Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Originally Posted by H2O_Lover

Kurds support new oil law, a key benchmark
Agreement to share oil wealth could open economy to new investments

SULAIMANIYAH, Iraq - Kurdish authorities have agreed to back a draft law to manage and share Iraq’s vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.
Approval of a new oil law could help open the way for international oil companies to invest billions to upgrade Iraq’s decrepit wells and pipelines and exploit the country’s reserves, among the world’s largest.

The bill also provides a formula for distributing revenues among all major ethnic and religious groups, easing Sunni fears of being cut out of a future bonanza because their central and western homelands lack extensive reserves.

Massoud Barzani, president of the self-governing Kurdish administration in the north, announced the agreement at a joint press conference with U.S. Ambassador Zalmay Khalilzad and President Jalal Talabani. Barzani said he and Talabani had discussed the latest draft law by telephone with Prime Minister Nouri al-Maliki.

“We reached a final agreement,” Barzani said. “We accept the draft.”

Delay in adopting deal
There was no comment on the announcement from Khalilzad or Talabani, and Barzani did not elaborate. It was unclear whether new concessions had to be made to win his approval.

Al-Maliki’s government had promised to enact a new oil law by the end of 2006 but missed the deadline due to objections from the Kurds, who wanted a greater role in awarding contracts and administering the revenues.

The Cabinet discussed the draft Thursday but failed to agree. Once the Cabinet signs off, the measure goes to parliament for final approval once the legislators return from a recess early next month.

Kurds agree to share Iraqi oil wealth - Conflict in Iraq - MSNBC.com

GRABBIN YOUR FEATHERED A$$ UP AND KISSIN YOU RIGHT ON THE BEAK!!!!!

All of this optimism here is making my day!!!
Thanks!!!

Originally Posted by HyiperOne

I am not using any translation service as Arabic is my native language and sure my translation will be better than any other online service, and this statment didn't mention anything about issuing new dinars, sorry for that but we have to go over this.

SwweeEET! We need someone around here that can translate these articles! Welcome to the forum!

Originally Posted by SpongeDinars

SGS, did the Pension Law passed today? Thank you.

it passed some time back, it has been enacted/implemented as of yesterday. i suspect behind closed doors we have a signature on a paper from shabibi authorizing our revalued dinar rate.

Originally Posted by H2O_Lover

Kurds support new oil law, a key benchmark
Agreement to share oil wealth could open economy to new investments

SULAIMANIYAH, Iraq - Kurdish authorities have agreed to back a draft law to manage and share Iraq’s vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.

Approval of a new oil law could help open the way for international oil companies to invest billions to upgrade Iraq’s decrepit wells and pipelines and exploit the country’s reserves, among the world’s largest.

The bill also provides a formula for distributing revenues among all major ethnic and religious groups, easing Sunni fears of being cut out of a future bonanza because their central and western homelands lack extensive reserves.

Massoud Barzani, president of the self-governing Kurdish administration in the north, announced the agreement at a joint press conference with U.S. Ambassador Zalmay Khalilzad and President Jalal Talabani. Barzani said he and Talabani had discussed the latest draft law by telephone with Prime Minister Nouri al-Maliki.

“We reached a final agreement,” Barzani said. “We accept the draft.”

Delay in adopting deal
There was no comment on the announcement from Khalilzad or Talabani, and Barzani did not elaborate. It was unclear whether new concessions had to be made to win his approval.


Kurds agree to share Iraqi oil wealth - Conflict in Iraq - MSNBC.com

WooooooOOOOOOOOOOOOOOTTTTTT!!!!

USD to IQD



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Wednesday, April 25, 2007 1211.1 IQD

Thursday, April 26, 2007 1211.7 IQD

Friday, April 27, 2007 1208.4 IQD

Saturday, April 28, 2007 1211.4 IQD

Sunday, April 29, 2007 1209.7 IQD

Monday, April 30, 2007 1208.6 IQD

Tuesday, May 01, 2007 1211.7 IQD

Wednesday, May 02, 2007 1209.3 IQD

Thursday, May 03, 2007 1213.5 IQD

Friday, May 04, 2007 1208 IQD

Saturday, May 05, 2007 1206.1 IQD

Sunday, May 06, 2007 1205.2 IQD

Monday, May 07, 2007 1207.8 IQD

Tuesday, May 08, 2007 1206.7 IQD

Wednesday, May 09, 2007 1206.1 IQD

Thursday, May 10, 2007 1209 IQD

Friday, May 11, 2007 1199.3 IQD

Saturday, May 12, 2007 1199.9 IQD

Sunday, May 13, 2007 1198.7 IQD

Monday, May 14, 2007 1204.2 IQD

Tuesday, May 15, 2007 1195.5 IQD

Wednesday, May 16, 2007 1208.6 IQD

Thursday, May 17, 2007 1210.4 IQD

Friday, May 18, 2007 1197.3 IQD

Saturday, May 19, 2007 1197.4 IQD

Sunday, May 20, 2007 1196.5 IQD

Monday, May 21, 2007 1199 IQD

Tuesday, May 22, 2007 1200.1 IQD

Wednesday, May 23, 2007 1200.3 IQD

Thursday, May 24, 2007 1237.3 IQD

Friday, May 25, 2007 1236.5 IQD

Originally Posted by arstadinar

Trade officials stressed that the current security situation and political instability in Iraq means it is premature to talk about any timetable for accession. The first meeting focussed on political support for the Iraqi government, rather than the tough reforms it needs to make, officials said.

Heres a deeper one !! That sucks !!!.........so much for WTO any time soon .....

This is from Old skier!!__________________

I don't agree, Iraq doesn't have long to keep going the way it currently is. I have always felt a strong and prosperous economy will help improve security which will add momentum to a vibrant economy improving security even more creating a continual uptrend. I also think they are starting to get the message the world does not have indefinite patience and the day will come when various govts say enough is enough for continued financial support and aid they will have to play ball. And a personal hunch I believe there is a plan to try to use Iraq as a show piece for the rest of the middle east highlighting the benefits of a moderate democratic govt.

Originally Posted by arstadinar

Trade officials stressed that the current security situation and political instability in Iraq means it is premature to talk about any timetable for accession. The first meeting focussed on political support for the Iraqi government, rather than the tough reforms it needs to make, officials said.

Heres a deeper one !! That sucks !!!.........so much for WTO any time soon .....

This is from Old skier!!__________________

I posted the article in this thread ...

Originally Posted by shotgunsusie

GRABBIN YOUR FEATHERED A$$ UP AND KISSIN YOU RIGHT ON THE BEAK!!!!!

[COLOR="SeaGreen"]Barzani said he and Talabani had discussed the latest draft law by telephone with Prime Minister Nouri al-Maliki.

“We reached a final agreement,” Barzani said. “We accept the draft.”[/COLOR]
Wow, that article went un-noticed by me. H2O_Lover, thanks for the find and SGS, thanks for point that out.

Originally Posted by roycepsam

Anyone thinking the same thing here....!!

Announcement of new currency..Friday....by sunday RV announcement.....as they surely won't give us speculators more opportunity to gather more Dinars..on cbi opening again....come on RollsRoyce, SGS and others are we there yet..!! Sorry if I sound a little excited..!!

monday is a holiday in both the USA and the UK remember, BUT, "Make a note in your trading logs: The Currency Markets Do Not Take Holidays! " ... 1st on Forex: FX Markets Know No Holidays!

therefore, the banks wont be open on monday but the forex will be trading. and the cbi opens on sunday BEFORE the forex opens. will we see something before it hits the forex? i dont know, but i do say its hittin the forex!!