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

Originally Posted by Hope Full

it looks like we shall pass the imf total of 1345.

Exactly. We'll see this number just pass by on the way to the real RV.

Inspector General of the Iraqi Ministry of Oil : Oil is the only bet the future to raise the standard of living for the Iraqi people

Called for the restoration of a law the Iraq National Oil Company

BAGHDAD : Ali hailed
The Inspector General of the Iraqi Ministry of Oil Ali Mohsen Ilaq that recent statistics showed that the average annual per capita income Iraqi arrived to 41 dollars, and 54% of Iraqis spend less than a dollar a day, so the oil is betting the future only to raise the quality of life, and service orientation and living in this country.

He added Ilaq said in a statement that «Iraq ranks second in the world in oil reserves, it produces about two million barrels per day and exports less, in spite of what Iraq needs to increase its revenue to meet the requirements of building and construction and raising the standard of living of citizens requires taking a host of measures to boost production and export of crude oil and natural gas. The most important of these measures, reinstatement of the Iraqi National Oil Company because of its positive impact in achieving a better framework for the management of actors oil and expeditious issuance of the necessary legislation in the management of wealth and investment so as to ensure the entry of international companies specialized in order to expand and develop productive capacities and increasing exports within the system balances the objectives of the State and investors and to achieve better conditions for investment, competition and the provision of financial system in particular is flexible in the area of financial allocations and funding system so as to achieve facilitate the task of completing projects and equipment.

So as to achieving higher rates of production and discharge and also provide the necessary protection for oil-sector installations and pipelines of what incurred by Iraq from losses goods worth billions of dollars due to suspension of export operations from Kirkuk to Turkey or to the the refineries of Iraq, while giving topic utmost importance and the adoption of the modern techniques and keeping abreast of developments in the petroleum industry and the replacement of old practices which was adopted the continuity of the extraction, pumping at the expense of standards and measurements to maintain and safeguard the wells and fields, and accelerate the implementation of drilling programs and the reclamation of old wells and the repair and maintenance and protection Ballistic export North, South and Western including achieves the necessary flexibility for export. Ilaq also stressed the importance of reviewing in detail the markets Laboring as to achieve the maximum benefit and better returns in oil exports from Iraq is done by reconsidering markets entity for Iraqi oil with the expansion of dealing with the Middle Market as it is in better returns. The matter requires an expansion of the activity of research and study in the company of marketing oil through the market research deactivated currently providing a base of information and follow up scientific to the market to serve the access to estimates and forecasts serve the purposes of sale prices and work on gas investment and to stop the waste of gas combustion, which is about 60% of gas production This investment will add important for Iraq to stop hemorrhaging import of liquid gas to meet local demand as well as the real potential of export.

The procedures that should be implemented in the short term are summarized in the speedy implementation of the United meters and metering in all locations oil and reconciliation procedures quantity, quality and speed up the implementation of projects related to the export system at ports and other sites and the development of ports and Khazneh building and the provision of advanced crew, and the establishment of a new export and study of the causes of non-implementation of investment plans to increase production and increase export capacity to work on them. It must be stressed here on the need for accountability for the failures that have occurred in this area since the non-implementation as low not only because of force majeure, and finally training cadres specialized technical training will be in accordance with the global controls to examine the specifications of crude oil export ports to contain the risk of manipulation in the accounts of the oil intensity (subscription television and program services) and the amount of water and salts, as each degree of intensity cost 40 cents.

As well as putting the amount of water and salts and sediments of the total quantity exported and the activation of a new foundation for the pricing of crude oil and other products and not to rely on quotations neighboring countries as a primary source and the development of a new mechanism to reduce the fines implications of the delay charging ships of crude oil.

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Kirkuk crude in Ceyhan port rose to 3.5m barrels



MENAFN - 24/12/2006




(MENAFN) An anonymous source said that that Iraq's stocks of Kirkuk crude in the Turkish port of Ceyhan increased to 3.5 million barrels after the resumption of exports through the northern pipeline for a short period, Iraq Directory reported.

He added that around 350,000 barrels of Kirkuk crude was pumped to Ceyhan during the operation of the line, that the stock hit 3.5 million barrels.

The pumping through the pipeline stopped before on November 21; one day after it was operated.

The pipeline is out f work most of the time since the invasion led by the United States to the country in March 2003 due to sabotage attacks.

