Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

Concluded Systems Company, an affiliate of the Ministry of Industry and Minerals 58 contracts with the ministries of oil and electricity, sports and youth and companies affiliated to the Ministry of Industry and Minerals included maintenance work and installed and processing systems.

" .A statement of the ministry received by the Agence (eye) copy of the briefing today, Monday, "These contracts are divided by 10 contracts with the Oil Ministry included the design and processing systems and the maintenance, control and surveillance."

".The statement pointed out that four contracts were concluded with the Ministry of Electricity on the operation of Internet and intranet systems and 14 contracts with other ministries as well as 30 contracts with companies affiliated to the Ministry of Industry and Minerals and all contracts listed under direct and execution. "

وتجدر .It should be noted that Systems Company was founded in 1996 as a company affiliated with the Ministry specializes providing integrated solutions in the fields of industrial electronic systems which operate in different fields of advanced technology in the field of hardware, control and communications systems in the fields of industry, electricity, oil and gas.

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Almchidani decides to resign from the presidency of the parliament
almelaf Almelaf
Monday, 11 June 2007Monday, 11 June 2007
لة الائتلافMahmoud Almchidani head of the Iraqi Parliament that he had decided to submit his resignation after that escalated calls for exemption from office after objections parliamentary blocs of what has happened in the attack on Vice Bloc coalition

شهدانيThe parliamentary blocs have asked the Iraqi Accord bloc to which he belongs Almchidani provide an alternative to another candidate Almchidani

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A proposal to replace the dissolved body industrialization Iraq reconstruction





.The Prime Minister Nuri al-Maliki grant immediate salary pension for officers from the rank of Lieutenant Colonel and above who do not wish to return to the Iraqi army, and without exception, as provided by the Commission on Human army and the dissolved entities proposing to the government to replace the dissolved body manufacturing reconstruction of Iraq. .This announcement at a press conference yesterday, attended by (morning), Chairman of the Human army and the dissolved entities emanating from the Supreme national reconciliation Faleh ho****ality, pointing out that the Prime Minister had made a number of decisions after meeting with departments concerned, the granting of an immediate salary pension to all officers who do not wish to return to the army with the rank and above and the return of all former army officers from the rank of captain or below who wish to return to the new army.
.He added ho****ality during the conference, which was attended by Director General of the Department of Veterans Affairs in the Ministry of Defense and general manager of the retirement and adviser to the Defense Minister General Thamer Sultan that the competent departments, for its part, members of the former army inventory to promote their own pensions transactions, as well as preparing statistical forms for the officers and employees of the former army who did not join the new army by the Commission to identify the problems that preclude joining in the ranks of the army. .He explained that the Committee and distributed 350 thousand new form between the army and employees of the dissolved entities through special centers to receive emergency grants, calling this segment to expedite the filling of forms in order to resolve this issue as soon as possible.
.He added that the number of employees of these entities who receive emergency grants currently stands at 218 thousand associate after they have more than 350 thousand in the wake of the fall of the former regime in 2003. This decline in the number was the result of absorbing large numbers of those between the Ministries of Defense, Interior and the protection of vital installations and other miscellaneous jobs, have been resolved with the disabled who receive these grants after referral to the Assembly for receiving retirement benefits, stressing that the persons currently granting emergency files will be resolved between repatriation and referral service to retire on par with their peers according to the new retirement law which hopefully done soon.
.And on the promotion of transactions officers who had left the country, his ho****ality : that e-mail has been allocated in this regard they can send the forms in which power, or their representatives, adding that the Commission received during the past more than (40) A form of the officers living outside the country. .The outpouring army officers who have joined the armed groups to abandon their arms and return to either the army or promote their dealings pensions. .He called the House ho****ality expedite the review of the law dismissed as part of a reconciliation, saying : the implications of these amendments would abide by the Commission, calling on the Council to develop the political process through the development of legislative work.
البلاد.The detection team Thamer Sultan adviser to the minister of defense of the proposal has been submitted to the Prime Minister replacement MIC gotten the reconstruction of Iraq and to take advantage of tables affiliates in the reconstruction of the country.
.Sultan said that consideration has been given to the issue of manufacturing firms operating before the fall of the military regime of practical competence, which has been forwarded a number of its affiliates to the Ministry of Science, Technology and the other to the Ministry of Construction and Housing. .He added that only 30 companies from manufacturing firms, which have been distributed Form No. (2) between its affiliate for the return of those willing to contribute to the reconstruction of the country. من.Meanwhile, the Major General Nabil Khalil Said, director-general of the Veterans Affairs in the Ministry of Defense during the conference, as well as all of invisible waves emergency payments to the program. .He quoted Prime Minister reiterated the lifting transactions retirement from the Veterans Affairs Department to retirement without directly sent to the dissolved entities. .For his part Mallees Service Retirement renewed public had been completed more than seven thousand treatment of retirement to employees of the former Iraqi army.
ة.He renewed during the conference that there pension transactions completed pending review the owners to give them the identity of retirement, pointing out that the Service is currently auditing transactions retirement of the security organs to be disbursed pension to them in the coming weeks.

