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

Originally Posted by rvalreadydang

this one is similar
Expected qualitative leap for the shares after the adoption of the Iraqi circulation

(7(Voice of Iraq) - 11-05-2007


quantum leap to the Iraqi shares after the adoption of electronic trading on the Stock Exchange
- 11/05/07//BAGHDAD - Adel Mahdi life-11 / 05 / 07 / /

.Investors on the Stock Exchange is expected to deposit the Iraqi «Iraq market for securities» during the coming period a circulation count adopted since it was established nearly 15 years after the arrival of equipment, hardware and electronic systems, which contracted with the company around «or mother VX» Swedish specialized, that had already undertaken similar projects in more than thirty Arab and international bourse.


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

Oh my, this is a HUGE deal...

Originally Posted by ordinaryseawoman

Oh my, this is a HUGE deal...

Welcome Back Tracy and I think we are on our way!

T

Iraq imports wheat and receive Ors

.Baghdad May 10 May Reuters /-A high ranking Iraqi Trade Ministry today, Thursday, that Iraq received 50 thousand tons of American wheat, 29 thousand tons out of 150 thousand tons of rice contracted by the Thai before.
.The source told Reuters that Iraq is also expected to obtain another 150 thousand tons of American wheat and the Canadian later in May and that 32 thousand tons of Thai rice on the way to Iraq and will arrive soon.
.The source declined to reveal price details.
.He said ships on the way has bought larger quantities, but we can not advertised to move the ships transporting them.
.But everyone knows that we will need about 340 thousand tons of wheat per month. The source said that Iraq had bought 1 million tons of American wheat and 400 thousand tons of Canadian wheat in January between January and March of March.
."We always say in our presentations we deal with both companies, but so far we have better offers from the Americans and Canadians.
اليHe added that Iraq is still hoping to buy Australian wheat



Translated version of http://www.alsharqiya.com/display.asp?fname=aboutus%5C2006%5C008.txt&storyti

Senior Iraqi Kurdish officials will travel to Baghdad next week hoping to end an impasse with the central government over a draft oil law to share revenues from the world's third-largest oil reserves.

Shi'ite Prime Minister Nuri al-Maliki, under pressure to push through key legislation Washington says is vital to healing sectarian divisions among Iraq's sects and ethnic groups, told an international economic conference on Iraq last week that the bill had been submitted to parliament for approval.

Oil Minister Hussain al-Shahristani, also speaking ahead of the meeting in Egypt in which industrialised powers pressed reforms in Iraq in exchange for aid, told reporters in Saudi Arabia last week that Kurds were "very happy" with the draft law and that all the groups had agreed to pass it by the end of May.

But an oil industry source told Reuters on Thursday the bill was in a state body charged with drafting legislation, and that Kurds still had misgivings over annexes they say would wrest oilfields from regions and place them under a new state-oil firm.

Iraq's Kurdish Prime Minister Nejruvan Barzani said he will lead a high-level delegation of Kurdish officials to discuss the annexes with the central government next week.

"Next week, new negotiations will start over the appendixes to the oil law and the revenue distribution law. I will participate in a large part of these negotiations," Barzani told reporters in the northern city of Arbil late on Wednesday.

"The Kurds had a big role in writing the draft of the suggested oil law. I am optimistic in resolving the disputes."

An oil law is vital to securing foreign investment to boost Iraq's oil output and rebuild its war-ravaged economy.

But divisive issues not formalised when cabinet passed the law in February, such as how revenues would be shared and who would gain control of discovered but undeveloped oilfields, has delayed its approval.

Barzani has insisted that Kurds want to include a separate law on oil revenue management that would set up a Kurdish fund. The central government has said it wants revenues put in a central account and distributed according to Iraq's population.

Most of Iraq's proven oil reserves are in the Shi'ite south and in the Kurdish north.

A fair distribution of the oil wealth is vital for national reconciliation because Sunni Arabs, who live in areas with no oil in central and western Iraq, fear a bad deal would cut them off from any windfall. Sunni Arabs are the backbone of the insurgency.

Iraq's Deputy Prime minister Barham Salih, the chief architect of the draft oil law, told Reuters in an interview earlier this month he was confident a draft oil law would be approved in parliament after officials from the central government and Kurdistan meet to iron out differences.

Kurdish officials to meet govt in Baghdad over oil | Iraq Updates

Baghdad, 11 May 2007 (Voices of Iraq)
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Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Thursday, reaching $60.475 million compared with $87.865 million on Tuesday as the auction did not convene on Wednesday.

In its daily statement the bank said it had covered all bids, which included $17.055 million in cash and $43.420 million in foreign transfers, at an exchange rate of 1,263 dinars per dollar, one tick lower than Tuesday.

Sixteen banks participated in Thursday's auction and offered to sell two million dollars. The Iraqi Central Bank bought the entire amount at 1,261 per Iraqi dinar.

Lower demand for dollar in daily auction | Iraq Updates

to a not so pretty 1250. American Contractor

In last months meeting in Amman Jordan at the Iraqi Banking conference the target rate for the the Iraqi currency is 1250.

Originally Posted by cooldolphins

to a not so pretty 1250. American Contractor

I pay no attention to that clap trap, lol i still remember when they said target was 1260 for feb!

Originally Posted by rvalreadydang

I pay no attention to that clap trap, lol i still remember when they said target was 1260 for feb!

That's right you just swat that mosquito. Totally unreliable source.

Originally Posted by wciappetta

That's right you just swat that mosquito. Totally unreliable source.

come and get it skeeter!

Originally Posted by wciappetta

That's right you just swat that mosquito. Totally unreliable source.

did they just make this up??!!