Originally Posted by rvalreadydang

pardon me if already posted

Since the founding of the Iraqi state in 1922 and within legal recognition of Iraq. There are legislative and executive powers, legal and governmental institutions, was formed in the light of that government under the Constitution, including the (currency issue)



الدولي.The Iraqi dinar unit of measure deals by the Iraqis in the market compulsory The Central Bank is the issue of this currency, according to a special law, and the Iraqi dinar has good cash at home and abroad, because Iraq is one of the oil exporters then and still, and that the Monetary Iraqi rolling value of the dinar (nominal) specified by the law has become a standard for exchange transactions, retirement and international circulation according to the rule of gold though related example pound British Before the revolution the 14th of July 1958. Especially in terms of credit and foreign transfers, as it has a metal cover coupled with stable, especially after the liberation of Iraq from the ring (Pound sterling) remained as the cash list them (real value) compared to international rates.
ر.In spite of the many shocks that hit the developed and the developing countries in conditions of political and economic changes led to the decline : Many of those currencies are dangerous, and we cite here, for example, only a few.
30.Where was (Deutsche Mark) for the equivalent of the American dollar (6 trillion) by the nominal value of the defeat of Germany in World War II by the Allies. As Annse what happened to the American dollar in the same 1972 fuel crisis in the rule of the American president (Nixon) of the floating landing and dangerous and deteriorating values of exports and imports to American foreign goods and services. What is the reason behind the latest deficit and a serious crack in the structure of the American economy, which led to the issuance of (American gold bullion with the Ministry of Finance, stored in the global markets. He did not receive such a decline of the dollar, which happened before, and even in the international recession in 1930.
واذا.If we condemns between Iraq and its neighbor Iran in 1980 until 1988 of a devastating war sapped the energies and human infrastructure of both countries, but the Iraqi dinar has not been affected as much Magder keeping its true value and the relative stability and has remained steadfastly circulation throughout the war, especially between the neighboring countries. But the Iraqi dinar has remained intact value of the cash and the rapid circulation and public confidence in the daily transaction. But what happened is it has been difficult for this criticism (dinar) that the can stand on its own two feet no longer of value (nominal value) any the stability of has been for this event serious development in the structure of the Iraqi economy after the government moved to conduct a preventive measure was wrong if it passed or the equivalent of (millions of dinars from the category of 25 dinars) led this would be that the dinar the words on the (commercial paper) in value (nominal value) Perhaps this sinister phenomenon with misconduct by the then government made it monopolizes (the dollar) the American in the Iraqi market, remained dinar patients is incurable from be bolstered or inflicted appropriate solutions. Because the performance evaluation of the monetary fine Iraqi particularly in the year 1994 after the penetration of the dollar is in the ring that he had not actually modifying any real value to the unity of the Iraqi dinar exchange measurement) to the dollar. Despite the fact that Iraq has enormous oil wealth more than the rest of the world in terms of trade credit and cash deal, especially European countries.
يBut the contrary is true as he got the American dollar on economic policy Iraqi dinar has not been able to stand up to him after the removal of the former regime and the loss of state control over strength and Bniaha economic and commercial How will the stability of the Iraqi currency
ذلك التدني..؟Represented by the patient (the dinar), which can not be cured under the umbrella of the American dollar pontoon got the whole Iraqi market. It is the seller and the buyer of Iraqi Aitamel only (by). Who is responsible for this decline?
؟The question before the Ministry of Finance as the Minister stated before on the need for (evaluation Iraqi dinar) and called for the activation to the volume of the American dollar. Will the Iraqi parliament seeks to lay the foundations evaluation of a new monetary unit. Or will the dinar against the dollar circuit? And how low the Iraqi economy to atrophy if the dinar to the spinal column that can not withstand and integrity?


http://www.alsabaah.com%2f&langpair=...&hl=en&ie=UTF8

Can someone help me here. I'm getting mixed messages from the last paragraph

Originally Posted by jsfletcher

Can someone help me here. I'm getting mixed messages from the last paragraph

That sentence is saying "When Will They R?V"
They need to get it going or it is going to be a problem.
The need the put the HCL, FIL and all the other laws into place, so they can get the dinar on the open market.
They are also telling the parliment to hurry up and make your desission and keep thing moving because they have investors at there back door sorta speak.

So lets all say R/V it is time!!!!!

