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RATES AND DATES (MOF) 2007???

0331

By 0331,
in Iraq & Dinar Related News

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0331

Posted
Posted (edited)

"The Financial Implications of Raising The Value of The Dinar"

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http%3A%2F%2Fwww.mof.gov.iq%2Far%2F&act=url

I know this is from 2007, but I believe when you're planning global politics and economic policy four years is not all that long. Policy is built on long term 20-50 year plans. It can take years to implement policy let alone execute it.

If some one can translate this any better or make any sense of it, I would appreciate your help. page 6 says 3.33 but I can't make sense of the sentence.

Thank you

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ﺔــــﻴـﻟﺎـﻤـﻟا ةرازو Ministry of Finance ﺔﻳدﺎﺼﺘﻗﻻا ةﺮﺋاﺪﻟا Economic Chamber داﺪــــﻋا Numbers ﻦﻴﺴﺣ ﻰﺳﻮﻣ رﺎﺒﺠﻟا ﺪﺒﻋ رﺎﻤﻋ Nish Ysom Rabjla Dba Rama داﻮﺟ سﺎﺒﻋ ﺪﻣﺮﺳ Daoj seventh Admours ــ ﺚ W ثﺎﺤﺑا ﺲﻴﺋر نوﺎﻌﻣ Thahba President of Nem ﺣﺎﺑ Strabismus ١ 1 طﺎﺒﺷ Tabsh / / ٢٠٠٧ 2007

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ﻟاـ Not ﻘﻤـ Sign ﻣﺪ D ـــﺔ E ﻲﺘﻟا ةﺮﻴﺧﻻا ثاﺪﺣﻼﻟ نﺎآ In recent Itla Thadahlal Naa ﻰﻠﻋ قاﺮﻌﻟا ﺎهﺪﻬﺷ Ahidhish on Iraq ةﺮﻣﺪﻣ بوﺮﺣ ﻦﻣ ةﺮﻴﺧﻻا دﻮﻘﻌﻟا راﺪﻣ Prmdm Borah of contracts in recent Radm ﺎهزﺮﺑأ ﺪﺴﺠﺗ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا ﻰﻠﻋ ﺔﻴﺛرﺎآ رﺎﺛﺁ ﻲﻨﻣأ راﺮﻘﺘﺳا مﺪﻋو يدﺎﺼﺘﻗأ رﺎﺼﺣو Ahezrbo embody the Iraqi economy while an effects on Ptheraa stability is invited Idastqo Rasaho سوؤﺮﻟ بوﺮهو ﺔﻟﺎﻄﺒﻟا ﺐﺴﻧ ﻲﻓ ﺪﻋﺎﺼﺘﻣ عﺎﻔﺗراو ﻢﺨﻀﺘﻠﻟ ﺔﺤﻣﺎﺟ تﻻﺪﻌﻣ ﻲﻓ Sowrl Borho enactment of unemployment in Dastm Afterao Mkhaddtll Phamaj rates in و ﺮﻘﻔﻟا تﻻﺪﻌﻣ عﺎﻔﺗراو لاﻮﻣﻻا And poverty rates Afterao funds دراﻮﻤﻟا ﻊﻳزﻮﺗ ءﻮﺳو تﺎﻋﻮﻓﺪﻤﻟا ناﺰﻴﻣ ﻊﺿو Distribution of resources and balance of payments Auso Member ﻓ قﺎﻔﻧﻻاو P Agafnlo تﻻﺪﻌﻣ ﻒﻌﺿو ﻲﻣﻮﻘﻟا ﻞﺧﺪﻟا ﻊﻳزﻮﺗ ءﻮﺳ ﻦﻋ ﻼﻀﻓ ﺔﻣﺎﻌﻟا ﺔﻧزاﻮﻤﻟا ﻲ Fdo rates of national income distribution Aus Na Add to the general budget j ﺎﻬﻧﺎﺷ ﻦﻣ ﻲﺘﻟاو تاءاﺮﺟﻻا ﻦﻣ ﺔﻠﺴﻠﺳ ﻲﻨﺒﺗ ﻰﻟا ﺔﻣﻮﻜﺤﻟا ﻊﻓد ﺎﻤﻣ ﻲﻟﺎﻤﺳاﺮﻟا ﻢآاﺮﺘﻟا Ahnac Itlao actions of a series of night grows the government to pay the United Elamsarla Maartla ﻢﻴﺠﺤﺗ Mijeht ﻟ For ﺔﻴﺒﻠﺴﻟا ﺮهاﻮﻈﻟا ﻩﺬﻬ These negative phenomena ﺎﻬﻴﻠﻋ ءﺎﻀﻘﻠﻟ اﺪﻴﻬﻤﺗ Ahila Eadqll Ademt ﻲﻓ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا ﻊﺿوو In the Iraqi economy Edoo ﻖﻳﺮﻃ Kirt ﻗ تاءاﺮﺟﻻا ﻩﺬه ﻦﻣ و ، مﺪﻘﺘﻟاو ضﻮﻬﻨﻟا S actions and of these, and progress Dohnla ﻴمﺎ Lima يﺰآﺮﻤﻟا ﻚﻨﺒﻟا Izaramla Bank ﺑ B ﺔﻴﺋاﺮﺸﻟا ةﻮﻘﻟا ﻦﻴﺴﺤﺘ Piiarchilla strengths to improve ﻨﺳ ﻲﺘﻟاو ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻠﻟ Age Itlao the Iraqi Ranidallal ﺄ A ﻲﻓ روﺪﺘﺳ ﻲﺘﻟاو ﻩﺬه ﺎﻨﺘﺳارد تاﺮﻘﻓ ﺮﺒﻋ ﺎهﺮآذ ﻰﻠﻋ ﻲﺗ Rodts Itlao in this Antsard Taragaf quarter Ahraz on It ﺔﻴﻟﺎﺘﻟا ﺐﻧاﻮﺠﻟا The following aspects : : • • لوﻻا رﻮﺤﻤﻟا The first Rouhmla : : فﺮﺼﻟا رﺎﻌﺳا لﺎﻜﺷاو مﻮﻬﻔﻣ Exchange rate and format of the concept of • • ﻲﻧﺎﺜﻟا رﻮﺤﻤﻟا II Rouhmla : : فﺮﺼﻟا ﺮﻌﺳ دﺪﺤﺗ ﻲﺘﻟا ﻞﻣاﻮﻌﻟا Ddan Itla exchange rate factors • • ﺚﻟﺎﺜﻟا رﻮﺤﻤﻟا Third Rouhmla : : ﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﺔآﺮﺣ Iraq Ranedla opportunities Ras Parah ﻲ J ) ) ٢٠٠٣ 2003 – - ٢٠٠٧ 2007 ( ( • • ﻊﺑاﺮﻟا رﻮﺤﻤﻟا IV Rouhmla : : ﺔﻴﺑﺎﺠﻳﻻاو ﺔﻴﺒﻠﺴﻟا رﺎﺛﻻا Pibajilo negative impacts • • ﺲﻣﺎﺨﻟا رﻮﺤﻤﻟا V Rouhmla : : تﺎﻴﺻﻮﺘﻟاو تﺎﺟﺎﺘﻨﺘﺳﻻا CONCLUSIONS AND RECOMMENDATIONS ٢ 2

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ﻟا Not لوﻻا رﻮﺤﻤ The first Rouhm : : فﺮﺼﻟا لﺎﻜﺷاو مﻮﻬﻔﻣ And format of the concept of exchange- أ A ﻌﺘﻟا دﺪﻌﺗ ﻰﻟا ﺮﻴﺸﺗ ﻲﻟوﺪﻟا دﺎﺼﺘﻗﻻا تﺎﻴﺑد Atla multiplicity night Reshet international economy Taibd ﺎ A ﻌﺳﺎﺑ ﺔﻘﻠﻌﺘﻤﻟا ﻒﻳر Asab related to Fair ﺎ A نا ﺮﻴﻏ فﺮﺼﻟا ر Our non-exchange-t ﻮه ﺎﻋﻮﻴﺷ ﻒﻳﺮﻌﺘﻟا ﺮﺜآا And his most common definition Rtaa " " ﺮﻌﺴﻟا Rasla ﻰﻟا ﺔﺒﺴﻨﻟﺎﺑ ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟا ﻪﺑ ﻢﻴﻴﻘﺗ يﺬﻟا Night Ppsonlab local currency hp assessment Ivla ﺔﻴﺒﻨﺟﻻا تﻼﻤﻌﻟا Pibngelaa currencies . . " " تﺎﻃﺎﺸﻨﻟا ﻲﻓ ﺎﻤﻬﻣ ارود ﺐﻌﻠﻳ فﺮﺼﻟا ﺮﻌﺳ نﺎﻓ ﻚﻟﺬﻟو Tatashenla in their mother Araud Baali exchange rate NAF Klzlo ﺔﻳدﺎﺼﺘﻗﻻا Economic ﺎﻬﺑ مﻮﻘﻳ ﻲﺘﻟا Giver Mouki Itla يرﺎﻤﺜﺘﺳا وا يرﺎﺠﺗ طﺎﺸﻨﻟا ﻚﻟذ نﺎآ ءاﻮﺳ ﺪﻠﺑ يا Iramttsa commercially Wa Naa activity Klz Ouaos DLP O و And ﺮﻌﺳ ذﺎﺨﺗا ﻰﻟا ﺮﻴﺸﺗ ﻊﺋﺎﻗﻮﻟا Ras-making night Reshet facts ﺔﻴﺴﻴﺋر لﺎﻜﺷا ثﻼﺜﻟ فﺮﺼﻟا Pisiir forms of exchange-Thelathl : : مﻮﻌﻤﻟا فﺮﺼﻟا ﺮﻌﺳ Muamla exchange rate : : ١- 1 - فﺮﺼﻟا قﻮﺳ ﻲﻓ ﻞﺧﺪﺘﻟا ﻦﻋ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﻪﻴﻓ ﻊﻨﺘﻤﻳ يﺬﻟا ﻞﻜﺸﻟا ﻚﻟذ ﻮهو Exchange-arch interference in Na Izaramla Bank HIV Antmi Ivla Figure Klz a دﺪﺤﻳو فﺮﺼﻟا ﺮﻌﺳ تارﺎﺴﻣ ﺪﻳﺪﺤﺗ ﻲﻓ ةﺮﺣ ﺐﻠﻄﻟاو ضﺮﻌﻟا ىﻮﻗ كﺮﺘﻳ ﻞﺑ ﻲﺒﻨﺟﻻا Shall determine the exchange rate in identifying pathways Prah Bltalao Display a strong core of Karti Ibngelaa ﺔﻴﻠﺤﻣ تارﺎﺒﺘﻋا ﻰﻟا ادﺎﻨﺘﺳا ﺔﻳﺪﻘﻨﻟا ﻪﺘﺳﺎﻴﺴﻟ ﺎﻓاﺪها يﺰآﺮﻤﻟا ﻚﻨﺒﻟا Pelhm considerations night Adantsa Htiseissel monetary targets for Izaramla Bank . . ﺖﺑﺎﺜﻟا فﺮﺼﻟا ﺮﻌﺳ Fixed exchange rate : : ٢- 2 - ه ﻲﻓو ﺎﻀﻳا ﻢﻜﺤﻤﻟﺎﺑ ﻪﻴﻠﻋ ﻖﻠﻄﻳ ﺎﻣ ﻮهو E Evo also Mkhmlab Hela poodle or a ﻲﺘﻟاو ﻚﻨﺒﻟا لاﻮﻣا ﺔﻴﻄﻐﺗ ﻢﺘﻳ ﻞﻜﺸﻟا اﺬ Uma Itlao Bank of coverage when the figure as يﺰآﺮﻤﻟا ﻚﻨﺒﻟا رﺪﺼﻳ ﻻو ﺔﻴﺒﻨﺟﻻا لﻮﺻﻻﺎﺑ ﺔﻠﻣﺎآ ﺔﻴﻄﻐﺗ ﺔﻳﺪﻘﻨﻟا ةﺪﻋﺎﻘﻟﺎﺑ فﺮﻌﺗ Izaramla Bank shall issue for the Lao Pibngelaa Ouselaab act at coverage of cash Pdaqlab Frat ﺔﻴﺒﻨﺟﻻا ﺔﻠﻤﻌﻟا تﺎﻳﺮﺘﺸﻣ ﻞﺑﺎﻘﻣﻻا ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟا Pibngelaa Pmualla Tajricm Bagml to local currency . . ٣- 3 - راﺪﻤﻟا فﺮﺼﻟا ﺮﻌﺳ Radmla exchange rate : : ﻚﻨﺒﻟا ﻆﻓﺎﺤﻳ ﻪﻴﻓو ﻂﻴﺳﻮﻟا فﺮﺼﻟا ﺮﻌﺳ مﺎﻈﻨﺑ نﺎﻴﺣﻻا ﺾﻌﺑ ﻲﻓ ﻪﻴﻠﻋ ﻖﻠﻄﻳ يﺬﻟاو Bank Zvahi Haievo Tesola exchange rate Maznb Naihl in some Hela Poodles Ivlao ﻟا Not ﻲﺒﻨﺟﻻا فﺮﺼﻟا قﻮﺳ ﻲﻓ ﻞﺧﺪﺘﻟا ﻖﻳﺮﻃ ﻦﻋ ﺖﺑﺎﺛ فﺮﺻ ﺮﻌﺳ ﻰﻠﻋ يﺰآﺮﻤ Ibngelaa exchange-arc in the constant interference Kirt Na opportunities Ras on Izarm ةﺪﺋﺎﻔﻟا رﺎﻌﺳا ﺪﻳﺪﺤﺗو Pdiavla prices of and identification . . ٣ 3

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ﻲﻧﺎﺜﻟا رﻮﺤﻤﻟا II Rouhmla : : ﻞﻣاﻮﻌﻟا Factors ﻲﻓ ةﺮﺛﺆﻤﻟا In Prtwmla ﺪﺤﺗ Dan ﻳ J فﺮﺼﻟا ﺮﻌﺳ ﺪ Exchange rate d قاﺮﻌﻟا ﻲﻓ In Iraq ﺮﻌﺳ ﻂﻤﻧ ﺪﻳﺪﺤﺗ ﻲﻓ ﺎﻬﺗﺎﺳﺎﻜﻌﻧا ﺎﻬﻟ نﺎآ تﺎﻣﻮﻘﻣ وا تﺎﻤﺳ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻼﻟ Ras pattern in determining Ahtasakaana people of Wa Naa Tamoqm Tams Economy in the Iraqi ﺔﻣﺪﻘﻣ ﻲﻓو ، ﺪﺋﺎﺴﻟا فﺮﺼﻟا INTRODUCTION Levu, the prevailing exchange- ﻲﺗﻻا ﻞﻣاﻮﻌﻟا ﻩﺬه Itlaa these factors : : ﺔﻳدﺎﺼﺘﻗﻻا ةروﺪﻟا Economic Session : : يدﻮآﺮﻟا ﻢﺨﻀﺘﻟا ﺔﻠﺣﺮﻣ ﻲﻓ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا لﻮﺧد Idoarla inflation phase in the Iraqi economy and the entry مﺎﻋ ﻲﻓ ﻢﺨﻀﺘﻟا ﺮﻴﻐﺗ لﺪﻌﻣ ﻎﻠﺑ ﺎﻣ ﺪﻌﺑ ذا ، ةﺮﻴﺧﻻا ﺔﺛﻼﺜﻟا تاﻮﻨﺴﻟا ﻲﻓ ﺔﺻﺎﺧ Shiny in inflation to support the Wright defeated or after a, in recent three years; in special ٢٠٠٤ 2004 ﻎﻠﺒﻴﻟ Gelbil ) ) ٢٦ 26 % % ( ( مﺎﻋ ﻲﻓ عﺎﻔﺗرﻻا ﻞﺻاو Shiny in the Afterl Cao ٢٠٠٥ 2005 ﻎﻠﺒﻴﻟ Gelbil ) ) ٣٦ 36 % % ( ( ﺎﻣا The مﺎﻋ Shiny ٢٠٠٦ 2006 ﻎﻠﺑ ﺪﻘﻓ Defeated Dagaf ) ) ٥٣ 53 % % . . ( ( ١- 1 - ﺤﻟا ﻲﻓ Solution in ﺔﻴﻘﻴﻘﺤﻟا ﺔﻤﻴﻘﻟا ﻲﻓ رﻮهﺪﺗ ﻦﻣ ﺎﻬﻘﻓارﺎﻣو ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ عﺎﻔﺗرا نا ﺔﻘﻴﻘ Piqiqahla value in the degradation of Ahagafaramo inflation rates Aftera Na Pqiq ءارو ﻦﻣ سﺎﺳﻻا ﺚﻋﺎﺒﻟا نﺎآ ﺔﺸﻴﻌﻤﻟا ﻒﻴﻟﺎﻜﺗ ﻲﻓ عﺎﻔﺗرا ﻢﺛ ﻦﻣو ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻠﻟ Ouaro of basis for Taabla Naa Pciemla costs in Aftera then the growth of the Iraqi Ranidallal دوﺪﺣ ﺪﻨﻋ ﻩراﺮﻘﺘﺳا ﻎﻠﺒﻳ ﺎﻣ ﺪﻌﺒﻓ ، دﻮﻌﺼﻟا ﻩﺎﺠﺗﺄﺑ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻﺮﻌﺳ ﺮﻴﻐﺗ Limits when Hrarguetsa Gelbi or Dapf, toward the boarding the Iraqi Ranedla Frsras Wright )٠ ) 0 ١٥٠ 150 ( ( مﺎﻋ ﻲﻓ رﻻود ﻞﻜﻟ رﺎﻨﻳد Shiny in U.S. $ per KD ٢٠٠٤ 2004 ﺮﻴﻐﺗ، Wright, دوﺪﺣ ﺪﻨﻋ ﺮﻌﺴﻟا اﺬه When the limits of this Rasla ) ) ١٢٦٠ 1260 ( ( ﻲﻟﺎﺤﻟا مﺎﻌﻟا ﻊﻠﻄﻣ رﻻود ﻞﻜﻟ رﺎﻨﻳد General Altm current U.S. $ per KD . . نا ﺮﻴﻏ ، ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ ﻢﻴﺠﺤﺗ ﻰﻠﻋ ﺮﻴﺛﺄﺘﻟا ﻲﻓ ٍرود فﺮﺼﻟا ﺮﻌﺴﻟ نا فوﺮﻌﻤﻟا Non-Na, inflation rates on Mijeht Ritotla a role in exchange-Rasl the known Na ﺮﻴﻐﺗو فﺮﺼﻟا ﺮﻌﺳ ماﺪﺨﺘﺳا Rigto exchange rate using ﺪﻌﻣ دﻮﺟو ﻞﻇ ﻲﻓو ﻲﺑﺎﺠﻳﻻا ﻩﺎﺠﺗﻻﺄﺑ ﻩ support dojo Z Evo Ibajil Hajtlaob e ل For ﺢﻣﺎﺟ ﻢﺨﻀﺗ Hamaj Mkhaddt نا ﺪﺠﻧ ﺪﻗ Na DEC may ادﻻا ﻩﺬه ﺔﻴﻠﻋﺎﻓ Adl effectiveness of this ة) E) فﺮﺼﻟا ﺮﻌﺳ Exchange rate ( ( ﺗ ﺪﻗ ﺎهﺪﺣو T may Ahidho ﺮﻴﻏ وا ﺔﻴﻓﺎآ ﺮﻴﻏ وﺪﺒ Or non-sufficient to bear non- ﻓ P ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ ﺢﺒآ ﻲﻓ ﺔﻠﻋﺎ Inflation rates in love panic . . ﻲﺟﺎﺘﻧﻻا زﺎﻬﺠﻟا ﺔﻧوﺮﻣ ﻒﻌﺿ Ijatnl twice the elasticity of the device : : ﻒﻌﺿ ﻲﻓ قاﺮﻌﻟا ﻲﻓ ﻲﺟﺎﺘﻧﻻا زﺎﻬﺠﻟا ﻢﺴﺘﻳ Weak in Iraq in Ijatnl device Mesti ﺒﺷﻻا تﺎﺒﻠﻄﺘﻤﺑ ءﺎﻔﻳﻻا ﻰﻠﻋ ﻪﺗﺎﻴﻠﺑﺎﻗ Bfala Tablttmb Ouavil on Htilbaq ﺎ A ﻖﻴﻘﺤﺗ ﻰﻠﻋ ةرﺪﻘﻟا مﺪﻋ ﻲﻨﻌﻳ ﺎﻤﻣ ﻲﻠﻜﻟا ع Capacity to achieve UN prosecutor means Elkla p ﻘﻧ ﺾﻳﻮﻌﺗ ﻦﻣ ﺪﺑ ﻻ ﻲﻟﺎﺘﻟﺎﺑو ﻲﻠﻜﻟا ﺐﻠﻄﻟاو ﻲﻠﻜﻟا جﺎﺘﻧﻻا ﻦﻴﺑ نزاﻮﺘﻟا Coop compensation of bear does not Ellatlabo Elkla Bltalao Elkla balance between production ﺺ R جرﺎﺨﻟا ﻦﻣ تاداﺮﻴﺘﺳﻻا ةدﺎﻳز لﻼﺧ ﻦﻣ ﻲﻠﺤﻤﻟا جﺎﺘﻧﻻا Tadaretsl increase from abroad through local production . . ٢- 2 - ﺔﻌﺑرﻻا تاﻮﻨﺴﻟا ﻲﻓ ﺎﺻﻮﺼﺧ قاﺮﻌﻟا ﻲﻓ ﺔﻴﺟﺎﺘﻧﻻا ﺔﻗﺎﻄﻟا تﻻﺪﻌﻣ ﻊﺟاﺮﺗ نا The four in the years Assock Iraq in energy productivity rates Ajart Na ﻻ ﺔﺠﻴﺘﻨآ ةﺮﻴﺧﻻا Not in recent Pgittena تﻻﺪﻌﻣ ﺰﻔﺣ ، صﺎﺨﻟا عﺎﻄﻘﻟا ءادا ﺆﻜﻠﺗو ﺔﻴﺘﺤﺘﻟا ﻰﻨﺒﻟا رﺎﻴﻬﻧ Stimulate rates, the private sector the performance of their minds Wklto Infrastructure ﻣ ﻞﻜﺸﺑو ةدﺎﻳﺰﻟا ﻰﻠﻋ تاداﺮﻴﺘﺳﻻا M for the increase on Kcbo Tadaretsl ﻀ Z دﺮﻄ Expulsion . . ﻣ تاداﺮﻴﺘﺳﻻا نا ﺎﻤﺑو M Tadaretsl Na Lambo ﺔﻠﻤﻌﻟﺎﺑ ﺔﻣﻮﻘ Currency of Pmouk ﺔﻴﺒﻨﺟﻻا Pibngelaa ) ) ﺎﻬﻨﻣ تدرﻮﺘﺳا ﻲﺘﻟا ناﺪﻠﺒﻟا تﻼﻤﻋ يا Ahnm Tdrutsa countries that you Currencies ( ( قﻮﺴﻟا ﻲﻓ ﺎهﺮﻌﺳ نﺎﻓ ىﺬﻟ Market in Ahras NAF humiliate ﺮﺛا ﺲﻜﻌﻨﻴﺳ ﻚﻟﺬﻟ ﻊﺒﺗو ﺔﻴﺒﻨﺟﻻا تﻼﻤﻌﻟا ءازا ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟا ﺔﻤﻴﻗ ﺲﻜﻌﻳ ﺔﻴﻠﺤﻤﻟا Lamented Sknis Klzl Abto Pibngelaa Ouaza currencies local currency reflects the value of local ﺎﺑﺎﺠﻳا وا ﺎﺒﻠﺳ ﻚﻠﻬﺘﺴﻤﻟا ﻰﻠﻋ ﺔﻴﻠﻤﻌﻟا ﻩﺬه Wa Consumer Abagia Apollos on this process . . ﻟا فﺮﺻ ﺮﻌﺳ ﻦﻴﺴﺤﺗ ﺔﻴﻗاﺮﻌﻟا ﺔﻣﻮﻜﺤﻟا تﺄﺗرا ﻖﻠﻄﻨﻤﻟا اﺬه ﻦﻣ Ras does not improve chances of the Iraqi Government Tatra Qtunmla of this مﺎﻌﻟا ﻊﻠﻄﻣ رﺎﻨﻳﺪ General Altm KD ﺔﻴﻟﺎﺘﻟا ﺔﻴﺑﺎﺠﻳﻻا ﺐﻧاﻮﺠﻟا ﻖﻴﻘﺤﺗ رﻮﻈﻨﻤﻟا اﺬﻬﻟ ﻖﻓو ﺔﻴﻐﺘﺒﻣ ﻲﻟﺎﺤﻟا Following the achievement of positive aspects of the foreseeable stunned Agafo Pigtbm current : : أ- A - ﻰﻠﻋ On ٤ 4 ، ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﺔﻳﻮﻘﺗ لﻼﺧ ﻦﻣ دﺮﻔﻠﻟ ﻲﺷﺎﻌﻤﻟا ىﻮﺘﺴﻤﻟا ﻦﻴﺴﺤﺗ , Strengthening the Iraqi Ranedla value through improved level of per capita Ichaamla نﺄﻓ ﻲﻟﺎﺘﻟﺎﺑو جرﺎﺨﻟا ﻦﻣ ةدرﻮﺘﺴﻣ ﻲه ﺔﻜﻠﻬﺘﺴﻤﻟا ﻊﻠﺴﻟا ﺔﻴﺒﻟﺎﻏ نا رﺎﺒﺘﻋا Nave Ellatlabo from abroad Pdrutsm Ye Pklhtismla majority of our goods Rapta ﻣ ﻒﻴﻟﺎﻜﺗ ﺾﻌﺑ ﺾﻔﺧ ﻲﻨﻌﻳ ﺔﻠﻤﻌﻟا ﻊﺿو ﻦﻴﺴﺤﺗ M costs Some Dfaj Pmualla means to improve member ﺔﻴﻗاﺮﻌﻟا ةﺮﺳﻻا ﺔﺸﻴﻌ Iraqi family Pcie . .

