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

Originally Posted by mogo

looks like i am in the running for adsters 50k of dinars with my guess of november 2007 at $0.16

At this point MOGO I wish you would win!!!

Originally Posted by goldraker

Ya but, will they or can they RV without being in control of their own money?

If they make the Big Boys pay for exported Goods in Dinar.

Also what a task of getting the Subsidized award to the people.
I all the pictures I have seen of Iraq, I dont beleive they have mail boxes attached to the homes. This Really is thirdworld no matter how much oil they have ready to unload.

As Americans or others of us who live in more civilized and organized countries of the world we really take for granted the most simple of things - like having a mail box.

Most of the Iraqis dont want to risk their lives to get this subsidie - I beleive if they have took some sort of a cencus, there must have been separated into provences. Perhaps they should issue it in the form of a CC with the benefit requiring ID for using it.

All I know is that they have certainly got their hands full on how to get this done. I agree with another poster. If Maliki cared about ALL of his people he would realize that WHERE THERE IS A WILL THERE IS A WAY! and get it done.

Winter is also upon them soon. I hope they start to get the things they need all the way around.

Originally Posted by texaslonghorns

At this point MOGO I wish you would win!!!

At this point, an Reval will have taken place lonnngggg before then. As well as much higher.

Originally Posted by pipshurricane

This news mean then that Iraq is NOT ready to fully control oil revenue. Deposits will continue in New York......and not the Central Bank of Iraq.
They may review this decision by June............

UNSC set to extend MNF force next week until Dec 2007

POL-UN-COUNCIL-IRAQ
UNSC set to extend MNF force next week until Dec 2007

UNITED NATIONS, Nov 17 (KUNA) -- The UN Security Council is scheduled to extend the mandate of the Multinational Force (MNF) in Iraq next week until December 31st, 2007 and that in response to a request by Iraqi prime Minister Nouri Al-Maliki.

According to a draft resolution circulated among council members, the council would review the MNF mandate no later than June 2007 and declare that it will terminate its mandate earlier if the government wishes to.

The council would also extend until December 2007 the arrangements to deposit the proceeds from oil and natural gas export sales into the Development Fund for Iraq and the arrangements for the monitoring of the Fund by the International Advisory and Monitoring Board (IAMB).

These two kinds of arrangements would also be reviewed, at the Iraqi government's request, no later than June 2007.

The council would also ask the US to continue to report to the council, on behalf of the MNF, on the efforts and progress of this force on a quarterly basis. (more) sj.

Kuna site|Story page|UNSC set to extend MNF force next week until Dec 2...11/17/2006

Correct me if I am wrong but, isn't this a good thing...they could revalue the currency (as has been agreed by all parties) and it is backed by oil revenues etc. that is being watched over and controlled outside of Iraq....so they (Iraq) can't screw it up so to speak. Wouldn't this give international investors more of a security feeling in their investment.

Originally Posted by willie 2

This is one of the major reason's that Malaki should go, along with the militia situation he has no concern for his people. Everyday I think of this and it just makes my blood boil. Compare this to the USA whenever we have an earthquake or flood (not counting Katrina) relief for the citizens is immediate. This government has been in long enough in my opinion to supply it's citizens with food. MALAKI HAS NO EXCUSE!!!!!

PERHAPS THE MILITARY SHOULD DISTRIBUT E THE RATION CARDS. IT WOULD MAKE SENSE. SUPPOSEDLY THEY ARE AMIDST THE PROVINCES ANYWAY. SUPPOSEDLY PATROLING FOR DEATH SQUADS AND KIDNAPPERS.
IF THEY DID IT IT WOULD GET DONE MUCH MORE QUICKLY.

BUT FORM THE SOUNDS OF THIS ARTICLE - THEY ARE SO ENTRENCHED IN POVERTY IT IS A SHAME. DOES ANYONE THINK IT WILL EVER CHANGE. lol
IN WASHINGTON, DC. THERE ARE LARGE NUMBER OF HOMELESS. WITHIN BLOCKS OF THE WHITEHOUSE. THIS GOVERNMENT WILL BE NO DIFFRENT.
THEY WILL MAKE PURPOSELY FEBBLE ATTEMPS TO GET THINGS DONE, WHILE THEIR AGENDAS ARE AT THE TOP OF THE LIST.

