The Dinar Daily, Monday January 26, 2015
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  1. #1

    The Dinar Daily, Monday January 26, 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, Monday January 26, 2015

    Currency Auctions

    Announcement No. (2873)

    The latest daily currency auction was held in the Central Bank of Iraq on the 26-1-2015 results were as follows:


    DETAILS NOTES
    Number of banks 14
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 77,907,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 77,907,000
    Total offers for selling (US$) -----
    ​Market Rate 1217

  3. #3

    National Reconciliation Conference Thread

    ALL POSTS REGARDING THE SUBJECT TITLE ARE WELCOME AND THIS WILL BE A CONTINUING THREAD, BUT ESPECIALLY CONFERENCE CONTENT AND TIMING

    WHAT IS THIS " NATIONAL RECONCILIATION " ?

    'How This Ends':
    Iraq's Uncertain Path toward National Reconciliation
    Michael Eisenstadt and Ahmed Ali
    Also available in العربية
    Policy #1553
    July 17, 2009
    During Iraqi prime minister Nouri al-Maliki's visit to Washington next week, the Obama administration will likely seek to reinvigorate that country's flagging reconciliation process as part of ongoing efforts to establish a stable political order in Iraq. Progress, however, continues to be hindered by ongoing violence, deep-seated suspicions, and partisan politics, raising questions about the ultimate prospects for national reconciliation.

    Reconciliation and Postconflict Stability

    The process by which war-torn societies heal is imperfectly understood. Experience, however, suggests that societies undertaking a formal reconciliation process to consolidate domestic peace agreements have a better chance of avoiding further civil conflict than those that do not.

    Before 2003, U.S. and Iraqi thinking about reconciliation focused largely on the legacy of Saddam Hussein. Today, after six years of insurgency and civil war, reconciliation must also deal with the legacy of violence among ethnosectarian groups, and between former insurgents and the Iraqi government.

    Successful reconciliation efforts, such as those in Argentina, Chile, El Salvador, Honduras, Mozambique, South Africa, and Uruguay, require courageous and visionary leadership, and often involve the following elements:

    Truth telling, which permits victims to share traumas and perpetrators to acknowledge guilt
    Redefining social identities by portraying both victims and perpetrators as fellow citizens
    Partial justice, where victims are compensated and at least some of the perpetrators are punished
    Public events that promote forgiveness and new beginnings
    Most of these aspects, however, are missing from Iraq's flawed reconciliation process, which encompasses a diverse array of activities involving a broad array of actors -- the Iraqi and U.S. governments, nongovernmental and international organizations (NGOs and IOs), and neighboring states. These activities are often based on divergent assumptions about the nature of reconciliation and the means to achieving it.

    U.S. Efforts

    Since 2003, the United States has promoted reconciliation through the following activities:

    Working to incorporate Sunni Arabs into the Iraqi Security Forces (ISF) and the political process
    Making amends for the inadvertent killing of Iraqi civilians by offering apologies and compensation
    Engaging "reconcilable" elements in the Sunni Arab insurgency that are willing to join the political process
    Mending ties between estranged communities (Sunnis and Shiites, Arabs and Kurds) by organizing meetings to address common problems
    Pressing the Iraqi government to legislate the integration of former insurgents and disenfranchised communities into the political process
    Documenting property claims and disputes
    A tendency to view Iraq almost exclusively through an ethnosectarian prism undermined early U.S. reconciliation efforts and unwittingly contributed to the polarization of Iraqi society. Inadequate resourcing, a lack of interagency coordination, and a refusal to talk with insurgents also hindered these efforts.

    The U.S. took a new approach in the runup to and during the 2007 troop surge, when the U.S. military opted to work with former insurgents from various Awakening groups, known as Sons of Iraq (SOI), to fight al-Qaeda in Iraq (AQI). These bottom-up efforts, which focused mainly on reconciliation between U.S. forces and local Iraqi communities and insurgent groups, enjoyed significant success. During the surge, however, broadened efforts to reconcile estranged Iraqi communities, and former insurgents with the Iraqi government, witnessed only mixed success.

    Iraqi Efforts

    Many Iraqis saw the post-Saddam government's early attempts at reconciliation by retribution and compensation as nothing more than victor's justice. Retribution was carried out by de-Baathification and the trial of former regime personalities such as Saddam Hussein and Ali Hassan al-Majid (Chemical Ali). Compensation was achieved through the establishment of government foundations to care for Iraqis who had been maimed, imprisoned, or killed by the previous regime.

    In June 2006, shortly after becoming prime minister, al-Maliki announced a twenty-four-point national reconciliation plan that included provisions for amnesty, conferences, a review of de-Baathification procedures, compensation for victims, punishment for terrorists and war criminals, and the creation of the Supreme Committee for Dialogue and National Reconciliation (SCDNR). Minister of State for National Dialogue Affairs Akram al-Hakim, a close associate of al-Maliki, heads this committee, an organization that attempts to engage Iraqi tribes, civil society organizations, political parties, and religious leaders. Al-Hakim oversees, at least in theory, all governmental entities involved in reconciliation, although quite tellingly, the committee lacks a professional staff and remains unfunded (parliament rescinded $65 million earmarked by the Council of Ministers).

    The Iraqi government's principal operational arm for reconciliation is the Implementation and Follow-Up Committee for National Reconciliation (IFCNR), which was established in June 2007 and is currently headed by Muhammad Salman al-Saadi, another al-Maliki associate. While formally under the purview of SCDNR, it actually reports directly to the prime minister and enjoys a high degree of autonomy. It deals mainly with the vetting of former regime personnel, tribal affairs (including both Awakening and tribal support councils), internally displaced persons, access to basic services (denial of which was used in the past to punish perceived enemies), and job creation issues.

    In September 2007, the Iraqi parliament established the ad hoc National Reconciliation Committee (NRC). The independent Sunni parliamentarian Wathab Shaker heads this committee, and its dozen or so members are drawn from nearly all major parties. The NRC is not, however, a major player. Its primary activities include working for the release of mainly Sunni detainees and serving occasionally as an interlocutor to the Arab League.

    In January 2008, the Iraqi parliament passed the Accountability and Justice Law to supplant the de-Baathification system established in 2003 by the Coalition Provisional Authority. Although some of its provisions are improvements -- less stringent criteria for de-Baathification, more generous pensions for dismissed personnel, forfeiture of restored rights in the event of demonstrated culpability for criminal acts, and an independent appeals mechanism -- others are not, such as exceptions to the new de-Baathification criteria and the wholesale dismissal from government service of former employees of Baath-era security agencies. The commission required to implement the law, moreover, has not yet been established.

