Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Originally Posted by rvalreadydang

المركزيThe insistence to continue the monetary policy of the Central Bank
25/05/2007Business and Economy-25/05/2007










قال.He said the Iraqi Central Bank Governor Sinan Al-Shabibi that the goal of monetary policy is to achieve price stability and be done by enhancing the effectiveness of the work of all sectors in order to meet the social needs of goods and services, and explained that the Central Bank is issuing new currency and did not want to fall, and there are important economic implications behind the monetary policy, especially at the level of stability in Iraq economically. NEW NOTES???

و .Shabibi and pointed to inflation, which rose to record rates in past years have witnessed relatively stable in this year amounting to 45%, and the Central Bank has succeeded in forming a high cash reserve amounted to 21 billion dollars. he is a good sum could in turn contribute to the creation of a stability reassuring.

و .And statements come in light of the opposition expressed by the broad economic circles, particularly in the private sector, as well as experts and spe******ts about the tight monetary policy, and tried to prevent the activation and revitalize economic sectors because of raising interest rates to more than 23%. and the rate is unprecedented in any nation at the regional and global levels, The inflation indices to be calculated incorrectly, so that the results seem positive formality while inflation rises in practice as prices remained volatile for the major commodity groups involved in the account.




المصدر : الملف برس - الكاتب: الملف برسSource : file-Presse writer : file Press

اصرار على مواصلة السياسة النقدية للبنك المركزي

Is he talking about lower denoms??? Notice he doesn't say replacing currency he says issuing, it has to be the lower denoms!!

That's my take on this as well. This goes along with the new catgories idea. As long as the translation here is tight this is great news.....

Kurds support new oil law, a key benchmark
Agreement to share oil wealth could open economy to new investments

SULAIMANIYAH, Iraq - Kurdish authorities have agreed to back a draft law to manage and share Iraq’s vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.

Approval of a new oil law could help open the way for international oil companies to invest billions to upgrade Iraq’s decrepit wells and pipelines and exploit the country’s reserves, among the world’s largest.

The bill also provides a formula for distributing revenues among all major ethnic and religious groups, easing Sunni fears of being cut out of a future bonanza because their central and western homelands lack extensive reserves.

Massoud Barzani, president of the self-governing Kurdish administration in the north, announced the agreement at a joint press conference with U.S. Ambassador Zalmay Khalilzad and President Jalal Talabani. Barzani said he and Talabani had discussed the latest draft law by telephone with Prime Minister Nouri al-Maliki.

“We reached a final agreement,” Barzani said. “We accept the draft.”

Delay in adopting deal
There was no comment on the announcement from Khalilzad or Talabani, and Barzani did not elaborate. It was unclear whether new concessions had to be made to win his approval.

Al-Maliki’s government had promised to enact a new oil law by the end of 2006 but missed the deadline due to objections from the Kurds, who wanted a greater role in awarding contracts and administering the revenues.

The Cabinet discussed the draft Thursday but failed to agree. Once the Cabinet signs off, the measure goes to parliament for final approval once the legislators return from a recess early next month.

Kurds agree to share Iraqi oil wealth - Conflict in Iraq - MSNBC.com

dont forget the WTO meeting TODAY to discuss the ascession of iraq to full market status!!! woOTTT!!!!

Originally Posted by fredgwest1999

JUST SAW THIS ON THE PARLIAMENT'S WEBSITE...

PARLIAMENT IN SESSION SATURDAY FOR MEETINGS?

At the same meeting, the vote on extending the coverage of the National Assembly and members of the House including the aforementioned Act, as of the date of their oath.

هذا وقد رفعت الجلسة عند تمام الساعة الثانية وخمس واربعون دقيقة على ان تعقد الساعة الحادية عشر من صباح يوم السبت المصادف السادس والعشرون من ايار 2007.

This has fully meeting rose at two and forty-five minutes to hold eleven on the morning of Saturday, the twenty-sixth of May 2007.

