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

Saudi King Declines to Receive Iraqi Leader
By Robin Wright
30 April 2007 (The Washington Post)
In a serious rebuff to U.S. diplomacy, King Abdullah of Saudi Arabia has refused to receive Iraqi Prime Minister Nouri al-Maliki on the eve of a critical regional summit on the future of the war-ravaged country, Iraqi and other Arab officials said yesterday.
The Saudi leader's decision reflects the growing tensions between the oil-rich regional giants, the deepening skepticism among Sunni leaders in the Middle East about Iraq's Shiite-dominated government, and Arab concern about the prospects of U.S. success in Iraq, the sources said. The Saudi snub also indicates that the Maliki government faces a creeping regional isolation unless it takes long-delayed actions, Arab officials warn.
For the United States, the Saudi cold shoulder undermines hopes of healing regional tensions between Sunni- and Shiite-dominated governments and producing a new spirit of cooperation on Iraq at the summit, to be held Thursday and Friday in the Egyptian resort of Sharm el-Sheikh, the sources warn.
The Bush administration has invested significantly in the Egypt meeting, which Secretary of State Condoleezza Rice will attend. Army Gen. David H. Petraeus, the top U.S. commander in Iraq, said in a television interview last Thursday that the United States holds a "lot of hope" that the conference will serve as a catalyst for garnering regional and international support for solving Iraq's problems.
David Satterfield, the State Department's coordinator for Iraq, has been in the region for two weeks trying to broker behind-the-scenes agreements in the run-up to the summit. A debt-relief accord for Iraq is expected to be signed on the first day, and discussions among Iraq's neighbors are scheduled for the second day.
The official reason for the Saudi decision, Iraqi officials said, is that the king's schedule is full. But sources involved in the negotiations say the king is increasingly unhappy that Maliki is not doing more on reconciliation, despite pressure from the Arab world, the United States and other nations.
Saudi Arabia, ruled by a Sunni royal family, is concerned about the growing influence of Shiite-ruled Iran. The kingdom, guardian of Islam's holiest sites and birthplace of one of its most conservative ideologies, has been playing a more prominent role in regional affairs, so its snub is likely to resonate throughout the Middle East, Arab sources say.
Since taking office a year ago, Maliki's government has made repeated promises about reaching out to Iraq' s Sunni minority, addressing controversial laws and reconciling politically to end escalating sectarian tensions. But Sunni governments charge that nothing has been done. Arab diplomats said on Saturday that they had hoped that Maliki would come to the conference with a list of steps already taken, but that instead he will offer only more promises.
Maliki has visited the kingdom since taking office, but it was a ceremonial "get acquainted" meeting. He wanted a second meeting to address growing differences, Iraqi sources said.
The Saudi decision follows Abdullah's statement at an Arab League summit a month ago that the U.S. presence in Iraq is an "illegitimate occupation."
Before the conference, Saudi Arabia agreed to forgive 80 percent of Iraq's debt, which was accrued under Saddam Hussein. Much of it dates to Iraq's war against Iran in the 1980s. Washington and Baghdad had hoped that the kingdom would forgive all of it. Arab sources say Iraq may not get the degree of debt relief that it had expected.
The Saudi snub comes amid indications from Iranian officials that Foreign Minister Manouchehr Mottaki might not attend the summit -- which could undermine U.S. hopes of a potential meeting between Rice and her Iranian counterpart.
Last week, Rice appealed to Mottaki to come to Egypt, saying a boycott would be a "missed opportunity." During talks in Ankara, Turkey, European Union foreign policy chief Javier Solana appealed to Iranian national security adviser Ali Larijani to send a top official to Egypt. Iran said a final decision will be made on Monday, but initial indications are that Tehran may send a lower-level foreign ministry official, according to Iranian sources.
Iraqi sources said Turkish Foreign Minister Abdullah Gul is unlikely to attend the summit because he is now the ruling-party candidate for president.

