The Dinar Daily, Saturday June 6, 2015
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  1. #1

    The Dinar Daily, Saturday June 6, 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 1298.224 1297.575
    British pound GBP 1782.114 1781.223
    Canadian dollar CAD 937.601 931.132
    Swiss franc CHF 1244.530 1243.908
    Swedish krona SEK 138.615 138.545
    Norwegian krone NOK 148.973 148.899
    Danish krone DKK 174.032 173.945
    Japanese yen JPY 9.415 9.410
    Special
    Drawing Rights
    SDR 1629.240 1628.426

    Indicative rates - (as of) 04.06.2015 (no change as of 06.06.2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2964 - most recent listing)

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

    DETAILS NOTES
    Number of banks 21
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 153,688,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 153,688,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-07-2015 at 05:20 AM.
          Share

  2. #2

    Re: The Dinar Daily, Saturday June 6, 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, Saturday June 6, 2015

    The International Monetary Fund will lend Iraq $ 833 million to support the economy of the affected (Daash)



    The International Monetary Fund expects Iraq to be a major contributor of global oil Standard

    Author: HAA, HH
    Editor: AR, HH

    6/6/2015 one fifty-one p.m.



    Long-Presse / Baghdad: The International Monetary Fund (IMF), on Saturday, agreed with Iraq to lend the amount of $ 833 million to support its economy, which was damaged by the war against al (Daash), while stressing to present the agreement of the Executive Body of the Fund to express its opinion cutter.

    The International Monetary Fund said in a statement received (range Press) copy of it, "the International Monetary Fund (IMF) reached an agreement with the Iraqi side after the IMF officials to discuss the provision of financial aid for Iraq in accordance with the provision of urgent financial aid (RFI) and in accordance with administrative procedures followed in the International Monetary Fund, the institution of this Agreement will be presented to the Executive Board of the Fund in July to express its opinion cutter in it. "

    Fund The head of the International Fund for Mission in Iraq Carlo Sdralevdj as saying, "The Fund is ready to help Iraq in its efforts to Maajh damage to its economy due to the ongoing battles against al (Daash) as well as a result of falling oil prices in the global market."

    Sdralevdj He added that "The fighting is still drain the country's resources and created a humanitarian tragedy in the country where there are more than three million people displaced and cause violence also inflicted huge damage to infrastructure and property of the private sector," adding that "the circumstances of the battles that the country is waging against (Daash) led economy to shrink by 2.1% during the year 2014 is expected to bring the economy a slight recovery of 0.5% during the year 2015 ".

    He Sdralevdj welcomed "the steps taken by the authorities to address these urgent challenges," expressing support "for Iraq's request made by the Fund for urgent aid."

    The International Monetary Fund through the statement that "based on the Fund, the fall in oil prices led to the contraction of imports export, causing a deficit in the budget accounts is expected to reach GDP deficit by 8% during the year 2015. As a result Ankhvzt assets of hard currency in Iraq 2014 to $ 67 billion and is expected to decline further during the year 2015. "

    It pointed out that "the budget deficit ratio is expected to increase from 5% of GDP in 2014 to 17% of GDP deficit for reasons related to the high expenses of exchange on the ongoing battle with Daash with falling oil revenues."

    The International Monetary Fund (IMF) announced, the fifth of May 2015, to provide for Iraq's application for financial aid, and as likely to reach an agreement within weeks to grant Iraq a loan of $ 800 million, predicted the arrival of aid funding rapid manner.

    It is noteworthy that the rapid approved funding method by the International Fund for a pattern of financial aid patterns to provide rapid financial assistance and a form of monetary policy Fund Member States offered to help in bridging the emergency needs to bridge the fiscal deficit, a loan requires repayment within a period of time ranging from three to five years.

    It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.

    http://www.almadapress.com/ar

  4. #4

    Re: The Dinar Daily, Saturday June 6, 2015

    What will be in the seven adult group? Summit .. and Abadi Guest second day



    Saturday, June 6, 2015 10:04

    BAGHDAD / Baghdadi News / .. Group of Seven summit adults to be held tomorrow and the day after tomorrow in Germany, which will be discussed Greece's financial problems and the war with Russia, Ukraine and file terror, facing several points, the most prominent opponents of globalization demonstrations and the absence of Russian President Vladimir Putin.

