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

Originally Posted by danny51

I don't understand why so many people make this apology when they post news...who gives a hoot if it has been posted before...if it was worth a read the first time it is worth seeing again...of course you could always get off yer duff and check the threads first before posting!!! LMAO

Instead of wasting time looking thru old posts to see if an article has already been posted....they could just say "sorry if this has already been posted"

Originally Posted by Lunar

Instead of wasting time looking thru old posts to see if an article has already been posted....they could just say "sorry if this has already been posted"

he-he Sorry if this has already been posted....

The first page : , told (long) continues the policy of strengthening the dinar rate of exchange. CBE DENIES seeking to offset dollar per thousand dinars.

Baghdad/ economic affairs editor

The market is still witnessing a strengthening of the exchange rate of the dinar against the dollar and foreign currencies amid confusion and clear transactions. as the dollar remained for years the only equivalent of the commodities traded in all its different forms. While became concerned on the Downtown commercial adoption of the new equivalent of the strongest and the Iraqi dinar.

This volatile situation led to the conversion of certain parties rumors to the news reported by the satellite channels reported that the Iraqi Central Bank has sought to make the dollar exchange rate thousand Iraqi dinars, the essay, the market carrying offices Exchange hesitation in accepting the categories of the dollar. With an official source at the Central Bank told (long), that the news is completely untrue, but the bank's monetary policy aimed at not harm any parties, for that has been adopted drawdown rates very simple so as not to leave the harmful effects on the resolutions before the dollar from banks and banking companies and traders.

It should be noted that the dollar, which had reached early last month with the 1470 dinars, subjected to a reduction in the daily auction bank gradually comes to the price of the auction yesterday, the first 1435 dinars-the creation of confusion and clearly reflected on the events in general and banking mechanisms and absenteeism. For example, while the average purchase banks eligibility for the daily auction of $ 60-$ 65 million on the 14 / 15 of the last month, This low turnout of up to 865 thousand dollars on 28 of the same month, the day on which spread the Bank has sought to promote access to the dollar price of a thousand dinars.

The policy of strengthening the exchange rate within the target announced by the Central Bank of fulfilling the task of withdrawing liquidity from the market to reduce the rates of hyper-inflation index, which crossed the seventy% and the procedures adopted by raising interest rates on accounts deposited with him to hit 16%, against the insistence of private banks and government together to prosecute the commission for deposits in the Central Bank, and denied to their customers, It remained at the previous rate of 5% is carrying Governor of the Central Bank reported discomfort irresponsible policies of the banks during the meeting Bmadraeha Commissioners.

At a time when students are interested in the economic affairs of the Central Bank to open a window competitive in attracting bank depositors from the citizens to meet interest and refrained adopted by other banks pay to their customers expressed official source at the Central Bank told (long) on the impossibility of dealing with the idea while welcoming the proposal of (long) adopt a policy of preference in dealing with any bank responds to the policies of the Central Bank and in particular the lifting of benefits commensurate with the interest rate by the bank amounting to 16%. Brandishing the possibility of adopting a lower interest or reduction of the facilities for the banks insists on depriving customers of the increased interest.

Translated version of http://www.uruklink.net/

Cheers!
DayDream

Well the Investment Law ratified by Talabani has been PRINTED in the Official Iraqi Newspaper BUT NOT under the law section...

Event : Economic Investment Law

Council issued a presidential distinguished Investment Law No. (13) of 2006, Based on the approved by the House of Representatives, following is the text of the law :
"In the name of the people
The Presidency
.Based on the approved by the House of Representatives in accordance with the provisions of paragraph of the first article first session of the Constitution and past legal term set forth in paragraph (V / a) of Article Eight hundred and thirty of the Constitution.
Law issued the following statement :
No. (13) of 2006

cont...(won't post what we have already read, but here is the link if you want to read it again...

Translated version of http://www.uruklink.net/ )

Cheers!
DayDream

The ducks seem to be lining up and quacking their lil quackers off.

Local news : Annan recommends the Security Council to transfer the powers of supervision of the Development Fund for Iraq to the Iraqi body

Iraqi UN / agencies
The Secretary General of the United Nations Kofi Annan yesterday expressed his support for the transfer of the responsibilities of overseeing the Development Fund for Iraq from the referendum and international observation to the competent body under the control of the Iraqi government.

".Annan pointed out in his letter to the Security Council : The difficult security conditions in Iraq to prevent the referendum and control to carry out its tasks in an appropriate way, "In these circumstances I totally support the transfer of the powers of the body to another Iraqi."
The Security Council established the International Advisory and Oversight in 2003 to oversee the proper management and conduct of the Development Fund for Iraq, which holds the proceeds of sales of oil and natural gas Iraqi.
Anan said : The transfer of powers could be late this year, "but the Board may wish to determine their own best timing for the transfer of powers."

Translated version of http://www.uruklink.net/

Cheers!
DayDream

The prime minister-Press release

(Voice of Iraq) - 02-12-2006
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The name of God the Merciful
The Republic of Iraq

Prime minister
Media Bureau
Saturday 2 / 12 / 2006
Press statement

The Prime Minister, Mr. Nouri Al-Maliki full message of support and the support of the Japanese government for the transfer of sovereignty, the Japanese ambassador in Baghdad, Mr. D'Kuji, The letter contained the full support of the political process in Iraq, the government steps in a plan of reconstruction and rehabilitation and completion of the Iraqi forces were ready to take over security functions in full in the country.

The letter also contained the Japanese companies ready to contribute actively in the reconstruction process in Iraq in various projects to build infrastructure and strong domestic T. better and comprehensive reconstruction at all levels.
He thanked Mr. Prime Minister position of the Japanese government that wants to Iraq since the overthrow of the regime and the start of the new political process also pointed to the constructive role played by Japan's Self-Defense Forces to support Iraq's stability.

Proposals for the establishment of chalets on the banks of the Shatt al-Arab

(Voice of Iraq) - 02-12-2006
This issue was sent to a friend

Proposals for the establishment of chalets on the banks of the Shatt al-Arab in Basra
Mostafa Kadhim
Basra - (Voices of Iraq)

Said Director of the Tourism Basra today, Saturday, that tourism in the Basra submitted proposals to the Ministry of Tourism and Antiquities of the chalets on the banks of the Shatt al-Arab.

He explained Abdul Karim Rezouki, in a telephone conversation with the News Agency (Voices of Iraq) Independent today that "tourism Basra awaits the response to those proposals to enable them to develop plans and maps and estimated cost." He added, "This project will be allocations if approved in the 2007 budget year."

He added that "there will be investment projects in Basra next year include major hotels offer mostly investment companies."

He pointed out that 21 travel agencies operate in Basra Afterward tourist and asked these companies, the Ministry of Tourism to provide support to expand their work.

The Shatt al-Arab River extends about 200 kilometers within the geographical boundaries of the governorate of Basra and Qurnah, starting 100 (km north of Basra) to the city of Faw (100 kilometers south of Basra), which is in the Gulf, synchronized its banks upstream from the mouth so thick forests of palms, serve riparian according to many experts in the field of tourism and investment to be resorts and tourist areas.
O-h m m

Mr. Aref Taifour : each hand and political viewpoint

(Voice of Iraq) - 02-12-2006
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Mr. Aref Taifour : each political point of view in resolving the Iraqi problem, but there must be a political consensus between the blocs

Baghdad-Iraqi fraternity-Khalil :
Mr. Aref Taifour Deputy House Speaker of the Iraqi fraternization saying :
We now face the challenges and schemes of terrorists and Altkverein and Sadamiin who are trying to drag the Iraqi people towards the abyss along with external challenges, and Mr. Aref Taifour : Based on the urgent need for a loyal and influential figures on the current situation of Iraq. directed Mr. Masoud Barzani President of the territory Cordstan to Baghdad in order to bring closer the views of the parties in the relatively distant to put an end to the disagreements and unresolved issues between these parties 0 On the same day, Mr. President, who arrived territory Cordstan to Baghdad. Participated in the meetings of the political council of national security and the sovereignty of a positive impact. Because he had a draft program for the future of Iraq and fraternal coexistence satisfies all parties and has already been taken several decisions, including reinforcement of the army equipped, in terms of number and give Mr. Commander-in-Chief of the armed forces the power to bring threw Akthermenha T. military from other regions to Baghdad, in the case of requests to be more than this. s forces are answerable to him (the commander-in-chief of the armed forces) to be used at the sites, which require the necessary existence. Regarding the political consensus between the blocs Mr. Aref Taifour saying : that every political point of view in resolving the Iraqi problem. But there must be a political consensus between the blocs and organize the effort among political parties as the political crisis reflected their repercussions on the security situation and pointed out that the political consensus has begun to enter a new stage of national reconciliation in spite of that some try to give Il this project through statements and other

Finally, Mr. Aref Taifour saying :
We need to transfer more responsibility to Iraqi security forces and the responsibility of the other countries in the region is to support the security and stability of Iraq.

A statement issued by the Minister of the Interior

(Voice of Iraq) - 02-12-2006
This issue was sent to a friend

The name of God the Merciful

A statement issued by the Minister of the Interior

We have the basis "of our constants to extend Khattab, a national official accredited transparency, professionalism and justice trends in believing that this would be in the interest of Iraqis Mahdin God must stand firmly against any tendency betrays exploitation of the circumstances through which the country, which produces more than a manifestation of violence, chaos and instability 00 All Almko Nath political, social and other exercise Rally principles of democracy and peaceful demonstrations, strikes and sit-out "of constitutional rights and within the limits of the law which requires obtaining approvals fundamentalism in advance" to assume the competent authorities to take the necessary measures to ensure the necessary protection and to prevent any act of Al-Makha demonstrated Crystal of the law may be subjected to mob and the succession will be collected each violation of the law and reason "to create chaos and disorder, which leads to the waste of the lives of innocent citizens 0-1 and then the ministry will deal with the event in its entirety and solid 0

We call upon those who care of our children to be employees of the ministry level of responsibility and respond actively and national high and within the limits of the law and the human rights of all those who might be tempted to meddle with the security of this nation and the wounded سنحاسب strongly hesitant and defaulting in the implementation of this national duty Bible 0
God is with you reconcile Crown

Jawad who is
Minister of the Interior

Looks like we are still a way off for the investment law to become law.

I had an Arabic translator read the Arabic version of the investment law and the law requires that the GOI form a National Investment Committee which must be approved by Parliament and ratified by the President, no time limit is specified for this action.

Sorry to bring the delayed news but it's better to know then be waiting in anticipation for the ISX to be bought out on Monday.

Originally Posted by Inscrutable

Looks like we are still a way off for the investment law to become law.

I had an Arabic translator read the Arabic version of the investment law and the law requires that the GOI form a National Investment Committee which must be approved by Parliament and ratified by the President, no time limit is specified for this action.

Sorry to bring the delayed news but it's better to know then be waiting in anticipation for the ISX to be bought out on Monday.

Inscrutable is correct, see link ....

In the name of the people The Presidency Council No ( ) of 2006 The Investment Law


I had this in my notes to research and I got it from this forum....

In a significant institutional development, the law establishes the National Commission for Investment (NCI), attached to the Office of the Prime Minister and headed by a Chairman with the rank of minister. NCI will be responsible for overseeing and executing Iraq's investment policy.

So has it already been done? I THINK SO...IMO I don't believe Talabani would've ratified the law unless EVERYTHING was in place for it.

Cheers!
DayDream