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

Originally Posted by goldraker

Are we there yet?

my wife keeps asking me the same question! lol

The 922 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/5/13 so the results were as follows :Details NotesNumber of banks17-----Auction price selling dinar / US $1262-----Auction price buying dinar / US $1260-----Amount sold at auction price (US $)77.335.000-----Amount purchased at Auction price (US $) 2.000.000 Total offers for buying (US $)77.335.000-----Total offers for selling (US $)2.000.000-----

Just popped in to see what the news of the day was. Thanks for all of you that do the research. HAPPY MOTHER'S DAY

Originally Posted by cashNsoon

The 922 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/5/13 so the results were as follows :Details NotesNumber of banks17-----Auction price selling dinar / US $1262-----Auction price buying dinar / US $1260-----Amount sold at auction price (US $)77.335.000-----Amount purchased at Auction price (US $) 2.000.000 Total offers for buying (US $)77.335.000-----Total offers for selling (US $)2.000.000-----

Finally...1260...
We shall see...
I would guess it will stay here for a few days....or maybe it will RV

I too am thinking we will hang out at 1260 for a while, but at this point WHO KNOWS!!!!!!!

Originally Posted by cashNsoon

I too am thinking we will hang out at 1260 for a while, but at this point WHO KNOWS!!!!!!!

Yes two more points to the big nonevent at 1260.

this week on G M A Bush said that if congress will be patient he will have this war paid for by july , almost 400 billion. now , how do you think he will pay for it ? R.v then our tax money? hummmmmm just maybe.

revdan

Economy in preventing authoritarian state
حدادDr. Haddad raised
.The witness history in various parts of the ground different models of the authoritarian state, and no single test in a historic example of where we can find the authoritarian state without absolute control (also) on the economy. It could be argued that the state control over the economy required for absolute control. The force of economic power is granted the possibility to guide the movements of individuals, groups and control awareness through control of their livelihoods. التنمية؟The answer to the question remains important task significantly : Can we achieve through the democratic development? وا؟The answer to this question will determine the answer to the question : Is democracy necessary for development? .The answer Alhaarateh and easy to such questions that leave empty stomach aware underdeveloped. However, we find that there are people filled their bellies, but the awareness of its spatial and temporal rights and underdeveloped because of the income distribution according to the degree of approaching them. Modern technology provides additional possibilities of power through notice of the possibility of replacement machine, which creates a sense of the citizen onerous intellectual and economic power. ان.The economy played an important role in establishing the rule of democracy. It is not intended here, of course, measure the degree of economic development of national income, because this measure will put many of the sites in the States do not have. But the intended building an economic base and establish economic relations to build a platform for building a social qualified victor, to build democracy. The Iraqi history for the period after 1921 , and even what earlier, The main reason for changing political positions radically similarity is the lack of interest among many groups within Iraqi society. For example, the diversity of forms of ownership of land in Iraq between North and South Shores of the Tigris and Euphrates as well as between interest Mlkeath one Mlkeath perhaps possession and the other can be Amiri again ... etc., the impact of this diversity glaring the failure to find common positions of this class or that and sometimes even contradictory positions of the owner of one of a particular case and then told us Iraqi history of nationalization of foreign interests to nationalize properties too small to State monopoly of economic activity to the point of having to import and distribute pens and watches and lamps. This weakened not only the rich but the medium category also. .The impact of the absence of the Central category had catastrophic effects on the Iraqi community not determined, but the immediate future as well. Have played this category in Iraqi history, political and social role of great importance, since the intellectuals and academics, artists and politicians, and even more than that, she was Albanian state authority, since before the founding of the Iraqi state in 1921 where the army and police officers in this category while landowners Itaffon of service in the executive and in particular it. راعيOne of the most important elements of sustainable development must be to rebuild the Central and education and increase spending by the state. The business part, to encourage small business and Balsmahat tax on income, production and distribution. The support prices of agricultural production

جريدة المواطن العراقية

Investing in Kurdistan, the role of banks in the development process



اعداد: د.Preparation : d. ماجد الصوريMajed Image
إن .The relative safety in the Kurdistan region of the territorial government allowed some sign investment agreements with foreign companies, and the results have been digging new wells for oil by the Norwegian energy company, The preliminary information indicates that the hot contain 100 million barrels of oil and pump five thousand barrels a day in 2007. ق.That stability in Iraq's Kurdistan region allowed the region to obtain a higher level of development than the rest of Iraq, in 2004 the per capita national income in the province by 25% higher than in other areas in Iraq.




