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

Originally Posted by Inscrutable

It is one of the problems they are facing as I posted a week ago. The Kurds are willing to offer a percentage of the fields which are currently open but not of the fields that remain unexplored, just as it's worded in the constitution .

Have to reley on OSW and SGS for thier Kurd contacts for must here. But I will say there still is Greed involved. The Greed has to go away. Even tho the Kurds could mostlikely run this whole country, there are more there than just the Kurds. And I believe that is where the Fight is too, which we all should know.

Originally Posted by Mike5200

Legal Contradictions
But currently, Iraq's constitution is almost completely at odds with the draft hydrocarbon law on one fundamental issue: who has the authority to award exploration and development contracts.

Couldn't they just do this with an amendment to the constitution instead of re-writing the whole darn thing? It is saying in this article that there is basically the "authority issue" that is at odds with the constitution.IMO could be solved with an amendment.

Ditto Mike

Just have them learn to introduce and approve
an Amendment to the Constitution!

Don't just dump the whole thing. That could take.....forever....to write a new constitution.

It would be just the first of several amendments they will inevitably need in the coming years as they discover problems that want to deal with.
Just my thoughts on this.

ND

Originally Posted by Mike5200

US army office to assist investors in Kurdistan


By Qassim Khidhir
The U.S. Army opened a civil affairs bureau on Monday in Erbil to assist international companies and nongovernmental organizations (NGO's) in investing in Kurdistan.

Lt. Col. Jack Lomedico, bureau chief, said they would not be carrying out any service projects, but they were there strictly to attract international investment and help NGOs to sustain the economy and produce more jobs in the region, as well as assist national companies in exporting Kurdish products to countries such as the United States.

"We are here to help the Kurdish government and people; we want to make them economically independent, not dependent on the goods of other countries," said Lt. Col. Lomedico.

The bureau stationed in Ministry of Planning in Erbil city.

Even though Iraqi Kurdistan is an agricultural region, most of its agriculture products, and other products, are imported from neighboring countries. Every day, tons of imported agriculture and other products are sold in the Kurdistan Region.

In order to effectively support products produced locally, a recently conducted study has concluded that it will take four billion Iraqi dinars to build the required processing plants.

"I heard four million people live here and one million people are working for the government, but the government can't sustain that. They need to bring business and cooperation to the people who can work for the private industry so that the government can collect more taxes. That's how a free society works," said Lt. Col Lomedico.

When a company or a businessman comes to us, he should have a very good business plan to help sustain the economy here and produce jobs, said Lt. Col. Lomedico.

"We are going to find out what kind of products Kurdistan has. We will help the KRG or any local company that wants to export products. We have people in the United States who may be interested in purchasing products that are made here," he said.

Lt. Col. Lomedico mentioned that they have contacts with some organizations that give loans to people who want to launch businesses.

"When a company or a businessman comes to us, he should have a very good business plan to help sustain the economy here and produce jobs," said Lt. Col. Lomedico, referring to people who want to apply for business loans.

He concluded that when international companies and NGO's come to Kurdistan, the bureau would help them solve difficulties and point them in the right direction.




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Posted on Tuesday, December 19 @

Getting Ready.. This is going to Big. I see more and More Democracy every other Article coming into Play. Good fine Mike.

The election results from their immediate neighbour will have a significant impact soon ... either uphill and with Gate's expected recommendation to secure a safer place with more troops or... downhill with a nasty diversion should that wacko President gets re-instated... lets hope the latter loses for he has more disturbing influence outside his own country to stir unforeseen problems including Iraq and the stability we all are waiting to have... including your many millions of Dinars already stashed safely under or all around your home or secret wardrobe, mattress or built-in safe boxes....

Whatever the outcome, it is the outside movement like Iran that will soon be the focus to steer Iraq... just keep an eye on that front, your dinars will depend largely on that elections still counting away....


YB. - slash at a good pint for the time being!!!

A sudden rise of the Iraqi currency against the dollar

(Voice of Iraq) - 12-19-2006
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A sudden rise of the Iraqi currency against the dollar. And doubts the existence of manipulation

- Baghdad (votes)
The dollar? Foreign currency conundrums which depend the most money in the economics of the world has lost its mind in Iraq after the fall of the former regime have become transaction was publicly and without little control or financial control of a court.

Witness the dollar these days is dramatically reduced for reasons which may unaware citizen causes, and rising food prices and increases market Flamingly after the sharp decline in the dollar's exchange rate, she went (prospects) to the companies, Capital Region in Baghdad to know the reasons for this sudden put down to the citizen.

We met with Mr. Hamza Jawad at the director of a major financial company, and asked him : - What causes the decline in the dollar rate?

He replied : that the sudden and rapid decline indicates the existence of hidden Iyad certain plays in the movement of the dollar, this decline is a natural process, because the natural disembark be gradual.

