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

Originally Posted by Socata 850

After reading many many posts about upcoming dates and events, is it safe to say that the 10K distribution will not happen within the next few days? Without the distribution there does not seem IMO to be any rush to reval the dinar am I correct in my thoughts? It seems Maliki is enjoying his position so much that there doesn't seem to be any real reason to change the status quo in the near future. SGS can you help by giving your insight and opinion to these two issues. Thank you

considering we just read that saudi is forgiving all their debt a few posts back, and kuwait now has been paid back for being attacked by iraq that might calm those two. they were the last of the indebted countries to be negotiated with.

without those two things happening we really didnt have much of a chance of them revaluing as they wouldnt have wanted those countries to be paid back still. the weekend is just starting for them so lets see what happens on sunday, their first full week with no debt.

Originally Posted by One Oar

I've spent about 3 hours this morning looking for some type of confirmation on the 30 day rule. Got nothin so far. I'll keep looking.
Appreciate everyone's continued digging.

This might help, perhaps you already saw it.



http://www.rolclub.com/iraqi-dinar-d...tml#post132730

Originally Posted by Jola

The only problem that I see with that is the fact that in the FIL pdf says clearly that it needs to be published in the Official Gazette.

I know that the subject has been discussed on the forum, but I feel like this law is too important to take the easy route of just being published in the government newspapers without being officially published in the Gazette.

So, how do we stand from this point of view?

have you seen the updating technique on the official gazette site? i think especially for the FIL they changed it to where it can be published in a widespread newspaper so everyone can be alerted immediately.

ive never seen them say laws are official when published on a wide circulated newspaper before now so i think they just made that rule.

Originally Posted by motomachi

Now brush your teeth and get ready for bed!



http://siteresources.worldbank.org/I...raqOct3106.pdf

http://www.iamb.info/pdf/unsc1637.pdf
Re-read Items numbered one through seven on pages three!

Well...I read thru this and it is REAL good info...which part make you believe we are there and they are goingt to reval?

Originally Posted by kiko

Maysan Governorate Council urging investors to invest in conservation
Nizar from Nadi
Maysan - (Voices of Iraq)

Maysan Governorate Council called today, Thursday, the owners of companies and capital, local and international investment in the province of Maysan.
Taha said the guest Chairman of the investment in the preservation News Agency (Voices of Iraq) Independent today that the "legislative and executive bodies to maintain and provide all the guarantees provided for the establishment of investment projects in various economic areas."
He added that "the Council is holding a workshop for businessmen in the province to publicize the advantages of the Iraqi investment law, which was approved by the House of Representatives recently."
In the same context, committee chairman, development and reconstruction in the Mohan What Shabib Al (Voices of Iraq) that "the preservation is ready to provide all the facilities for investors from the administrative, technical and take the necessary measures to encourage the process of investment in this province." noting that enjoyed by preserving resources will contribute to one Th quantum leap in the reality of maintaining political and economic aspects.

The Parliament ratified the Iraqi investment law in the Iraqi 10th of the month of October last October, It was submitted to the presidency of coincidence it to be valid.

ãíÓÇä- ÅÓÊËãÇÑ :: Aswat al Iraq :: Aswat al Iraq

The FIL had to be approved the President and then published in the official Gazette before it is enacted. I never read that is was approved by the President. Looks like this is done now!!

Now it only has to published which can be done anytime.

Here is Prime Minister Nuri al-Maliki talking about the FIL in this article dated 27 October 2006.

Iraqi PM says no deadline for US pullout, rejects militias at news conference | Iraq Updates

Economy, rights, education

The first track is that of improving the Iraqi economy, easing the brunt of poverty inherited from the former regime, and providing public services after the destruction of the infrastructure. Praised be God, there is large improvement in the economy and per capita income and in the level of services that are rendered daily in the various governorates. Also there is improvement in the fields of investment and economy and a rise in the level of income. Hundreds of thousands of jobless people have been employed. This is something which must be taken into consideration. I confidently say, based on accurate figures, that hundreds of thousands of people were absorbed in state institutions in the various domains. These include the educational and industrial sectors. Tens of thousands of people who were dismissed for political reasons during the former regime have been reinstated.

"It also pleases me to talk about the strength of the state in entrenching principles of human rights and developing the educational sectors and higher education. It improved performance in these areas after having inherited ruined schools and universities. Praised be God, our universities have now started to recover and our schools have started to regain their status. Determination is still strong. The state will allocate a large explosive budget next year for all sectors. The budget will for the first time come close to 40bn dollars from 19bn dollars in the first year.