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ب- B - ﺾﻳﻮﻌﺗ ﻲﻨﻌﻳ ﺎﻤﻣ تاداﺮﻴﺘﺳﻻا ةدﺎﻳز ﻰﻠﻋ ﻊﺠﺸﻴﺳ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻦﺴﺤﺗ Compensation means the United Tadaretsl increase on the Iraqi Jcis Ranedla value has improved ىﻮﺘﺴﻤﻟا ﻲﻓ ﻲﺒﺴﻨﻟا نزاﻮﺘﻟا ﻖﻴﻘﺤﺗ ﻲﻟﺎﺘﻟﺎﺑو ﻊﻠﺴﻟا ﺾﻌﺑ ﻲﻓ ﻞﺻﺎﺤﻟا ﺺﻘﻨﻟا Level in the achievement of balance Ipsonla Ellatlabo goods in some of the shortage of Sahla رﺎﻌﺳﻼﻟ مﺎﻌﻟا Raaslal General . . ت- T - ﻲﻓ ﻞﻤﺤﺗ نا ﺪﺑ ﻻ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﻊﺿو ﻦﻴﺴﺤﺘﻟ ﺔﺠﻴﺘﻨآ تاداﺮﻴﺘﺳﻻا ةدﺎﻳز نا Glimpsed in our bear is not a member of the Iraqi Ranedla improve Pgittena Tadaretsl increased Na ﺎهﺎﻳﺎﻨﺛ Ahayant ءﻲﻬﻳ ﺎﻤﻣ ﺔﻴﺟﻮﻟﻮﻨﻜﺘﻟا تﺎﻘﻠﺣ ﺾﻌﺑو مﺎﺨﻟاو ﺔﻴﻟوﻻا داﻮﻤﻟا داﺮﻴﺘﺳا Eihi UN technological workshops and some Makhlao initial import of materials ﺔﻴﻠﺤﻤﻟا ﺔﻴﺟﺎﺘﻧﻻا ﺔﻗﺎﻄﻟا تﻻﺪﻌﻣ ﻊﻓﺮﻟ ﺔﺒﺳﺎﻨﻤﻟا ﺔﻴﺿرﻻا Productivity of local energy rates Ll appropriate terrestrial . . يﺰآﺮﻤﻟا ﻚﻨﺒﻟا تﺎﺳﺎﻴﺳ Izaramla Bank policies : : تﺎﻴﻃﺎﻴﺘﺣﻼﻟ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا كﻼﺘﻣا نﺄﺑ فوﺮﻌﻤﻟا Taitaithlal Izaramla bank possessing the known canine ﻚﻨﺒﻟا تﺎﺳﺎﻴﺳ ﻪﻴﻠﻋ ﺪﻨﺘﺴﺗ يﺬﻟا رﺎﻴﻌﻤﻟا ﺪﻌﻳ ﺔﺒﻌﺼﻟا تﻼﻤﻌﻟا ﻦﻣ ﺔﻳﺪﻘﻨﻟا Bank policies and Hela Dntst Ivla criterion was invited and difficult currencies of cash ﻟا Not فﺮﺼﻟا ﺮﻌﺳ ﻂﻤﻧ ﺪﻳﺪﺤﺗ ﻲﻓ يﺰآﺮﻤ Exchange rate pattern in determining Izarm . . ٣- 3 - ﺔﻴﻟوﻻا تاﺮﻳﺪﻘﺘﻟا ﺪآﺆﺗ تﺎﻴﻃﺎﻴﺘﺣﻻا ﻦﻣ ارﺪﻗ ﺎﻴﻟﺎﺣ ﻚﻠﺘﻤﻳ ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا Initial estimates of Dawt Taitaithl Ardq currently Kltmi the Iraqi Izaramla Bank ﻦﻴﺑ حواﺮﺘﺗ ﺎﻬﻧا ﻰﻠﻋ Ranging between frail on ) ) ١٢ 12 – - ١٦ 16 ( ( ، رﻻود رﺎﻴﻠﻣ , U.S. $ billion ) ) تاردﺎﺼﻟا فﺎﻨﺌﺘﺳﻻ ﺔﺠﻴﺘﻨآ Resume the export subsidies Pgittena جرﺎﺨﻟا ﻰﻟا ﺔﻴﻄﻔﻨﻟا Night-oil abroad ( ( ﻋ ةرﺪﻘﻟا ﻚﻠﺘﻤﻳ ﺢﺒﺻا ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا نا ﻲﻨﻌﻳ ﺎﻤﻣ P capacity Kltmi Hbesa the Iraqi Izaramla means the United Bank Na ﻰﻠ Yale رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻦﻴﺴﺤﺗ ﻰﻠﻋ ﻞﻤﻌﻟاو ، ﺔﻬﺟ ﻦﻣ رﺎﻨﻳﺪﻟا فﺮﺻ رﺎﻌﺳا راﺮﻘﺘﺳا ﻖﻴﻘﺤﺗ Ranedla on improving the value of, and work Pahj Ranedla of exchange rates stability is achieving ﺎﻬﻬﺟاﻮﻳ ﻲﺘﻟا ﺔﻴﺳﺎﻴﺴﻟاو ﺔﻳدﺎﺼﺘﻗﻻا فوﺮﻈﻟا ﺔﻌﻴﺒﻃو ﻢﺋﻼﺘﻳ ﺎﻤﺑ Ahajaoi Itla economic and political circumstances and nature Milaty Lamb قاﺮﻌﻟا Iraq ﺔﻬﺟ ﻦﻣ Pahj of ىﺮﺧا Other ﻰﻟا ﺔﻓﺎﺿﻻﺎﺑ ، In addition to, ﺎﻬﻘﻳﺮﻃ ﻲﻓ تﺎﻴﻃﺎﻴﺘﺣﻻا ﻩﺬه نا ﻰﻟا ﺮﻴﺸﺗ تاﺮﺷﺆﻤﻟا نأ Ahkirt Taitaithl in this our night refers indicators that ﻮﻤﻨﻠﻟ And Mnell ﺔﻴﺒﻨﺟﻻا تﻼﻤﻌﻟا ﻦﻣ Pibngelaa currencies of . . ﻞﻣاﻮﻋ ﺎﻬﻠآ Welcome to the factors رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﺔﻳﻮﻘﺗ ﻩﺎﺠﺗا ﻲﻓ ﺐﺼﺗ Strengthening Hajta Ranedla value in the Best فﺮﺼﻟا ﺮﻌﺳ ﻲﻓ ﻞﻳﺪﻌﺘﻟا اﺬه ءاﺮﺟ ﺎﻬﻘﻘﺤﺗ ﻊﻗﻮﺘﻤﻟا ﺔﻴﺑﺎﺠﻳﻻا رﺎﺛﻻاو ﻲﻗاﺮﻌﻟا Exchange rate in the amendment of this Ouarj Ahqqaht expected the Iraqi Rathlaao Positive . . تﺎـﻌﻗﻮﺘﻟا Expectations : : ٤- 4 - رﺎﺼﺤﻟا ضﺮﻓ ﻦﻣ دﻼﺒﻟﺎﺑ ﺖﻃﺎﺣا ﻲﺘﻟا فوﺮﻈﻟاو تﺎﻨﻴﻌﺴﺘﻟا ﺪﻘﻋ ﻰﻟا ةدﻮﻌﻟﺎﺑ Blockade imposition of Dlablab Ttaha Itla Afoorzlao Taniastla held at night Pduallab ﺔﻟﺎﺣ كﺎﻨه نا ﺪﺠﻧ تﺎﻨﻴﻌﺴﺘﻟا ﻒﺼﺘﻨﻣ ةﺮﺘﻓ ﻲﻓ ﺮﻈﻨﻟا نﺎﻌﻣا ﺪﻨﻋو ، يدﺎﺼﺘﻗﻻا Our case there DEC Taniastla mid-period to consider soft Dnao, Economic ﻦﻣ Of دﺎﺤﻟا ضﺎﻔﺨﻧﻻا Acute Dhafajnl ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ عﺎﻔﺗرا ﻞﺑﺎﻘﻣ ﺔﻴﺒﻨﺟﻻا ﺔﻠﻤﻌﻟا ﺔﻤﻴﻗ ﻲﻓ The Iraqi Ranedla Aftera value compared to the value in Pibngelaa Pmualla ﻞﺼﺣ Sah مﺎﻋ ﻒﺼﺘﻨﻣ By mid ١٩٩٥ 1995 ﻢهﺎﻔﺘﻟا ةﺮآﺬﻣ ﻊﻴﻗﻮﺗ ﺮﺛا ﻰﻠﻋ Signature of Memorandum of Understanding on inherited اﺬهو ةﺪﺤﺘﻤﻟا ﻢﻣﻻاو قاﺮﻌﻟا ﻦﻴﺑ Azho Mmlo Iraq between the United ﻰﻠﻋ لﺎﻤﻋﻻا لﺎﺟر تﺎﻌﻗﻮﺘﺑ نﺮﺘﻗا ﺪﻗ نﺎآ فﺮﺼﻟا ﺮﻌﺳ ﻲﻓ ﻞﺼﺣ يﺬﻟا ﺮﻴﻴﻐﺘﻟا On agenda for wage Taakotb Nrtqa may Naa exchange rate in Sah Ivla Change يدﺎﺼﺘﻗﻻا ﺮﻈﺤﻟا ءﺎﻬﻧا بﺮﻗ Economic Rzhla termination of lightning . . ﺑر ﻮﻟ Bur well ﺔﻤﻴﻗ ﻲﻓ ﺮﻴﻐﺗ ﻦﻣ ﻲﻟﺎﺤﻟا مﺎﻌﻟا ﻊﻠﻄﻣ ﻲﻓ ﻞﺼﺣ ﺎﻣ ﻦﻴﺑو ثﺪﺤﻟا اﺬه ﻦﻴﺑ ﺎﻨﻄ Wright of the value in the current General Altm Sah in this event or Nebo between Ant ﺔﻤﻴﻗ ﺮﻴﻐﺗ ﺮﺛا ﻰﻠﻋ ﺢﺿاو ﻞﻜﺸﺑو ﺔﻴﺑﺎﺠﻳا رﺎﺛا رﻮﻠﺒﺗ مﺪﻋ نا ﺪﺠﻧ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا Wright lamented on the value of Houdao Kcbo Pibajia Ratha Rolapt prosecutor Na Taming the Iraqi Ranedla ﺚﻴﺣ لﺎﻤﻋﻻا لﺎﺟر ىﺪﻟ ﺔﻴﻤﺋﺎﺸﺗ تﺎﻌﻗﻮﺗ دﻮﺟو ﻲهو رﺎﻨﻳﺪﻟا Terms of the business to pay indicates Pimiacht expectations dojo Iho Ranedla نأ That ﺔﻴﻨﻣﻻا فوﺮﻈﻟا Pinml conditions ﻢﻟ Ml ﻄﻳ Collapse ﺮ T ﺮﻴﻴﻐﺗ ﺎﻬﻴﻠﻋ أ Ahila a change ا A ظﻮﺤﻠﻣ Zawhelm ، , رﺎﻴﻬﻧا نا ﺎﻤآ Raihna Na Lama مﺪﻋو ﺔﻴﺘﺤﺘﻟا ﻰﻨﺒﻟا Invited Infrastructure ﻢﺋﻼﻤﻟا خﺎﻨﻤﻟا ﺮﻓﻮﺗ Milamla Climate availability ﻸﻟ Lal ﺐﻟﺎﺳ ﻞﻜﺸﺑ ﺔﻴﻨﻃﻮﻟا تاﺮﺧﺪﻤﻟا تﻻﺪﻌﻣ كﺮﺤﺗو ﺔﻴﺒﻨﺟﻻا تارﺎﻤﺜﺘﺳ Plus the national Kcb Tarkhaddmla rates Krahto Pibngelaa Tharamtts ﺪﺠﻧ ﻲﻟﺎﺘﻟﺎﺑ DEC Ellatlab نأ نﺎﻜﻤﺑ ﺔﺑﻮﻌﺼﻟا ﻦﻣ That Nakmb Pbuasla of ﻲﺑﺎﺠﻳﻻا ﺮﺛﻻا ﻖﻴﻘﺤﺗ ﻲﻓ ﻞﺋﺎﻔﺘﻟا ﺢﻣﻼﻣ ﻢﺳﺮﺗ Ibajil impact in achieving the Iavcla Hmlam Msart ﻲﻓ In ﻦﻴﺴﺤﺗ Improving ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ The value of the Iraqi Ranedla . . ٥ 5

