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

Originally Posted by CharmedPiper

Event : Economic economy in the new year

(Voice of Iraq) - 10-01-2007
This issue was sent to a friend

Abdel Aziz Hassun

Since the beginning of the last quarter of 2006 the government announced that the general budget for the coming year will include substantial appropriations able to direct reconstruction in earnest and used one of the press statements term (development explosive), and included statements warning and the threat to the provinces which will not implement its projects by depriving it of the funds allocated to the budget.

The various government institutions in the forefront of the financial procedures preliminary powerful are taken only in normal conditions can be no economy can absorb any shock incurred, and the picture is more evident when dealing with figures and statements allocations in the coming budget.

As officials in the various authorities did not comment correctness or exile to those of the media, the supervisor must take these statements and statements as a final and reflect the official level, which is needed to know Maeder in the minds of the observations.
And that we had to follow the sequence : -

- The first is the numbers in the budget, which was mentioned by the Minister of Finance that it would amount
(41) billion dollars and assessed in the dinar exchange rate and the target is the (1260) dinars to the dollar, which means that both sides of the total budget, the Iraqi dinar will 51.260.000.000.000 Iraqi dinars.
- Also included statements that the budget will be established on the basis of the exchange rate mentioned in the previous paragraph and funding source of oil, which is priced virtual b (50) gross production rate of 1.7 million barrels daily.

- The procedures to reduce or modify the exchange rate of the dollar / dinar, which followed the method, timing has not been successful, at least in the high landing rates, and announcing in advance that it would be 13% end of the first quarter of next year, is Sievers side-effects may be more severe than those suffered by the market in 1996.
- Perhaps an amendment to the dollar exchange rate / dinars useful in determining spending in the next budget, as has been said, but this adjustment in the exchange rate did not come as a result of economic recovery and address the gaps suffered by the Iraqi economy, but came through the auction, the official, without the factors of the market economy, where any income.

Since direct-Central Bank selling the dollar late 2003, the views strongly opposes such a way as that it interferes with the functions of the bank, which it wants to put the marketing of foreign currencies through the banking system.

And perhaps this particular point lead to the emergence of a sharp contrast between the official procedures, and functions of the various authorities, and between the free-market mechanism declared adopted in the Iraqi economy, the new, as well as an obligation of the monetary authority as they accepted that the power to determine the exchange rate for three years, that they and the government the task of compensating the damage caused to its procedures to reduce the price on those who are pushing adoption of this method to the formation of their savings currency of the dollar to maintain the standard of living fair.

And that is no secret to anybody that officials and economic plans, whether for reform or for the development but can be influential foundations and implement a package of measures under the integrated and coordinated carefully among all those who deal with the task.
The waiting and observers say it is not limited to the budget figures, but hoped to be accompanied by data on the operational programs and what has been prepared for them directly.

And finally, what has been the market and its mechanisms of pressure in the last period requires watering immediately so as to enable the private sector to encourage direct role in the implementation of the government expenditure and the exclusion of foreign companies whenever possible, which will yield some of the figures which will dominate in the next budget items.
Executive Director of the Association of Iraqi banks

Long

It seems like counting down the hours.

Iraq is in charge again!

Originally Posted by neno

Read the rules for this "Thread"!!
All These will be Totally Inforced.

Baghdad Time: 09:45pm, 01/07/2007 ~ market is closed | $1 USD = 1324.00 IQD ^
ISXDATA.com Site. not updated since 10/09/06
CBIraq.org Auction price selling dinar / $1USD - 1320NID's

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Iraq's economic strides

Iraq's economic strides09/01/2007

Did you know that Iraqi real-estate prices have gone up several hundred percent since the fall of Saddam Hussein?

That Iraqi workers' salaries have increased more than 100 percent in that time?
That the number of cars in violence-torn Baghdad has grown by 500 percent in the same period?

That the Iraqi construction, retail and wholesale trade sectors are all growing at a healthy pace?

