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

LEADING STORY

Ahli United Bank named 'Global Bank of the Year in The Middle East' by The Banker magazine


The Banker magazine, a major international banking publication, named AUB 'Global Bank of the Year in Bahrain' for 2006. In 2005, Ahli United Bank acquired a 49% share in the Commercial Bank of Iraq, a private commercial banking institution established in Iraq in 1992.

268 New Companies Registered in Iraq Last Month
(Noozz Editorial) Dec 7 2006

Noozz.com | IRAQ

Cheers!
DayDream

Originally Posted by cigarman

Here's one for you, Next years budget is 42 billion dollars ( 59 trillion dinars ), how can they do that with only 20 trillion dinars printed? Answer, they can't!!!
THIS BABY IS GOING TO HIT BIG!!!!

Now that makes sense to me. I've read about the budget many times but never put it into perspective. You are right my man !!. 42 billion dollar budget at todays exchange rate is impossible for them to accomplish without printing more moeny. That would be in direct contradiction to the CBI's stated policy for fighting inflation. Very good post. I LIKE IT !!

Originally Posted by cigarman

Here's one for you, Next years budget is 42 billion dollars ( 59 trillion dinars ), how can they do that with only 20 trillion dinars printed? Answer, they can't!!!
THIS BABY IS GOING TO HIT BIG!!!!

You do know that they sell their oil in dollars ?

Originally Posted by H2O_Lover

You do know that they sell their oil in dollars ?

And your point?

Originally Posted by H2O_Lover

You do know that they sell their oil in dollars ?

Yes but they convert their dollars into dinars for local comsumption. The day to day transactions are carried out in dinars. With a federal budget that big, it has got to influence the economy on a local level.

Only 5.5 hours till post time for the CBI. I'm goin' to bed so I can get up early and see what Shabibi brought me for Christmas !!

Here is a copy of the IAMB extension. If this has been extended then we could expect a reval anytime now and not necessarily until after the meeting of the IAMB....am I right in this thinking???
Posted by Charmed Piper

Remember when we thought that they signed off on article VIII and provision 1640 or whatever it was at the Oct 30th & 31st meeting, we knew they signed something but we couldn't prove it? Maybe there is a final signing next week. Or as Susie is saying maybe more debt has to be signed off on next week along with the SBA review to finalize things for the RV. Once again just guessing!

Originally Posted by cigarman

Here's one for you, Next years budget is 42 billion dollars ( 59 trillion dinars ), how can they do that with only 20 trillion dinars printed? Answer, they can't!!!
THIS BABY IS GOING TO HIT BIG!!!!

[QUOTE=shotgunsusie;145868]

Originally Posted by dorrel

so this is what you think the isx stock will be priced at when they open with a new value to the world???

this report was made by congressmen in the usa, im not real sure how influencial they are with the iraqi govt. but i suspect the iraqi govt. will raise the rate to what they damn well want and not what is suggested by some other country.

This is their character. They've proven themselves to be very sensitive about their independence and anyone that will even remotely hint that they can't "DO IT MY WAY". They are saying, in effect, "DON"T EVEN TRY TO TELL US WHAT TO DO". We are witnessing the beginnings of a rock solid Nationalism for Iraq. This is the stuff that will be taught in their Iraqi History classes in schools for decades to come and beyond. (Should the Lord tarry)

-Remember Malaki's response when he found out the meeting with Bush in Jordan would include --surprise-- the King of Jordan.. He didn't show.

-Remember Talabani's remarks rebuking Kofi Annan's Idea of an International Conference to solve the problems in Iraq. Told him to go fly a kite.

If they can just get all those strong willed coconut heads on the same page Iraq will be a mighty powerhouse.

ND

Originally Posted by CharmedPiper

Here is a copy of the IAMB extension. If this has been extended then we could expect a reval anytime now and not necessarily until after the meeting of the IAMB....am I right in this thinking???

United Nations S/RES/1723 (2006)
Security Council
Distr.: General
28 November 2006
06-63235 (E)
*0663235*
Resolution 1723 (2006)
Adopted by the Security Council at its 5574th meeting on
28 November 2006

(Yada yada removed!)

3. Decides to extend until 31 December 2007 the arrangements established
in paragraph 20 of resolution 1483 (2003) for the depositing into the Development Fund for Iraq of proceeds from export sales of petroleum, petroleum products, and natural gas and the arrangements referred to in paragraph 12 of resolution 1483 (2003) and paragraph 24 of resolution 1546 (2004) for the monitoring of the Development Fund for Iraq by the International Advisory and Monitoring Board;


4. Decides further that the provisions in the above paragraph for the deposit
of proceeds into the Development Fund for Iraq and for the role of the International Advisory and Monitoring Board shall be reviewed at the request of the Government of Iraq or no later than 15 June 2007;

(Zapped the other parts; just wanted to deal with that "RED" portion!

Now, all this "RED" stuff is for the folks that be speculators; this maybe keeping them at "bay" and not "eBay", as this "RED" portion concerns me, however, with all this news leaking out and we and they have anticipation of raising the IQD rate by moving that little decimal a few knoches to the right!

It would appear likely that with this meeting coming up in December 2006, that we could preclude that indeed the IQD will raise substantially and clear an doubt that we would not see the Iraqi poor crying in the streets after December 15th or so!

Be a Great Time for an RV , what you think?