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  1. #11

    Re: The Dinar Daily, Monday April 6, 2015

    ​sczin11- NOTE: SIMILAR STORY AS RECENT RELEASES, HOWEVER, NOW TRANSLATION STATES... "LIMIT THE DECLINE.."

    Iraqi gold on the rise and financial parliamentary outweigh the stability of the dinar soon




    BAGHDAD - Iraq Press - April 6: Well-informed sources reported that the price of Iraqi gold rose, on Monday, to 196 000 dinars per weight difference of 1397 dinars on Sunday, noting that "the price of 21 carat gold, arrived today to 196 165 dinars after record day Yesterday 194 768 dinars lead up to 1397 dinars per Almthagal note that equals five grams of gold. "

    Separately, the parliamentary finance committee suggested, on Monday, the stability of the Iraqi dinar exchange rate against the US dollar over the next few days, attributed the fluctuation of the value of the national currency to the Central Bank procedures and speculations of some companies in the market. "

    The Commission noted that it "hosted Governor of the Central Bank, on the Keywords and discussed with him the reasons for the low exchange rate of the dinar against the dollar, which in turn promised to take the new mechanisms to limit the decline of the dinar exchange rate against the dollar," he described. Admiral ended

    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%3D3690692&usg=ALkJrhicdXdjpQDIdQfyTv34oxrZ-bxmLw


    Last edited by pinkadonai1; 04-06-2015 at 10:55 AM.



  2. #12

    Re: The Dinar Daily, Monday April 6, 2015

    Abadi in Kurdistan to prepare for the liberalization of Nineveh

    BAGHDAD - morning - Alaa al-Tai head Dr. Haider Abadi, the 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, while likely his chief Dr. Mahdi Keywords, starting edit Anbar first operations of the completion of the security forces bases and the crowd popular there.

    He Keywords in his speech for the {morning}, that «Liberation Nineveh is the title of President of the Prime Minister's visit today to Arbil, as well as a discussion on the liberalization of the occupied territories», as pointed that «the start of military operations in Mosul and Anbar is subject to military decision Leadership», noted that the popular crowd and volunteer base exists and is ready in Anbar but in Nineveh being prepared her.

    He Keywords that starting operations in the provinces controlled by «Daash» process is subject to military decision The field, likely to be a priority for Inbar of the completion of the preparations and the start of editing operations already in the vine, which is witnessing great changes and progress of military cuts, was followed Fallujah.

    He Keywords that there are more than 5,000 volunteers from the sons of the tribes involved in in Anbar training centers to provide assistance to security forces Cleanse Anbar.obashon Mosul operations, Alak said: «military necessity Mosul currently open front can be required decision», stressing that the air support and backing is ongoing by the international coalition in coordination with the Iraqi government.

    https://www.alsabaah.iq/ArticleShow.aspx?ID=90376

    and


    Iraqi Prime Minister Abadi arrives in Erbil
    By RUDAW

    ERBIL, Kurdistan Region- For the first time since taking office in September, Iraqi Prime Minister Haidar al-Abadi has traveled to Erbil, capital of the Kurdistan region, for talks with President Masoud Barzani and other officials.

    Barzani personally welcomed Abadi at Erbil International Airport on Monday. The delegation from Baghdad includes Khaled al-Obeidi, Iraqi defense minister, and several Iraqi military commanders.

    According to the prime minister’s media office, the visit will focus on Erbil-Baghdad relations, refugee issues in the Kurdistan region, and the military campaigns to retake ISIS-held areas, including Mosul.

    https://rudaw.net/english/kurdistan/06042015
    Last edited by chattels; 04-06-2015 at 12:03 PM.

  3. #13

    Re: The Dinar Daily, Monday April 6, 2015

    House of Representatives held its presence Jubouri and 200 Deputy




    Iraqi Council of Representatives - Roudao - Erbil The Council of Representatives, on Monday, the 27th, headed by its president, Salim al in the presence of 200 deputies, where he is scheduled to read and vote on a number of bills, including a draft law on political parties.

