(Post by Debbie, The IQD Team)
The IQD Team Conference Call
November 1, 2011
Transcript & Articles
"Joey, Vic, Diana, Tim, Debbie & Yukon"
As Always.... The Latest Iraq/Dinar Discussion and Analysis
Post & Pre RV
CC Replay Nov. 1, 2011
Replay # 760-569-7699 Pin 219055#
This is abbreviated information and the articles from the Call Last Night...Listen to the entire call above to hear all the News shared last night.......All about Iraq, The Dinar & The RV ...
Tonights Theme: Don't Worry...BE HAPPY
Deb: Joey our theme for tonight is "DON'T WORRY...BE HAPPY".... What do you think of that?
Joey: That fits with the news tonight as well....Thanks 3 of our listeners, Tory, Ryan & Juneau for this GREAT article...
Read More Link on Right
Iraq Defence & Security Summit 2011
InterContinental Hotel, Aphrodite Hills Resort, Cyprus - December 7/8 2011
About the Summit
A rare opportunity to engage with the new Iraqi Government and assist in their multi-billion dollar defence and security procurement program.
The Government of Iraq and the Iraq Program for Peace & Stability are pleased to announce the inaugural Iraq Defence and Security Summit 2011. The country of Iraq has suffered from years of under investment in these sector and have over the last eight years, received support from the US and coalition governments.
The focus of this summit is National Security and Defence Procurement and with new multi-billion dollar budgets in hand, the Iraqi Government are intending to procure best in class products and solutions from the world’s leading suppliers. This is the first opportunity that global market leaders and suppliers from the defence and security sector will get to engage with the new Defence and Interior Ministries and their procurement teams since the election of the new coalition government.
This is a unique opportunity for your company to engage with the government officials on a one-one basis at the self contained luxury Aphrodite Hills resort on the beautiful Mediterranean island of Cyprus. Many companies realise the value of this opportunity to meet with the senior Government officials and decision makers in a safe environment to pursue business development from the huge opportunities in Iraq.
This landmark summit will bring together the key national decision makers led by the Iraqi Ministries and officials responsible for the country's defence, security, communications and technology infrastructure
Office of The Prime Minister
Iraq Security Council
Ministry of Defence
Ministry of Interior
Ministry of State for National Security Affairs
Ministry of Communications
Ministry of Science & Technology
Council of Representatives Defense and Security Committee
KRG Ministry of Interior
KRG Ministry of Peshmerga Affairs
Joey: They have their million dollar budget in hand.....going to buy the best of the best.....and the 1st inaugural Iraq Defence and Security Summit...the first opportunity that global market leaders and suppliers from the defence and security sector will get to engage with the new Defence and Interior Ministries ...being held on Dec. 7 & 8th..... Remember what happens on Dec. 6th guys the troops come home..
Joey: Thanks so much for this article guys this is a heartstopper for sure.........
Political process is solid, MPs say
Many MPs of various political Blocs agreed on that the political process in the country is solid, and they ruled out any political collapse facing it. Jumaa MP 'Ebrahim, Iraqia bloc, said that current political situation reports progress in the right direction with collaboration of all political parties, as he ruled out his bloc's withdrawal from the political process.
Another Iraqia bloc's MP Mohamed Alkhaledi said that Iraq sees different attitudes, and that's a normal feature of any democratic country, particularly Iraq has so many parties and Blocs in addition to its nascent experience at this field.
KRG Premier will head to the United States of America
A well- informed source , in a press statement said that the Prime Minister of Kurdistan Regional Government, Dr. Barham AhmedSalih, will head to the United States of America, on an official visit at an invitation extended to him by an American Conference about the changes that have occurred in the Arab world this year.
Dr. Salih , in a press statement said that , during the visit, he will meet with the U.S. Administration officials to discuss with them situations in Iraq and Kurdistan Region , including the issue of U.S. withdrawal from Iraq at the end of this year 2011, and its effects on the security situation in Iraq in general, and the disputed areas in particular.
Khalid Shwani: There is an agreement to pass the bill on the amendment to President Talabani, the administrative border of the provinces covered by Article 140
Khalid Shwani Chairman of the Legal Committee in the Iraqi parliament said in a statement singled out the site "Khandan"President Talabani made a special project to the House of Representatives on the amendment of the administrative border of Iraq's provinces covered by Article 140, including Kirkuk.
