Thread: Iraq/Dinar News until April 26, 2007 Midnight cst.

CBI participates in first Iraqi Banking and Finance Conference
CBI, Commercial Bank International participated in the first Iraqi Banking and Finance Conference

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23 April 2007 (AME Info FZ LLC)

The conference called 'Banking in Iraq: The 21st Century Challenge', which was held at the Intercontinental Hotel, was organised by the US Agency for International Development (USAID)-IZDIHAR project, in association with USAID/Iraq Economic Governance II Program.

The conference which took stock of the developments in the Iraqi banking industry post April 2003, was a good opportunity for CBI to gain an excellent understanding of banks in Iraq, especially those in the private sector. The Bank also made use of its presence in Jordan by visiting some their Jordan-based clients in order to strengthen the relationship with them and had the chance to meet with potential clients.

The Iraqi Banking and Finance Conference also addressed issues facing the development of banking and explored the prospects and modalities of building a vibrant banking industry in Iraq. Among those who attended were representatives from the Ministry of Finance, Central Bank of Iraq, other Government of Iraq entities, regional regulators, Iraq private and state owned banks, regional and international banking groups, non-bank financial institutions, bank training organisations, international donors and selected international banking experts. This made it the ideal forum for CBI to approach some Iraqi banks, with a view to establishing new relationships with them.

Commenting on their participation in this important conference, Mr. Mohammad Saadeh, Head of Corporate Banking Group at CBI said:

'The Iraqi Banking and Finance Conference was an excellent forum for us to widen our global knowledge base on banking and banking practices in another country. We have had the opportunity to meet with some top banking officials in Iraqi banks and we hope that this will be the start of creating some fruitful business relationships for the future. The conference has been very eye-opening and incredibly informative. What we have learnt will go a long way towards helping CBI achieve greater expansion.'

CBI is a customer-centric bank that has made tremendous progress in the retail banking segment over the last year. The bank also offers securities and trading services and has a comprehensive real estate finance management subsidiary.

CBI participates in first Iraqi Banking and Finance Conference
CBI, Commercial Bank International participated in the first Iraqi Banking and Finance Conference which took place in Amman, Jordan.
United Arab Emirates: 4 hours, 8 minutes ago PRESS RELEASE

The conference called 'Banking in Iraq: The 21st Century Challenge', which was held at the Intercontinental Hotel, was organised by the US Agency for International Development (USAID)-IZDIHAR project, in association with USAID/Iraq Economic Governance II Program.

The conference which took stock of the developments in the Iraqi banking industry post April 2003, was a good opportunity for CBI to gain an excellent understanding of banks in Iraq, especially those in the private sector. The Bank also made use of its presence in Jordan by visiting some their Jordan-based clients in order to strengthen the relationship with them and had the chance to meet with potential clients.

The Iraqi Banking and Finance Conference also addressed issues facing the development of banking and explored the prospects and modalities of building a vibrant banking industry in Iraq. Among those who attended were representatives from the Ministry of Finance, Central Bank of Iraq, other Government of Iraq entities, regional regulators, Iraq private and state owned banks, regional and international banking groups, non-bank financial institutions, bank training organisations, international donors and selected international banking experts. This made it the ideal forum for CBI to approach some Iraqi banks, with a view to establishing new relationships with them.

Commenting on their participation in this important conference, Mr. Mohammad Saadeh, Head of Corporate Banking Group at CBI said:


'The Iraqi Banking and Finance Conference was an excellent forum for us to widen our global knowledge base on banking and banking practices in another country. We have had the opportunity to meet with some top banking officials in Iraqi banks and we hope that this will be the start of creating some fruitful business relationships for the future. The conference has been very eye-opening and incredibly informative. What we have learnt will go a long way towards helping CBI achieve greater expansion.'



CBI is a customer-centric bank that has made tremendous progress in the retail banking segment over the last year. The bank also offers securities and trading services and has a comprehensive real estate finance management subsidiary.

http://www.angelfire.com/ks/shotguns...vfn_screen.rtf

this is the only way i have to show you what im looking at on advfn.

Originally Posted by shotgunsusie

i am on advfn site with live trading on the monitor. you go to advfn, sign in, choose monitor, it brings up a live chart of trading via java. you must select the pairs you want to watch. 16040.0000 is what the usd/vnd pair is showing currenctly, down 3 dong but its not trading at the intervals that dinar is. dinar is following trading intervals exactly for the last 6 hours that i have watched it. i have usd/vnd, usd/nid, usd/iqd, eur/iqd, pairs all chosen to watch.

Thank you, Sus...got it. Got registered, removed all the other stocks and just put the pairs...Thanks again.

