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

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We know for a fact that the rate was 33 cents 3 years ago before the IMF set the prgramme rate.That was with 4.5 tri. in circulation, however, the economy was not as strong as it is today. I estimate about 8 tri. in circulation now. This is just a ball park estimate.

Originally Posted by michael16

Is the amount in circulation critical or is it more important the percent it goes up which hopefully would bring in more demand? All comments are welcome.

The amount in circulation is more important than the small increases in the rate. AT THIS POINT. This removal "sets the stage" for better things to come. Again, this is like a company buying its stock back which allows for fewer shares which makes them eventually more expensive. A very healthy move for a company and a very healthy move for Iraq. As far as predicting a specific RV date. I don't know. All I can say is that I understand the fundamentals and this process cannot continue forever and will eventually result in an increase in the price of the dinar and that price will accelerate Classic economic law. Limiting supply, increasing demand of any commodity increases price. Thank You.

Hhmmm................

Originally Posted by rvalreadydang

Iraq is moving at the present time to support the Iraqi dinar

Justice / special Baqer Jabr Al-Zubaidi, the Minister of Finance that Iraq is moving at the present time to support and strengthen the Iraqi dinar because that would reflect positively on the state and the people and contributed to the increase in the state's ability to provide the best services to the Iraqi people.

%.The minister added that 2007 would witness an increase in the budget balanced by 73% from 2006 which saw loitering in the disbursement of the amounts spent in the Ministry of Water Resources, 75% of its budget, and housing 20% and 17% oil. ف.The minister attributed the failure to pay the balance in full, that the money had not been fired only in the April 15, 2006 Ada, which lost half a year. الى.In addition to that there are 2.5 billion dollars for the reconstruction of the governorates, which has a direct form new precedent was not ready for the governorates disbursements There was no consulting engineering offices and the lack of experience which has led to delays in project implementation. .This is in addition to the instructions and bureaucratic complications in the implementation of projects and about the faltering since we receive for our portfolio of the Ministry of Finance to issue special instructions in the budget would be the first month of 2007 besides the direct addition to the creation of provincial offices consulting, engineering, which the budget will deal with the exchange rate of 100% and instructions Economic Commission will facilitate the completion of projects to serve the march of reconstruction in Iraq. .He pointed that we have developed an important balance in 2007 as the first ministry or province has implemented 80% of its projects during the first six months will be removed and given funds to ministries and governorates capable of implementation. .They stressed they create projects by the beginning of next year, has held three conferences in the north, south and center, putting our expertise in the field of reconstruction and financial assistance for the purpose of the Ministers and Governors of the implementation of the projects. .And he added that next year will witness a revolution Aemarih large, which will contribute to the reduction of unemployment and defeating terrorism and promoting security and stability in the new Iraq. .The Minister concluded that the cadres of the ministry will witness a quantum leap in the area of improving performance allowance and the adoption of modern scientific methods during the sessions boned and global optimal use of computers in the organization of daily work in the ministry and linking services in Baghdad and other information network controlled centrally.

