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

Investment three oil fields in Nasiriyah

(صوت العراق) - 17-12-2006(Voice of Iraq) - 12-17-2006
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Basra : «» Middle East completed the South Oil Company based in the Basra governorate (550 km) south of the Iraqi capital Asthoudaratha to invest in three oil fields in the province of Nasiriyah neighboring production capacity of 530 thousand barrels per day. An engineering company told reporters yesterday that the fields prepared for the national investment among the field of Nasiriyah card 300 thousand barrels Graves card and 120 thousand barrels Rafidain card and 110 thousand barrels per day. He pointed out that the company's plan also included investment Artawi gas field, which is the third field to invest in gas after the Rumaila and the donkey

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

mmmmmmmmm This is good to

Iraqi Presidency

OPEC Abandons U.S. Dollar

Oil-producing countries have reduced their dollar holdings to the lowest level in two years and shifted oil income into other currencies, according to the Bank for International Settlements.

Members of the Organization of Petroleum Exporting Countries and Russia reduced their dollar holdings from 67 percent in the first quarter to 65 percent in the second quarter.

At the same time, they increased their holdings of euros from 20 percent to 22 percent, the BIS said. They also boosted holdings of the yen and British pound.

Eighteen months ago, the oil-producing countries’ exposure to the dollar was above 70 percent.

"The revelation in the latest BIS quarterly review . . . confirms market speculation about a move out of dollars and could put new pressure on the ailing U.S. currency," the Financial Times reports.

The BIS, the central bank for the developed world’s central banks, disclosed that OPEC’s dollar deposits fell by $5.3 billion, while euro and yen-denominated deposits rose $2.8 billion and $3.8 billion, respectively.

The last time oil-exporting countries reduced their exposure to the dollar — in late 2003 — it pushed the euro to an all-time high against the dollar.

The BIS noted: "While the data are not comprehensive, they do appear to indicate a modest shift over the quarter in the U.S. dollar share of reporting banks’ liabilities to oil exporting countries."

According to the Times, "the dollar has suffered weakness because of concerns about global imbalances and the future course of the Federal Reserve’s interest rate policy."


I've posted before that the US dollar might not be the only curency that we eventually should change some of our dinars into. As a RolClub family, we really need to keep an eye on this. I would hate to lose a huge portion of the value of my converted dinars if the dollar goes south in a hurry.

Greenspan: More Dollar Weakness Ahead

The U.S. dollar will stay weak for the next few years, according to former Federal Reserve Chairman Alan Greenspan. Greenspan blames the U.S. balance of payments deficit for the prolonged frailty of the dollar.

“I expect that the dollar will continue to drift downwards until there will be a change in the U.S. balance of payments,” remarked Greenspan, who spoke via video-link to a business conference in Tel Aviv.

“There has been some evidence that Organization of Petroleum Exporting Countries nations are beginning to switch their reserves out of dollars and into euro and yen,” continued Greenspan.

MoneyNews told readers yesterday that the Bank for International Settlements, which is known as the “central banks’ central bank,” reported a decline in U.S. dollar reserves in OPEC countries as well as oil exporter Russia.

“It is imprudent to hold everything in one currency,” advised Greenspan, who sounded like he was talking down the dollar. In fact, Greenspan added that at some point the dollar would decline in value.

"That [a falling dollar] will be the experience of the next few years," Greenspan said.

Again, just more evidence that we need to keep our senses about us in the short term future. If Opec accelerates it's conversion out of dollars, things could get dicey in a hurry.

Originally Posted by mab71

mmmmmmmmm This is good to

Iraqi Presidency

نص كلمة السيد رئيس الجمهورية في مؤتمر المصالحة الوطنيةThe text of the speech of Mr. President of the Republic in the national reconciliation conference

December 16, 2006December 16, 2006

وجه السيد رئيس الجمهورية كلمة إلى مؤتمر المصالحة الوطنية الذي عقد يوم 16-12-2006 قرأها نيابة عنه السيد كامران قره داغي الناطق الرسمي باسم فخامته. فيما يلي نص الكلمة:Mr. President gave a speech to the national reconciliation conference, which was held on 12-16-2006, read on his behalf by Mr. Kamran Qarah temple spokesman excellencies. Following is the text of the speech :

"بسم الله الرحمن الرحيم"In the name of God the Merciful
أيتها الاخوات العزيزات ..Sisters dear women colleagues the very mandate.
أيها الاخوة الاعزاء..Dear brothers, dear.
السلام عليكم و رحمة الله و بركاتهMay peace and God's mercy and blessings