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رﻮﺤﻤﻟا Rouhmla ﺚﻟﺎﺜﻟا III : : ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﺔآﺮﺣ The Iraqi Ranedla opportunities Ras Parah ﻟ For ماﻮﻋﻼ Factors ٢٠٠٣ 2003 – - ٢٠٠٧ 2007 فﺮﺻ ﺮﻌﺳ ﺎﻬﺒﺟﻮﻤﺑ دﺪﺣ ﻲﺘﻟا ﺔﻴﻟﻻا ﺮﻴﻴﻐﺗ ﻰﻠﻋ ﺪآﺆﻳ قاﺮﻌﻟا ﻲﻓ فﺮﺼﻟا رﺎﻌﺳا ﺦﻳرﺎﺗ Opportunities Ras Ahpjomb select Itla mechanism change Daei on Iraq in exchange rate the date of ﺪﺠﻧ ﻲﺿﺎﻤﻟا نﺮﻘﻟا ﻦﻣ تﺎﻨﻴﻧﺎﻤﺜﻟاو تﺎﻨﻴﻌﺒﺴﻟا ﺔﺒﻘﺣ ﻰﻟا عﻮﺟﺮﻟا ﺪﻨﻌﻓ ، ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا DEC Idhamla century of Taninamthelao Taniabsla Pbqah Please refer to Dnaf, the Iraqi Ranedla تﺎﻧﺎﻴﺑ ﺮﻴﺸﺗ ذا ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﻊﺿو ﻰﻠﻋ ﺔﺒﻟﺎﻐﻟا ﺔﻤﺴﻟا ﻮه ﺖﺑﺎﺜﻟا فﺮﺼﻟا ﺮﻌﺳ نا Data refers a member of the Iraqi Ranedla on Pblagla Pmsla and his Fixed exchange rate us ﺒﻟا Without لدﺎﻌﺗ ﺎﻣ ﻲه رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ نا ﻰﻠﻋ ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨ Daat is the value of Na Ye Ranedla on the Iraqi Izaramla Be ) ) ٣٫٣٣ 3.33 ( ( رﻻود U.S. $ ﺔﺒﺴﻧ ﻲهو Proportion of Iho ﻲﺘﻟا ﺔﻳدﺎﺼﺘﻗﻻا تاﺮﻴﻴﻐﺘﻟا ﻦﻋ ﺮﻈﻨﻟا فﺮﺼﺑ ﻪﺘﺑﺎﺛ Itla economic changes Na consider Frsb Htbat ﺎﻬﻬﺟاو Ahajao ﺪﻘﻋ لﻼﺧ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا Held during the Iraqi economy ﺔﻴﻗاﺮﻌﻟا بﺮﺤﻟﺎﺑ ﺔﻠﺜﻤﺘﻤﻟاو تﺎﻨﻴﻧﺎﻤﺜﻟا Iraqi Brahlab Pltmtamlaw Taninamthela – - ﺔﻴﻧاﺮﻳﻻا Pinarellaa ﻞﺜﻤﻳ ﻻ ﺮﻌﺴﻟا اﺬه نا ﺔﻴﻘﻴﻘﺤﻟا ﻲﻓو Represents not Rasla this Na Piqiqahla Evo ﺪﻠﻟ ﺔﻴﻘﻴﻘﺤﻟا ﺔﻤﻴﻘﻟا Pamper Piqiqahla value رﺎﻨﻳ Rani راﺮﻤﺘﺳاو ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ عﺎﻔﺗرا ﻞﻌﻔﺑ ﻚﻟذ ﻦﻣ ﻞﻗا ﻲه ﻞﺑ Rarmtsaw Aftera inflation rates of less than Afb Klz Ye core يﺮﻜﺴﻌﻟا قﺎﻔﻧﻻا ﻞﻳﻮﻤﺗ Erksala expenditure of funding . . ﻻا ﺪﻨﻋ ﺎﻣا L when either ﺁ نا ﺪﺠﻧ تﺎﻨﻴﻌﺴﺘﻟا ﺪﻘﻋ ﻰﻟا لﺎﻘﺘﻧ A Na DEC Taniastla held at night to Aguetn ﻰﻠﻋ ًﺎﺳار ﺖﺒﻠﻗ فﺮﺼﻟا ﺮﻌﺳ ﺪﻳﺪﺤﺗ ﺔﻴﻟ Asar Thblq on exchange rate identified Hill ﺲﻠﺠﻣ تاراﺮﻗ ﺮﺛا ﻰﻠﻋ ﺔﻴﻄﻔﻨﻟا قاﺮﻌﻟا تاردﺎﺻ ﻒﻗﻮﺗ ﻞﻌﻔﺑ ﺐﻘﻋ Council decisions lamented on Iraq-oil exports of stopped in the patches Afb ﻻا L ﻲﻟوﺪﻟا ﻦﻣ Of the International ﺔﻳدﺎﺼﺘﻗا تﺎﺑﻮﻘﻋ ضﺮﻓ ﺔﻴﺿﺎﻘﻟا Pidastqa penalties imposition Pidhaqla ﻂﻔﻨﻟا تادراو عﺎﻄﻘﻧا ﻲﻨﻌﻳ يﺬﻟا ﺮﻣﻻا ، قاﺮﻌﻟا ﻰﻠﻋ Tefnla Imports interruption means Ivla Ramlaa, Iraq on ﺔﻠﻤﻌﻟﺎﺑ Currency of ﺔﻴﺒﻨﺟﻻا Pibngelaa يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ىﺪﻟ ﻲﻧﻮﻧﺎﻘﻟا ﻲﻃﺎﻴﺘﺣﻻا ﺔﻴﻤﻨﺗ ﻦﻋ ﻒﻗﻮﺘﻟا ﻲﻟﺎﺘﻟﺎﺑو Izaramla Bank's Development shows the legal reserve Na interruption Ellatlabo ﻦﻣ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﻪﺑ ﻆﻔﺘﺤﻳ ﺎﻣ ﻊﺿو ﻦﻣ ﺪﺑﻻ نﺎآ ﻲﻧﺎﺛ ﺐﻧﺎﺟ ﻦﻣو ﺐﻧﺎﺟ ﻦﻣ اﺬه Bank of Izaramla HP routinely saved is a member of Dbla Naa Inat Bnag Bnag growth of this تﻼﻤﻋ Currencies ﺔﻴﺒﻨﺟأ A foreign ﻬﺟاﻮﻣ ﻲﻓ Ahjaom in ﺔ E ﻻا تﺎﺑاﺮﻄﺿﻻا L disorders ﺎﻬﺛﺪﺣا ﻲﺘﻟا ﺔﻳدﺎﺼﺘﻗ Ahtdha Itla Pidastq ﺮﻈﺤﻟا ضﺮﻓ راﺮﻗ Rzhla imposition Resolution يدﺎﺼﺘﻗﻻا Economic . . ﻲﻓ ﻊﺒﺘﻤﻟا فﺮﺼﻟا ﺮﻌﺳ ﻞﻜﺷ ﺪﻳﺪﺤﺗ ﻲﻓ ًﻼﻳرﺬﺟ ًﻻﻮﺤﺗ ﺪﻬﺷ تﺎﻨﻴﻌﺴﺘﻟا ﺪﻘﻋ ﻊﻠﻄﻣ نذا Apettmla in the exchange rate in determining the form of inspired Aerzj surprised Taniastla held Altm permission ﻮهوﻻا ، قاﺮﻌﻟا And Holaa, Iraq ﺔﻣﻮﻜﺤﻟا ﻞﺒﻗ ﻦﻣ ﻞﺧﺪﺗ كﺎﻨه ﺲﻴﻟ يا ﻢﺋﺎﻋ فﺮﺻ ﺮﻌﺳ Government prior to the intervention of a torrent there, O Mia opportunities Ras ) ) ﻚﻨﺒﻟﺎﺑ ﺔﻠﺜﻤﻣ Knblab represented يﺰآﺮﻤﻟا Izaramla ( ( ﻩﺬه ﺪﻳﺪﺤﺘﻟا ﺔﻴﻠﻤﻋ ﻲﻓ سﺎﺳﻻا روﺪﻟا يﺪﻘﻨﻟا ﺐﻠﻄﻟاو ضﺮﻌﻟا ىﻮﻘﻟ نا ﻞﺑ Please specify the basis for this role in the process of cash Bltalao Display Youkl our core . . ﺔﻐﻠﺑ ﺎﻨﻠﻠﺣ ﻮﻟ Anellh a language well ﻰﻟا لﺎﻘﺘﻧﻻا نا ﺎﻧﺪﺟﻮﻟ ﻲﻋﻮﺿﻮﻣ ﻞﻜﺸﺑو ﺪﻳﺮﺠﺘﻟا Transition to an objective of our Andjol Kcbo Dergtla ﺔﻴﻟﺁ Mechanism ﺮﺤﻟا فﺮﺼﻟا ﺮﻌﺳ Trips exchange rate ﻻﻳ Lai ﺔﻴﺗﻻا دﻮﻨﺒﻟا ﻲﻓ ﺎﻬﻠﻴﺜﻤﺗ ﻦﻜﻤﻳ ﺔﻴﺑﺎﺠﻳا ﺐﻧاﻮﺟ ﻦﻣ ﻞﺨﺗ نا ﻦﻜﻤ Pitlaa items in Ahlaithamt can Pibajia aspect of our Lcht Nkm : : ١- 1 - ﺔﺑرﺎﻀﻤﻟا ﺔﻴﻠﻤﻋ ءاﺮﺟ ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﺎﻬﻠﻤﺤﺘﻳ ﺮﺋﺎﺴﺧ ﻚﻟﺎﻨه نﻮﻜﺗ ﻦﻟ Pbradmla process Ouarj the Iraqi Izaramla Bank Losses Ahmahti Klanh Nukt will not تﻼﻤﻌﻟا ةﺮﺳﺎﻤﺳ ﻦﻴﺑ Prsams between currencies ﺔﻴﺒﻨﺟﻻا Pibngelaa . . ٢- 2 - فﺮﺼﻟا ﺮﻌﺳ مﺎﻈﻧ Exchange rate system ا ﻊﻣ ﻞﻣﺎﻌﺘﻟا ﻲﻓ ﺔﻧوﺮﻣ ﺮﺜآا نﻮﻜﻳ ﺮﺤﻟا With the handling of the more flexible Nuki trips ﻟ For تاﺮﻴﻐﺘﻟاو تﺎﻣﺪﺼ And changes Tamds ﻨﻟا ﺔﺳﺎﻴﺴﻟا نﺄﻓ ﻲﻟﺎﺘﻟﺎﺑو ﺔﻴﺟرﺎﺨﻟا Nla policy precluding Ellatlabo External ﻘ S فاﺪهﻻا ﻖﻴﻘﺤﺗ ﻰﻠﻋ ﺔﺒﺼﻨﻣ نﻮﻜﺘﺳ ﺔﻳﺪ Achievement of objectives on Pbesnm Nokedz Head دﺎﺼﺘﻗﻼﻟ ﺔﻴﻠﺧاﺪﻟا Economy in inland . . ٣- 3 - ٦ 6 نزاﻮﺗ ﻚﻟﺎﻨه نﻮﻜﻳ A balance Klanh Nuki نا ﺪﺑﻻ ﺔﻴﺒﻨﺟﻻا ﺔﻠﻤﻌﻟا ﺐﻠﻃ نا يا ، يﺪﻘﻨﻟا قﻮﺴﻟا ﻲﻓ Na Dbla Pibngelaa Pmualla requested Na, O, in the cash market ﺎﻬﻨﻣ ضوﺮﻌﻤﻟا يوﺎﺴﻳ Ahnm Addouramla comfort . .

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ﻻا ﺐﻧاﻮﺠﻟا ﻩﺬه ﻦﻣ ﻢﻏﺮﻟﺎﺑو L aspects of these Morlabo ﻨه ناﻻا ، ﺔﻴﺑﺎﺠﻳ NH Nalaa, Pibaji ﻚﻟﺎ Both ﻰﻠﻋ ﺮﺛﺆﺗ ﻒﻌﺿ طﺎﻘﻧ وا ﺮﻳذﺎﺤﻣ Affect on Weak points Wa Rivahm ﻲﻣﻮﻘﻟا دﺎﺼﺘﻗﻻا تﺎﻴﻠﻤﻋ ﻞﻤﺠﻣ Imoqla economy processes to mg . . ﻲﺗﻻا ﺎهزﺮﺑا ﻦﻣ ﻞﻌﻟو Itlaa Ahezrba of the altitude : : ﻨﺘﻜﻳ ﻲﻠﺒﻘﺘﺴﻤﻟا فﺮﺼﻟا ﺮﻌﺳ رﺎﺴﻣ نا Im the exchange rate FUTURE Rasim Na ﻔ P ﻲﻟﺎﺘﻟﺎﺑو ضﻮﻤﻐﻟا ﻪ Ellatlabo ambiguity e ىدأ Statements were ﻖﻠﺧ ﻰﻟا Night creation يدﺎﺼﺘﻗﻻا طﺎﺸﻨﻟاو ﻂﻴﻄﺨﺘﻟا ﺔﻴﻠﻤﻌﻟ ﺐﻋﺎﺼﻣ Economic Activity and planning the process to Avasam . . ١- 1 - ﺔﻳﺪﻘﻨﻟا ﺔﺳﺎﻴﺴﻟا ﺔﻴﻟﻼﻘﺘﺳا ماﺪﺨﺘﺳا ءﺎﺴﻳ نا ﻦﻜﻤﻳ Monetary policy autonomy of us can use Ouasi . . مﺎﻴﻗ بﻮﺟو مﺪﻋ ًﻼﺜﻤﻓ Maig Pogo prosecutor to Atmv ﺔﻣﻮﻜﺤﻟا Government ﺑ B ﺔﻳﺪﻘﻧو ﺔﻴﻟﺎﻣ ﺔﺳﺎﻴﺳ ﻰﻟا يدﺆﻳ نا ﻦﻜﻤﻳ ﺔﻠﻤﻌﻟا ضﺎﻔﺨﻧا ﻊﻨﻤ Pidgueno financial policy can be our night Idwi Pmualla is reduced Prevention ﺔﻴﻤﺨﻀﺗ Pimkhaddt . . ٢- 2 - فﺮﺼﻟا ﺮﻌﺳ ﻲﻠﻜﺸﻟ قاﺮﻌﻟا عﺎﺒﺗا ﻰﻟاﺮﻴﺸﻳ ﻖﺑﺎﺴﻟا يﺮﻜﻔﻟا ضﺎﺨﻤﻟا نذا Exchange rate Ikoshl Iraq Ylarici follow the previous permission and intellectual Dhakhamla . . ﺠﻟ ﻮﻬﻓ Most OHV ا ﺄ Aa ﻰﻟ Yale ﺮﻌﺳ ﻰﻟا ﻞﻘﺘﻧا ﻢﺛ ﻦﻣو تﺎﻴﻨﻴﻧﺎﻤﺜﻟاو تﺎﻴﻨﻴﻌﺒﺴﻟا يﺪﻘﻋ ﻲﻓ ﺖﺑﺎﺜﻟا فﺮﺼﻟا ﺮﻌﺳ Ras night to our growth and then Taininamthelao Teiniabsla Idqa in Fixed exchange rate ﺪﻘﻋ ﻲﻓ ﺮﺤﻟا فﺮﺼﻟا Held in exchange-trips تﺎﻨﻴﻌﺴﺘﻟا Taniastla . . ﺪﻌﺑ After ٩/ 9 / ٤/ 4 / ٢٠٠٣ 2003 ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا غﺎﺒﺳا ﻲﻓ ﺮﺛﻻا ﻎﻟﺎﺑ ﺎﻬﻟ نﺎآ ﺎﻬﻴﻠﻋ ﺐﺗﺮﺗ ﺎﻣو The Iraqi economy and the impact Gabsa Gulab Naa people Ahila amputated Lamu ﻩﺬه ﺔﻣﺪﻘﻣ ﻲﻓ نﺎآو ﻖﺑﺎﺴﻟا ﻲﻓ ﻪﻴﻠﻋ ﺖﻧﺎآ ﺎﻤﻋ ًﺎﻳرﺬﺟ ﺖﻔﻠﺘﺧا تﺎﻤﺳو ﺺﺋﺎﺼﺨﺑ This presented in the previous Naao in Hela Tnaa bright Aerzj Tfeltkha Tamso Siackb مﺎﻈﻨﻟا ﻦﻣ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﻞﻳﻮﺤﺗ ﻮه تاﺮﻴﻐﺘﻟا Rules of the Iraqi Ranedla Ras opportunities to divert and his Tarigtla وا راﺪﻤﻟا مﺎﻈﻨﻟا ﻰﻟا ﺮﺤﻟا Wa Radmla Procedure night trips ﺮﻄﻴﺴﻤﻟا فﺮﺼﻟا ﺮﻌﺳ مﺎﻈﻧ Rtismla exchange rate system نﺄﺑ فﺮﺼﻟا رﺎﻌﺳا لﺎﻜﺷﻻ ﺎﻨﻠﻴﻠﺤﺗ ﺪﻨﻋ ﺎﻧﺮﺷا ﺎﻤآو ، ﻪﻴﻠﻋ Knapp exchange rate for Akeshla Anlelht when Anrcha Amao, Hela ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﺪﻳﺪﺤﺗ ﻲﻓ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﻞﺧﺪﺗ ﻞﺜﻤﻳ ﺮﻴﺧﻻا The Iraqi Ranedla value in identifying Izaramla Bank Intervention latter represents . . تﺎﻨﻴﻧﺎﻤﺜﻟا ﺪﻘﻋ ﻲﻓ ﻪﻴﻓ ﻞﻤﻋ يﺬﻟا بﻮﻠﺳﻻا ﺞﻬﺘﻧا ﺪﻗ قاﺮﻌﻟا نا ﻰﻟوﻻا ﺔﻠهﻮﻠﻟ وﺪﺒﻳ ﺪﻗ Taninamthela contract HIV in the work of our part may Ivla Paulssl our first Plholl Iraq and Dubai may ) ) ﺖﺑﺎﺜﻟا فﺮﺼﻟا ﺮﻌﺳ Fixed exchange rate ( ( ﺘﻋا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا نا ﻲه ﺔﻘﻴﻘﺤﻟا نا ﺮﻴﻏ Taa Izaramla Bank Na Ye Na Pkiqahla non- جﺰﻤﻟا بﻮﻠﺳا ﺪﻤ Dzmla Bolsa blood ﻈﻨﻟا ﻦﻴﺑ Znla between ﺎ A ﺖﺑﺎﺜﻟا مﺎﻈﻨﻟا و ﺮﺤﻟا م Fixed Rules and trips m . . ﻢﺠﺴﻨﻳ ﺎﻤﺑ ﺮﻴﻐﺘﻠﻟ ﻞﺑﺎﻗو ﻪﻬﺟ ﻦﻣ ﺖﺑﺎﺛ ﻪﻧﺄﺑ زﺎﺘﻤﻳ ﻲﻟﺎﺤﻟا فﺮﺼﻟا ﺮﻌﺳ نا نذا Mjsni including Rigtll to Bago Haj Hnob Zatmi constant of the current exchange rate us permission ﻊﻣ Uncle ىﺮﺧا ﺔﻬﺟ ﻦﻣ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا ﻪﺟاﻮﺗ ﻲﺘﻟا تاﺪﺠﺘﺴﻤﻟا Other Pahj of the Iraqi economy Hjaot Itla Tadjtzmla . . مﺎﻋ تﺎﻧﺎﻴﺑ ﻰﻟا ﺎﻧﺪﻋ ﻮﻠﻓ Shiny data Anda night Wolff ٢٠٠٤ 2004 ﺖﻐﻠﺑ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ نا ﺪﺠﻧ Overcome the Iraqi Ranedla the value of our DEC ) ) ١٥٠٠ 1500 ( ( ﻻود ﻞﻜﻟ رﺎﻨﻳد I would like for each KD اﺬه ﺮﻤﺘﺳاو ر This Rmtsaw t ﻦﻴﻣﺮﺼﻨﻤﻟا ﻦﻴﻣﺎﻌﻟا ﺔﻠﻴﻃ راﺮﻘﺘﺳﻻا ﻲﻓ ﺮﻌﺴﻟا Nimrsnmla Nimaala Plait Rarqtzlaa in Rasla ) ) ﻦهﺮﺒﺗ ﻲﺘﻟا تﺎﺑﺬﺑﺬﺘﻟا ﺾﻌﺑ دﻮﺟو ﻊﻣ Nhrepett Itla Tabzbztla dojo with some تﻼﻤﻌﻟا ﺔآﺮﺣ ﻰﻠﻋ Parah on currencies ﺔﻴﺒﻨﺟﻻا Pibngelaa ﺔﻴﻗاﺮﻌﻟا قﻮﺴﻟا ﻲﻓ Iraqi market in ( ( ﻲﻟﺎﺤﻟا مﺎﻌﻟا ﻊﻠﻄﻣ The current General Altm ) ) ٢٠٠٧ 2007 ( ( ﺗرا Liters ﺄ A ًاﺪﻤﺘﻌﻣ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻦﻴﺴﺤﺗ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ى Admtam the Iraqi Ranedla Izaramla Bank to improve the value of Z ﻲﻧﻮﻧﺎﻘﻟا ﻲﻃﺎﻴﺘﺣﻻا ﻢﺠﺣ ﺪﻳاﺰﺗ ﻰﻠﻋ ﻚﻟذ ﻲﻓ Legal reserve size on Diazat Klz in تﻼﻤﻌﻟا ﻦﻣ Currencies of ﺔﻴﺒﻨﺟﻻأ Pibngelao ﺎﻣ ﻰﻟا ﻞﺻو يﺬﻟاو At night or have voted Ivlao برﺎﻘﻳ Baraki ) ) ١٢ 12 ( ( مﺎﻋ ﺔﻳﺎﻬﻧ ﻲﻓ رﻻود رﺎﻴﻠﻣ Shiny at the end of U.S. $ billion ٢٠٠٦ 2006 . . نا ﻰﻟا رﺪﺠﺗ ةرﺎﺷﻻا Na night Rdjt reference ﻧ N ﻊﻣ ًﺎﻴﺷﺎﻤﺘﻣ ءﺎﺟ قاﺮﻌﻟا ﻲﻓ نﻻا ﻊﺒﺘﻤﻟا فﺮﺼﻟا ﺮﻌﺳ مﺎﻈ Aizhaemtem Ouaj with Iraq in the exchange rate now Apettmla Maz ا ﺮﻴﻏ فوﺮﻈﻟا A non-conditions عﺎﻔﺗراو ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ ةﺪﺣ ﺚﻴﺣ ﻦﻣ دﺎﺼﺘﻗﻻا ﺎﻬﺑ ﺮﻤﻳ ﻲﺘﻟا ﺔﻴﻌﻴﺒﻄﻟ Afterao Pdh inflation rates in terms of economy Giver throw Itla Pieibtal ﻚﻨﺒﻟا تاءاﺮﺟا نا رﺎﺒﺘﻋﻻا ﺮﻈﻨﺑ ﺬﺧﻻا ﻊﻣ ﺔﺸﻴﻌﻤﻟا ﻒﻴﻟﺎﻜﺗ عﺎﻔﺗراو ﺮﻘﻔﻟا تﻻﺪﻌﻣ Bank procedures into consideration our Rznb Zkhalaa with Pciemla costs Afterao poverty rates يﺰآﺮﻤﻟا Izaramla ﻊﻣ قاﺮﻌﻟا ﺎﻬﻣﺮﺑا ﻲﺘﻟا ﺔﻴﻟوﺪﻟا تﺎﻴﻗﺎﻔﺗﻻا مﻮﻤﻋ فاﺪها ﻊﻣ ﺔﻤﺠﺴﻨﻣ تءﺎﺟ With Iraq Ahmrba Itla Mouma objectives of international conventions with Pmjsnm Touaj ﺔﻴﻗﺎﻔﺗا ﺎﻬﻨﻴﺑ ﻦﻣ نﺎآو جرﺎﺨﻟا ﻲﻓ ﻦﻴﻨﺋاﺪﻟا Convention Ahnib Naao from abroad in Niniadla { EPCA} {EPCA} ﺔﻴﻗﺎﻔﺗاو Piqavtao {SBA} {SBA} ﻲﺘﻟاو Itlao ﺷا Sha رﺎ Ra ىﺮﺧا تاودا ﻊﻣ ﻢﻏﺎﻨﺘﻳ يﺬﻟا ﻞﻜﺸﻟﺎﺑ ﺔﻴﻗاﺮﻌﻟا ﺔﻠﻤﻌﻟا ﺔﻤﻴﻗ ﻦﻴﺴﺤﺗ ةروﺮﺿ ﻰﻟا ت Other tools with Mganti Ivla to Kfalb Iraqi Pmualla the need to improve the value of T at night ﻰﻠﻋ ﺎﻬﻌﻴﻤﺟ ﻞﻤﻌﺘﺳ ﺔﻳﺎﻬﻨﻟﺎﺑو ﺔﻳﺪﻘﻨﻟاو ﺔﻴﻟﺎﻤﻟا ﻦﻴﺘﺳﺎﻴﺴﻟا ﻦﻴﺑ ﺞﻳﺰﻣ نﻮﻜﺗ ﺪﻗ Ahaimj on the Mats Piahnlabo Pidguenlao financial Netseissela mix between Nukt may ﻒﻴﻔﺨﺗ Mitigate مﺪﻘﺘﻟاو ضﻮﻬﻨﻟا ﻮﺤﻧ ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗﻻا ﺔﻠﺠﻋ ﻊﻓدو ﻢﺨﻀﺘﻟا ةﺪﺣ Dohnla and progress towards the Iraqi economy Pldja Afdo inflation Pdh . . ٧ 7

