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

I guess the answer to this is YES

She gave it an 11 on a scale of 1-10 so she is confident

I don´t think it have to be revalued before oct 1. (it will eventually)
This is just speculation, no facts

Originally Posted by CharmedPiper

Do you still think they have to have this done by the Oct 1 deadline???

The first political : : Shirwan Alowaeli government announced increases in the salaries of staff very soon

He said that reconciliation is achieved significant results and the politicians to defuse the crisis
Baghdad Safaa Hadi
Government announces increases in the salaries of staff in the next few days, working on the operation of a large number of unemployed. This was in an exclusive interview for the "morning" Shirwan Alowaeli, Minister of State for National Security, He pointed out that the significant impact of these steps to undermine terrorism. , as well as other projects will be activated in this regard, including the draft Shahid and political prisoners.
The security plan Alowaeli to court and accurate applied soon in Baghdad, explaining that the disclosure of the details of this plan is not beneficial.
He added : We are now in the process of a dialogue between the leaders of the political parties and blocs within the framework of the project of reconciliation and national dialogue, stressing that the major responsibility rests with politicians in the congestion status quo or not, because they are heard by the base and roots of their constituents and therefore have to defuse the crisis, At the same time he confirmed that these politicians invoked the Constitution and the law to be a real reconciliation and to form candidates to address key problems in the forefront of the issue of the militias, which tarnished its image recently, The need to open the file in front of the government and parliament.
He explained that the reconciliation has achieved positive results in the most important stages of the previous open channels of communication with the conflicting parties, noting that the government determinants in dealing with these parties to ensure the rights of the Iraqi people and respect his opinion and maintaining the political process.
He said : Alowaeli The Council of Ministers issued a decree to relate to protect installations "FBS" Agency of the Ministry of Internal Affairs of the videotapes that the Ministry mentioned evaluation and qualification and processing as well as countless mission to protect the installations. He pointed out that we have another draft resolution to prevent bear arms only by the authorized to grant a permit to carry the weapons exclusively from the Interior Ministry. Furthermore, there are preparing legislation to the special protections of the law and identify these protections is deserved, and approved by the method of dealing with them in the street.
The Minister of State for national security that there is a plan for the deployment of joint checkpoints of the army, police, security in Baghdad and its roads and to neutralize the emergence of armed militias.
He ruled Alowaeli circulating rumors of a meeting organized by former leaders in the disbanded Iraqi army, in an attempt to change the political system in Iraq. Barnier said : "The Iraqis reject provisions anomalies which are not based on law and the constitution. We have come a long way in the march of democracy was lack of a democratic culture, both by the Governor or sentenced, but Iraq is currently enjoying a constitution and the Parliament and local government and other central and all elected not return to the martial defective.
He added that some of the information we received from private sources, the intervention methods in the category of the former regime of rumors and propaganda broadcasts or the other to know the reactions of the Iraqi street, and not necessarily to be dependent pursuant In all cases, we represent the State governed by the rule of law and this law does not condone such behavior never far from democratic approach.
He pointed out that the government has announced strategic for the families forcibly displaced to their regions, as well as situational solutions such as harboring such families in simple pools and provide basic life coverage of the salaries and social protection network, noting that there is a joint operations with the parties concerned with this issue of the return of these families to their homes.
He pointed out that there reassessment of the security plan for Baghdad, in addition to a number of directions in the scientific and technical aspects in the coming stage and there practical steps that will be announced during the implementation.

Translated version of http://www.alsabaah.com/

The first political : Maliki directed formation of a brigade to maintain security in Anbar

