Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

I have no clue when this article was written, nor do I recall ever reading it. It is evidently prior to November '06 since it refers to the current rate being 1460. The reason for posting it is because of all the talk of lower coinage. Maybe someone can make sense of it all....

Is the goal of the minting and circulation of currency mineral?

Citizens and economists : There is no meaning for the issuance of new currency
Baghdad / Mousa Kazem

Over about a year ago to put Coin three categories by the Iraqi Central Bank of circulation to strengthen the role of the national currency (the Iraqi dinar) and the rebirth of cash in small groups daily dealings affected by the rise in prices is largely left these categories of coins influence evident in the movement of dealing daily or not?

Mr. Director of Research and Statistics in the Iraqi Central Bank says the amount of cash metal coins billion Iraqi dinars were offered for circulation through the branches of the Rafidain Bank as a first phase for the experiment has followed this currency in the event another success meters and the largest quantity along minting other categories of Iraqi currency in circulation This case will depend on a number of factors, including the stability of the exchange rate improves the Iraqi dinar, which seeks an Iraqi Central Bank tirelessly since the bank was able to control the exchange rate of the Iraqi dinar since the convergence of the year is a major achievement has confidence in the national currency (Iraqi dinars) at home and abroad after a period long vibration fluctuations via an auction sale of foreign currency, which contributed greatly to the stability of the exchange rate of the Iraqi dinar in sucking cash continuously for the benefit of a reduction in prices in the local market through the allocation of the money supply in circulation.

The 7 trillion Iraqi dinars, also making way for Iraqi banks for the circulation of foreign currencies and opening accounts and foreign transfers of foreign currency, but inflation prevailing now contributes to the exclusion of dealing in metal they do not meet the payment due to the reality of high prices, but the future will be in the deal in the mineral We must combine several factors for the success of this experiment The turnover in the wheel of the Iraqi economy now stop the reconstruction process considerably as the weak capital investment by foreign and Iraqi security situation as well as the instability of supply and demand in the market and the slowdown in the movement of local production, but the indications are exceeded all kinds of obstacles that limit the movement of the economy Iraqi enjoyed several advantages qualify for the advancement of the activity and to contribute to improve the quality of life along the Iraqi contribute effectively in the global economy and then to deal in small groups cash and coins in current and future by the movement of prices at which positively reflected in the demand for the circulation of those currencies.

There was no need for the currencies of metal

Dr. Emad Mohamed Ali Ani, professor of monetary and financial economics in the Faculty of Administration and Economics University of Baghdad, says there is no need realistic imperative minting coins with reality than daily dealings need not merely minting and putting into circulation only since the turn did not leave the circulation billion Iraqi dinars from the currency mineral minimal, in fact improve the exchange rate of the Iraqi dinar is not in business since the prevailing prices in local markets depart significantly from dealing with this type of currency exchange on the minting and transfer from Europe to Iraq amounts which could be spent on another futile instead stop wasting money and time in this process unproductive because pumping quantities of coins to Iraqi bank branches may cause confusion and delay in the work of these banks require those groups working for the cash transfer, storage and counting.

It is possible that the process of minting coins until the exchange rate improves and the Iraqi dinar to reach the barrier of 500 dinars compared to the American dollar, one of the more meaningful process will have to deal with small-scale monetary categories including coins, which would demand strong and then by the reality of prices, which Semmel declining clearly as nothing more than a game played by children with hope in circulation in the near future when the economic situation improves, which is to improve the improved security conditions, which are the foundations of economic activity activity, economic prosperity and stability Walid.

The non-commercial

Ms. Hind Numan Al-Qaisi Bank Director economy the main branch in Al-Mansour says :
Left minting and circulation of foreign currencies in a simple fact high prices and the movement of funds as there is no demand by dealers with our Bank (client) has not entered our Bank "Bank of the economy" "Company eligibility contribution" a specified quantity of this currency, in addition to the lack of state deposit one of these categories of cash As in the case of the replacement of the current Iraqi currency by deleting several zeroes from the reality of it dealing in mineral prosperous largely as it was two decades ago, and this issue may require additional years before embarking implemented either put Coin for circulation at the present time is a kind of commonality with the currencies of other countries as distinguished as containing metal categories.

