Thread: Iraq/Dinar News. before Febuary 2nd 2006

Originally Posted by Raditz

Snotty, its been an auction, but the dinar didnt drop anything.

The 849 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/ 1/24 so the results were as follows :

Number of banks 11 -----
Auction price selling dinar / US $ 1295 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 65.810.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 65.810.000 -----
Total offers for selling (US $) ----- -----

thanks,Raditz

Cheney: Talk of blunders in Iraq is 'hogwash'
POSTED: 9:58 p.m. EST, January 24, 2007
Story Highlights• NEW: Cheney: Premise of blunders hurting credibility on Iraq is "hogwash"
• NEW: Vice president says question about daughter is "out of line"
• Congressional opposition won't stop plan to increase troops, he says
• Pulling out of Iraq would validate terrorists' strategy, Cheney says

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WASHINGTON (CNN) -- Vice President Dick Cheney on Wednesday dismissed as "hogwash" the suggestion that blunders may have hurt the administration's credibility on Iraq and led members of Congress on both sides of the aisle to question President Bush's plan to send more troops to Baghdad.

In an interview with CNN's Wolf Blitzer, conducted a day after Bush delivered his State of the Union address, Cheney was asked to respond to some Republicans in Congress who "are now seriously questioning your credibility, because of the blunders and the failures."

To that, Cheney answered, "Wolf, Wolf, I simply don't accept the premise of your question. I just think it's hogwash."

Cheney said the administration is committed to moving ahead with its plan to send more troops to Baghdad, even if Congress passes a resolution in opposition. (Read a transcript of the interview PDF)

"It won't stop us," he said. "And it would be, I think, detrimental from the standpoint of the troops."

If U.S. forces were to pull out of Iraq, "we would simply validate the terrorists' strategy that says the Americans will not stay to complete the task ... that we don't have the stomach for the fight. That's the biggest threat."

He added, "The notion that somehow the effort hasn't been worth it, or that we shouldn't go ahead and complete the task, is just dead wrong."

Cheney said the U.S.-led ouster of Saddam Hussein was the right move. (Watch Cheney tell why the war is a success )

"The world is much safer today because of it," Cheney said.

"There have been three national elections in Iraq. There's a democracy established there, a constitution, a new democratically elected government.

"Saddam has been brought to justice and executed, his sons are dead, his government is gone. And the world is better off for it," he said.

Had Hussein been allowed to remain at the helm of Iraq, "he would, at this point, be engaged in a nuclear arms race with [Iranian President Mahmoud] Ahmadinejad, his blood enemy next door in Iran." (Watch Cheney warn against 'walking away' from Iraq )

Still, Cheney acknowledged "ongoing problems" in Iraq, where an insurgency is blamed for dozens of Iraqi deaths per day and there have been more than 3,000 U.S. military fatalities over the course of the nearly four-year-old war.

"There's problems -- ongoing problems. But we have, in fact, accomplished our objectives of getting rid of the old regime, and there is a new regime in place that's been there for less than a year, far too soon for you guys to write them off."

He added, "We still have more work to do to get a handle on the security situation, and the president's put a plan in place to do that." (Watch how the war in Iraq has changed )

Asked to describe the biggest mistake made by U.S. war planners, Cheney said, "I think we underestimated the extent to which 30 years of Saddam's rule had really hammered the population, especially the Shia population, into submissiveness. It's very hard for them to stand up and take responsibility, in part because anybody who's done that in the past have had their heads chopped off."

Asked about criticism from a conservative group about the pregnancy of his daughter Mary, who is in a relationship with a female partner, Cheney expressed irritation with the question.

"I'm delighted I'm about to have a sixth grandchild, Wolf," he said. "And obviously I think the world of both my daughters and all of my grandchildren.

"And I think, frankly, you're out of line with that question."

And the vice president carefully avoided talk about the 2008 presidential race beyond expressing outright opposition to Sen. Hillary Clinton of New York "because she's a Democrat" and saying he and Republican Sen. John McCain of Arizona "agree on many things and disagree on others."

