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

I will relaxe the rules alittle. And I mean alittle. Just because it is getting kind a wierd. Please do not get out of hand. Will relaxe them aslong as the posting of chit-chat stays at a minimun. Remember we still have to bring the News......Before it disappears. I know you guys are excited so this is what it will be for a few days.

Posted this article this morning, but it got deleted somehow.


The Iraqi dinar... And floating the dollar in the structure of the national economy
03/01/2007
Source: Translated by IRAQdirectory.com




Since the foundation of the Iraqi State in 1922, a government was formed according to the Constitution and there became legislative, executive and legal powers, as well as the issuance of currency and thus, the Iraqi dinar had become the measuring unit that Iraqis deals by in the market. The Central Bank is the body that issues this currency according to a special law. The Iraqi dinar had status cash at home and abroad, because Iraq was considered one of the oil exporters at that time and still is. Thus the rolling Iraqi Monetary (nominal value) specified by the law has become a criterion for exchange transactions, withdrawal and the international circulation according to system Gold rule; although, it was related to the British pound before the revolution of July 14th, 1958, especially in terms of credit and foreign transfers, as it has a metal cover coupled with stability. After the liberation of Iraq from the ring of the (sterling Pound), the Iraqi dinar remained as a cash unit (with real value) standing on its own compared to international rates.

In spite of the many shocks that hit the developing country in conditions of political and economic changes led to the dangerous decline of many of those currencies, like what happened between Iraq and its neighbor Iran in 1980 until 1988 of a devastating war sapped the human energies and infrastructure of both countries, the Iraqi dinar was not affected much and managed to keep its true value and relative stability throughout the war period. But after the government took the wrong procedure of issuing millions of dinars of the 25 note, the Iraqi dinar had become no more than a (commercial paper) in its (nominal value) and this sinister phenomenon which was the result of the misconduct of the government, then, paved the way for the American dollar to monopolize the Iraqi market. Since then, the Iraqi dinar remained incurably ill because the performance evaluation of the Iraqi monetary, particularly in the year 1994 after the penetration of the dollar, revealed that the dinar had no real value as an Iraqi exchange measuring unit against the dollar, despite the fact that Iraq has enormous oil wealth more than any country in the world, especially European countries, in terms of trade credit and cash deal.

The American dollar monopolized the Iraqi economic policy and the dinar has not been able to stand up to it after the removal of the former regime and the loss of control by the State over its economic and commercial structures. How will the Iraqi currency be stabile when it is represented by the ill dinar which can not be cured as long as the floating dollar overwhelms the whole Iraqi market; the Iraqi seller and the buyer deal only by it. Who is responsible for this decline?

A question put before the Ministry of Finance, as the Minister stated previously on the need for (evaluating the Iraqi dinar) and called for its activation against the American dollar. Will the Iraqi parliament seek to lay the evaluation foundations of a new monetary unit all over again? Or will the dinar remain weak against the dollar? And to what level will the Iraqi economy deteriorate if its spinal column, represented by the dinar, can not withstand to be straight up any more?

Originally Posted by Inscrutable

Interesting.....???

I've been following this site for rates for a few weeks or a little after neno made his source thread.

The interesting thing is the rate for the next day always changed about 8PM my time (EST) to the next day, ie. Saturday to Sunday. Oddly last night the rate never changed and Sunday still has not posted.

MENAFN - Middle East North Africa . Financial Network Currency Charts,Currency Update,Money Markets,Analysis,Projection

Sunday just posted but it should be Monday. It's odd.

Sunday, January 07, 2007 1270.8 IQD

I went to edinarfinancial,

And every time I click to go to the hame page or anywhere else it comes up a blank page. has any one else seen that?

It is so weird to see such things like this and also stuff disappearing off of the internet too.

This get you to go HMMMMMMMMMMM does it not!

Bush to request more funds and troops for Iraq
MENAFN - 07/01/2007


(MENAFN) The Wall Street Journal reported that U.S. President Bush's new Iraq plan is expected to add billions of dollars to the funds of reconstruction, economic growth and new jobs in Iraq, UPI reported.

The journal indicated that the new strategy will also request 20,000 additional US troops to be sent to Iraq in order to help the Iraqi prime minister to restoresecurity in the war-torn country. Modearate Iraqi parties will receive funds for strengthening the current government.

According to the journal, US officials said that US Navy Adm. William Fallon is expected to replace U.S. Army Gen. John Abizaid as the head of the U.S. military's Central Command.

Originally Posted by archangel

Mike its friggin crazy, now that article that I posted that I got from iif is gone off the news site, it's getting nuttier by the second.

You took the words out of mouth. And it’s this very stuff that heightens a person’s awareness that something not so subtle is going on here. It certainly isn’t an accident that this story is missing. Plus I’m not buying the idea that they tested the electronic network at the very time they usually update the rate.

