, for example, we find that the gross domestic product of Iraq, , is almost entirely adopted (97%) on Iraq's oil exports, leaving all raw materials represented by the land of Mesopotamia neglected, and leaving the industrial, agricultural sectors, and this in turn led to the economic recession and stop movement Development.

      sczin11- This is nothing new to us...We have heard this for a long time, and we have seen in recent months GREAT strides in the development of MANY other revenue producing industries, especially agriculture and natural gas...



      Q - Besides the 2013-2017 Economic Development Plan, there seems to be a sense of urgency to make this transition sooner than later to absorb unemployment in Iraq. Currently, the Iraqi government hires many each year, but that cannot continue due budget allocation and financial resources. Do you feel that there is this sense of urgency and what can be done to help speed up this process to a market economy?

      A - In Article 25 of the Iraqi Constitution, the Iraqi economy is a market economy, and all government policies are going in this direction, and going back a little bit, the economy and infrastructure working group of the Future of Iraq Project established by the US State Department in in November 2002, issued a set of actions and recommendations and decisions covering the economy, infrastructure, public health and humanitarian needs and anti-corruption measures, which included strategic aims and fast to build the private sector, through the privatization of state institutions "without economic feasibility study of it," and to achieve economic growth, during the "economic reforms" advocated by IMF.

      Following with such ideas, and as speed is deliberate wisely, the policy by the Interim Transitional Authority made the fast economic transitions to converts Iraq economy, Which was centrally planned, to an market economy and plays the private sector key role in it, without taking into consideration the suffering of the Iraqi economy of fatal and heavy disease, difficult to resolve between day and night, and like what happened to the economy also took place reforms in legal frameworks, administrative, financial, and other, the plentiful, but they are not characterized by the existence of conditions and climates suitable for their application. These procedures and laws still carries the seed of its own paradoxical. even that applied on the ground, carrying with it the suffering of weak of reality and the application, because it is not fit with the Iraq conditions and its economy.
      So, Iraq needs more time to get to a market economy which we dream.

      sczin11- We know they are moving fast towards a full and complete MARKET ECONOMY, however, it is a process, and clearly the process has begun... He is not saying that one day we will wake up and POOF, Iraq will have transformed 180 degrees, and gone from one extreme to the other. Trading Internationally will begin, and a slow process will be under way...That is why it is a 4 year plan!

      Q - There are many parts to the successful transition of a Market Economy including working with international organizations such as the World Bank, IMF, United Nations, WTO, etc. Many of these have criteria or their own requirements. What is your opinion on this process?

      A - There is no doubt that the work of economic stabilization and structural adjustment for IMF and the World Bank have advantages and disadvantages programs, the former experiences of developing countries that have a long history of working with those institutions, the success of these experiments have proved but a temporary basis, and soon the economic situation is deteriorating due to the state as soon as the work ends with those experiences, and certainly that this perspective, I think, applies to Iraq, too.

      sczin11- We know for a fact, reading actual documents and releases from the various agencies, that Iraq is on track, and doing all that needs to be done..

    • Q - WTO accession has been a long process for Iraq (I think ongoing since 2006). Accession to this organization could be of great benefit for Iraq. Iraq seems to be making strides passing some laws, creating binding arbitration, and reducing oil dependence to some extent, but lacks implementation of tariffs, investment laws, currency convertibility, etc. so it seems that that accession is still a ways off. What are your thoughts on a timeframe for accession to the WTO?

      A - I was one of the first advocates in Iraq to join the WTO, I presented research published in 2000, before the fall of Saddam's regime, demanding that Iraq need to Join WTO, I still think so, and a lot of my fellow economists in Iraq think so too.
      The bad security conditions which Iraq prevented proceed with the activation of the investment law, in spite of its release in 2006, and not to activate the tariff law because of dumping by neighboring countries, taking advantage of the atmosphere of economic freedom enjoyed by Iraq after the fall dictatorial regime. I think that when the poor security conditions stop in Iraq, will work seriously by the Iraqi government to complete accession to the WTO.

      sczin11- As you will see at the bottom, this question was posed 5 months ago, and much has happened since then... There progress towards full assession to the WTO continues... The INVESTMENT LAW HAS BEEN READ AT LEAST ONCE, AND MAYBE TWICE SINCE THIS QUESTION WAS POSED TO THE ECONOMIST...AND AMENDMENTS HAVE BEEN MADE..


