Thread: Iraq/Dinar News. before Febuary 2nd 2006

KRG Oil Deals to Go Through Baghdad


The spokesman for the Iraqi Ministry of Oil said that potential oil deals and projects in the Iraqi Kurdistan Region must be forwarded to the parliament in Baghdad.

"Once drafts and proposals are submitted, they will be reviewed and discussed for approval at the parliament where representatives of the Kurdish list can offer their suggestions and comments regarding the proposed plans," said the Iraqi Minister of Oil.

"Oil revenues from across the country will be kept in a special treasury box to be handled by the central government for later distribution to the country's regions, depending on the size of the population in each region," added the Minister.

In a recent statement, Kurdish authorities said they had not been informed by the central government of the new legislation regarding oil revenues. Iraqi Kurdistan Region had earlier been given the authority to negotiate contracts and sign them, according to Kurdish officials.

KRG Oil Deals to Go Through Baghdad

Petraeus: More troops support new strategy
by Sgt. Sara Wood, American Forces Press Service
Published: Thursday, January 25, 2007 11:42 AM CST
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WASHINGTON, D.C. - President George W. Bush's pick for command of Multi-National Force- Iraq supports the new strategy for Iraq and emphasized that additional U.S. forces are essential in accomplishing the mission there.

"If we are to carry out the Multi-National Force-Iraq mission in accordance with the new strategy, the additional forces that have been directed to move to Iraq will be essential, as will greatly increased support by our government's other agencies, additional resources for reconstruction and economic initiatives, and a number of other actions critical to what must be a broad, comprehensive, multifaceted approach to the challenges in Iraq," Lt. Gen. David Petraeus said Jan. 23 at his confirmation hearing before the Senate Armed Services Committee.

Petraeus, currently the commander of the U.S. Army Combined Arms Center and Fort Leavenworth, was nominated Jan. 17 to be promoted to general and take over command of MNFI from Gen. George W. Casey Jr., who has been nominated to become the Army chief of staff.


The new strategy for Iraq shifts the U.S. focus in Iraq to securing the population and creating secure conditions to enable the Iraqi government, Petraeus said. Solving security problems will not be the ultimate solution for Iraq, he acknowledged, but the Iraqi government cannot deal with the political issues it must resolve while violence in Baghdad creates life-or-death situations for citizens every day.

"The objective will be to achieve sufficient security to provide the space and time for the Iraqi government to come to grips with the tough decisions its members must make to enable Iraq to move forward," Petraeus said. "In short, it is not just that there will be additional forces in Baghdad; it is what they will do and how they will do it that is important."

When questioned directly, Petraeus said he would not be able to do his job as commander of MNFI without the additional 21,000 troops Bush has pledged to Iraq. Deploying these additional forces will make it difficult to increase time between deployments for troops who have already been burdened by the War on Terror, he said, but plans are under way to sustain increased force levels.



The increase of 92,000 in the overall strength of the Army and Marine Corps, which Defense Secretary Robert M. Gates announced Jan. 11, will also help alleviate this strain, he said.

"Our ongoing endeavors in Iraq, Afghanistan and elsewhere are people-intensive, and it is heartening to know that there will be more Soldiers and Marines to shoulder the load," Petraeus said.

The coalition will continue to transition control of Iraqi forces and provinces to Iraqis, and the U.S. advisoe effort will be reinforced, Petraeus said. The focus on security in Baghdad will require that U.S. and Iraqi commanders become familiar with the areas they are operating in and work together to establish a permanent presence in areas where violence has been eliminated, he said.



In addition to overcoming security challenges, success in Iraq depends on actions in political and economic areas like governance, the distribution of oil revenues, national reconciliation, improvement in the capacity of Iraq's ministries, the establishment of the rule of law, and economic development, Petraeus said. To bolster progress in these areas, all agencies of the U.S. government need to step in and provide assistance, he emphasized.

"Our military is making an enormous commitment in Iraq; we need the rest of the departments to do likewise, to help the Iraqi government get the country and its citizens working, and to use Iraq's substantial oil revenues for the benefit of all the Iraqi people," he said.

