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

Originally Posted by Adster

So why could tomorrow be the day?

Well we know the ration cards are going out. Can they really only give out $7?! A pathetic amount, that's even 2 weeks late!!! We know it costs 15k dinars to buy a childrens pair of shoes so what good is 10k without a r/v?!

We know the banks have sent their staff on a training course to incorporate new 'business' practices which includes international rules/regulations. We also know the banks have upgraded their systems in the last few days to allow each bank to be connected with the other banks in Iraq. Why would they do that? Well they're gearing up to go international......They have also been closed recently........

We have heard 2 rumours about smaller denoms in the banks. With due respect to RR and Apollo these are rumours but would fit in with everything else. The smaller denoms hold the key as they will be needed for a r/v. We know the bigger notes, ie 25k, 10k etc will be phased out over time......probably 6 months....

Ok, what else, we know US elections start 7 November so in theory there is still time for Bush to show the war has been a success in the eyes of the voters that would see instantly that Iraq would be a 'player' on the world front again, a success in itself.....

I don't want to pump too many rumours in this post but we also have the BoA rumour of selling dinars as of 13/11, we'll see......

We know the FIL will be enacted within the week, FACT. We also know the oil law will be completed at the latest before the year is out, FACT.

We also know with an enacted Compact and EU agreement that I repeat again an international fully convertible currency has to happen, and at 1470 to the dollar?!

With inflation at 50%, (I believe it is higher and it's being kept under wraps) that they cannot continue in this vein.

We also have clarification from the CBI source, who said the 'dinar would rise significantly in 2006', and the MoF Zubaidi saying 'Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states'. The Undersecretary to Minister of Finance also said recently 'The rise in the value of the Iraqi currency against the dollar would reduce the value of imports, and raising the value of exports. As exports are negligible, the economy will benefit from the policy of raising the rate of the Iraqi dinar'.

Also we had this being said back in August from the IMF: In addition, there was a consensus that action needed to be taken to tackle inflation, including through monetary tightening, and allow the exchange rate to be strengthened, (as conditions permit).



We also have the World Bank and Paris Club who have given their go ahead for a reval.



All leads me to believe a r/v is imminent, WHEN? Well tomorrow is as good a time as any. Let's all hope for Iraqi people and ourselves so they and us can have a better life.

Ya, this is indeed an interesting weekend. Thanks for the great summary of current important events!

So, if we have the reval this weekend .... Do I get the Mercedes SLR in Silver with black interior or Silver with blood red interior, any thoughts!!!
Benzboy

Originally Posted by sofiarza

Hey, Neno...
Thanks for all the updating....

and your support....

You are awesome...

keep in touch!!

Thats because you are my "California Girl". To bad you are getting Married. I am fixen to be very "RICH".IT IS R/V TIME. No just kidding about the marriage. "CONGRADULATION". I would like to read some of your fianceas "Books" Send me info in a PM or you know my emails.

Originally Posted by Adster

Do I hear a Woot? Enacted by the end of the year!!!!


