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

All I know is if they break Iraq into three regions, I will put my money in Kurdistan. I will find a way to get my dinar to a Kurdish Bank.

Originally Posted by kawih2750

All I know is if they break Iraq into three regions, I will put my money in Kurdistan. I will find a way to get my dinar to a Kurdish Bank.

I believe Warka DOES have branches in the Kurdish region.

Originally Posted by Offshore-Wealth.com

Good points,

Here is how I see it. We know action is needed now, no more dickering about, this was clear, so whatever was stated even a week ago just went out the window, so it is not shelved until 2008, it is a now issue and has to be resolved NOW.

Yes, the Kurd's has so called Swiss dinar which was worth 150 times more than the Saddam dinar, so we know what the Kurd's want, and so far, whatever they want, they seem to be getting, and eventually this will come to pass with revalue too.

As far as seperation, I am not saying this is mandated, it is a freedom of choice issue. Yes, there are many Shiite and Sunni who do work and live in same neighborhoods, so some may choose to stay where they are, but the more important issue is the killing will stop just by affording the choice to move within a dominant Shiite or Sunni area. It is all about those who feel seperation is safer, and those who do not hate based on sect can remain together if they choose. No reprint is needed since it is still all under one constitution and currency, so not an issue as I see it.

Good luck to all, Mike

Thanks for responding Mike, I appreciate your views.
I agree that it would be better for a decision to be made as soon as possible whether it be for separation or unity, which is why the comment about shelving it until 2008 took me by surprise. It wasn't even a complete article just a sentence at the end, as a casual mention.
The Swiss dinar valued at 1.5 to the old dinar was based on the Kurd's having their own government and economy after separating from Saddam's dictatorship 15 years before, which makes me wonder if they would repeat this again if a move to separate is voted in now.
My concern is the Sunni and Shiite that live within the same family, in the event of a separation they would still be outcasts regardless where they live. They would either have to conform to one or the other, continue to risk their lives, or flee Iraq.
Thanks again.

Originally Posted by Vipor

I believe Warka DOES have branches in the Kurdish region.

4 branches and growing

[QUOTE=Hope Full;116904]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

It is kind of hard to discern exactly what the meaning of "The price of the dollar in 1474"
Clearly there is a translation issue.

To me taking the time to just come up with the idea, discussing it and voting on it is not worth $6.70. Not to mention the cost and trouble of creating the cards/vouchers, distributing them etc.

Think about all the major issues at hand: reconcilliation, oil wealth distribution, foriegn investment, security etc.

So, they have time to sit around and come up with a great idea to give every body $6.70. No way, they don't have the time for that and it does not solve any problems.

It would however make lots of sense to figure out a way to give everyone $10000. This will go a long way toward boosting the economy, calming tensions and violence and generally make everybody feel real warm and fuzzy inside.

To me it would only make sense to distribute this card after an RV. How pissed off would people be if they went and bought a pack of cigarettes and some beer with their 10,000 Dinar stipend then the next day it rv's?

If they actually get around to giving out this stipend at the end of Ramadan, I think we will have an r/v very soon imo.

The possibility of re-dinar's value (the possibility of re-value dinar)

