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

Kurds hope to end the differences of Iraqi Energy Law
Translated by IRAQdirecotry.com - [17/05/2007]

Senior officials from Kurdistan region will head to Baghdad within this week hoping to end the dispute with the central government about the draft law of oil concerning the distribution of oil revenues in the country which possesses the third largest reserves in the world.

Iraqi Prime Minister Nuri al-Maliki, who is under pressure to proceed with the adoption of the important oil law which Washington says it is vital to settle the sectarian divisions among the various sects and nationalities in Iraq, had said during an international economic conference on Iraq this week that the draft law had been submitted to Parliament for voting.

However, a source in the oil industry in Iraq, said that the bill is still in possession of a body of the State responsible for drafting the bill and that the Kurds still have reservations about the supplements which they say that they will withdraw oilfields from under the control of regions and place them under the control of a new oil company owned by the State.

The enactment of the oil law is vital to ensure the introduction of foreign investments to promote Iraq's oil production and rebuild an economy ravaged by wars. The Kurds insist that they want a separate law on the management of oil revenues provides for the establishment of a Kurdish fund; however, the government said it wants to put the proceeds in a central account and distribute them according to the country's population.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3782

Activate cooperation with Russia in oil fields
Translated by IRAQdirecotry.com - [17/05/2007]

Iraqi Oil Minister Hussein Shahrastani called on Russian companies to participate in the competitions on oil projects, including the development of fields and the establishment of refineries in all parts of Iraq, like the known global companies, after approving the oil law.

Shahrastani said during his meeting with Russian ambassador in Iraq, Vladimir Jamov: “We are discussing with Russia, ways of strengthening relations between the two friendly countries in various fields, particularly in the area of oil and gas; Iraq expresses its desire to develop relations with Russia in a way that serves the common political and economic interests between the two friendly countries”.

Shahrastani pointed out that: “it is necessary to activate the (Iraqi-Russian) joint committee, to strengthen cooperation between the two countries”, and said that:”Russian government should write off its debts on Iraq just like the countries of Paris Club did, and which Russia is one of its members, but has not done so yet; however Iraq expects such initiative from Russia at the International Conference in Sharm el-Sheikh”.

He continued that: “Iraq would not commit to any contract concluded outside the framework of the existing laws that limit the negotiation and contracting in the area of oil and gas to the Oil Ministry, pending the enactment of the new oil and gas law”, adding: “foreign companies must conclude contracts only through the federal government and the Ministry of Oil which warns companies that violate Iraqi laws to bear the responsibility of their actions”. He pointed out that: “any contract in Iraq outside the federal government is considered illegal”.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3783

I found this someplace else. Over there they seem to think that this could be the end of our reval theory????? Too many "bad guys" with a whole lot of money. Thoughts???

Diala-Robbery :: Aswat al Iraq :: Aswat al Iraq

Diala-Robbery
Gunmen steal $ 860,000 from government accountants in Diala
By Aasem Taha
Baaquba, May 17, (VOI) - Unknown gunmen on Thursday stole one billion Iraqi dinars ($ 860,000) from government accountants as they left a Diala bank with bags of cash, a security source said.
"Gunmen in four vehicles laid an ambush in central Baaquba for government accountants with one billion Iraqi dinars as a monthly social security program fund for poor families in Diala," the source, who asked not to be named, told the independent news agency Voices of Iraq (VOI).
He added, "the gunmen escaped with the equivalent of $ 860,000."
Baaquba, capital city of Diala province, is 57 km northeast of Baghdad.

The Central Bank starts applying the electronic payment system
Translated by IRAQdirecotry.com - [17/05/2007]

The Iraqi Central Bank began applying the electronic payment system RTGS, with the accession of a number of Iraqi banks effectively.

A source in the Bank said that: the modern payments system would facilitate payment processes among banks and between them and the Central, as all banks have accounts in the Central Bank; reconciliations are done through moving these accounts also.

He added that the Bank seeks to develop such a mechanism in future in a way that exceeds the scope of the banking sector, pointing out to linking the Ministry of Finance to this system, and added that the work on linking the Iraq market for securities, as well as remittances and bonds in the Central Bank.

The source indicated that the Bank is working on establishing a system for clearing checks electronically and has good and concrete preparations to develop the Iraqi banking sector to cope with the international development.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3781

they need to reval, right now, today.

Originally Posted by MOM2TWO

I found this someplace else. Over there they seem to think that this could be the end of our reval theory????? Too many "bad guys" with a whole lot of money. Thoughts???

