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11am, October 6th, 2012  

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Our Blog Posts
Bluwolf & Intel4u Member Chat
Bulldog & OOM & F Member Chat - Post By SpiritualWarrior
Med & Member Chat - Post By GLK Dinar Speculator
BWM in Chat at 3S's Friday evening posted by Asells
Bluwolf & Intel4u Member Chat - Post By Devildogmom
Miscellaneous Talk around Dinarland Friday evening
Michingander0131 posted at GET by Janna Friday afternoon
The posts shaded in green are on our Iraqi News page
The below posts were in our 6pm email
Shredd Articles & Chat - Post By Lightingsclt & Priscilla927
Part 2 BondLady Articles & Chat - Post By Tlm724
Part 1 BondLady Articles & Chat - Post By Tlm724
Millionday RobinRedHed and Fresh Friday Round Table Chat
BWM in Chat at MIG Friday afternoon
Words of Encouragement from DebTarHeelGirl Friday Afternoon
CHAT AT CHRISTIANDINAR.COM FRIADAY NOON POSTED BY WILDFIRE sent to Recaps by WC
BWM in Chat at 3S's Friday morning
Curiser in Chat at Intel4U Friday morning
THe posts shded in green are on our Iraqi News page
© Copyright DRT Distribution, LLC All Rights Reserved

Oct 6 8:04 AM [captaincaveman] Didnt sleep much at all last night. This has been a very excitement-induced sleep deprived week.

Oct 6 8:04 AM [blessedandhighlyfavored] Are we there yet and are we rich yet?

Oct 6 8:05 AM [Stitch] captaincaveman yes indeed!! :bliss:

Oct 6 8:05 AM [blessedandhighlyfavored] captaincaveman I agree

Oct 6 8:06 AM [captaincaveman] SStitch thud I whole heartedly thought there was no way we'd still be waiting at this point

Oct 6 8:07 AM [Stitch] captaincaveman I have been thinking that for the last 2 years. However, imo the situation has become much more imperative for an rv. No more extensions... jmo

Oct 6 8:09 AM [captaincaveman] Stitch I concur with your opinion

Oct 6 8:10 AM [captaincaveman] We are seriously only waiting on one more thing...the international release
...


[Bulldog75] ~SpiritualWarrior watereddown ~MiddleClassMaiden : TOP OF THE EVENING TO YOU ALL

[CalifBob] Welcome Mighty Bulldog, great to see you back brother

[Bulldog75] CalifBob Kini diamond77guy : THANKS AN IQD MIL.

[DelawareMeMom] Bulldog75 Good evening, good friend!

[Bulldog75] DelawareMeMom kajundinar57 : DOWN ON THE BAYOU

[Bulldog75] THE MORE I SURRENDER TO AND EXPRESS THE LOVE IN ME, THE MORE PROSPEROUS I BECOME. THE MORE I SEE GOD IN MYSELF AND IN EVERYONE ELSE, THE RICHER MY LIFE BECOMES.

[CalifBob] Bulldog75 if only everyone could learn that
...


Med says to (21:02:05): I AM TRYING TO BE UPBEAT

glk says (21:02:49): I'm hoping the Kurds got paid this week by Baghdad for the oil companies, haven't seen anything?

Med says to (21:03:15):I AGREE IN FACT I AM UPBEATI JUST PUT IT IN THE LORDS HANDS TOLD HIM I CANT DO THIS WITHOUT YOUR HELP IF ANYONE HAS A VETERAN ISSUE RELATED TO COMPENSATION OR ANY DINAR RELATED ?ASK

glk says (21:05:08): and on the 9th I'm hoping enough members come into Parliament and vote on anything, just get back to work ! LOL

Med says to (21:05:14): FOR SURE ISNT IT FUNNY GLK THAT WE THOUGHT WHEN THIS NEW PARLIAMENT CAME IN OH GREAT NOW THEY WILL GET THINGS DONE IT WAS WORSE
...


mamari4: BWM can you please explain/decode some of those articles on recaps?

