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

Originally Posted by PaulieThaGreat

Hey adster, how have you and my buddy Susie been treated? I havnt been on these forums for a while because it is way too emotionally tearing... hehe. I have my little 400k stash just waiting for our R/V... LEts hope its sooner then later. Until then Ill probably be away from the forums....

Good matey, thanks, yea it's an emotional ride alright, some days you feel better than others! Frustrating cos we know it's within reach but we can't plan ahead till it happens.

Pop in every few days to check on the news.

Very good link for the compact agreement ect...

International Compact with Iraq

Originally Posted by Barbara919

The benefits of Iraq joining the IMF and the World Bank November 03, 2006
> Economists concerned Iraqis and foreigners disagree on the subject above,
while some of them believe that Iraqi govenment has rushed to resort to the IMF
and the World Bank to reschedule its debts on the terms of implementing the
policy of economic reform. However, only (11.6) billion dollars of the foreign
debts have been quenched as a first stage, and this only makes (7.8%) of the
foreign debt. It is a small percentage in return for submitting to the
conditions of the economic reform policy, which include:
>
> 1- raising support for the prices of fuels and other services.
>
> 2- Canceling the ration card.
>
> 3- Privatization of the public sector and transfer most of its business to the
private sector.
>
> However, the application of these procedures in light of the current
circumstances of the country and this speed has serious negative repercussions
on the Iraqi society who is suffering already. It is unreasonable to convert a
centrally planned economy based on the absolute leadership of the public sector
for four decades into a liberal economy based on free market economy, overnight.
After the events of 9\4\2003, Iraq suffered from political and economic shocks
that are intolerable for a developing country like Iraq.
>
> According to the latest statistics of the Ministry of Planning and Development
Cooperation in Iraq, (60%) of the citizens are below the poverty line. So, if
the ration card is abolished and subsidies on fuel prices and services are
removed, how many will their percentage be? Moreover, the unemployment rate was
between (40% - 50%), when taking these measures, the increase would amount to
more than that; this means that poverty line will increase and thus increasing
rates of crime and corruption since Iraq is considered one of the young
population nations whose population pyramid has a broad base and unemployment
are concentrated in the younger ages, that (3) out of (4) Iraqis under the age
of 25 are unemployed. The concentration of unemployment in this group of age had
very dangerous political and social consequences since unemployment is
considered a fertile environment for the growth of crime, extremism and violence
which emerged strongly to the surface in Iraq, particularly after the events of
9\4\2003 and left serious negative effects on Iraq. There are many examples for
such dangerous consequences, like: (the revolution of bread in each of Egypt and
Tunisia, and the revolution against raising fuel prices in Yemen, etc.).
>
> Despite all this, we believe that Iraq can achieve benefits when joining the
IMF and the World Bank. There will be a genuine development, as the case now in
some Gulf countries, Emirates for example, through encouraging investments in
vital and important sectors, such as the agricultural, through many inducements
like the granting of loans and tax exemption etc... The remaining investments
are left free to supply and demand. Since Iraq has natural resources of cheap
prices, surely the costs of production will be much less than other countries;
therefore, it is possible to manufacture materials then export them. Thus, why
do we, now, import cement of bad types when we already have the fine raw
materials for manufacturing this material? ö Another benefit of the accession,
is that we will get cheap raw materials to help our industry, and we will also
import expertise and technology to create developed industry and agriculture.
>
> But what is happening in Iraq now is that some places are built and others are
demolished. Therefore, Iraq is at an important crossroads that requires from
everyone, especially economic policy-makers in the country, to review the
ideological basis and economic theories which they use to form the policies and
the applications should be compatible with the concepts of modernization and
reform promoted for, and this is one of the biggest economical challenges that
we face today.
>
> Thus, the deteriorating reality between the suffering of the society and with
the requirements of the economical policy of the State, raise a question: what
do we do to walk out of this crisis without a flaw negatively affecting the
economic process of the citizen and the state as well?(Source)AlSabah
>

I don't want to bash any organization as they have influence in the happens to the Dinar but... working for NGOs in the Philippines, I have seen first hand what the IMF and World Bank can and can not do - and sometimes their intentions are not in the best interest of the people...

Or so it seems. You know what i mean?

Originally Posted by Offshore-Wealth.com

Good point,

What it means is the cocaine market is exploding since 60% of GNP is poppy related. (g)

Good luck to all, Mike

You mean heroin market.

