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

Reminding all that the " reshuffle " would come after , "the positive"...

English : Barham Saleh : Int. Covenant new map plan to build Iraq
15.04.07
Baghdad, at times very. 15, P.. 1

Deputy Prime Minister Dr.. Barham Saleh described the project as international covenant new map plan to build modern developed state

Mentioned possibility of transfer Iraqi case from conflict point regionally and internationally to support consensus situation by Recht Und Völkerrecht.

Politically, security and economically.Saleh stressed at a meeting with some of advisers and reporters that the international covenant which would begin at launch of next month in Sharm el-Alsheikh with unprecedented international support and participation considering initiative came from Iraqi Recht Und Völkerrecht.

To hold new partnership with international community according to Iraqi vision and exchanged commitments under dynamic frameworks of national consensus and world support

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

The suspension of the parliament sessions ten days to repair damage explosion
(Voice of Iraq) - 15-04-2007
The suspension of the parliament sessions ten days to repair damage explosion
Dargham of Muhammad Ali
(In addition to the suspension of parliament sessions)
Baghdad - (Voices of Iraq)

Member of the House of Abbas Bayati that today, Sunday, the Council decided to suspend sittings for ten days, so that the restoration of what was destroyed by the blast, which struck parts of the building last week.

The explosion hit, it is likely that behind suicide belt regret, dining hall (cafeteria) to the building of the Iraqi parliament on Thursday, and led to the death of a member of Parliament and a number of parliamentarians and working in the building.

He added Bayati, a prominent figure in the (United Iraqi Alliance), in a statement to the News Agency (votes Iraq) alone "decided to adjourn the House until Tuesday of next week, after the meeting held today."

The Iraqi parliament today's meeting, attended by Deputy Prime Minister Barham Salih ... During the first reading of the draft law to grant Iraqi university students, and the second reading of the law of compensation disabled military actions.

Al-Bayati pointed out that the House "meets its three weekly, which already held two meetings on Friday and Saturday ... In addition to today's meeting. "

It was the House had held an emergency meeting last Friday, he called (a challenge),
To discuss the dimensions of the explosion and denounced ... To express support for the parliament to the families of the dead victims and the injured.

Al-Bayati said at the end of today's meeting, "such a long period will depend on the meetings of the Council, whose purpose is to give room for the restoration of the buildings destroyed by the explosion, which happened last Thursday."

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

(صوت العراق) - 16-04-2007(Voice of Iraq) - 16 - 04-2007
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برهم صالح: مشروع «العهد الدولي» سيحول العراق إلى دولة عصريةBarham Salih : draft <International Covenant> will turn Iraq into a modern state

نائب رئيس الوزراء أكد وجود مؤشرات إيجابية من السعودية لتخفيض ديون العراقDeputy Prime Minister confirmed the presence of positive indications from Saudi Arabia to reduce Iraq's debt

بغداد: حيدر نجمBaghdad : Haidar Najm
أكد نائب رئيس الوزراء العراقي الدكتور برهم صالح، أن العراق مقبل على مرحلة جديدة تساعد على نهوضه وتحقيق تقدم ملموس في جوانب الحياة المختلفة، من خلال إجراء جملة من الإصلاحات الاقتصادية والسياسية والتشريعية.The Iraqi Deputy Prime Minister Dr. Barham Salih, Iraq is on the verge of a new phase helps to rise and the achievement of tangible progress in different aspects of life, through a series of economic and political reforms and the legislature.

وقال أمام ممثلي وسائل الاعلام خلال اجتماعه بهم على طاولة مستديرة في مكتبه داخل المنطقة الخضراء ببغداد بحضور مجموعة من الخبراء والاقتصاديين، ان تحقيق المصالحة الوطنية، والقضاء على مفاصل الفساد المالي والإداري، بالإضافة الى الاصلاح في مجالات الطاقة والتعليم يشكل التحدي الاكبر الذي يواجه البلاد.He told media representatives during a meeting with them at a round table in his office inside the Green Zone in Baghdad, the presence of a group of experts and economists, to achieve national reconciliation, and the elimination of joints, financial and administrative corruption, in addition to the reform in the areas of energy, education is the greatest challenge facing the country. مشيرا الى ان البدء في هذه الخطوات يساعد على البدء بتنفيذ مشروع العهد الدولي الذي يهدف لتحقيق الاكتفاء الاقتصادي في العراق على مدى أربعين عاما مقبلة.He pointed out that the initiation of these steps help to start the implementation of the International Covenant project, which aims to achieve economic self in

Iraq over forty years to come.

