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

Originally Posted by Adster

Here's a thought. Dinar 3 years old tomorrow. Ration cards being distributed 16th. Add this to a big announcement the Republicans are meant to be coming out with tomorrow/16th.

Things that make you go hhmmmmmmmm........

Your right, things that make you go hmmmm. I thought maybe that the announcement of the debt being reduced by half earlier than expected may have been the big surprise. Glad to hear there is another one!!

Hello so something will happen on monday?
Im very excited about this i think we all are =D

2006/10/14

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IRI's exports to Iraq boosted by 40%



03:00:58 È.Ù
Over 78,000 tons of various agricultural products were exported to Iraq via the Mehran international border point in the western province of Ilam in the first six months of the current year (started March 21, 2006), a local official said Saturday.

Speaking to IRNA, the Head of the Agriculture Jihad Department of Ilam, Mojtaba Norouzi, said the exported goods were valued at some 51 billion rials.

He added that the volume of exports during the said period pointed to a 40 percent boost compared to the figure in the same period last year.

The western province of Ilam has a 430-kilometer joint border with Iraq.
IRIB PERSIAN NEWS PAGE

A lot of good things happening for sure. I'm not convinced tomorrow/Monday is the day personally. We'll see, we can only hope.

More than 58 million auction sales volume of the Central Bank of Iraq

Originally Posted by Adster

Here's a thought. Dinar 3 years old tomorrow. Ration cards being distributed 16th. Add this to a big announcement the Republicans are meant to be coming out with tomorrow/16th.

Things that make you go hhmmmmmmmm........

Justice / special continued Iraqi dinar exchange rate to rise last Thursday at the dollar figure is the highest recorded this year in an auction the Central Bank of Iraq in 1470 dinars.
Translated version of http://www.aladalanews.com/ (Fifth Arabic TAB on the right, first article!)
Volume increased demand for the dollar purchase auction at the conclusion of the Central Bank of meetings last week, recording the volume reached 58 million and 810 thousand dollars, with 24 million and 750 thousand dollars in cash and 34 million and 60 thousand dollars in the form of remittances outside the country, the World Ptgtabtha fully exchange rate of 1470 dinars. , the lowest point on the exchange rate last Wednesday of Dbenara in 1471, did not submit any of the 15 participating banks auction offers to sell the dollar.

Originally Posted by Adster

Here's a thought. Dinar 3 years old tomorrow. Ration cards being distributed 16th. Add this to a big announcement the Republicans are meant to be coming out with tomorrow/16th.

Things that make you go hhmmmmmmmm........

Hey Adster, where did you hear about a republican announcement on Monday? That's interesting!

13 October 2006 (Anchorage Daily News)

Could a concept from Alaska resource management -- sharing the wealth directly with individual citizens -- help achieve peace in Iraq?

Billionaire and former presidential candidate Steve Forbes thinks so. He is the latest prominent figure to suggest Iraq follow the model of Alaska's Permanent Fund, including the annual dividend the fund pays to all residents. Directly sharing some of the oil wealth would give everyone in Iraq a stake in reconstructing a peaceful country.

The idea hasn't gotten a lot of traction since it was first floated three years ago, which is too bad. Iraq desperately needs a way to unify what is a violent and fractured country. Sharing oil wealth directly with individuals would show Iraqis that their lives can be made better by living in peace, instead of fighting neighbors over religious doctrine and the spoils of oil production.

Direct cash payments would also help contain the corruption that's rife in Iraq. Instead of relying on tribal or family connections to steer money their way, Iraqis would be entitled to an equal share of the benefits from oil production, and they could get it immediately. They wouldn't have to sit around and wait for the government to supply them with the public services from oil revenue, such as electricity, clean water, schools, roads, communications and health care.

Those are all important services that Iraq desperately needs. The necessary investments will eat up a large share of Iraq's oil income. At the start, it won't be easy to set aside some to supply citizens with cash payments or to build a savings account.

But Iraq is a country with plenty of oil. If it regained its prewar production of 2 million barrels a day, it could sell $100 million a day worth of oil, or $36 billion a year (assuming $50 a barrel oil), before expenses. That should be enough to fund generous reconstruction and reinvestment in oil fields, while sharing some with regional governments and paying immediate cash dividends to individuals. A payout of $100 per person a year -- a significant amount in an impoverished country -- would cost only $2.6 billion, less than one month's oil production.

Once Iraq had dealt with its most urgent reconstruction needs, it could begin shifting some oil money into savings. As those savings grew, they could finance larger payouts to individual citizens, just as Alaska's Permanent Fund has.

