" The Dinar Daily ", Monday, 23 February 2015
Page 1 of 10 123 ... LastLast
Results 1 to 10 of 94

Thread: " The Dinar Daily ", Monday, 23 February 2015

  1. #1

    " The Dinar Daily ", Monday, 23 February 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


    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
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________


    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″..

    __________________________________________________ ______________


    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



    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.



    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.


    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.


    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,

  2. #2

    Re: " The Dinar Daily ", Monday, 23 February 2015

    reserved for budget status news

  3. #3

    Re: " The Dinar Daily ", Monday, 23 February 2015

    Indicative rates - 23.02.2015 with no relevant change for us and no auction results since 19 - 02 - 2015.



    Last edited by chattels; 02-24-2015 at 10:53 AM.

  4. #4

    Re: " The Dinar Daily ", Monday, 23 February 2015

    reserved for national reconciliation, 1

  5. #5

    Re: " The Dinar Daily ", Monday, 23 February 2015

    reserved for national reconciliation, 2

    Hakim: Iraq needs reconciliation

    • February 23, 2015 •

    Tumblr Hakim: Iraq needs reconciliation The head of the Islamic Supreme Council of Iraq Ammar al-Hakim, on Monday, Iraq’s need for national reconciliation as a priority at the current stage, calling for an end to some of the political blocs suspend its presence in the House of Representatives and the government. A statement by the Presidency of the Supreme Council in a press statement received “obelisk” a copy of it, that “the wise and presided over the central council meeting extended to stream Mihrab in his office in Baghdad, stressed the importance of bringing everyone concessions for all and that seeks to meet in the middle,” calling outstanding blocks the activity and presence in the Chamber of Deputies and Ministers to “return to exercise its functions in both houses.” He praised the wise according to the statement “under the guidance of religious authority for unmet appeal”, they returned it with a “historic document that represents an integrated vision for the proper conduct of jihad,” pointing to “the importance of research post Daash and embrace their seducer and bring them back to the national ranks.” And “the importance of the implementation of the government program of the Government of National Unity”, referring to the “security developments in the region and the expansion of activity Daash terrorist in Libya and Egypt,” noting that “this expansion is the same Mahdhir him and called him a tumor malignant, which will be deployed if he had the circumstances.” He also noted “the importance of internal discipline to stream Mihrab and to maintain the public interest on the immediate interests and stick to the project and Etbiana to the public.”


    COMMENT : Note that there is the generic notion of national reconciliation ( forgiveness, understanding and unity ) and there is the " National Reconciliation Conference "
    . - chattels
    Last edited by chattels; 02-24-2015 at 11:07 AM.

  6. #6

    Re: " The Dinar Daily ", Monday, 23 February 2015

    "House": read "National Guard" and "accountability" this week

    Cabinet confirms send drafts guessed the decision the House of Representatives, read the legal National Guard and the accountability and justice and the prohibition of the Baath Party draft, within the meetings of the Council, this week, as explained Information Office of the Prime Minister, not linked to the government approving laws, after it has voted by the Council of Ministers. He said the House of Representatives decision MP Imad Youkhana, "The two draft laws to the Council of State, and we believe the arrival of the Council during this week and read them during the same week." Among Youkhana in a statement to "New Morning" that "is supposed to be the Shura Council State to send legislation to the government, and the last is sent to the House of Representatives, "explaining that" the Council of State possesses no authority to send the bills to the House of Representatives, but the transmitter by the government He stressed that "the vote on the bills in the House of Representatives needed for a long time," pointing out that "differences on the National Guard less than the accountability and justice, to the agreement of all the blocks to form a guard, unlike the situation in the body that vary by political blocs law, whether the content of the law or the survival of the body or canceled."

    And that "on Monday, it will become clear the agenda of the House of Representatives on Tuesday, "adding that" but in all cases, in the event of arrival of the Council, are not taken to put a hearing on Tuesday.

    For his part, said Saad al-Hadithi, spokesman for the prime minister's office, in a statement to "New Morning", "The House Minister commissioned in its day last Tuesday, the General Secretariat of the Council to send a legal draft of the National Guard and the accountability and justice and the prohibition of the Baath Party, to the Council of State for scrutiny of the legal and constitutional standpoint, "explaining that" after checking the Secretariat will send drafts to the House of Representatives.

