was this posted? its starting to run together
isnt it odd that they are talking about the sunday auction that happened on the first on the 4th like its not past tense?The Central determines the dollar price on last Sunday
The Central determines the dollar price on last Sunday
Translated by IRAQdirectory.com - [04/04/2007]
A statement issued by the Iraqi Central Bank said that the bank will continue to sell and buy dollars on Sunday, the first of April, which will be holiday on the occasion of the Prophet's birthday at the same price of last Thursday,.
The exchange rate adopted on Thursday in the auction had reached 1273 dinars to the dollar selling and 1271 dinars buying.
Dealers with the Iraqi Central Bank said the auction on Sunday will not be an ordinary auction session but will be a direct sale session at the same exchange rates adopted at the auction last Thursday; the sale will be open to all the quantities required, in addition that the bank will buy any amount of foreign exchange sold by the banks to the Central Bank.
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06-04-2007, 04:13 AM #31
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JULY STILL AINT NO LIE!!!
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06-04-2007, 04:21 AM #32
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Hafiz : economic programs in Iraq can not be achieved without the restoration of the role of the state and achieving security
The news has been added on 4 - 4-2007 21:59
Hafiz : economic programs in Iraq can not be achieved without the restoration of the role of the state and achieving security
WAI-agencies - up-Hammad Firas
The government officials, bankers, Iraqis and Arabs and foreigners in the discussions today at a special conference with the banking and finance in Iraq in an effort to identify the challenges facing the banking and monetary policy needs for a change in the circumstances faced by the country.
Did Dr. Mahdi Al-Hafiz head the Iraqi Center for Development and International Dialogue, Minister of Planning and former member of the House of Representatives with the current focus of the participants in the Conference on the theme of separation from the rest of the banking sector and other sectors discussed the general situation in Iraq, saying .. That, in spite of the importance of the conference to discuss the problems that monetary policy but it raises the need to consider all the aspects of the overall situation in Iraq from things economic, financial, security and others.
He added .. The biggest problem is to restore the state's role in Iraq, which had no real reaction to the restoration of stability and security and to ensure the protection of the people and institutions of governance to exercise its role, it is difficult to take economic programs correct way to apply.
Hafiz said that the problem of Iraq lies in the fact that there is the performance of government real problems and linking monetary policy other problems of great importance to Iraq, such as unemployment and weak economic growth and inflation, stressing that the countless things to one problem, and if similar to what is happening in the developed economies is methodologically wrong oriented.
He pointed out that monetary policy is required to address not only inflation and interest rates correct, but must tend to increase economic growth and to enable the private sector to play its role in a positive and effective manner to the desired economic renaissance.
Hafiz questioned the figures given on the economic situation in Iraq, saying, "I am confident that our figures are inaccurate with my appreciation for the efforts of government agencies in the statistical field," but there are castles in the survey of the economic situation and the phenomenon of inflation, unemployment and the standard of living.
He added : "I think that the reality of the situation indicates that there is a vast difference between what is being said and the realities of the situation."
He pointed out that the current need is to provide real jobs and productive There unemployment up to more than 50% of the labor force annually and we have approximately 200 to 250 thousand of young people entering the labor market and there is the problem of inflation, which is still high despite the decline, it said up to more than 50%.
Hafiz said that Iraq does not see real economic growth only in the oil sector growth is faltering There is also the problem of economic management, which must be effective and democratic management and wise.
He added that the issue of monetary policy by the Central Bank needs to be reviewed, it is the policy of strict and should be calculated expense of the needs of the country in the present circumstances, it calls for the implementation of the policy of controlling the rate of interest and raise interest rates to lending to about 21%, putting the private sector to the many problems that can not borrow this high rate and contribute to building Iraqi industry.
He said that private sector's role is important, and to provide it with the direction of the facilities that have done a real boost economic growth.
The adviser to the Central Bank of Iraq, Dr Mohamed Saleh appearance that tight monetary policy in Iraq greatly benefited the banks more than citizens.
