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

ذلكJustice-special : An index of consumer prices in Iraq (as an indicator of inflation) a sharp drop in growth rates in the month of February of this year amounted to 2007 (6.8%) compared with January of the same year Accordingly,

فان7.The annual rate of inflation has fallen to about 37.1% in February last month after the annual rates of approximately 66.4 in January of the current year 2007. .This came in a press statement a copy of which was received justice and pointed to the decline in the phenomenon reflects more positive effects of the inflationary policy of the Central Bank of Iraq in promoting the exchange rate of the Iraqi dinar, which gave its strong stability in the prices of tradable goods exchange, which Ashrha annual basis (expressed index of consumer prices excluding the two fuel and lighting, transport and communication), which showed another decline in the average rate of growth since the annual rate of inflation for the month of February last approximately 23.7% after it was 30.7% in the month of January of this year. لاد.Noting that the current procedures and methods adopted by the monetary policy to influence the inflationary phenomenon has played an important role in curbing inflation caused by the factors of aggregate demand and the Central Bank of Iraq will continue to adopt its current policy to reduce inflation and to address the trends, causes and to provide stable cash wider and accelerate economic growth rates and to ensure sustained through references basic adopted the current monetary policy of strengthening the exchange rate of the Iraqi dinar and sustain stability and the use of interest rates, the Central Bank of Iraq, including accelerating Touzan and stability of the financial market in the country. لما .The view of the foregoing, the Central Bank of Iraq need to continue to support the economic policy of positive trends in the level of inflation and stability of the general level of prices through various hubs and trends, particularly in the area of energy, fuel, and the areas of fiscal policy aimed at restructuring of public expenditure and contain the fiscal pressure, as well as the role of investment policies and orientations positive reinforcing the imposition of investment and the exploitation of production capacities and to combat unemployment and boost economic growth rates in the country

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Originally Posted by rvalreadydang

ذلكJustice-special : An index of consumer prices in Iraq (as an indicator of inflation) a sharp drop in growth rates in the month of February of this year amounted to 2007 (6.8%) compared with January of the same year Accordingly,

فان7.The annual rate of inflation has fallen to about 37.1% in February last month after the annual rates of approximately 66.4 in January of the current year 2007. .This came in a press statement a copy of which was received justice and pointed to the decline in the phenomenon reflects more positive effects of the inflationary policy of the Central Bank of Iraq in promoting the exchange rate of the Iraqi dinar, which gave its strong stability in the prices of tradable goods exchange, which Ashrha annual basis (expressed index of consumer prices excluding the two fuel and lighting, transport and communication), which showed another decline in the average rate of growth since the annual rate of inflation for the month of February last approximately 23.7% after it was 30.7% in the month of January of this year. لاد.Noting that the current procedures and methods adopted by the monetary policy to influence the inflationary phenomenon has played an important role in curbing inflation caused by the factors of aggregate demand and the Central Bank of Iraq will continue to adopt its current policy to reduce inflation and to address the trends, causes and to provide stable cash wider and accelerate economic growth rates and to ensure sustained through references basic adopted the current monetary policy of strengthening the exchange rate of the Iraqi dinar and sustain stability and the use of interest rates, the Central Bank of Iraq, including accelerating Touzan and stability of the financial market in the country. لما .The view of the foregoing, the Central Bank of Iraq need to continue to support the economic policy of positive trends in the level of inflation and stability of the general level of prices through various hubs and trends, particularly in the area of energy, fuel, and the areas of fiscal policy aimed at restructuring of public expenditure and contain the fiscal pressure, as well as the role of investment policies and orientations positive reinforcing the imposition of investment and the exploitation of production capacities and to combat unemployment and boost economic growth rates in the country

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37%? BS. Add on fuel and transportation and it's back up to around 70%......

Anyone see the auctions today? Not seen $25 million worth of dinar being sold EVER. Sounds like they're dedollarizing. Good for us as they will run out very soon without a reval.

