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

The Minister of Finance announced the adoption of the new retirement
Wednesday, 15.11.2006, 11:54 am (GMT)

Finance Minister announces retirement Adoption of the new law and describes the coming budget Balanfjarih Baqir al-Zubaidi, the Minister of Finance said that the new retirement law has been approved by the ministry after a series of discussions with the International Monetary Fund were referred to the Council of Ministers to approve the finalization of pointing out that the new law suits and ef Head made by citizens during the years of service and added Zubaidi that this law will be applied as soon as possible and, if approved by the Council of Ministers and the House of Representatives, described by Finance Minister in a meeting conducted by the Iraqi Mahaliom that the coming budget is a budget of explosive and it will rise in the proportion of investment funds

Translated version of http://www.iraqimedianet.net/article/Economy/2748/

Good news!

www.iraqigovernment,org story link below
another site story on the best news yet IMO

The Republic of Iraq

مجلس الوزراء- دائرة الإتصالات الحكوميةCouncil of Ministers-the governmental communications

العلاقات الإعلاميةMedia Relations

Press Release بيان صحفي /Press Release Press release /

الأثنين 13-11-2006Monday 11 - 13-2006



البنك المركزي يعتمد سياسة نقدية مشددةThe Central Bank adopted tight monetary policy

لمعالجة ارتفاع معدلات التضخمTo address the high rates of inflation



صرح مصدر مسؤول في البنك المركزي العراقي حول الظاهر ة التضخمي ة بما يأتيAn official source at the Central Bank of Iraq around e apparent to the following e-inflationary

Following the Central Bank of Iraq j is not a current e Tjahat the apparent e-inflationary e and reflections on the paths of economic growth has a impact of a revenge unwanted e economic stability and the ability to the allocation of resources between the various activities of the economy The conditions of a particularly Jtmaeih the standard of living of the poor and low income, and notes a n inflation in the Iraqi economy, which negatively affected the security conditions resulting from two sources :

First : the bottlenecks عر z in the real sector concentrated mainly in the processing sector fuel, as well as its negative e the costs of transport and communications and production costs of a affecting the.

Second : the impact of large the aggregate demand for goods and services in the economy.

We have reached the annual rates of inflation high levels exceeded 50%. وAnd in spite of the developments of a fifteenth of a back index of a consumer frenzy (as an indicator of inflation) during the month of September / 2006 that represented a decline of 13%, not a n a rate of inflation of a Sas (the index of consumer prices excluding fuel and lighting, transport and communication), which represents the effects of the aggregate demand for goods and services in the Iraqi economy, what remains high and the level of not less than 33%.

He pointed out that the Central Bank notes, in a he flew up the economic spending e e in general and the implementation of e monetary policy in particular, that is not a revenge inflationary e e resulting from the supply bottleneck tires require addressed through means of a e affecting the economy of spending Yeh, which is outside the influence of the Central Bank of Iraq j and monetary policy adopted e H, realizing that the inflationary effects of e index basis, resulting from the e demand could become a case of me rooted e e in components and joints, the Iraqi economy if not addressed through the measures and did not yet a necessary and available e e of spending AT the macroeconomic and financial policies in particular, cash-e, it found the Central Bank and after-depth analysis of these policies that causes inflation return basis the factors of a T-H :

The disproportionate rate of the Iraqi dinar supreme prevailed with the real level that reflects the capacity of the Iraqi economy achieved and conditions of flows of foreign currency to the following :

Improved a Iradat oil derived m n a high the frenzy of oil in the world market during the past two e of a Gertin, which reflected the breadth of the ongoing expenses of government e e.



capacity expenses multinational forces stationed in Iraq. , which are internal cover their expenses in foreign currency. As well as the flow of foreign aid is different still available in the local market and foreign currency.


The Almusderali that the Iraqi Central Bank believes that the above factors contributed to their widespread phenomenon of dealing in dollars (Dollar), which are outside the influence of monetary policy, The trends negatively affect the stability of the monetary demand and monetary policy course of action and its role in the stability of the financial market and the Iraqi dinar.

