The Dinar Daily, Wednesday April 1, 2015
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  1. #1

    The Dinar Daily, Wednesday April 1, 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, Wednesday April 1, 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 - 01.04.2015


    http://www.cbi.iq/

  3. #3

    Re: The Dinar Daily, Wednesday April 1, 2015

    Prime Minister's Advisor / Iraq Press /: Amendment of private banks to the banking law development



    BAGHDAD - Iraq Press - April 1: The Iraqi government unveiled a modified civil law known as commercial banks and banking law to the development of banking law.
    Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, L / Iraq Press / "The private banks Law No. 94, said for the year 2004 a good law does not exist in paragraphs any mention, but the parliamentary finance committee has proposed to amend the law within the developments that have taken place during the last ten years that have passed problems legislation on the current law. "

    The benefit of "Accordingly, the amendment will include Article 28 of Law No. 94 of 2004, which requires private banks or the so-called commercial banking law to own shares in the creation of an airline or owning farmland or industrial," he said, adding that there is "a new law is work on it with respect to banks, which the government of the Islamic Banking Act and expressed great optimism on the draft law, which was written by international experts under the supervision of the economy by the World Bank as his. "

    "The Islamic Banking Act (Modern Banking Act) totally depends on the profit and loss and Halal and Haram and that in case the vote will monitor him about 250 billion dinars," adding that "Islamic banks will give impetus to the advancement of the banking sector Mikhalq flown competitive interbank Iraqi as well as it will help to accelerate investment growth through the encouragement to work and reconstruction and speculative stocks. " Admiral ended


    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3674986&usg=ALkJrhg7m2_uEGxXFdjAe7fsBx61SyRpvA
    Last edited by pinkadonai1; 04-01-2015 at 11:45 AM.

  4. #4

    Re: The Dinar Daily, Wednesday April 1, 2015

    Central Bank assures the stability of the dollar over the Iraqis next month By Roudao 43 minutes ago



    The US dollar Roudao - ErbilParliamentary Finance Committee stressed on Tuesday that the Central Bank of Iraq assured the stability of the dinar against the dollar during the month next April.

    Said committee member Majda al-Tamimi in a press statement that "the recent actions of the Central Bank were not the main reason behind the rise in the dollar exchange rate against the dinar, but speculators in the market are made the dollar rises," noting that "the central bank should be more careful on the market and control banking companies and banks that deal to sell the dollar. "

    According to Al-Tamimi said, "The bank last contact with them Committee assured that next April will see the stability of the dollar against the dinar and return to their normal price, due to a series of steps carried out by the results of which will appear soon."

    It is said that the Iraqi dinar exchange rate against the dollar had witnessed a decline over the past few days where he arrived to 1270 dinars to the dollar, while the Central Bank of Iraq depends to a fixed exchange rate to the dollar in 1166.


    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3674893&usg=ALkJrhgXj1UFuUnS2gAl11D5HoDdFDL5tg
    Last edited by pinkadonai1; 04-01-2015 at 11:47 AM.

  5. #5

    Re: The Dinar Daily, Wednesday April 1, 2015

    sczin11- WHEN IS THE END OF CURRENT LEGISLATURE TERM? IS IT NOT MONDAY APRIL 6?

    Presidency of the parliament decided to cancel all vacations for MPs until the end of the current chapter



    Decided Presidency of the Council of Representatives, Wednesday, cancel all vacations for all of Representatives until the end of the current legislative term.

    The MP said Abdul Hadi Alkharallah told / information /, "The Presidency of the Council of Representatives decided during the session, today, cancel all vacations for all of Representatives."

    The House of Representatives held earlier on Wednesday, its regular presence of 185 deputies and headed by its president, Salim al. Finished / 25

    http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3675125&usg=ALkJrhiBX-fZgkIoTEAPS6jmU_pyYCPyeA
    Last edited by pinkadonai1; 04-01-2015 at 11:49 AM.

  6. #6

    Re: The Dinar Daily, Wednesday April 1, 2015

    RE-POSTED FROM 2 NIGHTS AGO.....


    sczin11- OPINION PIECE

    I HAVE STATED MANY TIMES, I DIDN'T BELIEVE THERE WAS ANY DELAY IN THE MONETARY REFORM PROCESS AND THAT THE PLAN WAS ROLLING OUT METICULOUSLY, AS PER THEIR DESIGN...EVEN THOUGH IT APPEARED YEARS AGO, DR. SHABIBI WAS READY TO GO WITH THE REVALUATION OF THEIR CURRENCY, ONE MUST REALIZE, EVERYDAY NEW ISSUES ARISE, AND THE BEST LAID PLAN, OF MICE AND MEN, MUST BE ADJUSTED TO CONFORM TO THE ISSUES OF THE DAY!

