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"freeze all its activities and deposit taking deposits and capital to get the benefits to the Central Bank without the banks to strengthen their role in the market movement and the different economic programmes."
Economists see the importance halt conflict between fiscal and monetary policies
BAGHDAD - Iraq votes 16 / 05 / 2008 at 21:02:39
The view of economists that the Iraqi conflict between fiscal and monetary policies constitutes a burden on the Iraqi economy, demanding a need to consolidate track in two parallel lines and be complementary to each other in the absence of the possibility that there will be more than a single policy in a single economy.
Says economic researcher Hossam Commissioner for the Independent News Agency (Voices of Iraq) that "while it sought monetary policy to absorb liquidity encountered financial policy approach completely incompatible when it sought to pump more liquidity." He said that "fiscal policy orientations halted monetary policy."
He added that "this issue is not strange if Maalmna that the conflict which occurred between fiscal and monetary authorities in the afternoon in meetings of committees and forums are not hidden have surfaced and heard concerned the economic aspect, who recommended the need for coordination between policies."
He went on to say that Osama fiscal and monetary policies "that kept opposing what led to the central bank spent hundreds of millions of dollars in its programme to reduce the price of the dollar against the strengthening of the Iraqi dinar exchange," saying that such spending "gold dust scattered in the general economic policy because it was not the coordinator was not Disciplined and united, in addition to the sums spent by the Central Bank itself in the process of increasing interest on deposits in banks night and civil government. "
He said these actions had banks and the civil government to "freeze all its activities and deposit taking deposits and capital to get the benefits to the Central Bank without the banks to strengthen their role in the market movement and the different economic programmes."
The teaching and economic researcher Hilal Ta `that" the reasons for discrepancies between policies stem from the need to fight the massive scale of destruction in the Iraqi economy by fiscal policy, which tended to expand the volume of expenditure. "
He added that "On the other hand, felt the Central Bank to take deflationary monetary policy to curb inflation resulting from the expansion in the volume of spending fiscal policy by raising interest rates in addition to the use of currency auctions."
Experts had called on Iraqi economy, at a symposium organized, last Monday, the Central Bank to abandon its adoption of tight monetary policies, because of their negative impact on the national economy, by changing the value of the real exchange rate of dinar and causing a deficit in the general budget.
The participants in the symposium, stressing the economic importance of the monetary policy "were not neutral if unable to cope with fiscal policy, reduce the gap inconsistencies between them."
Ta `He stressed the" necessity of unifying monetary policy and fiscal policies that must be travelling in two parallel lines that complement any other policy there can be no more than a single policy in the economy single. "
The monetary policy of the Iraqi Central Bank Law No. 56 set in 2004 to put the issue of inflation-targeting and responding to the escalating rates and work to reduce the priority goals to reach the state of lasting stability in the general level of prices, by influencing the levels of liquidity Assembly.
The Central Bank of a series of actions that would lift interest rates. A procedure often resorted to by States to absorb liquidity and create a balance between the monetary supply on one hand and supply of goods and services on the other. I accept the Central Bank to raise interest rates in August 2004 to 6% and 7% in September, so that arrived in December 2007 to 20%.
The economic researcher Abdel Rahman Star Ferry Scene-as called for by a researcher from the Ta `that" it is not possible to unify fiscal and monetary policies "
He justified this by saying, "the difference between the policies is the nature of the time period, where the impact of fiscal policy later can sense only after a year, such as tax rates, grants and subsidies, while the monetary policy such as lifting the selfish interest rates or reduced, making the economic impact would appear and quickly, possibly within a week ... That can unify policies. "
He continued by saying scene told (Voices of Iraq) that "unification policies were in a time where the former regime was responsible for the central bank monetary policy of fiscal policy could have the same policies, but now Unification can be between policies only if the political decision-Tawhid"
He concluded by saying that "therefore remain contradictory effects during this period and the period ahead," pointing to "the importance of the" general lines of policy believer. "
It was teaching at Mustansiriyah University Sattar Jabbar with the scenery in different time periods between policies, adding that "despite the claim of Central Bank of advisers that there is full coordination between them, however, reflects the fact that there is any kind of coordination between policies."
Jabbar, asks, "When we talk about inconsistencies between the two, on what point we will build our economic ballots for the growth of the Iraqi economy."
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Resonance of inflation and speculation must be avoided
Resonance of inflation and speculation must be avoided17:10' 16/05/2008 (GMT+7)
VietNamNet Bridge – High inflation, ballooning trade deficits, and the Government's economic management are among big issues highlighted at the ongoing National Assembly sitting in Hanoi. Le Quoc Dung, vice chair of the NA Economic Committee, talks with The Saigon Times Daily on the sidelines of the sitting on such issues. Excerpts follow.
Many people have voiced concerns that prices of certain essential commodities will leap up after June as the period of price control initiated by the Government is out. How do you comment on such a possibility?
As far as I know, prices of certain commodities will be revised after June, possibly petrol prices. The local economy is still facing big challenges. Although the inflation has shown signs of a slow-down, prices of some key commodities on the world market remain high, especially crude oil.
There are several problems in the local economy to address such as market pricing, export and competitiveness. If local prices are well linked to the global prices, then such prices should have been revised up.
However, if prices go up further, the inflation will move upwards, thus having adverse impacts on the people's livelihood. I am now keeping a close watch on the banking system.
The lending interest rate has been high while credits are tightened, leading to high capital cost for enterprises, especially exporters. In the region, the lending rate is much lower than in Vietnam, so local competitiveness is a difficult problem.
Some experts have warned against speculation, saying many enterprises have stocked commodities to wait for higher prices after June. How the NA Economic Committee will monitor and address this phenomenon?
That situation may be real. There may be the activity of speculative stocking as people foresee the high inflation and keep back goods for sales when prices move up. The National Assembly will only monitor the Government's administration, while the Government itself will have to tighten control over State-owned corporations, groups and enterprises, especially those producing essential goods so that the supply of goods remains steady. The Economic Committee will dispatch inspection teams to work alongside the Government. If speculative trading is combined with the inflation, the resonance will be dangerous.
The trade deficit in the first four months of the year has exceeded US$11bil, equivalent to 60.7% of the total export revenue. In your opinion, what should the Government do to reduce the trade gap, and whether boosting export is the optimum measure?
It is clear that the trade deficit is widening. But if enterprises boost imports to hedge against the rising price on the world market, we should have a more objective, considerate view. The increasing trade deficit will prompt more difficulties for the trade balance and payment balance.
Nevertheless, the State should ensure sufficient foreign currency supply. The dollar is in short supply now due to rising import, but the State should use part of the foreign reserve to guarantee liquidity for enterprises. However, such a move must be done in a cautious manner. Another measure is to tighten control on luxury goods and consumer goods.
The proportion of consumer goods and luxury goods including automobiles makes up a mere 1% in the total import expenditure, while up to 92% of imports are machinery and materials for local production. Is it possible to control the rising import with such a measure of curbing consumer goods and luxury goods?
The most important job now is to restructure local production, especially to develop the supporting industry. This should have been done a long time ago. For farm produce, we have mainly shipped raw materials rather than value-added products. We should have had a strategy to add value to such products. Most of rubber and coffee are now exported as raw materials.
Many are of the opinion that the State intervention by means of administrative measures should be short-lived, and the basic thing is to let prices driven by market forces?
That's correct. Deep intervention by the State will distort the market. But such measures are necessary under certain circumstances. If such measures are maintained for long, the market will go wrong, leading to a bubble economy.
So what should be the right time to stop such intervention?
I understand that the Government also want to stop such measures as soon as possible, but due to the limited resources and capacity, caution will be taken in choosing a point of time to stop such intervention. The NA Economic Committee will raise its voice to ask for stopping intervention as soon as the situation is back to normal. Prices should be in line with the market principle.
__________________
Kurds smuggling oil into Iran--- UNBELIEVABOIL lol
Editorial www.nooz.comScores of tankers carry crude oil from Kurdistan, smuggle it to Iran Noozz Editorial
May 15 2008 1:0
Journalists from Al-Sabah Al-Jadeed reported these acitivites in their report, claiming that the smuggling takes place with "official endorsements" by the authorities in Baghdad and by the provincial Kurdish government.
Curde oil is loaded onto oil trucks at the Bayji refinery, Iraq's largest, and is then transported across Iraqi Kurdistan and into Iran through the border crossing points at Sulaymaniyya and Hajj Omran. The companies behind the operation were not named, and the report says that little is known about them.
Reporters from the newspaper contacted Edward Jibli, director of the Hajj Omran customs office on the Iraq-Iran border and asked him for details about these operations.
He said: "Many tankers carrying crude oil cross the Iraqi borders every day towards Iran," but he did not disclose the number of these tankers saying, "The load of each tanker is between 10,000 to 35,000 liters of crude oil, and they [customs officers] receive 5,000 dinars [less than $3] per tonne.
"This process has been going on for at least a month, and the crude oil comes from Kurdistan and from Bayji with the permission of Kurdistan's ministry of natural resources in large oil tankers that carry Irbil license plates. The cargo is then taken to the other side of the border and emptied in Iranian oil tankers that take the crude elsewhere."
He did not establish where "elsewhere" is.
Asked about the number of tankers that cross the borders daily, Jibli refused to confirm or deny rumours that the convoys reach over 20 trucks, but said: "You can get the details from Kurdistan's ministry of natural resources."
The Kurdish newspaper Jawdir on Tuesday published a report about large numbers of oil trucks carrying crude oil from the Hajji Omran border point to Iran.
Authorites in Iraqi Kurdistan until recently have been unable to sell crude oil on the lucrative international market as they do not hold export permits from the Oil Ministry in Baghdad, which has pressurised neighbouring states into rejecting any attempts to do so. However the Kurdistan Regional Government announced at the end of April that for the first time they will be able to formally produce oil in the fields of Taqtaq and Duhok and export it to markets through the Ceyhan Port in Turkey.
The revelation of the capacity of oil production in Kurdistan Region came after the political and economic disputes that occurred between the Iraqi central government and Kurdistan Region in the last few months over the 15 oil contracts that KRG has signed with a number of Turkish, Norwegian and American companies.
Oil Mafias
In addition to this apparent state sanctioned 'smuggling' oil smuggling across Iraq by criminal elements has been rife, although recently security forces have attempted to tackle the phenomenon. Oil is either siphoned off in crude form from unprotected sections of pipeline or as refined fuel, directly from refineries.
A London based energy analyst told Noozz that 'oil mafias' have muscled in on a lucrative trade and are present across the country, with fuel from the Bayji refinery the single largest source of illegal supplies.
Wide-scale oil smuggling operation is believed to continue in Basra via the Shatt al-Arab waterway and into Iran. This has prompted Prime Minister Nouri al-Maliki to undertake decisive military measures against groups and illegal militias that stand behind such oil smuggling in the recent "Knights' Charge" security operation in Basra. This security operation is credited as having had some success in limiting the illegal flow of Iraqi oil into Iran.
A report in April in Kurdish daily Rozhnama claimed that the crude produced in the Zakho fields in northern Iraq is being sold to private refinery companies, and that up to 25% of crude oil fed to the Sulaymaniyah refinery ends up on the black market.
Smuggled Kurdish crude sells for around $72 dollars a barrel on the black market, a sharp discount on the $110 a barrel that crude was selling for on international markets at the time of the report.
UAE, Qatar may ditch dollar peg in six months, says Merrill
Khaleej Times - 16/05/2008 [-] Text [+]
(MENAFN - Khaleej Times) The UAE and Qatar, facing soaring inflation, are expected to ditch the dollar peg within six months, but Saudi Arabia will wait until late 2009 to break its decades-old link with the tumbling greenback, economists said.
The Kuwaiti dinar, which abandoned its dollar peg in favour of a basket of currencies almost a year back, will continue to appreciate against the US currency, currencies supported by stronger fundamentals and credible central banks are expected to outperform their peers in the Europe Middle East region, according to the latest research by Merrill Lynch economists.
Merrill Lynch, one of the world's leading financial management and advisory companies, said in its research report titled "ML global currencies ? forex weekly: New forex forecasts" said the dollar should continue to recover versus euro and the Anglo-Saxons . "In EMEA we expect a volatile path within the forecast period."
The report said in Asia, the managed pegs remain largely unchanged as a result of the effects of large basic balances and policy response to higher inflation. "In Taiwan, we forecast a stronger exchange rate against the dollar to reflect the changing sentiment following an expected improvement in the political outlook. Our forecast changes are for weaker exchange rates in Korea, India and the Philippines. Korea and India are also adversely impacted by higher oil prices."
According to Merrill Lynch's currency experts, dollar is expected to have a general recovery against many G-10 currencies. "For second half 2008, the weakness in the US economy has mostly been factored into the dollar, while the deterioration elsewhere should be built in. Thus, the dollar can stage a recovery even though the US economy will remain relatively weak."
However, the forecast by the financial management firm is contrary to the views expressed in this regard by GCC monetary authorities who are pressing ahead with a long-planned monetary union by 2010.
GCC central bankers speaking after their meeting recently have reiterated their stand in favour of the dollar peg to ensure that the currency union goal is achieved as targeted.
The UAE Central Bank Governor Sultan bin Nasser Al Suwaidi said there was no intention for the time being to de-peg currencies from the dollar, maintaining that since decline of the dollar is a temporary phenomenon GCC should not take long-term decisions on short-term issues.
Currency experts and economists are also of the view that a sustained link with the weakening dollar would further fan inflation. They believe it is the time to consider change as a dollar-peg would not be in the long-term interests of GCC members who are under pressure for a revaluation to offset imported dollar inflation.
The International Monetary Fund, on the other hand, supports GCC central bankers by declaring its solidarity with the dollar peg.
Cautioning that dirham's de-pegging from the dollar or revaluation could have little impact in controlling escalating prices, Mohsin Khan, Director of IMF's Middle East and Central Asia Department (MCD), said last week that the benefit of the dollar-peg outweighs its negative impact for oil exporting GCC countries that account for combined external assets of $2 trillion. "With a 20 per cent revaluation, the region would have to take a big hit with the value of their overseas assets shrinking by $400 billion. Dollar denominated oil revenues will also suffer a similar setback."
President of the Iraqi Investment: Opportunities giant to invest billions of dollars in Iraq
Published 16.5.2008, 11:20 Published 16.5.2008, 11:20
نيوزماتيك/ القاهرة Uzmatik / Cairo
. Head of the Iraqi body for investment, Dr. Ahmed Reza, the giant investment opportunities in Iraq, in different economic sectors ranging from investment in the rehabilitation and establishment of many new Iraqi port of Basra, the large port, the port of Umm Qasr, as well as the establishment of the new Baghdad International Airport, in addition To service projects, tourist, commercial and oil in a number of Iraqi governorates.
". He explained in an interview with Reza "Uzmatik" on the sidelines of the conference to invest in Iraq, which is currently held in Cairo, said "the draft port of Basra Kabir, includes building, 160, wharf by one Iraqi companies, with a capital estimated at 12 billion dollars, either at Baghdad International Airport, estimated to cost 17 billion dollars through a giant international companies. "
وأشار ". The head of the Iraqi investment, to "other projects are in the city commercial center and businessmen, and hotels, primarily in Baghdad Hotel, Marriott Baghdad, which opened last week," adding that there was a project another $ 7 billion port of Umm Qasr, and projects amounting To 34 billion dollars Najaf governorate building tourism city, and 200 thousand housing units. "
". And investment opportunities in other governorates of Iraq, said Reza on "the existence of 650 million dollars for projects and Wasit governorate of Iraq, to build industrial city, and the city of Kut new addition to a large medical complex German forums, through the Tigris River, and housing complexes Karbala Governorate, and plans to manufacture cars in Sulaymaniyah , And a presentation by the company, Mercedes, to be considered for granting land to build the factory. "
". Chairman of the Investment Authority, Iraq, "the eyes of investors need to seize the opportunity to invest in Iraq during the current year 2008," pointing to "numerous facilities granted by the Iraqi body to invest now, with a capital estimated at 250 million dollars."
". He said that "free economy and private sector is what will lead Iraq's future," stressing that "the availability of all the rights of foreigners in Iraq, Iraqis and equality, through the ownership of land with a maximum of 50 years, tax exemption, according to investment law for ten years, subject Increased to 15 years, in addition to tax exemption for all private industrial investment requirements of spare parts. "
". On the security guarantees sought by Egyptian investors, he stressed that "Iraqi Defense Minister, stressed personal guarantees for each project in Iraq."
". He added that "foreign investors have all rights to attract skilled labour, for their projects in the event of non-availability of manpower in Iraq, with facilities belonging to their salaries, and transfer abroad without restrictions, like capital that can convert any currency deems investors inside and outside Iraq."
". He Reza on "Iraq's capacity to absorb investment inflows, both in the areas of employment, wealth and human Iraq," noting that "the economy is the locomotive driving the policy, unlike the past fifty years."
". The president of the Investment Authority, Iraq, investors and owners of capital at the end of his "Uzmatik", the influx into Iraq and investment in many sectors and areas of starting projects, infrastructure and petroleum industries, and chemical. "
. It is noteworthy that an Iraqi delegation considerably, 130 members, arrived in Egypt yesterday to participate in, the investment in Iraq, the delegation was led by Vice President of the Republic of Iraq Adel Abdul Mahdi, in addition to ministers of finance and industry, governors and heads of provincial councils in Iraq and the Finance and economy experts and Iraqi businessmen
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Expert: Time ripe for dollar depegging for the GCC countries
Bahrain Tribune - 15/05/2008 [-] Text [+]
(MENAFN - Bahrain Tribune) With $2 trillion infrastructure projects in the pipeline and robust GDP outlook for the 2008 and beyond, this is the right time for the GCC countries to de-link their currencies from the US dollar peg, an economist at StanChart said yesterday.
Mary Nicloa, Economist Middle East and North Africa for Global Markets at StanChart, said there has been great imbalance between the US and the GCC economies.
The GCC economies, she said, has been on the path of diversification for the last couple of years and the excess liquidity the region helped it emerge as one of the strong economic blocs.
Mary, who was joined by team of StanChart officials including Sami Mahfouz MD/Head of Global Markets, Daniel Smith Metal Analysys and F Abah Ofon, Softs Analyst, said that despite the strong economic indicators the GCC economies were facing major challenges. "These economies face many challenges like how to deal with the US dollar peg, how to develop a monetary policy and monetary tools.
"With oil prices at an oil time high, surpluses in the GCC are mounting. Both budget and current account surpluses are close to 20% of GDP across the region. Foreign reserves are high and, as a consequence, domestic investment is booming. The GCC is focusing on diversification to become less reliant and vulnerable to fluctuations in oil prices.
