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

Originally Posted by Adster

No sympathy at all, they know the way round it, they need to get on and do it. A reval cures inflation, takes out black market selling, improves the economy and gives their people more buying power, how much easier can it be for facks sake??? Also find it will improve security.

THATS WHAT IVE BEEN SAYING!!!!

Talabani seeks Iran's help on Iraq security
TEHRAN, 27 November 2006 (Middle East Online)

Iraqi President Jalal Talabani visits Iran on Monday seeking Tehran's help in stemming the bloodshed in its war-ravaged neighbour, even as the United States accuses Iran of fomenting the turmoil.

Talabani's trip will last a "couple of days", his spokesman Hiwa Othman said. It will be his second visit to Iran as Iraqi president, and comes a year after he left Tehran with pledges to help his country battle the daily bloodshed.

The visit comes amid a flurry of diplomatic efforts by Washington and Baghdad aimed at finding a way to prevent the sectarian violence tearing at the very fabric of Iraqi society from descending into all-out civil war.

"The Islamic republic of Iran is already cooperating with the Iraqi government to help security in Iraq and the region", foreign ministry spokesman Mohammad Ali Hosseini said Sunday.

"If we are invited to cooperate in this matter, we will offer all our capabilities to Iraq," he added.

Talabani's visit was to have started on Sunday, but was postponed because of a curfew imposed on Baghdad after a series of car bombs in the capital's Shiite Sadr City neighbourhood on Thursday killed 202 people and wounded 256.

While Iran blames US-led forces in Iraq for the violence, Washington accuses Tehran and its ally Damascus of fuelling the anti-US insurgency and sectarian killings that have spiralled out of control in Iraq since the March 2003 ouster of Saddam Hussein.

Syria and Iraq announced last Monday that they were restoring diplomatic relations after a break of more than 25 years.

Iran also invited Syrian President Bashar al-Assad to visit at the same time as Talabani, but on Thursday Foreign Minister Manouchehr Mottaki said such a trip was "not on the agenda".

Tehran has so far resisted US calls to hold direct talks on Iraq, insisting that the source of the problem is the presence there of US troops and those of its allies.

"The only solution to Iraq's conflict is the unity of Iraqis, the departure of occupying forces and delivering the country's affairs into the hands of the elected Iraqi government," Hosseini said.

On Sunday Iranian President Mahmoud Ahmadinejad said the peoples of the Middle East and Afghanistan should join hands to drive foreign occupiers out of the region.

"The Iraqi, Lebanese, Afghan and Palestinian people must be helped. By helping each other, we can expel the occupiers," Ahmadinejad said in a speech to the Islamic volunteer Basij militia.

"Just look at Iraq. Ever since the corrupt foreigners arrived in Iraq, there has been nothing but corruption and death."

Talabani seeks Iran's help on Iraq security | Iraq Updates

Originally Posted by webinvestor

Exactly. You know, sometimes i think the Dinar hasn't RV'd yet because of us. You know what i mean? After the new currency was issued it was devalued for a number of valid reasons. Suddenly an opportunity arises for speculators to get in on a possible revalue and appreactiation. Now, thousands of people (outside of Iraq) are in a position to become wealthy when a RV takes place. Lots of conservative people/groups try to warn people off and tell them it's a scam, you're throwing your money away, etc. I think some of the people in control of the RV do not like the fact that we will cash in big time after the new dinar is revalued. A RV will curb inflation, help curb black market selling, prevent dollarization, create more buying power within Iraq and much more. There are some very big egos in the political and financial arenas. I think some of these people in charge hate to admit we are right! Time will tell...

I understood that countries like the US also had a stash of dinar so I would say we are small fry compared to the big boys.....

Originally Posted by kiko

Agree, unbelievable how these guys don't get their shite done!

A RV tackles a whole bunch of problems including the violence.

Maybe you have to go over there Adster to kick some *sses and get it done ASAP!

i told him he should have taken care of shabibi in london!

Originally Posted by Dinar Duchess

I understood that countries like the US also had a stash of dinar so I would say we are small fry compared to the big boys.....

Think we are nothing compared with what is out there.

We are not the problem for the RV.

This government is the problem for the RV. They already must have passed a HCL and a FIL enacted.

But no, typical politicians. Only a lot of talking with no actions.