The situation in Iraq is serious, and it will take time for the new strategy to be effective, Petraeus noted. The additional U.S. forces will need time to deploy to the region, become familiar with the situation, and set the conditions for successful security operations, he said.



"The only assurance I can give you is that, if confirmed, I will provide Multi-National Force-Iraq the best leadership and direction I can muster; I will work to ensure unity of effort with the ambassador and our Iraqi and coalition partners; and I will provide my bosses and you with forthright, professional military advice with respect to the missions given to Multi-National Force-Iraq and the situation on the ground in Iraq," Petraeus said to the committee.

If confirmed, this assignment will be Petraeus' fourth deployment of one year or longer since the summer of 2001; three of those deployments were to Iraq. Petraeus led the 101st Airborne Division in Mosul during the first year of Operation Iraqi Freedom, served as the first commander of Multi-National Security Transition Command-Iraq from June 2004 to September 2005, and commanded the NATO Training Mission-Iraq from October 2004 through September 2005. As commander of the Combined Arms Center and Fort Leavenworth, he oversees the organizations that educate Army leaders, draft doctrine, craft lessons learned and help units prepare for deployment.

Petraeus acknowledged that the command of MNFI will be a heavy burden, but he said he is ready to take on the position. Not only is he eager to serve again with America's deployed troops, he said, but he feels an obligation to help the Iraqis, who are struggling to lead normal lives while their government forges a way ahead that will be anything but easy.



"Hard is not hopeless, and if confirmed, I pledge to do my utmost to lead our wonderful men and women in uniform and those of our coalition partners in Iraq as we endeavor to help the Iraqis make the most of the opportunity our Soldiers, sailors, airmen and Marines have given to them," he said.
Leavenworth Lamp - News

Originally Posted by Dinar Cha Ching

I was surprised by your response Worf. My observations aren't emotion based but logic based. We'll agree to disagree on this. Fortunately I don't think it'll be much longer until we know how this plays out.

No offense intended. Maybe I am having a bad day or something. Maybe I'm beyond tired of waiting. Maybe it's getting to me. One thing for sure, I meant no offense to you. It just seems lately with all of the rumors looking promising and then not panning out, I am beginning to wonder if maybe Munnybags might be on to something about a slow painfull dragged out reval. I guess I am just feeling the financial pressure a lot these days.

Have you ever thought about it? One day today I am poorer than a churchmouse. Then bingo they flip r/v switch and suddenly I am a multimillionaire. I am longing for the days after they flip the r/v switch but stuck with the reality of the days before they flip the switch.

Once again, sorry if I offended you,

Your fellow dinaraholic, dinargang member,

worf

PS I like your thinking better than mine. Do you mind if borrow some?
thanks,

Originally Posted by Offshore-Wealth.com

Interesting,

As we all know, there is a lack of commitment within the Iraqi government, and to think that shaming those who failed to attend will work is pathetic. Most of those who are not attending are busy leading their militia and attacking the opposite sects, Sunnis and Shiites, so how could you shame these individuals into showing up for important votes which will serve the poor. Heck, I would bet most are illiterate, as has been pointed out, so they cannot even read the docket on parliament votes. (g)

What they need to do is not fine them $400.00, give each what they really strive for, a one way ticket to martrland, after all, this is what these terrorists strive for, so I think they should get what the deserve. Think about it, they are earning more than most American families combined, and they can't get their butts to a parliament meeting once a month to vote is pathetic.

We heard of the reshuffle from Maliki months ago, yet we have seen nothing to date, just about what we would expect having seen the announcement of 10K dinar and never seeing it happen. Sure makes you wonder about these people, are they all illiterate, or is it intentional torture of the poor which motivates no action. I think they have learned the American Democracy system just a little to well, after all, our politicians are also way out of touch with the poor and middle class, so same old same old is how I see it.

