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 onTHE 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
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 1276.770 1276.132 British pound GBP 1738.623 1737.753 Canadian dollar CAD 931.980 931.514 Swiss franc CHF 1218.264 1217.654 Swedish krona SEK 137.370 137.302 Norwegian krone NOK 148.575 148.500 Danish krone DKK 171.141 171.055 Japanese yen JPY 9.736 9.731 Special
Drawing RightsSDR 1622.349 1621.538
Indicative rates - 25.03.2015
https://www.cbi.iq/
sczin11- MANY ARTICLES COME OUT, THAT DUE TO TRANSLATIONS, WE TRULY CAN NOT DECIPHER, THE CONTEXT! ARE THESE RELEASES STATING THE IMPORTANCE OF MAINTAINING THE CURRENT VALUE OF THE DINAR AGAINST THE US DOLLAR, OR ARE THEY STATING CHANGES ARE IN THE WORKS? OR ARE THEY MERELY OPINIONS FROM THE MANY ECONOMISTS, EACH VYING FOR MEDIA ATTENTION?
2015 budget and biting the Iraqi dinar - the study of the causes and the consequences
March 25, 2015 11:34
D. Haider Hussain Al Tohme
Euphrates Center for Development and Strategic Studies
Iraqi dinar saw a sudden drop in price against the dollar than it was before the adoption of the state budget in January 29. He warned a number of experts and specialists in the financial and economic of the continuing decline of the Iraqi dinar exchange rate against the US dollar and its impact on the economic situation in the country's affairs, calling on the central bank to take swift action and effective solutions for the sake of the stability of the dinar exchange to save the national economy price.
The local market has recently seen a recession and volatile serious economic, coincided with the austerity budget for 2015 because of the deterioration of oil prices, and increased the continuing rise in the dollar economic conditions in the country's exchange rate worse. Citizens expressed their discontent and dissatisfaction with the currency fluctuations, stressing that this volatility cast a shadow over the stability of the domestic market and the standard of living for most classes of people, as well as the opportunity for traders and speculators to manipulate the prices are not justified.
Continued deterioration of the value of the dinar also raised against the dollar amazement and wonder a lot of specialists and non-specialists about the efficacy of the new monetary policy in the country, the fact that the deterioration mentioned revolving around the central bank's policies, policies which hover around two axes, the first price, which is sold by the dollar against the dinar, and the second The quantity sold of this dollar, the central bank is directly responsible in identified, but that is how the order details need to be clarified.
Originally -lo Strictly Adakkh- The public is who selects the daily market demands of the dollar, while the central bank exercised the role of providing these applications and what is reflected in the pricing. If the central bank to provide all the quantities according to the market mechanism, it will keep prices stable, while that if he sold the amount is less than what is required, the result is a lack of width dollar, which leads to the generation market parallel to sell the dollar, meaning that the dollar becomes his two prices , the first official determined by the central bank, and the other parallel to him away from this price by unmet demand, and is determined by supply and demand forces.
In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to - 8%, which is a big difference means that we have become about the two prices, the official rate and the black market rate. Dollar exchange rate has risen during the past few days gradually up to 1290 dinars, in its highest rate in years.
To make matters worse, the General Budget 2015 Act, has committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction bank providing goods enter the tax documents and data settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount, and so it applies penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
In this context, it is noteworthy that the foreign currency sales in the first half of 2014 from the central bank window has reached almost $ 25 billion, according to data published in the bank site, and for the full year compared to the first half of estimated sales of $ 50 billion. Has identified the budget sales ceiling law $ 75 million a day, and when the implementation of this article literally, taking into account the work days and is without a 250 days per year, the annual sales ceiling under the law, may not exceed $ 18 billion, and thus the window sales are less than half estimated for 2015. The demand to reduce the window sales does not mean reducing the demand for foreign currency, but to restrict the supply of government source. And will face a clear contradiction between the officially fixed exchange rate and the amount of sales that the decision of the budget law in advance.
In a related development, Prime Minister Counselor for Economic Affairs and economist Iraqi Dr. denied the appearance of Mohammed Saleh, was announced by some officials, who indicated that the central bank's actions are the cause of rising prices of the dollar against the dinar, stressing that the central bank basically procedures are immunization to the process of selling the currency action , and it aims to not wasting the currency for the time being, especially since Iraq is suffering from great financial hardship.
Saleh said At interview of the island Nt- The rise in the dollar price came on the back of lower oil prices in the international oil market, though most of Iraq's imports of Finance comes from oil, and the hard currency comes with oil revenues, adding that the Ministry of Finance turned half of the oil revenues to her reserve and crisis dollars.