He Shwani in the context of his statement that the project is to normalize the situation and comes in the context of Article 140 to bring changes to the administrative border caused by the former regime during the years of his reign, in the framework of the implementation of its objectives and policies of Arabization.
and about the city of Kirkuk, said President of the Legal Committee in the Iraqi Council of Representatives that the province and district withheld will be returned to the administrative border of Kirkuk, such as Kalar and Kifri and Chamchamal and Tuz, which caused the provinces of Sulaimaniya and Salahuddin and Diyala.
stressing that the project from the jurisdiction of the committees of the legal and regional parliamentary, and must work within the context of Article 140 of the Iraqi constitution to be ratified in parliament, and there is an agreement with the National Alliance to pass.
Joey: I like that.....shake your head Yes....sign right here....
Logistical: the rule of law will implement all the terms of Erbil Agreement with exception of NCSP Board
Baghdad (news) .. According to a member of coalition rule of law and MP / National Alliance / Saad Muttalibi that the rule of law committed to the implementation of the Convention Arbil, except for the National Council of the Supreme policies is obtained by difference.
The logistical in a statement (the Agency news) on Tuesday: the agreements that have been agreed upon we began implementation and ongoing implementation, except for the National Council of the Supreme policies due for the differences it, the Middle East region: that Allawi did not agree with the presidency of the Council as new.
The Logistical: Prime Minister Nuri al-Maliki is expected from the Iraqi List, the Group provides the names of candidates Department of Defense be able to manage the ministry.
This gathering pace warnings of the repercussions of the continued vacancy of the security ministries in light of reports about talks stalled political and lack of consensus on these positions, and with hints U.S. that the Iraqis have not been able to make important decisions and private security.
Joey: Thought about that sentence "As new" all day long......as of right now.....very interesting way to phrase that sentence
We know Mr. Allawi is not really out.....you know why I think they didnt pass this yet....they told us the other night they are in a hurry to get that oil & gas law passed because time is running out and they dont have time to pass a new one...not in
dont have time to pass a new one...
For Mr. Allawi to actually get this position it requires a constitution amendment for that to actually happen...might take a little while.......maybe that is what this rheurotic is all about....hmmm
They want this over with.....they need this over with.....If they want to attract investors they need prove how safe, stable & secure
they really are...
Baghdad and Erbil agree to resolve their negotiations on a draft law of oil and gas before the end of the year
Baghdad, October 31 / October (Rn) - The Iraqi government, Federal, Monday it had agreed with the delegation of the Kurdistan Regional Government to adopt the draft law of oil and gas provided by the government last February.
The chief advisers Ghadhban Fadel told the Kurdish news agency (Rn) that "the Iraqi government had agreed with the delegation of the Government of Arbil, the adoption of the draft law of oil and gas, government held last February and negotiation before the end of this year."
Yesterday ended the first three joint commissions formed between Baghdad and Erbil to resolve outstanding issues and raised the three reports to Prime Minister Nuri al-Maliki to consider it and make them his position.
The delegation arrived in Baghdad to a Kurdish negotiator on 24 this month, and meetings with Prime Minister Nuri al-Maliki and Parliament Speaker Osama Najafi, and the delegation stressed the positive discussions held.
The three committees took it upon themselves to find solutions to file the disputed areas between Baghdad and the Kurdistan region, and the budget of the Kurdistan region guard "Peshmerga," and the law of oil and gas.
He added that "discussions with the delegation, the Government of Erbil focused on addressing the differences on the draft law of oil and gas end of the year and submitted to the House of Representatives to make the appropriate adjustments on it."
Plans to increase Iraq's oil exports during the next six years to 12 million barrels per day after obtaining the approval of the world's oil (OPEC)
For complete article click link below:
Joey: What have we read about this law over and over again...same dialogue....same law....words are the same...is the same...
just amendments to it....was same as Last February
Don't you find it interesting...here they are saying they had not really passed the law....
needed amendments to it
sent it off to the House to go ahead and make amendments to it
but havent agreed on it yet........PLEASE....
Joey: They keep ramping up more and more oil and what does that do to their budget and economy?
Why is the HCL so important?
They need to mvoe forward...their economy is 90% oil....HCL is pretty darn important....
FAVORITE OF THE DAY
Hassan Jihad: all demands from Kurdistan to be implemented over the next few
Baghdad (newsletter). He lead the Kurdistan Alliance and coalition MP/Kurdistan/Hassan Jihad blocks, that all his demands in the coming period will be implemented, including the drafting of a law for the oil and gas through the political consensus.
