Thread: Iraq/Dinar News Until 5/3/07 Midnight CST.

Originally Posted by goldraker

0.31 or so sounds & seems like a start! That would be 300+K per mil. Not 1 to 3 USD mil per mil!

where are you gettin thirty one cents? .31 is the fraction of the dollar that the dinar was worth.

Originally Posted by rvalreadydang

All i can say is

And that's all that needs to be said....lmao

Number of banks 14 -----
Auction price selling dinar / US $ 1270 -----
Auction price buying dinar / US $ 1268 -----
Amount sold at auction price (US $) 51.530.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 51.530.000 -----
Total offers for selling (US $) 1.000.000 -----


Gooooooooooooooood Morning Rolclub
and a Good Morning to Mac in Honolulu, nice to see you on 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 - 64,173,100,000 pulled out of circulation today 4/29/07.

3. 14 banks participating today

4. 132nd auction since the beginning of CBI's reval plan

5. 211 days into the CBI's reval plan. (SIX MONTHS+)

6. 9,176,427,131,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,823,572,869,000

7. "1,268,000,000" 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. 0 point reduction in the rate so far this week. Was at 1270 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.

Looks like next month is gonna be a fun one for us!!!

Love it when Shabibi talks like that....

"Bring it on" Mr. Shabibi. I have 6hrs surgery on May 25. I want to go in "Rich" and return home "Rich" I am little excited

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Morning economic : the magic key to solve crisis

Economists people combines science and knowledge on the possibility of resolving the economic situation and find a solution to several problems are interrelated, through activation of the housing sector.

Such a step, if taken by the State will work to achieve accelerated turnover capital format, which contributes to the solution of many interlinked crises .. كيف؟How?
When launching implementation of a planned residential complexes according to a medium-term plan, it means that the operation of a number of economic sectors including the construction sector, which would contribute to absorb idle hands and this is the goal of the most important priorities targeted by the State in resolving economic problems.
It follows that the operation of many of the plants and factories, construction materials, which suffered complete paralysis and the other will contribute to the polarization supported idle again.
قThe transport sector is the backbone of the national economy will do, and to facilitate the movement of construction materials to and from project sites.
The banking sector is another, through the investment of its assets, which would have returns on investment, and this goal is achieved if the State has adopted a proposal citizen indirect lending through the Ministry of Housing and Construction.
The summary of this proposal that there be coordination between the Ministries of Housing, Finance and Industry, Trade and the Secretariat of Baghdad and municipalities to implement this project, according to the mechanisms and conditions for a simple declaration that the cost of a housing unit and the citizen to pay one quarter of the cost, while the rest of his predecessor, the Land Bank and other banks paid in the form of annual installments for ten years, for example, after payment can be lifted reference arrest and transfer of property to the citizen.
The application of this proposal or experience categories and strata of society, including staff and Doualdkhal limited, medium and small craft owners.
Other objectives achieved by activating the housing sector is the revitalization of the service sector also because the state will not bear the damage services in the future in light of the new changes and the mechanisms imposed by the transition from a totalitarian state which provides everything to a free operating systems according quite different from the old.
Another goal from behind the experiment, the state will be able to solve the problem of trespassing on the property transparently high untapped by citizens illegally, as this solution will provide new investments in the state capital of the great virtue is Almvkaddouh described in the present.
We believe that this mechanism will be very successful if we combine efforts and studied in depth the feasibility and economic optimum, then solve crises and the problems of unemployment, housing, services, transport, squatters on state property and revitalize and activate the industrial sector and the banking and service alike.
Then sincerity experts went to the housing sector a priority in solving the most crises economy Designed for the life of citizens is the magic key to ease bottlenecks that the economy is suffering from Therefore, the need calls for speedy implementation of this important project.

