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

The decline of the euro Union to the lowest level against the dollar

(صوت العراق) - 23-05-2007

(Voice of Iraq) - 23-05-2007

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The decline of the euro Union to the lowest level against the dollar in six weeks

London (Reuters) - EU euro fell to its lowest level against the dollar on Wednesday, dealers said that the factors that have aggravated the decline exceeded main levels.

The rise of the euro centers creditor to make it vulnerable to movements correction resulting from technical factors in recent sessions dealing.

At 0747 GMT the euro fell to $ 1.3427 $ 1.3440 level beyond which focused on the sales orders to limit losses, recording the lowest level since April 11 April.

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

The rise in gold in Europe Morning

(صوت العراق) - 23-05-2007

(Voice of Iraq) - 23-05-2007

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London (Reuters) - The price of gold in European transactions beginning on Wednesday, following a drop in transactions York last night.

The circulation of gold in Europe at 660.20-661.70 dollars per ounce (ounce), compared with $ 658.80-659.30 in late dealings in New York on Tuesday.

It is expected that prices remain confined to a narrow range between 655 and 665 dollars per ounce and remain factors which are affecting oil prices and currencies and base metals.

Silver rose to $ 12.94-12.98 per ounce (ounce) of 12.92-12.96 dollars.

The price of platinum increased to $ 1295-1300 per ounce from 1285-1290 dollars continuing its distance from its lowest level three weeks ago and recorded earlier Wednesday at 1287 dollars per ounce.

Palladium and stopped to catch my breath after rising for several days dropped slightly to 371-376 dollars per ounce from 374-378 dollars.

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

Originally Posted by Ranger III

Last September, Susie reported rumors that indicated a revaluation to .98
of the euro was imminent. Those rumors were later corroborated by other
sources.

In retrospect think how much stronger our position is now than it was then.
Since September:

a. The FIL has been enacted and passed unanimously by Parliament;

b. The International Compact was finished earlier this month;

c. Approximately 10,600,000,000,000 in dinars have been taken out of
circulation;

d. Approximately $140,000,000,000 in debt has reportedly been forgiven;

e. The HCL has been enacted and is poised to be passed by Parliament
any day now;

f. The ISX is about to go electronic in early June and to quintuple its
trading sessions per week;

g. Anbar Province has largely been pacified and Al Qaeda is now dislodged
and clearly on the run there;

h. There was a traffic jam in the Mansour District of Baghdad a couple
weeks ago - owing to an overthrow crowd at an amusement park there;

i. The Democrats have been defeated in their attempt to have us
surrender;

j. A Norweigian oil company is going to start pumping oil in the Kurdish
region of Iraq in June (next month);

k. A $3,000,000,000 airport is planned for Karbala;

l. Currency support for the dinar has risen from approximately $11 billion
to $21 billion, which does not count Iraq's gold backup in Switzerland;

m. Saddam Hussein was executed and is not coming back;

n. A budget was passed and finalized for 2007;

o. Shabibi has the exchange rate down to 1259; and

p. Iraq is about to be admitted into the WTO.

My bottom-line point is that if .98 of the euro was possible in September, 2006, in light of the above progress it surely is possible, and I would say probable, now.

Ranger - Don't forget the mounting pressure GWB is exerting . . . he even mentioned the Oil Law in his speech a few minutes ago up in New London, CT . . .

Best to all . . . RR . . .

Originally Posted by Ranger III

Last September, Susie reported rumors that indicated a revaluation to .98
of the euro was imminent. Those rumors were later corroborated by other
sources.

