The Dinar Daily, Saturday July 11, 2015
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  1. #1

    The Dinar Daily, Saturday July 11, 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 1285.398 1284.756
    British pound GBP 1791.209 1190.314
    Canadian dollar CAD 916.523 916.064
    Swiss franc CHF 1233.210 1232.593
    Swedish krona SEK 137.009 136.940
    Norwegian krone NOK 141.720 141.649
    Danish krone DKK 172.256 172.170
    Japanese yen JPY 9.553 9.549
    Special
    Drawing Rights
    SDR 1627.538 1626.724

    Indicative rates - (as of) 09.07.2015 (no change as of 11/07/2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2993- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 11/07/2015 results were as follows:

    DETAILS NOTES
    Number of banks 20
    Number of remittance companies 2
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 209,752,493
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 209,752,493
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-12-2015 at 10:49 AM.



  2. #2

    Re: The Dinar Daily, Saturday July 11, 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, Saturday July 11, 2015

    Rafidain Bank underlines its support of the national economy in the field of banking and investment funds





    BAGHDAD / ... Rafidain Bank said on Saturday, continuing to support the national economy in the field of commercial banking and investment funds and to provide funding for the various sectors in accordance with the development plans. The general director of the bank on behalf of Kamal al-Hassani said in a statement "Eye Iraq News" received a copy of "The bank does accept deposits of all kinds and contribute effectively to the development and assignment of private banks in the field of banking systems."He said al-Hassani said: "Some wanted to discredit the bank of the Nile in order to technological progress and achievements during this period and that have not achieved the previous administrations of Msrv.anthy / 3

    http://translate.google.com/translate?depth=108&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3991354

  4. #4

    Re: The Dinar Daily, Saturday July 11, 2015

    Parliamentary Finance confirm that the central bank weakened the fight against money laundering



    Tomorrow Press / Baghdad: the parliamentary finance committee, confirmed Tuesday that the central bank management is weak in the fight against money smuggled out of the country mechanisms, calling on the central bank to identify gaps in the Money Laundering Act for the purpose of processing.

    The committee member said Jabbar Abdul Khaliq for "tomorrow Press", "The Finance Committee recommended that the Central Bank of standardization procedures through banks that buy foreign currency and securities for the purpose of controlling the prices of the dinar against the dollar," noting that "there is a clear lack of prevention of money smuggling abroad. "

    He added that "it is hoped that during the few weeks is adjusted money laundering law and present it to the Presidency of the Council of Representatives for approval," pointing out that "the law needs to be a lot of banking instruments for the purpose of his accession with the financial and economic reality."

    The central bank called for "identifying the gaps in the Money Laundering Act for the purpose of processing by the Finance Committee."

    Cabinet approved during its regular Tuesday (June 30, 2015), on the draft anti-money laundering and terrorism financing law.

    http://translate.google.com/translat...3Fid%3D3991850

  5. #5

    Re: The Dinar Daily, Saturday July 11, 2015

    Barzani: We are working on the independence of Kurdistan and the need for unity to achieve it



    Long-Presse / Sulaymaniyah
    Stressed the security of the Kurdistan Regional pleased Barzani Council adviser, said on Saturday that the Kurdistan Democratic Party "struggling" since its inception for independence, and the promise of the rights of the Kurdish people, and as a student of power and political parties to make independence a platform for political work, he pointed out that this can be achieved only through unity.
    He delighted Barzani in a meeting televised transferred Democratic Party site and I followed, (range Press), "The Kurdistan Democratic Party fought and struggled since its inception and over its history for the independence of Kurdistan," asserting that "the Kurds like all other peoples of the earth have the right to self-determination, so this the issue was and remains among the priorities of political action the Kurdistan Democratic Party and will remain so. "
    He called Barzani, the political forces and the Kurdish parties, "making this issue a political platform for their work to be able to restore this right to the people of Kurdistan," asserting that "needs to achieve independence and unity of all Kurdish political forces."
    The head of the Kurdistan region, Massoud Barzani, announced in (13 May 2015), that a lot of European countries announced their support in the region the right to self-determination, including Hungary and openly, among the forced union and forced retail will not Anjuhan.
    The head of Iraq's Kurdistan region, Massoud Barzani stressed in (6 May 2015), that the Iraqis conviction to "Unit voluntary and not mandatory", and as pointed out that the fate of the Kurdish people report must be in a peaceful manner, he stressed that the State of Kurdistan to come.

