The Dinar Daily, Friday March 27, 2015
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  1. #1

    The Dinar Daily, Friday March 27, 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, Friday March 27, 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 1280.851 1280.211
    British pound GBP 1739.089 1738.219
    Canadian dollar CAD ---- -----
    Swiss franc CHF 1218.391 1217.782
    Swedish krona SEK 137.448 137.379
    Norwegian krone NOK 149.057 148.983
    Danish krone DKK 171.493 171.408
    Japanese yen JPY 9.735 9.730
    Special
    Drawing Rights
    SDR 1622.676 1621.864

    Indicative rates - 27.03.2015


    http://www.cbi.iq/

  3. #3

    Re: The Dinar Daily, Friday March 27, 2015

    Infallible heads the Iraqi delegation participating in the Arab Summit



    {Baghdad: Euphrates News} is headed by the President Fuad Masum, the Iraqi delegation participating in the twenty-sixth session of the Arab summit to be held on Saturday morning, in the Egyptian Sharm el-Sheikh, and continue their activities for two days with the participation of presidents and kings and Arab leaders or their representatives. A statement by the site of the Patriotic Union of Kurdistan and the agency {Euphrates News} received a copy of "The agenda of the meeting of the infallible in front of the leaders and presidents contains a number of important issues on the Arab arena, including the Palestinian issue, the Syrian crisis, serious in Yemen, Libya and developments, and the proposal to establish a joint Arab force . It is said that is expected to be held on Saturday, the Arab summit in Sharm el-Sheikh in Egypt.

    http://wwww.alforatnews.com/modules/news/article.php?storyid=80423

    * Courtesy of IQD Team
    Last edited by pinkadonai1; 03-27-2015 at 02:43 PM.

  4. #4

    Re: The Dinar Daily, Friday March 27, 2015

    Kurdistan Alliance: Turkish loan will arrive soon



    MP for the Kurdistan Alliance, Ahmed flesh, on Friday, the Turkish financial loan is not yet up to the Kurdistan region, while noting that the grant will be allocated to the region salaries. Hama said that "the Turkish loan, estimated at $ 500 million has not arrived yet, but according to the latest communications will arrive soon to the region. He flesh, that "the amount will be allocated to pay staff salaries and the region will start Bmnzbe the Ministry of Peshmerga. The Turkish government has decided to grant a loan to the Kurdistan region to $ 500 million, after a recent visit to the Kurdistan government delegation to Turkey.The head of the Kurdistan Regional Government Nechirvan Barzani, said in a Monday (2/23/2015), he brought with him from Turkey during the recent visit of $ 500 million to pay the salaries of the staff of the Kurdistan region.

    http://8th-day.com/?p=101032
    Last edited by pinkadonai1; 03-27-2015 at 02:46 PM.

  5. #5

    Re: The Dinar Daily, Friday March 27, 2015

    House of Representatives is preparing tomorrow's meeting in legal accountability, justice and the prohibition of the Baath Party to read



    House of Representatives decision Imad Youkhana Yako

    The Presidency of the Parliament House of Representatives unveiled 23 of the second legislative term hearing to be held on Saturday, where the table display of accountability and justice law and the prohibition of the Baath Party for the first reading included as well as other laws of the agenda.

    The council said the decision Imad Youkhana Yako in a statement singled out by the Radio tow the Presidency and in consultation with the heads of committees and leaders of the blocs decided to include the law of accountability and justice on the agenda of the meeting for the first reading in order to proceed after the completion of discussions on the controversial paragraphs in the laws as well as the council will vote on the law of service While Federal will continue to read the Labour and Social Affairs Law will be included in the table modification sanctions internal security forces as well as the law that the meeting will read and vote for other laws.

