Thread: Iraqi/Dinar news until March 1st, 2007

Economic : Chairman of the Federation of Iraqi businessmen confirms : Central procedures are inadequate to revive

The purchasing power of the Iraqi dinar
Baghdad Imad Principality

The President of the Federation of Iraqi businessmen willing Pilip told that the procedures for the Iraqi Central Bank to raise the price of A. Adh to curb inflation is not sufficient to power a recovery the purchasing of the Iraqi dinar. He sounded the alarm to the intersection of these procedures with the orientation of a god the wheel to activate the role of the private sector in development because it Regrettably SUPPLY primarily on borrowing from the banks.

He said in a press statement : that re-operate factories and laboratories and small Almto waist will contribute to the solution part of the problem of unemployment, that goal as at 16 May 2003 65 II this calls for the State to the need to adopt this approach because a the economic solutions must be broad and comprehensive, not Tha when told parts that intersects goals.

Blebel also said that raising interest incompatible with the orientations of a the government about the transition towards a market economy, and raising interest rates is in the withdrawal of cash, which is Bal the basis is not available on a large scale, these procedures established by the Central Bank of Iraq j will cripple the economic movement in the Atsahm tame Altd poultry, Blebel added that the inflation rates in the country and arrived in Ak been more than (70%) and the reasons are known, where to raise the prices of oil derivatives to the rise of the prices of various goods and, Furthermore, the Central Bank of Iraq the principle of increasing the prices of the since the beginning of the benefit (2006) as the prices Alfad e given to the banks at the beginning of 2006 is (4%) estate Just after 20% of this policy hinder (the private sector Iraqi) because borrowing from the banks in this case is a burden on the industry or investors that the sunspots are high Yeh and unfeasible It is well known that this sector depends on a for the banking sector in the provision of liquidity, The declared policy of the Central Bank is pursuing a cash lead to tame inflation, but what happened since the beginning of the year (2006) to the end of the year is the rise in inflation rates and escalating steps, which led a contraction in the economic situation instead of activating Alou pace of economic, Add to this that productive activity in the country almost Mchlo The reason was told to dump the country of foreign goods with the distinct lack of quality control and customs duties, in addition to the disruption of basic services, which j Aatmad by the private sector in relation to the project productivity, "Electricity, energy, the security aspect "and there is a lot of industrial facilities e stopped or closed by the steps, "a Central Bank the Iraqis "did not correspond to tame inflation. note that the Iraqi private sector all kinds depends largely on the banking sector in the provision of liquidity Therefore, the increase in interest rates which followed the form the Central Bank of Iraq, and has pledged to government banks Wa this limitation of civil actions that would lead to a lifting of interest rates on the borrower by 23% and will go Alva this advance, the sense that the real figure for the rate of interest will be a Rumors of (26%), this trend can not private sector the Iraqi move might simply borrow or automobile production or Wallace Tthmarih, it needs to liquidity and that these measures will prevent P close investment in the country (Blebel) said that there was a Qatsadeh solve these problems, although the theme of "unemployment" is a significant dilemma, if not skeptical told a central high and they seek a state level body for emergency "Blebel" also demanded that the body be six Ratejeh to address the problem of unemployment and then recover Cem Regrettably, the economic sectors, The solution to this problem is very important and must look at him in seriously.

Building of the above economists believed that the choice of n Adam exchange practical focuses on the measurement of a narrow j in a macro-economic stability and is intended T. few differences in the level of real output or price or real consumption in the light of random shocks, It is natural that exchange rate stability is desirable not empowerment is a low degree of uncertainty.

So concluded an economist to say at the event Aass Arar central directives in raising the interest rate by j government had to take action which would provide Ts Hailet private banking and lending policy, especially the development of the cat ray private individuals or special fund so.

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Indeed, the economic indicators in Iraq and the future
Source : file Presse-24 / 02 / 2007

A long-held culture and information, expanded seminar Ti T. title (economic reality in Iraq and indicators pain accept) where was the sole spokesman of the Economic Expert Dr. Raed Fahmi, in his personal capacity and not functional cobs seen for Science and Technology, and had started dealing with issues of the reasons and the factors behind the economic recession in Iraq and arriving somewhat similar collapse as a result of the legacy of the past and the wrong policies and mismanagement of the national economy in the the excessive imposed by the central regime and political persecution and internal disturbances and free and a drive, and then the embargo, saddled with all of these factors on the Iraqi economy over more than three decades and the problems of big dilemmas, the most important survival rent one-sided nature of the economy through its over-reliance on oil revenues, and reduce Anhs TR investment operations and the possibility of building a non-de Namiki sophisticated able to create opportunities for the production of material for Mjtm p.

