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

Originally Posted by Frank Rizzo

Is this the link everyone's talking about?

http://www.advfn.com/quote_United-St...FX_USDIQN.html

was posted a while back and adster later said it was not valid info.

sorry.....................

No problem Aceman, keep on looking for news!

This is good, and maybe Bush have told Putin to buy some dinars eh?

Russia to write off 10bn dollars of Iraqi debts "within days"

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St Petersburg, 16 July 2006 (BBC Monitoring)
Russia will write off about 10bn dollars from Iraq's principal debt within days, Russian Finance Minister Aleksey Kudrin told journalists today.

"This is our country's contribution to the development of the Iraqi economy," he said. At the same time the Russian minister described the step as "a necessity, which he agreed to together with other creditor countries".

Overall, Kudrin said, "between 1997 and 2006 we have written off just under 40bn dollars of debts of the needy countries, mainly in Africa". However, Kudrin described this form of help to poor states as passive. "Russia is moving from writing off debts to more active forms of donorship, through participation in various international funds," he said. Russia is to allocate 150m dollars for supporting these states, but this sum is to increase step by step in the future.

Not a bad way to start the day! Who says a high r/v is not possible!!

http://www.iraqupdates.com/p_articles.php/article/9357


IEA: Iraq is '90 percent unexplored for oil'
14 July 2006 (Turkish Daily News) -- Only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields, the International Energy Agency (IEA) said in a report...

n two separate statements issued by MOD

Killing 25 Terrorists, Capturing 151 Others, Neutralizing VBIED & 2 IED's

Iraqi Army Forces resumed pursuing terrorist's groups in various operational sectors, within the last 24 hours; they came into the following results:

The 6th & 9th Division Command in Baghdad Sector (Together Forward):

1. 21 terrorists were killed.

2. 25 terrorists were arrested.

3. An IED found.

4. Within the 6th Division sector, 145 patrols were impelled, 114 checkpoints were installed.

The 2nd & 3rd Division Command in Mosul Sector:

1. Operation al-Romh/7 continued within the 2nd Division. Search-cordon some areas led to the arrest of 47 terrorists, killing two terrorists.

2. An IED were found /cleared.

3. 8 patrols were impelled.

1st & 7th Division in Ramadi Sector:

1. Three terrorists were apprehended.

2. 112 patrols were impelled, 19 ambushes were set, and 12 checkpoints were installed.

3. VBIED defused in Al-Khalidiya region.

4. An IED found in Karma within Fallujaa.

5th & 4th Division Command / Salah ad Din - Kirkuk Sector:

1. Internment of 35 terrorists.

2. Two IED's found in Hawija were counteracted.

3. Impel 73 patrols and install seven ambushes and eight checkpoints.

8th & 10th Division Command / al-Fourat al-Awsat (Middle Euphrates) and southern Sector:

Security plan resumed in Basra within the above mentioned divisions.

Special Operations Command:

31 terrorists were detained.

The joint operations with Coalitions Forces

Four terrorists were apprehended.

Through the direct coordination with the local citizens and based on credible intelligence, the 2nd Brigade / 6th Division command of IA conduct several assault targeting terrorists dens in al-Ahdhamiya area achieving the following results:

1. Two terrorists were killed.

2. Six terrorists.

3. 6 motorbikes loaded with light weapons.


Arresting Five Terrorist's including al-Qaeda Leader

Yesterday, Coalition forces targeted and detained five terrorists near al-Yousfiya area in Baghdad. One of the captured terrorists linked to al-Qaeda, has ties to foreign fighters in the area and direct contacts with several senior al-Qaeda in Iraq leaders.

The GULF REGION DIVISION (GRD) in cooperation with the Iraqi technical and engineering staffs carried out many service projects in potable water, health and roads fields in Basra & Baghdad with total cost of 2.912 Billion ID.

Construction is complete on the rehabilitation of the Mahalla 561 Sector water project in Sadr City, Baghdad Province. This 2.215 billion ID project helps provide potable water to approximately 30,000. Meanwhile, Renovations were completed (147 million ID) on al-Yusufiyah Health Clinic. The project provides a safe and modern preventative medical facility to 35,000 patients annually.

