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

the transition to broad international activity, it should increase the capital to contain higher levels of new capital


developed and implemented as soon as possible

in accordance with the Banking Act and the regulations of the Central Bank and the instruction of the Governing Council

A decline in demand for dollar purchase during the Central Bank auction

A decline in demand for dollar purchase during the Central Bank auction | Iraq Updates
19 October 2006 (Aswat Al Iraq)

The demand for dollar purchase decreased last Monday during the second cession of the Iraqi Central Bank auction within this week, recording a demand amounted to 43 million 800 thousand dollars, down from yesterday which was 46 million dollars.

Purchase orders were divided between 18 million and 690 thousand dollars in cash and 25 million and 110 thousand dollars in the form of remittances to abroad, which the bank fully covered by a fixed rate of exchange for the third consecutive cession, at 1470 dinars to the dollar.
However, not any of the ten banks participating in the auction, offered to sell the dollar to the bank.

(Motomachi's commercial: "Read, it is an American Habit, a good one!!!" PLUS this Article for the reasons WHY, the feeling of "NO Auctions!" Is this the truth or the actual reasoning for no "RV" as we see an revaluation, meaning the actual establishment of the Iraqi Currency, Internationally!)

The foreign investments issue in Iraq is taking several tendencies where viewpoints differ between supporters, opponents and conservatives. In this issue, Dr. Sabri Al-Saadi, an Iraqi economic expert, says that there is a flaw in understanding the foreign investments issue in Iraq.

It is a parasite feeding on Iraq's funds and bringing no money with it. Al-Saadi said in a recent study published by (the contemporary conflicts center), a U.S. research center which provide advice to the Supreme decisions makers in the United States of America: "the recovery of individual and public freedoms, the enjoyment of democracy and the eradication of terrorism in Iraq are associated with the success achieved in the economic reconstruction, reducing unemployment, ending poverty and achieving social justice in the standards of health, education and social security services. I also stressed that the success of the new Iraqi state needs leaders that have comprehensive national vision, particularly in strategic and economic policies".

Al-Saadi added that the abundant oil resources are the property of all and the right of future generations as well. The ruling authority and parties, whatever their identities are, have no right to compromise it at any expense or use it as a political, economic or financial power to serve their own interests. the publishing of the study is an attempt to offer an independent national economic point of view the against the government national development strategy for the period from 2005-2007, as well as to discuss the American economic strategy contained in the national strategy to achieve victory in Iraq, which the American President announced in early December 2005. Al-Saadi finds that the oil financial resources currently available are sufficient even with the continuation of the current oil production and export. The confirmation of officials, politicians and American administration that the main problem in the economic failure are the scarcity of material, financial resources and the continuation of terrorism in the country, is a blatant fallacy. In his opinion, the current economic problems are arising from the inability of the American economic, political, financial and monetary strategy adapted to the actual state in Iraq and from misusing public petroleum resources which was one of the main reasons for the political chaos, violence, the spread of crime and administrative corruption.

Wrong Strategies leading Iraqi economy | Iraq Updates

Originally Posted by day dreamer

Ok somebody break this all down PLEASE

I will have a go!!!

I am not sure why they are saying 2008 that would make no sense they will not be able to last that long with the inflation and violence. If they keep Iraq down that long they risk losing the US support and turning good Iraq people into human bombs JMO. Also I think maybe they are trying to stop the speculation or just keep us all wondering or in good Iraq fashion misprint.

Talks by the end of the year again I think they are just trying to throw us off the scent. Rice has already warned them about getting it together. They have the FIL passed and have stated it will be implemented in less than a month. I really believe they can not enact the FIL without an RV. For an RV I would think they need to get the oil pumping so they need the HCL. Company's have already told them they will enter the Country with the violence as long as the laws are in place. They are not going to pass the Laws then sit on them until 2008.

I would say that the draft law is the HCL.