Economic morning : an economic expert : necessity tend to cancel the ration card and compensation amounts of money from

The Trade Ministry denied the cancellation and confirmed adherence support
Baghdad Abbas Algalbi
With Egyptian Ministry of Trade on the tongue of the Minister Dr. Abdalvlah Sudanese rumors recently on the cancellation of the ration card, an economic expert opinion that the economic situation and living of its citizens requires the cancellation of the ration card and compensation amounts of money from oil imports or improve its terms with the adjustments to the salaries of people with limited income

The government on its part to support the ration card, the amount of four billion dollars within the general budget for 2005 and dropped to 500 ,3 billion in 2006, while three billion dollars for the current year 2007 as government faces international pressure from the International Monetary Fund to raise this support as part of the economic reforms required to reduce the debt overhang on Iraq.
Economic expert Yahya al-Fahad suggested in the study prepared by the Ministry of Planning and Development Cooperation to distribute money from the oil revenues at the level set by the family of 50 dollars to 275 dollars per family per case be oil exports from one million to 10 million barrels a day with the need to support people with limited income by increasing their monthly salaries to meet the exorbitant cost of living, taking into account such compensation according to the desire of the citizens and the option between survival ration card or compensation amounts specified above.
He said Fahad Al (morning) : The cancellation of the ration card consequent reduction Bdouha paragraphs transportation, storage and smuggling to neighboring countries and provide hard currency and stimulate local production and provide employment and the elimination of an important part of unemployment and create cooperative societies to provide subsidized consumer goods to the citizen as well as providing durable goods for poor families and the opening of supermarkets.
He continued : "The abolition of this principle works on the expansion of domestic and external trade and expansion of the movement and operation of the vendors singular small and medium industries and increase domestic production, pointing out that the ration card cost 15 dollars per person per month with the science that could be purchased from the local market, eight dollars a difference of only seven dollars.
He pointed to the need to Fahd seeking to activate the productive sectors, especially the industrial and agricultural making increase in the production of wheat and barley crops, rice and livestock production and vegetable and fruits, vegetables and meat production, including moving to the development of these important sources in the Iraqi economy and meet the needs of consumers and to export the future, especially meat production , which is undesirable as saying in the Arab Gulf states, compared to the meat of Arab and other foreign.
He called for the importance of developing effective policy to protect Iraqi products by raising the tax on imported raw materials, particularly within the production process and industrial development tax on goods and food products, clothing and footwear imports to support domestic product corresponding emphasizing the work not to make the Iraqi market consumer market plunging commodity foreign.
He alluded to the policy of support for local products and industries after re-activated and infrastructure conducive to the reduction of unemployment and achieve steady growth of the economy and the equitable distribution of income and achieve
Prosperity for the Iraqi people and achieve revenues other than oil revenues from productive sectors actors including agricultural, industrial, tourism and other businesses.
He suggested that the trap is to make the Iraqi oil quota of 25% of the proceeds of Iraqi oil for a family, 25% to save succeeding generations from the vagaries of the market and 50% of the budget of the current expenditure and investment broken down by provinces, compared to the population of each province and the various economic activities and investment.
Under these proposals we reaffirm the government to move slowly towards the support of the ration card at the very least for the time being and their adherence to walk to the implementation of the present allocation of three billion dollars within the general budget for 2007 has receded believe that this support is also clear indicator decreased gradually from in 2005 and so far in the quest to raise this support entirely within the coming years.

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Economic : Iraq's economic relations with world countries

Suhail Abbasid
Preferred all States that have national sovereign decision in the management of its various matters, and especially in matters that the economic expansion base their dealings with the largest possible number of countries of the world and not (laying the eggs in one basket) and if necessary to some extent in poor countries or rich medium How case the rich nations such as Iraq

