The Dinar Daily, Sunday June 21, 2015
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  1. #1

    The Dinar Daily, Sunday June 21, 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 21.06.2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2977- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 22/06/2015 results were as follows: The port day of 21/6/2015

    DETAILS NOTES
    Number of banks 25
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 265,209,979
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 265,209,979
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-22-2015 at 11:19 AM.



  2. #2

    Re: The Dinar Daily, Sunday June 21, 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
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    Re: The Dinar Daily, Sunday June 21, 2015

    The central bank sold more than $ 210 million at the exchange rate of 1190 dinars



    Sunday, June 21, 2015 12:07

    BAGHDAD / Baghdadi News / .. Central Bank announced on Sunday, sell for more than $ 210 million in the currency auction, the exchange rate was 1190 dinars per dollar.

    The bank said in a press statement received / Baghdadi News / copy of "The bank sold at an auction buying and selling currencies 210.212 million dollars after it was yesterday, 257 million and 651 000 dollars."

    "The sale amounts transferred to accounts in banks abroad amounted to the price of 1187 dinars per dollar, including the commission of the Central Bank of $ 21 dinars per dollar, while cash sales price of 1190 dinars per dollar, including the commission of the bank in the amount of 24 dinars per dollar." It ended 21 / Q.

    http://www.albaghdadianews.com

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    Re: The Dinar Daily, Sunday June 21, 2015

    Abdul-Mahdi: Iraq seeks to put government treasury bonds in the international markets in the face of market volatility



    2015/6/21 0:21

    {Baghdad: Euphrates News} Oil Minister Adel Abdul-Mahdi said "Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. And seeking a BB rating or more in credit rating."

    Said Abdul-Mahdi said in a statement received by the agency {Euphrates News} a copy of it today, "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "{" Fitch "and" Moody "} global institutions .. No third contribute to an" Standard & Poor's, "{which lowered the credit rating of the United States in 2011 from AAA grade to grade + AA} .. and three of the top international banks and is" Citibank "and" JP Morgan "and" Deutsche Bank ", all of that on the one hand .. It is the Iraqi ministers of finance and planning, oil and central bank governor and deputy national security adviser, as well as senior advisers and experts, lawyers for the parties involved. The objective assessment credit situation of Iraq, which is the "Unclassified" {NR, Not publicly rated}, and this is less so from lower grades D .. The highest grades are AAA. The higher the "Category" ahead whenever facilitated transactions rose admissibility and dropped interest rates, and vice versa .. especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. Egypt for example classified BB, and Iraq is seeking to get that rating or more. "

    He continued, "that Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. Therefore, the meetings were the necessity to seek the restoration of the situation ".

    And he finished Abdul-Mahdi, said, "There is no doubt that the most serious threat any country is drowning in debt .. But what is more dangerous than that to get the country economic infertility and stop the development process, and begin to produce increasing rates of poverty, ignorance, underdevelopment and unemployment. Although the development mobilization and starting the process internships, but this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, meaning it controls the phenomenon and hidden, the senior interests, states play a key Adora. The decisions in these forums, despite everything From the figures, information and professional, but also the interests of the decisions and wrong impressions and not necessarily an objective and fair decisions. "

    He concluded by saying, "In any case, does not reflect the religion itself for malfunction as long as invested in the areas of development, investment and infrastructure or social services that develop the population and human resources, and as long as there is a check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the the world .. They and other major countries, the city of all, occupies the highest rates of "Category" global. So it was to give the International Monetary Iraq in 2004 "loan crisis" fund, evidence of Iraq efficiency in the payment of its debts, infers the states and institutions in dealing with the Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average-income country such as Iraq, ie 80-90% of the total 120-130 billion debt. Therefore boast top international companies as loans got high, as evidence banks the confidence and ability to pay and invest the money in a growing areas ".anthy

    http://wwww.alforatnews.com

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    Re: The Dinar Daily, Sunday June 21, 2015

    Allawi, Iraq's money and deprive the aspects of spending and calls to bring the Central Bank of quotas



    Sunday 21-06-2015 | 12:49:30

    Twilight News / announced national coalition led by Vice President Iyad Allawi, on Sunday, for his efforts to conduct an inventory of my account on all Iraqi funds spent since 2003 to detect objects of expenditure and cases of corruption and waste of public money, called on the government and the House of Representatives to bring the Central Bank of the quota system.

    A statement from the coalition, responded to Twilight News, he is following with deep concern the continued decline in the dinar exchange rate, which directly affects the citizen and lead to higher commodity prices weighing his shoulders in the month of Ramadan, and contributes to the impoverished, and exacerbate threats to civil peace, and is a face the other for terrorism obnoxious.

    He added that "floundering" policy and decision "ill-considered" the central bank, which has the responsibility to maintain the value of the currency, led to a loss of confidence in Iraqi currency and pay the owners of dinars to replace them quickly to the dollar to maintain its value, which led to the currency deterioration, alluding to the "corruption mafias exploit this decline for a profit without conscience or national and dearest, and without fear of the expense."

