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

Iraq Industrial Revitalization Continues

The Conservative Voice - [18/05/2007]

Defense Department task force is in Baghdad again this month working with the Iraqi government to revitalize Iraq's industry and restore normalcy to the economy.

Paul Brinkley, deputy undersecretary of defense for business transformation, briefed reporters in Baghdad today, highlighting the group's latest efforts, including bringing international business leaders to Iraq and giving loans to Iraqi businesses.

"Our process is to engage these industrial operations, to get them restarted, to help restore intra-Iraqi demand and the ties of commerce that existed before," Brinkley said. "We are working in partnership with the government of Iraq to reestablish between different areas of the country, but also to provide access for the global community, the global economic community, to these industrial operations."

The team, which has been visiting Iraq since May 2006, has spent four and a half weeks in Iraq on this visit, Brinkley said. During that time, the Defense Department brought a group of 15 business executives from the Western and international communities to Iraq to engage with Iraqi business leaders and develop economic partnerships.

Brinkley also announced that the Defense Department, in partnership with the Iraqi Ministry of Industry, is offering low-interest loans to Iraqi businesses. These fixed-term loans, totaling $20 million, will go to boost revitalization at about 24 businesses, he said.

"This is part of our effort to partner with the government of Iraq, to restore industrial operations, to reemploy sizeable numbers of people in Iraq, and to restore normalcy to areas of the country where stability exists," Brinkley said.

Yesterday, Army Gen. David H. Petraeus, the commander of Multinational Force Iraq, visited a large textile factory in Najaf where 1,800 Iraqis have returned to work, Brinkley said. The clothing made in that factory is being reviewed by Western retail outlets and probably will appear in Western retail outlets by this fall, he said.

"We continue to work on contract negotiations with Western retailers as well as heavier industrial operations in the West who are negotiating with the minister of industry and directly with plant managers here in Iraq to move work here to acquire goods made in Iraq, and we continue to see progress on this front, and that's a very exciting development," Brinkley said.

Fawzi Hariri, the Iraqi minister of industry and minerals, also spoke at the news conference, highlighting the importance of the task force's work to the Iraqi people. The ministry of industry is working to open Iraqi business to investments from the Arab world, Hariri said, and is working with the U.S. to bridge the gap in technology that has developed in recent years.

"The team from the Department of Defense and the job they're doing by supplying us and providing us with support, this is the thing that we welcome, and it is so tangible by us, and it's one of the basic things that we've witnessed," Hariri said through a translator.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3790

The Egyptian Electricity Minister confirmed his country's readiness to help the electricity and energy sector in Iraq
18 / 05 / 2007

Iraq Cairo -- (KUNA) - Egyptian Minister of Electricity and Energy Dr. Hassan Younis his country's readiness to provide all the possibilities of the Egyptian electricity sector to help the electricity and energy sector in Iraq.

A statement by the Ministry said Yunis said that in his meeting today with a visiting delegation from the Ministry of Electricity adviser to the Iraqi ministry headed by Hassan Leap.

Yunis pointed to the fruitful cooperation between the two sides in the preparation and implementation of training programs for the rehabilitation of Iraqi cadres in different functional areas of electricity, including an administrative support of the rebuilding of Iraq.

For his part, praised the Kubaisa During the meeting the distinguished relations between the two countries in energy and electricity sectors, pointing out that most of Iraqi personnel working in the fields of electricity and energy on training courses at the hands of trained Egyptians.

He expressed the desire to increase cooperation through the implementation of new training programs for about five thousand Iraqi engineers and technicians.

He is scheduled to visit the Iraqi delegation a number of projects for the Egyptian Electricity and electricity companies and control centers

The Vice-President Tarek Hashemi Jordanian capital Amman on Thursday evening, 5-17-2007, to participate in meetings of the World Economic Forum for the Middle East.
و .And it is hoped that His Excellency participates in meetings to be held on the sidelines of the Forum, and to be attended by political and economic leaders, Arab and foreign, to discuss a number of issues of concern to the Middle East region in general, especially the security situation in Iraq and its effects on the whole region, in addition to discussing other central issues at the international level.