While religious strife is driving much of the violence, the dividends could help quell a contributing economic undercurrent. Iraq's Sunnis, the minority that ran the country under Saddam Hussein, predominate in an area with little oil. Most of Iraq's oil wealth is in the Shiite south and Kurdish north. Dividends to all citizens would give Sunnis an immediate and lasting stake in rebuilding nationwide oil production. Sharing national oil revenue with the Sunni region is another way to encourage them to support a unified, peaceful Iraq.

Three years of conventional military operations have not been enough to pacify Iraq and lead it toward democracy. It's time the United States embraces nonmilitary measures that could defuse violence and build support for a unified, civil society. Sharing oil wealth with citizens is worth a try.

BOTTOM LINE: Sharing oil wealth directly with Iraqis might help promote peace. It's worth a try.

Cheers!
DayDream

Originally Posted by Adster

Arab League chief says provinces law should not disunite Iraqis
Arab League Secretary-General Amr Musa has confirmed that the league is attentively following up developments in the Iraqi arena, including the issue of the law on provinces, which was approved by the Iraqi parliament, Wednesday.

Full article:

Cairo, 13 October 2006 (BBC Monitoring)

Arab League Secretary-General Amr Musa has confirmed that the league is attentively following up developments in the Iraqi arena, including the issue of the law on provinces, which was approved by the Iraqi parliament yesterday, Wednesday [11 October].

In reply to a question about the Iraq parliament's approval of the law on the mechanisms of forming provinces, Musa said that it was important that the taking of decisions related to the future of Iraq would not be a cause of argument and disunity between the Iraqi parties or the Iraqi people. Everyone should work towards preserving the unity of Iraq, its people and land, he stressed.

He pointed out what was agreed upon during the meetings by the preparatory committee of the Iraqi accord conference to the effect that the current constitution and its controversial points would be revised and would undergo a general responsible discussion in order to protect Iraqi unity.

The Arab League's secretary-general added that the league was maintaining its contacts with the various Iraqi parties and the preparatory committee of the Iraqi National Accord Conference in order to hold the next meeting by the committee next November, according to what was agreed upon during the committee's meeting, which was held at the Arab League's headquarters last July.

Source: MENA news agency website

Arab League chief says provinces law should not disunite Iraqis | Iraq Updates

Source : Dar Al Hayat - 13/10/2006
The Under the Iraqi Ministry of Finance Kamal Basri, that the high inflation rates in Iraq «» frightening, calling on the state to link production spending.

He called on the government, in a symposium held by the Iraqi Center for Economic Reform «on the phenomenon of inflation and the role of financial and economic policies», to take on the responsibility of addressing the inflation rates which hit 70%. because of the presence and abundance of cash liquidity and a lack of goods and services. He attributed the abundance of cash to increase salaries and wages by 90% from what it was last year. while the goods and services in the market started less for a variety of reasons, including the security situation essay markets.

He pointed out that the abundance of cash to the individuals caused a rise in prices.

He spoke at a symposium a number of Iraqi officials, stressed the importance of moving the process of comprehensive economic reform, They inflation one of the reasons the Iraqi economy is weak and faltering.


... The crisis in the hotel sector

Prevail in the hotel in Baghdad and the provinces of Karbala and Najaf which enjoy privacy religious, believing that the security chaos led to a considerable decline in the performance of the sector, and the erosion of its infrastructure. that could not recover only significant financial support.

In Baghdad alone, almost sector stands at the edge of the zero in the proportion of inmates, , prompting dozens of hotels to close down to avoid further losses. The rest of them, be paid by the circumstances and reasons to continue to open doors in spite of the enormity of the loss.

The head of the Tourism Authority have deployed Hammoud, his estimated that the damage to the Ishtar Hotel «» Unit result of the explosion of a car bomb near b 1.250 million.

In the cities of Karbala and Najaf, the complaint continued decline in the performance of the hotel sector, after the drop in tourist traffic to be religious, especially took Taulan to visit thousands of visitors from the Gulf states, Iran and other countries. , prompting hundreds of citizens to obtain bank loans, for investment in this sector.

However, the decline in tourism religious cause great loss to the owners of these hotels, who Auloa it.

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The allocation of seven million dollars to accelerate the development of the city of Kirkuk
Source : Voices of Iraq - 13/10/2006
The director of roads and bridges city of Kirkuk today, Friday, that it has been allocated seven million dollars for the implementation and development of a number of projects in the city.
He explained Mr. Qassem Hamza News Agency (Voices of Iraq) Independent that the "provincial reconstruction team (PRT), a financial grant to the governorate of Kirkuk (7) million dollars to raise the level of services in the city."
He added that "these projects will include basic design of the master plan for the sewer district of Kirkuk and general survey of the city's ring road."
He pointed out that "there will be allocating a part of the grant for the medical and laboratory equipment for the health sector and the University of Kirkuk and other projects important service."

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