Please visit our sponsors
Results 31,621 to 31,630 of 37617
-
11-12-2006, 11:43 AM #31621
- Join Date
- Sep 2006
- Location
- TOP OF THE WORLD!
- Posts
- 6,127
- Feedback Score
- 0
- Thanks
- 2,187
- Thanked 11,082 Times in 416 Posts
JULY STILL AINT NO LIE!!!
franny, were almost there!!
-
11-12-2006, 12:03 PM #31622
- Join Date
- Sep 2006
- Posts
- 2,989
- Feedback Score
- 0
- Thanks
- 196
- Thanked 2,467 Times in 238 Posts
.Many economists specializing in finance and monetary actions the Iraqi Central Bank to lower the rate of the dinar against the dollar sale an important step on the road to control the volume of inflation.
.They emphasized the importance of raising the interest rate of up to 12% in achieving the goal of curbing inflation would in the short term to stabilize the acceptable price prevailing in the Iraqi market.
.It noted that the (morning) depression, and the upheaval of this action on the stock sale and purchase rates in most of the stores are banking Baghdad must follow this dangerous turn in the capital market in the Iraqi press statements, a number of different Concerned importance of the matter and the enemy of a remarkable step towards reducing inflation and raise the value of Iraqi dinar and reduce prices of goods and services.
ر.When he said Ghalib Baban, Minister of Planning of the benefits of this procedure in Deflator which, he said also : that the Central Bank's decision, which came after extensive study by the stakeholders also aims to encourage holders of capital in addition to citizens in general on saving.
فيه.For his part, Governor of the Central Bank Sinan Shabibi : that the goal of the Central Bank is currently limited in the fight against inflation, which reached about 76% and reduce the height by providing better conditions for economic development and improving the performance of the banking sector and provide stability.
.The Shabibi said that among the reasons inflation is increasing cash in circulation, necessary to follow a new monetary policy aimed at improving the dollar's exchange rate towards reducing its price several points in the auction, organized by the Central Bank every day to sell the dollar to withdraw currency from circulation.
.With the general director of research at the Central Bank of Iraq appearance of Dr. Mohamed Saleh said that the Central Bank is responsible by virtue of Law No. 56 of 2004 to cope with inflation and reducing levels since the form of this principle, the basis for adoption of monetary policy in the performance of their duties, and on this basis should the Central Bank that sets policy priorities, and here we mean monetary policy to combat inflationary activities using the tools available.
.He adds : no benefit to the monetary policy variables and intermediate or intermediate objectives reflect on the relationship between the impact of these variables to reduce the general level of prices and contain inflation. Among these variables of interest rates stabilizing, "long-term" and stabilizing the exchange rate, or investigative, and the levels prevailing exchange, noting that these changes can not control unless it is directly targeted by similar variables and the variables or operational objectives are references or means Acharateh or information be used to influence stability in the cash market.
.Among these references technique interest rate, the Central Bank of Iraq, a price indication would be tantamount compass navigation to influence the behavior of interest rates, as determined by which the Central Bank lends Why? What banks deposited in the Central Bank? Under the control of the volume of cash as it is believed that whatever the confiscation of inflation, in the end, monetary phenomenon, and Accordingly, the priorities are stability to the crisis logical to build and stimulate the economy.
..Illustrates Saleh on this basis inflation is the basis for increasing the speed of money circulation and to abandon them what leads to the weakness of demand monetary and the growing demand for goods and services a matter of counterproductive, and in order to preserve the coherence of demand monetary and maximization its levels order does not turn to the spending strong emphasis on goods and services for the Central Bank, only the use of its tools in the raising the rate of interest to him to catalyze the structure of interest rates and maintaining the coherence of savings and maximization their purchasing power including helps monetary policy in addressing the table elevations high liquidity and contain them within a cash market "banking" turning into bloc cash adrift the direction of goods and services .. the light of Matqdm highlights many of the questions in the forefront Can a Central Bank unit of curbing inflation and control the volume of cash and Majdoi raise the level of interest at the high prices?
