The Dinar Daily, Sunday July 19, 2015
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  1. #1

    The Dinar Daily, Sunday July 19, 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 1288.313 1287.669
    British pound GBP 1814.179 1813.272
    Canadian dollar CAD 913.650 913.193
    Swiss franc CHF 1231.257 1230.641
    Swedish krona SEK 138.644 138.575
    Norwegian krone NOK 144.697 144.625
    Danish krone DKK 172.641 172.555
    Japanese yen JPY 9.518 9.514
    Special
    Drawing Rights
    SDR 1631.129 1630.313

    Indicative rates - (as of) 15.07.2015 (no change as of 18.07.2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2997 most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 15/07/2015 results were as follows: (no change as of 18/07/2015)

    DETAILS NOTES
    Number of banks 29
    Number of remittance companies 8
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 364,691,686
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 364,691,686
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-20-2015 at 04:58 AM.



  2. #2

    Re: The Dinar Daily, Sunday July 19, 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
    Last edited by pinkadonai1; 07-20-2015 at 04:59 AM.

  3. #3

    Re: The Dinar Daily, Sunday July 19, 2015

    Iraqi parliament resumes its sessions on 25 July of this



    Twilight News / Iraqi Council of Representatives resumes its normal 25 day of the month of July of this according to a statement of the President of the Council, Salim al.

    Jubouri said in a statement Office responded to Twilight News, "The House Speaker Salim al-select next Saturday, corresponding to 25/07/2015 as the date for the next session of parliament."

    He called al-Jubouri council members to attend the session on schedule, and follow-up materials on the agenda.

    Parliament and hold another session on the fifth of this month before disabling because of Eid al-Fitr.



    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711694.htm&usg=ALkJrhj0ioJPeE2_p4MMZ1xegd9FCUIw7A
    Last edited by Doodle Brain; 07-19-2015 at 01:45 PM.

  4. #4

    Re: The Dinar Daily, Sunday July 19, 2015

    Balsour..daash Mosul exploits the most luxurious hotels to lure new fighters



    Twilight News / Daash terrorist organization is trying to attract new fighters to its ranks, the promotion of which shows images coping with civilian life, such as hotels modern five-star, and modern shopping malls, shops and processing brides.

    According to the newspaper reported, "The Sunday People," the British, the publishing organization through social networking sites of his photographs tries from which to lure new fighters enlisted to its ranks, suggesting that the organization provides a means of well-being and civic life in modern city of Mosul, citing Ninoy Hotel, which is located on the River Tigris, and fast food outlets Kalpatza and burgers, and the streets are clean.





    The newspaper said these pictures deceptive, of course, and far from reality ugly that people experienced in the areas controlled by the organization Daash, in the midst of the shops that sell cakes chocolates, cosmetics, toothpaste, there are stalls that sell knives, swords, firearms and guns.

    The regulation applies sanctions stipulated by Islamic law as spare hands of thieves and stoning the adulterer, and without making sure that the conditions approved by Islam in the application of the penalty, as he punished smokes cigarettes and women that do not adhere to the skin attire.

    Last week saw four children killed in a bombing near a church, and shall be punished by an Iraqi journalist sentenced to death by firing squad after he was accused of spying.


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711626.htm&usg=ALkJrhjwpkqaL9OxBChCT6-MGwNyab4Ynw

  5. #5

    Re: The Dinar Daily, Sunday July 19, 2015

    Investment Baghdad : We have 130 working vacation and provided 30 000 jobs

    Alsumaria News / Baghdad - It announced the Investment Commission of Baghdad , Sunday, the existence of 130 vacation investment agent provided 30 000 jobs, noting that the licenses were on different sectors such as housing, industrial and commercial, health, education and entertainment.

    The head of the Shaker Zamili in an interview with Alsumaria News , "The total investment licenses granted in Baghdad since 2010 until now amounted to 320 000 vacation including 20 investment license has been granted in the past few days," adding that "vacations were distributed among the different sectors including housing, industrial and commercial, health, education and entertainment. "amili and explained that "working projects currently stands at 130 investment project was able to provide 30 000 jobs directly and indirectly," noting that "the work of the initiation residential projects, amounting to 73 investment license would provide more than a million jobs."

    Zamili and pointed out that "granting the license does not mean you start the project, but means embark on completing the procedures, including the ratification of the designs and studies for the services and infrastructure that need for some time to be delivered to the investor."

    And Iraq's parliament approved in October 2006 Iraqi investment law, but many foreign companies are still hesitant because of fear of the unstable security reality in Iraq, in addition to the presence of some non-attractive investment paragraphs although amend the law in 2010
    .



    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711627.htm&usg=ALkJrhgOsQsAcMyZHZYldjAPHGR_5OIJyQ

  6. #6

    Re: The Dinar Daily, Sunday July 19, 2015

    Kurdistan: doubling taxes on imported agricultural products and farmers exemption from fees

    BAGHDAD - scales News - Ministry of Agriculture in the Kurdistan Regional Government issued a decree imposing double on imported from the neighboring countries of agricultural products tax. "


    The ministry official said in a press statement, "it was exempt peasants and farmers of any fees on their products in addition to granting wishing to practice agriculture specific agricultural areas and offers attractive facilities."


