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

Have deployed : 2007 budget means theft of public money to the pockets of power
Sheikh Mohammed have deployed spiritual leader of the Virtue Party, today, Monday, to increase the budget for Iraq in 2007 as an increase in the suffering of Iraqis and the beneficiaries of these funds are autocrats and the decision because of the spread of financial and administrative corruption.
He added, have deployed in a statement issued today, and received the news agency (Voices of Iraq) independent copy of which, against the background of the government to allocate more than $ 40 billion earmarked for 2007, said : "The government described the budget set by the 2007 as explosive."
."He said that "this news is a human Sarah in many countries of the world because it means more construction projects, reconstruction and improvement of the standard of living of the citizens."
He added : "But in Iraq, such news bears more of the pain and bitterness and rejection of the revolution and that means more of stealing public funds, and filling the pockets of power sources who dominate the resolution and illicit enrichment at the expense of the disadvantaged people."
."He pointed out that have deployed "the Iraqi people defy the government to provide him a list regardless part of this amounts to find strategic projects on the ground and not imaginary projects and on paper."
."He said, "strange that the government would convene the end of 2006 and shows the Prime Minister at a press conference to express the acceptance and satisfaction with the performance of the government and is described as better than expected" and said "despite the devastation crawl in the State facilities and vital installations and infrastructure."
The Virtue Party 15 seats in the House of Representatives, which is one component of the United Iraqi Alliance bloc region in the parliament (130 seats out of the total 275 seats in Parliament)
The first deputy chairman of the Iraqi parliament, Khaled al-Attiyah said earlier that the presidency of the parliament over the budget in 2007, amounting to 41 billion dollars, an increase of $ 11 billion from the budget in 2006.
The absence of a quorum without holding any meeting of the House of Representatives over the past month because of the suspension of Al-Sadr trend (30 seats) for membership in the parliament and the government, as well as the tendency towards the 176 members of the council to Saudi Arabia to perform the Hajj.
Prior to Sheikh have deployed to the campus issued an advisory opinion which the members of the House of Representatives perform Hajj who had already perform this ritual before, they will dedicate themselves to their duties in Parliament in a serious stage in the country.

Originally Posted by $onedaysoon$

IQD/USD 0.0007926 1,261.60

دار الØ*ياة - Dar Al Hayat

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Monday, January 1, 2007

1 US Dollar = 1382.80 Iraqi Dinar
1 Iraqi Dinar (IQD) = 0.0007232 US Dollar (USD)

Learn about the new Iraqi Dinar
Median price = 1261.50 / 1382.80 (bid/ask)
Minimum price = 1261.50 / 1382.80
Maximum price = 1261.50 / 1382.80

FXConverter - Currency Converter for 164 Currencies

I am confident that the IQD is not trading on the foreign exchange so what exactly does this mean? Is the CBI not the definitive source for the current value of the IQD? Thanks.

Originally Posted by bubbajr

Sorry if this has been posted before.


(01-01-2007) Iraqi Central Bank expecting budget deficit in 2007.

An official at the Iraqi Central Bank expected a deficit in the next-year budget due to pumping dollars into the local market, to preserve the stability of the iraqi dinar exchange rate.

Head of the Department of Statistics and Research at the "Central", Madhar Mohamed Salih, declared that the new budget will exchange allocations by the dollar, pointing out that the rise in the value of the iraqi dinar had a positive impact through limiting expenditures, to reduce inflationary pressures in the Iraqi economy and reduce costs on prices.

He pointed out that 95% of the budget incomes depends on oil revenues, as a basic resource for the country, pointing out that the coming conditions will be encouraging for lifting the value of the iraq dinar against the dollar, but could not determine the rate of exchange only after starting the work by the general budget.

The iraqi dinar continued to rise against the dollar during the auction of the "Central", at a sale price of 1352 iraq dinar last Sunday, compared to 1360 iraqi dinar last Thursday. The expert at the "Central", Majid Assuri, expected a remarkable improvement in the rate of the iraqi dinar, due to the low dollar exchange rate, over the next couple of months. The last rise in the rate of the Iraqi dinar against the dollar exchange rate was in 1995, but then the exchange rate stabilized between 1400 and 1700 iraqi dinar to the dollar.

