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

جيPower stations stopped from working in Baiji
بغداد- طارقجيBaghdad-Tariq Al-Araji
توقفها بشكل كامل.The Council of Ministers has approved the allocation of $ 2 billion investment earmarked for the Ministry of Electricity to implement a number of projects in electricity production throughout the country, especially in the safe areas that led to a technical malfunction in the power station in Baiji to a complete halt.




He said Undersecretary of the Ministry of Electricity Senior Engineer Raad told the guard (morning) : The government ratified the allocation of two billion dollars to implement a number of productive projects and the transfer of energy in different regions of the country within the next year plan (2007) noting that this allocation is significantly compared with what was appropriated in the year (2006), which set at (800) million.
(2006).He added goalkeeper that most of the projects as an addendum units obstetric and build stations and the upgrading of the electrical network had not been implemented in the year (2006) so as to the circumstances of the difficult security and the reluctance of experts specialized personnel to travel to Baghdad to build a number of units obstetric and rehabilitate parts of them because of the security conditions, which led to the reluctance of the implementation of the investment plan for the year (2006), pointing out that the guide that lag in the implementation of the plan is not to exploit the sum of (800) million dollars allocated for the budget year (2006).
.The undersecretary of the ministry that in the event of continued deterioration of the security situation and lack of backing by the ministries of interior and defense to protect employees of the electricity in the implementation of planned projects within the plan year (2007) it is expected the coming year to witness a modern addition projects stressing the direct entry in the implementation of projects in the safe areas.
.On the other hand, an official source at the Ministry of Electricity in a press statement on the power plant thermal electric and gas Mobile in Baiji to technical malfunction led to a complete halt on the work.
He added that a modern hydroelectric been subjected to technical problems because of the military actions in the region noting that the subversive elements also targeted the line between the station and the area west of Baghdad, which resulted in a number of towers is a negative impact in the early hours of the processing power of citizens in the governorates of Anbar, Salah al-Din and Kirkuk.





صفحة للطباعةThe page for printing

أرسل هذا الخبر لصديقThis news sent to a friend





·· البحث في اخبار الصفحة الاولى لجريدة الصباحResearch on the news page of the newspaper Sabah
·· البحث في اخبار جميع الصفحاتResearch in all news pages



--------------------------------------------------------------------------------

أكثر خبر قراءة في الصفحة الاولى لجريدة الصباح

Oil below $53 by 2008
5 hours, 55 minutes ago
The World Bank predicts oil prices will ease to $56 a barrel in 2007 and drop below $53 in 2008 on increased supplies and slower demand, Reuters reported. Prices will remain volatile in the medium term because of strong global growth and limited spare capacity, the World Bank said.

Originally Posted by michael16

Oil below $53 by 2008
5 hours, 55 minutes ago
The World Bank predicts oil prices will ease to $56 a barrel in 2007 and drop below $53 in 2008 on increased supplies and slower demand, Reuters reported. Prices will remain volatile in the medium term because of strong global growth and limited spare capacity, the World Bank said.

This tells me the article Kevmo posted about a major recession and dollar slide in the US is probably right on. Hang on to your Dinar or at least cash it in for the Euro or Gold. No need for alot of oil when there isn't anyone buying or driving.

Originally Posted by Inscrutable

If they wanted to control the ISX they would have a long time ago, the ISX is a joke as it stands.
http://www.isx-iq.net/page/daily-bulletin.htm

It is always difficult to respond to a single sentence post, when you have just read posts by Off-Shore wealth and Worf that were appreciated, and where they presented their thoughts, opinions, and feelings about this very complicated issue in such an excellent manner. I feel from your comment, you have more to say about the effects of NOT passing an FIL/HCL, and we would like you to eloborate and express yourself in a more complete way. Thank You

The most serious statement of the Wahhabi scholars, calls for launching a war against the Shiites

