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

Apparently, you are from the old school, therefore, on the other hand, and likewise, let me explain; if they wait any longer, it might be at 1480 and that would mean 10 down, so they had better, "HURRY!" RV, Like an RV now!

Originally Posted by shotgunsusie

where are you getting that at?? this article says that it now takes three more dinar added to the last rate to make it cheaper currency which is correct.
where were you reading moving the decimal? im confused.

Sorry if I confused you, it does not take much as we are ready to bounce off of the walls, Shabibi is in the "kitchen", "Baker-ing" up some "Condi-Rice" crispy "Treats"! I like the band to play nice and loud! As we need to have all the distractions needed to make up out mind to cash it all in, start with a few and place the rest in a Dinar account, or just site there and wonder what happened!

An RV is coming up!

The Iraqi investment law at a glance | Iraq Updates

http://www.iraqdirectory.com/DisplayNews.aspx?id=2370

Now why would two news agencies print the same thing about a third posting the "The Iraqi investment law at a glance" & "The investment law at a glance"? by Source: Niqash

Are they getting excited or what?

"The national commission has a special budget. It has to deal with license applications within 45 days. It also has to facilitate granting licenses and use electronic correspondence."

"More than nine governorates, in addition to Iraqi Kurdistan, have a secure environment for investment. The growth and development of these governorates will create an incentive for governorates which lack security to seek to create a secure environment. Surely the economy, through investment, will contribute to achieving security in the country."

But first the RV!

Originally Posted by shotgunsusie

someone might wanna take that info back to dg and atlas for them, or since they read all our news here because theyve run all their good news people off i guess they can read it here for themselves.

WELL SAID!

Cheers!
DayDream

Translated version of http://www.alsabaah.com/
Baghdad-Sabah
October 22, 2006
Dr. Mahdi Al-Hafiz member of the House and former minister of planning, it is acknowledged the existence of divergent views and opinions on foreign investment, It is not confined to Iraq, but extend to other countries, constitute one of the themes of the controversy between experts and economic policy makers in the world, therefore encourage substantive discussion on the subject.

And show concern for systematically addressed within the context of sound, brings together economic and political considerations at the same time, in order to reach a sound position to encourage foreign investment law that is before the House now.

He added that foreign investment is one of channels or external sources of financing for activities or projects of economic and service in other countries. Known economically and no channels or several sources of external financing for the activities and projects of economic and service in various countries
Includes investment, aid and loans to private and official foreign debt. " all of which is remittances or financial flows entering the country and the meaning of different terms and conditions and the nature of burdens and benefits to the country.

He continued Hafiz However, the most important characteristic of foreign investment to other sources of external finance. is free of charge the beneficiary country from the burden of debt. Any financial flows coming in foreign investment do not constitute a debt to that country would also be the case for foreign loans, The combined political commitments as is the case for some grants and foreign aid.

He explained : Indeed, the two types of foreign investment. two foreign direct investment (FDI) and foreign investment indirect Foreign Direct Investment.

The difference between the two is that the first real long-term investment in the productive and service sectors of the national economy, industry, agriculture, energy, tourism, communications and other, The second type, any direct foreign investment is in the financial markets of foreign ownership, individuals and companies. the shares and bonds, private or governmental transaction for profit.

He said : note that some of the international financial institutions is an indirect investment in the case of possession of the proportion of the shares in the financial market is less than 10%. a different question them, because the ratio does not constitute an essential criterion in the classification between direct and indirect, The introduction of the standard normally area or sector or activity in which they are used remittances or external financial flows.

He continued : What concerns us in Iraq is the research on the merits of foreign direct investment, and stop at the benefits of an external funding source for economic and service projects in the framework of the national development strategy and priorities.

The truth is that the benefits of foreign investment Almbachermvidh in terms of the acquisition of modern technologies (technology and the fight against unemployment "job creation", and the development and diversification of exports and diversification of the production base of the national economy and others.

This is what Iraq needs, more than ever, in the framework of his policies and orientations for the reform and diversifying the economy, reconstruction and tackling the problem of unemployment and improve the quality of services and expand...

Translated version of http://www.alsabaah.com/

To activate its role in the processes of reconstruction and development
Baghdad Yasser incumbent Economic expert disclosed that the banking system in Iraq is suffering from deficiencies in the performance of its core functions, stressing the need for restructuring government banks. He said Dr Maged fictitious expert at the Central Bank of Iraq in an interview with the (morning)

On the role of banks in the economic reform : the fundamental task of restructuring the banks are improving their performance in order to provide banking services to the government, institutions and individuals in accordance with the requirements of the development of the economy.
The picture also emphasized that the banking sector plays an important role in economic relations and international financial, it enjoys considerable international attention, He pointed out that the banking sector needing care and responsibility in the implementation of these transactions.
He said : Therefore, the main objective of the restructuring is to eliminate the problems of the banks to ensure the functioning of the domestic and international dealings.

The tasks of restructuring main factors first. The existence of a genuine political will and clear and transparent for this process, There is a need for a restructuring process in a timely manner and the period of relative calm financial and banking activity.

The second task in financial restructuring, which includes the commitment to the minimum capital for the banks. If the transition to broad international activity, it should increase the capital to contain higher levels of new capital as well as the revision in the credit portfolio and the improvement and development of management commitment and regulations, instructions and procedures.

Dr. Magid pointed to the need to ease the liabilities of banks and convert what could be converted into a capital increase, The restructuring of the requirements of the banking activity to reconsider the type of services provided and developed and implemented as soon as possible and strengthen internal controls and compliance monitoring and policy-making required in accordance with the Banking Act and the regulations of the Central Bank and the instruction of the Governing Council, as well as reducing operational costs and the use of modern means of providing banking services.

So counting nominal subject to review and specialized banks merged bank and one specializing in the development of industry and agriculture-related projects together. One of the requirements for restructuring government banks.

He called for the capital increase until a half billion dollars in order to be able to deal with the new tasks of the current stage of economic development and the exploitation of part of the oil resources allocated to this development, in order to develop the industrial and agricultural activities in small and medium-sized enterprises and to be a center for attracting foreign investments in collaboration with the implementation of these projects, even big ones.

He concluded by saying that the restructuring of banks requires action by a plan of action and thought seriously by all of them to these banks are in a state represented by the Ministry of Finance, as the sole owner of these banks and the Central Bank of Iraq as the supervisor of the banking activity and the more specialized in assessing these a activity and said :
Without a combination of these bodies and to support the government it is impossible to complete the task of restructuring government banks drastically. He pointed out that the restructuring will do the role of banks in the process of reconstruction and development.

Hey, I have a great Idea, how about an RV?

An RV party!

Originally Posted by jedi17

I see it as well....now if they don't r/v money soon so will a lot more people...some with much more money than u and i....can you see a r/v in the very near future...I can....or i am getting to the bank tomorrow and getting some more dinar

Just to add to this... I don't think we will see some big press release....when CBI updates, I think then you will see the R/V. It appears that they let the cat out of the bag of an impending R/V....now it all depends on who reads their website and jumps on board buying dinar....they better R/V this thing soon

23-31, that gives us 8 days left for fil and compact completion. did i mention they were cutting it close?? lol

we are under the impression that the quotes from those days the bank was down are fabricated because they just dont jive with the pattern of auctions to date if you check all the criteria. i believe they had their system down to connect the other banks to their system of real time quotes for when they move to international status.

Originally Posted by shotgunsusie

23-31, that gives us 8 days left for fil and compact completion. did i mention they were cutting it close?? lol

we are under the impression that the quotes from those days the bank was down are fabricated because they just dont jive with the pattern of auctions to date if you check all the criteria. i believe they had their system down to connect the other banks to their system of real time quotes for when they move to international status.

By the above quote, what's your gut feeling for a reval?

Sotaliraq.com

Iraqis hope in the days of quiet during the holidays
(Voice of Iraq) - 10-23-2006 | This issue was sent to a friend Baghdad-d b a : in spite of the impending dangers due to the escalating violence in Iraq, however, hundreds of Iraqi families brought their children to the centers and commercial complexes to buy clothes and new types of sweets to be distributed during the morning of Eid al-Fitr ceremonies exchange congratulations among relatives and neighbors · The Office of the Sunni stay in Iraq is that today, Monday, the first day of Eid al-Fitr, in line with a large number of Arab countries awaiting decision audience Shiite supreme authority to determine the date of the first day of Eid · For its part, the Iraqi authorities announced that it will apply strict security measures near places of entertainment and Amega Barr and the holy shrines in Baghdad and other governorates, which will witness a large influx of Iraqis, especially in the first day of Eid · The authorities deployed dozens of Iraqi police and soldiers near the business premises and public squares to maintain security and to give some measure of safety for shoppers · He said the official spokesman of the Iraqi Interior Ministry said "the ministry will implement a security plan during the days of Eid al-Fitr is an extension of the security plan that had been applied during the holy month of Ramadan," added · Brigadier Abdel-Karim al-Ubaydi : "The Iraqi police presence at the 100th% in areas experiencing a significant influx of citizens, such as parks and places children's toys · In cemeteries," he said, "and that the Interior Ministry will oversee the implementation of security plans in Baghdad was entrusted with the responsibility to the governors of all the security plans put in his governorate" · Iraqis are keen on the first day of Eid to go after the Eid prayers at the cemetery in Najaf, Karbala and Baghdad, and other areas of the country, then begin after the exchange congratulations with friends and family, said Amal · Ibrahim, a clerk : "Be careful first to visit the grave of my father in the Karkh cemetery who died two years ago by gunmen in front of our house in the Ghazaliya and the distribution of foodstuffs in tribute to the spirit of" · In the last days of Ramadan saw business premises in Baghdad's suburbs, especially the famous and the al-Mansour, Palestine Street, Al Bai'aa and Alcheorgh Baghdad, and hung a large influx of new residents to buy new clothes for children and other family members, as well as the purchase of a distinct types of sweets on top of the "Sama" And Baklava, chocolates and other types of juice · The packed major markets and craft docks quantities of garments imported from several countries including Syria, China, Iran, Turkey, Thailand · Mason said Abdul Hadi, the teacher works : "I came today to this shopping mall to buy new clothes for my daughter only Despite fears of bombings and armed attacks" · The prayer is rational homemaker has pointed out that "there is an abundance of goods, especially children's clothing, women's clothing but prices were very high compared with the past years," · It was the decision of the Iraqi government to pay an amount of 10 thousand dinars grant to every Iraqi citizen good effect in increasing purchasing power of families with low incomes · He hopes that the Iraqis day of Id al-Fitr, an outlet for them to allay fears that surround them by the escalating violence and the breadth of forced displacement that has been sweeping the country, especially after having signed 29 senior clerics from the Sunni and Shiite early this week on a document in Mecca auspices of the Organization of the Islamic Conference to proscribe · Iraqi bloodshed The Emirates

Originally Posted by cigarman

By the above quote, what's your gut feeling for a reval?

a date is impossible since they dont know half the time what day they are doin somethin. i am guessing before the end of the month of course but who knows what day. im feeling more than ever like the rate will be at least $1.20 and wont surprise me a bit if it is as high as $2.30.

do you think that bush will be well received when he tells the people that those who invested in iraq like he suggested at the beginning, have increased their holdings by thousands of percent? i think its going to shock the shiite out of alot of people when he springs the good news of the signing of the foreign investment law, the compact with iraq, the oil investment law, the recovery of the iraqi economy and security because of the great american people standing behind the country and supporting them on their road to recovery. a great big surprise???

Originally Posted by shotgunsusie

23-31, that gives us 8 days left for fil and compact completion. did i mention they were cutting it close?? lol

we are under the impression that the quotes from those days the bank was down are fabricated because they just dont jive with the pattern of auctions to date if you check all the criteria. i believe they had their system down to connect the other banks to their system of real time quotes for when they move to international status.

It basically has been saying this all along. With the people we have here, tearing apart the articles for clues and the religious month about to end, to me it adds up to this very impression. Remember they are learning from the United States. Our Own Government is the sneakiest (Smartest. Skull of Bones). But....things do get "LEAKED OUT".


BTW, I will be moving about 20 pages to the "History Thread" tonight. Just a reminder to where they will be.

Read the rules before posting in this "THREAD"!! tks-neno