Thread: Iraq/Dinar News until 5PM CST May 10,2007

Originally Posted by bultn

1.26 = 0.79 USD/IQD. Some people have wished for 1:1 but I'd be quite happy with 0.79.

I'd take it in a heart beat. I've always believed 1260 was a bogus number just as the magic number 1345 turned out to be. 1260 will come and go and our RV will be over 1:1.

Since the collapse of the United Iraqi state after previous April 9, 2003, features new image of the Iraqi economy did not seem evident, despite the clarity of the overall framework which was installed .. ordered the state economy, driven by totalitarian authority towards political interests, to the uncontrolled market economy not controlled by any officer,
..Through many collapses injuring overall productive sectors, through the stages of degradation experienced by this rentier economy .. ...Have emerged for the ordinary citizen and observer economic phenomena many may not withdraw by constants and economic laws, which called for the adoption of many erratic (mobility commercial and financial mobility, as well as mobility productive) before economic laws and constants over recent years and years that preceded it ...

فهل...Are features new Iraqi economy, after a series of laws and legislation designed to shape the final picture of this economy? Are deals ordinary citizen to accept and clear with new features? A series of questions tried some of the employees in the economic answer ... عدة..Abdul Jalil Al-Saadi (economic researcher) told us : perhaps not seen any economy in the world in twenty years, witnessed by the Iraqi economy from failures and missteps variety, a result of what is caused by damage to the corridors of politics, the different Phases tasted this economy, which has no real infrastructure for being economical unilateral were numerous .. فق ..No experience collapse that occurred in the economies of East Asian countries (Tigers seven) in the mid-1990s of the last century could be similar experience catastrophic collapse of the Iraqi economy, and the Argentine economic crisis that occurred due to the sudden movement of the Argentine economy and non-systematic to a market economy, similar to what passed by the Iraqi economy fluctuations even reached the stage can be written off all its activities to establish a new direction and building the economy continued to global economics .. ..Our economy may not apply vocabulary theory of supply and demand in many stages because of the multiplicity of factors influencing the performance of its economic imbalance, and the multiplicity of factors affecting these make the economic reality (raw) can be made available to the decision-making to chart out the features form a new Iraqi economy moving .. ..Valeria coming from the sale of oil and qualifies it seems, the political decision-maker for the state budget and then move towards shaping (raw material) intended to manufacture the final form of the economy .. ل..The citizen here (consumer), and appear to be part of the process of restructuring .. هذا..This citizen who did not expect that at the stage of the 1980s when the price of the car equal to the price of a pack of cigarettes value in the 1990s, is the same that was happening on the (vial of liquid gas) and at official thousand dinars, the equivalent of two years ago and now it is happening at a formal five thousand dinars, the equivalent of a satisfied, because he lived spiral crises and that commodity purchased twenty thousand dinars, and this applies to the subject of electric power, citizen now is on the verge of the summer season, it is ready to buy power at any price up to the limits of the price at which it buys trend unstable owners generators .. لقد أصبح هذا المواطن جزءاً مهماً من عملية التشكيل الجديد للاقتصاد العراقي...The citizen has become an important part of the new composition of the Iraqi economy ... ..Mr. Abdul Amir Alawi (BA economy), he said to us : some economists called the nomination (adjustment phase) of this period of transition experienced by the Iraqi economy and intended time frame for the Iraqi economy until the early stages of stability, and this stage accompanied by disruptions in many systems and economic transactions, state transition from a state to a market economy and the existence of the productive structure The economic base undergoes major disruptions, and these imbalances and the resulting price the consumer pays, how the case in the absence of infrastructure and productive economic base such as the economic reality in which we live that it will be very difficult for the public, and ordinary citizens will pay a heavy price bread covered in the stage adaptation of this, so I I think that the current drive towards attempts to support poorer classes through a network of social welfare or increase the salaries of junior staff, came to alleviate the burdens of the consequences of these classes this stage, it is natural to find a set of contradictions at the same time, the high value of the dinar against foreign currencies now seems to be contributes to the reduction of the price hike, and the citizen is psychologically ready to bear the expenses of campus services, which were previously subsidized by the State in a time when laws clearly features of the final picture of the Iraqi economy .. !!As Ziad, the owner of an office Dealer, said to us : they say that Iraq's economy, is a so******t and was, for example, each dollar deals go hand, and then permitted to deal in dollars on the streets and sidewalks, sold public sector enterprises, but now say that a market economy, but we have yet to understand the features of this economy, legislation still focus difference (and gas bottles) became five thousand dinars, at the government and 20 thousand dinars on the black market, the dollar fall while prices do not go down, the law of supply and demand determines prices Maad!
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Potential business investors arrive in Iraq