Ford said that the American cars before Nuri Said May God rest his presentation was to hold with a commercial transaction whereby restricted for a period of twenty years import needs from Iraq, the company above only car company in return for an undertaking Petbelet all streets in the cities and districts and aspects of Iraq and specifications are good and free only The (Basha), and after consultation with the people of knowledge and opinion rejected this offer in anticipation of the monopolistic situation that will prevail Iraqi market for cars by this and cope with this monopoly of the benefits of the company for a period longer than the duration of the contract represented in the import of spare parts and restricted by the flooded Iraqi markets without other and add to the experience professionals and craftsmen in the perpetuation of auto repair and teach those who are younger and that will only company mentioned. the seller always looking for the buyer to gain through offers of goods fill the need good specifications according to the likes and marketing policy is always to create demand There was no problem in supply especially for States economically prosperous. and it old fathers and grandfathers before them, they say (in Japanese Flusk and select the goods it wanted not only to one vendor), in the light of these simplified things and correct the Iraqi Foreign economic relations with world countries must start from the principle that organ and that the captive its political relationship with certain States without others because of colonialism, which left the military compelled States colonized went to colonization economically lurked have exited drift narrowly returned and entered from a wide door. The economists in the whole world that Iraq is a rich and the top of the list of rich not only in oil but in other economic resources and agricultural and industrial tourism. So, the policy orientation to countries other than traditional ones, such as the United States, Russia and some European countries is not even necessary at this stage to La Paz to be phased devoid of jumps and parameters purely economic and not orientation, this time for Asian countries that have proven their growth and Azdehrha economically, in the forefront of Japan It was the giant that has invaded most economically advanced countries such as the United States and some European countries, which have been able to be the trade balance in its relations with the United States in particular is in their favor (ie Japan), and have high rates (yen) Japanese currency exchange rates high and stable compared to the other currencies strong and invaded Japanese goods (in techniques computer and auto industry small) American markets in their own backyard, despite the fact that Japan does not have the history of civilized states and Amoard and natural resources such as oil and mineral and agriculture being famous volcanic land but which make these economic capacity is beyond reason Japanese scientifically and administratively and organizationally to adapt other elements of production The instrument under the command of administrative work in a structured and organized system based on the loyalty and dedication of the institution or project, and after production of the nation and to create an industrial giant and it behooves us in Iraq that after we have had two of the East and West to open the window pure wide on Japan to establish strategic economic relations with far-reaching various aspects and trends in the forefront of the infrastructure sector, reconstruction and construction, water and electricity, roads and other services needed to be gradually spread to include all other actors beneficiaries of Japanese technical and very sophisticated but as we have already said all this with a certain, but not complete La Paz to be equally or amount (room for some) the beginning for the purpose of avoiding economic dominance and the slogan is the diversity of economic relations with world countries and not selective in our hands and our independent away from the pressure and make the world made us seek competitive among themselves to come Anttaghaeatna correct and impartial and in the interest of our people and our nation May God be with us and take us towards goodness.

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Economic: the activation of commercial relations between Iraq and the world

Baghdad-Sabah.
The Ministry of Commerce said that next month will witness the implementation of a special program to activate trade relations between Iraq and various countries around the world.
The source in the ministry said in a press statement

This program prepared by the government would include all countries of the world, especially the neighboring countries to develop economic and commercial relations with India as there will be a bilateral joint committees with those States as well as increased business contracts .. He added : "The coming days will witness the encounters between the Iraqi government delegations, and a number of countries of the world, especially the neighboring countries Research papers in the joint work between Iraq and those countries, stressing : "Iraq's desire to develop all economic and trade relations with world countries and the relations that were cut during the past years to gain experience various countries of the world in the development of the economy and support the private sector and take advantage of the investment law approved months ago. recalls Iraq is seeking to join the World Trade Organization after obtaining observer status in the organization in a step considered a prelude to reviving the Iraqi economy, Iraq reconstruction

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sorry for repeating these posts but they are all so sweeeeeet i could read em over and over again!!!!

Originally Posted by shotgunsusie

where are you gettin thirty one cents? .31 is the fraction of the dollar that the dinar was worth.

Actually, it's the fraction of the dinar that the dollar was worth.