They all talk in circles I think they will get it done or Bush will send Rice back over. I really think they need an RV before the US elections. I was watch Glenn Beck today on CNN and he said that Bush and the Republicans were very confident. I thought to myself I bet he is he is holding the winning hand he just needs to play it.

I hope this was an ok take on it I am not to great at breaking these articles down but that is my opinion.

Dinar-Excited

(I dont like the sound of this..... )

Millions Stolen From Iraq's Treasury

wcbstv.com - Millions Stolen From Iraq's Treasury


Millions Stolen From Iraq's Treasury


(CBS News) NEW YORK More than half a billion dollars earmarked to fight the insurgency in Iraq was stolen by people the U.S. had entrusted to run the country's Ministry of Defense before the 2005 elections, according to Iraqi investigators.

Iraq's former minister of finance says coalition members like the U.S. and Britain are doing little to help recover the money or catch suspects, most of whom fled the country. The 60 Minutes investigation also turned up audio recordings of a suspect who seems to be discussing the transfer of $45 million to the account of a top political adviser to the interim defense minister.

Correspondent Steve Kroft reports on this mother of all heists this Sunday, Oct. 22, at 7 p.m. ET/PT.

"We have not been given any serious, official support from either the United States or the U.K. or any of the surrounding Arab countries," says Ali Allawi, who was confronted with the missing funds when he took over as Iraq's finance minister last year.

He thinks he knows why Iraqi investigators have gotten little help. "The only explanation I can come up with is that too many people in positions of power and authority in the new Iraq have been, in one way or another, found with their hands inside the cookie jar," says Allawi, who left his post when a new Iraqi government was formed earlier this year. "And if they are brought to trial, it will cast a very disparaging light on those people who had supported them and brought them to this position of power and authority," he tells Kroft.

One of the people praised in former U.S. Ambassador L. Paul Bremer's memoirs is a major suspect in the case. Ziad Cattan was in charge of military procurement at a time when the ministry of defense went on a $1.2 billion buying spree. Allawi estimates that $750 to $800 million of that money was stolen. Judge Radhi al-Radhi, head of Iraq's Commission on Public Integrity, which investigates official corruption, tells Kroft that a lot of the money that wasn't stolen was spent on outdated, useless equipment.

"It isn't true," says Cattan, whom 60 Minutes found in Paris and who was recently convicted in absentia in Iraq for squandering public funds. He showed Kroft documents and pictures of equipment that he says is now in Iraq. An official from Jane's, one of the worlds foremost experts in military hardware, says the documents Cattan provided were too vague to prove anything.

Audio recordings obtained by 60 Minutes reveal Cattan talking to an associate in Amman, Jordan, in 2004 about the distribution of Iraqi funds. According to two independent translations, he is discussing payoffs to Iraqi officials.

One possible payoff the recordings allude to is the transfer of $45 million to the account of a top political adviser to the defense minister, a man who is also identified on the recordings as a representative of the president and the prime minister of the interim government. Cattan acknowledged his own voice was on the recordings. Three translators say he specifically mentions "$45 million," but he disputes the translation. "I don't say dollars," he tells Kroft. "I don't remember what the matter was."

Cattan maintains that U.S. and coalition advisors at the Iraqi Ministry of Defense approved everything he did and says the recordings have been doctored. Audio experts consulted by 60 Minutes could not find any evidence of that. Judge Radhi also has a copy of the recordings and says a former employee of the ministry of defense confessed after hearing them.

60 Minutes has learned that Cattan is building himself a villa in Poland. Another suspect, Naer Jumaili, principal in a middle-man company that handled much of the $1.2 billion in Iraqi military contracts, is said to be buying real estate in Amman, Jordan, and building himself a large villa, even though he is wanted by Interpol. Judge Rahdi believes the fugitive suspects are bribing their way to freedom and says countries like Jordan and Poland have been "no help at all" in apprehending the suspects or recovering the money.

