Thread: Iraq/Dinar News to April 19, 2007 10PM CST

Originally Posted by PAn8tv

The cancellation of more than a thousand in 1919 and signed the Principles in
(Voice of Iraq) - 11-04-2007 shall Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

As part of the Memorandum of Understanding "oil for food"
Baghdad-Sabah
Foreign Ministry announced the cancellation of more than 19 thousand contract of the oil-for-food program concluded during the former regime and ending the program and the liquidation of accounts and forwarded to the Development Fund for Iraq. A press statement issued by the Ministry of Foreign Affairs received a "morning" that the copy of this action came after the completion of the conference to discuss the termination of the program and the liquidation of accounts

The conference was attended by the head of the Iraqi organizations and international cooperation at the Ministry of Foreign Affairs Najib narratives and representatives of eight other Iraqi ministries as well as the World Bank in addition to the presence of the Controller of the United Nations. The statement said that the conferees agreed to extend the contracts of some necessary and essential for Iraq until the end of this year, pointing out that the narratives handed the ambassadors of the Russian Federation, China, France and Germany official note requesting Iraq to support their draft resolution expected to be discussed in the Security Council during the current month to end the mandate of the United Nations Monitoring, Verification and Inspection Commission (UNMOVIC) and the closure of the files on past weapons programs and the conversion of the assets to the Development Fund for Iraq.

WOoTTTT!!!! THIS IS A BIGGIE!!!!

Originally Posted by shotgunsusie

it wasnt my point that they are using the revalue as a bargaining tool. really the only ones who are concerned about the revalue are the people who invested in dinar and the ones who continue to hold it on the ground in iraq. dont ask me why theyve chosen to do it this way but i have read enough to know that when the debt is gone, the country will begin to prosper.

and on the burden note, they didnt incur these debts they are trying to get relieved but they are responsible since saddam was running the show and put them in debt. they are his bills not the countries.

I agree- the debt is their obsticle- once that it taken care of- I believe good things will happen.
Leann

Originally Posted by Jola

Something is not right here.

I see the date: they will start to give this money on April 15, 07.

But 1 mil and a half ??
If ISX opens on April 15, and we think of an RV taking place before that, then ...man, I don't know anymore...

we have to start thinking of that country in the same terms as them having as much money each as kuwaitis coz thats whats going to happen. im sure its not unusual for a kuwaiti to get a million and a half for a lifetime of torture payment.

Originally Posted by Lunar

Economic : the new investment law and the requirements of activated
11.04.07
Hamid punitive

Complementary elements in the institutional climate for investment and investment incentives with many of the procedures and measures of protection instead of reassuring us with the Arab and foreign investors through the presence of specific laws to ensure compensation for the risk of any economic or non-economic potential, mainly :

1-total protection of the individual before the constitution will guarantee in the Iraqi Constitution there is no point to the possibility of conducting the nationalization of private property.

2 - Develop protection of industrial property, commercial and practical, functional and when this must be aliens, in accordance with the law the same protections enjoyed by Iraqi citizens as extending protection to the patent, models and industrial fees, trademarks, trade names and countries of origin and marks of origin and protection from unfair competition.

3-a legal protection for businesses included in the scope of commercial property and includes elements of physical and non-physical and enjoys the protection of the business arising from the possibility of a civil claim for compensation for the damage caused by unfair competition.

4-establishment of national institutions to ensure investment in order to stimulate investment and cover these institutions, which must be given to ensuring the risk of war and strikes, unrest and confiscation, expropriation for an annual premium to be determined, according to the amount insured.

5-guarantee bank deposits.

Six-free movement of capital : Iraq must enjoy the freedom of movement of capital and profits, without restriction or condition.

7-establishment of a center for arbitration Iraqi mission : to consider trade disputes and industrial action by the fair and proper and the laws and regulations placed for this purpose.

Most of those safeguards are already in the new investment law makes it encouraging to investors.

But there determinants led to curtail the role of private investment after the fall of the regime and made the overall investment climate of de facto weak and encouraging due to lack of stability and security is the first decisive factor behind the reluctance of national capital and foreign investment in economic activity.

The dominance of the activity of the public sector and its institutions on the economic life led to a general weakening of the competitive investment climate because the size of the public sector and the potential dominance and governmental factors undermining the competitiveness of the private sector and its ability to natural growth.

