The Dinar Daily, Friday June 19, 2015
Page 1 of 15 12311 ... LastLast
Results 1 to 10 of 144

Thread: The Dinar Daily, Friday June 19, 2015


    
  1. #1

    The Dinar Daily, Friday June 19, 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 (no change as of 19.06.2015)


    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: (no change as of 19/06/2015)

    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; 06-20-2015 at 11:13 AM.



  2. #2

    Re: The Dinar Daily, Friday June 19, 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, Friday June 19, 2015

    The central bank would agree to develop Kut Barrage in Iraq's new currency designs



    Long-Presse / Wasit Chairman of the Wasit province Mazen Zamili revealed on Friday by the Central Bank of Iraq agree to put Kut Barrage in Iraq's new currency designs, as pointed out that the Central Bank will work in this project when the immediate return of the Iraqi currency structure, counting a design Kut Barrage on the Iraqi currency It is important as a tourist and economic edifices in Iraq.

    Said Zamili in an interview with the (long-Presse), "The Central Bank of Iraq and agreed to a proposal we made under our book (in 1051 on the fourth of June this) would put a picture Kut Barrage in Iraq's new currency designs," adding, that "Kut Barrage Project economic and national believe in water distribution between the southern provinces. "

    He Zamili, that "the Central Bank of Iraq ago our book under the Directorate General of versions and the reservoir call (261 on the seventeenth of June this) that he took into consideration the situation in Kut Barrage Iraqi currency designs when direct project re-structure the Iraqi currency."

    Zamili noted, that "the presence of design Kut Barrage on the Iraqi currency is important as monuments of urban, tourist and economic in Iraq," noting that "the Kut Barrage constructed by the Iraqi government by one of the English companies in the thirties of the last century."

    The past few years have seen several attempts, whether from the government or from the central bank to replace the tiny paper currency denominations metal or printed large sections of the Iraqi currency (fifty and a hundred thousand dinars) or delete the zeros of the Iraqi currency, but all such attempts have not been implemented on the ground for several considerations, including Print coins that costs very expensive addition to the fear of confusing the Iraqi market and reflect negatively on the Iraqi citizens and the economy.

    The company Balfour Beatty English Kut Barrage project carried out on the Tigris River in Wasit Province to regulate water distribution between the provinces of Wasit and Dhi Qar, Maysan, and officially opened in the (29 / March / 1939).

    Located Kut Barrage on the Tigris River, linking the city center with the western side where, and is an important milestone in Kut, Wasit province in general, has been created by a British company and opened in 1939, and contains 56 gate, and the purpose president to regulate water distribution between the provinces of Wasit and Dhi Qar and Maysan across the Shatt al-Gharraf River Dujailah who Atafraan of the provider of COPD.

    http://www.almadapress.com/ar/news/50375/%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%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%88%D8%B6%D8%B9-%D8%B3%D8%AF%D8%A9-%D8%A7%D9%84%D9%83

  4. #4

    Re: The Dinar Daily, Friday June 19, 2015

    Long-Presse published a draft National Guard Act, as amended



    Long-Presse / Baghdad Published (range Press) draft law of the National Guard in Iraq and amendments made to it by the political blocs, the following is the text of the draft.

    Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of the first item of Article 61 and Item III of Article 73 of the Constitution.

    Issued the following law:

    National Guard Law
    Article 1. the following terms for the purposes of this Act the meanings indicated opposite thereto:

    First. National Guard troops: military forces composed of people of the province is part of a region to contribute in the face of terrorism and maintain security.
    II. Sons of Iraq: individual contractors with the Iraqi government to defend the homeland and the fight against terrorism.
    Thirdly. People crowd: Individuals volunteers or contractors with the popular crowd Authority to support the armed forces in defending the homeland and fighting terrorism.
    IV. Leadership: the leadership of the National Guard.
    Fifthly. Leader: Commander of the National Guard.
    VI. Chief of Staff: Chief of Staff of the National Guard.
    VII. Officers: National Guard officers.
    VIII. Officers assigned: officers seconded to work in the National Guard.
    IX. Permanent formations: formations consisting of members of the National Guard Aldaimyin.
    Tenth. Reserve formations: the structure of the National Guard formations are activated when you call their members of the National Guard reservists fighters.

