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

Originally Posted by shotgunsusie

ok, remember this article back from june 27???

English : IRAQI DINER EQUALITY TO DOLLAR, ZUBAIDI SUGGESTSEnglish : escape DINER Equality TO DOLLAR, ZUBAIDI SUGGESTS

Baghdad , June.27 p1Baghdad, June.27 p1
Finance ministry & Iraqi central bank study a suggestion about lifting off the worth of Iraqi diner and returning back as the past,Finance ministry & Iraqi central bank study a suggestion about lifting off the worth of Iraqi diner and returning back as the past, and the suggestion supported by the international bank.And the suggestion supported by the international bank. Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so diner would be equal to dollar, on the other hand, he declared his support for national peace initiative.Finance minister Bayan Jabr Zubaidi declared that he suggested on bank governor lifting off three zeros so diner would be equal to dollar, on the other hand, he declared his support for national peace initiative.

my question is this, wtf does the national peace initiative have to do with the revaluing of the dinar???????????

that has just been signed i believe has it not???

Yes it has. We know he tried to lop zeros but got the 'red card' from Shabs and co. I don't know why they were both linked in the same article as above....

The Ministry of Transport Jordanian bidding for the transfer of Iraqi oil sold to Jordan at a preferential price early next year.

Surely they cannot sell at a preferential price and allow Jordan to benefit by the difference in ex. rate??

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Economic: Call for Restructuring Iraqi BanksTo activate its role in the processes of reconstruction and development
Baghdad Yasser incumbent.

Economic expert disclosed that the banking system in Iraq is suffering from deficiencies in the performance of its core functions, stressing the need for restructuring government banks. He said Dr Maged fictitious expert at the Central Bank of Iraq in an interview with the (morning)

On the role of banks in the economic reform : the fundamental task of restructuring the banks are improving their performance in order to provide banking services to the government, institutions and individuals in accordance with the requirements of the development of the economy.

The picture also emphasized that the banking sector plays an important role in economic relations and international financial, it enjoys considerable international attention, He pointed out that the banking sector needing care and responsibility in the implementation of these transactions.

He said : Therefore, the main objective of the restructuring is to eliminate the problems of the banks to ensure the functioning of the domestic and international dealings.
The tasks of restructuring main factors first. .The existence of a genuine political will and clear and transparent for this process, There is a need for a restructuring process in a timely manner and the period of relative calm financial and banking activity.

The second task in financial restructuring, which includes the commitment to the minimum capital for the banks. If the transition to broad international activity, it should increase the capital to contain higher levels of new capital as well as the revision in the credit portfolio and the improvement and development of management commitment and regulations, instructions and procedures.

Dr. Magid pointed to the need to ease the liabilities of banks and convert what could be converted into a capital increase, The restructuring of the requirements of the banking activity to reconsider the type of services provided and developed and implemented as soon as possible and strengthen internal controls and compliance monitoring and policy-making required in accordance with the Banking Act and the regulations of the Central Bank and the instruction of the Governing Council, as well as reducing operational costs and the use of modern means of providing banking services.

..So counting nominal subject to review and specialized banks merged bank and one specializing in the development of industry and agriculture-related projects together. One of the requirements for restructuring government banks.
He called for the capital increase until a half billion dollars in order to be able to deal with the new tasks of the current stage of economic development and the exploitation of part of the oil resources allocated to this development, in order to develop the industrial and agricultural activities in small and medium-sized enterprises and to be a center for attracting foreign investments in collaboration with the implementation of these projects, even big ones.

He concluded by saying that the restructuring of banks requires action by a plan of action and thought seriously by all of them to these banks are in a state represented by the Ministry of Finance, as the sole owner of these banks and the Central Bank of Iraq as the supervisor of the banking activity and the more specialized in assessing these a activity and said :
Without a combination of these bodies and to support the government it is impossible to complete the task of restructuring government banks drastically. He pointed out that the restructuring will do the role of banks in the process of reconstruction and development.

Originally Posted by Adster

Yes it has. We know he tried to lop zeros but got the 'red card' from Shabs and co. I don't know why they were both linked in the same article as above....

things that make ya go hmmmm

Updated on Noozz, no change.....



