Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Useless wankers.


Kawthar wrote : On Monday, March 12, 2007 4:08 PM-BT
البرلمان لم يناقش قانون النفط والغاز..Parliament was to discuss the oil and gas. وجدل حول مشروع الإستثمار في صناعة النفطThe controversy over the draft investment in the oil industry


من كوثر عبد الأمير وضرغام محمدFrom the hushed Abdul Amir Muhammad, Dargham
(لإضافة تفاصيل وآراء النواب)(To add details and views of the deputies)
بغداد -( أصوات العراق)Baghdad - (Voices of Iraq)


ثار جدل في مجلس النواب العراقي حول مشروع قانون الإستثمار في صناعة النفط الخام الذي قدمته الحكومة إلى البرلمان في جلسته اليوم الإثنين ،وكما كان متوقعا لم تطرح الحكومة مشروع قانون النفط والغاز الجديد على الجلسة التي تقرر رفعها إلى غد الثلاثاء .Controversy raged in the House on the Iraqi draft law on investment in the crude oil industry presented by the government to parliament in its today, Monday, and as expected was not offered the government a bill of oil and gas on the new meeting to be filed until tomorrow, Tuesday. وناقش أعضاء البرلمان مشروع قانون الإستثمار في صناعة المشتقات النفطية في قراءته الثانية ،وسجل بعضهم عدة ملاحظات عليه...The members of the Parliament a draft law on investment in industry, oil derivatives in the second reading, and some of them scored several observations by ... بعضها لغوي والآخر فني وتقني .Some of the language and the other artistic and technical.
وطالب عضو مجلس النواب عن ( القائمة العراقية الوطنية) الدكتور وائل عبد اللطيف "بعدم السماح للشركات الأجنبية بالإستثمار في مجال الصناعة النفطية ،إلا بعد أن يكون هناك شريك عراقي متضامن... تشجيعا للقطاع الخاص العراقي."He asked the member of the House of the (Iraqi National List), Dr. Wael Abdel Latif, "not to allow foreign companies to invest in the oil industry, but after that there be an Iraqi solidarity ... To encourage the Iraqi private sector. "
وأضاف " كما يجب تشديد العقوبة على الشركات إذا باعت النفط الخام ولم تكرره."He added : "We also must increase the penalties on the companies if it sold crude oil did not repeat it."
وشهدت جلسة مجلس النواب اليوم إكتمال النصاب القانوني ،وهي الأولى للبرلمان في فصله التشريعي الثالث...And Yesterday, the House of Representatives today quorum, which is the first of the parliament in the third legislative chapter ... ورأسها الشيخ خالد العطية النائب الأول لرئيس المجلس ، بعد غياب رئيس البرلمان الدكتور محمود المشهداني عن الجلسة لأسباب غير معروفة .Headed by Sheikh Khalid al-Attiyah, first deputy chairman of the Council, after an absence of Speaker Dr. Mahmoud Almshahadani the meeting for unknown reasons.
وينص مشروع القانون الخاص بصناعة النفط الخام على فتح الباب أمام القطاع الخاص العربي والأجنبي للإستثمار في صناعة تصفية النفط الخام في العراق ،وفق شروط محددة .The draft law on the crude oil industry to open the door to the Arab private sector and foreign investment in industry, the liquidation of crude oil in Iraq, according to specific conditions.
وهذا القانون مختلف عن قانون النفط والغاز الذي أقرته الحكومة العراقية قبل إسبوعين ،This law is different from the oil and gas law approved by the Iraqi government a few weeks.
ويحدد التفاصيل الحاكمة لتوقيع عقود التنقيب والبيع للنفط في كافة أنحاء العراق ،وأعطي للأقاليم حق توقيع مثل هذه العقود والحصول على نسبة محددة من عوائد التفط والغاز .The ruling details of the signing of exploration contracts and the sale of oil in all parts of Iraq, and gave the provinces the right to sign such contracts and access to a fixed percentage of revenues Altoft and gas.
ولم يناقش مجلس النواب في جلسته اليوم قانون النفط والغاز ،والذي لا زالت عدد من الكتل البرلمانية معترضة على مناقشته ،على الأقل في الوقت الراهن ،مفضلين إرجاء مناقشته حتي يتم الإنتهاء من التعديلات الدستورية .The House did not discuss in its session today the oil and gas, which are still a number of parliamentary blocs opposed to the discussion, at least for the time being, preferring to postpone discussion until the completion of the constitutional amendments.