.Economists stressed the importance of the oldest in the Iraqi Central Bank of procedures to control the volume of inflation, which reached the high figures exceeded 70% by reducing the price of selling the dollar against the Iraqi dinar and raising the interest rate up to 12% from 10%, which generated a remarkable stability in prices in the markets of Iraq's stagnation in the sale and purchase rates in most of the stores banking in Baghdad.
.The economists also stressed the importance that the Central Bank will continue this approach, which would curb inflation, which now threatens the stability of all the situation in Iraq, including security and social addition to the economic situation.
.The observers speculate that the rise in the value of the Iraqi dinar against the dollar would reduce inflation and revive the economic situation of Iraqi families, which has suffered greatly because of the high rate of inflation, which was born the burden of large households now borne citizen addition to the deterioration of the level of savings is clear. Which prompted the Central Bank to take this action, which many observers several step towards a comprehensive reform of the Iraqi economy.
شبكة الزوراء الأعلامية - تقديم الخدمات العلاجية والوقائية للعوائل المهجرة
-
11-12-2006, 12:05 PM #31623
- Join Date
- Sep 2006
- Location
- TOP OF THE WORLD!
- Posts
- 6,127
- Feedback Score
- 0
- Thanks
- 2,187
- Thanked 11,082 Times in 416 Posts
Iraqi figures is in intensive consultations to establish a new political blocs
بغدادBaghdad -- 11-12-12-11 - Amman, Baghdad and intensive consultations to Iraqi figures and representatives of the political parties inside and outside the Iraqi parliament to develop agreements for the establishment of a new political blocs in the Iraqi arena aimed at the country's exit from the political impasse of frustrating sectarian witnessed by Iraq.
The Minister of State for the national reconciliation Akram Hakim that Iraq would soon form a new political bloc of the Supreme Council for Islamic Revolution in Iraq, the Iraqi Islamic Party and the Kurdistan Alliance.
Hakim said : that the aim of the bloc was to address the sectarian tension that has ravaged the country through coordination among the most important parties within the bloc.
Meanwhile, Dr. Ibrahim Mohamed Bahr Al-Uloom, the former oil minister : that the ongoing consultations between the representatives of a number of political entities in Iraq, some representative in the parliament and some of the outside is serious consultations stems from the imperatives of the necessities of the Iraqi situation, as it carries the representatives entities participating in the consultations perceptions of the risks faced by Iraqis, especially on the security front.
.He added Sea Science disclosed on his participation in the consultations with a number of political figures that the Iraqi National Accord Movement headed by Dr. Iyad Allawi and the National Dialogue Front led by Saleh Almtalk had made in the consultations but it faltered in the recent period, called Virtue Party, a component of the United Iraqi Alliance to the new alliances away from sectarianism out of the impasse in the country.
He said Radio Sawa and the Minister of State for reconciliation situation of child labor Akram Hakim that Iraq would soon form a new political bloc of the Supreme Council for Islamic Revolution in Iraq, the Iraqi Islamic Party and the Kurdistan Alliance.
.In press statements from Washington, Hakim said : that the aim of the bloc was to address the sectarian tension that has ravaged the country through coordination among the most important parties within the political blocs President.
الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.comJULY STILL AINT NO LIE!!!
franny, were almost there!!
-
11-12-2006, 12:08 PM #31624
- Join Date
- Nov 2006
- Posts
- 660
- Feedback Score
- 0
- Thanks
- 123
- Thanked 939 Times in 54 Posts
- The Affiliate Cash Secrets Training Course - How to Build Your Own Automatic Money Machine
- The Affiliate Organizer Software - Store All of Your Affiliate Information in One Convenient Place
- The Free Traffic Secrets Training Manual - How to Drive Thousands of Laser-Targeted Visitors to Your Website for Free!
-
11-12-2006, 12:08 PM #31625
-
11-12-2006, 12:09 PM #31626
- Join Date
- Sep 2006
- Posts
- 1,147
- Feedback Score
- 0
- Thanks
- 24
- Thanked 1,706 Times in 58 Posts
Dinar soars: Iraqi currency hits 2-year high
Dinar soars: Iraqi currency hits 2-year high
11/12/2006
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 US$14 billion in foreign assets, said Mudher Qassim, the Central Bank of Iraq’s director of statistics.