Good luck to all, Mike

Right you are Mike. And so another Iraqi "work week" (acutally should be just "week" as no work is ever done) goes by with absolutely no progress in any way, shape or form unless arabs killing each other is considered progress!! It is indeed time to get rid of the illiterates (which means the vast majority of them) and Maliki. All the news originating from Iraq sounds like a broken record. Perhaps Worf is right.

great post Mike[OSW]...it is past time to get rid of all these illiterate people in the Parliament....and maybe Maliki needs to go to....he seems to be big on words....but small on doing it....and if they are making that much money to be in parliament or government,they should be there every day to vote on important issues....while they off somewhere leading their own Militias against their own people,most Iraqi's are suffering...get rid of the lot,before their people lose faith with the entire idea of democracy.....they have a goldmine right there in front of them but are too stupid to act upon it.....IMHO...Pat

Originally Posted by worf

No offense intended. Maybe I am having a bad day or something. Maybe I'm beyond tired of waiting. Maybe it's getting to me. One thing for sure, I meant no offense to you. It just seems lately with all of the rumors looking promising and then not panning out, I am beginning to wonder if maybe Munnybags might be on to something about a slow painfull dragged out reval. I guess I am just feeling the financial pressure a lot these days.

Have you ever thought about it? One day today I am poorer than a churchmouse. Then bingo they flip r/v switch and suddenly I am a multimillionaire. I am longing for the days after they flip the r/v switch but stuck with the reality of the days before they flip the switch.

Once again, sorry if I offended you,

Your fellow dinaraholic, dinargang member,

worf

PS I like your thinking better than mine. Do you mind if borrow some?
thanks,

No offence taken. I was just surprised that you were endorsing the slow drip RV. I can understand how you feel. When I feel that way I usually take a one week hiatus from the forums. I've found that there are actually other things on the internet besides dinar forums.

Originally Posted by goldraker

This had a date of 01/21/2007. It might be one of these recycled articles. Sorry no link.

Its a recycled article....

The banking and business community to show considerable interest in the proposal equality dinar dollar
The banking and business community to show considerable interest in the proposal equality dinar dollar
Source : Newspaper Conference -- 29/06/2006

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», on the one hand the equality of the dinar dollar, pointing out «that 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 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.

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=1597

Cheers!
DayDream

Originally Posted by bigopie

great post Mike[OSW]...it is past time to get rid of all these illiterate people in the Parliament....and maybe Maliki needs to go to....he seems to be big on words....but small on doing it....and if they are making that much money to be in parliament or government,they should be there every day to vote on important issues....while they off somewhere leading their own Militias against their own people,most Iraqi's are suffering...get rid of the lot,before their people lose faith with the entire idea of democracy.....they have a goldmine right there in front of them but are too stupid to act upon it.....IMHO...Pat

Question is, how? These people for better or worse were elected. I am afraid they (the Iraqis and us) are stuck with them until the next election unless they can hold a no confidence vote and run a general election again. Only problem with that is the s.o.b.s running the place would never vote for it 'cause they would be voting themselves out of their own plush, gravy job.

Are you kidding? Where else can you make 124k a year, not show up for work, and blow up your fellow countrymen all at the same place and at the same time? Either that or make your 124k a year and live in another country never bothering to report for work? Unfortunately, I afraid we are stuck with them. Maybe the American military can place them on house arrest and not let them leave until their work is finished. In any case what a sorry group of humanity imo.

GGGEEESSSHHHH !!!! I don't mean to sound so negative!!! Maybe we are about to r/v!? Maybe this is the final storm before the clouds break and the sun shines through? I sure hope so. This ride has sure been awful bumpy lately.

worf

i take exception with the phrase "current rumors looking promising". i think realistically the fil-ici-hcl-all need to be enacted b4 any rv. until we see those laws passed and enacted-we will continue to see a slow rv. all rumors are appreciated and there certainly has been more and more corroborating statements with ea rumor. there certainly is an excitement in the air from here to there about this. its gonna come and this year. i have moved off of my 2008 position to 2007. that says a lot coming from me.

Hey Marek!

Thank you for the bringing back the "Thank You" button!

I'll put it to good use!