The Dinar Daily, MONDAY March 30, 2015
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  1. #1

    The Dinar Daily, MONDAY March 30, 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 30, 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 1279.452 1278.812
    British pound GBP 1740.721 1739.851
    Canadian dollar CAD 934.969 934.502
    Swiss franc CHF 1222.222 1221.611
    Swedish krona SEK 138.155 138.086
    Norwegian krone NOK 148.764 148.690
    Danish krone DKK 171.329 171.244
    Japanese yen JPY 9.774 9.769
    Special
    Drawing Rights
    SDR 1623.888 1623.076

    Indicative rates - 29.03.2015


    https://www.cbi.iq/

  3. #3

    Re: The Dinar Daily, MONDAY March 30, 2015

    Parliamentary Finance: The government has introduced only 30% of the budget in effect



    Tomorrow Press / Baghdad: Finance Committee revealed that the government did not enter into force budget items but only by 30% due to a lack of liquidity, confirming that the 70% will be transferred gradually over the next few days.

    MP committee member Haidar al-Mutlaq said that "the government has yet to impose taxes provided for in the federal budget to apply now," pointing out that "the general budget did not enter all its items and materials into force except up to 30% of the ministries and provincial quotas."

    He said, "Among the material that did not enter into force, including the provinces of Salahuddin and Nineveh, Anbar, after converting their funds to aid displaced people," stressing that "there are some of the ministries have not turned their money in full and the reason is due to a lack of liquidity."


    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%3D3668024&usg=ALkJrhjNrXjjeR9rUwoo9YtB9r0UHuQiyQ
    Last edited by pinkadonai1; 03-30-2015 at 10:37 AM.

  4. #4

    Re: The Dinar Daily, MONDAY March 30, 2015

    Finance: raise prices packing cards will start early April



    A senior source in the Ministry of Finance reported that Kartat raise prices of mobile phones and the mobilization of the taxes that have been voted upon in the 2015 budget will be applied officially regarded as the beginning of next April.

    The source told Radio tow the government considered postponing the implementation of those decisions during the last period in the hope of rising oil prices and improved financial realities of Iraq, but the economic situation of the country imposed by the application of those items, stressing that the fluctuation of packing card prices and the rise in the past days is a personal behavior by some weak souls who started to raise prices before the official date her.

    It is said that the source did not disclose the new official price to be adopted for different categories of cards re-mobilize funds for mobile phones.


    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%3D3667905&usg=ALkJrhicpISPjsMUJ9huAi8V5N-MWFn6-g
    Last edited by pinkadonai1; 03-30-2015 at 10:38 AM.

  5. #5

    Re: The Dinar Daily, MONDAY March 30, 2015

    Through Baghdad and Wasit south of the capital Baghdad and shows the side of the housing project Basmaja Imaging (Mahmoud Raouf)



    Long-Presse / Baghdad - Economic Adviser to the Prime Minister: Rising Dollar serve Iraq and activates the work of local and production sectors.

    Counting economic adviser to the Iraqi Council of Ministers, on Monday, that the rise in the dollar's exchange rate against the dinar "serve" Iraq, through the creation of the phrase "positive" variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price is a "support" to the importer foreign national account.

    Said Abdul Hussein Al-Anbuge, said in an interview to the (long-Presse), "The foreign currency was wasted in Iraq at large, nor the government know the size of imports and where to go orders," noting that "the government is seeking to put an officer on through import for determining by letters of credit. "

    He Anbuge, that "taxes and customs tariffs on imports will be implemented when the opening credits," noting that "foreign exchange will not be given to the banks, but when you open a real credit to the imports to ensure that it goes back to the outside in the form of goods and services."

    He believed economic adviser to Iraqi Prime Minister, that "recent decisions concerning Balastairadat, which affected one way or another on the dollar exchange rate against the dinar, is only a variable one," returned to "high dollar exchange rate probably led to a lot of factors and variables positive through the provision of job opportunities in industrial sectors and activities, agricultural and domestic service. "

    He Anbuge, that "the rise of the dollar in the interest of Iraq," attributing it to "the possibility of a cheap dollar smuggling from Iraq, because the citizen and merchant and importer buys and pays for the outside."

