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

Economic: Parliament economic breakthrough towards a strong economy and M. evolution
13.02.07
Contrary Reza Ayub diamantaire

Since the fall of the previous regime in 2003 and the beginning of Altjazba T. political parties to the transaction between the country's political , the idea abut always a great deal of Alahmi e and important to the future of Iraq, but the circumstances Els Aceh, which

The country is going through and the non-completion of the political process to make Tani reserved advocacy of this idea, Now, after the completion of the details of the political process and also provided k and an elected government four years to complete and create a the government security plan, which will lead to a stability for security and, God willing, to coincide with that plan in one Mfa connectivity is the economy, I am now in the implementation of this idea that I call upon all brother uh of the university, the private sector, industrialists and agricultural and traders, businessmen and civil Almejt with civil theme of the World Economic and central and the World Bank and any possible international to be advocate for the Conference as well as the government, represented by Bozart Plat Et, transport, finance, trade and the economic e and representatives of the parliamentary economic committee to convene Iraqi Economic Conference first constitutional, this conference will be the basic unit annual fill Tmralaghtassadi which will be building ideas of basic and agreed upon by all of the steps Original Ahh the country's economic foundations and the drafting of the start of that, etc. Tat, as well as how to activate the investment law through a for research and development to diversify the sources of funding and Alastthma R. thus consolidating the financial and economic capacity of the affected Iraqi yams and propelled the economy towards diversity and the the development direction of strengthening and enhancing revenues and a cumulation the capitalist system, To complete the importance of the economic conference must set Wei there is a vote of the annual plan by the presence of Almetm t interaction with the annual budgets of the government in addition to a the interaction with the investment law, and thus ensure harmony in the the process of economic reform and advance understanding of the free the clarity of ideas between the government and the private sector.

Through this conference are elected parliament Alaghtasse The lead role of loyal friend and expert in the practical His advice, free of charge (a fee or function) to the government and the government, to lead the transition to a Bolivia market properly and correctly and reflect the aspirations of the cat ray sector and the civil society in building the Iraqi economy is capable of to meet the needs of the community of goods and services in a sophisticated and of high, the government must give this parliament Marron e high in the ability to meet the concerned resolution political in the country from Mr. Prime Minister Wen The heedless and the Ministers concerned in any matter for the ef Anbe economic or hinder his work and regarded as Alashkh Aass important (VIP) to facilitate access to decision-makers political and legislative.

The importance of the role played by the economy in the society can disagree and say two of Imam Ali (p) when what he said (if the poverty of a man killed) reflects a cousin Eka of the impact of the economic aspect of society and its importance va poverty here means unemployment and unemployment means lack of resources financial and the lack of financial resources mean human energies Mat him and deviation from the social behavior and customs prevailing and rampant crime, From this perspective to tell the humanitarian Imam Ali (p) Okt you through practice and Maiani community of the poor the services are in the presentation and the type of goods provided by Shot origins for access to what is the situation different now

The width and the type of goods of the highest Almenashie with the highest Anu ray services and Pklv low reiterate my call for the convening of the conference Economic and get through to the following benefits : -

I said that the parliament and Economic Conference will be Wallace AS for the formulation of sound economic ideas of all interested persons are agreed that the terms of the agreement is important to start any process and give strong incentive to creativity and work.

Two government will hand specialist in the economic aspect, reflect the aspirations of those concerned in this regard is agreed e for the government and thus the Parliament Alaghtassa de adviser employed by the government and free of charge.

3, we will provide the effort and we will of the world Siag e new and sublime in dealing with reality in the sound foundations and clear.

Four enhanced confidence of the international community in Iraq, especially if The conference indications including the ability to formulate ideas Wa the programs and plans for the transition towards the Iraqi economy a Bolivia market and promote the welfare of the citizen.

5 that the State-oriented market economy must Yek won the supervisory role of the state rather than prescriptive and Hun a conference will be of Parliament and the economic role Pra Oud leadership in the economic process with the government, including Eh the welfare of the citizen.

