Thread: Iraq/Dinar Until June 9th 1PM CST

يةPreparations for the conference calendar for the performance of Iraqi banks
بزنس واقتصاد - 02/06/2007Business and Economy-02/06/2007



بغداد- الملف برسBaghdad-file Press

The Executive Director of the Association of Banks Iraqi Special Abdelaziz Alhasson that preparations and extensive preparations are underway to hold the conference calendar for the performance of banks for the current year, and to discuss the challenges they face in light of the new changes and economic reforms required, in line with the reality stage experienced by the country.

And added that the banking performance is now below the level required, although the results were fantastic achievement profits rewarding unrealistic because banks will cover losses if the reports true, stressing the need to discuss the legal texts of the Central Bank and Iraqi banks, because the way in which translated by these laws for removing the need to review and complete some shortcomings.

Alluded to the difficulties faced by the Iraqi banks for the debt due to the debtors repaid, pointing me that the conference will contribute to supporting and enhancing the role of ASEAN through material support and moral backing. what enables it to perform functions at the bank, before the sectoral supervised as one of the organizations of civil society specialized economic affairs.

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Originally Posted by fredgwest1999

From Luna's Post....

The amendment to the Constitution : all factions wanted to broaden the powers of the president

03/06/07

Within the continuous meetings of the amendment of the constitution before the

date of submission of its final report to the House on the 15th of this month,

the head of the Kurdistan Alliance bloc in Parliament d. Fouad Massoum that the proposal to hold a meeting of heads bloc, political leaders and heads of the major political parties will decide on the controversial points is that article 140 of the situation in Kirkuk and the sharing of oil wealth and water.

THERE IT IS...
ALL THE VOTES AT ONE TIME....
JUST AS THEY SAID IT WOULD BE
(LAST MONTH)
AN UP OR DOWN VOTE ON
THE WHOLE PACKAGE...

All along the President and the PM said that they had to votes and by packaging them all as one (with an up or down) vote on the entire package should insure it's passage....

Well within the 20 Days that the PM talked about and the deadline of 30 June that the White House gave them the other day.

THERE IT IS!

This would be the new draft law that President Talabani promised President Bush that the Iraqi people would complete ASAP. The 20 days of meetings started at least 10 days ago at the resort before the security file event. Good chance we can count back to the 19 of May. That document asked for 15 days which ends today. The best news is that the Iraqis must RV before the HCL is passed or they will loose billions. President Talabani and his council have called on all of the powers of the presidency and are using them. They have had the new draft law with the 4 issues bundled for a couple of weeks however they might have added more. The Presidential Council, headed by President Talabani signed off on the powers of the presidency document before he left for his US trip. All terrific.

jobs and immunity

Morning talk
Mohammed Abdul Jabbar carp
It seems that confidential dialogues conducted by more than one point with the armed groups operating under the title of "resistance" starting to bear fruit across the ceiling to reduce the demands and make it more realistic. That is the goal of President always dialogue

The negotiation between rivals and competitors in public life : the dialogue that will lead them to a common area, and one district, in which they conclude on the basis of a deal or a political settlement could be achieved from the demands of the parties concerned.
In such dialogues on the party does not expect to achieve all its goals or to obtain what they want. But reasonable, in the framework of the art of the possible, that each party to a possible Mutaliba, enough to sustain the bridges of trust and co-existence and work together, and finally achieve the political consensus.
The demands that these allegations against others, and can not be achieved unless the others, and the dialogues are common and mutual allegations opposite, and therefore must also be mutual acceptance. This mutual acceptance can be achieved only through mutual concessions, which it is possible to conclude a political deal.
I say this and I read a statement to President Jalal Talabani, in which it expressed optimism that an agreement soon be reached with the armed groups, revealing the progress that the "advanced steps" in Iraq, including dialogue with the armed groups to halt attacks against coalition forces. The president expressed optimism, saying : "We are coordinating and cooperating with military commanders Americans and Britons who are working to solve this problem, and I think that reaching a final agreement is imminent." According to American sources, the coalition leaders who conducted dialogues explained that the "rebels" demanded by giving them "jobs and immunity" for peace. Talabani described these demands as the price willing to pay, compared to the elimination of the "Al-Qaeda".

