The Dinar Daily, Tuesday May 12, 2015
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  1. #1

    The Dinar Daily, Tuesday May 12, 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 1299.157 1298.508
    British pound GBP 1804.968 1804.066
    Canadian dollar CAD -------- --------
    Swiss franc CHF 1251.341 1250.716
    Swedish krona SEK 140.995 140.924
    Norwegian krone NOK 154.212 154.135
    Danish krone DKK 174.084 173.997
    Japanese yen JPY 9.737 9.732
    Special
    Drawing Rights
    SDR 1637.752 1636.933

    Indicative rates - (as of) 12.5.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2948 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 10/05/2015 (no change as of 12/05/2015) and the results were as follows:

    DETAILS NOTES
    Number of banks 17
    Number of remittance companies 1
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 146,902,904
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 146,902,904
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-13-2015 at 10:52 AM.



  2. #2

    Re: The Dinar Daily, Tuesday May 12, 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, Tuesday May 12, 2015

    Displaced people in Karbala demanding Abadi rescue them from "homelessness" and maintain accuses the Department of Immigration to "involve it."



    Long-Presse / KarbalaAccused displaced clasped in Karbala on Tuesday, the concerned authorities to "displacement and neglect" after their demand to leave the hotels that dwell therein, and called for the prime minister, Haydar al-Abadi, supervise their case and find a solution to their problem, while the Council of Karbala, accused the Ministry of Displacement and Migration to create a "problem" to maintain and causing delays in the completion of complex housing the displaced, carry immigration committee responsible for the displaced circle restrict its work.

    The bailer from Nineveh to Karbala, Najm al-Din Mohammed, in an interview to the (long-Presse), "The Ministry of Displacement and Migration housed a group of displaced Shabak to Karbala, in hotels, after they were staying in Shiite mosques," adding that "displaced persons are required to leave Hotels with it because the contract has ended, and the government is unable to pay, rather than renting, without creating an alternative place for them, in a foreshadowing displacing in the streets. "

    For his part, displaced from hand Bartalah in Nineveh, Hakki Ismail, said in an interview to the (long-Presse), "The displaced people in Karbala suffer humiliation and neglect, despite the difficulty of their situation and the lack of financial resource for them," and urged the Supreme religious authority and the Prime Minister, the need to "supervise personally to the displaced file and find a solution to their housing problem in Karbala. "

    It said the Chairperson of the Committee on Migration in Karbala Provincial Council, Leila Zaid religion, in an interview to the (long-Presse), "The Government of Karbala have done their best to serve the displaced where received about a thousand and 700 families of them over the past months," indicating that "the Higher Committee file to the displaced, and the Ministry of Displacement and Migration, Onhta contract with the hotels where displaced people shuffled to Karbala months ago, creating a real crisis and the problem of the province, especially that they were told to leave within 48 hours. "

    She added Zaid religion, that "the Government of Karbala would resort to set up a temporary camp fast as a solution to housing displaced people who will leave the hotel until the completion of their project at arm's length (9 km south of the city center)", attributed the delay in the completion of a housing project displaced maintain to "delay the ratification of the disclosures and appropriations Finance by the supervisor of the displaced file Higher Committee. "

    She explained the Chairperson of the Committee on Migration in Karbala Provincial Council, that "450 Crvana reached Karbala so far of the total allocated for the housing project displaced Al1250", usually that "it is another problem would delay completion of the project."

    In contrast, the Director of the Department of Immigration in Karbala, Qais al-Ghanemi in an interview said, to the (long-Presse), "The Supreme Central Committee supervising the displaced file are hired 23 hotels in Karbala, when he rose to more than a thousand displaced people," noting that "the Committee is completed contracts with those hotels ".

    He said Ghanimi, that "the Ministry of Displacement and Migration had been notified by order of the Supreme Committee not to renew or extend contracts with hotels Karbala, and worked by being the point of executive", blaming "the High Commission responsible for delays in the completion of a housing project for displaced people in Karbala being restricted and the Department of Immigration's instructions and powers were unable to overcome ".

    The Karbala management, has announced that in (the ninth of February 2015), signed a memorandum of understanding with the International Organization for Migration to open its headquarters in the province, (108 km south of Baghdad), and to provide assistance for the displaced in the rest of the Middle Euphrates, while the organization promised to Memorandum believes the partnership between them and the Government of Karbala to work as a team to help the displaced, who suffer situations "tragic" require more assistance and support to enable them to live in dignity.

    The Karbala Management, has announced in, (the fourth of August 2014 the past), for reception of the province, about 50 thousand displaced people, calling for international organizations to provide assistance in this file, which now exceeds its potential, while the United Nations Children's Fund expressed (UNICEF) readiness participate in the establishment of a temporary housing complex for those displaced, and implementation of educational programs and other child welfare and mental health to them.

