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

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Economic : General budget for 2007 is met the basic needs of the country?


The general budget for 2007 is met the basic needs of the country?
Baghdad Haider spring

It is expected that the top of the Parliament today, Tuesday, the discussion of the general budget for 2007, in the meantime, views vary specialists in the economic aspect regarding investment expenditure for this year's budget of 2007 and 41 billion dollars.

Will this budget will meet the basic needs of the country? Some regarded it as explosive and will meet all the requirements necessary for the advancement of economic and urban in various fields, while others considered that the budget did not meet in the implementation of the overall ambitious plans to be implemented on the ground.

He was Minister of Planning and Development Cooperation on Ghalib Baban in a press statement that the proportion of the deficit in the new budget amounted to (10) trillion dinars, stressing that the deficit is more theoretical than realistic because the state some cash reserves in the Development Fund for Iraq.

And expressed Papan his dissatisfaction for the on the budget, which he (that it is not the level of ambitious the ministry at the level of development), pointing to the allocation of three trillion dinars for projects the Ministry of Oil or the rate of 69.23% of the total specialties was, and is addressed to the rehabilitation of the oil sector and enable it to increase its ability to production and export, whereas the projects the Ministry of Electricity approximately trillion and 750 billion dinars was that these funds were allocated for projects of the modernization and improvement of the generation and transfer of electrical energy in addition to an allocation of (425) billion pounds to the Ministry of municipalities and Works, and (430) one billion dinars to the Ministry of Health, and (422) billion pounds for Ministry of Reconstruction and Housing and (336) billion pounds to the Ministry of Education, and emphasized to allocate (259) one billion dinars for the rehabilitation of existing schools and building of new schools in addition to the that the draft the Territories received considerable support amounted to trillion and 602 one billion dinars.

And between the two doors of a number of considerations that have imposed themselves in the budget and the most important high expenditure allocated to security and defense estimated at (10) trillion dinars, and the high costs posed by the ration card insurance, estimated at about three trillion dinars.

From his part, Kamal al-Basri, Undersecretary of the Ministry of Finance budget of the year 2007, as well, and meet most needs of the country, whether the service or health or education, said Basri : will not say (explosive), but offsets are trying to satisfy a lot of needs, including responding to the lifting of living individuals, as well as the budget, it is hoped that it will provide job opportunities for many of the unemployed as it gave priority to all areas of investment, including oil, electricity, education and higher education, and many other investment projects in the field of development of the Territories.

For his part, Minister of State for Parliamentary Affairs Safa net debt to the budget and encouraging large compared Balmwaznat years, as it more than last year's budget b (11) billion dollars. A net for the formation of committees central to the activation of application projects or withdrawal of funds from some ministries in the event of failure in the implementation of projects and transferred to other ministries succeeded in implementing projects assigned Aiha.

And in relation An official source at the Central Bank of Iraq in a deficit budget this year because of pumping dollars into the local market to preserve the stability of the dinar exchange rate.

His appearance Mohamed Saleh, Head of the Department of Statistics and Research in the Central Bank, said that the new budget will exchange allocations to the dollar, pointing out that the rise in the value of the dinar positively impacted by limiting expenditures to alleviate inflationary pressures in the Iraqi economy and reduce costs on prices.

Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget.

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Economic : Wasit agree on the budget for reconstruction in 2007


An economic report
Kut morning
The board of Wasit governorate to the budget plan to accelerate reconstruction in the province this year, the prize / 148 / billion dinars. This was announced by Ahmed Shehab Hamed Council member in a press statement, said : "I got the approval of the budget to maintain the accelerated reconstruction

Which had been developed prior to the relevant functional and according to the need of each hand and the judiciary in the province, after discussions with the directors of departments and the relevant functional. " He said, "distributed 80% of the total amount between the service and 20% for the rest of constituencies, including / July 24 billion dinars to complete projects initiated in effect during 2006 did not fully completed

He pointed Council member that "agreement was reached allocate / 40 / billion dinars of the Directorate of municipalities in the governorate in addition to the / June 18 billion dinars were allocated for the Municipality Kut, and the amount / September 10 billion dinars each from the Directorate of of Education, roads and bridges, and the amount of / five billion / each from the University of Waset, local administration and urban planning in and the amount of April billion and 500 million dinars resources are projected technicians in Kut and Essaouira, whilst circles electricity and health and water resources, Youth and Sports on the amount of / 1 / billion dinars, also allocated 500 million dinars to circle of contacts, and mail and Wasit, either of projects for the construction of water systems allotting a reasonable them / 24 / billion dinars and 22 billion dinars for projects sewage."