Originally Posted by jsfletcher

Can someone help me here. I'm getting mixed messages from the last paragraph

yea I think it saying lets get the dinar up to a respectable value and let the lower denoms come out or new catagories as stated in previous articles we have read last month

Originally Posted by jsfletcher

Can someone help me here. I'm getting mixed messages from the last paragraph

And the other thing is what are they going to open it at!
is it going to be 1:1 or is it going to be equvilant to the other surrounding countries or higher.

I would love to see it equal to or higher then all of the other countries myself

I got this from the (dark side) but its good....

I think we are on a express train to higher rates while maintaining stability and not shocking the system. Here is why, a colleague of mine from the co-ops side of things had a meeting with Shabibi and asked him about the low currency rate and stock prices. Shabibi asked where in the world could you purchase banks stocks at 20 to 30 cents per share. Colleague said no where. Shabibi says you won't be able to in Iraq either. IF this is true and I believe it is, we will see higher rates before the ISX is open to all. We are watching a managed float right now. We are seeing alot of hype about the Iraq economy, which is good. The CBI is showing that they are in control of the currency have been able to meet demands in the past and will be able to in the future, building confidence. My dinar is up 10% in the last thirty days anyone else? It is just starting.

Originally Posted by jsfletcher

Can someone help me here. I'm getting mixed messages from the last paragraph

It's speaking of setting a respectable exchange rate for the dinar. We already no there is no other solution that the IMF and CBI would accept.

Remember the MOF suggestion concerning three zeros had "SUPPORT" of the world bank and they aint supporting anything other than lifting zeros off the exchange rate period.

Former Iraqi prime minister rallies Arab countries for a regional conference on Iraq - Africa & Middle East - International Herald Tribune

CAIRO, Egypt: Former Iraqi Prime Minister Ayad Allawi is canvassing support from key Arab governments for a regional conference that he said would bring stability through drastic changes to the country's political process.

Allawi said he wants Arabs to send in troops to Iraq and to help set up an Iraqi "striking force" that would disarm the militias and other violent groups in the beleaguered nation.

The proposal indicates the secular politician's intention to stay a part of Iraq's mainstream politics despite his diminishing power base in the deeply sectarian society.

"We want to bring all the concerned parties and make them sit at one table and work together to end the Iraqi problem," Allawi told a group of Egyptian analysts and writers during a stop in Cairo late Saturday.
!

Allawi said his proposal includes a conference that would bring together main Iraqi groups, Iraq's neighbors and other regional players to try to end the nearly four years violence that is tearing the country apart.

He said among suggestions he is making to Arab leaders is to have them help set up a "strong security, military and intelligence apparatus that would be able confront the militias."

Striking on moderate Arab government's worries about increasing Iranian influence in Iraq, Allawi also warned that Tehran was "interfering forcefully" in Iraq and suggested the proposed conference deal with other regional issues.

"They are all entangled, so let us sit and untangle them," he said, without elaborating.

Allawi, a former exile and surgeon who was once a member of ousted Iraqi leader Saddam Hussein's Baath Party, became postwar Iraq's first prime minister in 2004 at the head of an interim government.

In the country's first post-Saddam elections in 2005, Allawi, a secular Shiite, and his party were routed by a coalition of religious Shiites, and he was effectively sidelined as leader of the parliament's 25-member unpopular secular bloc and spends most of his time outside Iraq.

But his proposal suggests that he may plan a comeback with possible help and backing from Arab governments. On Sunday, he met with Egypt's President Hosni Mubarak. No details were available about their meeting.

But many believe that Allawi lacks the political force to stand up to the militias and other violent groups that have increasingly gained power.

They also doubt that key Arab governments would be willing to send troops to Iraq.

The outgoing U.N. Secretary-General Kofi Annan also has suggested holding a conference on Iraq that he said would be useful if the political parties involved met outside Iraq.

In its report released earlier this month, the U.S. bipartisan Iraq Study Group also recommended to engaging Iraq's neighboring nations, including U.S. adversaries Iran and Syria, in an effort to ending the violence in Iraq.

Iraqi Prime Minister Nouri al-Maliki said that his government would send envoys to neighboring countries to discuss possible contributions to building security and stability in Iraq.

Other top Iraqi politicians, including President Jalal Talabani and Abdul-Aziz al-Hakim, who leads parliament's largest bloc, have in recent days rejected the suggestion for an international conference.