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

Iraqi national-Luna / Baghdad office / Iraq seeks to become a member of the Trade and International Cooperation and certifies environmental treaties and join the international organizations for the rehabilitation of the Iraqi economy and the welfare of its people.

وقال.A source in the Ministry of Finance today, Thursday, that to achieve that Iraq must determine the desired goals of integration within the regional and international economic policy, including the policies of taxation and customs rules and trade and financial services, public contracts and quality standards, intellectual property and investment with capacity-building within the ministries regarding the negotiations and international treaties The procedures for implementation.
.He pointed out that the International Covenant will seek to resolve these and other topics of the outstanding issues with respect to international economic partners
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Baghdad called Saber Eissawi companies and contractors Arabs and foreigners to enter and participate in the campaign strongly ages large to be delivered in Baghdad and in the coming period, and take advantage of investment opportunities available.

ن.This announcement was made during a speech at the prospects for reconstruction of Iraq on the sidelines of the fair, the fourth Iraq reconstruction being held in the Jordanian capital Amman.

(2030)".A statement by the Secretariat of the Council of Ministers received and the agency (eye) media copy, "Issawi said during his speech Baghdad Secretariat plans to develop the basic design of the city of Baghdad commensurate with the demographic changes of the city and the size of projects to be implemented during the coming period in the areas of building large hotel complexes and commercial-sized modern and parks giant according to the vision Baghdad until the year (2030). "

.It is noteworthy that the Iraqi delegation participating in the conference included Secretary of Baghdad in addition to the Minister of Construction and Housing, Minister of Transport and Shirwan Alowaeli Agency, and a number of members of the House of Representatives and governors.

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The Ministry of Finance advance the Iraqi economy and mobilize international efforts

(

الرحيمThe name of God the Merciful
الماليةThe Ministry of Finance
لأعلاميMedia Bureau



م


(( Ministry of Finance advance the Iraqi economy and to mobilize international efforts to attend a meeting of the International Covenant))

0The Ministry of Finance has worked to advance economic policy in Iraq and in the qualitative development of the Ministry of Finance and the monetary policy of Iraq in 2007 has seen a quantum leap in Iraq since the budget was completed and the Ministry of Finance and intensive efforts in the 2007 budget, and on time, having launched at the beginning of the year, which gave significant support to the ministries and governorates to start implementing projects in advance relying on scientific expertise and also to deliberate the budget in 2007, amounting to 41 billion dollars, the biggest budget of Iraq and has adopted the text of the article (14) stipulates that the ministries that have not been implemented 25% of its budget until July 2007 allocations will be transferred to other ministries capable of implementation 0
وقد سسThe Ministry of Finance held a conference chaired by Mr. Jabr Al-Zubaidi, the Minister of Finance on the 7th of this month, followed by the completion ratios ministries in the use of the allocations approved in the federal budget for investment projects of ministries and other authorities not related to the Ministry have confirmed the Minister of Finance in which the need to make maximum use of the ministries the amount of 10% was released by the federal budget for 2007 for the implementation of investment projects Chambers has worked budget and accounting mechanism to facilitate the disbursement of the funds to enable ministries and governorates benefit of the amounts for the completion of their investment for the advancement of our service to the citizens and upgrading living 000 today, the Ministry of Finance is a big role Efforts in order to intensify the international presence in the meeting of the International Covenant which it is hoped held next month in Sharm el-Sheikh, and the International Covenant with Iraq is an initiative by the government of Iraq to establish a new partnership with the international community a framework for action to achieve the national vision for Iraq to achieve the aspirations of the Iraqi people entrenchment of the foundations the establishment of the State of a federal, democratic and united where security and stability and all its citizens enjoy equal rights and duties with laying the foundations
0The economy prosper and a diversified production base capable of providing the requirements of sustainable development according to market factors and is open to the world and integrated with him and the other economies in the region, in particular those of neighboring countries 0

