Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by CharmedPiper

To examine the files of inflation, debt and foreign investment

Baghdad / justice.
He met with Vice-President Dr. Adel Abdel Mahdi, Governor of the Central Bank, Dr. Sinan Shabibi
During the meeting, discussion of many of the files of the most important inflation in the Iraqi economy. File debt and foreign investment law which will be presented to the parliament for approval and the governor stressed that the causes of inflation for اتتعلق phenomenon cash basis, but the financial situation in general terms that there is pressure to spend the security aspect and the service with little in the supply of goods to result in inflation. What is needed is coordination between fiscal policy and monetary policy. (And the Investment Law (We expect him many positive benefits in addition to that one base flows of the economy. The investment flow is not financially, but the country's administrative and Tknlujia addition complement domestic investment in order to increase GDP. As for the possibility of raising the value of the Iraqi dinar. The rise in the value of parents R. rise through reliance on that the country can provide the amount of foreign currency through increased exports, the volume of exports and reduce debt outcome is the economy, which raises the value of the dinar.

Translated version of http://www.iraqigovernment.org/index-EN.htm

Maybe the FIL hasn't been passed yet but it seems to be as good as done.
"foreign investment law which will be presented to the parliament for approval".

Arbil - (Voices of Iraq (

Head of the Office of the President of the Kurdistan region of Iraq yesterday, Sunday, that the lack of coordination and clear as well as poor communication between the Iraqi and Kurdish territory Kristan lead to the creation of problems between the two sides. Dr. Fouad Hussein News Agency (Voices of Iraq) Independent yesterday Kurds are now in the opposition, they are part of the government and the relationship between the two governments must be a relationship of participation. " He added "the territorial government is responsible for the policy of the province in economic, political, security, according to the Iraqi constitution, but the ones Ak misunderstanding and ill continue in some cases between the two governments. " He pointed out that "dialogue between the two governments in most cases to be carried out through the media and press," pointing to the need to examine the problems through dialogue and in accordance with Articles in the Iraqi Constitution. "
He said, "There are those who give different interpretations of the provisions of the Constitution, especially regarding matters of sovereign control of natural wealth and the House of Representatives Iraqi discuss important issues and work to pass laws to deal with the province in accordance with the provisions of the Constitution and be dealing with the Territory in accordance with these laws."
He said, "We continue to imagine that these differences because it is not in the interest of both parties must address these problems through dialogue." He pointed out that "The delegations will visit Baghdad in the coming days in Kurdistan to discuss these questions and issues with the Kurdish leaders and then there will be a visit of the President of the Kurdistan Regional government of Mr. Najirfan Barzani to Baghdad. It is noteworthy that many differences emerge from time to time, between the government of Kurdistan and the Iraqi government.

Translated version of http://www.iraqigovernment.org/index-EN.htm

Originally Posted by Adster

'which may occur suddenly'............


Latest news : Central Bank seeks to adopt the application of international standards on capital adequacy (October 1, 2006)

Translated version of http://h...n/ (This is the fourth Article down on the "latest News"!)

An official source in the Ministry of Finance, the possibility of the application of international standards on capital adequacy by the Central Bank of Iraq, under decisions of the second conference, held in Basel.

He added Almusderali margin Economic Forum, which was held at the Ministry of Industry and Minerals, the role of banks in the process of economic reform that the Central Bank of Iraq and work quickly to take its active role in the economic stability of the country, It also tries to lay off some of the mechanisms that were prevalent days of the previous regime, especially lending to government institutions. So there is serious studies on the possibility of introducing and developing a market for government securities would provide a needed all of the institutions of cash and fast, in addition to that it will enable individuals and owners of capital to create a new type of domestic investment content, and the reduction of the phenomenon of capital flight abroad. And the Central Bank's role in achieving economic stability at the current stage, The source pointed out that the Central Bank of Iraq enjoys complete independence, which is making a big effort in order to achieve a stable monetary policy, contribute to the strengthening of the Iraqi economy and reconstruction, and that through a series of constructive steps. The most important of these steps to replace the national currency, been completed, replacing the old Iraqi national currency in January 15, 2004 through the replacement of four trillion OID new currency. This step has been made of a number of important benefits, which restored confidence in the Iraqi dinar is very high, which reflected an improvement in the exchange rate are clear. The approval, the recent granting of licenses to foreign banks one important step in the efforts of the Central Bank of Iraq to build banking sector active and competitive in Iraq. The auction on foreign exchange of the Central Bank of Iraq. Their main objectives of this auction in helping to alleviate the excessive fluctuations in the exchange rate, which may occur suddenly, the bank also worked on new legislation to provide full legal independence and a clear mandate for the pursuit of price stability and effective regulatory authorities. As is the direct use of open market operations through the purchase and sales of treasury transfers to control the liquidity of the economy and the stability of cash flows, and approval of a new law to commercial banks, where is the ratification of the Law on Commercial Banks Iraqi major step towards establishing a financial system that works in accordance with the criteria, Iraq and the promotion of trade and the liberalization of interest rates is immediate and full liberalization of interest rates on financial instruments of all local deposits, loans and securities in force. The World This action is an important step towards the birth of modern financial sector and efficient allows borrowers to make their own decisions rather than having them bound by the directives and orders issued by the Central Bank of Iraq, The bank now plans to implement several projects, the most important of the restructuring and rehabilitation of government banks, an important application of the system to control and the development of local control and ability to implementation, the creation of the framework of the comprehensive statistical standard covers all sectors President, and finally the development of a market for government securities.