He said that the monetary authority is working on the liberalization of the financial sector, particularly the liberalization of interest rates and the removal of any form of financial restraint, and open the door to participation of foreign banks to work in Iraq and the transformation of the banking oversight to control the automatic preventive control and the freedom of foreign transfers without restrictions except as required by the Anti-Money Laundering Act The funds crime and terrorism in Iraq.
, Provided an overview of the Iraqi banking system, pointing out that the number of private banks hit 25 banks with capital of the governmental sector with the government banks seven "trillion" with some Iraqi dinars or foreign branches of foreign banks.
He reviewed the reality of Iraqi banks and the problems faced by pointing out that the ratio of credit to GDP in Iraq is still at a low level of Aitaadi 4%, and the capital of the banking system, despite the fact that most dating and by 80% to the banking sector National However, the contribution to the credit granted to not exceeding 20% 8 t, while the governmental banks is still responsible for the granting of 2 t 79% of the credit granted.
He said that the average prevalence among granted interest on deposits and interest rates levied on credit granted to the banking activity of Egypt more than 10 points, which reflect the stark times in financial intermediation and an indication of the weakness of the banking system, the solidity of Egypt.
He said that the private banks are by no more than 3 t 10% of the total deposits and unique governmental banks for the larger 7 t 89%.
He said that private sector deposits are still deposited at the government banks by more than 63% of the total private deposits at the time did not constitute deposits civil collectively only 3 t 6% of the GDP of Iraq.
He reviewed the deputy director of the American Agency for International Development Mike Harvey Agency's efforts in Iraq in all areas to support the government in leading the development of national capacity, which works with all ministries and institutions to provide equipment and training.
He said the agency is working to help Iraq to join the World Trade Organization
The building of a free economy is integrated with the global economy.
He said that the priority of building a strong relationship with the Central Bank of Iraq and the development and modernization of the banking system to Field Marshal that there is a lot of liquidity in the Iraqi economy is still suffering must be invested in investments for the sake of the Iraqi people.
The economic counselor at the American embassy in Iraq and Daniel Ekandt that his country is committed to supporting the economy and private sector development in Iraq.
He said that Iraq has become the biggest trading partner of the United States that wish to expand their trade with this country, pointing out that the banking sector plays an important role in promoting this aspect.
He announced that major American information technology companies looking to expand their work in Iraq.
It also announced that it would for Iraq on the 17th of this month, the first working group at the WTO in Geneva in the framework of this country sought to join this important organization, which will have a reflection on the integration of the Iraqi economy, the world economy.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:29 AM #33
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Iraq : Army Commander in Babylon : "We will not allow the presence of militias in the province
Hilla - Sabah The brigade is the second of the eight Iraqi army Col. Abdul Amir Kamel not allow the presence of militias in the province of Babylon. He said the entire told Nina yesterday, Tuesday, that the forces of General strongly hit any side or militias trying to destabilize the security and stability of the province. We have the powers granted to us by the Prime Minister and Commander of the eighth to do so. He added that what happened in acts of violence recently in North Babylon from the burning of mosques and mosques is an attempt by terrorists and their associates to destabilize the security of the state and attempting to undermine the elected government.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:32 AM #34
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Iraq within six months :
Najaf Airport will be ready to receive visitors Najaf, Adnan al-Sudanese Abdel Hussein Abtan deputy governor of Najaf Director reconstruction of the airport in the city that the most important problems facing professionals in the draft lies in the reconstruction of the landing of the aircraft ramp result sandy land of Najaf, which can shed large airstrip kind of Boink 737 in addition to the need for the airport to many of the techniques global, which makes it an important role in the reception and leave the tourists and visitors to the city of Najaf. He added Abtan through his conference for the reconstruction of Iraq's airports held recently in London, organized by one of the institutions of civil society and the participation of the group of companies specialized in the field of reconstruction of airports in Europe and America. Najaf that the airport will be completed early stages to be ready to receive passengers during the six months, pointing to the economic importance of tourism and to be provided by to maintain the airport after his inauguration, which has attracted a number of investment companies in the Arabian Gulf, which will seek to build tourist hotels four and five-star because we expect that increasing numbers of visitors to maintain up to three million visitors annually.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:36 AM #35
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Opening : Maliki government of National Salvation
