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

try some other country's news. you may want to brush up on your origami skills.

Interesting,

"But we have special circumstances in Iraq that will not let us delay this visit."

Now that was an interesting quote. (g)

Good luck to all, Mike

Iraq has further advanced in the Stand By Agreement.

The U.S. Agency for International Development (USAID) project advisers were major participants in the Ministry of Finance's 2007 Budget Preparation Retreat held in May.

The new Minister of Finance, Jabr al-Zubaydi, opened the retreat and was joined at the closing ceremony by the U.S. and U.K. ambassadors.

At the event, the Minister announced the successful completion of a new 2007 budget structure (chart of accounts) compliant with the International Monetary Fund's Government Financial Statistics (GFS) classification system, a major condition of the Iraqi Government's Stand By Agreement with the IMF and World Bank.

Project advisers played a significant role in providing assistance to the Ministry of Finance in the creation of the new chart of accounts. Project advisers were also the primary presenters at the event, covering topics relating to the implementation and use of the IFMIS and the new chart of accounts in 2007.

http://www.portaliraq.com/news/Iraq+...__1112113.html

More details here:

http://www.usaid.gov/iraq/accomplishments/econgov.html

More info:http://www.usaid.gov/iraq/updates/ju...s34_071406.pdf

Par77,
this is a marvelous "little" family! welcome, and watch your spelling! Just kidding.

good morning all and best wishes for a wounderful PEG!

Reuters
Jul 23 2006 11:17

By Alastair Macdonald

BAGHDAD, July 23 (Reuters) - With concern on the Middle East focused on Lebanon, this week's visit to Washington by Iraq's prime minister may offer U.S. policymakers a timely reminder of how deeply troubled their project in Iraq has become.

Nuri al-Maliki said he will also demand President George W. Bush press Israel to cease fire against Hizbollah, the premier's fellow Shi'ite Islamists in Lebanon, highlighting, too, how closely the region's problems are interwoven.

"We are all part of this region and the deterioration may affect us," Maliki said on Saturday after denouncing Israeli action in Lebanon as "dangerous".

Maliki begins his first trip outside the Middle East since forming his unity government two months ago by visiting Prime Minister Tony Blair in London on Monday before meeting Bush at the White House on Tuesday and addressing Congress on Wednesday.

Maliki, who calls his outline national reconciliation plan a "last chance" for peace, says he will discuss better security for Baghdad, where a car bomb killed 36 more people on Sunday.

U.S. commanders say more American and Iraqi troops may be deployed in the capital, where a month-long clampdown has so far had little effect on communal bloodshed, despite their killing last month of al Qaeda in Iraq leader Abu Musab al-Zarqawi.

There was little sign of reconciliation at a first meeting on Saturday to flesh out Maliki's plan. Many Sunnis stayed away.

Facing elections in November that will determine control of Congress, the Bush administration will be keen to present Maliki's visit as a mark of progress in Iraq.

U.S. officials are already characterising his sharp criticism of Israel and anger over crimes by U.S. troops in Iraq as signs of a healthy democracy.

But with 100 people killed daily, by U.N. estimates, senior Iraqis warn the U.S. plan to replace Saddam Hussein's Sunni dictatorship with a multi-confessional, multi-ethnic democracy is all but dead and the oil-rich state heading for a break-up.

"CIVIL WAR"

"I'm fed up telling people that Iraq is in a bad way," a senior government official told Reuters privately on Saturday.

"Some senior officials say the media are exaggerating. But if this is not civil war ... then I don't know what is."

Another senior Iraqi government official who has long supported Washington's goals in the country told Reuters privately last week: "Iraq as a political project is finished."

With Shi'ite and Kurdish militias turning as violent in some areas as the 3-year-old Sunni Arab insurgency, he added that parties were looking at dividing power and resources and carving Baghdad's 7 million people into Sunni and Shi'ite zones.

U.S. envoy Zalmay Khalilzad, who said earlier this year that Bush had opened "Pandora's box" by invading Iraq, has also said Maliki has just months to get a grip on sectarian violence.

Some 140,000 mostly American foreign troops are keeping a lid on territorial advances by armed groups but there is growing electoral pressure to bring them home and questions over how far they can prevent the sort of anarchic violence in which millions of Iraqis are arming themselves against their neighbours.

The U.S. strategy is to build up Iraqi forces but U.S. generals note continuing problems with sectarian loyalties among the police. Doubts also persist about the cohesion of the army.

"Maliki's trip to Washington is all part of the U.S. domestic agenda to put a good face on things for November," one European diplomat said. "But things are looking really bad."

A senior Western official involved with the Iraqi government confided that he was finding it hard to be optimistic as the new government struggles to gain traction on the violence: "I'm a pessimist," he concluded, but added he was "refusing to panic". ((Editing by Mary Gabriel))

Keywords: IRAQ USA

That they are waiting for that 2007 budget before doing the reval...

Here's my thinking...Since Iraq wants to be in the international markets and revalue the Dinar, they have to comply with certain requirements of the international financial/banking community. I'm betting one of them is a valid and approved yearly budget. Unless they have a budget, they can't legitimately quantify what Iraq is worth (or projected to be worth for 2007). It's Iraq's worth that the Iraqi's have to quantify before they can legitimately have their revalue accepted by the international community.

Just my thoughts...Any discussion?

EW

Originally Posted by pipshurricane

Iraq has further advanced in the Stand By Agreement.

The U.S. Agency for International Development (USAID) project advisers were major participants in the Ministry of Finance's 2007 Budget Preparation Retreat held in May.

The new Minister of Finance, Jabr al-Zubaydi, opened the retreat and was joined at the closing ceremony by the U.S. and U.K. ambassadors.

At the event, the Minister announced the successful completion of a new 2007 budget structure (chart of accounts) compliant with the International Monetary Fund's Government Financial Statistics (GFS) classification system, a major condition of the Iraqi Government's Stand By Agreement with the IMF and World Bank.

Project advisers played a significant role in providing assistance to the Ministry of Finance in the creation of the new chart of accounts. Project advisers were also the primary presenters at the event, covering topics relating to the implementation and use of the IFMIS and the new chart of accounts in 2007.

http://www.portaliraq.com/news/Iraq+...__1112113.html

More details here:

http://www.usaid.gov/iraq/accomplishments/econgov.html

Does this mean that the budget is already approved by all involved or does it still have to be presented to CBI for final approval?

I don't no how much credibility this guy has but the Dr Kidori (don't no about the spelling) from free dinar says that if they decide to reval the dinar that it would take at least 6mo to get it pushed thru the channels. Anyone no about this?