yeah that little tidbit about the fluxuation is on the cbi i read it there in the arabic version. ive got a lousy memory capacity but i know when ive seen something before!

World Bank said that Iraq got 6.6 million dollars to finance the first census since 1993 so that it can develop a plan to reduce poverty.

The Iraqi credit fund a multi-donor administered by the World Bank, the first two grants worth $ 5.1 million to finance the survey on income and expenditure and living standards, and the second $ 1.5 million for training and analysis of the results. The Bank said that the indicators of income, education and health in Iraq 30 years ago was high compared to the averages in the region, but declined since then to become one of the lowest in the region.

Translated version of http://www.iraqigovernment.org/index-EN.htm

Originally Posted by CharmedPiper

To examine the files of inflation, debt and foreign investment

Baghdad / justice.
He met with Vice-President Dr. Adel Abdel Mahdi, Governor of the Central Bank, Dr. Sinan Shabibi
During the meeting, discussion of many of the files of the most important inflation in the Iraqi economy. File debt and foreign investment law which will be presented to the parliament for approval and the governor stressed that the causes of inflation for اتتعلق phenomenon cash basis, but the financial situation in general terms that there is pressure to spend the security aspect and the service with little in the supply of goods to result in inflation. What is needed is coordination between fiscal policy and monetary policy. (And the Investment Law (We expect him many positive benefits in addition to that one base flows of the economy. The investment flow is not financially, but the country's administrative and Tknlujia addition complement domestic investment in order to increase GDP. As for the possibility of raising the value of the Iraqi dinar. The rise in the value of parents R. rise through reliance on that the country can provide the amount of foreign currency through increased exports, the volume of exports and reduce debt outcome is the economy, which raises the value of the dinar.

Translated version of http://www.iraqigovernment.org/index-EN.htm

GRABBING PIPER BY ARM AND SKIPPIN AROUND ROLCLUB SCREAMIN AND LAUGHIN!!!!!!!!!!

Mehdi was allawi's MOF btw

Go To Bed and wake-up to this. Unbelievable. I believe... it.... is.... about..... done......

Originally Posted by CharmedPiper

To examine the files of inflation, debt and foreign investment

Baghdad / justice.
He met with Vice-President Dr. Adel Abdel Mahdi, Governor of the Central Bank, Dr. Sinan Shabibi
During the meeting, discussion of many of the files of the most important inflation in the Iraqi economy. File debt and foreign investment law which will be presented to the parliament for approval and the governor stressed that the causes of inflation for اتتعلق phenomenon cash basis, but the financial situation in general terms that there is pressure to spend the security aspect and the service with little in the supply of goods to result in inflation. What is needed is coordination between fiscal policy and monetary policy. (And the Investment Law (We expect him many positive benefits in addition to that one base flows of the economy. The investment flow is not financially, but the country's administrative and Tknlujia addition complement domestic investment in order to increase GDP. As for the possibility of raising the value of the Iraqi dinar. The rise in the value of parents R. rise through reliance on that the country can provide the amount of foreign currency through increased exports, the volume of exports and reduce debt outcome is the economy, which raises the value of the dinar.

Translated version of http://www.iraqigovernment.org/index-EN.htm

Originally Posted by Adster

'which may occur suddenly'............


Latest news : Central Bank seeks to adopt the application of international standards on capital adequacy (October 1, 2006)

Translated version of http://h...n/ (This is the fourth Article down on the "latest News"!)

An official source in the Ministry of Finance, the possibility of the application of international standards on capital adequacy by the Central Bank of Iraq, under decisions of the second conference, held in Basel.

