The Dinar Daily, Tuesday March 3, 2015
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  1. #1

    The Dinar Daily, Tuesday March 3, 2015





    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

    Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

    Estimate the shadow price of foreign currency:

    1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

    The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

    * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:


    • Export-outputs.
    • Outputs marketed locally that substitute imports.
    • Imported inputs.
    • Inputs produced locally that usually go to exports.
    • Foreign labor.


    According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

    In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

    In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

    2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

    The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:


    • The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
    • The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
    • The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
    • The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
    • This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.


    And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

    3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.



    The Republic of Iraq – Ministry of Planning

    and

    A "flashback recap" of a Live Q and A Call from about a year ago - on THE DAILY DINAR NEWS BLOG...

    In general terms – there were three main focal points of interest I wanted to cover and then allow listeners to ask whatever questions they liked.

    1) the SIGR report…


    2) the Gold Article…


    3) the IIER report…


    I started the conversation out last night by highlighting how crazy this campaign being fielded to contact our lawmakers and bank CEO’s and tell them how unfair it is they are getting to exchange (exchange is the right terminology BTW – NOT “CASH-IN”) at 32.00 per Dinar and we are not – is. It is nuts.


    Firstly, “they” are NOT being allowed to exchange “early” – or at 32.00 per Dinar. It makes you sound “stark raving MAD” to be caught saying such things. You would be better off barking at the moon. It is demeaning to the validity of a true currency play.


    Secondly, this is entirely the wrong way to approach them. I pointed out on the call that Poppy and I fielded a very successful such campaign a couple of years ago. However, we sat down and came up with a much different approach. It was designed to get answers and to approach our lawmakers with respect and as their constituents. Not like a bunch of lunatics. We had extraordinary participation (because it made sense) and we received a good response from lawmakers. It started the conversation in a reasonable manner.


    I asked one caller – “when was the last time you asked a banker for money and told him how unfair it was if he didn’t give it to you”??? Obviously – we chuckled…


    Another caller asked me if (as DC had relayed) – the “zero’s were raised” and the lower denominations were in circulation??


    I said plainly “no”…lower denominations being in circulation would (at the very least) imply there had been a value change. If there were no value change the lower denoms would not only be of little value, they would be such a hinderance – people might even throw them away just to get rid of them. So no – no lower denoms. I told the caller to check the
    CBI.iq website for “real” info on rate change.

    The “zero’s being raised” or “deleted” – as explained by any reasonable researcher, economist or authority – is simply the process removing the large (3 zero notes) from circulation.


    Referring to an Enorrste post from today on
    THE DINAR OBSERVER DAILY(you may want to put this on your favorites and check in several times a day – we to it often )

    “…I have never found a single article from the CBI or the IMF that equates “delete the zeros” to the idea of “move the decimal point.” Instead, the statements overwhelmingly come out to mean “remove the large notes from circulation.”


    Also – this recent internal memo put out by Wells Fargo is likely “push back” from this recent campaign. I pointed out that Pinnacle Bank published an article by an “affiliate” in their internal publication and then “highlighted it” in a similar internal memo a couple of years ago. It is just a defense mechanism. I’m sure Wells is tired of having their name dragged through the “internet rumor mill”. This is highly likely the reason for their vigorous denials about handling it in the future. They get so many useless calls – it isn’t worth the headache. Can you blame them??


    Further, for any bank, lawmaker, adviser or official to state the “Dinar is a scam” is nearly as foolish as some of the internet “Gurus”. It is the official currency of a COUNTRY. I pointed out (below) the post from yesterday’s
    DINAR OBSERVER DAILY
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________

    THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

    We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.





    BGG ~
    This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
    __________________________________________________ ______________

    I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

    1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

    2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

    3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

    I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

    4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

    __________________________________________________ ______________

    AND

    Coins put on the market !!



    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara "The project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find metal coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century

    waradana.com

    And

    CBI is preparing to issue a monetary metal parts

    Metal coins from the category of 25 fils were in circulation until the nineties of the last century

    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

    http://www.iraqhurr.org/content/article/26666313.html

    and

    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

    The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

    …Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.

    The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.

    ARTICLE LINK

    Crush Expected When Kuwaiti Banks Reopen Today

    March 24, 1991|From Reuters



    KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation.

    Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

    "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

    Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

    When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

    Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion.

    Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

    The new Kuwaiti money will be exchanged for old at a one-to-one rate.

    http://articles.latimes.com/1991-03-..._kuwaiti-banks


    BGG ~ Thanks to wmawhite for some facts on the subject.

    Hi BGG,

    Just thought I would drop you an email. I listened to the call, and was interested in what was said about Kuwait, if I may - I will add my 2 cents worth.

