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

IRAQ: Corruption and poor security stem flow of investment

http://www.iraqdirectory.com/DisplayNews.aspx?id=2329

Originally Posted by Adster

How bout this guys, Saddams verdict is due on the 5th November. My thoughts are he'll be hung, and good riddance. Maybe they'll reval on the day they hang him or on his verdict day..........

Something to consider.

Adster step back from the monitor and take the evening off.

I think you are weirding out on us, hanging and RV in same day???

LOVE IT - SOUNDS GOOD!!!!!!!!!

From home - Welcome to iraqieconomy.org

Iran Exports $575m Worth of Goods to Iraq October 14, 2006 - Iran has exported $ 575 million worth of goods and products to its western neighbor, Iraq, during the last 6 months
Deputy director of Iran's Trade Development Organization Ali Houshmandi Maneshi said Iran is always prepared to boost the volume of its trade exchanges and export of technical and engineering services to Iraq.
He also called on the different Iranian governmental and private sectors, institutions and associations involved in the export of goods and technical-engineering services to promote the volume of their exports through constant exchange of views with the Islamic Republic's trade attachés in various countries, including Iraq.

Course, new start, new way of life, no more Sadman Hussain, a statement could be made........

These are Iraqi's we're talking about and I wouldn't put anything past them!

A few days ago, someone wanted to know what SDR meant. I found this on the IMF and thought someone might enjoy knowing more about the SDR. Sorry it's a little long.

The Special Drawing Right (SDR) was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in world foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets— gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.

However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs.

Today, the SDR has only limited use as a reserve asset, and its main function is to serve as theunit of account of the IMF and some other international organizations. The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions.

SDR valuation
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies,today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF's website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.

The basket composition is reviewed every five years to ensure that it reflects the relative importance of currencies in the world's trading and financial systems. In the most recent review that took place in November 2005, the weights of the currencies in the SDR basket were revised based on the value of the exports of goods and services and the amount of reserves denominated in the respective currencies which were held by other members of the IMF. These changes became effective on January 1, 2006. The next review by the Executive Board will take place in late 2010.

The SDR interest rate
The SDR interest rate provides the basis for calculating the interest charged to members on regular (non-concessional) IMF loans, the interest paid and charged to members on their SDR holdings, and the interest paid to members on a portion of their quota subscriptions. The SDR interest rate is determined weekly and is based on a weighted average of representative interest rates on short-term debt in the money markets of the SDR basket currencies.

SDR allocations
Under its Articles of Agreement, the IMF may allocate SDRs to members in proportion to their IMF quotas. Such an allocation provides each member with a costless asset on which interest is neither earned nor paid. However, if a member's SDR holdings rise above its allocation, it earns interest on the excess; conversely, if it holds fewer SDRs than allocated, it pays interest on the shortfall. The Articles of Agreement also allow for cancellations of SDRs, but this provision has never been used. The IMF cannot allocate SDRs to itself.

There are two kinds of allocations:

General allocations of SDRs have to be based on a long-term global need to supplement existing reserve assets. General allocations are considered every five years, although decisions to allocate SDRs have been made only twice. The first allocation was for a total amount of SDR 9.3 billion, distributed in 1970-72. The second allocation was distributed in 1979-81 and brought the cumulative total of SDR allocations to SDR 21.4 billion.

A proposal for a special one-time allocation of SDRs was approved by the IMF's Board of Governors in September 1997 through the proposed Fourth Amendment of the Articles of Agreement. This allocation would double cumulative SDR allocations to SDR 42.8 billion. Its intent is to enable all members of the IMF to participate in the SDR system on an equitable basis and correct for the fact that countries that joined the Fund subsequent to 1981—more than one fifth of the current IMF membership—have never received an SDR allocation. The Fourth Amendment will become effective when three fifths of the IMF membership (111 members) with 85 percent of the total voting power accept it. As of end-August, 2006, 131 members with 77.3 percent of total voting power had accepted the proposed amendment. Approval by the United States, with 17.1 percent of total votes, would put the amendment into effect.

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Al-Bayati : coalition adheres to the chairmanship of the Committee on the amendment of the constitution **
Territories Act Eshrkh wall compatibility between parliamentary blocs **

