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

Iraq Lawmakers' Vacation Plans Draw Fire
By ANNE FLAHERTY, Associated Press Writer
3 hours ago

WASHINGTON - Lawmakers divided over whether to keep U.S. troops in Iraq are finding common ground on at least one topic: They are furious that Iraqi politicians are considering a lengthy break this summer.

"If they go off on vacation for two months while our troops fight _ that would be the outrage of outrages," said Rep. Chris Shays, R-Conn.

The Iraq parliament's recess, starting this July, would likely come without Baghdad politicians reaching agreements considered key to easing sectarian tensions. Examples include regulating distribution of the country's oil wealth and reversing measures that have excluded many Sunnis from jobs and government positions because of Baath party membership.

Talk of the adjournment comes amid a heated debate in Congress on the pullout of U.S. troops in Iraq.

President Bush this week vetoed $124.2 billion legislation ordering troops to begin leaving Oct. 1. Failing on Wednesday to gain a two-thirds majority needed to override the veto, Democrats were expected to begin negotiations Thursday with top White House aides on the next step.

Numerous possible compromises are being floated on Capitol Hill, all involving some combination of benchmarks. The key impasse, however, is whether to require redeployments of U.S. troops if the benchmarks are not met.

Democrats contend that initiating troop withdrawals will pressure Iraqis into making the necessary political compromises. Republicans say the Iraqis could still refuse to work together and the consequence would be a blood bath.

The only area of agreement between the two sides is that the Iraqis are testing their patience.

"That is not acceptable," Sen. John Warner, R-Va., said of a two-month recess. "An action of that consequence would send a very bad signal to the world that they don't have the resolve that matches the resolve of the brave troops that are fighting in the battle today."

Added Sen. Ben Nelson, D-Neb: "I certainly hope they're not going to take any sort of recess when the question is whether they're going to make any progress."

Republicans and Democrats themselves remain gridlocked on how far to go to force Bush's hand on the war. When asked about progress made on bipartisan cooperation in Congress, House Majority Leader Steny Hoyer, D-Md., declared to reporters Wednesday there had been "discussions about talking" but nothing more.

Congress leaves for four weeks each August and takes a week off, sometimes more, around prominent holidays. Lawmakers frequently adjourn for the August recess without reaching agreements on important legislation.

However, sectarian violence continues to rage in Iraq. In one particularly devastating attack, a bomb struck the Sadriyah market last month, killing more than 120 people and wounding more than 140 more.

More than 3,350 U.S. troops have died in Iraq. April was the deadliest month for the military this year.

The violence in Iraq and lack of structure in the new government are partly to blame for the slow political progress. For example, getting a quorum among Iraqi politicians can be difficult because a number of top Sunni legislators do not spend much time in Baghdad due to security reasons. Parliament leaders are also still struggling to impose party discipline among their rank-and-file members.

The Iraqis have been able to reach consensus in some areas, but not necessarily ones that would calm sectarian violence.

On Monday _ the same day Rep. Ike Skelton, D-Mo., issued a statement urging the Iraqi politicians to reconsider their summer break _ the Iraqi parliament called for a ban on U.S. troops near a holy Shiite Muslim shrine. Protests were led by the radical anti-U.S. Shiite cleric Muqtada al-Sadr's bloc after U.S. and Iraqi troops conducted a raid near the shrine.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

printable version

Russia rejected by Iraq!!!
http://www.americancontractor.com/20...d_by_iraq.html

Originally Posted by Adster

Russia rejected by Iraq!!!
http://www.americancontractor.com/20...d_by_iraq.html

adam, this cat says he is in iraq but didnt even know the correct time for baghdad in a conversation a few months back. i would give no credence to a darn thing his site says or he says. he even advertises on iraqupdates the old rag that re-publishes all the old articles with new dates then brags about being mentioned there.

The first day of the two-day conference in the Red Sea resort of Sharm el-Sheikh is dedicated to the International Compact, a five-year plan to restore stability and economic prosperity through national reconciliation.

Iraq wins debt relief | WORLD | NEWS | tvnz.co.nz

Sorry if already posted.

Number of banks 16 -----
Auction price selling dinar / US $ 1267 -----
Auction price buying dinar / US $ 1265 -----
Amount sold at auction price (US $) 100.640.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 100.640.000 -----
Total offers for selling (US $) 1.000.000 -----


Gooooooooooooooood Morning Rolclub


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


9.48 Trillion taken out and still the Party has not started


1. "1" Dinar rate change today, it was 1268, it is now 1267

2. A (net) worth of dinars, IQD - 126,243,880,000 pulled out of circulation today 5/3/07.

3. 16 banks participating today

4. 135th auction since the beginning of CBI's reval plan

5. 215 days into the CBI's reval plan. (SIX MONTHS+)

6. 9,485,279,501,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,514,720,499,000

7. "1,265,000,000" Dinars back into circulation today

8. 210 dinar change since Oct 1st (baseline was 1477) 14.218% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 3 point reduction in the rate so far this week. Was at 1270 at the end of last week, 1267 so far this week.

