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

Originally Posted by Rubicon

So from what Knowles posted is it even possible for them to not RV this weekend? What could make it go past this weekend I guess is what i'm asking?

I'm thinking ANYTHING is possible..."they" don't exactly go with the "rules" or with any rhyme or reason.

Originally Posted by Wm.Knowles

Hello everyone. The FIl allows the international community to buy stocks on the ISX begginning Monday. Is this right? I haven't tracked the stock market over there, but from what I have read, their stock is sold just a cheaply as their currency. Is this right? If so, with the connection of the ISX with the other stock exchanges in Kuwait, Bahrain, Quatar etc. Then anyone in the ME can purchase stocks. How am I doing, still right? If so, then the wealth in the ME is incrediable. I saw this while in Kuwait. There are many individuals just in the ME that can buy ALL of the stocks offered on the ISX especially if they are offered at such a cheap price. They will have done their homework and they will already know which stocks to buy. Its hard for the rest of us to appreciate how much money these individuals have. But it is enough to own Iraq should the dinar stay at such a low level. Why have they not bought ISX stocks until now? They didn't have to. They are already rich and why should they take a chance prior to the law? It wasn't necessary. So keeping the dinar at a low level is not reasonable. I fully understand why the forum is excited over this one. There are several real events and issues that have happened that would predict a rise in the level of dinar. So have a GOOD weekend. Thank You.

You are 200% right.

I am so excited and I hope that it will be this weekend.

But the Investment Law will only be enacted if they published it in the official Gazette.

So they can still delay the RV and Implementation of the FIL by waiting to publish it until the ICI or HCL is done.

Again, I don't hope it, but I don't find it strange if they do that. We are talking about Iraq!!

Originally Posted by tiffany

I've already got Twister packed.....

With my back?! LOL, might have to sit that one out and watch from the bar!!!!

How bout charades? We could do movie titles like, 'The Money Train', 'Million Dollar Baby', or 'A Fistful of Dollars'!!?!

Cha chingggg, wooooooooooooooooooooot!!! Can bet ya asses that this means a big reval IMO, go on the Kurds!





Government agrees to Kurdish demands on the budget, oil

(صوت العراق) - 01-12-2006

(Voice of Iraq) - 01-12-2006

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أربيل (1 كانون الأول/ديسمبر) وكالة (آكي) الايطالية للأنباء - أعلن مصدر رفيع المستوى في حكومة إقليم كردستان إن "الحكومة العراقية وافقت على تلبية معظم المطالب الكردية التي يجري وفد حكومي برئاسة نيجيرفان بارزاني محادثات بشأنها في بغداد مع كبار المسؤولين في الحكومة".

Irbil (December 1) and the agency (Lucky) Italian News-A high-ranking source in the government of the Kurdistan region, "the Iraqi government agreed to meet most of the demands that are being Kurdish government delegation headed by Najirfan Barzani talks in Baghdad with senior officials in the government."

وقال عماد أحمد وزير الأشغال والإعمار في حكومة الإقليم عضو الوفد الكردي في تصريح صحفي إن "الحكومة العراقية وافقت على إعادة المبلغ الإضافي وقدره 482 مليون دولار ناتج عن فروقات أسعار بيع النفط في الأسواق العالمية الى حكومة الإقليم وإضافتها إلى ميزانية القادم القادم 2007".

He said Emad Ahmed, Minister of Public Works and reconstruction in the territorial government member of the Kurdish delegation in a press statement that "the Iraqi government agreed to reinstate the additional amount of 482 million dollars resulting from the sale of oil price differentials in world markets to the territorial government and added to the 2007 budget next next."

وفيما يتعلق بأزمة الكهرباء التي يعاني الإقليم من نقص حاد فيها، قال "حول أزمة الكهرباء المستفحلة في الإقليم عقدنا عدة أجتماعات مهمة بحضور نائب رئيس الوزراء برهم صالح وتم الإتفاق على زيادة حصة الإقليم من الشبكة الوطنية وتوفير الكوادر الهندسية اللازمة للإقليم للإشراف على محطات السيطرة".

With regard to the crisis in electricity Territory suffers from a severe shortage where, he said, "on the crisis of electricity rampant in the province are several important meetings attended by Deputy Prime Minister Barham Salih has been agreed to increase the region's share of the national network and the provision of engineering cadres necessary for the territory to oversee the control stations."

وحول الملف الأهم في محادثات الجانبين وهو الملف النفطي أكد أحمد أنه "تقرر عقد سلسلة من الإجتماعات المشتركة بين الوفد الكردي وكل من وزارة النفط والبنك المركزي العراقي لوضع قانون جديد للنفط بما يلبي المطالب الكردية حول الإستثمارات النفطية".

