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

Originally Posted by livefree

Got me kind of worried!
When mainstream financial people are asked about the Iraqi dinar, it is not good news.

Remember it is an Expert Opinion....They have those too.

Originally Posted by cooldolphins

Yeah, but I also am the kind of person who wants to give this person the benefit of the doubt and not harass him/her if he/she wants to continue to post. I believe what he/she said about it being a hurt son who did that.

Good point,

You can't please everyone, but more than a few asked for it to be closed, and it was obviously a vulgar violation, so we try to follow TOS the best we can under the circumstances. No problem if vulgar words are eliminated, but when this many people complain, we have to do what we feel is best for all.

Good luck and health to all, MIke

Economic : the internationalization of financial markets
14.05.07
Imad Principality

The rate of financial return motive foundation sought by the investor who is a key factors in moving the capital and move from one area to another or to another state

Although the capital has always tended towards ((better profitability)) and this situation applies in the process of movement of capital through a combination of certain portfolio investment, whether from within the local market to another within the state or in the domestic market to international market, therefore, it has become necessities successful transition of foreign investment capital in order to employ them in various sectors of the country, provides many of the elements that affect the rate of return achieved for investors in the international capital.

And experts agreed the economy to provide three conditions for the success of the investment process through a transition foreign capital, the first is the ((better rate of return)) and the second relates to the degree of risk reduction and the third seeks to clarify the balance between benefit and risk, longer rates axis President path toward capital and particularly at the international level, because it is known that the capital moved from the region with low interest around the region with high interest.

The other factor in the movement of capital is the changes in exchange rates as an exchange rate of a country's economy as the mirror which reflects price levels for the local economy to foreign investors because the change in exchange rates would mean a change in the prices of assets and local revenues. and for us in economic imbalances in the economy in the past decades, the Iraqi example and realistic terms reflected the instability of exchange rate instability in the local asset returns, in the same context with the inflation rate on the balance of the monetary value with the real value of all investments.

Therefore, we believe that foreign investors prefer to operate in a market low inflation in order to achieve a real high at the same time investor looking always for the financial markets, which enjoy a high degree of liquidity, this liquidity reflects the rapid circulation of securities in the market, and therefore investment and success requires appropriate economic environment to attract capital ...

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Parliament : Vice Iraqis talked about the role of the Kurds in contributing to resolving the Iraqi problem
14.05.07
Baghdad-Khalid Qattan

The importance of the role that parliamentarians can play Kurds solving crises experienced by Iraqis in other parts of the country, stressing the necessity to contribute as all Iraqis a meaningful contribution and active in resolving the Iraqi problem


The deputy said Dr. Mahmoud Othman, the Kurdistan Alliance List, that the Kurds are not party to the Iraqi problem on the existing arena, and said we want to contribute to a part of the solutions to the problems plaguing the Iraqi situation, and added, this does not mean that we do not have a problem, Osman believes that everyone involved in the problems, and stressed that the Kurds are not party to the problems of sectarianism and sectarian conflict.

He also said, "We do not impose any solution on any party, but we have extensive efforts in the convergence of views, and there are efforts by President Jalal Talabani in an attempt to gather political opponents to the same table and alleviate reactions occurring between the parties, as well as the efforts of the President of Kurdstan region Massoud Barzani, where he called several times to Kurdstan political parties to find a solution and understanding things that are different, as well as creating understanding between Sunnis and Shiites, in addition to the efforts of the President of the Kurdistan Alliance list in these topics,

He pointed out that these efforts are he could offer and contribute to the Kurds and have no other solution.
He continued Osman saying : We have forces of the army and of Kurds and the duty to maintain security in areas of Baghdad and, in general, people are satisfied with the performance. He added : We are a party of compromise whether we are in parliament and government to advance the political process, and to have good relations with all parties.

It is believed that the dangerous situation in Iraq, emphasizing the Iraqis to make their next two or three months, and added we hear statements from several political parties whom Tariq Hashimi and other politicians, the need for political action in order to arrange the conditions and provide stability in the country.

