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

After his official visit to the Islamic Republic in Iran, 13 / 05 / 2007-16:23 | times reading : 1 ---------------------------------------- ---------------------------------------- , Adel Radhi Mehouder governor of Maysan that his recent official visit to the Islamic Republic in Iran, culminating in the agreements and understandings function at the level of reconstruction and investment, [Ja acquitted in Ashvi Conference held in Mbenai conservation, and noted the governor who presided over an official delegation in this visit included a number of directors of the services and advisers, Ashe t reached with the Iranian side to enhance prospects for economic cooperation, tourism and exchange of experiences among emphasizing that these agreements signing of a memorandum of understanding to build a capacity (1000) housing units in Maysan, that the Iraqi side creating suitable land for the construction of the project in addition to providing financial security (BA) to the side of the project see me as well as to provide some logistical support. The conservative part we moving towards the Iraqi government to ensure obtaining approvals fundamentalist foremost financial security for the project, the Director of Information Center in the province of Maysan, a member of the delegation to the meetings that took place during the visit focused on important topics, including : Maysan Governorate ready to offer some strategic projects implemented by Iranian companies with substantial experience such project is the construction of a bridge north of Amarah (Aldvas) and the construction of housing units, as well as designs from the University of Maysan within budget development Territories Iranian companies have expressed their willingness to submit their offers to the Iraqi government for the implementation of these projects, For his part, the delegation pledged to provide facilities and support to those companies in this regard, the Director of Information Center to conduct a series of meetings with a number of investors and investment companies focused on the possibility of contracting for investment projects within the framework of the investment law, according to Iraqi and priority needs in Missan governorate. He added that discussions were held with the Chamber of Commerce Unit (Iraq-Iran) for an exhibition of Iranian companies in Maysan governorate designed to inform these companies and investors to the perceived Iranian province of Maysan resources and the possibilities of special Astthmaromn for these companies to stand on the need for preservation of various industries has been agreed between the two sides the Iraqi side to provide adequate location for the exhibition, also touched upon the issue of Iranian grant ($ 1 billion) allocated by the Iranian government to help Iraq, Agreement has been reached between the delegation and the Iranian side to a study by the local government in Maysan to establish projects in the province to be funded through specific amounts from this grant Iranian side has pledged to pursue this matter with the responsible committee. On the other hand, and on the sidelines of the visit, visited the governor accompanied the delegation accompanying him, visited the Iraqi embassy in Tehran, during which he met with Iraqi Ambassador has been discussing the possibility of providing facilities for companies and investors in the Islamic Republic in Iran and obtaining approvals fundamentalism to encourage investment in the province of Maysan, It was addressed to the tourism aspect, and providing Menakhath required between the two neighbors Iraq and Iran by agreeing to visiting delegations from the two sides across the border outlet hair.

Originally Posted by GSXR99

IMO the CBI website is the only true and correct value of the Dinar.

Yup that is what they list, they are always lower
Wednesday, May 09, 2007 1206.1 IQD
Thursday, May 10, 2007 1209 IQD
Friday, May 11, 2007 1199.3 IQD
Saturday, May 12, 2007 1199.9 IQD
http://www.menafn.com/currency_chart...D&CC=IQD&CT=1M

Baghdad - Nina
Said Tariq Hashemi, Vice President of the Republic : that the Iraqi Accord Front a few days to make important decisions in a number of options.

Transfer Statement on the Information Bureau of Hashemi as saying yesterday during an extraordinary meeting of the Iraqi Accord Front reviewed by the Vice Front recent results of his meeting with Prime Minister Nuri al-Maliki and a number of officials in the past few days : "The precedence of those options would be to dialogue," adding : "Those options will have a meaningful and batteries in deep roots of the political process, but it does not live up to the coup as rumors. " The statement added : "The atmosphere Hashemi found new cause for optimism during his meeting with the Prime Minister but he pointed out that there were several steps require important decisions by the government will undoubtedly contribute to the success of such meetings and will have repercussions the positive for the political process and stability in Iraq

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

May 13, 2007 2:15 PM-BT
The high demand for dollar auction CBE

Baghdad - (Voices of Iraq)
Increased demand on the dollar at the opening of meetings this week in an auction the Central Bank of Iraq, today, Sunday,, recording the total volume reached 77 million and 335 thousand dollars compared to 60 million and 475 thousand dollars last Thursday.
She said the bulletin issued by the Central Bank received news agency (Voices of Iraq) independent copy today that the purchase orders were spread by 10 million and 275 thousand dollars in cash and 67 million and 60 thousand dollars in the form of remittances outside the country covered by the bank fully exchange rate hit a low 1262 dinars to the dollar compared to 1263 dinars Thursday last.
The bulletin added, made with the banks (17) offers for the sale of $ 2 million which is the same presentation sale Thursday bought the bank exchange rate amounted to 1260 dinars, down one point from its purchase price last Thursday.
. Ali Yasiri, a dealers with the bank, told (Voices of Iraq) said that the decline at the low point is acceptable and does not affect the confidence of its clients; However, the decline in the beginning of the week is not accustomed to the auction during the past three months .. Therefore, the dealers and speculators will put this issue into account.

