Thread: Iraq/Dinar News Until 5/3/07 Midnight CST.

The Ministry of Commerce said that next month will witness the implementation of a special program to activate trade relations between Iraq and various countries around the world.
The source in the ministry said in a press statement
This program prepared by the government would include all countries of the world, especially the neighboring countries to develop economic and commercial relations with India as there will be a bilateral joint committees with those States as well as increased business contracts .. He added : "The coming days will witness the encounters between the Iraqi government delegations, and a number of countries of the world, especially the neighboring countries Research papers in the joint work between Iraq and those countries, stressing : "Iraq's desire to develop all economic and trade relations with world countries and the relations that were cut during the past years to gain experience various countries of the world in the development of the economy and support the private sector and take advantage of the investment law approved months ago. recalls Iraq is seeking to join the World Trade Organization after obtaining observer status in the organization in a step considered a prelude to reviving the Iraqi economy, Iraq reconstruction

Iraq's economic relations with world countries

سهيل العباسيSuhail Abbasid
Preferred all States that have national sovereign decision in the management of its various matters, and especially in matters that the economic expansion base their dealings with the largest possible number of countries of the world and not (laying the eggs in one basket) and if necessary to some extent in poor countries or rich medium How case the rich nations such as Iraq


Ford said that the American cars before Nuri Said May God rest his presentation was to hold with a commercial transaction whereby restricted for a period of twenty years import needs from Iraq, the company above only car company in return for an undertaking Petbelet all streets in the cities and districts and aspects of Iraq and specifications are good and free only The (Basha), and after consultation with the people of knowledge and opinion rejected this offer in anticipation of the monopolistic situation that will prevail Iraqi market for cars by this and cope with this monopoly of the benefits of the company for a period longer than the duration of the contract represented in the import of spare parts and restricted by the flooded Iraqi markets without other and add to the experience professionals and craftsmen in the perpetuation of auto repair and teach those who are younger and that will only company mentioned. the seller always looking for the buyer to gain through offers of goods fill the need good specifications according to the likes and marketing policy is always to create demand There was no problem in supply especially for States economically prosperous. and it old fathers and grandfathers before them, they say (in Japanese Flusk and select the goods it wanted not only to one vendor), in the light of these simplified things and correct the Iraqi Foreign economic relations with world countries must start from the principle that organ and that the captive its political relationship with certain States without others because of colonialism, which left the military compelled States colonized went to colonization economically lurked have exited drift narrowly returned and entered from a wide door. The economists in the whole world that Iraq is a rich and the top of the list of rich not only in oil but in other economic resources and agricultural and industrial tourism. So, the policy orientation to countries other than traditional ones, such as the United States, Russia and some European countries is not even necessary at this stage to La Paz to be phased devoid of jumps and parameters purely economic and not orientation, this time for Asian countries that have proven their growth and Azdehrha economically, in the forefront of Japan It was the giant that has invaded most economically advanced countries such as the United States and some European countries, which have been able to be the trade balance in its relations with the United States in particular is in their favor (ie Japan), and have high rates (yen) Japanese currency exchange rates high and stable compared to the other currencies strong and invaded Japanese goods (in techniques computer and auto industry small) American markets in their own backyard, despite the fact that Japan does not have the history of civilized states and Amoard and natural resources such as oil and mineral and agriculture being famous volcanic land but which make these economic capacity is beyond reason Japanese scientifically and administratively and organizationally to adapt other elements of production The instrument under the command of administrative work in a structured and organized system based on the loyalty and dedication of the institution or project, and after production of the nation and to create an industrial giant and it behooves us in Iraq that after we have had two of the East and West to open the window pure wide on Japan to establish strategic economic relations with far-reaching various aspects and trends in the forefront of the infrastructure sector, reconstruction and construction, water and electricity, roads and other services needed to be gradually spread to include all other actors beneficiaries of Japanese technical and very sophisticated but as we have already said all this with a certain, but not complete La Paz to be equally or amount (room for some) the beginning for the purpose of avoiding economic dominance and the slogan is the diversity of economic relations with world countries and not selective in our hands and our independent away from the pressure and make the world made us seek competitive among themselves to come Anttaghaeatna correct and impartial and in the interest of our people and our nation May God be with us and take us towards goodness.

Originally Posted by lewscrew

Great posts Lunar! Thanks, Lewscrew

My pleasure....

Originally Posted by $onedaysoon$

The Ministry of Commerce said that next month will witness the implementation of a special program to activate trade relations between Iraq and various countries around the world.
The source in the ministry said in a press statement
This program prepared by the government would include all countries of the world, especially the neighboring countries to develop economic and commercial relations with India as there will be a bilateral joint committees with those States as well as increased business contracts .. He added : "The coming days will witness the encounters between the Iraqi government delegations, and a number of countries of the world, especially the neighboring countries Research papers in the joint work between Iraq and those countries, stressing : "Iraq's desire to develop all economic and trade relations with world countries and the relations that were cut during the past years to gain experience various countries of the world in the development of the economy and support the private sector and take advantage of the investment law approved months ago. recalls Iraq is seeking to join the World Trade Organization after obtaining observer status in the organization in a step considered a prelude to reviving the Iraqi economy, Iraq reconstruction

Onedaysoon....do you have a link for this article?

