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

Just one day to see if this time if the Government is going to give the people of iraq what they are promising. If this one goes down, I would say they are finaly implementing things. I believe it is all ready.

Originally Posted by DayDream

12-25-2006

The property claims distributed 22 billion dinars paid out in a special ceremony

Mr. Ahmed Brak, chairman of the property claims, that the Authority will be distributed on Tuesday, the 26th of December 2006, amounted to 22 billion Iraqi dinars to those affected by the policies of the former regime who had their property confiscated illegally and outside the law.

He said that there Brak Thirty-three decision issued by the body to compensate citizens lost their property, as a result of the arbitrary policies of the regime of Saddam Hussein and those citizens attending the special ceremony in Baghdad attended by Prime Minister Nuri Kamal al-Maliki and a number of senior officials in the State.

He added that the lawsuits consider the thousands of property disputes which is a serious and perseverance in order to compensate those affected as soon as possible "because Iraqi citizens have waited a long time and is sufficiently so far." He added that the Iraqis expect the new system to assess the right and compensate affected by the policies of the past and that is exactly what the body in the area of competence and in accordance with the law, pointing out that the Commission consider meticulously in such cases in order to ascertain from the documents before giving everyone his right.

He added : The problem of arbitrary abuses under the regime of Saddam Hussein is complex and large, there are thousands of Iraqi citizens who are demanding their rights usurped state is the duty of the State to restore these rights to their owners as soon as possible, or at least be compensated for those who could not return the property.

Sotaliraq.com

Cheers!
DayDream

There are a few optimists at "the Devil's own forum", this is from over there:


Agreed, it is only hearsay, but I think you would have to admit, it makes sense. I just can't see them opening the ISX to the world with everything as penny, and sub-penny stocks.
I also don't believe Shabibi will continue to improve the rate on a daily basis once the country is open to FI, it's just too predictable.
1345, or even 1260 isn't going to dedollarize the country, nor reign in inflation, currently Shabibi is just chasing it.
I've said this before, the GoI has promised the people a 10k dinar handout a multitude of times, yet no handout to date....coincidence? The FIL was finalized by Talibani weeks ago, and the country is screaming for FI, politicians and economists all saying this will do great things for the country....so why then hasn't it been implemented yet, again, coincidence? Personally, I'm not big on coincidence.
I believe Shabibi's current exchange rate regime is only to stop further worsening of the inflation rate and, more importantly, to allow banks and the people the time to realize what is going on and allow them to dump dollars and hold dinars.
I believe Shabibi will make a substantial jump in exchange rate prior to implementation of the FIL, and the re-opening of the ISX.

Originally Posted by rvalreadydang

The dinar will continue to rise against the dollar

بغداد- المواطنBaghdad-Citizen
الدينارThe price of the dinar has risen against the dollar in an auction yesterday, Monday, the Central Bank. The sale price of the dollar in an auction Monday, which is Elsa hoses and the twentieth consecutive year in which he records the rise in the value of the dinar dinars in 1345 after it was 1352 dinars to the dollar on Sunday. The quantity sold rose significantly from the dollar to reach 16 million and 450 thousand dollars, after they had 11 million and 635 thousand dollars. The Central Bank bought two million and 900 thousand dollars at 1343 dinars to the dollar. The number of banks participating in the auction today of six banks after the nine banks Sunday. He said the Iraqi Central Bank that the reasons for the rise in the value of the Iraqi dinar against the dollar due to the stability in the auction sale of hard currency that would be built by the bank on a regular basis without a rate of the real exchange rate. The head of the Research and Statistics, Dr. Mohamed Saleh appearance "that the rise in the official rate of the dollar to its real absorbed a large part of inflation in Iraq, which represents 30%." He added that "the rate of 75% of the real exchange rate of the dollar to improve, and is of tradable goods, such as oil revenues, which represents the first and only in Iraq, noting that" the oldest bank to increase the rate of flow of the International Monetary deposits greater than for the control of inflation and improving the value of the dinar
جريدة المواطن العراقية

Gang, is this the two sets of books? Could use some help here. I might be the slowest learner here but, I want to get this right. What does this mean "Official Rate" and "Real Rate". Thanks.

December 24, 2006
Do they know something in Iraq that we don't?
Greg Richards

Here is a chart on the Iraqi dinar taken from the safedinar.com website. The time scale is January 24, 2004 - December 24, 2006. What the chart says is that the Iraqi dinar has increased in value on the market by 9% from August 24, 2006 to December 24, 2006 and is now at an all-time high (this is the "new" Iraqi dinar introduced in October 2003). This appears to be a pretty impressive increase in value for the Iraqi dinar, particularly given the despair we read in the press. Whether or not it is conclusive, it is likely an important tile in the mosaic that makes up the picture of Iraq.