    You were spot on with what you said, I have a close friend who's father made a killing on the KWD. He bought from people who had fled the country and he paid pennies on the dollar (we are in Australia). He took the chance that Iraq would be kicked back out and he was right.

    When the money was reinstated, he exchanged it for AUD at a rate in the mid 3s. The interesting thing about it is, Iraq invaded in November 1990 (I think), they were kicked back out at the end of Feb 1991, the banks reopened with a brand new KWD in late March, that's not a bad time frame to get a currency designed, printed and made ready to use, also the time that the old KWD was valid was initially only for 2 months, then extended to 6, so it was valid until Sept 1991, interesting I think.

    Also the other thing that seems to be a "fact" in Dinar land is Bill Clinton used the Kuwait RV to pay off the debt. However, Clinton was not President in 91, he did not take office until 93, even I know that and I am an Aussie.

    Anyway thanks for the site and enjoy listening to your calls.

    Kind Regards,
    Kevin



  2. #2

    Re: The Dinar Daily, Tuesday March 3, 2015

    US dollar USD 1166.000 1164.000
    Euro EUR 1309.068 1308.414
    British pound GBP 1796.106 1795.208
    Canadian dollar CAD ----- -----
    Swiss franc CHF ----- -----
    Swedish krona SEK ----- -----
    Norwegian krone NOK ----- -----
    Danish krone DKK ----- -----
    Japanese yen JPY 9.728 9.723
    Special
    Drawing Rights
    SDR 1640.340 1639.520
    Indicative rates - 03.03.2015

  3. #3

    Re: The Dinar Daily, Tuesday March 3, 2015


    CBI ANNOUNCEMENT MARCH 3, 2015



    To / all banks ( reducing fine )
    03/03/2015


    Central Bank lowers fees imposed imposed on banks by half


    History of edits:: 2015/3/3 13:12 14 visits readable

    {Baghdad: Euphrates News} central bank announced Tuesday, reduction of the fines imposed on banks by half the proportion of {200%} to {100%}.
    According to a statement of the bank and agency {Euphrates News} received a copy of it "later Bamamna No. number 12/684 in 12/02/2013, which included the imposition of fines on banks, according to the specified percentages and that's where the imposition of fines was to evaluate the performance of employees in banks and reassure the public the number of completion Securities received by the banking system and to the approval of the Governor decided to reduce the fine imposed on the irregularities {shortage, and various foreign securities} discovered in Eyadaatkm ratio of {200%} to {100%} ".
    "The decision to suspend the fine to ensure counterfeit papers discovered by {500}% make up the shortfall with effect from 03.01.2015" .anthy

    http://translate.googleusercontent.c...mcdF7tw5I70A3A


    Last edited by sczin11; 03-03-2015 at 10:38 AM.

  4. #4

    Re: The Dinar Daily, Tuesday March 3, 2015



    Keywords: delete the zeros existing project and we have given the

    green light for its implementation




    Tuesday 3 March 2015 12:47











    Alsumaria News / Baghdad
    Governor of the Central Bank announced on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.

    ​sczin11- SO IS IT STARTING, IMPLEMENTING, OR ARE WE WAITING FOR LAWS?
    z

    Keywords and said in a press conference held at the bank building and attended by Alsumaria News, that "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."



    He added that the relationship "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it."

    The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be

    transferred to the trillions of billions,

    indicating that the process of

    replacing the currency needs to be approved by parliament.

    He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.

    It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy.



    http://translate.googleusercontent.c...cbmvMdJeMx-yWA



    AND




    Iraqi currency

    Central Bank gives the green light to implement "the deletion of zeros," asserts: We need two years to complete


    Author: ASJ, BS
    Editor: AB, BS
    03/03/2015 13:39
    Number of Views: 74



    Long-Presse / Baghdad
    Detection Governor of the Central Bank of Iraq on the Keywords, on Tuesday, giving a green light to direct the implementation of file deletion of zeros from the currency, and as he emphasized that the completion of administrative matters of this file will take two years, pointed out that the bank began creating new currency models.
    Alak said during a press conference held by the bank building Jadiriyah district in central Baghdad, and attended (range Press), that "the deletion of zeros from the Iraqi currency file is put into practice," asserting that "the Bank gave the green light to implement this."
    The Keywords, that "the completion of administrative matters on this file will take two years," noting that "the bank began creating new currency models."
    The Central Bank of Iraq (November 28, 2014), announced the adjournment of the subject of the deletion of zeros from the currency at the present time.

    http://translate.googleusercontent.c...ajNG_ewlvUQIUQ






    Last edited by sczin11; 03-03-2015 at 10:53 AM.

