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

Hi All, I ran across this article today and it is very encouraging reading. Here is most of it...click on the link to read it all. It just proves that economic reform (dinar reval) needs to be done yesterday! Hang in there guys..counting down the hours.

UAE is freest Arab economy says report
Posted: Monday, September 11, 2006

Dubai

The UAE was ranked the freest economy among Arab countries in this year's Economic Freedom of the World report.

The Emirates was also the 12th freest worldwide. Kuwait, Oman and Bahrain took the next three places among Arab countries.

In the worldwide list, Kuwait and Oman were both ranked 24th while Bahrain came 40th among 130 countries examined in the report by the Canada-based think-tank Fraser Institute.

The annual study placed Jordan in 48th place globally, followed by Tunisia (68), Egypt (80) and Iran (80).

The key characteristics used in the study included five areas on the size of government, legal structure and protection of property rights, access to sound money, international exchange and regulation.

The report reveals that economic freedom levels have been rising around the world during the last quarter century.

Among the key findings were that nations topping the economic freedom index have an average per capita Gross Domestic Product (GDP) of $24,402, compared to $2,998 for those nations at the bottom.

The report also showed countries with more economic freedom had higher average per capita economic growth, average income of the poorest 10 per cent of their population and life expectancy as well as lower unemployment levels.

"The demand for foreign aid is typically made in the absence of any empirical evidence that it leads to benefits for recipient nations and without asking whether there are better approaches to poverty reduction for the international community to support," said the report's co-author Florida State University economics professor James Gwartney.

"What the research in this edition of Economic Freedom of the World suggests is that economic freedom, rather than foreign aid, does have a powerful positive impact and is a better approach."TradeArabia News Service

UAE is freest Arab economy says report - Middle East Business news related to travel, food, hotel, real estate, health, oil and more

Originally Posted by njd2004

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...............

Hi NJD.... could you please copy and paste the whole explanation she gave on that.. I remember reading it and can't find it... the whole discussion was interesting... thanks.. ez

FIL Must Be Approved Before September 16th, 2006
FIL Must Be Approved Before September 16th, 2006
Abdul Latif : Law Territories must be completed before 16 next month

Baghdad - (Voices of Iraq)
Examines the House during its next federal budget and investment law. and the law private sector imports of petroleum derivatives and the law of the Territories and legal formulas to deal with foreign forces. He is a member of the Chamber of Deputies, Wael Abdel Latif Exclusively News Agency (Voices of Iraq) Independent yesterday, Saturday, "that before the House of Representatives at its next legislative, which will last for four months, many of the important projects that there must be legislation." He said that among these projects "Development of the federal budget for Iraq before the end of this year. "In addition to the two important waited for the amendment and validation set Latif" investment law which will outline the economy of Iraq for the next phase and the law private sector imports of petroleum derivatives, "and added that" accomplices N Territories must be completed prior to 16 months from September next. where the Constitution provides for the completion Latzid six months from the date of the meeting or of the Parliament, which was on 16 March last month. " Abdel Latif, "the Parliament and the Council of Ministers of Iraq must provide legally by the end of the current year identifies mechanisms to deal with legal foreign forces in Iraq and the United Nations prior to 31 December the first Dismbramegbl." He added that "the Council should devote its efforts to carry out these laws and to form a commission to review the constitution, the side away from the differences in order to carry out his functions effectively and slipshod.

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

__________________________________________________ _

Hmmmmm.....Lookie-THAT!

OOOH..good find (or re-find) Tiff..Looks like it WILL happen before Ramadan!

Hi EZ,

That was actually the entire post.

It's number 860 on page 86.

Neil

Originally Posted by shotgunsusie

why would they sell dollars to make transfers abroad??? they arent the exchange country for dollars, we are. their exchange currency is dinar.

Quote:
Cash amounts sold to the bank and its customers were USD(34.735.000) at a rate of(1475+1+10=1486)IQD\USD . (IN COUNTRY DINAR SALES/EXCHANGES TO BANKS AND PUBLIC)
The amount sold to make transfers abroad was USD (39.340.000) at a rate of (1475-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee. (OUT OF COUNTRY DINAR SALES TO COUNTRIES FOR FUTURE TRADEBACK - recent on cbi site last 4 months)

Sure would like to see the article that says "for future trade tradeback", how about posting the link for this. Thank you in advance.

Hey Tiff, I Remember That Post Of Adsters And Was Trying To Remember When He Posted It The Other Day!! Thank You So Much!!! Come On Revaaaaaaaal!!!!! Lisa

Not sure if this one has been posted:

Iraq official calls for oil partnerships - Yahoo! News

Iraq official calls for oil partnerships By JIM KRANE, Associated Press Writer
Mon Sep 11, 7:20 AM ET

A top Iraqi official called for partnerships with international companies to boost his country's oil industry on Sunday, saying Iraq's emergence as a "secure petro-democracy" could quell rampant sectarian violence.

Deputy Prime Minister Barham Saleh, a Kurd, conceded disputes between local officials and the central government over who controls oil proceeds were one of many obstacles to making improvements. But he said he was hopeful that oil would be a "unifying force for Iraqis rather than a resource to fight over."

