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  1. #1

    The Dinar Daily, Monday April 6, 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, Monday April 6, 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 ----- -----
    British pound GBP ----- -----
    Canadian dollar CAD ----- -----
    Swiss franc CHF 1215.216 1214.609
    Swedish krona SEK ----- -----
    Norwegian krone NOK ----- -----
    Danish krone DKK ----- -----
    Japanese yen JPY 9.745 9.740
    Special
    Drawing Rights
    SDR 1623.119 1622.307

    Indicative rates - 06.04.2015


    http://www.cbi.iq/
    Last edited by sczin11; 04-06-2015 at 10:44 AM.

  3. #3

    Re: The Dinar Daily, Monday April 6, 2015

    Accelerate the granting of visas investors and financial delivery {455} million dollars for the province of the most prominent economic headlines for newspapers Monday



    {Baghdad: Euphrates News} newspapers picked up on Monday a number of economic headlines, including accelerating the attributes of the entry of investors and deliver the Ministry of Finance for the {455} million dollars to the Kurdistan region.

    The morning Five-year plan is consistent with the strategy of the private sector
    Nouri: no change in food prices

    Statement
    Accelerate the granting of visas investors within 72 hours

    New Morning
    Oil and Total: a memorandum of understanding to create the largest petrochemical project in the country
    Analysts: OPEC may cut in June crude production quotas

    Time
    Menem (time): Hot provinces share her appointment
    Najib's (time): Financial Kurdistan received $ 455 million

    The extent
    Government is committed to overcoming the difficulties in front investment .. The Parliament calls for the formation of "the leadership of construction operations
    Kirkuk critical of the Ministry of Planning and describe the calculation of one dollar per barrel as "legal violation

    The new evidence
    Zubaidi delivers copies of the ambassadors of Iraq's port of Faw investment Display

    The Constitution
    Abdul-Mahdi: The Oil Ministry has made great achievements. It's over

    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%3D3690288&usg=ALkJrhhuByMpRwkReTQb6I5m8xD7l130-w
    Last edited by pinkadonai1; 04-06-2015 at 11:45 AM.

  4. #4

    Re: The Dinar Daily, Monday April 6, 2015

    bde Urgent session of parliament to vote on a number of laws and the completion of reading the law of parties



    {Baghdad: Euphrates News} House of Representatives held its regular vote and read several laws, including reading the political parties law a second reading.

    According to a parliamentary source told {Euphrates News} "The House of Representatives held its meeting under the chairmanship of President of the Council, Salim al in the presence of 200 deputies."

    The agenda of the House of Representatives agenda a discussion of the Commission on Human Rights report on the work of the Committee, and vote on the Fifth Amendment to the Law of maintenance of irrigation and drainage networks No. 12 of 1995, as will the second reading of a law on political parties, and Altsot to amend the judicial fees Law No. 114 of 1981, the first reading of the law Iraq's accession to the promotion and protection agreement and guarantee investments between the member states of the Organization of Islamic Cooperation, as well as the first reading of the law Cancel Revolutionary Command Council resolutions {dissolved} numbered 116 for the year 2002, and 11 for the year 2003 and 26 for 2003 and 94 for the year 2002, and 40 for the year 2002. it's over


    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%3D3690553&usg=ALkJrhji7G8yQdQLEUu19J4gWSsV7kU50w
    Last edited by pinkadonai1; 04-06-2015 at 11:45 AM.

  5. #5

    Re: The Dinar Daily, Monday April 6, 2015

    sczin11- NO MENTION IN THESE RELEASES, THAT THE CBI ACTING GOVERNOR, IS WITH THE CONTINGENCY THAT ARRIVED IN KURDISTAN TODAY..NOR DO ANY OF THE VERSIONS OPENLY DISCUSS AGENDA RELATING TO MR OR ER..... WE WILL CONTINUE TO LOOK FOR MORE DETAILS..
    WE REPORT....YOU DECIDE!