      Q - Parliament has been a outright awful when it comes to passing critical laws to move Iraq’s economy forward. This is clearly a major setback/delay and hopefully with the new parliamentary elections that just concluded, this will change. What is you feeling on Iraq’s parliament pushing forward banking and investment laws for the success of the economy?

      A - I think that the constitutional process in Iraq are not going as you image, there is a conflict between the legislative branch represented by the Parliament and the executive branch represented by the government, in the time of Prime Minister Maliki, the executive branch was always exceed on the legislative parliament's powers, and Iraq as if returned to the dictatorship. This comes to making economic decisions in the hands of government, not in the hands of parliament, which seemed incapable of rising to the prime minister's powers. Prime Minister indifferent to the economic aspect. Now things have changed. now We have a new prime minister, a Haider al-Abadi, an academic and economic interested, is also interested in the separation of powers. Also, poor economic conditions of the country increased his interest in the country's economy. So we believe that the next four years will see significant economic legislation and on the right track.

      sczin11- WELL, HERE WE CERTAINLY KNOW, LAWS ARE BEING PASSED, AND THE NEW GOVERNMENT IS RACING ALONG....

      s

      Q - The Central Bank of Iraq works fairly closely with the IMF over monetary policy. There seems to be a few different views going on in Iraq. It has been reported on TV as a ..”political football” of sorts. This appears to between members of parliament /finance committee on one side and the GOI on the other. Is there two separate views on monetary policy or a consensus on policy but disagreement over time frames?

      A - It is well known that the central bank should have independence, and the Central Bank of Iraq until mid-2014 was witnessing major intervention by the government, today, it is a different, a new government believed the independence of the central bank, but the Iraqi parliament remains with a large group of parties that have different visions on monetary policy, adding that, most of the members of parliament are from the tribal environments, the biggest concern for them is to service their parties and not the service Iraq. You know, my dear.. that most of parties in Iraq linked to sectarian and regional agendas.

      sczin11- And, this too, we have seen more unification then ever, especially with the coming down on all the corruption with all the banks, as demanded by the central bank.... requiring same minimum capital to stay open, anti money laundering, anti counterfiting workshops and training, new security driven notes...etc..


      Q - One of the goals and what also appears to be criteria for a successful market economy is for Iraq to move to IMF Article VIII making the Iraqi Dinar a convertible and recognized currency worldwide. Something I am sure Iraq wants. As recently as last summer the IMF themselves asked the CBI to “consider accepting the obligations under Article VIII.” Do you feel the CBI is ready for this? And do you think this will occur in 2014?

      A - Iraqi dinar first needs to improve before coming to such a work, and improvement comes through delete some zeros from the Iraqi dinar, and I think that is the Central Bank of Iraq and the situation in Iraq don't allow for the process of delete the zeros at this time. Therefore, it will remain on hold to be improved political and security situation in Iraq.

      sczin11- I wont touch this now, as we have debated the delete the zeroes project/definition to the max... and we have debated and opined, the definition of STABILITY...TO THE MAX! If the country wasn't stable, then why the rush for all brotherly neighbors to get in, set up , and prepared NOW?

      Q - Transition from Article XIV to Article VIII appears to be a significant in many ways. Not only creating freedom of movement of capital or international convertibility, but would contribute to compliance with the WTO, and IMF and the successful transition to a market economy. It appears that the hold up more than anything with this transition is ongoing compliance issues…more specifically the difference between the Official Rate and the Market Rate which continues to exceed 2%. Do you agree?

