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

Number of banks 14 -----
Auction price selling dinar / US $ 1270 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 36.575.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 36.575.000 -----
Total offers for selling (US $) ------ -----


Gooooooooooooooood Morning Rolclub


"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"


9.1 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1270, it is now 1270

2. A (net) worth of dinars, IQD - 46,450,250,000 pulled out of circulation today 4/26/07.

3. 14 banks participating today

4. 131st auction since the beginning of CBI's reval plan

5. 208 days into the CBI's reval plan. (SIX MONTHS+)

6. 9,112,254,031,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,887,754,969,000

7. "0" Dinars back into circulation today

8. 207 dinar change since Oct 1st (baseline was 1477) 14.014% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 2 point reduction in the rate so far this week. Was at 1272 at the end of last week, 1270 so far this week.

10. 3 point drop in the month of April. Ended at 1273 in March, now stands at 1270
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
In March we saw a .546% drop in the rate.

As Iraq is debating a new law that will set guidelines under which authorities can negotiate with foreign oil firms, several energy-hungry countries in Asia hope to be among the first to sign contracts to explore the world's third largest oil reserves.

By the end of this month, the Iraqi parliament is expected to decide on a new oil law. If passed, the legislation will allow Iraq to sign contracts with foreign companies for the exploration and production of the country's vast untapped reserves.
Some energy-hungry countries in Asia - such as China, India, Vietnam and South Korea - are hoping they will be among the first to take advantage of the new law. Iraq, in urgent need of foreign investment, is actively courting countries in the region.
Earlier this month, Iraq's Prime Minister Nuri al-Maliki visited South Korea and Japan and invited investment in his country's reconstruction, including the oil sector. Iraqi and South Korean oil ministers signed a memorandum of understanding to cooperate in the development of Iraqi oil fields.
Employees work at Sheaiba oil refinery, west of Basrah, Iraq (File) Tokyo pledged a loan of more than $850 million for the building of an oil export facility in Basrah, as part of a wider aid package for Iraq. Clara Tan is an energy sector analyst with Singapore-based Energy Intelligence. She says Japan hopes its generous aid pledges will be rewarded with access to the country's oil reserves.


"I think part of that is - I will give you access to my energy sector and I hope that you will help me in terms of financing loans or in terms of technology expertise," Tan saidl
Some analysts think Iraq's first foreign contract to develop oil resources may not go to American and British oil companies but to China, a country that sat out the Iraq war.
Clara Tan says Beijing is discussing the revival of an oilfield deal it signed in the midst of U.N. sanctions that barred direct dealings with Iraq's oil industry.
"China has a contract signed a few years back under the old regime under Saddam Hussein," she said. "Now they are looking at renegotiating the contract, so talks have been going on for some time, so they have visited China and China has come to Baghdad to talk to them on the renegotiations." Iraq's tense security situation is one of the biggest obstacles for foreign companies wanting to explore the country's oil fields.

Iraq, Int''l Compact meets next week

The United States will continue to work with other countries on debt relief for Iraq as the International Compact with Iraq prepares to meet next week, State Department deputy spokesman Tom Casey said on Wednesday.
The government of Iraq and the United Nations co-chair the International Compact.
During a regular State Department briefing, Casey noted that debt relief has been part of the effort to help Iraq move forward since 2004.
"The Paris Club made a decision to ask for 80 percent as a minimum level of debt forgiveness for Iraq among its members, and that is something that a number of countries have already acted upon," Casey said. "But it is certainly an issue that we continue to discuss with many countries in the Paris Club, and certainly something that we do want to see people live up to that Paris Club commitment on." The Saudis have made some announcements in that regard, "and we are very pleased to see that," Casey said. "And we will certainly be continuing to work with other countries as we move closer to next week's compact date, as well as beyond that, to see that they carry out those agreements." The compact is not simply a debt relief agreement, but is designed to provide a variety of different kinds of support "in part in response to the Iraqis' own ability to meet the commitments they have set out for themselves in terms of economic reform," he said. "But obviously one of the many components of helping to improve the lives of Iraqis and helping them develop a stable democratic society is the ability to move forward economically, to provide jobs for people, to give opportunities to the people in Iraq, and to have a fully functioning and developed economy. And the compact and the agreements that are reached under it are part of that effort." David Satterfield, senior adviser to Secretary of State Condoleezza Rice and the U.S. coordinator for Iraq, has been traveling in the Middle East this week talking with not only Iraqi officials "but friends and neighbors, and certainly is doing so now as we move toward next week's meeting not only of the compact, but of the neighbors group as well," Casey said, referring to the Iraq neighbor's conference scheduled to take place in Sharm el-Sheikh, Egypt.
Satterfield is urging officials to do all they can "to help support the Iraqi government, and again, not only on those sorts of economic issues that are related to the compact, but also on some of the broader political questions," which is part of the agenda of the neighbors conference in Egypt next week, Casey said.
Links of Interest:

