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Greetings!,
Our newsletter is a listing of all our blog posts. The newsletter is sent 2 or 3 times a day. Our email schedule is HERE. If you cannot wait for the email, you can read our posts directly on our BLOG throughout the day and night, or follow us on TWITTER and get our blog posts tweeted to you between 10am - midnight (ET). Our Twitter name is DinarRecaps. If you like this newsletter, share with others. Enjoy our Recap Email, The Dinar Recaps Team |
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Thursday Evening The Big Call with Footforward RECORDING LINK Playback Number is 559-726-1159 access code 123456# 48 Minutes
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Precious] Please read this article and do the math...
[Precious] The former governor of Iraq's central bank who was removed from his job amid allegations of financial impropriety has vowed to clear his name. Sinan Al Shabibi was suspended from his post following allegations that the central bank had manipulated the Iraqi currency against the US dollar. But he claims that the charges against him are cover for a political manoeuvre by the government to use the central bank's reserves. "We had conflicts with the government. They wanted to use the central bank's reserves to finance some electricity projects and part of the (public) budget, but we told them they cannot touch the reserves," Mr Shabibi said.
[Precious] The cabinet recently approved a draft budget of 138 trillion Iraqi dinars (Dh435.6 trillion) for next year. However, the proposal still needs approval from parliament. Mr Al Shabibi claims the "root" of the dispute surrounded the use of the central bank's reserves for this budget, which would have had a negative affect on the currency.
[Precious] emand for dollars in the central bank's weekly currency auction doubled to US$300 million (Dh1.1 billion) from November to April, putting pressure on the nation's foreign reserves of about $63bn.
[Precious] looks like 3.66 to me........................................... ....
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The below posts shaded in green
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Al-Maliki is to ration allowance increase to 25,000 dinars Thursday November 8 2012 10: 48 GMT
Zulal: Prime Minister Nuri al-Maliki Thursday, up ration allowance to 25,000 dinars.
Iraqi television and semi-official in Newsflash, Prime Minister Nuri al-Maliki was quoted as saying that "the amount of the allowance for altmoinh card may increase to 25,000."
The Cabinet decided at its forty-eighth, Tuesday (6 November 2012), replacement of the existing ration cash distributed to covered by the system (15) thousand dinars for each individual.
Prime Minister Nouri al-Maliki, was seen Thursday, the ration system in need of reform, stressing that the Cabinet decided to provide food in the markets, in addition to the amount assessed, the Commerce Ministry said the Cabinet decision to revoke ration "benefit", vowing that it will put food in markets with subsidized price after canceling the card, while stressing a Cabinet for a good plan to prevent any case of inflation or a rise in food prices in the market.
Maliki congratulates Obama for being re-elected November 8 2012
Baghdad (AIN) : The Premier, Nouri al-Maliki, expressed Iraq's desire to develop its relations with the United States in all fields.
Maliki sent a congratulatory message to the President of the United States of America, Barack Obama, on winning a second term in the US Presidential elections.
In his message, "Maliki expressed his hope that this occasion will enhance the moderation in settling the international problems and determination in confronting the terrorism to sustain stability in the world."
Iraqi government .. Allocate 25 billion to work 140November 8 2012 Kirkuk / Abdullah Ibrahim: The head office of Article 140 for exchange entitlements for the Kurds displaced within the ninth stage twenty worth 25 billion dinars allocated by the Iraqi government under dispute heated between Baghdad and Erbil assertion that Prime Minister Nuri al-Maliki to Kurds but the trends that lead to prejudice the unity of Iraq and the security of all its components .. And called for an official office of Article 140 and a member of its senior in Kirkuk at a news conference deportees Kurds to review his office in the governorate building in Kirkuk on Saturday and Sunday to receive ten million dinars within stage 29 Bojbadtha 16 and cost 25 billion allocated by the Iraqi government to the Commission's work .. The CAC sprayed Friend The number of applicants from the Arabs coming to receive compensation amounting to 20 million dinars reached 28 thousand covered were distributed 22 thousand is included in the compensation distributed 13 thousand so far .. and that the new meal for the evacuees Kurds include 1396 Advanced will be distributed to them on Saturday and Sunday . Click for Link
Transportation: direct the execution of the breakwater of the port of Faw in two weeks November 8 2012
Baghdad / Orr News: The Ministry of Transport announced that the Greek company that won the contract to implement the breakwater of the port of Faw will start work within the next two weeks after the completion of measures to open a documentary credit.
Said Undersecretary two banks "The Ministry of Transport will work on completing the procedures to open letter of credit the company's Greek winner holding the breakwater of the port of Faw in the next two weeks to begin its business."
He added that "Once you open a documentary credit measures the company will begin its work and which identified 18 months to complete the project."
Iraq needs $1 trillion to rebuild battered economy: Investment head November 8 2012
BAGHDAD: Iraq needs up to $1 trillion (784 billion euros) over the next 10 years to rebuild its crumbling infrastructure and battered economy, its investment chief said in an interview on Thursday.
Sami al-Araji's remarks come during the Baghdad International Fair, Iraq's biggest trade showcase in more than 20 years, as the government looks to court foreign investment, diversify the country's oil-dependent economy and reduce unemployment.
"We are talking about the reconstruction of Iraq, a minimum requirement of money ... is about $600-700 billion dollars, and could go all the way to $1 trillion" in the years to 2022, said Araji, director of the National Investment Commission.
A parliamentary source: Shabibi access to central bank governor of Baghdad and the expectations for his arrest 11/08/2012 Early parliamentary source disclosed that the Governor of the Central Bank of Iraq will arrive today to Baghdad, expecting to be arrested upon arrival. A source in the Finance Committee parliamentary Baghdadi News that the central bank governor will return to Baghdad today after a period of leave to Tokyo last month to participate in an annual conference there, the source added that there are news spin on the arrest Shabibi after arriving, noting at the same time that the charges against Hbibi still unclear was waived after the investigation and that it may be detected for other people and officials involved corruption issues that concern the central bank and recently raised money laundering operations. Click for Link
Maliki put the finishing touches to the announcement by the Government of the majority Thursday, November 8, 2012 05:09
It seems that things are going to be political complexity pending resolution magically return it to normal.
Sources close to the state law, she said: that al-Maliki completed preparations for the declaration of the Government's majority political participation Dialogue Front led by Saleh al-Mutlaq, leader of the Iraqi Rafie al-Issawi and the Islamic Supreme Council headed by Ammar al-Hakim, and Kurdish opposition front.
The sources for "tomorrow" that intensive meetings held between state law and the Dialogue Front, under the supervision of al-Maliki to reach to put the final touches to an agreement to form a majority government.
She noted that consultations with Rafie al-Issawi had reached the semi-final agreements for joining a majority government.
Chinese companies group shows its desire to rehabilitate infrastructure in Wasit November 8 2012 13: 39 GMT
Alsumaria news and Wasit: Wasit Governorate Council, Thursday, that Chinese companies wanted to rehabilitate the infrastructure in the province, pointing out that these companies have similar work in Arabic.
Council President Mahmoud Abd al-Rida, in an interview for alsumaria news "," group of companies, the Chinese made Tak, Voss said, Wasit Governorate Council displays which interest from infrastructure across the province, stating that "corporate group expressed a desire to also build hospitals modern specifications".
Abdolreza, adding that "these companies had implemented a number of projects on rehabilitation of infrastructure and the construction of a number of hospitals in a number of Arabic countries including Jordan and Bahrain.
Article 140 Committee announces the arrival of displaced from Kirkuk amounts and to November 8 2012 17: 54 GMT
Alsumaria news/Kirkuk: Article 140 Committee in Kirkuk, Thursday, the arrival of 1955 a to compensate displaced families from Kirkuk and inward, saying that 11 000 imported custom awards received them, with the forces of the criticized operations of Tigris, preventing many families leave Kirkuk towards their areas of Central and southern Iraq.
Chief of the Bureau of the Committee on article 140 on Kirkuk by a friend at a press conference, today, in the city and attended by the Sumerian "news", "the Bureau of the Committee on article 140 receipt today, 1955 an instrument to compensate families stage of conservation and incoming at $ 1395 deportees instrument and 560 Arab expatriates instrument", stating that "instruments will be drained by three meals".
Adding a friend to "value these instruments is 10 million dinars for displaced families of the province and 20 million dinars to the Arabs," he said, adding that "all Arab expatriates who made a request to the Bureau in Kirkuk to return to their areas of 28 thousand families".
Najiba Najib: the House of Representatives had not seen the Central Bank's Special Investigation Thursday, 08/11/2012 10:23 am
Baghdad / WAP : MP announced the Finance Committee Najiba Najib, that the House of Representatives and the parliamentary Finance Committee did not see the of file investigation on the issue of the central bank. . And stressed in a statement to the news agency Baghdad International / WAP / need, extremely knowledgeable and Tdeiat subject and the reasons behind it, the facts are revealed in front of the House of Representatives. "
She explained: "The Constitution and the House of Representatives is to decide the issue of the Central Bank, as no party has the right to intervene."
http://www.baghdadiabian.com/news.php?action=view&id=36012
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The below posts were in our 6pm email
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pappyy] Jeff It is a bit perplexing to think we are still here waiting given the world economic situation.
[Jeff] pappyy we are flipping close
[pappyy] Jeff I believe that!
[flagurl] can't believe we are still here but I hope our time will come soon
[mbillions] flagurl We all do sweetie...
[Jeff] mbillions all I can elude to is this, it is understood that we will have a gold standard starting January 1 2013
[cruiser] good afternoon all!!!
[mbillions] Jeff I heard and am excited...
[Jeff] cruiser oh my gosh what what what oh my it is the cruise man lol
[Jeff] cruiser did I not say that I would not come back on a chat? LOL
[cruiser] Jeff gold standard? what do you mean? lol R u referring to the announcement that has been held up to show how our government will work in agreement and save us from the fiscal cliff? roflmao ....
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The below posts shaded in green |
Readings reveal the real reasons behind the crisis, the central bank and its repercussions on the political process and the country's economy Thursday 08/11/2012 04:17 pm
The Governor of the Central Bank of Iraq Sinan Shabibi, issued an arrest warrant, the bank refused the government's attempt to dispose of its reserves is the reason for the dispute with us, pointing out that our policy in the Central Bank of conflict with the government's policy in the fight against inflation.
Shabibi said that the government tried to get some funds for reserves in the Central Bank, which is a cover of the currency and by five billion dollars for the budget that the federal, and two billion dollars to the Ministry of Electricity, pointing out that he is not entitled to the government to act reserve bank, according Article 26 of the Central Bank Act.
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The below posts were in our 10am email
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"State of the Dinar" Streaming Update Call
Nov 8th Thursday - 11am CST with BGG
Just click on the "Straight Talk Radio" banner @ www.dinarupdates.com/blog and listen.
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Late Wed. Evening:
Kini] "You've gotta DANCE like there's nobody watching, LOVE like you'll never be hurt, SING like there's nobody listening, LIVE like it's heaven on earth, and SPEAK from the heart to be heard." - William W. Purkey
[Blaino] PLANETEERS, DINARIANS AND READERS ACROSS THE CHAT-O-SPHERE...ON THINGS RV RELATED, WE ARE STILL WAITING FOR SOME ISSUES TO CLARIFY IN ORDER TO FIND A PATHWAY TO REVALUATION. WE NEED A DAY OR TWO TO SEE THE EFFECTS OF THE ELECTION AND THE IMPACT ON MATTERS FINANCIAL BEFORE WE CAN ISSUE ANY FINDINGS FOR THE SHORT TERM. MORE AS IT COMES AVAILABLE. LATER
BigB] tatortot A friend of mine texted me and said his dad just called (both invested) and stated that he saw a meeting at the local WF bank with 30+ people behind locked doors at 7:30PM. Now my daughter used to work at banks and they often had meetings in the evening. Just coincidence - maybe.
[tatortot] BigB Yeah my daughter works for a bank and they have training at night all the time. But we can hope........
[BigB] tatortot As I stated, don't jump to conclusions but a good shot of hopium is always welcome.
[tatortot] BigB Yep I could use some hopium right now.
[BigB] tatortot Lets face the facts, ther are a lot of "things" going on the last couple of days. ....
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[LEO] Thank You For Joining Us Tonight For Another GET Team Conference Call ~ Our Thoughts and Prayers Go Out To The Victims Of Hurricane Sandy
[kaycee] We want to dedicate this call to the victims of Hurricane Sandy
[kktwahoo] terryk now
[kktwahoo] Thanks for prayers for victims of hurricane sandy I had to help my inlaws do several things in WV Did not have serious damage in their area
[kktwahoo] I have a lot of information actually Got a phone call from one of sources ask me to not spread this information - there is a chance our blessing could come in the next few days
[kaycee] Some things going on overseas as well Trying to figure out what I can and can't tell you Exxon and Chevron are walking away from a $60m project
[kktwahoo] Stock market went down today Some wonderful things out there if the market drops
[kktwahoo] Actually 2 articles concerning Iraq ExXon Chevron are walking away from oil reserves in Iraq/Kurdistan Bagdad is the central agency to deal with all the oil deals Due to conflict between Iraq and Kurdistan - these two companies are walking away BP is already there to pick up back side of these contracts Demand payment by end of year of 650 billion - NOT USD don't know where that would come from ...
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Med (21:45:34): I WAS READING AN ARTICLE A FEW MIN AGO AND IT WAS ABOUT REDUCING LIQUIDITY IT WAS OBVIOUS THAT SHABIBI WAS NOT THEY SAID SALES HAVE DROPPED ABOUT 70MIL A DAY BUT THEY FOR SOME REASON WANTING TO SAY IT IS NOT CONTRACTIONARY
MONETARY POLICY OF COURSE IT IS THERE ARE ONL TWO TYPES CONTRACTIONARY AND EXPANSIONARY SO YOUR EITHER REDUCING THE AMOUNT OF HARD CURRENCY OR YOUR INCREASING IT
Med:IT REALLY SEEMS THAT CBI HAS NOT SKIPPED ABEAT
junebug: decreasing sales is a good thing right? or am I on the wrong path
Med: NO IT IS THEY NEED TO STOP NOW ANOTHER PLUS FOR US IS THEY ARE CANCELLING OUT THE SOCIAL WELFARE PROGRAMS IN IRAQ NOW IT IS BS FOR THE PEOPLE BUT THIS SEEMS TO BE SETTING THE COUNTRY UP FOR A FREE MARKET ECONOMY
NOW I ALSO SEE THAT THE DEMARCIATION OF THE BORDERS SEEMS TO HAVE BEEN SETTLED AND IT WAS FIRST REPORTED THAT KUWAIT WAS USING THE REST OF THE COMPENSATION TO INVEST IN IRAQ WELL TODAY KUWAIT SAID IT WAS A LIE OK WELL THAT IS ALL I GOT (thank you's) Med: YW ...
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BWM: I don't want this to become a political discussion but let me just say to our servicemen and women who have given ALL to our country, I salute you and would gladly shake your hand in appreciation for the ultimate sacrifice that you make daily... and I apologize that more are not willing to STAND UP for this country rather than STAND Down...
BWM: first, let me address all the adulations that have been handed out by some of the intel providers of late... don't EVER consider me more than a person whom is looking out for himself and his family... if you are here or read something I say it's because I consider many ppl here "extended" family... I will honestly tell you as I believe, I look out for US first... I don't sugarcoat it altho I have on many occassions not said as much as I would have liked... I will tell you my honest opinion of another IF I have actual, factual information I can share from personal experience... but don't look for me to "glorify" ANYONE as an intel provider... to me that is absolutely ridiculous
BWM: especially when all you need to ask that person is, "how much time have YOU spent in Reno?" and let me tell you... more than a couple have trotted off to Reno with grandious ideas of cashing in themselves and leaving you behind if necessary... so for some of them to sit down and type out a post about how much they "care" about and we'll be here for you... well, when everything falls apart and the money runs out.. sure, they'll be back because they are "loved" on the boards... ,,
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The below posts shaded in green
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Planning: the distribution of surplus oil revenues legal requirement that can not be violated 11/08/2012 8:02 am
The Ministry of Planning lack of agreement on the identification of the categories that will be included with a surplus of oil revenues that was ratified in the current year budget. He said Planning Minister Ali Shukri said in a press statement yesterday that the surplus oil revenues would be calculated as of the thirtieth of July to the end of December.
He noted that the rates of oil exports is unstable and changes from one day to another and selling prices in the rise and fall. Shukri said that so far there is no agreement on the categories that will include a grant of surplus oil revenues approved by the parliament, but the distribution is a legal requirement that can not be violated. He said there was a proposal for the adoption of covered ration cards only surplus oil revenues, while others demanded inclusion of all segments of the Iraqi people, without exception. He added that there was a proposal last adoption covered only the salaries of social protection network grant surplus revenue
http://www.burathanews.com/news_article_174868.html
Collect 100 signatures to the enactment of the Strategic Economic Council 11/08/2012 7:45 am
A member of the parliamentary economic hundred signatures collected for Congress, for the development of the Strategic Economic Council, which Sechts as economic policy, pointing out that "this law in the process of study."
The Attorney Joseph Tai in a press statement yesterday, "it was collecting more than one hundred signature to Congress to pass a law for the development of the Economic Strategic, since adopting this council all economic subjects, and paints economic policy in Iraq through investment expertise of several economists and academics Iraqis" .
Maliki: Amount ration alternative materials may increase to 25 thousand dinars 11/08/2012 14:37:27 Thursday
Baghdad (news) : Prime Minister Nuri al-Maliki, that there is a possibility to increase the amount alternative to the ration card to 25 thousand per capita.
and Maliki said in a statement received by the Agency (news) copy of it on Thursday: The $ 15 thousand dinars allocated by Government as an alternative to the ration card items may increase to 25 thousand Iraqi dinars. The government attributed the decision to replace the ration card items to amounts of money, there are cases of fraud and corruption which, which sparked amazement religious authority and resentment and indignation street counting decision unfair and the disregard by citizens living their lives.
http://www.ikhnews.com/news.php?action=view&id=62757
Expert: the world will witness a slowdown in economic growth .. The government is required to develop a plan to rescue the national economy 11/08/2012 14:01:13 Thursday
Baghdad (news) : Expected economic expert Jalil al-Rubaie, slowing global economic growth during the next two years as a result of the economic crisis taking place in some European countries and the U.S., calling on the government to develop a comprehensive plan to rescue the rescue of the national economy through diversification of fiscal revenues.
Rubaie said (of the Agency news) on Thursday: The revenue oil is resources moving and not fixed any affected by any global economic crisis, particularly that the national economy is supported entirely on oil, which makes vulnerability directly in the event of falling global oil prices.
Shabibi / JD /: to bring integrity of all documents written to Ward 11/08/2012
BAGHDAD / JD : student central bank governor article Shabibi all documents which accused him of the Integrity Commission to money laundering in order to respond.
Shabibi said defying's / JD /: I demand the documents and books that refer to Torti money laundering in order to answer.
revealed Shabibi he will respond to all the charges against him, and prove his innocence, reports suspicious issued against him, stressing that the days next witness revealed all the facts.
mentions that the judiciary has issued an arrest warrant for Shabibi Iraqi Central Bank Governor on the background of suspicions of money.
Oil-rich Iraq becomes World Bank target for contributions November 8 2012
With its oil output expected to continue to rise, Iraq has become the World Bank's target for financial contribution.
Deputy head of Iraq's Central Bank said last week that the World Bank asked Iraq to become a donor state by 2014.
But with the myriad challenges facing a country ravaged by years of war, Iraq is likely still far from being able to help others.
"Poverty is still rife in Iraq. Iraq continues to be a potential conflict zone. There are regular bombings in the country," Paul Sullivan, professor of economics at the National Defense University (NDU), told Al Arabiya.
Maliki threatens to resort to to overturn a federal proposal to limit the jurisdiction of presidencies November 8 2012
Baghdad / Orr News: Counting legal adviser to Prime Minister Nuri al-Maliki proposed laws enacted by the House of Representatives is not binding on them, among the government could cancel the proposal of the House of Representatives if prescribed for determining the states of my presidency, ministers and deputies.
Said Fadel Mohammed Jawad "The message of President Jalal Talabani sent by the House of Representatives before the period was clear and that showed that the bills come from the government and the President of the Republic is not entitled to the House of Representatives legislation of laws," noting that "the House of Representatives and in accordance with Article constitutional entitled to submit the proposed law and sent to the government on its way toward legislation. "
Commission of Inquiry: $ 12 billion fortune of one of the accused corruption centralNovember 8 2012 Baghdad / Orr News: A source close to the relevant committee to investigate corruption charges for the Central Bank of the wealth collected by one of the defendants in the case central bank auction, worth $ 12 billion, pointing out that he contributed to the acquisition of immovable property to an Iraqi investor prominent within the country worth 10 billion dinars. The source added that this small charge made defrauding investors, and make it speculating more than $ 14 billion from the balance of bank owned compared to secure his financial coverage in the Central Bank, and added that the official did not meet his promise and sign an investor victim. He stated that the total stolen in charge of almost 22 billion dinars, noting that there are many other cases up embezzlement of more than this amount. Click for Link
Araji: There are reports of suspicion of corruption in the arms deal, Russian and involved close to Maliki's office November 8 2012
BAGHDAD - "arenas of Liberation" by Alaa al-Janabi: Prime Integrity Committee in the House of Representatives Bahaa al-Araji, said there are reports and testimony many, especially from the delegation accompanying Prime Minister Nuri al-Maliki indicate suspicion of corruption in the arms deal Russian, referring to " send a book from the Commission to the office of Prime Minister Nuri al-Maliki requesting suspension deal armament Russian and that the book arrived at the Prime Minister and he would deal positively with him "
Araji said that "the majority of the characters involved in this transaction close to the Prime Minister's Office."
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Contact Us
Dinar Recaps
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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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� Copyright DRT Distribution, LLC All Rights Reserved DISCLAIMER: We do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted or otherwise contained on Dinarrecaps.com or any Dinar Recaps Twitter account or Dinar Recaps email or newsletter or post or any related or affiliated website or Twitter account (collectively, the "Website"). We do not endorse any opinions expressed on the Website. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. This site is merely for informational-entertainment purposes. It is not the purpose or intention of this site to influence any person to purchase or sell Iraqi Dinars or any other currency. Do not buy, sell, trade or hold any Iraqi Dinars or any stocks, bonds, other currencies, or commodities based upon any postings or messages on the Website or referenced on the Website. You should seek and rely on the advice of licensed and registered financial, legal and tax advisors of your choice. The owners or operators of the Website shall be all be held harmless for any/all information posted on this site and Twitter account(s) and email newsletter(s). Any and all information contained herein shall be construed as "Rumor." The owners and operators of the Website site shall not be held responsible for any information contained hereon including information provided by others.
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