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

Originally Posted by DayDream

This site was mentioned on the 198 page document someone found and posted. It is where most of the facts came from for the report. I can't get anything to open and thought I would post it here in case someone wanted to give it a try. May hold some useful info for us.

SESRTCIC

In the Search our entire site type: Iraq

Cheers!
DayDream

The thing is 41 pages long and perhaps we have already seen this elsewhere but I still think it is interesting. Here is part of it.

All banks in Iraq are owned by the government and no other bank may practise banking activity. A bank shall be established by law prescribing its purposes, function, management, authorized capital, reserve, and method of profit distribution.
The Governor of the Bank may delegate by written order to any Bank's official the assignment of controlling and inspecting the work of any bank at any time or at periodical intervals, to ascertain such bank's functioning in accordance with the provision of the Central Bank's law concerning "Control of banking and management of credit." The Governor may also delegate by written order to any person or persons the assignment of controlling and inspecting the work of any person, institution, society or any other party to ascertain whether or not they exercise banking activity. The official to whom is assigned the task of banking control takes note of and audits books, records, documents, credentials and special correspondences of such banks to ascertain their implementation of the credit plan. He may also consider the credit and indirect facilities authorized and extended to such clients, and enquire about any other matters he deems necessary to explore for the fulfilment of his assignment in the best manner.
The Bank may demand all information related to credit and indirect facilities extended by banks to their clients and notify other banks thereof in accordance with specific instructions.
The Bank may, in the case of a financial crisis or any other emergency take necessary measures to deal with the situation for the purpose of securing the continuity of bank's activities.
Should a bank's losses exhaust its capital reserves and 25 % or more of its paid-up capital, the Bank may take the necessary measures to safeguard the bank's financial position and ensure its continued functioning.

1.1.2. Credit
The Bank may grant the government temporary advances to cover temporary deficit in the ordinary budget provided that such advances should not exceed 15 % of total estimated revenues of the ordinary budget at any time as illustrated in the budget law for the year in which such advances are granted. Repayment shall be made within a period not exceeding three months from the end of the fiscal year in which the grant is made.
The terms of such advances, including the interest rate, shall be agreed upon between the Minister of Finance and the Governor.
The Bank may also finance the annual investment programme and grant loans or advances to official and semi-official departments for economic development purposes, for periods not exceeding ten years.
The Bank may also, by law, advance loans and grant overdrafts to commercial and specialized banks in Iraq.

1.1.3. Regime governing exchange rates and foreign currency accounts
The articles from 60 to 70 of the Bank's law No. 64 of 1976 and its amendments spell out the foreign exchange regulations in Iraq. According to these regulations the Bank holds all state assets of foreign exchange. It, however, can authorize a licensed bank, person or any other party to hold, deal and invest foreign exchange according to the conditions to be specified thereby.
The Bank prepares an annual budget of foreign exchange in which it specifies a sufficient amount of foreign exchange to meet import transactions and other payments in foreign exchange proportionately with the volume of foreign reserves, in line with the requirements of the economic development plan and the prospects for the development of national economy.
No bank, juristic or natural person can deal in foreign exchange without a licence from the Bank. The licence, however, may be rescinded by the Bank should it be convinced that its holder has failed to abide by provisions of this law. If a licensed bank or person declines to conduct any transaction as being ineligible, the party concerned may submit the case to the Governor whose decision shall be final. For the purpose of the implementation of foreign exchange regulations the Bank shall prescribe the conditions of considering a person resident or non-resident. No person may conduct any transaction of foreign exchange except by mediation of a licensed bank or person, on approval of the Governor. The Bank may exclude cases it deems appropriate.
Any resident person holding foreign exchange shall surrender it for sale to a licensed bank or person in accordance with the foreign exchange regulations. The Bank, however, may specify the type of foreign exchange not eligible to compulsory surrender.
Any resident person is obliged to refrain from the following actions except by the Governor's permission:
1. Keeping an account in the name of a non-resident person.
2. Keeping an account abroad.
3. Keeping any foreign exchange belonging to a non-resident person or any person abroad.
Any non-resident or foreigner may not donate, sell or otherwise appropriate a real estate in Iraq or arrange a right in kind thereupon without the Governor's permission with due consideration to provisions of relative laws.
No one is allowed to bring in, take out or dispatch Iraqi currency, foreign exchange or gold to and from Iraq except in such quantities and manner as prescribed by the Bank. Amounts emanating from export transactions shall be repatriated in any acceptable means of payment or any useful manner within a reasonable period to be specified by the Bank. The Governor, however, may exclude any exporter or any export transaction from this provision.
The Governor has the right to ask any resident to submit documents he deems necessary for purposes of foreign exchange control within a specific period, and may check books and records of such a resident for the same purpose.
A licensed bank or person is obliged to submit to the Bank details on foreign exchange transactions in the manner and time to be specified by the Bank.
The Governor may entrust by written order any person or persons with assignment of controlling the work of licensed banks and persons and inspect their records at any time or in a periodical manner, to ascertain their functioning in accordance with provisions in this respect.
Finally, the Governor has the exclusive power to prohibit any persons temporarily or permanently from conducting any foreign exchange transactions and he can prevent a licensed bank or person from conducting transactions reverting thereto should he deem such prohibition or prevention necessary.

