In yet another sign of eroding international confidence in the U.S. dollar, India’s central bank has just purchased 200 tons of gold from the International Monetary Fund at $1,045.00 an ounce, in a transaction valued at close to $7 billion. Nor were Indian officials at all coy about their motives. As one senior official at the Indian central bank told the Wall Street Journal, “It makes sense to buy gold as it will appreciate more than the U.S. dollar.”
VOA News reported on November 2 that Afghanistan's Independent Electoral Commission (IEC) had declared President Hamid Karzai the winner of the country's disputed election, following the withdrawal from the race the previous day by Karzai's challenger, Abdullah Abdullah, the nation’s former Foreign Minister. The runoff election that had been scheduled for November 7 has been cancelled and Karzai will remain as president for a five-year term.
According to a New York Times report published on October 27, Ahmed Wali Karzai, brother of Afghan president Hamid Karzai, is on the CIA’s payroll. Not only that, Ahmed Karzai is suspected to be involved in the lucrative Afghan opium trade, although Karzai himself denied both CIA and opium connections in a recent interview.
The Islamic State of Iraq, an extremist group linked to al-Qaeda, claimed responsibility in a website posting on October 27 for a pair of bombings two days earlier that killed 160 people in Baghdad. The BBC quoted the Islamic group’s statement that its suicide bombers had targeted "dens of infidelity" in the Iraqi capital, including "the ministry of oppression, known as the ministry of justice, and the Baghdad provincial assembly."