The Dinar Daily, Saturday April 25
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  1. #1

    The Dinar Daily, Saturday April 25


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1252.634 1252.007
    British pound GBP 1753.314 1752.438
    Canadian dollar CAD 951.837 951.361
    Swiss franc CHF 1222.863 1222.252
    Swedish krona SEK 134.982 134.914
    Norwegian krone NOK 148.363 148.289
    Danish krone DKK 167.871 167.787
    Japanese yen JPY 9.741 9.736
    Drawing Rights
    SDR 1613.464 1612.657

    Indicative rates - 23.04.2015 (No change as of today 25.04.2015)

    Currency Auctions

    Announcement No. (2936 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 22/04/2015 (No change as of today 25/04/2015) and the results were as follows:

    Number of banks 18
    Number of remittance companies 4
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 167,345,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 167,345,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 04-26-2015 at 10:07 AM.

  2. #2

    Re: The Dinar Daily, Saturday April 25

    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,

  3. #3

    Re: The Dinar Daily, Saturday April 25

    Warning of the imbalance between liquidity and profitability

    The tyranny of one end causes problems for banks

    BAGHDAD - Mostafa Hashemi
    warned banking expert risk of predominance by the profitability on the edge of liquidity in the smart equation for the management of the banks because the tyranny of any party in the equation on the other end is causing a problem for the bank, either in cash or in the profit and therefore will impact on his reputation in the market Abannok.oukal banking expert d. Essam Mahouelle that the bank (whether public or private) by a net profit, because it signify success in the policy of the If the banks and government, the commitment to make a profit means safety procedures at work and he Sarphi budget percentages of the profits, and if a special regional banks ( ), it is obliged to shareholders to achieve revenue of them and only went out with him to the bank and other financial Omassh generate their profit they seek as a result of their investment.

    public funds and pointed out that the binding to keep a bank a good degree of liquidity has to cope with the sudden withdrawals, and wondered why imagine the bank that there withdrawals surprise it should be hedged and have to keep the level of good liquidity and continuously? He explained that banks and financial institutions dealing deposits audience you can withdraw money at any time, regardless of the lost private interest if they need a large liquidity, as Aehmh if the bank is successful or unsuccessful in banking policy does not care about any excuse may delay recovery of his money, and that the bank must be prepared to pay for public benefits at any time.

    Mahouelle confirmed that the bank find a case of intelligent balance between profitability requirements and liquidity requirements. reputation of the bank and pointed out that the problem of profit lesser the problem of liquidity so that the bank could not achieve this year's profits may be achieved in the coming year, but he also said, but liquidity if it did not have enough has caused the loss of the bank to his reputation in the banking market and the owners of deposits a reputation if shaken, it is not easy to return stability again. He said, in the case of a liquidity problem list and a worsening in a private banks, for example, because of poor liquidity management and exceeded credit risk limits in the granting of credit, and the expansion of the granted without collateral (inadequate or completely without it), and the monopoly of some people from the bank's owners the most liquidity of the bank to implement their own business without thinking about the return of those funds to the bank, funds that belong to the owners of deposits originally. He stressed the importance that should be obliging them to refund their loans to the bank one way or another may be done either by the central bank or by the executive branch as protectors people's money in general. and the need to obtain all loans granted guarantees are inadequate and liquidation of property that has been pledged in favor of the bank guarantee for the loans. central role hinted Mahouelle to a prominent and important role of the Central Bank after the (lender last) and the savior of the bank through its assistance for the advancement of his distress conditions established is and is not allowed for those who have caused the problem of restoring their role in the management of the bank, and the appointment of a new administrative body and temporary in order to hold the reins of things. He said there is another solution boils down to merge the bank with another bank or to new investors provided enjoyment knowingly in the banking business and the use of Bmusrvien true for the management of the bank and are working to restore recovered again.

  4. #4

    Re: The Dinar Daily, Saturday April 25

    PIRA Energy: Oil will rise significantly

    Expectations of a sharp shift in course price

    NEW YORK (Reuters) - At a time when the price of Brent yesterday stood in the futures delivery in June to $ 61.65 a barrel, Gary Ross, said founder and executive chairman of the group PIRA Energy, a consulting services has a large impact on the market the company, said that oil prices Global rise "significantly" in the coming months after the hit several weeks bottom before the losing streak lasted many months, although pressure on supply curbs looming next summer at the earliest.

