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

Originally Posted by Mike

So from the end of May-beginning of June, it moved to end of June, we'll see :)

Mike, some people have been in this for 2.5 years, if your patience is waning after a few weeks maybe this isn't the investment for you.

I'm liking the second paragraph....


WTO
The investment promotion agency in the Kurdistan region in cooperation with Iraqi Economy Development Center recently held a seminar to discuss Iraq accession into the World Trade Organization.

The participants emphasized the first step in joining the organization is to reform the economy and legislation of Iraq according to international standards. The chairman of the agency said that the Kurdistan strategy is to develop the economy of the region, reform the banking system, and benefit from Arab and foreign investors experience.


http://www.izdihar-iraq.com/news/PDF...28_roundup.pdf

So good to see you Adam! Welcome back. Hope your vacation was well. Thanks for the updates already.

Originally Posted by choochie

So good to see you Adam! Welcome back. Hope your vacation was well. Thanks for the updates already.

Apart from the cancelled flight and the food poisoning for Mrs A, yes it was great thanks!

I'm going to do some fishing, see what's been going on....

maliki filling posts

He's going to do it! Could well be that although we don't need these posts filled to peg the dinar they now WANT to fill the posts before they do it. Least with Maliki he gets on with doing it. I still believe we'd have jacked in our day jobs months ago if it wasn't for Jaafari delaying everything.

Prime Minister Nouri al-Maliki has announced he will fill vacancies at the crucial defense and interior ministries over the weekend, despite failing to reach an agreement on candidates with
Iraq's fractious ethnic and sectarian parties.

http://news.yahoo.com/s/ap/20060602/ap_on_re_mi_ea/iraq

Checkout second last paragraph.....so so true, pegging th dinar would so do away with a lot of the insurgencies. Why they need to do it asap.


For Abbas Mohamed al-Sakri, the 20 years he spent studying Arabic literature was "a big mistake" because he remains unable to get a job with his degree.

"For the past three years, I sent dozens of job applications to government ministries," said the 28-year-old al-Sakri. "But all were in vain. Members of influential political and religious parties are given preference, even though they aren't qualified."

According to Mohamed Taha al-Mousawi, an adviser at the Ministry of Labour and Social Affairs, the national unemployment rate surpassed 60 percent last year. "And the rate rose further in the first quarter of this year, as many policemen and army members quit their jobs due to threats by militants groups," al-Mousawi said. He added that his ministry had no plans to promote employment until the security situation had improved.

Iraq's high unemployment rate was also recently acknowledged by the First Lady. Speaking at an international conference devoted to women in business in London on 23 May, the wife of President Jalal Talabani stressed that high unemployment levels made disaffected youths easy targets for recruitment by extremists.

Hero Ibrahim Ahmed, a respected businesswoman and founder of the Kurdistan Women's Union, agreed. She warned that that joblessness could be expected to increase further, especially in central and southern Iraq. "Unemployment levels have exceeded all limits," she said.

Locals, meanwhile, especially those with big families, complain bitterly about job scarcity. "I can work only two or three days a week due to the huge labour pool," said Ahmed Fiza'a, a 25-year-old day labourer, as he stood amid a group of about 100 workers in Baghdad's northern Kazimiyah district. "I earn about US $8 a day, and I'm the eldest in an eight-member family...I have to feed them all."

Last month, a top US General in Iraq said that the only way to defeat the insurgency and bring stability to the country was by boosting the economy and creating hope among disaffected young people. "A prosperous Iraq will be a peaceful Iraq," said Lt. Gen. Pete Chiarelli, commander of the Multinational Corps in Iraq. "By creating jobs and opportunity, the government would take away a major source of support for violent movements."

In the meantime, 28-year-old Omar Salah Jassim has despaired of government promises, deciding instead to earn his living selling cigarettes from a wooden stall in a bustling bus station in Baghdad. "Earning about US $10 a day this way is better than begging at the government's door," said Jassim, who holds a degree from Baghdad's University's education faculty.

Originally Posted by Adster

Checkout second last paragraph.....so so true, pegging th dinar would so do away with a lot of the insurgencies. Why they need to do it asap.


For Abbas Mohamed al-Sakri, the 20 years he spent studying Arabic literature was "a big mistake" because he remains unable to get a job with his degree.

"For the past three years, I sent dozens of job applications to government ministries," said the 28-year-old al-Sakri. "But all were in vain. Members of influential political and religious parties are given preference, even though they aren't qualified."

According to Mohamed Taha al-Mousawi, an adviser at the Ministry of Labour and Social Affairs, the national unemployment rate surpassed 60 percent last year. "And the rate rose further in the first quarter of this year, as many policemen and army members quit their jobs due to threats by militants groups," al-Mousawi said. He added that his ministry had no plans to promote employment until the security situation had improved.

Iraq's high unemployment rate was also recently acknowledged by the First Lady. Speaking at an international conference devoted to women in business in London on 23 May, the wife of President Jalal Talabani stressed that high unemployment levels made disaffected youths easy targets for recruitment by extremists.

Hero Ibrahim Ahmed, a respected businesswoman and founder of the Kurdistan Women's Union, agreed. She warned that that joblessness could be expected to increase further, especially in central and southern Iraq. "Unemployment levels have exceeded all limits," she said.