      A - The IMF experts welcomed in the experts' report on the Article IV consultations in 2013 to the goal that set by the Central Bank of Iraq to liberalize the foreign exchange market and the steps that have been taken recently to simplify the rules of the market. However, experts urged the Central Bank of Iraq to take more immediate action to free the display of foreign exchange in full, in order to reduce the exchange rate difference, and the removal of distortions and eliminate the behavior of seeking to earn rent, and Adhere to the requirements of Article VIII of the IMF's Articles of Agreement. Experts also encouraged the Iraqi authorities to refrain to Build up any new regulations may lead to a violation of the commitments made in the framework of Article VIII.

      sczin11- I am not certain this question was answered, in the response... and no need to further debate the 2% theory, or whether or not it was already satisfied back in 2011 and 2012, under the governorship of Dr. Sinan al Shabibi..


      Q - You wrote a paper titled.. “Proposal to raise zeros from the dinar Ala a paper” back in 2011. What was the purpose of writing it, and was this plan accepted by the Central Bank of Iraq? What is the current status of that plan?

      A - The Mentioned plan began to think out since 2006 by the Iraqi Ministry of Finance, this plan has referred to the Central Bank for consideration. The Central Bank said it is a good proposal and possible adoption, but there are obstacles to the task of preventing the application now. These obstacles are: high financial and administrative corruption rates in Iraq, in addition to the security situation is bad, so the issue was postponed for the time being and not canceled. I think it will be applied when the stability of the security situation.

      sczin11- LAST SENTENCE.... " I THINK IT WILL BE APPLIED.."- AGAIN, JUST AN OPINION HERE.

      Q - The ISX and ESX appear to be gain more momentum for international investors in recent months. Especially the ESX with recent news of opening this fall and activation of Xstream. Can you explain how these market will engage with global investors? Will they use a custodian bank, etc?

      A - You know that Nasdaq and the Iraq Stock Exchange (ISX) have announced on 12 November 2014 the successful on-schedule go-live of the X-stream Trading technology, which replaced the existing Horizon platform. Nasdaq has delivered trading technology to ISX since 2007. I think this is an important momentous for our exchange, the companies of Iraq and investors in the region and around the world, We were well-prepared for the transition to our new trading platform, and the system has worked flawlessly since our go-live, which was on schedule and budget. I think this will be the focal point of the region’s capital markets is certainly on par with this new technology launch that benefits a vast amount of our key stakeholders.

      sczin11- Again, this is old news at this time... We know they are ready, and we know the benefits they will provide to the world, especially Iraq!


      kaperoni says(11:38 PM):

      Dr. Bakri is an Iraqi economist in Iraq. He is very in the know. So for him to take time and answer these questions..it is greatly appreciated. I hope everyone gets some real information from this.

      mudder says to kaperoni(11:38 PM):

      When did you do this interview??


      kaperoni says(11:38 PM):

      I wrote him last fall Sept..and he did not answer me until this past week



      sczin11- WHILE RESEARCHING THE ABOVE ECONOMIST, I FOUND A WHOLE PIECE DONE BY KAPERONI ON DINARGURU.COM...IT TALKS ABOUT THE QUALIFICATIONS OF DR. BAKRI, AND THE 3 ZEROES PROJECT..



      4/16/2012





      Kaperoni chat on Dr. Bakri paper 4/7/2012

      Kaperoni: I thought the PDF Paper (document) from Dr. Bakri was so good, so informative, I wanted to do a chat on this. To break down the events and clarify what we know.





      Kaperoni: First, who is Dr Bakri?

      ..hired by the CBI to participate in the various Symposiums around Iraq educating in regard to the “delete 3 zeros,” also known as “lift 3 zeros” process....




      Kaperoni: He is on the Administration and Economics staff at the University of Babylon Dr. Kazem Jawad Al Bakri teaches in the Department of Finance at the University of Babylon Well respected Economist. Has been hired by the CBI to participate in the various Symposiums around Iraq educating in regard to the “delete 3 zeros,” also known as “lift 3 zeros” process.

      Kaperoni: I think we can say this man is very well educated, knowledgeable and experienced. So much so, in fact, that the CBI relies on him to speak at these various Symposiums to explain what is about to happen to the currency.

