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

Originally Posted by aceman

I've seen those days but that is usually because of curfews or holidays isn't it?

Good point...with the curfew are they even going to hold an auction today?
They have held off in the past

Originally Posted by aceman

I've seen those days but that is usually because of curfews or holidays isn't it?

not always. and this will be moved since its in no capacity going to be fifty words long. not a chance in hell can i think of enough stuff to say to keep it in this thread so theres no sense in trying even if i wanted to which i dont.

Iraq : Action: The rise in the unemployment rate to 50% in some governorates.

Despite providing about (200) thousand jobs
Baghdad-Rali sure

The Ministry of Labor and Social Affairs, the high unemployment rate in Iraq to 50% in some governorates at the time and provided more than 199 thousand and 781 thousand jobs for registered operating centers and vocational training in Baghdad and the provinces.

An official source in the ministry in a press statement : that the Minister of Labor and Social Affairs, said the rise of unemployment rate in some provinces to 50%, indicating that the terrorist operations are spread Group basis in terms of human capacity aimed at paralyzing the labor market has almost full, which made the wheel of Iraqi industry depends on the production. He added that the ministry started through the draft small loans given by the ministry for the unemployed to set up 100 thousand project to absorb the number of the unemployed next year 2007 move in the right direction for the elimination of unemployment, as well as the series of steps taken by the Iraqi government, such as the investment law to support and encourage the labor market, pointing out that the ministry if it did not do those projects escalate numbers of unemployed and therefore the State can not provide these funds to provide them subsidies fill their needs. In relation to the numbers of the registered unemployed operating centers and vocational training in Baghdad and the governorates and according to the latest statistics of the Ministry to 907 thousand and 765 unemployed whom 167 thousand and 175 unemployed in the province of Baghdad, pointing out that the ministry provided 199 thousand and 781 opportunities for the unemployed. He explained that the operation centers and vocational training for the Ministry in Baghdad and other specialized courses and opened a professional in various fields needed by the labor market.

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Iraq : Appointment of five ministers proxy

Baghdad-Sabah

An informed source in the government that the government had issued a decree appointing five ministers proxy for the conduct of the work of the ministries of the State, pointing out that the five other ministries covered in the forthcoming cabinet reshuffle, as well as Deputy Prime Minister Zakam Alzobai peace.

The source said Dr. Rafie Issawi will post of Minister of Health and the Agency, Dr. Akram Hakim, the post of Minister of Agriculture and the Agency will be in Shirwan Alowaeli and Minister of State for National Security Affairs office of the Minister of Construction and the Sultan Abdul Samad Rahman, Minister of Displacement and Migration office of the Minister of provincial agency assigned the post of Tourism Minister agency to good effect.

The source pointed out that the five ministries in addition to the ministries of health, agriculture, transport and tourism would be covered by provincial and ministerial changes anticipated is the Ministry of State for the community and the Ministry of Culture and the Ministry of Justice and Ministry of Education.

The change also includes the Minister of State Mohammed Eraiby because he did not obtain a university degree as well as the change of the Deputy Prime Minister Zakam Alzobai peace.

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Lamy : Chairperson of the working group selected to join the World Trade Iraq important step Early next year the start of accession negotiations on Iraq to the World Trade Organization ...
Geneva-(KUNA) said the Director-General of WTO, Pascal Lamy yesterday that the selection of Colombian Ambassador Claudia Auibi.Chairperson of the working group assigned to Iraq's process of accession to the WTO was "an important step on the path of strengthening the development of Iraq in the multilateral trading system." Lamy added that "the multilateral trading system is a system of laws granting stability, transparency and predictability of international trade." But he explained that the process of accession to the World Trade Organization always be "long and difficult process" and will require considerable effort from Iraq, pointing out that Iraq already submitted preliminary papers to the work group and answers to questions about its relationship with its trading partners. Lamy said that this positive development and the selection of the President of the working group on the possibility of launching the accession negotiations seriously. Iraq had been requested to join the World Trade Organization in October 2004, his request was approved in December the same year but did not begin accession negotiations since that time due to the appointment of the Chairman of the working group. The General Council of the International Organization yesterday and unanimously appointed Ambassador Colombian President of the working group to Iraq to join the international organization. It is expected that these negotiations can begin with the beginning of the new year after Iraq meets all the papers and documents required.

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The first political : Rice advises : Tehran and Damascus not to expect any incentives for their contribution to the stability of Iraq

Unexpected changes in the way the American military policy recognizes Gates office

Baghdad-Washington-up morning

Rejected American Secretary of State Condoleezza Rice, a recommendation made by a study of Iraq that the American administration open a dialogue with Syria and Iran in the context of efforts to establish security in Iraq, while sources expected at the White House for changes in military policy in the case of Iraq recognizes the new Defense Minister Robert Gates took office

A successor to Donald Rumsfeld. Rice said in an interview published in the Washington Post yesterday : first, it would not be possible to carry an exorbitant price for such a deal, pointing out that it could not be abandoned, for example, Lebanese sovereignty of Syria or Iran to allow access to nuclear disarmament price for peace in Iraq, and followed should not need Syria and Iran to incentives to support stability in Iraq. The group Baker-Hamilton suggested in the recommendations of the Chairperson on the White House last week a set of proposals to deal with the growing anarchy in Iraq, including the holding of direct talks with Iran and Syria.