"The UAE, for example, is the leader in this respect; in 2007, the hydrocarbon sector made up only one-third of GDP. Sectors such as real estate and the manufacturing sector are expanding. While this paints a very rosy picture of the Middle East there is one particular challenge to these booming economies - inflation. With money supply growth hitting 50 per cent in the UAE and nearly 40 per cent in both Qatar and Saudi Arabia, there is essentially too much money chasing too few goods.
"The US economy is slackening. This has been compounded by the credit crisis which still has to filter through the economy. This slowdown, unlike in 2002, is affecting the consumer through the housing market and will eventually affect the labour markets. The manufacturing sector is weakening and average hourly earnings growth is slowing. With oil prices on the rise, the US consumer has one more thing to worry about as they try rebalancing their balance sheets."
"At a time, when the US is facing a credit crisis, the Middle East is awash with liquidity," she said.
"The GCC is unable to control money supply growth because of its peg to the US dollar and lack of monetary policy tools. At a time when the Fed is cutting rates, the GCC must do so also. We expect rates to fall to 1 per cent by Q1, 2009 in the US and the GCC. Monetary loosening is not what this region needs. The other two factors affecting inflation are housing and commodity prices," she said.
Saudi Arabia rebuffs Bush on oil production
White House: Riyadh says it's already meeting customers' demands
updated 49 minutes ago
RIYADH, Saudi Arabia - The White House said Friday that Saudi Arabia's leaders are making clear they see no reason to increase oil production until customers demand it.
President Bush was in the oil-rich country to appeal to King Abdullah for greater production to help halt rising gas prices in the United States.
But his national security adviser
blah blah blah blah............................................
Minister of wealth Kurdistan province is adding 35 billion dollars annually for the Treasury Iraq
Published 13.5.2008, 00:00 Published 13.5.2008, 00:00
Egyptian Minister of natural resources Kurdistan Regional Government of Iraq and the existence of various Horami ongoing talks between the Government of the Territory and the federal government in Baghdad, aimed at "agreeing on a final version of the draft law on oil and gas, which regulates the management of oil and gas sector throughout Iraq."
جاء ذلك في جلسة استماع بالمجلس الوطني للإقليم خصصت حول أداء وزارة الثروات، والعقود النفطية التي أبرمتها مع الشركات الأجنبية. This came at a hearing of the National territory allocated on the performance of the Ministry of wealth, the oil contracts signed with foreign companies.
وقال وزير الثروات الطبيعية لإقليم كردستان، عقب جلسة الاستماع، في حديث لـ"نيوزماتيك"، إن "المحادثات بشأن الاتفاق على مسودة نهائية لقانون النفط والغاز التي ستقدم لمجلس النواب، مستمرة وتتم بأجواء سليمة، وسنصل إلى نتائج ايجابية خلال أشهر". The minister also said the natural wealth of Kurdistan province, following the hearing, in an interview with "Uzmatik", "The talks on agreeing on a final draft of the law of oil and gas will be provided for the House of Representatives, are continuing and ambience sound, and we will reach a positive outcome during the month."
ودافع الوزير الكردي هورامي خلال الجلسة البرلمانية عما قال إنه "دستورية عمل حكومة الإقليم في مجال النفط والغاز"، نافيا وجود مخالفات في العقود التي أبرمتها حكومة الإقليم. The minister Kurdi Horami defended during the parliamentary session said what that "the constitutionality of the Government of the Territory in the oil and gas," denying the existence of irregularities in contracts entered into by the Government of the Territory.
وحول تفاصيل العقود وتعليقا على الإنباء التي أشارت إلى إعطاء وزارته معدل أرباح للشركات يفوق ما تحصل عليه الشركات خارج العراق، قال الوزير بأن العقود النفطية لحكومة إقليم كردستان، وبعد أن جرت مراجعتها وتعديل بعضها من قبل وزارته، صارت تمنح معدل ربح لا يتجاوز 12 بالمائة، لافتا إلى أن دول عدة تمنح نسبة تفوق هذه النسبة . Regarding the details of contracts Commenting on the news pointed to give his ministry rate of corporate profits than what you get companies out of Iraq, the minister said that oil contracts for the Kurdistan Regional Government, after having been reviewed and amend some of his ministry, has given the rate of profit does not exceed 12 percent, He pointed out that several countries give a higher percentage than this proportion.
وأشار وزير الثروات الطبيعية إلى أن جهات سياسية في العراق "تريد تعديل المواد الدستورية التي تدعم حق المشاركة لإقليم كردستان في إدارة عمليات النفط والغاز بالبلاد" . The Minister pointed out that the natural wealth of political actors in Iraq "want to amend the constitutional articles that support the right of participation of the Kurdistan region in managing the operations of oil and gas country."
وعزا هورامي سبب عدم إنجاز مسودة قانون النفط والغاز لحد الآن، بالرغم من مرور فترة على بدء المحادثات بين إقليم كردستان والحكومة الاتحادية، إلى تمسك الإقليم بحقوقه الدستورية ورغبة المشاركين من الحكومة الاتحادية "بالانتقاص من تلك الحقوق". He attributed the reason for not Horami formulate the draft law of oil and gas so far, despite the passage of the start of talks between the Kurdistan province and the federal government, the province's constitutional rights and the desire of the participants from the Federal Government "derogation of those rights."
وحول تطورات وضع القانون، ذكر وزير الثروات الطبيعية لإقليم كردستان أن "الموضوع بإنتظار موقف رئيس الوزراء نوري المالكي من رفض الجانب الكردستاني للتعديلات التي أجراها مجلس شورى الدولة على مسودة القانون، العام الماضي". Regarding developments in the law, the Minister natural wealth of the region of Kurdistan, "the subject's position awaiting Prime Minister Nuri al-Maliki rejected by the Kurdish side of the amendments made by the State Consultative Council on the draft law, last year."
وكان الوزير هورماني أعلن خلال حديثه في الجلسة البرلمانية عن "اكتشاف ثلاثة حقول نفطية جديدة بمساعدة الشركات النفطية الأجنبية، تضم احتياطيا يصل إلى بليوني برميل" مؤكدا أن "إنتاج النفط في إقليم كردستان سيصل إلى مليون برميل، خلال فترة الأعوام الأربعة أو الخمسة القادمة، ما يعني إضافة نحو 35 بليون دولار سنويا إلى خزانة الدولة العراقية". The minister had announced during his Lahore in the parliamentary session on "The discovery of three new oil fields help of foreign oil companies, includes a reserve of up to two billion barrels," saying that "oil production in the Kurdistan region will reach one million barrels during the past four or five ahead, what I mean, add about 35 billion dollars annually to the Iraqi State Treasury. "
وكان المجلس الوطني لإقليم كردستان قد أصدر قانون النفط والغاز الخاص بالإقليم في آب 2007، تاركا العمل متواصلا لإصدار قانون النفط والغاز الاتحادي الذي ينظم إدارة القطاع النفطي في عموم البلاد، والذي لم يحسم لحد الآن . The National Council of Kurdistan province had issued a law on oil and gas region in August 2007, leaving work continued to produce oil and gas law that regulates the federal Department of the oil sector in the whole country, which has not been resolved yet.
كما قام الإقليم بتوقيع نحو عشرين عقدا نفطيا مع شركات أجنبية مختلفة، خلال الفترة التي أعقبت الحرب في 2003، كما قامت الحكومة بمراجعة عقودها حتى تأتي مطابقة للدستور العراقي ولقانون النفط والغاز الإقليمي . The province also signed about two oil contracts with foreign companies different, during the period following the war in 2003, as government has revised its contracts come up in conformity with the Constitution and the law of Iraqi oil and gas levels.
وهناك خلاف مستمر بين الإقليم وبغداد حول موضوعي العقود النفطية للإقليم، وقانون النفط والغاز الاتحادي . There are constant disagreement between the Territory and Baghdad oil contracts on the themes of the territory, and the law of federal oil and gas.
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ahmed 13.5.2008 03:55 [ 1 ] 13.5.2008 03:55 [1]
I trust the jews but not the kurds especially Ashtie Hormanie. I trust the jews but not the kurds especially Ashtie Hormanie.
Presidential Office calls on Iraqi funds migrating to return to Iraq
Published 16.5.2008, 15:47 Published 16.5.2008, 15:47
Uzmatik / Cairo ىThe president of the Court of Presidency of the Republic of Iraq Naseer Ani, today, Friday, and on the sidelines of the investment in Iraq to be held in Cairo, the owners of the Iraqi capital abroad to return to Iraq, especially "those who were present in large numbers in the three economic centers in the region, namely Cairo, Amman and Dubai ".
The Chief of Staff of the Presidency in an interview with "Uzmatik" that "considerable expertise available to owners of the Iraqi capital in the economic and commercial areas, entitling them to play an important role in investment and return to their country."
العاني اعتبر مؤتمر الاستثمار في العراق الذي يعقد بالقاهرة، "خطوة لابد أن تتلوها خطوات، لجذب الاستثمارات، والمزيد من رؤوس الأموال العربية، والأجنبية للاستثمار في العراق". Ani said the investment in Iraq to be held in Cairo, "a step must be followed by steps to attract investments, and more capital from Arab and foreign investment in Iraq."
وأكد رئيس ديوان رئاسة الجمهورية على "توافر جميع المقومات للمستثمرين، للاستثمار في ثروات العراق الطبيعية والبشرية". The head of the Office of the Presidency on the "availability of all the ingredients for investors to invest in Iraq's natural wealth and human resources."
وفي لهجة محفزة لرجال الأعمال والمستثمرين أكد العاني أن "فرص الاستثمار في العراق، يصعب مقارنتها بأي دولة أخرى في العالم". In the tone of incentive for businessmen and investors Ani said that "investment opportunities in Iraq, it is difficult to compare with any other country in the world."
وأوضح العاني في ختام حديثه لـ"نيوزماتيك"، أن "الفرص الأكبر للاستثمار، ستكون بين مصر والعراق، نظراً للخبرة المصرية الكبيرة في العراق، من خلال تواجد ما يقرب من أربعة ملايين مصري كانوا يعملون في العراق في وقت من الأوقات"، مشيراً إلى أن خبرة المصريين بالعراق تناقلتها الأجيال المصرية من جيل إلى آخر. He explained at the conclusion of a modern-Ani told "Uzmatik", "The greatest opportunities for investment, would be between Egypt and Iraq, because of the large Egyptian experience in Iraq, through the presence of nearly four million Egyptian who had been working in Iraq at one time," noting that Egyptian experience in Iraq reported by the Egyptian generations from one generation to another.
Speaker of the Parliament of Kurdistan: Law oil worker force of the Territory
15-05-2008
The president of the Kurdish parliament, Adnan Mufti, Thursday, oil and gas law approved by parliament province of Kurdistan "working force" to support major infrastructure of the Territory's economy
The Mufti said during a meeting with a number of students from the Department of Law and Politics University of Sulaymaniyah on Thursday that "the law of oil and gas in the province is a major force working to revive the economic structure of the territory, and oil contracts signed by the Government of the territory falls within the constitutional rights, a sound legal contracts", as he put it
And on the prevalence of corruption in the province in northern Iraq, Mufti said that "each State recent economic systems faced with the phenomenon of corruption, Kurdistan and Iraq in general are not immune from this rule, because this phenomenon spread because of the Iraqi economic orientation toward a market economy, but we stress that this phenomenon Temporary and will be lost, and there is a need to confront and uproot its roots as a government programme, and through the cooperation of Parliament to enact legislation tightening oversight deterrent, "This Mufti pointed out that "in Kurdistan today the independent judiciary, has its own budget and full independence to be able to achieve justice within society, but to activate the role of this Council is incumbent upon its members to achieve justice", according to the recipe
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Oil Rallies to New High Near $128
16/05/2008
LONDON (Reuters) - Oil shot to a record high near $128 on Friday after Goldman Sachs, the most active investment bank in energy markets, raised sharply its forecast for prices.
U.S. crude hit a peak of $127.82 and was trading at 127.70, up $3.58, by 9:23 a.m. EDT.
Brent was $3.53 higher at $126.16. Goldman Sachs raised its forecast for average oil prices for the second half of the year to $141 a barrel from its previous forecast of $107.
__________________
MPs and experts: the increase called for by al-Maliki on the budget needed "guarantees"
BAGHDAD - Iraq votes 15 / 05 / 2008 at 22:15:51
The view of deputies and experts are Iraqis, that the increase called for by Prime Minister Nouri al-Maliki on a balance in 2008, to set up projects aimed at revitalizing the Iraqi economy, will contribute to accelerating economic development in Iraq in case there safeguards to reduce the financial impact of corruption on the completion of the proposed projects.
While challenged the constitutionality of the proposal, Vice-Maliki, a legal expert said that the proposal unconstitutional and can not be appealed.
In the opinion of the Chairman of the Integrity Commission in Parliament this morning helped, that the initiative made by Maliki "unconstitutional" because the House of Representatives is "possesses the right proposing increases in the budget, not the government."
The al-Maliki had submitted to parliament last Monday, includes an increase of five billion dollars in 2008 budget to cover the work of strategic projects, achieve a kind of progress in the reconstruction process throughout Iraq, especially the education sector, which adversely affected because of the policies of the former regime, according to Maliki.
He adds helps told (Voices of Iraq) that "financial and administrative corruption a major barrier to be drawn to him, as the government exhausted the budget allocated for the period is 13 billion years, but no assurances from the hand of corruption there are many irregularities in this area."
His helped al-Maliki, saying that "it pointed out that the exchange would be within a five-year plan, but the government was not staying until the end of that period." He wondered "guarantee mechanism of the exchange after the away leg of this government and the advent of another government." He explained that the parliament is now working on a study which "guarantee the payment of such amount."
The presidency has been transmitted Parliament last Monday, al-Maliki's proposal to the Finance Committee in Parliament, in addition to the Committee on Economy and Investment Services Committee, to study the economic projects put forward by the government, and make appropriate recommendations around.
And contrary to legal expert Tariq Harb, MP helped al-Maliki on the constitutionality of the proposal, as it believes that the proposal was "OK with the Constitution" justified this by saying, "the law governing financial matters as stipulated by the Constitution, this application contains an additional budget, and therefore the power to approve this request be issued by the Law House of Representatives, especially since the justification of this demand is realistic rather than the existence of the amounts stated in the Budget Law, and must therefore determine the expenditure of these amounts Law. "
He adds that war Iraqi constitution "did not talk about the five-year plan, but its annual plan and the law of the budget is for one year only and does not extend to other years, but the parliament can decide that these amounts will be monitored for five years." He expressed his belief that that I do not think that these sums will be several years because the urgent need to jumpstart the economy of Iraq quickly disbursed during this fiscal year. "
He said the independent MP and former Minister of Planning Mahdi Al-Hafiz, the project made by Maliki of Parliament "is a program of parallel programmes Iraqi ministries, but it is carried out by the private sector and some government agencies that need arises for this."
He added Hafiz, in his speech to the Independent News Agency (Voices of Iraq) that "the important point in this project is to ensure that deficiencies are overcome gaps in the performance of the state, particularly the inability to implement its projects, at the same time, more than bureaucracy and red tape, which makes him the need Very badly. "
Hafiz described the programme as "extraordinary programme, aims at setting up strategic projects in many areas, particularly with regard to creating jobs and combating unemployment and repair infrastructure, including road repairs, bridges, ports and airports and upgrading services." He explained that these "are the priorities of work to be created."
He continued, speaking about Al-Hafiz guarantees the implementation of the project in light of talk about the existence of financial corruption that accompanied the earlier draft, that safeguards "are available through the strengthening of financial control, is that provide transparency and accountability and to prosecute any defects occur, and this is crucial to the success of this project, the success of this project is intimately Directly providing mechanisms that would fight corruption and provide safety performance. "
The Custodian of the amount demanded by al-Maliki to finance projects, "will be charged if the parliament's approval by oil revenues, but needed to monitor the amount greater than five billion." That justification that this project "is a prelude to the establishment of the Iraqi reconstruction, working in parallel to the Ministries of State."
A spokesman for the Iraqi government, said at the end of March last March, said that his government intends to issue a supplementary budget end of June next June to add the amount of five billion dollars for the 2008 budget amounting to 48 billion dollars, due to increased income in Iraq remained high prices of crude oil "
For his part, said economic expert Hossam Osama, that the main points that could be impounded on a proposal Maliki, "is that the budgets of 2006 and 2007, has won the large amounts of surplus hit 36 billion dollars, due to lack of absorptive capacity for projects all the ministries and governorates, To the extent that some of those bodies have not spent only 10% of the amounts allocated to them. "
A number of deputies, during the meeting held last Monday, expressed their reservations about the proposal Maliki, as stressed deputy coalition and leadership in the Supreme Islamic Council, Jalal Din Saghir, that "the Iraqi people deserve to have acted him large sums, but Parliament also need to be reassured . "
He adds Sam told (Voices of Iraq) that is concerned with economic affairs, "absorptive capacity available through devices capable of implementing such projects, because it is clear that many organs at the ministries were not eligible for the implementation of giant projects." This requires, according to Sam "Cadres capable of providing achievement and Cadres not capable of spending, because the increased value of five billion dollars on the budget could be a positive factor in the development of effective economic realities of production and management of the wheel again, subject to the availability of Cadres, or absorptive capacities of accomplishment . "
He disclosed that Osama Finance Ministry "has already demanded" by adding five billion dollars added benefits of the oil surplus, due to increased oil prices and obtain a surplus in the state budget. "Indicating that perhaps this is what al-Maliki to pay additional claims to investment projects, and hoped to contribute to this Increase "the development of the Iraqi economy needs to develop and comprehensive development."
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Spoke to Ali at Dinar Trade and he said rumor of freeze on NID is bs and he is getting more as we speak....wonder who's full of it?
Spoke to Ali at Dinar Trade and he said rumor of freeze on NID is bs and he is getting more as we speak....wonder who's full of it?
The Exchange Rate of Foreign Currency in Economic Feasibility Studies gooooooood read
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.
Spoke to Chase in Boca Raton and they said they can still get in a two day turn for $935 per M. She also said that she hadn't heard anything about a freeze....hmmmm then, confusion set in...lol
Hearing about a freeze in buying and selling NID at US banks including Chase, by the 16th of May....then resume business on it in a few days....I'm told that they are having meetings on it as we speak and I also heard that it could be the end for the 25k bills...FWIW...just being a parrot...lol
Announcement No.(1166)
D.G. of Foreign Exchange Control
The 1166 daily currency auction was held in the Central Bank of Iraq day Thuresday 2008/5/15 so the results were as follows :
Details Notes
Number of banks13-----
Auction price selling dinar / US $1199-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)47.210.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)47.210.000-----
Total offers for selling (US $)----------
A slight decline to buy the dollar at an auction the Central Bank of Iraq
BAGHDAD - Iraq votes 14 / 05 / 2008 at 14:59:33
Demand fell slightly to buy the dollar at an auction the Central Bank of Iraq at a meeting Wednesday, recording total volume of demand reached 134 million and 965 thousand dollars against 157 million and 795 thousand dollars at a meeting Tuesday.
