Replies to post #7859 on Iraqi Dinar Discussion Board (IQD)

[Rasica]

Private firms handle more security in Iraq

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WASHINGTON, 01 July 2007 (UPI)

Intelligence information in Iraq increasingly is handled by a network of private firms that work in the shadows of the U.S. military, it was reported.

The most visible example is the sprawling presence of Aegis Defence Services Ltd., a British security firm that won a three-year, $293 million U.S. Army contract in 2004, The Washington Post reported Sunday.

Aegis gathers intelligence for daily 30-minute PowerPoint briefings on the carnage in Iraq, the Post reported. One recent morning, the report covered 168 incidents, including rocket attacks, a cow-detonated bomb and seven bodies found in a river, the Post said.

The deepening involvement of security firms in Iraq has drawn the attention of Congress, which wants to regulate the industry, the Post said.

The U.S. government outsources a wide range of security and intelligence functions to between 20,000 to 30,000 contractors in Iraq, the Post said. The exact number has not been disclosed.

"We at least need to get an accurate picture of what's being contracted," said

Paul Cox, press secretary for Rep. David E. Price, D-N.C.

[Zoinkers]

Couple questions Aerospace

So investing into a countries currency doesn't necessarily help that country out? Investing into a countries currency may lead to delusion of the currency?

We currently cant invest into stocks there yet. The ISX isn't open for foreign investors.

Trav.

[RICK C]

AEROSPACE-What are your thoughts on this Article------
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warned of the implications for the future of the economy





Banking expert calls for a review of international agreements and standardizing the financial and monetary policies Baghdad-Sabah.
Banking expert warned of the effects that may be caused to the country's future economic mechanism by the IMF and the agreements it signed with him and called for the review and attention to the imbalance in the financial and monetary policies.
He said banking expert Abdel Aziz Alhasson President of the Association of Iraqi private banks : that the procedures for reducing the American dollar exchange rate before the Iraqi dinar did not achieve its goal, but on the contrary, the rate of inflation has remained mounts.
He added in a statement to Al (morning) : The found a clear distinction between financial and monetary procedures prevail transactional arena at a time when economic activity stagnated. He stressed that the amendment of the exchange rate may affect the economic balance in the correct paths several pointing out that the financial procedures aimed at reducing the rate of exchange was accompanied by a sharp increase in interest rates paid on Treasury auction remittances, which amounted to 22.5%.
Alhasson also said : that this is going to pay banks participating in the auction and invest most of their money in the purchase and accompanied, of course, reduce the funding bank. Almost completely This affects certainly sharply on the ability of civilians and borrowers to repay, as the bank credit stop the process and the economic cycle.
He added : that the Iraqi Central Bank moved to increase the interest on deposits in banks instantaneous up to 20% has encouraged banks to have deposits and reduce what is left of their role in the market.
Alhasson pointed out that this procedure reflected on the borrowers and the bank accounts and assets of debt after the increased interest to 25% and above.Accordingly, a banking expert says Aziz Alhasson : the debt stocks began increasing significantly after the other, shrugging off the debt originally and may have reached a stage of default in repayment if not more of them.
Alhasson finds that there is an imbalance that must be remedied and not letting things drift in this format, which will affect the future of the economy, pointing out that the International Monetary Fund and the agreements it signed with him to achieve the reforms have not borne fruit.
He said at the conclusion of the recent monetary and financial authorities to review all agreements concluded with the Fund in terms of which involve Al Jiddawi objectives are achieved.

http://www.google.com/translate?u=http%3A%2F%2Fwww.alsabaah.com%2F&langpair=ar%7Cen&hl=en&am...

I came across this article today,July 1st,2007.