Thread: Iraq/Dinar News. Before Feb. 21, 2007

Morning talk
.If the purpose of the modern state is to improve the level of M. living people, the meaning of this goal include increasing their ability to access the goods and services that improve the living. ().(Some may want to add the spiritual or religious, and Alacheroi side, but this is Mbhtha another).

.This could increase the ability of two ways : first, the provision of services, especially to the people free of charge by the father has such as medicine, education, security, and second, increasing purchasing power of citizens. ال .Newborn today on the second.
:Increase the ability of citizens purchasing several ways :
The first route : the allocation of a fixed percentage of each citizen's share of the natural wealth e for his country, in our case it is intended that the oil. .This natural right of the citizens, unthinkable, Perhaps we could research this option and the feasibility study applied without negative or complications.
.The second way : improving employment opportunities for the citizens, to facilitate the process of providing work for them, whether in the public sector or in the private sector.
.The Third Way : improve the salaries of civil servants taking a Altdkh m and the purchasing power of the national currency and needs A. upon into account when calculating salary.
.Road IV : solidarity and prevailed, It is a process of re-distribution of wealth Almoat Nene, when they can not get them to work, or at the inadequacy of the work they are doing to bridge the Ahtia Jethm to ensure them a dignified life, while noting that the phrase "decent life" absorbed relative h as much as they are measured decent life based on the conditions and Alao lost actual community, the situation is changing from time to time. ".And we will be by the words "to the extent that dignity."
:Social security on the following equation :
-Karamah = volume of real income need
.The Commission for the calculation of a competent state dignity in practice Yeh per person, which includes the cost of housing and dining , transportation, clothing, education and health. .Could this figure be consolidated at the national level , or vary according to regions and provinces, that being reviewed annually, in addition to calculating the rate of inflation.
:When calculating the actual income in the equation above, will appear in three cases :
.First : the income limit equal dignity. .In this case, the citizen does not deserve anything.
.And two : where income is less than the actual extent of dignity, In this case, the social security system blocked the teams from public funds. ."This is not a favor from the government or the ruling, but e and the right of the citizen in public money. Based on the Quranic verse that we want to employ the system of values of Islamic in this area : "In their right and deprived of the means."
third : the actual income from a higher dignity, Here, the citizen does not deserve Social Security; But thinking can impose taxes upward to the surplus ( any difference between a dignity and real income) in a D Ruse scientifically, the
.To register for these taxes Guarantee Fund Alajtma to watch.

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FROM TODAY:


The news has been added on 2-18-2007, 9:53

... Iraq : to enhance the value of the dinar is chaos in the markets
Baghdad-Adel Mahdi life-18 / 02 / 07 / /

Economic circles criticized the Iraqi case and less chaos Pak, which dominate the market. due to the decline in the dollar exchange rate against the Iraqi dinar. j. With the traders to refrain from dealing with the dollar they prefer to calculate their goods and wares of dinars of high price that was in place before retreating Ass R. exchange rate to what it is right now for fear of their etc. Soupcon.

And citizens wonder about the usefulness of monetary policy seriously handheld adopted by the Central Bank of Iraq in order to Taiz Iz value of the Iraqi dinar exchange rate and strengthen the father and Laar, if faded mechanism which obliges dealers in Her Seoul s local currency exchange rate mechanism, without any arguments driving some of the merchants and vendors, a for those who have the habit of bargaining citizen in determining the price of goods e and goods, according to achieve the desire of the seller.

He noted that citizens retreat of the dollar rate of exchange P j circulation market did not take the required range in sales and purchase, and as it seeks monetary and financial institutions e. As they must coincide procedures in this area with other measures designed to curb any attempts to circumvent possible changes in the dinar exchange rate change pw of high against the dollar.

He trader electrical appliances in the Karadah ( Central Baghdad), Hisham Abdel Wahab out that the retreat in the exchange rate of about $ 1290 dinars paid to the calculation of the rate Bad The lifting of price Ath <dollar> or increase the price of Ba the Iraqi dinar. He added that he expected the purchase price of the new new to avoid any loss that might be attached thereto.

