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

Further....the USD/EUR exchange rate has started to back up slightly in the past few days....the IQD has stopped moving.....

I like the sound of THAT!

Originally Posted by lewscrew

He criticized al-Jabouri, the budget submitted by the Iraqi government for 2007, said bloc, the Iraqi Accord that I a set of remarks on the budget, as it is in the basis, not the budget development or investment, but consumer, the amount allotted to it is a very substantial sum of $ 41 billion on the grounds that the exchange rate of $ 1260 dinars, and this amount can be increased

LEADING STORY

Iraqi national oil company tells Turkish firms: contact the north

The Iraqi National Oil Company (SOMO) has sent statements to Turkish companies exporting oil products to neighboring Iraq, suggesting that they contact officials in northern Iraq if they want to continue to do business with the Iraqi company. Read

Iraq PM, British defence chief discuss Basra security
(AFP)

29 January 2007



BAGHDAD - Iraqi Prime Minister Nuri Al Maliki and visiting British Defence Secretary Des Browne held talks Monday on the transfer of security of the southern province of Basra to Iraqi forces.


Browne, who arrived in Baghdad unannounced on his fourth visit to the war-torn country, was also briefed by Maliki on his plans to crack down on militias seen as the biggest threat to Iraq’s security, Maliki’s office said.

‘During the meeting, the transfer of security in Basra was discussed and the role the British troops could play in the future,’ it said in a statement.

Britain has around 7,200 troops deployed in the south, mainly in Basra, the second largest contingent of foreign forces after the United States.

London has said that it hopes to withdraw thousands of troops in 2007, a step in contrast to the United States which plans to send 21,500 more soldiers to rein in the violence in Iraq.

Baghdad has become the epicentre of sectarian conflict with rival militas from both the Shia and Sunni communities killing dozens of civilians daily.

‘There will be no place for militias anymore,’ Maliki was quoted as saying in the statement.

‘If stabilty in Baghdad is achieved we would be able to realise security and stability in other regions also.’

Moqtada warms up to Sunnis
By Ali Khalil
30 January 2007 (Azzaman)

The radical Shiite leader Moqtada al-Sadr is reported to be working for reconciliation but it is not clear yet whether he will dismantle his formidable militia known as Mahdi Army.

Sadr’s senior aides say the clergyman has accepted the joint U.S.-Iraqi move to contain violence in Baghdad and has offered his assistance.

Initially, reports spoke of U.S. inclination to take on his militias in Baghdad. U.S. troops are said to have already arrested hundreds of his armed men including some senior militia leaders.

Sadr has dispatched one of his most senior aides, Bahaa al-Araji, who is also a member of parliament, to meet with officials from the Iraqi Islamic Party, a major Sunni political faction.

In the meeting, in the presence of President Jalal Talabani, the sides have agreed to put an end to sectarian killings and form joint committees to administer mixed quarters in Baghdad and work for the return of displaced people from both sects.

Another aide, speaking on condition of anonymity, said Sadr has instructed his followers in Baghdad and elsewhere to cooperate with the Muslim Scholars Commission, an umbrella group of top-ranking Sunni clerics.

The commission and Sadr have been at loggerheads, each accusing the other of violence and terrorist acts.

Araji, in a statement issued following his meeting with Talabani and his deputy Tareq Hashemi, leader of the Islamic Party, described the plan to secure Baghdad as “a welcome step.”

“If all goes well and our proposals are taken into account, the campaign to secure Baghdad will constitute a historic move which will undoubtedly lead to improvement in security conditions,” the statement said.

The statement said the Sadr movement has agreed with Sunni Islamic Party on steps to “protect innocent civilians as the military campaign to flush the city of armed groups is about to start.

Both Talabani and Hashemi were reported to have encouraged Sadr’s movement to effectively contribute to normalize conditions in the country and halt the current cycle of violence.

Araji, the Sadr representative, declined questions whether the group would disarm its militias which are accused of carrying out many violent operations in Baghdad, a charge the group denies.
Moqtada warms up to Sunnis | Iraq Updates

No.(852)

D.G. of Foreign Exchange Control

The 852 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 1/29 so the results were as follows :

Details Notes
Number of banks 15 -----
Auction price selling dinar / US $ 1292 -----
Auction price buying dinar / US $ 1290 -----
Amount sold at auction price (US $) 97.420.000 -----
Amount purchased at Auction price (US $) 3.000.000
Total offers for buying (US $) 97.420.000 -----
Total offers for selling (US $) 3.000.000 -----

Thanks PA, but I think that is yesterday's auction. None posted yet. Kind of odd this late.

3. The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Monday, January 29, 2007 until the end of office hours on Wednesday, which falls on January 31, 2007 and pledged to meet the demand for foreign currency without limit and regardless of the quantities required and all clients

Originally Posted by adm

3. The Iraqi Central Bank announced the adoption of buying and selling rates for the dollar on Monday, January 29, 2007 until the end of office hours on Wednesday, which falls on January 31, 2007 and pledged to meet the demand for foreign currency without limit and regardless of the quantities required and all clients

They still post the results, just the rate stays the same if that's what they are saying (as they've done before).

Baghdad-Sabah
Dr. Hussein Shahrastani Oil Minister completion of the final draft of the oil and put it on the Energy Commission and the Council of Ministers, which received the unanimous approval of the draft by the Committee with certain modifications that have taken place and this draft will be presented to the Cabinet for approval to be sent to the House of Representatives for the passage of legislation after debate it

ن.The minister said : that the law affirms that the resources derived from oil sales will go to fund one centralized and distributed to all Iraqis in the provinces, prefectures and the proportion of the population. The law will restore activity to the National Oil Company, which will be responsible for the development of the fields to increase production and exports and will be the oil industry, however, the basic competencies Iraqi keen to provide expertise for the people. He added : Since enjoyed by Iraq of the potential oil and gas major will be allowed law by offering contracts to oil companies large global after it had been verified Rassantha and accept competition for the development of some fields to the highest payoff for the Iraqis and competition will be open for all and will not consider the nationality of the company and must be companies qualified technology to develop our fields, as soon as possible and have the financial capabilities to invest and verify Iraq's highest economic benefit and we do not have standards for the States involved in the war or existed in Iraq at the time. As for the fields will be produced from the share of the National Oil Company.
.He explained Dr. Shahrastani, foundations proved that the law and the development of policies and plans to develop the oil-balanced in all parts of Iraq and now all parties agree, everyone believes that this law a major achievement and a national project that do not now exist differences on the law and not from our brothers in Kurdistan or the other.
.The minister pointed out that the law laying down precise and clear of any contract does not achieve the highest benefit of Iraq will not take place and that all contracts entered whether in time of the former regime or in the Kurdistan region will be reviewed in the light of this law and if there was grounds to make adjustments in order to ensure higher returns will be audited and to amend the contracts and there is no contracts are not subject to revision.
وب.And between Shahrastani that extensive discussions of the law settled on the composition of the federal oil and gas under the chairmanship of the Prime Minister or on behalf of the membership of the Ministers of oil, finance and planning, and others who will exercise the powers of contracts is the authority that decides policies, plans and oil contracts assessed and the nature of the fields that will be offered to compete and to consider the contract and approval.