The Dinar Daily, Wednesday January 28, 2015
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  1. #1

    The Dinar Daily, Wednesday January 28, 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
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    Re: The Dinar Daily, Wednesday January 28, 2015

    OK AND WHAT ABOUT THIS? 69,000,000 AUCTION???? ARE THEY RUNNING OUT OF MONEY? OR PLANNING SOMETHING?



    http://www.iraq-businessnews.com/2015/01/27/currency-auction-results-27th-jan/
    Last edited by pinkadonai1; 01-28-2015 at 10:55 AM.

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    Re: The Dinar Daily, Wednesday January 28, 2015

    And then there is this. Egypt forgives Iraq debt for oil!



    http://www.iraq-businessnews.com/2015/01/27/egypt-forgives-iraqi-debt-in-exchange-for-oil/
    Last edited by pinkadonai1; 01-28-2015 at 10:57 AM.

  4. #4

    Re: The Dinar Daily, Wednesday January 28, 2015

    Currency Auctions

    Announcement No. (2875)

    The latest daily currency auction was held in the Central Bank of Iraq on the 28-1-2015 results were as follows:

    DETAILS NOTES
    Number of banks 10
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 40,151,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 40,151,000
    Total offers for selling (US$) -----


    Market Value 1225



    WEDNESDAY JANUARY 28, 2015 UPDATE COMMENTS! IF THE CBI AUCTIONS ARE SOOOOO LOW, AND THE DOLLARS ARE BEING DE-DOLLARIZED, AND THE CBI IS NOW FUNDING SO MANY DINARS TO THE BANKS FOR LOANS TO THEIR PEOPLE ETC... HOW ARE ALL THE CONTRACTS GOING TO PAID...TO THE COMPANIES WHO ARE BUILDING AND RE-BUILDING THE NEW IRAQ?...NO DOLLARS, LOTS OF DINARS...NO INTERNATIONAL RATE ON THEIR DINAR? HOW LONG CAN THAT GO ON?



    AND LOOK AT THIS


    sczin11- DE-DOLARIZATION IN PROGRESS?????....I MENTIONED THAT POSSIBILITY YESTERDAY.... LOOK AT THE WORDS BELOW..

    Central bank sales of the dollar falling to its lowest level in months



    [Baghdad-where]Tumbled CBI sales, to its lowest level since several months where no more than in the auction on Wednesday 40 million and 151 thousand dollars.
    Bank sales were in the auction yesterday, 69 million and 593 000 dollars.

    According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of the auction price of the dollar today reached 40 million and 151 thousand dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 10 banks."

    He pointed out that "the quantity sold in cash amounted to 32 million and 130 thousand dollars, and the quantity sold Khawwalat amounted to 8.021 million dollars."

    The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "

    It was noted a reduction in central bank sales index in the past few days, where no more than $ 200 million, 17 this month, since with the exception of January 20, reaching sales of $ 224 million.

    Not yet know the cause of this decline and whether it resulted from the popularity of the auction or

    reduce the amount of supply of the dollar.

    This decline also may come to coincide with the passage of Iraq in financial distress and a lack of liquidity due to reduced imports because of falling world oil prices and the government's efforts to fill in the austerity budget deficit in 2015 of 25 trillion dinars.

    The statistical interview [where] showed that central bank sales of the dollar last for 2014 amounted to 49 billion, 579 million and 738 000 Dolar.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%3D3466636&usg=ALkJrhjnirNynPTxgcU-X_-T_-XWPI4xMg
    Last edited by sczin11; 01-28-2015 at 07:18 PM.

