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

Al-Maliki discuss with the political developments and reconciliation efforts
Baghdad - (Voices of Iraq)

Prime Minister Nuri al-Maliki today, Tuesday, with the President of Kurdistan Mr. Masoud Albarazani developments in the political process and the efforts of national reconciliation and reconstruction projects in Kurdistan.

A statement issued by the prime minister received news agency (Voices of Iraq) independent copy That Maliki met Barzani in Baghdad. where was "discussed developments in the political process and the efforts of national reconciliation and reconstruction projects."

He added : "We also discussed ways to strengthen the two sides economic situation and coordination between the bodies concerned in the central government and the territorial government in the areas of finance and economic development."

The statement pointed out that the meeting was attended by Prime Minister Najirfan Barzani's Kurdistan and a number of ministers of the region and members of the National Council of Kurdistan, It was also attended by the central government in Baghdad and the ministers of finance, trade, planning, higher education, scientific research and a number of members of the House of Representatives of Iraq.

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Originally Posted by DayDream

Adster, My sister lives 1 block from the beach and it still gets cold there in the winter months....40 degrees and Portugese do not have heat in their homes! She has to wear layered clothes through the winter to stay warm. Still wanna live there?

Cheers!
DayDream

Thanks, our pad will have heating! Don't mind cold, just wanna see the sun!!!

Originally Posted by panhead

If this thing starts at .04, your mission if you decide to accept it will be
to run downstairs and kick Susie square in the backside then promptly hide
her stash!
.04 is unacceptable

I understand this sounds harsh, but drastic times call for drastic measures.

are you nuts ??? and susie already has her dinar stashed in the lower 48 !
i agree with you .04 seems low but like i said i will be ok with it cash some in my guess is about 25% pay everthing off and see what the future brings the one thing i know i wont do is kick susie anywhere i am not tuff enough for that ..

Originally Posted by H2O_Lover

are you nuts ??? and susie already has her dinar stashed in the lower 48 !
i agree with you .04 seems low but like i said i will be ok with it cash some in my guess is about 25% pay everthing off and see what the future brings the one thing i know i wont do is kick susie anywhere i am not tuff enough for that ..

Seriously though.....the .04 rate doesn't sense to me because it would signal the large investors to jump in too early, following that thought they could open at 1.5 and still have people tripping over themselves to purchase
dinar.

The .04 rate won't help Iraq as much as 1.5......they still gotta rebuild
their country.

Originally Posted by Adster

Anything missing???


1. October 15th. 3 year anniversery of the New Iraqi Dinar.
2. October 19th. Religious leaders meet in Mecca to endorse a call for an end to all sectarian bloodshed
3. October 24th. End of Ramadan.
4. October 30-31. IAMB meeting. (Article V111 done and dusted?)5. End of October. ICBG to launch by end of October.
6. FIL passed 10 October, we were told it would take a month to be officially enacted, so we're looking at around 7/11 for announcement in the Gazette, still nothing, emabargoed??
7. Saddam verdict 5/11, to be hanged within month or 2.
8. Week beginning 5 November, distribution of ration cards........still nothing.
9. Rumour of BoA selling dinars from 13/11, we were told they'd only be dealing with dinars once it was 'trading' internationally........
10. EU Trade signing 20/11.
11. Rate all time high, gone from 1477 to 1439 since 2/11. Article, stating 'Revaluation' has started.
12. 29/11 big meeting with Rice and Bush in Amman......
13. End of November. International Compact for Iraq signed, sealed and delivered, or was it signed 31/10??????? Looking at mid December for this. Hopefully debt forgiveness by Saudi and Kuwait as well.
14. December 12/13th. DFI is turned over to the GOI, extended till 2007.....
15. December 31 end of year 1345 IQD to 1 USD CBI/IMF projection achieved.
16. Oil Law by end of the year.
17. Jan 1st. Beginning of a new fiscal year.
18. March 22, 2007. Iraq's IMF Stand-By Arrangement expires
19. 2008. Iraq begins making large IMF fund payments.

Adster...I posted this last night and have yet to get any comment on it...

Originally Posted by DayDream
Al-Maliki also requested one-year extensions for the International Advisory and Monitoring Board and the Development Fund for Iraqi until Dec. 31, 2007. The Security Council authorized the board in May 2003 to ensure the "transparent" operation of the Development Fund, which was set up to receive Iraq's oil revenue and frozen assets from Saddam's regime and is now controlled by the Iraqi government.

The prime minister also reiterated Iraq's call for the council to stop using the country's oil revenue to pay compensation to victims of the 1991 Gulf War and the salaries of U.N. weapons inspectors.

Iraq wants U.N. Security Council mandate - Yahoo! NewsWouldn't this mean they accepted Article VIII?