He said Mohamed Zaki (1)> was supposed to coincide measure T. Iraqi Central Bank aimed at improving the position the Iraqi dinar and increase its rate of exchange with supportive measures e attempts to prevent dealers from exploiting this only to increase their profits did not yet>. He asked about <feasibility of the policy of the Central Bank amid chaos dominating the Iraqi market, inflammatory and prices for commodities and goods, especially that only some went to the wrong calculation of the prices of many commodities, cards such as a cell phone prior payment and commodities manipulation many supplied in the form is not based on economic logic>.

Economists pointed to the possibility of chaos, in the event there has been a substantial change in the dollar exchange rate, due to the absence of legal accountability for any delinquency - Malu P by merchants and vendors, what requires work diligently and quickly to curb such delinquency in the event of occurrence. Experts regarded the confusion in the market Ar jackets led in many cases to problems in the circulation of a for goods resulting from differences in the determination of prices of goods and Elbe lost, after the exchange rate of the dollar against the Iraqi dinar at over 15%.

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Please excuse if previously posted. Thank yoou.

Bank urges Islamic country ahead of competition coming from abroad.

Baghdad-Sabah
.The whole head and members of the board of directors of the Bank of the country, Islam j noted that the banking sector in Iraq needs to be reformed and rehabilitation. .The promise of a special law the Central Bank and other Bal banks and private banks subject to the instructions sectoral of the Central Bank right step Pa to achieve the goal of development.

.He said board member and managing director of the bank, told High ( morning) : But these actions came by the Ministry of Finance hoarse since the ministries dealings with the bank, Rafidain and Rashid other banks, governmental and violation of the law that does not costing hinder the development of private banks and limiting the Nchataha. .He added that the lack of a financial policy with the policy of economic calls for the establishment of an institutional body to be responsible the Department of the economic process in a scientific and modern e. He said : The procedures Central Bank to raise interest rates to 20 % will contribute to increasing inflation, at a time when providing investment environment contribute to attracting capital the funds.
He wondered about the fate of the economist law Alastthma R. approved by the House of Representatives after amendments But it has not been published in the Official Gazette in order to be effective. force. .He pointed out that there is a need to provide security investment climate This helps to lure investors to bring in funds pw refined to be invested and this requires the creation of requirements Alerah e investors from hotels, tourism and banks able to rate and Il projects to be implemented but remained the need to s Unwin system or facilitate the process of financing the amounts and stop quickly allegiance high. .However, the state relies on a single bank is the (TBI) Otv Ti credits to him.
..The economic expert warned that Iraq is on the verge of father empowered to the World Trade Organization that conditions shelf p restrictions on the entry and exit of capital. .Most laws at odds with this procedure. .And he reiterated : The banking sector is still very tired because of Toe drain fled bank which left the country to escape a the conditions experienced by the country as well as by States pain Jaurh provide attractive salaries to attract, He stressed the need to create banks to face the future x thieves investment and must give them the opportunity to Tto R. and involvement in many of the courses in Dah l Iraq. .He said : The Bank of the Islamic country is now undertaking Bedouins R. large numbers of personnel in the field of scientific capable Might j cope with the challenges of the coming competition.
Member of the Board of Directors Director High said : also Bank country Islamic banking institution Iraqi e works in accordance with the provisions of Islamic Sharia has been sucking a shelf made tremendous progress in all areas of banking and followed a unauthorized systems and the methods applied art world banks Oh. ..He added : strive to be the leading Islamic banks in the region Yassin the issues are economic and social development in a the markets in which it operates. .As well as the capabilities of human development, He pointed out that most of the world believes in Iraq province great for development and business development. .He emphasized that a working group comprising Bank of skilled people in pain disbursement and commercial banking experience using a according to the universality of sophisticated techniques, In regard to the future vision, he said : we seek to occupy the leading position, such as the Islamic world board G provides the best products and services and maintains ties Sitra Tejeh for excellence in the field of banking competition Islamic.
.He added that the bank's capital talk of incorporation of 25 millisecond Ardinar Iraqi distributed over 25 billion shares, the value of shares per One dinar, The nominal capital of 50 billion Iraqi dinars, as one of the leading financial institutions that are keen to j that played an important and effective role in the advancement of the national economy Iraqi through funding for the projects development. .He pointed out that the bank is providing banking services e different current accounts, savings accounts, admission investment deposits and savings and the opening of Ala Tmadat credits and the sale and purchase of currency and the issuance error now security, local and foreign remittances and the Visa Card soon She oversees the work of the bank oversight body legitimacy. .He concluded economic expert to say : The banking sector in Iraq, both in the government and it private banks need to rehabilitate and develop and support from Qubb told the government to make it able to compete next Qubb for foreign banks that are willing to enter investment d Iraq breached if the security conditions and the availability of starting a heavy T. ages.