    In addition to these top-down governmental efforts, a number of bottom-up initiatives have originated from civil society, in the form of community and tribal gatherings.

    The Iraqi government's reconciliation activities have been hampered by the taint of politicization and the lack of follow-through. A desire for revenge rather than reconciliation was seen as driving early de-Baathification efforts and trials of former regime personalities, further polarizing Iraqi society. Al-Maliki uses IFCNR to extend patronage to his supporters, such as the tribal support councils, and to exert leverage over his former enemies, while members of parliament apparently drove the creation of the NRC to ensure that the government addressed their reconciliation agenda.

    Since al-Maliki outlined his ambitious agenda in 2006, accomplishments have been modest. Although dismissed army officers have been reinstated, personnel from the former regime's security forces have been paid their pensions, and local reconciliation efforts have gone well, problems remain. The Accountability and Justice Law remains largely unimplemented, key proposed amendments to the constitution have not been passed, and it is unclear whether the government will find stable employment for the eighty percent of former SOI militiamen who not being integrated into the ISF.

    Finally, differences between Baghdad and the Kurdistan Regional Government (KRG) have been dealt with primarily by deferring difficult decisions on such key issues as the status of Kirkuk, governance in Ninawa province, oil, peshmerga/ISF relations, and the KRG constitution.

    NGOs, IOs, and Neighbors

    Numerous foreign NGOs have supported the reconciliation process by training conflict resolution facilitators and sponsoring workshops and conferences to promote dialogue among Iraqis, resolve local conflicts, and forge a common future vision for the country.

    The UN Assistance Mission for Iraq (UNAMI) has promoted reconciliation by supporting elections, working to resolve the issue of Kirkuk, and helping draft the International Compact with Iraq. The Arab League sponsored the Conference for National Reconciliation in Cairo in November 2005 and dispatched a permanent mission to Baghdad in April 2006. The League's effectiveness, however, has been limited due to its failure to continuously staff its Baghdad office and tensions between its largely Sunni Arab membership and the largely Shiite Iraqi government. Finally, the government of Jordan has hosted a number of conferences to promote dialogue and reconciliation among Iraqis.

    While it is hard to assess the overall impact of these diverse activities, some NGO-sponsored peace-building efforts have yielded important local benefits.

    Reconciliation Challenges

    A number of factors are likely to complicate efforts to achieve national reconciliation in Iraq:

    Vested interests. Perhaps the biggest challenge is that key political parties have successfully exploited ethnosectarian grievances as a means of mobilizing support. These parties have a vested interest in perpetuating the political status quo and would stand to lose a great deal if a postsectarian style of politics in Iraq were to emerge as a result of a successful reconciliation process.

    Persistent violence. Ongoing violence, although at greatly reduced levels, prevents old wounds from healing, opens new wounds, and creates the potential for renewed civil war. This reality lends immediacy to one of the principal conclusions of a landmark World Bank study on civil conflict: nearly half of all countries emerging from civil war suffer a relapse within five years.

    Elusive consensus. Fundamental disagreements remain among Iraqis on a number of key issues, such as de-Baathification, the oil law, and Kirkuk. The fragmentation of Iraqi politics (more than four hundred parties and entities participated in recent provincial elections) complicates efforts to identify individuals capable of speaking for and negotiating on behalf of broad constituencies.

    Justice denied. Many of those responsible for the worst bloodletting in recent years -- including leaders of antigovernment insurgent groups and government death squads -- are still involved in public life as members of provincial councils, the ISF, or parliament and show no contrition for their actions.

    Demographic complexity. Because various population groups remain intermingled throughout the country despite years of ethnosectarian cleansing, incidents in one place may have broad consequences elsewhere.

    Multilayered conflicts. Iraq's civil war involved conflicts within, as well as between, communities: the "nationalist resistance" vs. AQI, Awakening councils vs. Islamists, Jaish al-Mahdi vs. ISF units aligned with the Islamic Supreme Council of Iraq. For this reason, intra- and intercommunal reconciliation is needed. To date, most reconciliation efforts have focused on the legacy of intercommunal conflicts, though ultimately both legacies need to be addressed.

    Iraqi political culture. While Arab tribal culture and Islam have provided the normative justifications and mechanisms for reconciliation at the local level, the desire for revenge, a zero-sum approach to politics, and religious extremism have hindered reconciliation at the national level.

    Election-year politics. In March 2009, when the government expressed a willingness to reconcile with some Baathists, a number of civil society organizations (all apparently linked to the Islamic Supreme Council of Iraq) were formed to thwart these efforts. It will be difficult for the government to ignore these organizations in the run-up to the January 2010 elections, lest it appear "soft" on Baathism and lose the support of key constituencies.

    External meddling. Syria, the Gulf Arab states, and Iran supported groups such as AQI and Jaish al-Mahdi, contributing greatly to the 2006-2007 Iraqi civil war and ongoing violence. Preventing the arming, training, and funding of such spoilers is key to keeping the peace in Iraq and moving the reconciliation process forward.

    For all these reasons, Iraqis are likely to coexist uneasily for the foreseeable future. National reconciliation, if it occurs at all, could take years.

    Next Steps

    Preventing major renewed outbreaks of violence is an essential condition for successful reconciliation in Iraq. Accordingly, the main U.S. priorities in the next two years should be to press the Iraqi government to find stable employment -- even if "make work" -- for former SOI personnel and army officers who participated in the insurgency, and to prevent clashes between the ISF and KRG forces in contested areas.

    This will require the United States, first, to expend significant political capital to convince the Iraqi government to take steps it finds extremely distasteful and, second, to continue to discourage the KRG from undertaking actions that could be perceived as provocative by other Iraqis. By the same token, the United States will have to tolerate al-Maliki's efforts to reconcile with members of Shiite cleric Muqtada al-Sadr's movement, including "special group" militants who have American blood on their hands.

