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

Hi, IIF has been having trouble on and off all day with the server. Keep trying. I was in a little while ago.

ÌÑÃ*Ã�É ÇáÕÈÇÃ� is already getting updated. It's only 9:42 AM there and I am seeing signs of life already!!

Originally Posted by CharmedPiper

Hi, IIF has been having trouble on and off all day with the server. Keep trying. I was in a little while ago.

Same here Piper....IIF won't come up for me either.

interesting read
Alsumaria :: Al-Maliki calls for...

Al-Maliki calls for pursuing Reconciliation and recuperating the country’s wealth
Tuesday, September 05, 2006

National Reconciliation was the headline of talks during the visit of Prime Minister Nuri Al-Maliki to Mosul City in Ninawa Province. Before a crowd of political and social figures in addition to Heads of Tribes representatives, Al-Maliki underlined the importance of establishing a free Iraq where only freedom, justice and equality rule among the people regardless of their orientations after long years of oppression, tyranny and murder.

On the other hand, Prime Minister Nuri Al-Maliki highlighted the necessity to preserve the unity of Iraq facing any foreign interference. He demanded as well of all states to settle their differences outside Iraq.

On a different level, Nuri Al-Maliki reiterated his call to pursue the Reconciliation Project or the openness as he described. He praised the success of the Heads of Tribes conference which will be followed by other meetings.

Al-Maliki reviewed the measures adopted by the government to reconstruct Iraq and fight terrorism, narrowed down in the Constitution amendment made convenient to all political parties and religious sects as well as fighting corruption behind financing terrorists.

Moreover, a statement issued by Prime Minister Nuri Al-Maliki Office announced that Iraqi Forces killed 14 terrorists, seized 22 wanted insurgents and detained 98 suspects due to information about terrorists planning attacks against pilgrims. The statement confirmed that crackdowns are part of the Iraqi security plan to protect visitors to karbalaa coming to celebrate Imam Mahdi Anniversary.

Originally Posted by Hope Full

interesting read
Alsumaria :: Al-Maliki calls for...

I like the headline, but it doesn't really talk about recuperating the country’s wealth, weird.

"This is such a huge, significant event that's about to occur tomorrow," U.S. military spokesman Maj. Gen. William Caldwell said of the shift in the Iraqi command. "If you go back and you map out significant events that have occurred in this government's formation in taking control of the country, tomorrow is gigantic."

The highly anticipated ceremony, which will put the prime minister in direct control of the military, comes five days after it was originally scheduled. The government abruptly called off the original ceremony at the last minute.

The U.S. and the Iraqis did not publicly reveal many details of the disagreement, other than to say it was more procedural than substantive.

Caldwell said the handover was so important, it could not be rushed into.

"If there's even a question, if there's even a slightest misunderstanding, you would absolutely want to get that thoroughly resolved," he said.

Following the fall of Baghdad in April 2003, the U.S. disbanded what was left of the defeated Iraqi army. The U.S.-led coalition has been training and equipping the new Iraqi military, hoping it soon will be in a position to take over security for the entire country and allow foreign troops to return home.

But it is still unclear how fast this can be done.



This is a part of an article posted on News at aol. Sorry I couldn't transfer the link

Par77

The CBI website has made some new updates again. This time to the tenders section. Although this is not significant to revalue it does show they are still updating.

