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

Local news : in the economy, investment and reconstruction. Consider the fate of Iraqi money stolen and smuggled before and after the fall of the regime.

Baghdad / commoners hailed

Committee discussed the economy, investment and reconstruction in the House with the President of the Office of Financial Supervision how to prosecute Iraqi money stolen and smuggled in time of the former regime.
In the aftermath of the fall. According to a statement by the House of Representatives, the Committee discussed with the head of the Office of Financial Supervision, Dr. Abdel Basset Turki prosecution process was also discussed by the activation of the role of the Office of Financial Supervision and follow-up of Iraqi funds in the memorandum of understanding with the United Nations. The statement pointed out that the meeting with Turki been addressed to the draft law with the recovery of Iraq's funds bill Office of Financial Supervision, which will be studied by the Chamber of Deputies.

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

Cheers!
DayDream

USDIQD=X: Summary for USD to IQD - Yahoo! Finance

Yahoo! Finance Charts

Name Last Trade Change Volume Time
Tools USD to IQD(USDIQD=X) 1,433.1 0.0(0.00%) 0 4:00pm ET
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Auction price selling dinar / US $ 1433 -----
Auction price buying dinar / US $ 1431
Exchange Rates
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US Dollar (USD) Iraqi Dinar (IQD) Exchange Rate
1 1 15:59
World News Currency
World News Currency
Iraqi Dinar (IQD) US Dollar (USD) Exchange Rate
1 0.0007319
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Change (p) Change (%) Cur Bid Ask High Low Open Volume Time A
0.0 0.00 1465.0 1465.0 1465.0 1465.0 1465.0 19:00:00
United States Dollar vs New Iraqi Dinar Spot Exchange Rate Price USDIQN, Stock Quotes, Charts, Share Trades & News.
__________________________________________________ ___________
1 Iraqi Dinar = 0.0007319 US Dollar
1 US Dollar (USD) = 1366.30 Iraqi Dinar (IQD)
Business News
__________________________________________________ ___________
1 US Dollar = 1,486.40 Iraqi Dinar
1 Iraqi Dinar (IQD) = 0.0006728 US Dollar (USD)
FXConverter - Currency Converter for 164 Currencies
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Calculator for Iraqi Dinar (IQD) Currency Exchange Rate Conversion
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xe.com Universal Currency Converter ® Results
Live mid-market rates as of 2006.12.03 16:08:26 UTC.
WARNING: Beware investment scams involving IQD Iraq Dinars. More info
1.00 USD
United States Dollars = 1,426.40 IQD
Iraq Dinars
1 USD = 1,426.40 IQD 1 IQD = 0.000701066 USD
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When is the next time the ISX starts trading....could this be key with FIL in place???

Seems the Government needs to get on the ball, the people are getting restless!!

Many Iraqi citizens expressed disappointment at the results of the movements of government at the international and local, It has reaped the Iraqis of this policy only further tensions, pain and chaos plaguing the Iraqi bitter reality, as the nights are still raging daily in Baghdad battles either mortars falling every day dozens, or in clashes with armed men threatening the lives of innocents innocent in residential neighborhoods and creating a state of terror and confusion and concern to all citizens living in Baghdad's suburbs have transformed the lives of its citizens and to hell intolerable.
Citizens are demanding to find the political forces participating in the government a way out of the current crisis. The survival of the situation to deteriorate to boil and day after day is a dangerous sliding towards a bottomless chasm is not only God knows how long.

He called many of the citizens to stop serious and responsible government and political forces to maintain the security of its citizens, especially during the night, and that does not leave prisoners of the waves of attacks as armed intervention of Iraqi families to their children and old women of the constant terror of the intensity of the fire, noting that the State should provide input to protect its citizens, which are of threats is almost daily, even many of the families forced to leave their homes despite the outbreak as a result of armed clashes, without find it gives them the security and safety so I went with promises of the government to its citizens unheeded.

And many of the citizens about the reason for the disappearance of the presence of security forces when heavy trigger clashes between gunmen and citizens. and leaves them alone to face their fate, However, residents of Baghdad's suburbs with no one to protect them from such attacks and the arena free of these gunmen carrying out their crimes and toy security at whim, and if nothing had happened, but for the citizens and Tkacfhm pause in the defense of their neighborhoods in these attacks.

Translated version of http://www.baghdad-newspaper.com/

Cheers!
DayDream

D. . Mahdi Al-Hafiz : the Iraqi economy was going through a critical stage
Baghdad-file


Dr. Mahdi Al-Hafiz Member of Parliament from the National Iraqi List and the Minister of Planning and Development Cooperation former, the Iraqi economy was going through a critical stage unique, There was no dependence on oil is the salient feature, but outside of that depends on both the export and import.

He added in an interview : that oil revenues are the main source basis for the funding of the state's public, or 95%, , is a source of foreign currency, which provide cash cover of the national currency, as well as being accounted for 65% of the gross domestic product. and the situation is well known to all parties, However, the new thing is the deterioration of the economic situation seriously, particularly productive sectors, specifically, industry and agriculture, the proportion of the contribution of industry to GDP is around 5 per 2 - 1% in the past, in particular, in the early 1980s between 10-8%. Agriculture dropped its contribution to GDP to 3% after the 12% increase in the same period. D and wondered. Hafiz : What does it mean? this means that our economy today is the continued nature of the economy dependent on the outside world, It depends on the world oil market to determine the size of its financial resources vulnerable to sharp fluctuations of hand, Besides the fact that importation from abroad is the center of gravity to cover demand in the local market for commodities vital foodstuffs and medicines and consumables and medical supplies and even services because of the inability of industry and agriculture on the national performance of this task, bringing the Iraqi economy recipient of external shocks, whether through% pw Der or import.

