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

Blasts kill 15 as Bush, Maliki talkby Sabah Jerges in Baghdad
January 28, 2007 03:20am
Article from: Agence France-PresseFont size: + -
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TWO suicide car bombings in the Iraqi capital killed 15 people overnight, as the US military revealed that militants abducted and then shot dead four of its soldiers in a recent raid.

Police also recovered 40 corpses of people killed execution-style in Baghdad yesterday, a security official said.

US President George W. Bush and Iraq's Prime Minister Nuri al-Maliki, meanwhile, held talks on the telephone on the new security plan for Baghdad that envisages putting a total of 80,000 US and Iraqi troops on the streets.

The coordinated suicide car bomb attack near Al-Bayadh cinema in the Jadida district of eastern Baghdad killed 15 people and wounded 55 others, security officials said.

The bombers struck on a high street with shops and businesses on both sides in the mixed Shiite-Sunni area.

A series of similar attacks against Baghdad's commercial districts have left more than 150 people dead over the past week.

At least eight more people died in other attacks on Saturday, while the heavily fortified Green Zone - site of Iraq's parliament and the US embassy - came under rocket attack for a second consecutive day, with no casualties reported.

Mr Maliki's office said he and Mr Bush discussed "ways and means of making the Baghdad security plan successful", adding that Mr Bush had also renewed his commitment to the Iraqi government.

The US military said overnight that 14 militants were killed in air strikes northeast of the capital, while eight people from a Baghdad electronics company were reported kidnapped by armed men.

The military also revealed details of one of the most brazen raids carried out to date by militants on its troops, leaving five soldiers dead on January 20 in the central shrine city of Karbala.

It said in a statement that four of the five US troops killed were first abducted and later shot in the head.

The dusk raid was carried out by English-speaking men in US military style uniforms on American troops who were at a meeting to plan security for the 10-day Shiite mourning ceremonies of Ashura which culminates on Tuesday.

Heavily armed gunmen stormed into Karbala's coordination centre, hurled stun grenades at a group inside a police office and shot dead one US soldier, it said.

They then fled in 4WD vehicles with four kidnapped soldiers, the military said. Iraqi police later found the vehicles near the town of Al-Mahawil, east of Karbala.

"Two soldiers were found handcuffed together in the back of one of the SUVs. Both had suffered gunshot wounds and were dead. A third soldier was found shot and dead on the ground," the US military said.

"Nearby, the fourth soldier was still alive, despite a gunshot wound to the head." He died on the way to a nearby hospital.

On January 21 the military said five US soldiers were killed and three wounded "while repelling" an attack.

But overnight it said the raid had been "well rehearsed", with nine to 12 gunmen crossing Iraqi checkpoints in "a convoy consisting of at least five sport utility vehicles".

After damaging three US vehicles with explosives, "the attackers broke off the assault, withdrawing from the compound with the four captured US soldiers.

"The precision of the attack, the equipment used and the possible use of explosives to destroy the military vehicles in the compound suggests that the attack was well rehearsed prior to execution," US spokesman Lieutenant Colonel Scott Bleichwehl said in the statement.

"The attackers went straight to where Americans were located in the provincial government facility, bypassing the Iraqi police in the compound," Lt Col Bleichwehl said.

The military said it was "looking at all the evidence to determine who or what was responsible for the breakdown in security at the compound and the perpetration of the assault."

An Iraqi security source in Karbala said the attackers used eight SUVs, one of which stayed at the first of three gates leading to the office while the others penetrated the compound.

Four of the attackers "stormed into the room where a US officer and soldiers were located, threw stun grenades and shot at US troops", he said. Other militants outside killed a captive US soldier and blew up his Humvee.

