The Dinar Daily, Tuesday April 7, 2015
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  1. #1

    The Dinar Daily, Tuesday April 7, 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
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  2. #2

    Re: The Dinar Daily, Tuesday April 7, 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 1264.760 1264.128
    British pound GBP 1735.824 1734.956
    Canadian dollar CAD 933.696 933.230
    Swiss franc CHF 1212.815 1212.208
    Swedish krona SEK 136.373 136.304
    Norwegian krone NOK 144.875 144.803
    Danish krone DKK 169.280 169.195
    Japanese yen JPY 9.752 9.748
    Special
    Drawing Rights
    SDR 1615.458 1614.650

    Indicative rates - 07.04.2015


    http://www.cbi.iq/

  3. #3

    Re: The Dinar Daily, Tuesday April 7, 2015

    Parliamentary Finance: the involvement of civil and state banks out money laundering up to $ 4 billion



    Baghdad-Iraq Press -7 April: the parliamentary finance committee revealed on Tuesday, about the involvement of government and community banks and other Arab money laundering in Iraq, while confirming that the money up to four billion dollars.

    A member of the Committee Faleh force, said that "the Iraqi economy suffered a massive smuggling operations of the funds during the past three years," noting that "there is money laundering and smuggling."

    He added that the force "smuggling and washing operations, where banks Iraqi civil unknown owner" involved, adding that "some government banks contributed to the financing of certain amounts."
    He continued that "sometimes up the value of the amounts through money laundering operations to four billion dollars in Iraqi dinars any Mikabl 5 trillion Iraqi," asking, "Who is the person who has this amount of Iraqi currency?".

    He said in effect that "some of the Iraqi government banks contributed to funding, while the civil washing and conversion process, for goods does not exist and fake invoices," pointing out that "there are banks and clear-cut, which turned her money is in Dubai and Oman, and that these banks belong to those countries."

    He explained that "the measures that have omitted money laundering Iraqi bank department did not have the required level, and did not seize any person washing despite the presence of the law defines the functions of this department," noting that "the Ministry of Finance as if a hand spectator was not effective and weatherproof washings, during the last period." .anthy (1)
    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%3D3694060&usg=ALkJrhgxWVEpIoGJkCvcGFyC6Du0lNOwgQ


    and


    The Ministry of Finance confirms its support for the process of reducing money laundering



    Information / special / .. The Ministry of Finance, on Tuesday, support the Finance Committee in Parliament to curb money laundering process, saying it will provide all required documents to the Special Committee on these issues.

    The committee member said Masood Haider told / information / "The committee and by hosting Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords decided to form a sub-committee composed of five members to follow up on money laundering, and that there are significant indications Tname in the country."

    He said Haider, "The committee will hold a meeting soon with the committees of integrity, economy, investment, and another meeting with the Presidium of the House of Representatives to follow the money that remains constant up to Alhzh laundering process."

    The Finance Committee has hosted, yesterday, Finance Minister Hoshyar Zebari and the Governor of the Central Bank, to discuss the issue of money laundering, and try to find solutions to eliminate them.


    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%3D3694104&usg=ALkJrhjrfW5x_vmZH45CdD0rWrJKvM13Ew







    Last edited by pinkadonai1; 04-07-2015 at 11:38 AM.

  4. #4

    Re: The Dinar Daily, Tuesday April 7, 2015

    Shawki: National Guard Act will be decided soon



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the Parliamentary Legal Committee Shawki Salim said that the National Guard will begin soon Act by the House of Representatives.


    He Shawki's (IMN), that "the law will give the Prime Minister the power to nominate three people according to the law and raising them to parliament for a vote on one person be the leader of the guards, and administrative matters will be exclusively federal."

    The National Guard is prescribed law for the formation of a local regular military forces in each province from the province itself only, so as to ensure true representation of the people of all the ingredients, according to the proportion of real representation in the same province.

    From: Qusay al-Asadi, the Open: Laith Mohammed Reza

    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%3D3693978&usg=ALkJrhguY_MzyiXr9zwx908d9tVS5auYXw
    Last edited by pinkadonai1; 04-07-2015 at 11:40 AM.

  5. #5

    Re: The Dinar Daily, Tuesday April 7, 2015

    Global companies pouring into Iraq in search of reconstruction project

    s


    Orbit - Many global companies have begun to flow to Iraq in search of a win contracts for reconstruction projects, has signed a national body of the Iraqi Investment, signed a contract with South Korea's Hanwha Corporation for the implementation of infrastructure projects to complex Basmajh residential southeast of Baghdad at an estimated cost of about $ 2 billion, that the projects completed during the the next five years.

