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

Quote:
Originally Posted by neno
1 Ton = 2000lbs X 16 onces = 32,000 X (what $ per once) X 400 Tons = What?

1 ton = 2000lbs x 16 ounces = 32000 ounces per ton x 4 tons = 128000 ounces x $620.00 ounce = 79360000
__________________


I see there was some discussion on Gold reserves and net worth. It seems somewhere I read that 4 tons were in Switerland, but also this doe's not include the gold that was confiscated in convoys trying to cross the border into Syria. This was estimated at 6-8 tons and is being still held in Iraq.
Sorry no link, just remeber reading it somewhere.

Gloribee

Tuesday 26 December 2006
Assignment Iraq drafts a bill on amendments of the Arab League charter to the parliament for endorsement


Iraqi national-Luna / Baghdad office / Telecom Service / Public Service referred ministries in the Secretariat of the Council of Ministers a draft law on the ratification of Iraq amendments of the Arab League charter proposed by the Council of Ministers during its session held on the 17th of this month after scrutiny by the state council to the House of Representatives for the purpose of endorsing it and make the appropriate decision.

æßÇáÉ ÇáÇäÈÇÁ ÇáæØäíÉ ÇáÚÑÇÞíÉ - æäÇ: ÇÍÇáÉ ãÔÑæÚ ÞÇäæä ãÕÇÏÞÉ ÇáÚÑÇÞ Úáì ÊÚÏíáÇÊ ãíËÇÞ ÌÇãÚÉ ÇáÏæá ÇáÚÑÈíÉ Çáì ãÌáÓ ÇáäæÇÈ ááãÕÇÏÞÉ Úáíå

Cheers!
DayDream

Cheers!
DayDream

Originally Posted by shotgunsusie

so much information coming, but what i want to know is what information even remotely suggests nov. 2007?? did you read where the hcl WILL BE implemented jan 07,and the fil? that means all those big companies swarming in with all their money and increasing the standard of living and everything else in iraq. be kinda hard for iraq to hold their currency that low for a year with the oil law and investment law implemented and those billions of barrels of oil flowing out of there. and like i said if thats the case it would be wiser to go over there and spend your dinar rather than hold onto it to cash in later?

so in actuality nov. 07 is rather out of the ballpark so to speak.

There is no information that supports my theory of any further movement until the end of the year. Hence the "shot in the dark". But, what is to stop them from doing just that? They can start, stop, or do anything they want. Trust me i want this to happen just as much as everyone else, but I was just throwing the "what if" out there.

They can do whatever they want, just becuase we want it to happen doesnt mean it will.

The Cabinet recognizes the application of the law of common retirement from January 1, 2007


Iraqi national-Luna / Baghdad office / The Cabinet decided the application of the law of retirement the consolidated No. 27 for in 2006 in the January 1st, 2007 and which was put on the back burner a full year after objections were raised before the Ministry of Finance since the mentioned law will enter into force on 1 January of next year after the approval of (Council of Ministers) on its content and the law referred to includes current retirees and those who will be referred them after the entry into force of civilian and military and the internal security forces and will the disposal of in the context of this law of company pensions to those who less of their service on the (15) years and the disposal of Bonuses Pension Board on the movement and the service of on the (15) years and It is noteworthy that the Law on retirement the unified and faced a sensation in the governmental circles and popular because he has not been implemented as identified him in the January 1st, 2006 in spite of the publication in the newspaper (the facts) consultations, thereby raised the resentment of a slice of retirees, who demanded its application-building on the deadline which identified him only that the government remained silent on another law out that the the Cabinet decided recently its implementation which led to satisfaction among pensioners. (wonder what law they are referring to?)

æßÇáÉ ÇáÇäÈÇÁ ÇáæØäíÉ ÇáÚÑÇÞíÉ - æäÇ: ãÌáÓ ÇáæÒÑÇÁ íÞÑ ÊØÈíÞ ÞÇäæä ÇáÊÞÇÚÏ ÇáãæÍÏ ÇÈÊÏÇÁ ãä 1 / 7 / 2007

Cheers!
dayDream

sorry to interceed here But if we are talking Gold here It is 14 TROY OUNCES to the Pound.

