The Dinar Daily, Saturday April 11, 2015
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  1. #1

    The Dinar Daily, Saturday April 11, 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


    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 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
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________


    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″..

    __________________________________________________ ______________


    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


    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.


    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.


    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.

    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,

  2. #2

    Re: The Dinar Daily, Saturday April 11, 2015




    US dollar USD 1166.000 1164.000
    Euro EUR 1266.509 1265.876
    British pound GBP 1742.354 1741.483
    Canadian dollar CAD 932.203 931.737
    Swiss franc CHF 1214.077 1213.470
    Swedish krona SEK 134.932 134.864
    Norwegian krone NOK 145.969 145.896
    Danish krone DKK 169.506 169.422
    Japanese yen JPY 9.700 9.696
    Drawing Rights
    SDR 1617.090 1616.282
    Indicative rates - 09.04.2015

  3. #3

    Re: The Dinar Daily, Saturday April 11, 2015

    Adoption of the IMF and the World Bank strongly Asian Investment Bank
    Adoption of the IMF and the World Bank strongly Asian Investment Bank

    11-04-2015 11:22 AMFree -

    Welcomed the Bank and the International Monetary Fund, who dominated by the United States, the establishment of the Asian investment bank, led by China, in a move described by observers as the adoption of the unbridled force of the new bank, which plans to start its activities by the end of this year.
    Washington fears that the Asian new bank turns into a strong competitor threatens its dominance of the global financial system, but they are subject to the inevitable after the Chinese initiative turned create a new global bank, the fact can not be ignored to the United States.

    Said World Bank President Jim Yong Kim, "we are witnessing the emergence of Asian Investment Bank, who led China a new and important development institution is, and asked more than 50 countries to join him, and now has an appropriate environment and labor standards and procurement."

    "The Asian Investment Bank and the Bank of the new development which was established by the BRICs, will be a huge new force for economic development in poor countries and emerging markets." Said Christine Lagarde Director of the International Monetary Fund, for its part, "The ADB to invest in infrastructure, a great initiative," adding that it should be for America to ratify the quota reforms at the International Monetary Fund to maintain its leadership of the world.

    Lagarde urged the need to prevent new growth typical shift to a new reality, and called for investment in infrastructure and trade reform
    And warned that the typical economic growth may become the "new reality" which could leave millions without jobs and increases the risks to global financial stability.

    Lagarde urged the need to prevent new growth typical shift to a new reality, and called for investment in infrastructure and trade reform.

    She continued, "Given the continuing impact of the recession on the big people, the growth is not good enough, while there is still a need for concessional monetary policies, especially in the euro area and Japan."

    He also warned Lagarde of the potential negative impact of the sharp rise in the value of the US dollar over the past six months, with the willingness of the Federal Reserve to raise interest rates, while other central banks remain unable to take this step.

    She said that some of the companies in emerging markets are particularly susceptible to damage because they are dealing with a high dollar and low prices for commodities and higher borrowing costs.


  4. #4

    Re: The Dinar Daily, Saturday April 11, 2015

    Abadi, head Monday to Washington at the head of a senior delegation

    • Agency eighth day
    • April 11, 2015, 11:23

    BAGHDAD - ((eighth day))
    Information Office of the Prime Minister Haider al-Abadi, Saturday, announced that the Prime Minister will travel on Monday to Washington at the head of a senior government delegation at the invitation of US President Barack Obama, noting that al-Abadi will discuss in Washington, coordination and cooperation between Iraq and the United States in the war on "terrorism."
    He said the office's spokesman Sabri Saad "Prime Minister Haider al-Abadi will travel on Monday to Washington on an official visit at the head of a senior government delegation," noting that "the visit comes at the invitation of US President Barack Obama."
    Sabri added that "al-Abadi will meet US President Barack Obama and other senior officials to discuss bilateral relations between the two countries and their coordination and cooperation in the war on terrorism and developments in the security and political situation in Iraq and the region."


  5. #5

    Re: The Dinar Daily, Saturday April 11, 2015


    Iraqi central government allowed banks to open outlets to sell the dollar to stop the decline of the dinar

    11-04-2015 11:23 AM

    The CBI has decided to take action to stop the decline of the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in the Auction of foreign exchange, and open ports to sell the dollar in a number of government banks.
    He explained that the government decided to allow banks, Rafidain and Rasheed and Iraqi trade, open outlets to sell the dollar for companies and small importers.

    And the decline of the Iraqi dinar exchange rate against the US dollar in the local foreign exchange market, bringing this week to its lowest level in almost two years at 1350 dinars to the dollar, a decline of 5.5 percent from the end of last year, while the levels of around 1,200 dinars to the dollar.

