The Dinar Daily, Tuesday January 13, 2015
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  1. #1

    The Dinar Daily, Tuesday January 13, 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.

    https://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.

    https://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



  2. #2

    Re: The Dinar Daily, Tuesday January 13, 2015

    Currency Auctions

    Announcement No. (2864)

    The latest daily currency auction was held in the Central Bank of Iraq on the 13-1-2015 results were as follows:


    DETAILS NOTES
    Number of banks 9
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 108,383,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 108,383,000
    Total offers for selling (US$) -----
    Market Rate 1227

  3. #3

    Re: The Dinar Daily, Tuesday January 13, 2015


    sczin11- OPINION PIECE............


    WHAT ARE WE WAITING FOR?....WHAT IS THE TRIGGER?

    Yesterday I made the following post...........

    Let's think about this... A couple of weeks ago, news that Chalibi was accusing CBI Governor of having fake certifications for his daughter and himself... (THE CASE BEGINS AGAINST MALIKI'S CREW)... Right before that release, Dr. Shabibi is acquitted and released of charges against him...Maliki and "His Crew", retaliate, by filing appeal against Dr. Shabibi, with the High Court, headed by "His Man", Judge Mahmood... The media propaganda continues, and even the Wall Street Journal publishes article stating Maliki is lining up his ducks, waiting for the right time to take back the government...Hakim comes out with a HUGE statement on Saturday, praising the NEW REGIME, Abadi and the New Iraqi Government, "proves democratization and stability of the government" and Sunday comes back with another HUGE statement about Maliki, "because they have become a minority is impressive and the number does not exceed the fingers of one hand.".....Judge Mahmood, appears to be drifting away from Maliki's court, announces complete discharge of any case against Dr. Shabibi, and states Maliki's son will be the first to be investigated in monetary corruption...Will he turn on daddy?...time will tell...Saudia Arabia, after 25 years GONE from Iraq, RETURNS and is given buildings for the Consulate/embassies and staff...Bank executives are running, and/or being arrested for corruption...News today that Maliki assigned 200 proxy votes in the government while he was in charge of the "caretaker government", the time between the elections on April 30, 2014 and the time Abadi was ratified, and they will all be investigated NOW! Articles daily about the problems with the Banks, the corruption suspected, the funneling of money out of Iraq, the re-capture of some of the missing dollars/dinars, as witnessed by todays article below.... ...... Let's put this all together, although I could go on and on, and think "outside the box.." News is released, not only when they want us to know, not only what they want us to know, BUT, for the most part, AFTER IT HAS OCCURRED... That being said, the case against the Maliki regime, well thought out and planned, appears to be coming to a head...It has been worked on for months, it obviously has been executed, and quite possibly, the final chapter is upon us! There must be "good cause" to bring down the governor of the CBI, by the Council of Ministers...Do you see where this all is going? It is almost time to bring on Dr. Sinan AL Shabibi!

    ______

    AND TODAY LOOK AT THE NEWS THAT WAS RELEASED TO THE WORLD.....


    ______

    sczin11- Now we begin to hear, the CASE against the Corruption in the CBI.... Stay tuned Folks, IT ONLY GETS JUICIER! WELL, IF THE CORRUPTION EXISTS, AND THEY HAVE THE CASE LAID OUT, WHAT COMES NEXT? THE COM CAN NOW REMOVE THE CURRENT GOVERNOR OF THE CBI, FOR JUST CAUSE..... AND WHO IS WAITING IN THE WINGS?........THE PUBLISHER OF THE MONETARY REFORM, THE ECONOMIC EXPERT WHO WROTE THE PLAN, THE IRAQI PEOPLE'S FRIEND, DR. SINAN AL SHABIBI!....

    Parliamentary Integrity: The Council of Representatives will discuss the corruption of the central bank soon


    According to a member of the Finance Committee in the House of Representatives Mohammed universe orbit, on Tuesday, that there is a corruption of files in the Central Bank and will be discussed in parliament soon.



