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

Originally Posted by CharmedPiper

Where did everybody go.....this is great news right???

I haven't heard anything yet. What news?

So - at what time - in Baghdad time- should we check the CBI rate on 11/12/06? 6 am, 9 am?

Cause that rate should have been changed BEFORE the start of the 10,000k give out....which I guess will start when Rashid bank and the other bank open...which I would guess around 9 am or 10 am Baghdad time...

...but will those banks be open on Sunday?

of course, I am talking about an RV - RV conditions - ....

Shouldn't we see also the IQD on the forex websites like FXStreet, ForexTV.com?

I am curious...
Or we would just wait for an article about the sudden change of the rate?

Originally Posted by CharmedPiper

Early this morning I posted a good bit of info regarding some new articles that were really corroborating tomorrow. I really feel like we are right there.....(I know I say that all the time) but extra really this time.. LOL

Charmed I also think and hope for tommorow as many other and like you.

If it isn't tommorow I go for enacting the ICI and I think HCL at the same time.

Hope is a big factor that we also need in this investment and hope is that us keep on going.

Someday it must happen and we are all there!!

Baghdad : Al-Sabah Al-Jadeed
An official source at the Central Bank of Iraq at the eleven banks Iraqis, and with the direct support by the Central Bank of Iraq and the American Agency for Development for the establishment of the Iraqi loans, which are meant to provide financial liquidity for those wishing to establish small-scale projects. The source pointed out that the company is considered complementary to the Iraqi Company for bank guarantees, announced that its earlier, , which was founded a total capital amounted to three million and a half million dollars. It is aimed at enhancing access of small and medium-sized enterprises and micro-enterprises eligible in Iraq. on loans from private banks. in addition to supporting the use of modern practices of the credit and international banking standards in granting loans to small and medium-sized enterprises. The source added that the establishment of such companies, thus contributing to the promotion of sustained economic growth in Iraq and supports the development of the private sector, indicating that give small and medium-sized enterprises such importance stems from the fact that share the spirit of individual initiative. direct any individual project work to improve the standard of living as well as an important fraction of the economic activity of many countries in the world. regardless of the level of sophistication whether developing or developed, constitute a high proportion of enterprises that contribute to the development of a high rate of the economy of these countries. particularly developed in addition to these projects contribute to the generation of employment and self-employment and contribute to help the task groups in the labor market, as well as the enjoyment several advantages, they mainly operate equipment simple and low-cost local materials and within a limited area.
Also working skills and technical background and the possibility of easily adapt to the new circumstances in the market and rapid response to their needs, in addition to its contribution to the rehabilitation or changing the infrastructure or equipment, tools such as the development of agriculture, construction or production of commodities essential services in times of crisis. As regards the establishment of this company to study the conditions of projects in Iraq, The possibility of exposure to profit or loss, The source pointed out that despite the face of small and medium-sized enterprises to problems and many challenges, especially in times unstable security, but, and as much as it is the banking system, the problem facing these projects cash funding for the establishment and support of such projects.
For this purpose is the establishment of the Iraqi company for bank guarantees for the time being the mainstay of such projects, in order to assist them in obtaining loans from banks to participate special Iraqi capital of the company, in addition to helping those banks through the utilization of the amount of the guarantee for the development of a loan management and managing risks, knowing that the company owned by the (11) Iraqi banks and supported by the Central Bank of Iraq, Because of the importance of the role played by the company in deepening the role of the Iraqi market.
He continued that the security payments vary according to the type of risk associated with volume up security to 75% of the value of the original loan. , which ranges from $ 5000 to $ 25000. He pointed out that the company's operations are focused on institutional development and capacity-building for banks and financial companies at the same marketing and the application of loan guarantee program, He emphasized that the company's activities will cover all parts of Iraq by the network branches of the banks involved in such comprehensive coverage, It will assist small and medium-sized enterprises to enter the world of credit to all governorates of Iraq. It will ensure the company through bank loans made by participating banks to provide loans with a high level of quality in the productive and service projects, agricultural and commercial.
Translated version of http://www.newsabah.com/paper.php?name=News&file=categories&op=newindex&ca tid=20