Reality

Talal witnessed student in the second grade Faculty of Administration and Economics, Department of Economics, University of Baghdad, says : there was no circulation of currency mineral significantly did not notice its presence when fellow students at the university since the cheaper things are sold at a price (250) Dinara Kalajabs and Alenstlah and bottles of carbonated drinks and other items sold in the shop sometimes definitely watching college than among children.

Adnan Husni trader in the market Alshorgh says no dealings categories coins There is no minimum demand has Ashahdha only a few times and this indicates a lack of relevance is clearly not only the minting only cope with the conditions the money other container of this type of currency, the Iraqi Central Bank signed in clear contradiction when humans citizens CREATION metal and currency effects in the market, prices and other such rhetoric at the same time insist increasingly on improving non-Iraqi dinar exchange rate even by (1%) The current exchange rate (1460) dinars to the dollar American sacred figure not to be changed when it happened and clear improvement in the exchange rate of the Iraqi dinar shortly before the hit rate (1280) dinars to the dollar rushed to the Central Bank exchange rate to the previous price and it is this improvement bubbles work speculators in the market!

Instead of supporting this improvement, which is in favor of reducing the reality of prices inflammatory and left adverse effects on the majority of Iraqis living below the poverty line either traders generally Vitahamlon foreign currency exchange rate does not let the Iraqi dinar a significant impact on them Goods Asturduha from abroad Abiaha to shopkeepers carried out by the American dollar and the outcome of the profits as well as the currency, and when the proceeds of Iraqi dinars hasten to convert to dollars that practical based primarily on the currency. If the coin Confer is incumbent upon the Iraqi Central Bank to improve the exchange rate of the Iraqi dinar significantly, they will remain a currency of the game played out like the rest of children playing games.

Dia Husseini teacher wrote : I expected better from minting coins but it seems that the reality is stronger than hopes movement towards rising prices left their mark on the most adverse segments of society, especially people with limited income or unemployed to work to make them look at the Coin look savior of the greed and ambition of traders and vendors who raise prices without constantly to turn our attention to the reality of people's circumstances at the time there was no system that determines prices and protects people from the reader if left matters as the strong eat the weak jungle without the intervention of the State under the slogan of globalization and a free economy, market movement, and so the names of saturation Shabaan and become hungry Zaina no longer s valuable work on and I do not know why minting Is it a matter of luxury and kidding and laughter on the poor and showing off in front of people that we have a coin like them? Or it does not know the secret benefits only players money?

Are we life of a dead body?

Hisham Ali retired staff member says : incumbent restore life to Coin to achieve the purpose of putting into circulation, and help us in our daily lives Salaries are inconsistent with price and currency akin to the mineral matter drowned expected Enthalh from drowning, but it seems that this currency is not good at this task is not to limit the price rise and there the lowest kind of deal and I think that the bulk anthrax leaked to the dealers in antiques and Althaviat inside and outside Iraq to add to what they have to them and the futility of minting before PRICE HIKES outrageous that toppled currency paper before the coins.

Abdullah promised the store to sell household items, wrote : accruing to the significant amount of miscellaneous coins by sales of sweets and Alnsatel and gypsum for children not accept this kind of deal only children currency has attempted purchase requirements Dechani be, but others are reluctant to accept due to lack of relevance, as well as a need for counting the time it decided to Allah Tphaz them for the future day may come when re-consideration of currencies metal as daily transaction is widely acceptable by the various segments of society.

Translated version of http://www.almadapaper.com/sub/12-552/p05.htm

Cheers!
DayDream

Iraqi newspaper : 15 companies compete for contracts triumphant drilling 100 oil field

27 / 05 / 2007

Baghdad, a b-d
News reports said yesterday that 15 Arab and foreign trap compete to win contracts to invest 100 oil wells in southern Iraq within the framework of the Iraqi Oil Ministry to increase crude oil production rates in the country.

Sabah newspaper quoted government official as saying that the oil ministry, "15 Arab and foreign companies, including companies with Syrian and Iranian, American, expressed willingness to directly in the drilling of 50 oil wells in the Basra province and another 50 wells in the governorate of Amarah."

He added that the ministry "is currently considering submissions by these companies and will select offers that are consistent with the best interests of the Iraqi people, especially as the duration of drilling wells ranging between one and three years

marsadiraq.com

Originally Posted by DayDream

I have no clue when this article was written, nor do I recall ever reading it. It is evidently prior to November '06 since it refers to the current rate being 1460. The reason for posting it is because of all the talk of lower coinage. Maybe someone can make sense of it all....

