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

Hey, I've got an idea!!! Let's all buy all the dinar left so they will have to peg it to get it back into circulation again. Pretty smart idea from an old counrty boy don't you think. They should have made me president of Iraq. LOL

It probably would cigarman! The more you have, the more you want. I get my calculator out and I say to myself "If I have 3,000,000 dinar and it pegs for .30, "oh thats not enough" So I buy more. It is buy far the worst sickness I have ever had. It will be OK Cigarman I promise. Janet

Well, Mike did say SOMETIME this week. Maybe some news tomorrow. I think it's time for one of those late night rides. PEACE

Cigarman, There is nothing that destresses me more than a Harley ride. It sounds like a plan to me. You will be just fine. Keep the faith. Janet

This is the last time im away from this thread 3 days. I takes forever to catch up with the reading

25 June 2006 (Baghdad: Al Sabah newspaper)

Inflation rose during May by 4.5% as compared to the month of April, according to a report prepared by the Central Statistical and Data Bureau of the Ministry of Planning.

The Minister of Planning, Dr. Ali Ghaleb, said in a press statement that the report is based on data collected in respect to the price of goods and services making up the consumer basket as found in Baghdad markets and locations within other governorates.

The rise is the result of the following increases: tobacco and beverages by 5.2% , furniture by 1.7%, fuel and light by 28.2%, goods and various services by 2.8%, and rent by 1.8%. These items represent 20.8% of total family expenditure. Food, clothes, transport, communications, and medicine witnessed a reduction compared to April with these representing 79.3% of total family expenditure. The report indicated that over the year May 2005-May 2006 inflation was up by 58%.


25 June 2006 (Baghdad: Al Sabah newspaper) -- The Minister of Oil, Dr. Hussien AL Shehrastani, confirmed that the government has decided to build three new oil refineries with a total production capacity...

looks like by the time this does happen we will be able to buy the top of the range zimmer frame lol.

26 June 2006 (Baghdad: Al Sabah newspaper)

The Commercial Bank of Kuwait has opened a major branch in AL Sulaimania, northern Iraq, while the Kuwaiti Western Company will begin operational work from the beginning of next July with respect to the execution of projects in Kurdistan Province.

An authoritative source at the Kurdish Commission for Investment Encouragement has told AL Sabah that the new Kuwaiti branch in the north will play an important role and will serve the whole of Iraq, offering a full range of banking and financial services using the most advanced systems.

The representative of the Commercial Bank, Naeem Shahata, has confirmed that the bank will specialize in deposits, transfers and the granting of special loans to companies and individuals. The Bank will expand its operations to include all banking activities, which will encourage Kuwaiti companies to invest capital in northern Iraq, as the region benefits from a stable security situation.

The Commercial Bank of Kuwait has branches in a number of European countries, America and South Africa.

On a related subject, the AL Sulaimania Chamber of Commerce has concluded 45 trade and economic contracts with the Turkish Chamber of Commerce. Hasan Horami, the Head of the AL Sulaimania Chamber of Commerce, said that these contracts covered the import of goods, agricultural equipment, industrial units, and domestic furniture. He added that a delegation from the AL Sulaimania Chamber of Commerce, made up of 78 prominent businessmen and company executives, had participated in the Ghazientap Trade Fair in Turkey, held specifically for the purpose of Iraqi reconstruction.

26 June 2006 (Baghdad: Al Sabah newspaper)

The Iraqi Ambassador to Japan, Dr. Ghanem Alwan AL Jumaili, has called on Japanese investors and companies to participate in Iraq's reconstruction. During his meeting with the Director General of the Japanese Cooperation Center, the Ambassador discussed ways to reinforce relations between Japanese investors and their Iraqi counterparts within both the public and private sectors.

He said that Iraq has great hopes for help from Japan, and said that despite the unstable security conditions, the Japanese government had decided to complete three projects. He also referred to the existence of Memorandums of Understanding (MOUs) with three companies and projects for the rehabilitation of hospitals.
The Ambassador expects the level of trade exchange between the two countries to exceed that of the 1980s.

On his part, the Director General of the Japanese Center expressed the hope to hold a large conference next autumn to discuss investment opportunities in Iraq

26 June 2006 (Baghdad: Al Sabah newspaper)

The Minister of Construction, Bayan Ismael Dazie, has held discussions in Baghdad with senior officials at the US Embassy over ways to support the Ministry in infrastructure projects financed by the US. At the same time, the Minister of Construction and Housing, has held discussions with senior officials at the Ministry to discuss its four-year plans.

She said that Iraq must, over the next period, intensify efforts to execute projects, particularly in the area of building houses, roads and bridges, and she called on the US to offer full support to the Ministry, particularly as Iraq is currently experiencing a total lack of services.

For its part, the US expressed a commitment to offer the support required, particularly in training and the development of specialist knowledge. This would be in addition to supporting housing policies and liaising with world organizations and donor states to obtain the capital necessary for financing these projects.

She confirmed that a comprehensive development plan for building, construction and the activation of the reconstruction operation had been drawn up, with priority being given to the neglected area of encouraging investment .

She called upon the private sector to increase its role in the execution of construction projects and to increase the role of the Housing Fund by building more housing units.

thanks mogo, ha ha!
hey, its gotta happen b4 24th July. i got 2 be retired by 30.
of course, the longer it takes, more we can buy, so, nothing to worry bout really is there cirgarman...