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

for anyone wondering or worried about cashing in in Australia (which would best be avoided by a flight to Swizerland anyway), go to travelex, and take just one note, ask them to check it for you.

they will pull out their book with all the currencies from the world, and it has a nice 25,000 dinar note picture there.

they may not sell, but will definately buy.

just a case of waiting for it to be worthwile.

i checked at Bondi Beach branch, Travelex.

The 926 daily currency auction was held in the Central Bank of Iraq day Thursday 2007/5/17 so the results were as follows :

Details NotesNumber of banks16-----Auction price selling dinar / US $1260-----Auction price buying dinar / US $-----------Amount sold at auction price (US $)61.800.000-----Amount purchased at Auction price (US $) ------ Total offers for buying (US $)61.800.000-----Total offers for selling (US $)-----------

Well standing fasct so far.......I predict it will continue to stay at 1260 until time to execute...........................soon hopefully

FALLUJAH, Iraq (AFP) - In a rare experiment for the rebel-ridden western province of Al-Anbar, the US military is looking to the once-derided police force of the erstwhile insurgent bastion to escort the millions to the bank. But the Fallujah force, seen as in cahoots with Islamic militants before a devastating November 2004 US counteroffensive to retake the city, are not yet trusted to do the job alone.

The US marines live in hope that they will soon be able to rid themselves of the risky night-time run through what is still bandit country.

The huge consignment of crisp dinar notes represents the payroll for all state employees, including staff at public utilities and government-owned firms, for the entire Fallujah district.

"Elsewhere in Anbar, we just deliver it ourselves, but here we thought; 'Why not use the IPs? (Iraqi police)'," said Major Andrew Dietz, deputy commander of the civil affairs group for the 6th Marine Regiment.

"They really don't do it anywhere else," he added, noting it was a sign of how far the city police had come.

Past police chiefs had been fired for corruption and the force is only now overcoming its once shady reputation.


Iraqi children walk to school as Iraqi police (L) secure the area
© AFP Roslan Rahman
The money for the salaries is from Baghdad but has to be flown by the Americans to their base outside Fallujah.

From there some two dozen marines load the bags and boxes of cash into the truck and drive it out into the desert to wait for the police.

The police, however, were late and more stars began to appear in the darkening skies, feebly lit from the glow of the nearby marine base.

The money was destined for the state-owned Rafidain Bank, which would then disburse it to other banks in the area.

News that the bank needs another transfer always seems to come at the last minute, making the next delivery an imperative if salaries are to be paid.

Keeping government employees paid not only keeps going what meagre municipal services the battered province still has, it also keeps people from turning to the insurgency for money, according to the marines.

Suddenly in the distance appear flashing lights and then bumping across the desert road roar six blue and white police pickups accompanied by a light cargo truck.

Snouts of assault rifles poke out of windows covered by the crude metal plates the police weld on their vehicles to give then some protection from insurgent bullets or bombs.

Not one of the policemen was dressed the same, with some sporting baseball caps, and others the chequered Arab headscarves often worn by the insurgents themselves. Many cover their faces with ski masks.


US Marines rush to give support to the Iraqi police
© AFP Roslan Rahman
The rise of an effective police force has come with its own dangers and the families of officers are regularly targeted.

Dust was kicked up as the pickups jockeyed for position but soon the police colonel restored order and box after box of money was loaded onto the trucks.

Mohammed Fandy, manager of the Rafidain Bank was on hand as well, supervising the offloading of his precious currency and telling the masked men to be careful with the heavy boxes.

Trucks loaded, the police abruptly tore off towards central Fallujah, their flashing lights highlighting them against the darkness of the desert.

The marines sped off behind them, pushing their hulking Humvees to unaccustomed speeds to keep up with the lighter police vehicles.

"Our job is security and to make sure it actually gets there," said Chief Warrant Officer Steve Townsley as his vehicle entered the dark streets of the city centre. "Not that we don't trust IPs."

The situation has not yet reached the point where the Iraqi police are solely responsible for getting the tens of billions of dinars to the bank -- although the marines would be more than happy to give up these midnight runs.

"The last one was supposed to be our last one, and now there's this one," grumbled Townsley.

The police took a short cut through the car park of the bullet-scarred town hall that sits in the city centre like an embattled Alamo, and swerved into a series of narrow alleys that left the Humvees' antennae tangled in low slung power lines.

When they caught up, the unloading had already begun, with menacing masked figures armed with light machine guns and draped in bullets guarding the dark street corners.

Less then half an hour later, the job was done and the city's coffers have been replenished for at least the next six weeks.