In terms of public expenditure has increased paragraph salaries and wages has accelerated during the past two years to reach 60% of GDP-oil after the increase does not exceed 35% till the year 2004.
غيرHe said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in Altsid j to the dollarization phenomenon, which is one of the factors -
The desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation. Furthermore, the Central Bank will adopt interest rates help to diversify financial market instruments religion gradually terms at the same time enabling increased levels of savings and control the levels of cash.
He went on to say that these measures will provide a climate conducive to the economic stability which will pave the way for reconstruction and achieve the required growth. in addition to higher levels of employment and reducing unemployment, which will be channeled all in the future of the Iraqi economy and prosperity.

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Originally Posted by kiko

The Minister of Finance announced the adoption of the new retirement
Wednesday, 15.11.2006, 11:54 am (GMT)

Finance Minister announces retirement Adoption of the new law and describes the coming budget Balanfjarih Baqir al-Zubaidi, the Minister of Finance said that the new retirement law has been approved by the ministry after a series of discussions with the International Monetary Fund were referred to the Council of Ministers to approve the finalization of pointing out that the new law suits and ef Head made by citizens during the years of service and added Zubaidi that this law will be applied as soon as possible and, if approved by the Council of Ministers and the House of Representatives, described by Finance Minister in a meeting conducted by the Iraqi Mahaliom that the coming budget is a budget of explosive and it will rise in the proportion of investment funds

Translated version of http://www.iraqimedianet.net/article/Economy/2748/

Good news!

where have you been?? lol
this was pages ago,, were havin a good news flood!!

...grabs kiko's arm and starts dancin around forum...

The Directorate of Social Welfare in Karbala begin distributing salaries on families

Director of Social Welfare in Karbala Messenger sounded "The Directorate start as of today, Wednesday, and the coming days, the distribution of salaries to more than (11100) family for the past three years." He sounded in a press statement, "It will be handed over salaries for about seven thousand families enrolled in the Social Welfare Department and issued identity through postal services in the cities of Karbala governorate." He noted, "it will be next week, the distribution of salaries of more than (4100) family of registered salaries network of social protection, and for the same months. "

(1:49 pm Baghdad time)

Originally Posted by shotgunsusie

marsadiraq.com

Sorry not sure where you got your quote from but i had to comment on this article...

Wolfowitz : Iraq needed more advice from his need for money
15 / 11 / 2006
Strasbourg (France) (Reuters) - Paul Wolfowitz, President of the World Bank on Tuesday that Iraq needs the advice of the need for more money from international donors to rebuild its institutions. He added Wolfowitz, which has plans to open a permanent office of the World Bank in Baghdad to coordinate aid donors that Iraq is not the best use of funds obtained by already. His "I do not say they do not need the money but they have a lot of money but is not being used in an appropriate way and they know it." He informed the European Parliament Development Committee, "What they need is assistance in the building of institutions and better management of public finances, and advice on how to manage the oil sector better. And I think they need to assist in the management of social safety nets. This policy advice, not money. " He added that he did not know what steps to be taken by the United States in Iraq after the Republicans lost the majority in Congress in the elections which took place last week, with among other reasons due to voter dissatisfaction of the American policy of the administration of President George W. Bush's Republican on Iraq. He said Wolfowitz, "I do not know how to change the policy of the United States in Iraq. I know they will not come to the request of my opinion. " He added : "I am not informed enough on political and security issues even give advice unconvincing." It was Wolfowitz, the deputy American Defense Secretary Donald Rumsfeld, resigned during the Iraq war and a prominent defender of the war. Rumsfeld, who resigned after the defeat of the Republicans in the elections of the Congress term. He promised the Democrats who control the Congress, starting from January January conducting audits of strong American policy on Iraq, including the programs of reconstruction and stabilization after the war.

Wolfowitz said he is "not informed enough on political and security issues, even to give advice..."

Ok, first i'll admit he's been at the World Bank since Jamuary '05.... but he was a prominent architect of the foreign policy of the George W. Bush administration known as the Bush Doctrine, which resulted in the invasion of Iraq. How can he not know??

Ok, he also said, "I do not know how to change the policy of the United States in Iraq. I know they will not come to the request of my opinion." Wait a minute... he was a involved in the original policy! I find this statement absurd. Anyone else??