    Where gathered last Thursday, 40 000 demonstrators in the city of Munich, the advocates of globalization more fairly, in conjunction with the start of the summit.

    According to sources in Germany, the German Chancellor Angela Merkel will meet on Sunday morning before the start of the summit, US President Barack Obama in the municipality of the village of Crohn's headquarters, and following the meeting, a popular ceremony in the courtyard of the church with the participation of two thousand residents of the village, located in the Bavarian Alps.

    After meeting Merkel and Obama begins working meetings with the leaders of the other five countries Canada, France, Britain, Italy, Japan, the absence of Russian President Vladimir Putin, in Ellmau Palace, a palace located at an altitude of 1200 meters has been isolated from the world and contoured security device capacitor includes thousands of policemen.

    Putin maximum of the Group of Eight previously after annexation of the Crimea to Russia in March 2014, and criticized a number of politicians of his absence, including former German Chancellor Gerhard Schroeder, while Merkel said "showed oust Putin's inevitable," noting that the Group of Seven includes countries share "common values "indicating" As long as Russia accused the pro-Moscow eastern Ukraine in backing the rebels do not abide by international law, can not imagine a return to Formula Group of Eight. "

    Ellmau Palace mainly talks will take up the risk of the outbreak of fighting again in Ukraine, as stressed German presidency on the issue of Islamic terrorism that extends from the Middle East to Africa.

    As will see the second day of the summit host the Group to Iraqi Prime Minister Haider al-Abadi, five African leaders, including President of Tunisia Beji Caid Essebsi, and Nigerian President Mohammed Bukhari, to discuss the support they can to countries the Group of Seven submission of these countries, in addition talks will address the issue of development assistance, with an invitation heads of international organizations major such as the United Nations and the International Monetary Fund and the World Trade Organization and the World Bank and the Organization for Economic Cooperation and Development and others.

    The summit will also discuss the crisis, Greece, which is now on the brink of financial failure and threatened to get out of the single European currency, is scheduled to be at the heart of French President Francois Hollande and Merkel talks and general director of the International Monetary Fund Christine Lagarde, as well as Italian Prime Minister Matteo Renza.

    As Americans seek a quick settlement of the dispute between Greece and its creditors Europeans not to hurt the international economy a new crisis, as the summit will discuss the ongoing negotiations to reach a free exchange between the major economic regions agreements, particularly the trade partnership agreement across the Atlantic, between the European Union and the United States, and issues social and environmental standards, as well as health issues such as antibiotic resistance and the fight against tropical diseases, as well as hunger in the world and cleaner oceans and the empowerment of women.

    And it will participate in the summit talks also, European Commission President Jean-Claude Juncker and President of the Council of Europe Secretary Donald Tusk.

    http://www.albaghdadianews.com

  5. #5

    Re: The Dinar Daily, Saturday June 6, 2015

    Secretary-General of the United Nations Assistant reach Baghdad tomorrow



    Saturday, June 6, 2015 14:25

    BAGHDAD / Baghdadi News / .. The United Nations announced on Saturday that the Assistant Secretary-General of the United Nations for Humanitarian Affairs Stephen O'Brien will visit Iraq tomorrow.

    The United Nations said in a press statement seen by "Baghdad News" that "O'Brien visit will continue for three days, during which he will brief on the progress in the delivery of humanitarian aid."

    And he suggested that "O'Brien discusses the best ways in which the United Nations to provide support for the Iraqi government to provide protection to all those affected." Ended / 21 Q

    http://www.albaghdadianews.com

  6. #6

    Re: The Dinar Daily, Saturday June 6, 2015

    Diyala electricity project implementation and the decision of OPEC to keep oil production ceiling of the main economic headlines of newspapers Saturday



    06.06.2015 nine past two p.m.

    ad: Euphrates News} Newspapers picked up on Saturday a series of economic titles, including Diyala electricity project implemented at a cost of one billion and 800 million dinars and OPEC's decision to keep oil production and addresses of other roof ..
    The morning

    of small enterprises loans establish big industries

    OPEC decided to maintain the oil production ceiling of the new morning OPEC conference

