Thread: Iraqi/Dinar news until March 1st, 2007

The official spokesman of the Iraqi government following :

(Voice of Iraq) - 01 - 03-2007
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The Council of Ministers held its 10th regular Elio m Thursday, March 1, 2006 and decided the following :

1. Ratification of the Convention on debt reduction agreements with Na de Paris.
2. Authorize the Minister of Finance to sign the all Alatv Whipple executive of the above, leave with the signing of the three conventions (the reduction and the reorganization of the Iraqi debt) with Switzerland and Germany, The Iraqi debt write with Romania.
Ended

The official spokesman of the Iraqi government following :

(صوت العراق) - 01-03-2007(Voice of Iraq) - 01 - 03-2007
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عقد مجلس الوزراء جلسته العاشرة الاعتيادية اليو م الخميس الموافق 1/3/2006 وقرر مايلي:The Council of Ministers held its 10th regular Elio m Thursday, March 1, 2006 and decided the following :

1.1. المصادقة على اتفاقية تخفيض الديون المبرمة مع نا دي باريس.Ratification of the Convention on debt reduction agreements with Na de Paris.
2.2. تخويل السيد وزير المالية التوقيع على كافة الاتف اقيات التنفيذية للاتفاقية اعلاه، مع اجازة التوقيع على الاتفاقيات الثلاث (تخفيض و اعادة تنظيم الدين العراقي) مع سويسرا والمانيا، وشطب الديون العراقية مع رومانيا.Authorize the Minister of Finance to sign the all Alatv Whipple executive of the above, leave with the signing of the three conventions (the reduction and the reorganization of the Iraqi debt) with Switzerland and Germany, The Iraqi debt write with Romania.
انتهىEnded

Posted at the same time, CHarmed..but good news...

Originally Posted by shotgunsusie

ive been trying to catch up on posts and muddle through the mire.

i havent started looking through my bookmarks yet but i will soon. i hope my posts arent translated so badly by google that no one can understand them. if there is anything that i post you want my opinion on please ask in pm so no one in public is subjected.

I would appreciate any info you come accross yours are one of the few posts I look out for Thanks

Number of banks 12 -----
Auction price selling dinar / US $ 1280 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 63.110.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 63.110.000 -----
Total offers for selling (US $) ----- -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make".


We just missed going over the 6 trillion dinar mark ! Come next Sunday we'll be past it and how far will they go? I haven't had an opportunity to read all the posts and catch up with the news, so here are today's numbers.


1. 0 Dinar rate change today, it was 1280, it is now 1280

2. A (net) worth of dinars, IQD - 80,780,800,000 pulled out of circulation on today. (3/01/07)

3. 12 banks participating today

4. 93rd auction since the beginning of CBI's reval plan

5. 152 days into the CBI's reval plan.

6. 5,992,546,475,000 dinars pulled from circulation !!

7. "0" Dinars back into circulation today

8. 197 dinar change since Oct 1st (baseline was 1477) 13.337% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 2 point reduction in the rate so far this week. Was at 1282 at the end of last week, 1280 so far this week.

10. 0 point drop in the month of Mar. Ended at 1280 in Feb, now stands at 1280.
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

After the approval of the investment law, the need is pressing to create an optimal environment for investment and appropriate capital Hello according to national and foreign national interests. It is a known n Iraq is currently suffering from economic problems

Therefore, the need is to find economic vision of good and studied and derived from economic reality Alaqet Sade Iraqi Perhaps activation of the private sector and encourage only Stthmar domestic and foreign are in the forefront of the solutions economic task taking into consideration the opportunities and Ald manat available in the investment law.

Ira
q possesses the elements of an wholesome to build a sound economy b oil stocks have a third in the world in addition to the KR Dr. water resources and fertile land eligible for the active cultivation to a strong working more than seven full Yen person, as disclosed by the reports of the Ministry of Planning as well as the existence of a large domestic market, In addition to these premises to be retaliated reforms Wade liberate the Iraqi economy, the result of the adoption overdependence on oil and drive towards diversification of funding sources e, In most of these highlights Doralastthmar Dialectic and the creation of a investment for optimal investment of the fruits and effects of Vital Wade at the level of building and construction, job creation and Aegean Dr. additional sources of funding, if we take into account foreign investment, which is an important source of external change Mouelle activities and economic projects and service P j countries to be carried out for two types of investment is a foreign direct Stthmar

This long-term and usually in productive and service sectors of the economy Ksana e, agriculture, tourism, communications, housing and Kah Raba and indirect foreign investment that would normally be in the financial markets "stock" where foreign owned individuals and companies shares and bonds traded in the markets securities. Therefore, the most appropriate of Iraq at the present time is Alastth Mar foreign direct benefits is the source T. Moelia externally projects in the economic and service development policy framework in the country.
http://64.233.179.104/translate_c?hl...language_tools

Raising interest rates to depositors as well as to gather Balsph Qetradin of governmental and non-governmental banks is one of the conditions the International Monetary Fund comes from these conditions within several evil Cat Fund imposed on the Iraqi government after careful n its guarantor

Of Iraq's debt to creditors in return for a commitment appearance e application, in accordance with the conditions specified by the fund was T. Clive IMF monitoring performance Alaghtassa de of the government and to ensure the structural reforms in only Bolivia Iraq.


