Thread: Iraq/Dinar News. 09/05 to 01/14/07

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Economic Rush : international companies to invest in Iraq is testimony to the strength of the economy





The President of the Union of Iraqi importers and exporters in the territory Cordstan Sheikh Mustafa Abdul Rahman said that the holding of exhibitions Iraq reconstruction valuable opportunity for the real needs of the demolition of the country needs and exchange of technical expertise, commercial and industrial countries wishing to participate. And that the broad participation of international companies in Iraq's Gate exhibition held in the Turkish city of Antab expressed the desire to participate in real earnest and actors in the reconstruction of Iraq. He added that this trend evident since Iraq possessed of wealth and constituents and the economy solid construction makes it an attraction factor for each the developed countries of the world. Rahman also pointed out that the meetings between us with international companies resulted in the signing of cooperation protocols contribute to the mutual benefit of all parties. He pointed out that the EU and after his participation in the three exhibitions able to build bridges of strong economic relations with international companies and companies in general Walter Kay in particular. Turning to expansion




So in the Russian attracted more than 200 prominent member of the importers in Sulaymaniyah, which gave a strong impetus in the European economic landscape drawing attention to the role of the Union in providing facilities to traders in things Svrathm mutual cooperation with the countries of the world. According to Sheikh Mustafa said that the Union also played a negotiator with the Arkat global Turkish goods in the event of delays or obstacles encountered any process of trade exchange between the two countries through contacts with the governmental bodies of both countries to overcome the difficulties. Rahman also hinted that Turkish goods found their way to market, especially commercial Cordstan Sulaymaniyah and that record time to reach the goods, which reflects the success of cooperation and exchange. and at the end of a recent visit and participation emerged to sign a protocol of cooperation between the importers and exporters Iraqis in Cordstan with the Chamber of Commerce and Industry, during which the President of the Istanbul Chamber of a gift of a coat of arms delivered to the President of the Federation of Chamber of importers and exporters in Abra Kien in the province. it should be noted that the delegation of importers and exporters in Iraqi territory Cordstan (Sulaymaniyah) comprised of the Vice-President of the European Bahaa Eddin Mustafa known, a number of members of the Governing Council are Atta Mohammad Nouri and Mohammad Rauf, Hamid Muhammad, peace and now Karim.

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Economic : The role of marketing in developing the economy





Developed countries were not interested in marketing, as is the case for many of the developing countries at the present time, changed, but the idea of these countries on marketing after the Second World War and was considered one of the important factors that contributed to the development of the national economy and the prosperity of Foreign Trade. Despite the importance of marketing activities and their effective role in influencing the progress of the economy and the prosperity of society, but that of the developing countries, including Iraq, Cordstan, did not give the required attention to this commercial activity is vital to this moment, whether at the official level or the private sector, which prompted me to write this simple lines on the role of marketing in developing the economy thus society as a whole in hope of encouraging planners and decision makers, businessmen and local contractors for the attention Baltsu forth and activities.