Originally Posted by DanielJay

There is no information that supports my theory of any further movement until the end of the year. Hence the "shot in the dark". But, what is to stop them from doing just that? They can start, stop, or do anything they want. Trust me i want this to happen just as much as everyone else, but I was just throwing the "what if" out there.

They can do whatever they want, just becuase we want it to happen doesnt mean it will.

Welcome to the forum DanielJay! What you need to understand is that this isn't a "what if" forum here, we try hard to deal in facts. SGS was presenting to you the facts. The facts leave no room for the "what if" scenerio you present. Please go back through our history thread and read all the good news that will soon be fact and if after all that you still feel the need to pose the Nov '07, then by all means throw it out there again. I must warn you though, it will take awhile to read "All the GOOD news" and by then the r/v will have already happened. Again...Welcome!

Cheers!
DayDream

A Banking expert: Iraqi company for banking guarantees is a right start

26/12/2006
Source: Translated by IRAQdirectory.com

The Iraqi company for banking guarantees intends to hold an extensive meeting with heads of the boards of the private banks that fall under the standard of the company at the beginning of 2007 in Amman. Small and medium-sized enterprises owners hopes on the role which should be played by the Iraqi company for the bank guarantees to provide facilitated loans necessary for the activation of their projects, and this is one of the main objectives of the company.

The Banking expert and member of the company's board, Zuhair Al-Hafiz, said that: the meeting to be held in Amman early 2007 aims at briefing the participants with the company's work and the mechanism it adopted in order to activate its role in promoting the march of development, construction and reconstruction in Iraq.

Al-Hafiz also revealed that the private banks of : Baghdad, the Middle East for investment, Basra Private, the Iraqi Private Bank, Sumar Commercial Bank, Alwarkaa for investment, Al-Mosul for Development and Investment, the Bank of the North, Assyrian International for Investment, the Gulf Commercial and the Iraqi Investment Bank took it upon themselves to establish this company which aims at developing the local lending market.

He also said that the objective of the company is to grant the small and medium-sized enterprises access to formal credit sources of funding and banks.
The banking expert, Zuhair Al-Hafiz, confirmed that the company's activities will strengthen the role of the private sector in: the development process, the reconstruction projects and in leading the economic process. The company's loans provided to small and medium-sized enterprises will be guaranteed to activate those important projects.

He explained that the company will help the qualified small and medium-sized enterprises to get credit facilities from private banks. It will support the modern practices in credit and the right banking practices in the process of granting loans to small and medium-sized enterprises as well as assisting private banks to develop new sectors.

Al Hafiz explained that special criteria laid down by the Iraqi company for bank guarantees must apply to the borrower so that the company will guarantee him with the bank referred to which will complete and submit the file of the loan insurance request to the company as well as ascertaining the completion of the necessary procedures of subscription properly. As for the possibility of other banks joining this program, Al Hafiz explained that the private bank which desires to join it should meet the conditions contained in the Convention of the Participant Banks which clarify the obligations of each bank and the Iraqi company for bank guarantees; also, the bank must be licensed by the Iraqi Central Bank and committed to all its rules and instructions, pointing out that the company do not deal with the borrowers directly, but with the participant bank only.
He pointed out that the company had identified the terms of guarantees between 1-5 years to the qualified loans for fixed assets and working capitals, while the term of the short-term loans financing working capitals is not more than 360 days. The loans are paid back in monthly installments. There will be a permitting period to the loan determined by the bank and depends mostly on estimates of cash flows.
A member of the company's board said that the company guarantees loans of the newly established projects.

It should be noted that the Iraqi banking sector needs comprehensive reform to enhance its role in the economic development process in Iraq and to be able to meet the needs of the construction and reconstruction of Iraq, and the company is a sign of starting off towards effective role of the private banks in development.

Cheers!
DayDream

Originally Posted by DayDream

Welcome to the forum DanielJay! What you need to understand is that this isn't a "what if" forum here, we try hard to deal in facts. SGS was presenting to you the facts. The facts leave no room for the "what if" scenerio you present. Please go back through our history thread and read all the good news that will soon be fact and if after all that you still feel the need to pose the Nov '07, then by all means throw it out there again. I must warn you though, it will take awhile to read "All the GOOD news" and by then the r/v will have already happened. Again...Welcome!

