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

The Minister appealed to the civil society for International Development to contribute to the building

(Voice of Iraq) - 07-10-2006 | This issue was sent to a friend

The Minister appealed to the civil society for International Development to contribute to building civil institutions in Kurdistan

In the framework of his visit to the Canadian capital Ottawa, The Minister of Territory for civil society George Mansour, visited the headquarters of the Canadian International Development (CIDA) and met with the coordinator of the Organization for Iraq and the Middle East Daniel Jolly and responsible program of the International Organization Sandra Giovanni, and a number of other officials.

During the meeting, the minister stressed the importance of Mansour to grant the International Organization area suitable for the implementation of the programs in Iraqi Kurdistan. because it has the Kurdistan region of a stable security and ground qualifies, if there is the potential, to be a model of economic prosperity and the civil society organizations, which reflects the fact provide a suitable democracy, This is consistent with the objectives of the international organization which seeks to contribute to building a world of security and enjoy the peoples inhabiting the equality and pluralism, the cross-fertilization of cultures.

The minister presented a series of proposals Mansour task to contribute to the dissemination of awareness and the culture of civil society in Kurdistan and accelerate to achieve constructive.

And in turn, thanked the guest coordinator of the International Organization for the visit and promising to study the proposals and to find ways to implement them in Kurdistan.

Sotaliraq.com

Great wall to seal off Iraq - World - smh.com.au

Great wall to seal off Iraq
Email Print Normal font Large font Harry de Quetteville
October 8, 2006


SAUDI Arabia plans to build a 900-kilometre, $700 million high-tech fence to seal off its troubled northern neighbour Iraq.

The barrier, which will snake across the long desert frontier between the two countries, is due to be completed in 2008. If built in Australia, the fence would easily cover the distance between Sydney and Melbourne.

Once complete, it will revolutionise security on a border where currently the best weapons in the fight against terrorists are 100 sniffer-dog teams.

"The feeling in Saudi is that Iraq is way out of control with no possibility of stability," said Nawaf Obaid, director of Saudi Arabia's National Security Assessment Project. "The urgency now is to get that border sealed - physically sealed," Outwardly the great desert wall will appear mundane, with two metal barriers running 100 metres apart, lined with barbed wire at the base and top.

On the Iraqi side, alarms will notify patrols if an intruder attempts to scale or cut through the fence. Between the two fences will be yet more barbed wire, piled in a tall pyramid.

But its effectiveness will rely on its more sophisticated or hidden countermeasures. Under the baking sand will be buried sensor cables relaying a silent alarm to monitoring posts at regular intervals along the border. At the posts, face-recognition software will process pictures relayed from cameras, which will also be able to operate at night.

Behind the line of the fence, command and control centres with heliports will provide bases for troops to respond to any alert.

"The costs are not going to be about just building the fence but equipping it too," said Mr Obaid, whose organisation advises the Saudi Government on security affairs.

For Saudi Arabia, terrorists and refugees from the conflict in Iraq are not the only unwelcome intruders.

"We suffer badly from illegal immigration, as well as the smuggling of drugs and weapons and even prostitutes," Mr Obaid said. "It is becoming a major issue."
Saudi Arabia's military is keeping some aspects of the fence under wraps. One source said the project was being kept so secret that military officials from Centcom, America's central command responsible for Iraq, have been told they cannot inspect the site on "national security" grounds.

Even spy satellites will not be able to unravel the fence's secrets. The source speculated the reason for the secrecy might be automated weapons systems attached to the fence that could fire on suspected intruders.

Mr Obaid said: "The fence is a fresh sign that key allies of the United States in the Middle East are resigned to worsening violence and the possible break-up of Iraq, where American intelligence agencies said this week that the continuing conflict fuelled global terrorism."

For Saudi Arabia, whose nationals have been accused of playing a key role in the Iraq insurgency, the deterioration in its northern neighbour is a security nightmare.

Saudi officials are worried about so-called "blowback", in which Saudi insurgents in Iraq bring jihad back to the streets of Riyadh and Jeddah.

But they are mostly concerned that an Iraqi civil war would send a wave of refugees south, unsettling the kingdom's Shia minority in its oil-producing east.

