The Dinar Daily, Monday June 22, 2015
Page 1 of 20 12311 ... LastLast
Results 1 to 10 of 197

Thread: The Dinar Daily, Monday June 22, 2015


    
  1. #1

    The Dinar Daily, Monday June 22, 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 1317.463 1316.805
    British pound GBP 1847.294 1846.370
    Canadian dollar CAD 949.589 949.114
    Swiss franc CHF 1262.725 1262.093
    Swedish krona SEK -------- --------
    Norwegian krone NOK 149.279 149.204
    Danish krone DKK 176.578 176.490
    Japanese yen JPY 9.482 9.477
    Special
    Drawing Rights
    SDR 1646.509 1645.685

    Indicative rates - (as of) 22.06.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2978- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 23/06/2015 results were as follows: The port day of 22/6/2015

    DETAILS NOTES
    Number of banks 23
    Number of remittance companies 4
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 282,203,134
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 282,203,134
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-23-2015 at 11:10 AM.



  2. #2

    Re: The Dinar Daily, Monday June 22, 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, Monday June 22, 2015

    It eliminates the judiciary decision "procedural" to the House of Representatives



    Long-Presse / Baghdad Judiciary announced on Monday, the Federal Supreme Court decided to cancel a procedural resolution to the presidency of the Council of Representatives on the objection period on the membership of Parliament, while confirming that the period of objection to the membership of the members of the House of Representatives open and non-specific time ceiling and extends over the parliamentary session.

    A spokesman for the federal judiciary Abdul Sattar Bayrakdar in a statement received (range Press), a copy of "The Federal Supreme Court has considered cases (8) candidates for the decision to cancel the Presidency of the Council of Representatives to reject the judge objected to the membership of other legislators health."

    Bayraktar said that "the House of Representatives decided to reject requests objectors candidates to membership of some of its members in 30 of last April's health, arguing that such requests made after 30 days of repeating Alternative deputy section."

    Bayraktar said that "the court after scrutiny and deliberation overturned this decision," adding, "they found that thirty days is bound to the presidency of the House of Representatives in the display object to the Council of Representatives for the purpose of deciding which two-thirds majority in accordance with Article 52 of the Constitution."

    Bayraktar said that "the Federal Court held that the objector has the right to submit his objection even if the last day of the parliamentary session in the event of a defect in the membership of a House health".

    The judiciary announced on June 16, 2014, for the ratification of the results of the elections that took place on the 30th of April 2014, and confirmed that it deferred consideration of four candidates until the resolution of cases filed against them, as he was the most prominent names of those former governor of Diyala age Humair

    http://www.almadapress.com/ar/news/50524/%D8%A7%D9%84%D9%82%D8%B6%D8%A7%D8%A1-%D9%8A%D9%84%D8%BA%D9%8A-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A6%D9%8A%D8%A7-%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86

  4. #4

    Re: The Dinar Daily, Monday June 22, 2015

    Citizens and officials Krblaiaon: the deterioration of the reality of electricity and is intended to solve the problem Abadi



    Long-Presse / Karbala Counting citizens and officials Krblaiaon, Monday, failure to provide maintain its share of electrical energy that is intended by the ministries of electricity, oil and held the central government responsible for the continuation of their suffering, and while accusing the Ministry of Electricity to deal with "double" with the province, demanding the prime minister Haider al-Abadi direct intervention work The Ministry of Electricity and find a quick solution to the problem of the deterioration of processing power.

    He said one of the citizens of the city of Karbala, Hussein Abdul Amir, in an interview with the (long-Presse), "The Hours provide us with electricity dropped significantly during the current month of Ramadan and became a running national trend rate of one hour for more than four hours cut," returned to "fall Energy and acts of sabotage and other excuses launched by the Ministry of Electricity that it has become unconvincing originally transmission towers. "

    He said Abdul Amir, that "the failure to provide its share of the electricity citizen is something intended by the Ministry of Electricity and the fact that the citizen refused Tsairtha proposed during the last term", blaming the presidency of the central government "responsible for the deterioration of the reality of electricity services and the continued suffering of the citizen."

    For his part, the citizen tributary Hasnawi, in an interview with the (long-Presse), said that "more than 12 years ago and all those responsible governments successive were firing promises to end the problem of electricity, but they all did not believe with the people," and wondered, Where "These officials, who were promised the export of electricity, the suffering of the citizens who still did not get the entitlement of electric power. "

    He Hasnawi, said that "the problem of electricity in Iraq has become an unusual problem and that binding to find a solution by the government, because we no longer afford to suffer," noting, that government officials and parliamentarians are busy with their jobs and Mtnaman our money has been lost even compassion toward people sons and we no longer believe any promises them ".

