Thread: Iraq/Dinar News. (before Jan.20,2007)

1. The banking and business community to show considerable interest in the proposal equality dinar dollar

Conference
.Finance Minister announced the Iraqi statement Zubaidi, <that the ministry and the Central Bank are considering a proposal to lift the value of the Iraqi dinar, and return to normal>.
.And Heymann told the minister to the concerns of the banking and business community, as well as citizens, fear of the Iraqi market due to the pressure of the implications of such a measure might lead to some sort of instability in trade exchanges, in estimating the value of the dinar exchange rate of foreign currencies, including the dollar. He described the High Director of the Bank of Credit Iraqi Fuad bono statement by the Minister of Finance <very important>, in terms of equality of the dinar dollar, pointing out <that it is pleasant to the hearts of Iraqis, who are looking to restore the strength of the Iraqi currency, as it was before the 1990s of the last century, he wondered whether the national economy in its current capable of the transition to equal dinar dollar>? Bono, however, has often including the Minister Zubaidi on the support and backing of the World Bank proposed this, and said :> The current study data make it wait to give a definitive opinion on the subject.

.The Director of the Bank of High Assyrian International Investment Zuhair Al-Hafiz, <Zubaidi minister that the proposal needs to pause and carefully take into account the implications of the security situation on the Iraqi economy, which make it unable to absorb any defects that might affect the business dealings in the absence of a proposal under advisement.

.He asked Acting Director of the Bank for International Investment Basra Badi intellectual :> Is that the international debt reduction for Iraq and the increase in liquidity resulting from the rise in oil prices, enough to take such a decision, such as>? He added <What is important in this connection to take into account a study that may result from the decision of equality dinar dollar, the repercussions on the local commercial transactions, and how to avoid any disruption to transfers of traders and banks.

Originally Posted by PAn8tv

Maybe this explains the delays

Iraqi Reformist on Arab Society and Social Schizophrenia

In an article titled "Arab Society and Schizophrenia," Iraqi reformist Dr. Abd Al-Khaleq Hussein, who writes on several reformist websites, argues that Arab society suffers from "social schizophrenia," - the symptoms of which are similar to those of individuals suffering from actual schizophrenia. He further argues that the Arab governments must immediately launch social and political reforms which will gradually lead to democracy in the Arab world. If significant reforms are not carried out, he says, disasters will continue to strike the Arab word, and democracy will ultimately be imposed upon it through violent upheavals, as occurred in Iraq. In the article, he also called upon the Arabs to accept the help offered to them by the West - and especially by the U. S. - with the aim of facilitating positive change that will permit them to integrate into the international community.

The following are excerpts from the article: [1]




"This Split Personality Disorder Characterizes Not Only Specific Sectors of Arab Society, But [Also] the Governments, the Institutions of Civil Society, and the [Political] Parties"

"'Schizophrenia' is a word in ancient Greek that means 'split personality'... but it is also used in the social sciences to describe societies afflicted by severe duality in their behavior and their [moral] standards. In fact, if we carefully compare the medical and social forms of this disorder, we will find that the symptoms are very similar...

"Iraqi social scientist Ali Al-Wardi was the first to characterize the Iraqi people as suffering from this severe social illness, which he labeled 'split personality.' According to his theory, Iraqis suffer... from a conflict between the Bedouin values that have been passed down through the generations and the cultural values that the Iraqi society has acquired...

"As an illustration, he presents the example of a young Iraqi who wishes to choose his own wife, just like an enlightened Western man, and to exchange love letters with her,... but when he hears that some other man has similar relations with his sister or cousin, he immediately turns into a 'Bedouin' and murders his beloved sister and her lover...

"This split personality disorder characterizes not only specific sectors of Arab society, but [also] the governments, the institutions of civil society, and the [political] parties, especially the Islamic ones...

"The social and medical forms of this disorder have similar symptoms. The most important of these is delusions from which the patient suffers... For example:"


"Delusions of Grandeur"

"A [schizophrenia] patient believes that he is exceptional and that others should treat him as though he is an important person. The Arabs also believe that they are more important than others in every respect. They [believe that they] are the best among nations..., and regard other nations with contempt. They acknowledge no religion [but their own] and are unwilling to coexist peacefully with other religions. [They believe] that their faith is the only faith that mankind should embrace, and that whoever fails to embrace it is an infidel.