وکالة ال�رات العراقية للانباء

Constraints and solutions to the Iraqi economy



.The Iraqi economy has suffered for a long period of deliberate neglect by peaks resolution to a plan or a particular pattern based on the scientific theory of economic wholesome than it always subject to the ways of power and vision estimates cited by the referees and Palace have that vision and often Matcod is hoped that some of the ideas from behind the existing system to influence the bracket or certain class may want to clear in the changes Topgraver in southern Iraq, Kirkuk area, for instance.

.Because of this erroneous economic policies and state control over all economic activity and concomitant mismanagement has retreated growth of the national economy bottomed out for the inability to diagnose the factors that have effectively for the development and advancement, which in turn led to the loss of specific criteria to take appropriate decisions.

.Where intermingled infrastructure for economic activities and thus difficult to determine the economic and technical alternatives to determine preferences audit requirements of the development projects to proceed with the implementation and success of providing the requirements and operating at full capacity, which led to low production efficiency and the widespread phenomenon of unemployment blatant form caused by the disruption of the majority Mnchavat public sector and the inability of the private sector from the other side Alazetalaa development process in addition to the wars that Iraq waged until 2003 passing of the economic blockade, which lasted for more than 13 year.

.And only rely on oil revenues and by 75% of the gross daily expenses to finance the general budget, which prompted the state to further the policy of deficit financing oriented monetary issuance and the subsequent decline in the purchasing power and the deterioration rate of the Iraqi dinar and the reaction resulting from such policies distort the price especially in the area of distribution of resources and the ineffectiveness of the market.
.This legacy and the legacy of the former regime fell and aggravation after that to large degree what has befallen the economy from looting, vandalism and burning, as well as the deteriorating security and the proliferation of administrative corruption dramatically.

.Nor should we forget the debt phenomenon began on the Iraqi economy since 1982, hitting at the end of the first Gulf War in 1988 (42) billion dollars of indebtedness, and continued upward to hit (57) billion dollars for the period 1991 1995 has been the imposition of economic sanctions under the United Nations resolution 661 after the invasion Iraq, Kuwait and stopped the development process due to the interruption of oil resources.

مالي.The number of countries asking for debt is 26, and the volume of external debt on Iraq according to international estimates (120) billion dollars of this debt is more than 20 times the per capita GDP.

ولا.There is no doubt that failure to resolve the debt would constitute an important obstacle in the way of advancement of the Iraqi economy as well as non-flow of foreign investments to Iraq, which is sorely needed where resources can not meet the requirements of self-financing and investment necessary to Tseeramelih development.

هي:The four debt totals are :

ولارFirst group : Paris Club countries 40 billion dollars
= = Second : creditor-computed on the club's $ 20 billion
= 3 : Gulf States : $ 40 billion

= .= 4 : trading : 22 billion dollars.

:The proposed economic expert Dr Abdul Rasul Abdul Jassim several deems appropriate steps out of this economic predicament can be summed up with the following steps :

.First step : controlling inflation through action to reduce the budget deficit and the annual financial budget deficit payments.

.Second step : developing a policy capable of conducting structural economic reforms of the administrative reform, legal and financial reform and the end of the banking system and stock market, capital and privatization, liberalization of foreign trade and the liberalization of capital flows towards the liberalization of prices, wages and exchange rates of the Iraqi dinar. .Third step : rehabilitation of infrastructure and the establishment of economic, financial, social and environmental projects for the oil sector through the development of investment programs in those areas.
.Step 4 : granting loans to small and according to the financing program and given this responsibility banks and investment funds, both public and private.

:Step five : strengthening the investment process by :

*.* Organization of pension funds and social security, control and reactivating its investment.

*.* Activating the role of the financial market to deal with domestic capital and foreign development equation according to the new emphasis on sustainable development.

* .* Develop training programs and benefit from the experience of developed countries in the fight against administrative corruption.

.Thus, the adoption of this approach will pave the way for Alstratigi outline of the path of economic development and Yag problems and constraints that stand in the large block for the advancement and growth, particularly inflation and unemployment.

.The fact that these restrictions need many essential supplies they need to be any land where fertility reasonably to grow in the center close to stability and the first will be in relative political stability, at least where it can naturally be the elimination of 75% of corruption administrative unless there is withdrawal from Mahassat, for example, where the political Mahassat large holes seeping through which national wealth, and so on for other angles in the political side, and get to the result that the economic trend is a huge part of the process until it reaches the desired fruits Ktav in the Iraqi reality.

