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

Cabinet holds session

Baghdad, Nov. 20, P3

At the time that a prominent MP has revealed the presence of several political secret and public movements to support the national reconciliation, the cabinet confirmed that their members agreed to effectuate the national reconciliation and put mechanisms to get out from the current political congestion and seeking to build national state far away from sectarianism and other considerations. Meanwhile, Youndam Kana confirmed that the delegation of the national reconciliation had met during its tour for several Arab capitals that more 290 political figures outside the political process or from the opposition sides.

ÌÑíÏÉ ÇáÕÈÇÍ - Cabinet holds session

if this has been posted already, sorry

20 November 2006 (Iraq Directory)

The Minister of Finance, Baqer Jabr Al-Zubaydi, said that the Iraqi government has inherited major challenges, (3) years ago, including the debt burdens which amount to 130 billion dollars; however, many of those challenges will be passed. The Minister of Finance and his team were able to reschedule Iraq's debts, which most of them will be resolved by 2007.

Iraq's debts vanish | Iraq Updates

Originally Posted by Mike5200

Wasn't there an article that came out about 2 weeks ago where they denied that inflation was at 76% and they had gotten it back down to 50%? So if it is still at 76%, then what the CBI is doing with the auctions isn't working very well to curb inflation. This only tells me that they are running out of options and have to reval soon before inflation goes to triple digits! Comments please?

Exactly. Never believed that one.

They told us inflation = 50% they did nothing and prices only raised, so inflation could never be down.

Now we suddenly see a 76%, before the 50% it was 70%.

Agree with you. There aren't many options available. Increasing the rate of dinar what they are doing now is only the smallest thing they can do.

How can you curb this kind of inflation with 3 dinars point a day. No way, the big move must come and that one would also increase the purchasing power of the Iraqi people.

Babil Province Council Prepares Investment Plan Projects

Hila, Nov.20 p3

Babil province council prepared the suggested balance sheet investment for the coming year in the fields of municipality and services within a finance amount 75 billion dinerA source at the finance committee Raja'a Naji said that the council organized with the cooperation local sides towards preparing a mechanism technical and scientific balance plan for the coming year, showing the real need in the municipality, pointing that the suggested balance need 75 billion diner including paving, cities numbering, establishing gardens and parks besides other cleaning works for the various districts and streets.

ÌÑíÏÉ ÇáÕÈÇÍ - Babil Province Council Prepares Investment Plan Projects

Originally Posted by lndmn_01

That would be the cost at the exchange rate but we need the actual cost in Iraq. Perhaps someone knows the cost of a six pack of coke or some other common US item in Iraq.

Can of coke. 1000 dinars. sandwich 1500 dinars. Full cafe prepared dinner 4000-5000 dinar, includes beverage.

This is from a lady I chat with who is Iraqi.

Iran intends to lend one billion dollars to Iraq spent on service projects

Basra - (Voices of Iraq (
Fariji said Aqeel member of the council of the province of Basra yesterday, Sunday, that Iran intends to lend Iraq one billion dollars without interest to complete service projects in Basra. The Fariji News Agency (Voices of Iraq) Independent yesterday that the governor of my Iranian city of Khuzestan told the Basra Governorate Council in a meeting to maintain the determination of the Iranian government to send billion dollars to the Iraqi government without benefits. " Fariji added, "that my life said that the Iranian conditional loan to allocate 20% of it to complete service projects and stadium in Basra and paved road access Shalamjah (30 km east of Basra), in addition to the delivery of the electricity to a power station Alharthe (20 km north of Basra) the ability Mika 200 watts during the first half of next year. " He continued Fariji "has been agreed to sign a memorandum of understanding yen parties for trade exchange in all fields of a for the industrial and service and the exchange of expertise between the two countries in future. " The governor of Khuzestan's life had visited Basra during the Iranian Industries Exhibition held in Basra last week.

Translated version of http://www.aladala.net/home/index.php

Originally Posted by boomcreek

think about it...if the pay raise is to take place in January "next January" wouldn't it make sense that something of significance is going to happen between now and then?

Exactly. I read also that they are going to implement the most possible number of project from 1/1/2007 in Basra.

We see a lot of projects being started.

They will and must act now these last 6 weeks.

We read about the oil revenue pumped into the development fund of iraq for now.

If I remember well this was the last point of the HCL they could not agree on, the sharing of the oil revenue.

I think they make a HCL with the oil revenue pumped in this fund but they can open their markets. If they continue talking about this foreign investment wouldn't be able till next year and they NEED it NOW!!

They use the fund for reconstruction of all Iraq and always can share later if they agreed on how to do this. It also curbs the corruption at the same time, another big problem right now.

I believe the FIL is ready, HCL can be made ready now. EU today, WTO soon, ICI soon. This 6 weeks are all or nothing for Iraq.

Originally Posted by Inscrutable

Can of coke. 1000 dinars. sandwich 1500 dinars. Full cafe prepared dinner 4000-5000 dinar, includes beverage.

This is from a lady I chat with who is Iraqi.

wow.........this means some iraqi husband can treat his wife to a dinner out on the town with his 10K card...........after which they can thank the government for the treat.........go dinar!!!!!!

20 November 2006 (Iraq Directory)


Iraqi Prime Minister, Nuri Al-Maliki, said on Thursday on a visit to Ankara that the oil resources in Iraq belong to the entire Iraqi people and should be distributed equally among all communities.

Al-Maliki said during a press conference with his Turkish counterpart Rajab Tayyib Erdogan "that these resources should be distributed equally to citizens", and added: "We must not deprive any community, and increase the wealth of another."

Al-Maliki: Iraqi oil resources belong to all Iraqis | Iraq Updates

20 November 2006 (Iraq Directory)

U.S. Treasury official said that the donor countries that seek to help Iraq to rebuild its economy, plans to hold a ministerial meeting in December to work out the details of the aid pledges and debt reduction.

Iraq is a major producer of oil and has the third largest oil reserves in the world; therefore, reviving its economy, which is dominated by oil, is necessary to create job opportunities and reduce the unemployment rate which stood at 50%, according to some estimates, that officials believed it is behind the increasing numbers of those who join the gunmen.

American Treasury: the donor countries will meet in December | Iraq Updates