    Furthermore, the United States and the international community should seek to advance the reconciliation process by:

    Working to enhance the capacity and professionalism of SCDNR and the Ministry of Justice, which plays a key role with regard to a number of potentially sensitive transitional justice issues
    Making foreign aid, investment, and debt forgiveness contingent on the Iraqi government's progress toward reconciliation, and by supporting, financially and materially, those organizations and entities, both Iraqi and foreign, actively working toward this goal
    Encouraging postsectarian politics in Iraq by funding NGOs that assist in the development of issue-based parties; urging the passage of a law that would require parties to declare sources of financing and proscribe funding from foreign sources (thereby reducing opportunities for foreign meddling in Iraqi politics); and pushing for the adoption of an open-list, multiple-district system for the January 2010 national elections, which is more likely to produce cross-sectarian political coalitions
    Fostering the creation of professional, nonsectarian civil service and security forces by offering merit-based training, education, and scholarships in the United States and elsewhere. Military assistance should be made contingent on continued progress toward creating an apolitical, professional, and reasonably representative officer corps
    Tapping into the widespread yearning for change in Iraq by issuing statements to the Iraqi and Arab media supportive of issue-based politics and free and fair elections. This will limit al-Maliki's ability to indulge his sectarian instincts and avoid meaningful reconciliation.
    Finally, the international community should encourage the establishment of an independent, nonpartisan Iraqi organization, whose board of governors is confirmed by parliament, to coordinate and prioritize nongovernmental reconciliation activities and to serve as a counterbalance to IFCNR and SCDNR. UNAMI, if properly resourced, might assist with this effort. Such an entity would help NGOs and local and provincial governments facilitate bottom-up reconciliation.

    Iraq is unlikely to resolve the many issues on its reconciliation agenda in the near -- or even distant -- future. Nonetheless, an energized reconciliation process that facilitates incremental progress on key issues, bolsters the security gains of the past two years, and helps tamp down ongoing violence is vital to the interests of both the United States and Iraq.

    The authors would like to acknowledge the work of William J. Long and Peter Brecke, authors of War and Reconciliation: Reason and Emotion in Conflict Resolution. A list of additional published sources used in this paper is available upon request.

    Michael Eisenstadt is a senior fellow and director of The Washington Institute's Military and Security Studies Program. Ahmed Ali is a research associate at the Institute, focusing on Iraq and Iran.

    http://www.washingtoninstitute.org/p...reconciliation

    AND

    National Reconciliation in Iraq

    Reality & Horizon


    http://www.socialwatch.org/sites/def...ation_Iraq.pdf


    THE CURRENT ADMINISTRATION

    Iraqi president announces steps towards national reconciliation
    Massoum says will press ahead with efforts to heal Iraq's sectarian rifts after meeting with UN envoy
    Fuad Masoum, the new president of Iraq and a veteran Kurdish politician, speaks during a press conference in Baghdad on July 24, 2014. (AFP PHOTO / ALI AL-SAADI)
    Fuad Masoum, the new president of Iraq and a veteran Kurdish politician, speaks during a press conference in Baghdad on July 24, 2014. (AFP PHOTO / ALI AL-SAADI)

    Baghdad, Asharq Al-Awsat—Iraqi President Fuad Massoum reaffirmed his intention to push forward a process of national political reconciliation on Tuesday, following a meeting with the UN Special Envoy to Iraq Nikolay Mladenov.
    “[The Iraqi government] is seeking to take decisive and resolute steps and reconsider some resolutions and laws in order to achieve national reconciliation and bring security and welfare,” a statement quoted Massoum as saying during a meeting with Mladenov.

    “National reconciliation is a social need; therefore, it cannot be achieved via meetings, conferences and pretense only. Rather, it requires strong will and actual participation from everyone, particularly since Iraq now is in need of reconciliation and solidarity more than ever,” the statement continued.

    Since the downfall of the former dictator Saddam Hussein following the US-led invasion of Iraq in 2003, Iraq has been increasingly beset by bloody sectarian violence and conflict at all levels, the most recent example of which has been the rise of the Sunni extremist organization the Islamic State of Iraq and Syria (ISIS).

    In particular, Iraq’s Sunnis, politically predominant in the pre-2003 era, have become increasingly disillusioned and disaffected by the rise of Shi’ite parties to power in Iraq, something experts say has contributed to the success of ISIS and groups like it.

    The US has called on the government of Shi’ite prime minister Haider Al-Abdadi to begin a reconciliation process with Iraqi Sunni leaders, and has warned that it will be necessary to integrate Sunni tribal militias into the security forces in order to defeat ISIS, something the previous government led by Nuri Al-Maliki was deeply reluctant to do.

    Massoum has tasked his Vice-President Iyad Allawi with following up on the issue of national reconciliation. The Shi’ite politician has held a series of meetings with exiled politicians and tribal leaders in Jordan, UAE and Qatar in a bid to involve them in the national reconciliation project.

    During his meeting with the UN special envoy, Massoum reiterated that “extensive national reconciliation is the only way to get rid of difficulties and help maintain security and social peace.”

    The United Nations would support Iraq in all fields and help it overcome its problems, Mladenov pledged.

    The Iraqi president told a group of reporters in November that he would “adopt an extensive national reconciliation project early next year.”

    “President Massoum possesses an integrated program and a clear vision regarding national reconciliation and once he is done with consultations and meetings, practical steps will begin,” a spokesman for the Iraqi presidency, Khalid Shawani, told Asharq Al-Awsat.

    According to Shawani, Massoum’s national reconciliation project will focus on two tracks: a political track, involving consultations with members of all of Iraq’s sects and ethnicities, and a legislative track, involving the review of existing legislation with an eye to fostering a greater degree of political and social reconciliation.

    The project will address several critical issues, such as the sectarian basis of Iraq’s political system (which unofficially reserves the presidency for a Kurd, the premiership for a Shi’ite, and the speaker of parliament’s chair for a Sunni), the issue of former Ba’athists and military personnel who fought against US forces, and individuals harmed by Saddam Hussein’s regime, Allawi previously said in a statement.

    While these issues have been raised before, some political leaders said that a push to tackle Iraq’s sectarian crisis had been given added urgency by the rise of ISIS and the threat of the country’s disintegration along ethnic and sectarian lines.

    Speaking exclusively to Asharq Al-Awsat, Iraqi Communist Party politburo member Raed Fahmy said unlike the past, the present political conditions in Iraq encourage national reconciliation efforts.

