Iraq an economic Study

The last part of the sentence is the "squeeker" part, namely political stability "before everything."

Hmmm... I hear an echo!!!

Yeah, I don't much care for that part, either, but, we pretty much knew that was the case. The fact that the GOI is talking about raising the value, and the seeming rapprochement between Maliki and the protesters sure look good together, though. I don't think they'd be even agreeing to the bank restructuring if they weren't getting on board. Parliament comes back on Tuesday, and that will be very telling as to which way this is going. Sadr decided not to boycott today, and we've seen indications, today, that the Kurds will attend. Both of those groups had been saying they were going to boycott. So, if Maliki makes nice with the Sunnis, that would be a full Parliament. Even if the Sunnis don't show, they've got well more than a quorum with INA, KA, and IS.

Are you getting excited about all this ReV?

Last Edited by calin on 03/24/2013 07:07 PM

I really am. Don't jinx it, though.

Oh, and there's this from tlar. I like his interpretation of that ugly little paragraph better. They really do need political stability, but they need this, too, and our thing could actually help with political stability. Folks with money in their bank accounts don't burn their countries down.


tlar:
Enorrste, although you are probably correct in your statement indicating "It is back to Maliki" based on this sentance from the article "
"the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything.",
This could be understood as a two part sentance. "the Iraqi dinar should be a priority " and "he needs to political stability in the country" . The way the sentence ends could also imply that these two things must come before everything else in Iraq. I see this as a reference to both of these things must occur before significant economic advances that are needed in the country. If I'm right, and I probably am not, the way this sentance reads is that they must raise the value of the dinar and they must get their government in order and this must come before everything else. If this is accurate that would mean they are saying raise the value as one of two components to get your economy moving.

I can see how the country would have more stability if the people were able to come out of poverty and grow their businesses and agriculture.

Something is definitely UP!

Last Edited by calin on 03/24/2013 07:15 PM

The Kurds buying weapons from the hated Israelis must really stick in Maliki's craw. And send him a strong message.

The powers that be seem to have a few tricks left up their sleeve yet. This kind of stuff is what we've been waiting for, and wondering why they haven't played the strong hand they have. I mean, c'mon. They got Cyprus to steal its own people's bank accounts in under a week, and this Maliki is gonna beat them at their own game? Not a chance.

Great day, today!


European Report: preparing for the arms deal between Kurdistan and the Israeli entity

2013-03-24

Follow-up - and babysit - leaked information through an Arab diplomat based in Brussels for the arrival of a report to the European Union is talking about a large arms deal being prepared between Iraqi Kurdistan and the Israeli entity. The Daily Telegraph Dutch have been published since the duration of a report on the biggest deal for the purchase of arms will enter the Kurdistan region by the Syrian-Iraqi border, adding that the Kurdistan region will occupy the first place in the import of Israeli arms.

The report said Barzani happy son of the Kurdistan region has an agreement with the Israel Military Industries to buy arms deals consecutive valued at approximately $ 4.6 billion and include tank missiles "Merkava" and armored personnel carriers and alarms early rocket launchers and detectors of explosives and rockets shoulder and ground-to-ground missiles in addition to missiles with ranges up to 280 km, in addition to some small arms fire. He says an Arab diplomat said circles European shocked by the report because this deal will establish to crack serious in the region, and will change the balance of power in Iraq and Syria, and will establish a center of Kurdish seriously, and that incision in the hearts of Europeans is the dual role of Turks they are fighting PKK and help Barzani armament. According to defense experts in the European Union, Erdogan and the Turkish leadership to pay Iraqi Kurds towards the rear and in support of Iraqi rather than ascent towards Turkey and Tmddhm horizontally toward Syria, the Turks are paying their dispute with Baghdad

[link to alrayy.com]

Maybe question Maliki on Tuesday now?