Is the goal of the minting and circulation of currency mineral?

Citizens and economists : There is no meaning for the issuance of new currency
Baghdad / Mousa Kazem

Over about a year ago to put Coin three categories by the Iraqi Central Bank of circulation to strengthen the role of the national currency (the Iraqi dinar) and the rebirth of cash in small groups daily dealings affected by the rise in prices is largely left these categories of coins influence evident in the movement of dealing daily or not?

Mr. Director of Research and Statistics in the Iraqi Central Bank says the amount of cash metal coins billion Iraqi dinars were offered for circulation through the branches of the Rafidain Bank as a first phase for the experiment has followed this currency in the event another success meters and the largest quantity along minting other categories of Iraqi currency in circulation This case will depend on a number of factors, including the stability of the exchange rate improves the Iraqi dinar, which seeks an Iraqi Central Bank tirelessly since the bank was able to control the exchange rate of the Iraqi dinar since the convergence of the year is a major achievement has confidence in the national currency (Iraqi dinars) at home and abroad after a period long vibration fluctuations via an auction sale of foreign currency, which contributed greatly to the stability of the exchange rate of the Iraqi dinar in sucking cash continuously for the benefit of a reduction in prices in the local market through the allocation of the money supply in circulation.

The 7 trillion Iraqi dinars, also making way for Iraqi banks for the circulation of foreign currencies and opening accounts and foreign transfers of foreign currency, but inflation prevailing now contributes to the exclusion of dealing in metal they do not meet the payment due to the reality of high prices, but the future will be in the deal in the mineral We must combine several factors for the success of this experiment The turnover in the wheel of the Iraqi economy now stop the reconstruction process considerably as the weak capital investment by foreign and Iraqi security situation as well as the instability of supply and demand in the market and the slowdown in the movement of local production, but the indications are exceeded all kinds of obstacles that limit the movement of the economy Iraqi enjoyed several advantages qualify for the advancement of the activity and to contribute to improve the quality of life along the Iraqi contribute effectively in the global economy and then to deal in small groups cash and coins in current and future by the movement of prices at which positively reflected in the demand for the circulation of those currencies.

There was no need for the currencies of metal

Dr. Emad Mohamed Ali Ani, professor of monetary and financial economics in the Faculty of Administration and Economics University of Baghdad, says there is no need realistic imperative minting coins with reality than daily dealings need not merely minting and putting into circulation only since the turn did not leave the circulation billion Iraqi dinars from the currency mineral minimal, in fact improve the exchange rate of the Iraqi dinar is not in business since the prevailing prices in local markets depart significantly from dealing with this type of currency exchange on the minting and transfer from Europe to Iraq amounts which could be spent on another futile instead stop wasting money and time in this process unproductive because pumping quantities of coins to Iraqi bank branches may cause confusion and delay in the work of these banks require those groups working for the cash transfer, storage and counting.

It is possible that the process of minting coins until the exchange rate improves and the Iraqi dinar to reach the barrier of 500 dinars compared to the American dollar, one of the more meaningful process will have to deal with small-scale monetary categories including coins, which would demand strong and then by the reality of prices, which Semmel declining clearly as nothing more than a game played by children with hope in circulation in the near future when the economic situation improves, which is to improve the improved security conditions, which are the foundations of economic activity activity, economic prosperity and stability Walid.

The non-commercial

Ms. Hind Numan Al-Qaisi Bank Director economy the main branch in Al-Mansour says :
Left minting and circulation of foreign currencies in a simple fact high prices and the movement of funds as there is no demand by dealers with our Bank (client) has not entered our Bank "Bank of the economy" "Company eligibility contribution" a specified quantity of this currency, in addition to the lack of state deposit one of these categories of cash As in the case of the replacement of the current Iraqi currency by deleting several zeroes from the reality of it dealing in mineral prosperous largely as it was two decades ago, and this issue may require additional years before embarking implemented either put Coin for circulation at the present time is a kind of commonality with the currencies of other countries as distinguished as containing metal categories.