On Thursday, the last day of the work week 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.
"Our goal is to reduce inflation, which is now running at about 50 per cent, by improving the dinar and thereby making imported goods cheaper," Qassim said, adding that more than 80 per cent of all Iraq’s tradable goods are imported, he said.
In a report in August, the International Monetary Fund also said inflation was escalating in Iraq. The 12-month rate of inflation ended 2005 at 31.7 per cent, but inflation then accelerated, with 12-month inflation reaching 58 per cent in May 2006, the report said.
Iraq’s Central Bank also is trying to fight inflation by raising interest rates. In November it raised its key policy rate to 16 per cent from 12 per cent. Wednesday’s report from the bipartisan U.S. Iraq Study Group said that by the end of 2006, the bank will raise rates to 20 per cent and appreciate the dinar by 10 per cent.
The Central Bank’s fight against inflation could prove to be an uphill battle, however, since many observers believe the leading contributor to inflation is the high cost of security involved in distributing goods throughout the country.
On Thursday, the dinar was trading at the central bank’s auction price of 1,424 against the U.S. dollar, its strongest price since March 23, 2004, when it was at 1,420.
http://www.iraqdirectory.com/DisplayNews.aspx?id=2733
-
11-12-2006, 12:19 PM #31627
- Join Date
- Sep 2006
- Posts
- 2,989
- Feedback Score
- 0
- Thanks
- 196
- Thanked 2,467 Times in 238 Posts
Mortgage Bank began in the province of Maysan lending operations citizens as controls and instructions. The Director of the Land Bank in Maysan fairness to Ismail : "that the bank will adopt a mechanism for the disbursement of loans included in the construction process, which includes lending sum of 20 million dinars if the 75-building area of 100 square meters and 25 million dinars if the construction area of 101-125 square meters and 30 million dinars if the area of building 126 more." She added : "The loan of 30 million dinars are being cashed in stages according to the ratios of completion of construction as the first installment nine million dinars after the completion of the calf with the disposal of the second installment of nine million dinars after the completion of roofing As the final stages of construction, which include money laundering and Allbakh and pigment and electrical appliances and Altasisat water forward, it Matbqi of the loan amount, in two phases, or one-time, according to the disclosure, at 12 million dinars and what can
يابيةCitizen of the completion of construction now flowing
عالية.High.
شبكة الزوراء الأعلامية - المصرف العقاري في ميسان يباشر بإقراض المواطنين
-
11-12-2006, 12:23 PM #31628
- Join Date
- Sep 2006
- Posts
- 1,147
- Feedback Score
- 0
- Thanks
- 24
- Thanked 1,706 Times in 58 Posts
import and sale of oil products - summary and analysis of the law
import and sale of oil products - summary and analysis of the law
4 December 2006
Background:
The government subsidies of prices cost huge amounts of money. This issue has caused the World Bank to ask the Iraqi state to lift the subsidy on oil products, ration cards, and social care networks.
It has also demanded that the preparation of the state's federal budget be based on international rules and criteria.
Because Iraq needs the support of the World Bank and of all the countries that want to offer loans or grants to Iraq, because the state has become the only provider of these oil products and has started to provide them to citizens for subsidized prices, because Iraq has followed the path of a free economy instead of a planned economy run by the state, and in order to overcome the problems surrounding these oil products, the Law of Import and Sale of Oil Extracts has been enacted on 6 September 2006.
This law allows private sector and foreign companies to import, store, transfer, and sell oil products including petrol, gasoline with not less than 90% octane, gas oil, motor oils and lubricants, liquid gas (cooking gas), white oil (kerosene), and black asphalt.
This law has been enacted as a solution to the successive crises resulting from the paucity of these products which the government has to import and sell at subsidized prices.
