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6pm, October 5th, 2012  

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Our Blog Posts
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
The below posts were in our 10am email
Intel4u Member Morning Chat
Winalot & MIG Members Chat
Bulldog & OOM & Friends Chat - Post By
BWM in Chat at 3S's Thursday evening
Med Chat - Post By Ksdunlap Dinar Speculator
The posts shaded in green are on our Iraqi News page
The below posts were in our 10pm email
What Is "Too Long" ? - Post By EddieMoney Dinarian Chat
Bluwolf and I4U Members Chat Thursday Evening
Precious posted at MIG Blaino's Words of Wisdom Thursday evening
Doc & Sam Share Perspectives - Post By Leo GET Forum
Med Chat - Post By GLK Dinar Speculator
Winalot / BWM / SWFloridaGuy & MIG Members Chat
The posts shaded in green are on our Iraqi News page
© Copyright DRT Distribution, LLC All Rights Reserved


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. 



The below posts were in our 10am email
Oct 5 8:07 AM [redhead1] Good Morning Everyone - checked all the sites this morning and really did not see very much - seems all sources have either proven to be incorrect, bogus or dried up. Guess the gurus are scrambling to give information today. da58 - has that information been verified on the dinar rate to the dolla

Oct 5 8:08 AM [spades] redhead1 on currency newshound . short article about the rate . same thing as yesterday though .

Oct 5 8:08 AM [da58] redhead1 it's just an article - that seems to be a follow up on yesterdays - waiting for forex to something to change, and it would seem it will. Andd for the darn banks to open to see what they say on rates as well

Oct 5 8:09 AM [da58] xyz I want out of drama class.. lol

Oct 5 8:09 AM [redhead1] da58 - my bank opens very early - 7am on Friday - give me a few minutes and I will call and see if I can get through to them - they do foreign exchange and the manager has dinar...be back soon

Oct 5 8:11 AM [kenbo] good morning friends.. I think 1 this finally pops in my bank account is full I'm taking a month off from everything

Oct 5 8:11 AM [da58] dinar trade took VND off their site late last night
...


7:07 AM [eleanor] winalot winalot How much champayne does one add to coffee this early in the morning?

7:08 AM [winalot] eleanor u have that backwards... how much coffee to add to champaign...NONE!

7:08 AM [winalot] i wonder how the naysayers are gonna combat this article

7:10 AM [da58] eleanor sally - get your plan in order - remember???       

7:17 AM [BIGREDDOG] where did everybody go?
7:17 AM [winalot] bigreddog here!
7:18 AM [winalot] bigreddog maybe they are reading?

7:18 AM [BIGREDDOG] winalot okay dont leave me
7:18 AM [winalot] BIGREDDOG not going anywhere

7:19 AM [winalot] also... did u guys see that dinar trade took the VND off of hteir site?
...


Bulldog75 10/4/12 Late Thursday Night
New post  SpiritualWarrior Today at 1:14 am

[Bulldog75] REMEMBER : IF ONE HAS THE FAITH AND BELIEVES, ...MOUNTAINS CAN BE MOVED. MANY EVENTS THROUGHOUT HISTORY HAVE SHOWN THAT THE BEST DOES NOT COME EASY OR QUICK. ONLY TIME WILL TELL, BUT THE TIME IS NYE. AND GOD WILL DECIDE THIS.

[Bulldog75] MAY YOUR LIGHT SHINE FOREVER; FOR THE ONLY REAL THING IN THE UNIVERSE THAT NEVER CHANGES.........IS YOUR SPIRIT.

[Bulldog75] ONE CAN ASK THE : WHO, WHAT, WHEN, WHERE, WHY AND HOWS . THOUGH AT THIS POINT, WE SIMPLY KNOW THAT GOD'S CHOSEN CHILDREN ( OF WHICH EACH OF YOU ARE) WILL BE BLESSED SHORTLY IN TIME. KNOW THIS.
...


[BWM] sorry would have been here sooner... but they have been doing roadwork and installed a new bump in the road.. I think (according to Al Gore) the altitude affected me...

[mamari4] BWM what the hay is going on in dinarland... recaps is just crrazy .... BWM what say you?

 [BWM] as of this time...M] mamari4 I'd say they need to bust the straightjackets out...

[BW[BWM] let's recap the day (as always, my opinion and sources)

[BWM] 1. no in country rv as of 1 hour ago...