Iraqi deputy PM sees new oil law this year


BAGHDAD (Reuters) -- A policy committee hammering out a draft oil law for Iraq now has only one key issue left to resolve and the legislation should be enacted by the end of the year, Deputy Prime Minister Barham Salih said on Thursday.
He also told Reuters projections of a doubling by 2010 of Iraqi oil exports, now at 1.6 million barrels per day, and of output to 6 million bpd from 2.3 million bpd were "conservative figures" in his view.
Oil revenues are critical to the economy of Iraq, which sits on the world's third largest crude reserves, and Salih said the way they were distributed in the country would spell the difference between a united country or its violent break-up.
"It is a blueprint for a nation at peace with itself and at peace with its neighbors," Salih said in an interview at his residence in Baghdad's fortified Green Zone. "It will determine whether we want to live together as Iraqis or not."
Salih said the committee, which he expected to meet again in a couple of weeks, still had to agree on crucial provisions governing whether development contracts with oil companies could be signed at regional or national level.
"I am hopeful we will be able to bring the group together on this matter," he said.
The contracts issue is the most critical of all because a major regional say will devolve more power over resources to Iraq's majority Shias and ethnic Kurds, who populate the oilfield regions, than the national government.
Minority Sunni Arabs, the dominant group under Saddam Hussein, fear regional devolution will leave them with nothing.
Salih chairs a government committee on oil and energy policy composed of key ministers which had struggled to overcome deep differences on the components of a new law to replace provisions dating from the rule of Saddam Hussein.
But he said a three-day "retreat" at his residence six weeks ago had overcome four of the five critical issues.
The committee had agreed that Iraq's two national oil companies should be turned into a holding company with operational affiliates to manage different aspects of the industry, Salih said.
It had also agreed oil policy would be set nationally and that the oil ministry would be restructured and transformed into a regulatory body. All revenues would be deposited in a single national account.
"The revenues will be shared between all the people of Iraq in accordance with the constitution," Salih said.
Under Saddam, the oil ministry had full control over all aspects of the industry but the revenues went to the finance ministry. Much of the money went to enriching Saddam and his close circle and to funding the military.
He deprived the main oilfield areas, the majority Shia south and the Kurdish north, of the profits from oil and left them severely underdeveloped.
Shia and Kurdish leaders are reluctant after decades of oppression to concentrate control over oil revenues centrally and have pushed in negotiations for a big say in negotiating contracts with foreign oil companies.
Salih, an ethnic Kurd, specifically rejected the word "central" but insisted Iraq's future lay in national oversight and distribution of oil revenues to ensure they were shared fairly. "We have narrowed the gap in a very significant way on this very principle," Salih said.
Years of UN sanctions, mismanagement under Saddam and now daily violence since the 2003 U.S.-led invasion have severely degraded Iraq's oil sector and it now needs billions of dollars of capital investment.
Oil had been a curse under Saddam, he said, but now could become a blessing that would help stem Iraq's sectarian and ethnic bloodletting and undermine the insurgency by Saddam loyalists from the once dominant Sunni Arab minority.
"My expectation is that we will reach consensus on the oil law. This is the indication I have from the various players," Salih said. Asked whether the law could be passed by Iraq's Shi'ite- dominated parliament by the end of the year as previously announced, he said: "I think it is realistic, very much so."

Honestly my gut tells me this is already done

Originally Posted by benzboy

So, if we have the reval this weekend .... Do I get the Mercedes SLR in Silver with black interior or Silver with blood red interior, any thoughts!!!
Benzboy

pearl not available? how about leopard skin? thats pimp...

Originally Posted by Adster

Funny, my father is here and we were discussing Iraq. He knows nothing of my investment and reads the paper daily. His opinion is like all of the media, civil war close etc, they have no clue what's going on behind the scenes. Pisses me off the way the papers blow everything out of context..........

Anyway, more good stuff here folks.

Voices of Iraq : Foreign-Organization

Books : nakr2004 on Friday, 03 November, 2006-6:12 PM BT

Iraq wins membership in the Organization of Eko Suk
Baghdad - (Voices of Iraq)
Iraq won membership in the Economic and Social Council of the United Nations (Echo Suk) on the continent of Asia and during the elections which took place in the General Assembly of the United Natidhams Sunday.
The Foreign Ministry issued a statement today, received news agency (Voices of Iraq) Independent that "Iraq happened during the elections which took place yesterday, Thursday, 181 votes out of 192 votes, representing members of the United Nations."
He pointed out that "this victory was important to express the international community's appreciation of the role of the new Iraq in this international organization and the level of the world."
It is noteworthy that the Economic and Social Council of the principal organs function of the United Nations is responsible for the design of economic and social policies of the Organization.

Translated version of Aswat al Iraq :: Aswat al Iraq

Totally agree... My folks had the same opinion for at least a year after I made my first step into this. Finally I made a last attempt to get them to buy and they knew from urgency that they had to do it. I do not get involved with sham investments and my family knows it. Needless to say all my family is in now.

Originally Posted by wciappetta

Honestly my gut tells me this is already done

Between you and Cigarman. I sure want to believe in Ya'lls Guts. But the facts are in plan Black and White. A r/v is fixen to be Reality. Well with Our Posters the Colors may Very.

Okay, so do we have an approximate time-frame on when the Saddam's verdict will be read? I can't find one (and that may be due to security - They may not want the word to get out about "when", but it's just a guess on my part).

Very long article, I did omit some of it.

The political blocs convene a meeting of solidarity and consensus to back down on a threat to boycott government

