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

Originally Posted by kiko

Finance Minister emphasized the need to adopt transparency in the implementation of budget 2007
(With the addition of the word, Minister of Finance)
Baghdad - (Voices of Iraq)

The Iraqi Finance Minister Baqir Jabr strike before the Iraqi parliament today, Tuesday, on the need to adopt transparency in the implementation of the budget for Iraq in 2007.

And the House of Representatives today resumed its regular legislative session in the second round after a quorum and the presence of the President of the Council, Dr. Mahmoud Almshahadani and a number of ministers. The meeting was devoted to the first reading of the draft law on the federal budget for 2007.


His counterpart in a speech that "there is a paragraph investment within this year's budget provides for the adoption of the Iraqi dinar basis in the 2007 budget."

The Iraq in the 2007 budget submitted by the government to parliament last month 41 billion dollars, an increase of $ 11 billion in the previous year's budget.

He added that the fee counterpart exchange policy is the responsibility of the Central Bank for the first time dependent (Central) economic policy and the clear need for investment in Iraq.

He did not mention the Finance Minister that the political features.
The meetings of the Council had been postponed more than once in the past month because of the lack of quorum is half the number of members of the 275-member-plus-one, forcing the Council to hold consultative meetings.

As the meetings had stopped in the past few days because of holiday Eid Al-Adha holiday and travel many members to perform the Hajj.

ÇáÈÑáãÇä-ÌáÓÉ (ãÞÏãÉ Ãæáì) :: Aswat al Iraq :: Aswat al Iraq


WWWWEEEEAAAAHHHHH!!

OK ONE QUESTION: DOES THAT MEAN RV IN THE BUDGET???

Originally Posted by MrsCK

OK ONE QUESTION: DOES THAT MEAN RV IN THE BUDGET???

Reading the post of Susie this morning and now this I think YES!!

This morning there was stated in the article that they could determine the rate of the iraqi dinar when the real budget was done!

I think that is today!

Now this statement about a paragraph of the Iraqi dinar, we must be close to that 1:1 level.

I agree with Charmed, everything that is coming out, plans of Bush!

Come on Dinar!!

Originally Posted by kiko

Reading the post of Susie this morning and now this I think YES!!

This morning there was stated in the article that they could determine the rate of the iraqi dinar when the real budget was done!

I think that is today!

Now this statement about a paragraph of the Iraqi dinar, we must be close to that 1:1 level.

I agree with Charmed, everything that is coming out, plans of Bush!

Come on Dinar!!

THEN I WAS CORRECT A COUPLE OF DAYS AGO WHEN I STATED THAT THE RV WAS IN THE 2007 BUDGET AND GOT CALLED "ALL WET" - MAN OH MAN I AM BUSTING A GUT LAUGHING!!!!!!!!!

THIS IS JUST WAY TO MUCH FUN TODAY!!!!!!!!!!!
OH BUBBAJR SAY - "EVERYBODY GET READY" SHE'S AT WORK AND I'M GIVING PLAY BY PLAY TO HER BY PHONE

WE ALSO FEEL THAT IRAQ NEEDS TO MAKE A SPEACH OR RV BEFORE BUSH'S STATEMENT.

THANK YOU EVERYBODY FOR ALL THE RESEARCH.
CHRIS

Posted by: nakr2004 on Tuesday, January 09, 2007 - 02:54 PM

Parliament-Budget
Minister urges transparency in 2007 budget
Baghdad, Jan 9, (VOI) – The Iraqi Finance Minister Baqer Jabr Sulagh urged parliament on Tuesday to stick to transparency in carrying out the budget plan for 2007.
"There is a paragraph about investment in this year's budget which provides for having the Iraqi dinar as the main currency in the 2007 budget," Sulagh said.
Iraq's budget this year hits 41 billion dollars, with an increase of 11 billion dollars compared to last year's budget.
Sulagh indicated that drawing up the monetary policies is the responsibility of the Iraqi Central Bank, adding it was the first time the central bank opts for a clear economic policy for investment in the country.
The Iraqi parliament resumed its ordinary sessions in its second legislative session after the quorum was observed. The session was dedicated to the first reading of a draft law on the 2007 budget.
The parliament's session were postponed more than once last month due to the incomplete quorum, half the number of members – totaling 275 – plus one. The postponement was also due to the Eid al-Adha holiday and many members' traveling to Saudi Arabia to perform the hajj.
AE

Sotaliraq.com

A grant of 100 thousand dinars for each family of a forced

(Voice of Iraq) - 09-01-2007
This issue was sent to a friend

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Tuesday, 1-9-2007

The Council of Ministers may decide to grant rate of 100 thousand dinars.
Each family forcibly stage

The Cabinet decided at its first session held on the 28th of last month, the Secretariat of the Council of Ministers regardless grant of (100,000) hundred thousand dinars for each family of a forced from the area home of the remaining funds in the budget of the secretariat in 2006.