Tribal elders in Ramadi confirmed to the Prime Minister to work sincerely for the success of the national reconciliation
Baghdad-Sabah
Prime Minister Nuri al-Maliki to study the formation of a brigade to maintain security in Anbar, stressing the need for cooperation among the people of the province to develop the funds allocated for the reconstruction of Anbar, including served in addition to the emphasis on the need to form a committee, which has the responsibility of the election administrative authority tries to provide security and stability in the province.
Maliki said during his meeting yesterday morning, a delegation of tribal elders Anbar headed by Sheikh Abu Star Pthie brushes : that Hakomhali fully ready to support the efforts of enforcing security and stability and to impose the rule of law and work for the reconstruction of the province, which abducted fatwas, which allows for the killing of human beings without the right.
He praised Prime Minister conveys tribal elders good news for the owners of the sinister objectives of those who do not want any good for the people of the governorate, adding that the focus of admiration and appreciation of all Iraqis.
Al-Maliki and heard during the meeting to explain in detail the security reality in Anbar, and the willingness of people to assume responsibility in the return of security and calm and direct the work of reconstruction and the delegation of tribal chieftains explanation of the dimensions of the conference, which organized it in the middle of this month, conservation and invited them to speed up the formation of a charge to save a the security for the whole people of the governorate.
He said Anwar Nada Allahibi adviser to the Prime Minister on the morning of the "clan" : The delegation assured the Prime Minister to work sincerely for the success of the national reconciliation and work to achieve the aspirations of citizens to promote a climate of security and stability so as to enable them to live peacefully side by side with the rest of their brethren in the other governorates in order to build a state of security and all are equal before the law.
He added that clan elders had expressed the wish of the people in Anbar increase opportunities to volunteer for the army and police and to help them overcome the difficulties they face due to the daily killings and assassinations carried out by terrorist elements and damage the infrastructure of the province as a result

Translated version of http://www.alsabaah.com/

Consequences of Hiking Interest Rates in Iraq
Ali Mahmoud Al-Fekaiki Al-Hayat - 29/08/06//

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.

Originally Posted by PAn8tv

Consequences of Hiking Interest Rates in Iraq
Ali Mahmoud Al-Fekaiki Al-Hayat - 29/08/06//

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.

anyone know what this means? the article doesn't flow very well.

Originally Posted by lndmn_01

anyone know what this means? the article doesn't flow very well.

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.

Consequences of Hiking Interest Rates in Iraq
Ali Mahmoud Al-Fekaiki Al-Hayat - 29/08/06// the directive from the IMF was to raise the rate of the dinar. it was in the last imf review of iraq. and they are saying the rate of the dinar now is not representing reality...

basically what weve been saying all along... lol

This is old, but provides a bit of an explanation . . .

Western Press Review: IMF And NATO Must Act

By Elizabeth Weinstein

Prague, 5 October 1998 (RFE/RL) -- The Western press today analyzes the role
of the International Monetary Fund (IMF) in the global economic crisis in
preparation for the annual IMF-World Bank meeting starting Tuesday.
Commentators take a harsh look at the IMF's actions during the past year and
give advice on how to ease the financial crunch in Asia, Russia and the rest
of the world. Other comment focuses on NATO's threat to use force in Kosovo.
Commentators say NATO must focus any strikes on all of Serbia, not just
Kosovo.

LOS ANGELES TIMES: The IMF should be returned to its original purpose

A commentary in the Los Angeles Times by former U.S. Secretary of State
Henry Kissinger today criticizes the IMF for failing to grasp the political
implications of its actions in countries afflicted by economic meltdown.
Kissinger compares the IMF to a blundering doctor.

He writes, "Like a doctor who has only one pill for every conceivable
illness, its nearly invariable remedies mandate austerity, high interest
rates to prevent capital outflows, and major devaluations to discourage
imports and encourage exports."

Kissinger uses Russia and Indonesia as prime examples of how the
organization is "not equipped for the task it has assumed." In Indonesia, he
writes, the IMF destroyed the political framework by emphasizing economics.
And in Russia, the IMF accelerated the economy's collapse by over
emphasizing politics.

The key to restoring global growth, he says, is expanding the American
economy and transforming the IMF. Kissinger says the IMF should be returned
to its original purpose of providing expert advice and judgment,
supplemented by short-term monetary support.

NEW YORK TIMES: Economies must be kept functioning while needed reforms are
made

A New York Times editorial today also uses the doctor-medication analogy to
evaluate the IMF's actions since the annual meeting last year. Calling the
IMF "humbled," the paper says the organization's "prescriptions for troubled
Asian countries did not produce the desired cures, and unwanted side effects
forced it to dilute the medication." The paper says deflation and global
recession is the biggest risk confronting the world.

