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

Originally Posted by neno

As he said above. Not to judge your post at all, Original Spiderman but, it is all under way, the change will go alot quicker in these modern days. Remember it is accient Babylon. It will be the Riches Part of the World. It is Written, It shall be done.

Exactly Neno! This is one the reasons we invested in the dinar. It is all spelled out in the book of Revelation. This area of the world will be the epicenter of wealth. We just don't know when, but it will happen!

Praise God!

Originally Posted by Beaniemom

Exactly Neno! This is one the reasons we invested in the dinar. It is all spelled out in the book of Revelation. This area of the world will be the epicenter of wealth. We just don't know when, but it will happen!

Praise God!

AMEEEEEEN!!!!!!!!!

EU, Iraq launch talks on trade and co-operation agreement UPDATE
11.20.2006, 06:25 AM



BRUSSELS (AFX) - The European Commission said it is launching talks with the Iraqi government in Brussels today on a bilateral trade and co-operation agreement.

The accord aims to boost the EUs relations with Iraq and integrate the country into the world economy, the commission said.

'Through this agreement we will for the first time establish contractual relations,' external relations commissioner Benita Ferrero-Waldner said.

Trade commissioner Peter Mandelson said: 'Establishing this framework for EU-Iraq trade relations is a small part of Iraq's difficult road to stability.'

EU, Iraq launch talks on trade and co-operation agreement UPDATE - Forbes.com

[B]I have been keeping track of the numbers and here is the lastest total. As of today, this is for the last 11 auctions, (BTW thank you Charmed Piper for your statistical posts every day) the cummulative total of Dinars removed from circulation is 935,278,035,000. We are approaching 1 trillion dinars in just the last 11 auctions. The rate has dropped from 1470 to 1449. The target rate of the IMF by the end of 2006 was 1365. Is this where they are going and how long can this go on. I don't know but this is getting exciting !!! [/B]

I copied the below paragraph from an article I found. It's proof to show that they are using the Marshall Plan idea to get Iraq up and running. I'm sorry if this has already been posted.


Marshall Plan invoked

This was not how the rebuilding of Iraq was supposed to go. In the fall of 2003, six months after the U.S. invasion, President Bush promised Iraq "the greatest financial commitment of its kind since the Marshall Plan." Top administration aides said they considered that plan, which helped rebuild Europe after World War II, to be a model for Iraq. Congress soon passed a spending bill that, while offering less money than the Marshall Plan, was expected to be enough to get Iraq back on its feet.


Despite billions spent, Iraq rebuilding incomplete | Iraq Updates

Originally Posted by PlatanoKing

EU, Iraq launch talks on trade and co-operation agreement UPDATE
11.20.2006, 06:25 AM



BRUSSELS (AFX) - The European Commission said it is launching talks with the Iraqi government in Brussels today on a bilateral trade and co-operation agreement.

The accord aims to boost the EUs relations with Iraq and integrate the country into the world economy, the commission said.

'Through this agreement we will for the first time establish contractual relations,' external relations commissioner Benita Ferrero-Waldner said.

Trade commissioner Peter Mandelson said: 'Establishing this framework for EU-Iraq trade relations is a small part of Iraq's difficult road to stability.'

EU, Iraq launch talks on trade and co-operation agreement UPDATE - Forbes.com

Let's look at the above carefully. What does this mean? Well it means in order for Iraq to be entered back into the world economy it HAS TO have a fully convertible worldwide currency. That's the first point and very obvious! We've heard all along that Iraq want foreign investment etc.

The second point is that in order for Iraq to be back into the international fold they will need to import foreign goods. Can they do that currently? Well, let's think of it this way. Mr Saddam wants to import a new pc from say Florida, that computer costs $1000. So this pc will cost Mr Saddam $1000 x 1455 (average current dinar rate for example purposes). So it will cost him in total 1,455,000 dinars. Crazy amout eh?! Now at an exchange rate of 1 to 1 it will cost him 1000 dinars.

In other words the current rate gives the people, country, no buying power whatsoever. I've read recently about Iraq wanting to import phones, start up internet cafes, electrical goods etc. Which brings me to the conclusion they have to have a rate on a par with the dollar/their neighbours and if not higher. We also know the recent articles have suggested not only raising the dinar value but also increasing purchasing power. Quite simply, this is the only way to go via a reval.

Bottom line is the current rate is artificial and will at some point soon HAVE TO go back to its real rate.

Originally Posted by Adster

Let's look at the above carefully. What does this mean? Well it means in order for Iraq to be entered back into the world economy it HAS TO have a fully convertible worldwide currency. That's the first point and very obvious! We've heard all along that Iraq want foreign investment etc.

The second point is that in order for Iraq to be back into the international fold they will need to import foreign goods. Can they do that currently? Well, let's think of it this way. Mr Saddam wants to import a new pc from say Florida, that computer costs $1000. So this pc will cost Mr Saddam $1000 x 1455 (average current dinar rate for example purposes). So it will cost him in total 1,455,000 dinars. Crazy amout eh?! Now at an exchange rate of 1 to 1 it will cost him 1000 dinars.