وقد معA Mr. Jabr Al-Zubaidi, the Minister of Finance of the many meetings during his visit to Washington, headed an Iraqi delegation to discuss intensification of international efforts for the presence of the International Covenant Among those meetings for his meeting with the deputy adviser to the Secretary-General of the United Nations for the International and representatives of the International Fund and the World Bank, Mr. Boutros-Ghali and Minister of Finance Egypt, as well as a meeting with the Minister of Finance of Slovenia, as well as attending the meeting of the Committee (24) and his meeting with Mr. punched and American Secretary of the Treasury and the head of the workshop, which formed with the
0The American side was headed by Mr. punched and representatives from the State Department and the National Security Council and the Ministry of Defense, discussed Mr. Finance Minister during his meetings, how to intensify international efforts to attend meetings of the International Covenant in order to help Iraq to extinguish debts and revive its economy stressing that the majority of Iraqi debt and the benefits resulting from acts of the previous regime that shattered the country's resources and overloaded Division debt and therefore, the Iraqi citizen looks forward to helping all of the brotherly and friendly countries to extinguish those debts, saying in his meetings with the Governors of the World Bank held in Washington, the role of the Ministry of Finance in the implementation of the budget in 2007 and follow-up of ministries and governorates Ativez their investment stressing that the current year will be much better than the previous year's rate of implementation of the budget 0-1

((مصر تعد بشطب ديون العراق بنسبة 100%))((Egypt is a debt write-off for Iraq by 100%))

الموضوعIn order to achieve regional economic integration and international Iraq must overcome the main obstacles to joining the global economy and those obstacles debts and obligations of a large international Iraqi government seeks to extinguish all debts of 100% has urged Mr. Baker Jabr Zubaidi, the Minister of Finance, during his meeting with Mr. Boutros-Ghali, Minister of Finance of Egypt the write-off of Iraq's debts increased by 100% as the host of the meeting of the International Covenant between the Egyptian minister had already introduced the topic
اق0President Hosni Mubarak promised that the debt would be written off by 100%, emphasizing the support of the Arab Republic of Egypt to the government of Iraq, Mr. Minister of Finance that there are good signs of the Kingdom of Saudi Arabia to discuss Iraq's debts to fire up to 100% and that the Iraqi citizen looks to extinguish those debts special States neighboring sister pointed that "there contacts and consultations with the State of Kuwait and Turkey to reduce debt by 100% also discussed Mr. Baker Jabr Al-Zubaydi with the Minister of Finance to write off the debt of Slovenia Slovenia on Iraq by 100% and urged him to attend the State of the importance of the meetings of the International Slovenia, the Slovenian minister promised that his government will take all what is possible to support Iraq 0
0Therefore, the International will seek to resolve these issues and other outstanding issues with respect to international economic partners as Iraq seeks to become a member of the Trade and International Cooperation and certifies environmental treaties and join the international organizations for the rehabilitation of the Iraqi economy and the welfare of its people and to achieve that it must determine the desired goals of the regional integration and within the international economic policy, including the policies of taxation and customs rules and trade and financial services, public contracts and quality standards, intellectual property and investment with capacity-building within the ministries regarding the negotiations and international treaties and the procedures for its implementation 0

((Financial achieved a loan of 500 million dollars to finance a project Alharthe))

0Completed by the Ministry of Finance and intensive efforts by Mr. Baker al-Zubaidi Jabr during his visit to Washington, held fund a project Alharthe electricity in Basra of the amount allocated from the loan (AID), and of (500) million dollars very easy terms with the World Bank, signed for the World Bank Ms. Daniela Krstani Deputy Director General the World Bank and the value of the loan for the draft Alharthe (126) million dollars and has already signed the efforts of the Iraqi government and distinct from the Finance Ministry and the Iranian Japanese loans to support the construction of hospitals, roads and clothing improve electric power and other service projects, which will contribute to the advancement of our citizens and service infrastructure as well as follow-up ministry each of Iraq, the keenness of Mr. Jabr Al-Zubaidi on the restoration of Iraqi funds and prove the rights of the state where both the Iraqi funds frozen abroad resolutions of the Security Council or the money and property items smuggled Saddam and his ilk out of the country 0




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

Ministers and MPs Iraqis discuss it in a symposium in Dubai ... رغمThe Iraqi government maintains the bill despite oil

