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

Read the message again, it says by the 14th of August. It could happen tomorrow,Sunday or Monday just the same. Don't give up on July just yet. The Iraqi government needs this yesterday. JMHO.

Originally Posted by melg

Not necessarily - currency and its value is all relative.

To the undersecretary living in Iraq on Iraqi wages taking 1.5 billion dinar IS a lot of money - to us it isn't because our perception of dinar is in terms of its equivalency in US$.

But if you lived there and were on a wage of even 100,000 dinar per year (which I imagine would be a HIGH wage) then 1.5 billion dinar is a VERY large sum.

I am a great believer in the revaluation - but don't necessarily subscribe to the notion that a theft by an underscecretary being an indicator that it will definitely happen.

Hi ya Melg... I was just being silly... In fact Tif really explained that really well (post 4178) so as Neno said..."closer we get to the end of this.. the stranger and crazier it will get... " it's just that it IS driving me crazy.. I'm in the mode to find any straw that sounds good no matter how crazy it sounds... in reality I keep telling myself.. hope and wish for the best..but also plan for the worst.. the Dinar IS going to peg...the worse being maybe not today but it is just a matter of time.. regardless this has been one fun ride with alot of great people..libby
Kristin.. I just checked for typos... I usually don't see them til after I hit ..submit.. I think I did better... but tend to revert... libby

Reuters
Jul 21 2006 22:56

By Steve Holland

WASHINGTON, July 21 (Reuters) - President George W. Bush and Iraqi Prime Minister Nuri al-Maliki will seek agreement next week on improving security in Baghdad and one option is to bring more U.S. and Iraqi forces into the capital, a senior U.S. official said on Friday.

Maliki visits Washington to meet Bush on Tuesday as Baghdad is convulsed by mounting violence between Shi'ites and Sunnis that has raised fears of all-out civil war in Iraq.

Their talks are likely to encompass the volatile region beyond Iraq as well.

Bush is under pressure to show progress in Iraq, clearing the way for a reduction in U.S. troops by the end of the year, as his Republicans face elections in November with their control of the U.S. Congress at stake.

U.S. officials expect Maliki to raise with Bush his concern about Israel's attacks against Hizbollah in Lebanon and that Bush will explain why he wants to address the root causes of the conflict, such as Hizbollah's attacks on Israel and Syrian and Iranian support for the guerrilla group.

Maliki, who will address a joint session of the U.S. Congress on Wednesday, has denounced Israel and warned of the dangers of escalating tension in the region.

The senior Bush administration official said Maliki's outspokenness was evidence that "we're dealing with a sovereign government here, not one that takes an American position on everything."

Five weeks after Bush visited Baghdad to bless the new Maliki government and rekindle hopes of better days ahead, hundreds of Iraqis have been killed in suicide bombings and attacks.

The senior official, who briefed reporters on condition of anonymity, would not talk about what security agreements might be made between Bush and Maliki, but suggested there could be ways to bolster Iraqi forces whose month-old plan to limit violence in Baghdad has been overwhelmed.

"I think it's very possible there could be some concrete agreements that could be made during the trip about shifts in emphasis, shifts in resources, those kinds of things," said the senior official.

One option is whether to bring to Baghdad more U.S. and Iraqi forces deployed around the country, said the official, who cautioned any steps would not be dramatic and would not end the violence overnight.

"The situation in Baghdad is one that if there starts to be improvement in that city, that that will have positive reverberations throughout the country. So that is one of the reasons why Baghdad is so heavily on the minds, both of the prime minister and the president," the official said.

U.S. officials are insisting Iraq is not on the brink of civil war, saying Maliki is pushing ahead with reconciliation efforts between Sunnis and Shi'ites and that most Iraqis do not want their country divided along sectarian lines.

http://www.noozz.com/Iraq/ViewArticl...ticleId=167542

By Sgt. Waine D. Haley/133rd MPAD
Published: Friday, July 21, 2006 6:39 PM CDT
E-mail this story | Print this page

TIKRIT, Iraq - Iraqi private investors are seeing a future in their own country’s economic growth and are jumping in to help the economy in multiple ways.

The Iraqis are financing a unique business in the Salah Ah Din province, a water and soft drink bottling company. This new company is getting most of its financing from the Al Jaborah Company with the additional financing coming from local business men.

