The Dinar Daily, Tuesday June 23, 2015
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  1. #1

    The Dinar Daily, Tuesday June 23, 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 1322.827 1322.166
    British pound GBP 1844.379 1843.457
    Canadian dollar CAD 948.893 948.419
    Swiss franc CHF 1266.428 1265.795
    Swedish krona SEK 143.748 143.676
    Norwegian krone NOK 151.319 151.243
    Danish krone DKK 177.287 177.199
    Japanese yen JPY 9.474 9.470
    Special
    Drawing Rights
    SDR 1648.234 1647.410

    Indicative rates - (as of) 23.06.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2979- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 24/06/2015 results were as follows: The port day of 23/6/2015

    DETAILS NOTES
    Number of banks 19
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 258,621,437
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 258,621,437
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-24-2015 at 11:09 AM.



  2. #2

    Re: The Dinar Daily, Tuesday June 23, 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

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Parliament resumes its sessions on the first of July



    Author: AHF, HH, MK
    Editor: AHF, HH

    23.06.2015 12:23

    Long-Presse / Baghdad
    The President of the House of Representatives Saleem al-Jubouri, on Tuesday, the resumption of Parliament sessions on the first of next July, and among the Council will discuss the important laws, including the National Guard and the Federal Court, political parties, pointing out that the displaced file will be a priority for the work of the government and parliament in the next term.

    The head of the House of Representatives Saleem al-Jubouri in a press conference held in the parliament building and attended by the (long-Presse), "announce the beginning of the third legislative term of the legislative year, the first on the first of next July, and invite the members of the House of Representatives to follow up their work where will include the next term a number of important legislation , in what would be the priorities of the displaced file of the House of Representatives and the government. "

    He said the President of the Parliament "I call on parliamentary committees to the completion of the formulations in the task of legislation opportunity I have not had for approval in the legislative term former where multiple views between the political parties was not given us the opportunity to legislation, including the National Guard and the Federal Court Act and the arrival of the amnesty law and the law of accountability and justice and the prohibition party Baath and the law on political parties. "

    Jubouri and that "there are other legislation no less important to be submitted the relevant committees as law work and official holidays and the law of Media and Communications some laws lasted seven years, and now has reached the stage of voting and prevented without the approval of relevant materials," calling on the parliamentary blocs and the competent committees to "the study of such legislation in order to the House of Representatives to take the last position and approval or refund to the government. "

    Chairman of the House of Representatives said that "during the last term was completed investigative committees, including a commission of inquiry Mosul, while the presidency visited a number of European countries and the United States to discuss the situation in Iraq and talk about the problematic of displaced persons and humanitarian support to them and the importance of research with the international community to arm the Iraqis."

    The head of the House of Representatives Saleem al-Jubouri announced in the May 30, 2015, the second legislative term of the first legislative year ends to hold another session of parliament at the time.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Central Bank launches amounts of medium and small loans early July



    Author: ASJ, HA, HH
    Editor: HA, HH

    6.23.2015 twelve forty-three

    Long-Presse / Baghdad
    Iraqi Central Bank announced on Tuesday the launch of loan amounts medium and small enterprises by the Iraqi private banks early next month of July, and pointed out that the loan amounts will reach up to 50 million dinars, as he emphasized that banks benefit will not exceed 5.5%.

    The governor of the Central Bank on the Keywords in an interview to the (long-Presse), "The central bank's decision to allocate trillion dinars to the private banks and directed to establish medium and small projects will begin early next month (July)," noting that the goal of these projects is to achieve economic development and social and support small and medium-sized economic projects and run with outstanding skills the workforce. "

    Keywords and added that "the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism)," pointing out that "all Iraqi private banks covered by this decision for those who wish to work out."

    Keywords and pointed out that "banks will lend to citizens who wish to obtain a loan for the project and when given him the that the bank introduced the monthly lists of the amounts lent to allow the central bank by providing those amounts according to the benefits is subject to it by the parties mechanisms (central bank and private banks)."

    Keywords and stressed that "citizens can in any province in Iraq borrow sums amounting to 50 million dinars and that recovery on a three-year period not exceeding, but for the benefit of, the bank decided that the interest rate borne by the borrower on the 5.5% rate of not more than."
    For his part, President of the Association of private banks and depositary Handal said in an interview to the (long-Presse), said that "those loans constitute a great service to the country's economy being will absorb a large part of unemployment as well as they would move local Iraqi productive sectors not to mention the support of the Iraqi market."

    Handal said that "the Bank's initiative will enhance confidence between the citizen and the private banks and make bridges of confidence there is a long and a work in progress among the branches of the banks and their clients from the citizens."

