The Dinar Daily, Friday May 15, 2015
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  1. #1

    The Dinar Daily, Friday May 15, 2015


    US dollar USD 1166.000 1164.000

    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
    Drawing Rights
    SDR 1637.752 1636.933

    Indicative rates - (as of) 12.5.2015 (no change as of 15.5.2015)

    Currency Auctions

    Announcement No. (2949 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 11/05/2015 (no change as of 15/05/2015) and the results were as follows:

    Number of banks 18
    Number of remittance companies 1
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 143,644,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 143,644,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-16-2015 at 10:27 AM.

  2. #2

    Re: The Dinar Daily, Friday May 15, 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, Friday May 15, 2015

    The stability of oil prices despite the increased supply

    BAGHDAD / Obelisk: Brent crude rose in July contracts three cents, to $ 66.73 a barrel. Oil prices settled little changed on Friday, but it is moving to end the week slightly higher with the support of the dollar fell and expectations of lower US crude production growth.

    US crude and tends to rise for the ninth straight week, to record the longest rally since 1983. US crude stocks fell from record highs, while the government cut its forecast for the growth of crude production in 2015 and 2016.
    By 06:31 GMT, the price decline in US crude West Texas Intermediate futures June delivery six cents to $ 59.82 a barrel.

    Brent crude in July contracts for three cents, to $ 66.73 a barrel. Brent and heading for the nearest month maturity to achieve weekly gain after it fell 1.6 percent last week to halt a rally that lasted months.
    However, some analysts said prices have improved, despite the weakness of the basic oil market factors. And it continues to exceed supply growth of demand which limit him weak global economy.

    Price was not greatly affected by the escalation of tension in the Gulf, ships launched after an Iranian naval shots on the Singapore-flagged tanker in the Gulf last Thursday.
    Last edited by pinkadonai1; 05-15-2015 at 09:18 AM.

  4. #4

    Re: The Dinar Daily, Friday May 15, 2015

    Gold at its highest level in three months

    Information / follow-up / .. gold traded near its highest level in three months during Asian trading on Friday, heading for its biggest weekly increase in four months with receding expectations for an increase close in US interest rates.

    Settled price Spot gold at $ 1219.00 an ounce (ounce), by 05:00 GMT, after it posted a gain of 0.5 percent in the previous session when prices jumped to $ 1227.04, the highest level since the seventeenth of February
    and the yellow metal is high about 3 percent from its level at the beginning of the week , the largest weekly increase since mid-January and strengthened the US data recently released market expectations that the world's largest economy is not strong enough for the Federal Reserve starts raising interest rates from record low level in June
    Last edited by pinkadonai1; 05-15-2015 at 09:28 AM.

  5. #5

    Re: The Dinar Daily, Friday May 15, 2015

    Asadi calls for the elimination of the application of penal provisions against all politicians who conspire to Iraq

    Bagdad - ...Student memberof a coalition of state law, MP Adnan Hadi al-Asadi Chairman of the Supreme Judicial Council and the Prosecutor General and the President of the Federal Court to apply penal provisions against all politicians who conspire against Iraq and seeking to divide it.

    Asadi said in a statement received "eye Iraq News" that the President of the Federal Court and the Prosecutor application of Article 156 of the Penal Code No. 111 of 1969 amended, which provides punished by death both actually committed with intent to prejudice the independence of the country or its unity or territorial integrity, and every act It would lead to this. "

    He stressed al-Asadi "the need to activate the text and apply it by moving the complaints before the courts the right of every person held official contacts or informal with a second country with a view to request aid to the division of Iraq or create Contrary to the Constitution of the Republic of Iraq in force region or not to follow the legal proceedings in connection with it or request aid military, financial, for the same purpose. without the consent of the Iraqi government, because all of that is one of the actions that are intended to prejudice the independence of the country. "

    He warned al-Asadi that Iraq is passing through a critical juncture threatens the independence and unity through what promise (Zionist-American project to divide Iraq into three states on the basis of a nationalist and sectarian and doctrinal) and pointed out that all previous moves to a number of politicians, officials and tribal leaders Iraqis between America and Saudi Arabia and Alardn.anthy 1
    Last edited by pinkadonai1; 05-15-2015 at 09:40 AM.