A new experiment and pioneer
She said she facilitating Almchidani, the Iraqi Accord Front, during our visit to Erbil in the last year with a delegation representing the parliament and the government, we met members of the National Council in the Kurdistan region, and explained to us the Vice President of the Council that the Kurds are an integral part of Iraq. There were extensive discussions and exchange of views between the two sides on many issues, including the issue of troops s expenses and the introduction of the budget of the Ministry of Defense, as well as Article 140 of the Iraqi Constitution.

She added : We have found the experience to plans adopted by the province in completing investment projects and developers, and the intention to convey the experience of the Kurdistan to the other provinces of Iraq at least stable in the center and south. She pointed out that experience in Kurdistan new experiment and pioneer in the development, and all components of the Iraqi people from the Arabs, Kurds, Sunnis, Shias were discussions and talks revolve around one axis, is how to address the current situation of Iraq and the lifting of the fact the Iraqi citizen.

She explained that the Kurdish side had pledged that he will raise the flag that will be determined according to the Constitution over government buildings official in the Kurdistan province, and the Kurds refuse to secede from Iraq, according to Al Khalifah] They replied they would want Ijserwa relations between them and all the Iraqi parties,

But this requires time and education so that the Kurdish and Barakith belonging to the country. Almchidani confirmed that the Kurds must be part of the solution to the Iraqi problem, because their interests will be harmed if stabilize Iraqi situation in general, as Moisentham financial income depends on the Iraqi state, and achieved economic recovery in Iraq would cause them well, according to Almchidani.

Iranian and Turkish pressure
It is believed Deputy Rashid Al-Azzawi, the Iraqi Accord Front, the Iraqi Islamic Party, that the situation is different between what has been found in Kurdistan, and other parts of Iraq. He said that the brothers started in Kurdistan since 1991 to the day in building their big and experienced conflicts, especially between now bipartisan in Kurdistan, but this is not the real solution.

He added Azawi We are looking forward to another real solution for the Kurds, and said, we agree with the federal front Kurdistan and giving the Kurds their rights. He added that the Kurds had contributed to the solutions of the Iraqi regime, but this situation is very difficult and complex, which unaffordable Kurdish political leaders, as well as politicians that the Iraqis can not find a solution to the Iraqi crisis.

He explained that the Kurdistan region is caught between several quarters, Iran and Turkey party from another party, and by virtue of their presence at this site, the officials Kurds observe these two interests, in order to be connected to positive on the Iraqi issue, and felt that there was pressure on the Iranian and Turkish Kurdistan Regional government, limit the positive intervention of Kurdish politicians in resolving the crisis in the Arab areas of Iraq

Learning from experience Kurdistan
The MP said Falah Hassan Chanchal, the Iraqi Alliance list, Block Chest : I met with Massoud Barzani, brother of Kurdistan Democratic Party leader, said, we are an integral part of Iraq. He added Chanchal : Kurds part of the Iraqi problem has assured us that they seek every effort as political leaders represented by President Jalal Talabani and Kurdistan President Massoud Barzani to contribute a meaningful contribution to the solution of the Iraqi problem.

He pointed out that President Barzani had visited Baghdad several months ago and bring up the subject of views between all parties to achieve national reconciliation and end ongoing conflicts among some segments of the Iraqi people, and he has made serious efforts, in the treatment of the troubled political situation, in addition to the efforts of President Jalal Talabani for the stabilization of Iraq. It is believed that politicians Chanchal Kurds may have contributed

Serious and effective in dealing with many complex issues on the Iraqi arena. He also said Iraq is a country of March democratic process resulted in the House of Representatives, and the government of national unity, there is experience and stability in Kurdistan since 1991 and the stability of 15 years, a period which benefited from the brothers together in the process of stabilization, building their sophisticated manner.

He pointed out that there is a significant administrative and upgrade in government institutions in Kurdistan. He hoped that officials in the Iraqi government and the provincial assemblies would benefit from the experiences of the Kurds in the administration building and community development. He continued, it is not

Can a person comes here from Kurdistan and the Kurdistan convey the experience to central or southern Iraq, but members of district councils to go there and benefit from the fact art and experience to the task of Kurdistan, and must be cross-fertilization and convergence between all parties. Pointing out that the Iraqis now desperately need to develop themselves and administratively explain wonderful model for state institutions.

