Zubaidi's reference to "deleted 3 zeros"
I thought this might generate some good discussion. I'm hoping it hasn't been posted already. I'm not sure what to make of the "deleted 3 zeroes" reference. Thoughts?
-Ken
Zubaidi: Iraqi's commitment to provide Jordan with oil at preferential prices
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Amman-Constitution-Ahmad Fayyad Nader met with the Prime Minister in his office headed by Golden Minister, yesterday, Iraqi Finance Minister, Baqir Jabr Zubaidi and discussed with him bilateral mechanisms to enhance cooperation between the two fraternal countries in various fields, especially economic them.
The premier said that the Jordanian firm position in support of brotherly Iraq, pointing to the guidance Royal Commissioner to provide all possible means, to alleviate the suffering faced by the Iraqi people.
He expressed his government's interest in promoting the Golden investments and commercial traffic between the two sister countries, stressing the government's keenness to provide all facilities and investment incentives that would contribute to enhancing economic opportunities and serve the interests of the two fraternal peoples and increase competitive private sector in the two countries.
The Premier pointed out the importance of taking the necessary actions and measures to stimulate traffic between the port of Aqaba and the Iraqi port of Umm Qasr and especially since the port of Aqaba has many competitive advantages Tohlh to serve the commercial and industrial sector of Iraq.
Also during the meeting, which was attended by Finance Minister Dr. Hamad Alexasabh discuss and review issues related to file financial relations between the two countries are to be studied by the committee of financial and banking comp****t in the two countries, especially file financial dues of the Central Bank of Jordan to the Central Bank of Iraq.
On the other hand, and the Iraqi Ziralamalih Baqir Jabr Zubaidi determination of the Iraqi government to strengthen the ties of bilateral economic and commercial relations with Jordan and the removal of all impediments to the development and upgrading.
Zubaidi said in a meeting with the Ministers of Finance Dr. Hamad Alexasabh, Industry and Trade Ameralhdede the presence of representatives from economic sectors in Jordan Chamber of Commerce, that the Iraqi government will work to establish a joint Jordanian-Iraqi bank to facilitate financial transactions and trade exchanges, he said, adding that the Jordanian and Iraqi sides agreed to discuss and resolve the debt problem of the sector Special conventions outside the Jordanian Trade Protocol earlier, which would be on top of the agenda of the economic talks held by Jordanian and Iraqi sides after Eid Al-Fitr, as the two sides will discuss concluding an agreement on free trade between the two countries.
He said the Iraqi government was committed to provide oil to Jordan at preferential rates of less than 18 to 22 dollars a barrel on world prices, as the problem is not the flow of oil to Jordan, formerly of the dividend comes and security conditions for the shipment of oil through confirming the demise of all impediments that prevented supply Jordan with oil Iraqi, pointing out that he discussed with Prime Minister Eng rare golden importance of establishing pipeline project to transport oil from the Iraqi city of modern access to the port of Aqaba, which it described as the breath of lung Iraq, was also discussed with the Syrian side reform of the next Iraqi oil pipeline from Kirkuk through territory Republic.
He called Zubaidi businessmen, investors, traders, industrialists and entrepreneurs Jordanians to seize the opportunities offered by the Iraqi market, where the Iraqi government will deal with the Jordanian private sector on an equal footing with figures and economic sectors Iraqi and other nationals, without bias in projects and tenders of Iraq, calling on Jordanian contractors to progress towards infrastructure projects and reconstruction in Iraq needs to be 1.5 million housing units currently number will double in the coming years, pointing to the existence of Jordanian contractors in Iraq awarded tenders to construction in Basra and other Iraqi cities.
Reviewed Zubaidi reality the Iraqi economy and said: that the Iraqi government was able to extinguish the 90 billion dollars of Iraqi debt stock of $ 140 billion dollars, and has worked to reduce the size of inflation from 66 per cent to Between 16 - 18 per cent, and that the Central Bank of Iraq 22 billion dollars , 3 tons of gold specifically to support the Iraqi dinar, rising value of the Iraqi dinar against the dollar from 3 thousand dinars in 2004 to between 1200 1000, the dinar this year, stressing that every effort will focus on Iraqi deleted 3 zeroes of the value of the Iraqi dinar, leading to ID one for every dollar ...
He noted in this context that the budget Iraqi in 2008, which will be in ages will be 53.5 billion dollars, including 15.5 billion dollars for reconstruction and development governorates, 23, billion dollar investment expenditure.
For his part, Minister of Industry and Trade Amer railway that Jordan would work to strengthen and develop economic relations and trade between the two sides and the removal of all obstacles aimed at facilitating cruise goods and trade exchanges between the two sides, the Jordanian government confirmed its commitment to present all it can in the reconstruction of Iraq, and providing expertise to the Iraqi side in the areas of membership of the World Trade Organization.
Ferro said that the Prime Minister Nadir Al Golden has stressed the need for all concerned to facilitate the establishment of Iraqi businessmen and action to solve the problems and obstacles facing them. The railway said in press statements that the development of the industrial sector and raise competitive and to attract more investments will be on the top priorities of the next stage.
Date : 29-11-2007 Date: 29-11-2007