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

Originally Posted by Dinar Duchess

Yes I am too, I cant wait until tomorrow to see how the auction is gonna go. It is difficult to know at the moment whether the exchange rate will be dropped by a few digits a day or whether they will just go for it at 1 : 1. I keep thinking about that report that said.. what was it.. 1350 by the end of the year, but if that was the case, IMO I dont think it will achieve what is needed. Its almost like they are delaying pressing the reval button.

Will there be an auction tomorrow? Seems to me that the last time a curfew was impossed that the banks were also closed at that time. Hope I'm wrong but I don't believe well see any changes for a day or two.

Too many Coincidences to overlook!

Just simple reliable, secure, hassle free bill payment using the latest technology. Upon payment of any bill you will be issued with a valid receipt recognized by all eJaby bill issuing entities in Iraq.
Warka Bank Official Webiste

Originally Posted by CharmedPiper

In regards to the EJABY that Warka is now using...I did a little searching and found it is used widely in Jordan. Below is the Jordanian press release.....Looks like electronically they are up and running.

Jordan Commercial Bank Signs Deal With PaymentCentric to launch "eJABY" bill payment service
Released by: [email protected]
2005-11-02 05:24:04

Summary:
Jordan Commercial Bank Signs Deal With PaymentCentric to launch "eJABY" bill payment service

For_Immediate_Release:
Amman, Jordan (November 2005) – Jordan Commercial Bank (JCBank) recently signed an agreement with PaymentCentric Co. to deploy the innovative "eJABY" service that will allow users to make monthly bill payments electronically at any JCBank branch or through its various electronic channels.

PaymentCentric is the first of its kind in Jordan and has successfully introduced its "eJABY" bill payment service which is an integrated electronic bill payment service that allows the public to pay most of their recurring bills in real time at over 550 certified eJaby payment depots spread throughout the kingdom.

All JCBank customers can now pay their bills at any eJABY payment depot. The customer receives a unique reference number printed on the receipt provided from the bill issuer as a confirmation of each bill paid. By using the eJABY system to pay bills, JCBank customers can now settle their accounts with greater efficiency and reliability at a reduced cost.

Dr. Mohamed S. Asadi, Assistant General Manager, Retail Banking & Technology at Jordan Commercial Bank stated, "The agreement between JCBank and PaymentCentric is a significant breakthrough in supporting JCBank's goal of offering its customers an increasing range of the highest quality services. eJABY is a distinctive service that enables JCBank's customers to pay their monthly bills efficiently and cost-effectively."

Dr. Asadi added, "The agreement between JCBank and PaymentCentric represents a result of a close working relationship between our two organizations that aimed at providing this innovative payment service to our customers."

Mr. Samir Mubarak, General Manager of PaymentCentric, added that, "The agreement with JCBank contributes to the company's earlier achievements and enhances its support for the banking sector in Jordan. We are very proud of this collaboration with JCBank. Today PaymentCentric offers its eJABY bill payment service through an extensive network of more than 550 payment depots available throughout the Kingdom via nine local banks and several money exchangers.”

JCBank operates through an integrated network of branches, ATMs, and a number of banking solutions. eJABY is a robust service which has enabled JCbank to significantly reduce processing cost of bill payments, and converts this process from one that is slow and non-profitable to one that is speedy and profitable. In addition, PaymentCentric’s eJABY service has helped enhance JCbank’s competitive edge through the offering of electronic and state-of-the-art added value services to its customers and end-users.

I agree that sometimes posts may appear to get a little off topic, but I think that's the nature of a public forum. I honestly believe that the majority of news eminating from and about Iraq is relative to our concerns.. whether the post says Dinar or not is irrelevant. I hesitated to post the article concerning Sunni - Shiite history in the "Latest News" thread knowing that it would be considered off topic, but thats where the conversation was at the time. Information has to be read, and then discussed for a forum to function properly and sometimes the direction of the discussion cannot (should not?) be controlled. I'm really not sure where else I would have posted the article anyway. Maybe another "Sticky" called ALL THINGS RELATIVE. How about a Thread on how to deal with off topic discussion? We could possibly come up with Ideas that could save Neno a lot of work. Just my thoughts

