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

Originally Posted by choochie

Hey Pat, does it look like this?

I ABSOLUTELY LOVE-LOVE-LOVE IT in here!

You all have made this waiting period so much FUN!!!

What is WRONG with my DAMN DANCING BANANA?!?!?!

Originally Posted by pipshurricane

That one i think :)) second part

http://translate.google.com/translat...&hl=en&ie=UTF8
A dialogue-Yasser acting Secretary sanctuary
Minister of Finance (morning)
Under the draft National Reconciliation
Detection and Finance Minister Mr. Jabr Al statement revealed a profile of the direct economic programme lasting government which would be reflected in the 2007 budget. He was the first modern press after Astizarh Ministry of Finance : The budget will be the first quality they will be under a government elected durable.

The features of the new plan include the expansion of the tax base does not increase and the re-evaluation of property and real estate state and the sale of many of them and the Ministry intends to support and assist the citizen to allocate land plots housing is outside the boundaries of municipalities, according to the controls established in coordination with the Ministry of Municipalities.
Asked about how to expand the tax base and increase the non-citizen said : We have a list of businesses not covered by taxes and seek coverage as an example mobile-phone companies which reap billions of dollars annually for a handful of dinars have no value.
Taxes on businesses
He questioned the minister why does not impose taxes on these companies in Iraq at the time amounting to revenues Lebanon from taxes on companies mobile-phone worth $ 3 billion dollars annually, as well as in the case of Egypt, where obtain a value of $ 6 billion annually from taxes mobile-phone global and reiterated questioning why not do the Iraq example of these States?
He added. We have a long list of the companies covered by this tax to obtain funds to support the budget that source only oil sales, pointing out that 97% of the budget of Iraq depends on oil and this does not exist in any world economy, even in countries Gulf oil, the sources of funding for their budgets to multiple manufacturing and Els Naat other taxes.
On a question about the need for Iraq to the new laws and regulations to implement this programme and plan.
Al said : I believe that all of our laws gives us the power to move a window to implement the ambitious plan that have been established for the year 2007.
Q : But reform mechanisms required by the agreement with the International Monetary Fund have negative effects on the social level?
This question, the Minister of Finance said that the International Monetary Fund seeks as far as possible should not be balancing consumers money oil but sought to be Iraqi funds consumed in the investment volume of operating funds so that the consumption of oil funds strained budget and placed a burden on the citizen according to the minister's opinion, but the opinion that the size of the investment funds push Iraq towards development and progress of this vein, the policy of the International Monetary refuses to be budget-consuming, not only have no work investment.
Real support for the network of social protection
He said : I am at a meeting with the IMF noted that the Fund is supporting the fund a network of social protection, which we believe is important to continue to support and, accordingly put in the principles of the policy in 2007 to support and increase real support network of social welfare which are citizens below the poverty line, pointing out that the Ala Lakh document with the International Monetary Fund have enabled us to write off debts.
Support citizen
Al talked about the reform of the banking sector stressing perceptions Advance endure this sector of reluctance and failure in the banking operations, pointing out meeting with managers of banks, urging them to the need to establish a policy of recent banking clear sophisticated able to support citizen who suffers is the other weakness of the efficiency potential of the material.
He said that the future will activate and develop the performance and activity of the banks in the various sectors of commercial, industrial and real estate for a comprehensive study on the development of the Land Bank and supporting the Rafidain Bank in order to enable citizens to carry out projects that require advances because his salary limited to fill needs.
In the question of (morning) When you, Mr. Minister acknowledged the limited salaries of the citizens to see what Al is improving living staff?
The minister stressed that talk about the standard of living is Concerns He can not magically increase the salaries of staff Yakha inflation and a clog budget because any increase in amounts of money caused considerable damage to the budget in 2007.
But that Sathrk prepared to support the volume of investment funds that would help create hundreds of thousands of jobs armies of the unemployed during 2007.
He said : We will support a strong implementation of investment plans Territories, which amounted to 2 billion dollars Snzidha next year and I have heard and holistic satisfaction that some of the governorates where more than 30 projects, I believe that we must create new jobs and I am not with the creation of job opportunities through employment in the State, but through the private sector. The wages of the private sector becomes better than the public sector.
* Hadithk understanding of the context, the trend is towards a free economy, this is the general framework of the government's economic?
- Yes, he is also
And the direction of another, he said : I can solve problems payroll I know that some staff had been in the injustice of the hierarchy because of the different ministries applications such peace. Having outlined articles (morning), with and I will do my utmost to consolidate peace salaries but we need time to be consolidated.
Theme retirees
Asked about the law and retirement worries retirees
Zubaidi said that the law on the retirement of the Transitional National Assembly has already indicated that the Ministry of Finance transition gaps. I think that this subject has been long overdue and we are waiting for the termination of adding the first day began with the Ministry of Finance met with the Directorate General of retirement and asked to expedite the completion of instruction and study in this regard.
The minister pointed out that the IMF has raised some problems about the retirement law Vbacherna re-examine this law in order to overcome some of the gaps that have occurred that caused the injustice of some staff who provide substantial services to Iraq and the Iraqis.
He warned that the continued application of this law would constitute a significant burden on the state budget, explaining that the volume of funds that acted annually under this law more than 2 billion dollars annually, and that would be borne by the state budget if we add them 3 billion dollars to import derivatives of oil and $ 4 billion card ration so as to arrive Almbl G. to over 10 billion dollars, these funds constitute a financial burden as I mentioned, and then there is a pressing need to examine these matters ... This is what we call the IMF and agreed to re-examine the law to ensure the right of retiree pension and to ensure the right of the State alike.

