Thread: Iraq/Dinar News up until March 18th Midnight ctz

Originally Posted by Offshore-Wealth.com

Funny,

Are you trying to corner me Neno. LOL Seriously, I have always heard that normal is where it left off at the time of invasion, this is generally considered normal as this was the last rate of exchange, and the one most were accustomed to for many years, actually from 1986 to 2003, so this is why it is referred to as normal. Hope that helps.

Good luck to all, Mike

OSW!

What was the rate back then pre invasion???

Originally Posted by darock0116

The HCL wont be done till May!!! The ICI is this Friday the 16th in New York!!!

Darock! I expect some more bad news to come out to throw off speculators! Maybe even a backward move by two pips just to upset people!

Chairman of the Federation of parliamentarians calling for the establishment of a national council for higher economy

المواطنBasra-up to the citizen
دعا .The Chairman of the Federation of Iraqi parliamentarians member of the Economic Committee of the National Assembly Monday, the previous government to establish a national council highest of the Iraqi economy. He said Montasser Principality "must be the Council's decision in the highest regard, the Iraqi economy should include experiences and competencies of all specialized Iraqi blocs and political Aaltiarat and independents. "The Principality in a statement to the press "must direct this project as soon as possible, to be with the Center for Studies of this strategy of specialists and technocrats of university professors, economists, whatever their views based planning and consulting him." He added that "the deterioration of the Iraqi economy and negative phenomena in it due to the absence of a central the economic resolution and that Iraq is losing its present climate of economic health. " and between the Principality that "the Iraqi economy, relying almost entirely on oil and this means that the economy has no clear methodology it is not a free economy is not directed otherwise." Regarding the entry of foreign investor reluctance to Iraq said that the Principality "is the same for reasons and not for the reason of security as alleged by some people, some areas did not secure lead investor. ""He demanded that the Emirate Council includes experts from the ministries concerned with this issue such as oil, electricity, industry and others to be able to draw plans ambitious strategy for the advancement of circles of life. He pointed out that "the Iraqi economy has the expertise and competencies that qualify for the advancement of the fact crumbling, but what is lacking in this area is good governance and bold decision

جريدة المواطن العراقية

الوطنيThe weak capacity of the banking sector to cope with the needs of the national economy

بغداد- الملف برسBaghdad-file Press
.The Ministry of Planning and Development Cooperation that the Iraqi banking sector suffers from weak capacity to make it away from the possibility of coping with the pressing needs of the national economy, and this situation falls on the public sector insurance companies and private in the country. The ministry explained that the weakness is reflected in the fact that the assets of the banking sector does not exceed 2 only $ reflecting the weak role of the banks in the Iraqi economy, a source of liquidity and funding and that the banking sector is working within the system is very weak and underdeveloped payment and credit facilities to small, which requires improving the capacity of the banking sector in terms of organizational, technical and training, including the restructuring banks government and offer technical assistance to modernize and methods of work and the creation of an independent entity effective of the Central Bank of Iraq and the modernization and development of non-cash payment methods, and services including bank reconciliations and provide services for the modern house in the Central Bank, in addition to the need to examine the development of government-owned banks and insurance companies in order to strengthen and attributed g positions in the Iraqi economy. و الخاصAnd it should be noted that the banking system is composed of the Iraqi Central Bank and 24 banks, including the six banks owned by the state and 18 commercial banks and investment owned by the private sector

جريدة المواطن العراقية

Originally Posted by Offshore-Wealth.com

Funny,

Are you trying to corner me Neno. LOL Seriously, I have always heard that normal is where it left off at the time of invasion, this is generally considered normal as this was the last rate of exchange, and the one most were accustomed to for many years, actually from 1986 to 2003, so this is why it is referred to as normal. Hope that helps.

Good luck to all, Mike

Thanks.

I didn't notice, is there an article about the UN meeting on Friday to discuss the compact?

this is all i could find

Secretary-General Ban Ki-moon said he plans to host a meeting so the Iraqi government can brief states on Iraq Compact plan. Dow Jones Newswires - 13Mar 05:20GMT

Originally Posted by Offshore-Wealth.com

Funny,

Are you trying to corner me Neno. LOL Seriously, I have always heard that normal is where it left off at the time of invasion, this is generally considered normal as this was the last rate of exchange, and the one most were accustomed to for many years, actually from 1986 to 2003, so this is why it is referred to as normal. Hope that helps.

Good luck to all, Mike

Mike,

Let's not forget their 'real rate' which is on the CBI books and on the Bank of Baghdad site which is $3.22. This is what they want get back to. Why have they kept two sets of books.......

Bye Maliki you useless waste of space. Go kiss Sadr's butt, again. Come on Allawi, you the man as a proud Kurd and businessman, and will do the right thing by your people.


Iraqi leader fears ouster over oil money 1 hour, 43 minutes ago

BAGHDAD - Prime Minister Nouri al-Maliki fears the Americans will torpedo his government if parliament does not pass a law to fairly divvy up the country's oil wealth among Iraqis by the end of June, close associates of the leader told The Associated Press on Tuesday.