Cheers!
DayDream

At the time someone has read the history of the Rolclub I am grey!

Originally Posted by shotgunsusie

actually someone posted it earlier in this thread but didnt include the entire article only hilites.

huh? i posted the whole thing?

Curious...has anyone else noticed articles in their hometown newspaper regarding "The booming economy of Iraq" since that article came out? Heres one from my newspaper..

December 23, 2006

Don Surber

Earth to Bush: We are winning

In the Washington Post on Wednesday, the headline read, “U.S. Not Winning War in Iraq, Bush Says for 1st Time.”

The president said, “We’re not winning, we’re not losing.”

Most Americans read that as “We’re . . . losing.”

Which is a shame, because that does not seem to be the case. Despite the violence and the exaggerations of violence, the economy is booming

Don’t take my word for it. The headline in Newsweek this week read: “In what might be called the mother of all surprises, Iraq’s economy is growing strong, even booming in places.”

Reporter Silvia Spring pointed out that mobile phone usage, for example, had quintupled in the last two years, rising to 7.1 million subscribers out of an estimated 25 million people.

Real estate is booming, she reported, as is construction.

The nation has 34,000 businesses, up from 8,000 just two years ago, she said.

Estimates of Iraq’s annual economic growth range from 4 percent to 17 percent. Considering Iraq’s economy was minuscule under the socialist government of Saddam Hussein, any growth would be expressed in a large percent.

“But, given all the attention paid to deteriorating security, the startling fact is that Iraq is growing at all,” Spring wrote.

The growth comes from oil. National oil revenues and foreign grants will hit $41 billion this year.

But unemployment runs at between 30 percent and 50 percent, creating a dangerously large group of idle hands, which are of course the devil’s workshop.

“Even so, there’s a vibrancy at the grass roots that is invisible in most international coverage of Iraq,” Spring wrote. “Partly it’s the trickle-down effect.”

So why is the president so down?

Maybe he simply is tired, after four years, of being asked “are we there yet?” by reporters in the form of the question, “Are we winning?”

But we have little choice but to win. Democrats may have taken over Congress as the antiwar party, but so far no one in the House or Senate leadership is talking about withdrawing troops — “immediate redeployment” to use the weasel words.

The stakes are high. Americans must stand tall, Donald Rumsfeld said last week as he ended his second tour of duty as secretary of defense.

“When I last departed this post in 1977, I left cautioning that ‘weakness is provocative.’ That weakness inevitably entices aggressors into acts they otherwise would avoid,” he said. “Then, our country was engaged in a ‘long struggle,’ a struggle of uncertain duration, against what seemed, at the time, as an ascendant ideology and clearly an expanding empire.”

We outlasted the Soviet Union. That was good for the world. Gone are the gulags.

“America is not what’s wrong with this world,” Rumsfeld said. “Ours is a message that was heard and fought for in places like Berlin, Prague, Riga, Tokyo, Seoul, San Salvador, Vilnius and Warsaw. And that message is even now being whispered in the coffee houses and streets of Damascus, Tehran and Pyongyang.”

And America is not what is wrong with Iraq.

Yes, there have been deaths since America overthrew Saddam Hussein. The best guesstimate is that allied forces, insurgents and terrorists have killed 100,000 civilians in the last three years.

Hussein is on trial for his campaign against the Kurds in the late 1980s. He is charged with killing twice that many people.

And he targeted civilians. And he used chemical weapons on them.

So much for the fairy tale that Iraq was better off with Saddam Hussein in charge.

I thought Iraq would be France 1944. Instead it is South Korea.

I was born the year President Eisenhower took office and brought a cease-fire to Korea. American troops are still there to keep North Korea out.

But I also know that South Korea has a vibrant economy. The children no longer starve.

My wife drives a Hyundai, just as her best friend once drove a Volkswagen from Germany and I drove a Mitsubishi from Japan.

Maybe someday she will drive a car from Iraq. After she drives one from Estonia, Afghanistan, Bulgaria or even El Salvador.

Doing what is right is not always popular. Being unpopular can wear a president down. I take it that is why the president said something foolish.

We are winning. We shall prevail. We have no choice.

The Charleston Gazette - Top Stories

Cheers!
DayDream