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

Many countries want to be open with Iraq

Baghdad, Nov. 18, P. 2Wills of world countries increased to openness to Iraq at all horizons of trade and economic exchange and all other fields because of Iraq's possession to constituents of promising economy and its huge resources and its big need to modern technology in its next explosive plan to achieve strategic projects, spokesman of Trade Ministry said.He stressed that Cabinet authorized Minister of Trade to sign deals with Singapore, Azerbaijan, and India.

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Originally Posted by Lakeway

You can travel pretty much anywhere in the world with the DINAR. The metal strips will not set off anything that I can tell. At least 15 million will not set off anything. You can travel with as much currency as you wish to coming into the US as long as you declare anything over $10,000.00. This is the way I understand it to be anyway.

is it $10,000 in usd that is the limit, or just any currency with a value of $10,000 usd or more?

Originally Posted by DinarEngineer

If only the rest of the country was like the Kurdistan region. We would've had our party a loooooooooonnnnnnnggggggg time ago. They REALLY have their stuff together. Unlike those nuts in the south (Sunni's & Shia's) Maybe they will get it together soon enough. Go Dinar!!!!!!

All the best

D.

Exactly,

This has always been my take on issues as well. After all, when you look at all of Iraq, Kurdistan has had the most economic growth and prosperity, even when under the rule of Saddam, they still managed to protect themselves as well as prosper, and I find that simply amazing.

Having delt with the Kurd's on a few projects has given me a little insight in how they operate, and not being familiar with Baghdad for obvious reasons when Saddam was in power, I can now see just how ass backwords Baghdad is in relation to Kurdistan.

When you know it was the Kurd's who hammered out FIL and most other major economic bills, you start to see who should really be in control of gov. in Iraq. I personally feel it is time to seperate regions now that the fair distribution of oil wealth issues are complete for some things you just cannot change, and sectarian violence is one of them.

With all the killing these past few months, it is now painfully obvious Iraq cannot function as one nation as the hatred created by Saddam's regime runs too deep to ever correct or change. Killing exists for no other reason than greed, always has, always will. Under Saddam, the minority were the wealthy, under new gov., ironically, the Suni fear being the poor, how ironic is this? With a fair distribution of wealth, all these issues will desolve and then back to normal greed, not sectarian greed, and although killing will still go on, it will not be for greed or money, it will be for sectarian reasons, which is back to basics as this is common in middle east region.

The sooner the economics is squared away, the better off everyone will be, including all of us. You cannot win this war on terrorism when the ones blowing themselves up are the sub poor and illiterate. Why do you think the insurgents are attacking the educators? They know that if you keep illiterate majority, which ultimately were the most poor, then they had a pool of suiciders to draw from. This is so simple to figure out, yet the U.S. and Iraqi gov. seem to be missing the point, you cannot stop sectarian violence until you end poverty.

Speaking of poverty, the word from my Kurds is still no word on 10K handout. This may have more to do with revalue potential than I first thought, so time will tell why they have delayed it longer than anyone thought, but here is hoping it is for a good reason. Given the equal distribution in Kuwait, the 10K would make more sense if revalue was at dollar rate, and this could be just the first distribution, of which three more would be ideal on a quaterly basis as I would like to see.

On a sidenote, imagine if they held this 10K over the heads of all Iraqi's as a tool to stop sectarian violence. In short, if one is caught in any sectarian violence, they and their families are cut out of the distribution system. In addition, anyone caught looking the other way on violence would also loose their distributions. And to take it a step further, any illegal activity, such as black marketing, price gouging etc. would also end distributions. As I have always said, the majority of violence could have ended ages ago if they would have put all the money wasted on security directly into the hands of the poor, the suicide killings will end.

Good luck to all, Mike

Baghdad, Nov. 18, P. 1
Prime Minister Noori Maliki announced to some of procedures which taken during next few days to stop violence and appealed neighbor countries at his visit to Turkey to support Iraq in his battle against terrorism and succeeding national reconciliation.

Maliki said at joint press conference with his Turkish counterpart Rajab Ardogan that Iraq witnesses interventions and regions revenges which Iraqi people pays its price, stressed on importance of Iraqis unity and refused principle of Iraq's division.

Meanwhile observers see that Maliki's visit achieved expected results at political, economic, and security fields and fighting terrorism.

Originally Posted by railroad

I'm with ya....But I have a question....Let say you are right on the mark with this and it gets in the neighborhood of $1.48, and does not go on the forex, what's our options? Do we buy a ticket to "way down under and then fly to northern Iraq to deal with Iraqi banks? All the banks I have been calling and dealing with say they won't trade until it's on forex. By the way I was in a bank the other day, in good ol Alabama, Regions as a matter of fact, told me they did not deal in dinar yet. Key word here being "yet". But they expected to when it was on forex......just some early morning thoughts to start my day....

there are plenty of chase banks that will buy your dinars...

Meisan Tribes sign Document

Meisan, Nov.18 p3
All parties and the national forces besides tribes in Meisan signed on Imam Sadiq for the national honor document in presenting of the sent delegation from PM Norri al-Maliki yesterday.On the other hand, Karbala'a governor Aqeel al-Khazragee emphasized that, he wouldn't allow existing of any armed militias whatever kind of it including that the known of taking the slogan of (ordering of good work and preventing the evil work), adding that he have fatwa (legal opinion) from the wise reference allowing him beat them uncovering of a terror plan aiming hit Karbala'a.Meanwhile, the document called for hiding all armed types in the province districts, but just to keep the weapon at the army and security forces hand.

