Thread: Iraq/Dinar News. before Febuary 2nd 2006

In the budget for the new Iraq - conciliator spring requested 10 agents and 30 Ministry director general, which has only three rooms in his ministry
The news has been added on 1-21-2007, 1:53

In the budget for the new Iraq - conciliator spring requested 10 agents and 30 Ministry director general, which has only three rooms in his ministry

WAI-up reports

One of legislators in the Iraqi Parliament said about increasing the budget allocated to the vexing national security adviser Muwaffaq spring, which increased by 100%. Mr. Al-Sunaid : The conciliator Alrobie wants 10 agents of the Ministry and 30 post of director-general in his ministry at the time had only three rooms in the library and inadequate for all these people sitting there. At the same time government officials say they have made considerable effort necessary to be more transparent.
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Translated version of http://www.iraq-na.com/index.php?sec=news&act=view_cat&cid=1

Even budget Iraq divided on the basis of sectarian-fears of corruption and the controversy over the compensation of a religious nature
The news has been added on 1-21-2007, 2:8

... Even budget Iraq divided on the basis of sectarian-fears of corruption and the controversy over the compensation of a religious nature

WAI-interpretation and preparation Chlan Qaisi

Spontaneous discussions acute during the discussion of Iraq's budget for the year-2007, and the budget debate in a country with unusual circumstances is not easy, as uncertainty surrounding many of the items in this proposed budget, which contributed to the increase of public distrust between ethnic groups in addition to the many doubts about the ability of the government of Prime Minister Nuri al-Maliki for the management of this country.

Dedicated almost two billion dollars from this budget to the agencies or institutions, others are subject to the supervision of the central government, while rejecting the international donors give money do not know their destiny.

The possibility of bad dispel these funds is very high. As more of these ministries receive funds worth millions of dollars under the "social benefits" without any controls soon.

In a copy of the report of the Iraqi budget, amounting to 41 billion dollars obtained by the Los Angeles Times, there are some funds allocated to compensate the families of those who were killed or imprisoned days of the late regime of Saddam Hussein. Have had this item backed by the Shiites attack from legislators Sunni Arabs, who threatened that they Sidinoa each spending plan and loudly unless these awards also include prisoners who have violated by American forces in Abu Ghraib prison, who were killed in American military operations since the fall of Saddam Hussein's government in 2003. He said Alaa Saadoun member of Parliament from one of the Sunni blocs : "If this law had not changed we will not vote in favor of the budget.

Budget Iraq bore Panevagat additional otherwise of the possibilities, some of which are sectarian meanings, in addition to the materials that vaguely worded spending has surprised legislators Iraqis themselves. The Al-Maliki had asked them to quickly ratify this budget.

But even close political allies of the prime minister raised difficult questions about the proposed budget, which increased by 21% compared to last year. This budget does not include eight billion dollars allocated to ministries in the past year that have not paid them one dollar so far on reconstruction projects in various parts of the country because of security concerns. No mention money contributions donated by the international community. And the authors of the budget of Iraqis had complained that they simply can not get the true figures of external assistance, for example, how has Washington in support of Iraqi Agriculture.

The budget is expected to be funded at $ 30 billion in oil revenues, and about one billion of taxes and rounded eight billion dollars last year, said Maliki do not want to pay all the income to pay government salaries, "We want to encourage investment - especially in the electricity and oil."

Several observers, however, played with the question of reconstruction, and said that it is impossible to exchange each of those funds amid armed conflicts daily and banditry that is spread from eight provinces and cities in the country's 18 provinces. The overall deficit was also a factor in the failure to disburse the funds allocated. Many of the key ministries were unable to spend the allocated budget, which resulted in the waste of money on the grounds of expediency.

Security forces have received the bulk of the proposed budget Iraq. As the annual expenditure of the Ministry of Defense, has remained on the same case, about four billion dollars, while the financing of the Ministry of the Interior with a Shiite majority, which oversees the police, will rise by 25%, from the apportionment of two billion and 600 million dollars. This means that the strategy for this year is military and not economic.

The budget appropriated multiplier, which is $ 200 million, of the Ministry of Foreign Affairs under the control of Kurdish, to increase the payroll to the embassies, nine times what is universally acknowledged.

Education and health spending are more than 50%. However, the government will spend six million dollars to address the urgent problems of families displaced, the same amount allocated in the past year.

One Shiite lawmakers said on the increase in the budget allocated to the vexing national security adviser Muwaffaq spring, which increased by 100%. The official said that Mr. Al-Sunaid : Rubaie wants 10 agents of the Ministry and 30 post of director-general in his ministry at the time had only three rooms in the library and inadequate for all the people sitting there. At a time when government officials say they have made necessary effort to be more transparent ...!

Nearly two billion dollars of the budget expenditure to non-specific about Iraq's debt payment in addition to the ration late already from the people and financial subsidies to the provinces, but most officials say. That money will be allocated without the foundations for disbursement. He said on behalf of Sharif : These specialties are tainted by ambiguity and lead officials to embezzlement, we want to allocate funds to the provinces affected, but how can we fight corruption Governors of the provinces. The legislators questioned funds "social benefits" that can be exploited, by the Minister of honor Mentsbihm.

The proposed budget allocated $ 126 million to religious institutions, Shiite and Sunni equally, and $ 230 million allocated to the victims of Saddam Hussein's government. This is the point around which raised questions. Will that the institutions created after the fall of the regime would cover all those affected, whether they were from the former regime, or as a result of the occupation and the militia. These include the institution known as the martyrs, prisoners lost in the former regime, and how the money will be spent.

