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

Mahdi Al-Hafiz : economic benefits of «el-Sheikh» was
(Voice of Iraq) - 14-05-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

, Told «life» The figures cited outdated or inaccurate ... Mahdi Al-Hafiz : economic benefits of «el-Sheikh» were below the declared results
BAGHDAD - Adel Mahdi life-14 / 05 / 07 / /

The president of «the Iraqi Center for Development and International Dialogue» Former Planning Minister Mahdi Al-Hafiz said in an interview with «life» meetings to evaluate the results of the Sharm el-Sheikh on Iraq b «objective and responsibility», stressing that the economic outcomes of the meetings «not in the level of media statements issued at the end».

He pointed out that «many figures that were mentioned, in connection with either old creditors of the« Paris Club »debt reduction, or that some of the inaccurate and did not reflect the reality».

Hafiz said : «is not new for extinguishing debt also has been no official statement so».

The deal reached by Iraq at the end of 2004 «after long negotiations and ruled debt reduction, and adopted 80% measure taken by creditors in the« Paris Club »to reduce these debts».

He pointed out that «grades conclusion of bilateral agreements between a number of European states, Japan and others».

He pointed out that the rights of members of «Paris Club» hit about 40 billion dollars, and we know that reducing unconditional commitment to the Iraqi government economic reforms within the framework of so-called structural adjustment, economic, adopted by the IMF, including the implementation of economic reforms by reducing public expenditure and the ongoing, cross program aimed at the abolition of government support for a number of consumer goods and household fuel and ration card and the other, as well as procedures relating to indicators of inflation, interest rate and the rate of economic growth ».

He said : «had hoped to take a series of other creditors, especially Saudi Arabia, Kuwait and others, similar actions, but this did not happen, especially that of the remaining debt amounts to about 60 billion dollars, and did not declare any State for the clear commitment to debt reduction or mitigation, they only reference to the subject of study. With the news that Egypt lied to cancel debt of Iraq $ 800 million ».

He announced that one of the goals Hafiz Chairperson to prepare a draft «International Covenant» was «seeking to induce Gulf states to respond to demand debt cancellation or reduction and encourage them to contribute to the reconstruction of Iraq in the form of an active and direct». However, he believed that the real results of the meetings of Sharm el-Sheikh «did not reflect any form of such a program only welcome genuine reforms and political support him, without undertaking any financial obligations and clear».

He pointed out that wisdom «required not to exaggerate the results achieved in order to revive the great expectations among Iraqis State can not achieve, in light of the difficult circumstances prevailing in Iraq now».

He said : «may be correct in some of the results and the current government had litmus test on its ability to implement reforms pledged in accordance with the framework and time frame mentioned», adding that «conclusion not far from reality».

The keeper that «a right to ask project site« International Covenant »about plans other fundamental strategy of the State Development 2007-2010, as well as for the international program of the funds and institutional regulations obligations under the International Donors Conference».

He asked : «How can reconcile the mechanisms of this system and the requirements of« International Covenant », which did not mention the mechanisms work and how to deal with the international funds, especially given that the two systems retain international players themselves, whether they are organizations or States which is needed to be addressed by the government and international parties».

He said that external financing «needs to be a substantive discussion». It pointed out that the figures and facts «According to the availability of approximately $ 17 billion international monetary reserve in the Central Bank of Iraq, as well as the amount of eight billion dollars representing financial assets in the Iraqi Development Fund deposited in the Federal Bank in New York, In addition, absorptive capacity (executive) of government agencies, which do not permit the holding of any investment agreement is important, as the experience of past years, as it has been unable State Bozaratha different from the cashing of 10% of the investment budget allocations for 2006 «, pointing out that the 2007 budget «allocated about 10 billion dollars in the investment program for the current year».

He doubted that «execution rate unchanged as it carries great significance to the Iraq problem lies not in the search for external sources of funding, whether grants or loans, indicating the weakness of the justifications official media that accompanied the results of the Sharm el-Sheikh meetings».

He concluded that the reasons Hafiz recession and the economic deterioration in Iraq «internal and includes in the first instance the absence of security and stability and increasing attrition, humanitarian and physical weakness of the State and its inability to carry out normal functions». He confirmed the necessity to «focus real solution to solve the problem of governance, including ensuring the provision of the real reasons for the stability and security and the restoration of effective state in the form of natural, a matter that needed to talk last».

