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

Originally Posted by Adster

Now we await the hydrocarbon law and provinces law. But they're not as big as the FIL. Can see both of these being passed within the next 2 weeks......

Awesome news this morning! Can ya say Warm Fuzzies? Thanks again everyone for your diligents!

Originally Posted by Adster

Now we await the hydrocarbon law and provinces law. But they're not as big as the FIL. Can see both of these being passed within the next 2 weeks......

DO THESE OTHER LAWS HAVE TO BE PASSED BEFORE A R/V????? THANKS

http://64.233.179.104/translate_c?hl...D0%26thold%3D0

Voices of Iraq : Investment-law (the report)
Books : nakr2004 on Tuesday, October 10, 2006 2:07 PM-BT

The new investment law. The establishment of a national investment and granting foreigners the right to purchase shares
Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
Granting of the new investment law which was approved by the Iraqi parliament unanimously today, Tuesday, a large number of concessions to foreign investors such as the power to purchase the shares and management of investment portfolios. As provided for the establishment of a national body for investment, and investment projects granted tax exemptions of up to 15 years. The amended draft of the investment law, which presented to the House of Representatives yesterday, Monday, and got News Agency (Voices of Iraq), a copy of which independent, article 36. He agreed draft day all of the members who attended the meeting and 180 members.
The law passed by the parliament today on the formation of a body, the "National Authority for Investment," shall enjoy moral authority or represented by the President of empowered and be responsible for the formulation of the national policy for investment and the development of plans and controls and monitors the application of controls and regulations in the field of investment. Specialize the investment projects of the federal and administered by a board of directors composed of nine members, university professors, nominated by the Council of Ministers and head of the rank of minister and deputy chairman of the rank of Under-Secretary for five years and ratified by Parliament. the Prime Minister also appointed four general managers of the members.
The Act provides for the right of the House impeachment of the President or his deputy at the request of the Prime Minister and the Center Authority in Baghdad and appoint representatives to the regions and governorates.
According to the law, "to the regions and provinces in the territory of irregular composition of the investment in the areas under its control with powers granted leave investment and encourage investment and to open branches in areas under its control within the law in consultation with the National Authority for the investment to ensure that the legal requirements.
The regional and provincial bodies of seven members, including at least one president and his deputy, It also coordinate regional and provincial bodies to work with the National Authority for Investment in coordination and consultation with local governments with regard to plans and investment facilitation. He added the law "and accept the requests for clearance of investment projects less capital than the minimum established by the Council of Ministers, the Minister of the Territory, as the case may be issued under the proposal of the body to bring into approval by the Council of Ministers if the value of the project for $ 150 million."
The body will leave the applications projects in the period of less than 45 days from the date of submission of the application.
For the annual budget independent resources consist of the amounts allocated to it from the state budget.
The objectives of the law, saying that "The body aims to promote investment through the strengthening of confidence in the investment environment and the identification of investment opportunities and stimulating investment, promoting and simplifying registration procedures and leave for investment projects and the follow-up of existing projects and the priority given to them in Alang The presentations to the official bodies. "
One of the functions of the "completion of the procedures answer requests for investors and obtain the necessary approvals for the investor and the project and the establishment of a single window at the National Investment and other regions and provinces comprising delegates accredited by the ministries and members nominated by provincial and district councils according to the conditions and the relevant authorities of the relationship is the granting of leave and obtain approvals from other parties in accordance with the law in addition to providing advice to investors and to develop programs to promote investment in the different regions of Iraq to attract investors. "
, As well as facilitate the allocation of land required for setting up and letting projects without determined by the body to coordinate with the relevant agencies in addition to the work on the establishment of investment safe and free consent of the Council of Ministers. "
The Act further provides that the "facilities and the granting of loans to investors Iraqis that they operate manpower commensurate with the size of the loan value."
"Enjoy investor regardless of nationality Pjmba benefits and safeguards and is subject to the obligations contained in this Act and the Iraqi and foreign investor for the purposes of the draft population the right to land without jurisdiction speculation according to rules set by the Commission and with the consent of the Council of Ministers may ownership housing units to the Iraqis after the completion Almshro A. Under this law, the investor will enjoy the advantages of the capital, which get introduced to Iraq, and proceeds according to instructions of the Central Bank after the payment of all obligations. "
The law also gives foreign investors the "right of trading in the securities market and stocks and bonds in addition to the composition of investment portfolios in stocks, bonds and leases of land for the project or for the duration Almsatha where the investment project based on not to exceed 50 years, renewable for approval under body. "
"As well as the right of foreign investors in insurance companies, insurance on the project and the opening of the Iraqi currency accounts or foreign bank branches in Iraq or outside Iraq, this Act guarantees that the priority recruitment and use of personnel to the Iraqis in addition to granting foreign investors and foreign employees in enterprises Alast Marais right to stay in Iraq and to facilitate entry and exit to and from Iraq, in addition to ensuring that the confiscation or nationalization of the project except what comes in a sentence now. "
The law "and the resulting investor commitments since the notice by the territory or maintaining writing immediately upon completion of the installation of the project and the trade date of commencement of work, in addition to brief the documents, records and the feasibility study if requested. "
"And enjoy an investment project where projects have got leave from the investment exemption from taxes and duties for 10 years from the start of commercial operation of the project in accordance with the development areas identified by the Council of Ministers. The rise Sunni exemption if there was a contribution from an Iraqi and up to 15 years if the contribution Iraqi investors up to 50%. "
"It also enjoys the project holder of the exempt assets leave imported for the project from charges to be made within 3 years from the date of granting investment also exempt materials imported for the purpose of the expansion project of the fees to enter into a period of less than three years from the date of notification of the expansion project, and also exempt spare parts imported for the project from charges that the less the value of these pieces of the 20% of the value of the assets to the condition that the investor Aitasserv for purposes other than importing them. "
The granting of law "projects of hotels and tourist establishments, hospitals and health institutions, rehabilitation centers and educational institutions importing furniture, furnishings and supplies for renewal once every four years to be used in the project, If it is proved any sale of imports for the benefit of plants and exempt from customs illegally investor fees and taxes implications. " The Act contains general provisions to settle the disputes on the projects and financing methods as applied to the Iraqi addition to explaining the legal procedures for the granting of leave to the project.
Pertaining

Originally Posted by zugdor

DO THESE OTHER LAWS HAVE TO BE PASSED BEFORE A R/V????? THANKS

NOPE!

Got this from Safedinar.....hmmm! :-)

This e-mail is being sent to you to notify you that the Iraqi Dinar/U.S. Dollar exchange rate has changed. According to the Iraqi Central Bank website (Central Bank Of Iraq) the exchange rate has changed from:

1472/Dinars to the US Dollar

To

1471*/Dinars to the US Dollar

* as of 10/10/2006 5:16:11 AM CST as per Central Bank of Iraq website

Currency Converter

wow, yesterday EURIQD was 1855 today 1842. seems like a big change in a very short amount of time.

Books : dhrgham on Tuesday, October 10, 2006 2:52 PM-BT
The trade last week of Ramadan for the receipt of a grant of Eid Al Fitr.
Baghdad - (Voices of Iraq)
The Ministry of Trade today, Tuesday, the last week of Ramadan, the date for the exchange Eid grant approved by the Council of Ministers and of ten thousand dinars distributed according to each individual controls the ration card.This came in a meeting chaired by the Minister of Trade, Dr. Abdel Hassan Sudanese farmer for a number of director generals ministry.
A statement issued by the ministry today received news agency (Voices of Iraq) independent copy of the minister stressed that every effort should be made to bring the amounts to the citizens before the Eid al-Fitr holiday, The process should be transparent and tangata dig
dignity citizen does not impose levies to humiliate him, This can be done through the cooperation of the regulatory, administrative and coordination with the municipal councils and district councils to develop a plan to allow work in a spirit of the group for the success of the distribution process within the specified time and reasonable.The Sudanese, according to the statement, the ministry found that the option of distribution through agents of foodstuffs that the best and easiest way, He added that there were instructed today to the joints ministry in Baghdad and other governorates, where all our citizens need to respect and appreciation of the present circumstances and offer him during the process of distribution.
The Minister of Commerce, said that his ministry had begun coordination with the Ministry of Finance and the Central Bank of Iraq, the Ministry of the Interior in order to receive the amount of the grant, which was estimated at (300) billion Iraqi dinars.The Cabinet had decided last week to pay the amount of ten thousand dinars each citizen the occasion of Eid al-Fitr.

Council of Ministers-to the media all

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

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations

Press Release Press release /
Tuesday 10-10-2006

Media

To the media all

Greetings

We wish to inform you that the official spokesman of the Iraqi government to Dr. Skinner held a press conference on Thursday, 10 - 12-2006 one p.m. at the Palais des Congrès.

With appreciation ...
Sotaliraq.com

Speaking to someone elsewhere who thinks Skinner is a translated name for Shabibi. Could be, not seen it myself, but if so makes it even more interesting....

Originally Posted by Adster

Council of Ministers-to the media all

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

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations

Press Release Press release /
Tuesday 10-10-2006

Media

To the media all

Greetings

We wish to inform you that the official spokesman of the Iraqi government to Dr. Skinner held a press conference on Thursday, 10 - 12-2006 one p.m. at the Palais des Congrès.

With appreciation ...
Sotaliraq.com

Speaking to someone elsewhere who thinks Skinner is a translated name for Shabibi. Could be, not seen it myself, but if so makes it even more interesting....

Kiron K. Skinner. He is/was a foreign policy advisor for the US

Is the ISX open every day now, or are they still on the couple days a week program still?