Thread: Iraq/Dinar News up until April 10th 11pm ctz

Originally Posted by michael16

I agree.

It does sound like this will be the approximate rate until the end of the year, according to this article. Maybe they are talking about a different fiscal year, but I don't think so.

You're right Michael...Iraq uses the calendar year as their fiscal year.

Originally Posted by Mike5200

of a decline in prices under the Central Bank

April 7th 2007 Expected expert at the Central Bank of Iraq Majid nominal decline in the price level under the CBE raised the value of the Iraqi dinar against the dollar.
He said the picture "that requires a period of time estimated at the end of the current year, pointing out that the insistence of traders on current prices very natural."
He added "that the reality will be many traders on the domestic market to cut prices after the supply of goods and commodities, according to the new prices commensurate with the rise in the value of the dinar.
Pointing to the citizen to contribute to this equation through consumer awareness and waiting for an opportunity to decline and postpone part of the requirements and needs are not pressing.

Anyone want to take a stab at what this means???

All it’s saying IMO is that folks who supply goods and service are more comfortable with stable prices based on a stable dinar, a very natural response. When they talk about end of the year, this is an opinion of how long markets forces exercise prices will take to get to new levels , which they expect to be lower. Again its an opinion, a wrong one as far as I'm concerned. Plus he is also saying that since the dinar is gaining value these folks in turn have to continually adjust pricing to reflect the new dinar value. Right here sounds like a contridiction of views to me. Basically they are saying it’s a pain in the backside to keep doing this, so reading between the lines, make one major adjustment and fix the prices and be done with it kind of sums it up.

Originally Posted by wciappetta

All it’s saying IMO is that folks who supply goods and service are more comfortable with stable prices based on a stable dinar, a very natural response. When they talk about end of the year, this is an opinion of how long markets forces exercise prices will take to get to new levels , which they expect to be lower. Again its an opinion, a wrong one as far as I'm concerned. Plus he is also saying that since the dinar is gaining value these folks in turn have to continually adjust pricing to reflect the new dinar value. Right here sounds like a contridiction of views to me. Basically they are saying it’s a pain in the backside to keep doing this, so reading between the lines, make one major adjustment and fix the prices and be done with it kind of sums it up.

I sure like your answer more than mine, so I really hope you are correct. I must agree it does sound more like an opinion than an official bank statement.

Petition Submitted to Remove Islam From Constitution

Arbil, Apr. 7 (VOI) – An Iraqi Kurdistan parliament member said a campaign was underway to garner the support of Kurdish parties for the drafting of a secular constitution for Kurdistan.

"We have submitted a memo collecting the signatures of 4,000 people to the Kurdistan constitution drafting committee with the aim of having the 7th Chapter amended," Suzan Shihab told the independent news agency Voices of Iraq (VOI) on Saturday.

The 7th Chapter of the Iraqi Kurdistan constitution provides that Islam is the official religion of the region.

"We're not against Islam or against the notion that Islam is the religion of the majority of residents but we're fighting for democracy and the building of a civilian society for the next generations," Shihab said.

She noted that the campaign does not express the voices of only those 4,000 signatories as there were organizations, to which thousands of people belong, have also signed the petition.

"We've started meeting with officials from Kurdish parties and they all supported our demand," she said. Shihab referred to a counter-campaign that started in the Kurdish province of al-Selaimani, where the residents objected the secularization of the region's constitution.

Kurdistan Observer

KurdistanObserver.com

Leaving Iraq, a Catastrophe to US Foreign Policy in the Middle East

By: Ardalan Hardi

April 8, 2007

Nearly two-thirds of Americans -- 63 percent -- want U.S. troop’s home from Iraq by the end of 2008, according to a poll taken by USA Today. While these opinion polls are mostly media driven and are used for political mud slinging from both sides of the aisle to sway public opinion in the upcoming elections, the fact remains that we cannot afford to lose in Iraq if we are truly concerned about the future of U.S. foreign policy in the Middle East.

Abandoning Iraq is not only a catastrophe for those who supported the U.S. efforts to bring about change in the Middle East as a whole, but also a political blow to American long-term interests and foreign policy in the region.

One of the biggest factors for staying the course is Iraqi oil. Losing Iraq’s oil production to a regional power struggle will have a horrific impact on international markets that will not only affect the U.S. but it could throw the entire free world market in a tail spin with oil prices at levels never seen before. Amy Myers Jaffe in her research paper (presented to The James A. Baker III Institute for Public Policy – Rice University) says “Iraq holds an important place in the political development and economic trend of the international oil market both historically and at the present time. Iraq’s stated proven oil reserves of 115 billion barrels -while perhaps somewhat overestimated during the rule of Saddam Hussein - are among the largest in the world. The country’s resource base is considered the second largest in the world, second to Saudi Arabia, and its oil export policy has been a critical element in setting international oil supply and pricing for over 30 years.” Knowing this fact alone should make U.S. politicians think of the consequences before making hasty decisions for unilateral pull out of Iraq.