"In other words, all other religions are heathen, heretical and fabricated, and their followers should abandon them and embrace the Arabs' religion - Islam. If they fail to embrace Islam, the Muslims are entitled to wage war upon them, to kill their men or convert them by force, to take their women hostage, to sell their children in the slave market and to plunder their property...

"This disparaging view applies not only to non-Muslims, but also to other schools of thought within Islam. Each Islamic school of thought is full of contempt and hostility towards the others. The Salafis and Wahhabis, for example, are convinced that the Shiites must be killed, and that whoever kills them will be rewarded in the world to come..."


"Paranoia"

"A schizophrenia patient believes that others are plotting against him with the aim of harming and killing him, even though he hasn't a shred of evidence to prove this. This is exactly what happens with the Arabs, who are addicted to conspiracy theories. Whenever a disaster befalls them, they claim that it was brought about by a 'hostile Western Crusader-Zionist' conspiracy. They [say this] without bothering to think rationally and determine the true causes for their defeat...

"A schizophrenic imagines that people have nothing better to do than to talk about him, gossip about him, and plot against him. Consequently, he lives in a constant state of intense doubt and suspicion towards others, including the people closest to him, such as his wife, whom he suspects of cheating on him... The patient believes that even broadcasts on TV or on the other media are directed personally at him.

"This is exactly what happens in the Arab society with respect to foreign ideas and books. No society places books and ideas under siege the way Arab society does. Arab airports and sea ports are known for seizing books from the passengers. The Arabs are famous for translating the fewest books and for showing the greatest hostility towards the foreign sciences, to which they refer contemptuously... as 'imported ideas.' In addition, no people burn books and persecute intellectuals with more gusto than the Arabs."


"Somatic Delusions"

"The patient imagines strange and illogical things, for instance that foreign bodies are moving inside him, even though there is no evidence to suggest this. Similarly, Arab societies and governments suffer from the illness of [constantly suspecting] espionage by foreign agents. This is why the Arab jails are full of political prisoners and oppositionists accused of spying for other [countries]. In the eyes of the Arab governments and societies, the political opposition and the liberal intellectuals are traitors and agents of foreign intelligence [apparatuses]..."


"Disorganized Speech"

"A [schizophrenic] patient's speech makes no sense. There is no connection between the sentences, and the hearer or reader cannot understand what [the patient] means to say. The Arab societies display the same symptom - [it is] even [displayed by] people who present themselves as intellectuals and writers. We read them with the hope of understanding what they mean to say, but to no avail... And when you dispute [their claims], they say that the problem lies not with the writer but with the reader, since he is shallow and insufficiently educated, and that is why he fails to understand the ideas of the important writers and intellectuals..."


"Loss of Human Feeling"

"This is another phenomenon spreading through the Arab societies. Unrestrained terrorism and cold-blooded butchering of innocent people in front of the TV cameras provide [further] indisputable proof that Arab society is afflicted with this dangerous disease. It should be noted that the famous religious scholar Sheikh Yousef Al-Qaradhawi advised to refrain from showing the killings on TV. This means that he supports these acts, but advises not showing them in this manner, since they give Islam and the Muslims a bad reputation. In the eyes of some, this makes Al-Qaradhawi a moderate cleric."


"The Patient Loses the Ability to Enjoy Activities He Enjoyed in the Past"

"This is also true of the Arab society today. During the course of their history, the Arabs used their powers of reasoning and exercised independent judgment in religious ruling [ijtihad]... in order to find rational solutions for existing problems. But a few hundred years ago... the gates of ijtihad were shut, the mind was shut down, and [clerics] began to rely exclusively on what was said by the founding fathers [of Islam] over 1,400 years ago, even if their solutions were inapplicable to contemporary problems..."


"Inactivity and Lethargy"

"Schizophrenia patients spend most of their time in idleness or slumber. Laziness,... sleepiness, fatalism and lack of productivity are also widespread in the Arab countries. A study published a number of years ago found that a Western worker is five times more productive than an Arab worker..."


