Friday, January 28, 2011

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

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

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
Click on the title of this posting to get the details of this article

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
Click on the title of this posting to get to the details of this article

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