Jihad said in a statement (for the news agency of news) Sunday:everyone is optimistic about reaching the results through commissions formed between Governments and the federal region of Kurdistan, claimed the Kurdistan Alliance agreed items, to be implemented during the coming period, stating: the formulation of a draft law of oil and gas will be via political consensus and take notes of Kurdistan, as well as to the question of the territorial guard pesh will be resolved in future meetings.
Prime Minister Nuri al-Maliki and President of the Government of the Kurdistan region, underscored the commitment to the Constitution to resolve outstanding problems, during the meeting between the parties, which included research in the political situation in Iraq and Kurdistan and resolve outstanding issues between Kurdistan and Baghdad.
The Government said in a statement received by region (News): the two sides discussed steps to address outstanding issues between the two sides, and the role of the Al-Kurd and their participation in the political process, as well as talk about the need to preserve the democratic and constitutional system in Iraq.
Communique: Maliki stressed the importance of stable and democratic political system in Iraq./finished/7 l. m/
Joey: Sounds like they agreed on something doesnt it.....sound like they are signing something...I want those boys to sharpen their pencils and get this done...
Vic this one is for you......
Attorney Jubouri: Distribution of oil revenues would put particular strain on the shoulders of the citizens budget
Baghdad (news) ..
The House of Representatives when it voted on the budget for 2011 of $ 81.9 billion dollar deficit of $ 13.3 billion is covered by the amounts retained from the previous year's budget, borrowing internally and externally, while the operating expenses $ 56.4 billion, while the capital expenditures $ 25.4 billion based on the rate of 76.5 dollars per barrel of oil at a rate of 2.0002 million barrels a day, including 100 thousand barrels of Kurdistan. / ended / 8. j. n /
For complete article click link below:
Joey & Vic discuss the article above.........are they lying......are they trying to rip the Iraqis off...figures dont jive....never been able to get the true numbers..listen to the recording for discussion
Joey: Listen to this next article and you tell me how important this is and how much money they are actually sticking in their pocket
per barrel of oil....I read today and went what the heck???
Oil oil starting to come on strong
After years of stagnant production, Iraq oil output is starting to increase.
NEW YORK (CNNMoney) -- As the last remaining U.S. troops leave Iraq, oil production from the war-torn but oil rich nation is finally starting to ramp up.
Oil production in Iraq hovered around 2 million barrels a day for much of the post-U.S. invasion period.
But over the last year production jumped 13%, going from 2.3 to 2.6 million barrels a day, according to the U.S. Energy Information Administration. Much of that increase has come in the last few months alone, and it's part of the reason why many analyst expect Saudi Arabia to soon cut oil output.
In fact, some analysts say that over the next few years Iraqi oil production could really balloon. The Iraqis may eventually produce as much oil as the Saudis.
But an increase in Iraqi oil production raises several issues, including what impact it may have on world oil prices and how all that oil money will get divided up.
A massive amount of oil: It's no secret that Iraq has a huge amount of oil in the ground. EIA estimates the country has the world's fourth-largest proven oil reserves, and even more may lie under the unexplored western desert.
Saudi oil production cut looms
A couple of years ago, the newly formed Iraqi government began awarding big contracts to the world's major oil companies in an effort to boost its nascent production.
The companies they selected came from all over the world -- including from all five permanent members of the United Nation's Security Council.
France's Total (TOT), England's BP (BP), China's CNPC, Russia's Lukoil and U.S.-based Exxon Mobil (XOM, Fortune 500) were all picked.
Other companies include Royal Dutch Shell (RDSA), Occidental (OXY, Fortune 500), Marathon (MRO, Fortune 500), Norway's Statoil, Angola's Sonangol, and the oil service firms Baker Hughes (BHI, Fortune 500), Halliburton (HAL, Fortune 500) and Schlumberger (SLB).
The Iraqis were savvy in their negotiations. Normally, when firms develop oil fields the terms of the deal give companies ownership over a certain percentage of the yet-to-be-tapped oil.
But with the Iraqi deal, most firms don't actually own any of the oil. They are instead paid a service fee on each barrel that they pump.
The return on their investment is still attractive -- the energy research firm EPRINC estimated it at 15%. But it means they can't claim as much of the oil as an asset on their balance sheets, which can hurt their stock price.