 [BWM] 2. no you cannot cash out at 5/3rd bank

[BWM] 3. the rate will not (think where you live) be 1.18 here...
,,


    Med (20:27:05):    OK TO BUSINESS    I WAS PAYING ATTENTION TO ONE ARTICLE TODAY    ONLY ONE    IT WAS TITLES CENTRAL BANK RULES OUT DRAFT ACTION    ON DELETING THE ZERO'S    OK    FIRST OFF

    FIRST INACCURATE STATEMENT    THE APRIL ISSUE OF THE CABINET STOPPING IT   THAT AS WE KNOW IS NOT TRUE    THEY TRIED    THEN PARLIAMENT STEPPED IN    AND SAID THEY HAD NO RIGHT TO DO SO    AND THAT THE DECISION TO RV    WAS ON CBI

    AND THAT CBI WAS WORKING WITH THE PARLIAMENTARY FINANCE    TO COORDINATE IT    NOW ALSO GUARDIAN   REFERED BACK TO THE JULY 4TH POST    WHERE IT WAS OFFICIAL    THEY WERE DELETING THE ZERO'S

    A COUPLE THINGS BEFORE I GET TO THE ACTUAL MAIN COURSE HERE    THIS ARTICLE AND MANY OTHERS    THAT HAVE COME OUT AS OF LATE    ARE TO ME PIECE MEAL    THEY ARE NOT OFFICIAL INTERVIEWS    THAT WERE JUST DONE    THEY DONT EVEN FOLLOW A LEGITIMATE PATTERN    IN JOURNALISM

    NOW TO THE REAL PIECE OF THIS ARTICLE    THAT TELLS IT ALL
...


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

 

Petraeus: Soleimani evil mastermind of the chaos in Iraq
10/05/2012 10:54 AM

Babinaoz - agencies: Detection Michael Gordon, a political analyst in the New York Times reported that General Qassem Soleimani, commander of Iran's Qods Force, still haunts the United States, Iran being the mastermind of the chaos in Iraq.

Gordon and depending on what motivated by information in the course of authoring his book "The End of the game: the story secret of the struggle for Iraq from George W. Bush and even the Obama administration," written in collaboration Maaganral retired Bernard Bryantor, recounted many of the subtleties of the role Soleimani in Iraq and the region, which did not reveal previously.

When he traveled a senior Iraqi intelligence official to Tehran in the summer of 2007 to meet with the Iranian leadership, soon discovered who is responsible for Iran's policy towards its neighbor to the west. It was not official, this is Iranian President Mahmoud Ahmadinejad, but he was a militia commander Quds paramilitary mysterious, Qassem Soleimani, who explained calmly that "the sole authority of the movements of Iran in Iraq," according to a novel Iraqi official transferred to U.S. officials later in Baghdad .

 

Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability
Friday 5 October 2012

Follow-up - and babysit : economic expert attributed 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: 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 the currency in banks previously when dollar exchange rate rose 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.

 

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."

 

National Alliance reveals a meeting between the blocs to resolve the final position of the Code of infrastructure
Friday, October 05, 2012 08:28

Twilight News : revealed mass virtue internalized in the National Alliance, Friday, convening a meeting between the parliamentary blocs next week to resolve the positions of the infrastructure bill, emphasizing the inclusion of all the blocks on the reviews mentioned law.

The head of the bloc Virtue parliamentary Ammar Tohme said in an interview for " Twilight News "that" there is a committee was formed to take notes parliamentary blocs on the bill infrastructure and included in it, "noting that" the Committee ended its work to include all the notes on that project. "

Tohme said that "next week will see a meeting of the parliamentary blocs to resolve the position of the bill law infrastructure", pointing to the existence of indicators of positive reaction from the blocks to approve the draft law. "

 

Source: two banks Two for one person Isthoman the largest amount of currency auction at the Central Bank
10/04/2012 14:29:16

BAGHDAD (Iba) : Source revealed acquisitions bankers of the Iraqi private banks to the largest amount of foreign exchange sold in the daily currency auction held by the Central Bank of Iraq.

The source, who works in the banking sector declined to be named, said banker United Investment and the Iraqi Islamic owns one person is Iraqi businessman resident in the Jordanian capital Amman (P. D) Isthoman the largest amount of the amount of money that is sold at auction the central bank and a daily.

The source questioned in the presence of collusion between gangs in the Central Bank and the management of the two banks that enable them to enter the auction and they get a large amount of money, although they were returning to one person.

 

Deputy State law calls for political blocs to vote on the law infrastructure of the utmost importance for
10/05/2012 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 Ministry of Planning reveal that the budget for next year will amount to 132 trillion dinars
Friday, 05 October 2012 09:45

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."

