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

Originally Posted by FlagcityAutoD

I am getting tired from waiting on the RV!! Will someone Please wake me up when they get the RV taken care of!!

First post !

Originally Posted by noodlesdad

As of a few days ago, here is the GCC list and an average value against the dollar.

1) Saudi Arabia .26
2) Kuwait 3.44
3) UAE 3.67
4) Qatar .27
5) Bahrain 2.65
6) Oman 2.59
Total 12.88 divided by 6 = $2.15 AVERAGE

ND

and remember the two that are low i believe are the currencies that arent internationally convertable yet??

Originally Posted by cigarman

Excuse my french but DAMN, no wonder their SDR rate is still so high!!!! Good find Inscrutable!!!! So much for the Naysayers on a high reval. Like the old saying goes, let's lick em and stick em, NEXT!!!!

e) The Iraqi dinar has lost its value. Prior to the war with Iran, it was worth $3.2. The dollar is currently worth around 1500 dinar. Abundant foreign currency reserves are a prerequisite for the government to be able to restore the purchasing power of the Iraqi dinar. One should not
forget the old law of the Central Bank of Iraq, which restricted the circulation of the Iraqi dinar to 70% of the country’s gold and foreign currency reserves. This meant that for every 100 dinars issued for circulation, 70 dinars had to be retained in the Central Bank in the form
of foreign currencies and gold, in order to support the dinar. This currency regulation provided a guarantee against inflation and for a stable and prosperous economy.
From where are these required financial reserves to be secured? Unrealistic talk of relying on foreign donations is not the answer. Given Iraq’s enormous hydrocarbon wealth, oil revenue is the only financial solution, but how much revenue can be generated from oil will naturally depend on the country’s volume of exports and on international market prices.

they were not only accumulating stray dinar into the cbi but they have been accumulating a large stockpile of foreign currency reserves which will be used to back the dinar as well. whoever said they traded yen for dollars they were correct. they apply the yen then to the reserves and the japanese apply the dollars to their reserves.

yes, what the auctions have recently been doing by selling dollars is preparing them to revalue the dinar. the out of country auction amounts in the auctions began in mar/apr of this year. thats when they started accumulating foreign currencies and re-absorbing the stray dinar.

whoever is calculating the auction amounts over the last few months needs to take into consideration that they werent always buying up dinar, but other foreign currencies must be calculated into that as well.

Could someone post a postive article on the Marshall Plan that has a
bearing on the Dinar. William Plums' article is a piece of trash written by a
nut. He was a unknown writer until Osma Bin Laden recommended one his books. Nobody can deny some criticism of American foreign policy can be
justified in some cases: but to deny Serbian atrocities in Kosovo he renders
himself a bitter megalomaniac.

Check out the rumor update! It is a real WOPPER!

I hope it pans out............................

1.49 Dec. 12-15 oops

Originally Posted by bigred52

Could someone post a postive article on the Marshall Plan that has a
bearing on the Dinar. William Plums' article is a piece of trash written by a
nut. He was a unknown writer until Osma Bin Laden recommended one his books. Nobody can deny some criticism of American foreign policy can be
justified in some cases: but to deny Serbian atrocities in Kosovo he renders
himself a bitter megalomaniac.

MOSAIC: World News from the Middle East June 24, 2005 - Google Video

The first 5 minutes of the video is where Bush is talking about marshall Plan.

Financial accuses parliament late submission of budget

(Voice of Iraq) - 11-23-2006
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Financial accuses parliament late submission of budget

Baghdad-Sabah
The Ministry of Finance said that the delay in the submission of the federal budget for 2007 due to the lateness of the House to submit its budget to finance. A source in the ministry said that this statement is in response to the statement by the accused member of the House and the Ministry of Finance delaying the submission of the federal budget.

The source added that the Supreme Council of the Judiciary is another delay in the submission of budget note that the parliament must approve the budget by the Supreme Judiciary Council before submitting them to Finance.

Sistani calls components to look at the interest of the country

(Voice of Iraq) - 11-23-2006
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Al-Maliki and Bush paint in Amman, a new policy for a multilateral solution

Sistani calls components to look at the interest of the homeland and the citizen
Baghdad morning
At a time when political parties try and Iraqi religious constipation strongly united stand and close the gaps before any possibility of allowing the country to slip into a serious situation, escalating the political, globally and regionally, to develop an innovative solution to the Iraqi problem.

With the religious authority, Ayatollah Sayyid Ali al-Sistani yesterday to the unity of position, the components of each community to avoid the dangers and difficulties experienced by Iraq, the White House announced that President Bush will visit Jordan later this month to meet with Prime Minister Nouri Al-Maliki, Meanwhile, the Democrats in the new development reflects the interest in the Iraqi file they hold a forum on the Iraq war.
These moves come after the restoration of diplomatic relations between Iraq and Syria, which eased much of the pressure faced by Bush in Iraq and in the midst of the United Nations Declaration on the rise in civilian casualties to more than 7000 people during the last two months.
According to the source in the Office Ibid Sistani and a delegation from the Islamic University of Mr. Al-Sistani called for the unity of all the components of society to avoid the dangers and difficulties experienced by Iraq.
He said in a speech delivered in his office before the delegation of the Islamic University in Najaf, which is that the country needs to stand all the components, one-stop and put a one in front of the dangers and difficulties that stand in the way of the benefit of the citizen and stability.
The ingredients to look at the interests of the homeland and citizens and to deal honestly intentions and behavior and the application of that on the ground.
It said a joint statement issued by Prime Minister Nuri al-Maliki and President of the United States George Bush, they will meet in Amman late this month to continue the consultations in order to consolidate security and stability.
The summit comes after the expected meeting, which brings together President Jalal Talabani and his Iranian Mahmoud Ahmadinejad and Syrian President Bashar Assad, perhaps.
The Al-Maliki and Bush in the statement that they would focus on the latest developments in Iraq and the progress that had been made so far.
Observers believe that the summit will be an opportunity to review the situation in Iraq, particularly when Bush completed audit reports on Iraq important first prepared by management and the second set of studies mandated by Congress to assess the situation in Iraq.
It is expected that the group studies to resume contacts with Syria and Iran.
American officials believe that it is necessary to visit Iraq in his speech about the direct neighbors.
The Los Angeles Times newspaper on the American national security adviser Stephen Hadley said that Iraq needed positive role of those influential countries to stop the violence in Iraq and achieving stability and democracy.
In the meantime, a striking development emerged when the Democrats in the House of Representatives that they would hold a forum on the Iraq war.
She Bilosi Democratic member of the state of California know that the policy of pursuing the path is not successful did not make our country more secure did not live up to our commitment to our troops has achieved stability in the region.

The Iraqi Central raise interest rates to 16% to deal with high inflation
Baghdad - (Voices of Iraq)

The Central Bank of Iraq today, Wednesday, as the high rate of inflation in the month of October last October by (2 t 7%) from the previous month, pointing to the adoption of a strict policy of interest rates, referred to the (16%) for the payment of commercial banks to make fundamental adjustments in various bank interest rates to deal with this inflation.

A statement issued by the Central Bank today received news agency (Voices of Iraq) independent copy of the index for consumer prices in Iraq in the month of October October 2006, "added the increase in inflation rates were approximately (2 t 7%) compared with September of the same year."
The statement added that the increase "has shown diverse rises in the prices of all goods and services,

Reflected in one form or another at the level of annual inflation which witnessed a remarkable increase of about (9 t 52%), according to the indicators of the month of October compared to last month of last September (6 R. 51%). "

The Central Bank noted that "in spite of the slight decline in the annual rate of inflation in the last month of October 2006 (an index of consumer prices. The exception of the two fuel and lighting, transport and communication), It recorded nearly (32%) after having witnessed the rise of (1 t 33%) in the month of September of this year. "

He continued : "... However, the Central Bank still considers that the level of bank liquidity high,
Teshrh as well as real interest rates low of undesirable effects on economic activity (ie, nominal interest rate minus the inflation rate), The influential sources contribute to the high level of inflation caused by the overall demand in the economy. "

The statement added, "Therefore, the senior Iraqi Central Bank, next month, to raise the interest rate has (interest rate monetary policy) by four percentage points. to read (16%). "
He pointed out that this increase was "at the same time accompanied by commensurate changes in interest rates and nightly interest rates on credit first."

The Iraqi Central to adopt "a tight monetary policy, particularly in the area of prices Interest, will commercial banks to make fundamental adjustments in interest rates with various bank. Including interest on savings deposits. "

The statement alluded to the Central Bank that it would be "other adjustments" on interest rates has in the coming period "if they did not show a decline in inflation indicators."

ÇáÈäß ÇáãÑßÒí- ÊÖÎã ( ÅÞÊÕÇÏ) :: Aswat al Iraq :: Aswat al Iraq

Boards of Basrah, Dhi Qar, Muthanna, Najaf meet

(Voice of Iraq) - 11-23-2006
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Boards of Basrah, Dhi Qar, Muthanna, Najaf meet in Cairo
Scheduled to meet in Cairo today, Thursday, more than fifty people from the boards of the governorates of Basra, Dhi Qar and Muthanna and Najaf to discuss improving the security situation and promote economic development in all areas of southern Iraq. A spokesman for the Department for International Development, which is leading the British team, said, "This conference, which lasts five days, is part of a series of conferences held in Iraq, Jordan and Lebanon".
The spokesman added that "the aim of the conference is to define a number of local officials in the provinces of Basra, Dhi Qar and Muthanna and Najaf on the experience of other countries successful in the area of local governance"
Radio Tigris