The Dinar Daily, Wednesday June 3, 2015
Page 1 of 17 12311 ... LastLast
Results 1 to 10 of 162

Thread: The Dinar Daily, Wednesday June 3, 2015


    
  1. #1

    The Dinar Daily, Wednesday June 3, 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 1285.981 1285.338
    British pound GBP 1776.751 1775.862
    Canadian dollar CAD 938.582 938.112
    Swiss franc CHF 1240.162 1239.542
    Swedish krona SEK 136.338 136.269
    Norwegian krone NOK 148.231 148.157
    Danish krone DKK 172.406 172.320
    Japanese yen JPY 9.328 9.323
    Special
    Drawing Rights
    SDR 1623.317 1622.505

    Indicative rates - (as of) 03.06.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2962 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 01/06/2015 and the results were as follows: (no change as of 03/06/2015)

    DETAILS NOTES
    Number of banks 20
    Number of remittance companies 4
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 289,350,650
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 289,350,650
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-04-2015 at 11:12 AM.



  2. #2

    Re: The Dinar Daily, Wednesday June 3, 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, Wednesday June 3, 2015

    Ebadi, an adviser to calls to install Governor of the Central Bank confirms: no one dares to turn it into a commercial bank



    Long-Presse / Baghdad Called on the Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank, and stressed the need to be "financial policy maker", and as pointed out that the international community address Iraq constantly in this regard, ruled dare any party to the attack on its independence and turn it into a commercial bank supplement policies "temporary government."

    The appearance of Mohammed Saleh said in an interview to the (long-Presse), "The work of the Governor of the Central Bank acting and subjected to political quotas did not affect the Iraqi economy is now very dramatically, especially after three years on the job distracting proxy".

    Saleh stressed the need to "install the Governor of the Bank formally," noting that "the international community address Iraq and constantly asking him to install the Governor of the Central Bank to be a financial and economic policy maker."

    Saleh pointed out that "the global community that respects the stability of Iraq by the central bank and fixed this approach can not be underestimated," pointing out that "the stability of the Central Bank of Iraq Christsn his money abroad from creditors."

    Saleh stressed that "there are no hand dared attack on the independence of the central bank and convert it into a commercial bank and an extension temporary government policies," explaining that "the prime minister Haider al-Abadi his position clear of the subject of the independence of the central bank and remove him from the political quotas".

    The Governor of the Central Bank of Iraq and the Agency on the Keywords revealed in (the first of December 2014), that the amendments to the Central Bank and banks laws, money laundering and reached the final stages, among the several meetings held with the Speaker of Parliament Saleem al-Jubouri for ratification soon, description the Board of Directors as "an internal committee need to be extended."

    http://www.almadapress.com/ar/news/49545/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D8%AA%D8%AB%D8%A8%D9%8A%D8%AA-%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D9%84%D9%84
    Last edited by pinkadonai1; 06-03-2015 at 11:31 AM.

  4. #4

    Re: The Dinar Daily, Wednesday June 3, 2015

    Kurdistan Parliament: we will sell oil without reference to Baghdad if the agreements did not apply



    Long-Presse / Erbil Threatened the Kurdistan Regional Parliament, on Wednesday, to sell oil without reference to Baghdad in the event of non-implementation of the federal government oil agreement with the province, and while pointing out that the region owes to Turkey at $ billion, he stressed that the adoption of the international lending law came in order not to rely on Baghdad .

    The head of the Financial and Economic Committee in the Kurdistan region's parliament attributed Sabir Ismail said in an interview to the (long-Presse), that "the region will resort to the sale of oil by himself without reference to Baghdad in the absence of the federal government's commitment to the Convention between the two parties," noting that "the region is suffering economic crisis and must be addressed.

    "
    Ismail added that "the adoption of the international lending law is also one of the ways in order not to rely on the state budget in Baghdad," adding that "the region has become indebted to Turkey at $ billion, it also owes some domestic banks in order to pay employees' salaries."

    The Kurdistan region acknowledged on Tuesday (June 2, 2015), the international credit law which grants the Government of the region on the way to borrow the amount of five billion dollars for investment projects.

    The Oil Minister Adel Abdul-Mahdi in (May 30, 2015), that the Baghdad agreement and Erbil remained "steadfast and present", and pointed out that the agreement "is final and can not be relied upon," With attributed the reasons for the differences between Baghdad and the provinces and the Kurdistan region not to approve the oil law and gas, warned of the increasing gaps in the oil agreement between the province and the center in the absence of approval and agreement on the details.

    http://www.almadapress.com/ar/news/49562/%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86--%D8%B3%D9%86%D8%A8%D9%8A%D8%B9-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D9%86-%D8%AF%D9%88%D9%86-
    Last edited by pinkadonai1; 06-03-2015 at 11:37 AM.

