1-20-11 CBI Currency Auctions for today

Currency Auctions

Announcement No. (1818)

The latest daily currency auction was held in the Central Bank of Iraq on the 20-JAN-2011. The results were as follows:

Details	Notes
Number of banks	19
Auction price selling dinar / US$	1170
Auction price buying dinar / US$	-----
Amount sold at auction price (US$)	146,349,000
Amount purchased at Auction price (US$)	-----
Total offers for buying (US$)	146,349,000
Total offers for selling (US$)	-----

Exchange rates
Dollar's exchange rates / in Baghdad markets

1-20-11 Most important laws that will be approved during the current session

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

1. Member of the House for the National Alliance said that the House will focus on the Law on Protection of Journalists and other laws which have been referred from the Committee on security, defense and legal framework relating to security companies.
2. These laws will be addressed in "this" session and after the completion of the formation of the committees

Their scheduled next session is the 30th.

1-20-11 Mahmoud Othman: Maliki is not in a hurry on resolving the security ministries

Highlights/Thoughts
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1. Maliki is not in a hurry to fill the security positions as he currently is overseeing all of security as the commander in chief of the armed forces as well as the person who is managing the ministry of defense (Interior and National Security)
2. It is likely Maliki will appoint people that are close to him

Recall that Allawi and Maliki are in contention of some of the security positions as Maliki has rejected Allawi's candidate.

1-20-11 Garrett Takes Gavel Of Capital-Markets Panel; Paul Gets Fed Oversight Role

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

I am posting this article because it states Ron Paul will have oversight of the Federal Reserve. Ron has said in the past that the Federal Reserve should be abolished. Is this the start of what was rumored to happen with global settlements and the elimination of the Federal Reserve? Interesting. Or, is this just a move by the Republicans to ensure that we don't print more money?

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2 videos to watch


Click on the link below for the 2nd video:
Ron Paul: Obamacare Will Fail; Don’t Blame China for Our Problems | Ron Paul .com

1-20-11 TK on global settlements

Highlights/Thoughts

The chat below is related to the global settlements. According to the lady on the GET call the other night, once the payments were sent out, we should see the currencies revalue among a number of other things.
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terryk] GOOD MORNING ROOM
[terryk] AL IS DOING GOOD
[terryk] ON THE PHONE WITH HIM
[terryk] SO NO WORRIES
[terryk] SO U WANT SOME NEWS
[terryk] all the fines and penalties payments were released yesterday as well as prosperity programs. Everything should be arriving today and tomorrow. With that said – the dinar ‘should’ rv for the rest of us here in the US ‘now’. There is absolutely nothing else holding this up imo.
[terryk] EMAILED TO ME THIS AM

1-20-11 Enoch8 Post

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

1. This is in reference to an article published in December stating that the Paris Club forgave the remaining 20% of the debt
2. Enoch is saying that their currency hasn't been recognized yet because their credit has a C rating
3. In order for it to be recognized, it must have a higher rating
4. Iraq's credit rating should be upgraded this year
5. Iraq is waiting for the 2011 budget and final reports from 2010, Official Creditors and World Bank upgrades their credit rating, and the IMF upgrades Article XIV to VIII compliance
6. RV is 100% dependent on the World Recognition and credit rating

Enoch also mentioned that Iraq's debt to income ratio would be improved by the debt relief as well as from their oil reserves. Remember, they can now monetize their oil. On that note, there was an article published today that said they now have 500 bil barrels of oil!

1-20-11 Urgent: Iraq's Oil Reserve reach 500 billion (b) barrels, official

Highlights/Thoughts
Click on the title of the link to get to the details of the chat

1. Iraq's oil reserves are now 500 billion
2. Previous estimate was 143 billion

Please keep in mind that the IMF now allows these countries to monetize their oil. If this is a proven 500 billion, Iraq is not only the country with the most oil, but they are the richest.