April 5, 2007 Peasant Torch Practically aborted advocacy promoted in the media sought some common political lists of the House of Representatives, forming a front to take inside the task of forming an alternative government to the government of Mr. Nouri Al-Maliki, called "the designation (National Salvation). The reason for the failure of the President this call comes from the inability to win votes lists and qualify for a peaceful coup, as he called some of the observers. Appropriate for re talking about this project late ambition is what some newspapers, which made a hostile position of the government of national unity, and the desperate attempt to breathe spirit and its quest to deliver messages to the people who elected this government as an interim government and a function of the government to find alternative future. Democratic regimes allow political maneuvering and open space to take the democratic game full photo, and all of that comes within the unity of purpose and national participants paid great step forward in order to provide a better situation for voters and the general public. As for the situation in Iraq, the situation calls for democratic degree of accuracy and more National Guard ancillary to the government, and programs seeking to halt the bloodshed and liberating the country from terrorists and restore services and provide a standard of living befitting patience, courage and the sacrifices made by people in the battle for existence and freedom, whether the government operated under these Maliki What objectives and programs may be made by the government rescue?. A careful reading of the Constitution and the electoral law indicates that the Al-Maliki government in essence represents the government of National Salvation, as it did not form according to the elections, but according to the requirements of national unity required, and produced by the government-Maliki of the data to date are not successful, but as a practical aborted quest seeking to put spokes in turnover wheels.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:37 AM #36
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Iraq : Trade Minister : Arab promises to tackle Iraq's debt
Baghdad-Mahdi Karim Al-Taee The Minister of Trade, Dr. Abdel Sudanese farmer that Iraq obtained the positive promises from the Arab countries, especially the Gulf countries on the treatment of debts incurred in the time in which it called on States to contribute actors in drying up the sources of terrorism next to Iraq and combating it. He said in a press of the "morning" after his participation with a delegation of Iraq's Arab Summit Conference held in Riyadh in late March and the last returning to Baghdad : that he discussed prior to the conference with the Minister of Trade and Economy Arabs, especially Saudi Arabia and the Gulf States the issue of debt and compensation implications of the Iraq briefly .. He received good on the promise of these States to deal positively .. He expressed his hope for further meetings and discussions in order to reach a definitive solution to this issue. He added : "We have asked the Arab countries during the talks to make additional efforts to curb terrorism contained to Iraq .. Reassuring them that the Iraqi government has vigorously sought to improve relations with it in all areas and turn the page on the past .. He pointed out that Iraq gives priority to the Arabs in order to benefit economically through contribute to the investment and implementation of projects within the strategic plan for the reconstruction of explosive and reconstruction .. That requires an end to the terrorist operations which target all the countries of the region, without exception, for the benefit of all the peoples of the region.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:38 AM #37
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Political first : Parliament held in Dubai expanded seminar to discuss the oil and gas
Away from the political pressure and for constructive dialogue involving Iraqi figures living abroad Baghdad-Sabah The House of Representatives held a seminar in Dubai to discuss the expanded oil and gas, on the eighteenth of April in which government officials and parliamentarians as well as Iraqis and foreign experts. First deputy chairman of the House of Representatives Sheikh Khaled al-Attiyah, who chairs the symposium justified held in the United Arab Emirates, the need for the atmosphere far from the political pressure to manage professional dialogue leading to the areas of indexing flaw or weakness or confusion in the draft law. He said al-Attiyah told (morning) : The Council called on jurisdictional personalities to contribute to the discussions could not participate if the forum was held in Baghdad. Al-Attiyah was responding to a question about the reason for holding the 50th symposium attended by government officials and parliamentarians outside Iraq, pointing out that the figures from abroad apprehensive of the security situation as well as other personalities who attended had opposed the law, which Iraqi figures living abroad, and stressed that the seminar is open to all who wish participate. The law of oil and gas to the rivalry between the supporters and is widely believed that the review of some articles. Sheikh al-Attiyah says : that the gathering that the vision set out the technical dimensions and strategic outlook for reducing the gap of differences, or backfilling final because the demands of the law of the House of Representatives serve the present and future of Iraq. Among the most prominent participants Deputy Prime Minister Barham Saleh and Oil Minister Hussein Al-Shahrastani and Planning Minister Dr. Ali Papan, and the members of the committees of energy The oil and gas in the Council and representatives of the political blocs, such as oil experts Fadel Chalabi, Thamer July 2001], Tariq Shafiq. The symposium was held in Amman and presented Arab media strongly criticized the law but said Followers : The most speakers were jumping from politically motivated tendencies opposed the regime in Iraq. and these same observers speculate that the House of Representatives could see no reason why the involvement of Iraqi opposition in such dialogues Thus assignors predict this to say : The Iraqi Parliament is open to the positive views regardless of the sources, and power spe******t professional dialogue going to result in successful ideas. It is believed that the recommendations of a symposium Dubai to reconsider some of the decisions of law and may be changed.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:40 AM #38
