Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

The high demand for dollar
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
Increased demand for the dollar by buying $ 57 million in the meeting today, Thursday, recording a volume of the total 90 million 30 thousand dollars against 33 million and $ 45 thousand at the meeting yesterday, Wednesday,.
Such requests by 10 million and 630 thousand in cash R. States, and 79 million 400 thousand dollars in the form of remittances outside the country, the Bank has fully covered by the stable exchange rate of 1273 dinars, which is the same rate yesterday.
With the 14 banks submitted bids for the sale of $ 25 million of the bank, which is the highest offer for the sale of Iraqi banks in the history of the auction, the bank bought full exchange rate hit 1271 dinars.
He said Mr. Ali Yasiri, one dealing with the World News Agency (Voices of Iraq) Independent that the rise in remittances resulted from the purchase governmental high hit 79 million and 400 thousand dollars, compared with 25 million and 250 thousand dollars yesterday due to the huge remittances government to cover its contracts, and the high volume of dollar selling due to the commencement of government the application of the policy of anti-dollarisation of the dollar through the sale and purchase of the dinar from the Central Bank to cover budget items.

Version traduite de la page http://www.aswataliraq.info/?newlang=ara

Number of banks 14 -----
Auction price selling dinar / US $ 1273 -----
Auction price buying dinar / US $ 1271 -----
Amount sold at auction price (US $) 90.030.000 -----
Amount purchased at Auction price (US $) 25.000.000
Total offers for buying (US $) 90.030.000 -----
Total offers for selling (US $) 25.000.000 -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make"


A. TIMSKI57 got yesterdays clues correct first

B. "Aren't you one of those guys, those guy guys, those guys with skills?"
"What guys?"
"You send them into the wilderness with a pocket knife and a q-tip and they build you a shopping mall. You can't do that?"


The best spin that I can think of for the large amount of dinars going back into the economy today is that they are distributing the lower denoms. We have had more than a few references pointing to a reval in early April. It would be wonderful if it comes to pass. Let's all pray for the best situation to unfold, if the time is now then it will happen, if not we'll wait as we have in the past. It will happen eventually and when it does we can then all start the "second half" of our lives. Don't forget what it was like before the big "R" and remember to help those in need.


1. "0" Dinar rate change today, it was 1273, it is now 1273

2. A (net) worth of dinars, IQD - 76,418,190,000 pulled out of circulation today 3/29/07.

3. 14 banks participating today

4. 112th auction since the beginning of CBI's reval plan

5. 180 days into the CBI's reval plan. (SIX MONTHS)

6. 7,531,659,061,000 dinars pulled from circulation !!

7. "31,775,000,000" Dinars back into circulation today

8. 204 dinar change since Oct 1st (baseline was 1477) 13.811% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 4 point reduction in the rate so far this week. Was at 1277 at the end of last week, 1273 so far this week.

10. 7 point drop in the month of Mar. Ended at 1280 in Feb, now stands at1273
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

the law provides oil and gas investment environment for the advancement of the economy of Iraq

After the presentation to the Chamber of Deputies for discussion and approval
ح)Academics in the economies of the world oil and researchers politicians that the oil and gas's new government and referred to the House for approval provides investment environment for the development of Iraq's economic, political and possible base of democratic transformation. ( Morning)

