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

Sotaliraq.com

The Paris meeting heated House : Iraq loans red line

(Voice of Iraq) - 05-10-2006 | This issue was sent to a friend

Interacted with what was published by the nation : the first write-citizens. And the Council of the Nation's resolution on the government to respect the Constitution and avoid involves
The Paris meeting heated House : Iraq loans red line
Mohamed Al-Khalidi and Joseph P and Osama country :
The news published by Al Watan »yesterday regarding Kuwait's participation in the Paris Club meeting, The refusal to vote to drop the loans Iraq would abide majority opinion, the focus of the parliamentary assembly of the political, It seemed that it is heading for a crisis with the government warned of Al participate in the meeting, because Iraq's debt red line that should not be overstepped. The first drop loans citizens first ».
The sources told Al-Sharq Al Watan representative »that there is the Paris meeting will accelerate in the discussion of dropping the loans of citizens, especially that the majority of the parliamentary links between the two », stressing that there is respect for Kuwait's majority opinion in the meeting does not absolve the government of responsibility, in particular it falls funds are multiples doubling of the value of payments on citizens refuse to project, but contends the budget and justice ».
The deputy Mzal Namran told Al Watan that there is »funds Kuwait red line that can not be surpassed, We do not accept any debt forgiveness for Iraq, the government categorically rejects the research exemption citizens of their debts, although they do not represent anything to the total value of the debts of Kuwait on Iraq ».
He added that the nation PA members know full well that Kuwait is committed to the resolutions of international and global challenges and policies imposed on many things, But dropping the loans sovereign right of the State, not only with the consent of Parliament, Therefore, the government should not act alone is not coordinating with the House of Representatives », He said that the debt forgiveness the way promoted by the Paris Club was totally unacceptable ».
He added : "I Fall how debt Kuwait, and Iraq has so far not officially recognized borders demarcated by the United Nations, but the Prime Minister spoke in a roundabout way from the borders of the two countries, and stressed the meetings of the joint committees to get a final », wondering : Al How Fall loans, which must play a key role in dealing with Iraq in obtaining our rights? ».
He continued : "I Namran We support Iraq and its reconstruction, as a matter of humanity and the search for good-neighborly relations, and we did so, It is enough to liberate Iraq from the dictatorship of Kuwait and, thanks to God thanks first and foremost », He said that the Kuwaiti citizen suffers a lot of pain loans and the difficulty of living of the people, especially low-income groups, The first drop in loans before the fall of Iraq's rich oil patrimony and depletion, water and natural resources which is more than owned Kuwait ».
The MP Mohammad Al-Khalifa Al Watan Al »strongly rejected any tendency to topple Iraq's debts» stressing that the nation "to a serious and firm if so».
He said Khalifa told Al Watan that the nation »Al is the legislative authority, which means that he may not be debt forgiveness but after reviewing the nation», He said that the National Council against dropping the loans to Iraq and other countries ».
He pointed to "the possibility of the government's commitment to the opinion of the majority in the Paris Club and the Council of the Nation, in the end, is the final word in this matter», He said that the House will not accept in any way to drop loans ».
The MP Abdullah Al-Ajmi said "citizens later than others in the wealth of his country», stating that "rather than scrambling to the granting of loans to foreign countries and to respond to topple loans to Iraq must use wealth for the development of the country and not to give them without Awad».
The loans, "The toppling of Iraq or other countries the question of the competence of the nation's unity, which means that we are against this tendency whatever happens» stressing, "The House will have the positions if we have any intentions of the government towards that», He said "the nation reflects the will of the people and we are against dropping the loans on Iraq whatever happens».
MP Jaber Almahilbe stressed, "The loans to drop on Iraq is the decision of the nation, which primarily will decide this, not the government», noting that there is the required first discuss dropping loans for citizens to understand first the bounty of their country, instead of dropping them on Iraq ».
He described Deputy d. Dayfullah Burmese, "The debts of Iraq a red line that can not be surpassed only after resorting to the nation and its president called on the government to assume that what Siatihm in case projection without referring to the nation».
The Burmese said that the government does not have the right to drop even committed the majority opinion in the Paris Club and its loans », It called on the government to come and withdraw from the Paris Club if forced to the majority opinion »He said that the withdrawal from the lesser violation of the Constitution and the approval of the overthrow of the Kuwaiti people who have no right to topple him, He wondered how the government agrees to be bound by the opinion of the majority in the Paris Club, which has no right to overthrow loans for Iraq originally ».
He said, "The Burmese Iraq's debts are public funds belonging to the Kuwaiti people and the government has the right to act only after referring to those who represent the Kuwaiti people is the nation», He warned the government that it will face Al is not expecting feet in the event of such a step »saying," The irreversibility of the nation means tampering with state funds and lack of maintenance, disregard for the nation's and people of Kuwait and feelings that are still contested because of the Iraqi occupation of his country ».
He added : "the government to be aware of the reactions to this projection parliamentary and popular especially that Iraq is still a threat to the security of Kuwait and the hostility harbored by citing the attacks that occur daily on the Kuwaiti-Iraqi border and then,».