    “National reconciliation this time seems to be more of a reality than just mere words,” he said.

    http://www.aawsat.net/2014/12/article55339569

    AND

    Iraqi president announces steps towards national reconciliation



    Baghdad: Iraqi President Fuad Masum reaffirmed his intention to push forward a process of national political reconciliation on Tuesday, following a meeting with the UN Special Envoy to Iraq Nikolay Mladenov. “[The Iraqi government] is seeking to take decisive and resolute steps and reconsider some resolutions and laws in order to achieve national reconciliation and bring security and welfare,” a statement quoted Masum as saying during a meeting with Mladenov. “National reconciliation is a social need; therefore, it cannot be achieved via meetings, conferences and pretense only. Rather, it requires strong will and actual participation from everyone, particularly since Iraq now is in need of reconciliation and solidarity more than ever,” the statement continued. “President Masum possesses an integrated program and a clear vision regarding national reconciliation and once he is done with consultations and meetings, practical steps will begin,” a spokesman for the Iraqi presidency, Khalid Shawani, told Asharq Al-Awsat. According to Shawani, Masum’s national reconciliation project will focus on two tracks: a political track, involving consultations with members of all of Iraq’s sects and ethnicities, and a legislative track, involving the review of existing legislation with an eye to fostering a greater degree of political and social reconciliation...aawsat.net

    http://ekurd.net/mismas/articles/mis...dlocal1824.htm

    National: Allawi officially received the national reconciliation file and begin great strides

    Twilight News / National coalition led by said Vice President Iyad Allawi, on Wednesday, the latter formally recognizes the national reconciliation file in the country, adding that Allawi will begin the implementation of its internal and external levels. The spokeswoman said the coalition victory Allawi’s “Twilight News”, “The meeting, which brought together the three presidencies this week (the presidency of the republic, ministers, MPs) during which delivery Iyad Allawi formally national reconciliation file.” Allawi said that “Iyad Allawi will invest its relationship with the Arab and regional in terms of implementation of the national reconciliation project to stop the ranks with Iraq in its war against al Daash,” pointing out that “Allawi also will begin activating the internal file over the meetings and conferences with state institutions and tribal chain.” Tensm and Iyad Allawi, his vice-president of the Iraqi Republic, after nearly eight years of practice for the role of the opposition political Former Iraqi Prime Minister Nuri al-Maliki, who currently serves as the Vice President of the Republic as well. shafaaq.com Related Posts Abadi Davos: Iraq develop its economy despite the challenges (Jan 23, 2015) Adel Abdul-Mahdi: Iraq will be a rising economic power (Jan 23, 2015) Abadi looking with the founder of the Economic Forum ways (Jan 23, 2015) Abadi: We lost 40% of our economy for the drop in oil (Jan 23, 2015) Allawi opposed the secession of the Kurdistan region at the moment (Jan 23, 2015) Tags: al-Maliki Allawi Daash Iraq reconcilation file war

    http://iraqdinar.us

    RECENT NEWS

    Jubouri, Allawi discuss national reconciliation file


    Monday, December 12 2 / January 2015 22:29

    [Baghdad-where]

    Search House Speaker Salim al-Jubouri, in his private office on Monday, with Vice President Iyad Allawi and his accompanying delegation developments in the political process.

    A statement by the Office of the al-Jubouri, the agency received all of Iraq [where] a copy of which the two sides discussed "in particular national reconciliation undertaken by the Vice President of the Republic in the light of dialogue and reconciliation initiative launched by President al-Jubouri, a recent file".

    The statement added, "It was also agreed to work on the coordination of future attitudes and unify the visions on the important files that would reflect positively on the overall situation in Iraq."

    The head of the House of Representatives Saleem al-Jubouri, revealed earlier, all preparations are underway to hold a conference sponsored by the state of the dialogue with the opposition and includes measures of accountability and justice law [de-Baathification previously.

    As confirmed yesterday that "dialogue and national reconciliation of the basic issues that the House of Representatives Saouliha interest in it and we are among the fans on opening the prospect of sustained dialogue between is a participant in the government and the House of Representatives, as well as the opposition and certainly the next few days will lead to the results are clear and information" .anthy

    http://translate.googleusercontent.c...jPDD2BI4OowAKQ


    24 JANUARY 2015
    Hakim calls upon the United Nations to adopt the next conference of harmony and reconciliation in Iraq
    (COURTESY OF DEBBIE / IQD TEAM)


    BAGHDAD / .. head of the Islamic Supreme Council Ammar al-Hakim, the Sabbath, the United Nations called on to put points on the letters regarding the problems and obstacles to national reconciliation and harmony in the next conference .

    Hakim said, during a meeting with the Special Representative of the Secretary-General of the United Nations Nikolay Mladenov, according to a statement his office "Eye Iraq News" received a copy of it, that "the United Nations should adopt the next Conference of harmony and reconciliation, which is sponsored by the UN agency in the next month and diagnose problems and obstacles plan and program in order to achieve success and move it forward . "

    Hakim praised the UN efforts in Agaúh displaced, stressing the need for more efforts because of bad humanitarian situation of the displaced from their areas due to military operations .

    For his part, Mladenov "The United Nations is in the process of establishing a special fund for the reconstruction of areas liberated from the grip of Daash in Iraq," noting that the United Nations is seeking to alleviate the suffering of displaced families and reduce the humanitarian burden them .

    He said during a press conference held after the Hakim meeting, he discussed with him the subject of harmony, to be held under UN auspices in the next month, and the London Conference of the Coalition and the progress of the Iraqi forces and the level of international assistance to Iraq government program and legislation related to it .

    In another context, Hakim said, "What happened in France suffered from a French magazine to attack a terrorist crime is the subject of condemnation and stand deduced them, and do not accept that the Muslims in the world are exposed to collective punishment and to offend their beliefs . "

    The United Nations has called for intensified efforts for the release of the Bahraini opposition Ali Salman, describing it as "believers in democracy, and that his continued detention and trial would cause sectarian strife, indispensable in the region as well as the deepening divide between the Islamic doctrines"

    http://aynaliraqnews.com/index.php?aa=news&id22=30001


    SCZIN11- JANUARY 25, 2015

    Mladenov up to Karbala to attend meetings on dialogue and reconciliation in Iraq

    Sunday, January 25 2 / January 2015 11:58
    [Karbala-where]