Data is also available at the website for the Bank of Iraq. The data given by the Bank of Iraq is the inverse of the data in this graph. This graph shows the amount of US dollars per million Iraqi dinars. The Bank of Iraq lists the number of Iraqi dinars to the US dollar. On December 24, 2006, this figure was 1,352. If you divide 1,000,000 by 1,352, you get $740, as shown here

American Thinker Blog: Do they know something in Iraq that we don't?

Originally Posted by neno

Gang, is this the two sets of books? Could use some help here. I might be the slowest learner here but, I want to get this right. What does this mean "Official Rate" and "Real Rate". Thanks.

And what exactly is the real rate?

I found this on NOOZZ, but I can not find it any where can someone help me!
I have done alot lot of searching and I have PM other and came up a blank.
So what I am asking is for those that have the experience, I think this article would be very interesting. Also informative to say the least.

Iraq: Currency forecast
(EIU) Dec 21 2006

Originally Posted by rvalreadydang

December 24, 2006
Do they know something in Iraq that we don't?
Greg Richards

Here is a chart on the Iraqi dinar taken from the safedinar.com website. The time scale is January 24, 2004 - December 24, 2006. What the chart says is that the Iraqi dinar has increased in value on the market by 9% from August 24, 2006 to December 24, 2006 and is now at an all-time high (this is the "new" Iraqi dinar introduced in October 2003). This appears to be a pretty impressive increase in value for the Iraqi dinar, particularly given the despair we read in the press. Whether or not it is conclusive, it is likely an important tile in the mosaic that makes up the picture of Iraq.


Data is also available at the website for the Bank of Iraq. The data given by the Bank of Iraq is the inverse of the data in this graph. This graph shows the amount of US dollars per million Iraqi dinars. The Bank of Iraq lists the number of Iraqi dinars to the US dollar. On December 24, 2006, this figure was 1,352. If you divide 1,000,000 by 1,352, you get $740, as shown here

American Thinker Blog: Do they know something in Iraq that we don't?

This was the first thing I saw last night when checking other sites. I saw the Safedinar's new graph and thought that was pretty new. Then with your article this morning, saying "Official" and "Real" rates. made me go back to cigarmans findings way back of the default rate and two sets of books.

it is aparent that it is being more and more mentioned. This is the reason I have never ruled out a "OVERNIGHT SUCCESS". Now that they are mentioned more, people are not stupid. i think it is a back-up plan to move the rate as needed to a much bigger exchange rate, when needed. Sorry, but that is my story and I;am sticking to it. get Ready for a surprise at anytime.

U.S. Is Holding Iranians Seized in Raids in Iraq

By JAMES GLANZ and SABRINA TAVERNISE
Published: December 25, 2006
BAGHDAD, Dec. 24 — The American military is holding at least four Iranians in Iraq, including men the Bush administration called senior military officials, who were seized in a pair of raids late last week aimed at people suspected of conducting attacks on Iraqi security forces, according to senior Iraqi and American officials in Baghdad and Washington.

Skip to next paragraph
The Reach of War
Go to Complete Coverage » The Bush administration made no public announcement of the politically delicate seizure of the Iranians, though in response to specific questions the White House confirmed Sunday that the Iranians were in custody.

Gordon D. Johndroe, the spokesman for the National Security Council, said two Iranian diplomats were among those initially detained in the raids. The two had papers showing that they were accredited to work in Iraq, and he said they were turned over to the Iraqi authorities and released. He confirmed that a group of other Iranians, including the military officials, remained in custody while an investigation continued, and he said, “We continue to work with the government of Iraq on the status of the detainees.”

It was unclear what kind of evidence American officials possessed that the Iranians were planning attacks, and the officials would not identify those being held. One official said that “a lot of material” was seized in the raid, but would not say if it included arms or documents that pointed to planning for attacks. Much of the material was still being examined, the official said.

Nonetheless, the two raids, in central Baghdad, have deeply upset Iraqi government officials, who have been making strenuous efforts to engage Iran on matters of security. At least two of the Iranians were in this country on an invitation extended by Iraq’s president, Jalal Talabani, during a visit to Tehran earlier this month. It was particularly awkward for the Iraqis that one of the raids took place in the Baghdad compound of Abdul Aziz al-Hakim, one of Iraq’s most powerful Shiite leaders, who traveled to Washington three weeks ago to meet President Bush.

Over the past four days, the Iraqis and Iranians have engaged in intense behind-the-scenes efforts to secure the release of the remaining detainees. One Iraqi government official said, “The Iranian ambassador has been running around from office to office.”

