The Dinar Daily, Sunday June 28, 2015
Page 1 of 16 12311 ... LastLast
Results 1 to 10 of 152

Thread: The Dinar Daily, Sunday June 28, 2015


    
  1. #1

    The Dinar Daily, Sunday June 28, 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 1306.620 1305.966
    British pound GBP 1831.903 1830.987
    Canadian dollar CAD 944.359 943.887
    Swiss franc CHF 1241.350 1240.729
    Swedish krona SEK 141.577 141.506
    Norwegian krone NOK 149.166 149.091
    Danish krone DKK 175.154 175.066
    Japanese yen JPY 9.413 9.408
    Special
    Drawing Rights
    SDR 1639.291 1638.471

    Indicative rates - (as of) 28.06.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2982- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 27/06/2015 results were as follows: (no change as of 28/06/2015)

    DETAILS NOTES
    Number of banks 22
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 278,879,938
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 278,879,938
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-29-2015 at 11:12 AM.



  2. #2

    Re: The Dinar Daily, Sunday June 28, 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, Sunday June 28, 2015

    Council Baghdad was looking to convert to hand 20 districts

    Baghdad Council receives 10% of its budget and allocated to pay dues Contractors


    Long-Presse / Baghdad


    Baghdad Provincial Council, announced on Sunday, the first receipt of the amount allocated to him for 2015, amounting to more than 680 billion dinars budget, and as he emphasized that the amount does not exceed 10% of the Council's budget, he noted that Sbarvh to repay advances Contractors.

    A member of the Baghdad Provincial Council, Mohammed al-Rubaie, said in an interview to the (long-Presse), "The Baghdad Provincial Council will receive on Monday the first amount of the 2015 budget of more than 680 billion dinars, and the amount," asserting that "the amount does not exceed 10% of The Council's budget. "

    He said al-Rubaie, said that "these funds will be spent to pay ancestor Contractors", pointing out that "The Council is very interested in this file to the large number of complaints from contractors and many of them suffered considerable material damage".

    The Baghdad Provincial Council stressed, in (6 March 2015), that the amount of the 2015 budget, which was reduced to half did not yet reach, and as pointed out that it will reflect negatively on the implementation of projects in the capital Baghdad, pointed out that the bulk of the allocations will be spent to complete achievement of high levels of important projects.

    The Iraqi Council of Representatives approved, on Thursday, (January 29, 2015), the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and with House Speaker Salim al-Jubouri confirmed it was the first time that the adoption of the budget is during the month the first of the year, and described as "achievement".

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.almadapress.com%2Far%2Fnews%2F2 4857%2F%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25 D9%2583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583 %25D8%25B2%25D9%258A-%25D9%258A%25D9%2582%25D8%25B1%25D8%25B1--%25D8%25B3%25D9%2583-%25D8%25B3%25D8%25A8%25D8%25A7%25D8%25A6%25D9%2583-%25D8%25B0%25D9%2587%25D8%25A8%25D9%258A%25D8%25A9-&edit-text=

  4. #4

    Re: The Dinar Daily, Sunday June 28, 2015

    Islamic Union criticizes the presidency of the Kurdistan Parliament and calls to deal cautiously with the current situation

    Long-Presse / Sulaymaniyah


    Criticized the Kurdistan Islamic Union, on Sunday, the presidency of the Kurdistan Regional Parliament on its performance for the June 23 hearing has started, during which the first reading of the draft law amending the Law of the Presidency of the Kurdistan region, as he emphasized that in ample time to take responsibility and national consensus.

    A spokesman Hiwa Mirza Saber Union in a statement received by, the (long-Presse), a copy of it, that "that took place during the past few days should not turn into a source of discrimination and demolish what has been built to this stage," he said. "There are a number of observations and criticisms of what I did Presidency of the Kurdistan Parliament in 06.23.2014 to conduct the first reading of the draft laws put forward, especially draft law amending the Law of the presidency of the Kurdistan region. "

    He called Saber, "the five main parties (the Kurdistan Democratic Party and the Patriotic Union of change and the Islamic Group and Islamic Union) dealing with caution in order not to solve the current situation of collapse," adding that "there is plenty of time and there is a chance for everyone to come to agree on the best options and resolution in the parliament with After ".

    Saber and continued that "the current stage requires that the media deal with caution and responsibility and be in the national unity and stability and resolving service problems that hinder resolved through dialogue and negotiation, not inflation differences and trade accusations."

    He said Saber said, "There are many other problems that must be observed," and expressed hope that "everyone reach for better solutions and pay attention to the risk of (Daash) and the effects and implications of what he is doing every day, as well as the problem of salaries and the budget, unemployment, poverty and differences with Baghdad and dozens of other problems facing the region or that await him. "

    The head of the Kurdistan region, Massoud Barzani, issued Saturday (June 13, 2015), a decree regionally to conduct a general election to choose a president of the Kurdistan region in the 20th of the month of August, with all concerned students to "take the necessary measures all for the management of the electoral process is democratic and free."