Presidency renew support for plan
Baghdad, 18 February 2007 (Al-Sabaah)
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The presidency council has announced its support for Iraqi Prime Minister's government and for the security plan which entered implementation phase last Wednesday while the Iraqi president Jalal al-Talabani confirmed that Moqtada al-Sadar had given the Iraqi government the green light for arresting any violator to the law, describing that as a positive position to as-Sadar.

A statement issued by the presidency council on Feb 16, as-Sabah, received a copy of it, said: the council held on Thursday a joint meeting headed by the Iraqi president Jalal al-Talabani, attended by the Iraqi Prime Minister Nouri al-Maliki.

During the meeting held at the headquarters of the Iraqi president, means of discussing the current political situations, particularly, the security plan in Baghdad, whereas the council had expressed its support for the prime minister support and for the security plan, expressing his hope that the desired results of the plan will be realized soon.

Sunday, February 18, 2007
Labor organizes conference on microcredit Wa the community rehabilitation (report)
Iraqi national-Luna / local / Constitution / held by the Ministry of Labor and Social Affairs conference newspapers

Oh, to shed light on the projects sponsored by the Aloza danger project, including small loans and rehabilitation of the draft community.

At the beginning of the conference welcomed in the Media Advisor visited e Labor and Social Affairs Professor Abdallah prosecutor Lamy praised the media and its role in the transmission of the truth and exact details of the Iraqi citizen with respect Baram c and achievements of the ministry in the operation of the unemployed and programs pain Sharia small. then, Dr. Riyad Director of the Labor Employment and Vocational Rehabilitation of the nature of the work in a With regard to the introduction of new operating centers and Tahe l train unemployed through programs developed and there is land G7 training centers and training programs popular Ath Na work.

Dr. Riyad announced that 950 thousand registered unemployed P j Service has been working to find jobs for (200) thousand unemployed m record also been granted the unemployed network insisted subsidies social and add new projects is a project cascade.

Rud small one funded centrally from the state and the second what is a community-based rehabilitation and is financed since the 1995 until the year 2000 by the ILO's father Les With respect to the financing of small loans will be exporters P maintains industrial financing mechanisms such loans according to Z The armpit and conditions and instructions then spoke Director Dr. success e Service CRC on the project, which the low - Ahitajat special that the draft reached the villages and Allaria P

There are currently 100 projects in the Babil, Karbala and Nineveh hour been extradited loans and begin work this week and Dr. Saleh reviewed the success through a computer pictures of models representing people with special needs who Astva born of the loans and projects have succeeded in their chosen k their occupations such as carpentry profession cattle and other uh Nak 100 diverse profession and the possibilities as the developed and qualified Ate.

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IT'S ABOUT TO BEGIN THAT ECONOMY!!!

Economic : the general features of the budget in 2007

Faced with Iraq since the fall of the previous regime, many problems n explain to the wrong policies pursued by the so Alenda m Among these problems is the ambiguity of the Iraqi state budgets. e and lack of knowledge of its terms of the most concerned issue only Qatsadi what created a state of complete uncertainty