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European Union pledges its support to help Iraq plan
(Voice of Iraq) - 15-05-2007

European Union pledges its support to help Iraq reform plan
D Brussels. B. A : European Union pledged yesterday to support the implementation of an ambitious international plan aimed at helping the Iraqi economy, pointing out that the treaty important for the development of relations between Iraq and its partners.

He said the Foreign Ministers of the European Union to launch the current document to the International Covenant Iraq «is encouraging in the hope that contribute to the improvement of the situation in Iraq». Under the wide-ranging treaty, Iraq undertook to the international community for the unity of Iraq within five years in exchange for substantial assistance. He commended Ministers of the European Union on Iraq «of the ambitious commitments made by» in the plan to support reforms in the political, security, economic and social affairs.

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Deputy Sunni distributed to members of Congress and documents accuse Al-Maliki

(صوت العراق) - 15-05-2007(Voice of Iraq) - 15-05-2007
ا
The killing of two American soldiers and seven Iraqis
The Jordanian monarch Cheney affirms support for Iraqi reconciliation efforts
وThe participation of the various communities in the political process
Deputy Sunni distributed to members of Congress
‏The document accuses Iran Maliki claim to liquidate his rivals

لأنباء‏:Oman Salim meanings, Baghdad and Washington news agencies :

دAmerican soldiers and Iraqi policemen examine the site of a car bomb explosion in Baghdad
ا‏The Vice-President Dick Cheney American tour of the area yesterday, a quick visit to Jordan during which he held talks with Jordanian King Abdullah in Aqaba on the thorny issues of the Middle East, especially Iraq and the Palestinian-Israeli conflict and the growing Iranian influence in the region.
‏The Jordanian Royal Court announced at the conclusion of a visit that lasted 3 hours confirmed that King Abdullah stressed to Cheney to support anything that would end the violence in Iraq and putting it on the road to stability.
‏The statement affirmed that Jordan supports efforts to achieve national reconciliation and the participation of all Iraqi sects of the Iraqi people in the political process, and pointed out that the stability of Iraq is in the interest of Jordan in all countries of the region.
‏The statement also said that talks with King Abdullah and Cheney Turning to the nuclear capabilities of Iran, and Jordan witnessed the opposition to any military action against Tehran and support to end the crisis peacefully, in order to spare the region further tensions.
‏With regard to the situation in the Palestinian territories, the Jordanian monarch, called for setting a timetable for achieving concrete progress on the ground, pointing out that time is not in the interest of any of the parties, and the tour Cheney had lasted six days, during which he visited the UAE, Saudi Arabia and Egypt.
وف‏.‏In Washington, The New York Times on America that a number of Iraqi representatives Year roam the corridors of Congress to emphasize the necessity of the withdrawal of American forces from Iraq, and to clarify responsibility for the escalating violence and terrorism and the Iranian influence, the newspaper explained that the MP Mohamed religious one Sunni members of the delegation presented to members of Congress and supporting documentation correlation government Iraqi Prime Minister Nuri al-Maliki death squads and receive orders from Iran.

signature of al-Maliki calls on Iran to get rid of the 13 charged in Parliament by any means, including physical liquidation.
‏The other document showing the Prime Minister advised the Iraqi Shiite Moqtada Sadr secret that the leaders of militias affiliated with it in Iran or sent to the South during the period of application of the security plan in the Iraqi capital.

‏On the ground, the American Army admitted the killing of two soldiers yesterday after bomb attacks north of Baghdad, bringing the number of dead American army since the beginning of the 3393 invasion of whom 42 soldiers since the beginning of this month only.as killed and five others injured in a bomb explosion when crossing person, and in the capital Baghdad, two Iraqi soldiers was killed and four others wounded in a car bomb attack targeting an army checkpoint in Al-Mansoura, west of Baghdad, as Masroehem Two people were killed and others were injured in the explosion of two car exploded first mined Karadah area Aalthanet center of the capital and in Palestine Street in east Baghdad, and killed 3 of the elements of the national police, including an officer in an armed attack targeted their patrol in the center of the city of Baquba.

