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

The Oil Minister Hussein Alchehrestani a decision to increase the price of petrol from today 7-1 / 2006
as follows:


Gasoline 175 dinars

Petrol plus 260 dinars

Petrol excellent 360 dinars

http://translate.google.com/translat...language_tools

What was the price before this? I would like to know how much it was raised.

Originally Posted by eric69

What was the price before this? I would like to know how much it was raised.

Interesting,

As I recall the subsidies have been slowly removed, so it is not an increase in fuel prices so much as a decrease in the subsidies about 40% so far. Wish we could purchase gas in states for only 175 dinars. LOL

Good luck to all, MIke

Originally Posted by eric69

What was the price before this? I would like to know how much it was raised.

eric69, This is not new down below. got it here: http://www.iraqiwiki.com/wiki/index....pping_argument It is a good link. It might so error but click the link in the error. ph brought this one to us. I like it.


Prices of goods in Iraq
From IraqiWiki
[edit]How much does stuff cost in Iraq?



Product IQD/NID USD
Root Beer (case) 25,000 16.98
Chicken (kilo) 7,000 4.76
Lamb (kilo) 7,078-7,500 4.80-5.09
Whole Lamb 147,210 100
Beef (kilo) 7,000 4.76
Hamburger 1,500 1.02
21" TV 200,000 135.86
Shirt 5,000 3.40
Blue Jeans 20,000 14.00
Can of Pepsi 500-1000 0.34-0.68
Bar of soap 1472 1.00
tooth brush & tooth paste 1,472 1.00
Pants 14,720 - 29,480 10.00-20.00
Liter of Gasoline (subsidized)* 29.49-50 0.02-0.03
Child's Shoes 10000 5.00
1 kg rice 295 .20
2lbs bananas 1500 .75
1 kg tomatoes 1,032 .70
1 kg bread 1,327 .90
pita bread with meat and salad 1,250 .63




black market gasoline is 0.07/liter
Note: 1 kilo = 2.205 lbs. 1 liter = 0.264 gal.


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8-28-5 If I can, fuel is just about 3 cnts a gallon. For the most part housing is free right now, a vacant or empty building is found and people just move in. Land is the same way in many areas. If you find a place you like, just start building on it, if the owner (if there is an owner) doesnt like it he will kick you off or sale it to you. You van buy a terrific meal at restaurants in town for around 3 dollars US. All in all it is very cheap. Yesterday, I baught 3 bottlrs of Crown Royal for 70 dollars. Any way, I hope you can use some of this. Cheers


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Feb. 2005 Report from US soldier in Iraq: It takes 1460 dinar to make a Dollar and the average government salary for a guy is making about 200 dollars a month. I am not sure the cost of a loaf of bread since they bake their own bread but believe it is about 2600 dinars and fuel is about 1000 dinar a gallon. I am not sure on rent but it is about $200 – 300 a month for some places in Baghdad.

They rely on a monthly government ration of oil , flour, rice, sugar, tea and other staples to keep from going hungry. The government has established a “food Basket” ration card for all Iraqi residents that entitles them to rations from the Iraq’s Trade Ministry and also food from other humanitarian organizations and the ration program from the Iraq’s crude-oil sales.

thanks rol buddys

``The inflation problem now will have to be watched,'' Iraqi Central Bank Governor Sinan al-Shabibi said in an interview today. ``We have to have monetary policy that remedies all these things in terms of interest-rate levels.''


http://www.bloomberg.com/apps/news?p...4&refer=canada

Parts of the text...

The consolidation of the national currency and ensuring exchange rate stability, in spite of the difficulties faced by the country. It also possible to control inflation to some extent. As for the GDP has witnessed undoubtedly developed "significant" because of the relative increase in oil production and the volume of oil exports and higher oil prices in the world market is accelerating, which also led to "an increase in the cash reserve of foreign currencies by approximately $ 9 billion or more. These successes on the macro-economic level parallel absence of the requisite progress in the area of structural reforms, which had faltered because of security constraints.

http://translate.google.com/translat...language_tools

Hmmm do you want see a solid proof then Iraq
discuss about the foreign investment Law,check
this out on the official gov. webside of iraq.

Mr. Prime Minister that the third axis in the meeting focused on the investment and siege of the development aspirations of the Iraqi economic situation by opening the Iraqi market to national and foreign investments. He pointed out that the law has been prepared by the Economic Commission for the law to take into account evolving every national privacy and the public interest articles derived from investment laws in force in the neighbouring States.


http://64.233.179.104/translate_c?hl...language_tools

Well, I guess they didn't do a internal peg today. I still hope it will peg internationally by the end of July.

Within the Baghdad Security Plan, named “Forward Together”, the security forces of the Iraqi Army achieved the following results:

1-Two roadside bombs were found in Khudr area.

2- 32 terrorists were arrested and three raids were carried out within the Mosul sector.

3- 7 terrorists were captured, 138 check points were installed and 146 patrols were conducted within the Baghdad sector.

4- 8 terrorists were arrested, 6 patrols were conducted, an ambush was prepared, three raids and search campaign was carried out within the sector 9 in Taji.

5- Three terrorists were arrested, one of which is Syrian, 27 patrols were conducted, 7 missions were carried out, 8 checkpoints and three ambushes were installed within the Ramadi sector.

http://www.iraqigovernment.org/index_en_new1.htm