The Dinar Daily, Sunday May 17, 2015
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  1. #1

    The Dinar Daily, Sunday May 17, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1310.467 1309.812
    British pound GBP 1827.355 1826.442
    Canadian dollar CAD 972.720 972.234
    Swiss franc CHF 1262.588 1261.957
    Swedish krona SEK 141.067 140.996
    Norwegian krone NOK 156.110 156.032
    Danish krone DKK 175.594 175.507
    Japanese yen JPY 9.700 9.969
    Drawing Rights
    SDR 1645.086 1644.264

    Indicative rates - (as of) 17.5.2015

    Currency Auctions

    Announcement No. (2950 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 12/05/2015 and the results were as follows:

    Number of banks 18
    Number of remittance companies 4
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 154,832,843
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 154,832,843
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-18-2015 at 10:14 AM.

  2. #2

    Re: The Dinar Daily, Sunday May 17, 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, Sunday May 17, 2015

    Iraqi cabinet discusses its meeting next problems between Erbil and Baghdad

    Roudao - Arbil: detect secretary and Minister of the Kurdistan Regional Council, Amanj Rahim, Sunday, that the Iraqi Council of Ministers will discuss during its next meeting problems between Erbil and Baghdad, pointing out that the government delegation would go to Baghdad if not issued by the meeting's decision in the interest of the province of Kurdistan.

    He said Rahim Network Roudao media, that "the Iraqi Council of Ministers, during its meeting to be held Tuesday (05/19/2015), in the presence of Finance Minister Hoshyar Zebari, will discuss the problems between Erbil and Baghdad, is scheduled to be paragraph of axes meeting." Rahim explained that the head Kurdistan Region Nechirvan Barzani, happened Iraqi Oil Minister Adel Abdul-Mahdi, during his recent visit to Arbil, dissatisfaction Arbil about the positions of Baghdad, and "the oil minister did not deny that the Kurdistan Region issued during the month of April the necessary amount of oil."

    The Nechirvan Barzani, said during a joint press conference with the President of the Parliament of Kurdistan Yusuf Mohammed, "We have other options, if Baghdad were not ready to solve problems," while Muhammad stressed that "if Baghdad does not comply by sending the budget, the province of Kurdistan has the right to secure the people's livelihood himself", according to the budget law.

  4. #4

    Re: The Dinar Daily, Sunday May 17, 2015

    Daily wage workers in Babylon demonstrating to demand overdue dues

    Long-Presse / Babylon: Dozens of daily wage workers in the Water Resources Department Babil province, on Sunday, to demand overdue dues for five months, as demanded install specialists as needed for the department to them, the Council of Babylon received their demands and promised to lift it to the ministries of water and financial resources.

    One of the protesters said and called Hussein Mohammed in an interview with the (long-Presse), said that "dozens of daily wage workers in water resources department came out, today, in a demonstration in front of the Council of the province of Babylon building to demand overdue Roathm for five months," asserting that "the demonstrators demanded install the owners of jurisdiction by the Chamber need them. "

    He said Mohammed, "it was Toziva as daily wage in the Water Resources Directorate since 2012 and has not yet been Tthbytna on the permanent staffing despite repeated our review of ministry officials and members of the House of Representatives of Babylon and the local government, but we do not get any result," adding "We are the owners of families and in urgent need of financial resource for the sustainability of economic life despite the lack of daily wages paid us. "

    For his part, the employee said Ihab Abdul Razak in an interview with the (long-Presse) "We have asked in Tazahratna today all concerned Bansafna and disbursement of late our salaries since the beginning of this year," and urged that "the appointment shall be within the cadres of the circle of daily wages and contract employees because they are the first out and not, as is happening now, where the ministry appointment of non-contract employees and wages in the circuit. "

    Abdul Razak said that "the number of daily wages employees and contracts up to more than 1,500 graduates and they are different terms of reference and provide extensive services in the field of water resources and should take advantage of them."

    For his part, Chairman of the Board of Babylon Haider Wasp said in an interview with the (long-Presse), said that "Babylon Provincial Council with the just demands of the demonstrators and that Snrfha to the Ministry of Water Resources to find quick solutions to them," adding "we will be hand pressure on the Ministry of Finance and direct our official letters of the provincial council to accelerate the disbursement because they are the owners of the families. "

    Wasp and pointed to "daily wages and contract employees have made a wide and distinctive services in all provincial institutions and blocked the shortfall which must work on their access to financial benefits."

    The state departments in Babylon contracted for years with staff on a daily basis wages and temporary contracts because of the lack of grades and the need for those departments to staff from various fields they charge a pittance for their services they provide.
    And it includes state ministries thousands of employees in temporary contracts or daily wages of those who have not been proofed on the permanent staffing so far, despite the long years of service, up to a decade or more.