The auction received a special bulletin of the Independent News Agency (Voices of Iraq) a copy of which was that "the demand distributed by 6 million and 935 thousand dollars in cash, 127 million and 760 thousand dollars in the form of remittances outside the country covered by the bank in full at a rate of 1200 dinars."
The bulletin "did not make any of the 16 banks participating in the auction offers to sell the dollar."
He said the Yasiri, one dealing with the auction told (Voices of Iraq) on Wednesday that "demand continues to decline despite high levels and great contrast to the beginning of the week's meeting, which was low and recorded declines in trading volumes; However, the rise during the last two meetings kept the borders of demand."
Yasiri pointed out that "the demand for cash under the same level unchanged and that is striking is the disappearance of auction sales presentations for the first time two weeks ago witnessed the meetings this week and last bids for auction sale."
He said economic expert, Dr. Juma Al-Ani (Voices of Iraq) that "voices rose in the recent period of criticism hardline policy of the Central Bank of Iraq and calls for the bank to abandon its policy of supporting the exchange rate of the dinar Iraqi without finding practical alternatives to absorb inflation and keep pace with the decline in world price of the dollar."
Ani added that"supporting the Iraqi dinar price at the expense of the U.S. dollar is a practical and balanced policy of far-reaching beyond the immediate absorption of inflation and extends to future years assuming that the Iraqi economy after the setbacks would be overcome significant economies in the region must be based on the strong local currency."
He explained, "if left things as they are for the most difficult economic conditions in the absence of effective local alternatives to imported at all levels."
The expert said the economic and industrial Sadiq Abdul Razzaq to "stabilize the exchange rate reflected a positive way to restore confidence to the Iraqi market and raise the value of trading in the auction through the roof of the high transfer outside the country against mass uptake of the local monetary market to offset the amount raised in government spending."
His sincere, "fluctuation in the exchange rate gives an unstable atmosphere and the image blurred on the feasibility of selling and conversion reason a lot of trading to wait and think before buying and selling and creating Save."
For his part, Uday between Shabib Rustum's banking office in Baghdad that "the U.S. dollar exchange rate amounted Stock Exchange today 1221,400 while the purchase price amounted to 1218 dinars."
He pointed out that the sale price of office hit 1225 dinars and the purchase price 1215 with a margin of five points higher and lower, explaining that the bourses Harthiya, witnessing an increasing struggle and Exchange Kazimiya average circulation.
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Political pressure to transfer Iraqi oil law to parliament before the end of this month
14-05-2008
Political pressure to transfer Iraqi oil law to parliament before the end of this month
Kurdistan province announced the discovery of oil fields reserve was two billion barrels
London: Mena Laaribi
After 15 months of the approval of the Iraqi Council of Ministers a draft law of Iraqi oil, remained at a standstill law. The Iraqi sources said that there are responsible political pressure Interior to sell oil bill in parliament before the end of this month to move the file, which is still teetering between different political blocs and differences the Iraqi Oil Ministry and the Kurdistan Regional Government. The efforts in Baghdad to involve the parliament in resolving the subject of oil whilst the Kurdistan region by announcing the discovery of oil fields with the oil reserve was two billion barrels. Sources close to the Iraqi oil file that there is a major issue obstacles to reaching agreement among various political factions, the first issue of contracting and contracting powers, and secondly, the nature of management of oil. While demanding the opening of the Kurdistan Alliance Management-oil private sector to develop it, you want to, inter alia, the Dawa Party and the Accord Front to keep making oil in central Baghdad and through the national oil company. An Iraqi official asked the Middle East non-disclosure of her identity, that there is political pressure to speed up the first reading of the bill in the House of Representatives. It is noteworthy that the issuance of petroleum law is an essential objective for the recovery of the Iraqi economy, which will discuss details at the meeting of the International Covenant with Iraq in Stockholm on May 29 (May) Sunday. He said the Iraqi deputy Fuad Massoum told Middle East that there is a semi-final return version of the bill in February (February) last agreed upon by all parties that participate in the government were timely, including Sadrist bloc and the existing Iraqi Accord Front, and ratified It . He added: We expect to discuss a draft law in Parliament this month and before the start of the parliamentary recess. The official source pointed out that the Iraqi government is trying to pay the petroleum industry forward through actions partial for the maintenance of the oil sector but not live up to the required level does not meet the need because of disruption of Iraqi petroleum law and the absence of a legal framework it. He added that the government was aware of the need to pass a law on oil to begin investing in the oil sector and its development.
It is noteworthy that Iraq is now a group of oil service contracts short-term value of each to about 500 million dollars. For its part, the Kurdistan Regional Government continue to make in the field of oil under the law of the Kurdish oil endorsed by the Kurdish Parliament summer 2007. The Minister of natural resources in the Kurdistan Regional Government Leste Horami last night «discovery of three new oil fields in the province down its reserves of up to two billion barrels. He added that the value of foreign investments in Kurdistan would be 10 billion dollars, and will be until the end of this year's completion of refineries card 40 thousand barrels a day, and work is under way to complete refineries others. As the minister pointed out to explore three new oil fields in Kurdistan working for the ministry, and expected to hit oil production in Kurdistan during the four or five years coming to a million barrels a day, thus reinforcing the general revenues of Iraq and Kurdistan by about 35 billion dollars. He stressed that the Attorney infallible Kurdistan Regional Government is not in isolation from Iraq and this income is part of general imports to Iraq. He said Horami front of the Kurdish Parliament: many in Baghdad want to cross the new law to delete those words contained in the articles and paragraphs of the Constitution and by the territorial Government whereby using its powers in the field of oil. The oil production actually began in the province after drilling the first wells in the region of Zakho in November (November) 2005 by the company De or that Norwegian. Middle East
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Experts : the Iraqi inflation is " real " and the declared decrease is just " an illusion "
BAGHDAD - Iraq votes 13 / 05 / 2008 at 23:32:14
Iraqis may economist alarm before the substantial rise in commodity prices, and described some of the figures stated low inflation rates as mere "They" For the purposes of "propaganda", adding that monetary policy did not come to fight fruit, but focused for a group of "speculators" because of lack of understanding Of the type of inflation in Iraq.
Economic researcher Hossam Osama describe figures and indicators of inflation in Iraq as "delusional" and said the Independent News Agency (Voices of Iraq) that "there are significant and imposed imaginary figures to reduce the so-called indicators of inflation in the country."
He noted that these figures ", two contradictory adopted in measuring indicators, namely: the Central Agency for Statistics and Information Technology, the Central Bank of Iraq."
He gives an example that Osama PCBS "says that the rate of inflation (17%), while the bank says it (12%) only."
His "but things on the ground say the high prices, without action CBE bear any effect on the reduction, or even identified, it ranged in place."
He attributed the economic researcher that the "basis of procedures the Central Bank, are believed to be firm, is more lenient in dealing with the market," believing that reducing the dollar Central "was in favour of traders, who not only few of them (speculators) forcibly seize the benefits of lower Rise in the dollar against the dinar, but increased prices of imported make the market movement in Iraq generally ravaged the ambitions of seminars and parasitic totals speculators in the market. "
He stressed the need Sam to be a "binding controls for those who benefit from the reduction in the dollar," believing that the central bank "totally neglected the follow-up procedures to reduce the dollar, traders need to commit certain price limits which weighs upon the consumer, and therefore does not call to drive the market Currently contexts random played its role in raising the wondrous indicators of inflation in the domestic market. "
For his part, the President of the Economic Studies Department (Institute of the Arab world),'s Mustansiriyah University in Baghdad, believed "the absence of a clear economic policy in Iraq," considering what is happening now is merely "a set of ideas will be applied."
He said Section Chief, Dr. Abdul Rahman told scenery (Voices of Iraq) that "each country's specific policy and action plans are mostly for the next five years or extend medium-(10 - 15) years, with paint developed countries for their economic and twenty five years to come."
The scene that "not having the Iraqi economy, representative branches in the financial, monetary, economic and clear approach led to a continuous rise in prices", pointing out that the Central Bank "to take a deflationary policy to reduce inflation."
He added that this approach was a "real fallacy, because of inflation in Iraq is real inflation, not considered critical as the Central Bank, which is due to increased demand for goods and services with a shortage of supply."
He pointed to insufficient local production "that does not constitute a significant proportion of demand for commodities in the market, while covering the demand through imported goods, which led to a global food crisis move quickly to the inside because of strong link between the Iraqi market and abroad, because most consumption Local imported goods. This means that inflation exists in Iraq is not inflation cash, but real. "
The economic expert said that everything pointed to him "a sign of the failure of monetary policy in the face of what inflation think critically, with reduced interest rates (18%), however, there has been no change in the rates of inflation, but the opposite happened, where inflation rates started to escalate, Contrary to the rumours that they fell to (17%), which is for the purpose of propaganda media. "
The scene shown on the view that the Central Bank "to take measurements of the year (1993) on the basis of comparisons with the rates of inflation last year, a measure is absolutely not true," and believes that the bank "has two choices, either to re-rate the base year, or adopt last year As a base. "
He attributed this "different ratios rates, as it in general (1993) basic materials involved in inflation rates differ from existing articles, as are the citizens is essential and timely access to foodstuffs, with an issue of access to oil derivatives (which constituted Only 3% of income) is the most important citizen today. "
The scene concludes by saying: "This means that those results declared invalid, and their objective information."
The teaching and economic researcher Ta `Hilal, sees the inflation" was in previous decades, but the kind currently disagree. "
He said Ta `l (Voices of Iraq) that inflation" was, in previous decades, inflation fully. B counted as a turning year's events (2003) and the openness of the Iraqi market to the outside, the kind known as a depression, where there is stagnation and inflation at the same time. "
The economic researcher shows that Iraq "is currently facing three types of inflation, I: increased aggregate demand for goods is very large, without a parallel with the presentation of insufficient domestic production to him, which led to resort to importing from abroad."
He adds "as well as an inflated cost, due to higher fuel prices due to enter Iraq in agreement with the IMF and World Bank."
The researcher that the third type of inflation, which obstruct the Iraqi economy now is "imported inflation, due to open its borders to foreign goods, and the abolition of customs tariffs and replaced by a tax called (ages fee) or (5%) only, which led to Goods entering poor "to the Iraqi markets.
He concluded by saying that Ta `modern" All these reasons combined, led to increased rates of inflation in Iraq, as we see now. "
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Global Oil Output To Peak In 2022; Iraq Potential Key - CGES
VIENNA -(Dow Jones)- Global crude oil production will reach its peak in 2022, but the decline in output could be stemmed if Iraq's production recovers, said Leo Drollas, chief economist of the London-based Centre for Global Energy Studies Tuesday.
CGES, which analyzes oil markets, says Iraq holds potential oil reserves of over 200 billion barrels, far greater than Iraqi government estimates of 113 billion barrels.
With adequate investment and stronger security infrastructure, Iraq could raise its oil production to 10 million barrels a day within five to 10 years, from the current 2.3 to 2.4 million barrels a day, Drollas said.
"The investments needed are actually not that big. They have giant onshore fields, which makes production cheap. The needed investment is $5,000 per peak day barrels. So, to increase the production by 5 million barrels, only $25 billion is needed," Drollas said.
The country would also need to open its borders to foreign investment before production levels could improve, he added.
Iraq's current production equates to some 3% of daily global demand, ranking the country as one of the world's biggest producers. Production ground to halt during the 2003 U.S.-led invasion.
That stoppage, and the uneven return of the industry in the following four years, has been one of the biggest disruptions to global oil supplies.
Group Web site: http://www.cges.co.uk
-By Flemming Hansen and Lananh Nguyen, Dow Jones Newswires; +44 (0)20-7842- 9479; lananh.nguyen@dowjones.com
(Hassan Hafidh contributed to this report.)
The discovery of three oil fields in Kurdistan is expected to achieve annual revenue for Iraq worth 35 billion dollars
Minister various Horami
13/05/2008 15:08 Horami announced Leste Minister of Natural Resources of the Kurdistan Regional Government discovery of three new oil fields in the province, expected to achieve additional annual revenue for Iraq worth 35 billion dollars.
He Horami about his expectations up that energy production in these fields within the next five years to one million barrels per day, adding that the oil contracts for the Kurdistan region will bring foreign investment to the province valued at 10 billion dollars.
Alhorami statement came during his presentation of the report and his cabinet to the parliament of Kurdistan on oil contracts and the outcome of recent talks between the delegation of Kurdistan province with the central government in Baghdad on the problem of oil contracts.
وبهذا الصدد قال هورامي إنه بموجب الاتفاق الثلاثي بين رئيس الجمهورية جلال الطالباني ورئيس الوزراء نوري المالكي ورئيس الإقليم مسعود بارزاني فإن جميع المسائل المصيرية المتعلقة بالنفط من تقسيم الموارد واعادة هيكلة وزارة النفط يجب أن تكون وفق اتفاقات تستند الى الدستور. In this regard Horami said that under the tripartite agreement between President Jalal Talabani and Prime Minister Nouri al-Maliki and Masoud Barzani, President of the Territory, all crucial issues concerning the division of oil resources and the restructuring of the Ministry of Oil must be in accordance with agreements based on the Constitution.
وجدد هورامي قوله إن عقود النفط في الإقليم والموقعة مع عدد من الشركات العالمية تتطابق مع الدستور العراقي والمعايير الدولية، مشيرا إلى أن حكومة كردستان كانت المبادرة في البدء بمحادثات مع المركز لتلافي الخلافات حسب قوله. He renewed Horami saying that the oil contracts in the Territory and signed with a number of international companies coincide with the Iraqi Constitution and international standards, pointing out that the Kurdistan Government initiative was to start talks with the Centre to avoid differences, he said.
واتهم هورامي اشخاصا في بغداد دون تسميتهم بالسعي إلى إلغاء نصوص ومواد دستورية تجيز للإقليم حقه في الاستثمار النفطي من خلال تعديلات مقترحة على الدستور. He accused persons Horami in Baghdad without seeking to abolish nominated texts and materials constitutionality of allowing the territory the right to invest oil through the proposed amendments to the Constitution.
مراسل "راديو سوا" في دهوك خوشناف جميل والتقرير التالي: Correspondent of "Radio Sawa" in Dahuk Khoshnav beautiful and the following report:
IIF Bambaboo--Received Oil and Gas Law..awaiting receipt of remaining laws
5-13-08
Al-Attiyah discussed in three meetings the political and economic conditions in the country
Called on the United Nations to discuss Article 140 with minority representatives, the Executive Committee
BAGHDAD - Al Sabah
Sheikh Khalid Al-Attiyah discussed the First Deputy Speaker of Parliament, with Finance Minister Baqir Jabr Al-Zubaidi, and the Ambassador of the European Union mission in Iraq, political advisor to the United Nations mission, both in private, a series of political and economic issues
Zubaidi has discussed with the usual prior to the meeting of the Board, which will host the Prime Minister and Minister of Finance, strategic projects expected to proceed this year, which the government has allocated an amount of five billion dollars from what was adopted in the budget in 2008.
On the other hand, Al-Attiyah yesterday received the Ambassador of the European Union mission to Iraq Ilkka Stalinist, and ran on the most important developments taking place in the political arena.
He reviewed the statement received by the Attorney "Sabah" yesterday a copy of it, the most important stages throughout the district councils election law because it is one of the important laws that preserve the democratic system in Iraq.
For his part, the ambassador stressed the need to accelerate the process of reconstructing Iraq in parallel with the security file, which witnessed a tangible improvement. . It was another statement, said Sheik Khalid al-Attiyah discussed with the First Deputy Paulus Stesfagiorgis political advisor to the United Nations, Mohammed Ghanam Legal Counsel of the mission, the activity of the United Nations regarding the disputed areas.
The Legal Counsel said: "The United Nations started in the areas of Aqrah, Hamdaniya and drunk and Mandali start of their work, and the work of the United Nations is limited to making recommendations and views to the government, stressing that the final decision is for the government.
The United Nations has visited four regions and each has a comprehensive review of laws and resolutions issued by the Iraqi state of the year 1920 in addition to the audit of all official population statistics for Iraq for the purpose of gathering details of these areas and presented to the government, which is the decision in this regard.
For his part, Al-Attiyah welcomed these steps, stressing the need to meet with representatives of minorities and the Committee for the follow-up article (140) in the House and inform them of the most important developments in this matter, to determine the feasibility of the United Nations take advantage of them to clarify some things as the Commission on this matter.
With regard to laws and legislation that is awaiting the parliament, Sheikh Khaled al-Attiyah Turning to the important laws that are necessary to build a new political system, including oil and gas law, noting that the law of oil and gas is linked to three other laws are (National Oil Company and the Ministry of Oil and the law of distribution of financial resources) At the same time explaining that he "did not go to the House of Representatives only the law of oil and gas and we are awaiting the receipt of the remaining laws to make it clear before the parliament for ratification."
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Bambaboo
Sounds like they are trying to kill two birds with one stone
Translation of auction comments:"The support as long as leaning on an enough cash cover, it will not represent those economic losses if what a decrease associated in the inflation level, Since that the economic reform policy if it moves by two parallel trends they are drawing the inflation and the support of the currency exchange rate it will lead to making the currency with a high purchasing power in the inside and with a moral value of the Iraqi individual a condition that the support does not move by increasing steps".
US Urges Backing for Resolution
The US and its allies today asked the UN security council to approve a resolution lifting 12-year-old sanctions on Iraq and giving them control over the country's oil revenue.
US ambassador John Negroponte officially introduced the eight-page resolution in a closed meeting of council members. It envisions the US and Britain running the country as "occupying powers" for at least a year, and probably much longer.
The resolution would also give them control over Iraq's oil money to finance the country's reconstruction. The UN would be limited to a largely advisory role.
Washington's vision is at odds with that of several security council members, particularly Russia and France. They have proposed an alternate plan that would only suspend sanctions until a legitimate Iraqi government is established.
Sergey Lavrov, Russia's UN ambassador, said that Moscow has "a long list" of questions. However, Chile welcomed the resolution, and Angola's UN envoy, Ismael Abraao Gaspar Martins, called it a "good start".
Members have until June 3, when the current six-month phase of the oil-for-food scheme expires, to decide how to respond. It has been reaching up to 90% of Iraq's 24 million people.
