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Check it out!!!!!!!!!!!Originally Posted by Adster
Iraq Oil, Gas, Petrochemical & Electricity Summit
28-30 May 2007, Dubai, UAE Explaining Iraq's New Hydrocarbon Law>>>In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas, Petrochemical & Electricity Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.
^click on image to view larger map^ Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.
The key decision makers from the Iraqi Government will be participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.
This Summit represents an unmissable opportunity to sit face-to-face with the key ministerial decision makers all under one roof at the same time. They will include:
Ministry of OilState operating companies: Oil Projects Company, Oil Exploration Company, North Oil Company, South Oil Company, Pipelines Company, North Midland & South Refining Companies, North & South Gas Companies, Iraq Drilling Co.
Ministry of Industry & Minerals
State Company for Petrochemicals
Ministry of Electricity
Iraq Energy Council
Prime Ministers Office
Investment Promotion Agency
Kurdistan Regional Government
Ministry for Natural Resources, Office of the President
Government representation will include the Ministers, Deputy Ministers and Director Generals.
Each Ministry will also be represented by the respective head of the Iraq Reconstruction Management Office (IRMO).
Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.
Key Content
Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.
Oil & Gas
• Full details of new hydrocarbon laws
• Announcement of most up-to-date geological and seismic studies
• Special announcement on Iraqi gas reserves and concession opportunities
• Drilling and exploration rights
• Refineries, oil depots, pipelines and storage tanks
• Crude oil marketing to the international community
• Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
• Management of the 29 central and southern oil fields
• Oil refinery operations and new contract and investment opportunities
• Pumping stations and pipeline distribution
• Technological innovations for the future of Iraq’s hydrocarbon industry
Petrochemicals
• Refinery and petrochemical integration
• Feedstocks flexibility and availability for petrochemical production
• New world scale petrochemical project
• Petrochemical complex #1 Basra
• Petrochemical complex #2 (refinery-integrated) Mussayab
• South Fertiliser – Basra
• North Fertiliser – Baji
• Sawary Resins Company – Baghdad
Electricity
• Refinery and electricity integration
• Petrochemical and electricity integration
• Annual protective maintenance for generation units
• Investment in new power production facilities
• Rehabilitation of older generation units
• Stability of the power and transmission systems
• Construction of new transforming stations and power lines
Special Security Briefing
Iraq’s oil and electricity security is of paramount importance to its political and economic stability, with huge resources in place to ensure that these most vital industries are protected to the highest possible standards.
Insurgent and terrorist attacks are a daily threat to oil pipelines, refineries, petrochemical and fertiliser plants, oil tankers, storage facilities, electricity generation plants, transforming units and power lines.
The Iraq Oil, Gas, Petrochemical & Electricity Summit will run a parallel briefing led by the security heads for the oil, petrochemical and electricity sectors. This will enable private security companies and defence contractors along with suppliers to present the best in breed products and services to these key decision makers.
adster,
Check it out !!!!Originally Posted by Adster
Iraq Oil, Gas, Petrochemical & Electricity Summit
28-30 May 2007, Dubai, UAE Explaining Iraq's New Hydrocarbon Law>>>In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas, Petrochemical & Electricity Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.
^click on image to view larger map^ Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.
The key decision makers from the Iraqi Government will be participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.
This Summit represents an unmissable opportunity to sit face-to-face with the key ministerial decision makers all under one roof at the same time. They will include:
Ministry of OilState operating companies: Oil Projects Company, Oil Exploration Company, North Oil Company, South Oil Company, Pipelines Company, North Midland & South Refining Companies, North & South Gas Companies, Iraq Drilling Co.
Ministry of Industry & Minerals
State Company for Petrochemicals
Ministry of Electricity
Iraq Energy Council
Prime Ministers Office
Investment Promotion Agency
Kurdistan Regional Government
Ministry for Natural Resources, Office of the President
Government representation will include the Ministers, Deputy Ministers and Director Generals.
Each Ministry will also be represented by the respective head of the Iraq Reconstruction Management Office (IRMO).
Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.
Key Content
Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.
Oil & Gas
• Full details of new hydrocarbon laws
• Announcement of most up-to-date geological and seismic studies
• Special announcement on Iraqi gas reserves and concession opportunities
• Drilling and exploration rights
• Refineries, oil depots, pipelines and storage tanks
• Crude oil marketing to the international community
• Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
• Management of the 29 central and southern oil fields
• Oil refinery operations and new contract and investment opportunities
• Pumping stations and pipeline distribution
• Technological innovations for the future of Iraq’s hydrocarbon industry
Petrochemicals
• Refinery and petrochemical integration
• Feedstocks flexibility and availability for petrochemical production
• New world scale petrochemical project
• Petrochemical complex #1 Basra
• Petrochemical complex #2 (refinery-integrated) Mussayab
• South Fertiliser – Basra
• North Fertiliser – Baji
• Sawary Resins Company – Baghdad
Electricity
• Refinery and electricity integration
• Petrochemical and electricity integration
• Annual protective maintenance for generation units
• Investment in new power production facilities
• Rehabilitation of older generation units
• Stability of the power and transmission systems
• Construction of new transforming stations and power lines
Special Security Briefing
Iraq’s oil and electricity security is of paramount importance to its political and economic stability, with huge resources in place to ensure that these most vital industries are protected to the highest possible standards.
Insurgent and terrorist attacks are a daily threat to oil pipelines, refineries, petrochemical and fertiliser plants, oil tankers, storage facilities, electricity generation plants, transforming units and power lines.
The Iraq Oil, Gas, Petrochemical & Electricity Summit will run a parallel briefing led by the security heads for the oil, petrochemical and electricity sectors. This will enable private security companies and defence contractors along with suppliers to present the best in breed products and services to these key decision makers.
adster,!!!!!!!!!
Dong Derivatives May Double; Investors Enter Vietnam (Update3)
By Ron Harui and Oliver Biggadike
April 23 (Bloomberg) -- Vietnam's currency is starting to capture the attention of derivatives traders as Southeast Asia's fastest-growing economy accelerates.
DBS Group Holdings Ltd. and Australia & New Zealand Banking Group Ltd. have begun offshore trading in contracts tied to the future value of the currency, the dong. The $50 million of Vietnamese contracts that trade monthly may double in a year, Standard Chartered Plc estimates. More than $1 billion of Chinese yuan forwards change hands daily in an overseas market that didn't exist 15 years ago, according to HSBC Holdings Plc.
Prime Minister Nguyen Tan Dung this year loosened currency controls and announced plans to increase sales of state-owned assets. The new currency market gives investors more opportunities to bet on an economy that expanded at a 7.7 percent annual rate in the first quarter and may grow 8.3 percent this year, according to the Asian Development Bank.
``You can't imagine the amount of money going into Vietnam,'' said Peter Soh, head of foreign exchange in Singapore at DBS, Southeast Asia's biggest bank. ``Everyone thinks Vietnam will follow China's path. The dong must strengthen.''
Vietnam's benchmark stock index is up 24 percent so far in 2007, after gaining 145 percent in 2006, the world's best performance. The economy is the fastest among the six biggest in Southeast Asia.
Investors need derivatives to trade the currency because the government only allows them to buy dong for specific purposes, such as investing in stocks or building factories. The contracts are settled in dollars.
Opening Up
``It's very positive,'' and is in line with government goals of having the currency trade overseas, State Bank of Vietnam Deputy Governor Phung Khac Ke said in an interview in Hanoi. ``It shows international investors are more and more interested in Vietnam.''
The central bank's support coincides with Dung's plans to open the economy. Dung, 57, became prime minister in June and last week approved a $1 billion sale of government bonds, the largest ever. The Communist Party this year told three of the four biggest state banks to prepare for initial public offerings.
Vietnam this year ended a decade-long policy of ``managed devaluation'' that caused the dong to weaken 30 percent. The currency gained 0.7 percent between Nov. 22 and Feb. 21. It has since fallen 0.4 percent to 16,043 per dollar as regulators curbed borrowing for stock market investment.
Three-month non-deliverable forward contracts trade at 16,112.5 to the dollar, according to data compiled by Bloomberg. The prices take into account higher interest rates in Vietnam as well as the expectations among traders for dong movements.
`Testing the Water'
The central bank will ``keep the dong stable, in a flexible manner, so that it can help our exports,'' Phung said.
Traders may be ``turned off'' by the central bank's support for gradual depreciation, said Sean Callow, senior currency strategist in Singapore at Sydney-based Westpac Banking Corp. State controls may limit swings in the currency and opportunities to profit.
Investors are still ``testing the water'' in Vietnam, said Amy Auster, head of international economics at Melbourne-based ANZ Bank, which owns stakes in two Vietnamese banks.
