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

Originally Posted by bubbajr

For some of you I am reposting this. The FIL was past, but it has not been posted in the official paper yet, I feel they are waiting for the HCL to be passed and the big meeting that is to take place so everything is done all at the same time.
Don't get a head of your self and get frustrated, we are very close and we will see it real soon

Just for clarity sake in my old and cloudy mind, may I ask this convoluted question:

Since we now wait for the FIL (Foreign Investment Law that has passed) to be posted in the Gazette (Official Government Publication). And, when this event occurs...the FIL will be the Law of the Land in Iraq......

...Then, when the HCL (HydroCarbon Law) passes, we will also need to wait for it to be posted in the Gazette before it becomes the Law of the Land in Iraq?

AND..When there is a reval, it will not need to be posted in the Gazette because it is not a Law, but rather an every day financial adjustment made LEGALLY by the government.

Is this a good understanding of the current condition we are in and the major benchmarks we are all waiting on? (oh yeah, one more thing... AND we do not yet know if the smaller bills have been or are being distributed? Which is also an important Benchmark needing to be passed.

1) FIL Published in Gazette
2) HCL Passed & Published in Gazette
3) Small denominations distributed
4) The RV can launch

ND

Al-Maliki, Bush agree to expedite Baghdad's full control over Iraqi forces minister says Bush agrees
The Associated Press

Published: October 28, 2006


BAGHDAD, Iraq The Iraqi prime minister and U.S. president on Saturday agreed to expedite the hand-over of full control of Iraq's army to the government in a bid to stem a deepening rift.

The two leaders spoke for nearly an hour a day after Nouri al-Maliki declared he was a friend, but not "America's man" in Iraq, signaling a growing rift between Washington and the Iraqi leader.

Al-Maliki's office issued a statement after the session saying the two leaders had agreed to the joint goals of speeding up the training of the Iraqi army and "handing over security responsibility to the Iraqi government."

White House spokesman Tony Snow said President George W. Bush reaffirmed his support for al-Maliki, telling him that he was not "America's man in Iraq" but a sovereign leader whom the U.S. is assisting.

"What you've got in Maliki is a guy who is making decisions," Snow said.

"He's making tough decisions, and he's showing toughness and he's also showing political skill in dealing with varying factions within his own country. And both leaders understand the political pressures going on," Snow said.

A close al-Maliki aide quoted the prime minister as having told the U.S. ambassador to Iraq that "I am a friend of the United States, but I am not America's man in Iraq" shortly after the two leaders met Friday night and issued a joint statement declaring Iraq wanted to continue good relations with the United States.

There have been growing tensions between al-Maliki and the United States as Washington pressured him to crack down on Shiite militias and death squads and to accept a timeline for curbing violence.

Al-Maliki depends heavily on Iraqi Shiite politicians whose parties operate the heavily armed and powerful militias which are thought to participate in sectarian killings that are ravaging Baghdad and nearby regions.

BAGHDAD, Iraq The Iraqi prime minister and U.S. president on Saturday agreed to expedite the hand-over of full control of Iraq's army to the government in a bid to stem a deepening rift.

The two leaders spoke for nearly an hour a day after Nouri al-Maliki declared he was a friend, but not "America's man" in Iraq, signaling a growing rift between Washington and the Iraqi leader.

Al-Maliki's office issued a statement after the session saying the two leaders had agreed to the joint goals of speeding up the training of the Iraqi army and "handing over security responsibility to the Iraqi government."

White House spokesman Tony Snow said President George W. Bush reaffirmed his support for al-Maliki, telling him that he was not "America's man in Iraq" but a sovereign leader whom the U.S. is assisting.

"What you've got in Maliki is a guy who is making decisions," Snow said.

"He's making tough decisions, and he's showing toughness and he's also showing political skill in dealing with varying factions within his own country. And both leaders understand the political pressures going on," Snow said.