So in regards to #4, is it done and dusted? We've been waiting on confirmation on it and I believe this gives it, seeing that the frozen assets were placed into this Development Fund along with the oil revenue. Please please comment, its driving me nutso.

Cheers!
DayDream

Bush says U.S. won't pull out of Iraq

RIGA, Latvia - President Bush, under pressure to change direction in Iraq, said Tuesday he will not be persuaded by any calls to withdraw American troops before the country is stabilized.

"There's one thing I'm not going to do, I'm not going to pull our troops off the battlefield before the mission is complete," he said in a speech setting the stage for high-stakes meetings with the Iraqi prime minister later this week. "We can accept nothing less than victory for our children and our grandchildren."

A bipartisan panel on Iraq is finalizing recommendations on Iraq. The group led by former Secretary of State James Baker III and former Rep. Lee Hamilton, D-Ind., plan to present ideas to Bush next month.

The commissioners are expected to debate the feasibility of withdrawal timetables.

Recent U.S. elections added fuel to the argument from Democrats that U.S. soldiers need to come home. But Bush has resisted that, even while projecting the need for a different approach.

"We'll continue to be flexible and we'll make the changes necessary to succeed," the president said.

Bush pushed back against skeptics of his goal of spreading freedom across the Middle East. "I understand these doubts but I do not share them," the president said.

In Riga to attend a NATO summit, Bush also enlisted renewed commitments from the NATO allies that have deployed 32,000 troops to Afghanistan. He said NATO commanders must have the resources and flexibility to do the job — an apparent reference to the fact that only a handful of countries — primarily Canada, Britain, the United States and the Netherlands — are doing much of the heavy lifting in the dangerous southern provinces against a resurgent Taliban.

"Defeating them will require the full commitment of our alliance," Bush said.

The countries fighting in the south want others, such as Germany, France, Italy and Spain, that are operating in more secure northern areas, to reduce restrictions on their forces to give NATO commanders more flexibility to use them where they're most needed.

Bush said he hoped the alliance will be able to offer membership to Croatia, Macedonia and Albania in 2008.

Speaking from Russia's doorstep in a former Soviet republic, he also reiterated U.S. support for future NATO membership for Georgia, as well as Ukraine if it makes the necessary democratic reforms.

"The United States believes in NATO membership for all of Europe's democracies that seek it," the president said.

Bush has two days of meetings with Iraqi Prime Minister Nouri al-Maliki later in the week.

Earlier Tuesday, Bush blamed the escalating bloodshed in Iraq on an al-Qaida plot to stoke cycles of sectarian revenge, and refused to debate whether the country has fallen into civil war.

Jordan's King Abdullah, hosting the Bush-al-Maliki summit, has warned that the new year could dawn with three civil wars in the Mideast — with one in Iraq added to those already ongoing in Lebanon and between the Palestinians and Israelis. The country is reeling from the deadliest week of sectarian fighting since the war began in March 2003.

Bush, dodging a direct answer of whether a civil war exist, tied the three conflicts together in a different way. He said recent strife in Lebanon and the heated up Israeli-Palestinian dispute are, like Iraq, the result of extremists trying to choke off democratic progress.

"No question it's tough, no question about it," Bush said at a news conference with Estonian President Toomas Hendrik Ilves. "There's a lot of sectarian violence taking place, fomented in my opinion because of these attacks by al-Qaida, causing people to seek reprisal."

The president dated the current spike to the Feb. 22 bombing of a sacred Shiite shrine in Samarra, which triggered attacks and reprisal counterattacks between the Shiite majority and Sunni minority, and raised fears of civil war.

Bush said he will ask al-Maliki to explain his plan for quelling the violence.

"The Maliki government is going to have to deal with that violence and we want to help them do so," the president said. "It's in our interest that we succeed."

Directly seeking help from Iran and Syria with Iraq, as part of new, aggressive diplomacy throughout the region, is expected to be among the recommendations of the Baker-Hamilton group.

But Bush repeated his administration's reluctance to talk with two nations it regards as pariah states working to destabilize the Middle East.

Iran, the top U.S. rival in the region, has reached out to Iraq and Syria in recent days — an attempt viewed as a bid to assert its role as a powerbroker in Iraq.

The president said Iraq is a sovereign nation, free to meet with its neighbors. "If that's what they think they ought to do, that's fine," he said. "One thing Iraq would like to see is for the Iranians to leave them alone."

The president added that the U.S. will only deal with Iran when they suspend their program of enriching uranium, which could be used in a nuclear weapon arsenal.

"The Iranians and the Syrians should help — not destabilize — this young democracy," he said.

Iran's state-run television, however, quoted Iraqi President Jalal Talabani as saying "we are in dire need of Iran's help in establishing security and stability in Iraq." The comments came after Talabani met Monday with Iranian President Mahmoud Ahmadinejad in Tehran.