Announcements

Al-Hayat
In the middle of last July, the Central Bank of Iraq (CBI) hiked its accredited interest rates from 10 to 12%. The CBI statement said this hike aimed at cutting down the current high inflation rate. Inflation hit 53% between 2005 and 2006. This step was meant to lower the liquidity ratio and encourage savings. Afterwards, the CBI directed commercial banks to raise deposit interest rates. With slight inter-bank differences, commercial banks offer 15% interest on short-term, 17% on medium-term, and 19% on long-term loans in Iraqi dinar.
If the current inflation rate in Iraq was the result of the high demand and high levels of consumer satisfaction, then the CBI's step would have been useful. But the inflation is caused by the rising costs with a considerably low level of consumption and per capita income.
In this case, raising interest rates would add insult to injury. It would increase the cost of investment and production. It would also reduce the marginal efficiency of the invested capital represented in the investment domestic rate of return.
Among the major dilemmas the Iraqi economy is facing, are the weak product price competitiveness, high production prices, declining investment and domestic production, the resulting high unemployment rate, and the worsening climate for investment. So, we do not know what sort of cash flow is meant by the CBI and for whom.
The UN World Food Program (WFP) conducted a respective study in cooperation with the Ministry of Planning and the Central Statistical Organization in Baghdad. 'More than half the Iraqi people, or 15.7 million, are living on one dollar a day', the study showed. Within this segment, over four million are living on less than half a dollar a day. They live in extreme poverty despite the food supplies they receive using their ration card. Also included in this segment are 5.2 million who cannot buy eggs or milk, let alone meat. Some of them cannot even afford to eat this stuff once a week. About 60% of primary schoolchildren and four fifths of pregnant women in south Iraq suffer from anemia. So, what sort of cash flow does the bank statement mean and in whose hands does it lie? How could these poor save money? They cannot give what they themselves lack.
If we take into account indicators of welfare and the other social and economic disparities, including the vegetation areas enjoyed by only a few members of the poor and marginalized groups, and the number of garbage trucks these people have and the number of doctors, hospital beds, personal computers, students and so on, things will appear much worse.
What budget surplus then were the Bank and its governor speaking of on al-Forat TV on July 13?
Economic issues and the interests of society should not be dealt with as though we are in a laboratory where we can produce a substance through the reaction of two other substances with a catalyst, by increasing or decreasing its dose.
A chemical process is within a limited scope: the interaction, which is not like the economy. Nobel Laureate in Economics, Ronald Coase, says: "Any real economic situation is a complicated situation. Any single economic problem is not isolated from the others, thus the handling is vulnerable to confusion, because dealing with a certain economic situation results in dealing with several problems and solve them at once".
Based on reliable sources, the Central Bank's decision, which is still under discussion, was a directive from the International Monetary Fund (IMF). However, the former US Secretary of State, Henry Kissinger, said of the IMF that it "prescribes the same pill for all patients". The monetary rates provided here do not represent the reality.
It is better to give further attention to the economic policy in Iraq, along with the supply, the high cost, the factors behind it, including the rampant administrative corruption in the State departments, alliances between government officials and businessmen and the callous, deep-seated bureaucracy that delays supply and stifles chances for progress.
Throughout 2004 and 2005, for instance, the Iraqis had to pay their mobile phone bills twofold the cost paid by citizens of neighboring countries, thanks to the monopolistic situation provided by the competent ministry to Iraqna Company.
The world price per kilogram of Brazilian chicken is $1, while the wholesale price is $2.5 on the Iraqi market. Administrative corruption plays a role in this. As for the real estate sector, the taxes on property transfer and document rectification and other taxes and charges in this sector are a source of wonder and bewilderment in a country where people cannot afford housing costs for lack of money.
If inflation abates, it will not be the result of what the Central Bank has done: the questionable increase in interest rates, but because of prospective economic and political factors that have nothing to do with it.
* Iraqi expert in economics.
http://english.daralhayat.com/busine...2e3/story.html

Diyala-Hadi Al-Anbuge
A number of researchers and the economic situation inside Iraq, that there are many economic terminology is not accustomed heard many of the sons of our society, due to lack of access to culture technological international media, including the (globalization-investment-market economy-privatization)

Therefore, it became necessary for all media institutions Allocate sufficient to explain the vocabulary and focus on the economic concept and economic transformations that have occurred in the communities of their importance during this phase of this as reported by Al (morning) economic researcher Prof. Dr. Mohsen Almamori which features Asher transformations of during the economic dialogue with him.

Method Planning

Q : What are the features of the economic transformations in Iraq?

We have asked a lot since the fall of 2003 and so far the trend towards market-economy policies and the emphasis on the principles of efficiency, effectiveness and economic rationality in the allocation and use of resources. Support and encourage the private sector to thrive and lead the National Economic and Social Council in the process of economic development.

Liberalization of prices and trade. And the creation of the appropriate investment climate, but I did not ask until this moment, but these features, we found that through coercive economic measures was the lifting of an unstudied in the prices of oil derivatives solely on the basis of the memorandum signed with the International Monetary Fund.

Which, in turn, create consecutive increases impacted negatively on the living conditions for the Iraqi people so it was necessary to put in our perceptions that the Iraqi economy has adopted a plan for development of three decades ago. The public sector burdens economic development and has conducted the largest and most important economic institutions.

In return the private sector to a strong blow in the mid-1960s due to the nationalization of the largest companies of its projects have been small and suffers from weak financial capacity. So the Iraqi economy needs to restructure government institutions to cope with the policy of free economy and create the desired social and economic environment and legal

The private sector

Q: How can we get to the level of a sound economy?

By not relying on the private sector in a holistic because it does not meet the aspirations of the Iraqi economy, given that the Iraqi private sector already suffering from backwardness and lack of ability to assume such responsibility. The same thing applies to the government to be suffering from structural imbalances and indebtedness. This is not consistent with a policy of free economy.

Based on the real progress the Iraqi economy, attract foreign investments and soft for the purpose of the partnership with the local private sector in the reconstruction and building a satisfactory economic, This, in my need to create many of the basic necessities, the most important provision of an enabling environment to attract Investors punctuated economic transparency accurate information and clear, not to mention the political stability and security in the country.

With the identification of foreign investment in the sectors that do not include estimated by private investment, Here, it should be noted that the participants of foreign investment for the private sector because this provides a lot of opportunities for this sector of the Iraqi economy, including reducing the unemployment rate and access to high-potential in the technology.

The sudden and rapid transformation

Q : Is Iraq ready for economic reform?

