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

Originally Posted by lonelyintexas

Shotgunsusie,
Do you think they will peg to the SDR basket. And it be the recent figure of 1.48 there abouts or are you still holding to 1.20.
Thanks
LIT

One other thing I have been wondering. One of the issues Iraq is facing is the black-market of resources. If they come in with a low reval that would not help close that loop. Am I thinking right?

OSOK

Iraqi banking sector and its relationship to foreign investment

Source : Al-Sabah - 06/10/2006



Can foreign investments play a major role in the field of development and progress in view of which comes from funding sources and advanced technological and management of high-level and thus could contribute effectively to the increase in the volume of output and income in the country that Iraq is trying to attract as much foreign investment as possible as it is the case in many Arab countries, (For example, not exclusively) in Jordan since 1997 has been to create a better atmosphere and foreign investments, we find that today (60%) from the financial market by Jordanian owns and foreign investors (37%) of investors Arabs, as well as in capital markets in the Cairo and Alexandria Stock Exchange and the Bahrain Stock Exchange and the Dubai market and the market in Kuwait, Tunisia and Els Audi is the richest oil countries are now on the verge of opening their markets to investors and the desire of non-Arabs it is to attract foreign capital only. but to bring management expertise and marketing know-how and settle them locally.

To encourage foreign direct investment and indirect contribution to the building of the Iraqi economy, highlighted the need for capital inflows, Therefore, in the coming months will be contributed (7) banks were disallowed by the Central Bank of Iraq subscription to the capital of each of them is (50) billion dinars. Last year was the issuance of new laws for the financial sector including investment law in Iraq (international banks), raising capital requirements for banks to (50) billion dinars for access to the international standards.
Studies indicate that the attraction of foreign investments to the region, despite serious attempts by the State was not easy, as the investment environment in Iraq is encouraging foreign investments, The security situation is entirely inadequate and the infrastructure of the economy and government support marginalized eating half of the budget and the institutional and legal environment for the protection and care of non-existent investment and economic reform attempts through a series of laws and legislation, despite its validity, it raises suspicion and distrust among the general community in terms of :

1. Oil revenues sufficient to fund development and growth.

2. Foreign capital in violation of Iraqi sovereignty and lead to the sale of Iraqi assets in global markets.

3. Openness is found that the controls and restrictions dictated by the state to regulate this process.

There are objective conditions to attract foreign investments in Iraq, including :

First : the existence of political and security stability.

Second : country enjoying a sufficient degree of monetary stability, including stability of the exchange rate of the Iraqi currency (the dinar).

Third : the existence of adequate international reserves and free transfer of profits to foreign investors.

But the lack of stability and security reforms and hinder the fruit, It also represents a major obstacle to investment projects in the country.

The House continues its discussions on investment and the formation of legal

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

The House continues its discussions on investment and the formation of a legal Territories


Baghdad / Hisham became
The House of Representatives held a regular meeting last Thursday under the chairmanship of Dr. Mahmoud Almshahadani. Before the start of work meeting, the first deputy chairman of the House of Representatives on behalf of the Council condolences to the families of Deputies for Yassin and improve Tai, Medina terrorist and criminal attacks against the families repeatedly left MPs. The Council also issued a statement in which it denounced the assassination of the Kurdistan Alliance MP Mohammad Reza.
And during the meeting to continue discussion of the draft investment law, especially with regard to the question of the reasons for investment and support the establishment of the investment projects in Iraq and the expansion and development at various levels of economic infrastructures in order to advance the development and identification of the privileges and exemptions for these projects.
On the other hand, the MPs continued their discussions on the draft law defining the executive procedures for the formation of regions and voiced comments on this issue. On the sidelines of the parliamentary session Virtue Party held a press conference explained on the draft proposed by the provinces, which would resolve the dispute between those who call for federalism is rejected, The deputy said the Virtue Party Karim Mohsen, "our project, which includes the formation of regions of the province, is one solution to the dispute between the wishes of the composition of the territories comprising more than conservative and between the territories that refuse composition because fear of the division of Iraq." Pointing out that the proposal calls for the virtue of the formation of regions and one province, and to enjoy the powers to maintain the territory, And at the same time maintain its population and administrative unity of the same province.
Long


Sotaliraq.com

Taking the country by surprise, Erhard went on the air on a Sunday night in June 1948. First, he announced that each German would be given forty Deutschmarks (replacing the old Reichsmarks). This would be followed by a second installment of twenty Deutschmarks. Credits and debts would be converted into the new currency at the rate of ten to one, and people would have to prove how they came by sums that exceeded 5,000 Reichsmarks.