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رﻮﺤﻤﻟا Rouhmla ﻊﺑاﺮﻟا IV : : ﺔﻴﺒﻠﺴﻟا رﺎﺛﻻا Negative impacts ﺔﻴﺑﺎﺠﻳﻻاو Pibajilo ﻬﻘﺗﺎﻋ ﻰﻠﻋ ﻊﻘﺗ نﺎﺘﻠﻟا نﺎﺘﺴﺳﺆﻤﻟا نﻼﺜﻤﻳ يﺰآﺮﻤﻟا ﻚﻨﺒﻟاو ﺔﻴﻟﺎﻤﻟا ةرازو نا Hguetaa licked on Natlla Natsswmla Nlatmi Izaramla Knblao our Ministry of Finance ﻤ M ﻊﺿو ﺎ Member of ﺔﻴﻟﺎﻤﻟا ﺔﺳﺎﻴﺴﻟا Financial Policy ﺔﻳﺪﻘﻨﻟاو Pidguenlao رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻦﻴﺴﺤﺗ ءاﺮﺟا نﺄﻓ ىﺬﻟ ﻢﻴﻠﺴﻟا ﻖﻴﺒﻄﺘﻟا ﻊﺿﻮﻣ Ranedla improve the value of NAF Earja humiliate the application Milsla Adum ﻞﻤﻋ ﻰﻠﻋ ةﺮﺷﺎﺒﻤﻟا ﺔﻴﺑﺎﺠﻳﻻاو ﺔﻴﺒﻠﺴﻟا رﺎﺛﻻا ﻦﻣ ﺔﻠﻤﺟ كﺮﺘﻳ نا ﺪﺑ ﻻ نﺎآ Prhapmla Pibajilo work on the negative impacts of Plmj Karti Na Naa do not bear ﻦﻴﺗﺎه These two ﻮﺤﻨﻟا ﻰﻠﻋو ﺔﻴﻠﻤﻌﻟا ﻩﺬه ﻦﻋ ﺔﻤﺟﺎﻨﻟا ﺔﻴﻟﺎﻤﻟا رﺎﺛﻵا ﺪﻳﺪﺤﺘﻟ ﻰﻌﺴﻨﺳ ﺎﻨﻧا ﻻا ﻦﻴﺘﺴﺳﺆﻤﻟا And Hnla Ylao process on these Pmjanla Financial implications Yasns we select L Netsswmla ﻲﺗﻻا Itlaa : : ﺔــﻴﺒﻠﺴﻟا رﺎــﺛﻻا Negative impacts : : يﺬﻟا ﻲﻟﺎﻤﻟا ﺐﻧﺎﺠﻟا ﻦﻣ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﻦﺴﺤﺘﻟ ﺔﻴﺒﻠﺴﻟا رﺎﺛﻻا ﻞﺜﻤﺘﺗ Financial Ivla from the Iraqi side of Ranedla opportunities Ras Nsanl the negative impacts of Tmtaat ﺔﻴﻟﺎﺘﻟا دﻮﻨﺒﻟﺎﺑ ﺔﻴﻟﺎﻤﻟا ةرازو ﻩﻻﻮﺘﺗ Ministry of Finance following Dunblab Hlaott : : ١- 1 - ا ةرازو تاداﺮﻳأ ضﺎﻔﺨﻧأ A Ministry of Tadareio is reduced ةرازو نﻻ ﻚﻟذو ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟﺎﺑ ﺔﻣﻮﻘﻤﻟا ﺔﻴﻟﺎﻤﻟ Ministry of Nla Kldhu local currency Pmoukmla Pelaml تاردﺎﺼﻟا ﻦﻣ ﻲﺗﺄﺘﻤﻟا رﻻوﺪﻟا ﻊﻴﺑ لﻼﺧ ﻦﻣ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﻰﻠﻋ ﻞﺼﺤﺗ ﺔﻴﻟﺎﻤﻟا Of export subsidies Itotmla Rlaoodla defect through the Iraqi Ranedla on the true financial ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻊﻔﺗﺮﺗ ﺎﻣﺪﻨﻌﻓ ﻲﻟﺎﺘﻟﺎﺑو ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﻰﻟا ﺔﻴﻄﻔﻨﻟا The value of the Iraqi Ranedla Aftert Amdnaf Ellatlabo the Iraqi Izaramla Bank night-oil نﻮﻜﺗ ﺎﻬﻴﻠﻋ ﻞﺼﺤﺗ نا ةرازﻮﻠﻟ ﻦﻜﻤﻳ ﻲﺘﻟا ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟا ﺔﻴﻤآ نﺄﻓ Nukt Ahila to correct our Prasull local currency that can be Hema Nave أ A ﻲﻓ ﻞﻗ In Lq ﻰﻟا ةرﺎﺷا Night signal ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﻦﺴﺤﺗ ﻊﻣ ﻲﺴﻜﻋ ﺐﺳﺎﻨﺗ دﻮﺟو The Iraqi Ranedla opportunities Ras has improved with Iskaa St. dojo . . ﻲﻣﺎﻌﻟ ﺔﻴﻟارﺪﻔﻟا ﺔﻧزاﻮﻤﻟا تﺎﻧﺎﻴﺑ Imaal Pylardfla Pnzaomla data ٢٠٠٦ 2006 ، , ٢٠٠٧ 2007 ﺖﻐﻠﺑ ذا ، ﺔﻘﻴﻘﺤﻟا ﻩﺬه ﺪآﺆﺗ The beat, This fact Dawt مﺎﻌﻟ ﺔﻄﻄﺨﻤﻟا ﺔﻧزاﻮﻤﻟا ﻲﻓ ﺔﻣﺎﻌﻟا تاداﺮﻳﻻا ﺔﻠﻴﺼﺣ Maal Pttkhamla Pnzaomla in the General Income Plisah ٢٠٠٦ 2006 ) ) ٤٥٫٥ 45.5 ( ( نﻮﻴﻟﺮﺗ Nuelrt لدﺎﻌﻳ ﺎﻣ ﻮهو رﺎﻨﻳد It is unnecessary to KD ) ) ٣٠٫٣ 30.3 ( ( ﺳ نا سﺎﺳا ﻰﻠﻋ رﻻود رﺎﻴﻠﻣ Q Na on the basis of U.S. $ billion ﻮهرﺎﻨﻳد فﺮﺻ ﺮﻌ Hranid opportunities and Ra ) ) ١٥٠٠ 1500 ( ( مﺎﻌﻟ ﺔﺣﺮﺘﻘﻤﻟا ﺔﻧزاﻮﻤﻟا تﺎﻧﺎﻴﺑ ﻦﻋ ﺎﻣا ، رﻻود ﻞﻜﻟ Maal proposed Pnzaomla data Na Lama, U.S. $ per ٢٠٠٧ 2007 ﺖﻐﻠﺑ ﺪﻘﻓ Overcome Dagaf ﺔﻣﺎﻌﻟا ﺎﻬﺗاداﺮﻳا General Ahtadareia ) ) ٥٠٫١ 50.1 ( ( رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﺮﻴﻐﺗ ءﻮﺿ ﻰﻠﻋو ، رﺎﻨﻳد نﻮﻴﻟﺮﺗ Ranedla opportunities Ras light Ylao Wright, JD Nuelrt ﺖﻐﻠﺑ ﻲﻟﺎﺤﻟا مﺎﻌﻟا تاداﺮﻳا ﺔﻠﻴﺼﺣ نا ﻲﻨﻌﻳ اﺬﻬﻓ Overcome the current General Tadareia Plisah our means Azhv ) ) ٣٩٫٨ 39.8 ( ( رﻻود رﺎﻴﻠﻣ U.S. $ billion . . ﺎﻨه ﻦﻣ That of ﻳﺪﻟا ﺔﻤﻴﻗ ﻦﻴﺴﺤﺗ ﺔﻴﻠﻤﻋ نا ﺢﻀﺘﻳ Mark the country to improve the value of our process Houdti ﻰﻠﻋ ﺔﻴﺒﻠﺴﻟا ﺎﻬﺗﺎﻌﺒﺗ ﺎﻬﻟ ﺖﻧﺎآ ﻲﻗاﺮﻌﻟا رﺎﻨ Ahtaabt negative on the Iraqi people Tnaa Ran ﻦﻣ ﺮﺒآا ٍرﺪﻗ ﺦﻀﺑ ﺔﻣﺰﻠﻣ ةﺮﻴﺧﻻﺎﻓ ، ﺔﻴﻟﺎﻤﻟا ةرازو ﻞﻤﻋ ﺔﻴﻜﻴﻧﺎﻜﻴﻣ Rbaa Rdq of pigment binding Prikhalaav, Ministry of Finance work Pikinaccim تارﻻوﺪﻟا Tarlaoodla ﻦﻣ ﻖﺑﺎﺴﻟا راﺪﻘﻤﻟا ﺲﻔﻧ ﻰﻠﻋ لﻮﺼﺤﻠﻟ Ships from previous Radegmla on the Osahll ﺔﻴﻟﺎﻤﻟا ةرازو ﻰﻠﻋ نذا ﺔﻴﻠﺤﻤﻟا ﺔﻠﻤﻌﻟا Ministry of Finance permission on local currency تاداﺮﻳﻻا ﻰﻟا ةرﺎﺷا ﻲﻓ ىﺮﺧﻻا ﺎﻬﺗاداﺮﻳا لﺎﻜﺷأ ﻞﻴﻌﻔﺗ ﻰﻠﻋ ﻞﻤﻌﺗ نا ﺎﻨه Income night in reference to other forms of Ahtadareia for Activating shined on us it ﺎﻴﺴﻟا Isla ﺔﻳد Head ) ) مﻮﺳﺮﻟاو ﺐﺋاﺮﻀﻟا Taxes and charges ( ( ﺔﻴﻠﻤﻋ ﻪﺛﺪﺤﺗ نا ﻦﻜﻤﻳ يﺬﻟا ﺺﻘﻨﻟا ﻲﻓﻼﺘﻟ Htdan our process can be Ivla shortage Evalatl ﻦﻣ ﻞﻜﺸﻟا اﺬه ﺔﻴﻠﻋﺎﻓ تﺎﻳﺪﻣ نا ﺮﻴﻏ ، ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﺢﻴﺤﺼﺗ From this figure the effectiveness of our non-Taedm, the Iraqi Ranedla opportunities Ras correction تاداﺮﻳﻻا Income ) ) ﺔﻳدﺎﻴﺴﻟا Pidaysla ( ( ﻞﻣاﻮﻌﻟا ﻦﻣ ﺔﻠﻤﺠﺑ مﻮﻜﺤﻣ Factors of Plmjb Mukhm ) ) ، ﻲﺒﻳﺮﻀﻟا ءادﻻا تاﺮﺷﺆﻣ , Tax Performance Indicators ﻈﻨﻟا ﻊﺿو ، ﺔﻴﺒﻳﺮﻀﻟا ﺔﻤﻈﻧﻻاو ﻦﻴﻧاﻮﻘﻟا ، ﺔﻳدﺎﺼﺘﻗﻻا ةروﺪﻟا Znla member, and tax laws and regulations, economic session ، ﻲﺴﺳﺆﻤﻟا مﺎ , The Institutional .. .. ﻩﺬﻬﻟ Hzhl ٨ 8 ﻲﺒﻠﺴﻟا ﺐﻧﺎﺠﻟا نا ﻻا ﺎﻬﻘﻴﻘﺤﺗ ﻊﻗﻮﺘﻳ ﻲﺘﻟا ﺔﻴﺑﺎﺠﻳﻻا رﺎﺛﻻا ﻦﻣ ﻢﻏﺮﻟﺎﺑ نذأ Passive side of our L Ahkiqaht Akoti Itla of positive effects of permission Mgrlab ﺔﻴﻟﺎﻤﻟا ةرازو ﻲه ﺎهرﺎﺛأ ﻞﻤﺤﺘﻴﺳ ﻦﻣو ﺎﺤﺿاو تﺎﺑ ﺔﻴﻠﻤﻌﻟا Ministry of Finance for Yeh Epehrto Mahtis growth Ahoudao repents process . .

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٢- 2 - ﻲﻣﻮﻜﺤﻟا قﺎﻔﻧﻻا ﻢﺠﺣ نﺄﻓ ﻩﻼﻋا ﺔﻄﻘﻨﻟﺎﺑ ًﺎﻃﺎﺒﺗرا Intergovernmental expenditure above the volume of NAF Ptguenlab Atabtra ﻟا Not ﻲﻜﻳﺮﻣﻻا رﻻوﺪﻟﺎﺑ ﻢﻴﻘﻤ Ikkerml Rlaoodlab Miqm اﺬه ﺢﻀﺘﻴﺳو دادﺰﻳ فﻮﺳ This will Houdteso Dadzie أ A ﺒآا ﻞﻜﺸﺑ ﺮﺛﻻ Cable to Kcb Rthela ﺔﻨﺳ ﻲﻓ ﺮ Whence in t ٢٠٠٧ 2007 ﻰﻟا ًادﺎﻨﺘﺳا Night Adantsa ﻢﺠﺣ ﻲﻓ ًﻼﺋﺎه ًاﻮﻤﻧ ﺪﻬﺸﻴﺳ يﺬﻟاو مﺎﻌﻟا اﺬﻬﻟ حﺮﺘﻘﻤﻟا ﺔﻣﺎﻌﻟا ﺔﻧزاﻮﻤﻟا عوﺮﺸﻣ Size in the Aiah believe Dhishis Ivlao General stunned the proposed draft general budget ﻲﻣﻮﻜﺤﻟا قﺎﻔﻧﻻا Intergovernmental expenditure . . مﺎﻋ ﺔﻧزاﻮﻣ تﺎﻧﺎﻴﺒﺑ ﻖﻠﻌﺘﻳ ﺎﻤﻴﻓ Shiny Pnzawm statements were made ​​in relation to ٢٠٠٦ 2006 مﺎﻌﻟا قﺎﻔﻧﻻا نا ﺪﺠﻧ Public expenditure Na DEC ﻎﻠﺑ Defeated ) ) ٥٠٫١ 50.1 ( ( لدﺎﻌﻳ ﺎﻣ يا رﺎﻨﻳد نﻮﻴﻟﺮﺗ Or you need to KD Nuelrt ) ) ٣٣٫٣ 33.3 ( ( ﻰﻟا لﺎﻘﺘﻧﻻﺎﺑو رﻻود رﺎﻴﻠﻣ Aguetnlbo night to U.S. $ billion مﺎﻋ تﺎﻧﺎﻴﺑ Shiny data ٢٠٠٧ 2007 نا ﺪﺠﻧ Na DEC ﻎﻠﺑ ﻲﻣﻮﻜﺤﻟا قﺎﻔﻧﻻا Defeated Intergovernmental expenditure ) ) ٥١٫٧ 51.7 ( ( نا يا رﺎﻨﻳد نﻮﻴﻟﺮﺗ Na, O KD Nuelrt ـﺑ رﺪﻘﺗ ﻖﺑﺎﺴﻟا مﺎﻌﻟا ﻦﻋ ﻮﻤﻧ ﺔﺒﺴﻧ كﺎﻨه B Rdguet previous General Na ratio and there )٣ ) 3 (% (% فﺮﺼﻟا ﺮﻌﺳ نا ضاﺮﺘﻓﺄﺑو Exchange rate us Dhartvobo ﺪﻳﺪﺠﻟا Didjla ) ) ١٢٦٠ 1260 ( ( مﺎﻌﻟا قﺎﻔﻧﻻا ﻢﺠﺣ ﻎﻠﺒﻳ اﺬﻬﺑ Public expenditure size Gelbi Go ) ) ٤١ 41 ( ( رﺎﻴﻠﻣ Billion نا ﻲﻨﻌﻳ اﺬهو ، رﻻود Na means Azho, U.S. $ ﺖﻐﻠﺑ مﺎﻌﻟا قﺎﻔﻧﻻا ﻲﻓ ﺔﻘﻘﺤﺘﻤﻟا ةدﺎﻳﺰﻟا راﺪﻘﻣ Overcome public expenditure in the increase Pqqahtmla Radegm ) ) ٧٫٧ 7.7 ( ( ﻻود رﺎﻴﻠﻣ I would like to billion مﺎﻋ لﻼﺧ ر Shiny during t ﺪﺣاو Have one . . ٣- 3 - ﺔﻔﻠآ عﺎﻔﺗرا Pvla Aftera ﺔﻣﺪﺧ Service كﻮﻨﺒﻠﻟ ﺔﻴﻠﺤﻣ نﻮﻳد ﻚﻟﺎﻨه ناو ًﺎﺻﻮﺼﺧ ﻲﻠﺧاﺪﻟا مﺎﻌﻟا ﻦﻳﺪﻟا Konbll Pelhm Naveed Klanh Naw Assock Rules of public debt اﺬه ﻰﻠﻋ ةﺪﺋﺎﻔﻟا رﺎﻌﺳا نﺄﺑ ًﺎﻤﻠﻋ ، ﺔﻴﻟﺎﻤﻟا ةرازو ﻰﻠﻋ يﺰآﺮﻤﻟا ﻚﻨﺒﻟاو ﺔﻳرﺎﺠﺘﻟا This Pdiavla on prices of Knapp note, the Ministry of Finance on Izaramla Knblao commercial ﺬﺧا ﻦﻳﺪﻟا Zkha debt ت T زوﺎﺠﺘﻣ ةﺮﻴﺧﻻا ﻪﻧوﻻا ﻲﻓ عﺎﻔﺗرﻻﺎﺑ In recent Sbatm Hnolaa in Afterlb ًة E ﺔﺒﺴﻧ Proportion ) ) ٢٠ 20 (% (% ﺎﻨﻔﺿا اذﺄﻓ ، Anfdha Azov, ﻌﻟا ﻊﻣ ﺔﻔﻠﻜﻟا ﻩﺬه Ola Pfalakla with this رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻲﻓ عﺎﻔﺗرﻻاو تاداﺰﻤﻟا ﻰﻠﻋ ﺔﺒﺗﺮﺘﻤﻟا تﻻﻮﻤ Ranedla value in Afterlo Tadazemla on Ppetrtmla Lawm ةرازﻮﻟا ﻰﻠﻋ ﻲﻓﺎﺿا ءﺐﻋ ﺎﻬﻋﻮﻤﺠﻤﺑ ﻞﻜﺸﺘﺳ ﺎﻬﻧﺄﻓ ﻲﻗاﺮﻌﻟا An additional burden on the Ministry to Ahaumajmb to the Iraqi Kchets Ahnov . . ﺔﻴﺑﺎﺠﻳﻻا رﺎﺛﻻا Positive effects : : ١- 1 - ًﺎﺻﻮﺼﺧ ، ﻢﺨﻀﺘﻟا حﺎﻤﺟ ﺢﺒآ ﻰﻠﻋ رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﻦﺴﺤﺗ ﺲﻜﻌﻨﻳ نا ﻊﻗﻮﺘﻳ Assock, inflation Hamj love on Ranedla opportunities Ras has improved our Skni Akoti ﻟا ﻚﻨﺒﻟا ﻞﺒﻗ ﻦﻣ ةﺪﺋﺎﻔﻟا رﺎﻌﺳا ﻊﻓر ﻲﻓ ﻞﺜﻤﺘﻳ ﺮﺧا ءاﺮﺟا ﻪﻘﻓار Not before the Bank of Pdiavla prices of Afar in the segment, Rakha Earja Hagafar يﺰآﺮﻤ Izarm . . ﻤﻟا ﻲﺑﺎﺠﻳﻻا ﺮﺛﻻا نﺄﻓ ﺔﻴﻘﻴﻘﺤﻟا ﻲﻓ Mullah Ibajil impact in the Nave Piqiqahla ﺆ W ﺗ ﻮه ضﺮﻐﻟا اﺬه ﻦﻣ ﻪﻘﻴﻘﺤﺗ ﺪآ T and his hope to achieve the purpose of this S ﺠﺤ And most likely تﻻﺪﻌﻣ ﻢﻴ Rates mi ﺪﻘﻨﻟا ضﺮﻋ Monetary udder نا Us ﻨﻟا ضﺮﻌﻟا ﻢﺠﺣ Nla Display size ﻘ S ةﺪﻤﻠﻟ يﺪ Pdmell by ) ) ٢٠٠٢ 2002 - - ٢٠٠٦ 2006 ( ( ةدﺎﻳز ﺔﻟﺎﺣ ﻲﻓ Increase in case of ، يﺪﻘﻨﻟا ﻒﻋﺎﻀﻤﻟا ﻞﻌﻔﺑ ةدﺮﻄﻀﻣ , For cash Fadmla Afb Pdrtdm ﻢﻗر لوﺪﺠﻟا تﺎﻧﺎﻴﺑ ﻩﺪآﺆﺗ ﺎﻣ ﻲهو The headquarters of the table data Hdawt or Iho ) ) ١ 1 ( ( ﺎﻣﺪﻌﺒﻓ Amdapf ﻐﻠﺑ Defeated ﺖ T لواﺪﺘﻟا ﻲﻓ ﺔﻠﻤﻌﻟا To Oadtla in Pmualla ) ) ٢٫٥ 2.5 ( ( ﻨﻳد نﻮﻴﻟﺮﺗ Ned Nuelrt مﺎﻋ رﺎ Shiny ra ٢٠٠٢ 2002 ﻎﻠﺑ ﻰﺘﺣ عﺎﻔﺗرﻻا ﻞﺻاو Dominated until the Afterl Cao ) ) ٤٫٦ 4.6 ( ( رﺎﻨﻳد نﻮﻴﻟﺮﺗ KD Nuelrt مﺎﻋ Shiny ٢٠٠٣ 2003 مﺎﻋ ﺎﻣا Shiny either ٢٠٠٤ 2004 ﻎﻠﺑ ﺪﻘﻓ Defeated Dagaf ) ) ٧٫١ 7.1 ( ( ﻢﺛ رﺎﻨﻳد نﻮﻴﻟﺮﺗ Then JD Nuelrt ﻰﻟا ﻊﻔﺗرا Night increased from ) ) ٩٫١ 9.1 ( ( مﺎﻋ رﺎﻨﻳد نﻮﻴﻟﺮﺗ Shiny KD Nuelrt ٢٠٠٥ 2005 ﻰﻟا ﻰﻟا ﻞﺼﻴﻟ ﻢﺛ Night to night and then Waseel ) ) ٩٫٢ 9.2 ( ( رﺎﻨﻳد نﻮﻴﻟﺮﺗ KD Nuelrt مﺎﻋ Shiny ٢٠٠٦ 2006 . . ﺔﻳرﺎﺠﻟا ﻊﺋادﻮﻟا ﺔﻤﻴﻗ ﻦﻋ ﺎﻣا Ongoing deposits the value of either Na ﻟ For صﺎﺨﻟا عﺎﻄﻘﻠ The private Atql ﺔﻳرﺎﺠﺘﻟا فرﺎﺼﻤﻟا ىﺪﻟ Commercial Frasamla shows ﻲﻬﻓ Ihv ﺖﻐﻠﺑ ﺎﻣﺪﻌﺒﻓ عﺎﻔﺗرﻻﺎﺑ ﻩﺬﺧا ىﺮﺧﻻا Overcome Amdapf Afterlb Hzkha other ) ) ١٫١ 1.1 ( ( مﺎﻋ رﺎﻨﻳد نﻮﻴﻟﺮﺗ Shiny KD Nuelrt ٢٠٠٣ 2003 ﺖﻐﻠﺑ ﻰﺘﺣ عﺎﻔﺗرﻻا ﺖﻠﺻاو Beat until Afterl has continued ) ) ٣٫٩ 3.9 ( ( مﺎﻋ Shiny ٢٠٠٦ 2006 . . ٩ 9