Blasts kill 15 as Bush, Maliki talk | The Sunday Mail

:: الشهرستاني - اسعار- Shahrastani prices
كتب: dhrgham في يوم السبت, 27 يناير, 2007 - 08:58 PM BTBooks : dhrgham on Saturday, January 27, 2007 8:58 PM-BT

الشهرستاني: أسعار المشتقات النفطية باقية على حالها حتى شهر نيسانShahrastani : prices of oil derivatives remain unchanged until the month of April
من هادي الهاديBy Hadi Hadi
بغداد-( أصوات العراق)Baghdad - (Voices of Iraq)
قال الدكتور حسين الشهرستاني وزير النفط إن أسعار المشتقات النفطية باقية على حالها حتى شهر نيسان إبريل المقبل الذي من المحتمل أن يشهد ارتفاعا في أسعار المشتقات.
وأوضح الدكتور الشهرستاني في تصريح لوكالة أنباء ( أصوات العراق) المستقلة أنه " وبسبب رفع الدعم الحكومي عن المشتقات النفطية فان االاسعار الحالية باقية على حالها حتى شهر نيسان إبريل المقبل الذي من المحتمل ان يشهد ارتفاعا في اسعار تلك المشتقات."He explained Dr. Shahrastani in a statement to the News Agency (Voices of Iraq) Independent, "and because of the lifting of government support for oil derivatives in the current Aalasar remain unchanged until the month of April next, which is likely to witness a rise in the prices of those products."
وأشار إلى أن " سبب ازمة المشتقات النفطية التي يشهدها العراق حاليا ، خاصة في البنزين، يعود إلى القصف المستمر الذي تتعرض له مستودعات الوزارة في اليوسيفية."He pointed out that "the reason for the crisis of oil derivatives in Iraq, especially in the gasoline, due to the constant bombardment experienced by the Ministry depots in Yousifiya."
من جانبه ، قال الناطق الاعلامي باسم وزارة النفط عاصم جهاد إن عملية رفع الاسعار بالنسبة للمشتقات النفطية متعلقة بالمباحثات التي سيجريها العراق مع صندوق النقد الدولي.Meanwhile, a media spokesman for the Ministry of Oil Assem Jihad confirmed that the process of raising the prices for oil products on the discussions to be held by Iraq with the International Monetary Fund.
وأوضح جهاد لـ ( أصوات العراق) أنه"سيتم تشكيل وفد يضم وزيري النفط والمالية ومحافظ البنك المركزي لاجراء جولة من المفاوضات مع الصندوق للابقاء على اسعار المشتقات النفطية على سعرها الحالي" إلا أنه لم يحدد موعد هذه المحادثات أو مكانها.The Jihad told (Voices of Iraq) that "there will be the formation of a delegation comprising the ministers of oil, finance and the Central Bank Governor to hold a round of negotiations with the Fund for the maintenance of the prices of oil derivatives at the current price," but he did not specify the date or venue of the talks.
وأضاف "تبقى النتائج مرهونة بالمباحثات التي سيجريها الوفد مع صندوق النقد الدولي" مشيرا إلى أن " هناك فكرة برفع الدعم الحكومي للمشتقات لهذا العام والبالغ اكثر من مليوني دولار شهريا ، كما أن كان هناك خطة لمزج السعرين (سعر المستورد والمحلي)بحيث لايتجاوز سعر لتر البنزين عن ما بين 400 إلى 450 دينارا للتر الواحد."He added, "remains subject to the results of discussions held by the delegation with the International Monetary Fund," adding that "there is the idea of government support for the lifting of derivatives of this year and of more than $ 2 million per month, and that there was a plan to blend the two rates of exchange (rate imported and domestic) in such a way that the price of a liter of gas from between 400 to 450 dinars per liter."
ويصل سعر لتر البنزين حاليا 350 دينارا.The price per liter of gasoline up being 350 dinars.
واكد جهاد على"بقاء سعر النفط الابيض كما هو عليه الان والبالغ 7500 لتر لكل 100 لتر مع استمرار الدعم الحكومي له من خلال تخصيص اكثر من 300 مليون دولار لدعم هذه المادة الحيوية بسبب حاجة المواطنين الملحة له."The struggle for "the survival rate of kerosene as it is now, of 7500 liters per 100 liters with the continued support from the government through the allocation of more than $ 300 million to support this article because of the vital need of citizens pressing him."
ح نH n
Translated version of http://www.aswataliraq.info/?newlang=ara

Finance Minister announces raising the dinar exchange rate
Translated by IRAQdirectory.com - [27/01/2007]
The Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, described the budget of 2007, as “ambitious” seeking to resolve the problems of the country in the area of security, investment and unemployment, and expressed his hope that it will to contribute to increased economic growth to 8 or 10%.