Erhard knew that his currency reform would be doomed if the new money, like its predecessor, faced bare store shelves and empty warehouses. To prevent this, Erhard announced the second -- and by far more important -- part of his program: most of Germany's wage and price controls would be dropped. First, controls would end on a wide range of consumer goods. Within six months, controls on food would be dropped. Erhard gained support for his measures by billing them as a patriotic move designed to replace a "foreign" economic system that had been imposed on Germany. The German people were astonished to hear that all these changes would commence the next morning.

Almost immediately, the German economy sprang to life. The unemployed went back to work, food reappeared on store shelves, and the legendary productivity of the German people was unleashed. Within two years, industrial output trebled. By the early 1960s, Germany was the third greatest economic power in the world. And all of this occurred while West Germany was assimilating hundreds of thousands of East German refugees.
__________________

Originally Posted by shotgunsusie

well then, lets have it on my birthday!! Nov. 10th for an rv party in the caymans?? anyone game???

I'M IN!!!!!!!!!

Barham Salih : the new oil law would allow all Iraqis

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

Barham Salih : the new oil law would allow all Iraqis to participate in the imports of national wealth
Iraqi Deputy Prime Minister, told Al-Sharq Al-Awsat : »security situation and seriously threatened in the Iraqi project credibility


London : contagious Fayadh
Dr. Barham Saleh described the Iraqi Deputy Prime Minister, the security situation in Iraq as "grave» because of the political pressure and Al projections sectarian hotspots in the political arena ». He pointed out that there is serious attempts by political leaders to reach solutions serious », cautioning that, "If the initiative is not restored, however, the government, the extremists will carry everyone to their sites and that the project is threatened in the Iraqi credibility».
The Deputy Prime Minister of Iraq in an interview with Middle East »on the phone from his office in Baghdad, said that the draft Prime Minister Nuri al-Maliki's national reconciliation put forward recently by the important points must be applied in order to do work on improving the performance of the government as the sole source of political authority to deal with the security file», alluding said that the paragraphs of this initiative are to the members of the House of Representatives (parliament) and the Iraqi political leadership », Al wishing to deal with this initiative seriously and implemented ». Saleh said, "The most important cited the recent reconciliation is examine the issue of abolishing the Baath Party and Iraqi prisons», He said that the law abolishing the Baath used for the elimination of political opponents of this piece of the Ba `ath party to a judicial body away from the hands of politicians».

He added, "If we are serious about the question of abolishing the Baath Party must reject all these means flying the concepts of justice and democracy but, in essence, working to spare the livelihood of the people, This is not the values that fought for », He pointed out that "we have to recognize that this body (uprooting the Baath) become part of the problem and not the solution, the application must be justice and accountability of offenders who have committed crimes against the Iraqi people and give a road map of many who linked their interests at a time, the previous situation and not to resort to revenge political ».

The Deputy Prime Minister of Iraq last report issued by the United Nations against the Iraqi prisons and detention camps and practices which violate human rights, as an "painful», He said : "This report seriously, we can not tolerate a government that in dealing with the results of this report credibility depends on the government our respect even for a minimum of human rights and the fight against terrorism does not justify the practices of some security organs of the review must say Iraqi prisons and control the practices of the security and the opening of the m sober international organizations ».

He said, "We have the benefit of an ambitious project aimed at national reconciliation and must abide by the political body of the national security and the House of Representatives will be mobilized and political leaders to work and the most important components of this program is the investment law, which will revitalize the economic situation, the private sector and amend some of the paragraphs of the Constitution by the legal committee charged so »-neno.

For the first time, The Deputy Prime Minister and Chairman of the Committee on Energy and the oil light on the oil-for the new vehicle information, He said that in the three days we were in the energy, oil, which includes the relevant ministries and institutions lengthy meetings and in-depth on the topics of energy, oil and the investments of the mineral wealth of Iraq has come a significant strides to reach agreement on the features of the oil ».