    For his part, the deputy governor of Karbala, Jassem al-Fatlawi, in an interview with the (long-Presse), that "the deterioration of the situation of electric power are processed for the province is repeated in every summer season, but this year intended by the ministries of oil and electricity," noting that "there are problems between Those two ministries, both aimed responsibility on the other with respect to the quantities and fuel power plants and amounts. "
    Fatlawi added, "These problems will not be solved unless integrated by the ministries of oil and electricity at the Ministry of one bear and one minister responsible for the government and the people."

    In turn, the Chairman of the Committee on Energy and Fuel in Karbala Provincial Council, satisfaction Silawi, in an interview with the (long-Presse), that "the amount of electrical energy supplied to Karbala in recent days did not exceed 300 megawatts and the province need twice that amount," noting, "The rate providing citizens with electricity yesterday arrived one hour to five hours versus interruption. "

    He Silawi, that "the Ministry of Electricity supply Nineveh province-powered 24-hour although they are not subject to the authority of the State with do not give the central and southern provinces their share of electricity does not care about the suffering of its citizens," and accused the Ministry of Electricity to "deal to duplication with the province of Karbala and not the minister's cooperation with Local Government and continued not to give the province maturity of electric power. "
    He called Silawi, Prime Minister Haider al-Abadi to "direct intervention work and the Ministry of Electricity and find a quick solution to the problem of the deterioration of the electric power to the processing of Karbala."

    Iraq has suffered a shortage of electricity since the beginning of the year 1990, and increased hours of rationing electricity after the year 2003, in Baghdad and the provinces, because made a lot of stations as well as sabotage attacks on its facilities over the past years, with increased hours of power cuts for citizens to about twenty hours per day,

    http://www.almadapress.com/ar/news/50510/%D9%85%D9%88%D8%A7%D8%B7%D9%86%D9%88%D9%86-%D9%88%D9%85%D8%B3%D8%A4%D9%88%D9%84%D9%88%D9%86-%D9%83%D8%B1%D8%A8%D9%84%D8%A7%D8%A6%D9%8A%D9%88%D 9%86-%D8%AA%D8%B1%D8%AF%D9%8A-%D9%88%D8%A7%D9%82

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

    Re: The Dinar Daily, Monday June 22, 2015

    The central bank opens a window at his residence in Baghdad to meet delegates and studying abroad requests



    Mon, June 22, 2015 13:55

    BAGHDAD / Baghdadi News / ... decided the Iraqi Central Bank, on Monday, opening a window at his headquarters in Baghdad to meet delegates and scholars abroad requests of the dollar.

    The bank said in a statement I followed / Baghdadi News /, that "the Central Bank has decided to open a window at his headquarters in Baghdad, to meet the delegates and scholars requests abroad in dollars."

    The statement added that "the dollar will be through this window at the official rate" .anthy 21 n

    http://www.albaghdadianews.com

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

    Re: The Dinar Daily, Monday June 22, 2015

    Border crossing points: 17 billion dinars land ports revenue during the first quarter of this year



    Mon, June 22, 2015 13:58

    BAGHDAD / Baghdadi News / .. announced general manager of the border crossing points Essam sweet, Monday, from reaching land border ports revenues about 17 billion dinars in the first quarter of this year.

    Sweet said in a press statement I followed / Baghdadi News / "The financial statistics recorded within the period since the first of January and last until late April, the attainment of financial revenues 17 billion dinars."

    "The revenue decreased slightly during the months that accompanied the events of Mosul, but returned and settled later," noting that "four wild outlets run by the Kurdistan region, have not been estimating revenue so far."

    And he pointed out that "the number of land ports which are managed by the Department of border crossing points are 15 outlets, while Iraq has ten outlets other naval and air."

    He pointed to "the existence of a new administrative and technical measures in order to facilitate the process of passing goods through land ports and to maximize state revenues, based on the directives of Prime Minister Haider al-Abadi, aimed at maximizing state revenues and not to continue relying on oil exports." It ended 21 / Q.

    http://www.albaghdadianews.com

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

    Re: The Dinar Daily, Monday June 22, 2015

    Federal Court: a period of objection to the membership of the members of the House of Representatives open



    Mon, June 22, 2015 12:32

    BAGHDAD / Baghdadi News / .. judiciary announced on Monday, for the abolition of the Federal Court's decision to procedural presidency of the Council of Representatives on the duration of objection to the membership of the parliament, and that the period of objection to the membership of the members of the House of Representatives open.