The New York Times writes, "That means ways must be found to restructure
debts -- with penalties for those who lent money imprudently as well as for
those who borrowed the money." It says "economies must be kept functioning
while needed reforms are made."

Like Kissinger, the New York Times also calls for the IMF to make changes.
It asks the organization to be more willing to encourage floating exchange
rates.[/COLOR] It also urges leaders in the lower U.S. House of Representatives to
pass a Clinton-proposed $18 billion package to allow the IMF to lend money
to countries that have made reforms but still face capital flight.

IRISH TIMES: Things could get a lot worse before they start to get better

The Irish Times today says there's no better opportunity to reassess the
role of the IMF and the World Bank than at this week's meeting. It wonders
why the U.S. Congress is hesitating to pass Clinton's IMF plan and says a
new way must be found to deal with short-term debt problems in the
developing world.

The paper urges ministers at this week's World Bank-IMF meeting to examine
the best approach to the battered Asian economies. Investors, the Times
writes, "will only put funds back into such economies if they are provided
with a much better level of information."

The Irish Times concludes with a call for the world's financial officials to
take steps to "protect the global economy." The paper writes, "in recent
weeks many international lenders have signaled a desire for reform of the
institutions; they must now show that they can seriously engage in
discussions on how this should be achieved." It says that if they don't
address the global financial crisis, "things could get a lot worse before
they start to get better."

Other commentary today focuses on NATO's threat to take action if Yugoslav
President Slobodan Milosevic does not end a crackdown on the ethnic-Albanian
majority in Serbia's Kosovo province.

INTERNATIONAL HERALD TRIBUNE: Military strikes alone will simply deepen the
conceptual and political failure in Kosovo

Jim Hoagland, writing in the International Herald Tribune, says recent
widely-reported massacres of Kosovar civilians have embarrassed the
governments of NATO-member states before their own publics. Hoagland
speculates the embarrassment will likely prompt NATO action.

Hoagland offers four preconditions for successful action by the alliance. He
says, air strikes must center on military targets not just in Kosovo, but in
other parts of Serbia as well. He recommends that NATO address the Kosovo
Liberation Army (KLA) in its pre-strike ultimatum to Milosevic. He says
American and European law enforcement agencies should treat the KLA as a
terrorist organization if it attempts to exploit NATO's military action.

Finally, Hoagland says U.S. President Bill Clinton should explain NATO's
action immediately to the American public and begin planning the size and
nature of an international ground force that will oversee any Kosovo
settlement that might occur after the air strikes. Without these
preconditions, he writes, "military strikes alone will simply deepen the
conceptual and political failure that Kosovo now represents for the West."

FINANCIAL TIMES: The West still does not want to see any re-drawing of
international boundaries in the Balkans

Why is NATO suddenly so eager to take action, David Buchan asks in a
Financial Times commentary. The immediate reason is "shame and guilt at not
having acted earlier", he answers. But Buchan also outlines the doubts NATO
leaders might have when considering action against Serbia.

He explains, "The fact is that the West still does not want to see any
re-drawing of international boundaries in the Balkans." He says it "does not
want to endorse independence for Kosovo for fear that, once it happened, the
ethnic-Albanian minority in Macedonia might want to join up with the Kosovar
Albanians and both might want to merge with Albania proper."

Buchan reasons that if Kosovo were allowed independence, the Serb half of
Bosnia would argue for the right to be independent or join a greater Serbia.
He wonders how air strikes would really affect Milosevic's position. Would
they weaken Milosevic? Strengthen him by "war psychosis" as Serbs rally
around Milosevic? Buchan warns that if NATO's goal is to wait out the Kosovo
conflict until Serbia moves from dictatorship to democracy, the wait could
be a long one.

ECONOMIST: The alliance will have to send in bombers or risk becoming a
laughingstock

Finally, this week's Economist says "the West has one last chance to act."
The editorial says that even though time has been wasted for the 300,000
displaced ethnic-Albanians who face a harsh, homeless winter, NATO should
still take action against Serbia.

It writes, "If after a final warning, Mr. Milosevic fails to yield to NATO's
demands, the alliance will have to send in the bombers or risk becoming a
laughingstock."