‏.‏On the other hand, embraced the Islamic State of Iraq controlled by the Al-Qaeda attack that targeted the headquarters of Kurdish northern Iraq, and resulted in the deaths of at least 50 people.

‏For his part, denounced Iraqi President Jalal Talabani, the same attack, describing it as another dark page wrote the forces of terrorism in its bloody.

‏In London, British Prime Minister rejected the next Gordon Brown to withdraw his country's troops from Iraq immediately to put an end to the reports of the British press that he will issue a decree to withdraw upon his arrival at the helm of power.
جريدة الاهرامAl-Ahram newspaper
Translated version of http://www.sotaliraq.com/

Rafidain Bank .. Job performance absorbed all the banking patterns

عبد العزيز حسون

Abdel Aziz Hassun

the midst of difficult times the world was going through during the years of World War II (1939, 1945), Iraq was one of the sites of conflict international mission in addition to the internal conflict and severe disturbances which clashed during political currents, and the natural product of what is around us and the world around us.

In spite of all that has been overlooked organizers aspects of the constructive things seem even sure it was supported by all the importance and priority of the Beijing sacred Attnehem traffic when any obstacles or impediments.

It is very difficult to imagine that our violent events that are still hesitant about stories did not prevent the establishment of the first Iraqi trade bank to start work on 1941 / February 5.

Rafidain Bank was established by a special law, which included articles included in the foundations of the concept of sober banking, as defined rights of the owner who is (Ministry of Finance) and guaranteed the rights of depositors of companies and individuals, according to prevailing in the world of foundations and safeguards.

Above all, autonomy in the banking, which prevents any whatever including the owner intervene in the administration or banking. The bank's board of directors is the highest authority, adopts its policy on the bank, working methods and powers, The Department implementation. It emphasizes serenity, which was based bank is that the bill included to send the Council's resolutions, which have been diagnosed or details covered in the law to the Minister of Finance for approval. If the minister objected to in whole or in part, it brought before the Security Council again, the banner was nothing for Asrali minister if they insisted on the other objection is not to invoke the Council of Ministers to issue its decision thereon. Thus, the construction and management of conditions for Aikhil one at present it was occurring in the times were not where college or trade Awadarah economy was not yet in the number of graduates from universities Economic Studies foreign much. the nominal capital of the bank is (500) thousand dinars paid by the Finance Ministry amount (50) thousand dinars patch only on the account were spared the balance but pushed the bank paid-up capital to the decision of its resources during the next four years, the bank began opening branches in the provinces, Basra and Mosul alone Fkrkouk rest ...

In addition to the spread of its branches in the suburbs of Baghdad and moved well outside Iraq, Beirut, Damascus and Aleppo, Amman and the most important is to be the first Arab Bank in London, which was the most important global financial center at the time to be there through branch, which opened in November / 1951. the professionalism is most notable for the performance of the bank through the Department absorbed patterns administrative prevailing in the banking world at that time through the use of the expertise of one of the international banks which ancient Midland Bank MIDLAND BANK British founder mid-1800s, , which has remained cooperate with the bank through the building of the work was the most important quote from the Rafidain Bank World tradition is the adoption of the accounting principle of restrictions on the distribution of two (cash) and (calculated), in addition to the training opportunities provided to employees under the bank generously to the early 1980s when it ceased management of the bank but failed to continue to use these opportunities for reasons difficult to address now. the bank site is limited to the corner in which it has subsequently tower, which rises to fourteen storeys and the place was ready to work with the bank branch was occupied (BANC DI ROMA) Italian lock before making it easier for the bank drawing characters the first battalions windows rail, which was designed by a RB. then there were banks in Iraq, but it branches of foreign banks such as Bank of East who was serving as the TREASURER of the Iraqi currency, which was then the currency issue and the British Bank of the Middle East and the Ottoman Bank which, as we are subsidiaries of banks abroad widespread then, what shows us clearly that the Rafidain Bank when it was facing real challenges and serious.


We can imagine the amount of effort made by the first generation to take the bank a foothold in the market. A bank of the world famous professional accountant (WINNY Murray) monitors accounts where there were no regulatory or supervisory authority on the work of specialized banks-as provided for banks Control Act which was issued in 1939 , which mandated the implementation of the Service income tax.

