The Dinar Daily, Thursday June 18, 2015
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  1. #1

    The Dinar Daily, Thursday June 18, 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 1315.131 1314.474
    British pound GBP 1835.634 1834.716
    Canadian dollar CAD 947.351 946.878
    Swiss franc CHF 1255.248 1254.621
    Swedish krona SEK 142.600 142.529
    Norwegian krone NOK 150.739 150.664
    Danish krone DKK 176.351 176.263
    Japanese yen JPY 9.447 9.442
    Special
    Drawing Rights
    SDR 1642.183 1641.362

    Indicative rates - (as of) 18.06.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2975- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 18/06/2015 results were as follows:

    DETAILS NOTES
    Number of banks 22
    Number of remittance companies 2
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 203,545,125
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 203,545,125
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-19-2015 at 11:16 AM.
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  2. #2

    Re: The Dinar Daily, Thursday June 18, 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, Thursday June 18, 2015

    Central Bank sells $ 203 million in currency auction confirms: we covered market need



    Long-Presse / Baghdad The Central Bank of Iraq, on Thursday, to sell it for $ 203 million to applicants in the currency auction, as he emphasized the need to cover the market.

    The central bank said in a statement received by, the (long-Presse) a copy of it, that "the central bank during the auction on Thursday, sold $ 203 million", describing it as "good proportio.He said the bank, that "the amount covered market need, have not been an exception of a sale."

    The Central Bank of Iraq, decided Tuesday (June 16, 2015), considered Saturday formally durable, banks to meet the need of the currency, noting that it reduced the duration of the special deposit amounts from ten to five days.

    And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.


    http://www.almadapress.com/ar/news/50331/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%A8%D9%8A%D8%B9-203-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1
    Last edited by pinkadonai1; 06-18-2015 at 11:34 AM.

  4. #4

    Re: The Dinar Daily, Thursday June 18, 2015

    Integrity: We have issued arrest warrants against more than one accused carried out in 1700, including 373 orders



    Long-Presse / Baghdad Announced the Integrity Commission, on Thursday, for the issuance of arrest warrants in 1703 accusing including ministers and employers degrees private, and confirmed the implementation of 373 is during the first half of the year 2015, and as pointed out that recruitment orders reached in 2951 is carried out, including in 1393, drawn to the issuance of 327 judicial warrant in corruption cases, including four accused of the right of the owners of special grades.

    The head of the Integrity Commission agency Hassan al-Yassiri during a press conference held at the Mansour Hotel in central Baghdad, and attended (range Press), "The number of judicial arrest warrants issued against the accused stood in 1703 it is from the first of January 2015 until the fourth month of June current", noting that "373 is carried out only, while the total number of orders that have not been implemented from 1191 is concerned."

    The Yasiri, said that "the arrest warrants issued against the ministers and their grade amounted to three orders," explaining that "the arrest warrants issued against special grades of 14 an arrest warrant."

    He pointed Yasiri, that "the number of court orders issued against the recruitment people in 2591 amounted to an order," pointing out that "the number of executed orders, including an order in 1393 amounted to stakeholders 875 is not implemented."

    He Yasiri, that "327 is a court issued arrest in connection with corruption cases," explaining that "four of the arrest warrants issued against the three accused of the owners of special grades."

    The Integrity Commission announced on Thursday, to investigate more than nine thousand the issue of punitive during the first half of the year 2015, and confirmed the resolution of more than four thousand of them, and as pointed out referral in 1668, accusing the judiciary, including ministers and rank shall be fixed and a candidate for the House of Representatives, pointed out the issuance of convictions against 433 defendants, including 13 of those with special grades.

    The head of the Integrity Commission agency Hassan al-Yassiri confirmed, in (6 May 2015), that corruption has become a "serious threat" to affect the structure of the state and community building, pointing to the work of the Commission in the identification and elimination of corruption across a range of important points within its program of work.

    It is noteworthy that Article 340 stipulates that sanctions shall be punished by imprisonment for a term not exceeding seven years or imprisonment for each employee assigned to public service or the latest or intentionally harm the interests of the funds in which it operates or related by virtue of his job or people with money entrusted to him.

    http://www.almadapress.com/ar/news/50335/%D8%A7%D9%84%D9%86%D8%B2%D8%A7%D9%87%D8%A9-%D8%A3%D8%B5%D8%AF%D8%B1%D9%86%D8%A7-%D8%A3%D9%88%D8%A7%D9%85%D8%B1-%D9%82%D8%A8%D8%B6-%D8%A8%D8%AD%D9%82-%D8%A3%D9%83%D8%AB%D8%B1-%D9%85

  5. #5

    Re: The Dinar Daily, Thursday June 18, 2015

    Integrity recover more than 5 billion dinars reveal: a deputy Abadi did not disclose financial discharged



    Long-Presse / Baghdad Announced the Integrity Commission, on Thursday, as restitution for more than five billion dinars to the Iraqi treasury, and confirmed that more than four billion dinars gained its provisions become final, and as pointed out that one of the Vice Prime Minister Haider al-Abadi did not disclose financial discharged so far, showed that Presidency of the Republic in response to the House of Representatives and the Presidency to detect receivables amounted to 100%.

