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

Originally Posted by Adster

Posted in rumour section, HSBC in England soon to exchange dinars. Now seeing as they were the first British bank to get involved inside Iraq a year or so back this is great and no real surprise to me but this will make Halifax, Nat West, Barclays and soon to be HSBC all exchanging dinars, terrific news, all the big boys!

Cha chingiinnnnnggggggggggggggg wooooooooooooooooooooooot.

HSBC is actually the "Hong Kong Shanghi Banking Corporation". The fifth largest bank in the world. For those who are interested in Off shore Banking, you'll find HSBC in every Off Shore haven in the world. This is a very significant post. Thank You (PS Go to their web page for their off-shore banking sevices and their wealth management services. (they are also in the cayman islands so they might be a good group to talk to at the RV party). Thank You.

Originally Posted by RetMil

I was a member at IIF, but not a mod. When I found out about RolClub moved over here permanetly and did not look back. I had a different screen name there but decided to get all the filth off and changed it. I was getting into too many fights with the nasayers and did not want to bring them to Rolclub. Are you saying that some mods quit at IIF?

Ah ok, apologies, thought you might be Ret who just quit as a mod over there, thought she'd jumped ship!

Yes, you're correct, this is the best forum out there for sure. Great bunch of people.

Originally Posted by Adster

This has to be worth a cha ching and a WOOOOOOOOOOT!?

Governor of the CBK is talking as well... Even the Governor of the Central Bank of Kurdistan is talking about it.....


LawkSalih.Com - Kurdistan Region's Central Bank director remarks on state of the dinar


The price of the Iraqi dinar will result in a drop in the dollar and euro.

The director of the Kurdistan Region's Central Bank stated that there is no plan to change the current Iraqi currency; instead, there will be trials to increase its value. "Because currently the value of the dinar is very low, people are depending more on the dollar and euro. But increasing the price of the Iraqi dinar will result in a drop in the dollar and euro," said the director.
When questioned on the recent decision of the central Iraqi government to raise government employees' salaries and whether the decision includes the Kurdistan Region or not.
The director said, "Any decision issued by the central Iraqi government will be executed in Kurdistan as well, but that will not take effect until the 2007 budget plan is implemented. A delegation from Kurdistan Region recently visited Baghdad to attempt to solve financial issues.
Source: The Kurdish Globe

Thanks so much for this find. Very exciting! Am I understanding this correctly that the decision they are talking about above is the raising of wages and not the reval? The following posts after the above post seemed to interpret it as the decision for raising the value. Granted, I believe they would be foolish to raise the wages w/o a reval and I also do not believe the reval itself could be deemed a raise in wages.

Just seeing the reval discussed in this manner is exciting in and of itself, but I do not see where it is referring to a particular date for an rv.

So if anyone is up for it, enlighten me. If this has already been done in the posts I have yet to read, then thank you and I am sure I will get to it.

Monica

Originally Posted by Wm.Knowles

HSBC is actually the "Hong Kong Shanghi Banking Corporation". The fifth largest bank in the world. For those who are interested in Off shore Banking, you'll find HSBC in every Off Shore haven in the world. This is a very significant post. Thank You (PS Go to their web page for their off-shore banking sevices and their wealth management services. (they are also in the cayman islands so they might be a good group to talk to at the RV party). Thank You.

This is very significant WM for sure. Great sign, they used to be the Midland Bank here in the Uk.

Hope you and I can talk in the Cayman's about the tax.....

Originally Posted by Wm.Knowles

HSBC is actually the "Hong Kong Shanghi Banking Corporation". The fifth largest bank in the world. For those who are interested in Off shore Banking, you'll find HSBC in every Off Shore haven in the world. This is a very significant post. Thank You (PS Go to their web page for their off-shore banking sevices and their wealth management services. (they are also in the cayman islands so they might be a good group to talk to at the RV party). Thank You.

I thought that HSBC was already in partnership with some bank in Iraq. Does anyone know anything about this?

Originally Posted by readytogo

Thanks so much for this find. Very exciting! Am I understanding this correctly that the decision they are talking about above is the raising of wages and not the reval? The following posts after the above post seemed to interpret it as the decision for raising the value. Granted, I believe they would be foolish to raise the wages w/o a reval and I also do not believe the reval itself could be deemed a raise in wages.

Just seeing the reval discussed in this manner is exciting in and of itself, but I do not see where it is referring to a particular date for an rv.