    Economic adviser to the Iraqi cabinet said that "the decline of the dollar in Iraq price, represents support for foreign importer and protects the national account, just reinforces the phenomenon of rentier economy," revealing "a real steps to support the private sector by facilitating the licensing and improve the working environment and the introduction of companies sober for work in Iraq. "
    He Anbuge, that "the Iraqi government is seeking to stimulate local economic sectors through the support of local industry and agriculture to go into production later."

    It is noteworthy that the US dollar exchange rate has been rising for nearly a month, up to a few days ago to 1230 dinars to the dollar.

    The central bank may impose a special program of tax and customs guarantees for goods, while among banking and economic shown that it came under the guidance of the Council of Ministers to determine the work of traders and keep them away from "illegal transactions in the smuggling of" hard currency.

    The CBI also announced (24 March 2015 current), for approval of the Economic Committee of the Council of Ministers on a proposal to accept the judge issued by private banks instruments to pay all taxes and fees and without a fixed roof.

    This means rentier economy, the state's reliance on one source of income, it is often a source of naturally occurring such as oil, is the rentier state, is that derive all or a significant portion of national income from the sale or lease of indigenous resources to foreigners.

    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%3D3668152&usg=ALkJrhhqmk3VbK5vDbxbjJzGXyHBfIf-yg
    Last edited by pinkadonai1; 03-30-2015 at 10:40 AM.

  6. #6

  7. #7

    Re: The Dinar Daily, MONDAY March 30, 2015

    Parliamentary Tourism attributes the lack of funds "visitor dollar" financial distress Exchange and the war against "terrorism"



    Long-Presse / Baghdad The Commission on Tourism and Antiquities Parliament on Monday, the importance of religious tourism in economic development and supplement the budget for Iraq, attributed the lack of funds "visitor dollar" exchange for the provinces concerned to financial distress experienced by the country and the war against "terrorism".

    The head of the committee, Ali Mohammed Sharif, in an interview to the (long-Presse), said that "religious tourism from important sectors in providing the economic development and the budget, especially in light of the financial crisis that is currently affecting the country," returned that "the government is interested in this sector and is seeking to activation is and tourism in general. "

    On the issue of visitor dollar demanded by the provinces, which hosts the holy shrines, the sheriff, that "the law was issued to that effect similar to petro-dollars, which gives the provinces producing oil," adding, "but the financial distress and the war against terrorism, were forced government to stop the amounts visitor dollar to the provinces Exchange concerned. "

    It is noteworthy that religious tourism was very impressed with the organization after the invasion (Daash) for a number of the Iraqi provinces and regions, in (the tenth of June 2014 the past).

    The religious tourism circuit in Najaf, confirmed in (the 19th of September 2014 the past), that the majority of the province Hotels, (160 km south of Baghdad), closed its doors due to the decline of Iranian visitors to nearly a fifth, compared with before Ramadan of that year, and " idle "private sector companies, expected to contribute to the month of Muharram, in the revitalization of the sector again, while Izzat Association of tourist hotels that" recession "to tourism adoption in Iraq" almost complete "on the Iranian visitors, and called for a strategy to activate this vital activity .

    https://www.almadapress.com/ar/news/46250/%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D 9%8A%D8%A9-%D8%AA%D8%B9%D8%B2%D9%88-%D8%B9%D8%AF%D9%85-%D8%B5%D8%B1%D9%81-%D9%85%D8%A8%D8%A7

  8. #8

    Re: The Dinar Daily, MONDAY March 30, 2015

    Strengthening the private sector out of the crisis

    Need to move from a rentier economy to the product.

    BAGHDAD / Obelisk: receiving unemployment shadows on society movement in Iraq, with large segments experiencing confusion as a result of social and living the consequences imposed by unemployment, by which, while calling the Iraqi government economists to hold a genuine partnership between the state institutions and the private sector, to reduce the aggravation of the economic downturn largest and run number of citizens.

    She drew circles that the financial crisis in Iraq resulting from the decline in global oil prices and indicators of the current year's budget, clearly indicate that reducing the number of grades, the increased economic problems within the social structure that suffer mainly from a significant decline in production basket. Therefore considered that it requires payment towards the means of production away from the rentier economy, and works on the principle of industry, agriculture and the development of a variety of service-sectors. The distribution of unemployment in Iraq among young people who are capable class to work and among university graduates, does not imply experts for a number of these young people from reality estimates, as the country suffers from a severe housing crisis as a result of increasing population and the inability of low-income people from the construction of private housing units, due to rising raw material prices and wages the work.

