Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

The United Nations wants a bigger role in Iraq

(صوت العراق) - 12-06-2007

(Voice of Iraq) - 12-06-2007

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The United Nations wants a greater role in Iraq and fears for the safety of its staff

UNITED NATIONS (Reuters) - A report distributed Monday that the Secretary-General of the United Nations that Ji Moon wants to play international organization a bigger role in Iraq but was forced to withdraw its staff from the south and proposed setting up a new building for the United Nations inside the Green Zone to provide protection for workers in Baghdad.

He said that in his report, which was distributed to fifteen Member States of the International Security Council that "if conditions allowed, I will consider expanded role and presence in Iraq, wherever this is possible."

The American ambassador to the United Nations Zalmay Khalilzad had had stated in an interview with Reuters last month that the United Nations should become more involved in reconciliation efforts in attracting domestic Iraq's neighbors to help stabilize the country.

But both Khalilzad had and that were not specific on what specifically required in addition to the legal and political activities and the current election.

And that was fired last month, the International Conference on Iraq in Sharm el-Sheikh, Egypt, for the collection of financial assistance to Baghdad by the regional countries.

The security situation has prompted the United Nations to withdraw its staff from the port city of Basra in southern oil export country in a time when British forces to withdraw from the Basra Palace base to the airport situated on the outskirts of the city.

But that he is exploring the possibility of building a new headquarters for the United Nations in Basra in the future and increase the United Nations staff working in Erbil in the north.

At the same time he said that to provide protection for United Nations personnel residing in the Green Zone in Baghdad is questionable because of insufficient "protection from above" that can resist rocket attacks.

Therefore, "the only long-term solution to this dilemma is the rapid construction of the complex could endure construction materials necessary to provide safety for steadfastness in the face of far-reaching effects of the guns."

He said that the new building would "make a difference to be between the United Nations is unable to act effectively in the future and be forced to curtail operations due to security risks unacceptable mission now faces."

He added that the measures are taken quickly to the construction de****e the high costs projected for that "there is no other practical alternative if the mission had to continue their operations."

The Green Zone is the most fortifications in the capital, but it is being exposed to the attacks increasingly using mortars and rockets.And these attacks have become more precise and more bloody in recent months and stems from some Shiite neighborhoods nearby.

On August 19 August 2003 was the bombing at the United Nations headquarters in Baghdad, killing 22 staff from the International Organization and visitors, including the head of mission Brazilian Sergio Vieira de Mello.

By Evelyn Leopold

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

reimbursement rates exceeded 80% since its foundation in 2004

21 billion dinars loans for farmers from the agriculture

Baghdad-Mustafa Majeed

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A fund lending farmers affiliated to the Ministry of Agriculture, said that the rates for repaying the loans granted to farmers for the past four months ranged from 40 to 100% for some regions, while the amounts of loans made since the beginning of the establishment of the Fund in 2004, more than 21 billion dinars, benefiting approximately 11 thousand farm families and by pay College exceeded 80% during the same period

A source said the board of directors authorized the Fund special permission to "Assabah" : The rates of reimbursement over the past four months in the 23 provinces of Iraq were all good in general, where peasants hit in seven regions nationwide proportions, starting with 90 to 96% with rates paid six regions, starting with 81 to 89%, pointing to the payment of 73% of the loans in four regions and areas are paid Qurnah, Tikrit ratio 53% occupied Hashemite percentage least in terms of payment of 40%, noting that the Agricultural Bank branch in the Alaatifih and Mahmoudia Eslva not yet any loans. The price of Source efforts peasants in Mosul, Abu Sukhayr, Sinjar who paid 100% during the same term, saying that the security conditions, which he described as stable otherwise did not prevent farmers from borrowing from the bank's branches in those areas and then pay the dues paid in accordance with the terms stated. It identified the source of loans granted by the Fund since its inception in June 2004 until now estimated at 21 billion and 171 million dinars through ten thousand and 892 treatment advances, noting that the outstanding amounts so far by the peasants will hit 774 million dinars, while the reimbursements six billion and 990 million dinars, pointing out that the percentage of the total payment of a receivable exceeded 80% for the same period. considering that successful project lending to small farmers adopted by the ministry

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

three aircraft added to the fleet soon Iraqi

Baghdad-haven Secretary
The Iraqi Airways planes that will spend at airports instead of the Iraqi airports neighboring states soon and it is awaiting the arrival of three aircraft to add to its fleet will be created with the opening line of Bombay, Delhi, Baghdad and calligraphy Baghdad Frankfurt and calligraphy Baghdad Stockholm in the coming months.