In general, the dollar affected by supply and demand, it is known that the withdrawal of large quantities and this leads to rapid fluctuation; because circulation among citizens is not limited circulation can affect such impact on the market.

- Atqsid that this external circulation, or is it from the inside?
I can not identify bodies, and everything there that the dollar suddenly put to the market in large quantities, put tens of millions in minutes and are speculated upon by the people, and during the hour down the dollar exchange rate, I do not know who put this quantity suddenly. If I came back to economic reality, the logical dollar at this stage must be witnessing remarkable rise; because the pilgrimage season may accept and pilgrims performing Hajj Islam demand for the dollar in this period, a period of the pilgrimage be significant demand must be rising dollar rather than decreases, but contrary to what happened and this strange.

Frankly speaking, I tell you that such a sharp rise will be followed down the process and always be in this form, which presents a large quantity of the dollar then ran out of the market and the latter is aggrieved citizen.

- Do you believe that the decline in the dollar rate in this form would affect the rapid movement of the commercial market?

Affect significantly and negatively on the citizen and any decline of the dollar in general leads to harm citizens, because the citizens in general handle the dollar, but for the trade movement, it remains in Iraqi dinars, and to do so would harm the citizens.

- Going on in the Iraqi street is that one of the reasons for the decline in the dollar rate is the demand for the Iraqi dinar by the Arab countries, so what do you think?

We had heard so any that some Arab countries began circulation Iraqi dinars, I think that this is the face of health, and must be controls to prevent any leakage to the outside of the Iraqi dinar, but was not the main problem in my opinion.

In general I want to tell you that the Iraqi dinar must be measured not at the expense of the dollar or other foreign currencies such as the euro, for example, but we must measure the purchasing power of the Iraqi dinar in the interior of the country.

Now that the local market will increase the prices of commodities at risk of the dollar falling to preserve the value of goods in Iraqi dinars, which leads to increased value of the dollar. For example, the fridge بثلاثماءه sold dollars when the exchange rate (200.000) dinars, and when its rate of exchange (100.000) dinars remaining value of three hundred dollars, and the trader is trying to increase its value to five hundred dollars to balance the value of the Iraqi dinar, and this is causing a problem and the harm to the citizens that if the dollar traders offering their goods in dinars, and if the dollar rose offering their goods in dollars.

We met after a bank staff who refused to reveal the name and announced it the following question :
- What are the reasons that led to the dollar decline? What is the impact of this decline on the local market?
The new Iraqi currency that had been a source of confidence for the citizens in terms of strength and efficiency, this may be the first reason. The second reason, the opening up of trade with neighboring countries, and the confidence of those countries led to the new currency traded outside Iraq and demand has become much. As it is known in the former foreign trade such as trade in cars and other specific dollar does not satisfy foreign merchant dinars Iraq, but now, after going down to accept the new currency trader space of the Iraqi dinar has led to strength. Also, there is a third reason is the availability of large quantities of the dollar inside the country, where a humanitarian associations and other dollar deal, all provided quantities of the dollar.

According to the law of supply and demand will shrink the value of the dollar. As for the commercial market activity is obvious this market down the dollar. Note that the withdrawal of funds has become a big business and that the movement had witnessed remarkable activity in the markets.
- What is the value of the Iraqi dinar in the neighboring Arab countries? Is it the same value in the home?
I think that the exchange rate more, as one of traders told me that the greatest value of the Iraqi dinar in the neighboring countries.
And then we met with Mr. Hamid Abdel-Hassan's home banking capital, where he made his opinion, and we thank him in the issue of climate and the exchange rate, he said : I think that this change in the exchange rate was due to the circulation space and the high demand for the Iraqi dinar, as well as there are many external transfers of up to Iraq to put an enormous amount of the dollar and the short of what I thought about the reason that the exchange rate. (End)
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President of the Republic stresses the necessity of commitment to the international instruments

(Voice of Iraq) - 12-20-2006
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President of the Republic stresses the necessity of commitment to the international instruments on human rights and their application in the country

His Excellency the President of the Republic, Mr. Jalal Talabani keen on the necessity of commitment to the principles of human rights in all joints, and the institutions of the Iraqi State. This came during his meeting, on Tuesday, British Prime Minister envoy on human rights that Cloide. Excellencies, pointed during the meeting to the development of human rights in Iraq, committed by terrorists and death squads of violations in this regard, stressing the need to abide by all the international conventions on human rights and their application in the country. Also discussed with His Excellency President Talabani British Envoy and the latest developments in the political process in the country, affirming keenness of His Excellency to support all efforts to establish a federal, democratic Iraq free from terrorism and extremism.
And receive the credentials of the new Brazilian ambassador in Iraq.

