Thread: Iraq/Dinar News until 5PM CST May 10,2007

Iraq : praised the role of Parliament in addressing the situation, asking him to retain the first draft of the S44

Retirees : proposed amendments will lead to a reduction of salaries instead of raising them

Baghdad-Sabah.
He retired the House on what they see damaging amendments which Parliament was held in the pension law under debate, pointing out that these amendments would not landing the salaries of retirees to rise by.

They said : that the intentions of the House are improving their lives and provide decent living for them and asking that accurate reading of the percentages and figures are calculated salary thereunder.

The final statement issued by the expanded symposium held by the Humane Society of Retired Persons, which discussed a draft bill first amendment of the retirement consolidated No. 27 of 2006 that some items of the law was to submit to the Chamber of Deputies according to accounts carrying digital damage the interests of retirees.

The outcome of the symposium discussions and interventions and focus on the emphasis on the need to maintain the text of the article with their seventh five as it is, without amendment, as of the date of entry into force in 2006 / 1 / 17 which provides for the calculation of pension on the basis of 55% of salary last job for retired staff if the actual service of 15 years, and increasingly retirement salary for each year over 15 years of service pensions by the recent 1.75% of the salary career question, and demanding the abolition of retirees paragraphs first, second amended Article 7 of Article 5 as the recent amendments gave 2.5% for the full years of service to the following situations : from the age of 60 years and has 25 years of service is 55 years old and has 30 years of service and director for health reasons and the deceased, and thus has become 15 years under recent amendments receive 30% of his last salary while in the Act grants the owner of these service ratio of 55%. He suggested that retirees count salary the employee pension on the basis of 60% of salary for those who completed the job 15 years service pensions and add a 2% for each year over the aforementioned term of service.

They also demanded the abolition of Article 11 of the Superannuation Act that prevent common combination of pension and salary contract with the salaries of State, many institutions need the expertise of retired and potential cumulative performance.

Also found importance of the addition of paragraph IV to article 16 as amended by article 8 of the proposed law to read : A pensioner who has no designated successor who first item of Article 13 (the husband and son and daughter and mother and father), should be appointed to succeed him his life who religiously maintained by judicial decision.

He appealed to the closing statement of the symposium also reformulation first paragraph of Article 16 amended under Article 8 of the proposed bill to amend the salary of the prisoners behind retired and make 75% of the pension that found one receivable and 90% said they were two evenly distributed between them and 100% that there were three or more, as the new amendments successor Wahid granted 50% of the salary and has two 75% and had three more 100% and that has damaged the successor to the retired one.

It was found that participants in Alendon law and the draft amendment law did not refer to the rights and privileges granted by the previous legislation for the families of the martyrs, prisoners and missing persons and war-disabled and physically during the service is affected and those placed in retirement for health reasons, and in accordance with their human, and therefore found that the inclusion of those offering them a decent life.

He called for retirees to add strongly (with not relinquishing rights previously acquired) to the reasons for which initiated the law, the fact that the acquired rights can not be compromised, the fear of manipulation of this gain is of interest to a large segment of society and serves the interests of their families and to raise their standard of living.

The retirees had crossed through Ndothem expressed their high appreciation for the position of the House represented d head. Mahmoud Almchidani and all its members, who agreed to include all retirees retirement common law No. 27 of 2006 and filed Ndothem recommendations to the Presidential Office and the Offices of the Vice President and the Prime Minister of the Presidency and the House of Representatives calling on Labor in order to ensure them and their families a minimum of dignified life after a flower you can find youth in the service of Iraq through the institutions where they worked and suffered what they have suffered hardship and destitution in the former regime through GATT conditions mostly to dispense with the major part of the eastern household vital for the provision of necessities of life the necessary.

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

Announcement No.(917)

D.G. of Foreign Exchange Control

The 917 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/5/6 so the results were as follows :

Details Notes
Number of banks 17 -----
Auction price selling dinar / US $ 1267 -----
Auction price buying dinar / US $ 1265 -----
Amount sold at auction price (US $) 90.580.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 90.580.000 -----
Total offers for selling (US $) 1.000.000 -----


1. :Note that :

The sale price for remittances dinars (1266) / $.

The sale price cash dinars (1278) / $.

The cash purchase price (1276) dinars / $.

2.2. The quantity sold, the amount of cash (18.155.000) and $ remittances amount (72.425.000) dollars


D.G. of Investments

Daily price Bulletin buying and selling Sunday 2007/5/6

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1267.000
1265.000

European Euro
EUR
1721.473
1720.612

British Pound
GBP
2525.258
2523.995

Canadian Dollar
CAD
1144.638
1144.066

Swiss Franc
CHF
1045.811
1045.288

Swedish Krona
SEK
187.715
187.621

Norwegian Kroner
NOK
212.246
212.139

Danish Krone
DKK
231.086
230.971

Japanese Yen
JPY
10.544
10.539


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

.