    Special Representative of the Secretary-General of the United Nations in Iraq, Nikolai Miladinov, arrived Sunday morning, the city of Karbala.
    Mladenov and visit Karbala to attend the round table meetings on the national dialogue and reconciliation in Iraq.
    And participate in this conference Karbala governor Akil Turaihi and President of the Council Nassif rhetorical political and human rights figures from the provinces of Najaf and Babil.
    And place these days between the political parties dialogues about the initiative put forward by House Speaker Salim al-Jubouri for dialogue with the opposition parties to include destinations outside Iraq.
    The al-Jubouri, had revealed earlier, all preparations are underway to hold a conference sponsored by the state of the dialogue with the opposition and includes measures of accountability and justice law [de-Baathification previously.
    As al-Jubouri said in 11 of this month that "dialogue and national reconciliation of the basic issues that the House of Representatives Saouliha interest in it and we are among the fans on opening the prospect of sustained dialogue between is a participant in the government and the House of Representatives, as well as the opposition and certainly the next few days will lead to the results to be clear and information. "
    For his part, President of the Republic Fuad Masum, revealed last Thursday on "The preparation of the expanded national reconciliation conference will take months," pointing out that "everyone will be invited to the conference, including members of armed factions that have not stained their hands with the blood of Iraqis."
    He said that "with the cancellation of the law of accountability, justice and the assignment of its files to the courts because they are transitional rule in the Constitution, and the time came to revise this law," pointing out that "the presence of proposals to cancel the Justice and Accountability Act, and legislation prohibition of belonging to the Baath party law," adding that he "can not keep all I belong to the former Baath Party, "because they would be half of the Iraqi people." End quote


    http://translate.googleusercontent.c...4pOnjqQd0Ddw-w

    Mladenov: call for reconciliation in Iraq is very encouraging and will enhance the government's efforts to reform

    Sunday, January 25 2 / January 2015 23:06

    [Baghdad-where]
    Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov described the call for reconciliation in Iraq as "very encouraging and it will strengthen the government's efforts at reform."
    According to a statement of the mission internationalism [UNAMI] received by all of Iraq [where] a copy of Mladenov "presided over today in the city of Karbala first forum of a series of forums Roundtable held with civil society and the public and tribal leaders, clerics and scholars from the provinces of Karbala, Najaf and Babil about social cohesion between the Iraqi social and political actors, which was held in Baghdad on 26 and November 27, 2014 ".
    The statement quoted Mladenov said that "collective call by the participants to promote peaceful coexistence and national dialogue and reconciliation is very encouraging," adding that "this support will strengthen the government's efforts to revitalize its program of reform and reconciliation."
    He said the UN envoy "It is encouraging to see the clergy and dignitaries of the community to communicate with their communities for the purpose of setting issues that affect the reconciliation efforts and strengthen comprehensive dialogue in Iraq among the priorities," noting that "should these messages continue to spread in order to devote the principles of inclusiveness, trust and compatibility between the components of Iraq." .
    Participants at the meeting stressed the importance of strengthening the social and religious cohesion as well as healing the divisions within Iraqi society.


    He is scheduled to hold a second forum in the province of Basra in the first week of February next.
    anthy

    http://translate.googleusercontent.c...vb9pP4PzTvhXaA




    ONE MIGHT ARGUE THAT THE Justice and Accountability Act IS A LAW THAT NEEDS TO BE REVISED BEFORE THERE CAN / SHOULD BE A CONFERENCE
    - CHATTELS


    Ordeal: the government is determined to amend the Justice and Accountability Act



    MP for the Iraqi National Alliance honest ordeal, said the political blocs agreed within the paper political agreement to amend the law of accountability and justice in a fair, pointing out that the government is determined to amend the law. He said the ordeal told all of Iraq [where], "The Justice and Accountability Act needs to be amended," he said, adding that he "must be invoked to eliminate any crime if there was Msthompsk must prove that there is no selective." He added that "most of those affected were not their crimes against the Iraqi people," noting that "the prime minister Haider al-Abadi is determined to end this matter." He said the ordeal that "modifying the law of accountability and neutrophil came within the paper political agreement between the political blocs, that modifies the fair, but until now have not been discussed either in the Cabinet or Parliament, or between the blocks."The Legal Committee of the National Alliance would deal with this law, and we will soon be upon the law on freedom of expression." He was President, Fuad Masum said last Wednesday, during a meeting with a delegation from the Committee on Justice and Accountability in the House of Representatives on the need to review some of the accountability and justice, and the differences in views concerning the efforts to settle outstanding issues laws. The General Secretariat of the Council of Ministers, was announced earlier this month, for completion of the law and accountability.

    http://tinyurl.com/lxppvxw


    Sheikh Hamoudi invite the President of the National Reconciliation Commission to make the unity of Iraq and the target of their work



    History of edits:: 2015/1/26 12:33 •

    {Baghdad: Euphrates News} called a member of the Presidency of the Council of Representatives, Sheikh Hamoudi to activate the national reconciliation project, support and exert more efforts for each work is in the unity of Iraq.

    A statement by the office of Sheikh Hamoudi agency {Euphrates News} received a copy of it today that "This came during a meeting in his office the President of the National Reconciliation Commission in the Council of Ministers Jawad Abdul-Zahra al-Husseini, where the latter presented a review of the work of the committee and submitted during the past period."
    He urged Sheikh Hamoudi according to the statement Chairman of the Committee to continue efforts at national reconciliation project and make the unity of Iraq the target of their work.
    The statement added that "the Chairman of the Committee requested the involvement of the committee in the discussions that will take place regarding the accountability and justice law to provide the House with information and details of the fact that within the jurisdiction of their work," .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%3D3459142&usg=ALkJrhi2d9kSAjoiOI4HTJ7zca2NvX6aBw




    Iaram Sheikh discuss with the US ambassador national reconciliation project




    Monday, January 2/26 January 2015 14:28

    [Baghdad-Line]
    Search Deputy Speaker Iaram Sheikh Mohammed on Monday with the US ambassador to Iraq, [Stewart Jones] latest developments in Iraq and the region.
    According to a statement to the House of Representatives received by all of Iraq [where] a copy of the "Sheikh Mohammed received the US ambassador in his office in Baghdad and discussed with him the latest developments on the Iraqi arena and security developments and the ongoing war with al Daash terrorist, and what are the events in the region, and the importance of success national reconciliation project to ensure the participation of all Iraqi factions in the political process. "
    He Iaram Sheikh Mohammed, the US ambassador to the need to expedite the implementation of a close political agreement and abide by the terms, adding that the House of Representatives is determined to pass the state budget for the year 2015 as soon as possible and the importance of reducing costs and finding other sources of funding other than oil, and find quick solutions to end the austerity in the country ".
    For his part, Stuart Jones, according to the statement expressed his happiness for this meeting, stressing the continuation of bilateral relations between Baghdad and Washington, and US support for the Iraqi government and the Kurdistan region and the importance of adhering to the agreement concluded between the province and the center ".anthy


    http://translate.googleusercontent.c...31Ma6K9cwIeW8g




    Iraq is looking forward to the role of the United Nations for the success of reconciliation



