Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

Originally Posted by noced71

Hey Adster,

I am confused, could you explain this one? Are they talking about Iraq's Central Bank or Kuwait's?????? What action are they talking about? Or is this all a GCC reference?

Kuwait and other GCC countries are discussing revaluing by up to 25%.

US to reopen former state factories in Iraq



MENAFN - 29/03/2007




(MENAFN) An official at the US Pentagon stated that the government has launched a program to revive more than 200 state industrial units in Iraq in order to enhance Iraq's economic development, Iraq Updates reported.

The official said that a ceramics factory in Ramadi, a clothing and textile sewing plant in Najaf and an automotive and metal factory in the south of Baghdad have already started running based on American contracts to produce Iraqi security forces uniforms and produce armored vehicles.

Moreover, he said, almost 140 units of the 200 are in good shape and were not destroyed during the war, he pointed out and said that 56 of which can be reopened at a cost of $50 million. He added that the Iraqi government has also allocated funds to get 10 factories running.

The three plants running now employ more than 1,000 Iraqis and plan to employ more gradually, the thing that will lead to an eventual security stability, thus push economy forward.

Parliament extends emergency law

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Baghdad, 29 March 2007 (Al-Sabaah)
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The Parliament adopted extending work of emergency law to one month at all areas of country except Kurdistan region and finished 1st reading of amendment united law of pension, pension and social security for workers draft laws.

The Parliament discussed cases of Health Ministry's employees in Basra and members of facilities protection in Diwaneia who sit in because they're didn’t receive their salaries, and they're about 9 thousand members.

Parliament extends emergency law | Iraq Updates

Independent Radio & TV Station Launches in Iraq
March 25, 2007



(Ba’qubah, Iraq) – In the heart of Iraq’s troubled Diyala Province, the Independent Radio and Television Network (IRTN) officially launched on Sunday, March 25, 2007.

“We respect our new government and all of our religious leaders, but this network is completely independent,” said Rafed Mahmood, IRTN co-founder and general manager. “Our voice is independent. No one tells us what to say.”

With jumper cables and a 12-volt battery, this Saddam era media station roared to life on March 3, 2007. Four Iraqis – two Sunnis and two Shias – are quickly becoming the voices of sectarian reconciliation, unity and freedom in the central part of Iraq. Their 3000kw radio transmitter line is cabled up to the top of the 350-meter tower that a Japanese manufacturer built for Saddam in 1986.

“Our radio signal is reaching south to Hillah, and west to all of Baghdad and Fallujah. We reach parts of Tikrit and all of Diyala Province,” says Samir Kamies, co-founder and television manager. “We are easily reaching 11 million people.”

Iraqi government and provincial dignitaries, senior Coalition Forces commanders and U.S. Embassy staff joined the IRTN staff for an official launch ceremony at the studio complex. The facility is located south of Ba’Qubah, near the town of Buhriz, between Baghdad and the Iranian border.

During the event IRTN began broadcasting their UHF television signal as they kicked-off programming with a “live” newscast featuring news, weather, sports and an editorial. The TV signal reaches all of Baghdad and Diyala Province.

The US Embassy’s Public Affairs Global Outreach (GO) Team has been on site at the IRTN studios training the Iraqis since February 3rd.

The Public Affairs GO Team is a team of rapid response communications experts experienced in all facets of media relations, public affairs, crisis communications and message development in support of State Department missions all over the world.

Originally Posted by Escalade

Old news. You must have missed the conference call? Check out the rumor thread.

Sorry about that, I'll check out the rumor thread more often. Thanks for letting me know.

Regards

Originally Posted by Mike5200

Iraqi President Seeks Arab Support
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Posted GMT 3-29-2007 14:17:53
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RIYADH, Saudi Arabia (AP) -- Iraq's president tried to win Arab support Wednesday, promising Baghdad will give a greater political role to Sunni Muslims but calling on Arab countries to help stop terrorism in Iraq.

A summit of Arab leaders in the Saudi capital Wednesday is taking a tough line on Iraq, demanding it change its constitution and military to include more Sunnis and end a program uprooting former members of Saddam Hussein's ruling Baath party.

The Sunni-led governments of the Arab world have long been suspicious of Iraq's new Shiite leadership, blaming it for fueling violence by discriminating against Sunni Arabs and accusing it of helping mainly Shiite Iran extend its influence in the Middle East.

In a speech to the summit, Saudi King Abdullah denounced the U.S. military presence in Iraq as an "illegitimate foreign occupation" and warned that sectarian bloodshed was leading to civil war.
The head of the Arab League, Amr Moussa, warned that the Iraqi government's sectarian policies were threatening a wider conflict. "The clash between Sunnis and Shiites in Iraq and the policies that enflame and exploit it could light a horrific regional inferno that will leave no one victorious," he said.

