Thread: Iraq/Dinar News until 5PM CST May 10,2007

MPs agree on the need for practical steps to implement the decisions of the Sharm el-Sheikh Date : Saturday, May 05
Topic : latest news
A number of MPs, today, Saturday, the need to translate the decisions of both the Sharm el-Sheikh on Iraq to the practical reality and real application even caress the Iraqi street fact those decisions.


He said Abbas Bayati MP from the United Iraqi Alliance decisions of the conference "a big step on the political and economic levels is to extract a confession stable political process and support government projects in the fight against terrorism and to disarm the militias and reconstruction."
Summarizing the results of the two-Bayati on three areas : the economy, security and immigrants, and said, "economically the government got promises for debt reduction and the provision of grants, loans and technical assistance .. This promises a good needs to be followed up, and reflected on the situation of Iraq's economy. "
He added : "There is a security agreement and the Arab regional states to support a plan to impose law and will unify regional and international support for national reconciliation."
With regard to the displaced said, "these states Sttatef with this humanitarian situation for a certain period and for a while to enable the government to impose law and control of the situation."
But Bayati stressed "the necessity of working in a joint effort by the Iraqis to activate promises and recommendations by working to create the ground and support the political consensus and dialogue."
, Held in Sharm El-Sheikh conference last Thursday at which the International launch a document identifying the name of assistance that could be provided by the international community for Iraq and to rebuild the economic and military institutions, and followed by the conference of Iraqi neighboring states along with Egypt and Bahrain and the Group of Eight major powers and permanent members of the Security and the United Nations and the Islamic Conference and the Arab League yesterday, Friday,.
It was Hamid Majid Moussa, deputy Iraqi List that the decisions reached by the Sharm el-Sheikh "requires perseverance and effort and work to be applied on the ground." He said "good results, and could if they were applied with seriousness and commitment to full fruition on the positives of concrete on the security situation and economic development.".
Moussa added, "certainly positive decisions give us hope and optimism to the citizens more, but what is most important achievement of these decisions on the ground, it is important decisions."
Musa promised that the Sharm El-Sheikh differs from the rest of the conferences held for Iraq as it "reflects the strong concerned on Iraq to take positive steps"
He added : "Before that was negative and estrangement and evade agreements and failure to commit oneself is the hallmark, but now there is a legal and moral and ethical and public."
But Moussa called for not over-optimistic, and said, "let's be clear, that the move will not take place among free overnight, but it will take perseverance and effort."
For his part, Abdel-Khaleq Zankenh pregnancy, the deputy in the coalition of Kurdistan, the Iraqi government and the regional and international parties to work for the success resulting from the decisions, and said "the parties regional and international commitment not to interfere in Iraqi affairs and to support the government and expect them not distract Alsakh their differences on Iraq, because we have enough disasters and tribulations ... the crisis in Iraq is a regional crisis, international and domestic. "
And the responsibility of the Iraqi government said "the government and political forces to consider the issue from the perspective of national scale, and the formulation of steps on the path to reconciliation and tolerance, and the eradication of terrorism and militias."
Zankenh promised, the conference is generally in favor of supporting Iraq and said, "is a step forward and a success for the Iraqi diplomacy. "Afterthought" But Maehem Iraqi citizen practical reality, these conferences end with a series of recommendations and decisions take some way to implement some expected lifting of debt and launch grants, decisions awaiting for a long time. "
For his part, preferred Harith Obeidi, the deputy in the Accord Front wait and wait to be taken by the parties that participated in the practical and positive steps in the Iraqi arena to a successful conference.
"As we expect the parties involved to have a great Montages with the Iraqi government to implement the aspiration of the Iraqi people and politicians who have criticized the government."
Obeidi "looking each of the parties to participate in important international weight on the scene and the Arab League, and hopes to build on activating the findings of the conferees said that the lesson not only in putting in the conference or decisions but in practical implementation."
He continued : "There are good things eliminating some debt, which is a positive step of creditor nations, and we believe they are good contribution, but the Iraqi people suffer from security problems and economic aspect and also the faltering reconciliation .. We look forward to the practical embodiment We want to follow up real namely decisions. "
The Obeidi "the importance of the constitutional amendments, and to disarm militias without integration in the state's institutions of the fact that their loyalty to the parties", he said "There should be no impact, adding that the government should abide by, and those who attended the conference would be a watchdog over the government's commitment."

The House Committee is to consider requests to waive the immunity of a number of its members Date : Saturday, May 05
Topic : latest news
The presidency of the parliament formed a committee to follow up requests from the public and the integrity of the Supreme Judiciary Council concerning the number of deputies accused in cases of crimes and administrative corruption and Mali. According to the Chairman of the Legal Committee in the House Bahaa Al-Araji, the presidency of the Security Council Committee established by members of the Legal Committee and the Committee on Defense and Security and Integrity Commission


Al-Araji pointed out that the Commission will hold its first meeting tomorrow, Sunday, to consider the applications submitted to the parliament to lift the immunity of a number of deputies. Al-Araji pointed out that there was one request regarding administrative corruption by the public integrity of the House of Representatives regarding the financial violations committed by Iraqi Deputy when he was a minister in the government, which was formed during the establishment of the Governing Council nearly four years ago, without specifying the name of the MP.

