Thread: Iraq/Dinar News Before Febuary 12th, 2006

Originally Posted by Raditz

Announcement No.(856)

D.G. of Foreign Exchange Control

The 856 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 2/5 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1289 -----
Auction price buying dinar / US $ 1287 -----
Amount sold at auction price (US $) 52.275.000 -----
Amount purchased at Auction price (US $) 250.000
Total offers for buying (US $) 52.275.000 -----
Total offers for selling (US $) 250.000 -----

Hello everyone. Sorry I have been away for a while. Many good thngs have happen to us in the last few weeks. I realize there are differences of opinion about the removal of currency from the economy, but given the 70% inflation rate that has been posted, I continue to feel the CBI has been/is continuing to remove large amounts of currency from the economy which is exactly what they should be doing in this situation. We predicted last Novemebr that this position would be supported by a “drying” up of the currency due to demand and and the fact that the CBI has not sold any appreciable amount of dinar since November. Soft evidence suggests that banks and dealers are finding dinar harder to get and the street value is over 20% more expensive than the offical exchange rate. A very unusal situation in the world today. Removal of currency from an economy is a textbook intervention to deal with inflation. What makes it difficult to accomplish is that most countries do not have the resources to remove currency. Iraq apparently has the wealth to accomplish this. We have at least one reliable report that inflation is now around 30%. We will need to confirm this with other reports. But if true, then the monetary interventions by the CBI are/is being effective. However, since monetary interventions take a while to move through an economy, any reduction of the inflation rate at this time would be due to interventions by the CBI during 2006, meaning we still may not being seeing the full effect of the dramatic reductions in the monetary base that has taken place since November 2nd. So look for better inflation rates. I think we will continue the theme that a reduction in the monetary base is what needed to happen and is a monetary intervention that the CBI has/is continuing. Exactly what we would want to see in an inflationary situation and prior to a bold adjustment. We still have a currency that is undervalued and an artificial rate that lacks purchasing power for the iraqi people. Supply and demand factors will continue to operate and demand may continue to advance since the currency is approaching a 13% increase in value. All of the world now nows about this rise in value. When conbined with the political issues, HCL, FIL, WTO membership, Budget, and the unexplained payment of 52B to the world bank, these factors taken together places us in the very best position we have ever been to see this currency rise and rise fast, i.e. bold adjust. Thank You.

A press release on the approval of the strategy is not usually

(Voice of Iraq) - 05-02-2007
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The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Monday 2 - 5-2007

The strategy for the reconstruction of if Planning Ministry agreed to implement a project to control Qala consciousness water cost $ 429743

Received the approval of the strategy to re-PROVISIONAL t in the Ministry of Planning to implement a project to control the type Yeh water cost $ 429743, The project includes all of Iraq's provinces, including the Kurdistan region and the implementation period of one year Aat Parra of the 28th of the month of December for passion m past.

A delegation headed by the Ministry of Planning agent technical P j meeting to prepare a plan of action for implementing the project, which was held Lqa seen from the 28-29 of the last month and the presence and participation of the visited e Municipalities and Public Works and the secretariat of Baghdad in addition to the delegation M. n Kurdistan.

The aim of the project, which is funded from my organization WHO UNICEF Ttoiro to control the quality of drinking water and sewage.

It was agreed during the meeting on the following :

1-Tjhir eight mobile laboratories to control pollution of pain Yeah and distribution of three laboratories to the Ministry of Environment and Mkhtb R. One of the Secretariat of Baghdad and one laboratory to the Ministry of the Environment in Kurdistan.
Follow-up of a comprehensive survey of water resources in the four pw Avdat by technical specifications.
3-Rehabilitation of some laboratories to control the pollution of my pain uh, in terms of securing the necessary supplies or expand a for buildings or repairs.
4-conduct environmental awareness campaigns in eight provinces and include about 400000 people, including the training of trainers outside the Bel d-esteem and their investment for the completion of the mission in Iraq.
5-holding training courses inside and outside Iraq to develop inequalities technical workers in the control laboratories p I contamination of drinking water and sewage for more than 113 0 technicians specializing in this area.
6-study proposal to expand environmental laboratories building in Mv ??? by specialist from the Ministry of Environment and specialists in a for systems.
7-buying and processing integrated system to link with the laboratory the relationship with each other for the exchange of information to control e on water quality.