Captain Hassan struggle general manager Iraqi Airways said in a press statement : (The company is preparing to provide secure areas for harbor at airports instead of Mbaitha Iraqi airports in neighboring countries, pointing out that Iraq possesses five airports in Baghdad, Mosul, Basra, Erbil and Sulaymaniyah, as well as Najaf airport to be established soon.
He said the company had contracted with suppliers for the supply of three Boeing aircraft will be added to the fleet will pass through the crisis of transport pilgrims to the Holy Land and said : The Cabinet approved the purchase Boeing aircraft that enable lines of the opening of new lines with European countries since the airports do not receive only specific types of planes with the technical specifications and quality of our planes were old, it was not possible to open lines with European countries and now, after approval from the Council Iraqi ministers will be able to decline in most European airports.
As for the reasons behind the rise in wages tickets Iraqi Captain struggle : The high cost of travel is for the cost of security and the removal of subsidies on fuel and the fact that aircraft leased lines that adds additional payments on ticket prices, pointing out that the prices of Iraqi least 30% of their prices.

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

$ 493 million for ten projects Anjazkhmasseh service in the country

BAGHDAD - Omar Abdel Latif
The Commission approved its strategic outlook for the reconstruction of the Ministry of Planning and Development Cooperation 15 projects out of 17 projects had been put forward by Iraqi ministries and international bodies cost : $ 493 million

An official source in the ministry said in a press statement yesterday : The 37th meeting of the body, headed by the ministry advisor Dr. Fayeq Ali Abdul Rasul witnessed the ratification of the 15 projects including a project to strengthen basic health services for women and children in three provinces and assist victims of conflict in northern Iraq and the rehabilitation of public ho****als in Ramadi and Tikrit, and the strengthening of health services in Muthanna governorate on behalf of the Ministry of Health at $ 61 million as well as a project to build a small energy Bykhal Erbil Governorate and the establishment of a housing compound in Halabja to the Ministry of Construction and Housing and establishing laboratories for multiple languages at the Universities of Dohuk and Sulaymaniyah at a cost of nearly $ 14 million.
He added that the meeting which was attended by representatives of international organizations and agencies operating in Iraq and representatives from Iraqi ministries and institutions approved the draft rehabilitation of schools and the development of capacities for the promotion and preservation of access to primary education and the building and institutional strengthening of the Muthanna governorate on behalf of the Ministry of Education cost eight million dollars and solid waste management project in the provinces of Baghdad Basra, the Ministry of Municipalities and Public Works cost of six million and 317 thousand dollars as well as a joint project between the Ministries of Planning and Agriculture for the creation of employment in small-scale industries in the Ninawa cost four million dollars and the establishment of units and the establishment of the Internet unit of information technology in the universities of the Ministry of Higher Education and Scientific Research at 1.5 million.
The source said that the reconstruction and agreed in principle to industrial projects and strategic agricultural cost $ 50 million and the establishment of a residential complex in Halabja cost another $ 48 million to the Ministry of Construction and Housing in Kurdistan and the draft of the Ministry of Communications at 300 million dollars pointing out that the authority would cooperate with ministries concerned with these projects negotiate with donors to find funding for them.
This body has been postponed two projects submitted by several ministries to incomplete information, data and detailed studies, as confirmed by the source

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

Director of Iraqi Stock Exchange : the retreat of the value of the shares of 30% in 2006 and optimism improvement Baadalantha linking electronic trading network
بزنس10/06/2007Business and Economy-10/06/2007

برسBaghdad file Press

.The Executive Manager of the market Taha Ahmed Abdul Salam circulation indicators show a decline in circulation in the past year, compared to the previous year for several reasons instability, insecurity and the worsening problems associated with the daily lives of citizens and the retreat of the performance of a few companies Iraqi troop. ولفتفيها.He pointed out that Abdel-Salam, this did not prevent the continuation of the ongoing work plans in the market and continuing circulation of investors.

.Vkdartva number of shares registered in the "market for securities Iraq," of 432 billion shares, especially with 85 companies in 2005 to 774 billion shares by 93 private companies at the end of last year. while the market value of the shares traded 3160 billion dinars (2.136 billion dollars) in 2005 but declined losing 30% of its value to 1949 billion dinars ($ 1.5 billion), and the price index of shares traded was 38209 points at the beginning of last year. closed down to 25288 points at the end of the same year.

.Abdul Salam explained that the efforts were sincere and sound in order to preserve the gains of vital market reflected in the recording market in the "Union of Arab capital markets" in June last year because of its impact on the development of a culture of the Iraqi Stock Exchange and the development of legislation and regulations prevailing and raise the efficiency of their performance, in addition to activating the media activities of the market through the issuance of capital market newspaper.