Originally Posted by Lunar

Onedaysoon....do you have a link for this article?

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=25731

then click economy

Originally Posted by $onedaysoon$

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=25731

then click economy

Thank you...

Political first : Zubaidi reveals plans for the operation of tens of thousands of unemployed
29.04.07

A dialogue-Yasser ascendant haven Secretary
Finance Minister told (morning)
Under the draft national reconciliation

The Minister of Finance revealed Mr. statement Jabr Al-Zubaydi revealed features of a direct government's economic program visas which would be reflected in the budget 2007. He said in an interview with the first press after Astizarh to the Ministry of Finance : the budget will be the first quality to it that will be under the elected government durable.

He explained that the new features of the plan include the expansion of the tax base does not increase and the re-evaluation of property and real estate state and the sale of many of the ministry also intends to support and assist the citizens to allocate plots to housing outside the boundaries of the municipalities according to the existing controls in coordination with the Ministry of Municipalities.

And on the question of how to expand the tax base and not up to the citizen, he said : We have a list of big businesses not covered by taxes seek coverage for example, mobile phone companies, which reap billions of dollars annually for a handful of dinars no value.

Taxes on businesses
He wondered why the minister did not impose taxes on those companies in Iraq at the time of revenue for Lebanon from taxes on mobile phone companies worth three billion dollars annually, as well as the case in Egypt, where they are valued at six billion dollars annually from taxes global mobile phone reiterated wondered why not follow Iraq the example of these States?
He added. We have a long list of the companies covered by the tax to obtain funds which support the budget came from oil sales only pointing out that 97% of the budget of Iraq depends on oil and this is not in any global economy, even in the oil-rich Gulf countries, the sources of funding for their budgets multinational manufacturing and other industries and taxes.

And on the question about the need for Iraq to laws and new legislation for the implementation of this program and plan.
Zubaidi said : I think that all of our laws give us the power window to move the implementation of the ambitious plan that have been developed for 2007.

But reform mechanisms required by the agreement with the International Monetary Fund have negative effects on the social level?
To this question, the Minister of Finance that the International Monetary Fund seeks as far as possible that the budget not be consuming our oil money, but that the money Iraq consumes the volume of investment in operating funds because the consumption of oil money exhausts the budget and the burden of the citizens by the minister but he believes that the volume of investment funds push Iraq towards development and progress From this standpoint, the policy of the International Monetary refuses to be broken, not only the budget have any investment.

True support for the social protection network
He said : I am in the social International Monetary Fund noted that the Fund is to support the social safety net that we believe it is important to continue supporting and accordingly put in the principles of the policy in 2007 to support and increase real support for the social welfare system on which citizens below the poverty line, pointing out that the close relationship with the International Monetary Fund has enabled us to obtain the debt write-off.

Citizen support
Zubaidi spoke about the reform of the banking sector stressing his thoughts prior check this sector of loitering and failure in banking operations, pointing to its banks principals urging them to the need to develop a modern banking clear sophisticated able to support citizen who is also suffering from poor efficiency of potential material.

He said that the future will activate and develop the performance and activity of the banks in the various sectors of commercial and industrial real estate and demanding a comprehensive study on the development of the Land Bank and the Rafidain Bank support in order to enable the citizens of the implementation of projects that need to advances because his salary is not limited fill needs.

In the question of the (morning) as long as I am you, Mr. Minister, acknowledged the limited salaries citizens What is the vision-Zubaidi on improving the situation of living of its staff?
The minister said that the talk about living standards, is emotional and said I can not magically now increasing staff salaries, which eat inflation and a budget burden, because any increase in large amounts to cause significant harm to the budget of 2007.

But I was prepared I will move ahead towards supporting the investment funds so as to contribute to creating hundreds of thousands of jobs to armies of the unemployed during 2007.

He said : We will implement the strong investment plans for the regions, which amounted to two billion dollars and Snzidha next year, I heard I am pleased that some of the governorates in which more than 30 projects, I think we must create new job opportunities and I am not with the creation of jobs through employment in the state, but rather through private sector companies. And become better wages in the private sector than the public sector.

* Understand the context of your that the trend was towards a free economy and this is the general framework of the economic program of the government?
- Yes, he is also
And at last, he said : I want to solve the problems of staff salaries and I know that there are some staff were subjected to injustice in the career ladder because of the different applications of the ministries of this peace. The articles outlined (morning) and I am with them and I will do my best to unify the peace salaries, but we need time to unite.

