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

Originally Posted by draft138

But please note that this is added at the bottom.

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

Exchange Rates

I had not noticed. Has a note such as this ever been posted before?[/QUOTE]

I think its posted when ever there is a holiday in the US Like Presidents day....

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The 4960 date February 14, 2007

Fearless capital investments in the area but not bruises Iraqi

Star miles

Consciously and fully aware of the importance of development in the lives of people. Iraq opens the door to new capital Arabi e and foreign.
Amer areas of Iraq and the considerable investment in various G7 machinery industry, agriculture, trade, mining and useless i ... While the rich and Iraq opens its door to capital. He also believes it appropriate climate for investment, which also allowed to return to where it came from. With the able pounds and Friday from dividends and interest Wye a kind of currency intervention by the capital. The doors are open to them. According to the testimony of one bank banks are allowed to Ba to deal in foreign currencies, Only then will be allowed to leave the same value with the addition of Ness by certain of the capital after tax and by Kan Wen investment especially in the area of national industry and Tfai the activities of local manufacturing industries to build bumpy s advanced industrial, The Iraqi law allows for companies and individuals Alag Anbe enjoy banking facilities. Within the limits of their "encouraging group in the Occupied Iraq Yeh and facilities in the account overdraft and discount bills and loans and advances of the Documentary Credits open and advances to the subject goods or gathering Tan Dr. government after restrictions by customs agents exporters P. Provided that these goods are imported through the opening Ala Tmadat.
Any advances granted for the payment of credits from the date of Ts William shipping documents to the consignee until a delivery of the goods customer me.

The Iraqi law does not allow for this Altshi Latt banking companies or individuals only after they enter the capital to Iraq already According to several evil Cat determined by the same law, including :
* Registration of foreign affiliates and identify capital P j registration official quarters whether the company contribution or limited.
* To ensure the entry of foreign capital, people and p n through the issuance of a certificate from the bank transferred amounts Boise Tte supported by the conversion of the space in a bank the central.

* Treats capital shareholders Arabs capital in the Companies Act, which applies to the Iraqi S44 n industrial development. Presents asked each company, institution or person other than the Iraqi Alpes Nick Central for special exceptions. These exceptions apply to foreigners who Imarso n Iraq pursuant to a term of not less than (three years or five o tsunamis), for instance. This is what the law specifies.

* There are several cases of exception to the provisions also Kalcher kat solidarity and companies involved if personal T. responsibility of the company-specific exemption provided that each of p Dou members resident in Iraq and a work which told extended law. (From three years to seven years) and after that the bank pain Iraqi Rkzi this exception.

The last question : what is the definition of the foreign company? laws which would be answered pw perfect. As a company registered in Iraq, which is most foreign capital.

The Iraqi economy has always welcomes and encourages the development Industrial This is reflected in the development of industrial projects, Lela Or 1964.

It gave the amended law more opportunities before domestic and foreign investments in industries pw perfect. And various exemptions granted to enable them to fidelity automatic need the Iraqi economy and its products wholly or partly .

Law and the development of industrial projects, which should be the most pressing stack (activated) regulates all aspects of these exemptions in accordance Ela de conditions. The completion of the most important stages in the project by the President a for machines and equipment necessary, and to use Iraqi workers and employees Yen.

The field of industrial investments, allowing extensive opportunities t the enjoyment of the various exemptions such as forgiving full detriment Eph income from the profits do not exceed the percentage determined by a for the year of the paid-up capital of the project and its duration specific. This is not all the exemptions as flexible Alaghtasse Ed Iraqi allow more other exemptions.

The Iraqi government ... Based on the laws, economy, industry, Walt the neighbor. Therefore, the promotion of industrial development in the new Iraq require the attention of the relevant activities activation mechanism Oth Ded controls performance as is the investment law Ar new Christians. Therefore, we set this option to specialists m intellectual Economy, Finance and Trade to a more the tender for the implementation of this law in spite of the Alaud ray unstable surrounding Iraq. , Which requires a revision of this phenomenon in the rest of Street Iraqi face marginal by the government whether the hike actually wanted Iraq to high development and being saws herewith rapidly established so that Iraq within group of developing towards development and progress.