    THAT BEING SAID, WE HAVE BEEN GIVEN MANY INDICATORS ADDRESSING THE NEEDS OF MONEY, LIQUIDITY, AND THAT MANY ADVANCEMENTS HAVE BEEN MADE IN THE BANKING SECTOR...ELECTRONIC PROCESSING, E-GOVERNMENT PLAN, CUSTOMS AND TARIFFS, QI CARDS, SMART CARDS, NATIONAL DATA CARDS, MC AND VISA, RATION, AND MORE...

    CERTAIN BANKS TESTED IN AND OUT OF COUNTRY...BANKS TRYING TO LURE CUSTOMERS BACK IN... LAWS, BANKING AND INVESTMENT BEING READ, AMENDED, AND VOTED...PRIVATE SECTOR IS IN SPOTLIGHT..THE FOREFRONT OF MOST DISCUSSIONS RELATING TO THE ECONOMIC REFORM...

    CBI HAS CALLED IN OLD FIFTY DINAR NOTES...NO SECURITY WORTH TALKING ABOUT ON THEM..ONLY GIVING 60 DAYS FOR THAT PROCESS, OR CONSIDER THEM WORTHLESS..NULL AND VOID....IS THEIR OTHER CURRENCY GOING TO BE WORTH THAT MUCH MORE?

    THE BUDGET GETS PASSED, AND WE WAITED FOR PRESIDENTIAL RATIFICATION..FINALLY, THAT BEING COMPLETED, WE WAITED FOR GAZETTE ENTRY..THEN WE WERE TOLD IT WAS ENTERED INTO LAW..THE GAZETTE...FIRST WE HEAR PART ONE, AND THERE WERE SEVERAL PARTS, THEN WE HEAR WHOLE THING...

    THEN WE WAIT FOR CBI TO FUND BUDGET...WE FINALLY SEE SOME IN COUNTRY SALARIES PAID, BUT NOTHING ON INVESTMENT OR PROJECT SIDE, WITH CONTRACTS FOR INTERNATIONAL COMPANIES, OTHER THAN ONES ON CREDIT OR WITH TERMS...

    SO, WE OPINE, THE BUDGET HAS NOT BEEN FULLY ACTIVATED, OR IMPLEMENTED...

    THEN WE READ THAT THE CBI HAS FILED A COURT ACTION, REGARDING MANY PROBLEMS THEY SEE WITH THE BUDGET...MANY ARE SPECULATING AS TO WHY THE BUDGET IS NOT BEING FUNDED BY THE CBI...WELL FOLKS, HOW CAN THE CBI FUND SOMETHING THAT MAY BE FORCED TO BE CHANGED...RESULTS FROM THE COURT ACTION MUST BE RULED IN ORDER FOR THE CBI TO KNOW WHAT AND HOW MUCH THEY CAN FUND....

    THINK LONG AND HARD AT WHAT I JUST STATED...HOW COULD THE CBI FUND A BUDGET LINE ITEM, AND THEN WATCH IT CHANGE BY A COURT RULING...BASICALLY, AN INJUNCTION AGAINST FUNDING THE BUDGET IS WHAT HAS TRANSPIRED...

    NOW WE SEE IN LAST COUPLE OF DAYS, COURT IS RULING OR HAS COMPLETED ITS RULING ON THIS CBI CLAIM...

    AND WHAT DO WE NOW SEE TODAY RELEASED?

    THE BUDGET HAS ONLY BEEN FUNDED 30%, AND THE REMAINING 70% WILL BE FUNDED IN THE NEXT FEW DAYS...

    PUT THOSE PUZZLE PIECES TOGETHER ....WE ARE ON OUR WAY...

    THE NEW IRAQI DINAR, THE FOREIGN INVESTOR, THE CITIZENS OF IRAQ, AND ALL OF US....MUCH TO BE ENCOURAGED ABOUT HERE!

  7. #7

    Re: The Dinar Daily, Wednesday April 1, 2015

    Parliament lifted its 25 to Saturday



    Long-Presse / Baghdad Raised the presidency of the Iraqi Council of Representatives, on Wednesday, the 25th session of the second legislative term of the first legislative year to next Saturday, while the session saw the completion of the first and second readings of two bills.