The "Central" attributed the high rate of the iraqi dinar against the dollar, to the stability in the sale of the dollar below its real exchange rate. Assuri explained that the inflation suffered by the economy now is a price inflation, and not a monetary inflation, pointing out that the aim of the "Central" is to limit the effects of the monetary inflation. As for the price inflation, it is due to the lower commodity presentations, and to the greedy who exploit the circumstances through which Iraq is going. He expected a significant improvement in the rate of the iraqi dinar, and the drop in prices according to this improvement.

This is what I like to read, now lets get ur done boyz!!!

http://siteresources.worldbank.org/I...RAQNov2006.pdf

The World Bank Data Sheet

ACCESSIONS
Iraq
A request for accession under Article XII was received by the Director-General of the WTO on 30 September 2004. A Working Party was established at the General Council meeting on 13 December 2004. Iraq submitted a Memorandum on the Foreign Trade Regime in September 2005. The Working Party has not yet met.



Are they even going to become members? No information about this again- going back 4 mos or so. Probably not in their best interests anyway! With all the political strings that would attach to them. don't think this is something that Al-Sadr would approve of either.

Have I missed it, or has it been a long time since they had a curfew? It seemed that, whenever there was a holiday, or a big raid, or event, they would have a curfew for a few days but I don't remember hearing anything about one recently. Could it be that things are improving so much that they no longer feel the need for them? (Touch wood.)

I have posted the XE on several occasions because I find it interesting when the CBI was moving the dinar down the XE was almost always lower in value (higher priced) than the CBI’s value for that day. Now we have seen over the last couple of days the XE is of a higher value than what the CBI is. This tells me the demand for the dinar is still strong and people are continuing to buy them. Also, the street is putting a lot of pressure on the value of the dinar.

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Iraqi gov''t distributes 22 billion Iraqi dinars to victims of Saddam''s

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Today 02 Jan 2007

POL-IRAQ-COMPENSATIONS
Iraqi gov't distributes 22 billion Iraqi dinars to victims of Saddam's

regime (with photos) BAGHDAD, Dec 27 (KUNA) -- The Iraqi government on Tuesday distributed 22 billion Iraqi dinars (approximately USD 16.6 million) in compensations to Iraqis who had their properties seized by Iraqi dictator Saddam Hussein's regime.

In a special ceremony held on this occasion, Iraqi Prime Minister Nuri Al-Maliki said that the dictatorship was gone and would never come back to Iraq, asserting that the government was planning to compensate all victims of Saddam's regime.

Iraqi government official Ahmad Al-Barrak said there are 33 resolutions to compensate citizens who lost their properties due to the practices of Saddam's regime, noting that those who received compensations attended a special ceremony held in Baghdad that was patronized by Al-Maliki and major government officials.

Al-Barrak added that citizens expect the government to be just and compensate victims of Saddam's regime, noting that the concerned government authorities are carefully looking into each complaint to verify all documents and give people back their rights.

He noted that the violations of Saddam's regime are major and complicated, and there are thousands of citizens who demand their rights from the government and the government should at least compensate them for their properties if these properties cannot be returned to them.

The compensation ceremony coincides with an Iraqi court announcement to uphold the death sentence against Saddam Hussein, his half brother Barzan Al-Tikriti, and their aide Awwad Al-Bandar.

http://www.kuna.net.kw/Home/Story.a...=en&DSNO=938075
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I wonder with this amount passed out if we will be waiting longer for an rv.

Originally Posted by mountaingirl

Iraqi gov''t distributes 22 billion Iraqi dinars to victims of Saddam''s

--------------------------------------------------------------------------------

Today 02 Jan 2007

POL-IRAQ-COMPENSATIONS
Iraqi gov't distributes 22 billion Iraqi dinars to victims of Saddam's

regime (with photos) BAGHDAD, Dec 27 (KUNA) -- The Iraqi government on Tuesday distributed 22 billion Iraqi dinars (approximately USD 16.6 million) in compensations to Iraqis who had their properties seized by Iraqi dictator Saddam Hussein's regime.

In a special ceremony held on this occasion, Iraqi Prime Minister Nuri Al-Maliki said that the dictatorship was gone and would never come back to Iraq, asserting that the government was planning to compensate all victims of Saddam's regime.

