Thread: Iraq/Dinar News. before Febuary 2nd 2006

Announcement No.(847)

D.G. of Foreign Exchange Control

The 847 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 1/22 so the results were as follows :

Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1298 -----
Auction price buying dinar / US $ 1296 -----
Amount sold at auction price (US $) 104.240.000 -----
Amount purchased at Auction price (US $) 3.540.000
Total offers for buying (US $) 104.240.000 -----
Total offers for selling (US $) 3.540.000 -----





D.G. of Investments

Daily price Bulletin buying and selling Sunday 2007/1/21

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1300.000
1298.000
European Euro
EUR
1685.840
1684.997

British Pound
GBP
2568.670
2567.386

Canadian Dollar
CAD
1109.026
1108.471

Swiss Franc
CHF
1041.750
1041.229

Swedish Krona
SEK
185.103
185.011

Norwegian Kroner
NOK
201.719
201.618

Danish Krone
DKK
226.150
226.037

Japanese Yen
JPY
10.724
10.719


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.



Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .

Originally Posted by day dreamer

Announcement No.(847)

D.G. of Foreign Exchange Control

The 847 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 1/22 so the results were as follows :

Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1298 -----
Auction price buying dinar / US $ 1296 -----
Amount sold at auction price (US $) 104.240.000 -----
Amount purchased at Auction price (US $) 3.540.000
Total offers for buying (US $) 104.240.000 -----
Total offers for selling (US $) 3.540.000 -----

Hmm, this is one of the largest sold amount so far.
It feels like they are trying to take as much as possible out of cirulation.
So my question is, is this connected with the rumours we have heard about something going to happen on the 25th? Sure looks interesting.

Originally Posted by Raditz

Hmm, this is one of the largest sold amount so far.
It feels like they are trying to take as much as possible out of cirulation.
So my question is, is this connected with the rumours we have heard about something going to happen on the 25th? Sure looks interesting.

Only five auctions have had a volume over 100M:

17.Jan.07 - 113.245.000
13.Nov.06 - 110.265.000
07.Nov.06 - 109.105.000
22.Jan.07 - 104.240.000
14.Jan.07 - 103.410.000

Originally Posted by shotgunsusie

combine this information with the article posted by dang about the laws being passed yesterday (early next week).

So does this mean it gets put off until next week for the vote in Parliament or does next week mean this week? I thought it was going to Parliament this week.

South Korea oil delegation to visit Iraq

BusinessWeek - 38 minutes ago

January 22, 2007, 4:20AM EST

South Korea oil delegation to visit Iraq

A government and private sector delegation will travel to Iraq this week to seek the support of the Kurdistan Regional Government for the participation of South Korean companies in oil development projects there, the government said Monday.

The delegation will consist of 14 government and private sector officials, including from the Ministry of Commerce, Industry and Energy, Korea National Oil Corp. and SK Corp., the ministry said in a statement.

The officials will visit the country from Tuesday until Saturday, according to the statement.
The Kurdistan Regional Government rules over Iraqi Kurdistan, a region in northern Iraq relatively unscathed from the sectarian violence that has plagued the rest of the country.

Iraq is expected to hold international auctions this year offering 54 big oil blocks, the Korean commerce ministry said.

Earlier this month, Iraq completed drafting a hydrocarbons law that will allow foreign oil companies to start investing in Iraq's oil sector. The newly formed Iraqi National Oil Co. will oversee development.
Iraq has the world's third-biggest proven oil reserves after Saudi Arabia and Canada, but only about 10 percent of the country has been explored, according to the U.S. Energy Information Administration.

Resource-poor South Korea, the world's 10th-largest economy, imports virtually all of its oil.

The Cabinet-Media

(Voice of Iraq) - 22-01-2007
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The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Monday 1-22-2007

Media

To / media all

Greetings ...

We wish to inform you that the weekly press conference of the Ministry of Defense, will be held at 12 o'clock on Monday, January 22 Monday, in room No. 1, Palais des Congrès.

With appreciation

Council of Ministers-to / media all

(Voice of Iraq) - 22-01-2007
This issue was sent to a friend

Council of Ministers-the governmental communications
العلاقات الإعلامية
Press Release Press release /
Monday 1-22-2007

Media

To / media all

Greetings ...

We wish to inform you that the capacity development of the Task Gulf region / Corps engineers held a press conference for the exchange of information and experiences and talk about various activities in addition to the discussion of the training and development programs, in the eleven on Saturday, the 27th of January in the current status of the Black falcon (Alblak Hawk) Green Zone in Baghdad

With appreciation

Notes : 1-will be gathering at 10 o'clock in front of the al-Rashid Hotel.