http://64.233.179.104/translate_c?hl=en&langpair=ar%

Hossam Alsamuk
احد،In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time,

/ .While marching preoccupation with the Iraqi Central Bank to address the situation and inflationary influences on hazardous cruise the economic cycle, through special procedures (the firm) recent strengthening of the exchange rate of the Iraqi dinar and the clear success in the adoption of a new promotional rate of the dinar against the dollar as alluded to in the first section of the (dependent allowance), we would like to point out was what the Central Bank in the same statement, the alarm sounded by a few days ago after a row in the graphic July 23 July and August 17 last August.
).The release pointed out that literally supply bottlenecks, which is carved inflationary effects (requiring addressed through other means of economic policy which is outside the influence of the Central Bank and its policy adopted).
هذه).This particular paragraph already experienced in more than one (column), we dealt with the situation earlier, while inflationary and received more than reproach in the Srahatna (loading) of several parties from the ministries and government institutions to take action quickly random caused economic damage our lives, the Central Bank was forced to refer to it in his last while the example that (supply bottlenecks in the real sector mainly concentrated in the fuel processing sector and the negative impact on the costs of transportation, communication and other production costs).
!Not hesitate to point out here that the projects should have been mature mechanisms, for caused enormous damage to the general body of the economic situation in the country. was the inflationary situation, which reached the rate reached 76.6%, the risk of one of the consequences we have warned about a year ago from now, when we discussed the rash actions in raising the prices of oil derivatives, but warned of the repercussions of the price had reached bread to one thousand dinars. This remains a possibility!
.In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time, That looks to employees and retirees of the step the government promised It seems from the list of transactions - they reached the stage of maturity is to increase the salaries of two tranches, But in a time when we look forward to action being direct beneficiaries thereof, we warn that the anticipated increase confiscated directly from further aggravation of the situation on the doorstep of inflationary if not studied the mechanisms increase economic measures, according to join in the firm avoided lust Tufayli of inflation, which applies in the cellars Ktsll hidden termites. the erosion of the green and the ground.
.According to these facts facing the Monetary Authority expressed the Central Bank, All the economic institutions that recruit their support academic and professional actors together to develop plans and policies to address each situation inflationary influences and justifications escalating and controlled the economic transactions.
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Originally Posted by Wm.Knowles

The amount in circulation is more important than the small increases in the rate. AT THIS POINT. This removal "sets the stage" for better things to come. Again, this is like a company buying its stock back which allows for fewer shares which makes them eventually more expensive. A very healthy move for a company and a very healthy move for Iraq. As far as predicting a specific RV date. I don't know. All I can say is that I understand the fundamentals and this process cannot continue forever and will eventually result in an increase in the price of the dinar and that price will accelerate Classic economic law. Limiting supply, increasing demand of any commodity increases price. Thank You.

How about an initial rate WM, educated guesstimate??????

Originally Posted by rvalreadydang

Hossam Alsamuk
احد،In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time,

/ .While marching preoccupation with the Iraqi Central Bank to address the situation and inflationary influences on hazardous cruise the economic cycle, through special procedures (the firm) recent strengthening of the exchange rate of the Iraqi dinar and the clear success in the adoption of a new promotional rate of the dinar against the dollar as alluded to in the first section of the (dependent allowance), we would like to point out was what the Central Bank in the same statement, the alarm sounded by a few days ago after a row in the graphic July 23 July and August 17 last August.
).The release pointed out that literally supply bottlenecks, which is carved inflationary effects (requiring addressed through other means of economic policy which is outside the influence of the Central Bank and its policy adopted).
هذه).This particular paragraph already experienced in more than one (column), we dealt with the situation earlier, while inflationary and received more than reproach in the Srahatna (loading) of several parties from the ministries and government institutions to take action quickly random caused economic damage our lives, the Central Bank was forced to refer to it in his last while the example that (supply bottlenecks in the real sector mainly concentrated in the fuel processing sector and the negative impact on the costs of transportation, communication and other production costs).
!Not hesitate to point out here that the projects should have been mature mechanisms, for caused enormous damage to the general body of the economic situation in the country. was the inflationary situation, which reached the rate reached 76.6%, the risk of one of the consequences we have warned about a year ago from now, when we discussed the rash actions in raising the prices of oil derivatives, but warned of the repercussions of the price had reached bread to one thousand dinars. This remains a possibility!
.In the midst of this confrontation faced by the Central Bank. we have to wake policies must they would conflict with its existing and future at the same time, That looks to employees and retirees of the step the government promised It seems from the list of transactions - they reached the stage of maturity is to increase the salaries of two tranches, But in a time when we look forward to action being direct beneficiaries thereof, we warn that the anticipated increase confiscated directly from further aggravation of the situation on the doorstep of inflationary if not studied the mechanisms increase economic measures, according to join in the firm avoided lust Tufayli of inflation, which applies in the cellars Ktsll hidden termites. the erosion of the green and the ground.
.According to these facts facing the Monetary Authority expressed the Central Bank, All the economic institutions that recruit their support academic and professional actors together to develop plans and policies to address each situation inflationary influences and justifications escalating and controlled the economic transactions.
ÌÑíÏÉ ÇáãÏì - ÇáÈäß ÇáãÑßÒí æãÌÇÈåÉ ÇáÍÇáÉ ÇáÊÖÎãíÉ (2-2)

Sounds like they see the new rate as being a success. Still a programme artificial rate.........

