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

Originally Posted by CharmedPiper

MIKE IS THIS A TYPO???

Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar

that's one helluva typo, LOL cruel i tell ya cruel....those newspaper editors need to be on top of things like this

Originally Posted by Mike5200

Posted by: saleem on Sunday, November 12, 2006 - 02:36 PM

Iraq-Currency
Sharp drop in dollar demand at Iraqi Central bank auction
Baghdad, Nov 12, (VOI) – Demand for dollars fell sharply at the Iraqi central bank daily auction on Sunday.
Demand was down $46 million to $24.880 million from $70.180 million in the previous session.
The bank covered bids which were $22.180 million in cash and $2.700 million in foreign transfers.
The dollar exchange rate was 1,465 dinars, unchanged from Thursday.
Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar

Hey guys, weren't we told some time back that when we seen this kind of change that this was a good thing? CIGARMAN or CHARMEDPIPER do you guys remember if I'm right about this?
LISA

Originally Posted by sassy

Hey guys, weren't we told some time back that when we seen this kind of change that this was a good thing? CIGARMAN or CHARMEDPIPER do you guys remember if I'm right about this?
LISA

I don't know I am still trying to pick myself up off the floor......

Back to Story - Help
Baghdad's morgues working overtime By CHRISTOPHER BODEEN and QAIS Al-ABSHIR, Associated Press Writers
23 minutes ago



Baghdad's morgues are full. With no space to store bodies, some victims of the sectarian slaughter are not being kept for relatives to claim, but photographed, numbered and quickly interred in government cemeteries. Men fearful of an anonymous burial are tattooing their thighs with names and phone numbers.

In October, a particularly bloody month for Iraqi civilians, about 1,600 bodies were turned in at the Baghdad central morgue, said its director, Dr. Abdul-Razaq al-Obaidi. The city's network of morgues, built to hold 130 bodies at most, now holds more than 500, he says.

Bodies are sent for burial every three or four days just to make room for the daily intake, sometimes making corpse identification impossible.

"We can't remove all the bodies just so that one can be identified and then put them all back in again," al-Obaidi said. "We simply don't have the staff."

Al-Obaidi said the daily crush of relatives is an emotional and logistical burden.

"Every day, there are crowds of women outside weeping, yelling and flailing in grief. They're all looking for their dead sons and I don't know how the computer or we will bear up," he said.

While no one knows how many Iraqis have died, daily tallies of violent deaths by The Associated Press average nearly 45 a day. About half of them are unidentified bodies discovered on city streets or floating in the Tigris River.

The United Nations estimates about 100 violent deaths daily and the Iraqi health minister last week put civilian deaths over the entire 44 months since the U.S. invasion at about 150,000 — close to the U.N. figure and about three times the previously accepted estimates of 45,000-50,000.

In morgues across Iraq where capacity stretches beyond thin, bodies are even being turned away.

"We have to reject them," Hadi al-Itabi of the morgue in Kut, southeast of Baghdad, said he told men who turned in the bodies of six slain border policeman last week. "We just don't have enough cold storage."

Iraq's bureaucracy of death is overwhelmed. The task of identifying and interring bodies is all the more difficult because of the clandestine nature of the killings: Increasingly, Iraqis are being killed far from home and in secret, the victims of kidnappers and sectarian death squads.

With nowhere else to look when a friend or loved-one goes missing, family members first check the local morgue.

Abbas Beyat's joined the line outside Baghdad's central morgue after his brother Hussein disappeared a month ago while driving through the mainly Sunni town of Tarmiyah, 30 miles north of Baghdad. The family had already paid a $60,000 ransom to an intermediary who then disappeared with the money.

"There were three piles, each with about 20 bodies," Beyat, 56, said, describing the scene inside the morgue.

"The clerk told me to dig through them until I found my brother. I had to lift them off until I found him," he said. Like many of those abducted, Hussein Beyet bore the marks of torture, with holes from an electrical drill visible in his skull, Beyat said.

Others never find their loved ones' bodies at all.

The fear of leaving the bereaved without a corpse to bury is so strong that some Iraqi men now tattoo their names, phone numbers and other identifying information on their upper thighs, despite Islam's strict disapproval against such practices.

On the day he turned away the border policemen's bodies, Al-Itabi said Kut's morgue had already buried 15 unidentified corpses pulled from the Tigris River, all of them bound, bullet-riddled, and heavily decomposed.

The government cemetery in Kut, opened on Sept. 24, already holds the graves of 135 unidentified victims.

Hundreds of such bodies have been fished ashore at the town of Suwayrah where they are snagged in nets stretched across the Tigris to prevent river weed spreading into the surrounding canal network.