Chances are that you are astonished by these facts. I certainly was when I read them in an article by Silvia Spring in the end-of-the-year edition of Newsweek International.

The piece is titled "Iraq's Economy is Booming"[and it's a revelation. It goes on to mention that the number of registered businesses has increased from 8,000 to 34,000 in three years; that the number of cell phone subscribers has increased from 1.4 million to 7.1 million; that the stores are stocked with goods, and that consumers are buying them; that taxes have been cut, government revenues are up and that oil revenues and foreign grants are estimated at $41 billion for the year just ended.

Moreover, "Iraq's official economic institutions are making progress," the Kurdish region in the north is booming and with the oil fields in the south increasingly secure, oil production revenues are projected to grow substantially. The Global Insight firm,which tracks international economic activity, estimates Iraq's GDP growth at 17 percent for 2005 and projected 13 percent for 2006. The World Bank's estimate is lower (four percent for 2006), but the fact that there is any economic growth at all in Iraq will come as a shock to most people.

The article does not gloss over the country's many problems-- the raging sectarian violence foremost among them. Unemployment is estimated at a minimum of 30 percent, but even here there is a silver lining as foreign investment from neighboring countries is pouring into Iraq because of cheap labor. The author notes that "there is a vibrancy at the grassroots that is invisible in most international coverage of Iraq."
You can say that again.

It is understandable (if deplorable) that the "mainstream" media (with the honorable exception of Newsweek International) would be unaware of these facts or uninterested in publicizing them.

But what about the Bush administration? Why has the Bush team not put on a full-court press to inform the public about these signs of progress in Iraq?

The American people are, understandably, demoralized by three and a half years of largely negative media coverage of Iraq. Most do not want a pullout from Iraq, however; they want victory.


http://www.iraqdirectory.com/DisplayNews.aspx?id=2910

The application of financial peace of this month the new salary

(Voice of Iraq) - 10-01-2007
This issue was sent to a friend

Radio Tigris : The Ministry of Finance that it would apply the new salary scales this month and that the staff would receive their salaries, according to a new set of the increase to their salaries. A well-informed source said that the ministry was about to tariff mechanism on the implementation of the new peace and a book definitions attached to the report on the new distribution mechanism explaining the rates increases in the salary and grade. He pointed out that this action came after objections from some officials and grades not covered by the planned increase was accounted for between 50 to 75% of the original salary.

Have the Washington victory in Iraq to permanent Geopoulitiki

(Voice of Iraq) - 10-01-2007
This issue was sent to a friend

The Times »« By Amir Taheri :
President Bush today reveals the new strategy on Iraq contains three options : move significantly, any of sending more American troops to the country. Work long there any keep troops in Iraq for as long as possible and then return to the homeland.

It is noticeable that the latter option does not specify a date for its return, which makes it vulnerable to subjective interpretation or self-esteem.
However, it seemed to me clear from my meeting with President Bush in the White House recently that he would not accept the idea of reducing the number of American forces and then escape from Iraq, and this means that the third option »« return to the homeland is unlikely, at least for the moment.

The option will not long survive subject to the will of the President that will be replaced by another person in the White House after two years, therefore, not by choice but Bush now move to a large which is attacked by critics.
In fact, those familiar with the file of Iraq know that the war is about the future now be fought in the United States and to a lesser extent in Britain, and this means that the terrorists do not have the hope of victory in Baghdad, but they continue in the fighting there to convince public opinion in Britain and America that these two lost war, and that the new Iraq does not deserve support.

For fear of a rapid withdrawal of American, the other in the new Iraqi elite research to ensure for themselves in Tehran or to the jihad for the Arab Sunnis.