• US Department of State
• CIA World Fact Book
• Operation Iraqi Freedom
• Energy Information Administration
• Coalition Provisional Authority
• US Treasury - Financial Management Services
  
  
• 2006 INVESTMENT CLIMATE STATEMENT - IRAQ
• New Iraqi Dinar

View Latest News On Iraq

26 Apr 2007 15:52:45
Tour 24
Maliki back to Iraq

Now we can RV. :)


GOI working with the Russians:

Russian-Iraqi cooperation in oil sector
Baghdad (NINA) – Iraqi Oil Minister has called on Russian corporations to join other highly acclaimed international companies in the competition for oil projects in Iraq such as developing oil fields and building refineries all over Iraq once the hydrocarbon law is enacted. During a meeting with...SUBSCRIPTION NEEDED

Originally Posted by Adster

I got that last article off IIF with the comments from the person left on it mistakenly! Very unlikely to happen. Don't worry.

Final vote is today....Bush is stating he will VETO if it's passed; their are not enough Democratic votes to shut down his VETO....

come on RV!!!!

Originally Posted by cooldolphins

ditto!!

and a duck make 3 ......... oh please oh please

Turning the corner in Iraq


Al-Qaida has hit back with its own 'surge'. But for the US, grounds for optimism are rising

Frederick Kagan
Tuesday April 24, 2007
The Guardian


The new effort to establish security in Iraq has begun. At this early stage, the most positive development is a rise in hostility to al-Qaida in the Sunni community. Al-Qaida has responded with its own "surge", which so far has not revived support for the terrorists or reignited sectarian violence. The coalition has also made unexpectedly rapid progress in reducing the power of Moqtada al-Sadr, killing or capturing more than 700 members of his Mahdi army. At the same time, the rhetoric of the Iraqi government has changed dramatically, and there are indications among Iraq's Arabs of an increased willingness to attempt reconciliation. Meanwhile, some challenges are intensifying; Diyala province in particular poses serious problems. But on balance, there is reason for wary optimism.
Sectarian killings began to drop significantly in January, and remain well below their December level (although they are now somewhat higher than at the start of current operations). The continuing terror campaign is tragic, but it has not yet reawoken the widespread sectarian conflict that was raging as recently as the end of last year.

One of the things that struck me on my visit to Iraq this month was a growing Iraqi desire to exercise sovereignty. The insistence on evidence rather than intelligence as the basis for arrests reflects a desire to see the rule of law functioning. So does the establishment of a chain of command under the control of the Iraqi prime minister, Nouri al-Maliki. So does his appointment of subordinates in whom he has confidence, even when we prefer others. This burgeoning sense of Iraqness can be seen beyond central government. Pictures of the recent Sadrist demonstration in Najaf showed many people carrying Iraqi flags and few carrying pictures of Sadr. The movement's strategists clearly felt a need to show they are Iraqis rather than followers of a particular leader.

Can America succeed in Iraq? Definitely. Will we? It's too soon to say. The most that can be said now is that we seem to be turning a corner. Last December most of the trends were bad. Today many are positive, despite the daily toll of al-Qaida-sponsored death. This reversal results from our own actions, from enemy mistakes, and from positive decisions by potential spoilers. Our actions are proceeding in the right direction, as our forces work skilfully to establish order and support reconstruction. The enemy is maintaining the strategy that led to its difficulties in Anbar province: ruthlessly attacking Sunnis and Shias in an effort to terrorise populations into tolerating its presence. And the key potential spoilers are holding to their vital decision to call for sectarian calm rather than sectarian war.

Americans have been subjected to too much hyperbole about this war from the outset. Excessively rosy scenarios have destroyed the credibility of the administration. The exaggerated certainty of leading war opponents that the conflict is already lost is every bit as misplaced. Too much optimism and pessimism has prevented Americans from accurately evaluating a complex, fluid situation.