From the foregoing, we find that the sophistication of thinking, creativity and work the Itim only through innovation means leading to the present Promoted to ensure the best results and even belongs to prove a first and to the world that we deserve this second change K1 for Nkhrs mouths that want to undermine Iraq and the Iraqis must offer what is new in the drafting and Altvki R. What is capable of excellent addition to the humanitarian and not pain Atmer and Parliament's economic cornerstone and strong because divorce going in the Asian economy to a new style Almtmi g has its impact on the global economy and this sense any Ada call on the government represented by the President of the Republic, Mr. Prime Minister, to support the idea of a conference of the hand material and place only and the second aspect of pain Atmer of invitations to dignitaries and preparing for the Met

Over will be the responsibility of the preparatory committee be renamed later a brotherhood of economists concerned about the Alaqet Sade on the grounds that the private sector represents all details of God and conciliation.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&page=37

Economic: Economists are calling for the flow from the Parliament retaliated Valley National

They said that the government should be allocated in order to eliminate unemployment and support the security plan
Baghdad-Haider spring
12.02.07

A number of economists to establish a Parliament (economy j) take on the burden of making the country's economic policy and contributing to the enactment of laws and legislation that could promoting economic reality in Iraq and the elimination of the failures faced by the (economy),

As well as the development of plans aimed at eliminating idle e, The search for additional sources support the state budget and not relying entirely on oil imports.
He asked the government to expedite economists to call the convening of a national conference to which all the economists of the Aka Demein and businessmen, industrialists and experts. so the starting point for the emergence of this parliament.

They pointed out that the conference was a commitment to support the Alagh Tsadi in the security plan called for by President rap purchase of Nuri al-Maliki, the outcome of the economic commissions would efficient Beso great danger to the stability of security, through the elimination of the unemployment crisis, which it regarded Ko Theron primary cause of security disturbances, according to specialists in the economic aspect.

The economic expert of the Iraqi Center for originally h economic Manaf jeweler, readiness and a group of economists to adopt the idea and the call for the convening of such a conference if asked to do so by official a.
The jeweler said : there is a lot of the reasons for the request to this (Parliament economic) and came in the forefront of those only insult lack of a clear economic vision of the government, and the absence of a clear understanding of the economic, political parties and blocs of Mr. Sey, This depth of the problem to include all sectors are T. without exception from, as well as the need to develop sector of% Al vision of the economic reform being player of the Statute that process.

He adds that there is a set of goals to be achieved through a to determine the most important basic economic problems e work on them in short time steps and the true, as well as a vision for economic reform to all activities cascade. Tao sector and building sector imagine what must be the public sector as well as identifying sources of funding and local Alakulai Mia and international, Construction and identify priorities in terms of sectors Alaghtassa he had to be initiated (as determined by the impact of direct citizens such as housing and the other services general).

He also pointed out that one of the objectives of the conference to form a committee of those Wan link between the departmental and regional councils and insisting stack, the private sector and working to clarify ideas Alasla h Economic approved by the conference and ways of implementing Problems rent a way that guarantees the best international standards Wa the efficiency in performance.

Regarding the work of the Parliament Economic jeweler said : The parliament also planned and will be the link between Almetm R. Economic and government, the Parliament and the Commission Alaghtasse Wade in the Cabinet. as the representative of the Parliament Economic and expressed his Waller Eh economic partner is essential to the process of origin Ahh economic well as working with the government to take the resolution A/54/L.59 felt that would directly affect the operations of the transformation to a market economy and the development of the whole process Alaqet Sadeh to ensure the organization of resources and provide better services to the community and the Least sunspots, as well as work to sustain Alatass the research on an ongoing basis on the international financial bodies Witt Fail to cooperate with those bodies through the catalysts had requested N. investment and create a common understanding with the T. you also attend the exhibitions large and contact Ba for international companies for the best technology a for those used by the companies that could be exploited in building projects with world specifications and provide services usage Why level of society, This is in addition to the completion of the draft guide commercial and industrial The banking and service to be helpful to investors and the Iraqi foreign alike in facilitating the access to the ef hee required to deal with them.

The jeweler of the objectives of the parliament is the economic work to find radical solutions and quick for the Eradication of Abata a full economic vision through Decree e Therefore, It called on the government to expedite the convening of the Alma with because this is a commitment to support the security plan, and all the government's plans to promote the country received Sadia.

The idea is to stabilize the security
For his part, Adnan al-Kinani importance of holding such Thus Met times at this particular time, As of this conference was of great importance are in favor of fee the features of the policy and the national economy and the Iraqi Andhajeh and to make it economical able to compete with the rest of the economies of pain spot, through the conclusions of that conference, or (Albert the Man) of the ideas stemming from the experience of economic minds P j country ...