Saleh pointed out, saying "we have reached everyone was committed to the constitution and constitutional materials contained on the investment of national wealth, There is agreement on the need to participate in oil imports, to be deposited in a special fund in Baghdad and distributed these imports justice and transparency to the inhabitants of the governorates, according to the percentage in each province, taking into account the needs of some provinces and the fact that it was punished because of the former regime. A national oil policy formulated and administered by the supreme body of the oil comprising representatives from all parts of Iraq, A decision was reached to the restructuring of the National Oil Company as a holding activate oil companies in different regions of Iraq, according to the need of that ».

Saleh added learned that the law aims to provide a suitable investment environment for the development of the oil sector so as to attract foreign investments and to benefit from international expertise. We hope to double production to a rate of 4.3 million barrels per day in 2010 and the limits to about six million barrels per day by 2012. In my opinion, we can aspire to more than those rates if the security conditions favorable ». And about the relationship between the government of the Kurdistan province and the federal government on the subject of oil. Saleh said, "The Constitution is the bedrock of governance, The government of the Kurdistan region and the approval of the lines she had mentioned about the oil remains problematic to conclude contracts on whether that should be taken with the federal government or with the territorial government, This subject is under discussion and we will be able to resolve according to the Constitution, so as to ensure the adoption of an oil policy aimed lead to the maximization of oil imports and distribution, as stated in a fair ».

In response to a question about what was raised from about provoke contracts, which had been signed by the government of Kurdistan before the invasion of Iraq (2003), deputy head of the Iraqi government that there is a set of contracts signed by the government of the Kurdistan region with some companies before the fall of the former regime. the Constitution is clear that the decisions of the government of the Kurdistan region, including court decisions and contracts, The window and legal basis of articles 137 and 141 of the Constitution ».

He expressed optimism that Saleh Al pending problems, this issue will be resolved in accordance with the Constitution », He said, "because everyone is eager to manage the oil sector so as to ensure the best interest of the country and the Iraqi people that we have accepted to participate in the import policy and the payment of this vital area to the front».

He also said that the big test ahead expressed Will oil workers indivisible, and the distinction between the Iraqi conflict, or will be converted into a unifying factor involved in the wealth of all Iraqis. The oil curse and we hope that turns out to be a blessing for all the people of this country ».

Middle East

Sotaliraq.com

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

Rice calls on Kurds to cooperate to create a unified Iraq and the sharing of oil wealth

Barzani : Iraq chose federal despite our right to self-determination. We support the equitable distribution of oil

Arbil : Middle East »
The American Secretary of State Condoleezza Rice, the leaders of the Kurdistan region of Iraq yesterday to cooperate with Baghdad for the establishment of a unified democratic Iraq and the sharing of oil wealth. The Chairman of the Kurdistan region in a joint press conference with Rice, certainly that the Kurds have chosen to remain within a federal Iraq REGARDLESS of their right to self-determination »and support for the fair distribution of oil wealth.
Rice, and went to Irbil from Baghdad at the end of an unannounced visit to hold talks with Barzani. It quoted by the French News Agency as saying at the conclusion of a bilateral meeting lasted 45 minutes with Barzani said "the Kurdish people will be no better if Baghdad and the surrounding areas stable and democratic». And we did "good talks on the national reconciliation process and the vision of an Iraq united, democratic, peaceful and stable peace with its neighbors».

Washington fears that the Iraqi Kurds declare independence, which would accelerate the fragmentation of Iraq and anger Turkey, which was facing problems with its minority Kurds. It is to raise the Kurdish and American flags during a press conference and the absence of the Iraqi flag, which is Barzani Banzalh from government departments in the province.

For his part, Barzani said that Kurdistan, like any other nation the right to self-determination », He added, "The Kurdistan Parliament approved the federal system within the framework of a democratic Iraq». According to Reuters, already pointed out often to the right of the Kurdish region to secede from Iraq if the failure of the American project to establish democracy decentralized federation in Iraq.

