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11am, November 11th, 2012  

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Our Blog Posts
3 Scenarios For Vietnam's Economic Growth
National Prayer Call Sunday Night 9PM EST
News, Rumors, and Opinions in Dinarland Sunday Morning
Mini Med Chat - Post By Ksdunlap Dinar Speculator
Saturday Night Dinar Chatter
The posts shaded in green are on our Iraqi News page
The below posts were in our 6pm email
Blaino Update - Post By Ladyrace Dinarian Chat
Bluwolf post emailed to Dinar Recaps - REFLECTION IN THE NOW SENSE
Tidbit Rumors & Opinions - Post By Dinar Detectives
What Is Fueling The Vietnamese Boom?
Tidbit Rumors & Opinions - Post By Leo GET Forum
Political Deadlock? - Post By Red Lily Dinar Updates
Vietnam Shows Promise With Gross Domestic Growth
Bulldog at OOM&F Saturday morning posted by Sednet1
News, Rumors and Opinions in Dinarland Saturday Morning
The posts shaded in green are on our Iraqi News page
The below posts were in our 6pm email
Article Title
© Copyright DRT Distribution, LLC All Rights Reserved

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3 Scenarios For Vietnam's 2012 Economic Growth

Three possible scenarios for the country's economic growth this year were unveiled yesterday by the National Committee for Financial Supervision.

In the first scenario, which is considered "a good one," Vietnam's gross domestic product (GDP) growth will reach 6 to 6.3 percent, while inflation is restricted to 8 to 10 percent. The state budget's overspending in 2012 is around 4.8 percent of GDP.

With a bright outlook on the global economy, and the stable economic development of the country's major exporting markets such as the US and Japan, Vietnam's export turnovers are expected to rise by 12 - 13 percent, while imports post a 13-14 percent increase this year.

The trade deficit would be equal to 11-12 percent of total export revenues. The rate recorded last year was 9.9 percent.
...


National Prayer call Posted by DebTarheelgirl

HAPPY SUNDAY EVERYONE  - I'VE GOT A FEELING THIS WEEK WILL BE AN EVENTFUL WEEK FULL OF PRAISE AND THANKSGIVING TO THE MAX!

O Lord of hosts, how blessed is the man who trusts in You!".... Psalms 84:12 NASB

NATIONAL PRAYER CALL WITH APOSTLE WINSTON TONIGHT

9:00 EST  805-360-1000   1016947#

Feel free to forward to other Dinar Intercessors
[Josey Wales] GOD BLESS OUR TROOPS ON VETERANS DAY. FLAGS ARE FLYING PROUD, ELVIS ON, COFFEE BREWING......................... I pledge Allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, indivisible, with Liberty and Justice for all.

[cruiser] GM all!! Thursday's edition of the NY Daily News talked about who is in and who is out pertaining to the next 4 years. It was on pages 8 and 9. Clintion out to be replaced by John Kerry. Geitner out to be replaced by Jacob Lew. Please note that there is nothing in the article that states for fact that anyone has resigned or been terminated. Geitner is leaving, that is factual since he did say he would not be coming back for another term as Sec. of Treasury, but on friday stated he will not do so until the Fiscal Cliff is resolved (cannot find the article, but it was on CNBC.com if anyone cares to look it up)

[cruiser] Fed Stress Tests to Let Banks Adjust Capital Plans Once: http://www.cnbc.com/id/49770360

[tc0043] cruiser They could solve the fiscal cliff with an .. rv

[cruiser] tc0043 they could solve the Fiscal cliff with a swipe of a pen. Not my words. IMF 's words.

[tc0043] MtnStar cruiser I could solve my fiscal cliff with an rv roflmao

[Josey Wales] cruiser TY for all of your great posts.

[MtnStar] So all this VND talk - what does everyone think cruiser - any news and GM

[hmoob76] Cruiser what do u think ... All this talk about IQD but what if the VND just happens to be the "once in a lifetime" deal instead? Ur thoughts
....