  6. #6

    Re: The Dinar Daily, Friday May 15, 2015

    Baghdadi: Defeats blackout on attacking Iraq, "Al-Saud, the people of Sugar"

    BAGHDAD / Obelisk: Al-Baghdadi, leader of Daash voice recording: Not Slol nor the rulers of the island and the people of war storm Hzmanm they will spend on them. The face of Abu Bakr al-Baghdadi, the leader of al Daash terrorist, a voice message which he addressed the military operations led by Saudi Arabia in Yemen, addressed a letter requesting to immigrate to what he described as "the Islamic caliphate", and expected an urgent end to the royal family in Saudi Arabia.

    The al-Baghdadi's speech on the eve of the Camp David summit between US President Barack Obama and the leaders of the Gulf states, and after a strong military strikes received in several areas in Iraq.
    Despite the attack the terrorist al-Baghdadi to Saudi Arabia and other countries, but it does not eliminate assertions about secret and indirect support received from Gulf parties indirectly but with the knowledge of governments to prolong the conflict in Iraq and Syria.

    The interview coincided with al-Baghdadi, the famous "hard-working" for the Saudi ruling family warbler statements problem in Saudi Arabia is beyond repair, and the fear of a popular uprising ousted by.

    He said al-Baghdadi in the recording bore the name "rush lights and heavies," The rulers tyrants who tell your country in the Two Holy, Yemen, Syria, Iraq, Egypt, Morocco, Khorasan and the Caucasus, India, Africa and everywhere but they are allies of the Jews and the Crusaders, but the servants of them and served as guard dogs only.

    He asked the terrorist al-Baghdadi, the rulers of the island for aircraft of the Jews who desecrate the ascension of Prophet God bless him, also questioned the lack of victories Slol and their allies for the underdog exterminated million Muslims in Burma wiped out.

    He said al-Baghdadi, where many of the cadres of terrorists, the Saudis that the bulk of the rulers of the island Anfdhawwa and exposed Soothm and have lost their legitimacy and the alleged betrayal became apparent even on ordinary Muslims and showed up for what they are

    He said the terrorist Al-Baghdadi Al Salool what he felt abandoned by their masters them and driving them such as shoes worn alleged launched their war in Yemen and what are the storm packs and what, God willing, but kick before the death of unchallenged in his last breath. "

    Baghdadi did not attack Turkey or Qatar, the cast doubt what the other is talking about the secret relationship between these two countries and Daash terrorist organization.

    He predicted the terrorist al-Baghdadi said the people of the Arabian Peninsula market gather around what he calls the "Islamic state" being the defending them, and that the packets storm is "their end."

    He said Slol and the island's rulers are not the people of war nor the patience for them, but are the people and the welfare of the people and the luxury of sugar and dance and banquet.

    As usual, al-Baghdadi devoted part of his speech to inflame sectarianism in Iraq appealed to the Sunnis in Iraq, especially Anbar to join the "Islamic state".

    And it is not excluded that al-Baghdadi focus on Saudi Arabia is a part of the scene shuffle the deck of political events in the region, Saudi Arabia and the show as the first target of Daash,

    To cover up the role of the foundation of the Wahhabi movement of Saudi Arabia as the first intellectual upstream of terrorism in the world. As the terrorist al-Baghdadi focus on Saudi Arabia without a senior military operations waged in Iraq is organized, try to gloss over the defeats suffered by the Iraqi army in front of the popular crowd. F%25D8%25A7%25D9%2584%25D8%25A8%25D8%25BA%25D8%25A F%25D8%25A7%25D8%25AF%25D9%258A-%25D8%25AA%25D8%25B9%25D8%25AA%25D9%258A%25D9%2585-%25D8%25B9%25D9%2584%25D9%2589-%25D8%25A7%25D9%2584%25D9%2587%25D8%25B2%25D8%25A7 %25D8%25A6%25D9%2585-%25D8%25A8%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1 %25D8%25A7%25D9%2582-&edit-text=&act=url
    Last edited by pinkadonai1; 05-15-2015 at 01:40 PM.

