Thread: Iraq/Dinar News up until April 10th 11pm ctz

Originally Posted by Lunar

Stopping inflation solutions are required to deal with the rise

06 / 04 / 2007
Interpretation morning

The Iraqi economy is currently suffering from worsening inflationary pressures, which reflected negatively on Iraqi citizens by reducing the purchasing power due to the rise in prices, which means reducing the quantities of goods and services

Can obtained the same amount of income at different times sequentially. For example, if a citizen can obtain certain goods and services earnings in the past year, they will find themselves unable to purchase the same set of goods and services in the current year the same income as a result of high prices.

This will compel citizens to demand an increase of their salaries and wages, especially the salaries of state as long as the state employees can not increase their salaries for themselves, based on the law, unlike the private sector, which could face higher prices rise in the prices of goods and services. Overall, May will increase the salary increase in the prices? Some States have applied this procedure, But Can Iraq do so? Iraq is a country with oil and the price of crude oil has risen in the international market, which means an increase in the financial resources of the state and this can increase staff salaries, but can do so only on the basis of specific circumstances may not be available in the Iraqi economy to the least for the time being.

The conditions required for the application of this procedure are :
1. Increasing the number of workers in the private sector, to at least double, from working in the public sector. If we look at the Iraqi economy, we will see that the number of workers in the public sector has doubled in the past two years; first because of the weakness of the private sector in providing job opportunities and secondly because of the high salaries of state employees that will attract more citizens to submit requests for appointment or return to the job, and this will lead to inflation of the number of workers public sector and consequently low productivity.
2. Must reduce the annual inflation rate to no more than 10% and therefore the required increase in salaries must be limited and can be provided by the Ministry of Finance, but when the inflation rate was very high, the number of public sector employees and the number of retirees will increase also, as is the case in Iraq, it will be difficult the Ministry of Finance must bear the large amounts required to increase salaries to be equivalent to the rates of the high prices.
3. The State must have the ability to provide the increase in salaries through local resources such as income taxes and increase income public institutions through increased prices for goods and services provided to citizens or through reduced public spending and convert it into salaries so that they do not lead to increase salaries to increase the money supply and thus aggregate demand Hence prices higher again. In the Iraqi economy, we find that the salaries and retirement benefits make up a great deal of public expenditure and if we add the amounts of government support for fuel and the ration card, water, electricity and health, will be all that a large proportion of public expenditure.

On the other hand, we find that the local revenue remains weak; whether tax revenues because of the security situation and the weakness of private activity, which is the basis of the tax, or income of some public institutions that provide goods and services, which require support from the Ministry of Finance to pay its employees.

We find all this that the increase in staff salaries may lead to an improvement in the standard of living in the short term but will increase inflationary pressures in the medium term, as happened after the salary increases in 2003 and 2004

how come all these articles describe what the problem is and what the govt is doing to attempt to fix it and how it isnt working? why dont they just tell them what will fix the problem so we can get on with it???

Originally Posted by shotgunsusie

how come all these articles describe what the problem is and what the govt is doing to attempt to fix it and how it isnt working? why dont they just tell them what will fix the problem so we can get on with it???

I wish I had the answer to that one....

Financial : increased staff salaries will be at the beginning of the New Year .. And the pension law will be issued shortly
Baghdad / Daud Salman

Jabr said a statement Zubaidi, the Minister of Finance said that the decision to increase salaries in the new salary scales will be the beginning of next year. According to the Minister, the Finance Ministry in cooperation with the Ministry of Planning presented proposals to increase the salaries to the Council of Ministers has obtained approvals unanimously. He explained : start in the top five of the (10 - 5), and confirmed that at the beginning of next year will get the owners of these degrees on the increase of 50-70%. And in relation to :-Zubaidi said that the law on public pension will be issued shortly after it was ratified leaving only a matter of time. He explained that the ministry had submitted to the Secretariat of the Office of the State which in turn submitted to the Council of Ministers for the purpose of study and consideration as it was then to parliament for a vote after amendments and new instructions. The minister pointed out that this law will be issued shortly and waiting only for the work it is a matter of time.

AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Crescent Petroleum holds meetings with Iraqi Oil Ministry officials
United Arab Emirates, 06 April 2007 (AME Info FZ LLC)

Crescent Petroleum and representatives of the Iraqi Ministry of Oil have held technical coordination meetings in Amman, Jordan, this past week for implementation of their joint study of an exploration area in the region near the Iraqi-Kuwaiti border in Southern Iraq.

The meetings follow on from a technical cooperation agreement MOU that was signed between the Iraqi Oil Exploration Company and Crescent Petroleum in September 2005.

Technical experts from Crescent Petroleum, the Iraqi Oil Exploration Company, the Southern Oil Company and the Geophysical Service Centre in Amman held meetings over several days to finalise the technical programme and scope of work. The agreed curriculum of the initial study is to take ten months and will include a re-examination of the methods for seismic measurement presently available in the region and the preparation of geological studies of the current environment and new exploration areas.

"Crescent Petroleum is the only international oil company that has had a continued presence in Iraq over many years and we have had an ongoing relationship of cooperation with the Ministry," said Abdulla Al Qadi, Director of Upstream Operations for Crescent Petroleum, who led the company delegation for the Amman meetings. "We are proud to work with the Iraqi Oil Ministry in order to enhance the skills being applied to this study to apply new approaches on exploration methods, all of which will ultimately add value to the organization and hopefully benefit the Iraqi petroleum sector as a whole."

Crescent Petroleum, headquartered in Sharjah in the UAE, has already conducted in-depth studies for other regions in Iraq, including a detailed study and development plan for the Rattawi Field, for which they have been in discussions with the Ministry over several years.

In addition, the company has carried out training programmes for Ministry employees and its related companies, to foster an environment for the learning and sharing of technical skills while strengthening cooperation between both sides.

Crescent Petroleum is the Middle East's oldest private oil & gas company and has operated successfully around the region for over thirty-five years, including in the UAE, Egypt, Pakistan, Yemen and other locations.

Crescent Petroleum holds meetings with Iraqi Oil Ministry officials | Iraq Updates

The South Oil Company is planning to construct three oil fields next year

Nasiriyah / long
The South Oil Company announced a plan to reconstruct the three oil fields next year's estimated production capacity of about 530 thousand barrels per day.
He said Faisal behind Wade, the expert in petroleum engineering in the South Oil Company, in a press conference held at the headquarters of the company, "the South Oil Company will begin early next year the reconstruction and development of Gharraf field, which is estimated annual production capacity of 120 thousand barrels a day."
He added : "We also will be reconstructing the Rafidain field production capacity of 110 thousand barrels per day, in addition to the field of Nasiriyah production capacity of 300 thousand barrels per day."
The valley that "all designs and technical requirements completed by the cadres of the company, and will start work at the beginning of next year with Iraqi hands without the use of foreign companies."
The South Oil Company reconstruct many of the oil fields, which suffered vandalism and neglect after the collapse of the former regime has contributed significantly to raising the production capacity of Iraqi oil.

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Million dinars each migrant family
· The immigrants in the House : 50 thousand families migrant forcibly in Iraq

