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

Dealing with inflation in Iraq

Sabah : Hilal war
Iraq was a developing country for the liberation of other developing countries in terms of consistency of the structure of national economy, which creates an imbalance in its economic output from the process of development in the 1970s through the war and the economic embargo in the 1980s and 1990s and the economic and political crises after the events of 2003 / September 4, so far.


Therefore, the exorbitant rises in the price is an issue that can not be avoided in the light of public spending large and significant increases in real income and the economic potential of the country, and must therefore serve to increase demand in some sectors which are Bajtnakat prevent expansion in the supply of goods produced by the special agricultural commodities, including raising the prices of their products at a time when individual incomes and the growing demand for other commodities, particularly industrial them.

Therefore, the heart of the problem of inflation in Iraq is as follows :
One structural deficiencies in the economy and the lack of integration of production factors available thereby limiting the ability of the country absorption in the short term.
2 inelastic supply as we can for the supply of goods and services to expand or to the structure to adapt quickly enough to cope with not only the growing demand, but to the changing pattern of demand without creating inflationary pressures.
Three of inefficiency and lack of expertise available.
Four non-development of the financial market and cash.
Limited to five factors of production mobility.
6 inefficiency of the tax and non-flexibility, which remains low despite the tax revenue increase in real output.
Seven marginal propensity to consume is high in Iraq
8 absence of broad-based industrial structure which makes the elasticity of supply in the short term small to a large extent. Accordingly, the inflation in Iraq for that can not be attributed to the pressures costs the driving only or demand attracting the unity of, but is the process of universities, colleges include on those two both together addition Aliomalih structural transformation in the Iraqi economy authorized The solution required to counter the inflationary pressures lies in the design development policy, economic and financial and monetary aimed to continuing changes in the pattern of production and in the pattern of distribution of income and social and economic structure that the most important Maijb be striving for economic policy is to achieve economic stability side by Alijenb with the achievement of economic growth the abyss at an ever increasing occasion for Atkhalq pressure on prices in the short term and at the same time on the development of the production capacity in the shortest possible time over the long term.
But achieving the goal of economic growth and stability requires a growth rate higher than the historic rate had accompanied at the same time avoiding unemployment or sectoral or geographical and maintaining monetary stability, including suits between the rate of growth in the currency and maintain a balance of payments always avoid sectoral bottlenecks and avoid scarcity in the capital cash and real as well as in a work and the dissemination of development in all geographic regions so that Aitkhalv territory of another. To address the inflation in Iraq on the grounds that required to be considered in three respects are :
First : in terms of the nature of inflation
Second : the fact that in terms of internal or external causes
Third : in terms of the time in which
This treatment.
So can address some of the symptoms of inflation in the short term and can not face the other only in the long term.
The increasing per capita incomes in Iraq as a result of growth in consumer spending and investment, mostly because of the concentration of growth in the public sector has led to increased consumption expenditures This requires three types of procedures can be reduced to the effects of inflation is :
One limitation of increasing individual incomes through appropriate progressive tax policy.
Two reduce public consumption and by working to raise the efficiency of the government apparatus and the best investment for the human workforce.
Three take appropriate action to raise the proportion of individual savings through incentives such as higher interest rates on savings in banks and individuals incentive awards and savings bonds ... Etc..
That such actions inevitably limit of individual incomes and aggravate the first consumer spending and consumption of tangential and simulation especially II should have been able to limit the inflationary rises in the price III.
As for the supply of goods and services, it is possible to increase either through importation from abroad and / or development and the development of domestic production, especially agricultural production, as well as the possible reduction of storage and speculation by processors.
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Al-Sunaid expected rise in the price of the Iraqi dinar before the middle of this year
Al-Sunaid expected rise in the price of the Iraqi dinar before the middle of this year

Source : KUNA-11 / 01 / 2007

A deputy of the Iraqi Parliament today that the rate of the Iraqi dinar will continue to rise against the dollar to reach a level high by mid-year.

He expected the deputy United Iraqi Alliance list Hassan Al-Sunaid during a meeting of the Iraqi Parliament today that up to the Iraqi dinar exchange rate of 1200 dinars to the dollar at mid-year, while the price of one dollar hit 1480 IQD in last November.

Al-Sunaid's statement came during a session of Parliament to discuss the general budget in Iraq during the year 2007, which was hosted by the Minister of Finance statement Baqir al-Zubaidi, a number of his advisers.

It is noteworthy that the Iraqi dinar has been rising gradually and continuously, in the value of exchange against the dollar since the Central Bank of Iraq adopting a new monetary policy to deal with inflation in the 13 last November.

