Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by danny51

I totally agree as week after week the illiterate, corrupt and lazy Iraqi leadership gets jack squat done. It never ends with these people.

you might wanna do some research on alternative adjectives in rogets thesaurus as opposed to the broken record diatribe.

I don't know about anyone else, but after seeing what all these different countries are rv'ing their currency at, $3.22 does not seem that farfetched. Not to me anyway. Anyone else? Now, I don't expect it to because I don't know diddly as compared to some/most of you on here, but I can hope as well as anyone.

Originally Posted by fredgwest1999

BAGHDAD -

America's top diplomat in Iraq urged Prime Minister Nouri al-Maliki's government to speed up reforms geared toward achieving national reconciliation, saying it was its duty to do so soon.

Ambassador Ryan Crocker listed the adoption of a draft law for the equitable distribution of oil wealth, another to integrate members of Saddam Hussein's Baath Party in government departments, amending the constitution to satisfy Sunni Arab demands, and holding local elections as measures that the government had a "responsibility to tackle in the coming weeks."

"These are tasks that must be completed, and completed soon, to achieve national reconciliation," he said in an Arabic-language statement marking the first anniversary of al-Maliki's Shiite-dominated government.

"The first anniversary of a democratic government in Iraq is a victory for the people of Iraq. They've chosen their leaders and now it is the right of every citizen in a democratic society to expect measures and decisions from their elected representatives to serve the interests of Iraqis."

Crocker's statement provided the latest evidence that Washington had al-Maliki's government on notice that it must meet several policy benchmarks to secure continued U.S. support at a time when the Bush administration was under congressional pressure over its Iraq policies.

"The transition of any nation to a democratic system is considered a complex process ... It is easy to focus on the problems and challenges. Easy but wrong," said Crocker, who took over his job in March.

U.S. envoy urges speeded reforms in Iraq - Yahoo! News


AND STILL NO MOVEMENT BY THE GOVERNMENT TO SIMPLY BRING THESE ISSUES TO A VOTE...THEY BRAGGED THEY HAVE THE VOTES...

VERY INTERESTING NO INCLUSION OF THE KURD'S NEED FOR PASSAGE OF AMMENDMENTS 140/142...MAYBE, all the articles this morning are correct in that that Kurds have backed down from their benchmark and that they will support HCL...but time grows very short to get in place these triggers for the RV before 1 June 2007 (Stock Market opens).

Of the three important issues stated the only one that the Iraqi's have met was the last one on local elections - as if you remember the news from a week or so ago; the Parliament set up and then announced the names of the Board that will oversee setting up local elections...they were/are to report back to the Parliament with a plan and a date for local elections this fall...

THE STOCK MARKET IS PRESENTLY OPEN, NOT TO FOREIGN INVESTORS YET, ARTICLE INDICATES BEGINNING OF JUNE WHICH IS NOT THE 1ST AS THAT DATE FALLS ON A HOLY DAY AND NO ONE IS TRADING WITH THE ISX THAT DAY. I BELIEVE THE FIRST DATE THEY WOULD FEASIBLY TRADE AND COULD OPEN TO FOREIGN INVESTORS IS THE 4TH. SOME REPORTS HAVE EVEN INDICATED THE MIDDLE OF THE MONTH BEFORE THEY OPEN TO THE FOREIGN CONTINGENCY.

Originally Posted by whatever

Probably a dumb question here, but what the heck: If the ISX opens and the rate is still the current one, is there any other conceivable way that stocks/companies would avoid being bought for less than pennies on the dollar? Thanks everyone!

Foreigners can buy up to 49 percent of stock of any one Company and no more.

There are any number of things that can be done to the ISX to stop it being bought out for pennies here are just a couple : The stocks may well be reverse split or ratioed down. A thousand block of shares may represent 1 share.

Iraqi Companies who will release shares and those who have already also hold a large amount back and may well do for sometime to come.

