Thread: Iraq/Dinar News. 09/05 to 01/14/07

(Voice of Iraq) - 08-10-2006 | This issue was sent to a friend

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
A press statement / Press Release
Sunday, 10-8-2006

Minister of the Interior, will meet the American ambassador in Baghdad

Gate Minister of the Interior, Mr. Jawad who is in his office in Baghdad, Ambassador of the United States of America in Baghdad. Zalmay Khalilzad, and a delegation from the United States Congress.

It was during the meeting reviewed the developments in the security file, and the efforts of the Iraqi security forces in the fight against crime.

The minister pointed out the government's efforts in promoting national unity among the people, He pointed out the readiness of Iraqi security forces to take over the security file, particularly after the development attained by these forces on the level of rehabilitation and training.

For his part, Mr. Zalmay and the delegation accompanying him on the American government was keen on establishing a strong relationship of friendship with the Iraqi government and ways to strengthen and develop at all levels to serve the interests of the American and Iraqi peoples.

Sotaliraq.com

I guess no reval

Originally Posted by Hope Full

Voices of Iraq : Parliament-Eid Al Fitr - grant
Kawthar wrote : On Sunday, 08 October 2006 10:42 AM-BT
Parliament agreed to grant 10 thousand dinars for each citizen the occasion of Eid Al Fitr.
From the hushed Abdulamir
Baghdad - (Voices of Iraq)
The Iraqi Parliament voted at its fourth session today, Thursday, and the unanimous decision of the Council of Ministers b allocate 300 billion Iraqi dinars (10) by thousands of dinars each person the occasion of Eid al-Fitr.
And the decision of the Council of Ministers intercepted a number of members of Parliament before the vote, as deputy Qassem Dawoud said "I think that there is a large segment of the needy so I think it is necessary Ithoel this amount to the Ministry of Labor and Social Affairs in order to use it."
However, the objection has not prevented members vote in favor of the resolution.
A spokesman for the Iraqi government to Skinner on Thursday that the Council of Ministers will approve payment of the grant by 10 thousand Iraqi dinars every citizen occasion of the Eid al-Fitr holiday.
He explained that the amount payable in the form of checks with the card gives Altmonier and disposal of the banks.
The price of the dollar in 1474 IQD
is it just stating this or is this mean no rv???

Iraqi Parliament lift the diplomatic immunity of one of its members

(Voice of Iraq) - 08-10-2006 | This issue was sent to a friend

BAGHDAD (Reuters) - Iraqi parliament voted on Sunday in a step unprecedented in favor of lifting the diplomatic immunity of the Vice Sunni warrant issued for his arrest in charges of corruption.

After discussing the arena approved in the 141-member parliament to this procedure to lift the immunity of MP Mashaan al-Jabouri, who heads the small bloc in the parliament consisting of 275 seats, but he did not attend its meetings ever.

That could pave the way for this action further action against officials suspected of involvement in corruption crimes.

He said Parliament Speaker Mahmoud Almshahadani he supported lifting the immunity of the target in order to be able to return to Parliament if it appears that he is innocent until he could be brought to justice if found guilty.

He continued amid applause from members of Parliament sharply that there must be no obstacles to the Iraqi people and is also imperative that there is a possibility of even the appearance of the country's president to justice.

Sotaliraq.com

Originally Posted by Hope Full

Voices of Iraq : Parliament-Eid Al Fitr - grant
Kawthar wrote : On Sunday, 08 October 2006 10:42 AM-BT
Parliament agreed to grant 10 thousand dinars for each citizen the occasion of Eid Al Fitr.
From the hushed Abdulamir
Baghdad - (Voices of Iraq)
The Iraqi Parliament voted at its fourth session today, Thursday, and the unanimous decision of the Council of Ministers b allocate 300 billion Iraqi dinars (10) by thousands of dinars each person the occasion of Eid al-Fitr.
And the decision of the Council of Ministers intercepted a number of members of Parliament before the vote, as deputy Qassem Dawoud said "I think that there is a large segment of the needy so I think it is necessary Ithoel this amount to the Ministry of Labor and Social Affairs in order to use it."
However, the objection has not prevented members vote in favor of the resolution.
A spokesman for the Iraqi government to Skinner on Thursday that the Council of Ministers will approve payment of the grant by 10 thousand Iraqi dinars every citizen occasion of the Eid al-Fitr holiday.
He explained that the amount payable in the form of checks with the card gives Altmonier and disposal of the banks.
The price of the dollar in 1474 IQD
is it just stating this or is this mean no rv???

Okay, where's the brain trust--Adster, OSW, SGS?? Is it economically possible for them to dole out this money before the reval? According to the little calculator on my computer 300 bil dinars=203,527,815--203.5 million dollars. Is it possible that they specified the rate in the article as a way of saying "hey that's 300 bil AT TODAY'S RATE" ?
It's already been debated about how the rv WON'T create a bunch of Iraqi millionaires because the average Iraqi doesn't have much saved...and I remember a post a while back about how the average Iraqi would be pissed about a reval because they didn't know ahead of time and didn't have the opportunity to save any money...something like that...
Well, what if the government gives out this money to it's citizens...pre-reval and does the reval immediately after--203.5 million dollars isn't THAT much money...the real gift to the people would be the reval....thoughts anyone?