  7. #7

    Re: The Dinar Daily, Friday May 15, 2015

    Repost from late last night:

    Iraq fertile ground for investors

    Ministry of Municipalities and Public Work / Turkish Economy Minister Pftaath economy Conference and Investment
    and Minister of Municipalities: Iraq fertile ground for investors opened Economy Minister Nihat Zabkja Conference economy and investment held by the Ministry of Economy of Turkey in Istanbul in the presence of a number of Iraqi ministries.

    He said Zabkja in the opening speech that the conference is aimed at economic communication between Iraq and Turkey and the need to develop it in light of the desire of the Turkish companies to invest in Iraq friendly country that concerns us stability, security and economic, which reflected positively on Turkey, which strongly the Iraqi government support in their quest to liberate the rest of the land stolen by terrorist elements Daash.
    The Turkish government is very interested in developing relations with Iraq in all fields, including economic, investment and meeting today will contribute to the documentation of this relationship and move it forward.

    Then he gave the minister Zabkja the floor to Mr. Minister of Municipalities and Public Works Abdul-Karim al-Ansari, who praised in the introduction to his speech, the Turkish government's initiative in holding this conference on the land of the friendly Republic of Turkey to discuss one of the most prominent issues that Iraq needs today as he continues his career with confidence and faith, resolve and determination to complete his experience of the Federal Democratic Those are the investment dilemma that represent us a central event and anchor strategically to support the process of construction and reconstruction on the one hand and move the wheel of the national economy and providing the conditions and requirements re-spin which represented a re vital sectors and wide the particular national, Arab and friendly capital.

    He added that Iraq is the wealth of material and human features of its environment and the diversity of its natural resources riches, particularly oil, sulfur, copper, iron and other as well as agricultural renaissance religious, archaeological and tourism requirements what makes him actually one of the richest countries in the world capable of providing best chances of multiple forms of investment and so the doors of Iraq is open to all friends and brothers to contribute to building the foundations of investment Renaissance.

    The minister Ansari and accept investment opportunities in the Ministry of Municipalities, stressing the ministry is ready to provide all the support and backing of investors.

    On the sidelines of the conference Minister Ansari held a lengthy meeting with the Minister of Economy and a large number Turkish wishing to introduce them to investment opportunities and vast investment companies in Iraq, stressing that the central and southern governorates completely safe and that the coming days will witness an Iraq completely safe. 3FID%3D1075&edit-text=&act=url
    Last edited by pinkadonai1; 05-15-2015 at 01:42 PM.

  8. #8

    Re: The Dinar Daily, Friday May 15, 2015

    US Gulf summit starting at Camp David

    BAGHDAD / Obelisk : Rhodes said that the United States is considering the possibility of activating the American support for the Gulf Cooperation Council in the field of defense technical . Confirmed Ben Rhodes, deputy adviser of US President for Security Affairs, opening up the White House to grant the Gulf Cooperation Council (GCC) put the most prominent US ally outside NATO.

    Commenting on the US-Gulf summit talks hosted by Thursday 14 May Camp David (Maryland), Rhodes said that some Member States in the GCC currently enjoy this situation, expressing his belief that the first thing you care about these countries is "to offer its guarantees public guaranteeing its security. "

    This Rhodes reported that the United States is considering the possibility of activating the American support for the Gulf Cooperation Council in the field of defense technical, including missile defense and maritime security security and special operations and counter-terrorism operations and guarding the border.

    According to Rhodes, the issue of granting the Gulf countries, said the situation has been brought up in Camp David but were not a major topic in discussions on "a number of issues, most notably the Iranian issue."