{The following is the section that shows in Arabic at the bottom of the page you’ll have to copy and paste this portion and translate it separately if you wish to double check}

Turning Minister to the foreign debt of Iraq and $ 125 billion, indicating the completion of the write-off 80% of Iraq's debts in respect of Paris Club debts after resolving the issue of Russia, where we negotiate with, and debt relief and to resolve the matter by reducing the amount of 13 billion dollars to 800 million dollars. He explained that the remainder of the debt and the Paris Club of Egypt, China, Turkey, Poland, has been asked Ambassador in Paris negotiation. And debts between the Gulf Minister that he was subject to the Saudi Minister of Finance, Mr. Ibrahim Al Assaf during a visit to the kingdom, and it was agreed to send a high-level experts to study the issue of debt. And the expectation that the Gulf states Al sister Akram will be from the Paris Club to extinguish Iraq's debts in full. Activate insurers He called Al Iraqi press to reactivate its role in creating awareness of insurance companies and the activation of the national insurance all their activities. But the companies have withdrawn from the market due to the lack of coverage of the potential of major incidents in Iraq and recorded a failure to perform? The minister said : we activate the role of life insurance companies, money, cars, fires, accidents, He gave an example of the Minister fires Alcheorgh as traders believers got their money rewarding compensation and have demonstrated their awareness of the importance of some traders insurance. Therefore, we do insurance companies and their role in support of the citizens and the national economy, insurance civilizational phenomenon. Financial support of the draft National Reconciliation Asked (morning) on the role of the Ministry of Finance of the State of the initiative of the Prime Minister Maliki initiative of national reconciliation? Jabr Al statement said the Finance Minister. I'm initiative launched by the chairman of the Council of Ministers brother Maliki my personal belief of the bloodshed of Iraq and wish to re-Iraq united people and their land, and as Minister of Finance will spare no effort to support this initiative, both in the area of compensation approved by initiative victims or any paragraph came Balmb bulletin. 3 zeroes lifting of the Iraqi dinar In the morning, a question that the write-off of debts of Iraq will contribute to enhancing the value of the Iraqi dinar? Mr. Zubaidi said the statement. The value of the Iraqi dinar for monetary policy, such a policy is the responsibility of the Iraqi Central Bank, the Ministry of Finance is responsible for fiscal policy. He added, but suggested that Mr. Governor of the Central Bank Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the lifting of three zeroes. Voadeni Mr. Governor well to hold an expanded meeting next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and Commercial Bank, namely, the proposals to get the value of the Iraqi dinar equivalent of [to] the American dollar, this goal we will strive to achieve, God willing, during the four years Llahkom e due to the new Iraqi dinar healthy stand of the other currencies. Lastly Zubaidi corresponding reference to the International Monetary Fund to support the resolution Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover $ 11 billion dollars to support the value of the Iraqi dinar and the cover is rarely found in the third world. Thereby taking morning two hours from the time the minister and exited the impression that the new plan will live up the economy of Iraq to the level of developed nations if we wrote them success and support by the government and parliament although gaps Retirement Law remained vague and needed to be clarified more and this will deal with in another meeting with Mr. Alos Ware