  5. #5

    Re: The Dinar Daily, Tuesday March 3, 2015


    sczin11- WHY ALL THESE REPEAT ARTICLES, COMING OUT TODAY...SEEMS TO BE SAME INFO WE HAVE BEEN SEEING FOR A COUPLE OF WEEKS NOW..



    Central Bank building one independent bodies in accordance with the Iraqi constitution .. Photographed by Mahmoud Raouf

    Central Bank denies he stopped selling the dollar confirms: virtual height will not be long


    Author: ASJ
    Editor: AB, BS
    03/03/2015 12:37
    Number of Views: 13




    Long-Presse / Baghdad
    Denied the Governor of the Central Bank of Iraq on the Keywords, on Tuesday, the rumors about the bank stopped selling the dollar, said new measures for buying and selling the currency to prevent money laundering and maintain on the market, as pointed out that the current rise of the dollar virtual height will not be long, pointed out that bank is considering various laws to support the banking process in Iraq.
    To be continued ...


    http://translate.googleusercontent.c...axxGDzctoj7OPQ



    AND



    Governor of the Bank: Auction currency is no longer a daily window and put new mechanisms have



    Tuesday 3 March 2015 11:26







    Alsumaria News / Baghdad
    The Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency, which "is no longer a daily window," he said, adding that a lot of hard currency being smuggled out of the country as well as for use in the operations of corruption.

    To be continued ..




    http://translate.googleusercontent.c...LvzRn3x6XRKf5w


    AND


    Governor of the Bank: Ahtiatatna of hard currency and very good cover of the Iraqi dinar to 150%



    Tuesday 3 March 2015 11:40
    -
    +









    Alsumaria News / Baghdad
    Showed the central bank governor on the Keywords, on Tuesday, was surprised at the statements of some officials about the low reserves of hard currency, stressing that Iraq does not suffer from any decline and has good revenue and there are no concerns, as pointed out that the Iraqi dinar is covered at 150% of the hard currency .

    To be continued ..



    http://translate.googleusercontent.c...aiy3RqstWyxjAg














  6. #6

    Re: The Dinar Daily, Tuesday March 3, 2015

    Special / Accountability Act arrived in Parliament after the deletion of the words "ban-Baathification" of its clauses



    BAGHDAD - Iraq-Presse March 3 / March: revealed the reconciliation committee in the House of Representatives, on Tuesday, the arrival of the law of accountability and justice from the government.
    The head of the reconciliation committee in Parliament, Hisham al-Suhail, L / Iraq Press / "The Accountability Act and the new Justice arrived at the House of Representatives coming from the executive bodies, but that there are surprises in many texts that have not agreed upon previously," he described.

    He added that "the bill was amended address, delete the words (Baath ban), which was added by with that one law materials talk sheepishly for the prevention of the spread of the Baath Party, and this is where the seriousness of the fact that the law in the event of repeal, according to the political agreement will go with him Baath ban contrary to the constitution As stipulated in the paper that the political agreement provided for the enactment of a law. "

    He stressed that "the new draft law gives the chiefs of the former regime and members of the branches and the people of pensions regardless of the time of their service and also to grant pensions to so-called Pfdaaa Saddam under the pretext of the existence of an exception for those who joined this profile volunteers or coercion." 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%3D3577059&usg=ALkJrhhQSb5BEpk6eTPZIQVpYlKdjF5S1Q


    Last edited by pinkadonai1; 03-03-2015 at 12:35 PM.

  7. #7

    Re: The Dinar Daily, Tuesday March 3, 2015

    sczin11- Hmmmm...what does this mean? They are challenging the Budget now? NOW?

    Urgent
    ..cil Minister authorizes a crisis cell to challenge the paragraphs beyond the powers of the Parliament within the budget of 2015



    {Baghdad: Euphrates News} cabinet decided during its meeting on Tuesday "to authorize cell crisis in the Council of Ministers to appeal in paragraphs beyond the powers of the House of Representatives in the 2015 federal budget," .itba ..


    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%3D3577423&usg=ALkJrhjbbpxyshW6XCAgbNtIVR89nhaNRw
    Last edited by pinkadonai1; 03-03-2015 at 12:37 PM.

  8. #8

    Re: The Dinar Daily, Tuesday March 3, 2015

    sczin11- HERE IS A VERY INTERESTING TRANSLATION/VERSION

    Conscious / Central Bank denies stop auction currency and confirms continuation new mechanism



    Conscious / Baghdad / UE Governor of the Central Bank denied the agency on the Keywords, news about the existence of preventing the process of selling the dollar and to stop work ERA currency, stressing that the Bank continues to sell the dollar did not stop but the new mechanism.

    Keywords and said in his transfer reporter permit (news agency, media / INA) during a press conference held by the central bank today, said that "hard currency escaped much supportive of terrorism and corruption countries, stressing that the central bank has taken new measures is no longer a daily window and ATM of hard currency." .

