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

it's their weekend today and tomorrow. Check back on Sunday
Mo

Originally Posted by smcquiller1

Can someone help me please? Was there no auction today? I see the rate of 1411 still as it was yesterday. We have been talking about the leak, slip or good news so much regarding the .66 that I have not noticed anyone speaking about the auction. Please update me...maybe I missed it.

auctions posted Sunday - thursday

nevermind

Originally Posted by Precocious

All this talk about .66 and that it needs to be right because one would need at least $6,600 to start a business is not justification to change the rate. The misprint or mis-translation may have been on the other side of the equation. A 10,000,000 dinar loan is about $6,600 dollars.
Monetary value is based LARGELY on GDP. Iraq's GDP is about $94 Billion annually. At a $0.66 exchange that would give Iraq $10 US Trillion dollars worth of currency in circulation (buying power). To put that in perspective USA GDP is about $12 Trillion per year yet we have under $1 Trillion US dollars in circulation (cash) and about $3.3 in liquid bank deposits.

that would mean they are going to give loans totaling 1 trillion dinar

Originally Posted by rvalreadydang

Susie, susie, susie ( a little Carrie Grant there, lol) i hope your wrong, LOL i could handle the .66 for a partial cash in, and then when it rved at the 1.20 or above cash in the remainder sooo, i'm stickin with the article, and waiting for the 1.20 soon after

thats fine, im used to being on my own with these things and i can more than handle it. lol

Originally Posted by kiko

Iraqi-American troops gear up for battle of Baghdad
Baghdad, 15 December 2006 (Gulf News)

A total of 250,000 Iraqi and American troops are expected to be deployed in Baghdad to ensure security.

Hadi Al Amiri, Chairman of the Security and Defence Committee at the Iraqi Parliament, said they would take up positions across Baghdad.

The move comes in line with the recommendations of the Iraq Study Group's report, also known as the Baker-Hamilton report, which was released recently. Al Amiri told Gulf News that Iraqi Prime Minister Nouri Al Maliki is determined to win "Baghdad's battle", considering it a decisive one to improve the security situation.

"The battle is agreed upon within the Political Council for National Security, which comprises the leaders of political blocs, including the Sunni Accordance Front," Al Amiri said.

All political leaders have now agreed to activate the role of the Iraqi army and police to help achieve security and put an end to the uncontrolled presence of armed militias, he said.

Earlier, political groups were divided over sending Iraqi forces to attack gunmen inside residential areas because the move was viewed as a sectarian act, Al Amiri said.

Babakeer Zebari, the Iraqi army Chief of Staff, said: "Baghdad will be the centre of a comprehensive and firm plan to rid the city of all gunmen."

According to Major General Hussain Ali Kmal, Head of the Intelligence Department at the Interior Ministry, there are between 7,000 and 9,000 armed elements from Al Qaida and the former regime.

Due to the new security plan, Baghdad is likely to see long days of curfew and raid operations. Gunmen were seen putting up barricades in preparation for what seems to be battles with the troops.

Iraqi-American troops gear up for battle of Baghdad | Iraq Updates


Just a thought!

We don't know officialy if this HCL is done, we expect it!
OSW stated it that it is in place or will be enacted this Sunday (perhaps).

We have read the statement about "returning to normal circulation" and the "official exchange rate" and many others that pointed to years end (which almost is).

I also think HCL is a key to the RV. ICI is or will be done around now.

They are gearing up 250,000 troops with days of curfew.

Wouldn't it be perfect to RV during these curfews days!

They improve the security with all the troops and at the same time they are tackling their real problems which also a cause of all the violence.

It's just a thought but it could make sense!

and add at least 2 days to this report since its IRAQI UPDATES.

