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

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

Economic Event: Production conditions behind the price increase. White round ... Lower production and higher prices

Baghdad / Hussein Thgb Egg prices have risen considerably during the past few days to make the graph of the price rise to a vertical upward did not stop at a certain point, but continued to include it. He attributed the causes of chicken breeders to the many problems associated with the production process, and came accompanied by the increase of market prices inflammatory especially those relating to services at the task that must be submitted to the conference Educational chicken eggs round.

Tell us citizen Riyad heresies (beekeeping pen blank check) known to educators that layer chickens Yamtaz abundantly production when the environmental conditions appropriate ventilation, humidity and light and skilled labor and medical follow-up and continuous all these factors during the last period witnessed the prices offered by a big rise in the fact that mostly linked to fuel rose prices often than in the past, in addition to the small number of layer chickens in all the governorates in the country, pointing out that the prices of skilled labor rose as well on the former could not be dispensed with or reduce their number because the presence in the halls of poultry is needed throughout the day.

All these reasons have made the price of eggs has risen to its current, which continues to rise with any increase in the reality of the services provided to the halls of education. He said the citizen Kareem Almaide : (chicken breeders check on the outskirts of the city of Baghdad) market witnessed a remarkable increase in egg prices reached high rates, where the rate class whites in some areas of Baghdad (7) thousand dinars, and this has not happened before. We as advocates of special rooms raising this kind of chicken diagnose the causes that lie behind this increase in prices and attributed to the destruction of large quantities of chicken that was being upbringing in the halls of the various regions of Iraq where proceeded educators sell or destroyed, the price of birds (750) dinars in the market, although the cost exceeded the barrier of (5) thousand dinars, because of the announcement of the possibility of infection eggs virus (H5N1) (avian influenza), and by avoiding citizen consumption of eggs and low prices to levels not arrive before. Educators, which cost heavy losses made many educators never leave this profession and after that there is a demand for these eggs are no longer to carry out their businesses and this is happened to a lot of educators who have settled in other areas of work, leaving a gap reduced egg production and ignited prices. And continued Mr. Ali Ahmad (of beekeeping CHICKEN for meat and Eggs) by saying : there is a large number breeders pen eggs exposure to bankruptcy during the last period when Prices went down and faded the demand for the eggs and inability of many of breeders for the provision of fodder for poultry, the fact that their prices high to the borders of unreasonable so the result was forced the sale of pen eggs at cheap prices In many cases there has been no request on the pen eggs so as to make it are being exposed to loss Those causes led the to the decrease in numbers of these birds to low levels and after the research has established that eggs locally produced does not carry risks to human health changed the idea of a citizen from the eggs and demand has become now as they used to, especially as the eggs important food in the family life the Iraqi risen Line graph price of sharply declined. The citizen Haider Ali (poultry breeders) on the topic, saying : Having suffered many breeders chicken eggs losses in the last period. Upon the return demand on this article بمعدلاته the current did not they can exercise their former employment the form required because the their own affairs financial no longer allow them to do that, which make the supply less than demand in the local market thus causing continuous increase prices did not stop at a certain extent, especially that the rise of the local market we have the subject to any sudden changes for the absence of controls and laws that determine prices and punishes violators for that because the prices of eggs linked to the number of halls poultry, where it comes There must be there facilities before parties interested in the topic for recycling to their form natural within the Poultry sector vital and what is important in family life the Iraqi. The Citizen (Saad Muhammad) Mtbda of a market in Baghdad : You can not dispense with the family Iraqi rule eggs in their daily lives, and now the prices of eggs is a problem that affects us daily revenue, especially that the price of eggs reached class seven thousand dinars. And he spoke Ahmed Ibrahim (wholesaler), saying : in the area of selling eggs there is clear imbalance caused production process during the last period has led to low production levels to rates that had not received before and this causes loss of huge numbers of chicken eggs because of what has been announced in the media about the risks of disease (avian flu), which could rise to rights through the eggs along with the continuing increase in the price of fodder, which reduces the percentage of the profits as well as the problems of electricity and all the paraphernalia that other production where the cost jam sums of money. All these reasons rose and the price of eggs made between the rate of the Fund (90-100) thousand dinars, and the high rates compared with the standard of living of the Iraqi family.

