The Dinar Daily, Tuesday March 17, 2015
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  1. #1

    The Dinar Daily, Tuesday March 17, 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 17, 2015

    CENTRAL BANK OF IRAQ

    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000


    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000
    Euro EUR 1230.946 1230.331
    British pound GBP 1724.048 1723.186
    Canadian dollar CAD 913.435 912.978
    Swiss franc CHF 1160.314 1159.734
    Swedish krona SEK 134.077 134.010
    Norwegian krone NOK 141.716 141.646
    Danish krone DKK 164.876 164.793
    Japanese yen JPY 9.605 9.600
    Special
    Drawing Rights
    SDR 1596.487 1595.689

    Indicative rates - 17.03.2015


    http://www.cbi.iq/
    Last edited by sczin11; 03-17-2015 at 10:52 AM.

  3. #3

    Re: The Dinar Daily, Tuesday March 17, 2015

    "Daash" hamper Iraq's accession to the World Trade Organization



    Developed the continuous attacks of the organization of the Islamic state 'Daash', which controls vast areas west and north of Iraq, the Baghdad government in a quandary about to join the World Trade Organization, after nearly seven years of continuous steps to achieve this accession. Iraq is seeking permanent membership in the WTO, rather than an observer member, as is the case at present.

    Iraq was made in February 2011 was asked to join as an observer in the World Trade Organization, and received approval in the same year, and then began to prepare a memorandum of foreign trade policy, which is the main document of accession to the organization.

    Iraqi officials say that their country began to pursue the requirements to join the World Trade Organization, through the activation of a number of new laws and take some action on the trade and economic system in the country.

    But Najiba Najib, a member of the Committee on the economy and investment in the Iraqi parliament, she told Anatolia, said that the measures to be implemented to become Iraq, a member of the organization needs more time, especially in light of the tense situation on the security front, which has plagued Iraq after the control of the organization Daash spaces The wide range of the country since the summer of 2014.

    She explained that the 'meet the conditions of accession to the WTO requires the presence of an industrial environment and stable business in the country, while now there are put confused and full disabled for Industry and Commerce, making it difficult economic reality in many of the Iraqi provinces, because of the war against Daash'.

    She added that the conditions of accession to the World Trade Organization imposed on Iraq to be its economy diversified and is not supported on oil, and to achieve this requirement needs to be more time, because the industry and agriculture Iraqi suffer neglect, and can not be formed in the near future an important resource for the country's economy on oil modeled.

    The WTO was founded in 1995 and based in Geneva, Switzerland-based and includes 160 countries in June 2014, aims to manage global trade agreements, and monitoring of national trade policies.

    The organization set several conditions for joining aimed at determining tariffs and a commitment not to raise them, as well as the removal of barriers and obstacles related to the import and export of goods, and a commitment to Bagyatea.

    He said the appearance of Mohammed Saleh, the Iraqi prime minister for economic affairs adviser, said that Iraq has begun to achieve a number of actions leading up to join the World Trade Organization, including reforms in the tax system, and after that was applied tariff law.

    Saleh added that there is a tendency for the implementation of other important steps to activate a number of economic laws that make Iraq a multi-country financial resources, and is not dependent on oil as a major source of revenue.

    He pointed out that Iraq had made considerable progress during the past seven years in negotiations with the World Trade Organization, in preparation for accession, pointing out that the government and parliament who are currently issuing legal, economic legislation supported by the implementation of the terms of accession to the World Trade Organization.

    Iraq relies on oil imports to finance 95% of the budget, the country produces about 2.5 million barrels per day, with expectations to increase production to four million barrels per day.

    Iraq is facing a financial crisis, and up the budget deficit during the current year to $ 21 billion, as a result of the fall in global oil prices by more than 50% since June, as well as the high costs of the war against al-Islamic state.

    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%3D3625462&usg=ALkJrhjNb2lla6hbvNOe9Z3NMQ61lXok4Q
    Last edited by pinkadonai1; 03-17-2015 at 11:42 AM.

  4. #4

    Re: The Dinar Daily, Tuesday March 17, 2015

    Some Laws Need National Consensus



    BAGHDAD / NINA / MP, of the Parliamentary Legal Committee, Muhsin al-Sadoun said that "accountability and justice, the National Guard and the Federal Court laws need a national consensus before being presented in the House of Representatives for a vote."

