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

Don't know if this was posted yet. Translated version of http://www.inciraq.com/Al-Mutamar/2006/1201_1300/1210/061008_1210_1.htm


President of the Chamber of Deputies Mahmoud Almshahadani yesterday with Deputy Prime Minister for Economic Affairs Barham Salih economic conditions and the ways to inspire and promote expressing his belief issuance of the investment law this week. A statement issued by the Office of the President of the House of Representatives said that the meeting focused on the investment and general budget for 2007 and the International Decade for the support of Iraq.

The statement quoted Saleh reaffirmed the importance of the investment law to transform the Iraqi economy to a free economy and encourage investors and companies and foreign capital to invest in Iraq, expressing hope in the bill passed by the House of Representatives at the earliest. The Iraqi Parliament last week discussed the draft law and the reasons for the investment and the issue of supporting the establishment of investment projects in Iraq and the expansion and development at various levels to push the economic development process, develop and define the privileges and exemptions for these projects. The benefit to the general budget for 2007 and the doors spent explaining it would be different from the previous years in terms of magnitude and priorities. He stressed the government's approval of the new peace grades aimed at raising the standard of living of its staff and grant approval to pay for the whole Iraqi people on the blessed month of Ramadan and the Eid Al Fitr and raise draft resolutions to the House for approval and adoption of the necessary financial allocations. Participated Almshahadani favor of opinion on the importance of the investment law, pointing out the seriousness of the ongoing discussions around by the members of the Council and sign it next week.

Originally Posted by texaslonghorns

I am set on $1.47. It fits to nicely in our little reval scenerio.

1472 current rate -- move decimal 3 places you get 1.47

.00068 current rate-- remove 3 zeros you get 1.47

Jordan rate-- $1.42 (alot of gasoline smuggling going on here)

Very easy to change prices in all of the stores. Just add a decimal point.

I need clarification on this. According to what you posted the current rate is 1472.

This means 1472 Dinar = 1 USD correct?

If you move the decimal three places to the left, you then have:

1.472 Dinar = 1 USD (A)

Working from the other end of you example we have .00068 USD = 1 Dinar

Since we are working from the opposite exchange rate, the decimal in this instance mooves three places to the right giving:

.68 USD = 1 Dinar (B)


Examining A and B from above, we see that they correspond to an equivalent exchange rate.

The exchange rate for one Dinar wouldn't be 1.47USD, but rather .68USD in your example. Either way, I'm a happy man at that point......

Unfortunately, I think they would be more inclined to zero lop rather than do a simple decimal move like this.

Originally Posted by Pimpmaximus

Unfortunately, I think they would be more inclined to zero lop rather than do a simple decimal move like this.

Why do you support a zero lop?

Hopefully you mean zero raise. It has been said many times there will be no zero lopping.

Originally Posted by frathousemicrowave

Don't know if this was posted yet. Translated version of http://www.mpfweb.org/Iraqipaper.htm

President of the Chamber of Deputies Mahmoud Almshahadani yesterday with Deputy Prime Minister for Economic Affairs Barham Salih economic conditions and the ways to inspire and promote expressing his belief issuance of the investment law this week. A statement issued by the Office of the President of the House of Representatives said that the meeting focused on the investment and general budget for 2007 and the International Decade for the support of Iraq.

The statement quoted Saleh reaffirmed the importance of the investment law to transform the Iraqi economy to a free economy and encourage investors and companies and foreign capital to invest in Iraq, expressing hope in the bill passed by the House of Representatives at the earliest. The Iraqi Parliament last week discussed the draft law and the reasons for the investment and the issue of supporting the establishment of investment projects in Iraq and the expansion and development at various levels to push the economic development process, develop and define the privileges and exemptions for these projects. The benefit to the general budget for 2007 and the doors spent explaining it would be different from the previous years in terms of magnitude and priorities. He stressed the government's approval of the new peace grades aimed at raising the standard of living of its staff and grant approval to pay for the whole Iraqi people on the blessed month of Ramadan and the Eid Al Fitr and raise draft resolutions to the House for approval and adoption of the necessary financial allocations. Participated Almshahadani favor of opinion on the importance of the investment law, pointing out the seriousness of the ongoing discussions around by the members of the Council and sign it next week.

"President of the Chamber of Deputies Mahmoud Almshahadani yesterday with Deputy Prime Minister for Economic Affairs Barham Salih economic conditions and the ways to inspire and promote expressing his belief issuance of the investment law this week".

I interpret this as a present/ future tense comment of what is going to happen this week. Your title line implies that it has already passed, IMHO. I don't believe it has yet, although it wouldn't hurt my feelings if it did.

Originally Posted by dinarminar

"President of the Chamber of Deputies Mahmoud Almshahadani yesterday with Deputy Prime Minister for Economic Affairs Barham Salih economic conditions and the ways to inspire and promote expressing his belief issuance of the investment law this week".

I interpret this as a present/ future tense comment of what is going to happen this week. Your title line implies that it has already passed, IMHO. I don't believe it has yet, although it wouldn't hurt my feelings if it did.

I think they meant "to be issued this week"

Originally Posted by dinarminar

"President of the Chamber of Deputies Mahmoud Almshahadani yesterday with Deputy Prime Minister for Economic Affairs Barham Salih economic conditions and the ways to inspire and promote expressing his belief issuance of the investment law this week".

I interpret this as a present/ future tense comment of what is going to happen this week. Your title line implies that it has already passed, IMHO. I don't believe it has yet, although it wouldn't hurt my feelings if it did.

Sorry bout that...Try the new link in that post, that is the headline the article has.

I can't say it enough but it is a real pleasure to read all the posts from everyone and to see how much time and effort is put in the news, research to reach our goal.

When I bought my dinars one year ago i bought them for a long term investment 5 years minimum, that's what I said to myself. I could not dream about that we are already at the finish.

With the pressure of the world, the FIL passing one of these days and a Hydrocarbon Law on the table we know that there is a RV coming and a good one.

The most difficult for me is that the puzzle is complete that we know it is going to happen but we don't know when it will be.

In the mean time we are waiting and that is killing me.

I personally hope that if it happens, we all stay on this forum to discuss tax matters and new investment opportunities like the Dong.

Together we are strong and we can go all around the globe with the knowledge on this forum!!

Hang in there, we are soooooooooooooooo close!!!!

Originally Posted by boogirl

Why do you support a zero lop?

I don't believe I stated anything like that in my post. I believe that if it came down to taking one of the aforementioned actions, they would be more likely to simply lop zeros. This in no way indicates that I support such a move..........

Originally Posted by Pimpmaximus

I don't believe I stated anything like that in my post. I believe that if it came down to taking one of the aforementioned actions, they would be more likely to simply lop zeros. This in no way indicates that I support such a move..........

I think that was more of a question as to why you believe they would lop zeroes instead of moving decimal places.