CBI Currency Auction 3/6/2011

[Doc31]

Currency Auctions

Announcement No. (1848)

The latest daily currency auction was held in the Central Bank of Iraq on the 6-MAR-2011.

The results were as follows:

DetailsNotesNumber of banks14

Auction price selling dinar / US$1170

Auction price buying dinar / US$-----

Amount sold at auction price (US$)77,887,000

Amount purchased at Auction price (US$)-----

Total offers for buying (US$)77,887,000

Total offers for selling (US$)-----

Exchange rates

Dollar's exchange rates / in Baghdad markets

Here's where the numbers ended Friday

Oil up $2 over the day Friday

Gold ran up what $14?

Zeroes ... near ... here we go again ... low volume and miniscule cash portion of 329K with 14 of 22 participating

Well, I was awakened this morning by a headache and neither Excedrin nor caffeine has dispatched it so this will be short.

Ok ... I know that all of you have either participated or seen the demonstration in church, a leadership meeting, or a party ... where the leader writes down a phrase on a slip of paper and shows it to the first person in a line. That person turns to the person behind them and verbally tells them what was on the slip of paper. Each person in turn tells the person behind them ... passing the phrase along. When the person at the end is finally told ... that person writes down what he was told. Then that is compared with the original phrase. It is usually hysterical how disassociated from the original the latter is.

That's the way I feel about the NEWS ( and I use that phrase very loosely) coming out of Iraq presently ... are we clear?

At first glance, the operative word in the Iraqi news is probably "corruption" or a derivative ... whether exposing with it or dealing with it or good old fashioned finger pointing! Integrity commission names most corrupt ministries

Then we see that al-Maliki thinks it's more important to deal with the riots than deal with the CAUSE of the riots ... HIS inaction ... postpone the naming of the security/defense ministries ... The Parliament’s session on Sunday security ministries would not be discussed in the session ... this guy is unbelievable.

or

Maliki refuses to give Chalabi the Interior Ministry despite an agreement by the political blocs to accept

Then there is this ... Iraqi officials still indecisive over security ministries share ... the most disturbing item in this article is this ...

The Iraqi parliament gave confidence to part of the 42-seated cabinet of the reinstated Iraqi Prime Minister Nouri al-Maliki Dec.21. Some ministries including the defense, interior and state ministry for national security are temporary run by the PM himself until the new ministers are assigned.

While I know that this sounds promising ...

Lana Mohammed another Kurdish lawmaker also believed voting on the security posts’ candidates is one of the priorities in the agenda of parliament for this week

... this follows it ...

there are two possibilities for naming the candidates; “either Maliki will hand the candidates’ names to the Council of Ministers, whether or not the blocs have agreed on them, or he may delay the list until the blocs reach an agreement over the issue.”

Nahida Dayni, from al-Iraqiya said she will blame on Maliki not “the political blocs” any delay in voting.

“He has promised to submit the names for voting throughout this week and any delay in so doing sources from more deliberating on sharing the posts.”

The descriptor following the title eliminates the need for any comment Maliki to announce candidates for cabinet security posts next week How many times have we heard this???

In other words ... nothing's changed. Deal with the riots because that could get you thrown out/hung or both ... dealing with the reason for the riots ... that would violate whatever agreement he has going with whomever is pulling his strings. And no it's not the US administration.

Well the pounding in my head says "that's enough"

Peace to all

Doc31

[rsskelton]

Thanks Doc. I agree, even the news is contradicting. It's enough to give anyone a headache. Hope you feel better soon.

[unborntotheworld]

thanks for the post as always doc.

FML.

[tjmunson]

Just out of curiosity, why do you think it is not the US pulling the strings? Who do you think it is, if anyone?

Thanks for the post Doc!

Peace.

[coldwarvet]

Thanks for the post. I'd like to point out, though, that one of the semi-hidden challenges we all have with information coming from both Iraq and the rest of the ME is the sheer number of sources of information. How many times have we seen news items that quote this or that Iraqi MP, or deputy caibnet minister, or other public official? How many of them have been accurate? Howe can we tell if they are?

Given the truly Byzantine nature of Iraqi politics, and the obviously conflicting agendas of Maliki, Allawi, Sadr, etc., it's difficult at best to determine which sources are reliable. Although they all make interesting reading, I'm at the point where the only pieces of news I'm lending any credence to are: 1. the securities ministries have been named, with the announcements coming from verifiable sources, and: 2. the CBI values have changed, indicating an RV. JMO.

[R2d2dc]

Thanks Doc, good post. Hope you feel better soon.

[rtrusty]

Doc thanks for your Post.

[Crow]

THANKS DOC............All i can say is uuuuuuuuuuuuuuuuuuuuugggggggggggghhhhhhhhhhhhhh!

[puff26]

It is more than frustrating! Thanks for the Post Doc.

[BW3]

Yes, makes M look like he is loving making a mochery of their own govt. (Makes me think he IS on IRAN's payroll) I hope something changes this week. Either they are in some serious dog poop,, or this is some of the Biggest Smoke-n-mirrors we have ever seen.....

GO RV ALREADY!!!! COME ON SHABS.... PULL THE TRIGGER PLEASE

[Anita]

Thank you for the post, Doc! Very much appreciated. Hope you feel better....

[aferriss]

Hope you feel better soon. Thank you and I guess time is going to be the biggest teller of all. Take care!!

[jima]

when the caffiene does not work for me, I go to my chiropractor.

[cw2]

Thank u Doc for a great post as always.

cw2

Look up miracles come from above!!

[sillyseaserpent]

Thanks for the post. I'd like to point out, though, that one of the semi-hidden challenges we all have with information coming from both Iraq and the rest of the ME is the sheer number of sources of information. How many times have we seen news items that quote this or that Iraqi MP, or deputy caibnet minister, or other public official? How many of them have been accurate? Howe can we tell if they are?

Given the truly Byzantine nature of Iraqi politics, and the obviously conflicting agendas of Maliki, Allawi, Sadr, etc., it's difficult at best to determine which sources are reliable. Although they all make interesting reading, I'm at the point where the only pieces of news I'm lending any credence to are: 1. the securities ministries have been named, with the announcements coming from verifiable sources, and: 2. the CBI values have changed, indicating an RV. JMO.

Do you get the feeling they're having fun with us? They put something out and wait to see how long before it appears here. Then they laugh their heads off reading all our remarks.

[doesntbreakeasy]

Just out of curiosity, why do you think it is not the US pulling the strings? Who do you think it is, if anyone?

Thanks for the post Doc!

Peace.

Can we say ROTHSCHILD AKA THE WORLD BANK!!!! They own the CBI. And tell M what to do. The same way they own the Federal Reserve Bank. They also tell O what to do. Sorros, Rockefellers, Warburgs and their ilk. Buildeburg Group. Look up the history on all of this and you will have your answer!!!

Doesntbreakeasy

[BanG]

Hey Doc I hope your feeling better as well and your information as well as summary to me are PRICELESS. Have you ever considered writing an analytical column on the News you post for us? I for one would love to see that happen as I think it would offer more insight as to what's transitioning on a regular basis. JMO man. Peace.