Med (17:18:18):  HI DS WELL I DOUBT ANYONE IS ON BUT I AM GOING TO GIVE A CHAT ANYWAYS I THINK IT IS NECESSARY TO BRING UP WE HAVE PARLIAMENT NOW MOST LIKELY

Med: GOING TO PUT TERM LIMITS ON THE PRESIDENCIES BUT MALIKI HAS THREATENED TO GO TO FEDERAL COURT AND HAVE IT REVERSED AS HE SAID HE KNOWS HE CAN

ONE THING ABOUT THIS MALIKI IS USING THE CONSTITUTION AS HIS SUPPORT FOR THE FEDERAL COURT TO JUSTIFY THE UNCONSTITUTIONALITY OF THAT LIMIT WHICH TO ME IS BS

WE HAVE DONE IT IN THIS COUNTRY AND IT WOULD ONLY BE IN IRAQ THAT AN ACTUAL CHANGE LIKE THIS WOULD BE CONSIDERED DETRIMENTAL

WHAT IT WOULD DO IS ALL THE POSTURING MALIKI DID AND WILL DO IN THE NEXT YR PLUS TO GAIN CONTROL OF ALL THE COUNTRY WILL COME UP SHORT
...


[heartfelt] Found this posted in iqdcalls: wang dang **no call this weekend...we know what we are looking for so let's allow it to play out**

[xyz] Aiming for a huge forex reserves pool Sun, 11 November 2012  LEADING emerging market countries are discussing pooling up to $240 billion in foreign exchange reserves to protect themselves from short-term liquidity pressures, according to documents outlining plans by the five BRICS nations. According to the documents, obtained by Reuters, the pool of central bank money would be available to BRICS facing balance of payments difficulties. Officials at the G20 BRICS meeting, who spoke on condition of anonymity, said China had emphasised that the size of the reserve pool needed to be sufficiently big to be taken seriously by markets.   http://main.omanobserver.om/node/125955

xyz] more ... BRICS eye forex reserves pool of up to $240 billion - document   http://www.reuters.com/article/2012/11/09/brics-reserves-idUSL1E8M586C20121109

geoworld] bouv I was really suprized thismorning to see vnd on my comp went from 20800 last night to 13048 this morning -went back to 20789this afternoon--must be a test???

[JstBringIt] For what it's worth, netdania shows updates on GBP, EUR, EGP, CNY, BRL and INR today....everything else closed Friday havent seen the GBP and EUR change on the weekend before.
....


The below posts shaded in green
are on our Iraqi News page
Congress: ahead of the rest of the budget laws
11.11.2012

A new road map for the work of the parliament in the next phase

BAGHDAD - morning : in time in which the Legal Committee that the budget will be presented to the rest of the laws, expressing regret over the lack of commitment Petraetbih important, examine House Speaker Osama Nujaifi with heads of political blocs and parliamentary committees in a meeting held yesterday mechanism of action of the House of Representatives for the next phase and the development of important laws on the agenda and give priority to the approval away from controversies and political bargaining.

He Speaker during the meeting of heads of parliamentary blocs, to the need to reach understandings among blocs on important laws and pivotal to deduct and Amrarha being laws have direct contact with the citizens, noting that the council voted on 136 law during the last period.

 

Presidency of the parliament warns MPs from legal action in the event of non-disclosure disclosed their financial
11.11.2012

BAGHDAD - morning : warned the presidency of parliament deputies from exposure to legal action in the event of delay Showing disclosed their financial. An official source in the parliament attended the meeting of heads of political blocs with the presidency of parliament yesterday for "morning," said House Speaker Osama Najafi asked deputies to provide disclosed their financial Integrity Commission at the earliest, "explaining that" Najafi MPs warned of exposure to legal action in the event of delay Showing disclosed their financial. "

The source added that the number of MPs who have not disclosed disclosed their financial reach 230 deputies while the total number who for disclosed their financial 95 MPs.

http://www.alsabaah.com/ArticleShow.aspx?ID=38680

 

Commission: We are working on raising the status of data entry and updating the voter register
11.11.2012

Established training courses and workshops continuous and sophisticated

Baghdad, Omar Abdel Latif : revealed the Electoral Commission for elections for its quest to advance the status of data entry during the next phase in preparation for provincial elections in 2013.

said Vice President Board of Commissioners Zobaie "morning" that the Commission has the introduction of Center staff enter data in the training sessions and workshops continuous and sophisticated voter registration update and complete the registration papers for the advancement of their previous levels process during the next phase and to prepare for the provincial elections in 2013.

added Zobaie that the aim of these courses and training is to enhance the status of data entry to be better than it was in the past. was the Board of Commissioners in the Independent Higher Commission for Elections has approved the measures center data entry to update the voter register for the election of provincial non-performing province 2013.

