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

Originally Posted by MOM2TWO

my apologies...you won't here another peep from this Tx uninformed girl. Again, I am sorry for my ignorance!

You don't need to apologise for asking anything. I myself am the type of person that if I don't know something I will ask. And it does not have to be anything complicated either. Just keep asking away, your fine.

Originally Posted by Inscrutable

Wasn't there another event where they allowed the people 3 months for something, I forgot what it was but it started back in October of 2003 and ended in January?


If anyone else is interested in calling the IMF and asking about the Article VIII the person to call is Shakour Shaalan 202-473-4517 or you can also ask for Mohamad Chatah at that same number, they are pretty open to answer questions about Iraq.

Have you spoken to them about the Article 8? Have you phoned them about anything else like perhaps a dinar r/v? If you haven't how do you know that they are pretty open to answers? We would ALL love to know this. Come on now, PLEASE share this with us.

Originally Posted by goldraker

Something has been bothering me lately. It's this talk about about the bank mergers. They might not be able to RV. If the private banks do not have enough reserves to back up an RV. So with all of this bank merger talk. They might need to increase reserves or complete all of the mergers first. We could be part of the problem. Or, that is all of the non Iraqis. Who now hold IQD bank accounts! If in fact this is true, we have atleast 6 months to wait!




I never did like or trust Warka. Could they be acting against Iraq? By offering those early bird accounts!!!!!!!!!!!!!....................

if the CBI backs ever dinar in circuation then in theroy the "little " banks get there dinar in circulation from the cbi. nothing changes number wise its still the same number of dinar just in differnt locations....

now if these little banks decide to loan out money for car loans development etc.. then the little bank needs to back every dinar it loans out which i beleve is why they need there own reserves ..

[QUOTE=strongtower;129197]Foreign banks in Iraq soon

The central bank of Iraq is considering licensing several foreign banks to operate within the country, mostly in the region of Kurdistan, Sinan Al Shabibi, the bank's governor, said yesterday.

"There have been some applications to operate in northern region of Kurdistan, but their eyes are on Baghdad eventually," Al Shabibi told Zawya Dow Jones in an interview.

Al Shabibi said that the bank is considering several Turkish and Lebanese banks, but declined to disclose the names of the banks.
The Iraqi government licensed six foreign banks in 2004, including the National Bank of Kuwait, Arab Banking Corp., HSBC and Standard Chartered.
However, only Arab Banking Corp. operates a fully-fledged branch in the country as the rest chose to enter Iraq via a local partner.

"Because of the security situation, most join forces with local banks. There are a lot of banks that have expressed their interest Iraq, but they are waiting for the right time," said Al Shabibi.
The country also has six state-owned banks, the biggest of which are Rafidain and al Rasheed.

Al Shabibi hopes that Iraq's banking sector will be strengthened as it opens up to foreign banks, as they bring capital, modern banking systems, technology and management. (part of) QUOTE]

This on on the ticker of the Aman Iraqi Broker website:

Internet on line accounts now available with Aman Financial Services... Bank foreign mergers approved... Dar Sallam Bank resumes trade... Ahli Bank resumes trade... Credit Bank resumes trade... ISX resumes trade after Eid break Nov 07...ISX commissions new premises...

goldraker Something has been bothering me lately. It's this talk about about the bank mergers. They might not be able to RV. If the private banks do not have enough reserves to back up an RV. So with all of this bank merger talk. They might need to increase reserves or complete all of the mergers first. We could be part of the problem. Or, that is all of the non Iraqis. Who now hold IQD bank accounts! If in fact this is true, we have atleast 6 months to wait!




I never did like or trust Warka. Could they be acting against Iraq? By offering those early bird accounts!!!!!!!!!!!!!....................:toofunny :

Oh no not another 6 months!!! I don't know if I could last that much longer. Goldraker please say it aint so.

Originally Posted by MOM2TWO

my apologies...you won't here another peep from this Tx uninformed girl. Again, I am sorry for my ignorance!

Ya like I'm a brainer I always have questions while I'm reading these articles and some of the posts. Most of the time, they are answered within a couple of posts! So keep asking!

Originally Posted by CLM

I thought the CBI was the source for backing the currency, and the other banks are then based off of it. Am I wrong?
CLM

I believe you are right! The CBI is responsible for backing up the Iraqi currency.