Kinani said : the idea of a national economic conference, which Parliament the idea stems from a constructive, objective and scientific, It must be open to all invited experts economy Yin and all must contribute in fueling this idea for Ti converted from the principles and ideas are in the process of creating economic structure e wholesome for Iraq.

Also there should be plans and programs to improve the situation a the economic in Iraq, and working on the development of the role of the private sector and the development of landing R. Kalsunaih and other commercial, tourist and other .

He added : Kinani I think that there should be a meeting with the Economic Commission full membership so as to bring the Conference actually endorsing, The idea is to crystallize this task in the establishment of security and uh j harmony with the whole security plan called for by visions S. ministers. Kinani stressed the importance of sponsoring this conference Wa State n provide all the requirements of his success, and invite him interested in the economic sector in Sha converted. And all cooperate in the success ... And to be in the Co loyalty to the homeland, first and foremost, irrespective a to consider the affiliation ... When we hold conferences and symposia to discuss the issue of what he We have a duty and convicted important and vital role in supporting the aspiration of all ideas come and the government.

The conference aims at restructuring
Restructuring of the Iraqi economy
Economic researcher Bassem Jamil Antoine Deputy Prime Ath Ed Iraqi businessmen, The idea of a conference, believing it to the performing visions S. about Iraqi economy mirrors can promote competition and by country residential and service would be offered through the m n ideas and opinions are in favor of eliminating the suffering that the economy, particularly the problem of unemployment and revitalize the rest of the cat lighters productivity. He said Antoine : The conference aims to bring together all the skills and competencies economic academics and businessmen, industrialists and experts for the purpose of restructuring the Iraqi economy and the development of six Ratejeh of economic reforms take into Alaattab TR orientation towards the market economy and openness Haki Afterward to the private sector and the responsibilities involved Each y maintains, ending the stage in the economy totalitarian ideology Oh, practically, Antoine stressed the need to set priorities in resolving Almshak told the country's economic and foremost solution of the unemployment problem state and the interdependence between them and the current crisis seignorage n intractable, and ways of reactivating the productive sectors of the economy in the forefront of the national industry for both a in private, as well as working on the development and revitalization of agricultural production Witt ample supplies grow and fill the vacuum of significant progress in a for the local market, and stopping the indiscriminate flow of goods and imported goods agricultural and industrial, and rid of the Iraqi economy, such unilateralism in the a full oil rents on what might pose a the phenomenon of the risk on the state budget fluctuations in a holders of oil prices worldwide.
All of those things could be achieved through the Vital The national address these phenomena and other works on the support of a the scheme aims to promote economically.

The elimination of unemployment
The most important objectives of the conference
Abd al-Shamari, the president of the Iraqi Industrialists referring to the importance of expediting the convening of the conference because of its over Dodd positively in the eradication of the scourge of unemployment, The President considered that the cause of the disturbance security situation j (in the words of al-Shamri).

He emphasized that the objectives of the conference aimed at reviving the economy a the Iraqi and create the greatest possible job putting the cat ray sector to contribute effectively, in supporting the policy Alaqet R Iraqi As of this sector of great potential in supplying that Alagh caught capacities and capabilities, as well as support Mizani e State. Shamari said : there is a lot of the goals conference seeks to achieve and putting on the table the Iraqi Parliament to discuss ways of Ti Qiqha, One of those objectives is the constant pressure on the government to activate the economic role in the country as a pain moved first and most important in the eradication of terrorism through with the Jath to the unemployment crisis. also he will ask Congress to build an industrial base and agricultural e, tourist, service and will work to build such facilities with suspicion l mirrors to contribute to the progress of the wheel of the Iraqi economy to the before briskly and deliberate addition, the Conference will the maintenance of infrastructure (laboratories and all a Other service organizations), making it comparable to the findings of Yeh scientific progress and technology in the countries of the world a for advanced.

He pointed out that the conference Shamari seek to establish N'Daw T., conferences and seminars in order to build rights pw on the basis of high and modern concepts to be able to promote survival this is the new Iraq.
The Shamari said that the parliament that will emerge Economic the conference will work to develop ideas of economic and sent to the national parliament for consideration and discussion a.