He attributed the bank " The causes of inflation to the disproportionate rate of the Iraqi dinar with the nominal level of the real "prompted the bank to raise the value of the dinar since November last year to reach during the current January to about 1320 dinars to the dollar .

The expectations of today's Al-Sunaid consistently high value of the dinar to 1200 dinars to the dollar amid widespread demand of investors and persons dealing in Iraqi dinars instead of the dollar.

12 / 01 / 07, 06 days 6:53:16 PM

Response : Al-Sunaid expected rise in the rate of the Iraqi dinar before the middle of this year
I mean, this is expected to rise in 1200 in light of these difficult circumstances would lose as it is despite the improved conditions after the plan by Baghdad and will not be changed according to the dinar to change the situation in Iraq and how to be changed if Will would return to normal Please reply from the Economy and Finance

12 / 01 / 07, 09 :52 9:52:20 PM

Response : Al-Sunaid expected rise in the rate of the Iraqi dinar before the middle of this year
Quote :
Originally sent by Nawrs55
I mean, this is expected to rise in 1200 in light of these difficult circumstances would lose as it is despite the improved conditions after the plan by Baghdad and will not be changed according to the dinar to change the situation in Iraq and how to be changed if Will would return to normal Please reply from the Economy and Finance
Brother nawrs55 think that the rise will be fully remotely controlled by the Central Bank and not to a security plan or significant influence over Baghdad. The Central Bank and the assistance of the foreign exchange reserves of the dollar and of (12 billion dollars), almost can improve the value of the Iraqi dinar in stages and the value of 2 dinars or more each meeting auction managed by the World Bank for the sale or purchase of the dollar. The goal of the bank is to reach a balanced price helps to stop inflation and help to improve the living situation of the Iraqi people, and this number may be unlicensed in the current year to 1000 dinars per dollar. In the coming years, in the case of the continuation of the state of inflation, the Central Bank policy will improve the exchange rate of the dinar again, and may have a new goal of close to 700 dinars per dollar, the outlook for 2010 was the price of the Iraqi dinar was very similar to the dollar. I hope that I have answered your question, thank you.

13 / 01 / 07, 02 :31 2:31:10 PM

Response : Al-Sunaid expected rise in the rate of the Iraqi dinar before the middle of this year
Mshkowoowoowoowoowoour the speed of response and greater security and stability, God

Yesterday, 08 :42 8:42:12 AM

Response : Al-Sunaid expected rise in the rate of the Iraqi dinar before the middle of this year
Quote :
Originally sent by Iraqism
Brother nawrs55 think that the rise will be fully remotely controlled by the Central Bank and not to a security plan or significant influence over Baghdad. The Central Bank and the assistance of the foreign exchange reserves of the dollar and of (12 billion dollars), almost can improve the value of the Iraqi dinar in stages and the value of 2 dinars or more each meeting auction managed by the World Bank for the sale or purchase of the dollar. The goal of the bank is to reach a balanced price helps to stop inflation and help to improve the living situation of the Iraqi people, and this number may be unlicensed in the current year to 1000 dinars per dollar. In the coming years, in the case of the continuation of the state of inflation, the Central Bank policy will improve the exchange rate of the dinar again, and may have a new goal of close to 700 dinars per dollar, the outlook for 2010 was the price of the Iraqi dinar was very similar to the dollar. I hope that I have answered your question, thank you.
And when will the circulation of the dinar Ae level of forex Iraq and its people deserve more from Head. A

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An important meeting for the Iraqi bank guarantees in early 2007
An important meeting for the Iraqi bank guarantees in early 2007

Source : Iraqi Media Network southern region-08 / 01 / 2007

The Iraqi company for bank guarantees for a wider meeting involving leaders of the boards of private banks that fall under the umbrella of the company and the beginning of 2007 in the Jordanian capital of Amman.

An official source in the Iraqi company for bank guarantees that the meeting be held in Amman early 2007 participants will outline the importance of the work of the company and the mechanism to be adopted in order to activate its role in promoting the march of development and construction and reconstruction in Iraq.

The source added that the company's activities will contribute to the strengthening of the role of the private sector in development and support construction projects, reconstruction and the development of its role in leading the economic process and will loan the company made to small and medium guarantor to put those important projects, where he will hold business owners and small and medium-sized enterprises hopes on the role required to be played by the Iraqi company for the bank guarantees to provide soft loans and necessary to activate their projects and operation, one of the foremost objectives of a company.

