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

Originally Posted by kiko

SMALL DENOMS?? ARE THEY READY TO RV!!!


Tuesday 01 May 2007
Flights to transfer currency from the Rafidain Bank to a number of banks

Luna / Baghdad / The Iraqi company for banking services several trips to the transfer of currency to the Rafidain bank branches all over in Baghdad during the third week of April.

The source added that the branches are (Rustumiyyah, Haifa, Liberals, the White Palace, paradise, Khansa, Jerusalem, Al-Mansour, Diyala bridge, in essence, Karradat Maryam, the eastern section, Azwaih, projectors, Hotel Babylon, oil compound, Waziriyah, New Dawn), has moved the company private currency Rashid Bank and its branches, some branches of private banks, adding that the company has several flights outside Baghdad governorate to the Wasit governorate, including three special Rafidain Bank branches in the (Suwayrah, Wasit, the project) and another trip to the Rasheed Bank branch in (Nu'maniyah).

Excellent find... boy its getting interesting...Time for more RV practice drills with the family....

Originally Posted by rvalreadydang

Urgent news : the death of al-Qaeda leader in Iraq, the Egyptian terrorist Abu Ayub

أعلنت .Interior Ministry announced today, Tuesday, the killing of Iraqi al-Qaeda leader in Iraq.

.The news agency Reuters reported a spokesman for the Iraqi Interior as saying that Al Qaeda leader in Iraq Abu Ayub Egyptian had been killed in internal fighting among the organization in the north of Baghdad.

".Albrigadabd Karim Khalaf of the Agency, "We have intelligence reports confirming evidence said that the Egyptian was killed today
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Now this is worth a WOOT and a reval.....

Great find kiko. Whilst I don't buy into the $5 reval which would crash the CBI things are looking extremely good. IF this is the lower denoms it would tie in with all the money that has been bought back by the banks over the last 2 to 3 weeks and could well be the lower denoms.

Time will tell. Either way, it's a step closer.

[quote=kiko;194791]SMALL DENOMS?? ARE THEY READY TO RV!!!


Tuesday 01 May 2007
Flights to transfer currency from the Rafidain Bank to a number of banks

Luna / Baghdad / The Iraqi company for banking services several trips to the transfer of currency to the Rafidain bank branches all over in Baghdad during the third week of April.

The source added that the branches are (Rustumiyyah, Haifa, Liberals, the White Palace, paradise, Khansa, Jerusalem, Al-Mansour, Diyala bridge, in essence, Karradat Maryam, the eastern section, Azwaih, projectors, Hotel Babylon, oil compound, Waziriyah, New Dawn), has moved the company private currency Rashid Bank and its branches, some branches of private banks, adding that the company has several flights outside Baghdad governorate to the Wasit governorate, including three special Rafidain Bank branches in the (Suwayrah, Wasit, the project) and another trip to the Rasheed Bank branch in (Nu'maniyah). [/quote/.................................................. .................................................. ..........Good morning Kiko....did I miss something somewhere..are you saying that small denominations are going to reval before large denoms?

April 30, 2007
HP-380

Prepared Remarks of Ahmed Saeed
Deputy Assistant Secretary for Africa and the Middle East
On the Signing of the International Compact with Iraq

Nine months ago – on July 27, 2006 – the Government of Iraq and the United Nations announced the launch of the International Compact with Iraq. Under this initiative, the Government of Iraq reached out to key partners in the international community to establish a collaborative process for developing policy commitments to put its economy on a path to self-sufficiency and sustainable growth, while also creating safeguards to protect the most vulnerable groups in its society.

The Government of Iraq and the UN established a preparatory group to help develop the Compact, based on best practices and lessons derived from the experiences of other transition economies. Between July and December, Iraq consulted regularly with members of this group, including the World Bank, the IMF, and the Arab Fund for Economic and Social Development, as well as knowledgeable government officials from the Gulf, Europe, and Asia. The U.S. Government also played a strong supporting role.

The UAE and Kuwait each hosted preparatory group meetings, and the UN briefed its members on progress under the Compact on September 18, November 13, and March 16. The World Bank and IMF also hosted a Compact briefing during their annual meetings in Singapore in September 2006.

The final Compact document was presented at a meeting attended by over seventy countries and institutions and hosted by Secretary General Ban Ki Moon in New York on March 16. It is significant in many respects:

The Compact is comprehensive in scope, ranging from commitments to strengthen public expenditure management, to policies designed to improve health, education, and the environment. It is also underpinned by clear, measurable benchmarks.

The Compact commits to a number of significant unifying principles, including the adoption of policies to ensure that all Iraqis benefit from the country's vast hydrocarbons resource base, important anti-corruption practices, and the accelerated development of Iraq's private sector.
The Compact document was unanimously endorsed by the Cabinet of Ministers last December, establishing a clear consensus on the direction and strategy for realizing Iraq's economic potential.