For the purpose of strengthening the financial position of the bank, it began allocating capital reserve, and headed for the purchase of real estate and construction of premises for its branches including the current president, where the bank bought the land on which the building gradually Chairperson part as part consisted of a package of properties undulating borders and tighten the four-storey main building except vaults taken Khsaina building area of approximately (18) thousand square meters and furnished with electrical elevators and furniture air is the first in Iraq and the building opened in 1953 It is amusing to recall that the green marble, which was to cover the outside of the building was imported from Italy of the most famous species is CARRARA, Italy, when he was no piece of it was damaged or lost the bank requested a replacement from the factory after CAS them to maintain a cruise color and harmony Veins. I ask the indulgence of the reader of the Koran and in Aitzmer I did not get into the details of the bank's role in the market, but Astumaiha excuse to give all this background, to convince him to create all these airspace not a luxury not in vain but helped and strengthened the spirit of work and kept the fire smolder and unruly over the decades, and this is consistent with the words of the poet who applies : (Everyone give beautiful Grainy and everywhere germinate Ezz good) and the share of the bank in the market, , which has grown at a time when Iraq saw signs of economic growth after the war has ended, The opening of new branches of the Arab and foreign banks in addition to the establishment of private Iraqi banks. the number of commercial banks Iraqi and Arab and foreign banks (11) and was one of the Rafidain Bank. and because of the spread of its branches in Iraq, has become the official agent of the Iraqi Central Bank vaults in the management of the governorates and opening accounts for the government services are exclusively promoted its financial position increased deposits which are still to currently hold a high percentage of the total deposits with the banking system, Iraqi and thus the ability to grant credit in all its forms and that it can not Balahgoum two commercial banks there. The bank assets grew to very high levels, which set in place (65) among the first thousand largest bank in the world by year 1983 in the classification prepared by the magazine (The Bankers) specialized, The bank assets hit that year, equivalent to about (69) billion dollars. It is ironic to note here, we in the field figures to the magazine Arab Banks issued by the Union of Arab Banks in Beirut published statistical year 1996 similar to the first 100 largest Arab Bank and occupied Arab Banking Corporation in Bahrain priority is not to exceed assets equivalent to (27) billion dollars. The magazine then alerted to this paradox and the wide disparity between the two cases. The nationalization of banks (1964) a heavy burden on the Rafidain Bank after he was forced to be the only commercial bank in Iraq to bear all these burdens inflicted in the wheel of the state apparatus, which has greatly impacted on my own banking business, which gained during the quarter century after it began interventions by various government affecting the accounts commitments entered into without considering the rules and customs.

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

an invitation to use Balabrahimi to reach a political settlement in Iraq

بغداد - متابعة الصباح

Baghdad-up morning
An American official confirmed that the United States use trafficker nations such as Lakhdar Brahimi to reach a political settlement in Iraq.
The Republican senator Chak Hegel, in a meeting with the American network CBS moved to Radio Sawa that it is necessary to reach an agreement to end sectarian violence

He added there will be no peace in Iraq unless concerted regional efforts in a unified effort to calm things down, to be Iran and Syria part of this settlement, this is better than the situation that we are now because we have trouble with our ally Saudi Arabia because of Iraq. As our military remains there for the training, Border Patrol and chased Qaeda elements

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

Originally Posted by notazbad2000

Ask the expert: US dollar

Published: May 11 2007 11:56 | Last updated: May 14 2007 15:24



.................................................. .................................................. ........................................
Q: What is your take on the future of the Iraqi dinar?
John Anderson, Florida
MC: The future of the dinar rests on the future on Iraq. A couple of years ago, some reporters called me and asked me to comment on someone’s call that the Iraqi dinar was going to appreciate. That all the bad news was known. I think a purchase of Iraqi dinar on some hope is not an investment but a lottery ticket. The key to an investment seems to be risk management. How is that risk to be managed? It also begs the question of how markets work.
They are not simply the withdrawal of the government. Just like strong fences make good neighbours, strong markets require a government that has a monopoly on the use of force, transparent rules, and strong regulation. As Adam Smith and David Riccardo appreciated, it is really about political economy, not just economy.
.................................................. .................................................. ........................................