.Through this poll, seeking to develop a national vision and to shed light on the oil and gas law for the formation of the new support for the process of political and constitutional process in the country and to uncover the importance of the huge oil revenues to the development of human resources and the delivery of services and rebuilding the infrastructure of the sectors of electricity, transport, construction and the distribution of these revenues to the provinces According to the Iraqi population density.
ةWaste oil wealth.
.Expert says Iraqi Oil Musab good that the monopoly of the former Iraqi government of oil revenues is the root cause of tyranny, war and disruption of Iraq's territory and people. .As the central state control to all sources of wealth showed misuse and misappropriation. .Especially in the era of Saddam, where was the support and consolidate the rule to make its relationship with the very extremism and the involvement of the country in successive wars led to the waste of enormous financial wealth of over 100 billion dollars in addition to the external debt estimated at 120 billion dollars, the expert added that during the first ten years of the Saddam the reins of the state as a direct military spending for Iraq at more than 200 billion dollars, more than the value of all oil revenues, which entered the treasury since the discovery of oil at that time.
Financing of repression
.The political researcher Muhammad Abedi former regime to govern this vast oil wealth has led to fundamental changes in the social impacts of the Iraqi society and the control of the political, and the emergence of parasitic segments linked loyalty and kinship and added that the oil wealth led to the liberalization of the government of Saddam surveillance and accountability by the institutions for example, the existing national and then allowed the financing of law enforcement bodies, the army, police and security sector and believes that a change of the former regime and to enter into a new political era, and the pursuit of democracy as a mode of government and the involvement of all groups, components, communities, ethnic groups and political forces and religious groups in the governance of the country requires a restructuring of the petroleum resources in support of economic and human development and rehabilitation the oil sector and within this framework comes the new oil and gas wealth to get help to the reconstruction and rebuilding of the infrastructure destroyed and the distribution of proceeds according to population density between the governorates of Iraq eight years.
The transfer of assets
.The economic researcher Jawad Kazem that the new oil and gas based mainly on the transfer of economic assets from the central government to provincial and district and this is part of modern liberal thought in turn funds to the (federal cash assets), the researcher added that this model lead to the expansion of the production of petroleum resources and contribute to the formation of a material for a democracy based on the expansion of the participation of citizens in both parties or the status of wealth. .Since the initial building the foundations of democracy is based not only on the good intentions of the political forces, which runs the government but on the institution of the federal and territorial foundation of a partnership between the European and territories and shows the government's commitment to democracy.
The Federal Council
.He added the activist liberal Abdulrazzaq Hussein, there is nothing to indicate that the major oil companies will have the upper hand in the interests of the Iraqi wealth, but vice versa as the draft law, in particular Article V and its offshoots provide a range of powers to the Federal Council of oil and gas, which will be the foundation under this Act and includes representatives jurisdiction of the ministries (oil finance, planning and development cooperation in the federal government and the governor of the Iraqi Central Bank, and representatives from each province a minister and a representative from each province irregular in the territory and the executive heads of the Iraqi National Oil Company and oil marketing company affairs specialists and experts of oil and gas, finance and economy. He added that the legislation proposed laws to develop sources of oil wealth, and all the operations associated with the petroleum sector, whether legislative or validation is the prerogative of the House of Representatives and in this case that this law consistent with the supreme interests of Iraq as long as that everything is subject to revision and amendment by the people's representatives and emphasized that the issuance of such a law came late from the as the process of Iraq's development and progress and subject to the fulfillment of the development of the oil sector away from slogans Iraqi tyrant in the march.
Embodies the constitutional texts
.The political activist Mohamed Hussein Iraqi Communist Party.
انThis law reflects the constitutional provisions, in particular Article (111) and (112) of the Constitution of the Republic of Iraq and Yugoslavia, which provides for the ownership of the wealth of the Iraqi people for oil and gas in all regions and provinces and added that this law will be a revolution in Iraq because it reintroduced a new structure for the management of the Iraqi state based on the federal and federal It is believed that the new oil and gas is not incompatible with the constitutional amendments which includes essential for the recognition of revenue sharing between the regions and provinces on the basis of population numbers and sees no need to review the paragraphs of technical and language ..
اConsistent with our
.He ruled the economies of oil-Jamali, professor of the University of Baghdad, that the draft law of oil and gas and new, developed by the government and submitted to Parliament for discussion and approval in accordance with national interests and the big Iraqi security conditions and the outlook for constitutional amendments Atsaleh excuse to justify the postponement, and added that this law in the interest of economy Iraqi and collapsed, exhausted and unable to meet the basic needs of citizens on a regular basis as the oil sector in particular needs to the process of modernization and development capabilities, and secure funding. \
.The political activist Mohammed Salman powerful National Accord Movement that the new oil and gas have positive effects on the nature of the conflicts in Iraq and now believes that the bill will ease the ideological divisions and religious, sectarian and national awareness crystallized in favor of political and economic mass of Iraqi citizens and added that the huge revenue financial accruing from the oil wealth will be given if there is goodwill to the major projects of the infrastructure, electricity, water, health and education sector of the Wolf tremendous addition to the reform of the oil sector itself. ..They are deposited in the account of national and will be divided prorated for income over local funding sources and establishes standards of transparency and restore confidence in the political crew government ..
.The expert noted that the oil Salman thanked the restructuring of the Oil Ministry and the regulatory role only requires launch investments in this vital sector in order to raise production capacity and strengthening the oil industry and added that the Ministry of Petroleum lack of technical equipment and advanced devices for extracting the oil industry, and this experience is not a new Gulf States application of this pattern investments for a long time.
.According to Dr. Karim Taher, a professor of economics at the University of Baghdad that the modernization and development requires that the provision of scientific and technical knowledge and the necessary administrative addition to securing the financial resources to cover the costs of these activities and in all areas of investigation and exploration and production and this process requires huge investments not available in Iraq now. .He added that the new oil and gas project is the big economic, which will create a key position to take decisions on energy and oil wealth linked to the Council of People's Representatives