He emphasized that "these amounts do not cancel large allocations which have been developed by some ministries for services operating in the province, as will be discussed details of the amounts allocated to each of the prior these ministries and the degree of implementation of these projects with the potential for technical and engineering directly by the

Originally Posted by shotgunsusie

ÌÑíÏÉ ÇáÕÈÇÍ - ÇáãæÇÒäÉ ÇáÚÇãÉ áÚÇã 2007 åá ÓÊáÈí ÇáÇÍÊíÇÌÇÊ ÇáÃÓÇÓíÉ ááÈáÏ¿

Economic : General budget for 2007 is met the basic needs of the country?


The general budget for 2007 is met the basic needs of the country?
Baghdad Haider spring

It is expected that the top of the Parliament today, Tuesday, the discussion of the general budget for 2007, in the meantime, views vary specialists in the economic aspect regarding investment expenditure for this year's budget of 2007 and 41 billion dollars.

Will this budget will meet the basic needs of the country? Some regarded it as explosive and will meet all the requirements necessary for the advancement of economic and urban in various fields, while others considered that the budget did not meet in the implementation of the overall ambitious plans to be implemented on the ground.

He was Minister of Planning and Development Cooperation on Ghalib Baban in a press statement that the proportion of the deficit in the new budget amounted to (10) trillion dinars, stressing that the deficit is more theoretical than realistic because the state some cash reserves in the Development Fund for Iraq.

And expressed Papan his dissatisfaction for the on the budget, which he (that it is not the level of ambitious the ministry at the level of development), pointing to the allocation of three trillion dinars for projects the Ministry of Oil or the rate of 69.23% of the total specialties was, and is addressed to the rehabilitation of the oil sector and enable it to increase its ability to production and export, whereas the projects the Ministry of Electricity approximately trillion and 750 billion dinars was that these funds were allocated for projects of the modernization and improvement of the generation and transfer of electrical energy in addition to an allocation of (425) billion pounds to the Ministry of municipalities and Works, and (430) one billion dinars to the Ministry of Health, and (422) billion pounds for Ministry of Reconstruction and Housing and (336) billion pounds to the Ministry of Education, and emphasized to allocate (259) one billion dinars for the rehabilitation of existing schools and building of new schools in addition to the that the draft the Territories received considerable support amounted to trillion and 602 one billion dinars.

And between the two doors of a number of considerations that have imposed themselves in the budget and the most important high expenditure allocated to security and defense estimated at (10) trillion dinars, and the high costs posed by the ration card insurance, estimated at about three trillion dinars.

From his part, Kamal al-Basri, Undersecretary of the Ministry of Finance budget of the year 2007, as well, and meet most needs of the country, whether the service or health or education, said Basri : will not say (explosive), but offsets are trying to satisfy a lot of needs, including responding to the lifting of living individuals, as well as the budget, it is hoped that it will provide job opportunities for many of the unemployed as it gave priority to all areas of investment, including oil, electricity, education and higher education, and many other investment projects in the field of development of the Territories.

For his part, Minister of State for Parliamentary Affairs Safa net debt to the budget and encouraging large compared Balmwaznat years, as it more than last year's budget b (11) billion dollars. A net for the formation of committees central to the activation of application projects or withdrawal of funds from some ministries in the event of failure in the implementation of projects and transferred to other ministries succeeded in implementing projects assigned Aiha.

And in relation An official source at the Central Bank of Iraq in a deficit budget this year because of pumping dollars into the local market to preserve the stability of the dinar exchange rate.

His appearance Mohamed Saleh, Head of the Department of Statistics and Research in the Central Bank, said that the new budget will exchange allocations to the dollar, pointing out that the rise in the value of the dinar positively impacted by limiting expenditures to alleviate inflationary pressures in the Iraqi economy and reduce costs on prices.

Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget.

Nice last paragraph, if this does not get speculators attention, I don't know what will.

cat....bag.....out

Originally Posted by jedi17

Nice last paragraph, if this does not get speculators attention, I don't know what will.

cat....bag.....out

Great news and find, thanks Susie!

As I read it, we are settling the budget today after this is done we know what exchange rate we will look forward to!

Well, with all the good news coming out I am gonna brake my little pink pig in the bedroom to buy me some more dinars!!

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Iraq :Prediction : Christians

Morning talk
Mohamed Abdul Jabbar carp

Regardless of the disorder and Lawn, who accompanied the execution of Saddam, regardless of the angry demonstrations, it is useful to remind each other what is beneficial to the nation and the people in that troubled country.

For those who still believe in the Baath Party, and this is not the right personal argue, tell them what was reminding the party founder Michel عفلق say on the experience of party rule in Iraq : now the fate of the party and its future is linked to this experience, as it embodies the Baath ideology and the basic perception in the depth and originality of his career.

And everyone agrees with opportunities to say on his party, was made available to the Baath Party that governs Iraq twice, first in 1963 for a period of nine months, and then returned to power again in 1968 to keep it to 2003.

Presumably including believes Baath Party that the review of these experiments on the intellectual level and the organizational, political, and most importantly, at the level of government and the state, to identify himself why the party has achieved and what has not been achieved, and why failed here and why failure there, and above all, examines how the experience of the Baath Party in Iraq, which link the cultural future of the party, the entire system of governance to an individual dictatorial oppressive.