The minister said in a press interview that oil resources forms 93% of the budget, while the rest will be secured from taxes and fees. He referred to the allocation of more than ten billion dollars for investment eight billion for security, in addition to about seven billion dollars to support the Ministry of Oil.

He pointed out that the latter amount came from the sale of oil derivatives to citizens, in addition to three billion dollars, for the implementation of projects and building new refinaries.

As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years. And on the subject of lifting support from oil derivatives, he pointed to an agreement with the International Monetary Fund, which pledged to cancel $ 100 billion of Iraq's debt in return for the implementation of economic reforms, pointing out that these reforms developed by international experts, in coordination with the Iraqi government, the Ministry of Oil and Iraqi economists.

He pointed out that the Ministry will continue to support oil derivatives with about seven billion dollars this year, by providing the refineries with free crude oil by 400 thousand barrels a day. The ministry then will sell oil derivatives to citizens, in order to allow it to recover the outstanding amounts estimated at seven billion dollars for the implementation of projects, in addition to allocating three billion dollars of the budget to develop the drilling of oil wells, extending oil transport pipelines and building new oil refineries. He explained that the increase in the prices of oil derivatives will include high-quality imported gasoline, used by luxurious cars, according to the source.

He stressed that dealing with inflation lies in the dinar, since its low rate against the dollar is the main cause of inflation, in addition to obstructing the arrival of goods to the Iraqi depth. He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services.

He emphasized that the crisis of the arrival of goods from the border outlets to the Iraqi market, caused by the deteriorating security situation, the presence of criminal gangs, and administrative corruption, which led to the loss of large quantities of goods and the revival of smuggling operations.

He pointed out that the port of Basra is unable to complete unloading cargo, as some ships delayed more than a month from the date of discharge, which costs the authorities huge fines. He also revealed that his ministry is preparing a study for the rehabilitation of “Khafar Al-Mai” outlet between Iraq and Saudi Arabia, associated to the Saudi port “Al-Ameeq”, to provide a route for the entry of goods into Iraq.

Originally Posted by PlatanoKing

The House of Representatives held its usual after quorum

(Voice of Iraq) - 27-01-2007
This issue was sent to a friend
The House of Representatives held its usual after quorum
From Santa Mikhail
(In addition to the meeting and quorum)
Baghdad - (Voices of Iraq)

The Iraqi parliament held its usual today, Saturday, after a quorum of the meeting and the presence of more than 200 members.

He commended the President of the Council, Mahmoud Almshahadani at the beginning of the meeting that the adoption of the budget 2007 decision today is a great job waiting for the Iraqi people.

Sotaliraq.com

but this was said at the beginning of the meeting (.He commended the President of the Council, Mahmoud Almshahadani at the beginning of the meeting that the adoption of the budget 2007 decision today is a great job) whioch means it hadn't been voted on yet and I read that the Kurds had left the meeting before it was done. This was my understanding about the kurds.

