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

Originally Posted by cigarman

After seeing they rehashed Dec 8th's article I believe todays article about 1260 rate was different articles rehashed to make a new meaning. Man these newspapers are good to get us all worked up and second guessing ourselves. All I got to say is if they want my dinar they will have to come off the hip. lol.

We do have a bad habit of over analying things. Like some one told me a little earlier.

Originally Posted by mustang sally

The central government says it will give 13% of the Iraqi budget to Kurdistan.

Kurdish PM Nechirvan Barzani said that no decisions were made during his last visit to Baghdad with the federal government, adding that more time for discussions was necessary, local media reported last week.
If no agreements are made, Kurdistan Alliance will have a different status from the federal government, said the PM.

The federal government neglected to transfer $485 million (US) to the Kurdistan region account for the 2006 budget, regardless of the increase in oil income.

Furthermore, the central government says it will give 13% of the Iraqi budget to Kurdistan, and not the agreed-upon 17%. The increase will not occur until a general population data verification is performed in all of Iraq, the PM added.

"If we reach agreement on issues of budget, oil, investment law, and Kurdistan region's share of the sold oil, we would gain a great achievement, though these issues need more discussions," Barzani told the press.

"I would like you to realize that the reason I came back from Baghdad is not because we were getting nowhere, but because of other commitments and obligations in Kurdistan. I will go back after a few days," PM Barzani said.

Source: The Kurdish Globe

Well that sounds a little better

Zebari : Negotiations continue over oil and gas between the government
(Voice of Iraq) - 12-12-2006 This issue was sent to a friend

Iraqi Foreign Minister spoke to the «life» a share of the Territories of the budget ... Zebari : Negotiations continue over oil and gas between the central government and the Kurdistan Province
Rabat - Dalal Abu Ghazaleh life-12 / 12 / 06 / /

The Iraqi Foreign Minister Hoshyar Zebari said that the negotiations between the Iraqi government and the central government of Kurdistan on the Iraqi dossier oil and budget «non-governmental organizations, it continues to stumble», he said, pointing out that Kurdistan is part of Iraq, which depends on Baghdad and therefore must be talks on the budget, the share of the Territories.

He explained in a dialogue to life »« conducted during a visit to Morocco in conjunction with the forum «» investment complementarities, there is disagreement on the quota for the territories, because the political agreements provide for the monitoring of 18% of the budget of the provinces, while the current level of payment does not exceed 13%.

Regarding the signing of the Kurdistan oil contracts with some international companies Finally, without referring to the government, Zebari said the presence of talks between Irbil and Baghdad «to reach a compromise satisfactory to the parties», he said, pointing out that the solution is that the central government's representation in these negotiations, but negotiations are under way with any company without the participation of the central government.

He pointed out that negotiations on the oil contracts also include «that the territorial government is concerned to settle any disagreement on the oil contracts», but he stressed that «oil wealth belongs to the people», according to the Iraqi Constitution.
In response to the announcement by some Arab officials expressed their fear that the signing of Kurdistan oil contracts, as well as the southern region of Iraq, to the division of Iraq into statelets would affect the oil sector in Iraq and the world, he pointed out that «no one demanding secession or partition, and that the political headquarters constitutionally given the right to the territorial government to have a kind of autonomy in the oil issues, and give the Constitution the province the right to manage the funds generated from the oil if the extracted from this territory».

He attributed Zebari directed international companies to invest in Kurdistan without other Iraqi territory, the province faces no security problems such as those faced by the center and south of Iraq.

Easy copy printing


Translated version of http://www.sotaliraq.com/

Interesting,

We have certainly seen an interesting news day, or should I say old news day. (g) As we have seen over and over, Iraq recycles articles as news when in fact it is jumbled up pieces of old articles, so don't worry about what has been going around today.

The HCL is done deal, it is not a dead issue, you will see this on Sunday enacted, the only last hold up last week was the same issue Kurd's had debated earlier, and that was about the oil yet to be pumped. This was resolved already, so don't worry about it.

The 10K has still not been mentioned at all, so we still see that this is tied to revalue for what other reason could there be for such a long delay after annoncement by gov. There are many odd things about this gov, but as we have seen, it is full of illiterates and this has to be solved so those in parliament make the proper decisions, not just the usual party line BS just like in U.S. gov. (g)

Happy Holiday Season to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

We have certainly seen an interesting news day, or should I say old news day. (g) As we have seen over and over, Iraq recycles articles as news when in fact it is jumbled up pieces of old articles, so don't worry about what has been going around today.

The HCL is done deal, it is not a dead issue, you will see this on Sunday enacted, the only last hold up last week was the same issue Kurd's had debated earlier, and that was about the oil yet to be pumped. This was resolved already, so don't worry about it.