BWM: mamari4 which ones in particular... already went thru a couple today

BWM: got to say.. if you were looking for credit union info... well the ppl at NCUA apparently don't take direct calls... still waiting for two call backs I left today to gather that information

mamari4: BWM: CBI: "IRAQI DINAR'S PRICE RECOVERS AGAINST US DOLLAR" Baghdad (AIN) -The Central Bank of Iraq stressed "The stability of the US Dollar's price against the Iraqi Dinar since the Iraqi Currency witnesses clear recovery."

BWM: mamari4 I don't know what they consider "recovery" can hardly get the currency and everyone is using dollars because of it...
,,


BUENAS NOCHES  NOW WHO IS SICK? LET IT BE KNOWN THAT HE IS CURED IN THE NAME OF JESUS

[blue skies] bluwolf ModelWoman's husband needs prayers..

[bluwolf] SO DECLARED

[barb] bluwolf and Amen it is done and declared

[bluwolf] THE LORD HAS PLACED HIS HEALING HANDS OVER HIM AND ALL IS WELL

[ModelWoman] bluwolf My husband has nodular melonoma and 3 weeks ago after being on a trial drug and FDA approve one the Doc could not feel the nodules in his upper thigh...he goes for scans next Monday we are claiming they are gone in his stomach region too! AMEN

[bluwolf] ModelWoman HE IS WELL HE IS HEALED AND HE WILL BE THE SAME HEADACHE FOR YOU , THE ONE THING THAT YOU LOVE ABOUT HIM,,JEJEJE HE IS WELL DEAR
...


[jack1977] well the way I look at this rv,,, we have no control over it,,, there is no choice,,, we wait ,,, we have good days we have bad days ,,,,, but we all here on this site have each other to lean on when there seems to be no hope,,,, :bighug: to all !!!!!

 [nolaspice] jack1977 exactly

 [max13th] jack1977 the only thing to do is Have 1 shoe box full of Dinar,, and 2 Shoe boxes id VND,, and wait lol

 [berberboy] cowtown333 do you feel that the VND will rv by itself if it dinar doesn't go soon?

 [joseph11] There will be no double dipping IMO

 [cowtown333] joseph11 there may be but the iqd would have to go first

 [joseph11] I wish they were.  They are too smart to alow that DD.
,,....


[michigander0131] Economist: you must apply three zeros deleted project citizen service and local currency Friday, 05 October 2012 The Economist stressed Abdulhasan alshammari, need to apply project delete three zeros currency because it hurt to serve the citizens and national currency by reducing cash large groups of blocks in the local market. He said Al-shammari (News News Agency): the implementation of the restructuring of the Iraqi currency after deleting three zeros were necessary because it will serve the citizen and national economy as large groups would turn into a small unit, which will facilitate market transactions and accounts for State services. He added: the project will provide additional financial resources for the country through printed coins (dinar and half quarter dinar, dinar) where the life span of these categories (25), while older paper no later than three months it's quick handling and damage.

[michigander0131] very good article and i will put in kaparonis response to it/because he does a way better job then me//  
,,


The below posts shaded in green
are on our Iraqi News page
Najafi and Kubler Atdarsan relations Iraq - Kuwait before the meeting of the two countries
10/06/2012

Talks to get out of Chapter VII

Baghdad morning : Search House Speaker Osama Nujaifi with representative of the Secretary-General of the United Nations in Iraq Martin Kobler ways out of Chapter VII.
 
and examine both sides several themes, including the elections and the possibility of cooperation with the Independent Electoral Commission to complete and other relevant laws such as the law elections Kirkuk and the importance of approving oil and gas law and the sharing of wealth and its fair distribution, in addition to Iraqi relations - Kuwait and the possibility of withdrawal of Iraq from Chapter VII.

was due to hold Iraqi officials and Kuwaiti during the next term meeting to close the pending issues as a prelude to remove Iraq from Chapter VII.

