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

I was curious about something maybe yhe experts could help with.

We know that the FIL is not a rumor or speculation, it is FACT. Now putting aside the "buying for peanuts argument" I have seen the question brought up about what happens if they pass the FIL wothout a rv. With a FIL in effect, that gives everyone and their grandmother the right to invest correct? Wouldn't they have to have a currency that is globally traded on the FX? So even if they did not set a rv amount, and put the dinar on the FX, with all of the money going into Iraq, wouldn't we see a huge "natural" climb in value via the fx?

Originally Posted by jsfletcher

I was curious about something maybe yhe experts could help with.

We know that the FIL is not a rumor or speculation, it is FACT. Now putting aside the "buying for peanuts argument" I have seen the question brought up about what happens if they pass the FIL wothout a rv. With a FIL in effect, that gives everyone and their grandmother the right to invest correct? Wouldn't they have to have a currency that is globally traded on the FX? So even if they did not set a rv amount, and put the dinar on the FX, with all of the money going into Iraq, wouldn't we see a huge "natural" climb in value via the fx?

Well No one here has read the FIL... So Im pretty sure they will put guidelines and preventions in it from monopolies and stuff.. By limiting investors by certain things like contracts and paperwork etc etc etc... So I dont see how this FIL would mean a RV would be in place?

09 October 2006 (Gulf News)

Sources have revealed that an independent commission set up by the US congress may propose dividing Iraq up into three separate regions, UK based newspaper The Times reported on Sunday.

The report, which is being prepared by the Iraq Study Group with the approval of President George W Bush, is preparing to report after next month’s congressional elections amid signs that sectarian violence and attacks on coalition forces are ever increasing and threatening to spiral out of control.

“The Kurds already effectively have their own area,” a source close to the group, told The Times, “The federalisation of Iraq is going to take place one way or another. The challenge for the Iraqis is how to work that through.”

However, former senior US statesman James Baker told ABC television on Sunday that he thought the idea would end in further civil turmoil. "If we do that, that in itself will trigger a huge civil war because the major cities in Iraq are mixed," said Baker.

"The minute you say you're going to do that and make three autonomous regions, you're likely you're likely to kick off a big civil war," said Baker.

"There's no way to draw lines between Sunnis, Shiite and Kurds in the major cities of Baghdad, Basra, Mosul, Kirkuk. And furthermore, there are no boundaries between the Sunni areas and the Shiite areas in Iraq," said Baker a former secretary of state under US President George Herbert Walker Bush.

"The minute you say you're going to do that and make three autonomous regions, you're likely to kick off a big civil war," said Baker.

Baker said, "What we're going to come up, hopefully, with some recommendations that the Congress and the president and the country can look at. We're going to make it public the day we present it to the president," he said.

US 'plans to split Iraq into three regions' | Iraq Updates


Cheers!
DayDream

Originally Posted by jsfletcher

I was curious about something maybe yhe experts could help with.

We know that the FIL is not a rumor or speculation, it is FACT. Now putting aside the "buying for peanuts argument" I have seen the question brought up about what happens if they pass the FIL wothout a rv. With a FIL in effect, that gives everyone and their grandmother the right to invest correct? Wouldn't they have to have a currency that is globally traded on the FX? So even if they did not set a rv amount, and put the dinar on the FX, with all of the money going into Iraq, wouldn't we see a huge "natural" climb in value via the fx?

I belive that the Dinar will come in at 1.48 or higher! However if it was to just go on the FX at it's current rate, I do belive that it would grow at a tremendous rate. There is just too much positive going on over there right now.

here's an example of some of the money we're putting out there to rebuild:

Iraq Agricultural Extension Revitalization Project

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Synopsis Full Announcement How to Apply

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The synopsis for this grant opportunity is detailed below, following this paragraph. This synopsis contains all of the updates to this document that have been posted as of 09/25/2006. If updates have been made to the opportunity synopsis, update information is provided below the synopsis.
If you would like to receive notifications of changes to the grant opportunity click send me change notification emails. The only thing you need to provide for this service is your email address. No other information is requested.