Originally Posted by bob1940

Big Beaut, hey guys is this pertaining to dinar? I hate to be a hardnose but if you read Nenos first page here, he has requested DINAR news and Links ONLY. lets all help Neno out here, and try hard to keep these Informative and interesting articles in the proper place. It is very good information on shite and Sunnie differences but I see no links to IRAQI DINAR Nor information regaurding the Dinar Movement. Neno's time is precious also/. Lets all try to keep the posts in the proper forums Thanks BOB

If you read from the attached site below and look at the GDP and how the 1990 movement of Jordan's GDP and then followed by their debt reduction on the graph/chart #5 & #6 on pages #6 & #7 respectfully; you can see the direct correlation on what will be and has been followed proportionally by Iraq.

If you recall the GDP is graphed by population and in effect; if you start driving down the population by birth to death ratio; they are murderously helping their GDP by killing each other off; shameful way to build a countries wealth and destroying it's youth!

https://www.oecd.org/dataoecd/53/14/36488608.pdf

Judge urges Iraq to halt the slide into civil war

(Voice of Iraq) - 11-25-2006
This issue was sent to a friend

International envoy urges Iraq to halt the slide into civil war

BAGHDAD (Reuters) - United Nations envoy warned Iraq on Saturday that the killings and "blind acts of revenge," which occurred in the past few days dismember Iraq and urged the government to resolve their differences and prevent a slide into civil war.

Ashraf Qazi urged the Special Representative of the Secretary-General of the United Nations, Kofi Annan, Iraq Iraq's neighbors also to provide assistance.

He said that the series of car bomb blasts on Thursday that killed more than 200 people in the Shiite and retaliatory attacks against the year is part of a vicious cycle of sectarian violence "is tearing apart the political and social fabric of Iraq."

The judge added in a statement : "No State can tolerate (a) such a cancer in their political" and called on all politicians and the people to show real determination to save Iraq.

The statement said : "This will not happen only through a national dialogue aimed sincere resolve major political problems and achieve national consensus in support of policies and procedures (designed) to prevent extremists from the destruction of Iraq."

He added, "Otherwise, Iraq will slide into civil war and the people become the victims of human rights catastrophe unprecedented."

There were sectarian animosity within the government, which was formed six months ago and led by Shiite politicians after exposure to the attacks. The government imposed a curfew on Baghdad since Thursday and called for calm in the hope of preventing the escalation of retaliatory attacks.

He met with President Jalal Talabani, a Kurd with prominent leaders in the government yesterday, Friday, for what he described as successful and frank exchange of views. He said that for the first time exchanged views in a frank. It is scheduled to convene another meeting on Saturday.

He said Tariq Hashemi of the Sunni deputy head of the Iraqi Al-Jazeera that it is incumbent on all parties to work together and speak the same language to send a letter similar to the Iraqi people.

However, the Iraqi Sunni cleric Harith al-Dhari prominent required under an arrest warrant issued against him this month on charges of incitement to sectarian violence accused the Iraqi government today, Saturday, of bias.

He said in a press conference in Cairo that the government was using sectarianism.

The Shiite cleric Muqtada al-Sadr has urged the fierce Friday to pass a fatwa prohibiting the killing of Shiites after a base of support for him in Baghdad and Sadr City for the bombings on Thursday killed 202 people.

Al-Sadr's aides also threatened to withdraw from the government if the Prime Minister Nuri al-Maliki with the American President George W. Bush as scheduled in Jordan this week.

Last week witnessed intense political activity between Iraq and its neighbors, especially Syria and Iran, to mobilize assistance for achieving stability in the country.

The judge said that there is no country in the region stand to gain from behind, "the current tragedy" in Iraq and therefore have an obligation to help everyone.