On the other hand, continue to work on the preparation of the environmental realities P j in 2006 and includes the monitoring of the reality of the case of industrial activities and service and the sources of organic pollution and defect diagnosis, but Nharavat Baltassarev raised liquid and gaseous and adverse effects and actions taken by the the concerned ministries in question and follow-ups of reality for the advancement of environmental Iraqi

A press release on the Minister of Trade to provide

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Council of Ministers-the governmental communications
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A press statement / Press Release
Monday 2 - 5-2007

Trade Minister confirms that the provision of ration cards Altmo Yene of the hot areas of the priorities of the work of the Ministry Walt j citizen will pay specific and suffering from the crisis P j offered


The Minister of Trade, Dr. Abdel Hassan farmer Sudan j that the ministry adopted new mechanisms since the beginning of the year a to overcome the current problems of the past and the stage the start delivering items ration card for citizens In all regions of the country.

He added in a statement to the Sudanese Media Office in a the ministry that the first month of this year have achieved results positive good vocabulary included the delivery of a positive R. Afqatha Ashakalat simple tried to overcome in a month to achieve this, the second after the vocabulary led us to the most M spokesman country.

He stressed that the hot areas now are priorities uncle told the ministry where we are working in coordination with Messrs. Almhafezi n and the provincial assemblies on the delivery of ration cards Walt Moineh to our people through the search for carriers of the sons of those areas or merchants are contracted with them P Laurie and urgent.

And Acharalsid minister that the oversight of Commerce Wa the inspection began an extensive campaign to detect instances of manipulation Pa for quantities or refrain from processing, He pointed out that the ministry hopes of our people to assist Kuo leveraged ministry and reported cases of the defect in order to participate everyone in the delivery of the food basket to all our people.

Recorded presentations sale and purchase of dollars from the World Bank to the central Iraqi big rise as the volume of demand 10 one million and 510 thousand dollars against 65 million yesterday, a for the first.

Such purchase orders between 15 million and 110 thousand States R. cash. and 86 million and 400 thousand dollars in the form of remittances outside the Elbe Lid fully covered the bank exchange rate amounted to 1292 dinars m Nkhvdha three points on the exchange rate yesterday, the first of 1295 d Pipeline.
Conversely meeting yesterday witnessed the highest bidder for the sale of the dollar fell for more than a year, where the banks participating in the 14 auction bids for the sale of ten million dollars bought Elbe Nick fully exchange rate amounted to 1290 dinars.

A press release on the Minister for Trade and government delegations a

(Voice of Iraq) - 05-02-2007
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Council of Ministers-the governmental communications
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A press statement / Press Release
Monday 2 - 5-2007

Minister of Trade, a government delegation headed significantly to activate bilateral agreements
With South Korea

Chaired by Dr. Hassan Abdel farmer Sudanese Minister of refuge danger, a government delegation included Minister of Construction and Housing, and purchase of various ministries on a working visit to South Korea to activate bilateral agreements and the signing of the joint p Li new conventions.
He directed by the Sudanese delegation to Seoul that Alajt Maat joint meetings for the period from 10 - 6 in the month the current contract included meetings with the Iluz lari on agreements and conventions of audit bilateral and suitability of a new Iraqi and Elbe he urged the new agreements serve the movement of trade and economy in both countries.

He added that the Iraqi delegation had a working paper special Iraqi those talks include new frameworks to put those Alatv Agat and start a new page of bilateral cooperation 976977 left.

He continued that the Iraqi delegation carries proposals also include a to take advantage of the Korean expertise in the fields of industry and the economy, agriculture and also the potential contribution of the trap Korean investment in the coming inside Iraq and benefit the investment law, approved by the Iraqi Parliament a good.
The Sudanese new measures include the activation of machines Vakat bilateral relations with many countries of the world in the step the purpose of the economic and trade relations M. p many countries of the world.

The adviser Governor of Basra today, Thursday, it was Lang presentations tiling Haifa Street in Umm Qasr cost of 142 million dinars. Meanwhile, the head of the local construction company to a local I have this week, the implementation of the tiling in the streets the city of Qurnah cost of 385 million dinars.

