The Dinar Daily, Wednesday June 10, 2015
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  1. #1

    The Dinar Daily, Wednesday June 10, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1311.633 1310.978
    British pound GBP 1782.931 1782.039
    Canadian dollar CAD 946.659 946.186
    Swiss franc CHF 1255.789 1255.161
    Swedish krona SEK 140.436 140.366
    Norwegian krone NOK 149.422 149.347
    Danish krone DKK 175.814 175.726
    Japanese yen JPY 9.369 9.365
    Drawing Rights
    SDR 1636.796 1635.977

    Indicative rates - (as of) 10.06.2015

    Currency Auctions

    Announcement No. (2966 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 07/06/2015 and the results were as follows:

    Number of banks 16
    Number of remittance companies 4
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 112,250,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 112,250,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-11-2015 at 10:18 AM.

  2. #2

    Re: The Dinar Daily, Wednesday June 10, 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, Wednesday June 10, 2015

    Barzani: We can not continue with the current style of Baghdad

    Long-Presse / Sulaymaniyah The head of Iraq's Kurdistan Regional Government Nechirvan Barzani, on Wednesday, that if there was a commitment to the implementation of a permanent constitution for Iraq since the country has reached to this case, as pointed out that the province will not be able to continue with the central government's current style, as called on the international coalition to participate Priya in fighting al (Daash) and more broadly in order to eliminate it, the representative of the United States in the international coalition Brett Macgork support to help the Sunni tribes in the face of "terrorism" in Iraq.

    He said the Office of the Prime Minister of the Kurdistan Regional Council in a statement received (range Press), a copy of "President of the Kurdistan Regional Government Nechirvan Barzani received, Assistant US Secretary of State and the representative of the United States in the international coalition against (Daash) Brett Macgork," noting that "the delegation expressed He expressed his happiness to visit the Kurdistan region and talk about the situation in Iraq. "

    The statement quoted Barzani as saying, "The Government of the Territory can not continue the current way of dealing with Baghdad because it is every time you cut the share of the Kurdistan region of budget and everyone is aware that the region came under heavy burdens because of them," asserting that "if there was a commitment to implement the Constitution Three years ago of what Iraq had arrived to this case. "

    He Barzani, expressed the hope "in the continuation of the international coalition in the training and rehabilitation of the Iraqi army, police and Peshmerga forces as well as the continuation of the air strikes," calling on "the international coalition to also participate ground in fighting al (Daash) and more broadly in order to eliminate it in the region as soon as possible." .

    For his part, the US Assistant Secretary of State Brett Macgork said that "air strikes international coalition continuing on sites and barracks militants (Daash) in Iraq and Syria in general, Anbar and the outskirts of Hasaka in Syria," stressing "the importance of a mechanism to block the flow of extremists in the world to the ranks of status (Daash) and support and assist the Sunni tribes in the face of terrorism in Iraq. "

    He Macgork, that "the military and security situation in Iraq in general, and the cities of Anbar and Mosul especially need more work and find a way to restore the organization (Daash)," referring to "restore a large part of the oil refinery in Baiji."

    The organization (Daash) took over the city of Mosul, Nineveh province, (405 km north of Baghdad), in (the tenth of June 2014 the past), before extending his terrorist activities and many other areas of Iraq and is committed where "many violations" promised local and global points of "crimes against humanity and genocide." 9%8A-%D9%84%D8%A7-%D9%86%D8%B3%D8%AA%D8%B7%D9%8A%D8%B9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D 8%B1-%D9%85%D8%B9-%D8%A8%D8%BA

  4. #4

    Re: The Dinar Daily, Wednesday June 10, 2015

    Minister of Construction announced the allocation of $ 99 million for the rehabilitation of infrastructure in Diyala

    Long-Presse / Diyala The Minister of Construction Tariq Kikhany, on Wednesday, on the allocation of more than 100 billion dinars from the ministry's budget for the rehabilitation of infrastructure in the province of Diyala, confirmed that the ministry is continuing the return of all what has been "sabotaged" by the organization (Daash), which called on the governor of Diyala province Muthana Tamimi, all officials and ministers to see what needs citizens.

    Kikhany said during a joint news conference with the governor of Diyala Muthana al-Tamimi held in the governorate building and attended (range Press), he said that "there are several projects that will be rehabilitated in Diyala after the devastation experienced by the organization (Daash).

    Kikhany "The ministry has allocated 91 billion dinars from the ministry's budget for the rehabilitation and construction projects in the governorate and ten billion dinars for the rehabilitation of roads and bridges projects," adding that "The ministry will stand on the most important needs of the province's infrastructure."