Turning to Dr. Fahmi phase after the fall of the regime. and the collapse of a group balances at home and abroad Walt j contributed to the loss of the possibility of building a state within the framework of parallel Nath new, especially in light of the existence of an external negative role, referring to the role of international financial institutions, , including the IMF and the World Bank and attempts Ha continued to influence the economic policy of through the use of Iraqi weapons of external debt Moro The previous system and the complexities facing Almva Z Iraqi with these institutions, in particular, that the Iraqi side lacks Palm race Arafa, and the ability to impose a state of balance between the possibility of M. dealt with the problem of external indebtedness and ensure compatibility m p requirements of the economic and social Aleut faith and the suffering of the poor strata of people dilemmas homeland Yeh great, , including the worsening unemployment rates, which hit a I have more than 40% of the labor force and the rate of poverty, which coordinates Zeid, 50% of the total population.

Under the Transitional and the nature of the economic system and the attempt to build a market economy and the involvement of the private sector Iraqis in the transitional process, Successive Governments faced a lot of complexities y AT relevant legislation of new laws and the weakness of the possibility of a for the private sector to contribute to building a market economy and a democratic e support and support in the areas of finance and investment. touching on the new investment law No. (13) Age e 2006, which calls for the activation of the Iraqi economy and Dru danger contribution of the private sector in attracting investments, the demons were sent marvel direct and enter partnerships with a balanced and pw got to diversify the Iraqi economy and relieving them of IUCN e unilateral and activated in the areas of production Sana consciousness and agricultural, as well as the sectors of banking, tourism and service other focusing on the need for fixed capital formation to activate a the productive sectors.

Then Dr. Raed Fahmi link between what is a targeted policy to raise cash for the value of the Iraqi dinar and the need to revitalize a the productive sectors, and resolve to address the dilemmas Alaghtasse Wade basic, especially unemployment and poverty and the housing crisis, fuel and Ko Herba addition to the security requirements that have faced if e deterioration during the long, This requires political will provide balanced between a strong all of patriotism and the drafting of the Beijing economic approach, according to priority is to achieve economic development and Alajt Maih.

This and had participated in the symposium a large number of experts and hurt Khssin, academics and businessmen.

Trade : new ration cards distributed to citizens
Source : Voices of Iraq - 24 / 02 / 2007

The Ministry of Trade today, Thursday, it began Ptozi p ration card Uniform five million coffer it distributed to different regions of Iraq.

The statement of the ministry, Dr. Hassan Abdel farmer Sudanese Minister of Trade The "ration card arrived in the country after the% pw It is large and experienced entering a result of security problems Might j roads leading to the country through Syria after printing in Lebanon, in accordance with international can forge or Nge see information listed there. "

The statement pointed out that the farmer explained, during his meetings with ministry officials, he was preparing distribution mechanisms with access to all the pain portfolios are prepared other distribution mechanisms which pw m is not transparent and does not exhausts citizen.

He said that the current specifications of the card is no different than the Moas Fat previous card carries Vsvorh secret with coupons T. foodstuffs, and have a different color each province p n the other.

The statement did not mention the date of entry cards to the country The start distribution to the families.

Whoooaaa, hoo, hoo, hooooooooo, yo..... let me catch my breath, you crazy rascally Iraqi's, I'm laughing so hard I'm almost crying....

What can I say you guys got me again. Trying to second guess the Iraqi government is like going on a blind date with Sybil.... wonder who will show up today.

Take for instance this article that was released on Friday------>

In that article it says we are way out from an agreement on the oil law, well BOOOOOOO on that.

Originally Posted by archangel

Status of Iraq hydrocarbon law in limbo
Posted on : Fri, 23 Feb 2007 03:27:01 GMT | Author : Energy News Editor
News Category : Energy (Environment)

New ( News Alerts by Email click here )


Reports are mixed on the state of Iraq's hydrocarbons law, with media reports it is advancing and analysts claiming it remains stuck on federalism arguments.