    Mon, 06 Apr 2015 07:43:15
    Abadi up Arbil, accompanied by military and government delegation







    Arrived Prime Minister Haider al-Abadi, on Monday, to Erbil airport on top of senior military and government delegation, as he was of welcoming the President of Kurdistan, Massoud Barzani. A source in Arbil, said the prime minister Haider al-Abadi, arrived this morning, to Erbil International Airport, accompanied by senior military and government delegation, most notably Defense Minister Khaled al-Obeidi and Interior Minister Mohammed Ghaban and ground forces commander Lt. Gen. Riyadh Jalal and army chief of staff first team Babacar Zebari. He explained that the President of the Kurdistan region Massoud Barzani and President of the Government of the Territory Nechirvan Barzani and Vice President of the Government of the Territory Qubad Talabani were greeted Abadi. According to informed sources, the Abadi will discuss three files with regional officials, which Baghdad and Erbil agreement file, and file recovery areas of control "Daash", including the liberalization of Mosul, and file displaced.

    http://translate.googleusercontent.c...mb-uXm5a28WEXg


    AND


    Abadi up Erbil and Albarzanaan Istqublana at the airport












    Author: af Editor: ap Reporter:Number of Views: 167

    04/06/2015 10:42


    Tomorrow Press / Erbil: Prime Minister arrived Haider al-Abadi, on Monday, to Erbil airport on top of a senior military delegation, as he was greeted by the President of Kurdistan, Massoud Barzani, the president of the provincial government Barzani.

    An informed source said in a press statement that "the Prime Minister Haider al-Abadi, arrived today, to Erbil International Airport, accompanied by a military delegation that included Defense Minister Khaled al-Obeidi and Interior Minister Mohammed Ghaban and ground forces commander Lt. Gen. Riyadh Jalal and army chief of staff first team Babacar Zebari."

    He explained that "the President of the Kurdistan region Massoud Barzani and President of the Region Government Nechirvan Barzani and Vice President of Government of the Territory Qubad Talabani were greeted Abadi."

    http://translate.googleusercontent.c...Gt0hYSlqayLLag

    AND


    Abadi up Erbil

    04/06/2015 10:10:00

    Arrived Prime Minister Haider al-Abadi, on Monday morning, to Erbil.
    And was greeted by Prime Minister Kurdistan Region President Massoud Barzani, the president of the provincial government Barzani and his deputy Qubad Talabani.
    He said al-Abadi's office said in a statement PUKmedia got a copy of it: that Abadi will discuss during his visit with officials in the province of Kurdistan Liberation Nineveh province, plan and coordinate with the Peshmerga forces to eliminate terrorist Daash and edit the people of Nineveh from the grip of terror gangs.
    This was the official spokesman for the Federal Bureau of Prime Minister Saad al-Sabri said PUKmedia for: "The Prime Minister will be on Monday, a visit to Arbil, accompanied by a senior government delegation, will meet President of the Kurdistan Region Masoud Barzani, and senior officials of the Kurdistan Regional Government.
    He pointed out that the newborn Abadi will discuss with President Barzani, ways of joint efforts between Erbil and Baghdad coordinate the response to terrorism, and the liberalization of areas that are still occupied by the terrorist organization Daash.

    http://translate.googleusercontent.c...xfJrkT4UuqfRwg

    AND


    Abadi up to Arbil, Barzani meets
    Date: 06/04/2015 10:11


    Information / Arbil / ..
    Arrived Prime Minister Haider al-Abadi, on Monday, to the province of Arbil, Kurdistan province and met upon arrival in the region's president, Massoud Barzani.
    An informed source told / information /, "Prime Minister Haider al-Abadi, arrived this morning, to the province of Arbil, Kurdistan province and met upon his arrival President Massoud Barzani to discuss the most prominent political and security developments in the country."
    The source added that "al-Abadi, accompanied by ministers of interior, defense and immigration, as well as National Security Adviser Faleh al-Fayad."
    The Information Office of the Prime Minister announced yesterday that the latter will go to Arbil to meet with regional president Massoud Barzani to discuss the security developments and operations editor of Mosul. Finished / 25

    http://translate.googleusercontent.c...eCYH6-CzxRXz9A

    AND

    Barzani receives Abadi at Erbil Airport



    Monday, April 6, 2015 10:11







    Alsumaria News / Erbil
    Arrived Prime Minister Haider al-Abadi , on Monday, to Erbil airport on top of senior military and government delegation, while the province of welcoming the President ofKurdistan , Massoud Barzani .

