Thread: Huge News On Dinar

I AM BACK AND SORRY FOR NOT BEING HERE FOR A WEEK, I HAVE BEEN WORKING ON A HUGE MERGER WITH MY COMPANY AND I AM BACK HER WITH ALL MY FRIENDS. I STILL STAND BEHIND WHAT I SAID IT MIGHT BE OFF A FEW DAYS BUT I STILL KNOW IT IS TRUE. PEOPLE READ THE LAST ARTICLE THAT I READ FROM DINAR TRADE LATEST NEWS. READ THE LAST PARAGRAPH EVEN THE GOVERMENT WANTS THE DINAR TO GO UP!!!!!

An Urgent Need to Reconsider the Economic Laws

Unadim Kana, deputy chairman of the Economic Committee of the House of Representatives unveiled the intention to hold intensive meetings with a number of academics, economists and businessmen in order to get acquainted with the real need for appropriate economic laws
The ongoing process of economic transformation in the country in order to draft laws formula developed and approved in Parliament.

We explained in an interview with the ((morning)) that there was an urgent need to review all the laws of an economic nature in effect, reconsider or modify to make them consistent with the process of transition from a totalitarian central economic system into a market economy.
He said in this context : that the priority in legislation headed to the issuance of the Investment Law No. 13 of 2006, which is a cover and an impregnable wall of the laws and provide other economic investment in all aspects of life except insurance companies, banks, oil and gas.
He attributed the non-activation of the investment and the reluctance of Arab and foreign investors to enter the arena of investments in Iraq to the consequences of the security situation. In that regard, affirmed the need for Iraq to 300 billion dollars over the next ten years for reconstruction according to statistics and studies prepared by the United Nations. Unadim Kana, and stressed the need to create the best investment environment and the activation of the private sector and the departure of total reliance on government spending, pointing out the importance of benefiting from the experiences of many countries in the the investment proved successful significantly.
With regard to the investment budget for 2007, described by observers Balanfjarih identified Vice Chairman of the Economic Committee in the House of Representatives three real obstacles to implementation ((the first parameters of the security and the second financial and administrative corruption that affects organs of the State and the third case of marginalization of the left and scientific expertise because of the obvious signs of partisan and sectarian received shadows on the political scene, governmental and ministerial)), calling in this direction to the adoption of professionalism and efficiency in the selection of technical and administrative positions in all organs of the State. Stressing the need for the return of competencies and minds abroad outside of the country because of such precursors. He called for completion of the routine, which he described Balmmelh and impeding the progress of the implementation of investment projects and to give wider powers of the ministries and departments concerned and not restrict them to the Council of Ministers with the emphasis on accountability and follow-up of negligence hand, and to honor the artists on the other.
With respect to the oil and gas, described this law Balmahm and influential in the economic process for the adoption of the entire budget on oil imports, or 95%, pointing to the existence of loopholes by saying excessive powers specific to the regions and the oil-producing provinces which raise the sensitivity of the other governorates non-oil producing anticipated action amendments anticipated some of the paragraphs of the law.

He referred in this regard to the need to use the expertise and competencies of the Iraqi workforce in the oil sector to take advantage of the views and observations of professional effort to pass a law to Aitakata with the national interest to make Iraq will be able to raise the productivity and efficiency of the extraction of oil and gas and we praised advocating monetary policy by the Central Bank of Iraq seeking to reducing inflation. He pointed out that this policy will bear fruit in future. He called for patience and understanding of the nature of this policy, which will be reflected positively on its own terms the Iraqi economy. Stressing that the economic committee in the House of Representatives working to support and encourage this policy, which seeks to restore the health and strength of the Iraqi dinar and the elimination of the dollarization phenomenon and to make the Iraqi dinar an actor in cash transactions that govern markets. He alluded to the existence of other economic laws are being talked about in the near future will be the way to legislation is the law of insurance companies, banks and the Banking Act and the Regulation of the private sector.

Already posted in the news thread.

It is always exciting to share great news! Congratulations on the success of your company and its merger.

I have moved your Thread to the Correct Forum.

Go Danny Go Danny Go! Welcome back! You can send us some news, Rumors or whatever any time you wish! We are all looking forward to the dream to come true!

What I am hearing is that as early as Friday an announcement might come out of a RV of .05. What I also am hearing anytime between the 24th of April and May 4th news of a RV will come out before the conference. I will give my opinion of what will happen, I think a RV has to happen, I feel it will me before May 4th, and I also feel that a RV of .05 is more likely than a RV of 1.00 at first because the government of Iraq wants to put out as little money as they can. So if this RV happens at .05 then smart money comes in and buys it up to .33-1.00 they can match buys and sell together and it will cost Iraq nothing to RV there money. Rumors are that but everything I have stated has happened except the timing and no one and I mean no one knows the exactly when it will happen except Iraq!!!!

Originally Posted by DANNYDINAR

What I am hearing is that as early as Friday an announcement might come out of a RV of .05. What I also am hearing anytime between the 24th of April and May 4th news of a RV will come out before the conference. I will give my opinion of what will happen, I think a RV has to happen, I feel it will me before May 4th, and I also feel that a RV of .05 is more likely than a RV of 1.00 at first because the government of Iraq wants to put out as little money as they can. So if this RV happens at .05 then smart money comes in and buys it up to .33-1.00 they can match buys and sell together and it will cost Iraq nothing to RV there money. Rumors are that but everything I have stated has happened except the timing and no one and I mean no one knows the exactly when it will happen except Iraq!!!!

I do not think that any Dinar held outside of Iraq will make it back to the CBI for a long time regardless of what they RV at, Governments, Banks, Oil companies and institutional investors will be buying up all the dinar they can get their hands on, it would be better for Iraq to RV at the highest rate possible right from the start.

Arco

Originally Posted by Arco

I do not think that any Dinar held outside of Iraq will make it back to the CBI for a long time regardless of what they RV at, Governments, Banks, Oil companies and institutional investors will be buying up all the dinar they can get their hands on, it would be better for Iraq to RV at the highest rate possible right from the start.

Arco

Good point Arco. Banks can be accused of many things, but being stupid isn't really one of them!

They will understand that the Dinar is a good buy.

Lets just get back on track everyone. The rates may be different for the rumors, but the dates are pretty much the same. ANY info we get, rumor or otherwise is appreciated by most. Thank-you DD.

Now back to our regular scheduled RV discussion.

Gloribee

Originally Posted by Gloribee

Lets just get back on track everyone. The rates may be different for the rumors, but the dates are pretty much the same. ANY info we get, rumor or otherwise is appreciated by most. Thank-you DD.

Now back to our regular scheduled RV discussion.

Gloribee

You got a point GB. Thanks Just show me the money!