He pointed to a point considered «very important», which meant that if the International Covenant year plan for the development of the Iraqi economy, as understood by some paragraphs and government statements, the outgoing «constitutional duty to proceed the Iraqi parliament this« Covenant »Law».

The House of Representatives voted today to the discipline of state employees
(Voice of Iraq) - 14-05-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Adel luxurious
Baghdad - (Voices of Iraq)
A media source said in the House that will be discussed in Parliament today, Monday, its vote on the bill discipline State officials and the so******t sector, as well as to discuss and vote on a number of other bills.
The source explained to the News Agency (Voices of Iraq) that the Parliament Independent "today began its seventh session of the Legislative Chapter III, chaired by Dr. Mahmoud Almchidani chairman of the parliament."
He added : "The agenda of the meeting to vote on the bill first amendment of the discipline of state employees and the private so******t, and the vote on the draft law amending the law implementation No. (85) of 1980" without clarifying the nature of the proposed law or amendment of it.
The source said the information that it was planned to discuss today's meeting also "the first reading of amendments to the Code of military trials, and the first reading of the draft law on social protection network, and the first reading of the proposed Act to amend the Criminal High Court (No. 10 of 2005)."
He continued, "as well as the first reading of the draft law on the First Amendment to the Ministerial Order No. (10 in 2004), and the second reading of a draft law to amend article (49) of the Civil Service Act (No. 24 of 1960), and the second reading of the draft Accession Iraq to the two Optional Protocols to the human child."
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Vice President Tariq Hashimi underlines the need to build
(Voice of Iraq) - 14-05-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Republic of Iraq
Presidential Office
Press Office

News : Vice President Tariq Hashimi underlines the need to build national security forces away from the partisan and sectarian Aligned
May 14, 2007

Deputy President Tariq Al-Hashmi, at his residence, on Monday, 5-14-2007 Admiral William Falun Commander of the Central Region of the American army, and the United States Ambassador Ryan Crocker in Iraq.
And during the meeting, reviewed the political developments and security in the country, His Excellency the deputy on the need to build national security forces away from the partisan and sectarian aligned, and a prelude to the withdrawal of American forces at a later date, stressing the importance of linking this issue to rehabilitate the armed forces to be able to fill the security vacuum.
He also called on the Vice-President, again, the release of detainees in prisons run by multinational forces in Iraq and work to create programs and plans for the rehabilitation of prisoners, thus engaging in civilian life.
For his part, Admiral Falun its support for the proposals Vice President and promised to follow up.

Media report to the Ministry of Finance
(Voice of Iraq) - 14-05-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Name of God the Merciful
The Ministry of Finance
Media Bureau
Media report to the Ministry of Finance
Baghdad
May 14, 2007

Achieved National Insurance Company of premiums (1502) million five hundred and two thousand dinars during the first week of the current month.
This company has offered insurance services to all employees of the Directorate of Municipalities Wasit governorate, the company Farouq Assembly SEIDACC Authority SEIDACC and the Public Authority for the training and rehabilitation and the Directorate General for the transfer of power to the Euphrates to document collective insurance coverage multiple benefits.
Seeking National Insurance Company for the Development of insurance awareness among the citizens by the producers as well as the company held seminars and the issuance of tariff Bustrat private insurance.
Rafidain Bank has branches Foreign annual profits hit until March 31, 2003 as follows :

Section profits
Oman ,395.641 JD

Beirut, 65.429.046. Told. L
Abu Dhabi, Emirati dirhams ,473.120
Bahrain ,30.646 BHD
Cairo ,28.052 dollars

Also following the bank with branches departments to intensify efforts to liquidate most of the outstanding debt repayment has S until the March 31, 2007 as follows :

Name section payments until March 31, 2007
Oman ,2575 JD
Jabal Amman ,12445 JD
Aqaba ,425 JD
Abu Dhabi, Emirati dirhams 61621
Bahrain, Bahraini dinars 5880

Within a plan Iraqi Reinsurance Company to increase the efficiency of its affiliates in the various jurisdictions the company financial involvement of a number of affiliates in a special session in English and communications company is working to provide blankets repatriation insurance for insurance companies operating in Iraq, including secure advancement of insurance in the country.

www.dinarbanker.com - IMF is not putting pressure on monetary policy

IMF is not putting pressure on monetary policy
IMF is not putting pressure on monetary policy

