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

Originally Posted by whatever

Yeah Mike,

If there were an Olympic Gold Medal for waiting, I think we'd all have one on our mantels!!

Funny,

I just put up a mantel over my fireplace just for the purpose to display my medals for the worlds waiting winners award. LOL I would need a mantel a mile long for the waiting losers awards, and PIPS would be right in front. (g) At least we have hard currency in our hands this time, not virtual money. LOL

Happy 4th, Mike

JEDDAH, Saudi Arabia, July 2 (Reuters) - Iraqi Prime Minister Nuri al-Maliki on Sunday called on Saudi businessmen to invest in Iraq, after talks with Saudi leaders on improving border security to help squash an insurgency.

Maliki's Shi'ite Muslim government is seeking support for a national reconciliation plan which aims at ending the three-year-old Sunni Muslim insurgency and communal bloodshed between Shi'ites and minority Sunnis.

"The security problems are not in all of Iraq, they are confined to Baghdad," Maliki reassured businessmen, inviting Saudi firms to seek contracts in infrastructure projects.

He said Iraq and Saudi Arabia were looking into reopening the Arar border crossing to allow commercial links to develop. The economy of Saudi Arabia, the world's top oil exporter, is booming because of high world crude oil prices.

"We are trying to cancel the socialist vision of things in Iraq... We are preparing a new law on investment that will be applied soon," he said, describing liberal economic policies contrary to the state control of previous Baath party rule.

Saudi businessmen have had to find circuitous trade routes to Baghdad ever since the border was closed following Iraq's 1990 invasion of Kuwait.

Maliki, who made a pilgrimage to Mecca earlier on Sunday, is on his first foreign trip since being sworn in as prime minister on May 20. His delegation, which includes several government ministers, will also visit Kuwait and the United Arab Emirates.

Saudi state television said on Saturday Maliki had discussed efforts to improve the security situation in Iraq with Saudi leaders. A member of the Iraqi delegation said the talks included improving border security to stop Saudis entering Iraq.

Saudi Arabia is the home of the puritanical Wahhabi school of Sunni Islam which inspires many of the foreign and Iraqi militants fighting under the aegis of al Qaeda to overthrow Maliki's government and expel the U.S. forces backing it.

Many Saudis are thought to be among hundreds of Arabs who have gone to Iraq to fight U.S.-led forces since Washington invaded the Arab state in 2003 and brought to power Shi'ite Muslims, who are seen as heretics by Wahhabis.

Saudi officials have warned of militants returning to join a parallel effort by Saudi al Qaeda sympathisers to topple the Saudi royals, also despised for their close alliance with the United States.

http://www.alertnet.org/thenews/newsdesk/L02459096.htm

Originally Posted by Adster

Hi guys, got little time, so quick post. Really good news this, have a read. Read the title, it's a killer!

Be back later in the week.

Adster.


http://translate.google.com/translat...language_tools

Banking and business circles show great interest in the proposal dinar equal dollar
Source : Newspaper Conference - 29 / 06 / 2006
Finance Minister announced a statement of Iraqi boat, "that the ministry and the Central Bank of studying a proposal to raise the value of the Iraqi dinar. and the return to normal ".

The statement dominated the concerns of the minister and commercial banking community, as well as citizens, Fearing exposure to the Iraqi market due to the pressure of the implications of such a procedure could lead to some sort of instability in the terms of trade, In calculating the value of the dinar exchange rate of foreign currencies, especially the dollar. The managing director of the Credit Bank of Iraq Fuad Al-Hosani statement by the Minister of Finance b "very important". However dinar equal dollar, "he said, pointing out that it is pleasant Lnvos Iraqis, who aspire to the restoration of Iraqi currency. as it was before the 1990s of the last century and wondered if the national economy in its current state is able to move to the stage of the equality dinar dollar "? However, well-focused much of the statement of the minister on the boat to support the World Bank proposal, He said : "The study of the current state of affairs makes it have to satisfy to give a final opinion in this matter.

He said the managing director of the International Investment Bank Assyria Zuhair Al-Hafiz. "The proposal of the Minister Al needs to pause and carefully consider the repercussions of the security conditions on the Iraqi economy, which makes it unable to absorb any defects that might affect the business dealings in the absence of the proposed study carefully.

He wondered Alternate Director Basra International Bank for Investment Badi intellectual : "Is that a reduction of Iraq's international debt and increased liquidity resulting from higher oil prices, enough to take such a decision "? He added, "is important in this connection to take into account the study as a result of the decision dinar equal dollar repercussions on the local commercial transactions, and how to avoid any disruption to the transfers of traders and banks.

Fantastik,thanks Adam :))))

Had to share the good news, gotta dash, got a date with a cold beer or 4. :0))))

Thanks Adam,

Show they are still hasing out the details, which aligns more with what I have been hearing as well.

Hope you are enjoying your vacation, in spite of loss in world cup. ouch! Well, at least you like Portugal, right? Not nice to try and kick three balls at once though, that was turning point in my opinion.

Good luck to all, Mike

wonderful news guys tell those iraqis to hold off for 2 more days. I want to buy more DIAR but need SI Payout Money to do so.

Mike, are you hearing that the reval will done some time this month?

Originally Posted by Adster

Had to share the good news, gotta dash, got a date with a cold beer or 4. :0))))

Adam,

Seems like very good news, but the translation, grammer and syntax kind of made my eyes go wiggly. If you could condense that post into a few pithy sentences, what would they be?

Kristin, the article pretty muchs says that it will reval to the USD, but they want to make sure they can withstand it economically and how to reprice goods in Iraq without causing trouble. That's my take anyway.

The translation's placement of the the main subject of each sentence is a bit distracting for Western readers...LOL...Also, the "boat" that keeps getting mentioned is, I believe, more a statement of "being onboard" as it pertains to the subject matter. Based on my limited 'cipherin' abilities, it sure looks like good things are coming soon....

EW