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تﺎﻧﺎﻴﺒﻟا ﻰﻟا ادﺎﻨﺘﺳا ﻢﻜﺤﻧ نا ﻲﻬﻳﺪﺒﻟا ﻦﻣ نذا Data night Adantsa Mkhn Na Ihedbla permission of the ) ) ﺔﻳرﺎﺠﻟا ﻊﺋاﻮﻟاو لواﺪﺘﻟا ﻲﻓ ﺔﻠﻤﻌﻟا Ongoing Aiaulau to Oadtla in Pmualla ﻖﻴﻀﻟا ﺪﻘﻨﻟا ضﺮﻋ مﻮﻬﻔﻣ نا ﻰﻟا Monetary Kidila is shown that the concept of night ) ) M١ M1 ( ( ﻎﻠﺑ ﺎﻣﺪﻌﺒﻓ ةدﺎﻳﺰﻟﺎﺑ ﺬﺧأ Defeated Amdapf Pdayizlab Zko ) ) ٥٫٧ 5.7 ( ( نﻮﻴﻟﺮﺗ Nuelrt ﻣ ﻞﻜﺸﺑو ةدﺎﻳﺰﻟا ﻞﺻاو رﺎﻨﻳد M for the increase of Kcbo Cao JD ﻀ Z ﻎﻠﺑ ﻰﺘﺣ دﺮﻄ Dominated until expulsion ) ) ١٣٫٢ 13.2 ( ( تﺎﻧﺎﻴﺑ ﺐﺴﺣ رﺎﻨﻳد نﻮﻴﻟﺮﺗ KD data Bsh Nuelrt مﺎﻋ Shiny ٢٠٠٦ 2006 . . تﺬﺧا ﺔﻣﻮﻜﺤﻟا نا ﺪﺠﻧ ﺎﻨه ﻦﻣ Tzkha that the government of our DEC ﻜﻟا ﺐﺤﺳ ﺎﻬﻟﻼﺧ ﻦﻣ ﻦﻜﻤﻳ ﻲﺘﻟا تاودﻻا ﻦﻋ ﺚﺤﺒﺗ During which both a sense of tools that can be Na Thpt ﺘﺔﻠ Touched ﻨﻟاﻘ Nlaq ﻰﻠﻋ ةﺪﺋﺎﻔﻟا رﺎﻌﺳا ﻊﻓر لﻼﺧ ﻦﻣ وا ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﺔﻳﻮﻘﺗ لﻼﺧ ﻦﻣ ءاﻮﺳ ﺔﻳﺪ Pdiavla on prices of the Afar or through the Iraqi Ranedla value Strengthening through Ouaos Head ﻟا ﻊﺋادو No deposits ﺪﻟ ﺔﻳرﺎﺠﺘﻟا كﻮﻨﺒ Del commercial Banks ى Z ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا The Iraqi Izaramla Bank . . يﺰآﺮﻤﻟا ﻚﻨﺒﻟا مﺪﻗا ﺪﻘﻓ ﻞﻌﻔﻟﺎﺑو Izaramla Bank Medka Dagaf to Aflabo ﻳﺪﻟ ﺔﻳرﺎﺠﺘﻟا كﻮﻨﺒﻟا ﻊﺋادو ﻰﻠﻋ ﻩﺪﺋاﻮﻓ رﺎﻌﺳا ﻊﻓر ﻰﻠﻋ Indicates commercial Banks on deposits Hdiaov on prices of the Afar ﻪ E ﻰﺘﺣو ﻲﺿﺎﻤﻟا مﺎﻌﻟا ﺮﺧاوا And until the past year late ﻌﺑﺎﺘﺗ ﺪﻘﻓ ، ﻲﻟﺎﺤﻟا مﺎﻌﻟا ﻊﻠﻄﻣ Abataat Dagaf, the current General Altm ﺔ E ﻦﻣ تادﺎﻳﺰﻟا ﻩﺬه Tadayizla of this )٧ ) 7 % % ، , ١٠ 10 % % ، , ١٢ 12 % % ، , ١٦ 16 .(% . (% ﻴﻟﺎﻤﻟا ﻦﻴﺘﺳﺎﻴﺴﻟا تاودا ﺮﻓﺎﻈﺗ نا ﻚﺷ ﻼﺑ Financial Netseissela tools Rvazt Na Kish Lab ﻦﻣ ﻒﻴﻔﺨﺘﻟا ﻰﻟا يدﺆﻳ ناو ﺪﺑﻻ ﺔﻳﺪﻘﻨﻟاو ﺔ Mitigation of the night Idwi Naw Dbla Pidguenlao e فﺪﻬﻟا ﻮهو ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻠﻟ ﺔﻴﻘﻴﻘﺤﻟا ﺔﻤﻴﻘﻟا ﻊﻓر ﺔﺠﻴﺘﻨﻟﺎﺑ ﻲﻨﻌﻳ ﺎﻤﻣ ﻢﺨﻀﺘﻟا ةﺪﺣ A target value of the Iraqi Ranidallal Piqiqahla Afar Pgittenlab inflation means the United Pdh ﻚﻟذو نﺄﺸﻟا اﺬﻬﺑ ًاﺮﻴﺜآ ﻞﺋﺎﻔﺘﻟا ﻦﻜﻤﻳﻻ ﻪﻧا ﻰﻟا ةرﺎﺷﻻا رﺪﺠﺗو ءاﺮﺟﻻا اﺬه ﻦﻣ ﻰﻐﺘﺒﻤﻟا Kldhu Nofal Aretha to go here at night Iavcla Nkamila reference Rdjto this procedure of Ygtbmla ﻻا ﻲﻓ ﺔﻴﻤﺨﻀﺗ رﺎﺛا رﻮﻬﻇ ﻰﻟا يدﺆﺗ ﺔﻴﻤها تاذ ىﺮﺧا ﻞﻣاﻮﻋ دﻮﺟﻮﻟ L in Pimkhaddt Ratha emergence night that lead the importance of other factors relevant Dojul ﻲﻗاﺮﻌﻟا دﺎﺼﺘﻗ The Iraqi Dastq . . ﻢﻗر لوﺪﺟ The headquarters of the Lodge ) ) ١ 1 ( ( ﺪﻘﻨﻟا ضﺮﻋ ﺢﺿﻮﻳ Monetary displayed Hazavi ) ) M١ M1 ( ( ) ) رﺎﻨﻳد رﺎﻴﻠﻣ KD billion ( ( ضﺮﻋ عﻮﻤﺠﻣ Displayed the total ﺪﻘﻨﻟا Monetary ) ) M١ M1 ( ( ﺔﻳرﺎﺠﻟا ﻊﺋادﻮﻟا Ongoing deposits ﻲﻓ ﺔﻠﻤﻌﻟا ﻲﻓﺎﺻ In Pmualla Net لواﺪﺘﻟا To Oadtla )١ ) 1 ( ( تاﻮﻨﺴﻟا Years; )٢ ) 2 ( ( ) ) ١+ 1 + ٢( 2 ( ﺮﻴﻐﺘﻟا ﺔﺒﺴﻧ Rigtla percentage ٣٫٠١٣ 3.013 ٤٤٩ 449 ٢٫٥٦٣ 2.563 ٢٠٠٢ 2002 ــــــــــــــــ ٥٫٧٧٣ 5.773 ١٫١٤٣ 1.143 ٤٫٦٢٩ 4.629 ٢٠٠٣ 2003 ٩١٫٦ 91.6 % % ١٠٫١٤٨ 10.148 ٢٫٩٨٥ 2.985 ٧٫١٦٢ 7.162 ٢٠٠٤ 2004 ٧٥٫٧ 75.7 % % ١١٫٣٩٩ 11.399 ٢٫٢٨٦ 2.286 ٩٫١١٣ 9.113 ٢٠٠٥ 2005 ١٢٫٣ 12.3 % % ١٣٫٢٢٦ 13.226 ٣٫٩٣٢ 3.932 ٩٫٢٩٤ 9.294 ٢٠٠٦ 2006 ٭ * ١٦ 16 % % ٭ * تﺎﻧﺎﻴﺑ Data مﺎﻋ Shiny ٢٠٠٦ 2006 ا ﺮﻬﺷ ﺔﻳﺎﻐﻟ A Rhish Pjagl ﻳ J ﻢﻗﺮﻤﻟا ﻲﻗاﺮﻌﻟا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا بﺎﺘآ ﺐﺴﺣ لﻮﻠ Mqurmla the Iraqi Izaramla Bank Bata Bsh lol ) ) ٤/ 4 / ٧/ 7 / ٢٥١٦ 2516 ( ( ١٠ 10

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٢- 2 - ﻰﻠﻋ رﺎﺠﺘﻟا ﻊﺠﺸﻳ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ عﺎﻔﺗرا Encourages Rajtla on the value of the Iraqi Ranedla Aftera اﺬهو جرﺎﺨﻟا ﻦﻣ تاداﺮﻴﺘﺳﻻا ةدﺎﻳز Azho from abroad increased Tadaretsl ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﺔﻳﻮﻘﺗ ﺔﻴﻠﻤﻋ نذا ، قاﺮﻌﻟا ﻰﻟا تﺎﻣﺪﺨﻟاو ﻊﻠﺴﻟا ﻖﻓﺪﺗ ةدﺎﻳز ﻲﻨﻌﻳ Strengthening the value of the Iraqi Ranedla authorization process, Iraq at night increased flow of goods and services means ﻦﻣ جرﺎﺨﻟا ﻦﻣ درﻮﺘﺴﻤﻟا ﻲﻌﻠﺴﻟا ضوﺮﻌﻤﻟا ﻦﻣ ﺮﺒآا رﺪﻗ ﺦﺿ ﻰﻠﻋ ﻞﻤﻌﺗ نا ﺎﻬﻧﺄﺷ ﻦﻣ From abroad of Drutsmla Commodity Addouramla Rbaa Rdq from Ford on the GTI of our Ahnoc ﺧﻻا نﻻ ﻲﻧﺎﺛ ﺐﻧﺎﺟ ﻦﻣ ﻲﻠﺤﻤﻟا جﺎﺘﻧﻻا ﻊﻴﺠﺸﺗو ﻪﻬﺟ Khalaa Nla Inat Bnag of local production and encourage Haj ﻴ J ﻋ ﺎﻣ ٍﺪﺣ ﻰﻟاو ﺪﻤﺘﻌﻳ ﺮ P Ylao some extent depends on t ﻞﻣاﻮﻋ ﻰﻠ Factors for Yale ﻲﻓ ﻊﻠﺴﻟا ﻦﻣ ﻲﻠﻜﻟا ﺐﻠﻄﻟا ﻞﻌﺟ رﺎﻃا ﻲﻓ ﺐﺼﻨﻳ ﻪﻠآ اﺬهو جرﺎﺨﻟا ﻦﻣ ةدرﻮﺘﺴﻣ جﺎﺘﻧا Elkla of goods in demand in the Making framework Besni Hala Azho from abroad Pdrutsm production ﺔﻴﻟﺎﻤﻟا دراﻮﻤﻟا ﺔﻳواز ﻦﻣ ﺎﻣا ، ﺎﻬﻨﻣ ضوﺮﻌﻤﻟا ﻊﻣ ﺔﻤﺋاﻮﻣ ﺔﻟﺎﺣ Financial resources from either angle, Ahnm Addouramla harmonization with the case ﺔﻣﺎﻌﻟا General نا ﻦﻜﻤﻳ ﻲﺘﻟا Na that can be نا ﻪﻧﺄﺷ ﻦﻣ تادرﻮﺘﺴﻤﻟا ةدﺎﻳز نا ﻲﻓ ﻞﺜﻤﺘﺗ ﻲﻬﻓ ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟا ﺔﻤﻴﻗ ﻊﻓر ﺎﻬﻘﻘﺤﻳ Na Hnoc Tadrotzmla increase of Na in the Tmtaat Ihv Ranedla the value of the Iraqi Afar Ahqqahi ﺮﻳا ةدﺎﻳز ﻰﻠﻋ ﻞﻤﻌﻳ RIA increase on to me مﻮﺳﺮﻟا ﻦﻣ ﺔﻟوﺪﻟا تادا Charges from the State Tada نﻮﻧﺎﻘﺑ ﻞﻤﻌﻟا ﻞﻴﻌﻔﺗ ﺐﺟﻮﺘﺴﻳ يﺬﻟا ﺮﻣﻻأ By law to work for Activating Bjoutsi Ivla Ramlao ﺚﻴﺣ ﻢﻟﺎﻌﻟا لوﺪﺑ ةﻮﺳأ ﺔﻳدوﺪﺤﻟا ﺬﻓﺎﻨﻤﻟا ﻲﻓ ﺐﻴﺴﺘﻟا ءﺎﻬﻧأ ﺪﻌﺑ ﺔﻴآﺮﻤﻜﻟا ﺔﻔﻳﺮﻌﺘﻟا Where the world to bear obsession Pidodahla Zvanmla in Bestela termination after Piarmcla Pveratla ﻰﻠﻋ نﻻأ ﺮﻣﻻأ ﺮﺼﺘﻘﻳ Now on Ramlao Rstaki ﺪﻴﺣو ًﻼﻜﺷ Diho to Akesh ا A رﺎﻤﻋا ةدﺎﻋا ﻢﺳر ﻲﻓ ﻞﺜﻤﺘﻳ ﺔﻴآﺮﻤﻜﻟا مﻮﺳﺮﻟا ﻦﻣ Rama re-Mysore in the segment, Piarmcla charges of ﻎﻟﺎﺒﻟاو قاﺮﻌﻟا Glablao Iraq )٥ ) 5 (% (% ا ﻦﻣ تادرﻮﺘﺴﻤﻟا ﺔﻤﻴﻗ ﻰﻠﻋ Tadrotzmla of a value on جرﺎﺨﻟ Jrakhl ١ 1 ٣- 3 - لﻮﺧد ﻲﻣﺎﻨﺗ ﻰﻟا دﻮﻘﻳ يرﺎﺠﺘﻟا طﺎﺸﻨﻟا ﻲﻓ ﻊﺳﻮﺘﻟا نﺄﻓ ﻩﻼﻋا ﺔﻄﻘﻨﻟﺎﺑ ًﺎﻃﺎﺒﺗرا The entry Imant night Ducal Commercial activity in the expansion and Nave above Ptguenlab Atabtra ﻞﺧﺪﻟا ﻰﻠﻋ ﺐﺋاﺮﻀﻟا تاداﺮﻳا ﻲﻓ ﻮﻤﻧ ﻰﻟا ًﺎﻴﺋﺎﻘﻠﺗ يدﺆﻳ ﺎﻤﻣ ، ﻦﻳدرﻮﺘﺴﻤﻟا On income taxes Tadareia in and night automatically Idwi UN, Nidrutsmla اذا ﺎﺻﻮﺼﺧ Particularly if ﺔﻳرادﻻا تﺎﻬﺠﻟا ﻦﻴﺑ تﺎﻣﻮﻠﻌﻤﻟا لدﺎﺒﺗ مﺎﻈﻧ ﻞﻴﻌﻔﺗ ﻢﺗ ﺎﻣ Administrative Tahgela between the exchange of information system for Activating been or ﺔﻴﺒﻳﺮﻀﻟا And tax ) ) ﺔﻣﺎﻌﻟا ﺔﺌﻴﻬﻟا General Body ﺔﺌﻴﻬﻟاو كرﺎﻤﻜﻠﻟ Piihlao Kramkll ﺐﺋاﺮﻀﻠﻟ ﺔﻣﺎﻌﻟا Biardill General (. (. ١١ 11 ١ 1 ﻟاو تادرﻮﺘﺴﻤﻟا ﻰﻠﻋ ﺔﻴآﺮﻤﻜﻟا ءﺎﺒﻋﻻا ﻒﻴﻔﺨﺗ ﻲﻓ ﻞﺜﻤﺘﺗ ﺔﻴﺑﺎﺠﻳا ﺐﻧاﻮﺟ قاﺮﻌﻟا رﺎﻤﻋا ةدﺎﻋا ﻢﺳر ﺔﻤﻴﻗ ضﺎﻔﺨﻧﻻ نا Lao Tadrotzmla Piarmcla on alleviating the burdens of Tmtaat Pibajia aspects of Iraq re-Rama Mysore value Dhafajnla Na ًﺎﺒﻟﺎﻏ ﺔﻔﻠآ ﻞﻜﺸﺗ ﻲﺘ Inform Pvla constitute It ﺔﻴﺿﺎﻘﻟا ﻲﻟوﺪﻟا ﻚﻨﺒﻟاو ﺪﻘﻨﻟا قوﺪﻨﺻ تﺎﻔﺻوو ﻲﻟوﺪﻟا ﻩﺎﺠﺗﻻا ﻊﻣ ﻰﺷﺎﻤﺘﻳ ﺎﻣ ًﺎﺒﻟﺎﻏ اﺬه ضﺎﻔﺨﻧﻻاو ﻚﻠﻬﺘﺴﻤﻟا ﻖﺗﺎﻋ ﻰﻠﻋ ﺎهءﺎﻘﻟا ﻢﺘﻳ ﺎﻣ Pidhaqla Knblao International Monetary Fund Tavsoo with the international trend is to inform this Yhamte Dhafajnlo Consumer Guetaa on Ahouaqla Matthew M نﺎﻣﺮﺣ ﻲﻓ ﻞﺜﻤﺘﺗ ﻲﻬﻓ ﺔﻴﺒﻠﺴﻟا ﻪﺒﻧاﻮﺟ ﺎﻣا ، تﺎﻣﺪﺨﻟاو ﻊﻠﺴﻟا جوﺮﺧو لﻮﺧد ﺔﻳﺮﺣ ﻰﻠﻋ ﻞﻤﻌﻟاو ﺔﻴآﺮﻤﻜﻟا ءﺎﺒﻋﻻا ﺾﻴﻔﺨﺗ ةروﺮﻀﺑ Namrah in the Tmtaat Ihv negative Hbnawj Lama, goods and services Jorgo on freedom of entry to reduce the burdens Mkla Piarmcla Prorill ا A ﻲﻟﺎﺤﻟا فﺮﻈﻟا ﻞﻇ ﻲﻓ ًﺎﺻﻮﺼﺧ ﻪﻨﻣ ﻲﻧﺎﻌﺗ يﺬﻟا ﺰﺠﻌﻟا ﺔﻠﻜﺸﻣ ﺔﺠﻟﺎﻌﻣ ﻲﻓ ﺎﻣ ٍﺪﺣ ﻰﻟاو ﻢﻬﺴﻳ نا ﻦﻜﻤﻳ ٍداﺮﻳﻻ ﺔﻣﺎﻌﻟا ﺔﻧزاﻮﻤﻟ Z in the current Vrzla Assock Hnm Ivla you suffer disability in addressing the problem of Ylao contributes to some extent can our public Darila Pnzawml . .