Al-Maliki reacts to new Bush plan

A car bomb exploded in Kirkuk on Friday, killing one and wounding three others [AFP]
Nouri al-Maliki, the Iraqi prime minister, has described the new US plan for his country as being "identical to our strategy and intentions".

Meanwhile, two people have been shot dead and a Shia mosque that was under construction blown up in Kirkuk.


Armed men planted explosives in the mosque in the Nida neighbourhood of eastern Kirkuk and flattened the building site, said Imad Jassim, a police captain.

In central Kirkuk, two contractors who were building access lanes were shot and killed and another two workers were wounded.

The assailants opened fire on the men while they were working next to the main highway that runs through Kirkuk from Baghdad before fleeing, Jassim said.

A least 48 people were killed or found dead nationwide on Saturday, including a Sunni cleric who was shot near his home in Samarra, 95 km north of Baghdad.

Maliki reaction

George Bush, the US president, said he would send an additional 21,500 troops to help pacify the capital and other parts of the country in a plan for Iraq outlined on Wednesday.

Al-Maliki, however, continued to avoid naming al-Sadr's Mahdi Army as a target of the military operations.

"Our strategy that aims to control security is based on using force against any outlaws whatever their background or identity," al-Maliki said on state-run Iraqiya television.

Al-Maliki has repeatedly used that kind of formulaic language during his eight months in office, but has routinely blocked American forces from taking on his militia allies.

He told a small group of Iraqi reporters that "what we have seen in the American strategy is that it is identical to our strategy and our intentions".

Kurdish plans

A Kurdish army brigade in northern Iraq was undergoing intensive urban combat training as it readied for deployment in the latest Baghdad security operation and was expected to take on the capital's Mahdi Army Shia force, its commander said on Saturday.

Meanwhile, three Iraqi generals told The Associated Press that the Iraqi commander who will lead the overall Baghdad security mission was the government's second choice and only got the job after the US military objected to al-Maliki's first choice.

Nazir Assem Korran, commander of the 1st Infantry Brigade, 2nd Division of the Iraqi army, said: "We will head to Baghdad soon. We have 3,000 soldiers who are currently undergoing intensive training especially in urban combat and how the army should act inside a city."

Clinton visit

Hillary Clinton, the US senator who opposes Bush's plans to send more US soldiers in to Iraq, met on Saturday with al-Maliki and the two top US commanders during her first visit in nearly a year.

The New York Democrat, who was expected to run for the party's presidential nomination, called the situation in Iraq "heartbreaking" and said she doubted the al-Maliki government would live up to promises it had made about cracking down on violence.

She said in an interview with ABC News in Baghdad: "I don't know that the American people or the Congress at this point believe this mission can work.

"And in the absence of a commitment that is backed up by actions from the Iraqi government, why should we believe it?"

"I'm sceptical that the Iraqi government will do what they have promised to do, and that, I think, is the concern of all of us who have heard this before," she said recalling at least three past security drives that have failed to calm the city.

Arrested Iranians

The US military said on Sunday that five Iranians arrested by US forces in northern Iraq are connected to an Iranian Revolutionary Guard group that provides weapons to Iraqi militias.

The five were arrested on Thursday in a US raid on an Iranian government office in the Iraqi city of Arbil, the second such operation in a month.

The US military said in a statement: "Preliminary results revealed the five detainees are connected to the Iranian Revolutionary Guards - Qods Force (IRGC-QF), an organisation known for providing funds, weapons, improvised explosive device technology and training to extremist groups attempting to destabilise the government of Iraq and attack coalition forces.

"The Multi-National Force, in keeping with US policy, will continue to disrupt logistical support to extremists that originate from outside Iraq."

Al Jazeera English - Middle East

youn
Dhi Qar - (Voices of Iraq)
The security source in the police of Nasiriyah today, Tuesday, they managed to thwart the smuggling of oil products north of Nasiriyah managed Division explosives in the Nasiriyah police to dismantle the bomb exploded south of the city.
The pilot of Van der Stoel in a telephone conversation with the News Agency (Voices of Iraq) Independent today that "Nasiriyah police managed to control the type of car (Kia) at the northern entrance to the city of Nasiriyah carrying 170 gas cylinders designed for smuggling and arrested two traffickers Alnftph derivatives."
The source added, "and the arrest of three people in possession of a number of gas cylinders and drums of kerosene intended for smuggling."
On the issue of security Van der Stoel said that "contingents of the explosives division was able to dismantle the bomb exploded in the hand of the district العكيكه market Senate (45 km) south of the city of Nasiriyah."
Van der Stoel and that "the package had been planted in front of the house of former member of the Baath party disbanded."
Translated version of http://www.aswataliraq.info/