    A statement of the Council and seen by Roudao Media Network that will be read a number of draft laws include reading, where the Human Rights Commission report on the work of the Committee and vote on the draft law of the Fifth Amendment to the maintenance of the irrigation and drainage networks of law. "

    The statement added that he "will vote on the draft law amending the law of justice charges and the first reading of the draft accession of the Republic of Iraq to the promotion and protection agreement and guarantee investments between the member states of the Organization of Islamic Cooperation."

    The statement continued, "It also includes the first reading of a bill to cancel the Revolutionary Command Council resolutions Act (dissolved)
    And the second reading of the bill to ratify the creation of the Council of Ministers of trade between the Government of the Republic of Iraq and the Government of the United Kingdom and Northern Ireland Convention on the Law "as well as" the second reading of the bill on political parties. "

    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%3D3690568&usg=ALkJrhhc9HH8c6TJSXqWXCrxy9rWY26XAg


    Last edited by pinkadonai1; 04-06-2015 at 11:27 AM.

  4. #14

    Re: The Dinar Daily, Monday April 6, 2015

    Barzani and Abadi hold a bilateral meeting

    Roudao - Erbil -
    The first meeting of the delegation of the Iraqi government, headed by Haider Abadi, Iraq's prime minister, and a delegation headed by the province of Kurdistan, Massoud Barzani, president of the Kurdistan Region, in the city of Arbil over.

    He Roudao network media correspondent, said the meeting was held at the President of the Kurdistan Regional Government, Barzani's private office, then a bilateral meeting between Abadi and Barzani, noting that the meeting themes included the issue of restoration of Mosul, it was decided to form an operations room in the city of Arbil to restore Mosul.


    Roudao network correspondent added that Abadi arrived in Arbil, a civilian plane, pointing out that the visit lasts for one day.

    Arrived Abadi city of Arbil today, and was accompanied by Iraqi Defense Minister Khaled al-Obeidi, Interior Minister Mohammed Ghaban, and Minister of Displacement and Migration Derbaz Mohammed, and National Security Adviser Faleh al-Fayad, and were met in Erbil International Airport Kurdistan Region President Massoud Barzani, the president of the Kurdistan Regional Government Nechirvan Barzani , and his deputy, Qubad Talabani, and a number of officials in the province of Kurdistan.

    The Minister of Displacement and Migration, Derbaz Mohammed, said the network Roudao The visit Abadi Kurdistan includes three agendas, are "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 IDPs and how to bring them back to their areas.

    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%3D3690572&usg=ALkJrhiHzTr-4lgYQit3VZYGbteUVJCgJQ
    Last edited by pinkadonai1; 04-06-2015 at 11:30 AM.

  5. #15

    Re: The Dinar Daily, Monday April 6, 2015

    Five-year plan is consistent with the strategy of the private sector


    BAGHDAD - Hussein al-Tamimi Tgb Alnasiri calls for an active role of banks in the development of which
    constitutes the Iraqi banking sector Episode key to manage the economic process and including the Central Bank of Iraq is responsible for the supervision and control of the banking sector is the monetary and financial adviser to the Government and is responsible primarily the basis for financial support efficient and transparent sector contribute to sustainable development and the welfare of the community, it also went on to contribute to building a strategy for the next five years in line with the government program and Article 25 of the Constitution and strategic private sector development for the years (2014-2030).

    banking expert Samir Nasiri said that the role and contribution of the banking sector in GDP is limited not Atadian 8 percent which is very low compared with neighboring countries, pointing to a decline in the overall credit rate, which reached 15 percent of GDP, compared with 55 percent for all the Middle East and North African countries.

    plan for five years and pointed out in an interview for " morning "that the need is necessary for the central bank to re-examine and analyze the current situation of the Iraqi economy and the role of government and private banks in the economic development and investment and challenges over the past years and reach a building plan for the next five years in line with the government program and Article 25 of the Constitution and the strategic development of the sector Special for the years (2014-2030).