So, why should Bush do? Of course, that the last thing to think of the President now is the search for consensus of the two parties, Democratic and Republican policy on the one. Many Democrats have worked to take advantage of the failure of the American administration in Iraq.
The truth is that the President needs now is a policy to protect what has been achieved in Iraq without provoking further opposition from the Democrats, and there is room in this policy, all three options Yugoslavia.
Opting to move to a large can be useful if committed America special units with a clear success can be evaluated within a few weeks.
The option follows the introduction, on the period of time by increasing the proportion of American trainers working with Iraqi units.

There is also the option to return to the homeland, which satisfies Democrats, as the majority of American and British soldiers now a position of defense or carrying out routine, and this work can be assigned to the Iraqis, which can London and Washington of the many soldiers to the country in two years.

It can be said that President Bush was still monopolize the political decision on Iraq because the Democrats do not have anything to be submitted only to express their opposition to the war is not likely to develop an alternative vision soon.

But in spite of this, there are some points to be considered by the President :
¼ make sure that your military leaders and believers of ideas and proposals by.

¼ focused on the domestic front, there are many American do not realize that Iraq is just one theater in a global war stretching from Indonesia to Algeria via Afghanistan, Pakistan, Saudi Arabia, Lebanon and the Palestinian territories, that the President has to explain things and rally support for the defeat of jihad and the restructuring of the Middle East with assistance from the forces of reform and moderation.

¼ remind Iraqis that the United States and its allies achieved the promise of stripping power from Sadamiin and then they returned to the people. And that if it has been the use of force to remove impediments to the democratic process, but they could not use this force also for the establishment of democracy, because such action requires an effort by the Iraqis themselves, and from here it is noticeable that some Iraqis, many of whom in the new elite, they expect that the United States everything that the President elimination of this idea, of course.

¼ prosecution »jihad«, it is clear here that the United States lacks a specific strategy to defeat the rebels, has been assumed that the Iraqi security forces to face this challenge when they become ready for it and, therefore, did not implement the American forces in 2006 only 11 offensive operation against jihad against three of the Britons, but an abortion was such operations, in some cases because of political interference, but the United States and its allies under the new strategy shift again to the attack.
¼ sending a warning to both Syria and Iran to stop sending weapons and fighters to Iraq through their territory, and if both refused to respond, then beaten to be safe havens and supply routes used for this purpose.
¼ Note Shiite militia, says some year they consider the rebels to protect them against Shiite death squads. It can be said on this basis that Iraq is witnessing now is not a sectarian war, but a war perpetrated by which means the need to eliminate them, wherever they may be.

¼ be useful to invite friends regional Latin extend a helping hand, and end their boycott, at least for the new Iraq.

¼ focused reaffirm the commitment to the democratic process by urging the Iraqi government to hold provincial elections »« deferred.

That these elections to highlight the real strength of all the parties.
¼ Finally, it is necessary to always remember that America had on the standards of military victory in the war, leaving only now converted into a victory Geopoulitiki lasting peace.