And on the most important issue in the talks the two sides - the case of oil, Ahmed that "it was decided to hold a series of joint meetings between the delegation of Kurdish All the Oil Ministry and the Central Bank of Iraq to a new law of oil to meet Kurdish demands on oil investment."

وكان الملف النفطي أحد أهم الملفات التي أثارت خلافات حادة بين الحكومتين حيث تصر الحكومة العراقية على التصرف بالموارد الطبيعية والثروات المعدنية في العراق وإخضاعها لسيطرة الحكومة المركزية، فيما يدعو الجانب الكردي الى إبقاء السيطرة عليها ضمن سلطات الإقليم وفقا لمواد الدستور العراقي لضمان جلب الإستثمارات الأجنبية في مجال المشاريع النفطية إلى الإقليم.

The file was one of the most important oil files which provoked sharp disagreements between the two governments insist the Iraqi government to dispose of the natural resources and mineral wealth in Iraq and subject to the control of the central government. With calls the Kurdish side to retain control within the territorial authorities in accordance with the Iraqi constitution to ensure attract foreign investment projects in the field of oil to the province.

Hey Adster

Just saw this post from yesterday.

Quote:
Originally Posted by elgordo
Has Anyone Checked To See If The Royal Bank Of Scotland Is Selling Dinar? I Believe They Have A New York City Branch.

Adster:
They do in the UK, they're in cahoots with the Halifax.... unquote

I thought the same but was corrected when I was in the Halifax. They are with " The Bank of Scotland", it's a different bank from "The Royal Bank of Scotland". Don't know if the latter is selling.

megansgirl

ps Looks like you're well on the mend!

Originally Posted by Adster

Thank you WM, always enjoy your posts, please remind me of your background if you don't mind, know it was mentioned before.

I guess he must have deleted the post but I could have sworn I read that he worked within the Federal Reserve as well as Securities and Exchange and also was a Professor. I'll have to do a bit more research and find where he's quoted.

One would think he'd be more up on the ISX being he worked S&E.

And while we're on the ISX subject, I spoke with an exchange broker this morning who said worst case scenario under a revalue would be that the current stocks would be paid back to foreign proxies at face value, abolished then reinstated with new value with previous holders having first choice at buyback at new value. She also said this clause may be written within the current Iraq exchange laws which I havn't read.

Didnt someone post that it did not have to be published in the gazette but could be published in the media for effect?? posts have been moved and I cannot find it now.

Originally Posted by $onedaysoon$

Didnt someone post that it did not have to be published in the gazette but could be published in the media for effect?? posts have been moved and I cannot find it now.

Yes, I recall this also! It was when we first found out about the fil. Someone had posted something to the effect of "Because the Gazette is not always updated in a timely fashion, that the announcement in any other national newspaper would have the same effect." I thought I had saved it, so I will see if I can find it.

Originally Posted by choochie

Yes, I recall this also! It was when we first found out about the fil. Someone had posted something to the effect of "Because the Gazette is not always updated in a timely fashion, that the announcement in any other national newspaper would have the same effect." I thought I had saved it, so I will see if I can find it.

I believe that was a law that the CBI appended and not in reference to the FIL.

Posted by: nadioshka on Friday, December 01, 2006 - 04:14 PM
Jordan-Zibari
Zibari meets Rice, Moussa in Jordan
Amman, Dec 1, (VOI) – Iraqi Foreign Minister Hoshyar Zibari on Friday met U.S. Secretary of State Condoleezza Rice and Amr Moussa, the Arab League Secretary General, on the sidelines of the third Future Forum held in Jordan’s Dead sea resort.
Zibari reviewed with Rice results of Prime Minister Nouri al-Maliki’s meeting with U.S. President George Bush in Amman on Thursday, the foreign ministry said in a statement received by the independent news agency Voices of Iraq (VOI).
They also discussed Iraqi diplomatic efforts with neighboring and Arab countries to win their help in establishing peace, supporting the Iraqi government and fighting terrorism, the statement said.
The two ministers also talked about future steps to realize the understandings reached by Maliki and Bush in their latest meeting.
Zibari also met Moussa to discuss the latest political, security developments and an Arab initiative for Iraqi reconciliation, the statement said.
They discussed preparations for the upcoming Arab League meeting on Iraq.
The foreign ministry said that Zibari headed his country’s delegation to the Forum and made a presentation about the democratic experiment in Iraq.

Jordan-Zibari :: Aswat al Iraq :: Aswat al Iraq