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

Originally Posted by bigopie

HEY TIFFANY...i'm worried about ur ""DANCIN BANANA""?????....lol...u dinar ladies crack me up....lol...i'm gonna have to show that banana how to do the "LOONIE COONIE" jig......lol...GO DINARS...Pat

Hey Pat, does it look like this?

Hey all my dinaraholic penpals...

This is a great thread. Most intensifying information on this RV. I never been part of anything like it.

Just in case most of you do not get around the forum; I have a small request from me.

After all of you get your new found wealth please look into the 10by5 program. Very worthy cause. And it would surely help me.

PM me if you have any questions about the program. There are many threads newly opened up about the program to take a look when you get the chance.

Thanks.

Kozmra

Originally Posted by neno

I am not quoting you on this Treater so dont quote me either. But I believe it was 4000:1 in October of 2003. I could be way off ,but I read if some where. I will try to find it.

Agreed, I was quoting the magazine word for word, I thought the exact same thing last night when I read it. Also, the part that investors hope it will stablize, by april of 2006 it was stable, so I don't know where they got their info, but I was suprised to see it in National Geograpic nevertheless. It seems funny because they make it sound like the average joe can not easily get his hands on some. By saying "investors" people would assume that you have to be someone special to get involved. They certainly didn't say, "heck, even you can buy a small fortune in IQD for under a thousand USD and cash in on it too!!!"

HEY CHOOCHIE....lol...as a matter of fact,it looks exactly like that.....lol...u musta seen me do the ""LOONIE COONIE"" jig somewhere b4 huh.......lol....probably at one of them late nite dance all nite open all nite type dance halls or bars......lol....LET IT PEG....LET IT PEG.....LT IT PEG......GO DINARS....Pat

Dancing bananas ?...... well lets all join in.....
coky

anybody know why Some post notifications end up in bulk?

have'nt waded through all this but was wondering if anyone else got the update from Ompus. they had a very favorable report (like it's in the bag man) ...but coming from them it might not count if u get me.
has there been any insights concerning the lopping scenario? way back in january i read something about a "transitional currency".

Has anyone been reading the posts and news blurbs on investorsiraq.com?
There is alot of talk about zero lopping in that forum, with posts from MSNBC about the iraqi gov. thinking of doing a zero lop. I sure hope this does not happen or our dreams will be pie in the sky.

Originally Posted by neno

OK...Bob...All the threads are open in the General Program Talk again.

Anyways I have been trying to find that link. I got it from pipshurricane. Hey ph where is that link you had i liked so much? It has the history of the dinar and the New Dinar and it value in exchanged before it was stopped. I am looking for it for treater. I am just lost right now with all the pages of articles.

That one i think :)) second part

http://translate.google.com/translat...&hl=en&ie=UTF8
A dialogue-Yasser acting Secretary sanctuary
Minister of Finance (morning)
Under the draft National Reconciliation
Detection and Finance Minister Mr. Jabr Al statement revealed a profile of the direct economic programme lasting government which would be reflected in the 2007 budget. He was the first modern press after Astizarh Ministry of Finance : The budget will be the first quality they will be under a government elected durable.