".

He said : "I believe that this so-called national resistance movement, the political process will be convinced to participate."
If it is true that the groups called "jobs and immunity", it means that they reached the center, and if it is true that the Taliban are willing to pay this price, this would mean that the government turn arrived in the middle. This is required by both debaters.
This means that the dialogue was able to overcome the demands unachievable, a point to record all interlocutors, including the armed groups to participate in the dialogue, as it means that the dialogue was also able to float the controversy over the multinational forces and to demand its withdrawal. This is also a point of record for all debaters.
Operating policy this way : dialogue with words, not bullets, and the demands are reasonable for implementation, and mutual concessions, and to seek possible, not the impossible, and then clinch deals settlement.
This is one of the features of democratic political life.

Translated version of http://www.alsabaah.com/

strategic new openness to the opposition forces

Reconciliation : high tempo behind the scenes.

Baghdad-Sabah.

The government is working to expand the powers covered by the draft national reconciliation within the strategic new Prime Minister Nuri al-Maliki applied for political reform is the equivalent of his rapidly to control the security file as a plan to impose law.

The newer step for national reconciliation openness to trends and parties and personalities rejecting the political process in a peaceful manner but, as confirmed by the Attorney Abbas Bayati, a member of the supreme body of reconciliation and dialogue.

He said body member, who asked to remain anonymous : that reconciliation is now at an escalated despite the failure to declare it officially, but its goal began lining up through verification of clans and political forces against terrorists, particularly al-Qaeda, pointing out that the coming days will witness the expansion meetings with personalities and strong opposition.

No member of the body to "Assabah" information that pointed to a semi-official contacts with the former Baathists in the last two days as pointed out by some agencies, But, he said : there were previous contacts with the Baath figures showed willingness to exonerate from the dissolved Baath Party and condemn terrorist operations and practices of the former regime in return for a return to Iraq and the political process. However, Abbas Bayati deputy coalition explained that the government started expanding the circle of communication with the armed factions and opposition figures. no blood hands Tttakh Iraqi people, without mentioning names.

Bayati describes the discussions held during the last period as positive and can achieve results that reflected positively on the ground, stressing that the coming days would witness more meetings, whether directly or through intermediaries.
The deputy from the coalition that these steps fall within a broader strategic new Prime Minister has begun to apply for political reform rapidly to support government efforts on security and economically.
To detect a member of the Higher Commission for reconciliation and dialogue Saad Yusuf from entering the members of the dissolved Baath Party in a dialogue with the government.
Youssef pointed in the statements cited Radio Sawa, that the government will be those in the event of successful negotiations human political process through elections. The Sharm El-Sheikh conference, which was held last month had stressed the need to support the recommendations within the national reconciliation process in Iraq.

Translated version of http://www.alsabaah.com/

President Barzani : no threat to the Kurdistan region of Iraq threat

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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PUKmedia : His Excellency the President of the Republic, Mr. Jalal Talabani and Kurdistan President Mr. Massoud Barzani, on the afternoon of yesterday, Sunday, the tourist resort of Dukan in Sulaymaniyah held a joint press conference during which they discussed many of the fundamental issues that concern Iraq and the Kurdistan region and ways to overcome obstacles to solving some problems and agree on a program of holistic common. On his visit to the United States, His Excellency President Jalal Talabani : I have outlined to President George Bush's Iraqi government for the solution of all outstanding problems, as well as coordination with the armed factions, which calls itself the (resistance) for a final solution to the armed actions endanger the lives of Iraqis at risk.

