The Dinar Daily, Friday July 24, 2015
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  1. #1

    The Dinar Daily, Friday July 24, 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 1271.173 1270.538
    British pound GBP 1819.660 1818.750
    Canadian dollar CAD 895.133 894.685
    Swiss franc CHF 1214.836 1214.229
    Swedish krona SEK 136.252 136.183
    Norwegian krone NOK 142.845 142.773
    Danish krone DKK 170.363 170.278
    Japanese yen JPY 9.418 9.414
    Special
    Drawing Rights
    SDR 1624.285 1623.472

    Indicative rates - (as of) 23.07.2015 (no change as of 7/24/2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (3000 most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 23/07/2015 results were as follows: (No change as of 5.25 a.m. CST 24/07/2015)

    DETAILS NOTES
    Number of banks 24
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 265,667,238
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 265,667,238
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-25-2015 at 11:12 AM.



  2. #2

    Re: The Dinar Daily, Friday July 24, 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
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    Re: The Dinar Daily, Friday July 24, 2015

    Former deputy: cut officials' salaries attempt prosthesis does not provide the public treasury considerable sums



    Friday 24-07-2015 | 1:21:00

    Twilight News / political Kurdistan Hamid Buffy felt that the reduction of allowances and the salaries of senior officials to address the financial crisis is not only an attempt prosthesis does not provide the public treasury considerable sums.

    The MP said the previous parliament in a press statement today, "There is no doubt that the financial situation - as is the case with the political and security situation - a troubled greatly and dangerously in Iraq, due to the worsening political, administrative and military, security and financial corruption rampant in every nook and detail of the joints of the Iraqi authorities, As observers of Iraqi affairs do not see any movements and activities and attempts at serious reform, but is keen everyone and strongly - but rarely of them - to get the rights and Amtyazat- unlawfully is right-for himself and his party and its mass and its region, religious, sectarian and national and made up without taking into account the preservation of public rights of citizens and maintenance of the supreme interests to the country and the people of all its components, and here there is no pessimism still master of the situation in Iraq. "

    He added that "the government's decision to reduce the officials and senior staff salaries closer to try prosthesis from being a radical solution to the problem, and perhaps intended to convince the people that the government understands the legitimate demands of citizens, the need to achieve a kind of social justice and it of its decision that seeks to achieve, is this fraud and misleading to the street Iraqi and fraudulent and deceit of the citizens, but laughed at chins, because the reduction of salaries in nominal (officials) is not considered a matter of great importance in the financial accounts in fact compared to the money they receive and Barvunha of other doors, such as petty offices, travel expenses and deputations, purchases and equipment, protections and cars, and both maintenance and rents, food and a dream and Aldiavatt and events ... and so from a variety of different allowances and expenses. "

    "So from duty - step Oolah- maintain the nominal salary as it is without adding or subtracting, and the reduction of all the other things in all areas by 50%, even reducing the financial corruption that exists, and provide the public treasury sufficient amounts of money to be paid to the poor and displaced people , and essential services, and to fight terrorism, and the fight against violence and extremism, and provide security and protection of human rights, and an end to chaos and violations, and raise the low salaries and increase in general. "

    He stressed Buffy "the need to speed up the legislation (salaries Uniform Act), and (the organization of the various Appropriations Act) for all state employees from the highest ranking to the lowest and all the institutions and the authorities in Iraq, and the multiplication of financial resources and to diversify its sources, and reduce unnecessary expenditures, and stop waste operations and wasteful, and work to adjust expenses and identified, and activating the role of integrity, and the principles of transparency and accounting procedures, and the accuracy of financial control, and the maintenance of public money in order to achieve social justice, and reduce poverty, who lives under the plan more than 20% of the Iraqi people live near the larger number, Iraqi citizens and to feel safe and psychological stability, tranquility and enjoy a dignified life free happy in oil country of the general budget about 120 trillion dinars. "

    http://www.ara.shafaaq.com/20321

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    Re: The Dinar Daily, Friday July 24, 2015

    Bahrain: No to al-Maliki's remarks crude



    Friday 24-07-2015 | 10:33:01

    Twilight News / Manama denounced Iraqi Vice President Nuri al-Maliki's remarks against Saudi Arabia.