"Loss of Zest for Life"

"This is a well-known tendency in Arab society. As bin Laden said in his address to the West, 'you love life, while we thirst for death.' This is an integral part of Arab heritage... This is why preachers in the mosques glorify death [in their sermons] to young people, [teach] them to hate life, and encourage them to carry out jihad terrorist operations..."


"Isolation From the World"

"Schizophrenia patients prefer to live in isolation from the rest of the world, and spend most of their time alone, detached from other people. They are uninterested in the company of friends and relatives, are unable to form friendships with other people or to maintain previous friendships, and do not care that they have no friends.

"All these symptoms are also prevalent in the Arab society, and are due to faulty education from an early age. Most textbooks for children and youth teach hatred towards others, and [encourage the reader] to avoid the company of non-Muslims. More than that, [they instruct the reader] to avoid greeting a non-Muslim, and, if greeted by a non-Muslim, to reply in an aloof and contemptuous manner. [They also teach that] if you shake hands with a non-Muslim, you must afterwards wash your hands. Directives of this sort are published by all religious schools - even by moderate clerics, and certainly by extremist ones.

"Arab culture also encourages isolation from the world. The world is divided into two camps: 'believers' and 'infidels'... Sheikh Al-Islam ibn Taymiyya encouraged [the Muslims] to hate the unbelievers, saying: 'When you spend time in the camp of the unbelievers - for purposes of medical [treatment], study or trade - harbor hostility towards them in your heart.'..."


"Denial of the Disease"

"Schizophrenia patients deny that they are ill, and believe that they are completely well. They are hostile towards anyone who tries to treat them or wishes to help them. Similarly, the Arabs are unaware of the duality in their behavior and standards, and do not realize that they are backward and require immediate treatment in order to overcome their backwardness and [to avoid] the disasters that befall them. Anyone who tries to draw their attention to their own backwardness... is accused of treason and of being a foreign agent, usually [an agent of] the 'imperialists,' 'Crusaders.' or 'Zionists.' Consequently, intellectuals have been persecuted in Arab countries throughout the ages..."


"Mental Paralysis"

"A [schizophrenia] patient is utterly convinced that his notions are correct, to the point of [mental] paralysis... The same [phenomenon] is also widespread in the Arab society, which believes that only its own culture and notions - which have been handed down from generation to generation - are valid, and tries to eliminate those who think differently... [Schizophrenia] patients are unable to understand abstract ideas according to their context, and take everything literally....

"A similar situation exists in Arab society, which cannot differentiate among various situations. Occupation of one country by another is a vile thing, but there are exceptional cases in which the occupation is necessary since it is for the good of the occupied country. This is true for Iraq, and for Europe during the Second World War. But Arab society regards the liberation of Iraq from an extremely vile, fascistic regime as an [act of] colonialism aimed at plundering [Iraq's] treasures and killing its people…"


Al-Zarqawi, bin Laden, and Al-Zawahiri Could Not Have Perpetrated Their Atrocities Without Extensive Popular Support

"Some may object [to my arguments], asking why I take the behavior of a single individual, a handful of people, or a group, [and present it] as the behavior of entire nations. Why do I ascribe the behavior of Al-Zarqawi, bin Laden or Al-Zawahiri to all Arabs? Why do I present the sin of one cleric as the sin of all clerics?

"[But] the truth is that what happened in Algeria and what is currently happening in Iraq and in other parts of the Arab world does not result from the deviant behavior of individuals, but from general behavior that is inevitably caused by [our] culture.

"Barbaric acts of mass murder were rampant in Algeria, with the number of victims reaching a quarter of a million. School girls were murdered for not wearing the veil. The murders carried out by 'jihad fighters' in Iraq have come to symbolize [the general situation there], which is condoned by Arab societies.

"Needless to say, Al-Zarqawi, bin Laden and Al-Zawahiri could not have perpetrated all these atrocities without extensive popular support, without constant recruitment [of new jihad fighters], and without the cultural and ideological support that is [ingrained] in the [Arab] heritage and education. Surveys conducted in a number of Arab countries showed that the majority supports the Al-Qaeda terrorist organization, and that bin Laden himself enjoys great popularity, especially in the Gulf countries…"


If Arab Governments Do Not Begin to Lead Their Peoples Towards Democracy, History Will Force It on Them

"Based on the above, I believe that Arab societies… suffer from duality in their standards, their views, and their behavior, and require immediate treatment if they want to heal, to overcome their backwardness, and to live in peace with the international community…

"Obviously, it is difficult to change the people's entire outlook overnight, especially when the governments constitute an obstacle to reform. The process is difficult and will take a long time, but there is nothing to prevent it from starting today… The ball is in the court of the Arab governments, who must understand the reasons for their backwardness and the backwardness of their people.