وقال صالح «ان مشروع العهد الدولي بدأ كمبادرة عراقية منطلقة من حاجة العراق للاقدام على إجراء مجموعة من الاصلاحات السياسية والأمنية والاقتصادية لكي تصل بهذا البلد لشاطئ الأمان والاستقرار السياسي من جانب وأيضا الرخاء الاقتصادي»، وأضاف صالح ان الهدف من هذه المبادرة هو إقامة شراكة بين العراق والمجتمع الدولي وصولا الى ترسيخ دعائم «السلم الوطني العراقي» ومواصلة عملية النمو السياسي والاقتصادي والاجتماعي في البلاد.Saleh said <that the draft International Covenant began as an initiative of Iraqi aircraft from the need for Iraq to take a series of political and security reforms and economic order to reach this country to the shore of safety and stability of the political and also economic prosperity>, Saleh added that the aim of this initiative is a partnership between Iraq and the international community as a way of to consolidate <keeping the Iraqi National> growth and continue the process of political, economic and social situation in the country. وأعلن صالح أن مشروع العهد الدولي سيتم إطلاقه بصورة رسمية في الثالث من شهر مايو (ايار) المقبل في مؤتمر دولي يعقد بشرم الشيخ في جمهورية مصر العربية، وان المسودة النهائية للعقد الدولي سيتم اطلاقها في هذا الاجتماع الدولي الموسع الذي سيشمل 40 دولة و7 مؤسسات دولية على رأسها الامم المتحدة، موضحا أنه مشروع طموح يمثل حصيلة جهد فريق عراقي من مختلف الوزارات العراقية ومدعوم من قبل رئيس الوزراء نوري المالكي وعدد من أعضاء البرلمان المهتمين والمتحمسين له.Saleh announced that the draft International Covenant will be launched formally in the third month of May (May), next in the international conference held in Sharm El-Sheikh in the Arab Republic of Egypt, and that the final draft of the International Decade will be launched in this international meeting, which will include an expanded 40 countries and seven international organizations, including the United Nations, he said an ambitious project represents the outcome of a team effort from the various Iraqi ministries and supported by Iraqi Prime Minister Nuri al-Maliki and a number of members of Parliament who are interested and excited him.

وأوضح نائب رئيس الوزراء أنه تم الاتفاق مع الأمم المتحدة بعد طلب من رئيس الحكومة العراقية نوري المالكي، بشراكة ودعم الامم المتحدة لهذا المشروع من خلال رسالة وجهها الى الامين العام للامم المتحدة السابق كوفي أنان الذي وافق بدوره عليه، على ان يكون المشروع او المبادرة عراقيا بحتا.The Deputy Prime Minister said he agreed with the United Nations after a request from Iraqi Prime Minister Nuri al-Maliki, in partnership with United Nations support for the project through a letter addressed to the Secretary-General of the United Nations Kofi Annan, who earlier approved by the turn, on the project or purely Iraqi initiative. وقال: على ان تكون رئاسة المشروع مشتركة بين الحكومة العراقية والأمم المتحدة.He said : to be the presidency joint project between the Iraqi government and the United Nations. وأضاف، ان السبب الذي دفع الحكومة الى القبول والترحيب بالرئاسة المشتركة هو من أجل «إعطاء هذا المشروع غطاء دوليا والحصول على أقصى دعم ومساندة ممكنة من أعضاء المجموعة الدولية».He added that the reason that led the government to accept and welcome the joint presidency is for the sake of <give this project an international cover and obtain the maximum possible support and support from members of the international>.