The features of the new plan include the expansion of the tax base does not increase and the re-evaluation of property and real estate state and the sale of many of them and the Ministry intends to support and assist the citizen to allocate land plots housing is outside the boundaries of municipalities, according to the controls established in coordination with the Ministry of Municipalities.
Asked about how to expand the tax base and increase the non-citizen said : We have a list of businesses not covered by taxes and seek coverage as an example mobile-phone companies which reap billions of dollars annually for a handful of dinars have no value.
Taxes on businesses
He questioned the minister why does not impose taxes on these companies in Iraq at the time amounting to revenues Lebanon from taxes on companies mobile-phone worth $ 3 billion dollars annually, as well as in the case of Egypt, where obtain a value of $ 6 billion annually from taxes mobile-phone global and reiterated questioning why not do the Iraq example of these States?
He added. We have a long list of the companies covered by this tax to obtain funds to support the budget that source only oil sales, pointing out that 97% of the budget of Iraq depends on oil and this does not exist in any world economy, even in countries Gulf oil, the sources of funding for their budgets to multiple manufacturing and Els Naat other taxes.
On a question about the need for Iraq to the new laws and regulations to implement this programme and plan.
Al said : I believe that all of our laws gives us the power to move a window to implement the ambitious plan that have been established for the year 2007.
Q : But reform mechanisms required by the agreement with the International Monetary Fund have negative effects on the social level?
This question, the Minister of Finance said that the International Monetary Fund seeks as far as possible should not be balancing consumers money oil but sought to be Iraqi funds consumed in the investment volume of operating funds so that the consumption of oil funds strained budget and placed a burden on the citizen according to the minister's opinion, but the opinion that the size of the investment funds push Iraq towards development and progress of this vein, the policy of the International Monetary refuses to be budget-consuming, not only have no work investment.
Real support for the network of social protection
He said : I am at a meeting with the IMF noted that the Fund is supporting the fund a network of social protection, which we believe is important to continue to support and, accordingly put in the principles of the policy in 2007 to support and increase real support network of social welfare which are citizens below the poverty line, pointing out that the Ala Lakh document with the International Monetary Fund have enabled us to write off debts.
Support citizen
Al talked about the reform of the banking sector stressing perceptions Advance endure this sector of reluctance and failure in the banking operations, pointing out meeting with managers of banks, urging them to the need to establish a policy of recent banking clear sophisticated able to support citizen who suffers is the other weakness of the efficiency potential of the material.
He said that the future will activate and develop the performance and activity of the banks in the various sectors of commercial, industrial and real estate for a comprehensive study on the development of the Land Bank and supporting the Rafidain Bank in order to enable citizens to carry out projects that require advances because his salary limited to fill needs.
In the question of (morning) When you, Mr. Minister acknowledged the limited salaries of the citizens to see what Al is improving living staff?
The minister stressed that talk about the standard of living is Concerns He can not magically increase the salaries of staff Yakha inflation and a clog budget because any increase in amounts of money caused considerable damage to the budget in 2007.
But that Sathrk prepared to support the volume of investment funds that would help create hundreds of thousands of jobs armies of the unemployed during 2007.
He said : We will support a strong implementation of investment plans Territories, which amounted to 2 billion dollars Snzidha next year and I have heard and holistic satisfaction that some of the governorates where more than 30 projects, I believe that we must create new jobs and I am not with the creation of job opportunities through employment in the State, but through the private sector. The wages of the private sector becomes better than the public sector.
* Hadithk understanding of the context, the trend is towards a free economy, this is the general framework of the government's economic?
- Yes, he is also
And the direction of another, he said : I can solve problems payroll I know that some staff had been in the injustice of the hierarchy because of the different ministries applications such peace. Having outlined articles (morning), with and I will do my utmost to consolidate peace salaries but we need time to be consolidated.
Theme retirees
Asked about the law and retirement worries retirees
Zubaidi said that the law on the retirement of the Transitional National Assembly has already indicated that the Ministry of Finance transition gaps. I think that this subject has been long overdue and we are waiting for the termination of adding the first day began with the Ministry of Finance met with the Directorate General of retirement and asked to expedite the completion of instruction and study in this regard.
The minister pointed out that the IMF has raised some problems about the retirement law Vbacherna re-examine this law in order to overcome some of the gaps that have occurred that caused the injustice of some staff who provide substantial services to Iraq and the Iraqis.
He warned that the continued application of this law would constitute a significant burden on the state budget, explaining that the volume of funds that acted annually under this law more than 2 billion dollars annually, and that would be borne by the state budget if we add them 3 billion dollars to import derivatives of oil and $ 4 billion card ration so as to arrive Almbl G. to over 10 billion dollars, these funds constitute a financial burden as I mentioned, and then there is a pressing need to examine these matters ... This is what we call the IMF and agreed to re-examine the law to ensure the right of retiree pension and to ensure the right of the State alike.

{The following is the section that shows in Arabic at the bottom of the page you’ll have to copy and paste this portion and translate it separately if you wish to double check}