مصفاة النجف (أ ب)Refinery Najaf (in August)
.The Iraqi government yesterday revealed details of a draft bill for the Iraqi oil and gas, said it promotes national unity and puts the values of justice and equality among the Iraqi people through the equitable distribution of oil and gas revenues, which will be distributed, according to the draft approved by the Council of Ministers and will be presented to the House during the next few weeks, all people in accordance with the population density of each region and not only on the producing provinces. .He said ministers and parliamentarians and prominent officials in the federal government and provincial governments, met in Dubai yesterday to discuss the draft law, the draft recognizes for the first time in the history of Iraq, a fund for future generations behalf <fund future>, and another fund of oil resources in general, and makes the control of the Iraqi national full resources of Iraq's oil and gas, and full ownership him, The maximum returns on investment dividends, of the law firm foundations deadliest in the history of Iraq, and perhaps the entire world, according to key officials.

.The draft law, a copy of which was obtained <life> a copy of it, to give the regions the right to negotiate and conclude contracts for oil and gas but he makes the final decision on the right of ratification by the central government in order to maintain the unity of Iraq, it also stipulates that Iraq's oil resources remain in the hands of the National Company for oil and gas, which is one of the the points of contention that the debate still rages around the adherence to certain parties, especially in the Kurdistan region of Iraq that opened the way for foreign investment and the private sector in general. كما.The draft law also provides for the formation of <National Council for Oil and Gas>, and the establishment of a fund of oil resources than the future, so that resources are administered in favor of the Iraqi people and all publish periodic reports on the data of this fund to keep people out.

.Participated in a symposium organized by the Dubai yesterday in the House of Iraqi cooperation with the Iraqi employer in the Principality in the presence of a number of senior Iraqi officials, including First Deputy Chairman of the House of Representatives Sheikh Khaled al-Attiyah, the Iraqi Oil Minister, Dr. Hussein Shahrastani, the Minister of Planning and International Cooperation and Minister for Papan oil Kurdistan Iraq Asti Horani, a number of Iraqi oil experts who contributed to the drafting of the law, including Dr. Mahdi Al-Hafiz, Tariq Shafiq Farouk denominator and Thamir July 2001], was also attended by Governor of the Central Bank, and a representative from each of the different regions of Iraq, and each province produced more than 100 thousand barrels per day of the provincial - regular in a particular territory, and other deputies and officials in the meeting of parliamentary government, a high level.

.Officials said the Iraqis in interviews with <life <that the draft law of oil and gas will be transmitted to the House of Representatives for approval in the framework of the official channels of democracy with a package of relevant laws, including a draft bill of financial resources, and the oil and gas company Iraqi national, and the law of the Iraqi Oil Ministry, which is currently approved in a few weeks after that the future already been adopted by the Council of Ministers general agreement from the various political blocs to form a government of national unity in Iraq. أيضاً.The draft law supplements reveal that the four oil producing fields in Iraq now number 27 up to the ad hoc National Oil Company, in addition to 25 gas fields close to the production is also devoted to the national companies, while the number of discovered fields and unused 26 will be up for competition among oil companies qualified in accordance with world standards, either plots expedition reached the 65 board will be presented for competition between oil companies also eligible.

وأكدة.The Iraqi Oil Minister Hussein Shahrastani is that the law be passed <national hundred%>, rejecting hints to the timing of its issuance under occupation, stressing that <draft law drawn up by experts and Iraqi patriots in the national Iraqi government that was not elected to any foreign party is the role of the>, and at the same time stressing that the absence of legislative environment stable blocks exploitation of Iraq's oil resources, which constitute some 95% of the total budget resources of Iraq. .He said that the National Council for oil and gas will be responsible for the development of policies and plans of federal oil exploration and development fields and the responsibility of the audit and to decide on the contracts for exploration and production, and to establish and modify models of the contracts for exploration and production licenses are granted for operations in the oil sector.

.The Board functions that using so-called <Office of independent advisers>, while the Ministry of Oil will be the author of the power to propose policy, laws and plans oil Yugoslavia, and the preparation of guidelines, regulations and instructions for the implementation of the plans of oil Yugoslavia.

