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

Originally Posted by www.xealthy.com

3:40pm now in Bagdad- still no change in the auctions- last dated is from Thursday 23rd.

Curfew still in effect?

Originally Posted by 2shoes

I was just thinking that the number of banks involved in the auctions has gone down a lot. If I'm correct there were from 17 - 14 banks buying & selling at the auctions. Now this last auction there were only "6". Any ideas or comments?

The lesser the banks during Auction time the lesser the Dinar for the CBI to retrieve. Hence "they don't want to sell."


Al

I've seen some good information about the quotes for the Dinar at Chase. I will check with the Exchanges here and get back to you as soon as I can.


Al

[B][COLOR="Blue"]The first political : Economists : the procedure is incapable of making a positive impact with the presence of high rates of inflation

Translated version of http://www.alsabaah.com/

وان قرار البنك المركزي الخاص برفع سعر الفائدة من 10 الى 12 في المائة جاء في محاولة كبح جماح التضخم، وأرى ان هذه الزيادة عاجزة عن احداث أي تأثير ايجابي، وهي غير مجزية، فالتآكل الذي يحدثه التضخم في رأس المال، اكبر من سعر الفائدة، وعليه فان هذه السياسة غير كافية في الحفاظ على القوة الشرائية للعملة العراقية.Although the Central Bank's decision to lift interest rates from 10 to 12% came in an attempt to curb inflation, I think that this increase is unable to make any positive impact, They are unprofitable, Valtakl impact of inflation in the capital. more interest rate, Therefore, this policy is not sufficient to maintain the purchasing power of the Iraqi currency.

advn traded today, and i did some currency converter snooping, the differences in rates given are sometimes pretty significant, the lowest i've seen is 1383.60 (ame) and 1444 (xe)......the bank is closed, how do these places get there info?

That raising interest rates would make matters worse, It will increase the cost of investment and production and reduces the efficiency of capital and of the internal rate of return for investment.

thanks jola!.....this part is interesting, they are raising the interest in hopes of curbing inflation, yet this says it would actually hurt them.....an rv is the way to go i tell ya.

AMMAN • Jordan and Turkey warned yesterday against dividing neighbouring Iraq along sectarian lines, saying that would spark civil war in the already violence-wracked nation and endanger the whole region.

“A division of Iraq would mean a descent into the abyss and a civil war that ... would also have dangerous repercussions for all neighbouring countries,” Jordanian Priem Minister Maaruf Bakhit told a press conference with visiting Turkish counterpart, Recep Tayyip Erdogan.

“We are coordinating with several countries in the region who want peace and stability for Iraq,” Bakhit said, without elaborating.

Many of Iraq’s neighbours fear rising violence combined with a constitution that enshrines federalism will lead to the country’s breakup into Shi’ite, Sunni and, of particular sensitivity to Ankara, Kurdish zones.

Erdogan warned that Turkey “will not accept a division of Iraq ... We consider a division of Iraq into three regions as the start of a civil war”.

Turkey has its own restless Kurdish minority, and many Kurdish separatist rebels are based in northern Iraq’s Kurdish autonomous area.

“Those who play a bad role to divide Iraq will never be pardoned, neither by history nor by humanity,” said Erdogan, in Jordan for a three-day visit during which he will also meet King Abdullah II.

“We cannot, as Iraq’s neigbour, remain neutral and we need to deploy efforts to help it out of the crisis,” he said, proposing a new meeting of Iraq’s neighbours to discuss the situation there.
Erdogan also announced that he would soon visit the Turkish peacekeeping contingent policing a ceasefire between Israel and Hezbollah, but did not say when.

The Peninsula On-line: Qatar's leading English Daily

I'm finally seeing other countries now wanting to control the violence in Iraq. Countries with in the middle east which I believe is a very positive.

If we ever THINK that our dinar investment will fail:

Translated version of http://www.alsabaah.com/

He said Deputy Prime Minister : "We in the Iraqi government well aware of our responsibilities and that failure is not among the options. Failure would mean a catastrophe, not only for Iraq, but for the region and the entire world. and that the Iraqi government has a comprehensive plan and the work with the international community, through the draft International Covenant with Iraq, which we hope will be soon. "

So - NEVER SAY NEVER!

Due to the curfew there is no ISX trading session tommorow.

Just received an e-mail that stock order will be executed in the trading session of the 29th on wednesday!

So curfew goes on for now!

Local news : police chief of Nineveh : We will not allow political parties to interfere in our

Mosul / long
The police chief of Nineveh, Major General Al-Hamadani sure that the loyalty of the police is to maintain all the people without discrimination or preference for one group over the other, "he added, while meeting the 58 to maintain the security agencies that operate in a professional interventions away from the political parties and forces, noting that the police forces operating from a national perspective for the application of Alka N. and restore security and order away from the influences or sectarian affiliations and the ethnic, political and Al-Hamadani added : that the police would not allow political parties to intervene in the currency except in the public interest. WHAT?!?!

On the security front, and fell the morning yesterday, Wednesday, a number of mortars near the home of the Governor of Nineveh, the center of the city, said a security source told (long) that the incident was only minor material damageIn another incident, three policemen were wounded after a bomb at the passing patrol in the area of Wadi stone right side of the city, according to a spokesman for the Police Information Nineveh.

Any clue what this may mean? An ordinary article then....BAM! Out of the blue!

Translated version of http://www.uruklink.net/

Cheers!
DayDream