Voices of Iraq : Wasit-arrest (by the first)
Books : jabbarkut on Tuesday, January 16, 2007-11:30 AM BT
American forces arrested two Iraqi members of the Wasit governorate
Abdel Jabbar Safrani
(To add details of the arrest)
Wasit - (Voices of Iraq)
A source in the Wasit governorate today, Tuesday, the joint American-Iraqi force raided this morning, the preservation short time before the convening of its weekly meeting, and arrested two members of the council without knowing the reasons.
Translated version of http://www.aswataliraq.info/

Voices of Iraq : Baghdad-closure
Books : [email protected] on Tuesday, January 16, 2007-11:08 AM BT
Eyewitness : American and Iraqi forces have surrounded some districts of Baghdad.
From just the latest
Baghdad - (Voices of Iraq)
Eyewitnesses said that the joint Iraqi and American Humvee morning today, Tuesday, a number of neighborhoods in the Basilica of Baghdad.
The eyewitnesses News Agency (Voices of Iraq) that the independent military forces joint Iraqi and American cordoned off this morning and hung areas Hirsh, Cairo and closed some of the main streets.
Eyewitnesses added that American and Iraqi forces had conducted a search and raids inside the neighborhoods.
According to one eyewitness of the Hirsh, east of Baghdad, that those troops carried out raids and searches in the area and set up checkpoints without knowing the real reasons behind the closure.
On the other hand, eyewitnesses in the neighborhood of Dura, south of Baghdad today that a meeting was held between the commander of the Brigade of the Iraqi next Mosul in northern Iraq, who assumed his duties in the session met today with tribal leaders and clerics in the region.
A source close to the atmosphere of the meeting that the Brigade Commander informed the audience that the Iraqi army will be in session and the quality of service to citizens and to provide services to residents of the area.
He referred to the clergy and the Senate have some demands concerning the protection and security of personnel from the area and the opening of the market after the closure of the popular large and work on the provision of services.
H n

Translated version of http://www.aswataliraq.info/

sites that don't update or don't work at all lately

Translated version of http://www.iraqigovernment.org/
Iraq
Translated version of http://www.alsumaria.tv/SumariaTV/default.aspx
http://www.uruklink.net/iqlaw/
plus mant more and we are hearing rehashed news like crazy again and again

Demand on dollar up in Iraqi Cenbank auction
By Dergham Mohammed Ali

--------------------------------------------------------------------------------

Baghdad, 15 January 2007 (Voices of Iraq)
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Demand on the dollar went up during Sunday's Iraqi Central Bank session to the highest level in four months reaching $103.410 million from $56.840 million last Thursday.

"Demands registered $21.910 dollars in cash and $81.500 million in remittances, completely covered by the bank at an exchange rate of 1,315 dinars per dollar, unchanged from the last session," according to the bank's daily bulletin received by the independent news agency Voices of Iraq (VOI).

The bulletin read that 14 banks have offered to sell of 75,000 dollars, which the Iraqi Central Bank purchased at an exchange rate of 1,313 dinars per dollar.

Iraqi Central Bank Governor Senan al-Shabibi said the bank's monetary policy of enhancing the dinar's exchange rate would improve the investment budget in cooperation with the finance ministry.

Expounding on the central bank's policy before a parliament session on Sunday, Shabibi said boosting the exchange rate was a decision that was taken by the bank to improve Iraqis' confidence in the dinar and to have the dinar as a value standard in a bid to bring down inflation and maintain the dinar's purchasing power.

Economist and industrialist Abd al-Razeq al-Abaiji told VOI that he expected "a continuously growing demand on the dollar if the economic and security atmosphere became more stable."

Demand on dollar up in Iraqi Cenbank auction | Iraq Updates

1/15/2007 : 10:20:19 Show Profile Email Poster Reply with Quote
Trade : new agreements with Syria
(Voice of Iraq) - 15-01-2007
Trade : new agreements with Syria.

Providing full of the items of the ration card for the current year Baghdad / Karim Sudanese Farmer said Dr. Abdel Hassan, the Sudanese Minister of Commerce, said that Iraq is seeking to start a new page of the trade and economic cooperation with Syria, including help in the service of the two brotherly and close a painful chapter between the two countries. The Sudanese Before traveling to Damascus, with high-level government delegation headed by the President of the Republic that the ministry had prepared a working paper for the development of such relations in line with the nature of these relations and wanted to close a page from the former female relationship.