ووصف نائب رئيس الوزراء العقد الدولي مع العراق بأنه «خريطة طريق نحو تحقيق الاكتفاء الاقتصادي الذاتي؛ إذ تعتبر بمثابة التزام متبادل بين قادة العراق والشعب العراقي إلى جانب كونها التزاما متبادلا بين العراق وبين الشركاء في الوثيقة».He described the Deputy Prime Minister with the International Decade of Iraq that <a road map towards achieving economic self-sufficiency; it is a mutual commitment between the leaders of Iraq and the Iraqi people, as well as a mutual commitment between Iraq and among partners in the document>. وأكد المسؤول العراقي أن العراق طلب من المجتمع الدولي دعمه في محاولته للتوصل الى بر الأمان والتغلب على التحديات التي تواجهه، وخصوصا في موضوع إسقاط الديون المتراكمة على العراق وتقديم المنح له التي كانت على رأس جدول النقاشات في اجتماعات المجموعة التحضيرية لـ«العقد الدولي مع العراق» التي عقدت في الكويت وابوظبي ونيويورك، بالاضافة الى دراسة الالتزامات المترتبة على الحكومة العراقية لتحقيق العقد الدولي الذي من المتوقع ان يصبح إطاراً للاقتصاد العراقي بين عامي 2006 و2011.The Iraqi official that Iraq has asked support of the international community in trying to reach safety and overcome the challenges facing it, particularly in the issue of the accumulated debt forgiveness on Iraq and the provision of grants, which have been at the top of the discussions at the meetings of the Group of the Preparatory <International Decade with Iraq> held in Kuwait and Abu Dhabi and New York, in addition to the study of the obligations of the Iraqi government to achieve the International Decade, which is expected to become a framework for the Iraqi economy between 2006 and 2011. وشدد صالح على أن إلغاء الديون العراقية المتراكمة من أيام الرئيس السابق صدام حسين، سيساعد العراق في تنفيذ الكثير من الالتزامات الواردة في وثيقة العهد، قائلا «هناك مؤشرات ايجابية من المملكة العربية السعودية لتخفيض الديون المترتبة على العراق، وكان هناك حديث حول ذلك في القمة العربية الاخيرة التي جرت في الرياض، وقد وعدنا الاخوان السعوديون خيرا، ونحن على أمل كبير في تحقيق ذلك».Saleh stressed that the abolition of Iraq's debts accumulated from the days of former President Saddam Hussein, Iraq will help in the implementation of many of the commitments contained in the document, saying <there are positive indications from Saudi Arabia to reduce the debt of Iraq, and there was talk about that at the recent Arab summit held in Riyadh, the Saudis promised Brotherhood good, and we hope to achieve that>.

وفي مجال الطاقة، قال صالح ان الحكومة لديها برامج طموحة لرفع معدل الانتاج من 2.4 مليون برميل يوميا الى 4.4 مليون برميل عام 2010، ثم الى 6 ملايين برميل عام 2012، من خلال جملة خطوات لتحسين مناخ الاستثمار وجاذبيته وتطوير القطاع الخاص، وصولا الى إتمام عملية دمج العراق مع اقتصاديات المنطقة والعالم.In the area of energy, Saleh said that the government has ambitious programs to increase the production rate of 2.4 million barrels per day to 4.4 million barrels in 2010, and then up to six million barrels in 2012, through a range of steps to improve the investment climate and attractive and the development of the private sector, in order to complete the process of integration with the economies of Iraq the region and the world.
الشرق الاوسطMiddle East