The talks also dealt with His Excellency legal oil and uprooting the Baath, said his Excellency : There are some basic points outstanding, which will take the road to a solution so that after the completion of the issue of national reconciliation which we are working out in earnest.
His Excellency : When we wish to ratify the Law of Oil and amendment of the law abolishing the Baath will be agreed with the factions and you hear and you see how broadcasters have fighting between the "Al-Qaeda" and now some of the factions. We do not want to announce the names to ensure the integrity of our brothers and they hope to reach an agreement soon with them.
And on the subject of convention security between Iraq and the United States His Excellency the President Talabani said : The Iraqi political leaders of political representatives on the Council for National Security decided to form a committee headed Aldectoradl Abdul Mahdi, Vice President of the Republic for the study of the Convention between Iraq and the security of the United States and the light that will determine the survival of American forces or the rules or reject Therefore, I have no comment now.
And on the application of Article 140 of the Iraqi Constitution, the Permanent His Excellency the President Talabani, it will be on schedule.
For his part, and on threats to the repeated Turkish Kurdistan Mr. Masoud Barzani, head of the Kurdistan : If there was any threat to the Kurdistan region means that the threat to each of Iraq, it would not stop the Iraqi government and the territorial government Mactufti indifferent to these threats and we wish to resolve the issues through diplomacy.
He added : "We believe, so far The deployment of Turkish still inside Turkish territory, but bombed some areas and border villages and this is a case of Iraqi and if we see there is any overcome this means that the waiver of the rule of Iraq is not an issue confined between Kurds and Turks only.
Arrived Mr. President Massoud Barzani's Kurdistan region before noon Sunday, the resort Dukan, accompanied by Mr. Najirfan Barzani, head of the territorial government and a number of members of the political bureau of the Democratic Party of Kurdistan. The reception in the President Barzani and the delegation accompanying him, His Excellency the President of the Republic, Mr. Jalal Talabani, and a number of members of the Political Bureau and the leadership of the Patriotic Union of Kurdistan.
A meeting between the political offices of the Patriotic Union of Kurdistan and the Kurdistan Democratic Party under President Talabani and Barzani, to discuss developments in the Iraqi situation and the process of revision of the Constitution and the law of oil, in addition to examining the results of the president's meeting with Talabani, President George Bush as well as the results of the visit of Iraqi Prime Minister Nuri al-Maliki to Irbil and meeting with the President of the Kurdistan.

Translated version of http://www.sotaliraq.com/

Task forces backed plan to impose law in Baghdad

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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Follow Union : supporters formed committees to plan the security of Baghdad, a number of task forces in various areas to upgrade mission and success of the plan as well as to expand the participation of civil society institutions in the attribution of the plan. The representative of the Ministry of State for civil society and a member of the supporters of the plan to impose law Faris Abbas Amin "that the Committee formed working groups dealing forcibly displaced The unemployed labor and detained suspects who were found guilty in addition to a mean public services and the opinion of social and economic affairs of the citizens. "

Abbas reiterated the need to broaden the participation of the institutions of civil society and NGOs in promoting the concepts of partnership and cooperation.

Translated version of http://www.sotaliraq.com/

Mon considering strengthening the United Nations presence in Iraq

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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Blencia-Reuters-attributed to the Secretary-General of the United Nations that Ji Moon said yesterday that it was considering strengthening the United Nations presence in Iraq following appeals to the United Nations to increase the size of their operations there.
He said that in an interview with the mandate. Bi. CNN Spanish that he hoped to allow amendments to the Iraqi constitution for the country that the rule of law and order. He said that the government must involve leaders of different management policy in the country.
The ratios to say that the United Nations has played a crucial role ..

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A constructive role in assisting the Iraqis in the government.
He added that the activity is restricted because of the situation on the ground ..

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But after I went to Iraq and I saw the situation myself, I was thinking of how we contribute to increase our presence there.
Last month, the American Ambassador to the United Nations Zalmay Khalilzad had that the United Nations to expand its operations in Iraq