Originally Posted by Adster

Interesting reading back all the posts regarding the US holding dinars. Am sure this is true, I'd heard they have a stash of 50 billion dinars in the US Treasury. A rumour mind you but I'm sure they do have a stash of dinars. Of course this will be used in exchange for oil when the time comes.

What is a bit disturbing was watching the news last night on Channel 4 here in England and seeing reports of the 50 people killed in Baghdad, the biggest amount if casualties in November to date, the report from Washington implying the violence is out of control and of course the US pullout next spring. IF I didn't know better from all the positive news coming out from here and other forums I as a neutral would defo come to the conclusion Iraq is up the crapper bigtime.

Bad news sells right?, always has and I will never believe the US and rest of the debt forgiving countries will desert Iraq until it's more stabilised and their economy has been kickstarted. The world has an active interest in the success of Iraq, they need to have with the amount of oil involved and the necessity there always will be for it.

CNN just did a 10 minute expose on "Who is Al-sadar". Basicly they are on to his desire to be ruler of Iraq. He didn't make the first cut for the first parliment that was selected when the American's took over. He got really upset and started strengthening his army and position with the people. That's why he wants the Americans out of the country...so he can take over. I am sure he is trying to be the next Hazballa and rule a puppet government for Iran
He has threatened to take down the exsiting government. They say he has about 7,000 milita but they feel he has twice that...all from the poor and uneducated. He is building his position among about 2,000,000 people that look to him for leadership. Gotta know that Iran is supporting, training, and funding them just like hazballa. I was very glad to see all this reported.

They also mentioned that when we first went into Iraq they were going to assinate him but forgot why they didn't??!! I am sure it will repeat on Anderson Cooper 360. It might come to a show down with US and Al-sadar milita before this is all over. WE WILL CRUSH THEM....IF Iran stays out of it. But I remember that Iranian field commanders were helping hezballa (actually in the fields with them) in Lebannon when they were fighting Israel. Iran is big trouble but our government is well aware of it. They fight these proxy wars through hazballa and al-sadar and al-quada - taking weak democracies and building armies that the governements aren't strong enough to confornt so they can manipulate and control them. Someone is going to take him out....gotta before he undermines Malikie. The nerve of him to walk out of parliment if Malikie went to meet with Bush...what arrogants...unfortunately he has strong back up with Iran and an army full of hate. Interesting stuff.

the distribution of 30% of the oil revenues between the citizens month A number of members of the House of fueling bill commits the government to distribute 30% of the oil revenues between the citizens month. The deputy said the consensus Noureddine Hayali told (morning) : The principles of the project are now under discussion will be circulated with the Minister of Planning to Papan and chairman of the Economic Committee of the Council, Dr. Haidar Abbadi. Hayali believes it is possible to present the draft to the parliament for approval before the end of this year.

Economists estimated proceeds of Iraqi oil annually, including more than thirty billion dollars or ten billion dollars distribute them among citizens in the form of monthly salaries.

The price of a barrel of oil is 60 dollars, It was increased to 70 dollars in the past months, while observers speculate is likely to increase prices due to the prevention of some OPEC countries to increase production and thus reduce vulnerable in the market.

The law aims to notice their ill citizens, which should be preserved by all of the waste and theft and that benefit them directly. He says : Hayali that law citizens will be divided into three different categories of shares : the first category of birth until six years ago, second : from 7 to 18 years. three of the 19 and over. He explained that the law would shroud the cash portion who earns more than 1 million dinars. It also deprives them involved crimes against honor, such as drug trafficking and abuse, and adultery, as well as espionage, Each felony owner holding more than five years. He said : The law also deprive the Iraqi who migrate abroad. It is likely to amend the House in some of these barriers, or add to them, however, said Followers : as a whole the factors helping to suit the society and the restoration of cohesion and unity. Al (morning) that a large number of deputies he welcomed this project is to be paid to Andhajeh and developed and put to the Council.