As the talks aimed to convince the leaders of the province support the law provides for the sharing of oil wealth among all Iraqis. Rice said to reporters who Irafqunha Al believe that the oil loves to be a resource for all Iraqis. It must be of benefit to all ». She before arrival to the region learned that the only vision that we gave to the Iraqis and to share them with us, mostly, I think, is that the oil must be a unifying factor and not make the country less alone ».

The Prime Minister of the Territory Najirfan Barzani, had accused late last month, the Ministry of Oil in Baghdad as "sabotage» Kurds efforts to develop resources in this sector. He added in a statement said that the Kurdish people voluntarily chose to be in a unified Iraq, in accordance with the constitution. If ministers reject the constitution in Baghdad, it is entitled to the Kurdish people reconsider his choice ». It was Barzani is the Oil Minister Hussein Shahrastani, who announced that his ministry scrutinize any items in the agreement signed by the government of Kurdistan. He stressed that the Constitution gives regional governments control over oil and gas they are not part of Al authorities exclusive to the federal government ». But the president of the province confirmed during a press conference Al support the equitable distribution of oil revenues for the Iraqis ». He added that our views very similar ». According to Reuters did not talk about oil Rice in the press conference.

The talks Rice Barzani error after Iraq last week, the first step towards the adoption of a bill in Parliament endorses the principle of federalism demanded by the Kurds and the majority Shiites and leaders oppose the Sunni Arabs fear that the introduction of the division. And supervised Iraqi Kurds to their governorates three autonomous since 1991 they have oil resources. And the nine Shiite provinces in the country is also rich in oil. According to Reuters, said high-level American official in the State Department, Al issues in Iraq now. A very critical and can not be rushed, but the process must not be rushed by a decision of the majority at the expense of minority ». The control of the largest oil fields in Kirkuk in northern Iraq is a source of tension. The field is located outside the Kurdish area, but the current Kurds want a referendum on the annexation of their lands.

The Rice arrived Thursday afternoon to Baghdad for an official visit during which he urged the sudden Iraqi officials to stop the violence, asserting that "I do not have time for endless discussions on this matter». Rice arrived in Baghdad on board the aircraft Al Hercules C 130 »boarded from a military base in Turkey coming from Tel Aviv. However, the plane was delayed 45 minutes behind schedule because the airport was closed due to the failure of some missiles, which forced the plane to overfly all this time. Rice yesterday and left Iraqi Kurdistan, after a delay of two hours due to technical problems in the plane. Faced with the American military plane used by the minister to go from Baghdad to Arbil technical problems, what forced the security agencies to request a second was on a mission to Iraq, as announced to journalists, the spokesman of the Ministry of Foreign Affairs. Sean McCormack, who is accompanying Rice. After losing the first military aircraft of the type of CIA 17 »,« has been monitoring the problem in the engine. After assessing the situation confirmed driver and crew members do not wish to use and summoned a second », according to the spokesman. According to McCormick, the two military aircraft, which was called cut and delayed its mission before arriving at Irbil, as Foreign Minister waited two hours before exiting to the American Incirlik air base in Turkey. It Incirlik, Rice picked up an official visit to London to participate alongside her Chinese, French, British, Russian and German in a meeting on the Iranian nuclear crisis.


Sotaliraq.com

The assassination of a Kurdish deputy of the Iraqi Parliament, Baghdad. The arrest

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

The assassination of a Kurdish deputy of the Iraqi Parliament, Baghdad. The arrest of a member of the Al-Qaeda »Najaf

