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

Neno, Thanx for your 2 Dinar input, I will do that, in fact I was considering buying another 250k to use for my get out of debt fund and wait out the ride for the rest.

John

The Iraqi Association of Securities Dealers (IASD) met with the Iraqi Securities Commission (ISC) to speak to Chairman Al Saadi and Commissioner Bakir July 9.

According to the IASD, the visit was part of an effort to network on issues related to the Iraqi capital market. While various topics were discussed, the issue of priority was the nomination of the Iraqi Stock Exchange (ISX) Board of Governors.

"IASD has advocated all along for upholding the values and moral rectitude of the brokerage profession, and urged its members to rally for improving the investment environment in ," a July 11 IASD statement explained.

"Curbing the continuous deterioration in market prices was certainly one of those concerns. A solution to this engrossed problem was cutting down on the commission collected by the brokers, as enforcement by the ISX has proven to be an ineffective tool for improving the market situation."

"Inside information should not be leaked out to certain individuals, but made public. And there should be appropriate precautions to verify such information," Wassim said. "Such information in the past has disrupted prices and conned people in to worthless investments."

Within a few hours, members of the meeting dealt with pressing issues for the Commission in the drafting of the new permanent securities law. Founded in 2004, the Baghdad-based IASD represents the 51 brokerage firms that are licensed to trade on the ISX.

http://www.portaliraq.com/news/Iraqi...__1112094.html

Iraq's Ministry of Finance formed a committee including the general managers of al-Rafidein, al-Rasheed and the Real Estate Bank to develop new procedures and policies in granting real estate loans to housing projects.

A source from the ministry confirmed the committee had developed a new strategy to activate the role of the Real Estate Bank - "an important role in development strategy," especially concerning "the bridge to cross the economical stability, within the efforts of the ministry to raise the social and civilized level of all the Iraqi people."


http://www.portaliraq.com/news/Iraqi...__1112097.html

Originally Posted by jsfletcher

Neno, Thanx for your 2 Dinar input, I will do that, in fact I was considering buying another 250k to use for my get out of debt fund and wait out the ride for the rest.

John

No Problem, which is what I am doing. I feel that 80% will just cash in and be done with it. And that is fine to. But like you I have more than 1 million and dont need all that cash right now. It is each and every individuals choice. This is mine and my freinds close to home. Just sharing from the knowledge of this forum.

If and when it reaches around 2:1(how long ????) then it will be hard for me to not cash it all in. I am just spliting it up third now (get out of debt) third little later (Pure Profits) then will just have to decide then what I want to do (double the money left). Again Just my 2 dinar way.

Is anyone else a trifle unnerved by Israel and Hezbollah pounding the c+++ out of each other? I would like to hear what any middle-east hands think will happen in the short run.

Posted by: nadioshka on Wednesday, July 12, 2006 - 12:28 PM
Trade-Zone
Iraq probes joining the U.S.-Middle East free trade zone
Baghdad, July 12, (VOI) – Iraq formed a committee to study the feasibility of joining the U.S.-Middle East free trade zone, the Iraqi ministry of trade said on Wednesday.
“The free trade zone started by bilateral agreements (between the United States) with Jordan, Bahrain and the United Arab Emirates, and Iraq could be the next country to sign this agreement,” the ministry said in a statement received by the independent news agency Voices of Iraq (VOI).
“The goal of entering the regional free trade zone is to achieve many economic benefits for Iraq, the most important of which is facilitating access for Iraqi products into the U.S. and European markets, making use of U.S. products and establishing firm industrial bases,” the statement said.
The regional zone would also help the Iraqi exporters and boost foreign investments in Iraq, it added.

http://www.aswataliraq.info/modules....rder=0&thold=0

Originally Posted by investor

Don't use them. They take your money and don't send dinars.
Forget e-mailing, faxing or telephoning them either, they won't reply.
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This is my 1st post as I just joined this forum today (I'm a loser in SI ) ... I received multiple orders of Dinar from www.freedinar.com.... (the site myfreedinar.com ) was an affiliate site or order site and is no longer available. Everything is done through freedinar.com. Late last fall I ordered multiple orders of Dinar and know of MANY others who did likewise.... we ALL received our Dinar in a timely basis. I haven't ordered for months but know of others who have. Funny thing, I just happened to call them today, got right through, talked to a live person who was VERY nice and helpful.... I personally have FULL confidence in this company. They hold weekly conference calls with their contact person in Iraq.... If I had the money to spend, I would purchase some more Dinar....

Hey Guys,

I need a Australiain Dealer for a freind of mine there. Any reccomendation for quick service. If not I will have to do it for him here in the states thru safedinar for next day. I know it is tolate today for this. This I need help to be ready Monday Morning. Ok Dinar Gang ...member in need here. You can PM me if wanted.

Hello all.

I have seen from some other boards many people are opening accounts at Iraqi banks. Obviously they can't send you the Dinar, but you get the true exchange rate. Does anyone have any thoughts on this, is it even something one should consider? Opening an account there also opens the door for the ISX, has anyone looked into, or currently have an account over there for future ISX trading.

Thank you
John

Hi John,

As with all offshore trading and transactions, it is risky to have a bank account in the same country that you are doing business in. Most offshore consultants will tell you to setup in one country and bank in another.

You also need to consider how easy it will be to get the funds out of Iraq. You can get money into countries easy enough but getting it out again is not as easy, India is a prime example, also Mexico where you can buy dollars at discounted rates of as much as 30% but the legal restrictions stop you from getting them out of the country.

Barry