Economic : Trustees of the Stock Exchange : Iraqi President : The time has come for the implementation of the Law on Investment

تقرير اقتصاديAn economic report
بغداد - حيدر الربيعيBaghdad-Haider spring
The President called Tabatabai Trustees Stock Exchange that the Iraqi security situation more work Mayaaik Stock Exchange, as well as the investor who faces considerable challenges resulting from this security deterioration, ... However, he pointed out that the status quo

Is temporary and exceptional and therefore must be maintained consistently on the bourse performance, as illustrated by general indicators, which confirms that the development in performance continues to be a salient feature in the march of the market.
…He added Tabatabai in a press statement : that the lack of real investment and the appointment of its members and direct the work of a great disappointment among investors in the Stock Exchange of Iraq, particularly the efforts made by workers in the bourse, specifically with regard to updating the performance, since being installed equipment and supplies electronic trading in terms of organizing rooms Stock Exchange for this purpose, he said, adding that such electronic paintings used for the first time in Iraq ...
Tabatabai and expressed the hope that help many factors, the investments by shareholders better than it is now in the forefront of these factors the security situation.
Tabatabai pointed out that the number of shares that have been circulated in the month of September amounted to 4,212 billion shares, an average of 527 million shares of one process, registering an increase of 54,9% on last August. And the volume of transactions in the month of September Tabatabai said that the amount of 8,422 billion dinars, or the rate of 1,052 billion dinars for one meeting. And the number of contracts executed in the same month, it increased to reach a contract in 2928 for the month of August.
Tabatabai also stated that the banking sector is the main engine of the market, as this sector has achieved greater relative importance.

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

another good one too long so follow link for full story
__________________________________________

A number of heads of major international companies to participate in the reconstruction of Iraq, the second exhibition in Sulaymaniyah :
السليمانية: ((موفد الصباح))ياسر المتوليSulaymaniyah : ((envoy morning)) Yasser incumbent
Fair Cordstan DBX Second International held in the city of Sulaymaniyah last month produced a reality at the level of economically advanced province and the result of broad participation of the major players in global companies.

The case, as well as the construction of the exhibition there Asher initially valid for the start of major construction campaign in the Territory early in 2007 as the teacher of this great cultural influences in attracting international investments after the companies found insignificance in the selection of the investment environment and security stability and economic available.
What is remarkable is that senior businessmen and entrepreneurs and owners of companies participating in the exhibition, expecting that Iraq will be the future of the market (according to the expression) with its large and geographically diverse, and, most importantly wealth enshrined owned as well as a closed market and is open to the world since nearly 15 years. Businessmen who talked to Al ((morning)) on the possibility that the Kurdistan region a center for attracting foreign investments and the gateway to spread to the rest of the governorates of Iraq when the security situation improved and political and economic stability.
Chairman of the Chamber of Commerce and Industry Dr. Iraqi American. Raad Omar revealed that 2007 would witness economic activities will be held as an exhibition III, but this time in Arbil to complete the implementation of the objectives set out in launching campaigns construction and reconstruction in the Kurdistan region and then studying the possibility of implementation in the southern governorates with the other type of good stability, according to the recipe.
Translated version of http://www.alsabaah.com/

Originally Posted by MrsCK

WELL EXCUSE ME FOR GET ON THE TAIL END OF THE EXCITEMENT LAST NIGHT SINCE THERE WAS OVER 10 PAGES OF PEOPLE JUST POSTING A "WOOT" ETC WITH NO "SORRY NENO" ADD TO THEIRS - I JUST WANTED TO SHOW MY EXCITEMENT. BUT SINCE YOU FOR SOME REASON SINGLED ME OUT I WILL KEEP MY EXCITEMENT TO MYSELF!!

Originally Posted by PaulieThaGreat

Im not sorry for any of my posts recently especially the jetsons one. I thought it would be something funny that would put a smile on our investor's faces! I just wont post anything anymore...... It was spur of the moment and thought people would get a kick out of it. If they didnt get a kick out of it im sure they would have told a mod and it would have been removed. Im sure the mods will agree it was funny.

Don't worry about it guys. Have you noticed that risktaker was the only one saying anything? I like the funny posts. They lighten up the mood.

Sorry if I missed something, but has anyone heard anything more about the FIL being enacted?