Thread: Iraq/Dinar News up until March 28th 8PM CT.

In the document private investment law liquidation of crude oil, and under the door of the reasons the following words : line with the economic transformations in the new Iraq, and the aim of increasing investment opportunities for the Iraqi private sector and foreign and broaden the base of participation in the activity of the liquidation of crude oil .. ..To increase the capacities of local production of oil derivatives, and improve the quality and flexibility, reduce the deficit and bottlenecks in refineries government .. Launched this law .. This law has been proposed in conjunction with the discussions of the draft law of oil and gas new Iraqi who came in the first quarter of the ownership of oil and gas is all the Iraqi people in all regions and provinces .. , And on The owners of this wealth are concerned, first and foremost, this legislation know what the Iraqi citizen of the draft law on investment to liquidate oil? ..

كهذا..The question we posed to a group of citizens anybody .. We concluded that very few of them are aware of this law has been mixed views on the feasibility of such legislation such as the law .. طوقد لفتما ..Talib Mushtaq (1) told us : this law serves the Iraqi economy, which suffers collapse and foot-dragging, has pointed Antba are stated in Article III, where this article obliges companies invested operation Iraqi ones no less than five of the 70th cent of the total workers, in addition to Article VIII, which states that eligible companies traded crude oil received from the Ministry of Oil, and Abalmshanget oil produced in refineries government .. that this law is a good step on the road, in order to encourage private sector participation in the process of economic development, the time has come to do the role of the private sector and stimulate investment in order to contribute with the government in advancing the construction, To emerge from dependency on government in building the industrial base .. من..I believe that the decision was made to address the bottlenecks experienced by the Iraqi citizens at the level of services and getting rid of the crisis phase of the oil derivatives .. بينما..While he said the citizen (Ziad), an engineer in one of the departments of the Ministry of Finance for example, says that there (see death satisfy foot) For more than three years, and we are trying to keep up behind oil derivatives, which emerge from the crisis in other abstract .. فيها..When put like such a law in a time like this, we Anmlk only accept it, and that he apparently came to contribute to ending the problem which we live .. نعم اق..Yes, I have read the text of this law in the press, and it is enough to remind you what came in Article 9 of Article X, to understand Maared saying you Article nine, to enjoy the project constructed in accordance with the provisions of this Act shall enjoy the privileges granted to the projects constructed in the free areas of Iraq .. وفي لنا..In the first article ten, of the investing company, determine the prices of oil products and has the right to sell inside Iraq or exported to foreign markets, according to regulations established in the free zones .. And here I do not understand the meaning of the controls in place in the free zones, but I know that such areas such not subject to any controls on it in the light of anonymity (at the the free) to place any controls (only prevent those controls) to control Bhrktha, and therefore more worthy of legislators to replace the last sentence of Article X, including more explicitly, the effect (and, according Mairgb by investors) .. As a citizen (Mohamed Al Ayed) a teacher has told us .. ئة.Yes, I have read the draft law on private investment and liquidation of oil found standstill when the country's economy, and, frankly, because we stand on the ruins of inherited diseases and suffer from many of the most important administrative corruption, can be overcome only through the promotion of this stage of the private sector and encourage investment, has been the problem of derivatives and provide ways for the citizen, weigh heavily on government to fight a war on several fronts, and it was natural that Atnjeh successive governments in solving that problem, and I think that the private sector will be able to contribute to finding a solution and I expect also to improve the specifications of the material before, it was stated in one of this law to be liquidated advanced technological level, and less production rate derivatives heavy oil from the 20th cent.

ÔÈßÉ ÇáÒæÑÇÁ ÇáÃÚáÇãíÉ - ÊÌÇÐÈÇÊ Íæá ãÔÑæÚ ÞÇäæä ÇáÇÓÊËãÇÑ ÇáÎÇÕ ÈÊÕÝíÉ ÇáäÝØ ÇáÎÇã

The United Nations requires Iraq to make some reforms MP from the United Iraqi Alliance Abbas Bayati yesterday, Monday, that the plan of the International Covenant signed between the government and the United Nations include the mutual commitments between the parties.
".Al-Bayati said in a press statement that "the United Nations on Iraq demanded political and economic reforms and security in addition to financial and administrative corruption against Urge States to help Iraq and to provide the necessary expertise and debt relief implications."
حر ".He added that "the government will begin the implementation of their commitments through the formation of specialized committees and held several conferences to establish a timetable for reform and to directly open files in the context of a free Iraq."
".Al-Bayati pointed out that "this means creating obligations on Iraq and the United Nations to continue international support at all levels."

.For his part, former oil minister Ibrahim Bahr Al-Oloum, that the bill of oil and gas, which voted for the new government is a positive step towards the advancement of the oil sector in the country.
".The science in a press statement, "The law represents one of the achievements of the current government and there is a preliminary agreement on this positive law for the Iraqi economy, particularly the oil sector."
"., Adding that "the statement in terms of the law emphasizes the good faith in that this will become law as a tool for keeping the interests of Iraqis."
".He pointed to the science "that the law had to be approved before this time as Iraq is one of the first States in the establishment of the National Oil Company in the 1960s of the last century."