    As in the Kurdistan region of the Supreme Commission for Elections Council decided not to conduct elections presidency of the region in the 20th of next August, he attributed the reason to the lack of sufficient budget as well as time.

    The Iraqi Kurdistan Parliament held, on Tuesday (23/06/2015), its regular presence of representatives and heads of missions of three countries are all from the United States, Iran and Egypt, while the meeting witnessed ask first reading a draft law that would turn the presidential system in the region to parliamentarian.

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.almadapress.com%2Far%2Fnews%2F2 4857%2F%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25 D9%2583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583 %25D8%25B2%25D9%258A-%25D9%258A%25D9%2582%25D8%25B1%25D8%25B1--%25D8%25B3%25D9%2583-%25D8%25B3%25D8%25A8%25D8%25A7%25D8%25A6%25D9%2583-%25D8%25B0%25D9%2587%25D8%25A8%25D9%258A%25D8%25A9-&edit-text=

  5. #5

    Re: The Dinar Daily, Sunday June 28, 2015

    Maysan Oil announces the completion of drilling of three new wells in the Halfaya field

    Long-Presse / Maysan


    Announced Maysan Oil Company, on Sunday, the completion of drilling three wells in the oil Halfaya field within the development processes of the field southeast of the province, (320 km southeast of Baghdad), and as pointed out that the number of wells drilled in Halfaya field since direct Petrojayna company reached 127 wells, confirmed that the company was waiting to production up to two million limit in the coming years.

    The director of the oil company Missan Adnan Nochi in a statement received (range Press), a copy of it, that "the three wells was accomplished drilled by two Chinese companies two female workers in the development of Halfaya oil field," adding, that "the three wells are (Hlvaip 179, and Hlvaip 74, and Hlvaip 9) and wait for the completion operations before connecting system of production. "

    He added Nochi, that "the total number of wells drilled in Halfaya field since direct Petrojayna company operations under development held in licensing rounds arrived in 127 wells," stressing that "the company is waiting to output up to two million limit in the coming years."

    The Maysan Oil Company announced that, on Wednesday (the fourth of March 2015), about the end of the reclamation wells two oil operations in the Halfaya field third programmatically and complete after excavated by two Chinese companies operating in the Halfaya field, southeast of the province, (320 km southeast of Baghdad), indicating that the number of wells that have been completed in the field so far reached 101 as well as 22 other reclamation.

    And announced the Maysan Oil Company, in, (the 15th of January 2015), all ready Petrojayna Chinese company to carry out the third and final phase of the development of the Halfaya field, while showing production reached 200 thousand barrels per day of crude oil after the completion of the first and second phases, confirmed it seeks to raise production to 400 thousand barrels after the completion of the third phase.

    The Halfaya oil field in Maysan, based in the city of Amarah more productive field in the province, with a reserve rate is extracted from the oil fields to maintain 16 billion barrels, as well as large quantities of gas.

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.almadapress.com%2Far%2Fnews%2F2 4857%2F%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25 D9%2583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583 %25D8%25B2%25D9%258A-%25D9%258A%25D9%2582%25D8%25B1%25D8%25B1--%25D8%25B3%25D9%2583-%25D8%25B3%25D8%25A8%25D8%25A7%25D8%25A6%25D9%2583-%25D8%25B0%25D9%2587%25D8%25A8%25D9%258A%25D8%25A9-&edit-text=

  6. #6

    Re: The Dinar Daily, Sunday June 28, 2015

    The Central Bank sold more than $ 268 million in foreign currency auction



    Tomorrow/Baghdad: the Iraqi Central Bank, sold Sunday at an auction of foreign currency of more than $ 268 million for "24" private banks and six companies to transfer the price 1166 dinars per dollar.

    The Central Bank said on its website on the Internet and I followed the "tomorrow", that "the opening of the window shows the buying and selling of foreign currency the day the nine hundred and eighty-three millennia after the Central Bank of Iraq the day Sunday, 28-6-2015".

    He added that "the results of the auction currency where the Bank sold 268071917 the price 1166", stating that "the number of participating banks in the currency auction of 24 banks and six companies for money transfer".

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falghadpress.com%2Far%2Fnews%2F32922 %2F%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2 583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583 %25D8%25B2%25D9%258A-%25D9%258A%25D8%25A8%25D9%258A%25D8%25B9-%25D8%25A3%25D9%2583%25D8%25AB%25D8%25B1-%25D9%2585%25D9%2586-268-%25D9%2585%25D9%2584%25D9%258A%25D9%2588

  7. #7

    Re: The Dinar Daily, Sunday June 28, 2015

    Iraqi stock exchange closed low on indicators



    Tomorrow/Baghdad: Iraq market closed for stock trades on Sunday to drop by 21 points.

