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

Economic Mineral Wealth : The Iraqi Constitution

The struggle of my right Saad Allah Notes found, after exhaustive study of the articles of the Constitution of the Republic of Iraq, which had been endorsed overlooked topic to the mineral wealth while there is no indication that the oil, gas and water in the articles of the Constitution has not been any reference to the mineral wealth in the new Constitution of the Republic of Iraq. The mineral wealth in Iraq have a strategic significance no less importance than the wealth of oil and gas to Iraq possessed of large reserves of minerals such as phosphate, sulfur, and the other may represent one of the basic pillars of the national economy, and must take into account the mineral wealth that belongs to future generations and it is necessary to be a legal guarantee of good investment so as to the supreme national interest in the preservation of this wealth, as well as the development of the mining industry in Iraq. Organized by the geological survey and mineral exploration and investigation in Iraq, the decision of the Revolutionary Command Council dissolved No. 325 in 1990 / April 6 and the investment operations Applai and mining law (No. 91 of 1988 as amended) and authorized the Company for Geological Survey and Mining / Ministry of Industry and Minerals and continues to implement e Settlements laws in force so far under Article (126) of the new Constitution, however, in the light of political and economic realities in the new Iraq and which contents of the new Constitution there was a definite need to re-examine the legal legislation relating to the geological survey and mineral exploration, investigation and investment mineral wealth, which requires the issuance of new legislation commensurate with the new reality so as to achieve the organization and coordination of work between the federal government, regions and provinces in this regard must be material and clear in the Constitution on which this legislation. That geological survey and mineral exploration and prospecting operations are completely targeted to obtain information to assess the supply of mineral wealth and create opportunities to invest, should be a reference point for the geological information storage, handling and updating and maintaining the wealth of information and there should be legislation to ensure the shelf d this point of reference, including new information and the organization of circulation between the center and the regions and governorates that this information will be available to all official bodies concerned in the regions and provinces as well as the private sector for the purpose of promotion and development of the mining industry in Iraq. It should be noted that all federal government-federal or central point in the world mean activity associated with geological and mineral central federal government and of the strategic importance of the mineral wealth in any country in the world, and an example of the United States, India, Britain, Germany, Switzerland and other Ha. Call gentlemen and ladies members of the House and the Iraqi authorities to study the amendment of the constitution to discuss the development of mineral wealth in the Constitution through the addition of these refers to the national wealth and how to dispose of them.

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Political first : Al-Maliki starts official visit to Turkey today

Baghdad-Sabah Enter Prime Minister Nuri al-Maliki day visit to Turkey to discuss the prospects for cooperation between the two countries and to update stabilize Iraq's relations with neighboring countries. A source in the Prime Minister's Office for the "morning" : The delegation including seven ministers and four members of the House of Representatives as well as a number of advisers and deputy ministers accompanying Maliki in the visit. He explained that the ministers are Hoshyar Zebari, the foreign minister and the statement of Jabr Al-Zubaydi, Minister of Finance, Karim Wahid, Minister of Electricity and Hussein Shahrastani Oil Minister Abdel farmer and the Sudanese Minister of Trade and express Nazim Aboudi Minister of Agriculture and Shirwan Alowaeli and Minister of State for National Security Affairs. As well as Yassin Majeed Media Advisor in the Office of the Prime Minister. The source added that members of the House who are on the accompanying Maliki writer and Iyad al-Samarra'i, Hassan al-Shamri, Humam Hammoudi. In Ankara announced a spokesman for the Turkish prime minister said yesterday that Maliki will be today, Thursday, will hold talks in Ankara with his counterpart Recep Tayyip Erdogan on bilateral relations and the PKK.

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Iraq : Iraq begins exporting oil to Jordan early next year.

Completion of the transportation arrangements Amman-Abdul Jabbar al-Azzawi Egyptian Minister of Transport Eng Saud Al-Nusseirat health news about Iraq began to provide Jordan with oil at 10 thousand barrels per day, and at a preferential price hit 18 dollars a barrel. The minister's statements in the wake of what the German news agency a few days ago by the Iraqi media source "empowered" That Oil Minister, Dr. Hussein Shahrastani said that "Iraq started supplying Jordan with ten thousand barrels of crude oil at preferential prices up to 18 dollars." He expressed the hope that the amounts transferred to 30 thousand barrels per day. The Nusseirat in press statements that the tank fleets ready for about two months for the transfer of Iraqi oil - that the technical aspects of the Iraqi side is still objects to begin the process of the actual transport. Meanwhile, the Secretary-General of the Ministry of Energy and Mineral Resources Eng. Khaldoun Kutaishat expected that the Jordanian side of his completed all the procedures for transfer of the company during the Jordanian-Iraqi Company for Land Transport, It bears the responsibility for ensuring the transport of oil through its ties in Iraq. He emphasized that some of the technical obstacles from the Iraqi side are still preventing the start of the transfer. The Iraqi and Jordanian sides signed a memorandum of understanding during a visit by Jordanian Prime Minister Bakhit known to Baghdad in the last month of August, The supply Jordan with 30% of its daily needs of crude oil, amounting to about 100 thousand barrels at preferential prices has not announced officially until now. Al "Sabah" that the Ministry of Transport of Jordan closed door presentation to tender transporting oil from Iraq last Thursday as progress of the tender to five companies will be evaluated technically and financially by the middle of next month. in preparation for the selection of the most appropriate company for the transfer of Iraqi oil from the beginning of next year, As will be "the Iraqi-Jordanian company" oil to Jordan until that time. The ministry raised bid early last October to rehabilitate oil transporting companies. For his part, he said the company's general director of the Iraqi-Jordanian Land Transport Ghassan Frkoh that, until last Saturday, had been transferred or hold any quantities of Iraqi oil. It is noteworthy that the talks held last week between the two sides gathered in the Dead Sea Oil Minister, Dr. Hussein Shahrastani, and officials from the Ministry of Energy and Mineral Resources of Jordan. He got the Jordanian side during the talks on the assurances on the mechanisms of the arrival and transfer Iraqi oil to the Zarqa oil refinery in particular those related to the aspects of security, protection and secure access transport fleet into Jordanian territory. This will be the transfer of Iraqi oil to Jordan in stages. It will transfer 165 thousand tons in the first stage and the period of four months, at a daily rate of up to 1370 tons. It will increase during the next year.