The first called for the concept of modern marketing is the American company General Electric in the first half of the last century. It should be noted, marketing that the idea was not simply the result of this period, but the evolution of understandable and changing mission, which was limited to the sale of products to obtain raw materials from other countries. The American company that marketing is not only more broadly of the sale, the sale of the output of the company in the market, but on the company to produce what the market needs. On this basis, we find that the company's management role in the design, planning and scheduling of production of goods and material control and distribution of goods and services that accompany the product. The role of marketing starts before the production cycle, rather than after, as it was understood before, and taking the point of view of consumers in the final outcome.
The researchers defined marketing process by the various definitions of each problem and the purpose of examination. For example, described the marketing that the distribution of goods and services, a range of business activities related to the process of change or transfer of ownership of goods, create the time and location and ownership of utility, the process of organizing or adjust supply and demand ... Etc. from different definitions. Al-Shanawani, says that despite different definitions provide us with a good basis for the marketing efforts, However, it failed to clarify the nature of the activities of the marketing process. And that same line (Kotler) with the Al-Shanawani, and says that all such definitions are useful, but covers a large part of the nature or marketing process. It is alleged that that same marketing process must know the logical starting point of the nature of human behavior, which is reflected in the needs and wishes and priorities. The main task of marketing is to satisfy the needs and desires of the community of goods and services. Permission Marketing means working with the requirements of the market and consequently aims to try to achieve the anticipated exchanges for the purpose of satisfying the needs and desires of the people. On this basis knows that same marketing that is a human activity directed to satisfy the needs and desires through trade. According to this definition, needs and desires of consumers is the foundation and starting point of a process of marketing or commercial activity. There can be no satisfying those needs and desires without the presence of the required goods. These goods do not mean anything if the divorce had not been exchanged do anything else in the business, and this exchange in the so-called market, which is the last link which completes the concept of marketing. This means that the marketing process with several stages for the purpose of access to satisfy the needs and desires of the community.
Many of the developing countries, to consider the idea of marketing to their businesses fit the evolving economy better than other economies, because some of those concerned in the developing countries believed that the marketing process attached to or assist the production so that it fit the circumstances available only in developed countries, On the other hand, others believe that the marketing process plays an inefficient or unhelpful to the development of the national economy. As well as this view unsound to marketing, there are several other factors have made marketing activities, in general, the other interesting enough in most developing countries, and these factors : -
* Lack of goods and services is a problem head in these countries.
* Craving or serious concern, the planners in these economies, to increase the production of goods and expand more interest in providing services and the development of marketing despite direct relation to raise the standard of living.
* Prevailing idea at the most planners in developing countries is that the intermediaries (commercial agents) - Kvoein and effective in the delivery of essential services in the market.
* The marketing system was not effective in the developing countries, which allow employment idle in the case otherwise.
* Most of the developing countries often face the problem of the possibility of estimating the proportion of the share of total income or output of the marketing activities.
These factors have made the bulk of the attention of planners and decision makers in developing countries focusing on productive projects, whether in agriculture or industry or methyl together, because of their belief that marketing, in general, from the fields, which can adapt itself to the task and the many changes that are taking place in the national economy and society. This is why we find investments in productive projects come to the fore in most developing countries. , But did not give enough attention or encouragement for investment in other areas, which lead to the improvement and development of the marketing, particularly in relation to the private sector, with the exception of these investments on infrastructure projects, especially transportation projects. I believe that the reason President of this neglect and lack of care system marketing might be due to a lack of full understanding of the marketing (Marketing position) in various stages of development. Many planners and decision-makers in many developing countries believe that the problems and difficulties that they face significant enough to impede efforts to determine the true impact of marketing operations on the economy of these countries. These justifications rather than genuine reasons for the lack of attention to the market and when it gets to his activities.

The Republic of Iraq

Council of Ministers-the governmental communications

Media Relations

A press statement / Press Release

Wednesday, 10-4-2006

During his meeting with the agent's Technical Secretariat of Baghdad and the number of engineers

Deputy Prime Minister Dr. Peace Alzobai : it is now time to projects that simulate reality and believes the requirements of real people

Deputy Prime Minister Sallam Alzobai : The cadres Baghdad Secretariat provide a service to people in the unique specifications, nor does it have mercy that our compatriots who were opponent and effort and fail to service, Know that the time of political projects coated in dark kitchen has ended forever, and now is the later projects that simulate reality and believes the requirements of real people.

He added during a meeting yesterday with the agent for the technical secretariat of Baghdad, a number of engineers are : It is our duty to remind you that your work is the secretariat and the secretariat Nosekm maintenance, We know that the secretariat of Baghdad starting from the Secretary of Mr. Saber Eissawi still make every effort to advance the unfortunate reality is witnessing capital cities and we continued to Antlb driven muscular, but you want those projects that promote scientific and practical thinking and therefore will not interfere in your heart, It is our duty to remind you that your work is the secretariat and the secretariat Nosekm maintenance.

He listened to the Deputy Prime Minister to the detailed explanation of the agent's technical secretariat of Baghdad, which he introduced a new plan it is hoped that work would start soon include several issues including the improvement of sewage systems in preparation for the winter rains, in addition to strengthening and maintenance of potable water networks, as well as to set up some projects.

The technical agent : Baghdad has witnessed a real service since the 1980s, long suffered from the problem of specialties and have prepared plans will be implemented in phases for projects relating to water and sewerage, roads and the surfacing of Gerhaali light of the new financial allocations.

Engineers Secretariat also presented problems and the immediate plans for the proposed solution and asserting their determination to overcome implemented on the ground.

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Great find team, interesting.....