Reality

Talal witnessed student in the second grade Faculty of Administration and Economics, Department of Economics, University of Baghdad, says : there was no circulation of currency mineral significantly did not notice its presence when fellow students at the university since the cheaper things are sold at a price (250) Dinara Kalajabs and Alenstlah and bottles of carbonated drinks and other items sold in the shop sometimes definitely watching college than among children.

Adnan Husni trader in the market Alshorgh says no dealings categories coins There is no minimum demand has Ashahdha only a few times and this indicates a lack of relevance is clearly not only the minting only cope with the conditions the money other container of this type of currency, the Iraqi Central Bank signed in clear contradiction when humans citizens CREATION metal and currency effects in the market, prices and other such rhetoric at the same time insist increasingly on improving non-Iraqi dinar exchange rate even by (1%) The current exchange rate (1460) dinars to the dollar American sacred figure not to be changed when it happened and clear improvement in the exchange rate of the Iraqi dinar shortly before the hit rate (1280) dinars to the dollar rushed to the Central Bank exchange rate to the previous price and it is this improvement bubbles work speculators in the market!

Instead of supporting this improvement, which is in favor of reducing the reality of prices inflammatory and left adverse effects on the majority of Iraqis living below the poverty line either traders generally Vitahamlon foreign currency exchange rate does not let the Iraqi dinar a significant impact on them Goods Asturduha from abroad Abiaha to shopkeepers carried out by the American dollar and the outcome of the profits as well as the currency, and when the proceeds of Iraqi dinars hasten to convert to dollars that practical based primarily on the currency. If the coin Confer is incumbent upon the Iraqi Central Bank to improve the exchange rate of the Iraqi dinar significantly, they will remain a currency of the game played out like the rest of children playing games.

Dia Husseini teacher wrote : I expected better from minting coins but it seems that the reality is stronger than hopes movement towards rising prices left their mark on the most adverse segments of society, especially people with limited income or unemployed to work to make them look at the Coin look savior of the greed and ambition of traders and vendors who raise prices without constantly to turn our attention to the reality of people's circumstances at the time there was no system that determines prices and protects people from the reader if left matters as the strong eat the weak jungle without the intervention of the State under the slogan of globalization and a free economy, market movement, and so the names of saturation Shabaan and become hungry Zaina no longer s valuable work on and I do not know why minting Is it a matter of luxury and kidding and laughter on the poor and showing off in front of people that we have a coin like them? Or it does not know the secret benefits only players money?

Are we life of a dead body?

Hisham Ali retired staff member says : incumbent restore life to Coin to achieve the purpose of putting into circulation, and help us in our daily lives Salaries are inconsistent with price and currency akin to the mineral matter drowned expected Enthalh from drowning, but it seems that this currency is not good at this task is not to limit the price rise and there the lowest kind of deal and I think that the bulk anthrax leaked to the dealers in antiques and Althaviat inside and outside Iraq to add to what they have to them and the futility of minting before PRICE HIKES outrageous that toppled currency paper before the coins.

Abdullah promised the store to sell household items, wrote : accruing to the significant amount of miscellaneous coins by sales of sweets and Alnsatel and gypsum for children not accept this kind of deal only children currency has attempted purchase requirements Dechani be, but others are reluctant to accept due to lack of relevance, as well as a need for counting the time it decided to Allah Tphaz them for the future day may come when re-consideration of currencies metal as daily transaction is widely acceptable by the various segments of society.

Translated version of http://www.almadapaper.com/sub/12-552/p05.htm

Cheers!
DayDream

Is the Yazzman rate still a possiblity?

And what does this mean, and I quote:

Are we life of a dead body?

What the.. I hope thats not my dinars they're talking about.
It does seem dated, but coinage talk is encouraging and I am glad you
posted it.

Shahrastani confirms that 80% of the company's oil and national deputies say the opposite

27 / 05 / 2007
Shahrastani confirms that 80% of the company's oil and national deputies say the opposite

Parliamentary sources : oil law may not approve two months ago
Baghdad-Sabah.
It seems that the oil will not countenance the deadline as long as its internal and external views of the end of the month, may lead to the emergence of intersections during the discussion under the dome of the House of Representatives

According to parliamentary sources, the Oil and Gas Board had informed British economists that the vote on the law may be delayed two months or more. The government is working through the urging of members of the Permanent Council to expedite the enactment of laws and legislation necessary to be able to implement projects and programs within the priorities of their investment plans and service.