The 10K has still not been mentioned at all, so we still see that this is tied to revalue for what other reason could there be for such a long delay after annoncement by gov. There are many odd things about this gov, but as we have seen, it is full of illiterates and this has to be solved so those in parliament make the proper decisions, not just the usual party line BS just like in U.S. gov. (g)

Happy Holiday Season to all, Mike

Thanx Mike,
Your comments always seem to bring a sense of calm when things get crazy.

I sure like to think of the article about the 1260 rate to be yet another attempt at lies and propaganda to throw alot off target and the sniffers off the trail. From what I understand, there has been alot of purchasing of the dinar's latetly and I can't help but wonder if this causes distractions and challenges from the CBI's goal of removing dinars from circulation. Or perhaps they put this article out to persuade those that are of a weaker link to sell theirs in preparation of what is to come. I think something smells funny about this article. Does not make since compared to all the other news that has come out latetly. There is about 2 month or so left for the deadline on the 10k handout. I still think it does not make sense even at the 1260 rate to insult the iraq people in such a way. Just relax and take a chill pill, this article has come to a shock to us all but when I try and fit this into the puzzle of everything i have read and to what is going on, I do not see it fitting. Do you?

Originally Posted by Texas_Tea

I sure like to think of the article about the 1260 rate to be yet another attempt at lies and propaganda to throw alot off target and the sniffers off the trail. From what I understand, there has been alot of purchasing of the dinar's latetly and I can't help but wonder if this causes distractions and challenges from the CBI's goal of removing dinars from circulation. Or perhaps they put this article out to persuade those that are of a weaker link to sell theirs in preparation of what is to come. I think something smells funny about this article. Does not make since compared to all the other news that has come out latetly. There is about 2 month or so left for the deadline on the 10k handout. I still think it does not make sense even at the 1260 rate to insult the iraq people in such a way. Just relax and take a chill pill, this article has come to a shock to us all but when I try and fit this into the puzzle of everything i have read and to what is going on, I do not see it fitting. Do you?

I will be glad when the dinar reaches this 1260 bench mark but your right it is insulting to a country with as much natural resources Iraq has ..oil only being one of them !

Hello everyone, I can't fathom why the CBI would want to start out with a 1260 exchange rate. The currency would still be worthless. They still wouldn't have any purchasing power, and they still wouldn't be able to create more jobs for the people with that low of an exchange rate. So, I believe like alot of you that this article is garbage. Remember that they based their plan to revise their economy by the Marshall Plan. That means there should be a revalue of the currency. They did this for Germany, and Germany prospered very quickly. I could be wrong but I don't believe that Germany had any problems with stability in their currency after they revalued either.

The Iraqi government granted loans for the unemployed
المصدر: الشرق الاوسطSource : Middle East
12 / 12 / 06
The adviser to the Ministry of Labor and Social Affairs Iraqi Abdullah Al-Alami, the consent of the Iraqi government to increase allocations for the social protection network in 2007 to 1500 billion Iraqi dinars, and start lending to poor families and the unemployed to set up small enterprises. He told Al-Alami in the Middle East «», that the variance is three times the figure allocated within the budget in 2006, in order to include the largest possible number of social protection network program, and also set up small businesses that operate from 1 to 9 workers at the highest. He continued, and plans for 100 thousand of lending without interest, and this project will provide an opportunity for the operation of the limits of 300 thousand unemployed.

Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4880&Ite mid=73

Originally Posted by Texas_Tea

I sure like to think of the article about the 1260 rate to be yet another attempt at lies and propaganda to throw alot off target and the sniffers off the trail. From what I understand, there has been alot of purchasing of the dinar's latetly and I can't help but wonder if this causes distractions and challenges from the CBI's goal of removing dinars from circulation. Or perhaps they put this article out to persuade those that are of a weaker link to sell theirs in preparation of what is to come. I think something smells funny about this article. Does not make since compared to all the other news that has come out latetly. There is about 2 month or so left for the deadline on the 10k handout. I still think it does not make sense even at the 1260 rate to insult the iraq people in such a way. Just relax and take a chill pill, this article has come to a shock to us all but when I try and fit this into the puzzle of everything i have read and to what is going on, I do not see it fitting. Do you?

not to get over excited or try to hype anyone up but I'm persoanlly wondering about something. we know with the 07 budget being 41 bil at a rate if 1260 there isnt enough dinar printed to cover that.. however.. if this is one of those comma demical point issures that was covered a few times before. i could be 1.260 which might make just a little bit more sense. because they do have the reserves to cover this.. and now that we're on that topic . someone posted and article earlier about the CBI having 14bil in reserves to cover the current exchange rate NOT COUNTING GOLD ( did anyone else notice that bit or was it just me )