Your conference is held at a moment of Anattaveh very important and influence the destinies of the country and the ongoing political process and the capital of the nascent democracy in the new Iraqna.
While we we hold this conference, and perhaps we continue to upgrading by its resolutions, and expand the circle of participants, for Anntelk from a position of weakness or feeling of exhaustion energy and sense of of debilitating about the complexities f difficulties and the challenges that we are exposed to it by the terrorists and Altkverein f Sadamiin It is Iwalihm or their backers and in glove means murder and destruction, but of confidence the availability of the potential of inflict defeat of enemies - Our journey democracy, and, more importantly, of its keenness to protect our people from further catastrophes, f massacres which incurred, and work on attracting broader popular base political to the hard work f continuous in terms of re-Security Council and stability and protect the lives of of citizens and their possessions f the wealth of the country which seeks subversives squandered to prevent the their adaptation to move forward in the way of socio-economic transformations and a political perspective which eventually lead to the flourishing of Iraq and its evolution.
We have always emphasized we the supporters of enthused by the genuine national reconciliation, Mansion and each time the our concept of such reconciliation, as a restatement, lining up to the forces of our people in all their diversity of Latifa f its components, and we declared publicly demanded and without any hesitation or ambiguity, that everybody Zuhri, the irrespective of their intellectual or political or social including who they belong to to the Baath Party, or workers in the organs of the rules of former authoritarian the exception of criminals f murderers from Sadamiin an outspoken which unashamedly, "not to mention the apology" has consistently been their attachment to f their loyalty to Saddam Hussein politically or intellectually, and indeed their dependence relevant criminal methods to terrify the citizens and killing of f trifled Pkramathm f disdain for the destiny of the country and the future of its children.
And no doubt we Anni reconciliation, shook hands Altkverein and crime gangs from terrorists arrivals including unscrupulous and morality of those who spread destruction and death and bloody massacres daily in residential neighborhoods popular in the public roads.

أيتها الاخواتMandate sisters
أيها الاخوةDear brothers

It is time for us all, whether in the political process within democracy, and a constructive opposition, to make every effort possible to actually be consolidating our positions, and rising Grahatna, and rise above petty.
And overcome differences narrowed secondary whenever expands our joint.
To Ashvia us without such unity and solidarity and determination to mobilize all forces to defeat all our enemies, the enemies of the democratic federal Iraq, the enemies of the Shiites and Sunni and Kurds and Turkomen and Christians and Muslims and Alaizidien footing, and all religious and sectarian components, which are collectively nationalism as our national creative.
The time has come, and a valuable opportunity in this context, to determine the position of firmly opposing trenches, the trenches of democracy and the Iraqi National true, and trench terrorism and massacres, killings and the identity penance and underdevelopment.
Trench Iraqis who want to restore tranquility and stability and the promotion of the Iraqi nation and its role in the Arab and international forums, and Hajor henchmen than an organization of dictatorship and tyranny and obscurantism.
All the parties involved in this conference, Iraqi currents and the official party and independent Arabs, Kurds and Turkmen, and Kldoashor and other Islamists, and Dimocratein Almanin and Msihin, statesman, political parties and religious authorities august, are invited to express their endeavors to consolidate the success of the national reconciliation efforts, and the demonization of citizens killed and booby their neighborhoods and get rid of the identity.
They all have to stand up and stop the will of one man and solid against the new version "of the chapter on" hateful notorious remind the world of civilized democratic Bbshaat apartheid which was attended by South Africa, and ended in defeat and imprecations peoples.
That defect we must accept dislodging citizens from their homes and dissolution of neighbors and brothers, which is part of the neighborhood and the national social fabric, and "keep the Arab", which has always been exemplary and whirlpool Iraqi known.
We identify the required features of national reconciliation, we firmly reject the votes religiously, the sound of "quasi-leaders" who call clarion year, and are urging Arab countries and Islamic brethren, the communal divide and devote some of Aikhgel call publicly for the evacuation of Baghdad and other cities of the Shiites.
They are thus encouraging extremists who carry the same crime by other means, and the vengeance of innocent brothers and the previous year in blood and confiscate their property.
The one that incites sedition and extraordinary pretends to be Sunnis, as if he carries this community, which constitutes a precious component of our society and our sins Maisod country from terrorism and the bombing and booby, and recognized as innocent of the year and of those crimes.
The calls for revenge from random citizens lost in the massacres committed by some of the wrong in the world and in the afterlife, objectionable and must stand firmly against them and punish the perpetrators of crimes Pzriagha.