Economic Event: In a meeting with the Director General of the Central Bank in Basra. Credit card transactions related to the markets of Basra

Basra / Abdul Hussein Algarawi Witness the economic cycle in the Basra governorate great upheaval because of what happened in the transactions related buying and selling the dollar policy of consolidating support within the Iraqi dinar adopted by the Central Bank of Iraq, has met economic expert Zuhair Ali Akbar Director General of the Central Bank in Basra, discussing the case of confusion in the local market, saying : Many of the goods are subject to supply and demand has resulted in a state of instability in the market transactions related to this initiative of the Central Bank to intervene and buy dollars after the case led to chaos and confusion evident in the dollar deal, and added :

The World led to the stabilization of the situation in the exchange rate of the dinar. He then moved to the phenomenon of credit card approved in the province of Basra along the lines of what is being dealt around the world, the first draft of the banking culture in Iraq, said : Unfortunately, this project did not receive well-deserved result of the success of the reluctance of citizens about adoption, including facilitated in market transactions related to indemnify and modern means and honest in dealings.

However, we believe the possibility of several successes achieved with the passage of time and used this method to citizens in the evolving market. Turning to the Director General project, known as Burg Al Central Bank consists of the 30th storeys and is expected to be fixed in an architectural Basra expressed confidence that turns out to be a huge complex of investments and banking terms ended approvals directly to do science civilized Street overlooking the beach road and the Shatt al-Arab river to attract investors in different industrial sectors, and banking and service and tourism.

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

Originally Posted by Jola

I just caught up with all the new posts...

One question :

How come that CBI says that at today's dinar exchange rate , now the inflation is only 50%? Have you noticed the two or three articles saying that?

Did 1470 to 1428 cover 20% inflation??? ( 70% minus 50% that they are talking about as of today's date)???


See the posts:

pipshurricane http://www.rolclub.com/146620-post140.html
"Our goal is to reduce inflation, which is now running at about 50 percent, by improving the dinar and thereby making imported goods cheaper," Qassim said in a telephone interview.

Is that possible?

While I will not make predictions about how much the inflation rate will decrease or how long this will take, I feel we need to understand that there are several interventions the CBI and GOI have taken to reduce inflation. Taken as a whole, when COMBINED these amount to a serious attack on inflation, and we SHOULD see results in a very short period of time. These are:

Removal of a large amount of currency in a short period of time.

Discontinuing the sale of dinar into the economy, in effect, shutting off the supply. We should continue to see a "drying up" of the dinar. Already we have had some reports, inconsistent, but some reports of the unavailablility of dinar where dinar was previously available.

Raising interest rates. Total effect is longer in time, maybe 6 to 8 months.

An expanding economy. If the GNA is expected to rise 15 to 20 percent. Then a two month rise in GNP will "absorb" a lot of inlationary pressures. We should also state that the GOI is operating within budget, so is not "printing money".

So we should look at this in terms of a combined effect, and not just one intervention by the CBI. The sum total will have a greater impact than simply looking at the individual parts of the monetary interventions. These interventions give support that the CBI & GOI have a plan in place to deal with inflation which has a direct effect of the eventual RV of the iraqi dinar. i.e. at higher prices. Thank You.

Economic Event: Over our deliberations and resolution : official

Hossam Alsamuk The third indicator, what was sold for 250 dinars a liter for gasoline and knows improved Almassr amount of 350 dinars both ordinary petrol and there was nothing at all petrol stations packing name (Mohsen) or (excellent) or (Super), and this game since the list was twenty dinars per liter Suspended Ministry of Oil (banners) on the gates of packaging declaring that the price of a liter of petrol amounted to 350 dinars, and insofar as it appears to do in its normal form, but transit - but behind healed blind people what is behind.
The first of these indicators seemed that everyone knew befo*****d that the objective sought by the authorities of the Ministry of Oil and financial Hams, the rate is 500 dinars per liter in accordance with the pledges made to the International Monetary Fund within the deal, which expose the letter of intent containing those pledges, including privatization procedures, which of course is still the curtain Msdla upon, as well as the remainder of the cancellation of subsidy programs.