In retrospect think how much stronger our position is now than it was then.
Since September:

a. The FIL has been enacted and passed unanimously by Parliament;

b. The International Compact was finished earlier this month;

c. Approximately 10,600,000,000,000 in dinars have been taken out of
circulation;

d. Approximately $140,000,000,000 in debt has reportedly been forgiven;

e. The HCL has been enacted and is poised to be passed by Parliament
any day now;

f. The ISX is about to go electronic in early June and to quintuple its
trading sessions per week;

g. Anbar Province has largely been pacified and Al Qaeda is now dislodged
and clearly on the run there;

h. There was a traffic jam in the Mansour District of Baghdad a couple
weeks ago - owing to an overthrow crowd at an amusement park there;

i. The Democrats have been defeated in their attempt to have us
surrender;

j. A Norweigian oil company is going to start pumping oil in the Kurdish
region of Iraq in June (next month);

k. A $3,000,000,000 airport is planned for Karbala;

l. Currency support for the dinar has risen from approximately $11 billion
to $21 billion, which does not count Iraq's gold backup in Switzerland;

m. Saddam Hussein was executed and is not coming back;

n. A budget was passed and finalized for 2007;

o. Shabibi has the exchange rate down to 1259; and

p. Iraq is about to be admitted into the WTO.

My bottom-line point is that if .98 of the euro was possible in September, 2006, in light of the above progress it surely is possible, and I would say probable, now.

Agreed, nice summary Ranger........

Originally Posted by abbey56

Hi,
Is the Iraq stock exchange still to open on the 1st June to foreign investers or does anyone know to the contrary and if it is does everyone think that the revalue has to happen before then.?????

the article indicated the beginning of june with no specific date. the 1st falls on a friday and thats a holy day so there will be no isx that day. considering they expanded their services to include 10 trading sessions per week it should begin on the first day of a trading week albeit the first or second week of the month.

and unless they want to have investors buying up all the stock in the isx for the current price of the dinar, in essence selling themselves short, they will raise the value of the dinar previous to the international opening of foreign investment.

Sorry if this has already been posted...

US plan to oust bad Iraqi leaders

Top U.S. commanders and diplomats in Iraq are completing a far-reaching campaign plan for a new U.S. strategy, laying out military and political goals and endorsing the selective removal of hardened sectarian actors from Iraq's security forces and government.
The classified plan, scheduled to be finished by May 31, is a joint effort between Gen. David H. Petraeus, the senior American general in Iraq, and U.S. Ambassador Ryan Crocker. More than half a dozen people with knowledge of the plan discussed its contents, although most asked for anonymity because they were not authorized to speak about it to reporters.

WP: Iraq plan to oust bad leaders - washingtonpost.com Highlights - MSNBC.com

Hi,

Thanks for that reply Susie, I would have thought that the enactment of the FIL is more significant than the HCL, (only my thoughts) I am sure that loads of oil contracts have and are being negotiated irrespective that the HCL has yet to be passed and hopefully will be passed shortly. How significant is the Kuwaiti revalue and maybe the other Gulf states revaluation to the situation as well. Cant think that they can hold out much longer at the rate that the CBI is hording all the dinar, there will hardly be any left in circulation.

Probably a dumb question here, but what the heck: If the ISX opens and the rate is still the current one, is there any other conceivable way that stocks/companies would avoid being bought for less than pennies on the dollar? Thanks everyone!

Originally Posted by Ranger III

Last September, Susie reported rumors that indicated a revaluation to .98
of the euro was imminent. Those rumors were later corroborated by other
sources.

In retrospect think how much stronger our position is now than it was then.
Since September:

a. The FIL has been enacted and passed unanimously by Parliament;

b. The International Compact was finished earlier this month;

c. Approximately 10,600,000,000,000 in dinars have been taken out of
circulation;

d. Approximately $140,000,000,000 in debt has reportedly been forgiven;

e. The HCL has been enacted and is poised to be passed by Parliament
any day now;

f. The ISX is about to go electronic in early June and to quintuple its
trading sessions per week;

g. Anbar Province has largely been pacified and Al Qaeda is now dislodged
and clearly on the run there;

h. There was a traffic jam in the Mansour District of Baghdad a couple
weeks ago - owing to an overthrow crowd at an amusement park there;