The Compact has been a critical vehicle for Iraq's engagement with its neighbors – preparatory group meetings were hosted in the UAE and Kuwait, and the final signing is in Egypt.

The Compact has provided the Iraqi government an opportunity to draw attention to its own very significant economic accomplishments: a sound macroeconomic framework and management of inflation, adherence to the strict criteria of an IMF Stand-By Arrangement and reduction of fuel subsidies, bank restructuring, pension reform, passage of an investment law, and forward movement on hyrdrocarbons legislation and a revenue management law.

The next step is for Iraq and the international community to formally endorse this Compact at a Ministerial-level meeting in Sharm el Sheikh on May 3. At this event, participants have been invited to offer their support for the Compact. To be clear, this is not a gap-filling exercise: the international community has not been asked to meet a specific fundraising target. However, they have been asked to provide other forms of support.

Chief among them is debt relief. With Iraq's focus on financial sustainability, ridding the balance sheet of Saddam era debts is one of the most important, and prudent steps it can take. It is expected that Saudi Arabia will announce at Sharm el Sheikh a commitment to provide debt relief and that others, including, the UAE, will follow suit.

Other countries are expected to offer support in the form of loans, grants, and technical assistance. The United States will also offer a generous bilateral pledge.

Secretary Rice will attend the signing, supported by Treasury Deputy Secretary Kimmitt, who is also the President's Special Envoy on the Compact. The UN and Iraq expect the meeting to be attended by over 35 countries and organizations. Ministers will be attending from the UK, Germany, Italy, Denmark, Bulgaria, Poland, China, Korea, Saudi Arabia, the UAE, Bahrain, Kuwait, Egypt, Turkey, and Greece, among others. Other countries, including Russia and Japan, are expected to be represented at senior levels. UNSYG Ban Ki Moon will co-chair the event with Prime Minister Maliki.


http://www.ustreas.gov/press/releases/hp380.htm

Originally Posted by kiko

Tuesday 01 May 2007
Flights to transfer currency from the Rafidain Bank to a number of banks

Luna / Baghdad / The Iraqi company for banking services several trips to the transfer of currency to the Rafidain bank branches all over in Baghdad during the third week of April.

The source added that the branches are (Rustumiyyah, Haifa, Liberals, the White Palace, paradise, Khansa, Jerusalem, Al-Mansour, Diyala bridge, in essence, Karradat Maryam, the eastern section, Azwaih, projectors, Hotel Babylon, oil compound, Waziriyah, New Dawn), has moved the company private currency Rashid Bank and its branches, some branches of private banks, adding that the company has several flights outside Baghdad governorate to the Wasit governorate, including three special Rafidain Bank branches in the (Suwayrah, Wasit, the project) and another trip to the Rasheed Bank branch in (Nu'maniyah).

Kiko,Adster,

How are we getting smaller demons out of this?? I've read this 3 times and I am at a loss on where we would assume smaller denoms are in play. Am I missing something?

Originally Posted by noced71

Kiko,Adster,

How are we getting smaller demons out of this?? I've read this 3 times and I am at a loss on where we would assume smaller denoms are in play. Am I missing something?

Currency being transferred from the Rafidain Bank to other banks..........We know a load of dinars has been bought back by the banks in the last 2 to 3 weeks from the auctions. Before that nothing at all for several months. One could take an educated guess (as we know there are 5 denominations unaccounted for) that considering all the other news etc it may well be the new lower denominations that would be needed before a reval.

Originally Posted by Adster

Currency being transferred from the Rafidain Bank to other banks..........We know a load of dinars has been bought back by the banks in the last 2 to 3 weeks from the auctions. Before that nothing at all for several months. One could take an educated guess (as we know there are 5 denominations unaccounted for) that considering all the other news etc it may well be the new lower denominations that would be needed before a reval.

Thanks!!! You guys rock!

Originally Posted by Adster

Great find kiko. Whilst I don't buy into the $5 reval which would crash the CBI things are looking extremely good. IF this is the lower denoms it would tie in with all the money that has been bought back by the banks over the last 2 to 3 weeks and could well be the lower denoms.

Time will tell. Either way, it's a step closer.

Well Adster me old mate, looks like you're right. The $5 rate did just that - crashed the system.

Originally Posted by rvalreadydang

Urgent news : the death of al-Qaeda leader in Iraq, the Egyptian terrorist Abu Ayub

أعلنت .Interior Ministry announced today, Tuesday, the killing of Iraqi al-Qaeda leader in Iraq.

.The news agency Reuters reported a spokesman for the Iraqi Interior as saying that Al Qaeda leader in Iraq Abu Ayub Egyptian had been killed in internal fighting among the organization in the north of Baghdad.

".Albrigadabd Karim Khalaf of the Agency, "We have intelligence reports confirming evidence said that the Egyptian was killed today
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Wow..it has been determined that alot of the bombings are coming from Al Qaeda and not sectarian violence. This is great news. Hopefully this is an implosion of the organization. In-fighting is a sign of pending destruction in any group.