Nur al-Din Alehyale deputy compatibility and member of the oil to "Assabah", the Committee met yesterday a delegation Great assured him that the law needed more time for discussion, in addition to the expected completion of the constitutional amendments because of the existence of a conflict with the provisions of the law as well as Matsafar in talks between the central government and the government of Kurdistan.

A delegation headed Ngervan Kurdistan Prime Minister Barzani of the Kurdistan had conducted with officials in the central government talks, especially for Mr. Prime Minister Nuri al-Maliki delegation several days ago. According to the law Alehyale assurances of oil and gas had collided with the light only after two months or more after the House resolution to extend the work of the constitutional amendments to one month.

Committee member says that the law contains three types of contracts with foreign companies, the investment are : service contracts and swaps and participation, He emphasized that "the majority of parliamentarians support the first two types because they stipulate that foreign companies operating either through the wage agreed upon, or giving quantities of oil Kmagaeidah on its work with the Type III rejected most of the parliamentarians Astha 40% in favor of this company for upgraded or established fields or oil refineries and gas. " However, the oil minister Hussein Shahrastani denied this, stressing that the expected oil is not provided for production sharing contracts will ensure control of the National Oil Company, 80% of the oil reserves.

He added Shahrastani said in press statements made yesterday : this means that 80% of the oil reserve discovered dedicated to the Iraqi national company, which invalidates the claim that the law will pave the foreign companies monopolizing the oil in Iraq, pointing out that the exploitation of oil fields other left of the federal oil and gas.

marsadiraq.com

Latest news : heads of political blocs will meet to resolve differences Constitution

27.05.07

The commanders of the political blocs in the House of Representatives and the party leaders meeting this week to discuss differences on amending some articles of the new Iraqi constitution, which referred to the Committee on the amendments.

The Committee was unable to resolve disagreements over the distribution of wealth and regional authorities and the application of Article 140 of the Constitution relating to the normalization of the situation in Kirkuk. As the Committee was unable to resolve differences over Article 41 relating to personal and Article 73 relating to the powers President of the Republic, where is the call for the expansion of these powers.

The Kurdistan Alliance rejected two proposals for the constitutional amendments on the issue of Kirkuk, I felt extend the duration of the implementation of Article 140 of the Constitution and that a separate Kirkuk to be a referendum on the fates after three years from now. The committee ended constitutional amendments basic stage of the work last Thursday and presented its report to the House, where the proposal was constitutional amendments, which amounted to more than 65 amendments and add, delete and rewrite completed in texts relating to the European PROCEDURE of 17 independent bodies of its articles 12 and the judiciary to its articles of article 19. The Committee has also added 15 new text and redrafted article 30 and amended 20 other article.

Not known yet whether the proposed texts file of the oil, gas and water in articles 111 and 112 will be accepted by the Kurdish leadership where the central government in Baghdad upper hand in dealing with these files in accordance with the proposed amendments, although the amendments include a legal mechanism for the involvement of governments in the regions oil policy water and ensure transparent flow of imports to regional governments.

The source of the constitutional amendments that the report and recommendation of the amendments may be modified, particularly in other articles that had not resolved definitively. Will the constitutional amendments in their work during this period to complete the requirements to reformulate the proposed amendments legally after having been Tmidi work one month prior to the submission of the final report to the House by the 20th of next month.

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News reports : Dr. Adel Abdul Mahdi participate in the work of the Economic Ravan
27.05.07

Union : the Vice President Dr Adel Abdul Mahdi, Iranian Aljmahaasmah Tehran, headed a delegation that included a number of Governors of the center and south and advisers in the field of economy and energy, to participate in the economic conference sponsored by the Foundation Ravan. Abdel-Mahdi and during the conference, which began its work Saturday, the importance that the international community understands the current situation in Iraq, emphasizing the need to build bridges and solve all problems to the benefit of everyone.

As was discussed during the conference strategic developments in the area of security and economy in the Middle East, and there was an exchange of ideas and opinions that would contribute to the decision-making national, regional and international levels. It is hoped that involved Vice President, at meetings held on the sidelines of the conference, which will be attended by prominent political and economic order to discuss a number of issues concerning the Middle East region, particularly the economic and security situation in Iraq and its effects on the whole region, in addition to discussing other central issues at the international level.


