Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

Central Bank of Iraq: cancellation of three zeros from the Iraqi dinar is a long-term strategy to improve the management system of currency

(Voice of Iraq) - 26-10-2008

The Central Bank of Iraq, reports on monetary policy directed towards the elimination of three zeros from the Iraqi dinar is a long-term strategy to improve the bank's currency management system.

A source authorized in a dialogue with regard to the press section at the National Center for Information zeroes that the cancellation of the value of currencies is a case in most central banks in countries that experienced long periods of hyperinflation and mass have generated substantial monetary conditions require better economic management in a favorable and stable conditions .

On the face of criticism that monetary policy in Iraq, raising the value of the dinar against the U.S. dollar, said an authorized source "of Antvq with the view of some in raising the value of the dinar against the dollar that Iraq has a surplus in the balance of payments," explaining that "modern monetary theory in view Improved terms of trade cause, calling for combat and monetary imbalances inherited the Iraqi economy through the adoption of proven names to address the inflationary expectations to achieve economic stability and on that basis, the Iraqi dinar's value will rise."

"If we imagine to the contrary, there was a disaster in the Iraqi economy caused by exchange rate Anhfadh leading to new highs in prices and this intersects with the economic policy of Iraq at the present time, which aims to achieve prosperity and economic stability."

He went on saying, "In addition to the above, the exchange rate policy caused by external variables facing higher food prices and other goods globally, which will lead to imported inflation can not be addressed only by improving the value of Iraqi dinar and the foundations according to the terms of trade which is still working for the benefit of the national economy."

On the possibility of improving the value of domestic currency, and expectations that the exchange rate soon by a Iraqi dinars per hundred dollars, the source said that authorized the Iraqi dinar exchange rate and improve the value of conditional factors, the first being in the international foreign Tuaralaaniattiyat the Central Bank of Iraq, and the second is the level of inflation, He explained that enhance the value of Iraqi dinar to the level or goal in question had gone as we reach the level or better, but that is subject to workers above.

And on the possibility of a significant global crisis afflicting the world's banks to Iraqi banks and non-governmental organizations, authorized source said that Iraq is relatively far from the financial crisis afflicting the international financial system for many reasons, in the forefront of the international reserves of the Central Bank of Iraq is still far managed risk Investment and financial papers are far from the sovereign current market speculation.

http://74.125.93.104/translate_c?hl=...YgdSnQ5HNpfdyg

Ahhh, the ever-so-confusing translated news page. I seem to remember a similar news story but cannot think of when it was... maybe last year or the year before?

Stories like this (and most news out of the Arabic sources) are so hard to read because they have been translated by a computer... 70% of the sentences make sense. %30 make you doubt the other 70%.....LOL

Oh well, it looks like they are trying to say Iraq is not affected by the current global economic crisis, and that is GOOD NEWS.

Parliament is expected to reach a final compromise formula on security agreement

The Kurdistan Alliance MP Adel Berwari said the Iraqi negotiator on the security agreement ready to submit amendments and proposals to U.S. Secretary of State Condoleezza Rice expected to reach a final compromise formula:

Translated version of http://radionawa.com/(X(1)A(pptwC1luyQEkAAAAZWVkZWZhYmEtMjU1MS00NWM2LWI zZjQtMGQzMzdhMzZhMjA17eLxNQ6rk9vtJl__l1layx2z1hc1) )/Ar/NewsDetailN.aspx?id=23578&LinkID=99&AspxAutoDetect CookieSupport=1

MPs: Rice's visit to Iraq resolved differences Convention, 95% of the House supports the Convention and demanding minor changes
Hassani said in a statement addressed to the «time» yesterday that «Rice's visit to Iraq now comes to fueling dialogues and consultations on this matter».

Said Abdul Hadi al-Hassani, deputy Iraqi Alliance bloc, the «Rice's visit to Iraq comes within the framework of persistent efforts to end differences on the terms of the agreement.

And the differences between the components of the Convention on the Alliance bloc, and the possibility that such differences to break up the coalition at this stage, Hassani said «there are no differences within the coalition, and the reports of the existence of differences is not true, but each has a specific vision of view, so do To put forward for discussion, and therefore, all it does is a healthy phenomenon, the situation of positive ».