It also means that over 90% of the oil revenue the fields generate will stay in Iraq.
"The service fee is tiny compared to the revenue from this oil," said , Amy Myers Jaffe, a fellow in energy studies at the James A. Baker III
For complete article click link below:
Joey & Vic: Long Discussion about the oil and the statements made in this article
Joey: Everybody seems to be rushing over to Iraq for investment...want to share some articles about govt...the laws and
what needs to be done over their to make it environmentally friendly for investment
Prime Minister Maliki's call to change the economic laws1.11.2011 | (Voice of Iraq) - Add comments - Alsumaria News / Baghdad, Prime Minister Nuri al-Maliki, Tuesday, to change all economic legislation and laws to fit the Iraq went to a market economy, emphasizing the need for the existence of laws guaranteeing all companies that wish to invest in the country. Maliki said during the opening session of the 38 normal to the Baghdad International Fair, attended by "Alsumaria News", "Iraq Mthai at the economic and procedural all to embrace anyone who wants to invest in Iraq and make friends with all countries of the world," noting that "the opening of the exhibition in this issue many companies and countries demonstrates the interaction and the increased investment activity in the country. " Maliki said that "Iraq's economy was holistic, and we need to change all economic legislation and laws as they are not suited to the changes that occurred in Iraq and go to a market economy," stressing "the need for Iraq to the laws of guarantor for all companies that want to invest in it. " Al-Maliki opened the Baghdad International Fair, "an important message by bringing foreign investment and is an indicator of political stability in Iraq," stressing that "Iraq is still amend the law stands in the way of foreign companies as well as to provide all guarantees, and this is what we have already achieved through the Investment Law 2006 and amended in 2010. " The Ministry of Commerce, announced (28 September 2011), that more than 500 companies worldwide, will participate in the session 38 to the Baghdad International Fair, indicating that they tend to develop the exhibition through investment because of "lack of financial allocations." parliament passed, in October of 2006 investment law, which it was said at the time that he would open the doors to foreign investment because of introducing a lot of facilities to foreign investors, and equated the Iraqi investors and foreign, in each of privileges with the exception of own the property the project, and the text in paragraph 11 that it can be to the foreign investor to lease the land for 50 years, renewable only that he is not entitled to possession. It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province for investment licenses and can apply investment license to the Department of the window one developed by the National Investment Commission andauthorized to inform the investor's decision to the final in 45 days in order to eliminate administrative red tape in the granting of investment licenses. The Economic Committee in the House of Representatives, the committee in (4 August 2011), that the law investment need some adjustments in line with the nature guide the economy in Iraq, and in affirming that the bank guarantees one of the problems that hamper overall foreign investment in the country, and described the Iraqi banks being like the offices of banking. The Iraqi government has made in (April 25, 2010) , in collaboration with experts from the United Nations projects for economic reform includes the restructuring of the Iraqi economy in accordance with the requirements of the transition from the general economy centrally planned economy to a private market to ensure the expansion of the productive base of the Iraqi economy by adopting the mechanism of free market and the organization of your prices, foreign and domestic trade.
Maliki: Baghdad opening of the exhibition directory on the political and economic stability in Iraq
Baghdad (news) .. Prime Minister Nuri al-Maliki, that the opening of the Baghdad International Fair evidence of the political and economic stability in Iraq.
Maliki said in a speech at the exhibition was attended by correspondent Agency (news): This exhibition is evidence of the political and economic stability and increased interaction between the international companies, considering the opening of the big challenges for Iraq to rebuild institutions, ministries and infrastructure have, which was broken due to weak laws and regulations, and try, because to achieve guarantees for companies to attract investments for the years to come.
and opened in the capital Baghdad on Tuesday session (38) of the Baghdad International Fair with the participation of (443) which (109) Arab and foreign countries.
The reporter (news) that are there: that Prime Minister Nuri al-Maliki opened the exhibition in the presence of the Minister of Commerce Khairallah Hassan Babiker, and the province of Baghdad, Salah Abdul Razzaq, President of the National Investment Sami and a number of House members, ambassadors and foreign delegations.
She : The Minister of Commerce said that the exhibition will feature in its current from the rest of the sessions, to the large companies' participation and attendance effective for companies of Arab and foreign countries.