Far from reaching out to Iran and Syria, Bush also denounced them for trying to destabilize the fragile, Western-backed government in Lebanon.

"That government is being undermined, in my opinion, by extremist forces encouraged out of Syria and Iran," Bush said. "Why? Because a democracy will be a major defeat for those who articulate extremist points of view."

The New York Times on Monday quoted a senior U.S. intelligence official who said the Iranian-backed Hezbollah had been providing training for the Mahdi Army, the Iraqi Shiite militia led by anti-American cleric Muqtada al-Sadr. The anonymous official told the Times that 1,000 to 2,000 Shiite fighters had been trained in Lebanon by Hezbollah, also backed by Syria.

Bush arrived in Latvia after a brief stopover in Estonia, also a former Soviet republic with troops in Iraq and Afghanistan.

An issue of high concern in central and eastern European countries is their lack of participation in a U.S. visa waiver program that allows business travelers and tourists to enter the U.S. for months using only a passport. Ilves said it is something his country "constantly has been raising" with the United States. The subject came up again in Bush's meetings in Latvia with President Vaira Vike-Freiberga.

Bush promised to try to convince Congress to add more countries, like Estonia, to the program by adding new security elements to overcome wariness in the aftermath of the Sept. 11, 2001, attacks.

Bush says U.S. won't pull out of Iraq - Yahoo! News

Dinar-Excited

Originally Posted by DayDream

Adster...I posted this last night and have yet to get any comment on it...

Originally Posted by DayDream
Al-Maliki also requested one-year extensions for the International Advisory and Monitoring Board and the Development Fund for Iraqi until Dec. 31, 2007. The Security Council authorized the board in May 2003 to ensure the "transparent" operation of the Development Fund, which was set up to receive Iraq's oil revenue and frozen assets from Saddam's regime and is now controlled by the Iraqi government.

The prime minister also reiterated Iraq's call for the council to stop using the country's oil revenue to pay compensation to victims of the 1991 Gulf War and the salaries of U.N. weapons inspectors.

Iraq wants U.N. Security Council mandate - Yahoo! NewsWouldn't this mean they accepted Article VIII?

So in regards to #4, is it done and dusted? We've been waiting on confirmation on it and I believe this gives it, seeing that the frozen assets were placed into this Development Fund along with the oil revenue. Please please comment, its driving me nutso.

Cheers!
DayDream

May well have been signed but until the fil, oil law and IC it won't come out into the open.

The hydrocarbon law opens the door for the big boys. I'm sure in it there will be details of payments via dinars for oil. We see that, then the sky is the limit to how high this baby will go.

But even IF they revalued tomorrow we'll still be able to cash in, article VIII or no article VIII.

Check out this page of links... If you like to research, this will keep you busy for a while..... Pogo

Future of Iraq Portal

27 November 2006 (Al-Adala)

The Iraqi dinar (ID) kept the same exchange price of last Thursday of 1465 ID per one U.S. dollar in the first auction of this week.

The Central Bank of Iraq's (CBI) sales of U.S. dollars decreased to reach 24,880,000 whereas they totaled $70,180,000 last Thursday.

Only 10 banks participated in the Sunday auction whereas 14 banks participated in last Thursday's auction.

Iraqi dinar exchange price stable in CBI auction | Iraq Updates

Does anyone know whats wrong with this picture? Give up?
THERE WAS NO SUNDAY AUCTION ACCORDING TO THE CBI!!! (or was there? )

Cheers!
DayDream

Originally Posted by Dinar-Excited

Bush says U.S. won't pull out of Iraq

RIGA, Latvia - President Bush, under pressure to change direction in Iraq, said Tuesday he will not be persuaded by any calls to withdraw American troops before the country is stabilized.

"There's one thing I'm not going to do, I'm not going to pull our troops off the battlefield before the mission is complete," he said in a speech setting the stage for high-stakes meetings with the Iraqi prime minister later this week. "We can accept nothing less than victory for our children and our grandchildren."

A bipartisan panel on Iraq is finalizing recommendations on Iraq. The group led by former Secretary of State James Baker III and former Rep. Lee Hamilton, D-Ind., plan to present ideas to Bush next month.

The commissioners are expected to debate the feasibility of withdrawal timetables.

Recent U.S. elections added fuel to the argument from Democrats that U.S. soldiers need to come home. But Bush has resisted that, even while projecting the need for a different approach.

"We'll continue to be flexible and we'll make the changes necessary to succeed," the president said.

Bush pushed back against skeptics of his goal of spreading freedom across the Middle East. "I understand these doubts but I do not share them," the president said.