    Twilight News President Fuad Masum / said Monday that Iraq is looking forward to the role of the United Nations for the success of the national reconciliation in the country.
    The infallible speaks during a meeting with a representative of the Secretary-General of the United Nations in Iraq, Nikolai Miladinov, who confirmed that the United Nations in connection with the proposal to hold an international conference to demonstrate the importance of national reconciliation in Iraq.
    According to a statement to the Office of the infallible Word for "Twilight News", the two sides discussed the role of the UN to help Iraq, particularly in light of the current conditions and the presence of large numbers of displaced people and displaced.
    The two sides also discussed the need for Iraq to support and advice of the United Nations for the success of the national reconciliation project.
    Masum said that "Iraq is looking forward to the role of the International Mission for the success of this important national project," and expressed his appreciation for "the role of the mission in this regard."
    The President of the Republic on the need for "reconciliation is accomplished on the basis of objective and fruitful."
    For his part, Miladinov explained that "the aim of the visit was to exchange views on the draft national reconciliation and practical ways to make it a success," stressing "the importance of the president's role in the collection of the row and the convergence of views to strengthen national unity," according to the statement.
    Miladinov and pointed out that "the United Nations in connection with the proposal to hold an international conference to demonstrate the importance of national reconciliation for all spectra of the Iraqi people."
    The new "United Nations stuck in their relentless pursuit to provide all forms of assistance in order to consolidate national reconciliation and unity, as well as to alleviate the suffering of displaced persons and displaced persons in all areas."
    Through Miladinov delighted "to start a new phase of relations between the federal government and the Kurdistan Regional Government and the design of the two parties in order to install understanding the judge to end the outstanding problems."
    Iraq seeks to make reconciliation between its components and overcome deep differences prevailed over the past years and contributed to the worsening security tensions and political differences.

    http://translate.googleusercontent.c...CiHWh914-wecLA
    Last edited by sczin11; 01-26-2015 at 04:25 PM.

  4. #4

    Re: The Dinar Daily, Monday January 26, 2015

    *************ALL RECENT UPDATES WILL BE IN THIS COLOR *******

    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 ......

    Launch trading of shares of AL-Iraqia for Money Transfer on Thursday Feb 5, 2015
    25/01/2015 06:46



    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

    Launch trading of shares of Al Taif Money Transfer on Thursday Feb 5, 2015
    25/01/2015 07:01


    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-

    Launch trading of shares of Sama Baghdad Finance Transfer on Sunday Feb 8, 2015
    25/01/2015 07:10



    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






  5. #5

    Re: The Dinar Daily, Monday January 26, 2015

    sczin11- WE REPORT....YOU DECIDE

    Parliamentary Finance reveal the date of the budget presentation to the House of Representatives





    BAGHDAD - ((eighth day))

    Parliamentary Finance Committee revealed that there is a permanent and continuous meetings to read the paragraphs of the federal budget for 2015 project, referring to the completion of 140 items in the project as they kept the 12 extra material, and we continue to be discussed and we hope to finish them next Saturday for the purpose of the project presented to the House of Representatives in session on Sunday or Monday ".

    The member of the Finance Committee, Ahmed Sarhan, said that "the Commission has all ministries to reduce expenses significantly and these reductions included unnecessary requirements.
    He noted that "regional development allocations take them every province represented by population figures, Vmhafezh Dohuk got 17 billion dinars and 197 billion dinars Sulaymaniyah and Erbil 157 JD". (AA)

    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%3D3458762&usg=ALkJrhh3trgSkWjCFW3_Byh5wkRNS2yVPQ


    AND THEN....


    Finance Committee: Sunday or Monday next budget presentation to the House of Representatives



    BAGHDAD - Iraq Press - January 26: Parliamentary Finance Committee revealed that there is a permanent and continuous meetings to read the paragraphs of the federal budget for 2015 project, referring to the completion of 140 items in the project as they kept the 12 extra material, and we continue to be discussed and we hope to finish them next Saturday For the purpose of the project presented to the House of Representatives in session on Sunday or Monday. "

    The member of the Finance Committee, Sirhan Ahmed, said that "the Commission has reduced all ministries expenses dramatically and these reductions included unnecessary requirements, adding that" regional development allocations take them every province represented by population figures, Vmhafezh Dohuk got 17 billion dinars and Sulaymaniyah 197 billion dinars, and the province of Arbil, 157 JD. " Admiral ended
    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3458752&usg=ALkJrhhASBsmaGjMRH3u2gPBOEWzKf9m6w


    AND THEN....


    Parliamentary Finance: the time limit for the submission of the budget report ends next Thursday



    Information / Baghdad / ..
    Parliamentary Finance Committee confirmed Monday that the time limit for the submission of the final report of the draft federal budget for the current year law will end next Thursday, as pointed out that transfers grades operation between ministries is not yet finished.

    Said committee member Ahmed Hama told / information /, "The Committee ended the subject of reducing expenditures in the budgets of ministries to fill in the general budget for the current year deficit," noting that "the Finance Committee need only two days to complete the final draft of the draft budget for 2015 Act."
    "The Finance Committee is withheld 26 000 functional degree from the defense and interior ministries in order to give them to other ministries," explaining that "grades deducted from the defense and interior will be dedicated to the installation of the contracts in the Ministry of Industry, mostly."

    He flesh out that "there are large claims by the Ministry of Education and the Electoral Commission for the allocation of functional grades for them in the budget of 2015," stressing that "the time limit for the submission of the final report of the draft federal budget for the current year law will expire next Thursday."
    The Presidency of the Council of Representatives announced on Sunday it was the Parliamentary Finance Committee has given three days to complete the drafting of the final report of the public budget and submit it to parliament for a vote on it. 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%3D3458676&usg=ALkJrhgimU25G-SYm6dTcaCS5jxFkR_pvw


    .....
    AND THEN




    Ahmed Chalabi

    Chalabi is Jubouri readiness budget vote next Thursday




    01/26/2015 13:57




    Long-Presse / Baghdad
    Told the Chairman of the Finance Committee in the House of Representatives, Ahmad Chalabi, Monday, Parliament Speaker Salim al-readiness project financial budget for the current year 2015, to vote on Thursday.
    To be continued ...