    The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, pointed out the development of measures to to address the lack of liquidity in some banks.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Barzani party demands to postpone the Kurdistan parliament session and rejects his presidency



    Author: AL, HA, HH
    Editor: HA, HH

    6.23.2015 twelve fifty-six

    Long-Presse / Erbil
    He demanded the Kurdistan Democratic Party faction in the Parliament of the region, on Tuesday, to postpone the parliamentary session today, and with the Speaker of Parliament Mohammed Yusuf Curran denied the request, stressed the lack of "will" influence in parliament.

    The media quoted a Kurdish news seen by the (long-Presse), "The Kurdistan Democratic Party bloc demanded the postponement of the parliamentary session, which was held today," indicating that "the President of the Kurdistan Parliament Council Yusuf Mohamed Curran has postponed the hearing."

    According to Curran he stressed that means the "lack of will can influence the will of Parliament."

    For his part, in an interview to a parliamentary source said (range Press), "The number of those present at today's meeting 57 members out of 101."

    The source, who asked not to be named, said: "Communist and Turkmen and Christian and Social Democrats blocks did not participate in the meeting."

    The Kurdistan region of Iraq's parliament, was held on Tuesday, its regular presence of heads of missions and representatives of the three countries, while the meeting will put forward a draft law that would turn the presidential system in the province to parliamentary.
    The draft law amending the presidency of the Kurdistan region of Law No. (1) for the year 2005, so far has been amended three times in the years 2006 and 2009 and 2013.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    The coalition of the wise: the amnesty law will pass in Parliament on condition that the inclusion of terrorists



    Author: HH
    Editor: AB, HH

    06/23/2015 10:46

    Long-Presse / Baghdad
    , Vice confirmed for the Supreme Council for the Islamic headed by Ammar al-Hakim citizen bloc, on Tuesday that the amnesty law will be passed in the House of Representatives on condition that the inclusion of "terrorists", as refused exception "Some criminals" to the buyout of the amnesty law, called for respect for court rulings issued the right of "criminals".

    Said Mona Ghorabi in a statement received (range Press), a copy of which, "The Council of Ministers submitted a draft amnesty bill to the House of Representatives for the purpose of voting on it and passed," asserting that "the general amnesty law will pass on condition of inclusion of terrorists with blood on their hands with the blood of innocent Iraqis." .

    Ghorabi rejected, "an exception some criminals and bringing them to the general amnesty law", calling for "respect for the provisions of the Iraqi judiciary on these terrorists and criminals".

    The head of the House of Representatives confirmed Saleem al-Jubouri, on Monday, (June 22, 2015), the need to work to speed up the return of displaced persons to the liberated areas and reconstruction, while calling the Prime Minister Haider al-Abadi important laws to legislation such as the General Amnesty and National Guard.

    The citizen bloc of the Islamic Supreme Council headed by Ammar al-Hakim warned, in (June 17, 2015), from the inclusion of "terrorism" cases of the general amnesty passed by the Council of Ministers, on the law, and referred it to the parliament, while threatened to disrupt the display for the first reading in the parliament, called for the speedy the implementation of death sentences imposed on those convicted.

    The leader of the coalition forces Dhafer al-Ani reduced, in (June 17, 2015), the importance of a general amnesty law passed by the Council of Ministers, yesterday, and sent it to parliament for a vote, as he emphasized that the law does not include re-trial detainees on charges of "terrorist" under the confidential informant .

    The Council of Ministers approved, in (June 16, 2015), the general amnesty law and referred it to the parliament for a vote.
    The general amnesty law of the most important political program which was agreed upon between the political blocs to form a government in September last items.

    The Iraqi Council of Representatives passed in 2008, the year an amnesty law under which released thousands of detainees at the time, but he met a wide objections by some political parties being contributed to the release of some of the leaders of al Qaeda in a timely manner.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Jubouri: the amnesty law would not include convicted of terrorism and court judgments issued against them



    Author: HH, MK
    Editor: HH

    06/23/2015 twelve twelve

    Long-Presse / Baghdad
    The head of the House of Representatives Saleem al-Jubouri, said on Tuesday that the amnesty law is linked to the right of those sentenced to judicial rulings will not include those convicted of terrorism, and pointed out that the goal of achieving justice for languishing in prisons for long periods without resolution of their cases and investigate them, with the exception of approval "duty "Being on the political blocs of the terms of the political agreement.

    Jubouri said in a news conference at the parliament building attended (range Press), "The general amnesty law is linked to those who issued against him judicial rulings, and there is no intention to pardon those who had red-and proved it terrorism", stressing that "the aim of the law and the agreement of everyone is to achieve justice languishing in prison for very long periods of time without the investigation and resolution of their cases. "

    Promised al-Jubouri, the adoption of the amnesty law, "the duty of the political blocs being one of the items that were agreed upon within the political agreement which formalized the government," and expressed hope that "the House of Representatives be able to achieve justice after long debate that are going through the adoption of the law."