As regards it opening up to foreigners - I read elsewhere - I don't have a link - it was a couple of weeks ago - that it may open for a fortnight with the new 10 sessions a week before they let the foreigners in - sometime in mid June. Although I cannot confirm that.

Originally Posted by Hkp

Saudi newspapers highlight projection of $ 140 billion debt

(صوت العراق) - 23-05-2007

(Voice of Iraq) - 23-05-2007

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Saudi newspapers highlight projection of $ 140 billion of the debt of Iraq and the arrest of the Iraqis planned to assassinate Muqtada Al-Sadr

Riyadh-Iraq votes

Saudi newspapers highlighted Wednesday, declaring Finance Minister topple Iraqi 140 billion dollars of Iraq's debt, and the report speaks for throwing Tehran arrested Iraqis planned to assassinate the young leader Muqtada al-Sadr. With focused newspaper that a delegation from the Sunni Arab tribes in Anbar province visited Sadr City to push forward the national reconciliation.

Regarding Iraq's debt, said the newspaper (city), which is issued in Jeddah that the statement Jabr Zubaidi, the Minister of Finance announced yesterday, dropping 140 billion dollars of debt incurred by Iraq, through an agreement signed between the Iraqi government and the International Monetary Fund, which promised to help Iraq reduce the ratio of debt repaid from 100% to 20%.

Zubaidi was quoted as saying that he had been shot down Iraq's debt of 45 state rates ranging Between 100% and 80%.

On the other hand, she said the same newspaper under the title "Tehran arrests the Iraqis planned to assassinate Moqtada Sadr," The Iranian authorities have arrested a group of Iraqis who were trying to assassinate young Shiite leader Muqtada al-Sadr, who is believed to be living in Iran for nearly two months.

The newspaper, quoting "Tirch Times" Turkish "Three Iraqis arrived in Tehran on a mission to kill Sadr; They fell, however, the Iranian authorities have accused the group implementing American scheme against young Shiite leader. "

And on national reconciliation, said the newspaper (the island), which is issued in Riyadh said that the leaders of the "reawakening of Anbar", a coalition of clans Sunni Arabs visited the Shiite Sadr City, yesterday, Tuesday,, to push forward the national reconciliation.

It quoted Sheikh Hamid Alhays President of the Save Anbar, the armed wing of the reawakening of Anbar, "the visit to the sternum trend is a move to bring viewpoints between the Shiites and Sunnis in the war-torn country of sectarianism."

At the time, newspaper (the island), which is issued in Riyadh on local official that the Iraqi Baath Party dissolved revealed yesterday that he began to recover under the name of his party (return) in the town of Baquba, the capital of Diyala.

It quoted Awad Al-Rubaie board member rescue Ba'kouba that "some of the leaders of the organization embarked on the formation of new political party named return, and a number of meetings and a campaign to promote a Baath Party in the city twice before and complacency of local administration and its imposition of the law."

In Ttagherber entitled "Hashemi :" The government promised to implement the demands Accord Front .. and Bloc coalition denies putting preconditions for the achievement of national reconciliation "newspaper said (home), which is issued in Asir that the Iraqi Vice President and Secretary General of the Islamic Party, Tariq Al-Hashmi confirmed the presence of international desire to make amendments to the Constitution, pointing out that hint Accord Front to withdraw from the government came under pressure to implement previous agreements before the formation of the government of Nuri al-Maliki.

He Hashemi told the newspaper the hope obtaining consensus among political leaders and heads of parliamentary groups to resolve differences on the issues that the Commission has failed constitutional amendments to find suitable solutions in the next few days. The newspaper, on the other, that the United Alliance bloc denied putting preconditions in negotiating with parties interested in participating in the political process in the framework of national reconciliation.

It quoted Deputy Ziauddin hospitality uncle, the United Iraqi Alliance had been opened channels of communication with Baathists and other forces, excluding them from Baltkeverien dialogue.