    Article 2. This law aims to:
    First. Effective contribution in the face of the threat of terrorism and maintain security in the governorates not organized in a region through the formation of military forces from the people of those provinces to be part of the armed forces.

    Amendment: First. Effective contribution in the face of the threat of terrorism and maintain security in the governorates not organized in a region through the formation of security forces from the people of those provinces are part of the armed forces.
    II. The integration of the popular crowd fighters and the people of Iraq of non-employees of the interior and defense ministries who have contributed to fight terrorism in the National Guard.
    Amendment. Third: absorb the popular crowd and the Sons of Iraq fighters and tribal members from non-employees of the interior and defense ministries who have contributed to fight terrorism in the National Guard.
    Article 3. A. First. Formed under this law, National Guard troops and called her leadership (the leadership of the National Guard).
    B. The leadership of the National Guard has a moral personality and financial and administrative independence and linked to general commander of the armed forces, represented by its leader or his nominee.
    II. It is arming the National Guard heavier than arming the police and lighter than arming the army to suit the specific tasks and duties of the National Guard troops in this law.
    Thirdly. Apply to the National Guard in the provinces that constitute the legal provisions set forth in the governorates not organized in the territory of Law No. (21) of 2008 relating to the police in the province.

    Article 0.4. The National Guard, the following tasks:
    First. Contribute to the fight against terrorism.
    II. Contributing to the maintenance of security in the province.
    Thirdly. Assigning police to save the rule of law and the protection of infrastructure and strategic installations in situations beyond their ability.
    IV. Providing support and support in emergency situations and natural disasters.
    Fifthly. Help maintain the security of the other provinces at the Commander in Chief of the Armed Forces command.
    VI. Informational coordination and cooperation with the security authorities in accordance with instructions issued by the intelligence commander of the armed forces.

    Article 5 first. The leadership of the National Guard is made up of the following configurations:
    A. Chief of staff of the National Guard
    B. Administrative Department
    C. Mira circle
    D. Operations Department
    E. Intelligence Service
    And. Circuit Training
    G. Inspection Service
    H. Circle the crowd and Moral Guidance
    I. Accounts Department
    J. Media and Public Relations
    II. A. Headed by chief of staff of the National Guard set forth in paragraph (a) of item (i) of this Article lieutenant Brigade corner at least.
    B. Runs circles set forth in item I of this article officer of the rank of brigade or employee entitled General Manager.
    Altadel.b. Runs circles set forth in item I of this article, a brigadier at least or employee entitled General Manager.
    Thirdly. Formations tasks set forth in item sets first of this article brigadier or at least an employee entitled General Manager.
    Thirdly. Formations tasks set forth in item sets first of this article and divisions and functions of the system of internal divisions issued by the National Guard commander.

    Article 0.6. Take the lead in the National Guard following tasks:
    First. National Guard management.
    II. Securing equipment, weapons and other supplies needed by the National Guard to perform its functions in accordance with law.
    Thirdly. Preparation of annual training programs for the development and rehabilitation of the National Guard formations.
    IV. Order placement of a number of professional officers to work in the National Guard formations as owners.
    Fourth Amendment. Request the assignment or transfer of a number of professional officers to work in the National Guard formations as angel
    Fifthly. The organization of the National Guard formations or units of light infantry and in line with the structure and organization of the armed forces and arranged.
    VI. Preparation of the organizational structure and job descriptions and owners of National Guard troops in coordination with the Ministry of Finance and approved by the General Commander of the Armed Forces.
    VII. Issuing regulations to prepare and qualify officers of its members in accordance with the criteria adopted in the Iraqi armed forces.

    Article. 7. First. Nominated by the Commander in Chief of the Armed Forces of three candidates for appointment to the post of Commander of the National Guard and one of them chooses the Cabinet and sent to the House of Representatives to approve the appointment.
    II. National Guard commander be particularly high.
    Amendment: Second. Stipulated in the National Guard commander and his deputy:
    A. Be Iraqi and Iraqi parents.
    B. Iraqi Military Academy graduate.
    T. A graduate of the Iraqi General Staff College.
    W. The rank of lieutenant corner at least.
    Thirdly. To be Deputy Commander of the National Guard replace him in his absence for any reason.
    Amendment III. To be Deputy Commander of the National Guard lieutenant corner appoint the same mechanism set leader and replace him in his absence for any reason.
    IV. Commander of the National Guard to authorize some of its functions to his deputy or general managers or leaders.