"Our view is that it's desirable to have this resolution passed as soon as possible, that the June 3 deadline for the expiry of the oil-for-food program is in fact very much the outer limit," Mr Negroponte said.
The resolution would lift economic and trade sanctions imposed on Saddam Hussein's government after its 1990 invasion of Kuwait, and phase out the oil-for-food program, which was instituted in 1996 to help ordinary Iraqis cope with the embargoes.
Money from oil sales would be used for humanitarian goods, reconstruction, civil administration and the continued disarmament of Iraq. An arms embargo would be maintained.
Lifting sanctions immediately and phasing out oil-for-food over four months will take Iraq's oil wealth out of the hands of the UN and put it under the control of Washington and London.
The Bush administration is counting on approval from Russia, France, China and Germany, who had the strongest anti-war position in the 15-member council, with officials saying there was little enthusiasm for another bruising fight between the powers.
Russia, as well as France, has called for a central role for the UN and the return of UN arms inspectors, which the US opposes. But whether either country would threaten a veto is uncertain, as they may not be able to count on support among temporary council members who backed them in opposing the war.
The resolution would also endorse the authority of the US and Britain to govern Iraq, and it appears to foresee a lengthy stay. It notes that Washington and London sent a letter to the council president yesterday recognizing their responsibilities and obligations under international law "as occupying powers".
The letter marks the first time that the US has referred to its role in Iraq as an "occupying power," a status governed by the Geneva Conventions that would entail wide-ranging responsibilities to look after the Iraqi people. Until now, the US has avoided the term, calling itself a "liberating force".
Under the proposal, the 12-month initial authorization for the US and British "authority" in Iraq would be renewed automatically, unless the security council decided otherwise.
Since the US and Britain have veto powers, they could block any attempt to get them to leave Iraq, which is likely to be deemed unacceptable by other council members.
By Guardian Unlimited © Copyright Guardian Newspapers 2008
Published: 5/12/2008
http://www.buzzle.com/articles/195004.html
Announcement No.(1164)
D.G. of Foreign Exchange Control
The 1164 daily currency auction was held in the Central Bank of Iraq day Tuesday 2008/5/13 so the results were as follows :
Details Notes
Number of banks16-----
Auction price selling dinar / US $1200-----
Auction price buying dinar / US $1198-----
Amount sold at auction price (US $)157.795.000-----
Amount purchased at Auction price (US $) 1.200.000
Total offers for buying (US $)157.795.000-----
Total offers for selling (US $)1.200.000-----
Sources reveal the unexpected visit of Bush to Baghdad
Political one: Al-Maliki: the country on the verge of a huge strategic projects
Sources reveal the unexpected visit of Bush to Baghdad and the signing of the agreement to end the crisis of Sadr City and Mosul continuing operations successfully Remarkable
BAGHDAD - Al Sabah
Among other strategic projects were put forward by Prime Minister Nouri al-Maliki to Parliament yesterday, supported by a large body presidency of the Chamber of Deputies and members
These developments came hours before the signing of the agreement to end the crisis of Sadr City, and supported by the government, with the simultaneous entry of Mosul fourth day of unprecedented success, despite the fact that these operations are not a battle ahead of the expected confirmation by the Prime Minister yesterday.
Amidst this photo, parliamentary sources informed that next week will see discussions between political leaders and U.S. President George W. Bush, during a visit expected to resort to Baghdad.
http://www.alsabaah.com/paper.php?source=Find
sweeeeeet. Economic Adviser to the Prime Minister: the central bank would reduce the hardline policies
BAGHDAD - Iraq votes 13 / 05 / 2008 at 03:46:14
The economists are Iraqis, including an economic advisor to Prime Minister Nouri al-Maliki, on Monday, the Central Bank to abandon its adoption of tight monetary policies, because of their negative impact on the national economy., by changing the value of the real exchange rate of dinar and causing a deficit in the general budget.
He said Abdul-Hussein Al-Anbuge, economic advisor to the Prime Minister, before the specialized symposium held in Baghdad on Monday, under the banner of (economic and financial reform and reconstruction in Iraq), that "actions at the Central Bank of hardline Iraqi currency to reduce the mass and raising the rate of disbursement, led to results Damaging the Iraqi economy a whole. "
The Al-Anbuge, during his research entitled (the effects of tight monetary policy ... How long?) In the symposium, that "that the Central Bank of attempts to raise the value of the dinar, changed the value in the market, which led to a decline in the value of resources Oil resident dinars. "
He added that "reflected negatively on increasing the rate of disability, in addition to the resurgence of the economy rental, because the high value of the dinar led to a dependence on imported more industries, which seem cheap imported goods for the Iraqi consumer."
The economic expert, "Despite high oil prices, but the truth is that the economic cycle has become ends in outside diameter," considering that the beneficiary of the rising Iraqi currency "are the ones who remit their profits at home abroad, and not vice versa."
He said Al-Anbuge that monetary policy "did not address the phenomenon of inflation, as demonstrated by the rise of imported goods whose prices have increased because of higher oil prices globally," stressing the importance of monetary policy to be "neutral if were not able to cope with fiscal policy, reduce the gap with inconsistencies Between them. "
Rehn called Ahmed, Deputy Governor of the Central Bank, economists Iraqis to "re-examine the causes of inflation," considering increasing government spending, "one of its main causes, because the expansion of spending is not offset by an increase in production."
Rehn said "For example: How Iraq needs of cement, and how he can produce."
He called on Deputy Governor of Central Bank not to be "load bank unit responsible for what is happening in the Iraqi economy," pointing out that the central lift interest rates to control the volume of cash "that led to bank deposits comes to it, without lending to the private sector."
He pointed out that Rehn (93%) of deposits in the Central Bank "comes from a bank: the Rafidain and Rasheed Gumian", he wondered, "Why does not the government directed banks to lend, rather than deposit the funds in the Central Bank to maximize profits ..?."
A financial expert, Majid image on this last speech by saying that he "does not desired results of the exchange rate to float the dollar, since that will ensure that interest rates will rise to more than the day."
The image that everyone "focus on how to solve immediate problems, namely how to develop the financial process, pressure on the state in order of preference the production process on trade, and finding solutions to reduce unemployment."
But the president of the Economics Department at Mustansiriyah University, Ahmed Al Wazzan expressed his optimism about the economic situation, and said that "groping for the first time in Iraq, the features of the building fiscal and monetary policy after it was everything but the state only."
Wazzan said that the problem of the Iraqi economy "that is still held OWN government control over all the joints," adding that "the time of parental care has ended, and it is time for action, according to indications of the market."
The punitive Hamid, Chairman of the Businessmen Association, that Iraq "stands in front of the economic situation is difficult and very delicate, but it has the ingredients necessary to fill an important position globally."
He agreed with the view of the punitive-Wazzan, the importance of the emergence of the economy "parental care," but he believed that the best solution to the current Iraq situation is "making a mix of cooperation between public and private sectors, and this will not be through investment laws, but also to Improving infrastructure, focusing on the development of human skills and development and introduction of modern technology at work. "
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Ministry of oil to sign more oil contracts as revenue grows to $100bn
--------------------------------------------------------------------------------
Noozz Editorial
May 12 2008
Iraq's ministry of oil has prepared a plan to increase the oil production capacity of fields throughout the country through the signing of development contracts.
The contract will be in line with the requirements of the oil and gas law so work may start as soon as this law is sanctioned by Iraq's parliament.
The ministry believes Iraq's oil revenues will range from $90 to $100 billion in 2008. An official source in the oil ministry has told Al-Sabah newspaper that the ministry is in the process of signing service contracts with a number of international oil companies specialised in field development. He added that Iraq has a large oil reserve estimated at more than 115 billion barrels.
The ministry will develop oil fields in the south and the north, including the Kirkuk fields, via service contracts with international companies.
The ministry does not wish to sign partnership agreements, or revenue sharing agreements on the oil withdrawal. Rather allowing foreign companies to get involved in the technical development that is required. Iraq’s oil policy being that any revenues drawn from the natural resource will be for ‘Iraqi people’.
http://www.noozz.com/Iraq/ViewArticl...ticleId=286414
Prime Minister: Iraq witnessing significant political progress
BAGHDAD - Al Sabah
The Prime Minister Nuri al-Maliki that Iraq is witnessing today a significant political progress, calling for support for Baghdad to get rid of international sanctions and exit from the Section VII. The Prime Minister said: that the country is witnessing in furtherance of granting freedoms for all
ابنائه دون تمييز وهو عكس ما كان يشهده في زمن النظام السابق من تسلط واضطهاد وكبت للحريات، وان صورة الحرية والديمقراطية للعراق الجديد بدأت تتضح ملامحها وتنعكس على واقع العمل في ميادين الاعلام والثقافة والفنون ومنظمات المجتمع المدني وتابع خلال استقبال عدد من اعضاء البرلمان البريطاني من مجموعة اصدقاء العراق في حزب العمال البريطاني، "اننا نعمل على اشاعة ثقافة بناء الدولة وتثبيت سلطة القانون ومحاربة كل من يهدد امن المواطنين، وان مواجهتنا للارهابيين والعصابات تعد نقلة كبيرة في طريق العملية السياسية ومستوى اداء قواتنا الامنية، ويعطي ضمانات اكيدة لحماية الدستور والتجربة الديمقراطية".وطالب السيد المالكي بحسب بيان تلقت"الصباح"امس نسخة منه، بدعم العراق في التخلص من العقوبات الدولية والخروج من البند السابع وما ترتب عنه بسبب سياسة النظام السابق الطائشة، لافتا الى ان العراق الجديد لم يعد يحكمه دكتاتور ويرفض ان تكون اراضيه منطلقا للارهاب أو ممرا لالحاق الاذى بجيرانه وعموم دول المنطقة. Its citizens without discrimination which is contrary to what was happening at a time of the former regime from power and the persecution and repression of freedoms, and the image of freedom and democracy to Iraq started to become clear the new features and reflected the realities of working in the fields of Information and Culture, Arts and civil society organizations and continued through the reception of a number of members British Parliament from the Group of Friends of Iraq in the British Labour Party, "We are working to promote a culture of building and installing the rule of law and fighting threatens the security of all citizens, and our response to terrorists and bandits are big leap in the way of political process and the performance level of our security forces, and gives Firm guarantees for the protection of the Constitution and the democratic experiment. "Demanded Mr. al-Maliki, according to a statement received" Sabah "yesterday a copy of it, with the support of Iraq to get rid of international sanctions and exit from the Section VII and the consequent him because of misguided policy of the former regime, pointing out that the new Iraq did not Is governed by a dictator and refuses to be the springboard of its territory for terrorism or a conduit to harm its neighbors and the wider region's countries. ودعا الشركات البريطانية للاستثمار في العراق والمساهمة في مشاريع البناء والاعمار وتطوير الاقتصاد العراقي.من جهته جدد وفد البرلمان البريطاني دعمه للحكومة ومساندتها في كل ما تبذله من اجل تحقيق الامن والاستقرار في العراق وتطبيق القانون واحترام الدستور وسيادة الدولة، والوقوف الى جانبها في انجاز المشاريع الاقتصادية والعمرانية. He called on British companies to invest in Iraq and to contribute to construction projects, reconstruction and development of the Iraqi economy. For his part, renewed the delegation of the British parliament to support the Government and support in all efforts to achieve security and stability in Iraq and the application of law and respect for the Constitution and state sovereignty, and to stand by Completion of projects of economic and physical.
Oil and gas law .... إشكاليات وملاحظات Problems and observations
Shamkhi Faraj al
Sent to the law of many criticisms and observations are justified on the basis of solid and sound and the other came for political reasons and economic attributable to the unfriendly attitudes of the change that happened in Iraq
ندرج فيما يلي اهم الاشكاليات والملاحظات التي وردت في مسودة قانون النفط والغاز هادفين من وراء ذكرها اغناء الحوار والنقاش الدائر واخراج القانون بصيغته النهائية اكثر قبولا لعموم الشعب العراقي ، فعندما نبدي الحديث عن تضارب الاهداف ، فقد حاول قانون النفط والغاز معالجة عدد من الامور التي لم ترد واضحة في الدستور او التي لم تكن مألوفة على المشهد العراقي النفطي ما تسبب في جدل كبير بين المعنيين لم يتوقف لحد تاريخه وقد تبلور نتيجة هذا الجدل موقفان متباينان احدهما يظهر الحاجة الكبيرة الى احداث تغييرات مهمة في السياسة النفطية تسرع بحصول زيادة كبيرة في الانتاج والتصدير للنهوض بالواقع الاقتصادي المتدهور وثانيهما هو الرغبة الشديدة في تحقيق سيطرة وطنية تامةعلى مجمل العمليات النفطية وبالخصوص على نشاطات التنقيب والتطوير وانتاج النفط والغاز. Include the following main problems and observations contained in a draft law aimed oil and gas from behind mentioned enrich the dialogue and debate and bring the law in final form more acceptable to the general Iraqi people, when we talk about the conflicting goals, the law has attempted to oil and gas deal with a number of things that have not responded Clear in the Constitution or were not familiar scene on the Iraqi oil is causing much controversy among those concerned did not stop reducing its history have crystallized the outcome of this debate their differing positions, one showing the great need to bring about significant changes in oil policy RUSH obtaining a substantial increase in production and export for the Advancement of reality Economic decline and the second is the strong desire to achieve control of national oil Tamhali overall operations and in particular on the activities of exploration, development and production of oil and gas.
واذا ما اريد لعملية التشريع ان تحصل باسرع وقت فأن التوفيق مابين الاتجاهين يبدو امرا لا بد منه ، اضافة الى انه عندما تقرأ القانون تجد عدم وضوح العلاقة بين المركز والأقاليم والمحافظات فبالرغم من ان النسخة الحالية للقانون قد قدمت صورة اكثر وضوحا من الدستورفي علاقة المركز متمثلا بالحكومة الاتحادية ووزارة النفط والمجلس الاتحادي بالاقليم والمحافظات الا انها لم تنجح بوضع آلية دقيقة وصريحة لتحديد المسؤوليات والصلاحيات ولجأت في بعض النصوص شأنها في ذلك شأن الدستور الى اعتماد صيغ توفيقية اشارت الى التنسيق والتشاور دون اعتماد صيغ قانونية واضحة ملزمة للاطراف. If the legislative process to obtain as soon as the conciliation between the directions seemed inevitable, adding that when you read the law finds no clear relationship between the centre and the regions and governorates, although the current version of the law had provided a clearer picture of the relationship Aldstorvi Centre represented the government The Federal Ministry of Oil and the Federal Territory and the provinces but did not succeed to develop precise and explicit delineation of responsibilities and powers resorted in some texts like the Constitution to adopt the compromise formulas referring to coordination and consultation without adopting formulas clear legal binding on the parties. وقد يكون ذلك مقصودا لمعالجة اشكالات في المواقف لبعض الاطراف ولكنه سيشكل وكما هوواضح الآن مشكلة كبيرة عند تطبيق القانون . This may be intended to address problems in the positions of some parties, but will also Hoadh now a big problem when applying the law.
اضافة الى الخلاف مع السياق العام ، من حيث اشكالية الخلاف بين ما جاء في القانون مع ما هو وارد في الدستور خصوصا فيما يتعلق بملكية الموارد الطبيعية و صلاحيات الاقليم ، اضف الى ماتقدم الاشكالية مع التشريعات النفطية القائمة وسياقات العمل المتعارف عليها واهمية التغيير في المفاهيم ليتناسب ذلك مع الفكر الاقتصادي الجديد ، واخيراً الاشكالية مع المفهوم العام لدور الدولة في ادارة الموارد وخصوصا النفط كونه يمثل عصب الحياة لعموم الشعب العراقي. In addition to disagreement with the general context, in terms of problematic difference between what the law with what is contained in the Constitution, especially with regard to ownership of natural resources and powers of the province, as well as to submit problem with the existing legislation oil and contexts of action recognized the importance of the change in perceptions to fit this With the new economic thinking, and finally problem with the general concept of the state's role in the management of resources, especially oil because it represents a lifeline for the All Iraqi people.
بينما نجد النقطة الجديدة هي الصلاحيات غير المتوازنة ، فقد اعطى القانون الحق لشركة النفط الوطنية في التوقيع على عقود التنقيب والانتاج من خلال شركاتها في المحافظات غير المنضوية في اقليم وحرم هذه المحافظات من اتخاذ قراراتها بخصوص تطوير مصادرها الهيدروكربونية. While the new point is the unbalanced powers, the law gave the right of the National Oil Company in signing contracts for exploration and production through its companies in other provinces Länder in the territory and denied these provinces to take decisions regarding the development of hydrocarbon sources. ويمكن ان يؤدي ذلك الى انعكاسات سلبية على المحافظات غير التابعة الى اقليم خصوصا المحافظات غير المنتجة التي لا توجد فيها شركات تابعة للنفط الوطنية . This could lead to negative repercussions on the provinces to the territory of non-producing provinces, especially where there are no companies belonging to the oil corporations. وعليه تقتضي المعالجة بما يحقق توازنا ما بين القرار المركزي من ناحية وما بين المحافظات جميعها سواء كانت منتجة او غير منتجة للنفط ، ويعتقد البعض أن القانون قد ذهب ابعد من الدستور في اعطاء الصلاحيات والمسؤوليات الى الحكومةالاتحادية وافترض بأن المحافظات قد تخلت بمحض ارادتها عن بعض حقوقها الدستورية الى الحكومة الاتحادية تحت افتراض تعظيم المردود المالي للجميع ، ولذلك يفسر البعض ان التركيز في القانون على ملكية وعائدية الموارد النفطية الى الشعب العراقي وفق ما جاء في المادة 111 من الدستورانما قصد منه عدم الفصل ما بين الملكية والسيطرة على الثروة النفطية من قبل المركزرغبة في تعظيم الفائدة لكل الشعب العراقي. It needs to be addressed so as to achieve a balance between resolution of the central hand and between all departments, whether productive or unproductive oil, and some believe that the law had gone beyond the constitution to give the powers and responsibilities to Aovernmhalachade I suppose that the provinces had freely given up their constitutional rights of some To the Federal Government under the assumption that maximize the financial benefits for all, therefore interpreted by some that focus on the law on the ownership and the ownership of oil resources to the Iraqi people as stated in Article 111 of Aldstoranma intended to lack of separation between ownership and control of oil wealth by Antrzrgbh interest in maximizing Each Iraqi people. ومن هنا حصل الخلاف في المواقف بين المركز والاقليم اذ تفسرالاطراف الخارجة عن مركز السيطرة بانها التحكم ولربما الادارة وهو ما لا يتناسب وفقرات اخرى وردت في الدستور ولم يأت ذكرها في قانون النفط والغاز.الاشكاليات والملاحظات على القانون ، ويشير القانون في اهدافه الى سيطرة الحكومة على المصادر الهيدروكربونية وادارتها بما يضمن التوزيع العادل للموارد على الشعب ويشير المنتقدون ان القانون قد اشار في اكثر من موقع الى وضع المفاصل المهمة من العملية النفطية بيد المؤوسسات الفدرالية .وهكذا يقول هؤلاء بان القانون قد يستخدم لتفضيل منطقة على اخرى خلافا لما اريد به. It happened here the difference in attitudes between the Centre and the Territory since Tvsralatrav beyond the control centre as a control and possibly management, which does not suit the other paragraphs contained in the Constitution did not mention the law of oil and gas. Problems and observations on the law, the law refers to the objectives of government control over sources Hydrocarbons and management to ensure equitable distribution of resources on the people and that the law refers Critics have pointed out on more than one location to develop arthritis task of the process, however, oil Almaussat federation. Thus, the law says those that might be used to prefer one region over another, contrary to what I want it.
