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

Kurdistan Peshmerga Ministry clarifies reported plan for peshmerga forces in Baghdad

1/10/2007 KurdishMedia.com
New York (KurdishMedia.com) 10 January 2006: Following widespread concern over reports of Kurdish peshmerga forces being used to increase to keep the security in Baghdad, Sheikh Ja’far Sheikh Mustafa of the Kurdistan Regional Government’s Ministry of Peshmerge has stated that peshmerge forces will not be taking part in Baghdad security operations, according to the Iraqi Arabic language daily al-Mada. He stated that three Iraqi Army brigades from Suleimani, Hewler, and Dohuk who are erroneously being labeled as peshmerga by the media are soldiers reporting to the Ministry of Defense of the Iraqi central government, as opposed to reporting to the Kurdistan Ministry of Peshmerga.

Mustafa’s deputy, Jabar Yawar, echoed the words of his boss to the local Kurdish weekly Hawlati. However, Yawar could not agree with his boss on the number of brigades that would be sent to Baghdad. Unlike his boss, Yawar states that the number of brigades would be four, and not three.

Kurdish people in Kurdistan and abroad remain skeptical of the KRG’s intention, particularly because the President of Kurdistan, who is the commander of Kurdish armed forces, has refrained from commenting on this issue, which is very important to the people of Kurdistan.

Kurdistan Peshmerga Ministry clarifies reported plan for peshmerga forces in Baghdad

Originally Posted by moneyhunter

I bought some dinars on Friday from chase at the rate of .00088650...Went to the bank just a while ago and the rate is now .00086380....... Why the decrease????????

Hunter

Was going to report this, then ask the same thing. Anyone.

The link has an interesting spreadsheet and graph. Just thought some might enjoy.

International Reconstruction Fund Facility for Iraq publishes Iraq Economic Data Sheet

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10 January 2007 (PortAl Iraq)
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The International Reconstruction Fund Facility for Iraq has published its latest Iraq Economic Data Sheet.

The sheet was prepared and funded by the World Bank's administrative budget.

The December 2006 report includes information on human development, exchange rates, millennium goals and indicators, income levels, oil production, interest rates and other areas.

International Reconstruction Fund Facility for Iraq publishes Iraq Economic Data Sheet | Iraq Updates

Originally Posted by neno

Was going to report this, then ask the same thing. Anyone.

The USD has been strengthening over the past few since friday, that would explain why there's a drop in the USD/dinar rate. The USD can buy more dinar than before, therefore a dinar is weaker.

Please excuse if already posted.

New law brings fresh investment hopes
By Robert Ditcham, Staff Reporter

Dubai: Iraq is banking on a new law to pull in the foreign capital needed to rebuild its shattered economy, conference delegates were told.

According to leading Iraqi financial experts and provincial leaders, the recently-approved Investment Law will help establish the legal and regulatory framework needed to develop a business-friendly environment and attract much-needed private sector investment.

"Iraq is in dire need of investment, but for that to happen it must create the right regulatory environment," said Kamil Gailani, former Iraqi finance minister and current vice chairman of the National Bank of Iraq.

"Clarifying the investment situation for investors will help pave the way toward renewing the infrastructure of the Iraqi economy and providing capital for reconstruction and development."

Gailani pointed to several privileges and guarantees afforded to investors under the new law, including non-confiscation or nationalisation of any investment project, tax exemption and extension of the lease needed for a project from 40 to 50 years.

He said the law will go some way towards simplifying a complex maze of laws, regulations and administrative procedures which govern foreign direct investment.

UAE companies in particular are being urged to invest into Iraq, helping the country steer away from its dependence on revenues from crude oil and to ease the burden of responsibility from the shoulders of national government. Sectors offering robust returns include the energy sector, agriculture, construction materials and housing, say officials.

However, the Investment Law does not cover the crucial oil and gas sector, which contributes to 93-95 per cent of the Iraqi federal budget. Iraqi officials are currently drawing up a separate Hydrocarbon Law.
Maamoon Rashid, governor of the Al Anbar province in western Iraq, said the private sector holds the key to easing Iraq's economic crisis.

"The Al Anbar province has cement factories, glass factories, ceramics makers, stone breakers and phosphate manufacturers. But the economy was severely neglected under the previous regime," he said.

"We are in dire need of foreign investment to help restore the province's traditional economic role."

INSIGHT
Investment Law: the facts

The Investment Law offers the following privileges to investors:
Taking out capital brought into Iraq with its revenues in hard currency.
Leasing land needed for the project for a maximum 50 years, which can be renewed.
Insuring the investment project at any national or foreign insurance company.
Opening accounts in Iraqi Dinar or foreign currency (or both) at Iraqi or foreign banks.
Obtaining residency and easing entry and exit from Iraq.
Non-confiscation or nationalisation of the investment project.
Right for non-Iraqi workers to transfer their salaries outside Iraq.

dubya just said Iraq is going to spend 10 BILLION DOLLARS of it's own money on their new program

dubya just said Iraq is going to spend 10 BILLION DOLLARS of it's own money on their new program he also mentioned the ICI

just logged on and my norton gave me info of a high risk worm attempt

just some FYI

http://64.233.179.104/translate_c?hl=en&ie=UTF-8&oe=UTF-8&langpair=ar%7Cen&u=http://www.sotaliraq.com/iraq-news.php%3Fid%3D42604&prev=/language_tools

Sotaliraq.com

Sotaliraq.com

Sotaliraq.com

Sotaliraq.com

Sotaliraq.com

[SIZE="5"]HEY I MADE IT IN
I HOPE IT WORKS, THIS IS GETTING AGGRAVATING
I WISH THEY'D LEAVE OUR FORUM ALONE

PRESIDENT BUSH'S WORDS
We endorse the Iraqi government's call to finalize an International Compact that will bring new economic assistance in exchange for greater economic reformSIZE]