.Perhaps argue of the remaining believes in Hizeb-the Baath rejecting of of descriptions, the three launches on the rule of the Baath, any individually dictatorial, repressive, and therefore will transmittal to the two meetings only a contract over by Saddam Hussein, of the cadre Advanced Party, in one case after assuming the reins of the Chair, succeeding to President Ahmed Hassan Al-Bakr, and the second during the Iraqi-Iranian War, to see how was Saddam deals with the's cadre Advanced of his party, to see if The man was a democratic leader, um tyrant of arbitrarily, the killing of senior leader of his party, before heading to the leaders of parties competition or the opposition other, as well as the general public in Iraq, with death, torture and persecution and hot pursuit.

Logic imposed on the Baathists now to examine the experience of the party in Iraq, and the answer says a central question : Does the experience of successfully Baath rule in Iraq? If the answer is yes, what has? If the answer is no, why? This is the best! Of wailing

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The first political :Skinner told : "Sabah" : the details confidential, but the security plan Baghdad crucial this time

Pushing three brigades Kurdish-Bishmaraka and consider any hostile target of armed militias and procedures for resolving political and economic strategy
Baghdad-Sabah

Government spokesman denied Dr. Skinner for the "morning" news media on the participation of three brigades s security plan in Baghdad, but the minister in the government of Kurdistan s Sheikh Jaafar Sheikh Mustafa said in a press statement yesterday that the brigades will be Kurdish.

It appears that the label dispute caused this confusion Taking the media any armed forces under Kurdish s expression. He says : Sheikh Mustafa there in Kurdistan three brigades of the Iraqi army brigades and Sulaymaniyah, Irbil and Dohuk pointing out that the powers moved from the responsibility of the Ministry of Defense. He expected the defense to deliberately denied involvement at the same time the involvement of troops from PESHMARGA.

.As confirmed by the spokesman for the Ministry of Defense military, as well as Vice President of the Parliament of the Kurdistan Kamal Karagoki this information (see p. 4) However, Skinner suggested that the details of the plan are still subject to deliberate and very confidential, and pointed out that much of the information or leaks reported in the media are false or inaccurate at least.

The facts speak for the five Iraqi brigades, as well as twenty thousand American soldiers are strength, which begins Friday, the widest spread in Baghdad to impose the law of force, but Dr. Skinner rejected that the government had set for the start of the beginning of the plan or a specific deadline, and said : "It is a process that can be described Balveneh to impose security by force of law.

He pointed out that the government will be crucial - this time on nuclear-weapons-licensed, and will to strike gunmen in the street, whatever the nominations or affiliation and adhere to the responsibility of the people to impose security in all ways and means. The problem of the militias in the forefront of the plan seeks to address, and Skinner revealed that the political committee had been formed for this purpose, contemplating exiting proposals lead to the termination of this problem.

.It appears from the words "Skinner told Sabah said that" the government is determined to deal firmly and decisively with any manifestation of security anomalies, and said : raids against targets will not consider this time that they represented facades political, partisan or other, and stressed that the security services will reach its goals without paying attention to any side effects. The government spokesman warned that the political and economic measures will be part of the plan, which he described as a system of operations that complement each other.

In addition, news agencies : The special team offloaded at the White House 48 hours to the formulation of Bush's speech, which represents the new strategy on Wednesday, which includes the four axes with respect to Iraq.

Originally Posted by shotgunsusie

Saleh pointed out that the (95)% of the income of public budget depends on oil revenues, as a basic resource for the country. He pointed out that the future will be encouraging the conditions for lifting the value of the dinar against the dollar, but could not determine the rate of exchange to proceed only after the real budget.

In otherwords.....they cannot REALLY determine the REAL exchange rate for lifting the value of the dinar to the dollar ONLY AFTER REAL BUDGET kicks in from the oil revenues or possibly guarantee notes from the BIG OIL CORPS' front capital acquired through the hydro carbon law guarantying them to increase their oil exports (which is about to be passed apparently)

pssst........ that is how close we are....

The 838 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 1/9 so the results were as follows :
Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1318 -----
Auction price buying dinar / US $ 1316 -----
Amount sold at auction price (US $) 14.245.000 -----
Amount purchased at Auction price (US $) 3.055.000
Total offers for buying (US $) 14.245.000 -----
Total offers for selling (US $) 3.055.000 -----

Announcement No.(838)

D.G. of Foreign Exchange Control

The 838 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 1/9 so the results were as follows :

Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1318 -----
Auction price buying dinar / US $ 1316 -----
Amount sold at auction price (US $) 14.245.000 -----
Amount purchased at Auction price (US $) 3.055.000
Total offers for buying (US $) 14.245.000 -----
Total offers for selling (US $) 3.055.000

well, thats an interesting auction. 1320 to 1318, 11 banks,... hmmmm