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

Originally Posted by shotgunsusie

i hear in line with jordan as well from some. more like 1.46 to make the movement of the decimal placement on goods and services more simple. faster changeover that way.

Yea, makes sense, are you still hearing before 17th? I don't see anything happening after 24th for a month. Shops, restaurants etc close down over Ramadan making a r/v over that period highly unlikely. Most folks are busy fasting and praying to have any time for anything else.

Like this, looks like Saudi and Kuwait are seriously considering forgiving debt, excellent news.



In an interview with the director-general of the public debt, the Ministry of Finance
Send an Iraqi delegation to Saudi Arabia to discuss Iraq's debts
Kuwait wish to take a courageous step for debt cancellation
Ending the file will be Iraq's debts through 2007

Baghdad-Suha Shekhli

Left Iraq after the recent events. It is scared of debt before him on the suspended as a result of the policy of the former regime far removed from the study, planning and economic logic which drained the nation's wealth in the internal and external wars in addition to the heavy casualties. Regardless of the outcome of that war and its causes has found himself Medina Iraq for most of the world, including the Gulf countries and the Paris Club.
... What is the solution? What prepared bodies that are directly related to a blatant challenge. What is the attitude of the relevant parties after the step of the Paris Club write off 80% of its debts, The secret to prevent some brothers to take a similar step for the Paris Club countries in the least.
In the Ministry of Finance met with (long), Mr. Adnan Kinani, director general of the public debt. And I went the following question :
Q : What is the recent contacts on the write-off of Iraq's debts?
Debt-divided into four groups, as follows : Group 1
Includes Paris Club debt is composed of (18) State and the amount of the debt owed by Iraq of this group (41) is a billion dollars was the signing of an agreement to reduce the debt by 80% of the amount of (41) billion dollars.
To have this 80% is divided into three phases covering 30% the first stage and second stage 30% and the remaining 20% is the third and final phase.
We have other debts with Russia will soon reduce Midonitha. On the occasion of the fiftieth anniversary of the founding of the Paris Club visited Mr. Baqir Jabr Al-Zubaydi, Minister of Finance Paris and met Finance Minister Federation there was discussion on the debt settlement and the setting of a date for signing the bilateral agreement between the two countries.
The second group includes : group outside the Paris Club and includes the following States (Saint) Bulgaria, Hungary, Aljic, Slovakia, Malta) and the amount of the debt owed by Iraq to these countries is (42) billion dollars. There are bilateral agreements to settle the debt with these countries in line with the Paris Club have included government debt. Now we are moving rapidly to settle the debts by signing bilateral agreements with seven countries, including Arab (Egypt, Jordan, Sudan).
Group three : The trade creditors and banks and companies affiliated to the private sector and the amount of debt ranging between 20-25 billion dollars have been adjusted to include the provision (4) commercial offers for these creditors to settle their debts as follows :
1-Agyamha amounts less than (35) billion dollars cash offer is 10.25% of total debt and interest (more than 80%).
2-more than $ 35 billion (debt-for-debt) We offered them pay-term treasury bonds at an interest rate of 5.8% in the value of bonds by 20%.
Fourth group : the debt of the Gulf Cooperation Council, and the amount of debt between 60-40 Billion, and these countries include (Saudi Arabia, Kuwait, Qatar, UAE, Bahrain) are serious attempts by the Minister Baqir Jabr Al-Zubaydi, during his recent visit to Jeddah and attend meetings of the OPEC Fund for Development and the Minister of Finance met with the Saudi been agreed to reconsider the issue of the debts of Saudi Arabia towards Iraq and the Saudi minister to send Iraqi delegation composed of experts and the Ministry of Finance generation Aceh and check the figures this debt, and the delegation obtaining approvals fundamentalist waiting for this visit. Kuwait said that the House will decide who cancellation. Kuwait wish to take a courageous step for debt cancellation, increased by 100% and it seems that the solution is political rather than financial and Iraq continues to pay a rate of 5% of its oil revenues for Kuwait, according to Security Council resolution on compensation either for Qatar and Bahrain Vmbalg debt owed by Iraq very few, note that the figures indebtedness of the Gulf states, or code-documented and auditing of these figures and documents available between the parties and conventions around will determine the correct figures and interest rate.
* What is the role of the International Monetary Fund and World Bank in attempts to write off debt for Iraq?
- The position of the IMF and the World Bank have been positive attitude while creating a deal with the Paris Club on 21 / 11 / 2004 to reduce Iraq's debt by 30% has been paid 60%, with only 20% of those debts.
Q : What is the ceiling timetable for ending Iraq's debts?
- Orientations Minister Baqir Jabr Al-Zubaydi of the Service continued to work tirelessly and sincerity to end the file of Iraq's debt ceiling and the time is 2007.
* As a service on the debt. What are your observations?
- I would like to point out that there was no precedent of the Paris Club to be treated through a history of this reduction only with Iraq to confidence in the wealth of Iraq, human and material. This position of the club will of Iraq have made significant strides in the field of economy, reconstruction and development. As well as the position of friendly countries, particularly the United States of America. We also call on States that have not signed the debt settlement mechanisms to speed up the settlement.
Q : What about the decisions of the Madrid Conference?
- The reduction according to the decisions of this conference is to (33) billion dollars of donor countries which include (of the eight adults and the rest of the European countries).
The ministry allocated funds for development and reconstruction, the most recent of which was the conference, which was held on August 10, 2006, which discussed allocations of the provincial reconstruction and development funds but that terrorism is an obstacle to the realization of this.