    A spokesman for the federal judiciary Abdul Sattar Bayrakdar in a statement received / Baghdadi News /, copy of "The Federal Supreme Court has considered cases (8) candidates to cancel the decision of the Presidency of the Council of Representatives rejecting the opposition to membership of other legislators health, on the impact of the House of Representatives rejected requests objectors candidates to membership of some of its members in 30 of last April's health, arguing that such requests made after 30 days of repeating Alternative deputy section. "
    Bayraktar said that "the Federal Court held that the objector has the right to submit his objection even if the last day of the parliamentary session in the event of a defect in the membership of a House health".

    He pointed out that "the court found that thirty days is bound to the presidency of the House of Representatives in the display object to the Council of Representatives for the purpose of deciding which two-thirds majority in accordance with Article 52 of the Constitution." End

    http://www.albaghdadianews.com

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

    Re: The Dinar Daily, Monday June 22, 2015

    Work: retrieval of two billion and 140 million dinars from the abusers of social protection network


    Minister of Labour and Social Affairs of the Iraqi journalist Batmr

    Monday 22-06-2015 | 1:57:44

    Twilight News / Minister of Labour and Social Affairs Mohammad Shia'a Sudan said Monday about retrieving two billion and 140 million dinars from the abusers of social protection network since the beginning of this year.

    Sudan said at a news conference held at the ministry today, attended by Twilight News, he said the ministry has already announced for the preparation of squatters on the social protection network, which amounted to 8851 employees and retirees have a recipe head of a family is added to them the rest of the family to become a total bypassing 16 thousand horseshoe.

    He said the ministry deterrent measures against abusers taken by turning the cash benefit them and recover the amounts they have received retroactively and that was cost the state 15 billion dinars annually.

    And between the Sudanese that the ministry conducted another audit process with general tax database revealed through 6744, taking advantage of the men and women who have held accountable tax (income tax), indicating that those assigned to the state eight billion dinars per year is equivalent to two billion dinars in each batch.

    He said that during the past four months and through the intersection of beneficiaries official data and the number of abusers who was revealed to them about 22 thousand horseshoe, pointing out that the amounts they were paid up to 23 billion dinars annually.

    The minister pointed out that the amounts recovered from squatters since the beginning of this year amounted to two billion, one hundred and forty million dinars, indicating that the audit process and retrieve continuous amounts will enter these amounts in the balance of social protection to include wider groups in society due slices.

    http://www.ara.shafaaq.com

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

    Re: The Dinar Daily, Monday June 22, 2015

    Iraq announces export more than 97 million barrels of crude oil in May



    Monday 22-06-2015 | 1:21:52

    Twilight News / announced that the Iraqi Oil Ministry on Monday for high quantities exported from accruing for the month of May crude oil rate to "unprecedented levels," according to the official statistical Aalnhaiah issued by the Iraqi Oil Marketing Company "Sumo".

    A spokesman for the Oil Ministry, Assem Jihad, said in a statement responded to Twilight News, that the total quantities exported and the revenues generated for the month of May recorded a remarkable increase as total exports (5.97) Ninety-seven million five hundred thousand barrels, and total revenues amounted to (5447) five billion, four hundred and seven and forty million dollars.

    Jihad said that the amount of exports from southern ports in Basra was (83.5) eighty-three million five hundred thousand barrels revenues amounted to (4,629) four billion, six hundred and twenty-nine million dollars, while the total volume of oil exported from the Kirkuk oil fields (14) Four Eleven Million Baardat barrel reached (818) eight hundred and eighteen million dollars.

    He noted that the average selling price (55.867) dollars per barrel, indicating that the above quantities have been downloaded by 32 international oil company carrying different nationalities from the ports of Basra and Khor al-Amaya and buoys unilateralism on the Arabian Gulf and the Turkish port of Ceyhan.

    Jihad pointed out that the ministry has made a special effort to increase its exports of crude oil as compensation for the disabled tanker loading days due to bad weather from the southern ports.

    http://www.ara.shafaaq.com

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

    Re: The Dinar Daily, Monday June 22, 2015

    Immigration issued more than 421 thousand smart card for displaced families to give them received financial



    Monday 22-06-2015 | 1:07:42

    Shafaq News / The Ministry of Displacement and Migration, on Monday, for the issuance of (421 628) A smart card for displaced people to receive financial grants allocated to them in cooperation with the Rafidain and Rasheed global company to issue a smart card.

    According to a statement of the ministry it responded to Twilight News, that these cards have been issued so that the displaced families received financial grants allocated in the general budget for 2015, which stipulates the distribution of financial grants to the displaced through the smart card exclusively law.

    The statement said that the card issuance process for the twenty-second up to the month of June of the current total (421 628) a smart card, indicating that the process continues until the card is issued to all displaced families across the country.

    The statement added that a more conservative version was the smart cards was the capital Baghdad, where were issued (86 202) card, followed by the province of Arbil b (69 237) card, and then the province of Kirkuk (48 110) card.

    http://www.ara.shafaaq.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
  •