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ﺲﻣﺎﺨﻟا رﻮﺤﻤﻟا V Rouhmla : : تﺎﻴﺻﻮﺘﻟاو تﺎﺟﺎﺘﻨﺘﺳﻻا CONCLUSIONS AND RECOMMENDATIONS تﺎﺟﺎﺘﻨﺘﺳﻻا CONCLUSIONS : : ١- 1 - ﺘﻟا ﻦﻴﺑ قاﺮﻌﻟا ﻲﻓ فﺮﺼﻟا ﺮﻌﺳ ﺎهﺬﺨﺗا ﻲﺘﻟا ﻢﻈﻨﻟاو لﺎﻜﺷﻻا دﺪﻌﺗ نا Read out between Iraq in the exchange rate Ahzkhta Itla systems and multiplicity of shapes Na ﺄ A ﺢﺟر Stone ﺔﻳدﺎﺼﺘﻗﻻا فوﺮﻈﻟا ﺔﻌﻴﺒﻃو ﻖﻔﺘﻳ ﺎﻤﺑو راﺪﻤﻟاو مﻮﻌﻤﻟاو ﺖﺑﺎﺜﻟا فﺮﺼﻟا ﺮﻌﺴﺑ Economic conditions and nature Agafti Lambo Radamlaw Muaamlaw Fixed at the rate of exchange- اﺬه دﺎﺠﻳا ﺖﺒﻠﻄﺗ ﻲﺘﻟا ﺔﻴﺳﺎﻴﺴﻟاو This Dagia Thbltt Itla and political فﺮﺼﻟا ﻢﻈﻧ ﻦﻣ كاذ وا ﻞﻜﺸﻟا Systems of exchange-Kaz Wa Figure . . ٢- 2 - تﻼﻤﻌﻟا ﻦﻣ يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ىﺪﻟ ﻲﻧﻮﻧﺎﻗ يﺪﻘﻧ ﻲﻃﺎﻴﺘﺣا دﻮﺟﻮﻟ نﺎآ Currencies of a legal Izaramla Bank indicates a cash reserve Dojul Naa ﺔﻴﺒﻨﺟﻻا Pibngelaa رود Rod راﺪﻤﻟا ﺮﻌﺴﻟا مﺎﻈﻧ ﻰﻟا مﻮﻌﻤﻟا فﺮﺼﻟا مﺎﻈﻧ لﺎﻘﺘﻧا ﻞﻴﻌﻔﺗ ﻲﻓ Radmla Rasla system night Muamla exchange-system for transmission to the Activating . . ٣- 3 - ﺔﻴﺒﻠﺳ ﺐﻧاﻮﺟ كﺮﺘﺗ نا ﺪﺑﻻ راﺪﻤﻟا فﺮﺼﻟا ﺮﻌﺳ مﺎﻈﻧ ﻰﻟا لﺎﻘﺘﻧﻻا ﺔﻴﻠﻤﻋ نا Pibuls aspects of our Krtt Dbla Radmla exchange rate system at night to our transition process ﺎﺌﻓ ﻰﻠﻋ Aiv on ت T ﻮﺼﺧ ﻊﻤﺘﺠﻤﻟا ﻦﻣ ﺔﻨﻴﻌﻣ Ock society of certain ﻲﺒﻨﺟﻻا ﺪﻘﻨﻟﺎﺑ ﻦﻴﻠﻣﺎﻌﺘﻤﻟا ﻚﺌﻟوا ﺎﺻ Ibngelaa Dguenlab Nilmatmla Kiloa ace . . ٤- 4 - ﻲﻓ ﺔﻠﺜﻤﺘﻤﻟا ﺔﻴﻟﺎﻤﻟا رﺎﺛﻻا ﻦﻣ ﺔﻠﻤﺟ كﺮﺘﻳ نا ﺪﺑﻻ نﺎآ فﺮﺼﻟا ﺮﻌﺳ ﺮﻴﻴﻐﺗ نا In Pltmtmla Financial implications of Plmj Dbla Karti Na Naa Na exchange rate change ءارو ﻦﻣ فﺪﻬﻟا نﺎﻓ ﺔﺠﻴﺘﻨﻟﺎﺑو مﺎﻌﻟا قﺎﻔﻧﻻا ةدﺎﻳزو ﺔﻣﺎﻌﻟا تاداﺮﻳﻻا ﺾﻴﻔﺨﺗ Ouaro NAF Pgittenlabo target of public expenditure Pdayizo reduce the General Income ﻢﺨﻀﺘﻟا ﺔﺑرﺎﺤﻣ ﻖﻳﺮﻃ ﻦﻋ ﻲﺷﺎﻌﻤﻟا ىﻮﺘﺴﻤﻟا ﻊﻓر نﺎآ فﺮﺼﻟا مﺎﻈﻧ ﺮﻴﻴﻐﺗ Inflation Pbrahm Kirt Na Naa Ichaamla Afar exchange-level system change ا ﺔﻤﻴﻗ ﺔﻳﻮﻘﺗو A value Pioukto ﻲﻗاﺮﻌﻟا رﺎﻨﻳﺪﻟ The Iraqi Ranidl . . ٥- 5 - ﻲﺘﻟا تاءاﺮﺟﻻا ﻦﻣ ﺔﻠﻤﺟ ﻪﺒﻧﺎﺟ ﻦﻣ ﺬﺨﺗا يﺰآﺮﻤﻟا ﻚﻨﺒﻟا نا ﻰﻟا ﺮﻴﺸﻳ ﻊﻗاﻮﻟا Of action that Plmj Hbnag of Zkhta Izaramla Bank Na refers to Akola ﺢﻣﺎﺠﻟا ﻢﺨﻀﺘﻟا تﻻﺪﻌﻣ ﺐﺤﺴﻟ ﺎﻬﻀﻌﺑ ﻊﻣ ﺮﻓﺎﻈﺘﺗ نا ﺪﺑﻻ Hamagela inflation rates Bhsl Ahiab with Rvaztaat Na Dbla لﺎﻘﺘﻧﻻاو To Aguetnlo رﺎﻨﻳﺪﻟﺎﺑ Ranedlab ﻲﻗاﺮﻌﻟا The Iraqi ﻊﺿو ﻰﻟا Member of the night أ A ﻰﻠﻋ ةﺪﺋﺎﻔﻟا رﺎﻌﺳا ﻊﻓر يﺰآﺮﻤﻟا ﻚﻨﺒﻟا ﻰﻨﺒﺗ ﺚﻴﺣ ﻞﻀﻓ Pdiavla on prices of the Afar Izaramla Bank grows where Ldv ﻊﺋادو Deposits ﺣا ﻰﻟاو ﻪﻳﺪﻟ ﺔﻳرﺎﺠﺘﻟا كﻮﻨﺒﻟا Pw Ylao Hidl commercial Banks رﺎﻨﻳﺪﻟا فﺮﺻ ﺮﻌﺳ ﻲﻓ ﻲﺑﺎﺠﻳا ﺮﻴﻴﻐﺗ ثاﺪ Ranedla opportunities in Ras Ibajia change Thad ﻲﻗاﺮﻌﻟا The Iraqi . . ٦- 6 - ﺗ نا ﻦﻜﻤﻳ ﻻ ﺔﻳﺪﻘﻨﻟا ﺔﺳﺎﻴﺴﻟا تاءاﺮﺟا ﻞآ نا ﺎﻳدﺎﺼﺘﻗا فوﺮﻌﻤﻟا T. Na monetary policy can not be our procedure is not economically viable the known ﺄ A ﺎهرﺎﻤﺛ ﻲﺗ It Epehrit ﺖﻣﺪﻗا ﺎﻣ ﻮهو ﺔﻴﻟﺎﻤﻟا ﺔﺳﺎﻴﺴﻟا تاودﻻ ﻞﻴﻌﻔﺗ ﺎﻬﻘﻓاﺮﺗ ﻢﻟ نا ﺔﻠﻘﺘﺴﻣ ةرﻮﺼﺑ Tmedka or a financial policy for Taoodla Activating Ahagafart ml Na independent Prosb اداﺮﻳﻻا ﺰﻴﻔﺤﺗ ﻰﻟا ﻻﻮﺻو مﺎﻌﻟا قﺎﻔﻧﻻا ﻦﻴﻨﻘﺘﺑ ءاﺪﺘﺑا ﺔﻴﻟﺎﻤﻟا ةرازو ﻪﻴﻠﻋ Adareil night to motivate Aouso public expenditure Ninguetb Ouadtba Ministry of Finance Hela ت T ﺔﻤﺋاﻮﻤﻟا ﻖﻘﺤﻳ يﺬﻟا ﻞﻜﺸﻟﺎﺑ ﺔﻳدﺎﻴﺴﻟا Pmiaomla Qqahi Ivla to Kfalb Pidaysla ﻟ For ﺔﻣﺎﻌﻟا ﺔﻧزاﻮﻤﻟا ﺔﺟﺎﺤ General budget a need . . ١٢ 12

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Ministry of Finance Ministry of Finance Economic Chamber Economic Chamber numbers Numbers Nish Ysom Rabjla Dba Rama Nish Ysom Rabjla Dba Rama Daoj seventh Admours Daoj seventh Admours w W Thahba Chairman Nem Thahba President of Nem strabismus Strabismus 1 1 Tabsh Tabsh / / 2007 2007

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No Not Sign D Sign D e E Itla in recent Thadahlal Naa In recent Itla Thadahlal Naa on Iraq Ahidhish Ahidhish on Iraq Prmdm Borah of contracts in recent Radm Prmdm Borah of contracts in recent Radm Ahezrbo embody the Iraqi economy while an effects on Ptheraa stability is invited Idastqo Rasaho Ahezrbo embody the Iraqi economy while an effects on Ptheraa stability is invited Idastqo Rasaho Sowrl Borho unemployment enacted in Dastm Afterao Mkhaddtll Phamaj rates in Sowrl Borho enactment of unemployment in Dastm Afterao Mkhaddtll Phamaj rates in and poverty rates Afterao Funds And poverty rates Afterao funds resources distribution Auso payments Balance of Member Distribution of resources and balance of payments Auso Member P Agafnlo P Agafnlo rates Fdo national income distribution Aus Na to Add general budget j Fdo rates of national income distribution Aus Na Add to the general budget j Ahnac of Itlao procedures a series of springs at night the government to pay UN Elamsarla Maartla Ahnac Itlao actions of a series of night grows the government to pay the United Elamsarla Maartla Mijeht Mijeht's For these negative phenomena These negative phenomena Ahila Eadqll Ademt Ahila Eadqll Ademt in the Iraqi economy Edoo In the Iraqi economy Edoo Kirt Kirt s actions this and of, and progress Dohnla S actions and of these, and progress Dohnla Lima Lima Izaramla Izaramla Bank to Bank B Piiarchilla strengths to improve Piiarchilla strengths to improve the Iraqi age Itlao Ranidallal Age Itlao the Iraqi Ranidallal a A in this Rodts Itlao Antsard Taragaf quarter Ahraz on It Rodts Itlao in this Antsard Taragaf quarter Ahraz on It the following aspects The following aspects:: • • the first Rouhmla The first Rouhmla:: exchange rate and format of the concept of Exchange rate and format of the concept of • • II Rouhmla II Rouhmla:: exchange rate Ddan Itla factors Ddan Itla exchange rate factors • • Third Rouhmla Third Rouhmla:: Iraq Ranedla opportunities Ras Parah Iraq Ranedla opportunities Ras Parah j J)) 2003 2003--2007 2007 ((• • IV Rouhmla IV Rouhmla:: Pibajilo negative impacts Pibajilo negative impacts • • V Rouhmla V Rouhmla:: CONCLUSIONS AND RECOMMENDATIONS CONCLUSIONS AND RECOMMENDATIONS 2 2

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No Not for the first Rouhm The first Rouhm:: exchange-and format of the concept And format of the concept of exchange-a A Atla multiplicity night Reshet international economy Taibd Atla multiplicity night Reshet international economy Taibd a A Asab related Veer Asab related to Fair of A our non-exchange- t Our non-exchange-t and his most common definition Rtaa And his most common definition Rtaa "" Rasla Rasla night Ppsonlab local currency hp assessment Ivla Night Ppsonlab local currency hp assessment Ivla Pibngelaa currencies Pibngelaa currencies. . "" Tatashenla in their mother Araud Baali exchange rate NAF Klzlo Tatashenla in their mother Araud Baali exchange rate NAF Klzlo Economic Economic Mouki Itla Giver Giver Mouki Itla Iramttsa commercially Wa Naa activity Klz Ouaos DLP O Iramttsa commercially Wa Naa activity Klz Ouaos DLP O and Ras And -making night Reshet facts Ras-making night Reshet facts Pisiir forms of Thelathl exchange-Pisiir forms of exchange-Thelathl:: Muamla exchange rate Muamla exchange rate:: 1 - 1 - exchange-arc in the interference Na Izaramla Bank HIV Antmi Ivla Figure Klz an Exchange-arch interference in Na Izaramla Bank HIV Antmi Ivla Figure Klz a shall determine the exchange rate in identifying pathways Prah Bltalao Display a strong core of Karti Ibngelaa Shall determine the exchange rate in identifying pathways Prah Bltalao Display a strong core of Karti Ibngelaa Pelhm considerations night Adantsa Htiseissel monetary targets for Izaramla Bank Pelhm considerations night Adantsa Htiseissel monetary targets for Izaramla Bank. . Fixed exchange rate Fixed exchange rate:: 2 - 2 - e Evo also Mkhmlab Hela poodle or an E Evo also Mkhmlab Hela poodle or a Itlao Bank of Uma coverage when the figure as Uma Itlao Bank of coverage when the figure as Izaramla Bank shall issue Lao Pibngelaa to Ouselaab act at the cash coverage Pdaqlab Frat Izaramla Bank shall issue for the Lao Pibngelaa Ouselaab act at coverage of cash Pdaqlab Frat Pibngelaa Pmualla Tajricm to Bagml local currency Pibngelaa Pmualla Tajricm Bagml to local currency. . 3-3 - Radmla exchange rate Radmla exchange rate:: Bank Zvahi Haievo Tesola exchange rate Maznb Naihl in some Hela Poodles Ivlao Bank Zvahi Haievo Tesola exchange rate Maznb Naihl in some Hela Poodles Ivlao No Not Ibngelaa exchange-arc in the interference Kirt Na constant opportunities Ras on Izarm Ibngelaa exchange-arc in the constant interference Kirt Na opportunities Ras on Izarm Pdiavla prices of and identification Pdiavla prices of and identification. . 3 3

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II Rouhmla II Rouhmla:: factors Factors in Prtwmla In Prtwmla Dan Dan j J exchange rate d Exchange rate d of Iraq in In Iraq Ras pattern in determining Ahtasakaana people Naa Tamoqm Wa Tams the Iraqi Economy in Ras pattern in determining Ahtasakaana people of Wa Naa Tamoqm Tams Economy in the Iraqi Introduction Levu, the prevailing exchange-INTRODUCTION Levu, the prevailing exchange-Itlaa these factors Itlaa these factors:: economic session of the Economic Session:: Idoarla inflation phase in the Iraqi economy for entry Idoarla inflation phase in the Iraqi economy and the entry shiny in inflation Wright to support the defeated or after a, in recent three years; in special Shiny in inflation to support the Wright defeated or after a, in recent three years; in special 2004 2004 Gelbil Gelbil)) 26 26%% ((shiny in Afterl for Cao Shiny in the Afterl Cao 2005 2005 Gelbil Gelbil)) 36 36%% ((As The Shiny Shiny 2006 2006 Dagaf defeated Defeated Dagaf)) 53 53%%. . ((1-1 - a solution in the Solution in Piqiqahla value in the degradation of Ahagafaramo inflation rates Aftera Na Pqiq Piqiqahla value in the degradation of Ahagafaramo inflation rates Aftera Na Pqiq Ouaro of basis for Taabla Naa Pciemla costs in Aftera then the growth of the Iraqi Ranidallal Ouaro of basis for Taabla Naa Pciemla costs in Aftera then the growth of the Iraqi Ranidallal limits when Hrarguetsa Gelbi or Dapf, toward the boarding the Iraqi Ranedla Frsras Wright Limits when Hrarguetsa Gelbi or Dapf, toward the boarding the Iraqi Ranedla Frsras Wright) 0) 0 150 150 ((shiny in U.S. $ per KD Shiny in US $ per KD 2004 2004 Wright, Wright, when the limits of this Rasla When the limits of this Rasla)) 1260 1260 ((current U.S. $ per General Altm Dinars General Altm current US $ per KD.. non-Na, inflation rates Mijeht on Ritotla a role in the known exchange-Rasl us Non-Na, inflation rates on Mijeht Ritotla a role in exchange-Rasl the known Na Rigto exchange rate using Rigto exchange rate using support dojo Z Evo Ibajil Hajtlaob e support dojo Z Evo Ibajil Hajtlaob e's For Hamaj Mkhaddt Hamaj Mkhaddt DEC Na Na DEC may may the effectiveness of Adl Adl effectiveness of this e) E) exchange rate Exchange rate ((T may Ahidho T may Ahidho or non-non-sufficient to bear Or non-sufficient to bear non-P P inflation rates in love panic Inflation rates in love panic.. Ijatnl twice the elasticity of the device Ijatnl twice the elasticity of the device:: Weak in Iraq in Ijatnl device Mesti Weak in Iraq in Ijatnl device Mesti Bfala Tablttmb Ouavil on Htilbaq Bfala Tablttmb Ouavil on Htilbaq a A achieving capacity to prosecutor means the United Elkla p Capacity to achieve UN prosecutor means Elkla p coop compensation of bear does not Ellatlabo Elkla Bltalao Elkla production balance between Coop compensation of bear does not Ellatlabo Elkla Bltalao Elkla balance between production r R from abroad Tadaretsl increased during the of local production Tadaretsl increase from abroad through local production.. 2 - 2 - the four in the years Assock Iraq in energy productivity rates Ajart Na The four in the years Assock Iraq in energy productivity rates Ajart Na not in recent Pgittena Not in recent Pgittena rates stimulate, private sector performance Wklto Infrastructure their minds Stimulate rates, the private sector the performance of their minds Wklto Infrastructure PM for Kcbo Increase on Tadaretsl M for the increase on Kcbo Tadaretsl Z Z expulsion Expulsion.. m Tadaretsl Na Lambo M Tadaretsl Na Lambo currency of Pmouk Currency of Pmouk Pibngelaa Pibngelaa)) Ahnm Tdrutsa countries that Currencies O Ahnm Tdrutsa countries that you Currencies ((in the market Ahras NAF humiliate Market in Ahras NAF humiliate lamented Sknis Klzl Abto Pibngelaa Ouaza currencies local currency reflects the value of local Lamented Sknis Klzl Abto Pibngelaa Ouaza currencies local currency reflects the value of local Abagia Wa Consumer Apollos on this process Wa Consumer Abagia Apollos on this process.. does not improve chances of Ras Iraqi Government Tatra Qtunmla of this Ras does not improve chances of the Iraqi Government Tatra Qtunmla of this General Altm General Altm KD KD the following Positive aspects of achieving the foreseeable stunned Agafo Pigtbm current Following the achievement of positive aspects of the foreseeable stunned Agafo Pigtbm current:: A - A - on On 4 4, the Iraqi Ranedla value Strengthening through the individual has Ichaamla level to improve, Strengthening the Iraqi Ranedla value through improved level of per capita Ichaamla NAF Ellatlabo from abroad Pdrutsm Ye Pklhtismla majority of our goods Rapta Nave Ellatlabo from abroad Pdrutsm Ye Pklhtismla majority of our goods Rapta M costs Some Dfaj Pmualla member means to improve M costs Some Dfaj Pmualla means to improve member Iraqi family Pcie Iraqi family Pcie..