Diala-Robbery :: Aswat al Iraq :: Aswat al Iraq

Diala-Robbery
Gunmen steal $ 860,000 from government accountants in Diala
By Aasem Taha
Baaquba, May 17, (VOI) - Unknown gunmen on Thursday stole one billion Iraqi dinars ($ 860,000) from government accountants as they left a Diala bank with bags of cash, a security source said.
"Gunmen in four vehicles laid an ambush in central Baaquba for government accountants with one billion Iraqi dinars as a monthly social security program fund for poor families in Diala," the source, who asked not to be named, told the independent news agency Voices of Iraq (VOI).
He added, "the gunmen escaped with the equivalent of $ 860,000."
Baaquba, capital city of Diala province, is 57 km northeast of Baghdad.

then they dont have a clue as to what going on!!! this wont stop the train just a small bump nothing more than that!!!

Originally Posted by chadm

found this somewhere else im not sure if it has been posted here or not but wanted to post ithere just incase ,by the way this interview is a year old


''AC Question:
I know for over a year that Iraq Govt. CBI and Iraqi customs have been attempting to put a stop to the smuggling of Iraq Dinar out of the country. Do you think the smuggling has increased or decreased as the new Iraq government is almost completed? What is your feeling on the Iraq Dinar speculators that are holding the Iraq Dinar outside of Iraq?


CEO Al-Bunnia:
It has always been the case since many decades ago that Iraqi currency is not allowed to be exchanged or exported outside Iraq. The law is still on now. Nothing deters the Iraqi businessman(smuggler ) from looking at an opportunity and grasping it which will generate him huge profits. Even with sadam stringent fist and control could not stop the smuggling of the Iraqi dinar before the invasion of Kuwait (as after wards there was no value to the Iraqi dinar).My advise to those Iraqi dinar speculators is that they are taking the risk of by buying Iraqi dinar because I really do believe that the currency will be changed in the near future once the government is stabilized and settled and also there is a large number of fraudulent currency moving in the economy in which it will be difficult to control. The reason for that falls in two points. The first point is that the central bank of Iraq is putting an RFP to the supply of printing money machines. The second point, there is no signature of the governor of the central bank of Iraq on these notes which by law is not acceptable. ''
__________________________________________________ _________

Someone has this governor's signature on the notes??

Minister of Industry : up to invest because deprive the ministry of specialties government




قال .Fawzi Hariri, said Minister of Industry and Minerals that the ministry supports all efforts to support the Ministry's companies and all levels through loans will be given to help the ministry and the revitalization of the industrial field and then opening the ministry to the international community.

.Hariri said in a joint press conference with Paul Bernclai Undersecretary of the Ministry of Defense of the economic transformations today that the government is to guide the industry to guide the market, despite the inability of companies to compete with the ministry market at the present time because of the escalation and is also not as much as the country imports.

.He pointed out that the reason for the delay in the Ministry of Labor or the presence of absence of the Chief us is what came as approved by the government Jaafari as there was a directive that the ministry on the self-financing during the year 2007 the ministry had not received any payment supportive and this is one of the problems with this task but we must continue to provide employment for all companies, and thus provide opportunities for selling the product to provide what we need from Meseltzmat allocations to employees.

.He continued, there are plans to provide technical support to the needs of companies and the Ministry of Industry and Minerals in collaboration with the Ministry of Finance to provide soft loans to enable companies to work.

.Hariri said : inter What we seek is our game during the visit by the Prime Minister to Japan several companies agree with the rehabilitation of companies in addition to the ministry and the Ministry of Oil but Japanese and Korean companies submitted bids to Iraq for the rehabilitation of some of these institutions fictional terms ranging from three to four years.

.He pointed out that the privatization issue before him many explanations and guide us towards a market economy may ensure the success of employees and their business, as well as guaranteeing the future of the ministry and provide job opportunities for others later stages of privatization, which comes after ten years and provide higher salaries for associate Estelmunh thus far.

.He attributed the reason to resort to the ministry of privatization and investment is that some companies affiliated to the ministry, such as factory was completely destroyed Abu Ghurayb so that the Ministry is seeking to get eight million dollars to rehabilitate the plant.

العراقAnd higher prices benzene Hariri said that increased demand for gasoline in Iraq, more than 10 times what was needed in the past, Iraq is not able to provide the large quantities needed by Iraq

.Pointing out that the Al-Dawra refinery aged more than 55 years in addition to other refineries, which lacks the technical compared to the existing refineries in other countries.

من.For his part, Paul Bernclai that there are significant efforts being made by his ministry to expand the industrial field in Iraq has 150 Our American people to support this plan. ".The debates are advanced for large projects in Kurdistan, Mosul, Baghdad and the heart of our joint work with those responsible Iraqis, noting that the emphasis was about : "To attract businessmen relate fundamentally with Iraqi companies."