While refusing otherwise to speculate on the 2008 campaign, Cheney said Clinton will not be president, and even if she were to win she wouldn't make a good chief executive.

"I don't agree with her philosophically and from a policy standpoint," the vice president said.

McCain, like Clinton a likely presidential aspirant, said last week that President Bush has "been very badly served by both the vice president and, most of all, [former] Secretary of Defense" Donald Rumsfeld.

But Cheney shrugged off McCain's comments, calling the Arizona senator a "good man."

Cheney defended Rumsfeld for doing a "superb job" in his six years in the Bush administration

Give Iraq war a chance, says Bush
Chidanand Rajghatta
[ 24 Jan, 2007 2144hrs ISTTIMES NEWS NETWORK ]


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WASHINGTON: A politically embattled Bush offered war-weary Americans inviting breaks and reforms in health care, energy, immigration, and education, while refusing to back down on the war in Iraq.

In his annual state of the union address, his first before a Democrat-controlled Congress, Bush proposed reducing dependence on foreign oil, helping 45 million Americans without health insurance, reforming immigration laws — all pet liberal themes — in a bid to win their support amid signs of mutiny in his party.

But on the hot button issue of Iraq, the US president was unrepentant, insisting that the Congress, and by implication the American people, give his new proposals, including injecting additional troops, a chance to work.

"Every one of us wishes this war were over and won. Yet it would not be like us to leave our promises unkept, our friends abandoned, and our own security at risk,"Bush said, adding, "whatever you voted for, you did not vote for failure".

For the first time, Bush went beyond his familiar diatribe against radical Islam to identify both Shia and Sunni extremists as "different faces of the same totalitarian threat".

He referred to Osama bin Laden and Zarqawi, saying "these men are not given to idle words, and they are just one camp in the Islamist radical movement".

Bush then essayed a broadside against Iran many Shia extremists are known to take direction from the regime in Iran, "which is funding and arming terrorists like Hezbollah — a group second only to Al Qaida in the American lives it has taken".

It was quite a combative performance from a beleaguered president and there were the usual rounds of partisan applause.

Bush also made gracious references to the first woman speaker of the House, who was seated behind him, and exchanged warm greetings and handshakes with her.

He was heard and watched intently by several Democratic presidential aspirants for 2008, among them Hillary Clinton, Barack Obama, and Joe Biden.

While the US president said little new about Iraq, his remarks on US energy reforms, flowing from his comment in last year's address about American addiction to oil, was received with considerable interest.

Bush proposed reducing gasoline usage in the United States by 20% in the next 10 years, a target which if met could cut the current import of oil from the middle east by three quarters.

He also proposed increasing the supply of alternative fuels, by setting a mandatory fuels standard to require 35 billion gallons of renewable and alternative fuels in 2017 — nearly five times the current target — and reform fuel economy standards for cars.

"For too long our nation has been dependent on foreign oil. And this dependence leaves us more vulnerable to hostile regimes, and to terrorists — who could cause huge disruptions of oil shipments, and raise the price of oil, and do great harm to our economy,"Bush said in remarks that could apply now to India as well.

But whether the domestic palliatives will ease the increasing anxiety over the war in Iraq will become clear over the next few weeks as the Democrats take charge of the Congress and begin pushing their agenda.

Although Bush invoked the old mantra about terrorists coming to US if they were not met abroad, Americans seem to have decided that Iraq is not the real battleground in the war on terrorism and going there was a terrible mistake.