أما .The Minister of Planning and International Cooperation on Papan said on the national dimension in the draft law and the fact Iraqi hundred%, but he also hinted that what he called <hunger the world's oil> expected in the next five years, making it the law of the Iraqi oil and gas is of the dimensions of international strategy beyond the borders of Iraq, terming the proposed law that the most important and most dangerous after the constitution in Iraq, pointing out that about 95% of the budget resources are oil resources, stressing at the same time reflects the great imbalance in diversifying sources of income, but it indicates the seriousness of the situation which will continue for years to come until the reformed gradually.

وعلى.In spite of assurances to the Iraqi national consensus on basic items of the draft law, the Minister of Petroleum of the Kurdistan Asti Horani failure of the national company to control all Iraq's oil resources, pointing out that the outside of the capabilities of one company, whatever its size, and called for opening the field of investment to the private sector. .He also expressed his multiple views supervision on the oil resources suggesting that the Deputy Prime Minister of the National Council for oil makes from the Ministry of Oil and Gas mere routine administrative point play no role.

.The Chairman of the oil and gas in the Iraqi National Council Ali Hassan Bello, regretted that the draft law did not reach the National Council after he was unable to be retrieved and this simply make general observations do not fall within the project and do the considered views. .He pointed out that there had been previous drafts laws after it was canceled and no one knows what the final draft. .With the team focused on the first draft of the law was consistent with the articles of the Constitution, particularly those related attainable among the people, he said other team representatives of the Kurdistan as to Atnsjm with the Constitution and that he either be redrafted to make them consistent with the Constitution or to be the drafting of the constitution in line with the same.

.The first deputy chairman of the House of Representatives Sheikh Khaled al-Attiyah, the differences in viewpoints is natural in light of the democratic process and that the meeting was held in Dubai away from the media frenzy and verbal to give adequate opportunity for all to express their objections and observations in the full freedom before referring the project for approval finalized.
Translated version of http://www.sotaliraq.com/

Iraq may hold twice as much oil -- study LONDON, April 19 (KUNA) -- Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003, it was revealed here Thursday.
The potential presence of a further 100 billion barrels in the western desert highlights the opportunity for Iraq to be one of the worlds biggest oil suppliers, and its attractions for international oil companies, if the conflict in the country can be resolved, the Financial Times newspaper said.
If confirmed, it would raise Iraq from the world's third largest source of oil reserves with 116 billion barrels to second place, behind Saudi Arabia and overtaking Iran. The study from the consultancy firm "IHS" also estimates that Iraq's production could be increased from its current rate of less than two million barrels a day to four million barrels a day within five years, if international investment begins to flow.
That would put Iraq in the top five oil-producing countries in the world, at current rates, the main business daily in Europe added.
The IHS study is based on data collected in Iraq both before and after the invasion, showing the oilfields' reserves and production history.
Its estimate is based on analysis of geological surveys.
Production costs in Iraq are low, particularly compared to the more complex offshore developments.
IHS estimates that they are less than two dollars a barrel. But the development of the industry depends on an improvement in the security environment, which remains very difficult.
Ron Mobed of IHS said, "Obviously the security situation is very bad, but when you look at the sub-surface opportunity, there isnt anywhere else like this. Geologically, it's right up there, a gold star opportunity." Of Iraq's 78 oilfields identified as commercial by the government, only 27 are currently producing.
A further 25 are not yet developed but close to production, and 26 are not yet developed and far from production.
Iraq's government has estimated that it would need 20-25 billion dollars of investment from foreign companies to get production up to its full potential.

http://www.kuna.net.kw/NewsAgenciesP...72&Language=en

Originally Posted by One Oar

http://www.kuna.net.kw/NewsAgenciesP...72&Language=en

CNBC worldwide exchange interviewed an oil executive this morning so the word is getting out. Iraq is going to be the modern day GOLD RUSH.

