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

Iraq adopted a new investment law excludes oil and gas extraction and production

Sadik of the Presidency Iraqi investment law on the draft approved by the Iraqi parliament aims to encourage investments and the transfer of modern technologies to contribute to Iraq's development and expand its manufacturing and service and diversification. The law aims to encourage the Iraqi private sector and foreign investment in Iraq vinegar the provision of the necessary facilities for the establishment of investment projects and to promote the competitiveness of enterprises. One of the goals of the law also the development of human resources according to market requirements and providing job opportunities for the Iraqis. and work to protect the rights and property of investors and expanding exports, and strengthening the balance of payments and trade balance for Iraq. During a special investment policies and controls and monitor the application of the instructions in the area of investment projects and specific investment strategy of the federal and exclusively, which has been called 'the National Authority for Investment'.
The event, moderated by the National Authority for the investment board is composed of nine members with expertise and competence as well as representatives in the regions and provinces and will be based in Baghdad.
Exempted from the provisions of the law 'investment in the fields of mining and oil and gas production as well as investment in the banking and insurance companies', while all areas of investment will be subject to the other provisions of this Act.
The investor will enjoy, regardless of his nationality, all the advantages and facilities, guarantees and subject to the obligations contained in the present law and the right of the Iraqi and foreign investors in the housing area to keep the land without determine between him and the owner of the land without speculative land according to rules set by the National Authority for Investment and with the consent of the Council of Ministers.
It will also facilitate the allocation of land for housing projects and the sale of housing units to the Iraqis after the completion of the project. The law allows investors to take the capital introduced to Iraq and proceeds in accordance with the provisions of this law and the instructions of the Central Bank of Iraq and a convertible currency after payment of all debts and obligations to the Iraqi government and all other quarters.
In accordance with the law and is entitled to foreign investors' transactions in the market Iraq securities and equity securities listed therein and the composition of investment portfolios in stocks and bonds'.
The law gave the investor the right to lease land required for the project for the period in which the project is based on the investment should not exceed the 50th year renewable with the approval of the body and take into account in determining the term nature of the project and its usefulness to the national economy. Will Iraq in accordance with this law to 'the establishment of investment Yeh secure and encourage the Iraqi investors through the provision of soft loans and financial facilities for them in coordination with the Ministry of Finance and the use of banking institutions with the requirement that any investor who is a loan, using a number of the unemployed Iraqis commensurate with the size of the loan '. This Act guarantees the 'right of investor recruitment WAS workers at strengthening of the non-Iraqis in the absence of the possibility of using Iraqi possesses the necessary qualifications and able to do the job themselves' as well as for granting foreign investors and workers in the investment projects of the non-Iraqis the right to stay in Iraq and to facilitate their entry and exit to and from Iraq. It also ensures that a confiscation or nationalization the draft investment subject to the provisions of this law in whole or in part except as a right judgment now.
اعفاءات ضريبيةTax exemptions
Individuals who leave the project investment of the exemption from taxes and duties for a period of ten years from the date of commencement of commercial operation. according to the development prescribed by the Cabinet proposal of the National Authority for Investment, depending on the degree of economic development of the region and the nature of an investment project.
According to the law, the authority to increase the number of years of exemption from taxes and duties commensurate increase in the proportion of direct relationship with the Iraqi investor participation in the project for up to 15 years if the rate of the Iraqi partnership investor in the project more than 50%.
Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4880&Ite mid=73

Originally Posted by ozizoz

Good Morning Rollers!

I just want to say congratulations, we hit the $700 USD to 1 million IQD today . . .not bad up from $670. Keep it up and I'll break even on the dealer premium I paid. Another $50 or so and I'll actually start MAKING money off this one :)

But of course a 1: .47 would be much better

There is a silver lining to every cloud, isn't there?

Got a link Flag???

Originally Posted by Innkeeper1

didnt they mean dec of 06?? not dec 6th.. well to keep your sanity on this i would suggest not getting to excited on particular dates or you can really be let down.. its fun to watch and hear about dates..but dont put all your hopes on them or you can really be disapointed, and even depressed..this is the holiday season..lets have fun with this and when it revals its party time.. till then we hold the winning lottery ticket we just dont know which weekend it will be called..lol

I am on the same page with you. I also want for it to happen and I beleve it will. We just need to wait it out There are way to maney ppl that wants it to happen right now. I am one of them However I also know that we need to wait because it will happen when it happens.

Originally Posted by FlagcityAutoD

Merry Christmas year of 2012 For the New RV!! ( OF 0.45 )

This should be in the rumor section....

flagcityautoD, whats the Value in that comment? are you trying to start Negativities here? we are all aware of what is going on here. If you wish to stay a member, in this ROL club. Please Post in the correct Place. We do Have a forum here for Naysayers. Also for all types of rumors.
Positive thoughts Bring Positive Results. This RV is closer than YOU would Care to Try to Impress on others. No doubt in Most of Our Minds here. It is Happening. so please Keep your NEGATIVE views In the Negative NAYSAYERS forum. Thank you. BOB

They are selling the Dinar right back out now, so when I asked about 3 weeks ago where is the proof they were pulling it from circulation? Theres some of your proof. I don't think they were ever PULLING dinar from circulation. The dinar just goes right back out through the back door anyway.

Originally Posted by Elfwizard

They are selling the Dinar right back out now, so when I asked about 3 weeks ago where is the proof they were pulling it from circulation? Theres some of your proof. I don't think they were ever PULLING dinar from circulation. The dinar just goes right back out through the back door anyway.

I'm afraid you really don't have a grasp of what is going on, do you. Do the math, follow the CBI auctions, read the CBI's own statements about reducing the amount of dinar in circulation. We are not making this stuff up. It's by their own design that this is happening.

Okay, someone needs to clear my head and get me thinking straight on this because I'm a bit confused.

In the month of November we have seen an increase in value of the Dinar against the Dollar. At the same time, we have seen a weakening of the dollar in the market. Now, reviewing AMEinfo, I have noticed that we have seen a weakening of the Dinar against the Euro.

If this rate change (1470 to 1429 in a month) is reflecting an actual increase in the dinar value, why has it decreased against the Euro? It is just a little worrisome, so I thought I would ask the question to the brain trust so that someone could put me back on the happy track.

Thanks,
Pooh