    http://www.almadapress.com/ar/news/5...A%D8%A7%D9%86-

  6. #6

    Re: The Dinar Daily, Saturday July 11, 2015

    Maliki: audience "year" in their politicians and sectarian projects division does not agree





    BAGHDAD / obelisk: First Deputy Chairman of the Republic of Iraq Nuri al-Maliki, that the United States did not Taatat positively regarding the level of military support provided by Iraq in its war against al Daash, describing it as "not at the required level."

    Maliki said in remarks over the phone the German news agency in Cairo, "if the United States is serious in the armament process to collapse security dangerous in Iraq was an event," explaining "what we got was not enough in light of the ongoing war, so Iraq resorted to Find other sources of arming of Russia, Iran, Korea and Bulgaria. "

    Maliki confirmed that "will resolve the battle with the terrorist organization are the sons of the security forces and the crowd popular and clans who are now playing a key role in the fight and being expelled from the territory of Iraq," noting that "the bombing of Flight International Alliance of sites Daash only to 10% of all what has been achieved lead On the ground ".

    Maliki said that "if the world is serious about the fight against terrorism, they should first stop its funding sources .. and stop the flow of terrorists into Iraq," warning that Iraq "will not be alone arena for terrorism."

    Rated and about the Iran-Iraq relations, al-Maliki praised the role played by the Islamic Republic of Iran to support Iraq in its war against terrorism, and said "the Iranian role supportive of Iraq was not great and positive attitude to Tehran what we were able to continue the fight against Daash".

    He talked about that "Tehran has offered to buy arms Iraq and in large quantities, and this helped a lot to stop the security collapse that occurred .. as well as the existence of a large volume of trade exchange with Iran $ 13 billion a year."

    He stressed the lack of health or the need for Iraq for the presence of any foreign troops on its territory, especially as he already has enough troops of his sons to face threats both from Daash or the other.

    He believed that the frequent criticism of the PDF crowd "is only new attempts by advocates of partition to thwart this national experiment that was able to protect the unity of Iraq, and the same voices that were launched by the distortion against the Iraqi army and Osagtoh campaigns."

    He warned of "repeating the same day planned to drop the popular crowd and across the target sometimes likened to the Iranian Revolutionary Guards at other times," and said that "this is absolutely true, because the crowd at the end of it will be part of the title of the National Guard."

    Maliki expressed support for the adoption of the National Guard Law ", but not the current as a threat to national unity, and they turned out the idea of ​​the National Guard of the assumed its function of protecting the entire nation to the independence of administrative provinces guard."

    He renewed his rejection of any arming process taking place component Iraqis outside the framework of the Federal Government, in reference to put before the part of some in the US administration about the possibility of arming the Sunnis or the Kurds without reference to the federal government, and considered that this idea represents a major threat to the unity and sovereignty of Iraq and supports projects divisive.

    He stressed that "the public year are not Kssayasehm in terms of sectarian adoption or adoption projects division but they are with the unity of Iraq .. and they do not need to call to strengthen their role in the war against Daash who violated their land and shedding the blood of their children, because they are involved mainly in the fight against the entry of Turkey to People crowd along with their brothers and free them of many of their areas. "

    With regard to the Syrian crisis, al-Maliki warned that the "continuation will lead to a completely burning the region, especially since the elimination of Daash Iraq is linked to the end of the crisis there," and stressed that the solution is to "sit all parties to the conflict to the negotiating table without preconditions and abide by the results of the dialogue, which must be supported and should be realistically to avoid greater risk if the regime fell, however, extremists and terrorists. "

    He expressed his appreciation for the magnitude of the challenges currently faced by the Government of Haider al-Abadi, describing his relationship with the latter as "good".

    He concluded by al-Maliki invited Iraq's politicians to support Abadi and stand with him, and warned that "the danger Iraq touches the entire structure fell and if it will be on everyone's heads."

    https://translate.google.com/transla...-text=&act=url

  7. #7

    Re: The Dinar Daily, Saturday July 11, 2015

    More than $ 20 billion Central sales




    BAGHDAD / Obelisk: Central Bank of Iraq announced on Saturday that its sales to banks amounted to more than $ 20 billion up to July 11 of the current.