في حين يشير القانون الى ملاحظة اخرى هي التنظيم الاداري ، حيث اقترح القانون اجراءات ادارية صعبة وقد يصفها البعض معقدة وطويلة في ادارة القطاع ومنح تراخيص الانتاج لتشمل سلسلة من مراجع القرارمثل المجالس الثلاثة والنفط الوطنية والهيئة الاقليمية ما يطيل و قد يعطل عملية اتخاذ القرار ويقلص من فاعلية الاجراءات والخطط الموضوعة لتنفيذ برنامج انتاجي طموح ، وبالرغم من ان القانون قد اشار بالتفصيل الى الصلاحيات والمسؤوليات في اتخاذ القرار لكن كثيرا من الامور قد وردت متشابكة بعضها بالبعض الآخر .وكمثال على ذلك ان عددا من هذه الجهات مسؤولة في نفس الوقت عن تأهيل الشركات والموافقة على خطط الانتاج والتمويل .و بذا يمكن القول بان مسألة الفصل في المسؤوليات والصلاحيات وكما ذكرها القانون غير واضحة المعالم وقد يؤدي ذلك حسب رأي بعض منتقدي القانون الى ضياع السيطرة وفتح المجال لاساءة الاستخدام والصراعات التي قد تنتج عن ذلك ، ومع كل هذه التشابكات تظل الحكومة الفدرالية صاحبة اليد العليا في التوصية بالتشريعات واقرار السياسة الاتحادية والاشراف على التطبيق والعمل ووضع التعليمات ويعتبرالكثيرون بان المجلس الاتحادي هو يد الحكومة الفدرالية في تطبيق ما ورد في القانون من صلاحيات الاستثمارات الاجنبية ، لازالت تمثل نقطة مهمة ، فمن الامور التي سببت ولا تزال تسبب جدلا كبيرا ليس فقط بين السياسيين وانما ايضا بين المختصين هو موضوع مدى الحاجة الى الاستثمارات الاجنبية وما هي صيغ التعاون والتعامل مع هذه الاستثمارات،وبالرغم من اقرار الجميع بان الواقع الحالي للصناعة النفطية العراقية لا يؤهلها للقيام بالمهام المطلوبة منها سواء أ كان ذلك للاستمرار بمعدلات الانتاج الحالية او زيادتها بما يتلاءم وامكانيات العراق النفطية وما هو متوقع منها لدعم الاقتصاد الوطني والحاجة الكبيرة لتكنولوجيا متطورة ورأس مال مقتدر وادارة كفء ،الا ان الخوف من رأس المال الاجنبي و من تجربة الانفتاح الاقتصادي ومرارة التجربة السابقة مع شركات النفط العالمية والدعوة بالمحافظة على الثروة الوطنية وعدم تبذيرها قد تسبب في تباين المواقف من القانون وتأخر صدوره. While the law refers to the observation that is the administrative organization, where the proposed law was a difficult administrative procedures described in some complex and lengthy in the sector management and licensing production to include a series of Literature Alaqrarmthel three councils and the National Oil regional body and prolongs the process may hinder the decision-making and reduces the effectiveness of Procedures and plans to implement an ambitious programme of production, although the law had referred in detail to the powers and responsibilities in the decision-making but many things have been intertwined each other. As an example, a number of these bodies responsible at the same time on the rehabilitation of companies and approval of plans Production and finance. And thus could be argued that the issue of separation of powers and responsibilities, as stated by law is not clear-cut may lead according to some critics of the law to a loss of control and opening the door to misuse and conflicts that may result from, with all these Entangles remain the federal government's hands Supreme recommend legislation, adoption of federal policy and overseeing the application and work and develop instructions and Iatbralktheron that the Federal Council is in the hands of the Federal Government as stated in the application of the law of the powers of foreign investment, is still a very important point, it matters that have caused and still cause a sensation and not only among politicians But also among specialists is the subject of the need for foreign investments and what are the formulas of cooperation and deal with these investments, despite the adoption of everyone that the present reality of the Iraqi oil industry does not qualify for the tasks required of them, whether that was a continuation of current production rates or increase consistent with the possibilities of Iraq Oil and what is expected of them to support the national economy and the great need for sophisticated technology and capital capable and efficient management, but the fear of foreign capital and experience of economic openness and bitterness of past experience with international oil companies and advocate the preservation of national wealth and not waste had caused the divergence of attitudes The law passed late. كما اشير اليه سابقا فان القانون بالرغم من دعوته لتشجيع الاستثمارات الاجنبية الا انه في الوقت نفسه لا يريد اضاعة السيطرة الوطنية على الموارد الطبيعية.وقد اورد المشرع الكثير من التقييدات التي اثارت النقد حول تضييق المجال على المستثمرين خصوصا اذا مااخذ في الاعتبار الظرف الامني والاستثماري في العراق وتجربة الشركات النفطية السابقة الخاصة بالتأميم. As noted previously, the law despite his call to encourage foreign investment but at the same time he does not want to miss the national control over natural resources. Legislator has included many of the restrictions, which aroused criticism about narrowing the field to investors, especially if Maakz into account the security situation and investment in Iraq The experience of private oil companies prior to nationalization.
وان وضع شروط كثيرة ومعقدة على المستثمر يقلق هؤلاء من احتمالية رفض عقودهم حتى ولو حادت قليلا عن هذه الشروط والطلبات البيئية والانتاجية والماليةوالتشغيلية الكثيرة. The conditions are many and complex investor worry of these potential rejection of their contracts, even slightly deviated from these conditions and environmental applications, productivity and Almalihoalchgul many. لذلك يفترض ان يعطي القانون بعض المرونات المحسوبة لتتناسب والمحددات الكثيرة التي جاءت ولكي تزيل المبررات التي قد يستخدمها المجلس الاتحادي في رفض بعض العقود النفطية بدعوى عدم الالتزام حتى لو كان الخلاف التعاقدي بسيطا حسب قول هؤلاء. Therefore assumed that the law gives some flexibilities calculated to suit the determinants and many came to remove the justifications may be used by the Federal Council in the refusal of some oil contracts pretext of lack of commitment even if it was a simple contractual dispute, according to those.
وهناك من ينتقد الدور الكبير الذي منحه القانون لشركة النفط الوطنية كونها شركة فتية ولا يمكنها تنفيذ مسؤولياتها وخطط التطويربالسرعة وبالحجم الذي يحتاجه البلد وصناعة النفط فيه من ثورة ادارية وصناعية ضخمة.كذلك فان اعطاء الحق للشركة الوطنية باجراء المناقصات والتعاقد والمشاركة في المناقصات التي تعلنها الجهات الاخرى ولكونها عضواً في المجلس الاتحادي الذي يقرر هذه المناقصات قد جعل منها كما يقولون "المُنظٍم والمنظًِم" .وتشير الادبيات وتجارب العالم النفطي الى ان هناك العديد من صيغ التعاقدات النفطية لكن ما ورد في القانون من تفاصيل واحكام قد اظهرت ميلا الى صيغة المشاركة بالانتاج بالرغم من عدم الاعلان عن ذلك بصورة صريحة . There are those who criticize the great role of law to grant the National Oil Company as a young company can not implement its plans Alttaiwirbalsrah and size needed by the country's oil industry and its administrative and industrial revolution huge. Also, given the right of national companies to conduct bidding and contracting and participate in the tenders announced by other actors and being Member of the Federal Council, which decides such tenders have made it, as they say "the systematic and orderly." The literature and experiences of oil to the world that there are many versions of oil contracts, but what the law and the provisions of the details have shown a tendency to form part of production although no announcement It explicitly. وقد استغل كثيرون هذا الامر ليصبوا جام غضبهم على القانون وليتهموا الدولة بانها تفرط في تبذير الثروة الوطنية وضياع مصالح الشعب. Many have used this issue to aspire Jam angry with the law and accuse the state as excessive waste of national wealth and the loss of the interests of the people. وعلى الرغم من ان القانون كان مرنا في اتباع صيغ تعاقدية متنوعة مثل عقود الخدمة او الشركة المشتركة وما بينهما من صياغات الا ان التركيز في القانون اعتمد صيغة هجين ما بين عقود المشاركة التي يعارضها الكثيرون والنموذج الايراني المسمى اعادة الشراء الذي اثبت عدم نجاحه. In spite of that law was flexible in a variety of formats, such as contractual service contracts or joint venture and two of the formulations but the focus of the law was adopted formula hybrid between contracts, which involved many people and goes against the Iranian model called the buy-back who proved not to success.
اما من حيث المواقف السياسية من القانون ، فان الجدل الدائر حول قانون النفط والغاز قد بدأ اصلا من المعتقد بان الحرب على العراق كانت كلها من اجل النفط ، ولذلك فان متبني هذا التوجه يعتقدون بان اية صياغة للقانون مشجعة للاستثمارات الاجنبية تحت الاحتلال تعتبر تعزيزا لوجهة النظرهذه المتمثلة في نهب الثروة الوطنية وتمكين الشركات النفطية من وضع اليد على مصادر العراق النفطية. In terms of the political positions of the law, the debate surrounding the law of oil and gas had already begun belief that the war on Iraq were all for oil, so the sponsors of this tendency to believe that any formulation of the law encouraging foreign investments under occupation is in furtherance of the point of Alnzerhzh The looting of national wealth and to enable oil companies to lay hands on Iraqi oil sources. وعلى هذا الاساس فان موقفهم من القانون لن يتغير مهما كانت صياغات القانون وشكله ، وبسبب شدة وكبرالحملة التي قام بها المناوئون لهذا القانون انظمت اليهم بعض الاطراف عن قصد او غير قصد مدفوعا البعض منها بمصالح اجنبية لا تريد لنفط العراق ان يكون فاعلا ومنافسا في السوق النفطية . On this basis, the position of the law will not change no matter what the language of law and form, and because of the severity and by the Kbralhmlh opposed to this law regulates them some of the parties intentionally or unintentionally driven some of them do not want the interests of foreign oil to Iraq to be an active and competitive in the oil market. ومن ذلك الاضرابات والتظاهرات والحملات الكبيرة التي قادتها اطراف مشبوهة واتهام القانون باضعاف سيطرة الحكومة الاتحادية على القطاع وفتح الباب للادارة السيئة لثروة البلد من قبل القطاع الخاص والمقاولين المحليين غير الكفوئين ، ولذلك ان تزامن اصدار قانون للنفط مع فكرة تكوين الاقاليم واعطاء المحافظات صلاحيات واسعة قد مثل هاجسا مخيفا لدى البعض من ان ذلك سيؤدي الى تمركز الثروة في مناطق معينة ما قد يؤدي الى خلافات واستقطابات طائفية وقومية. From that strikes and demonstrations and campaigns led by the big parties suspicious and accuse the law to weaken the control of the federal government sector and opening the door to the bad management of the country's wealth by the private sector and non-local contractors capable, so that passing a new law coincided with the idea of oil formation regions and provinces to give wide powers have such an obsession Frightening for some people that this would lead to concentration of wealth in certain regions may lead to disputes and sectarian and ethnic polarization.
وبعد ان كانت موافقة على النسخة الاولى هاجمت حكومة كردستان نسخ القانون التي اجريت تعديلات عليها معللين ذلك بان الاضافات والتعديلات التي حصلت على القانون تناقض في بعض نصوصها الدستور وذلك بتركيزها السلطة بيد المركز ولكونه اي القانون غير منفتح اقتصاديا . After the approval of the first edition copies of Kurdistan attacked a government law which adjustments have been made by workers that the additions and amendments to the law that occurred in some texts contradict the Constitution and that focusing power status, however, and because it any law-open economically. وقد تمخضت الاجتماعات الاخيرة في العودة الى الصيغة الاولى التي تم الاتفاق عليها والغاء التعديلات التي اجريت عليها من قبل مجلس شورى الدولة وحذف الملاحق. Recent meetings have resulted in a return to the first version that was agreed upon and cancel the amendments made by the State Consultative Council and the deletion of the supplements.
ومن الانتقادات الاخرى للقانون هو توقيت اصدار القانون الذي يعتبر البعض بان الوقت الان غير مناسب لاصدار قانون للنفط والغاز وحتى يخرج المحتل وتستقر الاوضاع الامنية والسياسية في العراق. On the other criticisms of the law is the timing of the issuance of the law that some consider that the time is now inappropriate to pass a law on oil, gas and even out the occupiers and stabilize security and political conditions in Iraq. وعلى هذا الاساس اتهم االكثيرون قانون النفط بأنه بدلا من توحيد العراقيين فأنه اذا ما اقر في هذه الفترة فانه سيكون عاملا في تفريق العراقيين وعلى هذه الشاكلة يدعو البعض الى تأجيل البت في القانون الى ما بعد اقرار التعديلات في الدستوروخروج المحتل.ولذلك يمكن الاستنتاج مما تقدم بان قانون النفط والغاز قد جاء بمبادئ مفيدة و قواعد يمكن البناء عليها لانضاج صيغة تساهم في بناء صناعة نفطية متطورة وذلك بالرغم من كل السلبيات والملاحظات ووجهات النظر التي ورد ت على القانون آخذين بالاعتبارالحاجة الملحة الى اعادة بناء الصناعة النفطية الوطنية العراقية والنهوض بمستويات الانتاج والتصدير الى مستوى الطموح باسرع وقت ممكن. On this basis, accused Aalktheron petroleum law that instead of unifying the Iraqis if it is approved in this period it will factor in to disperse the Iraqis and that way calling some to postpone action on the law until after the adoption of amendments in Aldstrokroj Golan. Therefore it can be concluded from the foregoing that Law of oil and gas was the useful principles and rules can be built on a formula to mature contribute to building sophisticated oil industry in spite of all the negative aspects, observations and views on the law stated T. Balaattabaralhajh taking urgent to rebuild the Iraqi national oil industry and improving the production and export to the level of ambition As soon as possible. لذلك فان اصدار قانون النفط والغازالمقترح يعتبرضرورة وطنية ينبغي الاسراع في اقرارها سواء ظل القانون بصياغاته الحالية او باجراء التحسينات الضرورية عليه. Therefore, the issuance of the law of oil and Algasalmguetrah Iatbrdharorh national should expedite the approval of both the current wording of the law or necessary improvements to it.
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Baghdad newspaper critical of the insistence of the Gulf States to keep the debt of Iraq
Issued newspaper criticized Baghdad, Sunday, the Gulf States and its insistence on keeping the debt of Iraq, while another newspaper called on Iraqis to show a spirit of tolerance and brotherhood and sincere language left to national and ethnic superiority.
ونشرت صحيفة الدعوة (يومية تصدر عن حزب الدعوة الإسلامية تنظيم العراق) مقالا كتبه راسم قاسم بعنوان (العراق غير ملزم بتسديد ديون غير شرعية) قال فيه إن "أكثر الديون المترتبة بذمة العراق أتت من خلال ما قام به النظام السابق الدكتاتوري غير الدستوري وأكثرها هو بمثابة عقوبات من ضمنها دول تضررت من خلال تعرض الكويت لغزو واحتلال النظام السابق أو جراء قيامه بافتعال حروب وأزمات أدت إلى عزلة ذلك النظام ووقوف العالم اجمع ضده .. وضد سياسته الهوجاء". The newspaper published the invitation (published by the Journal of the Islamic Dawa Party, the organization of Iraq) wrote an article entitled Rasim Qasim (Iraq is not obliged to pay the debts illegitimate) which said that "more overdue debt of Iraq came from what he did during the previous dictatorial regime unconstitutional and most is a Penalties, including countries affected by exposure to the Kuwait invasion and occupation of the former regime or by doing any sort of wars and crises led to the isolation of that regime and find out the whole world against him and against his policies .. reckless. "
وتابع "وعندما سقط ذلك النظام وسقطت كل أجنداته وأطروحاته ولفظها الشعب العراقي لفظ النواة وكذلك العالم اجمع كان المفروض أن تسقط كل التبعات التي تسبب بها ولكن الدول التي رفضت النظام السابق وطروحاته الهمجية أبقت على ديونه غير الشرعية وهي تطالب الشعب العراقي الصابر أن يتحمل تبعات ما اقترفه الطاغية . وكأن هذه الدول تعاقب الشعب العراقي الذي ليس له ناقة ولا جمل في ما حصل". He continued: "When that regime fell and fell every soldier and a thesis and the Iraqi people took me nucleus as well as the whole world was supposed to drop all the consequences caused by the States but rejected by the former regime and the US-thesis maintained their debts illegal and urged the Iraqi people bear the consequences of Saber WHAT I DID Tyrant. And if those countries punish the Iraqi people, who did not have nothing do in what happened. "
وزاد أن "الديون التي تطالب بها بعض الدول والتي ترفض الدول الخليجية إطفاءها هي ديون غير شرعية لأنها تكونت من خلال نظام غير شرعي لا يمثل الشعب وغير منتخب ولا يملك دستورا دائما ولم يحض بأي تقدير أو اعتراف دولي بعد أعماله العدوانية الأخيرة والتي تسببت في نشوء هذه الديون وتراكماتها". He added that "the debt claimed by some States and Gulf States, which refused to put out the debt is illegitimate because it is formed through a system of illegal does not represent the people and not an unelected constitutional monarchy did not always hate any assessment or international recognition after its recent aggression which caused the emergence of these The accumulated debt. "
ومضى الكاتب قائلا "لذلك فالعراق الجديد بحكومته الدستورية المنتخبة ومؤسساته الديمقراطية غير ملزم بدفع هذه الديون وغير ملزم بالاعتراف بها وعلى الدول أن تعي هذه الحقيقة.. فكل ما قام على باطل فهو باطل ولا باطل أكثر من تركيبة نظام الصنم المقبور الذي خسر صداقة العالم اجمع". The writer, saying, "This new Iraq is an elected, constitutional government and democratic institutions is not obliged to pay such debts and non-binding recognition by the States and be aware of this fact .. Everything that has to void is void and null over the composition of the defunct regime, who lost the gold friendship worldwide" .