So if anyone is up for it, enlighten me. If this has already been done in the posts I have yet to read, then thank you and I am sure I will get to it.

Monica

The Iraqi fiscal year (2007) allegedly starts on Dec 15th - we are waiting for confirmation on this.

Originally Posted by Wm.Knowles

HSBC is actually the "Hong Kong Shanghi Banking Corporation". The fifth largest bank in the world. For those who are interested in Off shore Banking, you'll find HSBC in every Off Shore haven in the world. This is a very significant post. Thank You (PS Go to their web page for their off-shore banking sevices and their wealth management services. (they are also in the cayman islands so they might be a good group to talk to at the RV party). Thank You.

You and Adster are actually BOTH right. HSBC is Hong Kong Shanghai Banking Corporation and has its origins based in Hong Kong.

However, it is now headquartered out of the UK.

The Jordanian monarch to meet with the head of the Supreme Council

(Voice of Iraq) - 11-29-2006
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The Jordanian monarch to meet with the head of the Supreme Council for Islamic Revolution in Iraq
Amman - (Voices of Iraq)
He met with the Jordanian monarch, King Abdullah II of the evening today, Wednesday, in Amman, head of the Supreme Council of Islamic Revolution in Iraq, Abdel Aziz al-Hakim, during which they discussed the developments of the situation in Iraq, He Hakim hoped the support of the Arab states to Iraq.
S m-u p

The Association of Muslim Scholars : the security situation in Iraq

(Voice of Iraq) - 11-29-2006
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The Association of Muslim Scholars : the security situation in Iraq reached a climax
The Association of Muslim Scholars said that the security situation in Iraq and reached the "peak" since 2003.
The spokesman Muhammad Bashar al-Faydi body "that the current government seems entirely unable to contain the situation." and it does not "count nothing" on the meeting scheduled to take place in Amman tomorrow, Thursday, between President Bush and Prime Minister Nuri al-Maliki.
Regarding the meeting between the Secretary General Sheikh Harith al-Dhari the Jordanian monarch, King Abdullah II, al-Faydi said that "this visit came in a series of contacts initiated by the Commission in a number of Arab and Islamic countries to show the position at what has been happening in Iraq."
He added, "It was during the meeting, reaffirmed to the king of Jordan fierce that the political process in Iraq has reached a dead-end and can not be relied upon to emerge from the crisis."

(5:29 pm Baghdad time)

PEOPLE : bloc chest with the positions of foreign forces

(Voice of Iraq) - 11-29-2006
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From just the latest
Baghdad - (Voices of Iraq)
Mr. Qassem Dawoud said a member of the House of Representatives from the United Iraqi Alliance today, Wednesday, that the bloc chest active and influential bloc in the House of Representatives and the wider political process.
The News Agency (Voices of Iraq) Independent "that the process of suspending the membership will lead to mass chest clear impact in the House of Representatives."
And David, "we hope the bloc chest consideration of this resolution and to continue the positive positions to provide the political process."
For his part, Dr. Mahmoud Osman, member of the Iraqi Parliament from the Kurdistan Alliance "that the bloc chest with 30 seats in parliament and six ministries in the government and certainly there will be a clear impact on the functioning of the Council and the government."
And across Osman expressed his belief that the suspension is not a solution to the problems in Iraq and said, "must resort to dialogue to resolve problems."
He said, "We understand the positions of mass chest because of their foreign presence, particularly targeting Americans because of Sadr City and some other areas."
For Al-Maliki and President Bush in Amman Othman said, "There is a political maneuver during the meeting, in which Jordan, Egypt and Saudi Arabia and other Gulf countries, to dissolve the militias and the wider Arab Sunnis in the political process."
He explained, "Al-Maliki left Iraq and the number of files with the most important security issue" and said "President Bush would ask Maliki broader powers to the armed forces in Iraq as commander-in-chief of the armed forces."
He added : "We also carry files relating to the reconstruction of Iraq and ways to activate, and the economic situation in general."
The witness Amman tomorrow for a summit meeting between Bush and Maliki to discuss the deteriorating security file in Iraq.
The Iraqi prime minister arrived in the Jordanian capital Amman this afternoon, accompanied by a delegation including Foreign Minister Hoshyar Zebari, the national security adviser, Dr Muwaffaq Rubaie, along with a number of ministers and members of the House of Representatives.
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