Iraqi Presidency

Originally Posted by Lunar

I pulled up an article from back in April that backs your conflicting report theory....

Iraqi cabinet approves oil draft law
30.04.07

(MENAFN) The Iraqi Prime Minister said that the Iraqi Cabinet accepted a draft law which states how Iraq's oil profits will be shared, it will also outline terms of how foreign oil agencies will be able to operate in the country, Iraq Development Program reported.

Under the terms of the new draft law, the Iraqi National Oil Company (INOC) will be independently functional and joined with oil companies around the country.

Iraq's Deputy Prime Minister stated that the oil sector's profits will be put in a central account and distributed according to population and that the draft law will be put into action by the end of this month.

MENAFN - Middle East North Africa . Financial Network News: Iraqi cabinet approves oil draft law

the cabinet did approve the law back then. what we currently are awaiting and what they are having conflicting reports about is the oil law in PARLIAMENT. it goes from cabinet, to parliament, to presidential council.

Susie, after Pesidential counsel Where does it go? and what effect will it have on the RV of the DINAR?

Susie, I forgot to ask You do you guys have sunlight yet?

Originally Posted by bob1940

Susie, after Pesidential counsel Where does it go? and what effect will it have on the RV of the DINAR?

cabinet approves and passes, parliament discusses votes and passes, presidential council enacts. if laws are not enacted by presidential council within 30 days of their receipt they are 'automatically' enacted. so after presidential council it is officially an enacted law.

im not in alaska currently but it is light almost all day now, from about 11:30pm to 3 or 4am is the only time it is dusk, other than that the sun is in the sky shinin. (not counting rain days)

Hi, I'm not sure what date this was posted or written, by it makes an interesting read. The link below sometimes comes up and at times it doesn't.


The dollar and the dinar exchange and the game

Abdul Ali Salman

Despite the dollar's exchange rate stability in Iraq, but gold prices started to move in the country

This surprised many who assumed the fixed price of gold in accordance with the fixed dollar exchange rate Indeed, the rise in the price of gold due to the fact that there is high demand for purchase and replacement of dollars

.

This is a stimulus for the discussion of the fact the strength of the dollar, based Allam.

It is useful to remember that the dollar currency-covered, ie, with no gold or hard currency equivalent. It was just hard work for a large and strong.

In this resembles the ruble in the former Soviet Union, which was the equivalent of anything beyond its borders, which means that the United States could buy anything and the establishment of projects that wish once printing paper of a particular type in the form of dollars, including explains why the lack of a sense of the United States or any alarm attention existing debt often echoed the Americans say they are indifferent indebtedness because they are required to pay off their debts in their home currency (dollar), they would print any amounts that want to pay off their debts, but that might cause inflation and the dollar loss of purchasing power.

The United States has a precedent in this matter as little notes and Minister for Foreign Affairs of France, in the presidency of Valery Giscard d'Estaing, the United States requested in the 1970s of the oil producing countries to raise the prices of oil, and perhaps this is because of the Shah of Iran, the nationalization of oil in the country in the 1970s.

The Minister for Foreign Affairs of France by the lack of economic feasibility at the time of the American companies for the extraction of oil extraction rise in the cost versus cost in some very low-lying countries, which amount to four dollars per barrel. While the cost of oil extraction times.

For the purpose of providing cash the United States has issued special editions of dollars that are not introducing these amounts printed specifically for the United States fearing inflation cash.

It is important to monitor the status of the dollar in the world and strength of purpose to act correctly Bmujudatna dollar.

The strength of the dollar lies in the United States military and political influence in the world, not only economic power, and tests to demonstrate that the strength and weakness of currencies in the world sometimes subject to the decisions of purely political and sometimes reflect economic power.