All the details about the process of building the budget and in particular on revenue, Given this situation and after the change that happened was to be begin the process of reform and correction and return to the only counties and international standards applicable universally building Iraq's financial budgets.
.Budget 2007 came in the President of the basic directions from which direction to correct Maeant budget Aloa Or earlier, which emphasized the importance of enhancing the search for Aira new Jae of the state and develop some revenue sources only affecting the resource taxes, that was the way to reap tax or quality, , as well as the development and open space for the private sector's ability in terms of enacting laws that help in its work added e support through soft loans, as well as organizing the frameworks for the circulation of goods and services imported into a the Iraqi market, as well as the reorganization of customs laws in line with the protection of local products and to be able competitive.
We all know that the Iraqi economy SINGLE whom I Enb any adoption of this economy on oil revenues Chairman of the State Treasury, financing, and so that we can strengthen and maximize revenue, as reflected in m it was offset in 2007 have had to turn to the development of the private oil in a bid to expand and develop its productivity and thus will be able to strengthen and increase revenue tires, which can therefore be directed towards investment expenditure Actually, in various projects to add to the product later pain Hali, the total income and make greater diversity in airplanes births instead of dependence on oil unilaterally, side, Another came by the budget is to reduce support Hako mi way to guarantee the waste of resources add the j individual citizen to make a product rather than a person darkly da dependent on the state and in everything, and the stimulation of work creativity and thus create additional resources to enhance and maximize Air births society and the state, the most important and visible in this budget that a confirmed explicitly on the importance of the role played by Gata p sector in the country and to coincide with that importance must Taiz Iz capabilities and potential of this sector and continued support of through activities (banks and conferences) and the laws (facilities and exemptions and the elimination of red tape because Jazz dealings) and support (soft loans and the rot infrastructure work-related trade and development Almassar q) With respect to reduce public spending by the state except l paragraph operational expenditure Here we find the resolve of the budget Might j reduce this expenditure as stated contrast, we find the promotion and the growth of investment spending, These are all good indicators strengthen the overall capacity% pw Has society towards economic reform and the establishment of a for a proper and correct way to build the budget rules, the other important results of the budget in 2007 is the large increase in the proportion of the apparent growth of services compared to the general Makant in 2006 and the Alma evil addition to the indicators mentioned by giving the embodiment Yeh to this budget, as well as the motive for the community to deal M. p nurture a way that guarantees the best results later and But we must Annse that all of the contents of a trick if not e Nak security stability as a pillar of the economy TNT based in any country is the security and stability Almp Nee feeling and sense of trust to be Astthm Are by society or the state, the current and future M. n Here, we find it necessary for every citizen in addition to the appearance e should cooperate to strengthen security and stability, particularly a n government professor Maliki presented a security plan to strengthen the the stability in the country and the duty of everybody to join efforts are for the success of the security plan because success means only Stekarar and therefore that the security and safety in the bad to de force of blood in the arteries of the economy and the rotation of a wheel to produce the elimination of unemployment and downsizing and reducing Altd poultry This means economic recovery and increased prosperity Almejt with the lifting of purchasing power and improve the supply of goods and the activity of the commercial market and the elimination of Mia mutual poverty and the high level of per capita income and more Alast Security increased commercial movement in the country and a variety of Massad R. income and revenue which opens new prospects for the economy too the hands and solid and neither one-sided but varied falls Cem Regrettably tributaries sectors of the economy from industry, trade and agriculture and

Sudanese transferred to Egyptian officials Iraq's P j opened the doors wide economic between the two countries of brothers

آخر تحديث: الأحد 18 فبراير 2007 - 05:25 GMTAnother update : Sunday, February 18, 2007-5:25 GMT

Dr. Hassan Abdel farmer Sudanese Minister traders e Iraqi country's desire to develop economic ties e with Egypt, which opens the doors to a very large men Egyptian businessmen and companies to invest in Iraq of through the new law on investment, which was Teh government of Iraq and approved by the Iraqi Parliament.

He added the Sudanese during the meetings by the General Raja the Egyptian told that Iraq needs the experience of Egyptian in the field of investment and the economy being cut Shaw ness in this area and the priorities of the Iraqi government T. summarizing in solving the problems of housing and other problems related to foundations the infrastructure of the Iraqi economy, in addition to the support and encouragement of a for the private sector, He added that the invitation is open to all businessmen disclosed n to invest in Iraq, whether privately or burden t formation of economic blocs.

The Iraqi minister pointed out that Iraq has the potential He has enormous economic important sources of energy and become pain Talub to cooperate businessmen and companies with Bshvavi e clear, a new interacts with the data work in the Ar pw new, allude to the possession of his ministry for many competitions related contracts to supply the components of the ration card which Ka n Egyptian companies to attend during the previous stages e.