Please excuse if previously posted. Thank you.

I am hopeful the Dinar going back out is the lower denoms, but wouldn't you think a leak would have happened by now regarding that?

Something has to give, and soon!!

Here's to an April to remember....

Originally Posted by Socata 850

Number of banks 14 -----
Auction price selling dinar / US $ 1273 -----
Auction price buying dinar / US $ 1271 -----
Amount sold at auction price (US $) 90.030.000 -----
Amount purchased at Auction price (US $) 25.000.000
Total offers for buying (US $) 90.030.000 -----
Total offers for selling (US $) 25.000.000 -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make"


A. TIMSKI57 got yesterdays clues correct first

B. "Aren't you one of those guys, those guy guys, those guys with skills?"
"What guys?"
"You send them into the wilderness with a pocket knife and a q-tip and they build you a shopping mall. You can't do that?"


The best spin that I can think of for the large amount of dinars going back into the economy today is that they are distributing the lower denoms. We have had more than a few references pointing to a reval in early April. It would be wonderful if it comes to pass. Let's all pray for the best situation to unfold, if the time is now then it will happen, if not we'll wait as we have in the past. It will happen eventually and when it does we can then all start the "second half" of our lives. Don't forget what it was like before the big "R" and remember to help those in need.


1. "0" Dinar rate change today, it was 1273, it is now 1273

2. A (net) worth of dinars, IQD - 76,418,190,000 pulled out of circulation today 3/29/07.

3. 14 banks participating today

4. 112th auction since the beginning of CBI's reval plan

5. 180 days into the CBI's reval plan. (SIX MONTHS)

6. 7,531,659,061,000 dinars pulled from circulation !!

7. "31,775,000,000" Dinars back into circulation today

8. 204 dinar change since Oct 1st (baseline was 1477) 13.811% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 4 point reduction in the rate so far this week. Was at 1277 at the end of last week, 1273 so far this week.

10. 7 point drop in the month of Mar. Ended at 1280 in Feb, now stands at1273
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

I know: "Six Days Seven Nights"

Originally Posted by Socata 850

Number of banks 14 -----
Auction price selling dinar / US $ 1273 -----
Auction price buying dinar / US $ 1271 -----
Amount sold at auction price (US $) 90.030.000 -----
Amount purchased at Auction price (US $) 25.000.000
Total offers for buying (US $) 90.030.000 -----
Total offers for selling (US $) 25.000.000 -----


Gooooooooooooood Morning RolClub


"The More They Take, The More We Make"





A. TIMSKI57 got yesterdays clues correct first

B. "Aren't you one of those guys, those guy guys, those guys with skills?"
"What guys?"
"You send them into the wilderness with a pocket knife and a q-tip and they build you a shopping mall. You can't do that?"


The best spin that I can think of for the large amount of dinars going back into the economy today is that they are distributing the lower denoms. We have had more than a few references pointing to a reval in early April. It would be wonderful if it comes to pass. Let's all pray for the best situation to unfold, if the time is now then it will happen, if not we'll wait as we have in the past. It will happen eventually and when it does we can then all start the "second half" of our lives. Don't forget what it was like before the big "R" and remember to help those in need.