    The bank said in a statement seen by "obelisk", "The sales of the dollar banks reached since the beginning of this year until July 11 of the current, amounted to 20 billion and 346 million and 376 thousand and $ 607."

    The bank said that "this amount is lower than it was in the same date of last year 2014, which amounted to 26 billion in sales 573 494 000 dollars."

    "The sale amounts transferred to the accounts of banks abroad the price is 1187 dinars per dollar, including the commission of the Central Bank of $ 21 dinars per dollar, while cash sales price of 1190 dinars per dollar Dmtha commission of the Central Bank of $ 24 dinars per dollar."

    The Governor of the Central Bank on the Keywords announced in the third from last March that the new regulations set by the Bank is that the auction is no longer a daily window of operations for the sale of currency auctions, noting that the new mechanisms developed to sell this currency, especially that of its functions to provide currency for foreign trade.

    https://translate.google.com/transla...-text=&act=url

  8. #8

    Re: The Dinar Daily, Saturday July 11, 2015

    A commission of inquiry Mosul: new information and answers Maliki should be re-investigated with some officers



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) member investigative committee said the reasons for the fall of the city of Mosul nostalgia Qaddo that the Commission had not completed its investigation to date, because the answers of former Prime Minister Nuri al-Maliki opened the lines and new information should be verified.

    He said Qaddo's (IMN) that "the Commission has reached the final stages to complete the report, but there are still some outstanding matters that need for more details," noting that "the answers Maliki opened some new lines that should stand then to get some details."

    And that "the Committee in the process of writing the final notes, and there is a committee of five members to the drafting of the final report and make recommendations and to identify the accused in the case."

    Qaddo He pointed out that "the Commission need to re-investigate some of the characters because of the intersection of their statements with the last information that we received," pointing out that "the Commission will add the former commander of the ground forces, the first Lieutenant-General Ali Ghaidan and the commander of the Tigris Abdul Amir al-Zaidi operations, and possibly other figures after audit Names ".

    And it announced a commission of inquiry in the fall of the city of Mosul earlier, that all the answers that reached the Commission and the results of Alastdavat military commanders and civilian officials will announce the details to the public after the completion of the presentation of the final report.

    From: Wissam al-Haj, edit: Mushtaq Feeli

    https://translate.google.com/transla...sit/701924.htm

  9. #9

    Re: The Dinar Daily, Saturday July 11, 2015

    Communications signed a contract with a local company for Internet marketing capacities of government institutions



    Baghdad and babysit - and the Ministry of Communications signed a contract with the company / the sky / local Internet marketing capacities of government institutions.
    The ministry said in a statement, received a "public opinion", "This important contract signed by the General Company for the services of international information networks of the ministry which will be provided to all state institutions Internet services by a company (the sky)."

    For his part, Deputy Managing Director of the Company (the sky) Firas Qais, that "the choice of the Ministry of Communications to our company as a strategic partner in the marketing of stings the Internet and its applications, services and supplies to government institutions is a testament to the adoption of the ministry of openness to private sector companies policy," pointing out that "the company (the sky) will work alongside the ministry through the provision of high quality and purity protection and technical support and ongoing maintenance on the clock. "

    https://translate.google.com/transla...m%2F141801.htm

  10. #10

    Re: The Dinar Daily, Saturday July 11, 2015

    Iraqi bank says it accepts all kinds of deposits



    Shafaq News / Rafidain Bank expressed on Saturday its willingness to provide support in the field of commercial banking and investment funds
    and provide funding for the various sectors in accordance with the development plans.
    The general director of the bank , Basem Kamal al-Hassani said in a written statement received by Shafaq News, that "the bank is accepting deposits of all kinds and contribute effectively to the development and assignment of private banks in the field of banking systems."
    Al-Hassani said "Some wanted to discredit the bank’s reputation in order to harm its technological progress and achievements during this period and that have not been achieved in the previous administrations of the bank."

    http://english.shafaaq.com/business/...-deposits.html

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