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Iraq : Kuwait Oil Company to resume pumping oil derivatives in the direction of Iraq beginning next May
A new mechanism for the import of fuels from Turkey Baghdad-Sabah Kuwaiti oil company to resume at the beginning of next May of pumping more than three thousand, five hundred tons of oil derivatives per day towards Iraq against the backdrop of the contract between the parties with visitors in the next few days a high-level delegation of oil to Turkey for a new mechanism for the import of oil derivatives to avoid the complexity of the former and new contracts in this regard with Turkish companies. He said Falah Al-Ameri, director general of State Oil Marketing Organization (SOMO) told (morning) : The company at the current stage did not have contracts for the import of oil derivatives with the Turkish side, and that the company is developing a new mechanism to overcome the obstacles that have occurred in previous decades and the reluctance of Turkish companies in the delivery of products to the northern regions of Iraq, noting that the next few days would witness directed a high-level delegation of the Ministry of Oil to Turkey to put this new mechanism agreement with the Turkish side, and new contracts for the import of fuels with companies specialized sober and well-executed for the purpose of providing the northern region of all oil derivatives. He added that SOMO also has activated the contract with the Kuwaiti side to import more than three thousand, five hundred tons of potatoes per day of gas oil and gasoline explaining that the Kuwait Oil Company of Iraq pledged processing of such quantities as of Wednesday January 5 next, especially as the quantity of gas oil contract estimated two thousand tons per day one thousand of them would be transferred to the Ministry of Oil and other mill will be converted to the Ministry of Electricity to the operation of its obstetric and one thousand and five hundred tons per day of benzene would equip the Kuwaiti side of the direction of the Furat that will be entirely on the Quantities. Amri explained that the company continues to receive more than six thousand tons of benzene One thousand five hundred tons of material per day of gas oil through contracts with international companies, which hit marine outlets, praising the role of such companies, which is keen on Iraq's processing of such quantities without any delay recall noting that the contracts signed with these companies made through tenders. The general director of the company (SOMO) that the importation of oil derivatives faces many technical problems, especially in the contracts signed with the Iranian side, which pledged to deliver products through the executors Zorbatiyah and Mundhiriyah indicating that the contracts with Iran were the first two companies Iranian government and the second with the Iranian private sector, explaining that these contracts were concluded with the Iranian side since September of last year to import substantial amounts of kerosene and liquid gas. He explained that the companies Amri Iranian government has not implemented its commitments to deliver a kerosene only accounted for 40-45% of the contract value and only 15% of the article liquid gas, despite the call by these companies continuing to activate the implementation of the contracts. He threatened SOMO director-general of the Iranian private sector companies in the delivery of the stalled oil derivatives via the border to review all contracts concluded with them and transmitted to other companies in the event of continuing reluctance during the few coming.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:40 AM #39
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Iraq : loans granted to the unemployed instead of the Rafidain Bank industrial
Baghdad-Rali sure The Ministry of Labor and Social Affairs that the Ministry of Finance had been withdrawn from bank lending to the industrial validity unemployed and given to the Rafidain Bank. The Minister of Labor and Social Affairs Sheikh Mahmoud Al-Radi told (morning) : The Ministry of Finance withdrew lending validity of the registered unemployed operating centers, vocational training and unable to work who opened a small project to support their families from the Industrial Bank and the Rafidain Bank granted. He added Radzi Sheikh will be set up (in 5000) a project in the Baghdad governorate only in the current period and the other governorates will be covered in the event of the success of these projects, pointing out that the ministry had prepared studies for a (100) A small project in Baghdad and the provinces under the ratios of registered unemployed centers operating. He reported that the amount of the loan does not exceed (10) million dinars, and determined according to the economic feasibility of the project at almost negligible. Alluding to this opportunity summarized by the Ministry college graduates and institutes registered unemployed operating centers, vocational training and immigrants from Baghdad who wish to return to the owners of the affected stores as well as the possibility of operation of more than one person in the project to absorb as much as possible of the unemployed, explaining that the projects would be set up (10) in different regions emphasizing that the project will be implemented during the next few.JULY STILL AINT NO LIE!!!