Here are a few other jobs he has held.
Deputy Assistant Secretary of Defense for Regional Programs under Jimmy Carter
State Department Director of Policy Planning under Reagan.
State Department Assistant Secretary for East Asian and Pacific Affairs under Reagan
From 1986-89 he was Ambassador to the Republic of Indonesia
From 1989-93 he was Undersecretary of Defense for Policy
For 8 years he went into academics....
He returned to government from 2001-05 under U.S. President George W. Bush serving as U.S. Deputy Secretary of Defense reporting to U.S. Secretary of Defense Donald Rumsfeld.

Ya, he has no idea...

Man, this made me laugh - thanks Wolfowitz.

The arrest of one of the leaders of Al-Qaeda in southern Baghdad.

Interior Ministry announced the arrest of one of the leaders of Al-Qaeda today, Wednesday,. The source in the ministry said that the named Abdullah al-Jabouri was arrested during a military operation in the Arab Jabbour region south of Baghdad. Without giving further details.

(12:55 Baghdad time)

Iyad al-Samarra'i : Maliki suggested the inclusion of two ministerial change in the expected

Deputy Accord Front, Iyad al-Samarra'i, "Prime Minister Nuri al-Maliki suggested on the front cover of two ministerial of the five ministers in the forthcoming change." Quoting the (statement) from the UAE Samurai, saying that "under the names of the study, The Front wants to know what observations on the performance of the two ministers by the Prime Minister. " He pointed out that "the post of Deputy Prime Minister in the event of a cabinet reshuffle would be covered by the amendment."

(10:29 Baghdad time

Saleh to meet governors of Nineveh and Diyala, Salahaddin

He met with Deputy Prime Minister Barham Salih in his office Governors Nineveh and Diyala, Salahuddin, it was during the meeting discussing the economic situation and service in those provinces. A statement of the Office of the Deputy Prime Minister received Radio (Tigris) copy, "Saleh briefed on the reality of the situation in these provinces and listened to the problems and obstacles that prevent the upgrading service and the Economic and Social Council," he said. The statement added that "Saleh pointed to the need for concerted efforts and the possibilities for improving the economic level, and improving the performance of the economic institutions and municipal."

(9:25 Baghdad time)

The government has asked the Security Council to extend the survival of the multinational forces in Iraq

The Iraqi government has decided to apply to the UN Security Council to extend the stay of the multinational forces in Iraq for another year. He said Foreign Minister Hoshyar Zebari said, "This will be coupled with the demand this time, the relationship between the government and the multinational forces through the Iraqi forces greater powers and security capabilities." He added during a meeting held yesterday, Tuesday, with the heads of Arab diplomatic missions and foreign adopted in Iraq, said that "the extension request comes in the light of discussions and negotiations between the political leadership and the government and the parliament." He pointed out that "the international community and the States permanent members of the council to understand the circumstances in Iraq."

(9:06 Baghdad time)

Turkey condemns the idea of dividing Iraq into three separate states

Turkey condemned the statement in some of the statements that the division of Iraq into three separate states could restore peace. He said Turkish Foreign Minister Abdullah Gul in a press statement that "the disintegration of Iraq will the region to the era of darkness." Pointing out that "Turkey and other neighbors of Iraq will not stand idly by in the event of the statelets to Iraq because of this project would not serve the region." Gul also stressed the "need to support the government and the Iraqi people in establishing security and democracy."

(7:44 Baghdad time)

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the investment climate to attract workers for the entry of foreign capital
عماد الامارةImad Principality
Investent climate conditions affected the political, social and institutional development in the host country, These factors have a significant impact as a unit of overlapping can not downplay their significance. In this direction pointed financial expert in the Ministry of Finance (Hilal war) to several factors affecting the (investment climate), including in Iraq, the lack of supporting institutions for a market economy

