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

Originally Posted by AlwaysDreaming

I just called 4 different Chase Branches here in the Phoenix area and I have been told by all that they will not sell dinar anymore. Apparently there is no real reason. One office told me that they were never suppose to have sold them in the first place and the order not to sell them anymore was government issued. He said if I had some I was lucky. I also asked about cashing them in and after being on hold for him to get a definate answer, I was told that I could not sell them back even if I purchased the dinars from there. Anyone being told this too?

About selling them back, he obviously doesn't know what he is talking about. President Bush gave the go ahead on invesing in them.

Originally Posted by shotgunsusie

laws in iraq go through 3 readings with a day break in between to think. on the third review or reading they take a vote and either pass or reject the new law. an article stated on thursday that the oil law had went to parliament although all the articles since then have denied that. dont be surprised if it is indeed in front of parliament and has had its first reading already.

This is why RC Loves you here. You will go the extra Mile to explain. Awsome!!!!!!!!!!! You are a Leader in my Opinion.

Originally Posted by boomcreek

About selling them back, he obviously doesn't know what he is talking about. President Bush gave the go ahead on invesing in them.

Presidential Order 13303: Allows US Citizens to invest in the New Iraq . Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen

IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq . The new order allows for a restructuring of the banking system in Iraq . US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq .

Iraq has a new currency to replace Iraq ’s two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country.

The other financial market structures are strong:

95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the world’s most growth-oriented investment and banking laws.

The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq . By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England .

well gang, i believe weve gotten neno amped up on this investment!!

THE PRESIDENT: Good morning. This week, I held important meetings at the White House about the situation in Iraq.

On Monday, I met in the Oval Office with one of Iraq's most influential Shia leaders, His Eminence Abdul Aziz al Hakim. We discussed the desire of the Iraqi people to see their unity government succeed, and how the United States can help them achieve that goal.

On Thursday, I had breakfast with Prime Minister Tony Blair of Britain. We discussed the sectarian violence in Iraq and the need to confront extremists inside Iraq and throughout the region. The Prime Minister explains it this way: "The violence is not ... an accident or a result of faulty planning. It is a deliberate strategy. It is the direct result of outside extremists teaming up with internal extremists -- al Qaeda with [the] Sunni insurgents, [and Iran with] Shia militia -- to foment hatred and thus throttle at birth the possibility of non-sectarian democracy."

The Prime Minister and I also discussed the report I received this week from the Iraq Study Group, chaired by former Secretary of State James Baker and former Congressman Lee Hamilton. Their report provides a straightforward picture of the grave situation we face in Iraq. The Iraq Study Group's report also explicitly endorses the strategic goal we've set in Iraq: an Iraq that can "govern itself, sustain itself, and defend itself."

The report went on to say, "In our view, this definition entails an Iraq with a broadly representative government that maintains its territorial integrity, is at peace with its neighbors, denies terrorism a sanctuary, and doesn't brutalize its own people. Given the current situation in Iraq, achieving this goal will require much time and will depend primarily on the actions of the Iraqi people."

I agree with this assessment. I was also encouraged that the Iraq Study Group was clear about the consequences of a precipitous withdrawal from Iraq. The group declared that such a withdrawal would "almost certainly produce greater sectarian violence" and lead to "a significant power vacuum, greater human suffering, regional destabilization, and a threat to the global economy." The report went on to say, "If we leave and Iraq descends into chaos, the long-range consequences could eventually require the United States to return."

The Iraq Study Group understands the urgency of getting it right in Iraq. The group also understands that while the work ahead will not be easy, success in Iraq is important, and success in Iraq is possible. The group proposed a number of thoughtful recommendations on a way forward for our country in Iraq. My administration is reviewing the report, and we will seriously consider every recommendation. At the same time, the Pentagon, the State Department, and the National Security Council are finishing work on their own reviews of our strategy in Iraq. I look forward to receiving their recommendations. I want to hear all advice as I make the decisions to chart a new course in Iraq.

I thank the members of the Iraq Study Group for their hard work and for the example of bipartisanship that they have set. The group showed that Americans of different political parties can agree on a common goal in Iraq and come together on ways to achieve it. Now it is the responsibility of all of us in Washington -- Republicans and Democrats alike -- to come together and find greater consensus on the best way forward.