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Hhmmm, 13th meeting, perfect time to sort the inflation problem by revaluing.....


The inflationary situation...
After a hiatus of three months, table regain the resumption of the long tables organized monthly feature has been adopted to follow economic trends, and to discuss the performance of the various bodies concerned with the performance and promotes Ersan Bmattabat Tvaliha, With offers of economic affairs are concerned academics and specialists from users in the commercial market and the activities of the various exchanges to confirm their attendance, The register their attitudes towards various phenomena and developments in the economic arena.
As we have eight rings of Omar our table, we agree on the table nine, that stands at the theme inflation and the impact of fingerprints influential in the reality of living. while we participate in the follow-up actor problematic inflation, it was agreed that the appearance of anti - Dr. Mohammad Saleh, economic expert known and the Director General of the Department of Research and Statistics, the Central Bank of Iraq in the task of providing the first working paper, what a game the Central Bank's role in counter inflationary situation, With predictions of Dr. Ibrahim flower teaching in the Faculty of Administration and Economy at Baghdad. to address the issue of the academic side with the collection of those involved in the discussion of researchers including Aurdoh in presentations to identify the features most appropriate approach in dealing with the problem after it breached the inflationary area allowed for the indicators up to 70%, according to the agencies involved.
The table that begins the new season that problematic task, which is being held on Wednesday, September 13, 2006, ready for the program looks to address the worthiness of the indicators players in the suffocating economic crisis, in order to find tracks and objective methodology to overcome those problems impeding the smooth flow of the market and daily turnover, see it, including the national economy and overall vocabulary-building and reconstruction of our country and resume his career development in all channels.

Taking us call to mobilize concerned economic affairs and the academic researchers within these guidelines we are confident that their role should be strengthened to confirm the presence of active and influential and decisive in bringing the various programs of the future to which we aspire, as concerned to have their interests and the hard work and accomplishments of the location, which should be occupied, for economists and comes in various specialization recent opinion in the adoption of plans, programs and policies embodying tendencies.
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Due to the deficit of (5500) billion dinars in the 2006 budget and the issuance of the method of financing the budget deficit and because of the urgent need for foreign investment and to invite and encourage foreign direct investment and indirect contribution in building the national economy justified the need for capital inflows


On one hand, and need to know the natural flow of technical, administrative and marketing of modern usually accompany this flow, we wish to talk about this subject, even in a simplified form.
It is known that the investment environment in Iraq today, to say the least, to be an unwelcoming, but horses for foreign investment for the following reasons :
1. The security situation today is not entirely appropriate to welcome foreign investments

2. The infrastructure of the Iraqi economy marginalized but can be said to be devastating.

3. Government subsidies erosion fourth Iraqi budget.

4. The state structure is damaged and semi-institutional and legal environment for the protection of basic care and foreign investment non-existent.