    The Deputy for the mass of the Supreme Council of the Islamic headed by Ammar al-Hakim, the citizen, on Tuesday confirmed that the amnesty law will be passed in the House of Representatives on condition that the inclusion of "terrorists", as refused exception "Some criminals" to the buyout of the amnesty law, called for respect for the judiciary issued against the "criminals".

    The head of the House of Representatives confirmed Saleem al-Jubouri, on Monday, (June 22, 2015), the need to work to speed up the return of displaced persons to the liberated areas and reconstruction, while calling the Prime Minister Haider al-Abadi important laws to legislation such as the General Amnesty and National Guard.

    The citizen bloc of the Islamic Supreme Council headed by Ammar al-Hakim warned, in (June 17, 2015), from the inclusion of "terrorism" cases of the general amnesty passed by the Council of Ministers, on the law, and referred it to the parliament, while threatened to disrupt the display for the first reading in the parliament, called for the speedy the implementation of death sentences imposed on those convicted.

    The leader of the coalition forces Dhafer al-Ani reduced, in (June 17, 2015), the importance of a general amnesty law passed by the Council of Ministers, yesterday, and sent it to parliament for a vote, as he emphasized that the law does not include re-trial detainees on charges of "terrorist" under the confidential informant .

    The Council of Ministers approved, in (June 16, 2015), the general amnesty law and referred it to the parliament for a vote.

    The general amnesty law of the most important political program which was agreed upon between the political blocs to form a government in September last items.

    The Iraqi Council of Representatives passed in 2008, the year an amnesty law under which released thousands of detainees at the time, but he met a wide objections by some political parties being contributed to the release of some of the leaders of al Qaeda in a timely manner.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Cabinet approves Iraq's accession to the Asian Investment Bank



    Author: ASJ, BS, HA
    Editor: BS, HA

    6.23.2015 eleven ten

    Long-Presse / Baghdad
    Iraqi National Business Council revealed on Tuesday for approval of the Cabinet on the proposal of Iraq's accession to the Asian Investment Bank, while pointing out that the Prime Minister Haider al-Abadi face of the concerned authorities to monitor this issue.

    The head of the Council David Abdul Zaire in an interview to the (long-Presse), "The Council has already lifted a proposal to the Iraqi Council of Ministers asking them to need for Iraq to join the Asian Investment Bank to bear the financial and economic benefits will return to Iraq in the event of joining."

    Zaire and added that "the Prime Minister Haider al-Abadi agreed to the project and the authorities concerned to follow-up and communication and the creation of mechanisms and programs through which the possible joining of Iraq."

    The Iraqi Council of National Business feet (12 May 2015), the Council of Ministers of Iraq's accession to the "Asian Investment Bank," while the expected accession of Iraq to the bank to provide the quality of services and investment opportunities.

    http://www.almadapress.com/ar

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    Re: The Dinar Daily, Tuesday June 23, 2015

    House of Representatives re-convene meetings of the new legislative season in the second of next month



    Tuesday, June 23, 2015 11:41

    BAGHDAD / Baghdadi News / ... parliamentary source revealed on Tuesday that the House of Representatives resumes its sessions of the new legislative term on the second of next month.

    A parliamentary source said to the reporter / Baghdadi News /, "The parliament will resume its sessions of the third legislative term, on Thursday, the next of which marks the second month of July, after the legislative recess legally Council end on Wednesday of the same week."

    He added that "the new legislative term will be the adoption of a number of important laws such as laws of the National Guard, the parties, the Federal Court, the general amnesty, and other laws."

    He indicated that the Legislative Chapter II of the House of Representatives saw the adoption of a number of important laws and read Akhary.anthy 21 m / n

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    Re: The Dinar Daily, Tuesday June 23, 2015

    Business Council: The Council of Ministers approved the accession of Iraq to the Asian Bank for Investment



    Tuesday, June 23, 2015 11:43

    BAGHDAD / Baghdadi News / .. The president of the Iraqi National Business Council David Abdul Zayer, Tuesday, for the approval of the Council of Ministers on a proposal on Iraq's accession to the Asian Investment Bank.

    Zayer said in a press statement I followed / Baghdadi News / "The Council has already lifted a proposal to the Iraqi Council of Ministers, calling him the need for Iraq to join the Asian Investment Bank, to carry the financial and economic benefits will return to Iraq in the event of accession."

    He added that "al-Abadi agreed to the project and the authorities concerned to follow-up and communication and the creation of mechanisms and programs through which the possible joining of Iraq." Anthty 21 / Q.

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