¼ Arabization : Nabil Zelf
Kuwaiti homeland

This article was sent to me by a friend of mine

Iraq's economic strides


Iraq's economic strides
09/01/2007
Source: The Washington Times




Did you know that Iraqi real-estate prices have gone up several hundred percent since the fall of Saddam Hussein?
That Iraqi workers' salaries have increased more than 100 percent in that time?
That the number of cars in violence-torn Baghdad has grown by 500 percent in the same period?
That the Iraqi construction, retail and wholesale trade sectors are all growing at a healthy pace?
Chances are that you are astonished by these facts. I certainly was when I read them in an article by Silvia Spring in the end-of-the-year edition of Newsweek International.
The piece is titled "Iraq's Economy is Booming" and it's a revelation. It goes on to mention that the number of registered businesses has increased from 8,000 to 34,000 in three years; that the number of cell phone subscribers has increased from 1.4 million to 7.1 million; that the stores are stocked with goods, and that consumers are buying them; that taxes have been cut, government revenues are up and that oil revenues and foreign grants are estimated at $41 billion for the year just ended.
Moreover, "Iraq's official economic institutions are making progress," the Kurdish region in the north is booming and with the oil fields in the south increasingly secure, oil production revenues are projected to grow substantially. The Global Insight firm,which tracks international economic activity, estimates Iraq's GDP growth at 17 percent for 2005 and projected 13 percent for 2006. The World Bank's estimate is lower (four percent for 2006), but the fact that there is any economic growth at all in Iraq will come as a shock to most people.
The article does not gloss over the country's many problems-- the raging sectarian violence foremost among them. Unemployment is estimated at a minimum of 30 percent, but even here there is a silver lining as foreign investment from neighboring countries is pouring into Iraq because of cheap labor. The author notes that "there is a vibrancy at the grassroots that is invisible in most international coverage of Iraq."
You can say that again.
It is understandable (if deplorable) that the "mainstream" media (with the honorable exception of Newsweek International) would be unaware of these facts or uninterested in publicizing them.
But what about the Bush administration? Why has the Bush team not put on a full-court press to inform the public about these signs of progress in Iraq?
The American people are, understandably, demoralized by three and a half years of largely negative media coverage of Iraq. Most do not want a pullout from Iraq, however; they want victory.
But a daily digest of media coverage focused on American casualties and sectarian carnage in Baghdad is gradually leading the public to conclude that there is no hope of success in Iraq. The economic news coming out of Iraq does give real cause for hope, however.
It is a matter of the greatest urgency that President Bush -- and his administration -- inform the American people about Iraq's economic strides. The president's upcoming policy address on Iraq is the logical place to begin.

WASHINGTON (Jan. 9) - A first wave of additional U.S. troops will go into Iraq before the end of the month under President Bush's new war plan, a senior defense official said Tuesday. Congressional Democrats kept up their criticism of plans to add soldiers in the unpopular conflict.

Up to 20,000 troops will be put on alert and be prepared to deploy under the president's plan, but the increase in forces on the ground will be gradual, said the official, who requested anonymity because the plans have not yet been announced.

Details were emerging a day before Bush was to address the nation on his broad initiative to shore up the fragile country after nearly four years of bloodshed. Bush is expected to link the troop increase to moves by the Iraqi government to ease the country's murderous sectarian tensions, and to increased U.S. economic aid.

Moving first into Iraq would be the 2nd Brigade, 82nd Airborne Division, which is in Kuwait and poised to move quickly into the country, the defense official said.

Carl Levin, a Michigan Democrat who chairs the Senate Armed Services Committee, said he expects Bush to announce that up to 20,000 additional troops will be sent to Iraq but not to say how long the extra forces will be there.

Levin, who spoke to reporters a day after meeting with White House national security adviser Stephen Hadley, said he believes Bush will signal that the overall U.S. commitment in Iraq is not open-ended.

Bush is expected to link the troop increase to promised moves by the Iraqi government such as curbing Shiite militias that have terrorized the Sunni minority, enacting a plan to distribute oil revenue to the country's sects and easing government restrictions on members of former Iraqi leader Saddam Hussein's Baath Party.

The added U.S. troops are also expected to be linked to a requirement that the Baghdad government commit more money toward reconstruction and send more of its own troops into the fight, Sen. John Cornyn, R-Texas, said Tuesday. Cornyn, a Bush loyalist who recently met with the president to discuss Iraq, said he believes these conditions were suggested by the Iraqi government.

There are currently about 132,000 U.S. troops in Iraq. Much of the increase would come from speeding up the timetable for sending some forces already scheduled to go to the country, and keeping others there who were about to leave, the defense official said.

The extra forces would be sent to Baghdad, which has been consumed by sectarian violence, and the western Anbar Province, a base of the mostly Sunni insurgency and foreign al-Qaida fighters, Sen. Kay Bailey Hutchison, R-Texas, and others said following a White House session with Bush.

A day before Bush's nationally televised speech, Sen. Edward Kennedy, a longtime critic, proposed legislation that would deny the president the billions needed to send more troops unless Congress agreed first. Though it was unclear whether the bill would ever reach the full Senate, it could serve as a rallying point for the most insistent foes of the Iraq conflict.