He spoke of Iraq emerging as a "secure petro-democracy" with the strength to put an end to the violence that threatens to tear the country apart.

"I don't underestimate the gravity of the situation in Iraq," Saleh said during a U.N.- and U.S.-sponsored Iraq donor conference in the Emirates capital of Abu Dhabi. "We are in a very critical situation."

Iraqi leaders are nearing agreement on a long-awaited hydrocarbon law that could usher in huge investments by foreign companies in Iraq's oil sector — and eventually rescue the embattled country from deepening chaos, Saleh said.

The deputy prime minister said he expected the law setting ground rules for managing Iraq's huge petroleum reserves would be approved in parliament by year's end.

"This will open Iraq's oil sector for investment," Saleh said. "We know what it takes. It takes partnerships with international oil companies."

Foreign oil companies, with their huge investment clout and technology, are best placed to quickly modernize Iraq's oil sector and meet the country's goal of doubling the current crude production of 2.5 million barrels per day by 2010, Saleh said.

But the absence of a legal framework governing investments and ownership of the country's oil resources has hampered foreign investment in the sector.

Iraq's oil infrastructure has been under repeated attacks from insurgents. The industry also suffered during the 1990s when the country under Saddam Hussein did not have access to state-of-the-art technology or engineering know-how.

Big oil companies have told the U.S. government they are willing to send crews to Iraq to explore and pump oil — regardless of the violence — as long as there are legal ground rules for their participation, said U.S. Deputy Treasury Secretary Robert Kimmitt.

"The oil companies have told us they need to know what the rules of the road are," said Kimmitt, President Bush's special envoy for the Iraq donor talks.

Currently, Iraq's oil production is overseen by the country's Ministry of Petroleum and two state-run oil companies, a centralized management system left over from the regime of Saddam Hussein that Saleh said "has proven to be a disaster."

"Iraq needs investment. Iraq needs to send a strong signal to the international community about investment in oil," the deputy prime minister said. "We need to push liberalization and open our markets."

Saleh, from the autonomous Kurdish region in northern Iraq, acknowledged that "differences remain" among those negotiating a hydrocarbon law, particularly on determining whether the resource is controlled by regional governments or Baghdad.

Kurds in the north and some Shiite Muslims in southern Iraq — Iraq's two chief oil regions — want regional control over oil production and revenues. But Iraq's Sunni Muslims and much of the Baghdad government want to maintain national control over Iraq's petroleum resources.

Iraq's proven oil reserves stand at about 115 billion barrels, the world's third largest after Saudi Arabia and Iran.

Sunday's Abu Dhabi meeting brought together officials from the U.S., Europe, Japan, Korea and Iraq's Arab neighbors along with the U.N., World Bank and International Monetary Fund to discuss The Compact for Iraq, a five-year plan to ensure Iraq's government has funds to survive and enact key economic reforms.

The talks were expected to continue Sept. 18. In New York, Iraqi Prime Minister Nouri al-Maliki and U.N. Secretary-General Kofi Annan were to discuss Baghdad's political reforms, while global finance ministers discuss Baghdad's economic proposals in Singapore on the sidelines of a World Bank and IMF meeting.

SEPTEMBER 11, 2006


COLUMBIA, Md. -- TECORE® Wireless Systems, a pioneer supplier of 3G and next-generation wireless networks, announced today that it is deploying a large-scale, IP-based turnkey CDMA wireless local loop network for Moutiny, an Iraqi-based telecommunications services provider. The network will initially support 200,000 subscribers in a 10-city region in Iraq, with growth expected to quickly reach over a million subscribers accessing voice and 3G data services utilizing an IP network topology. TECORE is providing all core network and radio access systems, microwave interconnectivity, integration with satellite communications systems, overall project management, and deployment services.

The solution brings together a number of TECORE's latest product innovations, including its Linux-based SoftMSC® System, enhanced high-capacity/high availability HLR, integrated media gateways, integrated SIP proxy server, messaging, voicemail, and prepaid services. This architecture allows operators to best leverage IP-based signaling and bearer traffic over a combination of satellite and landline backhaul links. The Radio Access Network consists of CoreCell(TM) all-IP CDMA base stations integrated with satellite backhaul. The network is CDMA 1xEV-DO ready, enabling high-speed data services and multimedia applications. The complete solution includes CoreAccess(TM), a Java-based system providing comprehensive element management, configuration, provisioning, and administration for all core network components and subscriber data.

"This leading-edge wireless local loop deployment demonstrates TECORE's excellence in rapidly integrating and deploying all-IP CDMA networks," according to Neal Calanni, TECORE's vice president of Marketing and Product Strategy. "TECORE's SoftMSC-based core network allows operators to leverage the latest IP technologies, including SIP and other emerging IP-based services, to optimize network operations and reduce capital and operating expenditures.

Light Reading - Mobile/Wireless - Tecore Wins Iraq Deal - Telecom News Wire

Interesting,

Nice to see so many new members here, welcome one and all. We seem to attract the smartest and brightest people here, and with all the well educated posters, and more importantly, the ones who are searching out all the news articles, I can retire early. (g)

Good luck to all, Mike