Allkash demands to interrogate al-Maliki at a meeting next Tuesday
Sunday, March 24, 2013 15:43
BAGHDAD / Baghdadiya News / ..
-
Student member bloc MP Mohammed Sunday Allkash, question the commander in chief of the armed forces, Nouri al-Maliki in the House of Representatives during a session next Tuesday.
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Said Allkash told / Baghdadiya News /, that "the Presidency of the Council of Representatives to question the prime minister tell Maliki in his capacity as Commander-in-Chief of the armed forces during the session next Tuesday against the backdrop of recent bombings that hit the capital Baghdad and other provinces of the country."
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He noted that "the political blocs is now demanding to interrogate al-Maliki during a session next Tuesday against the backdrop of explosions that hit the country and claimed the lives of more than 200 citizen among dead and wounded."
-
Finished / 21
[link to translate.goo....ISHJC5T9UtFlww]

About time!

Got that right.

I would expect if they are serious about an RV/float it will be implemented prior to the budget taking effect. Would make the whole process a lot less complicated then waiting until it has been implemented. But then again Iraq does not usually choose the easy path.

World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar
Published on Sunday, 24 March / March 2013 15:39 | Written by: MW / AR / N | | | Views: 245
BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.”

Said Shukri for “obelisk”, “The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq,” noting that “financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. “

He added that “the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan,” explaining that “the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. “

He pointed out that “the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything.”

Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year

[link to DON'T_USE-THIS]

[link to www.youtube.com (secure)]

Me too, Hitler. Me too.

Here's a few articles together...

Looks like the Kurds are happy with the HCL now.

Maliki's lawyer, and his pet judge, Mahmoud, are both getting charged in the criminal court,

And check out the last one. This is from the Ministry of Planning, and it quotes a rate over $3. No idea how long it's been there, but pretty darn interesting, nonetheless.


Baghdad (IraqiNews.com) -Kurdistan Regional Government announced on Wednesday that “Any cooperation in oil sector between the Region with Turkey will abide by the Iraqi constitution.”

A statement by KR Cabinet cited on Wednesday “KR Cabinet held on Wednesday its regular meeting headed by the KR Premier, Najervan Barzani where he talked about the recent visit of the Kurdish delegation to each of Turkey and Germany.”

Concerning the visit to German, Najervan said “Our visit to German was to participate in a conference over the energy where we met with the German Advisor, Angela Merkel,” pointing out that “We called on her to support the oil policy of Kurdistan, where we expressed our readiness to support Europe in field of exporting crude oil across Turkey.”

“As for the Kurdish delegation to Turkey, KR Premier shed light on his meeting with the Turkish Premier, Rajab Tayib Erdogan, where they discussed the peace process and the efforts exerted to settle the Turkish issue in Turkey peacefully,” the statement concluded.


[link to www.bondladyscorner.com]


Independent MP Sabah al-Saadi decision of the Supreme Judicial Council and the chief prosecutor awarded lawyer Tariq Harb to the High Criminal Court on charges of crimes against humanity.

He referred to "provide 116 of the people of new Basra complaints added to previous complaints's 81 complaint against Medhat al-Mahmoud, Tariq Harb has been referred to the chief prosecutor and the head of the Supreme Judicial Council good Humairi"

[link to translate.google.com]


Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc.

[link to www.mop.gov.iq]

Did you read the rest of it?

Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
[link to www.mop.gov.iq]

I didn't make it that far, but hell, I'll take it.



I wanted to see what y'all thought about something I've been kicking around the last few days.

I like seeing all the stuff about charging Maliki's buddies with war crimes, and the Kurds being happy, and the printing law being passed, etc., but I'm really just looking at two things right now:

1. The IMF giving its blessing to move from 14 to 8 (or vice versa. Can't remember which.)

2. The UN approving the move from Ch7 to Ch6 when the borders are finished.

Stryker thinks Exec Order 13303 needs to be released, too, but that seems to be a formality after the other two things get done. All the stuff inside Iraq seems, to me, to be superfluous to getting our currency change. Sure, the political stability is nice, but it's never going to be perfect, and I really think it's more about Iraq's relationship with the world than with its own people at this point. In a perfect world, I'm sure they would have liked all the internal issues to be completely settled, but this is bigger than that. I'm not saying I agree with the gurus that Iraq has nothing to do with it, but I'm also not saying I think every minor detail of the goings on in Iraq are of much concern to the people in charge of this. Get the borders done, have the bank ready, and let's go.