NO IDEA AS TO WHAT WILL BE DISCUSSED BUT WE CAN PRAY THAT IT IS SOMETHING MORE IMPORTANT THAN THE BELOW FROM THURSDAY:
SORRY EDITORIAL COMMENT INCLUDED JUST ABOVE

Translated version of http://www.coriraq.net/ara/default.aspx

THIS IS WHAT THEY TALKED ABOUT ON THURSDAY

With regard to topics on the agenda have been the first reading of a series of projects and proposals for legislation :

The first reading of the draft law Tmbak housing plots for judges and
the first reading of the proposed law distribution of land to university professors and
the first reading of the proposed law abolishing a wealth Command Council dissolved (No. 844) of 1987 and
the first reading of the proposed law abolishing a dissolved Revolution Command Council (No. 315) of 1990 and No. 30 for the year 1993 and 38 for 1993 and
the first reading of the proposed bill on the cancellation of the Revolution Command Council resolution No. 1220 of the dissolved in 1984 and 61 for 1988, 69 for 1994 and
the first reading of the proposed law abolishing a dissolved Revolution Command Council No. 56 of 1994 and 70 for 1994, 74 for 1994 and
the first reading of the proposed bill on the cancellation decision Revolution Command Council dissolved No. 172 of 1989 and amended by calling 179 for 1971 and Resolution No. 1177 of 1975 and Tadelet calling 177 for 1991 and
the first reading of the proposed bill on the cancellation of the Revolution Command Council resolution No. 206 of the dissolved in 1991 and
the first reading of the proposed law abolishing a Revolutionary Command Council dissolved No. 349 for the year 1991 and
the first reading of the proposed bill on the cancellation of the Revolution Command Council resolution No. 199 of the dissolved 2001

At the same meeting, the vote on extending the coverage of the National Assembly and members of the House including the aforementioned Act, as of the date of their oath.

Originally Posted by wciappetta

Ohhh go a head give it a rub and make a wish........

WOoTTTT!!!!!

raq aims for membership in WTO

--------------------------------------------------------------------------------

GENEVA - Iraqi membership in the World Trade Organization would send a powerful message that the country has emerged from decades of international exclusion under Saddam Hussein and is on the path to economic development, its trade minister said Friday.


Abed Falah al-Sudani told ambassadors meeting in Geneva for first discussions on Iraq's bid to enter the 150-member commerce body that "joining the WTO is an important step toward integration into the global trading system and restores its position with the international community after decades of isolation from the world," according to a copy of the statement obtained by The Associated Press.

Iraq applied for membership almost three years ago, and a WTO negotiating group was established in December 2004. Membership is not expected for years to come.

"We were very pleased with this meeting," U.S. Ambassador Peter Allgeier told the AP. "We look forward to working with the (Iraqi) delegation to make this a successful process."

WTO ambassadors from the European Union, Japan and other countries also asked questions of Iraqi officials presenting a report of its progress in harmonizing its trading rules with international standards.

Trade officials stressed that the current security situation and political instability in Iraq means it is premature to talk about any timetable for accession. The first meeting focussed on political support for the Iraqi government, rather than the tough reforms it needs to make, officials said.

"As you know, there is much to be done," al-Sudani conceded.

But he noted that the Iraqi government was still able to generate economic growth over the last two years "despite the current circumstances Iraq is going through."

Since U.S.-led forces toppled Saddam's regime in 2003, Iraq has taken "rapid steps" to develop a market economy from a state-planned economy, boosting private enterprise, economic freedom, employment and free trade, al-Sudani said. He said Iraq was hoping to gain the WTO's assistance in the transition.

"Iraq's membership in the WTO sends a positive signal to the people of Iraq that they are welcomed back and that the world really cares about their welfare," al-Sudani said.

Iraq aims for membership in WTO - Yahoo! News

they are issuing new currency, smaller denoms. BECAUSE THEY PASSED THE PENSION LAW AND ARE REVALUING LIKE I SAID!!!!