    The reporter said Alsumaria News , in Arbil, said the prime minister Haider al-Abadi, arrived this morning, to Erbil International Airport, accompanied by senior military and government delegation, most notably Defense Minister Khaled al-Obeidi and Interior Minister Mohammed Ghaban and ground forces commander Lt. Gen. Riyadh Jalal and army chief of staff first team Babacar Zebari, Minister of Displacement and Migration Jassim Mohammed.


    " style="border: 0px none; display: block; outline: 0px;">




    He explained that the President of the Kurdistan region Massoud Barzani and President of the Government of the Territory Nechirvan Barzani and Vice President of the Government of the Territory Qubad Talabani were greeted Abadi.

    The correspondent pointed out that, according to informed sources, the Abadi will discuss three files with regional officials, which Baghdad and Erbil agreement file, and file recovery areas of control "Daash" including liberalization of Mosul, and file displaced.

    He revealed the Information Office of the Prime Minister Haider al-Abadi, on Sunday (April 5, 2015), the latter's visit to the Kurdistan region today include liberalization of Nineveh plan and coordination with the Peshmerga forces to eliminate the organization "Daash."

    He revealed the Commander in Chief of the Armed Forces Haider al-Abadi, (November 30, 2014), signed an order for Dioanaa to form the leadership of operations for the Liberation of Nineveh province of organizing "Daash."



    http://translate.googleusercontent.c...SesNmoNfjgzHoA








    AND

    Minister of the Displaced: Abadi in Erbil today to discuss the oil agreement

    06/04/2015 10:02 |


    BAGHDAD / Source News / .. hopefully the arrival of the prime minister, Haider Abadi, headed by government and military delegation, to the city of Arbil, on Monday, in order to talk about the oil agreement between Erbil and Baghdad, and the issue of the restoration of Mosul and the issue of the displaced.
    The Minister of Immigration and federal displaced, Derbaz Mohammed, in a press statement that "the visit Abadi Kurdistan includes three agendas, including the problems between the Kurdistan Regional Government and the Iraqi government and the implementation of the agreement between the two sides, and the issue of fighting against Daash and restore other areas in Iraq, especially Mosul, and the third point include the issue of the displaced and how to bring them back to their areas. "
    The minister said he met with al-Abadi ahead of his visit to Arbil, one day, and talked about "how to re-displaced to the restored areas, but half of this process refined displacement, because currently displaced in other areas and are living their lives and their children in school there, and if they return to their areas will need to Services such as water, electricity, and ensure the safety of their homes and clearing improvised streets. "
    The Minister of Displacement and Migration, the Kurdistan Region won the lion's share of sheltering displaced people, at a time when withheld its share of the budget and the salaries of its employees, and the resort of many of the displaced him.
    He added, "Certainly, I've talked with Abadi, in this regard, and hit the example camps for displaced people sheltering five thousand families, and in the case of throwing each family one bag of waste it is that the lifting ?, Is not this need to balance ?, so it can not keep the situation as it is , but pointed to the financial crisis and falling oil prices in the markets, and the effects on the budget. "
    With regard to another ministry statistics of displaced Iraqis who are in the province of Kurdistan, the minister said that "there are approximately 1.00028 million people displaced in the province of Kurdistan and according to the latest statistics, has been dispersed to 26 camps, not all of them; some of them are housed in the cities," .anthy / p