I see Ch7 and the RV/float as the real tug of war. The world won't let them out unless they give us the money, and they won't give us the money unless we let them out, so I see both as happening within minutes of each other some time after the borders are finished, maybe immediately after.

Makes sense ReV!

Ugh... I am still nauseous after watching part of that Mexican cartel beheading link here. UGH!

Yeah, I think I'm gonna pass on that one.

"...all efforts today pour the development of the banking system and monetary will be channeled in the service of supporting the value of the Iraqi dinar, stressing that "support the value of the Iraqi dinar is not the banking system applicable only being governed by several considerations, including stocks state of currency and gold, as well as quantities of oil exports and the stability of the economic situation as well as the political situation and the Ministry of Finance will not hesitate to take any step evolution of the banking system for the development of the value of the Iraqi dinar never believe that this is a national task."

Read more: [link to dinarvets.com]

What the hell does that mean? I sure wish I could read articles in English for a change regarding Iraq!

Thanks ReV!

I think it says the whole mission of the banking industry, in Iraq at the moment, is to support the value of the dinar and they're going to back it with a bunch of really valuable stuff.

Check this out. C'mon confirmation. Maliki caves to everybody. Political stability. Sleep well.



Maliki Takes Steps to Ease Political, Social Divisions in Iraq

In the course of just one day, Iraqi Prime Minister Nouri al-Maliki finally opened the doors to resolve Iraq’s political crisis, which has persisted for several months. This is by largely responding to the demands of Sunni demonstrators on the one hand, and by accepting the terms of the Sadrist movement — led by Shiite leader Muqtada al-Sadr — for the return of his ministers to the government.


Following months of protests in Sunni-majority regions of Iraq, Prime Minister Nouri al-Maliki has finally agreed to take steps to mitigate the crisis and listen to protesters’ demands, writes Mushreq Abbas. (Original Title – Iraq: Light At The End of The Tunnel)

The meeting on Tuesday [March 26] of Iraq’s council of ministers was particularly significant, as Deputy Prime Minister Saleh al-Mutlaq announced that the council had agreed to all of the demands raised by demonstrators in the provinces of Anbar, Mosul, Saladin and Diyala. Most of these demands have to do with amending arrest procedures, secret informants, amnesty for prisoners, the release of female detainees, de-Baathification and preparing for direct negotiations with a delegation representing the protesters.

Mutlaq announced that “the council of ministers decided to abolish the secret informant [post] and the law on seizing the funds [of Baath members], and to extend special amnesty to release prisoners arrested under this law.” Despite the Iraqiya List’s decision to boycott the cabinet’s sessions, Mutlaq was accompanied by three ministers from the list, which has 88 seats in Parliament.

He explained that “it was agreed that the five-part committee would continue its work, in order to thoroughly address the accountability and justice law and general amnesty law over three days.”

Mutlaq, who considered such decisions important in resolving the crisis, sent the opposition Sunni parties an explicit message to negotiate with the government by saying, “I call on all those who have ulterior motives that affect Iraq’s unity and security to abandon them. I call on them to return to the lap of the homeland, and work with us to change the bitter reality we live in into a better reality [that ensures] people’s happiness and welfare.”
In conjunction with Mutlaq’s announcement, things went back to normal between the Sadrist movement (which holds 40 parliamentary seats) and Maliki, after the latter agreed on Sadr’s conditions for the return of his six ministers [to the Cabinet].

Bahaa al-Araji, a leader of the movement, summarized these conditions in a press conference yesterday. They include: “The formation of a committee to review the security issue in the provinces of Nineveh and Anbar, implementing the demonstrators’ legitimate demands in these provinces, adopting the rules of procedure for the council of ministers, bringing about national cohesion and finding solutions to national problems.”
Through this step, Maliki has saved his government from collapse, following the withdrawal of 20 ministers belonging to the Kurdish Alliance, the Sadrist movement and the Iraqiya List.