The Kurdistan Parliament discusses readings

The Kurdistan Parliament discusses readings

(Voice of Iraq) - 08-01-2007
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The Kurdistan Parliament will discuss the preliminary readings for five projects
Fouad Othman / Kurdistan National Council held under the chairmanship of Dr. Kamal Karagoki Vice-President of the Council and in the presence of Mr. Ahmed First secretary of the parliament held its No. 25 for the second session in accordance with paragraph (1) of article (20) of the rules of procedure of the Council for 1992 as amended. , Opened the meeting, Vice-President of the Parliament and read out the points on the agenda of the meeting included five points, as follows :
The preliminary reading of the draft law on the rights of the families of the martyrs and Almenfelin in Kurdistan. The preliminary reading of the draft law to the Ministry of Youth and Sports. The preliminary reading of the draft law on the institution of the mines. The preliminary reading of the draft law on the protection and development of agricultural crops in the region of Kurdistan. The preliminary reading of the draft law academics together.
The Legal Committee of the reading of these projects saying that the projects have been to the presidency of the parliament. He then read two members of the Legal Project in Kurdish and Arabic.

After reading projects transmitted Deputy Speaker projects to the legal committee and the committees on their respective subordination in order to study and redrafting legal order presented to the Board at subsequent meetings.

It is noteworthy that the Kurdistan Parliament has extended the winter vacation, which had been scheduled to start this month and for two months in order to complete the new draft laws of the Kurdistan region.

Shi'ite Sistani
07 Jan 2007 18:09:20 GMT
Source: Reuters
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Background
Iraq in turmoil
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NAJAF, Iraq, Jan 7 (Reuters) - Radical young Shi'ite cleric and militia leader Moqtada al-Sadr met the reclusive spiritual leader of Iraq's Shi'ite majority, Grand Ayatollah Ali al- Sistani, on Sunday, aides to Sadr said.

The reason for their first meeting in more than a year was not clear. The talks at Sistani's residence in the holy city of Najaf are part of delicate power relationships among the Islamist leaders of Iraq's now dominant Shi'ite majority, all of whom acknowledge Sistani's role as patron of their movement.

An aide to Sadr, Issam al-Moussawi, said the meeting was "cordial" and touched on "the security and political situation".

Sadr's political bloc is part of Shi'ite Prime Minister Nuri al-Maliki's national unity government but has been boycotting cabinet and parliament for the past month in protest at Maliki's renewal of the U.N. mandate for the U.S. forces.

Sadr's Mehdi Army militia is blamed by U.S. and some Iraqi officials for some of the worst sectarian violence afflicting Baghdad and other parts of the country, although Sadr himself has disowned groups carrying out death squad killings.

Maliki announced on Saturday a major crackdown in Baghdad on armed groups "regardless of sect", suggesting he may be ready to move against some Mehdi Army groups after months of resisting pressure from Washington and minority Sunni leaders to do so.

Sistani is the sponsor of the United Alliance bloc to which Sadr, Maliki and the other main Shi'ite political leaders belong. He has urged Shi'ites not to employ violence, although the rise in sectarian bloodshed over the past year has highlighted the limits of his authority.

Sotaliraq.com

The success of the security plan in Eid Al-Adha enhances the chances of success

(Voice of Iraq) - 08-01-2007
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The success of the security plan in Eid Al-Adha enhances the chances of success of the new plan

Baghdad Mazen's :
Fadel praised Dr. Chaouilli Media Advisor of the Ministry of National Security Iraqi noble position of the government and people of Kuwait and the parliament to stand by the Iraqi people in the execution of tyrant Saddam Hussein, while the positions of some Arab parties against the will of the Iraqis. He said that »cut the snake's head, the execution of Saddam, leaving the body kills Bsmomh which it has not been able to Infathea days during the Eid al-Adha celebrations«.

Knowledgeable Iraqi security sources on the security plan Court was applied in the days of Eid Al-Adha holiday, led to »success unparalleled« on the description of Brigadier Abdul Karim Kinani Director of the operations room at the Ministry of Interior who told »homeland« that security forces deal with the security threats addressed »rebel groups to the elected« a lot of wisdom and patience and to ensure the comfort of Iraqis in public places, which made it possible for people to live a typical situation in the days of the feast.
He expressed his belief that all groups, which controlled the price of their terrorist operations from Saddam Hussein and his groups, the day, according to confirmed information, trying to get out of Iraq, to retain funds that had been deployed by Saddam before entering prison, or those that arrived in Iraq on his orders of the funds deposited in secret accounts outside Iraq.
The Chaouilli that the last few days had witnessed a remarkable decline in terrorist operations, which did not find non-petrol station in the Al-Mansour for target hopes to increase the possibility of success of the security plan, which will increase the future chances of field preparations to confront any terrorist act cowardly senseless targeting the lives of Iraqis.

Organizations Baath

On the other hand, Al »the homeland« from informed Iraqi sources, that many of the leaderships, rescinded which is also called Balcadramutakadm what is known as the organization of return, have been asked to join to the organization of »the mujahidin« newtork, led by Azza periodic, where been reorganized the Baath Party in Iraq after American forces entered three groupings, the first of the cadre civil, which has known the organization of return, and the other for the Office of the military, and the third for the organization of the mujahidin, which took printer the extremist, close to the Al-Qaeda organization, and which led are directly Azza periodic, while led the the organization of return figures, are present in Syria and Jordan.