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B - B - compensation means the United Tadaretsl increase on Jcis the Iraqi Ranedla value has improved Compensation means the United Tadaretsl increase on the Iraqi Jcis Ranedla value has improved level in Ipsonla balance achieving Ellatlabo goods in some of the Sahla shortage of Level in the achievement of balance Ipsonla Ellatlabo goods in some of the shortage of Sahla Raaslal General Raaslal General. . T - T - in glimpsed our bear is not the Iraqi Ranedla Member improve Pgittena Tadaretsl increase our Glimpsed in our bear is not a member of the Iraqi Ranedla improve Pgittena Tadaretsl increased Na Ahayant Ahayant Eihi UN technological workshops and some Makhlao primary material of import Eihi UN technological workshops and some Makhlao initial import of materials for local energy productivity rates Ll appropriate terrestrial Productivity of local energy rates Ll appropriate terrestrial. . Izaramla Bank policies Izaramla Bank policies:: Taitaithlal Izaramla bank possessing the known canine Taitaithlal Izaramla bank possessing the known canine Bank policies Hela Dntst Ivla criterion of invited and difficult currencies cash Bank policies and Hela Dntst Ivla criterion was invited and difficult currencies of cash exchange rate is not Not pattern identified in Izarm Exchange rate pattern in determining Izarm. . 3-3 - initial estimates of Dawt Taitaithl Ardq currently Kltmi the Iraqi Izaramla Bank Initial estimates of Dawt Taitaithl Ardq currently Kltmi the Iraqi Izaramla Bank ranging between frail on Ranging between frail on)) 12 12 - - 16 16 ((, U.S. $ billion, US $ billion)) export subsidies resume the Pgittena Resume the export subsidies Pgittena abroad at night-oil Night-oil abroad ((p capacity Kltmi Hbesa the Iraqi Izaramla Bank Na means the UN P capacity Kltmi Hbesa the Iraqi Izaramla means the United Bank Na Yale Yale Ranedla value on improving the Mkla , Pahj Ranedla of exchange rates stability is achieving Ranedla on improving the value of, and work Pahj Ranedla of exchange rates stability is achieving Ahajaoi Itla economic and political circumstances and nature Milaty including Ahajaoi Itla economic and political circumstances and nature Milaty Lamb Iraq Iraq Pahj of Pahj of other Other in addition to, In addition to, Ahkirt in Taitaithl this our night refers indicators that Ahkirt Taitaithl in this our night refers indicators that and Mnell And Mnell Pibngelaa currencies of Pibngelaa currencies of.. factors for Welcome Welcome to the factors Ranedla value Strengthening Hajta in Best Strengthening Hajta Ranedla value in the Best exchange rate in the amendment of this Ouarj Ahqqaht expected Positive Rathlaao the Iraqi Exchange rate in the amendment of this Ouarj Ahqqaht expected the Iraqi Rathlaao Positive.. expectations Expectations:: 4 - 4 - blockade imposition of Dlablab Ttaha Itla Afoorzlao Taniastla contract night Pduallab Blockade imposition of Dlablab Ttaha Itla Afoorzlao Taniastla held at night Pduallab case there Na DEC Taniastla mid-period to consider soft Dnao, Economic Our case there DEC Taniastla mid-period to consider soft Dnao, Economic of acute Dhafajnl Of Acute Dhafajnl Ranedla the value of the Iraqi Aftera compared Pibngelaa Pmualla value in The Iraqi Ranedla Aftera value compared to the value in Pibngelaa Pmualla Sah Sah shiny mid-By mid 1995 1995 Memorandum of Understanding Signature lamented on Signature of Memorandum of Understanding on inherited Azho United Mmlo Iraq between Azho Mmlo Iraq between the United on agenda for wage Taakotb Nrtqa may Naa exchange rate in Sah Ivla Change On agenda for wage Taakotb Nrtqa may Naa exchange rate in Sah Ivla Change Economic Rzhla termination lightning Economic Rzhla termination of lightning.. Bur well Bur well the value of the Wright of the current General Altm in Sah M Nybo this event between Ant Wright of the value in the current General Altm Sah in this event or Nebo between Ant value of Wright lamented on Houdao to Kcbo Pibajia Ratha Rolapt prosecutor Na Taming the Iraqi Ranedla Wright lamented on the value of Houdao Kcbo Pibajia Ratha Rolapt prosecutor Na Taming the Iraqi Ranedla terms of the business to pay indicates Pimiacht expectations dojo Iho Ranedla Terms of the business to pay indicates Pimiacht expectations dojo Iho Ranedla that That Pinml circumstances Pinml conditions ml Ml Collapse Collapse T T Change Ahila a Ahila a change of A Zawhelm Zawhelm,, Raihna Na Lama Raihna Na Lama invited Infrastructure Invited Infrastructure Milamla Climate availability Milamla Climate availability Lal Lal Plus for Kcb national Tarkhaddmla rates Krahto Pibngelaa Tharamtts Plus the national Kcb Tarkhaddmla rates Krahto Pibngelaa Tharamtts DEC Ellatlab DEC Ellatlab that Nakmb Pbuasla of That Nakmb Pbuasla of Ibajil impact achievement in the Iavcla Hmlam Msart Ibajil impact in achieving the Iavcla Hmlam Msart in Improving In improving the Iraqi Ranedla value The value of the Iraqi Ranedla.. 5 5

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Rouhmla Rouhmla III III:: the Iraqi Ranedla opportunities Ras Parah The Iraqi Ranedla opportunities Ras Parah's For factors Factors 2003 2003--2007 2007 Select Opportunities Ras Ahpjomb Itla mechanism change Daei on Iraq in exchange rate the date of Opportunities Ras Ahpjomb select Itla mechanism change Daei on Iraq in exchange rate the date of DEC Idhamla century of Taninamthelao Taniabsla Pbqah Please refer to Dnaf, the Iraqi Ranedla DEC Idhamla century of Taninamthelao Taniabsla Pbqah Please refer to Dnaf, the Iraqi Ranedla data refers a member of the Iraqi Ranedla on Pblagla Pmsla Fixed exchange rate and his Our Data refers a member of the Iraqi Ranedla on Pblagla Pmsla and his Fixed exchange rate us without Without the Daat or Na Yeh Ranedla value on the Iraqi Izaramla Be Daat is the value of Na Ye Ranedla on the Iraqi Izaramla Be)) 3.33 3.33 ((U.S. $ US $ ratio Iho Proportion of Iho Itla economic changes Na consider Frsb Htbat Itla economic changes Na consider Frsb Htbat Ahajao Ahajao held during the Iraqi economy Held during the Iraqi economy Iraqi Brahlab Pltmtamlaw Taninamthela Iraqi Brahlab Pltmtamlaw Taninamthela - - Pinarellaa Pinarellaa represents not Rasla this Na Piqiqahla Evo Represents not Rasla this Na Piqiqahla Evo demonstrated Piqiqahla value Pamper Piqiqahla value Rani Rani Rarmtsaw inflation rates Aftera for Afb Klz less than Ye core Rarmtsaw Aftera inflation rates of less than Afb Klz Ye core Erksala expenditure for funding Erksala expenditure of funding.. L when either L when either a Na DEC Taniastla held night Aguetn A Na DEC Taniastla held at night to Aguetn on Asar Thblq exchange rate identified Hill Asar Thblq on exchange rate identified Hill Council resolutions lamented on-oil Iraq exports of stopped in the Afb spots Council decisions lamented on Iraq-oil exports of stopped in the patches Afb L L of the International Of the International Pidastqa penalties imposition Pidhaqla Pidastqa penalties imposition Pidhaqla Tefnla Imports interruption means Ivla Ramlaa, Iraq on Tefnla Imports interruption means Ivla Ramlaa, Iraq on currency of Currency of Pibngelaa Pibngelaa Izaramla indicates the legal reserve Bank's Development Na interruption Ellatlabo Izaramla Bank's Development shows the legal reserve Na interruption Ellatlabo of Izaramla Bank HP routinely saved is a member of Dbla Naa Inat Bnag growth Bnag of this Bank of Izaramla HP routinely saved is a member of Dbla Naa Inat Bnag Bnag growth of this Currencies Currencies a foreign A foreign Ahjaom in Ahjaom in e E L disorders L disorders Ahtdha Itla Pidastq Ahtdha Itla Pidastq Rzhla imposition Resolution Rzhla imposition Resolution Economic and Economic.. in Apettmla exchange rate form of identification in the Aerzj of inspired surprised Taniastla held Altm permission Apettmla in the exchange rate in determining the form of inspired Aerzj surprised Taniastla held Altm permission and Holaa, Iraq And Holaa, Iraq Government before of the intervention there torrent O Mia opportunities Ras Government prior to the intervention of a torrent there, O Mia opportunities Ras)) Knblab represented Knblab represented Izaramla Izaramla (( This specificity in the process of basis for this role cash Bltalao Display Youkl our core Please specify the basis for this role in the process of cash Bltalao Display Youkl our core.. a language Anellh well Anellh a language well Transition to us Andjol an objective to Kcbo Dergtla Transition to an objective of our Andjol Kcbo Dergtla mechanism Mechanism exchange rate trips Trips exchange rate Lai Lai Pitlaa items in Ahlaithamt can Pibajia aspect of our Lcht Nkm Pitlaa items in Ahlaithamt can Pibajia aspect of our Lcht Nkm:: 1 - 1 - Pbradmla process Ouarj the Iraqi Izaramla Ahmahti Bank Losses Klanh Nukt will not Pbradmla process Ouarj the Iraqi Izaramla Bank Losses Ahmahti Klanh Nukt will not currencies Prsams between Prsams between currencies Pibngelaa Pibngelaa.. 2 - 2 - exchange rate system Exchange rate system a with the handling in the more flexible Nuki trips With the handling of the more flexible Nuki trips for For and changes Tamds And changes Tamds Nla policy precluding Ellatlabo external Nla policy precluding Ellatlabo External s S on achieving targets Pbesnm Nokedz Head Achievement of objectives on Pbesnm Nokedz Head Economy in Internal Economy in inland.. 3 - 3 - 6 6 a balance Klanh Nuki A balance Klanh Nuki Dbla Pibngelaa Pmualla Na Na, O request, cash market in Na Dbla Pibngelaa Pmualla requested Na, O, in the cash market Ahnm Addouramla comfort Ahnm Addouramla comfort..

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L aspects of these Morlabo L aspects of these Morlabo NH Nalaa, Pibaji NH Nalaa, Pibaji both Both affect on Weak points Wa Rivahm Affect on Weak points Wa Rivahm Imoqla economy processes to mg Imoqla economy processes to mg. . Itlaa Ahezrba of the high Itlaa Ahezrba of the altitude:: Im the FUTURE exchange rate Rasim Na Im the exchange rate FUTURE Rasim Na P P Ellatlabo ambiguity e Ellatlabo ambiguity e statements were Statements were creation night Night creation Economic Activity and planning the process to Avasam Economic Activity and planning the process to Avasam. . 1-1 - monetary policy autonomy of us can use Ouasi Monetary policy autonomy of us can use Ouasi. . Maig Pogo prosecutor to Atmv Maig Pogo prosecutor to Atmv Government Government with B Pidgueno financial policy can be our night Idwi Pmualla is reduced preventing Pidgueno financial policy can be our night Idwi Pmualla is reduced Prevention Pimkhaddt Pimkhaddt. . 2-2 - exchange rate Ikoshl Iraq Ylarici follow the previous permission and intellectual Dhakhamla Exchange rate Ikoshl Iraq Ylarici follow the previous permission and intellectual Dhakhamla. . Most OHV OHV the bulk of a Ras Aa Yale Yale and then at night to our growth Taininamthelao Teiniabsla Idqa Fixed exchange rate in Ras night to our growth and then Taininamthelao Teiniabsla Idqa in Fixed exchange rate contract in exchange-trips Held in exchange-trips Taniastla Taniastla. . After After 9 / 9 / 4 / 4 / 2003 2003 Gabsa in the Iraqi economy and impact the people of Gulab Naa Ahila amputated Lamu The Iraqi economy and the impact Gabsa Gulab Naa people Ahila amputated Lamu those presented in the previous Naao in Hela Tnaa bright Aerzj Tfeltkha Tamso Siackb This presented in the previous Naao in Hela Tnaa bright Aerzj Tfeltkha Tamso Siackb the Rules of the Iraqi Ranedla opportunities Ras to divert and his Tarigtla Rules of the Iraqi Ranedla Ras opportunities to divert and his Tarigtla Wa Radmla Procedure night trips Wa Radmla Procedure night trips Rtismla exchange rate system Rtismla exchange rate system of exchange rates Knapp Akeshla Anlelht when Anrcha Amao, Hela Knapp exchange rate for Akeshla Anlelht when Anrcha Amao, Hela the Iraqi Ranedla value in identifying Izaramla Bank Intervention latter represents The Iraqi Ranedla value in identifying Izaramla Bank Intervention latter represents. . Taninamthela held in HIV work Ivla Paulssl our part may Iraq our first Plholl and Dubai may Taninamthela contract HIV in the work of our part may Ivla Paulssl our first Plholl Iraq and Dubai may)) Fixed exchange rate Fixed exchange rate ((Taa Izaramla Bank Na Ye Pkiqahla Our non-Taa Izaramla Bank Na Ye Na Pkiqahla non-Dzmla Bolsa blood Dzmla Bolsa blood Znla between Znla between a A Fixed Rules and trips m Fixed Rules and trips m.. Mjsni including Rigtll to Bago Haj of constant Hnob Zatmi the current exchange rate us permission Mjsni including Rigtll to Bago Haj Hnob Zatmi constant of the current exchange rate us permission with the other Uncle Pahj of the Iraqi economy Hjaot Itla Tadjtzmla Other Pahj of the Iraqi economy Hjaot Itla Tadjtzmla.. shiny night data Anda Wolf Shiny data Anda night Wolff 2004 2004 overcome the Iraqi Ranedla the value of our DEC Overcome the Iraqi Ranedla the value of our DEC)) 1500 1500 ((for I would like for each JD I would like for each KD this Rmtsaw R. This Rmtsaw t Nimrsnmla Nimaala Plait Rarqtzlaa in Rasla Nimrsnmla Nimaala Plait Rarqtzlaa in Rasla)) Nhrepett Itla Tabzbztla some dojo with Nhrepett Itla Tabzbztla dojo with some currencies on Parah Parah on currencies Pibngelaa Pibngelaa Iraqi market in the Iraqi market in ((the current General Altm The current General Altm)) 2007 2007 ((Liters liters a A Admtam improve the value of the Iraqi Ranedla Izaramla Bank Z Admtam the Iraqi Ranedla Izaramla Bank to improve the value of Z the legal reserve size on Diazat Klz in Legal reserve size on Diazat Klz in currencies of Currencies of Pibngelao Pibngelao night or have voted Ivlao At night or have voted Ivlao Baraki Baraki)) 12 12 ( (shiny U.S. $ billion at the end of Shiny at the end of US $ billion 2006 2006.. our night Rdjt reference Na night Rdjt reference N N Aizhaemtem Ouaj with Iraq in the exchange rate now Apettmla Maz Aizhaemtem Ouaj with Iraq in the exchange rate now Apettmla Maz a circumstances non-A non-conditions Afterao Pdh inflation rates in terms of economy Giver throw Itla Pieibtal Afterao Pdh inflation rates in terms of economy Giver throw Itla Pieibtal Bank procedures into consideration our Rznb Zkhalaa Pciemla costs Afterao with poverty rates of Bank procedures into consideration our Rznb Zkhalaa with Pciemla costs Afterao poverty rates Izaramla Izaramla with Iraq Ahmrba Itla Mouma the objectives of international conventions with Pmjsnm Touaj With Iraq Ahmrba Itla Mouma objectives of international conventions with Pmjsnm Touaj Convention Ahnib Naao from abroad in Niniadla Convention Ahnib Naao from abroad in Niniadla {EPCA} {EPCA} Piqavtao Piqavtao {SBA} {SBA} Itlao Itlao Sha Sha Ra Ra other tools with Mganti Ivla to Kfalb Iraqi Pmualla value to improve the need night T Other tools with Mganti Ivla to Kfalb Iraqi Pmualla the need to improve the value of T at night on Ahaimj to Mats Piahnlabo Pidguenlao Financial Netseissela mix between Nukt may Ahaimj on the Mats Piahnlabo Pidguenlao financial Netseissela mix between Nukt may mitigate Mitigate Dohnla and progress towards the Iraqi economy Pldja Afdo inflation Pdh Dohnla and progress towards the Iraqi economy Pldja Afdo inflation Pdh.. 7 7

