Thread: Iraq/Dinar News Before Febuary 12th, 2006

Originally Posted by Mike5200

Iraqi village builds women’s center
Saturday, 03 February 2007
By Norris Jones
Gulf Region Central District


A woman from the village of Assriya, takes advantage of a new $230,000, 400-square-meter Women’s Center. Local residents have sewn dozens of dresses, sold many in the local market, and are now looking to expand their business enterprise. U.S Army Corps of Engineers PhotoBAGHDAD — A small town in north Baghdad province provides a positive glimpse of Iraq’s future. Assriya Village, located outside Camp Taji, has about 4,600 residents representing all sects.

Hummm, now that sounds like a normal price for a building of this size. But look, it is in dollars this time.

Baghdad, Mustafa Hamza :
فشلت الكتل السياسية للمرة الثالثة على التوالي ف ي التوصل الى اتفاق بشأن حسم الخلاف الذي نشب مؤخرا بين التحالف الكردستاني والائتلاف العراقي المو حد الشيعي حول الخصصات في الموازنة العامة للبلاد · وبرز الخلاف الشيعي الكردي بسبب الاتفاق على الب نود الرئيسية في الموازنة العراقية لعام 2007 اثن اء الجلسة التي عقدها البرلمان الاحد الماضي· وكا ن البند الأهم الذي لم يجر الاتفاق عليه هو ما سمي بب ند (المنافع الاجتماعية) الخاصة بمخصصات الرئاس ات الثلاث ( الجمهورية والوزراء والبرلمان ) والت ي جرت تسميتها فيما بعد بالنفقات السيادية بسبب اع تراض كتلة التحالف الكردستاني على تخفيض مخصصات ر ئاسة الجمهورية بنسبة تصل الى 77 %· وفيما طالب الأ كراد بتخفيض مماثل لنفقات رئاسة الوزراء التي ترك ت دون تخفيض فقد رفض نواب الائتلاف الشيعي ذلك مما م نح الخلاف بعدا عرقيا طائفيا (المحاصصة) حيث دافع الكرد عن رئيس الجمهورية الكردي فيما دافع الائتل اف عن رئيس الوزراء الشيعي وهو ماعطل التصويت بسبب انسحاب الأكراد من الجلسة· وفي الوقت الذي كان فيه مقررا عقد الجلسة الخاصة بالتصويت أمس بعد الاتفا ق بين الكتل على هذه الخلافات فقد اعلن رئيس البرلم ان العراقي محمود المشهداني في بيان له ان الجلسة ا لمقررة تم تأجيلها بسبب استمرار الخلافات·The political blocs failed for the third time in a row P j reach an agreement on resolving the dispute that erupted recently among the Kurdistan Alliance and the Iraqi Coalition ALMAO a Shiite Khassat around in the general budget of the country · There was disagreement Shiite Kurdish because the agreement on the Elbe we major in the Iraqi budget for the 2007 pay homage purchase of the meeting held by parliament last Sunday · Luka n most important item, which had been agreed on is the so-called 99-13784 rival (social benefits) for the presidential allocations AT three (Syrian ministers and parliament), and Walt j was subsequently renamed the sovereign expenditures due ray harmony Kurdistan Alliance bloc to reduce allocations R. Nash Republic of up to 77% · With only student Grad reduction similar to the expenses of the prime minister, which left T. without reducing the Shiite coalition MPs refused so-M CuInSe dimension ethnically sectarian differences (quotas), where he defended President of the Republic of Kurds in the Kurdish defended Alaetl Israeli Prime Minister Shiite Matal a vote because the withdrawal of the Kurds from the meeting · At a time when a special meeting scheduled to vote yesterday, after Alatva s between blocs such differences, it was announced President Alberlm The Iraqi Mahmoud Almshahadani in a statement that a meeting the decision had been postponed due to continuing differences ·
http://64.233.179.104/translate_c?h...hp%3Fid%3D44522

The head of the Kurdistan Alliance in the House of Representatives : Adoption of the budget delay Iraq detriment of government performance and Development
- 04/02/07//Baghdad-Adel Mahdi life-04 / 02 / 07 / /

.The head of the Kurdistan Alliance bloc in the House of Representatives Iraqi, Fouad Massoum told <life>, he is expected to settle the debate in the House of Representatives regarding the anguish parity social and allocations of the three presidencies (Reas e Republic and the Ministers and the House of Representatives) in a week for myself, so they can after that to approve the budget bill Lles costing ongoing, amounting to about $ 42 billion.

He explained that his bloc's objection to the Board on a allocations the social benefits of the three presidencies, emanate from what he considers discrimination is not based on factual P j determining allocations, wondering : <Why focus on the allocations in the neighborhood of the Presidency of the Republic n been ignored allocations prime minister?>

.Massoum said that the draft budget bill for the current year e allocated 120.92 billion Iraqi dinars for the presidency. , while allocated 762.82 billion Iraqi dinars to the Iluz purchase of in the form of social benefits.
http://64.233.179.104/translate_c?h...hp%3Fid%3D44548

Originally Posted by mountaingirl

The head of the Kurdistan Alliance in the House of Representatives : Adoption of the budget delay Iraq detriment of government performance and Development
- 04/02/07//Baghdad-Adel Mahdi life-04 / 02 / 07 / /

.The head of the Kurdistan Alliance bloc in the House of Representatives Iraqi, Fouad Massoum told <life>, he is expected to settle the debate in the House of Representatives regarding the anguish parity social and allocations of the three presidencies (Reas e Republic and the Ministers and the House of Representatives) in a week for myself, so they can after that to approve the budget bill Lles costing ongoing, amounting to about $ 42 billion.