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Economic reports : Governor of the Central Bank :

This year's budget focused on increasing the volume of investment in Iraq
The Iraqi Media Network

Dr. Sinan Shabibi Governor of the Central Bank b the budget for this year's budget for the investment they Donna Zt Ziada the size of the investment.
And Shabibi said that the Central Bank's role is dependent came imbalance resulting from the development process, which would% Majd from changes in the economic structure are basic .

He pointed out that the work of the Central Bank is to achieve development P j stable monetary environment in the interest of all means and policies to achieve economic stability and invoked the environment straight and moderate inflation rate.

He continued : Our budget for the preservation of resources a, and will be achieved through combat inflation.
Stressing that the bank had several measures including R. parity exchange rate of the dinar.
He pointed out that the impact of this action on the budget devoid of l impact on the purchasing power of the government, There will be increased by addressing inflation.
He added Shabibi : Such a policy will increase the confidence dinars mm a will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation.
He indicated that this action leads to a reduction in prices of commodities importing such as the import of the private sector and the import of the government of development that come from the conversion of the dinar Iraq j to dollars.
He added that this policy at the time weakens the ability of a the government on the purchase of the dinar, it strengthens Aldenarabr Christians were owned by the government.
Pointing out that the bank wants as a means of affecting policy economic and monetary policies by making the dinar a valuable She was uh.

Translated version of http://www.alitthad.com/paper.php?name=News&file=article&sid=23590

Retirement : the new law includes retired before and after 2006
(Voice of Iraq) - 13-02-2007

Baghdad / Suha Shekhli
The Director-General of retirement to cover all suffered renewed guys new retirement law, which provides Bahtsa 80% of his last salary, both the pensioner has retired before 2006 or after history thus denied the circulation of news pointed to a n the new law does not include retired before 2006.

He renewed told (long) that the statement in some Als implied danger to the imprecise terms and the face of truth, He pointed out that the new amendment to the law on the retirement still before the parliament for ratification.

He explained : The circle of retirement participated in the preparation of the paragraphs of the law again, stressing that the body that extended committees of this is the detailed information of the previous laws and subsequent to that effect.

He continued : The new law patron of the circumstances undergone by Almetek And so, faculty committees charged with preparing the Schmognerova for all retirees might enjoy the new law, district w retirees includes new and old.

In the same context, the source authorized by the Ministry of Finance told (long) : the new retirement law that is still on the table of the Council of deputies did not approve it until now, stressing that all what the press is merely a guess AT inaccurate.

He pointed out that the ministry would provide retirees endorsement the House of Representatives on amendments to the new retirement Agan l happening.

Sotaliraq.com

The Iraqi Central Bank longer plans to reduce inflation
13.02.07

A source at the Iraqi Central Bank that the bank was Kh Tata to reduce the rates of inflation, which amounted to about 70% vacant for the past year because of the high prices of oil derivatives Yeh tenfold.

The government Mozantha identified in last year's contagious l inflation does not exceed 20-25%. "The consumer price index rose 70% modified b the reason for the rise in the prices of oil products and electricity Akt t 80%. In the event that an exception energy, the index Sitroah between 30 and 35% only.

The increased price of fuel, for example from 50 dinars 400 dinars after the removal of government subsidy on fuel gradually the equivalent of less than a dollar in 1300 we t, the majority of major petroleum products backed Gov Mia since the former regime.

The stop government support one of the recommendations of the IMF international, which calls for the application of a program of economic reforms By 2008 prior to the approval of the abolition of the 80% Iraq's debt to the creditor nations that are not members of the n led Paris.
Faced with this escalation in prices. when the Central Bank to increase the interest rate to 20 % after it was 8% beginning in 2006
Scored another intervention by the Central Bank in December 2006.

The 862 daily currency auction was held in the Central Bank of Iraq day Tuesday 2007/ 2/ 13 so the results were as follows :
Details Notes Number of banks 16 ----- Auction price selling dinar / US $ 1288 ----- Auction price buying dinar / US $ 1286 ----- Amount sold at auction price (US $) 79.030.000 ----- Amount purchased at Auction price (US $) 2.000.000 Total offers for buying (US $) 79.030.000 ----- Total offers for selling (US $) 2.000.000 -----

Project to help Iraqi banks modernize lending techniques
USAID - [12/02/2007]

The introduction of credit officers in two Iraqi banks is strengthening customer relationships and streamlining loan processing for greater profitability, according to the U.S. Agency for International Development's (USAID) Izdihar project.

Following technical assistance and training from the Izdihar project, two Iraqi banks have introduced changes to establish more dynamic relationships with clients.