    A parliamentary source said in an interview with the (long-Presse), "The Iraqi Parliament Speaker Salim al-lift, this afternoon, its 25th of the second legislative term of the first legislative year, to be held next Saturday," noting that "the meeting saw the end to the first reading for a project of the Federal Civil Service Law. "

    The source, who asked not to be named, said: "The meeting also saw the end to the second reading of the first draft amendment to the Law on the Protection of mass graves number five Act of 2006".

    It is noteworthy that the Iraqi Council of Representatives held on Wednesday, the 25th of its second legislative term of the first legislative year, led by its President Salim al-Jubouri, and the presence of 185 deputies, while the agenda of the meeting included the first and second readings of two bills.

    http://www.almadapress.com/ar/news/46418/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B1%D9%81%D8%B9-%D8%AC%D9%84%D8%B3%D8%AA%D9%87-%D8%A7%D9%84%D9%8025-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D8%A8%D8%AA

  8. #8

    Re: The Dinar Daily, Wednesday April 1, 2015

    The meeting's agenda No. (25) Wednesday (1) April 2015

    April 1, 2015
    Third parliamentary session
    The first legislative year
    Legislative Chapter II


    First, read verses from the Koran.

    Second: the first reading of the draft law of the Federal Civil Service. (Finance Committee, the Legal Committee ). (Article 100).

    Third: the second reading of the draft law of the First Amendment to the Law on the Protection of mass graves No. (5) for the year 2006. (Commission of the martyrs and victims and political prisoners, Human Rights Committee, the Legal Committee ). (Article 10).


    Session begins at: eleven am

    http://www.parliament.iq/



    Urgent parliamentary session to raise the next Saturday

    Baghdad

    Lifting of the House of Representatives, on Wednesday, its usual to next Saturday.

    According to a parliamentary source, told all of Iraq [where], that "the Presidency of the Council of Representatives has decided to allocate on Thursday to the work of parliamentary committees."

    The House of Representatives, was held today, chaired by its Salim al-Jubouri, and the presence of 185 deputies. Ended 14


    http://www.alliraqnews.com/2011-04-18-02-57-37/174960-2015-04-01-10-35-24.html
    Last edited by donnie; 04-01-2015 at 02:06 PM.

  9. #9

    Re: The Dinar Daily, Wednesday April 1, 2015

    Oil reached a settlement agreement with the company (MMS) on tankers transporting oil for the benefit of the region



    Khandan - The Iraqi Oil Ministry, it "has reached a settlement with the Marin Mandjemant Servses Company Agreement (Um. Um. S.) And some of the relevant authorities," while suggesting "it under that settlement will withdraw judicial lawsuit filed in Greek courts concerning oil tankers that Iraqi crude oil transported loaded on board by the Kurdistan Regional Government. " The Oil Ministry said in a statement posted on its official website, it was "part of the settlement, M. M. S. has agreed that it and the relevant authorities, and as soon expire hire tanker contract , you will not download the source of crude oil from the Kurdistan Regional Government, or transmitted unless the oil be sold Oom_khasa oil marketing company, or the Ministry of Oil. " This has prevented Tanker Company (Am.am.as) of crude oil sold by the oil marketing company after its transfer of oil for the benefit of the Kurdistan Regional Government. A statement by the Ministry of Oil that "Under the settlement agreement, will be lifted this ban as soon as the current lease period with the Kurdistan Regional Government ends in the third or fourth quarter of 2015 and will be notified tenants when a is lifted ban real. "

    http://www.xendan.org/arabic/drejaa.aspx?=hewal&jmara=11468&Jor=1

  10. #10

    Re: The Dinar Daily, Wednesday April 1, 2015

    The United Nations welcomes the liberation of Tikrit, calls upon the Government to ensure the return of displaced persons to their homes safely



    Khandan - Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis welcomed the triumphs of the security forces, liberation of the city of Tikrit to organize "Daash" terrorist. He said the UN envoy said in a statement, "It is a victory for all the Iraqi people," stressing that "The United Nations stands ready to help local and national authorities in responding to the needs of thousands of displaced people. " He said UN envoy, said he "must protect the safety and security of civilians in line with basic human rights and international humanitarian law principles." He called on the Iraqi government to "ensure that all residents of Tikrit who fled the organization Daash of return to their homes safely, and provide them with humanitarian assistance they so desperately need. "

    http://www.xendan.org/arabic/drejaA.aspx?=hewal&jmara=11470&Jor=2

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