أيتها الاخواتMandate sisters
أيها الاخوةDear brothers
We will continue to strive to be able to clamping down on the enemies of national reconciliation and closing outlets in their path, and drying up the sources of financing and arming. We are serious in taking firm action and the political and military security to the intense political effort and sustained dialogues at home, synchronizing with the active diplomatic movement in the neighborhood and abroad in general.
This dramatic in the coming days whether further visits and meetings and dialogues with the leaders of Arab countries and regional and to lay the foundations of cooperation and respect for mutual interests, and establishing a solid base from which meet jointly with terrorism and terrorists.
The front States and political circles convinced that terrorism has no religion and no nation is widening, and it must unite our efforts against terrorism.
We await your decisions effective process brings us new qualitative step on the path to genuine national reconciliation and we are capable of that. Our people and its endeavors has the potential human and material resources to achieve the goals of democracy and the defeat of terrorism and violence and end sectarian fighting.
والسلام عليكم ورحمة الله و بركاتهMay peace and God's mercy and blessings

جلال طالبانيJalal Talabani
رئيس الجمهورية العراق"President of the Republic of Iraq "

Dollar Continues Downward

Some OPEC members have expressed concern at the weakness of the dollar. The dollar has fallen 11 percent this year versus the euro, eroding the purchasing power of OPEC's revenues from the dollar-denominated oil market.

"The decline of the dollar is a concern because the U.S. economy is a concern. Normally the world economy follows the U.S. economy, but we have seen evidence of a decoupling of the European and Asian economies from the United States so the worry is less," Qabazard said.

"We see lots of risks in the U.S. economy next year but we also see positive signs, so we hope that next year the dollar will come back up. It's at very low levels and I don't think it will decline more than it already has."

Please excuse if this was already posted. thank you

Date: Saturday, December 16, 2006


Iraq to meet Iran, Kuwait on common oilfields


Dow Jones 15/12/2006

Iraqi officials are to meet representatives from Iran later this month and Kuwait after that to discuss sharing oil production contracts in cross-border fields, Iraq's oil minister said Thursday.

Speaking at a press briefing on the side of a Organization of Petroleum Exporting Countries meeting here, Hussein al-Shahristani said: "We will meet in a sitting committee...with Iran in December" to examine data on the fields.


Al-Shahristani added the parties will then "select a company in a bidding round to assess the reserves."

Separately, Al-Shahristani said some $1 billion of a $1.6 billion loan granted by the Japan Bank for International Cooperation would be invested in a new fluid catalytic cracking unit at Basra's refinery.

An FCC unit produces lighter products such as gasoline from heavier crude fractions.

He said some of the loan would also be used for a new pipeline and floating terminal in the Persian Gulf and the processing of gas, which is currently flared off.

In addition, the minister said he expects a new hydrocarbon law, which would enable the signature of the first national oil contracts since the overthrow of Saddam Hussein, to be enacted in January.

He said all contracts signed under Saddam and since would be reviewed.

The new contracts would be overseen by an Iraq Petroleum Council that will define the rules of licensing qualifications as well as which companies could prequalify.

He said most details of the law had been agreed with the Kurds in the oil-rich north, who controversially have set up a separate licensing process, though there remained sticking points on the council's decision procedures.

Originally Posted by coolhand009

They also have 50 notes, I have a box with 2 million 50 notes, they were very expensive! I bought them a year ago. Hard to get these one's. Most of my mountain is all 1000,500, 250,50 notes. Please keep us inform of anything new. Thanks

Me too, only we have half a mil in 50s, the rest in 2500s and 10000s

Originally Posted by shotgunsusie

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Saturday 16 December 2006
Word Mr. Prime Minister Nuri al-Maliki at the opening of the political forces


Iraqi national-Luna / Baghdad office / prime minister / official / Prime Minister Nuri al-Maliki speech at the political forces of national reconciliation which opened yesterday in Baghdad today, Saturday, and the following text of the speech :

The name of God the Merciful

(And hold fast, all of the rope and Attferkoa God's grace, your enemies as you Valv between your hearts logs rope brothers)
Ratified God Almighty

Ladies and gentlemen distinguished peace be upon you and God's mercy and blessings that your participation in this conference is proof of your strong interest and concern for the safety of Iraq, which is going through in difficult situations, and the acceptance of the principle of dialogue and overcoming the rejection prior reference extremely important to move forward.