Baghdad-Sabah
.President Jalal Talabani said that the government was preparing an amnesty law strike a balance between the principles of justice and tolerance noticeable in the talks in Paris, which began two days before her visit to the eradication of the Baath will reconsider the structure to be a professional and not political. Elham references made by the President, speaking about national reconciliation
.With the demands of the politicians from the opposition parties have proposed to postpone the conference of the parties to the very fueling demands amnesty, chopping According to reports, which deliberated meetings held in Amman between a delegation from the reconciliation headed by Faleh hospitality and the strong personalities and parties opposed to the political process.
.He said Talabani, who met with French President Jacques Chirac : The initiative launched by Prime Minister Nuri al-Maliki broadly supported by the various components of the Iraqi people, adding that to achieve the goals set positive significance for the Iraq and the region.Trying actors in the government and the parliament, a step towards reconciliation progress to meet the security circumstance threatens to worsen, The analysts said : The Prime Minister was able to curb the factors that represent the sources of risk, as well as the effort to build Iraqi forces will move national.
.In this context, the President blocs meeting to study the current political situation.
ا.He said a senior government source told (morning) : the meeting would be an attempt to ease political tensions and review some of the contentious issues and find solutions to them. .He pointed out that the leaders of these blocs to review and document were struck earlier tell them solidarity and harmony, tolerance and diversity. The source said the government : This meeting falls within the overall efforts in the way of national reconciliation. و.The meeting takes place as the time for the conference of parties and political forces, which sources said : it will probably be held on the 15th of November..It is supposed to attend the meeting, the three leaders. Observers note that the Prime Minister is moving in a pivotal security and reconciliation in a balanced manner, He discussed yesterday with the Director of National Intelligence, John Negroponte, the American readiness to expedite the process of the Iraqi security forces and the importance of building and equipment to be qualified to take over the security file. Quoted in a statement issued by the prime minister received (morning) copy Negroponte reiterated that support the American administration and President Bush to the government of Al-Maliki, The statement added that the two sides discussed the political dimensions of the security problems facing Iraq. ...

.....This shows the good international and domestic, between the visit of President Talabani, Negroponte, and visits by officials to Amman, Cairo and Dubai to the arrangement of the reconciliation that the momentum of the political process moving enthusiasm and drive clear to contain any challenges might be a negative impact. .....the armed forces horizontally and vertically and the delivery of the number of army personnel to 400 thousand soldiers in the course of this year with a commitment to arming and equipping according to the government's commitments to speed up the receipt of the file where security sources revealed that ten different provinces will be under Iraqi control by the end of 2006. . In political circle represented by the Chamber of Deputies as a retreat from the Accord Front threatened to withdraw from the previous government is an indication of the positive intentions to support the move to impose security and promote reconciliation texture.
...He said the official spokesman of the Iraqi Accord Front Salim Abdullah : "The fact that the leaders of the Iraqi Accord Front to withdraw from the government came to the notice of the political partners that there is a flaw in the political process and castles in the performance explaining that the shortcomings lies in the fact that the government no longer held any interest for its Accord Front of proposals for a solution to the security problem, specifically the question of resolving Almellich come and create a balance in the security institutions. ".He criticized the performance of the House and said : he did not rise up to the required level, which we aspire to achieve security and stability and eliminate the security situation deteriorating, which puts workers in the political process, a big responsibility. " He disclosed that the Iraqi Accord Front proposals on solving the security problem but needed to understand by the political parties only affecting the can be provided in the form of a draft to the House of Representatives.
So said Dr. Alaa Makki member of the House of Accord Front : The security crisis in Iraq has stricken They need a quick solution, although the House of Representatives has the primary role in this matter, as it represents the only area in which there is consensus, even nominally. The only area for discussion and dialogue in an attempt to reach a solution of existing problems. He added that the failure to take note of these important matters before members of the House who did not attend many of them despite the fact that the holiday that have been given to them were sufficient and leave good. Dr. Alaa Makki in a press statement : The Accord Front will play its part and political pressure to achieve balance within the State, particularly in the security ministries (interior and defense) as we believe that this is the key to the solution of the crisis, and we will demand the government to take serious action in this area, stressing the signs on the horizon to change the political map of the parliamentary blocs, We will try to move in that direction as best we can and strongly for the reform of the case.

Originally Posted by WebGuy75903

Okay, so do we have an approximate time-frame on when the Saddam's verdict will be read? I can't find one (and that may be due to security - They may not want the word to get out about "when", but it's just a guess on my part).

Excerpt from:
Saddam Hussein to hear his fate
POSTED: 1736 GMT (0136 HKT), November 4, 2006
From Jomana Karadsheh
CNN
Saddam Hussein to hear his fate - CNN.com

"Court and government officials painted a picture for reporters of what might unfold on Sunday.

Because the judgments could amount to hundreds of pages, the judges may read summarized versions. It is expected that the lower-ranking defendants will be dealt with before Hussein.

Reaching a verdict and sentence requires a majority vote among the five judges, and it is up to the trial's chief judge whether to allow defendants and their attorneys to speak.

If a defendant is found guilty, he can appeal. But the appeals process is dependent on the sentence. A sentence of life imprisonment or death allows for an automatic appeal.

There is no limit on how long the appellate judges have to review the case file, but the statute states that a death sentence should be carried out within 30 days after all appeals are exhausted."