Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by Offshore-Wealth.com

Interesting,

We had been waiting on this move, and it will indeed open the flood gates for others to follow, further devaluating the almighty dollar into oblivion. Sure are interesting times, but even if you still have faith in the dollar, don't be foolish and leave all your assets tied to only the dollar. There are more and more banks which will allow you to convert currency to whatever you prefer and bank it in the same manner as you would in U.S. I have banked in Euro for better than a year, and I am glad I did. Dollars continued slide and Euro's strength are reasons to closer evaluate your current situation.

Good luck and health to all, Mike

What bank here in the US you can have a account in Euro and when you with draw to write a check gets converted into dollars? Or say i go to the ATM and with draw from my account it converts into dollars. Does this exist? Wachovia doesnt have this?? Who does? Thanks

Withdrawal allocations ministries Khaddmitin did not implement only 1%

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Withdrawal allocations ministries Khaddmitin did not implement only 1% of the plan

Baghdad / Hisham Rikabi
The Finance Minister Baqer Jabr Al-Zubaydi withdraw funds budget ministries that have not been implemented projects assigned to it.

Zubaidi said in a joint press conference held yesterday, Sunday, comprised of the Ministers of Trade, Planning and Central Bank Governor : that the rate of implementation of the ministries of the budget are good, but there Khaddmitin Talkata ministries in the implementation of their commitments, which did not implement only 1% of the annual plan of the previous stage, The result will be withdrawn financial allocations earmarked for them and given to other ministries.

And on the debt of Iraq and the question of extinguishing Zubaidi said : The government over three years and signed an agreement with the International Monetary Fund, which promised its part in helping Iraq and amortize debts estimated total of 140 billion dollars

Pointing out that the International Monetary Fund is working to reduce the ratio of debt to 20%. The Minister of Finance said that 45 States had to extinguish Iraq's debts increased by 100% and 80%, praising the role of Saudi Arabia in this area and they promised to extinguish 80% of the debt of Iraq, as well as China.
For his part, Minister of Planning pointed to Papan had been devoted more than 11 billion dollars to invest an amount which is the biggest in Iraq represents government investment, pointing at the same time that the amount he could create more jobs and raise the level of the Iraqi economy.

Papan announced the opening of a planning unit in all the governorates of Iraq to be in the service of conservation and local government, confirmed that its effectiveness will be launched in the next few days and that the youth cadre will be highly efficient implementation of these units.

For his part, Trade Minister Abdul Sudanese farmer that a large number of difficulties facing the work of the ministry, particularly with regard to financing, import, transport, storage, as well as financial difficulties and administrative corruption.

He explained that the Sudanese will this year provide vocabulary ration card in spite of the difficulties and the ministry has to import 2 million tons of grain and has been able to distribute most of the quantities and there are plans to provide large quantities of food, grain and improve the ration card.

To detect Central Bank Governor Sinan Shabibi on the availability of cash reserve of up to 21 billion dollars, considering that the amount was "good" that can create a reassuring stability of the market.

المدى العراقية

Long Iraqi

Translated version of http://www.sotaliraq.com/

Critical Reading of the new draft bill oil

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Papers week long cultural V .. Critical Reading of the new draft bill oil
Nabil Jaafar Abdaradha 1927.

Not oil day grace flow to the Iraqis since the first time in 1927.

It was used by successive regimes and governments as a means of suppression and oppression, through the use of materials made available to the enormous financial resource in strengthening the authority of the State and its oppressive, as was shed to lick foreign giant oil companies and those who are behind Britain States to dominate the huge oil reserves in Iraq. It is really the progress made in the late 1920s of the last century, which is exactly such a scenario him again after the third Gulf war, and in both cases used foreign armies in achieving this objective

The draft bill oil and gas new Iraqi completely contradict the Article (29) of Chapter VII of the foreign investment law, which was approved by the House of Representatives on 10 / 10 / 2006, which stipulates exception of foreign investment in the extraction and production of oil and gas.

Reasons
The reasons can be summarized as contained in the introduction to the draft law and oil as follows :

1-the need for quick funding for reconstruction projects and modernization

2-Iraq to the lack of financial resources needed to develop the oil and gas sector.

