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

Originally Posted by bultn

According to a calendar I got from a friend in Malaysia, Ramadan 10th is/was October 3rd.

yeah it was the tenth day of ramadan. youre right, thanks!

Originally Posted by postcon

Taking this straight off AD site, which was posted by Checkm8t

"Why does everyone think an RV goes hand-in-hand with the FIL being signed/implemented? The argument is that without an RV, Iraq can be bought out for pennies. A person who I personally know, who has a VERY strong background in economics, says that Iraq can be protected with verbage in the FIL, and an RV ins't necessary. It's called economic protectionism. I have a feeling there are gonna be lots of disapointed folks when an RV doesn't happen when (if) the FIL is signed this week."

Maybe someone clued up could answer this one perhaps?

funny he doesn't mention what this "protectionism" is. sound like a kid taking econ 300. protectionism is when youre country takes measures (tariffs) to regulate imports and exports. it is designed to protect an economy from being bombarded with imports when the exchange rate allows them to be brought in cheaper, and usually involves tarriffs, which hasn't been mentioned. in laymans terms, "protectionism" involves protecting an economy from cheaper imports, and is a general term at best, not from someone who is "very strong" in economics. there is no language, outside of forbidding foreign investment that can keep me from buying a company in Iraq for 1million or less, there is nothing they can really do about it if the FIL is passed. the only real recourse is to let the currency float, that would allow early entrants the upper hand.

the reason it goes hand in hand is the fact that if i had a mill to invest in speculative markets, at the current exchange rate i could buy whatever i wanted if i had 100mil or 2. if the FIL passes at the exchange rate of 1472/1$, then whoever wants to could own 30-40 companies in Iraq by the end of the business day.

Sotaliraq.com

Clans Karkh preparing to Blenching to armed groups

(Voice of Iraq) - 10-10-2006 | This issue was sent to a friend

Shirwan Alowaeli clans : Karkh preparing to Blenching to armed groups

Along the lines of what happened in Ramadi
Baghdad-Sabah
The Minister of National Security Shirwan Alowaeli tribes in the areas of Karkh intends to rise up to the armed groups in the neighborhoods and cleared of terrorist elements along the lines of what happened in Ramadi. He said in his meeting with American Ambassador Zalmay Khalilzad : The ministry owns buffer of information about terrorist groups containing figures and addresses terrorism and the road is clear The ownership and operations of Diyala was a good investment for the information of the Ministry of National Security in the pursuit and arrest of terrorists. The two sides discussed during the meeting, the security situation and ways to restore stability and calm in tense areas in the whole country also dealt sides to review the great vigor of clan elders in the activation of the project of reconciliation and the fight against terrorism in addition to the issue of the Turkish side, and agreement on the political solution and the normalization of relations Iraqi-Turkish for the benefit of the two neighboring peoples In this regard Alowaeli refused the presence of non opposition to the neighboring countries such as the MKO and the Turkish Kurdistan Workers Party, because Iraq does not want to be a land for these organizations.
For his part, Khalilzad, the American administration that the assessment of the situation in Iraq, consistent with the vision of the Iraqi officials, especially with regard to elements of Al Qaeda and terrorists Sadamiin workers to spread violence and inciting sectarianism.

another door to door cleanout.
GO IRAQ!!!!

Originally Posted by risktaker

funny he doesn't mention what this "protectionism" is. sound like a kid taking econ 300. protectionism is when youre country takes measures (tariffs) to regulate imports and exports. it is designed to protect an economy from being bombarded with imports when the exchange rate allows them to be brought in cheaper, and usually involves tarriffs, which hasn't been mentioned. in laymans terms, "protectionism" involves protecting an economy from cheaper imports, and is a general term at best, not from someone who is "very strong" in economics. there is no language, outside of forbidding foreign investment that can keep me from buying a company in Iraq for 1million or less, there is nothing they can really do about it if the FIL is passed. the only real recourse is to let the currency float, that would allow early entrants the upper hand.

the reason it goes hand in hand is the fact that if i had a mill to invest in speculative markets, at the current exchange rate i could buy whatever i wanted if i had 100mil or 2. if the FIL passes at the exchange rate of 1472/1$, then whoever wants to could own 30-40 companies in Iraq by the end of the business day.

yeah, what he/she said!!

Originally Posted by postcon

Yes, quite. But surely the argument that a country could be bought out for pennies is baseless considering laws within the country will have restricitions on foreign investment.

