Friday, January 28, 2011

1-28-11 Bank rumor

Highlights/Thoughts
Click on the title of this posting to get the details of this posting on DD

1. Person listened in on mother's call with BoA
2. The mother asked about currency, and the banker asked her if this was about the Dinar
3. After responding yes, the mother was told BoA will be dealing with the Dinar in February
4. This was the same response the mother got when she spoke with Chase

1-28-11 Deputy rule out the possibility of candidates for the vacant ministries in the meeting of Parliament next Sunday

Highlights/Thoughts
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1. An MP from the National Alliance ruled out the the possibility of the House reviewing the names of the candidates for the vacant ministries on Sunday
2. He said that Allawi and Maliki will settle the matter in their meeting (closed door meeting per other articles)
3. The remaining ministries, including the security ministries will be resolved
4. He also said there is no desire to keep the current Interior Minister

1-28-11 Statement from IHEC

Highlights/Thoughts
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1. IHEC has deep concerns over the Federal Court ruling at the request of Maliki
2. IHEC states the the law is clear in terms of where the independent bodies should reside
3. The Electoral Commission doesn't want to get into a showdown on this issue, but has serious concerns regarding the impact of this issue
4. The House will have the right to issue opinions and adjudicate

1-28-11 Maliki stressed the importance of continued political meetings and wise underlines its support for the Government

Highlights/Thoughts
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1. Maliki stressed the need for continued meetings between the political components to successfully form the Iraqi government
2. Maliki, in a joint press conference with al-Hakim at the headquarters of the Islamic Supreme Council, discussed the relations between the National Alliance and the political components

1-28-11 Representative of the Secretary General of the United Nations in Iraq held a press conference in Kirkuk

Highlights/Thoughts
Click on the title of this posting to get the details of this article on DD

1. Melkert stressed during his meeting with representatives of the components that the UN is working to support the people of Kirkuk involving all components and models to resolve the outstanding problems
2. Melkert noted that he provided advice to the Iraqi government on many issues and will consider the issue of conflict over land and property
3. He added that the improvement of services in Kirkuk is linked to the political agreement of the parties
4. This is the 4th visit by the UN to resolve disputes and problems

1-28-11 8ball chat from yesterday

Highlights/Thoughts
Click on the title of this posting to get the details of this chat on DD

1. If Parliament can form the government, name the security ministers, swear them in, seat the government, lift the sanctions, and pass the budget, then everything will be done
2. Maliki took control of the CBI to end the logistical issues
3. RV = formation of the government, which they have been avoiding for months
4. Maliki was confirmed on 12/21, the Kurds turned off power on Baghdad to turn up negotiations, turned off oil, proceeded to negotiate, and once negotiation was complete, they turned the power back on
5. Oil will pump on 2/2
6. 8ball thinks Sunday for RV
7. Maliki took control of the CBI because they wanted to snoop through bank accounts looking for money laundering
8. The CBI crossed the line with the snooping through bank accounts bill

1-28-11 Nighthk11

Highlights/Thoughts
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1. Night expects a showdown in Parliament
2. The Federal Court members may or may not be removed by Parliament
3. Iraqi politicians are calling for the Federal Court members to be dismissed and new ones appointed. So, parliament may just have this power
4. If they do not have the power, Night believes they have absolute power to curtail their decisions in decisions that are politically motivated
5. They are saying that Maliki did not ask for this ruling and that the Court decided on their to do this per Maliki
6. Budget news that is being reported is not a major concern to Night
7. Night is unsure of whether the CBI moving under Maliki will pose a problem for Shabibi and the RV
8. Iraqis in the street have never before fired back at security forces. Perhaps this will motivate the GOI to get things done sooner (in reference to what is going on in Egypt)
9. Parliament has the final say in Iraq--Not the Federal Court
10. Federal Court has displayed a bias toward Maliki
11. Maliki cannot RV. Only Shabibi can do that. But, the timing of the RV will be with Maliki if Shabibi is under his control
12. Somewhere someone doesn't want Iraq to be free--possibly Iran and Syria
13. Every time we get close, another crisis surfaces
14. Night is unsure if the RV can happen without the CBI issue being settled
15. Many of Maliki's supporters are speaking out against the Federal Court ruling
16. Othman of Kurdistan is advocating a full dismissal of the Federal Court (remember, the Kurds are the kingmakers)
17. Night is hearing inklings of dire consequences for Maliki
18. If the independent bodies situation and government formation are not resolved, Night thinks there may be an implosion of the fragile system
19. Maliki and Allawi are not the right people to lead that country
20. Contrary to what is being reported, the powers of the world are deeply involved in this crisis
21. Something will be done to correct this situation and they will deal with Maliki later
22. Tunisia-Egypt, Yemen-Somalia-Albania, Iraq is next
23. Without Sadr to lead their demonstration, it will become more violent
24. The root of the problem are NOT three tribes but the few egotistical men who have their own agenda for POWER
24. With every crisis, there has been a solution. This will be no different
25. IF they were to return to a dictatorship, their money would still be recognized for trade or they will be isolated and in poverty as they were under Sadaam. Night believes the Iraqi people do not want this
26. The powers of the world may step in and say that they want Iraq to prosper, but they only want to profit
27. The people have lost their fear as evidenced by them firing back at the security forces who shot into the air
28. Change must happen, or there will be no GOI in Iraq
29. Night fully believes there will be movement in the three areas of the government this next session (vacancies, budget, and strategic council)
30. The CBI issues should be discussed on Tuesday