Originally Posted by boomcreek

Well...here was the plan. A buddy of mine wanted to purchase some more dinar. So...I told him I would meet him early this morning to go to Tulsa and I would walk him through it. We arrived at the Chase branch on 41st Street, the same place I have made my last three purchases right at opening time. We walked in and a lady that I have spoken to, and recognized me, asked if I "was there to purchase foreign currency". I told her yes and then she said their new rule was that they couldn't sell it to me unless I had an account with them and had had it open for a year. I just smiled and we walked out. I told my buddy the sources are all drying up. After that, we went to Bank of American at 71st & Memorial to find out if it was true since my last visit if BOA was in fact dealing in dinar. Dead End! No problem, at least not for me, because I was there to make purchases for someone else and to help someone else purchase MORE. We headed back to where we left his truck parked and since I had some other banking business to do at a Stillwater National Bank and I remembered one of the clerks telling me some time back that they would be able to order dinar for me, but it would take 10 days to 2 weeks to come in because they have to order through Bank of America. I thought, why not, we're getting close. One of the tellers went to check with a supervisor and after a few minutes she came back and said that they couldn't order it and that they had called BOA and were told that they couldn't get anymore either. Hey friends and family, WE ARE ALMOST THERE!

Hi Gang, I just thought I would share with you a little info I have. I went to United Missouri Bank today and ordered some more dinar and their selling rate was.00084 I also tried ordering a small enough amount that they would have to give me smaller denoms, but they said they round everything up to the nearest 25000 because that is all they deal with from their supplier.

Originally Posted by Wm.Knowles

Having just reviewed another forum, I can say that I appreciate the manner in which the members of Rolculb conduct themselves. We have disagreements, debates, and opinions, but we do not bash and ridicule each other. Our attitude suggests a much higher class of people and I think in a very short period of time, at the RV party, we will all become very good friends. Thank you.

Now THIS, is what I LIKE to HEAR. Of course besides for the News or The BELOVED R/V.

Little under the weather today Gang. Just popping in. I read where CP posted the CBI saying the word REVALUTION. Man that was Nice to Hear. So what I am gathering is we are r/ving or have been r/ving for two weeks now. Awsome. Just waiting for them to hit that "MARK" so we can get the "BIG JUMP". SCG= Stay Cool Gang.

Originally Posted by Elfwizard

I think too many people on this board are relying on this venture. You better have a back up plan because this is not a sure thing. At 4 cents you will probably never make that much profit off a Investment ever again. Some people say they wouldn't cash out at 4 cents, but then all of the sudden the shoebox under there bed is worth 100k or 500k or whatever, many will cash in and take it with a smile on there face!

This is the Plan, I have presumed all along. They, (CBI) Knows how much is in circulation. And yes, they would rather have it back at lower exchange rates, then Higher ones. This is a Stardigy Investment, I Guarantee it. I have Told all of my close to home freinds, that most will cash in as it get's to $1. My own father at 62, says when it gets there, he is out. That is all he needs to supplement his Retirement and Social Security Pay, with his Stash. So Yes, Everyone has their own Goals, and everyone has their own Stadigy too. Just STICK to them. GoodNight.

WASHINGTON - U.N. Secretary-General Kofi Annan said Monday that Iraq is close to civil war, as the Bush administration stepped up diplomatic efforts to stabilize the wartorn country.