    Article 0.8. The National Guard commander of the following tasks:
    First. Management and supervision of the National Guard formations
    II. Provide advice and recommendations in their respective fields to the Commander in Chief of the Armed Forces.
    Thirdly. With regard to the implementation of the strategy of leadership in national security and the security of which branching strategies.
    IV. Recommendation to the General Commander of the Armed Forces appointed Deputy Commander, leaders and commanders and general managers.
    Amendment: Fourth. Recommendation to the General Commander of the Armed Forces appointed leaders and commanders and general managers.
    Fifthly. The annual budget proposal to the National Guard troops and submit to the General Commander of the Armed Forces Project.
    VI. Invite members of the National Guard reservists to join their units for the purposes of the annual training and enrollment is for (1) one month and be demobilized immediately after the training period.
    VII. Call the formation of one or more of the formations of the National Guard in the province or more after coordination with them, to be deployed outside the provinces based on the approval or is the Commander in Chief of the Armed Forces.

    Article 0.9. The service is in the National Guard and two types as follows:
    First. Permanent service: be for workers in the leadership and management sites and sites that require the accumulation of experience and fighters exact number.
    II. Reserve Service: be for volunteers to reserve service in accordance with the contracts for a period of five (5) years, subject to renewal of vows and the volunteer reservists to join a year for (1) one month for retraining.

    Article. 10. Associates of the formations of the National Guard and Reserve Aldaimeon of people of the province that constitute it.

    Article. 11. appoint a National Guard commander in the province, which constitutes the same mechanism used in the selection of the police chief set forth in the governorates not organized in the territory of Law No. (21) for the year 2008 to be approved by the Commander in Chief of the Armed Forces on the appointment.

    Article 0.12. Determine the instructions issued by the Commander in Chief of the Armed Forces as follows:
    First. Two officers and commanders and leaders in their units and their positions and their movements service.
    II. Your outfit to members of the National Guard and their rank in line with the hierarchy in other Iraqi armed forces.

    And amended Article 12 to be as follows:
    Article 12.
    Officers commanders and leaders in their units and office and service for their movements according to the military service law, retirement No. 3 of 2010 as amended and determine their rank in line with the hierarchy in other Iraqi armed forces.

    Article. 13. First. Required to accept volunteer in the National Guard and the availability of the following conditions:
    A.on be an Iraqi and Iraqi parents.
    B. Not under the age of (18) eighteen years and not more than (35) thirty-five years for permanent volunteers on the service, and not more than 45 years for volunteers on reserve duty.
    C. To be fit for service in the National Guard under the report issued by a specialized medical committee.
    D. Must not be convicted of a felony non-political or misdemeanor involving moral turpitude.
    E. To be of good character and reputation and behavior.
    And. He holds a primary school certificate at least.
    G. To be from the province, which constitutes the National Guard.
    H. Not to be a member of any political party.
    II. A. Excluded from the old school cop and the certificate of terrorism fought members of the popular crowd and the people of Iraq and the people of the tribes.
    T. It is entered excluded from the terms of the certificate courses in literacy courses in cooperation with local governments in the provinces and the Ministry of Education.
    Thirdly. Be security checks for volunteers in accordance with the criteria adopted in the Ministry of Defense.

    Article 14. First. Earns Associates of the National Guard with permanent service salaries and allowances of their peers in the Department of Defense
    II. State departments continue to pay the salaries of its members from members of the National Guard reservists when they are called to serve and return them to their jobs after demobilization.
    Thirdly. Take the lead in the National Guard to pay volunteers working in the private sector salaries and the employer is required to return the person to do within 10 days from the date of demobilization.
    IV. Grants members of the National Guard when they are called to serve the reserve risk and nutrition given to their peers of the employees of the Ministry of Defence allocations.
    Fifthly. Calculated reserve service of the National Guard for doubling the premium and for the purposes of promotion and retirement service.

    Article 15. First. The Commander in Chief of the Armed Forces call part or all of the employees of the National Guard reservists to join their units in the following cases:
    When you get a serious deterioration of the security is not enough National Guard formations would deflect it.
    B at the outbreak of war or expecting a war.
    C when disasters or emergencies.
    II. Demobilized Associates of National Guard reservists enrolled under the summons issued by the commander of the armed forces under him.