: المالية - الزبيديFinancial-Zubaidi
كتب: nakr2004 في يوم السبت, 27 يناير, 2007 - 09:32 PM BTBooks : nakr2004 on Saturday, January 27, 2007 9:32 PM-BT

وزير الماليه يعرب عن عدم تفاؤله بإمكانية التصويت على الموازنة قريباThe Finance Minister expressed optimism that the possibility of vote on the budget soon
من هادي الهاديBy Hadi Hadi
بغداد-( أصوات العراق)Baghdad - (Voices of Iraq)
قال وزير المالية باقر الزبيدي اليوم السبت إنه لا يشعر بالتفاؤل إزاء إمكانية التصويت قريبا على الموازنة داخل مجلس النواب.According to the Minister of Finance Baqer al-Zubaidi today, Saturday, that he does not feel optimistic about the possibility to vote soon on a budget in the House of Representatives.
وأوضح الزبيدي في تصريح لوكالة أنباء ( أصوات العراق) المستقلة " من الضروري ان يضع مجلس النواب في حساباته ان كل يوم يمر علينا يفوت علينا الفرصة للبدء بإعمار البلاد."The Zubaidi told News (Voices of Iraq) Independent, "it is necessary to put the House in his calculations, every day we fail to seize the opportunity to begin the reconstruction of the country."
وأضاف " الحكومة تعتقد ان هذا التأخير غير مبرر ويجب ان يعقد اعضاء البرلمان جلساتهم للانتهاء من الموازنة لان الحكومة الان معطلة ومكبلة غير قادرة على ان تعمل."He added, "The government believes that this delay is unjustified and should be held Members of Parliament sit for the completion of the budget because the government is now suspended, and chained unable to work."
ونفى الوزير أن تكون وزارة المالية قد منحت سلف مالية الى مجالس المحافظات باستثناء سلفة واحدة بستة ملايين دينار لكل المواطنين."The minister denied that the Finance Ministry had granted advances to the district councils except his predecessor and one six million dinars for all citizens. "
وأضاف " الموازنة تأخرت لذا لاتستطيع وزارة المالية ان تطلق اي مبلغ ومن ضمنها مبالغ زيادة رواتب الموظفين وكل تأخير في الموازنة هو تأخير في عمل الحكومة."He added : "Therefore, the budget was delayed by the Ministry of Finance can not be launched, including the amount of any payments increase staff salaries and any delay in the budget is the delay in the work of the government."
وقال إنه فيما يتعلق بالمنافع الاجتماعية للرئاسات الثلاث (رئاسة الجمهورية والوزراء ورئاسة مجلس النواب) فمن وجهة نظر وزارة المالية لايمكن لاي دولة من دول العالم الا تكون هناك مخصصات ماليه لرئيس الجمهورية في سفره وكذلك رئيس الوزراء والنواب."He said that with regard to social benefits for the three presidencies (Presidency of the Republic, ministers and the presidency of the House of Representatives) From the point of view of the Ministry of Finance can not be any other country in the world that there is not a financial allocations for the President of the Republic in his travels as well as the Prime Minister and the House of Representatives. "
وأوضح " لايمكن للموازنة او الوزارات ان تلبي مختلف متطلبات المجتمع وبالتالي هناك ابواب المنافع الاجتماعية في كل موازنات العالم وما خصص في موازنة العراق لايساوي شىء مقارنة بما موجود لدى الرؤساء والملوك والامراء واعتقد ان النقاش الذي حصل بين اعضاء مجلس النواب هو سياسي وليس مالي."He explained, "You can not budget or ministries to meet the various demands of the international community, and consequently, there is a section of social benefits in the budgets of all the world and allocated in the budget for Iraq Aisawi nothing in comparison with what is available from the presidents and kings, princes and I think that the discussion that took place between members of the House of Representatives is political, not financial."
وأضاف"نواب البرلمان طالبوا بخفض النسب المخصصة للرئاسات بالنسبة للمنافع الاجتماعية بنسبة 35% وكذلك طالبوا بتخفيض النسبة الى 50% ووزارة الماليه ليس من حقها ان تعارض هذا الطلب لانهم ممثلوا الشعب."He added, "the MPs demanded to reduce quotas for the presidencies of social benefits by 35% and also demanded a reduction to 50% and the Ministry of Finance have no right to oppose this request because they representatives of the people."
واكد الزبيدي"اعتمدنا في كتابة الموازنة للعام الحالي على كل موازنات العالم والملاحظ ان المجلس لم يبد اعتراضه على موازنات العامين الماضيين لكن هناك وجهات نظر مختلفة على الموازنة الحالية."The Zubaidi "adopted in writing the budget for the current year on the budgets of all the world, and noted that the Council has expressed its objection to the budgets of the last two years, but there are different views on the current budget."
وعقد مجلس النواب العراقى جلسته الإعتيادية اليوم بعد إكتمال النصاب القانونى للجلسة وبحضور أكثر من 200 عضو .The House of Representatives held its regular Iraqi today after a quorum of the meeting and the presence of more than 200 members.
ونوه رئيس المجلس محمود المشهداني فى بداية الجلسة الى أن إقرار موازنة عام 2007 المقرر اليوم يعد عملا عظيما ينتظره الشعب العراقي.He commended the President of the Council, Mahmoud Almshahadani at the beginning of the meeting that the adoption of the budget 2007 decision today is a great job waiting for the Iraqi people.
لكن المناقشات الحادة والجدالات حول المنافع الإجتماعية ومخصصات رئاسة الجمهورية فى الموازنة العامة لعام 2007 أدت إلى رفع الجلسة ، حيث تقرر تأجيلها إلى السبت القادم.But the sharp debates and arguments about social benefits and allocations presidency in the general budget for 2007 led to the adjournment of the meeting, where a decision was postponed to next Saturday.
ح نH n
Translated version of http://www.aswataliraq.info/?newlang=ara