  5. #5

    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


    Abadi Jubouri Najafi seeking reconciliation project and implementation constraints paper political agreement




    Tuesday, 27 January 2 / January 2015 12:52

    [Baghdad-where]
    Search Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri and Vice President Osama Najafi in a joint meeting of the national reconciliation project and implementation constraints paper political agreement which formalized the government.
    A statement by the Office of Jubouri released today by the Agency has received all of Iraq [where] a copy of the Abadi Jubouri Najafi "met yesterday in the House Speaker's office in the presence of ministerial and parliamentary bloc of the Alliance of Iraqi forces."
    Jubouri said according to the statement that "some blocks feel that many of the items contained in the document the political agreement have not been implemented, which will affect the political positions of those blocks."
    He added that "Iraq today is in the process of approving the budget and at the same time moving towards national reconciliation project which is necessitated by the Prime Minister to attend to discuss, among other problematic issues and to stand in front of the reasons for the delay and the delay in those items and ways to overcome the obstacles."
    As the President of the House of Representatives that "the meeting touched on the problem of displaced persons and the need to find a real and clear solutions which amounts to the displaced clearly allocated in the budget, in addition to discuss the security situation thoroughly and, in particular, the negative effects of the military operations that affect innocent people, whether to demolish houses or burned." it's over

    http://translate.googleusercontent.c..._Xsu6gfRbYMRyg



    THE MOST RECENT THREE ARTICLES HEREIN ABOVE SUGGEST THAT THE CONTENT OF THE NATIONAL CONFERENCE AND / OR OBSTACLES TO CONVENING MAY BE, 1) THE " UNFULLFILLED " POLITICAL AGREEMENT BETWEEN THE POLITICAL BLOCS TO FORM THE CURRENT ADMINISTRATION / GOVERNMENT, 2) THE BUDGET GENERALLY / MONIES TO ADDRESS THE INTERNALLY DISPLACED PERSONS, 3) SECURITY AND THE CONSEQUENCE OF MILITARY OPERATIONS TO RESTORE IT, 3) THE AGREEMENT(S) BETWEEN BAGHDAD AND eRBIL. - CHATTELS

    Jumaili legislation calls for the laws regarding national reconciliation

    Wednesday, December 28 2 / January 2015 08:40

    [Baghdad-where]
    Called on the Speaker of the House adviser for national reconciliation and unity Jumaili, a set of laws legislation on national reconciliation, prove its good intentions of government agencies that have adopted the reconciliation initiative.
    She Jumaili in a statement received by all of Iraq [where], a copy of it today, "There are a lot of initiatives launched by international bodies and UN local and the other about national reconciliation, and today have the initiative of UN-sponsored initiative other government-sponsored three presidencies, in order to put roadmap for national reconciliation. "
    "We do not need today to conferences or initiatives regarding reconciliation, but we need to prove its good intentions of government agencies that have adopted the national reconciliation initiative, through legislation, a set of laws to ensure that the civil rights of the citizens of innocent and defenseless in the conflict areas and the preservation of the lives and property of the people through These laws or decisions. "
    Jumaili confirmed the need to "investigate and document the political agreement and the approval of a general amnesty and the achievement of the national balance and help the displaced and the enactment of the National Guard law provisions."
    The prime minister Haider al-Abadi, and House Speaker Salim al-Jubouri, and Vice President Osama Najafi, discussed on Tuesday, in a joint meeting of the national reconciliation project and implementation constraints paper political agreement which formalized the government.
    A statement by the Office of the al-Jubouri, received [where], a copy of "al-Jubouri said that, Iraq today is in the process of approving the budget goes on at the same time toward the national reconciliation project, which necessitated by the Prime Minister to attend to discuss inter and problematic issues to stand in front of the reasons for the delay and the delay in Those items and ways to overcome obstacles ".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%3D3465513&usg=ALkJrhiA8ySOpD0slY76PbXysM31IkjQVQ

    National Reconciliation Must Take Into Account The Interests of All Iraqi Parties

    28/01/2015 8:34

    BAGHDAD / NINA / The head of the Islamic Supreme Council of Iraq, Ammar al-Hakim said "national reconciliation must take into account the interests of all components of the Iraqi parties and assured their fears.

    A statement of the Islamic Supreme Council quoted Hakim as saying during a meeting with the delegation of the international Finnish Organization CMI of management crisis and conflict headed by former Ambassador of the European Union in Iraq (Elka Antero) that "reconciliation must deal with social and other problems and develop appropriate solutions for the post-Daash."