The New York Times reported Tuesday negotiators sent the law, vital to further development in the oil and natural gas sector (along with security), to the Iraqi Cabinet.


The hydrocarbons law would govern Iraq's oil and gas resources and dictate the amount and mechanism for sharing revenue with Iraqi people.

But it has been stuck in negotiations since last summer. At issue is whether the central or regional governments will have control over new contracts, what is the percentage for revenue sharing and what mechanism will redistribute that money.

The Kurdish Regional Government, which has been largely autonomous since 1991 and safer than the rest of Iraq since the U.S.-led invasion in 2003, claims the constitution passed in 2005 gives regions more control.

The central government says it should be the authority to approve contracts. That position is backed by Sunnis with little oil and the most of the majority Shiites that would dominate the government.

The Cabinet must approve the law before it heads to the Iraqi Parliament for a final vote.

But a well-connected analyst told UPI on condition of anonymity the Kurds and central government still have not agreed on the remaining crucial issues.

Iraq has 115 billion barrels of proven oil reserves and possibly unknown amounts more after more thorough exploration takes place.

But that exploration requires safer conditions than those currently in war-torn Iraq and an investment law that would outline criteria for contracts.

Status of Iraq hydrocarbon law in limbo

Now lets look at the article below, published the very next day--------->

Originally Posted by mojosj

Kurdish leader says he now accepts new oil law, a major benchmark for progress in Iraq
The Associated PressPublished: February 24, 2007

SULAIMANIYAH, Iraq: Kurdish authorities have agreed to back a draft law to manage and share Iraq's vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.

Massoud Barzani, president of the self-governing Kurdish administration in the north, made the announcement at a joint press conference with U.S. Ambassador Zalmay Khalilzad and President Jalal Talabani.

Barzani said he and Talabani had discussed the latest draft law by telephone with Prime Minister Nouri al-Maliki and "the results were good."

"We reached a final agreement," Barzani said. "We accept the draft."

There was no comment on the announcement from Khalilzad or Talabani, and Barzani did not elaborate. It was unclear whether new concessions had to be made to win his approval.

Al-Maliki's government had promised to enact a new oil law by the end of 2006 but missed the deadline due to objections from the Kurds, who wanted a greater role in awarding contracts and administering the revenues.

The Cabinet discussed the draft Thursday but failed to reach an agreement. Once the Cabinet signs off, the measure goes to parliament for final approval once the legsilators return from a recess early next month.

President George W. Bush's administration, facing growing pressure to end the Iraq conflict, has been urging the Iraqis to finish the new oil law. Secretary of State Condoleezza Rice pressed for early enactment during her one-day visit to Iraq last week.

A new law is needed, most outside experts believe, to encourage international companies to pour billions into Iraq to repair pipelines, upgrade wells, develop new fields and begin to exploit the country's vast petroleum reserves, estimated at about 115 billion barrels.

According to Iraqis familiar with the deliberations, the draft law would offer international oil companies several methods to invest, including production-sharing agreements. Those would give U.S. and other international companies a substantial share of the oil revenues to recover their initial investments and then allow them big tax breaks.

That angers some Iraqis, who believe foreigners will get too much control of the nation's wealth.

But the biggest battle is over who gets the most say in awarding contracts and managing the revenues. The Kurds, who have run their own mini-state in the north since 1991, want regional administrations to have a bigger role.

Most of the country's proven oil reserves lie in the Kurdish north or the Shiite south, which also wants to establish a self-ruled region. That has led the Sunnis to demand more power for the central government, to assure them a share of the wealth.

To win Kurdish approval, the current draft gives a major role to the regional administrations in awarding contracts but allows a committee under the prime minister to review them.

To satisfy the Sunnis, oil revenues would be distributed to the 18 provinces based on their populations — not on whether they have oil. It's unclear whether Sunni Arabs would accept a population-based formula since they have consistently challenged figures showing them as a minority.

While the Kurds want more control of revenue generated from their fields, others think the new proposals give the regions too much control.