"

It continued acts of violence in Saudi newspapers and published under the title of "American forces liberated 12 Kidnapped and kills 9 rebels" .. The killing of 28 Iraqis in Baghdad .. and British troops in Basra" .. And in relation to the security of Israels (homeland) that the media spokesman for the Police Directorate of Karbala built-Rahman revealed Adoption digging a trench west of the city so as to prevent the infiltration of armed men from al-Anbar governorate to Karbala.

Moshari quoted as saying that "trench dug North juvenile appointed switch for security reasons that the region along with the open desert province of Anbar."

And on the three American soldiers abducted in Iraq since the Saturday before last, the newspaper said that the (city) General David Petrios commander of the American forces in Iraq disclosed yesterday in the knowledge that the identity of the abducted, "We know who is the (hijacker), that it is linked to Al-Qaida, He added that at least two of the three soldiers, still alive. "

Pay attention to the majority of Saudi newspapers difference between Democrats and the White House said that the Democrats now appeared ready to abandon their insistence on the inclusion of a timetable for withdrawing its forces from Iraq in a step that might lead to resolving the confrontation with President George Bush in this regard.

The democratic leaders in the Congress are working with assistants Bush is putting the finishing touches on the final text that Sersalouna this week to meet with the President after weeks on continued strategy to continue the war in Iraq.

Congress sources said that the text would probably entail the deadline for the withdrawal of troops, and that the text which finances the war until the end of September Bush will submit reports on the progress of the Iraqi government at both the security and political.

Newspapers said that Bush reiterated his confidence in Iraqi Prime Minister Nuri al-Maliki amid frustration from the possibility of progress in Iraq. It quoted a spokesman Tony Fratto American presidency that Bush contacted Palmaliki yesterday to mark the first anniversary of the assumption of the presidency of the government and affirmed its support for him.

ش ع - م ع

U p-m p

Translated version of http://www.sotaliraq.com/

goodie and damn all in the same article!!! :rofl:

Originally Posted by shotgunsusie

as rr said they are working round the clock to get this done. dont be ready to throw the baby out with the bathwater with some of these translations.

and again, as i said, the article indiated BEGINNING OF JUNE WITH NO SPECIFIC DATE MENTIONED. the 1st is a holy day dont look for international trading on the isx that day.

With so much news of mixed sorts coming at ya, it is so good to read posts like this one. I am still on board and waiting for this train to pull into the station but sometimes, my legs/knees/back gets tired from the long ride. Word....it lifts my spirit when encouraging remarks are stated. RR and Sgs, I can hum a happy tune today.

Originally Posted by Ranger III

Last September, Susie reported rumors that indicated a revaluation to .98
of the euro was imminent. Those rumors were later corroborated by other
sources.

In retrospect think how much stronger our position is now than it was then.
Since September:

a. The FIL has been enacted and passed unanimously by Parliament;

b. The International Compact was finished earlier this month;

c. Approximately 10,600,000,000,000 in dinars have been taken out of
circulation;

d. Approximately $140,000,000,000 in debt has reportedly been forgiven;

e. The HCL has been enacted and is poised to be passed by Parliament
any day now;

f. The ISX is about to go electronic in early June and to quintuple its
trading sessions per week;

g. Anbar Province has largely been pacified and Al Qaeda is now dislodged
and clearly on the run there;

h. There was a traffic jam in the Mansour District of Baghdad a couple
weeks ago - owing to an overthrow crowd at an amusement park there;

i. The Democrats have been defeated in their attempt to have us
surrender;

j. A Norweigian oil company is going to start pumping oil in the Kurdish
region of Iraq in June (next month);

k. A $3,000,000,000 airport is planned for Karbala;

l. Currency support for the dinar has risen from approximately $11 billion
to $21 billion, which does not count Iraq's gold backup in Switzerland;

m. Saddam Hussein was executed and is not coming back;

n. A budget was passed and finalized for 2007;

o. Shabibi has the exchange rate down to 1259; and

p. Iraq is about to be admitted into the WTO.

