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

The World Trade Organization (WTO) Director hails appointment of chair of Iraq accession working group
The World Trade Organization (WTO) Director hails appointment of chair of Iraq accession working group
16/12/2006
Source: Kuna

The World Trade Organization (WTO) Director-General Pascal Lamy said Friday that the appointment of the Chair of accession working group for Iraq today is an important step in the process of anchoring Iraq in the Multilateral Trading System.

In a statement to the Kuwait News Agency (KUNA), Lamy added this is a system of rules that provides stability, transparency and predictability to international trade exchanges.

"But the process of accession to the WTO is always a long and difficult one and will require a lot of work on Iraq's side. I know that Iraq has already provided initial material for the Working Party like a Memorandum of its foreign trade regime and replies to questions raised by its trading partners," he said.

Lamy stressed that this positive development and the appointment of the chair of the Working Party means that the negotiation can now start in earnest.

Iraq had requested accession to the WTO in October 2004 and the working group was established two years ago, but there was through the two years no chair to start the process.

The new chair whose name was adopted by consensus in the General-Council today is Colombian ambassador Claudia Uribe who will proceed in 2007 with the meetings of the working group for the accession of Iraq.

Originally Posted by Bubba Dinar

Interbank means between Banks! You personally cannot trade the Interbank Market. Bank-to-Bank. It has been trading FOREX Interbank for about a year.. I believe the CBI sells to banks, other than the Iraq CBI Member Banks thru the FOREX Interbank Market. Do you really think the Billions of Dinars that Chase, B of A sell have been smuggled on donkey carts over the Jordanian Border? I bet your Munkey Model needs to be updated again!!

I think I broke a rib!

Originally Posted by MunnyBaggs

Pippy, that mystery has been solved. Not sure if this has been posted here or not but:

How the sentence in the article was written:

Each family will be given a loan of 10,000 dinars (approx. $6,600) to start the project, he said.

Should have been written:

Each family will be given a loan of 10,000,000 dinars (approx. $6,600) to start the project, he said.

Looks like the reporter, or transcriber, or editor left off three zeros. 10 million IQD at todays .00066 rate = around $6,600. Mystery solved. Why would some Joe Palooka reporter have any more inside information than anyone else? First instinct was right, this was a misprint.

I see you almost contredict every post. Can you prove that this was a MisPrint? If not I will ask you to slow down on the attitude. I think you are trying very hard to figure this out. But you seem to never be open for anyone else's theroy are thoughts. It seems to always be your way. And Frankly, I understand the Backlash. I have not heard, or seen anyproof as of yet, to this being be a misprint. All I have read is that it is checked several times before being printed. Now, Hardwood is awaiting a email from London, as Adster, posted his responces from this aswell. Still no proof.

Originally Posted by MunnyBaggs

First I've heard of this. Can you prove it? Have you made any buys or trades on that market? Anxiously awaiting your answer because this is HUGE news.

Oh, and btw I'll edit to add the Model has been updated today as you can see below. Thanks for the advice tho, bro!!!

If you want to check the latest FOREX Interbank Rate for the IQD pairs, this site is good. XE.com - Information on The IQD Iraq Dinar The rates quoted are the mid-point between the Bid and Ask Values.

Originally Posted by MunnyBaggs
Pippy, that mystery has been solved. Not sure if this has been posted here or not but:

How the sentence in the article was written:

Each family will be given a loan of 10,000 dinars (approx. $6,600) to start the project, he said.

Should have been written:

Each family will be given a loan of 10,000,000 dinars (approx. $6,600) to start the project, he said.

Looks like the reporter, or transcriber, or editor left off three zeros. 10 million IQD at todays .00066 rate = around $6,600. Mystery solved. Why would some Joe Palooka reporter have any more inside information than anyone else? First instinct was right, this was a misprint.

Originally Posted by JoeDinar

The last CBI rate is .0007087@1411. To get the .00066 to work it needs to be @1515. So how do you fig the misprint is on the 10 mil.??? I liked it better when you were over on IIF. Hey here's an idea...Why dont you leave here and go Back to IIF!!!!!

So let's do the math at the last CBI rate you quote: 10,000,000 IQD x .0007087 = $7,000. Wow, $7,000 is such a huge difference from the $6,600 value published above. Are you sure the reporter used today's exact rate? Do you think maybe this interview was done awhile back at a slightly different rate?

Cautious optimism on the part of participants in the conference strong

(Voice of Iraq) - 12-16-2006
This issue was sent to a friend

Cautious optimism on the part of participants in the political forces
Ismail Hadi Hadi Al-Qattan,

Baghdad - (Voices of Iraq)

A number of participants in the national reconciliation conference of the political forces in Baghdad, held third cautious optimism with regard to the outcome of the conference expressed some regret at the absence of some political blocs to attend the conference.

He said President Massoud Barzani's Kurdistan region, the success of the experience of the Kurdistan Ntabik achieved thanks to the principle of tolerance with everyone.

The Barzani, in a statement to the News Agency (Voices of Iraq) on the sidelines of the Conference of Independent that the "application of the principle of tolerance with everyone helped evolution of the political process in Kurdistan and we we would like to emphasize on this experience and strengthen through this conference."

For his part, Vassall Alcaud Anbar governor and the former secretary general of the Iraqi solidarity, the atmosphere was positive, but noted that the authority had not attended the conference with the participation of the opposition, or carry weapons, which reduces the chance of success.
And on what has been achieved during the meetings today explained Alcaud told (Voices of Iraq) that a mechanism consisting of three points for balancing participation in the political process and the follow-up discussion to dissolve the militias and the Constitution and federalism.

