The Dinar Daily, Saturday May 2, 2015
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  1. #1

    The Dinar Daily, Saturday May 2, 2015

    CENTRAL BANK OF IRAQ

    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000


    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000
    Euro EUR 1282.833 1282.192
    British pound GBP 1791.909 1791.013
    Canadian dollar CAD 975.406 947.918
    Swiss franc CHF 1221.070 1220.460
    Swedish krona SEK 137.105 137.037
    Norwegian krone NOK 152.992 152.916
    Danish krone DKK 171.918 171.832
    Japanese yen JPY ----------- ----------
    Special
    Drawing Rights
    SDR 1628.949 1628.134

    Indicative rates - (as of) 30.04.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2942 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 30/04/2015 and the results were as follows:

    DETAILS NOTES
    Number of banks 18
    Number of remittance companies 2
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 133,894,775
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 133,894,775
    Total offers for selling (US$) -----



  2. #2

    Re: The Dinar Daily, Saturday May 2, 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

    and

    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
    CBI.iq 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
    DINAR OBSERVER DAILY
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________

    THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

    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″..

    __________________________________________________ ______________

    AND

    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

    waradana.com

    And

    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.

    http://www.iraqhurr.org/content/article/26666313.html

    and

    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.

    ARTICLE LINK

    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.

    http://articles.latimes.com/1991-03-..._kuwaiti-banks


    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,
    Kevin

  3. #3

    Re: The Dinar Daily, Saturday May 2, 2015

    Breaking News Parliament session starts



    Baghdad (Forat) – Parliament session of Saturday started to read and discuss several laws.

    The session is headed by Speaker, Saleem al-Jobouri, and attended by 243 MPs. /End/

    alforatnews.com

  4. #4

    Re: The Dinar Daily, Saturday May 2, 2015

    Breaking News Hakim: We deal with US Administration not Congress



    Baghdad (Forat) – The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, we deal with the US Administration and not with the Congress.

    “We will declare our final stance regarding the proposed law draft over Iraq when the US Administration identifies its stance,” he concluded. /End/

    alforatnews.com

  5. #5

    Re: The Dinar Daily, Saturday May 2, 2015

    Oil prices retreat on profit taking



    Baghdad (Forat) - Oil prices fell today as investors took profit following the two-day sharp rise.

    Oil prices pulled back from 2015 highs which were buoyed by lower crude inventories at Cushing, Oklahoma, the delivery point for the U.S. contract dropped. Inventories at the storage hub lost 510,000 barrels to 61.68 million barrels last week, according to Energy Information Administration.

    Investors started to cash in gains on the two-day rally on Friday. Meanwhile, news of an increasing output from Middle East also dealt a blow to crude prices.

    Iraq’s crude exports hit a record high in April, according to a spokesman from the Oil Ministry.

    Meanwhile, U.S. rig count continued to drop last week. Analysts believed that low crude prices forced U.S. shale oil producers to slow down the output.

    The number of U.S. rigs actively drilling for oil and natural gas of the week ended May 1, fell 27 rigs to 905, reported oil service company Baker Hughes Friday.

    Light, sweet crude for June delivery lost 48 cents to settle at 59.15 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 32 cents to close at 66.46 dollars a barrel./End/

    alforatnews.com

  6. #6

    Re: The Dinar Daily, Saturday May 2, 2015

    After meeting for three hours ... the formulation of Parliament fails to respond to the decision of Congress project



    Long-Presse / Baghdad

    Failed Iraqi Council of Representatives, on Saturday, the drafting of the decision to respond to the US Congress a project on the arming of the Peshmerga forces and tribal fighters after about three hours on the meeting between the heads of parliamentary blocs.

    A parliamentary source said in an interview to the (long-Presse), "The House of Representatives voted during its meeting of 34 of the second legislative term legislative year, the first held, today, rejected the wording of the decision to respond to the US Congress a project on the arming of the Peshmerga forces and fighters of the Sunni tribes."

    The source, who asked not to be named, said: "The majority of the House of Representatives objected to the wording of the decision reached by the heads of parliamentary blocs during the meeting lasted about three hours, resulting in a lack of a pass."

    The head of the Iraqi Council of Representatives Saleem al-Jubouri called during parliament's 34 session, which was held on Saturday, the heads of parliamentary blocs to hold a meeting in the cafeteria of the Council to agree on a final version to respond to a draft congressional resolution the US on arming the Peshmerga forces and fighters of the clan without reference to the central government.

    The Iraqi Council of Representatives decided during its meeting of the 33 held, the first on Thursday, (April 30, 2015), to postpone the Congress to respond to the draft decision of arming the Peshmerga forces and Sunni tribes without reference to the central government this week, because of the differences.

    The foreign media and local, picked up a bill presented to the US Congress proposes to finance the Peshmerga and the year estimated separately from the Iraqi government, and provide arms to them directly, what the effects of a stir within the local Iraqi community.