Derivatives are financial instruments derived from stocks, bonds, loans, currencies and commodities, or linked to specific events like changes in the weather or interest rates.
Stronger Dong
Trading in the futures may increase once banks introduce a standardized contract for the dong by early June, DBS said in an e-mail. Between 15 and 20 banks in Singapore and five brokers may be interested in the market, DBS said. The central bank doubled the daily limit on dong moves against the dollar to 0.5 percent this year.
``Vietnam is the next market in Asia to look at,'' said Greg Clinton, global head of interest rate derivatives in Singapore at Standard Chartered, a London-based bank that makes two-thirds of its profit in Asia. ``It's booming but it has currency restrictions, and that gives rise to a non-deliverable market.''
Forwards are agreements to buy assets at a later specified date. A non-deliverable forward is typically settled in dollars and involves no physical exchange of other currencies.
Strategists at Standard Chartered and Paris-based BNP Paribas say the currency's retreat is an opportunity to buy. BNP Paribas predicts the currency will gain 1.5 percent by the end of the year to 15,800. Standard Chartered forecasts 15,900.
Foreign Investment
The value of specialized Vietnam equity funds has swelled to about $5 billion, according to John Shrimpton, co-founder of Ho Chi Minh City-based Dragon Capital, Vietnam's biggest fund manager, with $2 billion in assets.
Hanoi-based Bank for Foreign Trade of Vietnam, the second- largest lender, probably will go public this year and have a market value of about $3.5 billion, the biggest in the nation, said Kevin Snowball, a director of PXP Vietnam Asset Management Ltd. in Ho Chi Minh City. He called his valuation ``speculative.''
Pledges of foreign investment, which rose 49 percent to $10.2 billion last year, are gaining after Vietnam joined the World Trade Organization in January. Intel Corp. of Santa Clara, California, the world's biggest maker of computer chips, plans to spend $1 billion to build a plant in Vietnam. Osaka-based Matsushita Electric Industrial Co., the world's biggest consumer electronics maker, opened two factories in the nation this month.
Exports, Remittances
``It's looking like an enormous volume of investment is destined for the country,'' Shrimpton said. ``There are numbers being bandied around of even $30 billion of approved foreign direct investment being possible for this year.''
Rising exports and remittances by more than 3 million overseas Vietnamese will boost the currency, said Joseph Tan, a Singapore-based economist at Standard Chartered. Foreign exchange reserves climbed to $11.5 billion last year. The government predicts growth of 8.5 percent this year, up from 8.2 percent in 2006.
``Everything is arguing for a stronger currency,'' said Tan. ``It will prove very, very challenging for the central bank if they want to continue to maintain a depreciation.''
To contact the reporter on this story: Ron Harui in Singapore at rharui@bloomberg.net ; Oliver Biggadike in Singapore at obiggadike@bloomberg.net .
Last Updated: April 23, 2007 06:23 EDT
__________________
I beleive the rate just changed!!! Not much..Announcement No.(909)
D.G. of Foreign Exchange Control
The 909 daily currency auction was held in the Central Bank of Iraq day Monday 2007/4/ 23 so the results were as follows :
Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1270 -----
Auction price buying dinar / US $ 1268 -----
Amount sold at auction price (US $) 70.905.000 -----
Amount purchased at Auction price (US $) 2.000.000
Total offers for buying (US $) 70.905.000 -----
Total offers for selling (US $) 2.000.000 -----
I beleive the rate just changed!!! Not much..Announcement No.(909)
D.G. of Foreign Exchange Control
The 909 daily currency auction was held in the Central Bank of Iraq day Monday 2007/4/ 23 so the results were as follows :
Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1270 -----
Auction price buying dinar / US $ 1268 -----
Amount sold at auction price (US $) 70.905.000 -----
Amount purchased at Auction price (US $) 2.000.000
Total offers for buying (US $) 70.905.000 -----
Total offers for selling (US $) 2.000.000 -----
Sunday, April 22, 2007
--------------------------------------------------------------------------------
Number of banks 13 -----
Auction price selling dinar / US $ 1272 -----
Auction price buying dinar / US $ 1270 -----
Amount sold at auction price (US $) 55.895.000 -----
Amount purchased at Auction price (US $) 5.000.000
Total offers for buying (US $) 55.895.000 -----
Total offers for selling (US $) 5.000.000 -----
Gooooooooooooooood Morning Rolclub
"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"
8.7 Trillion taken out and still the Party has not started
1. "0" Dinar rate change today, it was 1272, it is now 1272
2. A (net) worth of dinars, IQD - 64,738,440,000 pulled out of circulation today 4/22/07.
3. 13 banks participating today
4. 127th auction since the beginning of CBI's reval plan
5. 204 days into the CBI's reval plan. (SIX MONTHS+)
6. 8,796,538,381,000 dinars pulled from circulation !!
6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 8,203,461,619,000
7. "6,350,000,000" Dinars back into circulation today
8. 205 dinar change since Oct 1st (baseline was 1477) 13.879% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).
9. 0 point reduction in the rate so far this week. Was at 1272 at the end of last week, 1272 so far this week.
10. 1 point drop in the month of April. Ended at 1273 in March, now stands at 1272
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
In March we saw a .546% drop in the rate.
__________________
http://www.controller.com/listings/f...73126A3BA06591
http://www.controller.com/listings/f...73126A3BA06591
Sunday, April 22, 2007
--------------------------------------------------------------------------------
Number of banks 13 -----
Auction price selling dinar / US $ 1272 -----
Auction price buying dinar / US $ 1270 -----
Amount sold at auction price (US $) 55.895.000 -----
Amount purchased at Auction price (US $) 5.000.000
Total offers for buying (US $) 55.895.000 -----
Total offers for selling (US $) 5.000.000 -----
Gooooooooooooooood Morning Rolclub
"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"
8.7 Trillion taken out and still the Party has not started
1. "0" Dinar rate change today, it was 1272, it is now 1272
2. A (net) worth of dinars, IQD - 64,738,440,000 pulled out of circulation today 4/22/07.
3. 13 banks participating today
4. 127th auction since the beginning of CBI's reval plan
5. 204 days into the CBI's reval plan. (SIX MONTHS+)
6. 8,796,538,381,000 dinars pulled from circulation !!
6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 8,203,461,619,000
7. "6,350,000,000" Dinars back into circulation today
8. 205 dinar change since Oct 1st (baseline was 1477) 13.879% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).
9. 0 point reduction in the rate so far this week. Was at 1272 at the end of last week, 1272 so far this week.
10. 1 point drop in the month of April. Ended at 1273 in March, now stands at 1272
In January we saw a 2.49% drop in the rate.
In February we saw a .928% drop in the rate.
In March we saw a .546% drop in the rate.
__________________
http://www.controller.com/listings/f...73126A3BA06591
http://www.controller.com/listings/f...73126A3BA06591
Iraq may hold twice as much oil
By Ed Crooks in London
Published: April 18 2007 20:24 | Last updated: April 18 2007 20:24
Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003.
The potential presence of a further 100bn barrels in the western desert highlights the opportunity for Iraq to be one of the world’s biggest oil suppliers, and its attractions for international oil companies – if the conflict in the country can be resolved.
If confirmed, it would raise Iraq from the world’s third largest source of oil reserves with 116bn barrels to second place, behind Saudi Arabia and overtaking Iran.
The study from IHS, a consultancy, also estimates that Iraq’s production could be increased from its current rate of less than 2m barrels a day to 4m b/d within five years, if international investment begins to flow.
That would put Iraq in the top five oil-producing countries in the world, at current rates.
The IHS study is based on data collected in Iraq both before and after the invasion, showing the oilfields’ reserves and production history.
Its estimate is based on analysis of geological surveys.
Production costs in Iraq are low, particularly compared to the more complex offshore developments.
IHS estimates that they are less than $2 a barrel.
But the development of the industry depends on an improvement in the security environment, which remains very difficult.
At least 170 people were killed on Wednesday in five co-ordinated car bomb attacks in Shia districts of Baghdad, the deadliest attacks the city has seen since US and Iraqi forces launched a joint security crackdown in February. The attacks came hours after Nouri al-Maliki, prime minister, claimed that Iraqi forces would be in a position to take over primary responsibility for security in all of Iraq’s 18 provinces by the end of the year.
Ron Mobed of IHS said: “Obviously the security situation is very bad, but when you look at the sub-surface opportunity, there isn’t anywhere else like this. Geologically, it’s right up there, a gold star opportunity.”