Iraqi leaders appealed to the American military, including to Gen. George W. Casey Jr., the senior American ground commander in Iraq, to release the Iranians, according to an Iraqi politician familiar with the efforts. The debate about what to do next has also engaged officials in the White House and the State Department. The national security adviser, Stephen J. Hadley, has been fully briefed, officials said, though they would not say what Mr. Bush has been told about the seizure or the identity of the detainees.

A senior Western official in Baghdad said the raids were conducted after American officials received information that the people detained had been involved in attacks on official security forces in Iraq. “We conduct operations against those who threaten Iraqi and coalition forces,” the official said. “This was based on information.”

A spokesman for Mr. Hakim, who heads a Shiite political party called Sciri, which began as an exile group in Iran that opposed Saddam Hussein, declined to comment. In Tehran, the Iranian Foreign Ministry spokesman, Mohammad Ali Hosseini, had no comment about the case on Sunday other than to say it was under examination.

The action comes at a moment of extraordinary tension in the three-way relationship between the United States, Iran and Iraq. On Saturday, even as American officials were trying to determine the identity of some of the Iranians, the United Nations Security Council passed a resolution imposing mild sanctions against Iran for its refusal to suspend uranium enrichment. Meanwhile, the Bush administration has rejected pressure to open talks with Iran about its actions in Iraq.

Much about the raids and the identities of the Iranians remained unclear on Sunday. American officials offered few details. They said that an investigation was under way and that they wanted to give the Iraqi government time to figure out its position. A Bush administration official said the Iranian military officials held in custody were suspected of being members of the Quds force of the Iranian Revolutionary Guard Corps. It has been involved in training members of Hezbollah and other groups that the Americans regard as terrorist organizations.

American and Iraqi officials have long accused Iran of interfering in this country’s internal affairs, but have rarely produced evidence. The administration presented last week’s arrests as a potential confirmation of the link. Mr. Johndroe said, “We suspect this event validates our claims about Iranian meddling, but we want to finish our investigation of the detained Iranians before characterizing their activities.”

He added: “We will be better able to explain what this means about the larger picture after we finish our investigation.”

In the raids, the Americans also detained a number of Iraqis. Western and Iraqi officials said that following normal protocol, the two Iranian diplomats were turned over to the Iraqi government after being questioned. The Iraqis, in turn, released them to the Iranian Embassy. An Iraqi official said his government had strained to keep the affair out of the public eye to avoid scuttling the talks with Iran that were now under way.

The raids and arrests were confirmed by at least seven officials and politicians in Baghdad and Washington. Still, the development was being viewed skeptically on Sunday by some Iraqis, who said that they suspected that the timing was intended to reinforce arguments by some in the administration that direct talks with Iran would be futile.

Skip to next paragraph
The Reach of War
Go to Complete Coverage » An administration official in Washington disputed that, saying, “When the military conducted the raids, they really didn’t know who they were going to find.”

The United States is now holding, apparently for the first time, Iranians who it suspects of planning attacks. One senior administration official said, “This is going to be a tense but clarifying moment.”

“It’s our position that the Iraqis have to seize this opportunity to sort out with the Iranians just what kind of behavior they are going to tolerate,” the official said, declining to speak on the record because the details of the raid and investigation were not yet public. “They are going to have to confront the evidence that the Iranians are deeply involved in some of the acts of violence.”

The events that led to the arrests of the Iranians began on Thursday, although details are sketchy.

In one raid, which took place around 7 p.m. that day, American forces stopped an official Iranian Embassy car carrying the two Iranian diplomats, one or two Iranian guards and an Iraqi driver. Iraqi officials said that the diplomats had been praying at the Buratha mosque and that when it was stopped, the car was in the Allawi neighborhood, a few minutes from the Iranian Embassy to the west of the Tigris River.

All in the car were detained by the Americans. The mosque’s imam, Sheik Jalal al-deen al-Sageir, a member of Parliament from Mr. Hakim’s party, said the Iranians had come to pray during the last day of mourning for his mother, who recently died. He said that after the Iranians left, the Iranian Embassy phoned to say that they had not arrived as expected. “We were afraid they were kidnapped,” Sheik Sageir said.

But he said he was later informed that the diplomats, whom he said that he did not know well, were in the custody of Americans. “I had nothing to do with that,” Sheik Sageir said. “I don’t know why the Americans took them.”

The predawn raid on Mr. Hakim’s compound, on the east side of the Tigris, was perhaps the most startling part of the American operation. The arrests were made inside the house of Hadi al-Ameri, the chairman of the Iraqi Parliament’s security committee and leader of the Badr Organization, the armed wing of Mr. Hakim’s political party.

