The Dinar Daily, Wednesday July 22, 2015
Page 1 of 11 123 ... LastLast
Results 1 to 10 of 104

Thread: The Dinar Daily, Wednesday July 22, 2015


    
  1. #1

    The Dinar Daily, Wednesday July 22, 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 1267.092 1266.459
    British pound GBP 1812.547 1811.641
    Canadian dollar CAD 899.622 899.172
    Swiss franc CHF 1213.319 1212.713
    Swedish krona SEK 135.051 134.983
    Norwegian krone NOK 142.107 142.036
    Danish krone DKK 169.810 169.725
    Japanese yen JPY 9.376 9.371
    Special
    Drawing Rights
    SDR 1619.761 1618.951

    Indicative rates - (as of) 22.07.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2998 most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 21/07/2015 results were as follows:

    DETAILS NOTES
    Number of banks 23
    Number of remittance companies 5
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 261,536,127
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 261,536,127
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-23-2015 at 10:27 AM.



  2. #2

    Re: The Dinar Daily, Wednesday July 22, 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; 07-23-2015 at 10:28 AM.

  3. #3

    Re: The Dinar Daily, Wednesday July 22, 2015

    PARLIAMENTARY ECONOMY TERMINATE READ THE INVESTMENT LAW




    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Commission on Economy and Investment parliamentary reading of the Investment Law, noting that it will be presented to parliament for a vote.

    A member of the Committee Ali Sobhi al-Maliki's (IMN) "The Commission intends to make the investment law to the House of Representatives for a vote in the coming sessions, after it was all the points where the discussion along with proposals of Representatives," noting that "the points of contention included the law can be overcome." .

    Maliki said that "the new law would prevent the investment environment in Iraq, to ​​the environment contested by investors."

    It referred to the House of Representatives discussed the second amendment to the Investment Law No. 13 of 2006, which saw a second reading, especially after the law enriching many of the observations made by specialists in economic affairs, has hosted by the parliamentary committee.

    http://center-imn.net/1/?p=22047

  4. #4

    Re: The Dinar Daily, Wednesday July 22, 2015

    PARLIAMENTARY FINANCE: SIX MONTHS FOR THE PREPARATION OF SOCIAL JUSTICE FOR THE LAW OF THE FEDERAL SERVICE SYSTEM



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - the parliamentary finance committee said that the Federal Civil Service Law will establish to regulate the salaries of state employees in ministries and institutions is related to the Ministry, pointing out that the preparation of the special regime of social justice within the law needs to be six months to accomplish.

    The committee member said Masood Haider's (IMN) "The legislation of the Federal Civil Service Law will eliminate the large differences in salaries between employees, and salaries will be organized for all ministries and presidencies of the three bodies and institutions is related to the Ministry."

    He added that "the Finance Committee need six extra months to prepare your system for social justice within the law which ensures a social justice among all cadres of the Iraqi state by setting standards for fixed salaries as is the case in the neighborhood and the region in general countries."

    Haider said that "the social justice system requires a private data base and the participation of experts in the financial field and benefit from the experiences of neighboring countries so that the system, which will be followed in Iraq just and comprehensive and end on the big differences between the salaries of state employees."

    The Cabinet approved the reduction of the top positions salaries of the three presidencies of 50% to be the amount of remuneration of the President and the Chairman of the House of Representatives by salary and allowances of the Prime Minister, making the salary and allowances of Vice President and Vice President of the House of Representatives by salary and allowances of the Deputy Prime Minister.

    The Cabinet also decided to reduce the allocation of the minister and their grade and earn their salaries by 45%, that is how much they earned after reduction by a member of the House of Representatives salary minister.

    The Council of Ministers decided to reduce the allocation of agents ministers and advisers and those with special grades and general managers and their grade and earn their salary by 40%, as well as the reduction of staff in all functional addresses allocations in the three presidencies, bodies and departments associated by 30%.

    The Cabinet instructed the Ministry of Finance and the Office of Financial Supervision and financial units in presidencies, ministries and departments not associated with the implementation of the Ministry to reduce salaries with effect from 1.8.2015.


    http://center-imn.net/1/?p=22082

  5. #5

    Re: The Dinar Daily, Wednesday July 22, 2015

    DHI QAR IS COORDINATING WITH THE MINISTRY OF INDUSTRY FOR INVESTMENT OPPORTUNITIES



    Dhi Qar / Center Brief for the Iraqi Media Network (IMN) - Chairman of the Investment Commission of Dhi Qar Luay Khairallah said that Thi-Qar Investment Authority continues to coordinate with the Ministry of Industry to create a suitable platform for investment opportunities for the industrial sector in the province.

    He said Khairallah's (IMN) that "the agreement was with the Ministry of Industry on the establishment of an industrial city in the province of Dhi Qar, and the allocation of a large area of ​​land for the establishment of this industrial city on them."

    He explained that "Devolution of power from the ministries to the province will contribute to get a great investment opportunities, will contribute to the development of the province and open the prospects of industrial, economic and wide for investment and growth capital in it."

    The deputy governor of Dhi Qar just Aldechala earlier, that the transfer of powers from the ministries to the local government will reduce the unemployment rate and the opening of investment prospects in the province and attract capital, especially in light of the economic crisis plaguing the county.


    http://center-imn.net/1/?p=22069

  6. #6

    Re: The Dinar Daily, Wednesday July 22, 2015

    PARLIAMENTARY INVESTMENT: TREATMENT OF SLUMS WILL CONTRIBUTE TO SOLVING THE HOUSING CRISIS PLAN



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the economic and investment commission parliamentary Ali Sobhi al-Maliki said that addressing slums approved by the Council of Ministers plan will contribute to ease the problem of the housing crisis in the country.

