Thread: Archive News - Iraqi Dinar Think Tank - 06/10/2010 - 24/01/2011

The mission of the new Iraqi dinar is to raise the price in the currency market

The deterioration that took place in Iraqi dinars since the early eighties of the last century as a result of economic policies random non-scientific, which followed the Iraqi political system before, Who pursued the policy of broad consumer spending Bcatrih military and civil cause of the deterioration of the Iraqi dinar to the bottom so that the purchasing power of the Iraqi dinar today fils Iraqi equivalent prices in 1988.

That monetary policy Iraqi conscious exercised by the Central Bank of Iraq's current political circumstances, economic, social, very difficult, and hanging over the fact of the bombings and the destruction of infrastructure, but the Iraqi Central Bank was able to achieve balance and stability of the Iraqi dinar, to maintain the cover of the Iraqi currency (reserve currency foreign and gold) in spite of government pressure, the use of this balance in public investment, but the Central Bank of Iraq has managed to fend off these pressures, and work according to the contexts of the global central banks

The issuance of the new Iraqi dinar should not be designed to delete the zeros, but must be placed a price equivalent to the U.S. dollar, the fact that the Middle East regions of the dollar, it must be new dinar equation:

New Iraqi Dinars IQD is equivalent to 1220 and added to the cost of issuing one new dinar.

And be here the issuance process meaningful is not the deletion of zeros, but the withdrawal of currency excess of the market and therefore absorb part of the inflated prices, and facilitate the process of trade, and improving financial control of the governmental apparatus, and to facilitate the feasibility studies for investment projects, and raise administrative efficiency. And reduce the phenomenon of administrative corruption.

http://translate.googleusercontent.c...AEOjj2BlSHckZQ

Iraq will top the oil production in the Middle East

The Iraqi Oil Ministry, Wednesday, that Iraq will top the oil production in the Middle East during the next five years, and up to export oil to 12 million barrels per day, while confirmed that the process of increasing oil production will take place after the activation of the performance of national oil companies.

Said Deputy Oil Minister Abdul Karim coffee in an interview with Kurdistan News Agency (Rn) that "the licensing rounds, the first, second and third re-D oil pipeline between Iraq and Syria, in addition to signing an agreement to extend the pipeline of Ceyhan for a period of 15 years to come, will make Iraq the first source in the export of oil to world countries during the next five years. "

And added to coffee that "Iraq has the full capability to be the first product of the oil in the region, having received assurances from the Member States of the Organization of Petroleum Exporting Countries with respect to increase its oil exports" .. Stressing at the same time that "the process of increasing oil production will take place after the activation of the performance of national oil companies in collaboration with foreign companies in licensing rounds, winning three."

Iraq had signed oil contracts with international companies earlier this year for the development of ten oil fields, in order to raise crude oil production to 12 million barrels per day within the next six years, but investment firms show for fear of worsening the security situation in the country, which may stand in the way to achieve the lifting of production to the level indicated by the deadline, as well as the problems still outstanding between the federal government in Baghdad and the Kurdistan Regional Government in Erbil on recent contracts signed with foreign companies to extract oil from fields in the region.

He continued, Undersecretary of the Iraqi oil minister that "Iraq will arrive within the next five years to export 12 million barrels a day, a figure appropriate to the size of extracting Iraqi oil officially declared a 143 billion barrels, provided not to change oil policy by the next government, and continue to support this policy ".

Iraq has the third oil reserves in the world is estimated at 115 billion barrels, and comes after Saudi Arabia and Iran.

The Ministry of Oil of Iraq in September last that crude oil inventories in the country was 505 billion barrels of discovered fields and by 66 per field oil, with total recoverable reserves for the extraction of around 143 billion barrels, saying that the new figures do not include the fields of the Kurdistan region.

http://www.aknews.com/ar/aknews/2/191309/

International companies keen to participate in oil and gas exhibition in Basra

The Director of the Media Gallery Basra International on Wednesday, said the oil and gas exhibition which will open in November 25 to 28, witnessed crowds large and the interest from the presence of international companies to participate in large-scale, noting that companies that the book places in the exhibition are from international companies and have good reputation in the field of oil and gas.

The Director of the Media Company Bermeyds Group, organizer of the exhibition, Anwar Al-Saad, told the Kurdish news agency (Rn) announced today that "the exhibition is expected bears the slogan," Iraq contributes effectively to secure future energy supplies to the world "and that he will shed light on the vision of current and future required for the oil industry in Iraq, and plans related to oil production and refining, gas processing and distribution of products, filling the need for domestic and export oil and gas and other petroleum products, and therefore will be to address the infrastructure required to deal in the production of large quantities of oil and gas, processing, transportation and export of these quantities through the local ports and regional".

The Saad out that "since the days joined more than 30 countries and more than 150 organizations and national and international to the participants in the exhibition, and they are engaged currently in the process build their custom in the exhibition," indicating that "the participating organizations represent a wide range of 250 company specialized production of oil and gas, and manufacturers of machinery, equipment and materials, and all providers of services required to achieve the assigned goals and plans of the Iraqi oil industry."

She explained by saying that "among the participating companies (Halliburton and Nalco Caruando Word) and a large number of other companies of America, Inc. (Ware) Italian and (Aoulib Group) British and (Alanirti) Lebanese and (Dalma), German, and (doubles U C) Iraq, which has branches in both Germany and Britain, Inc. (home group) of Nigeria, and has branches in France, and (Kasser PLR) U.S., and (Cibao and Havatk) the Turkish".

The Al-Saad said: "As regard to the conference to be held in conjunction with the exhibition, will be shared with representatives of all involved parties of companies, universities and institutes, and participants of individuals to develop the oil industry in Iraq's current and future, and the prospects for supply and demand for energy in the world for the period from 2010 - 2030 and the effectiveness of the role of industry Oil in Iraq to participate in securing the global energy balance. "

Reported saying that "a number of studies and research will be put in the areas of technical, legal, investment, finance, information technology and services, logistics and security."

They noted that "the conference will reveal the details of the largest project in the world, not only in the oil industry in Iraq, but also in all the vital services needed to improve the lifestyle of the people of Iraq in all fields of economic and social development to be implemented during the next decade for the period 2011-2020 and Beyond".

The company Bermeyds Group Turkey has set up exhibitions of international specialists in the province of Basra (550) kilometers south of the Iraqi capital Baghdad, with hundreds of companies from various countries, as well as specialized companies from the territory of Kurdistan, on the Fair ground Basra International, which was established at a cost exceeding $ 550 million.

http://www.aknews.com/ar/aknews/2/191320/

Minister: Iraq will boost oil and gas supplies to Japan

http://www.monstersandcritics.com/ne...plies-to-Japan

Baghdad - Iraq is aiming to become a major oil and gas supplier to Japan, Baghdad's oil minister said Wednesday after a meeting with Japanese officials.
Oil Minister Ali al-Shahrastani also said that Japan offered [COLOR=#008000! important][COLOR=#008000! important]economic[/COLOR][/COLOR] aid, in the form of loans and investments, to help build infrastructure.
The statement was released following a meeting in Baghdad with Mitsuo Sakaba, a Japanese envoy to Iraq for reconstruction issues.
Earlier this month, Iraq announced its crude oil reserves were 24 per cent higher than previously estimated. The country is believed to have over 10 per cent of global reserves.
Japan is a leading purchaser of oil from Iran, but a report in the Financial Times last month implied that Western countries' economic sanctions were raising concern that it will be more difficult to buy Iranian supplies.
Many banks have cut down on issuing letters of credit - instruments needed for trade - with Iranian [COLOR=#008000! important][COLOR=#008000! important]financial [COLOR=#008000! important]institutions[/COLOR][/COLOR][/COLOR], as Tehran faces pressures over its nuclear programme.
Japan's five-year operation in Iraq, billed as aid for the reconstruction of the country, came to a formal conclusion last year.

i think this is the wrong place to post this,but,is it just me or does anyone else has questions as to how this corrupt Iraqi Country,with no government since march the 7th,can sign these deals for oil and gas explorations with these big oil companies???...i mean....am I the only guy wondering about this????they still have oil and gas laws on their parliament since february of 2007...not voted on yet....HELLO!!!!!!!yet I am to believe that these oil and gas contracts are suppose to be LEGIT????someone...please HELP ME UNDERSTAND this......GO DINARS...Pat

Originally Posted by Seaview

The mission of the new Iraqi dinar is to raise the price in the currency market

The deterioration that took place in Iraqi dinars since the early eighties of the last century as a result of economic policies random non-scientific, which followed the Iraqi political system before, Who pursued the policy of broad consumer spending Bcatrih military and civil cause of the deterioration of the Iraqi dinar to the bottom so that the purchasing power of the Iraqi dinar today fils Iraqi equivalent prices in 1988.

That monetary policy Iraqi conscious exercised by the Central Bank of Iraq's current political circumstances, economic, social, very difficult, and hanging over the fact of the bombings and the destruction of infrastructure, but the Iraqi Central Bank was able to achieve balance and stability of the Iraqi dinar, to maintain the cover of the Iraqi currency (reserve currency foreign and gold) in spite of government pressure, the use of this balance in public investment, but the Central Bank of Iraq has managed to fend off these pressures, and work according to the contexts of the global central banks

The issuance of the new Iraqi dinar should not be designed to delete the zeros, but must be placed a price equivalent to the U.S. dollar, the fact that the Middle East regions of the dollar, it must be new dinar equation:

New Iraqi Dinars IQD is equivalent to 1220 and added to the cost of issuing one new dinar.

And be here the issuance process meaningful is not the deletion of zeros, but the withdrawal of currency excess of the market and therefore absorb part of the inflated prices, and facilitate the process of trade, and improving financial control of the governmental apparatus, and to facilitate the feasibility studies for investment projects, and raise administrative efficiency. And reduce the phenomenon of administrative corruption.

http://translate.googleusercontent.c...AEOjj2BlSHckZQ

Why don't they quit talking about it and just make the dinar more valuable! LOL

Internet way too expensive in Iraq; more fiber connectivity needed'
http://www.ibtimes.com/articles/7734...ernet-iraq.htm

n Iraq, most of the Internet connections are routed through satellites and users have to pay up to $150 for a 512kbps connection, so the nation requires more fiber connectivity to meet consumer needs, a Google team that visited the country early this month said.

A small team from Internet search company Google and video search service YouTube spent a week in Iraq on a trip to explore opportunities for Google in Iraq, to understand the landscape of Internet access and improve connectivity in the country.

Internet penetration in Iraq is among the lowest in the Middle East as only 15 percent of Iraqis said they browse the Internet and the largest percentage of these users live in Baghdad.

Wise investors should find out the countries that he will visit before the G-20 meeting..After all, the countries of interest and their respective currencies should be at the top of his currency revaluation agenda..Just an idea..
Treasury's Geithner To Make Asia, Middle East Stops Ahead Of G20
http://online.wsj.com/article/BT-CO-...29-718542.html

WASHINGTON (Dow Jones)--U.S. Treasury Secretary Timothy Geithner is slated to visit a handful of countries in Asia and the Middle East in the days leading up to next week's critical Group of 20 meetings in Korea, the Treasury said Friday.

Geithner is slated to attend the Asia-Pacific Economic Cooperation meeting of finance ministers in Japan, followed by a joint trip with President Barack Obama to India. He will also visit the United Arab Emirates and Singapore before traveling to Korea for the G-20 meeting.

The multi-stop trip comes as world economic leaders seek to assuage concerns of a so-called currency war. The U.S. and a number of established economies have raised concerns about emerging economies manipulating their exchange rates, and world leaders are expected to take on the issue at next month's G-20 meetings.

Britain seeks to attract Kuwaiti companies to Basra

British government seeks to attract Kuwaiti companies to work in Basra, according to British consul in the southern province.

“Britain seeks to attract Kuwaiti companies to work in Basra through agreement with the Kuwaiti ambassador in Baghdad,” an official statement quoted the consul as saying.

“There are a number of British companies work in Basra, mainly the famous British Petroleum (PB),” he added.

http://en.aswataliraq.info/?p=138526

Baghdad Fair asserts Iraq safe for investments – spokesman

Opening the Baghdad International Fair sends an important message to all investors asserts that Iraq is an important country and has promising investment opportunities for international companies, spokesman of the Iraqi government said on Monday.

“The fair sends a clear message for all investors that Iraq is the coming investment country and has investment opportunities for all countries and for the Iraqi private sector, which has the priority,” Ali al-Dabbagh told Aswat al-Iraq news agency.

“Iraq has succeeded in attracting several companies and we expect that next year will witness the participation of more companies to contribute in reconstructing Iraq,” he added.

http://en.aswataliraq.info/?p=138539