He added : "The meetings will resume tomorrow, I am optimistic about the possibility of achieving positive results."
On the other hand, Mr. Fread Raunduzi the Kurdistan Alliance that the Kurds always seek to achieve harmony and reconciliation between the blocs and national parties through the efforts being made to overcome the difficulties and bring drew attention between all parties involved in the political process.
In the same context, Mr. Ayad Jamal Al-Din of the Iraqi List, "We need for reconciliation between the forces participating in the parliament and the government as the differences between floating on the surface forces in the Parliament needed to conduct more than a reconciliation conference.
He added Iyad, told the (Voices of Iraq), "How to make a project of reconciliation with the forces opposed to the political process which is basically (the state) did not guarantee a minimum level of compatibility with the other core components."

His member of the House of Representatives from the United Iraqi Alliance, Hadi Al-Ameri regretted the absence of a number of blocs and political trends to attend the conference and said that national reconciliation is not a magic occur quickly.

He said that the committees of the conference formed to study issues such as the question of abolishing the Baath Party and the military and improve government performance, the economy and services, and addressing the issue of the militias.

He added that the project of reconciliation needs of the sons of Iraq, opened the pages of dialogue and serious dialogue and goodwill to resolve the crisis, pointing out that the foundations that have been adopted to involve political entities in the conference is the position of (terrorism) and the emphasis on the unity of Iraq and non-dividing and that can proceed, however, only the state and dealing with employees of the dissolved ministries according to the law of retirement, which will be implemented soon and to narrow the scope of the Ba `ath party.

He pointed out that the current Iraqi army contains between 80 and 90% of employees of the former army could not contain all the members of the former army into the new army.

He said that the remaining two will be able to request retirement.
In the same context hoped Safiya Suhail member of the House from the list of the Iraqi success, and told (Voices of Iraq) that the organization of the Conference and has success factors when it opened for dialogue with the other, away from the zone.

Denying that the Iraqi List has withdrawn from the conference and said that the Iraqi active member of this conference and has partnerships through effective representation in the committees emanating therefrom.
H n

Washington welcomed the convening of a conference of national reconciliation in Iraq

(Voice of Iraq) - 12-16-2006
This issue was sent to a friend

The White House welcomed the national reconciliation conference in Iraq, which convenes on Saturday the invitation of Prime Minister Nuri al-Maliki, despite the fact that a number of Iraqi leaders announced that they would not participate in it.

He said White House spokesman Tony Snow that the Iraqi Prime Minister fulfill a promise made at the beginning of this year.

"It is clear that reconciliation is one of the major challenges faced by the Iraqi government. The Prime Minister has called many of the political leaders from inside and outside Iraq to work on a plan to unify the Iraqis from all religious, ethnic and political. "

Snow spoke on the objectives of the conference and support the United States has said :
"One of the fundamental objectives of the conference is to get rid of the violence, claiming the lives of the people without any reason, and to pave the way for the conduct of democratic progress in peace and security."
On the other hand, Tony Snow said that the new Defense Minister Bob Gates functions of the Ministry of Defense would carry with it a change in dealing with the Iraq issue, as President Bush announced that the minister will come with a renewed Gates on the subject of Iraq.

Snow added that Donald Rumsfeld, who spent Friday, the final day of the defense minister has expressed regret at not being able to achieve positive results within the required time in Iraq.

Snow said :
"It is clear that there will be a change but I leave this change and the nature and extent of President Bush. On the other hand, it is certain that the minister Gates part of the process of change. "
Sawa

Originally Posted by Bubba Dinar

Interbank means between Banks! You personally cannot trade the Interbank Market. Bank-to-Bank. It has been trading FOREX Interbank for about a year.. I believe the CBI sells to banks, other than the Iraq CBI Member Banks thru the FOREX Interbank Market. Do you really think the Billions of Dinars that Chase, B of A sell have been smuggled on donkey carts over the Jordanian Border? I bet your Munkey Model needs to be updated again!!

But everyday investment FOREX traders is what I was talking about. The interbank trades don't move the value the CBI sets the value for those exchanges. Huge difference, Bubba.

Originally Posted by MunnyBaggs

So let's do the math at the last CBI rate you quote: 10,000,000 IQD x .0007087 = $7,000. Wow, $7,000 is such a huge difference from the $6,600 value published above. Are you sure the reporter used today's exact rate? Do you think maybe this interview was done awhile back at a slightly different rate?

You can work the math that way if you choose. But there has not been any proof that it is a misprint. So until there is, are you sure the report didnt use .66 rate of a insider leak? The report is dated. All the questions you ask are of no proof of what you say. I am starting to think that you are here for trouble. I will ask that you stay on a fact base post. If not I will have to take messures with your membership. I fill that you are trying way to hard. Try to relax and be more open. I promise you will have a better time.

Originally Posted by Bubba Dinar

Interbank means between Banks! You personally cannot trade the Interbank Market. Bank-to-Bank. It has been trading FOREX Interbank for about a year.. I believe the CBI sells to banks, other than the Iraq CBI Member Banks thru the FOREX Interbank Market. Do you really think the Billions of Dinars that Chase, B of A sell have been smuggled on donkey carts over the Jordanian Border? I bet your Munkey Model needs to be updated again!!

I have wondered several times how and why were the numbers changing, what was making that happen. Is this the "transfers for abroad" statement that occurs on the auction page? Your explanation sounds reasonable. Thank You.