Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by JudasPriest

So this ought to be significant if it remains the same. Is this the end of the journey then?!

This is what i and many with me believes.
If the next auctions will stay at 1260, and the auctions will continue to be low, then it tells me that they are drying out and that is very good.

So hopefully it will be the end of this journey and the beginning of others!

Iraq hopeful of new oil law in May

Iraq is still hopeful of agreeing on a draft oil law this month that would allow parliament to pass it soon, Deputy Prime Minister Barham Salih said on Saturday.
"Negotiations are supposed to start fairly soon in Baghdad in order to go over the details of the appendexes to the law as well as the modalities for revenue distribution," Salih said on the sidelines of a conference in Jordan.
He said a Kurdish delegation was in Baghdad and he would be returning to Iraq on Sunday to start the negotiations.
Salih said those asking for talks want to ensure that the law includes checks and balances to the equitable distribution of revenue and want to debate the scope of activity and control of the Iraqi National Oil Company.
"Let's hope that this is done before the end of the month," he said, adding that a deal would mean the law would be sent to parliament for deliberation approval.
Describing the oil law as the single most important piece of legislation facing Iraq, Salih said it would shape the country's economy for a long time.
The law is meant to equitably distribute Iraq's oil wealth among Shi'ites, Sunni Arabs, and ethnic Kurds. Washington sees it as a critical law to ensure national reconciliation among Iraq's warring groups.

Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1260 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 37.965.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 37.965.000 -----
Total offers for selling (US $) ------ -----


Gooooooooooooooood Morning Rolclub


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


10.48 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1260, it is now 1260

2. A (net) worth of dinars, IQD - 47,835,900,000 pulled out of circulation today 5/21/07.

3. 16 banks participating today

4. 147th auction since the beginning of CBI's reval plan

5. 233 days into the CBI's reval plan. (Seven Months +)

6. 10,481,033,873,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 6,518,966,127,000

7. "0" Dinars back into circulation today

8. 217 dinar change since Oct 1st (baseline was 1477) 14.691% 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 1260 at the end of last week, 1260 so far this week.

10. 9 point drop in the month of May. Ended at 1269 in April, now stands at 1260
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

Originally Posted by Socata 850

Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1260 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 37.965.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 37.965.000 -----
Total offers for selling (US $) ------ -----


Gooooooooooooooood Morning Rolclub


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


10.48 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1260, it is now 1260

2. A (net) worth of dinars, IQD - 47,835,900,000 pulled out of circulation today 5/21/07.

3. 16 banks participating today

4. 147th auction since the beginning of CBI's reval plan

5. 233 days into the CBI's reval plan. (Seven Months +)

6. 10,481,033,873,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 6,518,966,127,000

7. "0" Dinars back into circulation today

8. 217 dinar change since Oct 1st (baseline was 1477) 14.691% 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 1260 at the end of last week, 1260 so far this week.

10. 9 point drop in the month of May. Ended at 1269 in April, now stands at 1260
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

Wow, this is the best summation I have seen so far on the auctions. Brilliant work..makes it easy to analyse and read through. Cheers Socata!

Originally Posted by JudasPriest

Iraq hopeful of new oil law in May

Iraq is still hopeful of agreeing on a draft oil law this month that would allow parliament to pass it soon, Deputy Prime Minister Barham Salih said on Saturday.
"Negotiations are supposed to start fairly soon in Baghdad in order to go over the details of the appendexes to the law as well as the modalities for revenue distribution," Salih said on the sidelines of a conference in Jordan.
He said a Kurdish delegation was in Baghdad and he would be returning to Iraq on Sunday to start the negotiations.
Salih said those asking for talks want to ensure that the law includes checks and balances to the equitable distribution of revenue and want to debate the scope of activity and control of the Iraqi National Oil Company.
"Let's hope that this is done before the end of the month," he said, adding that a deal would mean the law would be sent to parliament for deliberation approval.
Describing the oil law as the single most important piece of legislation facing Iraq, Salih said it would shape the country's economy for a long time.
The law is meant to equitably distribute Iraq's oil wealth among Shi'ites, Sunni Arabs, and ethnic Kurds. Washington sees it as a critical law to ensure national reconciliation among Iraq's warring groups.