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06-04-2007, 04:42 AM #40
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Parliament : MPs : BILL oil and gas is a major step in the development of the economy
Although there are some negative points Baghdad-Khalid Qattan Believes that the number of deputies participating in production contracts awarded to oil companies, foreign investment, is one of the most serious things existed in the pre-draft the new law on oil and gas, sponsored by the Council of Ministers, It will give more than 50% of the ownership of the Iraqi people for its oil wealth to these companies. They said in interviews to "Assabah" Iraq is a country rich oil and contains many of the natural wealth and human resources, but that the Iraqi people are suffering from hunger, unemployment and deprivation of the most basic elements of a decent life, especially the poor and destitute families, in addition to the result of the continuing suffering acute shortages of services and the absence in many cases. Stating that the reactions of the opposition to pass this law, but his position on the essence and origin, but is intended to recruit and marketing positions of political progress. Pointing out that no law can thus be subject to the fates of political enticements. And stressing the need for consensus on the part of everyone either rejection or acceptance, from the higher interest of the Iraqi people and not for the interests of lumps or communities. Activation of oil investment The deputy Amer Thamer, the independent bloc of solidarity, that the entire oil law, sponsored by the Presidency of the Council of Ministers has many positive aspects which, if done well, and this law will help to develop the processes of prospecting and production of Iraqi oil, in addition to skills development, which will gain employment in the Iraqi area oil. He added that the new law, which the oil wealth, which will lead to increased productivity in the oil and gas, and to activate the Arab oil investment and foreign in Iraq, but he added, saying : there are some paragraphs in this law needs to pause for analytical reformulated, as it would have adverse implications on the development and the development of the Iraqi economy, if it remained unchanged, especially the theme contracts participate in the investment, and multiple points of the resolution in the granting of licenses, in the words of Thamer. He pointed out that the draft law in general, if approved after amendments to them, creating a quantum leap in the Iraqi economic growth and social development, and will lead to the improvement of the living of the citizens and to the welfare of the Iraqi people, and help Iraq return to its normal Yugoslavia between oil states. Noting that he could not work this law only after the issuance of laws on the national oil company and the Law of the Ministry of Oil and the financial resources. CONTRACTS serious Deputy Noureddine Hayali, the Accord Front, said : the new oil law in general, the pros and cons, and this is a great danger to the negative aspects of the Iraqi economy and development, and also poses a threat to the oil wealth of the Iraqi people, the pros are supporting the National Oil Company, stressed that the Iraqi oil belongs to the people, and the distribution of financial returns between Iraqis in the provinces through the constituted for this purpose. He added that this law will stimulate investments of the oil and exploration and production for more than 80 gas fields in the oil pan areas in Iraq. He pointed out that in Iraq there are 17 minefields major producer of oil fields and the few productive approximately 24 gas fields, if developed these fields can Iraq to return to production limits of three million barrels of oil a day. Hayali believes that the oil and gas that has been written American pressures for more than eight months. He explained : in the aftermath of this pressure, the government has Astaglt issuance and demonstrate the bill, which participated in its writing and foreign sources for the text agreed on the need for investment contracts with foreign oil companies, the so-called contracts participate in the production. Hayali believes that the participation of these contracts is one of the most serious things found in the bill submitted by the Council of Ministers, it will give more than 50% of the ownership of the Iraqi people for its oil wealth to the investment of foreign companies. Abundant oil-hunger extreme deprivation unemployment With believes deputy Kurdistan Alliance, Abdalkhalk Zenknh, that the new draft law for oil and gas should be flowing entirely in the interest of the Iraqi people, and to achieve the hopes and aspirations of people