.It adds economic Huda Zwier reinforcing its examination of the Iraqi economy : education must link the needs of the labor market and interest in education as the technique is a must and that a human being is aimed at improving the status of individuals and communities.

فيها.Andersen says Director of the American International Development : No State can achieve its potential nor can its people to achieve a decent standard of living without improving standards of public health and education there.

.Education is of particular importance because of its multiplier effect which goes beyond literacy on economic growth, democracy and good governance, has stressed the importance of education, many economists whom Schultz and Denson and Sulu where the enemy fuel the engine of development, increase production and eliminate poverty

وکالة ال�رات العراقية للانباء

Originally Posted by rvalreadydang

Constraints and solutions to the Iraqi economy





.Nor should we forget the debt phenomenon began on the Iraqi economy since 1982, hitting at the end of the first Gulf War in 1988 (42) billion dollars of indebtedness, and continued upward to hit (57) billion dollars for the period 1991 1995 has been the imposition of economic sanctions under the United Nations resolution 661 after the invasion Iraq, Kuwait and stopped the development process due to the interruption of oil resources.

مالي.The number of countries asking for debt is 26, and the volume of external debt on Iraq according to international estimates (120) billion dollars of this debt is more than 20 times the per capita GDP.

ولا.There is no doubt that failure to resolve the debt would constitute an important obstacle in the way of advancement of the Iraqi economy as well as non-flow of foreign investments to Iraq, which is sorely needed where resources can not meet the requirements of self-financing and investment necessary to Tseeramelih development.

هي:The four debt totals are :

ولارFirst group : Paris Club countries 40 billion dollars
= = Second : creditor-computed on the club's $ 20 billion
= 3 : Gulf States : $ 40 billion

= .= 4 : trading : 22 billion dollars.

:The proposed economic expert Dr Abdul Rasul Abdul Jassim several deems appropriate steps out of this economic predicament can be summed up with the following steps :

.First step : controlling inflation through action to reduce the budget deficit and the annual financial budget deficit payments.

.Second step : developing a policy capable of conducting structural economic reforms of the administrative reform, legal and financial reform and the end of the banking system and stock market, capital and privatization, liberalization of foreign trade and the liberalization of capital flows towards the liberalization of prices, wages and exchange rates of the Iraqi dinar. .Third step : rehabilitation of infrastructure and the establishment of economic, financial, social and environmental projects for the oil sector through the development of investment programs in those areas.
.Step 4 : granting loans to small and according to the financing program and given this responsibility banks and investment funds, both public and private.

:Step five : strengthening the investment process by :

*.* Organization of pension funds and social security, control and reactivating its investment.

*.* Activating the role of the financial market to deal with domestic capital and foreign development equation according to the new emphasis on sustainable development.


وکالة ال�رات العراقية للانباء

IN A NUTSHELL! Looking more and more like the supporters of Long Term Investment see it.

Baghdad, June 11, (VOI) – The Iraqi parliament will vote on replacing Speaker Dr. Mahmoud al-Mashhadani on Monday with the approval of the majority of parliamentary blocs.



Several members of parliament said the step comes after Mashhadani's bodyguards assaulted a deputy without any interference from Mashhadani, a Sunni Muslim.
The Sunni Iraqi Accordance Front (IAF), the party that nominated Mashhadani, is the bloc authorized to name a substitute for the current speaker," Mahmoud Othman, a member of the Kurdistan Coalition, the second largest bloc in the Iraqi parliament with 55 out of the total 275 seats, told the independent news agency Voices of Iraq (VOI).
The IAF asked to be given 24 hours to consider the matter, Othman added.
He pointed out that Monday's session is expected see the matter of Mashhadani's replacement settled via a vote.
The issue of replacing the Iraqi parliament's speaker comes after several of Mashhadani's bodyguards beat and verbally attacked Friad Mohammed Omar, a member of parliament from the Shiite Unified Iraqi Coalition (UIC), the largest bloc in parliament with 115 seats, while he was passing near Mashhadani at the parliament's entrance gate.
Mashhadani belongs to the IAF, which named him speaker of the first elected Iraqi parliament a year ago.
The IAF has 44 seats out of the parliament's 275 seats. It is the third largest bloc after the UIC and the Kurdistan Coalition.
Sheikh Jalal al-Din al-Saghir, a leading figure in the Shiite Supreme Iraqi Islamic Council (SIIC) and member of parliament from the UIC, said the IAF has the right to replace Mashhadani and to name a replacement.
"The UIC inside the parliament is determined to have Mashhadani changed. This was not the first time his bodyguards have assaulted deputies," said Saghir, noting "the bodyguards had beaten two members of parliament belonging to the UIC before."
The UIC's demands to have Mashhadani replaced "is not politically motivated," Saghir affirmed to VOI.
Iyad Jamal al-Din, a member of parliament from former Iraqi Prime Minister Iyad Allawi's secular bloc the Iraqi National List (INL), told VOI he has always asked to have Mashhadani changed or have him offer his resignation due to "his inefficiency."
The IAF has not made any comments so far on the issue.
VOI tried to contact the IAF spokesman MP Dr. Saleem Abdullah for comments but to no avail.