Go to BBC.Com and search for World Business Review to read the transcript of the discussion of the HCL. They were talking about PSA's in Iraqi oilfield production. One Iraqi ex-pat, two Britons and one American oilman. Very interesting. One Brit and the Iraqi were naysaying bleeding hearts but one Brit and the American were more informed and realistic. It will be a long transcript has the show was almost an hour long but it should make for an interesting read.

Originally Posted by goldraker

Finance Minister announces raising the dinar exchange rate
Translated by IRAQdirectory.com - [27/01/2007]
The Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, described the budget of 2007, as “ambitious” seeking to resolve the problems of the country in the area of security, investment and unemployment, and expressed his hope that it will to contribute to increased economic growth to 8 or 10%.

The minister said in a press interview that oil resources forms 93% of the budget, while the rest will be secured from taxes and fees. He referred to the allocation of more than ten billion dollars for investment eight billion for security, in addition to about seven billion dollars to support the Ministry of Oil.

He pointed out that the latter amount came from the sale of oil derivatives to citizens, in addition to three billion dollars, for the implementation of projects and building new refinaries.

As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years. And on the subject of lifting support from oil derivatives, he pointed to an agreement with the International Monetary Fund, which pledged to cancel $ 100 billion of Iraq's debt in return for the implementation of economic reforms, pointing out that these reforms developed by international experts, in coordination with the Iraqi government, the Ministry of Oil and Iraqi economists. [/SIZE]

He pointed out that the Ministry will continue to support oil derivatives with about seven billion dollars this year, by providing the refineries with free crude oil by 400 thousand barrels a day. The ministry then will sell oil derivatives to citizens, in order to allow it to recover the outstanding amounts estimated at seven billion dollars for the implementation of projects, in addition to allocating three billion dollars of the budget to develop the drilling of oil wells, extending oil transport pipelines and building new oil refineries. He explained that the increase in the prices of oil derivatives will include high-quality imported gasoline, used by luxurious cars, according to the source.

He stressed that dealing with inflation lies in the dinar, since its low rate against the dollar is the main cause of inflation, in addition to obstructing the arrival of goods to the Iraqi depth. He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services.

He emphasized that the crisis of the arrival of goods from the border outlets to the Iraqi market, caused by the deteriorating security situation, the presence of criminal gangs, and administrative corruption, which led to the loss of large quantities of goods and the revival of smuggling operations.