KRG vows to block oil law

The Kurdistan Regional Government (KRG) will block the draft hydrocarbons law in parliament, raising the stakes in a row with the Baghdad government over control of Iraq's oil reserves.

Originally Posted by fredgwest1999

THIS FROM TODAY'S NEWSPAPER:

$140b of Iraq’s debts written off
Baghdad (NINA) – Around $140b of Iraq’s debts are said to have been written off. In a joint news conference Sunday with the Planning Minister Ali Baban, Trade Minister Abdul Falah Al-Sudani and the Central Bank Governor Sinan Al-Shibibi, Finance Minister Bayan Jabur said, “This accomplishment....(rest can't read as is subsciption only...Maybe someone has?)


This meeting and press conference would seem to be a vitual part of the coming RV Puzzle...If anyone can dig up the full story...it would be worthwhile...

NINA & National Iraq News Agency

Sorry, if previously posted.

Action Central Bank economists welcomed convergence
بغداد - الصباحBaghdad-Sabah.
عدَّ اقتصاديون متخصصون في شؤون المال والنقد اجراءات البنك المركزي العراقي بخفض اسعار بيع الدولار مقابل الدينار خطوة مهمة على طريق السيطرة على حجم التضخم.وأكدوا اهمية رفع سعر الفائدة ليصل الى 12% في تحقيق هدف كبح جماح التضخم ما سيؤدي على المدى القصير الى استقرار مقبول في الاسعار السائدة في السوق العراقية.Counting economists specializing in finance and monetary procedures Iraqi Central Bank to lower the rate of the dinar against the dollar selling an important step toward controlling the volume of inflation. They emphasized the importance of raising the interest rate up to 12% in achieving the goal of curbing inflation would in the short term to stabilize an acceptable price prevailing in the Iraqi market.
It is noticeable that depression, and confusion author of this action on the stock sale and purchase rates in most of the stores are banking Baghdad must follow this dangerous turn in the stock market in the Iraqi press statements, a number of different Concerned importance of the matter and the enemy remarkable step towards reducing inflation and raise the value of Iraqi dinar and reduce prices goods and services.
وفي السياق ذاته اكد علي غالب بابان وزير التخطيط ان قرار البنك المركزي الذي جاء بعد دراسة مستفيضة من قبل اصحاب الشأن يهدف ايضاً الى تشجيع اصحاب رؤوس الاموال الى جانب المواطنين عموماً على الادخار.In the same context, Ali Ghalib Baban Minister of Planning said that the central bank's decision, which came after extensive study by the stakeholders also aims to encourage holders of capital in addition to citizens in general on saving. من جانبه قال محافظ البنك المركز سنان الشبيبي: ان هدف البنك المركزي حالياً ينحصر في محاربة التضخم الذي بلغ نحو 76% والحد من ارتفاعه من خلال توفير شروط افضل للتنمية الاقتصادية وتحسين اداء القطاع المصرفي وتوفير الاستقرار فيه.Meanwhile, the Bank Governor Sinan Shabibi Center : that the goal of the Central Bank is currently limited to the fight against inflation, which amounted to about 76% and reduce the height by providing better conditions for economic development and improving the performance of the banking sector and providing stability.
الى ذلك أكد الدكتور الشبيبي محافظ البنك المركزي العراقي ان من بين اسباب التضخم حالياً زيادة السيولة النقدية في التداول، ما اقتضى اتباع سياسة نقدية جديدة تهدف الى تحسين سعر صرف الدولار باتجاه تخفيض سعره عدة نقاط في المزاد الذي ينظمه البنك المركزي يومياً لبيع الدولار بهدف سحب النقد من التداول.So Dr. Shabibi governor of the Central Bank of Iraq that one of the reasons inflation is increasing cash in circulation, necessary follow a new monetary policy aimed at improving the dollar's exchange rate towards reducing the price of several points in the auction, organized by the Central Bank every day to sell the dollar in order to withdraw money from circulation.
فيما اوضح المستشار في البنك المركزي العراقي الدكتور مظهر محمد صالح ان المركزي هو الجهة المسؤولة بحكم قانون رقم 56 لسنة 2004 عن التصدي للتضخم وخفض مستوياته اذ شكل هذا المبدأ الاساس الذي تعتمده السياسة النقدية في تأدية واجباتها، وعلى هذا الاساس فلابد للبنك المركزي من ان يضع اولويات سياسته، ونقصد هنا السياسة النقدية في مكافحة الانشطة التضخمية باستخدام أدواته المتاحة.With Counsel explained in the Central Bank of Iraq, Dr Mohamed Saleh appearance that is the central body responsible by virtue of Law No. 56 of 2004 to cope with inflation and reduced levels as a basis of this principle adopted by the monetary policy in discharging its duties, On this basis must the Central Bank that sets policy priorities, and here we mean monetary policy to combat inflationary activities using the tools available.