My take: One, the Iraqi government is saying that Private investment is going to lead the way in creating jobs in Iraq thereby solving [hopefully] the unemployment issue. They have a budget for 2007 that is relying on foreign investment funds therefore foreign investment must happen prior to 2007 in order for Iraq to reap the benefit. So the FI Law must be in the pipeline now [we have seen reports to this effect already]

Also the most important part for our concern says RAISE THE VALUE of the dinar and return to NORMAL meaning they are acknowledging that the current value of the Dinar is artificially low. The lopping theory doesn’t accomplish this. Only lifting three zeros off the exchange rate fits the bill.

According to the article they are meeting next month [July 2006] to discuss the proposal and to get the Dinar to the value equivalent to the USD. It further says that the IMF supports the idea and that the Iraqi dinar has shown remarkable stability for four years [2003-06] and that this stability is rare in the third world.

Conclusion: Revalue on the fast track prior to foreign investment law. This is the year and maybe this coming month. Looks like .68 minimum up to equal value. I almost expect it.

Excellent Pipshurricane, you are indeed an astute student of Iraqi researching. Thanks for another clarifying article to relieve the fears some have about lopping issue.

Good luck to all, Mike

The Iraqi Dinar exchange rate
The value of the Iraqi Dinar has appreciated from lows of approximately 3,000 Dinars per 1 US Dollar to 1,465 Dinar per 1 USD as of June 2005.

Treater this is the link with lots of history and present info:


http://www.iraqiwiki.com/wiki/index.php/Main_Page


Thanks "ph"

Iraq May Take Control of Half its Provinces in 2006, U.S. Says July 7 (Bloomberg) -- Iraqi armed forces may take responsibility for security in half the country's provinces by the end of the year, U.S. Brigadier General Kurt Cichowski said.
Muthana province in the south will be the first of 18 provinces entirely transferred to Iraqi forces, said Cichowski, the U.S.-led coalition's top representative on the Iraqi government committee that decides whether provinces have met the criteria needed for a handover.
``We are in the very last stages'' of arranging the Muthana handover, Cichowski said in a televised briefing from Baghdad. ``I will tell you, it is our hope that approximately half of the provinces by the end of the year will have done this security transfer.''
U.S. President George W. Bush has said that the withdrawal of more than 130,000 U.S. troops in Iraq hinges on the ability of the Middle Eastern nation's security forces to reign in insurgent attacks. Handing over provinces to the Iraqis doesn't necessarily imply a troop pullout, Cichowski said.
``Troop reductions and the transfer of Iraqi security control are mutually exclusive,'' he said. ``While they are related, in the end the security force transfer is the taking over of the policing functions with the province.''
At present, there are about 1,400 British, Australian and Japanese forces in Muthana, the general said. Some of those forces will stay in the province after the handover to help train police and support Iraqi security forces if needed, while others will deploy to other parts of Iraq, he said.
Training the Police
``There will still be the transition teams from the coalition that will lead, coach and mentor the Iraqi police,'' Cichowski said. ``They'll be doing exercises. We'll be also helping and providing some more equipment to the borders -- forts that are along the border between Muthana and Saudi Arabia.''
Iraqi forces have already taken control of portions of provinces. Most of Diyala province, northeast of Baghdad, was handed over to Iraqi control earlier this month.
Cichowski didn't specify which provinces other than Muthana were likely to be handed over. Transfers are decided according to criteria such as the insurgent threat, the development of the local security forces, and the governance structure in place in a province, he said.
A total of 265,000 members of the Iraqi security forces have been trained and equipped, according to the U.S. State Department. The Iraqi military is increasingly conducting its own operations to crack down on insurgents across the country, according to the U.S. military.
Insurgents Killed
The Iraqi army killed or wounded as many as 40 insurgents in Baghdad today, as it conducted operations in the capital as part of Prime Minister Nuri al-Maliki's security plan, the U.S. military said earlier today in an e-mailed statement.
Iraqi forces were conducting a raid in eastern Baghdad when they were attacked by gunfire and rocket-propelled grenades from a nearby rooftop, the military said. The Iraqi army returned fire during a 43-minute gun battle, the U.S. military said. A ``high-level'' insurgent leader was detained in the building from which the fire came, it said.
``The captured individual heads multiple insurgent cells in Baghdad whose main focus is to conduct attacks against Iraqi and coalition forces,'' the U.S. said. ``He and his followers have kidnapped, tortured and murdered Iraqi citizens, and he is also personally responsible for the killing of two Iraqi soldiers.''
Al-Maliki last month implemented a security plan in Baghdad, in which coalition and Iraqi troops and police stepped up patrols and increased checkpoints across the city. The city has been beset by violence between majority Shiites and Sunnis that escalated following the Feb. 22 bombing of the Shiite Muslim Golden Mosque in Samarra.
Night Vision
Nine people were killed and 31 wounded in today's clashes, which took place in Baghdad's Sadr City district, President Jalal Talabani's Patriotic Union of Kurdistan party said on its Web site. The fighting was between Iraqi and U.S. forces and the Mehdi army militia, it said.
U.S. forces stood by ready to help Iraqi forces if needed during the operation, which was conducted in darkness, U.S. Major General William Caldwell told reporters today in a televised briefing in Baghdad.
``All of the Iraqi security forces were operating with night-vision devices and lasers on each of their weapons systems,'' Caldwell said. ``It was in fact a very dark area; an aircraft flew overhead lighting it up with infrared light.''
Caldwell showed footage of Iraqi soldiers on foot and in vehicles moving down a street, with gunfire and grenade blasts heard in the background.
``The whole operation was conducted in a very surgical manner; no fire was required in any of the homes, and only when fired upon did the Iraqi security forces fire back.''
Haditha Probe
The U.S. military in Iraq has faced increasing global criticism amid a series of investigations into alleged abuses committed by American troops.
Lieutenant-General Peter Chiarelli, the commander of the multinational corps in Iraq, has completed a review of an investigation into the alleged killing in November of 24 Iraqi civilians by the U.S. military in Haditha, west of Baghdad, the military said today in an e-mailed statement. Chiarelli has forwarded his recommendations to the overall commander of the Multinational forces in Iraq, General George Casey, the military said, without elaborating.