It has been a year since the first free parliamentary elections in Iraq in its modern history, in the light of a permanent constitution voted on by millions of Iraqis and which formed the first government of national unity in which all the components of the Iraqi people.

The great interest shown by the government of national unity to the security did not prevent her from moving forward in the rebuilding process in the economic, industrial, agricultural, trade and the provision of services and infrastructure development.

The projects in the fields of reconstruction is under way or under preparation and implementation within the planned future in the process of reconstruction in all provinces have them. We have provided a big budget will be able to make a qualitative leap in all critical areas, including help in providing job opportunities for the unemployed.

The government has managed the national unity and cooperation with the parliament during the last six months in achieving significant spread in different areas, it has been the law of investment, which will help economic development and attract capital, national and foreign legislation and the liberalization of the import of fuel. The government put the final touches to the draft law oil, which is the cornerstone of achieving justice in the distribution of natural resources, most notably oil, which is the property of all Iraqis, as the government endorsed the draft National Housing, which will contribute to solving the problem of housing in the country and the government is working in cooperation with the United Nations and the international community to achieve the Charter of the International Covenant is the Charter, which will provide support internationally and regionally for reconstruction projects and construction.
We must all of us, brothers, to abandon the culture of imposing our views on others by force as the approach adopted by the dictatorial regime, which has dragged the country over the past decades to the devastation of war.

The sensitive stage through which Iraqna Aziz requires us to do the same team spirit to get practical and concrete results and to Anktefi slogans and speeches, National reconciliation is not just a recitation without the intention to convert them to see and feel the exercise of the citizen on the ground and has partners in the political process and assume responsibility for its implementation consequences.

The success of the national reconciliation, we must look to as the profit of the nation and the citizens, and not a profit for a party and a loss to another that such success requires the provision of two main elements : first accept the principle of meaningful dialogue and the second will we have solutions to the satisfaction of everybody, and this requires the creation of the common denominators and diagnosis differences to overcome them and overcome to define together the features of the political equation, which are agreed upon by all political forces including contributes to the crystallization of a unified national against terrorists who are betting on Tbaadna and our differences.

We want national reconciliation to paint a picture of the political reality of the new Iraq to tell our people that their political and parliamentary bloc, and even those that opposed the political process, believes that the cessation of bloodshed in Iraq and ending the sectarian tension and repair damage to the social Bensejeh principle objectives is for all of us to achieve the positions and actions, not just with words.

Ladies and gentlemen Our goal is not to hold this conference and the conference which preceded overblowing the hopes and aspirations only but also identify the risks and challenges facing the country, and we strongly believe that national reconciliation is played rescue and the only way content results to reach to achieve security, stability and prosperity, because the other alternative, God forbid, is death and destruction and the loss of Iraq and tearing up its national unity.

That the government of national unity, which we formed on the basis of consensus among the parliamentary blocs participating in the political process, means broadening the base of responsibility in the face of challenges, and serious mistake evading responsibility or evasion.

That participation in the government of national unity is the responsibility of national solidarity, and it is not right for any of us to reap the fruits of the democratic process without incurring consequences or that is not shy to stir up sedition and spreading a culture of hatred and uncovering the past that we wish to remain in the stomachs of the history books.

We believe that national reconciliation is not a political slogan but a strategic vision of a government which works by two nested one of providing security and the consolidation of stability and the other to accelerate the process of reconstruction and rehabilitation in all governorates.

We call for a serious review of the current political formations and reconstruction on a national basis and the formation of a framework or expanded national front that includes all the political components and be above narrow loyalties and affiliations and paving the way for efficient and specialized elements for the management of affairs of the country away from sectarian and nationalistic quotas and partisan.

Dear brothers and sisters call upon the Your conference the distinguished take clear positions, coupled with the to working to strengthen the capacity of our Lebanese and military in the face of terrorist organizations and takfiri and their allies from the remnants of the ousted regime, to those who Aemnon the political process nor dialogue and depend culture of a heresy of others and killing and to incite sectarian subversion of an attempt to restore the wheel of history backwards, and He revealed that the realized these delusions for the owners of the sinister intentions and stress for leaving for the slightest doubt on the seriousness of armed organizations and militias on security and social peace and the necessity of of national unanimity that the weapon must be the However the government only to ensure security and the imposition of the rule of law. While recognizing the role of supervisor by some militias to topple the dictatorship, it is necessary to resolve these militias and integrating them in various State institutions.

