Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

A closed meeting of Parliament to discuss his Kurdistan during the biennium

(صوت العراق) - 11-06-2007

(Voice of Iraq) - 11-06-2007

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A closed meeting of Parliament to discuss his Kurdistan over the last two years
PNA : having decided today, Monday, the National Council of Iraqi Kurdistan hold a special meeting to discuss the activities of Parliament on the occasion of the second anniversary of the convening of its first meeting,
The majority members of Parliament to convert to a closed meeting.
After the request of a majority of member Adnan Mufti, the Speaker of Parliament demand for a voice vote and the majority and then asked Speaker of the media representatives to leave the room and turn it into a closed session.
The President also asked members of Parliament not to give statements to the media after the approval of the majority of the meeting should be closed.
It should be noted that during its second session of Parliament ratified the 38 legally and issuing 24 other law is the most important law of the presidency of Kurdistan and the ministries of the territorial government and the Investment Law and the Anti-Terrorism Act in the Territory.

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

Democrats PREPARE recommend to divide Iraq into three zones

(صوت العراق) - 11-06-2007

(Voice of Iraq) - 11-06-2007

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Democrats PREPARE recommend to divide Iraq into three semi-autonomous regions

PNA-

PNA-announced PRESIDENTIAL DECREES prominent in the American Senate have announced their intention to participate in the signing of a bill submitted to the members of your Council to divide Iraq into three semi-independent regions. The sudden announcement coincided with the statements made by the five Republicans on the Council declaring that they are preparing another bill to adopt the recommendations of the Baker Hamilton official policy of the United States towards Iraq.

The Saudi homeland that the Board members Sam Brownback, a candidate for the presidential elections and Gordon Smith in a statement made the day before yesterday said they will participate in the presentation of a draft law prepared by the division of Iraq Democratic Senator Joseph Biden. This is the first time I meet Brownback and Smith are from the hard-liners in the Republican Party with Senator Biden known searing critic of President George Bush and his administration.

The Biden and Leslie Gelb the President of the Council on Foreign Relations has presented their plan to divide Iraq along sectarian and ethnic for the first time in May last year. The plan also Forster then gradually withdraw American forces starting from the beginning of next year, after completion of the partition plan. It is not known whether the new position for Brownback and Smith also means agreeing to set a date for the start of the withdrawal of American forces from Iraq.It is noteworthy that the Republicans have repeatedly rejected Democratic claims that setting a timetable for withdrawal.

But certainly that the bill, which calls for adopting the recommendations of the Baker Hamilton official policy implies identify a "time frame" for withdrawing troops. Those recommendations that provides for the return of a significant part of the troops to the United States "in early 2008."

This means adopting five of the Republicans in the Senate for this project that there is within parliamentary bloc Party President Bush agree to a "time frame" for the withdrawal of a political precedent in the deliberations of the U.S. Congress.

It was announced by Senator Lamar Alexander, a Republican, of the state of Tennessee that he obtained the support of four Republicans in the Senate, including a Gregg (New Hampshire), and Robert showed (Utah) on the draft law referred to on adopting the recommendations of the Baker Hamilton American policy toward Iraq.

These moves come within the Syrian bloc in Congress to disclose the existence of splits led by prominent members of the White House's policy in Iraq. Such moves to intensify the pressures faced by the administration on its policy in Iraq to the extent that might force next autumn when any conduct a comprehensive review of the Iraq file in Washington to accept the proposed timetable for the withdrawal of most American forces from Iraq.

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

so nothing has changed
its still not revalued

WE NEED IT TO REVALUE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thanks

Originally Posted by bultn

Announcement No.(943)

D.G. of Foreign Exchange Control

The 943 daily currency auction was held in the Central Bank of Iraq day Monday 2007/6/11 so the results were as follows :

Details Notes
Number of banks13-----
Auction price selling dinar / US $1260-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)45.725.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)45.725.000-----
Total offers for selling (US $)----------

Originally Posted by pipshurricane

Baghdad, June 11, (VOI)- Demand for the dollar was stable in the Iraqi Central Bank’s daily auction on Monday, reaching $45.725 million compared with $46.920 million on Sunday.

In its daily statement the bank said it had covered all bids, which included $9.675 million in cash and $36.050 million in foreign transfers, at an exchange rate of 1,260 dinars per dollar, the same as yesterday.
None of the 13 banks that participated in Monday's auction offered to sell dollars.
Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar is still at low levels because the exchange rate is stable. We are waiting for the exchange rate to change and if this does not happen belated foreign transfers will be transferred which will lead to a rise in demand for the dollar."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Version traduite de la page http://www.aswataliraq.info/index.php

Interesting comment

Originally Posted by pipshurricane

Baghdad, June 11, (VOI)- Demand for the dollar was stable in the Iraqi Central Bank’s daily auction on Monday, reaching $45.725 million compared with $46.920 million on Sunday.

