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

I don't think we need to be too concerned about the economy as a prerequisit for a reval of the dinar. I think the relationship actually goes the other direction. They will get the reval done as quickly as they can as one step in improving the economy.

Originally Posted by Raditz

... I have been trying to find a date when the Iraqi Finance Minister is suppose to meet with the world bank, and CBI Officers this month...this should give us a indication or time line of the RV if it is approved...I do not believe the RV will occur before the meeting...so we are probably 2-3 weeks away from the meeting...

I agree that the timing of this meeting is critical. There had been some posts that seemed to indicate it was happening Sunday July 2nd but there did not seem to be any real evidence to back that up. Solid information on the scheduling of this meeting would be very interesting indeed.

Well, on another forum they said there was a meeting on July 6th. Might be speculation but I think the date was mentioned in an Arabic newspaper.

Maliki visit to Saudi Arabia and economic dimensions
17:45:00 GMT on Sunday 2 July 2006
Elaf



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Met with businessmen, industry and the Saudi Minister of Economy
Maliki visit to Saudi Arabia and economic dimensions

Nuri Maliki : " Border with Saudi Arabia will open shortly, the Iraqi investment law will be announced next month, It will give significant advantages stemming from the nature of the need Iraqi " .


Said Al-Jaber from Jeddah

Intended visit of the Prime Minister of Iraq Nuri Kamel Maliki kingdom to the economic dimensions, where accompanied by his first visit to meet with the Saudi leadership and leaders in the Gulf and a delegation of senior businessmen and Iraqi diplomats to raise the prospects of investment available in Iraqi territory they need to rebuild after dropping the previous Iraqi government. As disclosed Maliki Iraqi prime minister that his government would work in the shortest possible time to qualify and secure Ar'ar border point with Saudi Arabia, Lanciabih business process and facilitate the movement of goods between Saudi Arabia and Iraq. It enables the importance of open access to the nearest point of the Arar border to Baghdad. The Iraqi government is seeking to restore stability in their territories and the restoration of prosperity which enjoys far from the scenes of death and destruction.
The Prime Minister met with the Iraqi Maliki and the delegation accompanying him today Saudi businessmen and industrialists and investment led by the President of the Chamber of Commerce in Jeddah Industrial Acting Ziad Al-Bassam, He also met with the Minister of the Iraqi economy to its counterpart in Saudi Arabia. Maliki addressed during the meeting to the situation in Iraq, and the prospects for investment which can be exploited by men workers invest Iraqi territory seeking re-construction, Maliki also reviewed the fraternal relations between the historical and geographical Iraq and Saudi Arabia and stressed that both sides partners in the industry today and the future.
Saudi Minister of Economy with his Iraqi counterpart,

He highlighted the prospects for investment in the sectors of oil, gas, industry, agriculture, construction and services in the foreign investment law is new in Iraq, which include direct investor rights fully and procedures cash emphasizing the diversity of the environment Iraqi natural, human and professional, scientific and their high contribution in the development of all aspects of the daily life of contemporary allowing multiple investment opportunities and successful.

As Chairman of the Chamber of Commerce Industrial vicarious desire Saudi businessmen to deal directly with their Iraqi counterparts, which contributes to reducing the overall cost of goods, which will impact the price of modest ultimately on the consumer and contribute effectively and significantly to the spread of many extracts a Lsunaih Saudi Arabia and productivity in the Iraqi market economic free wide.

To the Prime Minister of Iraq Nuri Maliki role of the Kingdom of Saudi Arabia under the leadership of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz Al Saud in order to return to Iraq and the Iraqi people to security, stability, the role of the various levels of Arab, regional and international levels.

He said : "The back of the Kingdom of the Two Holy unsatisfactory and his crown and the officials had been successful and fruitful, where he stressed the Kingdom's keenness on the unity and territorial integrity of Iraq and its citizens."

He added "we will give a great opportunity in order to grow investment in Iraq and that consists have banks and chambers of trade Islamist and have the support of this orientation" He pointed out that the Economic Committee had completed its meetings to activate the law on this matter was submitted to the Council of Ministers have been debated first in the Council of Ministers and postponed practical e approval to Thursday in order to finalize and then lifted the advice of the State until the completion of the investment code. According to the Prime Minister that the Iraqi investment law will be declared within one month from now.
Saudi Minister of Petroleum with his Iraqi counterpart,

He explained that the law of investment Iraqi gives immunity of foreign capital also gives capital domestically and the right of foreign capital could come up with money to get out of the proceeds of a legitimate full or in part, must act to land in a manner which gives it also gives Iraqi citizens in the territories that will be established for projects with a mechanisms shall be exempt from taxation.

