Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by shotgunsusie

wonderful news mike!! this should reduce the violence and al qaeda, or whats left of it, will stick out like a sore thumb.

Well lets hope this puts the security situation over the top enough to allow a reval within the next 30 days. Keep your news and and commentary coming Susie- Looks like we're almost there!

Originally Posted by Hkp

Diminished prospects Gulf currency unification in 2010

21 / 05 / 2007 15:07 (GMT)

Diminished prospects Gulf unified currency entry into force in 2010 as planned by the government's decision to link the Kuwaiti dinar basket of currencies instead of the American dollar.

According to Sheikh Said senior economist at the Saudi Commercial National Bank of Kuwait that the resolution makes it difficult to implement the necessary preparations to put up a unified currency.

However, Kuwaiti Finance Minister Badr Al-Humaidi said his country's idea of the unified Gulf currency and commitment of all the financial criteria necessary for their implementation.

The Kuwaiti minister pointed out that the decision of disengagement between the dinar and the dollar aims to fight inflation, which reached 4% due to the devaluation of the dollar.

Kuwaiti minister did not rule out the possibility that Qatar and the United Arab Emirates to take a similar decision.

Radio Sawa - تضاؤل اØ*تمالات توØ*يد عملة الخليج عام 2010

It will never happen!! These people won't trust each other to dispense a common currency.. They can't decide anything!!

The Prime Minister is being telephoned with the American President

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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الإثنين 21/5/2007

Monday, May 21, 2007

Statement

Prime Minister Nuri Kamel al-Maliki telephoned with the American President George Bush.

And Mr. Prime Minister, in a telephone conversation which took place this afternoon determination of the government of national unity and reconciliation initiative to activate national dialogue and continue the process of reconstruction, rebuilding and implement a plan to impose law.

He sovereignty to the importance of increasing cooperation and coordination between the Iraqi forces and the multinational force in the fight against all lawbreakers to eliminate the terrorist organizations and armed groups.

The Prime Minister told the American President keenness of all participants in the political process to discuss and approve the draft laws submitted by the government to the parliament and amendments in the constitution and reconsider the number of independent bodies.

The President reiterated the American support of the United States to the Iraqi government and to continue the policy of mobilizing regional support for the government, including help in the success of the political process and consolidating security and stability in the country.

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

Here is the press release regarding phone call

CRAWFORD, Texas--(BUSINESS WIRE)--

Crawford Middle School

Crawford, Texas

9:05 A.M. CDT

MR. FRATTO: Good morning, everyone. The President had his normal briefings this morning. I have a phone call to read out. The President spoke with Prime Minister Maliki this morning, to mark the one-year anniversary of his inauguration. The President reaffirmed his confidence in the Prime Minister, and noted the courage he has shown during a challenging and difficult year.

The two leaders discussed the importance of political progress in Iraq and the need to move forward with key reconciliation initiatives to secure Iraq's democratic gains. Prime Minister Maliki stressed his commitment to national reconciliation and provided an update on legislative initiatives, including the hydrocarbon law and constitutional review process.

The two leaders also discussed the regional situation, and the need for all of Iraq's neighbors to play a constructive role in helping Iraq's democracy succeed.

And, finally, they reaffirmed their commitment to defeating the terrorists and extremists who continue to prey on the innocent in Iraq.

I also note, later today the Senate will be moving to a cloture vote in order to proceed with debate on comprehensive immigration reform. As you all know, this is a very high priority for the President. We look forward to this debate. We hope that it is thoughtful. We know that this is an emotional issue for members on both sides of political parties and both sides of the ideological spectrum, but we hope that we can find common ground on this issue so that we can move forward with this reform effort and deliver legislation to the House of Representatives and, hopefully, legislation to the President's desk by the end of summer.

As you know, the President is meeting with the Secretary General of NATO this morning. We'll have a press conference later this morning, and then on to lunch.

Questions.

Snip...


Q Tony, you mentioned that when the President spoke to the Prime Minister this morning he got some updates on some of these key measures -- the hydrocarbon law and constitutional review. Are we getting -- is the President getting any commitments about when those things will happen?

MR. FRATTO: It's very hard to put a sense of timing on some of these things. Obviously, we want the Iraqis and the Iraqi parliament to move as quickly as possible. Progress on advancing these initiatives is not moving as quickly as anyone wants, and I think that includes Prime Minister Maliki and many members of parliament.

So we don't have a specific time frame on that. We want to see them move quickly. Obviously, those are elements of benchmarks that we've talked about and that Prime Minister Maliki has talked about. We think they're essential for bringing peace and security and an equity feeling in a national Iraq that is, to a large part, based on those kinds of reforms. So we want to see progress on those issues.