He added that Syria's honorable stances towards Iraqi opponents of the former regime and contained all of these when it was a safe haven but what happened after the fall of the regime and the flow of terrorists from the border effects of a host of problems that have caused a gap between the politicians in both countries. The Minister of Commerce, Iraq's insistence on opening a new page of cooperation and continuous response brothers in Syria to deal with the new situation will give fruit in the near future and the visit of the government delegation, is a new indicator of this new relationship.

He pointed out that the Sudanese Ministry of Commerce will deal with Syria, the companies will have a bilateral agreement with the Syrian Ministry of Trade in order to begin a new page of the Economic Cooperation beneficiaries of the Syrian experience in the provision of the ration card items and investment in the areas of the country On the other hand, the Sudanese minister confirmed the government's intention to provide the components of the ration card in a transparent manner in the new year, through bilateral agreements or joint signing commercial contracts with international companies from developed origins.

He said in press statements that his ministry completed the requirements of the food basket through contracts with Arab and foreign debts and did not complain of any shortage of such materials with the exception of wheat which will arrive in the country in very large quantities in the next few days as we plan for distribution to all provinces of the country.

He announced that the ministry nor the government will be subject to pressure to accept any of those contracts and the only thing we accept it is good products that befit the Iraqis will not succumb to blackmail one of whether pressure politically internationally or regionally Next year Aljudidastekarara significantly to the process of providing the components of the ration card which will be good also to all areas of the country, including hot spots that the staff of the Ministry and their cadre to the killing and kidnapping had a large chunk of them to leave.

Sotaliraq.com

The Ministry of Finance is preparing to take over the Japanese loan of 3.5 billion dollars by the end of this month
Monday, 15.01.2007, 8:12 am (GMT)

Preparing the Ministry of Finance to take over the Japanese loan of 3.5 billion dollars by the end of this month after it signed an agreement with the Japanese embassy during the bilateral meetings held for the period from 12-December 18 last in Oman, said a source with the ministry, it is expected the arrival of the Japanese loan of 3.5 billion dollars this month and for the implementation of projects reconstruction of the country as they pertain to sectors of electricity, oil, water resources and industry.

The source pointed out that it is currently discussing legal and administrative aspects of the implementation of the loan after the approval of the Economic Commission for the projects prepared by the relevant ministries on the other hand, discussed the House in its meeting held yesterday in the framework of its second legislative vicious two discussions financial budget for 2007 and held discussions with Deputy Prime Minister Barham Salih, and Finance Minister Baqer Jabr Al-Zubaydi, Planning Minister Dr Ali Baban, governor of the Iraqi Central Bank, Dr. Sinan Shabibi.

The Financial Control informs ministers of their ministries' infractions
14/01/2007
Source: Translated by IRAQdirectory.com

The Financial Supervision Office said that Ministers were informed of the infractions and administrative problems in their ministries.

Dr. Abdul Basit Turki Sa'eed, the Chief of Staff, said in a press statement:
The most prominent violations which were diagnosed by the Office in the State ministries are: the trespassing on public property, the existence of administrative structures that do not have any legal basis and the unauthorized disposal of public money.

He added: the Office informed the ministries of the appropriate solutions, and is still investigating other violations to find out the truth for the preservation of public money.

He pointed out: The Office is about to complete the 2006 audit in ministries of the State after it had completed the accounts of 2005 and transmitted them to the Parliament.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2945


Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget

Welcome to AlRafidayn: The Iraqi information service

A navigational agent: berthing operations stopped in the Iraqi port of Basrah
14/01/2007
Source: Translated by IRAQdirectory.com

Navigational sources said on Thursday that oil tankers berthing operations stopped in the Iraqi port of Basrah, due to maintenance operations to be done next week.

Al-Khaleej Company for Warrants said that the berthing operations in the main export port in southern Iraq were suspended on the 9th of January.

It added that the tankers already anchored will be allowed to complete the loading operations before the maintenance work begins which is scheduled on January 15 and will continue until January 20.

The Iraqi navigational source said that "maintenance will take at least four days. This means the loss of six million barrels of exports, at least, based on the export rate which is estimated at 1.5 million barrels a day".

http://www.iraqdirectory.com/DisplayNews.aspx?id=2946

The government lifts government subsidy on imported oil derivatives
Expectations of the dinar rise against the dollar
14/01/2007
Source: Translated by IRAQdirectory.com

The Iraqi Minister of Finance, Baqir Jabr Al-Zubaydi, announced that the ministry had adopted a clear economic strategy leading Iraq to prosperity, pointing out that the current year's budget lifted the government subsidy on imported oil derivatives, and provided 136 job opportunities.

