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

Originally Posted by Adster

Appealing for aid, just r/v the frigging thing, you won't get anymore handouts from the US!


Iraqi finance minister pledges efforts to tackle inflation, appeals for aid

Iraq's finance minister on Monday vowed to take effective action against inflation, while appealing for technical and financial support to rebuild the country.

Very interesting adster i was to post the same news :)

Noozz.com | IRAQ

Complete article:

19 September 2006 (AP Worldstream)

Iraq's finance minister on Monday vowed to take effective action against inflation, while appealing for technical and financial support to rebuild the country.

Briefing fellow financial leaders attending the annual meeting of the World Bank and IMF, Iraqi Finance Minister Bayan Jabr said his government was determined to clean up corruption and curb inflation, which was recently reported at a rate of 70 percent.

Jabr and Iraqi central bank governor Sinan Al-Shabibi described to their counterparts from the United States and some two dozen other countries how they plan to finance the country's economic reconstruction.

Iraq wants to resolve remaining debt claims left over from the regime of Saddam Hussein in the next few months, Jabr said.

"We are determined to conclude the settlement of these debts in coming months," he said.

Since 2004, Iraq has already resolved debts from the former regime with the Paris Club of country creditors and some other nations, and has also settled commercial creditors' debts, Jabr said.

He said his government hopes by December to sign an international donors' agreement.

International donors have pressed Iraq for a hydrocarbons law that would outline ownership and foreign investment in Iraq's oil reserves and a reduction of government subsidies.

Iraq is set to present its strategy for building up its economy in a meeting Monday at U.N. headquarters. Attendees are to include supporters of the International Compact on Iraq, which was launched in July by the Iraqi government and the United Nations, with support from the U.S. and Britain.

Addressing the forum in Singapore, U.S. Treasury Secretary Henry Paulson urged other countries attending to back the Iraqi initiative.

"This vision seeks to build a secure, unified, federal and democratic nation, founded on the principles of freedom and equality and providing peace and equality for all its people," the Iraqi government said in a statement issued at the World Bank gathering.

Prices for all goods used to measure inflation _ food, fuel, transport, medicine and other essential goods _ have soared amid mismanagement, lawlessness and attacks against refineries and supply lines.

It's a case of 'look we've helped you enough by forgiving debt, sending in troops etc, time you stood on your own two feet and sorted out your own inflation, you have enough oil in the ground to easily cover a high r/v so go ahead and do it'.

I believe and have heard the pressure from Bush and the Kurds is increasing daily. They're growing more and more impatient as are their own poor people. The Iraqi's have no way to go but to r/v and SOON.

Originally Posted by Adster

It's a case of 'look we've helped you enough by forgiving debt, sending in troops etc, time you stood on your own two feet and sorted out your own inflation, you have enough oil in the ground to easily cover a high r/v so go ahead and do it'.

I believe and have heard the pressure from Bush and the Kurds is increasing daily. They're growing more and more impatient as are their own poor people. The Iraqi's have no way to go but to r/v and SOON.

Do you think it is possible that an announcement may be made today at the U.N. just trying to guess where they would make an announcement. Any thoughts. Thanks.

10:55 AM By Jay Deshmukh

BAGHDAD (AFP) - Iraqi lawmakers are set this week to debate a controversial draft law to divide the war-torn country into autonomous regions, after UN chief Kofi Annan voiced fears of all-out civil war.

Violence continued unabated Tuesday, with two people killed and 11 wounded in a car bomb attack in Baghdad, a day after 62 people died in a series of attacks across the country.

A policeman was also killed in the restive city of Baquba northeast of Baghdad.

Shiite MP Jalaluddin al-Saghir told AFP that political leaders met on Monday and reached an agreement "to start the first reading of the Shiite draft law to form regions."

Parliament is likely to debate the draft on Tuesday or Wednesday.

The draft focuses on mechanisms of how to form the autonomous regions, although Saghir said there was an agreement "not to start forming the regions before the committee on constitutional review ends its work."

Sunni lawmakers have called for the constitution to be amended before Shiite plans for a southern autonomous region are implemented.

Iraq's newly empowered Shiite United Iraqi Alliance has been pushing to form autonomous regions in the country's largely Shiite south along the lines of the Kurdish autonomy in the north.