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Rouhmla Rouhmla IV IV:: the negative impacts Negative impacts on Pibajilo Pibajilo Hguetaa licked Natlla Natsswmla Nlatmi Izaramla Knblao Ministry of Finance Na Hguetaa licked on Natlla Natsswmla Nlatmi Izaramla Knblao our Ministry of Finance M M Member of Member of the Financial Policy Financial Policy Pidguenlao Pidguenlao Ranedla improve the value of Earja NAF humiliate Milsla the application Adum Ranedla improve the value of NAF Earja humiliate the application Milsla Adum work on Prhapmla Pibajilo the negative impacts of Plmj Karti Na bear no Naa Prhapmla Pibajilo work on the negative impacts of Plmj Karti Na Naa do not bear these two These two and Hnla Ylao process on these Pmjanla Financial implications select Yasns we L Netsswmla And Hnla Ylao process on these Pmjanla Financial implications Yasns we select L Netsswmla Itlaa Itlaa:: negative impacts Negative impacts:: Ivla Financial side of of the Iraqi Ranedla opportunities Ras Nsanl the negative impacts of Tmtaat Financial Ivla from the Iraqi side of Ranedla opportunities Ras Nsanl the negative impacts of Tmtaat following Dunblab Hlaott Ministry of Finance Ministry of Finance following Dunblab Hlaott:: 1 - 1 - A Ministry of Tadareio is reduced A Ministry of Tadareio is reduced Ministry Nla Kldhu local currency Pmoukmla Pelaml Ministry of Nla Kldhu local currency Pmoukmla Pelaml export subsidies of Itotmla Rlaoodla defect through the Iraqi Ranedla on the true financial Of export subsidies Itotmla Rlaoodla defect through the Iraqi Ranedla on the true financial the Iraqi Ranedla value Aftert Amdnaf Ellatlabo the Iraqi Izaramla Bank night-oil The value of the Iraqi Ranedla Aftert Amdnaf Ellatlabo the Iraqi Izaramla Bank night-oil Nukt Ahila to correct our Prasull that can be local currency Hema NAF Nukt Ahila to correct our Prasull local currency that can be Hema Nave a A in Lq In Lq night signal Night signal the Iraqi Ranedla opportunities Ras has improved with Iskaa St. Dojo The Iraqi Ranedla opportunities Ras has improved with Iskaa St. dojo. . Imaal Pylardfla Pnzaomla data Imaal Pylardfla Pnzaomla data 2006 2006,, 2007 2007 The beat, This fact Dawt The beat, This fact Dawt Maal Pttkhamla Pnzaomla in the General Income Plisah Maal Pttkhamla Pnzaomla in the General Income Plisah 2006 2006)) 45.5 45.5 ( (Nuelrt Nuelrt is a need for KD It is unnecessary to KD)) 30.3 30.3 ((Q Na on the basis of U.S. $ billion Q Na on the basis of US $ billion chances and Re Hranid Hranid opportunities and Ra)) 1500 1500 ((Maal proposed Pnzaomla data Na Lama, U.S. $ per Maal proposed Pnzaomla data Na Lama, US $ per 2007 2007 Dagaf overcome Overcome Dagaf Ahtadareia General General Ahtadareia)) 50.1 50.1 ((Ranedla opportunities Ras light Ylao Wright, JD Nuelrt Ranedla opportunities Ras light Ylao Wright , JD Nuelrt overcome the current General Tadareia Plisah our means Azhv Overcome the current General Tadareia Plisah our means Azhv)) 39.8 39.8 ((U.S. $ billion US $ billion.. that mark the country from That of the value of improving our process Houdti Mark the country to improve the value of our process Houdti Ahtaabt negative on the Iraqi people Tnaa Ran Ahtaabt negative on the Iraqi people Tnaa Ran from Rbaa Rdq Prikhalaav pigment binding, the Ministry of Finance work Pikinaccim Rbaa Rdq of pigment binding Prikhalaav, Ministry of Finance work Pikinaccim Tarlaoodla Tarlaoodla from previous Radegmla Ships on the Osahll Ships from previous Radegmla on the Osahll Ministry of Finance on permission of local currency Ministry of Finance permission on local currency Income night signal in the other Ahtadareia forms of the Activating on the GTI us that Income night in reference to other forms of Ahtadareia for Activating shined on us it Isla Isla Head Head)) and charges taxes Taxes and charges ((process Htdan us can Ivla shortage Evalatl Htdan our process can be Ivla shortage Evalatl of Figure this effectiveness Taedm Na Reig, the Iraqi Ranedla opportunities Ras correction From this figure the effectiveness of our non-Taedm , the Iraqi Ranedla opportunities Ras correction Income Income)) Pidaysla Pidaysla ((factors of Plmjb Mukhm Factors of Plmjb Mukhm)), Tax Performance Indicators, Tax Performance Indicators Znla member, and tax regulations and laws, economic session Znla member, and tax laws and regulations , economic session, the Institutional, The Institutional .. .. Hzhl Hzhl 8 8 passive side of our L Ahkiqaht Akoti Itla Positive effects of Mgrlab permission Passive side of our L Ahkiqaht Akoti Itla of positive effects of permission Mgrlab Ministry of Finance Ye Epehrto to Mahtis growth Ahoudao repents process Ministry of Finance for Yeh Epehrto Mahtis growth Ahoudao repents process . .

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2-2 - Intergovernmental expenditure volume of NAF above Ptguenlab Atabtra Intergovernmental expenditure above the volume of NAF Ptguenlab Atabtra No Not Ikkerml Rlaoodlab Miqm Ikkerml Rlaoodlab Miqm this Houdteso Dadzie Foss This will Houdteso Dadzie a A cable to Kcb Rthela Cable to Kcb Rthela whence the t Whence in t 2007 2007 Adantsa night Night Adantsa in size to Aiah believe Dhishis Ivlao General stunned the proposed draft general budget Size in the Aiah believe Dhishis Ivlao General stunned the proposed draft general budget expenditure Intergovernmental Intergovernmental expenditure. . Shiny Pnzawm statements were made in relation to Shiny Pnzawm statements were made in relation to 2006 2006 public expenditure Na DEC Public expenditure Na DEC defeated Defeated)) 50.1 50.1 ((O or need to KD Nuelrt Or you need to KD Nuelrt)) 33. 3 33.3 ((night Aguetnlbo U.S. $ billion Aguetnlbo night to US $ billion data Shiny Shiny data 2007 2007 DEC Na Na DEC defeated Intergovernmental expenditure Defeated Intergovernmental expenditure)) 51.7 51.7 ((O KD Nuelrt Na Na, O KD Nuelrt b Rdguet previous Na-General and the percentage of there B Rdguet previous General Na ratio and there) 3) 3 (% (% Na Dhartvobo exchange rate Exchange rate us Dhartvobo Didjla Didjla)) 1260 1260 ((the size of public expenditure Gelbi Go Public expenditure size Gelbi Go)) 41 41 ((billion Billion Azho our means, U.S. $ Na means Azho, US $ overcome public expenditure in the increase Pqqahtmla Radegm Overcome public expenditure in the increase Pqqahtmla Radegm)) 7.7 7.7 ((I would like to billion I would like to billion Shiny Shiny during t during t have one Have one.. 3 - 3 - Pvla Aftera Pvla Aftera service Service Konbll Pelhm Naveed Klanh Naw Assock Rules of public debt Konbll Pelhm Naveed Klanh Naw Assock Rules of public debt on this Pdiavla prices of Knapp note, the Ministry of Finance on Izaramla Knblao This commercial Pdiavla on prices of Knapp note, the Ministry of Finance on Izaramla Knblao commercial debt Zkha Zkha debt v T Sbatm in recent Hnolaa in Afterlb In recent Sbatm Hnolaa in Afterlb e E ratio Proportion)) 20 20 (% (% Anfdha Azov, Anfdha Azov, Ola with Pfalakla these Ola Pfalakla with this Ranedla value in Afterlo Tadazemla on Ppetrtmla Lawm Ranedla value in Afterlo Tadazemla on Ppetrtmla Lawm Ministry to on an additional burden Ahaumajmb to Kchets Ahnov the Iraqi An additional burden on the Ministry to Ahaumajmb to the Iraqi Kchets Ahnov.. Positive effects Positive effects:: 1 - 1 - Assock, inflation Hamj love on Ranedla opportunities Ras has improved Skni Na Akoti Assock, inflation Hamj love on Ranedla opportunities Ras has improved our Skni Akoti not bank before from Pdiavla prices of Afar in the segment, Rakha Earja Hagafar Not before the Bank of Pdiavla prices of Afar in the segment, Rakha Earja Hagafar Izarm Izarm.. Mulla Ibajil impact NAF Piqiqahla in Mullah Ibajil impact in the Nave Piqiqahla W W T and his hope to achieve the purpose of this S-T and his hope to achieve the purpose of this S and most likely And most likely rates of MI Rates mi Monetary displayed Monetary udder Na Us Nla Display size Nla Display size s S Pdmell by Pdmell by)) 2002 2002--2006 2006 ((increase in case of Increase in case of, cash Fadmla for Afb Pdrtdm, For cash Fadmla Afb Pdrtdm the headquarters of the table data or Iho Hdawt The headquarters of the table data Hdawt or Iho)) 1 1 ((Amdapf Amdapf defeated Defeated T T to Oadtla in Pmualla To Oadtla in Pmualla)) 2.5 2.5 ((Ned Ned Nuelrt Nuelrt Shiny Ra Shiny ra 2002 2002 defeated until Afterl for Cao Dominated until the Afterl Cao)) 4.6 4.6 ((KD KD Nuelrt Nuelrt Shiny Shiny Shiny 2003 2003 The Shiny either 2004 2004 Dagaf defeated Defeated Dagaf)) 7.1 7.1 ((then KD Nuelrt Then JD Nuelrt night increased from Night increased from)) 9.1 9.1 ((KD Nuelrt Shiny Shiny KD Nuelrt 2005 2005 Waseel night to night, then Night to night and then Waseel)) 9.2 9.2 ((KD KD Nuelrt Nuelrt Shiny Shiny 2006 2006.. Deposits ongoing value of either Na Ongoing deposits the value of either Na's For the private Atql The private Atql commercial Frasamla indicates Commercial Frasamla shows Ihv Ihv overcome Amdapf Afterlb Hzkha other Overcome Amdapf Afterlb Hzkha other)) 1.1 1.1 ((Shiny KD Nuelrt Shiny KD Nuelrt 2003 2003 has continued to beat until Afterl Beat until Afterl has continued)) 3.9 3.9 ((Shiny Shiny 2006 2006.. 9 9

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Data night Adantsa Mkhn Na Ihedbla permission of the Data night Adantsa Mkhn Na Ihedbla permission of the)) ongoing Aiaulau to Oadtla in Pmualla Ongoing Aiaulau to Oadtla in Pmualla Kidila Monetary is shown that the concept of night Monetary Kidila is shown that the concept of night)) M1 M1 ( (dominated Amdapf Pdayizlab Zko Defeated Amdapf Pdayizlab Zko)) 5.7 5.7 ((m Nuelrt Nuelrt Kcbo to the increase of JD Cao M for the increase of Kcbo Cao JD Z-Z thinks even expulsion Dominated until expulsion)) 13.2 13.2 ((data Bsh Nuelrt KD KD data Bsh Nuelrt Shiny Shiny 2006 2006.. Tzkha that the government of our DEC Tzkha that the government of our DEC during which both a sense of tools that can be Na Thpt During which both a sense of tools that can be Na Thpt touched Touched Nlaq Nlaq on Pdiavla prices of the Afar or through the Iraqi Ranedla value Strengthening through Ouaos Head Pdiavla on prices of the Afar or through the Iraqi Ranedla value Strengthening through Ouaos Head No deposits No deposits Del commercial Banks Del commercial Banks Z Z the Iraqi Izaramla Bank The Iraqi Izaramla Bank .. Izaramla Bank Medka Dagaf to Aflabo Izaramla Bank Medka Dagaf to Aflabo indicates commercial Banks deposits on Hdiaov prices of Afar on Indicates commercial Banks on deposits Hdiaov on prices of the Afar e E and until the past year late And until the past year late Abataat Dagaf, the current General Altm Abataat Dagaf, the current General Altm e E of this Tadayizla Tadayizla of this) 7) 7%%,, 10 10%%,, 12 12%%,, 16 16. (%. (% Financial Netseissela tools Rvazt Na Kish Lab Financial Netseissela tools Rvazt Na Kish Lab of mitigating night Idwi Dbla Pidguenlao e Naw Mitigation of the night Idwi Naw Dbla Pidguenlao e target is the Iraqi Ranidallal Piqiqahla Afar Pgittenlab value means the United inflation Pdh A target value of the Iraqi Ranidallal Piqiqahla Afar Pgittenlab inflation means the United Pdh Kldhu Nofal go Aretha to Iavcla Nkamila here at night reference Rdjto this procedure of Ygtbmla Kldhu Nofal Aretha to go here at night Iavcla Nkamila reference Rdjto this procedure of Ygtbmla L in Pimkhaddt Ratha emergence night that lead the importance of relevant other factors Dojul L in Pimkhaddt Ratha emergence night that lead the importance of other factors relevant Dojul the Iraqi Dastq The Iraqi Dastq.. the headquarters of the Lodge The headquarters of the Lodge)) 1 1 ((Monetary displayed Hazavi Monetary displayed Hazavi)) M1 M1 (()) KD billion KD billion ((udder Total Displayed the total Monetary Monetary)) M1 M1 ((ongoing deposits Ongoing deposits in Pmualla Net In Pmualla Net to Oadtla To Oadtla) 1) 1 ((years; Years;) 2) 2 (()) 1 + 1 + 2 (2 ( Rigtla percentage Rigtla percentage 3.013 3.013 449 449 2.563 2.563 2002 2002 5.773 5.773 1.143 1.143 4.629 4.629 2003 2003 91.6 91.6%% 10.148 10.148 2.985 2.985 7.162 7.162 2004 2004 75.7% 75.7% 11,399 11,399 2,286 2,286 9,113 9,113 2005 2005 12.3 12.3%% 13.226 13.226 3.932 3.932 9.294 9.294 2006 2006 * 16% * 16% * * data Data Shiny Shiny 2006 2006 a Rhish Pjagl A Rhish Pjagl j J Mqurmla the Iraqi Izaramla Bank Bata Bsh lol Mqurmla the Iraqi Izaramla Bank Bata Bsh lol)) 4 / 4 / 7 / 7 / 2516 2516 ((10 10

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2-2 - on the Iraqi Rajtla Encourages Ranedla value Aftera Encourages Rajtla on the value of the Iraqi Ranedla Aftera Azho from abroad increased Tadaretsl Azho from abroad increased Tadaretsl the value of the Iraqi Ranedla Strengthening process of authorization, Iraq at night increased flow of goods and services means Strengthening the value of the Iraqi Ranedla authorization process, Iraq at night increased flow of goods and services means from abroad of Drutsmla Commodity Addouramla of Rbaa Rdq Ford on the GTI Na Ahnoc of From abroad of Drutsmla Commodity Addouramla Rbaa Rdq from Ford on the GTI of our Ahnoc Khalaa Nla Inat Bnag of local production and encourage Haj Khalaa Nla Inat Bnag of local production and encourage Haj j J p some extent Ylao depends on t P Ylao some extent depends on t factors for Yale Factors for Yale in the goods of Elkla demand Making framework in Besni Hala Azho from abroad Pdrutsm production Elkla of goods in demand in the Making framework Besni Hala Azho from abroad Pdrutsm production of financial resources from either angle, Ahnm Addouramla harmonization with the case of Financial resources from either angle, Ahnm Addouramla harmonization with the case General General that can be Na Na that can be our Hnoc of Tadrotzmla increased Na in the Tmtaat Ihv the Iraqi Ranedla value Afar Ahqqahi Na Hnoc Tadrotzmla increase of Na in the Tmtaat Ihv Ranedla the value of the Iraqi Afar Ahqqahi RIA increase on to me RIA increase on to me charges of the State Tada Charges from the State Tada by law to work for Activating Bjoutsi Ivla Ramlao By law to work for Activating Bjoutsi Ivla Ramlao where the world to bear obsession Pidodahla Zvanmla in Bestela termination after Piarmcla Pveratla Where the world to bear obsession Pidodahla Zvanmla in Bestela termination after Piarmcla Pveratla on now Ramlao Rstaki Now on Ramlao Rstaki Diho to Akesh Diho to Akesh a A Rama re-Mysore in the segment, Piarmcla charges of Rama re-Mysore in the segment, Piarmcla charges of Glablao Iraq Glablao Iraq) 5) 5 (% (% a of Tadrotzmla value on Tadrotzmla of a value on Jrakhl Jrakhl 1 1 3 - 3 - entry Imant night Ducal Commercial activity in the expansion and Nave above Ptguenlab Atabtra The entry Imant night Ducal Commercial activity in the expansion and Nave above Ptguenlab Atabtra on income taxes Tadareia in and night automatically Idwi UN, Nidrutsmla On income taxes Tadareia in and night automatically Idwi UN, Nidrutsmla particularly if Particularly if the Administrative Tahgela between the information exchange system for Activating been or Administrative Tahgela between the exchange of information system for Activating been or and tax And tax)) General Body General Body Piihlao Kramkll Piihlao Kramkll Biardill General Biardill General (. (. 111 111 Lao Tadrotzmla on Piarmcla burdens mitigation in the Tmtaat Pibajia aspects of Iraq Rama re-Mysore value Dhafajnla Na Lao Tadrotzmla Piarmcla on alleviating the burdens of Tmtaat Pibajia aspects of Iraq re-Rama Mysore value Dhafajnla Na inform Pvla constitute It Inform Pvla constitute It Pidhaqla International Knblao Monetary Fund Tavsoo international trend with Yhamte is reporting this Dhafajnlo Consumer Guetaa on Ahouaqla when or Pidhaqla Knblao International Monetary Fund Tavsoo with the international trend is to inform this Yhamte Dhafajnlo Consumer Guetaa on Ahouaqla Matthew M Namrah in the Tmtaat Ihv negative Hbnawj Lama, and services goods Jorgo the entry on freedom of Mkla Piarmcla burdens reduce the Prorill Namrah in the Tmtaat Ihv negative Hbnawj Lama, goods and services Jorgo on freedom of entry to reduce the burdens Mkla Piarmcla Prorill a A current Vrzla Z in Assock Hnm you suffer Ivla deficit a problem in addressing the some extent Ylao contributes to our general can Darila Pnzawml Z in the current Vrzla Assock Hnm Ivla you suffer disability in addressing the problem of Ylao contributes to some extent can our public Darila Pnzawml..

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V Rouhmla V Rouhmla:: CONCLUSIONS AND RECOMMENDATIONS CONCLUSIONS AND RECOMMENDATIONS CONCLUSIONS CONCLUSIONS:: 1 - 1 - read between Iraq in the exchange rate Ahzkhta Itla systems and the shapes multiplicity Na Read out between Iraq in the exchange rate Ahzkhta Itla systems and multiplicity of shapes Na a. A stone Stone economic conditions and nature Agafti Lambo Radamlaw Muaamlaw Fixed exchange-at the rate Economic conditions and nature Agafti Lambo Radamlaw Muaamlaw Fixed at the rate of exchange-this Dagia Thbltt Itla and political This Dagia Thbltt Itla and political exchange-systems of Kaz Wa Figure Systems of exchange-Kaz Wa Figure . . 2-2 - currencies of Izaramla Bank indicates a legal a cash reserve Dojul Naa Currencies of a legal Izaramla Bank indicates a cash reserve Dojul Naa Pibngelaa Pibngelaa Rod Rod Radmla Rasla system night Muamla exchange-system for the transmission of Activating the Radmla Rasla system night Muamla exchange-system for transmission to the Activating. . 3-3 - Pibuls aspects Krtt Na Dbla Radmla exchange rate system the night of the transition process for our Pibuls aspects of our Krtt Dbla Radmla exchange rate system at night to our transition process Aiv on Aiv on T. T Ock society of certain Ock society of certain Ibngelaa Dguenlab Nilmatmla Kiloa Ace Ibngelaa Dguenlab Nilmatmla Kiloa ace. . 4-4 - in Pltmtmla Financial implications of Plmj Dbla Karti Na Naa Na exchange rate change In Pltmtmla Financial implications of Plmj Dbla Karti Na Naa Na exchange rate change Ouaro NAF Pgittenlabo target of public expenditure Pdayizo General Income Reduce Ouaro NAF Pgittenlabo target of public expenditure Pdayizo reduce the General Income inflation Pbrahm Kirt Na Naa Ichaamla Afar exchange-level system change Inflation Pbrahm Kirt Na Naa Ichaamla Afar exchange-level system change the value of a Pioukto A value Pioukto the Iraqi Ranidl The Iraqi Ranidl. . 5-5 - action that of Plmj Hbnag of Zkhta Izaramla Bank Na refers to Akola Of action that Plmj Hbnag of Zkhta Izaramla Bank Na refers to Akola Hamagela inflation rates Bhsl Ahiab with Rvaztaat Na Dbla Hamagela inflation rates Bhsl Ahiab with Rvaztaat Na Dbla to Aguetnlo To Aguetnlo Ranedlab Ranedlab The Iraqi member of the Iraqi night Member of the night on a A Pdiavla prices of Afar Izaramla Bank grows where Ldv Pdiavla on prices of the Afar Izaramla Bank grows where Ldv deposits Deposits pw Ylao Hidl commercial Banks Pw Ylao Hidl commercial Banks Ranedla opportunities in Ras Ibajia change Thad Ranedla opportunities in Ras Ibajia change Thad the Iraqi The Iraqi. . 6-6 - T can not be our monetary policy procedures and not the known Na economically T. Na monetary policy can not be our procedure is not economically viable the known a A Epehrit It It Epehrit Tmedka or a financial policy Taoodla for Activating Ahagafart ml Na independent Prosb Tmedka or a financial policy for Taoodla Activating Ahagafart ml Na independent Prosb Adareil motivate night Aouso General expenditure Ninguetb Ouadtba Ministry of Finance Hela Adareil night to motivate Aouso public expenditure Ninguetb Ouadtba Ministry of Finance Hela v T Pmiaomla Qqahi Ivla to Kfalb Pidaysla Pmiaomla Qqahi Ivla to Kfalb Pidaysla For the general budget for a need General budget a need. . 1212

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I translated this in English for you.. but I am glad you found my link on the Rumor Page useful

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