Ahead of the summit, Iraq's Shiite prime minister, Nouri al-Maliki, and President Jalal Talabani promised to introduce new legislation to let former members of Saddam's ruling Baath Party resume jobs in the government.

The legislation, which has yet to be put to parliament, was seen as an attempt to avert criticism at the Arab summit. Al-Maliki is said to fear rising support among U.S.-allied Egypt, Saudi Arabia and Jordan for an Iraqi national unity government led by former Prime Minister Ayad Allawi, a favorite of Washington.

In a message to the summit released Wednesday, Talabani said the legislation would "abolish the Debaathification commission and replace it with a Justice and Accountability Law."

He promised "bridges of confidence to be built linking all the elements of the Iraqi people, bringing opponents of the political process into the process and elements of the former army into the new army."

Talabani, a Kurd, called on Arab nations to back the Iraqi government by cancelling Iraqi debts and help stop militants from crossing into Iraq to join the insurgency. "Our utmost need will remain that we should act together to break the neck of terrorism," he said.

The promise of the legislation was a sharp change from past dealings with Arab leaders, when Iraqi officials angrily dismissed their demands. Many among Iraq's Shiites believe Arab nations are bitter over the fall of Saddam and the loss of Sunni Arab dominance of the country.

By Salah Nasrawi

© 2007, Assyrian International News Agency

What a Jerk! If it wasn't for the "Liberation force" the king would kissing Mahmoud Ahmadinejad's Rear end and would be no longer a king, maybe a pool boy though. putzzzzz

Originally Posted by Adster

K.C.B. could take action on dinar at any time DUBAI - Kuwait’s central bank could take unspecified measures against speculation on the dinar currency at any time, perhaps as early as Sunday, Nabeel al-Mannae, the Deputy Central Bank Governor, told Reuters on Wednesday.
“If needed we could take action immediately,” he said in a telephone interview from Kuwait. “Any action could come next Sunday or Monday.”
He also ruled out capital controls on the dinar. The central bank said in a statement to Reuters earlier that it may take unspecified measures to deter speculation after noting increased buying.

...hmmmm. This could be taken a couple different ways. Are people stocking up on OTHER M.E. currencies also? With all of the articles lately about the 25% increase, people appear to be jumping on the wagon, don't they?

P.S. Adster, great shade of green! Color of Money and Pickles!

Are we in the home stretch yet?

Iraqi Stock Exchange is preparing to join the International Federation of Stock Exchanges


It is expected that the market for Iraq securities important developments during the coming period, where it is hoped accession to the International Federation of Stock Exchanges, as well as the completion of Qguadouajraouat circulation of non-Iraqi Arabs and foreigners, after the government agreed to, and empowered stakeholders preparing special instructions in this regard, and that the market is continuing to take measures to complete draft electronic trading and the central depository,

What this means to achieve the level of connectivity with Arab and international stock exchanges and mutual investment guarantee and equity trading. This was emphasized by the Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam, explaining that participated in the Iraqi Stock Exchange earlier this year in the establishment of the Union of Arab Stock Exchanges across the Securities Iraqi Finance, and the market's accession to the Union of Asian bourses were early last year, and that the phase of training in the use of the electronic trading system has been completed, and is continually being installed devices and equipment for the direct application of this system and transfer files investors of companies contributing to the deposit, which that will help in dealing with everyday problems of the stock exchange, and accelerate the rate of turnover of shares, as well as to encourage investors to training and moving to electronic trading and accept the inclusion of new companies in the market, as well as the expansion of the investment signing of the agreement with the concerned bodies in Cordstan to open the hall to circulate securities there, linked electronically with the market in Baghdad, Iraq, as well as the study of a similar step for the opening of the circulation in Basra. and is noteworthy that the Iraq market for securities implemented during 2006 last 93 meetings circulation rate of two per week, during which the circulation of 58 billion shares worth 146 billion dinars.

Assistant Governor of Baghdad financial and economic : we look forward to the establishment of micro-finance


Assistant Governor of Baghdad : Economic and Financial maintain that the process of developing new designs of the districts and aspects of it to suit the specifications and seeking to set up and maintain housing units and commercial streets and bridges and setting up schools and clinics, police stations and youth centers. He pointed to an intention to maintain the establishment of self-financing projects in order to reduce the burden caused to the State budget through some of the work that generate profits to maintain ...

