The Dinar Daily, Tuesday April 28, 2015
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  1. #1

    The Dinar Daily, Tuesday April 28, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1261.845 1261.214
    British pound GBP 1764.508 1763.626
    Canadian dollar CAD 963.238 962.757
    Swiss franc CHF 1220.048 1219.438
    Swedish krona SEK 135.204 135.136
    Norwegian krone NOK 149.606 149.531
    Danish krone DKK 169.130 169.046
    Japanese yen JPY 9.803 9.798
    Drawing Rights
    SDR 1618.618 1617.809

    Indicative rates - 28.04.2015

    Currency Auctions

    Announcement No. (2938 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 26/04/2015 and the results were as follows:

    Number of banks 18
    Number of remittance companies 1
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 199,486,233
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 199,486,233
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 04-29-2015 at 10:18 AM.

  2. #2

    Re: The Dinar Daily, Tuesday April 28, 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,
    Last edited by pinkadonai1; 04-29-2015 at 10:20 AM.

  3. #3

    Re: The Dinar Daily, Tuesday April 28, 2015

    Some new MPs conduct constitutional oath

    Baghdad ( Three new MPs conducted the constutional oath as replacements to some others assigned in key posts. The reporter of Iraqi News ( Stated "MP, Kamil al-Nawaf, conducted the constitutional oath as a replacement to the Vice-President, Ayad Allawi, MP, Haider Sattar, conducted the constitutional oath as a replacement ot the Health Minister, Adeela Hmoud." /End/
    Last edited by pinkadonai1; 04-28-2015 at 12:58 PM.

  4. #4

    Re: The Dinar Daily, Tuesday April 28, 2015

    Parliament session starts [04/28/2015]

    Baghdad ( The parliament session of Monday started. The Speaker, Saleem al-Jobouri, headed the session where 235 MPs attened the session. /End/
    Last edited by pinkadonai1; 04-28-2015 at 12:59 PM.

  5. #5

    Re: The Dinar Daily, Tuesday April 28, 2015

    Al-Abadi visits holy shrines, meets Alsafi, Al Karbalai

    Baghdad ( Prime minister, Haider Al-Abadi, visited the holy shrines of Imam Hussain and Imam Abbas in Karbala.A statement by premier’s office, received by, stated that “Al-Abadi met Sayed Ahmed Alsafi, Secretary-General of Al-Abbas Holy Shrine and Sheik Abd Al Mahdi Al Karbalai.” /End/
    Last edited by pinkadonai1; 04-28-2015 at 01:00 PM.

  6. #6

    Re: The Dinar Daily, Tuesday April 28, 2015

    Australia expresses concern about its doctor appearing in ISIS advertisement

    ( On Monday, Australia expressed its deep concern about an Australian doctor making an appearance in an ISIS advertisement video.

    Australian Foreign Minister Julie Bishopsaid in an interview quoted by France News Agency and followed by, “An advertisement video aired by ISIS showed a doctor, who named himself as Abu Yusuf,” explaining that, “Abu Yusuf said in the video that he had traveled to the city of Raqqa in Syria to use his medical skills in helping ISIS elements.”

    Bishop added, “The real name of this person is Tariq Kamala and he was a trainee doctor in the Australian city of Adelaide who fled the country,” stating that, “Individuals with medical professions joining terrorist organization has become a worrying phenomenon.”

    The Australian doctor, who calls himself Abu Yusuf, says he traveled from his home country to join IS and is using his medical skills “as part of my jihad for Islam”. Picture: YouTube

    The Australian doctor Abu Yusuf or Tareq Kamleh is part of the slick video which cynically aims to appeal to “normal, rational” Australians, according to a terrorism expert. Picture: YouTube
    Last edited by pinkadonai1; 04-28-2015 at 01:02 PM.

  7. #7

    Re: The Dinar Daily, Tuesday April 28, 2015

    ISIS has killed over 2,000 off battlefield since June: monitor

    Syrian Observatory for Human Rights calls on UN to take "urgent action"

    Beirut, Reuters—A 21-year old from the UK, nick-named by Kurdish fighters as Hewal Givara, stands with his weapon at night on April 14, 2015, in the outskirts of the north-western Syrian town of Tal Tamr, north of Hasakeh, near the border with Turkey.

    (AF[/Ugyar Onder Simsek)Ultra-radical Islamic State of Iraq and Syria (ISIS) insurgents have killed at least 2,154 people off the battlefield in Syria since the end of June when the group declared a caliphate in territory it controls, a Syrian human rights monitor said on Tuesday.

    The killings of mostly Syrians included deaths by beheading, stoning or gunshots in non-combat situations, the Britain-based Syrian Observatory for Human Rights said, urging the United Nations Security Council to act.

    “We continue in our calls to the UN Security Council for urgent action to stop the ongoing murder against the sons of the Syrian people despite the deafness of members to the screams of pain of the Syrian people,” it said in a statement.

