Thread: Iraq/Dinar News. 09/05 to 01/14/07

Today the House of Representatives 00 resumes sittings to complete the reading of the draft Territories
Baghdad / justice :
The president of the parliament, Mahmoud Almshahadani defer to the House meeting today, Wednesday, to complete the reading of the draft regions have seen Hall of the Chamber of Deputies yesterday, Tuesday, the Iraqi debate and argument between members of the Council on the draft law Non read two, which led the Board to resort to the legal committee for the good discussion

The proposal made some members of the Sunni Iraqi Accord list include the second reading of the law, which was drafted in the first reading on the 26th of last month all the proposals and additions made by some parliamentary blocs.

Objected the United Iraqi Alliance list of the proposal are required to continue the second reading without any additions.

She called the Alliance list all additions to the draft law, the proposals made by a number of parliamentary parties to another time and after completion of the second reading or accompany them if the draft law of the provinces under discussion before the members of parliament and submitted by the Alliance list and the Kurdish list has been s behind first drafted in a previous meeting

He suggested the Speaker Mahmoud Almshahadani referral of the dispute to the Legal Committee and the Committee of the Regions to solve the dispute and submit their proposals to Parliament.
In a later development committees decided to "read the bill, which was read as the first, with the inclusion of the controversial views of the project, provided that they were not in violation of the Constitution." The reservation list of consensus in the legal committee Salim al-Jabouri of the agreement.

Objected list consensus on the draft law and trying to read the first list to make significant amendments to the law which rejected attempts list of the coalition.

On the other hand, objected to the nomination list Kurdish Hussein Alvluji compatibility list for the chairmanship of the Non instead Zafer Al-Ani, who resigned earlier from his post as Chairman of the Committee. He said Fread Roandozi member of the Kurdistan Alliance list that Alvluji object to the nomination for the presidency of the Committee of the Regions, "because of statements Alvluji firearms against all ef Hut restaurants. " He added Raunduzi "We in the Kurdistan Alliance will not vote for Hussein Alvluji." He suggested Almshahadani Commission on Non meeting and the election of Chairman. According to a political agreement between the parliamentary blocs, the chief of the province's share of the list of the Iraqi Accord.

Translated version of http://www.aladala.net/home/

How, if at all, will the law the pres signed affect us as far as captitol gains. I don't remember the actual amounts that would be due, but it seemed it would favor us for a little while anyway? Figures the gov would want every penny they can sqeeze out of us.

Establishment of the first Iraqi company for bank guarantees

The aim of activating and intensifying the productive and service projects
Baghdad-Yasser incumbent
The banking sector, the establishment of the first Iraqi company for bank guarantees capital of five billion and 450 million Iraqi dinars. He said a member of the company's board of this company that includes 11 Iraqi banks, it is hoped direct activity late October and the current ensure small and medium loans ranging from five thousand to 250 thousand dollars.

He explained that the loan amount prescribed by the Bank based on a feasibility study provided by the beneficiary after the analysis of data and then the bank introduced the company which will, in turn, analyzed the data and information to ensure the acceptance of this project.
He stressed that this mechanism will contribute to achieve several objectives including the operation of the productive and service projects and the impact on the absorption of labor and contribute to tackling unemployment.
Board member pointed out that the company is encouraging female component of the project (sme) of small and medium-sized enterprises. Thus, the foundation for Aisthan in community capacity development in the center.
He said the Registrar of Companies had ratified the establishment of this company, which enjoys the support of the Central Bank. Iraqi, pointing out that a minimum of shares is 400 million dinars called other banks to join the company.
A member of the company also said that this achievement is also in the development of performance of banks and raise productivity through the launch of Qarawdhi to stakeholders and laboratories and companies.
It pointed out that the number of private banks in Iraq, the 24 banks had progressed significantly during the previous four years stressing the quest for the development of banking services in Iraq commensurate with the volume of activity expected after the launching of the construction and reconstruction of Iraq.
Member of the Board of Directors also confirmed that the company based its activity on international standards adopted and that the premiums paid dates outside Ha contexts where the old Governing Council had been informed of the nature and activity of the experiences of companies similar in Oman and Lebanon.
And that preparations are under way to prepare the size of banking, through changes in courses for credit officers on new ways of lending.
He concluded by pointing out that the loans were open : commercial and service sectors, productivity and industrial and agricultural. Thus, the company will operate and activate the performance of the productive and service projects stalled due to funding.

Translated version of http://www.alsabaah.com/

Originally Posted by Vipor

Ummmmm.... is this a monkey wrench???

This is the Catch-22 they find themselves in. They know what the value of their resources are, but they can't develop them fast enough. Foreign investors can develop them, but at the same time are competition.

Or maybe this is more analogous to Wal-Mart moving in to a small town. They put the small business owners out of business, but they end up working for Wal-Mart anyway?

