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

Originally Posted by kiko

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!!

they relaxed the rules on this dont forget. tons in history about it. it can be another publication as they have an issue with updating that gazette. govt. newspaper or other highly publicized news.

Originally Posted by Adster

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'!!?!

how about, "its a mad mad mad mad world"

Originally Posted by Inscrutable

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.

Would anyone know what happened to Shares when the dinar value dropped in value to next to nothing. If I had owned shares at 10 dinar each what would have happened when the dinar devalued. If we know that, then the reverse will happen on a revalue.

IMO, and I will freely admit I know nothing on share buying, my 10 dinar shares will still be worth 10 dinar. The exchange rate is the only thing that changes.

Originally Posted by Mike5200

The game has its own thread please don't fillup the news thread with the game

Duh! I figured it out prior to your post, here and sincerely apologize for messin' up this thread. I consider myself thoroughly chastised and it will not happen, again!

Originally Posted by shotgunsusie

they relaxed the rules on this dont forget. tons in history about it. it can be another publication as they have an issue with updating that gazette. govt. newspaper or other highly publicized news.

Susie, I don't give a sh*te where they publish it to implement it, I only want that they do it soon/this weekend!

What I am trying to say, it doesn't matter where to publish it, they can do that anytime they want. They also can delay the publication = delay implementation and we have seen that one before!

But on the other side, time is running out, they have to do it soon, because ICI is coming up and I am sure that these countries want to see some results for their debts relief!

I thought this is something interesting - even if it was posted before:

Gulfnews: Iraq's lifeline oil industry plunges deeper into despair

Oil & Gas

Published: 01/12/2006 12:00 AM (UAE)
Iraq's lifeline oil industry plunges deeper into despair

Reuters

....

No end in sight?

Iraq's production is stuck at around 2 million bpd, well down on the nearly 3 million bpd hit in the final days of Saddam and even further from the 3.7 million pumped in 1979, prior to the Iran-Iraq war.

A modest amount of foreign cash could swiftly boost flows towards four million bpd. But multinationals will not act without a legal framework and peace restored.

Senior Iraqi officials were to resume talks to resolve a dispute over the energy legislation last Thursday, when bombing in the capital killed 200. There was no word on progress.

Oil Minister Hussain Shahristani wants to retain a strong grip with only participation by the provinces, officials said.

"From a technical and economic standpoint, this is a reasonable solution," said a senior Iraqi executive. "But whether that's acceptable to all parties remains to be seen."

That's true..."But on the other side, time is running out, they have to do it soon, because ICI is coming up and I am sure that these countries want to see some results for their debts relief!"(Kiko)

Now, I am thinking...if A MODEST amount of foreign cash " will push it to 4 mill bpd, how will the exchange rate go if a LARGE AMOUNT will get in play and push the production up even further?....

Originally Posted by kiko

Susie, I don't give a sh*te where they publish it to implement it, I only want that they do it soon/this weekend!

What I am trying to say, it doesn't matter where to publish it, they can do that anytime they want. They also can delay the publication = delay implementation and we have seen that one before!

But on the other side, time is running out, they have to do it soon, because ICI is coming up and I am sure that these countries want to see some results for their debts relief!

Wasn't it published in at least one major Iraqi newspaper yesterday? (besides the presidency site)

So now I don't know what to believe...First it's reported to have been true...then NY Times says they made it up and now Peyanmer has this account? There is so much detail here, who do we believe? Witnesses detail Iraq burning deaths
[15:24 , 29 Nov 2006]
BAGHDAD, Iraq (AP)

PNA- The attack on the small Mustafa Sunni mosque began as worshippers were finishing Friday midday prayers. About 50 unarmed men, many in black uniforms and some wearing ski masks, walked through the district chanting "We are the Mahdi Army, shield of the Shiites."

Fifteen minutes later, two white pickup trucks, a black BMW and a black Opel drove up to the marchers. The suspected Shiite militiamen took automatic rifles and rocket-propelled grenade launchers from the vehicles. They then blasted open the front of the mosque, dragged six worshippers outside, doused them with kerosene and set them on fire.

This account of one of the most horrific alleged attacks of Iraq's sectarian war emerged Tuesday in separate interviews with residents of a Sunni enclave in the largely Shiite Hurriyah district of Baghdad.

The Associated Press first reported on Friday's incident that evening, based on the account of police Capt. Jamil Hussein and Imad al-Hashimi, a Sunni elder in Hurriyah, who told Al-Arabiya television he saw people who were soaked in kerosene, then set afire, burning before his eyes.

AP Television News also took video of the Mustafa mosque showing a large portion of the front wall around the door blown away. The interior of the mosque appeared to be badly damaged and there were signs of fire.

However, the U.S. military said in a letter to the AP late Monday, three days after the incident, that it had checked with the Iraqi Interior Ministry and was told that no one by the name of Jamil Hussein works for the ministry or as a Baghdad police officer. Lt. Michael B. Dean, a public affairs officer of the U.S. Navy Multi-National Corps-Iraq Joint Operations Center, signed the letter, a text of which was published subsequently on several Internet blogs. The letter also reiterated an earlier statement from the U.S. military that it had been unable to confirm the report of immolation.

The AP received no comment Friday when it first asked the U.S. military for information. It then carried portions of a U.S. military statement Saturday that said the U.S. had been unable to confirm media reports that six Sunni civilians were allegedly dragged out of Friday prayers and burned to death. The U.S. military said that neither police nor coalition forces had reports of such an incident.

The Iraqi Defense Ministry later said that al-Hashimi, the Sunni elder in Hurriyah, had recanted his account of the attack after being visited by a representative of the defense minister.

