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

Okay, I do not know if this is new or not so I need some input. I just happened to get on the Bloomberg site and was checking foreign currencies. They show the IQD listed no new value but I do not remember them listing the IQD before....but I can't be sure be cause I don't use Bloomberg alot. Can anybody confirm if this is a new listing for Bloomberg....could point to something happening soon.


Bloomberg.com: Calculators

what was the deal with the first couple of lines with the artical saying lifting 3 zeros from dinar in circulation i noticed the artical disapered

Originally Posted by CharmedPiper

Okay, I do not know if this is new or not so I need some input. I just happened to get on the Bloomberg site and was checking foreign currencies. They show the IQD listed no new value but I do not remember them listing the IQD before....but I can't be sure be cause I don't use Bloomberg alot. Can anybody confirm if this is a new listing for Bloomberg....could point to something happening soon.


Bloomberg.com: Calculators

Bloomberg is one I have checked on here recently and I know for at least the past 3 months they have showed IQD...

Originally Posted by CharmedPiper

Okay, I do not know if this is new or not so I need some input. I just happened to get on the Bloomberg site and was checking foreign currencies. They show the IQD listed no new value but I do not remember them listing the IQD before....but I can't be sure be cause I don't use Bloomberg alot. Can anybody confirm if this is a new listing for Bloomberg....could point to something happening soon.


Bloomberg.com: Calculators

Yes they listed the IQD just a month or two ago! People were going crazy over that! So we are definitely close.......................

IQD on Bloomberg for quite some time now

Originally Posted by AlwaysDreaming

Posted by SGS on 10/8/06 http://www.rolclub.com/iraqi-dinar-d...ion#post116982

The possibility of re-dinar's value (the possibility of re-value dinar)