He said Ihsan Abdel Jabbar adviser to the Governor of Basra : , "a local company was able to complete tiling in the Haifa Street N. Acheh Umm Qasr (60 km) west of Basra and 3-km-long and cost of Age financial amounted to 142 million dinars. "

He explained that "the Basra governorate serious coverage of all regions construction projects in the province has drawn up plans and Lester Atijiat to implement new projects during 2007 ef I think the purpose to demonstrate the form in which the city of Basra Il by forth. "

For his part, the head of the local reconstruction in the province of eyes, "a local company began early this week b the tiling streets in the district Qurnah (100 km) north of a ophthalmologic a total cost of up to 385 million dinars. "
He added that "the process of flooring covered the streets of the Interior to spend and length of seven meters. "

He pointed out that "there are projects Aemarih witnessed districts The aspects of Basra governorate within the plan for the development of the Non Lela Or most of the current service and health. "

Most districts, and aspects of Basra governorate of negligence large in the quality of services provided to citizens with weakened adding mostly to health centers and schools and paved roads and overall things service

The Ministry of Municipalities is a basic design of the new costing Karbala

(Voice of Iraq) - 05-02-2007
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Monday 2 - 5-2007

The Ministry of Municipalities is a basic design of the new costing holy Karbala
The free hand

The Ministry of Municipalities and Public Works assessment Lhasa Cea new to the holy city of Karbala and a free hand.

She said the appeal return Hussein / Director of Planning urban ministry in a press statement that the design Wallace Lacey new focus on the investment side in the process of a to update and the religious and cultural features of the city.
It added that the selection of the design was based on the approvals bodies of Karbala Governorate Council and representatives of Ja with Karbala and the Chamber of Commerce and maintain a selection of Almsau Lin this regard.
She pointed out that the ministry had created room bench representatives n for all of the constituencies in order to mature the sectoral work and Taka fulfilled all local actors with the International Center for Abha w Technical and assigning work through the provision of information and Allah Sa'at reports and studies required by the process of a to update
It is noteworthy that the process of modernizing the basic design new transmit the World Center for Research technical implementation

Baghdad Secretariat announced that the cost of projects implemented by the

(Voice of Iraq) - 05-02-2007
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Council of Ministers-the governmental communications
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Monday 2 - 5-2007

Baghdad Secretariat announced that the cost of projects implemented by the change seabirds municipal services
In the labs hit nine billion and 429 million dinars.

Baghdad Secretariat said that the cost of projects being implemented by Al the development of municipal services to the labs within plots e geographical municipal districts on April 9, Meza faith in 2006 amounted to (9429410000) nine billion four hundred and twenty-nine million, four hundred and ten thousands of dinars.

The press office of the secretariat of Baghdad that this referred Regrettably, the service was essential to provide the best Khadma coordinates for the people of this region, which witnessed large for negligence the years that will be implemented in collaboration with e hacked Services Baghdad inhabited region.

The office added that further payments were paid reached limit now (91500000) and one million five hundred ninety a Crystal dinars in the budget year (2007) and that all these 976977 Quadrennial herself on projects of water, sewage and flooring and Cleaning and agriculture.

He explained that the cost of projects involving water hit (in 8141 0000) Eighty-one million, four hundred and ten thousands of dinars and included the rehabilitation and maintenance of a complex water-Amari the old and the completion of the shortcomings of the new water project Amari uncle to strengthen the link to secure raw water pipeline to the Almejm G old and the new in sufficient quantity in addition to the removal of Walt Jaozat Alerbattat and irregular lines of the Alma automatic crude.

The Bureau noted that the one of the projects of water turnover u Bakat water net shops (771, 772, 781), in addition to the shops is not within the area Els family (770, 772, 774, 775) and Mahala (777).

He added that the project also included the implementation of water networks pain purchase of the net for the (dunums Amari, Sami Alaurvli orchard and farming village) among our Fe to the rehabilitation and maintenance of the agreed liquidated card (50) m 3 hours belonging to the Ministry of Municipalities and Public Works and buzzing and amendments to the service.

As for the sewage has been prepared designs for the implementation of a written sewage with rainwater Mchba Street may loom for (77) the section of the cemetery of Christ j drain (the road to Baghdad-Baquba old) and under only that person and the design of the crisis of the sewer system and Mchba kat labs through the rain to the reality outside Bouheddou d Baghdad Secretariat in addition to the proposal to establish a station for the treatment of M. Yeah independent sewage disposal of the water to the river d nights.