 

Economic parliamentary: the deletion of zeros from the currency will strengthen security and absorbs high inflation
Saturday, 6 October 2012

BAGHDAD - babysit : a member of the Economic Committee noted MP Abdul-Hussein Abtan, to the Iraqi market need for the project to delete the zeros from the currency in early 2013 to save the country from high inflation.

Abtan said in a press statement: The local market is an urgent need to delete the zeros from the currency, which works to raise inflation rates and increasing the money supply if left zeros for the year 2014, stressing: that postponing the project would damage the national economy.

 

Expert: recent central policy will support the stability of the dinar exchange rate
10/06/2012

BAGHDAD - morning : attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise quota price of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.

Sayegh said: that the central bank develop new measures to increase quota prices for the currency in Iraqi banks and make the currency market as a result of free market stability and balance the exchange rate of the Iraqi dinar against the U.S. dollar in the local market, indicating that the quota imposed on currency prices in banks previously when the price of the dollar against dinar.

 

Maysan governor announces provide all facilities to foreign oil companies wishing to invest in the province
06/10/2012 09:32:44 Saturday

Maysan (news) : participated governor of Maysan province, Mr. Ali Douai required work conference and exhibition "Projects Iraq grand", which was held at Madinat Jumeirah in Dubai for the period from 1 3 / October being organized by the group "CNN. W.. C" specialized in energy and infrastructure sponsored by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum.

explained governor of Maysan province told him PIO received Agency (news) copy of it: that Maysan province participated work conference and exhibition "Projects Iraq grand" place at Madinat Jumeirah in Dubai in the presence of Prime the advisers to the prime minister Thamer Ghadban and participation of a number of experts in the oil sector and the province of Maysan and Basra, Dhi Qar and 29 exhibitors, regionally and globally in various fields.

 

Jawad Albzona: during the next parliamentary week will pass the law without any infrastructure requirements
06/10/2012 14:14:18 Saturday

Baghdad (news) : Declared independent MP in the / National Alliance / Jawad Albzona, that during the week Parliamentary next pass a bill infrastructure without any conditions, including the pressure to approve the proposed amnesty law with him.

said Albzona in a statement (of the Agency news) on Saturday: The reason disable approval set of laws in the House of Representatives, is the political quota system and compatibility between the blocs, noting: that many of the laws when approving serve interested party, and others trying to pass on the expense to pass another law to their advantage, and thus became the laws are subject to outbidding political.

 

Vice Kordstani: the task of the President of the Republic to dissolve problems will not fail
06/10/2012 14:15:19 Saturday

Baghdad (news) : Rule out the leader of the Kurdistan Alliance MP / coalition blocs Kurdistan / Hassan Jihad, failed mission by President Jalal Talabani to resolve the political problems between the blocks.

Jihad said in a statement (of the Agency news) on Saturday: We are convinced that the work of the president in the convergence of political blocs and the agreement the mechanisms solutions to problems, will succeed and will not fail, because everyone in one ship and everyone will lose from the lack of success solving problems.

 

DAMAC Properties signed a memorandum of understanding with Iraq to develop a number of projects
06/10/2012

BAGHDAD / JD : declared "DAMAC Properties" has signed a memorandum of understanding with the Minister of Construction and Housing in the Republic of Iraq during exhibition "Cityscape Global" 2012.

has "DAMAC", the largest developer special Properties class in the Middle East, two plots of land now in the Iraqi capital Baghdad, had been carried Bashra�hma earlier from the private sector, the company operates in the current time on the preparation of the final designs for projects that are planning to launch, which will be announced in the near future.

said site directly: According to the agreement, will "DAMAC Properties" to provide expertise and advice in the development of a number of residential and commercial projects in Baghdad and the surrounding area. The memorandum of understanding this fruit of many months of talks, which culminated in the consultations that took place at the highest levels and culminated Convention, which was signed during the exhibition.

