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

Fuel-suffering (achieve)
كتب: nakr2004 في يوم الجمعة, 26 يناير, 2007 - 09:19 AM BTBooks : nakr2004 on Friday, January 26, 2007 9:19 AM-BT

The scarcity of fuel. The problem added to the suffering of the Iraqi security and economic
Fuel crisis" is not new titles in Iraq ... The country that has the second largest oil reserves in the world, but the aggravation of the crisis and continuity make it burdens citizens who are forced to buy oil derivatives from the black market ... While expressing their concern over the actions of the Ministry of Oil, which have made fuel another problem added to the suffering and economic security.
Aqeel says Salem, who was standing in a queue waiting for a large supply of kerosene, "I Lapite for the second consecutive day near the station, I watched as they held the staff of the station side deals with (sailors) for the purpose of oil derivatives provide them at our expense ... While we await a liter of kerosene for use in heating with low temperatures. "
He continues Salem News Agency (Voices of Iraq) Independent, "Even the prices of petroleum products vary from station to another, and I believe that ignoring the ministry is in the standardization of prices, which provided a legitimate cover for corruption."




citizen Haider Alsaidi that some stations were packing control by some armed groups wondered about "the role of protecting oil installations, which number more than ten thousand affiliates associate What is to be undertaken by the Directorate Machid at some stations mobilization of anarchy."
."With the citizenship or pleasure "in every winter recurrence of this problem because of the lack of product and administrative corruption, which is suffering from high oil Foundation."
She adds, "Despite all the measures taken by provincial and district councils to control the distribution process is not just that the methods employed in the stations Ttlon with each new plan as is the case with the armed groups, which run through all the new security plan in the country."
She said, "today announced the distribution of 50 liters of oil every ration card and wondered," but we are in the middle of winter and I am in my house three space heaters because the family is large enough 50 liters of oil for one week? " She says, "I think that the government and the Oil Ministry must stand united against this serious problem."

FULL STORY FOLLOW : Translated version of http://www.aswataliraq.info/index.php

Thursday, January 25, 2007 USAID allocates $9.9m for Iraqi microfinance organizations
(MENAFN) Officials at the United States Agency for International Development (USAID) said that the agency has allocated $9.9 million to set up or develop sustainable Iraqi microfinance firms, Iraq Economy reported. USAID also helped to establish three local microfinance organizations in the north, west and center of the war-torn country. The U.S agency assisted the Iraqi founders in registering with the NGO office, awarded each a start-up grant of $250,000 in loan capital, provided staff training and individualized technical assistance, and worked with local U.S. military civilian affairs teams, which support initial operational costs. Microfinance operations throughout Iraq support lending to around 17,000 clients with a total portfolio of approximately $19 million.

Trade Bank of Iraq - Your Trade and Investment Partner in Iraq

Noozz.com | IRAQ

LEADING STORY

An Inflated and Destabilised Economy in Iraq

In this first quarter of 2007, the economic picture in Iraq has changed little since the same period the year before. In the meantime, the USA is losing its will to continue both military and economic aid to the country.


SO REVALUE ALREADY!! :)

The International Federation of Businessmen preparing a conference on reverse migration of Iraqi capital held by mid-April 2007

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26 January 2007 (Iraq Directory)
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The International Federation of Businessmen in Iraq intends to hold an extensive conference overseas aimed at the return of Iraqi capital to invest in Iraq, as prescribed by the new investment law.

Head of the Federation, Hamid Al-Uqabi, said that this conference seeks to achieve the reverse migration of Iraqi businessmen and capitals, which migrated because of the security situation in Iraq.
He explained that the conference, which is adopted by the International Federation in coordination with the Iraqi government and businessmen at home and abroad as well as the institutions of civil and economic society, is expected to be held next mid-April after completing communications, procedures and official approvals in Iraq and then the approval of the host which will be Egypt, Oman or Syria, but most probably Jordan.

Al-Uqabi pointed out that the Iraqi capital, scientists, and businessmen have intensified their activities in the neighboring countries and most countries of the world at a time when Iraq is in great need to its people's funds to build it.
As for the question of whether the conference will be held in Baghdad and the reason for holding it in neighboring countries, he said that: the security conditions that led to the migration of capital and contracts are still there, but we believe that the future is very promising and this conference will define the mechanism and orientations for an investment immune from terrorism and complexities.

