Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Originally Posted by Seaview

I haven't misunderstood anything. I know it is an opinion. I think you misunderstood what I am conveying.

Forgive me but you are misunderstanding the point. The word of Mr. I here is NOT his opinion but rather information received from a Committee Member. So accepting this info does not mean a person is accepting Mr. I's opinion on anything.

i just seen on fox news bush will be speaking around 11 am est i didnt see on what though perhaps we can keep our fingers crossed,i was thinking the other day with this global economy and the recent collapse of the stock market does this also increase the pressure on iraq to speed things up as some have said the reval will pay for the war and be used to bring down defficits and create stability in the economy again,just a thought because like it or not this is a global economy and what happens in other places around the world impacts us greatly

Originally Posted by Jola

I wanted to answer this concern. I looked up the law at iraqipresidency.net

Translated version of http://www.iraqipresidency.net/index.php?language=arabic

and :

Article (36) : the law is implemented from the date of its publication in the Official Gazette.

Good enough for me...thanks

The CEO of the Iraqi Businessmen Union announced that Arab and foreign investors are now allowed to enter the Iraqi securities market and invest up to 49 percent in the shares of listed Arab companies, Alkhaleej newspaper reported.

According to the newspaper, the CEO added that the management of the stock exchange is expected to prepare the financial and administrative rules establishing a special section for Arab and foreign investors.

Experts have said that the move is vital to the improved development of the Iraqi financial market.



http://www.iraqdirectory.com/files/a...article462.htm

Originally Posted by wciappetta

Forgive me but you are misunderstanding the point. The word of Mr. I here is NOT his opinion but rather information received from a Committee Member. So accepting this info does not mean a person is accepting Mr. I's opinion on anything.

Again - I got it the first time. Lets not go back and forth. You are still missing my point - but I can live with that.

Originally Posted by Seaview

Again - I got it the first time. Lets not go back and forth. You are still missing my point - but I can live with that.

Me too.....

Originally Posted by wciappetta

I believe it might be possible for a thrity day delay for enactment. Of course I'm not sure but if I use the Gas law as a model the last feature discussed is enactment :

"This Law enters into force 30 days after publication in the Official Gazette."

This part was struck from the gas law perhaps with the FIL it is not. It just might be a general procedure clause.

I remember seeing a copy of the HCL draft ( I will look for the link) and on the last page (I think page 39 or something like that but it was the last page) article 43 (again I am going by memory) where it stated at the end of the HCL document that once published in the Gazette it would be 30 days BUT..... THE 30 DAYS ON THE DRAFT I SAW WAS CROSSED OUT. So, if the final copy is the same as the draft then possibly the 30 days is not in effect and can be in effect immediately....I will go look for the link.

Ok, let's weigh this up. On the one side, the above article and others stated in the last 3 or 4 days that paperwork still had to be done. Also Mr I stated it would be enacted next month after speaking to a committee member. And it is possible a stipulation can delay the enactment as posted last page/30 day enactment.

On the plus side it is in the Gazette (not disputing Jola but not seen it myself yet) and there is a big meeting tomorrow. IF the above has been worked out in the last day or 2 and this is implemented I'd be shocked knowing how slow they are..........

Just wanted to give everyone a heads up (if you don't know already) that Warka will not executing any stock Orders this Wednesday, March 7.
Next chance to pick up shares will be Monday, March 12.
See email below..............


Dear Mr. Xxxxxxx,

Please note that your order will be executed at Monday’s trading session dated 12th of March 2006 as my department will have its meeting with our board of directors this Wednesday.

Once your order has been executed and we have completed our working procedures full details will be provided to you by my ISX department.

Best regards,

Mr I
Manager
International Foreign Relations Dept.
__________________

Iraq sets provincial oil production quotas
Iraq sets provincial oil production quotas
UPI - [06/03/2007]
The Iraq Oil Ministry will set production quotas for provinces to ensure oil revenue sharing, though the effects of war still hamper the vital oil sector. "Each province will be notified of its weekly quota to guarantee fair sharing," Oil Minister Hussein al-Shahristani was quoted in a ministry statement. In order to redistribute oil revenues to the entire country by population, a move more likely after a recent tentative agreement on a hydrocarbons law, the provinces will be relied upon to keep oil production at a certain level to guarantee they receive money, the Voices of Iraq news agency reports. Iraq has 115 billion barrels of proven oil reserves and produces about 1.7 million barrels per day, though that's nearly a million before prewar levels. Development of its struggling oil sector has been hindered by the current violence and lack of security, as well as the absence of a law governing the country's hydrocarbons sector. Last week, the central government and Kurdistan Regional Government agreed to a draft of a law that outlined the role of each in developing oil resources. Attacks, the lack of investment and inconsistent supplies of electricity are hampering both production and refining, keeping provinces from hitting quotas. "The ministry was using the pre-planned system to distribute oil products over the Iraqi provinces but due to sabotage and technical glitches there was a gap between the planned amount and the actual distributed amount," Shahristani said.

Originally Posted by Adster

Ok, let's weigh this up. On the one side, the above article and others stated in the last 3 or 4 days that paperwork still had to be done. Also Mr I stated it would be enacted next month after speaking to a committee member. And it is possible a stipulation can delay the enactment as posted last page/30 day enactment.

On the plus side it is in the Gazette (not disputing Jola but not seen it myself yet) and there is a big meeting tomorrow. IF the above has been worked out in the last day or 2 and this is implemented I'd be shocked knowing how slow they are..........

Just wanted to give everyone a heads up (if you don't know already) that Warka will not executing any stock Orders this Wednesday, March 7.
Next chance to pick up shares will be Monday, March 12.
See email below..............


Dear Mr. Xxxxxxx,

Please note that your order will be executed at Monday’s trading session dated 12th of March 2006 as my department will have its meeting with our board of directors this Wednesday.

Once your order has been executed and we have completed our working procedures full details will be provided to you by my ISX department.

Best regards,

Mr I
Manager
International Foreign Relations Dept.
__________________

That last note from Mr. I says March 2006. Or is it in error?