Makki Mohammed Rdam

Issued by the Ministry of Finance signals about raising three zeroes of the Iraqi currency in circulation, the explicit recognition of the status of inflation inherited from the former regime, may be the first step on the road to deal with the monetary system, , which in turn is an essential task of economic reform tasks of the Iraqi desired.
The attention to the fact that such actions do not affect the technical substance in the current monetary system on the basis of cash flows reflection of the financial flows. This means the language of the economy and the accounting balances and cash balances commodity can be read on the economic realities of a particular country, regardless of the outcome of these balances when negative or positive.
In the light of that understanding, we distinguish between the fiscal deficit accounting is increasing public expenditures on public revenues and the deficit between the economic / physical - which means reduced economic growth rates for natural-even in the case of increasing spending cash, Related to this deficit results and the negative economic effects resulting from the financial policy adopted.
While the surplus is economic (growth) achieved positive economic results, most notably - national saving – , Which always equals the National Investment and components of the investment is domestic investment in plant and equipment, stock, which also invest abroad and sources of savings is the personal savings, The profits retained by the business sectors and consumption of capital funds and savings of the government (any government budget surplus) and the corresponding true whether the economy is passing through a period of calm or moving towards recession or a leap in time of war.
This is due to a number of reasons, some of which cite :
1-values and high prices of goods and services more than five thousand times mean on the ground change or transition from 1505-1810 to a different era they call the new and not necessarily be the best of the old and the consequent transfer of the social strata of the salary to move again because of the values and prices of the assets of old or unused land and real estate place, Emah-invested, and the recovery of demand for certain services only.
Two-changing and the enormous rise in values and prices lead to change and alter the relations that existed between the sectors of the components of the economy to new relationships are often distorted, especially in the beginning, rise prices of goods and services a certain percentage depending on the nature of their raw materials, which may be imported from the origins of certain rate much different to the rise in other commodities, and for other reasons, while also remaining goods and other services (often local) unfortunately unchanged are those goods and services produced by small adoption or consume a vast majority of the first affected by the phenomenon of inflation.
3-expansion in the issuance of banknotes, which are in violation of our legal and constitutional, if not offset by the parallel expansion in the value-added tax.
To stand on the size of the inflation that has afflicted the dinar since the start of the international embargo in 1991 to reach several conclusions, including the expansion of the authority of the impact of inflation on some basic goods and services (consumed by the vast majority of the community) outside the rate of inflation or economic recognized officially.
If the value of Afls = 1 / 1000 of one dinar old and can be compared to 1 / 1000 of the current dinar A., The value of a packet of matches at a time the old dinar (5 Fulus) matched now 50 dinars, 5 / 1000 matched now 50 / 1000 dinars any Pal offset 0.050 0.005 dinar, where :
1-Afls smallest monetary unit in the Old Testament.
Two-dinar smallest monetary unit in the new era.
The value of a pack of matches was in the Old Testament 5 x smallest monetary unit (Afls) = 5 Fulus
The value of a pack of matches at the present time 50 x smallest unit of currency (the dinar) = 50 dinars.
Fqimhalph match equal to five times while not referring to the real rate of inflation, which reached 10 thousand times the value of a pack of five matches Fulus / 50000 Pal and other commodities. But the source of these weakening in the price inflation was not true but :
One-adoption of the currency already inflated prices of goods and services for almost 30 years.
2-permeability ratios balanced sound economic relations between various sectors of the Iraqi economy.
3-random pricing of different origin, it is not subject to the market mechanism or state intervention, with some fluctuation in the price sometimes to the 1 / 15 once.
We say that in times of the 1960s, not the number of competent technocrats in Monetary and Financial Committee and the banks from Europe and the West take their places of responsibility in the follow-up affairs of the country, as is the case with the preparation of qualified technocrats.
Kmatabain and we often hear about economic, trade and financial and monetary affairs, and has placed even before the change of regime, The leaks, and sometimes publish explicitly via mass media and Western institutions and specialized responsible for the high level of specialization in the financial and monetary starting from the old currency, which was one of the most prominent features of inflation, forgery, and loss of confidence, The refusal to deal Balamzour including the issuance of a prison sentences against pushers got to be the first step on the road to monetary reform to replace the old currency inflated the new currency, with the change in some categories, such a move might only have to stop the accelerating deterioration, which had struck the old currency and the Iraqi economy a whole.
And if we are to restore the value of the Iraqi dinar old when shot by the former regime-and gradual-in spite of the lack of a theoretical equation or chart the value of certain work as we have said, it is possible to start the technical side, without compromising on the strength of the currency, since we consider the first premise.
1 - the value of the monetary unit assumed – Pal old dinars in 1000 almost 1500 dinars myself almost new dinar.
Two-study and determine the date of disbursement of salaries and wages of all employees of the Iraqi state in the light of the Civil Service Act and the new retirement.
3-will be the new dinar's value almost equivalent to 1500 dinars from the current value of the dinar amplifier, no comparable to the value of the dollar and some hard currency.
4-all categories can be re-dinar old Afls so small as well as large class until ten dinars.
5-schillings continue existing and new arena, the exchange rate decision of the issuance value of the Central Bank.
6 - a plan to repay the balance of the withdrawal of currency in the current non-specific dates or measure the volume of retained Release of the new dinar's value of the future.
7-develop certain characteristics of the dinar per daily transaction can expel from the current currency from circulation, according to the nature of these advantages.
8-all those measures, elementary, certainly, essential to the economic reconstruction before any sudden change in the structure or the nature of the Iraqi economy or its components does not affect sectors (industrial, agricultural service.) or even the point of development chosen by the people of Iraq, it is a constitutional issue decided by the will of the people, but technical regulatory action can be viewed as measures to assist in evaluating the moral outlook rhythmic sound to measure the details of daily living of the citizen and the family, the market and the state. The leaders alike, which has been a lot of confusion and an economic downturn.

AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Originally Posted by shotgunsusie

AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Does anyone know what the article is saying? Is it talking reval or lop?

"Issued by the Ministry of Finance signals about raising three zeroes of the Iraqi currency in circulation"
I don't want to say it but that doesn't sound good.

Edit: Nevermind Misread artical

Interpretation please.

Susie...I'm not smart enough to make much out of the above translation. Can you give opinion on what this is saying?
Thanks

and I see I am not the ONLY one...haha