He stressed the importance of such a conference to discuss the implementation of the new investment law where the difficulties before the private sector to be overcome and raise the dominance of the public sector over economy and all joints, leading to the basics of market economy.

Al-Uqabi hinted to the fact that the explosive policy which the government looks forward to implement is optimistic and heartened by the businessmen, but he reiterated the need to provide guarantees for the rights of foreign and Iraqi investors.
He said that: the financial and administrative corruption rampant among the State institutions stands as an obstacle to start the construction and reconstruction of that investment. He also considered administrative corruption and terrorism as two sides of one coin and called for action to purge government departments of corrupt and abolition the laws and regulations that justify the corruption continuity in the private sector.

He recalled the importance of laying the groundwork for the return of reverse migration of businessmen and capital through coordination with the resolution centers, including the economy chancellor in the Cabinet and Parliament and the Ministry of Planning.

And on the question about the eligibility of the Iraqi private sector Hamid Al-Uqabi said that:
there is considerable experience in the area of steering the economy but that, however, does not prevent the rehabilitation of businessmen to promote their role and performance in the implementation of the explosive policy which Iraq looks forward to achieve.

He called for the adoption of the principle of transparency and the abolishing of discriminatory feature of the public sector and its dominance over economic decisions as well as over the private sector.

Al-Uqabi reiterated the call for the formation of a supreme council of Iraqi businessmen adopts the coming economic policy in coordination with the government, pointing out that the government economic program which is moving towards the market economy must balance among the three conditions which are the most important challenges facing the world, namely, (globalization, free economy and technological development), pointing out that many economic politicians condone this fact which indicates the weakness of the movement towards a specific economic approach .

He called for legislating laws that encourage the free trade system of currencies and flexible laws that would remove restrictions on the movement of funds and encourage investors to attract investments through reconsideration of tax rates.

He said: still many economic politicians in Iraq believe that the process of economic reform is merely gains accomplished by the private sector. This wrong vision is delaying the required changes. Stressing that the time for such thinking has gone. He urged the government to adopt an effectively ambitious program that would dispel such fears which are groundless.

He added at the end of his talk that foreign investment is an important source of financing development programs through the establishment of important projects that create jobs and absorb unemployment, raise the standard of living, contribute in increasing the national income, rebuild the infrastructure and promote the level of services.

Stressing the need to match between the process of economic development and human development, which is in the forefront, to begin the construction of the new home.

no link found on iraqi blog
but i need some help to brake this down in plain english.....anyone




The relationship between the dollar and the dinar.


It was said that the reduction would affect the exchange rate of inflation I asked yesterday, I remain convinced that the actions taken did not have any real impact on the market is that the differentials in rates will benefit the treasury in the finance? Said that the issue of "independence" of what is meant here as "independence!" Will we have in this case (15) the government and not a single government! If the Ministry of Finance to coordinate with the Central Bank to reduce the dinar, is obtained for the study was a question whether the issue concerned? Said that the Central Bank independent in its decisions, which aims to raise the rate of the dinar. Independent? Yes, but limits it must be coordinated with other relevant actors, must be examined. I think it should be re-examined the concept of the independence of bodies and departments and ministries in decision-making in order to understand the limits of autonomy, as there is no single ministry, but there are a number of ministries and bodies and the great imbalance in the State Department, which is incompatible with the concept of decentralization. Anyone who thinks that this is the concept of decentralization concept of this chaos in the administration of the State. I would imagine that the budget reflects the desire to please the International Monetary Fund and known to many of the reservation and the performance of the International Monetary Fund. The country is not hesitate many cases, politicians, experts and citizens in the media and described chaos, but we "excel" in the application of the recommendations of the International Monetary Fund! But have no justification for demanding the postponement of some obligations, some of the "reforms"? The exceptional circumstances and meet the demands of the International Monetary Fund at the expense of the citizen, at the expense of the livelihood of the poor, and thus are talking about increasing the salaries of retirees to include only those who retire and forget who retired, and the pension law suffers from a long, but from the other side, these actions rushed to appease the International Monetary Fund! I do not refuse to deal with the International Monetary Fund but should be done according to a study take into account the circumstances of the country and the standard of living of the majority of people.