Q One follow on that, Tony. There seems to be a sense in Congress, among members of both parties, that September is a key month, pegged to General Petraeus's report then. Does the President see September as a significant, make-or-break time?

MR. FRATTO: Well, General Petraeus has said that he plans to provide an assessment at some point in September. We'll look forward to that. We have to remember that the elements of the troop buildup for Baghdad, the security operations in Baghdad won't even be fully in place until mid-June, if things are running on time. So we'll have some opportunity to review their progress, but we have to remember that progress will be measured across a broad front.

Obviously, success on every other element in Iraq is dependent on the security situation. You will not have political progress or economic reconstruction progress unless you have progress on the security front. So we'll look forward to that. I'm not going to put a point on a specific month. But certainly General Petraeus's review of the security situation in Iraq will happen at some point in September.

Mark.

Q Tony, any movement on the war funding bill since Friday's difficult meeting?

MR. FRATTO: There have been staff-level talks. Those staff-level talks will continue. I think the Chief of Staff, Josh Bolten, will continue his talks. We certainly want to see a bill come to the President before the end of this month, before Memorial Day. That's what the leaders in Congress committed to. We'd like them to live up to that commitment and deliver a bill that the President can sign by Memorial Day. So talks will continue this week and we hope to see progress.

Q Did you say whether the conversation with al Maliki was a phone call or secure video?

MR. FRATTO: I'm sorry, it was a phone call.

Q Phone call. Thanks.

Q What time was that?

MR. FRATTO: I don't have the timing on that.

Roger, did you have a question? I'm sorry, not Roger --Steve, did you have a question? You're good? Okay. Anything else? Elaine.

{snip} ...

Thank you.

END

9:16 A.M. CDT

Originally Posted by Bubba Dinar

It will never happen!! These people won't trust each other to dispense a common currency.. They can't decide anything!!

this was not there decission the pressure to stop one currency is coming from the IMF. they dont want kuwait to revalue there currency this will rock the boat in iraq!

i just wanted to say, thank you, to SGS. your commentaries and summations, after all of these long, tedious posts, help me understand a little better.
you say in 3 lines, what it takes the Voice of Iraq to say in an entire paragraph, and i admit, i dont read those long posts, they are confusing.

i am glad we have you here, to make sense of most of it. Thank You

Invite political forces to build the experience of reconciliation in Kurdistan

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Baghdad-Iraq votes

By Hadi Hadi

The member of the Kurdistan Alliance, Monday, the political forces to build experience in the Kurdistan national reconciliation, considering it a successful experiment.

He added Nawzad rose fit for the Independent News Agency (Voices of Iraq) that "what happened in the province was an initiative of my two main parties (National Union and democratic) who eternally flexibility in the positions and forward various concessions."

"He continued : "In addition to sacrificing the interests of party, some of the conditions they insist on some things ... The success of the draft national reconciliation. "
It is hoped that the Iraqi government convene a special conference of the forces, political parties and currents within the project of national reconciliation through June of next June.
The Iraqi government had been held earlier this year, two special national reconciliation, I had a strong national political trends and other special former Iraqi Army officers.

Saleh pointed out that "reconciliation conference to be held in June next June is a good sign, but the same time we wish to be a useful and positive and not be doomed to the fate of previous conferences."
"He added, "We hope the various parties participating in the conference to determine the actual position of the subjects of Iraq and its people from the tragedies and look towards providing what is best for all citizens."

Acharali and that "the success of this conference requires everyone permissive attitudes and show flexibility towards reconciliation and forgetting the past and ridding the Iraqi people of all pending problems."
And the benefit of all the political forces that had the interests of the country and works to sacrifice partisan and sectarian interests and thus the success of national reconciliation to overcome the obstacles and problems accumulated.

He described the talks will be held between Iran and the United States at the ambassadorial level on the situation in Iraq at the end of this month ... Balhcheh He pointed out that differences between Iran and the United States deeply rooted for many years and thus there will be no perception arrival of the parties to any positive results at the meeting, which will bring together the parties in Iraq.

The governments in Kurdistan have declared about uniting the two administrations prior to last year after a hiatus of years between the two main Kurdish as chair of the current President Jalal Talabani presidency of the Patriotic Union of Kurdistan, while the Kurdistan Democratic Party headed by the President of the Kurdistan current Massoud Barzani, son of the late Kurdish leader Mullah Mustafa Barzani.