Of Iraq’s 78 oilfields identified as commercial by the government, only 27 are currently producing. A further 25 are not yet developed but close to production, and 26 are not yet developed and far from production.
Iraq’s government has estimated that it would need $20bn-$25bn of investment from foreign companies to get production up to its full potential.
Production methods have advanced greatly in the past two decades, and methods such as horizontal drilling have yet to be deployed in Iraq. The introduction of modern technology by foreign companies has the potential to deliver steep increases in oil recovery.
Almost all the leading international oil companies and many smaller ones have expressed an interest in working in Iraq.
So far the only new contracts for developments by foreign companies are the five signed by the Kurdistan regional government in the relatively peaceful north of Iraq.
Iraq’s cabinet plans to present its proposed oil law to parliament next week, following a meeting Wednesday of political leaders and experts in Dubai. But many of the key details have yet to be resolved.
Oil production in parts of the western desert region that are attached to Sunni Arab-majority provinces could help resolve some of the differences between Iraq’s sectarian political blocs.
The Sunni have until now been strongly hostile to the federalism espoused by most Kurds and some Shia, arguing that it would deprive their less well-resourced heartland in the centre of the country of resources.
FT.com / In depth - Iraq may hold twice as much oil
Iraq may hold twice as much oil
By Ed Crooks in London
Published: April 18 2007 20:24 | Last updated: April 18 2007 20:24
Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003.
The potential presence of a further 100bn barrels in the western desert highlights the opportunity for Iraq to be one of the world’s biggest oil suppliers, and its attractions for international oil companies – if the conflict in the country can be resolved.
If confirmed, it would raise Iraq from the world’s third largest source of oil reserves with 116bn barrels to second place, behind Saudi Arabia and overtaking Iran.
The study from IHS, a consultancy, also estimates that Iraq’s production could be increased from its current rate of less than 2m barrels a day to 4m b/d within five years, if international investment begins to flow.
That would put Iraq in the top five oil-producing countries in the world, at current rates.
The IHS study is based on data collected in Iraq both before and after the invasion, showing the oilfields’ reserves and production history.
Its estimate is based on analysis of geological surveys.
Production costs in Iraq are low, particularly compared to the more complex offshore developments.
IHS estimates that they are less than $2 a barrel.
But the development of the industry depends on an improvement in the security environment, which remains very difficult.
At least 170 people were killed on Wednesday in five co-ordinated car bomb attacks in Shia districts of Baghdad, the deadliest attacks the city has seen since US and Iraqi forces launched a joint security crackdown in February. The attacks came hours after Nouri al-Maliki, prime minister, claimed that Iraqi forces would be in a position to take over primary responsibility for security in all of Iraq’s 18 provinces by the end of the year.
Ron Mobed of IHS said: “Obviously the security situation is very bad, but when you look at the sub-surface opportunity, there isn’t anywhere else like this. Geologically, it’s right up there, a gold star opportunity.”
Of Iraq’s 78 oilfields identified as commercial by the government, only 27 are currently producing. A further 25 are not yet developed but close to production, and 26 are not yet developed and far from production.
Iraq’s government has estimated that it would need $20bn-$25bn of investment from foreign companies to get production up to its full potential.
Production methods have advanced greatly in the past two decades, and methods such as horizontal drilling have yet to be deployed in Iraq. The introduction of modern technology by foreign companies has the potential to deliver steep increases in oil recovery.
Almost all the leading international oil companies and many smaller ones have expressed an interest in working in Iraq.
So far the only new contracts for developments by foreign companies are the five signed by the Kurdistan regional government in the relatively peaceful north of Iraq.
Iraq’s cabinet plans to present its proposed oil law to parliament next week, following a meeting Wednesday of political leaders and experts in Dubai. But many of the key details have yet to be resolved.
Oil production in parts of the western desert region that are attached to Sunni Arab-majority provinces could help resolve some of the differences between Iraq’s sectarian political blocs.
The Sunni have until now been strongly hostile to the federalism espoused by most Kurds and some Shia, arguing that it would deprive their less well-resourced heartland in the centre of the country of resources.
FT.com / In depth - Iraq may hold twice as much oil
DUBAI (Reuters) -Iraqi cabinet will present an oil law to parliament next week that aims to lure billions of dollars in foreign investment, the country's oil minister said on Wednesday.
"It will be ready next week to be presented to parliament," Hussain al-Shahristani told reporters in Dubai in the United Arab Emirates.
He said that all political blocs in the Iraqi parliament had agreed to try to pass the law before the end of May.
About 60 Iraqi parliamentarians and experts began a meeting in the United Arab Emirates on Wednesday to discuss the war-torn country's oil law that will give its regions the right to negotiate with global firms on developing oilfields.
In February Iraq's cabinet endorsed the draft oil law, which is awaiting parliament's ratification, regulating how wealth from the country's vast oil reserves will be shared by its ethnic and sectarian groups.
The OPEC member has the world's third-largest proven oil reserves and needs billions of dollars to revive its oil sector, which is crucial for rebuilding its shattered economy. Loading...
Iraq plans to control whole nation by end 2007
--------------------------------------------------------------------------------
Iraq plans to control whole nation by end 2007: Maliki
Reuters
Wednesday, April 18, 2007; 5:33 AM
AMARA, Iraq (Reuters) - Iraq plans to take security control of all its provinces from foreign forces before the end of the year, Prime Minister Nuri al-Maliki said in a speech read out by a senior official on Wednesday.
Maliki is under growing pressure from powerful anti-American Shi'ite cleric Moqtada al-Sadr to set a timetable for the withdrawal of 146,000 U.S. troops from Iraq.
In a speech delivered on his behalf by National Security Adviser Mowaffaq al-Rubaie at a ceremony marking the handover of southern Maysan province from British forces to Iraqi control, Maliki said three provinces in the autonomous Kurdistan region would follow next.
"Maysan ... will be followed by the three Kurdistan provinces, a month from now," Maliki said.
"After that Kerbala and Wasit (provinces). Then it will be province by province until we achieve (this transfer) before the end of the year."
The transfer of Maysan means four of the country's 18 provinces are now under Iraq's security control.
Sadr withdrew six ministers from his political movement from Maliki's government on Monday to press his demand for a timetable for the pullout of American troops.
Maliki has repeatedly said U.S. troops would leave Iraq only when Iraqi forces were ready to take over security.
Iraq plans to control whole nation by end 2007: Maliki - washingtonpost.com
--------------------------------------------------------------------------------
Do I hear a cha ching?
Report: Iraq oil law nears final stage
BAGHDAD, Iraq - Iraq's hotly debated draft oil law is to be sent to parliament "within the coming few days if everything goes well," the Oil Ministry spokesman said on Wednesday.
"The draft is with the State Shura Council now to be put in a legal form after being written in technical language," Assem Jihad told The Associated Press in a phone interview. He gave no date for the bill's introduction.
"We are expecting to take no more than two months to discuss it inside the parliament ... between one and two months it depends on the parliament," Jihad added.
The Iraqi oil legislation, which was endorsed by the cabinet last February, will open the door for the government to sign contracts for exploration and production of the country's vast untapped reserves.
It was designed to create a fair distribution of oil profits to all Iraqis and it is perhaps the most important piece of legislation for Iraq's American patrons.
Passage of the law, thought to have been written with heavy U.S. involvement, is one of four benchmarks the Bush administration has set for Prime Minister Nouri al-Maliki's struggling government.
Iraq sits on 115 billion barrels proven oil reserves which make it the world's third-largest, but Iraq has lagged in exploration technology.
Iraq exports about 2 million barrels of oil a day of which about 1.6 million barrels are exported through the port of Basra and some 300,000 are being pumped from the northern city of Kirkuk to the Turkish port of Ceyhan.
Oil production has plummeted since the U.S.-led invasion in March 2003 as the oil pipelines have faced repeated insurgent sabotage, attacks on maintenance crews, alleged corruption, theft and mismanagement.
Report: Iraq oil law nears final stage
BAGHDAD, Iraq - Iraq's hotly debated draft oil law is to be sent to parliament "within the coming few days if everything goes well," the Oil Ministry spokesman said on Wednesday.
"The draft is with the State Shura Council now to be put in a legal form after being written in technical language," Assem Jihad told The Associated Press in a phone interview. He gave no date for the bill's introduction.
"We are expecting to take no more than two months to discuss it inside the parliament ... between one and two months it depends on the parliament," Jihad added.
The Iraqi oil legislation, which was endorsed by the cabinet last February, will open the door for the government to sign contracts for exploration and production of the country's vast untapped reserves.
It was designed to create a fair distribution of oil profits to all Iraqis and it is perhaps the most important piece of legislation for Iraq's American patrons.
