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

Originally Posted by kiko

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.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=35318


For everyone that missed it today, found by SGS!!

What a news today, bring it on Shabibi!!!

So they are saying that they could not determine the IQD rate. Until the budget was finalized, well thats done now! Also we have been thinking, oh they have to increase the exchange. In the = to the 1 USD range. Cause their budget is 41 billion USD. However last years budget was 30 + billion USD. However though, the main difference between last year and this year. Is that they have instructed the Government to do purchases in IQD. Any thoughts, are we getting warm?

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.

Hey Piper, according to an article I posted last night (below), the upside in troops was requested by Maliki.

Bush plan for more troops originated with Maliki(Reuters)

9 January 2007

WASHINGTON - President George W. Bush’s new plan for Iraq had its genesis in proposal from Iraqi Prime Minister Nuri Al Maliki, who pledged more Iraqi efforts to bolster security if the United States would send more troops, a Republican senator said on Monday.
Sen. Gordon Smith, who in December criticized the war in a Senate floor speech, said Bush indicated in a Monday meeting with a group of Republican senators and top administration officials that he was preparing to send roughly 20,000 more US troops to Iraq.
“It was clear to me that a decision has been made for a surge of, I suppose, 20,000 additional troops,” Smith of Oregon told reporters in a telephone conference call after the White House meeting.
The Iraqi commitments from Maliki included providing more military divisions, promising to use certain tactics without regard to religious sects, and a promise not to shield Shi’ite cleric Moqtada Al Sadr, Smith said.
Sadr’s Mehdi Army is blamed by Washington and Sunni Arabs for operating death squads.
The 20,000 was not a definite number for the planned boost in US troops, Smith said. “He (Bush) did not affirm that would be the number but he, as I recall, said roughly an additional amount of that number,” Smith said.
Bush is expected to announce his plan for Iraq in an address on Wednesday evening.
“He (Bush) went at great length to say how impressed he was that Prime Minister Maliki would come to them with a plan as to what was needed to restore the political processes of Iraq,” Smith said. Bush thought that “because this was their (the Iraqis’) proposal, they would come through,” Smith said.
Smith, a former supporter of the war, late last year joined war critics in the Republican party, denouncing US policy in Iraq as “absurd” and “criminal.”
Smith said he did not yet have enough information to decide whether to support Bush’s new plan, but added: “I wish I had more faith in Maliki than I do.”
“The president has that faith and it frankly remains to be seen whether their part of the bargain will be met,” he said.
As for the other senators at Monday’s meeting, Smith said, their reactions ranged from “whole hearted-support” to ”skepticism.” His office said there were about a dozen senators present.
Smith said Secretary of State Condoleezza Rice, Defense Secretary Robert Gates, National Security Adviser Stephen Hadley, and White House Chief of Staff Josh Bolten also attended the meeting.

Originally Posted by goldraker

So they are saying that they could not determine the IQD rate. Until the budget was finalized, well thats done now! Also we have been thinking, oh they have to increase the exchange. In the = to the 1 USD range. Cause their budget is 41 billion USD. However last years budget was 30 + billion USD. However though, the main difference between last year and this year. Is that they have instructed the Government to do purchases in IQD. Any thoughts, are we getting warm?

Biggest thing is that they are now using the the Dinar as main currency.

They want their National Pride back and with that that is not a program rate.

Markets are opening and everything will be done in dinars. I think you need a strong currency for that!

I think we are very close!

CBI has withdrawn money from market, dealers/banks are drying up, the only way is UP UP UP and quickly!

POL-FRANCE-IRAQ-ASSETS
France anxious to unblock frozen Iraqi assets

PARIS, Jan 9 (KUNA) -- France is currently seeking to advance on the issue of unblocking sizeable Iraqis assets frozen here after the Iraqi invasion of Kuwait in 1990 and which are now being requested by the Baghdad government, official sources said Tuesday.

The French government, upon a request by the Iraqi Embassy in Paris, is "studying this with the greatest attention," Foreign Ministry spokesman Jean-Baptiste Mattei said at a briefing.

A number of tangible and intangible assets, including bank accounts, properties and luxury villas, were seized by France in 1990 in line with UN Resolutions voted after the unprovoked attack and occupation of Kuwait.

Among these assets is a luxurious villa near the coastal resort town of Cannes in the fashionable Cote dAzur area.

Mattei said that as the property issue was a complicated one under French law, the government was seeking "advice and juridical guarantees" but had "a will to advance" on the asset question.

He said that "different assets were concerned" by the procedure which has been undertaken and the aim was to "unfreeze and restore them to the Iraqi government".

No value was put on the overall amount of assets frozen and the Foreign Ministry official said he did not have a detailed list of what was involved. (end) jk.

ajs


KUNA 091842 Jan 07NNNN


Translated version of http://www.kuna.net.kw/home/default.aspx?Language=ar

Originally Posted by goldraker

So they are saying that they could not determine the IQD rate. Until the budget was finalized, well thats done now! Also we have been thinking, oh they have to increase the exchange. In the = to the 1 USD range. Cause their budget is 41 billion USD. However last years budget was 30 + billion USD. However though, the main difference between last year and this year. Is that they have instructed the Government to do purchases in IQD. Any thoughts, are we getting warm?

I don't know about you but I am getting that warm and fuzzy feeling like........everything is going to come out at once and from the sounds of it, it could be anytime...especially if they want the message made before Bush speaks tomorrow night.

Something seems to be different on the Warka Online Banking page. It takes you to https://www.warkaonline.com although the page wont come up.

Originally Posted by Dinar Duchess

Something seems to be different on the Warka Online Banking page. It takes you to https://www.warkaonline.com although the page wont come up.

The page won't load for me either.....

The exhibition Kuwait begin marketing exhibition reconstruction of Iraq II

كوناKUNA
Kuwait International Fair Company on Monday that it began marketing of the second Iraq reconstruction exhibition scheduled in November next. The head of the opposition in the company of al-Shatti in a press statement that the success of the first exhibition, which was held three years ago encouraged the company to establish a second exhibition. He added that al-Shatti, the economic climate is still living success first exhibition, which attracted the participation of over 1100 when the company, a commercial specialist and an official investigators in record numbers for the company. The second exhibition will be open to receive those who wish to participate from all corners of the world where the displays include everything that would contribute to the reconstruction operations in Iraq, which is still in its early stages. He pointed out that observers say that Kuwait is the most appropriate to host the exhibition because of geographical proximity as to facilitate the arrival of visitors from Iraq, in addition to the fact that "Kuwait is the closest to the Iraqis. He stressed that the company Chatty will use all its resources in order to provide all elements of success for the reconstruction of Iraq exhibition benefiting from the experience of the previous exhibition
جريدة المواطن العراقية

Originally Posted by CharmedPiper

The page won't load for me either.....

It reads UNDER CONSTRUCTION on my end...

Systems Company announces its readiness for the implementation of all projects and industrial works

.The company announced the systems ready for the implementation of all projects and actions required by the industrial giant engineering and technical institutions and construction in Iraq. The source said that the company continued to work cadre is to achieve a qualitative leap in the Iraqi industry and access to advanced global levels through the Iraqi cadre has academic knowledge and practical experience in various fields of advanced technology Kalhaspat and control and communications systems. The source added that the company is currently executing a large number of projects throughout the country in different fields and sectors such as electricity, oil and gas, communications, as well as the rehabilitation of several labs factor cement, fertilizers, and others
جريدة المواطن العراقية