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

Oil experts and the economy : some of the items needed to be further debate and amendment

Babil University Law discussed oil and gas during a symposium organized and hosted by the owners of competence in the area of economy and oil Dr Ahmad Husseini explained in a lecture where the strengths and weaknesses in the law, pointing to the importance of the debate and amend some paragraphs and said that geological studies had shown that Iraq contains around 530 complex geology of the oil prospects good, and contrast have been drilled about 115 so far, The remaining 415 requiring exploration.

Compositions and the 115 71 has proved to contain huge oil reserves estimated at nearly 111.3 billion barrels of oil, while the subject of the 415 undiscovered (for various reasons including wars many of the dead - and-buried and the subsequent economic blockade lasted for many years) is estimated to contain more than 215 billion barrels. He added, as a result, provinces and the oil-rich provinces controlled in the future nearly two thirds of Iraq's oil. According to many experts Petroleum, the oil reserves in Iraq corresponded reserves discovered in Saudi Arabia, which today are considered the first product in the world. He explained that currently producing fields are concentrated in the provinces of Basra and Kirkuk. There is producing few other fields located in the provinces of Misan, Baghdad and Salahuddin, Diyala and Mosul Pointing out that there are many fields already discovered and developed-spread in most Iraqi provinces except four Qadisiyah and Babil, Anbar and Dohuk .He said in terms of geographical concentration of the oil wealth note that the province Albzarethtstahom the largest oil wealth in the country But statistical data of this province owns 15 gas fields, including 10 producing fields and 5 are still awaiting development, and production. These fields contain oil in rocks reserve estimated at more than 65 billion barrels, it constitutes about 59% of the total Iraqi oil reserves.

The oil reserve to the provinces of Basra, Dhi Qar, Maysan combined limits of 79400 billion barrels, or 71% of total reserves total in the country. This observation means that the bulk of the oil reserves concentrated in the south. It is estimated oil reserves located in Kirkuk at about 13450 million barrels, it constitutes about 12% of the total reserves of Iraqi oil. The Kurdistan grasp the current (Irbil, Sulaymaniyah, Dahuk) contains sand billion in 3160, representing about 3% of the total Al-Husseini identified in his lecture pros, and cons of the law. It needs several paragraphs to the debate and amendment. And this law can be divided into three main axes, which he was interested in President extraction and production operations and its accompanying oil and not of liquidation and distribution of proceeds it will be a special law for the question of (the distribution of oil revenues) as well as for the restructuring of the oil sector through the restructuring of the National Oil Company. The third axis, it represents the organizational relationships between the center and regions as well as producing Msalhalastasmarat foreign.

Husseini stressed the need to enact law to deal with structural imbalance in the state budget where investment budget by 23% from the state budget, while the rest is balancing consumer does not contribute to develop the Iraqi economy. If one takes into account that Iraq's oil reserves could be up to the level of reserves of Saudi Arabia. Bono finds that there is a difference of about production (8) million barrels a day, which prohibits Iraq from the very substantial financial resources will develop Iraq.

We have discovered a group of law negatives including the lack compel companies invested operation Iraqi manpower. The establishment of the Office of independent consultants It is negative law that the Federal Council for Oil and Gas take decisions by a two-thirds of members present. Will control the conflict between Iraq and investment companies, according to government regulations, International Chamber of Commerce in Paris or Geneva also did not specify what law is the maximum dividend and national economic, as in Article / 1, or returns on investment incentives or to the reasonable investor The law also did not specify fines and legal sanctions on foreign companies, as well as tax rates. According to the content of the law (contracts) ((production sharing)) did not specify the type of contract law. Is service contracts or participation and the participation of decades after oil for the state oil when the oil as well as possible in the post-production of uranium, which belongs to the State, but with a foreign company. .And these contracts is a foreign company providing capital for exploration and development and export. since recovery of these amounts were known by the foreign company by allocating a share of oil production and I called (oil cost), after the recovery of the known remaining oil called (profit oil) reserves by 20% of the profits go with the rest of the government and the very high rate compared with the usual it in countries where most stable of 10%, this ratio companies will be able to reap 60-70% of oil revenue is annually up to 200 billion dollars.