".The Executive Director of the "Iraqi Stock Exchange" to the success of the Board of Governors in obtaining financial aid from donor countries, estimated at more than seven million dollars in 2006, allocated for the development of mechanisms dealing in the market, By way of circulation manual to electronic trading through the signing of an agreement with the company "or VX or" Swedish that have already implemented automation projects in 30 Arab and international bourse, to provide the market system "Horizon" electronic trading system and the central filing system "Equator".

.He pointed out that within the plan of this project, a direct link between the "market for securities Iraq" and the "body securities" and the sites of mediation offices, businesses, banks and non-governmental organizations, in addition to linking the network with nationwide circulation after opening the rooms are electronically connected to the location of the market in Baghdad and then move to link globally.

.He confirmed that Abdul Salam fraud internal networks in the market ended, and the training plan to the requirements of these regulations is expected to be completed on a large scale include the President and members "of the securities" and the Board of Governors of the market and associate


What does all this mumbo jumbo mean?
مدير البورصة العراقية : تراجع قيمة الأسهم 30 % عام 2006 وتÙ�اؤل بالتØ*سن بعدالانتهاء من ربط شبكة التداول الاليكتروني

Moqtada Sadr visited the highest religious authority in Al-Najaf home

Sistani bless efforts sternum trend in convergence between Sunnis andShiites

Najaf, Hussein Kaabi

Encouraged religious authority Grand Ayatollah Ali al-Sistani, the endeavors of the sternum trend towards the convergence of views and to heal the rift between the Sunnis and Shiites in the country, stressing its support for the step and blessing them

This came during a meeting yesterday, the first Friday allowing Mr. Muqtada al-Sadr at his home in the old city of Najaf, which brought it to discuss the overall political and security situation in the country, focusing on the most important problems and obstacles that stand in the face of advancement of vital services provided for citizens.

A source in the office of Sayyid Ali al-Sistani said that Mr. Sadr visited the highest religious authority in order to check on his health to the discussion of the overall situation in the political arena and Iraqi security, and exchange information on those situations.
For his part, the spokesman for the office of Mr. Sadr in Najaf martyr Sheikh Salah Al-Obaidi, in a telephone conversation with "Sabah" that the visit was within the normal visits by the generosity of Mr. Sadr for allowing Mr. Ali Sistani pointing out that the objective check on the health of Mr. al-Sistani, essentially, in addition to reviewing the current situation prevailing in the country.
Obeidi pointed out that the main axes, which were reviewed at the meeting was the role of the reference about the problems and crises faced by the country at the forefront of security chaos, and lack of services, as parties stressed the need to have a reference to religious Supreme positive role in the development of appropriate solutions to lift the suffering of the Iraqi people.
In regard to moves taken by sternum trend of convergence with the Sunni parties political and non-political, Obeidi explained that Mr. Sistani encouraged these endeavors Park efforts that will entrench national unity.
In this regard, the spokesman said that the latest meetings on the subject was a week ago, has joined Sunni and Shiite parties, including the delegation of the current sternum, and there are positive steps in this area, and de****e the fact that there are not encouraging reactions from some parties to the initiative of Mr. Sadr in convergence, but we are still waiting for positive initiatives.
The source did not give further details on the visit, the first issued since the return to emerge two weeks ago, after a period that lasted about four months

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

Originally Posted by Hkp

Baqir Jabr Al-Zubaydi confirm Iraq's commitment to the Convention

(Voice of Iraq) - 11-06-2007






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MERCIFUL

The Ministry of Finance
Media Bureau
A press

Baghdad

11/6/2007

(Baqir Jabr Al-Zubaydi confirm Iraq's commitment to the Convention (SBA) with the International Monetary Fund)

Mr. Zubaidi Baqir Jabr Finance Minister that fiscal policy pursued by the Ministry of Finance to lift the pace of implementation of the budget 2007 budget Alastthmarihetruckzt particularly for the provision of basic services for the Iraqi people and completing reconstruction of infrastructure and activate the Iraqi economy and particularly the activation of the private sector to increase its role in the development of the Iraqi economy, This came during the Maaleh chair to the Iraqi side at the meetings held in Amman for the period from 4 June 10, 2007 with IMF experts to conduct a review of the implementation of the Fifth Iraq's obligations under the Convention on the back (SBA), signed by Iraq with the International Monetary Fund in December of 2005 0

He explained Mr. Finance Minister in the opening speech that Iraq was committed to the completion of all obligations under the Convention on the (SBA) signed with the International Monetary Fund, where efforts are being made to complete things so special, pointing out that the Ministry of Finance had to hold conferences and meetings Althinaihmua Gentlemen of ministers, deputy ministers and Gentlemen conservatives over the past four years of follow-up project implementation rates for providing services to citizens and to combat unemployment and building the infrastructure of the country where the ministry has launched special funds for the implementation of the investment budget and the development of mechanisms to facilitate the exchange and the opening credits of that 0

