Thread: Iraq/Dinar News. (before Jan.20,2007)

Originally Posted by Wm.Knowles

To worf and ranger III. Both are excellent posts. And cover all of the relevent reasons for an RV. My only comment is that they the CBI can not continue this process of removing dinar for much longer. There is a finite limit as to how much can be removed. The more the better for us, but they have to be approaching the bottom of the pot. There is a limit. We might not kow exactly what that level is, but it is there. And I think they have to be reaching it very soon. Thank You.

Thanks Wm.

Elfwizard wrote: One problem, Like I have said a hudred times before. You have no idea how many dinar are going back out. Its not all intake.

My response to that is, something must be happening look at all of the reports of dinar drying up everywhere. Even the banks and many dealers can't seem to fill the orders. That to me would indicate that indeed the dinar supply is drying up.

worf

Turkey Concerned as Kurds Take Control of Northern Iraq
By Annette Großbongardt in Istanbul

Ankara is thinking aloud about a possible military intervention in northern Iraq. As the Kurdish population consolidates its hold on oil-rich Kirkuk, the Turkish government worries about increased sectarian violence among the separatist PKK.

The confidential report on strategic threats to the Turkish nation issued by Turkey's National Intelligence Service (MIT) bore a simple title: "Iraq, Terror, Kirkuk and the PKK." Copies of the explosive document were already lying on the desks of the Turkish president and of Prime Minister Recep Tayyip Erdogan before the beginning of the new year.

And it is explicit about the threats facing Turkey -- especially the one posed by Iraq. Kurdish PKK militias have withdrawn to the northern part of Turkey's neighbor to the south, and the region's Kurdish population already enjoys far-reaching autonomy. Were Iraq to break apart, Ankara would suddenly be faced with a Kurdish state as a neighbor, a situation, the report makes clear, which could incite Kurdish separatists in south-eastern Turkey to continue their fight for independence.

Kurds are already attempting to alter the demography of the oil-rich northern Iraqi city of Kirkuk in their favor, the document warns. Some 600,000 Kurds have already been drawn into the multi-ethnic city, many of them returnees after former Iraqi dictator Saddam Hussein followed a policy of increasing the city's Arab population. Some Kurds have even been lured back with cash -- while at the same time some 200,000 members of the Turkmen minority have been driven out, according to the confidential report. Come referendum time -- when Kirkuk residents will be asked to vote on whether the city should become part of the autonomous Kurdish region in Iraq -- the increase in Kurdish residents is meant to ensure a favorable result.

A Turkish military intervention in Iraq ?

Turkey, the report says, cannot afford to remain passive in the face of such developments, a point of view Erdogan emphasized in Ankara on Tuesday. "Turkey will not remain a silent observer of developments in Iraq and will not remain indifferent to developments in Kirkuk," he said.

The Turkish government has called for the referendum in Kirkuk to be postponed -- a position that reflects a recommendation of the Iraq Study Group, which provided a non-partisan analysis of the situation in Iraq for the US government in early December.

Even a military intervention could not be excluded as "one option" an Erdogan advisor told DER SPIEGEL. "The territorial integrity of Iraq has to be preserved. A civil war in Kirkuk must be prevented," he said.

But the advisor also said the bases the separatist Kurdish Workers Party (PKK) has set up in northern Iraq remain Ankara's greatest worry. The number of Turkish troops around the Iraqi border has already been increased, Turkish newspaper Zaman reported. Even the political opposition in Ankara has said it would support a parliamentary resolution to send Turkish troops into northern Iraq.

Deniz Baykal, the leader of CHP, the largest opposition party in Ankara, is interested in attracting popular attention ahead of presidential elections in May and general elections in November. He has effectively urged the Turkish government to prepare a military intervention in Iraq. "We are ready to back the government (on intervention)," he said over the weekend. "We're planning to invite parliament to debate this."

Alarmed, the US government in Washington had its ambassador in Iraq, Zalmay Khalizad, warn the Turkish government against interfering in Iraqi affairs.

Article cont'd
Sabre-Rattling in Ankara: Turkey Concerned as Kurds Take Control of Northern Iraq - International - SPIEGEL ONLINE - News

Iraqi Company for Bank Guarantees (ICBG) now operational
17 January 2007 (USAID)


Created through the USAID-funded Izdihar program, ICBG fosters an SME lending capacity among Iraqi private banks.

ICBG will leverage USAID-supplied funds by providing loan guarantees to bank and microfinance lenders in Iraq. The company provides technical assistance to partner banks, enabling them to shift from an asset-based to a cash-flow-based lending methodology. It also provides technical assistance through extensive training and outreach activities to introduce partner banks, inter alia, to modern concepts of portfolio and risk management, internal auditing and control procedures, accounting (including classification and provisioning along Basel-compliant lines), corporate governance international practices, loan administration and profitability management.
Iraqi Company for Bank Guarantees (ICBG) now operational | Iraq Updates

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Originally Posted by Sudden Impact

One thing that is PERFECTLY 100% CERTAIN is that NOBODY, even the Iraqi's know WTF is really going on. So keep up the speculations...why not, the GoI is....