Originally Posted by ordinaryseawoman

Okay, where's the brain trust--Adster, OSW, SGS?? Is it economically possible for them to dole out this money before the reval? According to the little calculator on my computer 300 bil dinars=203,527,815--203.5 million dollars. Is it possible that they specified the rate in the article as a way of saying "hey that's 300 bil AT TODAY'S RATE" ?
It's already been debated about how the rv WON'T create a bunch of Iraqi millionaires because the average Iraqi doesn't have much saved...and I remember a post a while back about how the average Iraqi would be pissed about a reval because they didn't know ahead of time and didn't have the opportunity to save any money...something like that...
Well, what if the government gives out this money to it's citizens...pre-reval and does the reval immediately after--203.5 million dollars isn't THAT much money...the real gift to the people would be the reval....thoughts anyone?

Well I think this is the money for the debit cards, which is 10k for each person. which is around 6 dollars for each person...ain't really that much money. And if it rv to 1to1, still 10k is not going to make anyone rich. So yeah I think you are right.

Originally Posted by ordinaryseawoman

Okay, where's the brain trust--Adster, OSW, SGS?? Is it economically possible for them to dole out this money before the reval? According to the little calculator on my computer 300 bil dinars=203,527,815--203.5 million dollars. Is it possible that they specified the rate in the article as a way of saying "hey that's 300 bil AT TODAY'S RATE" ?
It's already been debated about how the rv WON'T create a bunch of Iraqi millionaires because the average Iraqi doesn't have much saved...and I remember a post a while back about how the average Iraqi would be pissed about a reval because they didn't know ahead of time and didn't have the opportunity to save any money...something like that...
Well, what if the government gives out this money to it's citizens...pre-reval and does the reval immediately after--203.5 million dollars isn't THAT much money...the real gift to the people would be the reval....thoughts anyone?

I agree with you, I have always wondered how the Iraqi's would feel having their currency RV and the majoirty of them dont have a great deal of it, Doing this solves that problem. Will look forward to other thoughts on this.

Originally Posted by neno

This Post and OSW's saying to me IMHO is the surething. Wow!!! Just a littlebit longer. Gone this long and not near as much as some. Looks like Part 5 will be it.

I've had many chats with Good Karma on other forums by pm, and he would be in my top 3 of intelligent, bright, interesting of guys. I certainly respect his opinios/views and posts he makes. He is also very upbeat on a r/v very soon. :0)

Originally Posted by ordinaryseawoman

Okay, where's the brain trust--Adster, OSW, SGS?? Is it economically possible for them to dole out this money before the reval? According to the little calculator on my computer 300 bil dinars=203,527,815--203.5 million dollars. Is it possible that they specified the rate in the article as a way of saying "hey that's 300 bil AT TODAY'S RATE" ?
It's already been debated about how the rv WON'T create a bunch of Iraqi millionaires because the average Iraqi doesn't have much saved...and I remember a post a while back about how the average Iraqi would be pissed about a reval because they didn't know ahead of time and didn't have the opportunity to save any money...something like that...
Well, what if the government gives out this money to it's citizens...pre-reval and does the reval immediately after--203.5 million dollars isn't THAT much money...the real gift to the people would be the reval....thoughts anyone?

Here is a thought... 10,000 dinars at say a reval rate of 1.47 is 14,700 per person. Although that seems like a lot we have to remember that right now Iraqi's are rationed expenses like utilities, food, gas, just about every possible necessity is provided by the government (not nearly enough to live out of poverty) and what little money they do have they use for extra gas on the black market, or food, etc. I did not realize this until my husband mentioned it and he just recently got back from a 14 month deployment in Iraq in Tikrit which was very much poverty stricken. Also I did read in one of the news articles that the government of Iraq wants to eventually eliminate the ration cards and Iraqi's would be responsible for their own basics which currently are rationed. This would save the government money and of course help the economy. Just a thought. But when you think of 14,700 dinars after a reval and consider that most Iraqi's do not have a savings and will need to rebuild and pay for all of their necessities then this amount really is not unreasonable.

Originally Posted by CharmedPiper

Here is a thought... 10,000 dinars at say a reval rate of 1.47 is 14,700 per person. Although that seems like a lot we have to remember that right now Iraqi's are rationed expenses like utilities, food, gas, just about every possible necessity is provided by the government (not nearly enough to live out of poverty) and what little money they do have they use for extra gas on the black market, or food, etc. I did not realize this until my husband mentioned it and he just recently got back from a 14 month deployment in Iraq in Tikrit which was very much poverty stricken. Also I did read in one of the news articles that the government of Iraq wants to eventually eliminate the ration cards and Iraqi's would be responsible for their own basics which currently are rationed. This would save the government money and of course help the economy. Just a thought. But when you think of 14,700 dinars after a reval and consider that most Iraqi's do not have a savings and will need to rebuild and pay for all of their necessities then this amount really is not unreasonable.

Also do we know that the 10,000 dinars is being distributed pre-eval....from all the chatter lately it looks like we could reval any day anytime....most likely this week. They could give the ration cards out after the reval...we are only talking the difference of days here....just a thought.

Baghdad Time: 05:11pm, 10/08/2006 ~ market is closed | $1 USD = 1472.63 IQD ^

Originally Posted by Adster

I've had many chats with Good Karma on other forums by pm, and he would be in my top 3 of intelligent, bright, interesting of guys. I certainly respect his opinios/views and posts he makes. He is also very upbeat on a r/v very soon. :0)

Well adster, I have to agree here. Along with your judgement (Never taking anything from you) and OSW stating what he did ,together with all the news, that just does it for me. I am not a expert in this arena. But I have been reading everypost for the past 5 months , along at times contributing myself with some research. Time allowed. Not near aslong as you guys. So for me personally, this is a very exciting time. Dang, I will owe Raditzs bigtime.