The lack of confidence about the stability of the full reform policies because of a reluctance of institutional caused migration of the Iraqi capital with the feeling generated by the private sector to the national policy reform affect their interests and that is why we need to adopt policies that do not impede reform, but provide mechanisms to help the private sector to overcome to assist in the transition to stand on its own two feet pending re-arranging its data with the new stage.

That clear and significant deficiencies in infrastructure, especially in the fields of electricity, water and other services led to a contraction in the national capital and also emigrated to the weakness of the steps taken to reform the banking system and capital markets as the small investors are finding it difficult to use the banking system in obtaining the necessary funding for the operation of their interests and to engage in new investments.

The general feeling of corruption and the administrative institutions of the State, especially with respect to the granting of contracts to the private sector.

We believe that the new law will assist in integrating into the global economy.

We have announced the establishment of the Investment Authority, which included representatives from the public sector and the private sector but striking that the dominance of the public sector still persist because of the nomination of six members, including the Chairman and Vice-Chairman of the public sector against three members of the private sector and this will weaken the role of the private sector in the formulation of policies investment in the time that he was responsible for direct investment and promoting it and the percentage odds with the principle of transition from a totalitarian economy to a market economy and the required review of the representation to be the sound of the new direction shifts.

The investment law, despite the passage of the period to approval by the government and parliament and the formation of body has still not entered into force.

The need to adopt policies requiring the development and empowerment of the private sector, especially organizations of civil society specialized in the economic area chambers of commerce and industry, businessmen associations and the Commonwealth of private banks and others in the performance of their duties to the fullest through implicated in the policy-making new investment.

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hmm...

don't know if this has been posted but found this article in the washington times...

The Washington Times
The Washington Times, America's Newspaper

--------------------------------------------------------------------------------

Iraqi hopes tied to summit
By David R. Sands
THE WASHINGTON TIMES
Published April 12, 2007

--------------------------------------------------------------------------------

The United Nations' new point man on Iraq reconstruction said Iraqi hopes are soaring over a planned international conference next month on the country's beleaguered economy, putting pressure on neighboring Arab governments to offer up real debt relief and other concessions.
"It would be a real slap in the face" if the May 3 gathering at the Egyptian resort city of Sharm el Sheik failed to produce concrete offers, Ibrahim Gambari, the U.N. undersecretary-general overseeing the Iraq-reconstruction program, said in an interview Tuesday with The Washington Times.
"It could undermine the vision of [Iraqi Prime Minister Nouri] al-Maliki and his government to take the steps needed to restore Iraq's economy," the veteran Nigerian diplomat added.
Iraqi government spokesman Ali al-Dabbagh warned on a Washington visit yesterday that Iran is ready to expand its clout inside Iraq if Arab rivals like Saudi Arabia, Jordan and Kuwait fail to support Iraq's economic recovery.
"If the Arab countries do not step up, Iran's influence in Iraq will grow," Mr. al-Dabbagh said.
The May 3 meeting on the U.N.-backed "International Compact on Iraq" will be followed, the next day, by a second conference of Iraq, its Middle East neighbors, the United States and other world powers on Iraq's security situation. Secretary of State Condoleezza Rice is expected to attend the Sharm el Sheik gathering, along with senior ministers from Iran and Syria.
Mr. Gambari said the compact is a five-year reconstruction plan started last month jointly by the United Nations and the al-Maliki government.
Under the plan, Iraq would agree to undertake a series of economic and political reforms in exchange for international investment and financial concessions.
Mr. al-Dabbagh said that, despite Iraq's vast oil and gas reserves, the country faces a five-year "bottleneck" trying to jump-start the economy and reform social and legal services while dealing with an increasingly violent insurgency.
Iraq's foreign debt stood at about $120 billion when Saddam Hussein's government fell in 2003. The United States forgave some $4.1 billion in Iraqi debt in late 2004, and the "Paris Club" of wealthy creditor nations pledged a major debt-forgiveness program.
But despite a debt-relief drive led by former Secretary of State James A. Baker III, Iraq's Arab neighbors have been far less forthcoming.
Saudi Arabia still holds an estimated $28 billion in public and private debt, and Kuwait's parliament has balked at concessions on tens of billions of dollars in debt and reparations still owed from Iraq's invasion in 1991.
Mr. Gambari acknowledged the security situation in Iraq makes long-term economic planning and investment difficult. He also acknowledged that Iraq's Arab neighbors have been slow to support the al-Maliki government, which relies heavily on Shi'ite parties with extensive ties to Iran.
But he said he found a "significant buy-in" from all the leading Iraqi factions for the reform program in the compact, including backing from leading Sunni politicians otherwise opposed to the al-Maliki government.
"We cannot wait until all is perfect in Iraq if we are to move ahead," he said.
The compact, which Mr. Gambari said is a top priority of new U.N. Secretary-General Ban Ki-moon, is one of the highest-profile U.N. efforts to date in Iraq. The world body was badly divided by the U.S.-led invasion of 2003, and pulled out much of its top personnel after an August 2003 bombing that killed top U.N. envoy Sergio Vieira de Mello and other senior U.N. officials.
But Mr. Gambari said the United Nations has quietly expanded its presence in postwar Iraq, helping organize the country's three nationwide elections since 2005 and overseeing the debate over revising the country's constitution.
"Our profile in Iraq is more about quality than quantity, although we are now the single biggest foreign presence after the multinational military force," he said.
Mr. Gambari said U.N. envoy Ashraf Qazi, finishing up a three-year tour in Baghdad, has been able to meet with Grand Ayatollah Ali al-Sistani, the Shi'ite spiritual leader in Iraq who has consistently refused to deal with U.S. authorities.