    The reduction of the Iraqi Central Bank to cap sales of the dollar in auctions held by the day to sell the dollar to the exchange companies and commercial banks of $ 250 million a day in the past to $ 75 million a day in the current year, to the scarcity of supply, which led to a rise in the dollar against the Iraqi dinar .

    The bank was forced to reduce the daily sales of foreign exchange, due to the financial crisis faced by Iraq, because of the loss of oil prices about half of its value since the middle of last year. Iraq relies on the sale of oil revenues to fund 95 percent of government expenditures.


  6. #6

    Re: The Dinar Daily, Saturday April 11, 2015



    Abadi pledges before the removal of references Najaf al-Maliki from political life completely. "

    • Agency eighth day
    • April 11, 2015, 11:18

    BAGHDAD - ((eighth day))
    The Iraqi prime minister Haider al-Abadi said Dawa Party, is taking tough decisions in the coming days.

    Ebadi said during a meeting with religious references in Najaf yesterday, that the position of vice president of government will be the

    last post for the march of Mr. Nouri al-Maliki's political source facilities

    , according to him.

    The source added that al-Abadi vowed to keep the al-Maliki of the political map came after a claim religious authority in Najaf, the need to keep the symbols of corruption in the Iraqi government who have caused heavy losses to the Iraqi people can not compensate, warning him at the same time of the former prime minister's approach to the State Administration of behavior.
    The source noted that the next conference of the Islamic Dawa Party, will change "at the level of the pyramid of leadership will affect the current Secretary General, Mr. Nuri al-Maliki.
    This presents the Vice President of the Republic current secretary of the Islamic Dawa Party Nuri al-Maliki for the position of embarrassing the first on Thursday, when he was ignored by the leaders and members of his party, not given the opportunity to speak at the central celebration, hosted by the Dawa Party in the 35th anniversary of the departure of the party's founder, Mr. Mohammad Baqer chest, he left the room upset angry, before the end of the celebration.
    While sources in the Dawa Party, said Maliki's response came quickly, "during the ceremony held by the party in the shrine of the martyr al-Sadr in Najaf, which was attended by a large number of supporters of Mr. Nouri al-Maliki wing exclusively
    These sources indicated that Mr. Maliki gave a speech at the ceremony and there were shouts of the audience in favor of the owners of them (all the preachers and the Yak Nuri al-Maliki).
    And sealed sources as saying that Dr. Haider Abadi the Prime Minister when he arrived at the shrine of the Martyr Sadr noon Nuri al-Maliki to leave before the end of the ceremony.

  7. #7

    Re: The Dinar Daily, Saturday April 11, 2015


    Deputy calls on the government to make efforts to join the Iraq International Criminal Court

    11/04/2015 11:36 |:

    BAGHDAD / Source News / .. called the MP for the mass change and a member of the Commission on Human Rights Parliamentary Shirin satisfaction, Saturday, the Iraqi government and the Ministry of Human Rights, in particular, to harness all the capabilities available to Iraq's accession to the International Criminal Court, or the establishment of a special international tribunal to prosecute members of al Daash , and those supporting it.
    She satisfaction in a statement received by Agency / Source News /, that "Iraq join the International Criminal Court became legal necessities to convict members of al Daash internationally and hold them accountable in any place around the world," indicating that "the sentences imposed by the court, which is life imprisonment at the latest penalty for failing to recognize the the death penalty. "
    She explained that "Iraq late in his quest to join the International Criminal Court," stressing the need to "form a ministerial committee by the Ministries of Justice, Foreign Affairs and Human Rights to put pressure on the international community to give Iraq's membership in the court."
    She stressed that "Iraq's accession to the court will stop the abuse of power in the country because of the pressures faced by Iraqi judges by some politicians," pointing out that "the court will be that the citizen can resort to in the event of the failure of the Iraqi judiciary to prosecute the perpetrators of crimes."
    She noted that the "judicial organs in the event of Iraq's accession to the court will be monitored by the court to verify that the judiciary is capable of holding free and fair, impartial and independent trials" ./ ended Q


  8. #8

    Re: The Dinar Daily, Saturday April 11, 2015

    Thousand Russians joined ISIS to fight in Iraq,Syria
    By Associated Press

    MOSCOW — A senior Russian intelligence official on Friday warned of the potential influence of the Islamic State group inside Russia, primarily among the Muslims in the North Caucasus provinces.

