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

Little help please....What does this say. If it's saying that a bunch of people will get 10,000 dinar for some reason = $6.78, I can't see people being that happy about it. With a 1:1 I can.

10 thousand dinars for each citizen the occasion of Eid Al Fitr.
From Santa Mikhail
Baghdad - (Voices of Iraq)
A spokesman for the Iraqi government to Skinner that the Council of Ministers has agreed to pay 10 thousand Iraqi dinars every citizen occasion of the Eid al-Fitr holiday.
He pointed in a press conference today, Thursday, that the decision needs to approval by Congress to allocate the necessary budget.
He explained that the amount payable in the form of checks with the card gives Altmonier and disposal of the banks.
The price of the dollar in 1474 IQD.

ÇáÍßæãÉ-ãæÇØäæä-ÚíÏ ÇáÝØÑ :: Aswat al Iraq :: Aswat al Iraq

Sure this has been posted as it's so important so I'll post it again if anyone missed it. Noone minds repeating good news like this!!! A r/v has to take place before the below line....


Electronic trading

Implementing electronic trading expected to begin early next year.




The Completion of Draft law on Securities and Stock Exchange

05/10/2006
Source: Dar Al-Hayat

The Executive Director of Iraqi Stock Exchange, Taha Ahmed Abdulsalam revealed that a committee, consisting of the Iraqi Securities and Stock Exchange Staff completed the draft of securities law in Iraq, after consulting with a number of international experts, like the American Stock Exchange staff to make the Iraqi law specifications within the International frame, a fact and not only a slogan.

He pointed out that the draft is "complete" in the form that meets with the requirements of modern investment, electronic circulation, outside link, stock exchanges, the Arab and regional economies.

Electronic trading

Implementing electronic trading expected to begin early next year. Abdulsalam said that this system has important results in strengthening its ability to activate the potentials of investors and shareholders to benefit from its advantages. It will provide the possibility of opening the Iraqi bourse rooms in Kurdistan region as well as the central and southern governorates. He pointed out that the market has a plan that would include the possibility of registering non-Iraqi companies in the Iraqi Stock Exchange and Iraqi companies in Arab Stock Exchange.

Abdulsalam returned to Baghdad after an observation trip in Amman with a delegation from the bourse presided by Head of Trustees Talib Tabatabai. There, he observed the phases of implementing the electronic system by an international company. He considered the issuance of the new investment law which allows non-Iraqis to trade on the Stock Exchange as well as applying and using electronic systems, encourages and stimulates non-Iraqi circulation in the Iraqi market. This means the rise of market value of the shares due to the high demand and the increase of investors' incomes in the market as well as their wealth.

The executive director of the market said that the manual circulation adopted at the Stock Exchange, holding two sessions a week for two hours each and the continuing process of changing ownership from seller to buyer that takes two or four weeks, all prevent the buying investor from selling until after this period, while the electronic circulation allows the agents to trade through their offices in Baghdad and elsewhere. The Exchange could also be done during ten sessions within five days a week, divided into a morning session and an evening one, for two hours each. He pointed out that the investor who buys the shares in the morning session can sell them in the evening and visa versa.

He anticipated that the number of executed contracts, now 350, will increase hundreds of times after adopting the electronic system. This means achieving high fluidity of the circulated shares by perhaps up to 100%.

OK, I guess I misunderstood the statement. I thought it was NEXT sunday, not this coming sunday.

Originally Posted by shotgunsusie

next sunday is coming up in 3 days, 8th. next thursday is next week the 12th.

Originally Posted by Adster

Don't worry, when the time is right they'll be queueing up to get your business and it won't just be for 5k's worth!!! Who wants 1000 dinar on the fact they will change their policies after r/v?!

That's what me and a couple others finally decided. What bank would say they don't want my millions?

Originally Posted by opps50

OK, I guess I misunderstood the statement. I thought it was NEXT sunday, not this coming sunday.

in their lingo it is the very next one comin up no matter what week it falls on.

Originally Posted by readytogo

That's what me and a couple others finally decided. What bank would say they don't want my millions?

Exactly, read the sticky thread in the dinar section on 'Cashing in'. :0)

Why would they give away $15 000 if the dinar revalued. I think this was negative news

Originally Posted by frathousemicrowave

Little help please....What does this say. If it's saying that a bunch of people will get 10,000 dinar for some reason = $6.78, I can't see people being that happy about it. With a 1:1 I can.

10 thousand dinars for each citizen the occasion of Eid Al Fitr.
From Santa Mikhail
Baghdad - (Voices of Iraq)
A spokesman for the Iraqi government to Skinner that the Council of Ministers has agreed to pay 10 thousand Iraqi dinars every citizen occasion of the Eid al-Fitr holiday.
He pointed in a press conference today, Thursday, that the decision needs to approval by Congress to allocate the necessary budget.
He explained that the amount payable in the form of checks with the card gives Altmonier and disposal of the banks.
The price of the dollar in 1474 IQD.

ÇáÍßæãÉ-ãæÇØäæä-ÚíÏ ÇáÝØÑ :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by opps50

Why would they give away $15 000 if the dinar revalued. I think this was negative news

$15,000 is a drop in the bucket compared to what their neibors to the south (kuwait) get a month?

Explain why this would be negative news??

RAMADAN TIPS FOR THE MASSES!

Khameini: Don't masturbate during Ramadan

Iran's supreme leader answers questions on masturbation and other topics on his website

Yaakov Lappin Published: 10.04.06, 19:55

Deliberate masturbation during the month of Ramadan renders a fast invalid, Iranian Supreme Leader Sayyid Ali Khameini has ruled.


Khameini, who is Iran's most powerful political and religious figure, was asked on his website : "If somebody masturbates during the month of Ramadan but without any discharge, is his fasting invalidated?"


"If he do not intend masturbation and discharging semen and nothing is discharged, his fasting is correct even though he has done a ḥarām (forbidden) act. But, if he intends masturbation or he knows that he usually discharges semen by this process and semen really comes out, it is a ḥaram intentional breaking fasting," the Iranian leader said, posting the reply on his website.

Another reader asked: "Once in the holy month of Ramadan, I forgot to brush my teeth, and some tiny bits of food remained in my mouth. I swallowed the bits unintentionally. Do I have to perform the qaḍa (repent) for that day's fast?"

"If you did not know that some bits of food remained between the teeth, or you did not know that they would reach the throat, and they were swallowed unknowingly and unintentionally, then you are not liable to make (repent) of the fast," said Khameini.

'Drink water while standing'

On the website, Khameini also tells Iranians that only jockeys are permitted to gamble on horse races.


He is also asked whether it is permissible for a man to marry a woman only in order to be able to live in his wife's country. "Can a man conclude a marriage contract for a year with a European girl after getting her agreement with the purpose of going to her country?" A reader asked.

"There is no problem in that if they are serious in contracting marriage and it is done with her father's permission if she is virgin," Khameini ruled.

The Iranian leader also told readers they were allowed to "to drink water while standing" at nights. It was "not permissible" to take part in meetings attended by both men and women, he told another reader.

"In Islam's view, rulers and governments exist just to serve people and carry out works in the interest of the public and this is what God demands us, as authorities, to fulfill," Khamenei was quoted Tuesday telling Iranian President Mahmoud Ahmadinejad.

http://www.ynetnews.com/articles/0,7...311189,00.html
and on that note,,, im outta here!!

Originally Posted by opps50

Why would they give away $15 000 if the dinar revalued. I think this was negative news

How is Eid al-Fitr celebrated?
From Huda,
Your Guide to Islam.
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During the month of Ramadan, Muslims observe a strict fast and participate in pious activities such as charitable giving and peace-making. It is a time of intense spiritual renewal for those who observe it. At the end of Ramadan, Muslims throughout the world observe a joyous three-day celebration called Eid al-Fitr (the Festival of Fast-Breaking).
A. Eid al-Fitr falls on the first day of Shawwal, the month which follows Ramadan in the Islamic calendar. It is a time to give in charity to those in need, and celebrate with family and friends the completion of a month of blessings and joy.

Before the day of Eid, during the last few days of Ramadan, each Muslim family gives a determined amount as a donation to the poor. This donation is of actual food -- rice, barley, dates, rice, etc. -- to ensure that the needy can have a holiday meal and participate in the celebration. This donation is known as sadaqah al-fitr (charity of fast-breaking).

On the day of Eid, Muslims gather early in the morning in outdoor locations or mosques to perform the Eid prayer. This consists of a sermon followed by a short congregational prayer.

After the Eid prayer, Muslims usually scatter to visit various family and friends, give gifts (especially to children), and make phone calls to distant relatives to give well-wishes for the holiday.