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

U.S. Ambassador : The relative improvement in security conditions slow

(صوت العراق) - 16-05-2007

(Voice of Iraq) - 16-05-2007

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BAGHDAD (KUNA) : American ambassador Ryan Crocker in Iraq yesterday that there is a relative improvement in the security situation in the Iraqi capital, Baghdad.
This came in a statement to Crocker during his meeting with Deputy Prime Minister in the Office of Peace Zubai latest Baghdad.
The Crocker »his country's keenness on the unity and territorial integrity of Iraq« at the same time expressing the hope »to achieve his objectives in Iraq«.
He added : »that there is a relative improvement in the security situation in Baghdad« afterthought saying »although that improvement is progressing slowly but we can not overlook the positive developments«.
For his part, Deputy Prime Minister »hope to build relations with Washington on scientific and economic correct and in accordance with the interests of our two peoples and work as a team in order to achieve peace and security«.

الوطن الكويتية

Kuwaiti homeland

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

Maliki reiterated his commitment request bloc chest appointment of ministers

(صوت العراق) - 16-05-2007

(Voice of Iraq) - 16-05-2007

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Maliki reiterated his commitment request bloc chest appointment of ministers independent ... The constitutional amendments extend its work 10 days and use the heads of the political blocs to overcome differences

Baghdad-Hussein Ali, Omar Sattar life-16 / 05 / 07 / /

The Committee of the constitutional amendments in the Iraqi Parliament to extend its ten days of unresolved contentious issues between the political blocs, led with disagreements within the «United Iraqi Alliance» Shiite to postpone the cabinet reshuffle expected until next week.

The deputy chairman of the Committee on constitutional amendments Abbas Bayati told «life» that «the Commission decided to extend its work into next week to end some of the issues that are still under discussion between members» pointing out that «the Commission resolved a lot of issues that were the subject of disagreement between the blocs».

He added that «the Commission decided to refer the controversial articles remaining to the heads of parliamentary blocs to crystallize a unified vision to avoid a dispute in the future after which the Committee was unable». He pointed out that the final version of the amendments will be presented to the parliament next Tuesday although the Constitution imposes on the Commission completed its work middle of this month.

He said Unadim Kana, a member of the constitutional amendments for «life», the «disagreements centered on federalism and uprooting the Baath Party and Article 140 of Kirkuk» stressing the need for more time to resolve these issues. There is a sharp disagreement on article 140 of the normalization of the situation in Kirkuk between the Kurds and the Accord Front, which saw article directed against Arabs in the city and called for amendments rejected by the Kurds, considering that this breach of the Constitution».

He added that we «federalism is still a bone of contention in some of the details of the bill, especially the powers of provinces and the role of the central government», adding that «Accord Front threatened not to approve the adoption of federalism without assurances of the territorial integrity of Iraq and non-dividing future».

The spokesman «consensus» Salim Abdullah expressed the hope b «complete amendment of the constitution as stipulated in the political consensus», He informed Abdullah «life» that «one of the conditions for entering the front in the political process was to make amendments to some articles of the constitution that had been reservations about» link continuation of the Front in the political process adopt these amendments.

The director of the Committee on Constitutional Support of the United Nations demanded Nicholas Haysom, pledge in a meeting with the Speaker of Parliament Mahmoud Almchidani day before yesterday, parliamentary blocs and different political forces need to reach political agreement on the issues of disagreement and work on the wording satisfies all parties, He warned that «Failure to do so means that the constitutional review process would devolve to dissent and discord».

He said that Almchidani «ensure the success of the Constitutional Commission requires all political parties concessions and non-adherence to what some political blocs red lines» pointing out that the House has extended the work of the Committee.

According to Iraqi Permanent Constitution requires that the parliamentary expensive to prepare proposals to amend its constitution to the parliament during the four months from the commencement of its work. The Committee is composed of 29 members representing various Iraqi spectrum that the contentious points centered on the powers and the powers of federal regions and how to manage the distribution of mineral wealth and reconsider dealing with the Baath Party and the issue of Kirkuk. The Committee began its work in October last (October) and was scheduled to submit its recommendations on the 15th of May (May 5).