Originally Posted by Adster

The Minister of Finance will meet the Under-Secretary of the Treasury America
The Republic of Iraq

مجلس الوزراء- المركز الوطني للاعلام

Council of Ministers-the National Center for Media

العلاقات الإعلامية

Media Relations

بيان صحفي / Press Release

A press statement / Press Release

الأربعاء 18-4-2007

Wednesday 4-18-2007

وزير المالية يلتقي وكيل وزير الخزانة الأمريكية

The Minister of Finance will meet the Under-Secretary of the Treasury America

إلتقى وزير المالية السيد باقر جبر الزبيدي وكيل وزارة الخزانة الأمريكية خلال زيارته إلى واشنط ن

He met with the Minister of Finance, Mr. Baqir Jabr Al-Zubaydi, Undersecretary of the Treasury Department during his visit to America, DC n

وأكد الزبيدي خلال اللقاء على تكثيف الجهود الدولية من أجل ضمان حضور أغلبية الدول المشاركة في إجتماع العهد الدولي واجتماع دول الجوار وذلك لمساعدة العراق على إطفاء ديونه والنهوض بأقتصاده الذي يمتلك كل مقومات الأقتصاد المتين مشيرا إلى أن أغلبية الديون العراقية وفوائدها ناتجة من جراء تصرفات النظام البائد التي بددت ثروات البلاد واثقلت شعبه بالديون وبالتالي فأن المواطن العراقي يتطلع إلى مساعدة كل الدول الشقيقة والصديقة لأطفاء تلك الديون التي لادخل له فيها0

Zubaidi stressed during the meeting to intensify international efforts to ensure the presence of a majority of the countries participating in the meeting of the International Meeting and the neighboring countries to assist Iraq to extinguish debts and revive its economy, which possesses all the elements of a sound economy, pointing out The majority of the Iraqi debt and the benefits resulting from acts of the former regime, which shattered the country's resources and overloaded Division debt and therefore, the Iraqi citizen looks forward to helping all sister and friendly states to extinguish those debts, which introduced him to be 0

وأعرب من جانبه السيد كمت عن تعاونه من أجل حشد الجهود الدولية لحضور إجتماع العهد الدولي الذي من المؤمل عقده في شرم الشيخ0

He punched Mr. part of the cooperation for the mobilization of international efforts to attend a meeting of the International Covenant which it is hoped held in Sharm el-Sheikh 0

وThe Baqir Jabr chaired by Mr. Zubaidi the Iraqi delegation, which includes Mr. Sinan Shabibi governor of the Central Bank of Iraq and a number of spe******ts in the workshop which was convened to discuss issues related to the International Decade of the Iraqi debt and economic reforms and implementation of the budget, with head and punched Mr. Undersecretary of the Ministry of American treasury American side, which included representatives the American State Department and the National Security Council and the Ministry of Defense 0

Knew this one. here we go...

BTW, some words are other than Profanity are sensered becusae of pass spamming. The sofeware is programed to pick it up. Thats all.

Originally Posted by wciappetta

CNBC worldwide exchange interviewed an oil executive this morning so the word is getting out. Iraq is going to be the modern day GOLD RUSH.

But got to go Gang. Keep the News Coming. Will start a New "Think Tank" Tongiht.

There was a lot of talk about what "Par Value" might be defined as concerning the worth of the dinar in US dollars. I've posted this before from the CBI site. Let it serve as a refresher as to what the Iraqi's might consider "Par Value" to be. The document sites 2002. but the CBI site didn't exist till 2004 so it is the official CBI giving credibility to this document. I think all of you should save this document to your computers for future reference. On the original pdf document the info can be found in the lower left hand corner of each page.

http://cbiraq.org/binder12.pdf


Source: Ministry Of Planning\ The Central Statistical . المصدر: وزارة التخطيط/ الجهاز المرآزي للاحصاء
NOTE: : ملاحظة
2:Value Of Imports AS (C.I.F)
3:Excluding Crude Oil And Sulphur Exports
4:Parity Value Of Iraqi Dinar By Dollar (3.2169)
2- The Data of Dec. Month Estimated by Iraqi Central Bank. . ٢- خمنت بيانات شهر آانون ( ١)من قبل البنك المرآزي العراقي
Organization
*:1- Values of Year (2002) Preliminary in tables(1-13) .(١٣- ١- قيم سنة ( ٢٠٠٢ ) اولية في الجداول ( ١ : *
1: Exports And Imports Valued As Offictial Rates
years
2000
2002*
1994
1995
1996
1997
1998
1999
1990
1991
1992
1993
83057
70413
12664
15508
35013
69383
103728
36670
247368
432273
721396
121861
35056
15049
14214
-638339
-1764843
1502647
186358
206193
415033
276499
282884
231592
184809
-196579
-148139
-177985
-328545
-191144
-400819
-263835
-267376
TABLE NO. ( جدول رقم ( 1
اقيام الصادرات والاستيرادات لتجارة العراق الخارجية
الصادرات
exports
الاستيرادات
imports
الميزان التجاري
-1380786
-151302
السنوات
(1990-2002)
( Thousand Dinars ) ( (بالاف الدنانير
Total Value Of Exports,Imports Of Iraqi Foreign Trade
2001 93937 1364991 -1271054
1835256
( ٤: سعر تعادل الدينار العراقي مقابل الدولار( ٣٫٢١٦٩
١: قيمت الصادرات والاستيرادات باسعار الرسمية
٣: لا تتضمن الصادرات النفط الخام والكبريت
٢: قيمت الاستيرادات على اساس سيف