The case is one of 2,000 Iraqi government corruption cases the judge's commission is handling that, all told, involve $7.5 billion.

No one in the U.S. government would speak on camera about the case. But U.S. officials say this was Iraqi money spent by a sovereign Iraqi government and therefore is the Iraqis' business.

If you have read any of this Marshall Plan stuff, it is very interesting. I also read where someone saw (I know 43rd hand info) on CNN a former general saying that we need to implement the MP. Is it possible that the "October Surprise" could be an announcement of such action? the wheels could already be turning to put it in motion. Based on the success of the post war Germany MP, it could give some credibility, and confidence in a proven plan, that actually turned out to be one of the best economic programs in world history.



Neno...Sorry I thought I posted this in another thread. You can move it if you need to
Thanx clueless you know 4 what

This is News and a comment related to it.-neno

Originally Posted by day dreamer

Ok somebody break this all down PLEASE

We can't take the press literally all the time. This looks like old news with a new date on it. We have seen previous posts stating that most of this is already done and in process. The press makes LOTS of mistakes. I am sorry but I don't have time to go back and check for the posts or links.

Originally Posted by Pippyman

(I dont like the sound of this..... )

Millions Stolen From Iraq's Treasury

wcbstv.com - Millions Stolen From Iraq's Treasury


Millions Stolen From Iraq's Treasury


(CBS News) NEW YORK More than half a billion dollars earmarked to fight the insurgency in Iraq was stolen by people the U.S. had entrusted to run the country's Ministry of Defense before the 2005 elections, according to Iraqi investigators.

Am I to understand that all this happened in 2005????
(I did not want to repeat the whole post).

(Voice of Iraq) - 10-21-2006 | This issue was sent to a friend

Is "Alclejeh" joy of the holidays to the Iraqis?
Ibrahim Relief Mosul - (Voices of Iraq)