The previous references officials commented on the need for citizens to feel the benefits of its oil wealth Mb the Bulletin, expecting to address the House for this task by the law governing the rights of people. It is hoped that the 2007 budget, the largest budget in the history of Iraq as the $ 40 billion and described the Prime Minister Balanfjarih.

While citizens were pleased with the promises of the government to improve their living conditions, which appeared signals in the new salary scale and the pension law, which published (morning) yesterday and the day before yesterday owned and looking at the oil quotas (Probably to be true).
Translated version of http://www.alsabaah.com/

Originally Posted by Adster

Iraq Study Group Set to Release Findings Wednesday Tuesday, December 05, 2006

WASHINGTON — President George W. Bush is meeting early Wednesday morning to receive the Iraq Study Group's recommendations for war policy in the Mideast nation, but the White House is already downplaying the report's impact on the United States' next moves in Iraq.

"I think anybody who expects ... a magic bullet out of the Hamilton-Baker commission is probably placing an unfair burden on them," White House spokeswoman Tony Snow said Tuesday, adding that several different groups are looking to offer advice on Iraq.

"No doubt, whatever recommendations are made ... you're still going to need to continue to make adjustments based on the facts on the ground. But having said that, you know — so we have not been hyping it up, nor have we been trying to discourage speculation about the Hamilton-Baker commission," Snow said.

The 10-person congressionally mandated bipartisan commission is led by former Secretary of State James A. Baker III and former Democratic Rep. Lee Hamilton of Indiana. They met with Bush for lunch on Tuesday for a preview of the recommendations

Baker and Hamilton did not leave behind a copy of the report, though Snow joked that White House aides tried to procure a copy with silly putty.

The report is already the hot reading material for the week. Spokespeople for the ISG said the report will be released electronically on one of several Web sites at 11:00 a.m. EST, and they are confident the sites will be able to handle the volume of traffic.

Attending the report presentation will be Vice President Dick Cheney, Secretary of State Condoleezza Rice, White House Chief of Staff Joshua Bolton, National Security Adviser Stephen Hadley and other senior White House aides.

They will not comment on the recommendations, and after the presentation, the ISG is set to brief Iraqi Prime Minister Nouri al-Maliki and his team via secure videoconference from the White House.

Bush will meet later in the day with House Republicans and the panel's leaders are expected to testify on Thursday morning before the Senate Armed Services Committee about the recommendations.

In the invitation to appear at the Senate committee panel heads Sens. John Warner, R-Va., and Carl Levin, D-Mich., said they want to hear "the process the ISG drew upon to study the current and prospective situation in Iraq" and "the approaches you applied to achieve bipartisan consensus."

Leaks of the report suggest that the ISG will encourge the U.S. to reach out for more help on Iraq's security — including Iran and Syria as part of a larger group — and to gradually change the mission of U.S. troops from combat to training and support, with a broad goal of withdrawing the Americans by early 2008.

The president has resisted engagement with Iran and Syria, which the U.S. accuse of being bad actors on the world stage as well as fomenting instability in Iraq. Bush has rejected any timetable for U.S. troop drawdowns.

But the White House also insists that the examinations, including an administration review of military options led by Gen. Peter Pace, chairman of the Joint Chiefs of Staff, will be advice to be considered.

Just the fact that the president has commissioned a review and has not ruled out the ISG's approach is progress, say Democrats who are upset with what they describe as a bullheadedness by the administration to incorporate new ideas and change course in Iraq. Maybe they feel that way because Bush said that "Baker can go back to his day job!"

But Snow said the ISG's role isn't to dictate which policy the White House should follow.

"It is not their job to undermine public confidence in this government. It is their job to be working with this government to try to assist us in taking a look at a very complex problem. ... It is a commission that's designed to study a problem," Snow said.