Any inconsistency between the original printed document and the disk or electronic document shall be resolved by giving precedence to the printed document.

Document Type: Grants Notice
Funding Opportunity Number: USDA-CSREES-OP-000161
Opportunity Category: Discretionary
Posted Date: Sep 25, 2006
Creation Date: Sep 25, 2006
Original Closing Date for Applications: Nov 08, 2006
Current Closing Date for Applications: Nov 08, 2006
Archive Date:
Funding Instrument Type: Grant

Category of Funding Activity: Agriculture

Category Explanation:
Expected Number of Awards:
Estimated Total Program Funding: $5,300,000
Award Ceiling:
Award Floor:
CFDA Number: 10.500 -- Cooperative Extension Service
Cost Sharing or Matching Requirement: No

Eligible Applicants
Public and State controlled institutions of higher education

Additional Information on Eligibility:
Only land-grant institutions are eligible to receive IAER awards. Eligible land-grant institutions include all 1862, 1890, and 1994 land-grant institutions. All consortia members must be land-grant institutions. The lead institution and consortium members may subcontract to organizations not eligible to apply provided such organizations are necessary for the conduct of the project.

Agency Name
CSREES
Description
USDA request start-up proposals from U.S. land-grant institutions to strengthen agricultural extension and training at select Iraqi agricultural universities so as to revitalize the agriculture sector in Iraq. The Iraq Agricultural Extension Revitalization Project (IAER) will be implemented by providing extension training programs for Iraqi nationals in the U.S. and at third country sites in ways that enhance agricultural management, production, and marketing related to small and medium-sized production enterprises. Training will be provided through partnerships that are built between U.S. land-grant institutions and Iraqi agricultural universities in each of five governorates of Iraq. In FY 2007, approximately $5.3 million is available for support of this program.

Link to Full Announcement
Iraq Agricultural Extension Revitalization Project
If you have difficulty accessing the full announcement electronically, please contact:
Hiram Larew
International Programs, Director
Phone: 202-720-3801


Mike McGirr
National Program Leader
Phone: 202-720-3801 For questions regarding this request for applications.
Synopsis Modification History
There are currently no modifications for this opportunity.

Grants.gov - Find Grant Opportunities - Opportunity Synopsis

Let not forget the 4,000 Iraq police officers also.

RV soon!!

Originally Posted by Pimpmaximus

I need clarification on this. According to what you posted the current rate is 1472.

This means 1472 Dinar = 1 USD correct?

If you move the decimal three places to the left, you then have:

1.472 Dinar = 1 USD (A)

Working from the other end of you example we have .00068 USD = 1 Dinar

Since we are working from the opposite exchange rate, the decimal in this instance mooves three places to the right giving:

.68 USD = 1 Dinar (B)


Examining A and B from above, we see that they correspond to an equivalent exchange rate.

The exchange rate for one Dinar wouldn't be 1.47USD, but rather .68USD in your example. Either way, I'm a happy man at that point......

Unfortunately, I think they would be more inclined to zero lop rather than do a simple decimal move like this.

Your math is %100 correct. However a zero lop is not even a remote possibility, the reasons have been expounded on so many time in these posts that I won't repeat them.

They can rv the Dinar to what ever they want, imo it is just as easy for them to say, ok now Dinars are worth $1.50, as it is to say $.68. They are going to set the rate to whatever level they see fit. My own prediction somewhere around $1.00, I wouldn't be surprised to see $1.50. Setting the level based on a decimal move on the old rate is not necessary, they can do whatever they want.

Islamic spiritual initiative to stop sectarian fighting in Iraq

(Voice of Iraq) - 09-10-2006 | This issue was sent to a friend

The Organization of the Islamic Conference declared it would put the initiative for reconciliation aimed at ending sectarian Alaghtal between Sunnis and Shiites in Iraq.

In statements to the BBC Arabic, the organization's spokesman said that the initiative will be called "document Mecca," is scheduled to be formally announced after meetings of the Organization on 19th and 20th of this month in the city of Mecca, Saudi Arabia.