As part of this effort, I met this week with House and Senate leaders from both parties, as well as senior members of the Armed Services, Foreign Relations, and Intelligence Committees. We had productive discussions about our shared duty to forge a bipartisan approach to succeed in Iraq. The future of a vital region of the world and the security of the American people depend on victory in Iraq. I'm confident that we can move beyond our political differences and come together to achieve that victory. I will do my part.

Thank you for listening.

END

President's Radio Address

Originally Posted by Socata 850

Boy, after last Thursday's auction I decided that I needed to take a break from the forum for a couple of days. Getting up at 3:30AM every day to get on the computer to check the CBI and other financial news was wearing me out. However, after reading through the posts I was surprised to read so much negative junk from some of the members. I came over to RolClub to get away from all that stuff, WHAT HAPPENED? I suppose that as we get closer to the reval date tensions are starting to rise. What I don't understand is that the closer we get, the more excited one should be. Instead you see such negative slime coming out of some people. What a contradiction that is !!

Our Pastor said the other day when the pressures of life are squeezing you tight is when you find out what is inside of people. No condemnation meant or intended, just sharing a thought.

Originally Posted by shotgunsusie

well gang, i believe weve gotten neno amped up on this investment!!

I have never been in dought. But, I am very impressed with todays Articles. I will Chill. Going to the HotTub for awhile.

Howdy.. haven't posted in a while but have been reading when I can...
I likethe news story about 5 billion dinars.. at current exchange rates that is only 3.5 million USD for all 5 regions and 528,000 USD... the security costs
alone during construction would eat that up... come on reval.

News on the hill... iraq study group report is OK.. but actions will speak louder than words, paranoia increasing about Iran wanting to help US out "afraid of Iraqi air space use for spying", the iraq markets should open soon flooding a format of middle east trading (duhhhh !!!) (manufacturing likey this), a few people buzzing on how can they get on the ground floor like the "water filtration / sewage treatment lobby"... nothing concrete... but the iraqi embassy has been meeting with lots of area associations and religious groups... most still don't get that Iraqi's would liek us to have less of a presence... interesting blurbs from the OAS... US getting into to iraq to avoid venezuela and one-step-aheading China from strategic oil supply...

I hope it revals soon.. gov. just cut or funding for long-term care services for elderly and disabled... love to take the money and do my own 501c3 for these kinds of services...

BTW.. Thanks to all of you who really keep this a great read.. SGS, "Professor" Knowles, Ozzy, Charmed and many others.. don't know your faces, but it is a pleasure to learn you from your passions...

Linus

http://www.alertnet.org/thenews/newsdesk/L09434879.htm

Iraq and Syria to reopen embassies on Monday
09 Dec 2006 20:11:40 GMT
Source: Reuters

More DAMASCUS, Dec. 9 (Reuters) - Iraq and Syria will re-open their respective embassies on Monday after decades of diplomatic deep freeze, Iraqi politician Ahmad Chalabi said on Saturday following talks with Syrian Foreign Minister Walid al-Moualem.

Iraq and neighbouring Syria agreed to restore full diplomatic relations last month during a visit to Iraq from Moualem, the first by a Syrian minister since the 2003 U.S.-led invasion which toppled former Iraqi President Saddam Hussein.

"Mr Moualem told me that the flags will be raised on the embassies on Monday to be followed soon by an exchange of ambassadors," Chalabi told Reuters.

Chalabi, who is in Damascus for a three-day visit said, that Syria was also studying joint patrols with Iraqi forces along the desert border between the two countries.

U.S. and Iraqi officials accuse Syria of supporting Sunni insurgents and have long complained that Syria has done too little to seal its border to foreign Islamist fighters.

Chalabi was asked if Syria has taken any practical steps to implement recently signed protocols between the two countries aimed at helping stabilise Iraq.

"Syria is ready to exchange security data and cooperate on the ground," he said. "Iraq is also ready to facilitate an economic exchange with Syria and resume exports of oil through the pipeline to Partous. But this of course is tied to the security situation on the Iraqi side."

As part of the deal to restore diplomatic relations Syria agreed on the need for US.-led forces to stay in Iraq until they were no longer needed, after which they would be gradually withdrawn.

Originally Posted by boomcreek

Our Pastor said the other day when the pressures of life are squeezing you tight is when you find out what is inside of people. No condemnation meant or intended, just sharing a thought.

That is so true.