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

BAGHDAD, Iraq (Nov. 21) - U.S. and Iraqi forces backed by helicopters swept into Baghdad's Sadr City Shiite slum in a dark-of-night raid Tuesday that netted seven militiamen, including one believed to know the whereabouts of an American soldier kidnapped nearly a month ago.

Angry Shiites denounced the raid and a lawmaker from the district stood outside the Imam Ali hospital, holding the body of a boy killed in the attack and vowing he would not return to parliament until all American forces were out of Iraq.

The U.S. command said Iraqi forces came under fire during the raid, and that U.S. aircraft returned fire.

The operation "detained an illegal armed group kidnapping and murder cell leader ... reported to have firsthand knowledge of the control and movement" of al-Taayie, the military said, adding that six other cell members also were detained.

Al-Sadr is a major political backer of al-Maliki, who had rejected American demands to disband the heavily armed militias and their death squads that have carried out a brutal campaign of revenge attacks on Iraq's Sunni minority in a cycle of violence following the Feb. 22 bombing of a Shiite shrine.

Al-Maliki, however, looked the other way during most recent joint U.S.-Iraqi raids, an about-face his aides said was prompted by anger over the U.S. soldier's abduction and a mass kidnapping carried out this month by suspected Mahdi Army gunmen.

After Tuesday's raid, a Shiite legislator Saleh Al-Ukailli cradled the body of the dead child outside the hospital morgue and angrily condemned Iraq's government for allowing such attacks.

"I am suspending my membership in parliament since it remains silent about crimes such as this against the Iraqi people," al-Ukailli said. "I will not return to parliament until the occupation troops leave the country."

The boy's body was wrapped in a bloodstained cloth, with only the face visible. Nearby, minivans left with two wooden caskets on their roofs.

Al-Ukailli is one of 30 legislators in Iraq's 275-seat parliament who follow al-Sadr, whose main offices are in Sadr City.

In parliament, Iraq's brutal sectarian conflict had Sunni and Shiite legislators trading blame for the relentless bloodshed in the streets.

The shouting started when Shiite legislator Jalal al-Saghir said the Iraqi army should be deployed in Baghdad's predominantly Sunni Adil and Jamiaa neighborhoods to prevent attacks on Shiites, the majority nationwide but the minority in those areas.

The dean of the Sunni bloc, Adnan al-Dulaimi, who lives in Adil and whose Iraqi Accordance Front holds 44 seats, took it personally.

"Sheik Jalal is one of those who incite sectarian strife. I wish he wouldn't speak this way. It's a conspiracy!" al-Dulaimi shouted. "When he speaks about the Adil neighborhood, it means he is speaking about me."

"We have extended our hands to you (Shiites) for the good of Iraq. We ask you to respect us, to respect our existence. But, as I have said before, you here in parliament treat us as if we were fire worshippers or Jews," al-Dulaimi said.

After more angry outbursts during which his hands visibly shook, al-Dulaimi stormed out of the chamber.

On Monday, al-Maliki charged that some parliament members had links to the militias and "terrorists" who are stoking violence. The prime minister said those lawmakers, whom he did not name, should resign.

As the verbal clashes tapered to a close, Kurdish politician Mahmoud Othman said "what we heard from the brothers here and what you see in the Iraqi streets of blood, killing and kidnapping all indicate the seriousness of the political crisis."

Also Tuesday, Iraq and Syria, which severed diplomatic relations 24 years ago, restored links in a development that could stem some of Iraq's unrelenting violence. Both Iraq and the U.S. have challenged Syria over its role in supporting Iraq's Sunni-Arab insurgency.

Syrian Foreign Minister Walid Moallem came to Iraq on Sunday, the first such visit by a senior Syrian official since the 2003 fall of Saddam Hussein's regime.

Violence in Iraq declined Tuesday, with police, morgue and hospital officials reporting 33 people killed in sectarian violence. At least 44 tortured bodies were found dumped throughout central Iraq.

Police said three Iraqis, including the boy, were killed and 15 wounded. No soldiers were hurt, the military said.

The raid came just weeks after Prime Minister Nouri al-Maliki, a Shiite, had taken on the role of protector of the sprawling Sadr City district by ordering the U.S. military to lift a blockade of the slum.

American forces had sealed the district for several days looking for kidnapped U.S. soldier Ahmed Qusai al-Taayie, a 41-year-old reservist from Ann Arbor, Mich. He was visiting his Iraqi wife in Baghdad on Oct. 23 when he was handcuffed and abducted by suspected rogue gunmen from the Mahdi Army, a militia loyal to radical Shiite cleric Muqtada al-Sadr.

The 3 a.m. assault in the east Baghdad grid of streets lined with tumbledown concrete block structures and vacant lots was the third in four days by U.S. and Iraqi forces

Originally Posted by webinvestor

The synopsis states:
The program discussed the financial sector and money markets in Iraq, with a special focus on the role of the Central Bank of Iraq.

The program addressed the following topics:
• Regulation and stocking of Iraqi currency
• Monitoring of credits according to the general monetary policies of the government.
• Fixing the rate of the Iraqi Dinar and fighting inflation
• Partnership opportunities between local and international private banks

The three guests from the Central Bank discussed the bank’s plan to enhance the Iraqi banking sector and financial markets throughout 2006. They highlighted a series of steps that have already been taken, including:
• Establishing the Central Bank’s independence from the Ministry of Finance
• Training 70% of the bank’s staff on international best practices
• Printing a series of 14 new Iraqi Dinar notes and coins

Wish i could understand Arabic and listen to the whole conversation...