    Bahrain said, citing their media that "these irresponsible remarks are a blatant infringement and abuse are unacceptable for all the GCC countries of the Gulf."

    She stressed that "these statements false and false claims are incompatible with the keenness of the GCC countries to strengthen their relations of the Republic of Iraq and build bridges of trust and cooperation between the two sides in all fields, as incompatible with the reality that emphasizes the active role and the leading role played by Saudi Arabia in supporting all siblings Arabs in the fight against violence, extremism and terrorism, and pioneering initiatives and its tireless efforts to bring security and peace not only in Iraq but in all Arab and Islamic countries, which is not denied, but ungrateful or spiteful. "

    Bahrain confirmed that "such crude statements do not serve the interests of Iraq and never its brotherly people, and confirm compliance with some Iraqi officials, including Maliki foreign agendas, which aims to create sectarian strife and tension export to the region."

    Bahrain and expressed the hope in the return of Iraq to exercise its active role in joint Arab action, away from those who are working every effort to remove him from the natural surroundings.

    http://www.ara.shafaaq.com/20290

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    Re: The Dinar Daily, Friday July 24, 2015

    $ 312 billion out of Iraq by the central bank auction



    Parliamentary Finance Committee revealed that nearly about $ 312 billion out of Iraq by the Central Bank of the daily auction for the sale of hard currency .

    BAGHDAD / Obelisk: the parliamentary finance committee, revealed that nearly about $ 312 billion out of Iraq by the Central Bank of the daily auction for the sale of hard currency, noting that there are suspicions that went mostly to money laundering .

    He said the Commission's decision MP Ahmed Rasheed in a statement meat I followed "obelisk", that "there is a huge waste of public money and the absence of complete financial control over some government institutions, especially the Central Bank .

    He added that "nearly about $ 312 billion out of Iraq by the Central Bank of the daily auction in recent months, including the public sector and another section of the private sector, and there are suspicions that most of the money went to projects illegally and laundering of money . "

    A government source had said in an earlier statement that 90% of dollar sales by the Central Bank of Iraq is of remittances and 10% cash sales only. "

    http://almasalah.com/ar

    BGG Notes: My take on this - they are getting sick of whomever is behind the pillaging of their coffers. The country starves while these crooks keep making off with all the dough... a key point another researcher made recently, they are actually selling more $$ in the auctions than they are pumping oil - figure that out.

    This is about to come to a head...

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    Re: The Dinar Daily, Friday July 24, 2015

    Shahristani: Getaway more oil passes through Turkey



    07/23/2015 21:25

    Kurdistan region did not abide by the agreement oil between Baghdad and Erbil.

    BAGHDAD / Obelisk: The Minister of Higher Education Hussain al-Shahristani, Thursday, that more Iraqi oil Getaway passes through Turkey, pointing out that the current year's budget did not achieve even the expected revenue.

    Shahristani said in a press statement, said that "there are points that smuggled oil and gas knowledge of the Kurdistan Regional Government to destinations in neighboring countries, and that more Iraqi oil Getaway be via Turkey," asserting that "the oil agreement between Baghdad and Erbil did not abide by the Kurdistan region of the first month ".

    He pointed out that "the agreement includes the establishment of the Kurdistan region to supply the federal government 250 000 barrels per day, and passes through the tubes of the Kurdistan region to the Turkish port of Ceyhan 300 000 barrels of Kirkuk, while the central government to give 17% of the expenses to the Government of the Territory."