Turning Minister to the foreign debt of Iraq and $ 125 billion, indicating the completion of the write-off 80% of Iraq's debts in respect of Paris Club debts after resolving the issue of Russia, where we negotiate with, and debt relief and to resolve the matter by reducing the amount of 13 billion dollars to 800 million dollars. He explained that the remainder of the debt and the Paris Club of Egypt, China, Turkey, Poland, has been asked Ambassador in Paris negotiation. And debts between the Gulf Minister that he was subject to the Saudi Minister of Finance, Mr. Ibrahim Al Assaf during a visit to the kingdom, and it was agreed to send a high-level experts to study the issue of debt. And the expectation that the Gulf states Al sister Akram will be from the Paris Club to extinguish Iraq's debts in full. Activate insurers He called Al Iraqi press to reactivate its role in creating awareness of insurance companies and the activation of the national insurance all their activities. But the companies have withdrawn from the market due to the lack of coverage of the potential of major incidents in Iraq and recorded a failure to perform? The minister said : we activate the role of life insurance companies, money, cars, fires, accidents, He gave an example of the Minister fires Alcheorgh as traders believers got their money rewarding compensation and have demonstrated their awareness of the importance of some traders insurance. Therefore, we do insurance companies and their role in support of the citizens and the national economy, insurance civilizational phenomenon. Financial support of the draft National Reconciliation Asked (morning) on the role of the Ministry of Finance of the State of the initiative of the Prime Minister Maliki initiative of national reconciliation? Jabr Al statement said the Finance Minister. I'm initiative launched by the chairman of the Council of Ministers brother Maliki my personal belief of the bloodshed of Iraq and wish to re-Iraq united people and their land, and as Minister of Finance will spare no effort to support this initiative, both in the area of compensation approved by initiative victims or any paragraph came Balmb bulletin. 3 zeroes lifting of the Iraqi dinar In the morning, a question that the write-off of debts of Iraq will contribute to enhancing the value of the Iraqi dinar? Mr. Zubaidi said the statement. The value of the Iraqi dinar for monetary policy, such a policy is the responsibility of the Iraqi Central Bank, the Ministry of Finance is responsible for fiscal policy. He added, but suggested that Mr. Governor of the Central Bank Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the lifting of three zeroes. Voadeni Mr. Governor well to hold an expanded meeting next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and Commercial Bank, namely, the proposals to get the value of the Iraqi dinar equivalent of [to] the American dollar, this goal we will strive to achieve, God willing, during the four years Llahkom e due to the new Iraqi dinar healthy stand of the other currencies. Lastly Zubaidi corresponding reference to the International Monetary Fund to support the resolution Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover $ 11 billion dollars to support the value of the Iraqi dinar and the cover is rarely found in the third world. Thereby taking morning two hours from the time the minister and exited the impression that the new plan will live up the economy of Iraq to the level of developed nations if we wrote them success and support by the government and parliament although gaps Retirement Law remained vague and needed to be clarified more and this will deal with in another meeting with Mr. Alos Ware

My take: One, the Iraqi government is saying that Private investment is going to lead the way in creating jobs in Iraq thereby solving [hopefully] the unemployment issue. They have a budget for 2007 that is relying on foreign investment funds therefore foreign investment must happen prior to 2007 in order for Iraq to reap the benefit. So the FI Law must be in the pipeline now [we have seen reports to this effect already]

Also the most important part for our concern says RAISE THE VALUE of the dinar and return to NORMAL meaning they are acknowledging that the current value of the Dinar is artificially low. The lopping theory doesn’t accomplish this. Only lifting three zeros off the exchange rate fits the bill.

According to the article they are meeting next month [July 2006] to discuss the proposal and to get the Dinar to the value equivalent to the USD. It further says that the IMF supports the idea and that the Iraqi dinar has shown remarkable stability for four years [2003-06] and that this stability is rare in the third world.

Conclusion: Revalue on the fast track prior to foreign investment law. This is the year and maybe this coming month. Looks like .68 minimum up to equal value. I almost expect it.

Originally Posted by aceman

Has anyone been reading the posts and news blurbs on investorsiraq.com?
There is alot of talk about zero lopping in that forum, with posts from MSNBC about the iraqi gov. thinking of doing a zero lop. I sure hope this does not happen or our dreams will be pie in the sky.

Surely you have not read the Last 10 or 20 Pages here. I for one dont really want to here it again. But if we have to ......I guess we will. But maybe try reading back about 15 to 25 pages and if you still are not sure. I am sure we will do it again. hehe

Originally Posted by pipshurricane

That one i think :)) second part

http://translate.google.com/translat...&hl=en&ie=UTF8
A dialogue-Yasser acting Secretary sanctuary
Minister of Finance (morning)
Under the draft National Reconciliation
Detection and Finance Minister Mr. Jabr Al statement revealed a profile of the direct economic programme lasting government which would be reflected in the 2007 budget. He was the first modern press after Astizarh Ministry of Finance : The budget will be the first quality they will be under a government elected durable.