    For their part, members of the international delegation appreciated proposals and ideas of al-Hakim on national reconciliation in Iraq, stressing the keenness of the organization to put the potentials and expertise to resolve conflicts and promote reconciliation in Iraq, ".

    http://ninanews.com/Website/News_Det...qzaw%253d%253d
    Last edited by chattels; 01-29-2015 at 05:13 AM.

  6. #6

    Re: The Dinar Daily, Wednesday January 28, 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?

    JAN 27- AS JACKIECHAN POINTED OUT YESTERDAY, SEVERAL OTHER MONEY TRANSFER COMPANIES ARE SUPPOSED TO HAVE STARTED TRADING, OR ANNOUNCED THEY WILL SHORTLY...IN ADDITION, SEVERAL HAVE ANNOUNCESD THEY HAVE MET THE PRELIMINARY REQUIREMENTS AS SET FORTH BY THE ISX AND SECURITIES COMMISSION, IN ORDER TO BEGIN THEIR TRADING... WE WAIT TO SEE MORE INFORMATION!

    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






  7. #7

    Re: The Dinar Daily, Wednesday January 28, 2015

    WEDNESDAY JANUARY 28, 2015 UPDATE COMMENTS! IF THE CBI AUCTIONS ARE SOOOOO LOW, AND THE DOLLARS ARE BEING DE-DOLLARIZED, AND THE CBI IS NOW FUNDING SO MANY DINARS TO THE BANKS FOR LOANS TO THEIR PEOPLE ETC... HOW ARE ALL THE CONTRACTS GOING TO PAID...TO THE COMPANIES WHO ARE BUILDING AND RE-BUILDING THE NEW IRAQ?...NO DOLLARS, LOTS OF DINARS...NO INTERNATIONAL RATE ON THEIR DINAR? HOW LONG CAN THAT GO ON?


    sczin11- HERE IS THE TRANSLATION FROM ARABIC, BY OUR GOOD FRIEND MELIAHLORE, OF THE CBI ANNOUNCEMENT FROM YESTERDAY, TUESDAY JAN 27, 2015.....FOLLOWED BY THE POSTS/OPINIONS/AND COMMENTS WE DISCUSSED MUCH OF THE DAY..

    CBI Arabic Announcement - "press release ) in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, and in light of the financial challenges faced by the country, the Department of the Central Bank Council approved the proposals made ​​by the inter bank's board."

    Release from the Iraqi Central Bank statement

    In line with the Central Bank of tasks and responsibility in supporting the development and stimulate the Iraqi economy, and in light of the financial challenges faced by the country, the Board of the Central Bank Board of Directors approved the proposals made by the inter bank's board is the most important:

    1 - support the liquidity of specialized commercial banks in the amount of (5) five trillion dinars to enable them to provide loans to agricultural and pro Appointment of providing housing and real estate loans in support of economic activity and job creation.

    2 - financing the state budget loan amount (6) six trillion dinars run through 50% of the reserves deposited by commercial banks with the Central Bank of Iraq.

    3 - Re-purchase of treasury bonds from the secondary market, where the central bank will buy about five (5) trillion dinars in the first phase of those bonds.
    Note that the above procedures for upholding the Central Bank of Iraq's Special Reserve.

    CBI
    Baghdad
    01/27/2015

    Original Document Link:
    http://www.cbi.iq/documents/press%20...027-1-2015.pdf

    ______________

    sczin11- SO IT APPEARS WHAT WAS DISCUSSED IN THE UN-ANNOUNCED MEETING THIS PAST SUNDAY, HAS BEEN MADE OFFICIAL...THE CBI IS GOING TO PROVIDE MONEY TO THEIR LOCAL BANKS, IN ORDER TO CREATE LOANS FOR THE PRIVATE SECTORS, JOBS FOR MORE IRAQI CITIZENS, AND IS GOING TO BUY BACK BONDS TO SAVE THE GOVERNMENT ON INTEREST PAYMENTS, THUS AIDING IN THE "LIQUIDITY" ISSUES...


