The Dinar Daily, Monday April 13, 2015
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  1. #1

    The Dinar Daily, Monday April 13, 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, Monday April 13, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1232.462 1231.846
    British pound GBP 1705.275 1704.422
    Canadian dollar CAD 925.764 925.301
    Swiss franc CHF 1188.220 1187.626
    Swedish krona SEK 132.990 132.923
    Norwegian krone NOK 143.094 143.022
    Danish krone DKK 164.953 164.870
    Japanese yen JPY 9.676 9.672
    Drawing Rights
    SDR 1598.166 1597.367

    Indicative rates - 13.04.2015

  3. #3

    Re: The Dinar Daily, Monday April 13, 2015

    House describes the Iraqi media coverage of the oil agreement as "impotent and provocative."

    Information / Baghdad / ..Iraqi issued a media house, on Monday, the sixth media monitoring report, titled "Oil agreement between Baghdad and Erbil media coverage powerless .. and induced.
    Where he highlighted the report, seen by Agency / information / light on the media coverage of Iraqi oil to the agreement signed last year between the federal government and the Kurdistan Regional Government.

    The report and see the path coverage and different orientations, Arab and Kurdish, both, in nearly seven months, through the preview of "professional" treatment of news according to neutrality standards and the ability to provide proven information to the public, and monitor "incitement" implicit or direct coverage, on the sidelines of the prosecution of developments in the implementation agreement .

    According to the report, "We have failed to media coverage, the Arab and Kurdish, both, to provide documented and proven information on the implementation mechanisms of the oil agreement between Baghdad and Erbil, and this failure variation of the weakness in the sources of information, to what can be described as" intent "to conceal the side of the the facts. "

    The report said "I Astshilt the majority of the media broadcast the views of the accusatory of the parties to the agreement without the benefit of evidence and facts," Rasadda "part of the coverage shifted to the occasion to raise the national intolerance between Arabs and Kurds, in what appears to have come from the exploitation of political parties to the media to achieve this purpose. "

    The report emphasized at the same time, "the absence of fully to the voice of experts and technicians in the field of oil from the media coverage of the agreement. The absence of journalistic materials survey neutral, on the agreement, for the overall coverage, while it was rare to hold dialogues with the concerned file, officials in both Arbil and Baghdad."

    The report described "the majority of the press articles that dealt with the oil agreement as" lame ", for excessive reliance on a single source represents a specific point of view."

    It is noteworthy that the Iraqi Media House, an independent organization that monitored the various Iraqi media, according to accuracy and credibility and impartiality in the coverage of current events through the issuance of monitoring reports are Doria.anthy / 25 R. standards

    Last edited by pinkadonai1; 04-13-2015 at 10:43 AM.

  4. #4

    Re: The Dinar Daily, Monday April 13, 2015

    Abuse of office financially and morally ... a model of the Integrity Commission
    Corruption would not be stolen money or taken away, or causing wastage, but there are other aspects of not less affair is abuse of office or employment to obtain material benefits or moral indirectly, and these examples highlight our Mai PEOPLE by a number of the Integrity Commission staff, including the director general Legal Matok Sajjad, who took over the presidency of the notorious committee, and this committee commissioned by the head of the former agency overseeing the transfer of staff is desirable for them, or who raised around rumors that they were agents Judge Rahim Ugaili, and, unfortunately, this committee used to threaten some women when trying Aptzaizen and tampering with them, and perhaps one of the employees in the previous Excellencies Office testament, which is well known to all and made a complaint against him in the Office of the Prime Minister, Dr. Abadi.

    Carpets Matok man who is not together and I'm sure that he is mentally ill and I will put in front of the President of the Commission, Dr Hassan al-Fadil al-Yasiri these points, and has judged Although Matok says he is a friend of the new president and give him new powers granted to him again, as in the time of al-Saadi.

    1. How has two sons in the College of Medicine acceptance despite their rates to Atahlhm for admission. The benefit of this moral noted her origins Iraqi Procedure Code clearly.

    2. How was excused from his car to a fine display by a coup in Basra when he went on vacation and recreation, while another person was fined under the supervision of the same carpet despite the incident during duty.