According to us: that the States participating in the exhibition are (Turkey, Syria and Jordan, the Netherlands, Sweden, Serbia, Italy, Japan and Belarus Serbia, Korea, Sweden, Spain and America and India). / End / 12. j. n /.
Joey: Turkey, Syria, Jordan, Netherlands, Sweden, Serbia, Italy, Japan etc etc....Can you smell money......
Vice: You must prepare a five-year strategic plan, or a decimal to restructure the Iraqi economy
Baghdad (news) .. a student member of the parliamentary Economic Committee and the representative / National Alliance / Abdul Hussein Resan prepare a five-year strategic plan, or a decimal to restructure the Iraqi economy, its laws and institutions.
The Resan in a statement to the Agency (news) on Monday: the federal government to prepare a plan strategic five-year or decimal, whether medium or long term based on the scientific study of a future restructure the Iraqi economy, its laws, institutions and cadres working as a result of the suffering now the economy from chaos and lack of stability.
He stressed Resan on: the need to take the role of the Ministry of Commerce is a good and serious for the benefit of the Iraqi economy that has a major responsibility in the development of economy and development.
He believed Resan: need to be some industries strategy large in the country as a parameter the auto industry or industries, durable like the developed countries in the world to develop the Iraqi economy and its diversity, criticizing the work of the Ministry of Industry that has (70) manufacturing facility has not been activated yet.
The Hasnawi in an earlier statement (of the Agency news) will be the work of this committee to monitor how the disbursement of funds to be allocated to the provinces and ministries and in the event of failure of any point of its work the Committee will submit a report about the purpose of determining the type of punishment they deserve, saying if he fails, a minister in the budget we are heading towards withdrawal of confidence about him or dismissed him
For complete article click link below
Joey: So as they set up new laws and invite investment ministers in each of their districts will be watching very closely to make sure that they do everything they can do to encourage investments in their particular region
The U.S. Embassy is staging the first ever USA Pavilion at the 38th Baghdad International Trade Fair, the largest trade fair in Iraq. The dates are Nov. 1 – 10, 2011. Over 1 million attendees are expected to attend the show.
The theme of the USA Pavilion is “America Partnering with Iraq”. America has so many commercial, educational, and cultural linkages with the Iraqis, and we are committed to their bright future.
Ministry of Trade’s Iraq Trade Exhibition Fair, Baghdad Iraq
Over 1 million participants, including Iraqi government dignitaries, direct end users, wholesalers, distributors, agents, students, opinion leaders and media
* Iraqi leadership views US participation as an important measure of US commitment to the market
* Iraq will quadruple oil production by 2017 and has the world’s second largest proven oil reserves
* Strong demand and respect for US technology and services
* Multi-billion dollar projects in numerous sectors in the years ahead
WHAT WE DO FOR YOU
* Showcase your organization’s projects and good corporate citizenship in the USA Pavilion
* Project a powerful social media campaign at the USA Pavilion with visitors/buyers
* Collect trade leads from interested local Iraqi partners/buyers
* Assist you as you follow up with the local contacts
For complete article click link below:
Joey & Vic: Discussion about the above article...Iraq has the world’s second largest proven oil reserves
Iraq is heading towards a real partnership between the government and the private sector
The doors to join the local network is open to companies prestigious
Baghdad - Yasser incumbent moving Iraq toward the application of international standards in evaluating the performance of companies and the private sector to make the most of the results of these standards and get rid of the problematic front companies and non-efficient.
has reflected this trend following the signing of the Iraqi government recently the Global Compact of the United Nations and the local network in Iraq .. This agreement contains the exceptional importance in relation to the private sector as it regulates the responsibilities, standards and work ethic in the world.
and to shed light on the objectives of this Agreement and the mechanisms to join, met with economic morning with a representative of the Global Compact network of local Iraqi Abdul Hamid Baqir jewelry who signed the agreement with UN representative of the private sector in and signed by the Government Secretary General of the Council of Ministers on the Keywords.
jewelery made clear in his speech that this program led by the United Nations, but aims to establish a national network that provides the universal principles of the 10 identified by the UN Charter, the most prominent anti-corruption and labor market development and protection of human rights and improve the environment.
and said, comes Iraq's entry into this program to bring the number of entrants in all countries of the world's 136 countries and all involved in these principles which have been invited to Iraq and after the approval of the Iraqi government nominated staff to be the focal point and was signed first in Copenhagen in April of this year simply generate Team checks on working on Iraq's accession to the program.