Originally Posted by RollsRoyce

Yes, I saw it . . . and as TODAY is the end of THIS month . . . I wonder . . .

RR . . .

EXACTLY!

The end of THIS month is TODAY...That is how they usually mean it, when translated....very curious indeed!

Details Notes
Number of banks 17 -----
Auction price selling dinar / US $ 1269 -----
Auction price buying dinar / US $ 1267 -----
Amount sold at auction price (US $) 68.210.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 68.210.000 -----
Total offers for selling (US $) 1.000.000 -----

Gooooooooooooooood Morning Rolclub

Maybe today, maybe tomorow. We'll see what unfolds later today, but as for now here are the numbers.

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


9.2 Trillion taken out and still the Party has not started


1. "1" Dinar rate change today, it was 1270, it is now 1269

2. A (net) worth of dinars, IQD - 85,289,490,000 pulled out of circulation today 4/30/07.

3. 17 banks participating today

4. 133rd auction since the beginning of CBI's reval plan

5. 212 days into the CBI's reval plan. (SIX MONTHS+)

6. 9,261,716,621,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,738,283,379,000

7. "1,267,000,000" Dinars back into circulation today

8. 208 dinar change since Oct 1st (baseline was 1477) 14.082% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 1 point reduction in the rate so far this week. Was at 1270 at the end of last week, 1269 so far this week.

10. 4 point drop in the month of April. Ended at 1273 in March, now stands at 1269
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.
In April we saw a .3142% drop in the rate

And from many post on the historicity of Iraq revaling, it is usually annually on the 30th of April. Don't think this is a coincidence. JMHO

Remember about the US treasury asst. to Iraq, briefing today at 3 PM ET....

1269??yuck.

Originally Posted by RfxLady

And from many post on the historicity of Iraq revaling, it is usually annually on the 30th of April. Don't think this is a coincidence. JMHO

Multiply each of these SDR rates by $1.48 to get the rate the IMF deem what the dinars true worth is. And it's about to be updated.........7 May last year.....



Date Exchange Rate April 28, 2006 0.000460244 April 29, 2005 0.000451682 September 22, 2004 0.000466938 September 08, 2003 2.53758 April 30, 2002 2.53758 April 30, 2000 2.43852 April 30, 1999 2.38074 April 30, 1998 2.38881 April 30, 1997 2.3558 April 30, 1996 2.21848 April 30, 1995 2.04504 April 30, 1994 2.26323 April 30, 1993 2.26004 April 30, 1992 2.34852 April 30, 1991 2.39924 April 30, 1990 2.46985 April 28, 1989 2.48283 April 29, 1988 2.32407 April 30, 1987 2.46269 April 30, 1986 2.73556 April 30, 1985 3.24557
Member Financial Data ey1=460&date1key=2007-03-31&category=EXCHRT

Latest SDR Rate:
1 SDR =
1.52418 USD

Exchange Rate Archives by Month

Originally Posted by Adster

Multiply each of these SDR rates by $1.48 to get the rate the IMF deem what the dinars true worth is. And it's about to be updated.........7 May last year.....



Date Exchange Rate April 28, 2006 0.000460244 April 29, 2005 0.000451682 September 22, 2004 0.000466938 September 08, 2003 2.53758 April 30, 2002 2.53758 April 30, 2000 2.43852 April 30, 1999 2.38074 April 30, 1998 2.38881 April 30, 1997 2.3558 April 30, 1996 2.21848 April 30, 1995 2.04504 April 30, 1994 2.26323 April 30, 1993 2.26004 April 30, 1992 2.34852 April 30, 1991 2.39924 April 30, 1990 2.46985 April 28, 1989 2.48283 April 29, 1988 2.32407 April 30, 1987 2.46269 April 30, 1986 2.73556 April 30, 1985 3.24557
Member Financial Data ey1=460&date1key=2007-03-31&category=EXCHRT

Hello!
i get an error on cbi to!
0.19 would be very nice =D

safedinar showing real rate now