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

IF THE PAST IS ANY INDICATION----..------
These jokers will screw around and screw around
until there is no screw around left ....

eventually they will be forced into doing what the rest of the world wants...

They have a 200 year supply of Texas tea,....................
C'mon folks........ get your head outa' your A''
and get 'er done !!!

A workshop organized by the World Bank for the training of administrative cadres in Kurdistan

Sunday, January 28, 2007 9:58 PM
Arbil - (Voices of Iraq)
Today, Sunday, started in the city of Irbil in northern Iraq in the workshop organized by the World Bank to train and improve the capacity of leaders and administrative cadres in Kurdistan.
She said Ms. Monali Chowdhury (Monali Chowdhurie), the representative of the World Bank and competent expert in the public sector, the News Agency (Voices of Iraq) Independent, "The purpose of holding this workshop, which will last five days, is to assist the training of leaders and administrative cadres in the government of the Kurdistan region and to understand their functions and the initial key."
It went on to say, "... Improving the capacity and financial management system based on (pefa), which means the financial responsibility and overhead, as well as the organization of training and workshops for the definition of strategic development and tracking of the most important activities. "
Chowdhury pointed out that the workshop "will benefit access to the document containing the information
Between the government of the Kurdistan region and the donor countries. "
She represented the World Bank saying "the workshop includes a number of seminars and lectures task, and benefit from the officers and employees of the territorial government at different levels, both agents
Ministers and senior staff specialists in the fields of law, management and finance ... Etc.. "
."For his part, Minister of Planning Othman Shwani government of Kurdistan, "Kurdistan is not a member of the World Bank. We will work to be a member. "
His "But Iraq is a member of the International Finance Corporation which was founded in
( 1944) and can benefit from development and the holding of such workshops to benefit officials of the territorial government and affiliates to develop management plans and financial better. "

http://www.google.com/translate?u=http://www.aswataliraq.info/modules.php?op=modload&name=News&file=index&startn um=31&langpair=ar|en&hl=en&ie=UTF8

Cheers!
DayDream

Shahrastani : prices of oil derivatives remain unchanged until the month of April

By Hadi Hadi
Baghdad - (Voices of Iraq)
He explained Dr. Shahrastani in a statement to the News Agency (Voices of Iraq) Independent, "and because of the lifting of government support for oil derivatives in the current Aalasar remain unchanged until the month of April next, which is likely to witness a rise in the prices of those products."
He pointed out that "the reason for the crisis of oil derivatives in Iraq, especially in the gasoline, due to the constant bombardment experienced by the Ministry depots in Yousifiya."
Meanwhile, a media spokesman for the Ministry of Oil Assem Jihad confirmed that the process of raising the prices for oil products on the discussions to be held by Iraq with the International Monetary Fund.
The Jihad told (Voices of Iraq) that "there will be the formation of a delegation comprising the ministers of oil, finance and the Central Bank Governor to hold a round of negotiations with the Fund for the maintenance of the prices of oil derivatives at the current price," but he did not specify the date or venue of the talks.
He added, "remains subject to the results of discussions held by the delegation with the International Monetary Fund," adding that "there is the idea of government support for the lifting of derivatives of this year and of more than $ 2 million per month, and that there was a plan to blend the two rates of exchange (rate imported and domestic) in such a way that the price of a liter of gas from between 400 to 450 dinars per liter."
The price per liter of gasoline up to 350 dinars now.
The struggle for "the survival rate of kerosene as it is now, of 7500 liters per 100 liters with the continued support from the government through the allocation of more than $ 300 million to support this article because of the vital need of citizens pressing him."

http://www.rolclub.com/newreply.php?...ote=1&p=162423

Cheers!
DayDream

"Gloribee sneaking around" neno has gone to bed, time to play, just dont make lots of noise, RV is coming real soon, neno will log on and be puzzeled as no one will be here. We will all be partying!!! Heres to sucsses and real soon. For us and the good folk of Iraq.

Gloribee

Hey cigarman, see you lurking, heard anything new? You seem to be conected, anything concrete to add?

