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

Originally Posted by ezcash

Based on the rumor that first surfaced regarding Nov.13.. I understood it to mean that on this date it would have a increase value to trade internationally and thats why prior to this they did not deal direct with their customers... in my mind.. thats why we were trying to find out if it could be confirmed or not.. So when I asked her if they did deal with it Mon. that would mean it would have a increased value.. maybe I haven't understood this right.....but regardless it proved to me that it was not just a rumor that B of A is contemplating something on Mon.. and according to the branch manager.. the answer is still out.. and I'm still happy! :)

I don't see it trading on the ForEx anytime in the next ??? years. Even the arab alliance in 2010 is pegging to the US dollar the first 5 years. Stability seems to be the CBI's main concern. It has to either be revalued and traded globally or it will stay where is is at and trade globally (which makes no sense!).

Originally Posted by danny51

I like your BofA story better than mine today...my manager didn't even know what an Iraqi Dinar was until I showed him in his currency book, LOL!!

Heres what happened to a friend of mine on wednesday!!Walked into a bank in ft smith ar,Benefit bank,asked if they would order the dinar for him,yes said the lady!HE told me she was ready to order for him right then and there,but he told her he wasn't ready at the moment!(he was just wanting to see if they would order for him!)So he went back the next day to actually order and guess what she said?That they had decided not to deal in the dinar because it was funding terriorest!

sarah!!!GO DINAR GO!!!!

Originally Posted by danny51

I like your BofA story better than mine today...my manager didn't even know what an Iraqi Dinar was until I showed him in his currency book, LOL!!

That's pretty much the results I've had with my branch... and with no real confirmation on Stephanies story I wasn't sure how to feel about it.. I do want to let people know that I have been on this ride for quite awhile now and emotionally just not able to get excited about rumors any more.. this rumor tho at least is one that I feel I personally was able to confirm if only for my own mind.. Now that being said... I want to emphasize that the gal said she would not know til Mon. and I am stressing that just because she was aware of the possibility.. she did not say they would for sure get the ok.
I don't want to add to anyones stress or frustration.. but to me its a positive regardless.. I have already discussed it with a member on the forum that I trust.. I will get the phone number of the branch and give it to this person and they have agreed to call tomorrow and ask for the branch manager and basically ask the same and see if there is any thing to add... good part is we only have a few days to ride this one out... :)ez

I just placed an order at Chase for dinar on Monday here in Phoenix and picked it up yesterday. I planned on going tomorrow to place another order and it will be ok with me if they tell me that I can't make any more purchases.

I hope everyone know tomorrow is VETRANS DAY, I think the banks will be closed won't they?

Ya, know I also went to the B of A today also, and I talk to the branch manager
there. I had to ask, basically the same question everyone else did.
Have you heard about the Dinar? he replied yes: If it were to be r/v ed arr you going to exchange them, reply: not until we get the release from corp. but if it does we will be ready for it. He also told me, he could not give me an answer because that is what they would call inside trading and I do not want to loose my job for that. I told him I understood. But you know how to read between the lines don't you and I said yes, and he gave me a grin. I told him thanks.
I am not saying it will but this is what I found out at B of A today.

Assigning 243 construction projects to local firms and contractors in Basra
Assigning 243 construction projects to local firms and contractors in Basra
09/11/2006
Source: Prepared by IRAQdirectory.com
Head of the Reconstruction and Development Committee in the City Council of Basra, said last Monday, that the Council approved the allocation (243) projects to local firms and contractors to begin implementation.

Ghali Najim, head of the Committee, said in a statement that "the total cost of the allocated projects is (164) billion Iraqi dinars, and all of them are within the budget of developing regions for the year (2006) "

Iraqi government to repair Shiite shrine

By BASSEM MROUE, Associated Press Writer Thu Nov 9, 4:40 PM ET

BAGHDAD, Iraq -
Iraq's Cabinet announced plans Thursday to repair a major Shiite shrine bombed by suspected Sunni extremists in February, setting off waves of sectarian revenge attacks that have killed thousands of Iraqis.
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Government spokesman Ali al-Dabbagh said Prime Minister Nouri al-Maliki would chair a reconstruction committee composed of representatives from the military, government ministries and religious groups.