    Article 15 Associates of the armed forces and internal security forces and the Associates of the intelligence and security agencies in the National Guard does not accept Subject to the provisions in Articles (1 / VIII) and (6 / iv) of the Act.

    Article 17 shall colleges and educational institutions and training military and security of the defense and interior ministries to accept a number of employees of the National Guard for study and training and in coordination with the commander of the National Guard and the ministers concerned.

    Article 18 of the Governor on the recommendation of the Security Committee in the province to ask the Commander in Chief to call all or some of the reserve National Guard troops in the province when you get a security threat or disaster outweigh the possibility of Internal Security Force and National Guard permanent in the province, and the commander of the armed forces approval on call all the power requested by the Governor or any part thereof, or ministering strongly request of the National Guard from another province, according to its comprehensive assessment of threats to national security or to reject the request.

    Amendment: Article 18. governor and on the recommendation of the provincial council to ask the Commander in Chief to call all or some of the National Guard reserve forces in the province when get a security threat or disaster outweigh the potential of the Internal Security Forces and the National Guard permanent in the province, and the commander of the armed forces call all the power requested by the Governor or any part thereof or ministering strongly request of the National Guard from another province, according to its comprehensive assessment of threats to national security or to reject the request.

    Article 19. First. The movement of the contracts and the financial allocations for the people of Iraq from the Directorate of integrating the militias into the leadership of the National Guard and convert decades who continued to confront terrorism to permanent service if they fulfilled the admission requirements of their contracts or turned to reserve service contracts in the National Guard.
    II. The movement of the contracts and the financial allocations for the Volunteers popular crowd to lead the National Guard and turned their contracts into permanent service if they fulfilled the conditions of admission, or their contracts turned into a reserve service contracts in the National Guard and the ratio of the population by taking into account the plug-in hybrid provinces.

    Article 20. First. Applies Military Retirement Law No. (3) for the year 2010 and the Military Penal Code No. (19) of 2007 and the Code of Military Criminal Procedure No. (30) for the year 2007 to the employees of the National Guard.
    II. Affiliation may not be members of the National Guard Aldaimyin any political party, and may not be doing any activity that supports or undermines the interests of any political party.

    Article 21. First. It may issue regulations to facilitate the implementation of the provisions of this law.
    II. To the commander of the National Guard, with the consent of the Commander in Chief of the Armed Forces, the issuance of internal instructions and regulations to facilitate the implementation of the provisions of this law.

    Article 0.22. This law shall be the date of its publication in the Official Gazette.

    The reasons
    Due to the security circumstances through which Iraq is due to exposure to terrorist attack and fierce in order to organize the ranks of the people who fought for this terrorist attack according to the formations are consistent with the structure of the Iraqi armed forces and give them the rights and privileges that are commensurate with the efforts and sacrifices. Initiated this law.


    http://www.almadapress.com/ar/news/50359/%D8%A7%D9%84%D9%85%D8%AF%D9%89-%D8%A8%D8%B1%D8%B3-%D8%AA%D9%86%D8%B4%D8%B1-%D9%85%D8%B3%D9%88%D8%AF%D8%A9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%AD%D8%B1%D8%B3-%D8%A7%D9%84
    Last edited by pinkadonai1; 06-19-2015 at 11:38 AM.

  5. #5
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Keywords: foreign currency reserves is twice the size of the dinar in the market and inflation to less than 2%


    Governor of the Central Bank on the Keywords

    Author: ASJ
    Editor: BS, NS

    19.6.2015 fifty-one past one p.m.

    Long-Presse / Baghdad

    The governor of the Iraqi Central Bank on the Keywords, on Friday, that there are attempts to weaken the Iraqi dinar, and while noting that the foreign currency reserves in the Central Bank is twice the size of the Iraqi dinar in the market, confirmed the arrival of the inflation rate to less than 2%.

    Keywords and said in a statement received (range Press), a copy of it, that "the past few days have proved that there are attempts to weaken the Iraqi dinar, as well as attempts by speculators fool hard facts that have failed and will develop to fail at any time," adding, that "foreign currency reserves the central bank is twice the size of the Iraqi dinar in the market. "

    Keywords and added, that "there is a progressive increase in the production and prices of oil in Iraq," noting that "the inflation rate amounted to less than 2% of what makes the strength of the local to our currency."