And the new Iraq. Already looking forward to the capital and conventions Alaghtasse Wade and loans. , Which provides him or her with the outside.
The financial laws in Iraq, peace and civilization enjoy complete flexibility. Provide the proper climate for capital investment of foreign loans. And harnessed in the frameworks of economic development. So which the abundance of new Iraqi investment law.

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The 4960 date February 14, 2007

The prospects for the oil industry in Iraq

Murad Abdul Hadi
Classified Iraq among the nations of the world the rich oil wealth Yeh as large reserves owned by, allowing it to find its place in the field of advanced investment this wealth in industries (extractive and Altkriri e and Petrochemical Industries).
And the prospects for the development of this industry and clear to experts and Alaghtassa Diene Iraqi specialists in the oil and Alaghtasse Ed Since the issuance of Law No. (80) 1960, Done that 99.5% of the national territory from the control of Aht Karat foreign oil experts Alaghtassadio n Iraqis extensive studies on the prospects and future of China took lighter oil in all its aspects, through a number of Appter Hate to develop projects for oil and Petrokimiaoeh could Lang Azha within the possibilities of the present and future of Iraq.

The establishment of the National Oil Company at the time and still the the first organizational step to invest in oil fields digging new wells and development of existing wells by bc perhaps ready for production by the State sector without the need the privatization of this vital sector of our national economy, but Investment industry nationally by the government sector given that the oil wealth under public ownership (King WALSH the onus) may not be privatized, but invested by the States e with the major oil companies and the relevant experience the efficiency and high technology in the industry . Through the granting of construction and development drilling wells to increase only the product and the construction of a pipeline network to export ports Iraqi The export ports Syrian, Lebanese and Turkish Might j Mediterranean and the establishment of new export platforms in the waters Na integrity of the increase in the production and export of oil in proportion The large oil reserves of our country.

Besides, the domestic consumption needs of the derivatives oil continues to increase, which requires a division of Tucker saw oil in each of the provinces of the country to meet the needs of a for domestic consumption and export the surplus to the markets% pw for Mia. As the Iraqi imports of oil derivatives from d AIPAC neighboring bridge the shortfall in production over six e billion dollars annually, which can be used in m Jalat many in the reconstruction and development of projects grow Yeh new. as well as the fact that the Iraq of the countries split R. Petrochemical industries that fall in the area many come in everyday life, including chemical fertilizers The dam domestic consumption needs, including through Alast designed from the neighboring countries, it has become necessary to rehabilitate Complex Petrochemical Industries in Basra and the establishment of protected p these new industries which have most itemized m jewelry. It provides for the national economy large sums of money go You e for the importation of goods from the global markets. The establishment of M. regarding these industries and the development of producing wells and digging wells the development of new oil and natural gas industry, the separation of the the oil produced from oil wells and fields of investment Alga g natural plateau in western and extraction for a for domestic consumption and export pipeline network extending export new ports and the establishment of new export and the development of meters developed for the export of oil will all need a capital proponents of money, Other countries, and many specialized companies showing its willingness Ela had deals to set up such projects with loans and the benefits j it was agreed to be paid in annual installments e agreed the requirement to use these companies and engineers Iraqi workers to the employment of foreign Walt j Tstekadamha these companies to gain experience in SV at strengthening of modern technology in the extraction and Altker see, In the field of Petrochemical Industries. and this frameworks in place We have protected the tables prepared in the national development wells Wa the extraction and refining industries and Alpetrokimiaoui e. It will provide the establishment of such industries revenues great requires optimal use, and to fund development projects and reconstruction and providing fled Al work for the unemployed and developing services to citizens in App blood, which provide electricity and building Almejmaa T. housing and the development of health services and municipal Walter Bouët and construction of new roads and bridges within cities and the roads Foreign rapid development and tourism services in particular a the religious tourism in order to create new sources of output cascade. Lome as well as the establishment of new industrial projects in a sector for mixed and encourage the development of projects and investments for a sector of particular investment in the country. all this will depend primarily upon j extent of the State sector of the petroleum industry Aht Mamat and priorities, especially because our economy is one-sided and all sectors in which suspended, and adopt the budget Hako Mia on the oil sector for the management of the country's affairs. It is Hun first comes a concern for this sector is vital in the life of Iraqis.

Originally Posted by lucky12

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

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 $) -----
-----
But please note that this is added at the bottom.

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

Exchange Rates

Are you referencing the Exchange Rate selection...never saw that before.

