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

More than a trillion dinar budget Maysan next year

العمارة- المواطنArchitecture-Citizen
.The council of the province of Maysan financial budget for next year in 2007 in the light of the plan of the Ministry of Planning.قبلThe deputy chairman of the council of the province of Maysan that the amount of the budget prepared trillion, and more than 300 billion dinars plans to cover the district and sub-district councils have been holding intensive meetings for the week-long government departments and discuss the financial allocations for projects that have been proposed in the light of the preparation of the budget for projects that contribute to Tto see the infrastructure of the province through the establishment of the service and architectural projects and strategic. " He added : "The new projects include the development of the entrances to the city of Amarah beginning of the elimination of western north to the south and the Uzayr delivery of health, education and roads and bridges, electricity, water, sewerage, as well as the completion of two humanitarian organizations within the faculties of the University of Maysan next year

جريدة المواطن العراقية

The Office of the Prime Minister Nuri al-Maliki denies re

(Voice of Iraq) - 11-27-2006
This issue was sent to a friend
The Office of the Prime Minister Nuri al-Maliki denies re-impose curfew in Baghdad
The source added in a press statement that "the Office of the Prime Minister Nuri al-Maliki denied rumors about the government re curfew in Baghdad as of this afternoon."
He pointed out that "the government will issue a formal statement, later in the day, it did not confirm its intention to impose curfews. "

Parliament-Sadrists :: Aswat al Iraq :: Aswat al Iraq

Parliament-Sadrists
Sadrist bloc threaten to suspend membership in parliament, government
By Santa Michael
Baghdad, Nov 27,

(VOI) – The Sadrists’ bloc threatened on Monday to suspend its membership in parliament and government if Iraqi Prime Minister Nouri al-Maliki met as scheduled with U.S. President George W. Bush in Amman.
"If security conditions did not improve and if al-Maliki did not go back on his plans to meet Bush in Amman, we would suspend our membership in both parliament and government," Mr. Nassar al-Rubai'e, head of the Sadrist parliamentary bloc, said in a news conference in Baghdad.
He said everyone is aware of the fact that "we have the enough force to reply but Iraq's unity and the interest of the Iraqi people keep us at the beck and call of our leaders."
On recent statements by Mish’an al-Juburi, head of the Sunni Liberation and Reconciliation Front, to the Doha-based Aljazeera TV about plans by a number of lawyers to sue Muqtada al-Sadr in Brussels on charges of human rights violations, al-Rubai'e said "each development will have its talk."
Al-Rubai'e wondered about the prime minister's insistence on meeting the American president in Amman on Thursday.
"Is it an order that must be carried out? In other countries they might cancel visits for much less reasons than we have," he said.

AE/

Financial control recognized the new law to the House of Representatives Financial control recognized the new law to the House of Representatives The Office of Financial Supervision handed to the House of Representatives a new bill to the Cabinet for discussion and approval. " He said Dr. Abdul Basit Turki Said the Chief of Staff of the Iraqi National : "The new law expands the powers of the collection and ensure the right to refer the investigation of corruption cases to the judiciary directly." He added : "The adoption of the new law will reduce the damage of public money because the delay referral of the investigation to eliminate so harmful to the fight against corruption." He explained : "The investigation into corruption is a deterrent to those who think in the exercise of the future, but delays punishment draw the wrong signal to those who think in the exercise." It is noteworthy that the Office of Financial Supervision before 1985 had a right to the investigation and referral to the judiciary was robbed of this right after the events of 4-9-2003
http://64.233.179.104/translate_c?h...om/economy.html

الـــعـــراقThe Republic of Iraq
الحكوميةCouncil of Ministers-the governmental communications
العلاقات الإعلاميةMedia Relations
Press Release بيان صحفي /Press Release Press release /
الاثنين 27-11-2006Monday 11-27-2006


عليهاMinister of Municipalities announced that the new law of the ministry to ensure the rapid completion of projects and the direct supervision by the


.The Ministry of Municipalities and Public Works Ministry of the new law and the amendments made to it to reach the goals for the future.

وا .The Minister is that the new law will be presented to the parliament soon suited to the nature of the democratic stage experienced by the country and aspirations to reach the decentralization which seeks to ministry.

