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

AGAIN AIN'T NO SUCH ANIMAL AS A REPUBLICAN PROFESSOR AT HARVARD

UTTERLY RIDICULOUS ! ! back to dinars

Ok, we are looking for the FIL to be voted on the 12th, next week

Does that automatically mean that it will be passed? I guess so

Does the reval have to take place before the FIL is passed? Yes we have agreed on this, I don´t think we have anything concrete but anyway

Do they have to do a high reval? I guess no, but it will be better for us

if they move the decimal point 3 steps it will around 1,4 to 1,5 dollars.

Sounds great, but unbelievable. I have always pictured myself as poor, my destiny

Originally Posted by zipper

This is why you want to have a tax attorney. I would have interpreted 'notes' as instruments such as promissory notes. But that's just me guessing.

I agree that it includes promissory notes, but strictly interpreted, that is the definition of a currency. I'm not really sure how the IRS would interpret it...Actually, I know that the IRS would at least try to interpret it in the manner most favorable to themselves!

Parliament says that there is considerable misunderstanding about the investment law, currently being discussed in Parliament

Deputy Iraqi List Mahdi Al-Hafiz that there is considerable misunderstanding of the members on the investment law, currently being discussed in Parliament. He added Hafiz, a member Economic Committee of the House of Representatives, "The investment law was designed to encourage foreign investment because the national investment in the country is regulated by the state law where could the establishment of a company which wants to build on the law in Iraq." Pointing out that "the aim of the legislation is to bridge the investment needed to finance Iraq because the country depends on imports for oil, which is suffering from financial burdens, the debts and compensations must be paid in addition to the cost of reconstructing Iraq." Hafiz stressed that "the Iraqi economy suffers from backward agriculture, industry is also dependent on import."


NOAA
10/4/2006

dont know if we had this one yesterday or not. im still not so sure this isnt the hydrocarbon law. its the one dealing with IMPORTING OIL INTO THE COUNTRY. the foreign investment law might be required for it but the fil doesnt deal with importing hydrocarbons specifically. the importation of oil is considered in the hydrocarbons law.

Originally Posted by Webster

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!).

Dubai has numerous currency exchanges but I can't say what the maximum exchange limit is for each shop. Currency can be exchanged at several places because records aren't kept re: name, etc so transactions couldn't be tracked.
Dubai will not allow you to open a bank account without a UAE work permit but there are two American (BoA and Wells Fargo I believe) banks and one Canadian (Scotia) bank. With all the out of country residents living in the UAE there would have to be some provisions made for non-resident banking.
You wouldn't be able to enter Iraq without a military escort and they wouldn't allow it for personal business anyway.

Originally Posted by shotgunsusie

its my fault. i thought the investment law they were talkin about was the oil one since they never called it the foreign investment law but i can see from adsters post earlier that indeed it is the fil.

Originally Posted by Dr. Mike

Thanks for explaining and all the info.

ive changed my other mind ... http://www.rolclub.com/115668-post906.html

Originally Posted by shotgunsusie

dont know if we had this one yesterday or not. im still not so sure this isnt the hydrocarbon law. its the one dealing with IMPORTING OIL INTO THE COUNTRY. the foreign investment law might be required for it but the fil doesnt deal with importing hydrocarbons specifically. the importation of oil is considered in the hydrocarbons law.

maybe we are over thinking it. Maybe these 2 articals are completely seperate and both the FIL and the HCL will be discussed and signed on the 12th. Just a though, but a pretty good one. (Insert patting myself on back icon here)

Shahrastani directs the conclusion of new contracts to import additional quantities of kerosene to the city of Baghdad

Instructed Minister of Oil (Hussein Shahrastani) to a company of Iraqi oil exports (SOMO) to conclude new contracts to import additional quantities of kerosene for the city of Baghdad following the bold implementation of the contract with Iran provides for importing two million liters of white oil per day. " A spokesman for the Ministry of Oil Assem Jihad, "There are administrative procedures p I Zorbatiyah border crossing prevented the implementation of the contract with Iran is true, , which demonstrated the need to import quantities plan covers games for the distribution of kerosene. " He added that Jihad (SOMO) will start contacts to discuss who will import and details of the contract, He pointed out that the intention is within the winter to be the distribution of oil to families within their areas of cooperation with the Council of the province of Baghdad.


NOAA
10/4/2006

Radio Nawa

ok, how in the h, e, double l are they importing hydrocarbons BEFORE a hydrocarbons law is passed and enacted?

Originally Posted by celilo

I agree that it includes promissory notes, but strictly interpreted, that is the definition of a currency. I'm not really sure how the IRS would interpret it...Actually, I know that the IRS would at least try to interpret it in the manner most favorable to themselves!

Horray!
Not only am I a 'Little Person' - but guess what

$$$ I got a lot of 'Little Notes' $$$

and to think i gots me edjmaction at a CUNY!

Originally Posted by zwhatimsaying

maybe we are over thinking it. Maybe these 2 articals are completely seperate and both the FIL and the HCL will be discussed and signed on the 12th. Just a though, but a pretty good one. (Insert patting myself on back icon here)

<inserting an 'AS IF' emoticon in here>

lol