If implemented, "The balance of power in the management of Iraq's oil and gas resources would have shifted alarmingly from the center to the regions," former oil official Tariq Shafiq, who helped draft the first version, told an oil seminar in Amman, Jordan, this month.

Kurdish leader says he now accepts new oil law, a major benchmark for progress in Iraq - International Herald Tribune

Can you guys (GOI) quit doing this stuff (just kidding, please continue). Its beginning to get repetitive. Seen it, been there, done it. So, let me see, how does it go again, bad articles for 3 months then one day shazzam--->poof, we (GOI) are done, why is everyone staring at us??? Hmm, guess its cause you guys are sneaky bastards, eh. Letting the left wing media do all your dirty work, all the while just plodding away getting er done on some super secret timeline (uh susie, have you got that info yet-I know you will sooner or later). Anywho, good to see business as usual. Woot-go Iraq, go U.S.A., go team. Great news is contagious is it not?

Economic : benefits privatization in the Iraqi economy 2
25.02.07

D. Khalil resin

Starting must point out the difficulty of addressing the reality and prospects economic development in Iraq during the last decades Yen, or in the four years that followed the fall, This is due to the scarcity and accuracy of statistical data, or because of lack of disclosure

Previously, for reasons related to the nature of the rules of the Principles. The difficulty of determining the size of the destruction of the infrastructure of the infrastructure of the national economy due to the irresponsible policy of and what has been stated from the destruction and vandalism in the production environment and investment in Iraq after falling more difficult a for the analysis.

1. To satisfy the basic needs of the community
2. Get rid of economic dependency through except Tva relatively self and dispensing with the many commodities The foreign service, which may increase the indebtedness of e Foreign and work as much as possible replacement products national misplaced.
3. Non-reliance on the export of primary raw materials Kale oil and we mean the development of manufacturing industries instead of Alastcher Wagey for value-added
4. To avoid distortions in the productive structures Y The diversity Commodity
5. Non-dependence on oil as the main source for financing Problems rents investment or as a head in the process output good view to opening up new prospects for manufacturing output side Tco n necessary for the industry to compete.

As regards the goal desired by the application of the privatization Fe and lies in :
1. Correct orientation depending on the economic sector of% Al-efficient financially and technically
2. Protection of public money from waste resulting from the accumulation of Khasa Our institutions and projects a state disposal projects a the state of efficiency and profitability zero
3. Raising the efficiency of the economic and administrative
4. Broadening the base property
5. Raising the level of productivity in the context of bridging the needs of the community.
6. Increase profitability
7. Lifting of the export capacity

Privatization and economic reform :
Not here must inform monitor what privatization and gold many of the economists from the definition or conceptualize, What we have so far is enough to identify the nature of the process of a the privatization and objectives. As required in this context is to take precautions in light of the allusions to the contribution of foreign investments at the beginning of the reconstruction of Iraq and at the opening of every absurd y on the Iraqi market, especially those related to the production technology without taking into account uh Mia services as a catalyst for the transformation process Economy j.

In many cases we find that the investments Alajenbe Yeh is able to play a positive role in accelerating and intensifying, levels of development in the case and directed towards the conversion industries Yeh feature of technology, which would a contributing to the increase in gross national product. Based on that study and achieve privatization reality of the pain Additional included on the list of the economic transformation that Wa familiar with all aspects of integrated economic, but Dareh-functional outputs and the nature and importance of Alaghtasse Wade, and the feasibility of privatization, The analysis of the financial situation - the recipient administrative m n privatization process, with the ability to meet the requirements to improve the efficiency of now Taj and marketing, and creating new manpower-efficient Almatalo by, as well as building new production lines of high technology e, , and other issues related to the overall efficiency of W R. economic strategy of the State in order to merge the private sector as reflecting a developmental side for the year to the country. The success of the privatization process requires transformation of the transition economic system of totalitarian economy to an economy Els She was across multiple stages, jump on the joints, some might consider relevant Thano Yeh track which puts obstacles in front of difficult economic Tjau Sha in the medium and long term. It would also be drawn to the fact that the private sector is not M. Ehle is to take the lead in ownership installations State-owned The reason lies in the weakness of the material and technical l the industrialists and owners of commercial occupations. It requires material support and legislative significant state so can the private sector to play its positive role in AI h process of economic transformation and contribute to advancing a Development rather than a hindrance.