Elsewhere deputy bloc chest Falah Chanchal told «life» that «withdrawal from the government was conditional that the new ministers of independent technocrats, away from sectarian and partisan Ditching». He added : «The first Prime Minister Nuri al-Maliki to benefit from this initiative comes ministers be independent loyalty to the homeland and not for a range».

He explained that Chanchal «was scheduled to put names to the parliament last Saturday and then for this to the meeting last Monday because of objections made by the bloc chest names that belong to some parties».

He expected the issue to end Chanchal cabinet reshuffle next week, pointing out the «great response from the Prime Minister and components to the demands of coalition bloc chest».

The deputy «Alliance» Sami military, candidate for the post of the Minister of Transport, l «life» that «objections from within the coalition bloc led to the delay of the ministerial changes to the House» pointing out that his candidacy for the post of the Minister of Transport «faced objection from the« Supreme Council »,« Badr Organization »for believing Kony is not independent and belong to the Dawa Party, which left five years ago», He pointed out «Prime Minister's request bloc chest appoint ministers from the independents» where student opposition to the new names b «provide any evidence of the lack of independence of one of the candidates».

Al-Maliki said in a press statement that «objections to some candidates resulting from lack of knowledge, and they certainly will be lost because we investigated the efficiency and independence when all prospective candidates for ministries».

The names seven candidates for the ministerial portfolios are Sami new military transport ministries, Jaber Eissawi for agriculture, Ahmed Abbasi of Justice, Sadiq Al-Jaber of health, and Dietary Abd al-Kazim of State for civil society, Rafie inch for the provinces, and Zuhair Mohammed of State for antiquities and tourism.

Informed sources in the House told «life» that «modifications to the list last Monday, which was scheduled to be presented to the House of Representatives are nominated Rasul Sadik morning to the Ministry of Health, Hassan Saleh Jabr of the Ministry of Agriculture, rather than Saber Eissawi Secretary of Baghdad, which has apologized for the prestigious ministry.

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

Refused to deport Kurds to Kirkuk Compensation year budget

(صوت العراق) - 16-05-2007

(Voice of Iraq) - 16-05-2007

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Kurdi refused to deport compensation Kirkuk to balance next year

Sulaymaniyah - Mohammed al-Tamimi life-16 / 05 / 07 / /

The Kurdish parties Iraqi government's decision to deport compensation for Article 140 of Kirkuk to balance next year «procrastination frank and dilution of the fate of the city», with the Arab parties demanded legislation new law provides an exception of the national wealth in the event Alvediralyat insistence main political blocs bound by it.

The Iraqi government called the offices of the normalization of the situation in Kirkuk organized lists of Arabs coming to the city and deported Kurds to allocate financial compensation from their own budget next year. The two Kurdish «Patriotic Union of Kurdistan» led by President Jalal Talabani and «Democratic Party» Masoud Barzani on DECLINING «resolution entirely» as «unjust and unfair» The objective of «evade its commitments towards the government of the entire article 140».

The leadership in the «National Union» Jalal essence «'s Kurds article assessments for the draft normalization and the holding of the referendum late this year» pointing out that the government's decision is «violation of the constitution which put a watershed of the end of the process of normalization end of this year» and asked the Iraqi government «respect for the Constitution and its being a political process in the country».

In the meantime, the Council called Karkuk to be withheld from the district administrative boundaries of the province, which Kalar, Kifri, Tuz Khurmatu and Chamchamal, which included hand Zab to Mosul, causing juvenile facilitated thigh Ran city of Arbil. He stressed in a memorandum sent to the government to develop the areas evacuated, a town of Qarah entrust the hand Chuan and Yayji, and the formation of a special distinction to hear property disputes.

Part legislation Arab parties demanded a special law excludes national wealth of the Iraqi governorates of administrative responsibilities granted after approval of a Alvediralyat and placed in the state treasury to ensure that future fragmentation of the country. The spokesman for the Arab parties Mohammad Khalil al-Jabouri that «national wealth belongs to all Iraqis, and we call on the charge of the constitutional amendments legislation law in which all imports in the state treasury and the responsibility of the prime minister and the formation of a special committee to oversee accounting» He pointed out that «legislation would ensure the unity of the country as a red line that can not be surpassed».

