The Dinar Daily, Monday March 23,2015
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  1. #1

    The Dinar Daily, Monday March 23,2015





    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.

    https://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.

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


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

    Hi BGG,

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

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

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

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

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

    Kind Regards,
    Kevin



  2. #2

    Re: The Dinar Daily, Monday March 23,2015

    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 1256.482 1255.853
    British pound GBP 1722.882 1722.020
    Canadian dollar CAD 925.764 925.301
    Swiss franc CHF 1182.316 1181.725
    Swedish krona SEK 134.477 134.410
    Norwegian krone NOK 144.216 144.144
    Danish krone DKK 168.619 168.535
    Japanese yen JPY 9.659 9.654
    Special
    Drawing Rights
    SDR 1605.804 1605.001

    Indicative rates - 23.03.2015


    https://www.cbi.iq/

  3. #3

    Re: The Dinar Daily, Monday March 23,2015

    sczin11- No meeting until Saturday, yet THIS...

    Jubouri: National Guard law on parliamentary agenda



    The head of the House of Representatives Saleem al-Jubouri, on Monday, the National Guard, the law will be on the parliamentary agenda in the next few days, as suggested holding a conference with friendly countries to get Iraq out of its economic crisis.

    Jubouri said while chairing a coordination meeting monthly for provincial councils non-performing province in the city of Karbala, said that "the law of the National Guard will be on parliament's agenda in the next few days."

    Jubouri stressed "the need to rebuild the cities that were destroyed because of military operations", suggesting "a conference with friendly out of the difficult economic crisis countries."


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645710&usg=ALkJrhjClkttcaw_6hI-UUKOpfbAain-XQ
    Last edited by pinkadonai1; 03-23-2015 at 10:42 AM.

  4. #4

    Re: The Dinar Daily, Monday March 23,2015

    State of Law: We have 3 conditions to pass the National Guard Law


    Khandan -ali Naji Revealed a coalition of state law, all three conditions for a vote on the draft law of the National Guard, among that of those conditions the formation of the National Guard on the basis of population density of each governorate of Iraq.

    The MP said the coalition of state law Mohammed Saadoun Chihod told (Khandan), "We want to be synonymous with the National Guard of the Iraqi army, and do not want through the formation of multiple armies on sectarian lines in each province."

    Chihod He explained that "the State of Law 0.3 Conditions to pass a National Guard Act in the House of Representatives, the first: that of all the Iraqi people, but Aanhsr particular component," noting that the second condition is the "formation of the National Guard, according to the population density of each province."

    And between Chihod The third condition is that "the National Guard is associated with General Commander of the Armed Forces, and be the leader the authority to appoint the head of the National Guard and also the boss in each province."


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645485&usg=ALkJrhjY4jdec7J78iZtFZue3PJGLU9Kpw
    Last edited by pinkadonai1; 03-23-2015 at 10:44 AM.

  5. #5

    Re: The Dinar Daily, Monday March 23,2015

    sczin11- WELL, IS IT DONE, OR ARE WE JUST TALKING ABOUT IT AGAIN!


    Conscious / appearance Saleh calls for the establishment of economic institutions in accordance with the laws of the banks




    Conscious / Baghdad / UE Economic Adviser to the Prime Minister called on the appearance of Mohammed Saleh stakeholders economic aspect to the creation of economic institutions in accordance with the approved international banking laws.

    Saleh said in a statement carried reporter (news agency, media / INA), said that "it is necessary to work obsolete good to keep the financial system in Iraq, and the establishment of institutions according to banking laws to protect workers and depositors."

    He added, "The Iraqi economy needs to be a serious stand to promote it, and the advancement of the banking work in general."

    It is said that the Iraqi Central Bank announced, earlier in his

    initiation legislation Deposit Insurance Act, and coverage of bank accounts abroad to the US dollar,

    the line with the central bank tasks and responsibility in supporting the development and stimulate the Iraqi economy, the Bank took a number of decisions, including speeding up the legislation of the Deposit Insurance Law and approve the appointment of a representative of the private banks in the central bank's management.