The dispute comes at a time when the military is taking a more active role in dealing with the media.

The AP reported on Sept. 26 that a Washington-based firm, the Lincoln Group, had won a two-year contract to monitor reporting on the Iraq conflict in English-language and Arabic media outlets.

That contract succeeded one held by another Washington firm, The Rendon Group. Controversy had arisen around the Lincoln Group in 2005 when it was disclosed that it was part of a U.S. military operation to pay Iraqi newspapers to run positive stories about U.S. military activities.

Seeking further information about Friday's attack, an AP reporter contacted Hussein for a third time about the incident to confirm there was no error. The captain has been a regular source of police information for two years and had been visited by the AP reporter in his office at the police station on several occasions. The captain, who gave his full name as Jamil Gholaiem Hussein, said six people were indeed set on fire.

On Tuesday, two AP reporters also went back to the Hurriyah neighborhood around the Mustafa mosque and found three witnesses who independently gave accounts of the attack. Others in the neighborhood said they were afraid to talk about what happened.

Those who would talk said the assault began about 2:15 p.m., and they believed the attackers were from the Mahdi Army militia loyal to radical anti-American cleric Muqtada al-Sadr. He and the Shiite militia are deeply rooted in and control the Sadr City enclave in northeastern Baghdad where suspected Sunni insurgents attacked with a series of car bombs and mortar shells, killing at least 215 people a day before.

The witnesses refused to allow the use of their names because they feared retribution either from the original attackers or the police, whose ranks are infiltrated by Mahdi Army members or its associated death squads.

Two of the witnesses — a 45-year-old bookshop owner and a 48-year-old neighborhood grocery owner — gave nearly identical accounts of what happened. A third, a physician, said he saw the attack on the mosque from his home, saw it burning and heard people in the streets screaming that people had been set on fire. All three men are Sunni Muslims.

The two other witnesses said the mosque assault began in earnest about 2:30 p.m. after the arrival of the four vehicles filled with arms. They said the attackers fired into the mosque, then entered and set it on fire.

Then, the witnesses said, the attackers brought out six men, blindfolded and handcuffed, and lined them up on the street at the gate of the mosque. The witnesses said the six were doused with kerosene from a 1.3-gallon canister and set on fire at intervals, one after the other, with a torch made of rags. The fifth and sixth men in the line were set afire at the same time.

The witnesses said the burning victims rolled on the ground in agony until apparently dead, then the gunmen fired a single bullet into each of their heads.

The witnesses said residents, in the meantime, had taken up arms and began a gunbattle with the suspected militiamen that raged in the neighborhood until 4 p.m. They said eight to 10 gunmen were killed and left in the streets. Iraqi law allows each household to own an AK-47 assault rife for protection.

One witness said he and other people from the neighborhood took the six immolation victims to the Sunni cemetery near Baghdad's Abu Ghraib suburb and buried them after the gunbattle. That witness said one of the victims was the Mustafa mosque muezzin or prayer caller, Ahmed al-Mashadani. He did not know the names of the five others, but said they were all members of the al-Mashadani tribe.








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Deputy Prime Minister confirmed to expedite the reconstruction of Sadr City.

Union : he met with Dr. Barham Ahmed Salih Deputy Prime Minister yesterday to the Chairman and members of the municipal council of Sadr City and in the presence of Secretary of Baghdad Professor Saber-Issawi, a number of general managers in the municipality of Baghdad.
The cross Barham Salih expressed his delight at the meeting and the transfer of them warm and heartfelt condolences to the families and the families of those killed and wounded in the recent vicious attack on Sadr City, which has been described in the disadvantaged and pray for its martyrs and asked God to heal the wounded.
He said, I visited the city several times and came to the sad reality and the tragic situation that prevailed in the city and that it is our duty as Iraqis first and second government to serve our people and country and to be aware of our responsibilities and start of Sadr City.
He recalled that the budget for the coming 2007 will be ambitious and the share of investment and reconstruction would be great and the amounts set aside for the task of Sadr City.
He added, we want to accelerate the work of reconstructing the city, and this requires your help you representatives of the city and help the city's residents also will cooperate together seriously, and the effectiveness and transparency in order to raise the standard of their services.
.He suggested that the working group consists of members of the municipal council and the Secretariat of Baghdad and the Office of the Deputy Prime Minister and meet with them monthly to monitor the achievements of the group and overcome difficulties and obstacles, if any. To provide the City Council with the assistance of Baghdad strategic outlook of priority projects for the purpose of providing financial allocations Or redundant For his part, the city provides appropriate security conditions for the purpose of implementing those projects.
The President of the City Council explanation graph of the city's needs and the most important proposed projects, which Baddou'ha can raise the level of social, economic and service to the city's residents.
It should be noted that the most important projects is the proposed rehabilitation project electric power stations
Of the 68 sectors in the city and the sports city, the large park and the city's medical Sadr City and other projects to pave roads and the rehabilitation of water and sewerage systems.

Originally Posted by kiko

Susie, I don't give a sh*te where they publish it to implement it, I only want that they do it soon/this weekend!

What I am trying to say, it doesn't matter where to publish it, they can do that anytime they want. They also can delay the publication = delay implementation and we have seen that one before!

But on the other side, time is running out, they have to do it soon, because ICI is coming up and I am sure that these countries want to see some results for their debts relief!

I think they do have to publish it Kiko. "Legal notice" and all that goes with it, same in the USA, anything gov't enacts has to be published in the Federal Register. Since CBI may in fact be like the Fed (not a government entity, but part of a banking cartel) they still have to publish the notice somewhere for all to see. I think that's part of what makes it "official".