Translated version of http://www.sotaliraq.com/

Iraqi government contacts with the semi-official Baath wings

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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Baghdad-b a d-Sources in the Iraqi government statements published yesterday, Sunday, revealed a semi-official contacts between the government of Nuri al-Maliki and flank followers of the Baath Party dissolved manned Younis al-Ahmed and Mizher Matani Awad.
Quoting the life of London newspaper yesterday from these sources, which did not name, saying that the wing shown willingness to change the party's name and condemn terrorist acts and practices of the former regime in return for a return to Iraq and the political process.
The newspaper cited sources saying one of those that met in mid-May with the last Mezher Matani Awad and discussed various topics, describing the meeting as positive.
Life Newspaper quoted the source as saying that the Iraqi government of Baathists who have been negotiating with several demands to halt the prosecutions against them, and amending the Law dismissed Baathists to include only those who hurt the Iraqi people and committed crimes during the rule of Saddam Hussein, the right to return to Iraq and the exercise of political action.
On the other hand, the Iraqi source revealed that the envoy Izzat Douri, the most prominent of which are still fugitives from the former regime officials in Iraq. he met recently with representatives of the Baghdad government and briefed on the conditions for joining the political process including the withdrawal of foreign forces from Iraq or setting a timetable for getting out and declare general amnesty for all political prisoners and the return of constitutional amendments that would allow the party to political action and repeal Section own constitutional federalism.

Translated version of http://www.sotaliraq.com/

Ma'sum : a high political had resolved all points

(صوت العراق) - 04-06-2007

(Voice of Iraq) - 04-06-2007

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Moussa : the possibility of compatibility available .. Jabouri : a desire to expand the powers of the president .. infallible : a high political had resolved all the contentious points in the Constitution

Baghdad / Range and agencies
Within the continuous meetings of the amendment of the constitution before the date of submission of the final report it to the House on the 15th of this month, the head of the Kurdistan Alliance bloc in Parliament d. Fouad Massoum that the proposal to hold a meeting of heads of blocs, political leaders and heads of the major political parties will be to decide on the controversial points is that article 140 of the situation in Kirkuk and the sharing of oil wealth and water.
At a time in which the Secretary of the Iraqi Communist Party, Hamid Majid Moussa noted that the possibility of reaching a consensus on constitutional amendments available as the spokesman for the Iraqi Accord Front d. Salim Abdullah that all political parties want to avoid any political or constitutional crisis through discussions between the political blocs on the constitutional amendments

The head of the Kurdistan Alliance bloc in the House of Representatives, Dr. Fouad Massoum that he sent a message to the Kurdish leaders, on the controversial contract from the viewpoint of members of the Kurdistan Alliance, which is not to find solutions for it in the constitutional amendments.
Massoum said in a press statement : Decade controversial from the viewpoint of Kurds focused on the budget and Peshmargas, and the theme of water and oil wealth, in addition to the fate and future of the city of Kirkuk.
He denied Massoum have been presented to the Kurdish leadership any suggestions on controversial subjects.
Massoum, who heads the Subcommittee on the Constitution was drafted, the formula said that crystallized on Article 111 of the Constitution on the subject of oil and sharing of oil wealth, are :
First : Oil and gas are the property of all the Iraqi people

Second : The federal government collected oil imports and distribution on all Iraqis equally according to the law of the state budget in a transparent and equitable proportion to the population distribution in the provinces.

Third : transformation (being flow) quota in the budget to the provincial and district territory is not linked to as an effective and transparent manner.

Fourth : allocate a percentage of revenue to maintain productive as compensation for damages.

Fifth : allocates a (share) for a specified period of the areas affected, including the disadvantaged and believes the balanced development of different regions in the country.

VI regulates contained in this article law.
As for the drafting of article 112 supplemented with article 111 says that it is infallible, as follows :

First : The federal government with provincial and district government relationship with the management of all oil and gas operations.

Second : The federal government with provincial and district government of the relationship together and agree policy strategic outlook for the development of oil and gas wealth certified latest techniques of market principles and encouraging investment for the benefit of the Iraqi people and all the people of all regions of Iraq.
But the head of the Kurdistan Alliance pointed out that there are still different points, and said that there was a proposal to hold a meeting of heads of blocs, political leaders and heads of the major political parties and actors to decide on the contentious points which is Article 140 concerning the fate and the future of Kirkuk, and the subject of sharing oil wealth and water.

