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

Originally Posted by victory777

Were did you get this chart from? The last amount quoted at the CBI was 1325 IQD and that was on Dec. 27th

the point of the post is that the DEMAND for the currency is going up up up!! with more demand comes a higher rate. these rates are based on interbank trading and they reflect the fact that the dinar is indeed becoming very valuable since it is in high demand as people are realizing that they are for real revaluing the currency. many reports have came in indicating that there is a drying up of supply of dinar in iraq even as all iraqis are now wanting to trade in their dollars for dinar.

these numbers are posted simply to show that the demand is getting larger. which is music to my ears!!!

Originally Posted by buddyboy

I am new, so don't kill me on my first day, but as I was looking at the CBI exchange rate history, is this the first time the CBI has closed for a week?

not the first time. it was mid-november 2005 for elections.
you can check the auction history right on the cbi site and it will show you exactly what dates there have been no auctions.

Washington Post article today. Maliki wishes he could quit. That doesnt sound good to me.

Heres the article.

Iraq Prime Minister Wishes He Could Quit - washingtonpost.com

Originally Posted by DayDream

Headlines, briefing of Kuwaiti dailies issued Monday, Jan 1, 2007

Kuwait: Debts owed by Iraq to Kuwait are not linked to Saddam's execution

Saddam causes further problems after his execution - Iraqi dinar up 12.5 percent after hanging.


Kuna site|Story page|Headlines, briefing of Kuwaiti dailies issued Mond...1/1/2007

Cheers!
DayDream

Originally Posted by victory777

Were did you get this chart from? The last amount quoted at the CBI was 1325 IQD and that was on Dec. 27th

let the good times roll

cannot wait to see what the cbi will update with

Originally Posted by DanielJay

Washington Post article today. Maliki wishes he could quit. That doesnt sound good to me.

Heres the article.

Iraq Prime Minister Wishes He Could Quit - washingtonpost.com

Let's hope they put in Sadr. Sorry Neno.

So who's on deck? Barzani?

Originally Posted by Inscrutable

Let's hope they put in Sadr. Sorry Neno.

So who's on deck? Barzani?

You Know, we need to think it thru in time. Cause with Talibanie as the President and Kurd. It would be most beneficial if Barzani was to take over the Central Government PM position. This is what is known, as the Kurds can rule Iraq. Seems the rest dont mess with the Kurds and it seems the Kurds are willing to work things for all of Iraq, so why not have a Kurd as PM and President.....Might just work. But Sadr, to me that is just like having Sadamm again.

I was ribbing with the Sadr comment although if they have Sadr it may even the playing field in some minds. I do think Barzani may be the next PM.

BTW Did anyone catch the History Channel specials on Iraq last night? It was of old repeat epoisodes but I took extra interest in them last night especially in the effort they took in exterminating the Kurds. How they tricked them out of bunkers with flyers.

Originally Posted by neno

You Know, we need to think it thru in time. Cause with Talibanie as the President and Kurd. It would be most beneficial if Barzani was to take over the Central Government PM position. This is what is known, as the Kurds can rule Iraq. Seems the rest dont mess with the Kurds and it seems the Kurds are willing to work things for all of Iraq, so why not have a Kurd as PM and President.....Might just work. But Sadr, to me that is just like having Sadamm again.

1st BMI branch to open in Baghdad soon

Baghdad, Jan 3, IRNA

Bank Melli of Iran (BMI) will open its branch office in Baghdad by the end of current Iranian year (ending March 20), as the first foreign bank in Iraq.

Iranian Ambassador to Baghdad Hassan Kazemi Qomi told IRNA on Wednesday that following negotiations between the two countries, this will be the first time in the course of bilateral ties that BMI decides to open a branch office in Baghdad.

"Given the new economic situation in the country and beginning of its reconstruction process, the first branch of BMI in Baghdad can play a constructive role in expansion of mutual economic ties.

"The start of Iran's banking activities in Iraq is owing to the efforts of Iranian officials and continuous pursuance of Iranian Embassy in Iraq," added Kazemi Qomi.

The Iranian diplomat noted that opening of branches of BMI as well as Sepah and Keshavarzi banks in Baghdad is currently on Iran-Iraq agenda.

Turning to the opening of the first BMI branch in Baghdad in near future, he hoped that the measure will expedite the trend of mutual economic and trade relations.

"Once the first BMI branch opens in Baghdad, serious measures will be taken to establish branches of Iranian banks in northern and southern Iraq, including Kurdistan, Basra, Najaf and Karbala," he added.

He said that the Iranian Embassy in Baghdad is ready to respond to Iranian companies willing to use banking services in Iraq.

