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

The Cabinet-Minister of Human Rights to meet British Ambassador

(Voice of Iraq) - 06-12-2006
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The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Wednesday 12-6-2006


Minister of Human Rights to meet the British ambassador and discuss with him ways and means of promoting human reality of prisons and detention centers in Iraq


Met and the Minister of Human Rights, Ms. Mikhail heart with the British Ambassador to Iraq, Mr. Simon Smort, During the meeting discussed means of cooperation between the two countries in the field of human rights.

It was also emphasized the importance of promoting human reality of the prison and detention in prisons and Boca Aleneimih.

For his part, British Ambassador government sought to help the Iraqi people out of their ordeal.

Depriving an Australian company of monopoly wheat trade for involvement

(Voice of Iraq) - 06-12-2006
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Depriving an Australian company of monopoly wheat trade for involvement in bribes in Iraq
Australian Prime Minister John Howard denied that his company «B» W. any of the wheat export monopoly for a period of six months, for its role in the issue of kickbacks in the era of former Iraqi President Saddam Hussein.
He questioned an investigation conducted by the United Nations on the issue of bribes associated with the program «» oil-for-food program in Iraq. the Australian company, which was accused of a commission of inquiry independent Australian pay $ 220 million of bribes to Saddam to get contracts for the sale of wheat mission to Iraq In the wake of the accusation Howard raised the prospect of an end to the company's monopoly of wheat exports continued since 67 years.
Radio Tigris

30% of oil revenue to distribute among citizens

Baghdad, Dec. 6,

P. 1

Some of MP's become engaged in establishment a draft law would imposes on Government to distribute 30% of oil revenues monthly among citizens, MP Noorudeen Alhiali saidHe added that principles of the draft law discussed with Minister of Planning Ali Baban and head of economical committee of Cabinet Dr. Haider Alibadi.

Economists estimate Iraq oil revenues annually to exceed 30 billion dollars which means distribution 10 billion dollars among citizens as monthly salaries.

Alhiali said that draft law would divide people into three classes.He added that that quota is different from

ÌÑíÏÉ ÇáÕÈÇÍ - 30% of oil revenue to distribute among citizens

Originally Posted by CharmedPiper

30% of oil revenue to distribute among citizens

Baghdad, Dec. 6,

P. 1

Some of MP's become engaged in establishment a draft law would imposes on Government to distribute 30% of oil revenues monthly among citizens, MP Noorudeen Alhiali saidHe added that principles of the draft law discussed with Minister of Planning Ali Baban and head of economical committee of Cabinet Dr. Haider Alibadi.

Economists estimate Iraq oil revenues annually to exceed 30 billion dollars which means distribution 10 billion dollars among citizens as monthly salaries.

Alhiali said that draft law would divide people into three classes.He added that that quota is different from

ÌÑíÏÉ ÇáÕÈÇÍ - 30% of oil revenue to distribute among citizens

So they are planning to distribute DOLLARS not DINARS???

Originally Posted by Cyberkhan

fox news...check it out.

Oliver north is speaking with a captain and stating that the changes can be heard. the police are acutally responding and taking action..."their sirens are music to my ears" as per the marine captain

Do you have a link on this please, couldnt locate it...

The economic event: Against the backdrop of higher prices of fuels.

An economic expert at the University of Basra, warns IMF conditions

Basra / Abdul Hussein Algarawi Against the background of the decision of the Ministry of Oil to raise the prices of oil derivatives, and the reflection on the life of the citizens ECONOMIC the President of the Basra Governorate Nassif Jassem Al-Abbadi, in a press conference held at the headquarters of the council expressed discomfort with the resolution - has surprised at the prices of oil derivatives, which impacted negatively on farmers and fishermen a for those who threatened to sit in front of oil corporations because they have been harmed by this action, He demanded the Oil Ministry to reconsider its decision to redress social strata affected by those increases and reflected on the overall living conditions of citizens and to provide information on the effects of low resolution and its adoption justified met (range), Dr. Abdul Jabbar Alafi Head of the Department of Economic Studies at the Center for the Study of Arabian Gulf University Basra, which deal with the decision, saying : Any attempt to raise the prices of commodities, whether food or fuel, in this particular situation will lead to more inflation, which eats up the excessive salaries of the low-income categories.

He noted that the Ministry's decision to raise the prices of fuel oil was the recommendation of the International Monetary Fund, which is characterized by the qualities of infertility treatment in developing countries, as is the case in Egypt and much of South America, what led to further social tensions and destroy the economy, as was the case in Brazil and Argentina.

The Head of the Department of Economic Studies at the Center for the Study of the Arabian Gulf University of Basra that the Iraqi citizen, he had hoped to improve the standard of living and economic conditions today suffers high prices in various goods, Alafi researcher warned the government of an attempt to raise prices once again stressing that such a step would lead to the creation of social and political upheavals.

It would also have a negative impact on the future of the Iraqi economy. explaining that we are a country and the oil prices should be moderate oil derivatives, which requires refrain from accepting the recommendations of the International Monetary Fund.

Originally Posted by rvalreadydang

Yay! we are going to put some in our older kids' stockings this year

Yep, we are too! Also, ordered from Chase yesterday...no problem!

Sorry if already posted...didn't see this one though.

The dropping of the dollar caused by the low interest rates | Iraq Updates

The dropping of the dollar caused by the low interest rates

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05 December 2006 (Iraq Directory)
An Iraqi economic expert attributed the recent decline in the value of the dollar against the Iraqi dinar to the lowe interest rate. Dr. Taha Fakhri, member of the Iraqi Institute for developing the economy, said: "The decline in interest rates is the reason behind the slight decline in the dollar in governmental auctions and commercial transactions". He added: "This decline is also caused by the weak consumers demand on imported goods due to the deteriorating security situation, which compelled the State to finance some important deals".
He pointed out that: "The slight rise or decline of the dollar does not obstruct the growth or value of the dinar which is expected to become 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". What the fack does this mean??? We have seen this numerous times now!!!

He explained: "The decline will be reflected on the value of the precious metals whose prices will rise as a result of the fall in the dollar, which gives an opportunity for those who hold commercial transactions, such as automobiles and heavy equipment, to invest them". Fakhri said: in some cases the decline in the dollar rate is linked to America itself through the entry of imported goods and the exit of funds from it.

Originally Posted by Dinar Duchess

Do you have a link on this please, couldnt locate it...

I was actually talking about Fox News the TV station. Sorry bout that but there is no link.

Posted on Iraq president's website of Press Monitoing these are the lights:

4. Long
The inner pages
7 - The direction of Iraq towards the lifting of the exchange rate of the local currency.
Financial : disbursement 2007 budget will be in the first month of the new year


10. The new evidence
4-Minister of Finance : the Iraqi dinar will be strong and contribute to the service of the State and people


11. Baghdad
Two-banking sector due to rise again in the Iraq market for securities.