Cocaine is from the coca leaf and heroin is from poppies. ;-)

Just Thinking(always Dangerous) ... Wouldn't The Sudden Influx Of Cash In The Hands Of All Thee Citizens Adversly Affect The Inflation? If So, Would The Government Want To Revalue At A High Level?

ERRRRRRRRRRRR, they make my blood boil.

Iraqi President : the door is open to the Iraqi oil companies, French

بTalabani said that Iraq was ready for a new oil deals with France, but he reiterated that he would not necessarily commit to contracts concluded during Saddam Hussein's regime.

وقال الطالباني عندما سئل بشأن ما اذا كانت الولايات المتحدة ستغلق الباب على الشركات الفرنسية بسبب معارضة شيراك للحرب 'شركات النفط (الفرنسية) يمكنها ان تأتي الى العراق.

Talabani said when asked about whether the United States will close the door to French companies because of the opposition of the war Chirac 'oil companies (French) could come to Iraq.

الاميركيون لم يتدخلوا (في نفطنا) وليس لهم اي حق في ان يتدخلوا'.

The Americans did not intervene (in their oil) and they do not have any right to intervene '.

The media office of the Iraqi Council of Ministers today,Friday,the American National Intelligence Director John Negroponte met with Prime Minister Nuri al-Maliki during a surprise visit to Baghdad by.The visit comes Negroponte, chief advisor to President Bush to Baghdad while doubling the American forces and Iraqi efforts to contain the violence that has intensified in recent weeks in Iraq. The visit comes Negroponte,chief advisor to President Bush to Baghdad while doubling the American forces and Iraqi efforts to contain the violence that has intensified in recent weeks in Iraq.It is noteworthy that Negroponte had served as ambassador to Washington and Baghdad until the summer of 2005. It is noteworthy that Negroponte had served as ambassador to Washington and Baghdad until the summer of 2005.A spokesman for the Prime Minister's Office said that Negroponte's visit comes within the framework of a series of consultations between American and Iraqi governments, which began in recent weeks. A spokesman for the Prime Minister's Office said that Negroponte's visit comes within the framework of a series of consultations between American and Iraqi governments,which began in recent weeks.The American National Security Adviser Stephen Hadley had also visited Baghdad last week. The American National Security Adviser Stephen Hadley had also visited Baghdad last week.

Originally Posted by Socata 850

Adster:

Thanks,

I'll look for more info too.

On another subject: I have heard that there is alot of GOLD in Switz banks that belongs to Iraq. Have you heard or read anything about this? I am trying to locate info but can't find a source.

Here ya go...

Saddam 'stashed $1.3bn in Switzerland'
June 21 2003





Deposed Iraqi president Saddam Hussein stashed a fortune worth more than 1.13 billion Swiss francs ($1.28 billion) in Switzerland, a Swiss newspaper said today.

The business weekly Cash said the hoard included 300 kg of gold bars, which has a market value of Sfr4.5 million ($5.1 million), in an account with the gold refinery Metalor in Neuchatel.

The Swiss National Bank also said Sfr386 million ($435 million) were lodged in Swiss accounts in Iraq's name, Cash reported.

The Bank for International Settlements in Basle said it had frozen Sfr750 million ($845 million) belonging to the former Iraqi regime.

The Metalor gold had been paid in by the former Iraqi ambassador in 1991 when the diplomats shut down the Berne embassy at the start of the Gulf War.

The head of Metalor, Hans-Juerg Schaer confirmed to Cash that the gold was circulating in the refinery's workroom. The firm had informed the Swiss economic ministry, the weekly said.

The newspaper said Metalor's operations remained obscure.

Also unanswered was the question of where the gold came from. Gold stolen from Kuwait at the time of the Iraq invasion in August 1990 was still unaccounted for.

Estimates claim Saddam Hussein stashed billions of Swiss francs-worth of assets around the world.

According to the UN Security Council resolution 1483 of May 22, Iraq's confiscated wealth is to be immediately transferred to fund the country's reconstruction.

Saddam 'stashed $1.3bn in Switzerland' - War on Iraq - smh.com.au

"Estimates claim Saddam Hussein stashed billions of Swiss francs-worth of assets around the world. "

How much? Who knows...

Originally Posted by Adster

Interesting, wonder how long they've had the pictures or if they ever took them out of their book..........

About a month ago, we asked our familiar bank teller about the dinar. She said oh let me check, we just got a brand new currency book That is where we saw a pic or the dinar.