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

Originally Posted by Texas_Tea

Well, I hope something happens soon. My thoughts are after the rate reach the 1365 or higher range then the dinar will reval soon afterward. Here is to crossing my toes and fingers.

But this was the Chase Bank exchange rate. Not CBI's. It is as of now 1441 to $USD, and we want it to go down in the count not up.

Announcement No.(812)

D.G. of Foreign Exchange Control

The 812 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 23 so the results were as follows :

Details Notes
Number of banks 6 -----
Auction price selling dinar / US $ 1441 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 5.290.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 5.330.000 -----
Total offers for selling (US $) ------ -----

1. Cash amounts sold to the bank and its customers were USD(1.290.000) at a rate of(1441+1+10=1452)IQD\USD .

2. The amount sold to make transfers abroad was USD (4.000.000) at a rate of (1441-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Originally Posted by neno

But this was the Chase Bank exchange rate. Not CBI's. It is as of now 1441 to & &USD, and we want it to go down in the count not up.

ok, let me try this again My thoughts are that once the CBI reaches the rate of 1365 (when i was stating higher, i meant the value of the dinar)...sorry for those who mis-understood...I guess when talking about the rate it would mean lower. So lets just say the rate of 1365 or lower I am hoping that the dinar will reval soon after. Guess I got my tangue tungled.

Originally Posted by Texas_Tea

ok, let me try this again My thoughts are that once the CBI reaches the rate of 1365 (when i was stating higher, i meant the value of the dinar)...sorry for those who mis-understood...I guess when talking about the rate it would mean lower. So lets just say the rate of 1365 or lower I am hoping that the dinar will reval soon after. Guess I got my tangue tungled.

Just to clarify we are on the same page.

Originally Posted by shotgunsusie

Is Iraq on the verge of a coup?

Is Iraq on the verge of a coup?

TEHRAN, Nov. 25 (MNA) -- The terrorist bombings that killed more than 220 residents of Baghdad's Sadr City on Thursday have caused great concern among Iranians.
The bloodshed happens at a time when U.S. forces are responsible for maintaining security in important areas of Iraq’s cities. The increasing insecurity and the focus of the terrorist attacks on the Shias show that there is an organized conspiracy against the Iraqi majority. The secret visit to Baghdad by U.S. Vice President Dick Cheney and former secretary of state James A. Baker, who is currently the chairman of the Iraq Study Group, is part of the conspiracy. As these developments were unfolding, it was announced that Tariq Aziz, the former Iraqi foreign minister and close aide of deposed dictator Saddam Hussein, would be released from prison. In fact, these events are all part of a new U.S. plot to topple Iraqi Prime Minister Nuri al-Maliki’s elected government and hand control of the country to Baathist elements. After 43 months of occupation, the United States’ plans in Iraq have come up against a wall. U.S. officials believe the root of their failure is the fact that the Shias are attempting to gain their rights through democratic elections. But U.S. officials unrealistically imagine that the Iraqi minority can best guarantee U.S. interests in the war-torn country because they enjoy the support of some Arab states. This minority, which had a tight grip on power for more than eight decades, refused to grant key roles to the majority because they were accustomed to seeing transfers of power only through military coups. At this stage, the U.S., under the influence of certain regional powers, has come to the conclusion that this minority, due to its geographical and ideological position, can help Washington in the implementation of the New Middle East Initiative. In light of the events that have taken place in the world over the past decade, the theory appears very illogical because if the minority comes to power in Iraq, international terrorism would probably intensify. 9/11 and the terrorist attacks in London and Madrid proved that Arab terrorists with false religious interpretations that have nothing to do with the true Islam can seriously threaten global security if they acquire a secure base. The Baathists’ return to power could provide just such a base for the terrorists who are responsible for the bloodbath in Iraq. Iraq’s new government has been established through free elections. Helping the Maliki government suppress the Arab terrorists and uproot terrorism in the country is the only way out of the current crisis. The United States has no alternative but to hand over security affairs to the Iraqi government and gradually withdraw its troops from the country because the era of military coups, like the ones that happened in the 1960s and 1970s, is over. If the U.S. intends to bring the Baathists back to power, not only Iraq but the entire region will witness a new crisis whose repercussions will be felt by regional and extra-regional powers. RMN/RS/HGENDMNA

Surely none of the dinar gang will believe this BS! This 'News' is coming from Iran. What can you expect. It's war mongering alright.
Cop this bit especially

"it was announced that Tariq Aziz, the former Iraqi foreign minister and close aide of deposed dictator Saddam Hussein, would be released from prison. In fact, these events are all part of a new U.S. plot to topple Iraqi Prime Minister Nuri al-Maliki’s elected government and hand control of the country to Baathist"

Next thing we know they will install Saddam in power. Yea, right!