Makki Mohammed Rdam

Exchange rate : a system for the exchange of various currencies in the local market, or world markets, The value of any currency certain proportion to the value of another currency, or currency certain proportion to other currencies. The determined value or price of such currency usually balance point in the process where international trade requires the use of national currencies linked to each different prices alleges b (foreign exchange rates Foreign Exchange rate) The market is also called (foreign exchange market)

It means the point at the intersection of the work with certain amount of the recipient of the demand.
The foreign exchange rates paramount importance in foreign trade, and to clarify this important Take, for instance, commodity x, where the price of the commodity (o, America) and the product (o, French) on domestic prices and foreign exchange rates, commodity impose that (o, Italian) were sold at a price of six dollars for the commodity while her French 40 FRF, then, according to the exchange rate in the 1980s, for example, when it was the equivalent of 10 French francs, the price of the commodity S. sold four dollars while the product sold (o. Italian) 6 dollars, which gives an advantage in the import of a difference in foreign exchange rates by two dollars for the benefit of the importer.
The foreign exchange market is the market in which they are exchanging currencies of the different countries where prices are foreign exchange and foreign exchange in all banks and institutions specialized in this type of work, as the leading markets in different parts of the world so that the value of hundreds of billions of dollars of currency every day.
The foreign exchange markets lexicon sector, Decreasing the price of one currency in relation to the currency or currencies of all the so-called value decline, The rise in the price of one currency against other currencies is called the increase in value, often confused expression (devaluation) with the change of the value decline, the devaluation of the currency in which the positions of the state to fix the exchange rate of their currencies against another currency or gold to the old and changed the price balance at the rate of the currency.
1-exchange rate system sibling
In this system is determined by the price and move flexibly and complete freedom and the influence of supply and demand and called zero share exchange, This is achieved when the government set a fixed price for the disbursement of its currency or take action for the purpose of the price – Any determined prices of currency sales and purchases made by individuals and business sectors, If we assume that the exchange rate of dollar equals 1500 dinars, and the Americans decided to increase Mstordathm commodities Iraqi example and this means that they will want larger quantities of the Iraqi dinar to the Iraqi purchase of goods, but the Iraqis have put much less of the dinar would result demand for the dinar to raise its price (and reduced the price of the dollar).
Two-fixed exchange rates :
Historically, The most important system for the fixed exchange rate is the base of gold, according to the rules of the States determine its currency against fixed quantity of gold, giving fixed prices between countries at the base of gold, if we assume that all people insisted that pays them gold, then will purchase goods and pay for it expressed Pmthsaid price of gold and accordingly will not have a problem in the exchange rate of foreign currency because gold will be the global commons, This example contains the essence of the rule of gold in gold, to become an exchange or currency of such time does not differ WTO on local trade will be only the difference in the weight of the coin (minimal-carat – Ounce).
Three-managed exchange rate
This system is the most dependent of the Staff of the former that the compromise between Monday and the value determined in the first place, according to market forces, but the government might change its monetary policy to influence the exchange rate, their intervention in the management of exchange rates in the foreign exchange markets, The intervention in the form of the government (the central bank) to sell and buy its own currency, as the case now for the value of the dinar as it is determined dinar rate of exchange against the dollar by presenting certain amounts of dollars for sale in the auction whenever the monetary authorities and the World
Central necessary.
4 - Bretton Woods system.
This emerged after the meeting of the States
Allies in 1944 at Bretton Woods, and agreed to a system of international financial transactions, Since then changed some rules of the exchange and become a gold against currencies adopted by the sole basis of value. the institutions created at Bretton Woods still play a role to this day, To replace the gold established the Bretton Woods system of price equivalent of each currency against both the dollar and gold, The exchange rates between currencies, the same way as if they were subject to the rule of gold for example, the pound sterling was offset by the equivalent of 12.5 pounds per ounce of gold.
5-exchange rate system modern Hybrid.
In the three decades that followed the Second World War the world used the dollar. Under the Bretton Woods system the dollar is the currency of the President, where most of the trade and finance are the dollar, The settlements are often also the dollar and equalize the exchange rates adopted the dollar and archived precautions government and private accounts, the dollar also was a period of growth and prosperity unprecedented.
The recovered economies of the countries of Western Europe and Eastern Asia, which suffered from war damage, and was growing at rates dramatically.
The 6-Hybrid contemporary
Contrary to the common system both in the light of previous gold or base Woods institutions that the exchange rate system is not suitable for any modern format and without careful planning of one, the world has moved towards the exchange rate system and features Hybrid Chairperson.
1-few countries to allow their currencies to swim freely as in the case of the United States in some periods during the past two decades, according to this method allows the state to the markets to decide the value of its currency and rarely intervene.
2 - Some countries have the exchange rate "managed" but flexible This group includes both of Canada, Japan, Britain, and under this system the state buy or sell the currency to reduce currency fluctuations daily Add to this that the state might be involved in some interventions studied to push the currency about what it believes is the appropriate level.
There are three Arab countries - particularly small ones linking its currency Chairperson of the currency or basket of currencies, in some cases, may be allowed to slip taro that the price upwards or downwards in a system known as the exchange rate creeping or slant.
4 - Some nations are involved together in the so-called (the logic of) his aim of achieving stability of exchange rates among themselves and at the same time allowing their currencies to move freely against other currencies of the world.
5-In addition, most countries have tended to intervene while both runs chaos in the markets or until graduation rates for the basic things, that is the appropriate exchange rates to the existing price levels and the flow of trade.