Just got this in an email.

Is it me or did this answer sound like some sort of politician-type answer? He really didn't really say if he thought it was going to appreciate or not. My brother, (Certified Financial Planner) , gave me the same round-about answer 2 years ago.

Almchidani watching amendments to the Constitution

Ashraf Qazi warns of failure and the final report next Tuesday

Agreement on a federal or otherwise profoundly Uprooting

بغداد - الصباح

Baghdad-Sabah.

Close to the Constitution Review Committee on the completion of the modifications allowed by Article 142 and refer the information to the agreement on the issue of federalism, Arabism and Iraq needs to Uprooting Touches simple by source in the Commission

It seems that the subject has attracted amendments concerns Speaker Dr. Mahmoud Almchidani Representative of the Secretary-General of the United Nations in Iraq Ashraf Qazi. And spare MP Abbas Al-Bayati decision of the Commission on amendments in an interview to "Assabah" say : that the final form it will be submitted to the presidency of the parliament on Tuesday, the 22nd of this May, although the law imposes on the Commission to complete its work today, Tuesday,.

Bayati said : that the controversial articles transmitted to the heads of parliamentary blocs to crystallize a unified vision to avoid the outbreak of any contested in the future. However, Bayati did not explain what the new formulations, which has been agreed to by the articles editor However, he stressed that the committee members agreed on the final wording of federalism and Arabism of Iraq, and remained there observations simple as chopping supposed resolved yesterday, Monday,.

It was the parliament has formed a committee to review and amend the constitution according to article 142 of the Constitution and the committee includes representatives from all segments of the Iraqi people, and chairs the Committee, Sheikh Humam Hamoudi with Dr. Iyad al-Samarra'i occupies the post of Deputy Chairman of the Committee. Bayati explained that the chairmanship of the Committee yesterday submitted a preliminary report to the Presidency of Parliament to ensure what has been done since the formation of the committee and the articles that had been discussed and agreed upon during the meetings. For his part, Dr. Salim Abdullah deputy and member of the consensus agreement was reached on the issues of federalism and uprooting the Baath and the Arabism of Iraq, pointing out that the question of abolishing the Baath require some finalized.

He told Abdullah "Sabah" that the Accord Front supports what has been modified, unlikely rejected these amendments. It heard House Speaker Dr Mahmoud Almchidani to observations and views Nicholas Haysom director of the Commission of Constitutional Support of the United Nations, on the work of the constitutional amendments, He Haysom during the meeting with House Speaker presence VP Sheikh Khalid Al-Attiyah and Aref Taifour in a statement received (morning) a copy yesterday that the constitutional amendments have reached some conclusions and resolved a lot of issues, but some other issues are still under discussion, He explained the importance of reaching Haysom leaders parliamentary blocs and the political forces of different political agreement on the issues in dispute, to enable the Commission to submit its report to the Council and the official volitional difficulties and obstacles facing the Committee's work, including how to access help him to develop formulations that satisfies all parties. So Ahab representative of the Secretary General of the United Nations in Iraq, Ashraf Qazi, members of the Committee to reach a consensus.The judge in a statement on the intention of the United Nations to help Iraq reach out to the Constitutional Review Commission in its efforts to address the fundamental constitutional issues which form the core of a federal system in Iraq and how it works, any balanced sharing of powers between the federal government and regions, The development of a fair distribution of oil revenues in all parts of Iraq.

The statement quoted the judge claim that all parties must demonstrate a spirit of compromise which discussed for the success of the constitutional review process succeed, as they must continue this process until a decision is taken, at the same time, and warned that failure to do so means that the constitutional review process will carry the seeds of dissension to the farthest extent. The judge concluded the statement by saying : ultimately must receive any adjustments resulting from the constitutional review process with the consent of all entities and blocs leaders, what poses a significant challenge at the same time indicating that the leadership will make this process successful building block for real national covenant and the proper treatment of a provision in the Constitution and the improvement of working more effectively is not a waiver of any bloc or entity, but that everyone will come out the winner if achieved.


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