He pointed out that the port of Basra is unable to complete unloading cargo, as some ships delayed more than a month from the date of discharge, which costs the authorities huge fines. He also revealed that his ministry is preparing a study for the rehabilitation of “Khafar Al-Mai” outlet between Iraq and Saudi Arabia, associated to the Saudi port “Al-Ameeq”, to provide a route for the entry of goods into Iraq.

It sounds to me like the ball is in their court, or everything is back to where they started. I don't think they want that!

Originally Posted by goldraker

Finance Minister announces raising the dinar exchange rate
Translated by IRAQdirectory.com - [27/01/2007]
The Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, described the budget of 2007, as “ambitious” seeking to resolve the problems of the country in the area of security, investment and unemployment, and expressed his hope that it will to contribute to increased economic growth to 8 or 10%.

The minister said in a press interview that oil resources forms 93% of the budget, while the rest will be secured from taxes and fees. He referred to the allocation of more than ten billion dollars for investment eight billion for security, in addition to about seven billion dollars to support the Ministry of Oil.

He pointed out that the latter amount came from the sale of oil derivatives to citizens, in addition to three billion dollars, for the implementation of projects and building new refinaries.

As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years. And on the subject of lifting support from oil derivatives, he pointed to an agreement with the International Monetary Fund, which pledged to cancel $ 100 billion of Iraq's debt in return for the implementation of economic reforms, pointing out that these reforms developed by international experts, in coordination with the Iraqi government, the Ministry of Oil and Iraqi economists.

He pointed out that the Ministry will continue to support oil derivatives with about seven billion dollars this year, by providing the refineries with free crude oil by 400 thousand barrels a day. The ministry then will sell oil derivatives to citizens, in order to allow it to recover the outstanding amounts estimated at seven billion dollars for the implementation of projects, in addition to allocating three billion dollars of the budget to develop the drilling of oil wells, extending oil transport pipelines and building new oil refineries. He explained that the increase in the prices of oil derivatives will include high-quality imported gasoline, used by luxurious cars, according to the source.

He stressed that dealing with inflation lies in the dinar, since its low rate against the dollar is the main cause of inflation, in addition to obstructing the arrival of goods to the Iraqi depth. He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services.

He emphasized that the crisis of the arrival of goods from the border outlets to the Iraqi market, caused by the deteriorating security situation, the presence of criminal gangs, and administrative corruption, which led to the loss of large quantities of goods and the revival of smuggling operations.

He pointed out that the port of Basra is unable to complete unloading cargo, as some ships delayed more than a month from the date of discharge, which costs the authorities huge fines. He also revealed that his ministry is preparing a study for the rehabilitation of “Khafar Al-Mai” outlet between Iraq and Saudi Arabia, associated to the Saudi port “Al-Ameeq”, to provide a route for the entry of goods into Iraq.

Relax friend. 1260 does nothing to combat inflation. This fella is just shaking the tree to shake out some investors. Just hang in there!

Originally Posted by goldraker

Finance Minister announces raising the dinar exchange rate
Translated by IRAQdirectory.com - [27/01/2007]
The Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, described the budget of 2007, as “ambitious” seeking to resolve the problems of the country in the area of security, investment and unemployment, and expressed his hope that it will to contribute to increased economic growth to 8 or 10%.

The minister said in a press interview that oil resources forms 93% of the budget, while the rest will be secured from taxes and fees. He referred to the allocation of more than ten billion dollars for investment eight billion for security, in addition to about seven billion dollars to support the Ministry of Oil.

He pointed out that the latter amount came from the sale of oil derivatives to citizens, in addition to three billion dollars, for the implementation of projects and building new refinaries.

As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years. And on the subject of lifting support from oil derivatives, he pointed to an agreement with the International Monetary Fund, which pledged to cancel $ 100 billion of Iraq's debt in return for the implementation of economic reforms, pointing out that these reforms developed by international experts, in coordination with the Iraqi government, the Ministry of Oil and Iraqi economists.