"The problem with these governments is that they have always objected, and still object, to gradual and peaceful development… [which occurs naturally] in the course of history. Democracy is the order of the day, and if the Arab governments do not begin to gradually lead their peoples towards democracy, history will force it on them through violent [upheavals], as occurred in Iraq...

"It should be noted that over 200 years ago, the Western peoples went through what the Arab peoples are experiencing now. They managed to resolve their problems, to build an advanced civilization, and to make economic, social, scientific and technological progress - but [this happened] only after reason was liberated from [the shackles of] fairytales and lies, [and after they] separated religion and state, established regimes that were secular, liberal and democratic, and gave freedom of speech and thought to [their] intellectuals."

Special Dispatch Series - No. 1190

Thank you so much for this awesomely insightful article. I would love to see the cite. Tahank you.

Scott

Originally Posted by pogo

Good question so I tried to find out. I found a link for a pdf published by the WTO using Jordan as an example for accesion. I did not see anything specific to "international tradability" yet. The site, WTO | Welcome to the WTO website has lots of documents available so I'll keep looking. It appears to me though that the requirements are general quidelines that can be interpreted in many ways therefore making accesion a rather political process....

http://www.jftp.gov.jo/pdf/doc_en.pdf

the point i was making earlier was according to this article i posted :
http://www.rolclub.com/160010-post436.html

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Columbian runs the negotiations for the accession of Iraq to the World Trade Organization

Life

WTO appointed chair of the action team on the management of accession negotiations in Iraq. The president of the WTO General Council, the Norwegian Eric Klein, the Ambassador of Colombia, Claudia Uribe,

Accession negotiations will be the President of Iraq. Uribe, will head the working group which will put demands multilateral trade prelude to Iraq's entry into the organization.

The Iraq to apply to join the WTO in September 30 (September) 2004, coupled with U.S. forces, making the WTO General Council approves the request next week to offer, founded in December 13 (in December) of the same year a working group to examine the conditions for accession, note that the World Trade Organization were recorded in these two shorter periods in the stages of acceptance of the application for membership of a particular country and the formation of a working group to discuss joining, in its history.

Despite the fact that working group form the end of 2004, but the team remained vacant presidency in the last two years, until the appointment of the Ambassador of Colombia Finally, a case other unfamiliar in the work of the Organization.

Iran joining

For comparison, the Iran 18 months ago to accept the papers of accession, without a working group to discuss the issue because of the lack of agreement on the appointment of the Chairman of the Group. That means, in practical terms, the lack of progress in Iran one step on the road to full membership, which requires several years at least.

The World Trade Organization rejected a request made by Iran to obtain the status of observer member (rejected 22 times since 1996), but they gained observer member status in the May 26 (May) 2005, one day after the conclusion of successful negotiations with the European Union on the nuclear file, the time agreed at the time to suspend uranium enrichment.

Iraq had submitted written answers to hundreds of questions posed by the Member States in the working group. However, the answers turn raised dozens of other embarrassing questions addressed to Iraq, focused on the administrative corruption in governmental institutions and weak governance and multiple export and smuggling and illegal exports.

Some delegations inquired about the efforts made by the Iraqi authorities to fight corruption and control of the country's resources and plans of the authorities in the field of administrative reforms and capacity-building of the country trade. Questions also addressed the agricultural system, and administrative barriers, customs and tariff policies, privatization and intellectual property protection, technical barriers to trade.

The effects of some countries opposed to the principle of Iraq obtaining membership in the World Trade Organization with the existence of two separate Jmerchetin (Customs and the Customs Kurdistan central government), what constitutes a violation of the laws of the Organization on the conditions of membership. Vodka and other countries that provide Iraq for membership, which suffers from a lack of stability, and the country from slipping back into chaos, and the inability of the government to stand on its own feet economically and militarily, with the unemployment rate up to 50% according to World Bank estimates.