    Basmajh city located to the south-east of the capital, Baghdad, about 10 km from the city limits on the link between Baghdad and Kut road, says the Iraqi Investment Authority, it will create a second highway linking the new city of Baghdad city center to provide all the services. And Iraq had signed in May 2012, the final contract with South Korea's Hanwha Corporation for the construction of residential complex Basmajh by 100 thousand housing units at a cost of $ 7 billion in the project plans for the construction of one million housing units across the country to reduce the housing crisis.

    Said Sami al-Araji, head of the investment on the sidelines of signing the contract in Baghdad that "the Commission has resorted to signing a contract with the Korean infrastructure projects after the company that the relevant ministries unable to implement the project after it was referred in 2012".

    "The signing of the contract infrastructure with the South Korean company Hanwha complex Basmajh residential project is the most important phases of the project."

    He stressed that "Hanwha Corporation will implement 16 infrastructure project, involving 15 health clinics and a hospital with a capacity of 400 beds and 300 schools, starting from the nursery and ends to the secondary, and police stations and civil defense and sports forums and Recreational Centers, in addition to the services the main, a water and sanitation, electricity, gas and telecommunications."

    The Wasit province has signed last week, signed a contract with a French company to create four bridges over the Tigris River in a manner payment on credit.

    Taha said Rudaini media director to maintain the governor of Wasit owner Saidi signed a contract with French director Philippe Mater Mater company to create four new bridges on the Tigris River, 0.3 of them in the district of Kut center and a bridge in the Fourth Azizia spend north of Kut.

    He added that in the case of bridges will be completed to ease traffic congestion in the city.

    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%3D3693869&usg=ALkJrhjnva1EIZBP-4gXK2GfY9yX5yqkyw

    Last edited by pinkadonai1; 04-07-2015 at 11:41 AM.

  6. #6

    Re: The Dinar Daily, Tuesday April 7, 2015

    Conscious / smart card rates for more than 500 families displaced northeast of Baquba



    Conscious / death / N.kh Announced the Diyala provincial council member Najat al-Tai, on Tuesday, the start of the smart card exchange for more than 500 displaced families in the north-east of Baquba camp operation.
    She said al-Tai's (news agency, media / INA) that "an ad hoc committee of the Department of Immigration and Displacement in Diyala began the Smart Card Exchange rates for more than 500 displaced families in the camp Saad camp for displaced people 5 km northeast of Baquba, after the completion of the administrative and legal proceedings and the receipt of the official archives."

    Tai added that "smart card exchange came to organize the mechanics of the financial grant approved by the central government in order to improve their living conditions distribution."

    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%3D3694129&usg=ALkJrhhx_F-IBCS7NKcLFTdzUCKOTbfTiA
    Last edited by pinkadonai1; 04-07-2015 at 11:44 AM.

  7. #7

    Re: The Dinar Daily, Tuesday April 7, 2015

    Jubouri: Associate accuse conservative current and former Deputy Governor and systematic corruption and financing



    MP from the Union of Iraqi forces Mishan al-Jubouri said that "a member of the Board of Salahuddin province, currently Associate former governor and champion of systematic corruption and one of the financiers of terrorism Aldaasha than steal it or any other named Ahmed Nazim al-Azzawi seeks the complicity of Associate current governor Said, Sultan al-Jubouri, and with the support and partnership of some members of the and members of the provincial council and the pressure of one Minister of the Federal government to pass the budget to maintain contrary to what passed the House of Representatives al-Jubouri said in a publication on the social networking site "Facebook" seen by "agency Sama Baghdad news" Jubouri also seek to exchange instruments signed by the former governor of tens of billions of dollars to contractors specialized projects Phantom He Jubouri "

    These also are extorting some of the provincial council other members who were formerly pass suspicious transactions compared to what they get from the gifts of a senior official in the federal government is now when he was first in charge of the local authority to maintain the then noted that" the gang of corruption and destruction of the province did not ashamed or feel guilty when made them Sergathm subject of terrorism and pay him his share, which steal what led to the exacerbation of terrorism in the province and its dominance by and between "But I Aahd people of the province I and brothers others, including MP Abdul Kahar Samurai are determined to address them and prevent them from passing the plot at all costs it is hoping to staff, engineers and members of the provincial council, not wanting to get involved with corruption communicate with us and provide us with the documents and let us know what was being done to protect the rights of corrupt people



    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%3D3694199&usg=ALkJrhgIlE5gi8QTkEQJ-LiZOuzTLk90IQ
    Last edited by pinkadonai1; 04-07-2015 at 11:46 AM.