    He pointed out that this requires to be at the Central Bank of Iraq is clear and analytical worries and problems and obstacles faced by the Iraqi banking sector and in particular the private banking sector image. Alnasiri suggested that the strategy of the Central Bank of Iraq for the next phase include programs and plans to move the banking work from the role of banking to the developmental role, and re-drafting and amending legislative environment laws governing the banking business and in particular to address the challenges faced by the banks on the subject of making investment with a focus on the central bank laws (56 of 2004, banks 94 for the year 2004 and the issuance of Islamic banking law and the issuance of the Deposit Insurance Act and the financing of small and medium enterprises). government program and explained the importance of laying the groundwork and mechanisms and regulations to combat money laundering and support of investment funds and financing large projects, as well as to activate what came paragraphs government program, particularly in regards to the activation of lending between the central bank and inter-bank market as well as between banks, and activating the role of the reserve compulsory basic tool for liquidity management.

    New model -Nasiri said that the coordination between fiscal and monetary policies in accordance with the specific contexts and mechanisms is important, and that is the central desired ones goal is to build a new model of the national economy, and to contribute with the government as a financial advisor and cash in transition from a rentier economy to a multi-resource economy and the re-distribution of national income, according to the directives of the market economy, and to be the adoption of a new monetary policy and financial lead to comprehensive reform and restructuring of the banking and financial sector of Iraq with an emphasis on restructuring the government banking sector, according to the false note, signed with the World Bank and support for the private banking sector and strengthening of the existing potentials for that without a sound banking sector can not build a sound national economy. concessional loans and continued, saying: You must activate the role of government banks, specialized banks and private banks to provide soft loans national private as well as finding solutions to the problems of tax accrued benefits resulting from the solutions to the sector the owners of the stalled production projects and the development of short and medium-term fiscal policy.

    Bank financing and explained Alnasiri The current private bank financing structure mired with many failures and obstacles, and in order to increase the credit product and funding from private banks and activate their contribution to various aspects of the reconstruction investment, and push the development process, and move the session economic conditions in Iraq, we see serious as an essential step to begin to maximize the financing of small and medium-sized private enterprises, as an objective social and economic a special urgency, develop and encourage the financing of small and medium enterprises priority.

    Small businesses and said that the activation of the role of government in building a strategy for the development of small and medium enterprises is the most important elements of success where the government that has the financial possibilities in yield economy in which the private sector weakens to a large degree and can not promote this sector without having a plan for the development of this sector and build a clear and declared mechanisms in which the private sector to actively participate so that they can be transformed from a small follow the government sector to partner Chairman and then to the commander in investment and construction operations.

    https://www.alsabaah.iq/ArticleShow.aspx?ID=90350
    Last edited by pinkadonai1; 04-06-2015 at 11:54 AM.

  6. #16

    Re: The Dinar Daily, Monday April 6, 2015

    Abadi from Arbil: We wish for prosperity in the Kurdistan region of Iraq where there is no conflict


    Khandan - The Iraqi prime minister Haider al-Abadi, the absence of the roof of the limits of coordination with the Kurdistan region, as wished for prosperity within the Kurdistan region of Iraq where there is no conflict and rivalry.

    To be continued .

    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%3D3690839&usg=ALkJrhiVZdNYLcUNzZxKMI7ERjQXDULvAA


    AND

    Abadi: We wish prosperity to the Kurdistan Region


    Part of the meeting

    The head of the Federal Minister Haider al-Abadi, the common concern to Baghdad and Erbil is to eliminate the terrorist organization Daash.