  5. #5

    Re: The Dinar Daily, Wednesday June 3, 2015

    Quote Originally Posted by pinkadonai1 View Post
    ebadi, an adviser to calls to install governor of the central bank confirms: No one dares to turn it into a commercial bank



    long-presse / baghdad called on the economic adviser to the prime minister haider al-abadi, on wednesday, to install governor formally the central bank, and stressed the need to be "financial policy maker", and as pointed out that the international community address iraq constantly in this regard, ruled dare any party to the attack on its independence and turn it into a commercial bank supplement policies "temporary government."

    the appearance of mohammed saleh said in an interview to the (long-presse), "the work of the governor of the central bank acting and subjected to political quotas did not affect the iraqi economy is now very dramatically, especially after three years on the job distracting proxy".

    Saleh stressed the need to "install the governor of the bank formally," noting that "the international community address iraq and constantly asking him to install the governor of the central bank to be a financial and economic policy maker."

    saleh pointed out that "the global community that respects the stability of iraq by the central bank and fixed this approach can not be underestimated," pointing out that "the stability of the central bank of iraq christsn his money abroad from creditors."

    saleh stressed that "there are no hand dared attack on the independence of the central bank and convert it into a commercial bank and an extension temporary government policies," explaining that "the prime minister haider al-abadi his position clear of the subject of the independence of the central bank and remove him from the political quotas".

    The governor of the central bank of iraq and the agency on the keywords revealed in (the first of december 2014), that the amendments to the central bank and banks laws, money laundering and reached the final stages, among the several meetings held with the speaker of parliament saleem al-jubouri for ratification soon, description the board of directors as "an internal committee need to be extended."

    http://www.almadapress.com/ar/news/49545/%d9%85%d8%b3%d8%aa%d8%b4%d8%a7%d8%b1-%d9%84%d9%84%d8%b9%d8%a8%d8%a7%d8%af%d9%8a-%d9%8a%d8%af%d8%b9%d9%88-%d9%84%d8%aa%d8%ab%d8%a8%d9%8a%d8%aa-%d9%85%d8%ad%d8%a7%d9%81%d8%b8-%d9%84%d9%84
    can you say ....shabibi

  6. #6

    Re: The Dinar Daily, Wednesday June 3, 2015



    300 ISIS militants killed, 40 armored vehicles destroyed in air raid western Anbar

    By Abdelhak Mamoun - Jun 3, 2015

    (IraqiNews.com) Baghdad – Nujaba Movement announced on Tuesday the killing of 300 ISIS militants , as well as the destruction of 40 armored vehicles in western Anbar province.

    Nujaba Movement said in a statement received by IraqiNews.com, “hundreds of ISIS elements have been killed in an extensive air raid by the Iraqi army aviation against the largest ISIS shelters between al-Romana area and Bagoz district (350 km west of Ramadi),” noting that, “the militants were coming from Syria to support the terrorists in Anbar” .

    The statement added that, “preliminary estimates indicated the number of dead to be more than 300 terrorists, in addition to destroying more than 40 vehicles and armored vehicles, as well as the destruction of ISIS training camps in the regions of Anah and Rawah west of the province,” considering such operations as “the largest of its kind in the Iraqi army aviation history.”

    It is noteworthy that the Iraqi army aviation and the international coalition implement daily sorties to collect information about the movements and the headquarters of ISIS.

    http://www.iraqinews.com/iraq-war/300-isis-militants-killed-40-armored-vehicles-destroyed-air-raid-western-anbar/

  7. #7

    Re: The Dinar Daily, Wednesday June 3, 2015


    An F-16 fighter jet of the US Air Force flying over Iraq in 2011. File photo.

    Coalition warplanes kill 19 terrorists in 3 provinces, says Defense Ministry

    By Amre Sarhan - Jun 2, 2015

    (IraqiNews.com) Baghdad – Iraqi Ministry of Defense announced Tuesday, that 19 terrorists have been killed in an aerial bombing by the coalition forces in different areas in three provinces.

    The minitry said in a statement received by IraqiNews.com, “Today, warplanes of the international coalition conducted 10 air strikes in the areas of Baiji, al-Karma, Tal-Afar, Ramadi and Mosul,” pointing out that, “The air strikes resulted in killing 19 terrorists in these areas.”