نسخة سهلة الطبعEasy copy printing

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

Originally Posted by wciappetta

Here you go. I felt the second formula fit Iraq as it included tradables in the formula for establishing the exchange rate of an emerging market; so oil would play a huge part in the formula. I read somwhere that when you economy is teid to oil exports so should your currency also be tied to it as well. I'm sorry but for some reason the paragraphs keep merging on this article. the second bullet is the key point i believe.Press Release: IMF Strengthening Framework for Exchange Rate Surveillance IMF Strengthening Framework for Exchange Rate SurveillancePress Release No. 06/266November 29, 2006 The International Monetary Fund (IMF) is releasing today the staff report on the revised and extended methodologies for exchange rate assessments by the IMF's Consultative Group on Exchange Rate Issues (CGER)1. The IMF Executive Board recently discussed the report in an informal Board seminar. The report is part of a broader effort to extend and deepen the IMF's framework for assessing exchange rate issues in line with its ongoing work to strengthen Fund surveillance of the global economic and financial system.The methodologies for assessing exchange rates have been applied beyond advanced countries to cover about 20 emerging market countries using a variety of approaches.2 The three complementary methodologies presented in the staff report provide a multilateral approach to help gauge the consistency of current account balances and real effective exchange rates with their underlying fundamentals. Combined with additional country-specific information, the methodologies help IMF staff reach informed judgments about medium-term real exchange rates and current account balances, weighing the relative importance of a number of economic factors affecting these key variables. The three methodologies are as follows:• The macroeconomic balance approach-a pillar of current account and exchange rate assessments for a number of years-calculates the difference between the current account balance projected over the medium term at prevailing exchange rates and an estimated equilibrium current account balance.• The reduced-form equilibrium real exchange rate approach estimates directly an equilibrium real exchange rate for each country as a function of medium-term fundamentals such as the net foreign asset position of the country, productivity growth in the tradables and nontradables sectors, and the terms of trade.• The external sustainability approach calculates the difference between the actual current account balance and the balance that would stabilize the net foreign asset position of the country at some benchmark level.Exchange Rate Assessments in Country SurveillanceThe IMF is also continuing to strengthen surveillance of exchange rate issues in bilateral consultations with member countries. A recent review concluded that for 30 large economies accounting for more than 90 percent of world GDP, significant progress has been made in the way the IMF is covering exchange rate issues. As summarized in a Public Information Notice, the review concluded that almost all recent Article IV reports in the sample provide: an accurate description of the de facto exchange rate regime; an assessment of its adequacy, given the specific feature of the relevant economy; an analysis of the consistency between exchange rate and other policies and external stability; and an assessment of exchange rate misalignments. Views on misalignments were often expressed in qualitative terms, but in many cases quantitative estimates-typically in the form of ranges-were also included. However, there is room for further improvement: in a number of cases, staff reports could have provided a richer analytical discussion of the factors considered by staff to reach conclusions about exchange rate misalignments. In this respect, the work of the Consultative Group will provide stronger analytical bases for the exchange rate analysis in the context of Article IV surveillance. Most Article IV papers covered by this review were also published.Exchange Arrangement ReportsFurther, the IMF is continually strengthening the process of reviewing developments and issues related to exchange arrangements, restrictions, and markets and issuing periodic reviews on the trends and developments. This includes the Annual Report on Exchange Rate Arrangements and Restrictions, which provides a description of the foreign exchange arrangements, exchange and trade restrictions, and relevant prudential measures of individual IMF member countries. The recently released 2006 Annual Report incorporates changes in structure and content aimed at providing a more accurate and updated description of the regulatory framework for current and capital account transactions.Review of Keystone Surveillance DecisionTo ensure that the foundations of IMF surveillance are clear and relevant to today's international monetary system, the IMF is reviewing the 1977 Decision on Surveillance over Exchange Rate Policies, which was drafted in the wake of the collapse of the Bretton Woods system of fixed exchange rate parities.--------------------------------------------------------------------------------1 The CGER has provided exchange rate assessments for a number of advanced economies since the mid-1990s.2 Original CGER countries in the extended sample: Australia, Canada, Japan, Sweden, Switzerland, United Kingdom, United States, euro area.--------------------------------------------------------------------------------Emerging market countries: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Hungary, India, Indonesia, Israel, Korea, Malaysia, Mexico, Pakistan, Poland, Russia, South Africa, Thailand, and Turkey.IMF EXTERNAL RELATIONS DEPARTMENTPublic Affairs Media Relations Phone: 202-623-7300 Phone: 202-623-7100 Fax: 202-623-6278 Fax: 202-623-6772

I have had a very long 4 days and I am very tired and can not sort this out and would love to under stand this before i go to bed... Is there anyone out there that could help me ??

Thanks

Of the Revenue Sharing Plan.

Originally Posted by Jola

You are right, the revenue sharing law is holding.

I may be wrong, but to me, FIL kicking in is more important for a possible RV than the HCL. The HCL can only take the RV further - in terms of appreciation of the currency. I am sure that there are other opinions on this.

If you look at the statement of the G7 , at the bottom, the ICI on May 3rd gets an important place ...and in the context ...all that talk about supervising the exchange rates...makes you go "hmmm..."
That's why I posted the G7 press release.

Originally Posted by wciappetta

Thanks JOLA It looks like we should be watching for info on this "Revenue sharing law". We knew the oil law had a series of laws attached to it in one form or another. It sounds as though this is key.

Originally Posted by wciappetta

Well you may be right. Interesting discussion on surveillance over exchange rates. I once read a piece by the IMF on this subject. They gave three formulas and the second one I felt fit Iraq. i'll find it.But back to FIL, yes if they open the ISX to the world logic dictates an RV before that moment even if its seconds before....... i'll try to find the imf article on exchange rate surveillance.

Originally Posted by H2O_Lover

I have had a very long 4 days and I am very tired and can not sort this out and would love to under stand this before i go to bed... Is there anyone out there that could help me ??

Thanks

Then the post in your quote.

Originally Posted by neno

Of the Revenue Sharing Plan.