On the other hand, met with both the Sudanese Minister of farmers e, financial and investment projects in the headquarters of the Ministry of Finance Egyptian were discussed during the meeting ways of cooperation traders j and economic cooperation between the two brotherly countries.

stressing that the Iraqi economy is able to regain its strength because he is in possession of the material and human resources added e to possess many of the elements capable of Banna automatic new infrastructure in the Iraqi economy, and, adding that Iraq needs to reconstruction in Chit j walks of life since the Iraqi government was determined to b remote all Iraqi cities and civilized forms of urban grandfather handheld keeping with the times.
Meanwhile, the Finance Minister said that his government Might j fully prepared for their assistance to the Iraqis will pw echoed in the implementation of their Arab and moral door the ailment all facilities to them both in qualifying and knowing the subject b cadres, and provide technical aid in all Alakhtassa Sat.

At the same Yazh The Secretary of the Minister of Agriculture sucking Ri, that the Egyptian people and government interact with the concerns of many Iraqis, expressing full cooperation with the Ministry of Trade and ministries other Iraqi stressing on the existence of a common desire to enhance these relations The upgraded to the best of the presence of common ground Tsao d in the growth and increasing trade exchange.

As Mahmoud Mohiuddin, Minister of the Egyptian investment has Ak d companies and businessmen to seek the Investment in Iraq, at least in the areas security e experiencing stable militarily and politically.

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The 865 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/ 2/ 18 so the results were as follows :

Details Notes
Number of banks 12 -----
Auction price selling dinar / US $ 1285 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 43.240.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 43.240.000 -----
Total offers for selling (US $) ----- -----









D.G. of Investments

Daily price Bulletin buying and selling Sunday 2007/2/18

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1285.000
1283.000

European Euro
EUR
1688.105
1687.260

the opening of a center for businessmen in Baghdad International Airport

In order to activate the investment and attract investors.

Baghdad Haider spring At the opening ceremony of the status of businessmen sponsored by the Chamber of Trade and Industry Iraqi American, current and on the ground Baghdad International Airport.

he had talked a for Mr. Stewart Benales. the engineering team of the Civil The airport, praising the efforts of Professor Omar Raad, Executive Director of the Chamber of Commerce and Industry in Iraq Yeh American, what you are doing for the reconstruction of Iraq, said : This Center will be honored as this economically Alpes Lid ancient, abounding with many economic, but b the need to assist in various fields, especially in the bin uh infrastructure, and we wish to offer assistance and bring countdown the hands of the owners of capital to invest,

It is important to tell the world that Baghdad and Iraq is the door WAS Eh investment, We saw and witnessed, including the people of Iraq, this a for a country that is seeking to obtain various types of knowledge, especially m a regard to technology, setting his wish all the best for Iraq. Executive Director of the Chamber of Commerce and Industry in Iraq Yeh American Raad Omar said : Our goal has always sought to build an orthodox economic told a shaken by any storm, however powerful,

But in spite of that we achieve something modest, established room where three exhibits, Iraq promised a source of pride for the opinion of many economists, The idea of establishing this room edifice Economic a the global Baghdad International Airport, is for the development of the economy in Iraq. so by creating all the requirements of businessmen. Iraqis and foreigners,

Here is today, the Iraqi trade bank opens a branch here at the airport, all of this in order to build a free and sophisticated We hope that this center, a wide door for the development of genuine and comprehensive in the region. we promise you, and we strive to offer the world in pain flying, and it will be a big economic demonstration.

Mr. Majed Michel, Director of the Center businessmen at the airport in Baghdad said : The purpose of establishing this center at the airport, In building the occasion, to find is all that is important and vital for businessmen. to contact the Internet service and express mail, The service businessmen traveling through Baghdad Airport international The promotion of foreign investment programs in Iraq Witt seabirds in the Baghdad International Airport, and facilitate the establishment of a for conferences governmental organizations in the center of businessmen.

He added : The Chamber of Commerce and Industry met Iraqi American % pw management center businessmen in Baghdad Airport States j, for its experience and knowledge during more than three years, and the fact that more than 7000 members, helped to join more businessmen of j BC BIAP The owners of the companies of businessmen.