The spokesman noted that the document "aimed at putting an end to strife and urging clerics and religious authorities in Iraq to perform a duty is to stop the bloodshed in Iraq."

And it has been, during the meeting of the Organization of the Islamic Conference on Sunday. agree to work on the drafting of the document in Mecca in the presence of a number of prominent Shiite and Sunni.

Participated in the drafting of the general principles of the document Shaykhan Jalal Eddin small, Salah Abdel Razek and representatives of the Shiite sheikhs Abdul Sattar Abdul Jabbar Sumaida'ie Mahmoud Abbas and representatives of the year.


Iraq's security situation is very tense
A spokesman for the Organization of the document that the idea came during meetings held with a delegation from the Organization of Iraqi President Jalal Talabani and Foreign Minister Hoshyar Zebari in Baghdad recently.

The spokesman said that "reconciliation initiative came at the request of Iraqis."

However, the document does not include Mecca, as he pointed out, any mechanism to be applied on the ground. "

The spokesman added : "We emphasize that it will be the solution, but an attempt spirituality may help in the holy month of Ramadan to stop sectarian fighting in Iraq."

He pointed out that the document "will direct an appeal to all Iraqis a clarification of the position of Islam in the shed blood of Muslims."

The Organization of the Islamic Conference, which comprises 57 Islamic states, have formed in the month of July last of the Ministry to follow up the Iraqi crisis, but that the committee did not achieve the results so far.

Sotaliraq.com

Y
New oil refinery opened in Iraqi city of Najaf
Iraq opened a new oil refinery in the southern city of Najaf on Saturday, designed to fill the needs of the city and surrounding area. The refinery, about 160 kilometers south of Baghdad, will produce 10,000 barrels of oil per day, said Oil Minister al-Shahristani at the opening ceremony, calling it a "gift to the holy city of Najaf.

WASHINGTON — Former Secretary of State James A. Baker III, a longtime Republican strategist, is preparing recommendations that President George W. Bush reconsider his "stay-the-course" strategy in Iraq.

Referring to a bipartisan commission he co-chairs, Baker said, "We are taking a look at other alternatives."

With his remarks Sunday on ABC News' "This Week," Baker joined a growing list of prominent Republicans critical of Bush's Iraq strategy in the weeks leading to congressional elections on Nov. 7.

But he agrees in part with the administration. "If we picked up and left right now" Iraq would be plunged into "the biggest civil war you've ever seen," with Turkey, Iran, Syria and other neighboring countries getting involved, Baker said.

As secretary of state, Baker was a close adviser to Bush's father, President George H.W. Bush, before and during the first Gulf war in 1991, which forced Iraq to reverse its annexation of Kuwait but did not march to Baghdad to unseat President Saddam Hussein.

Baker and other Bush advisers recommended against extending the war until Saddam was out of power. "As much as Saddam's neighbors wanted to see him gone, they feared Iraq would fragment in ways that would play into the hands of Islamic fundamentalists in Iran," Baker said.

Today in Iraq, "The risk is certainly there, the same risk," Baker said.

He said proposals from the Iraq Study Group, a bipartisan team he co-chairs with Democratic former Rep. Lee Hamilton, probably would be ready and made public when Congress returns after the Nov. 7 congressional elections. He said the findings would not be released before the elections to avoid miring them in electoral politics.

Bush has asserted he intends to "stay the course" In Iraq, despite mounting casualties and failure of Iraqi security forces to suppress the violence.

Baker did not disclose specific proposals that might be adopted by the joint commission. He said "our commission believes there are alternatives" between staying the course and a precipitous troop evacuation.

On a related topic, the former secretary of state questioned the administration's policy of not talking to Iran or Syria.

He noted he made 15 trips to Damascus as secretary of state. Syria eventually joined the U.S.-organized coalition that drove the Iraqis from Kuwait.

"I don't think you restrict your conversations to your friends," he said.

"It's got to be hard-nosed," Baker said. "It's got to be determined. You don't give away anything. But in my view it is not appeasement to talk to your enemies."



We all know what's up GW's sleeve.