I hope everyone is paying special attention to what charmed is posting...this is great news...everything we have been waiting to see in print...thanks charmed..keep it coming.

Wolfowitz takes actions to gear up World Bank for Iraq
Odious Debts - [18/02/2007]

The Government Accountability Project (GAP) has learned from inside sources that World Bank President Paul Wolfowitz is currently negotiating a contract with a new resident Iraq Country Director. This step strongly suggests that Wolfowitz intends to expand Bank-funded projects there dramatically in the near future, despite the deteriorating security situation and recent disclosures of massive corruption in "reconstruction" efforts.

This development bears out the fears expressed by senior career staff and Board members when Wolfowitz was appointed by the Bush administration in June 2005. Only three months after Wolfowitz' arrival, the Bank's Board tried to restrain his management of World Bank operations in Iraq explicitly, issuing an unprecedented directive to his office to "[K]eep the Board regularly updated on developments in the country (Iraq) and implementation of the ISN" (Interim Strategy Note, September 2005, see GAP Web site). One year later, 30-year veteran Christiaan Poortman, vice-president for the Middle East, resigned from the World Bank rather than comply with Wolfowitz's directives to prepare to increase lending and add staff in Iraq.

The unilateral appointment of a resident Iraq country director can only aggravate an already tense standoff between Wolfowitz and the Bank Board. Members of the Board have already expressed concerns about misuse of other donors’ funds in the country and emphasized to the US-appointed President ". . . the need for compliance with the Bank's fiduciary and safeguard requirements," also according to the ISN 2005.

"Wolfowitz's apparent determination to use the World Bank to further questionable American military goals in the Middle East is a fundamental distortion of the Bank's mission, a violation of its founding Articles of Agreement, and a reckless waste of donor resources," said GAP International Program Director Bea Edwards.

Appointing a resident Country Director for Iraq now puts Wolfowitz in opposition to Board members who have expressed increasing concern about the country’s deepening conflict and creditworthiness. Although the Board did approve a limited loan program for Iraq of U.S. $500 million in September 2005, funds were not approved for disbursal, as of December 31, 2006. Disbursement was contingent on "critical progress in several areas important to IBRD (International Bank for Reconstruction and Development) creditworthiness, including security and external debt-relief," according to an internal memo from December 2006 (See GAP's Web site). The required progress has not occurred. Currently, regular staff travel to Iraq is prohibited, meaning that lending operations cannot be properly monitored.

To date, the Bank has relied on Iraqi staff based in the country, meetings with Iraqis outside the country, videoconferencing facilities in Baghdad, and long-distance supervision from the Interim Office for Iraq in Amman, Jordan. The current director for Iraq, Joseph Saba, is not a resident in the country – due to World Bank stipulations detailing terms for re-entry into a post-conflict situation. Instead, Saba manages five countries from Washington D.C.

Unlike the current director, the soon-to-be-named country director will exclusively manage Iraq for the Bank and will be stationed in Baghdad, according to inside sources. Wolfowitz first floated the idea of a resident Country Director and staff in Iraq in May 2006, when optimists in his office predicted greater stability as 2006 advanced. But the past year has seen an increase in violence, and the Bank's lending and staffing plan remains unchanged.

"In fact, the Bank is prohibited from operating in a conflict like this," added Edwards. "In the simplest financial terms, there is no functioning banking system, the government does not control its territory and it cannot guarantee loan repayment. Any emergency or social funding in Iraq should come from donors’ grants, not loans."

To engage in Iraq, the World Bank must justify reconstruction spending on economic grounds. If the conflict is ongoing, and the government is unstable, this cannot be done. Even assuming that the conflict ends soon, which no one is predicting, Bank Procedure 2.30 ("Development Cooperation and Conflict") stipulates that, to operate in a country emerging from a conflict, the Bank must prepare a "watching brief," develop a transitional support strategy, begin transitional reconstruction, then begin post-conflict reconstruction, and finally return to normal lending.

World Bank management under Wolfowitz has not taken these steps. Naming a resident country director and sending Bank staff to Baghdad, although no solution to the conflict appears likely, signifies increasing disagreement between Wolfowitz and the World Bank Board. The Board representative for Germany has long opposed any increase in Bank activity in Baghdad. His government is worried about staff safety. In addition, poorly monitored "reconstruction" projects will constitute a lucrative new source of income for corrupt officials who are party to the ongoing conflict.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3190

Originally Posted by mountaingirl

The Ministry of Immigration distributed among 100 thousand dinars Immigrant s secretly




العراق الاخرى قريباً .
The Ministry of Migration and Displacement distribute grant G7 Les ministers in the governorates of Anbar, Basra and Dhi Qar M. With Leysan distributed in other governorates of Iraq soon .



