The Dinar Daily, Wednesday April 29, 2015
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  1. #1

    The Dinar Daily, Wednesday April 29, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1274.088 1273.451
    British pound GBP 1782.697 1781.806
    Canadian dollar CAD 969.969 969.484
    Swiss franc CHF 1219.410 1218.800
    Swedish krona SEK 135.328 135.260
    Norwegian krone NOK 151.821 151.745
    Danish krone DKK 170.772 170.687
    Japanese yen JPY 9.790 9.785
    Drawing Rights
    SDR 1625.754 1624.941

    Indicative rates - 29.04.2015

    Currency Auctions

    Announcement No. (2939 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 27/04/2015 and the results were as follows:

    Number of banks 16
    Number of remittance companies 1
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 142,515,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 142,515,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 04-30-2015 at 10:13 AM.

  2. #2

    Re: The Dinar Daily, Wednesday April 29, 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,

  3. #3

    Re: The Dinar Daily, Wednesday April 29, 2015

    Political effort to passing a law to invest in line economic developments

    Agencies - confirmed a member of the economic and investment commission parliamentary Najiba Najib said "all political blocs seeking to passing a law to invest line with economic developments and serve economic construction in the country."

    Najib said in a press statement that "the Committee and with the executive bodies working on the adoption of the investment law amended to be satisfactory for all, and far from the intersections between the National Investment Commission and their counterparts in the provinces."

    Najib added that "every article in the law emphasizes decentralization of powers and the bodies attached to investment in the governorates to develop its work and the establishment of projects under the decentralized system.".

    The House of Representatives ended at its thirty-first session, which was held on Monday under the chairmanship of Vice-President of the Council Hamoudi and the presence of 229 deputies the second reading of the investment law.
    Last edited by pinkadonai1; 04-29-2015 at 01:05 PM.

  4. #4

    Re: The Dinar Daily, Wednesday April 29, 2015

    Vice Chairman of the Board of Anbar approval is expected close to the government on whether to allow the crowd to enter the Anbar

    Follow-up -oreet - expect Deputy Prime Anbar province, Faleh al-Issawi, close to the approval of the central government on whether to allow the crowd to enter the popular Anbar.
    Issawi said, "The tribal leaders who are fighting organization Daash in Anbar province, held yesterday, a conference has been our call him a local as a government," noting that "the conference included a group decisions, the most important is the claim Prime Minister to send battalions of the popular crowd to Anbar to support the security forces and sons clans ".

    "The conference also called on people of the province to volunteer in the ranks of the army and custom crowd of popular province in order to defend it," adding that "the tribes called on the Speaker of Parliament Saleem al-Jubouri, Prime Minister Haider al-Abadi to the adoption of such liabilities on the grounds that these elders and fighters are represented Anbar on the ground, "PSC / h
    Last edited by pinkadonai1; 04-29-2015 at 01:05 PM.

  5. #5

    Re: The Dinar Daily, Wednesday April 29, 2015

    Mahmoud al-Jubouri discuss with the independence of the judiciary and the separation of powers

    Baghdad-and babysit - House Speaker Salim al discussed the Supreme Judicial Council with the Council of Chief Justice Medhat al-Mahmoud the principle of independence of the judiciary and the separation of powers and the joint coordination to support the democratic process in Iraq.

    Jubouri's office in a statement said after a meeting with Chief Justice Medhat al-Mahmoud, said that "Parliament Speaker Salim al discussed with Mahmoud Iraqi scene in general, and the relationship between the legislative and judicial branches, and ways of cooperation between them according to the Constitution and laws serve the public interest."

    He added, that "the meeting, they discussed cooperation frameworks for the completion of important laws for people's rights and interests of national security, as well as discuss the principle of the independence of the judiciary and the separation of powers, and joint coordination to support the democratic process in Iraq," PSC / h
    Last edited by pinkadonai1; 04-29-2015 at 01:10 PM.

  6. #6

    Re: The Dinar Daily, Wednesday April 29, 2015

    Security forces kill 61 terrorists, dismantle 104 explosives in al-Karma District

    ( Baghdad – On Thursday, Baghdad Operations Command announced, that the Iraqi security forces, backed by the Iraqi Air Force and the international coalition warplanes, managed to kill 61 ISIS fighters and dismantle 104 IEDs in the al-Karma area.

