Thread: HCL is with parliament.

Originally Posted by Inscrutable

Info I received: HCL is with parliament and will be voted on before weeks end. Expect to hear of HCL passing by the 24th. Possible rate change by the 28th. Very reliable source.

FYI, If I didn't feel it was worth posting I wouldn't have. Hang tight.

Hope so, I have a Dinar Engagement!

Wed, May 23rd 2007 rate 1259

Announcement No.(930)

D.G. of Foreign Exchange Control

The 930 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/23 so the results were as follows :

Details Notes Number of banks 15 ----- Auction price selling dinar / US $ 1259 ----- Auction price buying dinar / US $ ------ ----- Amount sold at auction price (US $) 69.415.000 ----- Amount purchased at Auction price (US $) ------ Total offers for buying (US $) 69.415.000 ----- Total offers for selling (US $) ------ -----

SO MUCH FOR THE URBAN LEGEND THAT THE RATE WOULD GO FROM 1260 to RV...Now with the Constitutional Committee Refusing to present their bill(s) to Parliament....WHAT NOW? PLEASE DO NOT SAY MONEYBAGS WAS RIGHT AFTER ALL...SLOW GROWTH>>>I REALLY HOPE NOT!!!!

Parliament sat yesterday but was adjourned without addressing the constitutional reforms, which include a crucial revenue-sharing oil law and a law that would allow former members of Saddam Hussain's Baath party to hold public office.
After six months of talks, a constitutional reform committee had been expected to present parliament with a final draft of their recommendations.
MPs deadlocked on constitutional reforms | Iraq Updates

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

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

Originally Posted by fredgwest1999

Wed, May 23rd 2007 rate 1259

Announcement No.(930)

D.G. of Foreign Exchange Control

The 930 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/5/23 so the results were as follows :

Details Notes Number of banks 15 ----- Auction price selling dinar / US $ 1259 ----- Auction price buying dinar / US $ ------ ----- Amount sold at auction price (US $) 69.415.000 ----- Amount purchased at Auction price (US $) ------ Total offers for buying (US $) 69.415.000 ----- Total offers for selling (US $) ------ -----

SO MUCH FOR THE URBAN LEGEND THAT THE RATE WOULD GO FROM 1260 to RV...Now with the Constitutional Committee Refusing to present their bill(s) to Parliament....WHAT NOW? PLEASE DO NOT SAY MONEYBAGS WAS RIGHT AFTER ALL...SLOW GROWTH>>>I REALLY HOPE NOT!!!!

Parliament sat yesterday but was adjourned without addressing the constitutional reforms, which include a crucial revenue-sharing oil law and a law that would allow former members of Saddam Hussain's Baath party to hold public office.
After six months of talks, a constitutional reform committee had been expected to present parliament with a final draft of their recommendations.
MPs deadlocked on constitutional reforms | Iraq Updates

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

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

What do you think? Is this damning news?
Or again, the situation impossible to read?

Originally Posted by ChiefWealth53

What do you think? Is this damning news?
Or again, the situation impossible to read?

1260 never really meant anything imo, the other beleif was that it would stay at 1260.....it's just another number, I'm not worried

Originally Posted by rvalreadydang

1260 never really meant anything imo, the other beleif was that it would stay at 1260.....it's just another number, I'm not worried

Absolutely right. 1260 never made sense. For those that poke fun about people saying smoke screen, there goes a huge one. At least we're beyond it now. The "1000" at years end is also bogus.

Originally Posted by shotgunsusie

no
check the date. Iraq Development Program - IOGP&E Summit confirmed to take place in Dubai, UAE on 28-30 May 2007

that is the one that you found on the site, the date is april 24, 07.

Thanks for pointing that out.
I missed that.
UAE on 28-30 May 2007 (24/04/07)
Old news again.

Originally Posted by Dinar Cha Ching

Absolutely right. 1260 never made sense. For those that poke fun about people saying smoke screen, there goes a huge one. At least we're beyond it now. The "1000" at years end is also bogus.

1260 was just a target rate for their budget. Nothing to do with a RV, but good news any how.

Originally Posted by Dinar Cha Ching

Absolutely right. 1260 never made sense. For those that poke fun about people saying smoke screen, there goes a huge one. At least we're beyond it now. The "1000" at years end is also bogus.

LOL yep another one bites the dust! it's nice being on the right side of this. we knew this as soon as we first heard of it that it was ridiculous.

Now onward and upward.

Originally Posted by rvalreadydang

1260 never really meant anything imo, the other beleif was that it would stay at 1260.....it's just another number, I'm not worried

And since their 2007 budget hasn't been implemented yet it appears to be just numbers on the screen.

Where have I heard that before.

Tips to accept the Kurdish leadership to postpone the Article 140 on Kirkuk

Irbil (May 22) and the agency (Lucky) Italian News -

The Kurdish parliamentary sources it is expected that the Kurdish leadership made concessions regarding the implementation of Article 140 of the Iraqi Constitution versus maintaining, what it called "further gains" achieved for the Kurds in Kurdistan.

The transfer site (Sphi) on the Kurdish Jhalak Azad, MP in the House of the Iraqi Sulaymaniyah saying that "there is insistence large blocs of Iraqi political demands with respect to amend some articles of the Constitution, does not provide any of those lumps concessions to each other in order to break the current impasse, therefore Consultations and ongoing meetings on this issue did not yield any desired results.

"And on the willingness of the Kurdish leadership to accept the postponement of the implementation of article 140 of the normalization of Kirkuk under a political deal, Jhalak said,

"All parties must participate in the amendment of the constitution to make concessions, and the Kurds even if offered concessions in this regard, they will be concessions on the principles and main points contained in that article."

The transfer of the site from its own sources as saying that he believed that the Kurdish leadership has agreed to postpone the article 140, as they approved all the oil changes it.

They pointed out that the speech delivered President Massoud Barzani during the meeting yesterday, a number of officials partisan centers where hints willingness of the leadership Kurdish political unraveling of intractable problems in the political process, which occupy the Kurdish street.

It was scheduled to submit the constitutional amendments today, Tuesday, the text failed to make the necessary amendments to some articles of the Iraqi constitution.
Shs/Aki)Shs / Aki)

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


EVERY ONE SAYS (all of the latest articles in the Iraqi Press say) THAT THE KURDS ARE WILLING TO FORGO AMMENDMENT 140/142 AS A BENCHMARK FOR THEIR SUPPORT OF HCL -

BUT,

STILL RESTORNING SUNNI CIVIL RIGHTS AND HCL HAVE NOT BE INTRODUCED OFFICIALLY AND THUS NEITHER HAS HAD THE NECESSARY 3 READINGS IN PARLIAMENT TO BECOME A LAW or did I truly miss something from Parliament?

TIME IS RUNNING OUT FOR THIS WEEK!
One more session this week and then it off till Sunday...
WITH A WEEK FROM THIS FRIDAY (1 June 2007)
THE OPENING OF THE STOCK MARKET -
ELECTRONICALLY & INTERNATIONALLY
...(Only 5 more Parliament sessions till this event and they need 3 readings of each law)

ARE WE LOOKING AT ANOTHER VIET NAM STOCK MARKET SITUATION - THEY ARE OPEN BUT NO RATE INCREASE WAS MADE?

NOTE: Why I mentioned this as both laws are the benchmarkets that the IMF/WTO have set...especially the Sunni Civil rights as that is the trigger to acquire the actual debt relief from the Sunni Arab countries and thus trigger an RV (or maybe not - who knows these days)