The Dinar Daily, Thursday July 2, 2015
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  1. #1

    The Dinar Daily, Thursday July 2, 2015


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1294.260 1293.613
    British pound GBP 1825.839 1824.926
    Canadian dollar CAD -------- --------
    Swiss franc CHF 1237.661 1237.042
    Swedish krona SEK 140.436 140.366
    Norwegian krone NOK 148.026 147.952
    Danish krone DKK 173.476 173.389
    Japanese yen JPY 9.507 9.502
    Drawing Rights
    SDR 1634.919 1634.101

    Indicative rates - (as of) 02.07.2015

    Currency Auctions

    Announcement No. (2986- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 01/07/2015 results were as follows: (no change as of 02/07/2015)

    Number of banks 25
    Number of remittance companies 7
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 246,413,346
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 246,413,346
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-03-2015 at 10:19 AM.

  2. #2

    Re: The Dinar Daily, Thursday July 2, 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


    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 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
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________


    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″..

    __________________________________________________ ______________


    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


    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.


    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.


    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.

    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,

  3. #3

    Re: The Dinar Daily, Thursday July 2, 2015

    Three presidencies agree on the formation of a committee to follow up the national reconciliation and a commitment to the political agreement

    Long-Presse / Baghdad It agreed three presidencies, on Thursday, to form a committee represented to follow up the subject of national reconciliation and procedures related to them, and with drew to a need to adhere to paragraphs political agreement and address Allkaat developments in the implementation, Vice President Osama Nujaifi stressed the need to protect civilians in Fallujah and Ramadi before Armageddon and launch National Police and the salaries of the crowd in Mosul and relied upon in Kqohosasah edits.

    Information Office of the Vice President Osama Najafi said in a statement received (range Press), a copy of which he "held on Wednesday evening July 1, 2015 a meeting of the three presidencies, which raised issues and topics the task of dealing with political and security situation in Iraq and developments in the confrontation with al-Daash terrorist".

    The statement pointed out that "took place during the meeting extensive discussion to the issue of national reconciliation, confirmed Nujaifi on the need to adhere to paragraphs political agreement, being a basic rule," noting that "there is a reluctance in implementation, coupled with insufficient attention, which requires a quick review."

    He said Najafi through the statement that "national reconciliation requires the presence of expressive her actions, courage and decisions reflect the needs of citizens, and responsive to their aspirations," noting that "after discussing the subject was agreed to form a committee of three presidencies comprising representatives of the personalities participating in the meeting to follow up on the subject of reconciliation The measures and proposals for achieving them. "

    The statement continued, "The meeting also agreed on continuous communication to discuss issues and matters of importance, and access to suitable treatments on them."

    The statement noted that "the meeting took edits and confrontation in the provinces of Anbar and Nineveh," noting that "Najafi after this it is certainly the need to protect civilians in the cities of Anbar, particularly Fallujah, Ramadi, and work to find places to house them before Armageddon, with an emphasis on the involvement of the children areas in the battle to take the national and moral role and keeping the land after the liberation. "

    He stressed Nujaifi during the statement "the need to launch a police and national crowd in Nineveh province salaries, and armed and equipped, and rely on them as a key in the processes of liberalization", calling for "a review of the government's position because it was not enough to respond to the volunteer sons of Nineveh and their attention commensurate with the importance of their role and the need for battle to him. "

    Najafi and called for a "re-examine the balance within the body the popular crowd in terms of ingredients and the provinces, to achieve the national image meet the needs of Iraq," noting that he "called during his interview with the Prime Minister Haider al-Abadi to speed up the return of displaced persons and displaced persons to their towns and their role, and promised the Prime Minister that there measures to close a number of cities including necessary arrangements for the return of displaced persons. "
    Last edited by pinkadonai1; 07-02-2015 at 10:28 AM.

  4. #4

    Re: The Dinar Daily, Thursday July 2, 2015

    Money Laundering Act avoids serious damage to Iraq

    7/2/2015 0:00

    BAGHDAD - Al-Sabah
    described the head of the Iraqi private banks association meek ​​Handal money laundering law as the best way to enhance the confidence of international monetary institutions and banks the global banking sector, the Iraqi foreign dealings with Arab and international banks.
    The bitter melon in a statement singled out by the (morning): The importance of this law stems from the supplied spammers and judgments that enable the judiciary and the central bank and the relevant authorities of the use of appropriate tools to combat money laundering and terrorism financing.