He explained, during the discussion of the new budget in the Parliament, that the International Bank provided $ 500 million to finance investment projects on facilitated terms, repaid in 40 years, with a permitting period of ten years. Iraq also concluded a memorandum of understanding with Iran under which Tehran finances projects with $ 1 billion, repayable over 40 years, demanding that the authorization of ministry to negotiate for agreements with other countries and donors.

The adviser of the Iraqi Ministry of Finance, Aziz Mohammad Jaafar, displayed the 2007 budget which estimated the expenditures at 41 billion dollars and imports at $ 33.3 billion, of which $ 31 billion of crude oil revenues, on the basis of 50 dollars a barrel, and the rest from taxes, as the ministry is working to improve the means of collection.

Jaafar indicated that the budget would allocate $ 2.4 billion for importing oil derivatives, with the exception of kerosene which will be imported by the Ministry of Oil.

He added that more than four billion dollars were allocated for importing the components of the ration card, 750 million dollars for the network of social protection and more than three billion dollars for other expenses, pointing out that 5% of the oil revenues go to Kuwait as compensations, which leaves around $ 32 billion after paying $20 billion.

A number of deputies warned of the dangerous reactions towards the lifting the government subsidy for oil derivatives. The deputy, Hassan Al-Sunaid, said that the reactions of the citizens will be disastrous, especially after the complete lifting of the government support, which would cause a significant increase in the oil derivatives prices.

Some deputies pointed out that the rate of the dinar will continue to rise significantly against the dollar, before the middle of this year. They expected the dinar to reach 1200 to the dollar, after being 1480 dinar to the dollar last November.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2947

15-01-2007

Doubts about the feasibility of American efforts to rebuild Iraq
0748 (GMT+04:00) - 15 / 01 / 07-Washington, the United States (CNN)

Is success ÓíÍÇáÝ Bush's program for Iraq reconstruction
Several questions on the feasibility and impact of about two billion dollars request of President George Bush allocated additional aid for the reconstruction of Iraq following the Washington pump 22 billion dollars during the period between 2003 - 2005, experts estimated the need for $ 55 billion to help recover from the effects of war and looting, as well as the economic decline ...

Some question the success of the new strategy on Iraq reconstruction and Bush's proposal to expand U.S. aid teams working in all parts of Iraq, because of the limited assistance dearth of volunteers.
The latest crack that President Bush has resorted to issuing orders to send government officials to the American war, just as happened in Vietnam in 1975, according to the Associated Press.

In this context, retired General Practitioners and the tasks of reconstruction after the war in the Council on Foreign Relations, William Nash, "in fact, the Foreign find extremely difficult to fill in the blanks such difference."

The Foreign Ministry announced earlier in the deployment of several hundreds of civilian advisers and raise preparation difference called "initial reconstruction teams" of ten to 18 team at least.
Foreign faced obstacles at the commencement of its functions during the period 2005-2006 because of the scarcity of volunteers to work in dangerous places Kalanbar, and had to use elements of the army to meet the need.

According to a report by the auditing and accounting prepared by the American government in October that, in view of the deteriorating security situation, managed only four of the 13 teams in the performance of their duties "in general."
The volume of budget aid for the reconstruction of Iraq for 2007 had dwindled to $ 750 million, but that Bush proposed to allocate an additional $ 1.2 billion.

It is said that Washington spends about $ 100 billion annually on the war alone.
On the allocations for the American reconstruction of the current year, said a specialist in the budget "status and Ordo Wilson" Washington "at best symbolic. It will not have a clear impact in Iraq. "

Called "a study of Iraq" during its recommendations in December last American Administration 53/46 rebuild Iraq to five billion dollars per year.

The Iraqi Ministry of Electricity that Iraq needed $ 27 billion to rebuild a power of electricity to meet the growing demand for energy.
The new report was prepared by "the government accounting office" that the American need for Iraq's electricity during last year amounted to 8,210 MW in the average volume of 4,317 megawatts of energy produced.

Provided the capital Baghdad power for six hours a day on average during the last summer.
The report reveals that Iraq reconstruction projects financed from the export of oil, which retreated to the production of 900 thousand barrels a day, down from the U.S. goal of producing three million barrels per day.
The Iraq's oil production is 3.7 million barrels per day during the 1970s.

The oil sector is to bleed disseminated through attacks and acts of sabotage and lack of maintenance, the phenomenon of widespread corruption.