    The statement called on the government and the House of Representatives to bring the central bank, which he called "basket quotas odious", and the replacement of those responsible for the collapse of the exchange rate who were hired for reasons of partisan known, and they lack the experience needed to manage such a serious institution, and national personalities of the owners of expertise and efficiency and the ability to ensure the stability of currency, and end the state of proxy appointment and give confidence to those who deserved it.

    The statement disclosed for the pursuit of national coalition led by Ayad Allawi, to conduct an inventory of my account on all Iraqi funds spent since the occupation of Iraq in 2003 and to this day by using a professional and impartial international experience, and detect objects of expenditure and cases of corruption and waste of public money and punish all the perpetrators.

    http://www.ara.shafaaq.com
    Last edited by Loopback; 06-21-2015 at 12:49 PM.

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    Re: The Dinar Daily, Sunday June 21, 2015

    Central: 50 thousand dinars category in January



    Past the bank in its procedures for issuing higher than the current local currency category, and it has been studied this subject from all its dimensions.

    BAGHDAD / Obelisk: Central Bank of Iraq has decided to put coin 50 thousand dinars in the month of January, while the currency has decided to wait in the 10 thousand dinars introduction of new Bhltha which was expected released this month.

    The governor of the Iraqi Central Bank on the Keywords, at a news conference carried by the local media, I followed "obelisk", "The bank's past in its procedures for issuing higher than the current local currency category, and has been studied this subject from all its dimensions."

    Keywords and added that "the currency will be 50 thousand dinars being printed by the end of this year", adding that "100 A class may be issued in another time and asked to delay it to avoid any inflation in the Iraqi market."

    It is noteworthy that the Iraqi currency has been replaced after the end of 2003 that laid out a plan for the withdrawal of the previous currency from the market and replace it with new.

    http://almasalah.com/ar

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    Re: The Dinar Daily, Sunday June 21, 2015

    War calls for the development of image the city of Ur of the new currency and the first law enacted by Parliament on human



    21.6.2015 1:59 p.m.

    [Baghdad-where]
    the legal expert Tareq Harb called on the Iraqi Central Bank to put a picture Ziggurat of Ur in the new currency to be issued soon of the 50 categories of 1100 thousand dinars.

    He said the war in a statement received by the agency all of Iraq [where] a copy of it, that "reports by some media of the central bank approval to put a picture [Kut Barrage] in the new currency leads us to call the central bank to put a picture Ziggurat of Ur city moon city of Ur timeless as it represents civilization Sumerian city of Ur, or the adoption of the first gods Female've ever seen a picture which is Inanna, goddess of the city of Ur. "

    He added that "the adoption of the city of Ur as represented by the slogan for this currency in the new currency which the Bank will be printed as outweigh the adoption of all the images and shapes now contained in the Iraqi currency and much more than the adoption of Kut Barrage or any other world or other personal. "

    He pointed out that "the city of Ur is a religious direction the oldest in the history of religions and civilizations, where the house of Abu prophets of Prophet Abraham and where the keenness of all Vatican Pope on pilgrimage to this city and not had is they did not reconcile their pilgrimage in Iraq because of the conditions but that the Pontiff Pope announced his desire to present the pilgrimage to Ur of this year issued a formal statement of the papal office not to mention that this desire for a pilgrimage to this city obsessed entices all believers all over the world and it can to imagine the extent of divine carried by Orr and Zkortha. "

    He pointed out that "writing and blogging have emerged for the first time on the face of the earth in this city where the cuneiform writing, which is the oldest and the first writing known to mankind agreement of all the archaeologists, history and before the ancient Egyptian writing appearance in Egypt more than five hundred years So they said that history starts from Sumer and meant the writing that appeared in Sumerian for the first time in this city. "

    He continued war "Ur I knew the first musical instrument comparable to modern musical instruments, a harp Sumerian and I knew the first queen in history a Queen Havad where preceded the queens of the Pharaohs several centuries, as this city is known first written law and written back in history a Oornmo law who was born more than six thousand years and already Pharaonic, Indian, Greek, Romanian, Farsi laws hundreds of years do not even he already Code of Hammurabi more than a thousand years. "

    He argued, "I have seen This city's first parliament and the first court appearance and the first celebration of the first Temple and the first ziggurat in history and has been the language of this city and its culture, a language and culture Sumerian sovereignty in the Covenant Akkadian Babylonian Covenant which appeared in Iraq after the end of the era of the city of Ur, where the Sumerian culture that lasted for hundreds of years after the demise of the city of Ur and the culture and the language of a culture and the language of this city, which was dominant in the subsequent covenants for the extinction of the city deserve Alozky position and deserved place supreme a new Iraqi currency. "

    He pointed out war "But if we take the view adopted by the US Secretary of the Treasury to put image of a woman in the new US currency from dollars ten category the [Inanna] first female gods Moon Goddess city of Ur can be placed in the new Iraqi currency, and this proposal in addition to other labels from the ancient Iraqi civilization Kalmlkh Havad and Ishtar and other ".anthy

    http://www.alliraqnews.com
    Last edited by Loopback; 06-21-2015 at 01:19 PM.