Except that banker Fandy then comes over and tells the marines that he's heard the long awaited government compensation for householders left destitute by the destruction of the US assault of two and a half years ago is finally ready.

"They'll soon be sending another 90 billion dinars (70 million dollars), so be ready for that," he said.

US marines banking on Fallujah police

The Committee met with the leadership of the National Union Puk evening yesterday, Wednesday, under the supervision of Mr. Kosert Rasul the Deputy Secretary-General of the National Atha Dr. Puk.

وتم .The discussion during the meeting about developments in the political situation in Kurdstan Iraq, and especially the Iraqi parliament to discuss the bill, oil audit Iraqi constitution.

.Following this meeting of the leadership, the political bureau of the Patriotic Union of Puk meeting Pascherlv Mr. Kosert Rasul Ali, had been discussed a number of important issues on Alcordstanih and Iraqi arenas.
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Italian News said the Iraqi Ministry of Trade that it completed all the mechanisms and laws and legislations that allow it to join the World Trade Organization. Quoted in a statement distributed today, Wednesday, to the media, the Iraqi Trade Minister Abdel Sudanese farmers say that several sessions of negotiations with the aforementioned organization will be held in Switzerland during the month of May to discuss the current preparations and the required mechanisms created by the ministry to complete accession to the WTO, including the answer to questions sent to Iraq earlier, He explained the operations update laws and legislations that rose to the Cabinet to be supportive of Iraq's participation in these negotiations. وذكر ".The Sudanese, in a press statement, that "the Iraqi government issued several laws that serve the Iraqi economy, the liberalization process and facilitate coordination with the global economy him, especially after the investment law which will have positive benefits for future economic movement in all governorates." .The Sudanese "importance of the presence in Iraq of such international organizations after several years away" and expressed his wishes for "the benefit to serve Iraq and the economy", and then determine the feasibility of such a presence in international organizations, according to the statement. .The World Trade Organization had declared the end of last year, Iraq's acceptance as an observer in preparation for giving full membership after completing some shortcomings in its economic development.

marsadiraq.com

New study on the oil sector in Iraq, the Ministry plans to raise the Iraqi oil production capacity, attracting investments to Iraqi Kurdistan
اسينPreparation and submission : Nazim Yasin - تتضمن.- These include the new program (economic report) up to modern international study prepared by one of the American companies specialized in the field of energy from the oil reserves in Iraq and an interview with the spokesman of the Iraqi Oil Ministry Assem Jihad Ministry plans to raise production capacity.
وفي.In today's episode, listen to an interview with the Governor of Sulaymaniyah Dana Ahmad Majid of talks held recently with the American economic delegation and the ongoing preparations for the establishment of an international exhibition next September.

- - New study on the oil sector in Iraq
.One American consulting firms in the field of energy that Iraq could double its oil production to four million barrels per day if it stops violence and oil facilities have been rehabilitated.
(IHS Energy) .He explained Ron MOBD, President of the company (IHS Energy) specialized in the field of energy that detailed study prepared by the company for Iraq's oil reserves and production capacity, is the first of its kind since the war in March 2003.
في.He added in an interview with the Associated Press reported that the study will be published within the next few weeks adopted the comprehensive analysis conducted by experts in the Iraq oil fields there.
.The study found that Iraq's oil reserves amount to about one hundred and sixteen billion barrels, which affirms earlier estimates. .The experts believed that the discovery of additional reserves can be estimated at about one hundred billion barrels in the western region of the country. هذا .With this Geological Service estimates of the US government that the additional oil reserves of Iraq about forty-five billion barrels. .The estimates of the study prepared by (IHS) for the quantities of energy production potential on four wells drilled in western Iraq between 2002 and 2003 by the National Oil Company Syrian cooperation with the Iraqis.
.The Chairman of the American consulting firm to neglect the development of Iraqi oil fields for many years contributed significantly to reduce its production capacity. .The decline in production capacity in Iraq is also due to the repeated terrorist attacks against the infrastructure including pipelines and refineries.
يذكر.It is noteworthy in this regard that Iraqi production capacity was ranged between 2.5 million and three million barrels a day by March 2003. يومياً.Production rates have declined since the war to about 2 million barrels a day.
.Iraq currently depends on the export of the bulk of its production, or about 1.5 million barrels a day through the southern port of Basra as a result of repeated vandalism, which remains stalled pipeline northern most of the time. .Linking this line between Kirkuk and the Turkish port of Ceyhan, overlooking the Mediterranean Sea.
.With regard to the quantity exported via this line, the transfer from a source in the shipping industry said on Tuesday that Iraq is pumping 120 thousand barrels of Kirkuk crude to raise the quantity stored in tanks at the port of Ceyhan to 2.64 million barrels.
.When the amount to four million barrels, the Iraqi Oil Marketing Organization put up for sale at auction.
.The news agency Reuters reported the source as saying that the pumping of Iraqi crude oil from Kirkuk resumed at midnight local time on May 13 and stopped at seven on Monday. ولم .It was unclear immediately why the pumping stopped.
.The last time Iraq was Kirkuk crude last January when it sold the three million barrels to three European companies.