He added Almusderali margin Economic Forum, which was held at the Ministry of Industry and Minerals, the role of banks in the process of economic reform that the Central Bank of Iraq and work quickly to take its active role in the economic stability of the country, It also tries to lay off some of the mechanisms that were prevalent days of the previous regime, especially lending to government institutions. So there is serious studies on the possibility of introducing and developing a market for government securities would provide a needed all of the institutions of cash and fast, in addition to that it will enable individuals and owners of capital to create a new type of domestic investment content, and the reduction of the phenomenon of capital flight abroad. And the Central Bank's role in achieving economic stability at the current stage, The source pointed out that the Central Bank of Iraq enjoys complete independence, which is making a big effort in order to achieve a stable monetary policy, contribute to the strengthening of the Iraqi economy and reconstruction, and that through a series of constructive steps. The most important of these steps to replace the national currency, been completed, replacing the old Iraqi national currency in January 15, 2004 through the replacement of four trillion OID new currency. This step has been made of a number of important benefits, which restored confidence in the Iraqi dinar is very high, which reflected an improvement in the exchange rate are clear. The approval, the recent granting of licenses to foreign banks one important step in the efforts of the Central Bank of Iraq to build banking sector active and competitive in Iraq. The auction on foreign exchange of the Central Bank of Iraq. Their main objectives of this auction in helping to alleviate the excessive fluctuations in the exchange rate, which may occur suddenly, the bank also worked on new legislation to provide full legal independence and a clear mandate for the pursuit of price stability and effective regulatory authorities. As is the direct use of open market operations through the purchase and sales of treasury transfers to control the liquidity of the economy and the stability of cash flows, and approval of a new law to commercial banks, where is the ratification of the Law on Commercial Banks Iraqi major step towards establishing a financial system that works in accordance with the criteria, Iraq and the promotion of trade and the liberalization of interest rates is immediate and full liberalization of interest rates on financial instruments of all local deposits, loans and securities in force. The World This action is an important step towards the birth of modern financial sector and efficient allows borrowers to make their own decisions rather than having them bound by the directives and orders issued by the Central Bank of Iraq, The bank now plans to implement several projects, the most important of the restructuring and rehabilitation of government banks, an important application of the system to control and the development of local control and ability to implementation, the creation of the framework of the comprehensive statistical standard covers all sectors President, and finally the development of a market for government securities.

Originally Posted by kiko

I read that GOSP seperates gas, water and salt from crude oil and that this process must be accomplished before oil can be transported and refined.

This process will be completed tomorrow, 3th october 2006.

Nowing this process is ready, the fact that (big) companies want to start pumping right away everything is in place to complete the whole oil process.

I also read in this document that there is a World Bank Advisor stationed in Baghdad who has to speed up the oil engagements and electricity issues.

My guts is telling me that there is more going on behind closed doors than we know.

This document is dated: 30 july 2006

http://www.sigir.mil/reports/Quarter..._July_2006.pdf

Vice President Tariq Al-Hashmi discuss with the British Ambassador to Iraq, the latest developments in the Iraqi situation

October 2, 2006

Deputy President Tareq Hashemi, a day yesterday, Sunday, 1 / 10 / 2006 in his private office in Baghdad. British Ambassador to Iraq Ascoaith Dominique. During the meeting, and discussed the latest developments in the Iraqi situation, and ways to improve the security situation in the country.
Also, during the meeting, exchanged views on the subject of federalism and the amendment of the constitution.
For his part, British Ambassador expressed his grave concern about the growing role of the militias, which they said constituted a serious challenge to the work of the Iraqi government and stressed the need to limit arms in the hands of the State only.
This, and had attended the meeting, British Chargé d'affaires in Iraq.

Translated version of http://www.iraqipresidency.net/index.php?language=arabic

Originally Posted by shotgunsusie

GRABBING PIPER BY ARM AND SKIPPIN AROUND ROLCLUB SCREAMIN AND LAUGHIN!!!!!!!!!!

You forgot crying of happiness.

Weeeeeeeeeeeeeeeeh, real good news it is.

Shake up all of these elements and you will get a nice juicy high exchange rate!!