We'll show you . . you have more oil, we'll build a wall and throw stones over it

Maybe they can build a wall between the US and Mexico too!

Originally Posted by CharmedPiper

With all the news about Urgent moves needed to be made etc. How is it that the Iraqi government can't stand back and see the most obvious. It's like they have a lottery ticket with the winning numbers but they are afraid to cash it in .... the one thing that will start the ball rolling on economic, humanitarian, and crime control can be summed up in just a few words...

CURRENCY IS THE KEY TO CURBING THE INSURGENCY

IN SHORT....REVALUE YOUR CURRENCY....MAKE LIVING MORE PROFITABLE THAN DYING!!!

Interesting,

Exactly right, so obvious we all see it, yet they don't, another obvious reason is most on cabinet are illiterates. With the knowledge all of us have on the issues, we could go in and have it all resolved in weeks, not years, so who wants to volunteer? LOL

Good luck to all, Mike

I saw this at that other place.


As of now, there is just over 6 billion, thats right billion american dollars of iraq dinar value, in circulation. Is this not mere peanuts in the big picture of life. Think about it 6 billion is 1/10 of Bill Gates wealth. So in order for us to believe that the value of the Dinar will remain the same.
Someone like Mr. Gates could buy and control all of the Dinar with just 1/10 of his wealth. simple logic would tell you the Iraq leaders will never let this happen. I no longer consider myself a yeasayer, but an investor with a golden future. Correct me if I am wrong!

Originally Posted by zipper

It wouldn't surprise me if they didn't sit on their dinar and put their contracts in terms of US$ or euros. They they win BOTH ways.

Exactly,

The two deals in Kurdistan I have knowledge of are both based on dollar, so it will not have any impact when revalue is completed next week. Oh, did I say that? LOL

Good luck to all, Mike

Originally Posted by doublescorpio

Excited...are you kidding me....I am sitting here on the verge of soiling myself!!!!!!!!!!

Funny,

Now don't even think of using any of your dinars as toilet paper as so many naysayers had suggested over the past couple years. LOL

Good luck to all, MIke

Terrorists, militias are working to destroy Iraq - PM

POL-IRAQ-PM-TERRORISTS
Terrorists, militias are working to destroy Iraq - PM

BAGHDAD, Oct 7 (KUNA) -- Iraqi Prime Minister Nouri Al-Maliki said Saturday that terrorists, militias and the ignorant were working to destroy the country, pledging at the same time to carry on the rebuilding process of the troubled Sunni province of al-Anbar.

Al-Maliki's remarks came in a speech he delivered before the tribal conference of al-Anbar. "Dialogue and dealing with tangible evidence was the pedestal for national interest," he added.

"Al-Anbar province was living a marvelous epic, presenting a living example that we were all proud of, despite terrorist desperate attempts to pull it back into sectarian war," al-Maliki added in a statement.

Al-Maliki said that national reconciliation plans were the true means to bypass the security crisis of Iraq. He added that the holy month of Ramadan witnessed a plea to illicit Iraqi blood'.

The Iraqi top official determined three axis to rise up with al-Anbar security state of affairs. These axis were an agreement on a local government that would represent all parties, releasing fund for rebuilding al-Anbar and assigning national figures in security bodies. (end) ahh.

hb
KUNA 071937 Oct 06NNNN

This was posted on another forum by GoodKarma;



Coming soon!

--------------------------------------------------------------------------------

The Law

Article 10
Investors shall enjoy the following advantages [have the following
rights]:

To take out of the country capital brought into Iraq and returns on their
investment, in accordance with the provisions of this law, provided that
it does not conflict with the customs and tax laws and regulations, in a
convertible currency, after settling all their obligations and debts to the
Iraqi government and other entities.

"To open accounts in Iraqi or foreign currency, or both , with any
bank in or outside of Iraq for approved projects."

Article 11

"Non-Iraqi technical and administrative workers in any project may
transfer their salaries and other compensation abroad, in accordance
with the law, after settling their obligations and debts to the Iraqi
government."

Article 14
"Investors shall employ directly or indirectly a number of Iraqi
workers equivalent to at least 50 percent of the total number of
workers employed by the project, unless the Investment Board
deems otherwise appropriate for reasons related to the technical
specialty required, the nature of the work, or the geographical
location of the project"

(So what are these provisions trying to tell us? It's acknowledging the fact that the IQD will be fully convertible/internationally accepted to make the provisions I quoted above a reality!)