ÔÈßÉ ÇáÒæÑÇÁ ÇáÃÚáÇãíÉ - ÇáÇãã ÇáãÊÍÏÉ ÊÔÊÑØ Úáì ÇáÚÑÇÞ ÇÌÑÇÁ ÈÚÖ ÇáÇÕáÇÍÇÊ

For legal rights and gained for the shareholders In 1995 the company raised "gestation agricultural" specialized farming and the production of fish for sale shares, the value of one dinar per share, urging citizens to subscribe to the capital increase and took citizenry have come to employ their savings, and despite audits shareholders of the company during the period of more than 11 years, did not receive them - one response is "a continuation of loss!" لكن.But shareholders are not convinced that the market reaction reality constantly refers to the increasing demand for fish with the escalation of prices, and continued their representations for their rights after the fall, in another review said, one that administrators had not improved and that the company is still fluctuating in the loss and then pointed to one sitting.

وقال!!".He said it : "It expert from the United States in aquaculture and they are relying in upgrading production, in addition to that it is ready to buy the shares purchased any value at one dinar per share.".
الى الله.This kind of reminds me of dealing wool dealer, which was issued to the Iraqi Britain wool yield a deal in which all his wealth, before ensuring access by the Second World War and entered the wool deal in the unknown, striking merchant Kiffa palm and handed to the command of God.
.Years of war and encroached over the heavy human destroy all beautiful in their lives from His Excellency, civilized, and the dream of hope and progress, and then ended after that claimed the lives of millions and transformed the city into ruins. .It is not counted as merchants and the value difference of millions and transformed cities to rubble. .It is not counted as traders returned wool double the value of the deal was enormous wealth has been added to the delay, the currency value for teams before and after the war, and overnight became the right-wool trader patience of senior-rich in the city.
وسواء .Whether dealing with the son of a foreign country or with the essence of a "secretariat" and this fact put Dolphins corrupt prostitutes under the law to receive the just punishment on charges of "dishonesty" and the return of stolen funds from citizens with the calculation of interest and the value of the currency difference.

ÔÈßÉ ÇáÒæÑÇÁ ÇáÃÚáÇãíÉ - ãä ÃÌá ÇáÍÞæÞ ÇáÞÇäæäíÉ æÇáãßÊÓÈÉ ááãÓÇåãíä

Originally Posted by neno

BTW, woke up your Caymen Thread. We have grown in membership since it was last posted in.

What's the count on the party participants?!

Sorry if posted before:

Strategic economic reform in the 2007 budget

Hilal war
Known that the annual budget for each of the strategic economic reform designed to achieve the budget during the budget period of one year. Balancing therefore focused in 2007 on some important issues and containing the economic reform program and a policy for the allocation of resources to different sectors, according to specific priorities in addition to the distribution for the development of regions and by the need for those resources.

Therefore Valmwasenh strategic component includes the following :
1- investment in increasing oil revenues through increased production and export to meet the expected drop in grants and international aid in this year 2007 and the years that followed.
Therefore, the amount allocated budget (3) billion dollars to build a new division to reduce the import of oil derivatives from neighboring countries, in addition to the amount (400 / 2) billion dollars of investment in the oil sector, as the investment rate (5 / 13%).
2- تadopt a policy for reform of government support and begin the process of face damage to the economic well-being of individuals through the deliberate (the social protection) The cash payment to the people, where the amount of the budget allocated (750) million to support a network of social protection as benefit dependents million beneficiaries approximately (7) million people.
3- improving the rate of the Iraqi minimum R. (1500) dinars to the dollar in the budget of 2006 to (1260) dinars to the dollar in the budget of 2007, although that decision cost the ministry alleviate proportion (13%) and imports of Iraqi dinars and thereby increase public spending the same percentage it can be done through compensation increasing taxes and customs duties This is a bold and correct decision is the most important financial policy decisions that must be taken to improve the value of the dinar against other currencies.
4- attempt to alleviate the phenomenon of widespread unemployment and rampant in the Iraqi economy through the development of so years (137) A grade in addition to the new job opportunities offered by investment expenditure amounting to (500) thousand jobs.
5- address the anticipated increase in security spending by the Ministry of Defense and the Interior, the prize (July 5) billion dollars-as a result of the gradual withdrawal of the occupation forces.
6- increasing allocations to the sectors of the Chairperson of interest to the lives of citizens and this is a kind of investment in human capital, where an additional amount (400, 1) billion dollars to the education sector, (1,800) billion dollars for the health sector.
7 - improving the standard of living of its citizens, particularly low-income civil servants have been allocated (4) million dollars for the application of the new peace for staff salaries Had this resolution was delayed in the application some time due to non-ratification by the House of the budget in 2007 only in the month of February 2007.
لTherefore, the staff and enjoy upward effect from January 1, 2007 any retroactive addition to the provision (100) million for retired officers.
8- treatment stocks magnificent associated spare financial remittances and proceeds from the hand of support in the State of importing oil derivatives, which had at great cost, which did not include the 2007 budget amounts except the amount provided to support the import of kerosene will import by the Ministry of Oil, which began readiness for the task.
The budget priority in the area of investment through the allocation of huge sums for much of the investment projects in the field of developing regions, as the amount allocated trillion (2) and (600) billion Iraqi dinars in addition to investments in the electricity sector and the sectors mentioned earlier.
Finally, it can be said that the 2007 budget included the figures no longer allocated to the Iraqi economy during the past four decades and decades that preceded hitting overheads (41) billion dollars, while the general revenue (300, 33) billion dollars, but is not required in the drawer of these figures, but in the use of an active role in aspects allocated to them, in order to increase citizen confidence in government and the initiation of a genuine development in the Iraqi economy, exhausted and semi devastating on the other hand also important in any budget execution rate is not privatization, as we have come to our past experiences.
It is also necessary to spend the entire budget items, especially those which contribute to the reduction of the rates of inflation and reduction in the general level of prices and booming value of the Iraqi dinar .

