Iraqi Dinar News - Iraq News

Iraq News

The dollar-IQD devaluation following IMF program

6/12/07 An Iraqi economic expert attributed the continuing high conversion rate of the Iraqi dinar and the relative decrease in the value of the dollar to the adoption of strict monetary and fiscal policies by the government.
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US to reoperate 200 abandoned facilities in Iraq

7/11/2007 MENAFN) The American Defense Department has initiated a campaign to reoperate about 200 factories and facilities in Iraq, which were owned by the former regime and abandoned after the 2003 US-led invasion of Iraq, the Associated Press reported.
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Iraq says 200 explosive belts seized on Syrian border

7/11/2007

Iraq says 200 explosive belts seized on Syrian border, US says Syria still major entry point

The Associated Press
Tuesday, July 10, 2007
BAGHDAD: Iraqi security forces seized 200 explosive belts Wednesday along the Syrian border, a police spokesman said, reinforcing Baghdad's claims that its western neighbor isn't doing enough to stop the flow of fighters and weapons to al-Qaida in Iraq.

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Iraq Economic & Strategic Outlook Banking Sector

7/11/07
Iraq Economic & Strategic Outlook – Banking Sector – Although the banking sector in Iraq is key to economic growth and the rapid development of the country, the banking infrastructure is not fully functional yet. Iraq does not have a developed banking sector and regulation is relatively rudimentary. This is due to the fact that bank branches are currently executing only limited transactions.

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Settlement Bank

7/11/07 An agreement between Iraq stock exchange and the Middle East for Investment Bank has been made, this agreement select the Middle East for Investment Bank to be the settlement bank for shares trading operations.
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Bush Plans To Stress Next Phase In Iraq War

7/10/2007
GOP Dissent Spurs Change In Message but Not Course
By Peter Baker and Karen DeYoung Washington Post Staff Writers Tuesday, July 10, 2007; A01

President Bush, facing a growing Republican revolt against his Iraq policy, has rejected calls to change course but will launch a campaign emphasizing his intent to draw down U.S. forces next year and move toward a more limited mission if security conditions improve, senior officials said yesterday.

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Bush Says U.S. Can Still Prevail in Iraq

7/10/2007 Edwin Chen and Roger Runningen 18 minutes ago July 10 (Bloomberg) -- President George W. Bush, confronted by a spreading Republican revolt over his Iraq strategy, said the U.S. still can prevail in the conflict and bring about a stable democracy there.
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Official: Iraq gov't missed all targets

7/10/2007 By ANNE FLAHERTY and ANNE GEARAN, Associated Press WritersTue Jul 10, 7:53 AM ET A progress report on Iraq will conclude that the U.S.-backed government in Baghdad has not met any of its targets for political, economic and other reforms, speeding up the Bush administration's reckoning on what to do next, a U.S. official said Monday.
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Iraq's South Oil Co Issues Tender to Drill 16 Oil Wells

7/9/07 The Iraqi South Oil Co., an affiliate of the oil ministry, has issued a new tender to drill or complete drilling 16 oil wells in southern Iraq, the company said on its Web site. It said the closing date for companies to offer their bids is by the end of office on July 10. It gave no further details.
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Demand for dollar stable in daily auction

Monday , 22 /10 /2007 Baghdad, Jul 10, (VOI) - Demand for the dollar was stable in the Iraqi Central Bank’s auction on Tuesday, reaching $62.865 million compared with $65.170 million on Monday.
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Give the 'Surge' a Chance

7/9/2007

By PETE HEGSETH
July 9, 2007; Page A15
This week, Democrats on Capitol Hill are expected to present several different bills meant to undermine the war in Iraq. I fear that it will be difficult for Americans to discern the facts, as members on the Hill (including some Republicans) will revisit past failures and lament unfortunate losses rather than undertake a serious critique of the new counterinsurgency strategy.

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