But an economist, Cedric Dupont, of <Graduate Institute of International Studies> in Geneva it is the Iraqi request <Ramzi>. He told <life> :> Iraqi regime tries to seem normal state>. He added that <one of the conditions for joining the State had full sovereignty, and the government's control over its territory and its trade, economic and customs unity and the free movement of goods and persons. At the present time, these conditions may not exist in Iraq because of foreign forces and armed groups chaos and insecurity>.

The answers prepared by the Iraqi delegation <prosperity>, private under the supervision of the finance <American Agency for International Development> exclusively on helping Iraq to join the World Trade Organization. And the institution bearing the insignia of the American Agency for International Development, training courses and technical several (especially in Geneva, Washington and Amman) of the Iraqi trade officials on issues related to WTO accession.

"Uribe, will head the working group which will put demands multilateral trade prelude to Iraq's entry into the organization. "
says to me that they have stipulated that iraq begin multilateral trading before they are allowed WTO status.

Originally Posted by JT2154

Thanks Susie. You sure do keep us honest. I thought currrency would automatically become tradeable once in the WTO...

JT2154

Well thats not true... yes after joining i think it gets enacted 30-60 days before the currency is internationaly recognized....Take Veitnam for example they just joined the WTO and yet there currency is not on the international market but will be soon....Am I correct on this folks?
PS 2 days after veitnam joined the WTO I asked Chase if i could get or order some and they said no...my mom works for a bank wachovia she says no and they still say no to dinar...tank

Interview with the minister of planning and development cooperation of Iraq, the trend towards raising government subsidy on oil derivatives, the role of banks in the economic reform process
ظم ياسينPreparation and submission : Nazim Yasin
من النفطية.The new program (economic report), and include two interviews, one with the Minister of Planning and Development Cooperation of the Iraqi Ghalib Papan on the budget for the year 2007 and the second with the Under-Secretary of the Ministry of Finance Kamal optical trend towards raising government subsidy on oil derivatives.
من .In today's episode also listen to a number of economists and bankers on the role of banks in the process of economic reform.

- - An interview with the Minister of Planning and Development Cooperation Iraqi

.Palestinian Minister of Planning and Development Cooperation of the Iraqi Ghalib Baban budget year 2007, amounting to about forty-one billion dollars and budget described as "de facto" because of the many commitments of the State, the most prominent materials ration card for the citizens and spending on staff and retirees and building the security forces.
.In the following interview with Radio Free Iraq correspondent Leila Ahmed, also talked about other issues, including the allocation of reconstruction in the provinces and the importance of investment projects to reduce the rate of inflation.

()(Interview with the Minister of Planning and Development Cooperation Iraqi)

- - The trend towards raising government subsidy on oil derivatives

في(.In exclusive statements to Al (economic report), the Undersecretary of the Ministry of Finance Kamal Basri that the Iraqi government move toward lifting the subsidy on oil derivatives, and to refer the matter to the private sector.
.This trend comes in the framework of the measures proposed by the donor countries and the International Monetary Fund to reform the Iraqi economy.
وفي .In the following interview with the correspondent of Radio Free Iraq Leith Ahmed, explained that the lifting of visual support for oil derivatives was one of the reasons that led to a rise in the rate of inflation.

()(And the interview with Undersecretary of the Ministry of Finance)

- الاي- The role of banks in the economic reform process أكد .A number of economists and bankers and financiers importance of governmental and private banks in the economic reform process in Iraq.
.In the following interviews conducted by Radio Free Iraq correspondent Jumana al-Ubaydi, Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam of the importance of the banking sector to facilitate foreign investments necessary for the reconstruction with the Deputy Director of the Bank of Credit Commissioner Iraqi Abduljabbar spring to what he described marginalization suffered by the banks at the current stage. As an economist Husam Alsamuk has answered the first question regarding the concept of economic reform
Translated version of http://www.pukmedia.com/

This doesn't seem as though it's the entire article

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Government budget and economic and social benefits