A close al-Maliki aide quoted the prime minister as having told the U.S. ambassador to Iraq that "I am a friend of the United States, but I am not America's man in Iraq" shortly after the two leaders met Friday night and issued a joint statement declaring Iraq wanted to continue good relations with the United States.

There have been growing tensions between al-Maliki and the United States as Washington pressured him to crack down on Shiite militias and death squads and to accept a timeline for curbing violence.

Al-Maliki depends heavily on Iraqi Shiite politicians whose parties operate the heavily armed and powerful militias which are thought to participate in sectarian killings that are ravaging Baghdad and nearby regions.

Al-Maliki, Bush agree to expedite Baghdad's full control over Iraqi forces minister says Bush agrees that - iht,africa,Iraq Al Maliki Bush - Africa & Middle East - International Herald Tribune

Originally Posted by OneShotOneKill

I did not think of this until I saw your post. But my main concern would be the leadership (brass) booking first. They obviously have more knowledge of the opportunity and the means to buy than the standard enlisted soldier. That would concern me a bit. I have been out 20 years so I am sure things have changed a bit, but you still need that experience to have an effective force. I was an NCO by the way.

Thanks for the post and your service!

OSOK

Hi OSOK, I agree with you, the upper echelons of brass are difficult to replace, but i expect they wont resign their commissions until they know their posts will be in capable hands... BUT... NCOs are the backbone of the army, and they wont have the same constraints. Im a Sgt, and I just have 1.2M, and where Im gonna be living (not in the US) 1.2M will be enuf to live like a king...

Not that this will be my route of action, but Im sure that there will be PlentY of soldiers who have more or even less than I do who will just say "Seeya" and walk. Granted that will be harder to do if in the ME, but it will still be an issue Im sure. It will be interesting to see what happens.
regards,
the cravemeister

Originally Posted by noodlesdad

Just for clarity sake in my old and cloudy mind, may I ask this convoluted question:

Since we now wait for the FIL (Foreign Investment Law that has passed) to be posted in the Gazette (Official Government Publication). And, when this event occurs...the FIL will be the Law of the Land in Iraq......

...Then, when the HCL (HydroCarbon Law) passes, we will also need to wait for it to be posted in the Gazette before it becomes the Law of the Land in Iraq?

AND..When there is a reval, it will not need to be posted in the Gazette because it is not a Law, but rather an every day financial adjustment made LEGALLY by the government.

Is this a good understanding of the current condition we are in and the major benchmarks we are all waiting on? (oh yeah, one more thing... AND we do not yet know if the smaller bills have been or are being distributed? Which is also an important Benchmark needing to be passed.

1) FIL Published in Gazette
2) HCL Passed & Published in Gazette
3) Small denominations distributed
4) The RV can launch

ND

Correct. We don't know when the oil law will be passed. We did read a couple of weeks ago it would be done at the end of the following week and unless it's been done behind closed doors we don't know for sure. Other reports say the end of November for the oil law. FACT though is that to comply with the IMF agreements they HAVE to pass it by the end of the year.

Tha smaller denoms may well have been put into the banks whilst they've been closed. Perfect time to do it.

IAMB Meeting next week will be interesting. I can see big things happening next week. An enacted FIL will be fully convertible. That point we will see it being exchanged in more and more places, banks, airports, etc which in itself will make the dinar more valuable.

Looking good folks.

Originally Posted by lonelyintexas

Yes,
I agree sounds like alot is put into place for an r/v, but we are still missing
info about the smaller bills.
LIT

Something just occurred to me . . and maybe it has been tossed around and I just didn't see it. But what if the disbursement of 10,000 came in smaller bills? I realize they have talked about checks and debit cards - but what if they disbursed 10,000 dinar to each person in small bills? I'm trying to imagine how they would do this - but I do know in Germany when they went from Reichmarks to Deutchmarks, they issued all the people currency (40 Deutchmarks) the days after it was implemented - and then issued them more a few weeks later. (See Paynes 1 Marshall Plan Vs. International Compact) The RV would have to have already gone into effect, an announcement with instructions would be made and you would have the disbursement orchestrated. Security would be an issue, but if they organized it like they did their elections, with beefed up security and several disbursement places they could accomplish it. This is purely speculation on my part. Any ideas?

