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

Banks did not make offers to participate in the auction to sell the dollar.

Does this mean that the banks did not WANT to sell thier dollars for Dinar,
or did the CBI restrict them to just BUYING the dollar to extract more Dinar
from curculation by not having an auction to sell the Dollar ?

Iraq : Chinese, Japanese and Indian showing its willingness to rehabilitate Iraq's oil installations

Expressed willingness to increase exports of its Baghdad Tarek Al-Araji Companies were Chinese, Japanese and Indian readiness to cooperate with Iraq in the field of oil and rehabilitation of the oil installations that express the desire to increase the volume of Iraqi exports of crude oil to its markets, which are considered promising for Iraq with the Oil Ministry confirmed that the cooperation of the multinational forces did not j Be the level required for the protection of oil pipelines Designed by terrorists on an ongoing basis, especially that the ministry has approached these forces to provide helicopters to protect. He said Oil Minister, Dr. Hussein Shahrastani told (morning) : The Asian market is considered one of the promising markets for the sale of Iraqi producers and especially to the economic feasibility of the sale of oil in these markets large and positive. He added that companies and governments Chinese, Japanese and Indian shown willingness to rehabilitate Iraqi oil installations and expressed the wish to increase the volume of Iraqi oil exports to the prevailing market prices, and according to supply and demand. Shahrastani and pointed out that the ministry had approached the multinational forces to help protect oil pipelines, which are aimed at continuing to talk to her as well as for the provision of aircraft in this regard, the cooperation of these forces not at the level required alluding to the chamber of the problem for this purpose, made up of the Oil Ministry and the Interior and friendly p and multinational forces and the ministry is keen in every meeting to ask them to protect the lines and oil pipelines aimed at constantly and affect the flow of Iraqi oil abroad and to the delivery of oil derivatives between governorates. The minister disclosed that the existence of internal and external smuggling of fuel and its derivatives and that the ministry was able through coordination with other security devices to reduce these processes that contribute to the destruction of the economy saying that the ministry had also fought several cases of administrative corruption and referred to the integrity. Shahrastani denied circulating reports on the control of some parties to the export pipelines in the south, pointing out that this thing happened in a pipe of the oil products between provinces and worked in the ministry to provide him protection. And on the audit of contracts signed during the rule of the Principles in with a number of companies for the rehabilitation of oil facilities and the investment of some fields, Dr. Hussein Shahrastani said that the ministry reviewed all contracts previously signed to ensure the economic viability of these contracts, especially as the former regime was deliberately contracting with companies for the purposes of S. Jasih and not on the basis of national interest and the interest of the people and that the ministry had prepared a plan to the scrutiny of these contracts on the basis of people's interests and the economic feasibility them.

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From above. Now how can they do this???? hhhhmmmmmmm. We're gonna be facking rich!

Whatever those final needs are, Iraq will be expected to first use its own resources to finance the rebuilding effort, followed by drawing down any unused economic assistance, before looking to new international economic donations.

FONT=Arial]From above. Now how can they do this???? hhhhmmmmmmm. We're gonna be facking rich![/FONT]



WHEN????

$ 150 million for rehabilitating the Iron and Steel Company in Basra
14/11/2006

An official source in the Iron and Steel Company in Basra, said last Saturday that work in rehabilitating the factories of rolling and steel in the company will begin early next year after the Ministry of Finance has allocated $150 million for rehabilitation.

The source, who preferred to remain anonymous, said "the Ministry of Finance has allocated 150 million dollars last October for the rehabilitation of the affected sections and suspended from work entirely in the factories of rolling and steel in the company".

He explained that the "reconstruction and rehabilitation will be undertaken by the engineering and technical cadres of the company, depending on the reserve materials available in the local markets and some of the global ones".

He pointed out that "the company had stopped working since the first Gulf War, when it was subjected to aerial bombing that destroyed its important parts and then to looting and vandalism during the collapse of the former regime".

The Iron and Steel Company is one of the large companies in Iraq, consisting of two major factories for smelting and rolling and employs more than 6300 workers who are paid nominal salaries, by the State, currently range between 100 thousand dinars and 300 thousand dinars.

The company used to produce construction iron according to international standards by 500 tons per day.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2579

Guys, anyone know opportunist on IIF??, a smart cookie, some great posts. Be good to invite him over here.

Economic principles : FDI

Free trade and development Muhannad Hamid spring The Ministry of Trade While thinking of the developing countries in how to secure its economic future, it will be useful to recall the words of former Executive Director of the Bank of Krupp "City" and Walter. Riston "fading of the sovereign author of the book (that capital goes to where it is needed and stabilize the place, which improves treatment). There was extensive discussion of the place that needs capital and the meaning of good treatment. A few years ago the American Chamber of Commerce survey identified a so-called "Recommendations of international investment", which has become a guide to be followed by government bodies in order to attract capital needed by the process of economic development, on the one hand, On the other hand, the guide is adopted by many global ratings agencies, "agency Moody" by which classified countries in terms of investment environment negotiable or not, according to this classification, either that the State station to the stability of capital or the outflow of it. These principles, in a nutshell, that the companies and international investors falls Wen to : - 1-policy stable and predictable macroeconomic level : must be in the company of confidence in the economy, which invest the money to be administered in an efficient non fluctuates, any investor to be convinced that the law firm and not subject to change. Two-low political risk, so the investor able to rely on the coherence of the host government and its ability to maintain law and order, This is essential to any long-term investment. Three-large market capable of growth, since the size of the domestic market, and its potential for growth with a positive purchasing power to consumers in this market is a major incentive for investment, Companies do not want to invest in the market of low profitability. 4-free access to markets : the important factor here the competition to the degree of government intervention (whether by the government or investor host government) in the freedom of entry to and exit from the market, State, The more free market whenever it more attractive to international investors. 5-a minimum of government rules, so we must keep the cost of government intervention and government rules in the affairs of the profitability of the private sector to a minimum. 6-rights and the protection of property : must protect private property, therefore it is necessary to avoid theft of property ownership companies whether tangible or intangible, such as patents, copyrights ... etc.. 7-a strong infrastructure, ie, the ability to complete transactions and the delivery of products and services to markets. These may include infrastructure for transport services, electricity, insurance and accounting services and financial system or any of the fundamental factors that can not invest yield financially without it. 8-availability of high quality production elements : When it comes investor and the capital, technology and management, expected to add to the domestic market of skilled labor and raw materials in order to complete the system of success and profits. 9-strong local currency : they must preserve the value of the local currency. If placed in an investment dollar and then devalue the local assets, "resident in the local currency," which has lost part Sometimes all Astthmark original dollar. 10-free transfer of profits and interest income and equities, since the most important principle to the investor is to make a profit and get out. 11-favorable tax environment : taxes must be encouraging for the expansion of business. In spite of the importance of tax incentives offered to attract new investments. However, the company's decision to invest or not usually built on how the tax system to normal operation after the establishment of the project. 12-free operation of markets, so the company should be able to use the products they produce in a market to serve their production in other markets in order to maximize the overall efficiency and achieve better operation of production lines in the global markets, any sense of the integration of their production. The above is not easy or simple to implement, so, the expected results do not come quickly. and the governments are free to promote these features or principles. However, we should note is very important that the protection systems and other forms of economic isolation does not lead to independence as long as generate economic isolation in a global environment and head toward more openness and economic liberalism and thus economic integration, isolation does not serve the interests of economic development, could have previous experience had succeeded in achieving economic development independently, But this happened - as specialists-in a historic radically different from the conditions and realities of the current stage. on the one hand, On the other hand, these experiences have stopped at a certain failed with the continuation of the policy of isolation and obscurity had to face reality and return to integrate into the global economy. The road to success will not be easy or smooth, but we have to be road full of difficulties and obstacles in order to be prosperous and continuing success. So, it is necessary to deal on the basis of the policy of fait accompli and equal treatment with other economies that have become economic structures similar to a large extent not contain any substantive differences except for the differences imposed by the privacy enjoyed by each State or economic bloc itself, This similarity is one of the advantages of the current global economic system, which was designed to complete the process of integration and economic integration between the economies and the international transfer of the image of the global economy Standard

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Japan intends to offer a loan to Iraq
14/11/2006

The Japanese Ministry of Foreign Affairs announced that its country intends to offer a loan to Iraq worths 20199 million Japanese yen for the development of engineering services in Basrah Refinery project and rehabilitating the fertilizer plant in Khor Al-Zubair.

The Foreign Ministry issued a statement yesterday that the Japanese Foreign Minister stressed that despite the withdrawal of his country's troops from Iraq, Japan will continue to support efforts to rebuild Iraq. In the same context, the Japanese Minister of Economy, Trade and Industry, Mr. Akira Amari, said after his meeting with the Minister of Oil, Dr. Hussein Shahrastani, that "Iraq is an indispensable partner for Japan being one of the sources of energy". The two ministers confirmed in a joint statement that deepening bilateral cooperation in these projects would help to strengthen relations between the two countries and to provide for the needs of Japan's energy.

Also, Toyota officials expressed their desire to cooperate with Iraq because of the importance of the Iraqi market; this came during a visit made by the Iraqi Ambassador in Tokyo, Dr. Ghanim Alwan Al Jumaili, to the headquarters of the company and to one of the largest company's factories in the cities of Nagoya and Toyota, according to a statement by the Ministry of Foreign Affairs.

The two sides discussed the cooperation between Iraq and Toyota where the ambassador urged the company's officials to seriously consider returning to the Iraqi market because of the size and potential it represents. He also proposed the idea of establishing a factory for Toyota products in Iraq to serve the general area of the Middle East.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2578

Translations : despite billions spent a faltering reconstruction in Iraq

Baghdad-interpretation Murtada Salah * * The Washington Post She said the Washington Post newspaper that the United States spent 38 billion dollars in Iraq to provide nearly five million Iraqi citizens with safe drinking water, in addition to the delivery of water and grain to farms and improve the quality of wheat delivered to the citizens to reach a purity of flour to the citizen is high matching many states, in addition to electrical projects and the reconstruction of many five thousand schools and vaccinate nearly five million children. The newspaper said in its edition of yesterday, Sunday, that the extended list of achievements include many items, but go with the list of mistakes and the many obstacles selfishness does not allow more optimistic with the heightened violence targeting often American humanitarian projects in Iraq. The newspaper pointed out many projects and the disruption left by the citizens because of exposure to terrorist attacks in order to deprive the people under the rubric of fighting the American occupation forces. But the newspaper did not stop mentioning these obstacles as touch uncompleted projects to the construction of health centers, despite spending much money, while he was left without a network without water or electricity network with other projects suffer from lack of connection to the main track in the street. Thus, these projects floating amid lakes of muddy water and human waste, despite large amounts of money spent on it. The paper says that the Iraqi budget and maintenance expenses will qualify for compensation for new developments in these projects. The paper recalled the neglect and abuse in the wake of the yards and fields for many expenses that will require additional maintenance and reconstruction even though the long period of its existence. It describes a situation in the town of Mosul in northern Iraq as a backward and returning to everyday life back to where people used trees, gardens and forests for cooking because of the scarcity of fuel and cooking, drink water, untreated, They do not benefit from the more than two hours of electricity per day, With refers to the non-tiling any of the public streets three years ago because of the security situation in the city inhabited by around three million people. The teacher from the Salah Al Din governorate to the leakage of funds into the pockets of administrative corruption, which did not change from the way conservation little. He says the Inspector General to the American public reconstruction projects in Iraq that the United States allocated 38 billion dollars in the country for the purpose of reconstruction is the largest amount of any State, He added that most of the amount had been spent. He said the Inspector that 88% of the twelve thousand project has been completed and there are only four% are still in their infancy, He says that most of the projects of the railway lines had been completed, but the deterioration of security prevents operation of traction on those lines.

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Originally Posted by SimplyD

FONT=Arial]From above. Now how can they do this???? hhhhmmmmmmm. We're gonna be facking rich![/FONT]



WHEN????

Sooner than later...
Another step closer today than yesterday...

How's that?