The most important stages that must be the decision-makers on economic transformation leading to the success of the privatization process namely :

First stage :
The need for the restructuring of the master facilities with Tuzi p types of tables and rehabilitation of the functional form alias cursing with subsequent steps in the reform process Alaghtassa de and the requirements of social development to be achieved. The line parallel with the implementation of this phase must establish a foundation the socio-economic relationship with the pace of Wallace shepherd in the implementation stage. The most important of these principles is the principle of participation and pluralism in Put vocabulary detailed economic activities - the commercial establishments Awalmessh covered by the action a the privatization.

Second stage :
The importance of broadening the base of infrastructure Infrastructu rre - - is by concentrating only Multilateral Investment scorer in the framework of viable investments to speed up the building an extensive network of transportation and communications linking Almahav Zac villages and the countryside, double-building power stations, additional build bridges in the capital and other cities, Finally, and not increase from the stations and irrigation systems and dams K1 l money to expand mentioned at the industrial The agricultural and service in order to absorb a large proportion of for unemployment, and the operation of new opportunities for the labor market. So can the private sector to take the initiative and raise weight physical and administrative burden on the State.

Third stage :
Expanded exploitation of the natural resources available and Almest detection and harnessed in the service and agricultural sectors manufacturers j with interest multiplier agricultural development of a service for the industrial sector and service fulfilling the needs of the population of Algza The automatic creation of a culture of farming keep pace with technological changes a for certified in advanced countries of the world.

Fourth stage :
Upon reaching the stage of economic growth and rising growth in the agriculture and industry, the state plans to develop standards and help enterprises Almkhsch Sah to develop and support the export sector taking into Ala Tabarre importance of encouraging the private sector to get to market pain Navesh regional and international business so as to enhance the basket hard currency used in the transfer of technology modern or to obtain the raw materials necessary to develop some industries or social services.
To be able to determine the philosophical framework in dealing with p Malé privatization and acceptance of the principle of economic openness The adoption of a market economy, We deem it necessary to point out the existence of what we call Jean our theory of "positive privatization and privatization robbery Yeh. " The separation between positive and negative in the process of privatization avoid big mistakes accompanied the economic policies of States hastened to adopt the processes of economic transformation. We believe it is necessary to refer to some of these errors of T accompany privatization negative emergence of a class of brokers told Agencies to get from foreign companies and the creation of Pie e Trade, currencies and laundered at, the emergence of a group of symbols of the public sector to transfer to a ills for the private sector, the widening circle of competition between contractors and orientation the ownership of houses and land would lead to an imbalance in the sector residential. The privatization may lead to the emergence of new patterns of Elbe *kh and consumer behavior disturbance in a values system for ethical. What are known to followers that privatization creates a negative T. falling between the power of money and political decision-making power, etc..

To avoid such mistakes, we put careful steps The measured according to a schedule and progress at the first of them a second social and economic.
Stages of achieving economic reform : the first phase in the short term
1. A strategy include achieving economic growth rates between 12% to 15% taking into account the de t State in the management of economic activity to move Alast Thmarat of the existing projects in various sectors Els the consciousness and service.
2. High efficiency operation of the existing projects and Uncle l to increase the volume of new investments in the area of production and participation with the private sector (the sale of a portion of t S. capital in the form of shares).
3. The time limit for this stage to verify the goals and the success rate of the state and the private sector in achieving m Adolat growth as expected.
4. We must not exceed privatization projects accounted for more than 25% State of the overall project.

The second phase in the medium term
At this stage may be economic strategy The growth rates of up to 10% and less than 8%.
Must reducing the role of the State in economic activity-soldiers irrigation of the limits of 40%.
Continue to support the private sector to play a role of economic large gradually and meaningful contribution in the management of Almcharuat list

The proportion of privatization projects had reached 60% of L projects of the State.
The third phase in the long run
1. Is this stage growth rates do not exceed 8% and falling told about 6%.
2. Reducing the role of the State in economic activity of about 10% and Special projects of a strategic nature
3. Preserving the role of the state in the areas of education, health and transportation and the private sector can compete with a State in these activities
4. The Nsabhamushroat Almtakhskhsh rate of 90%.