    The head of the Integrity Commission agency Hassan al-Yassiri during a press conference held at the Mansour Hotel in central Baghdad, and attended (range Press), "The total amounts that judicial rulings issued its response to the Iraqi treasury since the first of January and until the fourth month of June this amounted to five billion and 889 000 455 thousand and 853 dinars, "asserting that" four billion and 290 000 137 thousand dinars and 20 gained its provisions become final. "

    In another context, he pointed to Yasiri, that "the number of disclosure of financial receivables forms received up to 17 last May amounted to 12 thousand and 500 form", adding that "the proportion of the presidency response and Presidency of the Council of Representatives to detect receivables stood at 100%."

    The Yasiri, that "the prime minister in response to the disclosure of financial receivables accounted for 75% of non-detection of one of the Vice Prime Minister for Finance discharged so far," explaining that "the proportion of ministers in response to the detection of receivables percentage of 96.5%."

    He Yasiri, that "the heads of bodies and authorities response rate is related to the Ministry and who are the rank of minister to detect financial receivables amounted to 73%," pointing out that "the members of the House of Representatives in response to the detection of receivables amounted to 45%."

    The head of the Integrity Commission agency Hassan al-Yassiri confirmed, in (6 May 2015), that corruption has become a "serious threat" to affect the structure of the state and community building, pointing to the work of the Commission in the identification and elimination of corruption across a range of important points within its program of work.

    It is noteworthy that Article 340 stipulates that sanctions shall be punished by imprisonment for a term not exceeding seven years or imprisonment for each employee assigned to public service or the latest or intentionally harm the interests of the funds in which it operates or related by virtue of his job or people with money entrusted to him.

    http://www.almadapress.com/ar/news/50337/%D8%A7%D9%84%D9%86%D8%B2%D8%A7%D9%87%D8%A9-%D8%AA%D8%B3%D8%AA%D8%B1%D8%AF-%D8%A7%D9%83%D8%AB%D8%B1-%D9%85%D9%86-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%8A%D9%86

  6. #6

    Re: The Dinar Daily, Thursday June 18, 2015

    Araji discuss with the Chairman of the Arab Bank management activate Arab investments in Iraq



    2015/6/18 12:05

    {Baghdad: Euphrates News} Deputy Prime Minister Bahaa al-Araji, with the head of the Arab Bank Sabih Masri activate Arab investment in Iraq.

    A statement to the Office of Media Araji agency {Euphrates News} received a copy of it on that, "Deputy Prime Minister Bahaa al-Araji, received in his office in Baghdad on Wednesday, Chairman of the Arab Bank management Sabih Masri and his accompanying delegation, where they were during the meeting, they discussed how to activate the reality of investment in various and areas such as banking and transportation Arab Bank, which is one of the advanced banks to Iraq experience "sector.

    The al-Araji, during the meeting on "government support for investment, especially if they came from before the addresses are known and have a good reputation and high expertise in the sectors of Arab and global economy", pledging to officials of the Arab Bank to "recommend the relevant authorities to provide support and assistance possible in order to ensure the success of Arab investments leading and according to the Iraqi interest, ".anthy

    http://wwww.alforatnews.com

  7. #7

    Re: The Dinar Daily, Thursday June 18, 2015

    Thousands of families receive one million bonus next week and the issuance of 400 thousand smart card for displaced people



    Wednesday 17-06-2015 | 8:36:21

    Twilight News / Minister of Displacement and Migration Jassim Mohammed detect distribution L99 thousand million grant family through the smart card, noting that next week will grant distribution to 100 000 other families, as well as the inclusion of 130 000 end of the month down family meal first.

    Mohammed talk came at the start of a meeting with a representative of the High Commissioner for Refugees in the new Iraq Bruno Guido.

    And refugees in the country, the two sides dealt with according to an official statement issued by the ministry "of Syrian refugees and the Palestinians relief operation and the Iranians and others, and that activating the memoranda of understanding between the Ministry and the Commission that will find effective plans to solve the problems they face and to provide services to them."

    However, the minister said that "the ministry is currently considering a plan to link the refugee file system of the Ministry of electronic smart card to facilitate the provision of necessary assistance to them and carrying out relief work on the monitoring process through the system."