In other words the current rate gives the people, country, no buying power whatsoever. I've read recently about Iraq wanting to import phones, start up internet cafes, electrical goods etc. Which brings me to the conclusion they have to have a rate on a par with the dollar/their neighbours and if not higher. We also know the recent articles have suggested not only raising the dinar value but also increasing purchasing power. Quite simply, this is the only way to go via a reval.

Bottom line is the current rate is artificial and will at some point soon HAVE TO go back to its real rate.

Excellent Summary of the current situation! And I think we are seeing a plan by the CBI that supports just what you are saying. Thank you.

More on EU Trades:

EU and Iraq launch negotiations for a Trade and Cooperation Agreement


Reference: IP/06/1585 Date: 20/11/2006

HTML: EN FR DE
PDF: EN FR DE
DOC: EN FR DE


IP/06/1585

Brussels, 20 November 2006

EU and Iraq launch negotiations for a Trade and Cooperation Agreement
On 20 November, the European Commission and the Iraqi government will open in Brussels the negotiations for a Trade and Cooperation Agreement (TCA) between the EU and Iraq. The negotiations will be launched by Commissioners Ferrero-Waldner and Mandelson, on behalf of the Commission, and by Barham Salih, Iraqi Deputy Prime Minister for Economic Affairs, on behalf of Iraq. The TCA will help to progressively strengthen the EU’s relations with Iraq and integrate the country in the world economy.
“This is an important moment in our relations with Iraq. Through this agreement we will for the first time establish contractual relations. This is a natural step for the Commission which has supported substantially the Iraqi reconstruction and the political process since 2003. Clearly, for this agreement to achieve its full potential a stable and secure environment in Iraq will be necessary.” said Commissioner for External Relations and Neighbourhood Policy, Benita Ferrero-Waldner.

Peter Mandelson, Trade Commissioner, said: "Establishing this framework for EU-Iraq trade relations is a small part of Iraq's difficult road to stability. Those committed to Iraq's peaceful future must begin planning for it now."

This agreement aims to improve the trade arrangements between Iraq and the EU, covering a wide range of issues, including trade in goods, services, measures to encourage investment, customs, intellectual and industrial property rights, and public procurement rules. Co-operation could cover a number of key aspects in the economic area, as well as in the human development and poverty reduction field, environment, culture and education. All agreements with third countries now feature human rights, terrorism and WMD as important elements.

By entering into negotiations for contractual relations with Iraq, the EU aims to:

Facilitate Iraq’s engagement with the international community and with the EU in particular, to the benefit of the internal and regional stabilisation process.
Stimulate and anchor ongoing institutional and socio-economic reforms at both policy and operational levels.
Contribute to the socio-economic development of Iraq and to the improvement of living conditions in the country.
Promote bilateral trade relations in accordance with WTO principles.
Ensure a minimum level of predictability, transparency and legal certainty for economic operators.
During his visit, Deputy Prime Minister Salih will also hold separate bilateral talks with Commissioners Ferrero-Waldner and Mandelson. With Commissioner Ferrero-Waldner, discussions are likely to focus on the general political and security situation in the country and Commission assistance to alleviate the situation for the population as well as means to promote national reconciliation. The meeting with Peter Mandelson will be an occasion to share views on the long-term bilateral trade relations between the EU and Iraq.

Background

Since 2003, the European Commission has contributed €720 million towards the reconstruction of Iraq with a focus on assisting Iraqi people in accessing basic services, furthering democracy, and promoting good governance. In 2006, the Iraqi government has proposed that a Compact be developed to build a new partnership between Iraq and the international community. The Commission supports this initiative, which should aim to promote political, economic and social development in the country. Lately, the Commission has also stepped up its presence in Baghdad and has opened a Delegation.

Media Advisory: There will be a photo opportunity on Monday 20 November in Berlaymont building Room Jean Rey, 1st floor. Journalists wanting to attend need to be at the lobby of the Berlaymont building at 16:00 the latest.

At 16:30 there will be a VIP corner with the participation of all negotiators. The VIP corner will be broadcasted by EbS live.
For more information:

The EU's relations with Iraq - Overview

Link to page: EUROPA - Rapid - Press Releases

Originally Posted by Original Spiderman

Team,
I'm all about this thing working out but over this past couple of months I've been trying to look at this things with an unbiased eye. And I think sometimes we kind of read too much into what is being put out there. It's almost like a scientist who is looking or hopeing to find a certain positive outcome. His perspective becomes skewed or biased. And that is why placebos and other methods are used to guard against biased result or findings. I believe the word "reval" has be tossed around too liberally with assumed conotations of a huge jump. I would surely love an overnight miracle, but if any of you can remember one of my 1st post from the other forum, which I almost bled to death from all the bashing I received, I stated "the money will not hit until Bushes war was over". This was my perspective because I have been around in the region for 8+ years and I believe most of us here, contractors and many mil folks, are invested and upon "revalution" most of us would quickly return home. This would have a major impact on the efforts here.
I recognize all of the positive things that are happening daily, but the reality of our situation is that this thing will increase in accordance with market norms. I pray to God that it is a huge jump, but my spidy senses tells me that this may be unlikely. The Pre-tribulation "Rapture" theory is popular and sells books in the stores and seats in the church, but it is not Biblical. OK; I am hunkered down for the bashing, so.... GO!