Originally Posted by webinvestor

Exactly. You know, sometimes i think the Dinar hasn't RV'd yet because of us. You know what i mean? After the new currency was issued it was devalued for a number of valid reasons. Suddenly an opportunity arises for speculators to get in on a possible revalue and appreactiation. Now, thousands of people (outside of Iraq) are in a position to become wealthy when a RV takes place. Lots of conservative people/groups try to warn people off and tell them it's a scam, you're throwing your money away, etc. I think some of the people in control of the RV do not like the fact that we will cash in big time after the new dinar is revalued. A RV will curb inflation, help curb black market selling, prevent dollarization, create more buying power within Iraq and much more. There are some very big egos in the political and financial arenas. I think some of these people in charge hate to admit we are right! Time will tell...

True, could well be right, we know back in the summer the ex-FM suggesting a zero lop, and he was ousted. We also read so many articles where the translation was easily changed to be worded to exactly how the big boys want it to be worded through the media. Why? Well, sure impatient fools offloaded!!

Bottom line is they have tried everything, and all in vain, their only option is to increase the value of the dinar. Sure they'll hate the thought of speculators cashing in. But let's face it, how many governments have forgiven debt and more so bought dinars behind closed doors? I was told years ago by a trading friend to 'follow the big money' in any investment. This is a perfect example. We small fish are on the backs of the sharks and whales. They will earn from it and so will we!

What other option do Iraq have but to swallow and live with it?

Former Iraqi PM Allawi discusses sectarian violence, ties with US, militias
27 November 2006 (BBC Monitoring)

"National salvation government"

Anchorwoman Sumar Jabir in the Dubai studio began by asking him if he was going to head a national salvation government in Iraq. Allawi replied: "I do not really know if there will be a salvation government. I think this is something the Iraqis themselves should decide. It has to be clearly noted that there is a big problem in Iraq and it is part of a general problem in the greater Middle East. There is serious tension in Iraq, which is a key country in the region. Any threat to security in Iraq will certainly pose a larger threat to security in the region. I agree with the British prime minister when he said there are two problems in the Middle East which need to be solved. These are the problem of Iraq and that of Palestine. The Iraqi politicians and those concerned with Iraqi affairs should evaluate what is happening in Iraq and find real solutions in order to avoid a disaster and prevent Iraq from slipping into the abyss."

Security plan needs "implementation mechanisms"

Responding to another question on the current government and if it should be changed if it does not succeed in maintaining security in the country, Allawi said: "Certainly, the country cannot continue to bleed in this manner. The situation in Iraq is really much worse than anticipated. Some opposed me six or seven months ago when I said Iraq is moving towards the brink of a civil war. What is important is the way to address the situation in Iraq and put an end to this tragedy. I have no knowledge of the measures taken by the government. I know about the national reconciliation that was proposed. I personally believe this is the essence of the Iraqi problem. The national reconciliation plan Prime Minister Al-Maliki thankfully proposed lacked implementation mechanisms. The national reconciliation plan ended up only by holding conferences and issuing statements in Amman, Cairo, Baghdad and elsewhere. The problem is not one of conferences; it is one of practical measures leading to reconciliation."

Sectarian strife

Asked if the problem in Iraq is political or sectarian, Allawi said: "Regrettably, one cannot but bitterly say there is a sectarian problem in Iraq. There is also a sectarian quota policy in the country. This sectarian quota policy and the other chaotic policies led to the present chaos in the political situation in Iraq and this reflected on the security situation in the country. We have now reached a serious level of threat that is sweeping through Iraq and the region. If we ask the neighbouring countries, we will find that hundreds of thousands of Iraqis have started a systematic emigration from Iraq." He then called on world decision-makers to meet and find real solutions to the situation in Iraq. He added that the spectre of civil war, death and destruction was hanging over all parts of Iraq with the exception of Kurdistan.

On the way he thinks the situation in Iraq can improve, Allawi said: "This is a two-tier issue. The first is that the Iraqi side should come up with ideas on how to keep Iraq away from sectarian quotas. Iraq also needs to uphold the law and build the state of law. It should build modern state institutions that can protect Iraq and the Iraqi citizens. It should avoid factional, sectarian and ethnic quotas and give priority to security and public services. The second is that we need the support of regional and neighbouring countries and the international community." He then called for reconsidering the mechanisms used to implement the decisions made at the Sharm al-Shaykh conference on Iraq. He also called for holding an international conference to discuss the crisis of Iraq and said the United States needs to review its entire strategy in Iraq and elsewhere.