Iraqi government official Ahmad Al-Barrak said there are 33 resolutions to compensate citizens who lost their properties due to the practices of Saddam's regime, noting that those who received compensations attended a special ceremony held in Baghdad that was patronized by Al-Maliki and major government officials.

Al-Barrak added that citizens expect the government to be just and compensate victims of Saddam's regime, noting that the concerned government authorities are carefully looking into each complaint to verify all documents and give people back their rights.

He noted that the violations of Saddam's regime are major and complicated, and there are thousands of citizens who demand their rights from the government and the government should at least compensate them for their properties if these properties cannot be returned to them.

The compensation ceremony coincides with an Iraqi court announcement to uphold the death sentence against Saddam Hussein, his half brother Barzan Al-Tikriti, and their aide Awwad Al-Bandar.

http://www.kuna.net.kw/Home/Story.a...=en&DSNO=938075
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I wonder with this amount passed out if we will be waiting longer for an rv.

I am going to put in a claim!!!!

Originally Posted by rvalreadydang

NO date, is this old?

والرشيدTowards privatization of the Rafidain and Rashid Banks

.The foundations of the Rafidain Bank in 1941 under the Banking Act No. 33 of 1941 a capital of half a million Iraqi dinars first commercial bank specialized in the affairs of government and commercial credit continued to increase the nominal capital reached (30) million Iraqi dinars.

وكان.The objective of the establishment of the bank above is the practice of banking and commercial credit, as well as carrying out other credit services for individuals, which was carried out by the mortgage bank before it was revoked, as well as carrying out the financing of import and export credit for the subject goods, as well as the issue of guarantees for contractors from individuals, corporations and public sector institutions to facilitate the completion of their transactions.
:ـIn view of the fact that the bank only trade in the country has expanded its business in Baghdad and throughout the provinces, which necessitated the opening of branches in all governorates and opened with branches in several Arab countries sisterly and friendly countries and then born of mercy Rasheed Bank in yet but I think that the performance of the two banks above personnel from the Ministry of Finance is weak and the absence of strategic outlook in supporting economic activity in Iraq for the following reasons :
اولا: .First : that the performance of the Rafidain and Rashid Banks minor and lacks performance to facilitate government activity and the budget could not be compared with commercial banks in the world offer the best performance levels and the banking rule out the existence of satisfaction on the performance of the two banks before any of the above specialized in finance or accounting in the country.
ثانيا: .Second : in the work of the two banks routine, and the slowness and passivity and lack of a clear Stratijiat in supporting economic activity, particularly in the private sector, which we desperately need to develop in the light of transforming the Iraqi economy from a centralized economy to a market economy.
لذا .Therefore, the optimal solution is to be taken towards the privatization of these banks because they miss the directions to the business and they scenarios routine bureaucratic who withdrew on the activity of private banks, which had hoped to play a positive role in the development of economic activity and bee infection government banks because of the leakage of government banks and retirees of them in particular.
.And it must be privatization, according Stratijiat and clear objectives contribute to the achievement of a new cycle of capital foregone because many people are overwhelmed with doubt and fear of privatization, a term or an economic future intends to Iraq entry justifying this, including owner process imbalances and skepticism in the goals as a policy encouraged by the imperialist global and institutions of international economic such as the International Monetary Fund, World Bank and others note that the government of the former regime has exercised privatization in its own way, benefiting Azlamha and leaders but claimed rejection and acceptance, described as a kind of imperialist American.
.Privatization is essential in the return of capital foregone in productive enterprises in the country which was disrupted administrative and financial corruption and we consider that the institutions that produce and operating efficiency will be available in abundance and productivity and increase in the production, operation and profits for their employees and for the community. And attention must be very cautious in implementing privatization, which lead to the loss of the public sector and its institutions and the private sector to monopolize the production of goods and increase prices and the loss of human workers, demobilized.
صخصةFinally call on the new government to reflect and accuracy in the implementation of the privatization







http://64.233.179.104/translate_c?hl...asp%3FID%3D955

i believe i read about this before so i think youre right. seems like it was a few months ago too. and btw, thanks for pickin up my slack, youre doin one heck of a job girlfriend!!!