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

so STP is possibly going to be the first re-contracted company to produce oil revenue or iraq? Is this considered insider information. Should we start to get out the pen and paper from now on.?

Originally Posted by www.xealthy.com

so STP is possibly going to be the first re-contracted company to produce oil revenue or iraq? Is this considered insider information. Should we start to get out the pen and paper from now on.?

No update on CBI yet, from thursday.

4 minutes ago

BAGHDAD, Iraq -
Saddam Hussein and two other men were convicted and sentenced Sunday to death by hanging for war crimes in the 1982 killings of 148 people in the town of Dujail, as the former leader, trembling, shouted "God is great!"
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After the verdict was read, Saddam yelled out, "Long live the people and death to their enemies. Long live the glorious nation, and death to its enemies!"

Clashes immediately broke out in north Baghdad's heavily Sunni Azamiyah district.

Saddam initially refused the chief judge's order to rise; two bailiffs lifted the ousted ruler to his feet and he remained standing through the sentencing.

Before the hearing began, one of Saddam's lawyers, former U.S. Attorney General Ramsey Clark, was ejected from the courtroom after handing the judge a memorandum in which he called the trial a travesty.

Chief Judge Raouf Abdul-Rahman pointed to Clark and said in English, "Get out."

In addition to the former Iraqi dictator and Barzan Ibrahim, his former intelligence chief and half brother, the Iraqi High Tribunal convicted and sentenced Awad Hamed al-Bandar, the head of
Iraq's former Revolutionary Court, to death by hanging. Iraq's former Vice President Taha Yassin Ramadan was convicted of premeditated murder and sentenced to life in prison.

Three other co-defendants were convicted of murder and torture and sentenced to up to 15 years in prison.

One defendant was acquitted for lack of evidence.

Wow, bring it on, we're ready.....

بي

Jalal al poll

.

Aimed strategic economic development. National social for the years 2005 to 2007 restructuring of the national economy and to expand its productive base and quantity The adoption of market mechanisms, liberalization of prices and trade restrictions, and the private sector has been given the lead role in achieving that goal, through address : economic stagnation, launching the exchange rate of the local currency, the cancellation of price support policy,

Rumour on IIF about a reval on 15th......

Originally Posted by Adster

Wow, bring it on, we're ready.....

بي

Jalal al poll

.

Aimed strategic economic development. National social for the years 2005 to 2007 restructuring of the national economy and to expand its productive base and quantity The adoption of market mechanisms, liberalization of prices and trade restrictions, and the private sector has been given the lead role in achieving that goal, through address : economic stagnation, launching the exchange rate of the local currency, the cancellation of price support policy,

Liked that one also.

Did you also saw the post with the statement of I believe Dr. Skinner

"Iraq has fullfilled all his International Obligations"

I think this means that Article VIII must be signed and that they are ready to boost that economy very soon or even maybe today with a good RV!

Originally Posted by kiko

Liked that one also.

Did you also saw the post with the statement of I believe Dr. Skinner

"Iraq has fullfilled all his International Obligations"

I think this means that Article VIII must be signed and that they are ready to boost that economy very soon or even maybe today with a good RV!

Yea, it's the most logical time to do it. What better way than to curb some of the violence on the day Sadman is sentenced to death, kinda like taking their minds off it, and money has a way of doing that!

We'll see, all we know is every day is a step closer, am still confident of a reval sometime this month.

Originally Posted by Adster

Rumour on IIF about a reval on 15th......

Where? There isn't much new in terms of rumors... i believe the 15th was mentioned due to a certain conference call along with the unsubstaniated rumor of troops getting Dinar or beind told to hold Dinar... so this is a rumor with no facts behind it.

I am not sure if this was post, But if it was sorry.

The benefits of joining the IMF and the World Bank
03 November 2006 (Al-Sabaah)

Economists, concerned Iraqis and foreigners disagree on the subject above while some of them believe that Iraqi government has rushed to resort to the IMF and the World Bank to reschedule its debts on the terms of implementing the policy of economic reform; however, only (11.6) billion dollars of the foreign debts have been quenched as a first stage, and this only makes (7.8%) of the foreign debt. It is a small percentage in return for submitting to the conditions of the economic reform policy, which include:

1- raising support for the prices of fuels and other services.
2- Canceling the ration card.
3- Privatization of the public sector and transfer most of its business to the private sector.

However, the application of these procedures in light of the current circumstances of the country and this speed has serious negative repercussions on the Iraqi society who is suffering already. It is unreasonable to convert a centrally planned economy based on the absolute leadership of the public sector for four decades into a liberal economy based on free market economy, overnight. After the events of 942003, Iraq suffered from political and economic shocks that are intolerable for a developing country like Iraq.

According to the latest statistics of the Ministry of Planning and Development Cooperation in Iraq, (60%) of the citizens are below the poverty line. So, if the ration card is abolished and subsidies on fuel prices and services are removed, how many will their percentage be? Moreover, the unemployment rate was between (40% - 50%), when taking these measures, the increase would amount to more than that; this means that poverty line will increase and thus increasing rates of crime and corruption since Iraq is considered one of the young population nations whose population pyramid has a broad base and unemployment are concentrated in the younger ages, that (3) out of (4) Iraqis under the age of 25 are unemployed. The concentration of unemployment in this group of age had very dangerous political and social consequences since unemployment is considered a fertile environment for the growth of crime, extremism and violence which emerged strongly to the surface in Iraq, particularly after the events of 942003 and left serious negative effects on Iraq. There are many examples for such dangerous consequences, like: (the revolution of bread in each of Egypt and Tunisia, and the revolution against raising fuel prices in Yemen, etc.).

Despite all this, we believe that Iraq can achieve benefits when joining the IMF and the World Bank. There will be a genuine development, as the case now in some Gulf countries, Emirates for example, through encouraging investments in vital and important sectors, such as the agricultural, through many inducements like the granting of loans and tax exemption etc... The remaining investments are left free to supply and demand. Since Iraq has natural resources of cheap prices, surely the costs of production will be much less than other countries; therefore, it is possible to manufacture materials then export them. Thus, why do we, now, import cement of bad types when we already have the fine raw materials for manufacturing this material? ِ Another benefit of the accession, is that we will get cheap raw materials to help our industry, and we will also import expertise and technology to create developed industry and agriculture.

But what is happening in Iraq now is that some places are built and others are demolished. Therefore, Iraq is at an important crossroads that requires from everyone, especially economic policy-makers in the country, to review the ideological basis and economic theories which they use to form the policies and the applications should be compatible with the concepts of modernization and reform promoted for, and this is one of the biggest economical challenges that we face today.
Thus, the deteriorating reality between the suffering of the society and with the requirements of the economical policy of the State, raise a question: what do we do to walk out of this crisis without a flaw negatively affecting the economic process of the citizen and the state as well?