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

It feels like ppl have forgot the rules on this thread!!
Please read it again so i dont have to remove and delete posts!

Thank you

Originally Posted by Texas_Tea

I was just thinking, even if they do RV and give the citizens 10k dinars. Must remember that they intend to adjust prices in Iraq as well. Iraq is a mess and I think 10k is a good pay off to get their lives back together. Does anybody know what the pay off was for the citizens of New Orleans who was victims of katrina who got mis placed? I am sure they recieved some kind of card that paid out cash and also assistance with housing and food and other things but wonder what all this added up to per citizen/family from FIMA and other agencies?

I cant help thinking that $10,000 is a excessive estimate of what the government will give to the Iraqis. Presently 10K dinars isnt worth giving at
$6. What would be a realistic figure that any government would give out to the population. I know we all looking at $1 but are we setting our sights a little too high. Will it be a lower reval? Just my opinion

Raditz we need the shout box back on now!!!!
Thankyou
benzboy

Originally Posted by NotSoFast

I didn't say that the FIL wasn't passed. Yes, there was news of this passing of FIL. But Iraq plans an important announcement on October 12. I believe this announcement will be to show the FIL to the world.... and to "pat itself' on the back and get the business world excited about the investment law.

Article VIII an IMF guideline on tradable currency.

Just a little refresher on IMF report from 12/05


Directors welcomed the authorities’ intention to establish a liberal foreign trade and exchange
regime and looked forward to Iraq’s acceptance of the relevant Article VIII obligations. In order
to facilitate the process of acceptance, the authorities should move expeditiously to review and
overhaul their legislation and regulations in order to remove any possible exchange restrictions
that may fall under Fund jurisdiction. Directors noted the progress made on putting in place a
legal framework for Anti-Money Laundering and Combating the Financing of Terrorism
(AML/CFT) matters, and looked forward to its implementation.
Notwithstanding some progress in the preparation and dissemination of statistics, Directors
noted that the statistical information that the Iraqi authorities are able to provide to the Fund is
just adequate for surveillance purposes. They urged the authorities to make further efforts to
strengthen their statistical framework, in particular in the fiscal area.
Directors took note of the authorities’ desire to enter into a Stand-By Arrangement by the end
of 2005. They pointed out that progression to a Stand-By Arrangement would help underpin a
sound macroeconomic framework for the continuation of Iraq’s reconstruction and recovery, as
well as pave the way for Iraq to move forward to a sustainable external debt situation under
the terms of the Paris Club. They urged the authorities to continue to build on their track record
of policy implementation by continuing to implement the program supported by EPCA, focusing
on a reinvigoration of structural reforms and further steps to improve governance and the
country’s institutional and administrative capacity. A strengthening of the quality and timeliness
of basic economic data that are essential for program monitoring will also be needed.



I think they'll get it done sooner-too many outside forces applying pressure.
Just my opinion for what it's worth.

i am of confused ? thursday the 12 or later this month or later this year ?
best guess ?

Originally Posted by bigred52

i am of confused ? thursday the 12 or later this month or later this year ?
best guess ?

All the above.lol. If I knew the answer for sure it help decide wether or not to buy more.

Originally Posted by Adster

Alone we hope Susie, we need you FRESH for tomorrow!!, LMAO. :0)

with spoiled gordon setters how can anyone sleep alone?? lol

and as far as 'fresh', im like that 24/7, lol.

Originally Posted by One Oar

Just a little refresher on IMF report from 12/05


Directors welcomed the authorities’ intention to establish a liberal foreign trade and exchange
regime and looked forward to Iraq’s acceptance of the relevant Article VIII obligations. In order
to facilitate the process of acceptance, the authorities should move expeditiously to review and
overhaul their legislation and regulations in order to remove any possible exchange restrictions
that may fall under Fund jurisdiction. Directors noted the progress made on putting in place a
legal framework for Anti-Money Laundering and Combating the Financing of Terrorism
(AML/CFT) matters, and looked forward to its implementation.
Notwithstanding some progress in the preparation and dissemination of statistics, Directors
noted that the statistical information that the Iraqi authorities are able to provide to the Fund is
just adequate for surveillance purposes. They urged the authorities to make further efforts to
strengthen their statistical framework, in particular in the fiscal area.
Directors took note of the authorities’ desire to enter into a Stand-By Arrangement by the end
of 2005. They pointed out that progression to a Stand-By Arrangement would help underpin a
sound macroeconomic framework for the continuation of Iraq’s reconstruction and recovery, as
well as pave the way for Iraq to move forward to a sustainable external debt situation under
the terms of the Paris Club. They urged the authorities to continue to build on their track record
of policy implementation by continuing to implement the program supported by EPCA, focusing
on a reinvigoration of structural reforms and further steps to improve governance and the
country’s institutional and administrative capacity. A strengthening of the quality and timeliness
of basic economic data that are essential for program monitoring will also be needed.



I think they'll get it done sooner-too many outside forces applying pressure.
Just my opinion for what it's worth.

Sounds like to me Iraq has already done what was needed except a reval to help economics.

Originally Posted by Alphamystic

I'm all for an anouncement on the 12th, however I've been thinking, would they anounce an RV before they hand out the 10k to everyone?

It might cause chaos if everyone in Iraq realized that they are getting $10,000 instead of $6.80 in two weeks. Any thoughts?

its not two weeks, its next week they start handing it out and i would think iraqis will be overjoyed.

Yardbird has a co-worker who has a brother in Iraq. Her co-worker asked his brother to buy him some more dinar. When his brother went to the bank they told him that he could no longer purchase dinar.

That is all the info that I have at the moment and I am sure yardbird will post more info on this later.

I believe this is a good sign.

Doe anyone else have any info on this?