He pointed out that the Ministry will continue to support oil derivatives with about seven billion dollars this year, by providing the refineries with free crude oil by 400 thousand barrels a day. The ministry then will sell oil derivatives to citizens, in order to allow it to recover the outstanding amounts estimated at seven billion dollars for the implementation of projects, in addition to allocating three billion dollars of the budget to develop the drilling of oil wells, extending oil transport pipelines and building new oil refineries. He explained that the increase in the prices of oil derivatives will include high-quality imported gasoline, used by luxurious cars, according to the source.

He stressed that dealing with inflation lies in the dinar, since its low rate against the dollar is the main cause of inflation, in addition to obstructing the arrival of goods to the Iraqi depth. He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services.

He emphasized that the crisis of the arrival of goods from the border outlets to the Iraqi market, caused by the deteriorating security situation, the presence of criminal gangs, and administrative corruption, which led to the loss of large quantities of goods and the revival of smuggling operations.

He pointed out that the port of Basra is unable to complete unloading cargo, as some ships delayed more than a month from the date of discharge, which costs the authorities huge fines. He also revealed that his ministry is preparing a study for the rehabilitation of “Khafar Al-Mai” outlet between Iraq and Saudi Arabia, associated to the Saudi port “Al-Ameeq”, to provide a route for the entry of goods into Iraq.

:

Sneaky little buggers:
quote: "and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years." They said the same thing when the new dinar came OUT!! SO I THINK THE THREE YEARS ARE UP FOLKS!

quote: "allocating three billion dollars of the budget to develop the drilling of oil wells" IT says "dollars" gee how many dinars is that?

quote: " He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services." IS TEMPORARY?? Iraq's inflation hasn't come down that much so How do they make it UN-temporary?

READING THESE NEWS CLIPS ARE A HUGE SMOKE SCREEN!!!

By breaking it down per paragraph THEN per sentence you can see that the underline way to do all of this is RV ONLY!!! I just lovvvve it when they put it in dinars then next sentence says dollars who do they think they are pulling the wool over on??? SURE IS NOT THE RC FAMILY!!

Originally Posted by archangel

: المالية - الزبيديFinancial-Zubaidi
كتب: nakr2004 في يوم السبت, 27 يناير, 2007 - 09:32 PM BTBooks : nakr2004 on Saturday, January 27, 2007 9:32 PM-BT