So Parliament passed a law in the Kurdistan province by the Ministry of Culture Kurdish calls for the deployment of Islamic culture «Although the texts contained therein contrary to the basic principles of the majority of parties in parliament, such as the PUK and KDP, which votes for himself», as Deputy Erez Abdullah.

The Kurdistan Parliament to ratify the law repeatedly because of the opposition of many of its members, especially secularists, this legislation.

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

Suspected insurgents detained, weapons caches found in Iraq operations


BAGHDAD — Iraqi and Coalition forces detained numerous suspected insurgents and discovered multiple weapons caches in Iraq over the weekend, military officials reported.
Soldiers of the 3rd Squadron, 1st Cavalry Regiment, detained a suspected insurgent wanted in connection with a recent rocket attack on a Coalition forces' base near Baghdad Monday. After receiving small-arms fire, troops moved to the suspect’s house and quickly secured the area. The suspect had an AK-47 assault rifle, two ammunition magazines and a cell phone.

In the Iraqi capital Monday, Coalition forces detained a man suspected of conspiring directly with al-Qaeda in Iraq senior leaders. Inside the targeted building troops found a cache containing weapons and explosives, including bomb-making chemicals. An explosives disposal team safely destroyed the materials off-site.

Coalition forces detained four suspected terrorists in Ramadi Monday for having alleged ties to al-Qaeda in Iraq leaders. This raid was part of ongoing operations targeting al-Qaeda in Iraq's command structure, officials said.

Also, troops nabbed three individuals in Hit, Iraq, Monday suspected of supplying foreign fighters and helping them move throughout the region. Coalition forces also detained three suspected terrorists Monday near Karmah,Iraq, for allegedly aiding foreign fighters.

“We continue to actively target al-Qaeda and foreign fighter networks to reduce, and eventually eliminate, their ability to attack people and the institutions of Iraq,” said U.S. Army Lt. Col. Christopher Garver, a Multi-National Force-Iraq spokesman.

Additionally, on Sunday, Iraqi Soldiers and U.S. Army Paratroopers captured 25 suspected terrorists in an operation south of Diyarah, Iraq. The raid was aimed at suspects who military officials say are responsible for emplacing improvised explosive devices and conducting mortar attacks.

Soldiers carried out “Operation Mongoose” to capture individuals responsible for recent attacks against Coalition forces and local residents, military officials said.

Iraqi and Coalition forces are working to improve the security situation so the Iraqi people can make the tough choices and do the hard work necessary to build a secure, stable and self-governing nation. The objective is to help the Iraqi security forces reduce the violence enough to give Iraq’s people and their government an opportunity to reach political solutions to Iraq’s problems, military officials said.


Multi-National Force - Iraq - Suspected insurgents detained, weapons caches found in Iraq operations

lewscrew

Originally Posted by dinartank

Its articles that you commented on make me believe that there is no way they will rv at 1-1....so what your saying is you believe that an iraq family of 5 or more will recieve a 110,000 dinars a month which is equal to $ 110,000 dollars? EACH MONTH like the article states. A one pop shot i could see it being possible but every month no way on gods green earth would this occur.

Come on now will ya? Eighty seven bucks is what we are talking about here MAX. If you three zero lift the way the Iraqis interperet it instead of 1261 you could have 1.261 and adjust the max dinar figures accordingly. it's quite simple really. the point was that 87.00 dollars isn't going to cut it, but a three zero lift would. you were too quick on the draw to think that one out, though i see how you concluded what you did but that wasn't the thrust of the point.

Investment in Kurdistan and in the development process Doralemsarf

(صوت العراق) - 16-05-2007

(Voice of Iraq) - 16-05-2007

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Papers week long cultural : Investing in Kurdistan and in the development process Doralemsarf

Preparation : d. Majed Image

The financial and banking system in Iraq

Financial system consists in Iraq following basic points :

1- the general budget and the state's role in the economy.

