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

Originally Posted by CharmedPiper

Just announced on CNBC Squawk Box (Financial News) that Iraq's Council of ministers have announced that the long awaited hydrocarbon law will be released this week and this will allow foreign big oil companies such as Exxon and Shell to come in.

WWWEEEAAAHHHHH!!

Just a little note....I watch CNBC financial all the time Worldwide Exchange, Squawk Box, Market Watch.....THIS IS THE FIRST TIME I HAVE HEARD THEM EXCITED ABOUT IRAQ NOT TO MENTION THEY ALMOST NEVER MENTION IRAQ BEFORE TODAY IN TERMS OF OIL AND LAW. THIS IS HUGE!!!!

Planning Minister: many measures to treat inflation
Baghdad, Jan 8, P3

The Minister of Planning and Development Cooperation Ali Ghaleb Baban has specified two entrances to treat the consumer price indexes inflation happened in Baghdad

In statement to as-Sabah newspaper, Baban said: that the first entrance would be on the level of the cash system through rising the interest in the banks.He added that Planning Ministry had approved that the solving of inflation is coming through relive and activity to the productive sectors, referring that the ministry has not found response from the other ministries concerning this project.

ÌÑíÏÉ ÇáÕÈÇÍ - Planning Minister: many measures to treat inflation

Originally Posted by CharmedPiper

Just a little note....I watch CNBC financial all the time Worldwide Exchange, Squawk Box, Market Watch.....THIS IS THE FIRST TIME I HAVE HEARD THEM EXCITED ABOUT IRAQ NOT TO MENTION THEY ALMOST NEVER MENTION IRAQ BEFORE TODAY IN TERMS OF OIL AND LAW. THIS IS HUGE!!!!

Yep... Great find CharmedPiper! This is what is needed. This IS the key to Iraq's financial wealth and future then correlating to those of us with Iraqi dinars. This is news we needed to hear!

The first political Contain the problem : the unemployed and the exception of large numbers of members of difference

2007 awaits further action to improve the conditions of society Baghdad-Sabah It is expected that 2007 witnessed further measures aimed at alleviating the burdens of citizens, social, economic and service, and go hand in hand with the political effort intensive local, regional and international conditions to face the security situation in Iraq. After a few days on the 465 members of the team members said the eradication of the Baath : it is these days the exception of large numbers of them consecutively according to legal mechanisms.

And trying to translate the recommendations of the parties last recommended mitigation measures, epitomized where Dr Ahmad Chalabi that no more than two thousand people will-only-covered these procedures. This requires the intervention of the House because of the constitutional framework which drives the body mechanisms. A statement by the Authority issued yesterday, Sunday, : it seeks to distinguish between the blood of the Iraqis involved and who were forced to belong to the disbanded Baath through legal controls established by the decisions issued successively.

The body issued until today 51 decision excluded thousands of team members and returned them to their jobs. The observers consider that the body made an effort to rehabilitate creative Those them and their inclusion in the fabric of life after that tampers with their ideas of the former regime. However, it nevertheless suffered a lot of criticism against the background of the rumors that some cases of illegal logging are not subject to legal proceedings. According to the judge : that the Office of the ratification of the decisions usually before the issuance of certain constants on the legal and national levels.

On the other hand, news reports said that the new plan, which is working to implement the American administration in Iraq include creating job opportunities of $ 1 billion, and this gives greater impetus to the government project Maliki in improving economic conditions across the largest budget in Iraq in more than 40 billion dollars.

He said close and experts : that the doors of this budget to be debated by the House of Representatives tomorrow, Tuesday, include a plan to eliminate unemployment.

The economic reports indicated that economic program will be applied this year includes the re-operation of factories suspended to allow the unemployed to work.

American experts say : that the problem facing Iraq is not only security but also economic, and recommended that divided the Bush plan to be announced Wednesday, to hubs in the forefront of urging the development of the Iraqi economy.

It is believed observers speculate, and officials here in Iraq to live in hardship and loss of employment reasons, could push young people to take up arms and to accept the temptations of the terrorist groups that provide them money.

It reiterated the Ministry of Labor and Social Affairs intention to employment of thousands of unemployed people and those who support the establishment of small-scale projects.

All this comes at the same time started by the Peace Action new salary and the pension law, which gives beneficiaries 80th% of the salaries of their peers in the service.

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

Number of banks 9 -----
Auction price selling dinar / US $ 1320 -----
Auction price buying dinar / US $ 1318 -----
Amount sold at auction price (US $) 9.305.000 -----
Amount purchased at Auction price (US $) 1.200.000
Total offers for buying (US $) 9.305.000 -----
Total offers for selling (US $) 1.200.000 -----


Goooooooooooooooood Morning RolClub


5 point change today. Headed for 1260 I suspect.

1. 5 point change in the dinar today. Was 1325, now 1320

2. A $8,105,000 (net) worth of dinars, (IQD - 10,698,600,000) out of circulation

3. 9 banks participating.

4. 56th auction since the beginning of CBI's reval plan

5. 100 days into the CBI's reval plan.

6. 2,889,137.002,000 dinars pulled from circulation !!

7. 1,581,600,000Dinars back into circulation today !!

8. 157 dinar change since Nov 1st (baseline was 1477) 10.629% increase in value of the dinar since beginning of reval plan.

9. 5 point reduction in the rate so far this week. Was at 1325 at the end of last week, 1320 this week.

10. 5 point drop so far in the month of Jan. Ended at 1325 in Dec, now stands at 1320

Originally Posted by CharmedPiper

Just announced on CNBC Squawk Box (Financial News) that Iraq's Council of ministers have announced that the long awaited hydrocarbon law will be released this week and this will allow foreign big oil companies such as Exxon and Shell to come in.

Well. looks like we are there. Dang I got to go to work. I promise, I will see you guys this afternoon. Thanks for all the resent news Gang. Make copies for important ones, incase they dissapear again from the news waves.

Originally Posted by Pippyman

Yep... Great find CharmedPiper! This is what is needed. This IS the key to Iraq's financial wealth and future then correlating to those of us with Iraqi dinars. This is news we needed to hear!

Yeah what Pippy said!

UPDATE: CNBC SQUAWK BOX reporting the London Independent reporting that Iraq's Hydrocarbon Law becomes a reality this week. This will allow big oil such as Exxon and Shell to stake claims in Iraq's vast oil reserves. Although drilling may not begin immediately foreign investors can secure their future in Iraq. (I can only write so fast, so I tried to catch everything I could). They are running Iraq Oil news every 15-20 minutes.....I have never seen them do this before regarding Iraq. These are hard-nosed financial investors that don't report on speculation. WOOOOOOOOOT!

THIS IS HUUUUUUUGE!!! HCL TO BE ENACTED THIS WEEK!!! THIS IS LIKE ONE OF THE LAST PEICES OF THE PUZZLE!!!