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

Originally Posted by DayDream

01/01/2007

Investigators looking for the lost wealth Saddam and focus on the restoration of funds from Syria

The newspaper Observer of yesterday, investigators American and Iraqi governments now looking for hundreds of millions of pounds sterling missing from the wealth of former Iraqi President Saddam Hussein and plan to interview a number of members of his family, and working to restore 2.2 billion pounds sterling collected through the trade with Syria.
The newspaper said that «American officials from the Federal Bureau of Investigations (FBI) and the Ministries of the Treasury (finance) and external working in particular to find 2.2 billion pounds sterling in illegal profits obtained by the Saddam regime during the period from the year 2000 to year 2003 by the trade and signed with Syria and expenditures covered by the oil outside the framework of the oil-for-food program administered by the United Nations.

It added, quoting the sources did not reveal the identity of that «officials of the Ministries of Foreign Affairs and the Treasury Americans claim that Syria failed to provide data on more than 500 million dollars of Iraqi oil profits deposited in the Syrian Central Bank had paid to Syrian businessmen after the fall of Saddam Hussein's regime.

She noted that the Syrian officials deny the allegations and say that the visits by American officials to Damascus in the fall of 2003 failed to uncover any evidence of Iraqi money lost in isolation from the $ 300 million has been frozen in advance.
The United Nations imposed economic sanctions against the former Iraqi regime, including a ban on oil sales year in 1990 after its invasion of Kuwait in 1996 and then launched the oil-for-food program to alleviate the repercussions of economic sanctions on ordinary Iraqis.

The program, which allowed supervised by the fifteen Member States in the Security Council of the previous Iraqi government sell limited amounts of oil to buy civilian goods.

The newspaper stressed that a prolonged Charles Dovler inspector of the former to the United Nations addressed to the Central Intelligence Agency (CIA) as the volume of money collected by Saddam Hussein through illegal means about 10.9 billion dollars during the period from the year 1990 when the United Nations imposed sanctions against it to the 2003, indicating that Saddam hide money in bank accounts in Switzerland, Japan, Germany and other countries and invested funds in precious stones.
The newspaper pointed out that Saddam Hussein was provided American investigators immediately after his arrest information on the places where concealed billions of dollars outside Iraq, pointed out that Prime Minister Iyad Allawi, former Iraqi was announced by the government was searching for 23 billion pounds sterling deposited in Switzerland, Japan, Germany and other countries names of bogus companies.
It went on to say that Barazan Al-Takriti, half brother of the former Iraqi president who was arrested in April 2003 is the main source for investigators and Iraqis and Americans who believe that some family members of Saddam have lost the keys to wealth.

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Cheers!
DayDream

Note the date of the article. This is what I stated in the gold and Agri thread a few days ago. Now we are seeing evidence to back a high reval with something other than oil. And this is just what are aware of so far.

Score another on for the RolClub detectives!!

Gloribee

Originally Posted by neno

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 .

Originally Posted by AlwaysDreaming

Could someone please clarify for me what this might mean?

Regarding the FIL:

The law opened all areas of investment before Iraqi and foreign investors except:
1. Investment in the field of extracting and producing oil and gas
2. Investment in the sectors of banks and insurance companies
3. Land cannot be owned except for housing projects. It can be owned by Iraqis as separate units; otherwise, it is given for a period of fifty years, which is renewable.

Also, regarding the 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

The Coalition Provisional Authority (CPA) was established as a transitional government following the invasion of Iraq by the United States, United Kingdom and the other members of the multinational coalition which was formed to oust the government of Saddam Hussein in 2003. Citing UN Security Council Resolution 1483 (2003), and the laws of war, the CPA vested itself with executive, legislative, and judicial authority over the Iraqi government from the period of the CPA's inception on April 21, 2003, until its dissolution on June 28, 2004.

Does this say that the order #13303 was dissolved on June 28,2004?

In My Opinion. The Banks know more than any of us. So if the banks are doing Buisness with the New Iraq Dinar. That is enough proof to me that ever thing is right. Where did you get this saying. Is their a link to this?.