OK This was at a low of 1232 today (1-24) and now is at 1237 for tomorrow (1-25). Since I have followed this market it has always been 60 pips lower then the CBI auction, now if following this is correct the next auction should either be 1292 or 1297 I opt for the 1292

The banking and business community to show considerable interest in the proposal equality dinar dollar

Finance Minister announced the Iraqi statement Zubaidi, that the ministry and the Central Bank are considering a proposal to lift the value of the Iraqi dinar, and return to normal. And Heymann told the minister to the concerns of the banking and business community, as well as citizens, fear of the Iraqi market due to the pressure of the implications of such a measure might lead to some sort of instability in trade exchanges, in estimating the value of the dinar exchange rate of foreign currencies, including the dollar. He described the High Director of the Bank of Credit Iraqi Fuad bono statement by the Minister of Finance very important, in terms of equality of the dinar dollar, pointing out that it is pleasant to the hearts of Iraqis, who are looking to restore the strength of the Iraqi currency, as it was before the 1990s of the last century, he wondered whether the national economy in its current capable of the transition to equal dinar dollar? Bono, however, has often including the Minister Zubaidi on the support and backing of the World Bank proposed this, and said : The current study data make it wait to give a definitive opinion on the subject.
.The Director of the Bank of High Assyrian International Investment Zuhair Al-Hafiz, Zubaidi minister that the proposal needs to pause and carefully take into account the implications of the security situation on the Iraqi economy, which make it unable to absorb any defects that might affect the business dealings in the absence of a proposal under advisement.
He asked Acting Director of the Bank for International Investment Basra Badi intellectual : Is that the international debt reduction for Iraq and the increase in liquidity resulting from the rise in oil prices, enough to take such a decision, such as? He added What is important in this connection to take into account a study that may result from the decision of equality dinar dollar, the repercussions on the local commercial transactions, and how to avoid any disruption to transfers of traders and banks.

But isn't this OlD or is it another translation of the same articles? Got a freash link to this One Goldraker? Appreciate it if you do. Thanks Ahead.

Yes, I remember reading something similar also last week sometime or the week before. I recall someone making a comment about the name "Bono" asking if it was Bono from the band U2.

Originally Posted by neno

But isn't this OlD or is it another translation of the same articles? Got a freash link to this One Goldraker? Appreciate it if you do. Thanks Ahead.

This had a date of 01/21/2007. It might be one of these recycled articles. Sorry no link.

Originally Posted by neno

But isn't this OlD or is it another translation of the same articles? Got a freash link to this One Goldraker? Appreciate it if you do. Thanks Ahead.

Hi Neno & Goldraker,

I have this exact post stored on my computer and it is dated Tuesday, January 09, 2007.

It is a great article and hopefully they are trying to get it done right now.

Best wishes, Lewscrew

Heres what i found,a little different though!
Sarah

all a person needs to do is read the nes and they would not sell off any of thier dinar..

like theses ones

statement by the Minister of Finance <very important>, in terms of equality of the dinar dollar, pointing out <that it is pleasant to the hearts of Iraqis, who are looking to restore the strength of the Iraqi currency, as it was before the 1990s of the last century, he wondered whether the national economy in its current capable of the transition to equal dinar dollar>? Bono, however, has often including the Minister Zubaidi on the support and backing of the World Bank

Minister of Oil and Governor of the Central Bank we met with the IMF and in one of the meetings, suggested to the the governor's must strengthen the Iraqi dinar and to return dear generous as is the Iraq history and civilization, and at least if not the Iraqi dinar equivalent to about three dollars

For his part, Sinan Shabibi governor of the Iraqi Central Bank monetary policy established by the Central Bank to support the exchange rate of the dinar supports the investment budget was done in collaboration with the Ministry of Finance.
He pointed in his presentation to the policy of the Central Bank today to the House of Representatives to raise the exchange rate is the decision of the bank, to increase the confidence of citizens in Iraqi dinars and increase the acquiring of dinars in addition to making the dinar is a store of value which contributes to the withdrawal of inflation

lift the value of the Iraqi dinar, and return to normal»

restore the strength of the Iraqi currency, as it was before the 1990s

of gold the Iraqi topic the secretariat in Switzerland, whose value amounts to hundreds of billions of dollars, and here like to note the fact that that gold is to cover the the value of the Iraqi currency