The meeting of the Arab Iraq December 5 to take a stand

(Voice of Iraq) - 11-26-2006
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The meeting of the Arab Iraq December 5 to take a break

Cairo-Union : the Arab League Council decided at an emergency meeting held yesterday in Cairo at the level of permanent delegates to convene a meeting of the Commission of Iraq at the level of foreign ministers on December 5 next to discuss the developments on the Iraqi arena and adopting a unified Arab watershed in this regard ·
The Council strongly condemned the acts of murder and sectarian violence in Iraq and called on all foreign forces to stop foreign interventions that contribute to foment sectarian sedition · He expressed grave concern at the recent developments aimed at devote disunity among · components of the Iraqi people and demanded that the Iraqi government and the political and religious leaders of Iraq Yeh take immediate measures to stop all acts of sectarian violence and sparing the Iraqi people the tragedies that undermine the unity, security and stability and called for setting a timetable for ending the occupation · The Council called on religious leaders in Iraq to appeal prohibiting Iraqi blood and to reject all attempts to be dragged into sectarian war, which j Ridha enemies of Iraq ·

Talabani : agreement to participate in decision-making

(Voice of Iraq) - 11-26-2006
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Baghdad-News Agencies : The Iraqi president, Jalal Talabani, that the political council of national security consisting of the heads of the republic and the government, the Parliament and their deputies and the President of the Kurdistan region and the heads of parliamentary blocs and partisan, and the ministers of defense, interior and national security yesterday evening, I discussed ways to ensure "effective participation" of all parties to take the cascade. Rarat within the Iraqi government, after threatened parliamentary blocs of the Year Arabs withdraw from the political process has not been "balance" in the state's institutions ·
He said Talabani told reporters, "The meeting was successful and everyone agreed on the real and effective participation of all parties to the national unity government in decision-making and to unify the political ·" and added, "were exchanged observations and suggestions Quite frankly, for the first time, the need to promote national unity and strengthen the government is working to weaken them so that the genuine contribution in the management of the country and respond to terrorist groups and militias unleashed berserk and undisciplined and preventing hostile media to be encouraging for the security of information and ideas, rejecting terrorism "·
He deplored the "exaggerations and rumors flying in the sky" · He said, "We believe that the problem is political security, not only solve the security procedures and must be political consensus to take a unified stand against terrorists and militias "· He explained that the Board would take" the necessary decisions "to face the repercussions of bloody explosions in Sadr City last Thursday ·
The Talabani to postpone its planned visit to Tehran yesterday to meet with his Iranian counterpart Mahmoud Ahmadinejad for an indefinite period due to the closure of Baghdad International Airport, resulting from the imposition of curfews Open · But news agency, "Faris said," Iranian quoting reports from Baghdad that he would begin his visit to the Iranian capital for a period of three William, today, Sunday, ·

Summit outlines strategies for microfinance industry in Iraq

Thursday, November 23rd 2006
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The Iraq National Microfinance Summit organized by the U.S. Agency for International Development (USAID)-funded IZDIHAR project Nov. 14 to 15 in Erbil attracted more than 100 participants to a discussion of the role of microfinance in economic development and job creation in Iraq.

The audience included Iraqi and international microfinance practitioners, private sector partners, government officials, international financial institutions and USAID representatives.

"The Summit for the first time brings together all the stakeholders to take stock of the industry as it exists today," IZDIHAR Chief of Party Baljit Vohra said at the Summit. "Microfinance, as defined in Iraq, creates employment and self-employment opportunities. We look forward to the deliberations of this summit helping to outline a strategy for this sector that will lay the foundation for a thriving microfinance industry in Iraq."

"Given the unique environment in which microfinance institutions operate in Iraq, there are no real precedents to draw on for guidance. This Summit assisted donors in formulating practical programs with realistic expectations for microfinance in Iraq," USAID's Greg Howell said.

I'm not sure what "microfinance" is, but looks like there is a small subset really interested in setting up same in Iraq. I mean, I understand "micro" and I understand "finance" but not in this context. Gives me the shivers, 'cause it reminds me of a large company that employs you for your 30-odd years of experience and then "micro-manages" your every breath, while wanting to hold you accountable. Lookin' for that RV!!! What effect will microfinance have on Iraq'a economy? Or is this specially set up for the "smaller denoms"? I crack me up!

Originally Posted by CharmedPiper

The meeting of the Arab Iraq December 5 to take a stand

(Voice of Iraq) - 11-26-2006
This issue was sent to a friend
The meeting of the Arab Iraq December 5 to take a break

Cairo-Union : the Arab League Council decided at an emergency meeting held yesterday in Cairo at the level of permanent delegates to convene a meeting of the Commission of Iraq at the level of foreign ministers on December 5 next to discuss the developments on the Iraqi arena and adopting a unified Arab watershed in this regard ·
The Council strongly condemned the acts of murder and sectarian violence in Iraq and called on all foreign forces to stop foreign interventions that contribute to foment sectarian sedition · He expressed grave concern at the recent developments aimed at devote disunity among · components of the Iraqi people and demanded that the Iraqi government and the political and religious leaders of Iraq Yeh take immediate measures to stop all acts of sectarian violence and sparing the Iraqi people the tragedies that undermine the unity, security and stability and called for setting a timetable for ending the occupation · The Council called on religious leaders in Iraq to appeal prohibiting Iraqi blood and to reject all attempts to be dragged into sectarian war, which j Ridha enemies of Iraq ·

Good! Another voice heard from in opposition to the opposition!

Originally Posted by neno

I didn't want to post that observation first. "BIASED ALL THE WAY".

The only force capable of pulling off a coup in iraq right now is the US Army, and i doubt thats in the cards for the foreseeable future. If anything, Sadr will be assassinated first (by mysterious white guy....)

Originally Posted by crave681

The only force capable of pulling off a coup in iraq right now is the US Army, and i doubt thats in the cards for the foreseeable future. If anything, Sadr will be assasinated first (by mysterious white guy....)

watch out for the guy on the dusty knoll