Thread: Iraq/Dinar News. 09/05 to 01/14/07

I suppose we can add this WTO meeting also:


29 November - 1 December Expert Meeting on the Participation of Developing Countries in New Dynamic Sectors of World Trade: Review of the Energy Sector
Geneva, Switzerland

WTO | News - Events calendar


'Energy Sector' has to include Iraq.

Originally Posted by AlwaysDreaming

I noticed too! When I peaked a few minutes ago was at 1835.7, definately moving in the right direction and moving much faster than it used to

i didnt get it at 1st.. then i checked the cbi's rate for euro thats dinar LESS than what cbi's quoting. THAT IS GOOD INDEED!


even checked here Currency Converter

all i can do is wait to see how low it goes

(Voice of Iraq) - 10-13-2006 | This issue was sent to a friend

Alkerblai Sheikh in the Friday prayers highlights the Mecca

Sheikh criticized Abdalmahdi Alkerblai of disinfectant in the dish Husseini
19 Friday prayers of Ramadan in 1427 approved 13 / 10 / 2006 diagnosis
The causes and treatments of the Iraqi crisis by some persons players
Those who want to participate in the Mecca of reconciliation between the sects
Iraqi, where he expressed amazement at the statement when they described the "roots of the crisis and the solutions
Should be taken as having sectarian "and put Alkerblai vision regarding the issue through
Two "political and religious", as that between the political dimension is summarized in "the need for all
Political parties are also to others "and that the political system that ensures the prosperity of this
People is the "system, which generates through the ballot box after the people's will
Iraq. "

And added that the success of any of the constituents on this matter depends on the "intent
Sincere out of the crisis "and warned of" structuring the framework of the Iraqi crisis sectarian "
Pointing out that "ideological and doctrinal differences between the Shiite and Sunni communities have
Why coexist for centuries and Toadd love. "

And on the religious dimension of the Iraqi crisis called for holy Karbala Friday for the "necessity
Activation of factors unity and common denominators between the two communities and try to
Altkverion dimensions in the minds of the nation's youth. "

And in the second axis of his sermon, counting Alkerblai, that administrative corruption, "no less dangerous
The lawlessness. "

And within this context, he referred to paragraph (b) of Article 136 of the Code of
Trials for the 1971 count as this paragraph as "impede the efforts of the work of the
During the integrity of the executive branch to shed judiciary "and is" something different
The principle of separation of powers, which constitutionally recognized "and called on Prime Minister Nur al-Maliki and
Concerned for "a review in this paragraph corresponds to the Constitution," and warned
At the same time, the seriousness of non-activation of the Iraqi judiciary to eradicate administrative corruption
, Which now hamper reconstruction efforts in the country. "


Sotaliraq.com

Originally Posted by AlwaysDreaming

I noticed too! When I peaked a few minutes ago was at 1835.7, definately moving in the right direction and moving much faster than it used to

I pay attention to this on AMEinfo.com pretty regularly and I was excited to see the increase in value against the Euro, but when you compare the chart for EURIQD vs. the EURUSD over the last 30 days, the decline in the Euro value is almost identical. Unfortunately this tells me that the decrease in value of the Euro next to the dinar is tied to it's weaking to the USD, and not a real increase in the Dinar value.

That's just my take on it, and there are obviously other market factors there as well, but it does seem to further support the argument that the dinar is controlled by the value of the dollar.

Originally Posted by Pooh Bear

I pay attention to this on AMEinfo.com pretty regularly and I was excited to see the increase in value against the Euro, but when you compare the chart for EURIQD vs. the EURUSD over the last 30 days, the decline in the Euro value is almost identical. Unfortunately this tells me that the decrease in value of the Euro next to the dinar is tied to it's weaking to the USD, and not a real increase in the Dinar value.

That's just my take on it, and there are obviously other market factors there as well, but it does seem to further support the argument that the dinar is controlled by the value of the dollar.

Yes! That's what I was trying to say in my last post, just a few up from yours. Of course, you worded it much better than I did. As I said, it's been a very long week for me. Thanks Pooh...

When they were lifting the price of fruits and vegetables in the 1990s, the ministry did not intervene in the matter and is still the case until now because the country was moving toward a market economy have become members of the WTO, these conditions have to halt the state's intervention in the market

This is the part I was talking about ..

Originally Posted by Adster

Nice one Wardy. Remember this was only 3 years ago it was at that rate. No reason why in time they won't get back to that.

I absolutely agree! I really cannot understand how anyone can miss the idea. It is as plain as day.

13 October 2006 (BBC Monitoring)

The Iraqi arena is witnessing a feverish race between two opposing trends: the first insists on the unity of Iraq, land and people, and the second calls for the partition of Iraq under various names. In the meantime, the Iraqis are drowning in a sea of blood, the infrastructure is being destroyed, and the Iraqi people are dispersed in various parts of the world, seeking escape.