Originally Posted by Adster

37%? BS. Add on fuel and transportation and it's back up to around 70%......

Anyone see the auctions today? Not seen $25 million worth of dinar being sold EVER. Sounds like they're dedollarizing. Good for us as they will run out very soon without a reval.

You're right Adster! I saw that article the other day that said if you take out fuel and transportation the inflation rate is around 30+. That's one way to lower inflation, just stop counting key segments of the economy. Anything to avoid the one thing needed---an RV!

Originally Posted by Dinar Cha Ching

You're right Adster! I saw that article the other day that said if you take out fuel and transportation the inflation rate is around 30+. That's one way to lower inflation, just stop counting key segments of the economy. Anything to avoid the one thing needed---an RV!

Exactly bro, what is more interesting and you love your numbers do you ever remember seeing more than $2 million worth of dinar being sold at the auction? I don't, ever.

Could the above $25 million worth of dinars be the lower denoms, last auction of the week etc........

K.C.B. could take action on dinar at any time DUBAI - Kuwait’s central bank could take unspecified measures against speculation on the dinar currency at any time, perhaps as early as Sunday, Nabeel al-Mannae, the Deputy Central Bank Governor, told Reuters on Wednesday.
“If needed we could take action immediately,” he said in a telephone interview from Kuwait. “Any action could come next Sunday or Monday.”
He also ruled out capital controls on the dinar. The central bank said in a statement to Reuters earlier that it may take unspecified measures to deter speculation after noting increased buying.

Originally Posted by Dr. Mike

I know: "Six Days Seven Nights"

Dr. Mike, you got the correct answer first !!! Until Sunday, I'll have to dig deeper in the memory vault of movie clues!!

New US ambassador to Iraq sworn in
AFP

March 29, 2007


SWORN IN: The new US ambassador to Iraq, Ryan Crocker, speaks to the media during a news conference following his oath-taking ceremony at the US embassy in Baghdad March 29, 2007.
(REUTERS)
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BAGHDAD -- The new US ambassador to Iraq, Ryan Crocker, was sworn in at the American embassy in Baghdad's tightly fortified Green Zone Thursday.

Crocker, who is one of Washington's most experienced career diplomats with extensive knowledge of the Middle East, replaces Zalmay Khalilzad, who left the country earlier this week after a 21-month posting.

He was sworn in by embassy official Tina Tran at a ceremony attended by US Lieutenant General David Petraeus, the head of US forces in Iraq, and by embassy officials, embassy spokesman Lou Fintor said.

"We have a historic challenge ahead of us. Terrorists, insurgents, and militias continue to threaten security in Baghdad and around the country. Security is without question the central issue," Crocker told the ceremony.

"Much remains to be done. New democratic institutions require strengthening as does the rule of law ... These challenges will demand a strong commitment and broad performance from the Iraqi government and the international community."

Crocker takes over as US and Iraqi troops are locked in a massive security crackdown that has deployed 80,000 troops in-and-around Baghdad in a bid to quell burgeoning sectarian warfare and the ongoing insurgency.

He has previously been ambassador in Lebanon, Kuwait, Syria, and Pakistan. He has also been posted in Afghanistan, Iraq, Iran, and Egypt.

A fluent Arabic speaker and legendary workaholic with a reputation for being a no-nonsense player, he constrasts with Khalilzad's more informal style. He survived the 1983 bombing of the US embassy in Beirut that killed 63 people.

Crocker met his wife, now a retired foreign service secretary, in Baghdad in 1979.

He will present his credentials to Iraqi President Jalal Talabani soon.