Annan talked to reporters in New York as members of the Iraq Study Group were to discuss recommendations for changes in U.S. war strategy. President Bush left for a NATO summit in Europe, but much attention was directed toward a meeting he'll have later in the week with Iraqi Prime Minister Nouri al-Maliki in Amman, Jordan.

Asked by reporters at the U.N. if Iraq is in a civil war now, Annan replied, "I think given the developments on the ground, unless something is done drastically and urgently to arrest the deteriorating situation, we could be there. In fact we are almost there."

Sectarian violence in Iraq is at its worst level in the roughly 3 1/2 years since a U.S.-led coalition invaded the country and toppled Saddam Hussein. Bush's summit this week comes in the wake of talks that Vice President Dick Cheney held over the weekend in the region and as members of the special study commission mull recommendations.

The New York Times reported in Monday's editions that a draft report by the study panel led by former Secretary of State James A. Baker III recommends aggressive regional diplomacy, including talks with Iran and Syria.

Anonymous officials who had seen the draft report told the Times it does not specify any timetables for the withdrawal of U.S. troops from Iraq, although the commissioners are expected to debate the feasibility of such timetables.

The panel is expected to release its findings and recommendations in December.

Appearing Monday on ABC's "Good Morning America," former President Jimmy Carter said that "at this point everybody is waiting" for the report. "My guess is that President Bush will take their advice as much as he possibly can," he added.

Carter said he would agree with any call for direct U.S. talks with Iran and Syria over Iraq, adding: "This is one of the most counterproductive policies that I've ever known, ... not to talk to the people who disagree with you unless they agree in advance to everything you demand."

Republican Sen. Chuck Hagel (news, bio, voting record) of Nebraska, a potential presidential contender in 2008, said "it's not too late for the United States to extricate itself honorably from an impending disaster in Iraq."

"If the president fails to build a bipartisan foundation for an exit strategy, America will pay a high price for this blunder — one that we will have difficulty recovering from in the years ahead," Hagel wrote in Sunday's Washington Post.

As the U.S. involvement in Iraq surpassed the length of America's participation in World War II, lawmakers have dwindling confidence in the U.S.-supported Iraqi government.

Maj. Gen. William B. Caldwell, a spokesman for coalition forces in Iraq, declined Monday to say whether Iraq had plunged into civil war.

"No. What we have right now... What I would tell you is, ... we have violence that are at unacceptable levels at the moment," he said in an interview from Baghdad with Associated Press Radio. "It had been on a downward trend for about four solid weeks."

"The vast majority of the citizens here want to live in a peaceful secure city. That's what their desire is," Caldwell said.

The Bush-Maliki summit on Wednesday and Thursday, coupled with Cheney's trip to Saudi Arabia on Saturday, is evidence of the administration's stepped-up effort to bring stability to the region.

The host of the meeting, Jordan's King Abdullah, said Sunday the problems in the Middle East go beyond the war in Iraq. He said much of the region soon could become engulfed in violence unless the central issues are addressed quickly.

The king said he was hopeful the leaders will find a way to reduce the level of violence. "We hope there will be something dramatic. The challenges, obviously, in front of both of them are immense," he said.

Iraq's leaders promised Sunday to track down those responsible for the recent attacks, and al-Maliki urged his national unity government of Sunnis, Shiites and Kurds to curb the violence by stopping their public disputes.

The Iraqi prime minister is under pressure from Shiite politicians loyal to the radical anti-American Shiite cleric Muqtada al-Sadr who have threatened to boycott parliament and the Cabinet if al-Maliki meets with Bush.

"This is all political posturing. It's all red herring. It's an anti-threat. This is a very stable government," responded Iraq's national security adviser, Mouwafak al-Rubaie. He said he had no doubt the prime minister would meet with Bush in Jordan.

Annan says Iraq is close to a civil war - Yahoo! News

IS ANYONE TIRED OF THE WORDS CIVIL WAR!!!!!!!

I AM

Dinar-Excited

Originally Posted by hightide3016

You must have gone to the IIF. BEWARE!!!! Many a troll live there!!!

Thats the funniest thing ive read all day
Bunch of schmucks overthere for the most part. Don't even know why half are invested. This so much better of a place This site is ''tight''!!