To critics, the fact that the dinar’s resale value relies on the enthusiasm of other speculators makes it little more than a collectible—or worse, the central element in an elaborate pyramid scheme. Jeffrey Frankel, a Harvard economics professor, calls the activity “pretend currency trading.” “I’ve received a large number of e-mails from people saying, ‘I understand you’re an expert on Iraq. Do you have any views? Can you advise me?’” he says. “I get the feeling that all these people doing this shouldn’t be. They’re little people, they don’t know what they’re doing, and they’re going to lose a lot of money.”

I have never been refered to as a "little person" but hey I guess there is a first time for everything. LOL
Guess I will have to get a Little M3 to overcome my feelings of infantismal worthlessness. Oh! the dreams I have in my 'Little Head'

So happpy that my parents instilled and fostered me to have Excellent self-esteem. That I do not judge myself by others uninformed veiws of who I AM, What I can Achieve, and what my life will bring to me through the Powerful Intentions, Right action, and the Law of Attraction.

To all my fellow 'little people' this guy Is definately a Republican.

'A narrow mind has a broad tongue.'

Marlene in NY

a Harvard professor a republican surely you jest ! the democrats have
built their entire platform on telling people you can't succeed without
goverment help. i would be willing to bet there are far more republicans that
believe in this investment and on this website than democrats.
bigred52

Originally Posted by Offshore-Wealth.com

Good question,

Personally, unless you were looking to invest indirectly in the ISX, there is little advantage of opening an account in Iraq. Technically speaking, the moment you do, the U.S. gov knows about it, this you can take to the bank, and even though you may not have had to supply a SS# to Warka, you can bet on it thay your bank you wired from has recorded such and as required by the Patriot Act, have sent off this transaction to government as is required with all related transfers to muslim countries, as in terrorist monitoring activities.

Not to be paranoid, but those who have opened an account and wired funds are now on a master list of potential terrorist supporters, like it or not. So in my opinion has always been to not open an account in any muslim country. Given this fact, it was not worth it given the only advantage was to invest in Iraqi stocks, even if profits were realized, I don't like the idea of being on the U.S. terrorist hit list. In time, we will all be able to do this without the same concerns, so from a personal stand point, I don't want Uncle Sam looking over my shoulder snooping on any of my private personal
fiancial information, it is bad enough we have to report income from all sources, so why would I want to be on a terrorist hit list?

Good luck to all, Mike

If we fly to the UAE after the dinar has revalued of course and cash in smallish amounts of dinar at a bank there, say under $10,000.000, would that be possible you think or would we need an account there? Also, I would be toooooooooooooo scared to go to Bagdad but how about visit the Kurds. It seems very peaceful there. What would be the result using the same proceedure as above for the UAE???? Maybe I am too far ahead of myself but I guess it is no less important a question than asking about an account at the Warka Bank. Hope you can give us a reasonable answer Mike or anyone in the know. (I am happy that the bananas are dancing again!).

Parliament-Investment
Iraqi parliament to vote on draft investment law on October 12
By Kawther Abdul-Amir
Baghdad, Oct 4, (VOI) – Iraqi parliament 42nd session was adjourned to Thursday after delaying a vote on a draft investment law till October 12.
The parliament in its 42nd session "discussed a draft investment law while a vote on the draft will take place on October 12," said Parliament speaker deputy Khalid al-'Atiah


Parliament-Investment :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by www.xealthy.com

To critics, the fact that the dinar’s resale value relies on the enthusiasm of other speculators makes it little more than a collectible—or worse, the central element in an elaborate pyramid scheme. Jeffrey Frankel, a Harvard economics professor, calls the activity “pretend currency trading.” “I’ve received a large number of e-mails from people saying, ‘I understand you’re an expert on Iraq. Do you have any views? Can you advise me?’” he says. “I get the feeling that all these people doing this shouldn’t be. They’re little people, they don’t know what they’re doing, and they’re going to lose a lot of money.”

I have never been refered to as a "little person" but hey I guess there is a first time for everything. LOL
Guess I will have to get a Little M3 to overcome my feelings of infantismal worthlessness. Oh! the dreams I have in my 'Little Head'

So happpy that my parents instilled and fostered me to have Excellent self-esteem. That I do not judge myself by others uninformed veiws of who I AM, What I can Achieve, and what my life will bring to me through the Powerful Intentions, Right action, and the Law of Attraction.

To all my fellow 'little people' this guy Is definately a Republican. (thought i smelled elephant poop)

A narrow mind has a broad tongue.'

Marlene in NY

RIGHT ON!!!