    Keywords explained, "and no direct support from the International Monetary Fund and the World Bank and the Islamic Development Bank to overcome the oil price shock," pointing to "almost daily coordination between monetary and fiscal policy for the first time."

    He pointed Keywords, to "low consumer government spending dramatically," stressing that "there are indications and the facts confirm the defeat of terrorism in the near future."

    The Prime Minister Haider al-Abadi stressed, on Thursday (the eighteenth of June 2015) on the need to follow up and address any problematic novel about the dinar exchange rate against the dollar in the local markets, as approved crisis cell on the proposal of the Central Bank delete the amounts added on remittances, stressed the need commitment to the oil agreement with Erbil.

    The Central Bank of Iraq, announced on Thursday (the eighteenth of June 2015), sold for $ 203 million to applicants in the currency auction, as he emphasized the need to cover the market.

    Economists attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, which increase the width of the dollar in the market Package and acceptance of all purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.

    Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend the law so as to ensure the bank's independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing action "deterrent"

    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
    Last edited by Loopback; 06-19-2015 at 12:25 PM.

  6. #6
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Iraq agrees to develop a new border port with Iran believes enter three million visitors



    Author: BS, JB
    Editor: BK, BS

    06/18/2015 eighteen past nine p.m.


    Long-Presse / Wasit
    Said a local official in Wasit, on Thursday, the Federal Government approval to develop a new border port with Iran in Shihabi area, southeast of the province, (180 km southeast of Baghdad), returned he would double trade between the two countries, and allows entry of three million Iranian visitor in religious events.

    Said Mayor Badrah, (80 km east of Kut), Jaafar Abdul-Jabbar Mohammed, in an interview to the (long-Presse), said that "an important meeting held today, in the Iranian Ilam Province, between the governors of Wasit, the owner of the valley, and Eelam Mohammad Reza Amrawid, in the presence of other officials from the two sides, during which the declaration of the Iraqi government approval to open a new port for trade with Iran in Shihabi area, southeast of Kut. "

    He said Mohammed, that "the work of the new port will be the case receive Iranian Foreign Ministry's response to the request made by their Iraqi counterparts in this regard", noting that "the new port is located at a distance (about 70 km from the current port), and be in the region corresponding to the hand Shihabi canceled , which promotes the re-development of the area that was canceled because of the Iran-Iraq war in 1981 1988. "

    He explained Mayor Badra, that "the Board of Governors of Wasit Eelam and agreed to initiate work on the new port through an exceptional time after the Iranian Foreign Ministry for approval, allowing the opportunity to enter the three million visitors during the next Iranian visit forties."

    The current Zurbatiyah port one of the most important ports with Iran has been since it opened in April 2003 active movement of trade exchange between the two countries in addition to the entry and exit of visitors from both countries has witnessed in recent years the development of large and rehabilitation operations in order to accommodate trade movement, which has seen a dramatic rise between the two countries.

    The Iraqi Interior Ministry had agreed to establish a new port adjacent to the current port in Zurbatiyah world-class advanced to match his Iranian counterpart Eelam port, and the cost of the new port 46 billion dinars The completion rate which is currently 71 percent.

    http://www.almadapress.com/ar

  7. #7
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Khatib Kufa demanded to stop "manipulating" the economy and Accounting "Mkhest"



    In front of the Friday sermon preacher Kufa Zia cord

    Author: AY
    Editor: AB, BS

    06.19.2015 13:53

    Long-Presse / Najaf
    Imam Talib and preacher Kufa mosque in Najaf, Zia cord, on Friday, the Iraqi government and the central bank to stop "manipulating the livelihoods of traditional citizens" and to hold "spoilers economy", and stressed that the high dollar prices, "have a negative impact on purchasing power," while calling the ministries of electricity and oil cooperation to provide electricity for citizens in the city of Najaf.

    Said cord during Friday prayers in Kufa mosque in Najaf and attended (range Press), said that "the Iraqi government and the management of the Central Bank of Iraq to stop manipulating the livelihoods of traditional people because of a handful of Algaronyen and thieves people and accounting spoilers country's economy before it is too late", calling on national authorities to "pressure in this direction and not turn a blind eye about them ''.

    The cord, that '' the erosion of the dinar against the dollar and traded in the market at high prices even though the exchange rate of the Central Bank of constant straining the country's economy and a negative impact on purchasing power. "

    He called cord, the ministries of oil and electricity to "cooperate with each other in order to provide electricity for the citizens in the city of Najaf and operation of the new power plant that has been spent by the big money."