    The circulation market of 39 stocks of 98 companies listed on the market, after stopping four companies for non-compliance with instructions and accessories.

    The number of shares traded reached 3042748662 shares worth 2422319092 dinars.

    ISX index closed 60-day session on "1012.29" point investigators drop "" 0.05% "when closed at the previous" 1012.77 "point.

    The purchased shares amounted to non-Iraqi investors "40" million shares with a value of "151" MTD through implementation of "50" on the "8".

    Shares sold amounted to non-Iraqi investors "37" million shares with a value of "84" MTD through implementation "29" deal on the "8".

    http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Falghadpress.com%2Far%2Fnews%2F32921 %2F%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D8%BA%D9%84%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D9%81%D9%8A

  8. #8

    Re: The Dinar Daily, Sunday June 28, 2015

    Almamori calls to put the finishing touches to the investment law

    (Independent) .. called for economic and investment commission member of the parliamentary proof Almamori the economic and investment commission in Parliament to hold an expanded meeting for the purpose of finalizing the investment law for adoption in the next legislative term, was held the meeting in the presence of Chairman and members of the Committee and advanced cadres who Charcot of the Amman conference which was held for this purpose.

    He Almamori that attendees discussed the most important matters concerning the work of the national investment, particularly investment and its amendments as well as the counting of the recommendations and paragraphs by which serve the law multiple of the country's resources with the removal of some obstacles in front of investors and overcome the common investment mode.

    He stressed the importance of a law that protects the resources and revenues that enter the country and protect investors, noting that this law leads to push forward economic and social development process and after Ttoreha infrastructure deterioration of the reality of Iraq and the absence of legislation that supports such a directive.

    As well as bring scientific and technical expertise and human resources development because Iraq is cut off from the world because of wrong economic policies and wars, economic blockade imposed on the Iraqi people, which requires reconsideration of the economic laws and legislation re Iraq to ride the global development which will encourage investors and income investment and revive the Iraqi economy and by It stipulated by the Iraqi constitution.

    (For proof Almamori Deputy Information Office)

    Entry Almamori calls to put the finishing touches to the investment law first appeared on the independent press - Iraq News .

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.kululiraq.com%2F%3Fcat%3D8&edit-text=

  9. #9

    Re: The Dinar Daily, Sunday June 28, 2015

    Foreign Exchange Rates in the Kurdistan region for the day 06/28/2015

    All of Iraq - Follow-up

    US dollar exchange rate stood at 100 125 750 Iraqi dinars

    100 euro exchange rate amounted to 141 000 dinars

    100 pounds exchange rate stood at 197 000 dinars

    Exchange 100 000 Wish rate stood at 38 500 dinars

    Exchange 100 Turkish Liras price of 49 000 dinars

    He added that the dollar exchange rate and other foreign currencies was as follows:

    100 euros for $ 111 and 50 cents

    100 pounds for $ 157

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.kululiraq.com%2F%3Fcat%3D8&edit-text=

  10. #10

    Re: The Dinar Daily, Sunday June 28, 2015

    Economic parliamentary: Adoption of the investment law will provide protection to investors



    Information / special / ..Parliamentary Economic Commission confirmed, Sunday, that the adoption of the investment law will provide protection for investors as well as the protection of resources and revenues that enter the country, noting that today the country needs to attract scientific and technical expertise and human resources development.
    The committee member said Burhan al-Mamouri told / information /, that "today the country needs to attract scientific and technical expertise and human resources development, being cut off from the world because of wrong economic policies and wars, economic blockade imposed on the Iraqi people."

    He added that "this issue requires a revision of the economic laws, and working to pass legislation to restore Iraq rode the global development and encourage the entry of investors to revive the economy, as stipulated by the constitution."
    He stressed that "passing a law Alastosmarkhalal the next legislative term will provide sufficient investors protection as well as its importance to the protection of resources and revenues that enter the country," noting that "this law will lead to the payment of social and economic development process and Ttoreha after the infrastructure of the Iraqi reality of deterioration and the absence of legislation that supports this trend ".anthy / 25

    https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.almaalomah.com%2Fnews%2F3914%2F %25D9%2586%25D8%25A7%25D8%25A6%25D8%25A8%2520%25D8 %25B9%25D9%2586%2520%25D8%25A7%25D9%2584%25D8%25A7 %25D8%25AD%25D8%25B1%25D8%25A7%25D8%25B1%3A%2520%2 5D8%25A7%25D9%2584%25D8%25A8%25D8%25B1%25D9%2584%2 5D9%2585%25D8%25A7%25D9%2586%2520%25D9%2584%25D9%2 58A%25D8%25B3%2520%25D8%25A8%25D8%25AD%25D8%25A7%2 5D8%25AC%25D8%25A9&edit-text=

Posting Permissions

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