You're trying to imply the GoI is laughing at speculators? Now that delusion is worth laughing at!

Baghdad-Sabah
دعا خبير اقتصادي الجهات المسؤولة الى العمل الجاد من اجل اعادة الجهاز المركزي للاسعار الذي تم الغاؤه في زمن النظام السابق.Economic expert called the concerned authorities to work hard for the Central Agency for prices, which has been abolished in the time of the former regime.
وقال الدكتور كريم عبد الرزاق من مركز البحوث الاقتصادية والدراسات في جامعة بغداد في تصريح صحفيHe said Dr. Kareem Abdul-Razzaq from the Center for Economic Research and Studies in the University of Baghdad, in a press statement

"The CAA was one of the most important tools that governs the movement of the market and the reduction of the high prices being one regulatory executive at the same time, what kind of art stability in the economic situation in addition to the strengthening of the Iraqi currency."
He added : "The CAA is a player head in the Iraqi economy through the control of inflation economic become a dangerous phenomenon which threatens the foundations and pillars of the Iraqi economy without a clear gesture of those responsible for its control."

He pointed out : "The bodies of the previously dissolved in the 1980s, and created instead by economic security, which was not required level, and doubled the problem after the imposition of the economic blockade beginning of the 1990s when a state printing the local currency in the country."
He called for "the need for action by governmental bodies and research centers to help restructure the system to control the negative phenomena that occur on the Iraqi economy."

So glad to see all the information. Hopefully soon it will be a done deal.
HCL is almost ready for the unveiling..........and then maybe we can see our
R/V.
LIT

No comment need. But at the request of others to not start a new thread for every article, what will happen then will be that every so often their will be a new latest News Thread strated. This way for you all that want to hang in the latest thread, just the prior one will be locked and the same title for the newsest one will be Opened. Best I can come up with Gang, to do as Marek has requested too. Cool...

Rice leaves Gulf as Arab allies back Iraq plan Wed Jan 17, 5:12 AM ET



KUWAIT (Reuters) - U.S. Secretary of State Condoleezza Rice wound up her visit to the Gulf on Wednesday after winning support from Arab allies for U.S. plans to deploy 20,000 more troops in an effort to stabilize Iraq.

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Gulf countries, particularly Saudi Arabia, said however that the Shi'ite-led Iraqi government also had to play a role in curbing sectarian violence and that the Shi'ite militias blamed for sectarian killings must be disbanded.

Before leaving Kuwait for Europe, Rice met Kuwaiti Foreign Minister Sheikh Mohammad al-Salem al-Sabah for bilateral talks, Kuwait's official news agency KUNA said.

Sheikh Mohammad was among eight Arab foreign ministers, including the six Gulf Cooperation Council members, who met Rice in Kuwait on Tuesday and backed the U.S. plan, fearing that chaos in Iraq might spread across the region.

But the Gulf Arab countries also fear the new plan could eventually lead to an early departure of U.S. troops, leaving sectarian violence to spill to neighbors like Sunni Muslim Saudi Arabia, which is also home to a Shi'ite minority.

Washington has been urging Saudi Arabia and other Arab countries to play a greater role in stabilizing Iraq.

Saudi Arabia, the world's biggest oil exporter, fears an early U.S. troop withdrawal would solidify Shi'ite power and leave fellow Sunnis at the mercy of Shi'ite militias.

Rice, who earlier visited Egypt, Israel, the Palestinian territories and Jordan was also due in Germany and Britain

Baghdad, Jan 16, (VOI) – Dollar demand declined for the second day running on Tuesday in Iraq’s central bank daily auction, reaching $24.505 million compared to $64.005 million on Monday.
In its daily statement the bank said it covered all bids which were $17.730 million in cash and $6.785 million in foreign transfers at an exchange rate of 1,308 dinars per dollar, two dinars lower than Monday’s rate.
None of the 14 banks that participated in Tuesday’s auction offered to sell dollars.
Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency Voices of Iraq (VOI) the stability in exchange rates during the last week helped boost market activity and dealings at the start of this week.
But the new decline in rates heralded a new retreat in auction activity, he added.
Abaiji expected a big rise in the monthly sales of the central bank during the coming months after approving the Iraqi federal budget in dinars. He said this would make the government buy dinars from the central bank and sell dollars in the daily auction, thus propelling sales to record levels.

Baghdad, Jan 16, (VOI) – The Iraqi parliament on Tuesday discussed in detail the national budget for fiscal year 2007.
The session was presided over by the deputy speaker Khalid al-Atiyah.
Lawmakers in Tuesday’s session discussed allocations within the Iraqi national budget for provincial councils, the now-dissolved security apparatus and other dissolved formations.
Former Iraqi army and security forces personnel have been given a monthly pay over the last three years after these formations had been disbanded after the U.S.-led invasion of Iraq in 2003.
The parliament also discussed allocations for Iraqi ministries of foreign affairs, education and health were also discussed in the session.
The Iraqi parliament failed to convene for almost a month due to lack of quorum causing to turn sessions into consultative.
Lack of quorum was due to the Muslim Hajj season as most lawmakers traveled for Saudi Arabia to perform Hajj and the one-week long holiday of Eid al-Adha (Bairam).