> Iraq debts vanish
>
> November 19, 2006
>
> Members of Paris Club
>
> On the 11-21-2004 Iraq negotiated a preliminary agreement with the Eighteen
countries that make up (the Paris Club) for an immediate write-off rates at 30%
of Iraq's debts which amount to about 50 billion dollars credited to the Member
States (the United States of America wrote off all its debt upon Iraq which is
nearly four billion dollars in January 2004).
>
> As for writing off the second installment of Iraq's debts to Paris Club
countries, which are equivalent to 30% of the original debt, Iraq has signed the
Convention of the (Support Arrangements) with the International Monetary Fund in
the 11-23-2005 to implement it.
>
> Entering these arrangements with the IMF, the debt will be reduced by
additional 12 billion dollars to the Paris Club, followed by the elimination of
the remaining debt of 8 billion dollars automatically, in case Iraq succeeds in
implementing the (Support Arrangements) convention with the IMF in 2008.
>
> The Gulf Cooperation Council
>
> A number of the (Gulf Cooperation Council) States called upon Iraq to payback
amounts that exceed (50) billion dollars offered by those States as financial
assistance to the former regime during the Iraqi-Iranian war from 1980 to 1988.
Iraq has received assurances from those States to settle the debts under
conditions similar to those, at the very least, agreed by Iraq with the Paris
Club countries.
>
> In spite of the tireless efforts made by the Minister of Finance, Professor
Baqir Jabr Azzubaidi, to exempt Iraq from all its debt to Saudi Arabia, on bases
Arab brotherhood and common destiny, the results were not satisfying... We hope
that the Saudi side understands of the current circumstances in Iraq and that
the government of national unity is not responsible for this debt in the first
place. However, 40 billion dollars, or more, will be written off in case of
signing bilateral agreements with the States of the Gulf Cooperation Council
during the coming year 2007.
>
> States, outside the framework of (the Paris Club)
>
> Iraq is in debt of 20 billion dollars for countries outside the scope of (the
Paris Club). In this regard, Iraq had signed an agreement with (Hungary,
Romania, South Africa, Czech Republic, Slovakia, Malta), which agreed to cancel
all debts by100%, according to personal efforts by Mr. Baker Jabr Al-Zubaydi,
Minister of Finance, and talks are still continuing with other countries with
great success. An agreement will soon be signed with (Bulgaria), from which
Professor Aziz Jaafar Hassan, Personal Adviser to the Minister of Finance, had
returned a few days ago to prepare the conditions for the signing of the
bilateral agreement for the settlement of Iraq's debts with Bulgaria.
>
> Commercial debts
>
> More than 600 business entity claims for the payment of debts owed to Iraq
during the period of the previous regime totaling more than 22 billion dollars.
Iraq has paid these debts on basis similar to the Paris Club agreement and has
completed more than four commercial offers cash rate (25 / 10) cents for every
dollar, reducing the total debt by more than 4 billion dollars; in addition to
offering the senior creditors, whose debts are more than 35 million dollars, the
purchase of bonds at a total amount of 14 billion dollars. These bonds were
issued roughly equivalent to ( 3, 225 )billion dollars and is expected to reduce
Iraq's debt, which amounts to 130 billion $,to about (50) billion dollars which
will be reduced to less than 30 billion dollars in case Iraq succeeds in
implementing the (Support Arrangements) signed with the International Monetary
Fund by 2008.
>
> The Minister of Finance, Baqer Jabr Al-Zubaydi, said that the Iraqi government
has inherited major challenges, three years ago, including the debt burdens
which amount to 130 billion dollars; however, many of those challenges will be
passed. The Minister of Finance and his team were able to reschedule Iraq's
debts, which most of them will be resolved by 2007. (Source)AlSabah
>

Council met with the full membership of the Chair today, Sunday, 11-19-2006 in the office of the President of the Republic, Jalal Talabani, to discuss the current political situation in the country.And Council studied ways to break the current political tensions, and the process of setting up mechanisms of political forces and national levels in order to build national state based on law and respect for human rights and democracy, and away from sectarianism and narrow interests.He also stressed the Presidency in its meeting on the need to address terrorism and all of harm to the State violates the law, in addition to the emphasis on the activation of the project of national reconciliation and strengthen the ties between all the components of the people.

Translated version of http://www.iraqigovernment.org/

What meeting is scheduled for tomorrow, 11/20/06. With all the information I forgot....

Originally Posted by CharmedPiper

What meeting is scheduled for tomorrow, 11/20/06. With all the information I forgot....

Here your answer :)

EU, Iraq to launch negotiations for Trade and Cooperation Agreement

EU-Iraq
The European Commission and Iraq will launch negotiations for a EU-Iraq Trade and Cooperation Agreement in Brussels on Monday.

This first round of negotiations will be kicked off by EU Commissioner for external relations Benita Ferrero-Waldner and for Trade Peter Mandelson.

Barham Salih, Iraqi Deputy Prime Minister for Economic Affairs, will represent Iraq.

By entering into contractual negotiations with Iraq, the EU aims to help Iraq's engagement with the international community and with he EU in particular and to contribute to the socio-economic development of Iraq and to the improvement of living conditions in the country, said an European Commission statement.

EU, Iraq to launch negotiations for Trade and Cooperation Agreement - Irna

Originally Posted by CharmedPiper

What meeting is scheduled for tomorrow, 11/20/06. With all the information I forgot....

I believe it had something to do with EU Negotiations.