وأوضح الكاتب "لقد تجاوب العالم المتمدن وأوربا بالذات من خلال نادي باريس الذي ساهم بإطفاء ثمانين بالمائة من الديون غير الشرعية ويحاول الاتحاد الأوربي إطفاء ما تبقى وفتح صفحة جديدة مع العراق المتطلع وبات المجتمع الدولي ينظر إلى العراق بمنظار آخر يختلف عن السابق كونه الدولة الوحيدة في المنطقة التي تتمتع بنظام ديمقراطي تعددي برلماني دستوري". The author said: "The response of the civilized world and Europe in particular through the Paris Club, who helped extinguish eighty percent of the debt illegal and the European Union is trying to extinguish the remaining opening a new page with Iraq and is looking international community to consider another perspective on Iraq differs from the previous being the only country in the region Which enjoys a democratic, pluralist parliamentary constitutional. "
وأضاف "سيكون العراق نقطة استقطاب لمجمل الحراك الاقتصادي في المنطقة التي تزخر بالموارد النفطية والغازية والتي ستكون قبلة للاستثمارات الأجنبية والعراق يمتلك خصوصية اقتصادية ومجالا استثماريا متجدد الجوانب كونه يزخر بالإضافة لموارد الطاقة بجوانب استثمارية أخرى مثل الجوانب الزراعية والسياسية والصناعية لذلك فان أية عقبات تحاول بعض الدول ذات الأنظمة التي تتعارض مع التوجه الديمقراطي وتعتمد أسلوب الحكم الثيوقراطي أن تضعها وتحاول إفشال التجربة الرائدة الفريدة من نوعها في المنطقة ووضع العراقيل أمام توجهاتها المستقبلية المشروعة من خلال الإبقاء على الديون الزائفة التي فرضت على العراق". He added: "Iraq will be a point of polarization of the overall economic mobility in the region which is rich in oil and gas resources that will be accepted for foreign investment, Iraq possesses the privacy of economic investment and a renewed aspects in addition to being full of energy resources, such as other aspects of investment and political aspects of agricultural and industrial Therefore, any obstacles trying some of those with Regulations that are incompatible with the democratic approach and adopt the style theocratic government by trying to thwart the pilot experiment unique in the region and put obstacles in the way of its future directions legitimate through maintaining the false debt imposed on Iraq. "
وختم الكاتب مقاله قائلا "المفروض أن تزول هذه العقوبات بزوال الأسباب الموجبة لفرضها وقد زالت بزوال النظام السابق ولا يوجد مبرر لإلزام العراق في الوقت الحاضر بأن يسدد فواتير لم يكن له يد في حصولها مطلقا"، داعيا دول الخليج أن ترعوي وتعود إلى مراجعة حساباتها ولتعلم جيدا أن "إيقاع الأذى بالعراق لن يدوم وستدور عليهم الدوائر". The writer concluded his article by saying "supposed to disappear these sanctions demise of the reasons for their imposition has continued demise of the former regime and there is no justification to compel Iraq at the present time to pay bills did not have a hand in their absolute", calling on Gulf states to return to pastoral and audited and knows "The victimization of Iraq will not last and role of the Chambers."
وفي سياق ذي صلة، نشرت صحيفة التآخي (يومية تصدر عن الحزب الديمقراطي الكردستاني الذي يتزعمه مسعود البارزاني) مقالا للكاتب صباح علي بعنوان (ما أحوجنا إلى منج وطني) قال فيه إن "المسعى الايجابي الذي يجب أن يكون هاجس الجميع هو حب العراق كل العراق وحب شعبه والإخلاص له وهذا لا يعني إلغاء حقوق القوميات والطوائف ومكونات الشعب العراقي الأخرى التي عاشت في العراق منذ آلاف السنين لان هناك واقعا تراجيديا تعرض له المواطنون في جميع أجزاء العراق على مدى عشرات السنين". In the context of a related front, the fraternity (a daily published by the Kurdish Democratic Party which is led by Massoud Barzani) an article on the morning of the writer is entitled (what we need national Ming) said that "positive endeavour which should be everyone's concern is Iraq's Love all love Iraq Division and sincerity to him, this does not mean the abolition of the rights of nationalities, sects and other components of the Iraqi people who have lived in Iraq for thousands of years because there is a reality tragedy which left citizens in all parts of Iraq over the decades. "
وأضاف الكاتب "إزاء هذا الواقع المليء بالحالات السلبية ما أحوجنا اليوم إلى منهج عام مبني على الشعور الوطني والإنساني الخالص وصحوة الضمير وروح التسامح والإخوة الصادقة بعيدا عن الاستعلاء القومي والطوائفي والسير بمنهج قبول الآخر والاعتراف الدستوري بحقوقه القومية والوطنية المشروعة". The writer added "Given this fact, is full of negative situations as we approach the year to the day built on a sense of national and humanitarian Khalis and the awakening of conscience and the spirit of tolerance and brotherhood sincere away from the national superiority and communities and traffic in an acceptance of others, constitutional recognition of their rights and legitimate national nationalism."
وذكر الكاتب أن "هناك محاولات لئيمة من بعض الدول والأنظمة المجاورة للعراق والدول الإقليمية لزعزعة الاستقرار ولكن نجد هناك خيرين يتطلعون إلى تحقيق الاستقرار بظل نظام حر ديمقراطي فدرالي حقيقي لعراق مسالم موحد ويتعاون النظام الجديد المنشود لحل جميع المشاكل الحدودية إن وجدت مع دول الجوار على أسس الجيرة الحسنة ومبادئ القانون الدولي بعيدا عن لغة القوة والتهديد ولغة العنتريات التي كان النظام البائد يجيدها والتي ألحقت أفدح الأضرار والخسائر المادية والبشرية بالعراق وشعبه". The writer stated that "there are attempts to Eimh from some countries, regulations Iraq's neighboring countries and regional destabilization, but we find there is finally looking forward to achieving stability shadow of a free, democratic federal real unified and peaceful Iraq is cooperating new system intended to resolve all border problems that exist with neighboring countries on the basis of neighbors Good and principles of international law far from the language of force, threats and language Antrellat of the former regime that were proficient, which caused heavy damage and material and human losses in Iraq and its people. "
من جانب آخر، نشرت صحيفة بغداد (يومية تصدر عن حركة الوفاق الوطني العراقي التي يتزعمها أياد علاوي) مقالا للكاتب عزيز الخيكاني بعنوان (الإعلام وحقوق الإنسان في العراق) قال فيه "في العراق وبعد التغيير أصبحت هناك فسحة كبيرة للإعلام العراقي نتيجة انبثاق القنوات الفضائية المتعددة والصحافة المقروءة والمسموعة المنتشرة في الفضاء الواسع في أن يلعب دورا مهما وحيويا في نشر مفاهيم حقوق الإنسان ومبادئ الإعلان العالمي له فضلا عن الاتفاقيات الدولية التي تهتم به والترويج له ليطلع الشعب على تلك الحقوق والواجبات". The other hand, the Baghdad newspaper published (Journal issued by the Iraqi National Accord Movement headed by Iyad Allawi) to the writer wrote an article entitled Aziz brother (media and human rights in Iraq) which he said "in Iraq and after the change there is a large expanse of Iraqi flags by the emergence of multi-channel space The written press and radio deployed in space in the broad play an important role in the dissemination of vital and human rights concepts and principles of the Universal Declaration him as well as international conventions dealing with it and promoting it to keep people on those rights and duties. "
ودعا الكاتب إلى التمسك بهذه الحقوق والواجبات قائلا "يجب التمسك بها وإيجاد الوسائل الضرورية للضغط على الجهات التي تتحمل المسؤولية الكاملة في احترام وإشاعة هذا الحق الإنساني من خلال إيجاد القوانين والتشريعات التي تجعل الإنسان يعيش في امن وأمان وإيجاد الأرضية الكاملة له لان يطالب بحقوقه ويقاوم الانتهاكات المختلفة التي يتعرض لها من أية جهة كانت". He invited the writer to uphold these rights and duties, saying "We must uphold and find the necessary means to put pressure on those who bear full responsibility in this respect and promote human right through the creation of laws and legislation that make rights to live in security and safety of ground and find him because demanding full rights and resist various violations Against any party whatsoever. "
وانتقد الكاتب مسيرة الإعلام العراقي وقال إن "الإعلام العراقي وعلى الرغم من بروز ظاهرة الانفتاح نحو العالم الآخر والتطور المتنامي لا يلبي الطموح في هذا المجال المهم والحيوي في حياة الإنسان العراقي وعليه يجب أن يتحمل المسؤولية الكبرى واخذ على عاتقه إظهار قيمة الإنسان الحقيقية التي يجب أن يكون عليه خصوصا وان الإنسان العراقي قد تعرض على مدى العقود الماضية إلى انتهاك يندى له جبين الإنسانية". He criticized the Iraqi Information writer march and said that "Iraqi Information In spite of the emergence of the phenomenon of openness to the world and other development does not meet the growing ambition in this important and vital area of human life and the Iraqi him should bear the greatest responsibility and took it upon himself to show the real value of rights must be It is especially Iraqi rights has been over the past decades to face a shameful violation of humanity. "
وطالب الكاتب في ختام مقاله المؤسسات الإعلامية لأن تأخذ دورها الحقيقي في تعرية ما يحصل من انتهاكات وقتل على الهوية وتهجير والوقوف بوجه كل من يسعى إلى سلب حق الإنسان العراقي في العيش He asked the writer at the conclusion of an article of media organizations that take their role in real erosion of what is happening violations and the killing of identity, displacement and stand in each of seeking to plunder the Iraqi human right to live
بأمان وحرية وضمان لحقوقه كاملة وقال إن "هذه هي المسؤولية التاريخية المناطة بالإعلام". Safety and freedom and ensuring their rights to full and said that "this is the historic responsibility entrusted to information".
A significant decrease in the volume of demand to buy the dollar at an auction Central Bank
Demand dropped dramatically to buy the dollar at the opening of hearings this week to auction the Central Bank of Iraq on the sale and purchase of the U.S. dollar today, Sunday, the body size of the total request amounted to 35 million and 440 thousand dollars, compared with 164 million and 635 thousand dollars in the previous meeting last Thursday.
واوضحت النشرة الخاصة ببيع وشراء الدولار في مزاد البنك المركزي العراقي لهذا اليوم الاحد، ان الطلب "توزع بواقع 10ملايين و850 الف دولار نقدا و24مليون و550 الف دولار على شكل حوالات خارج القطر، غطاها البنك بالكامل بسعر صرف مستقر قدره 1200 دينار للدولار الواحد." The special bulletin buying and selling the dollar at an auction the Central Bank of Iraq for that today, Sunday, to demand "distributed by 10 million and 850 thousand dollars in cash and 24 million and 550 thousand dollars in the form of remittances outside the country, the bank fully covered at the exchange rate stable ability 1200 dinars to the dollar."
واشارت النشرة الى ان المصارف الـ(13) المشاركة في المزاد، تقدمت بعروض لبيع 950 الف دولار للمزاد اشتراها البنك بالكامل بسعر صرف بلغ 1198 دينار. The bulletin pointed out that the banks (13) participating in the auction, made offers to sell 950 thousand dollars for the auction bought the bank in full at the exchange rate reached 1198 dinars.
وقال علي الياسري، وهو أحد المتعاملين مع المزاد، في تصريح لـ(اصوات العراق) ان الطلب "تراجع بشكل كبير، والى اقل من الربع بالنسبة للحوالات، في الوقت الذي حافظ فيه الطلب النقدي على حجم طلب ثابت خلال جلسة الخميس والاحد، وهو مستوى مرتفع نسبيا بالقياس له طيلة العام." He said the Yasiri, a dealers with the auction, told the (Voices of Iraq) that the request was "a significant drop, to less than one quarter of remittances, while Hafez demand cash on the size of a firm request during a Thursday and Sunday, a high level Relatively compared to him throughout the year. "
واضاف الياسري ان المتوقع هو "ان يرتفع الطلب في الجلسة القادمة لتوقع المصارف ان يكون خفض سعر الصرف خلالها، وهو ما يدفع المصارف الى حصر حوالاتها الاجلة لتحقيق اعلى مكاسب من هذه الحوالات، وهو ما يتوقع ان يكون سبب انخفاض حجم طلبات التحويل لهذا اليوم الاحد." He added that Yasiri is expected "to increase demand at the next meeting to expect banks to have reduced the rate of exchange which is what banks pay to countless about futures to achieve the highest gains from these remittances, which is expected to be the reason for the decline in the volume of conversion applications for this today, Sunday,. "
من جهته، قال الخبير الاقتصادي والصناعي عبد الرزاق صادق، إن "الانفراج الامني الذي قد يحصل، سينعكس بشكل ايجابي على حركة السوق وتدفق السلع والبضائع، وتوفير مناخ ملائم لاعادة تنشيط السوق التجارية الاهم في بغداد، وهي سوق جملية ومنطقة جميلة الصناعية." For his part, an economic expert and industrial Sadiq Abdul Razzaq, as saying that "detente security that might happen, will reflect positively on the market movement and the flow of goods and commodities, and providing a favourable climate for the revitalization of the most important commercial market in Baghdad, a wholesale market and the industrial beautiful."
واضاف صادق لـ(اصوات العراق) ان هذا النشاط "في حال حصوله فانه سينعكس على ارتفاع الطلب على شراء الدولار بشقيه النقدي والحوالات، اضافة الى توقع زيادة الطلبات بسبب قرب موسم العمرة للعام الحالي، وهو مايولد طلبا متزايدا على الدولار لتغطية تكاليف العمرة." He added Sadiq told (Voices of Iraq) that this activity "in case it takes place it will affect the rising demand for dollar purchase of its two cash and money orders, in addition to the expected increase in requests due to the proximity of minor pilgrimage season this year, which generates demand for the dollar increased to cover the costs of Umrah."
واوضح الخبير الاقتصادي الدكتور جمعة العاني لـ(اصوات العراق) أن "حالة اللاستقرار في سعر الصرف وفي السياسة السعرية للبنك، سيكون له اثر على حركة السوق بشكل عام، وان التراجع الكبير في الطلب على شراء الدولار، قد يكون مقدمة لانعكاسات سلبية طويلة الاجل، مالم يعالج المزاد هذه المسألة." The economic expert, Dr. Juma Al-Ani (Voices of Iraq) that "the situation Allastaqrar in the exchange rate policy in the price of the Bank, would have an impact on the market in general, and the significant decline in demand for buying the dollar, it may be a prelude to a long-term negative repercussions, unless Auction address this issue. "
واشار العاني الى ان ضرورة ان "يعمل المزاد الذي يمتلك خبرة تزيد على الاربع سنوات على تجاوز مثل هذه الحالات، وان لايجعل السوق العراقية التي تتميز بانها على قدر كبير من الحساسية، كبالون اختبار، لبيان الانعكاسات الكلية بشكل عام على السوق من السياسة النقدية الغير مستقرة." Ani pointed out that the need for "the auction works, which possesses the expertise of more than four years to overcome such situations, and to make the Iraqi market which is characterized as a very sensitive, Sibal test, to show the college in general repercussions on the market than others stable monetary policy . "
إلى ذلك، قال عدي شبيب رستم وهو صاحب مكتب صيرفة إن "سعر صرف الدولار في البورصة بلغ اليوم الاحد 1221.300دينارا للدولار الواحد، فيما بلغ سعر الشراء ما يقارب 1218. In addition, Uday said Shabib Rustum's Office is banking that "the U.S. dollar exchange rate on the bourse reached today, Sunday, 1221,300 dinars to the dollar, while the total purchase price of approximately 1218.
واوضح رستم ان "سعر مكاتب الصيرفة ظل بحدود 1215 و1220 شراء و1225 و1230 دينار سعر بيع." Rustam explained that "the price of banking offices under the limits of 1215 and 1220 purchase and 1225 and 1230 dinars selling price." مشيرا الى ان اداء البورصات كان جيدا في الكفاح والحارثية، ومتوسطا في مدينة الكاظمية. He pointed out that the performance of stock exchanges was a good fight and in Harthiya, and moderately in the town of Kazimiya.
Parliament of the Kurdistan region of Iraq begin to discuss oil contracts at today's meeting
Revealed the information advisor to the President of the National Council of the Kurdistan region of Iraq, "The Ministry of natural resources in the territorial Government will, for the first time to brief MPs on the details of oil contracts concluded between the province, and foreign companies."
وقال المستشار الإعلامي، طارق جوهر، في حديث لـ"نيوزماتيك"، إن "وزير الثروات الطبيعية في حكومة الإقليم، أشتي هورامي، سيتولى عرض تفاصيل تلك العقود، وذلك خلال جلسة اعتيادية للمجلس، ستعقد غداً الاثنين 12 مايو آيار". He said the information advisor, Tariq essence, in an interview with "Uzmatik", that "natural resources minister in the government of the province, various Horami, will introduce details of those contracts, during its routine meeting of the Council, will be held tomorrow, Monday, May 12 May".
وعزا جوهر، "أسباب تأخر عرض تفاصيل العقود النفطية المبرمة مع الشركات الأجنبية، أمام اعضاء المجلس الوطني لإقليم كردستان العراق إلى انشغال وزير الثروات هورامي المستمر"، مشيراً إلى أن "المجلس طالب الوزير، بحضور إحدى الجلسات، للإجابة على أسئلة النواب بشأن العقود وتوضيح تفاصيلها". He attributed the essence, "details the reasons for the delay oil contracts signed with foreign companies, before members of the National Council of the Kurdistan region of Iraq to the preoccupation with wealth and Minister Horami continued," noting that "the minister asked, to attend a meeting to answer questions from MPs on contracts and clarify details ".
وأشار المستشار الإعلامي لرئيس المجلس الوطني لكردستان العراق، إلى أن "نتائج المحادثات بين حكومة إقليم كردستان، والحكومة الاتحادية ببغداد، بشأن العقود النفطية، وقانون النفط الإتحادي، ستكون ضمن محاور جلسة المجلس ليوم غداً الاثنين". The information advisor to the President of the National Council of Kurdistan in Iraq, that "the outcome of talks between the Kurdistan Regional Government, the federal government in Baghdad, on oil contracts, oil and federal law, will be among the hubs Council meeting tomorrow, Monday, the day".
