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

Gulf Cooperation Council, Iraqs neigbors

Bahrain Bhd/usd 2.656
Kuwait kwd/usd 3.475
Oman omr/usd 2.605
Qatar qar/usd 2.74
S. Arabia sar/usd 2.70
UAE ead/usd 2.72


These countries are moving towards a unified currency by 2010, Iraq will be out producing them all at 6 m/p/d by 2010, jmo

The average is xxx/usd 2.816 !

Wouldn´t that be nice............

Originally Posted by pipshurricane

WASHINGTON, 14 November 2006 (Associated Press)

Bitterly divided on Iraq, lawmakers in both parties are eagerly awaiting recommendations from an advisory group led by Republican and Bush family friend James A. Baker III and former Democratic Rep. Lee Hamilton.

But even if the bipartisan Iraq Study Group is able to forge a consensus on how to deal with Iraq — a prospect that remains unclear — the panel is unlikely to offer a solution so groundbreaking it will stave off a brewing partisan feud.

Sen. Carl Levin ,D-Mich., who is in line to be the chairman next year of the Senate Armed Services Committee, said Monday the Bush administration didn't see that "we're getting deeper and deeper into a hole" in Iraq.

Two options under discussion at one point by the study group — greater cooperation with Iran and Syria, and a phased withdrawal of U.S. troops — would require a major policy shift by the Bush administration.

Republicans oppose setting any type of timetable for withdrawal from Iraq, and the United States has no diplomatic ties with Iran.

The Iraq study panel, established by Congress in March, is not expected to unveil its findings until some time after Thanksgiving, if at all. According to a Democratic aide, Baker told a senator he won't issue any plan unless the group finds consensus.

That would be a tall order for a panel comprising five Democrats and five Republicans, each prominent members in their political camps and holding their own ideas on how Iraq should be settled.

Yet Baker's group has become the beacon of hope for lawmakers who want to resolve the Iraq war before the 2008 presidential elections. Polls of voters in last week's midterm elections, which returned Democrats to power in the next Congress, found a majority — about six in 10 — disapproved of the war in Iraq. Two-thirds of independent voters said they disapproved of the war.

The panel's 10 members planned to speak with British Prime Minister Tony Blair on Tuesday by teleconference from the White House.

Later Tuesday, the study group was to meet at the Woodrow Wilson International Center for Scholars in Washington with foreign policy advisers from the Clinton administration, including Sandy Berger, Clinton's national security adviser; Richard Holbrooke, former ambassador to the U.N.; and Warren Christopher, former secretary of state.

On Monday, Blair said Iran and Syria's aid should be solicited to help stem the violence in Iraq. Resolving the Israeli-Palestinian conflict and stabilizing Lebanon also would help to unite the region behind peace, he said.

Bush's chief of staff, Josh Bolten, said the White House would consider opening talks with Syria and Iran if Baker and Hamilton recommended it.

Baker's group also has been briefed by Democrats on their plan to begin pulling out some troops right away. Levin and other Democrats agree this is a necessary first step to put political pressure on the Iraqis.

Aside from that initial step, Democrats remain divided on what should happen next, how many troops should leave and how many should stay.

Several Republicans staunchly oppose setting any timetable because they say Iraq could collapse into chaos. Sen. Lindsey Graham ,R-S.C., said shortly before the Nov. 7 elections that the Bush administration had led Iraq to the verge of chaos. On Monday, Graham reiterated his position that more troops, not fewer troops, are needed to settle the violence there.

"That should be our goal in the coming months, to provide a better security situation on the ground," Graham said, echoing a comment by Bush.

"I believe it is very important ... for people making suggestions to recognize that the best military options depend upon the conditions on the ground," the president said.

Sens. John Warner, R-Va., who is chairman of the Armed Services Committee, and Sen. Susan Collins,R-Maine, also warned against any timetable.

The White House and Pentagon in recent days have focused on whether a fresh approach in Iraq could stem the violence there. Bush announced last week he would replace Defense Secretary Donald H. Rumsfeld with Robert Gates, who led the CIA in the first Bush administration, and the Pentagon's top uniformed leadership are leading an internal assessment on options in Iraq.

Secretary of State Condoleezza Rice this week delayed her departure for Asia to attend meetings on Iraq on Monday and Tuesday at the White House and at the State Department.

But despite the full-court press being waged by the administration and Baker's group, any recommendations that surface are unlikely to solve Iraq's volatile security situation immediately or forge an easy bipartisan consensus in Congress.

According to the foreign policy and military experts advising Baker's panel, the final plan will probably back one or several options already being debated. And, they say, the proposal will come with substantial cost because nothing is easy about solving the sectarian violence in Iraq.

Bush Meeting with Iraq Panel Offers Hope | Iraq Updates

Rice kicked butts last visit, in fact the FIL was passed within days of her visit.

Originally Posted by Adster

Rice kicked butts last visit, in fact the FIL was passed within days of her visit.

Maliki and pals are probably saying "Please don't send that crazy woman back"

Hey! Can someone explain a little bit for me,is the FIL enacted and the HCL?
And what is it today that ppl get so excited about? its so much information =D

Originally Posted by cigarman

Maliki and pals are probably saying "Please don't send that crazy woman back"

Yup, for sure, she can get them kick started into revaling! She scares the shiite out of me and I'm 3500 miles away from her!

Originally Posted by Adster

Yup, for sure, she can get them kick started into revaling! She scares the shiite out of me and I'm 3500 miles away from her!

Originally Posted by laurenr

The average is xxx/usd 2.816 !

Wouldn´t that be nice............

Sorry, i think the way the rates were posted is a little confusing (it was to me)... it would be a combined average of 2.015 for 1 USD.

This is an example of $100 USD in each currency.

Bahrain Bhd/usd 2.656 (100 USD = 37.60 BHD)
Kuwait kwd/usd 3.475 (100 USD = 28.914 KWD)
Oman omr/usd 2.605 (100 USD = 38.00 OMR)
Qatar qar/usd .27 (100 USD = 364 QAR)
S. Arabia sar/usd .27 (100 USD = 375 SAR)
UAE aed/usd .27 (100 USD = 367.25 AED)

Anyway you look its easy to see Iraq has no where to go but up.

Originally Posted by laurenr

The average is xxx/usd 2.816 !

Wouldn´t that be nice............

Actually, the average is $1.59 USD. I don't know why or how they changed but the last three values were originally $0.27 USD, not $2.70 USD.

EW

Originally Posted by Drjansson

Hey! Can someone explain a little bit for me,is the FIL enacted and the HCL?
And what is it today that ppl get so excited about? its so much information =D

Read this from yesterday from the CBI........

He said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the Dahdanger of dollarization, which is one of the factors غيرHe said the Iraqi Central Bank will adopt a tight monetary policy in this regard is aimed at reducing the inflation base through improved exchange rate of the Iraqi dinar and raise the purchasing power of the Iraqi dinar and make cash more attractive means to reflect the circumstances and encouraging indicators in the economy which would help in addressing the danger of Dah dollarization,which is one of the factors - desired in the work of monetary policy and the level of effectiveness to achieve their goals in reducing inflation.

I need your help on something. I'm trying to find out for sure but I remember reading that Iraq had 9 trillion dinar printed with 4.5 trillion in circulation ( I think), so far this week they have taken 1 trillion off the streets, so how much is needed to be taken off in order to reval high? Mr. Knowles, you comments are welcome.