The committee will also oversee the building of infrastructure such as water and power supply, transport links, and housing in an attempt to stabilize Samarra, the primarily Sunni city about 60 miles north of Baghdad that surrounds the 1,200-year-old Askariya shrine.

The shrine, one of the holiest in Shiite Islam, was heavily damaged in the Feb. 22 attack, which enraged the country's majority Shiites.

Militias sponsored by major Shiite political parties attacked dozens of Sunni mosques, sparking revenge attacks by minority Sunnis. Militia-linked death squads terrorized Sunni neighborhoods in Baghdad, with the tortured bodies of their victims found dumped on city streets or floating in the Tigris River.

In June, Iraq's national security adviser Mouwafak al-Rubaie said the government had detained a Tunisian and two Saudis for allegedly taking part in the bombing, which he described as an al-Qaida-led plot to spark outright sectarian warfare.

The rebuilding of the shrine comes as part of al-Maliki's reconciliation efforts to try to end a three-year insurgency and convince Shiite militias to stand down.

Radical Shiite cleric Muqtada al-Sadr recruited thousands of his followers in July to rebuild and protect the Askariya shrine, but dropped those plans following warnings from local residents that the move would only stoke tensions.

Immediately after the Samarra bombing, Iraq's top Shiite cleric, Grand Ayatollah Ali al-Sistani, said that if the state could not protect Shiite shrines, then "the faithful" should do so.

Al-Dabbagh also said the government decided to form another committee to oversee the rebuilding and renovation of all mosques, both Shiite and Sunni, that suffered damaged over recent years.

Hey everyone... yesterday I posted that I saw the Natl. Security Minister for Saudi Arabia on C-SPAN talking about King Fuad forgiving ALL of Iraq's debt...
Here's the downloadable video from the C-SPAN website.
I only caught the last part of the conference, and the Natl. Security guy is the last one to talk... and he's the guy who says it... but I noticed that they're alot of other bigwigs from Saudi speaking...

So here's the link... enjoy.
C-SPAN:

p.s. It's at the bottom of the page and here's a dancing bananna too...

Public Iraqi Investment Company, OFIC, strikes advisory agreement with the Nasri Group, covering a portfolio of USD2.5 billion
09 November 2006 (AME Info FZ LLC)

Omar Finance and Investment Company (OFIC), a public Iraqi company, announced that it has entered into a strategic advisory agreement with the Erbil-based Nasri Group to reorganize and fund the financial aspects of the Nasri Group's current business requirements in Iraq and its future initiatives.

Walid Al-Omar, chairman of OFIC, and Nizar Hanna Nasri, chairman of the Nasri Group, signed the agreement on July 6, 2006 on behalf of their respective companies.

The Nasri Group's (Nasri Group of Companies) diverse holdings are spread across the globe and throughout Iraq, extending from Dhouk in Iraqi Kurdistan to Basra. The Nasri Group is primarily engaged in the development of new and existing 4- and 5-star hotels (Sheraton Hotels under negotiations), the manufacture of construction materials, soft drink production plants (Pepsi-Cola), cigarette manufacturing and distribution, banking, trading, city center developments and residential complexes - among other projects.

For example, the Nasri Group is developing the Sheikhala project, a substantial Erbil commercial city center similar to the Solidere developed by Hariri in Beirut, a Pepsi-Cola bottling plant - under license - in Kurdistan, and Dream City in Erbil - a 4,000-unit residential complex.

The Nasri Group also has development plans in place in the petroleum, cement, transportation and shipping industries.

OFIC has begun setting up offices in Erbil and establishing the required public companies in Iraq, as well as approaching banks and its strategic investment partners.