Passage of the law, thought to have been written with heavy U.S. involvement, is one of four benchmarks the Bush administration has set for Prime Minister Nouri al-Maliki's struggling government.
Iraq sits on 115 billion barrels proven oil reserves which make it the world's third-largest, but Iraq has lagged in exploration technology.
Iraq exports about 2 million barrels of oil a day of which about 1.6 million barrels are exported through the port of Basra and some 300,000 are being pumped from the northern city of Kirkuk to the Turkish port of Ceyhan.
Oil production has plummeted since the U.S.-led invasion in March 2003 as the oil pipelines have faced repeated insurgent sabotage, attacks on maintenance crews, alleged corruption, theft and mismanagement.
Here is the follow up on the RUMOR.................................................................................. Ok to some it up....April 24th - End First Quarter Budget.
April 14th and 15th - was the meeting on the compact in Washington.
Tomorrow and the 18th - HCL Summit.
April 30th.......Hummm, I forgot....lol
May 3rd - This is the International Covenant Meeting for the Signing of the International Compact.
There are three ICI for those that dont know.
International Compact
International Covenant
International Conference
Got me confused too. lol
May 4th and 5th - Is the International Conference of the last Article posted for all Pledges from all countries to "HAVE TO COME THRU"!!!!
May 7th-10th - Expo
May 28th-30th -OIL, GAS, ELECTRIC, & PETRO CHEMICAL Summit.
Conclusion:
Ok that is it from me from my Freind and their contacts. Now according to them,. The RV will take place between the 25th and the 29th but before the May 3rd International Compact Signing. Guys I am ready for this to be over and Hope and Pray that this all makes sence as I am not the one that has all the contacts, I am just a messenger of a few very smart and connect people that again I pray that are on Target. If they share anymore with me, I will bring it. But with this all said, it should do it. Love and Peace to each and everyone. Good Night.
There you go, I just post them as I see them, we will just have to see if this unfolds??????Only time will tell!!!!!!!
Good Night All!!!! GO DINAR!!!!!
Here is the rest of the RUMOR.........and how do you like that, they provide links too.--------------------------------------------------------------------------------
Now these are the two Articles that my freind got clearence on, since they were already leaked. These are from the Treasury Department.
International Compact with Iraq to be Signed Next Month
April 9, 2007
2007-4-9-9-43-37-12562
The International Compact with Iraq, an initiative launched by the UN and Iraq to help Iraq realize its vision of a stable and prosperous nation underpinned by a self-sustaining economy, will be signed next month in Sharm el-Sheik, Egypt on May 3. "I commend the Iraqi authorities for their sustained commitment to the Compact. Iraq, together with the United Nations and the World Bank, has worked diligently since July 2006 to prepare the ambitious economic reform framework outlined in the Compact," said Dpty Sec Kimmitt, Presidential Special Envoy for the Compact. "The signing ceremony concludes several months of hard work and provides a concrete path of reform to financial self sufficiency."
http://www.ustreas.gov/press/release...9433712562.htm
Statement by Deputy Secretary Kimmitt on
the Announcement of the Signing of the
International Compact with Iraq
Washington--Treasury Deputy Secretary Robert M. Kimmitt issued the following statement today on the Government of Iraq and the United Nations' announcement that the International Compact with Iraq will be signed in Sharm el-Sheikh on May 3.
"I welcome and applaud this important step and look forward to attending the signing ceremony as a member of the U.S. Delegation headed by Secretary of State Condoleezza Rice. I commend the Iraqi authorities for their sustained commitment to the Compact. Iraq, together with the United Nations and the World Bank, has worked diligently since July 2006 to prepare the ambitious economic reform framework outlined in the Compact. The signing ceremony concludes several months of hard work and provides a concrete path of reform to financial self sufficiency. In exchange, the international community will provide continuing political and economic support to help Iraq achieve sustainable, broad-based economic growth. Iraq's leaders have already developed an impressive track record on economic reform under the Compact framework, including Cabinet approval of a hydrocarbons law, fuel import liberalization, and passage of a prudent, transparent and fully financed 2007 budget. The United States fully supports this initiative, as demonstrated by the President's recent request to Congress to approve additional funding for Iraq to help realize the objectives of the Compact."
The Compact is an initiative launched by the UN and Iraq to help Iraq realize its vision of a stable and prosperous nation underpinned by a self-sustaining economy. The Compact embodies commitments by Iraq on a plan to achieve economic self-sufficiency in return for international support. Iraq presented the final Compact documents to the international community at the UN on March 16, 2007. Deputy Secretary Kimmitt serves as the President's Special Envoy for the International Compact with Iraq.
http://www.treasury.gov/press/releases/hp342.htm
I was told that their is a Article here at RC somewhere that someone posted That Iraq has signed a piece of paper with the Letter of Intent to Reval. some where between the 9th and 13th and that a 30 day meet is on it. My freind say we need to find that one. I got to much to post to that right now. More to follow. To me the last bold red looks the same to me.
__________________.....so now we just and see, no big deal!!
Here is the rest of the RUMOR....and how do you like that, they provide links too.--------------------------------------------------------------------------------
Now these are the two Articles that my freind got clearence on, since they were already leaked. These are from the Treasury Department.
International Compact with Iraq to be Signed Next Month
April 9, 2007
2007-4-9-9-43-37-12562
The International Compact with Iraq, an initiative launched by the UN and Iraq to help Iraq realize its vision of a stable and prosperous nation underpinned by a self-sustaining economy, will be signed next month in Sharm el-Sheik, Egypt on May 3. "I commend the Iraqi authorities for their sustained commitment to the Compact. Iraq, together with the United Nations and the World Bank, has worked diligently since July 2006 to prepare the ambitious economic reform framework outlined in the Compact," said Dpty Sec Kimmitt, Presidential Special Envoy for the Compact. "The signing ceremony concludes several months of hard work and provides a concrete path of reform to financial self sufficiency."
http://www.ustreas.gov/press/release...9433712562.htm
Statement by Deputy Secretary Kimmitt on
the Announcement of the Signing of the
International Compact with Iraq
Washington--Treasury Deputy Secretary Robert M. Kimmitt issued the following statement today on the Government of Iraq and the United Nations' announcement that the International Compact with Iraq will be signed in Sharm el-Sheikh on May 3.
"I welcome and applaud this important step and look forward to attending the signing ceremony as a member of the U.S. Delegation headed by Secretary of State Condoleezza Rice. I commend the Iraqi authorities for their sustained commitment to the Compact. Iraq, together with the United Nations and the World Bank, has worked diligently since July 2006 to prepare the ambitious economic reform framework outlined in the Compact. The signing ceremony concludes several months of hard work and provides a concrete path of reform to financial self sufficiency. In exchange, the international community will provide continuing political and economic support to help Iraq achieve sustainable, broad-based economic growth. Iraq's leaders have already developed an impressive track record on economic reform under the Compact framework, including Cabinet approval of a hydrocarbons law, fuel import liberalization, and passage of a prudent, transparent and fully financed 2007 budget. The United States fully supports this initiative, as demonstrated by the President's recent request to Congress to approve additional funding for Iraq to help realize the objectives of the Compact."
The Compact is an initiative launched by the UN and Iraq to help Iraq realize its vision of a stable and prosperous nation underpinned by a self-sustaining economy. The Compact embodies commitments by Iraq on a plan to achieve economic self-sufficiency in return for international support. Iraq presented the final Compact documents to the international community at the UN on March 16, 2007. Deputy Secretary Kimmitt serves as the President's Special Envoy for the International Compact with Iraq.
http://www.treasury.gov/press/releases/hp342.htm
I was told that their is a Article here at RC somewhere that someone posted That Iraq has signed a piece of paper with the Letter of Intent to Reval. some where between the 9th and 13th and that a 30 day meet is on it. My freind say we need to find that one. I got to much to post to that right now. More to follow. To me the last bold red looks the same to me.
__________________.....
Absolutly, it's all rumor's until it actually happens, it's just nice to see this information come out, and if it really happens , well then there you go, you heard it first right here..sit back and enjoy the ride, me myself, I sure hope it happens!!!!Quote:
I am just passing on the info as I was told I could. Personally way back when, I use to say that I wouldn't be surprised to see it go way high. mainly over time.
Remember in the Old rate in 1980's the price of a barrel of Oil was just $10.00and the real rate was at $3.22 and that was before Sadams BS rate upto $3.84+ in the 90's. Now a barrel of Oil in modern time is over $60 a Barrel.
Now all that thought was before the education. Hummm, I guess we wait and see how educated we have gotten. But I said between $1 -75% of the real rate ($2.41).
Their are alot of Investors that believe this could happen. I have some that say, "If they are going to dedollarise the country, then there has to be faith in the dinar. And equal to the dollar, doesnt bring that faith. But double that plus, then you restore faith in the dinar value".
I usally dont post what I get told, but feel I have to now, I am tired of this ride. Ready for it to happen. I keep all the things inside to my self, as I am told I can and it drives me crazy. I just figure sooner are later some one else will. lol
We will see and hope for the best frathousemicrowave.
__________________
Hey, did your submit button get stuck, or are you just that HAPPY!!!!!!!LOL This is awesome!!!!
WHOA!!! NICE WORK!!! HERE WE GO PEOPLE, WE ALL KNEW THIS WAS GOING TO HAPPEN SOONER OR LATER... BUT BETTER SOONER!!!!!!!!!!!!!!!
I beleive it means, we are on to something really big concering the RV, I guess at around $2.41, is what I get out of it, guess we will just have to wait until around 10:00 until his friend gets home to confirm his email and see if the posts are the same ones or not??? Lets hope for the best!!! This is about to EXPLODE!!!!! GO DINAR!!!!!
Hope this is what ALL the waiting was for..............Originally Posted by tiffany
Which Forum? The 'darkside'? Because I can't find anything over there....Neno? Can you hear me? Because if you are 'bubblin' right now I'm going to be really ticked off! This is important stuff!
Yeah...I was. Listen my freind doesnt get in until another two hours. But I will give some info that they shared with me. Also I have been told that the article Adster posted after I stated about the article I am waiting on here, is posted at the other place by Lunar early today. I am not forsure if it is the same one that they are talking about yet. But could be, and if is all is Great. Anyhow here is some info I got and been sharing in PM's. I will just copy and paste here.
Originally Posted by neno
Actually I was kinda feeling let down of late. Then this morning a freind that I confine in sometimes that has been affiliated with the Governement for the last 30 years called me. She was sharing all the things we have know of the past. And then went into things about this past week-end with her contacts.
Lets see where I can start with you. Ok, first she stated to me that over the week-end she made contacts with her freinds in the Military, where and what classification, I have no ideal. But they allowed her to take a Article from the gov.com to her freinds at the US Treasury. Once they went over this Article the freind and his associates started screaming as she put it to me right there on the phone at the Department I pre-sumed.
She said that they said this is what they been waiting on to hear. That is when the 75% was brought back up to me. And yes that was $2.41 I can not post that on the forum, the membership would eat me alive. lol
We went into the Oil Summit for April the 17 -19. According to her sources, the HCL is done are will be before this. No HCL....NO Summit.
She also told me that I can post this Article on the forum since it has been leaked by our on Government. But I was at work when she called, and she will email it to me this evening on her arrival. But she did tell me somehow it made it to IIF, she was told. I dont know cause I can not get in there. Then Adster has posted this one here at RC. Dont know if they are one in the same, cause she said she ask for permission clearence to copy the one she was talking about. That was when they said it is ok, cause it has already been leaked. Will know more on that later.
Her people belive that the First Buget Quarter ending on the 24 of April it will go from there between the 29th, but before the May 3rd signing of the ICI. Said it has to before that definently.
XXXX I am not that educated on this, but I do listen and pick-up well. So I am leaning alot, since Mike just posted in the rumor section, from a buck to a two buck 41 before the 3rd of may. I hope this is it. Cause if it isn't, I will have to put them dinars on the self and just wait for some one to call me. Cause I can not keep watching this Boiling point as it just keeps getting Hotter and Hotter.
Anyways, that is where my mind set is.
Tommy/neno
Now this might not be the article. I want know until later. But looks good. Someone got it for me from there.
Chaired by Mr. Zubaidi Baqir Jabr, the Minister of Finance
(Voice of Iraq) - 16 - 04-2007
The name of God the Merciful
The Ministry of Finance
Media Bureau
Numbers :
History :
A press
بغـــــــــــــــــد اد
16/4/2007
Chaired by Mr. Zubaidi Baqir Jabr and Minister of Finance Iraqi delegation to attend a meeting of Governors of the World Bank held in Washington 0
The Minister of Finance, Mr. speech at the beginning of the meeting in which he thanked the International Monetary Fund for hosting the Iraqi delegation explaining the latest economic developments in Iraq, explaining the reasons for the failure to achieve rates of implementation of the budget for 2006, which amounted to the highest implementation rates for the ministries of 50% due to the security situation, which greatly impaired the companies Iraqi and foreign entry in the field or processing of contracts as well as the lack of flexibility and instructions to execute the contracts that were inherited from the former regime has released funds in the 2006 budget for the month of July of that same year, which means that the ministries did not take enough time to implement their budgets and the lack of expertise
The lack of middle echelon cadres are capable of implementing such projects led to the delay in implementation of the Economic Committee under the chairmanship of Deputy Prime Minister Barham Ahmed Salih take measures to accelerate the implementation of the budget and encourage units expenditure on implementation why funds launched soon to ratify the 2007 budget at the end of the second month and balancing Act 2007 in the text of Article 14 that the ministries will implement 25% of their budgets until July 2007 allocations will be transferred to other ministries capable of implementation have been held by the Ministry of Finance recently held for nine ministries attended the service and 80% of the cadre and the Ministry of Finance to discuss those ministries in the implementation of projects have surprised us by the Minister of Communications that he had carried out 90% of its budget for 2007 0
At the end of his speech, the Minister of Finance that the current year will be much better than the previous year's rate of implementation of the budget 0-1
The Finance Minister, Mr. extinguishing debt on the theme that there are Iraqi good signs from the Kingdom of Saudi Arabia to discuss the Iraqi debt extinguishment stressing that the ratio of debt reduction to 80% instead of 100% is the proportion of non-acceptable to the Iraqis because their debts and their words were for amounts in support of the war with Iran, which Saddam DISCORD point, a very important point for us and the Iraqi Allmwatuna 0
And Mr. Sinan Shabibi governor of the Central Bank of Iraq one of the members of the Iraqi delegation that there are good developments such as the inflation rate, which is currently 23%, stressing that there is disparity in the level of interaction with debts of Iraq and asked the Iraqi Central Bank governor says that the International Monetary Fund that the exemption of Iraq debt issue interest Fund and encourage and help Iraq and the IMF to complete their programs in Iraq 0
Mr. Khan and Chief of Staff of the International Monetary Fund the Fund optimism of good economic policy in Iraq and here that Iraq's record of achievements, stressing the need to reduce inflation and economic implementation of the budget and raise the rates, especially the implementation of the investment budget for the oil sector to increase production rates, he said, pointing out that next September will need to Iraq the Convention on the (SBA) from September 2007 to December 2008 in order to enjoy exemptions provided by the Paris Club and comes after the end of this Convention and the first implementation of the Convention Iraq each state 0
The IMF suggested that there be a meeting in Amman short end of this month and another meeting in mid-May to discuss Article IV of the Convention and the completion of the current program 0
He promised to the International Monetary Fund announced that the economic developments in Iraq in Sharm El-Sheikh meeting, where support Iraq's economic confident steps despite all the challenges facing Iraq and the economic policy is working smoothly with the fund, the World Bank has reported that 0
The meeting was attended by Mr. Sinan Shabibi governor of the Central Bank of Iraq and adviser to Mr. Vice President and Mr. Vice Governor of the Central Bank and advisor of the Office of the Deputy Prime Minister and senior officials from the International Monetary Fund
__________________
Hope this is what ALL the waiting was for..............Originally Posted by tiffany
Which Forum? The 'darkside'? Because I can't find anything over there....Neno? Can you hear me? Because if you are 'bubblin' right now I'm going to be really ticked off! This is important stuff!
Yeah...I was. Listen my freind doesnt get in until another two hours. But I will give some info that they shared with me. Also I have been told that the article Adster posted after I stated about the article I am waiting on here, is posted at the other place by Lunar early today. I am not forsure if it is the same one that they are talking about yet. But could be, and if is all is Great. Anyhow here is some info I got and been sharing in PM's. I will just copy and paste here.
Originally Posted by neno
Actually I was kinda feeling let down of late. Then this morning a freind that I confine in sometimes that has been affiliated with the Governement for the last 30 years called me. She was sharing all the things we have know of the past. And then went into things about this past week-end with her contacts.
Lets see where I can start with you. Ok, first she stated to me that over the week-end she made contacts with her freinds in the Military, where and what classification, I have no ideal. But they allowed her to take a Article from the gov.com to her freinds at the US Treasury. Once they went over this Article the freind and his associates started screaming as she put it to me right there on the phone at the Department I pre-sumed.