Kazemi Qomi said that the decision for establishment of branches of Iranian banks in Iraq is highly welcomed by Iraqi officials, adding that talks on the issue has been underway for the past two years, which still continue.

For his part, the future head of BMI branch in Baghdad, Mohammad-Reza Kalantari hoped that opening of the branch will facilitate trade exchanges between the two sides and that proper ground will be prepared for expansion of mutual economic ties.

1st BMI branch to open in Baghdad soon - Irna

Iran will seek reparations for damages of US-backed Iraqi invasion

Tehran, Jan 3, IRNA

Majlis Speaker Gholam-Ali Haddad-Adel said on Wednesday that Iran will take legal action to seek reparations for damages of the US-backed Iraqi invasion imposing eight years of destructive war on Iran.

Haddad-Adel told reporters, "Iran has repeatedly announced that end of Saddam's life will not put an end to series of his crimes then backed by the United States.

"One of Saddam's crimes is damages he has inflicted on Iran which will be raised with the Iraqi government at an appropriate time," he said.

"We are waiting for establishment of tranquility in the neighboring state of Iraq. Then we will speak of reparations for the heavy damages the Iraqi-imposed war inflicted on Iranian nation.

"For the time being, we should help the Iraqi nation settle their problems," the speaker added.

Iran will seek reparations for damages of US-backed Iraqi invasion - Irna

Why are Iraqi Kurds furious with the US?

Up until recently, the Kurds were considered the luckiest group in Iraq. While the country was struggling with chaos and bloodshed they were leading their lives in tranquility in the north. Those who visited the region were amazed by the luxury, reconstruction and vibrancy. While chaos engulfed the rest of the country, the region was enjoying peace.


It was obvious that they were being rewarded by the United States for their support. Jalal Talabani became the president of the country, and Massoud Barzani was received in the White House as the president of the Kurdish Autonomous Region. As a result of the under-representation of Arab Sunnis in the Iraqi parliament, the Kurds secured a disproportional share. Moreover, a Kurd was appointed as foreign minister and more importantly, the most vital positions in the Iraqi army were allotted to them.


The most important goal of the Kurdish leaders, who had the absolute support of the world superpower, was to expand their authority to include the oil-rich Kirkuk region through a referendum scheduled for the end of 2007.


They contended that Arabs, Shiites, Sunnis and neighboring countries - including Turkey - did not matter, if U.S. support was available. They were simply busy with expressing their gratitude for American support via the television commercials they prepared for broadcast to U.S. audiences. They even invited U.S. troops to their region.


While all was once going well, everything has changed. Kurdish leaders, who had previously expressed their satisfaction with U.S. support, started talking about the possibility that the Americans would sell them out. Bush’s defeat in the recent mid-term elections, the resignation of Rumsfeld and the recommendations of the recently released Baker-Hamilton report apparently troubled them. An article from Masrour Barzani, head of intelligence and security in the region, in the Washington Post reflected the discomfort of Kurdish leaders.


Barzani severely criticized the Baker-Hamilton report, which recommended the postponement of the Kirkuk referendum and cooperation with neighboring countries to determine the future of Iraq. He called on the U.S. administration to not follow the report’s recommendations to sacrifice Kurdish interests for the sake of the interests of neighboring countries.


Even though it still remains uncertain if the report will be transformed into concrete policy, a significant shift is already expected in relations between the Kurds. U.S. diplomatic circles closely following the process maintain that one element of change will be pertinent to the Iraqi army. Observers opined that Kurds constitute 50 percent of the Iraqi army and their strategy has been to distance themselves from the most violent areas in Iraq. When army reform is brought to the agenda, the Kurds will be asked to serve in southern and central Iraq. The Kurds will have to confront other ethnic groups of the country. If that does not happen, their weight and share of the army will inevitably be reduced to a reasonable level.


There is speculation that another Kurdish disappointment will be the Kirkuk issue. Even if they secure the annexation of Kirkuk through a referendum, in order to keep the city most desired by other Iraqi groups, they will also have to seize Mosul, Diyala and Telafer. This will mean that the Kurds will be involved in the fighting between Shiites and Sunnis. In such a case, it is hard to imagine that the United States., which is struggling with problems of its own, will support the Kurds.


The issues regarding the distribution of oil incomes are another area of contention. Because the draft law is in its final stage and it envisages central government control over oil income, this issue is expected to trigger serious discussions.


In short, the Kurdish leaders who opted to overlook reality are now required to review their policies before it is too late.

ZAMAN DAILY NEWSPAPER (2007010339671)