Iraqi Kurds play hardball on expanding territory
Published Date: April 22, 2007
By Robert H Reid

Iraqi Kurds have begun flexing their political muscle with new vigor, raising alarms in neighboring Turkey and increasing the risk of greater instability in Iraq's oil-rich north. The moves - among the most significant involving Kurds since the 2003 invasion of Iraq - have been largely overshadowed by the struggle to curb violence around Baghdad, but they could have a strong impact on Iraq's future, including whether it remains a united country. Kurdish boldness also comes at a critical time for Turkey, which is facing a growing threat in its own Kurdish region from separatist guerrillas raiding out of northern Iraq and has a presidential election coming up that could aggravate tensions between Islamist and secular Turks.

The fallout already has shaken relations between the United States and Turkey, a long-time ally increasingly frustrated that the overstretched American military in Iraq cannot crack down on Kurdish guerrillas. That has the United States in a bind - "unwilling to open a new front in northern Iraq. Nor can it afford to lose its support from Iraq's Kurdish population," said Dr. Andrew McGregor, a security analyst and Kurdish expert in Canada, writing on the website of the Jamestown Foundation, a conservative think-tank.

At the centre of the fight are Kurdish aspirations for the ancient city of Kirkuk, the centre of Iraq's northern oilfields. The Kurds want to incorporate Kirkuk into their self-governing region in northern Iraq. They won a major concession in March when they pressured the government of Iraqi Prime Minister Nouri Al-Maliki into approving plans to move thousands of Arabs out of Kirkuk and resettle them elsewhere. The program targets Arabs who moved to Kirkuk after July 14, 1968, when Saddam Hussein's party took power. Saddam sent thousands of Arabs, many of them impoverished Shiite Muslims from the south, into Kirkuk to dilute the Kurdish presence there.

The Kurds' aim is to reduce the Arab population of the city before Kirkuk residents vote later this year whether to join the Kurdish self-governing region. Opponents hope to delay the referendum or cancel it altogether. They fear that gaining control of Kirkuk would lead the Kurds, who make up 15 percent to 20 percent of Iraq's population, to set up an independent country entirely.
Nevertheless, the opponents within Al-Maliki's administration caved in after the Kurds threatened to resign from the Cabinet - a move that would have spelled the end of the fragile, US-backed governing coalition. "For the Kurds, Kirkuk is nonnegotiable," said Dr Soner Cagaptay of the Washington Institute for Near East Policy. "Violence will only continue and spike toward the referendum." The Kurds used similar hardball tactics in February to win concessions granting them a major say in what companies are granted rights to exploit Iraqi oilfields in Kurdish-controlled areas.

But the March decision on relocation was even bigger, sending shock waves into neighbouring Turkey, which has long feared the rising stature of Iraqi Kurds will further embolden Kurdish guerrillas fighting for self-rule in southeastern Turkey. The insurgent Kurdistan Workers Party, or PKK, use bases in northern Iraq to launch attacks into southern Turkey, and Turkey is growing angry over the failure of US and Iraqi forces to curb the attacks.

After the Iraqi Cabinet's decision to relocate Arabs from Kirkuk, Turkey warned publicly that its interests in the region cannot be ignored. The hardline head of Turkey's military, Gen Yasar Buyukanit, went further, requesting permission last week to attack Kurdish guerrillas inside Iraq. Turkey's government isn't likely to approve, but the request alone has strained relations between Ankara and Washington. The president of Iraq's Kurdish self-governing region, Massoud Barzani, further angered Turkish leaders by warning that Kurds "will not let the Turks intervene in Kirkuk." Some analysts believe Barzani pushed for the Arab relocation plan because he fears the US might block the referendum on Kirkuk's status, both to ease ethnic tensions and placate Turkey.

"He's trying to create a sense of inevitability that would make it impossible for the (US) administration" to stand in the Kurds' way on Kirkuk, said Mark Parris, a former US ambassador to Turkey. Barzani also may have timed his move to exploit political uncertainty in Turkey, as the Islamic-leaning prime minister seeks to be president, raising fears of serious friction with the secular-minded Turkish military. Barzani also may be using the PKK guerrillas as leverage in exchange for Turkey's acceptance of a Kurdish-controlled Kirkuk. "The one card (Barzani) has to deal with the Turks is the PKK," Parris said. "He could tell them, 'Don't forget, I'm the only guy who can solve your PKK problem'." -- AP

Rice: Iran should attend Iraq conference
WASHINGTON April 23 (UPI) -- U.S. Secretary of State Condoleezza Rice said she wants Iran to attend an upcoming international meeting on the future of Iraq.
Rice told the Financial Times it would be a "missed opportunity" if Iranian Foreign Minister Manouchehr Mottaki did not attend the May 3-4 meeting in Egypt.