10. 2 point drop in the month of May. Ended at 1269 in April, now stands at 1267
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

The conference's adoption of the ICI, expected later today, will mark its formal launch.

Iraq Security Conference Opens In Egypt - RADIO FREE EUROPE / RADIO LIBERTY

Keywords : special office for the application of Article 140 and to ratify the decisions of the Supreme positive step
03.05.07
Arbil-Sabah Al-Jadeed

The participation of a large gathering of government officials and partisans in the province of Kirkuk has been the opening of the office on the implementation of Article 140. The opening ceremony was attended by Mr. Abdul Rahman Mustafa governor of Kirkuk, Rebwar Talabani, Vice President of the Kirkuk governorate, Ihsan Abdel Meguid holistic Kammagam juvenile center and officials of the Office of Kirkuk to implement Article 140 members of the governorate of Kirkuk.

It is believed that the opening of this office would help facilitate work for the implementation of Article 140 and this will contribute to activating the work of the Bureau to expedite the implementation of the above-mentioned article.

In a word, Mr. Rebwar Talabani pointed to the role of the Council to approve the establishment of this building and within budget for the development of the Territories in 2006, either word Kach danger u friend Kirkuk, an official at the office for the implementation of Article 140 has stated that the application of this article is in the interest of all Iraqis, not only the people of Kirkuk and that would restore the usurped rights to their legitimate owners.

The project was implemented by a Turkish company and cost 400 thousand dollars in the budget for development of the 2006 and the building consisting of two floors, the first floor will be allocated to the Office of Kirkuk to implement Article 140 will be the second operation by the Commission on the projects.

On the other hand, it Abdalkhalgh Zankenh, Alcord representative of the normalization of the situation in Kirkuk, head of government endorsement of the decisions of the Higher Committee on the application of Article 140 of the Constitution, "a step in the right direction to resolve differences and conflicts between parties represented in the city," while questioned leadership in the "Iraqi List" led by Iyad Allawi resolutions of the Commission on normalization due to the resignation of its chairman Hashim Shebli.

It has been some circles that the parties belong to the "Turkmen Front" had demanded put the problem of Kirkuk to discuss the Sharm El-Sheikh conference, while Mr. Zankenh on this subject, saying : "I do not believe that this matter will be discussed at the conference. The idea relating to the topic was raised guidance from external parties in the coalition of Kurdistan We strongly reject. "

As Wael Abdel Latif, a prominent figure in the "Iraqi List", it stressed that "the work of the competent authorities to normalize the situation in Kirkuk is not legal because of the absence of Chairman Hashim Shebli after his resignation." He said in a statement that : "Vice Chairman of the Committee started acting hastily in the application of constitutional rule." He added that "the powers of the Commission to make its recommendations to the prime minister, not decisions, as was noted that the resolutions issued by the Prime Minister's approval, what is a clear constitutional violation."

The danger u friend Mohammed, an official at the office of Kirkuk in the application of article 140, announced in a press conference Monday, the prime minister formally ratify the decisions of the Commission after some amendments by adding the word "Wish" on the resolution II and III only, which provides resolutions on the Arab arrivals to their home areas with amended the choice between the Arabs remain or leave provided that participation in the vote on resolving the future of Kirkuk, which will be on 31 December (December) next.

This was announced security source in the city of Kirkuk, a terrorist group that assassinated on Tuesday, May 1 citizens united in Kirkuk. And on the subject, said Col. Chirzad providers director of the Police station Arabism the Media Office of the National Union, saying : "The terrorist group assassinated citizen Alkordi Najm Abdullah Hassan Al-Uruba Kirkuk, and fired shots fatally, and then burned the corpse of the terrorists named" ..

And this incident has closely by the police and security forces to launch Kirkuk raid and search operations were able to arrest seven suspects, according to the security source said three of them were involved with the assassination.

ÌÑíÏÉ ÇáÕÈÇÍ ÇáÌÏíÏ - ãßÊÈ ÎÇÕ áÊØÈíÞ ÇáãÇÏÉ 140 æÇáãÕÇÏÞÉ Úáì ÞÑÇÑÇÊ ÇááÌäÉ ÇáÚáíÇ ÎØæÉ ÇíÌÇÈíÉ

Originally Posted by shotgunsusie

adam, this cat says he is in iraq but didnt even know the correct time for baghdad in a conversation a few months back. i would give no credence to a darn thing his site says or he says. he even advertises on iraqupdates the old rag that re-publishes all the old articles with new dates then brags about being mentioned there.

