The Dinar Daily, Tuesday May 5, 2015
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  1. #1

    The Dinar Daily, Tuesday May 5, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1300.323 1299.673
    British pound GBP -------- --------
    Canadian dollar CAD 962.761 962.280
    Swiss franc CHF 1246.792 1246.169
    Swedish krona SEK 139.026 138.957
    Norwegian krone NOK 174.199 174.112
    Danish krone DKK -------- --------
    Japanese yen JPY -------- --------
    Drawing Rights
    SDR 1632.225 1631.409

    Indicative rates - (as of) 5.5.2015

    Currency Auctions

    Announcement No. (2943 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 03/05/2015 and the results were as follows:

    Number of banks 20
    Number of remittance companies 2
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 198,203,209
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 198,203,209
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-06-2015 at 10:08 AM.

  2. #2

    Re: The Dinar Daily, Tuesday May 5, 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, Tuesday May 5, 2015

    IBBC Spring Conference Iraq 2015: Realising Potential

    The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June.

    Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E Dr Rowsch Shaways, Iraq Deputy Prime Minister, H.E. Mr Tariq Al-Khilkani, Iraq Minister of Housing and Construction, Dame Zaha Hadid, MP Rory Stewart, and Lord Howell of Guilford, amongst others.

    The event's first day at Mansion House will include sessions on the present situation in Iraq, Finance, Oil and Gas, and the Built Environment. IBBC members Shell and Garda World will be sponsoring the event.

    The second day of the event at the Royal Over-Seas League, sponsored by Wolverhampton University, will focus on Small and Medium Businesses in Iraq and will count with the participation of business representatives coming from all Governorates of Iraq.

    The Spring Conference dinner will be held at the Simpson's in the Strand by the Savoy Hotel.

    The second day of the event at the Royal Over-Seas League will focus on Small and Medium Businesses in Iraq and will count with the participation of business representatives coming from all Governorates of Iraq.

    For the first time in the history of the event there will be a limited number of tickets available to non IBBC members.

    IBBC* is the foremost membership organisation facilitating international investment and trade into the Republic of Iraq. Its Executive Chairman (honorary) is Baroness Nicholson of Winterbourne. Full structures and Statues of IBBC including the present membership of its Executive Committee can be found on A list and profiles of all IBBC Members can be found on

    *The Iraq Britain Business Council is a charitable company registered in England and Wales with company number 06929280. Registered as an NGO in Iraq with registration number 2D7610
    Last edited by pinkadonai1; 05-05-2015 at 10:12 AM.

  4. #4

    Re: The Dinar Daily, Tuesday May 5, 2015

    70 tons of weaponry arrive to Kurdistan from Germany without government’s knowledge, says MP

    ( Babil – The chairman of the parliamentary gathering competencies MP Haitham al-Jubouri revealed on Monday, that 70 tons of various weapons had arrived in the Kurdistan region coming from Germany without the government’s knowledge, considering that as a violation of the recent decision to the House of Representatives against the intervention in Iraq’s internal affairs.

    Jubouri said in an interview for, “70 tons of various weapons have arrived today in the Kurdistan region of Iraq from Germany,” noting that “these weapons came without the knowledge of the Federal Government or being signed by the general commander of the armed forces.”

    “This action is contrary to the recent decision of the Council of Representatives about the intervention of any state in our internal affairs or to deal with the components without passing through the Federal constitutional institutions”, Jubouri added.
    Last edited by RCookie-Legacy; 05-05-2015 at 02:46 PM.

  5. #5

    Re: The Dinar Daily, Tuesday May 5, 2015

    Iraq will not default on salaries due in June says Finance Committee MP

    ( Baghdad – The Finance Committee of Parliament denied allegations that the central government is unable to pay salaries after June and confirmed that Iraq’s foreign currency reserves exceed $60 billion US dollars.

    The Finance Committee Member of Parliament, Masood Haider, said in a press statement “The rumors about the Iraqi government’s inability to pay employee salaries after June is merely anti-government propaganda and an attempt to make it fail,” noting that “apart from other revenue streams, the state’s oil revenues alone exceed $4 billion USD while employee salaries only amount to $3.4 billion USD.”

    Haider added that “Iraq has large foreign currency reserves in excess of $60 billion USD and 80 tons of gold to support the Iraqi Dinar” stressing that “Iraq is not a bankrupt country and that it preservers through a financial crisis that is a result of irrational policies from the previous regime.”
    Last edited by RCookie-Legacy; 05-05-2015 at 02:47 PM.