 

Minister of Municipalities exchange confirms 80% of the overall budget of the ministry until the end of last September
Friday, 05 October 2012 08:43

BAGHDAD / obelisk: Minister of Municipalities and Public Works Adel said Friday that his ministry spent 80% of the 2012 budget until the end of last September, while noting that it will refer the ten decades of giant projects in different parts of Iraq.

Said  for "obelisk", that " the exchange rate of the budget of the ministry of 80% until the end of the month of September, "pointing out that" the Contracts Committee in the ministry is working to refer ten contracts giant infrastructure in the cities of Basra and Kirkuk, Mosul and Ramadi, Nasiriyah and victory Shatra. "

 

Economist: you must apply three zeros deleted project citizen service and local currency
2012-10-05 15: 42: 39 Friday

Baghdad (newsletter) : 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.


The below posts were in our 10pm email
5:43 PM EDDIEMONEY: The 2004 budget prepared by the Ministry of Finance and the Ministry of Planning does not rely on debt issuance or the CBI's printing presses4. But the budget is highly sensitive to the dinar exchange rate. The 2004 budget is prepared on the assumption that the dinar exchange rate will be 1500 to the dollar
 
5:45 PM EDDIEMONEY: This is an extremely important assumption because most of the government's revenues are in dollars, and most expenditures are in dinars. If the dinar continues to appreciate against the dollar - as it has in recent months due to returning demand for the dinar and the resulting sales of dollars for dinars - the budget balance will deteriorate.
 
5:46 PM EDDIEMONEY: The only hedging instrument available to the government is central bank management of the exchange rate. Not only does this budget issue create a conflict for the central bank, it also makes a mockery of the reasons used to justify a floating exchange rate

6:52 PM EDDIEMONEY: The development process will take time, they say, but no one has any idea how much time, nor is time viewed as a cost. Therefore, how will anyone know when the process is taking too long?

[bluwolf] BUENAS NOCHES;; I HAVE COME IN TONIGHT TO GIVE THANKS TO ALL FOR YOUR PRAYERS DEDICATED TOWARDS MY DAUGHTER ZAE,, I ALSO WANT TO THANK PASTORED AND THE REST OF THE FOLKS THAT IN A CONFERENCE CALL ALSO PRAYED FOR MY BABY.. LIKE I SAID MY CHILD HAD A TUMOR IN HER THROAT,THEY DID A BIOPCY AND WE WERE WAITING FOR THE RESULTS.. WELL I WISH TO INFORM THAT ALL CAME BACK NEGATIVE AND THE BEST PART IS THAT THE DOCTOR AFTER TAKEING ANOTHER XRAY YESTERDAY CAME BACK AND STATED THE FOLLOWING THIS IS A MIRICLE IT IS UNEXPLAINABLE,THERE ISN'T ANYTHING THERE,,WHERE DID IT GO,, I AM A BELIEVER THERE IS A GOD..

[pappyy] bluwolf Praise God!! He is good!!!

[puppylove] bluwolf Good Evening, great news!!

 [Jester] bluwolf woo hoo! wonderful news!

[bluwolf] THE GLORY IS TO MY GOD,,AMEN

spades] bluwolf no only if he could just do this rv thing for us . lol I am glad to hear that she is going to be fine

[wheezer2] bluwolf.....was there an in country RV? are the smart cards activated
....


[Precious] target: Blaino will post Wisdom .....Words of Wisdom... As of yesterday, we've heard reports coming in on the news networks that the Iranian Rial had dropped 40% causing riots in the streets due to government mismanagement and tightening of sactions by the US.

 We now are getting releases from the CBI stating that the dinar stands at 1.18 USD per Dinar. This again being due to a manipulation of the auctions of the buying and selling of the Dinar to strengthen it and back it by the US Dollar. I still believe that the rate of $1.30 that came out a few weeks ago was a solid and accurate report that was not supposed to go public just yet, because we only heard a few days ago that it was at 1:1 against the dollar, now you hear about 1.18 rate as of this morning, so you see this is something that is realistically viable to change in such a short time to be able to climb 18 cents in a matter of a few days.
,,....


10-4-2012 Newshound Guru Doc   We are seeing more and more articles talking about a "float" for the currency.  We stated in the past we believe this to be a real scenario. 

It would allow the CBI and Iraq the best economic position.  The float would increase the value based on supply/demand and we speculate the CBI would make a ton of money on buy/sell transactions.

 It would also allow the market to determine the value based on Iraq's fundamental economics and not politics like under Saddam.  We would also speculate the CBI would support the dinar at some minimum levels.  If the float is reality it pretty well discredits the rumors of a high ($3+) initial or RV rate. We report, you decide.
...


 Captain Terry says to (08:40:54): Med - What effect do you think Iran has on the RV

    Med says to (08:41:01):    NONE

    Captain Terry says to (08:41:21):    Hummmm!!! Even if they get "nuked?"

    Med says to (08:41:44):    THERE IS NO CHANCE OF BEING NUKED   IRAN RIGHT NOW    IS IN TURMOIL    AND IT WILL GET WORSE    THEY HAD RIOTS LAST NIGHT

    Captain Terry says to (08:42:20):    O.K. how about being bombed to get rid of the possibility of acquiring the possibility of a ....

    Med says to (08:42:20):    WITH THE DEMISE OF THE CURRENCY   THERE IS NO CHANCE RIGHT NOW OF THAT HAPPENING    NETANYAHU    STATED THAT THEY WONT HAVE A CHANCE OF ANY THREAT UNTIL 2014 OR 2015    AND THAT IF THAT HAPPENED    THEY WOULD NOT MOVE UNTIL IT WAS CLOSER TO THAT

    IT WOULD BE EVEN A BIGGER SET BACK FOR THEM    AND I AM GOING TO SAY THIS OK    NOTHING    UNLESS IRAN INVADES IRAQ    ONE THING WITH IRAN   THEY OVER THREW THE SHAH    BECAUSE OF HIS BRUTAL HANDLING OF THE PEOPLE    THEN THE AYATOLLAH CAME    AND BRUTAL WAS COMMONPLACE

    NOW THE YOUNG ARE RESTLESS AGAIN    AND ARE NOT HAPPY IN THE ISOLATION THEY ARE IN    IT WILL NOT TAKE MUCH MORE
...
4:57 PM [Precious] looks like they may move the elections up and isn't Maliki's term up in Nov?

4:57 PM [BWM] Good Afternoon MIG...
4:58 PM [winalot] BWM good afternoon'
4:58 PM [BWM] Precious not for a couple years
4:58 PM [LUIGI] BWM ...HEY
4:58 PM [Bigdog55] winalot sorry had typed before it appeared thank you

4:58 PM [Precious] http://www.altahreernews ��� nder.jpg Published 04/10/2012 10:30 AM t Shabandar achieve preliminary agreement between political leaders on the fifteenth of this month as the date for the holding of the National Conference, after President Talabani completed his contacts with all the parties. W.... All parties participating in the government sticking to their positions, with the disruption intended for the legislative role of Parliament, we see that the dissolved and the formation of a political majority government then holding early elections is the only way to overcome the political crisis that erupted due to the adoption of what is known as consensual government. "

4:58 PM [BWM] winalot so... any luck with 5/3rd yet...

4:58 PM [winalot] BWM awaiting their return call
...


The below posts shaded in green
are on our Iraqi News page
Maliki confirmed Iraq's desire to strengthen ties with Iran
Thursday, October 4, 2012 18:47

Prime Minister Nuri al-Maliki on Wednesday that Iraq was keen to strengthen its relations with Iran, and stressed during his meeting with Iranian Defense Minister Ahmad Vahidi on the need for bilateral cooperation with Tehran "to establish security and stability in the region and the fight against terrorism."

According to a statement issued by the prime minister al-Maliki said during a meeting with Vahidi that "Iraq is seeking to have good relations with all countries, particularly the Islamic Republic of Iran."

The Prime Minister emphasized that "what the region is witnessing requires more understanding and coordination including protecting their countries of challenges faced."

 

Najafi and UN's Kobler discuss Iraqi-Kuwaiti relations and possibility of CH VII withdrawal
Thursday, October 04, 2012 15:40

Discuss House Speaker Osama Najafi and the UN representative, Martin Kobler Kirkuk governorate elections, human rights and women.

A statement by the Office of Najafi received and all of Iraq [where] a copy of it today that "the two sides discussed 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 sharing Iirorh and fair distribution, in addition to relations Iraq and Kuwait and the possibility of withdrawal of Iraq from Chapter VII. "

 

CBI's Saleh underlines the need to clarify the state of the concept of economic liberalism
October 4, 2012

The Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh that "it is necessary to clarify the state concept of economic liberalism and whether commensurate with what Iraq is going through."

He said in a press statement today said: "It is to be clarified economic liberalism by the state of the central bank with respect to transfer foreign currency abroad, where sources should be checked dinar and whether it came from money laundering operations in crime and terrorism."

He pointed out "that the central bank is witnessing campaign of accusations and suspicions of involvement with corruption on daily currency auction sale and the occurrence of money laundering."

 

Iraq and UN's Kobler discuss elections, cooperation with UNHCR, HCL, CH VII issues
2012-10-04 14: 40: 26 Thursday

Baghdad (newsletter) : Search House speaker Osama Iraq with United Nations representative in Iraq, Martin Kobler, upcoming elections and possible cooperation with the independent Commission.

The Presidency statement said Deputies received (News Agency news) on Thursday, the two sides discussed several themes including elections and the possibility of cooperation with the independent Commission for delivery and other related laws as Kirkuk elections law and the importance of the oil and gas law and wealth-sharing and equitable distribution, in addition to Iraqi-Kuwaiti relations and the possible departure of Iraq from Chapter VII.

It added: the internationalist party discussed the importance of regulatory issues related to the work of the High Commissioner for human rights recently created the role of women and in other bodies and the need for effective role students awarded President's personal intervention to resolve this issue.

http://bit.ly/SJnhPP

 

CBI: "IRAQI DINAR'S PRICE RECOVERS AGAINST US DOLLAR"
October 4 2012

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."

 

Iraq, Kurds May Reach Draft Oil Law Pact Soon
October 4 2012

BAGHDAD: The federal government in Baghdad and the semi-autonomous region of Kurdistan in northern Iraq could soon reach an agreement on a new draft hydrocarbon law that would help resolve an impasse over who should control oil resources, Iraq's oil minister said Thursday.

Disputes between the federal government in Baghdad and the Kurdistan Regional Government in Erbil have prevented agreement on a draft federal oil and gas law for more than five years.

The law is important for settling a dispute between Baghdad and the regional government in Kurdistan, as the Iraqi government doesn't recognize many deals signed by the Kurds with foreign companies. It wants to review these deals and bring them in line with oil laws valid in Baghdad.

 

Maliki meets President and members of the Board of Commissioners in the election commission
October 4 2012

met with Mr. Prime Minister Nuri al-Maliki in the morning on Thursday, 04/10/2012, members of the Board of Commissioners in the Independent Higher Commission for Elections, headed Mr. Serbst Mustafa Chairman of the Board and the membership of both the head of the electoral administration, Mr. Mekdad Sharifi and gentlemen members of the council on the occasion of Tsenmanm office in the administration of the Board of Commissioners at its new He stressed during the meeting to support the Presidency Ministers to the Electoral Commission for the purpose of removing all obstacles that may hinder the conduct of electoral processes ahead. this and Mr. Safaa al-Moussawi spokesman Electoral Commission Ptbages parties on the procedures and preparations ongoing to hold provincial elections early next year. Department of the Foreign Media Department of Mass Communication Independent Higher Commission for Elections

http://www.sotaliraq.com/mobile-news.php?id=73276#axzz284Q5W1ot

 

Iraq is about to cut economic ties with Turkey and compensation for Greece and Korea site Iraq Law
October 4 2012

A source close to the prime minister's office for important decisions will be announced soon, pointing out that it probably will cut commercial ties with Turkey.

He added that the prime minister was issuing a decision prevents the Turkish companies from human investment in Iraq and carry them to liquidate their positions locally within a specified period, adding that the decision would prohibit the introduction of any goods from Turkey to the country, noting that the decision is part of a policy to deal the government with Turkey to respond to the excesses and inciting sectarian against Iraqis.

 

State law: September 15 date for a national conference
October 4 2012

Baghdad / term : revealed a member of the coalition, "the rule of law," MP Izzat Shabandar achieve preliminary agreement between political leaders on the fifteenth of the month deadline for the National Conference, after President Talabani completed his contacts with all the parties.

While conflicting views on the possibility of the success of the conference in the settlement of the dispute between the parties participating in the government, board Vice State of Law coalition led by Prime Minister Nuri al-Maliki to dissolve parliament and hold early legislative elections

 

Maliki looking at Putin unless it gets from Obama
October 4 2012

Baghdad / term : begins Prime Minister Nuri al-Maliki Monday, accompanied by five ministers visit to Russia for a three-day, where he will discuss with President Vladimir Putin arming the Iraqi army worth five billion dollars and exploitation of oil in addition to the Syrian crisis and its repercussions on the region.

He said government spokesman Ali al-Dabbagh said in a statement received (range) a copy of it yesterday: Prime Minister Nuri al-Maliki will visit this at the invitation of Russian President Putin, where delegation is headed politically, militarily and economically, and a large number of Iraqi businessmen to develop political and military relations and economic ties between two countries and strengthened to serve the interests of the Iraqi people and the Russian Federation.

explained: that the three important files will top talks Maliki with Russian officials this month Tterczaaly discuss the development of political relations, economic and military, describing the visit task.



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