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

Any thoughts on today's auction...I still fee like we could still reval anyday.....did we ever get a link for 30-days for FIL automatic enactment.

Originally Posted by Frank Rizzo

Here is the Kurds HCL law...pdf...learn it, know it, live it...

http://web.krg.org/pdf/Kurdistan_Act...tober_2006.pdf


I haven't gone through it yet, but I bet it's gonna be similar to Iraq's...


This pdf supposedly explains it...

http://web.krg.org/pdf/EM_Kurdistan_...tober_2006.pdf


Here's a dancing bananna too...

I did a quick review and this is the first thing i noticed.

Article 19: Special allocations
The Parliamentary Committee referred to in Article 18 of this Act shall propose efficient, cost effective means to make the following guaranteed special allocations of Revenue received by KOTO, to be established by law:

(a) an allocation of ten percent (10%) to be distributed as an annual dividend to each and every citizen of the Kurdistan Region;

(b) an allocation of not less than seven percent (7%) to an investment fund for future generations of citizens of the Kurdistan Region, managed by trustees appointed by Parliament, and invested on the basis of sound economic principles so as to become a significant source of income for the Kurdistan Region at such time as the petroleum wealth of the Kurdistan Region and Iraq declines;

(c) an allocation of not less than one point five percent (1.5%) to be distributed as an annual dividend for citizens of the Kurdistan Region who suffered, or who suffer, extraordinary hardship as a result of the policies and practices of the previous regime in Iraq, including but not limited to veterans, dependents of those killed, and those who suffered physical or psychological disability or who suffered great loss of property;

(d) an allocation of not less than one point five percent (1.5%) for the Environment Fund, for projects to restore and rehabilitate the natural environment of the Kurdistan Region, including but not limited to reforestation, de-mining, anti-pollution measures, the creation of urban green spaces, national parks, and the preservation of wildlife; and

(e) an allocation or allocations, to be distributed annually, in an amount or amounts to be recommended by the Parliamentary Committee, for any elected bodies of citizens of the Kurdistan Region who are members of an ethnic or religious minority, including Arabs, Turkomen, Chaldeans, Assyrians, Syriacs, Armenians, Sabean-Mandeans, Yazidis, Shabak, Kakai, Jews, Baha’i, and other minorities, to support the special social, cultural and governmental needs of the Kurdistan Region’s minorities within the Kurdistan Region.

Originally Posted by webinvestor

Or should we say Iraq's will be similar to the Kurd's ... :-)

You got me...



I guess I meant to say that Iraq might have the same stuff...

Concerning the BOA 13 trade date. There was one post a few days ago from a guy who talked to a rep of BOA in the pacific northwest who confirmed that they were going to trade dinar on that date. Does anyone remember a post that reported BOA in Chicago trading Dinar a few months ago? Like many others I have read sooo much It is difficult to keep it all straight.

Originally Posted by Frank Rizzo

You got me...



I guess I meant to say that Iraq might have the same stuff...

Ya, i figured that, And i agree, they probably will have similar sections - no matter how you put it.

Originally Posted by CharmedPiper

I am not sure if this had been posted earlier in another thread but I just ran across it. It's a good read.

Iraq Investment and Reconstruction Task Force

U.S.-Iraq Business Dialogue: Membership Opportunity
October 2006

On October 30, the U.S. Department of Commerce published a Notice in the Federal Register announcing membership opportunities for American representatives to join the U.S. Section of the newly-established U.S.-Iraq Business Dialogue. The Business Dialogue is a bilateral forum to facilitate private sector business growth in Iraq and to strengthen trade and investment ties between the United States and Iraq. Further, the Sections will advise the U.S. Department of Commerce and Iraqi Ministry of Trade on private sector views of Iraq's business environment and make recommendations for ways to enhance Iraq’s commercial development. The application deadline is December 5, 2006. For more information, please review the Federal Register Notice.

im likin this one!!

Originally Posted by Frank Rizzo

KRG.org , 22 Oct 2006
KRG petroleum law to go to Kurdistan parliament

Office of the KRG Spokesman

Sunday 22 October 2006, Erbil, Kurdistan - Iraq (KRG)

The Kurdistan Regional Government (KRG) today published a draft of the petroleum law for Kurdistan. This draft will be forwarded to the Kurdistan National Assembly, the Region's parliament, for its consideration. The Minister for Natural Resources, Dr. Ashti Hawrami, today issued three press releases addressing different aspects of the law, including revenue management and the KRG policy on the Kirkuk oil fields.

The draft has benefited from further comments and suggestions to the two previous published drafts.

The Act is accompanied by a detailed Explanatory Memorandum.



Links to press releases:


KRG Final Draft Petroleum Act

Revenue Management and KRG Draft Petroleum Act

Kirkuk Oil and the KRG Final Draft Petroleum Act

The Minister announces the completion of the draft Act, outlines the revenue management principles of the draft Act, and dispels some myths about Kirkuk.



The Kurds definatley have their ducks in a row... does anyone know if and how you can open a bank account there???

warka has branches there too.

news already posted

The Kurds are Iraq's success story...they really know their business. With the enactment of the rest of Iraq's FIL expected this weekend, if our calculations are correct, our reval has to happen in the next few days (JMHO).

Welcome to The 2nd annual Kurdistan DBX International Trade Show, Suleimaniya, Kurdistan-Iraq, Nov. 11th- 14th, 2006. With great excitement and anticipation for what promises to be second in a long line of successful annual expos, the Iraqi American Chamber of Commerce and Industry is pleased to announce The 2nd annual Kurdistan DBX International Trade Show, Suleimaniya, Kurdistan-Iraq, Nov. 11th- 14th, 2006, which is to take place in the city of Suleimaniya in the Kurdistan Region of Iraq. Do not miss this historic event taking place from 11th - 14th November 2006.

http://www.i-acci.org/Press%20Release.pdf

Japan monitors impact of Rumsfeld''s resignation on US Iraq policy

POL-JAPAN-US-RUMSFELD
Japan monitors impact of Rumsfeld's resignation on US Iraq policy

TOKYO, Nov 9 (KUNA) -- Tokyo is closely watching the impact on the US government's Iraqi policy and its military realignment plan in Japan following the resignation of US Secretary of Defense Donald Rumsfeld.

"Rumsfeld's resignation does not change our stance on supporting Iraq because we are carrying out reconstruction assistance based on policies we decided on independently from the viewpoint of our national interest," Japan's top government spokesman told a news conference Thursday. "We should continue to contemplate what we can do and what will be effective in supporting Iraq on its path to independence," said Chief Cabinet Secretary Yasuhisa Shiozaki. He added that Japan's Air Self-Defense Force, currently based in Kuwait, will continue transporting UN personnel and supplies to Iraq for reconstruction work.

After the ground troops completed their withdrawal from the southern Iraqi city of Samawah in July, Japan's air units expanded its airlift operations to cover airports in Baghdad and Arbil, further north of the Iraqi capital, in addition to the one it has been flying to in Talil near Samawah.

However, Defense Agency Director General Fumio Kyuma said Japan's reconstruction efforts in Iraq could be affected by a change in America's stance on Iraq. "Defense Secretary resigned after considering the negative reactions at home and abroad to the US policy on Iraq," Kyuma said. Regarding the plan for the realignment of the US military presence in Japan, agreed by defense and foreign affairs ministers of both countries in May, defense chief said the US has no choice but to make the same policy decisions regardless of who the defense secretary is. US President George W. Bush announced Wednesday the resignation of Rumsfeld and named former Central Intelligence Agency Director Robert Gates as his successor. (end) mk.

rk


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