U.S.-Iraq Macroeconomic and Financial Forum Meets
Secretary Snow and Iraqi Finance Minister Ali Allawi today co-chaired the first meeting of the U.S.-Iraq Macroeconomic and Financial Forum. This new Forum is part of the broader bilateral economic dialogue known as the Joint Commission on Reconstruction and Economic Development (JCRED). They discussed key policy and implementation issues affecting Iraq’s economic reconstruction, with a focus on the macroeconomy and the financial sector.
They were joined in the discussion by key members of the U.S. and Iraqi economic teams, including Governor of the Central Bank of Iraq Dr. Sinan al-Shabibi, and participants from the State Department, National Security Council, World Bank, Federal Reserve Board, and the Federal Reserve Bank of New York.
Iraqi Dinar, Budget Forum
Much of the session was devoted to Iraqi efforts to secure passage of a fully-financed 2006 budget and to develop a system for sound budget formulation and execution. There was also extensive discussion of the monetary policy instruments needed for Iraq to maintain price stability. The participants discussed ways in which to ensure that Iraq’s oil wealth is used to promote economic growth, to better mobilize the Iraqi private sector and to revitalize the banking sector.
Secretary Snow and Minister Allawi noted substantial progress over the past year in many areas of fiscal and monetary policy:
- Iraq is well on the way to executing a fully-financed budget in 2005.
- Iraq’s 2006 budget will include measures to reduce meaningfully the cost of the government’s subsidy program both in 2006 and beyond.
- The Iraqi dinar remains sound and stable.
- The Central Bank of Iraq has been expanding its set of monetary policy tools.
In addition, Secretary Snow and Minister Allawi also welcomed progress on settling Iraq’s commercial debt and signing bilateral sovereign debt agreements under the Paris Club.
This Iraqi Dinar new was released by ustreas.gov
I got my info in January about the Dinars thru the church. Prayers go up daily that we have not been led astray. I’m the mother of 4 bright children and the grandmother of 10 beatiful babies. Come on Dinars! Grandbabies need a college education! Love all of ya and I’m praying we’re not wrong!
Hey everyone, i just bought 125,000 dinar for 150$ i dont do stuff like this but some guys at work got me to throw 150$ in on it. i live in shreveport, la and ill be back to comment further. good luck
Hello everybody. I am new to this iraqi dinar forum but have been on others. Rumors claim that Iraq has set the rate at 3.82. Most everything is finished now we are waiting on the press release. There are many banks who have already been updated with the new info and are ready to cash in.
I truly hope this is true and helps you and keeps you praying. I will keep ya’ll posted as I get more info. Thank you.
I sit here and read many, many articles from past to pres. and it is amazing how so many people has bought in to the dinar over the years and are still waiting to see a revalue! My husband and I bought a fair amount in the past weeks and now we are prisoners of hope. We didn’t break the bank to invest in this, but I am so happy that there is a past history of the anticipation of this happening. I can go on with my life knowing that we just invested in a long-shot. I am new to this and my heart goes out to all of the people that have been waiting 4, 5, and 6 YEARS!
wheen do you think the new iraqi dinar will revallue and for how much value .thank yoou daavid m. renner