DANE soldier died of his wounds in southern Iraq


Baghdad : Middle East »
Gunmen assassinated a deputy of the Alliance of Kurdistan in Baghdad, said the Iraqi police said yesterday. On the other hand, security source announced the arrest of an "Al-Qaeda» in Najaf had been planning terrorist operations in the city. A source in the Iraqi police said that the gunmen fired at the deputy in the parliament of the Kurdistan Alliance, Mohammad Reza Mohammad, one personnel protection killed them ». The source said that police had found the dead body of Al Street between Morocco and hung Hirsh area north of Baghdad after leaving the parliament », according to the French Press Agency. For his part, the House of Representatives condemned the killing of Mohammed Al terrorist group accused of committing criminal process cowardly »according to the television Al» Iraqi government. The Kurdistan Alliance (53 deputies) had announced on Thursday evening that one of its members in the parliament has become Al missing ». The MP Reza belongs to the Islamic trend was affiliated with the Kurdish Alliance list.
On the other hand, A source at the police in Najaf yesterday that the fight against terrorism had arrested a member of the Al-Qaeda Organization »had been planning to carry out terrorist Al» in the city. It quoted the French Press Agency to Lt. success Jabr Al Moussa as saying We have arrested a person from al-Qaeda works within organizations Haitham Al-Badri responsible for the attacks on the tomb of military Imams in Samarra in February last (February) ». He said the operation took place in cooperation with the security and intelligence system Najaf »He said that the accused person was in the process of gathering information in Najaf in preparation for the criminal operations». The officer said, "This person admitted at the preliminary investigations executed terrorist operations in Samarra before continuing here».

In a related development, Central Military Command said yesterday that the Danish soldier Denmarkia died as a result of injuries sustained during the fighting occurred in southern Iraq alias. According to Reuters Danish soldier was involved in the process took place the day before yesterday to stop firing rockets on the camp of British forces and Danish. According to the Central Military Command in a statement Al fighting during the operation and a soldier was seriously injured DANE ». The injured soldier was evacuated by helicopter to a British field hospital where breathed his last breath of his wounds. Last month DANE soldier was killed in Iraq when a bomb exploded on the side of the road, which targeted the patrol jeep traveling on the road south of the southern city of Basra. For Denmark about 500 troops serving in Iraq under British command. The Danes killed five soldiers in the military operations in Iraq since the start of the American occupation of the country in 2003.


Sotaliraq.com

Originally Posted by CharmedPiper

Barham Salih : the new oil law would allow all Iraqis

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

Barham Salih : the new oil law would allow all Iraqis to participate in the imports of national wealth
Iraqi Deputy Prime Minister, told Al-Sharq Al-Awsat : »security situation and seriously threatened in the Iraqi project credibility


London : contagious Fayadh
Dr. Barham Saleh described the Iraqi Deputy Prime Minister, the security situation in Iraq as "grave» because of the political pressure and Al projections sectarian hotspots in the political arena ». He pointed out that there is serious attempts by political leaders to reach solutions serious », cautioning that, "If the initiative is not restored, however, the government, the extremists will carry everyone to their sites and that the project is threatened in the Iraqi credibility».
The Deputy Prime Minister of Iraq in an interview with Middle East »on the phone from his office in Baghdad, said that the draft Prime Minister Nuri al-Maliki's national reconciliation put forward recently by the important points must be applied in order to do work on improving the performance of the government as the sole source of political authority to deal with the security file», alluding said that the paragraphs of this initiative are to the members of the House of Representatives (parliament) and the Iraqi political leadership », Al wishing to deal with this initiative seriously and implemented ». Saleh said, "The most important cited the recent reconciliation is examine the issue of abolishing the Baath Party and Iraqi prisons», He said that the law abolishing the Baath used for the elimination of political opponents of this piece of the Ba `ath party to a judicial body away from the hands of politicians».

He added, "If we are serious about the question of abolishing the Baath Party must reject all these means flying the concepts of justice and democracy but, in essence, working to spare the livelihood of the people, This is not the values that fought for », He pointed out that "we have to recognize that this body (uprooting the Baath) become part of the problem and not the solution, the application must be justice and accountability of offenders who have committed crimes against the Iraqi people and give a road map of many who linked their interests at a time, the previous situation and not to resort to revenge political ».

The Deputy Prime Minister of Iraq last report issued by the United Nations against the Iraqi prisons and detention camps and practices which violate human rights, as an "painful», He said : "This report seriously, we can not tolerate a government that in dealing with the results of this report credibility depends on the government our respect even for a minimum of human rights and the fight against terrorism does not justify the practices of some security organs of the review must say Iraqi prisons and control the practices of the security and the opening of the m sober international organizations ».

He said, "We have the benefit of an ambitious project aimed at national reconciliation and must abide by the political body of the national security and the House of Representatives will be mobilized and political leaders to work and the most important components of this program is the investment law, which will revitalize the economic situation, the private sector and amend some of the paragraphs of the Constitution by the legal committee charged so ».