Copyright © 2007 News World Communications, Inc. All rights reserved.


Copyright The Washington Times

This article looks promising... Maybe we'll see some economic change after the May 3rd meetings because it looks like a lot of countries are putting pressure on Iraq to stop dragging their feet and to get something done. But we'll just have to wait and see I guess

Originally Posted by buddyboy

don't know if this has been posted but found this article in the washington times...

The Washington Times
The Washington Times, America's Newspaper

--------------------------------------------------------------------------------

Iraqi hopes tied to summit
By David R. Sands
THE WASHINGTON TIMES
Published April 12, 2007

--------------------------------------------------------------------------------

The United Nations' new point man on Iraq reconstruction said Iraqi hopes are soaring over a planned international conference next month on the country's beleaguered economy, putting pressure on neighboring Arab governments to offer up real debt relief and other concessions.
"It would be a real slap in the face" if the May 3 gathering at the Egyptian resort city of Sharm el Sheik failed to produce concrete offers, Ibrahim Gambari, the U.N. undersecretary-general overseeing the Iraq-reconstruction program, said in an interview Tuesday with The Washington Times.
"It could undermine the vision of [Iraqi Prime Minister Nouri] al-Maliki and his government to take the steps needed to restore Iraq's economy," the veteran Nigerian diplomat added.
Iraqi government spokesman Ali al-Dabbagh warned on a Washington visit yesterday that Iran is ready to expand its clout inside Iraq if Arab rivals like Saudi Arabia, Jordan and Kuwait fail to support Iraq's economic recovery.
"If the Arab countries do not step up, Iran's influence in Iraq will grow," Mr. al-Dabbagh said.
The May 3 meeting on the U.N.-backed "International Compact on Iraq" will be followed, the next day, by a second conference of Iraq, its Middle East neighbors, the United States and other world powers on Iraq's security situation. Secretary of State Condoleezza Rice is expected to attend the Sharm el Sheik gathering, along with senior ministers from Iran and Syria.
Mr. Gambari said the compact is a five-year reconstruction plan started last month jointly by the United Nations and the al-Maliki government.
Under the plan, Iraq would agree to undertake a series of economic and political reforms in exchange for international investment and financial concessions. Mr. al-Dabbagh said that, despite Iraq's vast oil and gas reserves, the country faces a five-year "bottleneck" trying to jump-start the economy and reform social and legal services while dealing with an increasingly violent insurgency.
Iraq's foreign debt stood at about $120 billion when Saddam Hussein's government fell in 2003. The United States forgave some $4.1 billion in Iraqi debt in late 2004, and the "Paris Club" of wealthy creditor nations pledged a major debt-forgiveness program.
But despite a debt-relief drive led by former Secretary of State James A. Baker III, Iraq's Arab neighbors have been far less forthcoming.
Saudi Arabia still holds an estimated $28 billion in public and private debt, and Kuwait's parliament has balked at concessions on tens of billions of dollars in debt and reparations still owed from Iraq's invasion in 1991.
Mr. Gambari acknowledged the security situation in Iraq makes long-term economic planning and investment difficult. He also acknowledged that Iraq's Arab neighbors have been slow to support the al-Maliki government, which relies heavily on Shi'ite parties with extensive ties to Iran.
But he said he found a "significant buy-in" from all the leading Iraqi factions for the reform program in the compact, including backing from leading Sunni politicians otherwise opposed to the al-Maliki government.
"We cannot wait until all is perfect in Iraq if we are to move ahead," he said.
The compact, which Mr. Gambari said is a top priority of new U.N. Secretary-General Ban Ki-moon, is one of the highest-profile U.N. efforts to date in Iraq. The world body was badly divided by the U.S.-led invasion of 2003, and pulled out much of its top personnel after an August 2003 bombing that killed top U.N. envoy Sergio Vieira de Mello and other senior U.N. officials.
But Mr. Gambari said the United Nations has quietly expanded its presence in postwar Iraq, helping organize the country's three nationwide elections since 2005 and overseeing the debate over revising the country's constitution.
"Our profile in Iraq is more about quality than quantity, although we are now the single biggest foreign presence after the multinational military force," he said.
Mr. Gambari said U.N. envoy Ashraf Qazi, finishing up a three-year tour in Baghdad, has been able to meet with Grand Ayatollah Ali al-Sistani, the Shi'ite spiritual leader in Iraq who has consistently refused to deal with U.S. authorities.