Just confirms that we know there are 5 denoms that have not yet been released, when will they be? Has to be soon. I believe the conversation goes into more details, hence be great to get a translation. Maybe Dan/Apollo or someone else can look into this, could be of huge importance to the puzzle.

Also mentions Fixing the rate of the dinar. That is not fixed IMO by dropping it a pathetic 22 points.

Sooner or later they have to push the big button and make bigger steps. Seems to me that they're trying to raise the value very gradually to curb the inflation, hardly going to work by the amount they're raising it whilst pulling as much dinar out of circulation that they can. A last resort. They've tried everything but the reval, and this has to be next.

Originally Posted by Frank Rizzo

Venezuela's oil costs more to refine... Middle East oil is the highest quality you can find.

did you mention the troops struck oil 99x out of 100 when they were drilling for water. some only 10 FOOT DOWN.

simplest oil to refine in the world.

reports from troops who have guarded seizmograph teams in iraq verify they were IN FACT there and other reports from actual employees of said companies which report they found more oil than saudi ever thought of having.

and i am stressing these points to a person who says they invested in the dinar in good faith and arent pessimistic about it? NOT.

Originally Posted by Elfwizard

What about Venezuela? They have massive oil reserves, go check there currency.

Plus, there are reports that say Venzuela has peaked out...
Oil reserves - Wikipedia, the free encyclopedia

Iraq leaders still wrangling over oil law

November 22, 2006
BAGHDAD (Reuters) — Senior Iraqi officials will resume negotiations on Thursday to try to resolve a dispute over a bill intended to encourage foreign investment in the oil and gas industry, the government economy chief said on Tuesday.

"The Oil Committee is going to resume its meetings on Thursday to discuss the Oil Law," Deputy Prime Minister Barham Salih told Reuters by telephone.

"Signing contracts remains a matter of dispute," he added, saying there was still debate about whether regional governments should be able to sign contracts with foreign oil firms without the approval of the central government in Baghdad.

Oil Minister Hussain al-Shahristani has said his office must have ultimate control over Iraq's vast oil reserves and has criticized deals already signed with Norwegian and Turkish firms by the autonomous Kurdish regional government in Arbil.

Kurdish Prime Minister Nechirvan Barzani has hit back in turn, defending his constitutional rights in the sector.

Description of Selected News

Maybe this is the reason for the on again, off again, and the same reason banks give the no one day and yes the next...

Originally Posted by Adster

Morning all,

This is interesting read. Wouldn't mind knowing what the videos are saying in Arabic, could be a huge sign on the new 5 denominations we're waiting on. Anyone could get this translated could be well worth it.


http://www.cipe.org/regional/mena/ir...nopsis_ep6.pdf

lol, ive had that in my favorites since last year.

Announcement No.(811)

D.G. of Foreign Exchange Control

The 811 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 11/ 22 so the results were as follows :

Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1444 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 11.435.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 11.435.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(3.025.000) at a rate of(1444+1+10=1455)IQD\USD .
The amount sold to make transfers abroad was USD (8.410.000) at a rate of (1444-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Originally Posted by Adster

Just confirms that we know there are 5 denoms that have not yet been released, when will they be? Has to be soon. I believe the conversation goes into more details, hence be great to get a translation. Maybe Dan/Apollo or someone else can look into this, could be of huge importance to the puzzle.

Also mentions Fixing the rate of the dinar. That is not fixed IMO by dropping it a pathetic 22 points.

Sooner or later they have to push the big button and make bigger steps. Seems to me that they're trying to raise the value very gradually to curb the inflation, hardly going to work by the amount they're raising it whilst pulling as much dinar out of circulation that they can. A last resort. They've tried everything but the reval, and this has to be next.

I have had this also in my favorites, but its in streaming format and I can't save it! This is the problem because our internet connection is real slow at the office (yeah, I know, an internet based company with slow internet... Well high-speed isn't available in the area we are in, who'd a' thunk?)

I can watch it at home, but I need to save it so I can show it to our Arabic instructor. If someone can figure out a way to save it and send it to me, please let me know and I will get it translated. Its an hour long (I think) and who knows where the part is that talks about the 14 denoms, but I will sit him down and get to the bottom of this.

I have tried different programs, but so far nothing...

Dan

Originally Posted by _Apollo_

I have had this also in my favorites, but its in streaming format and I can't save it! This is the problem because our internet connection is real slow at the office (yeah, I know, an internet based company with slow internet... Well high-speed isn't available in the area we are in, who'd a' thunk?)

I can watch it at home, but I need to save it so I can show it to our Arabic instructor. If someone can figure out a way to save it and send it to me, please let me know and I will get it translated. Its an hour long (I think) and who knows where the part is that talks about the 14 denoms, but I will sit him down and get to the bottom of this.

I have tried different programs, but so far nothing...

Dan

Dan, you need to move!

Serious though, there could well be something in this translation in the video about the smaller denoms, be great to know. Can you not just save it to a disc from home then take it to the office?

Originally Posted by PopaDinar

Announcement No.(811)

D.G. of Foreign Exchange Control

The 811 daily currency auction was held in the Central Bank of Iraq day Wednesday 2006 / 11/ 22 so the results were as follows :

Details Notes
Number of banks 11 -----
Auction price selling dinar / US $ 1444 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 11.435.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 11.435.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(3.025.000) at a rate of(1444+1+10=1455)IQD\USD .
The amount sold to make transfers abroad was USD (8.410.000) at a rate of (1444-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

wow, higher, smaller, EARLIER! that last part is what freaked me out...