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=36228

Cheers!
DayDream

Notazbad2000, I think the Caymens should be put on ther back burner until the RV happens --- When? I don't know, but it will happen. Soon? I don't know. but it will happen,. There is a Thread for the CAYMENS this is the dinar think tank.

Sorry , I think Neno Posted that Sorry Freind I jumped the gun. Forgive me ALL!

Originally Posted by bob1940

Sorry , I think Neno Posted that Sorry Boss I jumped the gun. Forgive me ALL!

It's all good Bob. It won't happen again.

Originally Posted by Wm.Knowles

Hello everyone. A good post and indicator that the removal of the currency is having an impact. Inflation is too much money chasing too few goods and by reducing the base money supply one would expect inflation to cool. A classic intervention right out of the textbook. IMHO the effects of the removal are just starting to take place. We should see more in terms of a reduction in inflationary pressures. With GNP expected to be above 15% for 2007, this also aborbs inflationary pressures and should combine with the redution of the money supply and accelerate the reduction of inflation. Its all good for us. Have a good day!

Hi Wm!
Don't know if you'll see this in order to respond, but...
I have always viewed the recent auctions of the CBI as "swapping" US dollars for NIQD. Then, the CBI stashes the NIQD into the safe so they won't have any effect when the value increases, other than the positive effect for the country as a whole, or at least the CBI, in that it helps back the currency that is still in circulation- playing the role of "reserve" value, along with the gold and other foreign currencies CBI has stashed away that are used to "back" the value of NIQD left in circulation. I always felt that, because one is able to use the US dollar fairly closely in the same capacity as the dinar, it was the perfect scenario for permitting the big, fat Bold Adjustment we've been waiting for! However, after thinking about your post(s), if I am correct in my assumption, there would basicly always be the same amount of currency value chasing after the available goods in the economy; the difference being as time goes by more of that currency becomes US dollars and less, IQD. As I look at that assumption- if it were correct, there would be no real change or impact on inflation and things would continue in the dire condition that has been reported, until the impact of the Bold Adjustment / Revaluation.
I would be very gratefull if you could take the time to respond to this post. And I want to take this opportunity to thank you as well as the hundreds of other posters for the experience to broaden my understanding of this wild adventure I flung myself into!
I remain your attentive & admiring student,
K. Allen Orr
Blessings On YOU!

Azzaman, March 19, 2007



Iraq has issued a tender to drill 50 new oil wells in the southern Province of Missan.



The director of the province’s oil fields, Ali al-Bahadli, said 13 foreign firms have been invited to take part in the tender aimed at boosting output by an additional 100,000 barrels a day.



The Province of Missan is home to some of the largest hitherto unexplored Iraqi oil fields.



The gigantic West Gurna with billions of barrels of proven crude oil reserves is situated in Missan whose oil wells used to produce up to 400,000 barrels a day under former leader Saddam Hussein.



But output has slumped to 120,000 barrels a day since the 2003 U.S. invasion.



It is not clear whether any foreign firms will be willing to participate in the tender due to the current upsurge in violence.



Bahadli said the digging of the new wells would take about two years and each one of them was expected to add at least 2,000 barrels a day to the province’s output.



Iraq has the third largest proven oil reserves in the world behind Saudi Arabia and Iran.



It is total proven reserves are estimated at 112 billion barrels, with as many as 220 billion barrels of resourced deemed probable.



Of the country’s 74 discovered and evaluated oil fields, only 15 have been developed.

Azzaman in English