Baghdad-Ali Khalil
The latest pass Territories Act split between parliamentary blocs in the step counting Balmejajh observers to the pace of escalating violence in the Iraqi street leading to a widening gap of differences and heroes of national reconciliation initiative.
The MP Hussein Alvluji doubts that the consensus on the law surrounding regions and how the adoption of a dictatorship exercised large blocks of a pass, pointing out that the law was one of the least well received by the laws of the discussion and confirmed fears of resorting to the judiciary because many of the things that occurred did not do anything eliminate them.
The official spokesman of the Movement of Democratic Unionists spring Hussein believed that the draft Non WILL BE REJECTED rally in the case referred to the referendum.
He said Sheikh Wisam Sami Al-Bayati clans Hibernation in Salahuddin that the issue of federalism discussed in the national reconciliation conference of Iraqi clans and was a point of contention and we have to defer to the decisions of the Conference to five years, why insist on it now?
Condemned deputy Safiya Suhail member of the House of Representatives »« existing Iraqi statements which carried members of the Iraqi List responsibility for the establishment of the law of the provinces in the last session of the Council of Deputies. Suhail said in a press statement the name "denounced statements on Zaidt care to the unity of this country, the fact that these statements were politically or ethnically pure reflect the will of despotism and the imposition of ideas and the stoning of the violators have no employment or national. "
She explained that the emphasis on the unity of this country "is not a monopoly on the personality and not the other without another trend, but it is the keenness of all Iraqis, no one has the right to outbid the Iraqis maintained the unity of their country "
The newspaper Suhail. "What comes of accusations me and my colleagues in the existing Iraqi national who voted in favor of a law to the formation of regions do not originate only from the narrow vision of things, It also deals with people according to the logic of the Saddam regime by me many, that logic are either with me or against me, which we reject and do not accept it in any way. "
She added, "wants to divide the country are the defenders of violence or Alsakton him, There are more than one province suffers sons away from the body and the Iraqi violations are a disgrace to human rights, This behavior is no other way to divide the country in the near Madiath, The escalation of the media would deepen the chasm between the Iraqis who.
It called for full respect for the positions of others voted by members of the Iraqi List set out "at the time respected the views and positions of the forces and figures, which refused to vote on the law of the formation of regions, others stress the need to respect our positions. "
Suhail explained that "federation was the pattern we have agreed upon conviction through our presence in the Iraqi opposition, whether at the level of political parties or independent on the level of leadership and emphasized repeatedly. As agreed upon in all phases of our ongoing political change since, Law and the formation of regions recently passed in Parliament agreed by the majority of political parties during the meetings ago, There has been no no reason to vote against it as long as the agreements pinned on it previously. the list did not conform to the Iraqi National also dismissive attitude to the law of the formation of regions in the latter. The rejection of the sectarian nature of the territories do not pay the direction of the opposition to the formation of regions.
The Suhail. "That the federal mechanism and composition according to the law recently passed does not mean never divide Iraq, There are many steps to pass this law, it was first postponed until after the year and a half is left to the people of the provinces, understanding the decision chapter in the applications, it is not necessary to be emerging regions, according to this law are of a sectarian regions. in addition to the foreign policy and the ownership of wealth and decisions of war and peace return, as stipulated by the Constitution to the federal government and not regional authorities, from here there are only illusions to fear of the division of Iraq because of the federal, but we find that the division would be possible if not garnering the efforts to end the current dissension between stakeholders which led to the sectarian violence that the price of the Iraqi people every day. "
On the other hand, MP from the United Iraqi Alliance nostalgia Kado »obtain divisions within the parliamentary blocs due to the divergence of views on the federal«, He pointed to the possibility that the American Administration »pressure on the coalition to retreat from its position in support of the law«.
Meanwhile, the list of the coalition stressed the chairmanship of the Constitutional Commission reserved in Parliament. He said Abbas Bayati »that the coalition insists on the chairmanship of the amendment of the Constitution after the compatibility with other blocs due to the eligibility of the coalition the largest parliamentary bloc in the chairmanship of the Committee«.
»He added that the statements made by some members of the Alliance list on the approval of the Accord Front presidency of the Commission, reflecting the views of Ka'eliha and not the view «coalition.

The newspaper Azzaman »«

Sotaliraq.com

Originally Posted by Adster

How about this guys? Saddam's verdict is due on the 5th of November. My thoughts are he'll be hung and good riddance. Maybe they'll reval on the day they hang him or on his verdict day... Something to consider.

Now...slowly walk away from the pipe...good...now you can also stop reaching for those imaginary straws...excellent!

Secretary of the Communist Party : we have no time to go to the judiciary

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Said Hamid Majid Moussa, deputy secretary of the Iraqi Communist Party told Azzaman that the Iraqi and other senators asked the presidency of the parliament to take legal action against time and provide protection to him and the number of deputies after the newspaper published Manchitha about the law, which a federal Iraqi Parliament yesterday against Toji TJS. Moussa promised publication of incitement against the draft Democratic Gazette. In reply on the reason for not resorting to the judiciary, Moussa said, we do not have enough time for that but we asked the Parliament presidency to take action as it deems appropriate through legal located.

»Newspaper Azzaman

Sotaliraq.com

Factsheet - The IMF and the World Bank The IMF and the World Bank are sister institutions in the United Nations system. They share the same goal of raising living standards in their member countries. Their approaches to this goal are complementary, with the IMF focusing on ensuring the stability of the international financial system and the World Bank concentrating on long-term economic development and poverty reduction.

Ammar Hakim : No question the patriotism of any party

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Ammar al-Hakim said that there was a case of bias on the part of some media circles and an unfair and unequal in dealing with the events in Iraq.
He assumed that the media is the same distance from all parties in the drafting of news and Manshitatha not resort to questioning the patriotism of any of the parties.
He has been with us for some employees in the Eastern Canal We have drawn attention to some of our programs and how to deliver news from the general situation that prevailed in Iraq. I presume that he should respond to them. He said there is some kind of clear bias and some of the skepticism with the views of the violators of Ughetti the Eastern Canal and Azzaman newspaper.
He does not become a professional institution to deal with the issue that way federalism. Especially since Territories Act was approved by parliament in a constitutional majority, which requires that everyone will respect this as reflecting the desire of the Iraqis and explained that the law of the provinces in Iraq is being subjected to an unfair campaign in the Arab media also in the area of intervention accusations of others.
He explained that the requirement for professional performance and media bias leads to accusations and others outside the general context. He assumed that is not afraid of the other opinion.

The newspaper Azzaman »«

Sotaliraq.com