The report says "the government accounting office that" 30% of the fuel products Iraqi smuggled out of Iraq or find their way into the black market locally.

No spent the Iraqi Oil Ministry's budget year 2006 amounting to 3.5 billion dollars due to the fragility of the financial management systems, according to the American report.

bazrgany

They don't understand that those few billions would help, there is so much more money needed.

Unless you know that it would RV!

15-01-2007

The scarcity of oil derivatives in Iraq due to the decline in foreign shipments
Baghdad-Adel Mahdi life-15 / 01 / 07 /

A source in the Iraqi Oil Ministry told «life» Scarcity of oil derivatives in the southern governorates and the Euphrates East and northern regions due «loitering in the delivery of these products from the neighboring countries», ...

He pointed out that there are currently large amounts of derivatives at the Iraq-Kuwait border since November 16 last (November), because of a conflict with the way through tank devoted to the military forces multinational force, the latest delivery of these derivatives to the Iraqi governorates.

The source said that Iraq imports from Kuwait about three million liters of benzene, two million liters of kerosene article, as well as one million liters per day of oil, gas rule, stressing that these figures fill a large part of the need the central and southern regions of the country.

The source added that the import of oil derivatives from Iran has delayed Finally, because of bad weather and snowfall near the outlet Mundhiriyah border, pointing out that both sides, Iraqi and Iranian outside the emergency conditions have begun to deliver oil products contracted with the Iranian side. As for petroleum products originating in Turkey, the source pointed out that most of Turkish companies that have been contracted to provide petroleum products to the northern areas had stalled, although most of the payment of amounts owed by the Iraqi side.

He assured source of Iraqi citizens to the presence of large quantities of oil derivatives in warehouses in the country in general.

The regions of the Kurdistan scarce in the electric power, fuel, a rise in oil prices and the electricity bill for private generators recently.

This coincided with a new wave of cold and snowfall, with citizens complained of an unprecedented rise in fuel prices, with the price per barrel of kerosene to 300 thousand dinars (250 dollars).

bazrgany


Prices keep rising, I want to hear it today!
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Kiko, this explains the 136000 job opportunities...

Iraqi News
Sunday, January 14, 2007 Iraq to allocate 136,000 work opportunities in 2007
(MENAFN) The Iraqi Minister of Finance said that his ministry is depending for the first time on a new and clear economic strategy by allocating a budget that will support all service, economic and security sectors, Al-Sabah reported. The minister said that the government will lift its support from the imported oil derivatives as well as allocate 136,000 work opportunities during this year. The international bank had offered $500 millions to finance the investment projects according to possible conditions paid over 40 years with 10 as a time limit. Moreover, Iraq had signed a Memorandum of Understanding with Iran, through which around one billion dollar will be paid to finance projects, would be paid over 40 years.
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Iraqi News
Sunday, January 14, 2007 U.S pledges another $1.2 billion for Iraq
(MENAFN) U.S President Bush's pledged last week another $1.2 billion in economic aid for Iraq, as well as announcing the appointment of a reconstruction coordinator, News Observor reported. Bush said the Iraqi government would spend $10 billion on a jobs program, and he supported creating an "International Compact for Iraq" to forgive the country's debt and encourage foreign assistance. Iraq's economic picture isn't rosy as unemployment is estimated to range from 20 percent to 60 percent. Inflation in November, the latest estimate available, was running at 51.9 percent on a year-over-year basis. The Bush administration is trying to create jobs in the hope that that might ease one factor that's driving young Iraqi men into insurgency. U.S. military officials said last week that they wanted to steer 25 percent, or about $1 billion, of the government contracting now done in Iraq to support Iraqi factories and companies.
Copyright ©2000 MENAFN All Rights Reserved

Disclaimer: Trade Bank of Iraq and MENAFN are not responsible or liable for the accuracy of all information including but not limited to financial market data, news, stock quotes, energy rates, currency rates obtained from MENAFN modules and shall not be responsible for trading and investment decisions made based on such information. Therefore the accuracy of this information and its applicability to your needs are not guaranteed

Originally posted by rvwannadejaheart

ÇáÈáÇÏAl-Shibib. The proposed investment. Papan and calls for speedy ratification. Saleh told consolidated themselves and is the largest in the country's history