The fact that the existence of such institutions is working to attract foreign investment and the instability of the political situation and security is one of the determinants facing the entry of foreign capital to a country in Iraq, for example, takes this side of 30% - 40% of project expenditures operating in the country. ) قانون الاستثمار الاجنبي رقم (39) لسنة (2003) ولتسهيل جذب الاستثمار الاجنبي والذي جاء تطويرMarch and investment in Iraq despite the attention given to the importance of foreign investment, through laws before the fall of the regime, as well as by the authority (the occupation) after the events of 4-9-2003 and submission of the proposal (text) Foreign Investment Law No. (39) for the year (2003) and to facilitate the attraction of foreign investment, which stated (that facilitate Alastth foreign Mar will help develop
The infrastructure and increase the growth of Iraqi industries and contribute to the creation of jobs and increase capital
Finance and result in the entry of new technology
Iraq's).
Hilal pointed to the fact that security was heavy shadow on the march and got several international meetings on this subject and promises to invest 38 billion dollars did not receive the state only a little added through the frameworks discussed in the economic, social and particularly in the economic structures and conditions of the economy Yeh prevailing in the country and the range of development must focus on basic infrastructure in Iraq, such as health, education and means of communication, water and sewage networks, electricity and other services which are pillars to be fulfilled in any process they play an important role not only in determining the investment volumes as a the polarized in host economies and even distribution between sectors and this has made many nations in a competitive race to attract (foreign investment) through direct facilities without extensive consideration of the social effects resulting from the lack of proper planning to pay many of the economic institutions for Pththi R. Governments led astray by those policies and social impact (Helal) described the environment as a paramilitary Iraqi infrastructure destroyed therefore the responsibility rests on the planned mission in the Iraqi economic consideration of the reality of the Iraqi budget in the process of attracting foreign capital through programs that the Iraqi economy and the promotion of modernization and merging the global economy, according to legislative axes that are flexible, attractive and the creation of (economic environment for investment) and requires that work according to several factors, including the stabilization of the Iraqi currency (the dinar) because studies proved the existence of a negative correlation between the exchange rate and the flow of foreign investment because of exchange rate exchange lead to the rapid changes in the relative profitability of investment returns, the strongest factor is the reduction of (inflation), which in turn affects the movement of capital as it affects the production costs and profitability of the market and the investment climate studies conducted over 54 developing countries emerged that there was a negative correlation between high rates of inflation and foreign investment because of the weakness of the economy in the host countries, which poses a threat to investors and then work on the development and promotion of exports, especially non-oil and reorganization (of the banking system) to meet the economic conditions of local and foreign work on controlling the deficit in the (budget) of the Iraqi State and mitigation of (foreign debt) and to develop the infrastructure and facilities insisted Yueh in the Iraqi economy as well as that we should find new incentives commensurate with the needs of investors and implementation of promotional campaigns to identify the advantages and the attractiveness of investment in the host country (Iraq) ... ( Hilal) said that foreign investment is affected by the extent of political stability in the host country that the political factor more a factor dummy to take different (private investment decisions), and even the Assembly and the fact that this is a group of several risks in the investment process, including (nationalization, the confiscation of private property, government intervention in economic activity) and this impacts negatively on building economic projects and create obstacles to attracting foreign investment.

Translated version of http://www.alsabaah.com/

Originally Posted by shotgunsusie

The Directorate of Social Welfare in Karbala begin distributing salaries on families

Director of Social Welfare in Karbala Messenger sounded "The Directorate start as of today, Wednesday, and the coming days, the distribution of salaries to more than (11100) family for the past three years." He sounded in a press statement, "It will be handed over salaries for about seven thousand families enrolled in the Social Welfare Department and issued identity through postal services in the cities of Karbala governorate." He noted, "it will be next week, the distribution of salaries of more than (4100) family of registered salaries network of social protection, and for the same months. "

Is this the $10k handout??????

Originally Posted by noced71

Is this the $10k handout??????

The Directorate of Social Welfare in Karbala begin distributing salaries on families

Director of Social Welfare in Karbala Messenger sounded "The Directorate start as of today, Wednesday, and the coming days, the distribution of salaries to more than (11100) family for the past three years." He sounded in a press statement, "It will be handed over salaries for about seven thousand families enrolled in the Social Welfare Department and issued identity through postal services in the cities of Karbala governorate." He noted, "it will be next week, the distribution of salaries of more than (4100) family of registered salaries network of social protection, and for the same months.

this sounds to me like some other kind of handout only in karbala. its cash too of which the 10 grand is not. they stated cheques.

i wanted to make this point tho, "it will be next week, the distribution..." make any sense to hand them worthless dinar next week???

