Showing posts with label new iraqi dinar exchange rate. Show all posts
Showing posts with label new iraqi dinar exchange rate. Show all posts

9.21.2009

New Iraqi Dinar News - Iraq Decides To Make Ethanol From Dates

One of the largest oil producing countries in the world, and they have a project to make ethanol from dates?

Huh?

One of the most oil-rich countries in the world will be making ethanol from excess dates. Iraqi government has approved a plan to produce the clean burning alernative in attempt to boost their economy.


“This project will support Iraq’s economy by encouraging farmers to expand date palms farms,” an Iraqi cabinet member said.


Prior to the US-led invasion of Iraq, the country produced more than 900,000 ton of dates per year. The country only used about 150,000 ton so the remaining was exported. However, since 2003 the market for Iraqi dates has dried up to the point where only about 350,000 ton of them are produced annually.


Iraq’s excess dates end up rotting in storage or being fed to animals. An undisclosed United Arab Emirates company has been given the rights to make the date ethanol. Exact cost estimates and projected ethanol production have not been disclosed.

4.27.2009

New Iraqi Dinar Exchange Rate-After a U.S. Raid: 2 Iraqis Dead, Protests and Regrets

CAN WE GET OUT OF THIS PLACE ALREADY??? AREN'T THEY READY TO TAKE OVER YET? IF WE ARE NOT THERE TO GET THEIR OIL LETS BOOK!

By STEVEN LEE MYERS

Published: April 26, 2009

BAGHDAD — American troops killed two Iraqis on Sunday during an early morning raid in southern Iraq that set off public protests and drew a pointed complaint from Prime Minister Nuri Kamal al-Maliki that the operation violated a new security agreement between Iraq and the United States.

The American raid in Kut set off protests by local residents.

The raid was not the first violent episode involving American forces to provoke a public dispute since the security agreement took effect in January, but it quickly became the most serious test so far of the agreement’s carefully negotiated provisions.

Mr. Maliki, in a statement read Sunday evening on the state’s television network, Al Iraqiya, criticized the raid as a violation of the agreement and called for the American military to “hand over those responsible for this crime to the courts.”

Under the agreement, Americans can theoretically be charged by Iraqi authorities, but only in extremely rare cases in which they are not “on duty.” The raid nonetheless set the stage for a potentially contentious dispute at a time when American troops are preparing to withdraw.

The operation underscored the confusion and anger stemming from raids against people suspected of being extremists now that the Iraqis are officially in charge of security across the country.

By the end of the day, the raid appeared to have been a mistake in the first place, as six men arrested in the operation by the Americans were released after being questioned in Baghdad. The American commander in the region, Col. Richard M. Francey Jr., joined senior Iraqi officials on Sunday evening at a news conference in Kut, the city south of Baghdad where the raid took place, and apologized.

The American military command in Baghdad said in a statement that it did not retract its position that the operation was aimed at suspected Shiite militants and that it was “fully coordinated and approved by the Iraqi government.”

Regional officials and commanders from the Ministry of Defense provided contradictory accounts on Sunday.

Hundreds of people, including relatives and neighbors of those killed, as well as police officers, gathered near the offices of the provincial council in Kut, the regional capital of Wasit Province, a largely Shiite province bordering Iran. They chanted “No, no to America,” “No, no to occupation” and “No, no to Israel.”

Latif al-Turfa, Wasit’s governor, said that the operation violated the security agreement and added that one of those arrested, a police captain, was “a good person in the province.” A member of Wasit’s provincial council, Alaa Hussein Hachim, denounced the operation as “such an ugly crime.”

The Defense Ministry’s spokesman, Maj. Gen. Mohammed al-Askari, said that two Iraqi Army commanders in the region had been detained and accused of not informing their superiors about the operation.

That suggested that some Iraqi commanders knew of the raid in advance, though it was not immediately clear who authorized it and whether the American troops possessed an arrest warrant, as required under the agreement. The American military declined to answer any questions, referring repeatedly to its initial statement.

According to the American military and witnesses, American troops arrived early Sunday at a house belonging to a local sheik, Ahmed Abdul Sada. The military’s statement said the troops opened fire when “an individual with a weapon came out of the home.”

“Forces assessed him to be hostile, and they engaged the man, killing him,” the American statement said. “During the engagement, a woman in the area moved into the line of fire and was also struck by gunfire.”

A medic treated her at the house, but she died before being evacuated for treatment, the statement said. The woman was Sheik Ahmed’s wife, Azhar, his relatives said. The other person killed was the sheik’s brother Khalid, a policeman.

The American statement said that troops arrested six people, including Sheik Ahmed, suspected of belonging to the Mahdi Army and the Promise Day Brigade, both Shiite militias suspected of carrying out attacks against American and Iraqi forces.

By late afternoon, however, the men returned home. Sheik Ahmed said in an interview on Sunday evening that his wife, in a panic, had picked up a rifle when the Americans burst into their home in the middle of the night.

“If the Americans had only knocked, we would have cooperated,” he said. “Instead they came from four corners.”

He and his brother Ayad said they had been flown by helicopter to a military base in Baghdad and questioned before being released with an apology. “ ‘You are not the people we want,’ ” Ayad Abdul Sada said an American told him.

A delegation of American and Iraqi officers later visited the raided house and the provincial council to express condolences and apologies. “It is really a tragedy, and I express my deep regret and apologies to all the families that lost victims,” Colonel Francey said at the news conference in Kut.

He added that the operation had not been carried out by troops based in Wasit. That, and comments by Iraqi officials, suggested that American Special Operations forces, whose missions are shrouded in secrecy, carried out the raid.

Anwar J. Ali contributed reporting from Baghdad, and an Iraqi employee of The New York Times from Kut, Iraq.

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3.11.2008

Bring Home Dollars from Oil Rich Iraq

Should Iraqi Oil money be used to pay back the US for blood and treasure spilt on Iraqi sands?

Since OIL MONEY returned to Iraq, following its flow has been an exercise in frustration. Those plentiful dinars were supposed to bring succor to Iraqis weary of war and deprivation, and were promised to ease the strain on the U.S. pocketbook.

The money has done neither.

Whether siphoned off the pipelines, shoved deep in a pocket or sliced off the top, billions of dollars that were supposed to rebuild Iraq have simply disappeared.

In their place, America has been forced to prop up Iraq and its government with billions of dollars that could have - and should have - been spent on pressing needs closer to home.
Sen. John Warner wants to know why. With Senate Armed Services Committee Chairman Carl Levin, he has sent a letter to the top official at the U.S. Government Accountability Office, asking where all the money has gone.

Corruption in Iraq is nothing new. Neither is poverty.

But at a time when Americans are paying $3.25 for a gallon of gas, when oil is at the record price of $108 a barrel, patience with Iraq's oil accounting problems has grown vanishingly thin.
It grows thinner with news that the country's oil revenues were over $41 billion last year, and are on track to reach $56 billion this year, or that U.S. expenditures in Iraq total more than $200 million each and every day.

"In fact," reads the letter, "we believe that it has been overwhelmingly U.S. taxpayer money that has funded Iraq reconstruction over the last five years, despite Iraq earning billions of dollars in oil revenue over that time period that have ended up in non-Iraqi banks.... (T)he Iraqi Government is not doing nearly enough to provide essential services and improve the quality of life of its citizens."