Ties with USA, militias, violence

Asked if he expects a change in the US policy towards Iraq and if the United States has disappointed him, Allawi said: "No, not at all. Let me be clear on this point. Criticizing the US policy is something and viewing the United States as an enemy is something else. I believe that the United States is a key and important country. We must work for friendship with the United States and maintain this friendship. We must also make the United States understand the true situation in the region so that we, together with the United States and other countries, can reach a balanced and peaceful situation in the whole region. The United States made mistakes and someone has to alert it to its mistakes."

On whether Iraq will be partitioned, especially in view of talk about federalism, Allawi said: "Regarding the principle of federalism, centralization or decentralization and matters related to the future of Iraq, we have no problem with what the Iraqi people decide, but the people should decide matters under normal and stable circumstances."

Asked about the issue of militias in Iraq and who he blames for the failure to disband them, Allawi said: "Before I hold this or that side responsible for this, I have to say that violence in Iraq is not caused only by the militias. There is also terrorism and there are terrorist takfiris who kill people randomly in Iraq. Third, there are ordinary criminals as a result of the absence of authority, law and justice and these commit crimes in Iraq. Therefore, violence in Iraq has become a complex issue." He added that the issue of militias should be solved on the basis of a clear policy towards terrorism. He added that this issue could be solved by taking "decisive executive measures" by using force and dialogue, finding economic alternatives and drawing up a clear policy towards the issue of "resistance". Asked why he is in London, Allawi said he is there for medical treatment and to visit his family. He added that he would soon return to Iraq.

Former Iraqi PM Allawi discusses sectarian violence, ties with US, militias | Iraq Updates

Originally Posted by kiko

Opening electrical project in the northern districts of Najaf
Najaf - (Voices of Iraq)
27/11/2006

The official spokesman for the governorate of Najaf that today, Monday, the opening of the draft Electricity northern districts in the province at an estimated cost of about 80 million dinars.
He pointed Deibel News Agency (Voices of Iraq) Independent "today, the opening of the draft Electricity northern districts (Christmas, FAO and the appeal), which at a cost of 80 million dinars. "

He added, "The Ministry of Industry to provide the catalytic project, generators and took its 100th day."
He pointed out that "more than two thousand houses in the three districts will benefit from this project."
ÇáäÌÝ - ãÔÑæÚ :: Aswat al Iraq :: Aswat al Iraq

thats $56,000 at todays rate for energy to power more than 2,000 homes isnt it? not even $28 a house, sign me up!!

Hello everyone. I received this question.

"As the Ministry of Finance purchases dinar from the CBI in exchange for dollars (dollars it receives from oil exports, as oil is traded in dollars), as its domestic expenditures are largely in dinars, aren't the dinars that the CBI receives in these auctions being put right back into the economy via the MoF"?

As we have seen, the CBI has removed a small amount of dinar in todays auction from a small number of banks. The exchange rate has dropped slightly. This continues to support our position that the dinar is drying up and we are at the end of a process where large amounts of dinar are available to be removed. We are looking for what we don't see, not from what we do. We do not see a large number of banks in the auction. We are not seeing a large aount of dinar being transacted. Just like we stated yesterday. This IS what you would expect prior to an adjustment in the dinar, i.e. an RV. Since the GOIs budget is around 40 Billion a year, excess money obtained by the MOF (GOI) is deposited with the CBI. The MOF can exchange a portion of that money for dinar to pay expenses. If oil monies are in excess of expenses, (which they are) then excess monies can be used for other things, increase currency reserves, retire outstanding debt, buy excess dinar from the economy and reduce the base money suppy. Or give the Iraqi people a 10000 grant/gift. (Which hasn't happened). All in all, a formula for economic health that few countries can achieve in the developing world. How long will this go on? We do not know. But, they (CBI) are not selling dinar so I would expect that the "pipeline" to the dealers will eventually dry up, since the CBI is the ultimate source of dinar. The dealers might have pools of dinar for a while, but that can't last forever. Additionally, this process of removing dinar while maintaining large amounts of currency reserves will eventually come to the attention of the large currency traders and demand should begin to increase (so will price). Have a good day. We will see if this week continues to support this trend. Your comments are always appreciated. thank You.

Originally Posted by shotgunsusie

thats $56,000 at todays rate for energy to power more than 2,000 homes isnt it?

Yep, not much isn't it? Unless...