White House press secretary Tony Snow said the president was still listening to ideas from lawmakers.

"What I'm saying is the president still continues to have an open mind because this is a way forward. This is not, 'Wave a wand and it's going to happen,'" Snow said.

He conceded that Bush has a challenge in persuading a war-weary public.

"The president will not shape policy according to public opinion, but he does understand that it's important to bring the public back to this war, and restore public confidence and support for the mission," Snow said.

In the House, Rep. Marty Meehan, D-Mass., introduced a resolution urging the president not to send additional troops. The resolution also asks that the president seek Congress's permission if he wants to raise levels beyond 132,000.

Senate Democrats were planning to bring to the floor next week a nonbinding measure that would urge the president not to send more troops. The resolution, which Democrats said they hoped would win support from some Republicans, would not force the president's hand on Iraq or try to cut money for troops, they said.

Sen. Harry Reid said he did not believe Democrats would need to do more to twist the president's arm.

"I really believe that if we can come up with a bipartisan approach to this escalation it will do more to change the direction in Iraq than anything else we can do," Reid, D-Nev., told reporters.


1/9/2007 17:01:58

January 10, 2007

1 US Dollar (USD) = 1,258.79 Iraqi Dinar (IQD)

This means:
You buy 1 Iraqi Dinar : 0.0007944 US Dollar
You sell 1 Iraqi Dinar : 0.0007238 US Dollar
You buy 1 US Dollar : 1,258.79 Iraqi Dinar
You sell 1 US Dollar : 1,381.63 Iraqi Dinar

Tuesday, January 9, 2007

1 US Dollar (USD) = 1,262.60 Iraqi Dinar (IQD)

Getting better all the time

Sotaliraq.com

The main points expected in the new Bush plan for Iraq

(Voice of Iraq) - 10-01-2007
This issue was sent to a friend

A Washington. P. B : It is expected that the Bush plan includes controversial following points :> strengthen forces :
Bush is expected to convene to send reinforcements numbers approximately twenty thousand soldiers to Iraq in order to enhance security, especially in Baghdad, which is witnessing acts of violence and to address the fierce sectarian violence and the establishment of stability in the country, which would allow for the subsequent withdrawal of American forces. And would such a decision contrary to the opinion of the democratic opposition and public opinion, the American general who is opposed to the American commitment in Iraq.
> Targets of the Iraqi government :

According to the New York Times newspaper «», Bush had determined the Iraqi government a series of goals calls for greater involvement of the year in the political process and to establish procedures for the distribution of oil revenues, according to the much-delayed, and the softening of government policy toward former Baathists.

> Economic assistance :

The «» New York Times that Bush will be announced to offer one billion dollars of economic aid to the Iraqi government, used to create jobs for Iraqis and ensure security in dangerous areas through greater cooperation between American and Iraqi forces.

> Diplomatic process in the Middle East :

It is expected that Bush pledged to move the peace negotiations between Israelis and Palestinians, following strong pressure exercised by the Europeans and moderate Arab states in this direction.

In contrast, Bush said clearly that it does not intend to engage in a direct dialogue with any of Iran and Syria as recommended by the group studies on Iraq, in its end of 2003.

> New appointments and transfers :

Bush laid the foundations of this new strategy through a series of transfers and new appointments in the military command of the American forces in Iraq and national security team at the White House.

Opened the American President such appointments at the end of last year and the resignation of former Defense Minister Donald Rumsfeld, who has done in Iraq is subject to much debate, and the appointment of Robert Gates misplaced.

Bush announced last week that General David Petreos will replace General George Phen leader of the American troops in Iraq.

Also retiring John Abizaid commander of the American Central Command and will be replaced by Admiral William Falun. In the same context, the President of the National Intelligence, John Negroponte, the American expert on the affairs of Iraq, when he was appointed the first ambassador to post-war Vice-Minister of Foreign Affairs, to be replaced by a former officer in the Intelligence great Michael Locher.

