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

Originally Posted by lazyasL

sorry if this has been posted already, i rushed though the post and did not notice it..........The CBI has deleted the iraqi currency folder...they used to have a picture of the 50, 250, 500, 1000, 5000, 10000, and 25000, just above the exchange rate folder, i have been watching the aribic side of the CBI currency to see if they might place any changes or new notes there before the english side, Now nothing on either side showing the currency?????????????????......

good eyes, its also not on the aribic page

did find this about the Dec 8th


The Ministry of Finance has decided to cancel auction remittances treasury (No. 51) on the January 8, 2007 due to lack of subscription Alasdarih full amount and the high discount rate of the banks and of 22% annually.
ÍæÇáÇÊ ÇáÎÒíäÉ

Originally Posted by Inscrutable

Baghdad / Justice : A deputy in the parliament yesterday that the price of the Iraqi dinar will continue to rise against the dollar to reach a level high by mid-year. He expected the deputy United Iraqi Alliance list Hassan Al-Sunaid during a parliamentary session yesterday that up to the Iraqi dinar exchange rate of 1200 dinars to the dollar at mid-year, while the price of one dollar hit 1480 IQD in last November. Al-Sunaid's statement came during a session of Parliament to discuss the general budget in Iraq during the year 2007, which was hosted by the Minister of Finance statement Baqir al-Zubaidi, a number of his advisers. It is noteworthy that the Iraqi dinar has been rising gradually and continuously, in the value of exchange against the dollar since the Central Bank of Iraq adopting a new monetary policy to deal with inflation in the 13 last November. He attributed the "causes inflation to the disproportionate rate of the Iraqi dinar with the nominal level of the real" prompted the bank to raise the value of the dinar since November last year to reach during the current January to about 1320 dinars per dollar. The Al-Sunaid expectations yesterday consistently high value of the dinar to 1200 dinars to the dollar amid widespread demand of investors and persons dealing in Iraqi dinars instead of the dollar.

Well this is really BS!

Not gonna happen. First stating budget at 1260 and then 1/2 year later 1200.

Yeah, that's a big help for the iraqi people!

No No, they just won't tell us that they are going to a 1:1 level and come up with this.

Originally Posted by CharmedPiper

I translated this from the arabic version on the CBI site. Notice the date of 1/11/2004.....tomorrow is 1/11/2007 exactly 3 years from the date....maybe something???

ÇáÓíÇÓÉ ÇáäÞÏíÉ

The Governing Council endorsed the Iraqi Central Bank to adopt instructions legal reserves. Will these instructions as of 1 / 11 / 2004.

someone posted before that it is the actual 3 year anniversary of the dinar and not the other one that came a couple months ago.

Originally Posted by CharmedPiper

I posted this earlier this morning. The last sentance needs some more interpretation.....I know what I think but I was wondering what everybody else's take on this last sentance is....

Mr. President has decided to lift its 9th meeting session to complete So today.

As from what I have read and understand is that they had a session yesterday and also today to complete the budget.

I think the budget must be done today and I am certain it will be done.

As we have read other topics are postponed till tommorow, so I think this has first priority!

By the way, why don't we hear anything about the HCL.

It should also be in parliament now, maybe also a reason that they postponed other topics of their agenda today till tommorow.

It's just a matter of priorities!

Originally Posted by $onedaysoon$

good eyes, its also not on the aribic page

did find this about the Dec 8th


The Ministry of Finance has decided to cancel auction remittances treasury (No. 51) on the January 8, 2007 due to lack of subscription Alasdarih full amount and the high discount rate of the banks and of 22% annually.
ÍæÇáÇÊ ÇáÎÒíäÉ

If you click on news link then it SHOWS the currancy link again on the CBI site

Originally Posted by shotgunsusie

someone posted before that it is the actual 3 year anniversary of the dinar and not the other one that came a couple months ago.

Wouldn't that be nice to celebrate tommorow with a nice 1:1 level!

Originally Posted by Inscrutable

Baghdad / Justice : A deputy in the parliament yesterday that the price of the Iraqi dinar will continue to rise against the dollar to reach a level high by mid-year. He expected the deputy United Iraqi Alliance list Hassan Al-Sunaid during a parliamentary session yesterday that up to the Iraqi dinar exchange rate of 1200 dinars to the dollar at mid-year, while the price of one dollar hit 1480 IQD in last November. Al-Sunaid's statement came during a session of Parliament to discuss the general budget in Iraq during the year 2007, which was hosted by the Minister of Finance statement Baqir al-Zubaidi, a number of his advisers. It is noteworthy that the Iraqi dinar has been rising gradually and continuously, in the value of exchange against the dollar since the Central Bank of Iraq adopting a new monetary policy to deal with inflation in the 13 last November. He attributed the "causes inflation to the disproportionate rate of the Iraqi dinar with the nominal level of the real" prompted the bank to raise the value of the dinar since November last year to reach during the current January to about 1320 dinars per dollar. The Al-Sunaid expectations yesterday consistently high value of the dinar to 1200 dinars to the dollar amid widespread demand of investors and persons dealing in Iraqi dinars instead of the dollar.

