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

I have a question...THese auctions, they have had them "always", right? Since 2003 I mean. Or have they only had them, say, the last year?
If it revalues now on Jan. 1, will the auctions still continue?

And, is the "consensus" of you all that it will revalue with the start of the new year? I sure hope so...
/Karin

Originally Posted by TerryTate

We can only hope so.

With regard to Gerald Ford, he was the right man at the time, and I believe our country needs more men like him. He will be missed.

Peter Boyle (everyone loves raymond) was no. 1

The devaluation of the dollar against the dinar embarrassed the movement of markets and banks

Baghdad-editor economic witnessed banking companies in the country refrained from customers to exchange rate depreciation of the dollar against the Iraqi dinar, has closed some shops owners awaiting improvement in the situation, where the value of the dollar against the Iraqi dinar from 1480 dinars to the dollar to 1334 dinars, the banking companies.

.While it did not see the Iraqi Central Bank interested in buying the dollar, and specialists attribute the reason to rumors reported that the Iraqi Central Bank has sought to make the dollar exchange rate thousand Iraqi dinars, the essay, the market carrying offices Exchange hesitation in accepting the categories of the dollar. However, an official source at the Central Bank pointed out that this news completely untrue, but that the monetary policy of the bank to not harm any parties, so has been the adoption of the drawdown rates very simple so as not to leave the harmful effects on the resolutions before the dollar from the banks and banking companies and traders, did not hide the money changers and merchants that they lost because of the decline that has occurred in a sudden did not change the dollar exchange rate at all during the year, at least. With rate was the dollar which had reached with the early last month 1480 dinars, subjected to reduction in the auction Bank of the daily are gradually up to become the price of the auction 1430 dinars during the past week the creation of confusion and clear that reflected on the actors generally and mechanisms banking and absenteeism and the movement of goods in the markets which are often dealt on the Iraqi market the dollar, the average the purchase of private banks of the dollars from the auction the daily between 60 to 65 million dollars for a daily 14-15 of the month of - in November last, with a declining this turnout to hit 865 thousand dollars on 28 of the same month, the day on which spread in which spreading the attempt of the World for the arrival of the dollar to the price of the thousandth dinars, comes the policy of strengthening the rate of exchange within the objective in which he declared that the Central Bank of Egypt the fulfillment of the task of the withdrawal of cash from the market to reduce the rates of hyper-inflation which crossed the indicator of 77% and procedures were raising interest rate that are adopted by the on accounts deposited with him to hit 16%, versus the insistence of private banks and governmental together on the charging of such commission to meeting deposits in the Central Bank, and denied to their customers, since remained at their levels preceding 5% what had prompted Governor of the Central Bank inform the repugnance at irresponsible policies of the banks during its meeting that Bmadraeha of Commissioners recently.

ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ


ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞíÉ - ÇäÎÝÇÖ ÇáÏæáÇÑ ÃãÇã ÇáÏíäÇÑ íÑÈß ÍÑßÉ ÇáÃÓæÇÞ æÇáãÕÇÑÝ

another article same headline but different story, can't get whole story.

The dinar will continue to rise against the dollar
التوالBaghdad / Nina / price of the dinar has risen against the dollar in the auction the Central Bank of Iraq today, Wednesday,. The sale price of the dollar in an auction today, which is 29th on the Cote
>> More >>>> More

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

Originally Posted by rvalreadydang

The devaluation of the dollar against the dinar embarrassed the movement of markets and banks

Baghdad-editor economic witnessed banking companies in the country refrained from customers to exchange rate depreciation of the dollar against the Iraqi dinar, has closed some shops owners awaiting improvement in the situation, where the value of the dollar against the Iraqi dinar from 1480 dinars to the dollar to 1334 dinars, the banking companies.

.While it did not see the Iraqi Central Bank interested in buying the dollar, and specialists attribute the reason to rumors reported that the Iraqi Central Bank has sought to make the dollar exchange rate thousand Iraqi dinars, the essay, the market carrying offices Exchange hesitation in accepting the categories of the dollar. However, an official source at the Central Bank pointed out that this news completely untrue, but that the monetary policy of the bank to not harm any parties, so has been the adoption of the drawdown rates very simple so as not to leave the harmful effects on the resolutions before the dollar from the banks and banking companies and traders, did not hide the money changers and merchants that they lost because of the decline that has occurred in a sudden did not change the dollar exchange rate at all during the year, at least. With rate was the dollar which had reached with the early last month 1480 dinars, subjected to reduction in the auction Bank of the daily are gradually up to become the price of the auction 1430 dinars during the past week the creation of confusion and clear that reflected on the actors generally and mechanisms banking and absenteeism and the movement of goods in the markets which are often dealt on the Iraqi market the dollar, the average the purchase of private banks of the dollars from the auction the daily between 60 to 65 million dollars for a daily 14-15 of the month of - in November last, with a declining this turnout to hit 865 thousand dollars on 28 of the same month, the day on which spread in which spreading the attempt of the World for the arrival of the dollar to the price of the thousandth dinars, comes the policy of strengthening the rate of exchange within the objective in which he declared that the Central Bank of Egypt the fulfillment of the task of the withdrawal of cash from the market to reduce the rates of hyper-inflation which crossed the indicator of 77% and procedures were raising interest rate that are adopted by the on accounts deposited with him to hit 16%, versus the insistence of private banks and governmental together on the charging of such commission to meeting deposits in the Central Bank, and denied to their customers, since remained at their levels preceding 5% what had prompted Governor of the Central Bank inform the repugnance at irresponsible policies of the banks during its meeting that Bmadraeha of Commissioners recently.

ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ ـ


ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞíÉ - ÇäÎÝÇÖ ÇáÏæáÇÑ ÃãÇã ÇáÏíäÇÑ íÑÈß ÍÑßÉ ÇáÃÓæÇÞ æÇáãÕÇÑÝ

O.K. I think I lost my deciphering skills over the holidays. Can someone please tell me what this says? Please and Thank You!

Originally Posted by choochie

O.K. I think I lost my deciphering skills over the holidays. Can someone please tell me what this says? Please and Thank You!

I'm having the same problem, not really sure what that says

India in Iraq oil foray

India's largest state-run and private-sector oil companies are in talks on the joint development of a field in Iraq to help satisfy their country's surging energy demand.

Oil and Natural Gas Corporation and rival Reliance Industries are in preliminary discussions to develop the Tuba oilfield in southern Iraq, a person close to the talks confirmed yesterday. Both companies declined to comment.

ONGC, through its overseas investment arm, ONGC Videsh, and Reliance are expected to hold 30 per cent each in the venture and SonatrachSonatrach of Algeria would hold 40 per cent.

The three groups had together tried to secure oilfields in Iraq in 2000.

ONGC had previously won approval to develop oilfields in Iraq, home to some of the world's largest oil reserves, but activity was halted by the war.

As economic growth swells to 9 per cent, India is looking farther afield for energy sources. It imports about 70 per cent of its fuel. Reliance Industries owns India's largest oil refinery but has not sought to explore for oil in the Middle East apart from a holding in Yemen.

The company has 32 exploration blocks across India. In contrast, ONGC has interests in Sudan, Libya, Burma, Iran, Iraq and Syria.

It teamed up earlier this year with China's Sinopec to buy a 25 per cent stake in Omimex de Colombia, a subsidiary of Omimex Resources, a US-based oil explorer and producer.

The Dollars 800m deal was the largest since China and India decided to co-operate on energy assets.

In February ONGC and China National Petroleum Corporation, the country's largest oil producer, completed a pioneering Dollars 580m takeover of oil assets in Syria from Petro-Canada.

ONGC has also expanded into Latin America with its Dollars 1.4bn purchase of ExxonMobil's 30 per cent stake in a field in Brazil.

By AMY YEE


© Copyright The Financial Times Ltd 2006. Privacy policy.

India in Iraq oil foray - Zawya.com | Middle East Business News.

Originally Posted by Dinar Cha Ching

I believe he was too. He did a good job under very tough circumstances and his wife has helped many people out of the prison of addiction.

Celebrity deaths usually come in 3s:

1. James Brown
2. Gerald Ford
3. ?

Could #3 be Saddam?

Sorry, but you said "celebrity". Saddam is no celebrity....just a power freak who's days are finally numbered.....#1 and #2 on your list were great persons, Saddam is far from being on that list.

Thank you.

Originally Posted by Hardwood

Sorry, but you said "celebrity". Saddam is no celebrity....just a power freak who's days are finally numbered.....#1 and #2 on your list were great persons, Saddam is far from being on that list.

Thank you.

Yoko Ono

On another note... No pun intended


BAGHDAD (AFP) - Iraq was preparing for the rapid execution of former dictator Saddam Hussein, with the US-backed government eager to bring his chapter in the country's bloody history to an end.


The ousted tyrant's fate remains controversial, however, with Iraqis split over whether his imminent hanging will do more to calm the violence sweeping the country or to provoke greater bitterness between Sunnis and Shiites.

Justice Minister Hashem al-Shibli said the sentence for crimes against humanity -- upheld by am Iraqi appeal court on Tuesday -- would be rubber stamped by the presidency while the prison service prepares to hang him.

BY SHAFIKA MATTAR, Associated Press Writer
20 minutes ago



AMMAN, Jordan - Saddam Hussein's Baath Party threatened Wednesday to retaliate if the ousted Iraqi leader is executed, warning in an Internet posting it would target U.S. interests anywhere.

The statement appeared on a Web site known to represent the party, which was disbanded after U.S.-led forces overthrew Saddam in 2003. The site is believed to be run from Yemen, where several exiled Baathists are based.

On Tuesday, Iraq's highest court rejected Saddam's appeal against a conviction and death sentence for the killing of 148 people who were detained after an attempt to assassinate in Dujail, northern Iraq, in 1982. The court said the former president should be hanged within 30 days.

"Our party warns again of the consequences of executing Mr. President and his comrades," the statement said.

"The Baath and the resistance are determined to retaliate, with all means and everywhere, to harm America and its interests if it commits this crime," the statement added, referring to Baath fighters as "the resistance."

"The American administration will be held responsible for any harm inflicted on the president because the United States is the decision-maker (in Iraq) and not the puppet Iraqi government."

The statement said that if the execution takes place, it would be impossible for the Baath to take part in any prospective negotiations with U.S. and Iraqi officials to reduce the violence in Iraq.

Saddam's defense lawyers, who are based in Amman, called on Arab governments and the United Nations to intervene to stop the execution.

"Otherwise, all may be participating in what is going on, either actually or due to their silence in face of the crimes, which are being committed in Iraq in the name of democracy," the lawyers said in a statement in English that was e-mailed to The Associated Press bureau.

The statement, signed by "the Defense Committee for President Saddam Hussein," said the court's rejection of Saddam's appeal was part of the "continued shedding of pure Iraqi blood by the current regime in Iraq, which (is) directly connected with the American occupation."