Political first : Results of reconciliation within two months and the recommendations of the Sharm el-Sheikh interact on the ground

Interior pave the way for a general amnesty invitation gunmen in Anbar to lay down arms

Baghdad morning

References began following the Sharm el-Sheikh provide feedback on the successful results came out. After less than one day called on the Interior Ministry gunmen in the province of Anbar, to lay down their arms for a fair trial of stained hands and amnesty for those who are not involved.
This call comes amid leaks from the general amnesty issued by the government soon. With said Saudi Foreign Minister Prince Saud al-Faisal : The results of the reconciliation which was founded in Sharm el-Sheikh will appear to eyewitnesses within two months had information that a group of armed factions supported the concluding statement of the conference and welcomed the call for reconciliation. This puts the data results Sharm el-Sheikh in the square endeavor by the government of Maliki to find solutions to the Iraqi crisis, and reinforced by what Observers : This success confirms the ability of the prime minister to contain the problem and provide treatment to them. all eyes turned to the merits that will be held by the government of national unity and reconciliation to activate and develop mechanisms that will polarize factions decisions by the Sharm el-Sheikh to think realistically and join up with al-Maliki of Iraq. The conference successfully moved sense to expect that Mr. al-Maliki initiative to issue a general pardon for the gunmen who had not wanted Tttakh their hands the blood of Iraqis, and the issuance of necessary legislation to expedite reconciliation. It is reasonable to expect that this area parallel to the seriousness of the call by the Interior Ministry gunmen in the province of Anbar, to lay down their arms to ensure a fair trial for those involved in blood and amnesty for not implicated.
Brigadier Abdul Karim Khalaf Director of the Center for national leadership in the internal terrorism in Anbar had collapsed, and maintain a high security verification was the defeat of the capital base, pointing at a press conference with the American Gulf reconstruction Alanbarali said that this resolution be issued for the first time in four years. The signals seem Brigadier Khalaf was based on Tasesat perhaps highlights the new decisions in line with the positive developments achieved by the government on the ground. Although the period separating the end of the amnesty are no more than twenty-four hours but at the Sharm el-Sheikh many outlets, which expresses the consequences. The theme of reconciliation talks have attracted many delegations and make recommendations and the final statement describing Prime Minister Nuri al-Maliki as Lifeboat of all Iraqis, but observers disagree on the meaning of reconciliation and correction estimate full dimensions, and say : it means eventually expand the scope of political participation and bridging the gaps and sectarianism meet to draft the homeland stressing that these results require extensive efforts outlined mutual commitments between Iraq and the international community in Sharm el-Sheikh. References have been saying : that Egyptian Foreign Minister Ahmed Aboul Gheit proposed adoption of the Declaration of truce between the warring parties in Iraq to make room for reconciliation shepherds to move and gain more results recommended by the Conference,
According to sources : that several parties rejected this, fearing that benefit from the rule not covered all procedures amnesty and reconciliation.
Nevertheless, sources reported from areas in western Iraq that the group armed factions welcomed the results of the conference and announced that it blesses the final statement means readiness for reconciliation and perhaps benefit from the amnesty, which was launched by the Interior facilitated additional information on these factions, but said that the number is eight. Once Radio final statement of the neighboring Iraq The citizens expressed confidence that the results would be substantial for Iraq, said politicians and citizens met (morning) and news agencies : they are waiting for serious steps on the road to see the results on the ground.
And according to the observer that these facts should expect further development in the coming days, particularly with regard to reconciliation, and Hassan Al-Sunaid MP was one of the members of the Iraqi delegation at Sharm el-Sheikh said the envoy (morning) Abbas Algalbi : that the House would seek to discuss legislation related commitments entered into by Iraq in Sharm el-Sheikh. It began in the western media, particularly American about the way in which victory is achieved by supporting Iraqi forces and rehabilitating repulsing flow Qaeda elements to Iraq, which is known to reschedule the withdrawal of foreign forces to leave estimates Iraqis themselves and the extent of their forces in a civil acknowledges responsibility. He said politicians : that the scheduling is to rehabilitate the Iraqi army when it will be eligible Iraqi government could survive the non-renewal of foreign troops. Street looks to the need to abide by all citizens and officials unity blood and media discourse, and to cease political statements about the Holocaust and the government should impose the law firm stronger and accelerated as best they could to address the problem of militias and armed groups that they : if it is oil, which will increase the glow of the fire.