do you have the link? just asking because i checked that site daily, this may be an older article, it looks familiar

The World Bank financed a program to benefit from the Iraqi frozen loans

A expert at the Ministry of Planning and Development Cooperation of Iraq that the World Bank would finance a government program Iraqi easily take advantage of international loans not paid for reasons of legal and eastern approaches between Baghdad and donors, stressing that one of the most significant obstacles to reconstruction in Iraq, delay the implementation of projects funded by international grants and loans and the investment budget of the state and Iraq's lack of a uniform law and evolving to meet the basic needs of the beneficiaries and executing alike. The expert, who asked for anonymity, said that the reasons for the delay of projects financed by donor countries and organizations due to the fact that most of these bodies would prefer to apply the rules and guidance own, particularly projects funded by the Iraqi credit fund administered by the World Bank-funded projects during the Japanese Bank for International Cooperation, noted that the same situation Apply to the projects being implemented by donor countries directly. He added that the refusal of the international application of the rules of Iraq and insist on the application of its own rules are due to the lack of transparency Iraqi law on the scope of application and the documents adopted in the bidding to the public. The expert pointed out that the security aspect reflects another negative manifestation in the prices of submissions from companies operating in Iraq, as the company operating the same level as in the neighboring countries is calculated by higher costs for the mere action in Iraq, regardless of the security costs. He points out that in view of the establishment of some of the donor countries to direct implementation of the reconstruction projects and direct coordination with the beneficiaries in the provinces and territories, especially in relation to the grant American account for 55 per cent of the total pledges of financial 3Billion dollars, this reality has led to a loss of focus in the coordination of these programs that may operate in the field and one in some cases. He says that he was diagnosed with the causes leading to the delay of implementation, which requires good decision and the first signs of this trend has emerged in the project, which is being implemented for the time being financed by the World Bank and through the ministerial committee charged with preparing a draft bill for government contracts had to consult international experts have a prominent place in this field

جريدة المواطن العراقية

(CBS/AP) President Bush will tell the nation Wednesday night that he will send more than 20,000 additional American forces to Iraq, acknowledging that it had been a mistake earlier not to have more American and Iraqi troops fighting the war, a senior administration official said.

Seeking support for a retooled strategy to win support for the unpopular war, the president also will acknowledge that the rules of engagement were flawed, White House counselor Dan Bartlett told CBS's Early Show.

For a little over 20 minutes Wednesday night, Mr. Bush is to explain why the number of U.S. troops in Iraq has to go up before it can go down, CBS White House correspondent Bill Plante reported, with a buildup of 11,000 more troops over the next few weeks and then 11,000 more over the next few months.

The second wave of 11,000 troops will go in March, April and May if the field commanders believe the Iraqis are living up to their end of the bargain under a set of benchmarks agreed to by the Iraqi government. Those include: curbing Shiite militias; distributing oil revenue among Shiites, Sunnis and Kurds; and easing restrictions on Saddam Hussein's former Baathist party.

The president will say that the additional troops (augmenting the 132,000 troops now in Iraq) will be sent to both Baghdad, which has been consumed by sectarian violence, and the western Anbar province, a base of the Sunni insurgency and foreign al Qaeda fighters.

The troop buildup, along with other steps expected to include pumping $1 billion into Iraq's economy, is the administration's answer for a nearly 4-year-old war that has only gotten deadlier with no end in sight.

"A vast majority of the American people are not satisfied with the progress in Iraq," Bartlett told CBS Early Show anchor Harry Smith. "President Bush is in their camp. He's not satisfied, he's going to say the strategy was not working, he's going to tell them specifically how we're going to fix the strategy."

CBS News will broadcast the address tonight live beginning at 9:00 p.m. EST.

The lack of success in Iraq, Bartlett suggested, has been due to the actions or inactions of the Iraqi government. "What we have seen in the past is that military operations sometimes were handcuffed by political interference by Iraqi leadership," he said.

"The president will say very clearly tonight that there were mistakes with the earlier operations, that it did not have enough Iraqi troops or U.S. troops, that the rules of engagement — the terms in which our troops would actually conduct these operations — were flawed," Bartlett said.

The president will say that the infusion of additional American forces will depend on Iraq taking specific steps to curb sectarian violence and make other moves to deal with political and economic problems.

Bartlett also said that Mr. Bush will "make very clear that America's commitment is not open-ended, that benchmarks have to be met, that milestones have to be reached both on the security side but just as importantly on the political side and the economic side. It will be unequivocal in President Bush's speech tonight that the Iraqis have to step up."

The president faces a tough and skeptical audience: According to a recent CBS News poll, just 23 percent approve of his handling of the war, while 72 percent disapprove.

SOURCE

I follow the Currency Converter site for "street rate"....I follow the real-time graph set at 1 minute intervals and I have seen the lowest today at EUR/IQD at 1706.7

Real-time currency prices
Tradable Forex prices (Middle East currencies)
1706.7