      Kaperoni: Here are a few of the news articles supporting Dr. Bakri’s participation in various Lectures and Symposiums.

      http://translate.goo...3D34445&act=url

      http://translate.goo...D%3D674&act=url

      Kaperoni: I think we can draw from this information that Dr. Bakri is an authority, an expert, and is well informed in this event. Much more so than any “part time” guru or educated person who thinks they know what is happening within Iraq. Even someone who claims to be a “currency/investment analyst” has to take a back seat to this man’s knowledge, experience, and expertise in the circumstances within Iraq. After all, he is one of the “trusted” ones to disseminate this process to the Iraqi people.

      Kaperoni: Now that we have qualified him, lets take a look at one of his papers…from June, 2011

      Kaperoni: Proposal to raise zeros from the dinar Ala a paper – A. M. D. Jawad Kazem al-Bakri

      http://translate.goo...5B1.pdf&act=url

      Kaperoni: Here is the first quote…

      Kaperoni: “The history of modern economics tells us that many nations in the world such as the countries involved in WW1 and WW2 or most recently the collapse of the Eastern Bloc countries, have taken one of these two measures, either by changing the whole national currency or eliminating zeros from the currencies so that it can go back to its previous stable condition.”

      Kaperoni: This is pretty straight forward. That there are two ways or methods to go back to the previous stable condition after such events like a war. You either eliminate zeros from the currency (LOP) or do a currency change (transition from one set of notes to another without the zeros).

      Kaperoni: Now here is where we learn what Iraq is really doing. Despite all the articles, misdirection, and confusion with terminology this quote tells us exactly what is happening….

      Kaperoni: “In the Iraqi experience after the fall of the dictatorial regime, the present authorities have decided to change the Iraqi currency to a new currency.”

      Kaperoni: This is absolutely the most direct and powerful statement we have heard. This is not an opinion, but a factual statement…”the present authorities have decided to change the Iraqi currency to a new currency”

      Kaperoni: Now this also tells us that they are NOT deleting the zeros off the notes. And it tells us that “collecting the notes” is what is happening to reduce the money supply. It also tells us that we have been accurate all along on the research we have done on this investment. Here is the telling part – we did not know this information until just a few days ago. Which then ends up being a “validation” of the research.

      Kaperoni: Next quote…

      Kaperoni: “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.”

      Kaperoni: Now this quote is simply amazing. It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well…more proof yet to come…


      Kaperoni: “If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.”

      Kaperoni: This in itself is all we need to be assured of our investment. But the good Dr. gives us the dagger in the LOPster heart with this gem of an example…

      Kaperoni: “For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.”

      Kaperoni: He states clearly the previous currency (3 zero notes) will buy more after this event. That the dinar will appreciate in value 1000 times. No more discussion is needed…But wait, he is trying to explain this event so we will get even more confirmation…lol

      Kaperoni: Quote…

      Kaperoni: “From a theoretical point of view, when three zeros are lifted from the IQD its buying power will increase drastically so that the dollar will be equivalent to 1.5 dinars only.”

      Kaperoni: And this one…

      Kaperoni: “Therefore, let’s say the merchandise imported from abroad is valued before lifting the zeros at 1.2 million dinars, or $1000; if you lift the three zeros 1200 dinars will equal $1000; therefore, that will not bring any negative impact on the Iraqi citizens.”

      Kaperoni: And the benefits of the event…

      Kaperoni: “On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical policy, will lead to these positive factors:

      1. It increases the monetary power of the IQD to buy things.

      2. It increases the value of exchange from the dinar to other currencies.

      3. It provides more confidence for more foreign investment in the economy.

      4. It increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries.”

      Kaperoni: This is simply the most powerful explanation and description of what is going to happen that we have ever had in print from an expert in Iraq. An explanation that is right on with our own research studying this event for over 4 years.

      Kaperoni: Pray that the GOI is formed, that stability continues, and that Dr. Shabibi can accomplish this event.

      Kaperoni: Done.




      AND ON SATURDAY JANUARY 25, THE FOLLOWING APPEARED ON THE OBSERVER

      Kaperoni ...the recent articles from the CBI indicating they are ready to “participate and promote development” are encouraging. I want to point out that Dr. Bakri [Economist] states the dinar "first needs to improve" (raise in value) before they can move to Article VIII. In other words, the float may be institutional and gradual before they accept Article VIII and a new Exchange Regime. I also get the impression that the dinar can be convertible worldwide without technically accepting Article VIII. And lastly, he says... "improvement comes through delete some zeros" which to me again seems to imply a gradual appreciation because as the dinar rises, zeros begin to go away... he did...confirm the process is moving along, that the reforms are happening, and there is promise...and more importantly the new GOI is moving in the right direction. Iraq's economy is complex for sure. But I don't think what we are looking for will take much longer. As for currency reform, the timing will be kept secret within the CBI...

      sczin11- seems like he is pretty encouraged ....

    Last edited by sczin11; 01-24-2015 at 02:16 PM.

  7. #7

    Re: The Dinar Daily, Saturday January 24, 2015

    Consultant Abadi reveals near the issuance of important economic laws revive the market and investment



    Revealed the appearance of Mohammed Saleh adviser to Prime Minister Haider al-Abadi Economic Affairs proximity of key economic laws contribute to the recovery of the Iraqi market and investment opportunities.

    Said Saleh told all of Iraq [where], "a forthcoming law for cities and industrial industry mixed, and this is very important, and there is a law is for private sector investment, encourage and create Association and strong bond between the private and state sector to stimulate the movement of the market and end the separation existing between them."
    He added, "there is also a market-oriented economy is the one who activates development and not speculators and Ctkarion, there are politicians heading for the development of the market."
    And the World Bank forecast in check very slight growth in Iraq's economy by at up to 1% said adviser Abadi said, "These projections are based on the quality of imports of the economy because agriculture and industry account for only 5% of GDP in Iraq, and these sectors commodity task It is already weak, and this dilemma and a problem of today. "

    And Saleh, said that "the solution is the need for the development of commodity sectors and foci of production, and today the state is moving strongly towards the revitalization of agriculture, manufacturing, and began a strong movement in this aspect."
    "The agriculture in Iraq is the private sector by 98% and is not a government, but in contrast, the basic infrastructure for agricultural irrigation, dams and Alambazl and 85% is the relationship of the government list, and agriculture need to protect the local product."

    Economic Adviser and pointed out that "the supplementary budget for 2015 found implicit in the budget original, ongoing discussion, the fact that there is a delay in the approval of some projects pending improvement in the financial situation and if what has been achieved this improvement launches of these projects as if they were balancing complementary attached within the budget."

    The prime minister Haider al-Abadi said yesterday at the World Economic Forum - Davos "We turn now from the system controlled by the government to a mixed economy more active, as we privatize key sectors, and explore partnerships between the public and private sectors, and entering into joint ventures with international companies," he said "As prime minister, followed a strategy of interdependence, rather than the dominance of state government control over the economy and the dominance of the Baghdad government to local governments, public and private sectors will enter with the central government and provincial governments in partnership."

    Iraq is facing financial hardship and a lack of liquidity with a large fiscal deficit is estimated at 60 trillion dinars due to lower global oil prices to below $ 50 per barrel, especially since the Iraq depends on oil rents by up to 85% .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%3D3451393&usg=ALkJrhhKDPLEEGsbh2skgirCAkJUJYlAkA

  8. #8

    Re: The Dinar Daily, Saturday January 24, 2015

    Hilali: Service of the Federal Law will be presented to Parliament in the next session



    Information / Baghdad / ..
    Confirmed the legal committee member of the parliamentary Ibtisam al-Hilali, on Thursday, that the service of the Federal Law will be submitted to the Presidency of the Council of Representatives in order to read it and vote on it next meeting, indicating that the adoption of this law will lead to the elimination of administrative and financial corruption in state institutions and open the way for the professional and efficient.
    Hilali said in a statement to the Agency / information /, "The service of the Federal Law of important laws in the House of Representatives," indicating that "the law is in front of the Parliamentary Legal Committee for study and comment on the law for submission to the Parliament."

    "The current draft law is characterized by the separation of legal texts and instructions concerning the civil service," asserting that "the law will be submitted to the Presidency of the Council of Representatives in order to read the first and second reading and then vote on it."

    Hilali explained that "the adoption of this law will lead to the elimination of financial and administrative corruption, nepotism and party in the state institutions and opened the way for the professional and efficient delivery of services to citizens."

    The Council of Ministers decided in (January 20, 2015), to approve the draft federal civil service law and referred it to the House of Representatives. Finished 25th St

    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%3D3451488&usg=ALkJrhiLJU6rctX7UUw0h9GVfqMnWT6C9Q



  9. #9

    Re: The Dinar Daily, Saturday January 24, 2015

    Legal representative: We seek to separate the Judicial Council of the Federal Court



    Information/ Baghdad / ..
    Parliamentary Legal Committee revealed on Saturday, for their efforts to add some amendments to the Federal Court Act provides for the separation of the Judicial Council of the Federal Supreme Court, the latter being an independent judicial body and should not be chaired by one person.

    The committee member said Salim Shawki told / information /, "The political blocs aspire to further amendments to the Federal Court Act to ensure that the restructuring of the Iraqi judiciary to draw fully and search for direct intervention in the process of selecting judges of the Federal Court."

    He added that "the legal committee and members of the House of Representatives will have the final word in the change, delete, and modify some of the paragraphs of the Federal Court Act, which was read the first reading," noting that "the current version of the law does not include a separate paragraph of the Federal Court for the Judicial Council."

    He Shawki that "interventions and observations of Representatives will begin towards the law after the second reading to him and will be re-formulate and amend the law according to these interventions," stressing that "the parliamentary legal seeking large Bashcla to separate the Judicial Council of the Federal Court." Finished / 25 u

    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%3D3451486&usg=ALkJrhgR6i297fM6RJgx9BWpm5blHvN3iA




  10. #10

    Re: The Dinar Daily, Saturday January 24, 2015

    sczin11- WOW!!! WHAT DOES THIS MEAN? SMART CARDS TO BE USED IN THE UAE!!!..... WILL THEY BE PAID IN US DOLLARS OR IRAQI DINARS? WILL THEY WITHDRAW FROM ATM'S IN US DOLLARS, IRAQI DINARS, OR UAE dirham , (AED), ? SOMETHING IS GOING ON...WOULDNT YOU AGREE?
    Rafidain Bank issued a smart card (ironing Card) for retirees in its branch in Abu Dhabi

    32 Show January 24, 2015 9:18


    (Independent) .. Rafidain Bank announced issuing smart card (ironing Card) for retirees in its branch in Abu Dhabi ..
    The Information Office of the Bank said in a statement that the delegation consists of Rafidain Bank staff and the company's global smart card visited Abu Dhabi branch briefed on preparations for the menu to activate the card ironing service.
    He said he has to issue the first smart card for retirees living in the United Arab Emirates, where the process can receive their pensions easily and without suffering as it was in the past through the receipt manually. (End)

    http://translate.googleusercontent.c...qj_Nbk1r5r29Eg



    OOTW - FROM YESTERDAY:

    Araji: corruption caused the lack of delivery of the ration card items

    January 23, 2015 14:31

    (Independent) .. Deputy Prime Minister Bahaa al-
    Araji, with Commerce Minister Abdul Karim Mlas agents ministry Advanced landlords where the reality of the Ministry's work and ways of finding new mechanisms of action to improve the provision of the service to the citizen.

    And held a meeting with al-
    Araji, general managers to discuss Almchklatoualemauqat facing Mderyatem work, and how to find appropriate solutions, and going through the country of critical economic developments.

    They said in a press conference held after Anthaoualajtmaa "The ministry officials confirmed that they will take a series of new steps in order to speed up the delivery of the ration card items to the citizens," noting that there are accusations of corruption ministry affected in previous periods as a result of not investing large amounts of money allocated for the ration card which led to the non-delivery of citizen quantity and kind of wanted.

    He pointed out that al-
    Araji, the duty of the ministry is not limited to the provision of the ration card, but it's dealing with important and vital sectors, calling for the need to develop and activated in order to take a real role.

    Deputy Prime Minister also emphasized the activation of the investment, noting that the way the actor to promote the work of the ministry with the financial means available.


    http://www.mustaqila.com/news/150141.html

    Last edited by OOTW; 01-24-2015 at 05:53 PM.

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