    Baghdad Operations said in a statement obtained by “Today, army forces backed by police elements and al-Hashed al-Sha’bi militia, with support from the army’s air force and the international coalition warplanes, have continued advancing into the district of al-Karma as a part of the operation ‘Fajr al-Karma’ for the 14th day in a row,” pointing out that, “The forces managed to kill 61 terrorists and dismantle 104 improvised explosive devices (IEDs), in addition to destroying 4 shelters for the terrorists and 6 armored vehicles that were carrying machine-guns.”
    Last edited by pinkadonai1; 04-29-2015 at 01:11 PM.

  7. #7

    Re: The Dinar Daily, Wednesday April 29, 2015

    Sunni forces: We will announce our position on the decision from the Congress’s armament decision tonight

    Shafaq News / A leader in the National Forces Union said that the Sunni forces will announce a unified position tonight regarding arming the Kurds and Sunni Alone.

    The United States has announced a draft resolution to be voted on today to arm Kurds and Sunnis in Iraq separately.

    The leader in National Forces Union , Abdu Qaher al- Samurai told “Shafaq News" that "forces will take its decision on arming the Kurds and Sunnis tonight during a meeting at the home of the Parliament Speaker , Salim al-Jubouri in Baghdad."

    "The Sunnis in the Union of Forces will make the decision in a unified manner."

    Deputy Prime Minister ,Bahaa al-Araji has rejected the decision while the leader of the Sadrist Movement , Moqtada al-Sadr threatened to hit US interests if implemented.’s-armament-decision-tonight.html?
    Last edited by pinkadonai1; 04-29-2015 at 01:14 PM.

  8. #8

    Re: The Dinar Daily, Wednesday April 29, 2015

    Al-Sadr: Killing Saddam’s aide politicises jihad

    Leader of the Sadrist Movement Muqtada Al-Sadr said yesterday that claims that former President Saddam Hussein's aide Izzat Ibrahim Al-Douri had been killed were aimed at politicising "Jihad and victories."

    Last week, the Iraqi government announced it had a corps which was believed to be that of Al-Douri. It said the corps was undergoing DNA tests.

    Al-Sadr said: "The Popular Shia Crowds are experiencing challenges which might disrupt their work. Some of the challenges are the disunity among its militias, American interference and the abundance of its sects."

    He expected an Arabic interference like what happened Yemen and other international conflicts, calling for unity and mobilising all efforts to undermine the potential Arabic interference.

    As part of his call to undermine external interference, Al-Sadr called for liberating Al-Anbar and Mosul. He also called for the government not to depend on the US to fight terrorism.

    After the American invasion of Iraq in 2003, Washington announced a $10 million-award for anyone offering information leading to Al-Douri's arrest or death.

    Al-Douri was the second in line in Saddam's regime and had been in hiding since the American invasion. He sometimes issued statements; in one he announced his support for ISIS.
    Last edited by pinkadonai1; 04-29-2015 at 01:15 PM.

  9. #9

    Re: The Dinar Daily, Wednesday April 29, 2015

    The relationship between Saddam’s officers and ISIS

    The Western media has worked hard in the past two weeks to shed light on the relationship between former Iraqi army officers and ISIS. Its analysis suggests that ISIS is an armed wing of the Iraqi Baath Party's deep state. I believe that the media is ignoring the facts. We have witnessed an important phase in Iraq's history that helps us, to a large extent, understand how matters reached the point that they are at, in a manner closer to reality without misguidance or exaggeration.

    Many may not know that in the wake of Iraq's 1990 invasion of Kuwait, there was a quiet Islamic revolution that almost toppled Saddam Hussein's regime. The Iraqi president addressed the matter, sometimes with an iron security fist and at other times by going with the Islamic revolution to use it to serve the regime and its existence.

    As in every invasion, Kuwait was looted. Some of the things taken to Iraq included many books which had a great impact on Iraqi society. It changed from being secular or, at best, moderately Muslim, to a religious society, parts of which were impacted more by certain denominations. The mosques were no longer places where the elderly sat out the remainder of their lives; they became full of excited young people who found, in those books that entered Iraq under the nose of the government, benefits for their souls that they had been deprived of previously. There are many examples of entire neighbourhoods in Baghdad, and villages in the surrounding areas and other Iraqi governorates, that shifted towards Salafist ideology, which led them to destroy their televisions and similar actions because they believed that they are forbidden in Islam. Many members of Baghdad's Shia population and those in southern Iraq became Sunni Muslims, abandoning their ancestral faith denomination. Such innocent people paid the price for this later in the form of murder, displacement and persecution at the hands of the new arrivals who were brought in by the American occupation.