    The organization (Daash) may impose its control over the city of Mosul, Nineveh province, (405 km north of Baghdad), in (the tenth of last June), and extended its activity beyond, to the provinces of Salahuddin, Kirkuk and Diyala and others, which led to a wave of displacement large in Iraq.

    http://www.almadapress.com/ar/news/48382/%D9%86%D8%A7%D8%B2%D8%AD%D9%88%D9%86-%D8%A8%D9%83%D8%B1%D8%A8%D9%84%D8%A7%D8%A1-%D9%8A%D8%B7%D8%A7%D9%84%D8%A8%D9%88%D9%86-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D8%A8%D8%A5%D9%86%D9%82

  4. #4

    Re: The Dinar Daily, Tuesday May 12, 2015

    The arrival of 543 billion dinars from Baghdad to Arbil



    BAGHDAD / Obelisk: arrived on Monday evening, the amount of 543 billion Iraqi dinars to Erbil, sent by the federal government financial allocations for the month of April.

    The President of the Central Bank in the Kurdistan Region, Adham Karim, through a statement, the source said in a statement I followed for "obelisk", that the federal government has sent 543 billion dinars to the region, financial allocations for the month of April.

    Adham Karim said: "The amount includes $ 33 billion as a budget for the Peshmerga, and 510 billion dinars as part of the region's share of federal financial budget."

    The Erbil and Baghdad have agreed to export 250 thousand barrels of oil in the Kurdistan Region, and 300 thousand barrels of Kirkuk to the oil pipeline run by the Iraqi government, but the implementation process faced a technical problem.

    http://translate.google.com/translate?depth=2&hl=en&prev=search&rurl=translate.google.com&sandbox=0&sl=ar&u=http://www.faceiraq.com/inews.php%3Fid%3D3791643

  5. #5

    Re: The Dinar Daily, Tuesday May 12, 2015

    Presidential statement: Masum aspires to get Iranian aid for the reconstruction of the liberated areas



    Shafaq News / A presidential statement announced on Tuesday, that the Iraqi President of the Republic , Fuad Masum is seeking to get the most possible aid from Iran
    for the reconstruction of the liberated areas from the control of ISIS terrorist organization.

    Masum starts an official visit to Iran that lasts for three days at the invitation of his Iranian counterpart, Hassan Rowhani accompanied by high-level government delegation, including ministers of the environment, trade, tourism and a number of senior advisers, experts and a media team includes a selection of the most prominent journalists and Iraqi photographers.

    The President Masum had confirmed ahead of his official visit to Tehran, that "relations between Iraq and Iran are close and built on the foundations of common religious and cultural values ​​and that there high is coordination between the two countries in all fields, saying that the understanding and agreement of Iraq with Iran, Turkey, Saudi Arabia and other neighboring countries serve the peoples of the region as it comes in continuation of the recent visits to both Saudi Arabia and Turkey.

    The statement added that in this context, President Masum aspires to get as much as possible of Iranian aid within a broad international aid campaign to empower Iraq from the implementation of projects and plans for the reconstruction of the liberated areas from the control of terrorists in preparation for the return of its original inhabitants to their areas and to alleviate the suffering of displaced people in general.

    The statement noted that ways to develop and organize religious tourism and tourism in general will be discussed because of its growing economic importance due to Iraq's possession to ground and naval border with Iran in Diyala, Wasit, Maysan and Basra provinces as well as Kurdistan region, where hundreds of thousands of Iranians cross the Iraqi border daily to visit the holy sites.

    The statement added that the Minister of Commerce is looking through his talks with his Iranian counterpart on ways to facilitate the process of trade exchange and implementation of memoranda of understanding signed recently between the two sides, including the establishment of an Iraqi commercial center in Iran.

    The two sides signed in Baghdad earlier this year a number of trade and economic and banking agreements and facilitate trade in goods and services with the participation of a number of Iraqi ministries.

    http://english.shafaaq.com/politics/14327-presidential-statement-masum-aspires-to-get-iranian-aid-for-the-reconstruction-of-the-liberated-areas.html

  6. #6

    Re: The Dinar Daily, Tuesday May 12, 2015

    Barzani to meet Kurdish Ministers and MPs in Baghdad to reach an agreement with Abadi’s Government



    Shafaq News / A source in the Council of Ministers of Kurdistan Region revealed that the head of the Regional government , Nechirvan Barzani will hold a meeting tomorrow with Kurdish
    MPs, Ministers and officials in Baghdad to discuss existing problems between the two sides and review the form of the relationship between the two problems.