His Excellency the President of the Republic, Mr. Jalal Talabani, Iraq's desire to develop relations and strengthen the ties of friendship and cooperation with Brazil, estimated their support of the Iraqi people. This came during received the credentials of the Brazilian Ambassador to Iraq Bernardo Azevedo Prato, on yesterday, Tuesday, at his residence in Baghdad.
, Called on His Excellency President Talabani, the Brazilian government to encourage investments in Iraq, particularly in the safe areas, stressing that the Iraqi government provide the appropriate environment for investors and provide them with all the facilities to promote the economic reality in the country, as indicated by His Excellency to the current situation and progress in the political process to lay the foundations of democracy in the country. On the other hand, the new ambassador Prato Brazil's position in support of the Iraqis and the desire for permanence of relations with Iraq and to support the government.

As His Excellency the President of the Republic expressed his wishes for success and the success of the Brazilian ambassador in his work, expressing readiness to provide the necessary support for the duration of his stay in Baghdad.

Saudi Arabia denies intention support of the Year

(Voice of Iraq) - 12-20-2006
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Riyadh-News Agencies : denied, the Saudi Foreign Minister, Prince Saud Al-Faisal the health of two reports published two newspapers "New York Times" f "Washington Post" recently reported that his country intend to interfere in Iraq in support of the Sunni Arabs against their own citizens the Shiites in the event of the withdrawal of American forces · He emphasized that the Kingdom of Saudi Arabia equating between the all Iraqis · and said Al-Faisal during a press conference held in Riyadh yesterday : "Since the beginning of the crisis in Iraq from the formation of the government and the methodology, practice, and Kingdom declares it stands the same distance from all of the Iraqi groups" and added · "We do not erect ourselves protectors of any category or sect" Iraqi and continued "we cooperate with each of the wants the unity and independence of Iraq, but we hope that all citizens shall be equal the Iraqis before the law in rights and duties in this Arab country ancient in its history, and its originality," · and called on the Iraqis to promote national unity detached from external interventions designed to legitimize the division and sectarianism and destabilization in Iraq and the entire region ·
The Emirates

Chalabi looks for regional support for his new party

(Voice of Iraq) - 12-20-2006
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Chalabi looks for regional support for his new party
"Compatibility" welcomes political alliance away from sectarianism

BAGHDAD : Alaa Hassan
Sources Iraqi political movements regional and local recently paid by the leader of the Iraqi National Congress Party, Ahmed Chalabi, to drum up support for the formation of a new political organization, will be announced shortly, and will include political personalities anti secularism. Sources said "Al-Watan" that Chalabi's recent visit to the Syrian capital, Damascus, came in the context of getting the support of regional political organization. "

The sources said that : "cadres of the Congress party had recently begun to move in academia Iraqi annexation of professors and students to Chalabi's party, which will be secular trend enjoys the American administration, after abandoned him."

The sources pointed out that Chalabi, who failed to get a seat in the House of Representatives after the parliamentary elections fought, "Fatih cadres in the party and the forces of Iraqi participation in the government to join the organization."

On the other hand, the spokesman for the Iraqi Accord Front desire to join any political alliance away from the sectarian tendencies.

The spokesman said : "Al-Watan" : in light of the deteriorating conditions experienced by Iraq, and in view of the quotas set apart from the negative aspects of the reality of political and administrative, there were contacts and meetings with the forces and Iraqi parties for the formation of a new political coalition, rearrange conditions in accordance with the adoption of the principle of citizenship and efficiency in the management of state institutions, and we turn in front consensus, we welcome any alliance away from the orientation sectarianism. "

It should be noted that the Islamic Party one of the entities Accord Front participated in the meetings aimed at the formation of political alliance, including the two Kurdish parties, the Supreme Council for Islamic Revolution in Iraq led by al-Aziz al-Hakim.

Prime Minister meets delegation of the government of the Kurdistan

To examine the distribution of wealth and oil ... Baghdad / justice met with the Prime Minister, Mr. Nouri Kamel al-Maliki in his office in Baghdad yesterday morning, the official delegation of the government of Kurdistan, led by Prime territorial government Najirfan Mr. Barzani The Prime Minister discussed with the delegation draft law oil and the means to approval and entry into force for the benefit of all the Iraqi people, and the oil project revolves around converting the proceeds of oil to the federal treasury, which is distributed to the regions according to population ratios and Mahromih these governorates.


Translated version of http://www.aladala.net/home/index.php

Originally Posted by neno

After seeing the Costituiton that Inscrutable throwed up here. I would say Article 110 is the hold-up. This must be where the problem lies.

It clearly states that admendments may be needed and then it clearly states that "revenues will be distributed fairly in a manner compatible with the demographical distribution all over the country".

So I will say that is the Problem. A dog fight still of power to argue who says who gets what and how much. This must be where they need the Constitution to be more Clearly for the BIG BOYS to Bring their BIG MONEY.

You dont know how close to correct you are. Dont have positive confirmation, but believe this is as close to factual as one can get..... IMHO

Gloribee