1. "0" Dinar rate change today, it was 1273, it is now 1273

2. A (net) worth of dinars, IQD - 76,418,190,000 pulled out of circulation today 3/29/07.

3. 14 banks participating today

4. 112th auction since the beginning of CBI's reval plan

5. 180 days into the CBI's reval plan. (SIX MONTHS)

6. 7,531,659,061,000 dinars pulled from circulation !!

7. "31,775,000,000" Dinars back into circulation today

8. 204 dinar change since Oct 1st (baseline was 1477) 13.811% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 4 point reduction in the rate so far this week. Was at 1277 at the end of last week, 1273 so far this week.

10. 7 point drop in the month of Mar. Ended at 1280 in Feb, now stands at1273
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.

The movie is Six Days Seven Nights

I do know, my 600k order yesterday came in 10,000 bills, and my friends 300,000 came in 10,000 and 5,000.

If that means anything

The president of the republic calls on the Arab summit to approve the hosting of Iraq an extraordinary meeting of Arab foreign ministers in Baghdad


On the economic front, One of the most important achievements, Your Majesties, Excellencies and Highnesses, Excellencies, is a quality leap in the income of citizens and raise their standard of living, as per capita income increased from one hundred to three hundred once again in the various State facilities, schools, universities and ministries.

ط!And some people may not know that the salary breeders generations teacher or university professor did not exceed three dollars a month only!

ان.The annual budget assessments for this year, amounting to 42 billion dollars will enable our nation to secure higher incomes and standard of living in larger quantities, and the entire budget will be devoted to this noble purpose, and to launch reconstruction projects and construction giant.

و .And I would like to mention in this context, aside long been deliberate obfuscation in the media and other circles, and I mean the issue of oil and its management and distribution of oil wealth.
.That articles (111) and (112) of the Constitution say oil wealth and an Iraqi national, all belonging to the Iraqis back their exports to the central budget and the government organize fair distribution according to the proportion of the population of districts and their needs. و .And the law has been drafted to reflect the oil so.

لقد .The liberation of the Iraqi economy, the State monopoly booming markets in the safe areas thanks to the contribution of the private sector in trade, construction and industry, and the living standards of citizens, as I said before, formerly from $ 300 to about $ 1600 and achieved important successes in the fields of education, culture and health care, where university opened its doors and the addition of the new universities and colleges, primary education, exercise and the Mediterranean and extensive secondary activities.
و .And the hospitals and health centers, provide services to citizens free of charge, and expanded health and educational services in the safe areas separating fast and high.

ان .That opened up enormous possibilities for investment in our country after we enact laws on investment and guarantor of oil and the National Oil Company. وبالامكان .It is possible to take the safe areas in the north and south serve as a springboard to other parts of the country.

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برسHilla - file Press

ناقشالعراقي.Discussed by activists and economists civilians in the city of Hilla, a draft bill of oil and gas to be enacted soon and dimensions of the Iraqi reality of the economy.

وابدى".The participants in a symposium organized by the Forum of Democratic Action in Babylon under the title (the draft law on oil, gas and human Iraq's oil) reservations on certain paragraphs of the draft, noting that "the project failed to take adequate pulp for discussion, and that the committee in charge of drafting the project is not known to the Iraqi people," believing that "there is some pressure Foreign exerted on the Iraqi government paid to the urgency of the legislation law. "

واكد ".Participants stressed the need "to look at the new draft law from all angles the technical, political and economic, not only Alnzarali political side", stressing that "the final wording of the law must move away from communal quotas."

".The Budeiri Ismail, head of the Human Rights in Babylon to the axis of oil rights in the draft law and its related human rights be taken into account in the drafting of the law, stating that "the new economic systems when formulated should adopt the principle of democratic participation in decision-making."

ودعا.Budeiri called to the need to involve civil society organizations and grants sufficient to clarify the role and activating the texts of universal human rights, in particular the Universal Declaration of Human Rights and the International Covenant on Economic 1966.

من ون.For his part, Mohammed Makki Research of the Society of Iraqi economists economic dimensions of the new draft law and the repercussions that would have on the Iraqi economy as a result of international economic commitments that will be adhered to by Iraq on the basis of this law.

.The gathering of Iraqi liberation and construction in the province, issued a statement on the draft law which time it is inappropriate to issue such law in the light of the grave Iraq from the chaos of security, and political, in the words of the statement.