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

Cheers!
DayDream

New divisions among Iraqis because of the oil (Voice of Iraq) - 11-03-2007 sent this issue to a friend of Amman-AFP :

split Naftion experts and Iraqi politicians, parliamentarians and former ministers over a draft bill Iraqi oil which has been ratified by the new Iraqi government recently, where the majority fears that major oil companies put their finger on the global wealth Iraq, are based. In order to examine in detail the draft of the new law established the Iraqi Center for Strategic Studies yesterday evening seminar at a hotel in the Jordanian capital, Amman under the title "the future of Iraqi oil wealth" with the participation of former ministers and dozens of experts and members of the oil The House of Representatives Iraqi Prime Minister said the former Iraqi Justice Minister Malik Hassan Saddam in a speech before the participants that "the new law experts and politicians into two Iraqis, the first calls to postpone the enactment of the law arguing that the country's constitution exhibition of the amendment and circumstance security and the presence of the occupation and the lack of unanimity "on jobs. added" The second part is calling for the enactment of the new law pretext that Iraq is in dire need to develop oil and gas wealth to get help development and the security situation does not fit an argument to justify postponement because large parts of Iraq stable security. "She is his opinion Issam Chalabi, the former Iraqi Minister of Oil in the 1990s that" a draft new law is strange to many experts from the oil sector, and even the outlaws of the oil sector, "she added," We are with a new law regulating the operations of the oil industry But the formula takes into consideration the supreme national interest. "She Russian UAE

Maliki begins new consultations to review the list of ministers
Baghdad-Sabah.
Prime Minister Nuri al-Maliki new consultations with the political blocs to reconsider the list of new ministers, which had not been endorsed by the House of Representatives. The sources close to Prime Minister may change the names of candidates or the names of a number of them, and is supposed to submit the list amended end of this week.

He says MP Abbas Al-Bayati : that Mr. Maliki may take in its two days of the views she said : The nominations require further discussion, affirming that the coalition falling six ministries in the existing share the view that there is definitely the best of the names that have been put forward. Bayati told (morning) : The parliament did not formally reject the list, which means that they are subject to rotation. For his part, government spokesman Dr. Skinner : "It is possible to change the current candidates to fill the bags seven ministries vacant resignation of ministers, He added yesterday that the prime minister currently conducting talks with the political blocs on the candidates and the expected cabinet reshuffle biography know these candidates and the nominations are still there but the names have changed. " And Skinner : "The prime minister has reached a point discount to the replacement of seven ministers and there will be a wider reshuffle in the coming stages and there Point complex." He reported : "It was agreed on the main points of the amendment, there are some joints need sufficient time and effort in the 15th of this month will provide the essential amendments to the House and will remain some points in time to another. Member of the House of the Iraqi Coalition bloc Almouhdali Ilaq said : The list of candidates submitted by the prime minister to the House of Representatives were re-submitted to the Cabinet for a certain element in it. " He added that the list, which reached the Council had not been completed as final and still be some adjustments. " The Ilaq : "Some of the political blocs have expressed opinions on that list and objected to some names and indicated their willingness not to vote on those names before the debate and bring it back to the prime minister to make some amendment to it."
The prime minister presented a list of seven names to fill ministerial posts in some ministries covered by the amendment. It was Dr. Adnan Abdul Khashshan pregnant has been his candidacy for the post of Minister of Health and Dr. Sabir Eissawi the minister of agriculture and Sami Al-military ministers of transport and Ahmed Abbasi and the minister of justice, Dr. Dietary Hajjami, Minister of State for civil society and Dr. Rafie inch Minister of State for provincial Engineer Zuhair Mohammed Reza drinking and Minister of State for Tourism and Antiquities. The Secretary drew DC Dr. Sabir Eissawi letter to the Prime Minister got (morning), a copy of which apologizes to accept the position, pointing out that he could provide better services to citizens through his secretary of Baghdad, which has witnessed a movement of his hands-on service-recent markedly also hinted at letter. It is believed the Minister of State Hassan effect that the issue of cabinet reshuffle is still contentious and complicated. Noting that the amendment needed to understandings between the Prime Minister and the political blocs that the government formed on the basis of national unity and must be the amendment on that basis, "adding :" it is difficult to convince the political blocs to change ministers and there is a desire of the Prime Minister to change the minister. " He explained : "Negotiations on cabinet reshuffle needed time for the purpose of compatibility between the Prime Minister and the political blocs.
But Attorney Osama Alenjevi felt that the House had the list because they were party formation, indicating that a cabinet reshuffle, as we saw were not of technocrats but the party formation in full. " He said : We hope that candidates from independent and low efficiency, integrity and experience in their fields. " He stated : "We were surprised to nominate members of political offices do not have any experience in the field of candidates by the ministries.

