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About NewsReport3r

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    I am a fellow Dinarian that have been on the ride for over 2 years. I read numerous posts on this website, but always found that the news has always been about Dinars and how it is about to RV. My intentions is to provide news that state actual economic facts about Iraq that might lead to a potential stable government where their currency will increase in value and become internationally exchangeable.
  1. Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project's feasibility and the date of its implementation. While the parliamentary Economic Committee believes that the deletion of three zeros from the Iraqi currency would strengthen it, the parliamentary Finance Committee fears that this project would open the door to counterfeit operations. In a statement to Al-Monitor, Mudher Mohammad Saleh, former deputy
  2. UNITED NATIONS (Reuters) - U.N. Secretary-General Ban Ki-moon on Tuesday recommended bringing Iraq one step closer to ending all U.N. sanctions imposed on Baghdad more than two decades ago after former leader Saddam Hussein invaded Kuwait In 1990. Despite the toppling of Saddam in 2003 after a U.S.-led invasion, the United Nations has not fully lifted the sanctions. U.S.-led troops drove Iraq out of Kuwait in the 1991 Gulf War. If the U.N. Security Council accepts Ban's recommendation, it will be a significant political boost for Baghdad as it struggles to restore its international standing
  3. Secretary of Iran’s Supreme National Security Council (SNSC) Saeed Jalili says the Islamic Republic is ready to expand all-out strategic cooperation with Iraq. Jalili made the remark in a Thursday meeting with Adel Abdul-Mahdi, a member of the Islamic Supreme Council of Iraq (ISCI). The Iranian official highlighted the significance of expanding public service sectors and consolidating economic infrastructures in Iraq and said, “The Iranian nation and administration are ready to expand cooperation with Iraq at the strategic level in all fields.” He further expressed optimism regarding
  4. Houston, Texas, USA ( – The Kurdistan Regional Government’s Minister for Natural Resources last week at the Baker Institute in Houston said that the US administration can help Baghdad and the Kurds to resolve their disagreements on oil and gas. Dr Ashti Hawrami said, “We believe that Washington can help Iraq shepherd through a deal on energy in accordance with the Constitution to advance stability and economic wellbeing in the wider region.” Minister Hawrami went to Houston shortly after visiting Washington DC as part of a KRG ministerial delegation that met US government officials,
  5. Iraqi Prime Minister Nouri al-Maliki did not win the political majority that would have enabled him to form local governments by himself, according to the results of the local elections held in 12 Iraqi provinces. In the coming period, he will be required to engage in a fierce struggle with political blocs, some of which — even Shiite ones — are his opponents. Preliminary results — leaked two days after the polls closed on Saturday [April 20] — show the country's religious minorities will get 6 out of 378 seats in the 12 provinces. The various dispersed Iraqi lists will get nearly 70 seats, w
  6. BAGHDAD — In the face of an armed rebellion by disgruntled Sunni Muslims against his Shiite-led government, Prime Minister Nuri Kamal al-Maliki on Thursday urged dialogue to calm tensions but vowed to continue military operations in a growing sectarian conflict that he warned could lead to a civil war like the one raging in Syria. “Security forces must impose security in Iraq, which is affected by a region teeming with sectarianism,” Mr. Maliki said in a speech broadcast to the nation on Thursday afternoon. “And now we are starting to see those problems come to us.” Mr. Maliki’s remark
  7. BIBLE scholars say the Garden of Eden was in southern Iraq, perhaps where the rivers Tigris and Euphrates meet. But when Iraqis think of earthly paradise they tend to look north, towards Kurdistan. It is easy to see why. Over Nowruz, the spring holiday celebrated last month, picnickers flocked to the autonomous region’s flower-speckled meadows and valleys carved by streams flowing down from snow-capped mountains. Nature is not Iraqi Kurdistan’s only draw. The relative order, security and wealth enjoyed by the 5m residents of Iraq’s three Kurdish provinces are the envy of the remaining 25m who
  8. By now it’s obvious that “spring” is the wrong description of the political turmoil and civil war that have followed the Arab revolutions of 2011. But for one nation in the Middle East, it’s beginning to look like freedom and prosperity just might be blooming. “People are beginning to talk about the Kurdish Spring, not the Arab Spring,” says a grinning Fuad Hussein, a senior official in the government of Iraqi Kurdistan. Hussein and a delegation from the Kurdistan Region Government, which controls a strip of northern Iraq slightly larger than Maryland, were in Washington last week to talk abo
  9. Statement by KRG on Iraq and the manipulation of the EITI process Erbil, Kurdistan Region, Iraq ( - In 2008, the then federal Deputy Prime Minister, Barham Salih, committed Iraq to achieving compliance with the Extractive Industries Transparency Initiative (EITI), which aims to help citizens in oil producing countries across the world to follow the flows of oil and money. The EITI is an important globally developed standard that promotes the transparency of oil and mining revenues at the local level. It is a coalition of governments, companies, civil society groups, investors a
  10. Link for actual data from CBI website on exchange auction rates. Scroll to the very end for the 2013 data.
  11. Iraq’s Kurdish region could export 250,000 barrels of oil a day this year and is “on track” with discoveries to ship 1 million barrels a day by 2015 and 2 million by 2019, its natural resources minister said. The semi-autonomous Kurds aren’t seeking independence from the rest of the country, Ashti Hawrami said in a statement posted today on the Kurdistan Regional Government’s website. Even so, Iraq’s political cohesion depends on the Kurds’ ability to produce and sell oil on their own terms, he said. “We wish to remain part of a democratic and federal Iraq, but given the country’s trouble
  12. After more than $1 trillion spent and a decade of war and occupation, the U.S. has lost almost total control of Iraq. The Shiite-ruled nation has drifted away from American influence, choosing instead to build relations with its neighbor Iran. Who would have guessed? When the U.S. invaded and tore down the statue of Saddam Hussein, there were few that expected Iraq to turn away from its liberators, and join with radical Iran. Even the Iraqi people celebrated on the streets at first. There was, however, one man predicting a very different outcome. In the 2003 edition of the Trumpet magazine,
  13. Former President George W. Bush reflected on his tenure in the White House during an interview with the Dallas Morning News published Sunday, saying that he was comfortable with his decision-making regarding the Iraq War. "I'm confident the decisions were made the right way," Bush explained. "It's easy to forget what life was like when the decision was made." Bush's rare interview comes as he prepares to attend a ceremony for the opening of his presidential library next week in Dallas. He'll be there along with President Barack Obama and every other living former president. Speaking to the M
  14. The Kurdistan region of Iraq, Bina Bawi, has attracted an Austrian Oil company, OMV, which is also partly owned by the Abu Dhabi government, holding 24.9% stake. This company is already pumping gas in this region and it has set its eyes to further widen their business operating to pumping oil as well. OMV sights this region as a potential for vast growth and development. The Company announced yesterday that the drilling for oil is already underway and it has hopes for pumping up to 5000 barrels per day. This figure is expected to rise to up to 10000 barrels per day upon the completion of the o
  15. Iraq's Independent High Electoral Commission (IHEC) said Thursday (April 11th) that 174 international observers have arrived in the country to oversee balloting in the April 20th provincial elections. The international observers represent organisations belonging to the United Nations, the European Union, and various countries, IHEC spokeswoman Gulshan Kamal told Mawtani. "There are 23,000 local observers overseeing the elections, spread across Iraqi cities," she said. "They will be watching from the first moment balloting centres open until the end." Additional international observers may a
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