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

Originally Posted by Hkp

Has anyone seen this yesterday ?......I think I'll post it again, as it is good news !!!!



Abd Al-Enezi : Article 140 dealt a manner acceptable to all

بغداد - بيداء كريم

Baghdad-worthless cream

Member of the House of Abd Al-Enezi from the coalition bloc that Iraq hoped neighboring countries cooperate in order to proceed in strengthening security and stability and the application of its constitution as the security and stability of Iraq is not Iraqis but only regionally.

On the issue of Kirkuk, Al-Enezi said : Article 140 article of the constitution have been addressed objectively, logical and reasonable and acceptable to the Iraqi parties, as well as political forces that have packaged and settled decisively and made a legal mechanism of the constitution dealing with the subject of Kirkuk is a fair for all if applied accurately and objectively.

Translated version of http://www.alsabaah.com/

WOoTTTTTTTTT!!!!!! one more down!!!

Vice President Tariq Al-Hashmi describes his recent meeting with government officials step in the right direction

May 10, 2007May 10, 2007

His vice president, Tariq Al-Hashmi expressed satisfaction with the results of the recent events that have collected a number of government officials and politicians, pointing out that they had reviewed many of the issues and pending files, which had been agreed to find appropriate solutions.
He received his Excellency, in his office in Baghdad on Wednesday, 5-9-2007, British Ambassador to Iraq Dominic Esquith, in which he, in turn, support the government of any country's political effort would contribute to establishing security and stability in Iraq.
He also met Vice-President, in a special meeting, Vice President Dick Cheney, after meeting last members of the Presidency, and during the meeting discussed a number of hot files in addition to the results of recent political events in the Iraqi arena.
Hashemi, described the meetings as "a step in the right direction although still a long way to exist for the elimination of all the points of difference."


Attributed

Iraqi Presidency

British Prime Minister Blair announces he'll leave
By Steve Goldstein, MarketWatch
Last Update: 7:57 AM ET May 10, 2007


LONDON (MarketWatch) -- British Prime Minister Tony Blair on Thursday said he's leaving after ten years of power, setting the stage to put the country in the hands of his long-time partner -- and rival -- Gordon Brown.
Blair, in an expected move, told his local constituents in Sedgefield that he'll resign on June 27.
"In this job, in the world today, I think that is long enough for me, but more especially for the country," he said.
Blair is stepping down with dwindling popularity -- according to a recent poll from YouGov, only 22% of the U.K. electorate trust him, down from 63% when he ousted John Major.
Last week, the separatist Scottish National Party defeated Blair's Labour Party in local elections, with his party losing power in Scotland for the first time in a half century.
Part of his unpopularity stems from British involvement in the Iraq war, which was deeply unpopular at the start of the campaign. Blair was criticized for allegedly being U.S. President George W. Bush's "poodle," according to a popular lament here in the United Kingdom.
"I may have been wrong. That's your call," Blair said. "But believe one thing if nothing else, I did what I thought was right for my country."
But that's not the only reason for Blair's waning popularity.
After promising to be "purer than pure," Blair has been involved in a number of scandals, including one where he allegedly tried to award positions in the House of Lords in return for campaign contributions.
Police have investigated those charges and interviewed Blair, though they have never referred to Blair as a suspect.
Blair has also had a rocky relationship with his own Labour Party, as he pursued policies such as hiking university tuition fees and introducing private-public partnerships in a variety of services, notably transport. See more global markets coverage.
Surging spending on the country's National Health Service hasn't made much of a mark on the popularity of the health care, though Blair says that by key measurements, such as waiting times, performance has improved.
In his speech on Thursday, Blair listed domestic achievements as better employment, more jobs, better health and education and lower crime.
According to a government statement, Brown at a cabinet meeting early on Thursday applauded Blair for his achievements over the last 10 years and the unique leadership he gave his party, Britain and the world.
"There was then much thumping of the table," the statement added.
Financial markets reacted little to the move, paying more attention to a quarter-point rate hike from the Bank of England.
"This has been the best flagged resignation ever," said Philip Shaw, an economist at Investec Securities in London.
Brown on deck
Brown, who has been Chancellor of the Exchequer for all of Blair's tenure, is due to take power after possible party rivals, including Environment Secretary David Miliband, declined to run against him.
Brown may have to face a Labour Party vote against two unheralded left-wing challengers who have yet to win the support of enough parliamentary members to force a vote.
On the domestic side, Brown, who may take over as prime minister in July, has a reputation for being to the left of Blair, though Brown himself has been an architect of "New Labour" and supported Blair's unpopular stances on Iraq, terrorism and other hot-button issues.
Brown is a relative unknown on the international stage. He is expected to be somewhat less friendly with Bush, though Brown has also shown hostility toward closer ties with Europe, and opposes joining the euro.
Recent polls have given David Cameron, the leader of the opposition Conservative Party, about a ten percentage-point lead over Brown for the next election, which has to be called by no later than 2010.
The youthful-looking Cameron has frequently been likened to Blair, as he tries to "modernize" his own party with support for environmental and other causes usually not associated with the Tories.