Public confidence in the administration took a serious nose dive in the past year, according to polls, and Democrats frequently make the case that the November midterm vote was a mandate for change in Iraq policy.

"The American people yearn for at least two things in Iraq. One, a change of course, change of direction, a sense that the current course that we're on is not working, that we have to place greater responsibility on the Iraqis to solve their problems, that we can't save the Iraqis from themselves," said Levin, the incoming chairman on the Senate Armed Service Committee.

"The other thing they yearn for is a bipartisan approach to national security problems and the issues that face us in places like Iraq. There's a very deep yearning for that bipartisanship," he said.

Levin's comments came as a preamble to praise for the president's defense secretary nominee, Robert Gates, who on Tuesday won unanimous committee approval for the post. The broad support was largely credited to Gates' candid remarks about what he thinks has gone wrong with U.S. policy in Iraq, particularly after the end of major combat operations.

Three and a half years after major combat ended, nearly 2,900 U.S. service men and women have been killed and a relentless insurgency has complicated a political solution and caused the deaths of thousands of Iraqis in sectarian violence. About 140,000 U.S. troops remain in Iraq with no end date in sight for their departure.

During his confirmation hearing, Gates contradicted Bush's previous statements by saying the United States is not winning in Iraq, though he pointed out the military is not losing in its battles. He suggested that the commission may not have the quick solution. He also added that we were NOT LOOSIN THE WAR. oops, just forgot to mention that

"It's my impression that, frankly, there are no new ideas on Iraq," said Gates, who left the commission when Bush nominated him to be defense secretary.

Despite the violence, administration officials continue to say that progress is being made in iraq. From Baghdad, the top American military spokesman said the Pentagon expects all of Iraq to be under the control of Iraqi forces by the middle of next year. Bush also said that know

Maj. Gen. William Caldwell said this is part of an accelerated timetable discussed by Bush and al-Maliki during a meeting in Jordan last week. Previous predictions by the Iraqis of their abilities to take over have fallen by the wayside, but al-Maliki's statement last week that Iraq soldiers and police would be up to speed by June were seen as one way out for the administration.

And the White House reacted warmly to Tuesday's announcement by al-Maliki that his government wants a conference with neighboring nations, such as Iran and Syria, on ending the violence.

FOX News'
FOXNews.com - Iraq Study Group Set to Release Findings Wednesday - Politics | Republican Party | Democratic Party | Political Spectrum

There is no way that Bush is going to engage Iran and Syria because the trade off is to high. To help Iraq they would want US to overlook Iran's nukular program and also the assasination of the former President of Lebanon...

06 December 2006 (BBC Monitoring)

A high-ranking official of the Kurdistan Regional Government [KRG] said that the Iraqi government had agreed on most Kurdish demands, which had been raised during talks between the Kurdistan Region's delegation headed by Prime Minister Nechirvan Barzani and senior Iraqi officials.

The regional Minister of Reconstruction and Housing Imad [Tafur] Ahmad and member of the Kurdish delegation to Baghdad told reporters that the Iraqi government had agreed to return to the KRG the amount of 482m dollars, which was earned from differences of oil selling prices in international markets. The amount would be added to the 2007 budget.

Regarding the extreme power shortage in Kurdistan Region, Imad Ahmed said the delegation had held several important meetings attended by Iraqi deputy premier Barham Salih. He added that the two sides agreed to increase the region's stake in the country's electricity network and to provide skilled engineers to supervise power stations.

Regarding the oil question, which was the key issue of the talks, Ahmed said the delegation would hold a series of talks with the Iraqi Oil Ministry and the Central Bank to place a new law on petroleum that would fulfil the Kurdish demands in relation to the crucial oil investment project.

The oil issue has triggered disputes between Iraq's central and Kurdish regional governments where the former insists on controlling natural and mineral resources while the latter demands that resources in its territories remain under its control according to the Iraqi constitution in order to guarantee foreign investment in the area.

Source: Al-Ittihad, Baghdad,

Iraqi government agrees on Kurds' budget, oil demands - official | Iraq Updates