For his part, Azad said Bamarni, the deputy in the Kurdistan Alliance bloc, that «the visit of U.S. Secretary of State to Iraq, is aimed at resolving all issues relating to the Convention security, which has now reached advanced stages».

Bamarni said in a statement to Al «time» on the «U.S. administration realized that the present stage an important and decisive, and therefore they need people who have the highest levels, to resolve all the items and come up with compromise satisfactory to both parties», stressing that «the political forces in Iraq Now claim to present all of its potential, to consolidate the political discourse about the Convention, since this topic will be the first step to get Iraq to the seventh item, as well as other issues related to the security file and building the capacity of the Iraqi army ».

The «if they fail to sign the Convention, the situation will be very difficult, because the U.S. elections approaching, and recognizes the potential Democratic presidential».

And on the official positions of the parliamentary blocs of the Convention, Bamarni «A large proportion of parliamentarians supported the signing of security», stressing that «the ratio of up to 95 percent, but the majority call for a minor amendments to some provisions of the Convention».

The deputy, a senior Kurdish bloc in Iraq's parliament, Mahmoud Othman, found that «the lack of transparency of the Iraqi delegation negotiating the Convention, is what led to the difficulty of finding a solution». "Othman said in a statement that« the Iraqi negotiator, during his negotiations, was vague but had not seen the political blocs to what is happening, what led to a complexity to a solution, due to inform the masses on the content of those negotiations, and therefore its request for time For examination ». The «Convention needs to pass a longer time, was extended to the next U.S. administration», pointing out that «the Kurdistan Alliance wants the convention was to be consistent with national sovereignty».

Meanwhile, worries about the Iraqi street talking about that one alternative scenarios, in the absence of signing the agreement, a U.S. military support of a military coup carried out by Iraqi officers, the Prime Minister Nuri al-Maliki in the unenviable position, having failed all his attempts to build Realignment of political and popular domestic pay up to the signing of the Convention by Baghdad.

But independent MP Hussein al-Falluji, condemned U.S. threats to Iraq, where they do not sign the agreement. Falluji said in an interview with «time» yesterday that «the situation is very sensitive and free from political pressures of up to blackmail», expressing his belief that «time is not appropriate now to consider this Convention, not the United States the right to demonstrate against this disturbing Iraqi national forces opposed to the Convention ».

The Haider Abadi; deputy Iraqi Alliance bloc, the «Convention and a national security issue for Iraq, this must impose our conditions on the American side, there should be an Iraqi decision was in the supreme national interest of Iraq».

Abbadi said in a recent l «time» on «I hope that does not reach the stage where the Security Council manipulated the fate of Iraq, without the option Iraqi decision

http://66.102.9.104/translate_c?hl=e...UgQkrRVRz_hwxA

UK and Iraq seek imminent security deal

Britain's Middle East minister Bill Rammell announced that Baghdad and London might complete the bilateral security agreement before the US-Iraqi pact especially that British troops in Iraq are less that US Forces. Rammell stressed that the agreement should be completed ahead of December 25 before the current United Nations mandate for troops expires.

Speaking from the headquarters of the British State Department at his return from Baghdad and Basra, Rammell refused to set a final deadline for the withdrawal of British troops from Iraq and declined to define the number of troops that will remain in the country until early next year, saying however that troops cut down will be major and British troops will remain in Iraq as long as the Iraqi Government deems it necessary. He added that the nature of relations between Baghdad and London will be civil based on mutual interests while stressing that Britain and the International Community are concerned about Iran’s interference in Iraqi affair

http://www.alsumaria.tv/en/Iraq-News...rity-deal.html

Barzani told the Times the Americans are expected to stay until at least 2020

BAGHDAD - LONDON - The Iraqi press agency

Expect the Prime Minister Nnigervan Barzani's Kurdistan province, that the terms of the draft that talk about U.S. troops out within three years but the process of development, especially in light of the Iraqi army.

Predicted in remarks to the newspaper 'The Times' U.S. troops should stay until 2020, and noted that the Iraqi government statements on the agreement is only an attempt to show their independence.

He said the country is not slogans, he said, referring to external interventions without naming countries, said that the Iraqi government is trying to complicate the situation and the Convention so as not to be signed, he said, adding that the U.S. government had made many concessions to the Iraqi government than by other countries have similar agreements.

He expressed the belief that the Iraqis will not receive the Convention on the best condition awaiting a change in the U.S. administration.

http://74.125.93.104/translate_c?hl=...nOmhA-AEDzsOog

President Barzani heads to U.S.