    MAJOR DETAILS COMING IN MANY VERSIONS, OF THE RELEASE TODAY ON THEIR WEBSITE, WHICH IS BASICALLY THE FINALIZATION OF THE UN-ANNOUNCED MEETING THEY HAD ON SUNDAY..... THEY ARE TAKING CHARGE, AND MY MAJOR QUESTION IS,

    WHO IS RUNNING THE SHOW? I FIND IT VERY UNLIKELY, KEYWORDS (LOL) ALI MOSHIN ISHMAEL IS MAKING THIS HAPPEN..

    I DONT THINK ALI WOULD BE SMART ENOUGH TO COME UP WITH THE PLAN, ON HOW TO GET AROUND "LOANING" THE GOVERNMENT MONEY, AS MALIKI ORIGINALLY WANTED... SOMEONE MORE STATISTICALLY EDUCATED, AND ECONOMICALLY SAAVY WOULD HAVE TO BE AUTHORING THIS...DR. SHABIBI, BEHIND THE SCENES?


    **********************
    SCZIN11- *** OPINION *****

    _________________
    WHAT DOES THIS ALL MEAN IN REGARDS TO OUR LIQUIDITY EVENT?




    WHY IS THE CBI ANNOUNCEMENT TODAY, JANUARY 27, 2015, REGARDING THE BUYING BACK OF GOVERNMENT ISSUED BONDS, ALONG WITH BOOSTING LIQUIDITY AND SUSTAINING FOREIGN EXCHANGE RATES SO CRITICAL TO THE EVENT WE AWAIT..THAT BEING THE "RAISING OF THE VALUE OF THE IRAQI DINAR"????


    TO FULLY UNDERSTAND MY THEORY, YOU MUST UNDERSTAND THAT ALL BONDS HAVE A BUILT IN INTEREST RATE, THE INVESTOR IS BASING HIS INVESTMENT ON...IN ORDER FOR THE BONDS TO BE ATTRACTIVE TO THE INVESTOR, THEY NORMALLY OFFER A HIGHER INTEREST RATE, RETURN, THEN CURRENT MARKET CONDITIONS...AS WE KNOW, IRAQ HAS MANY TRILLIONS OF DINARS WORTH OF BONDS OUT IN THE MARKET...




    WITH A VOLATILE REVENUE FORECAST, IN OTHER WORDS, AS MUCH OF THEIR INCOME IS BASED ON OIL REVENUES, AND NO EXCESS PROFITS TO COUNT ON IN THE NEAR TERM, AS THE PRICE OF OIL HAS FALLEN TO WHERE ITS AT NOW, THE COST OF PAYING THESE BONDHOLDERS COULD BANKRUPT THE COUNTRY, IN THE EVENT OF FUTURE DECREASES......


    IF NOT BANKRUPT, IT WOULD STRONGLY AFFECT THE STRENGTH OF THEIR CURRENCY, AS THEY WOULD NOT BE ABLE TO SUSTAIN A FAIR MARKET RATE AND COMPETE FAIRLY IN THE INTERNATIONAL MARKET ECONOMY.


    MORE IMPORTANT, NOT HAVING THE BONDS TO WORRY ABOUT, WILL ENABLE IRAQ TO JUSTIFY A MORE STABLE DINAR IN THE MARKET, AND IN ANY MARKET CONDITION, A STRONGER/HIGHER VALUE OF THEIR MOST IMPORTANT COMMODITY...THE IRAQI DINAR!


    THE CBI, IN CHARGE OF THE MONETARY POLICY OF IRAQ, AND ALSO IN CHARGE OF FUNDING THE BUDGET, WHEN APPROVED, IN OTHER WORDS, WHEN IRAQ NEEDS LIQUID MONEY FOR A BUDGETED ITEM, A PROJECT IF YOU WILL, IT IS THE CBI'S RESPONSIBILITY, JUST LIKE OUR FEDERAL RESERVE, TO FUND THE GOVERNMENT, PROVIDE THE NECESSARY DINARS TO PAY THE EXPENSE.