وقال.He said that the vision of the American and Iraqi governments in this area is to open the door to prosperity and open economy. .He continued, we are trying to establish a business portal in Iraq to provide entrance to the President of Iraq to the prospects for the international community and Iraq qualified to this openness.
.The Bernclai : every plant in Iraq faces considerable challenges some of which require new tools and others require some investments and the provision of energy, pointing out the intention of these generators processing factories.


وزير الصناعة: لجأنا الى الاستثمار بسبب Ø*رمان الوزارة من التخصيصات الØ*كومية

Originally Posted by MOM2TWO

I found this someplace else. Over there they seem to think that this could be the end of our reval theory????? Too many "bad guys" with a whole lot of money. Thoughts???

Diala-Robbery :: Aswat al Iraq :: Aswat al Iraq

Diala-Robbery
Gunmen steal $ 860,000 from government accountants in Diala
By Aasem Taha
Baaquba, May 17, (VOI) - Unknown gunmen on Thursday stole one billion Iraqi dinars ($ 860,000) from government accountants as they left a Diala bank with bags of cash, a security source said.
"Gunmen in four vehicles laid an ambush in central Baaquba for government accountants with one billion Iraqi dinars as a monthly social security program fund for poor families in Diala," the source, who asked not to be named, told the independent news agency Voices of Iraq (VOI).
He added, "the gunmen escaped with the equivalent of $ 860,000."
Baaquba, capital city of Diala province, is 57 km northeast of Baghdad.

Here is another edition to it as well:

Armed robbery in the death toll billion dinars

تمت إضافة الخبر بتاريخ 17-5-2007, 17:50

Added news on 5-17-2007 17:50

... Armed robbery in the death toll billion dinars

Baquba-conscious - of Omar Abdel Rahman

A security source from the Iraqi police in Baquba today, Thursday, a broad that the armed Busto armed salaries one of the capital and seized billion Iraqi dinars.
Where the source said the armed group, the armed robbery on the salaries of the Directorate of Social Welfare on Thursday afternoon, where, according to a source formation
A committee of three employees, and (5) protection of personnel to bring the salaries of the people of the death of the Rafidain Bank, received salaries, which are estimated one billion Iraqi dinars after assuming billion!!!

Memorial dinars gunmen ambushed staff in the area Khalil Pasha, and took the staff and guards to an unknown and captured the salary!

..

This source did not give any other details

Translated version of http://www.iraq4allnews.dk/index.php?sec=home

: the announcement during the negotiations with the World Trade Organization, Trade Minister : Iraqi economy on the verge of dramatic evolution

Dr. Abdel farmer Hassan, the Sudanese Minister of Trade optimistic successful future negotiations with the World Trade Organization to be held in Geneva later this month. Sudanese announcement during the Iraqi negotiating team that Iraq had completed all the mechanisms and questions addressed to him by the International Organization

In addition to the complete set of laws, legislation and sent to the State Consultative Council and the Council of Ministers to be studied in order to keep abreast of Iraq's participation in the World Trade Organization, adding that the negotiating team for three years and succeeded in completing all'll requirements of the World Trade Organization and develop appropriate responses for each organization offers Therefore, we are optimistic that the outcome of future talks held in Geneva with a team represented by the exit of the recommendations of the task could accept Iraq in the light of the implications of the results.

The Sudanese to the importance of education and public awareness through media releases and in the importance of Iraq's accession to the WTO that this economy will gain (strength and evolution), and inform the experiences of the developed countries of the Organization for the freedom to control the operations of the global economy and trade, pointing out that the government had issued several laws that serve the economy and facilitate coordination with the global economy, where the form of the investment major turning point future results will be significant movement of the market economy and to develop the country and most of the provinces that suffered greatly as a result of their negligence and reliance on central control of the State on the economic movement and the minister stressed that Iraq's accession to the WTO does not necessarily mean acceptance of new restrictions imposed on the Iraqi economy, laws and regulations of the organization and that some Yatekadha Thus Thus but some team work places this side the best interest of the country and the interests of the Iraqi rights before taking any action addition, we find that the Iraqi economy has great potential able to overcome all the problems of the present and to come back to the top of the economics of the world.

Stressing the importance of Iraq's presence in international organizations being shunned for many years and it was unacceptable that this move away from what is happening in the world of enormous economic developments will seek to make use of it to serve the Iraqi economy, and thus determine the feasibility of presence in these international organizations.

The meeting was considered a range of topics and mechanisms put forward by the negotiating team representing the Iraqi government before the World Trade Organization in Geneva and already the government sent many of the questions asked and answers to consider Iraqi request seriously.

كل العراق - حيدر الرماحي

All parts of Iraq - Haider Alermahi

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