    .. negotiations on Iraq shared fields with Iran and Kuwait

    Diyala implemented electricity project at a cost of one billion and 800 million dinars Justice low price of the weight of the Iraqi gold to 193 000 dinars electricity adds 400 KV on the system enter Maholten for service in Maysan Trade discusses cooperation with the province of Wasit to set up specialized exhibitions where time Nasiriyah calls Kubis to visit the marshes stricken and pressure on Ankara to launch a water territory denies stopping the export of oil through the Sumo Constitution Jubouri called humanitarian response plan for Iraq term 'OPEC' ' It decided to maintain the oil production ceiling at 30 million barrels per day Wasit Shopping 705 thousand tons of wheat and barley crops to trade stores electricity contracted with the company for processing Diyala adapters "payment facilitator" .anthy

    http://wwww.alforatnews.com

  7. #7

    Re: The Dinar Daily, Saturday June 6, 2015



    Barzani welcomes opening Kuwait Consulate and confirms: we will not be a part of the sectarian conflict
    Saturday, 06 June 2015 14:39

    Shafaq News / The President of Kurdistan region, Massoud Barzani expressed on Saturday, being delighted for opening the Kuwaiti consulate in the region, as highlighted the risks

    and threats posed by terrorists to the region and the world, the people of Kurdistan will not become a part of the ongoing sectarian conflict in the region.

    A statement by the presidency of KRG, received by Shafaq News, said that Barzani's remarks came during a meeting with the Kuwaiti Consul in Erbil , Omar Ahmed Al-Kandari in Salahuddin resort.

    Kendari transferred greetings of Emir of Kuwait ,Sheikh Jaber Al-Ahmed Al-Sabah to Barzani and his appreciation for the struggle and sacrifices made by the people of Kurdistan to reach freedom and appreciation of the role of Barzani and Kurdish Peshmarga forces in facing terrorism.

    Kenderi confirmed on the friendship and historic ties between the two peoples of Kurdistan and Kuwait, describing the opening of the Kuwaiti consulate in Erbil, as a new stage in the relations of the two sides and declared the readiness of his country to provide the assistance they can to the people of Kurdistan.

    For his part, the President of the region, Massoud Barzani expressed his happiness for opening the Kuwaiti consulate in Erbil and welcomed the expansion of relations between the two sides, noting that the Kurdish people understand the suffering endured by the Kuwaiti people and imposed by the former Baathist regime against Kuwait.

    Barzani talked about the terrorists threats to the security of the region and the world, once again emphasized that the people of Kurdistan will not become a part of the ongoing sectarian conflict in the region.


    http://english.shafaaq.com/politics/14667-barzani-welcomes-opening-kuwait-consulate-and-confirms-we-will-not-be-a-part-of-the-sectarian-conflict.html

  8. #8

    Re: The Dinar Daily, Saturday June 6, 2015

    Parliamentary Foreign Affairs: Post-Abadi industrial summit of the seven rare opportunity to level with the needs of the major countries Iraq



    06.06.2015 twenty-five past two p.m.

    {Baghdad: Euphrates News} A member of the Committee on Foreign parliamentary relations, MP Abbas al-Bayati, said on Saturday that the prime minister's call to participate in the summit of the seven industrialized countries that hold the middle of this week in the Federal Republic of Germany is a great support of the government and its policies by the major powers and the message to the Iraqi people that the international community stands by his side in the face of Daash and terrorism.