    He said al-Maliki's (IMN) that "the Commission appreciates the step the Council of Ministers, which approved the treatment plan and the rehabilitation of slums, which in turn will contribute to solving the housing problem in the country," stressing "the importance of investment in infrastructure slum building."

    He pointed to "the importance that the government take decisions that would end the housing crisis and Nash poor economy in the community."

    The cabinet approved treatment and rehabilitation of random housing provided by the Higher Committee for the poverty alleviation policies and stomach in collaboration with the United Nations Human Settlements Plan (un-habttat).

    http://center-imn.net/1/?p=22117

  7. #7

    Re: The Dinar Daily, Wednesday July 22, 2015

    NASSIF: PAYMENT ON CREDIT SECKHL BUDGET 2016



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - MP for the rule of law high Nassif confirmed that the payment on credit projects Cetkhl 2016 budget debt, pointing out that the government Altaatfawd with solid companies to be converted her projects on credit.

    Said Nassif's (IMN) said that "today the country is at war with gangs of satisfaction and most of the funds for the benefit of the battle harness and projects payment on credit Cetkhl next year's budget debt."

    She added that "it is necessary to negotiate with solid companies with considerable experience in the area of ​​competence to be transferred payment on credit projects have and do not even linger of those projects."

    The MP for the National Reform Movement, Tawfiq al-Kaabi yesterday that there was no information about the benefits if they are high or discounted from companies that will work on credit Order, pointing out that the payment on credit projects make the government restricted the payment of amounts to the executing companies.


    http://center-imn.net/1/?p=22079

  8. #8

    Re: The Dinar Daily, Wednesday July 22, 2015

    A COALITION OF LAW CALLS FOR THE ALLOCATION OF THE SALARIES OF THE THREE PRESIDENCIES DIFFERENCES TO THE FAMILIES OF THE MARTYRS OF THE POPULAR CROWD




    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a coalition of state law called the presidency of the Council of Ministers to adopt a resolution that includes the allocation of funds that will be deducted from the reduction of the salaries of the three presidencies to the families of the martyrs of the popular crowd.

    She said coalition member Hana Turki's (IMN) "The families of the martyrs of the popular crowd today desperately need the government to gesture to them through monthly salaries of the money will be deducted from the salaries of the three presidencies calculated."

    She explained that the Turkish "martyrs of the popular crowd have made the ultimate sacrifice for the defense of Iraq and the name list of the survival of the political process, and for everyone who have the source of the decision to compensate their families financially, including making them far away from the need of others."

    The Cabinet approved the reduction of the top positions salaries of the three presidencies of 50% to be the amount of remuneration of the President and the Chairman of the House of Representatives by salary and allowances of the Prime Minister, making the salary and allowances of Vice President and Vice President of the House of Representatives by salary and allowances of the Deputy Prime Minister.

    The Cabinet also decided to reduce the allocation of the minister and their grade and earn their salaries by 45%, that is how much they earned after reduction by a member of the House of Representatives salary minister.

    The Council of Ministers decided to reduce the allocation of agents ministers and advisers and those with special grades and general managers and their grade and earn their salary by 40%, as well as the reduction of staff in all functional addresses allocations in the three presidencies, bodies and departments associated by 30%.

    The Cabinet instructed the Ministry of Finance and the Office of Financial Supervision and financial units in presidencies, ministries and departments not associated with the implementation of the Ministry to reduce salaries with effect from 1.8.2015


    http://center-imn.net/1/?p=22023

  9. #9

    Re: The Dinar Daily, Wednesday July 22, 2015

    TERMINAL: WE ASPIRE TO BE THE NATIONAL ALLIANCE FOUNDATION




    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - the National Alliance MP Habib Terminal said we aspire and strive to be a national coalition government institution free from political differences, because the Alliance is the largest bloc in parliament and the political process, with more than 180 deputies.

    The Terminal's (IMN) "The National Alliance need to head has a special specification to manage its affairs and makes it a government institution supported."

    He explained that "the atmosphere within the National Alliance requires resolving internal disputes between the parties to this alliance, so as to reach a clear vision about the situation experienced by the constituent National Alliance political blocs."

    He said deputy state law Mohammed Chihod earlier, that important laws legislation needs to unite the efforts and ideas of the National Alliance, with the largest being a parliamentary bloc and the largest number of MPs.

    The MP for the rule of law Rubaie, that the meetings behind closed doors confirms that there is no agreement to choose any character to assume the presidency of the National Alliance, pointing out that this election cycle will end without any presidency of the National Alliance.


    http://center-imn.net/1/?p=22060

  10. #10

    Re: The Dinar Daily, Wednesday July 22, 2015

    DEPUTY FOR IRAQ: THE GOVERNMENT IS COMMITTED TO THE MINISTERIAL POWERS



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Iraqi List MP Raad Aldhlki said that the Baghdad government is committed to the validity of the federal ministries, noting that the current situation was one of the reasons for delay in the transfer of powers to the provinces.

    And between Aldhlki's (IMN) that "most of the political blocs agreed to transfer some of the powers of the federal ministries to local governments, but the government is committed not to transfer those powers at present, due to the current situation of the country."

    He continued that "the government is witnessing significant challenges as a fighter terrorist Daash gangs in the north and west of the country, as well as the displacement of huge numbers of families after being exposed to the brutality of these gangs," explaining that "the government is unable to transfer a wider powers to the provinces in the light of the challenges faced."

    And the collection of a coalition of state law 55 signatures earlier, to pull the lawsuit filed against Law 21 for the year 2013 to transfer powers from the central government to the provinces.

    The Commission said the parliamentary regions earlier, if there is difficulty in transforming powers of service ministries to the provinces this year for lack of provincial laws give broad powers in the implementation of strategic projects.


    http://center-imn.net/1/?p=22072

Posting Permissions

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