Then the post in your quote.

thank you ...... i think

best for me to head to bed .... I am stupid tired and hardly know my name

again thanks

C

Sadr-Withdrawal
Sadrists decide to quit Maliki's government
Dora Christians Given Choice to Convert or Die; Iraqi Embassy Scandal in Sofia
By ZEYAD KASIM Posted 0 hr. 11 min. ago
The Sadrist bloc announced that it would pull out of PM Nuri Al-Maliki’s government Monday in order to press its demands for setting a timetable for U.S. withdrawal from Iraq, according to Al-Melaf. The Sadrist Movement, led by Shi’ite cleric Muqtada Al-Sadr, holds six seats in PM Maliki’s government, including the ministries of Health, Tourism, Agriculture, and Transportation, and 30 seats in parliament (about a quarter of the total seats occupied by the majority United Iraqi Alliance bloc).
http://www.iraqslogger.com/index.php...iki_Government

We need to really mobilize some major prayer support. Sadar wouldn not do this if he did not have the full support of Iran and the revolutionary Guards...Iran is making it's move to stop the compacet and economy recovery/

We need to hit our knees and PRAY!!!

USAID inaugurates conference for Iraq's banking sector
16 April 2007 (Iraq Development Program)

Official at the U.S. Agency for International Development announced that the organization has set a two-day conference in Jordan to discuss the future of the banking sector in Iraq.
The conference highlighted the challenges and issues facing and curbing the Iraqi banks from functioning or developing appropriately, and the ways to move forward the Iraqi bank sector to step into the world's latest technologies adopted in the sector thus form more solid base for Iraq's economy, the official said.
To boost the Iraqi banks' functions and improvement, the official added that the USAID has allied with the Iraqi Company for Bank Guarantees, which is already achieving its objectives of providing cash-flow based loan guarantees to small and medium enterprises in Iraq.

USAID inaugurates conference for Iraq's banking sector | Iraq Updates

Iraq hopes to up oil output by a third
16 April 2007 (Arabian Business)

Iraq hopes to raise oil production by nearly 1 million barrels per day (bpd) this year, achieving its long-held target of 3 million bpd by restoring northern exports, its oil minister said on Thursday.
Iraq has struggled to overcome the sabotage and outdated infrastructure that has hobbled its production since the U.S.-led invasion of 2003, largely due to unrelenting attacks on a key pipeline that runs north through Turkey.
It has regularly fallen short of production and export targets aimed at restoring pre-war levels.
"Iraq wishes to exceed producing 3 million barrels a day in 2007 - this is achievable by repairing the northern pipeline that connects to the Mediterranean," Hussain al-Shahristani told Reuters after a meeting with South Korean energy officials.
Iraq produced 1.97 million bpd in March, up from 1.89 million bpd in February, a Reuters survey shows, but Shahristani said last December that 2006 production averaged 2.3 million bpd.
Despite the weak production figures, exports climbed last month to 1.62 million bpd, the highest since last September, on increased shipments from the southern Basra oil terminal, shipping sources said.
Shahristani said the country was targeting oil production of more than 4 million bpd in 2011.
Shahristani was in Seoul to sign a cooperation deal with South Korea's energy minister Kim Young-joo on broadening opportunities for South Koreans to secure oilfields in Iraq, anxious to inject new investment into the ailing industry.
In 1997, state-owned Korea National Oil Corp. (KNOC) and Iraq's oil ministry under Saddam Hussein signed a preliminary deal to develop the Halfaya oilfield, estimated to hold up to 3.8 billion barrels of reserves and produce 250,000 bpd.
The South Korean energy ministry said the deal was never followed through due to United Nations financial sanctions against Iraq. But Iraq will "positively consider" involving South Korea in the field once oil legislation is in place, according a memorandum of understanding signed by the two sides on Thursday.
Iraq issued invitations for 15 Arab, Asian and American firms to drill 100 oil wells in the country's south as part of efforts to boost production, the oil ministry said earlier this month.
The OPEC member has the world's third-largest proven oil reserves and needs billions of dollars to revive its oil sector, which is crucial for rebuilding its shattered economy.
In February Iraq's cabinet endorsed a draft oil law regulating how wealth from the country's vast oil reserves will be shared by its ethnic and sectarian groups.
The oil law, which is awaiting parliament's ratification, has given the regions the right to negotiate with international firms on developing oilfields.
"It is achievable to pass the law within two months since all political parties are in favour," Shahristani said.
The law will also restructure the Iraq National Oil Company (INOC) as an independent holding firm and establish a Federal Council as a forum for national oil policy.
The world's top oil companies have been manoeuvring for years to win a stake in Iraq's prized oilfields such as Bin Umar, Majnoon, Nassiriyah, West Qurna and Ratawi, all located in the south of the country.

Iraq hopes to up oil output by a third | Iraq Updates