    I take it that Guido "new and special ministry's plan to refugees will be of interest to the study by the Commission and it is working to coordinate with the ministry to develop solutions to the root file displaced persons and refugees."

    The Ministry of Displacement and Migration also revealed the issuance of 403 736 thousand smart card for displaced people to receive financial grants allocated to them in cooperation with the Rafidain and Rasheed global company to issue a smart card.

    The ministry pointed out that "these cards have been issued so that displaced families receive financial grants allocated to them in the general budget for 2015, which stipulates the distribution of financial grants to the displaced through the smart card exclusively law."

    The ministry stated that "the issuance process of the card up to the fifteenth of the month of June this was (403.736) A smart and practical card continuously until the card is issued to all displaced families across the country, stressing that a more conservative have been issued smart cards which was the capital Baghdad, where he has been released ( 85 493) A card followed by the province of Arbil b (66 304) thousand card, and then the province of Kirkuk (47250) A card ".

    http://www.ara.shafaaq.com

  8. #8

    Re: The Dinar Daily, Thursday June 18, 2015

    Integrity recover five billion dinars to the treasury



    06/18/2015 13:09

    Integrity Commission announced, on Thursday, for the recovery of more than five billion to the state treasury .

    BAGHDAD / Obelisk: Integrity Commission announced, on Thursday, for the recovery of more than five billion to the state treasury, as pointed out implementation of the catch out of 373 is more than 1,700 .

    The head of the Hassan al-Yasiri in a press conference held in the capital, Baghdad, and I followed, "obelisk", "The money they were sentenced to judicial their response to the state treasury, amounting to five billion and 889 million and 455 thousand and 853 Iraqi dinars ".

    Yasiri He added that "the Commission has issued arrest warrants against the accused more than 1,700 orders", adding that "373 is executed them . "

    The financial and administrative corruption is spreading in Iraq dramatically, as Transparency International's Iraq ranked as the third most corrupt country in the world after Somalia and Sudan, but that the Iraqi government is often critical of the organization reports on corruption and considers inaccurate and based on the information reached by by local and foreign companies It failed to implement service projects in Iraq.

    http://almasalah.com/ar

  9. #9

    Re: The Dinar Daily, Thursday June 18, 2015

    Central announce the sale of more than $ 203 million



    06/18/2015 12:24

    The meet all market demands this day and, without exception,

    BAGHDAD / Obelisk: the Iraqi Central Bank announced on Thursday that he was to meet all the demands of the market, while stressing sell more than $ 203 million.

    The central bank said in a statement published by the local media and pursued "obelisk", "it was to meet all the demands of the market that day, without exception."

    He said the bank, "it was selling more than $ 203 million."

    And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.

    http://almasalah.com/ar

  10. #10

    Re: The Dinar Daily, Thursday June 18, 2015

    Deputy: reject the intervention of the United Nations representative in the Iraqi issue



    06/18/2015 11:02

    Put an end to foreign intervention in Iraqi affairs and take a decisive stand at the fact that some customers of collaborating with foreign parties hostile to Iraq, especially since we are fighting a war against the worst terrorist extremist organizations.

    BAGHDAD / obelisk expressed high Nassif, MP Thursday, its rejection of interference Representative of the Secretary General of the United Nations, Jan Kubiš in Iraqi internal affairs, and as pointed out that Iraq is no longer under the guardianship internationalism, the Iraqi government has demanded an end to foreign intervention.

    Nassif said in a statement published by the local media and I followed "obelisk", "The role of the United Nations representative Jan Kubiš consultant and human and reject any intervention by him in Iraqi internal affairs."

    Wondering "what his relationship with the release of the detainees and is it familiar with the files of each detainee? And what its relationship to the political agreement and whether the application is a civil governor of Iraq?".

    Nassif, adding that "Iraq is no longer under the guardianship UN did not the Iraqi government not to internationalize the issue of this country," pointing out that "the blame does not fall on Kubiš alone, the man despite the fact that its interventions are rejected out of hand, do not interfere in our affairs if Iraq did not find an arena for clients welcoming any interventions and the scene of communication with foreign parties."

    Criticized Nassif "Scott the rest of the politicians on these interventions have come to all nations talk about Iraq as if it will be", demanding the government to "put an end to foreign intervention in Iraqi affairs and take a decisive stand at the fact that some customers of collaborating with hostile foreign parties of Iraq, especially since we are fighting a war against the worst terrorist extremist organizations ".

    Kubiš was appointed, last February, a representative of the Secretary-General of the United Nations in Iraq, replacing Bulgarian Nikolai Mladenov, who was appointed coordinator for the Middle East in the international organization.

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