    http://translate.googleusercontent.c...IZCplFpIjCGe3g

    FLASHBACK FROM LAST NIGHT RELEASE

    sczin11- LOOK WHO IS GOING TO MEET WITH KURDS TOMORROW ALONG WITH PM ABADI....WOW!!! THE ACTING GOVERNOR OF THE CBI...ALI ALAQ OR MOSHIN ISMAIL...AKA KEYWORDS!!! WHY? LOOK HOW THE GOVERNOR IS CALLED KEYWORDS THROUGHOUT MOST OF ARTICLE, AND TOWARDS THE END REFERRED TO AS ALAQ..AND AT BEGINNING PART OF HIS NAME IS MENTIONED...ARE THESE TRANSLATION ISSUES?



    Keywords: Base crowd Alonbarmoktmlh and weights cleared before Nineveh


    6/4/2015 0:00

    Edit Mosul .. Title visit Abadi to Kurdistan
    BAGHDAD - morning - Alaa al-Tai
    is scheduled to travel Dr. Haider Abadi prime minister on Monday, at the head of a senior government and military delegation to the Kurdistan region to discuss liberalization of Nineveh, plan, and coordinate with the Peshmerga forces to eliminate Daash, according to as reported by the Director of the Office of the Prime Minister, Dr. Mahdi Keywords, in an exclusive interview for the "morning." And Keywords that "the liberation of Nineveh is the headline in the Prime Minister's visit today to Arbil, to discuss the liberalization of the occupied territories," adding that "the start of military operations in Mosul and Anbar depends military leadership's decision. " Keywords and said: that the prime minister said earlier that the popular crowd and volunteer base located in Anbar but in Nineveh being prepared Ha.ufema pointed out that the start of operations in the provinces controlled by the "Daash" process under military field with the decision, likely to be a priority for Inbar to completion preparations and starting editing operations already in the vine, which is witnessing great changes and progress to military sectors, as it is not necessary to complete the editing was followed Filogh.ama on Mosul and operations edited and declare zero hour, he said, that is required by military necessity open front Mosul currently can make a decision on them, stressing that the air support and backing of the International Alliance of continuous coordination with the Iraqi government. On the training and recruitment centers, Alak said open centers volunteered and training for the people of Nineveh and Anbar to support the security forces in the battles to liberate their areas, noting that more than 5,000 volunteers involved in the training of Anbar centers to help the security forces, and Nineveh are no numbers of volunteers and wishing being trained central government welcome in this matter. On a related matter, visited the prime minister, on Sunday, the Ministry of Displacement and Migration to see how the work of the ministry and what they offer for families displaced and Almhgerh.oakd D.alebadi a meeting with the minister Jassim Mohammed and the Secretaries of State and public Muftchha, to listen to a brief explanation of the ministry's plans and programs to re-displaced to their areas and what was presented during the period Almadih.oshdd D.alebadi the need to make more efforts and provide the necessities of life to displaced families in order to return them to their areas liberated, adding that the government is very interested in this file catastrophe that befell the very large and require the combined efforts of everyone's contribution and community organizations civil and voluntary action and international support in order to help these families, rejecting any override the property of citizens and the state that is enforcing the law rather than to be taking the right force, pointing to the existence of exaggeration and amplify what happened in Tikrit, where thousands of homes and shops, calling to check the names of the displaced and put sophisticated controls and mechanisms, and the use of technology to prevent any manipulation or corruption in this file, and that money goes to the displaced and displaced actually.

    http://alsabaah.iq/ArticleShow.aspx?ID=90355



    Last edited by sczin11; 04-06-2015 at 11:10 AM.

  6. #6

    Re: The Dinar Daily, Monday April 6, 2015

    Vice: The second phase of the oil agreement between Baghdad and Erbil entered into force



    BAGHDAD / Source News / detection Musderfa KRG Monday that the second phase of the agreement between Baghdad and Erbil entered into force after the delay in the implementation of the agreement during the past three months

    The source added to the Agency / Source News / day that the provincial government will be issued for the account of Baghdad, 550 barrels of oil per day in exchange for Baghdad exchange the region's share of the budget

    To that, the head of the oil and gas committee in the House of Representatives Iariz Abdullah said the provincial government will hand over the Iraqi oil company SOMO during April and May June months full oil quota required

    Noting there would be compensation for the quantities that you can not be exported during the first phase of the completion of the agreement benefits.