The national unity government is determined to tackle the heavy legacy left by the former regime and redress for its victims and therefore you announced the formation of a martyrs, which would mean the auspices of the families of the martyrs of Iraq from various affiliations also embarked on the establishment of an institution of political prisoners to compensate Amalhaq them from injustice and unfairness.

The new Iraqi army has opened its doors to members of the former army officers and rank and the government of national unity is ready to accommodate those who have the desire to serve the country on the basis of professional and commensurate with the size of the army and absorptive capacity. Regardless, the government will pay pensions to all those who Itim assimilated into the army. Iraq today needs to be protected by a strong army of enemies and be loyal to the nation and not the First Army Privileges and military coups and reckless adventures.

The army officers are the people who are dear to us all respect and appreciation, and we seek to fight at all locations to take advantage of their energies, skills and experience to help us build our armed forces and the handover of security in all provinces and appreciation for the role played by the coalition forces in Iraq helping to get rid of the dictatorship, the government was aware that the time has come to take full responsibility on the security issue in the country. It has been agreed between the Iraqi government and multinational forces to expedite the process of transferring security duties to Iraqi forces. The multinational forces will be awarded and support the Iraqi armed forces, pending completion of the transfer of full security functions.

Ladies and Gentlemen We differentiate between the Baathists who were not Ttltkh their hands the blood of our people and those who have committed the most heinous crimes against Iraqis and continue today, shedding the blood of innocent people, assassinations and bombings, car bombs and the destruction of the infrastructure, in order to distinguish between the two cases does not hurt the first category, in order not to go second class of the justice of the law.
On this basis I call on the House of Representatives to conduct an audit in paragraphs constitutional and in accordance with the constitutional rules of fairness in the media, chopping and guarantee the rights of the families of those involved in eradication action embodiment of the principle of tolerance and care for all Iraqis. We must deal with all the thorny issues and complex as a commitment to the Constitution, believing that the House distinguished form a committee to conduct constitutional amendments agreed with us in this vision.

Dear brothers and sisters have come for a cabinet reshuffle to activate joints life in the state and its various. Here, I must emphasize the importance of the contribution of the political blocs participating in the political process in a serious and effective action to speed up the process of a cabinet reshuffle which, we believe, is necessary at this sensitive stage.

Ladies and gentlemen that the foreign policy pursued by the government of national unity depends primarily on the principle of non-interference in the internal affairs of other countries and not to allow any country to interfere in the internal affairs of Iraq. We have visited most of the neighboring countries to improve relations with these countries in the political, economic and security. We can say that we have succeeded in overcoming many of the outstanding problems between Iraq and neighboring countries.

During the coming days, the Iraqi government would send delegations to visit the region to consult with them on the support of the political process in Iraq. In the light of its willingness to assist in the security conditions in Iraq, we will call for the convening of a regional conference confirms and supports Mahaqkh achievements of the Iraqi people and support the democratic government of national unity and to stand by her in the face of terrorism, and the success of national reconciliation.

We refuse to turn Iraq into an arena for conflict of regional and international powers also invite your ruling parties refused to condemn the policy of Foreign Affairs and sectarian incitement and luck to hatred and violence.

Dear brothers and sisters, when you see a decent crowd Oh, I see you picture of the future of Iraq, which work together to be free, sovereign, secure and prosperous. When to see political parties and organizations that you represent, I believe firmly that it must be transformed into workshops, and to strengthen the national social fabric and perpetuate national unity.

Iraq will remain a big house and Aziz, who ensure all with different views and beliefs and that loyalty must be to Iraq first and not the party or sect or nationality. Iraq to the Iraqis and not the right of any party in the new era that is pursuing a policy of marginalization, exclusion and discrimination against the other, Vabraghi equivalent of a fellow Iraqi in rights and duties and national unity goal of a sacred religious and secular law.

Ladies and gentlemen, we must remember that in this national meeting all of our people Almadhin Aziz, the Iraqi pause honor and glory of the martyrs and their families and the wounded and widows and orphans, those who have sacrificed their lives and made the dearest they have to keep strong and dear Iraq and united. Disappointment, pointed to the enemies of the people who Astshluwa bloodshed and have committed sins and violated sanctities monarchy and religiously God.
May peace and God's mercy and blessings.

Nuri Kamal Al-Maliki
Prime Minister of the Republic of Iraq
16 / 12 / 2006

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Originally Posted by Gloribee

Im sorry, but never works for me

Gloribee

I'm not getting into whether the person was right or not... i think we'll know more soon. However, you won't even say sorry if you've been proven wrong? Well, isn't that nice....