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

Jaafari's survival as Iraq PM looks unlikely
Mon Apr 10
BAGHDAD (Reuters) - Pressure from Kurdish and Sunni leaders looked increasingly likely on Monday to force Iraq's Shi'ite alliance to drop Ibrahim al-Jaafari as its choice for prime minister to break a deadlock over a new government.

http://news.yahoo.com/s/nm/20060410/wl_nm/iraq_dc_29


Good, get rid of him!



Sunnis in Iraq to ask Shiites for new names of candidates for prime minister
Mon Apr 10
BAGHDAD (AP) - The Sunni Arab bloc in Iraq's parliament remains opposed to a second term for Prime Minister Ibrahim al-Jaafari and will ask the Shiites to present new names for consideration for the top government post, a Sunni spokesman said Monday.
The statement by spokesman Dhafir al-Ani was issued after Kurdish politicians also reaffirmed their opposition to al-Jaafari. That leaves the Shiites little choice but to reconsider their nominee if the deadlock over the new government can be overcome.
http://ca.news.yahoo.com/s/10042006/...-minister.html

What we like to read as dinar investors!!



Iraq's Economy Nearly Doubled - Report
The U.S. Department of State's release of the first presidential report to Congress detailing progress in Iraq shows that Iraq's economy nearly doubled from 2002 to 2005.

Iraq's economy grew from $18.9 billion in 2002 to $33.1 billion in 2005.

The International Monetary Fund (IMF) estimates that the real gross domestic product (GDP) grew by 2.6 percent in 2005; the IMF expects the real GDP to grow by 10.4 percent in 2006...

http://www.portaliraq.com/news/Iraq's+economy+nearly+doubled+-+report__1111919.html

Few other snippets of news on the link below.

good news indeed adster...might make thatMay or June peg after all if they can get jaafari to resign or quit....always good to hear u and mike's updates on the situation in iraq....as always i am grateful for all u and mike do....keep updates coming please.....Pat

Originally Posted by bigopie

good news indeed adster...might make thatMay or June peg after all if they can get jaafari to resign or quit....always good to hear u and mike's updates on the situation in iraq....as always i am grateful for all u and mike do....keep updates coming please.....Pat

Most welcome Pat, we're all in this together!!

The annoying part about the below is that the man I feel is the best for Iraq and us speculators missed out by 1 poxy vote in the initial elections. We could have had him in by now and be well on our way. Instead it's not definite he'll be n and it will still take time. Just means that a reval has been set back by 3 or more months IMO. Still hopeful of a summer reval.


BAGHDAD, Iraq (AP) - Shiite politicians failed Monday to persuade Sunni Arabs and Kurds to soften their opposition to a second term for Prime Minister Ibrahim al-Jaafari, leaving the Shiites with little choice but to replace him if they want to break the deadlock on a new government.

But al-Jaafari's supporters within the Shiite alliance showed no sign of backing down. Representatives of the seven parties within the alliance planned to meet Tuesday to discuss the standoff, which has blocked formation of a government of national unity.

"For the alliance to make a change, it needs to have the support of five of the seven blocs within it," said Salam al-Maliki, an al-Jaafari supporter. "This is impossible to secure."

Names mentioned as possible alternate nominees of the alliance include Vice President Adil Abdul-Mahdi, who lost the nomination to al-Jaafari by a single vote; deputy parliament speaker Hussain al-Shahristani, an independent; and Ali al-Adeeb and Jawad al-Maliki, members of the prime minister's party.

However, none of the alternatives was believed to have broad support among enough alliance factions to be guaranteed quick approval.

http://www.freenewmexican.com/news/42065.html

Interesting,

Since there are very few influential Shiites, I can see why they do not want to give up on al Jaafari easily, but I think he should be offered a deal he can't refuse. LOL

Good luck to all, Mike

any truth to this email i got yeterday..

Greetings!

Dear member - This is an alert that I thought I would pass on to you , we have seen a sudden rise in the Dinar over the week-end and our cost from our suppliers is rising accordingly . While we can hold the prices at previous levels we will , but we cannot guarantee for how long and warn that we can change prices at any pint due to fluctuations in the market .

We have been told by reliable sources that the Central Bank of Iraq is actively trying now to stop Dinars leaving the country - so if you are waiting to buy , do not wait too long .

Originally Posted by prettyctk

any truth to this email i got yeterday..

Greetings!

Dear member - This is an alert that I thought I would pass on to you , we have seen a sudden rise in the Dinar over the week-end and our cost from our suppliers is rising accordingly . While we can hold the prices at previous levels we will , but we cannot guarantee for how long and warn that we can change prices at any pint due to fluctuations in the market .

We have been told by reliable sources that the Central Bank of Iraq is actively trying now to stop Dinars leaving the country - so if you are waiting to buy , do not wait too long .

Interesting,

I have seen the prices rising for months, and the reason given from my suppliers is simply related to supply and demand. Sooner or later with all the people now aware of the dinar as a safe windfall profit investment, it is now at a point where shortages are being seen all over the world as demand increases day by day. I moved over $20M last month and I got hit with the higher prices to cover my inventory, so like everyone else, we have to increase prices to compensate. This is all good news for the long term, but it certainly starts to pinch us in the short time. Be thankful you got in before the latest supply issues, and watch what happens when supplies are cut off completely, which there is talk of already. This would be a good signal of impending peg, if indeed true.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

Since there are very few influential Shiites, I can see why they do not want to give up on al Jaafari easily, but I think he should be offered a deal he can't refuse. LOL

Good luck to all, Mike

A lot of it has to do with fundamentalist Shiite ties to Iran...Iran is pumping a lot of money and effort into key Shiite groups and persons. Al Jaafari is the head of one such group. This is one of the prime reasons the Kurds and Sunnis want him out and the main reason the largest party of Shiites won't let him go...Just my .02.

Originally Posted by Offshore-Wealth.com

Interesting,

I have seen the prices rising for months, and the reason given from my suppliers is simply related to supply and demand. Sooner or later with all the people now aware of the dinar as a safe windfall profit investment, it is now at a point where shortages are being seen all over the world as demand increases day by day. I moved over $20M last month and I got hit with the higher prices to cover my inventory, so like everyone else, we have to increase prices to compensate. This is all good news for the long term, but it certainly starts to pinch us in the short time. Be thankful you got in before the latest supply issues, and watch what happens when supplies are cut off completely, which there is talk of already. This would be a good signal of impending peg, if indeed true.

Good luck to all, Mike

Sooner or later the supply of new uncirculated dinar will run out and you will be buying used dinar. I've already read posts saying dealers are getting to this stage and will be with us soon.

A lot of other dinar dealers have run out totally such is the interest.

To me, government + security = reval = happy punters!