Yesterday; April 5, 2007 the Associated Press reported that senate majority leader Harry Reid said he wants to cut off money for the Iraq war next year. In recent weeks, the House and Senate voted separately to finance the wars in Iraq and Afghanistan but set an end date for combat in Iraq. The House proposal orders all combat troops out of Iraq as of Aug. 31, 2008, whereas the Senate orders some troops to leave right away with the nonbinding goal of ending combat by March 31, 2008. All of this is a temporary solution to a conflict that we cannot afford to let go and which will have an enormous negative impact on our long-term national interest. Our lawmakers should recognize that.

An abrupt retreat would invite a host of problems including an all-out civil war. A civil war that will most definitely draw in Turkey, Iran, Syria and Saudi Arabia into the conflict. All of the neighboring states are eager to devour a piece of the pie; Iran with its religious propaganda, Syria with his link to Ba’ath party, the Saudi’s with their supposed concerns for the Sunni’s, and Turkey with its hogwash excuses to protect their relatives in Kirkuk. Turkey’s devious goals to squash Kurdish aspirations are already interfering in Iraq’s internal affairs. All this is happening while U.S. military is present in Iraq. Imagine what will happen if the US would pull out.

Those who advocate a quick withdrawal without offering a realistic solution to the crises seem to over look the consequences of the future U.S. national interest and the possibilities of an all-out regional war with a domino affect that will eventually draw us back into a larger war with no credibility.

Finally, if we fail in Iraq, it will be the biggest blow to the prospect of democracy in the Middle East with major political consequences in the future of our foreign policy in that region. Muslim fanatics and al-Qaeda groups will claim victory and will use our failure to increase their presence in the region.

The choices are clear: either we stay the course and continue supporting the current government in Iraq until it can stand on its own two feet or like many others have advocated -- the establishment of federal regions or dividing Iraq into three separate states as a good solution for Iraq's security problem and a quick withdrawal of our troops. One thing is for certain: a complete retreat without securing stability in Iraq is not in our national interest and it is like President Bush had said “a recipe for disaster.”

Originally Posted by Jason Lee

Hundreds of thousands of Shiites burned and trampled on US flags on Monday as they gathered in the Iraqi holy city of Najaf for an anti-American rally called by firebrand cleric Moqtada al-Sadr on the fourth anniversary of the fall of Saddam Hussein.
............
I wonder where they got the flags. They can't even feed there families but they can sure find the cash to buy flags. We need to take out Sadr what an *****! JMO

Ya know, I do not like to see our flag burned either, but I like to try and find the upside to every situation. What most are seeing as a problem here, I see as an opportunity... Anyone know what Iraqi company manufactures American Flags? I need to buy stock in that company when the ISX opens next week..... Get your American Flags here suckers....

Originally Posted by TerryTate

Ya know, I do not like to see our flag burned either, but I like to try and find the upside to every situation. What most are seeing as a problem here, I see as an opportunity... Anyone know what Iraqi company manufactures American Flags? I need to buy stock in that company when the ISX opens next week..... Get your American Flags here suckers....

well youhave the dinar!

Originally Posted by TerryTate

Ya know, I do not like to see our flag burned either, but I like to try and find the upside to every situation. What most are seeing as a problem here, I see as an opportunity... Anyone know what Iraqi company manufactures American Flags? I need to buy stock in that company when the ISX opens next week..... Get your American Flags here suckers....

Poor taste- too many of our soldiers are coming home wrapped in those flags.
Leann

Originally Posted by jedi17

I guess this is what they do on national holidays....very nice way to show any appreciation...I guess life was better under sadam according to sadr and his band of merry men

We could solve this B.S. very quickly if we could put out a press release that said "Alright, as you have requested, the U.S.A. will be removing its forces from Iraq and leaving for good. Also, the U.S.A. will be reinstating the former Bath party to its previous position of power. Enjoy..... (April Fools)".

People like Sadr are the first to complain and the last to do anything difficult to rectify the situation. If the U.S. had not removed Saddam, we would never have seen Sadr and his group of wannabes come up with the stones to overthrow Saddam. He is merely trying to achieve political gains by embarrasing the nice guy (the U.S.). He has no ability to do anything but cause trouble, and as we are a lot nicer than Saddam, so it causes us trouble. I have a feeling that his someday may be coming sooner than he thinks. Instead of a horse head he may be waking up with a dog or pigs head next to his pillow.

That day may not come soon enough.

Originally Posted by bambiebdgrl

Poor taste- too many of our soldiers are coming home wrapped in those flags.
Leann

I think most of the flags you see burning there are bed sheets painted as US Flags. And yes Leann, we are seeing far too many flag draped coffin coming back with our brothers, sisters, fathers, mothers, sons and daughter. We need to bring them home before we get to that point.