The features of the new plan include the expansion of the tax base does not increase and the re-evaluation of property and real estate state and the sale of many of them and the Ministry intends to support and assist the citizen to allocate land plots housing is outside the boundaries of municipalities, according to the controls established in coordination with the Ministry of Municipalities.
Asked about how to expand the tax base and increase the non-citizen said : We have a list of businesses not covered by taxes and seek coverage as an example mobile-phone companies which reap billions of dollars annually for a handful of dinars have no value.
Taxes on businesses
He questioned the minister why does not impose taxes on these companies in Iraq at the time amounting to revenues Lebanon from taxes on companies mobile-phone worth $ 3 billion dollars annually, as well as in the case of Egypt, where obtain a value of $ 6 billion annually from taxes mobile-phone global and reiterated questioning why not do the Iraq example of these States?
He added. We have a long list of the companies covered by this tax to obtain funds to support the budget that source only oil sales, pointing out that 97% of the budget of Iraq depends on oil and this does not exist in any world economy, even in countries Gulf oil, the sources of funding for their budgets to multiple manufacturing and Els Naat other taxes.
On a question about the need for Iraq to the new laws and regulations to implement this programme and plan.
Al said : I believe that all of our laws gives us the power to move a window to implement the ambitious plan that have been established for the year 2007.
Q : But reform mechanisms required by the agreement with the International Monetary Fund have negative effects on the social level?
This question, the Minister of Finance said that the International Monetary Fund seeks as far as possible should not be balancing consumers money oil but sought to be Iraqi funds consumed in the investment volume of operating funds so that the consumption of oil funds strained budget and placed a burden on the citizen according to the minister's opinion, but the opinion that the size of the investment funds push Iraq towards development and progress of this vein, the policy of the International Monetary refuses to be budget-consuming, not only have no work investment.
Real support for the network of social protection
He said : I am at a meeting with the IMF noted that the Fund is supporting the fund a network of social protection, which we believe is important to continue to support and, accordingly put in the principles of the policy in 2007 to support and increase real support network of social welfare which are citizens below the poverty line, pointing out that the Ala Lakh document with the International Monetary Fund have enabled us to write off debts.
Support citizen
Al talked about the reform of the banking sector stressing perceptions Advance endure this sector of reluctance and failure in the banking operations, pointing out meeting with managers of banks, urging them to the need to establish a policy of recent banking clear sophisticated able to support citizen who suffers is the other weakness of the efficiency potential of the material.
He said that the future will activate and develop the performance and activity of the banks in the various sectors of commercial, industrial and real estate for a comprehensive study on the development of the Land Bank and supporting the Rafidain Bank in order to enable citizens to carry out projects that require advances because his salary limited to fill needs.
In the question of (morning) When you, Mr. Minister acknowledged the limited salaries of the citizens to see what Al is improving living staff?
The minister stressed that talk about the standard of living is Concerns He can not magically increase the salaries of staff Yakha inflation and a clog budget because any increase in amounts of money caused considerable damage to the budget in 2007.
But that Sathrk prepared to support the volume of investment funds that would help create hundreds of thousands of jobs armies of the unemployed during 2007.
He said : We will support a strong implementation of investment plans Territories, which amounted to 2 billion dollars Snzidha next year and I have heard and holistic satisfaction that some of the governorates where more than 30 projects, I believe that we must create new jobs and I am not with the creation of job opportunities through employment in the State, but through the private sector. The wages of the private sector becomes better than the public sector.
* Hadithk understanding of the context, the trend is towards a free economy, this is the general framework of the government's economic?
- Yes, he is also
And the direction of another, he said : I can solve problems payroll I know that some staff had been in the injustice of the hierarchy because of the different ministries applications such peace. Having outlined articles (morning), with and I will do my utmost to consolidate peace salaries but we need time to be consolidated.
Theme retirees
Asked about the law and retirement worries retirees
Zubaidi said that the law on the retirement of the Transitional National Assembly has already indicated that the Ministry of Finance transition gaps. I think that this subject has been long overdue and we are waiting for the termination of adding the first day began with the Ministry of Finance met with the Directorate General of retirement and asked to expedite the completion of instruction and study in this regard.
The minister pointed out that the IMF has raised some problems about the retirement law Vbacherna re-examine this law in order to overcome some of the gaps that have occurred that caused the injustice of some staff who provide substantial services to Iraq and the Iraqis.
He warned that the continued application of this law would constitute a significant burden on the state budget, explaining that the volume of funds that acted annually under this law more than 2 billion dollars annually, and that would be borne by the state budget if we add them 3 billion dollars to import derivatives of oil and $ 4 billion card ration so as to arrive Almbl G. to over 10 billion dollars, these funds constitute a financial burden as I mentioned, and then there is a pressing need to examine these matters ... This is what we call the IMF and agreed to re-examine the law to ensure the right of retiree pension and to ensure the right of the State alike.