Originally Posted by noodlesdad

Just for clarity sake in my old and cloudy mind, may I ask this convoluted question:

Since we now wait for the FIL (Foreign Investment Law that has passed) to be posted in the Gazette (Official Government Publication). And, when this event occurs...the FIL will be the Law of the Land in Iraq......

...Then, when the HCL (HydroCarbon Law) passes, we will also need to wait for it to be posted in the Gazette before it becomes the Law of the Land in Iraq?

AND..When there is a reval, it will not need to be posted in the Gazette because it is not a Law, but rather an every day financial adjustment made LEGALLY by the government.

Is this a good understanding of the current condition we are in and the major benchmarks we are all waiting on? (oh yeah, one more thing... AND we do not yet know if the smaller bills have been or are being distributed? Which is also an important Benchmark needing to be passed.

1) FIL Published in Gazette
2) HCL Passed & Published in Gazette
3) Small denominations distributed
4) The RV can launch

ND

In terms of seeing the RV, i dont think we actually NEED the HCL passed and published, just the FIL, but the govt and the CBI are probably going to wait till the HCL is passed just to keep the whole thing neat and tidy. Small denoms may well be sitting in strategically located banks already (and maybe guarded by US troops)... I dont think it will be difficult to get them distributed, esp if they just do a vehicle curfew for a day while the trucks spread the bills out. commence bashing on mho...

Taken from an article from the AP, dated October 28, 2006. Bush and Maliki had a discussion via video-hookup. Tony Snow referred to it in his daily press briefing.

"In the video hookup, Al-Maliki portrayed the U.S.-Iraqi relationship as strong and growing stronger, according to Snow, and said there are many signs of success in Iraq. Most of the conversation focused on security strategy, with the prime minister pressing for more control over Iraqi forces and greater ability to respond quickly to problems, the spokesman said."
"In this prime minister, you have somebody in the Iraqi government who wants to take charge, who wants to take responsibility, is working on all fronts, on the economic side, on the security side, and on the political reconciliation side," the spokesman said.

"And he believes it's important to do whatever he can to build greater faith and trust with the Iraqi people in the democracy. So the president's very happy actually with the way the prime minister is working."

Originally Posted by crave681

In terms of seeing the RV, i dont think we actually NEED the HCL passed and published, just the FIL, but the govt and the CBI are probably going to wait till the HCL is passed just to keep the whole thing neat and tidy. Small denoms may well be sitting in strategically located banks already (and maybe guarded by US troops)... I dont think it will be difficult to get them distributed, esp if they just do a vehicle curfew for a day while the trucks spread the bills out. commence bashing on mho...

Correct. They can r/v now/once the fil has been enacted. The oil law can come anytime after.

An enacted fil will make the dinar a fully convertible currency.

Originally Posted by Nomrah I

Something just occurred to me . . and maybe it has been tossed around and I just didn't see it. But what if the disbursement of 10,000 came in smaller bills? I realize they have talked about checks and debit cards - but what if they disbursed 10,000 dinar to each person in small bills? I'm trying to imagine how they would do this - but I do know in Germany when they went from Reichmarks to Deutchmarks, they issued all the people currency (40 Deutchmarks) the days after it was implemented - and then issued them more a few weeks later. (See Paynes 1 Marshall Plan Vs. International Compact) The RV would have to have already gone into effect, an announcement with instructions would be made and you would have the disbursement orchestrated. Security would be an issue, but if they organized it like they did their elections, with beefed up security and several disbursement places they could accomplish it. This is purely speculation on my part. Any ideas?

and some damn good speculation too, I might add, govner!

Who knows?? But I like your thinking!!
CLM