    The Prime Minister Haider al-Abadi stressed, on Thursday, on the need to follow up and address any problematic novel about the dinar exchange rate against the dollar in the local markets, as approved cell crisis on the proposal of the Central Bank delete the amounts added on remittances, stressed the need to adhere to the oil agreement with Erbil .

    Economists attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, which increase the width of the dollar in the market Package and acceptance of all purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.

    Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution It is to amend the law so as to ensure the bank's independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing to "dissuasive" measures.

    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

  8. #8
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Governor of the Central Bank: The decision to cancel the duties and taxes on the purchase of the dollar exchange rate will be reduced significantly



    06/18/2015 nineteen past eleven p.m.

    {Baghdad: Euphrates News} counting the Governor of the Central Bank and the Agency on the Keywords decision to cancel the duties, taxes and other measures that it will reduce the dollar exchange rate significantly.

    According Keywords in a statement the agency {Euphrates News} received a copy of it on "The economic crisis cell met today under the chairmanship of Prime Minister Haider al-Abadi and approved the proposal of the Central Bank of Iraq delete customs and excise tax imposed on the purchase of the dollar, amounting to 8%."

    He added that "the decision to cancel fees , taxes and other measures will reduce the dollar exchange significantly price. "
    The prime minister Haider al-Abadi had stressed today during chaired by the crisis cell on the need to follow up and address any problematic novel including in particular to maintain the dinar's exchange rate against the dollar in the domestic market, and the prosecution of factors no trouble getting to Aigturn conditions objective, as happened during the last days of the sudden rise is not justified, but was quickly brought under control. "

    The crisis has decided to approve the proposal of the Central Bank of Iraq delete ratio of 8 percent, which represents income taxes and Alcomerk which added to the cell remittances Alnkadih.anthy

    http://wwww.alforatnews.com
    Last edited by Loopback; 06-19-2015 at 12:24 PM.

  9. #9
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Zalmi: fairness of the application of the general amnesty law is a message of peaceful coexistence conditions predispose



    6.19.2015 8:44

    {Baghdad: Euphrates News} description member of the National Alliance MP Abdul Aziz Zalmi the application of the general amnesty law Avadlh that predispose a message of peaceful coexistence in the country conditions.

    He said the Attorney Zalmi told {Euphrates News} that "all always political blocs what it says and authorize and declare it with dropping off the roughest sanctions against both hands are stained with the blood of Iraqis, and the law of general amnesty was approved by the Council of Ministers and referred it to Parliament for approval and scrolling must These killers criminals does not cover. "

    He stressed Zalmi that "the inclusion of terrorists and murderers, this law is is unfair to the families of the victims of terrorism, and exclusion is a blow to terrorism."

    The Council of Ministers has endorsed a few days ago on the draft of the amnesty law and referred it to Parliament to take his time in the discussion and study in order to read and voted on and passed to apply and takes all his rights and obtain criminals punished for their crimes and declare the innocence of the innocent and compensate for what they have suffered from Dharr.anthy 2

    http://wwww.alforatnews.com

  10. #10
    Moderator Loopback's Avatar
    Join Date
    Oct 2014
    Location
    Bora Bora
    Posts
    7,704

    Re: The Dinar Daily, Friday June 19, 2015

    Parliamentary change: We can not allow inclusion of terrorists and those involved in the blood of the Iraqi general amnesty law



    6.19.2015 12:10

    {Baghdad: Euphrates News} head of the parliamentary bloc of change Hoshyar Abdullah announced his bloc refused to allow the inclusion of terrorists and those involved in the blood of the Iraqi general amnesty law.

    He said Abdullah told {Euphrates News} on Friday that "We have a kind of vigil seriousness of the amnesty law through how to address the law in matters that are in the national interest," adding that "there is considerable debate about the law before voting on it in the parliament." .
    The General Secretariat of the Council of Ministers has forwarded the draft amnesty bill to the House of Representatives.

    The prime minister Haider al-Abadi, had confirmed in a press statement that "the proposed law does not allow the exit of any of the criminals and terrorists who have shed Iraqi blood cold-blooded, but allows the release of committed ordinary crimes, and there are conditions that must be achieved to be done. and ended h

    http://wwww.alforatnews.com

Posting Permissions

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