Saleh added that Iraq does not have an economic resource is oil gets on the dollar through it, it does not issue a goods and materials and goods out of Iraq, nor reap from religious tourism or general tourism hard currency for the lack of attention, and customs applied to imported goods properly.
He stressed that the new central bank action came to fortify the dollar selling process, not a final stop currency auction, pointing out that the Iraqi dinar completely covered in foreign currency, and there are fears of a weak Iraq reserves of hard currency, at least in the foreseeable future.
The Central Bank of Iraq, had announced in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned it the "best rates" in the countries of the world. He also confirmed that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.
https://translate.googleusercontent.c...rd5ujtCiDJCj6A
Deputy: House of Representatives will accelerate in the legislation of the National Guard Law
National Alliance MP Hamid vegetative said that there is a desire for all the political blocs in the National Guard to pass the law, pointing out that it is natural that there are different views on the law until the law comes out the best formula, expected to accelerate in the House of Representatives of the National Guard legislation.
He vegetative told PUKmedia, on Wednesday, said that "the National Guard law one of the important laws that give cover to rally public and tribal fighters who fought terrorism and those they cover in terms of legitimacy, but settings lacking cover them legally."
He vegetative that "most of the political blocs have attitudes sometimes differ and sometimes incompatible with this parliamentary session available consensus about the laws," he said, adding that differences exist, but not as severe as portrayed by the media.
With regard to document the political agreement, vegetative said that the paper's political commitment to the agreement is important so are gaining confidence among everyone and implementation Matnm agreed upon between all the political blocs.
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%3D3652224&usg=ALkJrhhd0HqqHIKLqItunl7s2z934HKQFg
Last edited by pinkadonai1; 03-25-2015 at 10:39 AM.
Bankers' Association has accused some politicians to destabilize the confidence among depositors and banks
Tomorrow Press / Baghdad accused the Association of private banks in Iraq, Wednesday, some politicians to destabilize the confidence among depositors and private banks.
The association said in a press statement received by "tomorrow Press," that "for the time being done by the Iraqi Central Bank and private banks National turn in building a sophisticated Iraqi economy and their participation in national development through the delivery of banking services to all sectors of the economy as well as its vital role as a partner of the state in the development of strategies various economic, we see that there are some statements by some politicians do not fit with the current phase variables and the desire of everyone in the economic process support. "
She added that "political statements contribute to the destabilization of confidence among depositors and private banks, which negatively affects the money supply in the market turnover."
And called on politicians who are faced country to "be on the degree of responsibility in supporting the local economy and the lack of panic, fear and Allathagh in the columns of the national economy, namely the banks."
It is noteworthy that many of the politicians accused through the media some government and private banks looted public money and the lack of clear financial policy in the country.
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%3D3651878&usg=ALkJrhjPAKqmgsP58-UeRIxonQ6TDghw5Q
AND
Bankers Association criticized the statements of some politicians about the economy and invite them to "support the local economy."
Long-Presse / Baghdad Criticized the Association of private banks in Iraq, on Wednesday, statements by some politicians about private banks, promised to contribute to the "erosion of trust" between depositors and banks, while inviting them to be a "degree of responsibility in supporting the local economy."
The association said in a statement received (long-Presse) a copy of it, that "there are some statements by some politicians do not fit with the current phase variables and the desire of everyone in the economic process support, moreover they contribute to" shake the confidence of depositors and private banks, "which affects a negative impact on the money supply in the market turnover. "
The statement called for "Iraqi politicians to be a degree of responsibility in supporting the local economy and not to panic, fear and Allathagh columns in the national economy, namely the banks."
The statement pointed out that "the Iraqi Central Bank and private banks are based in turn on the national building sophisticated Iraqi economy through their participation in national development through delivery of banking services to all sectors of the economy as well as its vital role as a partner of the state in the development of different economic strategies."
The Central Bank of Iraq, it was revealed on Thursday, the presence of a number of private banks lagging in its work during the last term, and in attributing the cause of the delay to the non-payment of dues contractors and clients as a result of "lack of liquidity", vowed to dealers funds with lagging private banks through " legal reserve ".
The Iraq Stock Exchange has confirmed that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of the citizens, and low cash liquidity and price traded.
It is noteworthy that the central bank has put in (the fourth of June 2014), the economy Investment Bank, under the trusteeship, attributing this to the passion for the advancement of the bank and protect its customers. Ditto the Central Bank and the Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014).
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%3D3652362&usg=ALkJrhg3JUg5-zCESIBYZc2EdoYzA7Lr8Q
Last edited by pinkadonai1; 03-25-2015 at 10:45 AM.