3-the desire to obtain modern technology and technical and managerial skills provided by the multinational oil companies investments nationality.

4-desire for private sector participation in the development of the national oil industry.


Before discussing these reasons, we have to say that the draft law did not write the language of economic wholesome as the legislature did not distinguish between imports and income, I mean imports and the second means the proceeds (plus the oil exports in the law) and therefore can not be the one to the other alternative, This refers to the absence of any economic within the working group on the legislation this law.

Financing is one of the most important elements of development policies, but funding unless accompanied by policies to make adjustments in the systems and institutions and the introduction of appropriate policies in the economic and legal aspects, information and data, it becomes weak feasibility.

But Iraq is a problem for Ayani named finance, evidenced by the fact that actual spending on investment projects did not exceed 10% in 2006, Out (6) billion dollars earmarked for investment not only spends (600) million, With a total budget amounts in excess of approximately 2006 (8) billion dollars while (5) billion dollars in 2005. that is why the President in the faltering reconstruction operations in Iraq lies in the weak absorptive capacity of the Iraqi economy and not in finance.

Among these surplus funds can develop and implement detailed plans to add about (3) million barrels a day to the current production of energy (2) two million barrels per day, This means that Iraq could develop production capacity to (5) million barrels per day during the period 2007-2011 at a total cost of (20) billion dollars distributed to (4) billion dollars annually to develop ten of the oil fields already discovered the following : Madman, West Qurna, east of Baghdad, the son of Omar, Halfayah, Artawi, Nasiriyah, Tuba, Gharraf, al-Ahdab. Since these fields contain (63) billion barrels of reserve oil uncertain, and the investment risk away from racial or adventure in the search, investigation and exploration in particular that Iraq possesses enough of national competencies in the areas of investigation and exploration, drilling, production and reservoir studies.

With regard to modern technology owned by foreign companies, it is possible that Iraq obtained through technical service contracts or buy-back contracts, which contracts thriving in the oil states Chairperson of the Middle East and especially in Saudi Arabia, Kuwait and Iran. national private sector is to Aimitlk financial resources, expertise and technical capabilities that qualify for investment in the oil sector, it is fragile and weak, turning mostly abroad Mamugod it concentrated in the trade, construction

Why Excluding petroleum refining industry from the law?

Although Iraq suffered a severe problem in the provision of oil derivatives because of domestic consumption than local production and the reluctance of the State to develop the back burner and building new lines, which Maadi to increase adoption Iraq to the outside for oil derivatives, It therefore seems strange that opens the mining sector and production of Iraqi oil to foreign investment, while paragraph (b) of Article (2) of Chapter I exclude petroleum refining industry and manufacturing Astkhaddamathma industrial gas and the scope of this Law, law did not clarify whether justification for the exemption, however, keep these industries State or issued later by another law?


The powers of the House
Under paragraph (a) of Article (5) of Chapter II to determine the council's powers in the legislation of all federal laws for operations associated with the oil and gas and to ratify the international conventions oil. This means that Iraq's oil wealth will be represented, however, the executive council of the federal oil and gas, while necessary that the oil contracts with foreign investors to the House for approval, In this regard, we recall that the oil in Kurdistan stipulates that the oil contracts in the House and ratification by the Council of Ministers in Kurdistan.


The Federal Oil and Gas
Stated in paragraph (v) of article (5) of chapter II, to take into account the formation of the Federal Council representation of the basic components of the Iraqi people, this may lead to devote quotas and therefore weaken the Council's ability to make decisions, Furthermore, the draft law is in the absence of the Board to approve the contract submitted to him during the period of (60) days, the contract is in force, this principle is unacceptable because the Federal Council is the highest authority and therefore should not be accompanied by his limited binding


Long Iraqi

Translated version of http://www.sotaliraq.com/

Originally Posted by stratco

Mike are you saying that banks in the US will allow deposits of Euros?

No, I was referring to the many international banks which now allow online banking, although there may be new U.S. banks offering this option if more people ask for this option.