Makki Mohammed Rdam

Issued by the Ministry of Finance signals about raising three zeroes of the Iraqi currency in circulation, the explicit recognition of the status of inflation inherited from the former regime, may be the first step on the road to deal with the monetary system, , which in turn is an essential task of economic reform tasks of the Iraqi desired.
The attention to the fact that such actions do not affect the technical substance in the current monetary system on the basis of cash flows reflection of the financial flows. This means the language of the economy and the accounting balances and cash balances commodity can be read on the economic realities of a particular country, regardless of the outcome of these balances when negative or positive.
In the light of that understanding, we distinguish between the fiscal deficit accounting is increasing public expenditures on public revenues and the deficit between the economic / physical - which means reduced economic growth rates for natural-even in the case of increasing spending cash, Related to this deficit results and the negative economic effects resulting from the financial policy adopted.
While the surplus is economic (growth) achieved positive economic results, most notably - national saving – , Which always equals the National Investment and components of the investment is domestic investment in plant and equipment, stock, which also invest abroad and sources of savings is the personal savings, The profits retained by the business sectors and consumption of capital funds and savings of the government (any government budget surplus) and the corresponding true whether the economy is passing through a period of calm or moving towards recession or a leap in time of war.
This is due to a number of reasons, some of which cite :
1-values and high prices of goods and services more than five thousand times mean on the ground change or transition from 1505-1810 to a different era they call the new and not necessarily be the best of the old and the consequent transfer of the social strata of the salary to move again because of the values and prices of the assets of old or unused land and real estate place, Emah-invested, and the recovery of demand for certain services only.
Two-changing and the enormous rise in values and prices lead to change and alter the relations that existed between the sectors of the components of the economy to new relationships are often distorted, especially in the beginning, rise prices of goods and services a certain percentage depending on the nature of their raw materials, which may be imported from the origins of certain rate much different to the rise in other commodities, and for other reasons, while also remaining goods and other services (often local) unfortunately unchanged are those goods and services produced by small adoption or consume a vast majority of the first affected by the phenomenon of inflation.
3-expansion in the issuance of banknotes, which are in violation of our legal and constitutional, if not offset by the parallel expansion in the value-added tax. To stand on the size of the inflation that has afflicted the dinar since the start of the international embargo in 1991 to reach several conclusions, including the expansion of the authority of the impact of inflation on some basic goods and services (consumed by the vast majority of the community) outside the rate of inflation or economic recognized officially.
If the value of Afls = 1 / 1000 of one dinar old and can be compared to 1 / 1000 of the current dinar A., The value of a packet of matches at a time the old dinar (5 Fulus) matched now 50 dinars, 5 / 1000 matched now 50 / 1000 dinars any Pal offset 0.050 0.005 dinar, where :
1-Afls smallest monetary unit in the Old Testament.
Two-dinar smallest monetary unit in the new era.
The value of a pack of matches was in the Old Testament 5 x smallest monetary unit (Afls) = 5 Fulus
The value of a pack of matches at the present time 50 x smallest unit of currency (the dinar) = 50 dinars.
Fqimhalph match equal to five times while not referring to the real rate of inflation, which reached 10 thousand times the value of a pack of five matches Fulus / 50000 Pal and other commodities. But the source of these weakening in the price inflation was not true but :
One-adoption of the currency already inflated prices of goods and services for almost 30 years.
2-permeability ratios balanced sound economic relations between various sectors of the Iraqi economy.
3-random pricing of different origin, it is not subject to the market mechanism or state intervention, with some fluctuation in the price sometimes to the 1 / 15 once.
We say that in times of the 1960s, not the number of competent technocrats in Monetary and Financial Committee and the banks from Europe and the West take their places of responsibility in the follow-up affairs of the country, as is the case with the preparation of qualified technocrats.
Kmatabain and we often hear about economic, trade and financial and monetary affairs, and has placed even before the change of regime, The leaks, and sometimes publish explicitly via mass media and Western institutions and specialized responsible for the high level of specialization in the financial and monetary starting from the old currency, which was one of the most prominent features of inflation, forgery, and loss of confidence, The refusal to deal Balamzour including the issuance of a prison sentences against pushers got to be the first step on the road to monetary reform to replace the old currency inflated the new currency, with the change in some categories, such a move might only have to stop the accelerating deterioration, which had struck the old currency and the Iraqi economy a whole.
And if we are to restore the value of the Iraqi dinar old when shot by the former regime-and gradual-in spite of the lack of a theoretical equation or chart the value of certain work as we have said, it is possible to start the technical side, without compromising on the strength of the currency, since we consider the first premise.
1 - the value of the monetary unit assumed – Pal old dinars in 1000 almost 1500 dinars myself almost new dinar.
Two-study and determine the date of disbursement of salaries and wages of all employees of the Iraqi state in the light of the Civil Service Act and the new retirement.
3-will be the new dinar's value almost equivalent to 1500 dinars from the current value of the dinar amplifier, no comparable to the value of the dollar and some hard currency.
4-all categories can be re-dinar old Afls so small as well as large class until ten dinars.
5-schillings continue existing and new arena, the exchange rate decision of the issuance value of the Central Bank.
6 - a plan to repay the balance of the withdrawal of currency in the current non-specific dates or measure the volume of retained Release of the new dinar's value of the future.
7-develop certain characteristics of the dinar per daily transaction can expel from the current currency from circulation, according to the nature of these advantages. I read this as saying that the current denominations will be gradually taken out of circulation. Am I reading this correctly? 8-all those measures, elementary, certainly, essential to the economic reconstruction before any sudden change in the structure or the nature of the Iraqi economy or its components does not affect sectors (industrial, agricultural service.) or even the point of development chosen by the people of Iraq, it is a constitutional issue decided by the will of the people, but technical regulatory action can be viewed as measures to assist in evaluating the moral outlook rhythmic sound to measure the details of daily living of the citizen and the family, the market and the state. The leaders alike, which has been a lot of confusion and an economic downturn.

read the first few lines here and tell me what you think thanks

I dont recall seeing it on there before..I dont go there that much.But I dont think it was on there before..

Labor ministry to distribute monthly funds in iraqi dinar for idles
> November 05, 2006
>
> The source made it clear that the ministry would raise up with about 50 per
cent of current salaries, which is about 120 to 150 thousands iraqi dinar for
the current time. Ministry of Labor has referred an application for distributing
funds every month instead of every three months. A source at the ministry said
that children of chronicle diseases would be included in the coming
fund.[Source]Alsabah

Originally Posted by CharmedPiper

Okay, I do not know if this is new or not so I need some input. I just happened to get on the Bloomberg site and was checking foreign currencies. They show the IQD listed no new value but I do not remember them listing the IQD before....but I can't be sure be cause I don't use Bloomberg alot. Can anybody confirm if this is a new listing for Bloomberg....could point to something happening soon.


Bloomberg.com: Calculators

I just checked that site on Friday and it was not there!!!!

Guess based on the other post it was there. But I swear it wasn't when I looked on Friday. I checked cause I thought for sure if it was going to happen this weekend it would be there. Oh well, thanks.