The contents of Al Burmese government's refusal to drop loans from citizens and complaints of public money while they SCRAMBLING toward dropping the loans on Iraq despite public money ignoring the opinion of the majority is out of the question despite the fact that Iraq has not announced until this moment of recognition of Kuwait as an independent state did not provide any formal apology to Kuwait on his army of the occupation of Kuwait and the burning of its wells and killing some people and the displacement of others that he be open to all, it shows the weakness of our foreign policy ».
He called Burmese MPs who refused to drop the loans of citizens under the pretext of maintaining public money to the government that they firmly and solid before the chamber for toppling Iraq's debt if they truly want to maintain the public funds ».
The Burmese package send questions to the prime minister on Iraq's debt, and the total value of the legitimacy of the government debt remission for Iraq without resorting to the nation and the reasons why the government is committed to the opinion of the majority in the Paris Club before taking the opinion of the nation so.
Elsewhere across MP Dr. Walid Tabtabaii its strong indignation at and resentment of his fellow deputies from the position of Minister of Finance Bader Al-Humaidi, who told him of the Financial Affairs Committee that the parliamentary and the government refused demands to increase parliamentary and popular session dinars to the social well for staff and retirees.
His sudden, "The government's intransigence toward this popular demand is not justified, especially as Kuwait did not witness a significant increase in salaries since many years while prices are increasing and the cost of living becomes expensive and burdensome to the family of Kuwait, Also, the government rejected the demand in light of substantial increases in state revenues with the improvement in the prices of oil ».
On the other hand, the government referred to the Commission for the Protection of public funds yesterday, a memorandum containing its responses to the observations raised by the Committee during its meeting to His Highness the Prime Minister Sheikh Nasser Muhammad in July 25 last year.
The government hoped to be sufficient to clarify answers queries of the members of the Committee, stressing implementation of the commitment to openness and frankness that all of the issues raised are beyond the public money. In order to confirm the facts and failure to protect nails or the aggressors of public money to be heading for the new era.
The Minister of State for the nation Hadi Salih said that the government would not hesitate to stop the work and projects that the decisions adopted by the ministerial committee formed by the Cabinet recently that the corruption or departure from the terms of the contract, He added that the government would punish those responsible for this corruption.
He added in a statement to the press that the ministers of all direct instructions from His Highness the Prime Minister Sheikh Nasser Muhammad, the prosecution of serious spoilers, and the preservation of public money, and cooperate with the National Assembly in uprooting corruption.
He said, "We are in the process of a comprehensive response to all the issues contained in the report of the Audit Bureau» expected to conclude the ministerial committee in charge of task before the beginning of the next session ».
On the other hand, The Committee for the protection of public funds meeting yesterday evening to complete the discussion of its agenda with First Deputy Prime Minister and Minister of Defense, The Interior Sheikh Jaber Al-Mubarak and Deputy Prime Minister and Minister of State for Cabinet Affairs Dr. Ismail al-Shatti, and Minister of State for Cabinet Affairs and the nation Hadi good addition to the Minister of Commerce Falah Al-Hajri, Minister of Finance Badr Al-Humaidi and Minister Abdullah Almahilbe municipal and Works Bader Al-Humaidi.
He said the decision of the Commission, MP Ahmed Al Larry addressed to the letter sent by the Commission in the August 13 last after the first meeting with His Highness the Prime Minister and the ministers concerned and so far has not reached us of the response around where al-Shatti, Minister promised to provide the Committee with the government before the next session, especially the subjects of TNT was the focus of activation procedures in the application of the law to protect public funds.
And I think that added to the State failed in the application of the law to protect public funds and to provide the answers on the periodic law commission and the companies in which they invest and other State and went to many of the issues, such as the abuse that took place on the property of the state and the importance of stopping such abuses as Chatty explained that the state cooperated by a particular and arrested many of the projects and set up a committee to re-investigate the project that had been contracted and how it violates the laws with a revision of the BOT projects in general and to stop the projects that are coming to a clear, transparent justice and equal opportunities this subject.
He went to see Al Shati Minister promised that there would be a review of the contracts that have been entered into, and if there were irregularities was put through feasibility studies also touched on the shortcomings that marred the work of some quarters about offering some of BOT projects either the Ministry of Finance or the industry, customs or flying, or the Ministry of Public Works projects or a for the tourist or the Public Authority for Agriculture ».
He said : "Deputy Minister pointed out that the committee will use some non-profit organizations for their participation in the monitoring and evaluation of the experience of BOT in the State have also been addressed with the Court of Accounts of such a committee, where it was confirmed that the session is not for membership, but to accelerate discuss such issues and major projects, where there was a Take the participation of the Court of Accounts so he denied ».
The Lari said that the discussion of amendments adopted in the previous received from the government and is being discussed in the Finance Committee and the importance of urgency to approve such amendments to be halted abuses that currently exist on the property of the state.
He added that the government has been keen on cooperation with respect to the protection of public funds and they are no less enthusiasm of the members of the National Assembly in this aspect and push towards strengthening confidence in the cooperation between the Council and the government.
With regard to projects Bubiyan port and the bridge to see the girl said, "The government explained that these projects will be in accordance with routine government through the bids and not according to the BOT system».
Kuwaiti homeland