He said Salim Abdullah al-Jabouri : There is a big problem in this subject, those who have suffered damage and who are prisoners and what amounts of money allocated to them, and how will spend this huge amount of money. ?????

But the government with the Shiite want this operation budget by whim, which is that the budget does not give importance to the population density, but to how many of these citizens have been harmed by the former regime. How they can cut those suffering?

http://64.233.179.104/translate_c?hl...s%26id%3D10783

SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATES
at Jan 20, 8:04 PM ET


President Bush's decision to send more U.S. troops to Iraq, it becomes clear that Gen. Eric Shinseki was right all along. In February 2003, weeks before the invasion began, Shinseki, then the U.S. Army Chief of Staff, testified at a Senate hearing that "several hundred thousand soldiers" would be needed to pacify Iraq after the early rounds of combat.



More Info Here: SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATE - Yahoo! News

Did not go back and see if already posted but just in thecase it wasnt here you go

Central Bank Governor: This year's budget focused on increasing investment in Iraq
Translated by IRAQdirectory.com - [20/01/2007]


Dr. Sinan Shabibi, Governor of the Central Bank, said that this year's budget is an investment budget because it focused on increasing the size of investment.

Shabibi said that the Central Bank's role is to treat the imbalances resulting from the development process that will produce changes in the basic economic structure.

He pointed out that the task of the Central Bank is to achieve development in a stable monetary environment through utilizing all means and policies to achieve economic stability, intact environment and moderate inflation rate.

He continued: "Our relation to the budget is to preserve its resources, through fighting inflation".

Stressing that the Bank had made several measures including raising the exchange rate of the dinar, which had an impact on the budget through affecting the purchase capacity of the government; this impact will increase through dealing with inflation.

Shabibi added that: this policy will increase the confidence in the dinar, which will pull some of the money to the banking sector and rationalize the government spending because of its impact on inflation.

He indicated that this action will reduce the prices of imported goods such as the private sector imports and the government's imports for development that come from the conversion of the Iraqi dinar to the dollar.

He added that while this policy weakens the ability of the government to buy the dinar, it strengthens the Iraqi dinar owned by the government.

Pointing out that the bank wants a means to affect the economic and monetary policy by making the dinar valuable and powerful.

I really like the last two sentences!!!

Announcement No.(846)

D.G. of Foreign Exchange Control

The 846 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/ 1/21 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1300 -----
Auction price buying dinar / US $ 1298 -----
Amount sold at auction price (US $) 50.755.000 -----
Amount purchased at Auction price (US $) 500.000
Total offers for buying (US $) 50.755.000 -----
Total offers for selling (US $) 500.000 -----

Originally Posted by neno

SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATES
at Jan 20, 8:04 PM ET


President Bush's decision to send more U.S. troops to Iraq, it becomes clear that Gen. Eric Shinseki was right all along. In February 2003, weeks before the invasion began, Shinseki, then the U.S. Army Chief of Staff, testified at a Senate hearing that "several hundred thousand soldiers" would be needed to pacify Iraq after the early rounds of combat.



More Info Here: SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATE - Yahoo! News

The only thing this lady is right about is her argument that they should "not cry over spilled milk". Her statements that Iraq is a lost cause are just her own bad opinions. Nice to see such honest journalists that can offer facts, as opposed to pointing fingers and name calling.... Oops sorry I'm mistaken.

Following the same patten so far 0 8 5 0 8 5

Just like to thank all those who took the trouble to respond to my question on whether a currency needs to be internationally traded before WTO membership. I quoted Vietnam as an example as they became a member of the WTO but don't have an internationally tradeable currency as yet.

Going through the info provided by various posters, there still isn't a definite link/article that states a prerequisite of having the currency traded internationally before gaining WTO membership.

Once again, thanks to all the posters who participated in the discussion. I couldn't respond to individual posts as the other thread was closed. Cheers.

Originally Posted by neno

SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATES
at Jan 20, 8:04 PM ET


President Bush's decision to send more U.S. troops to Iraq, it becomes clear that Gen. Eric Shinseki was right all along. In February 2003, weeks before the invasion began, Shinseki, then the U.S. Army Chief of Staff, testified at a Senate hearing that "several hundred thousand soldiers" would be needed to pacify Iraq after the early rounds of combat.



More Info Here: SPEAKING OUT AGAINST WAR IN IRAQ IS TOO LITTLE, TOO LATE - Yahoo! News

More yes but several hundred thousand? The Powell doctrine says this regarding troop size: "the force, when used, should be overwhelming and disproportionate to the force used by the enemy". Based on how our troops rolled over the Revelutionary Guard and the Iraqi Army I'd say that worked. After that all that really had to be removed were the militias and Al Qaida. Some say Sadr's militia is 20,000 some say 8,000, Al Qaida had 4,000 to 15,000 either way I'd say 135,000 troops compared to those numbers qualifies as "overwhelming" and "disproportionate". But when you have enough troops and you don't use them properly, ie seal Syria's border to prevent new fighters, attack supplies coming in from Iran. If they did that then they could say what Powell said: "Our strategy to go after the Army is very, very simple. First we are going to cut it off, and then we're going to kill it." We didn't cut it off so now it's harder to kill it.

Sunday, January 21, 2007
1 Iraqi Dinar = 0.0008051 US Dollar
1 US Dollar (USD) = 1242.10 Iraqi Dinar (IQD)
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Median price = 0.0007323 / 0.0008051 (bid/ask)
Minimum price = 0.0007318 / 0.0008045
Maximum price = 0.0007323 / 0.0008051

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