Noteworthy is that privatization is achieved through the implementation of counting his hands and the most important of these forms is the BOT, which means established automatic-building projects, operate and transfer-managed by the private sector or from a the national investment Alajenbeh or for a certain period measured b the years and then transfer ownership to the state. There are other forms for the establishment of projects in the light of a reform the economic area is not listed here, then k B.O.L.T and B.R.T.

In conclusion we may say that countries such as Iraq and owned by M. Ward normal requirements and economic growth as this was over danger, not supposed to be the nature of the economy is absolute openness, but the economy must be flexible, with many heading the national capital market to encourage the private sector and even a I used to create added value to the overall development goals sustainable based on the principle of improving the labs capital Alma l productive Capital Output unto any expansion ml Moss in the capacity to absorb as much as possible unemployment and achieve a measure of justice in the distribution and re - the distribution of national income and increased gradually, , which consequently lead to Mtgeirat positive Soy d aggregate demand somewhat, as the way to horizontal expansion and vertical desired.


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Iraq poised to hand control of oil fields to foreign firms


Baghdad under pressure from Britain to pass a law giving multinationals rights to the country's reserves

Heather Stewart, economics correspondent
Sunday February 25, 2007
The Observer


Baghdad is under pressure from Britain and the US to pass an oil law which would hand long-term control of Iraq's energy assets to foreign multinationals, according to campaigners.
Iraqi trades unions have called for the country's oil reserves - the second-largest in the world - to be kept in public hands. But a leaked draft of the oil law, seen by The Observer, would see the government sign away the right to exploit its untapped fields in so-called exploration contracts, which could then be extended for more than 30 years.

Foreign Office minister Kim Howells has admitted that the government has discussed the wording of the Iraqi law with Britain's oil giants.

In a written answer to a parliamentary question, from Labour's Alan Simpson, Howells said: 'These exchanges have included discussion of Iraq's evolving hydrocarbons legislation where British international oil companies have valuable perspectives to offer based on their experience in other countries.' The talks had covered 'the range of contract types which Iraq is considering'.

Control of oil is an explosive political issue in Iraq. Hasan Jumah Awwad al-Asadi, leader of the country's oil workers' union formed after the invasion in 2003, warned this month: 'History will not forgive those who play recklessly with the wealth and destiny of a people.'

With much of the country on the brink of civil war, and a fractious government in Baghdad, campaigners say Iraq is in a poor position to negotiate with foreign oil firms. 'Iraq is under occupation and its people are facing relentless insecurity and crippling poverty. Yet, with the support of our government, multinationals are poised to take control of Iraq's oil wealth,' said Ruth Tanner, senior campaigner at War On Want.

The law, which is being discussed by the Iraqi cabinet before being put to the parliament, says the untapped oil would remain state-owned but that contracts would be drawn up giving private sector firms the exclusive right to extract it.

'There is this fine line, that the wording is seeking to draw, that allows companies to claim that the oil is still Iraqi oil, whereas the extraction rights belong to the oil companies,' says Kamil Mahdi, an Iraqi economist at Exeter University. He criticised the US and Britain, saying: 'The whole idea of the law is due to external pressure. The law is no protection against corruption, or against weakness of government. It's not a recipe for stability.'

Simpson said 'This confirms the view of those who have said all along that the war in Iraq was not about weapons of mass destruction, but the control of the levers of mass production ... This is a cartel carve-up by the occupying powers.'

Oil production in Iraq has slipped to below two million barrels a day - less than before the invasion - and Britain and the US argue that Iraq urgently needs foreign investment to boost output. But Ewa Jasiewicz, of campaign group Platform, said all the other Gulf states had kept production in government hands. 'Iraq could borrow the money to develop its industry, and pay that off through oil revenues.'


Iraq poised to hand control of oil fields to foreign firms | Iraq | Guardian Unlimited

Originally Posted by TerryTate

"The Cabinet discussed the draft Thursday but failed to reach an agreement. Once the Cabinet signs off, the measure goes to parliament for final approval once the legsilators return from a recess early next month."

The cabinet failed to agree??? How could they fail to agree? Oh well early next month is not far away!

