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

Japan to offer 76.5 billion yen loan program

Japan to offer 76.5 billion yen loan program to Iraq28/03/2006 Source: Daily Yomiuri Online

The government has decided to extend about 76.5 billion yen (655 million dollars) in official loans to Iraq for the improvement of irrigation facilities, power plants and ports as the first part of a 3.5 billion dollars loan program it pledged for the war-torn country in 2003, Foreign Minister Taro Aso said Tuesday.

The yen loan is the first of its kind to be extended to Iraq in over 20 years. The government stopped providing official credit to Iraq in 1985.

The government wants to show its willingness to continue providing reconstruction assistance to Iraq, despite studying a possible withdrawal of Ground Self-Defense Force personnel involved in reconstruction activities in Samawah, in the south of the country.

The yen loans will finance the construction of irrigation facilities and power stations at various locations across the country and the building of port facilities at Umm Qasr, southern Iraq.

Baghdad has requested Tokyo provide finances for the rehabilitation of some key irrigation facilities because they are needed to rehabilitate the agricultural sector, which has been suffering due to war damage and the poor water supply.

Both governments will sign an agreement after the new Iraqi government is established.

The provision of the yen loans may not occur before May.

Trade Bank announces Iraq's first ATM now available

Trade Bank announces Iraq's first ATM now available27/03/2006 Source: AME Info

The Trade Bank of Iraq announced today that the first automatic teller machine in Iraq is now available for the public.

The ATM is located at the TBI head office in central Baghdad.
The ATM is linked to the worldwide VISA network and allows customers to draw out cash in Iraqi dinars or US dollars.

Essa M. Amireh, TBI Manager for Acquiring & ATM, said,

'We are very happy to be the first financial institution to bring ATM service to the Iraqi people. This is another first for TBI. We continue to be the most modern and innovative bank in Iraq.'

TBI plans to establish a country-wide network of ATM's.

Wonderful progress.

Makes me SMILE!

:-)

Funny,

And to think this is our USA leader? LOL

http://www.wimp.com/bushcomedy/

Pictures From Iraq That Will Never Be Seen In Media.

Pictures From Iraq

Anyone know where Adster has gotten off to? Just wondering...

Adam might have gone to Iraq to speed up the reval

Originally Posted by everwiser

Anyone know where Adster has gotten off to? Just wondering...

Adam is fine, he is just busy transitioning from a job to his favorite hobbie which will earn the same if not more income in time. (g) Of course, when reval hits, the transition will be completed. (g)

Won't be much longer as the intense pressure of US and UK to get rid of al Jaafari which is the sticking point with regards to appointments within cabinet. Politics is politics, and this is what is going on, but in this case, the whole world is watching. (g)

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Adam is fine, he is just busy transitioning from a job to his favorite hobbie which will earn the same if not more income in time. (g) Of course, when reval hits, the transition will be completed. (g)

Won't be much longer as the intense pressure of US and UK to get rid of al Jaafari which is the sticking point with regards to appointments within cabinet. Politics is politics, and this is what is going on, but in this case, the whole world is watching. (g)

Good luck to all, Mike

Hi Mike/all,

Been away for a while. Checkout my site below, got some updates on Iraq and also my thoughts on the message board. I'll look at my pm's later when get back from work.