5. Attempts to economic reform through a series of laws and legislation, despite its health in general, it raises suspicion and mistrust among the general people, they did not proceed by the Iraqi authority and national because of the presence of the American occupation and the citizens believe that America is the holding power in Iraq.

6. The prevalent belief among the Iraqi people in general that the oil revenues in Iraq sufficient to finance the development and growth and foreign capital violates sovereignty, the Iraqi political and lead to the sale of Iraqi assets in global markets, The Iraqi economy must be kept isolated from the global economy interconnections and the openness that found controls and restrictions dictated by the state to regulate this process.

Within this vision true protection policies customs and reduce the importance of non-oil exports to consider that the size of the Iraqi market can absorb and insufficient domestic product, including the closure and prevent capital flows to the capital market and prevent or limit the circulation of the shares of foreign companies in the Iraqi market for Iraq Arwak Finance.
Therefore, the promotion of the flow of foreign investments to Iraq requires a distinct and merchanting transaction rather then center, where the severe competition in most neighboring countries, which have adopted policies advanced marketing to attract global capital for stability in their countries, since these countries have the investment environments beyond what is available in Iraq eroded disband a great example, in Jordan since 1997 has been to create the best possible atmosphere to attract foreign investments, we find that today (37%) of the financial market holdings of the Jordanian Arab investors and (60%) by foreign investors and the same case applies to the capital markets in the Cairo and Alexandria Stock Exchange and the Bahrain Stock Exchange and the Dubai market for Arua s Finance and the Kuwait Stock financial and capital markets in Tunisia and Saudi Arabia is one of the richest oil is now on the verge of opening their markets to investors and the desire of non-Arabs, not only attract capital but, more than that, to bring management and marketing expertise and knowledge of national and Tozinha locally as the most successful Alusa Ell and least expensive is what comes in a series of foreign direct investment and financial him, as well as the case of sisterly Syria.
We can deduce from the foregoing that Iraq's attempts to market Arwak financial transactions of the opening of the non-Iraqis will not result in a floodgate of capital flow to the market at this stage will be successful because the market was able to attract some investment from the Gulf and Arab countries including, in particular, despite the obstacles mentioned earlier.

Originally Posted by Raditz

Due to the deficit of (5500) billion dinars in the 2006 budget and the issuance of the method of financing the budget deficit and because of the urgent need for foreign investment and to invite and encourage foreign direct investment and indirect contribution in building the national economy justified the need for capital inflows


On one hand, and need to know the natural flow of technical, administrative and marketing of modern usually accompany this flow, we wish to talk about this subject, even in a simplified form.
It is known that the investment environment in Iraq today, to say the least, to be an unwelcoming, but horses for foreign investment for the following reasons : 1. The security situation today is not entirely appropriate to welcome foreign investments

2. The infrastructure of the Iraqi economy marginalized but can be said to be devastating.

3. Government subsidies erosion fourth Iraqi budget.

4. The state structure is damaged and semi-institutional and legal environment for the protection of basic care and foreign investment non-existent.

5. Attempts to economic reform through a series of laws and legislation, despite its health in general, it raises suspicion and mistrust among the general people, they did not proceed by the Iraqi authority and national because of the presence of the American occupation and the citizens believe that America is the holding power in Iraq.