“Al Jaborah Company had an idea for a water bottling plant ... and invested about 51 percent of the funds,” said Capt. Daniel Cederman, 402nd Civil Affairs Detachment. “The additional 49 percent came from private Iraqi investors.”


http://www.derbydailyrep.com/article...news/news1.txt

World News Connection
Jul 22 2006

Baghdad Al-Iraqiyah Television, Baghdad Al-Diyar Television, and Baghdad Al-Sharqiyah Television were observed between 12 and 19 July to carry the following reports in their economic bulletins:

Housing and Infrastructure Development Projects:

On 14 July, Baghdad Al-Iraqiyah Television in Arabic -- government-sponsored television station, run by Iraqi Media Network-- reported that a brick factory, with a production capacity of 150,000 bricks per day, was inaugurated in Al-Duhuk Governorate in the Kurdistan Region.

On 16 July, the channel reported that the Ministry of Electricity has devised short and long term plans to urgently meet Baghdad's electricity requirements during the summer season.

Within its economic bulletin on 17 July, Al-Iraqiyah cited an official at the Ministry of Electricity as saying that 20 electric power generators, whose production capacity is estimated at 17 megawatts, will soon arrive in Iraq, after which they will be erected in different parts of the country.

On 19 July, Baghdad Al-Diyar television in Arabic -- independent, private news and entertainment channel, run by Faysal al-Yasiri, Iraqi media figure, reported on a groundwater treatment project in the city of Al-Najaf, in addition to an ongoing campaign to renovate the city's sewage network.



Oil and Gas:

On 12 July, Al-Iraqiyah reported that Iraqi Prime Minister Nuri Al-Maliki has affirmed his government's resolve to take measures aimed at activating the Iraqi economy, in addition to issuing laws that encourage the private sector to import petroleum products, in order to meet local demand.

On 13 July, the channel reported that the Iraqi Ministry of Oil has ratified several contracts for the import of petroleum products to Iraq through the country's northern and southern ports. The channel added that products to be imported include 280,000 tons of gasoline, 175,000 tons of fuel oil, and 139,000 tons of liquefied gas.

On 14 July, Baghdad Al-Sharqiyah Television in Arabic -- Independent, private news and entertainment channel focusing on Iraq, run by Sa'd al-Bazzaz, publisher of the Arabic-language daily Al-Zaman, cited the Iraqi oil minister as announcing that Iraq is to construct the country's largest oil refinery in the city of Koysinjaq in the Kurdistan Region, adding the there are several other projects to develop oil fields in the region. In a briefing to the press, Al-Shahristani said that the 1 billion dollar oil refinery, whose production capacity is estimated at 70,000 barrels per day, will be completed in three years.

On 15 July, Al-Iraqiyah reported that in an effort to meet local demand for liquefied gas, the South Oil Company [SOC] has erected a gas dehydration unit in Al-Rafidiyah area in Basra Governorate.

On 16 July, Al-Iraqiyah cited Barham Salih, deputy prime minister for economic issues as saying that it is not favorable to wait for the government to solve the fuel crisis, while underlining the need to privatize the oil industry.

On 17 July, Al-Sharqiyah cited Governor of Basra Muhammad al-Wa'ili as saying that oil smuggling activities have decreased by 80 percent. The channel recounted statements made in May by the Iraqi Minister of Oil Husayn al-Shahristani, in which he accused the Iranian coast guard of providing cover for oil smuggling operations.

On 18 July, Al-Iraqiyah cited commercial sources as saying that Iraq has withdrawn its latest tender to sell crude oil from the Kirkuk fields, indicating that the available crude oil is not of commercial quantity.

Within the same economic bulletin, the channel cited Deputy Prime Minister Barham Salih as saying that all issues hindering the arrival of imported petroleum products from Turkey and Kuwait will soon be resolved.

On the same day, Al-Sharqiyah reported that the Italian Government has allotted 850,000 euros for the development of the oil industry in the city of Al-Nasiriyah in Dhi Qar Governorate.

Additionally, Al-Sharqiyah reported that economic analysts attributed the failure to supply the Iraqi market with sufficient petroleum products to low fuel production levels, which do not match the technical capabilities of Iraqi oil refineries. The channel added that unsettled financial issues with fuel suppliers in neighboring countries have contributed to the country's fuel crisis.



Other Reports:

On 12 July, Al-Iraqiyah reported that Iraq and Iran have signed an agreement to connect the Iraqi telecommunications network to the Iranian express telecommunications network through four main cables on the Iraqi-Iranian borders. The channel added that this step will enable Iraqis to make international calls using land lines at reasonable rates.