    He stressed that " Council of Ministers no longer linked to send legislation to the House of Representatives, they have become a bill and turned to the State Council for scrutiny, "explaining that" the audit a routine bill either before ratification or after the vote.

    and that "the ball approving laws in the court of the House of Representatives is no longer any connection to the Council of Ministers Baleghanonin.

    The Presidency of the Council of Representatives, had previously announced, the disruption of the consideration of the accountability and justice bills and the Baath Party, and the National Guard until the end of the State Council of the comments on the draft laws, accusing the government of confusing legislation these laws through sent to two directions at once, denying and unequivocally the existence of any draft forged to projects.

    The House of Representatives decision Niazi architecture Ihsanoglu said in a statement to the "New Morning" that "the draft accountability and justice, and the prohibition of the Baath Party House of Representatives has handed them formulas primitive and incomplete."

    He added Ihsanoglu that "the House of Representatives received these two projects an official letter from the General Secretariat of the Council of Ministers", blaming "the last responsible for any error happened in the transmitter process."

    He pointed out that "the legislature has ignored the projects; because they unreformed hand crafted and was supposed to send them to the Council State Consultative for these numbers to match with the Constitution and relevant laws

    Last edited by chattels; 02-24-2015 at 11:08 AM.

  7. #7

    Re: " The Dinar Daily ", Monday, 23 February 2015

    reserved for siege of mosul

  8. #8

    Re: " The Dinar Daily ", Monday, 23 February 2015


    Government Abadi amended paragraphs oil and gas law and the Kurdistan welcomes

    BAGHDAD .. Government Abadi face challenges and tasks, including many bills have not been completed, and perhaps set up a new version of the law of oil and gas gain acceptance of the governments in Baghdad and Erbil go a long way in establishing the relationship between the parties on the basis of mutual understanding to resolve other outstanding issues.

    He stressed that the Kurdistan Alliance, "a project of the new oil and gas law and the amendments thereto widely accepted, he noted that he was" not contrary to paragraph 111 of the Constitution, which provides for the distribution of national wealth to the people. "

    The MP said independent Kurdish Mahmoud Othman, said thatre "the amendments contained in the new draft oil and gas law is in the framework of the agreement between the Ministry of Oil and the Kurdistan Regional Government," stssing that "the paragraphs of the new law, allows for the Kurdistan region to export oil in exchange for a financial stake of the federal government."

    He added Osman told Baghdad International / WAP / "The draft of the new oil and gas law, which was prepared by Dr. Haider Abadi government and amendments thereto, thrown acceptance of the Kurdish party, and that he does not violate paragraph 111 of the Constitution which stipulates the distribution of national wealth to the people."

    Osman said that "the bill comes in the framework of cooperation between Baghdad and Erbil to melt the ice and resolving differences and settle the outstanding problems," noting that "the law was passed in the House of Representatives will depend on the consensus of political parties."

    It seems that the security challenges posed by the Daash the federal government paid to take several steps to launch a new page in the national relations, and between steps, the agreement reached by the Oil Ministry with the Kurdistan Regional Government, in preparation for the settlement of other issues between Baghdad and Erbil.

    There were reports the preparation of a new project for the oil and gas law, noting that the new project, who are eyeing the reasons that have prevented the passing of the bill earlier in order to overcome in the new draft.

    Developments in the project of the new oil and gas law, I took into consideration, the deep financial crisis in Iraq following the drop in oil prices and rising oil provinces voice that demands that have a say in the writing of the law for the exploitation of oil resources extracted from their territory.