Posted by: nakr2004 on Thursday, April 19, 2007 - 01:24 PM
Baghdad-Press
Cabinet reshuffle, administrative corruption capture Iraqi newspapers headlines
By Hamid al-Hamrani
Baghdad, Apr 19, (VOI) - The repercussions of the withdrawal of the Sadrist bloc from the government and the choice of substitutes for Sadrist ministers were the focus of Iraqi newspapers published on Thursday.
The semi-official newspaper al-Sabah quoted a leader in the Shiite Supreme Council for Islamic Revolution in Iraq (SCIRI) as asserting that substitutes for the Sadrist ministers will be nominated from the United Iraqi Coalition (UIC) and from those who had close links to the bloc. The newspaper also quoted MP Hassan al-Saneed as denying that Defense Minister Abdul Qadir al-Ubaydi will be included in the scheduled cabinet reshuffle.
Commenting on administrative corruption that al-Sabah said is rampant in the country, the newspaper quoted Judge Radhi Hamza al-Radhi, the head of the Integrity Authority, as saying that there have been cases of administrative corruption brought against three current ministers. According to al-Radhi, nearly 400 lawsuits filed last year will be decided this year and about 180 rulings have been made on corruption cases.
Concerning Iraqi refugees, the newspaper devoted half of its second page to an article that had two headlines reading, 'Zibari: The government seeks to improve the conditions of expatriates. Washington says it received 25,000 Iraqis,' and 'Geneva Conference on Iraqi Refugees concludes with humble decisions.'
"Despite the pledges made by some countries to support Iraqi refugees and immigrants, observers of the situation believe that the International Geneva Conference, which closed yesterday, did not achieve the goals for which 60 countries had assembled," the newspaper wrote.
Under a main headline reading, 'A long list of ministers to al-Maliki. The Sadrist bloc dedicates itself to monitoring the government,' al-Bayyina al-Jadida quoted MP Naser al-Saedi as saying, "We are facing a difficult task, which is monitoring the institutional performance of al-Maliki's government. Our task will contribute significantly to the political process and increase the chances of having a successful national unity government."
In an editorial entitled, 'Conditional participation,' Muhammed Abdul Jabbar al-Shabout wrote, "Some Iraqi political factions are conditionally participating in the government… The Sadrist bloc announced through MP Saleh al-Akili that its participation in the government was subject to two conditions. First: setting a timetable for the withdrawal of occupying forces from Iraq. Second: improving the services offered to the Iraqi people. Neither condition has been met."
Tareeq al-Shaab, the mouthpiece of the Iraqi Communist Party, which joined the Iraqi National List, set up by former Prime Minister Iyad Allawi, published a main headline on its front page reading, 'Ministers-to-be are independents and experts. Al-Maliki: Withdrawal of Sadrist ministers will not weaken the government.'
Discussing the problem of Iraqi refugees and the Geneva conference, the newspaper quoted the United Nations High Commissioner for Refugees, Antonio Guterres, as saying, "The international community has focused on disturbances in Iraq, overlooking the humanitarian aspect of the refugees' issue."
Al-Ittihad newspaper, issued by the Patriotic Union of Kurdistan (PUK), published the following headlines: 'EU prefers financially assisting Iraqi refugees to taking them' and 'Robert Gates warns the Middle East: A gloomy scenario is a consequence of the collapse of Iraq.'