This law contains the following principles:
1. Every citizen or company (natural or legal) has the right to apply to the Ministry of Oil to obtain a license for importing and selling oil products according to conditions and controls stipulated and published in the Official Gazette by the Ministry of Oil.
2. This citizen or company, as a legal entity (natural or certified), has the right to own and establish fuel loading stations in Iraq other than the stations established by the state and authorized to citizens. The latter are exempted from this law unless the rent contract is relinquished and an import and sale of oil products license is obtained in accordance with the law. Then they will be included in the law.
3. Imported oil products according to this law are sold at the price set by the importer, the owner of the license. Consequently, the state does not subsidize what the private sector imports. The private sector also cannot buy fuel from loading stations run by, cared for, or rented out by the government. In order to avoid violations of these regulations, the law has stipulated high financial fines.
Evaluation:
This law may fail in dealing with violations committed by the political leadership in Iraq and responsible officials in the Ministry of Oil.
The country exports 2 to 3 million barrels per day if it continues to export crude oil through the northern outlet (Northern Oil Company). This figure may rise to 8 million barrels per day in the coming four years.
Consequently, planning for a political, sound, and balanced oil strategy must take into consideration the real need for these products and their possible development and growth in the future. It must also take into consideration the age and the limitation of the design capacity of the present oil refineries now. Planning for building refineries should take into consideration the country's need for these products. This planning is not impossible or impractical because four years, from 9 April 2003 until now, is sufficient to prepare and execute a plan.
Dealing with the crisis in accordance with this law will not solve the problem for the following reasons:
• The rise in the price of oil products imported for private sector and foreign companies (not subsidized by the government) in comparison with oil products produced by Iraqi refineries or imported by the state and sold to citizens at subsidized prices. Therefore, citizens will not resort to the first oil products in light of the great inflation which the Iraqi state is witnessing.
• The fear of mixing imported, non-subsidized oil (of expensive price) with locally produced oil (of cheap price).
• Therefore, the law needs an effective executive power in addition to the fines imposed on violators, although the ministry has put technical controls (regarding oil products specifications) and financial fines to overcome fraud in this matter.
• The state will not levy any fees or taxes on oil products imported by the private sector, and thus it loses a financial source.
For this reason I believe the law will fail except what is related to motor oil and lubricants. As for products, import, transfer, and buying are not feasible economically. Therefore, those who want to apply this law from the private or foreign sectors will cheat regarding available products with the owners of fuel loading stations. They will do this because of the inability of the government to monitor the process, the weakness of the measuring apparatus, quality control in Iraq, and the weakness of the security forces. Although penalties mentioned in this law are sufficient to curb this phenomenon, the weakness of the security and executive bodies at present prevents the sound implementation of the law.
Judge Dr. Wa'il Abd Al-Latif, legal expert, MP and deputy head of the Legal Committee
Iraq Politics and Constitution - سياسة العراق و الدستور
My god, that economy will boost sky high the next 4 years!
I will cash in 50% and sit on my other 50% (stocks) for the next 5 years.
What a ride it will be!
-
11-12-2006, 12:23 PM #31629
- Join Date
- Sep 2006
- Posts
- 2,989
- Feedback Score
- 0
- Thanks
- 196
- Thanked 2,467 Times in 238 Posts
Deputy Prime Minister Dr. Barham Salih confirmed that the text of the International Covenant with the
بIraq represents a national vision for Iraq, as it represents the will of the government and people
الكاتب:Writer : non14Non14
القراءات:Readings : 55
التعليقات:Comments : 00
المشاركات:Participants : 35393539
التسجيل:Registration : الجمعة 22-08-2003Friday, 22-08-2003
كانونThe Prime Minister Nuri Kamal al-Maliki officially in the 10th of the month of December
.I present the final text of the International Covenant with Iraq.
ودولThe resulting text as a result of protracted discussions with the United Nations, the World Bank and the States
لاقة .International partners and related organizations.
فيSince the announcement of the plan on the 20th of July last two preparatory meetings were held in
م
تموزNations, in addition to meetings at the technical level was held in Baghdad since last July
الماضي.Last.