The Bureau stressed that the largest share of his specialties Settlements region went to the bandits, who hit Almchari p for this sector about (8750000000) eight billion T. and the 700th and 50th million dinars after having been prepared pain Sohat and designs for the maintenance of road networks and implementation.

The plan included the preparation of the additional disclosure of paragraphs Almut for him to clothing and rehabilitation through coefficient (Baghdad-Baquba the old), and (11) of kilometers in addition to detect shape read on
Addressing the old road and the injured include (but hydrogenic kick affected by the road, endangering the asphalt layer).

The bureau said that the plan also include tiling the streets of internal to the Amari Mahala (777), quantity e (7000) m 2 and the implementation and development labs through from the point of control the direction of the fuel station in addition to the work being currently in the design and implementation of street viaducts within President j within the secretariat of Baghdad.

As for the municipality April 9, it of course and within the framework of the plan 's to develop the labs where an amount (598 000000) five hundred and ninety-eight million dinars Wida P them (91500000) Ninety-one million five hundred and a Crystal dinars has been disbursed so far in the current year (200 7).

Included in exchange for services rendered to the development of revival (Al, Albauih, Hosseinieh, Alshaaoura, freedom and elite).

The Service also the municipal division of the labs s I nominated the area before the section of drainage the second area behind the drainage and the development of the Municipal Center (No. 7 8), responsible for the residential neighborhood shops maturity of 770, 772, 774) neighborhood Batoul (783, 781) Al-Nasr (773, 771) the Amari (777) and the orchard with Sami include the drain behind my proposal of creating the position of Allah blood areas (Albauih, market Ekeli, dignity, Husseinieh), which expires at the tourist street.

The Finance Minister will meet Governor of Basra and confirm the

(Voice of Iraq) - 05-02-2007
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Monday 2 - 5-2007

The Finance Minister will meet Governor of Basra and emphasize the most important Yeh optimal investment of the budget in 2007 and give the role revenues for the private sector to contribute to the process of reconstruction Watch Gil labor Iraqi
Mr. met Finance Minister Baqer Jabr Al-Zubaydi wiped out with rude Basra Muhammad Misbah Alowaeli were discussed during the meeting projects to be implemented in the province, where, clothing, including streets and the construction of schools, rehabilitation of 976977 Quadrennial The governor pointed out that this year will witness the establishment of the largest m Scheve in the southern region according to the specifications Higher e, which will provide services to the people of the southern region e.

For his part, Mr. Minister the importance of Bal service projects of interest to citizens and contribute to the sense Yen reality of living with and enhance the security situation and pw Arar in the entire province, which is considered a gate to Iraq world.

The minister stressed the importance of investment for the optimal balance in 2007, and giving a distinct role for the private sector to contribute P j reconstruction process and the operation of the Iraqi labor .

National Olympic Committee decided to ratify the facet selfish

(Voice of Iraq) - 05-02-2007
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Council of Ministers-the governmental communications
Media Relations
A press statement / Press Release
Monday 2 - 5-2007

National Olympic Committee decided to ratify the facet topical sports federations for 2007

The National Olympic Committee approving a facet topical sports federations to 2007, This came during the second meeting held on insults T. past.

The budget was distributed sports federations, as follows :


T. sports federations amount
1. Football 1,750000000
2. Basketball 500000000
3. Volleyball 500000000
4. Handball Championship 500000000
5. Boxing 500000000
6. Wrestling 500000000
7. Swimming 400000000
8. Blasphemy 300000000
9. Bow and arrow 200000000
10. Taekwondo 350000000
11. Judo 300000000
12. Jamnastk 250000000
13. Athletics 650000000
14. Off the plane 250000000
15. Dueling 250000000
16. Shooting 250000000
17. Riding 400000000
18. Table tennis 300000000
19. Tennis 300000000
20. Motorcycle 350000000
21. Weightlifting 500000000
22. Chess 250000000
23. Billiards 150000000
24. Squash 150000000
25. Special Olympics 150000000
26. Karate 200000000
27. Bowling alleys 150000000
28. Kick Bocksng 200000000
29. Alciko analyzed and corroborated 150000000
30. Physical force and Benaoualajsam 200000000
31. Triple 50000000
32. The Almlawah 50000000
33. School Olympic champion 210000000



Also during the meeting was the nomination of a number of committees which six PEOPLE functions of the Iraqi National Olympic Committee e for the advancement of sports at all.