    He said Handal's keenness all member banks in the Iraqi private banks association fully commit to the law, if approved, to the subject of the importance and the impact of direct to the economy and society, especially in light of the circumstances in the country, referring to banks close cooperation with the Central Bank's intention for the success of his efforts in achieving the objectives of this law.

    He Handal to the need to speed up the approval to spare Iraq of sanctions resulting from the lack of such a law and of the development of the country on the black list that harm the reputation of Iraq and its economy.

    The central bank may hailed in a press release issued by the province d. On the Keywords cabinet decision and vote on the draft anti-money laundering made ​​by the central bank after the adoption of international standards and agreements and Ptsnic directly with the World Bank and the Financial Action Task Force and international organizations.

    He called on the governor in a press statement on parliament to speed up passage of the bill to spare Iraq and put it in the black list, which have serious implications on the international position of Iraq and the national economy, pointing to Iraq a few grace period to enact the law requires to give him a preliminary to pass, to save time.

  5. #5

    Re: The Dinar Daily, Thursday July 2, 2015

    Antoine: Small projects complement large-scale industries

    7/2/2015 0:00

    Confirmed they contribute to absorb unemployment and achieve economic feasibility

    BAGHDAD - Hussein al-Tamimi Tgb
    order to raise the rates of industrial production to the levels achieved economic viability of the country, calls for encouraging the private industrial sector and to provide access to the goal of an ideal working environment contributes to the promotion of industrial investment and the protection of its products and support projects requirements Small investigating integrated with large industries.

    Deputy Economic Prime Baghdad forum on behalf of Jamil Antoine focused at the beginning of his speech on the subject on the need to be chosen industries that use in their work available raw materials locally for the purpose of reducing hard currency leak such as the construction industry and cement, plaster, brick, Block, Kashi, and petrochemical, as well as food, pointing to focus on reconstruction and the provision of infrastructure for industrial zones around the capital and in the provinces, with the help of the Baghdad Provincial Council and provincial councils.

    He said the "morning" to the need for enacting laws that serve the industrial action such as customs tariff law and the law of the protection implementation National Product and consumer protection and antitrust law and the contribution of private sector representatives in the House of consumer protection as well as speed up the formation of these councils and activating the role of civil society organizations and unions
    urged the need for legislation and other new laws for the transition to a market economy, such as the work, recording the Companies Act, the Income Tax Act urged Government to implement these laws.

    Antoine said selection and qualification of industries that attract the largest of the workforce number to reduce unemployment with the modernization of these industries to reduce costs and simplify some of the procedures and the reduction of measures some circles to withhold privileges granted by the laws of the satellites, as well as the enactment of the retirement of rewarding workers for workers in the private and mixed sector to promote employment for admission to employment in the private sector and reduce government employment, pointing out the importance of opening a training center for Iraqi industries and the development of existing ones to supplement the industry average cadre who lost during the period of the industry stop and conduct classification character.

    He called to focus on comparative advantage, which adds to the output of industries domestic product, higher value and can compete and enact a law to exempt manufacturers from taxes and fees for an appropriate period of not less than 5 years after the rehabilitation, with the provision of electric power for a period of not less than 8 hours per day, stressing the importance that regulates the industrial sector itself through councils in each industrial area to follow the procedures and resolve the intractable problems of the existing industries in the region.

    Antoine said that the reactivation of industrial production requires the support of medium and small industries, especially feeder large to provide more jobs and give soft loans for industrialists to ensure the project by only 2 percent interest and the division of loans into three sections Industries (Small, Medium, large) and by size of the project also must complete the legislation of small enterprises Law and the Council of particular her Balastkadh of the International Labour Organization (ILO) and the establishment of kegs business (incubators technology) to support private innovators in universities of technology and the need to develop the banking system to serve the industrial sector, especially in the establishment of joint ventures investment between industrialists and banks and the amendment of Article 28 of the Banking Act to engage in large-scale investments after the privatization and sale of projects for industrialists exclusively and exempt industrial projects to pay industrial loans, freezing now and stop benefits them and the formation of a joint committee of the private banking sector to study them, pointing out the importance of creating large companies of the same money capital of the private sector for the purpose of entering into a wide investments and attract national savings.