2-Central Bank, banks, governmental and private.

3-market securities and non-bank financial institutions.

4-Iraqi capital and foreign.

The banking system and the stock market and non-banking financial institutions in a market-economy system is the backbone of the development of the economy. Since Iraq was trying to act in accordance with the market economy system must be working on the development of this system is suited to the needs of the Iraqi economy and stages of development.

The banking sector in Iraq at the present time (except for the Kurdistan region) consists of 37 banks, including 27 banks emerged 7 includes the participation of foreign banks and 4 foreign banks and government banks 6, after the merger of Bank of Iraq (So******t) Rafidain Bank, a decision of the Ministry of Finance. Divided banks in Iraq

1-commercial banks overall.

2-specialized banks and agricultural and industrial real estate, banks and government.

3-Trade Bank of Iraq will be responsible according to law to open credits for the interest of the state, a bank and continue as temporary charter until 2014.


We have taken the Iraqi authorities and the Central Bank of Iraq after the fall of the former regime following actions for the development of this system :


1-issuance of new laws, the law of the Iraqi Central Bank, which gives the bank full independence in the exercise of its authority monetary and supervisory authority over banks and accountable to the Legislature and became a financial agent of the government, and the Banking Act, which allowed greater freedom and autonomy to banks in decision-making and exercise activities, in terms of content is very close to the banking laws in the market economy.

2-has been setting the minimum capital of banks to list ten billion dinars and the new banks Fifty billion dinars.

3-establish an auction of foreign currency in the Central Bank of Iraq and the auction of treasury transfers on behalf of the Ministry of Finance.

4-advanced steps taken by the Iraqi Central Bank to establish an Iraqi system of payments for such transactions as they occur, including the communication system linking banks quick Iraqi Central Bank.


In addition to the actions that were carried out by the Iraqi Central Bank to regulate the working of banks and protect depositors.

The evolution of the work of banks during the past three years in spite of all the obstacles on security and political stability and the conditions of occupation, and advanced no small task and stage of evolution and began operating in openness to the global banking system, and some banks started to develop themselves in accordance with world standards. but so far failed to reach an appropriate level to the requirements of the evolution of the Iraqi economy according to the market economy system, because :

1-mismatch services provided by the Iraqi banks in terms of number and type of procedures and method of delivery and speed requirements of a market economy and weak compared with the number and type of services provided by the global banking industry.

2-twice the technological means used by banks and the lack of rapid means of communication required by the new working conditions, with the absence of sophisticated computer programs that fit with the need to develop banking and the expansion and improvement of services, and enable them to control and control daily, and in order to develop policies and strategies to avoid risks and improve performance and expand services, in many of the banks.

3-Slouchier administrative structure in a large number of banks, especially the government and the weakness of modern banking expertise because of political and social conditions and economic passed and Iraq is undergoing, which has led to the accumulation of everyday problems and the failure to implement effective controls and corrective actions.

4-rise in the volume of outstanding loans and weak financial allocations for them, and not to take drastic actions to liquidate positions guarantees a meeting due to the instability and thus economic security.


The main reason for this situation is the lack of understanding of some banks to make it clear that the purpose of lending is not obtaining guarantees, but to improve the financial situation of the borrower in order to increase revenues and enable it to repay the loan.

5-so far failed any bank Iraqi access to international classification of an internationally recognized firm

Banks in Kurdistan

According to the information available there officio Chairman banks in Kurdistan are :

1-Kurdistan International Bank for Investment and Development

2-Bank Emerald

The number of open branches in Kurdistan, government and private, and that their basically in Baghdad, 45 branches, including 27 branches of the government banks, Rashid (12), the Rafidain (10), Industrial Bank (2), the Agricultural Bank Cooperative (3), with the rest of its branches and 18 branches of banks carved eligibility. There are two branches of the Central Bank of Iraq, one in Erbil and the other in Sulaymaniyah.

The link between the Central Bank of Iraq in Baghdad, and a subsidiary in Sulaymaniyah and Erbil are not as fundamentalist, where these branches to grant licenses to banks eligibility without reference to the Central Bank in Baghdad's right to grant such licenses as the World Bank and the Banking Act. At the same time, government banks suffer headquarters in Baghdad uninterrupted communication problem between public administration and its branches in Kurdistan.