يذكر أن حكومة إقليم كردستان العراق، قامت بتوقيع نحو عشرين عقداً مع شركات عربية، وأجنبية في مجالي النفط والغاز، منذ الإطاحة بالنظام العراقي السابق في نيسان 2003. It is noteworthy that the Kurdistan Regional Government of Iraq, has signed a contract with about twenty firms Arab and foreign countries in the fields of oil and gas, since the overthrow of former Iraqi regime in April 2003.
وتقول حكومة كردستان، إن "توقيعها جاء بموجب قانون النفط والغاز، لإقليم كردستان"، مؤكدة أن العقود المبرمة قانونية، ولا تخالف الدستور العراقي الدائم الذي صدر في عام 2005". According to the Government of Kurdistan, "The signing came under the law of oil and gas, the Kurdistan region", confirming that legal contracts concluded, in violation of the permanent Iraqi constitution passed on in 2005. "
لكن وزارة النفط بالحكومة الاتحادية، "تطعن في دستورية تلك العقود، طالما أن قانون النفط والغاز الاتحادي لم يصدر بعد". But Oil Ministry federal government, "challenging the constitutionality of those contracts, as long as the law of federal oil and gas has not yet been issued."
وكانت جهود إصدار قانون النفط والغاز الاتحادي، قد تعثرت أكثر من مرة، بسبب تمسك كل من الحكومة الاتحادية ببغداد، وحكومة إقليم كردستان بمواقفهما التي تتقاطع حول صلاحيات المركز، والأقاليم في توقيع العقود. The efforts of law was issued federal oil and gas, have stumbled more than once, due to hold both the federal government in Baghdad, the Kurdistan Regional Government positions, which intersect on the powers of the Centre, and territories in signing contracts.
Halt the transfer of registration of property transactions in the real estate registration services in Karbala
Stopped recording real estate circles in the province of Karbala, holy to all transactions tanker ownership until further notice.
وقال مدير دائرة التسجيل العقاري الثانية في كربلاء (جلال الطائي) لموقع نون ان "توّقف تسجيل معاملات نقل وتسجيل الملكية سواء كانت للاشخاص او الدولة حتى اشعار آخر جاء بناء على اوامر مديرية التسجيل العقاري العامة بالبرقية س/19/109 في 8/5/2008 وكتاب وزارة العدل مكتب وكيل الوزير المرقم 308 في 7/5/2008 وبامر دولة رئيس الوزراء الاستاذ (نوري المالكي) وحتى اشعار آخر". He said the Director of Land Registration second in Karbala (Jalal Al-Taee) for the N to "stop the transfer of registration of transactions and registration of property, whether for people or the state until further notice came on the orders of the General Directorate of Land Registration lightning o / 19/109 on 8/5/2008 The book of the Ministry of Justice Office of the Deputy Minister of 7/5/2008 No. 308 Order of His Excellency the Prime Minister Professor (Nouri al-Maliki) until further notice. "
واضاف (الطائي) ان "هذا القرار يشمل جميع محافظات القطر وليس حصرا بمحافظة كربلاء " من دون ذكر الاسباب ". He (al), "This resolution covers all provinces of the country and not exclusively Karbala Governorate," without mentioning the reasons. "
يذكر ان الحكومة المحلية في كربلاء امهلت الأحزاب والحركات السياسية والدينية الشاغلة لممتلكات الدولة بإخلاء أماكنها خلال فترة لاتتجاوز الاسبوعين ". It is noteworthy that the local government in Karbala, given the political parties and movements, religious incumbent of state property to vacate its premises during the period did not exceed two weeks. "
وقال محافظ كربلاء المقدسة الدكتور عقيل الخزعلي " انه أعطى مهلة أمدها أسبوعان لتقوم الأحزاب والحركات السياسية والدينية الشاغلة لممتلكات الدولة بإخلاء أماكنها. مبينا ان كافة الاحزاب والكيانات والحركات والتجمعات السياسية والدينية في المحافظة قد تم تبليغها بضرورة إخلاء الأبنية العائدة للدولة He said Karbala governor Aqil holy Dr. Khaz'al "that he gave notice two weeks to the political parties and movements, religious incumbent of state property to vacate its premises. Conveying that all parties and entities, movements and political and religious groupings in the province have been communicated the need to evacuate the buildings belonging to the State
والمستخدمة كمقرات لها" And used headquartered "
Installer / Informed sources reveal the Iranian role in forcing vests on accord with the Iraqi government
موسوعة الرافدين - 12/05/2008م - 11:58 م | مرات القراءة: 1534 Guinness Mesopotamia - 12/05/2008 m - 11:58 p.m. | times reading: 1534
. Informed sources revealed to the Guinness Rafidain about the size of Iranian influence in the chest and forcing the current leadership of the agreement with the United Iraqi Alliance and acceptance of the agreement items 14.
وافادت هذه المصادر ان الوفد الحكومي الذي ذهب الى ايران استطاع ان يقنع الايرانيين بارغام الصدريين على الكف عن القتال و توقيع اتفاقية الهدنة مع الحكومة ،وقد اكد الوفد المفاوض للايرانيين بأن الحكومة جادة في سعيها لتطهير العاصمة و المحافظات الجنوبية من جميع المظاهر المسلحة ، وان التيار الصدري بإصراره على القتال سيجعل انصاره المسلحين عرضة للقتل او الاعتقال وان الحكومة عازمة على مواصلة الانتصارات العسكرية التي احرزتها في مقاتلتها الخارجين على القانون وانها ستستمر حتى اجتثاث اخر مسلح . According to these sources, the government delegation that went to Iran was able to persuade the Iranians to force vests to cease hostilities and the truce signed an agreement with the government, has confirmed negotiator for the Iranian delegation that the government is serious in its quest to purge the capital and southern governorates of all armed manifestations, and that trend angina By insisting on fighting armed supporters would be killed or arrest and that the government is determined to pursue military victories achieved by the combatants in the conflict with the law and it will continue until the eradication of another armed man.
و اوعد الايرانيين الوفد العراقي بإقناع الصدر بوجوب وقف القتال و الالتزام بالقانون و رفع الغطاء عن المطلوبين . Iranians and called for the Iraqi delegation persuading al-Sadr must stop fighting and abide by the law and lift cover on the wanted.
وما ادى الى ان يصدر مقتدى الصدر تعليماته الى بعض قياديي تياره بالتحرك على الائتلاف العراقي و القبول بالبنود الاربعة عشر التي لا تضمن لمسلحي التيار الا المعاملة الانسانية و مراعاة حقوق الانسان و تنفيذ الاعتقالات بأوامر قضائية و في المقابل يضمن التيار الصدري تسليم جميع الاسلحة الثقيلة و المتوسطة و فسح المجال للقوات الحكومية لإحلال الامن و السيطرة في جميع انحاء مدينة الصدر و باقي المحافظات و رفع الاف الالغام المزروعة في الطرقات و الاحياء و غلق جميع المحاكم الشرعية و عدم التدخل في الامور الامنية و الحكومية و ... What led to Muqtada al-Sadr issued instructions to some mainstream leaders to move on coalition and Iraqi acceptance of items of fourteen, which does not guarantee the Ho trend only humane treatment and respect for human rights and the implementation of judicial orders arrests, in turn ensures current angina surrender all heavy weapons and medium - And make way for government forces to establish security and control throughout Sadr City and other provinces and the lifting of thousands of mines planted in roads and neighborhoods and close down all the Sharia courts and non-interference in matters of security and governmental and ...
وهنا لابد من القول : ان لولا التاثير الايراني المباشر والجوهري على مقتدى الصدر وقيادات تياره لما تم التوقيع على مثل هكذا اتفاقية تشبه الى حد بعيد اتفاقية خيمة صفوان التي بقيت وصمة عار على جبين البعث ونظامه المقبور، وبالتالي فانها ستسلب منه هيبته وسطوته التي فرضها على الشارع بقوة السلاح الذي طالما استمد منه القوة ، كما ان الاتفاقية تشير من جانب آخر الى زيف الادعاءات التي يروجها قادة هذا التيار وعلى لسان الناطق الرسمي باسمه المدعو صلاح العبيدي من عدم ارتباطه باي جهة خارجية او عمالته لاي دولة اجنبية ، رافعا الشعارات القومية والعروبية المزعومة. Here, we have to say: "The Iranian influence in direct and essential to Muqtada al-Sadr and mainstream leaders of what had been the signing of the Convention so as very similar to the convention tent Safwan, which remained a blot on the conscience of the defunct Baath Party and his regime, and therefore they have been robbed of its prestige and authority imposed by the street By force of arms that we have always derived from the force, said the agreement also refers to another aspect of the falsehood of the allegations promoted by the leaders of this trend and by a spokesman named Salah al-Obaidi, not linked to any foreign body or employment of any foreign state, raising nationalist slogans and Arabicity alleged.
Iraq has the capabilities of a growing financial terms led to Iraq's possession of cash reserve exceeds 30 billion dollars and this is reinforced by the exchange rate of Iraqi dinar and increased purchasing power Note that this income Marchasaud in overcoming the price per barrel today, the $ 117 note that in 2008 the budget was prepared based on the price of a barrel of crude oil $ 57.
from last article...
What happens after Iraq debt relief?
No secret to anyone that external indebtedness arising from loans entered into during the eighties of the last century and accumulated during the nineties because of the unjust economic blockade imposed under the tent United Nations
وتوقفت الايرادات النفطية وكانت غالبيتها قروضا عسكرية منحت للعراق من دول اجنبية وخليجية وهي على يقين بانها ذات طابع عسكري وقد شجعت هذه الدول على تسليح العراق ودعمت حربه مع ايران واحتلال دولة الكويت بغية ايقاعه في المصيدة”فخ المديونية “ التي كانت ترسمها له الادارة الاميركية من اجل السيطرة على ثروات العراق الاقتصادية وتحقيق الحلم الاميركي بالسيطرة على المياه الدافئة كما يسميها الخبراء الاميركان وهي دلالة على آبار النفط في منطقة الخليح العربي التي بسببها انشأت قوات الانتشار السريع في ثمانينيات القرن الماضي في عهد الرئيس الاميركي رونالد ريغان. They stopped oil revenues were mostly military loans granted to Iraq from foreign countries and the Gulf and is confident of a military nature that it has encouraged these countries to arm Iraq and has supported its war with Iran and occupation of Kuwait in order to its own trap "debt trap" which emerges from a U.S. administration in order Control over Iraq's economic wealth and achieve the American dream control of the warm water as experts call it a sign of American oil wells in the Arab Alkhalih owing to set up rapid deployment forces in Tmaniniat last century during the era of U.S. President Ronald Reagan.
والان وبعد اعفاء العراق من جزء كبير من ديونه الخارجية من جهة والزيادة الكبيرة في اسعار النفط الخام من جهة اخرى فان العراق يتمتع بقدرات مالية متنامية حيث ادى ذلك الى امتلاك العراق احتياطا نقديا يفوق 30 مليار دولار وهذا ما عزز من سعر صرف الدينار العراقي وزادت قوته الشرائية علما بان هذه الايرادات مرشحةللصعود في ظل تخطي سعر البرميل الواحد اليوم الـ 117 دولاراً علما بان موازنة عام 2008 تم اعدادها على اساس سعر برميل النفط الخام 57 دولاراً. Now, after exempting Iraq from a large part of its foreign debt on one hand and the large increase in the price of crude oil from the other hand, Iraq has the capabilities of a growing financial terms led to Iraq's possession of cash reserve exceeds 30 billion dollars and this is reinforced by the exchange rate of Iraqi dinar and increased purchasing power Note that this income Marchasaud in overcoming the price per barrel today, the $ 117 note that in 2008 the budget was prepared based on the price of a barrel of crude oil $ 57.
وهنا يجب الانتباه الى ان الزيادة في اسعار النفط الخام المصدر تؤدي الى زيادة معدلات التضخم عالميا عبر ارتفاع اسعار تكلفة الانتاج في البلدان المستوردة للنفط والمصدرة للسلع والخدمات التي تحتاج اليها اسواقنا وهذا يعني زيادة فاتورة الاستيرادات التي سيدفعها المستهلكون افرادا ودولا في النهاية وما سيؤدي ذلك الى ارتفاع المستوى العام للاسعار وزيادة في حجم الانفاق العام وبالتالي فان الطبقات الفقيرة واصحاب الدخل المحدود من موظفي الدولة هم الاكثر تضررا وتأثيرا بهذا التضخم علما بان نسبة العراقيين الذين يعيشون تحت خط الفقر بلغت اكثر من 60% من مجموع الشعب وفي ظل هكذا ظروف على الحكومة العراقية استغلال هذه الموارد المالية الفائقة والتعامل بديناميكية مع المستجدات الحاصلة التي قد تحصل ذلك لان المهمة الرئيسة امام الحكومة هي تحسين الوضع الاقتصادي ورفع مستوى الدخل الفردي وتأمين ادارة سليمة وقادرة على التعامل وبشكل امثل مع الفائض النقدي الحالي والمتوقع لينسجم مع حاجة المرحلة واهداف التنمية الوطنية الشاملة والمتوازنة وهذا يتطلب القيام بما يلي: We must note that the increase in the price of crude oil exporter lead to a rise in inflation rates globally via the high cost of production prices in oil-importing countries and exporting of goods and services needed by our markets and this means increasing imports bill paid by consumers and governments, individuals and ultimately will lead to higher The general level of prices and an increase in the volume of public spending and hence the poorer classes, owners of limited income from State officials are most affected and the impact of this inflation note that the proportion of Iraqis who lived under the poverty line amounted to more than 60% of the total people and under conditions so the Iraqi government to take advantage of this Superior financial resources and deal with the dynamic developments taking place which might occur because the main task before the government is to improve the economic situation and raise the level of per capita income and ensure proper management and able to deal with and optimize cash surplus for the current and projected need is consistent with the objectives and overall national development and balanced This requires Including the following:
1- تفعيل قانون الاستثمار الاجنبي المرقم 13 لسنة 2006 على الرغم من صدور هذا القانون في تشرين الاول عام 2006 والذي قيل عنه الكثير في وسائل الاعلام منها انه يفتح الباب على مصراعيه امام الاستثمار الاجنبي والمحلي لاحداث قفزة نوعية في اعادة اعمار العراق الا ان واقع الاقتصاد العراقي لم يتغير على الرغم من مضي مدة ليست بالقليلة على اقراره لذا يتطلب القيام بما يلي: 1 - activating the Foreign Investment Law No. 13 for in 2006 despite the issuance of this law in October 2006, which was said by many in the media, including that it opens the door wide for foreign and domestic investment to bring about a qualitative leap in the reconstruction of Iraq, but the reality of the Iraqi economy Has not changed despite the ever duration is not infrequently therefore requires the approval to:
أ. A. جعل العراق منافسا قويا لدول الجوار الجغرافي وخاصة الخليجية منها واستغلال مدينة البصرة كمرحلة اولى في جذب الاستثمارات المحلية والاجنبية الا ان ذلك يتطلب تقديم تسهيلات ادارية وانشاء مناطق استثمارية حرة وحرية نقل رؤوس الاموال والحد من البيروقراطية والفساد الاداري والمالي. Make Iraq a strong competitor to the geographical proximity, especially the Gulf and the exploitation of Basra as a first stage in attracting domestic and foreign investments, but that is required to provide facilities management and establishment of zones free investment and free movement of capital and reduction of bureaucracy and administrative and financial corruption.
ب. B. خلق بيئة تنافسية بين مناطق العراق الادارية لنمو الانتاج وتطويره كما ونوعا. Create a competitive environment between the administrative regions of Iraq for the growth and development of production quality and quantity.
2- القضاء على الفقر واستيعاب البطالة وتوفير فرص العمل للعاطلين وذلك من خلال اعتماد رؤية ستراتيجية مدروسة تستلزم وجود برامج علمية وعملية مجدية اقتصاديا. 2 - the elimination of poverty and absorb unemployment and provide jobs for the unemployed, through the adoption of deliberate strategic vision requires a scientific programmes and the process economically feasible.
3- استثمار الفوائض النفطية المتحققة في توزيع مصادر الدخل القومي من انتاج وخدمات وزيادة الاهتمام بالقطاعين الرئيسين في الاقتصاد وهما الزراعي والصناعي بغية تحقيق الامن الغذائي العراقي وتقليل الاستيرادات من الخارج. 3 - invest oil surpluses achieved in the distribution of national income sources of production and services and increased attention to key sectors of the economy namely agriculture and industry in order to achieve food security and reduce Iraqi imports from abroad.
4- اعادة النظر بهيكل الانفاق العام في الموازنة العامة للدولة وترشيده وضغطه بما يكفل استثمار الفائض النقدي في مشاريع انتاجية على ان لايؤثر ذلك في تقليل الخدمات وتحسينها مع تأمين البنى التحتية اللازمة والضرورية للنهوض الاقتصادي في البلد. 4 - reconsider the structure of public spending in the state budget, rationalize and pressure to ensure that invest surplus cash in productive projects that to affect the reduction of services and improve infrastructure while ensuring the necessary and essential for economic advancement in the country.
5- تشخيص مواقف الضعف في السياسة الاقتصادية المتبعة في البلد وتحسين الاداء الاقتصادي للدولة وتنويع مصادر الدخل في العراق وعدم الاعتماد على الايرادات النفطية كوعاء لتمويل الموازنة العامة للدولة لان ذلك يؤدي الى تأثر الاقتصاد العراقي بمتغيرات خارجية وداخلية في آن واحد وهذا ما يعيق حركة التطور ويبقى اقتصاد البلد حبيس تقلبات اسعار النفط في الاسواق العالمية اضافة الى التهديدات الامنية التي تشل الصناعة النفطية في البلد. 5 - diagnosis positions weakness in the economic policy followed in the country and improve the economic performance of the state and diversify income sources in Iraq and not to rely on oil revenues to finance a coffer in the state general budget because it leads to the Iraqi economy is affected by external and internal changes at the same time, this is what hampers the movement of development and keep the economy Country imprisoned oil price fluctuations in global markets in addition to security threats crippling oil industry in the country.
6- المصادقة على قانون النفط والغاز ذلك لان العراق بحاجة الى موارد مالية هائلة لاعادة اعماره حيث تبلغ تكلفتها 200 مليار دولار لاعادة البنى التحتية و120 مليار دولار لانهاء ازمة السكن لذا من الضروري الاستعجال بالمصادقة على القانون اعلاه لحاجة البلد الفورية لموارد مالية واستغلال ارتفاع اسعار النفط في الاسواق العالمية. 6 - to ratify the Law of the oil and gas because Iraq needs the huge financial resources for reconstruction as costing 200 billion dollars for reconstruction of infrastructure and 120 billion dollars to end the housing crisis is therefore necessary to urgently ratify the law above the needs of the country's immediate financial resources and exploiting the rise in oil prices Global markets.