    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%3D3690071&usg=ALkJrhiFHCC7IVw_mzWWkDPk0LWpQzxkEQ
    Last edited by pinkadonai1; 04-06-2015 at 11:47 AM.

  7. #7

    Re: The Dinar Daily, Monday April 6, 2015


    RE-POST FROM LATE YESTERDAY...WITH HELP FROM CHATTELS...THANK YOU!

    sczin11- IF I DIDNT KNOW BETTER, THIS ALMOST SOUNDS LIKE THE ANNOUNCEMENT WE

    HAVE BEEN WAITING FOR , FROM PRIME MINISTER ABADI, SPOKEN BY HIS DEPUTY! ...



    Araji: Iraq is suffering from a financial crisis and not economic and government is determined to facilitate investment



    History of edits:: 2015/4/5 22:47 •



    {Baghdad: Euphrates News} Deputy Prime Minister Bahaa al-Araji said that the experience of the investment were not required during the previous years level noting that "Iraq is suffering from a financial crisis, not economic, and the government is determined to facilitate the work of the investment companies in the country.


    He said al-Araji, "during a speech on Sunday, during the signing of public infrastructure of the city of the new draft Basmajh between South National Investment Commission and the Korean Hanwha Corporation ceremony" that investing experience were not required level during these years, and why was not the part of the body, the latter worked all their efforts to provide what can be provided, but the reason for the existence of the complexities in the Empty law and conditions experienced in Iraq and the region. "

    He pointed out that "the crisis has always made states, so some may refer to the crisis faced by the region, especially in connection with the decrease in oil prices as a real crisis will affect the Iraqi economy, but we say that the Iraqi economy is not affected by this and a lot From experience, although we may be in front of and not economic, and this crisis is that we think about finding alternatives financial crisis, and in the introduction of these alternatives that made the Iraqi government in its priorities is to invest, and for this we are seeking that investment does not have a slogan As in the previous stage will not be so complicated, and there is a paragraph in the general budget for this year will allow all ministries, agencies and provinces to contract with the private sector exception of laws.

    "He and two weeks ago, the
    Council of Ministers approved the important decisions pertaining to the investor,

    and especially in the field of oil and energy, such as removing the medical tests that are imposed on workers and investors and
    facilitate access {Visa} visa, as we send out the Iraqi embassies abroad to grant access to investors visa, and as well as a

    mechanism for non-disabled transactions in customs, to the end of many of the procedural matters that were hampering the

    investment process. "


    Seal and saying, "We are reviewing all investment contracts signed by the Iraqi side with the companies, and there will be an evaluation of their work and subsequently the government will provide all necessary for the sustainability of dealing with companies that will stand with Iraq in the re-construction and reconstruction process of the facilities" .anthy

    http://translate.googleusercontent.c...gIMlY3eoQmyZsQ


    AND


    Al-araji: cabinet decided to speed up the granting of visas to investors within 72 hours


    05 April 2015-16: 12
    Business & economy
    Alsumaria news/Baghdad

    Deputy Bahaa Al-araji, Prime Minister Sunday, the Council of Ministers took an important decision to speed up the granting of visas to investors to no more than 72 hours, adding that Iraq faced a financial crisis and not economic.
    Al-araji said while attending an investment contract in Baghdad attended by alsumaria news, that "the Council of Ministers adopted a package of important decisions regarding investment, especially in the field of oil and energy represented by accelerating the granting of visas to no more than 72 hours with only a brief customs procedures and facilitate the entry of articles on investment projects".
    Al-araji, said that "the crisis often contribute to the creation of States and economies, we are in Iraq today before the financial crisis rather than economic," pointing out "that called for all concerned to think about alternative economic and investment."
    And Al-araji, said that "one of the things that contributed to disable the investment process in Iraq complications occurring in investment law and circumstances that have befallen the region", adding that "crisis often contribute to creation and economics".
    The Iraqi Parliament approved in October 2006 investment law, many foreign companies remain reluctant because of fear of what it describes as the unstable security in Iraq, in addition to having some of the paragraphs are not attractive for investment despite the amendment of the law in 2010.