    He Antoine Speaking to stage requires a focus on agro-industries producing fertilizer and fertilizer micronutrients and factories organic fertilizers as well as the dates and tomatoes, fruits and textile factories factories .. pointing out the importance of launching the frozen assets mixed sector in banks and pay off the debt that the industrial sector owed ​​by the state and the activation of the national product protection and consumer protection and work to create tangles between producers of agricultural and industrial sector to know the needs of agriculture in that Act.
    and the importance of activating the role of the manufacturing industries that fall in other industries, and that can be exported, especially petrochemical industries and the construction and reconstruction of industrial free zones, especially in the border areas and facilitating the entry of the private sector in the petrochemical industries as well as to speed up the legislation and implementation of industrial estates law and the establishment of a large joint-stock companies.

    He stressed that the establishment of a development bank managed mentality far from the red tape and bureaucracy and the contribution of active private sector and issue legislation so and be Council joint management and allocation of the annual budget of the public and the private sector.

  6. #6

    Re: The Dinar Daily, Thursday July 2, 2015

    Infallible: no alternative to the Iraqi army

    7/2/2015 0:00

    Urged to broaden international support and achieve national reconciliation

    BAGHDAD - morning
    President Fuad Masum, stressed the need to expand the international crowd supporting Iraq in its war against Daash, and while stressing the importance of the role of youth leadership in strengthening the social fabric and the development of the national economy and diversify its resources, he explained that there is no alternative for the army National, noting the need to focus the efforts of all political parties for the achievement of national reconciliation.

    Infallible During his visit to Foreign Minister Ibrahim al-Jaafari, which comes as part of meetings Ramadan conducted by the President with the political leaders, according to a presidential statement «morning» received a copy of it, discussed foreign relations and ways Tedeidha, as Emphasis was placed on the need to expand the international crowd supporting Iraq in its war against al Daash terrorist.

    The two sides stressed that the dialogue with all parties and national necessity, and that the unit position will miss the opportunity to terrorism to undermine the Iraqis, because all the nations that have passed similar circumstances, has triumphed Union her.

    In an interview collection infallible with MP Mehdi al-Hafez, discussed the overall political, security and economic situation in the country as well as ways to the success of the reconciliation Aloutnah.ocd infallible need to focus the efforts of all political parties to accomplish national reconciliation through put aside their differences and put the interests of Iraq and the stability of the security, political and economic at the top of their priorities and to work in earnest service to the people of all their constituents and defeat the terrorists schemes aimed at tearing the national fabric Alaraca.aly, the President of the Republic stressed the importance of the role of youth leadership in the promotion of the social fabric and the development of the national economy and diversify its resources, stressing its readiness to support all realistic projects that promote the role of youth in shaping the success of the development process of the country by introducing legislation Allazemh.ocd infallible, during a meeting with a delegation of youth leaders and civil society organizations from various provinces listened as to the concerns and problems of young people, that the Iraqi state put urgent and strategic plans to keep young people on the dangers of unemployment and marginalization He pointed out that youth leadership is a great important role in strengthening the social fabric of Iraqi society as a whole through the deployment of civil peace culture and establish the concept of dialogue among the people.

    As the President welcomed any ideas or proposals crystallized youth leaders to address their issues and problems of life, expressing his willingness to meet them by offering projects realistic need legal legislation, pointing out the necessity of activating the role of national industry and enterprise production, development and popular professions, as well as support vocational education programs in the rehabilitation and training of staffs craft.

    The President of the Republic on the need to approve and activate the laws that have a direct link to this segment, such as the Federal Service Act and Service science, as well as the dimensions of the recruitment process for narrow partisan.

    In the same context, the President visited the Defence University for Military Studies, to listen to a detailed explanation about the activities and facilities for the university and the organizational structure and administrative laws that govern their work, and certificates awarded by colleges affiliated to Ha.ookd infallible importance of the role played by the university in supplying the military research and studies strategy that contribute to the development of military and security system, and rehabilitation of cadres to work efficiently and professionally to improve its functions to the fullest in maintaining security and stability, especially as the country undergoing great challenges is in the face of terrorist organizations.

