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

Originally Posted by clintstella

Cabinet reshuffle large prospective

( - 01-11-2006(Voice of Iraq) - 01-11-2006
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Cabinet reshuffle large prospective
Baghdad / Nina / Edomjls House announced the Iraqi United Iraqi Alliance list Nasser Al Saeedy, that there is a big change and reshuffle will happen soon

Any ideas?

finishing touches of the HOUSE CLEANIN PARTY!!

Originally Posted by Adster

Wish we'd heard about article V111. Can't believe they're going to delay this until the end of the year.......Could be it was signed yesterday and to avoid speculation they've kept it quiet till everything is in place.....

Purpose
The International Advisory and Monitoring Board (IAMB) is an audit oversight body for the Development Fund for Iraq (DFI).
The DFI was established pursuant to United Nations Security Council Resolution 1483 and holds the proceeds of petroleum export sales from Iraq, as well as remaining balances from the UN Oil-for-Food Program and other frozen Iraqi funds. Disbursements from the DFI must be used for the benefit of the Iraqi people, and are directed by the Coalition Provisional Authority, in consultation with the Iraqi interim administration. The IAMB will continue to function after the dissolution of the Coalition Provisional Authority on June 30, 2004 and will work with the Interim Government of Iraq, as set out in United Nations Security Council Resolution 1546. United Nations Security Council Resolution 1637 extended the mandate of the IAMB until December 31, 2006.
The principal role of the IAMB is to help ensure that:

• The DFI is used in a transparent manner for the benefit of the people of Iraq, and
• Export sales of petroleum, petroleum products, and natural gas from Iraq are made consistent with prevailing international market best practices.

For this purpose, the IAMB functions akin to an audit oversight board. (Terms of Reference)

this extension until the end of the year isnt recent. they did this earlier. doesnt mean they are waiting til the end.

1977 surveillance desicion

http://www.internationalmonetaryfund...002/031302.pdf

The government also believes that merging Iraqi small banks into big banks is necessary. Baban said the government are looking forward to the initiatives of the private sector in all fields starting from basic services to infrastructure.
“No restrictions will be imposed,” he said.

:::- ARAB TIMES -:::

Originally Posted by stockjedi

That actually the only thing that kind of worries me. The US government knows that people have bought tons of Dinars. Are they going to just let tons of people become multi-millionaire overnight? Any thoughts on this?

a chance to rake in millions of tax dollars off of a bunch of investors? LOL
are you seriously asking what the motivation here would be?

How is that the Iraqi government is going to meet economic benchmarks with a worthless currency....come on reval it and prosper!!

The Iraqis should “meet concrete milestones and political and economic benchmarks as a condition of future aid,” the report recommended. It said US relief and reconstruction aid could be provided through conditional loans and be tied to specific actions by the Iraqi government. During the past two weeks US officials have pressed the Iraqis to begin to meet milestones of progress, an effort that has revealed rifts in the relationship between the two governments.

:::- ARAB TIMES -:::

Originally Posted by Hardwood

I think the anti-climatic scenario is what we will see. As avid participants, we are watching with close scrutiny every tidbit of info coming out of Iraq. The average Joe doesn't. He sees what his particular news channel shows him.

The day the Dinar "revals" or takes a significant leap in value, it will go mostly unnoticed if only for a day or so. We will already be nursing our hangovers when the rest of the world reads the headlines the next day!

And I hope the headline reads "Thousands of US citizens become overnight millionaires".... not millions of US citizens... I wonder how many of us there are actually? Anyone know the estimated number of "speculators" in the private sector, that is??

We'll probably find out in the next couple weeks!

dont think the G.O.P. has forgotten their 'surprise' yet. like i said before, what would be FRESH in voters minds!! i would say one big positive report out of iraq might be irreplaceable for them. i would be lookin for something this week to happen before the election.

Originally Posted by Cyberkhan

Seventy thousand really is not that big...gotta wonder what the real number is.

sounds about right. just because everyone you know knows about it doesnt mean anyone else out there does.

Originally Posted by panhead

Already stocked up Wild Turkey 101.....sobriety sucks!

@ wild turkey liquor!!

Originally Posted by AlwaysDreaming

I recently stumbled onto a forum where many Iraqi's posted. It's interesting that nothing is discussed about the dinar or a revalue. I would think that this would be somehting that would be foremost on their minds along with the security of their country. One of the members here asked in their forum about the dinar and they shrugged it off without responding much. Any thoughts on this from anyone?

they know the dinar is worthless and to them it always will be. since this new 'money' has been in their possession it has been totally worthless so what should make them change their opinion of that? from what i hear a friend tried to tip his bartender a 10,000 dinar and the guy wanted like five bucks usd instead because they dont want that 'worthless' dinar.

he even tried to tell them it would soon be worth more than the usd and they laughed at him like he was insane.