Sunday, February 6, 2011

2-6-11 No additional postings tonight

Hello all,

I will not be posting additional information tonight as I want to enjoy the remainder of the game and evening. That said, today's news was great! I'm looking forward to seeing what tomorrow's news brings us--even if it isn't the RV. We are inching closer to the finish line, and as much as I enjoy blogging for whoever enjoys reading these postings, I sure would love to stop because of the RV/RI! So ... GO RV/RI!

Enjoy your evening/morning/night!

Justwaitingforit

2-6-11 MTT: Okie Oil Man rumor

Highlights/Thoughts
PLEASE IGNORE THIS IF YOU DO NOT WANT TO READ RUMORS

Click on the title of this posting to get the details of this posting on PD (membership required)

1. Okie says Maliki is supposed to announce that the Iraqis can go to the banks and exchange their dinar for lower denominations, which will have a lot higher value
2. Maliki is also supposed to announce the GOI
3. This information came from several sources, but he is waiting for confirmation from his Iraqi Parliament contact
4. Foreign dignitaries are arriving and airport security is HIGH
5. Blaino's contacts are saying same
6. People's Dinar contacts are saying the same thing
7. Several bank rumors saying the same thing and banks are expecting to have the rate on Monday

2-6-11 Al-Maliki Meets With Clusters of Capping a COMPLETE CABINET

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

1. Leading member of the Patriotic Union of Kurdistan said that Maliki and the leaders of political blocs discussed the status of a time limit to complete the cabinet reshuffle
2. They committed to the agreements made in the Barzani initiative
3. They also discussed the issues regarding the draft of the Political Council in order to reach agreement between all parties
4. It was predicted that next week will be the final date to declare the remaining candidates for the ministries
5. A deputy from the another coalition said that he expected them to resolve the names of the VP of the Republic, vacant ministries, including the security forces by this weekend

2-6-11 Nighthk11 chat

Highlights/
PLEASE IGNORE THIS IF YOU DO NOT WISH TO READ RUMORS

Click on the title of this posting to get the details of this chat on DV

1. The budget is NOT needed to RV
2. The budget needed to be passed to pay for the "new dinar" ordered from De La Rue, which bears the Kurdish language
3. On 12/15, Iraq was released from Chapter 7 (sanctions related to trade)
4. If they are still deemed a threat, they will not be released from the Chapter 7
5. Monies to support the RV have already been designated ($50 bil)
6. They were supposed to RV on 12/15 in conjunction with the release of trade sanctions
7. Since they did not and Maliki attempted his "mess", this prompted Biden to go back and activate the Barzani initiative
8. There will be NO MORE LOANS from the IMF or WB, and no inclusion to the WTEO unless they RV
10. The recent IMF loan of 4.5 billion was agreed because the RV is imminent
11. They are new loans to support the budget
12. The loans will come after RV
13. Contrary to what is printed, they did find WMD in Iraq--just not what we think. What they found was far more powerful
14. We are waiting for an announcement today. If all that has come in is true, Maliki will be on Iraqi TV with an announcement of the government, budget, and RV
15. All decisions pertaining to Chapter 7 and Iraq have been decided--just not announced
16. The budget passing is a bid deal from the perspective that it means the Kurds got another of their points handled--currency with Kurdish language
17. Parliament has ratified the budget and sent it forward to be published in the Gazette
18. If all news is correct, the Rv is next
19. Night isn't sure why they want to borrow money since they adjusted their budget to account for the rise in oil prices
20. Word is that the government was done last Thursday
21. If dignitaries are on there way, it can mean nothing else
22. The situation in the ME lit a fire under them because they see they are NEXT
23. Borrowing from the WB and IMF always comes with strings
24. There will be a budget surplus. This is why the price of oil was raised
25. The incidents in Egypt were sparked in part to raise the price once again because a large amount of the world's oil transits through the Suez Canal

2-6-11 CBI auction results

Currency Auctions

Announcement No. (1829)

The latest daily currency auction was held in the Central Bank of Iraq on the 6-FEB-2011. The results were as follows:
DETAILSNOTES
Number of banks15
Auction price selling dinar / US$1170
Auction price buying dinar / US$-----
Amount sold at auction price (US$)145,879,000
Amount purchased at Auction price (US$)-----
Total offers for buying (US$)145,879.000
Total offers for selling (US$)-----
Dollar's exchange rates / in Baghdad markets

2-6-11 Tahrir Square, Baghdad, is preparing for large demonstrations in Iraq on Feb. 25th

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

1. Iraqis are calling on Facebook and Twitter, unemployed Iraqi intellectuals, the poor, Iraqi university graduates, housewives, the millions of unemployed, and the millions of widows and orphans to go out in violent protest on 2/25 in Tahrir Square

2-6-11 * DDT Member Info: Chase Bank Experience

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

1. Person emailed DD with this information
2. Father-in-law called with confirmation of the De La Rue machines being in
3. Someone went to a Chase branch and took a 25k dinar note with him
4. He asked the teller if they would be exchanging it any time soon
5. She said she didn't know what that was and referred him to the manager
6. Manager says they aren't exchanging right now, but they will as soon as there is a rate
7. He then said they just got a machine in to count and verify the dinar
8. The manager said he could run the dinar through the machine to verify it is real. He ran it through and said it is real.
9. The manager told him to come back when there is a rate and they'll do the exchange for free if he has an account
10. Another person went to the same branch and did the same thing. He got the same response.

2-6-11 Draft Law Submitted by Federal Supreme Court of the Presidency to the House of Representatives

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

1. A copy of the draft law of the Federal Supreme Court was submitted by the POR to the Council of Representatives to approve the legislation
2. The draft law provides for the abolition of the Federal Supreme Court's No. (30) for the year 2005
3. The draft law provides that the provisions and decisions of the Court without appeal and binding on all is strictly prohibited

The text of the draft law are included in the article.

2-6-11 Allawi Meets With Members of the Iraqi List Prior to His Meeting With Al-Maliki

Highlights/Thoughts
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1. Allawi will meet with members of the List and the National Coalition to discuss the position on the formation of the political Council of national security and the candidate of the ministry of defense
2. Allawi will discuss the points of contention with the National Coalition for the Political Council for National Security and develop a unified position for the List before they meet with Maliki

2-6-11 Hundreds protest in Baghdad to improve services

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

1. Hundreds of citizens went to the streets on Sunday protesting the lack of services
2. 3,000 participated
3. They were calling for improved services like electricity and ration cards
4. The protest was peaceful and demanded the resignation of the municipality council

The article about giving citizens $15,000 IQD is from 2006.

2-6-11 Osman calls to discuss an agreement Allawi, Maliki and Barzani in parliament

Highlights/Thoughts
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1. Othman, from the Kurdish Alliance, said all the meetings that take place behind closed doors lack transparency in explaining to citizens what has been agreed and what is happening
2. He wants the Arbil agreements discussed in Parliament because what's been read in parliament is just general points. The details show many points of contention
3. He was surprised at the survival of everything secret and only heard mixed messages to the media while keeping the facts hidden
4. He said meeting in Parliament, even if closed, to clarify points of differences is better than allowing things to be on hold and in order to know whether the dispute is constitutional or political as well as to discuss whether Allawi will be the president of the National Council or Secretary General

2-6-11 Bayati: The Prime Minister arrived in the final stages in the naming of security minister

Highlights/Thoughts
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1. A member of the Commission on Security and Defense said the absence of security ministers and the delayed appointment does not mean there is a security vacuum in the country
2. He said Maliki is expected to announce the candidates in the middle of this month
3. Al-Bayati stressed the need to speed up the nomination of Ministers as it will lead to the activation of the security file
4. He said that Maliki is in the final stages of naming the security ministers
5. He said Maliki visited the POR to discuss this matter yesterday
6. al-Bayati said that Maliki will fill the security ministries and other vacant ministries in the middle of this month
7. He said that the nominations for these ministries have shrunk gradually because nominees do not have the competence and experience to enable them to occupy the positions

2-6-11 MTT call RUMOR

Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ RUMORS

1. MTT callers said they received emails saying that Maliki will announce the GOI, the budget passing, and the RV
2. MTT says they are setting up platforms and many dignitaries will arrive late

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MTT CALL AND THEY JUST BRIDGED UP THE CHINESE FIREDRILL FORUM CHAT/CONFERENCE CALL AS SOME HAVE RECEIVED E-MAIL AND CALLS SAYING MALIKI IS GOING TO ANNOUNCE THE GOI, THE BUDGET PASSING AND THE RV… THEIR CHIEF V TO SAY SOMETHING AND WE HEARD THE GROUP ON MTT STATE THAT THEY ARE SETTING UP PLATFORMS AND MANY DIGNITARIES LATE ARRIVAL, ETC…

A better version:
Wayne from MTT says that they have had intel from many different sites and sources including bank people that everything is ready. They have been told there are podiums and seating and large screen TV's being erected and many foreign dignatories arriving for a big announcement. This all came through yesterday and last night.

2-6-11 Dabbagh (News): 96 Trillion Dinars Federal Budget for 2011

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

1. The Iraqi Council of Ministers approved the the 2011 budget
2. The amount of the budget is $96.6 trillion dinars with a $15 trillion deficit
3. $30 trillion is allocated for investment expense
4. $66 trillion were dispersed for expenditures on State institutions and independent bodies

They clearly did not adjust the budget using the higher oil price as was stated in an article just a couple days back. If they did, there wouldn't be a deficit.