    On the dialectical laws and the reasons for the inclusion in the agenda between Yako said the political blocs ongoing consultation on the law of parties, which he said some points witnessing Unlike between the blocks will be overcome in the coming days, in what would be the National Guard of the Federal Court Act on the agenda of future meetings schedule having seen dialogues blocks In previous days, largely agree on the reading and pass laws. The Presidency of the Council of Representatives decided on Sunday to postpone the convening of the 23 council meeting that was scheduled for last Tuesday to Saturday due to synchronize with the Nowruz holiday, after presenting the Kurdistan Alliance, asked for the postponement of Tuesday's session.

    http://almirbad.com/news/view.aspx?cdate=27032015&id=f8fd52d2-41ab-4677-8131-2ac430792cc2
    Last edited by pinkadonai1; 03-27-2015 at 02:47 PM.

  6. #6

    Re: The Dinar Daily, Friday March 27, 2015

    After the detection of serious documents .. Parliament calls "al-Maliki"



    After the detection of serious documents .. Parliament calls
    Investigative Committee revealed in the fall of Mosul, on Thursday, its intention to call senior officials, noting that, including former Deputy Prime Minister and current President of the Republic of Nuri al-Maliki.

    A member of the committee MP Abdul Rahman Alloizi, "it was the receipt of the names of senior officials during the investigations carried out by the investigative committee in the fall of Mosul, however Daash criminal groups over the past months. He added that "the Commission will call former Prime Minister and Vice President of the Republic current Nouri al-Maliki, and former Minister of Defense agency Saadoun al-Dulaimi, in addition to the older agent in the Ministry of Interior Adnan al-Asadi," noting that "the said these names during the meetings of the Committee raised the sensitivity of some of its members." He was a member of the committee charged with investigating the cause of the fall of Mosul Kanna first confirmed on Tuesday that the Commission's report will not be as a report Spyker, and Snfdh Names of those involved, as pointed out that the Commission did not ask for an extension of the period and reported by some media was untrue.

    http://www.waradana.com/news/iraq/19/79261/%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D9%88%D8%AB%D8%A7%D8%A6%D9%82-%D8%AE%D8%B7%D9%8A%D8%B1%D8%A9-..-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B3%D8%AA%D8%AF%D8%B9%D9%8A-
    Last edited by pinkadonai1; 03-27-2015 at 02:49 PM.

  7. #7

    Re: The Dinar Daily, Friday March 27, 2015

    Iraq Inches Toward 3-Way Split

    http://s.wsj.net/img/b.gif

    Iraq’s growing number of internal refugees highlight the difficulties of putting country back together again

    KARBALA, Iraq—Jassem Abbas spent the past several months sleeping on the floor of a mosque that has become a scabies-infested refugee camp. But he won’t return to his once-comfortable home in Iraq’s northern city of Mosul even if it is liberated from Islamic State one day. His reasons highlight just how permanent Iraq’s divisions have become—and how difficult, if not impossible, it would be to put the country back together again. After more than a decade of internecine slaughter that followed the 2003 U.S. invasion, more and more Iraqis like Mr. Abbas are concluding that living together is no longer possible—and that the country’s three-way partition, formal or informal, may be the only viable option left.

    Last summer, Mr. Abbas, a Shiite, escaped to areas protected by Kurdish militias as Islamic State rapidly overran predominantly Sunni Mosul and gave the remaining Shiites a choice between conversion or death. A few weeks later, as the Kurds fled another Islamic State offensive, Mr. Abbas and more than a hundred neighbors and relatives ran for their lives again, finally settling among fellow Shiites in the holy city of Karbala.

    “There will always be threats and killings directed at us in Mosul, as there had been even before Islamic State took over,” said Mr. Abbas, 45. “My neighbors helped Islamic State in killing us—and even those who did not help did nothing to oppose it, so they are its partners. How can we ever live with them together again?”

    The despair felt by Mr. Abbas is mirrored by many members of Iraq’s Sunni minority who have had to flee their homes, too. They’re part of Iraq’s burgeoning population of internal refugees, which now numbers more than 2.5 million, five times the number last June, according to United Nations statistics.

    “Shiite militias came to our town with the excuse of fighting Islamic State, but what they are really trying to do is to cause demographic change,” said Sunni politician Ahmed al-Hashmawi, who, like most Sunni residents, fled the town of Yathrib north of Baghdad in November. He now shares a small house in a Sunni area of the capital with 81 relatives.