Switch mixed with the smell emitted Balsman and nuts mixed with Balhel windows of the kitchen need or cream. As well as a kitchen or Muhammad, most houses and reviving Mosul, Iraqi cities. only the smell of the preparation (Alclejeh) or Eid cookies, which is hardly an Iraqi household disposals.
And Alclejeh type of pasta or desserts, which are closely linked to the anniversary of Iraqis which is a dough stuffed types of nuts, and switch placed in a small molds in various forms, stacked in a large pre-placed in the oven to mature.
States need or cream News Agency (Voices of Iraq) alone "Alclejeh social tradition and usually did not affect the years of embargo and war which has been on Iraq, Despite the high cost of living and fuel shortages and the scarcity of cooking gas and curfews, the Iraqis did not refrain from purchasing requirements Alclejeh. "
Add cream or a woman more than fifty-year-old woman, "applied Klejeh Eid is the best tribute to the guests of the feast."
The need cream or talk while her Menhamktan Alclejeh dough to the work as one of their daughters and placed in the White flour and deep shell while her daughter has added other warm butter on it, took cream or flour mixed Balsman Tfrch both hands and adding a mix yeast and warm water and continued until Balagan consisted of a large ball of dough.
The newspaper cream or she "in the years of embargo we have Alclejeh flour ration al-Asmar and that the high price of flour and white we Nhashoha Baltmer only, now when we choose option A Turkish flour, Emirates and the Indian all kinds prices occasion, "and said" everyone was expecting Alclejeh and is not important than any kind of flour manufactured. "
Overseas Abdul Haq school chemistry in a 99-545/PCRN/MDS/P/PF/PE Mosul for girls was to create filler Alclejeh Agantha and left just before brewing for a little, where have come in front of a row of small pots and placed in one passage walnut mixture of sugar and Hail, In the second mix pistachio nuts and sugar. The third switch paste and mixed with skim nuclei Balhel. and a coconut mixture of sugar and Hail in the fourth pot. in addition to a pack of sesame and other grain blessings.
She said Ms. Abdul right, "every member of her particular taste lot of wish Balklejeh loaded Baljos or dates or pistachio nuts and were free of preferred filler is Matsmi (Lightly) which consists of disks of dough mature Tresch usually roasted sesame or bead blessings."
She added, "The work of art in itself Alclejeh We have learned from our mothers mix Alclejeh Balsman plant or animal to remain welded to a period of time and not Aganha liquid oil because it will be tough after the Manchu."
The Umm Marwa has divided the work between daughters She said, "Despite what I can from special molds for the work Alclejeh However, I better work Klejeh nuts manually and that the parties to turn the paste on the same after filling and the work of the so-called (plexus), Marwa (her daughter) is better than proficient work."
Her mother Marwa "But my daughter incest Balklejeh Central is loaded Baltmer Ttvn and it is in the selection of forms."
Hamid Said the furnace happiness in the city of Mosul said, "frequently work these days in Alclejeh Chi mats and dates prior Valaouwael many and the scarcity of gas governed by resorting to Shi Alclejeh ovens in stores near their role."
He continued, "Shi Chinese prices ranging between 1500 dinars and four thousand dinars. Valafran specific share of the monthly fuel, it would have to buy extra fuel at commercial rates to meet requests for the families in the region Shi Trays. "
Mr. Abu Ihab, a staff member, he said grudging "When rid of these customs and traditions. Is Fkrtm km cost of the efforts, the fatigue and the time and expense to do it?. "
He added : "It is cheaper materials switch is the price of kilogram of thousand dinars after it was 250 dinars. As you nuts, pistachio nuts and embarrassed. We can buy 100 grams and flour prices may rise if the families had not received within five kilowatt ration card. "
He added : "All these expenses strain the family budget, especially in the holiday season, but is unable to convince us that his wife not to work Alclejeh? He answered, "I do not think."
He says Abu explosion, the owner of a pasta that "there is demand for noodles in the feast, but Klejeh feast usually Matomal in houses, a few people bought from shops halt in the shops types of noodles, biscuits, cakes and cookies reached soon, noodles Halabeh."
The Abu Essel, the owner of shop selling food, He says that "despite the fact that many types of pasta imported from Syria, Egypt and Turkey to fill the market but will not be a substitute for the Iraqi Alclejeh Brahatha and distinctive taste."
Thus docked Alclejeh Holiday and became the most prominent features at the Iraqis, waiting for young and old and Etvnnon in the manufacture, composition, perhaps contributing to introduce some joy to the Iraqi houses, which lost a taste of the holidays for many years because of the deteriorating security situation and lack of a sense of safety.
P-n pertaining

Sotaliraq.com

Al Qaeda Figure Killed
Updated: 10:40, Saturday October 21, 2006

A key al Qaeda co-ordinator of foreign fighters has reportedly been killed by US forces in Ramadi, Iraq.

The US military said seven suspected insurgents were also captured during a raid deep in the heartland of the Sunni insurgency.

Troops destroyed the building in which the suspects had been hiding after finding a booby trap.

A spokesman said the insurgent killed had been a senior leader of al Qaeda in Iraq, responsible for providing weapons and financing to foreign fighters.

The man, who has not been named, is also said to have been behind the production and distribution of video clips and other propaganda.

More follows...

More on This Story:

Breaking news just in from Skynews.co.uk

Originally Posted by shotgunsusie

ive been out gettn shiitefaced, what did i miss???

Good for you. :0)

Fack all, nought, nada, only news was the article on the oil law below....



http://www.metimes.com/storyview.ph...20-083629-1521r


Analysis: Iraq oil production claim stuns experts
Ben Lando
United Press International
October 20, 2006

WASHINGTON -- Iraq's oil minister stunned experts this week when he said production had reached 2.86 million barrels per day - higher than pre-war levels and above what was known as Iraq's capacity of about 2.5 million barrels per day.