 

A member of the Finance Committee: the devaluation of the dollar against the dinar winning is not the level of ambition
06/10/2012 13:46:16 Saturday

Baghdad (news) " Female member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, that the actions of the central bank to increase the width of the dollar led to balance the dinar exchange rate against the dollar, but it was not balanced at the required level.

Yasiri said (of the Agency news sons) on Saturday: The low price dollar against the dinar as a result of actions the central bank is not the level of ambition, stressing, that the Finance Committee and in coordination with the Central Bank will new measures to make the dollar worth of the dinar. added: that the currency's strength comes from the strength of the country's economy, adding that the new measures to be taken are summarized increase sale hard currency by the Central Bank for banks and banking companies.

http://ikhnews.com/news.php?action=view&id=58872

 

Endeavors World Bank efforts to fight poverty
10/06/2012

WASHINGTON (Reuters): World Bank President he would tell Member States during meetings this weekend in Tokyo that he is working on the preparation of sweeping reforms to make the bank more effective in fighting poverty. would be the annual meeting of the World Bank, IMF, and to be held from 12 to 14 October the first opportunity for Jim Yong Kim to determine the vision of the Bank's mission since taking office in July. said Kim told reporters �We are not ready yet because to request specific changes ... But if we really are serious about ending poverty sooner than currently targeted ..

 

MP for mass citizen Abdul-Hussein Abtan: You must delete the zeros early 2013 and postponed to 2014 is incorrect
10/06/2012  1:00 pm

A member of the Economic Committee MP Abdul Hussein Abtan, the Iraqi market needs to project the deletion of zeros from the Iraqi currency early (2013) to save the country from greater economic inflation, stressing: that the postponement of the project (2014) will hurt the country's economy.

Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day.


The below posts were in our 6pm email

Shredd Articles & Chat - Post By Lightingsclt & Priscilla927

CBI: "IRAQI DINAR'S PRICE RECOVERS AGAINST US DOLLAR"

Baghdad (AIN) -The Central Bank of Iraq stressed "The stability of the US Dollar's price against the Iraqi Dinar since the Iraqi Currency witnesses clear recovery."

The Deputy Chairman of the CBI, Mudhir Mohamed Salih, stated to AIN on Thursday "The Central Bank of Iraq managed to control the exchange rate of the US Dollar against the IQD Dinar at 1.18 or 1.19," noting that "All the exchange offices make up to 5% of the demand for the US Dollar."

"The largest rate of the demand of the Dollar goes to the money orders for purposes of financing the foreign trade and Iraqi's imports," he added.
... 

Part 2 BondLady Articles & Chat - Post By Tlm724

[BondLady] why do people invest in countries right after a war ? do you ever wonder about that at all ?

[BondLady] usually a war happens their currency bottoms out but after a war its time to rebuild and bring back up the value of their money

[BondLady] you can't expect them to instantly go back to what it was before when they had a complete infrastructure and all their industries were at 100% their agriculture was 100% everything was 100% electric, water, gas, oil homes jobs

[BondLady] they have to make way for all these things everything was crushed do you get that everything was wiped out very few places were unaffected so to start from the ground up and see such huge leaps as we are seeing you cant see it if you dont stop thinking with a western mind set
... 



Part 1 BondLady Articles & Chat - Post By Tlm724

* Iraqis still prefer hard currencies for many transactions

* But some foreign speculators see long-term opportunity

* External, budget surpluses could eventually boost dinar

* For now, central bank wants to keep currency stable

* Any major appreciation unlikely before two or three years

By Aseel Kami

BAGHDAD, Oct 3 (Reuters) - Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions.

The logic of the dinar bulls is simple. Iraq's oil exports rose to 2.6 million barrels per day in September, their highest level in three decades; the country aims to hit 6 million bpd by 2017, which would put it close to Saudi Arabia's current level.
... 


