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

27 October 2006 (Earth Time)

Bay Area company ECC received a national award for its construction and renovation of the Fort Suse Detention Facility in Iraq.

The Construction Management Association of America gave ECC the 2006 CMAA Project Achievement Award in the category of "Buildings, Renovation/Remodeling Under $20 million" for turning an unused fort into a much-needed detention center in four months. ECC received the award at an October 17 CMAA Industry Recognition Dinner, part of the association's annual conference in Tampa, FL. A presenter at the awards ceremony said, "This project [the Fort Suse Detention Center] is my personal favorite... Projects that won really did earn their award. It is a great honor to recognize the best of the best."

The project was executed between August 2005 and November 2005 under the Air Force Center for Environmental Excellence Worldwide Environmental Restoration and Construction contract. ECC International, LLC (a subsidiary of ECC) turned a 30-year-old Iraqi military fort that was essentially a shell into a secure, modern facility that could accommodate 1,800 detainees and up to 700 military/corrections personnel. The Fort Suse project was overseen by ECCI Project Manager Louis Perez, who has received numerous commendations for his leadership.

ECCI was given 56 days to have this facility ready to accept 1,000 detainees and a complement of corrections officers and military support. After meeting this goal, ECCI exceeded expectations for completing the remainder of work, allowing occupancy of all facilities one month early and signing off all items two weeks before the deadline.

ECCI President, former Rear Admiral Charles R. Kubic, said the award demonstrates the company's success in providing high-quality construction/renovation on tight schedules despite the dangerous environment in Iraq, where ECCI has completed or is still working on numerous projects for AFCEE and the U.S. Army Corps of Engineers.

"Louis formed and led a fully integrated design-build team of ECC, AFCEE and U.S. military personnel, and Iraqi subcontractors who were singularly committed to execute this project on time, within budget, and with the highest quality," Kubic said. "Solid team work and continuous communication were keys to this remarkable achievement."

ECC provides a complete range of services to support its clients' missions, including design/build construction, operations and maintenance, environmental remediation, and munitions response. ECC serves a variety of U.S. government agencies, including the Army, Air Force, Navy, Department of State, and Department of Energy.

ECC Wins National Construction Management Award for Iraq Project | Iraq Updates

27 October 2006 (Al-Hayat)

Donor countries made a 600 million USD for the central water project in Basrah, costing a total of about $ 1.1 billion, which is the largest water project in Iraq.

A member of the Development and Reconstruction Committee in Basra governorate, Hamed Azhalimi, said that The Council signed a memorandum of implementing the project with the Japanese International Development Agency (JICA), pointing out that work will start early next year, to be completed within four years. The project secures the need of 1.250 million citizens, and includes a large station of liquidation and pumping, at a production capacity of 400 thousand square meters per day of potable water; add to the production of both Al-Hartha stations, bringing the total production to 600 thousand cubic meters per day, covering the need of the whole city.

Azhalimi pointed out that the Japanese side would bear half the cost of the project, while the Council will maintain searching for other financiers from home and abroad to complete it. He, also, said that about 28 other projects relating to the extension of water pipes network in different areas of Basrah are implemented by the donor countries.

Translated by IRAQdirectory.com Team

600 million USD grants for water project in Basrah | Iraq Updates

Originally Posted by Par77

Dear Ompus / FreeDinar Members and Customers,

And finally last nights guest on our conference call, Mr. Daniel Morrissey, a retired NY stock broker who is heavily vested in the Dinar, has a very simple equation that we have not heard discussed anywhere. It was this thinking that got Mr. Morrissey into the Dinar, and is very simple.


Early during Saddam’s rule, a barrel of oil was roughly $20, and also the Old Dinar was valued at $3.20. We can also determine by the amount of Old Dinar turned in during the exchange there was about 4 trillion in circulation.

Currently a barrel of oil is about $60. The exact figure of New Iraqi Dinar printed is unknown, but we have heard reports of as high as 16 trillion.