The changes in the demand for financial assets of the most important but insult behind short-term fluctuations in prices currency exchange rate linked to a large utility is regarding the link between them as follows :

1.
1.
.
Higher interest rates lead to a rise in the price paid for m negotiable other currencies.

2.
2.
.
Low interest rates lead to a drop in the prices paid for Mega but other foreign currencies-convertible.

اي
This
means that the directional relationship between the exchange rate of their currency Oko elsewhere a direct correlation, The strengths and weaknesses referred to is a relative headquarters n strong and weak currencies equivalent to these currency, for example, if we assume that there is a balance in most actors between Iraq and Jordan if the interest rate is high in a in Iraq, and the interest rate is low in Jordan than in the That makes Iraq the funds flowing from Jordan to pw refined, which is a rise in the yield on assets pain Scroll, which makes the capital in the Jordan Ass Oh for the purchase of Iraqi assets, which reflects the increasing demand the Iraqi national currency and increase the supply of a currency for the Jordanians to invest in the Iraqi economy This led to a rise in the rate of the Iraqi currency against Ass currency exchange R. Jordan.

رفع الفائدة له جانبين احدهما سلبي والاخر ايجابي حيث ان رفع سعر الفائدة بمعدل 20% للمودعين من شأنه تشجيع الافراد والشركات على الادخار وهذا يؤدي ال ى امتصاص السيولة من السوق وخفض نسبة التضخم وهذا ا لرأي لايواجه معارضة من قبل الاقتصاديين في السيا سات النقدية والمالية وهذا هو الجانب الايجابي.
Raising interest rates is both negative and positive aspects since raising the interest rate by 20% for the depositors would to encourage individuals and companies to save and this leads the j absorb liquidity from the market and reduce the rate of inflation, such a the view of the opposition Ayoajeh by economist of Mr. Sat monetary, financial and this is the positive side.
اما الجانب السلبي فيه والمتمثل برفع سعر الفائدة الى 23% في الظاهر و27% في الباطن يؤدي الى العزوف ع ن الاقتراض من المصارف الحكومية والاهلية”التجا رية “ من جهة، وانعكاساته باتجاه زيادة تكاليف الانتاج من جهة ث انية.
The negative side of it and raise interest rates the 23% and 27% apparent in the sub lead to refrain p n borrowing from the banks, governmental and private, "refuge Rayya "On the one hand, , as well as its direction of increased costs of production on the w selfish.
This leads investors to reflect on the achievement of Mardord to invest not less than the rate of interest paid by them to gather if the exchange borrowed from the investor finds that a Iraqi the deposit in the banks will have a better hand of Security Yeh instead of investment, especially in the industrial sector, where l constitutes a gross domestic industry from 1% after it was 11%, p what is that the funds obtained from banks. " interest to "be very low risk they have far banks operating, or that the investor in the industrial sector of transformation j commercial sector instead of the investor in pw Malé fact industrial productivity within which it operates , the import of such goods from another country and the cost pw l and greater financial returns and will be reflected on the unemployed p n Action , a total of 30 thousand laboratory and factory stopped about 28 of them P and the rest are operating under capacity , and you can imagine the magnitude of the impact the increase in idle e and thus remains a comprehensive solution to the reform process Alaqet Valley is required to be systematic solutions to address a the economic imbalances and distortions that suffers our economy.
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I didn't think of this but one of my fellow employee's just left my office (he to is in our investment in dinar), and just made a statement......He said he believes something has happened behind closed doors and that is the reason the stock markets took such a big hit a few days ago........and had such a big impact on the world markets,.... has anyone said exactly why the drop was caused.......could there be something to this,........just asking for some opinion's.....

Thanks

if this is in the wrong place please move.........

Originally Posted by lazyasL

I didn't think of this but one of my fellow employee's just left my office (he to is in our investment in dinar), and just made a statement......He said he believes something has happened behind closed doors and that is the reason the stock markets took such a big hit a few days ago........and had such a big impact on the world markets,.... has anyone said exactly why the drop was caused.......could there be something to this,........just asking for some opinion's.....

Thanks

if this is in the wrong place please move.........

Stock market dropped because the Chinese Market dropped overnight. Also, we've had great markets for a number of years so it was also an excuse for profit taking. Think about it - do you think all the major Institutional Investors (those handling 401k's, pension plans with big bucks invested in the market) all knew that there was a reval of NID? Don't think so.

electronic machine glitz nothing more world of computers nobody does paperwork any more dont read too much into this!!! no source ha fast money!