i. The Democrats have been defeated in their attempt to have us
surrender;

j. A Norweigian oil company is going to start pumping oil in the Kurdish
region of Iraq in June (next month);

k. A $3,000,000,000 airport is planned for Karbala;

l. Currency support for the dinar has risen from approximately $11 billion
to $21 billion, which does not count Iraq's gold backup in Switzerland;

m. Saddam Hussein was executed and is not coming back;

n. A budget was passed and finalized for 2007;

o. Shabibi has the exchange rate down to 1259; and

p. Iraq is about to be admitted into the WTO.

My bottom-line point is that if .98 of the euro was possible in September, 2006, in light of the above progress it surely is possible, and I would say probable, now.

Very nice summary. Thank You.

fred, you do get worked up unnecessarily sometimes. i was reading this article earlier and celebrating my kurds actually backing down on a couple points so as to reach an agreement soon. as rr said they are working round the clock to get this done. dont be ready to throw the baby out with the bathwater with some of these translations.

and again, as i said, the article indiated BEGINNING OF JUNE WITH NO SPECIFIC DATE MENTIONED. the 1st is a holy day dont look for international trading on the isx that day.

Originally Posted by fredgwest1999

Tips to accept the Kurdish leadership to postpone the Article 140 on Kirkuk

Irbil (May 22) and the agency (Lucky) Italian News -

The Kurdish parliamentary sources it is expected that the Kurdish leadership made concessions regarding the implementation of Article 140 of the Iraqi Constitution versus maintaining, what it called "further gains" achieved for the Kurds in Kurdistan.

The transfer site (Sphi) on the Kurdish Jhalak Azad, MP in the House of the Iraqi Sulaymaniyah saying that "there is insistence large blocs of Iraqi political demands with respect to amend some articles of the Constitution, does not provide any of those lumps concessions to each other in order to break the current impasse, therefore Consultations and ongoing meetings on this issue did not yield any desired results.

"And on the willingness of the Kurdish leadership to accept the postponement of the implementation of article 140 of the normalization of Kirkuk under a political deal, Jhalak said,

"All parties must participate in the amendment of the constitution to make concessions, and the Kurds even if offered concessions in this regard, they will be concessions on the principles and main points contained in that article."

The transfer of the site from its own sources as saying that he believed that the Kurdish leadership has agreed to postpone the article 140, as they approved all the oil changes it.

They pointed out that the speech delivered President Massoud Barzani during the meeting yesterday, a number of officials partisan centers where hints willingness of the leadership Kurdish political unraveling of intractable problems in the political process, which occupy the Kurdish street.

It was scheduled to submit the constitutional amendments today, Tuesday, the text failed to make the necessary amendments to some articles of the Iraqi constitution.
Shs/Aki)Shs / Aki)

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


EVERY ONE SAYS (all of the latest articles in the Iraqi Press say) THAT THE KURDS ARE WILLING TO FORGO AMMENDMENT 140/142 AS A BENCHMARK FOR THEIR SUPPORT OF HCL -

BUT,

STILL RESTORNING SUNNI CIVIL RIGHTS AND HCL HAVE NOT BE INTRODUCED OFFICIALLY AND THUS NEITHER HAS HAD THE NECESSARY 3 READINGS IN PARLIAMENT TO BECOME A LAW or did I truly miss something from Parliament?

TIME IS RUNNING OUT FOR THIS WEEK!
One more session this week and then it off till Sunday...
WITH A WEEK FROM THIS FRIDAY (1 June 2007)
THE OPENING OF THE STOCK MARKET -
ELECTRONICALLY & INTERNATIONALLY
...(Only 5 more Parliament sessions till this event and they need 3 readings of each law)

ARE WE LOOKING AT ANOTHER VIET NAM STOCK MARKET SITUATION - THEY ARE OPEN BUT NO RATE INCREASE WAS MADE?