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

Originally Posted by Socata 850

The CBI has posted for Thursday and they are recording zip for activity. I wonder what is going on.

The 815 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 29 so the results were as follows :

Details Notes
Number of banks ----- -----
Auction price selling dinar / US $ 1435 -----
Auction price buying dinar / US $ 1433 -----
Amount sold at auction price (US $) ----- -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) ----- -----
Total offers for selling (US $) ----- -----

WOW it says Thursday, but it's Wednesday's date

Originally Posted by Socata 850

The CBI has posted for Thursday and they are recording zip for activity. I wonder what is going on.

The 815 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 29 so the results were as follows :

Details Notes
Number of banks ----- -----
Auction price selling dinar / US $ 1435 -----
Auction price buying dinar / US $ 1433 -----
Amount sold at auction price (US $) ----- -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) ----- -----
Total offers for selling (US $) ----- -----

Now it's the 816 daily auction, stamped on 2006/11/29??????

There is something going on. If this doesn't change, I think we can expect a press stament today!

What do you guys think?

Originally Posted by Socata 850

The CBI has posted for Thursday and they are recording zip for activity. I wonder what is going on.

The 815 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 29 so the results were as follows :

Details Notes
Number of banks ----- -----
Auction price selling dinar / US $ 1435 -----
Auction price buying dinar / US $ 1433 -----
Amount sold at auction price (US $) ----- -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) ----- -----
Total offers for selling (US $) ----- -----

ok, they have changed the lower date but not the upper date, they have changed the day of week but still using the previous days number. they have however zeroed everything but the exchange rate. never seen it happen before.

Yesterday's numbers at bottom were
US Dollar
USD
11/29/06 1437.000
11/29/06 1436.282

Today's are changed

US Dollar
USD
1435.000
1434.283

11/30/2006 Is A Thursday!

Nighty Night..............

Originally Posted by kiko

ANALYSIS-Iraq's oil industry in grip of despair
LONDON, 30 November 2006 (Reuters)

The present state of Iraq's collapsing oil sector, its economic lifeline, is bleak and its future looks far worse, despairing officials say.

Another damaging oil attack this week, the prospect of British troops handing over the oil city of Basra and virtual civil war have all but crushed hope for Iraqi officials battling to keep exports flowing to world markets.

"One thing is sure. The worst is yet to come," an Iraqi oil industry source said by telephone from Baghdad.

His task is made harder still by gross mismanagement at the oil ministry and chronic underinvestment in the vital sector -- already neglected for decades due to sanctions and wars.

"There is no line of authority at the oil ministry," said an oil official in the capital. "We are crippled. We have the resources and the finances and we are still failing."

With Baghdad in chaos, technocrats fear the oil producing regions in the Shi'ite south and in the north near Kurdistan may seize control of exports and effectively dismember the country that holds the world's third biggest oil reserves.

"Our country may be dismantled -- farewell to central government," the oil source said. "This is the danger."

Salvation, in the form of an eagerly-awaited oil law designed to unify the country and lure foreign investment, is unlikely to arrive by the end of the year.

Control of the oilfields is dividing Iraq's three main communities, the Arab Sunni and Shi'ite Muslims and ethnic Kurds. Sunnis fear autonomous deals by Shi'ites in the south and Kurds in the north will cut them out of Iraq's oil wealth.

They, along with the Kurds and Turkmen, are disputing the status of Kirkuk and its giant oilfield. A December 2007 referendum will decide whether Kirkuk city and the surrounding area should be controlled by the Kurdistan regional government.

"That's the real flashpoint," said Peter Khalil of Eurasia Group. "The Kurds have de facto taken control of Kirkuk."

Whoever does lay claim to Kirkuk will inherit an 80-year-old oilfield that pumped 800,000 bpd or nearly a third of Iraq's output under Saddam Hussein.

Rates have slowed to a trickle since the U.S.-led invasion in 2003 as relentless sabotage along the northern export pipeline to Turkey has kept exports mostly idle.