Originally Posted by CharmedPiper

I like the information coming out about the economic plans especially since I would expect to hear something from the Iraqi side before Bush announces it Wednesday night at 9:00 p.m. It is interesting that Maliki and Iraqi government are accepting of the troop surge...could it be because they are about to substantially boost the economy and I don't mean 1260 or 1000:1 those numbers are not enough to curb the violence and initiate prosperity and stability and they know that. They need to go at least 1:1. Keep in mind what we have been seeing is an artificially and undervalued currency and I think these small increases are artificial and obviously undervalued and we will see the big jump to real-time actual value currency or very close to it this week. Any thoughts.

I agree 100%, however, the idea of it merely being 1:1 seems to be an under estimate to me. If they want the Dinar to be the currency of choice, why wouldn't they simply use USD too. "Choice" would imply a greater value than a 1:1 exchange rate, although I would accept that, I suspect, if they are sincere about their desire for their currency, the value would be greater.

Sulagh indicated that drawing up the monetary policies is the responsibility of the Iraqi Central Bank, adding it was the first time the central bank opts for a clear economic policy for investment in the country.
The Iraqi parliament resumed its ordinary sessions in its second legislative session after the quorum was observed. The session was dedicated to the first reading of a draft law on the 2007 budget.

Originally Posted by MrsCK

THEN I WAS CORRECT A COUPLE OF DAYS AGO WHEN I STATED THAT THE RV WAS IN THE 2007 BUDGET AND GOT CALLED "ALL WET" - MAN OH MAN I AM BUSTING A GUT LAUGHING!!!!!!!!!

THIS IS JUST WAY TO MUCH FUN TODAY!!!!!!!!!!!
OH BUBBAJR SAY - "EVERYBODY GET READY" SHE'S AT WORK AND I'M GIVING PLAY BY PLAY TO HER BY PHONE

WE ALSO FEEL THAT IRAQ NEEDS TO MAKE A SPEACH OR RV BEFORE BUSH'S STATEMENT.

THANK YOU EVERYBODY FOR ALL THE RESEARCH.
CHRIS

Well Chris that seems most logical to first inform your own people!

If they want to announce it they better can they do it today because tommorow there is another ISX session and I am gonna buy me some cheapy stocks more!!

Originally Posted by boomcreek

I agree 100%, however, the idea of it merely being 1:1 seems to be an under estimate to me. If they want the Dinar to be the currency of choice, why wouldn't they simply use USD too. "Choice" would imply a greater value than a 1:1 exchange rate, although I would accept that, I suspect, if they are sincere about their desire for their currency, the value would be greater.

I totally agree with you. Anything less than 1:1 would be an insult to the Iraqis and would not do much to stabilize the country.....1:1 is still very undervalued but it probably would at least show the Iraqi's that the government is serious about putting the country on economic rebound and show true desire to succeed. The higher the better for everyone involved.

Originally Posted by adm

Posted by: nakr2004 on Tuesday, January 09, 2007 - 02:54 PM

Parliament-Budget
Minister urges transparency in 2007 budget
Baghdad, Jan 9, (VOI) – The Iraqi Finance Minister Baqer Jabr Sulagh urged parliament on Tuesday to stick to transparency in carrying out the budget plan for 2007.

"There is a paragraph about investment in this year's budget which provides for having the Iraqi dinar as the main currency in the 2007 budget," Sulagh said.


Iraq's budget this year hits 41 billion dollars, with an increase of 11 billion dollars compared to last year's budget.
Sulagh indicated that drawing up the monetary policies is the responsibility of the Iraqi Central Bank, adding it was the first time the central bank opts for a clear economic policy for investment in the country.
The Iraqi parliament resumed its ordinary sessions in its second legislative session after the quorum was observed. The session was dedicated to the first reading of a draft law on the 2007 budget.
The parliament's session were postponed more than once last month due to the incomplete quorum, half the number of members – totaling 275 – plus one. The postponement was also due to the Eid al-Adha holiday and many members' traveling to Saudi Arabia to perform the hajj.
AE

Can't get enough of that!