Gloribee

World Central will reduce the inflation in Iraq

A source at the Central Bank of Iraq today, Sunday, that the bank's attempt to reduce the rates of inflation, which amounted to about 70% during the past year because of the high prices of oil derivatives tenfold.
The government was identified in Mozantha last year's inflation rate not to exceed 20-25%.
The consumer price index rise rate 70% due to the increase in prices of oil products and electricity more than 80%. In the event that an exception energy, the index Sitroah between 30 and 35% only.
The increased price of fuel, for example from 50 dinars to 004 dinars after the removal of government subsidy on fuel gradually (the equivalent of less than a dollar at 1300 dinars).
It is noteworthy that the majority of major petroleum products backed government since the former regime.
The stop government support one of the recommendations of the International Monetary Fund, which calls for the application of a program of economic reforms by 2008 before agreeing to cancel 80% of Iraq's debts to creditor nations that are not members of the Paris Club.

2006Faced with this escalation in prices, forcing the Central Bank to increase the interest rate to 20% after it was the beginning of 8% .2006
وسجل اخر تدخل للبنك المركزي في كانون الاول/ديسمبر .2006Scored another intervention by the Central Bank in December .2006
On the other hand, the Central Bank three months ago to increase the exchange rate of the dinar by 20% and thus became dollar equals 1290 dinars after it was 1480 dinars previously.
The government adopted in the year 2007 Balancing exchange rate of 1260 dinars per dollar.
The source confirmed that these actions did not show any results yet. We must wait six months, until June next, to determine whether negative or positive impact on the inflation rate. "
The instability of the political and security situation does not encourage people to save. "
At the same time, local banks refrained from increasing interest rates continued to grant low-interest loans, according to the same source.
Translated version of http://www.alsharqiya.com/display.asp?fname=aboutus%5C2006%5C008.txt&storyti

The next time someone emails Warka. Ask them, when will the IQD be openly exchanged on the foreign markets..............

I think, once this happens the value should skyrocket!!!!!!!!!!!!!

.

The Bush plan is going to work and then the reval.
Not only is this good for us but the Iraqi people will finally get some peace. Amen

Baghdad Plan Update.

Apache attack helicopters are constantly hovering over Baghdad now. Tracking them from my home in this city I can often estimate where the action is taking place.

In many cases these are combat missions, not routine surveillance patrols, and the sounds of the helicopters heavy machineguns can often be heard in the distance; sometimes far away, sometimes coming closer.

If the star in the sky is the Apache, the star on the ground is the Stryker armored vehicle. One can hardly avoid meeting Strykers in Baghdad these days. Everybody here is talking about the astounding presence of this armored castle with its surrounding steel bars. With its huge mass and powerful headlights that can be seen from hundreds of meters away it is pure intimidation.

Today in Baghdad, American troops not only man checkpoints on main streets, but are also running daily patrols through the inner streets in residential blocs. Typically a patrolling unit will choose a number of homes to meet their occupants. It’s more like getting familiar with the locals than searching; the commander of the patrol talks to the head of the household and meets the members of the family. If one of them happens to know English the commander usually ask the translator to stay outside; most Iraqis prefer not to speak before other Iraqis when it comes to security concerns.

During such meetings the American officer introduces himself to the locals and explains to them the nature of his unit’s mission in the neighborhood. This is always followed questions on whether there were terrorists around and on the type of security issues in the area. The meetings sometimes end with taking a photograph with the head of the household; to memorialize the occasion and possibly for the unit’s records.

In our area the sounds of gunfire have hardly stopped the past few days. This morning I heard some explosions nearby, but I couldn’t figure out what was going on. The explosions intensify from time to time depending on the intensity and proximity of clashes. In general, the news reports we get in the city, and the information we hear from friends and relatives, indicate that most of the fighting is going on in Sleikh, Qaqhera, Azamaiya, al-Fadhl and Haifa street.
The fuel shortage is still a big daily concern for Baghdadis. State electricity is available for only a couple of hours a day; sometimes not at all.

