Iraq’s fiscal year is

[VIZIOIRAQI]

Currency and Exchange Rate: In October 2003, the new Iraqi dinar replaced the old Iraqi dinar

as the official currency. In August 2006, its value, originally 1,950 to the U.S. dollar, had

stabilized at 1,476 to the U.S. dollar.

Fiscal Year: Iraq’s fiscal year is the calendar year.Page 14

TRANSPORTATION AND TELECOMMUNICATIONS

Overview: In the 1970s, a sustained campaign for economic development provided Iraq with

elements of a high-grade ground transportation infrastructure. Further development of roads and

railroads in eastern Iraq supported the war effort against Iran (1980–88). However, damage in the

Persian Gulf War of 1991 was only superficially repaired, and the insurgent sabotage that began

in 2003 brought another round of damage. Most of that damage was to be repaired by U.S.

contractors and international aid organizations. Security conditions were a major factor

determining the pace of such repairs. In 2004 the United States allotted US$500 million in aid

for transportation upgrades.

Roads: In 2005 Iraq had about 39,000 kilometers of paved roads, many of which were broad

highways constructed for military and commercial use in the 1970s and 1980s. Most road and

bridge damage was repaired after the 1991 Persian Gulf War had targeted transportation

infrastructure. However, beginning in 2003 main roads in central and northern Iraq, such as the

connector between Baghdad and the Jordanian border, sustained repeated damage by saboteurs.

Bridges damaged in 2003 by coalition forces were the focus of major repair operations in 2004.

Railroads: In 2005 Iraq had an estimated 2,400 kilometers of standard-gauge railroad track,

connecting Baghdad with other Iraqi cities and foreign borders in several directions. In the early

2000s, only 30 percent of Iraq’s commercial traffic moved by rail, in part because only 40

percent of locomotives were operable. Most of the railroad infrastructure was in poor repair; an

estimated 70 percent of track was impassable at normal speeds, and improvements were very

gradual in the early 2000s. Operations on the Baghdad–Mosul and Baghdad–Umm Qasr lines

were restored following the government change of 2003, although service remained unreliable.

Long-term plans call for new rail links with Syria and Iran.

Ports: In the later years of the Saddam Hussein regime, Iraq’s ports suffered from poor

maintenance and were littered with wreckage. In the post-Hussein years, three oil tanker

terminals were operating in the Persian Gulf: Basra (the main oil port) and offshore terminals at

Khawr al Amayah and Khawr az Zubayr (mainly for dry goods and natural gas). In October

2004, Basra’s capacity was 2 million barrels of oil per day, and the planned capacity of Khawr al

Amayah is 1.2 million barrels per day. Umm Qasr, which has benefited from major renovation

since 2002, has 23 berths on the Shatt al Arab for general commercial use and delivery of

emergency supplies.

Inland Waterways: Iraq has 5,275 kilometers of inland waterways, including canals and rivers

that are considered major lines of communication. The main navigable waterways are the

Euphrates River (2,815 kilometers) and the Tigris River (1,895 kilometers).

http://lcweb2.loc.go...ofiles/Iraq.pdf

[truf]

So.. October?

[FrankenSLI]

There was a discussion on this a few days ago. Thanks for the info!!

[Dinar_o'saurs]

This goes along with one of your previous posts.

Thanks Vizio!!!

[VIZIOIRAQI]

So.. October?

January 1st

[NWGUY]

Thanks Visio....that really does clear up that long discussion the other day, but to verify it, would we not want to contact Okie, and see how it compares with his Iraqi Book of Facts, that he gets all his intel from?

Go RV!!!!

[tamiflyer]

Thanks Visio....that really does clear up that long discussion the other day, but to verify it, would we not want to contact Okie, and see how it compares with his Iraqi Book of Facts, that he gets all his intel from?

Go RV!!!!

Hello NWGUY. This also brings up the new topic that our discussions are probably being read by some in the GOI, reporters or anyone with relevant substance, probably on a daily basis, since this clearly answers our question in a timely manner. Thanks for your post. GLTY and all. Go RV.

[Stryker365]

Vizioiraq, I was woundering why you would cut and paste the below infomation into the translated aritcle that you posted September 5, 2011 @8;06 am?

Under this titled article; Deletion of Zeros From Iraqi Dinar Health Economic Evidence 0 3.09.2011Faris Omar

Info that was added to the article;

Definition: Fiscal Year (FY)is a term that is used to differentiate a budget or financial year from the calendar year. The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the year being described. For example:

•FY 2010 ran from October 1 2009 through September 30 2010.

•FY 2011 is from October 1 2010 through September 30 2011.

•FY 2012 is from October 1 2011 through September 30 2012.

The fiscal year gives newly elected officials time to participate in the following year's budget process. For example, a new Republican majority was elected in November 2010. They were able to participate in the FY 2012 budget, which was presented a month after they took office.

The corporate Fiscal Year, generally runs from July 1 through June 30 of the following year. The calendar year runs from January 1 through December 31.

The word "fiscal" was originally a Latin word meaning "a small rush basket," used as a purse. This became the "public purse," which became the French word fiscal, meaning "to tax."

IT MAY BE BEFORE EOM SEPTEMBER --- OCT BEGINS NEW FY[/color]

Read more:

[Captjohn]

What happened to "the RV must happen prior to October 1st"? Now that has all changed? (just like all other drop-dead, deadlines)

[behaviorkat]

I do not like political correctness..

[blueskygal]

ok so this is a little confusing to me. So, it makes sense for govt's/corps to have difft fiscal and calendar years especially b/c they usually use accrual basis accounting not cash basis. this gives them time to reconcile the books. I further appreciate the explanation that from Oct 1-dec30/dec31 gives the newly elected time to participate in the zeroing out process from the former year and new budget.

So....WHY would Iraq NOT use a different fiscal year than calendar? After reading the above post I am left to wonder if they DO INDEED have Oct 1 as the fiscal year?

Can someone please tell me WHY they do not use Oct 1 like most other countries?

Can someone show me proof that its Jan 1 Fiscal year?

Thank you!