    3. How has been added to his political Kmtdharr although he claimed in his testimony that he wanted to be an officer in Saddam's security, he did not accept, and this enabled him to receive millions of dinars as well as a huge increase in salaries.

    4. The agreement with the head of the transfer and removal of dozens of staff of the Integrity Commission without logical reasons and this also is the arbitrary use of power.

    5. hosted numerous calls against employees for trivial reasons, including against one of the employees, because he did not write the word Esquire.

    6. threatened dozens of staff to transfer them from the Integrity Commission under the pretext that they have a criminal restrictions despite the law Select sealants public function, which is threatening who have a record, and even who they arrest, while the head of the al-Saadi was arrested Bhtm bribes in Kirkuk for 45 days but turned the body more than three years.
    Last edited by pinkadonai1; 04-13-2015 at 10:46 AM.

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    Re: The Dinar Daily, Monday April 13, 2015

    Abadi: Follow the economic and financial situation

    BAGHDAD / obelisk The meeting discussed the issue of the state employees' salaries in the provinces of Anbar, Salahuddin and Nineveh - confirmed Prime Minister Haider al-Abadi, Sunday, on the need to adopt measures to ensure the achievement of the planned increase in the rates of oil production and stimulate economic sectors.

    Ebadi said office said in a statement, "Prime Minister Haider al-Abadi chaired a meeting of the Ministerial Committee of the crisis cell in the presence of ministers of oil, finance and planning, Governor of the Central Bank as well as a number of advisors and specialists."

    The statement added that "al-Abadi stressed the need to adopt a package of measures to ensure the achievement of the planned rates have to increase oil production in the revitalization of the different economic sectors," he said, adding that "the Prime Minister pointed to the importance of follow-up economic and financial situation in order to ensure the continuation of the pace of economic activity despite the decline Great in oil revenues. "

    "The members of the committee put forward what has been achieved during the last three months of technical and financial measures to address the challenges facing the country," noting that "the meeting examined ways of activating the movement of cash to secure liquidity sufficient to fulfill the obligations contained in the state budget for the year 2015".

    He said, "The meeting discussed the issue of salaries of employees of the State in the provinces of Anbar, Salahuddin and Nineveh", pointing out that "it was stressed to ensure delivery Salaries in light of the audit procedures adopted by the Ministry of Finance to be completed so soon afterwards."
    Last edited by pinkadonai1; 04-13-2015 at 10:49 AM.

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    Re: The Dinar Daily, Monday April 13, 2015

    Investment Law amended in front of the Presidency of the Parliament

    The Commission is determined to provide all the proposals that would invest in the advancement of the country.
    BAGHDAD / obelisk assured of the Investment Committee and member of the parliamentary economy olive-Dulaimi, Sunday, that the Committee will submit amendments accomplished by the investment law to the presidency of the parliament later this month.

    Dulaimi said in a statement, "The Committee completed most of the changes taking place in the investment law, leaving only a few paragraphs to be delivered during the upcoming period," adding that "there is a requirement in the law ensures the involvement of 75% of the Iraqi labor in investment projects."

    She added that "the Commission is determined to provide all the proposals that would invest in the advancement of the country," asserting that "the law will be a magnet for investment and not through work repellent guarantees, as well as a good investment opportunities."
    Last edited by pinkadonai1; 04-13-2015 at 10:50 AM.

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    Re: The Dinar Daily, Monday April 13, 2015


    Military cooperation with Washington and big problems hinder the adoption of the most prominent political parties law addresses newspapers Monday

    {Baghdad: Euphrates News} picked up newspapers on Monday, a group of political headlines, military cooperation with Washington, which holds the prime minister Haider al-Abadi during his visit IOM United States and the major problems hindering the adoption of the law of parties and three controversial points stuck behind the lack of resolution of the National Guard and addresses of the law of another file .