  6. #6

    Re: The Dinar Daily, Tuesday May 5, 2015

    IS Says It Sent Gunmen on Texas Shooting Spree

    The Islamic State militant group is claiming responsibility for Sunday's attack on a convention center outside Dallas, Texas, where a contest for cartoons depicting Islam's Prophet Muhammad was taking place.

    There was no immediate comment from U.S. officials on the Islamic State claim.

    The extremist group made the announcement Tuesday on its radio station, saying "two of the soldiers of the caliphate" carried out Sunday's attack on a free speech event in the town of Garland.

    "We tell America that what is coming will be even bigger and more bitter," the Islamic State group said in its statement, the first time it had claimed responsibility for an attack on U.S. soil.

    It was unclear whether the group had an actual hand in planning the operation, or whether the two suspects had pledged allegiance to the group and carried out the attack on their own.

    Police have identified the assailants in the attack as Elton Simpson and Nadir Soofi, who shared an apartment in Phoenix, Arizona. The pair opened fire on the conference center, wounding a security guard, before they were shot and killed by Garland police officers.

    Known to law enforcement

    Court documents show that Simpson had been under surveillance since 2006 and convicted in 2010 of lying to FBI agents over his desire to join violent jihad in Somalia.

    FBI agents and police searched the two men's home in Phoenix, cordoning off the apartment complex and evacuating residents for several hours.

    Joe Harn, a spokesman for the Garland, Texas, police department said that while the motivation for the attack remains unknown, "obviously they were there to shoot people." Police found ammunition and luggage in the attackers' car, but no bombs despite initial suspicions.

    An organization called the American Freedom Defense Initiative, also known as Stop the Islamization of America. sponsored the event, which offered a $10,000 prize for the winner.

    AFDI executive director Pamela Geller told CNN the event was "about freedom of speech." The group's website said more than 350 cartoons were submitted to "show that Americans will not be cowed by violent Islamist intimidation."

    The Southern Poverty Law Center, which maintains data on hate groups throughout the United States, calls AFDI an "anti-Muslim extremist" organization.

    Dutch politician Geert Wilders, a critic of Islam who said last week the United States should ban Muslim immigrants, was the keynote speaker at Sunday's event. He mentioned on Twitter the shots being fired and said he left the building after his address.

    Many Muslims find depictions of the Prophet Muhammad to be insulting to Islam. The issue has sparked tensions with those who see the drawings as a free speech issue.

    In January, two gunmen attacked the French satirical magazine Charlie Hebdo, which had featured multiple cartoons depicting the Prophet Muhammad, killing 12 staff members.

    Other Western attacks

    There also have been numerous attack in other Western countries believed related in some way to the group, which holds roughly a third of Iraq and Syria.

    In October, Canada was hit by two terror attacks by so-called "lone wolves" believed to have been inspired by the Islamic State group.
    In Ottawa, a gunman shot and killed a soldier at Canada's National War Memorial and then stormed Parliament before being gunned down.
    Two days earlier, a man ran over two soldiers in a parking lot in Quebec, killing one and injuring the other before being shot to death by police.
    Some information for this report provided by AP.
    Last edited by RCookie-Legacy; 05-05-2015 at 02:48 PM.

  7. #7

    Re: The Dinar Daily, Tuesday May 5, 2015

    Iraq will not default on salaries due in June says Finance Committee MP

    TEHRAN (FNA)- Informed military sources announced that the Syrian Army has attacked the rebels' defense lines, pushing them back in several neighborhoods in Aleppo.
    The sources said that the Syrian army has approximately advanced against the rebels groups and has liberated some of the neighborhoods which have been under rebels' control.

    The sources added that scores of rebels have been killed and wounded in the army's operations.

    al-Lairamon, al-Amryeh, Saladin, al-Mashad, al-Sukkari, al-Ramouseh, al-Sheikh Saeed, al-Rashidin, Ourm, Bani Zaid, al-Shaqif, Kifr Naha and near the air force academy in Aleppo have been the main fighting.

    Also on Monday, military sources in the Northern battlefields said that the Syrian Army has continued raiding the militants' strongholds in various villages and towns of Aleppo province, killing and wounding dozens of terrorists.

    The sources told FNA that the rebels' concentration centers in Khan al-Assal, al-Sukkari, Bani Zaid, Hreitan, Dweir al-Zaitoun, Dann, al-Sheikh Lutfi and near the air force academy in Aleppo and its countryside were targeted by the Syrian army troops, who killed and wounded dozens and captured dozens more in the battlefields.