He pointed out that the issue of water is still there specifically points related formulations Iradalagreem it, pointing out that he would be listed powers water management file federal government with regard to international waters or riparian with other states, as well as for water beyond the territorial limit. The water inside the territory, the powers of the territorial government will be confined only.
Dr. Massoum and detect the emergence of other contentious points relating to the powers the president, said that the discussions within the Commission on constitutional amendments, produced two :
I called to be the President of the Republic the power to be Commander-in-Chief of the armed forces and direct supervision of the various security agencies.
While the Panel finds that the second such order requires fundamental changes and the conversion of the regime in Iraq to Republican presidential, and therefore there must be direct elections for the President of the Republic, which strongly opposed the opinion first.
He explained that the immune-depth discussions on this particular point showed opinion Thirdly perhaps longer compromise between the two views, calls for giving certain powers of the President of the Republic, which also existed across the State Administration Law, which gives the President the right to examine the decisions on the overall command of the armed forces, As entrusted by the validity of the appointment of officers and retirement.
And Dr. Fouad Massoum that in the event of the political meeting at a high level, it is possible to reach agreements and consensus can overcome obstacles and solve all these problems.
He pointed out that the government, Iyad Allawi, and Ibrahim Jaafari has adhered to the terms of Article 58 of the State Administration Law, which turned to be Article (140), and that despite the relatively low survival period for the completion of the constitutional deadlines set for implementation of article seven months. the position of the Kurdistan Alliance within the meetings of the constitutional amendments was firm, and the coalition insists that "no amendment .. not disrupt .. no postponement."

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The letter explains that "was expected to make recommendations to the Presidency of Parliament.
He pointed out the existence of sharp differences between the Vice-President Adel Abdel Mahdi and Tariq Al-Hashmi withheld from areas around the city of Karbala and linked to the limits of Anbar province prevented achieve unanimity in the Presidency of those recommendations, and that light is needed to arbitration and this takes a long time, " explaining that "there are two proposals on this article posed by Iraqi parties :

First is the extension of the implementation of Article 140 to another year.
The second make Kirkuk during the year 2007 territories with a special re-link district and sub-district withheld, and three years after the inhabitants of Kirkuk through popular referendum to decide the fate of maintaining attachment Kurdistan province or refuse placement. "
The head of the coalition "that the very sensitive issue of Kirkuk, where people looked forward to the return of the territory of Kurdistan, but have not left us only 7 months must be resolved matters and the need to reach agreement
The point of the budget and s, d said. Massoum they propose adding the words "and be part of United Defense and National Security" on the text of the fifth paragraph of Article 121 to read as follows : "competent territorial government with all the administration of the province, particularly the establishment and organization of the internal security forces, such as police and security guards, The guards Territory part of the United defense and national security. " the other said Hamid Majid Moussa, secretary of the Iraqi Communist Party (long) that the possibility of reaching a consensus on amendments to the Constitution were available and many of the points which was signaling that it was controversial to reach them through direct dialogue, Moussa pointed at the same time that the consultations between the heads of blocs to emphasize the acquisition of amendments to the satisfaction of all representatives.

He added that the 15th of this month is the deadline for submission of the amendment of the constitution its final report to the House of Representatives, described the atmosphere that prevailed in the work of the positive adding that 50 amendments were introduced by mutual agreement and put forward proposals on the powers of the President of the Republic, which is still under study, In this regard, Musa said that the powers of the President and other officials linked to the system of full political and adjusted according to this concept, but added : irrespective of the acceptance of this idea, with the desire to maintain the current structure, there is a clear desire to expand the powers of the president, which is being developed by dialogue. For his part, spokesman of the Iraqi Accord Front in the parliament d. Salim al-Jabouri that all political parties want to avoid any political or constitutional crisis through discussions between the political blocs, he told Salim (long), the accomplishments of the Commission on the amendment of the constitution and there is considerable debate from all parties on the outstanding issues, He pointed out that some members of the Constitutional Commission of lists of authorized to discuss political issues discussed, with the Kurdistan Alliance those issues will be discussed during the coming period with Dr. Tariq Al-Hashmi.

The spokesman of the Accord Front to the Front Alarakihan desire to transfer the powers of the President to legislative oversight, but returned and said that fixed formula not yet been decided.

Translated version of http://www.sotaliraq.com/

Originally Posted by cashNsoon

Man that is on the money and in line with the rumor mill! I like your way of thinking. Now just call Shabbi and tell lets get a move on it.
SDR=Sudden Dinar Reval

Thanks

Since SDR came up today as a topic of discussion I thought some might enjoy this article. I believe it simplfies what SDR is and how it works.