    He told the National Iraqi News Agency / NINA / "The Parliamentary Legal Committee is currently discussing some of the existing laws in the political document within the government program, which are the Justice and Accountability, the National Guard and the Federal Court, but their reading in the parliament and vote in the House of Representatives may take some time ".

    He explained, "The Presidency of the Council of Representatives is to decide when the laws are included on the agenda of the Council, pointing out that" the law of parties is an important laws and it is under discussion with another laws between the political blocs ".

    http://ninanews.com/Website/News_Details.aspx?MU3vViHRNOGbaeeCBvXBPg%253d%253d

    and

    Shara: the political consensus behind the patient passage of oil and gas law

    17/03/2015 12:00 |

    http://l-news.net/thumbnail.php?file..._558532424.jpg

    BAGHDAD / Source News / .. A member of a coalition of citizen Furat al-Shara, on Tuesday, the issue of political consensus led to the patient passage of oil and gas law.

    Shara said in a statement to the Agency / Source News /, the oil and gas law is linked to wealth preservation hydrocarbon law and needs to be political consensus between the blocks and the government center and the region, noting that this law is a primary key to get out of the current crisis.

    He called al-Shara: the need to approve oil and gas law properly and by mutual consent and agreement between the Governments of Antrswalakulaim, pointing out that the approval will contribute to the exit from the substantive and technical problems and Aqsadah and political as well. Finished / b

    http://l-news.net/index.php/economy/74194.html

    COMMENT : Note here the inclusion of the political blocs in the equation as to a broad and permanent HCL. It is not just the Kurdistan Regional Government and GOI / Baghdad ( government center ). - chattels
    Last edited by chattels; 03-17-2015 at 11:36 PM.

  5. #5

    Re: The Dinar Daily, Tuesday March 17, 2015

    Vice President Meets US Delegation


    BAGHDAD / NINA / Vice President Nouri al-Maliki stressed the necessity of activating the strategic framework agreement between Iraq and the United States, and increasing US support for Iraq in all fields, especially the cooperation and coordination in the fight against terrorism.

    His office said in a statement that "al-Maliki discussed with Brett Mkourk and the US ambassador to Iraq, Stuart Jones developments in the political and security situation and military developments assistant in the war against Daash, especially the victories achieved by the security forces and members of the popular defense forces in Salahuddin province.

    For his part, US Deputy Assistant Secretary of State expressed his country's government to continue to provide support for Iraq, stressing the need to eliminate the terrorist outposts in the areas of operations and to ensure they not return again.

    http://ninanews.com/Website/News_Details.aspx?MJsV5np8t9fnGTBIMe%252bReg%253d% 253d
    Last edited by pinkadonai1; 03-17-2015 at 02:19 PM.

  6. #6

    Re: The Dinar Daily, Tuesday March 17, 2015

    President Meets US Delegation



    BAGHDAD / NINA / President Fuad Masum stressed the need to strengthen the framework of constructive cooperation and friendly relations between Iraq and the United States at all levels and ensure the supreme interests of the two peoples.

    A presidency statement said Masum met on Sunday morning US Vice Assistant of State Department , Brett Makourk and US ambassador in Baghdad, Stuart Jones and his accompanying delegation and reviewed with them the relations between the two countries and the latest developments in the political and security situation in Iraq, particularly the military operations against Daash in many areas.

    The two sides exchanged views and opinions on the draft of the national reconciliation and the serious attempts to overcome the problems that stand in the way to accomplish it by creating climates appropriate to initiate proceedings practical and realistic to ensure its success.

    For his part, Makourk renewed his country's commitment to support Iraq in its war against terrorism, expressed his delight by political harmony between officials in the higher institutions, which he considered a positive indication of the start of a new phase in the history of the Iraqis.

    http://ninanews.com/Website/News_Details.aspx?u69efwkQLGHprkZVpyvnGg%253d%253d
    Last edited by pinkadonai1; 03-17-2015 at 02:20 PM.

  7. #7

    Re: The Dinar Daily, Tuesday March 17, 2015

    KRG delegation to visit Baghdad soon, says MP Najib



    Baghdad (AIN) –MP Najiba Najib of the Kurdistani Democratic Party KDP assured on Tuesday that a delegation from the Kurdistan Regional Government will visit Baghdad soon to discuss the oil agreement.