Dr. Fuad Hussein, head of Kurdistan Region Presidency Divan stated that Kurdistan region President Massoud Barzani headed today to U.S. in response to an official invitation from American President George W. Bush.

President Barzani is heading a high ranking delegation includes Dr. Barham Ahmed Salih, Roj Nouri Shawis, Massror Barzani, Fuad Hussein, Ashti Hawrami, Falah Mustafa and Qubad Talabani.

“President Barzani will meet American President Bush, his deputy Dick Cheney, secretary of state Condoleezza Rice, head of National Security Council and a number of American officials”, Dr. Fuad added.

It is decided that President Barzani will meet also with American senators from the Republican and Democratic parties, as well as he and his accompanied delegation will meet several officials at the strategic researches centers.

http://pukmedia.com/english/index.ph...=7217&Itemid=1

Heads of Parliamentary blocs discuss De Mistura’s new proposal on article 50

The Speaker of the Iraqi Parliament Dr. Mahmud al-Mashhadani chaired a meeting included the heads and representatives of the parliamentary blocs today.

During the meeting, they discussed the new proposal of Staffan De Mistura, the U.N special envoy in Iraq about article 50 in the provincial council’s law regarding the representation of the minority in the aforementioned law.

PUKmedia :: English - Heads of Parliamentary blocs discuss De Mistura’s new proposal on article 50

Abbadi: Maliki would present new proposals to the draft agreement include the deletion of sentences and paragraphs violate the spirit of the agreement, the international extension of the strongest alternative
The leader of «Dawa Party» Haider Abadi, near Prime Minister Nuri al-Maliki for «life» to «Prime Minister discussing with the Iraqi delegation negotiating the overall preparation of the draft proposals and demands made by all Iraqi parties, after all the political blocs received the final draft of the agreement».

He added that «these proposals will be to vote on the Council of Ministers at its next meeting, if approved by the receipt immediately to the Iraqi negotiator for delivery to the U.S. side. We do not yet know whether it will, and this is what we wish, or rejected ».

Abadi said the Iraqi suggestions that the content of the draft agreement dealing with the deletion of sentences and paragraphs were found to be not significant and do not violate the spirit of the agreement, but allowed to stay Ptooellat and explanations and interpretations, many concerns raised mostly Iraqi officials », referring to link the terms of the agreement on the application of timetables for the withdrawal of U.S. troops And the viability of the Iraqi government «Issues ideal may not be available on the one hand (not specified) of the sentence from the hand».

The political insiders and legal experts pointed out that the United States still maintains judicial immunity for its soldiers contrary to the understanding of Iraqis to hand it reserves the authority to determine whether troops should be out or not.

But Abadi pointed out that options and alternative agreement is not the best solutions «even some of the most recent extension of UN mandate for a new means giving U.S. forces a new period of absolute power with the vast numbers of foreign forces without the presence of scruples for the withdrawal of non-American president's decisions».

The «option Iraqi law legislation enacted by the government and you have the right to incorporate all the demands and wishes of the Agreement, and those that have not responded to solve the dilemma UN mandate, which expires at the end of this year, is an alternative to the agreement, it is unlikely that American troops will not Bmanmadtha can do in the end of the year to accept or reject this option, which means the start of the full withdrawal of U.S. troops, the largest of our current ».

http://209.85.171.104/translate_c?hl...iI4yjMpSq8z_MA

Finance: Our economic policy has made Iraq a liberal economy disciplined

Minister of Finance said on Monday that Iraq's economic policy has made the country's economy "free disciplined."

This came during his meeting Baqir al-Zubaidi with Deputies Yacoubi Karim Sharif on behalf of the Fadhila bloc in the House of Representatives, as the ministerial statement Monday.

The statement quoted received by (Voices of Iraq) a copy of the Finance Minister as saying that "the Iraqi government through its economic policy wise and careful planning, which has adopted a consistent basis of race liberal economy (disciplined) contributed significantly to the upgrading of the economic reality of Iraq."

The minister added that the 2009 budget "had been affected by world oil prices as the financial crisis may have Bdilalha oil prices which led to a significant drop in prices", but that the financial side of Iraq, "loss of the global financial crisis."

Translated version of http://ar.aswataliraq.info/?p=105541