Second indicator, that the INL oil invoked the in their conduct, that it do so with a view to passing up the opportunity of an out speculators at prices gasoline from the Departments of some stations and their workers, while they were or impose amount of 350 dinars a price for liter, which are estimated at Tasserth official 250 dinars the pretext that the stations that sells gasoline (importer), which knows (transcended the) Balmhassan at a price of 350 dinars liter, and was which manipulates the prices official needs to a pretext for manipulation, but if they were Stop the manipulation the pretext of unification of the prices of stations, was manipulation Ankie this time when taking workers many of the stations packing satisfy the amount of 500 dinars per liter, without the dare and Ministry of Oil or of its regulatory so that the objects including makes (some other insidious and) makers joke that there is an agreement between those organs and manipulators.

As to the third indicator, what was sold at a price of 250 dinars liter and what is known as with gasoline Mohsien Almassr the amount of 350 dinars both of benzene extraordinary and there was nothing in each stations packing his name benzene (Mohsen) or (excellent) or (Supersonics) and this game existed since the rate was per liter of twenty dinars, and be dragged by the Ministry of Oil comment (for banners) on each stations declares that what sold is the (benzene Mohsen) and at a price of 50 dinars per liter for late 2004

This was considered by observers a beginning for the draft raise the prices of oil derivatives thus achieved the largest of thousand six hundred and fiftieth%, and continues to expectations exists that SOARS price to 500 dinars liter for taking advantage of any crisis or opportunity attached where the action at the doors of stations packing without the weighs down organs of the ministry itself painstakingly declaration of the decision contextual the usual, after it ascertains that those who are in charge those organs that the citizen no longer inconsequential to protest after he lost his confidence any conduct official expect from such devices, which no longer respects the his feelings and its sufferings.

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

Launching the National Housing Project and the allocation of one billion dollars to support

Baghdad / justice approved by the Council of Ministers at its meeting held yesterday, launching the first national project of housing and the allocation of $ 1 billion in the 2007 budget to support the project.

A statement issued by the Prime Minister's Office (Justice) received a copy of The project includes in its first phase the families of the martyrs and the families of political prisoners, immigrants and migrants during the former regime, staff and disabled in the second phase will include all citizens who wish to obtain housing units. "

He added : "The national housing program has a number of advantages of owning a plot of land is residential symbolic amount, and pay a financial grant of three million dinars at a one-time to build a house. And it easier for the beneficiaries of these segments on loan from the housing fund amount / September 18 million dinars or loan from the Land Bank value / thirty / million Dinarotshil accept requests by the beneficiaries through the opening centers take upon themselves the completion of applications distributed to all districts and the allocation of almost one hundred thousand pieces housing detachment and ready for sale stating : "The concerned ministries in the government would establish the infrastructure for the housing units and provide designs building model free of charge to beneficiaries.


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

Industrialists : creation of industrial parks is necessary to support the reconstruction operations
Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4880&Ite mid=73
09 / 12 / 06
The Ministry of Construction and Housing establishment of a number of industrial complexes for the production of construction materials within their preparations for the implementation of the reconstruction campaign and to address the housing crisis, which is expected to be one of the biggest campaigns in the region particularly the construction materials needed for the reconstruction process is the scarcity and a big rise in prices.
(Long) tried to shed light on this issue and its impact on the housing and reconstruction processes through the views of a number of industrialists says industrial (Mahmoud Abdel-Hamid)