He Asadi that the program began in 2000 and joined by 135 countriesand Iraq came to raise the number to 136 countries.
For complete article click link below:
Iraq's accession to the WTO: Impacts on Industry and Economics
capacity, which is reflected in the cost of production and profits and thus the possibility of continuation. The most prominent of the positive effects expected from the accession to the WTO is to push the national economy towards market economy and global competition, which lead to the production of goods at low prices and high standard for the benefit of consumers and producers alike. Consumers benefit from low prices due to the low level of customs duties or even cancel, and producers benefit from the expansion of production scale and lower production costs in case they have the competitive capabilities.
The agreement with the organization include text requires special treatment and preferential treatment for developing countries (Article 12) and qualify for many of the rights, benefits and opportunities to open markets for national exports and stimulate the national production. Also that the expected expansion in production would expand employment opportunities and reduce the volume of unemployment on the one hand and expanding export opportunities for foreign markets on the other hand, which reflected positively on the trade balance and balance of payments. Also, the adherence contributes to the protection of local products from harmful business practices, particularly cases of dumping by allowing the issuance of the necessary legislation to fight the cases. Finally, the opening up of global markets and competition are working to encourage foreign investment and facilitate the flow of modern technology to the country concerned, which promotes local technological capabilities and stimulate domestic investment. On the other hand, the join involves cons and meet the challenges of a large and serious to be dealt with and overcome them for the purpose of being able to take advantage of WTO membership and the most important of these drawbacks are:
For complete article click link below:
Expert's (the economic term): the stability of the local currency enhances the purchasing power of the dinar
Collect a number of economic experts, that the stability of the exchange rate of the local currency and an important means intended to rein in inflation-winning currency and measurement of volume changes in the economic reality as well as to strengthen the purchasing power of the dinar.
And Deputy Governor of the Central Bank for the benefit Mzarmohamd (range economic) that the stability of the Iraqi dinar is considered an important means of inflation targeting, contain and respond to it, indicating one of the achievements of monetary policy in Iraq. Saleh added: that monetary policy is based on the time Alhadharaly golden triangle of the highest strength available cash reserves in the history of Iraq is estimated at (59 billion) stressing stability for four years to come with the fall in inflation to one decimal place.
Saleh continued: the dinar exchange rate is about the external value of the outside world, pointing out that this stability is important as one of the tools to influence inflation expectations.
Saleh pointed to the existence of the term so-called structural forces within the economy is working to create a wave of constant boiling and pay ranges far Alasaraly serve as a monopoly power within the economy.
Salih stressed that monetary policy plays an important role in stopping inflation expectations resulting from the influence of the outside world on Iraq, noting that the stability of the exchange rate will help reduce the volatility of exchange rates or inflation, such as rising food importer in the world.
He noted the benefit that Iraq has at the present time sober reserves of foreign currencies, which represents the cover of the local currency, noting that inflation fell two places to places.
For his part, counting the economic expert Majid picture stability of the Iraqi dinar exchange rate against other currencies and an important means of measuring changes in the economy in general, saying it is one of the goals of monetary policy in Iraq.
He said Suri's (range economic): Despite the fluctuations that you get the stability of the currency and its stability and strength reflects the strong confidence to the stability of the Iraqi currency internally and externally what attracts foreign investors to Iraq, noting that the investors' accounts will be built on firm foundations Projects foreign investment do not see any weakness, but by global changes.
He added the picture: that the lack of fiscal policy and to make a clear monetary policy avoid domestic pressures caused by consumerism and the economy in chaos, pointing out that this mess caused a continuous increase in prices and inflation price.
To the economist said Subhi al-Badri's (economic term): that the stability of prices of the domestic currency strengthens the purchasingpower of the dinar, whether at home or abroad, stressing the need to guarantee the economic stability such as security mortgaged to political stability and to reduce the class differences between groups in society.
Badri added: that the Iraqi economy is heading at present to the capitalist system and the gesture indicates full awareness that the monetary policy in Iraq.
Badri added: that the slight increase in the price of world oil market has helped to stabilize the local currency.
In turn, said banking expert Farouk Ramadan's (range economic) that the stability of the stability of the local currency generally meant one way or another the stability of the Iraqi economy in all its forms, indicating that the central bank policy destined to maintain the exchange rate of dinar subtracting amounts to the public for the purposes of imports and foreign remittances as well as the performance requirements of the external services needed by citizens living abroad in particular.