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Maliki begins official visit to Turkey

Left Prime Minister Nuri al-Maliki today, Thursday, heading to Turkey for an official visit, accompanied by the ministers of foreign affairs, finance, oil, electricity, trade and transport, in addition to the four members of the House of Representatives. An official at the Council of Ministers that he "will be discussed during the visit, the security situation in Iraq. particularly the Kurdistan Workers Party, and the emphasis on the prohibition of its activities in Iraq. " The source added that "the delegation will discuss cooperation in the fields of oil, electricity, trade and the activation of the transport sector in the field of transportation of goods."

(8:05 Baghdad time)

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Maliki confirms desire Hakomhvi building relations of friendship and respect with all countries

Prime Minister Nuri al-Maliki "to guide the new government in Iraq is to build relations of friendship and respect with all countries that wish to strengthen relations with it." He added Maliki, during his meeting Slovenian Prime Minister Janez Jansa and the delegation accompanying him yesterday, Wednesday, that "Iraq looks forward to a good relationship with the European Union, He presided over Slovenia to the European Union in 2008 a good opportunity to develop relations between the two sides. " For his part, the Slovenian Prime Minister, "The European Union is aware that stability in Iraq is important for the stability of the region and, therefore, it is important to the security of Europe." , adding that "his country is looking forward to the signing of the cultural ties with Iraq."

(8:59 Baghdad time)

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HELP!
can anyone give me an update please of whats been going on I'm a day and a 1/2 behind. My 6month old is teething and well only wants here mommy and won't take a nap, lets just say it's been some very sleepless nights and days.
Thanks in advance
Hope full

I hope this helps, cbi's latest rate is 1455, and were waiting for today's rates, they normally have their auctions in about 15 min, but no telling when they'll post.
Everything's looking really good towards the r/v
Oh yea and a post by Apollo on pg. 36, post #352 you might want to read.




Originally Posted by kiko
Nice find MrsCK.

I also saw the post of wm.knowles that he also thinks they are already running their own program. I got the feeling this last IAMB meeting is only a formality but that it is all arranged behind those doors.

Think about it. They had the ICI final meetings on the 30/31 of october. At this point they also planned the IMF Article VIII which was first planned in december.

After these meetings we hear about enacting/implementing the ICI in December but we never heard about Article VIII which lifts the restrictions off the currency.

Then comes out that they will negotiate with the EU on the 20th november. Negotiating is the last step to a full membership which requires an international currency.

Then we also had the FIL passed and should be enacted within a month. This FIL is ready but will be announced together with the RV. I am certain of it.

Then we see for the last week that the CBI is buying back dinars and removing from circulation and see movement in the exchange rate, last two days 5 points a day.

Then the CBI and Minister of Finance starts talking about improving the exchange rate and monetary policy.

I know it is speculation, but as mr.knowles already said, there is only 1 more auction this week and there is sunday. He also told us that he felt it like a panic action to buy as much back in a short period.

I personally think that the CBI will do the same tommorow and maybe even Sunday but I think the RV is in process and that it will come this weekend before the EU negotiations on the 20th.

And there is also the BoA that started selling (some and some not but it is a start) and an email from Warka posted today that there will be no ISX trading session also on Monday the 20th.

Hmmmmm, nice and strange things are happening right now, more and more good news is coming out.

This could be our weekend!!!


Nice recap Kiko With my starting a new job I haven't been able to get on RolClub and participate as much as I use to.

THANK YOU! very very much

Originally Posted by Hope Full

THANK YOU! very very much

I standby what I said a few hundred pages ago! All is being done behind closed doors. The more they buy back and the longer the delay the higher the reval. The rate is currently being set now IMO.

All good, one day we'll wake up and it will be done just like that......

Iraq-Currency
Highest dinar rate to dollar in 2006-Central Bank
Baghdad, Nov 15, (VOI) – The Iraqi dinar scored on Wednesday its highest exchange rate through year 2006 at the Iraqi Central Bank daily auction , fetching 1,455 dinars compared to 1,460 dinars in the previous session.
Demand was up to $64.960 million from $62.540 million on Tuesday, the bank said in its daily statement.
The bank covered bids which were $27.350 million in cash and $37.610 million in foreign transfers.
None of the 19 banks participating at Wednesday’s session offered to sell dollars.
On Tuesday, Mr. Ali al-Yasseri, exchange company owner, told the independent news agency Voices of Iraq (VOI) the Iraqi central bank adopted “ a series of tough measures to bring down inflation.”
The measures included, among others, offering selling dollars with higher dianr exchange rate against dollar, he added