It’s becoming very difficult to predict what’s going to happen the next hour. In addition to the dangers of militia or insurgent attacks, you can’t tell when a bridge or a street will be suddenly blocked. At any minute you can find yourself stuck between two groups of Humvees or Strykers, or even in the middle of a military operation standing between you and your destination. That’s when you call home or work to explain the delay, or calm down a worried friend or relative.
Although the major Baghdad plan isn’t officially launched yet, every day we see several joint operations against targets in and around the city. Still, according to the latest leaked reports, it seems as if the major implementations of the plan are going to wait until the beginning of next month,.

The government here says they are waiting for the buildup of participating troops to be completed, but I think it’s more likely that they are waiting for the Ashura ceremonies to end to allow pilgrims to travel between Baghdad and the shrines safely.
The waiting is proving to be more of a burden on the people of Baghdad than the operation itself would be. Patience is fading under the pressure of the increasing numbers of suicide attacks and the civilian deaths they cause. Baghdadis are desperately waiting for the operation to begin because they hope it can reduce the occurrence of these deadly attacks that distribute death equally among civilians.

However, and despite the spike in suicide bombings there’s a good sign. The numbers of unknown bodies that carry signs of torture have decreased significantly over the last two weeks, an official in the health ministry told al-Sabah:

The source told al-Sabah that the number of unknown bodies that are collected by the security forces and brought to the morgue has drastically decreased…the number of bodies in the refrigerators is only 35 now and was as low as 11 on one day. Through daily presence near the morgue Al-Sabah noticed a significant decrease in the number of people searching for missing relatives.
Just so you get the picture — these numbers do not represent daily tolls but the number of bodies that accumulate at the morgue waiting for relatives to identify and receive them.
While officials in the defense ministry wouldn’t talk about specifics they are making statements about the general scope of the Baghdad plan.

The spokesman of the ministry Mohammed al-Askari said, “The army is going to receive new weapons and equipment from the US and South Africa this March and he pointed out that units that received orders to redeploy to Baghdad from other provinces have been replaced by other units from elsewhere but he didn’t elaborate.”
On the other hand the defense minister said in a televised statement that: “The new plan will focus on securing Baghdad and its suburbs, and a security belt will be established around the city…the army will later carry out operations in Diyala, Salah Addin and Anbar to chase down the militants.”

The two statements indicate that operations will not be limited to Baghdad alone but will include other provinces in a number of phases. It also suggests that more troops and weapons will be poured into the battlefield as the operation proceeds.

LEADING STORY

Iraq inflation hits 70 percent in 2006

Iraqi inflation hit an average of 70 percent last year, largely due to soaring fuel prices, a central bank source told AFP Sunday. Read

From the CBI Securities Auction:

Auction CBI
Auction of CBI Bills

Announcement Number:D13

The Central Bank of Iraq issued CBI bills and adopted a mechanism to be applied on CBI bills auctions that will be held periodically, and the results will be announced at [ eleven a.m ] after the closing time of the auction at [ ten a.m ] .

The auction No D13 for Central Bank of Iraq bills based on a uniform price auction for ID 200.020.000.000 par value for the bills concluded on 28-01-07. The total Public bidding is ID 305.000.000.000 and the cut-off yield (the highest yield of a successful bidder) determined by the auction was 21.00%

Hassan H.AL-Haidary

D.G. OF Agreements & Loans



Details (amount in Iraqi dinars)
Notes

Securities Offered
CBI bills

Initial Public Offering
200.020.000.000

Total Public Bidding
305.000.000.000

Uniform or Multiple Price Auction
Uniform

Term of Security
182 Days

Coupon
None

Settlement Date
01-29-07

Maturity Date
07-30-07

Competitive Bidders
3

Winning Bidders
3

Total Valid Competitive Bids
305.000.000.000

Total competitive Bids Awarded
200.020.000.000

Range of Yields of Valid Competitive Bids
[21.00%-25.00%]

Cutoff Yield ( Highest Yield of Successful Bidder )
21.00%

Bids Received as % of Bids Awarded
152.48%

This is 200 billion dollar loan due for repayment in July and paying 21%. Looking at the past auctions, they do this periodically. I just think it odd, considering that they could pay it off with the proceeds from one daily auction the way its been going.

Any of our resident banking experts want to take a crack at this?