Added Finance Minister cadres that the ministry had prepared the financial statements on the implementation of the budget for the first quarter of 2007 and submitted to the IMF experts, this has completed the financial committees which have been formed from the Ministry of Finance and the Office of Financial Supervision and advisers Albernek Point of the special subjects manual accounting and classification of the budget and will soon be finalized and prepared formulas Mr. Finance Minister that the Supreme Committee which was formed to follow up and supervise the implementation of the project (surveying workers) in the State the preparation of the payroll, had discussed the schedule for the implementation of the project with design rules and forms for the collection of information required to 0

He reviewed by the Minister of Finance and the Ministry of Finance following up with the members of parliament (Finance Committee) in order to speed legislation amending the new retirement pointing out that the ministry is currently working on a strategic modernization of the tax system includes the development of the current system and expanding the tax base for example, introduction of new taxes such as sales tax ( value-added) and taxes on the phone with the modernization of the tax administration ministry is also considering tax customs, as well as follow-up to restructure banks has been appointed as special auditors checked the bank accounts of the Rafidain and Rashid for 2006 had been received several offers for that selection will be better and follow the banks contracted for the application of banking system in order to provide comprehensive and improving banking services offered to citizens, explaining that the ministry has succeeded by providing small loans to artisans and industrialists Sagarmen and beneficiaries of social welfare soft to enable them to carry out activities which provide them with appropriate access and thereby raising the standard of living in addition to activating the private sector activity and increasing contributions to the economy Iraqi.

Finally, Mr. Minister of Finance, he had been successful in re-structuring of a number of institutions and industrial companies Assembly (economically feasible) through the provision of loans from banks on commercial basis for the purchase of equipment necessary for its operation.

This has participated in the meetings Mr. Iraqi Central Bank Governor Sinan Al-Shabibi, who dealt in discussions of monetary policy followed by the bank to reduce inflation and stabilize prices through the use of various tools of monetary policy, including exchange rates and interest rates also took Mr. Saad Alhayani Ambassador of Iraq in this meetings note that the technical cadres of a number of Iraqi officials in the Ministry of Finance, Planning and oil, trade and industry, minerals and the Ministry of Labor and Social Affairs and members of the House of Representatives (Finance Committee), in addition to representatives from the Rafidain Bank and Rasheed Bank and Iraqi commercial and the Department of Taxation and the General Customs Service and the retirement had been experts met with the International Monetary Fund over 4 6-8 for substantive discussions included the implementation of the budget in 2007 and in particular the investment budget and the results achieved during the first quarter of this year and the action taken by the oil sector to increase production and exportation rates, which is the main source of finance and budget, the most important steps taken to provide products oil and Law liberalization of the import of petroleum products into force meetings also touched on procedures ministries to provide basic goods and services to minimize the suffering of the Iraqi citizen, as well as the network of social protection and the number of poor families that have been covered by this network.

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

quite the meeting.

"...Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar is still at low levels because the exchange rate is stable. We are waiting for the exchange rate to change and if this does not happen belated foreign transfers will be transferred which will lead to a rise in demand for the dollar."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday..."

The auction traders have seen a steady, incremental change in the dinar value for months. Now the value is locked at 1260 and undoubtedly, traders are holding their breath, waiting anxiously for the next move.

Will it be a return to tiny, incremental changes? I don't think so. The small changes while creating stability, haven't created wealth. And if it doesn't happen, the disappointment could lead to a renewed interest in USD.

That would be unfortunate, as we know that the IMF has strongly suggested that the CBI move to dedollarization - a strong preference for dinar over USD.

I believe traders are waiting for the big move.

Originally Posted by billknows

"...Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar is still at low levels because the exchange rate is stable. We are waiting for the exchange rate to change and if this does not happen belated foreign transfers will be transferred which will lead to a rise in demand for the dollar."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday..."

The auction traders have seen a steady, incremental change in the dinar value for months. Now the value is locked at 1260 and undoubtedly, traders are holding their breath, waiting anxiously for the next move.

Will it be a return to tiny, incremental changes? I don't think so. The small changes while creating stability, haven't created wealth. And if it doesn't happen, the disappointment could lead to a renewed interest in USD.

That would be unfortunate, as we know that the IMF has strongly suggested that the CBI move to dedollarization - a strong preference for dinar over USD.

I believe traders are waiting for the big move.

Got a Link for this. Would like to see it. When posting Articles in the "Think Tank" if possible, please provide a referrence link, Exspecially of this level of talk. Thanks-neno

Neno check post 179 original post by pips