He pointed out that the work not only to maintain the service, but there are many of the projects undertaken concerning the creation and preservation of the health, educational and security. Calling at the same time the need to guide investors towards safe governorates in the south and the north, as well as work to support the private sector so that it can contribute strongly to lift the level of the country's economic and added the name of deployed personnel to maintain until 2005 did not receive a budget investment never qualify for the establishment of large-scale projects, since the share of the maintenance allocations were part of the Interior Ministry or the Ministry of local government and then, the Ministry of Finance allocate 754 billion dinars (of the Baghdad governorate) and the share of conservation time has reached 150 billion dinars, carried out of this sum accounted for 90% of service projects in the district and sub-district of the province, such as Abu Ghraib and the towns and Mahmoudia and Rashdiya, including projects for water, sewage, roads, in addition to the importation of an asphalt plant, because most labs available specifications old and poorly maintained well as imported a group of auto service and distributed among municipal units for use in the service. pointing to maintain faith in the establishment of many large projects strategic outlook, especially after providing security in many regions of the geographical area of the border province, pointing out that most of those projects will be of great value service may need up for three years to complete. He deployed personnel to maintain actually agreed with the Advisory Office at the University of Technology to develop the basic designs of the districts and wards of the province, so consistent with those seeking to set up various projects, such as the creation of housing and commercial units, roads, bridges, schools and clinics, in addition to those designs that would take into account what is under land lines for the transfer of purified water, sewage, electricity and telephone wires and in the development of this design will be the future work according to plans prepared No one can overcome. He also deployed personnel : The local governments if it continues to consider the state budget only, and rely wholly overwork Then this will not enhance the country economically, and we Kamhafezh now seeking to establish self-financing projects, and drawing from the experiences of some developed countries, which possess some of the special tax regime .. ..He pointed out that these projects was the establishment of an asphalt plant, for example, we can deal with Baghdad Secretariat or the Directorate of Roads and Bridges for tiling the streets .. Only then will maintain the value of this material and we have our state budget, is also trying to build a strong and firm. And the mechanism to benefit from the new investment law for the implementation of the various projects have deployed to the need to develop investment plans five or more, pointing out that the importance of such plans (coordination) between the service all stressing the absorption of Iraqi skills and manpower of all through the establishment of projects and diversified investments. He said have deployed : Most projects being implemented on the ground show where many of the flaws in future, due to lack of good planning for these projects, so that some of the Baltblait first and then the extension of drinking water pipelines Awalmejari and requiring the destruction of flooring, and this generated confusion and waste of funds significantly. He added : I expect that Iraq will be the future markets open for the whole region, through the investment law, which will bring the various types of prefectures and projects to Iraq and the only obstacle now for this law is the security situation, therefore call for investment in the regions and governorates safe both in the south or north of Iraq, where the security environment is relatively stable.
He pointed out that unemployment have deployed influenced much of the country's economy Many of the universities and institutes annually graduated thousands of students who clashed with unemployment, in addition to the minds and competencies preferred migration abroad to work because of the temptation of material provided to them, so the investment law is the best solution to accommodate those unemployment, in addition to the need support for the private sector industrial and commercial building is important for the country's economy, and must be laws to protect them and provide all means of support.

Signed "partnership" Iraqi American to move the Iraqi economy





Finance Minister said the Iraqi statement Jabr said Iraq and the United States signed a partnership agreement aimed at moving the economy of Iraq through the rehabilitation and expansion of the number of Iraqi factories affiliated to the Ministry of Industry soft loans from Iraqi banks. Jabr added in a press conference in Baghdad attended by the Minister of Industry Iraqi Fawzi Hariri and Deputy to the Under-Secretary of Defense American expatriates economic Bernkli Powell that Iraq had "signed a partnership agreement with the United States aimed at rehabilitating Iraqi factories and move the Iraqi economy." His "expanding and increasing the production capacity of these plants is Maedi to develop the Iraqi economy and contribute to the solution of the unemployment crisis in Iraq."


Summarizing Jabr details of the agreement which was signed between the Ministries of Industry and Finance Iraqi women and the American side, saying that the Ministry of Finance will through government banks providing loans initial "soft" to reach a total value of six million dollars to help the ten plants belonging to the Ministry of Industry for the rehabilitation of their production lines to the expansion of the productive capacity of these plants. Jabr said that the American role in the process would be to "attract investors showed their willingness to buy goods produced .. The prices are good and profitable manner .. this has encouraged banks Iraqi government to provide loans to these plants. " He added "the problem that was facing the process of expanding the production capacity of these plants is to find markets for products. " Jabr said that the loans that banks will provide will be "soft interest rate debt service to no more than four ten%." He said Iraqi Minister of Industry and Fawzi Hariri said that the agreement would cover "factories and companies, which are mostly working at the present time but the production capacity ranging between 15 to 25%." He added, "is ambitious upgrading these inequalities to the 80th% of the production and more ... and develop a modern suit and the twenty-first century, and sophisticated technology. " He said that such a step "in spite of the modest, but the first step and the beginning of a very successful integrated project will take years."
Bernkli said that the agreement seeks to "provide ways for cooperation between the industrial sectors in Iraq and the international community .. And finding ways cooperation between Iraqi businessmen and their counterparts in the international community and the United States.