They were eager to attend this great event, in order to increase economic activity among them. The owner of Gasouwae came to the airport, seem enthusiasm through the desire to know everyone, definition and his company, as well as others, Everyone is trying to build the Iraqi economy on the basis of tuberculosis Banquet. that this blessed day is not a normal day, but the birth of a new Happy, It is good for all Iraqis, because the Chamber of Commerce and Industry Iraqi American, Permanent members that conditioned them always, all that is new and useful, in the free trade area.

And on the sidelines of the opening of the center. Scored one Khatrth under the title of hope came when Baghdad a : In our journey to the businessmen, the road was blocked, what we had to be Nstakl another route, but the road is more dangerous than the former, Despite this challenge all the risks on the road tomorrow Ed / airport.

there have hope that the chaos must end. and that peace, security and stability should return whatever the passage of time, Baghdadi back and smile to the faces, which narrowed the ways. And moved from the periodic inspection to another until we reached Almeta t, But I was on my way to the businessmen saw pw Ded citizens to leave Baghdad, those transferred to Otta n stability of Iraqis in Amman or Syria, escapees from the spiral of violence in Iraq. this frustrated a lot and I say that there is no hope.

After the destruction, the streets also destroyed. then we entered directly to the businessmen, , which will be opened today (February 6th) attended the guests, The delegation invited the representative of the ministries, The civil administration of the American Engineering Corps, The large crowd of Iraqi businessmen, The session began with the definition and its place, He spoke in this regard, Professor Raad Omar, Executive Director of the Chamber of Commerce and Industry in Iraq Yeh American, and Professor Michael Magid, Professor Eric Nye, Professor Joseph Hardan. Speaking after the official spokesman for the Corps of engineering a the American,

He highlighted the importance of the project and its position in the Baghdad Airport, while we find that there are many businessmen spoke the difficulties facing their work, It was in the forefront of group security, and the absence of a forum for Iraqi businessmen. They said that the chamber's significant role in holding forums,

It is the most important (forum today), which operates on a permanent basis. There were a number of officials in the Iraqi government T. Amendment to the media, as saying : The work of the chamber Jabbar, especially in this economic forum, We value the role of the chamber. Despite all the challenges, work continued, It works for the sake of Iraq, We would like to work to create all necessary supplies e.

The forum was a very distinguished and minor listen to talk p n the economic and trade transactions between the present Yen, and there was also foreign companies, In the opinion of many of the managers of foreign companies that Iraq the richness of the trade and economic, not to mention that the Iraqi pay very different, it (paying cash), and we want to invest in Iraq.

In many sectors, we are here today to interact with the private sector pw of high, and we are very happy in the gathering today, We thank the Chamber of Commerce for inviting us to this place, We hope to be always successful in their work. But after the meeting ended and ended our trip, we found that there is hope in Baghdad in order to survive and Lay u is a natural and continuous safe in our homes and Aemalen a, Therefore, the businessmen would give us prosperous Ler as he toured the words of many visitors who h Droa opening.

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Sunday, February 18, 2007
The Ministry of Immigration develop a new plan for displaced families
Iraqi national-Luna / local / Constitution /

she said the Ministry of Displaced Persons and Migrants branch in Baghdad consolidated themselves m promoting secure transactions plots to Almahaj Rain returns, a source in the ministry said that plots Hajrin distributed to returnees, a source in the ministry said that plots will be distributed to migrants returning as Alotha Ek evidence proving the immigration system at a time Elsa pw,

He added that the Baghdad branch of a new plan of action adopted on the basis of Wallace. Tvadh from the experience of previous years and has been the source continued, Put a new plan called a drift has been implemented Meda Nya after providing all requirements for success Here is where the activity section to receive the auditors Witt COLEACP transactions for the different groups on the other hand said the pain a branch in Baghdad took the necessary measures for the distribution of m Nah Prime Minister (100) thousand dinars for each family of pw Wael displaced through the collection, sorting, checking files such a to the families.

Translated version of http://www.wna-news.com/inanews/news.php?item.3936.4


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