Oil minister Hussein Al Shahristani said production in the south - home of Iraq's largest known reserves - and the north, which has been hit with violence, have improved, the Middle East North Africa Financial Network reported Wednesday, citing the Arabic Al Sabah newspaper.

This announcement may be overreaching optimism, or merely political posturing and while some analysts say production has increased in Iraq, they are more skeptical of Shahristani's numbers.

There is no way to get a 100-percent accurate reading on Iraq's oil meters - since none are in place, analysts say. Most rely on Iraqi oil exports as a hard-number buoy, then add in various upstream conditions to gauge production totals.

The US Energy Department's data arm, the Energy Information Administration (EIA), estimates exports averaged 1.6 million barrels a day for September, and domestic consumption somewhere between 500,000 and 600,000 barrels a day.

EIA production for September was estimated at 2 million, the same as capacity.

Among the factors hindering an accurate measure of oil production is smuggling and stealing, reinjecting into the ground crude stripped of easy-to-process liquids (usually because of a lack of transportation or refinement capacity), and oil lost from attacks on oil infrastructure.

PFC Energy said it appears production has increased from the 1.9 million barrels per day estimated for last month to about 2.35 million to 2.4 million barrels per day now, but "certainly not" 2.86 million, PFC's Saad Rahim said.

He said the ministry has posted these numbers with no back-up.
"They haven't said how they've reached these levels," Rahim said.

Iraqi infighting in the south, where much of Iraq's estimated 115 billion barrels of reserves are located, has spared the oil infrastructure, since it's viewed as an income source for the eventual winner of the clash, said Greg Priddy, an analyst with the Eurasia Group, a business political risk consulting firm.

The pipeline from Kirkuk - a city atop an estimated 11 billion barrels of oil and growing in both political importance and violence - to a port in Ceyhan, Turkey, however, has seen no such respite.

The state-run Northern Oil Co. said this week oil flow resumed in the pipeline after months offline, though only 250,000 to 350,000 barrels a day run through it. The Bayji refinery, Iraq's largest, on the Kirkuk-Ceyhan stretch, can't get enough electricity to keep it running.

The EIA estimates Iraq refining capacity at nearly 600,000 barrels a day. "However, it is unable to produce much of the kind of product that it needs, so it imports refined products from its neighbors," the EIA said. "Imports varied recently from 20 percent of kerosene requirements to 50 percent of gasoline."

The EIA said, however, the closest Iraq came to Shahristani's recent outlook - in fact, since the run-up to Operation Desert Storm in the early 1990s - was 2.47 million barrels per day for a week between August and September.

Priddy said he estimated exports at around 1.7 million barrels per day, so there's "absolutely no way" Iraq is producing 2.86 million.

His colleague at Eurasia Group, Peter Khalil, who also served as director of National Security Policy for the US-led Coalition Provisional Authority in Baghdad, said Shahristani needs to qualify his estimate.

"He likes shooting from the hip about figures, doesn't he?" said Khalil about past announcements proven way overstated. "If it's accurate, that's very good news for Iraqis, of course."

Khalil said any increase in production would look good to foreign investors, investment which Shahristani is seeking during planned trips to Australia, Japan and China.

Dathar Al Khashab, general manager of state-run Midland Refineries Co./Daura Refinery, also called for financiers at a recent American Petroleum Institute conference in San Antonio. "Please help," he said. "Please be brave enough to go to Iraq. Don't just sit there and wait on the opportunity."

Khalil said, "They need that money to get in there" in order to repair an oil infrastructure badly damaged by wars, sanctions and lack of attention during Saddam Hussein's regime.

More than security, oil companies are waiting for the Iraqi government to finalize a federal oil law, which would define regulatory conditions for investment, he said.

To do that Iraq will need to settle regional disputes between the Kurds in the north, Shiites in the south, and oil-poor Sunnis in the center over oil wealth distribution.

The process for constructing an oil law is being done in secret, but is required to be passed by parliament before the year's end to comply with International Monetary Fund obligations and Paris Club debt cancellation.