The draft budget bill principal vehicle for the implementation of the general attitudes of the State. A true test of their policies in various fields of political, economic and social. That a scientific basis and the mesh recognized in the accounting system of assets, rules, principles and laws in the accounting classification and the preparation of the general budget, depends largely on the understanding and explanation and discussion of the articles contained therein. As technical aspect, which is important in preparing and drafting the preamble to the budget, the figures contained therein is more important, since it reflects the economic and financial policy of Iraq in the long perspective. Therefore must be given paramount importance to the assessment of these figures, on the bases of scientific, relying on the statistics minute for different periods of time, and the use of Calibrated scientific and logical in the measurement of the efficiency performance and productivity in the the 2005 and 2006 budgets Almethaqqetin, and each institution or government department,, measuring the ratios of prodigality and unnecessary expenditures and of redundant, and strict control over of financial and administrative corruption and the expense of COSTING and production material and moral within the position on the planned national economic growth and control of financial resources available rational and logical even be budget estimates 2007 is closer to reality. The use of specialists and university
This area, in order to develop studies by, for the purpose of evaluation and accountability and the development of work and productivity, and the light must be calculating the growth rate in the 2007 budget. It is necessary saturated discussions at all levels, administrative, and then transmitted to the House for debate and also enrich and approval and issuance in the Budget Act of 2007 to the executive authorities, and to monitor and follow up the implementation of the bodies, regulatory bodies and the integrity approved. That background ideological and intellectual adopted by the Iraqi government in the present economic policy, of the draft budget for 2007, urges and encourages and supports only a market economy, in preparation for the enrollment of the region, including Iraq, protesters thought Aleniolibrali, imposed by the policies and directives of international institutions (Monetary Fund-World Bank and the World Trade Organization) on the economies of underdeveloped at the present time, which opens this situation the way for foreign capital to impose its hegemony on the national economic activity. Essential to go about applying some kind of balanced economy, defining goals and priorities, and through a reform program announced define the role and functions of the public sector and the private and joint and cooperative in this process. Adoption of economic methodology Clear and transparent to the process of social development, economic development, and clear strategic vision, the prospects for economic development at the current stage. The structure of the financial budget for 2007, as follows : First : public revenues of the state, the composition as follows : (oil revenues, foreign aid flow and project implementation, taxes, external debt, other income). Relying primarily on oil rents, and the survival of a unilateral budget of the Iraqi economy on this rent instead of thinking in a clear-cut strategy to energize other productive sectors, particularly industrial them. As for foreign aid, especially American, which is around 10 billion dollars for reconstruction and jobs, as well as the implementation of some projects in direct by donor countries to help, devoting the type of dependency and the adoption of the Iraqi economy to the outside world in identifying trends in the organizational chart, and therefore constitutes a direct intervention in Iraq's affairs and an infringement of national sovereignty. Revenue resulting from the tax is on the decrease, because of the difficulty of collection and the proliferation of administrative and financial corruption in the organs, as well as tariff revenue subject to the terms of the international financial and monetary institutions, including the World Trade Organization, which aims to remove tariff barriers over timeSecond : public expenditure allocations, and include (current expenses-operational for the ministries and government departments, current expenditures of the Iraqi parliament, the Council of Ministers and the presidency of the state, planning budget for the departments and companies with self-financing and of the ministries of industry and trade, as well as banks and insurance companies nationalized, etc.)
ثالثا: 5 سنواتThird : balancing the investment plan for a period of 5 years

.Lacking the budget to details, as well as outbuildings, therefore only preliminary reading of this budget and its impact on some of the economic and social aspects, without mentioning the figures necessary for the analysis and comparison, because that I can have a look and try to summarized as follows : 1-Iraq is still suffering from internal conflicts, were not available after the causes of security and stability to allow for realistic programs and ambitious Reconstruction and Development. In the circumstances the lack of a clear development strategy and major security flaw in the first place, would be to go to the sectors of quick profit without giving any importance to the productive sectors.

