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

Originally Posted by ozizoz

the sad thing is . . .Im not excited anymore. I know it will happen and I'll have a chunk of change, but this emotional rollercoaster has taken all the fun and excitement outta the ride . . .like the same rollercoaster over and over and over.

I just want somethin to happen one way or another so I can get on with life. . . enuf Groundhog Day. I never would have thought it would become anti-climactic

Dont worry . . .I havent turned to the dark side

Sorry in advance Neno--I couldn't pass this one up...


I know EXACTLY how you feel...I keep looking for news, so that I can continue to be involved in a positive way...I dont doubt that it will happen--I just don't know when...I was pretty intense for a while...now...well, It's looking that I'll have to go to work on Monday....just don't know if I'll have to wear my uniform at this point.

Hang in there Oz...We'll keep plugging away at it...until we don't have to.

Cheers, Tracy

Originally Posted by shotgunsusie

the money is going out today. + people need financial help (and would be p.o.ed if it was a few bucks) and the economy needs a boost. =

(a.) REVALUE THE DINAR (b.) REVALUE THE DINAR (c.) REVALUE THE DINAR

you do the math.

Oh alright I get it now....

We are hoping they will RV tomorrow then??? Right??


I don't mean to be a negative Nelly here I swear....It is just after 3 yrs....I just don't have any idea what the FACK is gonna happen any more than I did back in 2004......

Thanks, your enthusiasm is good news to me!

Originally Posted by CharmedPiper

I am absolutely ecstatic.....I believe this is it....I would expect to see the CBI change numbers before the banks open, if that is the case we should see something this evening....I would guess. I think this is the biggest news we have had yet.....MAYBE THEY HEARD ME YELLING TO FEED THEIR KIDS.....!!!

Originally Posted by DayDream

also from almada paper:


Quote:
What we are witnessing today is slack in the market movement was mostly due to the exchange rate,which is not realistic.Insisting it may be possible because of the individual interests of the ruling classes of new levies dollar salaries or deliberately introduced to a high exchange rate would enable them to live well-being and Bb*kh not ask after that the ration of sadness today by the Iraqi

In a nutshell...whats your spin on this Susie? I wish they'd learn to speak English.

Cheers!
DayDream

my take is they are justifying what is about to happen. over and over and over again, lol.

The cost of living is cheaper in Syria?? 1 USD = 49.8 syrian pounds...FYI And this is just another straw on the camel's back....forced divorces, 60% of the population living below the poverty line...will they reval themselves out of this terrible situation, or will there be more and more straws that will eventually break the camel's back?

Serious brain drain concerns as number of Iraqis emigrating to escape violence multiplies.


By Yasin al-Rubai – BAGHDAD

Karim Sa'id and his family looked sad as they said goodbye to their relatives.

Sa'id, 54, who has a leather-goods shop in Baghdad, has decided to take his wife and three kids to Syria, after being threatened by blackmailers.

They had shown up at this store and demanded that he pay protection money. If he refused, they said they would set fire to the premises or kidnap him or one of his children.

Rather than pay, he made plans to leave the country, sold his car, borrowed money from his brother and asked him to sell the family's belongings. With the money, he intends to set up a new business in Syria.

"I never thought about leaving my homeland before," said Sa'id. "I worked hard to make a life here, but these brutal times force you to go."

Every day, Iraqi families are packing their bags and emigrating to escape the violence tearing their county apart. The UN refugee agency, UNHCR, estimates that 1.8 million people have fled to neighbouring countries and 1.6 million have been internally displaced since the fall of Saddam. In 2006 alone, 425,000 Iraqis sought refuge abroad.

Brigadier General Sabah Mahdi, head of passport services in the capital, said demand for travel documents has never been higher. "At our six offices in Baghdad, we've noticed the number has been increasing remarkably."

Most go to Syria, Jordan and Egypt. Syria is popular because habits and traditions are similar to those in Iraq and living costs are relatively low. Sa'id hopes to rent a flat for 200 US dollars a month, a third less than a comparable apartment in Iraqi Kurdistan, where growing numbers of Iraqis are flocking.

Few of the emigrants can afford airfares, so they risk traveling overland by buses and taxis, passing through lawless areas where insurgents and criminals operate freely.

A travel agent who did not want to give his name said those who ferry Iraqis abroad keep in close contact to warn each other of danger spots. He estimated that currently between 3-4,000 people were leaving the country each day.

Many families hope to return as soon as the situation improves and security has been restored. Majid Hamid, 50, who has a print shop, said he asked a relative to live in his house until he comes back.

"I will wait patiently until things become more stable," he said. " The important thing is to be far from car bombs, explosions and daily assassinations."

Among those leaving the country are some of its most able people, such as lawyers, doctors and scientists and academics. Last year, the government sought to stem the brain drain by offering to double the salaries of skilled emigrants.