"In order to develop the economic and investment sectors, the government has succeeded in enacting an investment law, which was approved by the Council of Representatives. The Iraqi scene is now open for all national and foreign capital to invest and participate in improving the economic life, creating work opportunities and improving economic performance. There is room for investment in all industrial, agricultural, oil, housing and trade sectors. This gives the Iraqi economy strength and bases it on stronger foundations. It also gives us a chance to move forward towards investment in major projects that will be accomplished this year like the great port of Iraq, airports and large housing complexes. The government has made up its mind to do this and we have instructed the official quarters in the state to allocate a piece of land to every citizen who loses his land and needs to build a house. The real estate banks have also been instructed to provide the citizens with the necessary loans to build houses. The government will pay part of these loans in the form of grants and gifts. The government is also planning to build residential complexes in all governorates and districts to ease the crisis from which the inhabitants are suffering due to the dense population.

Originally Posted by Socata 850

Seriously now, what is remaining for them to do if they don't reval this weekend? Is it the HCL or have we missed some other significant part of the checklist that has to be in place for them to be able to enact the reval?

kuwait and saudi debt they have been workin on forEVER.

Originally Posted by PlatanoKing

Here is Prime Minister Nuri al-Maliki talking about the FIL in this article dated 27 October 2006.

Iraqi PM says no deadline for US pullout, rejects militias at news conference | Iraq Updates

Economy, rights, education

The first track is that of improving the Iraqi economy, easing the brunt of poverty inherited from the former regime, and providing public services after the destruction of the infrastructure. Praised be God, there is large improvement in the economy and per capita income and in the level of services that are rendered daily in the various governorates. Also there is improvement in the fields of investment and economy and a rise in the level of income. Hundreds of thousands of jobless people have been employed. This is something which must be taken into consideration. I confidently say, based on accurate figures, that hundreds of thousands of people were absorbed in state institutions in the various domains. These include the educational and industrial sectors. Tens of thousands of people who were dismissed for political reasons during the former regime have been reinstated.

"It also pleases me to talk about the strength of the state in entrenching principles of human rights and developing the educational sectors and higher education. It improved performance in these areas after having inherited ruined schools and universities. Praised be God, our universities have now started to recover and our schools have started to regain their status. Determination is still strong. The state will allocate a large explosive budget next year for all sectors. The budget will for the first time come close to 40bn dollars from 19bn dollars in the first year.

"In order to develop the economic and investment sectors, the government has succeeded in enacting an investment law, which was approved by the Council of Representatives. The Iraqi scene is now open for all national and foreign capital to invest and participate in improving the economic life, creating work opportunities and improving economic performance. There is room for investment in all industrial, agricultural, oil, housing and trade sectors. This gives the Iraqi economy strength and bases it on stronger foundations. It also gives us a chance to move forward towards investment in major projects that will be accomplished this year like the great port of Iraq, airports and large housing complexes. The government has made up its mind to do this and we have instructed the official quarters in the state to allocate a piece of land to every citizen who loses his land and needs to build a house. The real estate banks have also been instructed to provide the citizens with the necessary loans to build houses. The government will pay part of these loans in the form of grants and gifts. The government is also planning to build residential complexes in all governorates and districts to ease the crisis from which the inhabitants are suffering due to the dense population.

According to this article the FIL has been enacted....is that everyone else's interpretation???? I posted an article earlier where U.S. Spokesman Tony Snow was talking about the FIL being enacted and that was the end of October also...????

Originally Posted by Treater

This might help, perhaps you already saw it.



http://www.rolclub.com/iraqi-dinar-d...tml#post132730

Thanks Treater, I did read that. Seems everyone was convinced that the 30 day rule was automatic. May have been a statement or assumption that just grew legs. Yours may be the answer. We will know soon enough.

Originally Posted by shotgunsusie

considering we just read that saudi is forgiving all their debt a few posts back, and kuwait now has been paid back for being attacked by iraq that might calm those two. they were the last of the indebted countries to be negotiated with.

without those two things happening we really didnt have much of a chance of them revaluing as they wouldnt have wanted those countries to be paid back still. the weekend is just starting for them so lets see what happens on sunday, their first full week with no debt.

Hey Susie - I thought I read somewhere (don't know where - I'll try to dig it up and post it if I find it - Although I'm pretty sure another user posted the link a few pages back), that iraq only paid a portion of reparations to Kuwait. Something like $11.2B, but the total amount owed was something like $40B+.

Has Kuwait said that the $11.2B is good enough? I don't recall seeing that, but I may have overlooked it. I thought this same article stated that Kuwait actually wanted more than the agreed upon $40B+. I'll try to find that link that someone else posted, and re-post it.

I guess the point is, I don't think the Kuwait reparations issue is settled.

Well, don't trust my memory - I never do! But I think that the 30 day rule was in the constitution or some related document that layed out the way laws would be made, and not in the FIL itself. You probably knew that but, just in case...

Also, there was something else about being allowed 60 days to come up with the instructions or regulations on how to actually "use" the law before it would go into effect. Conflicting information - what else is new?

I hope this helps.