د.And attract appropriate economic situation in Kurdistan since 2003 more than 20 thousand workers from different parts of Iraq, according to the statements of Mr. President Dr. 2000 .Jalal Talabani, the number Almellionereh in Sulaymaniyah only rose from humble 12 in 2003 to 2000 in 2006 millionaire reference to the economic and financial development in the province. إا ا .To provide such financial means to the Kurdistan region can achieve important economic boom of the province if properly used and directed. إلا.But the Kurdistan region still suffers the same problems experienced by Iraq as a whole, namely :-1-absence of a general economic policy between the roles of government and the private sector and determine development priorities and areas in the form of a plan of implementation of time-bound, and financial and human resource requirements for each of them and the lack of policies and procedures that must be followed. 2-.2 - lack of adequate infrastructure and resources for economic development and the immediate future, especially with regard to electricity, water and sewerage, communications and transport. 3-.3-integrated human potential weakness in terms of quality and experience and administrative efficiency appropriate to the needs of development and economic development. .The investment law in the Kurdistan region has a law on investment in the Kurdistan region in a clear and correct areas of investment in the region namely :-1-manufacturing industries - electricity and associated services. 2- all domains of agriculture-agricultural fields, livestock, forestry and all associated services. 3- .3-hotels and tourism-related projects Some recreation. 4- 4-health and the environment. 5- .5-science and technological research, Ckinlogia information. عام .The above-mentioned areas of investment consistent with the possibilities of the province and areas of possible development and needed by the Kurdistan and Iraq in general. إن.Any real development process relies on the role of the territorial government, to attract investment from home and abroad and encourage the process will not be successful if they did not have the necessary prerequisites other than security and Alastaqrarohmeh include :-* Change the legal course. * و .* Policies, mechanisms and procedures for the application of these laws. * Suitable manpower able to cover administrative and operational requirements. * .* Infrastructure available. * .In addition to the above on the need for an integrated economic policy take into account economic status quo and development objectives are based on accurate figures and statistics and feasibility studies fact take into account all the local and international standards, linked to a timetable for implementation. :- 1.Appropriate legal change : that the issuance of the investment law in Kurdistan and the law on investment in Iraq and the harmony between them is one of the important things to encourage investment, especially that the investment law in the Kurdistan region has been identified Mbachernoa exemptions and duration, size, but this law alone, despite its importance can not be sufficient to attract investments and implemented unless it is accompanied by other laws or regulations or changes in laws and regulations in force, for example :-1. .The title : it is necessary to develop laws are updated (if any) on the right of ownership and protection, especially with respect to the ownership of patents and trademarks and the distinctive features of recording, transmission and use of line with economic development in Iraq and international economic relations. 2.2. مال .Corporate Law and the Law on public companies : There are significant gaps in these Acts For example :-• membership of the Governing Council in the shareholding companies and this applies primarily to banks, since the law does not allow those who have the largest share in the capital even if it reaches 90% have more than one member of the Governing Council, and allows those who owns 2000 shares (2000 dinars) to be a member of the Governing Council, Thus, the haves 10% of the capital (shareholders) have the right to access to the vast majority of the Governing Council and owns 90% of the capital have the right to be a member of only one, any campaign that 10% of the capital (shareholders) can control the fate of the owners of 90% of capital. * لا.* Law does not allow the investment companies that invest more than 5% of their capital in shares of other companies, and may not be possessed in one company more than 10% of the capital of that company. اضافة.In addition to the need to retain liquidity by not less than 10% of the paid capital, and this prevents investment companies specialized control of the companies that contribute to ensure good governance, while allowing the instructions issued by the Council of Ministers contribution of foreign banks in local banks to a great extent even if it reaches to 99% of the bank's capital. * .* There are various gaps in the law which the former public companies still work force by, especially with regard to the distribution of profits and the composition of the boards of directors and dealing with the companies in terms of management systems and accounting and financial unified manner despite differing areas of work and the competence of these companies are not differentiate between public companies in the financial sector or production (agricultural or industrial), or any other activity. 3- .3-laws relating to the taxation and customs : it is necessary to modernize the laws on taxation, customs and bring them into line with the new requirements of the economic situation in Iraq in general and in harmony with the aspirations of Iraq's accession to the World Trade Organization, at the same time protect and develop local industries and products, the necessary laws and the relevant policy-dumping practices in which some States or international companies in the Iraqi market. 