No bashing here. I agree with many of your points. This thing will not be a lightning RV but a slow steady one. The Rv has already started. The slow reduction in the currency rate has been on for two weeks now. Currency is being taken out of circulation When the currency gets down to a point you will see the first new lower demo. If you have noticed, the FIL has not been enacted yet. When will it be who knows! I think the rate will continue to go down until they feel they can enact the FIL with out the loss of their country to foreign investors. Where is that point I don't know. Could the currency rate still jump absolutely! The exchange rate could jump 10, 100, 500 etc depending on what happens on any number of points. But the slow rise in the Dinar has begun now what happens from here is anybodies guess. It might keep on its slow pace or could increase at a faster rate or jump to .01 to 1 or higher. But one thing I do know is it has started!

As stated above.

Originally Posted by PlatanoKing

More on EU Trades:

EU and Iraq launch negotiations for a Trade and Cooperation Agreement


Reference: IP/06/1585 Date: 20/11/2006

HTML: EN FR DE
PDF: EN FR DE
DOC: EN FR DE


IP/06/1585

Brussels, 20 November 2006

EU and Iraq launch negotiations for a Trade and Cooperation Agreement
On 20 November, the European Commission and the Iraqi government will open in Brussels the negotiations for a Trade and Cooperation Agreement (TCA) between the EU and Iraq. The negotiations will be launched by Commissioners Ferrero-Waldner and Mandelson, on behalf of the Commission, and by Barham Salih, Iraqi Deputy Prime Minister for Economic Affairs, on behalf of Iraq. The TCA will help to progressively strengthen the EU’s relations with Iraq and integrate the country in the world economy.
“This is an important moment in our relations with Iraq. Through this agreement we will for the first time establish contractual relations. This is a natural step for the Commission which has supported substantially the Iraqi reconstruction and the political process since 2003. Clearly, for this agreement to achieve its full potential a stable and secure environment in Iraq will be necessary.” said Commissioner for External Relations and Neighbourhood Policy, Benita Ferrero-Waldner.

Peter Mandelson, Trade Commissioner, said: "Establishing this framework for EU-Iraq trade relations is a small part of Iraq's difficult road to stability. Those committed to Iraq's peaceful future must begin planning for it now."

This agreement aims to improve the trade arrangements between Iraq and the EU, covering a wide range of issues, including trade in goods, services, measures to encourage investment, customs, intellectual and industrial property rights, and public procurement rules. Co-operation could cover a number of key aspects in the economic area, as well as in the human development and poverty reduction field, environment, culture and education. All agreements with third countries now feature human rights, terrorism and WMD as important elements.

By entering into negotiations for contractual relations with Iraq, the EU aims to:

Facilitate Iraq’s engagement with the international community and with the EU in particular, to the benefit of the internal and regional stabilisation process.
Stimulate and anchor ongoing institutional and socio-economic reforms at both policy and operational levels.
Contribute to the socio-economic development of Iraq and to the improvement of living conditions in the country.
Promote bilateral trade relations in accordance with WTO principles.
Ensure a minimum level of predictability, transparency and legal certainty for economic operators.
During his visit, Deputy Prime Minister Salih will also hold separate bilateral talks with Commissioners Ferrero-Waldner and Mandelson. With Commissioner Ferrero-Waldner, discussions are likely to focus on the general political and security situation in the country and Commission assistance to alleviate the situation for the population as well as means to promote national reconciliation. The meeting with Peter Mandelson will be an occasion to share views on the long-term bilateral trade relations between the EU and Iraq.

Background

Since 2003, the European Commission has contributed €720 million towards the reconstruction of Iraq with a focus on assisting Iraqi people in accessing basic services, furthering democracy, and promoting good governance. In 2006, the Iraqi government has proposed that a Compact be developed to build a new partnership between Iraq and the international community. The Commission supports this initiative, which should aim to promote political, economic and social development in the country. Lately, the Commission has also stepped up its presence in Baghdad and has opened a Delegation.

Media Advisory: There will be a photo opportunity on Monday 20 November in Berlaymont building Room Jean Rey, 1st floor. Journalists wanting to attend need to be at the lobby of the Berlaymont building at 16:00 the latest.

At 16:30 there will be a VIP corner with the participation of all negotiators. The VIP corner will be broadcasted by EbS live.
For more information:

The EU's relations with Iraq - Overview

Link to page: EUROPA - Rapid - Press Releases