وزير الماليه يعرب عن عدم تفاؤله بإمكانية التصويت على الموازنة قريباThe Finance Minister expressed optimism that the possibility of vote on the budget soon
من هادي الهاديBy Hadi Hadi
بغداد-( أصوات العراق)Baghdad - (Voices of Iraq)
قال وزير المالية باقر الزبيدي اليوم السبت إنه لا يشعر بالتفاؤل إزاء إمكانية التصويت قريبا على الموازنة داخل مجلس النواب.According to the Minister of Finance Baqer al-Zubaidi today, Saturday, that he does not feel optimistic about the possibility to vote soon on a budget in the House of Representatives.
وأوضح الزبيدي في تصريح لوكالة أنباء ( أصوات العراق) المستقلة " من الضروري ان يضع مجلس النواب في حساباته ان كل يوم يمر علينا يفوت علينا الفرصة للبدء بإعمار البلاد."The Zubaidi told News (Voices of Iraq) Independent, "it is necessary to put the House in his calculations, every day we fail to seize the opportunity to begin the reconstruction of the country."
وأضاف " الحكومة تعتقد ان هذا التأخير غير مبرر ويجب ان يعقد اعضاء البرلمان جلساتهم للانتهاء من الموازنة لان الحكومة الان معطلة ومكبلة غير قادرة على ان تعمل."He added, "The government believes that this delay is unjustified and should be held Members of Parliament sit for the completion of the budget because the government is now suspended, and chained unable to work."
ونفى الوزير أن تكون وزارة المالية قد منحت سلف مالية الى مجالس المحافظات باستثناء سلفة واحدة بستة ملايين دينار لكل المواطنين."The minister denied that the Finance Ministry had granted advances to the district councils except his predecessor and one six million dinars for all citizens. "
وأضاف " الموازنة تأخرت لذا لاتستطيع وزارة المالية ان تطلق اي مبلغ ومن ضمنها مبالغ زيادة رواتب الموظفين وكل تأخير في الموازنة هو تأخير في عمل الحكومة."He added : "Therefore, the budget was delayed by the Ministry of Finance can not be launched, including the amount of any payments increase staff salaries and any delay in the budget is the delay in the work of the government."
وقال إنه فيما يتعلق بالمنافع الاجتماعية للرئاسات الثلاث (رئاسة الجمهورية والوزراء ورئاسة مجلس النواب) فمن وجهة نظر وزارة المالية لايمكن لاي دولة من دول العالم الا تكون هناك مخصصات ماليه لرئيس الجمهورية في سفره وكذلك رئيس الوزراء والنواب."He said that with regard to social benefits for the three presidencies (Presidency of the Republic, ministers and the presidency of the House of Representatives) From the point of view of the Ministry of Finance can not be any other country in the world that there is not a financial allocations for the President of the Republic in his travels as well as the Prime Minister and the House of Representatives. "
وأوضح " لايمكن للموازنة او الوزارات ان تلبي مختلف متطلبات المجتمع وبالتالي هناك ابواب المنافع الاجتماعية في كل موازنات العالم وما خصص في موازنة العراق لايساوي شىء مقارنة بما موجود لدى الرؤساء والملوك والامراء واعتقد ان النقاش الذي حصل بين اعضاء مجلس النواب هو سياسي وليس مالي."He explained, "You can not budget or ministries to meet the various demands of the international community, and consequently, there is a section of social benefits in the budgets of all the world and allocated in the budget for Iraq Aisawi nothing in comparison with what is available from the presidents and kings, princes and I think that the discussion that took place between members of the House of Representatives is political, not financial."
وأضاف"نواب البرلمان طالبوا بخفض النسب المخصصة للرئاسات بالنسبة للمنافع الاجتماعية بنسبة 35% وكذلك طالبوا بتخفيض النسبة الى 50% ووزارة الماليه ليس من حقها ان تعارض هذا الطلب لانهم ممثلوا الشعب."He added, "the MPs demanded to reduce quotas for the presidencies of social benefits by 35% and also demanded a reduction to 50% and the Ministry of Finance have no right to oppose this request because they representatives of the people."
واكد الزبيدي"اعتمدنا في كتابة الموازنة للعام الحالي على كل موازنات العالم والملاحظ ان المجلس لم يبد اعتراضه على موازنات العامين الماضيين لكن هناك وجهات نظر مختلفة على الموازنة الحالية."The Zubaidi "adopted in writing the budget for the current year on the budgets of all the world, and noted that the Council has expressed its objection to the budgets of the last two years, but there are different views on the current budget."
وعقد مجلس النواب العراقى جلسته الإعتيادية اليوم بعد إكتمال النصاب القانونى للجلسة وبحضور أكثر من 200 عضو .The House of Representatives held its regular Iraqi today after a quorum of the meeting and the presence of more than 200 members.
ونوه رئيس المجلس محمود المشهداني فى بداية الجلسة الى أن إقرار موازنة عام 2007 المقرر اليوم يعد عملا عظيما ينتظره الشعب العراقي.He commended the President of the Council, Mahmoud Almshahadani at the beginning of the meeting that the adoption of the budget 2007 decision today is a great job waiting for the Iraqi people.
لكن المناقشات الحادة والجدالات حول المنافع الإجتماعية ومخصصات رئاسة الجمهورية فى الموازنة العامة لعام 2007 أدت إلى رفع الجلسة ، حيث تقرر تأجيلها إلى السبت القادم.But the sharp debates and arguments about social benefits and allocations presidency in the general budget for 2007 led to the adjournment of the meeting, where a decision was postponed to next Saturday.
ح نH n
Translated version of http://www.aswataliraq.info/?newlang=ara

Is it just that they are use to not getting ANYTHING done, or does anyone know why they chose to delay?