2- ترك . زاد -funding policy disability, since leaving the dictatorship that had catastrophic effects and exacts a heavy toll on the Iraqi economy. What made matters even worse after the war and occupation of Iraq, and thus suffer from disruptions in the installation of his economic vitality, and to continue relying on the oil sector alone, which represent 70% of the GDP of the country, which is the backbone of the Iraqi economy, which only drives the machine now, in spite of its production amounting to 1.7 million barrels per day, is expected to reach this production to 2.2 million barrels a day next summer! Bahtiatath compared to the huge reserves and the reasons are due to the current security circumstances, but that improved world prices, contributed to maximize the returns achieved this in addition to foreign aid helped to the award of the general budget, a budget aid, shift workers and employees to idle beyond the tools of economic activity. That the support in all its forms of direct and indirect, accounts for 80% of these budget, at a time distracted by in which sorts of of Labor and the tyranny of the phenomenon of use non-formal education, which monopolizes the proportion of 22% of the best productive labor force, both in terms of acceptance by sub-the productivity level or hours of work less than 39 hours per week, which is the limit recognized globally, and so if we add actual unemployment amounting to 18%, it becomes a figure 40%, and could be up to 50%, which is what he arrived today's situation has made it pavements room to the search for employment opportunities, a situation frightening and its concomitant diseases and the various sorts of social deviance and the escalation of from incidents of crime, murder and looting, robbery and theft, supporting terrorism, and 20% of the Iraqi people are below the poverty line

3- الصناعي:3 - There is a fundamental imbalance in the composition of the budget, because of wide variations in the ratio of expenses to balance the distribution of public spending, which represents operational by more than 80% of public spending and investment is about 20% of the total budget, which represents $ 41 billion. This situation is in the budget deficit in creating dynamic on the level of economic growth on the basis of 10%, to be achieved in this budget, which requires the presence of large investments needed by the country, particularly in the area of the building and rebuilding of infrastructure, rehabilitation of the oil sector to 2.5 million barrels a day in the foreseeable future, as well as the promotion of the productive sectors, especially the industrial sector. Structure-going operational expenses of the public, can be classified as follows :

* )* Economic expenditure, and include (energy, water, industry, agriculture, trade, transport and communications, construction and building, and modern technology, and infrastructure, etc.)

* )* Social expenditures, and include (health, education, employment and social development, social security and old age, women, culture and endowments, and youth and sports, tourism, forestry, environment, etc.)

* ).* Political and security expenses, which is dominant in the budget, and include (Defense and Security, Foreign Affairs, Interior, Justice, other military expenditures, and the House of Representatives, and my Cabinet and the State, and others).

إن المسحوقة.The policy of deficit financing of the public expenditure does not lead to the creation of the increase in fixed capital and go to another, how is the case in public expenditure investment, but is a means of accumulating wealth in the hands of the minority, thereby increasing indebtedness and worsening budget deficit and turn into a chronic situation accompanied by high rates of inflation, recession, unemployment and the high tax burden, and these results reflect the economic and social rights of the layers of ground.

4- إن .4 - The gradual withdrawal of support policies and cancellation, will be the priority in the budget for 2007, which demands of the International Monetary Fund, have negative consequences on the overall economic and social situation, the policy of the ration card system and support the sale of oil derivatives prices. In return, there is a project called the network of social benefits, which is expected to cover about two million Iraqi family assistance and social guarantees during the budget year, any coverage limits of 10 million Iraqis out of work, and who deserve social assistance. That method of treatment and temporary, and would certainly negatively impact on the economic and social situation, nor contribute to the solution of the problem but leads to complexity in the foreseeable future. Instead of thinking in the network and the provision of significant, better monitoring of the amounts in investment spending to the productive sectors, especially industry, thereby helping in the foreseeable future to alleviate unemployment and increase revenues workers a result of obtaining work rather than rely on social assistance, and thus increase their contributions to pay the tax, which must constitute an important resource for future public revenues.

5- إن .5 - The strategy adopted in the budget for 2007, will contribute to the process of economic reform does not pay towards the building of an advanced economy and modern, where will the appropriations primarily on external factors, especially crude oil prices, by raising energy production and export of crude oil, as well as policy organizations, financial institutions and international monetary imposing conditions on identifying trends in the evolution of the structure of the Iraqi economy, through a total reliance on market economy and the dimensions of the government's role in and contribution to the revitalization of the Iraqi economy.