    He said infallible in his without it in the visitors log that «After reviewing a number of colleges and meeting military and civilian professors came out with the impression fan as long as we have this scientific, military, Iraq would be okay and is moving towards stability .. there is no alternative to the army and we all work for the return of his status within Iraq, the Democratic Unionist competencies».

  7. #7

    Re: The Dinar Daily, Thursday July 2, 2015

    Najib: The Central Bank will be put through this month, category 50 thousand dinars

    Thursday, July 2, 2015 14:10

    BAGHDAD / Baghdadi News / .. MP announced the parliamentary Economic Committee Najiba Najib, Thursday, that the 50 thousand dinars category will go on the market this month.

    Najib said in a statement to / Baghdadi News / "The central bank will present the new category of coin 50 thousand dinars on the market during the month, after it was completed all their own actions."

    She added that "there is another category, which is 100 000 dinars will go after the launch of the 50 thousand dinars category, while the special measures for the completion of that category, and make sure their advantages and disadvantages." It ended 21 m / s.

  8. #8

    Re: The Dinar Daily, Thursday July 2, 2015

    Anbar Governor: financial liquidity raised to a recent banks spend 5 to 15 billion dinars

    Thursday, July 2, 2015 08:52

    BAGHDAD / Baghdadi News / ... stressed the governor of Anbar Suhaib narrator, on Thursday, that the Ministry of Finance raised the cash allocated to a recent banks from 5 to 15 billion dinars, to support conservation efforts in the relief and liberation.

    Information Office of the Governor said in a statement received / Baghdadi News /, a copy of "The minister met with the Governor and Chairman of the Board of modern Khaled Suleiman and Chief Financial Officer to maintain Mohammed Awad, to discuss the financial situation of Inbar."
    And he stressed the narrator according to the statement that "Zebari instructed the launch of cash to a recent banks spend, and submit them from 5 billion to 15 billion Iraqi dinars."

    For his part, Zebari stressed that he "will be launched all projects Anbar after the Ministry of Planning approval. In support of the efforts of the governor in relief to the displaced and the liberalization of the province from the grip of the terrorist organization Daash" .anthy 21 / N

  9. #9

    Re: The Dinar Daily, Thursday July 2, 2015

    Parliament held its second meeting in the third legislative term under the chairmanship of al-Jubouri, and the presence of 216 deputies

    Thursday, July 2, 2015 14:00

    BAGHDAD / Baghdadi News / ... hold the House of Representatives, on Thursday, its second in the third legislative term under the chairmanship of President of the Council and the presence of 216 deputies.

    A parliamentary source said in an interview with / Baghdadi News /, "The parliament held its second of the third legislative term, headed by Speaker Salim al-Jubouri, and the presence of 216 deputies."

    The House of Representatives resumes its, today, to host the Deputy Prime Minister Mr. Bahaa al-Araji topics related to energy and electricity to discuss, and the first reading of the draft law on ratification of the Republic of Iraq to the Statute of the Council of Peace and Security Araba.anthy 21 / N Law

  10. #10

    Re: The Dinar Daily, Thursday July 2, 2015

    Araji: the need to facilitate investment procedures and overcome the obstacles to creating an attractive environment for investors

    Thursday, July 2, 2015 12:49

    BAGHDAD / Baghdadi News / ... stressed Deputy Prime Minister Bahaa al-Araji, Thursday, on the need to facilitate investment procedures and overcome the obstacles to creating an attractive environment for investors, to pay the Urban Wheel in the country.

    Aargi media office said in a statement / Baghdadi News /, copy of which was received that "the Deputy Prime Minister held official office in Baghdad, meeting with the ministers of electricity and water resources and Undersecretary of the Ministry of Finance and Chairman of the National Authority for Investment."

    The statement added that "the meeting the parties discussed ways to facilitate investment procedures, and reduce obstacles routines and procedures that prevent the realization of investment projects in Iraq."

    According to the press office statement it said that "the meeting resulted in the need to find a specific model for all investors ensures and preserves their projects and their money, and in the public interest."

    Araji stressed during the meeting the need "to strive in facilitating all proceedings before the investor to be in front of an attractive investment environment, pushing for the development of urban and service situation in the country," .anthy 21 / N

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