تم .He added : The new law that took into Iraq on the way to the formation of regions and the adoption of the federal system. explaining that he had been developing a general manager of Municipalities and Public Works in the law of each province in order to ensure the speedy completion of the projects of the ministry and supervise them directly.



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

Originally Posted by Big Beaut

Is there just the slightest possibility that there is a tacit agreement between banks in the USA (that bought up boatloads of dinar to sell locally) and the CBI to refrain from an RV until they (USA banks) make a "comfortable profit" from sales to local small investors? Sort of a courtesy "kickback"? Or is there some very complex banking law that prohibits this sort of thing? If this "agreement" exists would it be time sensitive ("ok, you US banks got til noon on Friday to wring as much outta Dodge as you can...then we RV and everybody makes money!") After all, those "bank fees" add up - consider the $2-3 fee you pay to use another bank's ATM! Just a thought!

I have never been a conspiracy type person. JP Morgan chase has been involved in the trade bank of iraq since the beginning. They (JP Morgan) has always been involved in international banking arrangements. (They financed the Panama Canal) So even if there is not a "kickback" arrangement, the fact that Chase is dealing in dinar has been one of the most positive signs I have seen over the last few weeks. In Vegas we say "bet with the house". Since Chase is involved, we are betting with the house, and Chase is not known for making mistakes. From there point of view: They make money on the sell/buy, they make money on the spread, they make money on their holdings when there is an RV, and maybe most important, they have their name up front and many of us will open accounts and do investment business with them They also offer OffShore investments in several offshore locations. And I know this issue is of interest to many. (I will have more to say on the issue of appropriate offshore investment later). So staying on the side of someone like Chase is a good thing, and one of best pieces of news we have heard. As I have stated in the past, when Chase began this, we went from having pretty paper in a safety deposit box to a real asset.

Like I said the international community has had it.....and time is up....read bottom statement about they cannot wait until early 2007.....

albawaba.com middle east news information::Jordan's King says situation in Iraq needs quick and dramatic change

Jordan's King says situation in Iraq needs quick and dramatic change

Posted: 26-11-2006 , 14:42 GMT

Jordan's King Abdullah stated Sunday the problems in the Middle East go beyond the war in Iraq. "We could possibly imagine going into 2007 and having three civil wars on our hands," he said, citing conflicts in Iraq, Lebanon and the the Palestinian - Israeli conflict. "Therefore, it is time that we really take a strong step forward as part of the international community and make sure we avert the Middle East from a tremendous crisis that I fear, and I see could possibly happen in 2007," he said. Speaking on ABC's "This Week," the monarch said he remained hopeful a summit he will host this week in Amman with US President Bush and the Iraqi prime minister, Nouri al-Maliki, will somehow reduce the sectarian violence in Iraq. "We hope there will be something dramatic. The challenges, obviously, in front of both of them are immense," the king said. "We have to make sure that all parties in Iraq understand the dangers of the ongoing escalation. I hope Prime Minister Maliki will have some ideas ... on how he can be inclusive in bringing all the different sects inside of Iraq together. They need to do it now," he said, "because, obviously, as we're seeing, things are beginning to spiral out of control."

The king spoke of the urgent need for a change in course in Iraq. "There needs to be some very strong action taken on the ground there today," he said. "I don't think we're in a position where we can come back and revisit the problem in early 2007. There needs to be a strategy.

There needs to be a plan that brings all the parties together, and bring them today and not tomorrow."

Kuwaiti investments in Iraq

.In Kuwait announced recently that an investment company intends to implement a number of large real estate projects in Iraq, including the construction of hotels and commercial complexes.
.As I mentioned (Iraq Holding Company) that the Iraqi government has donated a plot of land to build a plant to produce cement.
.Further details in the context of follow-up briefing by Radio Free Iraq's correspondent in Kuwait, Saad Al-Ajmi.
(Up from Kuwait)

- Russian equipment for the Iraqi oil industry

أميركي.In the framework of economic cooperation between Iraq and Russia. Finally, announced in Moscow that a Russian company and the company (Hydro Mach Hydromachservice Service Agency) would export of equipment for the Iraqi oil industry an estimated value of one million dollars.
Vladimir Anoshkin الثاني.In follow-up to this topic, A correspondent of Radio Free Iraq Mikhail Alandarenko following interview with the manager of the branch of the Russian company in Iraq Eng Vladimir Anoshkin Vladimir Anoshkin, who spoke about the details of the contracts were signed with the Iraqi side to the export of equipment, pointing out that the agreed equipment will be shipped to the Ar Requests during the month of November.

(ا)(Interview with the manager of the branch of the Russian company in Iraq)

Translated version of http://www.iraqhurr.org/

Check this out. Iraq is screwing around with foreign investment and oil law and look who just made an offer to CHINA....so, why would China want to wait....everyday Iraq screws around China is not making money from them....so they go next door where they are welcomed now with open arms......WAKE UP MALIKI IT'S SLIPPING THROUGH YOUR FINGERS....IMPLEMENT THE LAWS AND REVAL THE CURRENCY OR SOMEBODY ELSE WILL.....LIKE IRAN...what a nightmare that could be.

Posted to the web on: 27 November 2006
Iran invites China to sign $100bn oil deal

Bloomberg
TEHRAN — Iran and China moved a step closer to signing an energy deal worth as much as $100bn, with the Islamic republic saying it had invited China Petrochemical’s MD to Tehran to sign an accord.

The contract, drawn up in 2004, for Sinopec Group, as China Petrochemical is known, to develop Iran’s Yadavaran oilfield and secure oil and gas supplies over 25 years, was ready to be signed, said the Iranian oil ministry agency Petroenergy Information Network.

Iran, under US economic sanctions and at odds with the US and the European Union over its nuclear activities, seeks friendlier markets. China and Russia said on October 26 they would oppose a draft resolution imposing United Nations sanctions on Iran for its nuclear programme. No resolution has been passed since.

“All elements of the contract have been finalised and it is in the final process for signing by Sinopec,” said National Iranian Oil president Gholamhossein Nozari on Friday.

Under the initial deal signed by Sinopec, China would pay Iran as much as $100bn over 25 years for the oil and gas purchases and for a 51% stake in the Yadavaran oil field, in Khuzestan province near the border with Iraq.

The deal would allow China to buy 150000 barrels of Iranian crude a day at market rates for 25 years, as well as 250-million tons of liquefied natural gas.


Royal Dutch/Shell, which has worked as a technical consultant for Sinopec on the Yadavaran oil field, will participate in the field’s development, said Iran’s oil ministry in September. Shell officials have said the company is seeking a 20% stake in the field.

Iran’s constitution forbids foreigners from holding rights to natural resources.

Instead, foreign firms may have “buyback agreements” to finance the development of reserves, hand them over to Iranian control and then recover their investment at an agreed rate of return from subsequent production.

Sinopec, China’s second-biggest oil company, on July 31 signed a contract worth $2,84bn with Iran to expand the capacity of the nation’s refinery in Arak.

Iran is negotiating with several other Chinese companies to develop its energy sector and is holding talks with Cnooc, China’s biggest offshore oil producer, about developing the North Pars gas field in the Persian Gulf, Iran’s oil ministry said last month. In exchange for developing the field, Cnooc may be able to sell liquefied natural gas from two of the field’s four phases over 25 years.

State-owned China Power Investment, one of the country’s top five electricity groups, was close to signing a $1,8bn deal to build gas-fired power plants in Iran, company officials said.

Yadavaran, with reserves of 3-billion barrels, would produce 300000 barrels a day — about the same volume China imports from Iran, said Petroenergy.

Dinar record rise against the dollar
Baghdad - (Voices of Iraq)

Record demand for the dollar today, Monday, a slight rise in the daily auction of the Central Bank of Iraq, The dollar lost 2 dinars two of its value with the direction of the Iraqi Central Bank to raise the value of the Iraqi dinar at the expense of the dollar.

The Central Bank said in a statement today that the demand for the dollar today, 20 million and 580 thousand dollars for five million and 330 thousand dollars on Thursday.

Distributed demand for the dollar by three million and 280 thousand dollars in cash, and 17 million and 300 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1439 dinars, down 2 dinars on the price Thursday.

ÇáÏæáÇÑ - (ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq