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

Originally Posted by PopaDinar

Announcement No.(812)

D.G. of Foreign Exchange Control

The 812 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 23 so the results were as follows :

Details Notes
Number of banks 6 -----
Auction price selling dinar / US $ 1441 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 5.290.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 5.330.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(1.290.000) at a rate of(1441+1+10=1452)IQD\USD .
The amount sold to make transfers abroad was USD (4.000.000) at a rate of (1441-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

3 Dinars better, the lowest volume since 2 Feb 2005, and only 6 banks involved. I think the dinar well is running dry, and banks are holding for a big RV very soon! Could our RV rumor for Dec 12-14 ($1.49 look in the rumors section "RV excitement", pg.12, post 114) actually be our end game?

Here's to our good fortune, and Happy Holidays to each and every one of you, and your families, here at Rolclub!.

Originally Posted by kiko

Wow, look at the amount and number of banks. Looks like we are in the drying up period.

HCL today on the program and hopefully it will pass today because time is running out.

Press statement yesterday about lower denoms.

Maybe a RV this weekend.

From your mouth to God's ears Kiko....hopefully this weekend....what a fantastic Thanksgiving it would make for all.

Originally Posted by CharmedPiper

What a great surprise...CBI posted 1-1/2 hours or so early, only 6 banks, 5 million.....I think they are scraping the bottom of the barrel now gang. At this rate there is no way it can last until Mid December.....I'm still in for a November reval.

Im all with you my friend! The sooner the better.

Originally Posted by jsfletcher

and only 6 banks. Is there any significance in that?

I'm sure there is, but the Nyquil is keeping me from thinking it all the way through. What we don't know, and never have known is what banks are participating? State owned, private, etc... I will have to sleep on this, but for sure something is up...

Dan

Originally Posted by _Apollo_

I'm sure there is, but the Nyquil is keeping me from thinking it all the way through. What we don't know, and never have known is what banks are participating? State owned, private, etc... I will have to sleep on this, but for sure something is up...

Dan

Here is a partial answer. Truck and Barter: Doing Business in Iraq

Note the large numbers in red.....why is this auction showing a difference in the 2 numbers where in past auctions those 2 specific numbers would match for the day????? Is this anything significant. Is this saying that the CBI made the higher offer of amount to buy but the banks only had the lesser number to offer....Is this the sign of a dried up circulated dinar (not enough circulated dinar left for the CBI to pull back in).....Let's hope!!!!

COMPARISON OF LAST 14 AUCTIONS.....

Number of banks:
11/2/06 (16)
11/7/06 (14)
11/8/06 (20)
11/9/06 (14)
11/12/06 (10)
11/13/06 (17)
11/14/06 (15)
11/15/06 (19)
11/16/06 (12)
11/19/06 (12)
11/20/06 (12)
11/21/06 (15)
11/22/06 (11)
11/23/06 (6)

Auction price selling dinar / US
11/2/06 $1470
11/7/06 $1468
11/8/06 $1466
11/9/06 $1465
11/12/06 $1465
11/13/06 $1465
11/14/06 $1460
11/15/06 $1455
11/16/06 $1454
11/19/06 $1452
11/20/06 $1449
11/21/06 $1446
11/22/06 $1444
11/23/06 $1441

Auction price buying dinar / US
11/2/06 $----- -----
11/7/06 $1466
11/8/06 $1464
11/9/06 $------ -----
11/12/06 $1463
11/13/06 $1463
11/14/06 $------ -----
11/15/06 $------ -----
11/16/06 $------ -----
11/19/06 $------ -----
11/20/06 $------ -----
11/21/06 $------ -----
11/22/06 $------ -----
11/23/06 $------ -----

Amount sold at auction price (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000
11/12/06 24.880.000
11/13/06 110.265.000
11/14/06 62.540.000
11/15/06 64.960.000
11/16/06 39.945.000
11/19/06 31.495.000
11/20/06 56.765.000
11/21/06 50.115.000
11/22/06 11.435.000
11/23/06 5.290.000

Amount purchased at Auction price (US $)
11/2/06 -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------
11/12/06 2.500.000
11/13/06 2.600.000
11/14/06 ------
11/15/06 ------
11/16/06 ------
11/19/06 ------
11/20/06 ------
11/21/06 ------
11/22/06 ------
11/23/06 ------

Total offers for buying (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000
11/12/06 24.880.000
11/13/06 110.265.000
11/14/06 62.540.000
11/15/06 64.960.000
11/16/06 39.945.000
11/19/06 31.495.000
11/20/06 56.765.000
11/21/06 50.115.000
11/22/06 11.435.000
11/23/06 5.330.000

Total offers for selling (US $)
11/2/06 ----- -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------ -----
11/12/06 2.500.000
11/13/06 2.600.000
11/14/06 ------ -----
11/15/06 ------ -----
11/16/06 ------ -----
11/19/06 ------ -----
11/20/06 ------ -----
11/21/06 ------ -----
11/22/06 ------ -----
11/23/06 ------ -----

US Dollar
USD
11/2/06 1470.000
11/2/06 1469.265
11/7/06 1470.000
11/7/06 1469.265
11/8/06 1468.000
11/8/06 1467.266
11/9/06 1466.000
11/9/06 1465.267
11/12/06 1465.000
11/12/06 1464.268
11/13/06 1465.000
11/13/06 1464.268
11/14/06 1465.000
11/14/06 1464.268
11/15/06 1460.000
11/15/06 1459.270
11/16/06 1455.000
11/16/06 1454.273
11/19/06 1454.000
11/19/06 1453.273
11/20/06 1454.000
11/20/06 1453.273
11/21/06 1449.000
11/21/06 1448.276
11/22/06 1446.000
11/22/06 1445.277
11/23/06 1444.000
11/23/06 1443.278

The Wasit will entertain requests for investors to set up projects
Abdel Jabbar Safrani

An official in the Wasit governorate today, Thursday, the council started to receive requests for the Iraqi investors to set up projects in the governorate of different areas.

She said Ms. sincerity Fleih Shamari Council member News Agency (Voices of Iraq) to the Independent Board began yesterday, Wednesday, the receipt of requests for investors and study those requests in preparation for final approval.

She added, "A number of Iraqi investors several offers to set up strategic projects in the province, and examined the investment made in advance of a group of six Iraqi companies specialized in the fields of industry, poultry, dairy products, meat and approved in principle."

Shamari, did not explain how the investment will be and when are the direct implementation of those projects and extended delivery and cost and whether there was a deadline for receiving applications for the construction of projects.

She said, "Council is currently considering offers from other investment including the creation of a civilian airport and the rehabilitation of agro-industrial company Dujailah in hand Dujailah (29 km south-east of Kut)."
The board Wasit governorate expressed his desire earlier promise to transform the military airport to a civilian airport conservatism.
Airport is located omens military after 60 km south-east of Kut lies with the company Dujailah in hand and Wasit called Baldjelh known company b (Dujailah agro-industrial complex), a project executed by a Yugoslav company in the eighties of the last century.

The project includes a station of cows and barns for raising calves and sheep in addition to agricultural land more than 30 thousand dunums The project is the only one of its kind in Iraq.

æÇÓØ-ÇÓÊËãÇÑ :: Aswat al Iraq :: Aswat al Iraq

Britain may hand over Basra next spring
LONDON, 23 November 2006 (Middle East Online)

Britain could transfer control of the southern Iraqi city of Basra to the Iraqi government by early next year, British Foreign Secretary Margaret Beckett said Wednesday.

But a Foreign Office spokesman warned the move would not lead to rapid troop withdrawal from the troubled province, adding a more likely timetable for a substantial reduction of the British military presence was a year or 18 months.

Britain has already handed control of two provinces in its zone to Iraqi forces, Dhi Qar and Al-Muthanna, and Beckett told lawmakers in the House of Commons that Maysan, in southeast Iraq, and southern Basra may soon follow.

"In our own area of responsibility, we expect Maysan to follow in January and the progress of the current operation in Basra gives us confidence that we may be able to achieve transition in that province too at some point next spring," she said.

Britain, which joined the United States-led invasion of Iraq in March 2003 despite significant opposition from lawmakers and the public, has just over 7,000 troops stationed around Basra.

The process of transferring security to Iraqi forces was "well under way", Beckett said, adding that US-administered Najaf, in the south, was set to be transferred next month.

A Foreign Office spokesman said any such moves would depend on conditions on the ground.

"I don't think you should expect a troop withdrawal as soon as that happens," he said, adding: "We will keep an overwatch and help with training.

"Ultimately, at some point in the future, we will leave as we have said all along ... The aim is to stay as long as we are needed," he said, forecasting a more substantial cut in a year to 18 months if conditions were right.

A Ministry of Defence spokeswoman said it was too early to say what effect any such move would have on troop numbers.

Beckett stressed Britain must "hold our nerve in this critical period".

"There is no question of us cutting and running from Iraq - to do so would be an act of gross irresponsibility, abandoning the Iraqi people to bloodshed perhaps even worse than we see today," she added.

In October, Iraqi Deputy Prime Minister Barham Saleh said Iraqi security forces would take charge of nearly half of the country's provinces by the end of the year.

But in response, Prime Minister Tony Blair's official spokesman insisted authorities were not working to an "arbitrary deadline" and it was up to the Iraqi government to judge when it was ready to assume control of security.

The United Nations said Wednesday that October was the worst month for civilian deaths since the invasion when 3,709 people were killed.

Britain may hand over Basra next spring | Iraq Updates

Iran touts 3-way summit on Iraq ahead of Bush meeting with Iraqi prime minister
23 November 2006 (AP Worldstream)

Iran touted its weekend summit with Iraq and Syria, moving to secure a larger role in the region just as U.S. President George W. Bush prepares to head to the Mideast for meetings on reducing American involvement in Iraq.

The Iranian parliamentary speaker, Gholam Ali Haddad Adel, told the official Islamic Republic News Agency that Saturday's summit in Tehran is designed to bring Iran, Syria and Iraq closer together. "We hope the summit will boost relations between the three countries," he said.

Iranian analyst Ahmad Bakhshayesh said the government has more specific aims.

"Iran wants to increase its influence in Iraq," said Bakhshayesh, a professor of political science at Allameh University in Tehran. "It also wants to support the government in Iraq so it can stand on its own feet after the United States has withdrawn its forces."

The editorial writer in the conservative Kayhan newspaper went further, writing in Wednesday's edition that the summit would "shake the U.S. president" as he faces strong disapproval of his war strategy.

The United States insists Iran and Syria are helping fuel the turmoil in Iraq, and it wants Iraqi leaders to send a strong message to Tehran to stop interference. Iran is believed to give backing to Shiite militias accused in Iraq's sectarian violence, and Syria is accused by the U.S. of turning a blind eye to Iraqi insurgents that use its territory as a base.

At the same time, the Bush administration is under increased pressure at home to open a dialogue with Iran and Syria to help calm Iraq. The Tehran summit may be an attempt by Iranian President Mahmoud Ahmadinejad to show that any dialogue over his country's role in Iraq will be on his terms.

Iraqi lawmakers revealed the Iranian invitations on Monday and said Iraqi President Jalal Talabani, a Kurd, would attend. Participation of Syrian President Bashar Assad has not been confirmed, but Talabani's aides, speaking on condition of anonymity because of sensitive negotiations surrounding the meeting, said he would be there.

A day after the Iranian summit plans became known, the White House announced that Bush and Iraqi Prime Minister Nouri al-Maliki would hold talks next week in Amman, Jordan.

White House staff traveling with Bush as he returned from an Asian trip said the meetings would take place next Wednesday and Thursday and focus "on current developments in Iraq, progress made to date in the deliberations of a high-level joint committee on transferring security responsibilities, and the role of the region in supporting Iraq."

Bush had hoped to be able to announce U.S. troops withdrawals by now. Instead, in the war's fourth year, the administration is weighing whether to beef up American forces, which number more than 140,000. Bush said this week he has not decided on any troops buildup or cutback.

National security adviser Stephen Hadley said the two leaders would talk about how to move forward "in a more effective and expeditious way." Hadley said the idea of a summit came up in the last week or so.

Dissatisfaction with the war was seen as a major factor in the Republican loss of Congress in the Nov. 7 midterm elections. Many Americans are frustrated by the relentless violence and the inability of Iraqi forces to take over security responsibilities from U.S. forces. More than 2,800 Americans have died in Iraq since the U.S.-led invasion in 2003.

A blue ribbon panel on Iraq, led by former Secretary of State James A. Baker III and former Democrat Representative Lee Hamilton, will soon release recommendations on U.S. options in Iraq. The proposals are expected to include openings to Syria and Iran in a bid to internationalize efforts to put an end to the sectarian conflict.

Ahmadinejad seems to have calculated that it would be best if he and Assad and Talabani tried to coordinate their positions before the United States knocks on the door.

Hadley told reporters Wednesday that Iraq would have a message for Iran and Syria.

"We think it is important that Iraq be speaking directly to these countries and making it clear to them that they need to play a positive role in seeking security, stability and democracy in Iraq," Hadley said.

Although Iran admits to only political and religious links with Iraqis, Washington believes that its government is deeply involved in training, funding and arming the two major Shiite militias in Iraq.

Predominantly Shiite Tehran has long-standing ties to Iraq's political leadership. Many Iraqi Shiites spent years in Iranian exile during Saddam Hussein's Sunni-dominated regime. One militia, the Badr Brigade, was trained in Iran by the Revolutionary Guard.

Syria, which restored diplomatic ties with Iraq this week after nearly a quarter century, is alleged to have done little to stop foreign fighters and al-Qaida recruits from crossing its border to join Sunni insurgents in Iraq. Many top members of Saddam's rule took refuge in Syria after his overthrow in 2003 and are believed to have used Syria to organize the flow of arms and funds to the insurgents.

Iran touts 3-way summit on Iraq ahead of Bush meeting with Iraqi prime minister | Iraq Updates

Man I am liking the looks of this!!!!!!!!!!!!!!!!!!!!!!!!!1