2-Please open the annex on instructions attend the press conference will also Public Relations Office of the Task Gulf region, coordinate your presence.

Nasiriyah : demonstrations roaming the streets of the city in favor of the Prime Minister

(Voice of Iraq) - 22-01-2007
This issue was sent to a friend

Nasiriyah : demonstrations roaming the streets of the city in favor of the Prime Minister

Nasiriyah News Network / Fadel Khaghani, imaging : a time-Shekhli, Mohammad Hadi :

Emerged dozens of the sons of the governorate of Dhi Qar, demonstrations, toured the streets of the city in favor of the historic decision to Mr. Prime Minister Nuri Al-Maliki, has demonstrators carried banners bore slogans in support of the Iraqi government and repudiating the same time the position of the Arab street of Security penalty, as demonstrators, carrying pictures to Mr. Nuri Al-Maliki he signs a decision of execution, in addition to raising the pictures of the Martyrs from the citizens of the city, who fell victim to terrorism Saddamite the oppressive, for his part Park the Office of Ayatollah Naciri (the most prominent Shiite scholars in the south) this demonstration also Park courageous position of the government the implementation of the death sentence Baltageh and Jalaozth, while Alhaji Your happiest Shihab one of the organizers of the demonstration that hundreds of the people of the governorate and from the various district and sub-district participated in that demonstration, also attended by many sons of Iraqi clans addition to the participation of the families of the martyrs crimes of Saddam-, also emphasized that the this demonstration came as Jamil of the government, which hurries the implementation of this provision spite of the numerous Almetbakin him from the kingpins of Islamic peoples.

The House of Representatives approved a number of important draft laws

(Voice of Iraq) - 22-01-2007
This issue was sent to a friend

The House of Representatives approved a number of important draft laws

After the return of the Sadri movement from the suspension of its membership

The extension of the rental property for two years
Baghdad-Sabah

The House of Representatives approved a number of laws before the agenda during a meeting chaired by the President of the Council, Dr. Mahoud Almshahadani notably the extension of the lease for a period of two years.

During the meeting of 60 of the bloc chest return to its practice in the House of Representatives after the suspension lasted about two months and was approved to extend the work of the Office of the Independent Electoral Commission for a couple of months until the law UNHCR to the maximum period of four months.

Also witnessed the extension of stop work paragraph 14 of article 17 of the lease for a term of two years as this paragraph states, if the past 12 years of the contract between the lessor and the lessee shall have the right after four years, giving up the real estate and the paragraph was added in 2000 and the work was halted after the fall of the regime and remains in effect suspended because of the security situation and the need for families to Astekarr social terms voted in by the 120-member parliament.

The Council voted after extensive discussions on the allocations amounts ration card, amounting to about 118 dollars for the current year to cover the expenses of the shortfall with new vocabulary ration card where deputies asked the Ministry of Trade to ensure the arrival of the components of ration to all the provinces, where the resolution got 126 votes out of 170 members.
The MP Bahaa Al-Araji Chairman of the Legal Committee to the presence of 35 legally ready and prepared and fully expected to vote.

The Council voted on the draft law on the sixth amendment of the draft law of births and deaths and to amend the Penal Code No. 111 of 69 because of the lack of fines, and that Atnasp the current situation as well as the vote on the amendment of the law amending the Judicial Organization No. 160 for 1970.

Financial services personnel will stop lending, which has not paid

(Voice of Iraq) - 22-01-2007
This issue was sent to a friend

Financial services personnel will stop lending, which has not paid its affiliates

Baghdad-Sabah

The Ministry of Finance said that the affiliated banks will stop lending staff of ministries and departments that have not paid the amounts of the affiliates. The Minister for financial Baqir Jabr Al-Zubaydi during his officiating

A lengthy meeting with the director generals and advisers in the ministry said that the staff be informed within a specific timeframe amounts recoveries stressing that most ministries and departments were informed its employees were deducted so far amounts to be paid to the banks.

He called on the Minister of Finance ministries and departments to expedite payment, according to the timetables and formulas reported to the audit committees in their constituencies. On the other hand, stressed the importance of attention to banks in terms of the organization and showed a demonstrated history of this bank, which is characterized by good reputation in Iraq and the countries of the world, as well as the attention Baltathith and create all the service requirements.

He stressed that take the role of taxes in the follow-up tax collection as a resource important for the Iraqi budget and the definition of citizen interest and the importance of corporate tax because they eventually return to them in the form of services and projects that contribute to the rehabilitation of the infrastructure of the country.