    The head of the Iraqi Council of Ministers, Haider al-Abadi, announced, on Wednesday, (the 29th of this April 2015), rejected the draft of that law, and called to stop being will lead to "more divisions" in the region.

    http://www.almadapress.com/ar/news/47908/%D8%A8%D8%B9%D8%AF-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%84%D8%AB%D9%84%D8%A7%D8%AB-%D8%B3%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%81%D8%B4

  7. #7

    Re: The Dinar Daily, Saturday May 2, 2015

    Parliamentary Finance: sufficient funds for salaries

    There's money to the Iraqi treasury sufficient to cover the operating budget expenditures .

    BAGHDAD / Obelisk: the parliamentary finance committee confirmed, and there are sufficient funds to cover state employees and pensions during the year.

    A member of the committee MP Mirza Masood I followed in a statement for "obelisk", that "there are no any intention of the federal government to reduce or savings or cut the salaries of employees and retirees this year."

    He added that "there's money the Iraqi treasury has enough to cover the operating budget, which includes employees and retirees salaries expenses," noting that "if necessary, the state Sstltjo to external borrowing or internal to secure salaries on the grounds it touches the citizen and the impact on their standard of living."

    The news indicated the existence of intent with the Ministry of Education to cut the salaries of teachers during the summer holidays due to the current financial crisis.

    Ivzkr the parliamentary Finance Committee announced earlier, the federal government Stltjo to apply the savings to the salaries of public employees system in the event of continued low oil prices and the worsening financial crisis.

    http://almasalah.com/ar/news/52473/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9--%D8%A7%D9%85%D9%88%D8%A7%D9%84-%D9%83%D8%A7%D9%81%D9%8A%D8%A9-%D9%84%D9%84%D8%B1%D9%88%D8%A7

  8. #8

    Re: The Dinar Daily, Saturday May 2, 2015

    Financial expert warns of putting Iraq on the blacklist due to money laundering

    Tomorrow press Baghdad: financial expert warned Sadiq Mahmoud Bayati, Saturday against Iraq put on the black list of countries dealing with money laundering.

    Al-Bayati said for "tomorrow," "the work of Iraq's anti-money laundering system without a formal law regulates the currency would make him vulnerable to its blacklist of countries where money-laundering organization unchecked."

    "The Central Bank has been working since 2004 to date to help combat money laundering but between the period and confirm that he is organizing and pushing a special law against money laundering to the House but that did not happen."

    Al-Bayati said that "the situation in Iraq is not blacklisted some companies engage in various investment projects because their laws do not permit as well as doubts about the International Monetary Fund and the World Bank to finance Iraq through loans and are wary of the Iraqi Government and the Central Bank and most of the time a money laundering organization in Iraq."

    And a House two months ago of a Tripartite Commission of financial integrity and economic representative to discuss money laundering, said the Tripartite Commission that it collected information and evidence on money laundering and currency smuggling.

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falghadpress.com%2Far%2Fnews%2F30485 %2F%25D8%25AE%25D8%25A8%25D9%258A%25D8%25B1-%25D9%2585%25D8%25A7%25D9%2584%25D9%258A-%25D9%258A%25D8%25AD%25D8%25B0%25D8%25B1-%25D9%2585%25D9%2586-%25D9%2588%25D8%25B6%25D8%25B9-%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7 %25D9%2582-%25D9%2581%25D9%258A-%25D8%25A7%25D9%2584%25D9%2582

  9. #9

    Re: The Dinar Daily, Saturday May 2, 2015

    Parliamentary economy : activating the role of the central markets will contribute to the advancement of economic reality



    Committee called for the economy parliamentary member of the olive-Dulaimi, Saturday, to the necessity of activating the role of "central market", noting that this will contribute to the advancement of the economic reality of Iraq.

    She said al-Dulaimi told / information /, "The investment law will chart the road map Per investments inside Iraq, including supermarkets, as it would be factor enabled the private sector in general, "noting that" the law will be launched soon. "

    She added that "the supermarkets have a significant role in promoting the economic reality of Iraq, attention and must be in full, as it was Previously in the eighties and nineties, where had a significant impact on the economy of the country. "

    The Ministry of Commerce has confirmed earlier, as in the process of studying three options for activating the role of the central markets and develop its work in the coming period, in order to contribute to the advancement of the Iraqi economic reality and to contribute to the financing of part of the shortfall in the general budget for 2015 ended / 25 T.

    http://www.almaalomah.com/news/19167/الاقتصاد-البرلمانية:-تفعيل-دور-الأسواق-المركزية-

  10. #10

    Re: The Dinar Daily, Saturday May 2, 2015

    The World Bank lent to Iraq to support the construction and provision of services

    Focused economic seminar held by the World Bank in Baghdad about overcoming the current liquidity crisis and how to support Iraq and the priority of rebuilding liberated areas experiencing a lack of services, and in the presence of World Bank Vice-President for the Middle East and North Africa, Hafez Ghanem, a large number of experts, researchers and those interested in economic affairs. the Vice-President of the World Bank the World Bank's desire to work with Iraq to support its budget, saying such support through the loan is repaid in 35 years with Five years additional allowance benefit up to 1.5 percent of the loans in terms of conditions and facilities compared to their banks and private institutions, adding that Ghanem to give Iraq two loans, quick loans, first to support reconstruction and the provision of services for the liberated areas. over 9

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falestiqama.com%2F%3Fp%3D163873

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