    MP Najib stated to AIN "We heard about an expected visit for a delegation from the KRG to Baghdad, but I am not sure whether this delegation will be political or technical to discuss the oil agreement concluded between the KRG and the Central Government."

    She added "This visit came after the meeting of the leaders of the Kurdish blocs with the Federal Prime Minister Haider al-Abadi who confirmed to them that the CG is adherent to the oil agreement."

    Najib clarified "Implementing the oil agreement requires more understanding over the details."

    http://www.alliraqnews.com/en/index.php/political-news/65766-krg-delegation-to-visit-baghdad-soon-says-mp-najib-.html
    Last edited by pinkadonai1; 03-17-2015 at 02:23 PM.

  8. #8

    Re: The Dinar Daily, Tuesday March 17, 2015

    Urgent: PM prepares for Economic Reformations


    Baghdad (AIN)-A source from the Prime Minister Office revealed that the PM Haider Al-Abadi is preparing for economic reformation and simultaneously supervising the Command of Security Operations directly to liberate all the towns of Iraq which are invaded by the terrorists of the ISIL.

    The source told AIN that AL-Abadi is now stepping some steps, the first one is to liberate the invaded towns by the ISIL, then rebuild them and getting the families back their home, the second one is putting a strategic economic plans to improve the difficult life of the people through activating the private sector, the governmental companies, the agricultural field, benefiting from the livestock resource and other investment projects, the last one is the reformation in the governmental institutions and buildings through facing the corruption and introducing the best service to the citizens."


    The source added that "There are many challenges that face the country, security and financial which can be seen in the decrease of the income but Abadi insists that the country will cross this difficulty through putting many strategies to all sectors whether financial or military because he is the leader of the armed forces."

    "Abadi works day and night to put the country on the right line because of the previous heavy accumulations and also tries to get rid of them hoping positive affairs for the people in the following days," the source continued.

    "Abadi continuously meets with the cabinet encouraging them to introduce reformations the he wants and closely monitors the work of the ministries and the institutions," the source confirmed.

    "It is an invitation to cooperate with Al-Abadi to settle the political, security and finical difficulties to move to the rebuilding and citizens prosperity," the source concluded.

    http://www.alliraqnews.com/en/index.php/political-news/65773-urgent-pm-prepares-for-economic-reformations.html
    Last edited by pinkadonai1; 03-17-2015 at 02:24 PM.

  9. #9

    Re: The Dinar Daily, Tuesday March 17, 2015

    Peshmerga demands ISIS trade for caged comrades



    ERBIL, Kurdistan Region - Kurdish forces want to exchange Islamic State captives for a group of captured Peshmerga who were seen paraded through an ISIS-held village in metal cages, an official told Rudaw on Tuesday.

    A propaganda video released last month by ISIS, showing at least 18 caged Peshmerga on public display in Hawija, sparked outrage from the families of the victims and the Kurdish street. More than 70 friends and relatives of the hostages staged a protest in Kirkuk, calling on the Kurdistan Regional Government to take immediate action.

    There is as yet no confirmation of the fate of the hostages, although the last scene of the video shows them alive.

    “We have urged the Islamic militants to send a list of names of ISIS prisoners they want to be released in an exchange for the captive Peshmerga who have been kept in cages,” Aso Mamand, Peshmerga official in Kirkuk, told Rudaw.

    Mamand confirmed that Kurdish officials are actively working for a prisoner exchange with the help “several Sunni tribal figures.” According to Mamand, the ISIS leadership has yet to respond.

    Peshmerga forces backed by coalition airstrikes have been battling ISIS as the group tries to establish an Islamic state across parts of Iraq and Syria.

    http://rudaw.net/english/kurdistan/170320151
    Last edited by pinkadonai1; 03-17-2015 at 02:25 PM.

  10. #10

    Re: The Dinar Daily, Tuesday March 17, 2015


    Re-Post from yesterday
    -------


    sczin11- OPINION PIECE, AGAIN!

    -------------------

    AS MOST KNOW, THE NEWS REPORTED IN INK, NOT ONLY IS CONFLICTING AND CONTRADICTING AT TIMES, IS ALMOST ALWAYS REPORTING WHAT HAS HAPPENED, PAST TENSE...

    ANYTHING INVOLVING NATIONAL SECURITY, POLITICAL MOVEMENTS, INTER AND INTRA COUNTRY DEALS, AGREEMENTS, AND CONTRACTS, FOR MANY REASONS, WOULD NOT BE DISCUSSED IN THE MEDIA, UNTIL FINALIZATIONS WERE IN PLACE...

