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

I read yesterday this story of a girl (nice read).

It's about the price of a propane gas bottle which was first 30,000 dinar and on the 16 september 4,000 dinar.

There is something going on!

It is all about our life: Propane gas bottle

Originally Posted by Justpraying

I sure was!

Darn someone has too much in there headers, I am having to scroll again.

Ok i know this isn't news off topic just a min to say
I'm so glad to be back here again, i was so lost without rolclub,i did go over to that other site because of e-mail i got and i thought all you guys were there and it was a new site for us. Anyway had bad feeling there so only posted once to let everybody know i was there (all ya'll).
I hope and pray this never happens again, i was sad to think that they might r/v without rolclub.
I'd like to have someway to reach each other if somethig like this happened again. We need to stick together

Thank GOODNESS this forum is BACK!!!! I too went to other sites and NOTHING I MEAN NOTHING WAS BEING POSTED!!! hmmmmmm

But anyway - glad this is back up SOOOOO is the new date to "dream" for is Thursday Sept. 28th????

Cheers

Originally Posted by kiko

I read yesterday this story of a girl (nice read).

It's about the price of a propane gas bottle which was first 30,000 dinar and on the 16 september 4,000 dinar.

There is something going on!

It is all about our life: Propane gas bottle

The article (a blog site actually) mentions a "propane card" that the girl was supposed to present in order to get the propane for 4,000 IQD. She didn't have the card and got the discount anyway. I'm pretty sure this card is part of the subsidy program that has been in place for quite some time to alleviate the strain of the cost of necessities. We have talked about it in previous threads, but the point made back then was: How long is Iraq going to subsidize life's necessities?

Yes I am sooooo happy the forum is back up, I was getting heavy withdrawals and just didn´t know what to do in the computer anymore. But now I can get addicted again.
RJ

Iraq's parliament agrees body to alter constitution

Baghdad, 26 September 2006 (Irish Times)

Iraq's parliament has agreed to set up a body to draft constitutional changes, a key part of a breakthrough deal reached by the country's factions to end political paralysis and avoid civil war.

Iraq's new, US-sponsored political system has been stalled by wrangling over amendments to the constitution and autonomy for the oil-rich Shia heartland in the south, while the streets have grown ever more violent since December's election.

Breaking the deadlock at a time when US commanders fear a surge in violence through the Muslim holy month of Ramadan was a crucial test of Shia prime minister Nuri al-Maliki's efforts to sustain his four-month-old national unity government.

In the south of Iraq, British forces said they had killed Omar Faruq, described as a senior al- Qaeda figure who escaped from a US military prison in Afghanistan more than a year ago.

"I think the agreement is like a gift presented by parliament to the Iraqi people for Ramadan," parliament speaker Mahmoud al-Mashhadani, a Sunni, said.

"Any speech that might be considered offensive and open up any other topic will be banned - today is like a wedding."

Under the deal reached on Sunday, majority Shias and minority Sunnis agreed to create a constitutional committee and pass a law allowing autonomy for regions, while postponing the creation of any new autonomous region until at least 2008.

Members agreed on the committee in principle yesterday and will name its 27 members today. It will have 12 members from the ruling Shia religious bloc, five ethnic Kurds, four from the main Sunni Arab bloc and smaller numbers of others.

Iraq's parliament agrees body to alter constitution | Iraq Updates

Originally Posted by Saragold

Yes I am sooooo happy the forum is back up, I was getting heavy withdrawals and just didn´t know what to do in the computer anymore. But now I can get addicted again.
RJ

Saragold, let's just say "I got spring cleaning already done" while this forum was down

A cup of Java and Rolclub makes a WONDERFUL DAY!!!!

GO R/V

http://www.iraqdirectory.com/DisplayNews.aspx?id=2159 (September 26, 2006)
The Central Bank to apply International Standards Concerning Sufficiency of Capitals 26/09/2006
Source: Al-Sharq Al-Awsat
An official source in the Iraqi Ministry of Finance confirmed that Iraqi Central Bank will possibly approve the application of international standards concerning the sufficiency of capitals, according to the resolutions of the second conference held in Bazil.

The source added in a statement during the economic session, about the role of banks in the economic reformation process, held in the Ministry of Industry and Metals that Iraqi Central Bank is working fast to take an active role in the economic stability process in the country. The Bank is trying to dispense with some of mechanisms that were prevailing during the time of the ex-regime, especially lending governmental institutions. Therefore, there are serious studies about the possibility of starting and developing a governmental exchange market that will provide all institutions with cash fluidity as fast as possible. In addition, this will enable individuals and capital owners to find new types of guaranteed local investments and limit their running away outside the country.

The same source declared that Iraqi Central Bank is fully independent. It is exhorting great efforts to achieve a stable financial policy that will enhance Iraqi economy and rebuild it through several constructive steps.

The most important step among them is replacing the national currency. Old Iraqi currency was replaced on the 14 of January, 2004 through substituting 4 trillions of old Iraqi dinars by a new currency. The step had many advantages which greatly regained trust in Iraqi dinar and improved the exchange rate. The late approval to grant licenses to foreign banks is another important step to build an active and competitive banking sector in Iraq. In addition to holding a daily auction of foreign exchange for Iraqi Central Bank. The main purposes of this auction are to reduce extreme changes in the exchange rate which may happen suddenly.

The Bank, also, legislated a new law that gives it: complete legal independence, clear authorization to work on achieving stable prices and active monitoring authorities. It started utilizing the open market processes through selling and buying the treasury transfers in order to control economic fluidity and stabilize the exchange flow. The Bank approved a new law concerning commercial banks and this is a main step towards establishing a financial system works according to the criteria. Iraqi law of commercial banks will enhance the Iraqi trade and release the interest rates.

The complete and full release of interest rates on local financial devices (goods, deposits and exchange) is already operative. The bank considers this procedure as an important step towards the emergence of an efficient contemporary financial sector enables loan borrowers to make up their own decisions in stead of being chained by the instructions issued by Iraqi Central Bank.

The bank is now applying several projects. The most important of which is: the reframing and re-qualifying of governmental banks, applying a serious monitoring system and developing the local one, creating a complete united statistical work that covers all main sectors and finally starting a governmental exchange market.

(I hope that the later is the RATE change and that statistical work is the logistical redistribution of exchanging the higher IQD/NID for multiple smaller notes!!!)

RV

Originally Posted by kiko

I read yesterday this story of a girl (nice read).

It's about the price of a propane gas bottle which was first 30,000 dinar and on the 16 september 4,000 dinar.

There is something going on!

It is all about our life: Propane gas bottle

This is a great story and a great find!

Reading this makes me feel much better about the whole Iraq thing... They are real people, with real thoughts, and real HOPE.

Thank you very much for this link, everyone should read it, including her replies, and feel good too!


BTW- Welcome back everyone!!

With the site going down and all........
Can someone, anyone, somebody please confirm what the
lastest rumor flavor of the day is. I have not seen Susie (hope she is resting). Are we looking at the 28th? Are we looking at early October?
Tell me somethin please, I need a fix, I am an admitted dinaraholic.
Thank you in advance