Millionday RobinRedHed and Fresh Friday Round Table Chat

Oct 5 12:12 PM [Godsalli/Jim] Expert: lifting the dollar in banks Kuta means the success of the policy of the Central Bank and exchange rate stability 10/05/2012 Expert: lifting the dollar in banks Kuta means the success of the policy of the Central Bank and exchange rate stability 2012-10-05 08: 43: 34 Friday Baghdad (newsletter) : The Economist attributed Manaf Al Sayegh, the causes of the recent Central Bank action to lift (Kota) price from Iraqi banks, currency exchange rate of the dinar against the dollar. He said Sayegh (News News Agency): the new procedures the Central Bank lifted rates on currency in Kuta Iraqi banks and to make free market currency market due to the stability and balance of the dinar against the u.s. dollar in the local market, indicating that the Kota price imposed on currency in banks previously when the dollar rose to dinar.

Oct 5 12:12 PM [Godsalli/Jim] He added: the Central Bank imposed restrictions on the sale of Iraqi bank currency when demand for the dollar and its value rose to dinar, that made her successful actions achieved balance in currency. Sayegh said: the policy of the Central Bank reduced the difference between the price of currencies in the cash market and the exchange rate of the Central Bank, adding that the dinar exchange rate against the dollar has become a parallel difference estimated (2%). He continued to reduce the difference between the market price and the price the Bank make strong Iraqi dinar against the dollar, saying that the coming period will witness even between dinar and the dollar.  


BWM in Chat at MIG Friday afternoon

[BWM] working on a classroom for the NCUA... after the FDIC class other day I had a lot of questions about credit unions... so I'm working on a new class for those that may be considering credit unions as post rv plans

Villarmosa] BWM can O do an EO to exclude IQD exchanged to USD on US soil???

[BWM] Villarmosa no... because of international laws you cannot 'discriminate' against a currency.... and protection has already been included until next year.. O renewed it himself...

[charm] [6:07:19 Pm: This is a little more than just another rumor. A personal friend of mine I just talked with said his personal banker at WF called him just after the bank closed today. He said they have the RV rate. They will do a final training session until noon then after lunch the RV will be live for personal bankers to contact large dinar holders to start making appointments Monday morning, but walkins with small amounts of dinar will start processing at 1 PM in all progessive time zones. He said he can't tell me what the rate is until after lunch Friday. He did say WF got a direct notice from the CBI as well as the UST. Cash out will not be in FRNs.
,, 


Words of Encouragement from DebTarHeelGirl Friday Afternoon

Are you facing your own crisis right now? You may ask, "What am I supposed to do in such a crisis? What happens when I'm overcome with fear because everything is coming down around me?"

Here is how God answered Israel when they faced their crisis: "Fear ye not, stand still, and see the salvation of the Lord . . . The Lord shall fight for you, and ye shall hold your peace" (verses 13-14). The Lord was saying to them, "The first matter you must deal with is your fear! I will fight for you and I will save and deliver you. Let that promise be your strength and drive out all your fear!"

Don't count the chickens before they hatch is a saying you've heard since you were a child. But this is hard to do when you want something so badly. Wait, Hear from Me. All the facts have not come to the surface, more to uncover. Wait! There will be time to decide. Listen to Me rather than the circumstances or you are going to make a mistake that you will have to reverse later. I know this is hard, but this will turn out well if you wait on Me says the Lord.
....
 

CHAT AT CHRISTIANDINAR.COM FRIADAY NOON POSTED BY WILDFIRE sent to Recaps by WC

CHAT AT CHRISTIANDINAR.COM FRIADAY NOON POSTED BY WILDFIRE

11:50 AM wildfire: things are quiet and there is talk that the VND might go if the IQD does not but that is just talk now

11:51 AM jofre46: I am counting that the IQD will RV very soon

11:51 AM wildfire: you are not the only one it would be nice and of a great help

11:53 AM jofre46: my information last night direct from Iraq said that the cards are working and there are people some celebrating

11:55 AM wildfire: jofre46 heard a lot of different things on the card but that is great to here from a different source as my contact have not talked in three days don't know what is up with them IMO

11:55 AM jofre46: expectation is a complete RV in the next couple days

11:56 AM wildfire: jofre46 that would be great amen

11:57 AM jofre46: as far as I know is the inn country rate $1.18
 



[BWM] ok... got asked about the article that got posted this morning "Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability"... so let's look at the MOST important statement in the entire article...adding that the exchange rate of the dinar against the dollar has become parallel and the percentage difference between the two estimates (2%).