March 29, 2007

Iraqi Central Bank governor, Sinan Shabibi, denied that the strict monetary policy, pursued by the Central Bank, being a result of pressure by the International Monetary Fund; he pointed out that the policy falls within the framework of the Central’s monetary reforms currently taking place in Iraq.
<!--[if !supportLineBreakNewLine]-->
<!--[endif]--> Shabibi explained that the strict policy of the Central was adopted as a result of the hard conditions experienced by the Iraqi economy, and the hyper-inflation which is causing substantial damage to the monetary economy that is affectin the value of the contracts; this has negatively affected the estimates related to the budget. He pointed out that the policy of “the Central” aimed at achieving price stability by using its monetary tools, like raising the dinar exchange rate against foreign currencies and increasing interest rates, that would lead to a reasonable indicators of inflation which has become a threat to the country's economy and development.

Shabibi linked the success of this policy to the stability extent of the consumer price through liquidity management.

He praised the State budget of the current year, in terms of its allocations, disbursement and its dimensions of development and investment; at the same time, he warned of the economic imbalances that will accompany the spending of the budget.

Shabibi emphasized the need for a mechanism to monitor the implementation of the budget, particularly its investment side, pointing out to the need for the ministries to abide by the financial ceiling allotted to them in the budget. In the area of economic reforms, Shabibi called to activate the productive sectors and increase their growth rates, to meet local market demand, provided that it does not result in an imbalance in the economy

Originally Posted by bob1940

Is there really anything to get Excited about here, with the Pending RV? Just another Sunday In this great PLAY(act) another day to watch slowly pass as the S, and S keep trying to divide the great Country Of IRAQ. another day for Hoping, and Praying for an end to violence, and an RV Of The DINAR . While another Brave Seviceman, or 2, or 3, or 4, or maybe MORE, Loses his/her LIFE to a sneak attack by the Sunnies, Or shihites, and another MOM loses her SON, or Daughter, On this FINE DAY dedicated to MOTHERS through-out the World. Where are the brains of this NEW Democracy IN Iraq? can't they see the GOOD in Having a RV? not just for our benefits, but For their OWN PEOPLE! So, as I wait For the long Hours, Days, WEEKS, MONTHS, and YEARS roll by with Jubilation, and predictions, This war lingers on, and Iraq is still a war torn Country with riches of oil beyond compare. and Yet in reallity the Poorest country in the MIDDLE east. with a government that should have worked for the People by now. OH well Maybe JUNE will be the MONTH---and maybe this comming week will be the week----or maybe tomorrow will be the day Of the great IQD RV! WHO KNOW WHAT LIES IN the HEART of the "GREAT" Leaders .------any how I want to WISH each, and every Living MOM a happy MOTHERS DAY --- and to MY MOM who has long been free from worriement , I bend my head in Prayer with a special MOTHERS DAY WISH ---I wish YOU were still here MOM!
BOB1940

Oh Bob! This is so sad! I still have my mom and am very grateful - but she is getting older (70). I'm sure she knows your sentiments and is with on this day.

Almchidani to Haysom : no red lines in the work of the amendments

(صوت العراق) - 14-05-2007

(Voice of Iraq) - 14-05-2007

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Almchidani to Haysom : no red lines in the work of the constitutional amendments

Baghdad (May 14) and the agency (Lucky) Italian news-held Iraqi Parliament Speaker Mahmoud Almchidani today, Monday, meeting with the director of the Committee on Constitutional Support of the United Nations Nicholas Haysom. A statement issued by the Office of House Speaker Iraqi Almchidani heard that during the meeting, which was attended by his two deputies Khalid Al-Attiyah and Aref Taifour, to "observations and views on the work of the constitutional amendments of the House of Representatives and the findings. Almchidani emphasized during the meeting that there is no "red lines" in the work of the amendments except that preserves the unity of Iraq and Iraqis and push the political process forward. " Meanwhile Haysom said that "the constitutional amendments reached some conclusions and resolved many of the outstanding issues, But some other issues are still under discussion. " He said "the importance of reaching parliamentary blocs and leaders of various political forces to a political agreement on the issues at stake to enable the Commission to submit its report to the Council next Monday 21 of this month." He explained Haysom "difficulties and obstacles" facing the Committee's work, including how to access it helps to "develop formulations that satisfies all parties," He pointed out that "the chances of success possible, but it is incumbent upon all political parties not to raise its basic red and make concessions to come to a median then meet everyone and guarantee the interests of all components of the Iraqi people as well as the promotion of the concepts of national unity and the will of coexistence." It was discussed during the meeting Abta legal interpretations concerning the legal deadlines under Article 142 of the Constitution to determine the possibility of extending the work of the Commission, if necessary. The committee comprises 29 members constitutional reviews of the House of Representatives representing all Iraqi political groups represented in it, this committee has been granted a period of four months for the constitutional amendments demanded by some political quarters where it is hoped to conclude its work next Monday.