    WITHOUT HAVING THESE BONDS ON THE STREET, THE CBI IS ABLE TO JUSTIFY A GREATER GDP, AS THE EXPENSES THAT WOULD BE AN OBLIGATION ON THE GOVERNMENT OF IRAQ, WOULD NOT EXIST. A GREATER GDP, MEANS STRONGER CURRENCY VALUE.....HIGHER RATE ON THE IRAQI DINAR!


    NOW, THE LAST POINT, IMHO, THE CBI HAS A RATE IN THE PLAN, THAT HAS BEEN APPROVED BY THE IMF ALREADY. THEY ARE BUYING BONDS BACK, AND USING COMPLICATED FORMULAS, ECONOMICS PROJECTIONS, AND THE KNOWLEDGE OF DR. SINAN AL SHABIBI, THEY HAVE LEFT THE DOOR WIDE OPEN, BY STATING THIS ; "will buy about 5 trillion dinars in the first phase of these bonds," MEANING, IF THEY ARE NOT MEETING THE STRENGTH THEY NEED, THE NUMBERS THAT WILL GET THE RATE THEY DESIRE, THEY CAN TAKE MORE DINAR BONDS OFF THE MARKET IN THE SECOND PHASE!!

    ***** EVERYTHING THEY ARE DOING, HAS TO BE TOWARDS THEIR ULTIMATE GOAL....THAT BEING A SOVEREIGN, DEMOCRATIC, POWERHOUSE, AND WITHOUT A CURRENCY THAT CANT HAPPEN...SO THERE IS A REASON FOR EVERYTHING THAT GOES ON ...AND THE CBI HAS BEEN BUSY BUSY LATELY, STARTING WITH THE MEETINGS LAST WEEK WITH THE MINISTERS OF OIL, PLANNING, FINANCE, AND PM ABADI, NEVER HAPPENED BEFORE IN MY TENURE...TO THE LACK OF AUCTIONS LAST FEW DAYS..TO THE UN-ANNOUNCED MEETING SUNDAY, TO THEM TAKING AN ACTIVE ROLE, TO EXECUTE THEIR DEFINED POSITION IN THE IRAQI SOCIETY...MANAGE THE MONEY!!! WOW!!!!!!!!

    Central Bank decides to support banks five trillion dinars and finance the budget six trillion dinars



    Alsumaria News / Baghdad Iraqi Central Bank decided Tuesday to support commercial banks to five trillion dinars and finance the budget six trillion dinars.

    The bank said in a statement, "Alsumaria News" received a copy of which was "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, the Administration approved the Central Bank Council, among other proposals made by the Bank's management, including the liquidity support specialized commercial banks in the amount of five trillion dinars to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. "

    The bank said it was "also decided to finance public Budgeting state $ 6 trillion dinars run through 50% of the deposits of commercial banks reserves with the Central Bank of Iraq," noting that "he also decided to buy back treasury bonds from the secondary market, where the central bank will buy about ( 5) five trillion dinars first stage of those bonds. "

    The bank said that "the actions taken by the Bank for upholding the private reserves of the Central Bank of Iraq."

    The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, in (December 25, 2014) that the Bank of Aakarz government in the event of low budget Iraq, noting the general orientation to activate the budgets of development banks and housing funds.

    The new law, the Central Bank of Iraq No. 56 for the year 2004 despite the objection of private banks on some of its articles, but he granted independence of the central bank's monetary policy in the administration of Iraq.



    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%3D3462857&usg=ALkJrhhvW74S1zVmX9QMV6cC7Tn2eRISjA



    AND

    Central Bank decides to facilitate the sale of foreign currency measures to reduce the deficit

    BAGHDAD - Iraq Press - The Central Bank of Iraq announced support liquidity of the banking system and to facilitate foreign currency sale in order to reduce the budget deficit measures, alluding to "making a decision to facilitate the sale of foreign currency measures" Money and criticism "to ensure the stability of the market and exchange rate ".