On 13 July, Al-Iraqiyah cited sources at the Syrian Chamber of Commerce as saying that exports to Iraq during the past six months have reached a high of 750 million US dollars, while indicating that export rates are expected to reach over 1.5 billion US dollars by the end of 2006.

Within the same economic bulletin, the channel carried a report on the effects of the deteriorating security situation on the Iraqi market, indicating that it has "crippled" trade activities.

On 14 July, Al-Iraqiyah reported that Iraqi investors were granted approval to establish two cement factories in Jordan at a total cost of 300 million US dollars.

Within the same economic bulletin, Al-Iraqiyah reported that the customs police in the Maysan Governorate have foiled an attempt to introduce 480 cartons of rancid eggs into the Iraqi market.

On 16 July, Al-Iraqiyah reported that the Integrity Commission is currently investigating over 300 cases of administrative corruption in various government institutions, including 42 cases involving key officials in the former and the current governments.

On 17 July, the channel reported that Iraq and the US have signed a memorandum of understanding to regulate trade between the two countries.

On the same day, Al-Sharqiyah cited Iraqi Minister of Trade Abd-al-Falah al-Sudani as saying that Iraq is to purchase more wheat from international suppliers. The channel added that Iraq had floated a tender in May to purchase 350,000 tons of wheat.

On 18 July, Al-Sharqiyah reported that Iraqi businessmen had suspended the implementation of 50 percent of trade contracts with their Jordanian counterparts due to the deteriorating security in Iraq.

On 19 July, Al-Sharqiyah reported that the Iraqi Government and the UN have reached an agreement to postpone the implementation of an international project aimed at reviving the Iraqi economy. The channel cited Iraqi Deputy Prime Minister Barham Salih as saying that escalations in Lebanon forced prominent diplomats and officials due to take part in meetings in Baghdad, to reschedule their visits until late August or early September.

if you read PH post, then its a done deal. just waiting to announce, level with the Euro, pray for that and by end of next week people!!!
lets make this happen.
this morning i have a lovely mild hangover after a celebratory wine and itialian dinner with some close mates im giving some dinars to so they can keep up with my spending in a few days when i cash the whole lot in.

its obviously a done deal.

so lets all celebrate, and stay positive. arabs have been killing eachother for aeons. more americans die of obesity for gods sake!!!

question to Mike or Adster .... What is your view on last post by PH. Especially July 19th. On 19 July, Al-Sharqiyah reported that the Iraqi Government and the UN have reached an agreement to postpone the implementation of an international project aimed at reviving the Iraqi economy. The channel cited Iraqi Deputy Prime Minister Barham Salih as saying that escalations in Lebanon forced prominent diplomats and officials due to take part in meetings in Baghdad, to reschedule their visits until late August or early September.

Originally Posted by zugdor

question to Mike or Adster .... What is your view on last post by PH. Especially July 19th. On 19 July, Al-Sharqiyah reported that the Iraqi Government and the UN have reached an agreement to postpone the implementation of an international project aimed at reviving the Iraqi economy. The channel cited Iraqi Deputy Prime Minister Barham Salih as saying that escalations in Lebanon forced prominent diplomats and officials due to take part in meetings in Baghdad, to reschedule their visits until late August or early September.

Well I am not Mike or Adster. BUT I do know that there are rumours that the conflict in Lebanon is going to escalate into a major conflict with US troop involvement. I sure hope this doesnt delay things. But who knows......

Originally Posted by bob1940

Kristin are you a proofreader? LOL I catch them all the time also and also make a few my self. LOL

I know I've been caught in several good blunders myself! Not a proofreader, just from very literary stock. Words is good. I loves em'.

Originally Posted by ezcash

Hi ya Melg... I was just being silly... In fact Tif really explained that really well (post 4178) so as Neno said..."closer we get to the end of this.. the stranger and crazier it will get... " it's just that it IS driving me crazy.. I'm in the mode to find any straw that sounds good no matter how crazy it sounds... in reality I keep telling myself.. hope and wish for the best..but also plan for the worst.. the Dinar IS going to peg...the worse being maybe not today but it is just a matter of time.. regardless this has been one fun ride with alot of great people..libby
Kristin.. I just checked for typos... I usually don't see them til after I hit ..submit.. I think I did better... but tend to revert... libby

Oh my God, next you're all going to be calling me "teach." Discipline! discipline my darlings!
Neno, I just have to ask, what is your language of origin? You have me fooled.
xoxoxoxox