    ISIS, which also holds tracts of land in neighboring Iraq, is an offshoot of AL-Qaeda and has set up its own courts in towns and villages to administer what it describes as Islamic law before carrying out the killings.

    The Observatory, which tracks the conflict using sources on the ground, said its figure included combatants, civilians and also 126 ISIS fighters who had tried to flee the group or were accused of being spies.

    It did not include several beheaded foreign journalists and a Jordanian pilot who was burnt to death by the group, so the probable figure is even higher, the Observatory’s Rami Abdulrahman said. Hundreds of people believed captured by the Sunni Islamist group remain missing, he added.

    One of the worst massacres was against the Sunni Muslim Sheitaat tribe which had been battling ISIS in eastern Syria. The group has killed at least 930 Sheitaat tribespeople, the Observatory said.
    Last edited by pinkadonai1; 04-28-2015 at 01:04 PM.

  8. #8

    Re: The Dinar Daily, Tuesday April 28, 2015

    With the focus turning to Anbar now is not the time to forget about Tikrit

    With the capture of Tikrit completed last month, Iraqi Security Forces (ISF) have turned to Anbar, hoping to capitalise on their recent victory to lever the Sunni dominated province away from ISIS. The hope is that focusing on Anbar will allow Iraqi PM Haider al-Abadi's government to quieten Sunni suspicions that their communities will be overrun by Iranian aligned Shi'a militias, win new allies and cut off reinforcements for any future assault on the neighbouring strategic city of Mosul. With this in mind, Baghdad has moved to limit the involvement of Shi'a dominated Popular Mobilisation Units and to rely instead on a mixture of ISF and government armed and backed Sunni tribes.

    For this strategy to work, Baghdad needs to prove to Iraq's Sunnis that it will not only support them in the fight against Islamic State, but is equally committed to reconstructing their homes and reintegrating them into the nation. This is not the first time that Iraqi and coalition authorities have leveraged Sunni tribal support to help fight their enemies by offering assurances of a place in the government and military and a share of power, only to later renege on their promises once greater domestic security was achieved. Many Sunnis likely fear a repeat of Nouri al-Maliki's disastrous decisions to marginalise Sunni politicians and disregard similar declarations to the 'Anbar Awakening' tribes, who fought Al-Qaeda in Iraq (AQI). This legacy of betrayal and distrust undermines the foundation of Baghdad's strategy in Anbar. Of course there are already tribes that have pledged support to the government, just as there are those who remain steadfast in their support of ISIS. However, success in this strategy rests upon the government's ability to convince the undecided majority that helping ISF recapture the province will secure the population's interests in the long run. Even if a new strategy combining coalition airstrikes and Shi'a militia assistance could defeat ISIS without wide-ranging Sunni support, one must consider the situation that would follow. Baghdad would simply trade ISIS control for long-term instability and disenfranchisement in the Sunni dominated Northwest. Consequently, Iraq's government must prove that its rule will be more beneficial for Sunni's than ISIS's and that its commitment will not flag the moment attention turns to the next battlefield. Therefore, as Saddam's hometown, and a major Sunni city, Tikrit represents the best place for Abadi to showcase the benefits of reintegration and prove his dedication to building a new, more inclusive Iraq.

    Recapturing the city and surrounding countryside required a gruelling month-long campaign involving heavy bombardment of the once bustling metropolis, and extensive US-led coalition airstrikes. Reports from Tikrit suggest that "at least 536 buildings in the city have been affected by the fighting [with] at least 137 completely destroyed and 241 severely damaged", the worst destruction being in the Southern suburbs where fighting was fiercest.

    If Baghdad hopes to demonstrate that it is a better bet for Sunnis than ISIS then repairing this damage should be a priority, despite current fiscal constraints. With falling oil prices and a budget deficit totalling $25 billion, the government is likely to face hard financial choices ahead. Nevertheless, if the US and the international community at large are seriously committed to rolling back ISIS then the allocation of financial assistance for public spending and civilian-led reconstruction will need to be increased. A good start would be to accelerate plans for the establishment of the joint Baghdad-UNAMI Recovery and Reconstruction fund and put it to work in Tikrit. Countering the erosion of infrastructure that occurred during Islamic State's 10-month occupation and clearing the remaining IEDs left by its retreating fighters would rebuild trust and repair the legitimacy of the Iraqi state in the eyes of the city's inhabitants and wider Sunni community.

    One of the more demanding tasks will be restoring a sense of normality to the population in Tikrit and reinstating law and order. In the wake of the city's capture, the official line, as declared by Abadi in a news conference in the Kurdish capital of Irbil, was that "only 67 houses and [...] around 85 stores were burned, and it's a very small number for a city with a population of 100,000 people." This was accompanied by an indeterminate amount of looting, particularly of abandoned homes and businesses. However, reports such as that by the Iraqi MP Mutashar al-Samarri have estimated the number to be much higher.

    Blame for the looting and property damage was initially directed at the Shi'a militias who fought in the battle; more recent reports suggest that responsibility lies with the returning Salahuddin police forces. Each of Iraq's provinces has its own local police force made up of residents from that area. In the Salahuddin case this consists in large measure of tribesmen, particularly from the al-Joubor tribe who, having previously been marginalised under the Saddam regime, sided with the government against ISIS, provoking reprisals. With most of the houses and stores that were looted and burned belonging to ex-Ba'athists and members of Saddam's, al-Baghdadi's and other affiliated tribes, the current situation seems to have allowed them to settle old scores. As the political analyst Lataif Ghareeb reported to Al Jazeera, because of their unfamiliarity with the area most Shi'a militias would have been unable to specifically identify and target those buildings. However, when Popular Mobilisation Units were still deployed throughout the city at least some degree of collusion between the two groups must have occurred. Either way, as both are government aligned, blame will inevitably be laid at the feet of Baghdad.

    Recently, looting appears to have subsided. The withdrawal of the Popular Mobilisation Units coupled with Abadi's statement that the government is committed to "preserving the belongings and facilities in Salahuddin province" and prosecuting any individuals found breaking the law, appears to have had a favourable effect on the situation. Nevertheless, in the event that tribal grudges are at the root of the problems in Tikrit and Salahuddin, the government is going to need to pressure the Al Joubor dominated provincial council and police forces to make sure reprisals are avoided. If normal life is to reassert itself in Tikrit, and the 40,000 displaced inhabitants to return, the city's populace and businesses will need to be able to operate unmolested. To that end, tribal reconciliation will need to be a key policy goal for Baghdad if it is to prevent further conflict.

    With Baghdad attempting to spark a new 'Awakening' in Anbar the government will need to show the country's Sunnis that it is wholly committed to supporting them both in the fight against ISIS and the political environment that follows. Emphasising reconstruction, tribal reconciliation and a resurgent civil society in Tikrit could provide the perfect model for what Sunni's can expect if they support Baghdad. It would further operate as a springboard for winning new allies in their campaigns in Anbar and eventually Mosul. Of course, this will not come cheap but if defeating ISIS and ensuring lasting stability in Iraq is truly at the top of the international communities agenda, then the necessary funding must be provided.

    Ultimately, it is not enough to capture territory; Baghdad must demonstrate that it, not ISIS, is the better option.

    Tim Hulse is an independent political analyst and commentator.
    Last edited by pinkadonai1; 04-28-2015 at 01:07 PM.

  9. #9

    Re: The Dinar Daily, Tuesday April 28, 2015

    NZ defence chief makes secret trip to Iraq

    New Zealand's Defence Force chief has completed a secret trip to Iraq to meet with his counterpart.

    Lieutenant General Tim Keating was in Baghdad yesterday and met with general Babakir Zebari, the chief of staff of the Iraqi Army.

    The trip was not announced in advance for security reasons.

    "General Zebari and I discussed the Iraqi Army's training schedule and specifically the role of New Zealand Defence Force personnel who will soon be training Iraqi Security Forces at the Taji Military Complex near Baghdad," Lieutenant General Keating said.

    The two-year deployment is a non-combat mission to train Iraqi soldiers in their fight against Islamic State (Isis).

    Australia sent its first troops to Iraq this month, and they will soon be joined by 143 New Zealand soldiers.

    Last month, Foreign Minister Murray McCully went to Iraq and held talks with Prime Minister Haider al-Abadi and Foreign Minister Ibrahim al-Ja'afari.
    Last edited by pinkadonai1; 04-28-2015 at 01:08 PM.

  10. #10

    Re: The Dinar Daily, Tuesday April 28, 2015

    Maliki speaks of "suspicious deals": Cancelling death penalty against Daiyni is a setback to the judiciary

    Shafaq News / State of Law coalition, led by Vice President , Nuri al-Maliki expressed on Tuesday, rejecting the decision to re-trial the former MP , Mohammed al-Daiyni

    who was sentenced to death in absentia on charges of blowing up Parliament cafeteria in 2007 and other crimes related to terrorism.

    Supreme Judicial Council announced today retrial of Daiyni after turning himself in yesterday to the security and judicial authorities.

    The coalition’s member Abdul-Salam al-Maliki told “Shafaq News", "We will not allow political deals to take place that would allow terrorists and criminals to escape from the grip of justice in accordance with the principle of national reconciliation , compromise or condone crimes."

    Maliki said that "if the death sentence against Daini would be canceled , this would be a shameful setback to the Iraqi judiciary, such political deals can’t be passed and doesn’t show the spirit of belonging to the country."

    The Iraqi judiciary issued in 2010 a death sentence in absentia on the former deputy in the Iraqi parliament form the National Dialogue Front, Mohammed al-Daiyni convicted of blowing up Parliament cafeteria in 2007 and terrorism-related crimes.
    Last edited by pinkadonai1; 04-28-2015 at 01:09 PM.

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