He Ramadan: This generates a kind of stability, safety and reliability of foreign investors who wish to invest in Iraq.
He Ramadan: that the increase in world oil prices and the relative stability of the level of estimates of oil established in the general budget in Iraq have a significant role in the stability of the currency, noting that the Iraqi currency currency inflation.
And Ramadan is the obligation to find the equation of minutes between the gradual reduction of the purchase price of foreign currency, pointing to the need for the U.S. dollar is equivalent to a thousand Iraqi dinars so that we can delete three zeros from the currency.
To the expert considered that the financial stability of Zarzis sentenced the stability of the local currency assistant not to increase goods and commodities.
He said the financial expert for Zarzis (range economic) that the stability of the Iraqi dinar compared to other foreign currencies accruing to the benefit of the Iraqi citizen not to influence the prices of products and goods, indicating the possibility of control of monetary policy.
He Zarzis: This stability in the prices of the domestic currency would help to screen the existing inflation and the possibility of preventing the problems of inflation.
Shaways discusses cooperation aspects with World Bank delegation
Baghdad (NINA) – Deputy Prime Minister, Rowsch Nouri Shaways, discussed with a delegation from the World Bank cooperation aspects between the Bank and Iraq, according to a statement issued by Shaways’ office.
“Shaways received today a delegation from the World bank,comprising, WB Vice-President, Rashad Kildani, Middle East Regional Manager and WB’s Branch in Iraq Manager, Gilers Hida, Head of the Advisors Commission, Thamir Al Ghadban, and Dr. Sami Al Araji, Chairman of the National Investment Commission,” the statement went on saying.
The statement added that “during the meeting, mutual cooperation and means to provide technical support to private and public sectors were discussed.” /End/
Guys...let me tell you something.....stop and think about the last couple of articles I have read tonight..
You have Maliki working on all the laws over there..
An article came out about the WTO and the preferencial treament for Iraq they will receive as a member ....
You got Shabibi who needs to do something about his inflation and the only way to do that is thru the monetary policy....
Now the World Bank steps in to help and oh By the way remember on June 30th when they became a fully autonomous and sovreign country in Oman Jordan at a celebration announcing it there...
Oh and by the way while they were there the World Bank remember they announced they were closing down their headquarters and packing up and moving their offices to Baghdad........
WOW.....now all these boys are present in Iraq right now........
The Intl Fair started Nov 1....
WOW.......it doesnt get any better than this.........take a look at all of this guys........Its incredible...
Now let me read you something about the IMF...
Rusafa held a seminar on the International Monetary Fund
The Committee of intellectual work in the local Rusafa / 1 of the Iraqi Communist Party at noon last Friday seminar (International Monetary Fund and foreign debts).
Amid the follow-up striking of Many attendees, continued lecturer d. Naji al-Hamdani his accustomed enhanced firing of documents and figures of bright light on the policies pursued by the Fund in its dealings with foreign debts.
After two hours of talk, interventions and questions and answers session ended which was characterized by suspense and feasibility.
Joey: They are talking about the IMF..they were in a meeting also...shining bright lights on policies related to foreign debts
I bet they were....Remember when they were helping Iraq last week pay off some of their debt to Kuwait the other day....
Think they were saying boys its time to close chapter - pay it now....lets move on....final chapter
might want to pay off now...dollars versus dinars.....hmmmm...just a thought
Joey shares several articles about the Troops:
Deputy for Iraq: US withdrawal and territories become more important than the implementation of the Convention to Erbil
Iraq Arrests More in Wake of Tip About Coup
Source: The New York Times
After the News.....Joey and Vic share their opinions on just exactly where we are and what we are looking for...if anything.......
Discussion about Dinar Fever...
Counterfeiters - why they believe this held up the RV for over a year..
and why it has so much to do with the RV of the Iraqi Dinar...
10 De La Rue Machine Purchase....
why the troops anouncement was so important
and just how smart Shabibi is...
The Shabibi Train is Moving Faster....Don't Worry...Be Happy
Q & A Follows with so many more great questions asked and answered about Iraq, Dinar, RV and our investment....
Next Call Thursday Nov. 3, 2011 8 PM EST
760-569-7676 Pin 219055# or 709973#
As Always.... The Latest Iraq, Dinar & RV Discussion and Analysis
Post & Pre RV
For comment section, please scroll down. Thank you.
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