Originally Posted by ozizoz

I wish it was only the IMF that was watching us . . .but there are way more powerful people than that lurking around. Be careful what you post . . .or you might just get a little visit from people who know way too much on a personal level to be a coincidence. Personal experience . . nuf said

We are all little fish in a very big ocean here. I think we are all in on something that is supposed to be hush hush . . .I think we are the cost of doing business for those who are gonna make mega-powerful moves because of Iraq. Even the powers that be cant keep a secret this big quiet. As long as we dont upset too many people, we'll be ok

What-beware the black helicopters?

These people would fit right in the US Senate or House....

Iraq parliament speaker, lawmaker trade insults during nationally televised news conference
02/11/2006
Source: Herald Tribune


Frustration over poor turnout in Iraq's parliament flared Wednesday, with the house speaker Mahmoud al-Mashhadani having to be physically restrained from attacking a Sunni lawmaker.

Al-Mashhadani had been holding a nationally televised news conference when he lashed out at Abdel-Karim al-Samarie for alleged corruption and failure to attend sessions, calling him a "dog" — a deep insult in Iraq and other Arab societies.

"You are dishonest and a dog," screamed al-Mashhadani.

Al-Samarie, a member of the main Sunni parliamentary bloc, the Iraqi Accordance Front, responded by calling al-Mashhadani a false patriot. The speaker, who belongs to a rival Sunni group — The National Dialogue Council — then lunged at al-Samarie, but was held back by bodyguards.

reports plot to topple Beirut leaders Al-Mashhadani then moved on to the parliament's main chamber, where he accosted other Sunni Accordance Front lawmakers, calling them "villains" and "dogs," and accusing them of colluding with the former Baath Party of toppled dictator Saddam Hussein.

Al-Mashhadani had been angered by low attendance among Iraqi Accordance Front lawmakers that prevented the 275-seat body from making the quorum of 138 of the 275 lawmakers.

In his earlier remarks to reporters, al-Mashhadani complained that lawmakers who failed to show up were delaying the ratification of a series of edicts reached by Shiite and Sunni religious figures in the Muslim holy city of Mecca last month that aims to stop sectarian bloodshed between Shiites and Sunnis.

"We should implement what we have signed and agreed on. This agreement is like a contract," al-Mashhadani said.

Previous attempts to reconcile Iraq's rival sects have failed to stanch the violence, and it wasn't clear whether the edicts, or fatwas, would resonate among the country's Sunni and Shiite militants whose tit-for-tat attacks have created a deadly cycle of worsening violence.

The Shiite-dominated parliament was also rocked by a bitter dispute over a new law on federalism that passed last month despite a boycott by Sunni politicians.

Sunni lawmakers accused their Shiite colleagues of using dirty tricks to push through the bill that will transform Iraq by allowing Shiites to form a self-rule mini-state in the south. Sunnis deeply opposed the measure, fearing it will tear the country to pieces and further fuel sectarian violence.

May be a repeat-sorry if it is








The fifth and final preparatory meeting for the International Compact with Iraq (ICI) Tuesday said recognizing challenges facing Iraq has helped shaping up strategies, objectives and benchmarks to overcome all difficulties facing the nation.

In a final communique following a one-day meeting, the ICI said the participants recognized the current challenges facing Iraq, which lead to shaping a series of strategies, objectives and benchmarks that would help in composing an integrated plan to overcome all difficulties.

"The compact, jointly co-chaired by the Government of Iraq and the United Nations, with the support of the World Bank, will over the next five years, bring together the international community and multilateral organizations to support Iraq in achieving its national vision" that would achieve security, democracy, freedom, equality and prosperity for Iraq, noted the communique.

ICI aims at creating a mutually reinforcing dynamic of national consensus and international support that would back up the Iraqi government's programs, restore Iraqi people's trust in the state, establish a framework of mutual commitments to support Iraq, settle security and political challenges, ascertain good governance, as well as kick start economic development.

The compact's members have pledged to provide Iraq with financial, technical and political support to overcome all current difficulties.

"Mindful of the urgency of rapid progress and firmly endorsing the compact as presented, the formal adoption of ICI is scheduled for a high-level event during the next six weeks," explained the communique.

Source: Kuna