Rice's comments seemed to indicate that Washington was ready for a serious dialog with Tehran about Iraq, the Financial Times said.

Iran will decide whether to attend the conference after meeting with Iraqi officials this week, a foreign ministry spokesman said.

The conference is to include Iraq's neighbors, permanent members of the U.N. Security Council and the G8 industrialized nations.

Rice also told the Financial Times that the Bush administration is not looking for a regime change in Iran but to "have a change in regime behavior."

Iraqi PM arrives in Cairo to start regional tour before int'lmeetings
Last Updated(Beijing Time):2007-04-23 14:42

Iraqi Prime Minister Nouri al-Maliki arrived here Sunday on a visit to Egypt, starting a regional tour for preparatory talks ahead of two international conferences on Iraq in early May on ways to help the war-torn country, the Egyptian MENA news agency reported.
Maliki is scheduled to meet with Egyptian President Hosni Mubarak and Arab League Secretary General Amr Moussa later in the day for talks on recent developments in Iraq, bilateral relations and means to activate the Arab role in supporting Iraq and pushing forward the political process in the Arab state.

After talks in Egypt, Maliki is expected to visit Saudi Arabia, Kuwait and other regional states for preparatory talks ahead of the meetings to be held in the Egyptian Red Sea resort of Sharm el-Sheikh on May 3-4, according to Iraqi officials.

Iraq's neighboring countries conference will be attended by Egypt, Turkey and Jordan along with the permanent members of the UN Security Council and the G8 members, MENA said.

Another international meeting for the International Compact with Iraq, which is a larger group, also would be held in Egypt back to back to the first meeting.

About 50 countries will take part in the International Compact meeting with Iraq.

Earlier, Iraqi Foreign Minister Hoshyar Zebari said that the meetings aim to engage Iraq's Arab neighbors and the international community constructively in helping the Iraqi government restore stability and reconstruction.

Originally Posted by shotgunsusie

i am on advfn site with live trading on the monitor. you go to advfn, sign in, choose monitor, it brings up a live chart of trading via java. you must select the pairs you want to watch. 16040.0000 is what the usd/vnd pair is showing currenctly, down 3 dong but its not trading at the intervals that dinar is. dinar is following trading intervals exactly for the last 6 hours that i have watched it. i have usd/vnd, usd/nid, usd/iqd, eur/iqd, pairs all chosen to watch.

Hi SGS, don't know where to ask this question, so move it if needed.
Iraq is third in the world, or possibly first in OIL reserve. wouldn't that factor have a major influence on the value of the Dinar. If the Dinar was valued at $3.22USD to 1 dinar during Sadams error, when they were exporting 2mbd in oil, wouldn't 3mbd (which is what they are aiming at this year)make the Dinar higher then that $3.22 figure, and at 6mbd couldn't it almost triple the Dinar rate to around $10.00.
I read on the RC maybe it will hit a $1.00, or $2.41 which most seem to think impossibly high.

Also, do you, or does anyone know at what rate Kuwait pegged at from the 10cent mark, what did it start at.

And on March 19th Adster posted:British Spy Discovers the largest field of Iraqi oil in the world! Event : economic capacity of 20 million barrels a day British Spy discover the largest field of Iraqi oil in the world
What ever happened with that story, I saw it once, and it was never commented on...
Thanks, Barbara

U.S. OFFICIAL CRITICIZES IRAQI KURDS
During an interview with Al-Arabiyah satellite television aired on April 21, senior adviser to U.S. Secretary of State Condoleezza Rice David Satterfield blamed Iraqi Kurds for a recent increase in tensions with neighboring Turkey. He accused the Kurds of not doing enough to prevent Kurdistan Workers Party (PKK) rebels, based in northern Iraq, from crossing the border into Turkey to carry out attacks. "The Kurdistan leadership must do more to address this problem of terror and terrorism," Satterfield said. On April 7, Kurdistan region President Mas'ud Barzani said Iraqi Kurds could intervene in Kurdish-majority cities in Turkey if Ankara continued to oppose Kurdish ambitions to annex oil-rich Kirkuk (see "RFE/RL Newsline," April 10, 2007). Barzani's remarks have incensed Turkey, where more than 37,000 people have been killed since 1984 in fighting between Turkish security forces and PKK fighters. In response to Barzani's comments, Turkish Prime Minister Recep Tayyip Erdogan said Iraqi Kurds would "pay a heavy price" if they interfered in Turkey's affairs. SS

Just throwing my tuppence in here. Iraq could not currently support an initial $3.22 reval. No doubt they intend to return to that rate but not yet. But they certainly could 'cover' a 1 to 1 reval which I believe is the rate we will cash in.