    A statement by the Prime Minister's Office, said Abadi held a meeting with the President of the Kurdistan region, Massoud Barzani, and a number of officials in the region, noting that al-Abadi said during the meeting, said that "what has been achieved in Tikrit Nasr clean and that the enemies of Iraq tried to distort this victory and dramatize incidents is here or there to influence the emotions of Iraqis, which supports our military forces liberated the cities occupied by Daash terrorist gangs, "and expressed confidence in the" to achieve a military victory in Nineveh and we need to plan for the operations of editing and post-editing. "

    Ebadi said during the meeting, "We wish for prosperity within the Kurdistan Region of Iraq where there is no conflict and rivalry, confirming the absence of the roof of the limits of coordination with the province, and that the common concern is the elimination of Daash that threatens our security and regional and international security.

    He Abadi: "If liberated Nineveh stabilized Iraq and also contributed to all of Iraq's liberation of Tikrit will contribute to the liberalization of Nineveh," stressing the need for the participation of the people of Nineveh to edit, calling to prepare and get ready for re-displaced people to their areas and restore services and raise containers planted Daash in areas that were under their control. " .

    For his part, President Barzani expressed his pleasure to visit al-Abadi, said that the visit comes at a time when we need to coordinate after exposure to Iraq's fiercest terrorist attack of Daash, stressing full readiness and put all the potential of the region at the disposal of the federal government.

    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%3D3690904&usg=ALkJrhjmfEcQ9WUtyTE8ZVr0pC2PMhRebg

    Last edited by pinkadonai1; 04-06-2015 at 12:06 PM.

  7. #17

    Re: The Dinar Daily, Monday April 6, 2015

    Economists Basra

    BAGHDAD - Farah pumice Iraqi economists Association Basra branch opened its new headquarters after reconstruction through investment, to be the center of activities to attract and activate meetings between specialists.
    Vice President of the Assembly on behalf of Jamil said "morning" The ceremonial opening was held under the auspices of the Chairman of the economy and investment in Basra province, Aqil al-Khalidi, in the presence of President of the Assembly Branch Ali Alaill, and a group of economists and academics, congratulating Assembly branch opening of the new headquarters, adding beautiful that Khalidi has praised Branch role in supplying the conservative economic studies and visions actors in attracting investment to the province, also called for the exercise of their role (Assembly branch) with the competent authorities in the Basra Governorate Council committees.

    https://www.alsabaah.iq/ArticleShow.aspx?ID=90351
    Last edited by pinkadonai1; 04-06-2015 at 02:39 PM.

  8. #18

    Re: The Dinar Daily, Monday April 6, 2015

    The meeting's agenda No. (27) Monday 6 April 2015

    April 6, 2015
    Third parliamentary session
    legislative year for the first
    legislative chapter II


    First, read verses from the Koran.

    Second: The report of the Commission on Human Rights on the work of the Commission.

    Third: The vote on the draft law of the Fifth Amendment to the maintenance of law and drainage number of irrigation systems (12) for the year 1995. ( Committee on Agriculture and Water and marshes), (2 items).

    Fourth: The vote on the draft law amending the judicial fees Law No. (114) for the year 1981 ( the Finance Committee , the Legal Committee ). (Article 31).

    Fifth: The first reading of the draft accession of the Republic of Iraq to the promotion and protection agreement and guarantee investments between the member states of the Organization of Islamic Cooperation. ( Committee on Foreign Relations , the Committee on Economy and Investment ), (2 items).

    Sixth: The first reading of a bill to cancel the Revolutionary Command Council resolutions Act (dissolved) numbered (116) for the year 2002 and (11) for the year 2003 and (26) for the year 2003 and (94) for the year 2002 and (40) for the year 2002. ( Legal Committee ), (Article 2).

    Seventh: The second reading of the bill to ratify the creation of the Council of Ministers of trade between the Government of the Republic of Iraq and the Government of the United Kingdom and Northern Ireland Convention on the Law. ( Foreign Relations Committee ), (2 items).

    Eighth: The second reading of the bill on political parties. ( Commission of civil society institutions , the Legal Committee ). (Article 69).

    Session begins at: eleven am

    https://parliament.iq/
    Last edited by pinkadonai1; 04-06-2015 at 02:39 PM.

