Dinar Reporter (IQDUSD)

[stockings3333]

GOI handing out Dinars in the Streets!!!
Sat Jul 12, 2008 6:57 pm

http://news.yahoo.com/s/ap/20080712/ap_on_re_mi_ea/iraq_money_as_weapon;_ylt=AsiaKdjqFV6vkMEndnbSj_YUewgF


BAGHDAD - It is a politician's dream: Handing out cold, hard cash to people on the street as they plead for help. Iraq's prime minister has been doing just that in recent weeks, doling out Iraqi dinars as an aide trails behind, keeping a tally.

The handouts by Prime Minister Nouri al-Maliki and a handful of other top officials are authorized — as long as each goes no higher than about $8,000, and the same people don't get them twice. Aides say they are meant merely to ease the pain a bit, and are motivated by a belief that better conditions will lead to more security.
The cash handouts are just one small — if eye-catching — part of a major investment push this summer by Iraq's government. The aim is to rebuild basic services and jumpstart Iraq's damaged economy by quickly distributing as much of the country's glut of oil revenue as possible.

U.S. officials and a fed-up American public are urging exactly that — for Iraq to spend its own money, not America's, to rebuild the country now that violence has eased.
Yet the new Iraqi effort runs a high risk of failure: The government is disorganized, fears of favoritism remain and the shadow of corruption haunts every step.
"Money is not a problem," al-Maliki told a recent gathering of tribal chiefs in the southern city of Basra, after government forces had defeated Shiite extremists there. "But we must put it in honest hands to spend..."