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

NOOZZ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ministry of Finance Expects Exchange Rate Hike in 2007
(Noozz Editorial) Dec 27 2006

Noozz.com | IRAQ

Originally Posted by Socata 850

Par77, This is really neat. Does this correspond or parrallel reductions in the dinar from previous days as well, say back on Tuesday and Monday of this week?

Thursday, December 28, 2006

1 Iraqi Dinar = 0.0007733 US Dollar

1 US Dollar (USD) = 1,293.17 Iraqi Dinar (IQD)

WOW!! This is a 31.03 point jump from yesterday!

Sorry but where did you find this - the CBIraq only shows 1325 for 12/27/06
Thanks Xealthy

Economic : النفط يدر 3500 دولار لكل عراقي: Oil generates $ 3500 each Iraqi

Said analyst for Texas-based energy plan accepted in Washington for the distribution of oil wealth of Iraq directly to the Division had put $ 3500 annually in the hands of every Iraqi citizen deep. The analyst said veteran Del Astevz that appreciation based on the oil price of 60 dollars a barrel and production costs ten dollars a barrel.

The assumption that the ten million Iraqis will be in the age to qualify for a share of oil wealth for the country. And Iraq produces 2,2 million barrels of oil per day and exports 1.5 million barrels, according to the report of a study of Iraq, which was issued earlier this month. Estimates vary, the average annual income in Iraq varies considerably, but in the maximum amount of $ 1500 annually.
Astevz said that the best way to manage the distribution of wealth may be giving money to those who register to participate in the elections and the vote bank account is maintained and thus promotes social participation and stability. He said when people understood that the money coming to them, they will seek to protect the resource of income and want to have a government capable of settling disputes. says that the distribution of those funds would be difficult because of problems related to corruption and things of transport and communications, but the idea gained adherents discuss with the United States a way to eliminate the chaos that followed the fall of Saddam Hussein

wo Indian looked forward to the development of the field in Iraq

نيودلهي - رويترزNew Delhi-Reuters
Officials said the oil and natural gas owned Indian state that the institution is holding talks with the company Relains Masinimport private competitors for the joint development of oil field stones in the south of Iraq. They tried Foundation through arm's investment abroad in conjunction with Videsh Relains Masinimport and Algerian Sonatrach in 2000 to win development work in the field of crude oil production. He said a prominent institution asked to remain anonymous, has started talks with Relains Masinimport and Sonatrach to revive the partnership and the quest to win this opportunity together. The TR. S. Sharma, chairman of the Foundation of oil and natural gas, Indian and Managing Director that the discussions on the project, said Reuters Yes, we hold talks on the field of stones. The official refused to comment Relains Masinimport. An official at the institution of oil and natural gas, the Indian, who asked to remain anonymous said that the discussions are still at a preliminary stage. He added that it is expected to monopolize the institution Relains Masinimport 30 per cent each in the Russian sector spoiled Sonatrach project while the remaining percentage. It is expected that Iraq enact a law on oil be allowed to negotiate on the territories of the oil contracts with foreign investors. Iraq needs strongly to foreign investments to revive its shattered economy, which depends heavily on oil revenues. And Iraq has the third largest reserves of oil in the world. India imports about 70% of its crude oil

The dinar will continue to rise against the dollar

بغداد - متابعة المواطنBaghdad-up to the citizen
The price of the dinar has risen against the dollar in the auction the Central Bank of Iraq on Tuesday for the 28th respectively. The sale price of the dollar in an auction today Dolaraloahd 1338 dinars to 1345 dinars after Monday. The quantity sold declined significantly from the dollar to reach two million and 700 thousand dollars yesterday after it was 16 million and 450 thousand dollars. The Central Bank bought three million and 820 thousand dollars, at 1336 dinars to the dollar. The number of banks participating in the auction today of five banks after the six banks yesterday. He said Abdul Razak as far as economic expert said that the arrival of the exchange rate in the local market as a precautionary measure exceeded the decline in the Central Bank, which generated a great slump in the demand for the purchase offers for the sale of many

Iraqi company for bank guarantees is planning to implement a program to guarantee loans

وكالاتAgencies
Planned Iraqi company for bank guarantees for the implementation of a program to guarantee loans designed to encourage commercial banks and official sources to provide the necessary finance for small and medium-sized projects, to enhance the opportunities of these projects to reach the credit guarantee granted by the company. The company is underwriting the loans which fulfill the conditions laid down by periods according to its security, short-term loans granted the guarantee period of not more than 360 days, loans guaranteed the long-range between 5 - 1 years, and there is a grace periods specified by the bank, according to the estimates of cash flows for the project borrower. This program will face a number of problems and difficulties such as the lack of correlation lending programs training programs working to develop the performance of borrowers and reduce the risk of failure to pay, as well as the problem of the limited number of local experts, the scientific expertise and competence in the area of lending and the presence of the beneficiaries of the project lending in urban areas, and inadequate lending to rural areas and the agricultural sector