6- يؤشر .6-indicates the budget bill to the contractionary policies, it will deepen the gap between the groups and social strata, to increase taxes on the citizens, the removal of subsidies on food ration cards and fuels, and the deterioration of public services, increase unemployment, the continued rise in the rate of inflation.

7- الدولة.7-must be emphasized in the draft budget on the size of the privatization of all regions / provinces, to be appropriate with the population density and the degree of deprivation. Conclusion can be said that the draft budget in its current form is that it can perform tasks in the process of reviving the economy in the new Iraq within the security situation out, and the failure of the economic policies of the government before and after the fall of the dictatorship, as long as the emphasis and constantly increase military spending and security, which resulted in increased public spending at high rates. There are wasting large in the area of public expenditure in the salaries of government officials at the level of ministries and members of the House and the expenses of the Iraqi protection, housing, Tjoaham, as well as the expenses of the diplomatic corps abroad, exacerbating the problem of policy support and external indebtedness, with the breadth and widespread economic and administrative corruption at all administrative levels and the absence of guarantees for the protection of national wealth and public funds. The alternative to this policy is to rely on fiscal policy based on the development strategy, through the presence of a vision of what the priorities and objectives of development within the (National Development Strategy), and expand the framework of this strategy so as to ensure the formulation of specific sectoral programs and the reordering of priorities is commensurate with the new developments in the Iraqi situation, so as to ensure that the rates acceptable for economic performance, and aims to satisfy the urgent needs and growing citizens in the foreseeable future, and the elimination of unemployment and reviving the ability of the state to perform its functions the best possible way.

Originally Posted by scottpaye

Thank you so much for this awesomely insightful article. I would love to see the cite. Tahank you.

Scott

I included the link at the bottom of the article

Originally Posted by dinartank

Well thats not true... yes after joining i think it gets enacted 30-60 days before the currency is internationaly recognized....Take Veitnam for example they just joined the WTO and yet there currency is not on the international market but will be soon....Am I correct on this folks?
PS 2 days after veitnam joined the WTO I asked Chase if i could get or order some and they said no...my mom works for a bank wachovia she says no and they still say no to dinar...tank

WTO | Secretariat and budget

Accessions Division

The work of the division is to facilitate the negotiations between WTO Members and states and entities requesting accession to the WTO by encouraging their integration into the multilateral trading system through the effective liberalization of their trade regimes in goods and services; and to act as a focal point in widening the scope and geographical coverage of the WTO. There are at present nearly 30 accession working parties in operation

WTO | Understanding the WTO -* members

(ii) payment and transmittal of the compensation: should national currency regulations intervene, the competent authority shall make all efforts, by the use of international machinery, to ensure transmittal in internationally convertible currency or its equivalent.

WTO | WTO analytical index: Guide to WTO Law and Practice - Agreement on Trade-Related Aspects of Intellectual Property Rights

Conversion of currency



Where the comparison of normal value and export price requires conversion of currency, the Agreement provides specific rules governing that conversion (Article 2.4.1). Thus, the exchange rate used should be that in effect on the date of sale (date of contract, invoice, purchase order or order confirmation, whichever establishes material terms of sale). If a forward currency sale is directly linked to export sale, the exchange rate of forward currency sale must be used. Moreover, the Agreement requires that exchange rate fluctuations be ignored, and that exporters be allowed at least 60 days to adjust export prices for sustained exchange rate movements.

ADP: Fair comparison of normal value and export

these are the mentions of internationally tradeable currency at the wto site. from these documents i would say that you must have an internationally tradeable currency to be deemed a member of the wto in good standing, since the basis of being a member of the world trade organization is trading with other countries and to do this you would need some form of payment system.

and the article did state that they were requiring "multilateral trade prelude to Iraq's entry into the organization".

Agreed, they no doubt need to structure a satisfactory mutilateral trade agreement with other members of the WTO in order to be accepted into the WTO. My curiosity right now is whether or not the currency needs to be internationally traded as a prerequisite to accession.

Originally Posted by shotgunsusie

the point i was making earlier was according to this article i posted :
http://www.rolclub.com/160010-post436.html

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"Uribe, will head the working group which will put demands multilateral trade prelude to Iraq's entry into the organization. "
says to me that they have stipulated that iraq begin multilateral trading before they are allowed WTO status.

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