    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%3D3459272&usg=ALkJrhhyN-8X4mLBtz1SyH82vWnNP4D96g


    ..... AND THEN

    Aajl..almalah parliamentary: vote on the budget next Thursday

    Monday, January 2/26 January 2015 14:07
    [Baghdad-where]
    Finance Committee announced on Monday that the vote on the budget bill will be next Thursday.
    According to a parliamentary source familiar, told all of Iraq [where], "The Chairman of the Finance Committee, Ahmad Chalabi, said in a parliament session today that he will vote on the draft general budget for the current year law during a session next Thursday."
    The House of Representatives held on Monday, led by its regular Saleem al-Jubouri, and the presence of 230 Naúba.anthy 14


    http://translate.googleusercontent.c...TcMPaLaGM8TlLg


    ..... AND THEN


    Deputy for the National Parliament is likely to continue holding sessions until the completion of the budget

    Monday, January 2/26 January 2015 13:56

    [Baghdad-where]
    Favored the MP for the Iraqi National Alliance, Abdul Ilah Naieli, continuing the House of Representatives to hold its meetings until the completion of the budget bill.
    He Naieli told all of Iraq [where], that "Parliament will continue to hold its meetings to the next week, and will not take his weekends until the completion of the budget bill."
    The parliamentary Finance Committee, announced the complete them 140 items in the budget bill.
    A member of the Committee, Sirhan Ahmed, for [where], "we meet every day and there is a continuous material substance readings," noting that "we finished the completion of 140 items in the project remained to have 12 extra material, and we continue to be discussed and we hope to finish next Saturday from materials for the purpose of completing the project presented to the House of Representatives in session on Sunday or Monday. "
    He said Sirhan, a deputy from the province of Dohuk, "The committee has reduced all ministries expenses dramatically and these reductions included unnecessary requirements," pointing out that "the regional development allocations take them every province represented by population figures, Vmhafezh Dohuk, for example, got a 17 billion dinars and Sulaymaniyah 197 billion dinars, and the province of Arbil, 157 JD ".anthy 2


    http://translate.googleusercontent.c...4SAgEg9bKHzqHA

    ..... AND THEN

    House of Representatives will vote on the budget next Thursday



    01/26/2015 14:26:00


    House of Representatives will vote on the budget next Thursday


    MP from the Patriotic Union of Kurdistan block Bakhtiar Shaways, said Thursday's session of the House of Representatives will vote on the federal budget for 2015.
    He MP Bakhtiyar Shaways through a special permit for PUKmedia, today Monday, 26/01/2015: The media all deputies that a hearing next Thursday will vote on the federal budget for 2015.
    He said the Attorney Bakhtiar Shaways: The hearing on Thursday will be attended by a representative of the federal government, is scheduled to be voted on the budget.


    http://translate.googleusercontent.c...e7SR4sA1miYJYQ




    AND / BUT, MAYBE SOONER

    Parliamentary Finance expects the budget presentation to a vote next Wednesday

    Baghdad .. Parliamentary Finance Committee, Sunday, displayed on the budget vote is expected next Wednesday, while confirming that the Commission needs to two days to prepare the final draft. Said committee member Majda al-Tamimi told / information /, "The Finance Committee need two or three days to complete the final draft of the general budget of the law in 2015," pointing out that "there are some points that should be discussed in addition to make transfers. Tamimi added that "the budget could be ready by next Wednesday of this week, to be submitted to vote." The Presidency of the Council of Representatives said on Sunday it was the Parliamentary Finance Committee has given three days to complete the drafting of the final report of the public budget and submit it to parliament for a vote on it.

    http://tinyurl.com/lgz4eef COURTESY OF IQD TEAM


    BUT THEN



    Official statement: Parliament to vote on 2015 budget law draft on Thursday session


    Monday, 26 January 2015 16:35

    Baghdad (AIN) –An official statement from the Iraqi parliament on Monday mentioned that "The Parliament decided to present the 2015 federal budget law draft for a vote during next Thursday session."

    http://www.alliraqnews.com/en/index....-session-.html

    AND NOW

    Speaker: Parliament to vote on 2015 budget law draft on Thursday session

    Monday, 26 January 2015 15:52

    Baghdad (AIN) –The Speaker of the Iraqi Parliament Salim al-Jubouri assured on Monday that next Thursday session will witness voting on 2015 federal budget law draft.

    MP Razaq Mihaibes of the Iraqi National Alliance stated to AIN "The Speaker Salim al-Jabouri declared during Monday session that the federal budget law draft will be added to the agenda of Thursday session for voting," noting that "There is no vacation for the parliament."

    Earlier, the parliamentary financial committee mentioned on Monday that "The federal budget law of 2015 will be submitted for a vote during next Thursday session."

    http://www.alliraqnews.com/en/index....-session-.html

    AND NOW... 10:45 am est...hmmm WHAT DOES THIS MEAN?


    Shawki: the budget would be to appeal that intersected with other laws
    Date: 01/26/2015 18:03Information / Baghdad / ..He stressed the Parliamentary Legal Committee member Salim Shawki, on Monday, the need not to intersect with the draft budget law and other laws so as not to appeal.
    He said Shawki in a statement to the mass of citizens and agency / information received / copy of it, that "the draft budget which rounded investment, a two, a round sovereign respect the sovereign ministries emanated from the account population density and is dedicated to its directorates in governorates, and trochanter other is rounded Local emanated from petrodollars and from ports and of the holy sites, and this round for local provinces. "
    "He and when comes the budget and says that recycled back to the Treasury, this is not true and therefore we were informed and were given to understand the Finance Committee that the local circular is the maturity of the province as the Act 21 of 2008 the rate is applicable law and may select five dollars to the provinces."
    He pointed out that "the budget included two dollars without giving five dollars offense presents the budget to the appeal and therefore must refer to three dollars to save the form, for example."
    The Presidency of the Council of Representatives decided to grant the Parliamentary Finance Committee three days beginning on the first Saturday and three days to complete the drafting of the final report of the budget Ama.anthy / 25 j

    http://translate.googleusercontent.c...LC3chfi0W4mRtA




    Last edited by sczin11; 01-26-2015 at 03:47 PM.