Although there is a standard missing persons involved subjecting all requests for licenses for decades Feasibility studies take into account the marginal efficiency of production-level units, according to the kinds of fields of oil and range depth. .The law did not provide for any acquired rights to the oil-producing provinces to other governorates unproductive. It must preserve the distinction between owns ten largest fields in Basra on the other there is no field. The law to the law or the merits of the so-called pros said that the law was in line with Article (111) constitutional argument that oil is the property of all the Iraqi people. Therefore, the oil revenues will accrue an account with the Central Bank and called the imports of Iraqi oil and knows from this account through another law called Act (financial resources), and through the state budget and equally to all people. It was through the life of the National Oil Company as a company holding the right to establish more than one company in the south or the north or center to be devoted exclusively to producing fields and discovered fields currently being developed - which represents 82% of the total oil wealth of Iraq. To be discovered fields and non-developed areas exploratory available for investment or foreign companies in Iraq.

Today, Iraq needs to be funding for projects and rapid reconstruction and modernizationIn particular it lacks the financial resources necessary to develop the oil and gas sector. And the desire to obtain modern technology and the technical and managerial skills that can be offered by the foreign investor. And private sector participation in the development of the Iraqi oil industry. The establishment of the future and fund oil imports.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=36228

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Kurds seeking two billion dollars from Baghdad for arming s

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Iraq :

(May 21) and the agency (Lucky) Italian News-A leading Kurd on the Guard Forces Command province demanded the Iraqi government to allocate two and forty-five million dollars for the purchase of arms and military equipment from the Iraqi Ministry of Defense. The spokesman said the overall leadership of guard forces Territory Major Jabbar aide-de-camp, in a statement quoted by the newspaper (Lasso) Kurdish today, "the delegation of Kurdistan, led by head of government, there will be intensive talks on the oil and s budget and article 140 in Baghdad with Iraqi government officials. The budget s one of the most important files to be examined by the delegation, where there is expected to be handing over the security file in the province to the President Massoud Barzani end of the month. " The spokesman confirmed, which is among the delegation, said that "the Kurds will want to allocate a budget estimated billion and a half billion dollars to buy weapons and equipment, food and other supplies to troops s, as demand allocate 950 thousand dollars is also available over three years to modernize and build s headquarters in various parts of Kurdistan." The Guard troops since the Kurdistan formed recently under the leadership of Kurdish leader Masoud Barzani, head of the Territory.

(Shs/Aki)

(Shs/Aki)

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

Sorry if posted before...

Trade Minister Confirms:


The results of the negotiations with the WTO will bring a big development in the Iraqi economy


Baghdad-Lighthouse-called diamond Elias

The Minister of Trade, Dr. Abdel Hassan Sudanese farmer that future negotiations with the World Trade Organization to be held in Geneva late this month will be a great success in the Iraqi economy. Wali said the Sudanese told (the beacon) that Iraq had completed all the mechanisms and questions addressed to him by the International Organization as well as complete set of laws and legislation has been filed by the Council of State and Council of Ministers to be studied in order to keep up ...

For Iraq's participation in the World Trade Organization.
The Sudanese minister added that the negotiating team headed by successfully completing all the requirements for joining the World Trade Organization and develop appropriate responses for each theses organization and, hence, we are optimistic that the outcome of future talks to be held in Geneva with a team represented by the exit of the recommendations of the task could accept Iraq in the light of the implications of the results.

The trade minister noted that the Iraqi government issued several laws that serve the Iraqi economy and facilitate coordination with the global economy, where the form of the investment major turning point future results will be significant movement of the market economy and to develop most of the governorates, which has been severely damaged by exposure to negligence and self - central control of the State on the economic movement.

Dr. Sudanese Iraq's accession to the WTO does not necessarily mean acceptance of new restrictions imposed on the Iraqi economy, as some believed in the laws and regulations governing where the action team is working to achieve the higher interest of the country and the interest of the Iraqi rights before taking any action that the Iraqi economy has great potential capable of exceeded all its problems and return once again to the forefront of the economies of countries of the world.

The Sudanese minister explained that the presence of international organizations in Iraq is important being shunned for many years and out of step with economic developments taking place in the world and it may be reintroduced this presence and keep pace with developments and their embodiment in order to serve the Iraqi economy, and thus determine the feasibility of presence in these international organizations.

He noted Dr. Ali importance of education and public awareness in the importance of Iraq's accession to the World Trade Organization, through which the regulatory Iraqi economy and to study the experiences of the advanced countries of the Organization for the freedom to control the operations of the economy and world trade.

The Minister of Commerce, said that the negotiating team representing the Iraqi government before the World Trade Organization in Geneva to hold several meetings workshop where many of the topics and mechanisms which will be put before the organization, which had previously been the government many of the questions asked and answers for the purpose of considering the Iraqi request seriously.

Translated version of http://www.al-mannarah.com/paper.php?source=akbar&mlf=interpage&sid=17491

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