    Rhodes said that US President Barack Obama told the leaders of the six GCC countries conduct group "5 negotiations +1" with Iran over its nuclear program. F%25D8%25A7%25D9%2586%25D8%25B7%25D9%2584%25D8%25A 7%25D9%2582-%25D8%25A7%25D9%2584%25D9%2582%25D9%2585%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25A3%25D9%2585%25D8%25B1 %25D9%258A%25D9%2583%25D9%258A%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25AE%25D9%2584%25D9%258A %25D8%25AC%25D9%258A%25D8%25A9-%25D9%2581%25D9%258A-
    Last edited by pinkadonai1; 05-15-2015 at 01:43 PM.

  9. #9

    Re: The Dinar Daily, Friday May 15, 2015

    Labour develop a fund to lend to the unemployed

    BAGHDAD / Obelisk: It introduced the Ministry of Labour and Social Affairs, on Thursday, a fund for lending to the unemployed .
    Introduced the Ministry of Labour and Social Affairs, on Thursday, a fund for lending to the unemployed and start the implementation of the beneficiaries of the social safety net salaries field survey to curb corruption.

    A statement from the ministry and its minister Mohammed Shia'a Alsoadenei as saying during his visit to the province of Qadisiyah, that the success of the survey project for the subsidy beneficiaries of social protection is not only limited to the ministry, but is a success for all state institutions.

    Sudanese and pointed out that the social protection law an important pillar for the implementation of government directives in the elimination of unemployment and poverty alleviation, especially in very poor provinces.

    The Minister of Labour during his visit to the ministry departments in Diwaniya on the implementation of the new Law on Social Protection as a prelude to a policy of mitigation associated with poverty in these areas. F%25D8%25A7%25D9%2584%25D8%25B9%25D9%2585%25D9%258 4-%25D8%25AA%25D8%25B3%25D8%25AA%25D8%25AD%25D8%25AF %25D8%25AB-%25D8%25B5%25D9%2586%25D8%25AF%25D9%2588%25D9%2582 %25D8%25A7-%25D9%2584%25D8%25A5%25D9%2582%25D8%25B1%25D8%25A7 %25D8%25B6-%25D8%25A7%25D9%2584%25D8%25B9%25D8%25A7%25D8%25B7 %25D9%2584%25D9%258A%25D9%2586
    Last edited by pinkadonai1; 05-15-2015 at 01:44 PM.

  10. #10

    Re: The Dinar Daily, Friday May 15, 2015

    Jubouri warns of "imminent collapse" in Ramadi

    Tomorrow Press / Baghdad - warned House Speaker Saleem al-Jubouri, Friday, from "imminent collapse" possible in Ramadi by the Daash attack on a government compound, indicating that this collapse him beyond danger to the national security level. Jubouri said in a statement received "tomorrow Press "," We demand the international coalition and the government more support and assistance to troops stationed in Anbar through air coverage and additional pieces of ground.

    " He added that "the conservative security leaders communicate with him since the start of the attack this morning demanding to intervene immediately to save the families before committing Daash new massacre civilians, "warning of" imminent collapse possible in Ramadi Daash by the attack on the government complex. " %2F%25D8%25A7%25D9%2584%25D8%25AC%25D8%25A8%25D9%2 588%25D8%25B1%25D9%258A_%25D9%258A%25D8%25AD%25D8% 25B0%25D8%25B1_%25D9%2585%25D9%2586_%2522%25D8%25A 7%25D9%2586%25D9%2587%25D9%258A%25D8%25A7%25D8%25B 1_%25D9%2588%25D8%25B4%25D9%258A%25D9%2583%2522_%2 5D9%2581%25D9%258A_%25D8%25A7%25D9%2584%25D8%25B1% 25D9%2585%25D8%25A7%25D8%25AF%25D9%258A&edit-text=&act=url
    Last edited by pinkadonai1; 05-15-2015 at 01:45 PM.

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