Adoption of the draft law of the Ministry of Women in Iraq

(Voice of Iraq) - 05-10-2006 | This issue was sent to a friend

Baghdad, Middle East »: the Iraqi Council of Ministers during its last meeting on the project was submitted by the Ministry of Women and the Special Law of the Ministry of Women and Family Affairs in Iraq. The spokesman said the Ministry of Women's Media told Al-Sharq Al-Awsat »Prime Minister Nuri al-Maliki sincere and finally on the law after being approved by President Jalal Talabani and will be submitted shortly to the House for confirmation of its terms.


Sotaliraq.com

It looks like Kawait isn't going to forgive the debt. How much does Iraq owe Kawait and I wonder how this will effect the reval?

Originally Posted by Adster

Great find team, interesting.....


Voices of Iraq : MEETING-lift
Kawthar wrote : On Wednesday, 04 October 2006 12:42 PM-BT

The adjournment of the meeting of the House of Representatives to visit Hall-commerce
From the hushed Abdulamir
Baghdad - (Voices of Iraq)
Announced by the Speaker of the Parliament Mahmoud Almshahadani today, Wednesday, adjourned the session for half an hour to visit the Hall of electronic him, which is scheduled to convene its parliament in the coming days.
He said Almshahadani "will uphold the parliamentary session for a half-hour visit to the Hall commerce and learn how to use."
During the morning session of the parliament to discuss the continuation of the investment law, which was postponed a vote to be held on Thursday, October 12, October 1st. " He said the first deputy, Khaled al-Attiyah of the United Iraqi Alliance list today during the meeting "tomorrow will be listening to the proposed amendments to the law will then be held on Thursday, October 12 October first."
The investment law has met with considerable reservations by members of Parliament with respect to the number of years Almsathat granted to investors. Dharbeh and exemptions.
In the letter of the law to exempt foreign investor from taxes for a period of ten years, and that the duration of the investor Almsatha 50 years.
On the other hand, it denounced the Kurdish list in the House of Representatives today, the attack on three relatives of Deputy Samia Aziz, the Kurdistan Alliance.
The Speaker of the House of Representatives, who read out a statement of condemnation at today's meeting, "The home of Deputy Samia Aziz surprises before (terrorists) in the second of this month, which led to the death of her nephew, Khaled Ibrahim, and his uncle Sadek, I explained sister, and she said the three bullets in the head. "
Condemned Hamid Majid Moussa, deputy of the Iraqi List the incident and said that "communal violence and racial together."
On the other hand, said Mahmoud Almshahadani automatic Ada to the House that it is necessary to meet the deadlines for the start of the parliament sessions, which were identified in the ten in the month of Ramadan.
He said Almshahadani during today's meeting "must stick to the limit all the dates start of meetings that we have set in ten in the month of Ramadan therefore action would be taken to the member who will be delayed from that date, certain actions will be taken against him will be determined in the parliament."
He added : "The meeting will be held at ten and record the names of those present at 10:00 and ten minutes, If a quorum will be meeting for half an hour and if a quorum after two half will be meeting and will hold parliament caused a delay in holding the meetings. "
The today's meeting had begun to 12pm local time for the city of Baghdad.