    Mr. Hakim: Iraq was able to access a single foreign policy in important issues
    Sheikh Hamoudi: Abadi told Parliament resolution of the popular crowd salaries during the current month
    Major problems hindering the adoption of the law of parties

    Iraqi official: Abadi will ask Washington and planes on credit sale Iraq Apache
    A security source: No solution to the crisis in Anbar, but the intervention of the international coalition or the popular crowd
    A spokesman for the crowd: We will not interfere in the battle of Al-Anbar, but a public call for {}

    New Morning
    Abadi today in Washington to ask for sophisticated weapons and aircraft with financial support

    Associates of the popular crowd demonstrating in central Baquba, in protest at not receiving their salaries for months
    Abadi holds a list of weapons to Washington and payment on credit

    Deputies (time): blocks prevent professionals take over bodies
    Turkmen warn weaken the component figures

    Military cooperation at the head of al-Abadi talks in Washington
    Military reinforcements urgent Inbar .. and Abadi meet its government and local deputies

    National Alliance for Zora: three controversial points stuck unresolved, "National Guard Law"
    Chalabi infallible and discuss the difficulties faced by Iraq due to declining prices Alinvt.anthy
    Last edited by pinkadonai1; 04-13-2015 at 10:52 AM.

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    Re: The Dinar Daily, Monday April 13, 2015


    Chuird calls for banks to raise obstacles to the granting of loans to widows, divorcees and retirees

    MP for the National Coalition Hassan Chuird, banks, with the support of investment projects that raise GDP, and raise obstacles to the granting of loans. A statement by his office on Monday, received by the agency and the agency Sama Baghdad news ", a copy of the" Chuird met Rasheed Bank director, said during the meeting the importance of upgrading by banking services, to meet the aspiration of the Iraqi citizen, and the need to speed up the completion of transactions for integrated services and record time Short.

    "He called Chuird, according to the statement, to" support investment projects that raise the GDP, which can be through the establishment of residential complexes to effectively contribute to the reduction of the housing crisis in the country. "He called for" lifting obstacles to the granting of loans to widows, divorcees and retirees , and advances to the marriage to subsidize this important segment to live with dignity. "

    The statement continued," also met Chuird passports Mahmudiya Director Major Mohammad Mutlaq, and praised the fruitful efforts in the follow-up and completion of transactions, calling to facilitate the completion of the displaced citizens' transactions and to prevent obstruction "
    Last edited by pinkadonai1; 04-13-2015 at 10:54 AM.

  9. #9

    Re: The Dinar Daily, Monday April 13, 2015


    Directed to extend the legislative term of the House of Representatives

    Khandan - A House of Representatives decision Imad Youkhana a tendency to extend the parliamentary work of the parliament for an additional month to approve a number of important laws.

    He explained Youkhana told the newspaper «morning», said that "the second legislative term ends in accordance with the Constitution, on the seventh of next month," noting that "the presidency of the parliament did not decide to now extend the Legislative Chapter II Although there is no intention to extend a maximum period of one month to the end of this chapter At the beginning of June. "

    Youkhana added that "the country is going through exceptional circumstances so would accept the parliament one month legislative recess," adding that "the Presidency of the Parliament will decide during hearings next week to extend the legislative session whether or not private that he was left of the working time of this chapter only a week of last resort."

    It is worth mentioning that the Iraqi Constitution states in Article fifty-eighth paragraph II, the following "season may be extended legislative session of the House of Representatives shall not exceed thirty days to accomplish the tasks that require this, at the request of the President, or the Prime Minister, or the President of the House of Representatives, or fifty members of the Council. "
    Last edited by pinkadonai1; 04-13-2015 at 10:55 AM.

  10. #10

    Re: The Dinar Daily, Monday April 13, 2015

    Parliamentary Legal discuss land, which was distributed during the Maliki government file

    BAGHDAD - ((eighth day)) Revealed a member of the Legal Committee of the House of Representatives Hamdiya Husseini that land files that were distributed during the campaign of former Prime Minister Nuri al-Maliki arrived Committee and is now under scrutiny.

    Husseini said that the files contain pieces of land that were distributed during the Maliki government leaders, security and citizens bonds as incorrect does not comply with the conditions under which the distribution, adding that all the pieces of land, which was distributed to citizens in the central and southern provinces does not contain valid legal bills.

    She added that the pieces that were distributed to the leaders of security will Nstrdha and according to the law and given to the beneficiaries of the martyrs and the brave officers.
    Last edited by pinkadonai1; 04-13-2015 at 10:57 AM.

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