Industry construction materials had progressed much of most nations in the world, especially developed States and started using Tknlujia modern in the industry of construction materials different and especially with regard to Building ready Iraq and the requirements buildings modern from the requirements of a constitutive especially adding that Iraq did not witness the development experienced by the States of the world where it remained of Industry has agreed to what it was and characterized the industry Conventional different adopt various means in the performance of many of the requirements and especially industry brickwork despite the the State trying to build some labs used as a modern electric energy in that industry, adding that Iraq is now in phase the development and reconstruction of comprehensive for that Work should from now to face the demand expected for the products this industry in the future and develop local production of construction materials different and continue the establishment of industrial parks modern specializes in the capacity to re-use a lot of labor and contributing to the alleviation of unemployment rates, pointing out that it needs capital huge but can the private sector and in collaboration with investors from abroad create much of the compounds in throughout Iraq also, can build those complexes in regions and cities of multiple benefit from the surrounding environment and production facilities available and skills and expertise available in those areas for be close to their markets.
Either industrial (Salman Abdel-Rahman) he says : There is no doubt that the creation of industrial parks contribute directly to create some savings for the economic projects and in particular industrial where on par the experiences of developed countries and the newly industrializing since that the establishment of the Governments of the States by granting concessions, tax exemptions, loans and incubators for reconstruction and other services that could contribute in encouraging the owners of factors of production from the private sector on the production and research to develop Qaeda competition adding that the establishment of the labs especially for building materials is important and necessary in supporting the process of ages and in the framework of the actual need of the Iraqi market, To build housing in particular to solve the housing crisis, which had long Lebanon suffered a the Iraqis as well as the reconstruction of factories and plants and the provision of infrastructure and could benefit from the experience of building industrial complexes of the countries of South-East Asia apply not on the the building materials industry but also for the production of various types of goods and services.
While says Mr. Mustafa Said owner of factory : it is necessary creation of industrial parks for the production of construction materials now because the the Iraqi economy need to with a variety of means for the reconstruction of Iraq for a number of reasons, including destroyed during the war as well as addressing the housing crisis and the reduction of the import of such materials from abroad and waste of foreign exchange and to introduce a new technique through the establishment of complexes and used for export particularly to the Arab states something that achieves the abundance of currency in foreign Addendum to diversify oil exports pointing to the role of those compounds in tackling unemployment through the CPL unemployed and assimilate unemployment in the operating well as the development of experiences through these industries and find competition for use and the investment the financial and human resources in Iraq aimed real production of these articles of the risk posed importance in the endeavors of construction and consequently bridging the the shortfall and absorption alternative to importing goods from abroad

It looks like they did a lot of work on Friday (their holy day).....!

Five billion dinars designs for the modernization of cities in Wasit

Kut / Justice : media source said in Wasit governorate yesterday, Friday, that amount has been allocated five billion dinars to modernize the basic designs of the five districts in the province. He said Mr. Thamer Al Information Section of the Office of preserving News Agency (Voices of Iraq) Independent Wasit governorate has allocated five billion dinars to modernize the basic designs of the five districts in the province, is the district center of Kut province and has been allocated one billion dinars, and the amount of 750 million dinars each of the districts of Aziziyah and Suwayrah, neighborhood and the Nu. " He pointed out that these projects in the phase of a reference to companies and advisory centers specialized planning cities according to sizes, designs and new development of civilization, noting that the designs have become old and does not meet the growth and development-handed. He said that modernization will be in accordance with long-term strategies, without mentioning specific periods for the completion of the modernization process. It should be noted that most cities in Iraq, including the cities of Wasit governorate has suffered from severe bottlenecks because of bad designs prepared in the past, which does not observe the growth and density of population and expansion of infrastructure projects.


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

Iraq central bank boosts the country's currency in a battle against inflation

Iraq's dinar currency has risen to a nearly two-year high against the U.S. dollar, thanks to trading by the central bank at its daily auction, the bank said Thursday.

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Published on: 12/09/06

MARKETS: Iraq currency near 2-year high vs. dollar

Iraq's dinar currency has risen to a nearly two-year high against the U.S. dollar, as the nation's central bank tries to fend off skyrocketing inflation by buying up the currency with dollars at its daily auctions. Most of the money the Iraqi government earns is in U.S. dollars because oil exports are the main source of its income, and the bank has about $14 billion in foreign assets, said Mudher Qassim, the Central Bank of Iraq's director of statistics. On Thursday, the last day of the workweek in Baghdad, the central bank led the way at its daily currency auction, which saw 25 million U.S. dollars sold by about a dozen banks, the central bank said. Even larger amounts of dollars were sold during 10 of the auctions in November.

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