Although the protesters’ response to the government’s decisions is not yet clear, the announcement of Saeed al-Lafi, spokesman for the demonstrators, is a step forward on the path to resolving the demonstrations that have been ongoing for 90 days. He said that a committee — which includes the leader of the Iraqi Sahwa Movement Ahmed Abu Risha, the leader of the Dulaim tribe Ali Hatem, MP Ahmed al-Alwani, and the demonstrators’ spiritual leader, cleric Abdul Malek al-Saadi — will be formed to negotiate with the government.

Yet, the excessive optimism regarding an end to demonstrations, based on the government’s new measures, is misguided. According to political science professor Yasin al-Bakri, the crisis is in need of a serious and comprehensive political dialogue that re-characterizes the state’s foundations, and adopts a more mature vision for governance and political partnership that frames the work of the government.

These steps, according to Bakri, are necessary to promote trust among the conflicting parties, and pave the way for a large political conference to discuss the suspended issues in Iraq.

The third side that opposes Maliki is the Kurds. Information coming in from the Iraqi Kurdistan region indicates that the region’s ministers are close to returning to cabinet meetings, amid leaks of solutions suggested by mediators regarding a financial settlement for the general budget. This solution ensures that foreign oil companies operating in the region receive the $4 billion they are due, which the central government’s refusal to pay was a reason for the Kurds’ recent government boycott.

Read more:
[link to www.al-monitor.com]

Yep, you can't unsee it once you've seen it. So I think I will pass on it also.

As for an Rv realative chapter 7. It would appear to be the final issue to me. But I'm sure there are others, most of little consequence except for the possibility of holding up an RV/float.

haha... finally an English article!

Very good ReV!

I'm sure y'all have seen this already, but the borders are done. I can taste the Ch7 release!



[link to dinarvets.com]

Last Edited by Revbo™ on 04/01/2013 11:51 AM

YEP.

They're really gonna do this, aren't they? I can't believe it.

Hey, have you noticed the English is getting better in the articles in the last couple days?



On Thu, Mar 28, 2013 at 8:49 PM, <[email protected]> wrote:
Iraqi parliament cancels all vacations of MPs
Added by Ahmed Hussein on March 28, 2013.
Saved under Politics

Baghdad (IraqiNews.com) -The Iraqi parliament chairmanship decided to continue holding the regular sessions till next April, 8th.It also decided to cancel all the vacations of the MPs, announcing that it will take the financial procedures against the absent MPs.

A statement by the media office of the parliament reported “The parliament chairmanship decided to extend the period of the parliament’s performance till 8/4/2013.”

“We call on the MPs to abide by the attendance to the regular sessions in order to be able to ratify the important law drafts included in the parliament’s agendas especially the country lives condensed political movement and critical security situation,” the statement added.

The parliament failed one again to hold the regular session of Thursday due to lack of quorum, therefore the session was postponed till next Sunday.

Read more: [link to www.iraqinews...]

Yes, better reading! Cool!

Is this saying that they will be pay docked?

Sure is. It's going to 1m dinar per session, too, from 500K.


3-28-2013 Newshound Guru Stryker Kobler Announces Border Demarcations are Complete, One of the domino's is ready to fall, Kuwaiti Prime Minister Maburak now can come to Baghdad and sign his part of removing Iraq from Chapter VII to VI, domino #2...The Domino's are getting ready to fall Folks.

Read more: [link to www.dinarguru.com]

All the gurus are on the same opinions on that site.

So, what is left to do?

Oil law done - right?

Chap 7 to be lowered to 6 due to this last demarcation issue - right?

World Bank training - right?

Seems like Adam still is going for the low number and figuring on a short exchange period. hmmm.. he is a party pooper!

Last Edited by calin on 03/28/2013 07:42 PM

I kind of liked this news report

Exchange Rate of Foreign Currency in Economic Feasibility Studies

Read more: [link to dinarvets.com]

estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar.

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:

1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.
In particular the following outputs and inputs of foreign currency were distinguished:

· Export-outputs.
· Outputs marketed locally that substitute imports.
· Imported inputs.
· Inputs produced locally that usually go to exports.
· Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

· The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.

· The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.

· The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.

· The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.

· This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

(Source)

[link to www.mop.gov.i...&pid=295&lng=en]


Read more: [link to dinarvets.com]