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

Originally Posted by Dinar Cha Ching

Yes two more points to the big nonevent at 1260.

Interesting,

We have heard the BIG 1260 since last year, and now, finally, we are almost there. I agree, it may be a non event overall, and yes, it may not be an issue for restoration, but it IS a major accomplishment for CBI which further demonstrates they have total control and stability of dinar in hand. Now that is what I think this is all about from what I see.

All along the CBI has been demonstrating control and stability as part of the campaign to qualify the point in time for the restoration of dinars value to former level. Remember, Iraq has a mindset of testing the waters first, confusing everyone, procrasitinate forever, then finally act, so what think about it, what is there left to do once they hit this mystical target of 1260?

Good luck and health to all, Mike

Originally Posted by Offshore-Wealth.com

Remember, Iraq has a mindset of testing the waters first, confusing everyone, procrasitinate forever, then finally act, so what think about it, what is there left to do once they hit this mystical target of 1260?

Good luck and health to all, Mike

What I think will be further continuance of strategy unabated...confusing everyone, procrastinate forever, and still edge a mindful step at a time but closer and closer to the vault...hehe...

It's like a recipe for the living dead here... aaaaand , most interesting to keep tabs diligently on them irrespective of lost nerves and times or patience as we have seen some dinarholics come & go...

Businessmen and economists were discussing the new Iraqi investment law in Babylon
Hilla Plumber
Discussed and businessmen are interested in economic affairs in the province of Babylon the most important articles and paragraphs of the new investment law asserting that the law is a positive step the Iraqi government in the right direction.

And among participants in a symposium organized by the Federation of Iraqi businessmen in preserving the most important advantages enjoyed by the new law at the level of activation of various kinds of investment in Iraq, including drives economic development forward, pointing out that all Arab states characterized by a strong economy was able to strengthen its economy through investment laws that have opened markets of these countries in the world.
Dr. Safaa Taqi Eissawi assistant professor in the Faculty of Law at the University of Babylon (morning) that the new investment law is the most important step of the Iraqi government towards the development of the Iraqi economy and reconstruction of infrastructure, pointing out that the new law contains articles and paragraphs encourages well-Arab and foreign investors to enter the Iraqi arena being put in investor rights between Iraqi and other Arab and foreign investors, he is at a distance equal to everyone except for the right to own land, which make it exclusive to the Iraqi investors.
Dr. Eissawi stressed on the need to initiate the formation of the cabinet to a safe area can invite foreign investors by explaining that one of the first guarantees to be provided to activate the investment law is implemented properly to ensure security because investors do not care about the financial support as their security assurances.
For his part, Jaafar Baqer Said that the President of the Russian Federation is adopting currently task of educating Iraqi businessmen in maintaining the new investment law affirming that the union a broad program includes holding seminars and organizing workshops for educating law, which he said was to meet all the aspirations and expectations of traders and investors primarily with the Iraqis.
Said called to the need to speed up the government in the formation of committees domestic investment stipulated in the law in order to perform their duties within the province, which it operates. It was during the discussion of the mechanism for guaranteeing the rights of Iraqi workers by foreign companies expected to work in Iraq under the new law and how to activate the labor laws in force to ensure Iraqi these rights, also touched Discussants to how to deal with these companies, which would enjoy legal personality in Iraqi territory.

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

"...Voadeni governor well in the expanded meeting would be held next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and the Commercial Bank to the effect that the proponents get equal value of the Iraqi dinar to the American dollar and this goal we will strive to achieve that, God willing, during the four years of the new government the Iraqi dinar was so weak, towering among other currencies..."

This was from the an article here in the "Think Tank" from the 29th of last month.

Has anyone heard an update on this and/or the final IMF/Iraqi Article 4 Meeting that is scheduled for mid May?

TIA