Version traduite de la page http://www.aswataliraq.info/index.php

Number of banks 13 -----
Auction price selling dinar / US $ 1260 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 45.725.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 45.725.000 -----
Total offers for selling (US $) ----- -----

Gooooooooooooooood Morning Rolclub


"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"



11.60 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1260, it is now 1260

2. A (net) worth of dinars, IQD - 57,613,500,000 pulled out of circulation today 6/11/07.

3. 13 banks participating today

4. 162nd auction since the beginning of CBI's reval plan

5. 254 days into the CBI's reval plan. (Eight Months)

6. 11,603,949,878,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 5,396,051,122,000

7. "0" Dinars back into circulation today

8. 217 dinar change since Oct 1st (baseline was 1477) 14.691% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 0 point reduction in the rate so far this week. Was at 1260 at the end of last week, 1260 so far this week.

10. 0 point drop in the month of June. Ended at 1260 in May, now stands at 1260

Iraq Parliament Speaker Removed

By QASSIM ABDUL-ZAHRA
The Associated Press
Monday, June 11, 2007; 6:59 AM



BAGHDAD -- Parliament voted Monday in a closed session to remove the speaker after a series of scandals involving the controversial lawmaker, legislators said. Mahmoud al-Mashhadani will be replaced by another Sunni Arab, they said.

Al-Mashhadani's behavior has repeatedly embarrassed the Sunni Arab partners in Prime Minister Nouri al-Maliki's coalition government. Many of the house's 275 legislators viewed his behavior as unbecoming and, on occasion, erratic.

Three lawmakers said the Iraqi Accordance Front, parliament's largest Sunni Arab bloc with 44 of the house's 275 seats, has pledged to offer a replacement for al-Mashhadani within a week. They spoke on condition of anonymity because of the sensitivity of the subject.

Al-Mashhadani, a former physician and an Islamist, is a member of the Accordance Front. He did not attend Monday's session, which was chaired by his deputy, Shiite Khaled al-Attiyah.

Al-Mashhadani, who will retain his seat in parliament, has been in trouble for sometime.

Last year, he barely survived a campaign by Shiite and Kurdish politicians to remove him after he said Iraqis who killed American troops should be celebrated as heroes. Last month, he slapped a fellow Sunni lawmaker in the face and called him "scum" at the end of a raucous session.

An incident yesterday appeared to have been taken by lawmakers as the last straw.

Al-Mashhadani got into a shouting match with lawmaker Firyad Mohammed Omar, a Shiite Turkoman, when he complained to the speaker about what he said was the heavy handedness of his personal security guards. Al-Mashhadani responded by heaping abuse at Omar, who complained to fellow legislators that he was also assaulted by al-Mashhadani's guards.

Originally Posted by DontDenyDatDinar

IN A NUTSHELL! Looking more and more like the supporters of Long Term Investment see it.

This article, whenever it may have been first published, is severely out of step with recent news and would seem to ignore IMF conditions - that GOI prevent entrenched (chronic) inflation by de-dollarizing their currency.

In my estimation, the content of this article is months and possibly years old - just the kind of info that would validate your thinking that what goes down overnight, can't go back up overnight - got to be a loooooooooooooog teeeeeeeerrrrrrrrrrrm iiiiinnnnnnnnnnnvvvvessssssssttttttmmmmeeennnnnntt tttttt.

Iraqi banker shot dead
11/06/2007 - 12:45:21

Gunmen in two speeding cars killed a Sunni Arab banker as he was leaving his house in northern Iraq this morning, police said.

Khairallah Fakhri Ahmed, 65, the director of Iraq’s Central Bank branch in Mosul, was killed on the spot when the assailants sprayed him with bullets, police Brig Abdul-Karim al-Jabouri said.

Ahmed’s driver and guard, who were waiting for him outside his house, were also killed in the attack which occurred at 8am local time, al-Jabouri added.

The violence-wracked city of Mosul, 225 miles northwest of Baghdad has been scene of Iraq’s deadliest attacks against Iraqi security forces and governmental officials.