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

I think it will just show up on the CBI web site.

Originally Posted by cmeshon

I think it will just show up on the CBI web site.

I agree

Policy : Iraqis : market holidays in either recession or facing price hikes
By aliraqnews in 22 / 10 / 2006 3:14:35 ( 51 readers)

Baghdad markets are not usual in the days of the holidays a few years ago and severely crowded Krnvala of happiness and joy. Some markets are suffering from stagnation and inertia, the other witness a remarkable increase in prices. Thus describes the Iraqis if the market one day before the blessed Eid al-Fitr.


Says Alhaji Ahmed Amri owner of a fashion "that the demand for men's fashion is not up to the holiday, not even close to where the purchase is very weak and the goods are limited to the import of old, not new models."
He said Taqi Albldawi owner of a clothing other times that work for us is limited because of the security situation which does not exceed (5) hours in the best conditions at the time were more than (15) hours in the last few years. "
While Mr. Adib yellow wholesaler "that the transportation costs are high because of the risks faced by the drivers of vehicles in addition to the lack of insurance on goods coming which makes imported goods beaten calculated risk others in addition to the recession experienced by the local market and the weak demand by buyers escape d therefore importer of clothing will be limited Balasteradat does not compare to previous years. "
The Albaoui owner of a children's clothing said the sale of the votes of Iraq "in all local goods is a relic of the past year, which was not successful enough in the sale," and added "I will work to liquidate before the season change without buying more at the present time."
The shoe shops are not the best state of clothing stores, where he Mushtaq Kadhim owner of a shoe "that the average sales to exceed (25) sets of shoes per day at a time when the increase in the quantities sold on the (300) set daily Therefore, we did not Ntsouk cargo new, but we are working to sell the goods accumulated in Mahlatna."
Hassanein said that Karim was purchased new clothes for the same occasion, but he bought for his children to the joy of Eid Ayhermanm although it is not going to come out of his home as he told us in the feast.
Others argue that the market is witnessing a remarkable increase, especially in household items, which is the high prices constitutes a burden on the Iraqi family.
Abu Ali al-Hajj says "Perhaps the rapid deterioration of security in some parts of Iraq, especially the capital Baghdad, which is considered the main shopping center is the direct reason behind the price increases caused by the reluctance of traders to go to these areas and to provide the local market in various materials, which contributed to the high prices.
He said Mr. Ahmed Mahdi Ekeli (owner of a shop in the market Alcheorgh) "rapid deterioration of security in Iraq and the dangers of the road leading to Amman and Damascus is paid to the Iraqi merchant not to go to the neighboring countries to bring the goods."
He added Ekeli "There are reasons that can not be overlooked is Matedi certainly result in higher wages for the transportation of the consumer to a double fold increase in the price of fuel considerably, which forced the Iraqi traders to refuel commercial markets, which have become ones due to the fuel crisis sustainable."
A grant holidays granted by the Iraqi government to citizens and ordered distributed through agents materials Ethaaeeh additional reason for the price increase Moreover, the absence of the role of oversight entirely to the domestic market.
The Iraqi government had given each individual the amount (10) of thousands of dinars and the ration card donated by the occasion.
And Ms. Zainab Al-Alami (housewife), "The budget Mairehg some families is the rise in food prices, especially on children's clothing because of the high demand on them."

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Originally Posted by *CLEO*

How does everyone think it will be announced once it revals? News, Radio, or will it be hush, hush and we'll just see it on the market with a new price?

I bet we find out by the CBI or FOREX change or of course all the WOOOTS heard from around the globe...but I wouldn't count on there being much news coverage as far as the big networks. Remember this is a positive, great accomplishment...we will be lucky if the human interest page picks it up.

Originally Posted by zipper

I agree

I agree as well. I think if it is announced, the media will likely try and politicize the reval. Try and tie it with the ongoing involvement of US and UK over there. JMO

Looks like they're dealing fast and heavy now!
Iraq's oil minister seeks Japanese investment

Iraqi oil minister Hussein Al Shahristani urged Japan Monday to provide vital investment and aid loans to his war-torn nation.

"The oil industry is important for the reconstruction of Iraq," the Iraqi minister told Japanese trade minister Akira Amari during a three-day visit to Tokyo, as quoted by a Japanese government official.

"But investment is not sufficient," the oil minister was quoted as saying. "We would like Japanese companies as well as Japanese official loans to come to Iraq."

Amari, who arrived in Japan Sunday, said that his ministry is now selecting projects to be financed with a package of $3.5 billion loans to Iraq, which was announced by Japan in 2003.

Tokyo is now considering supporting three projects - reconstruction of oil refining facilities as well as the building of pipelines and liquid petroleum gas-related facilities, the official said.

Japan, a key donor to Iraq, has so far offered $6 billion in debt waivers and $1.5 billion in aid grants to Baghdad.

The last of Japan's 600 troops in Iraq returned home in July, completing the nation's first military mission since World War 11 to a country where fighting is under way.

-- Middle East Times

Originally Posted by cmeshon

I think it will just show up on the CBI web site.

did you notice the article back aways that described the stages they have been going through with the auctions and how the next stage as soon as they revalue will NOT be the regular auction we have gotten used to but a different type? im not sure how that will be conducted.

The Iraqi government had given each individual the amount (10) of thousands of dinars and the ration card donated by the occasion.

Is this like the fist article that's been posted indicating the 10K dinar and ration card has been given? (as in past tense) I don't recall seeing any other article stating this. All along, it's been posts asking for confirmation that the items had been given.

The plot thickens....and I smell a reval....close enough to raise an eyebrow or 2

Everything points to the latter part of '07 as far as any type of IQD adjustments...

Good Example: Their inability to track who's spending what. A huge issue & crucial to security. So if Ahmed is spending "X" amount of IQD, we'll know about it. Electronic footprints as it were...

One More: Next comes the fight over who get's what over revenues, like oil. This will come with delay after delay because of greed & hypocrisy on the grandest scales. Iraq's wealth is only surpassed by it's shear ignorance & abhorance of democracy, due to their twisted interpretation of Islam. Don't forget the outside influences either, ie...Iran & Syria, plus what's happening in Afghanistan, North Korea.

In Conclusion: Because of the above (there's much more to the Iraqi Picture than we'll ever know), the talk of Civil War will increase dramatically. Do not be surprised if it happens.

Solution: DX Maliki & his Parliament. America & her allies need to quit pussy-footing around with this b/s & get off the "Appeaser's Highway". Look at where it's getting Europe. Veil, anyone?

And as always, I would like nothing better than to be wrong about all of the above. Have a great day everyone...