    But observers pointed out that the new law should not pass through political consensus and deal satisfy certain parties

    He described the political analyst Mohammed Ugaili's / WAP / that "Oil Minister Adel Abdul-Mahdi agreement with the Government of the Territory as a political agreement, did not meet the national interest requirements," and expressed the hope "that does not deprive the project of the new oil and gas law, the southern provinces, which are still straining under the weight of misery and deprivation. "

    He was a member of the Committee on Energy parliamentary Zaher al-Abadi said in an earlier statement, the oil and gas law was controversial and widely between the federal government and the Kurdistan Regional Government has been behind major conflicts between the two governments, noting that the Council of Ministers sent the 2007 draft oil and gas law to Parliament in order to read and vote it, but the parliament decided to return the bill to the government.



    Barzani: The Government is committed to Erbil Convention concluded with Baghdad fully


    Barzani: The Government is committed to Erbil Convention concluded with Baghdad fully

    BAGHDAD - President of the Kurdistan Regional Government Nechirvan Barzani, on Monday, that the province will resort to "another solution" in the event of non-application of the central government to implement the general budget for 2015 and abide by the agreement the oil law.

    Barzani said in a statement issued on the sidelines of a meeting with a number of media institutions officials received news agency Baghdad International / WAP / copy of it, "the Kurdistan Regional Government is committed to fully signed the Convention with the federal government, and is willing to address the problems with Baghdad," he said, adding that "in If you do not the Iraqi government's commitment to the Convention and the non-application of the budget law will resort Kurdistan region to look for another solution.

    Barzani said that "the solution to the problems and the implementation of the budget law of 2015 priorities region which is in the interest of the region and the whole of Iraq," stressing that "the oil policy of the Kurdistan region was established in accordance with the Iraqi constitution.

    Barzani pointed that "the Kurdistan region is used all his constitutional rights in the oil file, he does not agree to waive his constitutional rights and the placement of the oil region of the federal government's control," ( * NO SOMO )pointing at the same time that "the Baghdad importance for the Kurdistan region not only a matter of oil, but also for all economic, commercial, military and security issues and all other areas.



    Baghdad continues to hold back Kurdish budget, situation intolerable Barzani warns
    By RUDAW

    ERBIL, Kurdistan Region—In a meeting with members of the press on Monday Kurdistan Region Prime Minister Nechirvan Barzani said that Erbil would do its best to resolve its budget dispute with Baghdad but that patience is also running out.

    “We want to be in agreement with Baghdad and we want the people of Kurdistan, the US and other countries to know that we have done our best with Baghdad,” said PM Barzani. “But it also must be clear that we can no longer tolerate this situation.”

    Barzani who recently met with his Iraqi counterpart Haider al-Abadi in Baghdad over the Kurdish share of Iraq’s budget, said: “Unfortunately Baghdad is acting like an oil company towards a part of the country not like a state,”

    Barzani said that Abadi had told him in Baghdad that his hands were tied by the Shiite alliance.

    A meeting between a Kurdish delegation led by PM Barzani with Abadi and other Iraqi ministers earlier this month ended in impasse.

    “Baghdad is telling us that we have exported more oil than it is in the agreement and that is true,” said Barzani. “But we had told Abadi in our first meeting that we had received cash advances for our people’s salaries from companies in return for oil.”

    Erbil and Baghdad signed an agreement last year whereby Erbil would contribute to the federal budget by selling 550,000 barrels of oil for Baghdad daily.

    “We had told Baghdad back then that even if we export one billion barrels a day we could only give them 550,000 barrels because we owed the companies money, “ that need to be paid back.

    Baghdad cut off Kurdistan Region’s share of the federal budget January last year and this has placed severe strain on the Kurdish government that is at war with the Islamic State (ISIS) and received 1.4 million refuges from the rest of Iraq.

    The Kurdish prime minister said that on his visit to Turkey last week he borrowed $500 million to help pay government salaries.

    Barzani said that the Kurds are willing to run another round of negotiations with Baghdad to resolve the disputes and that he has tasked Roj Nuri Shaways—Abadi’s deputy—and Kurdish MPs in Baghdad to talk with Abadi and members of the Shiite alliance.