{The following is the section that shows in Arabic at the bottom of the page you’ll have to copy and paste this portion and translate it separately if you wish to double check}

Turning Minister to the foreign debt of Iraq and $ 125 billion, indicating the completion of the write-off 80% of Iraq's debts in respect of Paris Club debts after resolving the issue of Russia, where we negotiate with, and debt relief and to resolve the matter by reducing the amount of 13 billion dollars to 800 million dollars. He explained that the remainder of the debt and the Paris Club of Egypt, China, Turkey, Poland, has been asked Ambassador in Paris negotiation. And debts between the Gulf Minister that he was subject to the Saudi Minister of Finance, Mr. Ibrahim Al Assaf during a visit to the kingdom, and it was agreed to send a high-level experts to study the issue of debt. And the expectation that the Gulf states Al sister Akram will be from the Paris Club to extinguish Iraq's debts in full. Activate insurers He called Al Iraqi press to reactivate its role in creating awareness of insurance companies and the activation of the national insurance all their activities. But the companies have withdrawn from the market due to the lack of coverage of the potential of major incidents in Iraq and recorded a failure to perform? The minister said : we activate the role of life insurance companies, money, cars, fires, accidents, He gave an example of the Minister fires Alcheorgh as traders believers got their money rewarding compensation and have demonstrated their awareness of the importance of some traders insurance. Therefore, we do insurance companies and their role in support of the citizens and the national economy, insurance civilizational phenomenon. Financial support of the draft National Reconciliation Asked (morning) on the role of the Ministry of Finance of the State of the initiative of the Prime Minister Maliki initiative of national reconciliation? Jabr Al statement said the Finance Minister. I'm initiative launched by the chairman of the Council of Ministers brother Maliki my personal belief of the bloodshed of Iraq and wish to re-Iraq united people and their land, and as Minister of Finance will spare no effort to support this initiative, both in the area of compensation approved by initiative victims or any paragraph came Balmb bulletin. 3 zeroes lifting of the Iraqi dinar In the morning, a question that the write-off of debts of Iraq will contribute to enhancing the value of the Iraqi dinar? Mr. Zubaidi said the statement. The value of the Iraqi dinar for monetary policy, such a policy is the responsibility of the Iraqi Central Bank, the Ministry of Finance is responsible for fiscal policy. He added, but suggested that Mr. Governor of the Central Bank Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the lifting of three zeroes. Voadeni Mr. Governor well to hold an expanded meeting next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and Commercial Bank, namely, the proposals to get the value of the Iraqi dinar equivalent of [to] the American dollar, this goal we will strive to achieve, God willing, during the four years Llahkom e due to the new Iraqi dinar healthy stand of the other currencies. Lastly Zubaidi corresponding reference to the International Monetary Fund to support the resolution Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover $ 11 billion dollars to support the value of the Iraqi dinar and the cover is rarely found in the third world. Thereby taking morning two hours from the time the minister and exited the impression that the new plan will live up the economy of Iraq to the level of developed nations if we wrote them success and support by the government and parliament although gaps Retirement Law remained vague and needed to be clarified more and this will deal with in another meeting with Mr. Alos Ware

My take: One, the Iraqi government is saying that Private investment is going to lead the way in creating jobs in Iraq thereby solving [hopefully] the unemployment issue. They have a budget for 2007 that is relying on foreign investment funds therefore foreign investment must happen prior to 2007 in order for Iraq to reap the benefit. So the FI Law must be in the pipeline now [we have seen reports to this effect already]

Also the most important part for our concern says RAISE THE VALUE of the dinar and return to NORMAL meaning they are acknowledging that the current value of the Dinar is artificially low. The lopping theory doesn’t accomplish this. Only lifting three zeros off the exchange rate fits the bill.

According to the article they are meeting next month [July 2006] to discuss the proposal and to get the Dinar to the value equivalent to the USD. It further says that the IMF supports the idea and that the Iraqi dinar has shown remarkable stability for four years [2003-06] and that this stability is rare in the third world.

Conclusion: Revalue on the fast track prior to foreign investment law. This is the year and maybe this coming month. Looks like .68 minimum up to equal value. I almost expect it.

No ph, this is the post that says it all 1-2-3. hehe I want that link for treater on the history and info about the dinar. It was some news link like KIWIKI somethng like that. If you find it before me direct it to treater please.