My bottom-line point is that if .98 of the euro was possible in September, 2006, in light of the above progress it surely is possible, and I would say probable, now.

yeap. this needs to be a sticky to point nellies toward.

Originally Posted by Mike5200

India to seek oilfields from Iraq



User Rating: / 0 Wednesday, 23 May 2007


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New Delhi, May 23: India will seek oilfields from Iraq in lieu of helping the war-ravaged nation rebuild its refineries when Iraq's Oil Minister Hussein Al-Shahristani visits India this week.
"Al-Shahristani is coming on a four-day visit. We have a joint working group (JWG) meeting on Friday where host of bilateral issues will be discussed," Petroleum Minister Murli Deora said.

New Delhi is keen on starting work on onshore block 8, that was awarded to ONGC Videsh ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), by the deposed Saddam Hussein regime.

It also wants the US-back government in Iraq to honour award of Tuba oilfield to a consortium of OVL, Reliance Industries and Sonatrach of Algeria.

The consortium had been short listed by the Saddam Hussein regime before US invasion of Iraq.

"They want our help in building refineries," Deora said. "When I met Al-Shahristani in Riyadh earlier this month, he wanted Indian companies to build a 8-10 million tonne refinery (in the war-torn country)."

Iraq has proved oil reserves of 112 billion barrels, second only to world's largest oil nation Saudi Arabia. Although Iraq has a capacity to process 630,000 barrels of crude a day, it currently produces 477,000 barrels of refined products a day while consumption is 544,000 barrels a day.

"Oil fields, refineries and other energy projects will be discussed during the meeting," he said.

Indian Oil Corp (IOC) and Engineers India Ltd can also be involved in revamping Iraq's old refineries and building pipelines.

Iraq is expected to enact an oil law by may-end that would allow its various regions to negotiate oilfield contracts with foreign investors.

Iraq has eight refineries, none of which were damaged during the US-led invasion in 2003 but they are operating at only 50-75 per cent of capacity.

-Agencies

apparently we are still on, at latest printing, for the hcl passage this month.

The House of Representatives will discuss and vote on the laws included in the

(صوت العراق) - 23-05-2007

(Voice of Iraq) - 23-05-2007

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The House of Representatives will discuss and vote on the laws included in the agenda

Baghdad-Iraq votes

Adel luxurious

A media source said in the House that the Council discussed and voted at its meeting Wednesday, the number of laws included in the agenda.

The source, who refused to reveal his name, the Independent News Agency (Voices of Iraq), Wednesday, the Council discussed the report of the Commission on amendments to the Constitution and voted on a draft tax law reconstructing Iraq .. As well as voting on the proposed abolition of the Revolution Command Council Decision No. 91 of the dissolved in 1977 and vote on the bill Fifth Amendment to the Execution Law No. (45) of 1980.

He explained, "also included today's meeting, chaired by Dr. Mahmoud Almchidani President of the Council, the vote on the bill first amendment to the Law of discipline state employees and the private so******t vote on the draft bill to amend the Civil Service Act No. 24 of 1960 .. as well as voting on a bill to amend the Code of Criminal Procedure No. 23 of 1969.

The source pointed out that it was the first reading of the proposed bill on the cancellation of the Revolution Command Council resolution No. 1019, disbanded in 1979 and the second reading of the draft Code of military trials and proposed Act to amend the Supreme Iraqi Criminal Court No. 10 of 2005.

RB

Translated version of http://www.sotaliraq.com/

Originally Posted by ronbo

I don't know about anyone else, but after seeing what all these different countries are rv'ing their currency at, $3.22 does not seem that farfetched. Not to me anyway. Anyone else? Now, I don't expect it to because I don't know diddly as compared to some/most of you on here, but I can hope as well as anyone.

now can you comprehende why a nickel is so hilariously far fetched??