Originally Posted by Par77

WASHINGTON (Jan. 9) - A first wave of additional U.S. troops will go into Iraq before the end of the month under President Bush's new war plan, a senior defense official said Tuesday. Congressional Democrats kept up their criticism of plans to add soldiers in the unpopular conflict.

Up to 20,000 troops will be put on alert and be prepared to deploy under the president's plan, but the increase in forces on the ground will be gradual, said the official, who requested anonymity because the plans have not yet been announced.

Details were emerging a day before Bush was to address the nation on his broad initiative to shore up the fragile country after nearly four years of bloodshed. Bush is expected to link the troop increase to moves by the Iraqi government to ease the country's murderous sectarian tensions, and to increased U.S. economic aid.
Moving first into Iraq would be the 2nd Brigade, 82nd Airborne Division, which is in Kuwait and poised to move quickly into the country, the defense official said.

Carl Levin, a Michigan Democrat who chairs the Senate Armed Services Committee, said he expects Bush to announce that up to 20,000 additional troops will be sent to Iraq but not to say how long the extra forces will be there.

Levin, who spoke to reporters a day after meeting with White House national security adviser Stephen Hadley, said he believes Bush will signal that the overall U.S. commitment in Iraq is not open-ended.

Bush is expected to link the troop increase to promised moves by the Iraqi government such as curbing Shiite militias that have terrorized the Sunni minority, enacting a plan to distribute oil revenue to the country's sects and easing government restrictions on members of former Iraqi leader Saddam Hussein's Baath Party.
The added U.S. troops are also expected to be linked to a requirement that the Baghdad government commit more money toward reconstruction and send more of its own troops into the fight, Sen. John Cornyn, R-Texas, said Tuesday. Cornyn, a Bush loyalist who recently met with the president to discuss Iraq, said he believes these conditions were suggested by the Iraqi government.

There are currently about 132,000 U.S. troops in Iraq. Much of the increase would come from speeding up the timetable for sending some forces already scheduled to go to the country, and keeping others there who were about to leave, the defense official said.

The extra forces would be sent to Baghdad, which has been consumed by sectarian violence, and the western Anbar Province, a base of the mostly Sunni insurgency and foreign al-Qaida fighters, Sen. Kay Bailey Hutchison, R-Texas, and others said following a White House session with Bush.

A day before Bush's nationally televised speech, Sen. Edward Kennedy, a longtime critic, proposed legislation that would deny the president the billions needed to send more troops unless Congress agreed first. Though it was unclear whether the bill would ever reach the full Senate, it could serve as a rallying point for the most insistent foes of the Iraq conflict.

White House press secretary Tony Snow said the president was still listening to ideas from lawmakers.

"What I'm saying is the president still continues to have an open mind because this is a way forward. This is not, 'Wave a wand and it's going to happen,'" Snow said.

He conceded that Bush has a challenge in persuading a war-weary public.

"The president will not shape policy according to public opinion, but he does understand that it's important to bring the public back to this war, and restore public confidence and support for the mission," Snow said.

In the House, Rep. Marty Meehan, D-Mass., introduced a resolution urging the president not to send additional troops. The resolution also asks that the president seek Congress's permission if he wants to raise levels beyond 132,000.

Senate Democrats were planning to bring to the floor next week a nonbinding measure that would urge the president not to send more troops. The resolution, which Democrats said they hoped would win support from some Republicans, would not force the president's hand on Iraq or try to cut money for troops, they said.

Sen. Harry Reid said he did not believe Democrats would need to do more to twist the president's arm.

"I really believe that if we can come up with a bipartisan approach to this escalation it will do more to change the direction in Iraq than anything else we can do," Reid, D-Nev., told reporters.


1/9/2007 17:01:58

THIS IS IT BABY FAAAARMMM JIGGGGGY WITH IT