living and the welfare of Iraqi economy strong. He added : Iraq is a country rich oil and contains many of the natural wealth and human resources, but, unfortunately, as I say bitterly that our people suffer from hunger, unemployment and deprivation of the most basic elements of a decent life, especially the poor and destitute families, in addition to the continuing suffering from the acute shortage of services and lack of in many cases. Zenknh believes that the issuance of this bill came in the light of the Constitution, which is a step forward in activating investment law, and particularly oil investment in the areas of Iraq and areas of the Kurdistan region. He pointed out that it was not reasonable to rely on its oil wealth, Iraq to the Baiji refinery, a large refinery and a giant, but it is located in hot spots that leads to be introduced continuously to the bombings and sabotage by terrorist groups and sabotage. He urged the government to the growing interest Balmassavi oil located in the safe areas, and the creation of a new division to the other in these areas. He explained that the bill has been introduced for discussion, and we are obliged to pass the law and recognize just in terms of oil wealth, fair to the Iraqi people. Demanding that there is a percentage of oil imports granted to the poor and destitute is a large and live below the standard of living, and some of them are many living below the poverty line, and that the allocation of 5% of oil revenues to the displaced families and stage of the original home areas, and the proportion allocated to the victims of the Anfal victims the former regime. He also recommended that the salaries of oil imports to the unemployed and those with limited income and retirees. Emphasizing the necessity that the law must be to the benefit of the Iraqi people and slice immigrants who numbered over four million in outside Iraq and one million persons. Marketing positions progress Deputy coalition consolidated, Abbas Bayati, said : We do not renounce the interests of the Iraqis under any pressure or circumstance, not strength of the oil wealth which belongs to our people and our generations, the hands of foreign companies monopoly, and everybody should concentrate on this law and work on his speech word for the purpose of raising any problems which may lead towards granting foreign oil companies to play a bigger role companies Iraqi oil. He added : There are three entrances in the discussion of this law, the first role of regions and provinces to conclude contracts, and the second distribution of oil imports equal to the sons of the Iraqi people, and the third attract oil investment by foreign companies. Al-Bayati believed that the law now before the mysterious aspects that need clarification and interpretation, so that the Iraqi people familiar with the details and the background of this law. He pointed out that there is a shortage in the new draft law, but should complement this law with three other laws attached to it, including the distribution of oil imports between the Iraqis, and the investment in the Iraqi oil refineries, and to provide all of these laws in the legal framework of a deal so the picture will be clear to all. Regarding the argument that the current security conditions do not allow such Thus, the law, Bayati said : contrary to the infrastructure of Iraq, particularly the institutions and oil installations unwieldy and need to build and develop, for the purpose of raising the ceiling of oil production and export levels increase, so that we can meet the needs of reconstruction of the funds obtained from oil revenue source. He pointed out that the current security situation will not continue for long, and therefore we will sooner or later before the reality of stability, which will require large urban renaissance needed to cover an enormous financial. He explained that Al-Bayati, senses and smells through the reactions of the opposition to pass this law, it is not focused on the essence and origin, but is intended to recruit and marketing positions of political progress, and it can not thus the fateful be subject to political differences, according to Al-Bayati. He had to be consensus on this law by all the rejection or acceptance, from the higher interest of the Iraqi people and not for the interests of lumps or communities. He added : law will be subject to thorough discussion and dialogue within the parliamentary committees concerned, as well as by all members of the House of Representatives of the incumbent Assembly, prior to the pass. It is believed that the draft law subject to discussion and dialogue will take months at least.JULY STILL AINT NO LIE!!!
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