Translated version of http://www.baghdad-newspaper.com/

Cheers!
DayDream

Originally Posted by CharmedPiper

When is the next time the ISX starts trading....could this be key with FIL in place???

ISX trades Mondays and Wednesdays. Next session will be I believe 10AM Monday Baghdad time.

The call for the establishment of a national high of the economy

Baghdad-Sabah

Montasser called the Principality, Chairman of the Federation of Iraqi parliamentarians, economic Azvalljenh in the previous National Assembly, government to : (creation and the establishment of a national high of the Iraqi economy). He said in a press statement : (This The Council must be the highest decision in the economic aspect that the Iraqi experience and expertise includes specialized of all Iraqi blocs and political movements and independents). He added : (must direct this project as soon as possible, to be with the Center for Studies of this strategy of specialists and technocrats, university professors and economic experts, whatever their views, the planning and counseling him). And between the Principality : (The deterioration of the Iraqi economy and the negative phenomena that have occurred in it due to the lack of centralized economic decision).

"He explained : "Iraq is losing all its present economic climate of health." The Principality : "The Iraqi economy, relying almost entirely on oil. This means that the economy has no clear methodology, but more than that, it depends on a chaotic, there is no free economy is not oriented economy is not, The reason for the economic problems due to this reason, in the President. " And : (The reason for reluctance to enter foreign investors back to Iraq for the same reasons and not for the reason of security, as some have claimed that many of the regions of Iraq are totally safe, however, has not lead investor). He called the Principality : (that includes experts from the ministries concerned with this subject. oil, electricity, industry and others. to be able to draw plans ambitious strategy for the advancement of vital life circles). He said : (The Iraqi economy has the expertise and competencies that qualify for the advancement of the fact crumbling But what is lacking in this area is good governance and bold decision). He explained : (these two points that fall within the jurisdiction of the Supreme National Council of the Iraqi economy, it carries a realistic and clear approach to the management of economic resources, as well as being an administrative center active and important role in economic decision-making). The Principality : (ideal policy to attract foreign capital to Iraq, the presence of catalysts higher than normal level of attractions found in other countries. The most important of these catalysts stable economic policy, because foreign investors will not risk investing in Iraq if there is no stability in the Iraqi economy).

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

Get it? It's not because of the SECURITY situation...It's because of NO stability in the ECONOMY! hmmm...Wonder what they can do about that?

Cheers!
DayDream

Originally Posted by Bigslick116

Well thats a bit of a let down....I will try to get a hold of my contact to get an update. Rumor by no means is dead so chins up, interesting auction though.

Reflections:
My mother is in a nursing home and very happy. I remember that at times when something I had worked hard for and hoped for did not turn out just as I had wanted it to, she would say to me "Good things don't always come easy, hang in there, keep working, and you won't be disappointed.

Also, I think I remember someone here has said that the longer they (CBI) keep doing what they are now doing (reducing the supply of Dinar in circulation) that the higher they will revalue. Anyone else remember this and who may have said this??.... Question: Would I prefer a revalue this morning of .14.....or would I rather WAIT...for Jan or Feb 07 ;-) and see 5 or 10 times that amount(.70 or 1.40). I sort of enjoy the thought of $1.40 in Feb.--beyond my wildest dreams!!

Hang in there.

Rom 5:3 - 5:19

ND

I dont care what the reval is. Once it becomes truely internationally traded, the market will set the price, assuming they dont peg.

Would I take a .14 reval . . .you bet your arse. Would I cash out everything . . .he!! no. I might cash out one mill to pay off the debt load and wait to see where it goes . . .but I am confident that we are looking much higher . . . and there is definitely support for a $2 reval

I am hoping for the next two weeks for that train to unload at the station, but then again I have said that every two weeks since July 06 :)

Originally Posted by DayDream

Local news : in the economy, investment and reconstruction. Consider the fate of Iraqi money stolen and smuggled before and after the fall of the regime.

Baghdad / commoners hailed

Committee discussed the economy, investment and reconstruction in the House with the President of the Office of Financial Supervision how to prosecute Iraqi money stolen and smuggled in time of the former regime.
In the aftermath of the fall. According to a statement by the House of Representatives, the Committee discussed with the head of the Office of Financial Supervision, Dr. Abdel Basset Turki prosecution process was also discussed by the activation of the role of the Office of Financial Supervision and follow-up of Iraqi funds in the memorandum of understanding with the United Nations. The statement pointed out that the meeting with Turki been addressed to the draft law with the recovery of Iraq's funds bill Office of Financial Supervision, which will be studied by the Chamber of Deputies.

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

Cheers!
DayDream

Could someone tell me what this article is getting at ??

Just spoke to SGS and she says its all good and to give you all a big

*****WoOT *****