Thanks so far to those who have responded.

In short Iraq has to raise the value of the value of their currency for two reasons. As w have seen lately with China, the US is pushing them to raise the value of their currency because as a country which has an economy is based mainly on export a lower currency value provides them with an advantage when trading with countries like the US. Iraq, who will be doing a large amount of importing for the foreseeable future needs a currency value that is more on par with its major trading partners (US, UK, etc.) to provide them with a better value when importing. Secondly, Iraq needs to raise the value of the dinar to fight the rampant inflation in their country. While neither one of these reasons make a reval necessary when the FIL is implemented, a rise in the value of the dinar is needed soon and what better time to do so than with the introduction of new laws meant to stimulate the economy.

Originally Posted by rodney ewalt

It seems to me that there should be no unemployment in Iraq as there is so much work that needs to be done except for the fact that the insurgents keep blowing up stuff. I swear! they need to just disarm the intire country and the kill anyone the find packing heat.
I'm sorry folks, just very frustrated that the powers that be can't seem to get things under control over there.

With respect, I don't think it is only Iraq that needs disarming. How about the USA, Australia and a heap of other countries.

The Council of Ministers meeting in-service Alozara T.

(Voice of Iraq) - 10-10-2006 | This issue was sent to a friend



The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
A press statement / Press Release
Tuesday 10-10-2006


In a meeting Alozara T. service

Deputy Prime Minister Dr. Peace Alzobai confirms : the people who elected us expected to change the reality of security and services


Deputy Prime Minister Sallam Alzobai : must all the ministers in our government is to bear their ministries actively and honor and the best in the minister, who does not change or seek to change, and awaiting the people who elected us to do something and change the reality of security and services Almtdenian to a large extent.

He added during a meeting with the ministers of electricity, oil and higher education, science and technology, water resources, a representative of the Ministry of Construction and Housing and a group of advisers Specialist services : we should call ourselves first and the initiative to work in the diagnosis of defect trends and then proceed no harm develop solutions that get involved Kvoein without waiting for approvals legislative and legal consultations, all of this in order to advance the process of construction and the reform front.

Alzobai and listened to the views of the ministers about the problems facing their ministries and discussed solutions affordable and fast in order to overcome the difficulties and upgrade services to an acceptable level at this stage at least, focused Minister of Water Resources on the issue of water scarcity and purity addition to the troubles faced by the citizens, asserting that our problem does not lie in the shortage of water, but the possibility of distribution.

For his part, Minister of Electricity and request further support and cooperation of the Ministry of Water Resources, pointed to the dramatic lack of power and the possibility of dealing with the future.


Sotaliraq.com

Originally Posted by American Contractor

The Iraqi government is planning for the 2007 Budget which starts on 1 Jan 2007 - 31 Dec 2007 the reason they can plan it with out the RV is because they do not plan for an RV in 2006 or 2007.

The circles in Baghdad are saying a stable dinar is what is going to happen despite all the good and update articles that are coming out of Iraq at this time. I know most of you here are expecting an RV and are being led by a few members here, unfortunatley this is not what is being planned at the moment.

Don't mean to rain on anyone's parade but this is the facts.

Originally Posted by American Contractor

The Iraqi government is planning for the 2007 Budget which starts on 1 Jan 2007 - 31 Dec 2007 the reason they can plan it with out the RV is because they do not plan for an RV in 2006 or 2007.

The circles in Baghdad are saying a stable dinar is what is going to happen despite all the good and update articles that are coming out of Iraq at this time. I know most of you here are expecting an RV and are being led by a few members here, unfortunatley this is not what is being planned at the moment.

Don't mean to rain on anyone's parade but this is the facts.

u got a link for those facts?

Originally Posted by American Contractor

The Iraqi government is planning for the 2007 Budget which starts on 1 Jan 2007 - 31 Dec 2007 the reason they can plan it with out the RV is because they do not plan for an RV in 2006 or 2007.

The circles in Baghdad are saying a stable dinar is what is going to happen despite all the good and update articles that are coming out of Iraq at this time. I know most of you here are expecting an RV and are being led by a few members here, unfortunatley this is not what is being planned at the moment. (SUBTLE BASH)

Don't mean to rain on anyone's parade but this is the facts.

and this coming from a guy who doesnt even know what time it is in iraq.