Copyright © 2007 News World Communications, Inc. All rights reserved.


Copyright The Washington Times

the more i read about this week of events the more i think our revalue is tied into that ceremony somehow. well for those who havent gotten as much as they wanted thats a good thing, for everyone else who is chomping at the bit, its only 3 weeks away!!

It does seem like they're putting a lot on this May 3rd meeting SGS... I can wait three weeks!

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Political first : nine axes raised the foreign ministers at Sharm el-Sheikh

Baghdad mobilize support and create hall meeting in Cairo on the Red Sea.
بغداد - الصباحBaghdad-Sabah
Baghdad, Cairo started at the same time preparing for the Conference of Foreign Ministers (international), which will be held in Sharm el-Sheikh in the third and the fourth of next month and discuss (nine) axes task. The Ministry of Foreign contacts and deliberations

With those who participate in the Sharm el-Sheikh summit, as discussed Foreign Minister Hoshyar Zebari with the Representative of the Secretary-General of the United Nations, Ashraf Qazi preparations and requirements necessary for the success of the Conference of Foreign Ministers. A statement issued by the ministry received (morning) copy, that Zebari continue his contacts with his counterparts from the Arabs and foreigners in order to put the finishing touches The requirements of the conference. The Minister of Foreign Affairs had announced early this week for the holding of the two foreign ministers and the International Covenant in Sharm el-Sheikh in the third and the fourth of next month. In Sharm el-Sheikh quoted informed Egyptian sources told (morning), he is currently creating 22 seats in the main hall overlooking the Red Sea waters of the Ministers of Foreign Affairs neighboring countries and the permanent members of the Security Council and the G-8 as well as the heads and representatives of a number of Arab and international organizations. Sources confirm that the foreign ministers will discuss Melvin to push the situation in Iraq, the political and security issue, pointing out that the political file contains five axes : Support for national reconciliation, and to expand political participation, and review matters of contention as some of the provisions of the constitution, as well as to ensure the fair distribution of wealth and the elimination of political and sectarian tensions. sources indicate the presence of four other themes will be discussed within the security file is supporting a plan to impose law and speed up the rehabilitation and building of military forces and Iraqi security, the prevention of armed rallies and addressing the issue the militias, and stop foreign interventions (politically) on Iraq procedure. The sources did not reveal the presence of international or Arab initiative would be discussed during the conference, despite confirmation that the summit will discuss the recommendations of Riyadh on Iraq. Baghdad had last month hosted an international meeting of the preparatory conference of foreign ministers, several observers success for the Iraqi diplomacy. it confirmed Mariam Al Rayyes Prime Minister Advisor : "Maliki would travel to Egypt on the 20th of this month after a visit by now to Japan and South Korea." The president of the National Iraqi News : that Maliki received an invitation from the President of the Republic of Egypt and Prime Minister to visit Egypt and that he would visit after his return to Baghdad from his Asian tour. " The president added : "The visit is of great importance to Egypt possesses the weight of an Arab." It continued : "The visit will strengthen Egyptian-Iraqi relations and the reconstruction of Iraq is a good sign of openness to Arab countries to support Iraq. " and the president indicated : "The Arab states had a negative attitude from Iraq in the last term, but these attitudes have changed, especially after the preparatory conference of neighboring states which was held recently in Baghdad, the Arab summit conference in spite of presenting some of the statements made by the Heads of State." stated : "Iraq wants to return to the position President between Arab countries through such visits. "