Voices of Iraq : MEETING-lift
Kawthar wrote : On Wednesday, 04 October 2006 12:42 PM-BT

The adjournment of the meeting of the House of Representatives to visit Hall-commerce
From the hushed Abdulamir
Baghdad - (Voices of Iraq)
Announced by the Speaker of the Parliament Mahmoud Almshahadani today, Wednesday, adjourned the session for half an hour to visit the Hall of electronic him, which is scheduled to convene its parliament in the coming days.
He said Almshahadani "will uphold the parliamentary session for a half-hour visit to the Hall commerce and learn how to use."
During the morning session of the parliament to discuss the continuation of the investment law, which was postponed a vote to be held on Thursday, October 12, October 1st. " He said the first deputy, Khaled al-Attiyah of the United Iraqi Alliance list today during the meeting "tomorrow will be listening to the proposed amendments to the law will then be held on Thursday, October 12 October first."
The investment law has met with considerable reservations by members of Parliament with respect to the number of years Almsathat granted to investors. Dharbeh and exemptions.
In the letter of the law to exempt foreign investor from taxes for a period of ten years, and that the duration of the investor Almsatha 50 years.
On the other hand, it denounced the Kurdish list in the House of Representatives today, the attack on three relatives of Deputy Samia Aziz, the Kurdistan Alliance.
The Speaker of the House of Representatives, who read out a statement of condemnation at today's meeting, "The home of Deputy Samia Aziz surprises before (terrorists) in the second of this month, which led to the death of her nephew, Khaled Ibrahim, and his uncle Sadek, I explained sister, and she said the three bullets in the head. "
Condemned Hamid Majid Moussa, deputy of the Iraqi List the incident and said that "communal violence and racial together."
On the other hand, said Mahmoud Almshahadani automatic Ada to the House that it is necessary to meet the deadlines for the start of the parliament sessions, which were identified in the ten in the month of Ramadan.
He said Almshahadani during today's meeting "must stick to the limit all the dates start of meetings that we have set in ten in the month of Ramadan therefore action would be taken to the member who will be delayed from that date, certain actions will be taken against him will be determined in the parliament."
He added : "The meeting will be held at ten and record the names of those present at 10:00 and ten minutes, If a quorum will be meeting for half an hour and if a quorum after two half will be meeting and will hold parliament caused a delay in holding the meetings. "
The today's meeting had begun to 12pm local time for the city of Baghdad.

Originally Posted by zipper

How do you say "Hurry up already!" in Arabic?

حتي علي عجل

Originally Posted by opps50

If they do a sudden reval, how will shops and so on know they have revalued. They must change all prices which will take a whole lot of time

I saw how they did it in Mexico when the Peso was being devalued. When the shops opened for the day, everyone had handheld calculators. They put blank stickers on their items, one at a time, and handwrote the new price on each sticker. If someone brought an item to the checkout counter, and it did not have the new price written on it, the store clerk simple calculated the new price at that time. No problem at all. Done in a day with time to spare.

Mike

Originally Posted by mahi

I saw how they did it in Mexico when the Peso was being devalued. When the shops opened for the day, everyone had handheld calculators. They put blank stickers on their items, one at a time, and handwrote the new price on each sticker. If someone brought an item to the checkout counter, and it did not have the new price written on it, the store clerk simple calculated the new price at that time. No problem at all. Done in a day with time to spare.

Mike

Nice one, as technical as that eh?! all they have to do in Iraq will be to move the decimal point to the left 3 places! Can write it on with a pen, LOL. 1473 to 1.473!!!

Originally Posted by opps50

If they do a sudden reval, how will shops and so on know they have revalued. They must change all prices which will take a whole lot of time

Forgot, They will know when a reval has happened. They live there. You can keep something like that a secret.

History of the dinar some might find useful.


1932
Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the Iraqi dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.

1932–1949
1949–1971
Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971.

1959–1967
Iraq officially uncoupled the Iraqi Dinar from the pound sterling as a gesture of independence in 1959, but the Iraqi dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.

1971
One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.

1973
Upon the devaluation of the United States dollar in 1973, the Iraqi Dinar appreciated to US$3.39.

1980
It remained at this level until the outbreak of the Iran-Iraq War in 1980.

1982
In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.

1988
In early 1988, the official dinar-dollar exchange rate was still Iraqi dinar (ID)1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.

1986–2003
1986–2003 between .33 cents to 1.32 to a dollar.

2001
Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March-April 2003 war (2001 est.)

2002
GDP: purchasing power parity — $58 billion (2002 est.)

2002
Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%, Morocco 4.7%, Spain 4.4% (2002)

2003
In october 2003, the official Dinar-dollar exchange rate was ID1 to US$0.00027.

2004–2005
August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.)

2006
As of Jan 1st 2006, the official Iraqi dinar-US dollar exchange rate is ID1 to US$$0.00067.

Who says that with all the oil being pumped out, twice as much as in the 80s at a price three times the amount in the 80s we can't have an exchange rate of at least $1.48?! Do I hear a WOOT from our Alaskan friend???!!!!