Good luck and health to all, Mike

MIKE, I think you can convert currancy in us banks but when making deposits it needs to be in USD. I beleive it Has to do with federal government being to keep trak of everyons money I may be wrong. Not sure. I will wait till the RV takes place and we can exchange the currencies. Most of the basnks don't know or are told not to divulge info on the dinar. so I am just Waiting and hoping that a RV does indeed Happen.---SOON!

Hashemi : What happens in Iraq will affect the security of the States

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Hashemi : What happens in Iraq will affect the security of neighboring states «sooner or later»

King Abdullah II, after a meeting with Iraqi Vice President : sectarian sedition threatens the future of the whole Islamic nation

Dead Sea «Mohamed Aldamh London :« Middle East »
While warned Iraqi Vice President Tariq Hashimi, yesterday, Iran's interference in Iraq's internal affairs, stressing that what is happening in Iraq would sooner or later their security and the security of neighboring states, the Jordanian monarch, King Abdullah II, at two separate meetings with Hashemi and Iranian Foreign Minister Manouchehr Muttaqi, The sectarian sedition in Iraq threatens the entire future of the Islamic nation, calling on the countries of the region and the international community to work for the stability of Iraq.

Hashemi told reporters on the sidelines of the World Economic Forum currently primarily on the west coast of the Dead Sea Jordan «We have to put pressure on Iran but must also be realistic about it. I know the truth of who is causing the problems (in Iraq), not only Iran, Syria and the neighboring countries but many nations ».

He explained that the Iraqi issue has become a threat to stability in the whole region, so everyone should be warned thereby. He added Hashemi «for the sake of national security Iranians on Iran not interfere in my country.

».

They must think seriously so ». He stressed that required of neighboring countries to stop flagrant interference in the affairs of Iraq, there should be no fighting behalf. He added «should be aware of these countries that what happens in Iraq will affect the security of the regional sooner or later».

On the multinational forces in Iraq, said Hashemi «I do not support the vision of foreign forces in the territory of my country this is something very important to talk about (sending) Arab and Islamic forces to Iraq».

He added, «There will be no safety net for these forces because they wear different hats». The Hashemite neighboring countries to encourage Iraqis to sit at the negotiation table for dialogue and debate on the outstanding issues including the issue of national reconciliation and participation in power and decision-making and reform of government agencies, especially the armed forces, disbanding the militias.

He pointed out «that these issues needed to difficult decisions, and there is controversy around national, and therefore the role of the neighboring countries to encourage Iraqis to sit at the negotiating table and encourage them to resolve these issues». He emphasized that the Iraqis themselves reconsideration of the convictions established after the invasion of Iraq, because there are those who say that there were winnings, and the required review including resulted from the political process at the present time, and thus re lining up positions behind each one national project.

On the dialogue will be between Washington and Tehran in Baghdad on 28 of the current month at the ambassadorial level, said Hashemi ultimately «I support the Iranians to end their interference in the affairs of Iraq, but we must not forget that it is not only Iran of interfering in Iraq».

Meanwhile, the Jordanian monarch, King Abdullah II during a reception Hashimi, Iraqi attempts to address each fueling sectarian strife and work to achieve national reconciliation, as quoted by the French News Agency, Jordanian News Agency (Petra) official.

According to the agency, has called King Abdullah II during a reception Hashemi yesterday evening, the Iraqis to confront all attempts fueling sectarian strife and obstructing efforts to achieve national reconciliation, which is a guarantee for building a new Iraq.

He warned that the continuation of the current situation in Iraq can not be security interests and regional stability. He briefed King Abdullah during his meeting with Iranian Foreign Minister Manouchehr Muttaqi, the efforts exerted by Jordan to put an end to sectarian fighting in Iraq, saying that the sectarian sedition threatens the future of the Islamic nation and serve the interests of the entire one. He explained that the Islamic nation faces unprecedented challenges great.

Translated version of http://www.sotaliraq.com/

Crisis World Bank reveals the gap between Europeans and Americans

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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After the resignation of Wolfowitz, to the lack of respect for rules «moral»

A Washington. P. B : reveal the crisis that led to the resignation of Paul Wolfowitz as head of World Bank gap still exists between the American administration and European countries after 4 years to wage war on Iraq.