  5. #5

    Re: The Dinar Daily, Sunday May 17, 2015

    Barzani meets with leaders of the Kurdish parties to discuss his visit to Washington and Europe

    Long-Presse / Sulaymaniyah: Said the Islamic Movement of Kurdistan, on Sunday, that the Kurdistan region Massoud Barzani will be held, on Monday, meeting with leaders of political parties in the Kurdistan region, to highlight the results of his recent visit to the United States, Europe and the future of Kurdistan and the battle to liberate Mosul. A spokesman of the Political Bureau Islamic Movement of Kurdistan Abdullah and Rta in a press followed up remarks, (range Press), "The head of the Kurdistan region will take place, before tomorrow, Monday afternoon, meeting with leaders of political parties in the Kurdistan region," noting that "the Commander in Chief of the Islamic movement Irfan Ali Abdul Aziz will participate in the meeting. " He added Rta and that "the meeting will address in general several important issues as the future of Kurdistan and the Battle of the restoration of Mosul and the problems between Erbil and Baghdad," adding that "such meetings urges the national and national unity."

    The President of Kurdistan, Massoud Barzani, visited the United States in the third of the month of May 2015, and met with US President Barack Obama and Vice President Joe Biden, and after the meeting, and after seven days, Barzani and Washington left for Hungary and the Czech Republic, then concluded his visit and returned to the Kurdistan region. 9%8A-%D9%8A%D8%AC%D8%AA%D9%85%D8%B9-%D8%A8%D9%82%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A7%D8%AD%D8%B2%D8%A7%D8%A8-%D8%A7%D9%84%D9%83%D8%B1%D8%AF

  6. #6

    Re: The Dinar Daily, Sunday May 17, 2015

    Jubouri meet parliamentary committees to discuss the security situation in Anbar

    Long-Presse / Baghdad: A parliamentary source revealed, on Sunday, House Speaker Salim al-held a meeting with three parliamentary committees to discuss the security situation in Anbar province.

    The source said in an interview to the (long-Presse), "The House Speaker Salim al contract, before noon today, meeting with committees of Displacement and Migration, security, defense and human rights at the parliament building."

    The source, who asked not to be named, said: "The meeting will discuss security and humanitarian situation in Anbar province."
    The Human Rights Commission confirmed, on Saturday, (May 16, 2015), that organization (Daash) committed a "genocide" after the execution of dozens of civilians including women and children in the city of Ramadi, (110 km) west of Baghdad, while the Iraqi government and security forces and called for international coalition to "secure urgent humanitarian corridor in areas besieged by the organization."

    A source in the Anbar Operations Command said on Friday (15 May 2015), that the organization (Daash) has blocked the families and civilians out of their homes in areas dominated by the in Ramadi (110 km west of Baghdad), while vowed violating the instructions to "murder ".
    And held the Prime Minister Haider al-Abadi, on Friday, (May 15, 2015), a meeting of military and security leaderships to discuss the repercussions of gray events attended by the ministers of defense and interior, as instructed further efforts in the fight against (Daash) and expelled from the province of Anbar.

    The administration announced Anbar province, on Friday, (May 15, 2015), the control of the organization (Daash) on the government complex in downtown Ramadi Anbar province (110 km) west of Baghdad, security authorities charged with the responsibility of the security collapse in Ramadi.

    The Interior Ministry announced on Friday (May 15, 2015), that the security forces launched a "counter-attack" to recover the areas dominated by the organization (Daash) in Ramadi with support from coalition aircraft, and as pointed out that the Joint Command has sent new reinforcements to support security forces and clans, called on the people to not to believe "rumors tendentious and misleading news."

    It has a government compound in Ramadi, Anbar City Center (110 km) west of Baghdad, Anbar province, a building and the Directorate of the provincial police and a number of other government departments.

    The organization (Daash) controls the most important and prominent cities of Anbar almost a year ago on the events and battles and confrontations between security and tribal forces and highlighted the areas that are under the control of the organization is Fallujah and Qaim border between Iraq and Syria, Hit, Rawa and other ways, including near the borders of the capital, Baghdad vine Fallujah.

  7. #7

    Re: The Dinar Daily, Sunday May 17, 2015

    Iraqi forces fire artillery towards Islamic State (IS) group positions in the Garma district, west of Baghdad (AFP) -

    IS suffers string of defeats as 4 leaders killed by US troops in Syria -

    The raid comes as government forces push IS out of ancient city of Palmyra after days of heavy fighting -

    MEE and agencies
    Sunday 17 May 2015 13:35 BST
    Last update:
    Sunday 17 May 2015 13:38 BST

    A United States special forces raid has killed 32 members of the Islamic State militant group in eastern Syria, a monitoring group said on Sunday.

    The raid on al-Omar, one of the largest oilfields in the Syrian Deir Ezzor province, is mostly under the control of Islamic State.

    Four IS leaders were killed in the raid, according to the UK-based Syrian Observatory for Human Rights.

    “The US operation killed 32 members of IS, among them four officials, including IS oil chief Abu Sayyaf, the deputy IS defence minister, and an IS communications official,” said Rami Abdel Rahman, the head of the Observatory.