6. The prevalent belief among the Iraqi people in general that the oil revenues in Iraq sufficient to finance the development and growth and foreign capital violates sovereignty, the Iraqi political and lead to the sale of Iraqi assets in global markets, The Iraqi economy must be kept isolated from the global economy interconnections and the openness that found controls and restrictions dictated by the state to regulate this process.

Within this vision true protection policies customs and reduce the importance of non-oil exports to consider that the size of the Iraqi market can absorb and insufficient domestic product, including the closure and prevent capital flows to the capital market and prevent or limit the circulation of the shares of foreign companies in the Iraqi market for Iraq Arwak Finance.
Therefore, the promotion of the flow of foreign investments to Iraq requires a distinct and merchanting transaction rather then center, where the severe competition in most neighboring countries, which have adopted policies advanced marketing to attract global capital for stability in their countries, since these countries have the investment environments beyond what is available in Iraq eroded disband a great example, in Jordan since 1997 has been to create the best possible atmosphere to attract foreign investments, we find that today (37%) of the financial market holdings of the Jordanian Arab investors and (60%) by foreign investors and the same case applies to the capital markets in the Cairo and Alexandria Stock Exchange and the Bahrain Stock Exchange and the Dubai market for Arua s Finance and the Kuwait Stock financial and capital markets in Tunisia and Saudi Arabia is one of the richest oil is now on the verge of opening their markets to investors and the desire of non-Arabs, not only attract capital but, more than that, to bring management and marketing expertise and knowledge of national and Tozinha locally as the most successful Alusa Ell and least expensive is what comes in a series of foreign direct investment and financial him, as well as the case of sisterly Syria.
We can deduce from the foregoing that Iraq's attempts to market Arwak financial transactions of the opening of the non-Iraqis will not result in a floodgate of capital flow to the market at this stage will be successful because the market was able to attract some investment from the Gulf and Arab countries including, in particular, despite the obstacles mentioned earlier.

the term 'horses for foreign investment' in the original arabic wording means the 'strong dinar for foreign investment'. if youve noticed a few articles in the last week have refered to 'horses' or 'horse'. that is the slang term for the dinar as they used to call it the 'blue horse' as it was as strong as a horse. also take note of the horse hologram on the dinar for this reason.

Originally Posted by shotgunsusie

the term 'horses for foreign investment' in the original arabic wording means the 'strong dinar for foreign investment'. if youve noticed a few articles in the last week have refered to 'horses' or 'horse'. that is the slang term for the dinar as they used to call it the 'blue horse' as it was as strong as a horse. also take note of the horse hologram on the dinar for this reason.

Okay, thank you for clarifying that! I wonderd what that meant!

Gotta love these people, seems a month off wasn't enough.....have heard the Sunnis have walked away from the table.....

Iraqi parliament session postponed to Tuesday
By Adel Fakher
Baghdad, Sep 11, (VOI) – Iraqi parliament speaker Mahmoud al-Mashhadani postponed the parliament 33rd session to Tuesday. The Parliament in Monday's session started with a first reading of some draft laws on the agenda including a draft law to amend the Iraqi criminal procedures, a draft law to cancel some memoranda on relieving judges and general prosecutors of their posts and a draft law to cancel the disbanded revolution command council decisions (504,600,222). The parliament also delayed the first reading of a draft law to Iraq's joining of 1997 Ottawa agreement on landmines.

http://www.aswataliraq.info/modules...order=0&thold=0

Hey SGS in your opinion do you think that the reval will just show up on the exchange with no warning or do you think there will be an announcement made. I have been tossing that 2 around and I wanted your opinion or anybody's .... I really believe we are down to counting hours now....

Personally I believe it will be announced with the FIL in a press conference. Shabibi will announce it. But it won't be front page headline stuff.

Quote from SGS: [I hear in line with jordan as well from some. more like 1.46 to make the movement of the decimal placement on goods and services more simple. faster changeover that way]

Now, that makes a lot of sense and seems extremely credible...............