IQD/curr curr/IQD
0.00068 1470.000
0.00054 1842.377
0.00036 2749.020
0.08076 12.383
0.00086 1159.224
Updated: 10/18/2006

18 October 2006 (Aljazeera)

Tariq al-Hashimi, Iraq's vice president, arrived in Amman on Tuesday for talks with Jordanian officials that will focus on Iraqi security developments and bilateral ties.

Aljazeera reports that the Iraqi official's visit is aimed at winning over tribal chiefs of Anbar province against a backdrop of opposition voiced by the US administration and Saudi Arabia to the idea of Iraq's division along sectarian lines.

Upon his arrival at the airport, al-Hashimi was met by Marouf al-Bakhit, Jordan's prime minister, and other cabinet officials.

Al-Hashimi told the Petra state news agency that his visit to Jordan "comes in the framework of consultations and exchanging points of view on mutual issues mainly the situation in Iraq".

He also said that during his previous visit to Jordan he "perceived a great concern from King Abdullah II and al-Bakhit about the situation in Iraq and a sincere and serious desire to help the Iraqis and get them out of the current deadlock and ordeal".

Makka meeting

Also on Tuesday, Saudi King Abdullah and Jordanian King Abdullah II met in the Saudi holy city of Makka to discuss the Israeli-Palestinian conflict and the crisis in Iraq, the official SPA news agency reported.

At a Monday night meeting chaired by King Abdullah, the Saudi cabinet warned against "attempts to divide" Iraq.

"The Saudi kingdom stands with all national forces working for the unity of Iraq, and opposes attempts to dismantle and divide the country, and provoke sedition among its inhabitants on the basis of sectarian, racial or confessional" lines, a statement said.

The cabinet added that the unity of Iraq would "reinforce regional security and stability".

Police revamp

Meanwhile, in Iraq, government sources said on Tuesday that commanders of three special police forces were moved to administrative jobs under a government plan to revamp the interior ministry.

Interior ministry sources said the minister, Jawad al-Bolani, ordered major-generals Mahdi Garawi, head of the Security Preserving Force; Adnan Thabet, of the Special Forces; and Rashid Flayeh, of Police Commandos, be shifted from the field to administrative posts in the interior ministry.

Leaders of the Sunni Arab minority and the US have put pressure on Nuri al-Maliki, Iraq's prime minister, to rein in Shia militias that have infiltrated the police.

"These moves are related to the sectarian conflict which is going on in this country. The moves came under pressure from the Americans and the Sunnis," a senior ministry source said.

Vetting

Western officials and Sunni Arab leaders have accused the Shia-controlled interior ministry of harbouring senior officers who, during Iraq's previous government, tolerated or encouraged Shia militias to infiltrate the police forces.

Thousands of policemen face criminal vetting and lie detectors as part of a "retraining" plan aimed at weeding out militiamen who have used the cover of their uniforms to kidnap, torture and commit mass murder, US officials have said.

On Tuesday, interior ministry spokesman Abdul Karim Khalaf said that more than 3,000 policemen have been suspended this year.

He said 1,228 of those suspended were fired, some for taking part in "terrorist operations." The rest, including senior officers, are waiting the results of investigations.

Iraqi official to hold talks in Jordan | Iraq Updates

Originally Posted by Big Jake

What in the world is ass cream? And why would you get it for your daughter?

Desitin, aka diaper rash cream. Not the Prep H stuff.

Originally Posted by Adster

Updated on Noozz, no change.....



IQD/curr curr/IQD
0.00068 1470.000
0.00054 1842.377
0.00036 2749.020
0.08076 12.383
0.00086 1159.224
Updated: 10/18/2006

Do you think these are true 10/18/06 numbers or just what was last posted before CBI went down??? I find it hard to believe that they would have this information before the banks do??? Just wondering...

Well you'd think the banks would know first, this may just be an indicator on Noozz but not the true value.........

Originally Posted by willie 2

This is allrobably weather related. Didn't Malaki have to cancel a trip on Monday to Turkey for this reason?

It was posted earlier he cancelled because of a sandstorm.