الماليةAnd Mr. Prime Minister, in the presence of Dr. Barham Salih Deputy Prime Minister and Minister of Finance
الدوليPlanning, the full text to the ambassadors and representatives of the United Nations and the World Bank
واThe Office of the European Union and the United States of America, Japan and Korea
.Germany, France and Italy.
خلالAnd, Mr. Prime Minister, that the text was discussed and agreed upon in the Council of Ministers during the
لأصلاحLast week, explaining that the Iraqi program is the firm's reform
.Legislation and development in the economic, security and political.
Prime Minister thanked the international partners
نون -> نائب رئيس الوزراء يؤكد ان نص العهد الدولي مع العراق يمثل رؤية وطنية -
-
11-12-2006, 12:26 PM #31630
- Join Date
- Sep 2006
- Location
- TOP OF THE WORLD!
- Posts
- 6,127
- Feedback Score
- 0
- Thanks
- 2,187
- Thanked 11,082 Times in 416 Posts
The House of Representatives will discuss the future of water resources in Iraq
بغداد -11-12-Baghdad-12-11 -Hosted by the Committee on Agriculture and Water and marsh in the House and the Minister of Water Resources, Dr. Abdul Latif Jamal Rashid to discuss the future of water resources in Iraq and the relationship between the riparian States (Iran, Turkey, Syria) and the building of dams and the rehabilitation of the marshes, and was attended by hosting Mr. President of the Court of the House of Representatives and members of the adviser and secretary of the Committee.
The minister pointed out that the ministry, in good condition, we have been able to achieve outstanding achievements for more than two years, and this day is the work of the Ministry to create and operate the projects in terms of services and Altakhualzrah, as a five-year plan for the implementation of the projects of the ministry.
He stressed Dr Abdul Latif on the need for Iraq to build new dams to the fact that Turkey continues to build Sdodha on the Euphrates and Tigris rivers, has a plan to build 30 dams, which have a negative impact on water resources must be coordination between the riparian States and focus on the extensive and comprehensive study on how to receive water and how to use and benefit from them.
It called on the Minister of Water Resources to the need to have the ministry support of the Chamber of Deputies and by the Committee on Agriculture, water and marsh after received considerable support by the Council of Ministers on the issue of the construction of dams being the source of the President in the power generation and water storage and provide fish and finally tourism. And in the process of revitalizing the marsh Mr. Osman Agmar 60% of the area of the marshes and Kdaadt life for a large part of the region and has been active cultivation of rice increased by 50% than it was returned raising livestock (buffaloes), fishing and opened ministry doors for the people of the area to express their suffering through frequent meetings and the complaints and reports we receive a constant and called Dr. ministries concerned to provide health and educational services, educational, agricultural, as the region was suffering from severe water shortage and sharp in services.
For his part, called on Vice-Chairman of the Committee of Agriculture, Water and marsh in the House of Representatives formed a central Marshlands as an integrated environmental and vital, and the need for the representation of the Committee on Agriculture, the House of Representatives in this body also stressed the need to activate cooperation between the Commission of Agriculture and the Ministry of Water Resources.
He and the Minister of Water Resources readiness to cooperate with the Commission of Agriculture, Water and marsh in order to achieve the best results in the public interest was the nomination of Mr. Adviser for construction and maintenance coordinator between the Ministry and the Committee to follow up on all subjects that concern the two sides.
The program of the United Nations Environment had announced earlier that water returned to the marshes in southern Iraq, which dried up during the era of tyrant Saddam Hussein, after the rehabilitation of 50% of its shares, raising renewed hope ecological system and the return of the local population.
The Administrator said Klaus Toepfer in a statement summarizing the results of a rehabilitation launched by the United Nations a year ago that the Japanese almost complete drought of the marshes of Iraq under a tyrant like Saddam was an environmental disaster and human resources. Toepfer added that the rapid rehabilitation is a positive signal, not only for the environment and the local population, but for the peace and security of the Iraqi people and the entire region.
الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.comJULY STILL AINT NO LIE!!!
franny, were almost there!!
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 62 users browsing this thread. (0 members and 62 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.