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

16 November 2006 (AP Worldstream)

Iraqi Prime Minister Nouri al-Maliki arrived in Turkey on Thursday for a two-day visit to discuss the deteriorating security situation in his country and Turkey's fight against Kurdish guerrillas.

Al-Maliki met Turkey's prime minister, Recep Tayyip Erdogan, and also planned to discuss bilateral ties with Parliament Speaker Bulent Arinc and other officials.

Turkey is worried that ethnic and sectarian clashes are pulling Iraq toward a civil war that could break the country apart in several autonomous sections and lead to the emergence of an independent Kurdish state on its border.

Turkey fears such a development could encourage separatist Kurds in Turkey to revolt and is urging Iraq and the United States to root out Kurdish guerrillas, who have been waging hit-and-run attacks from Iraq in Turkey's southeast since 1984. More than 37,000 people have died in the fighting.

Turkey is also concerned about Iraqi Kurds who seek control of the Kurdish-majority, northern oil center of Kirkuk — a move they fear could help precipitate Kurdish independence.

Turkey's Foreign Minister Abdullah Gul warned Tuesday that allowing Iraq to split apart would force its neighbors to take action and usher in "an unbelievable new era of darkness."

Al-Maliki's visit was originally scheduled for Oct. 16, but was canceled after a sand storm in Baghdad prevented his plane from taking off.

The Iraqi leader is accompanied by a large portion of his Cabinet, including Foreign Minister Hoshyar Zebari, who is a Kurd, and economy-related ministers.

Iraq's minister of state for national security, Sherwan al-Waili, planned to meet Turkish security officials for talks on possible cooperation in Turkey's fight against Kurdish guerrillas.

Iraqi leader arrives in Turkey for security talks | Iraq Updates

Originally Posted by pipshurricane

Yes Adam but what you will said if i told you then this process will begin in 2 days

Iraqi Oil Ready to be Exported to Jordan in Two Days:
(Noozz Editorial) Nov 16 2006

Noozz.com | IRAQ

Can you post the entire article? I can not read it at the link. Thanks!

16 November 2006 (Azzaman)

The government has earmarked $437 million for the construction of new roads and bridges and the rehabilitation of the existing transport systems, a senior transport official said.

Shirin Barwari, head of contracts at the Transport Communication Ministry, said a large portion of the money is part of the U.S. grant to reconstruct the country.

U.S. Agency for International Development is involved in scores of projects in Iraq and is perhaps the only foreign agency actively participating in the Iraqi reconstruction.

Shirin said the agency would directly finance many of the projects which include airports, railways, roads and bridges.

Part of the money, she said, will be spent on improving conditions on Iraqi highways and airports.

The airports in Baghdad, Basra and Mosul will get priority, she said.

Some 110 land projects for which $155 have been allocated will be implemented, she said.

In the railway sector there will 99 projects at a cost of $41 million, she added.

The rest of the money will be spent on ports at the head of the Gulf to handle a surge in foreign shipments. The port in Basra will be expanded with the addition of new platforms, Shirin said.


$437 million for transport sector | Iraq Updates

Originally Posted by choochie

Can you post the entire article? I can not read it at the link. Thanks!

No sorry choochie my subscription are expired but i will try to find it!!!!

Originally Posted by boogirl

It's dissension, and yes Charmed you are one of my favorite posters too!

OH MY GOD, you're right! apologies all round. Good grief. Who knew one word could cause such diccenshun.

Originally Posted by pipshurricane

Yes Adam but what you will said if i told you then this process will begin in 2 days

Iraqi Oil Ready to be Exported to Jordan in Two Days:
(Noozz Editorial) Nov 16 2006

Noozz.com | IRAQ

Facking superb ph! Unlike Sus, I won't be grabbing you by the head and kissing you straight on the lips! Maybe when it revals though at $1.48.

Doesn't that mean that the HCL would have to be done already.....if they are planning on exporting in 2 days.

Originally Posted by pipshurricane

Yes Adam but what you will said if i told you then this process will begin in 2 days

Iraqi Oil Ready to be Exported to Jordan in Two Days:
(Noozz Editorial) Nov 16 2006

Noozz.com | IRAQ

Originally Posted by CharmedPiper

Doesn't that mean that the HCL would have to be done already.....if they are planning on exporting in 2 days.

I'm not sure but one thing for sure only one month remaining before the end of 2006 so it will not be long to saw this fabulous news for the HCL enacted

Originally Posted by CharmedPiper

They are pulling in massive amounts of dinar in a short amount of time....and most likely are near their target....if they were not going to reval until Dec 11 or 12 then what's the hurry...they still have a month. But, if they want to get the reval in place and begin to show immediate recovery this looks very good to those who are watching their every move. I agree that we have seen remarkable things this week with the auctions but it has not impacted the general Iraqi public or made a substantial difference in the inflation....I don't think it would look good on Dec 12 if they continue on this path and show only slight movement in the economy...their time has run out and their economic crisis has not improved. How can the IAMB turn over a country that can't meet the immediate needs of the country. JMHO.

Nice view CP. It would make sense to me that Iraq would reval, with some time to spare, before the meeting, if only to show that the economy can handle the new rate.

Then they could go into the final meeting and say "See, no problems here. We can take the training wheels off now".

The question, however, is if they are going this route, how much time would they need with a new rate to prove themselves? As everyone is saying - time is running short. JMO

Is there any way the Iraqi gov could put restrictions on cashing in the dinar
and still meet the rules and regs of the international banking community ?
Such as only in Iraq or a certain amount at a time.
thanks