    For his part, the governor of Diyala said Muthana al-Tamimi during the conference, that "the Minister of Construction is the first minister of the province after attending events in Diyala," and expressed "hope that the fact that the rest of the officials and familiarized themselves with the minister what the people."

    In turn, MP for the province proof Mamouri said during the conference, "we wish to speed up the return of displaced persons and the completion of projects." The province of Diyala, based in the city of Baquba, has seen control organization (Daash) and armed groups allied with him, an army Naqshbandi, on some areas, after control of the cities of Mosul and Tikrit, on the tenth of June, but the security forces and the popular crowd managed to free the majority of their regions.
    Last edited by pinkadonai1; 06-10-2015 at 10:31 AM.

  5. #5

    Re: The Dinar Daily, Wednesday June 10, 2015

    Masum of Sulaymaniyah: Do not carry a message from anyone I shall be discussing the latest developments between Baghdad and Erbil

    Long-Presse / Sulaymaniyah Denied President Fuad Masum, on Wednesday, news of his transfer message from the Prime Minister Haider al-Abadi to the President of Kurdistan, Massoud Barzani, said he was "not carrying a message from anyone for any party", while noting that he will discuss during a meeting with Barzani developments the latest in the relationship between Baghdad and Erbil.

    Fuad Masum, said in a press to a number of media, including a reporter's comments (range Press), upon his arrival to Sulaymaniyah International Airport, today, that he "does not carry any message from any person and any other party."

    Masum said that "the meeting with the President of Iraq's Kurdistan region to discuss the latest developments relationship with the file of Baghdad and the agreement obtained concerning the federal budget and the region's share of them."

    He was President Fuad Masum, arrived before Wednesday morning, to the city of Sulaimaniya to meet with the former President of the Republic Secretary General of the Patriotic Union of Kurdistan, Jalal Talabani, and the meeting of the Central Council of the National Union, as will visit Erbil on Thursday, denied presidential spokesman reports that the transfer of infallible message from Iraqi Prime Minister Haider al-Abadi to the region's president, Massoud Barzani. 9%8A%D8%A9-%D9%84%D8%A7-%D8%A7%D8%AD%D9%85%D9%84-%D8%B1%D8%B3%D8%A7%D9%84%D8%A9-%D9%85

  6. #6

    Re: The Dinar Daily, Wednesday June 10, 2015

    Kurdistan declares the existence of 512 wanted at large, 63 of them wanted by Interpol
    Wednesday, 10 June 2015 13:59

    Shafaq News / The operations room, which includes representatives from the Ministries of Interior and Peshmerga announced the presence of large numbers of wanted men

    are still at large and not arrested.

    Jabbar Yawar, Secretary General of the Ministry of Peshmerga said in a press conference attended by "Shafaq News", currently there is 2336 wanted as 1824 were arrested and referred to courts. "

    Yawar said "all wanted are not residents of the region as currently there are 63 people living abroad and the Interpol police is looking for them.

    This room was formed in 2011 by a decision of the region's president, Massoud Barzani, to arrest those wanted by courts in Kurdistan.

    According to information obtained by Shafaq News, most wanted are due to military issues , defendants of the former regime or the current security forces, and other are wanted for criminal offenses.,-63-of-them-wanted-by-interpol.html

  7. #7

    Re: The Dinar Daily, Wednesday June 10, 2015

    Rumsfeld: The establishment of democracy in Iraq is unrealistic
    Wednesday, 10 June 2015 13:17

    Shafaq News/ Former Defense Secretary Donald Rumsfeld insisted in an interview with CNN Tuesday that his recent comments about being skeptical about creating a democracy

    in Iraq did not contradict his previous positions about the Iraq war .

    Rumsfeld also called the Times of Londen’s report t over the weekend -- which suggested his views were critical of his old boss, President George W. Bush -- "ridiculous."

    "When we went in (to Iraq), my view -- and I thought it was a broadly held view -- was that the goal was to have Saddam Hussein not be there, and to have what replaced Saddam Hussein be a government that would not have weapons of mass destruction, that would not invade its neighbors, and that would be reasonably respectful of diverse ethnic groups -- meaning the Sunni, the Shia, the Kurds," Rumsfeld told CNN in a phone interview Tuesday afternoon. "And that was kind of the understanding I had and I thought everyone had."