    He told the orbit / information /, "The central bank issue a thorny issue,



    we have to collect information
    to be presented to the House of Representatives we started, but at the moment we can not give any details about the case.
    "


    He added that "there is a special administrative corruption and money transfer and sale

    of currency and money laundering also files
    ,

    but the details mentioned in a timely manner." Ended a 25

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415273&usg=ALkJrhhEq9xY4yuqFdbmC7wJ62Ojq7rEDg

    Last edited by sczin11; 01-13-2015 at 06:55 PM.

  4. #4

    Re: The Dinar Daily, Tuesday January 13, 2015

    Parliament prepares to discuss the oil and gas of the Federal Court Rules

    MP Ali al-Badri

    Tomorrow Press / Baghdad:
    Prime advocacy organization inside the party bloc MP Ali al-Badri, on Tuesday, that the House will approve the laws of the Federal Court and the parties, oil and gas and the Federation Council in the next few months revealed.

    He said al-Badri, for "tomorrow Press", "The political agreement was to speed up the enactment of the laws of the Federal Court and the parties, oil and gas and the Council of the task dialectical Union that are in the restoration of the political process."

    He added that "all of these laws Basttina law of parties are waiting for the government and sent in the coming days."
    He continued that "the cause of the political crisis facing the country Alaguetsadayh delay in the failure to approve these laws in the previous period," calling on the government to "urgently to pass these laws in the cabinet so that the parliament discussed and voted upon."

    It is noteworthy that many of the laws stalled in the past because of the many differences between the legislative and executive branches.

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415264&usg=ALkJrhi3F-R2tH-4QlnD_IZT_Bomqnyo-w

  5. #5

    Re: The Dinar Daily, Tuesday January 13, 2015

    sczin11- THEY ARE CALLING JUDGE MAHMOOD, OUT ON THE CARPET, CLEARLY ACCUSING HIM OF KISSING YOU KNOW WHAT, JUST FOR THE SAKE OF KEEPING HIS JOB!

    "
    You can fool all the people some of the time, and

    some of the people all the time, but you cannot fool all

    the people all the time."


    Abraham Lincoln

    Leader of the Supreme Council: Medhat al-Mahmoud flatters the owners





    BAGHDAD - ((eighth day))

    Accused of the Legal Committee of the House of Representatives member Salim Shawki, on Monday, Head of the Judiciary Medhat al-Mahmoud as "flattery" to the government of former Prime Minister Nuri al-Maliki in order to stay in office.

    Shawki said that "the head of the judiciary Medhat al-Mahmoud was a toady of the previous government in order to stay in office, and that his remarks yesterday indicate this, because it acknowledged the existence of a previous pressures exerted on the judiciary, and many of the provisions were wrong and the injustice."

    He added that "an apology to those who ruled for a short period or tarnished reputations totally unacceptable",

    Shawki He explained, "We're conducting reforms in the judiciary and Senbdoha of the Federal Court."

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415251&usg=ALkJrhjvWJMpS3wesL9za9yqVSo7Mg8z0g
    Last edited by sczin11; 01-13-2015 at 12:35 PM.

  6. #6

    Re: The Dinar Daily, Tuesday January 13, 2015

    Urgent .. infallible up to parliament and meet with the Presidency



    {Baghdad: Euphrates News} President Fuad Masum, arrived Tuesday morning, to the House of Representatives.


    He said early parliamentary source told the Euphrates News} {today that "the President Fuad Masum, arrived Tuesday morning, to the House of Representatives, and met with the Presidency."
    He added that the "infallible discussed with the Presidency of the Council of Representatives of the political situation and the outcome of the discussions on the adoption of the budget 2015.anthy

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415166&usg=ALkJrhiSNz1fAXE5NUBcB2zCtUY0ug4KFw

  7. #7

    Re: The Dinar Daily, Tuesday January 13, 2015

    President infallible Parliament up to discuss the federal budget

    President Fuad Masum

    President of the Republic, Dr. Fuad Masum, arrived Tuesday in the House of Representatives to discuss the federal budget file.
    He met with President of the Presidium of the infallible House of Representatives, where it will be discussed during the meeting the political situation, and security developments, as well as national reconciliation file, and also will meet with President infallible head of parliament Saleem al-Jubouri to discuss the federal budget file.

