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

Originally Posted by warrior44

hi rol club gang,
i went to the bank yesterday and ordered more dinar and have received it today. UMB is still selling. i don't know if they are just selling what they have or if they're able to get more when this runs out!

i have a question, did the iraqi gov. say they were handing out the 10k on the 12th or is this just speculation again?

don't take this wrong but are most of us here, are we novice at this or are there some well trained investors among us? i'm so green at this i depend on my friends here to lead the way. i'm in this for the long haul, and i know by reading on this form some of you have been waiting a long time for this.

i probably won't have a lot to offer but what i do have i will share with you all. LET'S GO R/V!!!!!!!!!!!!!!

wecome and pleass do share

I find it coincidental that now the 10,000 dinar will be handed out on Sunday the 12th, first day of their week and rumor of B of A exchanging on Monday the 13th. Just maybe it's not coincidental. makes you go hmmmmmmm...
That's me Always Dreaming...

Help!

I can't seem to find the source that says the handout is scheduled for the 12th. Who originated this information?

Thanks for all the great posts

Iraqi deputy PM sees new oil law this year


BAGHDAD (Reuters) -- A policy committee hammering out a draft oil law for Iraq now has only one key issue left to resolve and the legislation should be enacted by the end of the year, Deputy Prime Minister Barham Salih said on Thursday.

He also told Reuters projections of a doubling by 2010 of Iraqi oil exports, now at 1.6 million barrels per day, and of output to 6 million bpd from 2.3 million bpd were "conservative figures" in his view.

Oil revenues are critical to the economy of Iraq, which sits on the world's third largest crude reserves, and Salih said the way they were distributed in the country would spell the difference between a united country or its violent break-up.

"It is a blueprint for a nation at peace with itself and at peace with its neighbors," Salih said in an interview at his residence in Baghdad's fortified Green Zone. "It will determine whether we want to live together as Iraqis or not."

Salih said the committee, which he expected to meet again in a couple of weeks, still had to agree on crucial provisions governing whether development contracts with oil companies could be signed at regional or national level.

"I am hopeful we will be able to bring the group together on this matter," he said.

The contracts issue is the most critical of all because a major regional say will devolve more power over resources to Iraq's majority Shias and ethnic Kurds, who populate the oilfield regions, than the national government.

Minority Sunni Arabs, the dominant group under Saddam Hussein, fear regional devolution will leave them with nothing.

Salih chairs a government committee on oil and energy policy composed of key ministers which had struggled to overcome deep differences on the components of a new law to replace provisions dating from the rule of Saddam Hussein.

But he said a three-day "retreat" at his residence six weeks ago had overcome four of the five critical issues.

The committee had agreed that Iraq's two national oil companies should be turned into a holding company with operational affiliates to manage different aspects of the industry, Salih said.

It had also agreed oil policy would be set nationally and that the oil ministry would be restructured and transformed into a regulatory body. All revenues would be deposited in a single national account.

"The revenues will be shared between all the people of Iraq in accordance with the constitution," Salih said.

Under Saddam, the oil ministry had full control over all aspects of the industry but the revenues went to the finance ministry. Much of the money went to enriching Saddam and his close circle and to funding the military.

He deprived the main oilfield areas, the majority Shia south and the Kurdish north, of the profits from oil and left them severely underdeveloped.

Shia and Kurdish leaders are reluctant after decades of oppression to concentrate control over oil revenues centrally and have pushed in negotiations for a big say in negotiating contracts with foreign oil companies.

Salih, an ethnic Kurd, specifically rejected the word "central" but insisted Iraq's future lay in national oversight and distribution of oil revenues to ensure they were shared fairly. "We have narrowed the gap in a very significant way on this very principle," Salih said.

Years of UN sanctions, mismanagement under Saddam and now daily violence since the 2003 U.S.-led invasion have severely degraded Iraq's oil sector and it now needs billions of dollars of capital investment.

Oil had been a curse under Saddam, he said, but now could become a blessing that would help stem Iraq's sectarian and ethnic bloodletting and undermine the insurgency by Saddam loyalists from the once dominant Sunni Arab minority.

"My expectation is that we will reach consensus on the oil law. This is the indication I have from the various players," Salih said. Asked whether the law could be passed by Iraq's Shi'ite- dominated parliament by the end of the year as previously announced, he said: "I think it is realistic, very much so."

Description of Selected News

Originally Posted by tiffany

Adster has been known to take a little "Well-Needed " break from the forums every once in awhile. Just a few days ago he advised us here to step away from the computer and breathe.

The emotional rollercoaster that this investment puts us on is unlike ANYTHING I've ever experienced. Feeling a bit 'Crazed and Stressed'? Yah...me too....glad to see you a bit un-glued also Mike!!!! lol! Mr. Calm-Cool-&-Collected......good to know that it's not just me! Any 'wurd-from-the-Kurds' worth mentioning? ( now c'mon! THAT was funny! lol!)

P.S....still holding out on my lease! Only have 2 more payments...am I gonna make it? Or am I going to need to "hold out" for the vehicle of my 'choice' after a reval?

Relax everybody....only a matter of time!

Adster has put his dinar where his mouth is!!! LOL.

THE GREAT NEWS IS THAT THEY HAVE POSTPONED THE 10,000 DINARS. THAT MEANS THEY PLAN TO RV BEFORE GIVING THEM OUT.

I know we knew this but Iraq always has delays so it really is significant that they keep postponing the handout. To me this is the biggest sign that we are really really close.

HAPPY DINARING!!!!!!

Dinar-Excited

Originally Posted by Nomrah I

Help!

I can't seem to find the source that says the handout is scheduled for the 12th. Who originated this information?

Thanks for all the great posts

Anyone? I tried doing a search and can't confirm the 12th.. anyone have anything on this? thanks ez :)

OK I must of missed something where does it say they postponed the 10,000, and that it'll be given out sunday.
Can someone please repost this information. Or let me know when it was posted, THANKS

Hi Webster, I notice you reside in Australia as I do. If you don't mind me asking what part of Australia do you live in and how do you plan to cash in your dinars. Is there any bank in particular to check out do you think? I am a bit concerned as I live in a small town in Queensland and will probably have to rely on somebody in a capital city to do the ground work with the big banks before I will know what to do. Any thoughts on this would be appreciated. Thanks Quietlight

Iraqis appeared skeptical the Ministry of Oil would live up to its pledge and supply sufficient volumes of white petroleum and liquefied gas, necessary for heating appliances, during the impending winter season, given the country's shortages in oil byproducts, said az-Zaman.

Noozz.com | IRAQ