    Abdelqahar al-Samarrai, a lawmaker from Samarra, the biggest Sunni Arab city outside Islamic State’s rule, said he hears daily of kidnappings and executions by the Shiite militias that effectively govern his area. Asked whether his constituents would prefer Islamic State, Mr. Samarrai answered: “Anyone is better than the hell they are enduring now.”

    For the past weeks, these Shiite militias have tried to push from Samarra into the Sunni city of Tikrit—an offensive that stalled because of fierce resistance and now involves U.S. airstrikes.

    With the front lines moving slowly since last summer’s Islamic State blitz, the country’s three-way division is becoming a fact of life.

    The Kurdistan Regional Government, based in the northern city of Erbil, already runs an independent state in everything but name, controlling its own borders and limiting access by Arab Iraqis, Sunni and Shiite. The Islamic State-ruled Sunni Arab belt no longer even maintains telephone links with the rest of the country, and travel between those areas of Iraq and Baghdad has become nearly impossible.
    [8:08:42 AM] Kimberly: In the capital, the central government of Prime Minister Haider al-Abadi is presiding over an overwhelmingly Shiite rump where militias often funded by Iran and answering to Shiite religious parties outmatch the U.S.-built national army that collapsed in the face of Islamic State advances.

    And in all three parts of the country, there is a growing sense that living together is no longer possible, or even desirable.

    “There is now a public acceptance of the idea of separation, and this acceptance stems from the facts on the ground,” said Zuheir al-Sharba, deputy secretary-general of the Imam Ali Shrine in Najaf, one of Shiite Islam’s main pilgrimage centers. “The facts on the ground are clear. Before 2003, I as an Arab from Najaf could go to Erbil and buy a house and live there. It is no longer permitted to me. And now it is also not possible for me in Mosul, either.”

    Openly sectarian policies by former Prime Minister Nouri al-Maliki, who ruled in 2006-2014, have contributed to this split, and to the rise of Islamic State, by alienating many Sunni Arabs and Kurds. The new prime minister, Mr. Abadi, has adopted a more embracing tone, promising national reconciliation and a more inclusive government. He struck a deal on sharing oil revenues with the Kurds and appointed a Sunni as minister of defense. His outreach, however, may be too little too late.

    “Iraq is passing through a final stage now. Either it will rectify itself or, God forbid, it will be facing a huge catastrophe,” Iraqi Vice President Ayad Allawi, a nonsectarian politician and former prime minister, said in an interview “This is the last mile for Iraq.”

    While non-Sunni minorities have either fled or been slaughtered in Islamic State territory, large Sunni Arab communities remain outside its confines, most notably in Baghdad. The Kurds and the central government also have a dispute over the northern city of Kirkuk and the adjoining oil fields.

    Hunain Alqaddo, a lawmaker from the ruling Shiite bloc, represents the Shobak ethnic minority of the Mosul area. Much of that group is now living as refugees in government-held cities and he warned that any moves to hasten the breakup of Iraq would lead to unimaginable tragedies.

    “If we decided to set up independent states, we would be engulfed in fighting over borders. How are we going to tackle the issue of water? What about gas and oil? They could fight for centuries over these issues,” Mr. Alqaddo said.

    Yet, this is exactly what may happen, he concedes.

    “The advances of Islamic State have brought all Iraqi parties together, but this is temporary. It will not last,” he said. “The main problem in Iraq is that we have very little in common.

    http://www.wsj.com/articles/iraq-inches-toward-3-way-split-1427359508
    Last edited by pinkadonai1; 03-27-2015 at 02:50 PM.

  8. #8

    Re: The Dinar Daily, Friday March 27, 2015

    Kurdistan: Kurdish technical delegation holds Melvin visit to Baghdad



    BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - Kurdistan Alliance bloc member Kaveh Mohammed, said the Kurdish delegation scheduled visit to Baghdad, after the end of the holiday Nawrouz carry Melvin Hsmanma with the federal government, pointing out that the delegation would be technically and not a politician. Said Mohammed, a committee of oil and energy parliamentary rapporteur's (IMN ), "The scheduled visit to Baghdad, the delegation will be technical delegation will discuss in Baghdad Melvin clinging to the Kurdistan region of Finance's budget, and resolving technical differences on the oil agreement."