Also this desolution is for the CPA's Inception, which was disolved on June 28,2004

Originally Posted by rvalreadydang

anyone happen to have a copy of the executive order saying it's perfectly legal? i want to post that on that twerp's site. I'm looking in my files, no luck yet.

Below is the Presidental Order.

JT2154

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 .

Originally Posted by investor

If this were true, then every bank in the world outside Iraq has been breaking the law by selling dinars.

Don't think the banks would have made a mistake such as this.

My thoughts exactly investor. Banking is a highly regulated industry especially in the U.S. with the Patriot Act. If it was illegal for Chase to sell dinars, believe me, they wouldn't be selling them.

Originally Posted by mountaingirl

Wonder if this is the reval date? 1/17/07

I dunno, i of course am hoping like crazy, but i think they may mean that's when their paper will be back up and running

to be searching in for Orders. US Department of State - Home Page

Originally Posted by rvalreadydang

when i search that order this is what i get though

The President has issued a new Executive Order amending Executive Order 13303 of May 22, 2003, to extend to the Central Bank of Iraq the same immunity from attachment and other judicial process granted to the Development Fund for Iraq (DFI) and to Iraqi petroleum and petroleum products. The new Order also amends E.O. 13303 to limit the immunity provided to the CBI, the DFI and Iraqi petroleum and petroleum products to exclude immunity from any final judgment arising out of a contractual obligation entered into by the Government of Iraq, including its agencies and instrumentalities, after June 30, 2004. Finally, the new Order amends E.O. 13303 to limit the immunity provided Iraqi petroleum and petroleum products by providing that such immunity applies only until title passes to the initial purchaser.

Oh ok, i see it now, the wording threw me off, but, i recall another order as well, went into more detail about the right of foreigners to hold dinar........still looking

Originally Posted by hightide3016

Mr Knowles, can you give us your opinion on this article? Are we going to have a problem with are investments if it is illegal to have dinars outside the country?

Nothing new here, this has always been in place. It applies to a direct export of dinars, and the only dinars that get out of country are first transferred to banks in Jordan and Kuwait, as example. As I had gotten most of mine through these sourses, none ever came directly from Iraq, even Kurdistan region was not allowed to release dinar to outsiders, it all had to go through banking system to other countries first, and then released to U.S. as example.

Happy New Year to all, Mike

Originally Posted by Offshore-Wealth.com

Nothing new here, this has always been in place. It applies to a direct export of dinars, and the only dinars that get out of country are first transferred to banks in Jordan and Kuwait, as example. As I had gotten most of mine through these sourses, none ever came directly from Iraq, even Kurdistan region was not allowed to release dinar to outsiders, it all had to go through banking system to other countries first, and then released to U.S. as example.

Happy New Year to all, Mike

If you have them, then you have them. They only left with the proper regulations in the first place, presumably. Isn't this the case?

Originally Posted by neno

If you have them, then you have them. They only left with the proper regulations in the first place, presumably. Isn't this the case?

Exactly,

Nothing to worry about, the regulation was put in place to prevent black market of dinars, as in direct movement outside of Iraqi borders, and to my knowledge, none of our dinar was black market, so nothing to worry about. The only dinar that moved in black market was to be used for illegal acts, as in terrorism, so this is why it was written in the way it was.

Happy New Year to All, Mike

Originally Posted by neno

In My Opinion. The Banks know more than any of us. So if the banks are doing Buisness with the New Iraq Dinar. That is enough proof to me that ever thing is right. Where did you get this saying. Is their a link to this?.

Also this desolution is for the CPA's Inception, which was disolved on June 28,2004

Thanks Neno, I agree with you 100%. With the statement "Under this order
(13303) and the Coalition Provisional Government Order 39, a US Citizen has the same rights to investments as an Iraqi citizen. And then when I saw the statement that the Coalition Provisional Government dissolved on June 28, 2004, I questioned whether this would also dissolve these orders. Sorry for any confusion. So what you are saying is that the CPA dissolved, but the orders are still in effect. Thank you for your clarification.