اEconomic: economic expert : the government is invited to achieve food security

Baghdad-Sabah

Economic expert called the Iraqi government to achieve a for food security and develop economic conditions including We wish insulted and the volume of material possibilities of Iraq. said Dr. e Mona al-Musawi of the Center for market research and consumer protection

: That the concept of food security does not require a high degree of achievement Yeh of self-sufficiency for all commodities self but the State should seek to achieve what they could in this in light of the current economic circumstances.

She added : the focus must be on two main goals are to provide stock Ahh Tiati of foodstuffs, especially grains to face the needs of the population in emergency circumstances and increase Alant Age of local materials to meet the actual demand resulting the natural increase in population to dismissing offerings after providing alternative supply.

It revealed the preparation of a study on the reality of industries projects abolished Zaifah in the country with a focus on the ways and means of proposals for the development of the food industry to upgrade and access to national food security and for self Damocles he augments it to the export level.

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Economic : the study reveals the level of poverty and deprivation in Iraq

Baghdad-Sabah
An economic study showed that one third of Iraqis living annexation n the minimum levels of poverty. The analytical study prepared by the program the United Nations Development Program and the Ministry of Planning indicators far-reaching. Earlier shown

Iraqi results of a study that about two million other family T. living below the poverty line, according to standards, In the light of the indicators identified irrespective of $ 1 for Lver d day. " For his part, Chairman of the Central Board of Ahsa Eat Dr. Mahdi Ilaq that the study relied on together Laer human poverty is multidimensional explaining that Almaaei R. approved include the fields of education, health and infrastructure of the infrastructure and the standard of living, housing and the area around the house and Hello Put the family's economic, which are all relevant to the essential just living and reflect the level of deprivation. she finished Province Muthanna was ranked last in terms of the order Almhafeza T. According to the study as the worst in terms of the degree of campus while that topped Erbil arrangement as a for the least disadvantaged. The study pointed out that the policies Walt j followed by Iraq in recent years for the transition to a free-market economy in terms of support and the dismantling of the Bretton the increased levels of deprivation. The study included 2 one thousand families a thousand families each province to submit a status the real Iraqis away from the media coverage Wei jumped the international community to the United Nations and donors picture of what happen in the lives of Iraqis, roads and areas to help them. and the rate of unemployment in Iraq to 52%, as the market a the work of the structural imbalances because of the increasing growth rates of Population and stopped production projects by 90%.

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For sale: Iraqi currency: South Florida Sun-Sentinel

For sale: Iraqi currency

Consumers warned to beware of Internet offer

By Mc Nelly Torres
South Florida Sun-Sentinel
Posted February 24 2007

The company claims to be the largest distributor of Iraqi currency, offering what it claims are authentic dinars and a great investment for consumers looking to buy cheap currency on the Internet in the hopes of bringing riches overnight.

But the Better Business Bureau is warning consumers from South Florida to be careful before considering foreign currency investments and especially alleged deals for the Iraqi dinar.

United World Exchange, which has been selling Iraqi dinars through its Web site -- www.usdinar.com -- is telling consumers that buying the currency could be a great investment, if the value of Iraqi money were to increase.

But experts said investing in such currency is risky, especially if the war in Iraq continues, because the value of dinar currency could drop even further. Also, most dealers and U.S. banks won't buy dinars.

Al Polizzi, a spokesman with the Better Business Bureau in West Palm Beach, said consumer complaints surrounding Iraqi dinar investments have increased in recent months and have come from many military personnel and civilian contractors serving in Iraq, alleging the company failed to deliver the currency.

The bureau has received 77 complaints concerning United World Exchange from consumers in 33 states, including Florida, and eight countries including Singapore, Australia, Malaysia, Canada and Iraq.

United World Exchange could not be reached for comment. Upon calling the company's customer support assistance, a voice mail said usdinar.com is the largest distributor in the market and it guarantees authentic dinar currency.

"We offer fast service and a peace of mind," the voice mail said. "We have been selling dinars for three years. We've got thousands of satisfied clients."

As of Thursday, usdinar.com was selling 1,288 Iraqi dinars for a price of 77 cents and a million dinars for $776. The Web site, whose domain was created in May 2006, claims to be registered with the U.S. Treasury.

Consumers who have purchased dinars and have not received them are urged to report the issue to the Chicago Better Business Bureau either online at The Better Business Bureau® or by calling 312-832-0500.