She said that they said this is what they been waiting on to hear. That is when the 75% was brought back up to me. And yes that was $2.41 I can not post that on the forum, the membership would eat me alive. lol
We went into the Oil Summit for April the 17 -19. According to her sources, the HCL is done are will be before this. No HCL....NO Summit.
She also told me that I can post this Article on the forum since it has been leaked by our on Government. But I was at work when she called, and she will email it to me this evening on her arrival. But she did tell me somehow it made it to IIF, she was told. I dont know cause I can not get in there. Then Adster has posted this one here at RC. Dont know if they are one in the same, cause she said she ask for permission clearence to copy the one she was talking about. That was when they said it is ok, cause it has already been leaked. Will know more on that later.
Her people belive that the First Buget Quarter ending on the 24 of April it will go from there between the 29th, but before the May 3rd signing of the ICI. Said it has to before that definently.
XXXX I am not that educated on this, but I do listen and pick-up well. So I am leaning alot, since Mike just posted in the rumor section, from a buck to a two buck 41 before the 3rd of may. I hope this is it. Cause if it isn't, I will have to put them dinars on the self and just wait for some one to call me. Cause I can not keep watching this Boiling point as it just keeps getting Hotter and Hotter.
Anyways, that is where my mind set is.
Tommy/neno
Now this might not be the article. I want know until later. But looks good. Someone got it for me from there.
Chaired by Mr. Zubaidi Baqir Jabr, the Minister of Finance
(Voice of Iraq) - 16 - 04-2007
The name of God the Merciful
The Ministry of Finance
Media Bureau
Numbers :
History :
A press
بغـــــــــــــــــد اد
16/4/2007
Chaired by Mr. Zubaidi Baqir Jabr and Minister of Finance Iraqi delegation to attend a meeting of Governors of the World Bank held in Washington 0
The Minister of Finance, Mr. speech at the beginning of the meeting in which he thanked the International Monetary Fund for hosting the Iraqi delegation explaining the latest economic developments in Iraq, explaining the reasons for the failure to achieve rates of implementation of the budget for 2006, which amounted to the highest implementation rates for the ministries of 50% due to the security situation, which greatly impaired the companies Iraqi and foreign entry in the field or processing of contracts as well as the lack of flexibility and instructions to execute the contracts that were inherited from the former regime has released funds in the 2006 budget for the month of July of that same year, which means that the ministries did not take enough time to implement their budgets and the lack of expertise
The lack of middle echelon cadres are capable of implementing such projects led to the delay in implementation of the Economic Committee under the chairmanship of Deputy Prime Minister Barham Ahmed Salih take measures to accelerate the implementation of the budget and encourage units expenditure on implementation why funds launched soon to ratify the 2007 budget at the end of the second month and balancing Act 2007 in the text of Article 14 that the ministries will implement 25% of their budgets until July 2007 allocations will be transferred to other ministries capable of implementation have been held by the Ministry of Finance recently held for nine ministries attended the service and 80% of the cadre and the Ministry of Finance to discuss those ministries in the implementation of projects have surprised us by the Minister of Communications that he had carried out 90% of its budget for 2007 0
At the end of his speech, the Minister of Finance that the current year will be much better than the previous year's rate of implementation of the budget 0-1
The Finance Minister, Mr. extinguishing debt on the theme that there are Iraqi good signs from the Kingdom of Saudi Arabia to discuss the Iraqi debt extinguishment stressing that the ratio of debt reduction to 80% instead of 100% is the proportion of non-acceptable to the Iraqis because their debts and their words were for amounts in support of the war with Iran, which Saddam DISCORD point, a very important point for us and the Iraqi Allmwatuna 0
And Mr. Sinan Shabibi governor of the Central Bank of Iraq one of the members of the Iraqi delegation that there are good developments such as the inflation rate, which is currently 23%, stressing that there is disparity in the level of interaction with debts of Iraq and asked the Iraqi Central Bank governor says that the International Monetary Fund that the exemption of Iraq debt issue interest Fund and encourage and help Iraq and the IMF to complete their programs in Iraq 0
Mr. Khan and Chief of Staff of the International Monetary Fund the Fund optimism of good economic policy in Iraq and here that Iraq's record of achievements, stressing the need to reduce inflation and economic implementation of the budget and raise the rates, especially the implementation of the investment budget for the oil sector to increase production rates, he said, pointing out that next September will need to Iraq the Convention on the (SBA) from September 2007 to December 2008 in order to enjoy exemptions provided by the Paris Club and comes after the end of this Convention and the first implementation of the Convention Iraq each state 0
The IMF suggested that there be a meeting in Amman short end of this month and another meeting in mid-May to discuss Article IV of the Convention and the completion of the current program 0
He promised to the International Monetary Fund announced that the economic developments in Iraq in Sharm El-Sheikh meeting, where support Iraq's economic confident steps despite all the challenges facing Iraq and the economic policy is working smoothly with the fund, the World Bank has reported that 0
The meeting was attended by Mr. Sinan Shabibi governor of the Central Bank of Iraq and adviser to Mr. Vice President and Mr. Vice Governor of the Central Bank and advisor of the Office of the Deputy Prime Minister and senior officials from the International Monetary Fund
__________________
More news Still waiting............Announcement No.(904)
D.G. of Foreign Exchange Control
The 904 daily currency auction was held in the Central Bank of Iraq day Monday 2007/4/ 16 so the results were as follows :
Details Notes
Number of banks17-----
Auction price selling dinar / US $1272-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)68.670.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)68.670.000-----
Total offers for selling (US $)----------
--------------------------------------------------------------------------------
My Friends, The CBI has just posted for their normal auction on Monday. 17 Banks for 68,670.000 at the rate of 1272.
We knew the rate would not change for this transaction, so please continue to be patience. Thanks.
--------------------------------------------------------------------------------
Chaired by Mr. Zubaidi Baqir Jabr, the Minister of Finance
(Voice of Iraq) - 16 - 04-2007
The name of God the Merciful
The Ministry of Finance
Media Bureau
Numbers :
History :
A press
بغـــــــــــــــــد اد
16/4/2007
Chaired by Mr. Zubaidi Baqir Jabr and Minister of Finance Iraqi delegation to attend a meeting of Governors of the World Bank held in Washington 0
The Minister of Finance, Mr. speech at the beginning of the meeting in which he thanked the International Monetary Fund for hosting the Iraqi delegation explaining the latest economic developments in Iraq, explaining the reasons for the failure to achieve rates of implementation of the budget for 2006, which amounted to the highest implementation rates for the ministries of 50% due to the security situation, which greatly impaired the companies Iraqi and foreign entry in the field or processing of contracts as well as the lack of flexibility and instructions to execute the contracts that were inherited from the former regime has released funds in the 2006 budget for the month of July of that same year, which means that the ministries did not take enough time to implement their budgets and the lack of expertise
The lack of middle echelon cadres are capable of implementing such projects led to the delay in implementation of the Economic Committee under the chairmanship of Deputy Prime Minister Barham Ahmed Salih take measures to accelerate the implementation of the budget and encourage units expenditure on implementation why funds launched soon to ratify the 2007 budget at the end of the second month and balancing Act 2007 in the text of Article 14 that the ministries will implement 25% of their budgets until July 2007 allocations will be transferred to other ministries capable of implementation have been held by the Ministry of Finance recently held for nine ministries attended the service and 80% of the cadre and the Ministry of Finance to discuss those ministries in the implementation of projects have surprised us by the Minister of Communications that he had carried out 90% of its budget for 2007 0
At the end of his speech, the Minister of Finance that the current year will be much better than the previous year's rate of implementation of the budget 0-1
The Finance Minister, Mr. extinguishing debt on the theme that there are Iraqi good signs from the Kingdom of Saudi Arabia to discuss the Iraqi debt extinguishment stressing that the ratio of debt reduction to 80% instead of 100% is the proportion of non-acceptable to the Iraqis because their debts and their words were for amounts in support of the war with Iran, which Saddam DISCORD point, a very important point for us and the Iraqi Allmwatuna 0
And Mr. Sinan Shabibi governor of the Central Bank of Iraq one of the members of the Iraqi delegation that there are good developments such as the inflation rate, which is currently 23%, stressing that there is disparity in the level of interaction with debts of Iraq and asked the Iraqi Central Bank governor says that the International Monetary Fund that the exemption of Iraq debt issue interest Fund and encourage and help Iraq and the IMF to complete their programs in Iraq 0
Mr. Khan and Chief of Staff of the International Monetary Fund the Fund optimism of good economic policy in Iraq and here that Iraq's record of achievements, stressing the need to reduce inflation and economic implementation of the budget and raise the rates, especially the implementation of the investment budget for the oil sector to increase production rates, he said, pointing out that next September will need to Iraq the Convention on the (SBA) from September 2007 to December 2008 in order to enjoy exemptions provided by the Paris Club and comes after the end of this Convention and the first implementation of the Convention Iraq each state 0
The IMF suggested that there be a meeting in Amman short end of this month and another meeting in mid-May to discuss Article IV of the Convention and the completion of the current program 0
He promised to the International Monetary Fund announced that the economic developments in Iraq in Sharm El-Sheikh meeting, where support Iraq's economic confident steps despite all the challenges facing Iraq and the economic policy is working smoothly with the fund, the World Bank has reported that 0
The meeting was attended by Mr. Sinan Shabibi governor of the Central Bank of Iraq and adviser to Mr. Vice President and Mr. Vice Governor of the Central Bank and advisor of the Office of the Deputy Prime Minister and senior officials from the International Monetary Fund 0
Still waiting............Announcement No.(904)
D.G. of Foreign Exchange Control
The 904 daily currency auction was held in the Central Bank of Iraq day Monday 2007/4/ 16 so the results were as follows :
Details Notes
Number of banks17-----
Auction price selling dinar / US $1272-----
Auction price buying dinar / US $----------
Amount sold at auction price (US $)68.670.000-----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)68.670.000-----
Total offers for selling (US $)----------
--------------------------------------------------------------------------------
My Friends, The CBI has just posted for their normal auction on Monday. 17 Banks for 68,670.000 at the rate of 1272.
We knew the rate would not change for this transaction, so please continue to be patience. Thanks.
--------------------------------------------------------------------------------
Chaired by Mr. Zubaidi Baqir Jabr, the Minister of Finance
(Voice of Iraq) - 16 - 04-2007
The name of God the Merciful
The Ministry of Finance
Media Bureau
Numbers :
History :
A press
بغـــــــــــــــــد اد
16/4/2007
Chaired by Mr. Zubaidi Baqir Jabr and Minister of Finance Iraqi delegation to attend a meeting of Governors of the World Bank held in Washington 0
The Minister of Finance, Mr. speech at the beginning of the meeting in which he thanked the International Monetary Fund for hosting the Iraqi delegation explaining the latest economic developments in Iraq, explaining the reasons for the failure to achieve rates of implementation of the budget for 2006, which amounted to the highest implementation rates for the ministries of 50% due to the security situation, which greatly impaired the companies Iraqi and foreign entry in the field or processing of contracts as well as the lack of flexibility and instructions to execute the contracts that were inherited from the former regime has released funds in the 2006 budget for the month of July of that same year, which means that the ministries did not take enough time to implement their budgets and the lack of expertise
The lack of middle echelon cadres are capable of implementing such projects led to the delay in implementation of the Economic Committee under the chairmanship of Deputy Prime Minister Barham Ahmed Salih take measures to accelerate the implementation of the budget and encourage units expenditure on implementation why funds launched soon to ratify the 2007 budget at the end of the second month and balancing Act 2007 in the text of Article 14 that the ministries will implement 25% of their budgets until July 2007 allocations will be transferred to other ministries capable of implementation have been held by the Ministry of Finance recently held for nine ministries attended the service and 80% of the cadre and the Ministry of Finance to discuss those ministries in the implementation of projects have surprised us by the Minister of Communications that he had carried out 90% of its budget for 2007 0
At the end of his speech, the Minister of Finance that the current year will be much better than the previous year's rate of implementation of the budget 0-1
The Finance Minister, Mr. extinguishing debt on the theme that there are Iraqi good signs from the Kingdom of Saudi Arabia to discuss the Iraqi debt extinguishment stressing that the ratio of debt reduction to 80% instead of 100% is the proportion of non-acceptable to the Iraqis because their debts and their words were for amounts in support of the war with Iran, which Saddam DISCORD point, a very important point for us and the Iraqi Allmwatuna 0
And Mr. Sinan Shabibi governor of the Central Bank of Iraq one of the members of the Iraqi delegation that there are good developments such as the inflation rate, which is currently 23%, stressing that there is disparity in the level of interaction with debts of Iraq and asked the Iraqi Central Bank governor says that the International Monetary Fund that the exemption of Iraq debt issue interest Fund and encourage and help Iraq and the IMF to complete their programs in Iraq 0
Mr. Khan and Chief of Staff of the International Monetary Fund the Fund optimism of good economic policy in Iraq and here that Iraq's record of achievements, stressing the need to reduce inflation and economic implementation of the budget and raise the rates, especially the implementation of the investment budget for the oil sector to increase production rates, he said, pointing out that next September will need to Iraq the Convention on the (SBA) from September 2007 to December 2008 in order to enjoy exemptions provided by the Paris Club and comes after the end of this Convention and the first implementation of the Convention Iraq each state 0
The IMF suggested that there be a meeting in Amman short end of this month and another meeting in mid-May to discuss Article IV of the Convention and the completion of the current program 0
He promised to the International Monetary Fund announced that the economic developments in Iraq in Sharm El-Sheikh meeting, where support Iraq's economic confident steps despite all the challenges facing Iraq and the economic policy is working smoothly with the fund, the World Bank has reported that 0
The meeting was attended by Mr. Sinan Shabibi governor of the Central Bank of Iraq and adviser to Mr. Vice President and Mr. Vice Governor of the Central Bank and advisor of the Office of the Deputy Prime Minister and senior officials from the International Monetary Fund 0
looks like a longer wait....??????
12 Apr 2007 12:06:00
Currency
CBI fixes IQD rate until Monday
Baghdad (NINA)- The Central Bank of Iraq has decided to fix Iraqi Dinar’s exchange rate against the US Dollar until the end of working hours next Sunday. The Bank will adopt a selling rate at IQD1272 and a purchase rate at IQD1270 per Dollar, according to a CBI source. The abovementioned rates hav
>> More >>
looks like a longer wait....??????
12 Apr 2007 12:06:00
Currency
CBI fixes IQD rate until Monday
Baghdad (NINA)- The Central Bank of Iraq has decided to fix Iraqi Dinar’s exchange rate against the US Dollar until the end of working hours next Sunday. The Bank will adopt a selling rate at IQD1272 and a purchase rate at IQD1270 per Dollar, according to a CBI source. The abovementioned rates hav
>> More >>
If you are a customer of Chase bank, you CAN walk in and exchange your Dinars at the going rate at that time. They will either give you cash or put it in your account. Of course, with money, there is a charge.
I just called today to verified all of this. Today the cost for 1 million is $868.70. If you were to sell or exchange 1 million today you would get $724.50.
This Chase is located in Hudson, Ohio, if you need the number, let me know.
GO DINAR! We will know tomorrow if these rumors are true or not!!!! I say, one is true, and the other is false, but which one????????!!!!!!!!!!!!! Who cares GO DINAR!!!!!I have no problem waiting 1 to 10 years, It'll get there!!!!
I'm glad to see you on the other board, it makes me feel better that BIG ST is watching our backs and following this very close. I want to thank you again for all the good and bad (they go hand in hand) news, infomation, and rumors you bring to this board. Thanks ST!!!
Our friend MM went on vacation he'll be back Thursday.
Ya right, I do'nt care what it revals to, I'm bringing back at least a portion and cash in just to say "I told you so, now who's crazy"!!! I'm going to love it!! and then walk out with my nose up...oh oh I'm starting to act like a rich snob already, because it is going to happen!!!!!!GO DINAR, but stay humble!
Ya know, I'm just getting mixed messages all over, like some Chase banks not selling or running out....well I ordered from my Chase bank here in Akron, Ohio on Friday, another 1/4mill and just picked it up this morning. I talked to the tellers, and I'm thinking that they are thinking that I'm crazy, which of course in some cases I just might be, but when it comes to the Dinar, I think that we are all on the right track!! Look at all the signs!! They point to Reval!! Alot of unusual and strange things happening in Iraq and in the CBI as we talk. These are awesome times right now!!!!!!!!GO DINAR!!!!!!
Don't get me wrong, I like ST's rumor better at .97 then DD's at .02 to .05. IMHO I think they should go with the higher RV rate just to keep people from buying back in. They want their Dinars back not the opportunity for us infidels to buy more!. Just my opinion.......................From DD..............Hey guys, I want everyone to know that the rate you are viewing is the same rate as last Thursday, this is because they are allowing all banks, banks only to settle there books. Today on voices of Iraq it stated that the auction was only for banks and on Thursday a new rate will be revealed, as the first auction since last Thursday will occur. I stated that they halted trading till Wednesday, which would be Thursday in Iraq. Today I found out there is no Dinars in Jordan, Dubai or Kuwait. This is good because it is drying up and it will cause a demand on the Dinar. CBI is doing this the right way, stop trading, cause a panic then reveal a new rate and bam buying comes flying in and it eats up the Dinars. I think .05 is where it is going to come in at and then smart money and banks are going to come in and trade this thing way up. Guys this is a rumor board and what I am stating is as close to the real thing as it gets, but of course till Iraq announces it, all it could be categorized is a rumor. Thanks to all and hope this helps.
Danny Dinar
PS I am going to try to find that article to back this up.
__________________--------------------------------------------------------------------------------
Is this the article DannyDinar?
Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, April 10, 2007 - 03:05 PM
Iraq-Currency
Higher demand for dollar as exchange rate fixed till Thursday in auction
By Dergham Mohamed Ali
Baghdad, Apr 10, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $ 59.505 million compared with $49.825 million on Sunday, as the Central Bank fixed the exchange rate at 1,272 dinars per dollar until Thursday.
In its daily statement, the bank said it had covered all bids, which included $9.485 million in cash and $50.020 million in foreign transfers, at an exchange rate of 1,272 dinars per dollar, unchanged from last week.
A source at the Iraqi Central bank told the independent news agency Voices of Iraq (VOI) "the exchange rate is fixed at 1,272 dinars per dollar until Thursday."
None of the 14 banks that participated in Tuesday's auction offered to sell dollars.
The auction did not convene on Monday as the Iraqi government imposed a curfew on Baghdad on the fourth anniversary of Baghdad's fall.
Abdul-Razzaq al-Abaiji, an economist, who praised the bank's decision to fix the exchange rate at 1272 dinars per dollar told VOI, "the fixed exchange rate has encouraged traders to make more bids in today's session."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.
Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq
Don't get me wrong, I like ST's rumor better at .97 then DD's at .02 to .05. IMHO I think they should go with the higher RV rate just to keep people from buying back in. They want their Dinars back not the opportunity for us infidels to buy more!. Just my opinion.......................From DD..............Hey guys, I want everyone to know that the rate you are viewing is the same rate as last Thursday, this is because they are allowing all banks, banks only to settle there books. Today on voices of Iraq it stated that the auction was only for banks and on Thursday a new rate will be revealed, as the first auction since last Thursday will occur. I stated that they halted trading till Wednesday, which would be Thursday in Iraq. Today I found out there is no Dinars in Jordan, Dubai or Kuwait. This is good because it is drying up and it will cause a demand on the Dinar. CBI is doing this the right way, stop trading, cause a panic then reveal a new rate and bam buying comes flying in and it eats up the Dinars. I think .05 is where it is going to come in at and then smart money and banks are going to come in and trade this thing way up. Guys this is a rumor board and what I am stating is as close to the real thing as it gets, but of course till Iraq announces it, all it could be categorized is a rumor. Thanks to all and hope this helps.
Danny Dinar
PS I am going to try to find that article to back this up.
__________________--------------------------------------------------------------------------------
Is this the article DannyDinar?
Voices of Iraq: Iraq-Currency
Posted by: saleem on Tuesday, April 10, 2007 - 03:05 PM
Iraq-Currency
Higher demand for dollar as exchange rate fixed till Thursday in auction
By Dergham Mohamed Ali
Baghdad, Apr 10, (VOI) – Demand for the dollar was down in the Iraqi Central Bank’s daily auction on Tuesday, reaching $ 59.505 million compared with $49.825 million on Sunday, as the Central Bank fixed the exchange rate at 1,272 dinars per dollar until Thursday.
In its daily statement, the bank said it had covered all bids, which included $9.485 million in cash and $50.020 million in foreign transfers, at an exchange rate of 1,272 dinars per dollar, unchanged from last week.
A source at the Iraqi Central bank told the independent news agency Voices of Iraq (VOI) "the exchange rate is fixed at 1,272 dinars per dollar until Thursday."
None of the 14 banks that participated in Tuesday's auction offered to sell dollars.
The auction did not convene on Monday as the Iraqi government imposed a curfew on Baghdad on the fourth anniversary of Baghdad's fall.
Abdul-Razzaq al-Abaiji, an economist, who praised the bank's decision to fix the exchange rate at 1272 dinars per dollar told VOI, "the fixed exchange rate has encouraged traders to make more bids in today's session."
The Iraqi Central Bank runs a daily auction from Sunday to Thursday.
Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq
.02 to .05 cents to the dollar
From DD..............
I Must Say I Am Hearing That The Rv Is Going To Be Announced Tomorrow, All My Sources Are Saying The Same. Tomorrow Or Wednesday Hell Anytime This Week Is Good For Me. Guys I Do Believe In This Investment And I Thnk,hell I Know..... It Is Happening This Week!!!!!!!!!!!!!!!go Dinar Go Rolclub You Guys Are The Best......
Dannydinar -------------------------------------------------------------------------------------------------------------------------- New Update from Secret Key!!
New Update!~
Just Got One More Phone Call!
Per Bank In Kuwait: No Dinars Leaving Iraq!
All Currency Dealers In Middle East Are Holding All Dinars At This Time......no Selling.
New Rate By Thursday.
Rate Rumored To Be .02-.05
This Is A Shake Out Rate.
Rate Will Go Higher After Hcl Is Passed And Oil Starts To Flow.
Rate Will Return Someday To $3.00+
From DD..............
I Must Say I Am Hearing That The Rv Is Going To Be Announced Tomorrow, All My Sources Are Saying The Same. Tomorrow Or Wednesday Hell Anytime This Week Is Good For Me. Guys I Do Believe In This Investment And I Thnk,hell I Know..... It Is Happening This Week!!!!!!!!!!!!!!!go Dinar Go Rolclub You Guys Are The Best......
Dannydinar -------------------------------------------------------------------------------------------------------------------------- New Update from Secret Key!!
New Update!~
Just Got One More Phone Call!
Per Bank In Kuwait: No Dinars Leaving Iraq!
All Currency Dealers In Middle East Are Holding All Dinars At This Time......no Selling.
New Rate By Thursday.
Rate Rumored To Be .02-.05
This Is A Shake Out Rate.
Rate Will Go Higher After Hcl Is Passed And Oil Starts To Flow.
Rate Will Return Someday To $3.00+
Just alot of more Hype,and Hope we're Having! HE HE
Well there you go....you better hurry up and go get you some Dinar!Buddy!!;)
Here we go again boys....just posted at 12:04.............. Rv More Info For All
--------------------------------------------------------------------------------
Hi guys,
Just want to that I just got off the phone with my friend who probably is one of the smartest woman I have ever met. We talked for an hr and here what I found out. Yes on saturday they did have a special meeting for the RV of the Dinar. Here is something NEW, The CBI has stated there will be NO Auctions till WEDNESDAY!!!!!!!!!!!!!! I am saying this once, I have a strong feeling that Tomorrow is the DAY!!!!!!! CBI over the last month have been buying the Dinar and not selling it, NO ONE over in IRAQ will give a definate price for dinars since Thursday. I am not gonna sit here and harp on this but guys, friends, fellows, females I think our time has come. Get ready for the RV and Soon it is gonna happen, a bank does not buy buy buy and no sell for no reason. As I hear it I report it to all my friends, but again No auction till Wednesday, I am hearing RV Tomorrow and guys lets see if Danny Dinar is right. Thank you all in advance for excepting me here and I will not let any of you down.
DannyDinar
Here we go again boys....just posted at 12:04.............. Rv More Info For All
--------------------------------------------------------------------------------
Hi guys,
Just want to that I just got off the phone with my friend who probably is one of the smartest woman I have ever met. We talked for an hr and here what I found out. Yes on saturday they did have a special meeting for the RV of the Dinar. Here is something NEW, The CBI has stated there will be NO Auctions till WEDNESDAY!!!!!!!!!!!!!! I am saying this once, I have a strong feeling that Tomorrow is the DAY!!!!!!! CBI over the last month have been buying the Dinar and not selling it, NO ONE over in IRAQ will give a definate price for dinars since Thursday. I am not gonna sit here and harp on this but guys, friends, fellows, females I think our time has come. Get ready for the RV and Soon it is gonna happen, a bank does not buy buy buy and no sell for no reason. As I hear it I report it to all my friends, but again No auction till Wednesday, I am hearing RV Tomorrow and guys lets see if Danny Dinar is right. Thank you all in advance for excepting me here and I will not let any of you down.
DannyDinar
Ema...Thanks for the heads up on the BHUB, your awesome!