For the first time, The Deputy Prime Minister and Chairman of the Committee on Energy and the oil light on the oil-for the new vehicle information, He said that in the three days we were in the energy, oil, which includes the relevant ministries and institutions lengthy meetings and in-depth on the topics of energy, oil and the investments of the mineral wealth of Iraq has come a significant strides to reach agreement on the features of the oil ».

Saleh pointed out, saying "we have reached everyone was committed to the constitution and constitutional materials contained on the investment of national wealth, There is agreement on the need to participate in oil imports, to be deposited in a special fund in Baghdad and distributed these imports justice and transparency to the inhabitants of the governorates, according to the percentage in each province, taking into account the needs of some provinces and the fact that it was punished because of the former regime. A national oil policy formulated and administered by the supreme body of the oil comprising representatives from all parts of Iraq, A decision was reached to the restructuring of the National Oil Company as a holding activate oil companies in different regions of Iraq, according to the need of that ».

Saleh added learned that the law aims to provide a suitable investment environment for the development of the oil sector so as to attract foreign investments and to benefit from international expertise. We hope to double production to a rate of 4.3 million barrels per day in 2010 and the limits to about six million barrels per day by 2012. In my opinion, we can aspire to more than those rates if the security conditions favorable ». And about the relationship between the government of the Kurdistan province and the federal government on the subject of oil. Saleh said, "The Constitution is the bedrock of governance, The government of the Kurdistan region and the approval of the lines she had mentioned about the oil remains problematic to conclude contracts on whether that should be taken with the federal government or with the territorial government, This subject is under discussion and we will be able to resolve according to the Constitution, so as to ensure the adoption of an oil policy aimed lead to the maximization of oil imports and distribution, as stated in a fair ».

In response to a question about what was raised from about provoke contracts, which had been signed by the government of Kurdistan before the invasion of Iraq (2003), deputy head of the Iraqi government that there is a set of contracts signed by the government of the Kurdistan region with some companies before the fall of the former regime. the Constitution is clear that the decisions of the government of the Kurdistan region, including court decisions and contracts, The window and legal basis of articles 137 and 141 of the Constitution ».

He expressed optimism that Saleh Al pending problems, this issue will be resolved in accordance with the Constitution », He said, "because everyone is eager to manage the oil sector so as to ensure the best interest of the country and the Iraqi people that we have accepted to participate in the import policy and the payment of this vital area to the front».

He also said that the big test ahead expressed Will oil workers indivisible, and the distinction between the Iraqi conflict, or will be converted into a unifying factor involved in the wealth of all Iraqis. The oil curse and we hope that turns out to be a blessing for all the people of this country ».

Middle East

Sotaliraq.com

I like this part

He said, "We have the benefit of an ambitious project aimed at national reconciliation and must abide by the political body of the national security and the House of Representatives will be mobilized and political leaders to work and the most important components of this program is the investment law, which will revitalize the economic situation, the private sector and amend some of the paragraphs of the Constitution by the legal committee charged so ».

The arrest of oil products intended for smuggling in Najaf

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

Najaf / long
Dropped to Combat Economic Crime Directorate in Najaf governorate arrested a number of vehicles loaded with food and household appliances damaged and other items intended for smuggling.
A statement issued by the Najaf and got "short", a copy of the cadres of the Directorate managed to arrest the car category : the type of truck driven by both (p. Al. U) and (r. R.. H) and possession (746) Fund Beverages gas and damaged a car carrying driven mortality (p. H. P), (r. M. P) and possession (590) Pepsi-Cola damaged packaging. It was the arrest of the two cars carrying the type Valvo manned each of the (m. R.. U) and (m. M. X) and (h. M) and (a. H), (x. M. T.), and possession of large numbers of Pepsi and sweets (Aljklet), nappies, paper towels, It was the arrest of a car driven by the type of pregnancy category : (j. p. a), (m. h. k) and possession (114) bag consisted Mills, and another car type Kia pregnancy led (t. p. h) and possession (110) Coffee consisted bag. The statement added that he had been arrested on a car type Kia carrying driven (h. S.. M), possession (420) liters of gas oil intended for smuggling and the other led by (p. H. N) and (p. C. U) possession (990) liters of white oil is also designed for smuggling.


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