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645247&usg=ALkJrhjF8PRP57S1xmQlxLMTfX85RzNhZQ
    Last edited by pinkadonai1; 03-23-2015 at 10:45 AM.

  6. #6

    Re: The Dinar Daily, Monday March 23,2015


    sczin11 opinion...
    ***************

    what to believe....and what not to believe!

    We read, we talk, we ponder, we dream....we hope to see progress...and every time we think we see motion in a positive direction, either it is debunked by something new, proven false, or seemingly un-confirmed!

    Case in point most recently...baghdad sends $420 million dollars to kurds...490 billion dinars...4-5 days later, $250 million dollars is stated...and implied, not even there yet...

    Case in point in last 36 hours.... Parliament postponed meeting from tuesday (tomorrow) until saturday march 28, at the request of kurds...to celebrate a holiday...yet parliament committees are to meet tues, wed, and thursday this week, and national guard law to house in coming days...and kurd delegation to meet in baghdad tomorrow, or today, or soon...

    I could go on and on, but you all know the story... For some strange reason, it appears one hand doesn't know what the other is saying or doing...or on purpose, they choose to placate their people, and attempt to misguide the rest of the world...

    What we do know is very telling, however... They have a new government, one that believes in the democratic process, one that wants to show the world, the real iraq... The new iraq... The wealthy, powerful, sovereign, caring country in the middle east...

    They have stated they want full accession to the world trade organization...we see progress there, with a recent update on their web site... They have stated they want the dinar to be their sole currency...they are implementing changes to the economy and the private sector...they have upgraded their banking system, checks and balances, anti money laundering controls, counterfeiting preventions, electronic techniques, high security featured notes, etc...

    Judicial intervention is rampant...seeking to take down all involved in corruption, now and from the past...

    Many foreign companies are coming into iraq, opening consulates and embassies, bringing business, and offering loans and credit terms...

    World agencies are supporting the country in many ways...world leaders are inviting government officials daily...there is something about iraq, that the world wants a piece of....

    Iraqi airlines, a commercial enterprise, continues to buy and receive more commercial airplanes...*** this is huge folks *** ... This means tourism...tourism means economic boost...economic boost means....money!!!!

    More trains coming to iraq, with routes from ports to main cities...transporting cargo and people, faster and easier...what cargo is coming that requires easier access? What people are coming in now, that requires all this additional transportation?

    Do you see the pieces of the puzzle here?

    International banks opening in iraq? Why? Do you have any idea of the cost, to set up a bank in a new, foreign location? The translators, or multi - lingual employees needed? The costs of operation before depositors are even ready to come in...the time required before the doors even open?

    And then we have the oil companies....wow!!! Shell signs an $11 billion usd contract, from a memorandum of understanding back in 2012...luke oil signs a 30 year deal last year...exxon mobil, and more...

    How about pizza hut? Even they came in last year...who in the world can justify selling pizza, in a country where unemployment is ridiculously high, no money for the average citizen to eat anything more than rice?

    Again, more pieces of this puzzle..... Do you see that?

    Here is what we do know...we own the currency of a country... Not just any country, a country that is being sought after, defended, and guided, by most of the international world....

    To me that is very telling, i hope it is to you as well!

  7. #7

    Re: The Dinar Daily, Monday March 23,2015

    Start furnishing the Saudi embassy building in Baghdad



    Foreign Minister Ibrahim al-Jaafari, on Monday, it is currently being Saudi embassy building in Baghdad furnishing a prelude to embrace, noting that there is an ongoing assurances from the Saudi government to open its embassy in Baghdad.

    Jaafari said during a joint press conference with New Zealand counterpart Murray McCully said that "Saudi Arabia has confirmed more than once during the previous period and in the words of the late King Abdullah bin Abdul Aziz, the need to open the Saudi embassy in Baghdad."
    He said al-Jaafari, that "the Saudi Foreign Ministry has sent a technical delegation to create a place for the embassy," noting that it "is currently being prepared and furnished offices as a prelude to direct embassy functions."

    The New Zealand Foreign Minister Murray McCully arrived earlier Monday in the capital Baghdad on a surprise visit for talks with senior Iraqi officials.