Scope of work included plumbing system, the roof and the interior of the facility, air conditioning units and a 100 kW backup generator were installed. As in Basra, construction began on two road projects in Basra/ al-Quba and Haji Sfeih with 550 million ID.

U.S. commerce secretary in Baghdad
Baghdad, July 17, (VOI) – The United States Secretary of Commerce Carlos M. Gutierrez arrived in Baghdad on Monday in a previously unannounced visit, an official source at the U.S. embassy in Iraq said.
Iraqi Prime Minister Nouri al-Malki is due to meet Gutierrez and the accompanying delegation on Monday, the source said.
They would later hold a joint news conference at the cabinet headquarters.

http://www.aswataliraq.info/modules....rder=0&thold=0

The translation are poor but we talk about re-print
a new currency etc...



Musa Kazim
Another wave of price rises grind down the common sufferings of the poor and add to their suffering.
Prices rise every day without justification acceptable Dealers try to take advantage of the lowest possible quick profit at the expense of the poor. If the oil pipeline sabotage traders quickly raise prices on the pretext of high fuel prices


If cut off the flow of water and even briefly quickly they raise the prices of soft drinks imported and domestically produced, The trade bottled water Balb plastic has witnessed a boom unprecedented in the history of modern Iraq to the extent that I fear seeing packages imported water as a result of chaos business surges experienced by the local markets.
What arises from the actions of raising living standards and fighting poverty and unemployment is more than as saying (in the air Chpk) Rising prices continued in the form of successive waves. add more poverty to the poor and more money to the rich, The looming hope save big segment of society (the poor segment) of destitution and deprivation proposals and partial solutions within the door casing and turnover.
It remains the best solution is to pay a blow to the waves of inflation and monetary inflation in a predictable outcomes and the dimensions of the process of issuing currency, a new currency to replace the current cash in circulation, according to the equation (1 1000) method (3) deleted too.
So as to ensure a new balance curb slaves quick profits and return to the financial situation Anastha natural.
It turned a number of States to those solutions and the last experiment of this type in late last year when it resorted Turkey to replace its currency monetary another according to the formula deleted (6) too, which helped the Turkish economy to curb inflation and stop the drain of high prices.
The poor who constitute the majority in society need to Ingthm poverty, unemployment and waves of price rises, which stipulates bother every day.
The situation of economic chaos overwhelming responsible for the wave of price rises following things have come to the event of loss of control, resulting in no disadvantage consequences.

http://translate.google.com/translat...language_tools

Originally Posted by Adster

Not a bad way to start the day! Who says a high r/v is not possible!!

http://www.iraqupdates.com/p_articles.php/article/9357


IEA: Iraq is '90 percent unexplored for oil'
14 July 2006 (Turkish Daily News) -- Only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields, the International Energy Agency (IEA) said in a report...

Amazing,

The amount of oil in Iraq once reserves are defined, and equipment is modernized will create the most wealthiest of all countries and certainly surpass Saudi Arabia as there reserves are shrinking at the same time, in fact, experts predict Saudi wells will be all but dry in ten years, so watch dinar rise and rise. (g)

Good luck to all, Mike

Interesting,

As with all translated articles, they are confusing to say the least. Overall, there is no doubt price pressures are mounting, and many are still unemployed, but with the planned revalue and announcing international investment law, already in place, this will explode regions economy, whoops, poor choice of words when speaking about Iraq, but you get the point.

We know that oil subsidies are being phased out in agreement with neighboring countries who were owed money from Saddam days, and we also know this debt has no been forgiven with the further lifting of oil subsidies, so this has created some short time pressure on low income citizens. This only fuels the logics behind revalue, so again, there is more pressure building on logics behind the revale to offset this rise in fuel prices which is now causing the same ripple effect we are seeing in U.S. There is often several months of lag time before prices increases are felt by everyone, but it is not hyper inflation as it was in other countries, so not to worry.

Good luck to all, Mike