I think that this sudden and rapid transformation in Iraq has generated considerable imbalance in all economic variables and spoiled all the correlations and weakening economic sectors and as I said previously that the Iraqi economy has been doing over the past decades to adopt curriculum development planning. This is in addition to the serious deterioration in the security situation which continues to slide towards the worst. It must create the right environment to generate new economy intact in all sectors. And the sense that the Iraqi economy requires comprehensive reconstruction include not only economic sectors, but nothing more than that to include social and political situation, the Iraqi economy suffers many of the pressures of external debt, which we do not know to quantify the lack Judahsa'eih official so A huge debt

Q: Means that the Iraqi economy faces many challenges exactly what?
The most important challenges facing the Iraqi economy is the huge debt and payment process requiring many years. As the debate on the subject of exemption of this indebtedness in international conferences will accompany the case of the IMF, which imposes always lift all subsidies, as well as increases in the prices of many of the economic infrastructure facilities, which inevitably reflected on the lives of the Iraqi citizens to increase the prices of all goods and services Pa to add to the radical change in economic policy and economic system as well as the trend to privatization, any transfer of state property to the private sector and the opening of the Iraqi economy to the international economy. According to the international policies of globalization.

Rehabilitation institutions

What are the implications of the reform?

As if the conditions of international economic reform. There is a need to reform and rehabilitate the institutions, enterprises and economic companies in the public sector, start-up pump products in the market. The focus on the development of the management system in those institutions which serve the interests of the homeland and the citizen and in line with economic development. But we must not endanger the Iraqi economy to the dangers of dependency and placement and then linking the wheel of the national economy and accelerate the global economy to succumb to the reform policies legislated by the global financial institutions.

Community involvement

Q : What is the best way to adapt the Iraqi society with the economic changes?

I believe that in economic terms there are new voices of Iraqi society (because of a lack of familiarity with this community a long period of the culture Altknoljiat international media). Such as globalization, privatization and investment and the market economy ... Etc., it should be pumping these cultures and concepts through audio-visual and written so that the proper understanding of the community economic transformations to dovetail with and then embraced their perception correct. On the other hand, should seriously consider full rehabilitation of Iraqi cadres according to the foregoing. The community should be involved in decisions as a democratic way to build dialogues with the people and for not by Parliament.

International experience

Q: How can we build a culture of consumer economic?
All international experience in the consumer base between essential feature of the spoken and living according to the citizen's budget task that was necessary for life and the most important feature of the Kemalist capita income depends on the material and the subject is a close relationship Bmdjulat individual and the provision of goods and services is necessary and services T. nature aid (Almervhin goods). As the Iraqi people subjected to an economic blockade has lasted for a long time, the proper conduct of the alleviation of the embargo was using a ration card in place until the present time with the period that followed the fall of the former regime not to create all the components of the card for citizens, Conversely, the opening of the Iraqi market to all foreign goods (and the necessary luxury), which are not accessible to all citizens, but it imposed a particular type of consumer habits for a slice of staff and traders, The remaining segments of society could hardly deal with those goods.

Based on the progress on the state budget, the consumer of citizens and, through activating the role of the ration card and complete itemized for all members of society, taking into account when adopting a market economy gradually reducing these words commensurate with the standard of living to increase incomes for all Lafer d community through job creation and investment through privatization and the future of all the members of the community with the need to establish a social network to secure the entry of those unable to work .

07 September 2006 (PortAl Iraq)

Research and Markets has announced the addition of Iraqi Oil and Gas: A Bonanza In Waiting to their offerings.

The new report includes:

Updated analysis of current and potential energy projects in the region;
Comprehensive field and pipeline analysis;
Full assessment of the economic, financial, reconstruction and development situation;

Changes to administrative structures in the energy sector;

Access to two online interactive maps of upstream and downstream activity in Iraq;
Trends of Iraq's historical, current and future oil and gas production;
Legal and political implications of Iraq's return to the international oil market;

Assessments of developed and undeveloped fields;

And the status of upstream contracts using detailed maps and charts of Iraq's 84 discovered oil and gas fields, the 73 that possess production potential and the 25 developed fields.

"If your business is looking to invest in Iraq, or is assessing Iraq's potential for future growth, then this special report should be on your desk now," the Research and Markets announcement stated.


Iraq plans to invest $4 billion to build oil refineries and improve ageing infrastructure, Finance Minister Bayan Jabor said. 'Four billion dollars will be allocated to the Oil Ministry to build refineries and improve infrastructure,' Jabor told a news conference.

Iraq has the world's third-largest known oil reserves, but sabotage attacks, corruption and old infrastructure has crippled the sector and caused a severe domestic fuel shortage.

IRAN TO INVEST US$1 BLN IN IRAQI PROJECTS: AGRI MINISTER

Visiting Iraqi Agriculture Minister and Acting Minister of Roads and Transportation Yuarib Nadhim al-Abudi conferred here Tuesday with Minister of Road and Transportation Mahmoud Rahmati on expansion of mutual cooperation between Iran and Iraq.

At the meeting, Rahmati said the Islamic Republic of Iran is to invest some US$1 billion in various projects such as energy, oil and transportation to help rehabilitate Iraq's ailing economy.