    Russian federal forces have fought two separatist wars in Chechnya, which has become more stable under the watch of Kremlin-backed strongman Ramzan Kadyrov.

    The Islamist insurgency, now largely dormant in Chechnya, has since spread to other North Caucasus provinces where bombings and killings of law enforcement officers have become almost a mundane occurrence.

    General Sergei Smirnov, deputy chief of the KGB's main successor agency, the Federal Security Service, was quoted by Russian wires as saying that the group is "beginning to infiltrate" terrorist organizations focused on operating in the North Caucasus. Several warlords of the banned Imarat of Caucasus have pledged allegiance to the ISIS, "a very dangerous trend," according to Smirnov.

    An estimated 1,700 Russian nationals have joined the Islamic State group to fight in Syria and Iraq, Smirnov said, adding that the actual figure is likely to be even higher.

    Russian President Vladimir Putin's envoy to the North Caucasus said last month that at least five militants who came back after fighting in Syria were killed in security sweeps last year.

    In a speech to senior officials of the Federal Security Service, Putin said last month that one of its top priorities should be tracking Russian citizens who have left to fight alongside ISIS.

  9. #9

    Re: The Dinar Daily, Saturday April 11, 2015

    Sadr asks Abadi not take steps of his predecessor Maliki

    By Zubair is Hearing One hour ago

    Sadr and al-Abadi

    Roudao - Erbil Called the cleric Moqtada al-Sadr, Prime Minister Haider al-Abadi to reverse the decision was taken by the agencies to work on the appointment of heads of independent bodies.

    A statement of the political body of the Sadrist movement and received Roudao network media copy of it on the chest replied to a referendum in the process of receiving independent bodies acting by order of the Prime Minister said, "I call upon the brother Abadi be seen into public interest work agencies decision," stressing "Fezna him that withholds including his predecessor, "referring to" work to strengthen the partnership and cooperation. "

    He indicated that the Prime Minister Haider al-Abadi had been appointed secretary of the Secretariat of Baghdad acting as well as bodies of integrity and Pilgrimage proxy.




    The cleric Moqtada al-Sadr

    Chest Ebadi: not working steps predecessor entrusting independent bodies figures proxy

    Author: AHF, AY, RS
    Editor: AHF, RS
    10/04/2015 20:49

    Long-Presse / Najaf
    Called the cleric Moqtada al-Sadr, on Friday, Prime Minister Haider al-Abadi to lack of acting work in assigning positions presidencies independent bodies, as demanded, given the interest and the lack of work, "including his predecessor," stressed that the Abadi strengthen partnership and cooperation with the political blocs .
    Sadr said in reply to a question by one of his followers about entrusting the Prime Minister Haider al-Abadi functions of independent bodies to people acting and seen by the (long-Presse)

    "I encourage brother Abadi to look into public interest and

    adjusted for the decision to work agencies Fezna him not

    The Prime Minister Haider al-Abadi confirmed on Thursday that the lack of political blocs agree on the nomination of the names for the management of independent bodies cause "dangerous vacuum", and pointed out that the government can not stop the interests of the country pending the blocks that are not in seven months compatibility, as demanded grant space for the Prime Minister of the Department of State, stressed the need to keep the independent bodies away from quotas.
    The Liberal bloc accused, on Wednesday, the prime minister, Haider Abadi, a "lack of commitment" to the decisions of the National Alliance and the Committee on the balance in the selection of heads of independent bodies, usually it is an "exclusive world" power, while counting the Islamic Supreme Council headed by Ammar al-Hakim, the appointment Acting again raises the conflicts that have been criticizing the former, does not serve the real reform,

    calling for the distribution of those bodies, according to legal procedures that have been

    adopted for the distribution of ministerial portfolios.

    Iraqi constitution explains in articles 102-108 in the door of independent bodies, that each one of them a reference, Fd High Commissioner for Human Rights and the Office of the Independent Electoral and the Integrity Commission, independent bodies subject in its controlled legislature (controlled House of Representatives), and the organization of work by law.
    Constitution promised both the Central Bank and the Financial Inspection Office and the Information, Communications and the Endowment also from independent bodies financially and administratively, and returned the Constitution to confirm within the text of paragraph II of Article 103

    that the central bank is (accountable to the House of


    and is associated with the BSA and the board of Media and Communications House of


    And Paragraph III of the same article, that the Endowment linked to the Council of Ministers, is also linked to the Martyrs Foundation like the Council of Ministers as well.