Originally Posted by CharmedPiper

The date is November 1, 2006

azzaman

2006 / 11 / 01

Trade : the distribution of grant holiday next week Baghdad-Khayoun Ahmad Saleh The farmer Abdul Sudanese Minister of Trade to grant the Feast of 10 thousand dinars for each citizen will be distributed through government and private banks, beginning next week, for three months ending on the last day of the month of January. He said in a press conference held in the office of the ministry yesterday and attended by (time) that the banks will exchange the grant is the Rafidain and Rashid banks and the civil and in accordance with the mechanism itself, which was done in exchange for permits countervailing provisions) he (the term of non-renewable). And that amounts to be distributed are 300 billion dinars, the equivalent of $ 200 million), indicating (that the ministry was currently studying the issue of the distribution of the components of the ration card as income level), he said (that accurate information about the level of income is not available in the ministry and in my opinion it does not overshadow the one-time and distributed once a stay of a to enter the Supreme The owners of some items they have incomes low-lying portion of the favorite) and on the question of children's toys instead of a culture of violence, which he said (that the ministry is drawing strong controls on that and the control of incoming materials to Iraq and knowledge of the quality and validity of consumption, we are in this area is making arrangements and measurements general internationally agreed upon agreement with the Ministries of Planning and Finance (customs), and is currently preparing general arrangements which prevent the arrival of the goods harmful to the community, including the toys that reflect the culture of violence in this country, one of the remnants of the former regime because of this culture must be wiped from the minds of this community and was changing prevail w Gafh peace and live with other private and no games, which develop the skills of children and child Kabliath directed towards building and in this regard also now cooperating with all government bodies and security agencies to prevent the entry of these games which affect the behavior of children. Azzaman International Newspaper-2536-Issue Date 02 / 11 / 2006

The highlighted part is the only thing i don't like. If i understand it correctly, it's using a 1470 exchange rate (approx.).

Of course this may not be official and the numbers could be "as of" the date published...

Now this is what I call one motivated dinar investor!

They need to saddle-up quick on the IQD before the stipend is issued. And CP is right about the poorest being first. How many Iraqis live below the poverty level? And how many children are affected? With the IQD being returned to a proper & rightful exchange rate would solve many problems, ie... Investments for the benefit of Iraq, Public Services (such as Health & Utilities), a Future?

If they do not adjust the IQD exchange rate to a respectable level before the stipend, I believe it will only make matters worse. This is what logic dictates...

I have to leave for work and just caught up, wow great news all over the place!!!

Very good finds everyone, especially about the 10k grants going out and being posted in official gazette, I think if indeed it is dated the 12'th then we are in business to see them distribute the grants for sure...

EVERYONE PLEASE NOTE :

There is no way, no how, that the troops will be pulled out anytime soon unless Bush gives the order, I may not know alot about the investment of Dinar like some of you but this is my territory when speaking of the Military...
Bush can block/Veto any bill deciding on and will do so...
It is not in our best interest or Iraqs for us to pull out at this point or anytime soon, we learned alot with Veitnam, we will not make the same mistake...
Go ahead pull the troops out, we will then have lost the war with Iraq, terrorism, and Iraq would lose their country... Could you guys see what would happen if we left? Could you imagine Iraq ran by the Insurgents and terrorist, and we thought Saddam was bad and oil was high right now, forget about it...

I'm not very well educated in the political scheme of things but I'm also not too stupid...
Hopefully the Dems are not too stupid to see this too...

There should be no debating this subject on here at all, actually consider it a closed case no matter what you read!!!

Have a great night everyone and post tons of news for me to come home and read tonight!!!

Originally Posted by Caviar Dreams

Certainly great news all around, but I believe that Saudi said they "promised" to write off Iraq's debt, it hasn't actually occurred yet.

no, then they turned around and gave them a loan or grant or somethin. now why would they not intent on forgiving debt and loan more money out???

the king isnt that stupid or he wouldnt be that rich. he knows whats goin on better than we do, lol.

Any news today ?

Everyone seems excited..........