Originally Posted by mike brown

saying they pegged at .05 , why would speculation be bad ?

2nd attempt...

if they pegged at $.05 , why would even more speculation be bad or good for this speculation?

Originally Posted by Offshore-Wealth.com

Interesting,

I have knowledge of several middle east countries banking, and they all seem consistant with normal banking, and that is, you cannot hold currency in accounts in anything other than the currency of such country. Simply put, U.S. accepts only dollars, Iraq only accepts dinars on deposit. So if you want to hold any currency in any bank, then use safe deposit box systems. You can hold as much currency as you want in this method with no concerns.

The only concern for those in U.S. is that money in safe deposit boxes is not protected under the FDIC system, which covers you up to $100K, which is really quite funny since gov. cannot cover even a penny on the dollar, so FDIC is a bit of a joke if there was ever a banking implosion, so in reality, if all U.S. banks were imploding at the same time, you would be better off having a safe deposit box than an account. And by all means, if you plan on sitting on any currency, make sure it isn't dollar. Keep most of your dinar for long term gains is far better than exchanging it for U.S. dollars.

Good luck to all, Mike

Actually, banks in other countries, such as Switzerland, do have foreign currency accounts. My bank here in Canada has just started offering this service (other than US accounts which have always been available here). I haven't asked what currencies they will handle. I know that particular bank was not selling dinars.

Iraqis at the top of foreign investors in Jordan

Baghdad morning The official statistics indicated that the number of Iraqi investors in Jordan and officially registered with the corporate control of the very last September stood at around 3927 investors. As the volume of their investments to 345.7 million Jordanian dinars over the past six years and distributed among different sectors of production. The bulletin issued by the Ministry of Industry and Trade of Jordan that the Iraqi investors holding first place between the numbers of non-Jordanian investors has been estimated volume of investments in the first ten months of this year, nearly 118 million Jordanian dinars. The bulletin pointed out that these investments represent about 12% of the total investments in companies registered in Jordan during the first ten months of this year amounted to 982.4 million dinars also represent about 32.5% of the investments of non-Jordanians that their bulletin about 336 million dinars. The bulletin pointed out that the services sector investment volume reached about 140.3 million dinars and about 15 million dinars in the agricultural sector and 3.5 million dinars in contracting. According to figures issued by the Department of Lands to the Iraqis bought during the first ten months of this year, real estate and land equivalent of 76 million dinars. a total of 1.9% of the total sales in this sector. and about 50% of the total sales of non-Jordanians in the period referred to solve this and the Iraqis on the top of the list of investors in the land and property of non-Jordanians. , followed by Kuwaitis who used to occupy the first place, The Saudis ranked third, followed by Holders of American citizenship then the Syrians.


Translated version of http://www.alsabaah.com/paper.php?source=akbar&mlf=interpage&sid=32983

Bahrain Thath first forum for the support of Iraq

Set up in March will be attended by more than 700 company Baghad Haider spring Bahrain prepares to host the first Gulf Iraqi Forum for the period from 24 March 26, 2007. That is expected to involve a large number of Iraqi companies, and the Gulf in all service sectors and new oil. Etc. .. This was stated by the Iraqi ambassador in Bahrain during the press conference held by the company Magnum The organization and holding of conferences and exhibitions to the announcement of hosting the forum. The ambassador added. The Forum will be a great opportunity for the Gulf and Iraqi companies to meet and engage in trade partnership could be the implementation of joint projects between the two sides Mushaddaali the importance of good preparation for the Forum and the selection of participants of the forum achieved its objectives. He also said that the services sector and the reconstruction will take the largest space, but he pointed out the importance of the stability of the security aspect, which is the backbone of the reconstruction and the entry of the contributing companies. The Ambassador pointed out that a number of companies, including Bahraini companies failed to get approval for the opening of miles between Bahrain and Iraq. However, the Bahraini authorities considered to be a formal agreement between the two countries and the government. Iraq has responded to this desire, we are in the process of obtaining final agreement in this regard. For his part, board chairman of the Department of Magnum Exhibitions and Conferences (Jamil Wafa) is the company that will contribute to the organization of this forum is that the choice of Bahrain to hold such a very effective in view of the importance of relations linking the two countries long and strong. He added hope to be able to contribute in some of the Iraqi people through facilitating the convergence of Gulf businessmen and the Iraqis to discuss ways and means to provide support and enter into joint ventures. He pointed out that this conference is the first trade forum organized by the Iraqi government outside Iraq for the promotion and strengthening of relations with the Arab Gulf states, It is hoped that will be held annually in one of the Gulf states and will provide a great opportunity to establish a working relationship successful and lasting. He pointed out that the group (ie Vision) Iraq is responsible for the organization of the agreement and cooperation with the company expected Magnum with the Executive Chairman of the Group (ie Vision) on the organization of the Iraqi Forum participation of a Rumors of 700 companies, including 100 companies of Iraqi stressing that the forum would be organized under the supervision of the Iraqi government and the Ministry of Trade and the government of Kurdistan and some Iraqi ministries such as oil, transport and telecommunications, electricity, housing in addition to the Irish Iraqi trade. He pointed out that a plan was laid out six months ago to set up a forum so successfully attracted participants from the Gulf States to support the commercial sector in Iraq, expressing his optimism about the success of the event and the achievement of the desired goals. For his part, welcomed the Executive President of the Chamber of Commerce and Industry, Bahrain Abdul Rahim pure organizing this conference room, pointing to the willingness to participate in this forum, which seeks to support Iraq.

He said we are happy to work to strengthen trade relations between the private sectors in Bahrain and the Gulf states and Iraq.