OSOK

Saudi Arabia grants 1.5 billion dollars to Iraq November 05, 2006
> The Iraqi delegation called on Kuwait to drop its debt. Dr. Barham Salih,
Deputy Prime Minister and head of the Iraqi delegation to the International
Conference in Kuwait, along with Dr. Muwaffaq Rubaie, the National Security
Adviser and the accompanying delegation met with the President of the Kuwaiti
National Assembly Jassem Mohammad Al-Khorafi and discussed bilateral and
parliamentary relations as well as ways of developing them and unify stances in
international assemblies. He stressed the necessity of eliminating the effects
of past and enhance the cooperation between the two brotherly nations. They also
thanked the Kuwaiti people and government for their support to Iraq in difficult
circumstances. Dr. Muwaffaq Rubaie also met with the Prince of Kuwait, Sheikh
Sabah Ahmed Sabah, and discussed the issue of Kuwaiti debt on Iraq,
reconstruction and cooperation between the two countries in all fields.
>
> Dr. Barham Salih said that the security situation in Iraq will witness some
improvement if Syria cooperate with the Iraqi government to work on controlling
the border and prevent the infiltration of terrorists.
>
> Saleh said in a joint press conference with the Special Representative of the
Secretary-General of the United Nations, Ashraf Qazi, after the preparatory
meeting of the International Covenant with Iraq, which was concluded in Kuwait
yesterday: that Syria need to work harder, with greater credibility and must be
aware of the gravity of the situation in Iraq, and make serious changes to deal
with the political and security conditions in Iraq. The National Security
Advisor Dr. Muwaffaq Rubaie revealed in another a press conference held on the
sidelines of the same preparatory meeting that a senior official from one of the
neighboring countries, will visit Iraq during the next few days to find a
political solution for the benefit of Iraq on the security level, without
mentioning the name of the official or the state. But unofficial sources in
Kuwait reported that the official, who intended to visit Baghdad in this regard,
is the Syrian Foreign Minister Waleed Al-Mu'allim.
>
> About the question of, "Assabah" on the timetable of the political and
economic reforms that have been agreed to take place in the meeting, and whether
Iraq possesses the suitable environment for conducting such reforms, the Deputy
Prime Minister said that the commitments made by Iraq to the international
community of political and economic reforms over the next four years, stem from
knowing the requirements of achieving stability in the country, and based on the
initiative of the Prime Minister in the national reconciliation and the
government's program of action in the coming stage, as well as other economic
agreements signed as part of the debt write-off of the Paris Club. He pointed
out that Iraq will implement these reforms, which are in the interest of the
Iraqi people, according to the vision of the elected government that represents
it, with or without the international support. At the same time, he hoped for
the international community's serious stand with Iraq to cross it to shore
safely.
>
> He pointed out that there are many of the accounts are cleared at the expense
of the Iraqi people and the Iraqi leadership is well aware of the gravity of the
situation, which can not continue. Everybody must understand that the
instability in Iraq will reflect negatively on the whole region, and those who
want to manipulate the security of Iraq should reap the consequences. He called
on the neighboring countries to assume their responsibilities in this regard and
cooperate against terrorism, which threatens the region.
>
> He pointed out that the problem of financial and administrative corruption, is
the most important obstacle to the work of the Iraqi government and instigates
the security situation in Iraq. He confirmed that among the articles of the
Covenant submitted by Iraq to the international community, is to deal with this
problem that can not be ignored, uprooting corruption and collaborating with
partners in order to achieve all of the aforementioned reforms.
>
> New offers were received during the preparatory meeting of the Covenant and
new financial commitments in support of Iraq by the United States, the European
Union and Saudi Arabia, which pledged $ 1 billion provided to Iraq in the form
of grants, aid and loans, as well as (500) million dollars provided for the
private sector in Iraq. He stressed that Iraq would be able to obtain clear
commitments from the international community after launching the International
Covenant in providing economic support, grants, facilitated loans, debt
write-off and canceling penalties from the previous decades, in addition to
providing technical assistance and encourage the Iraqi private sector. On his
part, Special Representative of the Secretary-General of the United Nations,
Ashraf Qazi, expected a broader regional and international participation in the
International Covenant with Iraq to be held late this year. He pointed out that
the entire world is interested in the stability of the situation in Iraq.
Al-Rubaie said, in a speech delivered at the preparatory meeting of the
Conference that the conditions are very difficult and, the Iraqi government is
still seeking to achieve this goal in addition to national reconciliation.
Economic reform as well as international and regional support for Iraq's efforts
represents an important element in enhancing the security situation and restore
stability in the country.
>
> He pointed out that the Iraqi government has launched the plan of national
reconciliation in order to expand the participation of the parties involved in
the initiative, regardless of their ideology and policy.(Source)AlSabah
>