The president : "Iraq, despite the suffering he donated to the Palestinian government in the last summit which indicates the desire to return to its position among Arab countries." Expected Adviser to the Prime Minister : "that the visit will be fruitful and lead to genuine openness of the Arab States on Iraq, calling for Arab heads of state to visit Iraq and become acquainted with his new, as did the Secretary-General of the United Nations. In Washington, State Department refrained from commenting on what was said about the possibility of Iran not to attend Minister Foreign Sharm El-Sheikh conference.

He said Shawn Mccormak spokesman for the ministry said that this is contrary to statements issued by Iran and indicate a desire to participate in Iraq's stability. He added : Mccormak Iranians attend the conference will undoubtedly serve as a guide for their interest in achieving prosperity, democracy and stability in Iraq.
The Iranian Foreign Minister Manouchehr Matki had expressed reservation on the last Tuesday of Iran to participate in the conference also ruled out holding any meeting with his American, Condoleezza Rice.

He said Matki prefer a meeting of Iraq's neighbors in addition to Egypt and Bahrain stressed that Iran seeks Matki conference with the participation of Iraq's neighbors and goes on its agenda yet another conference will be a major power. The aide, Iranian Foreign Minister Mohammad Reza Bagheri has declared that Iran has not taken a decision on the participation of pointing out that this will be announced Iran's position on the conference at the appropriate time, according to the source.

Iraq : spring : my position has not changed and the law (accountability and justice) bold step

Baghdad-Sabah
Denied National Security Advisor Dr. Muwaffaq Rubaie that might have changed its position on the issue of abolishing the Baath stressing that his position on the question of abolishing the Baath was clear from the very first day of the fall of the tyrant and the proposal to distinguish between the Baathist criminals and Baathists who they belong to several reasons.

The statements came Rubaie conveyed information office and received the "morning" a copy of which was yesterday referred to a clarification of what some news agencies from the position of the "accountability and justice" as "a change in position.

Rubaie said that the re-examination of the law, epitomized after four years of the application is a bold and correct and showed the breadth and spaciousness of a Iraqi government to confirm that the government of national unity that includes all Iraqis and that the time has come for a comprehensive assessment of the actions of abolishing the Baath Party and the law review of the new law is for accountability down on the application of justice and the right wanted, which means that any process to judicial proceedings and the evacuation of political motives and exploit some of the feeble law abolishing the Baath arena for settling accounts and thus reach the level required to achieve justice and justice for the victims of injustice which is a sign that the health of the course, it comes in the framework of national reconciliation and pull the carpet the opportunists who in murky water playing on the tune of sectarianism and make sure that the return of the light of thought and sent Saddam continued, we know for sure that the Iraqi government has from the outset been strive for national reconciliation and saw the participation of distinguished national reconciliation conference held in Cairo conferences and Senate the tribes, political parties and the former Iraqi army officers are all steps in the path of reconciliation and to contain the moderates insisting on accountability and refer others to take advantage of the retirement and who have experience in the rebuilding of state institutions.
The statement explained that the national security advisor of the first molten tip of the iceberg and the barrier of fear among the people of Iraq in the provinces Alanbaruninoi Salahuddin, Kirkuk and Diyala change and that was when the patron of the Arab tribes in the district and invited them to political participation before the first elections in 2004, and sponsored a conference on the participation in the in writing the Constitution and that was in 2005.

All the evidence confirms that the stability of the position of National Security Advisor, which is : to be the participation of all Iraqis in the political process in order to build a new Iraq and that the proposed law Msla to vaccinate against disease Saddam's Baath ideology and approach and style, and Tamra, we begin a new phase based on tolerance and love and brotherhood Iraqi

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