    Saladin, al-Rashideen, Aleppo’s old city, Hanano and al-Sakhour were also the scenes of heavy clashes between the Syrian soldiers and the rebels, who left a large number of killed and wounded bodies behind and fled to the safer areas.

    Syria has been grappling with a deadly crisis since March 2011. The violence fuelled by Takfiri groups has so far claimed the lives of over 210,000 people, according to reports. New figures show that over 76,000 people, including thousands of children, lost their lives in Syria last year.
    Last edited by RCookie-Legacy; 05-05-2015 at 02:49 PM.

  8. #8

    Re: The Dinar Daily, Tuesday May 5, 2015

    20 terrorists killed in the road leading to Baiji refinery

    Shafaq News / 20 ISIS terrorists were killed after clearing the road leading to Baiji refinery north of Tikrit , the center of Salahuddin province ,The Spokesman for the Iraqi Ministry of Interior , Brigadier Saad Maan said on Tuesday.

    Brigadier-General , Maan said in a statement reported to Shafaq News that “ a joint force of Special Operations and federal police as well as detachments of anti-explosives , a regiment of the presidential brigade and a group of Popular Mobilization Units (PMU), began to attack from al-Mazraa area toward Tal al-Jarad and Baiji refinery to clear the road leading to Baiji refinery.”

    Maan added that this operation resulted in killing 20 terrorists and the destruction of two vehicles of the terrorists, indicating that the security forces are continuing progress to clean up the road to Baiji refinery with the active participation of Anti- explosives forces .

    A military source told Shafaq News earlier that the security forces were able to after the arrival of reinforcements to destroy the defense lines of ISIS that were holed up in Baiji district, north of Tikrit city.
    Last edited by RCookie-Legacy; 05-05-2015 at 02:50 PM.

  9. #9

    Re: The Dinar Daily, Tuesday May 5, 2015

    Iraqi Kurdistan hails Iran role in fighting terrorism

    Nazim Dabbagh, representative of the Iraqi Kurdistan Regional Government (KRG) in Tehran, said in an interview that Iran plays active and positive role in fight with terrorism

    Referring to the regional cooperation in dealing with the issue of terrorism, Dabbagh said terrorism is not a threat for just a country but for a region and even the world.

    Asked about the massacre of Kurd people by the Iraqi dictator Saddam Hussein (killed in 2006), Dabbagh said the KRG is trying to follow up the case through international societies.

    He lamented double-standard behavior of the countries which are so-called advocates of fight against terrorism.

    Hailing Iran's role in combat with terrorists, he appreciated Tehran's aid to the Iraqi nation and Iraqi Kurdistan.

    About the terrorist Mojahedeen-e Khalq Organization (MKO), Dabbagh said it is not as effective as it was in Iraq in the past.
    Last edited by RCookie-Legacy; 05-05-2015 at 02:50 PM.

  10. #10

    Re: The Dinar Daily, Tuesday May 5, 2015

    Iraqi PM extends invite to the Pope

    The Roman Catholic Cardinal of Argentina has been invited by Iraq's Prime Minister to visit the country and has completed a three-day trip in Iraq.

    The schedule of Cardinal Leonardo Sandri included a trip to the National Museum, encounters with the country's Catholic clergy and ecumenical leadership, and a trip to Anbar province and the Nineveh Plain to meet with displaced Christians and Muslims.

    Vatican Radio reported that Cardinal Sandri will also meet with diplomats and with Iraqi President Fuad Masum.

    He also visited a refugee camp, preached at Iraq's cathedral, and met with civil leaders.

    During one meeting, Prime Minister Haider al-Abadi extended an invitation to the Pope to visit Iraq, according to an Italian media report.

    Cardinal Sandri focused on the reading proclaimed from the Acts of the Apostles, in which St. Paul appears before King Herod Agrippa.

    He renewed his call and the Holy Father's for assistance from the international community to help all those facing persecution in Iraq, and especially for the country's Christian community.

    He thanked the UN's High Representative for Iraq for his presence at the Liturgy, and Cardinal Sandri spoke words of encouragement to the Christians of Iraq.

    He said: "The Cross of the Son of God continues to be planted in this land.

    "In order that the definitive event of the Resurrection might embrace and involve every man - as we read in the Prophet Isaiah and as it is recalled in the Gospel according to St. Luke: 'All flesh shall see the salvation of God."
    Last edited by RCookie-Legacy; 05-05-2015 at 02:51 PM.

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