    He added that "the federal budget for the current year have not achieved even in spite of the expected revenue to increase oil production due to the lack of the region's commitment to the agreement."

    http://almasalah.com/ar

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    Re: The Dinar Daily, Friday July 24, 2015

    Maliki's office: statements about Saudi Arabia were not the first



    07/23/2015 22:50

    Despite serious attempts to establish normal relations based on cooperation and mutual respect, but Saudi Arabia refused and continued its approach hostile and sectarian hostility in the political process in Iraq.

    BAGHDAD / Obelisk: Take the Information Office of the Vice President Nuri al-Maliki, on Thursday, the last remarks on Saudi Arabia as part of many positions previously adopted was not the first and will not be the last, as he emphasized that he does not need to use any functional title to express his point of view and will not carry any party responsible for his words.

    Media Office said in a statement seen by "obelisk", that "the reported remarks of Nuri al-Maliki on Saudi Arabia were not the first and will not be the last part of the many positions has already been adopted, including that of Saudi Arabia, including with regard to other countries in the region," He pointed out that he "has not made any reference to it represent the opinion of the Presidency or other official institution."

    The bureau added that "the position of al-Maliki, who headed the Iraqi government over 8 years, from Saudi Arabia resulting from the long experience and expertise of the details of the ambiguous relationship between the two neighboring countries, a reflection of the attitude of cash aimed at correcting this relationship through continuous reflection of the facts and the facts exposed by the official diplomacy of this State documents ", pointing out that" despite serious attempts to establish normal relations based on cooperation and mutual respect, but Saudi Arabia refused and continued its approach hostile and sectarian hostility in the political process in Iraq. "

    The office confirmed that "al-Maliki, and the attributes of the legacy of struggle great political experience goes on for dozens of years, my people and the weight of broad experience in top executive positions management, does not need to use any functional title to express his point of view in pressing his country's issues, it does not wish to hold any party responsibility for his words, "noting that it" wishes on the political leaders in Iraq to show their positions clearly about what is happening from the interventions in Iraq. "

    The Presidency of the Republic, announced on Thursday that al-Maliki's recent remarks about Saudi Arabia, "a personal and do not represent the official position", as pointed out pursuit of President Fuad Masum, to develop and establish better relations with Saudi Arabia.

    He was Vice President Nuri al-Maliki, said in a television interview with an Iraqi satellite television that "the root of terrorism and the root of extremism and the root of the atonement is of the Wahhabi sect in Saudi Arabia," adding that "the Saudi government is able to adjust this trend Wahhabi Takfiri" .. "Because of I pray that their inability to Saudi Arabia be under international guardianship, but will remain feeds terrorism funds from Saudi Arabia, "Saudi Arabia is growing at the expense of the House of God" .. "The world needs to treat the problem of terrorism in Saudi Arabia also seeks to solve in the world."

    http://almasalah.com/ar

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    Re: The Dinar Daily, Friday July 24, 2015

    Reference: the leaders of the blocks tackle corruption from their offices and reduce salaries "actually" no "word"



    07/24/2015 13:56

    The continuation of financial and administrative corruption in the country despite the current circumstances require a pause courage and daring and national officials to combat it.


    BAGHDAD / Obelisk: called religious authority, on Friday, to the need to acquire the decision salaries and allowances of presidencies and special grades reduce legal formula, and in making it warned of "ink on paper", and stressed the need attachable other resolutions.

    The representative of reference in Karbala, Sheikh Abdel Mahdi al-Karbalai during Friday prayers held in the courtyard Husseini Karbala, attended by local media, and pursued "obelisk", "The Council of Ministers' decision to reduce the salaries and allowances of the three presidencies and special grades must acquire the legal formula, so as not to be a nonbinding resolution serves the people and the media, and does not find its way to implementation, as happened previously with other decisions, "warning that" the decision to make a dead letter. "

    Karbalai and called for "the integration of this decision and other decisions of the check of social justice, including reducing the difference between the salaries," he said, adding that "there is a need to reduce many of the expenses that are not necessary especially in light of economic circumstances of the country."