This is a translation issue here. Parallel does not mean "equal" but rather side by side until such time they can "IN THE COMING PERIOD level the playing field between the dinar and the dollar" (as stated in the article). The 2% was given as an estimate of value between the differences IN IRAQ...so there is no change AT THE MOMENT... it's more rhetoric that IN TRANSLATION everyone wants to read that it has happened... not yet

[generals64] BWM can answer this question from me....How many Dinar have been printed?


Curiser in Chat at Intel4U Friday morning

[childofgod] cruiser Yes, I agree - So this really can't take much longer, no?

[cruiser] childofgod I know you are looking for a date, I just do not have one.

[BigB] cruiser So - are we waiting for the big boys to make a little more money in the markets or something else? I think they are just trying to set Wall Street up before the button is pushed - or am I not looking at the bigger picture?

[captaincaveman] BBigB if I worked for myself I'd get fired lol

[cruiser] BigB I think the big boys have made enough money. It is time to have the realignment happen so that the banks can get to lending again.

[BigB] cruiser Do you think tha QE3 was designed to put money in the banks to fund our CE?

[childofgod] cruiser agree

[cruiser] BigB no I do not. It was not enough. What i think the fed did was show me their next move. Bye-Bye freddie and Fannie
,, 


The below posts shaded in green
are on our Iraqi News page
Maliki calls to conduct Provincial elections without delay
Friday, 05 October 2012 09:21

Baghdad (AIN) : The Iraqi Prime Minister Nouri al-Maliki called to conduct the Provincial Elections on time without delay.

A statement by Maliki's office cited "Maliki met the members of the Independent High Electoral Commission in his office in Baghdad," noting that "Maliki stressed the necessity of adopting justice and non-discrimination principles without alignment for this side or that based on political, national, religious or sectarian reasons."

The Ministry of Planning reveal that the budget for next year will amount to 132 trillion dinars

The Ministry of Planning reveal that the budget for next year will amount to 132 trillion dinars 05/10/2012

BAGHDAD / obelisk: The Minister of Planning Ali Shukri, Friday, that the budget for next year will amount to 132 trillion dinars, while pointing to it calculated according to preliminary estimates for the price of a barrel of oil product of $ 90.

Shukri said the "obelisk", "The ministry has prepared a budget for 2013 amounted to 132 trillion Iraqi dinars," noting that "budget calculated on the basis of preliminary estimates for the price of a barrel of oil at $ 90 dollars."

He explained that "next year's budget will provide for small and medium part of the amounts but the largest share going to the energy sector," noting that "the budget will pay great attention to the support of the private sector, which would be economically tributary of the transformation of the consumer market into a productive market." 

Oil Committee expects resolution of the Committee of Five Draft 2007 Oil and Gas Law

Oil Committee expects resolution of the Committee of Five Draft 2007 Oil and Gas Law Friday, October 05, 2012 11:20

Twilight News : predicted oil and gas committee in parliament, Friday, the joint resolution of the Committee of Five Draft 2007 between the drafts submitted to the draft law of oil and gas.

He said the Commission's decision Qassim Mohammed Mchkta in an interview with "Twilight News" that "there is a consensus on the draft 2007 by the parliamentary blocs and the provincial government and its counterpart Federal, it is possible to choose the quintet as a bill for oil and gas or a combination of two draft out format final to them."

The Mchkta added that "the Committee of Five decided to continue meetings until an agreement on the draft of the bill." 

State law: the National Alliance will take appropriate citizen if you do not pass the payment on credit law

State law: the National Alliance will take appropriate citizen if you do not pass the payment on credit law Friday 5 October 2012

He called for a coalition of state law Hadi al-Yasiri political blocs to vote on the law payment on credit of the utmost importance.

Moussawi said in a press statement issued by his press office and the agency received a copy of it on Friday that "if not vote blocs of political opposition to the law payment on credit National Alliance to take the necessary to suit the citizen to know the people who stand against him and the future of his children." 

Deputy State law calls for political blocs to vote on the law infrastructure of the utmost importance for

Deputy State law calls for political blocs to vote on the law infrastructure of the utmost importance for 2012-10-05 07:11:28

BAGHDAD (Iba) : MP for the coalition of state law Hadi al-Yasiri political blocs to vote on the law infrastructure of the utmost importance.

He said in a press statement received by the independent press (Iba) a copy of it if they do not vote opposing political blocs on the law infrastructure National Alliance would be forced to take the necessary action to suit the Iraqi citizen to know who stands against him and Mstfbl his sons.

The Yasiri importance carried by this law requires the political blocs to forget their differences and vote on this law.

The House of Representatives was unable to vote on the law infrastructure controversial lack of quorum for the meeting for a vote on the first of the current month.
Click for Link

Signs of a political crisis between Baghdad and Washington

Signs of a political crisis between Baghdad and Washington 05-10-2012

BAGHDAD (Union) : A report issued by the International Center for Development Studies in London yesterday that the Syrian crisis and put Baghdad in an awkward position, and it raised a lot of questions about the role played by Iraq in the region, and the position of the Syrian regime.

He stated that the Syrian regime was years ago of the worst enemies of Baghdad, being helped into a number of leaders of "Al Qaeda" to Iraq to carry out terrorist operations, as opposed to Baghdad today to change the regime in Damascus, and trying to prevent the flow of militants from Iraq to Syria.

According to the report, this decision reflects the extent to which the Iraqi official Iranian policy in the region, and reflects the concerns of the Iraqi government of any change happening on the Syrian arena. 

Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability

Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability 10/05/2012 08:43:34 Friday

Baghdad (news) : Attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise (Kuta) Prices of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.

Said Sayegh (of the Agency news): The Central Bank to establish new procedures raise quota prices for the currency in Iraqi banks and make market currency market free as a result of the stability and balance of the dinar against the U.S. dollar in the local market, noting that the quota prices imposed on currency in banks previously when the price of the dollar against the dinar.

He added: that the central bank to impose restrictions on the sale of the currency in Iraqi banks when increased demand for the dollar and increased its value against the dinar, procedures achieved a successful balance in the currency. 

Iraqi dinar disappointing .. The speculators are betting on the future

Iraqi dinar disappointing .. The speculators are betting on the future 10/05/2012

Many of them have lost confidence in him profits

Many Iraqis have lost confidence in the Iraqi dinar, but is a big profit for some foreign speculators. This disparity highlights the uncertainty surrounding the investment in Iraq while recovering from years of war and economic sanctions. According to Reuters, depends on the rise of the dinar speculators on simple logic, the Iraqi oil exports rose to 2.6 million barrels per day in September, registered their highest level in three decades. Iraq seeks to export six million barrels per day by 2017, which would make him closer to the current Saudi level.

Even if political instability and insurgent violence and bureaucracy without achieving this goal, Iraq is still in what seems on the threshold of an oil boom will lead to a shift in the financial situation. May grant the flow of new oil revenues Iraq a large surplus in foreign transactions and enhance public financial situation at the end of the current decade. This is the traditional recipe for a strong currency. 



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About Us
We are Iraqi Dinar Investors who Tweet and blog the latest Dinar information gathered from public forums, chat rooms, and blogs.  Our Blog posts are e-mailed in this Recap Newsletter.  

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