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Heads of parliamentary blocs to meet on ministerial reshuffle
Baghdad - Voices of Iraq
Sunday , 27 /05 /2007 Time 10:59:57

By Dergham Mohamed Ali

Baghdad, May 27, (VOI)- Heads of Iraqi parliamentary major blocs and the House's presidency will meet on Monday to discuss the names proposed By Iraq's Prime Minister Nouri al-Maliki to fill up the seven vacant portfolios within his cabinet, a parliamentarian said on Sunday.

"The House Speaker intends to meet heads of the major blocs in the parliament prior to Monday's scheduled session to reach an agreement on the proposed ministerial reshuffle," lawmaker, Mohammed al-Khazaali, from the Shiite Fadhila party, told the independent news agency Voices of Iraq (VOI).
Seven portfolios are still vacant in the Iraqi government after six Sadrist ministers quit Maliki's cabinet in addition to the justice minister who resigned early this year.

"It was scheduled for today's parliament morning session to witness a vote on the names of the nominees for the seven vacant portfolios but the parliament Speaker preferred to put off voting till more lawmakers would attend in the afternoon session but only 145 members out of the 275 members were present leading the Speaker to adjourn voting until tomorrow," al-Khazaali said.

A nominee needs at least 138 pro-votes to be a minister.

Before tomorrow's session, the lawmaker pointed out, Speaker Mahmoud al-Mashhadani is scheduled to meet heads of the major parliamentary blocs to agree on the names proposed for the portfolios.

The major blocs in the Iraqi parliament are the Shiite Iraqi Unified Coalition (113 seats), the Kurdistan Coalition (55 seats), the Sunni Iraqi Accordance Front (44 seats), the Iraqi National List (25 seats), the Shiite Fadhila party (15 seats) and the Sunni National Dialogue Front.

Asked about the Fadhila party's view about the nominees, al-Khazaali replied "We have not decided yet about voting for or against the proposed names."

Earlier on Sunday, the Sadrist bloc, 30 seats within the Shiite Iraqi Unified Coalition, decided to vote against the proposed names on the grounds that they are not "technocratic enough."

Aswat Aliraq

Originally Posted by fredgwest1999

A truce with the armed groups ..

مقابل العفو ومناصب بارزة

Compared amnesty and positions of prominence

(صوت العراق) - 28-05-2007

(Voice of Iraq) - 28-05-2007

ارسل هذا الموضوع لصديق

Send this topic to a friend

صندي تليغراف: هدنة مع الجماعات المسلحة..

Sunday Telegraph : truce with the armed groups ..

مقابل العفو ومناصب بارزة

Compared amnesty and positions of prominence

لندنـيو بي أي: ذكرت صحيفة »صندي تليغراف« الأحد أن جنرالاً بريطانياً يقود مفاوضات مع الجماعات المسلحة سعياً وراء التوصل إلى هدنة يتخلى فيها المقاتلون السنة عن أسلحتهم مقابل العفو عنهم ومنحهم مناصب بارزة في أجهزة الأمن الوطنية.

Londo NBA : newspaper »Sunday Telegraph« Sunday that the British generals leading negotiations with the armed groups behind the effort to reach a truce by militants year abandon their weapons against pardoned and granted positions of prominence in the national security services.

وقالت الصحيفة إن اللقاءات التي عقدها الجنرال غرايم لامب مع المسلحين السنة في المنطقة الخضراء في بغداد »تهدف إلى تعميق الخلاف بينهم وبين المقاتلين الأجانب المتشددين في تنظيم القاعدة والذين ثبت أن تكتيكاتهم الوحشية وتطرفهم الديني اثار استهجان حلفائهم العراقيين السابقين«.

The newspaper said that the meetings held by General Graeme Lamb with gunmen year in the Green Zone in Baghdad »aimed at deepening the difference between them and foreign fighters hardliners in the Al-Qaeda organization and who proved that the brutal tactics and the effects of religious extremism disapproval of former Iraqi allies«.

واضافت أن الجنرال لامب الضابط السابق في القوات الخاصة البريطانية »يعمل بالنيابة عن الحكومة العراقية وقوات التحالف ويجري مفاوضات أيضاً مع الميليشيات الشيعية المعتدلة التي شكلت فرق الموت السيئة السمعة رداً على الهجمات الطائفية لتنظيم القاعدة«،مشيرة إلى أن تأمين هدنة بين الفصائل العراقية المتناحرة »يمثل مسألة في غاية الأهمية لإنجاح الخطة الأمنية الأمريكية للتخفيف من دائرة العنف في العاصمة بغداد وغيرها من مناطق التوتر في العراق«.

