dinarified0211

Economists: Iraq is suffering from inflation and the policy of “central” led him to DateWednesday, February 9, 2011 at 7:45PM February 9, 2011 Baghdad, February 8 (Rn) – He is interested in economic affairs of Iraq, said Tuesday that Iraq is suffering from inflation in its domestic market, certain that this inflation comes because of the lack of accurate statistics to the problems plaguing the economy in the country. The adviser said the Iraqi Central Bank The bank is working to preserve the rank of one decimal place in order to achieve economic stability. Majid said the picture of the Kurdistan News Agency (Rn) that “until now does not have accurate census of the problems suffered by the Iraqi economy and, inter alia, inflation rates in Iraq.” Noting that “there is a decrease in the rates of inflation to 3%, but the citizen feels another way, especially for items required for daily consumption by low-income and economically may be suited to this statistics with the rates issued. “ He explained that the picture of “the trend towards increasing prices and activate the new customs law will lead to an increased burden on the Iraqi citizen, given that the decision was not within a comprehensive package to develop the Iraqi economy to accelerate development.” He added that “there is a problem facing the decision is that it does not compete with the local production of imports and inflation exists and any State may have given up on inflation.” And that “no doubt that the increase in the factors causing the cost of production in the high inflation and tight monetary policy by the Central Bank led to the curb inflation to a large degree, but fiscal policy is moving towards increased consumption, whether public or private, Re-distribution of income would lead to rising prices and inflation large in the Iraqi economy. “ In turn, the appearance of the central bank adviser Saleh (Rn) that “Iraq is witnessing today after the annual inflation fell to control levels of liquidity and reduce inflationary expectations.” Pointing at the same time said that “Iraq needs today imported from Turkey in Euro, for example.” And the appearance that “low inflation, monetary policy, the central bank is successful in gaining control of the levels of liquidity and reduce inflationary expectations.” Noting that “Iraq is an important importer of Turkey and strong euro, which will cause the dollar to decline against the cheap and low prices of products entering Iraq.” He pointed out that “the signs are good for low inflation, which fell to the level of one decimal after it was tied.” Adding that “the central bank works to keep the rank of one decimal place in order to achieve stability in the introduction to this development and this makes investors comfortable situation to the lack of price fluctuations in the exchange rate and the general level of prices.” The Iraqi Council of Representatives approved last year a law that would impose customs duties on imported goods does not exceed 20 percent of its value. And began the Iraqi Trade Ministry a few days ago to grant import licenses to companies and investors, including all goods and goods in a move aimed at reducing the phenomenon of dumping the commodity. And allowed the ministry to enter the goods at border crossing points accumulated, until the middle of February next, also allowed the entry of goods that importers do not have a formal import licenses. The Customs Authority will apply the law to increase tariffs in the sixth month of March next. aknews

Friday Jan142011 Experts warn of the dangers of Iraq’s accession to the WTO DateFriday, January 14, 2011 at 10:23AM 14/01/2011 Despite the wide openness to the world that experienced a change in Iraq since 2003 after decades of isolation, but the external economic relations are still experiencing a clear stand-off for many reasons, foremost of which is economic recession. This has prompted the faltering, many observers of the economic to the firing of warnings about the dangers of Iraq’s accession as it now stands to the World Trade Organization (wto), pointing to the need to pass the decision to join through a process of comprehensive rehabilitation of the Iraqi economy to the levels of infrastructure, legislation and vocational training for workers. The Chairperson of the Finance Committee held in the former House Alaa al-Sadoun said in an interview to Radio Free Iraq that Iraq’s accession to the WTO will hold the Iraqi economy can not stand him, explained that the Iraqi economy is not qualified in any way for the integration of the global economy. The accession to the WTO, a major objective of many national economies in the world because of the advantages achieved by this accession of integration into the global economy, and provide great opportunities for investment, as well as find markets for their products, but said the operation was linked to the size and nature of the weapons competitive owned by the national economy , to enter the global market partner and a competitor, which is not available for the Iraqi economy at this juncture. The economist said the Iraqi Bassem Jamil Antoine that Iraq has nothing to issued to the world now and it imports more than (85%) of its food basket, accusing the advocates of Iraq’s accession to the WTO, ignorance of the reality of the Iraqi economy. And that the biggest challenges that carried Iraq’s accession to the WTO on the issue of unemployment, which is still a challenge economically, politically and socially to the Iraqi government, as explained by director of research and studies in the Ministry of Labour and Social Affairs, the Crown Abdul Jalil.