But the country's former elite Sunni Arabs have staunchly opposed the law, fearing it would divide the country and rob them of the vast oil reserves concentrated in the north and the south of Iraq.

The draft law is backed by the powerful Supreme Council of Islamic Revolution in Iraq although it has also seen strong opposition from within the UIA.

And last week Shiite leaders had backed down, saying they might not immediately implement the law even if it was adopted in principle in parliament.

"We all agree on the principle of federalism, but some of the factions of the UIA want to delay its implementation because the atmosphere is not right," UIA spokesman Sabah Saedi told AFP.

"The question is not of just adopting and implementing the law, but of making it a success."

The plans to divde the country come as UN secretary general Annan warned that immediate steps were essential to bring Iraq back from the "brink of a civil war."

Speaking at the UN General Assembly, Annan joined appeals by Iraqi leaders for a quick and massive international effort to strengthen the embattled government in Baghdad and "bring Iraq back from the brink".

"If current patterns of alienation and violence persist much longer, there is a grave danger that the Iraqi state will break down, possibly in the midst of full-scale civil war," Annan said.

Annan's warning came as a wave of violence over the past week that has left hundreds of people killed in Baghdad -- the epicentre of Shiite-Sunni sectarian violence.

Dozens of bodies of men, shot to death execution-style, are found dumped on the streets of Baghdad despite a massive security crackdown in the capital since mid-June.

Insurgent violence has also been unabated.

On Monday, two suicide bombings -- one in the northern city of Tall Afar and the other in the western restive city of Ramadi -- left 34 people dead. At least 38 more were killed across the country in a series of attacks.

Even as violence in the country surged, US head of military forces in the Middle East stressed that he had adequate troops in Iraq.

General George Abizaid said there were enough reserve forces.

"We don't see a need to commit them to the fight yet and until those forces are committed, we don't see a need to ask for more under the present circumstances," Abizaid said in an interview with US television network CNN.

The Pentagon said Monday there are currently 147,000 US troops in Iraq, up from a low of about 127,000 troops in June. Pentagon officials have attributed the increase to an overlap of troops rotating in and out of the country.

Iraq to debate division law as Annan warns of civil war - Yahoo! News UK

Originally Posted by CharmedPiper

Do you think it is possible that an announcement may be made today at the U.N. just trying to guess where they would make an announcement. Any thoughts. Thanks.

I don't see an announcement made outside of Iraq. With all the good things happening we're closer than ever BUT I do feel no r/v before Ramadan then we're looking at November which in all fairness is only 6 weeks away. More patience required unfortunately!

Fox announces President Bush to speak to general assembly at 11:30 a.m. (sorry no link yet, caught it on television).

D. Bata Khalifa Hilal

Cooperation
There is a set of challenges that stand in the way of the Iraqi economy is due to the accumulation of some of them in the errors and distortions, which in turn led to identify structural defects and develop sound economic system and clearly defined, which cost Iraq the possibility of a far-reaching approved quote can be walk in the light of the events of Allen Hod economic,


A limited Most treatments and economic policy mechanisms Fire progress without coming to the solution of existing information, but not resort to the deportation of problems from one phase to another later and so on, thus costing the country a possibility in the accumulation of what is good, but only accrue on what is bad, and therefore have been identified wrong practices especially in the economic field, and the confusion is prevailing, they are among a short period of transition to another philosophy at the expense of emotions and political speculation as we saw in the farce nationalization in 1964 and auctions socialist communism after 1970 to implicate the State in the maze of the boundaries of the Iraqi economy. And can highlight these problems and dilemmas that are inherent to the following :

It was a series of hostile acts, sabotage and acts of theft and looting and destruction that followed the last war, a prominent role in the damage to the Iraqi economy and prevented the recovery. The total of these reasons have created a heavy legacy of the Iraqi economy was as follows :

1. The isolation of Iraq and the Arabs regionally and internationally from the world.

2. Overloading Iraq for the huge foreign debts of the Iraqi economy can not bear the burden and the benefits derived from them, this restriction, which was specific to the potential growth and development of the Iraqi economy.