ITS NOT AN OPINION BUT FACT!!



Russia refuses to strike a conditional debt write-off

Sharm El Sheikh / Egypt / May 3, May / Reuters /-Iraq announced by striving to rebuild its shattered economy that Russia's offer to write off the debt owed by Baghdad against the freedom of entering a senior Iraqi oil unacceptable.

But Finance Minister Jabr said a statement carried today, Thursday, that his country had accepted an offer from Egypt to write off the debt of $ 800 million as presented three countries from Eastern Europe write off 80% of debts owed to it.

Iraq and struggling for years to reduce its heavy debt burden and mostly borrowed funds to finance the war with Iran between 1980 and .1988

When Saudi Arabia announced last month that it will write off 80% of the debt value exceeds $ 15 billion owed by Iraq estimated the size of Iraq's debt relief at 140 billion dollars.

His counterpart, who is in Sharm el-Sheikh to attend an international conference on stability in Iraq and the reconstruction that all creditors of Iraq are keen to enter the Iraqi oil sector and the State can not accept such a linkage Initiative.

Told Reuters the Russians were undecided. Want to invest in Rumaila in return for debt cancellation.
Moscow has written off most of Iraq's debts owed to them, but not all.

Seeking major international oil companies to gain free access to oil fields in Iraq, which includes Iraq's third largest oil reserves in the uncertain world, but waiting approval of a new law of oil and the return of stability to the country.

Dump, North Rumaila and Rumaila in the south of the country are responsible for the bulk of exports, which currently amounts to about 5.1 million barrels a day.

Analysts say that the Iraqi oilfields suffering after years of sanctions and war but Rumaila gas fields can provide the production of one million barrels per day with foreign investment.

The company wants Lukoil largest oil producer in Russia, as well as agreement on the rehabilitation field Qurnah canceled government of deposed Iraqi president Saddam Hussein at the end of .2002
His counterpart that Egypt had agreed to write off all debts owed by Iraq to Cairo, worth 800 million dollars.

He added that Slovenia, Bulgaria and Poland will also write off 80% of the debts owed by Iraq, although he did not mention the value of the debts.

In addition, the EU will grant Iraq $ 200 million and added that he expected reparation grants as well as from Asian countries.
His counterpart Reuters they will help us in Iraq will return to find a genuine national reconciliation.

He said Iraqi Prime Minister Nuri al-Maliki in his speech at the opening of the conference, called on all the participants write off the accumulated debt on Iraq.

Coming ministers from dozens of nations and international organizations to Sharm el-Sheikh to attend the meeting to approve the document and the International Covenant on Iraq.
The document is a five-year plan included commitments to support the financial, political and artistic institutions in return for Iraqi political and security reforms and economic

AlSharqiya TV

Originally Posted by kiko

ITS NOT AN OPINION BUT FACT!!



Russia refuses to strike a conditional debt write-off

Sharm El Sheikh / Egypt / May 3, May / Reuters /-Iraq announced by striving to rebuild its shattered economy that Russia's offer to write off the debt owed by Baghdad against the freedom of entering a senior Iraqi oil unacceptable.

But Finance Minister Jabr said a statement carried today, Thursday, that his country had accepted an offer from Egypt to write off the debt of $ 800 million as presented three countries from Eastern Europe write off 80% of debts owed to it.

Iraq and struggling for years to reduce its heavy debt burden and mostly borrowed funds to finance the war with Iran between 1980 and .1988

When Saudi Arabia announced last month that it will write off 80% of the debt value exceeds $ 15 billion owed by Iraq estimated the size of Iraq's debt relief at 140 billion dollars.

His counterpart, who is in Sharm el-Sheikh to attend an international conference on stability in Iraq and the reconstruction that all creditors of Iraq are keen to enter the Iraqi oil sector and the State can not accept such a linkage Initiative.

Told Reuters the Russians were undecided. Want to invest in Rumaila in return for debt cancellation.
Moscow has written off most of Iraq's debts owed to them, but not all.

Seeking major international oil companies to gain free access to oil fields in Iraq, which includes Iraq's third largest oil reserves in the uncertain world, but waiting approval of a new law of oil and the return of stability to the country.

Dump, North Rumaila and Rumaila in the south of the country are responsible for the bulk of exports, which currently amounts to about 5.1 million barrels a day.

Analysts say that the Iraqi oilfields suffering after years of sanctions and war but Rumaila gas fields can provide the production of one million barrels per day with foreign investment.

The company wants Lukoil largest oil producer in Russia, as well as agreement on the rehabilitation field Qurnah canceled government of deposed Iraqi president Saddam Hussein at the end of .2002
His counterpart that Egypt had agreed to write off all debts owed by Iraq to Cairo, worth 800 million dollars.