Steve Goldstein is MarketWatch's London bureau chief

British Prime Minister Tony Blair announces he'll leave - MarketWatch

Just got off the phone with a B of A branch manager. He called for some other issues and since I had his attention I decided to ask about the NID. He told me if someone inquired about investing in the dinar that he would not discourage them! I asked him when the dinar revalues will there be a limit on what can be exchanged at one time. He told me no, that whatever I wanted to exchange that it would not be a problem. He said that the policy is still the same, that the bills would be checked at the branch and sent out for verification. He said it would be about a 3-5 day turn around.

Just went into small branch of Key Bank. Very helpful people. As an account holder, I can purchase the Dinar in any amount. 2-3 day turn around and here are the current prices quoted:
Buy: .0006911
Sell: .0009080
$10.00 service fee per transaction.
To exchange, they will credit my account pending verification of rate.
Not too bad for a little town in Western Washington, eh?
Blessings to all...

Thursday, May 10, 2007

Hadithi : Our transition to a free economy the end of this year

Amman
Egyptian Minister of Industry and Minerals Iraqi Fawzi Al-Hadithi today, Thursday, that the economic objective of the government in Iraq is the transition from the economic system monopoly to free competition, which is based on high quality and cost as grounds for continuing the long run.

He explained in an interview with Al-Hadithi News Agency Independent, at the end of the exhibit reconstructing Iraq IV, which opened in Amman last Monday, said that "this was in the interest of Iraq to provide the environment to economic competition for foreign production and providing job opportunities," pointing out that "the main objective also providing maintenance for workers in the ministry and expand these facilities for the provision of job opportunities which face growing unemployment rates we are experiencing at the present time.

He added that "the files that were put on joint cooperation between companies and the Ministry of Industry and companies belonging to cement plants and petrochemical plants, iron and steel in Basra, fertilizer plants and glass in Anbar.

He added, "This is the first phase of the ministry opened up labs for domestic investment and investment Iraqi immigrant, as well as foreign, and the second phase up to the end of June and the end of September 3rd and 4th December end December first.

And on guarantees offered by the government to investors with the deteriorating security situation and proliferation of administrative corruption and the extent of the Ministry's ability to attract capital Iraqi immigrant said, "in terms of the Iraqi government, we will hold our agreements on all the bases required under the umbrella of the Investment Code, which provides investors the opportunity to work in all parts of Iraq first. Secondly the opportunity to benefit from the cash and profits and transfer abroad without any complications, as is happening in some neighboring countries, for instance.

He added, "either in terms of security companies must be studied well the areas in which they invest There are currently more than 70% of the appropriate places and safe one that can be invested." He pointed out that Al-Hadithi Prime Minister Nuri al-Maliki stressed that the Iraqi government will work with all its power to provide those companies safe place to work.

And on extended contracts to be awarded to companies said, "The focus will be on contracts between 15 and 20 years, it is considered a medium-term contracts.