    To that expressed reference, it deplores the continued financial and administrative corruption in Iraq, calling for the start of the fight against corruption from officials and leaders offices.

    Karbalai said that "the continuation of financial and administrative corruption in the country despite the current circumstances require a pause courage and daring and national officials to combat it", warning of "an uncertain future for the country in the event of the continuation of this corruption unchecked."

    He pointed out that "corruption has caused the fall of the cities that pay our children to restore their blood," calling on leaders and officials to "start the fight against corruption out of their offices," and stressed that "otherwise there is no hope in a nearby treatment."

    In the context of reference that were considered, the recent bombings that hit the capital of Diyala province and Baghdad as an attempt by "Daash" for "sectarian revenge" in response to defeats, while the government called to take several steps to maintain security.

    Karbalai and pointed out that "at a time check our armed forces, volunteers and the sons of the tribes more victories in different regions and liberate more territory than Conception Daash predicted in their ranks more losses these gangs are trying to saturate the instinct criminal compensation tithes defeat sectarian revenge of innocent citizens, young and old, men and women through bombings. "

    He added that "the government by force are invited to follow a policy of firmness and severe accounting for items that prove involvement or they may Tmahilt", stressing the need to "activate the intelligence side in areas with a high sleeper cells".

    http://almasalah.com/ar

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    Re: The Dinar Daily, Friday July 24, 2015

    Deputy for the rule of law: clears the presidency of Maliki's comments disappointing



    Date: 24/07/2015 12:06

    For information / Baghdad / .. considered an MP for the coalition of state law Emotions grace, Friday, clears the presidency of Vice President Nuri al-Maliki's remarks on Saudi Arabia "disappointing", warning that the release of terrorists, the Saudis who are in Iraqi prisons.

    Her grace in a statement received by the agency / information /, copy it, that "the position of the presidency of Maliki's remarks on the support of Saudi Arabia for terrorism and the need to be placed under international trusteeship was disappointing and was a big shock to the Iraqi street and the families of the martyrs who have fallen victim to terrorism and extremism, backed by Saudi Arabia and its allies," pointing out that " President of the Republic instead of the signing of the death sentences of those convicted on terrorism charges flattering Arabia on security and safety of the Iraqi people account. "

    She added blessing, "We were hoping to see a national stand for the President of the Republic expressed through the national affiliation, not national, but the shock came to complement the previous shock to meet with officials of the Government of the Kurdistan Qatari Ambassador who recently visited the region directly without coming to Baghdad, "arguing that" Kurdish officials are fully aware of the country's role in undermining the security and stability of Iraq and inciting sectarian strife between its components. "

    She blessing that "the presidency of the republic turn a blind eye About shameful scandals, published in the Wikileaks documents about the size of Saudi Arabia's intervention in Iraqi affairs, and we fear that the consequences of this Saudi Kurdish spinning be releasing terrorists Saudis who are in Iraqi prisons. "

    The Presidency of the Republic considered, on Thursday that al-Maliki's recent statements on Saudi Arabia "personal nor represent the official position. " Ended / 25

    http://www.almaalomah.com

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    Re: The Dinar Daily, Friday July 24, 2015

    US Defense Secretary arrives in Arbil



    Date: 24/07/2015 10:59

    For information / Baghdad / .. arrived US Secretary of Defense Ashton Carter, Friday, to the city of Erbil, the capital of the Kurdistan region of Iraq.

    An informed source told / information /, that "the US Secretary of Defense Ashton Carter arrived this morning, to the city of Erbil in Kurdistan, to meet Kurdish leadership. "

    The source added, "The Carter will meet with the region's president, Massoud Barzani, and a number of Kurdish officials."

    Carter had arrived on Thursday to Baghdad and met with Prime Minister Haider al-Abadi, and Parliament Speaker Salim al-Jubouri, and Defense Minister Khaled al-Obeidi tired. Ended / 25

    http://www.almaalomah.com/news

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