Translated version of http://www.almowaten.com/economy.html

Originally Posted by Par77
Wednesday, December 27, 2006

1 Iraqi Dinar = 0.0007552 US Dollar

1 US Dollar (USD) = 1,324.20 Iraqi Dinar (IQD)

Thursday, December 28, 2006

1 Iraqi Dinar = 0.0007733 US Dollar

1 US Dollar (USD) = 1,293.17 Iraqi Dinar (IQD)

WOW!! This is a 31.03 point jump from yesterday! WWWWHHHEEEEEEEEEEEEEEE!!!!

Originally Posted by Socata 850

Par77, This is really neat. Does this correspond or parrallel reductions in the dinar from previous days as well, say back on Tuesday and Monday of this week?

Hope this helps Socata


Sunday, December 24, 2006

1 Iraqi Dinar = 0.0007539 US Dollar

1 US Dollar (USD) = 1,326.40 Iraqi Dinar (IQD)

Interbank rate +/- 0%

This means:
You buy 1 Iraqi Dinar : 0.0007539 US Dollar
You sell 1 Iraqi Dinar : 0.0006905 US Dollar
You buy 1 US Dollar : 1,326.40 Iraqi Dinar
You sell 1 US Dollar : 1,448.30 Iraqi Dinar

Learn about the new Iraqi Dinar
Median price = 0.0006905 / 0.0007539 (bid/ask)
Minimum price = 0.0006905 / 0.0007539
Maximum price = 0.0006905 / 0.0007539




Monday, December 25, 2006

1 Iraqi Dinar = 0.0007539 US Dollar

1 US Dollar (USD) = 1,326.40 Iraqi Dinar (IQD)

Interbank rate +/- 0%

This means:
You buy 1 Iraqi Dinar : 0.0007539 US Dollar
You sell 1 Iraqi Dinar : 0.0006905 US Dollar
You buy 1 US Dollar : 1,326.40 Iraqi Dinar
You sell 1 US Dollar : 1,448.30 Iraqi Dinar

Learn about the new Iraqi Dinar
Median price = 0.0006905 / 0.0007539 (bid/ask)
Minimum price = 0.0006905 / 0.0007539
Maximum price = 0.0006905 / 0.0007539



Tuesday, December 26, 2006

1 Iraqi Dinar = 0.0007543 US Dollar

1 US Dollar (USD) = 1,325.70 Iraqi Dinar (IQD)

Interbank rate +/- 0%

This means:
You buy 1 Iraqi Dinar : 0.0007543 US Dollar
You sell 1 Iraqi Dinar : 0.0006908 US Dollar
You buy 1 US Dollar : 1,325.70 Iraqi Dinar
You sell 1 US Dollar : 1,447.60 Iraqi Dinar

Learn about the new Iraqi Dinar
Median price = 0.0006908 / 0.0007543 (bid/ask)
Minimum price = 0.0006908 / 0.0007543
Maximum price = 0.0006911 / 0.0007546

[QUOTE=neno;

"The occupants told the soldiers that they had been paid a total of 350,000 dinars (or $350 U.S.) [/QUOTE]

Did anyone notice the rate they are using here?

This isn't about the dinar, wasn't sure where to put it. GlobalFirepower.com Iraq gold reserves= 8,400,000,000 TheBostonChannel.com story, Tracking Saddam's Money.

Originally Posted by ronbo

Did anyone notice the rate they are using here?

I believe the stories are all from 2003. Gloribee asked for gold info, but I don't believe we have anything concrete. Hussein has his stash hidden supposedly in numerous countries under different names and companies. So noone actually knows the total amount whether it's in gold or currencies. I just found out he owned a magazine company also

:: QUOTE=ronbo;154160]Did anyone notice the rate they are using here?[/QUOTE]

Sorry Ronbo, I am tired and didn't read your post right. You said RATE not date

News & Analysis
--------------------------------------------------------------------------------
When Iraqis Gave Up on Government

Dahr Jamail and Ali Al-Fadhily, Electronic Iraq, 27 December 2006

BAGHDAD (IPS) - The Iraqi government headed by Prime Minister Noori al-Maliki, like earlier governments assigned by U.S. occupation authorities in Iraq, appears to have killed Iraqi dreams of a brighter future.

General elections Dec. 15, 2005 brought in a government that was supposed to listen to Iraqis all over the country. It was called a unity government because the cabinet was formed to include ministers from all ethnic and sectarian backgrounds after months of negotiations in the parliament.