The customers:

Our clients
"Iraqi ministries represent the principal domestic clients to the Trade Bank of Iraq (TBI) particularly during this phase of reconstruction. The following is a list of these ministries and their contact information. Please communicate with these ministries with issues relating to your contract."

Ministry of Oil

Ministry of Electricity

Ministry of Health

Ministry of Foreign Affaires

Ministry of Trade

Ministry of Interior

Ministry of Education


The Supporting Casts:

#1
Operating Consortium
While Iraq engages the reconstruction process and rebuilds its credit standing in the global financial community. Five global financial institutions have partnered together to lend their support to the Trade Bank of Iraq (TBI) in its commencement of operations. Their primary role is issuing the letters of credit externally on behalf of TBI to global exporters. In addition, the consortium has provided TBI with the latest technologies and trade finance know-how. These banks have committed to stand by TBI until it is able to issue its letters of credit to world exporters on its own. These banks are:

JPMorgan Chase
Standard Chartered Bank
Australia & New Zealand Bank
Bank Millennium SA
National Bank of Kuwait
Internationale Nederlanden Group
Bank Of Tokyo-Mitsubishi
Calyon
HypoVereinsbank AG.
SanPaolo IMI S.p.A

#2

Participating banks
"In addition to the five Operating Consortium banks, a group of world-class banking institutions have joined the Trade Bank of Iraq Consortium as Participating Banks. These banks were selected for their geographic breadth, the strength of their trade finance franchise, and their commitment to doing business in the Middle East."

"Participating Banks further broaden the client base and global reach of TBI. The larger group of banks is also positioned to engage a wider circle of export credit agencies to provide coverage for exports to Iraq. These banks will also be engaged to line up financing during future phases of the Trade Bank. These banks will also form the nucleus of TBI's correspondent banking relationships."

Akbank TAS .................................................. ............................... (Turkey)
Bank of China .................................................. ........................... (China)
Bank of Tokyo-Mitsubishi .................................................. .......... (Japan)
Calyon .................................................. ...................................... (France)
DBS .................................................. .......................................... (Singapore)
Gruppo SanPaolo IMI S.p.A .................................................. ...... (Italy)
Internationale Nederlanden Group ............................................ (Netherland)
Millennium BCP .................................................. ......................... (Portugal)
Royal Bank of Canada .................................................. .............. (Canada)
Standard Bank Group Limited .................................................. .. (South Africa)
State Bank of India .................................................. .................. (India)
Vneshtorgbank (Bank for Foreign Trade) ....................... (Russia)
Woori Bank .................................................. .............................. (Korea)

#3

Export Credit Agencies
"In December 2003, the Trade Bank of Iraq secured over $2.4 billion in export credit facilities with over 18 Export Credit Agencies representing the largest economies in the world these include:"

Export Finance and Insurance Corporation (EFIC) ................................
Oesterreichische Kontrollbank Aktiengesellschaft (OEKB) .......................
Of fice National du Ducroire (ONDD) ..................................................
Export Guarantee and Insurance Corporation (EGAP) ............................
Eksport Kredit Fonden (EKF) .................................................. ..........
Euler Hermes Kreditversicherungs-AG (HERMES) ..................................
Nederlandsche Credietverzkering Maatschappij NV ( NCM) .....................
Servizi Assicurativi del Commercio Estero (SACE) .................................
Nippon Export and Investment Insurance ( NEXI) ................................
Office du Ducroire Luxembourg (ODL) ................................................
Inter-Arab Investment Guarantee Corporation (IAIGC) .........................
Export Credit Insurance Corporation (KUKE) .......................................
Compañia Española de Seguros de Credito a la Exportación (CESCE)........
Exportkreditnamnden (EKN) .................................................. ...........
Export Risk Guarantee Agency (ERG) .................................................
Export Credits Guarantee Department (ECGD) .....................................
Export-Import Bank (US EX-IM) .................................................. .....
Overseas Private Investment Corporation (OPIC) ................................

#4

"Citigroup, in cooperation with U.S. Overseas Private Investment Corporation (OPIC), intends to launch a $70 million structured credit facility that will allow the Trade Bank of Iraq (TBI) to issue Letters of Credit which would be confirmed by leading financial institutions. "

"The $70 million structured facility was arranged, structured and coordinated by Citigroup's Export and Agency Finance group."

"Mohammed Al-Shroogi, Corporate and Investment Banking Head for the Middle East at Citigroup, said: "We are determined to be part of reconstruction efforts in Iraq and we are delighted to contribute toward promoting trade under the leadership of TBI."

"The new facility comes at the heels of several other landmark transactions that Citigroup has lead in Iraq including the recent commercial debt restructuring on behalf of the Republic of Iraq, the launch of a $130 million OPIC partial guaranteed loan to support small and medium term enterprises in the Iraqi private sector, and the Prepaid L/C facility for TBI," the Citigroup announcement concluded."

(Ha! Small and medium businesses in Iraq use the IQD. Their customers are Iraqis!)

The Preparation

Anti-Money Laundering Training:
"Thirty bank directors and senior managers from private banks were trained September 10, as part of USAID’s Izdihar program, to understand their roles in combating money-laundering under the Iraqi Anti-Money Laundering Act of 2004. Preventing, detecting and reporting money laundering is an on-going responsibility for management and all bank employees. This training aims to establish appropriate anti-money laundering policies and procedures, roles and responsibilities, and official reporting channels."

Shahrastani : trying to establish the latest and largest oil refinery in Karbala
Saturday, 07-10-2006 19:31
Kh / m / 404
N / The Iraqi Oil Minister, Dr. Hussein Shahrastani visit
Threshold Husseinieh holy afternoon today, Saturday, October 7
In 2006, and was received by supervisors to manage the sacred threshold.
Writer : Non14


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Participants : 2250
Registration : Friday, 22-08-2003



In an exclusive interview with Dr. N. Khabri site pointed out that the Oil Ministry is seeking
Present for the signing of a contract for the development of the newest and largest oil refinery in Iraq in the Khan quarter
(20 km) east of the holy city of Karbala, to cover the need of the Furat
The oil derivatives in line with the increase in population of the (20) years to come, with the completion
Do not exceed (4) years. He added that the ministry was able in a short period of time Elimination
The fuel crisis that occurred in the previous period, in addition to the elimination of many
The smuggling operations, and to control the distribution and arrest the smugglers, stressing its intention beating
However, iron nails on the hands of smugglers and saboteurs, whether in the ministry
Or outside. It is noteworthy that Dr. Shahrastani paid a field visit to the mobilization stations
Fuel factor in Karbala and gas, were used to develop treatments for some of the immediate points
The vulnerability of oil installations in the city, in addition to that has been formed,
A separate section of the produce gas in the province.

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Evaluating rumors and those who kindly bring them to this forum. Since the distribution of the new IQDs there have been many rumors from many sources concerning the rv.

The people who hear the rumors and pass them along may very well get their info from the most inside sources at the very top. The thing to remember is that the initiators of said rumors may be passing along
bogus info. They do this for specific reasons, the most obvious is to cloud the issue with so much mis-information that when things are really going down people will not know what to think. When the "real" rumors hit the streets people won't act on them as they have heard it all before with out results.

So, just because someone posts a rumor that does not pan out
A. the person may still have legit contacts and B. the person probably sincerely believes the info. and is not necessarily yanking our chains

I personally am very interested in these rumors- because with as much news that is so kindly brought together for us we are better able than most to evaluate said rumors and determine for ourselves if we should go max out our credit cards to buy a few more million Dinar.

I was at a dinner party in D.C. (I grew up in Arl. VA) and I was talking to a gentlemen who was blabbing about something he had overheard Colin Powell talking about. I thought to myself, when they want something "leaked" all they have to do is make sure this loud mouth is in the room.

Finally, we are all in this together and we are all interested in seeing peace and prosperity prevail in Iraq, in the US, at our homes and here on this forum. So let us be peaceful and feel the prosperity of all the wonderful information and insight and news posted here. The observer effects the observed and we can set an example for others.

Thanks to everyone for the information and insight you bring and remember we are all very smart, insightfull and shrewd people for having recognized a great opportunity and invested in IQD's.

Peace,
Michael