Free trade and development
مهند حميد الربيعيMuhannad Hamid spring
وزارة التجارةThe Ministry of Trade
While thinking of the developing countries in how to secure its economic future, it will be useful to recall the words of former Executive Director of the Bank of Krupp "City" and Walter. Riston "fading of the sovereign author of the book (that capital goes to where it is needed and stabilize the place, which improves treatment). There was extensive discussion of the place that needs capital and the meaning of good treatment.
A few years ago the American Chamber of Commerce survey identified a so-called "Recommendations of international investment", which has become a guide to be followed by government bodies in order to attract capital needed by the process of economic development, on the one hand, On the other hand, the guide is adopted by many global ratings agencies, "agency Moody" by which classified countries in terms of investment environment negotiable or not, according to this classification, either that the State station to the stability of capital or the outflow of it. These principles, in a nutshell, that the companies and international investors falls Wen to : -
policy stable and predictable macroeconomic level : must be in the company of confidence in the economy, which invest the money to be administered in an efficient non fluctuates, any investor to be convinced that the law firm and not subject to change.
Two-low political risk, so the investor able to rely on the coherence of the host government and its ability to maintain law and order, This is essential to any long-term investment.
Three-large market capable of growth, since the size of the domestic market, and its potential for growth with a positive purchasing power to consumers in this market is a major incentive for investment, Companies do not want to invest in the market of low profitability.
free access to markets : the important factor here the competition to the degree of government intervention (whether by the government or investor host government) in the freedom of entry to and exit from the market, State, The more free market whenever it more attractive to international investors.
a minimum of government rules, so we must keep the cost of government intervention and government rules in the affairs of the profitability of the private sector to a minimum.
rights and the protection of property : must protect private property, therefore it is necessary to avoid theft of property ownership companies whether tangible or intangible, such as patents, copyrights ... etc..
a strong infrastructure, ie, the ability to complete transactions and the delivery of products and services to markets. These may include infrastructure for transport services, electricity, insurance and accounting services and financial system or any of the fundamental factors that can not invest yield financially without it.
availability of high quality production elements : When it comes investor and the capital, technology and management, expected to add to the domestic market of skilled labor and raw materials in order to complete the system of success and profits.
strong local currency : they must preserve the value of the local currency. If placed in an investment dollar and then devalue the local assets, "resident in the local currency," which has lost part Sometimes all Astthmark original dollar.
free transfer of profits and interest income and equities, since the most important principle to the investor is to make a profit and get out.
11- favorable tax environment : taxes must be encouraging for the expansion of business. In spite of the importance of tax incentives offered to attract new investments. However, the company's decision to invest or not usually built on how the tax system to normal operation after the establishment of the project.
free operation of markets, so the company should be able to use the products they produce in a market to serve their production in other markets in order to maximize the overall efficiency and achieve better operation of production lines in the global markets, any sense of the integration of their production.
The above is not easy or simple to implement, so, the expected results do not come quickly. and the governments are free to promote these features or principles. However, we should note is very important that the protection systems and other forms of economic isolation does not lead to independence as long as generate economic isolation in a global environment and head toward more openness and economic liberalism and thus economic integration, isolation does not serve the interests of economic development, could have previous experience had succeeded in achieving economic development independently, But this happened - as specialists-in a historic radically different from the conditions and realities of the current stage. on the one hand, On the other hand, these experiences have stopped at a certain failed with the continuation of the policy of isolation and obscurity had to face reality and return to integrate into the global economy. The road to success will not be easy or smooth, but we have to be road full of difficulties and obstacles in order to be prosperous and continuing success.
So, it is necessary to deal on the basis of the policy of fait accompli and equal treatment with other economies that have become economic structures similar to a large extent not contain any substantive differences except for the differences imposed by the privacy enjoyed by each State or economic bloc itself, This similarity is one of the advantages of the current global economic system, which was designed to complete the process of integration and economic integration between the economies and the international transfer of the image of the global economy Standard
Translated version of http://www.alsabaah.com/