i posted this 3 days ago

Wednesday Jan122011 Is Maliki’s new government a true ‘national partnership’ or a magical arrangement to avoid conflict? DateWednesday, January 12, 2011 at 12:00PM Published in the London-based AL-HAYAT on Jan. 11, 2011 One of the prominent features of Noori Almaliki’s new government is that it is based on reassuring participating political forces that what happened in the past, such as marginalization, crackdown on, and elimination of, political opponents, won’t be repeated in the future. That’s why Maliki had to increase the number of ministers from 37 in the last government, to 42 in the new one. This number is almost double the number of ministries in China, whose population is 1.2 billion people (actual number of Chinese ministries is 24). The number of vice presidents and deputy prime minsters has also been increased from two to thee each. If the last government was inflated, what can we call the new government? Expanded? Greedily covetous? Or is it necessary, in order to avoid power struggle? But, can’t also be a recipe for more conflict? Maliki should have sought to form a government that is balanced but effective – that is, one able to govern and ditch the legacy of the past, not simply satisfy the ambitions of some of those working in politics. There are basically thousands of people in Iraq today who believe that they are qualified to become ministers, senior officials and leaders – either because they have opposed the previous regime, and thereby acquired ‘freedom fighter’s legitimacy’ (especially those incarcerated); or because they possess advanced degrees, which of course entitles them to ‘knowledge legitimacy’! Or, because they are tribal sheikhs or clergymen, which gives them ‘historical’ or ‘religious’ legitimacy. Or, because they have appointed themselves as leaders of ethnic groups, sects, orders or regions, and this ‘legitimizes’ their demands to be in government. Most important for many is to be in the government, even if it’s only in name. What has encouraged the spread of this phenomenon in Iraq is that some unsuitable and unqualified people have made it to becoming ministers and senior officials in the last three governments. This has enticed others to let their imaginations loose and seek high office, even if they are not qualified. Secondly, the financial and moral perks which people can get when becoming ministers, officials, or even advisors or managers, are enormous: huge salaries that they draw from the state, and the high social status they acquire out of joining the government, induce many to seek, painstakingly, to secure a governmental position, using whatever means are available to them. The pension that they get afterwards is also very tempting: 80% of final salary, for everyone who reaches the grade of an advisor and above, even if they worked for a week! There are very many youthful pensioners nowadays in Iraq, many having worked briefly as members of parliament or for provincial governing councils, or as aides or advisors for this official or that official – this is in addition to those forced to retire by the De-Baathification law, who run into tens of thousands. The Iraqi Retirement Act made Iraq a country of young pensioners. This policy will certainly inflict more and more harm on the Iraqi economy, for two reasons at least. First, it has frozen the energies and expertise of many people who are able to work. Second, it obliges the state to spend on people who could otherwise be productive taxpayers. The state also pays for the guards of some retired officials whose numbers run into hundreds, in addition paying their living, transport and office management expenses. One of those participating in the government revealed to me that one retired official had 800 guards, all paid for by the state, while he lives in the fortified Green Zone! The other feature of the Maliki government is the shrinking representation of women – who occupied almost one fifth of ministerial positions in past governments – despite the increase in the number of ministries. Navin Dakhail Saeed, a female member of parliament, refused to take the position of Minster for Women in protest at the absence of women in the new government. Ms Dakhil Saeed deserves to be saluted for this principled position, so rare in today’s Iraq. Maliki blamed other political blocs for not fielding women candidates as minsters, but he admitted that one of the blocs did in fact do so, for one ministerial position at least – but he rejected her. It’s not a secret that the political list that fielded