    He said Ross told Reuters in an interview that the "magic price" reason for a quick return global demand for Oil and led to a sharp sudden collapse in the number of drilling rigs operating in the United States may be more difficult than expected to change Alktheron.oukal Ross "has focused the world in the past six months to get rid of supply." This mentality will change gradually. They will have to start thinking in the formation of supply again and this will translate into much higher than today's prices the prices. Significantly higher. "

    Ross said, "Although we collected a fair amount of stocks and perhaps collect more .ela that the worst is over to a large extent." He added, "Low prices much more than necessary. Can not remain so, especially in light of such a low excess capacity. "He declined to give specific forecasts of Beira prices.
    According to Ross estimates that the production capacity of global surplus has already fallen to 1.2 million barrels per day, only one of the lowest levels ever. The Saudi Arabia need to increase crude production by 500 thousand to 600 thousand barrels per day in the summer to meet domestic demand for electricity, which will reduce the excess capacity even further.

  5. #5

    Re: The Dinar Daily, Saturday April 25

    Arab Monetary Fund expects growth of Arab States economy 3 percent

    The possibility of saving five million jobs

    Capitals - Agencies expect the Arab Monetary Fund, the Arab economic growth falling to 3 percent during the current year, stressing the need to move forward in the implementation of the necessary structural reforms and diversification of the economy away from oil.

    The Fund issued a report which predicted that achieves economy Arab countries, with the exception of Libya, the ratio during the year 2015, which is lower than the expected growth by the direction of global oil prices downward.

    The report said the drop in oil prices affects to varying degrees in the performance of Arab Petroleum Exporting Countries, as it contributes about 78 percent of GDP for countries Arabic, although the GCC countries will be affected to a lesser degree than the decline in oil prices, due to the adoption of adverse financial policies of economic cycle to stimulate growth, with the accelerated pace in the non-oil sectors, Arphih increase public spending and the trend towards diversification of Alaguetsadah.kma sources report predicts the economies of Arab Petroleum Exporting Countries growth oil by about 2.9 percent during the current year, and that rate rises to 4.2 percent, the exception was the impact of reductions in the price of oil. Gulf, the Arab Monetary Fund report predicted that the growth rate in the GCC countries to reach the threshold of 3.2 percent during 2015, compared with 4.4 percent before the drop in oil prices, but he also said that the lower than expected growth rate does not mean that the Gulf Cooperation Council (GCC) will be affected much lower global oil prices, compared to other Arab countries oil, Rada to adopt Saudi Arabia, Qatar, UAE and Oman adverse financial policies of the economic cycle to stimulate growth, its commitment to raise the pace of public spending, especially in sectors that represent economic growth, Kqtaat education, health and infrastructure engines.

    The report predicts that public spending in the Gulf states lead the successive increases to the non-oil sector growth at an accelerated pace, between 5 and 6 percent,
    and advised the Arab Monetary Fund and other Arab oil-exporting countries to proceed to diversify the economy, and expected growth fell to 1.7 percent in 2015 , compared with 5.3 percent before falling oil prices. Fund presented this fall to meet these countries political conditions and economic unfavorable, with the exception of Algeria, coincided with the decline in world oil prices.
    Adds Fund report that these countries to reduce the state's role in economic activity, and the restructuring of the public sector enterprises in several key sectors, so that the private sector to continue its role in the generation of added value.

    The report predicts improved growth in oil-importing Arab countries, to reach 3.7 percent in 2015, compared with 2.8 percent in 2014 and outlines the Arab Monetary Fund report challenges that the Arab countries are facing the most important need to raise growth rates of between 5 and 6 percent a year, to provide a 4 to 5 million jobs, in order to reduce the actual rate of unemployment by 2020.

  6. #6

    Re: The Dinar Daily, Saturday April 25

    'Islamic State' terror group kill Iraq army chief with bulldozer packed with explosives

    Iraqi security forces and tribal fighters prepare to attack Islamic State group militants on al-Houz bridge on the Euphrates river in Ramadi, 70 miles (115 kilometers) west of Baghdad, Iraq, Friday, April 24, 2015. (AP Photo)

    Fighters from the Islamic State group have ambushed an Iraqi army convoy with a bulldozer packed with explosives, killing the commander of the Iraqi 1st Division and three of his staff officers north of Fallujah.

    The suicide bomber attacked the convoy of Humvees and then militants opened fire, killing Brigadier General Hassan Abbas Toufan, a colonel and two lieutenant colonels in the Nadhem al-Taqseem region, said a member of the division and an intelligence officer.

    There was no initial count on the number of soldiers killed in the attack.
    The attack represents a setback for the Iraqi army which is embroiled in a fierce battle to reconquer western Anbar province, which has been under the control of the extremist Islamic State group for the past year. Fighting has been focused on the provincial capital of Ramadi, where the government had been making slow progress.

    Earlier, the army recaptured the important al-Houz bridge over the Euphrates in western Ramadi, which had served as a primary supply route for the militants.
    The security situation in Ramadi sharply deteriorated after the IS group seized three villages around the city, forcing an estimated 100,000 to flee their homes. Many had just started to return in the past few days as Iraqi soldiers and police have been able to secure the centre of Ramadi and push the militants back from some areas of the city.

    During the weekly Friday prayer, Iraq's most revered Shiite cleric, Grand Ayatollah Ali al-Sistani urged the country's politicians to end all disputes in order to confront the political, economic and security challenges facing the country.

    "It is important that the brothers (the politicians) should come out with final and drastic solutions for the problems," said Mr al-Sistani's representative during a sermon in the holy Shiite city of Karbala.
    Many Iraqis blame the rivalries among the country's political leadership for the humiliating defeat suffered by government forces in the past year at the hands of the Islamic State militants that control large sections of the north and west of the country.
    In today's violence, police officials said a bomb exploded near an outdoor market in the Sunni town of Tarmiyah, north of Baghdad, killing four people and wounding eight.
    A bomb near a courthouse killed three people and wounded nine in the town of Mahmoudiyah, south of Baghdad.

    Online Editors

  7. #7

    Re: The Dinar Daily, Saturday April 25

    Re-opening University of Tikrit project launched

    Shafaq News / The Vice President , Nuri al-Maliki and Minister of Higher Education and Scientific Research, Hussain al-Shahristani have arrived to Tikrit in separate visits
    to meet with security chiefs and launch opening the University of Tikrit project.

    A local official said in an interview with “Shafaq News", that” Vice President , Nuri al-Maliki Tikrit arrived from Samarra after visiting al-Askariyeen shrins, noting that security leaders met in Tikrit to inspect the field conditions in the province and the latest developments in the ongoing military operations against ISIS terrorists to expel them from the remaining areas in Salahuddin .

    While another local official revealed the arrival of the Minister of Higher Education and Scientific Research, Hussein al-Shahristani to the city, adding that inspected the University of Tikrit and other ongoing work to re-open the university.

    The Iraqi security forces have liberated during the last weeks Tikrit city , the center of Salahuddin province from the control of ISIS terrorists after nearly nine months of their control on it and Mosul events on the tenth of June.

  8. #8

    Re: The Dinar Daily, Saturday April 25

    Suicide bombers attack Iraq-Jordan border crossing

    A spokesperson from Iraq's Interior Ministry said that three suicide car bombers attacked security forces at a border crossing with Jordan, causing casualties, the Associated Press reported.

    Brig. Gen. Saad Maan could not confirm how many people were killed or wounded at the Trebill border crossing on Saturday.

    Trebill is the only border crossing between the Iraq and Jordan and is in a remote desert area in Iraq's Anbar province.

    Iraqi forces are battling Daesh militants in Anbar.

  9. #9

    Re: The Dinar Daily, Saturday April 25

    Abadi: The Relationship Of The Government With The Parliament Is Good

    Shafaq News / The Iraqi Prime Minister ,Haider al-Abadi described on Saturday, the relationship of the executive branch with the legislative branch as "good and consistent"

    with each other, as warned of "rumors" war promoted by ISIS terrorist organization and that was the reason for the displacement of many families in Anbar province .

    Abadi said in a speech during the ceremony which was held on the occasion of the Iraqi martyr memory of the founder of the Islamic Supreme Council , Mohammed Baqir al-Hakim, we are living in a government of national partnership which is not a gift but a right for all participating components and the right for all those weak and the vulnerable, "noting that "There is no marginalizing in Iraq today or in the political process while the relationship between the government and the parliament is a good relationship."

    He pointed out that "We can pass the challenges that we are facing easily and with minimal losses , as may disagree in the vision and point of view but this is a good thing if there was no multiple views , we would not be able to continue till now."

    Al-Abadi said that "rumors of war today is so dangerous and our people are fighting in all areas including Anbar," adding that "the displacement of Anbar people did not have any justification for these rumors for whose benefit? Why abandon our people in Anbar? “.

  10. #10

    Re: The Dinar Daily, Saturday April 25

    Hakim: We are in front of a new Middle East intended for Iraq to be its heart

    Shafaq News / The Head of the Islamic Supreme Council of Iraq , Ammar al-Hakim said on Saturday, that the Middle East is heading towards a new division

    intends to make Iraq its heart.

    Hakim said in a speech during the ceremony held by the occasion of the Day of the Iraqi martyr memory of the founder of the Islamic Supreme Council , Mohammed Baqir al-Hakim , that Iraq today is bleeding and all the blood is precious except who announced his alleged successor, calling to clear the country from terrorists”.

    "The battle today is the battle of Iraq which is crucial moment of truth, either Iraq emerge or abandon it and abandon us and be people without country or an identity,” he added.

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