This situation has led to :

1-I use non-government banks in the Kurdistan region of the possibilities enjoyed by the President headquarters in Baghdad, the Ministry of Finance owns these banks and deprive them of contact with the developments taking place in Baghdad at the same time deny the public administrations in Baghdad of the possibilities available in the Kurdistan region and developments in this branches that might benefit them in their work.

2- Any deal fundamentalist international banks located in the Kurdistan region will be only after the confirmation of the license issued by the Central Bank of Iraq and the subordination of these banks for the control and supervision of the bank said, and the experience of the Bank of Emerald best proof of that, where some international banks refused to deal with him unless he had a license issued by the Central Bank of Iraq in Baghdad

3-isolating banks of the Kurdistan on developments in the Iraqi banking system and the global banking industry, which is limited mainly directed towards Baghdad.

The role of banks and non-bank financial institutions in development :

It is known that the banks in Iraq have preferred to exercise banks overall banking activities including the specialized banks. So far there is no significant role for Iraq market for securities in development as a result of the weakness of this market due to the weakness of the Iraqi economy in general and production and service companies that could be the basis for the activity of this market. At the same time there are significant weaknesses in the activity of non-banking financial institutions except the activity on the money exchange and remittance. To engage in a discussion banking and non-banking financial institutions compels us to recall the basic points of this activity as banking operations are service-related direct and indirect him.

1-State economy and the fiscal and monetary policy of the State as the mechanisms and tools to achieve part of this policy and not making it.

2-economy sector, which includes the activity of the institutions and individuals in all its forms.

3-economy and international economic relations and international financial

Most banks have passed since the world's problems and critical circumstances have had a negative and significant impact on the banking system in many countries and international banking relationships, which led to the adoption of urgent and decisive action to restructure and develop performance a manner consistent with the development of bilateral economic and financial relations, international institutions and formed a special organization of the work of banks and signed international conventions on the need for prudential criteria to be key indicators for assessing banks and classified.

The great international interest in the performance of banks stems from the importance of the role they play in economic relations and international financial bodies as accurate and responsibility in the implementation of these transactions, and these standards have become important conditions for any bank to implement international banking transactions and the establishment of relations with the banks, ranked internationally.

The change happened in Iraq in April 2003 Iraq has been transferred to a new phase of its evolution, the development of the banking system before the new tasks to serve the new economic principles and policies adopted market economy, The establishment of appropriate international banking relations with the requirements of the new situation and for these banks must act to respond to the requirements of this change to develop itself into a global level of the banking industry in order to gain international confidence and the implementation of new tasks assigned to it.

It is known that the commercial banks in general can Tphom attribution of economic development in Iraq through the provision of loans to various sectors of economic activity, but the work of these banks is limited mainly to provide loans of short and medium-term guarantees are sometimes unattainable, Therefore, the role generally limited to the provision of support is essential to meet the needs of working capital, and sometimes for some expansions in existing successful projects, Whatever it is it can not be based commercial bank financing their whole economic sectors of the capital, whether small, medium or large.

Therefore, in order to encourage the construction and development projects must be established :


1-investment funds specializing in small economic development projects using methods that differ from the method followed by the commercial banks, using other methods, such as method of lease (leasing) in the development of these projects, and the soft, Since these conditions must be easy to play the state (government of the Kurdistan), using the financial capabilities of the founding of such funds, It is also possible to attract international institutions that wish to support the private sector in Iraq, the establishment of special funds or funds to support subsidized by the state to carry out small-scale economic development projects in accordance with the mechanisms of the market economy.

2-establishment of banks for economic development and investment banks and investment companies usually awarded medium and large enterprises by contributing to and through attracting foreign capital and domestic for such projects. The 2006 budget allocated $ 500 million for the establishment of three development banks, one in Mosul and the second in the Kurdistan region and the third in the Basra governorate, but until now had not been implementing this project disappeared this amount from the 2006 budget there is no mention of this project in the 2007 budget, The establishment of such a bank and the support of the central government and the government of Kurdistan region in the Kurdistan region will be a catalyst to attract foreign investment and encourage domestic investment, considering that these projects will be supporting the government bank.