The Economist writes that if NATO continues to be indecisive, its summit
next year in Washington intended to expand the alliance eastward, could be a
non-event.

Originally Posted by shotgunsusie

Translated version of http://www.alsabaah.com/

*Brits launch cleanup operation in Iraq's second city*
9/27/2006


by Abdel Karim JamilWed Sep 27, 8:01 AM ET

British troops were pouring into eastern Basra as part of Operation Sinbad to restore security and prosperity to Iraq's troubled second city and implement reconstruction projects.

Residents watched as soldiers in the formerly affluent neighborhood of Baradhiya cleaned up playgrounds and football pitches on Wednesday, fixed broken windows and painted schools, all under the watchful eye of British and Iraqi forces.

"We are attempting to increase the standard of living for the average Basrawi," said British military spokesman Major Charles Burbridge, adding the operation would stretch into early next year.

The cleanup will not only target the troubled port city's streets, but also its police force which has been infiltrated by Shiite militias.

"The important thing here, the aim of this operation, is to take Basra closer to transition to Iraqi provincial control," said Burbridge.

Two of Iraq's southern provinces, Muthanna and Dhi Qar, have moved to total Iraqi security control, but Basra remains plagued with instability caused by criminal groups and infighting militias.

Britain has 7,200 troops in southern Iraq, with 118 killed since the US-led 2003 invasion.

"We are happy about this good work being done by British forces and their help for Basra's schools and children," said Fatima Hussein, principal of Al-Uruba primary school. "If it hadn't been for British forces, Basra would be chaos."

Not all people, approved of the operation, however. Karim Hussein, a naval officer, said that the British had not fulfilled the promises they made after the invasion.

"They should embark on humanitarian schemes which we need, especially the projects for services and healthcare," he said.

According to the British, however, schools and playgrounds are only the first phase in a multi-stage operation that will also address water supplies, hospitals and street lighting.

Jamal Musa, an employee of the Port Authority, maintained that it was the fault of British forces that the city had poor security due to what he called overly aggressive security operations.

"They are to blame for weak security. They are attacking people rather than protecting them," he said.

Over the last few months, British forces have stepped up their activities to confront the Shiite militias which they say are the chief security threat to the city.

In May, Prime Minister Nuri al-Maliki visited Basra and declared a state of emergency to deal with the pervasive unrest, however the plan did little to stem the violence.

Operation Sinbad, according to Burbridge, follows up announcements a week earlier by Basra security officials about launching an all out effort to pacify the city and mirrors similar operations underway in Baghdad.

In addition to militias, the city suffers from criminal gangs involved in the extremely lucrative oil smuggling operations. The bulk of Iraq's massive oil reserves can be found around Basra.

Another key aspect of Operation Sinbad will be a comprehensive attempt to address corruption and militia affiliations among the city police.

"We've formed police transition teams that will go to police stations throughout Basra during the operation and monitor how well police are conducting their duties," said Burbridge.

An internal affairs department has also been established to help in the process of cleaning up the police force.

"We have to accept that elements of the police have been infiltrated by elements of these militias," added Burbridge. "We are encouraging the Iraqi police service to purge itself."

Unlike the security operations in Baghdad, however, the British are not planning on systematic, house-to-house, searches, preferring targeted operations against specific militia leaders.

In the immediate aftermath of the invasion, Basra was one of the more peaceful cities in the country, but in the last year rival gangs and militias have resulted in a spate of assassinations and bombings.

Originally Posted by shotgunsusie;The first political : : Shirwan Alowaeli government announced increases in the salaries of staff very soon

He said that reconciliation is achieved significant results and the politicians to defuse the crisis
Baghdad Safaa Hadi
Government announces increases in the salaries of staff i[COLOR="black"

n the next few days,[/COLOR] working on the operation of a large number of unemployed. This was in an exclusive interview for the "morning" Shirwan Alowaeli, Minister of State for National Security, He pointed out that the significant impact of these steps to undermine terrorism. , as well as other projects will be activated in this regard, including the draft Shahid and political prisoners.[/url]

It gives you hope

Originally Posted by Hope Full

It gives you hope

ive got enough to carry all of ya if necessary !!