He explained that his bloc's objection to the Board on a allocations the social benefits of the three presidencies, emanate from what he considers discrimination is not based on factual P j determining allocations, wondering : <Why focus on the allocations in the neighborhood of the Presidency of the Republic n been ignored allocations prime minister?>

.Massoum said that the draft budget bill for the current year e allocated 120.92 billion Iraqi dinars for the presidency. , while allocated 762.82 billion Iraqi dinars to the Iluz purchase of in the form of social benefits.
http://64.233.179.104/translate_c?h...hp%3Fid%3D44548

These are not positive signs for a larger RV this year... of course misinformation is everywhere and i hope this is part of some misinformation...

Originally Posted by AlwaysDreaming

They were step 3 a year ago, Feb 2006. And from the posting today it looks like by the end of the month they will have membership.
http://www.rolclub.com/163955-post64.html

Round and Round and Round they go, what it all means NO BODY knows.

There is a lot of reading there, and a lot of saying NOTHING.

Wish they would get somethings resolved already. Sorry for the Ranting. OK Im done now.

Originally Posted by webinvestor

These are not positive signs for a larger RV this year... of course misinformation is everywhere and i hope this is part of some misinformation...

120 billion is a lot of pay check at 1:1 but not much at $1:1290 nid. Mabe that is the plan and then with a RV it is calculated back. Hard to know at this point

Originally Posted by dorrel

120 billion is a lot of pay check at 1:1 but not much at $1:1290 nid. Mabe that is the plan and then with a RV it is calculated back. Hard to know at this point

Yes but it said 120 billion dinars for the presidency and 762.82 billion dinars in the form of social benefits. That's almost 1 trillion dinar. Anyways, will wait and see.

I think they are trying to throw us off. With all the dinars being bought back and the HCL and FIL, there is no way they can revalue or keep the value at where its at.

My worst case scenario is 3-5 cents at the end of February, with a 11-14 cent plateau in April. Then when the troops are pulled out this summer, 35-38 cents and 90-1.20 by years end as the oil flows.

That is just my opinion.

Now the facts.

Beginning in October 2006 to date:

1. The CBI shows that the US deposits decreased only 300 billion dinars while the dinar deposits increased 2.6 trillion dinars. This has to do with the higher interest rates to the appreciation in the dinar rate.

2. The CBI shows that the cash dinars in their vaults increased by 2 trillion dinars.

3. The CBI shows that investments has grown 3 trillion dinars. Of course, if they are invested in dinars, the better, but it may be in other currencies etc. In any case, it has grown. I am not sure if it appreciated or not but it has grown in size.

4. The money supply has decreased from 19.5 tillion dinars to 14.5 trillion dinars. This decrease explains the increase in interest rates. See below.

This is the definition of money supply:

Money supply ("monetary aggregates", "money stock"), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. The money supply affects the interest rates. The two are related inversely, such that, as money supply increases interest rates will fall. When the interest rate equates the quantity of money demanded with the quantity of money supply, the economy is working at the money market equilibrium.

This is a short synopsis from my perspective. It is all good!

Didnt see it posted anywere.

Announcement No.(855)

D.G. of Foreign Exchange Control

The 855 daily currency auction was held in the Central Bank of Iraq day Sunday 2007/ 2/4 so the results were as follows :
Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1290 -----
Auction price buying dinar / US $ 1288 -----
Amount sold at auction price (US $) 78.295.000 -----
Amount purchased at Auction price (US $) 5.000.000
Total offers for buying (US $) 78.295.000 -----
Total offers for selling (US $) 5.000.000 -----

the House vote today on the 2007 budget

مAgreement on the amounts of social benefits and otherwise on m Khssat guards Territory
حBaghdad-Sabah
.MPs likely to vote in the House today on the mask z amounts of social benefits to the Syrian presidency, Ministers half after the factions reached yesterday to Atef Requests in this regard. ة)With the debate over a allocations guards Territory ( Peshmergas)

Which has not settled until the late hours of yesterday evening.
فAt this time, the Deputy Chairman of the House of Representatives Sheikh free Dr. Attiya to vote on the budget in 2007 will be from now on Than from the discussions in the House of Representatives.
.Al-Attiyah expressed the hope that the parliamentary blocs have reached agreement on the points of disagreement on some of the items the budget for the vote and approval by the Deputies said : "The negotiations are still underway to reach a formula compromise. He said : "The Presidency decided to hold the meeting of the Council of Deputies today instead of yesterday, Saturday, at the request of the coalition Kardsta Nee unable to access its members on Friday to Baghdad Agle m Kurdistan.
The Accord Front deputy, Harith al-Ubaydi that there an agreement between the Front and the Kurdistan Alliance on refine pertaining difference in the budget.
He pointed in particular contact with the (morning) that the consensus will be a a meeting of the day before entering the parliament in order discussion of the controversial points in the budget and resolved before p Malé vote.
."I personally find it necessary to include a budget the provinces and territories amounts Guard who bear m Sauleh protect the security of the province.
.He pointed out, if the forces or the body guards j Iraqi forces there allocations granted to the regions and district and are supposed to be distributed resources systems M. Xiao ensure justice among the provinces. He pointed out that today's meeting, which will be voted on checks e will be subject to the mechanisms of democracy and said that it was important to reach the result just satisfy the various parties and to verify Makas b of the party at the expense of others.
.For his part, MP, Dr Bassem added that Alaetla P agreed yesterday to reduce social benefits Reast Yen half with a request to identify channels soon.
.He added As for the amounts Non Guard and the governor AT it was agreed to bear the territorial budget and the governorates amounts and allocations and the salaries of the guards.