The flight of the country's best minds exacerbates a skills-shortage problem that emerged in Saddam's time when hundreds of thousands of able people left the country.


Husam Jamal, a law college professor, is preparing to leave Iraq for Syria. He fears that the exodus of professionals will deal a real blow to all sectors, especially education.

Education appears to have been singled out, with 89 university professors killed since the overthrow of Saddam, according to the higher education ministry. Some have suggested that the militants' intimidation of teachers, doctor and other professionals is intended to paralyse basic services.

Many Iraqis believe neighbouring countries sponsor the extremists in order to keep Iraq unstable. "There are hidden hands behind the exodus," said Jamal.

Meanwhile, people wait in long queues outside the passport offices. It takes up to twenty days to get new papers, which is why many resort to the black market - although they have to pay 15 times more than the official 40 US dollar charge.

Mohammed Abdul-Qadir, 45, is queuing for a new passport. He says he doesn't feel safe in his neighbourhood anymore. "It's deserted. Everyone has left for a safe haven," he said.


Yasin al-Ruba'i is an IWPR contributor in Baghdad.


This article originally appeared in 'Iraqi Crisis Report', produced by the Institute for War and Peace Reporting,

Middle East Online

Project to search for oil in Najaf and the branch of the Central Bank
Mr. Najaf governor to meet with managers of the official circles in the province of Najaf The Governor of Najaf, Asaad Sultan Abu professor tirelessly with the heads of the central services Saturday morning, 11 / 11 / 2006 in the Office of the province.
He said that Iraq is passing through a delicate and devastating war against injustice, terrorism and against those who want to return equation back to where the enemy wants to return minority rule of the majority. The death sentence the offender Saddam is a victory for justice and the oppressed Iraqi people, and that Mr. al-Maliki has taken a remarkable win when he said while ruling will become final death sentence against the criminal Saddam.
He added Professor Asad Sultan Abu tirelessly The cemetery of Najaf did not receive the number of martyrs throughout history who have gone to the cemetery during the rule of the tyrant Saddam , and the wisdom of fear prevails even in the people's homes where the man is afraid of his wife and children , and I remember we were in prison summoning hundreds of Shiites who are diploma holders were executed in Tharthar and you today to talk to Ajialkm the crimes of Saddam and the cancellation of money for the wars in Iraq is useless so that the criminal Saddam himself acknowledged that the wars unnecessary as apologized for Bush and Sheikh Rafsanjani after the end of war high-Iranian.
He said the governor : We found a cemetery on the road to Karbala - Najaf where innocent and the families buried alive civilian clothes. He called Professor Asad Sultan Abu tirelessly to provide each and every one of its position as the sons of Najaf governorate.
He said : Please be advised that Najaf emerged from the physical and cultural true of the central and southern governorates, as the distinguished services and the security situation is good so far, I thank the security forces and the strong support in the success of their plan for security during the recent events also thank constituencies that had cooperated with the security services in addition to the cooperation of citizens.
And the Democrats win in the United States said that the terrorists are trying to increase the criminals and ongoing reconstruction process in Iraq, and that the United States lift its financial support and military security to prevail before in Iraq. The governor of Najaf Messrs. officials continued to take precautions to preserve the Najaf governorate of infiltration of terrorists, especially senseless, who have organized their party on behalf of the ruling party or the nucleus return.
He said sovereignty :
• I invite you to pay attention to food security, social, financial and health Everything is within the general security situation, thank God, that the security situation in Baghdad is better than the former and there is coordination and great attention to security and safety.
• The governor had attended the International Conference with Iraq in Kuwait, attended by senior officials from Iraq and other countries of the world and there was considerable interest in the Iraqi security and Najaf were here through the presence of the governor Abokll.
•The governor we will work the investment law and Article V gives broad powers to the provinces and us, we take the initiative to extensive reforms and Najaf governorate issued Investment Law last year before issuing from the central government.
• The sovereignty over the heads of the study of the law of investment to take advantage of it, said a new law would be issued for oil is the oil investment, The federal law, which succeeded the efforts of the list of the Supreme Council bloc in the coalition, it will put a lot of oppression on the south and central regions have now been separated from the Ministry of governorates and municipalities directly linked Mr. Prime Minister.
• He added Professor Asad Sultan Abu tirelessly that the competition has become more honest now thanks to new projects, we need to speed and efficiency in the achievement, We must think of new imports of Najaf and entered new industries interest you and production and consumption and investment projects.
• In the Ra's al-Khaimah, we established a company for oil extraction in Najaf with the Ra's al-Khaimah and will be submitted to the Council and the preservation is our profit of Najaf will be 51% and Najaf is not responsible for the loss if the project lost.
•The governor said : we have negotiations for the establishment of a new refinery adjacent to the refinery, the new Najaf. And also agreed with the Director of the Central Bank to establish a branch of the Central Bank in Najaf for the activity of the industrial, commercial, as well as a new airport far from the residential area with a new massacre and mill large modern addition to the fact that Korean companies trying to find a job in Najaf, we welcome them.