The American dollar the best proof of that, as well as the yuan (Chinese currency), which kept low for the purpose of expanding exports of goods which is opposed by many economists Americans.

In Iraq, there was a strange situation with regard to the dollar exchange rate. There Saran is the first formal deal by the State within its institutions and was confined candidates where officials spent the Iraqi dinar against 3.33 dollars.

The price is the second was rolling in Alcheorgh offices and currencies and the disposal takes a strange emerged as a category of senior state officials behalf of their children and their women in alliance with other multinational security hegemony on the market and adopted a plan very simple and they used their agreement to raise the dollar exchange rate and rushing to the disposal of dollars Maldehm and after falling exchange rate stick magician Visareeton to buy dollars to be returned after the ball (This explains why Thalkhm power and vigorously in order to return to it).

This has helped conduct to absorb large quantities of very dinar, which has printing houses of issuing money, which is equal to the value of the paper printed on them, and there were no controls economic and financial determined to reduce the amount of printed when the print shop workers are in agreement with the engineers and Inspection committees sending quantities of Iraqi currency.

It has argued that the reason for that was the desire of some disturbance (Aldolarjeh) in bringing the dollar replace the dinar. He is succeeded to a large extent.

But at the moment it is quite to the contrary have been frozen since the dollar exchange rate at a certain extent. The object objecting that this procedure might make the exchange down from high to approximate exchange rate for 1500 is $ dinars.

But economic developments in the world, including the rise in oil prices as well as the dollar exchange rate fluctuated in the world and the rise in gold prices against the dollar with the possibility of declining growth rates in the event of the withdrawal of American troops from Iraq, which American companies are forced disarmament and military equipment, clothing, food and oil companies to cut production to add to all this high indebtedness of the United States, which will be in the event of its desire to pay off their debt to the issuance of a new series of dollars, which will greatly influence the dollar's exchange rate.

...

For all these reasons, with corresponding in Iraq were paying a lot of debt and the end of the era of war that drained Iraq's riches with the return of the Avia dinars ...

For all of these reasons was assumed in the case siding with economic feasibility by the central bank regardless dollar at one thousand Iraqi dinars or leaving the exchange rate free. What we are witnessing today is slack in the market movement was mostly due to the exchange rate, which is not realistic.

Insisting it may be possible because of the individual interests of the ruling classes of new levies dollar salaries or deliberately introduced to a high exchange rate would enable them to live well-being and Bb*kh not ask after that the ration of sadness for the Iraqi today.

Translated version of http://almadapaper.com/sub/12-561/p19.htm

Originally Posted by shotgunsusie

the cabinet did approve the law back then. what we currently are awaiting and what they are having conflicting reports about is the oil law in PARLIAMENT. it goes from cabinet, to parliament, to presidential council.

I realize it goes to parliament after the cabinet vote....which is where they claim it to be now but it was the comments re: "the Iraqi Cabinet accepted a draft law which states how Iraq's oil profits will be shared" and "the oil sector's profits will be put in a central account and distributed according to population and that the draft law will be put into action by the end of this month." I was referring to. They claim the Kurd's are still arguing this point although the April 30th article states it has already been decided.

Originally Posted by Hkp

Hi, I'm not sure what date this was posted or written, by it makes an interesting read. The link below sometimes comes up and at times it doesn't.


The dollar and the dinar exchange and the game

Abdul Ali Salman

Despite the dollar's exchange rate stability in Iraq, but gold prices started to move in the country

This surprised many who assumed the fixed price of gold in accordance with the fixed dollar exchange rate Indeed, the rise in the price of gold due to the fact that there is high demand for purchase and replacement of dollars

.

This is a stimulus for the discussion of the fact the strength of the dollar, based Allam.

It is useful to remember that the dollar currency-covered, ie, with no gold or hard currency equivalent. It was just hard work for a large and strong.