7- الحد من ظاهرة البطالة المقنعة في الجهاز الحكومي لان هذا الجهاز وللاسف الشديد يتسم بضعف الكفاءة وعدم وضع الرجل المناسب في المكان المناسب فضلاً عن تنامي حالة الفساد والهدر وتبذير الموارد المالية عبر عقود وهمية او رديئة المستوى والتنفيذ وبمعزل عن رقابة ومحاسبة الجهات المختصة وبدون ضوابط صارمة ستؤثر في مستقبل الاقتصاد العراقي بشكل سلبي. 7 - the reduction of underemployment in the government apparatus, because this organ, alas, weak efficiency and not putting the right man in the right place, as well as the growing situation of corruption, waste and squandering of financial resources through contracts or illusory and the poor level of implementation and isolation from the control and accounting bodies concerned and without strict controls Will affect the future of the Iraqi economy negatively.
8- تقديم التسهيلات للنهوض بالقطاع الخاص ومنحه الثقة من خلال دعمه بالتسهيلات المالية والاعفاءات الضريبية والقروض الميسرة وتوجيهه نحو المشاريع الانتاجية والخدمية التي تستوعب اعداداً كبيرة من جيوش العاطلين عن العمل وخاصة الخريجين منهم. 8 - to provide facilities to promote the private sector and grant confidence through its financial facilities and tax exemptions, soft loans and directed towards the productive and service projects that absorb large numbers of the armies of the unemployed, especially graduates of them.
9- ان ارتفاع سعر الفائدة عن القروض المقدمة يؤدي عمليا الى اضعاف وبطء النمو الاقتصادي وهذا يتناقض مع التنمية الوطنية الشاملة والمتوازنة وخطط مكافحة البطالة والقضاء على الفقر في البلاد. 9 - The high interest rate on loans provided leads in practice to weaken and slow economic growth and this contrasts with the overall national development plans, balanced and combat unemployment and poverty eradication in the country.
10- واخيرا نقترح تنمية الواقع الاقتصادي العراقي في ضوء التجربة الماليزية حيث حظيت هذه التجربة من ناحية الافادة من الاستثمار الاجنبي باهتمام كبير من جميع المعنيين بتطوير البنى الاقتصادية في مختلف انحاء العالم وبالاخص في تلك البلدان التي تعاني من تدهور اقتصادياتها الوطنية وفشل مشاريع التنمية فيها ونظرا للنجاح الملحوظ الذي حققته هذه التجربة فقد اصبح حلماتنقلها بلدان اخرى كواقع تتناوله البحوث والدراسات على مختلف الاصعدة ولهذا السبب بالذات نرتئي نقل هذه التجربة الى العراق مع مراعاة الظروف الخاصة المختلفة التي يتمتع بها العراق خاصة انه يقف على ابواب تحولات كبرى في مختلف المجالات بعد سقوط النظام السابق فالبلدان”العراق وماليزيا “ يتشابهان في العديد من السمات الاساسية اهمها: 10 - Finally, we propose the development of the economic reality of Iraq in the light of experience gained since the Malaysian experiment in terms of benefiting from foreign investment with great interest of all concerned development of economic structures in various parts of the world, especially in those countries which suffer from the deterioration of their national economies and the failure of development projects and in view of success The remarkable success of this experiment has become reality Helmatnklha other countries covered by research and studies on various levels and for this reason that envisaged the transfer this experience to Iraq, taking into account the specific conditions of different enjoyed by Iraq, particularly as it stands on the threshold of major shifts in different areas after the fall of the former regime Countries "Iraq and Malaysia" similarities in many basic features including:
أ. A. عدد السكان Population
ب. B. المساحة Area
ج. C. التنوع الجغرافي والسكاني Geographical and demographic diversity
د. D. وجود الثروات الطبيعية وتوفر المواد الاولية والايدي العاملة. The presence of natural resources and the availability of raw materials and manpower.
هـ. E. الحاجة الماسة للتنمية من خلال الاستثمار الاجنبي. Urgent need of development through foreign investment.
ولا ننسى ان نبين ان سر النجاح الماليزي يكمن فيما يلي: We do not forget to point out that the secret of success lies with the Malaysian follows:
اولا: سياسة التقشف. First: austerity policy.
ثانيا: خفض الانفاق الحكومي. Second: reduce government spending.
ثالثا: الاعتماد على القطاع الخاص كمحرك لعملية التنمية الاقتصادية. Thirdly: reliance on the private sector an engine for economic development.
* باحث واكاديمي عراقي * Iraqi academic researcher and
Trade: disbursement of 282 billion Iraqi dinars for marketers Shalabi in all governorates
The Trade Minister Dr. Abdullah Hassan Sudanese farmer exchange 282 billion Iraqi dinars for marketers of TNT Chalabi in Baghdad and other governorates.
وذكر المكتب الاعلامي في وزارة التجارة ان الوزارة سددت كافة المستحقات للمزارعين الذين سوّقوا مادة الشلب وحسب تخصيصات كل محافظة والكميات المسوقة الى المخازن ومراكز التسويق في المحافظات المشمولة بدفع المستحقات . The Information Office of the Ministry of Commerce that the ministry had paid all the dues to farmers who rule the market, according to Chalabi allocations each province and assigned marketed to stores and shopping centres in the provinces covered by the payment of dues.
واكد المكتب ان محافظات النجف والديوانية وبابل سجلت اكبر الارقام بتجهيز مادة الشلب الى مراكز التسويق وتأتي بعدها محافظات السماوة وميسان وذي قار ثم واسط وكربلاء وبغداد وديالى، فيما كانت حصة مسوقي محافظة النجف اكثر من 120 مليار دينار عن قيمة تسليم اكثر من 129 الف طن من الشلب. The office said that the provinces of Najaf and Diwaniyah and Babil recorded the largest numbers processing rule Chalabi to shopping centres Tawheed and Samawa and Missan provinces, Dhi Qar and Wasit, Karbala, Baghdad, Diyala, while the share of marketers province of Najaf more than 120 billion dinars for the value of the delivery of more than 129 thousand tons of Chalabi .
Al Furat Assembly verify monthly income of more than one billion dinars
ا. Corporate market Euphrates Assembly of the chemical industries, an affiliate of the Ministry of Industry and Minerals, over one month (1156) tons of chemicals, (600) A plastic bag around one billion and seven hundred million dinars.
وأوضح مصدر في الشركة أن المواد الكيمياوية تمثلت بـ(حامض الكبريتيك المركز والمخفف، وحامض الهايدروكلوريك، كلور، صودا، هايبوكلورات الصوديوم وكلوريد الحديديك)، مؤكدا أن الشركة مستمرة بتشغيل خطوطها الإنتاجية وبحسب الطاقة المتاحة وظروف التسويق. The source said the chemical company that was b (sulfuric acid status and diluted, Alhaidrokhlorik acid, chlorine, soda, Hiboklorat Ferric sodium and chloride), stressing that the company is continuing the operation of production lines, according to the available capacity and marketing conditions.
واكد المصدر تسويق (600) ألف كيس بلاستيكي إلى مختلف تشكيلات القطاع العام خلال الفترة ذاتها، فضلا عن فتح باب البيع المباشر للقطاع الخاص في حالة وجود فائض بالإنتاج. The source Marketing (600) A plastic bag to the various formations the public sector during the same period, as well as the reopening of direct sales to the private sector in case of surplus production.
وفيما يتعلق بإنتاج مادة النشا أكد المصدر أن الخطوط الإنتاجية على أعلى درجات الجاهزية للإنتاج غير أن الشركة تعاني ارتفاع أسعار المادة الأولية المتمثلة بمحصول الذرة الصفراء، معلنا استعداد الشركة للعمل بمبدأ التصنيع للغير. With regard to the production of material starch source confirmed that production lines at the highest levels of readiness for production However, the company experienced higher raw material prices of maize crop, announcing the company's willingness to work the principle of non-manufacturing.
وبخصوص إنتاج الشركة من المواد الكيمياوية أعلن المصدر أنه تم إنتاج (1332) طن مواد تنوعت بين (حامض الكبريتيك المركز والمخفف، وحامض الهايدروكلوريك، كلور، صودا، هايبوكلورات الصوديوم وكلوريد الحديديك) والتي تدخل في صناعات عديدة وذلك لصالح وزارات (الصناعة والمعادن والنفط والكهرباء) وفق عقود مبرمة سابقا وهي قيد التنفيذ. On the company's production of chemical source announced that it was produced (1332) tons of materials varied between (sulfuric acid status and diluted, Alhaidrokhlorik acid, chlorine, soda, Hiboklorat Ferric sodium and chloride) and falling in many industries so as to benefit the ministries (of industry and minerals, petroleum and electricity) According to contracts already is being implemented
Maliki calls on Britain to help Iraq get out of Section VII
He called on Prime Minister Nouri al-Maliki Britain to help Iraq to get rid of international sanctions and exit from the Section VII and the consequent him because of misguided policy of the former regime.
جاء ذلك خلال استقباله يوم السبت عددا من اعضاء البرلمان البريطاني من مجموعة اصدقاء العراق في حزب العمال البريطاني. This came during a reception on Saturday, several members of British Parliament from the Group of Friends of Iraq in the British Labour Party. واضاف ان العراق الجديد لم يعد يحكمه دكتاتور ويرفض ان تكون اراضيه منطلقا للارهاب أو ممرا لالحاق الاذى بجيرانه وعموم دول المنطقة. He added that the new Iraq is no longer governed by a dictator and refuses to be the springboard of its territory for terrorism or a conduit to harm its neighbors and the wider region's countries.
ودعا المالكي الشركات البريطانية للاستثمار في العراق والمساهمة في مشاريع البناء والاعمار وتطوير الاقتصاد العراقي. Al-Maliki called on British companies to invest in Iraq and to contribute to construction projects, reconstruction and development of the Iraqi economy.
فيما جدد وفد البرلمان البريطاني دعمهم للحكومة العراقية ومساندتها في كل ما تبذله من اجل تحقيق الامن والاستقرار في العراق وتطبيق القانون واحترام الدستور وسيادة الدولة،والوقوف الى جانبها في انجاز المشاريع الاقتصادية والعمرانية. With renewed support of the British parliament delegation to the Iraqi Government and support in every effort to achieve security and stability in Iraq and the application of law and respect for the Constitution and state sovereignty, and to stand up for its part in achieving economic and architectural projects.
Establishing economic conference in Baghdad to address monetary policy in Iraq
The Chairman of the Federation of Iraqi businessmen, that the economic conference will be held on the morning rally on Monday in the Iraqi capital Baghdad to discuss monetary policy and financial system reform and addressing the issue of inflation in Iraq.
وأوضح راغب رضا بليبل، للوكالة المستقلة للأنباء (أصوات العراق) أن "المؤتمر الذي سيعقد في الساعة العاشرة من صباح يوم غد الاثنين في فندق قصر الرشيد في بغداد، سيعالج السياسات النقدية وكيفة اصلاح النظام المالي ومعالجة قضية التضخم في العراق، في محاولة جادة لتقييم الوضع الاقتصادي ودراسة النتائج والتوصيات التي سنخرج بها من هذا المؤتمر." The Blibl Reza Ragheb, the Independent News Agency (Voices of Iraq), "The conference will be held at ten o'clock tomorrow morning hours of Monday in the Palace Hotel Rashid in Baghdad, will address the monetary policy and Kiffa reform of the financial system and addressing the issue of inflation in Iraq, in a serious attempt to assess the situation Economic and study the findings and recommendations given by this conference. "
واضاف بليبل ان المؤتمر "يحظى باهتمام مباشر من قبل الحكومة، من خلال رعاية مستشار رئيس الوزراء للشؤوون الاقتصادية عبد الحسين العنبكي للمؤتمر، ومشاركة عدد من المسؤولين في الدوائر والمنظمات الاقتصادية ورجال الاعمال." Blibl He added that the conference "a direct interest by the Government, through the auspices Adviser to the Prime Minister for Economic Affairs Abdul-Hussein Al-Anbuge of the Conference and the participation of a number of officials in the departments and economic organizations and businessmen."
وتابع بليبل ان المؤتمر "سيشهد تسليط الضوء على الكثير من المواضيع المهمة في الاقتصاد العراقي، منها دعم الدولة للقطاع الخاص، اضافة الى مشكلة القطاعات الانتاجية المشلولة اليوم في العراق." He continued Blibl that the conference "will witness highlight the many important topics in the Iraqi economy, including state support for the private sector, in addition to the problem of the productive sectors paralyzed today in Iraq." مبينا ان من ابرز المشاكل الاستثمارية في العراق "توقف اكثر من85% من المشاريع الصناعية منذ ثمانينات القرن الماضي، ما يدفع الاسواق العراقية الى الاعتماد على البضائع المستوردة بدلا من المحلية." He explained that the main problems of investment in Iraq "stopped more than 85% of industrial enterprises since the eighties of the last century, leads the Iraqi market to rely on imported goods rather than local."
From IMF report.....
Despite the difficult
challenges ahead, GCC countries should be encouraged to keep the agenda of the proposed monetary
union on track, including reaching consensus on the appropriate exchange rate regime.
full report:
http://www.imf.org/external/pubs/ft/reo/2008/MCD/eng/mreo0508.htm
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Central Bank Urges Action
Kuwait, Volume 134
09.05.2008
Kuwait, the only Gulf Cooperation Council (GCC) member state to drop its dollar-peg, has not managed to escape the current inflationary cycle affecting the region. The rising cost of oil, coupled with the declining dollar, is piling inflationary pressure on the economy. Now the governor of Kuwait's central bank is encouraging the government to take action.
One area highlighted as causing particular concern is the housing market. Sheikh Salem Abdul-Aziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), told reporters that, "In this period, the importance of state efforts to oversee the housing market and bring back a balance to the real estate market is clear". Analysts have interpreted the comment as the CBK favouring the introduction of a government-sponsored rent cap.
A rent cap would be more popular with the CBK than the government's previously preferred strategy of further state sector pay rises. The Kuwaiti government employs over 90% of Kuwaitis and demands to raise government wages are featuring prominently in the current election campaign, with voting due to be held on May 17.
Wages were last increased as recently as February, when a 120 KD ($450) monthly "bonus" was paid out to all Kuwaitis employed in the public or private sector. Non-Kuwaitis employed in the state sector were awarded an increase of 50 KD ($187). Sheikh Salem appeared against further increases in state spending, advising the government not to heed to "political pressures". "We can see the first negative signs of such an increase" he said, in an apparent reference to the February increase, and other large-scale public spending programmes.
Recently released figures for January show inflation in Kuwait rose to 9.5%. Housing prices increased by 16.1%, while food jumped 7.7%. While high, Sheikh Salem noted that the level remained "relatively moderate compared to inflation in other countries of the Gulf Cooperation Council". Qatar (13.7%), Saudi Arabia (9.6%) and the United Arab Emirates (around 12%) all currently have higher levels of inflation than Kuwait.
Even having dropped its dollar peg and shifted to a basket of currencies (thus in theory giving it greater control over its monetary policy) Kuwait is still limited in its ability to reduce the inflationary pressures currently assailing its economy. Sheikh Salem revealed the CBK was using "mainly non-direct monetary policy tools to readjust the level of local liquidity", i.e. selling bonds to reduce the amount of paper in the economy.
Since dropping the dollar peg last May, the Kuwaiti dinar has appreciated by around 9% against the greenback. One advantage of regaining an independent monetary policy for the Kuwaiti economy has been the ability of the CBK to avoid trailing the heavy-cutting policy of Ben Bernanke's Fed, which has slashed rates by 3.25% since last September.
The CBK cut its discount rate by 50 basis points in January to 5.75%, in partial imitation of the Fed's shock-therapy cut of 75 basis points. Since then the discount rate has remained stable, while the repo rate is at 3.5%. The latter is now 1.5% higher than in the UAE, which was last week forced to cut its repo rate even further down to 2%.
With oil now trading at close to $120 a barrel, and OPEC president Chekib Khelil predicting $200 as a real possibility, there is a limit as to how much inflationary wind the CBK can knock out of Kuwait's economy. The government may well reason that, with so much surplus revenue, and with the addition of external pressures on purchasing power such as the rising global cost of basic food, it may well bite the bullet and agree to a further wage increase for nationals.
By doing so, the government risks triggering an inflationary cycle. Yet Kuwait's economy is not overheating quite so rapidly as other Gulf States. Year-on-year broad money figures for March show growth of just under 20% - high, yet significantly lower than the UAE, whose February figure was 33.8%. It is a tough call for a government that will need to maintain public support if it wishes to push through the economic reforms which led to the dissolution of the previous parliament.
http://www.oxfordbusinessgroup.com/weekly01.asp?id=3834
__________________
Money supply more than 6 billion dollars
Baghdad life - 08/05/08
An official source at the Iraqi Ministry of Finance, the money supply more than 8 trillion dinars (about 6.67 billion U.S. dollars), and rolling them over 6 trillion dinars, and it features real purchasing power and stable.
The source ruled out the idea of lifting three zeroes from the dinar, as did Turkey and Italy, saying that, even if it happened in future, will not affect the value of payments, or make it more easily in circulation.
And the possibility of lifting the value of the dinar against other currencies, particularly the dollar, he pointed out that this process is beyond the balance of the market economy and capacity currently, because raise the value of the dinar is not consistent with economic reality and its applications., especially at a time when industrial production did not exceed the 25 Iraqi percent of the Real energy, while the unemployment levels to about 38 percent.
He attributed the source who reviewed the report of the Baghdad Chamber of Commerce, rapid improvement in the value of the dinar a year ago to speculating in foreign currencies, which will improve emergency leave only if the recession.
The source confirmed the Central Bank of Iraq dinar rate stability before foreign currencies.
http://translate.google.com/translat...N%26as_qdr%3Dd
Central Bank favor of contiuantion of monetary policy
BAGHDAD - Al Sabah
The Central Bank of Iraq adviser Dr Mazhar favour the continuation of monetary policy aimed at reducing the size of inflation in the national economy, leading to a stable environment for growth
The reduced benefit in a press statement from the influences that can be shown economic recession which is expected to occur in the U.S. economy in the coming term, as economic reports pointed to this. Within the dollar, which linked the economic impacts in the United States, but clarified that the relationship between the decline in the dollar and high oil prices will contribute to modify the impact on Iraqi economy. He expected the emergence of economic power in favour of the third world within the next 20 years, to establish a state of economic balance in addition to the two American and European, which will be the emergence of a special currency to Asian countries growing economically, or as it was dubbed the benefit of "World Chinese currency." Saleh added that Iraq And its trading partners are working
http://www.alsabaah.com/paper.php?so...page&sid=61638
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