    http://www.microsofttranslator.com/B...%A7%D9%84%2Far

  8. #8

    Re: The Dinar Daily, Monday April 6, 2015

    sczin11- APPEARS REGURGITATED INFO HERE, FROM A FEW DAYS AGO..I COMMENTED HOW IT APPEARS THEY HAVE A SELF IMPOSED DEADLINE, TO CHANGE HCA INTO HCL, OF 6 MONTHS..... FROM WHAT DATE I ASK?

    Abdul-Mahdi: understanding the oil between Baghdad and Erbil has become a reality


    Oil Minister Adel Abdul-Mahdi, said that the understanding reached between the federal government and the Kurdistan Regional Government has become a reality, pointing out that the interests of Iraq continue to spend it and seek to develop it. Abdul-Mahdi: Iraq's interest requires it and continue to seek to develop

    He noted Abdul-Mahdi said in astatement issued by the Information Office, PUKmedia briefed on a copy of it on Monday, "We are compelled to say that we are all (government and the province) resort to solutions forced the temporary instead of permanent solutions and reassuring, indicating that the policies and statements and attitudes wrong -khalal years Almadih- led to the complexity of the relationships and concepts and overlap and the accumulation of practices and procedures and entitlements of this or that party. "

    He explained Abdul-Mahdi, said that "the most important reasons for the absence of oil and gas law, and the law of distribution of financial resources .. and that each party to provide the private Constitution interpreted .. disrupting the one hand adjustments and receivables, that is right for the region .. and prevent the other hand, entry exports the values ​​of the by the province, is the right of the Iraqi federal treasury, so without mentioning the other things. "

    And between, "and had to be quick agreement to regulate the budget 2015, the Al550 agreement thousand barrels daily average. Despite all the difficulties and disagreements, but the agreement has improved the atmosphere and meetings, and helped to overcome the budget crisis, and became a reality, and is still holding. We believe that everyone's interest to continue and develop. "

    He continued, "we have been since 2004 to allocate 17% of the budget for the Kurdistan region (after deducting what to Kuwait and the rest of the sovereign expenditure and the ruling). The region was in a self-governing since the seventies, and has since 1991 (and the withdrawal of government forces from it) and the ministries and departments quite similar to what the Federal Government .. began since the application of the "oil for food" program to receive 13% of the total imports of Iraqi oil, (not deduct them only decided what to Kuwait).

    And enjoyed according to the 2005 Constitution to establish "territory", with all its requirements of the Constitution and local government .. was to be working according to the proportion of 17% for the organization dues on the one hand, and to prevent double payments on the other. Since the province delivers the federal government part of Al550 thousand barrels only, and shall issue to his advantage the other part, was to be calculated by the percentage deducted from the 17%, from the monthly dues, fit and direct exports .. which prevents as much as possible the double payment, and puts us in the way of principle oil and gas belongs to the Iraqi people in all its regions and provinces. Despite our belief that these solutions are all temporary and compelling solutions, and to afflict some of the confusion and uncertainty. "

    And seal oil minister Speaking "It's time to do what we have stated all of us, as if approving the budget,

    we will seek within 6 months or less,

    to sit down together to develop a comprehensive, fair and constitutional solutions to this thorny issue."


    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%3D3690112&usg=ALkJrhh51KdHAexs6Nfq9aTVSLwJMK7XRA


    Last edited by sczin11; 04-06-2015 at 12:28 PM.