    US officials on the other hand said that “about a dozen” people were killed in the operation, which involved “hand-to-hand combat”.

    The operation, which was backed by US President Barack Obama, marked a shift in the US-led coalition’s war on IS. This is the first time that the US has admitted to putting boots on the ground in Syria, where its operations have until now officially been confined to airstrikes.

    A US defence official told AFP that members of the elite Delta special operations unit descended on Abu Sayyaf’s compound in Black Hawk helicopters and Osprey tilt-rotor aircraft, in a move that was not discussed with Syrian President Bashar al-Assad.

    Bernadette Meehan, the White House national security spokeswoman, told reporters that Abu Sayyaf “was killed when he engaged US forces”.

    Abu Sayyaf’s wife was captured in the raid and is being held in military detention in Iraq.

    US Secretary of Defence Ash Carter called the operation a “significant blow” to IS, while Adam Schiff, a Democrat on the House intelligence committee, said the US attacks “have put increasing pressure on the economics undergirding the terrorist organisation.”

  8. #8

    Re: The Dinar Daily, Sunday May 17, 2015

    Governor of Nineveh province: the region have the right to edit and maintain also a political matter

    Long-Presse / Arbil: Student governor of Nineveh province, on Monday, to form a security committee to ensure the receipt of weapons and support from Washington, stressing that the liberalization of Nineveh political issue, not just combat, and that the people of Nineveh province, claim a constitutional right.
    The governor of Nineveh, Ethel Nujaifi, during a press conference banned (Aamady Press) today in Arbil, said that "our visit to Washington was carrying the hopes and aspirations of arming the army and police", adding that "the visit was also about how to deal with Nineveh post-liberation."
    Revealed Nujaifi that "the President of the United States, Barack Obama donated two million dollars for reconstruction and humanitarian aid after the liberation," noting "we demanded during our visit to Washington to form a committee, similar to the security committee for the year 2010 to be where the representative of the Kurdistan Regional Center under the supervision of the international coalition to ensure access weapons and support to the army and the police. "

    "The army and the police who have to re-recruitment of new need to arms for the Liberation of Nineveh," noting that "the forces so far not received any weapon only once and they were very few."

    He said Najafi, said: "We hope a real democracy, not selective," noting that "the people of Nineveh have the right to choose the form of the administration within constitutional limits, and those rights are set up across the province of Nineveh entry negotiations with neighboring provinces to arrange it." He said he "trusts the Iraqi Prime Minister Haider al-Abadi but we can not forget the power of the militias which have become more powerful authority of the State."

    The Najafi, had, just days before a visit to Washington, met with a representative of the US President, and Deputy Minister of Interior and Defense for Iraq as well as Assistant to the Chairman of the Foreign Relations Committee for the Middle East.

    The organization (Daash) may impose its control over the city of Mosul, Nineveh province, in (the tenth of June 2014 the past), before to impose its control over many other regions of Iraq, and committed "many violations" against the people, especially minorities, religious and cultural sites.

  9. #9

    Re: The Dinar Daily, Sunday May 17, 2015

    Islamic militants have been besieging Ramadi for months. (file photo)

    Iraqi Forces Continue Battle Against IS Militants For Control Of Ramadi

    Sunday, May 17, 2015

    By RFE/RL's Radio Free Iraq
    May 17, 2015

    Iraqi government forces were reinforcing positions within the Ramadi early on May 17 as a major urban battle continued against Islamic State militants who seized most of the city on May 15.

    A coalition of pro-government Sunni tribesmen and Iraqi troops, backed by U.S.-led coalition air strikes, forced the IS militants to retreat on May 16 from a heavily fortified complex of government buildings.

    Reports said the militants left behind booby traps and set several buildings on fire before retreating.

    The government compound contains the office for the governor of Anbar Province as well as the police and intelligence headquarters.

    The militants had besieged Ramadi for months and managed to capture most of the city after launching a wide offensive in several parts of Anbar Province, including an assault led by several suicide car bombers in Ramadi on May 14.

  10. #10

    Re: The Dinar Daily, Sunday May 17, 2015

    Basra governor: stop 860 service projects

    Basra / Center Brief for the Iraqi Media Network (IMN) - Governor of Basra Majed Nasraoui said that more than 860 service projects stalled due to lack of financial allocations for the province of Basra.

    He Nasraoui's (IMN) that "the province did not receive any payments to the day, whether from the budget or from the petro-dollar revenues or border crossings, despite the approval of the crisis on the exchange cell 250 billion dinars immediate predecessor of the province."
    He explained that "Basra need for more than four dinars Trliuna of completed projects and continuing from the past years, especially since what was allocated by the government is not commensurate with the real need to maintain."

    And carrying a member of the Basra Governorate Council and chairman of the oil and gas where Ali Shaddad Finance and Planning ministries responsible for most of the province projects stop, Rajya Finance Minister Hoshyar Zebari Basra to deal with how the same deal with the Kurdistan region.

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