He said the Central Bank Governor Sinan Shabibi : "The new budget is an investment budget and the size of a large investment in terms of economy." He added during the discussion of budget 2007 at the 9th session open to the House : "The role of the World Center is to address the imbalance resulting from the development process that will produce changes in the economic structure are basic." The Shabibi : "The work of the Central Bank is to achieve development in a stable monetary, it is concerned with all means and policies to achieve economic stability and moderation in the environment straight and moderate inflation rate." He continued : "Our budget for the preservation of resources, and will be achieved through combat inflation. We have a number of measures including raising the exchange rate of the dinar. " He pointed to Shabibi : "The impact of this action on the budget through the impact on the purchasing power of the government, will increase by addressing inflation." He reported : "Such a policy will increase the confidence dinars, which will pull some of the money to the banking sector and the rationalization of government spending manner between the impact on inflation." And between Shabibi said : "This matter will lead to the reduction of prices of import goods such as private sector imports and the import of the government's development that come from the conversion of the Iraqi dinar to the dollar." He said : "This is political as weaken the government's ability to buy the dinar, the dinar, which is owned forces." He added Shabibi : "We want an impact on the economic and monetary policy by making the dinar a valuable and powerful." The Minister of Planning Development cooperation on Papan the House to expedite ratification of the 2007 budget. He said during a discussion of the financial budget for 2007 in the House of Representatives on Sunday : "The ratification of this budget will have a positive impact on the completion of many projects and the delay in ratification would delay the completion of those projects." He added : "The Iraqi government could, in this circumstance is difficult to reach the number in the budget has not received any previous government budget is encouraging to complete projects ministries during this year." And between the two doors : "The Ministry of Planning and raised the slogan of more investment projects and state benefits, and the priority in these projects." He stated : "The achievement of some proportions in the ministries was hurting because of the political and security circumstances through which the country is going." He said Deputy Prime Minister Barham Salih : "The new year should see the implementation of many projects that serve the Iraqi people and the Iraqi economy at the same time." He added during the budget debate in the 2007 session of the Council of Deputies : "The last stage took the bulk of the budget to finance the security side, because it was a first priority in the life of the Iraqi citizen, as well as the funding Altoineh card, which is working to raise the heavy part of the Iraqi citizen, and not last year, the level desired by the government or the House of Representatives in terms of the implementation of projects." And Saleh : "The current budget would be substantial had been earmarked for this five year, $ 15 billion, which was the largest budget in the history of Iraq must therefore be this year overview of the implementation of investment projects and validation at the same time a large number of projects that will be a factor in the lifting of the Iraqi economy and Kalak work to provide opportunities Working for the Iraqi people. " He explained : "It is essential that Iraqi citizens will feel the improvement in the security situation and service and working to find ways in which we can deliver to the citizens that the Iraqi government is working for raising the standard of living of it." And : "that the government should allocate funds to the ministries of state, but we believe at the same time that the problem does not lie in the allocation of funds, but the imbalance in the administrative corruption and mechanisms wrong which is one of the causes of wasting public money and not put in its proper place, as well as worker enters smuggling in the factors which contribute to wasting public funds. The Baiji refinery loses each year one billion and a half billion because of smuggling operations. And we believe that privatization is not the fundamental problem, but there are other factors that must be eliminated, such as administrative corruption

جريدة المواطن العراقية

Originally posted by kiko

Alowaeli : Iraq intends to host the Gulf and the establishment of 20 Olympic stadium in Basra
By Hadi Hadi
Baghdad - (Voices of Iraq)
Basra governor Mohammed Misbah Alowaeli today, Monday, that the Prime Minister Nouri Al-Maliki decided to build a city medal in the international specifications in the city of Basra.
He added Alowaeli, who is visiting Baghdad News Agency (Voices of Iraq) Independent today that "the city of Olympia large playgrounds in the city of Basra."
The Prime Minister Nuri al-Maliki has instructed by the Minister of Sports and Youth Jassim Mohammed Jaafar, Judge Wael Abdel Latif, governor of Basra Muhammad Misbah Alowaeli and trainers Uncle Baba, Ahmed Hadi and administrative Basil Abdel Mahdi to go to the United Arab Emirates and attend the opening of the Gulf Cup 18 to discuss the two Asian and Gulf to host the Gulf Cup 20 in the province of Basra.
The Alowaeli that "the security situation in Basra Governorate good" denied that "there is control or influence the government by the religious parties and trends available to maintain the security situation."
And to say "I do not deny the existence of some of the violations because the situation in Basra different from the situation in Iraq in general and can catalog of the first provinces in stability and security."

The Governor of Basra, "will be a special event this year, in terms of establishing projects and we are now awaiting approval of the budget by the House of Representatives to begin the implementation of large projects and strategy will change the face of the city."

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