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

sorry if already posted

Economic : economic researcher : the investment law, the key to economic growth required
He stressed the importance of activating its implementation
Baghdad-Haidaralerbei'i
Is the birth of the new Iraqi investment law, the most important and significant economic decisions reliable Iraqi many of the observers and specialists in the Iraqi affair. The number of researchers and many economists
The basic building block in the growth of the economies of all the country which will contribute greatly to the elimination of unemployment and the alleviation of inflation as well as the transfer of expertise, science break into Iraq by the investing companies.
Of other investment law that would improve all aspects of life, business, industrial, tourist and thereby improve the social situation of the Iraqi people. However, this law has meant a lot of work and expertise and the economic benefit from it so as to make good on top of these things provide the security side, which deems (Manaf jeweler), an economist at the Iraqi Center for Economic Reform most important thing in attracting investors and capital into Iraq. He says jeweler : Let us when a group of specialists concerned with the economic situation and to expedite the completion of the Investment Law and legislation matters of security on the ground was less severe than it is now. Despite all the security conditions, the timely minimum investment environment was available and today we find ourselves in the security situation is bad and impacted negatively on the economic and investment environment as well as the reluctance of the process of the reconstruction of Iraq and the accompanying from the failures of implementation because of administrative corruption class base and lack of seriousness P j-oriented economic reconstruction and rational through the involvement of all concerned in the economic process, whether civil society organizations (businessmen, the Iraqi Union of Industrialists and the Chamber of Commerce. etc.) as well as university professors and Exchange Commission and the Iraqi media, because all they are concerned the real process of building a for economic and jeweler adds that the failure to the security side, led to the dismal failure and a big vacuum in the economic performance from the flight of most traders and industrialists out of Iraq.
Therefore, we can deduce that a simple survival of things as they are now render investment law void and become legally dead because we will not provide for this fledgling air we breath of is the stability in all its facets as we will eventually get tired economy into a debilitating medicine is not particularly high inflation, we are witnessing an unprecedented rate in the world as well as T. the cessation of all economic sectors, which will help to raise the gross domestic product (such as housing, industry and agriculture).

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All the big boys going, sounds like some sort of deals being done.....

Baghdad-Sabah

Enter Prime Minister Nuri al-Maliki day visit to Turkey to discuss the prospects for cooperation between the two countries and to update stabilize Iraq's relations with neighboring countries. A source in the Prime Minister's Office for the "morning" : The delegation including seven ministers and four members of the House of Representatives as well as a number of advisers and deputy ministers accompanying Maliki in the visit.

He explained that the ministers are Hoshyar Zebari, the foreign minister and the statement of Jabr Al-Zubaydi, Minister of Finance, Karim Wahid, Minister of Electricity and Hussein Shahrastani Oil Minister Abdel farmer and the Sudanese Minister of Trade and express Nazim Aboudi Minister of Agriculture and Shirwan Alowaeli and Minister of State for National Security Affairs. As well as Yassin Majeed Media Advisor in the Office of the Prime Minister. The source added that members of the House who are on the accompanying Maliki writer and Iyad al-Samarra'i, Hassan al-Shamri, Humam Hammoudi. In Ankara announced a spokesman for the Turkish prime minister said yesterday that Maliki will be today, Thursday, will hold talks in Ankara with his counterpart Recep Tayyip Erdogan on bilateral relations and the PKK.

i have a good feeling about this,the dinar keep on rise (even if it is a small rise).
and the good news coming.i usually dont get excited about these things,But all the good news make my heart beat an extra time =D

Originally Posted by bluedangle

I am gonna start flagging all the U.S. Political posts take it outside please

Every one holds their own politcal views. I shure don't agree with all of them.
But politics is, like it or not, a peace of this puzzle.

I for one want to see all the puzzle.

Sorry Neno please feel free to remove my post if needed.


Arkie.

Originally Posted by Drjansson

i have a good feeling about this,the dinar keep on rise (even if it is a small rise).
and the good news coming.i usually dont get excited about these things,But all the good news make my heart beat an extra time =D

For sure. I see it like a soccer match, so far we've gone through the whole game and it's 0-0. We're now into extra time and this is where the fun really starts!!

This is the start of the reval. Be more convinced of that after seeing todays auction rates......

I like this guy, smart cookie. I'll try and get him over here.

Originally Posted by opportunist
If oil is the underlying commodity that secures the debt of Iraq you have several things going for Iraq.
One is they will be one of the last countries on the planet with oil as the others deplete. Yes, depletion rates are a fact check the EIA and IEA web sites.. And yes Yergin came out today and said we have 3 trillion BBLS of oil but did not say "in Reserves" which is a big distinction. Save that for another day.
Two Iraq should have no problem securing debt and paying off debt in the future. At $200- 500 million per day. Iraq will be debt free. Not "If" but "when".
The question will be how will they take payment?

Petroeuros.

Why?

Would you rather be paid for a commodity in dollars or Euros?

Euros.

The dollar is falling against the Euro. So if I pay you in euros you would be able to buy more in dollars in a year. Hence the Dinar is a great hedge against the dollar. We Americans have racked up too much debt.

Iran is currently trying to set a up an oil bourse which will trade in euros.

Look at the Chinese. They will not let their currency float against the dollar because it would devalue. Instead they keep it in lock step with the dollar so it does not devalue. That is why Congress is upset with China for not letting the yuan float. I do not blame them. If the yuan went down it would reduce Americas debt and trade imbalance and strengthen our dollar while giving us better buying power.

Announcement No.(807)

D.G. of Foreign Exchange Control

The 807 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 16 so the results were as follows :

Details Notes
Number of banks 12 -----
Auction price selling dinar / US $ 1454 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 39.945.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 39.945.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(14.745.000) at a rate of(1454+1+10=1465)IQD\USD .
The amount sold to make transfers abroad was USD (25.200.000) at a rate of (1454-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.


D.G. of Investments

Daily price Bulletin buying and selling Thursday 2006/11/16

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1455.000
1454.273

European Euro
EUR
1863.564
1862.632

Sterling Pound
GBP
2747.477
2746.103

Canadian Dollar
CAD
1277.549
1276.910

Swiss Frank
CHF
1166.613
1166.030

Sweetish Krone
SEK
205.314
205.212

Norwegian Krone
NOK
226.072
225.959

Denmark Krone
DKK
249.845
249.721

Japanese Yen
JPY
12.324
12.318


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Well, the rate dropped slightly but the volume was low compared to earlier this week. I'm not sure what to make of it but as usual, will wait and keep looking for more good news.

Originally Posted by webinvestor

Well, the rate dropped slightly but the volume was low compared to earlier this week. I'm not sure what to make of it but as usual, will wait and keep looking for more good news.

Makes me think they reached their goal, in what they were trying to buy back. It'll be interesting to see what wm.knowles post.

Originally Posted by Hope Full

sorry if already posted

Economic : economic researcher : the investment law, the key to economic growth required
He stressed the importance of activating its implementation
Baghdad-Haidaralerbei'i
Is the birth of the new Iraqi investment law, the most important and significant economic decisions reliable Iraqi many of the observers and specialists in the Iraqi affair. The number of researchers and many economists
The basic building block in the growth of the economies of all the country which will contribute greatly to the elimination of unemployment and the alleviation of inflation as well as the transfer of expertise, science break into Iraq by the investing companies.
Of other investment law that would improve all aspects of life, business, industrial, tourist and thereby improve the social situation of the Iraqi people. However, this law has meant a lot of work and expertise and the economic benefit from it so as to make good on top of these things provide the security side, which deems (Manaf jeweler), an economist at the Iraqi Center for Economic Reform most important thing in attracting investors and capital into Iraq. He says jeweler : Let us when a group of specialists concerned with the economic situation and to expedite the completion of the Investment Law and legislation matters of security on the ground was less severe than it is now. Despite all the security conditions, the timely minimum investment environment was available and today we find ourselves in the security situation is bad and impacted negatively on the economic and investment environment as well as the reluctance of the process of the reconstruction of Iraq and the accompanying from the failures of implementation because of administrative corruption class base and lack of seriousness P j-oriented economic reconstruction and rational through the involvement of all concerned in the economic process, whether civil society organizations (businessmen, the Iraqi Union of Industrialists and the Chamber of Commerce. etc.) as well as university professors and Exchange Commission and the Iraqi media, because all they are concerned the real process of building a for economic and jeweler adds that the failure to the security side, led to the dismal failure and a big vacuum in the economic performance from the flight of most traders and industrialists out of Iraq.
Therefore, we can deduce that a simple survival of things as they are now render investment law void and become legally dead because we will not provide for this fledgling air we breath of is the stability in all its facets as we will eventually get tired economy into a debilitating medicine is not particularly high inflation, we are witnessing an unprecedented rate in the world as well as T. the cessation of all economic sectors, which will help to raise the gross domestic product (such as housing, industry and agriculture).

I know we don't like to hear bad news, but is anybody going to comment on this? Reading it, it looks like opinion, but who's opinion? Sounds like they have moved beyond anger and frustration to stoic resignation and acceptance that the FIL will not be implemented...