Special drawing rights : Here's a good way solve the dollar problem

By Robert Hunter Wade International Herald Tribune Thursday, February 12, 2004



Special drawing rights : Here's a good way solve the dollar problem


The Group of 7 finance ministers' meeting last weekend in Florida brought the tension over the dollar into the open. European and East Asian leaders are alarmed at the prospect of a continued fast fall in the dollar's value.
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As the euro shoots up against the dollar, European industry loses competitiveness against U.S. and East Asian industry. As China maintains the peg between the yuan and the dollar, its foreign exchange reserves mushroom — but in the form of devaluing dollars. Yet the size of the U.S. deficits, the Federal Reserve's commitment to holding interest rates low and the fragility of America's current recovery mean that a continued fall of the dollar is likely.
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These conditions make it a good time to reopen the discussion about shifting the international reserve currency further away from a dollar base. A substantial expansion of Special Drawing Rights, or SDRs, is one fairly straightforward way to do this.
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SDRs are a form of money that the International Monetary Fund's board of governors can create by crediting accounts of the Fund's member states, at an exchange rate determined by a basket of major currencies. They were intended to provide an international money not tied to the currency of a particular country, such as the U.S. dollar. Today they are of marginal importance, but in the 1960s they constituted a hot item of debate among the cognoscenti.
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The dollar-gold exchange standard put in place after World War II contained a contradiction. If a national currency is available in good enough supply to be the international currency, the country must be running a deficit, so the currency is vulnerable to a fall in value and to the macroeconomic policies of the national government. On the other hand, if a country is running a surplus and the currency is strong, it will be scarce and not available as an international currency. In concrete terms, the supply of dollars to the rest of the world depends on the U.S. deficit, while the stability of the dollar depends on the U.S. ability to return to surplus.
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The realization of this in the 1960s prompted the search for an alternative form of internationally acceptable money to supplement the dollar as the U.S. deficit was brought under control.
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Countries that are in deficit can transfer their SDRs to surplus countries, and the latter must provide them with convertible currencies in exchange. The deficit country governments must repay the currencies and pay interest on the SDRs they have disposed of.
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In this way deficit countries can cover their deficits and maintain a higher level of economic activity than would otherwise be possible — provided the surplus countries are prepared to extend credit in this way and provided the deficit countries pay their interest and eventually repay (or reacquire) the SDRs.
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In practice the use of the SDR scheme has remained tiny, relative to total international aid and loans. But the financier George Soros proposed in his 2002 book "Soros on Globalization" the expansion of SDRs as the centerpiece of a raft of proposals to improve the world economy. He concentrates on how rich countries could use newly created SDRs to raise the supply of "global public goods."
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According to Soros's proposal, rich countries would donate their SDRs to a trust fund managed by a board of "eminent persons" (not state representatives); and the rich countries would pay the interest on the SDRs. The board would draw up a menu of worthy projects with a high quotient of global public benefit — for example, a tuberculosis eradication program in Africa. Rich country governments would then select from among the menu of projects some that they individually wish to support.
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At the point when the SDR allocation was made to each project, the sponsoring rich country would have to pay the recipient (or the trust fund) in U.S. dollars or its own (hard) currency the equivalent amount at the going SDR exchange rate determined by the basket of major currencies.
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So the new scheme would not alter the economic character of SDRs: The rich countries have to pay for them with their own currency once the SDRs are put to use. and at that point they become a charge on the national budget; the SDRs are not "free" for the rich countries.
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What would be the rich countries' incentive to endorse the scheme? The response to the idea from rich-country governments has been a deafening silence. But a public campaign in favor of a new SDR issue could change minds, the way the Jubilee 2000 campaign for debt cancellation did.
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The Soros proposal is very modest compared to what would be needed to establish an international currency not tied to the dollar. But it could be a first step, and the debate about its pros and cons could help to ignite a larger public discussion about the social purposes of an international payments system.
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*
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The writer, a professor of political economy at the London School of Economics, is author of "Governing the Market."