The field was dealt another blow on Monday when a mortar attack ignited nearby oil tanks and cut Kirkuk production to about 100,000 bpd from 300,000 bpd.


RESTIVE SOUTH

Though plagued by factional fighting, mainly Shi'ite Basra has largely escaped the sectarian violence.

The southern Rumaila oilfields have provided steady exports of around 1.5 million bpd for close to a year.

"The oil flow from the south has been sacrosanct even with Baghdad falling apart," said a Western executive at a major oil company. "But will it last?"

Although more than 7,000 British troops are in the region, they plan to leave by the end of 2007.

Eurasia Group's Khalil said there was an outside chance of an attack on oil facilities when British troops start their hand over. He said, however, the decrepit state of the south's oil network posed a bigger risk to oil flows.

"Even if the security situation gets worse, I don't see the Shi'ites deliberately targeting the oil infrastructure," he said. "They're not going to attack their lifeline."

Iraq's production is stuck at around 2 million bpd, well down on the nearly 3 million bpd hit in the final days of Saddam and even further from the 3.7 million pumped in 1979, prior to the Iran-Iraq war.

A modest amount of foreign cash could swiftly boost flows towards four million bpd. But multinationals will not act without a legal framework and peace restored.

Senior Iraqi officials were to resume talks to resolve a dispute over the energy legislation last Thursday, when bombing in the capital killed 200. There was no word on progress.

Oil Minister Hussain Shahristani wants to retain a strong grip with only participation by the provinces, officials said.

"From a technical and economic standpoint, this is a reasonable solution," said a senior Iraqi executive. "But whether that's acceptable to all parties remains to be seen."

ANALYSIS-Iraq's oil industry in grip of despair | Iraq Updates


They better can get their shite together or nobody in Iraq will profit from the oil revenues.

Open that facking doors!!

we're get this oil law passed. LOL

Originally Posted by shotgunsusie

they HAVE NOT POSTED. it is thursday THE 30TH, not the 29th. they have however zeroed everything but the exchange rate. never seen it happen before.

Not posted, all zeroes.

Buth they changed the auction number to 816??

There is something going on.

Maybe they heard Charmed begging for a November RV and they decided to give it to her.

Maybe we will see an official announcement today.

Originally Posted by CharmedPiper

Announcement No.(816)

D.G. of Foreign Exchange Control

The 815 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 29 so the results were as follows :

Details Notes
Number of banks ----- -----
Auction price selling dinar / US $ 1435 -----
Auction price buying dinar / US $ 1433 -----
Amount sold at auction price (US $) ----- -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) ----- -----
Total offers for selling (US $) ----- -----





D.G. of Investments

Daily price Bulletin buying and selling Thursday 2006/11/30

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1435.000
1434.283

European Euro
EUR
1886.451
1885.508

forgot to make the number of auction red. its inconsistant.

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release /Press release
Wednesday, 11-29-2006

The Iraqi Central Bank announced its readiness to buy the dollar

An official source at the Central Bank of Iraq is ready to buy the dollar in cash and through the foreign currency auction to be held daily.

The source added : The purchase price is determined on the basis of the sale price of dollar cash in the auction only minus 2 dinars.
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Auction Financial
Government Securities Auctions:

D.G. of Agreement & Loans

Notice

Because of the Iraqi banks have not participating into the competitive bids of T/B auction No. (49) held on 27th Nov 2006 Therefore the auction is considered as cancelled

Hassan AL- Haidary

D.G of Agreement & Loans

Notice

Because of the Iraqi banks have not participating into the competitive bids of T/B auction No. (48) held on 13th Nov . 2006 Accordingly MOF decided to cancel the a/m auction.

Hassan AL- Haidary

D.G of Agreement & Loans

here's the last two security auctions listed new today which were cancelled. due to no banks participating. im sure thats what has happened with todays auction, there would be no auction if no banks participated.

ok, this gets me excited. how 'bout you all???