    The source told Shafaq News, that it is scheduled to address the meeting, they discussed the problems relating to the oil agreement signed by Baghdad and Erbil during the formation of the Government of Haider al-Abadi, adding that the budget and the shape of the relationship with Baghdad is in the agenda of the meeting.

    The Regional government has signed with the federal government an agreement to export 550 000 barrels of crude oil per day for the Iraqi government through extending pipelines to the Turkish port of Ceyhan, including 250 000 barrels of oil from the fields of the region and 300 000 barrels of Kirkuk fields, in return for Baghdad to send the region's share of the general budget, amounting to 17% of them, as well as sending Peshmarga Kurdish force’s share from the budget of the Ministry of Defense, amounting to 17% of the share of the Iraqi ground forces as part of the Iraqi defense system.

    However, both sides claim lack of commitment by each party to that agreement and interpreted it in a manner different from what was agreed upon.

    http://english.shafaaq.com/politics/14328-barzani-to-meet-kurdish-ministers-and-mps-in-baghdad-to-reach-an-agreement-with-abadi%E2%80%99s-government.html

  7. #7

    Re: The Dinar Daily, Tuesday May 12, 2015


    Representational file photo.

    Council of Ministers disables official working in Baghdad on Wednesday and Thursday

    By Abdelhak Mamoun - May 12, 2015

    (IraqiNews.com) Baghdad- On Tuesday, the General Secretariat of the Council of Ministers announced disabling the official working hours in the capital Baghdad on Wednesday and Thursday on the occasion of Imam Kadhim’s visit.

    Iraqi state television said in flash news followed by IraqiNews.com, “The General Secretariat of the Council of Ministers declares disabling official working in Baghdad on Wednesday and Thursday.”

    “This came on the occasion of the visit of Imam al-Kazim ,” state television added.

    It is noteworthy that millions of Muslims visit Kadhimiya city north of the capital Baghdad annually to commemorate the martyrdom of Imam Musa al-Kazim.

    http://www.iraqinews.com/features/co...sday-thursday/

  8. #8

    Re: The Dinar Daily, Tuesday May 12, 2015


    Chairman of the Parliamentary Committee on Defense and Security Hakim Zamili

    Ministry of Interior erroneous changes caused escape of 80 terrorists from Khalis Prison, says Zamili

    By Abdelhak Mamoun - May 12, 2015

    Baghdad- The head of the parliamentary Committee on Security and Defense Hakim Zamili confirmed on Tuesday, that the Interior Ministry erroneous changes caused the escape of 80 terrorist from Khalis Prison.

    Zamili said in a statement issued today, “officers’ changes that have occurred in the Interior Ministry caused the escape of 80 terrorists from the grip of justice in Khalis Prison,” considering that, “these changes are wrong.”

    The prison of Khalis police station witnessed on Friday (May 8, 2015) bloody unrest, led to more than 40 detainees escape and the killing of 30 others in fierce clashes with security forces, according to security sources.

    http://www.iraqinews.com/iraq-war/mi...n-says-zamili/

  9. #9

    Re: The Dinar Daily, Tuesday May 12, 2015


    Representational file photo.

    The mastermind of Khalis Prison’s events is a leader in al Qaeda sentenced to death

    By Abdelhak Mamoun - May 12, 2015

    (IraqiNews.com) Diyala-The security committee in Diyala provincial council revealed on Tuesday that a leader in al-Qaida sentenced to death is the mastermind of the events of Khalis prison that occurred a few days ago, indicating to the capture of 50% of the escapees from the prison.

    The head of the committee Sadiq Husseini said in an interview for IraqiNews.com, “the preliminary investigations into the bloody events that hit t Khalis jail on Friday evening has provided clear evidence that a leader in al-Qaeda sentenced to death and detained in the prison is the mastermind and planner for those events.”

    http://www.iraqinews.com/iraq-war/ma...ntenced-death/

  10. #10

    Re: The Dinar Daily, Tuesday May 12, 2015


    Representational file photo.


    Families give their minor daughters to ISIS in exchange for protection in Libya

    By Abdelhak Mamoun - May 12, 2015

    (IraqiNews.com) the British newspaper “The Times” reported the existence of families in the Libyan city of Derna that give their daughters to the extremists in exchange for protection.

    According to doctors in the city, the extremists force young girls to marry them in exchange for providing protection for their families.

    In 2013, doctors recorded one case of underage marriage every three weeks, but since the proliferation of foreign fighters in their city and some declared their loyalty to ISIS, the numbers doubled to 15 cases every three weeks. The problem began when extremists seized the city in 2013 and the disappearance of army, police, and the courts.

    The city has also seen a big increase in cases of abortion and the death of embryos and other diseases. A smaller case was recorded by human rights organizations for 12 years old girl raped repeatedly by extremists.

    http://www.iraqinews.com/arab-world-...tection-libya/

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