وطالب أعضاء آخرون في مجلس النواب ،خلال جلسة اليوم ، بإرجاء قراءة قانون الإستثمار في صناعة النفط الخام "لإرتباطه بقانون النفط والغاز."The other members of the House of Representatives, during today's meeting, to postpone the reading of the law of investment in the manufacture of crude oil "is related to the law of oil and gas."
وتحفظ وزير الدولة لشؤون مجلس النواب صفاء الدين الصافي على تلك المطالبات ،مشيرا إلى أن هذا القانون "هو جزء من كل... ولا يرتبط بشكل مباشر بقانون النفط والغاز ،Reservation and the Minister of State for Parliamentary Affairs Safa net debt to those claims, pointing out that the law "is part of all ... Not directly linked to the oil and gas law,
وبالإمكان مناقشته بشكل منفرد."It can be discussed individually. "
وشدد الصافي على أنه "من المفضل أن يسجل الأعضاء ملاحظاتهم بشكل مكتوب على القانون ،لعرضها على الحكومة" ،منوها بأن إقرار القانون "سيوفر على الحكومة الكثير من الأموال في إستيراد المشتقات النفطية وتقليل الكلفة."The net that it is "preferable to register their members are written on the law, for presentation to the government," noting that the law "will save the government a lot of money to import oil derivatives, and reduce cost."
إلا أن الخبير الإقتصادي وعضو البرلمان عن (القائمة العراقية) مهدي الحافظ إنه "يجب عدم تجزئة مشاريع قوانين النفط ،والنظر بها دفعة واحدة."However, the economic expert and member of parliament (the Iraqi List) Mahdi Al-Hafiz that "there must be no partition of the oil bills, and considered by one batch."
وأضاف الحافظ ،خلال مداخلته في جلسة البرلمان اليوم "يجب على الحكومة تقديم مشاريع قوانين موحدة تخص النفط ،ولا تقوم بتجزئتها... لأن هذا ليس في مصلحة البلد."He added Hafiz, during his meeting in the Parliament today, "government must submit draft uniform laws concerning oil, and is connected ... Because this is not in the interest of the country. "
ومن جهته ،لفت عضو مجلس النواب عن ( التحالف الكردستاني) سعد البرزنجي إلى أن قانون إلإستثمار في صناعة النفط الخام "لن يؤدي بمجرد صدوره إلى حل الأزمة (في المشتقات النفطية في البلاد) ،لأن تنفيذه يحتاج إلى عدة سنوات."For his part, drew a member of the House of Representatives (Kurdistan Alliance) Saad Alborznji out that the law on investment in the oil industry "would soon issue to resolve the crisis (in oil derivatives in the country), since its implementation requires several years."
وتابع " تأخير إصدار القانون لمدة شهر لن يكون كثيرا ،قياسا إلى الوقت الذي يستغرقه مجيء شركات للإستثمار في هذا القطاع."He continued, "to delay the issuance of the law for one month would not be too much, compared to the time it takes the advent of companies to invest in this sector."
وتقول النسخة التي تم قراءتها اليوم في البرلمان من مشروع القانون ،إن من الأسباب الموجبة لتشريعه "إتاحة الفرصة للقطاع الخاص للإستثمار في تصفية النفط الخام ،على أن يتم إنشاء المصافي من قبل الشركات الإستثمارية وفق الشروط العالمية... وتقوم وزارة النفط بتزويد تلك المصافي بالنفط الخام بالأسعار العالمية ،مطروح منها واحد بالمئة... وكلفة النقل."According to the version that was read today in the parliament of the draft law, the rationale for the legislation "an opportunity for the private sector to invest in the liquidation of crude oil, would be the establishment of the filter by investment companies as global conditions ... The Ministry of Oil refineries that supply crude oil at world prices, which raised one % ... The transport cost. "
وفقا للقانون ،فإنه يحق للشركة المستثمرة "إستئجار أراض لمدة (40) سنة تستثنى من قانون الإيجارات العراقي ,كما لا يحق للشركة تملك الأراضي التي تشيد عليها المصفى...According to the law, he is entitled to the investing company "leasing land for a period of (40) years excluded from the Iraqi Rent Act, and is not entitled to the company that owns the land commended by the liquidator.
ولا يجوز لها إستغلال الأراضي المستأجرة لأغراض أخرى ,كما لا يحق للشركة المتاجرة في النفط الخام."There may exploit the leased land for other purposes, and is not entitled to the company dealing in crude oil. "