The banks recently created credit officer positions that combine a set of professional responsibilities previously divided among several departments. The creation of these new positions represents a major shift in the relationship between bankers and their clients. Individual credit officers will be responsible for building loan portfolios, analyzing credit risks, recommending credit extensions, overseeing repayments and serving as the borrower's relationship officer for the lifetime of the loan.

This is a crucial step in moving towards cash-flow based lending. Through a number of courses and direct professional assistance, Izdihar has equipped credit officers with the tools required to discharge their new functions.

Both banks are founding shareholders and members of the Iraqi Company for Bank Guarantees (ICBG). Established with technical support from Izdihar, ICBG is a new institution created and owned by 11 Iraqi banks to facilitate access to funding for small and medium-sized local businesses and to support the development of a modern cash-flow-based small and medium-enterprise (SME) lending industry in Iraq.

According to Izdihar's announcement, the introduction of credit officers helps improve customer service by streamlining customer relationship responsibilities and by facilitating the smooth processing of the loan guarantee applications.

In addition, the move takes direct aim at a second goal of the ICBG – enhancing bank profitability – by focusing credit officers on building sound, profitable SME loan portfolios.


http://www.iraqdirectory.com/DisplayNews.aspx?id=3137

Obviously much more going on behind the scenes....that we are not aware of considering Parliament is suppose to be on vacation until March 1 (OR ARE THEY)...Those sneaky Iraqi's...!

Iraq-Syria
Posted by: nakr2004 on Tuesday, February 13, 2007 - 11:01 AM
Iraq-Syria
Mashhadani visits Syria
By Adel Fakher
Baghdad, Feb 13, (VOI) – Iraqi Parliament Speaker Dr. Mahmoud al-Mashhadani, accompanied by a delegation of parliament members, headed on Tuesday morning for Syria, a media source said.
"Dr. Mashhadani will discuss with Syrian officials the issue of Iraqi refugees," Muhannad Abdul-Jabbar, Mashhadani's media office director, told the independent news agency Voices of Iraq (VOI).
AE

Dont know if posted already

FT Alphaville » Blog Archive » Next stop for alternative investing - Iraq

Deputies : amendment will be after the holiday Parliament

(Voice of Iraq) - 13-02-2007
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Military confirms that the change includes ten ministers and deputy alive Yassin Minister
Baghdad-Sabah

A number of deputies that the cabinet reshuffle, which was promised o Minister Nuri al-Maliki to do will be after the Ante purchase of the holiday special committee of the House of Representatives and will be partially.

The deputy said Sami military in a statement to "Assabah" : The cabinet reshuffle is "imminent" after the holiday the House especially after the most political blocs this amendment will include about ten ministries of the most the political blocs.

He added that the party's candidates are ready to assume office, where will change boundaries and six ministries of Iraq coalition j consolidated and two from the Iraqi List and the two ministries compatibility and the post of Deputy Prime Minister and the Ministry or Loza Rtin Kurdistan Alliance, pointing out that the standard the amendment was the result of good performance by Alozra automatic or as a result of the desire of the political blocs greater burden Baladhav e to the desire of the Prime Minister.

The military that the current political circumstances is not named h conduct a comprehensive cabinet reshuffle, despite the wishes of Mr. thus, the owners of this matter does not mean that the survival of some ministers in office came because of good performance stressing that the refusal of some blocks political change and the desire of Prime Minister hampered Hello Ministers to radically change and comprehensive.

For its part, the deputy of the Iraqi List homeland Yeh high Nassif diarrhea 10 to 13 ministries, the Ministry of Stko n covered by the amendment and the powers of the Prime Minister Nur j-Maliki pointed out that the Iraqi List gave Moi fabricated at all regarding this amendment.

She explained that the choice of ministers would not be as biography Alma False to the minister, but would be via a meeting directly with Prime Minister to determine the qualifications and expertise of b each minister accurately. It showed that a cabinet reshuffle was supposed to be m accompanied security plan that only holiday the House Stek R. Adoption of the amendment until after the holiday.

The deputy Virtue Party Karim spring, which did not down Erk party in the current government, expressed his party's willingness to to participate in the cabinet reshuffle if McCann amendment Cham not.

He pointed out that participation depends on the size and type of amendment stressing the party's support for a cabinet reshuffle to neat as the country which is going to difficult circumstances.