In Riga to attend a NATO summit, Bush also enlisted renewed commitments from the NATO allies that have deployed 32,000 troops to Afghanistan. He said NATO commanders must have the resources and flexibility to do the job — an apparent reference to the fact that only a handful of countries — primarily Canada, Britain, the United States and the Netherlands — are doing much of the heavy lifting in the dangerous southern provinces against a resurgent Taliban.

"Defeating them will require the full commitment of our alliance," Bush said.

The countries fighting in the south want others, such as Germany, France, Italy and Spain, that are operating in more secure northern areas, to reduce restrictions on their forces to give NATO commanders more flexibility to use them where they're most needed.

Bush said he hoped the alliance will be able to offer membership to Croatia, Macedonia and Albania in 2008.

Speaking from Russia's doorstep in a former Soviet republic, he also reiterated U.S. support for future NATO membership for Georgia, as well as Ukraine if it makes the necessary democratic reforms.

"The United States believes in NATO membership for all of Europe's democracies that seek it," the president said.

Bush has two days of meetings with Iraqi Prime Minister Nouri al-Maliki later in the week.

Earlier Tuesday, Bush blamed the escalating bloodshed in Iraq on an al-Qaida plot to stoke cycles of sectarian revenge, and refused to debate whether the country has fallen into civil war.

Jordan's King Abdullah, hosting the Bush-al-Maliki summit, has warned that the new year could dawn with three civil wars in the Mideast — with one in Iraq added to those already ongoing in Lebanon and between the Palestinians and Israelis. The country is reeling from the deadliest week of sectarian fighting since the war began in March 2003.

Bush, dodging a direct answer of whether a civil war exist, tied the three conflicts together in a different way. He said recent strife in Lebanon and the heated up Israeli-Palestinian dispute are, like Iraq, the result of extremists trying to choke off democratic progress.

"No question it's tough, no question about it," Bush said at a news conference with Estonian President Toomas Hendrik Ilves. "There's a lot of sectarian violence taking place, fomented in my opinion because of these attacks by al-Qaida, causing people to seek reprisal."

The president dated the current spike to the Feb. 22 bombing of a sacred Shiite shrine in Samarra, which triggered attacks and reprisal counterattacks between the Shiite majority and Sunni minority, and raised fears of civil war.

Bush said he will ask al-Maliki to explain his plan for quelling the violence.

"The Maliki government is going to have to deal with that violence and we want to help them do so," the president said. "It's in our interest that we succeed."

Directly seeking help from Iran and Syria with Iraq, as part of new, aggressive diplomacy throughout the region, is expected to be among the recommendations of the Baker-Hamilton group.

But Bush repeated his administration's reluctance to talk with two nations it regards as pariah states working to destabilize the Middle East.

Iran, the top U.S. rival in the region, has reached out to Iraq and Syria in recent days — an attempt viewed as a bid to assert its role as a powerbroker in Iraq.

The president said Iraq is a sovereign nation, free to meet with its neighbors. "If that's what they think they ought to do, that's fine," he said. "One thing Iraq would like to see is for the Iranians to leave them alone."

The president added that the U.S. will only deal with Iran when they suspend their program of enriching uranium, which could be used in a nuclear weapon arsenal.

"The Iranians and the Syrians should help — not destabilize — this young democracy," he said.

Iran's state-run television, however, quoted Iraqi President Jalal Talabani as saying "we are in dire need of Iran's help in establishing security and stability in Iraq." The comments came after Talabani met Monday with Iranian President Mahmoud Ahmadinejad in Tehran.

Far from reaching out to Iran and Syria, Bush also denounced them for trying to destabilize the fragile, Western-backed government in Lebanon.

"That government is being undermined, in my opinion, by extremist forces encouraged out of Syria and Iran," Bush said. "Why? Because a democracy will be a major defeat for those who articulate extremist points of view."

The New York Times on Monday quoted a senior U.S. intelligence official who said the Iranian-backed Hezbollah had been providing training for the Mahdi Army, the Iraqi Shiite militia led by anti-American cleric Muqtada al-Sadr. The anonymous official told the Times that 1,000 to 2,000 Shiite fighters had been trained in Lebanon by Hezbollah, also backed by Syria.

Bush arrived in Latvia after a brief stopover in Estonia, also a former Soviet republic with troops in Iraq and Afghanistan.

An issue of high concern in central and eastern European countries is their lack of participation in a U.S. visa waiver program that allows business travelers and tourists to enter the U.S. for months using only a passport. Ilves said it is something his country "constantly has been raising" with the United States. The subject came up again in Bush's meetings in Latvia with President Vaira Vike-Freiberga.

Bush promised to try to convince Congress to add more countries, like Estonia, to the program by adding new security elements to overcome wariness in the aftermath of the Sept. 11, 2001, attacks.

Bush says U.S. won't pull out of Iraq - Yahoo! News

Dinar-Excited

US got too much at stake, going nowhere, they need to pay for the war.

This should make for a happy kitty!