She added that Gen. Lamb former officer in the British special forces »acting on behalf of the Iraqi government and coalition forces are also negotiations with the moderate Shiite militia formed death squads notorious response to the sectarian attacks Qaida«, noting that securing a truce between warring factions Iraqi »is a very important issue for the success American security plan to alleviate the cycle of violence in the capital Baghdad and other areas of tension in Iraq «.

الوطن الكويتية

Kuwaiti homeland

Originally Posted by DayDream

I have no clue when this article was written, nor do I recall ever reading it. It is evidently prior to November '06 since it refers to the current rate being 1460. The reason for posting it is because of all the talk of lower coinage. Maybe someone can make sense of it all....

Is the goal of the minting and circulation of currency mineral?

Citizens and economists : There is no meaning for the issuance of new currency
Baghdad / Mousa Kazem

Over about a year ago to put Coin three categories by the Iraqi Central Bank of circulation to strengthen the role of the national currency (the Iraqi dinar) and the rebirth of cash in small groups daily dealings affected by the rise in prices is largely left these categories of coins influence evident in the movement of dealing daily or not?

Mr. Director of Research and Statistics in the Iraqi Central Bank says the amount of cash metal coins billion Iraqi dinars were offered for circulation through the branches of the Rafidain Bank as a first phase for the experiment has followed this currency in the event another success meters and the largest quantity along minting other categories of Iraqi currency in circulation This case will depend on a number of factors, including the stability of the exchange rate improves the Iraqi dinar, which seeks an Iraqi Central Bank tirelessly since the bank was able to control the exchange rate of the Iraqi dinar since the convergence of the year is a major achievement has confidence in the national currency (Iraqi dinars) at home and abroad after a period long vibration fluctuations via an auction sale of foreign currency which contributed greatly to the stability of the exchange rate of the Iraqi dinar in sucking cash continuously for the benefit of a reduction in prices in the local market through the allocation of the money supply in circulation.,

The 7 trillion Iraqi dinars, also making way for Iraqi banks for the circulation of foreign currencies and opening accounts and foreign transfers of foreign currency, but inflation prevailing now contributes to the exclusion of dealing in metal they do not meet the payment due to the reality of high prices, but the future will be in the deal in the mineral We must combine several factors for the success of this experiment The turnover in the wheel of the Iraqi economy now stop the reconstruction process considerably as the weak capital investment by foreign and Iraqi security situation as well as the instability of supply and demand in the market and the slowdown in the movement of local production, but the indications are exceeded all kinds of obstacles that limit the movement of the economy Iraqi enjoyed several advantages qualify for the advancement of the activity and to contribute to improve the quality of life along the Iraqi contribute effectively in the global economy and then to deal in small groups cash and coins in current and future by the movement of prices at which positively reflected in the demand for the circulation of those currencies.

There was no need for the currencies of metal

Dr. Emad Mohamed Ali Ani, professor of monetary and financial economics in the Faculty of Administration and Economics University of Baghdad, says there is no need realistic imperative minting coins with reality than daily dealings need not merely minting and putting into circulation only since the turn did not leave the circulation billion Iraqi dinars from the currency mineral minimal, in fact improve the exchange rate of the Iraqi dinar is not in business since the prevailing prices in local markets depart significantly from dealing with this type of currency exchange on the minting and transfer from Europe to Iraq amounts which could be spent on another futile instead stop wasting money and time in this process unproductive because pumping quantities of coins to Iraqi bank branches may cause confusion and delay in the work of these banks require those groups working for the cash transfer, storage and counting.

It is possible that the process of minting coins until the exchange rate improves and the Iraqi dinar to reach the barrier of 500 dinars compared to the American dollar, one of the more meaningful process will have to deal with small-scale monetary categories including coins, which would demand strong and then by the reality of prices, which Semmel declining clearly as nothing more than a game played by children with hope in circulation in the near future when the economic situation improves, which is to improve the improved security conditions, which are the foundations of economic activity activity, economic prosperity and stability Walid.