the woman candidate was ‘Iraqia’, the woman candidate was Maysoon Aldamluji, and the ministry was that of Culture. The question is why did Maliki reject Miss Aldamluji as minister for Culture? Was it because she had no experience? Certainly not, since she was the deputy minister for culture between 2003 and 2006. According to those who worked with her, she was one of the most able deputy ministers at the time. Was it for her lack of political skills? Of course not: Aldamluji is a well-known politician and women’s activist, who has devoted all her time to political and cultural work. She is also the Editor-in-Chief of Noon Magazine which specialises in women’s issues. She is also the spokeswomen of the Iraqia List and a member of parliament for four years. Was it for her lack of academic qualifications? Impossible: She holds a BSc and MSc in architecture from the University of London. This is in addition to her membership of many prestigious professional associations. She is also from a well-known family noted for its scientific and political credentials. Her uncle is Abdulla Aldamluji, the founder of Iraqi diplomacy and the first Iraqi foreign minster. Her parents were the late Drs Salim Aldamluji and Lama’an Amin Zaki, the medical professors at the University of Baghdad, who graduated hundreds of Iraqi doctors. More important than all of this is that she is very popular in the political and cultural media. Therefore, Maliki’s refusal to appoint her as Minister of Culture has nothing to do with the lack of expertise, qualifications or suitability, which he always talks about. It’s probably because she is a secular woman who has the potential to succeed, which will be recorded in favour of his political opponents. He may have listened to advice from advisors who do not wish to see any worthy change at the Ministry of Culture. Maliki’s position against Maysoon Aldamluji has in fact harmed him politically and put him in direct conflict with the women’s movement and the cultural community. But, it seems that he is not really concerned with any critical views. Maliki’s government’s 43-point programme didn’t contain one single specific point, but instead, talked about a ‘big decrease’ in the rate of inflation and a ‘big increase’ in the value of the Iraqi dinar! It talked about support for the economy, media, women, and improving services, living standards and security, but without mentioning any numbers or specific proposals. If the Prime Minster doesn’t know how much the rate of inflation has fallen and how much the value of the dinar has gone up, who should? Maliki’s programme has made no mention of the restrictions on personal freedoms which members of his party in provincial governing councils have imposed on people. These restrictions are illegal and unconstitutional, and are inspired by religious persuasions which are harmful to the interests of the Iraqi people and country at large. They do not respect people’s choices in life. Will Maliki’s partners try to remedy this situation? Are they really able to? And, does the issue of personal and people’s freedoms really matter to current political forces? Questions that no one has answers for, so far. Some of the strong points of the Maliki government is that it has important and strong personalities who will contribute to the success of the government if they are persuaded by the correctness of the government path, and believe in the sincerity of its direction. Many Iraqis wished to see more changes in faces and positions, but this has hardly happened. The prevailing culture in today’s Iraq is for incumbents to hold onto their positions at any cost, and never give up a position under any circumstances, since they are regarded as personal sinecures. But renewal will always remain a basic popular demand regarding all positions, be they political, cultural or business

http://www.dohabank.com.kw/en/OtherServices/ExchangeRates.aspx DOHA Bank Kuwait showing exchange at .1 KWD for 1 IQD This works out to be 1 IQD = $0.36 this is the link please confirm if this is correct

why do you think the so called gurus are on there to distract people from whats really happening there has to be people out like this so not every tom **** and harry is invested in it, Iraq could not afford it. To me seeing these people write these dates and rates actually makes me feel like we are close i may be a newbie to the chat but ive been watching the sight for a couple years now and ive never seen it like this

great post lets hope it means we are on the end of are journey............ GO RV!!!!!!