It is expected that President George Bush's new strategy toward Iraq and outlining a new approach in the beginning of next year. Rice questioned in that Tehran seeks to kind of swap, although the costs of this matter of feeling that the United States would be ready for some sort of deal on Iraq in the context of other matters renewed supply American holding talks with many topics including Iran in the event of suspension of uranium enrichment immediately. She noted that Bush may be expanding fully in the review of policy toward Iraq and that the new plan will be (unusual) but pointed out that Bush will not change drastically any of its objectives and its far-reaching Iraq. In the meantime, the White House spokesman, Tony Snow seeks new Defense Minister Robert GES to make some changes in military policy in Iraq with near took office.

The statements came during the Bush attend a ceremony at the Pentagon when the mandate of former Minister of Defense Donald Rumsfeld.

But Snow pointed out that the person responsible for the decision-making will be President Bush, as well as for the rest of the changes.

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Minister of Labor and chair a meeting on the granting of loans to the unemployed
Baghdad : Al-Sabah Al-Jadeed

Chaired by the Minister of Labor and Social Affairs Mahmoud Al-Sheikh Radi at the headquarters of the ministry held a rally under the slogan (small loans income-generating support the national economy), including a number of senior officials of the ministry and departments in provinces and managers operation centers to discuss mechanisms and the dimensions of the draft granting small loans for the unemployed covered by the social protection as an effective means to help slice the unemployed to set up income-generating projects.

The Minister is that the unemployment rate is high and up to (50%) in some governorates, as targets of terrorism untapped manpower and therefore targeting the security of the people. As a result of these factors and other factors helping the terrorists paralyze the labor market has almost fully so that the wheel of Iraqi industry has stopped production after that. It is our duty to the seminar, which violated no terrorism has imposed on us therefore we must face this side, which is most important, and we are serious in this matter too.
He said : that the practical purpose of the project is to implement small loans hundred thousand small income-generating during the (2007), will be a practical expression of this idea is to convert (250-300) thousand out of work covered by subsidies from the network of social protection to the productive elements earn their efforts rather than disrupt professional energies and self Erbikan amount of the subsidy.
The Minister reviewed the distribution mechanisms the preparation of projects to the governorates, said : will be distribution of projects throughout Iraq the adoption of proportion of the population in each governorate compared with the other governorates, which will provide we have the numbers known to the projects to be implemented in each governorate Therefore, the central committees consisting in the ministry to oversee the project management small loans the process of forming committees in the governorates to follow-up to these projects according to the preparation of projects allocated to each governorate in keeping with the ratios of achievement and will draw up the prizes a silver platter to the governorates in which Verification ratios high implementation and minutes and stress here that this process the entire especially Balmshmolin subsidies network social protection exclusively.
He added : anyone who wants progress welcomes it, and we have to urge people to take advantage of this great project and the coming years will be greater strides and wider success has meant that we draw march elimination of unemployment move in the right direction as it would synchronize this with the set of steps from the Iraqi government, such as the investment law to support and encourage the labor market is why we are eager to ensure the success of the project will be implemented in collaboration with the municipal councils and district councils, this project is of the dimensions of a national long-term which is far from the propaganda purposes. As for the lines technical and management mechanisms microcredit talked Mr. Minister, saying : formed in the centers operating unit of the Department of projects, which will be the nucleus for a great future, and we have opened a channel with Industrial Bank to develop mechanisms simplified lending in order to encourage the unemployed to the popularity of these projects will be distributed those mechanisms to the governorates with the work of the feasibility studies to ensure predict success must therefore also to the provincial committees to determine what successful projects in their region.

Then added in the same context : the amount would be lending limits ten million dinars to the amount paid by borrowers over fifteen years and there will be a grace period will be announced to encourage and inspire people to rush to set up small businesses has been agreed with the Ministry of Finance and Industrial Bank of the lending process will also develop safeguards to recover these amounts during this period as collateral by the bank industry.

He said : sovereignty of the project will be starting on the first of January 2007 which will be released by the Ministry of Finance allocations in the new budget in the next month for the first time in Iraq.

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Here is a article again about the unemployment and the loan of 10 million dinars (not 10 thousand dinars). No $ 0.66 in my opinion, just a mistype.

Budget starting on 1/1/2007, we must see some real results by then!

They have 14 days to settle things!

Details Notes
Number of banks 12 -----
Auction price selling dinar / US $ 1400 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 24.930.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 24.930.000 -----
Total offers for selling (US $) ------ -----





D.G. of Investments

Daily price Bulletin buying and selling Sunday 2006/12/17

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1411.000
1409.000

European Euro
EUR
1847.705
1846.781

Sterling Pound
GBP
2756.812
2755.433

Canadian Dollar
CAD
1219.112
1218.502

Swiss Frank
CHF
1155.894
1155.316

Sweetish Krone
SEK
204.321
204.219

Norwegian Krone
NOK
226.267
226.154

Denmark Krone
DKK
247.922
247.798

Japanese Yen
JPY
11.974
11.968


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

Number of banks 12 -----
Auction price selling dinar / US $ 1400 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 24.930.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 24.930.000 -----
Total offers for selling (US $) ------

We jumped 11 today people. I went back and looked at the history over the last year and this is the largest yet. I am thrilled to see it gathering momentum. Let's just hope this continues and maybe picks up even more momentum as we go. I am hoping for a really REALLY BIG jump soon.

11 points on this auction......GO DINAR GO!!!