- - Plans of the Iraqi Oil Ministry to raise production capacity
.The Iraqi Oil Ministry that it intends to put up a tender to develop a number of oil wells in the south of the country if endorsed the House bill new oil and gas.
.In exclusive statements to Al (economic report), the spokesman for the Iraqi Ministry of Oil Assem Jihad that the tender came in the context of plans prepared by the ministry to raise the productive capacity of crude oil to four million barrels per day in the coming years.
مزيد.Further details in the context of the next audio briefing by the correspondent of Radio Free Iraq in Baghdad Leith Ahmed.

()(Interview with the voice-Baghdad)

- - Attract investment to Iraqi Kurdistan
.Among the efforts being made to boost economic and encouraging foreign investments in Sulaymaniyah announced recently that the ongoing preparations for the establishment of an international exhibition in early September.
.Sulaymaniyah governor, said Dana Ahmed Majid that were expected to participate in the exhibition, about four hundred companies worldwide.
.In the following interview with him conducted by Radio Free Iraq correspondent Mustafa Salih Karim, also talked about economic talks he held with an American delegation for the implementation of a number of reconstruction projects that would create new job opportunities in the Kurdistan region of Iraq
Translated version of http://www.iraqhurr.org/

Baghdad-file Press

.Said Assem Jihad, spokesman of the Ministry of Oil, today, Thursday, that Iraq and Iran have agreed to activate the establishment of the oil pipeline between the two countries for the export of Iraqi oil to Iran.

.He added Jihad told reporters that the agreement came during a meeting between Minister of Oil Hussein Shahrastani of the Iranian ambassador in Baghdad, Hassan Kazemi Apical in his ministry, He pointed out it was agreed to activate the agreement on setting up a pipeline from southern Iraq to Abadan in Iran for the export of Iraqi crude oil to Iran, and rates in excess of 200 thousand barrels per day, and the system for sale under the international prices of crude oil. ولم.Jihad did not mention when the agreement.

..He pointed out that this is a performing outlet for new and additional increase export capacity to Iranian refineries in Abadan .. .As well as an agreement on organizing reciprocal visit for professionals from the two countries to establish special preparation past oil pipeline.

بغداد وطهران يت�قان على ت�عيل انشاء الانبوب الن�طي بينهما

Opened in the city of Hilla, the first plant for manufacturing and packaging dates production capacity of up to 15 tons per day of local dates.

.The lab was opened by the total cost of three billion dinars governor of Babylon Salim Saleh Alemsalmaoui incidentally during a ceremony in the city attended by a number of officials of the Directorate of Agriculture Babylon.

وقال".Alemsalmaoui "said that the lab is a great achievement which contributes to the development of the commercial and agricultural sectors at the level of production and marketing," pointing out that "Babylon province is considered one of the leading provinces in the production and marketing of dates with more palm where three million unbelievable."

".The governor added that "the Minister of Finance instructed to allocate $ 50 million for agricultural investment in the province."

".Part-Fadil Hussein Obeid director cultivation of Babel "that the establishment of this lab is the fruit of cooperation between the agricultural investment in the agriculture department and a number of investors in the province, which is the first step in building an industrial base in the agricultural area of agricultural industrialization."

.He called on investors to invest in the province in the area of agriculture through the creation of sophisticated labs for Tomato paste and canning fruits and vegetables and other plants for the production of dairy products and derivatives, specialized farms to cultivate fruits and vegetables using modern scientific methods in agriculture as well as expansion in the area of poultry and fish.

بل.It should be noted that plant production and canning dates established in hand Abe sank administered by the company Euphrates East, which is one of the private sector companies in collaboration with the Directorate of Agriculture Babylon and the lab is the first investment project in the area of agricultural industrialization witnessed Babylon province.



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Number of banks 16 -----
Auction price selling dinar / US $ 1260 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 61.800.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 61.800.000 -----
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"


10.37 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 - 77,868,000,000 pulled out of circulation today 5/17/07.

3. 16 banks participating today

4. 145th auction since the beginning of CBI's reval plan

5. 229 days into the CBI's reval plan. (Seven Months +)

6. 10,376,233,373,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 6,623,766,627,000

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. 3 point reduction in the rate so far this week. Was at 1263 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