The statement added that "Judge ... He called upon the international community, especially Iraq's neighbors, to coordinate their efforts to enable government and the people of Iraq to meet the daunting challenges of violence, mistrust and divisions that threaten Barham. "

By Claudia Parsons

The extension of the curfew in Baghdad and lifted Monday

(Voice of Iraq) - 11-25-2006
This issue was sent to a friend
BAGHDAD (Reuters) - A spokesman for the Iraqi government on Saturday, the government extended the curfew for a third day to be lifted on Monday morning.

Skinner said on television that the government curfew that was imposed last Thursday in the wake of devastating explosions in the Sadr City neighborhood, which is populated by a majority of Shiites in Baghdad will continue for vehicles on Sunday.

Originally Posted by CharmedPiper

Here is a little trivia if you believe in coincidental events. It should make for a very very interesting auction tomorrow considering It will be November 26th and currently the CBI has the rate at 1441 and all the talk about President Bush and Prime Minister Maliki!!! Could this be our reval date and amount....hmmmmmmmmm!

1. (The beginning of the end of Saddam Hussein's reign). United Nations Security Council Resolution 1441 is a resolution by the UN Security Council, passed unanimously on November 8, 2002, offering Iraq "a final opportunity to comply with its disarmament obligations" that had been set out in several previous resolutions.

2. (Iraq's oil wealth breaks record) Iraq's Economy Has Made Real Progress In The First Two Months Of The New Unity Government. Most macroeconomic indicators are in positive territory, and Iraq has realized its highest oil production and export levels since before the war. Exports are averaging 1.47 million barrels per day for the year, and 1.60 million per day in June. Many challenges remain in these areas, but real progress is being made under the Prime Minister's leadership.

3. (Self-explanatory) November 26, 1984 in History
Event:
U.S. and Iraq regain diplomatic relations

He Charmed, great theory you found there!

I am not sure it will work out like this, but we will see tommorow, the 26Th.

Anyway, hell of a lot great detective work here.

Of course I hope you are right and I am wrong.

Originally Posted by lewscrew

Will there be an auction tomorrow? Seems to me that the last time a curfew was impossed that the banks were also closed at that time. Hope I'm wrong but I don't believe well see any changes for a day or two.

Yes, you could be right... Yesterday I put in my stock order to Warka and Mr. I replied today and said that it will not be purchased till Wednesday due to the curfew so maybe we will not hear for a few days... damnit I was looking forward to tomorrows auction

Originally Posted by kiko

He Charmed, great theory you found there!

I am not sure it will work out like this, but we will see tommorow, the 26Th.

Anyway, hell of a lot great detective work here.

Of course I hope you are right and I am wrong.

Hey, if it doesn't work out for tomorrow...I will dig up some other coincidences and we will shoot for Monday....! I am not ready to concede to December for a reval I am ready for a November reval!!!!!

Sorry if this was posted already

Raising pensions to cope with inflation
Iraq raises pensions to cope with inflation
25/11/2006
Source: Translated by IRAQdirectory.com

Iraqi government is currently engaged in taking large and quick actions in order to face the inflationary wave resulted in a sharp rise of the prices of many services and goods which burden those with limited income, especially government employees, because of the deteriorating income, which impacted negative economic and social backgrounds.

The government has approved an amount of one trillion, 480 billion dinars to support the unemployed and help them cope with living conditions. The estimated number of beneficiaries is more than 2 million families believed to be in need of support. Minister of Labor, Sheikh Mahmoud Radi, said the government adopted this amount in the 2007 budget to provide sufficient imports of a large number of job-seekers in order to subsidize their families, in addition to adopting the draft of social protection network to support the needy families.

It is likely that attracting the unemployed would help in reducing the incidents of violence, since the terrorist organizations trying to lure them with money to implement their plans. Prime Minister Nuri al-Maliki hinted, on more than one occasion, that the 2007 budget, which amounted to about $ 40 billion, is sufficient for operating a large number of projects.

Prepared & Translated By:
IRAQdirectory.com Team
Iraq Daily Business Updates

It is expected that more than one million government employee, of small ranks, will receive a salary increase up to 60% next January. Iraqi Ministry of Finance believes that the salaries of small grades will increase by 40 to 60% approximately. The ministry, according to special information, was working to activate the increase to subsidize the employees' salaries for months.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2649