وبر .The statement said the draft law, "that he will present Iraqi oil wealth to the risks linked to real wealth derived from oil contracts to participate in the production, in addition to its representation of the diminution of national sovereignty through the participation of major international oil companies in the Federal Council of oil and gas to which the proposed law in some articles.

ودع.The statement called for the slowdown in the new law until after the planned amendments to the Iraqi Constitution, in particular with regard to the oil wealth as well as the deterioration of security conditions in Iraq HUH??

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With the devaluation of the dollar against the Iraqi dinar .. الماتThe escalation in the prices of goods and services

It seems that recent increases in fuel prices, and specifically the increase in the price of petrol, kerosine and potatoes, was behind the continued rises in the prices of goods and services in the Iraqi market, despite the monetary policy of the Central Bank to deal with inflation, by raising the value of the Iraqi dinar against the dollar, but the high (prices transport) by increasing Saaralbenzin, kerosine, is clearly reflected in the prices of other goods and services, and here is inevitable that the backbone of the price policy, which is subject to local markets is the transport sector, in reality that the transport costs for goods sold in the local market, such as fruit and vegetables products (vegetative) are marketed outside the city limits Baghdad to a major markets, and then to the markets regionalism, may be the product of more than or equal to the value of the goods themselves ..

وان .It was traveling in a car (taxi) inside the city of Baghdad, they buy this service is not less than two dollars, and that was the act of more than Aibtad (2 kilometers) from the point of departure. وعلى..In spite of the poor security conditions that contribute to the creation of a state of depression for some commodity items in the (wholesale markets), which used to frequented by traders southern governorates and the Central Euphrates provinces to get their wares-as security conditions led them to change the direction of Basra and head for breeding-only that the state this recession has not led to a decline in the rate of decline in demand with supply and the price hike has to be sustained fever suffered by the local markets .. ...In the market for electricity (Akd Christians) told us (Ahmed Maghamis), which is one of those working in this market : The high transport rates almost to be the main reason for the absence of any decline in the prices of electricity in spite of the devaluation of the dollar, which usually measure adopted by the traders and workers in this market to determine the rate of supply of goods, on the contrary, prices have risen some of those commodities, after that emigrated many importers outside the country, and the ratio of supply of certain goods which allocates some of them in the import, Ahmed added, saying : perhaps contribute monopoly in certain commodity circulation between merchants and importers specific, and therefore Sithekmon price, many of whom have had to raise the price of the commodity (wholesale) whenever the dollar depreciated, and the earliest example of this is to increase the price (fluorescent cardboard) at a rate of one thousand dinars cardboard, in spite of the devaluation of the dollar, one thousand five hundred dinars. less than three hundred thousand dinars Dolaraloahd, it is true that there are some of the relative decline in some commodities traded in our market, it had achieved reductions of around one of the mines presented not in the rate of the total supply of goods ... امادمونها؟..Transportation costs may be behind rises in the prices of some commodities, but why deliberately barbers for example, to raise the prices of their service? .. رYou might say to me that the matter will be evacuated them and like others, and this means we are going to go in the end each time the rise in the prices of petrol and kerosine, and Anattarad prices of transportation and to the extent never, Is it conceivable that the taxi (car Altksi) of Karadah, to the city of freedom, five ten thousand dinars?! .... ان !) .That amount is the equivalent of twelve dollars, and that amount could hire a private car to a full day in the city of Amman, Jordan, a city renowned for the high prices of goods and services which, Faye (inflationary we live!) . .. ) فقالت لنا ..The citizenship or Hedel (a clerk in the Agricultural Bank), said to us .. !Something never expected a decline of the value of the dollar against the Iraqi dinar, while prices remain Mertgaah this way! ئة..Personally, I think that there is an imbalance in the economic equation, which cited the economy of this country, since 99% of the supply of the commodity is imported (Thank God)!, This comes to us importer in hard currency and prices in dollar specifically, the question is why these prices do not come down as long as the hard currency in the case of a significant drop in front of the Iraqi dinar with the proportion of the decline in practice on 15% .. انهاةFrequently asked questions and they need to answer
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