"This is a unity government that no one should object to," al-Maliki told reporters recently in Baghdad. "All of the powers in parliament should take part in improving security and services in order to achieve success."

Maliki condemned groups such as Jabhat al-Tawafuq and The Iraqi Front for National Dialogue, along with other political groups who have been critical of the government.

Jabhat al-Tawafuq comprises three leading Sunni groups: the Iraqi Islamic Party, the Iraqi People's Conference and the National Dialogue Council. Their platform is based on national unity and ending the occupation.
It seems that the United States have chosen the wrong ally once more.

The Iraqi Front for National Dialogue also stands for ending the occupation, rebuilding government institutions and improving the economic and security situation.

But opposition leaders blame Maliki for denying them a role within government, undermining his claim that there is indeed a unity government.

"We are not really in the government," Tariq al-Hashimi, leader of the Islamic Party, and one of Iraq's two vice-presidents told IPS earlier. "Maliki and his coalition never gave us any real role in the government, and our ministers' actions are therefore paralysed."

Hashimi's group, like other Sunni groups and also some moderate Shia groups, are nearly voiceless in the feeble Iraqi government.

The dominant Shia coalition was formed in accordance with advice from Iranian-born Grand Ayatollah Ali al-Sistani, the revered Shia cleric who lives in Najaf in the south. This coalition of Shia parties was formed to secure power against a list of secular parties led by former interim prime minister Iyad Allawi who formed 'The Iraqi List'.

The power of the Shia coalition forced reluctant Sunnis to participate in the elections by banding together with their own list in order to win the votes of Sunnis. The entire political process was divided along religious and sectarian lines, and along ethnic lines because the Kurdish list included all of the Kurdish parties.

Given this background, few Iraqis are surprised that their government is fractured and fragmented, and at odds with itself.

"This government will definitely lead the country into disaster," Dr. Salih al-Mutlaq, leader of The Iraqi Front for National Dialogue told IPS earlier. "The country will slide into civil war if this sectarian attitude remains, and that is why we decided not to participate in this government."

Former prime minister Ibrahim al-Jaafari, with the support of Shia cleric Muqtada al-Sadr, took over April 7, 2005. But Jaafari was rejected by all other groups, and also by some parties within the Shia coalition for his failure to lead the country.

Maliki was then assigned the job of prime minister on condition of fair distribution of in the cabinet amongst winners, and fair treatment to all Iraqis regardless of their religious or ethnic identity.

"Things only got worse, and this government and parliament won the title of the worst in the history of Iraq," Thafir al-Ani from al-Tawafuq told IPS. "The whole system needs to be changed, or else the country will be divided into small states, and the catastrophe will be too vast to be corrected."

Al-Ani cited recent polls to say that more than 90 percent of Iraqis are angry with the government. People continue to blame the government for everything going wrong from the high level of violence to lack of employment and of water and electricity.

One of the darkest clouds of illegitimacy over the Iraqi government is the alignment of top officials with the Sadr Movement, which has been accused of backing most of the sectarian death squads that are now the leading cause of death in Iraq.

"This government failed on all the promises it made to Iraqis, and so all Iraqis want it changed," Muhammad Basher al-Faidhy, spokesman for the Sunni Association of Muslim Scholars told IPS. "They are sorry they ever took part in the elections. Our Association warned Iraqis that this government would be the worst ever. They simply cannot get rid of death squads because they are their major ally."

Most Iraqis see no future for Maliki's struggling government, which barely controls the so-called Green Zone in Baghdad where its offices are located. The rest of the country is fragmented, and the economy and infrastructure are in ruins.

"They are going down despite the huge support they are getting from the U.S. administration," Iraqi analyst Maki al-Nazzal told IPS. "They are faced by an international denial after their resounding failure in facing the deteriorating security situation and the comprehensive collapse in services and reconstruction."

On the other hand, the Sadr movement finds itself in a strong enough situation to turn away from al-Maliki and his Dawa Party. Sadr leaders are now calling for early elections, and they are confident of winning without other support, says their spokesman Hassan al-Zarqani.

"It seems that the United States have chosen the wrong ally once more," Zarqani told IPS. "So they will have to reconsider yet again." Sadr had recently pulled his representatives from the government, but they came back.

Meanwhile, another crisis has arisen. Grand Ayatollah Sistani announced last week that he will not support a U.S.-backed plan to build a coalition across sectarian lines. The plan would have sought to marginalise Muqtada al-Sadr by dividing the Shias.

Resistance to the occupation is rising, on the streets and politically, as support for the government falls. Not a promising start to 2007.

All rights reserved, IPS - Inter Press Service (2006). Total or partial publication, retransmission or sale forbidden.