  9. #9

    Re: The Dinar Daily, Monday April 6, 2015

    Abdul-Mahdi review the achievements of the Ministry of Oil

    BAGHDAD - morning He regretted the criticism of the negatives and ignoring the positives Oil Minister Adel Abdul-Mahdi said the oil ministry has made ​​great achievements, including avoiding a crisis of oil derivatives, despite stopped Baiji refinery and the development of the crisis in Baghdad and Erbil solutions and increase oil production rates, indicating that the negative criticism when lag and falsification of facts or silence on the achievement lose any cash value.

    According to Abdul-Mahdi said in a statement the "morning" received a copy of it, that "cash does not mean that young people do not defamation, miscarriage or mention the negatives without mentioning the pros, Criticism is the calendar to reveal mistakes and lapses and cons, and this is not without Male pros and achievements ". He expressed the minister deeply regretted what he called" the rule of tendencies negative criticism Bmaanyh exaggeration which in most cases does not depend on the facts, or tendencies praise false praise and veneration of members and officials, "noting that" both practices Tvsdan atmosphere and Chien intellectual and cultural vulgarity, and Tkhvaan truth and Tdkhan in public opinion ideas untenable wrong and mobilization, everyone pays the price. "

    He said: "Monetary and control completely Aldharorian any democratic system, should not Athola to death at uncovering the facts to become concealed is a bonus, as always happens in authoritarian states," hitter ideals of the Ministry of Oil as are more ministries that reveal its operations and its figures, saying: "There is no doubt that we still have a lot of shortcomings that can refer to them .. There is no doubt that there is a legacy of negative must be addressed; but in return there are positive legacy should take advantage of them, positive achievements should be assessed and mentioned .. has worked tens of thousands of simpler official employee of the oldest to build this great edifice and works today, tens of thousands of the top officials to the simplest of employees and workers. "

    He asked Abdul-Mahdi, for reasons not to mention some of the efforts to prevent a crisis derivatives despite the loss. " Peggy, "and the difficulties of security, and the scarcity of money, and the circumstances of the war and needs, and the needs of millions of migrants and displaced persons, and efforts to develop the refineries working and building new refineries, and that efforts to increase production and exports, which exceeded the historical rates of any ever, and to address water pumping rates, and find immediate and local solutions to pending to accomplish the great project of sea water, or to increase the free gas and liquid production, for the first time in the history of Iraq, including may lead to stop the waste of this enormous wealth, and solve complex crisis between the province and the federal government, which has been a key factor for the adoption of the budget, and bring life to the Kirkuk fields, and increase Gross national exports, and contribute to building a much-needed national unity in the fight against Daash conditions, and what was to repay the accumulated dues to companies which are estimated at more than $ 25 billion for 2015, and the continuous expansion of energy inventories, transportation, loading, which was and is still costing us huge losses, do you see into the close Other, efforts worth charge of it in the ministry and the various sectors and companies and its departments and levels of praise and appreciation.

    "He pointed out that" without estimating these efforts and Tedeidha, it becomes mention the difficulties and shortcomings and cons personal moods, and the arguments of non-serious, rejected souls even if it included some of the facts. "

    http://www.alsabaah.iq/ArticleShow.aspx?ID=90367
    Last edited by pinkadonai1; 04-06-2015 at 11:52 AM.

  10. #10

    Re: The Dinar Daily, Monday April 6, 2015

    400 thousand dinars per month for displaced families



    Baghdad morning Isra Samurai - The Ministry of Displacement and Migration $ 400 thousand dinars per month per displaced families in the provinces of the country will be distributed through the smart card exclusively.
    ministry official source articulated in a statement to {morning »for direct ministry to issue smart cards for displaced families in all provinces of the country and through the branches of immigration, as it has been coordinating with the company (ironing Card) Global competent smart cards and local banks to cover their families.

    The source revealed the allocation of 400 000 dinars per month per family is distributed by (ironing Card) this month.

    http://www.alsabaah.iq/ArticleShow.aspx?ID=90372
    Last edited by pinkadonai1; 04-06-2015 at 11:54 AM.

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