    “The shelling also resulted in destroying 7 mortar launchers, an armored vehicle that had carried explosives and a booby-trapped building along with a rocket launcher,” the statement read.

    http://www.iraqinews.com/iraq-war/coalition-warplanes-kill-19-terrorists-3-provinces-says-defense-ministry/

  8. #8

    Re: The Dinar Daily, Wednesday June 3, 2015



    UN warns of fake documents for investment projects in Iraq: Caravans of displaced people is fake
    Wednesday, 03 June 2015 13:59

    Shafaq News/ The United Nations Office for Project Services (UNOPS) has warned from fraudulent procurement-related documents, such as solicitation documents and purchase

    orders, continue to be sold in Iraq for purported UNOPS projects. Denying being related to a purported project with the Iraqi Ministry of Displacement and Migration.

    According to the UN statement , Particular tender documents are being offered for sale and pertain to the purported purchase of caravans for internally displaced people. UNOPS would like to make clear that the organization does not have a project with the Iraqi Ministry of Displacement and Migration for the procurement of caravans, nor is UNOPS in any way involved in the procurement of caravans for internally displaced people in Iraq.

    Furthermore, UNOPS would like to reiterate the notice issued on 9 March 2015 and published in the local Iraqi media, notifying the Iraqi public of the existence of the fraudulent tender notices. A contact email was provided, where those who suspect that fraudulent activity has taken place can submit a complaint.

    The Statement added” UNOPS does not, and will never, charge a fee for its tender-related documents, nor will it use a broker to distribute the documents on its behalf. UNOPS posts all its procurement notices on the UNOPS web page (www.unops.org) and on the United Nations Global Market Place (www.ungm.org), where they are available free of charge to all the interested parties. All authorized contact details for genuine UNOPS procurement documents will use an email address ending with @unops.org.”

    UNOPS is not in any way liable or otherwise responsible for any payments made, or goods or services provided, as a result of the fraudulent tender documents, the statement said.


    http://english.shafaaq.com/community/14631-un-warns-of-fake-documents-for-investment-projects-in-iraq-caravans-of-displaced-people-is-fake.html

  9. #9

    Re: The Dinar Daily, Wednesday June 3, 2015



    Washington freezes security cooperation with Germany in Iraq
    Wednesday, 03 June 2015 13:39

    Shafaq News / German Bild newspaper reported on Wednesday that US intelligence has frozen an important cooperation with the German intelligence service

    that was designed to protect German soldiers who are in Erbil, capital of Kurdistan Region.

    According to press reports , CIA has frozen an important cooperation with the German intelligence service (BND) was intended to protect the soldiers of the German army in Erbil, following series leaks issued by the Committee of the German Parliament "Bundestag", which is investigating the issue of the National Security Agency of America (NSA).

    "Bild" German newspaper quoted well-informed circles that this cooperation was related to the provision of the United States for technical reconnaissance and necessary surveillance to protect the German army soldiers who are training Kurdish fighters in Erbil.

    The newspaper added that the US side has not yet responded to the request submitted weeks ago on this technical cooperation.

    For his part, an official from the CIA expressed to "Bild" newspaper expressed concern about the confidentiality of high-performance technical devices.

    " We have a concern of the possibility that such technical devices become part of the German Commission investigations. As long as this danger exists, it seems that it is difficult to provide such technology."


    http://english.shafaaq.com/politics/14630-washington-freezes-security-cooperation-with-germany-in-iraq.html

  10. #10

    Re: The Dinar Daily, Wednesday June 3, 2015



    US envoy: ISIS has become a global threat
    Wednesday, 03 June 2015 13:23

    Shafaq News / US President Barack Obama's envoy in charge of coordinating coalition operations against the Islamic state organization said on Wednesday that ISIS growth

    has global consequences if not restrained , it will “ destroy the progress of mankind."

    Retired Gen. John Allen, said at a news conference in Qatar that the organization is not only an Iraqi or Syrian problem but a regional problem with global repercussions that may occur.

    He added that it is important for all anti-Islamic state powers in Iraq to be under the authority of the Iraqi government.

    He said stopping the flow of foreign fighters is not the task of Turkey only .

    Allen added that Turkey's border with Syria and Iraq are the "last defense line."


    http://english.shafaaq.com/politics/14629-us-envoy-isis-has-become-a-global-threat.html

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •