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

Originally Posted by jedi17

my take...Maliki is on his way out

Yeah kinda sounds like it, to bad, I thought he was finally starting to figure
all this shiite out too.

the conditions necessary for the success of the privatization process in Iraq

Translated version of http://www.alsabaah.com/
Privatization is the sense of economic transformation economic institutions belonging to the public sector or the government to the private sector, privatization has been defined as one of the economic reform measures that prevailed in the developing and developed countries and are still going now.
وهنا لابد ان نتساءلHere we have to ask why this rush world behind privatization? And what are the justifications given this subject so important in the economic policies of most countries of the world?
The answer to that lies in the advantages of privatization process, which can be summarized as follows :
Reduce the scope of government intervention in the decision-making process in the institutions, thus providing a way for managers to take appropriate economic decisions because they will find themselves in front of accountability by shareholders in those institutions, as well as reducing government support for projects that achieve recurring losses, and it depends on their own in the production, In that easing of the burden the state budget.
As well as creating competition and stimulate the private sector to contribute to the production after it had been restricted because of the protection provided by the government for public institutions, The rule of the spirit of competition leads to improved production efficiency in terms of quality and the Wolf, while the absence of the spirit of competition between public-sector institutions and ensure support by the state for poor allocation of resources.
The increase economic efficiency by improving the efficiency of resource allocation Ptsairh final goods, which reflects the cost, renovation and revitalization through attention to research and development.
To improve the level of performance of other public projects through alleviate the burden on the government in the follow-up and supervision of projects.
In light of the above advantages, we find, in principle, the importance of moving towards privatization, and as much as it is the new Iraq, the political resolution calling for privatization from the adoption of the principle of a market economy and support the development of the private sector, But there are certain things that should be taken into account to achieve success in the privatization process in Iraq, which can be summarized as follows :
The process of privatization in Iraq, one of the measures of economic reform rather than as a single independent, because the process of privatization are numerous economic indicators.
And a comprehensive economic evaluation of the performance of public institutions, with the possibility of classified by economic sector (industrial, agricultural, Commercial, service) and the addition of another classification within the sector, such as (a productive, the distribution, service) in order to identify institutions that could be privatized under certain conditions, or rather a time frame for the priorities of privatization.
Also standing on the amount of cash in the economy and the ability of the private sector to purchase. We believe that there is good liquidity in the Iraqi economy. But should know the extent appropriate liquidity in the market with the value of the projects offered for sale.
With a developing market securities, we believe that Iraq develop bills to make the financial market at the present time steps fixed, and perhaps some wonder about the relationship between privatization and market securities. The public institutions could be converted into joint-stock companies contributed by the private sector through the stock in the stock market, This is a good methods to determine the real value of public institutions.
And to achieve financial stability by maintaining a low deficit in the budget and the stability of the exchange rate of the Iraqi dinar in the medium term and low inflation, since these factors are encouraging environment for investment and thereby drive the local private sector and foreign buying public institutions.
We must find appropriate ways to deal with the process of downsizing employees in public institutions after the sale to the private sector, since it is known that public institutions are experiencing an increase in employment and therefore do not expect that the volume of employment as it is before privatization, This is achieved through the work of demobilization optional early retirement and generous awards to workers who have been demobilized.

There certainly is a prevailing view here that the reval will be near 1.50 USD/ 1 IQD; there is, concurrently, a similar prevaling view that in 2-3 years the exchange will be in the 3.00 USD/1 IQD range. That begs the question as to whether I nominally 'enrich' my lifestyle or do the 'start new big time' right now and forego an enticing anticipated appreciation in the ensuing 24-36 months.
I am a member of a private investment advisory with an expertise in currencies and metals as well as many other areas. Because of this my bias would be to 'fully cash in' at 1.50, were that to occur, and rollover heavily into gold (after taxes and reasonable desires and necessities are addressed). The very strongly held position I find for gold is an appreciation of 250-300% within the next 3 years. This choice would ameliorate any anxieties engendered by the political instability which could rapidly adversely affect the value of the IQD if political stability took a turn south. The gain by selecting this option is quite enticing.
Just my $0.02 worth; now is that my 28.7 IQD worth or my 0.00133 IQD worth????

The devaluation of the dollar due to low interest rates

تقرير اقتصاديAn economic report
بغداد - الصباحBaghdad-Sabah
Iraqi economic expert attributed the recent decline in the value of the dollar against the Iraqi dinar to the lower interest rate. he said Dr Taha honorary member of the Iraqi Institute for Development and the development of the economy of the (morning) : "The low interest rate is why the President has the slight decline in the dollar

In auctions governmental and commercial transactions. " He added : "This decline is also not demand consumers on imported goods due to the deteriorating security situation, the state pays to finance some deals mission. "
He pointed to the proud : "The slight rise or decline of the dollar does not obstruct the growth or value of the dinar is expected to become Iraqi currency is stronger than before with the introduction of the balance of 2007 and the strategic application of the new monetary policy announced by the government last year." He explained : "The decline reflected on the value of the precious metals, prices will rise as a result of a fall in the dollar, which gives an opportunity for those who hold commercial transactions, such as automobiles and heavy equipment to invest. He said Fakhri : in some cases linked to the decline in the dollar rate better themselves through the entry and exit of imported goods, including funds
Translated version of http://www.alsabaah.com/

Originally posted by nventr:

There certainly is a prevailing view here that the reval will be near 1.50 USD/ 1 IQD; there is, concurrently, a similar prevaling view that in 2-3 years the exchange will be in the 3.00 USD/1 IQD range. That begs the question as to whether I nominally 'enrich' my lifestyle or do the 'start new big time' right now and forego an enticing anticipated appreciation in the ensuing 24-36 months.
I am a member of a private investment advisory with an expertise in currencies and metals as well as many other areas. Because of this my bias would be to 'fully cash in' at 1.50, were that to occur, and rollover heavily into gold (after taxes and reasonable desires and necessities are addressed). The very strongly held position I find for gold is an appreciation of 250-300% within the next 3 years. This choice would ameliorate any anxieties engendered by the political instability which could rapidly adversely affect the value if the IQD if political stability took a turn south. The gain by selecting this option is quite enticing.
Just my $0.02 worth; now is that my 28.7 IQD worth or my 0.00133 IQD worth????

Goldbug is that you? Did you wander over here from the IIF?

trade delegations from Najaf to visit the UAE and meet with a number of businessmen


FULL STORY FOLLOW LINK: Translated version of http://www.alsabaah.com/

اتفاقيات تجارية مع كبريات شركات الإعمارTrade agreements with major companies ages
النجف الاشرف - عدنان السودانيNajaf, Adnan al-Sudanese
Efforts continue in Najaf in order to accelerate the implementation of reconstruction projects and upgrading the technical, material and moral support for the reconstruction of infrastructure in the province, which suffered greatly from marginalization

The negligence in the time the Principles, In order to study the experiences of other Arab and foreign countries in the field of building and construction delegation visited Najaf governorate brotherly United Arab Emirates is composed of Abdel Hussein Abtan deputy governor of Najaf, the President of the Construction Engineer Haider Almiali and consulting engineer Abdul Rasool Mehdi Assadi, where The delegation conducted a field tour in the city of Dubai and looked at the work of the companies executing projects and CST modern and developed sophisticated methods of work in addition to the presence of the delegation held a meeting with the Director-executor of the German company in the UAE, during which the Vice-President to maintain many explanations about the reality Construction in Najaf governorate, referring to the case of security and stability in maintaining at the time that the director of the company to explain the full potential of the company in the field of reconstruction through the documentary films and the countries that used modern CST, including the UAE, Qatar, China and Germany has explained Abatan reconstruction projects and specialties scheduled to stressing the need for the German company opening a regional office in Najaf governorate exclusively It is necessary staffing of the company's presence in the office to undertake projects that may be referred to the future of this company has expressed the readiness of Abatan Najaf governorate for their assistance to the German company to work in the neighboring governorates through good relationship with the civil administration of those provinces.
The delegation visited the Emirate of Abu Dhabi for the fact the city where he met with the companies to eco-industry traffic in the UAE and lost the company of the director of the company's labs several laboratories affiliated to it for the working methods and ways of manufacturing devices, and the landlords group and a meeting was held m p company chairman manufactured out the Deputy Governor of the company chairman, the importance of training and rehabilitating Iraqi ones factor in the company as head of the company expressed willingness to do so and benefit from the experience of the company in the area of naming and numbering roads and the shops, according to the international standards as well as the possibility of buying some of the company's products and the delegation also visited M Pasco maker company for the production of regular and broad Alstaeker one of the largest companies in the UAE and was affiliated visit labs for the machinery and equipment and working methods in addition to the visit by the construction manager's explanations about the reality of many of the company For his part, Mr. Abtan invitation to visit Najaf Wa to keep the physical reality on the ground and the opening of an office of the company in the province of Najaf and contribute to reconstruction projects in the province, this has been the signing of a Memorandum of Understanding with the representative of an engineering company for work in preserving the visit has been a number of meetings, including a meeting with a group of investors, the Iraqis submitted Abdel Hussein Abtan explanation Mv receipts and real picture of the stable security situation in the province and good reconstruction projects and continue with the development in the world during the prefabricated buildings delegation held a meeting with an international company in the field of prefabricated buildings were talking about the possibility of making use of the company's expertise has expressed director of the company S twenty full cooperation.

Council of Ministers approved the investment law
المصدر: الزوراء Source : Zawra
02 / 12 / 06
The Council of Ministers yesterday, Friday, the investment law, which aims to encourage investments and the transfer of modern technologies in order to contribute to the development of the country.
The law aims to encourage the Iraqi private sector and foreign investment in the country, through the provision of the necessary facilities for the establishment of investment projects and to promote the competitiveness of enterprises.
The law exempted from the provisions of investment in the fields of mining and oil and gas production as well as in the sectors of banks and insurance companies, while all areas of investment will be subject to other provisions of this Act.
Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4880&Ite mid=73

Originally Posted by TerryTate

Originally posted by nventr:



Goldbug is that you? Did you wander over here from the IIF?

I have never heard of Goldbug; I am a real 'honest to goodness' inventor with a number of American patents although I am a Canadian.

The delegation of the Kurdistan held with the Oil Ministry and the Central Bank of Iraq
المصدر: الزوراء Source : Zawra
02 / 12 / 06
Said Minister of Public Works and reconstruction in the government of the Kurdistan Emad Ahmed, "Tekarraqd series of joint meetings between the territorial government delegation headed by Barzani Najirfan with each of the Oil Ministry and the Central Bank of Iraq to a new law to meet Kurdish demands on oil investment."
Ahmed added that "the central government agreed to re additional amount of 482 million dollars resulting from the sale of oil price differentials in world markets to the territorial government and added to the budget for next year."
Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4880&Ite mid=73

Justice / Abdul Karim Hashmi Speaker of the House of the Baghdad governorate Mr. Sadir given that the Board had received requests from municipal councils, including the partitioning of the city Sadrttalb popular markets and the protection of populations and large fenced to prevent terrorist operations and large, as occurred recently in Sadr City,

Sadir added in an exclusive interview with (justice) on the sidelines of the meeting of the weekly that such requests in the event of approval by the Council would be financed from the budget for the development of the Territories, He said that a delegation of the Council will meet Hadi Al-Ameri Deputy Chairman of the Committee on Defense and Security in Parliament for the purpose of coordination and develop appropriate plans for the purpose of improving security, He pointed out that the council discussed Amkanithe redeployment of security forces in the city of Baghdad and distribution to ensure improvement in the security situation in Baghdad. so that the national police forces within Baghdad and army troops on the border to maintain and support other relevant information in the field contribute revealed the whereabouts of the terrorists and their movements. For his part, Dr. Salah Abdul-Razzaq Chairman of the Committee on Relations and Information in the Council to punish officers and two security units that occur security breaches in the partitioning responsibilities to prevent the spread of chaos to other regions. So, Dr. Abdul Razzak Al-Zubaydi Chairman of the Education Committee of the Council to discuss the plan with the Ministry of Education to reduce the time for primary schools, noting that the purpose of which is to preserve the safety of students, especially in the wake of the deteriorating security situation in the last two weeks.

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