  6. #6

    Re: The Dinar Daily, Monday January 26, 2015


    sczin11- And THE GOODS KEEP COMING..... WHEN WILL THEY MAKE THEIR MOVE?

    Former adviser: al-Maliki received a percentage of each project has been implemented in Baghdad



    BAGHDAD - ((eighth day))

    Said former adviser to former Prime Minister Nuri al-Maliki that the latter

    gets a percentage of each project is being implemented in Baghdad.


    Chancellor, who declined to be named told ((eighth day)) that Nouri al-Maliki, he gets a percentage of all projects that implement large or small, and to all ministries and independent bodies, adding that the mediator between companies and Maliki is Yasser Abed Ckal who had refused to grant contracts If it has not been given the required ratio.
    Counsel added that the biggest percentage obtained by al-Maliki was one of the project Basmajh where he earned his first two proportions of the Korean company and the second from Baghdad Investment Authority.


    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%3D3458660&usg=ALkJrhh-HM_XmOpLGll4iuHQKaZzojXZcA
    Last edited by pinkadonai1; 01-26-2015 at 11:07 AM.

  7. #7

    Re: The Dinar Daily, Monday January 26, 2015

    Investment Kirkuk granted 23 investment license at a cost of more than $ 345 million



    One of investment projects in the province of Kirkuk

    Long-Presse / Kirkuk
    Announced Investment Commission of Kirkuk on Monday, about 23 investment license granted to various sectors at a cost of more than $ 345 million over the past year in 2014, while confirming that a single license includes the creation of complex (the cities) residential.

    The general director of the Investment Commission of Kirkuk Falah Abdul Rahman Bazzaz in an interview to the (long-Presse), "The Commission granted 32 investment license in the industrial, residential, health, tourism and commercial sectors and other investment areas cost exceeded $ 345 million over the past year in 2014," noting that "Vacations included housing projects to create complex (cities) at a cost of more than $ 50 million. "

    Bazzaz said that "the challenges taking place in Iraq and Kirkuk in particular of the security and financial aspects did not prevent continue to grant investment licenses because Karkuk promising investments and City Square ground for reconstruction and construction and development."

    Bazzaz and pointed out that "the projects awarded licenses include the establishment of galleries typical display of vehicles and the production of plastic bags and complex Laoshan mall and a gas station, restaurants, halls and Park multi-storey and shops and complex Majidi Mall commercial and residential complex cities, as well as the establishment of two sides of the civil University, restaurant and motel Paris and plant for the manufacture of bricks Complex City 2 residential compound and the second Bmrahlth Bavian complex commercial and educational success and complex Kirkuk (City 4) and Al-Ahli Hospital Kirkuk, Kirkuk and exhibition of Ceramics and projects in the districts and areas. "

    The board of investment of Kirkuk, announced on Friday (10 May 2013), awarded "Nine licenses" investment for the construction of housing and industrial projects, while confirmed that the number of approved residential projects amounted to "(23) projects," the most important goal it is considered to help the local government in the provision of services to citizens, noting that the security status of Kirkuk has helped to attract "(500) Local and foreign investors."

    Kirkuk is one of the richest provinces of Iraq to the content of the oil, but it still lacks a lot of services because of political differences over its ownership between the region and the center or between components.


    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%3D3459044&usg=ALkJrhjFPrsWE9X43udhgg4pDqVUZZkhWQ

    Last edited by pinkadonai1; 01-26-2015 at 10:56 AM.

  8. #8

    Re: The Dinar Daily, Monday January 26, 2015

    Urgent ..amana Cabinet: tomorrow to discuss the draft of the National Guard and accountability, justice and the prohibition of the Baath Party {law} buried



    {Baghdad: Euphrates News} General Secretariat of the Council of Ministers announced on Monday that the council will discuss tomorrow project of the National Guard and the accountability and justice law and the prohibition {} defunct Baath Party.

    According to a source familiar with the Euphrates News Agency {} "The Council of Ministers will discuss during its meeting scheduled on Tuesday Anakdaha project of the National Guard and the accountability and justice law and the prohibition of the Baath Party {} buried. Ended


    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3459032&usg=ALkJrhj-fcpbwmtVLJQeYnvQ_TJE8eVvzQ
    Last edited by pinkadonai1; 01-26-2015 at 10:58 AM.

  9. #9

    Re: The Dinar Daily, Monday January 26, 2015

    sczin11- Here is another report from another economic expert..They sure do have a lot of them

    Economic expert: erect Petrokmaoyat golden opportunity for the Iraqi economy



    Information / special / ..Described an economic expert peace Sumaisem, on Monday, contracted the Iraqi government with the company "Shell" to build a petrochemical plant as a "golden opportunity" for the Iraqi economy, and while confirming that Iraq has become an aspiration investment for each company, called to overcome past mistakes that have occurred with the oil companies.

    She Sumaisem told / information /, "The Iraqi government contract with Shell to build a petrochemical plant a golden opportunity for the Iraqi economy, and the advent of Shell Iraq Company for investment is a benefit in itself, and this means that Iraq has become an aspiration investment for each company."
    She added that "Iraq signed with international companies in a better political and military challenges and the threat of criminal groups Daash show the impression that Iraq is safe climate for investment."

    She Sumaisem "We're still looking for the cause of the licensing round and the transparency of the process management, calling on the Iraqi government to" overcome past mistakes that have occurred with the oil companies and try to invest this golden opportunity. "

    The office of Prime Minister Haider al-Abadi said earlier Saturday that the Ministry of Industry will determine the site of petrochemical and direct factory built.
    It is noteworthy that the prime minister Haider al-Abadi announced last Friday that his government has signed a contract with the company "Shell" to build a petrochemical plant, as revealed on the allocation of five billion dinars for the reconstruction of Madn.anthy / 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%3D3458679&usg=ALkJrhg5uqWwpgU1vJvJdqwVd7p5aNSkPw
    Last edited by pinkadonai1; 01-26-2015 at 11:00 AM.

  10. #10
    Member
    Join Date
    May 2012
    Location
    Caribean Islands
    Posts
    69

    Re: The Dinar Daily, Monday January 26, 2015

    More on Money transfer companies and dates of not of just trading but actually beginning money transfers.



    Why so many of them?

    http://www.iraq-businessnews.com/2015/01/25/iraq-stock-market-report-139/
    Last edited by pinkadonai1; 01-26-2015 at 11:02 AM.

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