    The head of the House of Representatives Saleem al-Jubouri said on Sunday that the national reconciliation of the basic issues that the House of Representatives Saouliha interest in dialogue, we are among the fans on the prospects of sustained dialogue between who is a participant in the government and the House of Representatives and also the opposition and lead the coming days to the results to be clear and information.



    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415134&usg=ALkJrhhhspymbpN1NCv-EyQR5OaRpQQ0kg

  8. #8

    Re: The Dinar Daily, Tuesday January 13, 2015

    Iraqi banks Association elects new administrative body that has



    BAGHDAD / Source News / .. General Authority of the Association of Iraqi private banks held a meeting Saturday morning, a building of Dar es Salaam bank in Baghdad to elect a new administrative body.
    A source in the body in a press statement that "the exact date has been based on the agreement, which was at a meeting the Department of non-governmental organizations on Monday of last week, morning, with the participation of members of the Association, was emphasized during which the need for banks and strengthen the reunion of the position of the Association and help them achieve its goals. "
    "The General Assembly meeting representatives of 31 Iraqi banks a special addition to the participation of representatives of Arab and foreign banks operating in Iraq and corporate chock banking business." Finished / 19 Q

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415003&usg=ALkJrhgUJQ4FdWnSe5eszR44wYJPpaK17A



  9. #9

    Re: The Dinar Daily, Tuesday January 13, 2015

    Parliamentary Finance meets to discuss the final wording of the draft budget



    Parliamentary Finance Committee met on Tuesday, for the purpose of discussing the final wording of the draft budget law.
    The committee member said Jabbar al-Abadi, told all of Iraq [where], "The committee held its meeting in order to discuss the finalization of the draft federal budget law for the current year 2015".

    The House of Representatives has ended in its meeting yesterday, the second reading of the budget in 2015 after completion of the discussion by the political blocs in several previous sessions while granting Parliament Speaker Salim al-Jubouri, the Finance Committee of time an opportunity to submit its final report on the budget and taking into account the comments of the House of Representatives that the Committee convene ongoing sessions hosted by the ministries concerned are to discuss the budget Almalah.anthy 2

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415333&usg=ALkJrhhiyfWHJNZhsQSCWgHMv75unErUGw

  10. #10

    Re: The Dinar Daily, Tuesday January 13, 2015

    Cabinet unanimously approves the establishment of Diwaniyah International Airport



    Cabinet unanimously approves the establishment of Diwaniyah International Airport

    Iqbal said Ghorabi MP for the National Alliance for the Diwaniya province 'Council of Ministers in its meeting today voted unanimously to set up Diwaniyah International Airport'.


    She Ghorabi that 'the Council of Ministers unanimously approved the establishment of Diwaniya International Airport with international standards'.


    It has become that 'the government has ordered the establishment of the airport in cooperation with the local government and the Investment Authority'.

    She pointed out that the coracoid 'Diwaniyah Airport will open the door for investment in the province. "

    The governor of Diwaniyah Ammar civil, revealed last Friday, the determination of the cabinet vote on the project of establishing a commercial airport Diwaniyah during its meeting Tuesday.

    He said civil The 'local government is waiting for the cabinet vote on the airport project in the province after that all the ministers expressed their approval of the initial him', adding that 'round we've made ​​and to meet with a number of ministers and heads of the parliamentary bloc came out good results will contribute a lot in the birth of the project'.

    The cabinet included project Diwaniyah civil airport within its agenda at the meeting on Tuesday for a vote.

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=https://www.faceiraq.com/inews.php%3Fid%3D3415439&usg=ALkJrhjQhAmexmDARO6PhNaV3MvDvSfXjQ

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