    Change: the oil agreement between Arbil and Baghdad will not collapse

    8:01: 02/24/2015

    Khandan - mass change parliamentary ruled out the collapse of the oil agreement between the federal government and the Kurdistan region, as shown that there is some sort of bug or misunderstanding between the two sides can be resolved through mutual visits and shared understandings, confirmed that the talk of a return to "square one" not true . , said the bloc Prime Hoshyar Abdullah told the "morning": that the provincial government

    confirmed in more than one meeting with Kurdish blocs represented in the House of Representatives, on the need to strengthen the relationship with the center and a concerted effort to get out of financial and security crisis in Iraq. He said there is some kind of bad understanding and imbalance in the case of export of oil through the Turkish "Jihan" line, adding that it can replace the visits and shared understandings between the two sides.

    He warned Abdullah that the region is moving with the center towards the reset problems, especially on the economic and security level, suggesting that the defense minister Khaled Obeidi and through hosted in the security committee parliamentary praised the high and very good coordination between the Iraqi army and the Peshmerga forces Kurdish in addressing gangs "Daash" terrorist in Mosul and Kirkuk. He ruled out the head of the change that there will be an interview or warnings of the collapse of the oil agreement between the parties,

    Mstrsla saying: "It On the contrary, there is talk of expanding and deepening the agreement between the federal governments and the Kurdistan region. "


    NOTE : Head of the parliamentary bloc of change ( Gorran ) Hoshyar Abdullah, from the Kurdish city of Sulaymania. - chattels
    Last edited by chattels; 02-24-2015 at 11:02 AM.

  9. #9

    Re: " The Dinar Daily ", Monday, 23 February 2015

    MP: The Governor Of Kirkuk And Amiri Agreed On A Plan To Restore Security And Stability In Liberated Areas
    21/02/2015 13:00

    BAGHDAD / NINA / Kirkuk governor and the secretary general of the Badr Organization agreed on a plan to restore security deployment and secure the stability of all the liberated areas from Daash gangs in Kirkuk.

    The MP for the Patriotic Union of Kurdistan Leila al-Barazanchi told the National Iraqi News Agency / NINA/ that the Governor, Najimalddin Kareem and Secretary-General of the Badr Organization, Hadi al-Amiri agreed to a plan to achieve security and stability in all the liberated areas and villages in Kirkuk after the expulsion of the elements of Daash," pointing out that "the plan based on the re-deployment of the security forces of the army and police in all the villages and districts, including Riyadh and Hawija and other liberated areas to secure the return of displaced families and ensure access of services and return to normal life there.

    She confirmed that all the components of Kirkuk and the leaders and the heads of blocs will contribute to apply and success the agreement and implement security and humanitarian plan for the protection of the people in these villages, districts and regions.

    The governor of Kirkuk recently discussed with the secretary general of the Badr Organization and the supervisor of the Diyala operations, Hadi al-Amiri security file and the conditions of displaced people in the liberated areas from the control of Daash.



  10. #10

    Re: " The Dinar Daily ", Monday, 23 February 2015

    Military Operation Launched To Free Juba Area Near Baghdad, In Anbar
    22/02/2015 12:04

    Ramadi / NINA / A military operation was launched on Sunday morning 22, Feb to clear Juba area and the surrounding areas, near al-Baghdadi, from the control of Daash organization.

    Faleh al-Issawi, Deputy Chairman of the Board of Anbar province told NINA Iraqi News: "The process includes Juba, the palace and other areas close to them, adding that military helicopters and vehicles participated in this operation."

    He added: "The next phase will include the Liberation of the areas controlled by the organization, between Haditha and Rawa."

    A source in the leadership of the island and the desert operations announced yesterday that Baghdadi district was fully freed from Daash control, and the security forces began dismantling IEDs and booby-trapped houses, after it announced the imposition of curfew in the city.
    The military helicopters dropped leaflets calling for the population to stay at homes and not going out only when necessary, and not to approach the Daash sites.



    Jobouri, Anbar tribes delegation discuss situation in Anbar

    Monday, 23 February 2015 12:15

    Baghdad (AIN) –The Speaker, Saleem al-Jobouri, received a tribal delegation from Anbar on Monday.

    Parliamentary source stated to AIN "Both sides discussed the situation in the province as well as the recent events in al-Baghdadi district and the issues of arming the tribes."

    Last edited by chattels; 02-23-2015 at 08:52 AM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts