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Iraqi Dinar Buzz Updates

Iraq Important Dates
2010-10-10 07:25:01
October 8-10, 2010 IMF Conference & CBI officials/MoF Washington D.C.
October 15-16, 2010 GET ENERGY for Iraq Conference Basra, Iraq
November 1-10, 2010 Baghdad International Fair (300 Foreign companies participating)
November 25-28, 2010 Basra International Oil & Gas Conference Basra, Iraq
November 29-Dec 1, 2010 Iraq Petroleum 2010 London, U.K.
December 5, 2010 Iraq National Census (look for being delayed again)
December 31, 2010 DFI Fund Remains in Federal Reserve NY
December 15, 2010 3rd Review Stand-by-Agreement Iraq
March 1, 2011 Arab League Summit - Baghdad, Iraq
March 12, 2011 Kurdistan Regional Elections
April 16-17, 2011 2011 Spring Meetings of the World Bank Group & IMF Washington, D.C.
September 24-26, 2011 Annual Meetings of the World Bank & IMF Washington, D.C.

Today is the start of the International Monetary fund (IMF) & World Bank (WB) Conference that is being held in Washington D.C. American Contractor was the first to inform you that the Ministry of Finance, Bayan Jabr and his staff will be attending the conference. Bayan Jabr has been giving interviews on the upcoming meet with the IMF and WB stating he will be requesting more loans with the IMF in order to cut the deficit and increase investment. Foreign currencies will also be discussed in the annual meeting.

The State of Law (SOL) coalition still has not given any written approvals to the Kurdish Alliance regarding their 19 written proposals. The only approvals by the State of Law coalition has been verbal. The SOL is still reviewing all proposals and all options. The SOL has accepted approximately 90% of the Kurdish proposal. The SOL can afford to as they hold all the cards.

The Iraq National Census is scheduled for 5 Dec however, there is a good chance it could very well be postponed into next year. The Prime Minister, Al-Maliki has yet to release the funds for the Iraq National Census. The Iraq National Census has to be completed before the Article 140 can be accomplished.

The Interior Ministry who is now responsible for the security in Iraq had raided a house in the Batawien area for counterfeiting the Iraqi dinar currency. This article was reported in AKNEWS on 7 October. The new Iraq currency was introduced in October 2003 and gangs specializing in counterfeiting began counterfeiting at this time in Iraq. Over the last several years the Ministry has been arresting these criminals and placing them in Iraqi jails. If you have any doubts on the currency in which you are holding you might want to double check your currency for authenticity.

The leader of the Sadrist bloc Muqtada al-Sadr, has brought his support to PM Al-Maliki for a second term. The support is causing disputes within the al-Sadr organization. The majority of the Trends MP’s are very suspicious of PM Al-Maliki and think that Al-Maliki would start battling the Sadrist bloc again after he obtains the Prime Ministers office. In late September, PM Al-Maliki signed a resignation letter and gave the letter to the Al-Sadr Trend Political Commission to be used in case Al-Maliki started to persecute the Al-Mahdi Army or Al-Sadr Trend members.

The National Alliance has formed two teams. One team is to negotiate with the political blocs to reach understandings regarding the government formation. The second team is to hold talks with Arab and other regional governments.

The SOL coalition has postponed meetings with the Kurdistan Alliance due to conflicting scheduling dates. Meeting dates will be scheduled soon.

IMF annual meeting web link

Governor of Iraq IMF annual meeting opening statement

Posted by American Contractor on October 10, 2010 1:24 AM | Permalink