The issue cuts to compensate Kuwait :
.I think that the Ministry of Finance can not do anything in this regard, it must be lifted recommendation to the government to carry out the necessary contacts to solve this problem inherited from the the Principles.
Finally : the reduction of the rate of return on taxes from customs and other trend is harmful to the country. When we have a few of import taxes destroyed local industry, as well as agriculture destroyed because everything is imported at lower prices, and a competitor to our national, must serve the financial policy development and production taxes is one of its tools.

A press statement-Prime Minister Meets Minister of Oil

(Voice of Iraq) - 26-01-2007
This issue was sent to a friend

Press statement
Prime Minister Nuri Kamel al-Maliki in his office in Baghdad today, the official Oil Minister, Dr. Hussein Shahrastani, and discussed with him ways to resolve the crisis and oil derivatives as soon as possible, as was discussed in the process of speeding up the building of refineries and fuel purification stations and increase the production capacity of oil.

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

World Economic Forum Annual Meeting 2007

The Shifting Power Equation
24-28 January, Davos, Switzerland

WAY TO MUCH HERE TO POST BUT SOMETHING TO KEEP AN EYE ON SINCE IT IS GOING ON RIGHT NOW.

IT'S A WHO'S WHO OF THE WORLD THERE AND SO IS IRAQ!!

CHEERS
CHRIS

Seven-back to another important issue related to the budget. The budget is based on the exchange rate of our currency is 1260 dinars to the dollar. But the dinar has not attained this level until now. And that will reach practically counted towards surplus of the budget itself. This may be viewed as a kind of tax deduction imposed on the budget, had at least 14% of the budget. It is natural that this will be reflected on the overall allocations, including investment budget allocations (dinars). Raising the rate of the Iraqi dinar would lead to an increase in the cost of the investment dollar, and this concerns not only foreign investors, but the Iraqi investor who saves dollars. Raising the rate of the dinar will be the cost and price of exports of Iraqi products, as compared to lower the prices of imports, and therefore would encourage consumption at the expense of production. Raising the rate of the dinar would have a significant impact in the direction of lowering the rates of inflation because inflation have resulted in the scarcity of supply, not increasing the supply of money. The inflation in the prices of the imported linked primarily to the higher degree of risk in Iraq because of the security situation, resulting in a rise in transport costs and insurance.
Generally such a decision (on lifting the dinar rate of exchange) a multifaceted and complex dimensions, is a decision of great importance to the economic policy and was necessary to be considered and adopted by the Council of Ministers and the federal government before taking its implementation. Especially since the article 110 III of the Constitution clearly states that monetary policy is the exclusive jurisdiction of the federal authorities.

25, 2007
Encouraging signs in Iraq
Greg Richards

Nibras Kazimi has a column in today's (Thursday January 25, 2007) New York Sun titled "Turnaround in Baghdad." His thesis is that we are making real progress in Iraq:



The wider Sunni insurgency - the groups beyond Al Qaeda - is being slowly, and surely, defeated.

Kazimi is a skeptic about the reputation of Geneeral Petraeus, seeing severe flaws in the execution of his two previous assignments in Iraq, but nevertheless thinks that he may reap the benefit of progress that is already evident. He thinks the turning point came in the fall:


Last October, my sources began telling me about rumblings among the insurgent strategists suggesting that their murderous endeavor was about to run out of steam.

Read the whole thing.


Is there any other evidence to support Kazimi's scenario? We here at AT have been pointing to the remarkable surge in the value of the Iraqi dinar that started at about the same time and has continued right through today. Since the September/October period, as can be seen in the chart, the Iraqi dinar has gained about 14% in value, a very large move for a currency.


Following an initial slide in value, the dinar had been essentially flat since its introduction by the Coalition Provisional Authority in October 2003. So the move since September represents a real change in its status. Why has it advanced in value? One reason is doubtless the increase in the interest rate - the Policy Rate - by the Central Bank of Iraq from 12% in September to 20% recently.


But this cannot be the whole reason, nor even the principal reason. Why? Because if there were real fear that the regime would fall, this would be nowhere near sufficient inducement to buy the dinar, which will be worthless if the regime does fall. What the increase in the value of the dinar very likely represents is a "voting with their feet" of the participants in the economy and an increase in the need for dinars for transactions within Iraq.