To contact the reporters on this story:Alex Morales in London at [email protected];

Originally Posted by neno

The Iraqi Dinar exchange rate
The value of the Iraqi Dinar has appreciated from lows of approximately 3,000 Dinars per 1 US Dollar to 1,465 Dinar per 1 USD as of June 2005.

Treater this is the link with lots of history and present info:


http://www.iraqiwiki.com/wiki/index.php/Main_Page



Thanks "ph"

no problem we are here to help each other
and one day we will meet all together
And this day will be very soon :))))

Try the link here if the link don't work with neno post

http://www.iraqiwiki.com/wiki/index....pping_argument

I can't wait till Tuesday If everthing goes right i will buy another million dinar. Then Let it peg! let it Peg! when the party starts I'll Buy the first Keg! LOL.

Hey Mike, have you heard that Iraq is getting close to the end of their contracts with the IMF and if they don't fulfill their obligations to the Paris club and IMF they will lose their debt reduction as well as the standby agreement? This is why they will reval soon according to this guy on another forum. Actually he said SOON!!! LOL

Hey guys, go to the link below and read it. It shows the letter of intent with the IMF and gives details on what was planned during 2004 and 2005. Look and see all the stuff that came true as they predicted.

http://www.imf.org/External/NP/LOI/2...q/01/index.htm


Also you'll see that inflation was low in 2004 and expected to rise in 2005 to 15% because subsudies would be fased out. That should pretty much knock out lop theories. They are causing the inflation and a reval would correct it.

Originally Posted by cigarman

Hey guys, go to the link below and read it. It shows the letter of intent with the IMF and gives details on what was planned during 2004 and 2005. Look and see all the stuff that came true as they predicted.

http://www.imf.org/External/NP/LOI/2...q/01/index.htm

cigarman this is one of the authorities (EPCA) that put a hold on the dinar at 1460:1 back when it was on the rise. This is good stuff since they are in some what contorl of the reval. I will be all night reading this. Good Find.