    He said in a statement that "the Board of the Central Bank discussed Minutes exceptional financial situation in Iraq and the wider deficit in the general budget and decided to take measures crisis to support liquidity in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing opportunities work and achieve prosperity. " 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%3D3463118&usg=ALkJrhiW9E_ehTHEEC2_d-AGFc30YYki1g


    AND....

    Central Bank decides to support the liquidity of the banking system and facilitates the sale of foreign currency to reduce the budget deficit measures


    {Baghdad: Euphrates News} CBI on Tuesday decided to support the liquidity of the banking system and facilitate the sale of foreign currency to reduce the budget deficit procedures.

    According to a statement of the bank and agency {Euphrates News} received a copy of it today that "the Board of the Central Bank discussed Minutes special on 25/01/2015 financial situation in Iraq and the wider deficit in the general budget and decided to take measures crisis to support liquidity in the banking system so that it could carry out his duties At the same time the normal tenure of government debt instruments so as to enhance sustainable development and providing job opportunities and achieve Alrkhaq. "

    "The council also decided to simplify the procedures for the sale of foreign currency in cash and Money {} in order to facilitate the perpetuation of the market and exchange rate stability."

    Iraq has been going through a financial crisis due to lower global oil prices, which have negatively impacted on the state budget and a deficit in it. "
    With Congress likely to be next Thursday as the date to vote on the 2015 budget that after a round of discussions and actions to reduce the deficit .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%3D3463149&usg=ALkJrhisJpyx_RbQ6u3NZJ12xlIqDftSOQ


    AND....


    Central Bank to take decisions in order to stimulate the Iraqi economy Tune 16 trillion dinars

    Tomorrow Press / Baghdad: approved the CBI, on Tuesday, the inter proposals in order to stimulate the economy, support the liquidity of banks included five trillion dinars and finance general budget, six trillions and trillions of five buy bonds as well.

    The central bank announced in a statement received by "tomorrow Press" that "in line with the Central Bank of Iraq tasks and responsibility to support and stimulate the Iraqi economy and in light of the financial challenges faced by the country's central bank's management board approved the inter proposals made by the Bank's management."

    The bank added that "the most important proposals support the liquidity of specialized commercial banks $ 5 trillion dinars to enable it to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation, as well as financing the state budget with a loan of $ 6 trillion dinars run through 50% of the reserves commercial banks. "
    "The central bank also decided to buy Treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars in the first phase of these bonds," adding that "the above procedures for upholding the private reserves of the Central Bank."

    Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock, below $ 48 per barrel, after it was $ 110.
    Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.

    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%3D3463218&usg=ALkJrhguPll043GfHUpLDRw1T59zySmf0Q


    AND....

    CBI is funded by the state budget 6 trillion dinars
    Cairo - direct: the Iraqi Central Bank agreed to finance the state budget by 6 trillion Iraqi dinars (equivalent to US $ 5.1 billion) through the operation of 50% of commercial banks' reserves deposited with the CBI has.According to a statement directly obtained a copy of it, the central noted that the decision was in line with the bank's functions and responsibility in supporting the process of development and the memorization of the economy of Iraq, and in light of the financial challenges faced by Iraq.

    It is noteworthy that the bank decided to take measures to boost liquidity crisis in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing job opportunities and achieve Alrkhaq. "

    "The council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the perpetuation of the market and exchange rate stability."


    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%3D3463373&usg=ALkJrhgArsanENEjM6MupK89jt32L5QHSA


    AND....


    Central Bank decides to finance the budget by 6 trillion dinars and agree on a set of proposals




    (Independent) The central bank decided to finance the budget for the current fiscal 2015 six trillion Iraqi dinars, and as he emphasized his agreement to a set of proposals to address the financial challenge in Iraq.

    The bank said in a statement received by the (independent) said Tuesday that "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy and in light of the financial challenges faced by the country, and approved by the Board of the Central Bank, among the proposals made by the bank's management."