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Originally Posted by apwerner

I want to jump up and down for joy because this really DOES sound so wonderful, but I'm afraid to hope. I read in different places how the R/V will probably be much lower than 1:1. Others say 1:1 or more. I don't know what to think any more...but this sounds awesome!

In my opinion, why would they revalue the Dinar to still be worthless against the dollar? that would make no sense to me....

anyway....hoping against hope for a strong reval for all of us.

You know what?

I think I will refrain from posting from now on.
I am always too excited when we find good news , and I post my conclusions - but usually they are wrong.
Just like the one you answered. While we have SOME facts there, still, nothing happened, nothing moved. Now I feel like a Dinar Goof.
But of course, the IMF meeting today will bring more news out...
Hey, some day the RV WILL happen!

Jola,

Bottom line is up to now all we have heard is what they intend to do. Quite a few on other forums have given up and whatever news you post you get the same old, 'believe it when I see it'. The longer people have been in this investment the more they get downbeat. I can understand it to a point.

They have to start showing results and the lack of agreement above is NOT the way to start. The HCL was supposedly going to be rubber stamped in Parliament......

Similar to the CBI quotes posted last page. Shabibi needs to do something within days/weeks or investors/companies will grow disillusioned and invest elsewhere like Syria.....How much longer are their people expected to suffer?

Time they stopped facking about and got on with what they keep preaching. Words are cheap, action is needed.

IF, and it is a big IF we have no revalue once HCL and FIL are enacted then I'm outta here with half my 'wad'.

Originally Posted by Jola

You know what?

I think I will refrain from posting from now on.
I am always too excited when we find good news , and I post my conclusions - but usually they are wrong.
Just like the one you answered. While we have SOME facts there, still, nothing happened, nothing moved. Now I feel like a Dinar Goof.
But of course, the IMF meeting today will bring more news out...
Hey, some day the RV WILL happen!

OMG! Don't let me bring you down! There is every reason in the world to be enthusiastic. I'm just a born pessimist. No such thing as a "Dinar Goof." I'm the one who knows nothing about investments and/or the dinar. I just get a little down about it sometimes.

[QUOTE=Adster;174943][FONT=Arial][SIZE=3][COLOR=Blue][I][B]Jola,

Bottom line is up to now all we have heard is what they intend to do. Quite a few on other forums have given up and whatever news you post you get the same old, 'believe it when I see it'. The longer people have been in this investment the more they get downbeat. I can understand it to a point.

You are so right. Sometimes I read the many post and end up confused as ever. Just when I think I know what is going on I tune into RC and find I know nothing at all. I STIll believe in the RV, I just have to not try to understand Iraq but it is impossible at this point. But again I have not lost faith...........SO RV'NG I GO. (Recreational Vehicle that is.) Gotta have some fun.

