Proposed Alternative To Current Format

Proposed Alternative To The Current Format of Posting Articles.


The budget: In a significant move, the Iraqi parliament has completed the first passage of the 2014 annual budget despite boycotts by the Kurds.
Baghdad (AIN) –The Central Government and Kurdistan Region have reached a compromise over exporting the oil and endorsing the Budget.

An informed source stated to All Iraq News Agency (AIN) “KR agreed upon exporting its oil thought SOMO Oil Company where the official announcement of the agreement will be within two days.”

“The two sides agreed upon endorsing the General Budget next week after settling the disputes over it,” the source concluded.  We just may see them pass the budget and get some of the other laws done because Maliki has got to be so scared. If he does not get elected on April 30 then he will be running for his life. IMO I believe that either way, he needs to show that he has something to offer the people or he doesn't have a chance of survival.

The coin does not can be used in Iraq as long as there is inflation in prices, “he said, adding that” by the success of their use is to remove three zeros from the Iraqi dinar. ” The expert added that he “can the central bank issuing the coin for circulation in shopping or transportation and so on,” stressing the importance of currency Mineral from where it does not consume as the currency paper. ” He revealed “pull the central bank of the coin (silver) after failing were sold through auctions and some of them have been preserved in some of the banks.”


to the economist said Maytham and coffee for the (long) that “the coin of advantages over paper currency of where the lack of damage and long life, while lies flaws in the weight of the weight and the difficulty of her pregnancy. ”
and pointed to the coffee that “the reason for the failure of the coin is due to the inability to use it only to buy a limited flea,” pointing out that “inflation in the prices of goods extent of the use of this currency . ”


and explained that “the central bank and the banking system have failed to succeed in currency trading metal in the country, by not imposing distributed with salaries and not handled by the private banks and the government.”
and stressed that “the ways of the success of the coin in the country is the deletion of zeros from the Iraqi dinar” , noting that “this option has been ruled out until after the elections.”

They have coins over there however they are not worth anything because of the low purchasing power of the currency. Most of the coins have been turned in to the banks and the only way that the coins will be worth using is an increase in value. Another article that is giving us clues of their intentions.

Alsumaria News / Baghdad – Announced the Board of Supreme Audit, Saturday, that the protection of Iraqi funds in the United States ends Bayar next, and at the time that indicated that claims to pay the debts of traders and countries does not pose a threat to the country’s resources, asserted that Iraq’s Office legal adviser for the defense of their rights. noted that Iraq is seeking to cancel the debts arising during the reign of the former regime of Saddam Hussein , amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and some other countries and traders,

with some countries demanding the Iraqi government and the merchants need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.
The DFI Fund in the US expires in May of this year and Iraq needs to pay back the debts they owe. They are trying to get the debts forgiven and they have some of them through the Paris Club but there are others that needed taken care of. Some of the countries are demanding they pay them or else face the international court. There are many, many people begging and demanding that Iraq step up to the plate. MORE PRESSURE!!

Announced the national body for investment, on Monday, Post 10 American companies, notably the (McDonald's) and (Pizza Hut), in addition to the companies Hospitality and Tourism conference in development opportunities for special privileges in Iraq, and with an eye to nominate a number of provinces, most notably Baghdad to enter those brands where , the U.S. Embassy confirmed that the existence of such a global companies in Iraq will foster the economic sector in Iraq.

How about that? When we travel to Iraq we will be able to eat American food! That is great for tourism which they are actively pursuing. This will cause the economy to grow faster also. There are many more companies, hotels, phone, tourism, food, etc that are all investing in this country.

So we continue to watch them. Elections are coming up soon. They have said that they will delete the zeros after the elections. However, that doesn't mean they want start before the elections. I wish I could tell you that this was going to be over this week and it will be 3.00 but since we can't know that then just rest assured in the fact that we do know that they are going to raise the value of the dinar and we will be looking with expectation for it to happen.

Iraq is under tremendous pressure and with the elections and needing to show that they care about the citizens then there is even more urgency to pass the laws which help them move forward as a country. They want so badly to join the WTO but they have certain requirements that they must meet. They are trying again to get in. I am encouraged!!