  8. #8

    Re: The Dinar Daily, Tuesday April 7, 2015

    sczin11- ON YOUR MARKS, GET READY, SET...DINAR GLASSES ON! REMEMBER, A FEW MONTHS BACK, MAYBE BEGINNING OF THE YEAR, RELEASES COMING OUT, WITH THREATENING INFORMATION ABOUT MANY FORMER/CURRENT MALIKI SUPPORTERS? REMEMBER, I THINK CHALIBI, WAS QUOTED AS STATING THAT THE ACTING GOVERNOR OF THE CBI, HAD MANAGED TO EMPLOY HIS DAUGHTER, USING FORGED CERTIFICATES/DIPLOMAS? I BELIEVE IT EVEN SUGGESTED KEYWORDS HIMSELF, WAS HOLDING FORGED CERTIFICATES AS WELL... AND THEN WE READ, THAT BIG NAMES WERE GOING TO BE ANNOUNCED/REVEALED SHORTLY, AS BEING INVESTIGATED BY THE INTEGRITY COMMITTEE/JUDICIARY COURT SYSTEM... BUT, AS IS CUSTOMARY WITH THE NEWS RELEASES AND RHETORIC FROM IRAQ, DAYS, WEEKS, MONTHS HAVE PASSED, AND THE STORY/NEWS DISSIPATES... CHARGES WRITTEN UP AGAINST MALIKI, AND SUBMITTED SIMILAR TO OUR GRAND JURY SYSTEM, AND NOTHING FOR LONG PERIODS OF TIME.. MAHMOOD TOO OLD...MAHMOOD WILL BE FIRST TO BE INVESTIGATED...MALIKIS SON WILL BE BROUGHT IN...AND ON AND ON...

    EVERYTHING COMES FULL CIRCLE...LOOK AT THIS RELEASE.............. COULD THIS BE THE START? COULD THIS BE WHAT WAS SUGGESTED OVER 3 MONTHS AGO?

    AGAIN, WE REPORT, WE OPINE, YOU DECIDE!



    Parliamentary Education opens forged certificates files end of this month




    Tomorrow Press / Baghdad announced the Education Committee in Parliament, on Tuesday, it will work to open fraudulent certificates files end of this month, pointing out that there is a program to investigate fraudulent certificates in all state institutions.

    Said committee member Khadija Valley for "tomorrow Press", "The Commission has a lot of reports and files corrupt in the education sector, including the fraudulent certificates Files", indicating that "the Commission will open the certificates the end of this month file in coordination with the Ministries of Education and Higher Education."

    She added that "the members of the Parliamentary Education are conducting contacts with government institutions for the purpose of detecting the number of fraudulent certificates."

    The speaker of the House of Representatives last week, Salim al "all members of the House of Representatives to disclose their testimony the school.


    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%3D3694194&usg=ALkJrhjU3BpH7ZAo-7Snr7HhhAO4F28UMg
    Last edited by pinkadonai1; 04-07-2015 at 11:48 AM.

  9. #9

    Re: The Dinar Daily, Tuesday April 7, 2015

    Abadi visit America next week



    Roudao - Erbil Media spokesman confirmed the Prime Minister's Office tributary Jabouri, to visit Abadi, a senior US delegation next week to discuss several files.

    He said Jabouri that "Abadi will pay an official visit to the United States, where he will meet Alomerreqi President Barack Obama and a number of administration officials to discuss the development of relations between the two countries in various fields, as well as joint efforts to counter terrorism, and cooperation in the military and security fields and to provide support and reinforcement of troops Iraq in its war against Daash. "

    He pointed out that "The visit also includes research progress of Iraqi forces under the cooperation of citizens and members of tribes with the Iraqi army and popular crowd, which includes volunteers from the various provinces, as well as a review of the successes in Iraq and the Iraqi government's efforts in the areas of political, economic and security reform, and discuss the situation in the region. "

    It is said that Prime Minister Haider al-Abadi had arrived on Monday, to Arbil and was greeted by all of the region's president, Massoud Barzani and head of the provincial government Nechirvan Barzani.

    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%3D3694178&usg=ALkJrhg0_rTJK4R9iQUMT0CXlX3J6m7Biw


    Last edited by pinkadonai1; 04-07-2015 at 11:50 AM.

  10. #10

    Re: The Dinar Daily, Tuesday April 7, 2015

    "Arabian Monetary" signed a memorandum of understanding with the "Islamic Development" to support the economies of the Arab countries


    Information / Baghdad / ..Arab Monetary Fund and the Islamic Development Bank signed on Tuesday a memorandum of understanding aimed at supporting the economies of the Arab countries in various fields and activities.

    The note, which was signed on the sidelines of the annual meeting of the institutions of joint Arab financial institutions and the Council of Arab finance ministers, which opened today in Kuwait, providing technical advice to Member States in areas of common interest, particularly in the financial and banking sectors, and also aims note to the development of Islamic finance tools .

    The note also contains coordination efforts between the two institutions to improve statistical systems, and the provision of economic and financial statistics reliable.

    The two institutions will work according to the memorandum, to promote the exchange of information and consultation on various issues of economic, financial, trade and investment policies. Finished / 2

    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%3D3694149&usg=ALkJrhiceyUzeI-3zBrw5Nqud34nUCrhfw
    Last edited by pinkadonai1; 04-07-2015 at 11:52 AM.

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