Many Shiite political groups are now suspected of having ties to Iran, and Sciri is no exception. Senior party leaders lived in exile in Iran for years plotting the overthrow of Mr. Hussein. Some married Iranians and raised their children there.

Mr. Hakim has emerged as the central Iraqi Shiite who is backing a new bloc made up of Sunnis, Shiites and Kurds that would isolate more radical politicians. Americans back the new bloc, and Mr. Hakim traveled to Washington earlier this month to discuss its formation with Mr. Bush. It was not clear how the arrests, embarrassing to Mr. Hakim, would affect those political efforts.

Hiwa Osman, a news media adviser to Mr. Talabani, said, “The president is unhappy with the arrests.” .

The politician familiar with the efforts said the Iranians in the compound had been in Iraq for four days. He said Iraqi officials expected that two more of the Iranians would be released soon.

The disagreement will further irritate relations between Prime Minister Nuri Kamal al-Maliki of Iraq and his American supporters. The Shiite-led government has begun to chafe under the control of the Americans, pressing for more control of its army and for greater independence from what it says is unilateral American decision making.

The Americans are concerned that the Shiite-led government would not respect the rights of the minority Sunni Arab population, and, in the worst case, would use the largely Shiite security forces as a weapon in this country’s deepening sectarian war.

Since the borders opened after the invasion, it has not been uncommon for Iranian pilgrims to visit Iraq. Many come to worship in religious places holy to Shiites.

http://www.nytimes.com/2006/12/25/wo..._r=1&th&emc=th

Didn't some MOF representative say way back in February 2006 that there would be a significant rise in the value of the DINAR in 2006? Now is it just me, but I would not call a 100+ point value jump significant. Trust me I am grateful for the steady movement, but we still have FOUR auctions left (12/26, 12/27, 12/28, 12/31) before 2007........maybe just maybe........we might get what we have all been hoping for

BEST WISHES, MERRY CHRISTMAS, and a PROSPEROUS NEW YEAR!!!!!

Originally Posted by neno

This was the first thing I saw last night when checking other sites. I saw the Safedinar's new graph and thought that was pretty new. Then with your article this morning, saying "Official" and "Real" rates. made me go back to cigarmans findings way back of the default rate and two sets of books.

it is aparent that it is being more and more mentioned. This is the reason I have never ruled out a "OVERNIGHT SUCCESS". Now that they are mentioned more, people are not stupid. i think it is a back-up plan to move the rate as needed to a much bigger exchange rate, when needed. Sorry, but that is my story and I;am sticking to it. get Ready for a surprise at anytime.

Merry Christmas rolclub,
wasn't able to watch rates last night glad someone was there to post new rates
There has been a lot of great post this mornig,
Finally the long awaited 1345, but now what?
"OVERNIGHT SUCCESS" "2 SETS OF BOOKS" "OFFICIAL RATE" " REAL RATE"
and on top of it
posted by Mike 5200 Agreed, it is only hearsay, but I think you would have to admit, it makes sense. I just can't see them opening the ISX to the world with everything as penny, and sub-penny stocks.I also don't believe Shabibi will continue to improve the rate on a daily basis once the country is open to FI, it's just too predictable. 1345, or even 1260 isn't going to dedollarize the country, nor reign in inflation, currently Shabibi is just chasing it.
I've said this before, the GoI has promised the people a 10k dinar handout a multitude of times, yet no handout to date....coincidence? The FIL was finalized by Talibani weeks ago, and the country is screaming for FI, politicians and economists all saying this will do great things for the country....so why then hasn't it been implemented yet, again, coincidence? Personally, I'm not big on coincidence.I believe Shabibi's current exchange rate regime is only to stop further worsening of the inflation rate and, more importantly, to allow banks and the people the time to realize what is going on and allow them to dump dollars and hold dinars.
I believe Shabibi will make a substantial jump in exchange rate prior to implementation of the FIL, and the re-opening of the ISX.

Plus we know that Kurds and Baghdad came to agreement on HCL. And it was being sent to parliment, [Has it been passed??? Who knows!!!!]


Originally Posted by rvalreadydang
He added that "the rate of 75% of the real exchange rate



Originally Posted by DayDream
12-25-2006

The property claims distributed 22 billion dinars paid out in a special ceremony

Mr. Ahmed Brak, chairman of the property claims, that the Authority will be distributed on Tuesday, the 26th of December 2006, amounted to 22 billion Iraqi dinars to those affected by the policies of the former regime who had their property confiscated illegally and outside the law.

It's All Looking Good!!!