Originally Posted by CharmedPiper

To examine the files of inflation, debt and foreign investment

Baghdad / justice.
He met with Vice-President Dr. Adel Abdel Mahdi, Governor of the Central Bank, Dr. Sinan Shabibi
During the meeting, discussion of many of the files of the most important inflation in the Iraqi economy. File debt and foreign investment law which will be presented to the parliament for approval and the governor stressed that the causes of inflation for اتتعلق phenomenon cash basis, but the financial situation in general terms that there is pressure to spend the security aspect and the service with little in the supply of goods to result in inflation. What is needed is coordination between fiscal policy and monetary policy. (And the Investment Law (We expect him many positive benefits in addition to that one base flows of the economy. The investment flow is not financially, but the country's administrative and Tknlujia addition complement domestic investment in order to increase GDP. As for the possibility of raising the value of the Iraqi dinar. The rise in the value of parents R. rise through reliance on that the country can provide the amount of foreign currency through increased exports, the volume of exports and reduce debt outcome is the economy, which raises the value of the dinar.

Translated version of http://www.iraqigovernment.org/index-EN.htm

Great find, where is the article on the link above please? Also is there date for this? Not sure if it's new or not...

Main Source : Information : Shahrastani intended that the oil is property of the people. It is not government


Voices of Iraq : Baghdad
Official tried in the Oil Ministry to contain the crisis which erupted because of statements made by the minister Hussein Shahrastani said that the ministry does not recognize contracts entered into by the government of Kurdistan in the field of oil, what the Prime Minister of the province, on charges of violating the constitution. To say that the survival of the region within Iraq "linked to the implementation of the Constitution" and hints to resort to other options if it had been breached.
He said the official spokesman for the Ministry of Oil Assem Jihad, in a statement given to the News Agency (Voices of Iraq) Thursday : Shahrastani order that the minister in his speech that Iraqi oil wealth belongs to the Iraqi people whole. It does not belong to governments.
He continued : "The order said that the Department of wealth should be in all honesty and transparency in the new Iraq. The disposition of that wealth loves to be authorized by the people of the Iraqi Parliament, which represents the entire spectrum of the people. this was Shahrastani said four days ago that his ministry is not bound to invest now contracts had been signed previously by the officials of the ministry or officials of the government of the Kurdistan region. The declaration was timely as contracts for investment and the development of oil fields.
The president of the government of the Kurdistan Najirfan Barzani violently to the statements Shahrastani.
Prearranged it is a violation of the Iraqi Constitution, noting that the survival of Kurdistan within Iraq linked excess Constitution.
His : and there are other options if it violated the Constitution.


He added Assem Jihad said in a press conference yesterday : these things private investment will be organized under the law of oil and gas, prepared by the Iraqi Oil Ministry. And will be submitted to the prime minister and the Iraqi parliament for ratification. He pointed out that this struggle will guarantee law and the protection of investor's rights under the law Central, pointing out that the parliament can amend the law or add it.
The spokesman for the Ministry of Oil : This law will expire before the end of this year.
He pointed out that the multiplicity of laws that govern this process will weaken the prestige of the state, and weaken the government.
He pointed out that the Jihad ministry's plan depends on the distribution of wealth in a fair and equal to all Iraqis.
He explained that the oil and gas would work the new national oil company, which executes projects. The control all operational procedures, while the Ministry of Oil is the point of planning, guidance and supervision.
He went on saying : Under the new law will be the ministry is the central question of investment contracts signed exclusive. The official spokesman of the government of Kurdistan, Dr. Khaled Saleh said in an exclusive statement to the independent voices of Iraq earlier : Shahrastani told that the non-recognition of the Iraqi Oil Ministry contracts entered into by the government of Kurdistan is a violation of the Iraqi Constitution.
Saleh pointed out that there are provisions in the Constitution (Iraqi) confirms the validity of provincial governments on exploration and management of new oil wells, The Constitution also provides also formally effect on the depletion of the government of the Kurdistan of court decisions and contracts since 1992.
He continued : "There is another provision in the Constitution that gives priority to the law of the Territory, in the event of a conflict with federal law.
The official spokesman of the government of Kurdistan, says : these statements of Mr. Shahrastani no impact on the size and attract investments in the province. We hope that affect, because there we have the Constitution. The Constitution resulted from political consensus, and consensus after the vote by the people.
He added : "The statements of the Minister of oil does not fit with the interpretation of the Constitution.
The Shahrastani said in a statement : The organization of this issue depends on the law of investment oil and gas hoped approval, and legislation before the end of this year. It would solve all the problems occurring on these contracts.
But Kurdish official pointed out that the issues of oil will be on the agenda of the expected visit of Mr. Barzani Najirfan (President of the government of Kurdistan) to Baghdad.
Saleh said : Najirfan that Barzani will visit Baghdad at the time had yet to be determined, pointing out that there are three points on its agenda of this visit, First : the issue of the territorial government's budget, and the application of Article II : (140), III : dealing with the topics of oil with Baghdad.

Translated version of http://www.iraqigovernment.org/index-EN.htm