Baghdad detention centres overcrowded

BAGHDAD (AP)
An Iraqi monitoring group said yesterday that detention centres have become severely overcrowded since a security crackdown began six weeks ago in Baghdad, and it said most of the inmates were innocent.
Maan Zeki Khadum, the deputy head of the governmental legal oversight group, said one of the facilities on the western edge of Baghdad held 272 inmates although it was only designed for 75, while one south of the capital – with room for 75 – reportedly held nearly 800 prisoners.
He said his team of 17 lawyers visited the detention center at the Iraqi-run Muthanna air base on the western outskirts of Baghdad on March 13 and found the prisoners in poor conditions, with five people crammed into a cell built for one.
He also complained that a woman with her daughter and four boys detained on charges that were not connected to the Baghdad security plan had been thrown in with the other prisoners. “They were there by chance, which indicates an ignorance of the law among some security elements,” he said.

IRAQ ISSUES TO TAKE BACK SEAT TO PEACE PROCESS AT SUMMIT
The Arab peace initiative will take precedence over the Iraq issue, Foreign Minister Zebari told Al-Iraqiyah television in an interview broadcast on March 27. Nonetheless, there is a feeling of seriousness from member states on the Iraqi issue, Zebari noted, adding that Arab states recognize the possible spillover effect that the instability in Iraq could have on neighboring states. Asked to comment on Iraq's national-reconciliation process, he stressed the government's need to take a firm position on who it will negotiate with. "We should come up with something concrete. It is not enough to call for reconciliation. The time will come to determine who you should achieve reconciliation with. With whom should we achieve reconciliation? Is it with Al-Qaeda, or with the Saddamists and Ba'athists who are killing us every day?" he asked. KR

Iraqi President Seeks Arab Support
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Posted GMT 3-29-2007 14:17:53
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RIYADH, Saudi Arabia (AP) -- Iraq's president tried to win Arab support Wednesday, promising Baghdad will give a greater political role to Sunni Muslims but calling on Arab countries to help stop terrorism in Iraq.

A summit of Arab leaders in the Saudi capital Wednesday is taking a tough line on Iraq, demanding it change its constitution and military to include more Sunnis and end a program uprooting former members of Saddam Hussein's ruling Baath party.

The Sunni-led governments of the Arab world have long been suspicious of Iraq's new Shiite leadership, blaming it for fueling violence by discriminating against Sunni Arabs and accusing it of helping mainly Shiite Iran extend its influence in the Middle East.

In a speech to the summit, Saudi King Abdullah denounced the U.S. military presence in Iraq as an "illegitimate foreign occupation" and warned that sectarian bloodshed was leading to civil war.

The head of the Arab League, Amr Moussa, warned that the Iraqi government's sectarian policies were threatening a wider conflict. "The clash between Sunnis and Shiites in Iraq and the policies that enflame and exploit it could light a horrific regional inferno that will leave no one victorious," he said.

Ahead of the summit, Iraq's Shiite prime minister, Nouri al-Maliki, and President Jalal Talabani promised to introduce new legislation to let former members of Saddam's ruling Baath Party resume jobs in the government.

The legislation, which has yet to be put to parliament, was seen as an attempt to avert criticism at the Arab summit. Al-Maliki is said to fear rising support among U.S.-allied Egypt, Saudi Arabia and Jordan for an Iraqi national unity government led by former Prime Minister Ayad Allawi, a favorite of Washington.

In a message to the summit released Wednesday, Talabani said the legislation would "abolish the Debaathification commission and replace it with a Justice and Accountability Law."

He promised "bridges of confidence to be built linking all the elements of the Iraqi people, bringing opponents of the political process into the process and elements of the former army into the new army."

Talabani, a Kurd, called on Arab nations to back the Iraqi government by cancelling Iraqi debts and help stop militants from crossing into Iraq to join the insurgency. "Our utmost need will remain that we should act together to break the neck of terrorism," he said.

The promise of the legislation was a sharp change from past dealings with Arab leaders, when Iraqi officials angrily dismissed their demands. Many among Iraq's Shiites believe Arab nations are bitter over the fall of Saddam and the loss of Sunni Arab dominance of the country.

By Salah Nasrawi

© 2007, Assyrian International News Agency