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

Originally Posted by Socata 850

Right now the Euro is worth USD $1.31. .9 Euros would be worth $1.18 USD

But how would this correspond to the .66? That is what I am confused about.

Ministry of Finance specifies one billion dollars to support the unemployed and lend those who want to build houses between 20 - 30 million iraq dinar

October 12, 2006
In the meantime, the Ministry of Commerce announced that it started supplying whoever wants with imported construction materials at subsidized prices.


This falls in line with the orientations of Al-Maliki government to ease the burdens imposed by the circumstances upon the citizens, like unemployment and the housing crisis that could be regarded as the most important problems facing the population. The government started the project of social protection to keep off hazards from families who suffer from poverty. Politicians and citizens say that the status of these families is resulted from the lack of employment opportunities provided for their sons.


A source in the Ministry of Finance stated that Mr. Jabr Al-Zubaidi declared, during his meeting with the Minister of Labor and Social Affairs Mahmmoud Al-Sheikh Radi, the decision of his ministry to specify one billion dollars (that is, one trillion and 500 billion iraqi dinar to help the unemployed set up small projects for themselves to provide a decent living for their families. He said: work of this project will start with the beginning of next year.


During his talk with the Minister of Labor, Azzubaidi said that the amount is enough to cover the expenses of 50 thousand projects whose owners could pay back the loans over 15 years without interest.

The Ministry of Labor and Social Affairs noted that the project would contribute to develop the economic status in Iraq on one hand and to achieve self-sufficiency for the families included in the social protection network.


Officials noted in earlier times that this network needs to be supported with financial surpluses resulted from the increase in selling prices of fuels. It has not been possible for "Assabah", though, to know whether this amount is a deduction of the savings achieved by raising prices of petrol to 250 dinars per liter. On its part, the Ministry of Labor formed a committee, consisting of representatives from the ministries of Finance and Planning to control the grants given to beneficiaries and to decide whether the proposed project needs financial support.


In order to confirm the ministry's quest for supporting community and alleviating the oppressive conditions, it started receiving requests from citizens who wish to build houses for themselves. An official source in the Ministry of Finance stated to "Assabah": The loans range between 20 - 30 million dinars. They are granted to anyone who has a piece of land and wishes to build it, repaid over a period of 20 years at an interest of 6% of the loan value. He explained that the bank will grant loans ranging between 8-12 million dinars for those wishing to add another building, repaid over a period of 15 years.


He pointed out to the granting of 20 million for those who wish to build on an area of 75m-100m, 25 million dinars to the area ranging between 101m-125m and 30 million dinars for constructing an area of more than 126m.


The instructions for granting the loan conditions to present a pledge to pay back the amount through the deduction of salary if the receiver is an employee or cash if not, it also conditions that the receiver and his wife do not have a land plot any were in the provinces or that he and his minor children have no real estate in any province. Also, there should be a guarantor available.(Source)AlSabah

Originally Posted by ronbo

But how would this correspond to the .66? That is what I am confused about.

.66 USD = .49780 EURO

Originally Posted by mike brown

can we get the link verifying that Cheney bought 750 million dinar?

I found this in the Iraqi papers.

Originally Posted by mewannapeg

.66 USD = .49780 EURO

That's not what I meant. Susy usually doesn't post something unless she feels strongly about it being factual. But then we have Iraqi papers giving a different value. That is what has me confused, which by the way is not hard to do!

By the way, I am the one on the right!!!!

Originally Posted by coolhand009

[SIZE="6WHERE IS THIS LINK, I CAN"T FIND IT, WHAT GOING ON WITH DINAR

It all starts right here: http://www.rolclub.com/iraqi-dinar-d...tml#post149456 READ>>>>>>>>>>>>>.

Originally Posted by ronbo

But how would this correspond to the .66? That is what I am confused about.

Originally Posted by mewannapeg

.66 USD = .49780 EURO

Dont be. The Iraqi Dinar is Pegged to the US Dollar. Not the Euro. SGS said what she said in the Rumor Thread. Take it for what it is worth. That is what she has always said. Let it go.

Originally Posted by Offshore-Wealth.com

Interesting,

A source in the Ministry of Finance stated that Mr. Jabr Al-Zubaidi declared, during his meeting with the Minister of Labor and Social Affairs Mahmmoud Al-Sheikh Radi, the decision of his ministry to specify one billion dollars (that is, one trillion and 500 billion iraqi dinar to help the unemployed set up small projects for themselves to provide a decent living for their families. He said: work of this project will start with the beginning of next year.

If we have read right, they want to help 100,000 people getting loan to start a business, and here we have $1B set aside for this, then as I see it, isn't this $660M at the quoted 10K dinar which is $6.600. announced. As in 100,000 X $6,600. = $660B. Just trying to make sense of it myself, so it looks plausable after all figuring administration costs. It is late and I don't have my calculator. (g)

Happy Holiday Season to all, Mike

OSW...For some reason I think this article is the key in conjunction with the article of this morning about the CBI and that 1500 dinar figure talked about in recent days. I believe the 2nd article is the truer figure 1 Trillion Four Eighty Billion=1480. For some reason I keep coming back to that figure because you can arrive at .67 IQD somewhere somehow using it if it is 1.48USD. Didn't someone make a comment this morning about the CBI article meaning putting the dinar back up around the 1500 dinar range? Jeepers I am tired and can't express what I'm wanting to say! And I'm probably coming across as an Idi*t, but theres something I wanting to say but my mind can't grasp it right now. But I hope someones head is clearer than mine right now and hopefully can fine tune this. Or just consider it pure rambling on my part and ignore this. I'm just to tired to go back over this mornings posts.

Cheers!
DayDream

Originally Posted by DayDream

OSW...For some reason I think this article is the key in conjunction with the article of this morning about the CBI and that 1500 dinar figure talked about in recent days. I believe the 2nd article is the truer figure 1 Trillion Four Eighty Billion=1480. For some reason I keep coming back to that figure because you can arrive at .67 IQD somewhere somehow using it if it is 1.48USD. Didn't someone make a comment this morning about the CBI article meaning putting the dinar back up around the 1500 dinar range? Jeepers I am tired and can't express what I'm wanting to say! And I'm probably coming across as an *****, but theres something I wanting to say but my mind can't grasp it right now. But I hope someones head is clearer than mine right now and hopefully can fine tune this. Or just consider it pure rambling on my part and ignore this.

Cheers!
DayDream

DD, you think your heads foggy, if you only knew what was going threw mine right now. Keep the faith, new Info is coming from RolClub detectives as we speak.

Gloribee

Originally Posted by DayDream

Didn't someone make a comment this morning about the CBI article meaning putting the dinar back up around the 1500 dinar range?

Huh? So are you saying that they would devalue the dinar? I guess maybe I dont understand what you and Offshore Mike are saying here. Does anybody else clearly understand? It is late for me and I have had little sleep so.... can someone step up and clarify what DayDream may be saying????