The Maliki stressed that the investment law in the new Iraq will give significant advantages stemming from the nature of the need of Iraq and secondly, the nature of investment projects in the Arab region and urged some foreign countries, he said : "The most important of all is to ensure that capital and the right of investors to come out and act Bawaedath money from Iraq currency as it deems appropriate."

He pointed out that he had asked the House to continue to work for the project.

You guys are getting just to good with these articles. Great find cigarman. Our next adventure will be much easier with this club. I really think this paraghraph spelled it out.

Originally Posted by cigarman

(part of the post)He added "we will give a great opportunity in order to grow investment in Iraq and that consists have banks and chambers of trade Islamist and have the support of this orientation" He pointed out that the Economic Committee had completed its meetings to activate the law on this matter was submitted to the Council of Ministers have been debated first in the Council of Ministers and postponed practical e approval to Thursday in order to finalize and then lifted the advice of the State until the completion of the investment code. According to the Prime Minister that the Iraqi investment law will be declared within one month from now.
Saudi Minister of Petroleum with his Iraqi counterpart,

Originally Posted by keegle

The Dinar changed in 2003 because Saddam's Government was shut
down. There is talk about 3 zeros being taken off of the Dinar
banknote. I don't see the Government of Iraq doing this.

Why? The answer is simple. Iraq's oil and natural gas supply is
brining steam back into Iraq's economy. There is no need to loose
trust with so many international investors.

What about the rumors you ask? Critics make money selling articles
based on chaos. I say filter the whole thing through a brain cell,
I did.

Your 25,000 Dinar note will be worth 25,000 Dinar in 10 years
multiplied by the exchange rate.

Regards,
Darren Chabluk
http://DrDinar.com/report


what is this dude saying ?
sent to me in email.

He is trying to sell ebook on how to open an Iraqi bank account to invest in ISX stocks.

Good luck to all, Mike

Al-Maliki Calls On Saudis to Invest in Iraq
Samir Al-Saadi, Arab News JEDDAH, 3 July 2006 — Iraqi Prime Minster Nuri Al-Maliki yesterday called on Saudi businessmen to invest in Iraq during a visit to the Jeddah Chamber of Commerce and Industry (JCCI).
Accompanied by a delegation of businessmen and government officials, the Iraqi prime minister met Saudi businessmen headed by acting JCCI Chairman Ziad Al-Bassam. “The security problems are not in all of Iraq, but rather they are confined to Baghdad,� Maliki reassured businessmen, inviting Saudi firms to seek contracts in infrastructure projects.
Al-Bassam said the Saudi businessmen wanted to deal directly with their Iraqi partners, which would reduce the cost of products and would benefit the consumer.
He added that this would also ensure the spread of Saudi products in the massive Iraqi free market.
The prime minister emphasized the historical and geographical bonds between the two countries. The two sides, he said, were partners in building the present and future. He pointed out that there were major investment opportunities in the fields of oil, gas, industry, agriculture, construction and services.
“We are preparing a new law on investment that will be applied soon,� said Maliki. He said the new law would protect investors’ rights and their financial transactions completely. This was in sharp contrast to the policies of previous Baath party rule, he added.
The prime minister said that the diversity in Iraq’s natural environment, people, professions and high level of education provided a wide variety of opportunities for successful investment.
Maliki said Iraq and Saudi Arabia were looking into reopening the Arar border crossing. He called for businessmen to support the reopening of the crossing which he said would help in boosting trade between the two countries.
Maliki, who performed Umrah earlier yesterday, 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 UAE.

let it Peg , reval, or whatever I got my SI money on three accounts and will buy more Diar tonight $850 for 1 million Dinar. Good Price huh? IF anyone here want to buy at that price shipped same day via fedex just Pm or email me for the personal friends info. BOB1940

This ought to help the reval
Arab, Foreign Banks Return Iraqi Frozen Assets

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"The central bank of Iraq unveiled that a number of Arab and foreign states released Iraqi assets frozen at their own banks, worth more than $ 10 billions.
An official source at the bank announced that several legal procedures have been adopted to regain these funds through the official bank channels in according with UNSC Resolution 1483 stipulates regaining all Iraqi assets existed abroad to the Iraqi development fund."

http://www.alsabaah.com/20040721/english.htm

It will take Iraq 100 years to get there act together.