    According assigned grades figures in the annual budgets, to the depth of the crisis in society and the labor market in particular, noting that the number of grades in the 2013 budget amounted to 150 thousand, while reaching 23 thousand in this year's budget, the obvious difference between Almoisntin shows .

    Raises significant decline in financial budgets include grades, concern young men and women, particularly graduates and job seekers, especially as the investment is still weak because of the security situation and the special circumstances in the country. This requires economic landscape to accelerate the steps to open the economy to investment and to attract fans, with the importance of diversifying the sources of economic and tackling unemployment in a serious manner and fast. He also notes the significant decline in the contribution of the main productive sectors in GDP ratios, and the need to move from a rentier economy to the product.

    The researchers feel about job opportunities in Iraq discouraged, when they find a significant part of the current year's budget, is operational because of the decline in oil resources as a result of lower prices globally, what they saw oil as a curse rather than becoming a blessing enjoyed by citizens, in the case of used resources rational and away from any suspicions of corruption rampant in the country after 2003.

    He pointed Commissioner of the Islamic National Bank Director Sadeq al-Shammari said in a statement to life, to the difficult situation of the Iraqi economy in terms of serious repercussions on the decline in employment opportunities.

    He stressed the importance of giving priority to the required investment funds in the activation of projects in all areas. » He said that many countries «passed in the same situation and was able to access and build a solid economy.

    https://almasalah.com/ar/news/50366/%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D9%84%D9%84%D8%AE%D8%B1%D9%88%D8%AC-%D9%85%D9%86-%D8%A7%D9%84%D8%A3%D8%B2%D9%85%D8%A9

  9. #9

    Re: The Dinar Daily, MONDAY March 30, 2015

    The meeting's agenda No. (24) Monday 30 March 2015

    Third parliamentary session
    The first legislative year
    Legislative Chapter II

    First, read verses from the Koran.

    Second, the Committee on Agriculture, water and marshes report on the work of the Commission.

    Third: The vote on a resolution for Daash terrorist crimes against innocent Iraqi children. ( Legal Committee , Commission on Human Rights).

    Fourth: the first reading of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 (the Security and Defense Committee, the Legal Committee ). (3 items).

    Fifth: The first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) regarding stolen cultural property or Illegally Exported. ( Committee on Culture and Information , the Foreign Relations Committee , the Committee on Tourism and Antiquities). (Article 2).

    Sixth: the continuation of the second reading of the draft labor law. ( Committee for Labor and Social Affairs , the Committee on civil society organizations , the Legal Committee , the Committee on Women, Family and Children). (Article 157). (The remaining 24 articles).

    https://parliament.iq/details.aspx?EvID=13244

  10. #10

    Re: The Dinar Daily, MONDAY March 30, 2015

    Kurdistan: our negotiations with the Government were continuing to send our share of the budget



    Tomorrow press Baghdad:
    Kurdish mp said najeeba Najib said negotiations are still ongoing between the Government of Baghdad and Erbil to send share Kurdistan balance of 17%.

    Najib said the "tomorrow's press", that "there are understandings and negotiations on raising the share of oil sales to krdstna the numbers agreed, pointing out a technical fault meant the existence of blocking in these numbers that would abide by all numbers provided for Kurdistan, according to the agreement signed between the two parties."

    It showed that "there are discussions and negotiations have reached agreements on coordinated action to combat the elements and how to edit areas daash of these terrorist groups," he said, adding that "Iraqi Kurdistan was committed to the terms of the agreement the oil quantities specified in the oil agreement."

    https://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falghadpress.com%2Far%2Fnews%2F28948 %2F%25D8%25A7%25D9%2584%25D9%2583%25D8%25B1%25D8%2 5AF%25D8%25B3%25D8%25AA%25D8%25A7%25D9%2586%25D9%2 58A-%25D9%2585%25D9%2581%25D8%25A7%25D9%2588%25D8%25B6 %25D8%25A7%25D8%25AA%25D9%2586%25D8%25A7-%25D9%2585%25D8%25B9-%25D8%25A7%25D9%2584%25D8%25AD%25D9%2583%25D9%2588 %25D9%2585%25D8%25A9-%25D9%2585%25D8%25A7%25D8%25B2

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