Accountability and Justice parliamentary reveal the existence of two different two draft law in parliament
Information / special / ..Revealed Reconciliation Commission and the Justice and Accountability in Parliament, on Wednesday, the existence of two different two draft of the law of accountability and justice to the House of Representatives, demanding an investigation into this matter.
Committee Chairman Hisham al-Suhail, told / information /, "The Commission has two different laws from each other, first arrived from the State Council, and raised to the Presidency of the Council of Representatives, while surprise us with one another, as we have found is quite different from the first."
Suhail added that "there circumvent the law and there are hidden hands working on this law, we do not know the goals behind this fraud," and urged "prime minister and the House of Representatives for an investigation on the subject to know the cause of this mess and stand on goals from behind."
Referred to the cabinet voted on Tuesday (February 3, 2015), the draft law of accountability, justice and ban 20 party Bat.anthy p
Last edited by pinkadonai1; 03-25-2015 at 10:46 AM.
Iraqi Interior announces the issuance of the unified card in next June
The new image of the card
Basenyoz Rana Hussein - Carrying Iraqi flags Kurdistan -The Interior Ministry announced the issuance of the unified card in the next month of June.
The General Directorate of Nationality, announced on 12 May 2014 from the past, from the end of the first phase of a unified national card project indicating that the first card will be issued mid-2015.
A statement of the Ministry for Information and Public sexual director emphasis on the need to support the unified media card project and the planned launch next month of June.
The new card carrying Iraqi flags of Kurdistan.
The Iraqi government had contracted in October 2013 with a German company to issue a unified smart card
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%3D3652278&usg=ALkJrhjUv86okW6mpPosY-mp2Ezgt1xmSg
Last edited by pinkadonai1; 03-25-2015 at 10:51 AM.
sczin11- AND WE THOUGHT IT COULD ONLY HAPPEN IN THE HOR
Brawl in the Kurdistan Parliament
Roudao - ErbilA fight erupted in the province of Kurdistan Parliament, on Wednesday, as a result of a dispute between the two deputies from the Kurdistan Democratic Party and MP for the MDC Hama Ali Saleh.
The deputy for the Kurdistan Democratic Party said that "the subject for the presidency of the Kurdistan region is not listed on the agenda of the meeting, but the flesh MP Ali Saleh spoke of him, and quarreled with him two deputies for the Democratic Party."
The MP added that "the melee led to the postponement of the Kurdistan Parliament session for 15 minutes."
The head of the Kurdistan Democratic Party bloc, Omid Khoshnaw, network Roudao media that "the melee was unusual, and currently hold the Presidency of the Parliament meeting with the heads of the blocks."
As Roudao network correspondent in parliament said sinker Abdul Rahman, the screen parliament was extinguished during the melee, adding that there are attempts to calm things down.
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%3D3652326&usg=ALkJrhgrvWyN27DDTNOPn8hz9gf_Ebhc0w
Last edited by pinkadonai1; 03-25-2015 at 10:52 AM.
sczin11- AND IN THE COM TOO............
Altercation in the Council of Ministers because of minister's visit to Tikrit
BAGHDAD - ((eighth day))A source in the Council of Ministers that the altercation got inside the meeting because of objections by some ministers to visit the Minister of Youth and Sports, Abdul-Hussein Abtan to Tikrit.
The source told ((eighth day)) that some ministers accused Abtan no responsibility through repeated his visit to Tikrit, which is not the Minister of security and left a lot of files is disabled in the ministry, leading to delay their work.
The source added that al-Abadi defended Abtan said that his visit to Tikrit come from the door of national duty to follow the course of operations and inspect the security forces and the popular crowd, and I hope that all the ministers follow suit in permanent visits to PDF crowd.
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%3D3652356&usg=ALkJrhhMLme8oXoK5LN2V66UznWheotKdQ
Last edited by pinkadonai1; 03-25-2015 at 10:54 AM.
OIC: FAO to support Iraq in the face of terrorism
Organization of the Islamic Conference expressed its support for Iraq in the war being waged against the terrorist organization Daash.
Representative of the Secretary General of the Organization of the Islamic Conference and the Director of Political Affairs of the Organization beloved Kaabashi said during a meeting with Chairman of the Supreme Council Ammar al-Hakim, to support the organization of Iraq in the face of terrorism as well as support in the political and economic side, noting that the organization has shown its willingness to help the displaced and re-political institutions and infrastructure building after defeat terrorism in the near future.
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Last edited by pinkadonai1; 03-25-2015 at 10:56 AM.
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