    He said al-Bayati said in a statement the agency {Euphrates News} received a copy of it on that "for the first time be invited to a senior official of Iraq to participate in this international forum", adding that "al-Abadi will present a vision of Iraq and the role of its forces valiant in fight Daash and victories during this period as well as the urgent need for more security and armament cooperation and work to prevent the flow of terrorists and drain its resources in addition to the humanitarian assistance to the displaced people and the reconstruction of areas affected by terrorism. "

    "The prime minister will confirm to them that the current government enjoys the participation of everyone and accepting and working for half all the ingredients discrimination or marginalization ", adding that" al-Abadi will meet President of the United States Barack Obama to confirm Althaniah strategic relations and requirements opposite and to review the performance of the international coalition, and will be asked to speed up the armament contracts and increased air strikes on Daash sites and expand the areas of economic and security cooperation also will share with him an opinion on regional events. "

    He concluded al-Bayati said "the conference a rare opportunity for Iraq to major countries level with its needs and the challenges it faces and the importance of standing by his side at this critical stage." involved the Prime Minister Haider al-Abadi in seven adult group, which will be held in the German capital Berlin on Sunday and Monday summit.

    A statement by the Office Abadi announced today that "participation came at the official invitation of German Chancellor Angela Merkel, looking summit, many of the economic issues and international crises, particularly the fight against terrorism." and will meet Abadi, the leaders of the seven countries adult, led by US President Barack Obama to discuss increased support for Iraq in the face of gangs Daash terror "

    and the Berlin summit comes just days after the Paris conference, which was announced broad support from the international community and the Iraqi government in support of its plans in the face of terrorism, the entire Iraqi territory and clearing of Daash gangs .anthy

    http://wwww.alforatnews.com

  9. #9

    Re: The Dinar Daily, Saturday June 6, 2015



    Advisor: Iyad Allawi received aid from Britain for displaced people and weapons from UAE
    Saturday, 06 June 2015 14:13

    Shafaq News / The Adviser of Affairs media of Vice President ,Iyad Allawi said on Saturday, that the latter who currently resides in London received a variety of relief assistance

    to displaced people of Nineveh , Salahuddin and Anbar provinces.

    "Iyad Allawi managed through his foreign relations to get a different aid from Britain to support displaced people of Nineveh, Anbar and Salahuddin provinces," pointing out that "Allawi seeks to urge States to help in supporting the displaced file".Itesar Allawi told Shafaq News.

    Allawi added that " by Iyad Allawi relations with the UAE officials , he got different weapons to support the Iraqi army." Allawi did not disclose the nature of these weapons, nor the timing of their arrival to Iraq.

    Iraqi authorities say that more than 3 million displaced people currently live in Kurdistan region and the central and southern governorates in light of the fighting escalation in Salahuddin and Anbar provinces.

    http://english.shafaaq.com/politics/14666-advisor-iyad-allawi-received-aid-from-britain-for-displaced-people-and-weapons-from-uae.html

  10. #10

    Re: The Dinar Daily, Saturday June 6, 2015




    KRG issues a statement on Diyarbakir bombing in Turkey
    Saturday, 06 June 2015 13:54


    Shafaq News / Kurdistan Regional Government (KRG) condemned on Saturday, the bombing, which took place in Diyarbakir city in Turkey,

    calling on all parties to restraint and resort to legal means.

    A statement for the presidency of KRG received by Shafaq News, KRG strongly condemns the bombing that took place yesterday at a gathering of supporters of the Peoples’ Democratic Party as a part of their election campaigns in Diyarbakir city, which killed and wounded a number of citizens.

    The statement expressed KRG’s condolences to the families of the victims and wished speedy recovery to the wounded.

    An explosion occurred on Friday near an election rally of the Kurdish Peoples’ Democratic Party, in the predominantly Kurdish city of Diyarbakir, southeast Turkey.

    Turkish media reported that the explosion occurred in an electric transformer in a square of the city, where tens of thousands of party supporters gathered to listen to its leader, Salahuddin Damrtash.

    Organizers of the assembly announced in the loudspeakers that the explosion that caused was due to a defect in a generator, calling on the audience to be calm.

    Election campaign that will take place on Sunday, included many of the acts of violence against the people’s democratic party mainly.

    All eyes goes to the result that the party might achieve on Sunday, if exceeded 10%, which allows it to enter the Parliament which may deprive the party of President , Recep Tayyip Erdogan, the Justice and Development from a share of 330 MPs, out of 550 needed to approve a constitutional amendment reinforces Erdogan’s presidential authorities.

    http://english.shafaaq.com/politics/14665-krg-issues-a-statement-on-diyarbakir-bombing-in-turkey.html

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