    The changes in Iraqi society drove the Iraqi elite to try to rectify the matter before it spiralled out of control, especially since they had just emerged defeated from a war during which they almost lost their authority. Starting with what was later known as the "faith" campaign in 1996, it turned into a sponsor for the Islamic awakening. This would later impose duties on the state, such as establishing mosques for every military unit and appointing imams to lead the prayers in all mosques, usually chosen from amongst the graduates of Islamic schools. It was not unusual to see a soldier standing side by side with his senior officer during prayer; this would not have happened were it not for the Islamic awakening in Iraq.

    Iraqi army officers, most of them from religious families (including a large number from Mosul, who are known for their religious nature), saw this as an opportunity to leave Baathism, which was imposed on them; every Iraqi is a Baathist, Saddam Hussein once claimed. The lives of these officers went through serious ideological changes, as they become closer to the Islamic trend, in terms of both thought and behaviour; some say that this religious shift was also found in Saddam himself.

    The Iraqi army, of course, was disbanded by the US-appointed governor of Iraq in 2003; indeed, Paul Bremer banned the Baath Party as well. More than 500,000 soldiers found themselves at a loss, with many having spent more than half their lives in the army. Some accepted the situation while others rejected it and joined the Iraqi resistance movement. When the resistance factions formalised themselves, Islam was their common denominator. The officers who rejected the US occupation and Bremer's orders to dissolve their army formed the nucleus of the first resistance groups; they were the masterminds behind them, while the youth implemented their plans, even though many of these young men were never part of the army. They were driven to resist by a rejection of occupation and oppression.

    As the resistance took shape, some of its activists were arrested by the US forces. Many projects condemning the occupation and its consequences emerged in Iraq's prisons, but there was no project calling for the return of the Saddam regime. Most of the people who wanted that to happen withdrew quickly. When ISIS emerged, Al-Qaeda in Mesopotamia was considered to be the legitimate father of the organisation. Al-Qaeda was not known for reaching out to the Iraqi Baath Party or any of its members, as the group regarded Baathists as infidels and not to be dealt with. Al-Qaeda later turned into the Islamic State of Iraq before it expanded into Syria after the outbreak of the revolution against the Syrian Baath regime of Bashar Al-Assad.

    We are talking about events happening more than a decade after the US invasion of Iraq. If we were to assume that all of the former Iraqi army officers were still alive, then most of them would have reached an age where they were too old to command and plan with a military-style organisation. Moreover, the names of ISIS leaders announced publically includes those of people who were arrested by Saddam's intelligence services; there are none which can be confirmed as those of former officers in the Iraqi army. Even if we take a close look at the story of Haji Bakr, whose story was featured by the German magazine Der Spiegel, we would find that it was prepared hastily; Iraq was not known to have an "air defence force intelligence service", in which the magazine claims that Haji Bakr was a colonel.
    Last edited by pinkadonai1; 04-29-2015 at 01:16 PM.

  10. #10

    Re: The Dinar Daily, Wednesday April 29, 2015

    Abadi’s Assistant announces rejecting the US Congress Law

    Shafaq News / Deputy Prime Minister , Bahaa al-Araji rejected on Wednesday, the intention of the Foreign Affairs Committee in the US Congress to vote

    on a law stipulates dealing with Peshmerga and Sunnis forces as states in Iraq.

    Al-Araji said in a press conference today that "the notorious project submitted by America must not be passed ", calling for the need to preserve the Iraqi state , its security and stability and remain unified “.

    He said it is intended for Iraq to be an arena for conflict between the poles of two states in the region and that must not be done.

    Araji added that Iraqis are the ones to decide the fate of the country as well as the government and the parliament, we reject any interference that affects the sovereignty of the country from any party.’s-assistant-announces-rejecting-us-house-of-representatives-law.html?
    Last edited by pinkadonai1; 04-29-2015 at 01:16 PM.

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