He stressed that "the objective is to get everyone to benefit from the transaction because this period so good" benefit the Iraqi citizen and the Iraqi government as well as the companies that work with us and the areas within this period ranges significantly different from light and heavy them. "
He also highlighted the importance of Hadithi benefit from the MIC disbanded, saying that "they" is an essential part of the plan, there is expertise and highly qualified aspire to Alastphah them in the ministry and will work to Nahor some of them to civilian production, because they produce military items as soon as possible, and these companies also open for investment and participationAs for the companies destroyed or others able to work Vesendman cadres to work in other companies, but our main goal is to restore the work of these companies.

He referred to "the possibility of some companies light weapons - if we can-as part of the requirements of the Ministry of Defense and Interior."
Regarding the anticipated results of the reconstruction of Iraq Exhibition which concluded today in Amman said, "the exhibition is the outcome of what exists, and there is a specific period in accordance with the law whereby the door open for bidding and will be forming a committee of the ministry and better contracts will be taken before and during the month we will start signing contracts."

And about the size of the industrial economic relations and the possibility of industrial cooperation between Iraq and Jordan, said that "industrial relations between Iraq and Jordan, is not clear but it was lower than in the past and our ambition is greater cooperation with Jordanian companies with contracts that are signed and we respect and wish to evolve, but our ministry industry is to deal with global companies in order to gain through experience and efficiency and fill the blanks through modern technology. "

Translated version of http://www.aswataliraq.info/index.php?newlang=ara


Cheers!
DayDream

This is very odd...They always compare the previous days auction to the current one. In this they are comparing Tuesday's auction instead of Wednesday's auction! Whats up with that????

Thursday, May 10, 2007 1:25 PM-BT

The low demand for dollar purchase auction Iraqi Central Bank

Baghdad - (Voices of Iraq)
Decreased Demand for buying the dollar at the end of the week Aljaali today, Thursday, recording the volume reached 60 million and 475 thousand dollars compared to 87 million and 865 thousand dollars last Tuesday.
The periodic bulletin issued by the Central Bank of Iraq today that orders placed herself at 17 million and 55 thousand dollars in cash and 43 million and 420 thousand dollars in the form of remittances outside the country covered by the bank fully exchange rate hit a low point of 1263 dinars, down from Tuesday rate of 1264 dinars.
With advanced banks of the 16 participating in the meeting offers for the sale of $ 2 million purchased the bank exchange rate amounted to 1261 dinars

Translated version of http://www.aswataliraq.info/index.php?newlang=ara

Cheers!
DayDream

I guess this may answer my above post's question!!

Thursday, May 10, 2007 - 04:53 PM
Iraq-Currency
Lower demand for dollar in daily auction
By Dergham Mohammed Ali
Baghdad, May 10, (VOI)- Demand for the Dollar was down in the Iraqi Central Bank’s daily auction on Thursday, reaching $60.475 million compared with $87.865 million on Tuesday as the auction did not convene on Wednesday.
In its daily statement the bank said it had covered all bids, which included $17.055 million in cash and $43.420 million in foreign transfers, at an exchange rate of 1,263 dinars per dollar, one tick lower than Tuesday.
Sixteen banks participated in Thursday's auction and offered to sell two million dollars. The Iraqi Central Bank bought the entire amount at 1,261 per Iraqi dinar.

Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq


Cheers!
DayDream

Originally Posted by agtcarpetman

Just went into small branch of Key Bank. Very helpful people. As an account holder, I can purchase the Dinar in any amount. 2-3 day turn around and here are the current prices quoted:
Buy: .0006911
Sell: .0009080
$10.00 service fee per transaction.
To exchange, they will credit my account pending verification of rate.
Not too bad for a little town in Western Washington, eh?
Blessings to all...

Thats a hell of the spread ...At Zions here in Utah .....they buy for $720 and Chase is only about 882 to buy

tank, i believe large oil deposits have been discovered in anbar province now, which i think is predominately sunni. that would mean everybody's got a piece.

so one would ask: "cant we all just get along?"