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    Re: The Dinar Daily, Sunday June 21, 2015

    Central bank sales decline in the currency auction today



    الأحد 21 يونيو 2015 | 11:39 صباحا

    BAGHDAD / .... central bank sales of the dollar at an auction sale and purchase of foreign currencies on Sunday fell to 210.212 million dollars after it was yesterday, 257 million and 651 000 dollars.

    He said the bank in a statement reported for "Eye Iraq News", "The sale amounts transferred to the accounts of banks price abroad amounted to (1187) dinars per dollar, including the commission of the Central Bank of $ (21) dinars per dollar, while the total cash sales price (1190) dinars per dollar, including the Bank commission of $ (24) dinars per dollar. "

    The Iraqi central bank held an auction of six sessions a week except Friday, for buying and selling currencies Alajunbah.anthy 1

    http://aynaliraqnews.com

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    Re: The Dinar Daily, Sunday June 21, 2015

    Oil Minister confirms that Iraq sought to put government treasury bonds in international markets



    الأحد 21 يونيو 2015 | 08:26 صباحا

    Baghdad /...cd Oil Minister Adel Abdul-Mahdi, Sunday, that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. And seek the rating BB or more in credit rating.

    Said Abdul-Mahdi, in a statement received "eye Iraq News" that "in the past week took place in Istanbul intensive meetings with two of the three for" credit rating "Fitch" and "Moody's global institutions have not third contribute to an" S & P ", which reduced the rating credit of the United States in 2011 from the degree of AAA to the degree + AA and three of the top international banks and is "Citibank" and "JP Morgan" and "Deutsche Bank", all of that on the one hand .. and the Iraqi ministers of finance, planning and oil and Governor of the Central Bank and Deputy National Security Adviser, as well as senior advisers and experts, lawyers for the parties involved. The aim evaluating the credit situation of Iraq, which is the "Unclassified" NR, Not publicly rated , and this even lower than the lowest grades D The highest grades are AAA , the more the "Category "ahead whenever facilitated transactions rose admissibility and decreased interest rates, and vice versa, especially that Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. Egypt, for example classified BB , and Iraq has been trying to get this rating or more. "

    He added that "Iraq missed for a long time for global markets, and led the wars and internal situation conflicting long to the collapse of the financial and economic reputation, especially after the accumulated debt and devastated the economic structure, and become a country totally dependent on oil .. Therefore, the meetings were the necessity to seek the restoration of the situation ".

    He added that "There is no doubt that the most serious threat any country is drowning in debt .. But what is more dangerous than that to get the country economic infertility and stop the development process, and begin to produce increasing rates of poverty, ignorance, underdevelopment and unemployment. Although the development of the mobilization process and starting internships, But this process will remain Off and truncated without markets and relationships and global transactions .. and the world today -_khasossa in the financial buildings and-economic is a world structured, ie it controls the phenomenon and subtle, the senior interests and states play Adora essential. The decisions in these forums, in spite of all that is in them from figures, information and professional, but also the interests of the decisions and wrong impressions and not necessarily an objective and fair decisions. "

    He concluded by saying, "In any case, does not reflect the religion itself for malfunction as long as invested in the areas of development, investment and infrastructure or social services that develop the population and human resources, and as long as there is a check on the payment. The United States is one of the greatest economies, is also the largest debtor country in the the world .. They and other major countries, the city of all, occupies the highest rates of "Category" global. So it was to give the International Monetary Iraq in 2004 "loan crisis" fund, evidence of Iraq efficiency in the payment of its debts, infers the states and institutions in dealing with the Iraq, which was a key step in the "Paris Club" negotiations to get the greatest reduction obtained by the average-income country such as Iraq, ie 80-90% of the total 120-130 billion debt. Therefore boast top international companies as loans got high, as evidence banks the confidence and ability to pay and invest the money in an increasingly ".anthy 7 areas

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    Re: The Dinar Daily, Sunday June 21, 2015

    Fatlawi: Manscher about me in the documents WikiLeaks leaked fabricated reflects expose themselves to Anbtahieddin



    الأحد 21 يونيو 2015 | 01:42 مساء

    BAGHDAD / ... described the head of the will of the MP Hanan al Movement, Sunday, Manscher them in documents leaked WikiLeaks documents as fabricated reflect Anbtahieddin to expose themselves.

    It claimed in a statement received "eye Iraq News", that "the movement is the will of all Iraqis and will not lend itself to beg for support of Saud or others as some have done."

    Fatlawi added that "the document, which some of the Nile, which represents the will of the movement does not exist and fabricated her trying on the site at all," indicating that "This is his goal to cover up the scandals in some quarters."

    And it deliberated social networking sites on Saturday, and a leaked document from Wikileaks indicates that the head will of MP Hanan al Movement asked for support from Saudi Arabia to finance Hrkiha.anthy 1

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