    In a story titled "Bush was wrong on Iraq, says Rumsfeld," Rumsfeld told The Times that "the idea that we could fashion a democracy in Iraq seemed to me unrealistic. I was concerned about it when I first heard those words ... I'm not one who thinks that our particular template of democracy is appropriate for other countries at every moment of their histories."

    Bush supported the more ambitious goal of democracy in Iraq, but Rumsfeld told CNN that "the implication that that statement was anti-Bush is ridiculous."

    But others in the media have looked at previous comments Rumsfeld made about democracy in Iraq and suggested he has changed his tune.

    In a May 2003 speech to the Council on Foreign Relations, for example, Rumsfeld said, "This much is clear: we have a stake in their success. For if Iraq -- with its size, capabilities, resources and its history -- is able to move to the path of representative democracy, however bumpy the road, then the impact in the region and the world could be dramatic. Iraq could conceivably become a model -- proof that a moderate Muslim state can succeed in the battle against extremism taking place in the Muslim world today."

    Rumsfeld told CNN that he stands by that statement, that a democratic Iraq would be a model for the region, but that doesn't contradict his skepticism or the fact that his goals for what came after Saddam Hussein were more modest.

    Rumsfeld, who served as Bush's defense secretary from 2001 to 2006, also told The Times that removing former Libyan leader Moammar Gadhafi was a mistake because it destabilized the region.

    The Iraq War and concerns over Middle East stability have returned to the forefront of the national debate with the ongoing battle with ISIS.

  8. #8

    Re: The Dinar Daily, Wednesday June 10, 2015

    Sadr offers a reward for any evidence proves the involvement of his movement’s elements in corruption
    Wednesday, 10 June 2015 12:53

    Shafaq News / The office of the leader of the Sadrist Movement , Moqtada al-Sadr announced on Wednesday, that the latter is ready to receive evidence to prove the involvement

    of officials and MPs within his movement in administrative or financial corruption.

    The office said in a statement received by Shafaq News, that "Sadr is fully prepared to take any significant legal evidence proving the involvement of persons belonging to his movement on charges of administrative and financial corruption."

    The statement added that "the evidence will be received directly by Sadr and the person who deliver such evidence will receive a gift which is a copy of Quran."’s-people-in-corruption.html

  9. #9

    Re: The Dinar Daily, Wednesday June 10, 2015

    Security Committee: Peshmerga forces blocked Northern Supplies of ISIS to Mosul
    Wednesday, 10 June 2015 12:46

    Shafaq News / Defense and Defense Committee revealed on Wednesday, that the Peshmerga forces have stopped the supply of ISIS terrorist organization from the northern part of Mosul

    city to the city center, indicating that the strategic location in which Peshmerga forces exist will provide support to the federal forces to carry out joint operations targeting the desert region.

    The committee’s member , Hakhuan Abdullah told Shafaq News, that "Peshmerga forces are currently located in an important strategic site which is Keskin area , the buffer zone between Tal Afar district and Mosul city as security forces have been able to block these supply to terrorist gangs on the direction of Mosul city."

    Abdullah said that "the presence of these forces will have a big role in coordination with the federal forces to launch military operations towards al-Jazzera and al-Badiya areas and return to Mosul city."

    Peshmerga forces have managed over a whole year to control Mosul city and make great victories to regain control over many cities and regions after being engaged in battles against ISIS.

  10. #10

    Re: The Dinar Daily, Wednesday June 10, 2015

    9 ISIS elements killed in an ambush of the Federal Police in Ramadi
    Wednesday, 10 June 2015 12:39

    Shafaq News / The federal police headquarters announced on Wednesday, killing nine members of ISIS organization and the destruction of two vehicles in an ambush bomb

    made by a private battalion belonging to the Federal Police in Ramadi in Anbar province west of the country.

    "9 of ISIS terrorists were killed and two vehicles were destroyed as well as a motorcycle after the network of explosive traps made by the Brigade commando battalion in Ramadi operations."The federal police commander, Raed Jawdat said in a statement received by Shafaq News.

    The Popular Mobilization Units (PMU) move toward Fallujah city comes just days after the city swear allegiance to the leader of "ISIS" terrorist organization , Abu Bakr al-Baghdadi, during a press conference they held last week which met widespread criticism from Sunni clerics in addition to the Sunni tribal officials.

    The deputy commander of the PMU, Abu Mahdi al-Mohandes said Monday in a speech during a symbolic funeral for the victims of Speicher massacre that the Mujahideen in PMU began to move toward the head of the snake of ISIS in Ramadi and Fallujah.

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