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

I just called the main branch of ScotiaBank in Edmonton, Alberta, Canada inquiring about purchasing 5 mil IQD. ScotiaBank is supplied by Bank of America so I told Tracy, the lady I have dealt with in prior transactions, that there are rumors that BOA no longer has a supply. She said she would ckeck with BOA and call me right back. Within 3 minutes she called that she was informed by BOA that I can have whatever I want in IQD.
Sorry, but maybe tomorrow ----------- . I certainly sense that it won't be too many tomorrows before they will indeed say 'no more'.
1.61 !!!!

Originally Posted by railroad

I know what it use to mean

I damn near fell out of my chair! My sides are hurting!

someone tell yahoo the value
Yahoo! Finance Charts

I found this interesting comment on the 198 page study that someone posted last week....
http://www.gwu.edu/~nsarchiv/NSAEBB/...astructure.pdf
What made it interesting is that it was written in 2002 prior to the new currency being issued. Low and behold what have we seen this week happening with the EU? Hmmm

The European Union is showing signs of increasing interest in the Middle East as it extends its reach into Eastern Europe and Russia. Because of this passion for expansion there may be more willingness to renegotiate Iraqs foreign debts. Discussions on post Saddam economic arrangements frequently stress the need to lessen Iraqs foreign financial obligations. That is very nice. But why would creditors be willing to compromise their financial interests in this way? Tying this issue to the choice of foreign currency to which the dinar will be fixed may provide incentives for cooperation in this area. A more sophisticated alternative would be to engender a spirit "friendly rivalry" by fixing the dinar to both the dollar and euro in proportion to anticipated trade and financial transactions with those currency areas.

Cheers!
DayDream

Mustafa Abdul Rahman received the governor of Kirkuk on Monday, 27 / 11 in his office with a delegation of the Russian engineering company headed (Kostbn Luis fact that) the presence of Omar Saleh meat manager liquidator of Kirkuk.

At the beginning of the meeting, the company's head of the delegation pointed out that the company is one of the most prominent companies in the field of building oil refineries, the company expressed the readiness to participate in the reconstruction and rehabilitation of oil refineries in Kirkuk. and at the same time pointing to the cracks in the infrastructure of the province during his remarks while touring in the city.
On his part, the governor of Kirkuk : "It is not for the wrong policies pursued by the previous regime against the people of Kirkuk to the city was one of the most prominent Petrochemical cities in the region." He pointed out that the new Iraqi constitution might give scope for foreign investments and local governments pending controls such investments, which will contribute effectively in the implementation of projects, specifically including strategy.

It should be pointed out that the Russian company has a branch in the city of Sulaymaniyah province Cordstan.

ÊÝÇÕíá ÇáÇÎÈÇÑ

Originally Posted by CharmedPiper

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Iraq-Currency

Dollar demand up in Iraqi Cenbank daily auction
Baghdad, Nov 27,

(VOI) – Buying demand for U.S. dollars was higher in the Iraqi central bank daily auction on Monday, while the dollar rate continued its down trend dinars as the central bank moved on with the revaluation of the local currency.The Cenbank said in its daily statement the dollar demand reached $20.580 million compared to $5.330 million on Thursday.

The central bank covered all bids received from local banks which were $3.280 million in cash and $17.300 million in foreign transfers.

The exchange rate was at 1,439 dinars per dollar, two dinars down from Thursday’s session.

Last Thursday, Iraqi demand on dollars hit a new low for 2006 and the dollar rate was down three dinars amid expectations of lower demand for the U.S. currency.

You have to wonder why they would announce or even mention "revaluation" in an official press release. This could really cause alot of speculation. All it would take is one ForEx house to run with it and it would be out of control.

Having just reviewed another forum, I can say that I appreciate the manner in which the members of Rolculb conduct themselves. We have disagreements, debates, and opinions, but we do not bash and ridicule each other. Our attitude suggests a much higher class of people and I think in a very short period of time, at the RV party, we will all become very good friends. Thank you.

WHAT IS ARTICAL 140????

The president of the Parliament Cordstan Adnan Mufti said Cordstan parliament sent a letter to Dr. Nouri Al-Maliki Iraqi prime minister with regard to the implementation of article 140 of the Iraqi Constitution and the importance of their implementation during the period specified.

The mufti meeting today, Monday, 27 / 11 Cordstan to Parliament as a result of the special meetings of the Parliament Cordstan, held recently attended by Dr Mohammed Ihsan, Minister of the Territory for areas outside the region-one members of the Supreme Committee for the implementation of Article 140 of the Iraqi Constitution, the Permanent - has been sending a message to Nuri Capital so the Iraqi prime minister on the implementation of Article 140 and its importance, The letter noted that the Parliament and the political leadership Cordstan Alcordstaneh expressed concern about the delay in the implementation of the above-mentioned article and for the normalization of the situation in Kirkuk and other areas in Iraq, disputing it.

The Mufti said that the letter contains the observations of four task is the appointment of the Minister of Sports and Youth as the Special Representative of the Iraqi owners in the Higher Committee for the implementation of Article 140, and during the formation of the Committee under the chairmanship of the Iraqi Justice Minister and a number of other members, who represent the government, particularly Dr. Nuri al-Maliki.

The mufti added that they demanded in the letter that placed the amount allocated in the amount of $ 200 million at the disposal of the Supreme Committee for the above-mentioned article to enforce compatibility functions of the Committee and to compensate the Arabs in Kirkuk and visitors returned to their areas of origin, He said, "regrettably did not distract from the amount stated only $ 29 million, as we know that this amount is not enough to lift the functions of the Committee."

The Mufti pointed out that the appointment of another member of the Supreme Committee without the knowledge and consent of the other members of the Committee.

ÊÝÇÕíá ÇáÇÎÈÇÑ

could be interesting if you can translate a pdf

The draft constitution of the territory Cordstan-Iraq

http://www.pukmedia.com/arabicnews/24-9/dastur.pdf

if you can please share findings, thank you in advance

what ever happened to "the pessimist will be surprised"

Annan : Iraq on the brink of civil war

(Voice of Iraq) - 11-27-2006
This issue was sent to a friend

UNITED NATIONS (Reuters) - Secretary-General of the United Nations Kofi Annan on Monday that Iraq is on the brink of civil war has dropped in the middle unless urgent steps are taken to avoid this.

He said Annan told reporters in response to the question, "in the light of developments on the ground unless something is done urgently and drastically to stop the deterioration of the situation has reached the point of (civil war), but we almost, in fact, come to that."

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