If you do the math based on those numbers, the current real value of the Dinar could be as high as $2.40

Mr. Morrissey doesn’t believe that the Dinar will go on the market at those numbers, but is guessing we could see maybe .30 cents. But he also admits that, “anything can happen”.

Also check this out The Real Story


Thanks, Dan!

Ok so Sadam had 4 trillion in cirulation. Now as mentioned above we have heard reports of up to 16 trillion being printed. Now what is printed is not what is in cirulation. I seem to remember a post about this subject a while ago and it seems that the amount in cirulation was between 3.5 and 4.5 Trillion. Now if we do the math that would make the low end $1.20, if those figures are correct.

And I don't even want to speculate on the high end!!!!

Originally Posted by Justpraying

Ok so Sadam had 4 trillion in cirulation. Now as mentioned above we have heard reports of up to 16 trillion being printed. Now what is printed is not what is in cirulation. I seem to remember a post about this subject a while ago and it seems that the amount in cirulation was between 3.5 and 4.5 Trillion. Now if we do the math that would make the low end $1.20, if those figures are correct.

And I don't even want to speculate on the high end!!!!

what if they did print 16 mil but only put out 4 trillion say they burned the other 12 or kept it strictly to replace money as it becomes used.... couldnt this rate be supported at 1.20+ if this was the case?

Originally Posted by mike brown

I consider this "latest news" because people ask daily if these banks are still selling/buying.....

Exactly.....If you look at the numbers, people gravitate to THIS thread simply because this is where the most current information is...whether it's Reval, purchase, sell, or whatever. The "Latest News" is just that.....

Originally Posted by warrior44

today i called bank of america to ask about exchanging iraqi dinar in kansas city missouri. they said that they don't buy or exchange iragi dinar although earlier this week i spoke to another person there that knew exactly what i was talking about and today i spoke to someone else there and they had no clue. then later another branch of b of a called me back and said that they have refered others to united missouri bank, umb is where i have been purchasing my dinar, but they have a three week turn around time and the rate you take it in that day is not what you get, its when they finnally process your exchange, then on that day, that is the rate you'll receive. is it that b of a just may not be selling or exchanging in this area? does anyone know where you might be able to go for a quicker smoother turn around when you go to exchange dinar?

I believe as so do a lot of people, that when this hits the forex you are going to see a lot of banks getting on board with this currency as they are not going to be willing to pass up the income that other banks will be making with the exchange, and I don't beleive that it is going to be a situation where we have to cash them in the first day or the bottom will fall out of it. This game is going to be going on for a long time.

Originally Posted by phiberoptik

what if they did print 16 mil but only put out 4 trillion say they burned the other 12 or kept it strictly to replace money as it becomes used.... couldnt this rate be supported at 1.20+ if this was the case?

wasnt it discussed and proven a couple weeks ago that they did indeed print 4.3T dinar??

i dont understand why the twelve keeps coming up.

Originally Posted by jsfletcher

Springfield where?

Buy Through:
UMB Branch 721
1150 E Battlefield
Springfield, MO. 65807
ATTN: Cory
Phone: 417-887-5855

Excuted through:
UMB Bank NA
Kansas City, MO. 64141
ATTN: Michelle Mitchell

I know of at least 25 mil through this branch.

OSOK

Originally Posted by shotgunsusie

wasnt it discussed and proven a couple weeks ago that they did indeed print 4.3T dinar??

i dont understand why the twelve keeps coming up.

Actually Susie I think that it was that 4.3 trillion was in ciruclation. But it still means the same thing. The Dinar is worth a bunch!!!!!

Originally Posted by OneShotOneKill

Buy Through:
UMB Branch 721
1150 E Battlefield
Springfield, MO. 65807
ATTN: Cory
Phone: 417-887-5855

Excuted through:
UMB Bank NA
Kansas City, MO. 64141
ATTN: Michelle Mitchell

I know of at least 25 mil through this branch.

OSOK

Cool!!! I spent 5 years in Springfield MO. Cardinal fan?