Sorry if posted already.....
Upon receiving chairman of the fair. Finance Minister confirms the completion of the budget in 2007
Baghdad / Suha Shekhli
Yesterday Finance Minister Baqer Jabr Al-Zubaydi chairman of the integrity Radi Nadi, Nadi and reviewed the procedures and in the fight against financial and administrative corruption, which contributed to the transfer of a number of those responsible for these crimes to justice to receive their fair punishment and the achievement of a just rule of law. For his part, Minister of Finance said that the ministry had completed the 2007 budget in a timely manner and presented to the parliament for approval and direct distribution to ministries and provinces to begin the process of implementing projects that contribute significantly to rebuild the infrastructure of the country.
The minister said that he had decided to send a copy of the budget to the integrity and financial control for the purpose of the follow-up process for its rate and extent of legal manipulation, which negatively impacted on the implementation of projects for previous years.
The Minister of Finance said that the body to create a culture of integrity, especially among workers in the state organs that include public funds belong to the people, and tampering with the crime punishable by law does not exclude any person from his position in the State.
Translated version of http://www.uruklink.net/
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16-01-2007, 09:48 PM #131
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16-01-2007, 09:49 PM #132
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Iraqi deputy expects rise in Iraqi dinar price by mid-2007
16 January 2007 (MENAFN)
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A Deputy in the Iraqi Parliament has expected the rate of the Iraqi dinar to continue to rise against the US dollar to reach 1200 dinars to the dollar by the middle of this year, up from 1480 in November 2006, Iraq Directory reported.
The deputy, who was addressing the Parliament in a session to discuss the general budget in Iraq during the year 2007, said that the high rates of inflation cam because of the unbalance between the nominal rate of the Iraqi dinar compared to its real one which prompted the Iraqi Central Bank to raise the value of the dinar gradually since November 2006 to reach about 1320 dinar per dollar in January 2007.
It is worth mentioning that there has been widespread demand among Iraqi investors and citizens to deal in Iraqi dinars instead of US dollars.
I wish they would tell us what the real rate is. ie.$3.22 or 0.31 ........
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16-01-2007, 10:35 PM #133
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16-01-2007, 10:47 PM #134
They have also said 1000 by the beginning of the year, 1260 by the middle of January, and of course that they want the dinar to revert to previous levels or AT LEAST on par with the dollar. How many times do people have to tell you that the GoI and the CBI aren't going to say "on January 20th the dinar will be equal to the dollar"? Just try to relax a little...
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16-01-2007, 10:47 PM #135
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Tuesday January 16, 2007
The Guardian
Today Iraq remains under occupation, and the gulf between those who profess to rule and those who are ruled is filled with blood. The government is beholden to the occupation forces that are responsible for a humanitarian catastrophe and a political impasse. While defenceless citizens are killed at will, the government carries on with its business of protecting itself, collecting oil revenues, dispensing favours, justifying the occupation, and presiding over collapsing security, economic wellbeing, essential services and public administration. Above all, the rule of law has all but disappeared, replaced by sectarian demarcations under a parliamentary facade. Sectarianism promoted by the occupation is tearing apart civil society, local communities and public institutions, and it is placing people at the mercy of self appointed communal leaders, without any legal protection.
The Iraqi government is failing to properly discharge its duties and responsibilities. It therefore seems incongruous that the government, with the help of USAid, the World Bank and the UN, is pushing through a comprehensive oil law to be promulgated close to an IMF deadline for the end of last year. Once again, an externally imposed timetable takes precedence over Iraq's interests. Before embarking on controversial measures such as this law favouring foreign oil firms, the Iraqi parliament and government must prove that they are capable of protecting the country's sovereignty and the people's rights and interests. A government that is failing to protect the lives of its citizens must not embark on controversial legislation that ties the hands of future Iraqi leaders, and which threatens to squander the Iraqis' precious, exhaustible resource in an orgy of waste, corruption and theft.
Government officials, including the deputy prime minister, Barham Salih, have announced that the draft oil law is ready to be presented to the cabinet for approval. Salih was an enthusiast for the US-led invasion of Iraq, and the Kurdish militia-led administration he represents has signed illegal oil agreements that it is now seeking to legalise. Given that parliament has not been meeting regularly, it is likely that legislation will be rushed through after a deal brokered under the auspices of the US occupation.
Iraq's oil industry is in a parlous state as a result of sanctions, wars and occupation. The government, through the ministry of oil's inspector general, has issued damning reports of large-scale corruption and theft across the oil sector. Many competent senior technical officials have been sacked or demoted, and the state oil-marketing organisation has had several directors. Ministries and public organisations are increasingly operating as party fiefdoms, and private, sectarian and ethnic perspectives prevail over the national outlook. This state of affairs has negative results for all except those who are corrupt and unscrupulous, and the voracious foreign oil corporations. The official version of the draft law has not been published, but there is no doubt that it will be designed to hand most of the oil resources to foreign corporations under long-term exploration- and production-sharing agreements. The oil law is likely to open the door to these corporations at a time when Iraq's capacity to regulate and control their activities will be highly circumscribed. It would therefore place the responsibility for protecting the country's vital national interest on the shoulders of a few vulnerable technocrats in an environment where blood and oil flow together in abundance. Common sense, fairness and Iraq's national interest dictate that this draft law must not be allowed to pass during these abnormal times, and that long-term contracts of 10, 15 or 20 years must not be signed before peace and stability return, and before Iraqis can ensure that their interests are protected.
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16-01-2007, 10:49 PM #136
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for some unknown reason,these people just don't get it....do they....like 1200 to 1 or 1300 will make that much of a difference to their people who live on nothing...its kinda like over here i guess...the rich want it all...and want to keep it like that...its apparent as long as this government[Iraqi] is safely in the ""GREEN ZONE "" that they don't care about their own people...as long as they r safe and are getting paid....that seems like thats all they r concerned about...they talk a good fight....but they don't do anything at all.....IMHO...Pat
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16-01-2007, 11:04 PM #137
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AS the time draws near for our expectations of th RV, Price of the DINAR vs the dollar, and a time line, and we do not get the NEWS that we are all Waiting to hear, We tend to get figgity, Nervous, frustrated, and sometimes down right ANGRY at ourselves, and Our personal expectations. This is a normal feeling and no one should blame anyone here for failed expectations or delays in expectations caused by the the People IN CONTROL OF THE EXPECTED RV. The RV of the DINAR Is everyone of our dreams come true, but the control is in the hands of the CBI and the finance minister of Iraq. We are drawing near People. No mater if it is a SLOW increase or a fast Increase. Let us pray for a HUMUNGOUS rise, but at the same time PLEASE be calm, cool , and collective. It will Happen when it it happens. enjoy the moment, and smell the roses of life. BOB
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16-01-2007, 11:05 PM #138
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Well said Biggie-Pat!
(....I miss that furry tail...nice to see you!)
Tiff
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16-01-2007, 11:22 PM #139
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16-01-2007, 11:48 PM #140
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Iraqi Investments
Frustrating,
Yes, it is, but how many times have we heard this statement only recently verses how many times we have heard much higher, and by the same officials, so what does it all mean, nothing, it will be what it will be and anything we are reading means very little, so yes, frustrating is a good description.
Good luck to all, Mike
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