(Sal/Aki)

(Sal/Aki)

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

Originally Posted by rvalreadydang

www.dinarbanker.com - IMF is not putting pressure on monetary policy

IMF is not putting pressure on monetary policy
IMF is not putting pressure on monetary policy

March 29, 2007

Iraqi Central Bank governor, Sinan Shabibi, denied that the strict monetary policy, pursued by the Central Bank, being a result of pressure by the International Monetary Fund; he pointed out that the policy falls within the framework of the Central’s monetary reforms currently taking place in Iraq.
<!--[if !supportLineBreakNewLine]-->
<!--[endif]--> Shabibi explained that the strict policy of the Central was adopted as a result of the hard conditions experienced by the Iraqi economy, and the hyper-inflation which is causing substantial damage to the monetary economy that is affectin the value of the contracts; this has negatively affected the estimates related to the budget. He pointed out that the policy of “the Central” aimed at achieving price stability by using its monetary tools, like raising the dinar exchange rate against foreign currencies and increasing interest rates, that would lead to a reasonable indicators of inflation which has become a threat to the country's economy and development.

Shabibi linked the success of this policy to the stability extent of the consumer price through liquidity management.

He praised the State budget of the current year, in terms of its allocations, disbursement and its dimensions of development and investment; at the same time, he warned of the economic imbalances that will accompany the spending of the budget.

Shabibi emphasized the need for a mechanism to monitor the implementation of the budget, particularly its investment side, pointing out to the need for the ministries to abide by the financial ceiling allotted to them in the budget. In the area of economic reforms, Shabibi called to activate the productive sectors and increase their growth rates, to meet local market demand, provided that it does not result in an imbalance in the economy

Wow... so much has happened in the last six weeks (or so) since this article came out!!! I do not recall any of the articles being so specific in the wording when it came to "raising the dinar exchange rate against foreign currencies"...I don't know how I could have missed this, but this is totally awesome!!! Thanks for digging this up again.


Patty

Kirkuk Governorate Council decided to address the Council of Ministers on

(صوت العراق) - 14-05-2007

(Voice of Iraq) - 14-05-2007

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Kirkuk Governorate Council decided to address the Council of Ministers on article 140 of the Iraqi Constitution

14-5-2007

Chaired by Mr. Erskar the President of the governorate of Kirkuk met jointly to the members of the legal and the Article (140) West Asia Kirkuk Governorate Council to discuss the resolution adopted by the Council at the last meeting of the Provincial Council meetings in the hall on the decisions of Article (140) to address the Iraqi Council of Ministers and on Monday approved 5-14-2007

And confirmed attendance to address stakeholders, including the Council of Ministers to expedite the implementation of steps to implement Article 140 of the Iraqi Constitution.

:

After discussions and debate was approved the following steps :

1-decision to send a formal letter to the Secretariat of the Council of Ministers on the application regarding the normalization of the situation to restore areas withheld from Kirkuk to the governorate of Kirkuk and are areas (Kalar - Kifri - Tuz Khurmatu Cem-Jamal) and returning to Mosul Zab Osh thigh Ran to Irbil.

2-develop areas evacuated from Kirkuk (entrust their Qarah-Chuan-Yayji)

3-lifting note to the Secretariat of the Council of Ministers to add another five million amount to the amount of compensation to the inhabitants of the villages and wards and districts of the deportees being the most affected.

4-expediting the issuance of decisions to address the implications of the cancellation of contracts agricultural base of article II of the fourth paragraph of the book circulating issued by the Secretariat of the Council of Ministers on the resolutions of the Commission on Implementation of Article (140) of the Constitution.

5-demand formation of the discriminatory extraordinary Council of Justice to hear the property dispute in Kirkuk.

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

Originally Posted by davzgirl

Wow... so much has happened in the last six weeks (or so) since this article came out!!! I do not recall any of the articles being so specific in the wording when it came to "raising the dinar exchange rate against foreign currencies"...I don't know how I could have missed this, but this is totally awesome!!! Thanks for digging this up again.


Patty

LOl i don't remember seeing this, but i know it had to have been posted before, i likey!