Baghdad / long
The Deputy Chairman of the Committee on Immigration in the House of Representatives on behalf of Hasani that the latest statistics for the preparation of the Displaced in Iraq amounted to more than 50 thousand families any limits 200 thousand individual immigrant ago.
Bono pointed out that Baghdad is the most governorates, which were either abandoned by the rest of the governorates, the percentage varies by the sometimes equally, and noted that the Commission had adopted a series of recommendations, including an amount of two million dinars for each family of migrant emergency response and to absorb immigrants, and the most important problems of providing adequate housing and requirements living other necessities. Bono explained that the Committee had recommended an increase of allocations by the Ministry of Immigration and immigrants in order to activate its role in Baghdad and other governorates, as requested by the Committee of the Political Council for National Security to make the case involuntarily displaced, the priorities of interest and providing housing complexes to contain the emergency situation experienced by the displaced camps and caused heavy rains and strong winds uprooted tents. Stressing that the proposed memorial (caravans) as a quick solution to the dramatic situation with these families and all of these recommendations had been submitted to the prime minister. Noting that the poor financial allocations from the Council of Ministers to the Ministry of Migration and Displacement, which amounted to six million dollars for the months since the formation of the ministry is an impediment to the completion of its work.

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Reading newspapers in Baghdad on Thursday, 7 - 5-2007

1. Morning
The first page
1-Parliament held a seminar in Dubai to discuss the expanded oil and gas.
2 - The lists of the names of members of armed groups and the records of the execution of innocent people .. Save Anbar seizes documents.
3-endorsing the recommendations of the Committee on the Rights of the army and the dissolved entities.
4-Parliament of Kurdistan discuss commutation of the death sentence to life imprisonment.
5-million dinars for each migrant family back.
6-Islamic refuse to change the map of political alliances.

That's the 3rd date for the same meeting...

Gunmen preyed upon the bank and steal 650 t one billion dinars.

Baghdad / agencies
Compromise unidentified gunmen yesterday at dawn at the Rafidain Bank in Baghdad and killed four members of the National Police who used to protect him and stole the sum of one billion and 650 million Iraqi dinars.
A security source in the Iraqi police (KUNA) that unknown armed men attacked in the early hours of dawn yesterday, Friday, Rafidain Bank-branch in the pratha Attivih Baghdad and killed three members of the national police and one of the members of the protection of installations and then stormed the bank and broke Khoznth and stole the sum of one billion and 650 million Iraqi dinars (about one million and 150 thousand dollars).
The source said that the Iraqi police discovered the bodies yesterday morning in front of the bank personnel then surrounded the bank and summoned the Director of the Bank for the opening of the gates was found that the gunmen had used oxygen gas to break invasion and theft of funds.
They had suffered several banks for the armed robbery and theft of funds and assets from the inside, prompting the Ministry of Finance to impose strict security escorts around.

AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Originally Posted by Lunar

Reading newspapers in Baghdad on Thursday, 7 - 5-2007

1. Morning
The first page
1-Parliament held a seminar in Dubai to discuss the expanded oil and gas.
2 - The lists of the names of members of armed groups and the records of the execution of innocent people .. Save Anbar seizes documents.
3-endorsing the recommendations of the Committee on the Rights of the army and the dissolved entities.
4-Parliament of Kurdistan discuss commutation of the death sentence to life imprisonment.
5-million dinars for each migrant family back.
6-Islamic refuse to change the map of political alliances.

That's the 3rd date for the same meeting...

it was held on the 6th, they wrote about it on the 7th i believe is the discrepancy on those two dates. however, initially it was to be discussed later and the date was moved up.

Maliki accept the resignation of the Minister of Justice .. Instead, the net cost him
The news has been added on 4 - 5-2007 11:55

... Maliki accept the resignation of the Minister of Justice .. Instead, the net cost him

Baghdad - WAI

Television (Iraqi) official today, Thursday, the head of the occupation government four Nuri al-Maliki approved the resignation of the Justice Minister, in his Hashim ida, and entrusted Minister of State for Parliamentary Affairs Safa net debt to the post of Minister of Justice proxy.

No mention space (Iraqi) further details.

Ida and the resignation last Alasabha, justifying it as "dissatisfied with the way it is being run by the government," and said that he "could not take responsibility at a critical juncture in the history of Iraq."

But the spokesman of the occupation fourth Skinner said commenting on the minister's resignation, said, "it (ida) covered Cabinet reshuffle expected", which Al-Maliki said more than once that it was carried out by the government.

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