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

[tiffany]

Iraqi Leader: Losing War Isn't an Option
Sunday, July 2, 2006 9:05 AM EDT
The Associated Press

KUWAIT CITY (AP) — Iraqi Prime Minister Nouri al-Maliki said in remarks published Sunday that losing the fight against terrorism would mean the end of Iraq as a country.


Al-Maliki also told the independent Kuwaiti daily, Al-Qabas, that his government knows "terrorists are infiltrating from Afghanistan to Iraq through Iran." He said that although he was not "blaming the Iranian government for that, we call on it to control its borders."


Al-Maliki, who took over in May, spoke to the newspaper in Baghdad before leaving for a Gulf tour that started with a visit to Saudi Arabia on Saturday. He also is scheduled to visit the United Arab Emirates and Kuwait.


"I would like to stress that if we fail in the battle against terrorism, there will be no Iraq left," al-Maliki said. "This is why all those keen on the unity of this country have to support our government. It is the last chance."


The prime minister, a Shiite, recently announced a reconciliation plan for his country that would offer amnesty to mostly Sunni insurgents who were not involved in terrorism or war crimes and who agree to renounce violence.


Al-Maliki's tour aims to drum up support from Sunni Arab leaders for his reconciliation plan and his new unity government of Shiites, Sunnis and Kurds.


He met Saturday night with Saudi King Abdullah and Crown Prince Sultan, who expressed their support for his government, according to the official Saudi news agency.


Iraq's Arab neighbors in the Gulf fear sectarian tensions could spill over into their countries, which are dominated by Sunnis but have Shiite communities.


The June 7 killing of al-Qaida in Iraq leader Abu Musab al-Zarqawi buoyed hopes violence would subside in Iraq. But more than 700 Iraqi civilians and security forces have been killed in attacks since his death, according to Associated Press figures.



http://www.adelphia.net/news/read.ph...&cps=0&lang=en

[tiffany]

Copying the following post from another forum....LOOKS GOOD TO ME!

*************************************************
Ok this may be a bold statement on my part, but if my memory serves me correctly, this is the lowest amount of dinars bought/sold/exchanged in a long long time, if not forever, with the smallest number of banks participating.

http://www.cbiraq.org/cbs6.htm


"The 715 daily currency auction was held in the Central Bank of Iraq Sunday 2006/ 7/ 2so the results were as follows : "

Number of banks 8
Auction price selling dinar / US $ 1477
Amount sold at auction price (US $) 15.025.000
Total offers for buying (US $) 15.025.000


What does this mean? I dont know, this is only one day, but this should be watched closely, less dinars moving is another very good sign. Lets hope this continues.

[whatever]

Hey Tiff (or somebody):

Regarding this: "What does this mean? I dont know, this is only one day, but this should be watched closely, less dinars moving is another very good sign. Lets hope this continues."

Remind me why less dinar moving is a good thing? I'm only on my first cup of coffee......
Thanks!

[tiffany]

Hey Tiff (or somebody):

Regarding this: "What does this mean? I dont know, this is only one day, but this should be watched closely, less dinars moving is another very good sign. Lets hope this continues."

Remind me why less dinar moving is a good thing? I'm only on my first cup of coffee......
Thanks!

Hey Whatever!

I'm "THINKING" that it's a good sign because if the reval/peg is close, then they will want to keep as many dinars IN the country as possible...so that they can't be exchanged after the fact. I might be wrong, but that makes the most sense to me!

Adster is in Spain, and OS-W is probably out playing on a yacht somewhere! lol! Will check back later to see if any info has come about or if the 'Big Guns' have popped in with more info! I swear I heard crickets in here earlier! lol!

GOOOooooOOO DINARS!

[everwiser]

Remind me why less dinar moving is a good thing? I'm only on my first cup of coffee......
Thanks!

Because it could mean that the CBI is holding onto it's reserves in order to help it "back" (i.e. support) an upcoming rate change...At least, that's what I think it means....LOL

EW

[whatever]

Thanks Tiff and EW,

Makes sense to me...Of course I...must....fight..urge...to buy more dinars...AARRGH!

[tiffany]

...Soooo What's the 'scoop' Mike? lol! (I See You! :-)

[Offshore-Wealth.com]

...Soooo What's the 'scoop' Mike? lol! (I See You! :-)

Hi Tiff and all,

Just catching up as you guys have gotten so good at posting news, I can take a break like Adam is. LOL We saw what happened last time there was a lull in news, then we saw posts about reval pop up everywhere, and as Sunday and Monday are meeting days, we should hear something soon. Just a waiting game at this point, and we are so good at that, right? (g)

Happy 4th, Mike

[whatever]

Hi Tiff and all,

Just a waiting game at this point, and we are so good at that, right? (g)

Happy 4th, Mike

Yeah Mike,

If there were an Olympic Gold Medal for waiting, I think we'd all have one on our mantels!!

[Adster]

Hi guys, got little time, so quick post. Really good news this, have a read. Read the title, it's a killer! Also knocks out the lopping of zeros possibility that some worried about!

Be back later in the week.

Adster.


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

Banking and business circles show great interest in the proposal dinar equal dollar
Source : Newspaper Conference - 29 / 06 / 2006
Finance Minister announced a statement of Iraqi boat, "that the ministry and the Central Bank of studying a proposal to raise the value of the Iraqi dinar. and the return to normal ".

The statement dominated the concerns of the minister and commercial banking community, as well as citizens, Fearing exposure to the Iraqi market due to the pressure of the implications of such a procedure could lead to some sort of instability in the terms of trade, In calculating the value of the dinar exchange rate of foreign currencies, especially the dollar. The managing director of the Credit Bank of Iraq Fuad Al-Hosani statement by the Minister of Finance b "very important". However dinar equal dollar, "he said, pointing out that it is pleasant Lnvos Iraqis, who aspire to the restoration of Iraqi currency. as it was before the 1990s of the last century and wondered if the national economy in its current state is able to move to the stage of the equality dinar dollar "? However, well-focused much of the statement of the minister on the boat to support the World Bank proposal, He said : "The study of the current state of affairs makes it have to satisfy to give a final opinion in this matter.

He said the managing director of the International Investment Bank Assyria Zuhair Al-Hafiz. "The proposal of the Minister Al needs to pause and carefully consider the repercussions of the security conditions on the Iraqi economy, which makes it unable to absorb any defects that might affect the business dealings in the absence of the proposed study carefully.

He wondered Alternate Director Basra International Bank for Investment Badi intellectual : "Is that a reduction of Iraq's international debt and increased liquidity resulting from higher oil prices, enough to take such a decision "? He added, "is important in this connection to take into account the study as a result of the decision dinar equal dollar repercussions on the local commercial transactions, and how to avoid any disruption to the transfers of traders and banks.