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Keywords: budget imbalance World


Rodrigo de Rato
The good times and the global economy today is good times rarely serve Khadat suitable for critical initiatives in dealing with difficult problems. Against this backdrop was welcoming the announcement of the end of this week,

By a group of major economic entities in the world, recognizing their shared responsibility to find solutions to the Organization global imbalance, and the maintenance of strong growth at the same time.
During the past year were China, the euro area, Japan, Saudi Arabia and the United States to discuss these plans with each other and with the International Monetary Fund. Under the title "The talks pluralism", discussions is the first of its kind, proven promising tool in dealing with the issue of global importance.
Actually, these economic entities linked to the five malfunctioned global balance different forms : either because of the deficit or surplus in the current account, or because they represent a very large share of global output. We have agreed on all of these entities to find solutions to this imbalance is in the interest of all of them. But it is also aware that this imbalance is a multifaceted challenge and a shared responsibility for each of them.
During last year's imbalance showed some signs of stability, and even some signs of improvement, which partly reflects the previous policies in those countries. However, these countries must confirm the continuation of these policies in order to ensure the reduction of imbalances in a gradual manner and regularly, in addition to continuing growth. Otherwise, the global economy will remain exposed to the risk of renewed pressure protection or economic events and policy, which might lead to solutions random, as well as undermining growth.
These entities had offered five economic plans in great detail during the semi-annual meeting of the members of the International Monetary Fund, which was welcomed warmly welcome these plans. This is the first time where such plans offer these political group photograph As Gordon Brown, Chairman of the International Monetary and Financial Committee of the Fund, these plans were fully consistent with the medium-term trend supported by the Fund of the firm in relation to finding solutions to the global imbalance :
China raised the issue of reducing the external imbalance to the rank of paramount importance, making them national goal in the year 2007. China intends to strengthen domestic demand, also pledged to move gradually towards greater flexibility with respect to exchange rates.
The countries of the euro zone has reaffirmed its intention to move forward in the implementation of structural reforms on a broad front, in the areas of production, employment and financial markets.
Japan plans to accelerate the reform of the labor market, promote competition, and push the process of fiscal consolidation forward to strengthen local confidence.
It also promotes the Kingdom of Saudi Arabia, are clearly spending on social investments and investments in the infrastructure, as well as expansion of capacities to absorb the oil sector.
The United States is taking steps to balance the budget, promote personal savings, and support energy efficiency. The United States also intends to support competition in the capital markets and to ensure its continuity environments attractive to foreign investment.
However, the imbalance in the global balance not accumulate overnight, and this means that the solutions will not be quick. The aim was not to pluralism talks to find quick solutions to the global imbalance in the balance, but that the goal of which is summarized in the consolidation agreement on the direction of the average term is capable of reducing the imbalance gradually with time.
Policies that fee participants outlined, will be implemented while a step in that direction. Moreover, the deployment of these plans would be tantamount to emphasize the commitment of these States is the value of a road map can help in assessing progress on this track, and thus help build confidence in the good intentions of these countries to work on reducing imbalances in the global balance. It will serve the International Monetary Fund on its part to monitor the implementation of these plans on a regular basis as part of his responsibility in connection with policy analysis, advice and counseling. I explained to them that the future political plans will ensure the commitment to the strategy advocated by the International Monetary Fund.
The five participants and the rest of the Member States, in addition to us in the International Monetary Fund, all agree that this practice was fruitful. Among the indicators of the success that we are thinking now in a second round of talks multilateralism, aimed at promoting dialogue on the impact of the financial globalization and innovation for growth and stability. Like the first round of talks, the talks will be among a group of economic entities of association on this issue.
Rodrigo de Rato Managing Director of International Monetary Fund, and was formerly held the post of finance minister of Spain.
Copyright : Project 2007 Sendikit

Sunday 06 May 2007
Financial : new strategic in addressing inflation

Luna / May 6 / Baghdad / The Finance Minister Baqer Jabr Al-Zubaydi in a strategic deal with inflation and raise the growth rates for 2007 as well as taking a number of measures to activate cooperation with the neighboring countries and increase investment opportunities to achieve economic integration and the utilization of productive capacities.

A source in the Ministry of Finance that the Finance Minister said during a meeting with his British counterpart, the Iraqi delegation in Washington that the Ministry is currently implementing programs and a strategic task for the new rates to reduce inflation and the advancement of the Iraqi economy, pointing out that the Iraqi government is seeking to open up to all nations and countries and ways of activating cooperation in the economic and investment cooperation to serve the interests and support the economic reform process and to achieve ratios for 2007 and future years.