    He pointed out that "the final decision stimulate hundreds of peasants to return to the practice of agriculture in the lands from which they abandoned farmland will credit as those who are not owned by farmers under long-term contracts with facilities and attractive incentives."
    For their part, called on the representatives of the unions and peasant associations in the Kurdistan region to translate double the tax on imported crops to permanent law decision. "


    They pointed out that "the decision of the Ministry of Agriculture province to double taxes on agricultural products imported is a very important decision and it will be a profound impact if implemented consistently, so we demand the regional parliament to make it a permanent parliament also call on the Ministry of Agriculture to provide more assistance to farmers" .29- 3 / hhttps://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711417.htm&usg=ALkJrhhOED3hwMbnkcxofy2YQgWULIy2Aw

  7. #7

    Re: The Dinar Daily, Sunday July 19, 2015

    Zubaidi, directs ports company to make maximum efforts to receive the ships after the closure of the western ports

    Alsumaria News / Baghdad - Face Transport Minister Baqir al-Zubaidi , Sunday, the General Company for Ports to exert maximum efforts to receive ships laden with goods after the closure of the western ports.

    According to a statement issued by the ministry and received Alsumaria News , a copy of which, "The face of the Minister of Transport General Company for Ports to exert maximum efforts to receive ships laden with goods," noting that it came "after the closure of Western outlets."

    The Minister of Transport on the need to "speed up the unloading of goods of all kinds.

    The Directorate of border crossings in the Interior Ministry , decided to close the Trebil border port that links Iraq with Jordan , noted that the entry of goods will be through Safwan crossing in Basra , while attributed the decision to the organization Daash collect levies from all trucks that enter through the border port to finance its elements .


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711224.htm&usg=ALkJrhisKOJ745vuovKmDZVAWel68tI1AQ

  8. #8

    Re: The Dinar Daily, Sunday July 19, 2015

    Planning: Cotton production in Iraq is not enough to meet the needs of one existing plants

    Alsumaria News / Baghdad - The Ministry of Planning, Sunday, that the cotton Antah in Iraq is not enough reverence for the needs of one existing plants, pointing to a decline in crop cultivated in this area by 43.1%.

    According to a report of the Directorate of Agricultural Statistics of the Ministry and seen Alsumaria News it, that "the list of strategic goods is still their production does not meet the requirements of the needs of the Iraqi market, especially cotton crop estimated production of 1400 tons in 2014 and an increase of (0.1) thousand tons for the season in 2013 and that the proportion of The increase of 7.7%, "pointing out that" Baghdad and Babylon outstand first place respectively. "

    The report added that "the total cultivated area of ​​cotton crop amounted to (3.3) thousand acres a decrease of (2.5) thousand acres on the season before that was 5800 acres and the percentage decline of 43.1%

    The report pointed out that "this quantity produced cotton crop is not enough to meet the needs of one existing plants and deployed in most parts of Iraq," indicating that "often resort to the Arab and international markets to meet the large deficit of this commodity, whether in the form of raw materials or yarns."

    And cotton plants from the tropics, and the plant is a small shrub and requires a good RIA and fertile ground to grow well to produce cotton at a high degree of quality.

    Only cotton is the main crop is not between Alsellalozih crops but between different crops that are the raw materials used in yarns and fabrics industries.


    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://hathalyoum.net/sit/711561.htm&usg=ALkJrhhiy2i1fti_UqoU4lxIyQ5Q90WOFw

  9. #9

    Re: The Dinar Daily, Sunday July 19, 2015

    Alkhalati exclude obtain a negative impact on the Iraqi economy after nuclear deal




    / ..
    BAGHDAD / information / .. ruled the National Alliance MP Hassan Khalati, Sunday, for a negative impact on the Iraqi economy after the Iranian nuclear deal with the West.
    He praised Khalati Agency / information / "nuclear deal" returned him as positive, saying that "is of great interest to reduce the state cramping in the region. "
    He explained that "the negative effects of this little agreement and will receive due to lower oil prices, noting that" oil exports linked to the Organization of Petroleum Exporting Countries and the established limits to the size of the export as well as the extent of demand and supply in the market. "
    "The price of goods imported from Iran will rise slightly , but we have to take into consideration that break the siege of Iran will revive the domestic market in it. "
    He stressed that "break the siege of this country will impact on a lot of economic activity and creates flexibility in inside Iran, which fosters competition there is between the traders to export to Iraq and this competition will make prices back to balance through a clear equation Iranian Valtoman its value will rise after the siege but the price of the commodity will decrease the value of the Iraqi currency makes price equal ".anthy / 25


    http://www.almaalomah.com/news/26595...9%D9%84%D9%89-

  10. #10

    Re: The Dinar Daily, Sunday July 19, 2015

    Dr. al-Jubouri sets Saturday as the date for the convening of the parliament session



    The President of the House of Representatives, Dr. Saleem al-Jubouri, next Saturday, corresponding to 25/07/2015 as the date for the next parliamentary session.

    He called sovereignty council members to attend the session on schedule, and follow-up materials on the agenda.

    Information Office

    The President of the Iraqi Council of Representatives 19/07/2015

    http://parliament.iq/details.aspx?id=48583&Alw

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