    THE CBI IS IN CONTROL OF MAINTAING THE STABILITY OF THE IRAQI CURRENCY...IT IS THEIR JOB, THROUGH PEACEFUL TIMES, AND TIMES OF WAR, TO ASSURE THE PEOPLE OF THEIR COUNTRY, THAT THEIR MONEY IS SAFE...IT IS THE JOB OF THE CBI, TO MAKE ADJUSTMENTS WHERE AND WHEN NECESSARY, TO PROVIDE THE STABILITY NECESSARY, FOR WORLD TRADE TO FLOW SMOOTHLY...THIS PROCESS, CONTINUES 365 DAYS A YEAR...THE WORLD DOESNT STOP WORKING, BECAUSE A BOMBER SET OFF A BOMB...THE TRADES DONT STOP TAKING PLACE, BECAUSE ONE COUNTRY IS CELEBRATING A HOLIDAY....

    WHEN NEW LAWS ARE PROPOSED, IN ANY MUNICIPALITY, OTHER DEPARTMENTS WITHIN THAT MUNICIPALITY, DO NOT STOP WORKING, BECAUSE LAWS ARE BEING PROPOSED, AMENDED, OR VOTED ON...

    WE KNOW IRAQ HAS MANY LAWS BEING WORKED ON, AND WE KNOW MANY HAVE BEEN SITTING ON DESKS FOR YEARS....BUT, FOR SOME TO FOCUS ON ANY ONE LAW OR ANOTHER, AS NEEDED, NECESSARY, FOR THE COMPLETION OF THE MONETARY REFORM, AND INITIATE THE RAISING OF THE VALUE OF THE IRAQI DINAR, TO ME IS BEING BLINDED BY THE NEED TO FIND THE TRIGGER THAT WE ALL WAIT FOR...

    MY POINT, EVEN WITH THE INVESTMENT LAW, THE ONE WE ARE TOLD WILL HELP LURE FOREIGN DOLLARS INTO IRAQ, WILL HELP PROTECT THEIR MONEY, WILL PROVIDE LAND , ETC....WHAT DOES THAT HAVE TO DO WITH CHANGING THE VALUE OF THEIR CURRENCY, TO A TRUE VALUE REALITY RATE? OR THE DESIRE TO GET THE LOCALS INTO THE BANKS BY PASSING DEPOSITOR INSURANCE LAWS.....WHY DOES THAT PREVENT A CHANGE IN THE VALUE OF THEIR CURRENCY? THE ANSWER IS IN BOTH EXAMPLES, THEY DONT!!!

    THE MONETARY REFORM IS HAPPENING NOW...IT IS IN PROCESS...IT IS NOT DELAYED...IRAQ IS OPEN FOR BUSINESS...THE IMF IS DONE MAKING DEMANDS...ONLY SUGGESTIONS NOW...THEY ARE COMPLIANT WITH INTERNATIONAL STANDARDS AND PROTOCOL...THEY HAVE TRAINED THEIR BANKERS, AND ARE HAVING MORE CLASSES ALL THE TIME..THEY HAVE MARKED THEIR OLD CURRENCY, AND PRINTED THE MOST SECURE CURRENCY NOTES, TO DATE, IN THE WORLD...

    THEY HAVE DE-DOLLARIZED, THEY ARE NOT INTERESTED IN USING THE US DOLLAR, THEY WANT THE WTO, THEY WANT THE NEW IRAQI DINAR...

    SO IN SUMMARY, I WANT TO REMIND ALL, WE CAN CHOOSE TO PICK UP CHANGES, EVENTS, NEWS TO TRY AND FIGURE OUT, IF THAT IS THE TRIGGER, OR NOT...WE CAN OPINE THAT THIS IS NEEDED, AND THAT MUST BE DONE...BUT, NO ONE HAS A CHECKLIST...NO ONE KNOWS FOR CERTAINTY...

    JUST KNOW, YOU OWN THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, AND THAT IS A FACT WE DO KNOW....

    THE REST YOU SHOULD BE ABLE TO FIGURE OUT....

    PEACE AND PROSPERITY FOR US, FOR THE CITIZENS OF IRAQ, AND FOR THE ENTIRE WORLD!!!!

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