The source added that the action taken on the promotion of investment and trade will be key to achieving economic integration and the utilization of productive capacity.

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IT'S ABOUT TO BEGIN!!

Sunday 06 May 2007
Rafidain Bank received the first meal of transactions covered Micro

Luna / May 6 / Baghdad / The director of Rafidain Bank on the implementation of the directives of the Prime Minister and through the agreement between the Minister of Labor and Social Affairs and the Minister of Finance and in line with government policy to eliminate or reduce the unemployment rate to grant soft loans to graduates and unemployed and the general director of Rafidain Bank said that these loans up the 10 million dinars per person for projects designed to find the area of work to contribute to economic development and today was the first meal receipt from the Ministry of Labor to the bank and identify (12) banks in Baghdad, which receives transactions.

The Director-General of the bank that there are committees studying each project to determine the loans and the interest rate is 2% and virtually non-existent in comparison to wages administrative reach 3% in the first two serves in that they work to achieve returns material maintaining the borrower's family and finding an alternative to the intellectual and operation of the national economy the proportion of the unemployed in the project supposed

This applied in several countries and resulted in widespread success will be unemployed and contact owners loans by the ministry on any bank of (12) deployed in Baghdad in order to facilitate the process of granting loans.

Sunday 06 May 2007
Oil Minister Leaves for Riyadh to participate in the Asian Energy

Luna / May 6 / BAGHDAD / Oil Ministry confirmed their participation in the Asian Energy Conference to be held in the Saudi capital Riyadh. Assem Jihad, spokesman for the Ministry of Oil media said that Hussein Shahrastani oil minister left for Riyadh to attend the symposium and Asian energy ministers.

He added that the conference would touch upon various topics and develop energy in the world and the continent of Asia, the oil market, and regulate the relationship between consumers and processors.

Jihad explained that the conference would discuss the issue of energy security in the world and to provide full protection of oil installations, pointing out that Shahrastani will deliver a speech touches to the plans for the advancement of the Iraqi government by the oil industry and everything related to this area.

Recall that the Iraq issue is one million and 700 thousand barrels per day from fields in the south while export depends on the northern oilfields due to sabotage acts targeting export pipelines.

Sunday 06 May 2007
Trade ... The new trade and economic cooperation, scientific and technical cooperation with Kuwait

Luna / Baghdad / The Ministry of Trade proposal to the Kuwaiti side on the possibility of an agreement on trade and economic cooperation and cultural and artistic purpose between the two sides to develop bilateral relations.

Mcderfi confirmed by the Ministry of Trade and added that the ministry's proposals aim to cancel the 1964 agreement signed between the two countries and the creation of a new convention conform with the new reality and common bilateral relationship which Iraq aspires to open new vistas to upgrade them for the better.

The source added that the proposals submitted by the ministry were referred to the Ministry of Foreign Affairs for the purpose of lifting the Kuwaiti side and studied to be agreed later on the new date for holding the meetings of the Iraqi-Kuwaiti joint search mechanisms in the development of bilateral relations in the economic, commercial, cultural and artistic ..

He added that the ministry is working according to mechanisms designed to develop relations and activating bilateral agreements and work for the establishment of ad hoc exhibitions in all fields are also examining previous conventions and finding new proposals in coordination with the competent ministries on the subject of such agreements.

Please excuse if previously posted. thank you.

Sheikh Al-Attiyah : Symposium Dubai has achieved two and will be repeated with other laws
)He said it has a precise scientific draft (oil and gas)
.Sheikh Khalid al-Attiyah, first deputy chairman of the House that the symposium held in Dubai last week to discuss the oil and gas earlier scores of Parliament and will be repeated with other important laws, pointing out that two main goals behind.