    Mohammed said that "the delegation will try to end the differences for exporting oil from the region and amounts due to be delivered to the national export company SOMO own timings time increase exports from the region, as well as discuss the financial allocations for the Kurdistan region within the federal budget and mechanisms of release of funds."

    And held President of the Kurdistan Regional Government, Barzani mid-February, talks in Baghdad with Iraqi Prime Minister Haider al-Abadi on the oil agreement and the region's share of the state budget for 2015 this month.

    Under the oil agreement, which was ratified by the federal government and within the budget of the 2015 Law on the delivery of the Kurdistan region of at least 250 thousand barrels of oil a day to the federal government for the purpose of export, as well as the export of 300 000 barrels of Kirkuk oil through the region to the Turkish port of Ceyhan.

    http://center-imn.net/2/index.php/2013-09-08-07-27-39/16235-2015-03-27-08-45-30
    Last edited by pinkadonai1; 03-27-2015 at 02:52 PM.

  9. #9

    Re: The Dinar Daily, Friday March 27, 2015

    Kurdistan: Kurdish technical delegation holds Melvin visit to Baghdad



    BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - Kurdistan Alliance bloc member Kaveh Mohammed, said the Kurdish delegation scheduled visit to Baghdad, after the end of the holiday Nawrouz carry Melvin Hsmanma with the federal government, pointing out that the delegation would be technically and not a politician. Said Mohammed, a committee of oil and energy parliamentary rapporteur's (IMN ), "The scheduled visit to Baghdad, the delegation will be technical delegation will discuss in Baghdad Melvin clinging to the Kurdistan region of Finance's budget, and resolving technical differences on the oil agreement."

    Mohammed said that "the delegation will try to end the differences for exporting oil from the region and amounts due to be delivered to the national export company SOMO own timings time increase exports from the region, as well as discuss the financial allocations for the Kurdistan region within the federal budget and mechanisms of release of funds."

    And held President of the Kurdistan Regional Government, Barzani mid-February, talks in Baghdad with Iraqi Prime Minister Haider al-Abadi on the oil agreement and the region's share of the state budget for 2015 this month.

    Under the oil agreement, which was ratified by the federal government and within the budget of the 2015 Law on the delivery of the Kurdistan region of at least 250 thousand barrels of oil a day to the federal government for the purpose of export, as well as the export of 300 000 barrels of Kirkuk oil through the region to the Turkish port of Ceyhan.

    http://center-imn.net/2/index.php/2013-09-08-07-27-39/16235-2015-03-27-08-45-30
    Last edited by pinkadonai1; 03-27-2015 at 02:53 PM.

  10. #10

    Re: The Dinar Daily, Friday March 27, 2015

    Commander in the popular crowd: Most of the elements of the "Daash" who were killed were released at the time of the Maliki government

    http://8th-day.com/wp-content/uploads/2014/09/fuytu.jpg (picture has harsh content)

    Commander in the popular crowd: Most of the elements of the "Daash" who were killed were released at the time of the Maliki government

    The leader of the popular crowd, that all who have been killed or arrested members of "Daash" were released at the time of the previous government of Nouri al-Maliki. The leader of the interview ((eighth day)) that "has been captured on a lot of Aldoaash and confessed that they were released during a time of the previous government, which was agreed at the Arab summit between the government and the Arab states. The coming days have been killed and captured many Aldoaash through Anbar, Tikrit and Diyala battles. (AA) SOURCE

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=auto&tl=en&u=http://8th-day.com/%3Fp%3D101027&usg=ALkJrhhJD_UFX5BOIXMBr8fkrH0wt7UF_A
    Last edited by pinkadonai1; 03-27-2015 at 02:56 PM.

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