    The bank said in its statement that "among the proposals is to support the liquidity of specialized commercial banks $ 5 five trillion dinars to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation, as well as financing the state budget with a loan of $ 6 six trillion dinars During the run 50% of the commercial banks' reserves deposited with the Central Bank of Iraq. "

    The bank said that "the Board of Directors approved the repurchase of treasury bonds from the secondary market, where the central bank will buy about 5 five trillion dinars as a first stage of those bonds," asserting that "these actions do not affect the Central Bank of Iraq's Special Reserve." (END)


    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%3D3463508&usg=ALkJrhgDAoLtDw7zT6yAK15dXy4pzn2eRw


    AND....


    Central Bank announces funding the state budget six trillion dinars and
    five others to support the commercial banks

    20 visits readable



    {Baghdad: Euphrates News} Iraqi Central Bank announced Tuesday financed by the state budget six trillion dinars and five other; to support the commercial banks.

    According to a statement of the bank and agency {Euphrates News} received a copy of it today, that "in line with the central bank tasks and responsibility in supporting the development and stimulate the Iraqi economy and in light of the financial challenges faced by the country and approved by the Board of the Central Bank, among other proposals made by the bank's board, is the most important specialized support liquidity of commercial banks in the amount of five trillion dinars; to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. "

    "The Council also decided to finance the state budget with a loan amount of six trillion dinars run through 50% of the commercial banks' reserves deposited with the Central Bank of Iraq."
    The statement said that "the Board decided to buy back treasury bonds from the secondary market, where the central bank will buy about five trillion dinars in the first phase of that bond, note that the above procedures for upholding the Central Bank's reserves."

    Iraq has been going through a financial crisis due to lower global oil prices, which have negatively impacted on the state budget and a deficit in it. "

    With Congress likely to be next Thursday as the date to vote on the 2015 budget that after a round of discussions and actions to reduce the deficit .anthy h

    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%3D3463522&usg=ALkJrhjAime2eH7YLvchTWwwAAENCqOP3A


    AND

    Call to activate the role of private banks to cope with the financial crisis

    Baghdad / my today called on Chairman of the Economic Studies Board at the University of Kufa Raad Twigg, the central bank to activate the role of private banks and stimulate the private sector to address the financial crisis as a result of lower oil prices He explained Twigg in a press statement that "the circumstances of the Iraqi economy caused by low Oil prices had on the government to find alternatives to revive the economy, calling on the central bank to extend financial arms of private banks and the initiative will be to ask the modern banking services and earn more than the Iraqi banking public. "He added, that the confidence of the central bank to transfer private banks financing from commercial activities to the real activities of the Iraqi economy and this would make the tanker to the process of Iraq's economic transformation towards the economy in the context of the transition towards a free-market system ".

    wartf Brent crude price in the futures last Friday after the announcement of the death of the Saudi monarch, to $ 49.80 a barrel shortly after the start of trading before that trimming gains to $ 49.30 a barrel .obulg WTI US mediator in the futures of $ 47 a barrel after reaching US $ 47.76 earlier in the Alcilh.okan

    Central Bank of Iraq, decided to take the necessary measures to boost liquidity measures in the banking system and simplify procedures sale of foreign currency in order to facilitate the stability of the market and the exchange rate. The central bank said in a press statement that "the Board of the Central Bank of Iraq management, discussed the extraordinary Directors held today, the financial situation in Iraq and the wider deficit in the public budget," .oorteur Council, according to the statement "take the necessary measures to boost liquidity measures in the banking system so that it could regular performance of his duties, and at the same time, the acquisition of government debt instruments so as to enhance sustainable development and job creation and prosperity ". As also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the stability of the market and the exchange rate.


    http://beladitoday.com/?iraq=%CF%DA%...ews&id22=38298
    Last edited by sczin11; 01-28-2015 at 06:35 PM.