Question for Susie- Have you played out the possibility of the Dinar NOT revaluing before the ISX opens? I know you believe that cannot happen, but I just wondered if you have played it out in your head just in case?

I think you are right, but wouldn't be surprised if the Iraqi's did nothing with the Dinar prior to the ISX opening.... after all, it's sorta been "open" this whole time, hasn't it?

I'm prepared for just about anything at this point. I'm not in dire need of the Dinar revaluing as I am financially sound. I have plenty of patience.

The Iraqi's on the other hand are running out of time.....

Number of banks 17 -----
Auction price selling dinar / US $ 1267 -----
Auction price buying dinar / US $ 1265 -----
Amount sold at auction price (US $) 90.580.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 90.580.000 -----
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"


9.59 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1267, it is now 1267

2. A (net) worth of dinars, IQD - 113,497,860,000 pulled out of circulation today 5/6/07.

3. 17 banks participating today

4. 136th auction since the beginning of CBI's reval plan

5. 218 days into the CBI's reval plan. (Seven Months +)

6. 9,598,777,361,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 7,401,222,639,000

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. 0 point reduction in the rate so far this week. Was at 1267 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

Hello RolClubers

Some time ago I told a friend of mine about the Dinars. He is a small business man who lives in Florida. He and I have spoken may times about the investment and he has acquired a nice nest egg of the little beauties. He makes a very unique product that is used in the electrical and telecommunications industries. Unforunately, the supplier that he teamed up with to produce his product, turned out to be a slimey fellow that has designs on my friends product. To make a long story short, my friend is now in litigation with his supplier about him trying to steal my friends product and business.

Needless to say, this has put a monetary burden on my friends business and family. As it turns out my friend has some unique skills that he acquired while he was in the military and so he sent his resume off to some various contractors and was contacted immediately about taking a job in Iraq. He passed the interviews and was hired within one week of his posting his resume. Today, Sunday May 6th, he boarded a plane for Houston where he will undergo additional medical testing and barring any complications he will be in Iraq next Monday the 14th of May. I spoke to him last night and told him to contact me immediately upon arriving in Iraq and he promised that he would. He also stated he would send any and all informaion he can get about the dinar once he is in country. We (RolClub) will have the benefit of having a dedicated dinaraholic in country scoping out all the information he can possibly get. His assignment (tour) will last four months and he'll be back in the States in September if all goes well. If the dinar revals before then he's getting on a plane and coming home as soon as he can, but at least we have a very good ear on the ground in country. Once I hear from him I'll be able to post where he is and what he knows. I pray that he is safe and that he can come home to his family. The money he earns while he is there will provide for his family and allow him to carry on his litigation against the slimey supplier. Thanks to all, we'll see what he says once he is in country on the 14th.

Originally Posted by Wm.Knowles

Hello everyone. While in Iraq in '04 many of us were buying dinar. At the time, the largest objection to investing in the currency was the foreign debt. I seem to remember that the number stated many times was around 138B to 140 Billion USD. Once we learned the the Paris club had a plan to forgive 80% of the debt, announced in Aug. of '04, we got very excited. It was our first evidence that there was an economoc plan for the Iraqi's to return their currency back to higher levels. Since the above article states that the remining debt is around 62Billion, and that around 30B was forgiven at the conference, I really don't feel this has been fully appreciated. (not to mention they received a 5B grant) For a small country to have reduced its foreign debt by 80 Billion is truely remarkable. If this was a tradable currency anywhere else in the world, such a reduction of foreign debt would have sent the value of the currency sky-high on the next trading day. Additionally, if you take into account the income from around 3MBD @ 65$ per, deduct the GOI budget (43Billion?) you arrive at a remaining balance of income that is still impressive and more than adequate to retire the remaining foreign debt in a short period of time. Maybe less than 3 years. In this world, few countries could even dream of a plan like this. It has recently printed that a production rate of 5MBD would make Iraq 153 Billion a year, and also stated that Iraq might be able to achieve this very quickly. So from a balance sheet perspective, this reduction of debt was a very significant event and there may be further reductions. When we take this event and combine this with the removal of currency, a GOI in budget, FIL, ISX to open soon and possible HCL soon, then taken together, ITS ALL GOOD FOR US. Thank You.

I was hoping someone would add up the numbers. Math doesn't like me, when I was in high school I never figured out what X equaled.

Thanks Wm. for pointing out the big numbers.

And many thanks to Socato and to your friend, may he stay safe.

AWESOME Socata! May your friend be safe and return home "early'!

SOCATA, Interesting to say the least , I hope your friend comes home a day or 2 after arriving in Iraq, with his pocets stuffed with goo old US Greenbacks.

Originally Posted by tiffany

AWESOME Socata! May your friend be safe and return home "early'!

Yeah, what she said!!!

Originally Posted by danny51

Yeah, what she said!!!