Okay, don't laugh now...

Here is what I did this morning....
A couple days ago there was an article that kinda hinted that the dinar will go on forex ( when the first article about the CBI new policy came out) - money market, blah, blah...
Yesterday we had the CBI news page updated with old news. LOL

Now, this morning I have been watching the dinar not moving on a live currency converter...for about 30 mins...Right around the time when the nY stock exchange oppened, because of the note of the bottom of CBI rates page that says " the sunday rate will be the same on monday due to the NY stock exchange".

I just had this feeling that today is the day when the dinar would actually go on the Forex. That's all. That's why I am a little down. It was wrong guts feeling.

Now , what else do you call that if not "goofing"? LOL
It is not you, guys! It's the darn forex converter!! LOL
Thanks for picking me up - Adster, apwerner, countrygirl...I don't like being a whiner! LOL

Originally Posted by Adster

Jola,

Bottom line is up to now all we have heard is what they intend to do. Quite a few on other forums have given up and whatever news you post you get the same old, 'believe it when I see it'. The longer people have been in this investment the more they get downbeat. I can understand it to a point.

They have to start showing results and the lack of agreement above is NOT the way to start. The HCL was supposedly going to be rubber stamped in Parliament......

Similar to the CBI quotes posted last page. Shabibi needs to do something within days/weeks or investors/companies will grow disillusioned and invest elsewhere like Syria.....How much longer are their people expected to suffer?

Time they stopped facking about and got on with what they keep preaching. Words are cheap, action is needed.

IF, and it is a big IF we have no revalue once HCL and FIL are enacted then I'm outta here with half my 'wad'.

Just a thought, I am going on memory here... Haven't we seen this behavior before with the GOI? Everything starts to truck along, then they delay...follow up with a statement that they are going to move fast on a particular item (ratification of the FIL for example). Then we see some story of delay/arguments/conjecture, then... BAM! Everything is all good the next day.

Number of banks 13 -----
Auction price selling dinar / US $ 1278 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 59.600.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 59.600.000 -----
Total offers for selling (US $) ----- -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make".

Wm.Knowles

Hello everyone. I am missing the updates from Socata 850. He is very appreciated. Thanks

I'm a comin', I'm a comin' !! We are now past 6.5 trillion dinars taken out of circulation and our 100th auction since the beginning of the CBI's overt dinar reduction program. Some conflicting news today, but I can't help but believe we are close to the prize. Maybe by the end of April, hopefully sooner. Thanks to all, its been a long ride!!


1. 1 Dinar rate change today, it was 1279, it is now 1278

2. A (net) worth of dinars, IQD - 76,168,800,000 pulled out of circulation on today. (3/12/07)

3. 13 banks participating today

4. 100th auction since the beginning of CBI's reval plan

5. 163 days into the CBI's reval plan.

6. 6,542,567,140,000 dinars pulled from circulation !!

7. "0" Dinars back into circulation today

8. 199 dinar change since Oct 1st (baseline was 1477) 13.473% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 1 point reduction in the rate so far this week. Was at 1279 at the end of last week, 1278 so far this week.

10. 2 point drop in the month of Mar. Ended at 1280 in Feb, now stands at 1278.
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

Originally Posted by Socata 850

Number of banks 13 -----
Auction price selling dinar / US $ 1278 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 59.600.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 59.600.000 -----
Total offers for selling (US $) ----- -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make".

Wm.Knowles

Hello everyone. I am missing the updates from Socata 850. He is very appreciated. Thanks

I'm a comin', I'm a comin' !! We are now past 6.5 trillion dinars taken out of circulation and our 100th auction since the beginning of the CBI's overt dinar reduction program. Some conflicting news today, but I can't help but believe we are close to the prize. Maybe by the end of April, hopefully sooner. Thanks to all, its been a long ride!!