  9. #19

    Re: The Dinar Daily, Monday April 6, 2015

    The hidden hand behind the Islamic State militants? Saddam Hussein’s.



    CONFRONTING THE ‘CALIPHATE’
    This is part of an occasional series about the militant group Islamic State and its violent collision with the United States and others intent on halting the group’s rapid rise.

    By Liz Sly April 4

    Iraqi President Saddam Hussein, center, chairs a joint meeting of the Revolutionary Command Council and the regional command of the ruling Baath Party on Oct. 31, 1998. (Reuters)

    SANLIURFA, Turkey — When Abu Hamza, a former Syrian rebel, agreed to join the Islamic State, he did so assuming he would become a part of the group’s promised Islamist utopia, which has lured foreign jihadists from around the globe.

    Instead, he found himself being supervised by an Iraqi emir and receiving orders from shadowy Iraqis who moved in and out of the battlefield in Syria. When Abu Hamza disagreed with fellow commanders at an Islamic State meeting last year, he said, he was placed under arrest on the orders of a masked Iraqi man who had sat silently through the proceedings, listening and taking notes.

    Abu Hamza, who became the group’s ruler in a small community in Syria, never discovered the Iraqis’ real identities, which were cloaked by code names or simply not revealed. All of the men, however, were former Iraqi officers who had served under Saddam Hussein, including the masked man, who had once worked for an Iraqi intelligence agency and now belonged to the Islamic State’s own shadowy security service, he said.

    His account, and those of others who have lived with or fought against the Islamic State over the past two years, underscore the pervasive role played by members of Iraq’s former Baathist army in an organization more typically associated with flamboyant foreign jihadists and the gruesome videos in which they star.

    Even with the influx of thousands of foreign fighters, almost all of the leaders of the Islamic State are former Iraqi officers, including the members of its shadowy military and security committees, and the majority of its emirs and princes, according to Iraqis, Syrians and analysts who study the group.

    They have brought to the organization the military expertise and some of the agendas of the former Baathists, as well as the smuggling networks developed to avoid sanctions in the 1990s and which now facilitate the Islamic State’s illicit oil trading.



    Read the rest of the article here:
    https://www.washingtonpost.com/world/...wpmk=MK0000202
    Last edited by donnie; 04-06-2015 at 11:29 AM.

  10. #20

    Re: The Dinar Daily, Monday April 6, 2015

    Iceland looks at ending boom and bust with radical money plan



    Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank. A bank customer holds a handful of Icelandic crowns from an ATM as Icelanders face the possibility of the island's economy running into bankruptcy on October 8, 2008 in downtown Reykavik, Iceland

    In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money Photo: Getty Images
    By AFP8:18PM BST 31 Mar 2015Comments327 Comments

    Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.

    The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".

    "The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.
    The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

    According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".
    Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.

    ... See the actual article for the inserted document ...

    Frosti Sigurjonsson's report, entitled A Better Monetary System For Iceland

    He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions.

    In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit.
    The central bank can only try to influence the money supply with its monetary policy tools.

    Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money.

    "Crucially, the power to create money is kept separate from the power to decide how that new money is used," Mr Sigurjonsson wrote in the proposal.
    "As with the state budget, the parliament will debate the government's proposal for allocation of new money," he wrote.



    Iceland's three largest banks collapsed - Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.

    Mr Sigurjonsson, a businessman and economist, was one of the masterminds behind Iceland's household debt relief programme launched in May 2014 and aimed at helping the many Icelanders whose finances were strangled by inflation-indexed mortgages signed before the 2008 financial crisis.

    The small Nordic country was hit hard as the crash of US investment bank Lehman Brothers caused the collapse of its three largest banks.

    Iceland then became the first western European nation in 25 years to appeal to the International Monetary Fund to save its battered economy.
    Its GDP fell by 5.1pc in 2009 and 3.1pc in 2010 before it started rising again.

    https://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-ending-boom-and-bust-with-radical-money-plan.html
    Last edited by pinkadonai1; 04-06-2015 at 02:43 PM.

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