The military organization, including the formation of Fedayeen Saddam, abandoning the senior officers of the disbanded Iraqi army, including Chief of Staff of the Republican Guard dissolved Staff General Seif Eddin narrator, who is still at large was not arrested.

The Iraqi sources, that the league intends to hold the country »« pledge allegiance to the party's secretary-general, and there are a lot of promises, most funds to finance the party organization, tempted by these organizations for access.

However, Dr. Chaouilli, it is considered that all these attempts »unrealistic in light of the initiative of national reconciliation launched by the Prime Minister Nouri Al-Maliki, and the preliminary results of the political forces including not granted any of the followers of the rules of dead - and-buried or his party hypotheses political action against the Palestinian National Authority elected, in the context of the positive reactions to the possibility of accepting many of the leaders rescinded to join this initiative, which is now in a state of alert to the actions of the government in the question of the law abolishing the Baath Party and the return of the military to the army and the settlement of pensions for some other«.

He added »as long as Saddam death ended, it ended all of this organization, and any agreement on someone other than Saddam needs a lot of efforts that run clear differences in the statements attributed to the various armed groups that terrorist acts inside Iraq and funded by the henchmen of Saddam before his execution«.

This is supported by the Faisal, the Executive Director of the Ba `ath party who told» homeland «that the Authority issued a decree to 469 members of the teams, including a significant number of former military from the rank of Brigadier and below, is not doing any action contrary to the law, on the recommendation of the body to emphasize the absence of receipt of the lead in reorganization of the security forces, in addition to another list of military personnel only, issued on the occasion of the anniversary of the establishment of the army, consisting of about 500 of 450 officers from the senior levels.
Kuwaiti homeland

Sotaliraq.com

In his conference (Alblniom). Talabani reaffirms

(Voice of Iraq) - 08-01-2007
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In his conference (Alblniom). Talabani renewed emphasis on the need to form a front for cooperation between the moderate forces

Sulaymaniyah / PUKmedia
The President of the Republic and the Secretary-General of the Patriotic Union of Kurdistan, Jalal Talabani, that he should not forget the gains and achievements of our people and the Patriotic Union of Kurdistan, and remind them constantly.

He added Talabani read through the report of the Secretary-General at the opening of the mini (Alblniom) of the Patriotic Union of Kurdistan morning yesterday, Sunday, that the enemies of the National Union want to Igerdoh earnings of great achievements in the process of struggle.
He pointed in his report to the internal strife significant factor for the emergence of corruption and Block, describing it dirty war.

Turning to the KNU for reforms of the government and partisan, stressing the need for an accounting, and suggested the formation of committees in all organizational centers for the fight against corruption, and suggested that the issue (Alblniom) a firm decision to end the blocs within the ranks of the Patriotic Union of Kurdistan, and impose penalties, pointing out a number of steps necessary to make reforms in the ranks including activation of the Political Bureau better.

On the other hand, Talabani renewed emphasis on the importance of forming a front group or a committee for cooperation between Iraqi forces moderate, and said : "We must continue our efforts to bridge the gap in viewpoints between the Shiite and Sunni and confronting terrorism and extremism and violence.

He added : one of our principal alliance with the international forces, especially the majority, and must continue on this policy to win friends and allies for our people at the international level.
At the domestic level, Mr. Talabani renewed emphasis on consolidating relations between the National Union Alcordstani and the Kurdistan Democratic Party headed by Masoud Barzani, as well as cooperation and coordination with other Kurdish forces, and suggested in his report that the National Union and the Democratic Party together solid scientific plan to address the deficiencies and administrative corruption in governmental institutions and seabirds all walks of life in Kurdistan.

He also pointed to the need to address the deficiencies that resulted from the consolidation of the Departments of the government of Kurdistan, and spoke about the unification of forces Bishmaraka Kurdistan and the conditions s, and stressed the need to work hard informed of the implementation of article 140 of the permanent Iraqi constitution.

It is noteworthy that the Caucus (Alblniom) of the Patriotic Union of Kurdistan had started yesterday, Sunday, with the participation of 806 members and cadres of the Patriotic Union of Kurdistan, in the Shahid Shihab marking Qlajoalan city of Sulaymaniyah.

After a minute of silence in tribute to the souls of the martyrs read Dr. Fouad Massoum word of the Preparatory Committee (Alblniom).

It is scheduled to elect 11-6 members of the leadership and then nominate a number of the members themselves of Kurds, Arabs, Turkmen and Assyrians, Alaizidien of the leadership, including a number of women.
After the election of new members, will meet the leadership, where a number of them nominate themselves of the Politburo of the Patriotic Union of Kurdistan.

The exact date (Alblniom) third General Conference of the Patriotic Union of Kurdistan.