The most dangerous thing that happened to Iraq after its occupation in 2003 was the formation of the so-called Governing Council, which was established on religious, sectarian and ethnic bases. Not content with control of land and destiny, the occupation booby-trapped the Iraqi fabric by playing on sensitive nerves in implementation of the imperialist "divide-and-rule" policy.

Iraq's Civilian Governor Paul Bremer then succeeded in hitting Iraqi society with a poisonous arrow through the rotation of the presidency of the council - a rotation which covered all religious, denominations and ethnicities. Sectarianism reared its head after it found in Iraq and its surroundings a fertile ground that prompted some new Iraqi leaders to strongly demand that Iraq be partitioned into provinces under the umbrella of federalism. The US administration complied with these demands through the independent commission formed by Congress with the approval of President George Bush. This commission recommended the partition of Iraq into three provinces enjoying a high level of independence, with each province responsible for its own security and the central government responsible for foreign policy, the safeguarding of the border and the distribution of wealth.

In return for this recommendation, which - if it succeeds - will lead to the establishment of three mini-states and will be a prelude to the division and fragmentation of the region, Mecca hosted a preparatory meeting for the joint religious initiative conference. The meeting, which was attended by senior Iraqi Sunni and Shi'i scholars and clerics, was aimed at formulating a joint charter to be signed by Sunni and Shi'i religious leaders and Muslim scholars from other nationalities to unite the fatwas [religious edicts] outlawing fighting between Sunnis and Shi'is and stopping the daily incidents and sedition between the two sects.

The effort by the US administration to partition Iraq is contrary to the aspirations of the Iraqi people. The Mecca meeting might be the beginning of charting the course for bringing Iraq to the shore of safety.

The opportunity is still available to the Iraqis - if they are still sincere to their homeland and religion - to adhere to unity and spoil the plans of those who are fishing in troubled water.

Source: Al-Watan website

Saudi hosts Iraq talks to counter partition moves | Iraq Updates

Whew! I just got caught up with all the post this morning.

WOW, some great info today. I have to say you guys are awesome! I love the dialog I find here compared to...... well you know.

Keep it up gang, you are much appreciated!!

Originally Posted by kiko

I need some help here. Just found this post of yesterday on IIF.
It quotes an article but no link is provided with it.
Has somebody seen this article somewhere. They say it is from yesterday.

It is about the use of non market fixed rates and the use of the real exchange rate in an unofficially way.

Banking & Finance

Banking and Finance have undergone dramatic changes through the introduction of the new Foreign Investment Law (CPA Order No. 39, as amended) and the new Bank Law (CPA Order No. 40). The following is a summary with respect to main institutions in this area.

Central Bank of Iraq

The Central Bank of Iraq's ("CBI") authority to loan funds to Iraqi government ministries was suspended under CPA Order No. 18, and the CBI was authorized to determine monetary policies without approval from the Iraq Ministry of Finance.
In the past, CBI has been very protective with inflexible policies on exchange control. The government controlled foreign exchange using non-market fixed rates. This meant that money exchange at real rates used to take place by way of unofficial transactions, which in many cases contravened prevailing Law.

Foreign & Commercial Banks

The new Bank Law permits the establishment of foreign banks in Iraq, including majority or wholly owned subsidiaries of existing foreign banks or bank holding companies. Foreign banks may enter Iraq as branches subject to comprehensive supervision on a consolidated basis by a supervisory authority in the country in which the foreign bank's head office is located. Licensing of commercial banks in Iraq requires approval of CBI, and following Iraq's announcement to license six foreign banks, CBI has chosen three foreign banks through an application process, as eligible for licensing.

In 1964, all foreign banks operating in Iraq were nationalized, leading to the formation of one government owned and controlled commercial bank called Rafidain Bank. Consequently, no foreign or Arab banks were permitted to operate in Iraq during the past forty years. Rafidain Bank was later followed by a second government owned bank, Rashid Bank. Following the first Gulf War in 1991, the former regime authorized the formation of private banks, however, these banks were prohibited from conducting international transactions.

The new Bank Law provides that in the event of a conflict between the Bank Law and the provisions of any other Iraqi law, the Bank Law shall prevail.

Trade Bank of Iraq

The Trade Bank of Iraq ("TBI") was established pursuant to CPA Order No. 20. TBI has the character of an independent governmental entity, which provides financial services to facilitate Iraq's imports and exports. TBI is operated by a consortium lead JP Morgan Chase & Co. and its profits are to be distributed to the Development Fund for Iraq.

Looks like an importan article telling they are using 2 books like suggested before!

If you guys know more share please!

Sounds like the CBI can change the exchange rate legally now without the approval of the MOF. Now, we will see some seriuos changes taking place. JMO