1-28-11 Frank26 post from yesterday

Highlights/Thoughts
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1. Looking for a seated and announced GOI that talks to the world and not just themselves behind closed doors
2. Maliki is either a genius or a mad man
3. For the 3rd day in a row, they are CRITICIZING Maliki for what he has done
4. His team gets the feeling that few care about what Maliki did
5. Is the GOI or Maliki the hold up? In the beginning of December, the GOI said they were going on vacation. Then, at the end of December, they tell Maliki they need another vacation. Then, at the beginning of January, they extend their vacation to the 2nd week. Now at the end of January, they take even more time off
6. In two days, Maliki will make a speech, but not about the IQD. The speech will likely be related to security

Delta's report on Iraq TV:
1. More reports on the WTO
2. CBI is inviting the GOI to meet on Tuesday to discuss the independent bodies
3. GOI has no intentions of taking 100% control of the CBI
4. GOI is just responding to the Federal Court ruling
5. Maliki announced that the 2 remaining ministries will take another 2 weeks
6. In 2 weeks, Maliki will try to do everything in one basket
7. Maliki said that his plans are to have the Interior and Defense minister positions filled before the summit in March (Note: Remember, the summit is said to be scheduled at the end of March--not the beginning)
8. Delta shared an email regarding a bank confirmation related to increasing their banking reserves because they were informed the IQD would be coming online to exchange very soon

1-28-11 Allawi declares its commitment to three candidates, and demands your intelligence

Highlights/Thoughts
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1. A senior source from the List said Allawi will have a closed meeting with Maliki and present his 3 candidates as well as claim the position of Intelligence
2. The meeting is said to take place either Saturday or Sunday and they are to discuss jobs, security, ministries, and the law of the National Council of the policies

1-28-11 Arab League of Nations Summit (LETTER) – March 23-28

Highlights/Thoughts
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1. Summit moved to 3/23

This confirms what I read in another article not too long ago about the Arab summit being held during the later part of March. I don't recall who said the summit would be moved to the later part of March, but I do recall reading that. It was the only article that mentioned it, and it did not seem confirmed. This letter confirms that it has been moved.

1-28-11 House of Representatives will vote on the budget without seeing the final accounts for previous years

Highlights/Thoughts
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1. The House will vote on the budget without reviewing the past years financial statements while being asked to set a budget for each province according to population
2. A spokesperson from Muhammad Iqbal said they are determined not to vote unless they see the past year's financials
3. The spokesperson said the budget is full of gaps and a number of failures and they want to discuss it
4. He expects the demand to have the budget read for the second time in Parliament

1-28-11 The Washington Post: Applying the provisions of the Federal first test of the partnership between Maliki and his rivals

Highlights/Thoughts
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1. Senior officials in the independent bodies were assured by Nujaifi, the speaker of the House, that the House had concerns about the independent bodies regarding the Federal Court ruling
2. Discussions with the speaker have taken place in preparation for a discussion on this issue
3. The meeting is expected to be held on Tuesday
4. The ruling is expected to have a negative impact on the independent bodies

1-28-11 Parliament will tighten control over the bodies associated with the Council of Ministers

Highlights/Thoughts
Click on the title of this posting to get the details of this article on TCN

1. An MP from the List said that Parliament will tighten control over the independent bodies in the event they are under the control of Maliki
2. He pointed out the move by Maliki is not constitutional and will cause confusion

1-28-11 Parliament will hold a special meeting to discuss the consequences of the decision to link the independent government bodies

Highlights/Thoughts
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1. A special session will be held on Tuesday to discuss the consequences of the Federal Court ruling on the independent bodies
2. Osama Nujaifi called on all the independent bodies to attend the meeting

1-28-11 Khalid Al Mulla calls for parliament for an emergency session to discuss the deteriorating security situation and warns of the wrath of the people Today at 7:13 am

Highlights/Thoughts
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1. Parliament will convene an emergency session to discuss the causes and ways to remedy the deterioration of security

1-28-11 Chuan Taha Barzani is Expected to Resolve the Crisis Intervention of the National Council

Highlights/Thoughts
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1. An attorney for the Kurdish coalition expects Barzani to resolve the crisis related to vote on the President of the National Council for the strategic policies
2. He said the Kurdistan alliance bloc has no objection regarding the vote on the chairman of the National Strategy policies
3. They also are not partial to voting within parliament or within the Council

1-28-11 Iraqi Dinar - Remarkable Rise Against Dollar

Highlights/Thoughts
Click on the title of this posting to get the details of this article on PD

After that last posting, this was a bit more on the up beat!

1. Central bank adviser said the dinar will rise against the dollar in the coming period
2. He said expect to see the dinar to rise significantly against other currencies especially the dollar
3. He said there will not be a budget deficit
4. He explained that the dinar will rise because of the drop in the dollar and the rising oil price
5. He also talked about their efforts to remove the zeros from the dinar, which was a move to reduce inflation, close the gap in value compared to the dollar, and to eliminate large amounts by reducing it to its lowest limits

1-28-11 RV unlikely in 2011

Highlights/Thoughts
Click on the title of this posting to get the details of this posting on PD

1. Person had a conversation with a banker at Wells Fargo who happens to be from the middle east
2. The banker has contacts all over the middle east
3. The banker is invested in the Dinar
4. He said most, if not all the information being posted on various Dinar sites is not accurate
5. Much of it is made up with no basis on fact
6. The banker suggested to his friend that he ignore what is being posted and what is said on the conference calls
7. The banker stated the RV is a long way into the future
8. Based on their GDP, they are primarily an import based economy
9. There is no way they are at export capacity to support a drastic increase in their currency valuation. NO WAY - NO HOW. His banking contacts in the middle east told him this
10. Iraq is controlled by Iran--not the US
11. Iran has its hands in everything in Iraq. Much more than we realize
12. The news of Kuwait and Jordan cashing in is completely false
13. He believes over time that the Dinar will revalue
14. Their current budget could not support an RV
15. Kuwait's situation for the RI was completely different from Iraq today because Kuwait was exporting large volumes of oil and could support the RI
16. Based on economic models, it could take Iraq a year or more to RV

1-28-11 Buckeye rumor

Highlights/Thoughts

1. Confirmed Okie's information about parliament meeting as Okie described
2. RV Monday with a cash in on Tuesday, if not sooner

*******************************************************************************

BUCKEYE spill the beans baby
[BUCKEYE] I have confirmation on that parliament has been meeting like Okie has mentioned....that is CONFIRMED
[Lollie] BUCKEYE, yea...thank you!
[BUCKEYE] in individual houses at night
[kdshorter] BUCKEYE wonderful!!
[BUCKEYE] I can tell you this but PLEASE do not hold me too this
[tutsie] BUCKEYE spill the beans baby
[tobydinar] Buckeye, do you think we will get things done this weekend with budget and gov
[BUCKEYE] I can tell you this but PLEASE do not hold me too this
[BUCKEYE] RV by Mon. Tues cash in........if not sooner
[BUCKEYE] that’s all I can say
[tobydinar] Buckeye, thanks for all your intel
[BUCKEYE] LETSSSSSSSSSS GET RREEEAADDDYYY TOOOO RUUUMMMBBBLLLEEERE

1-28-11 CBI auction results

Currency Auctions

Announcement No. (1823)

The latest daily currency auction was held in the Central Bank of Iraq on the 27-JAN-2011. The results were as follows:
Details Notes
Number of banks 14
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ 1170
Amount sold at auction price (US$) 85,018,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 85,018,000
Total offers for selling (US$) -----
Exchange rates

Dollar's exchange rates / in Baghdad markets