Jan Vasquez, an expert on «Kato Seaman» (an American neo-liberal) said that the resignation Wolfowitz «may be justified, but his departure is more grudges towards him for his role in launching the Iraq war and his initiatives for the internal reforms of the lack of respect for ethical rules».

It was Wolfowitz, 63 years, before assuming the presidency of the World Bank in June 2005 (June), assistant minister of defense in the Bush administration and one of the main architects of the war on Iraq. And Bush has chosen to head the International Finance Corporation multilateral did not at that time be welcomed by European opposition to wage war on Iraq but bowed with the matter.

Said Steve Clemens Foundation «New America» «I think that many things to topple the place for Wolfowitz. There was a feeling grudges toward him the way I deal with the Europeans ..

.

But it is not the decisive factor. Wolfowitz has realized the same desire for revenge among some of his opponents.

Since the 12th of April (April 5) with the beginning of the crisis, which favored the accusations raised against him, said «For those who do not approve of my work in my past, I was no longer inside. I was no longer working for the American government, but I work for this institution and members of the 185 ».

According to tradition, Americans choose President of the World Bank with the Europeans choose head the International Monetary Fund. With the outbreak of the Wolfowitz Loud voices of many non-governmental organizations and also among some Member States calling for abandonment of this unwritten rule.

The Minister of Development and Cooperation Dutchman Bert Koenders Friday quality standards that must be overcome nationality criteria in the selection of the next president of the World Bank. But that is likely to lead to the Europeans claim the Americans retreat from the tradition of selecting the International Monetary Fund, which will taste the Europeans on what the opinion of the writer Devesh Kapur.

The United States is the largest contributor to the World Bank with 38.16% of the voting rights by Japan (86.7%), Germany (49.4%), France and Britain (30.4% each). The resignation of Wolfowitz, which will be effective on June 30 (June) next averted, the bank board is composed of 24 representatives of the 185 Member States from having to vote on impeachment. It remains that the Bush administration received a painful blow in his resignation.

But the Group of Eight major industrialized nations left freedom States geared up for the selection of who will succeed Wolfowitz, fearing the outbreak of the conflict in which the loss to the Europeans as Americans.

The White House spokesman Tony Fratto Friday that behind Wolfowitz may not be American stressing at the same time to say «traditionally Americans is that the candidate who becomes president of the World Bank». Will this situation on the European countries to accept the option of George W. Bush as it did two years ago for Wolfwitz.

الشرق الاوسط

Middle East

Translated version of http://www.sotaliraq.com/

Originally Posted by dinartank

What bank here in the US you can have a account in Euro and when you with draw to write a check gets converted into dollars? Or say i go to the ATM and with draw from my account it converts into dollars. Does this exist? Wachovia doesnt have this?? Who does? Thanks

Good question,

I don't know of any in U.S. that offer accounts in foreign denominations, so I use Nordic which offers serveral countries currencies. I use Caribbean as I travel there quite often, so I hold Euro primarily.

To learn more, this link will get you the general information.
Numbered Personnel : Offshore Financial Services : Offshore Simple : Offshore Personal Bank Account OffshoreWealth

Good luck and health to all, Mike

Tariq Al-Hashmi called for a national alliance, Barham Saleh warns

(صوت العراق) - 21-05-2007

(Voice of Iraq) - 21-05-2007

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Tariq Al-Hashmi called for a national alliance, Barham Salih warns of the spread of chaos

Politicians participants in the International Economic Forum urged to support national reconciliation and the unity of Iraq

AFP multiple agencies : The Iraqi officials and spe******ts, and the countries of the region yesterday, "the need to stop interfering in Iraqi affairs, and maintain the integrity and unity of Iraqi territory, and support the efforts of national reconciliation between all groups." They urged at the meeting (Iraq and the regional dimensions), which was held on the sidelines of the World Economic Forum Dead Sea Latin for "engaging Syria and Iran in dealing with the difficult conditions experienced by Iraq, so do not apply to the entire region, which hinder stability and ignites a spark sectarian differences."