العراقThe arrival of investors to Iraq



.Irbil, Iraq arrived here today more than 12 Mestthmuraemal by direct flights from Vienna to look closely at the many opportunities available to the work site.

قام.The Minister of Finance and Kurdish Deputy Undersecretary of Defense for the transfer of business and director of the tasks to support the business and established operations in Iraq and Mr. Powell Bernclai hold a joint press conference in Arbil International Airport upon the arrival of the executive directors.

.Businessmen will spend a week of international roaming which in north Iraq to develop working relationships and meet with managers of factories.

http://64.233.179.104/translate_c?hl.../thl0508b.html

اليThe dinar will continue to rise against the dollar in the Central Bank
.Baghdad / Nina / rose dinar rate of exchange against the dollar in an auction today, Tuesday, the Central Bank. لواحThe sale price is 1264 dinars to the dollar after yesterday 1265 dinars to the dollar PLATE

OH OH where is the rest of this story? LOL

http://64.233.179.104/translate_c?hl.../thl0508b.html

Originally Posted by Hkp

Brownback pushes plan to divide Iraq into Sunni, Shiite, Kurdish states
By Rob Hotakainen
08 May 2007 (The Seattle Times)

Sen. Sam Brownback says there's only one sure way to bring peace to Iraq: Divide the country into three states and separate the warring factions.
With Congress and the White House at loggerheads over a proposed timetable to end the war, the Kansas Republican is part of an unlikely Senate duo that's promoting the plan to partition Iraq.
Brownback and Democratic Sen. Joseph Biden of Delaware, both candidates for president in 2008, say it would give breathing room for Sunni Muslim Arab, Shiite Muslim and Kurdish leaders.
"I do not agree with setting a timetable for pulling out of Iraq," Brownback, a Senate Foreign Relations Committee member, said in an interview. "The day we pass that is the day al-Qaida declares victory. ... This three-state, one-country solution is your only viable political solution."
At the first nationally TV debate for 2008 Republican presidential candidates Thursday night, Brownback touted the plan when asked whether he'd differ from President Bush on the Iraq war. Some analysts say it could be a risky move for Brownback, who might lose favor with conservatives by bucking the president.
The Bush administration, which is aiming to unite Iraq under one strong federal government, dismisses the plan. But it's winning attention on Capitol Hill because it's coming from two senators at opposite ends of the political spectrum, both with serious foreign-policy credentials.
Biden, chairman of the Foreign Relations Committee, said the plan would allow the three states to make decisions involving "their local police, their education, their religion and marriage - the very things they're fighting over."
He said the Iraqi federal government would handle common interests such as securing the borders and distributing oil revenues.
Critics say political solutions can't be imposed on Iraq. "It's awfully hard for us, and frankly maybe slightly arrogant of us, to try to decide what politically will work for that country," said Sen. Claire McCaskill, D-Mo.
Congress had to return to the drawing board last week after Bush vetoed a war-spending bill that would have forced him to begin withdrawing troops by Oct. 1.
Brownback said the stalemate gave Democrats and Republicans a chance to come together.
Peter Galbraith, a former U.S. ambassador to Croatia who's advised the Kurds, backs the plan. He said most Iraqis don't want civil war but have rejected the idea of a unified Iraq.
He said Iraq's new constitution would allow the country's three main groups to establish their own regions, each with its own government, army and control over oil resources.
Secretary of State Condoleezza Rice, asked about the partitioning plan recently, noted that Iraqis aren't advocating such a structure.
"I don't think it is practical, particularly along ethno-sectarian lines, to divide Iraq up and give authority based on your sectarian identification, to say there's a Shia part of the country, a Sunni part of the country, a Kurdish part of the country," Rice told RealClear Politics. "Baghdad is a completely mixed city. What becomes of Baghdad? ... If you try to do this, I think you're going to have an explosion."