Most of the dead are mutilated by torture, a practice common on all sides, but especially prevalent among Shiite murder gangs that have snatched thousands of Sunnis from their homes and neighborhoods since the Feb. 22 bombing of an important Shiite shrine in Samarra, north of Baghdad.

Health Ministry officials are discussing how to handle the overflow of bodies. One proposal under consideration is the use of refrigerated trucks, manned by staff entrusted specifically to help identify bodies.

"That would solve a big problem for us," al-Obaidi said.

With government unable to handle the load, the task of burial usually falls to Islamic charities and other social groups that rely on public donations.

One of the biggest, the organization of powerful Shiite cleric Muqtada al-Sadr, has buried more than 3,000 unidentified bodies outside the southern holy city of Karbala since Sept. 1, according to an al-Sadr aide, Raad al-Karbalaie.

Trucks from the capital arrive several times a month carrying loads of 50 or more bodies each, each says.

"They've already been photographed and have numbers attached, so hopefully the families can identify them someday," al-Obaidi said. "Then they're free to exhume them for reburial."

Mosques affiliated with the organization take up special collections at Friday prayers to fund the burials, while the men who inter them donate their time and labor, he said.

Um Amir's trip to the Baghdad morgue came too late.

One month after her brother Adnan Hussein disappeared while selling plastic sacks in western Baghdad's Bayaa neighborhood, the 56-year-old Sunni housewife identified him from a picture stored on the Baghdad morgue's computer.

"The clerk told me he had already been buried," Amir said. "They needed the space for new bodies."
Print Story: Baghdad's morgues working overtime on Yahoo! News

How can the govt of Iraq ignore this? How can they sit back and continue to do nothing? Screw Darphur . . .what about this genocide??? But yet all the Dems want is out? When is Angelina Jolie going to Iraq?

Originally Posted by CharmedPiper

MIKE IS THIS A TYPO???

Some banks offered to sell $2.5 million at an exchange rate of 1.463 dinars to a U.S. dollar

No, thats how it appears in the "Voices of Iraq" article (ASWAT AL IRAQ in Susies bookmarks)

Originally Posted by Mike5200

No, thats how it appears in the "Voices of Iraq" article (ASWAT AL IRAQ in Susies bookmarks)

I don't post often because I have nothing to contribute except hope but I MUST respond to this. What exactly are we seeing here? Any ideas anybody?

Originally Posted by boxmama

I don't post often because I have nothing to contribute except hope but I MUST respond to this. What exactly are we seeing here? Any ideas anybody?

the amount 1.463 dinars to a U.S, if true would mean a reval, but iif it's a typo the . should be a ,

Originally Posted by sassy

Hey guys, weren't we told some time back that when we seen this kind of change that this was a good thing? CIGARMAN or CHARMEDPIPER do you guys remember if I'm right about this?
LISA

Yes, it was stated that if you saw the demand for the dollar drop off it could be preceived as an indication as to an increase in the value of the Dinar. Now we don't have anything official yet, but someone on the inside could already know that the value of the dinar is going to outpace that of the dollar, sooooooooooo fewer people want to be caught holding dollars when the reval come. IMHO

Interesting. You don't by chance have a link to any article relaying to that subject.

Regardless of a link basic economic theory would back this up as a good sign. Keep the news rolling!!!!!

Originally Posted by aporl

Start U.S. Iraq withdrawal in 4-6 months: Democrats - Yahoo! News

"Democrats, who won majorities in the U.S. Congress in last week's elections, said on Sunday they will push for a phased withdrawal of U.S. troops from Iraq to begin in four to six months. "

Ok, what do you think about this in terms of Iraqi Dinar Investment?

Im still upbeat, but you have to wonder how the recent election could influence or investment.

The Dems are not that stupid. Even though they ranted through the political process, they know better than the average American what is truly at stake here. With the largest embassy US on earth being built in Iraq I feel all this talk is again public consumption. I believe the US will have a permanent presence although they may call it UN peace force it will largely be American forces keeping guard much like Korea.

The Middle East is a potential powder keg and we all know how long it takes to get equipment to the region. Since the area is too vital to the global economy the US and the entire world for that matter cannot afford to allow some ill-minded imams and leaders in that area with their grandiose scheme of a Muslim Caliphate where they check the man to make sure they're not wearing underwear and a woman has an existence lower than a common animal to gain strength.

Just imagine what political ramifications the Dems would face in 2008 if they bailed in Iraq? Woman’s rights groups would skewer them. Nope I think this is all fluff.

So I think our investment is just as healthy as it was before the election.