  10. #10

    Re: The Dinar Daily, Saturday April 11, 2015



    Aajl..mketb Abadi: Acting appointments are temporary and will expire soon

    [Baghdad-where] Sabri Saad spokesman said the prime minister’s office said Haider al-Abadi “appointments acting in independent bodies are temporary and will expire in the next few weeks” follow ..



    Abadi meet Sistani denies uniqueness appoint heads of independent bodies

    Najaf - Baghdad / term Press

    Met with Prime Minister Haider al-Abadi, during a brief visit to Najaf yesterday, the supreme religious authority Ali al-Sistani. A reporter (range Press), The Prime Minister Haider al-Abadi, arrived Friday morning, to the province of Najaf to attend the funeral ceremony cleric Mohammed Bahr al-Ulum, stressing that Abadi upon arrival conservative religious cleric Ali al-Sistani met.
    The meeting Abadi Sistani second of its kind after becoming prime minister. It also comes just days after a stinging criticism leveled at him Ktlta citizen and the Liberals against the backdrop of some of his appointment as acting heads of independent bodies.

    In this context, stressed the Prime Minister Haider al-Abadi, that the lack of political blocs agree on the nomination of the names for the management of independent bodies cause "dangerous vacuum", and pointed out that the government can not stop the interests of the country pending the blocks that have not been approved in seven months.

    Ebadi said, in a speech during the central ceremonial Dawa Party, organized the 35th anniversary of the execution of the religious authority, Mohammed Baqir al-Sadr and followed up (range Press), that "the failure of the political blocs agree on the nomination of the names for the management of independent bodies cause a dangerous vacuum at the state and society", pointing out that "The government would be unable to stop the interests of the country pending the consensus of the political blocs that are not seven months ago."
    Abadi confirmed his intention to "provide the names of candidates to the Council of Ministers and the House of Representatives and stop the so-called proxy appointments," and urged the political blocs, "a little more patience and give the Prime Minister some space and flexibility to manage the state within its responsibilities."

    The Prime Minister pointed out that

    "the appointments are not only at three locations

    and has, after consultation with the political blocs and there is no intention to impose our will on the political blocs," stressing that "the government is under enormous pressure in the battle against Daash and management of the state."

    Abadi pointed out that the "independent bodies are bodies independent of the government, parliament and self-managed within certain rules," stressing the need to "these independent bodies remain far from
    Quotas and submission of the blocks. "
    The Prime Minister emphasized that "the Iraqi government that includes all the components and the political blocs," calling that "there is a representation of the efficiencies in state institutions and are not obliged to political affiliation." To the Prime Minister Abadi rejected the accusations against fighters popular crowd on abuses, and among those who accuse the popular crowd are the ones who "helped and supported" and created a justification for regulation (Daash), the application of the Military Penal Code on the elements of the crowd stressed because they are part of the state institutions.
    He said Prime Minister General Commander of the Armed Forces, in a statement received (long-Presse), a copy of which presided over a meeting to gather leaders and brigades popular crowd, "The fighters of the heroes of the popular crowd are not in a position to accuse, but rather than be placed in the position of accusation is helped and supported and silent Find and justifications for crimes (Daash). "
    Park Abadi, according to the statement, "the heroic victories and cohesion among the Iraqi people and the security forces," noting that "some grieves for this cohesion and tries hard work to discredit him." He said the Prime Minister, "we do not accept any breach of breaches happen anywhere, at any override Snahilh to eliminate as I and all the leaders in the crowd reject these excesses and I doubt that many of them are driven by several quarters."
    Abadi said that "there we organized campaign and some deals with some news about the intent or ignorance of what causes this campaign that we are seeing," asking, "Is it possible to be done to restore order and eliminate everything after 48 hours of editing cities since this does not happen even in the America or any country experiencing less than witnessed in Iraq. "
    The Chairman of the Council of Ministers to "the existence of looting gangs is not filled them, but the exploitation of such a circumstances as there are plans for some politicians because they fear their power and I told them that they would not Nzaokm power because they came to sacrifice for the nation and the values, principles and sanctities."
    Abadi pointed "to the Cabinet's recent decision to support the popular crowd and it is part of the state institutions and we need to judicial officers about him through the application of military sanctions by the law because it is part of the state institutions."
    He called on the Prime Minister to be "flag flying is the Iraqi flag, which is emphasized by the religious reference noble", concluding his speech by saying, "We are coming to liberate Anbar, Mosul and on behalf of the people, I thank you for what Kdmtoh to edit your cities and the expulsion of terrorism."
    The Iraqi cabinet face, on the seventh of April 2015, the ministries and government institutions to deal with the popular crowd official body as a body linked to General Commander of the Armed Forces Haider al-Abadi.


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