4- .4 - Develop accounting system that can be consistent with the requirements of international standards and facilitate foreign investors from reading budgets manner consistent with the standards, in addition to the necessity of transparency required of financial and accounting information. ان .Many of the laws currently in force need to be reviewed continuously either modified or eliminated and replaced by drafting new laws to conform broadly with the new economic order in Iraq and the developments and aspirations and its relations with the outside world and facilitate the transfer of CST and developed locally. ان .The main purpose of this is to open the doors to a greater flow of investment and strengthen the positive climate for investment in Kurdistan and Iraq. .The policies and mechanisms and procedures for the application of laws on investment : The passing laws alone can not create a favorable climate for investment has not been determined policies, mechanisms and procedures for the application of these laws. ان.The main purpose of these procedures and mechanisms must be the simplification and facilitation, which are down one responsible for all these operations in order to shorten the time of the founding institutions wishing to invest whether local or foreign. فقط.In Saudi Arabia, for example Aistgerg establishment of a company, domestic or foreign, more than one week, they are in the direction of reducing all of these measures, the only two days. .These procedures include procedures for the establishment of the institution and creating ratifications necessary for the exercise of its work including the identification of the land needed to be required. .Far from the bureaucracy and administrative corruption with the imposition of the institutions willing to invest the necessary work transparent and acceptable conditions imposed by these laws. .The purpose is to regulate the relationship between the state organs and community investment through a formula that determine the optimal planning and organization of this deal selecting cadres dealing with these bodies and to facilitate the exercise of their work. .Manpower appropriate cover administrative and operational needs : It is known that Iraq, including the Kurdistan region went through difficult patches and for a long time, particularly from the beginning of the Iraqi-Iranian war and the economic embargo and the recent war in general far from the course of global development in all areas of scientific and administrative productivity, We do not forget the Kurdish people to the barbaric attacks of all previous Iraqi regimes, which led to the deterioration and failure of the level of performance and working methods of the manpower, at the same time led to the shattering psychological Iraq for a number of large as Iraqis and Anhaddarham about corruption intellectual and economic, administrative, financial, in addition to the dependency of the great majority of the Iraqi society, the State and its financial capacity. .This phenomenon is very dangerous, more dangerous turn into chronic disease affects the Iraqi people difficult to deal with in the future, and therefore should be a program to raise the level of intensive individual Iraqi intellectual, cultural and professional occupations, and create the necessary competencies to face the possibilities of economic development which the government of the Kurdistan region, That would require great efforts, rapid and intensive in order to create these cadres through a studied conform with the requirements of this development, and through schools, colleges, universities and missions and intensive courses inside and outside Iraq, and this requires massive investments by the State and territorial government itself. in addition to the concerted efforts of the private sector with the government's efforts. .The purpose of that is to provide trained workers skilled in order to provide the necessary preparation for the different sectors of the economy in order to provide more job opportunities. .Infrastructure available : the infrastructure, energy, especially electricity, communications, transportation, water and sewer are the basis for the development of all economic sectors as one of the basic requirements to ensure the continuity of work and evolution. .Since these services are intensive use of capital and long-term productivity, it must be saved and development by the state and the regional government in order to provide the competitive strength of various economic sectors, We must provide these services at affordable prices enable these sectors to benefit from them constantly affect the cost of production and make a positive able to compete if there are other possibilities technical and scientific management and appropriate technology with a commitment to stabilize prices that the delay in the Kurdistan province to solve the problem of energy, particularly electricity so far the development of components and other infrastructure would delay plans both economic development and raise the standard of living of the Kurdish community.
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nine million Iraqis live under poverty line





بغداد - الصباحBaghdad-Sabah.
لها.She said the Ministry of Planning and Development Cooperation so years that nine million Iraqis living landing poverty line according to the sociological survey conducted by the Central Statistical Program.






عدم محافظاتAn official source at the ministry that "this survey was conducted on different samples in all governorates where results showed that more than nine million Iraqis living landing poverty line due to the adoption of a large proportion of them on food subsidies and subsidized basic commodities such as fuel in addition to the Iraqi markets laptop regularly. He added : " The CSO put the results of this survey in the plans of the Ministry of Planning future aim of reducing rates of poverty and help Iraqi families to overcome poverty line, pointing out : "there are many training programs in cooperation with a number of ministries for the operation of the unemployed and thus eliminate unemployment is one of the causes of poverty. The latest economic studies have The earlier that the incidence of poverty in Iraq rising continuously due to the lack of plans and projects reduces Alfaqradviseri in all governorates
Translated version of http://www.alsabaah.com/