Air Force Jet Crashes in Iraqi Province
By THOMAS WAGNER
AP
BAGHDAD, Iraq (AP) - Mortar rounds crashed into an oil processing facility near the northern city of Kirkuk on Monday, igniting a huge blaze, and a U.S. Air Force jet with one pilot crashed while supporting American soldiers fighting in Anbar province, a hotbed of Iraq's Sunni Arab insurgency.

The government fully lifted a curfew on Monday, allowing vehicles back on the roads and reopening the international airport on the fourth day after suspected Sunni insurgents used bombs and mortars to kill more than 200 people in Sadr City, a large Shiite slum, in the worst attack by militants in the war. Sectarian violence continued across the country with a total of 91 people killed or found dead.

The fire at the pipeline filtering facility shut down the flow of crude to the massive Beiji refinery to the southwest, according to an official at the North Oil Co., who spoke on condition of anonymity because he was not authorized to talk to reporters. The flames erupted at 6:30 p.m. and burned for several hours before they were extinguished, the U.S. military said.

The facility is 15 miles northwest of Kirkuk, a city which sits amid some of Iraq's richest crude oil deposits.

Earlier Monday, a bomb exploded beneath an oil pipeline south of Baghdad and set it on fire, and Iraqi and American forces were deployed to secure the area, police said.

No injuries were reported in the 7:30 a.m. blast near Mahmoudiya, about 20 miles south of Baghdad, said police 1st Lt. Haider Satar. The fire was put out about noon. The pipeline carries crude oil from storage tanks in nearby Latifiyah to the Dora refinery in Baghdad.

Since the U.S.-led war toppled Saddam Hussein in March 2003, the country's oil industry has suffered many such attacks on its pipelines.

The F-16CG jet that crashed was supporting coalition ground forces when it went down at about 1:35 p.m. in Anbar province, about 20 miles northwest of Baghdad, the military said in a brief statement. The statement had no information about the suspected cause of the crash or the fate of the pilot.

Mohammed Al-Obeidi, an Iraqi who lives in the nearby town of Karmah, said by telephone that he saw the jet flying up and down erratically before it nose-dived and exploded in a farm field. He said other U.S. warplanes rushed to the crash site and were circling around it.

Maj. Gen. William Caldwell, a U.S. military's spokesman, said he doubted the jet was shot down because F-16s fly very fast and have not encountered weapons in Iraq that are capable of taking them down.

Al-Jazeera satellite television showed videotape pictures of the wreckage in a field and what looked to be portions of a tangled parachute nearby. The broadcaster said the video included scenes of the dead pilot but that they were too graphic to air.

One shot showed what appeared to be the tail number and included the letters CG. The jet that crashed was an F-16-CG, the military said. Another segment showed an Air Force seal that said Air Combat Command.

The U.S. command also said three of its soldiers were killed and two wounded during combat operations in Baghdad on Sunday. At least 2,878 members of the U.S. military have died since the beginning of the Iraq war in March 2003, according to an Associated Press count.

Also Monday, Iraq's parliament speaker implemented new rules banning reporters from the legislative building and imposed a 30-minuted delay on broadcast of sessions, an apparent bid to squelch information reaching the public about the increasingly bitter debates between Shiite and Sunni lawmakers. The delay would allow the speaker to censor debate that he considered overly inflammatory.

The new regulations reflect al-Maliki's contention that Iraq's violence is a result of excessively vitriolic political rhetoric. A particularly bitter debate last week preceded the devastating Sadr City attacks.

Hey Neno:

Sorry to hear you're under the weather . . .I hope by now you're feeling better!!!

Originally Posted by Dinar-Excited

WASHINGTON - U.N. Secretary-General Kofi Annan said Monday that Iraq is close to civil war, as the Bush administration stepped up diplomatic efforts to stabilize the wartorn country.

Annan talked to reporters in New York as members of the Iraq Study Group were to discuss recommendations for changes in U.S. war strategy. President Bush left for a NATO summit in Europe, but much attention was directed toward a meeting he'll have later in the week with Iraqi Prime Minister Nouri al-Maliki in Amman, Jordan.

Asked by reporters at the U.N. if Iraq is in a civil war now, Annan replied, "I think given the developments on the ground, unless something is done drastically and urgently to arrest the deteriorating situation, we could be there. In fact we are almost there."