3. Spreading the incidence of poverty and low standards of living, so turned to the majority of the people below the poverty line.

4. The destruction of the infrastructure of the Iraqi economy and the low level of social and health services.

5. Deflation and the limited role of the private sector in the Iraqi economy.

6. The limited role of the Iraqi banking system to contribute to the efforts of the process of economic and social development.
Therefore imperative for Iraq to meet these challenges of mobilizing capabilities and efforts, particularly by the international community and international institutions to enable him to drive to the future and what comes :

Abuilding democratic institutions and promoting the role of civil society institutions in the management of various economic activities.

Bopenness to the global economy after years of boycott and political and economic isolation, stabilizing Iraq and the role of the various organizations active in the regional and international groupings.

C pursue economic policies effective and active towards achieving economic and political transformations in light of the transition from a centralized economy to a market economy and to give an important and active role of private activity in the overall economic activities and events.

2. Economic aspects :

As regards the economic aspects, which linked the political aspects of the above could identify the most influential economic guidance in the political side to the following :

1 significant deterioration of the infrastructure and the Iraqi economy still suffers from this degradation.

2 marginalization of the role of the private sector.
3considerable decline in economic growth rates.
4considerable decline in the standard of living of the population.
5 high rates of unemployment.
6 very high rates of inflation.
7 major expansion in expenditure This perception is not with the volume of revenues, which led to a large gap was clearly disabled in the budget.
8 financial corruption and economic and administrative widely extended to all aspects of economic life in Iraq.
9 centralized system to create a comprehensive marginalized groups and broad sectors of society.

To meet these challenges and break the impasse surrounding the Iraqi economy requires a policy of comprehensive development and extensive reform process extends to many areas of economic and non-economic based on the number of procedures and some of them can be identified as follows :

1 raise savings rates.
2 strengthen the weakening sectoral and especially the industrial sector with other sectors.
3 equity in the distribution of income for the poorest.
4 development of the banking sector.
5 broaden democratic participation of all segments of society.
6 promote human development in a bid to raise the capacity of individuals and expand them options for real participation in the activities Alaghtadeh different.
7 address the imbalances suffered by the Iraqi economy through long attention commodity sectors.
8attention to rural development (projects verbatim).

It can identify the most basic economic variables facing the stands in the march of the Iraqi economy and limiting its ability to Alenmoualttor especially as we know that the citizens faced and will face financial burdens, and new retirement was borne by the general budget of the state through the government to cancel the subsidy of some commodities, etc. Demands and the basic needs of the everyday life, particularly oil derivatives, and the lifting of subsidy on the ration card, electricity and water gradually. This, if anything, it shows the change in economic policy and ideology, which was adopted by the state for decades and are the most important challenges, which are :

1 : to curb the phenomenon of inflation
2 : high unemployment rates
3 : negative financial management
4 : rehabilitation and operation of government projects.
5 : the spread of financial and administrative corruption and economic.
6: increasing phenomenon of external indebtedness.
7 : strengthening and expanding the role of the private sector.

Iraq, Mideast Top Bush's U.N. Agenda
President Arrives In New York For U.N. General Assembly Meeting

NEW YORK, Sept. 19, 2006

(CBS/AP) Security is tight in New York, with some 90 world leaders on hand for the annual United Nations General assembly meeting.

President Bush arrived in town Monday, with Iran, Iraq and the spread of democracy topping his agenda. The administration wants sanctions against Iran for its failure to suspend nuclear enrichment, but Mr. Bush has ruled out any discussion with the Iranian president, who will also be at the U.N., CBS News correspondent Susan Roberts reports.

Mr. Bush's three-day trip includes bilateral meetings with six foreign leaders, including the presidents of Iraq and the Palestinian Authority, as well as a speech to the General Assembly that will focus on his vision for the Middle East.

"The president will be addressing a skeptical audience of world leaders because the U.S. walked away from the U.N. in the months leading up to the Iraq war," says CBS News foreign affairs analyst Pamela Falk. "But since that time, the administration has built coalitions on Iran and Lebanon, and his efforts will be aimed at keeping those complex alliances together."

The days of diplomacy come as the president prepares for a busy political schedule. Mr. Bush, who lately has been trying to turn the election-year debate away from the unpopular war in Iraq and toward a broader war on terrorism, plans to spend much of the next seven weeks campaigning for fellow Republicans.

But he isn't leaving politics behind while he's in New York: On Monday night he headlines a fundraiser for the Republican National Committee at the Manhattan home of billionaire financier Henry Kravis.

At the United Nations, Mr. Bush will try to highlight his goal of spreading democracy. To that end, he was to spend his first day meeting with leaders of Malaysia, a democracy with a moderate Islamic government; El Salvador and Honduras, two Central American nations that have moved from military dictatorships to democracies; and the emerging African democracy of Tanzania.

More closely watched will be meetings Tuesday and Wednesday, beginning with French President Jacques Chirac, the only other member of the coalition of nations working with the United States to stop Iran's nuclear ambitions.

Iran has accelerated its nuclear program and defied U.N. demands. The United States had hoped to have a resolution to apply sanctions on the government by this week's meeting. Administration officials say they don't expect Mr. Bush to deliver a breakthrough with other leaders absent, but they say sanctions should come soon.

Iranian President Mahmoud Ahmadinejad also plans to be at the United Nations. But last week Mr. Bush ruled out any discussions with him until Iran suspends nuclear enrichment. Mr. Bush's aides said lower-level officials also will not make any contacts with the Iranians.

On Tuesday afternoon, Mr. Bush is scheduled to meet with Iraqi President Jalal Talabani to discuss Iraq's progress toward democracy amid continuing violence. Nearly 200 people have been killed in attacks or tortured and dumped in rivers and on Baghdad streets since Wednesday, and politicians are arguing over a proposal to transform Iraq into a federate state.

Mr. Bush said last week that he was disappointed the number of U.S. troops in Iraq was climbing rather than falling. He said hopes for troop withdrawals were dashed by the spike in violence in Baghdad.

Polls show the war is unpopular among Americans, and Republicans worry it could cost them votes in November's elections. Mr. Bush has been trying to shift the focus to the broader war on terror in recent weeks, introducing legislation that has sparked debate on Capitol Hill about how to treat terrorism suspects.

"The president’s position on the Geneva Conventions will not help his cause at the U.N.," says Falk, "and on that issue and the interrogation of detainees, he will have to address both his own party within the U.S. as well as the world diplomats when he addresses the General Assembly and tries to make a case for an international approach to terrorism."

Before he heads back to Washington on Wednesday, Mr. Bush plans to meet with Palestinian President Mahmoud Abbas, who is struggling to get the militant Hamas to soften its anti-Israel ideology. The United States and other nations have halted aid to the Palestinian government until Hamas agrees to renounce violence, recognize Israel and accept past peace agreements. Hamas caved in to pressure last week and announced it would form a coalition government with Abbas' more moderate Fatah Party.

But coalition talks have stalled over U.S. demands that the unity government recognize Israel. Palestinian officials said Abbas will appeal to Mr. Bush to support a coalition that doesn't fully meet international demands for a changed stance on Israel. They said he would warn that failure to work out a unity government could lead to a Palestinian civil war.

Bush aides said he would discuss ways for the global community to help the Palestinians, Iraq and Lebanon.

Iraq, Mideast Top Bush's U.N. Agenda, President Arrives In New York For U.N. General Assembly Meeting - CBS News

Originally Posted by Adster

I don't see an announcement made outside of Iraq. With all the good things happening we're closer than ever BUT I do feel no r/v before Ramadan then we're looking at November which in all fairness is only 6 weeks away. More patience required unfortunately!

Why November and not sooner? You are one of the most positive of everyone on this forum and have been since I have been following the dinar here. I know you believe Nov is the time frame but why? We aren't even sure if the FIL has been passed or not (mavbe it has, maybe it hasn't. seems difficult to really know one way or the other). With their country on the brink of possible civil war or worse, why would they wait so long? It seems that the longer they wait, the worse it gets. The fear is it will get so bad that they couldn't r/v even if they wanted to because of all of the instability. If they wait too long, their govt. could fall and have to start all over again possibly with 3 countries instead of 1. I just don't get it. I think we may rapidly be approaching the "do or die" moment, don't you?

worf