This increase in value coincides with Kazimi's hypothesis of a turning point in the military situation in October. Of course, there can be no guarantees on any of these points. But we, as citizens, want to strive to assemble our own mosaic on Iraq and not be panicked about the future when we may, after considerable sacrifice and effort, be finally cresting the peak of the hill there.

American Thinker Blog: Encouraging signs in Iraq

Voices of Iraq :: كربلاء- خطبةKarbala - sermon
كتب: alin في يوم الجمعة, 26 يناير, 2007 - 02:24 PM BTAlin wrote : On Friday, January 26, 2007 2:24 PM-BT

خطيب الجمعة فى كربلاء يحمل البرلمان مسؤولية جزء كبير من مشاكل العراقPreacher Friday in Karbala, a parliament for a substantial portion of Iraq's problems
من علي الناشيFrom the young
كربلاء - (أصوات العراق)Karbala - (Voices of Iraq)
حمل خطيب الجمعة فى كربلاء اليوم مجلس النواب العراقى مسؤولية جزء كبير من مشاكل العراق بسبب عدم إكتمال النصاب القانونى لجلساته فى الفترة الأخيرة ، وإعتبر أن الوضع الأمنى لا يساعد النواب على الحضور حجة غير مقنعة حيث يجيز الدستور نقل الجلسات الى مكان أكثر أمنا .Preacher held Friday in Karbala today by the Iraqi parliament for a substantial portion of the problems of Iraq because of the lack of quorum for its meetings in the recent period, saying that the security situation does not help the deputies to attend the argument unconvincing as the Constitution allows the transfer of meetings to a safer location.
وقال السيد احمد الصافي ممثل المرجع الشيعى الأعلى آية الله على السيستانى فى كربلاء في خطبة الجمعة في الصحن الحسيني اليوم أن مجلس النواب ليس من حقه أن يعطل نفسه بحجة أن الوضع الأمنى فى بغداد غير مستقر حيث يجيز الدستور له ان يعقد جلساته فى مكان آخر أكثر أمنا.He said Mr. Ahmed net representative of the supreme Shiite authority, Ayatollah Ali al-Sistani in Karbala, in his Friday sermon in the dish Husseini today that the House of Representatives not have the right to interrupt the same grounds that the security situation in Baghdad is not stable as the constitution allows him to hold meetings elsewhere more secure.
وإقترح الصافى عقد الجلسات فى البصرة شتاء وفى الشمال صيفا معتبرا أن الوضع الامني "شماعة يعلق عليها بعض الأعضاء غياباتهم."The net meetings in Basra winter in the north in summer, saying that the security situation "peg attached by some members Giabathm."
وقال" يحز في النفس أن جزءا كبيرا من مشاكل البلاد سببه مجلس النواب الذي أعطى لنفسه اجازة مفتوحة بلا رقيب أو حسيب.. والمجلس يساعد على ابقاء المشاكل على ما هي عليه."He said, "hurtful to see that a large part of the country's problems caused by the House of Representatives, which gave the same leave open without charges or control. The Council helps to keep the problems as it is. "
وقال ان الظرف الحالى "يحتم على أعضاء مجلس النواب ان يكونوا بمستوى المسؤولية وان يبتعدوا عن المهاترات."He said that the current situation "makes the members of the House of Representatives to be the level of responsibility and away from the nonsense."
وكانت جلسات البرلمان قد تم تأجيلها أكثر من مرة في الشهر الماضي بسبب عدم إكتمال النصاب القانوني (اكثر من نصف عدد الاعضاء البالغ 275 عضوا) ، مما اضطر المجلس الى عقد جلسات تشاورية.The parliament sessions have been postponed more than once in the last month due to lack of quorum (more than half the members of 275 members), forcing the Council to hold consultative meetings.
كما توقفت الجلسات في الفترة السابقة بسبب عطلة عيد الاضحى المبارك وسفر العديد من الاعضاء لأداء فريضة الحج.Meetings also stopped in the previous period due to holiday Eid Al-Adha holiday and travel many members to perform the Hajj.
ح مH M

Translated version of http://www.aswataliraq.info/?newlang=ara