Originally Posted by fredgwest1999

Central Business and Economy-25/05/2007 Baghdad file-Presse said the Iraqi Central Bank Governor Sinan Al-Shabibi that the goal of monetary policy is to achieve price stability and be done by enhancing the effectiveness of the work of all sectors in order to meet the social needs of goods and services, He explained that the Central Bank is issuing new currency and did not want to fall, and there are important economic implications behind the monetary policy, especially at the level of stability in Iraq economically. Shabibi and pointed to inflation, which rose to record rates in past years have witnessed relatively stable in this year amounting to 45%, and the Central Bank has succeeded in forming a high cash reserve amounted to 21 billion dollars. he is a good sum could in turn contribute to the creation of a stability reassuring. And statements come in light of the opposition expressed by the broad economic circles, particularly in the private sector, as well as experts and spe******ts about the tight monetary policy, and tried to prevent the activation and revitalize economic sectors because of raising interest rates to more than 23%. and the rate is unprecedented in any nation at the regional and global levels, The inflation indices to be calculated incorrectly, so that the results seem positive formality while inflation rises in practice as prices remained volatile for the major commodity groups involved in the account. Source : file-Presse writer : file Press
Google Translate

Here is the original arabic if someone wants to try..

الملف برس قال محافظ البنك المركزي العراقي الدكتور سنان الشبيبي ان هدف السياسة النقدية هو تحقيق الاستقرار في الاسعار و يتم ذلك بتعزيز فاعلية عمل جميع القطاعات من اجل تلبية الاحتياجات الاجتماعية من السلع و الخدمات، موضحاً بان البنك المركزي هو الذي اصدر العملة الجديدة و لا يريد لها الانخفاض، و هناك مضامين اقتصادية مهمة تقف وراء السياسة النقدية، لاسيما على مستوى استقرار العراق اقتصادياً. و اشار الشبيبي الى التضخم الذي ارتفع الى معدلات قياسية في السنوات الماضية في حين شهد استقراراً نسبياً في هذا العام وصل الى 45%، و نجح البنك المركزي بدرجة عالية في تكوين احتياطي نقدي وصل الى 21 مليار دولار، و هو مبلغ جيد يمكن ان يسهم بدوره في خلق نسبة استقرار مطمئنة. و تأتي هذه التصريحات في ظل معارضة واسعة تبديها الاوساط الاقتصادية، لاسيما في القطاع الخاص، و كذلك الخبراء و المتخصصين ازاء السياسة النقدية المتشددة و وقوفها حائلاً دون تفعيل و تنشيط القطاعات الاقتصادية بسبب رفع اسعار الفائدة الى اكثر من 23%، و هو معدل غير مسبوق في اية دولة على الصعيدين الاقليمي و العالمي، كما ان مؤشرات التضخم يتم احتسابها بصورة خاطئة بحيث يتم التوصل الى نتائج تبدو ايجابية شكلياً في حين ان معدلات التضخم ترتفع في الواقع العملي لان الاسعار ظلت ملتهبة بالنسبة للمجاميع السلعية الرئيسية التي تدخل في الحساب. المصدر : الملف برس - الكاتب: الملف برس

اصرار على مواصلة السياسة النقدية للبنك المركزي

SGS, did the Pension Law passed today? Thank you.

Originally Posted by DontDenyDatDinar

Iraq applied for membership almost three years ago, and a WTO negotiating group was established in December 2004. Membership is not expected for years to come.

Iraq aims for membership in WTO - Yahoo! News

now isnt that odd because they are having a WTO meeting TODAY on iraqs accession in full market status to the wto. hmm, wonder how that happened???

Anyone thinking the same thing here....!!

Announcement of new currency..Friday....by sunday RV announcement.....as they surely won't give us speculators more opportunity to gather more Dinars..on cbi opening again....come on RollsRoyce, SGS and others are we there yet..!! Sorry if I sound a little excited..!!

Trade officials stressed that the current security situation and political instability in Iraq means it is premature to talk about any timetable for accession. The first meeting focussed on political support for the Iraqi government, rather than the tough reforms it needs to make, officials said.

Heres a deeper one !! That sucks !!!.........so much for WTO any time soon .....

This is from Old skier!!__________________