In this resembles the ruble in the former Soviet Union, which was the equivalent of anything beyond its borders, which means that the United States could buy anything and the establishment of projects that wish once printing paper of a particular type in the form of dollars, including explains why the lack of a sense of the United States or any alarm attention existing debt often echoed the Americans say they are indifferent indebtedness because they are required to pay off their debts in their home currency (dollar), they would print any amounts that want to pay off their debts, but that might cause inflation and the dollar loss of purchasing power.

The United States has a precedent in this matter as little notes and Minister for Foreign Affairs of France, in the presidency of Valery Giscard d'Estaing, the United States requested in the 1970s of the oil producing countries to raise the prices of oil, and perhaps this is because of the Shah of Iran, the nationalization of oil in the country in the 1970s.

The Minister for Foreign Affairs of France by the lack of economic feasibility at the time of the American companies for the extraction of oil extraction rise in the cost versus cost in some very low-lying countries, which amount to four dollars per barrel. While the cost of oil extraction times.

For the purpose of providing cash the United States has issued special editions of dollars that are not introducing these amounts printed specifically for the United States fearing inflation cash.

It is important to monitor the status of the dollar in the world and strength of purpose to act correctly Bmujudatna dollar.

The strength of the dollar lies in the United States military and political influence in the world, not only economic power, and tests to demonstrate that the strength and weakness of currencies in the world sometimes subject to the decisions of purely political and sometimes reflect economic power.

The American dollar the best proof of that, as well as the yuan (Chinese currency), which kept low for the purpose of expanding exports of goods which is opposed by many economists Americans.

In Iraq, there was a strange situation with regard to the dollar exchange rate. There Saran is the first formal deal by the State within its institutions and was confined candidates where officials spent the Iraqi dinar against 3.33 dollars.

The price is the second was rolling in Alcheorgh offices and currencies and the disposal takes a strange emerged as a category of senior state officials behalf of their children and their women in alliance with other multinational security hegemony on the market and adopted a plan very simple and they used their agreement to raise the dollar exchange rate and rushing to the disposal of dollars Maldehm and after falling exchange rate stick magician Visareeton to buy dollars to be returned after the ball (This explains why Thalkhm power and vigorously in order to return to it).

This has helped conduct to absorb large quantities of very dinar, which has printing houses of issuing money, which is equal to the value of the paper printed on them, and there were no controls economic and financial determined to reduce the amount of printed when the print shop workers are in agreement with the engineers and Inspection committees sending quantities of Iraqi currency.

It has argued that the reason for that was the desire of some disturbance (Aldolarjeh) in bringing the dollar replace the dinar. He is succeeded to a large extent.

But at the moment it is quite to the contrary have been frozen since the dollar exchange rate at a certain extent. The object objecting that this procedure might make the exchange down from high to approximate exchange rate for 1500 is $ dinars.

But economic developments in the world, including the rise in oil prices as well as the dollar exchange rate fluctuated in the world and the rise in gold prices against the dollar with the possibility of declining growth rates in the event of the withdrawal of American troops from Iraq, which American companies are forced disarmament and military equipment, clothing, food and oil companies to cut production to add to all this high indebtedness of the United States, which will be in the event of its desire to pay off their debt to the issuance of a new series of dollars, which will greatly influence the dollar's exchange rate.

...

For all these reasons, with corresponding in Iraq were paying a lot of debt and the end of the era of war that drained Iraq's riches with the return of the Avia dinars ...

For all of these reasons was assumed in the case siding with economic feasibility by the central bank regardless dollar at one thousand Iraqi dinars or leaving the exchange rate free. What we are witnessing today is slack in the market movement was mostly due to the exchange rate, which is not realistic.

Insisting it may be possible because of the individual interests of the ruling classes of new levies dollar salaries or deliberately introduced to a high exchange rate would enable them to live well-being and Bb*kh not ask after that the ration of sadness for the Iraqi today.

Translated version of AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Interesting,

I don't know if it was the few glasses of wine, or I am tired, but egads, this is the most scrambled writing I have ever read, must be that translation software again, so is it just me. lol

Good luck and health to all, Mike