Brownback pushes plan to divide Iraq into Sunni, Shiite, Kurdish states | Iraq Updates

This is a ridiculous solution. Only days ago the Iraqi foreign minister said Iraq cannot be Balkanized. These Senators like Biden and Brownback are more political hacks than anything else. Both of them want to sell snake oil to the public because the media has been infecting them with the sewage they call reporting the news.

Condi is right and if there is anything we have learned in recent days it's that Condi understands the nuts and bolts of this situation where as the other two are just plain nuts.

They not only want to micromanage the war from the Congressional Ivory towers, now they want to impose a separatist agenda on the people as well. So much for their view on democracy eh?

Iraq-Currency
Demand for dollar slightly lower, exchange rate down in daily auction
By Dergham Mohamed Ali
Baghdad, May 8, (VOI) – Demand for the dollar was slightly lower in the Iraqi Central Bank’s daily auction on Tuesday, reaching $87.865 million compared with $89.140 million on Monday, while the dollar exchange rate went down.
In its daily statement the bank said it had covered all bids, which included $16.945 million in cash and $70.920 million in foreign transfers, at an exchange rate of 1,264 dinars per dollar, one tick lower than yesterday.
None of the 18 banks that participated in Monday's auction offered to sell dollars.
Abdul-Razzaq al-Abaiji, an economist, told VOI "the one-tick-decline in the exchange rate has encouraged traders to make bids for the dollar as it has become a new policy by the Central Bank to absorb local liquidity in an attempt to bring down inflation."The Iraqi Central Bank runs a daily auction from Sunday to Thursday.
Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by Raditz

Interesting,

a few months back many of us thought that 1260 was just a rate that was set to have something to build there budget on, and would have nothing to do with a RV. But i must admit that it feels like 1260 could be that "magical" number we are waiting for.

And come to think of it, if the budget is based on "1260" moving the decimal 3 steps would make it very easy for them to adjust the budget.

I think, hope and pray that this will soon be over and we will all be smiling on our way to the bank.

As I recall, much like the 1345 rate that was slated to end '06 was blown by. This 1260 idea was thought to be in place by the end of March. If 1260 is not a leap point then I believe they will just waltz past it. frankly i'd like to see them "Mosh pit" the rate to death instead.

Originally Posted by wciappetta

This is a ridiculous solution. Only days ago the Iraqi foreign minister said Iraq cannot be Balkanized. These Senators like Biden and Brownback are more political hacks than anything else. Both of them want to sell snake oil to the public because the media has been infecting them with the sewage they call reporting the news.

Condi is right and if there is anything we have learned in recent days it's that Condi understands the nuts and bolts of this situation where as the other two are just plain nuts.

They not only want to micromanage the war from the Congressional Ivory towers, now they want to impose a separatist agenda on the people as well. So much for their view on democracy eh?

brownback cant manage kansas let alone iraq.

Originally Posted by wciappetta

As I recall, much like the 1345 rate that was slated to end '06 was blown by. This 1260 idea was thought to be in place by the end of March. If 1260 is not a leap point then I believe they will just waltz past it. frankly i'd like to see them "Mosh pit" the rate to death instead.

President Talabani stressed the activation steps to implement the political program of the Iraqi government

21:30 07 / 05 / 2007 21:30 07 / 05 / 2007

PUKmedia :PUKmedia :

President Talabani met this afternoon today, Monday, headquartered in private capital Baghdad, Dr. Nuri Kamal al-Maliki Iraqi prime minister. In a meeting between the two sides here Maliki President Talabani on the success of two Sharm el-Sheikh. For his part, al-Maliki was light on the outcome of the Sharm el-Sheikh and his visit to Kuwait and a number of other states.

This, during the meeting the two sides exchanged views on a number of issues and recent political, security and economic. President Talabani renewed emphasis on the need to strengthen relations between the components participate in the government and parliament for the development of the Iraqi reconstruction process and preserving the achievements. As President Talabani renewed emphasis on the activation steps to implement the political program of the Iraqi government.



This met with President Talabani on the same day, Spick hard Deputy American Ambassador in Iraq, and discussed with him the situation and the developments in Iraq, as they discussed the upcoming visit of Vice President Dick Jenny to the region.

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