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645839&usg=ALkJrhgENrkXixeQoBHzOng3837BFQIdJw



  8. #8

    Re: The Dinar Daily, Monday March 23,2015

    McCauley assures Ebadi near open his country's embassy in Baghdad



    Abadi, during a meeting with New Zealand Foreign Minister Murray McCully
    Alsumaria News / Baghdad
    The prime minister Haider al-Abadi , on Monday, the government formed a reconstruction of the liberated areas fund to provide services to them, while the foreign minister noted New Zealand that his country would soon open an embassy in the capital, Baghdad .

    Information Office of the Prime Minister said in a statement seen by Alsumaria News, "Prime Minister Haider al-Abadi, received on Monday, Foreign Minister of New Zealand Murray McCully and his accompanying delegation, "noting that" the two sides discussed ways to strengthen bilateral relations between the two countries and efforts to fight terrorism and political situation The economic and security in the region. "

    Abadi said, according to the statement, that "the organization Daash and other terrorist groups pose a threat to the security of the whole world it is necessary to contribute to all States to fight it. "

    "The government has formed the reconstruction of the liberated areas to provide services to them Fund", adding that "the government is working to provide services to other provinces."

    For his part, McCauley expressed "his country's support for Iraq's efforts in fighting terrorism and willingness to train security forces and support," pointing out that "New Zealand will open its embassy in Iraq soon."

    It is noteworthy that the Foreign Minister of New Zealand Murray McCully, arrived earlier on Monday (March 23, 2015), to the capital Baghdad on an official visit, where he said during a press conference with his Iraqi counterpart, Ibrahim al-Jaafari said last told his government's decision on the establishment of a small embassy in Baghdad to facilitate things, training of Iraqi forces.


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645907&usg=ALkJrhiIb0d6cv9PNUflfRUFffu5zbhhJw


  9. #9

    Re: The Dinar Daily, Monday March 23,2015


    sczin11- WOW, LOOK WHO IS SPEAKING.....

    "Moqtada al-Sadr" The execution of al-Maliki very few heinous crimes (read details)
    23-03-2015 02:24 PM
    Saw the cleric Moqtada al-Sadr, said the death sentence against the former prime minister are very few.

    Sadr said during a panel discussion with some of the Sadrist officials, that "what he has done in Iraq, al-Maliki of financial and administrative corruption and the collapse of security caused the deaths of hundreds of thousands of innocent people, the death penalty, including measurement of very few do.

    He added, that

    the death penalty should be applicable to all wimps with al-Maliki,

    who destroyed the country and made ​​it go into the abyss.

    Source: Eighth Day

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3645961&usg=ALkJrhiJmalQlc_j2p84cQWXBtzPvE-i5A
    Last edited by sczin11; 03-23-2015 at 11:48 AM.

  10. #10

    Re: The Dinar Daily, Monday March 23,2015

    ISIS retreats near Mosul, regrouping in Hawija for expected assault



    By RUDAW

    KIRKUK, Kurdistan Region – Peshmerga forces backed by fierce oalition airstrikes pushed back the Islamic State (ISIS) Monday following an overnight assault by the militants in the Bashik Mountains southeast of Mosul.

    ISIS also is reportedly reorganizing forces in Hawija, south of the oil-rich city of Kirkuk.

    “Late last night, Daesh militants (ISIS) attacked Peshmerga bases in the Bashik Mountains but they were pushed back by our forces,” Peshmerga commander Qadir Badeli told Rudaw.

    “The collation airstrikes were intensely shelling ISIS fighters, forcing them to back away and leaving their weapons behind,” he added.

    Meanwhile, there were reports Monday that ISIS is reorganizing forces in the city of Hawija, amid unconfirmed reports of a possible Peshmerga offensive on the city.

    Hawija is 55 kilometers southwest of Kirkuk, and ISIS militants have been fleeing there from Tikrit, where the Iraqi Army has been advancing against the militants in a joint offensive with Iranian-backed Shiite militias for days.

    https://rudaw.net/english/kurdistan/230320151

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