  8. #8

    Re: The Dinar Daily, Wednesday January 28, 2015

    Tanker loaded with oil from the Kurdistan Regional leave America after the conflict continued for 6 months



    Twilight News / tanker carrying one million barrels of oil from the Kurdistan Region waters of the United States heading east on Tuesday after Baghdad and Erbil reached an agreement on the sharing of oil revenues, after a legal dispute lasted 6 months. The tanker went "United Kalaverwta" which was anchored in the Gulf of Mexico and the United States since July to the Strait of Gibraltar across the Atlantic as Marine Management Services said the operating company for the airline, based in Greece. Adding that she had not received any notification of unloading the shipment.

    In the past week, petitions submitted by lawyers for Iraq and the Kurdistan Regional Government in the Houston court showed that the ship will move soon to another destination to undergo special previews to keep classified testimony.

    The lawyers told the court that it is also possible to reach agreement on the shipment after the Iraqi government unveiled a draft budget for 2015 to the parliament.


    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%3D3465448&usg=ALkJrhgIwFTFLEEJO_Anan8nB75UP0ZiZg
    Last edited by pinkadonai1; 01-28-2015 at 11:15 AM.

  9. #9

    Re: The Dinar Daily, Wednesday January 28, 2015

    Legal Advisor: draft "accountability and justice," the new more stringent than the former and the demolition of the national reconciliation project



    Legal Advisor: draft "accountability and justice," the new more stringent than the former and the demolition of the national reconciliation project

    Legal Advisor Ahmed al-Abadi said that the draft of the new accountability law and justice more stringent than the previous law and against the trends of the new state Baltrchiq and undermine the national reconciliation project.

    Ebadi said: that militancy in the draft presented is to expand covered by the Department of procedures and revisit again for the most part, and to impose new punitive measures, and also gave privileges to the president and members of the Supreme National Commission for Accountability and Justice, and increased violations of the second chapter of your rights and freedoms of the Constitution.

    Legal Counsel confirmed that the draft came against the orientation of the Iraqi government Baltrchiq austerity where increased panelists privileges, has identified Article (2 / Item IV) of the Commission Law in force, the number of members of the Commission b (7 members and the rank of director general) while the draft presented suggests that the seven members of a private and highly specific and Lisu elected; and competencies in the light of the new draft intersect, functions and terms of the draft law on political parties sent to the House of Representatives.

    He added that the new draft intersect and political trends of the Iraqi state in its efforts to achieve national reconciliation and wide, but undermine all the efforts of the prime minister and the presidency and parliament, cemented in Iraqi society in light of the challenges of terrorism.

    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%3D3461087&usg=ALkJrhgYc0AqltUl62EOxnXcSSZO47tfgg
    Last edited by pinkadonai1; 01-28-2015 at 11:16 AM.

  10. #10

    Re: The Dinar Daily, Wednesday January 28, 2015

    Husseini calls for the activation of the customs tariff law to protect national products



    {Baghdad: Euphrates News} called MP for citizen bloc affiliated to the National Alliance Hamdiya Husseini, on Wednesday, the activation of the customs tariff law to protect national products.

    Confirmed Husseini in a press release agency {Euphrates News} received a copy of it on "the need to emphasize the item not to purchase from the private sector, but after apologize to the public sector for the processing and activation of the customs tariff law to protect national products, and to promote the national industry in order to be considered an important supplier of budget resources , and not rely only on oil, especially in light of price volatility with the present. "

    Husseini appealed to the Prime Minister for "solving the subject of self-financing and private staff of the Ministry of Industry and Minerals staff because they are the owners of the families, it is our duty to develop appropriate solutions to them and exchange overdue salaries not more than four months."

    She added that "the government advancement of labs that produce oils and military clothing, blankets, tents and make them initiate production through the provision of preliminary work materials and manpower available but Off and issuing instructions not to import goods have counterparts in the Iraqi industry and raise the slogan {Made in Iraq}". 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%3D3465647&usg=ALkJrhhgN6SGFl1rWpxwFu06bG8f5pXijg

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