The main task of these banks do not carry out normal banking, but the process of investment in various economic activities. Therefore, to be entrusted with specialized administrative work to undertake studies the economic and technical feasibility of proposed projects or review the studies submitted by other parties wishing to invest and validated and conform to local conditions in addition to what is required of this work of complex international relations.

That the private sector's banks and investment companies would strengthen the State and the government of Kurdistan region to implement joint projects large, medium and the participation of foreign capital. since foreign investors prefer dealing with the private sector assigned by the State and this would enhance investment activity on sound bases, using mechanisms of a market economy. The establishment of such companies and banks in turn will strengthen the market for securities Iraq and activate its role to be a factor Sanda to accumulate capital in local and foreign market, it is feasible to establish a special securities in Kurdistan, the Iraqi branch of the market for securities markets or independent.

The establishment of such banks and companies must be accompanied by the provision of the regulations which govern the operation of these companies and banks, issued by the Central Bank of Iraq as the power to issue such regulations as the Central Bank and Banking Act.

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

Originally Posted by wciappetta

Come on now will ya? Eighty seven bucks is what we are talking about here MAX. If you three zero lift the way the Iraqis interperet it instead of 1261 you could have 1.261 and adjust the max dinar figures accordingly. it's quite simple really. the point was that 87.00 dollars isn't going to cut it, but a three zero lift would. you were too quick on the draw to think that one out, though i see how you concluded what you did but that wasn't the thrust of the point.

Ward, when you look at the article mentioned way back a few pages, here's what concerns me, too. Please explain how they can RV anywhere close to our dollar with incomes like this????

..I read of the social protection in the meeting of the House of Representatives, provides for a payment of an amount (50) thousand Iraqi dinars a month for a family consisting of one individual, and the amount (70) thousand Iraqi dinars for a family consisting of two .. .As well as the payment of an amount (90) thousand dinars for a family consisting of three members, and the amount (100) thousand dinars for a family of four, (110) thousand dinars for a family of six and over.

A month!!

Senator Hagel : oil in the heart of Iraq war

(صوت العراق) - 16-05-2007

(Voice of Iraq) - 16-05-2007

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Washington UBI : said Republican Senator from the state of Indiana Chak Hagel Oil »heart of the matter« in the American war on Iraq.
Hagel said replying to a question about the relationship of oil the American war on Iraq during his participation in the Conference »Deloitte Energy 2007« in Washington »that oil is at the heart of the matter«.
He said that without the immediate and strict disposal by the American administration, the United States may face persistent economic crises. He pointed out that public opinion and government failure in the sense of motivation result of serious crises in the field of energy caused by hurricanes last year and the result of the troubled nuclear ambitions of Iran and uninterrupted supply of natural gas, international conflicts, particularly the war on Iraq.

الوطن الكويتية

Kuwaiti homeland

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

Tourism to regain tourist utilities exploited by foreign forces


Baghdad, as-Sabah, May 15, P4
The State Board of Tourism is working to regain the tourist utilities exploited by the foreign forces and the neighboring families.

In press statement, the Head of the Board Hamoud al-Yaqobai clarified that the Ministry's State of Tourism and Iniquities had prepared new law draft for the tourism board, through which the central financing had been depended, instead of the self-financing.


ÌÑíÏÉ ÇáÕÈÇÍ - Tourism to regain tourist utilities exploited by foreign forces

Originally Posted by duck2000

why not kuwaits get more than that.

How do you know this and where can i see for my self. I want to see that a kawati familly of 5 or more just sit back doing nothing and collect over $110,000 US dollars a month..so thats like what 34,000 Kawaiti dinars a month..something like that. Please prove it to me and the rest of the members as im sure some are curious as well. Ive heard of the govt giving there citizens some money but not something that would be an eqivellent to a million US dollars a year. If you can do this it will change my opinion on alot of things about this investment. Thanks Tank