The Office of the Governor of Najaf
11 / 11 / 2006

http://64.233.179.104/translate_c?hl.../nhr1111k.html

File private citizen with the reconstruction of Iraq
The ninth session
Inflation and fuel crisis in 2006
March and challenges
Visual Kamal, undersecretary of the Ministry of Finance
Dealing with the phenomenon of inflation :
We will review the financial and economic tools available cash to restore the desired balance between circulation of goods and services and the cash available to individuals. Undoubtedly, the issue of security and the high prices of oil derivatives and the inability of the economy to produce goods and services competitive Pklv all influential factors in the continued rise in the rate of inflation. And can deal with the phenomenon of inflation through Mayati :
First : work on Astekararalamen of confidence in the local market and the smooth flow of goods from the border outlets.
Second : to address the scarcity of derivatives by ending the monopoly of the State of import and sale of oil derivatives, and to allow the private sector to import and thus can control the price rises above the market price. It is essential that the state urgently implement the law, which aims to raise the Ministry of Oil monopoly for the import and distribution of petroleum derivatives, and working to find permanent legislation for this purpose. We hope that the law allows competition in the sale of oil derivatives by ensuring that a sufficient number of independent importers from one another. Since the government has already provided a draft bill to the National Assembly the previous late 2005 Alaanh are not ratified it. It should be noted that the amount of reduction (planned), in supporting the prices of oil derivatives in the current year budget was about (25%). However, due to accumulated debts derived from the import of derivatives in 2005 and payment of allocations this year, the lack of support is more real.
Third : improve the distribution of products and reduce the negative effects of the black market through the adoption of the distribution Alcabonat.
Fourth : raising interest rates in general have a role in collecting cash, which is a practice in many countries stable. However, we do not believe that have a significant impact, due to the lack of miles for savings and the absence of investment opportunities that can be fed savings. Banks find no economic incentive to raise interest rates, no individuals have the tendency to save because of consumerism (as a result of the policy of deprivation in the previous preference for spending on savings). As for the rich because of lack of confidence in the Iraqi economy, their preferred diversion of capital abroad. Accordingly, it is hard to imagine that the rate of interest rate role da m difference between the inflation rate significantly.
Fifth : raise the exchange rate, There is no doubt that the rise in the value of the Iraqi currency against the dollar would make the value of the imported less. The higher value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar. Therefore I believe that this procedure has positive effects when used with other procedures. Sixth : fiscal policy, reflected controlling public spending and the use of tax policy to reduce the cash. In fact it difficult to talk about controlling spending at a time when the government is seeking to encourage investment spending tottering (in the projects in the draft ministerial provincial assemblies). Examinations of the budget items found it difficult to reduce spending on any part of its terms. The same applies to tax, there is reluctance to pay taxes starting While we take the unemployment rate, which exceeds 25%, we find that there is a need for government spending to protect the rights of the consequences of poverty and deprivation. Seventh : the sale of government bonds in order to absorb liquidity, this is not expected to significantly impact of the procedure, but no doubt that his role will be complementary to the previous treatments, which are all aimed at creating a balance between the flow of goods, services and cash flows bloc.
Undoubtedly, the policy of correcting the prices of oil derivatives, the policy required them to activate, However, there is a need to link reform scheduling prices of oil derivatives, including governmental actions of :
1-improving public services, particularly public transport sector.
Two-expanding network of social protection vertically and horizontally.
3-deal with the security problem and reduce their economic consequences.
Four-link expenditure policy and support the production of goods and services.
5-tightening control on the distribution of oil derivatives (using the Alcabonat)

جريدة المواطن العراقية

Originally Posted by neno

Thanks choochie/. That is the way I was seeing it as a DeadLine for action.

Last night on Neil Cavuto's business show, he had an ex-military Colonel (forgive me I can't recall his name - check out foxnews.com/yourworld) who said the silver lining in this whole election is that it is indeed a deadline for action. He said Iraq can't keep drinking from the U.S. milk cow much longer and that action must be taken (I assumed from the milk cow analogy he was referring to economics) He also noted the recent terrorist rantings across the internet in which the terrorists claimed that the democrats winning in the recent elections was a win for the them and that the U.S. would soon be leaving Iraq. He said the Democrats will have to take a hard line with the war in Iraq in order to avoid looking like they have actually assisted the terrorists in Iraq. They could be damned politically -

Originally Posted by lndmn_01

Looks like they are complaining because the market is slow due to a low and unrealistic exchange rate and that it would be in the best interest of the government to raise the rate to let the Iraqi people have a better life and also that the Iraqi people may be happy about the 10k dinar handout...

You are right. They are basically saying No purchasing power equals a slow market economy. They are screaming raise the darn Rate....

Susie is this the same story rehashed or is this new?