The non-commercial

Ms. Hind Numan Al-Qaisi Bank Director economy the main branch in Al-Mansour says :
Left minting and circulation of foreign currencies in a simple fact high prices and the movement of funds as there is no demand by dealers with our Bank (client) has not entered our Bank "Bank of the economy" "Company eligibility contribution" a specified quantity of this currency, in addition to the lack of state deposit one of these categories of cash As in the case of the replacement of the current Iraqi currency by deleting several zeroes from the reality of it dealing in mineral prosperous largely as it was two decades ago, and this issue may require additional years before embarking implemented either put Coin for circulation at the present time is a kind of commonality with the currencies of other countries as distinguished as containing metal categories.

Reality

Talal witnessed student in the second grade Faculty of Administration and Economics, Department of Economics, University of Baghdad, says : there was no circulation of currency mineral significantly did not notice its presence when fellow students at the university since the cheaper things are sold at a price (250) Dinara Kalajabs and Alenstlah and bottles of carbonated drinks and other items sold in the shop sometimes definitely watching college than among children.

Adnan Husni trader in the market Alshorgh says no dealings categories coins There is no minimum demand has Ashahdha only a few times and this indicates a lack of relevance is clearly not only the minting only cope with the conditions the money other container of this type of currency, the Iraqi Central Bank signed in clear contradiction when humans citizens CREATION metal and currency effects in the market, prices and other such rhetoric at the same time insist increasingly on improving non-Iraqi dinar exchange rate even by (1%) The current exchange rate (1460) dinars to the dollar American sacred figure not to be changed when it happened and clear improvement in the exchange rate of the Iraqi dinar shortly before the hit rate (1280) dinars to the dollar rushed to the Central Bank exchange rate to the previous price and it is this improvement bubbles work speculators in the market!

Instead of supporting this improvement, which is in favor of reducing the reality of prices inflammatory and left adverse effects on the majority of Iraqis living below the poverty line either traders generally Vitahamlon foreign currency exchange rate does not let the Iraqi dinar a significant impact on them Goods Asturduha from abroad Abiaha to shopkeepers carried out by the American dollar and the outcome of the profits as well as the currency, and when the proceeds of Iraqi dinars hasten to convert to dollars that practical based primarily on the currency. If the coin Confer is incumbent upon the Iraqi Central Bank to improve the exchange rate of the Iraqi dinar significantly, they will remain a currency of the game played out like the rest of children playing games.

Dia Husseini teacher wrote : I expected better from minting coins but it seems that the reality is stronger than hopes movement towards rising prices left their mark on the most adverse segments of society, especially people with limited income or unemployed to work to make them look at the Coin look savior of the greed and ambition of traders and vendors who raise prices without constantly to turn our attention to the reality of people's circumstances at the time there was no system that determines prices and protects people from the reader if left matters as the strong eat the weak jungle without the intervention of the State under the slogan of globalization and a free economy, market movement, and so the names of saturation Shabaan and become hungry Zaina no longer s valuable work on and I do not know why minting Is it a matter of luxury and kidding and laughter on the poor and showing off in front of people that we have a coin like them? Or it does not know the secret benefits only players money?

Are we life of a dead body?

Hisham Ali retired staff member says : incumbent restore life to Coin to achieve the purpose of putting into circulation, and help us in our daily lives Salaries are inconsistent with price and currency akin to the mineral matter drowned expected Enthalh from drowning, but it seems that this currency is not good at this task is not to limit the price rise and there the lowest kind of deal and I think that the bulk anthrax leaked to the dealers in antiques and Althaviat inside and outside Iraq to add to what they have to them and the futility of minting before PRICE HIKES outrageous that toppled currency paper before the coins.

Abdullah promised the store to sell household items, wrote : accruing to the significant amount of miscellaneous coins by sales of sweets and Alnsatel and gypsum for children not accept this kind of deal only children currency has attempted purchase requirements Dechani be, but others are reluctant to accept due to lack of relevance, as well as a need for counting the time it decided to Allah Tphaz them for the future day may come when re-consideration of currencies metal as daily transaction is widely acceptable by the various segments of society.

Translated version of http://www.almadapaper.com/sub/12-552/p05.htm

Cheers!
DayDream

i cant remember seeing it or it would have been plastered everywhere and dissected to smithereens. sounds like they are considering printing coins to use for smaller denoms.

OH YEAH! sounds good for the Iraqi Dinar investor!!!