.
According to a statement of the ministry received (people) a copy of that pain Nah amounting to 100 thousand dinars had been distributed in the provinces of mentioned while awaiting distribution in the other governorates. within the next few days through branches Iluz Are nationwide.


.
The statement indicated that the families have been forcibly displaced and Co e this grant distributed as follows : 15 thousand and 20 families in the Begg Dad and six thousand and 185 families in Karbala and seven thousand and 15 0-1 family in Babylon and two thousand and 350 families in Diwaniyah and S. Teh thousand and 650 families in Najaf and three thousand and 100 breadwinner e in Maysan and six thousand and 150 families in the Wasit and A, p 600 Aela in Muthanna and three thousand and 800 families in the Dhi Qar and 7 50 families in the Kirkuk and four thousand families in Nineveh, five e thousands of families in Diyala.




Translated version of http://www.ahali-iraq.net/payv/index.php?option=com_content %26task%3Dview%26id%3D2181%26Itemid%3D30&langpair= ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

THERE IS THE ANSWER TO WHETHER THEY HANDED OUT ANY MONEY OR NOT.

Economic expert : Asking the market economy to become a force

.Khberaghtassadi confirmed that Iraq is qualified to become a Sena consciousness of the great economic potential material if funeral planning for the transition of the economy Alacht do you have to a market economy. وقال ية ".He said Dr. Hamdi Daud / member of the Center of Studies and Alph % pw economic in Baghdad : "Iraq suffered a great deal from Altdhorfi side Alaqet Sade especially in the 1990s and so far, despite its mineral wealth of Africa and the many. " He added : "Iraq could be the strongest in the Middle only the center in the next five years provided that the offending Tolon, the decision to develop a sound strategic Lalla Nangel of the economy to the socialist market economy and uh j is of the utmost importance. " واكد .He stressed : "The privatization and Alastthmarkhash regarding Balaema t and the development of infrastructure and the establishment of factories task% pw b to be a priority for the Iraqi government with the necessity of move to transfer to the private industrial sectors of% Al conditions for the Atvchl state. " He pointed out : "need to develop the private sector to play an important role in etc. Sakhsh, study and attract foreign investment to push the process Altenm Yeh Industrial in Iraq to the front.
جريدة المواطن العراقية

SORRY IF POSTED, BUT I GOT SO EXCITED I COULDN'T CHECK FIRST, LOL

الأسواقTo enhance the value of the dinar is chaos in the markets

ي.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. فيما ة.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 the fall price exchange rate to what it is right now for fear of their Khasa Er. and citizens wonder about the feasibility of a monetary policy the new adopted by the Central Bank of Iraq view to enhance the value of the Iraqi dinar and strengthen the exchange rate front the dollar, 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 citizens n that the drop in the dollar exchange rate in the circulation market did not take the required range in the buying and selling, 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. ولفت 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 Ath either lift the price of "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 (m Employ), "was supposed to coincide procedures Central Bank Iraqi efforts to improve the status of Iraq's dinar j and increase its rate of exchange with measures to support attempts to prevent a for buyers and traders from the exploitation of these procedures to increase a Rbaham. " وسأل .He asked about "the 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. " AIPAC Economists eroded 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. واعتبرئة.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%.

WOW, sounds good because of the mention of the rate changing, but the part in red, has me a little confused, well the title in general had me confused, what sort of chaos?
جريدة المواطن العراقية

Originally Posted by kiko

THIS ARTICLE IS WAS FROM TODAY ON IRAQ NEWS AGENCY AT THE TIME: 9:53 AM.

LINK ISN'T WORKING, BECAUSE ARTICLE DISSAPEARED!!

ARTICLE WAS WITHDRAWN!!

HERE IS ANOTHER LINK:
Kurdistan MOT

http://translate.google.com/translate?u=http%3A%2F%2Fwww.iraq4allnews.dk%2Find ex.php%3Fsec%3Dnews%26act%3Dview_news%26id%3D16693 &langpair=ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools
its still there. try this link.