1. 1 Dinar rate change today, it was 1279, it is now 1278

2. A (net) worth of dinars, IQD - 76,168,800,000 pulled out of circulation on today. (3/12/07)

3. 13 banks participating today

4. 100th auction since the beginning of CBI's reval plan

5. 163 days into the CBI's reval plan.

6. 6,542,567,140,000 dinars pulled from circulation !!

7. "0" Dinars back into circulation today

8. 199 dinar change since Oct 1st (baseline was 1477) 13.473% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 1 point reduction in the rate so far this week. Was at 1279 at the end of last week, 1278 so far this week.

10. 2 point drop in the month of Mar. Ended at 1280 in Feb, now stands at 1278.
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

I just wanted you to know that Wm. Knowles is not alone in his appreciation of you Socata!

Maliki calls conservatives to focus on the security and economic side

Baghdad-Citizen
دعا رئيس الوزراء نوري المالكي محافظي المحافظات العراقية الى التركيز على محورين خلال هذه المرحلة هما الامن والاقتصاد.The Prime Minister Nuri al-Maliki of Governors of the governorates of Iraq to focus on two points during this phase are security and the economy. وقال خلال لقائه محافظي العراق الاثنين:"اننا نطالب المحافظين ان يركزوا الان على الجانبين الامني والاقتصادي بعد ان يتم ايصال الاموال المخصصة للمحافظات".He said during a meeting with governors of Iraq Monday : "We call on governors to concentrate now on both sides, security and economic after the delivery of the funds allocated to the provinces." واضاف:" اننا لانريد ان يعود دينارا واحدا الى خزينة الدولة من الميزانية التي خصصت هذا العام ويجب تحقيق وتنفيذ المشاريع الخدمية والاقتصادية والامنية باسرع مايمكن".He added : "We do not want to return dinars, and one to the state treasury of the budget allocated for this year and must achieve and implement projects and service and economic security as quickly as possible." وتابع:"لانريد ان يتكرر ما حدث في العام الماضي حين لم تتمكن بعض المحافظات من اكمال مشاريعها".He continued : "We do not repeated what happened in the last year, while some provinces have not been able to complete their projects." وذكر:"ان من لايستطيع تنفيذ هذه المشاريع هذا العام سيثبت انه غير قادر على ادارة المحافظة".He stated : "The son of the implementation of these projects this year will prove that he is unable to manage the province." وكشف المالكي:"ان مجموعات مسلحة شكلت لواء باسم خرق القانون لتنفيذ عمليات ارهابية بحق المواطنين".The Malki : "The armed groups formed dedicated to breaking the law on behalf of terrorist operations against citizens." وبين:"ان خطة فرض القانون استطاعت احباط هذا المخطط و القاء القبض على المسلحين والقضاء على هذا اللواء الارهابي".And : "The plan to impose law could frustrate this scheme and the arrest of the gunmen and the elimination of the terrorist brigade." وتابع المالكي:"ان اعترافات هؤلاء الارهابيين بينت انهم كانوا يريدون قتل المدنيين الابرياء".واشار الى:"ان الحكومة دخلت في مواجهة مع الارهاب ويجب ان تكون بزخم تصاعدي وبوتيرة واندفاع متواصل".Al-Maliki and continued : "The confessions of those terrorists indicated that they wanted to kill innocent civilians." He pointed out : "The government entered into a confrontation with terrorism and must be upward momentum and the pace and the constant rush." وافاد:"ان بعض الارهابيين هربوا من بغداد الى المحافظات وعلى الاجهزة الادارية والامنية في المحافظات متابعتهم والقضاء عليهمA : "Some of the terrorists escaped from Baghdad to the provinces and the administrative organs and the resumption of security in the provinces and eliminate them

...maybe this is the
" Time they stopped facking about and got on with what they keep preaching. Words are cheap, action is needed. " that Adster was talking about???