The theme of retirees
Asked about the retirement law and the concerns of retirees
Zubaidi said that the retirement of the Transitional National Assembly have already mentioned the Ministry of Finance transition and there are gaps in it. I believe that this issue is long overdue and we are awaiting termination His first day began when the Ministry of Finance met with the Directorate General for retirement and asked to expedite the completion of the study and the preparation instructions in this regard.

The minister pointed out that the International Monetary Fund raised some issues on the retirement Vbacherna re-examine this law in order to overcome some of the gaps that have occurred which caused injustice in some of the staff who provide great services to Iraq and Iraqis.
He warned that the continued application of this law would constitute a heavy burden on the state budget, explaining that the volume of money being spent annually in the light of this law more than two billion dollars annually, and this is what can not be borne by the budget if we add them three billion dollars for importing oil derivatives and four billion dollars the ration card so that amounts to more than 10 billion dollars, and these funds are a financial burden, as I said before, and therefore an urgent need to study these things. This is what our students and the International Monetary Fund agreed to re-examine the pension law to ensure the right of the retired and to guarantee the right of the State alike.

Iraq's foreign debt
Turning to the Minister of Iraq's foreign debts amounting to 125 billion dollars, pointing to the completion of the write-off 80% of Iraq's debt in respect of Paris Club debt after deciding the issue of Russia where we negotiate with them, debt relief and unsettled order a reduction in the amount of 13 billion dollars to 800 million dollars.

He explained that the remainder of the debt outside the Paris Club countries and Egypt, China, Turkey and Poland has been assigned Ambassador in Paris to negotiate. Debt and the Gulf between Mr. Minister that he had put the matter to the Minister of Finance, Mr. Ibrahim Al-Assaf during a visit to Saudi Arabia Zubaidi was agreed to send a committee at the level of experts to consider the issue of debt.

He expected Zubaidi that Gulf States will Akram sister of the Paris Club countries in extinguishing Iraq's debts in full.

Activation of insurance companies
He called Zubaidi the Iraqi press to reactivate its role in creating awareness of the insurance companies and the activation of the national insurance all their activities.

But the company withdrew from the market due to lack of potential coverage of major accidents in Iraq and the failure recorded in the performance?
The minister said : trying to activate the role of life insurance companies, money, cars, fire, accidents, Mr. Minister striking example of the fires Alcheorgh where traders believe that their money got paid compensation, which demonstrated the awareness of the importance of some traders insurance. Therefore, we will support insurance companies and do their role in support of the citizens and the national economy, and insurance cultural phenomenon.

Financial support the draft national reconciliation
Asked (morning) on the role of the Ministry of Finance of the State of Prime Minister al-Maliki initiative of national reconciliation?
Jabr said a statement Zubaidi, the Minister of Finance. I support the initiative launched by the State of the Prime Minister's half-Maliki my personal belief in the importance of Iraq and stop the bloodshed, we hope that Iraq's unity, its land and people and in my capacity as Minister of Finance will not spare no effort to support this initiative both in the area of compensation for those affected by the initiative, or any other initiative was a part.

The three zeroes of the Iraqi dinar

In morning that the question of Iraq's debt write-off will contribute to the strengthening of the value of the Iraqi dinar?

The statement said Mr. Zubaidi. The value of the Iraqi dinar is related to the monetary policy and the political responsibility of the Iraqi Central Bank and the Ministry of Finance responsible for fiscal policy.

He added, but I proposed to Mr. Governor of the Central Bank, Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the raising of three zeroes him!

Voadeni governor well in the expanded meeting would be held next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and the Commercial Bank to the effect that the proponents get equal value of the Iraqi dinar to the American dollar and this goal we will strive to achieve that, God willing, during the four years of the new government the Iraqi dinar was so weak, towering among other currencies.

He concluded the interview Zubaidi reference to the International Monetary Fund supported the decision of the Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover the $ 11 billion to support the value of the Iraqi dinar and the cover is rarely found in the third world.

This morning took two hours from the time the minister went impression that the new plan will live up the Iraqi economy to the level of the developed countries if they are successful and support from the government and the parliament, despite the fact that the retirement gaps remained vague and needed to be clarified more and this we will take up in another meeting with Mr. Minister.

Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=25731

0.31 or so sounds & seems like a start! That would be 300+K per mil. Not 1 to 3 USD mil per mil!

Originally Posted by dinartank

Thanks for the info....although I dont know where or why some one stated 72hrs..this article doesent say that....but is still positive...soon in iraqi time could meen weeks or months

Maliki said he would be doing a reshuffle within two weeks in January that turned into four months and counting. I don't believe a word that comes out of that guys mouth.

The 913 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/4/ 29 so the results were as follows :

Details NotesNumber of banks14-----Auction price selling dinar / US $1270-----Auction price buying dinar / US $1268-----Amount sold at auction price (US $)51.530.000-----Amount purchased at Auction price (US $) 1.000.000 Total offers for buying (US $)51.530.000-----Total offers for selling (US $)1.000.000-----
Well not today folks..........keep digging maybe tomorrow