Locals, meanwhile, especially those with big families, complain bitterly about job scarcity. "I can work only two or three days a week due to the huge labour pool," said Ahmed Fiza'a, a 25-year-old day labourer, as he stood amid a group of about 100 workers in Baghdad's northern Kazimiyah district. "I earn about US $8 a day, and I'm the eldest in an eight-member family...I have to feed them all."

Last month, a top US General in Iraq said that the only way to defeat the insurgency and bring stability to the country was by boosting the economy and creating hope among disaffected young people. "A prosperous Iraq will be a peaceful Iraq," said Lt. Gen. Pete Chiarelli, commander of the Multinational Corps in Iraq. "By creating jobs and opportunity, the government would take away a major source of support for violent movements."

In the meantime, 28-year-old Omar Salah Jassim has despaired of government promises, deciding instead to earn his living selling cigarettes from a wooden stall in a bustling bus station in Baghdad. "Earning about US $10 a day this way is better than begging at the government's door," said Jassim, who holds a degree from Baghdad's University's education faculty.

This is awsome! Getting excited again!

You do that choochie! more good things....first paragraph and the part saying 'The government has now been in place'... Both huge signs and hints of what is needed and will happen soon IMO. Remember the US hold the strings, what they want will happen, they just can't make it look too obvious to the outside world.




Working Iraq economy also key to withdrawal
02/06/2006
Source: News-Leader


Speaking by phone from one of Saddam Hussein's former palaces in Baghdad Wednesday, U.S. Congressman Roy Blunt said a functioning Iraqi government and "an economy that works," are the keys to bringing American troops home from Iraq.
But he warned against abandoning the fledgling democracy before stability is brought to the region.

Blunt, R-Springfield, is in Iraq this week, checking on the country's newly formed democratic government and visiting with American troops from Missouri and Kansas.

His visit comes during a cycle of bad news from Iraq, as the Pentagon investigates the Marine Corps' involvement in 24 civilian killings in Haditha, and the Iraqi prime minister declares a state of emergency in the city of Basra.

"What needs to happen here is the Iraqis need to take responsibility for their own future," Blunt said.

"Once they've done that, there's no reason for us to be here. And establishing the first permanent elected government is a huge step in the right direction."

Pulling out now, Blunt said, would plunge the country into chaos.

"While (American) enthusiasm and support for the policy in Iraq is clearly waning, people understand we have made a commitment here, and the most dangerous thing would be just to walk away from it," he said.

Blunt is traveling with a congressional delegation including fellow Missouri Republican Rep. Sam Graves; Sen. George Allen, R-Va.; House Minority Whip Steny Hoyer, D-Md.; Rep. James Clyburn, D-S.C.; and Rep. Rodney Frelinghuysen, R-N.J.

Earlier in the week, the legislators stopped in Turkey to discuss issues related to the northern Iraqi border.

And Tuesday, the delegation became the first to visit with government leaders of the Iraqi city of Arbil, the capital of northern Iraq's Kurdistan region.

The Kurds are "much more stable and aggressively pro-American, and they have a dozen-year head start on the rest of the country," Blunt said. "The no-fly zone gave them a level of autonomy that really, really allowed them to get a head start on self government."

Wednesday, the delegation met with its newly named Iraqi counterpart in Baghdad.

Though Iraq held elections last year, it's taken months to seat the country's first permanent government. Blunt said the delay was due to bickering among factions for top seats.

"I was disappointed that it took so long," he said. "Nobody was willing to give in."

The government has now been in place two weeks — long enough Blunt said, to begin moving past political procedures and get down to the business of rebuilding Iraq.
"Now that we've got a permanent government, they've got to move from a collectivist economy to a privatized and competitive economy, a global economy," said Blunt.
"All those thing the Poles had to learn and the Baltic countries had to learn, this county now has to learn."

Blunt planned to meet with troops from Missouri and Kansas in Baghdad today before the delegation travels to Kuwait. It will then go on to to Pakistan and Afghanistan before returning to the states later this week.

Officials with Blunt's office said the trip was considered official business, funded by taxpayers through the Department of Defense.

Originally Posted by Adster

Mike, some people have been in this for 2.5 years, if your patience is waning after a few weeks maybe this isn't the investment for you.

Since when is my patience involved here? My post wasn't in regards to my patience but rather pointing out the fact that now the date moved from end of may-beginning of june to end of june, and thus showing this isn't a done deal. And showing that it won't peg anytime soon


And I don't need you advice on what investments I should make and what not.

i don't think adster offered any advice to you on investments mike.....with the situation in Iraq its rumors as of when it will peg...but...unlike pips.....this dinar will peg....maybe in june...maybe in july...maybe in august.....but again...it ""WILL"" peg...not maybe u will get ur money back...as in pips...which has been how long now??....16 months or more......u will get a return on your dinar......maybe not as fast as you or I would have liked....but it will happen.....i sure won't bash adster because his insiders missed the peg date....he has been on the money on several occassions in this forum.....and one more time...."""IT WILL PEG SOON"""....IMHO.....GO DINARS...Pat