The legislature has not even taken up the draft measure, which is only one of several U.S. benchmarks that are seen by al-Maliki as key to continued American support, a crucial need for the survival of his troubled administration.

Aside from the oil law, the associates said, American officials have told the hardline Shiite Muslim prime minister that they want an Iraqi government in place by year's end acceptable to the country's Sunni Arab neighbors, particularly Saudi Arabia, Jordan and Egypt.

"They have said it must be secular and inclusive," one al-Maliki associate said.

To that end, al-Maliki made an unannounced visit Tuesday to Ramadi, the Sunni Arab insurgent stronghold, to meet with tribal leaders, the provincial governor and security chiefs in a bid to signal his willingness for reconciliation to end the bitter sectarian war that has riven
Iraq for more than a year.

Compounding al-Maliki's fears about a withdrawal of American support were visits to Saudi Arabia by two key political figures in an admitted bid to win support for a major Iraqi political realignment. Saudi Arabia is a major U.S. ally and oil supplier.

Former Prime Minister Ayad Allawi, a Shiite Muslim, flew to the Saudi capital Tuesday, a day after the arrival there of Masoud Barzani, leader of Iraq's largely autonomous Kurdish region. Most Kurds are Sunni Muslims.

"Allawi is there to enlist support for a new political front that rises above sectarian structures now in place," the former prime minister's spokesman, Izzat al-Shahbandar, told the AP.

Barzani spokesman Abdul-Khaleq Zanganah said the two Iraqis met in Kurdistan before the trip for talks on forming a "national front to take over for the political bloc now supporting al-Maliki."

It appears certain the United States was informed about the Allawi and Barzani opening to the Saudis, who are deeply concerned that al-Maliki could become a puppet of
Iran, the Shiite theocracy on Iraq's eastern border they view as a threat to the region's stability.

Washington has been reported working more closely with Sunni Arab governments to encourage them to take a greater role in Iraq, particularly in reining in the Sunni insurgency that has killed thousands of U.S. soldiers and tens of thousands of Iraqi Shiites.

The Bush administration is believed to be trying to win support for its operations in Iraq among Arab neighbors by assuring a greater future role for the Sunni minority that ran the country until the U.S. invasion ousted
Saddam Hussein four years ago.

One al-Maliki confidant said the Americans had voiced displeasure with the prime minister's government even though he has managed so far to blunt major resistance from the Mahdi Army militia to the joint U.S.-Iraqi security operation in Baghdad. The Shiite militia is loyal to anti-U.S. cleric Muqtada al-Sadr, whose political backing secured the premiership for al-Maliki.

"They have said they are frustrated that he has done nothing to oust the Sadrists, that the oil law has not moved forward, that there is no genuine effort on reconciliation and no movement on new regional elections," said the official, who like the other associates agreed to discuss the situation only if not quoted by name because of the political sensitivities.

Passage of the oil law, which seeks a fair distribution of revenues among all Iraq's sectarian and ethnic groups, has become a major issue for the United States, which had initially counted on financing Iraq's post-invasion reconstruction with oil revenues.

But the decrepit oil infrastructure and violence have left the country producing oil at about the same levels as before the war, at best, and those figures are well below production before the 1991
Gulf War that resulted in U.N. sanctions against the Iraqi oil industry.

The major Sunni bloc in parliament, along with Allawi loyalists in the Shiite bloc, openly oppose the draft measure. Al-Maliki also has lost the backing of the Shiite Fadila Party, and independent Shiite members are split on the bill. Those willing to speak about their opposition voice fears about what they see as too much possible foreign involvement and profit sharing.

The al-Maliki associates said U.S. officials, who they would not name, told the prime minister that
President Bush was committed to the current government but continued White House support depended on positive action on all the benchmarks — especially the oil law and sectarian reconciliation — by the close of this parliamentary session June 30.

"Al-Maliki is committed to meeting the deadline because he is convinced he would not survive in power without U.S. support," one of the associates said.

Standing in the way of forward movement is a recalcitrant Cabinet, which al-Maliki has promised to reshuffle by the end of this week. So far, however, he is at loggerheads with the political groupings in parliament that are threatening to withdraw support for the prime minister if he does not allow the blocs to name replacements for Cabinet positions.

http://news.yahoo.com/s/ap/20070313..._mi_ea/iraq_oil

Originally Posted by Adster

May have more to do with tax reasons than anything else.

Maybe BUT.........With Mr Soro's buying up their shares makes you wonder.

Originally Posted by Adster

Mike,

Let's not forget their 'real rate' which is on the CBI books and on the Bank of Baghdad site which is $3.22. This is what they want get back to. Why have they kept two sets of books.......

Isn't that the one that is .310 IQD? If you answer yes to this, then what is your memory remember the last exchange rate value in USD was per dinar pre-invasion? Thanks.