In its daily statement the bank said it had covered all bids, which included $9.675 million in cash and $36.050 million in foreign transfers, at an exchange rate of 1,260 dinars per dollar, the same as yesterday.
None of the 13 banks that participated in Monday's auction offered to sell dollars.
Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar is still at low levels because the exchange rate is stable. We are waiting for the exchange rate to change and if this does not happen belated foreign transfers will be transferred which will lead to a rise in demand for the dollar."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Version traduite de la page http://www.aswataliraq.info/index.php

[B][SIZE="4"]I like the sound of this very, very much! How bout ya'll?

Correct me if I'm wrong here, but rising demand for the dollar sets them back on their goal to dedollarize. So they must raise value of dinar to correct or prevent this. Right?

The Ministry of Finance and quick follow-ups to the legislation amending the new retirement

Luna / June 11 / BAGHDAD / reviewed Finance Minister Baqer Jabr Al-Zubaydi cover the Finance Ministry with members of parliament (Finance Committee) in order to speed legislation amending the new retirement.
A source in the ministry today, Monday, the minister pointed out that the ministry is currently working on a strategic modernization of the tax system includes the development of the current system and expanding the tax base for example, introduction of new taxes such as sales tax (value-added tax) and taxes on the phone with the modernization of the tax administration ministry is also considering tax customs as well the follow-up to the restructuring of banks has been appointed as special auditors checked the bank accounts of the Rafidain and Rasheed 2006.
Pointing out that he had been receiving several offers for this and will select the best of them.
The source said the bank is monitoring the contract for the application of comprehensive banking system for the provision and improvement of banking services offered to citizens, explaining that the ministry has succeeded by providing small loans for artisans and small industrialists and beneficiaries of social welfare soft to enable them to carry out activities which provide them with appropriate access and thereby upgrading living in addition to activating the private sector activity and increasing contributions to the Iraqi economy / / completed / u p / b p / financial ..

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5

Compulsory leave of the House Speaker, Accord Front nominate alternative

Luna / June 11 / Baghdad / The House of Representatives held its seventh session open headed by Sheikh Khalid al-Attiyah, first deputy chairman of the Board will be held on Monday, 11th June 2007 at the Conference Palace in Baghdad at the beginning of the meeting following the decision came in the text (at the Accord Front pledged that Mr. Mahmoud Almchidani submit his resignation from the presidency the House of Representatives' the House of Representatives receive and approve this undertaking Accordingly, Mr. Mahmoud Almchidani be cleared until Accord Front another candidate for this post, the first deputy of the parliament, Mr. Khalid al-Attiyah functions and powers of the President of the Chamber of Deputies during the leave period, Mr. Almchidani).
This has been the voice of Council members on the draft laws of Criminal Procedure Amendment Act military and the Iraqi Supreme Criminal Court No. 10 of 2005 as well as members of the Council voted to rescind decisions proposals laws Revolution Command Council dissolved numbered 199 for 2001 and 690 for 1981 and 1283 to 1980 and 1019 to 1979 for 1253 and 1985. It was the second reading of the draft law to join the International Agency for Investment Guarantee and the accession of the Republic of Iraq to the Islamic Corporation for Insurance of Investment and Export Credit.
This has fully meeting rose at two thirty in the afternoon session to be held on Tuesday next day on the nineteenth of June / / completed / p u / a, c / the House of Representatives.

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5

Ministers from the Iraqi List showing reservations on the withdrawal of existing government

Luna / June 11 / BAGHDAD / writer has announced that the deputy in the Iraqi Parliament that four ministers from the Iraqi List came to the Prime Minister and declared that they would not withdraw from the government, even if the President asked them to list Iyad Allawi withdraw.
The writer said in a press statement that some members of the Iraqi List were the violators of this front, which tries to Dr. Allawi composition and withdraw from the present government, considering that pursuant to the detriment of the entire political process.
The writer pointed out that some of the elements that belonged to the Front problem in Egypt is suspicious elements they were dealing with the former regime, pointing out that some Kurdish elements which had already fought the Kurdish people under the Saddam regime and ordered him are participating in this front, which irritated brothers Kurds in Kurdistan and writer stressed that the draft Front aborted completely eliminated and I do not think there is an opportunity to restructure again / / completed / p u / u p / of the parliament.

Translated version of http://www.wna-news.com/inanews/news.php?item.4330.5

Originally Posted by readytogo

[B][SIZE="4"]I like the sound of this very, very much! How bout ya'll?

Correct me if I'm wrong here, but rising demand for the dollar sets them back on their goal to dedollarize. So they must raise value of dinar to correct or prevent this. Right?

They better get the reval done sooner than later or it is going to be too late!

Originally Posted by pipshurricane

Baghdad, June 11, (VOI)- Demand for the dollar was stable in the Iraqi Central Bank’s daily auction on Monday, reaching $45.725 million compared with $46.920 million on Sunday.


Ali al-Yasseri, a trader at the auction, told VOI "the demand for the dollar is still at low levels because the exchange rate is stable. We are waiting for the exchange rate to change and if this does not happen belated foreign transfers will be transferred which will lead to a rise in demand for the dollar."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.

Version traduite de la page http://www.aswataliraq.info/index.php

You would think that this statement would spur worldwide speculation?!?!?

Mr Knowles, OSW and others could you post some thoughts on this! Does this statement mean that there are some traders who know there is to be a reval?