    He added, "The Bank of promising new procedures and mechanisms for the auction currency different from the previous daily currency auction, indicating, that the auction currency will not stop, but the work done according to the new measures."

    The Keywords during the conference that some officials in the economy had a total far from the banking sector's comments and warned of new central bank measures and confirmed the low foreign currency reserves at the bank, stressing that Iraq does not suffer from any decline and has good revenue and there are no worries. "

    He said, that he became able Traders wanting to put a bank deposit in one of the foreign banks in agreement with the internal banks through remittances window, and also for the transport process can citizen access to the dollar through two routes either traveling or treatment, stressing that the central bank does not stand not set limits on Dollar selling. "

    The central bank said he was open about the possibility of supporting the Iraqi economy, likely to control the sale of dollar traded through the application of new procedures process. "

    On the other hand between the Central Bank that supports private banks through convince the government to put their deposits in government banks is currently studying some of the laws that can support the Iraqi economy. "

    sczin11- like they dont know what laws need to be passed?


    He stressed relationship, that "the central bank has a reserve and a half times the mass of cash inside the bank and the possibility of this reserve to control the currency and there is no any concerns of the process of selling the dollar against the dinar."

    The Governor of the Central Bank in the face of last week to stop work ERA currency and take a new mechanism for currency exchange and deal with private banks. "

    That has raised the ire of the decision where economists stressed that these measures would raise the exchange rate of the US dollar against the Iraqi dinar. "


    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%3D3577430&usg=ALkJrhg-ET2vI0sZeM27qtmJtg_uEp4RaA
    Last edited by pinkadonai1; 03-03-2015 at 12:39 PM.

  9. #9

    Re: The Dinar Daily, Tuesday March 3, 2015

    SCZIN11- WHAT DOES THIS MEAN? COMPLETED IN PRINCIPLE...SO NOT READY TO FULLY ACTIVATE/DISTRIBUTE/IMPLEMENT?

    Parliamentary Services: National Standard Card project is completed in principle




    [Baghdad-where] Parliamentary Services Committee announced Tuesday for a unified national card project is complete.

    Committee Chairman Nazim al-Saadi told all of Iraq [where] that "unified national card project was completed in principle, but some provinces need to departments and agencies to work in this project."

    "The initiation of this issue will be very soon."

    It is said that the government has contracted, in October 2013, with a German company to issue a unified smart card, in a move she said was abbreviated routine happening in the state institutions and the removal of the manipulation of important documents and strengthen the security of the electoral process and to ensure the functioning properly.

    And includes a unified national card cancellation of four cards are supported at the present time, a certificate of nationality and identity of the Civil Status and the ration card and the card housing to be in one card through data archiving and transfer restrictions to electronic system containing ten numbers represent a range of variables such as the province and the judiciary and the birth and is Zlk.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%3D3577449&usg=ALkJrhh4XsfNM8nqZY9-GliNyF6OWTqZnQ
    Last edited by pinkadonai1; 03-03-2015 at 12:41 PM.

  10. #10

    Re: The Dinar Daily, Tuesday March 3, 2015

    Infallible and emphasizes the importance of a constitutional application of Article 140





    Alsumaria News / Kirkuk Announced the Kirkuk Provincial Council Member improve Kahiah, on Tuesday, that the preservation of the components of demanding the president Fuad Masum, the formation of forces them to maintain the security of Kirkuk and support the preservation of civil airport project, as infallible stressed the importance of the constitutionality of the application of Article 140.

    He Kahiah in an interview with Alsumaria News that the "infallible members of Turkmen and Kurdish and Arab Group met in the provincial council," noting that "the ingredients called for President Fuad Masum, the formation of joint forces from the province components to maintain the security of the province and build oil refinery in the province and support Kirkuk airport project civil. "

    He added that the "infallible stressed the importance of the former regime Cancel decisions on disputed ownership and implementation of Cabinet decisions to restore the occupied territories to their owners."

    He continued that "the President also stressed the importance of the application of Article 140 unconstitutional because it created a road map to resolve the problems of the disputed areas."

    Article 140 of the Constitution on the normalization of the situation in Kirkuk and other disputed areas in other provinces such as Nineveh and Diyala, and set time period ended on 31 December 2007, for the implementation of all provisions in the article of the action, as given to the children of those areas, freedom of self-determination of both survival independent administrative unit or attached to the Kurdistan Region by organizing a referendum.


    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%3D3577492&usg=ALkJrhhKW1T9TlS8Sqv3sZ2urTD2qQVL1w

    Last edited by pinkadonai1; 03-03-2015 at 12:46 PM.

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