Today victory is up for grabs, and the stakes for America are rising as the conflict between us and al-Qaida shifts to the fore. It is no hyperbole to recognise that a precipitous American withdrawal would undermine the positive trends and increase the likelihood of mass killing and state collapse. Painful and uncertain as it is, the wisest course now is to support our commander, soldiers and civilians as they struggle to foster security in Iraq and defeat the enemies who have sworn to destroy us.

· Frederick W Kagan is the author of Finding the Target: the Transformation of the American Military. A longer version of this article appears in the latest issue of the Weekly Standard weeklystandard.com

Technical equipment to detect explosives seized three cars
(Voice of Iraq) - 26-04-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

On the first day of operation .. Technical equipment to detect explosives seized three cars and a bomb exploded.


Baghdad / Qais bars.
A Major General Jihad Gabri Director of the Directorate of explosives in the Interior Ministry resulted in the discovery of three car bomb and an explosive device on the first day of memorial services for the detection of car bombs and explosives.
This came in a statement by the (long) on the sidelines symposium held by the Directorate of Information and Relations at the Ministry of Interior yesterday on (the role of media discourse in achieving security and stability). He added Gabri had been arrested three motorists have been disclosed and that the investigation is under way with the intention of referring to the ministry to update the advanced technical equipment in the detection of explosives and that work is under way to import these devices.

Meanwhile, Brigadier Abdul-Karim Khalaf media spokesman at the Interior Ministry from expelling more than fourteen thousand associate of the ministry and transfer some of them to justice for their involvement in acts of administrative corruption and abuse of influence, forgery and theft and sabotaged

Mr. Finance Minister, receives a number of conservatives Messrs.
(Voice of Iraq) - 26-04-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

A press
بغـــــــــــــــــد اد
26/4/ 2007
In the framework of following up the implementation of the budget 2007, including the best way to achieve the implementation of projects in the provinces, has received Mr. Baker Jabr al-Zubaydi, Finance Minister Mr. Ali Al Ghaban adviser to the vice president, and Messrs. Governors Najaf, Babylon, Samawah and Baghdad Secretary and the Chairman of the reconstruction of Najaf and chairman of the reconstruction of Babylon and head of the project Babylon 0
It was extended during the meeting to discuss ways of improving the implementation of projects in the provinces mentioned strategic outlook and removing the obstacles that hinder the implementation has been reviewed by Messrs. conservative actions taken to implement the project in coordination with the engineering and consultancy and the preservation, which had resulted in the launch of several projects that will lead to the upgrading of reality in the service and maintenance operation manpower which contributes including the elimination of unemployment and enhance security situation where 0
For his part, Mr. Minister praised these efforts and stressed the support of the Ministry of Finance through the launch of the amounts allocated in the budget so as to ensure the rapid delivery and emphasis on the quality and accuracy of work in the completion of projects 0
He stressed by the Minister of Finance on the need to involve the private sector in the implementation of projects in the provinces, especially from the service so as to achieve rapid delivery and secure operation of manpower Iraqi 0

Media report to the Ministry of Finance
(Voice of Iraq) - 26-04-2007 | Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

Media Bureau
Media report to the Ministry of Finance
Baghdad
26/4/2007
The Public Authority for taxes issuing annual book containing all the resolutions, instructions and circulars also own employees for the years 2005 and 2004, both the income and property, this body has issued a supplement in the newspaper Sabah is entitled (Astiratejeh tax in Iraq to mark the 80 year on the first legislation of tax law in Iraq, and working Public Authority for tax work for the advancement of the tax, which would maximize the resources of the State has achieved the total income tax (1332842982) dinars Mliarothelathmaeh and thirty-two million, eight hundred and forty-two thousand nine hundred and Eighty-two dinars during the fourth week of last March, and that revenue from the real estate and land and carve a profession and corporate 0

The Ministry of Finance with the ministries participating in the fifth session of the Technical Committee on Liberalization of Foreign Trade and Economic Globalization in the ESCWA countries, the ministry also follows the meeting of the Economic and Social Council, which is hoped held at the United Nations headquarters in New York 0

It is hoped that involved the Public Authority for taxes in the workshop, which will be held in Beirut under the title of VAT as well as its participation in a workshop to be held in the UAE under the title (tax policy) 0

The National Insurance Company achieved premiums for various types of insurance (3665) three million, six hundred and sixty five thousand dinars during the third week of April this year, the company has insurance to the different acts and insurance services offered to employees of the Ministry of Justice document insurance coverage for personal accident and collective the risk of accidental death an accident or death caused by terrorist acts 0