He added that Slovenia, Bulgaria and Poland will also write off 80% of the debts owed by Iraq, although he did not mention the value of the debts.

In addition, the EU will grant Iraq $ 200 million and added that he expected reparation grants as well as from Asian countries.
His counterpart Reuters they will help us in Iraq will return to find a genuine national reconciliation.

He said Iraqi Prime Minister Nuri al-Maliki in his speech at the opening of the conference, called on all the participants write off the accumulated debt on Iraq.

Coming ministers from dozens of nations and international organizations to Sharm el-Sheikh to attend the meeting to approve the document and the International Covenant on Iraq.
The document is a five-year plan included commitments to support the financial, political and artistic institutions in return for Iraqi political and security reforms and economic

AlSharqiya TV

thanks for finding a legitimate source for the article.

Originally Posted by cooldolphins

Iraq wins debt relief | WORLD | NEWS | tvnz.co.nz

Sorry if already posted.

Iraq wins debt relief


May 3, 2007

Iraq has won a trickle of debt relief pledges at a big international conference in Egypt.

Egypt and three East European countries agreed to waive debts owed by Iraq as part of an International Compact to support Iraqi institutions in exchange for political and economic reforms by the Baghdad government.

The first day of the two-day conference in the Red Sea resort of Sharm el-Sheikh is dedicated to the International Compact, a five-year plan to restore stability and economic prosperity through national reconciliation.

But much of the attention is on whether the United States will abandon its longstanding reluctance to hold high-level talks with the Iranian and Syrian governments, as recommended by the Baker-Hamilton commission on Iraq last year.

Iraq has been in turmoil since the United States invaded in 2003 and overthrew President Saddam Hussein. Tens of thousands of people have been killed, including some 3,300 Americans.

US officials said they were preparing for a meeting between US Secretary of State Condoleezza Rice and Syrian Foreign Minister Walid al-Moualem - the first meeting at this level between the two governments for more than two years.

But any encounter between Rice and Iranian Foreign Minister Manouchehr Mottaki will not tackle substance, added one of the officials, who asked not to be named.

The US official said that even the meeting between Rice and Moualem would deal mainly with security on the Iraqi-Syrian border, not with Lebanon or attempts to prosecute those who killed former Lebanese Prime Minister Rafik al-Hariri in 2005.

"I would expect they will have a discussion on border security issues," a senior State Department official said.

The United States has accused Syria of allowing foreign fighters to enter Iraq through the long border and is pushing for an international tribunal to try suspects in the killing of Hariri. A UN probe has implicated Lebanese and Syrian security officials in the killing but Damascus denies all the charges.

US officials said that if Rice does exchange words with the Iranian minister in Sharm el-Sheikh it would probably be in passing before dinner, without substantive discussions.

This would be in accordance with the wishes of the Iranian side, the official said.

Iran and the United States have not had relations since soon after the Islamic revolution in Iran in 1979.

In his opening speech to the two days of meetings in Egypt, Iraqi Prime Minister Nouri al-Maliki appealed for debt relief. "We call on everybody participating in this conference to write off the accumulated debts of Iraq," he said.

Iraq sits on the world's third-largest proven crude oil reserves but is struggling to rebuild after four years of war.

Iraqi Finance Minister Bayan Jabor said the three Eastern European countries - Slovenia, Bulgaria and Poland - would agree to forgive 80% of Iraqi debt but did not say how much that would be.

He said the European Union would grant Iraq $200 million, and he expected grants from some Asian countries as well.

"They will help us and in return Iraq will have to commit to finding real national reconciliation," Jabor told Reuters.

But James Dobbins, an analysts at the RAND Corporation, said debt relief was of secondary importance because the Iraqis are not paying off the money they owed anyway.

"It is a purely paper transaction. It's symbolic but it doesn't have any immediate effect," he said.WE KNOW WHAT WILL HAVE AN EFFECT!!!!
Jabor said that Iraq had rejected as unacceptable an offer from Russia to forgive the debt it is owed by Baghdad in return for access to a major Iraqi oilfield.

"The Russians are hesitant. They want investment in the Rumaila oilfield in return for eliminating the debt," he said.

When Saudi Arabia announced last month that it was writing off 80% of the more than $15 billion it was owed by Iraq, Jabor estimated his country's debt at $140 billion.

Saudi Foreign Minister Prince Saud al-Faisal renewed the Saudi promise at the opening session on Thursday but said the details were still under discussion.

"It (Saudi Arabia) has submitted all the information it possesses to the Iraqi side, and the matter is still at the discussion stage ... to reach an appropriate settlement. Our treatment of the question ... will be in accordance with the guidelines (of) the Paris Club," he added. The Paris Club has recommended waiving 80% of Iraqi debt.