Sectarian violence in Iraq is at its worst level in the roughly 3 1/2 years since a U.S.-led coalition invaded the country and toppled Saddam Hussein. Bush's summit this week comes in the wake of talks that Vice President Dick Cheney held over the weekend in the region and as members of the special study commission mull recommendations.

The New York Times reported in Monday's editions that a draft report by the study panel led by former Secretary of State James A. Baker III recommends aggressive regional diplomacy, including talks with Iran and Syria.

Anonymous officials who had seen the draft report told the Times it does not specify any timetables for the withdrawal of U.S. troops from Iraq, although the commissioners are expected to debate the feasibility of such timetables.

The panel is expected to release its findings and recommendations in December.

Appearing Monday on ABC's "Good Morning America," former President Jimmy Carter said that "at this point everybody is waiting" for the report. "My guess is that President Bush will take their advice as much as he possibly can," he added.

Carter said he would agree with any call for direct U.S. talks with Iran and Syria over Iraq, adding: "This is one of the most counterproductive policies that I've ever known, ... not to talk to the people who disagree with you unless they agree in advance to everything you demand."

Republican Sen. Chuck Hagel (news, bio, voting record) of Nebraska, a potential presidential contender in 2008, said "it's not too late for the United States to extricate itself honorably from an impending disaster in Iraq."

"If the president fails to build a bipartisan foundation for an exit strategy, America will pay a high price for this blunder — one that we will have difficulty recovering from in the years ahead," Hagel wrote in Sunday's Washington Post.

As the U.S. involvement in Iraq surpassed the length of America's participation in World War II, lawmakers have dwindling confidence in the U.S.-supported Iraqi government.

Maj. Gen. William B. Caldwell, a spokesman for coalition forces in Iraq, declined Monday to say whether Iraq had plunged into civil war.

"No. What we have right now... What I would tell you is, ... we have violence that are at unacceptable levels at the moment," he said in an interview from Baghdad with Associated Press Radio. "It had been on a downward trend for about four solid weeks."

"The vast majority of the citizens here want to live in a peaceful secure city. That's what their desire is," Caldwell said.

The Bush-Maliki summit on Wednesday and Thursday, coupled with Cheney's trip to Saudi Arabia on Saturday, is evidence of the administration's stepped-up effort to bring stability to the region.

The host of the meeting, Jordan's King Abdullah, said Sunday the problems in the Middle East go beyond the war in Iraq. He said much of the region soon could become engulfed in violence unless the central issues are addressed quickly.

The king said he was hopeful the leaders will find a way to reduce the level of violence. "We hope there will be something dramatic. The challenges, obviously, in front of both of them are immense," he said.

Iraq's leaders promised Sunday to track down those responsible for the recent attacks, and al-Maliki urged his national unity government of Sunnis, Shiites and Kurds to curb the violence by stopping their public disputes.

The Iraqi prime minister is under pressure from Shiite politicians loyal to the radical anti-American Shiite cleric Muqtada al-Sadr who have threatened to boycott parliament and the Cabinet if al-Maliki meets with Bush.

"This is all political posturing. It's all red herring. It's an anti-threat. This is a very stable government," responded Iraq's national security adviser, Mouwafak al-Rubaie. He said he had no doubt the prime minister would meet with Bush in Jordan.

Annan says Iraq is close to a civil war - Yahoo! News

IS ANYONE TIRED OF THE WORDS CIVIL WAR!!!!!!!

I AM

Dinar-Excited

Sad part is it's a real concern. I know most don't want to hear it but if Iraq doesn't suck it up soon we might be headed down that road. Bottom line they need to get their act together FAST! Do whatever it takes split the region up in thirds, replace top government officials "including Malaki", do something because right now nothing is working. On a personal note I believe all will be corrected.

Originally Posted by dinartank

Thats the funniest thing ive read all day
Bunch of schmucks overthere for the most part. Don't even know why half are invested. This so much better of a place This site is ''tight''!!

I had posted my experience with you guys about my recent purchase. I also posted over there where I wasn't but I did. A reply was made that I might have gotten screwed. I wouldn't have posted if I was going to get yelled at. Thanks guys for being so nice. It's all about our own experiences with this thing. Everyone has their own story.People should appreciate all the info coming in here. I know I do. Thanks again.