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

Originally Posted by goldraker

Well I do remember reading that on here a couple of days ago.......

And it was not the ISX, that I read. I hope that it was incorrect info!

here is the history link for the past few years

http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf

Originally Posted by ErelisLT

I highly doubt it. If you look at CBI's website, you will notice that their auctions carried on during these days in all previous years. It should be as always, only Friday and Saturday off.

Dec 30 starts Eid al-Adha this year, which is why the CBI probably will be closed during this festival. For the past 2 years, they have been closed for 4-6 days for this festival. The timing of this festival is different each year, as it is dependent upon the phases of the moon. They were open at the new year for the last 2 years because Eid al-Adha happened later in January. I look for them to be closed until the 9th. JMHO.

Originally Posted by sourpickles

Dec 30 starts Eid al-Adha this year, which is why the CBI probably will be closed during this festival. For the past 2 years, they have been closed for 4-6 days for this festival. The timing of this festival is different each year, as it is dependent upon the phases of the moon. They were open at the new year for the last 2 years because Eid al-Adha happened later in January. I look for them to be closed until the 9th. JMHO.

oooooooh, that's gonna hurt! I need my daily updates fixes, LOL

Interesting observation by Cressey30 over at that other place.

The FIL was passed & ratified some time ago. We were just waiting for enactment to be able to push things forward. If you look at the various details in the forum you will see that the FIL was, in fact, enacted yesterday (19th) which should mean that you can buy shares now in your name rather than using Warka as proxy, which has been necessary up until now. There is one point that you should notice, & that is the ISX closed down for business on Monday (18th) night & will not be open until 8th Jan.
If you read between the lines, you will notice that the FIL enactment came through the day after the ISX closed thus preventing any individual or large commercial entity from purchasing into Iraqi company shares until they reopen after, with luck, the HCL & ICI have also been enacted by the large meeting on the 7th Jan. When all this takes place there is nothing then stopping the GoI & CBI from issuing an RV of, again with luck, substance prior to the ISX reopening thus making the shares cost on par with other neighbouring countries. So by doing this, the worry that some people had of Iraq being sold off on the cheap to big foreign investors will be avoided & they shall have enough currency to cover the stipend to the Iraqi citizens created by the HCL, to cover the grant to families, to cover the 100000 small project loans for businesses, to cover other large projects & also to cover the day to day running of the country.
Also just one other very small point is that as a by product of this all coming together, we shall be able to look at our small amounts & go to exchange it for whatever currency we wish & at a very nice profit. So who was it that was after that Lambo & yacht--see you in the Caribbean. Me? Well I'm moving out of tax riddled UK to the sun & very low taxes within the year, & when I'm done then, if anyone is passing by all means pop in as the champers will be on ice.
Here's hoping for a big one.

Originally Posted by $onedaysoon$

here is the history link for the past few years

http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf

Originally Posted by sourpickles

Dec 30 starts Eid al-Adha this year, which is why the CBI probably will be closed during this festival. For the past 2 years, they have been closed for 4-6 days for this festival. The timing of this festival is different each year, as it is dependent upon the phases of the moon. They were open at the new year for the last 2 years because Eid al-Adha happened later in January. I look for them to be closed until the 9th. JMHO.

see link, should be up and running less fri & sat

Economic : ” "Financial" declares the readiness of banks to grant loans for housing ministries, municipalities and water resources.


بغداد ـ الصباح الجديد:Baghdad : Al-Sabah Al-Jadeed
Jabr said in a statement Zubaidi, the Minister of Finance that Iraqi banks affiliated to the ministry was prepared to grant the companies affiliated to the ministries of housing and construction, water resources and municipal loans for projects to be implemented by the ministries in support of the upgrade for the performance of these companies from the considerable experience in the implementation of projects for the construction of bridges, factories, productivity distributed throughout Iraq.


This came during a meeting between the Minister and ministers of those ministries were discussed during the meeting, the budgets of the ministries of 2007 and service projects and strategic outlook implemented by the concerned ministries through optimal investment for next year budget plan, which will see explosive in the area of infrastructure in Iraq.
The Minister of Finance, Mr. stressed the importance of upgrading projects to be implemented within the framework of the plan in 2007 because the Ministry was serious in supporting projects that serve all citizens and achieve high rates of achievement and the emphasis on the absorption of labor and that is the Iraqi experience and competence in the field of reconstruction and take the private sector to participate in the completion of these projects.
The Foreign Ministers detailed explanation of the plan projects to be implemented by the ministries concerned, which is the backbone of the reconstruction operations in Iraq.
This meeting was attended by a number of officials in Alozara T. concerned.

Translated version of http://www.newsabah.com/paper.php?name=News&file=categories&op=newindex&ca tid=20

Originally Posted by mike brown

all chase banks nationwide buy and sell dinars.

go in, ask for iraqi dinar ( iqd ), give them the money, and if you buy early enough in the day, you will be able to pick up next business day.

buy rate $791 per million
sell rate ( if you sell to them ) $664 per million

good luck

Wow Thats a big spread. It sure will be nice to see there sell rate, some day above what most of us have paid for them!!! The way the cbi is going it wont take long !!!!!

If the CBI is closed for 6 days, as they were 1feb-6feb, 2004, that would have them closed thru Jan 4th. with the 5th & 6th being Fri. and Sat., on which the are normally closed. They celebrate Waqf al-Arafa on Sunday the 7th this year, which is also a holiday. This means that the earliest they would open is the 8th. While typing this up, I see that I am correcting myself, as it looks like it would be the 8th.

President Talabani : Baghdad security plan will be developed and implemented on a large scale beginning next year
Iraqi Presidency
__________________________________________________ ___
Vice President Tariq Al-Hashmi calls on the United Nations to increase and develop the tasks in Iraq
Iraqi Presidency
__________________________________________________ ____
In the meantime the quest for the reduction of inflation. Frenzied speculation to circumvent the procedures the Central Bank.
Iraqi Presidency
__________________________________________________ ____
- Evaluate the social welfare of the network of social protection (in fact, ambition) will be held on Sunday and Monday 24-25 / 12 / 2006 in order to evaluate the functioning of the network and try to find solutions and remedies to constraints and difficulties encountered and to facilitate the procedures of beneficiaries of its services and will participate in this session managers sections of social welfare in the district and officials and network managers operating centers and a representative of the province.
Iraqi Presidency
__________________________________________________ _

Originally Posted by sourpickles

If the CBI is closed for 6 days, as they were 1feb-6feb, 2004, that would have them closed thru Jan 4th. with the 5th & 6th being Fri. and Sat., on which the are normally closed. They celebrate Waqf al-Arafa on Sunday the 7th this year, which is also a holiday. This means that the earliest they would open is the 8th. While typing this up, I see that I am correcting myself, as it looks like it would be the 8th.

Having been on this ride for two and a half years, I have heard many RV rumored dates and people with corresponding birthdays saying maybe it will hit on their birthday. Well, now it is my turn because January 8th is my b-day and would love to have a present like an RV!! Of course I would love for it to be sooner but January 8th is only 19 days away!