 

Parliament expects prices following the abolition of the ration to 40%
2012-11-11

Baghdad/JD: The parliamentary Economic Committee said hosting the Ministers of finance, Commerce and planning on Monday, on the ration, unexpectedly high food prices if supply allghaa to 40%.

The Rapporteur of the Committee, said a Deputy from the Kurdistan Alliance mohama Khalil/JD/: that "Parliament is hosting tomorrow both Uploader Issawi, Minister of finance, Khairallah Hassan Babiker, Minister of Commerce, Minister of planning, Avinash questionnaire the position of the Committee of their decision to abolish ration cards," he said, adding that the price will rise to more than 40% or 50%.

Khalil, stressed that the parliamentary economic willing down distribution of ration items, because the Government cannot control the prices of food and goods.

 

Representative warns of financial optimism in the estimate budget 2013
2012-11-11

Baghdad/JD: The Finance Committee in the House of representatives on federal budget legislation received 2013, with the optimistic in estimating the budget could lead to confusion of fiscal policy.

And Financial Committee Member said Majida Al-Tamimi told/JD/"public budget law for next year which the House received a total of 138 trillion, you point to a slight increase in the investment budget compared to last year and reached (55) operational budget amounted to 83 trillion dinars were calculated as 90 dollars a barrel on oil exported 2.9 million barrels per day, including Kurdistan 250,000 barrels."

"The budget as such guesses for the price of oil and export quantities are very optimistic that the criterion of income upon which the budget depends on the mtghiirin the price of a barrel of oil and the quantity of export", noting "the importance of preparation as a pessimistic and not optimistic a resolution will build the State budget in accordance with the premises of the crisis and confusion in the event of a setback lead to falling oil prices or quantities exported".

 

Distribution of 30 million to 300 orphans in Baghdad
2012-11-11

Baghdad/JD: Baghdad governorate said the distribution of the first meal of the material assistance which amounts to 100,000 Iraqi dinars to every orphan County orphans and 300 orphans.

He said the first Deputy Governor of Baghdad, Mohammed Al-shammari/JD/: the maintenance of distributed financial aid as much as 30 million dinars to orphans and 300 orphans.

He called Al-shammari of the legislative institution with the enacting laws and legislation to guarantee the rights of orphans and the advancement of economic realities and living.

The Iraqi Council of representatives, to speed up the enactment of social security which guarantees Iraqi family stable income with life and living needs and health guarantees and completion of temporary assistance.

 

D. Governor Sinan al-Shabibi article for "CBI": accused of corruption because the government is trying to control the bank's foreign currency
11.11.2012 11:11 AM

Shabibi denied the former governor of the Central Bank of Iraq parliamentary accusations against him of corruption, saying: "It is a victim of a government campaign in an attempt to control the bank's foreign currency reserves."

The agency "Reuters" news, the Iraqi government dismissed Shabibi last month after being accused of a parliamentary inquiry central bank officials of manipulating dollar auctions.

And local authorities issued arrest warrants for al-Shabibi, who left the country and other bank officials, a decision highlighted investors worried intervention of the government of Prime Minister Nuri al-Maliki in the bank's independence.

Shabibi said told reporters in Geneva that he believed that the main problem is that the central bank did not fund the government because the law does not allow this. He added that the accusations and criticism is unfair and vague.


The below posts were in our 6pm email

Blaino Update - Post By Ladyrace Dinarian Chat

4:59 PM ladyrace: Blaino: PLANETEERS, ONE OF OUR MOST IMPORTANT MARKERS IS AND HAS BEEN IN PROGRESS FOR SOME TIME....

THE NATIONAL CONFERENCE THAT WE HAD HOPED WOULD BE A VERY PUBLIC SHOW OF UNITY AND SUPPORT THAT MIGHT TAKE PLACE OVER A BRIEF COUPLE OF DAYS AS MORE OF A "PUBLIC FACE" ON AGREEMENTS THAT HAD BEEN HAMMERED OUT IN A LESS PUBLIC ENVIRONMENT HAS ACTUALLY BEEN LIMPING ALONG AS MEMBERS WALK OUT AND LATER RETURN, POWER PLAYS, STRUGGLES FOR CONTROL, THREATS AND UNDER THE TABLE DEALS.....

HOWEVER, THEY ARE GETTING "THERE" LITTLE BY LITTLE, INCH BY INCH AND DEAL BY DEAL. THE "PUBLIC FACE" WE EXPECTED MAY YET DEVELOP

IT'S WORTHWHILE TO UNDERSTAND THAT ONCE THIS MARKER HAS BEEN PASSED ON OUR JOURNEY, WE WILL ENTER A TIME WHEN THERE WILL BE LITTLE EXCUSE AND FEW REASONS WHY THE "REVALUATION BALLET" CAN NOT BEGIN.

THAT BEGINNING MAY INCLUDE: ISSUANCE OF LOWER DENOMINATIONS, A "FINAL" AND FULL PUBLIC ANNOUNCEMENT OF THE GOI, SOME ADDITIONAL DETAILS ON THE RETIREMENT OF THE "000" NOTES AND EVEN SOME TARRIF ANNOUNCEMENTS.

TIME WILL TELL, BUT CLEARLY, TIME IS GETTING SHORT NOW.
...
 


HI TO ALL.. WELL WITH THE OUTCOME OF THE ELECTIONS A LOT OF CHANGES IN THE FOCUS OF SOME GROUPS [PTB] HAS AT LAST LOOSEN THE GRIP THAT THESE FOLKS HAD ON THE RV COMING FORTH.

THE ECONOMICAL NEED IN EUROPE CAUSE FOR THE WALL STREET GUYS TO REGROUP WHILE THEY FELL TO A UNREAL LOW, THESE THINGS SENDS OUT A CERTAIN MESSAGE THAT SOMETHING HAS TO BE DONE IN THE NOW SENSE OF THE WORD, WHILE IN U.S. WITH 51 DAYS LEFT FOR THE NATION TO FALL IN A FISCAL CLIFF IT HAS ALL INVOLVE PUSHING FORWARD TO GET THINGS DONE AND YES IN THE NOW SENSE..

WHILE A CERTAIN PM GOT A ENCOURAGING INTERNATIONAL CALL TO GET THIS RV OUT AND YES IN THE NOW SENSE. THE DONG HAS BEEN CLEARED FOR IT TO RV BY THE WORLD POWERS THAT BE, BUT IMO VIETNAM WILL WAIT FOR THE IQD TO RV FOR IT [VND] TO COME OUT STRONG SO IT COULD MAINTAIN IT'S FULL VALUE IN THE CURRENCY MARKET.


Tidbit Rumors & Opinions - Post By Dinar Detectives

11-10-12 Itsallgood: I don't believe most of these Parliament people are "in the loop" so to speak. They come out complaining about the ration card thing being canceled when in reality, the IMF just came out with a article declaring that Iraq needs to follow the plan and cancel the ration cards and all other GOI subsidies.

That was the stipulation as part of the deal they cut with the IMF. Now, all the complaining seems to be coming from the people who should be "in the know" about all this IMF stuff. I don't think there's two people over there in the GOI who are on the same page!

Translation: It seems a major reason to cancel all the subsidy stuff is so they can raise the value of the dinar which in turn will raise the standard of living "WITHOUT" all the subsidies.
... 


What Is Fueling The Vietnamese Boom?

What is fueling the Vietnamese economic boom.

(DONG CURRENCY SECURITY FEATURES BELOW)

A shift from agriculture to manufacturing.

[So many companies like Intel and Canon are investing in the Vietnamese manufacturing industry and this is making the industry to grow on a large scale. The world's largest laser printer factory had been built by Canon in northern Vietnam.]

Between the years 2001 and 2005, the economic contribution through agriculture decreased by 25 percent. In contrast, products such as pepper, coffee and tea have seen higher export during the same time. Export of fish products have increased too.

And while Vietnam produces and exports clothes and footwear, it is increasingly moving towards higher industrialization. Indeed, large electronic companies have made big investment in the Asian country. This has increased the production of high end goods in Vietnam.
... 


Tidbit Rumors & Opinions - Post By Leo GET Forum

11-10-12 Mike: Article: "Claims the exit of Iraq from Chapter VII" I think to date this is the strongest article we have seen that tells us that there is a direction the US wants to go and they are willing to get them out of Chapter 7.

Chapter 7 is directly tied to the formation of their government so basically what this article says is form your government and you are out of Chapter 7.

We are also going to enforce the Strategic Framework Agreement we have for your government and move things along. Remember there is a plan.

11-10-12 Mountainman: Just a reminder to everyone, Saleh said last month that in November they would begin to replace "damaged currency" with new lower denoms, even though that's just 1% of the Iraqi currency used.

In actuality, it's far less of a percentage because the USD is used for transations in the market place. So, here we are in November. Keep an eye on the CBI and a release of new 250 and 1000 dinars.

You would think the higher notes that get used more would have a great need to be replaced for damage. Makes me wonder if this is a cover for a rate change and LD release in Nov, which is only 2 months longer than the original plan.  


Political Deadlock? - Post By Red Lily Dinar Updates

Courtesy of Red Lily with commentary : Looks like Iraq has pretty much made up their mind to sit on their haunches until the next election and try to form a majority government of some kind in order to get any laws passed. Just like our senate and house, they need to have a majority in their government as well in order to get anything done. Right now they are deadlocked.

"Hassan Ozmn calls for the passage of laws that affect the lives of citizens and the political process/GAZETTE! Agencies - called a member of the Turkmen Front MP for the coalition in Iraq good Ozmn, the House of Representatives to invest the remainder of the age of the current parliamentary session, to pass laws that affect the lives of citizens and the political process."

"In the absence of a national meeting, the political differences would deport to the next parliamentary session, and maybe take half her life to solve, pointing out that the government's majority political difficult application now, because House of Representatives election taking place in the third month of the year ( 2014), and preceded by a campaign that may be more than two months, and therefore do not have time to negotiate the formation. "

"If political blocs will be able to hold national meeting, the political crisis will leave for the next parliamentary session and will take half her life and the life of the government that is formed, because the political map will change completely in the present." http://alrayy.com/65826.htm
... 

Vietnam Shows Promise With Gross Domestic Growth

Vietnam Takes Lead In Hotel Growth In Asia

VietNamNet Bridge - The hotel sector in Asia is expected to grow strongly with a compound annual growth rate (CAGR) of 7% in the 2012-2016 period, with Vietnam obtaining the highest growth of up to 15%, said an international researcher. [Scroll down for separate article]
 

Vietnam GDP Growth Rate

The Gross Domestic Product (GDP) in Vietnam expanded 4.66 percent in the second quarter of 2012 over the same quarter, previous year. Historically, from 2000 until 2012, Vietnam GDP Growth Rate averaged 6.37 Percent reaching an all time high of 8.46 Percent in December of 2007 and a record low of 3.14 Percent in March of 2009.

The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy.

Vietnam is a developing economy in the Southeast Asia. In recent years, the nation has been rising as a leading agricultural exporter and an attractive foreign investment destination. Vietnam's key products are: rice, cashew nuts, black pepper, coffee, tea, fishery products and rubber.
... 



Bulldog at OOM&F Saturday morning posted by Sednet1

[Bulldog75] MANY OF YOU HAVE CONCERNS AND LOSSES OVER THE PAST 30 DAYS. YOU ARE NOT ALONE. FOR YOUR FRIENDS AND GOD ARE WITH YOU. REST AND KNOW, THE LOVE OF GOD SURROUNDS US AND PROTECTS US. WE ARE BLESSED AND HIGHLY FAVORED. AMEN.

Bulldog75] WATCH THIS MEETING CLOSELY & THE DATES NOV. 15-20: The heads of government of US, China, Japan, Russia and other countries are also expected in Cambodia: Post Bulldog75 Today at 10:32 am O to be first US president to visit Myanmar in landmark trip 2012-11-10 01:02 Read more: http://usa.chinadaily.co ��� 6734.htm O will travel to Myanmar as part of a Nov 17-20 tour of Southeast Asia that will include stops in Thailand and Cambodia, the White House said on Thursday as it confirmed details of his first international trip since voters gave him a second term in an election on Tuesday.

O will also be in Southeast Asia to attend meetings in Cambodia centered around an annual summit of the 10-country Association of Southeast Asian Nations, which is usually extended to take in leaders of partner countries.
,, 


News, Rumors and Opinions in Dinarland Saturday Morning

cruiser] gm all. Wow. Everyone is worried about this Terri K post. It must have been a good one.

[vrandyshell] cruiser mbd4049 maybe he's been gagged and tied now!

[mbd4049] vrandyshell we could only hope rofl

[vrandyshell] mbd4049 check all the closets for TK :He'll be the one hog tied

[2mater] cruiser it's his usual hype - - it's mostly all about the VND rather than the IQD

[Ribeye] 2mater cruiser maybe the VND sales are down by the brokers! lol

[cruiser] 2mater so that is why everyone is worried about the vnd going and the iqd not going now. What a line of crap.

[weneedit] cruiser thats what I think, it's almost like double dipping

[cruiser] weneedit we can only be so lucky. Lol

[weneedit] cruiser ya not me, but that is why I do see them going together

[calibeach] cruiser I know you think it's out of Iraqs hands but what about Maliki and the power sharing? Is that all smoke?

[cruiser] calibeach it is all a distraction. If you follow Iraq and the news coming out of there, you might as well invest in advil. Your head is going to hurt alot. Lol
.... 


The below posts shaded in green
are on our Iraqi News page

Jawad al-Bolani: requiring the government to pay 100 thousand Iraqi dinars per capita allowance for ration card

Jawad al-Bolani: requiring the government to pay 100 thousand Iraqi dinars per capita allowance for ration card Sunday 11/11/2012 02:06 AM

Baghdad / citizen : Warned former interior minister Jawad al-Bolani of the repercussions of decisions fateful unknown consequences, especially with regard to the cancellation of the ration card, and student Bolani government by making allowance ration card 100 000 Ddinrellferd per and not 15 000 dinars, stressing the need to involve the ministries of planning, trade and internal development of mechanics replaced ration card items and controls of food prices in local markets
http://almowatennews.com/news.php?action=view&id=49002

Shabibi authorities accuse of threatening the independence of �Central�

Shabibi authorities accuse of threatening the independence of �Central� Saturday, November 10, 2012

BAGHDAD (AFP) : accused the governor of the Central Bank of Iraq article Shabibi yesterday governmental authorities threatened the independence of the bank in order to control the reserves.

Shabibi rejected the accusations against him, in particular "mismanagement of funds and failure to work," he told 'AFP', by telephone from Geneva yesterday, has "were trying to since 2009 and they want money from central bank reserves."

"I think that the main problem, basically, is the reserve, because they believe that we have a lot of reserves and they want to use for funding. The government wants money from the Central Bank and the Central Bank Law does not allow it." 

Shabibi accuse al-Maliki of trying to control the cash reserve

Shabibi accuse al-Maliki of trying to control the cash reserve Saturday, 10 November 2012 11:50

Baghdad / Orr News: Accused Iraqi Central Bank Governor article Shabibi government authorities threatened the independence of the Bank in order to control the reserves. Shabibi rejected the accusations against him, in particular "mismanagement of funds and failure to work," he told "Agence France Presse" of Geneva, has "were trying to since 2009 and they want money from central bank reserves."
Click for Link

Shabibi: the government seeks to control the reserves of the Central Bank

Shabibi: the government seeks to control the reserves of the Central Bank 2012-11-10 11:45:31

LONDON (Iba) : rejected Iraqi Central Bank Governor article Shabibi charges against him, particularly �mismanagement of funds and failure to work, pointing out that the government authorities threatened the independence of the Bank in order to reach its reserves.

Shabibi's comments came after weeks of being sacked from his post, which was preceded by warnings against him and against other government banks, diplomats and analysts considered it comes in the context of seeking to control the bank by Prime Minister Nuri al-Maliki, who has denied his office and standing behind it.

Shabibi said in a telephone interview from Geneva with the French Press Agency �They were trying to since 2009, and they want money from the central bank reserves. 

Iraq cancels $4.2bn Russian arms deal over 'corruption'

Iraq cancels $4.2bn Russian arms deal over 'corruption'
November 10 2012

Iraq has cancelled a $4.2bn (�2.6bn) deal to buy arms from Russia because of concerns about "corruption", an Iraqi government advisor has said.

Iraqi Prime Minister Nouri Maliki has suspicions about corruption within his own team, his spokesman told the BBC.

The purchase - said to include attack helicopters and missiles - was only signed off in October.

Iraq has been rebuilding its armed forces since the end of US-led combat operations against insurgents.

One Russian military expert has suggested the that Iraqi authorities scuppered the Russian arms deal under pressure from Washington. 



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