Hello everyone. Debt and inflation and currency removal seem to be the strategy the GOI and CBI are using. And permit me to be a little optimistic, they seem to be working. All three are a huge part of the economic fundamental picture that underpins an appreciation in the currency in significant amounts. And still their foreign currency reserves have risen to 21Billion. Remarkable.

Originally Posted by rvalreadydang

والسيIraq will soon be a breakthrough in the political and security files
الملف File
Sunday, 20 May 2007Sunday, 20 May 2007
علمAware of the file from important sources refused to be identified, that the Iraqi arena will witness during the next few days relaxation militarily and politically significant impact reached Talks between the government and armed forces to significant results at the level of containment of the Sunni militia, and at the level of synergies between the political parties Sunni and Shiite participation in the political process


sources explained that the joint declaration formally put either m media expression of reaching agreements included a wider participation of the forces in Sunni circles and state institutions, and drafting of decisions affecting Iraq


.On the other hand, the trend related to the same sources confirmed that the meeting scheduled on the 28th of this month between the Iranian and American sides will yield good results in curbing the violence in Iraq, these sources - pointing - that penetrated the groundwork for this meeting has been completed in a matter of much optimism.

almelaf.com - ÇáÚÑÇÞ ÓíÔåÏ ÞÑíÈÇ ÇäÝÑÇÌÇ Ýí ÇáãáÝíä ÇáÇãäí æÇáÓíÇÓí

grabbin you up and kissin you right on the face!!!!

(sorry neno, I HAD TO!!)

Got this from somewhere else.


Can't believe this positive news from CNN. They are talking about economic advances curbing the insurgency.

Just watch this video:

LiveLeak.com - CNN: al-Qaeda on the verge of collapse in al-Anbar

Originally Posted by JudasPriest

if i remember right...they held a rate for 2-3 weeks...don't know if it was 1271 or 1272...maybe someone can confirm but nothin came of it/.

and they always made a note on the cbi that it would remain at that rate. he is saying there has been no notes indicating that it would remain the same as was previously seen.

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Turkish intelligence system : the plane crashed on its way to Iran was loaded with spare equipment for the production of nuclear disarmament
21-5-2007, 12:17Added news on 5-21-2007 12:17

... Turkish intelligence system : the plane crashed on its way to Iran was loaded with spare equipment for the production of nuclear disarmament

Ankara - WAI-emerged from the Jerks

Disclosure of Intelligence and Security Turkish (Mit) that the plane that crashed last Sunday on its way to Iran was loaded with spare equipment for the production of nuclear weapons. According to Turkish security apparatus and the plane since entering Turkish airspace Kani Itakbaha businessmen, experts and the CIA that there was information that confirms that these small civilian plane carrying Special spare used to produce a nuclear bomb. The news agency said leaving the bodies were found, retired Pakistani General Zakai God and Michael Neuman British citizenship passenger plane. He says that the Turkish intelligence service, General Zakai tried to deny God and therefore stayed at the Hotel low score and remitted the hotel separately. The Ska God during the 90-day contact with the outside Turkey. He Since entering Turkish territory used track was sub avoid overflight of residential areas.

Turkish authorities said that the plane crashed because consumption Albanzin instead of the normal fuel for private planes. The Turkish Interior Minister that the issue is under follow-up and study.

The newspaper wrote the Turkish nation in this regard : that Pakistani President Pervez Musharraf had forced General Zakai God for early retirement, because of the serious information provided by the Iranian regime in the nuclear field. من جانب آخر أكد نوري On his part, Nouri Octane and to the province of Trabzon in Turkey that the plane was cut States.

44م44 m

oops! caught with their hand in the cookie jar!!