12-12-06

In step reveal a draft Saudi integrated in the preface to launch an all-out war against the Shiites in Iraq in various fields, the Saudi government allowed the Wahhabi Islamic scholars in Saudi Arabia yesterday, the first to issue a fatwa calling for deposits and declaration of jihad against the Shiites in Iraq!
The statement was signed by eight scientists, and the 30th Habyalimana belonging to the Saudi regime, some of whom were known to provide programs on television screens Saudi Arabia.
The statement called on the Sunnis in the world to work to support the Iraqi Sunnis, and stop Mazamh, aggression, a war of extermination waged by the "rejection" against them! Thus, the term used by Shiites to Wahabion Lashara to follow the doctrine of Shiism them peace.
The alleged statement, which was published today, Monday, on Internet sites, that the Shiites were killed and marginalized year with support from Iran and the forces led by the United States!
Scientists also called Wahhabism, the year in parts of the world to rally against the Shiites in Iraq.!
Scientists said the Saudi government : "What is taking place in Iraq of killing, torture and displacement of Sunnis and cooperate with the occupying enemy, injustice and prostitutes and enemy!"
They called all Muslims to : "support all methods of support-studied occasion -! Even apparent released this ordeal! "
The statement also called this sedition, to "stand with our brothers direct Sunnis in Iraq and ... Work to make all Muslims in danger of Shiites and the media to carry out its duties towards that. "
The statement urged scientists and the Wahhabi Maasmah "exposing Shiites practices at all levels."
The most serious came in a statement Saudi scholars is invited to the use of force-weapons-against the Shiites in Iraq, and said that in this regard "and taken by force can be restored only by force!" This is a clear and open call to the use of force, which is an expression of disarmament, to attack and liquidate the Shiites. " !
Among those scientists Wahabi sect signatories to the three closer to the Saudi Alhwali they travel, and Nasser age, and Abdel-Rahman Brak.
This statement Maadi for the Shiites in Iraq, came to reflect on the features of the project the Saudi against Shiites in Iraq and which had been declared by the security adviser of the government of Saudi Arabia Nawwaf Slaves, before three Aspia in an article Mohamed Omar in the Washington Post, in which he outlined the scenarios position Saudi developments the Iraqi affair and was stated features of a this scenario him support terrorist organizations of the year, and the formation of other organizations, and the formation of Iraqi army particular to take over leadership in Iraq, has announced Saudi Ambassador in Washington Turki Bin Faisal Bin Abdel Aziz, that the contents of his article Nawwaf Ebeid for things expressed the view Saudi Arabia and they canceled the convening of working with him, but issuance of this statement to Scholars the Wahabi sect those who belonged to the governance-Saudi relations, shown sincerity of what was provided for Counsel the Saudi Nawwaf the Slaves, decision to dismiss him taken, no ... To appease the Shiites, but because of detection of those secrets from the Saudi strategy designed to Iraq and attack the Shiites in Iraq.
As these developments in the m of the Saudi and disclosure of the steps being taken against the Shiites in Iraq, we have to take Maliki government, the parliament, the clerics in Iraq a strict proportion to the present position of the scholars who is a Saudi fatwa against inciting the killing of Shiites in Iraq.
The text of the statement did not cite what the substance of the lies and fabrications in the opposite statement hatreds of this community Wahhabism miss that left the year who are killed in Palestine at the hands of Israel, remember the year of Iraq, and they, in fact, for years Aitbakon on Iraq, because Iraq is faring well in both of them suddenly or Kurds, but shed tears over the Altkverein Wahabi sect and organizations and the terrorist Baathists and their allies.

Source : Net Nahrin

See link for Signatures:

" ãÇÇÎÐ ÈÇáÞæÉ áÇíÓÊÑÏ ÇáÇ ÈÇáÞæÉ "!! ÇÎØÑ ÈíÇä áÚáãÇÁ ÇáæåÇÈíÉ íÏÚæ Çáì Ôä ÍÑÈ ÖÏ ÇáÔíÚÉ Ýí ÇáÚÑÇÞ !!

Cheers!
DayDream

Originally Posted by worf

Thank you for your analysis. I do have some questions/comments as to how all of this relates one to another. Trying to keep emotions out of the mix, with all of the laws ie fil, hcl, having an internationally traded currency etc. coming into play, can they really open up their economy with a dinar rate where it is right now (or close to it)?

I mean really, if they open up their ISX to the outside world with a dinar rate in the 1300 - 1400 = 1usd range, doesn't that open themselves up for potential disaster? The big players from all of the world will join forces for a feeding frenzy on the country of Iraq. Wouldn't you if you had the money? Image one of if not the richest nations in all of the ME going for 1/10 of a cent on the dollar. Could you, would you, resist the temptation to go in and buy everything in sight realizing that they only way for it to go is up?

I guess what I am saying is, in your opinon, would you agree they really don't have much of a choice other than to r/v and r/v substantially or else risk all of the nations/large investors of the world coming in and randsacking their economy. Speak about economic shock, when their economy goes from where it is today to perhaps doubling, tripling, dare I say quadroupling practically overnight, do you really think the cbi could effectively manage this sudden influx of cash practically over night?

Granted the counter argument has been that since a loaf of bread costs 1500 dinar and a pair of shoes costs 15,000 dinars then you really can't buy up the country on the cheap. Oh, really? How much money is 15,000 dinar in usd? Pretty cheap by world standards. If Iraqis work for between 1 and 2 dollars a day, What international corp wouldn't want to come and build factories realizing they can hire some of the most educated workforce in the ME for pennies on the dollar as compared to the surrounding countries.