).The Dubai has hosted 18 of this month, a symposium on the law of oil and gas under the new slogan (Bill oil and gas reading of the new scientific and technical studies in the light of national interests).
:Attiya added in a statement a copy of which was received yesterday morning that Iraq found itself after the conclusion of the rules and liberates the Principles between the institutions of empty oil wealth and large oil needs the efforts and energies of giant so that they can manage and benefit from them, stressing that the political forces agree on the need to create a legislative and legal frameworks rise this sector and the direction of a campaign paid managerial and administrative reforms leading to maximize its oil revenues, pointing out that the objective of holding this symposium sponsored by the Chamber of Deputies with experts and spe******ts in the field of oil envisages two essential goals :
.First : the reality of this project in a scientific and objective manner far from political recruitment for any purpose or any point of the shows including content and makes public opinion nationally and internationally aware of the method of dealing with this wealth strategy.
.Secondly : take advantage of the views and proposals of the oil experts, economists and lawyers in the evaluation of this project and avoid shortcomings and inadequacies and raise it to the best possible image.
.The Al-Attiyah had told (morning) that this experience will be repeated with the laws of other important sights to break clear and precise.
.For his part, Oil Minister Hussein Shahrastani, the government of national unity, formed after weeks of a group of experts tasked they (Thamir الغضبان, Tariq Shafiq, Farouk denominator) a project and then referred to the Committee on Energy and the Prime Minister under the chairmanship of Deputy Prime Minister for Economy has lasted six months of protracted discussions and difficult, adding that the law (that the oil belongs to all components of the Iraqi people) and oil and gas revenues are distributed to all the provinces through the federal budget, according to the population of each province and territory, the symposium was attended by a large number of members of the House and Oil Minister and Minister of Planning and Minister of Oil Kurdistan region and a number of experts, At the end of the symposium, which lasted more than 10 hours everyone praised the initiative of the House to hold this symposium, which allowed communication between the resident experts outside Iraq and members of parliament to discuss this vital project, including sing project ideas and proposals before submitting it to the House formally.


Hi Gert.

Iraq MPs weigh short recess, irked at US pressure

By Aseel Kami and Ahmed Rasheed
BAGHDAD (Reuters) - Iraqi lawmakers said on Sunday they might shorten their two-month summer recess to try to pass laws aimed at easing sectarian tensions, but bridled at growing U.S. pressure for them to scrap the holiday.

During a visit to Baghdad last month, U.S. Defense Secretary Robert Gates said he hoped parliament would not go into recess without agreeing a package of laws, including a bill dividing up Iraq's oil wealth and a measure to reverse a ban on former members of Saddam Hussein's Baath party from public life.

Iraqi soldiers search a house during a raid in Baghdad's Sadr City, May 6, 2007. Iraqi lawmakers said on Sunday they might shorten their two-month summer recess to try to pass laws aimed at easing sectarian tensions, but bridled at growing U.S. pressure for them to scrap the holiday. (REUTERS/Ceerwan Aziz)

Since then, American lawmakers have increasingly pressed Iraq's parliament to cancel its July-August break.

"If there is a need ... parliament should cancel the holiday or reduce it," said Mahmoud Othman, a Kurdish legislator.

"As for the American intervention, I reject this. It is unreasonable and unacceptable."

Nassar al-Rubaie, head of the parliamentary movement of anti-American Shi'ite cleric Moqtada al-Sadr, said his bloc agreed the holiday could either be cancelled or shortened.

"For the interests of the Iraqi people I think we should cancel it but not as a response to the American Congress," he told Reuters.

The tension over whether Iraqi lawmakers should take their holiday underscores how events are moving much faster in Washington than in Baghdad.

U.S. President George W. Bush, who is sending 30,000 extra troops to Iraq for a security crackdown seen as a last ditch effort to stave off civil war, is under mounting pressure from Democrats to show concrete progress in the four-year-old war.

The offensive, mainly focused on Baghdad, aims to give Shi'ite Prime Minister Nuri al-Maliki time to push through the laws, restore government services and adopt other measures to heal divisions between majority Shi'ites and minority Sunni Arabs who were dominant under Saddam.

But with General David Petraeus, the U.S. commander in Iraq, set to make an assessment of the "troop surge" in September, that does not leave much time on the political front for progress, especially if MPs take their break as scheduled.

A simple majority in parliament could alter the recess, lawmakers said.

DON'T BE HASTY

Abbas al-Bayati, a senior lawmaker in the ruling Shi'ite Alliance, said the demands for scrapping the holiday had sparked resentment and he suggested that hastily passing laws could create problems in the future.

"Only we can decide the importance of the drafts and whether they should be passed urgently or whether there should be adequate time for detailed discussions," he said.

The legislation has fallen hostage to sectarian and ethnic infighting.

A bill to share Iraq's oil wealth hit a hurdle after oil-rich Kurdistan said it objected to its annexes as unconstitutional. The oil minister says the draft has been submitted to parliament, although officials in the legislature say they have not seen it.

Maliki's government also agreed a plan to allow thousands of former members of Saddam's party to return to public jobs as a way of taking the heat out of the Sunni Arab insurgency.

But the bill has not yet gone to parliament and there is likely to be fierce opposition from Shi'ites, long oppressed during Saddam's rule.

Saleem al-Jubouri, spokesman for the Sunni Accordance Front and a lawmaker, said he favoured a one-month recess.

"But this is an Iraqi parliament matter. We will decide according to the people's interest," he said.