The Vice President Tariq al-Hashimi said : "Iraqis do not welcome any foreign entity on the territory of Iraq, and we reject interference in our internal affairs," stressing that "the deteriorating security situation in Iraq will affect neighboring states, the fact that Iraq's security from the security of the region." He stressed that "Iraq needs to be genuine efforts to promote the components of national reconciliation and talk about the future, peace and the renunciation of violence and move toward development and construction."

In this context he said that "Iraq needs a national alliance backed by a global alliance also needs to neighboring countries to come to terms with the Iraqi government to pave the way for resolving many outstanding problems."


Meanwhile, Deputy Prime Minister Barham Ahmed Salih of the spread of chaos prevailing in Iraq to cover the countries of the region, stressing the need to address long pause political process.


Dr. Saleh said in a press statement on the sidelines of his participation in the forum that "the future of Iraq is important not only for Iraqis but for the region", and expressed his hope to turn Iraq's stability, prosperity and security to the benefit of regional and international joint ventures.


He called for the need for "everyone is aware that the chaotic situation in Iraq will remain confined within its borders, but will go beyond that to spread to the region," adding that "the success of the forces of extremism and terrorism in Iraq would mean starting to threaten the interests of everyone in the region."


In this area, Dr. Saleh expressed his hope that everyone stand in one row, whether in Iraq or in the Territory to face Oppressive, explaining that "we are advocates of regional understanding of the international consensus supporting the Iraqi particularly since Iraq is facing a ferocious onslaught of extremists and terrorists."




He confirmed the presence of "deposits serious flaw in the political process requires review and address," adding that "defeat terrorism in Iraq requires quality, and another case of performance-based Unison national serious and comprehensive to meet the challenges" and said "we have no choice but to succeed we can not fail to extremists."


Replying to a question, he said that "there are discussions Iranian American interesting, we hope that these discussions turn into conflicts on the Iraqi arena, and ending the liquidation of these accounts on the arena burden emerging political process in Iraq and the Iraqis pay for it."

As for the benefit of Iraq from the World Economic Forum being held in the Dead Sea, Dr. Saleh said it was "an opportunity to get acquainted with what is going on in the region of visions and currents around issues of the region is also an occasion for Iraq to the definition of the Iraqi point of view, put his vision on conditions and issues in the region."

In turn, confirmed the Jordanian Foreign Minister Abdel Elah Khatib, "Iraq's unity and territorial integrity are a Jordanian, and is vital for all countries in the region that are impeding stability destabilization of the strategic interests of all countries in the region." Khatib called Iraqis to "achieve national reconciliation to convince the world need help, and stop interfering in their affairs."


He said that "intervention may bring some immediate interests, but will generally to the security and future of the region, particularly that no State was free of the risks of sectarianism."


The World Economic Forum began its work last Friday with the participation of political figures and Arab economic world to discuss issues of the region and the political and economic situation.



The Iraqi


Translated version of http://www.sotaliraq.com/

Bayati told PUKmedia : Committee for amending the Constitution referred questions distribution of wealth and regional authorities and Article 140 to the heads of lumps


Abbas Bayati announced member of the Iraqi constitution amendment in the House of Representatives on the transfer of three controversial issues Provosts political blocs to decide and resolve.

.Bayati added in a statement to Al PUKmedia that constitutional review is proceeding well and there is greater room for political consensus, the Constitutional Commission has completed complementary aspects pertaining to independent judiciary and structural as well as the Federal Council.

.Bayati pointed out that the committee to review all the constitutional articles of the first article to article in the light of recent revisionism proposals submitted by the political blocs and civil society institutions.

.Bayati stressed that there are three contentious issues that have been transmitted to the Provosts blocs and political entities for the purpose of resolve and action, which the distribution of wealth, monopoly law authorities and the regional authorities, and Article 140, and given the sensitivity of the subjects referred to the Provosts blocs and political entities to resolve, pointing out that there is another small subjects such as the identity of Iraq, and that the Commission is determined to abide by the ceiling schedule for the completion of the constitutional amendments.

. He concluded by saying we will Bayati our report to the House at its next meeting next Tuesday, and we will await the decision of the Chamber of Deputies extended the time period is allocated to us for the completion of the constitutional amendments, and I expect that we will have the additional period of about two weeks, this time to terminate our minds.
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