People are concerned about security as they should be. And as documented by the news their enemies have a lot of bullets. But in addition to fighting bullets with bullets, they will have to try and overcome a virtual tsunami of dollars pouring in from hundreds if not thousands of internationsl corps as well as other countries coming with billions and billions of dollars in hand invading their country in the quest of profit. When the flood gates are opened legally by the implentation of the pending (passed?) international laws, they really don't have much of a choice other than to r/v and r/v substantially do they?

When the international investors see that their money won't be confiscated, (when their currency is traded in the international market, listed on the forex) then in the currency markets the dinar will become "paper gold" and the cbi will be hard pressed to control the undoubtedly to come wild fluctuations due to buying and selling by the big players and multinational corps entering into Iraq if they don't r/v substantially wouldn't you think?

If they are going with their stated goals of overcoming the dollarization phenom, raising the dinar where it was before, making the dinar the currency of choice among their people, combating inflation, then they are going to have to raise it and raise it big if they were serious about acheiving their stated goals, aren't they?

Can they really afford to "dribble it out" once their international laws are in place? It is doubtful to me that so far they have had the desired effect of bringing inflation under control yet. They may have reduced it somewhat but the floodgates of international trade haven't opened yet. How do they expect to make their dinar the currency of choice vs the dollar when billions and billions of dollars flood the market place? No one will want to carry wheelbarrels of dinars to do business when they can use much fewer dollars instead.

In summing up, I hope my instincts are correct in some of the above, Hopefully the cbi realizes the potential mentioned above and decides to get off the pot and r/v their currency at a decent rate (.30+ is a decent place to start IMO) and then control the rise from there to the Saddam rate and above or at least to where it was before. Isn't it time for the artificial "program rate" to come off and allow the dinar to appreciate to where it rightfully belongs? If Iraq does indeed desire to become a real country, then it needs it's own real currency that actually has some value to it based on their net worth not some pathetically low artifical rate imposed on them by the world banking system. IMO

Thank you for taking the time to read the above rant,

worf

Well said!

Also, what I have noticed is that the CBI has not updated the key indicator figures for the past couple of months. If they were as important as they say they are, then I wonder why they haven't updated. My instincts tells me that they do not want the world to know the true picture of how well they are doing fiscally! They are still in process of debt forgiveness and with the billions involved, they are milking it big time! Also, they are milking the USA with all the security and $2 trillion in aid and USA lives!

Folks, something has to give and it isn't the free lives of our fallen soldiers!!! They know what they are doing and they messed up along the way. They are at a point to move quickly and with the new year, they will. In the meantime, I shall continue to monitor the financials. They have accumulated USD$billions and have USD$billions in reserves to handle a revaluation. They have the support of the IMF and all the world.

LET IT REVALUE NOW!

Originally Posted by mike brown

what is the biggest swing ever in a countries currency price,
in a 24 hour period, up and down?

anyone?

Originally Posted by Inscrutable

Although I will not use Paypal or electronic payment services for various reasons you can count me in by PM' ing mailing details.

I too would like the mailing info., as well as childern's ages and likes/dislikes. It would be my pleasure to send presents!!

Melissa

Sorry if posted before

Karbala News Network -12 / 12 / 2006

Karbala, the holy-An intelligence source in the Iraqi capital, Baghdad, that the organs of confirmed information on the terrorist cell entry to the holy Karbala Lennon carry out terrorist operations in the holy city.
And added that the intelligence services are able to obtain this information associated with this terrorist cell through strict and intense in the capital Baghdad and some areas such as Mahmoudia and Latifiyah, which also called triangle of death.
Said that the cell consists of five elements, including snipers and another carrying a weapon fullness of the voice and did not enable us to this moment, information on the other two but their intentions clear by the nature of the weapons they used to come to Karbala do assassinating some well-known personalities in this holy city.
And he continued to enter our Al-trapped car to Karbala prior to the incident more than a week ago and have reached Aboalolid police commander of Karbala matter, but he did not care for this information.
It is noteworthy that the explosion was caused by a suicide car bomb on Saturday, killing nine people and wounding more than 40 others.

ÔÈßÉ ßÑÈáÇÁ ááÃäÈÇÁ

Cheers!
DayDream

Originally Posted by mike brown

anyone?

I tried searching this out yesterday with no results. I even went back to 1989to the present on the Kuwaiti Dinar and found no fluctuations up or down.

Cheers!
DayDream