This sounds very good to me that maybe they are trying to bring some structure to their Government and work together to achieve their goals. They need to be strict with Parliament. This is a good sign that they will start working as a team!!!!

Together everyone gets more done!!!

Dinar-Excited

Originally Posted by Offshore-Wealth.com

Personally, unless you were looking to invest indirectly in the ISX, there is little advantage of opening an account in Iraq. Technically speaking, the moment you do, the U.S. gov knows about it, this you can take to the bank, and even though you may not have had to supply a SS# to Warka, you can bet on it thay your bank you wired from has recorded such and as required by the Patriot Act, have sent off this transaction to government as is required with all related transfers to muslim countries, as in terrorist monitoring activities. ...

I have a Warka account and I believe that it is probably not necessary at this point since US banks have been trading in dinar. A Warka account has a lot of risk associated with it that should probably be avoided. On the other hand, I obviously believed that Warka was a logical diversification not too long ago. I'm keeping it and my cash in hand at this point, as it's still possible that Warka could turn out to have some benefits.

Originally Posted by Offshore-Wealth.com

Not to be paranoid, but those who have opened an account and wired funds are now on a master list of potential terrorist supporters, like it or not. So in my opinion has always been to not open an account in any muslim country. Given this fact, it was not worth it given the only advantage was to invest in Iraqi stocks, even if profits were realized, I don't like the idea of being on the U.S. terrorist hit list. In time, we will all be able to do this without the same concerns, so from a personal stand point, I don't want Uncle Sam looking over my shoulder snooping on any of my private personal
fiancial information, it is bad enough we have to report income from all sources, so why would I want to be on a terrorist hit list? ...

I'm not at all worried about being on a list. I've traveled to Europe since my Warka investment and did not experience any problems. My bigger concern is identity theft or Warka becoming insolvent.

As for Uncle Sam being privy too my info, you must take that for granted on any financial transaction unless you are sheltered offshore, which it appears that you are from your user name. If the dinar hits, I'll definitely explore offshore financial resources, but I've always been tentative about who to trust. The dinar itself has required little trust since it is a relatively small investment in my case.

Originally Posted by cigarman

It looks like Kawait isn't going to forgive the debt. How much does Iraq owe Kawait and I wonder how this will effect the reval?

It does surprise me that Kuwait did not follow suit with Saudi and the others that just forgave debt. I am not sure what they owe them. Maybe they are holding out for extra Dinars.

Dinar-Excited

Originally Posted by MC Dig

Ok OZ, thanks for the tip,

I will stop by a branch tomorrow and inquire about the Dinar. I too have a nice stash in hand, but everyday w/o an r/v is another day to buy more Dinar!

Tell that to my credit card company

Originally Posted by Dinar-Excited

It does surprise me that Kuwait did not follow suit with Saudi and the others that just forgave debt. I am not sure what they owe them. Maybe they are holding out for extra Dinars.

Dinar-Excited

kuwaiti's never really forgave iraq for invading which they still say was over the iraqi dept

Originally Posted by cigarman

(a)It looks like Kuwait isn't going to forgive the debt. How much does Iraq owe Kuwait and I wonder (b) how this will effect the reval?

a. That's because it is now official that Iraq has more oil than Kuwait. It's also just a matter of time before they admit that Iraq has more oil than Saudi Arabia as well. Why do you think the Saudis are so friendly towards Iraq? More like greed & hypocrisy, which go hand-in-hand and is the norm in the Middle East. And...

b. Will not effect any adjustments in the IQD. Mostly because Kuwait still needs Iraq's natural gas, cement, agriculture, etc...

So...No worries.

Originally Posted by Adster

Who says that with all the oil being pumped out, twice as much as in the 80s at a price three times the amount in the 80s we can't have an exchange rate of at least $1.48?! Do I hear a WOOT from our Alaskan friend???!!!!

WOoT!!!!!!!!!!