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

Originally Posted by choochie

Thanks for the info Adster. I have gotten most of mine from Bruce, but I knew I couldn't read Arabic, so I never looked that close. I do know some others that study theirs alot, I just trusted Bruce because of your referral and assumed all was well. The only thing I have done is count them when I received them to make sure they were all there.

choochie,

I trust Bruce for sure. I remember in the early days when I had a look at the notes initially some looked very similar numberswise but when you look at it closely there's a slight 'kink' in either the 2 or 3 to make it different. Easy to miss, but they're all genuine.

Here you go guys.

Originally Posted by Adster

choochie,

I trust Bruce for sure. I remember in the early days when I had a look at the notes initially some looked very similar numberswise but when you look at it closely there's a slight 'kink' in either the 2 or 3 to make it different. Easy to miss, but they're all genuine.

I'm sure they are all genuine. Like I said, I have had no problems here. I hope there aren't too many people giving Bruce a hard time. He is a good person, and has always handled my orders with no problems.

I'm loving this article! I know it's already been posted but it's huge! Sounds like they want FI Laws to be sorted asap. They have to r/v NOW or the country will be bought up for next to nothing. Someone like Bill Gates could buy Iraq easily currently. Kinda puts it into perspective.


This is a good read for us. I don't think it has been posted yet. Gives insight into why Iraq has delayed. Says they had fears a free market economy would result in Iraq being bought up by foreigners. It goes along with our thinking of why a high RV. Ladylurk
Here are some highlights:
"Officials recognized that the lack of security in the country was a serious barrier to foreign investment, and other than Iraq's massive oil reserves, there is little to attract foreign investors.

One US diplomat predicted that "oil will be lubricant" to future investment.

The secretary's visit follows up on that of US
President George W. Bush and his promise to send trade officials to Iraq to help with the process of opening up the economy.

It also comes as the administration's 22-billion-dollar reconstruction program runs out at the end of February.

Iraq's Minister of Commerce Abdel Falah al-Sudani told reporters that the investment law would be sent to parliament by the end of the week.

"The legal framework for investment in Iraq has been developed but not completely implemented," he said, predicting it would go into effect by the end of the summer.
Announcements by US officials in the Coalition Provisional Authority soon after the fall of the old regime in April 2003 that radical privatizations would be the rule of the day in the new Iraq provoked an uproar in the country and fears that the state's patrimony would be sold off to foreign investors.

Suspicion over foreign control of the economy and Iraq's oil and mineral wealth to this day has made the country reluctant to open up the economy to foreign ownership.

"Iraq is very socialist," said Hariri. "We need to educate ourselves," adding that the first order of business was to get parliament to pass the necessary legislation.

http://news.yahoo.com/s/afp/20060717...e_060717161219

Originally Posted by rodney ewalt

To start with, I recognize that there are a number of new ones here at RolClub and I, as well as I'm sure all of you, welcome them all. However, it seems that there are some who are a bit frustrated with having to catch the new members up to speed regarding what may have already been discussed at length. Personally, I don't mind when issues or questions arise that have already been covered because, I see it as a new opportunity to refresh my mind with the answers and especially when those answers soundly refute negative comments or questions.

Concerns have been posted this weekend that our anticipated revalue may not happen as soon as we hope and there has been some criticism toward those that have suggested possible dates as early as before the end of July.
My view is this, I appreciate it when anyone post what they may hear from a particular source they have and if they have heard a specific date, it's good to have that information passed along to all of us here. I think it's each persons individual responsibility to evaluate what they read here and decide for themselves how credible they think the informtion is based on its source and common sence and good logic.

The idea that there could be a possible reprint of the new currency or that there could be a lopping of zeros off the new currency and all the controversies that arise from these ideas keeps rearing its ugly head and I for one don't mind but, unless I've missed something, so far no body has shown how anything other than a straight revalue of the Iraqi dinar could possibly bode well for anyone concerned. The Iraq government has much at stake here as well as the US government, not to mention the entire region of the middle east and really, the whole world. So, in my mind, with so much at stake for everyone, what ever finally happens, it must be good for Iraq, the Iraqi people and the United States to say the least.

Regarding the news articals that have been translated into english, for my mon ey they are about worthless becasue as I read them, they make little if any sence. If we are going to have an artical translated we need for it to be translated so that it reads well, is understandable and we're not getting that.

As for timing of the revalue, who can really know for sure? I hope with all that I am that it is sooner rather than later but I fear it could be later even though it certainly appears that it could happen today, but I'm just afraid that it might not. I will say this, no matter if we get the revalue today, this month, this year or next we must not lose hope or become discouraged because it will happen, it must or Iraq and its people are going to suffer badly.

I've seen through my reading of history that things can happen most unexpectedly and very quickly. There is no way to be certain about what will happen but the positives certainly dominate over the negatives. There is every legitimate reason to have confidence that this investment will do very well but no matter how good the prospects look, history has shown that that is no guaranty.

I for one need this revalue to happen now, almost desperately so so, I am very hopeful, I have to be. Garthstar mentioned that positive thinking could prevail here if we all put our minds to it and I think there is some truth in that.

Just my thoughts on what I've read in the post lately.

This is a great post!! I too believe there are far more positives than negatives, but at the same time, we are not in the meetings discussing this. As for positive thinking, I am a firm believer in affirmations, and believe that if enough people focused enough positive energy on the same thing it is amazing what can really happen.

John

Hhmmmm.............'world markets shortly'......


Iraq plans new wheat tender "soon" -minister

raq plans to buy more wheat on world markets shortly but the trade minister declined on Monday to give further details of an imminent tender.

http://www.noozz.com/Iraq/Index.aspx

Guys, The Foreign investment Law has been finalized!!

Iraq finalizes Foreign Investment Law
17 July 2006 (BBC Monitoring)

The Ministerial Council's Economic Committee has finalized the study of the new Foreign Investment Law which was prepared by the Trade Ministry.

Trade Minister Abd-al-Falah al-Sudani said that the Economic Committee had studied the law thoroughly and added a number of articles and cancelled others. He added that the law had been referred to the Ministerial Council, which asked the opinion of the ministries on the law, to be forwarded to the Council of Representative for ratification if there were no remarks on its articles.

Al-Sudani also said that the new law would open the door for foreign investments to contribute to building the infrastructures that had been destroyed due to erroneous conduct during the period of dictatorship and military operations after the coming of coalition forces to Iraq.

He said that civic institutions, universities and press institutions were invited to become acquainted with the new law and give their opinion on it so that the participation would be collective and varied to add more points of strength and avoid shortcomings. "The fears over this law will disappear one by one when people know its value and ability to build Iraq, which has had enough of setbacks because of wrong economic policies," said Al-Sudani. He added that the ministry was studying new mechanisms to rehabilitate shopping centres, which had suffered 90 per cent destruction.



Economy
Prime Minister tells US Congressional delegation of attractive new investment law
17 July 2006 (KRG)

KRG Prime Minister Nechirvan Barzani told a visiting US Congressional delegation that American investors and companies can benefit from a recently passed investment law. He urged American investors and companies to establish businesses in the Kurdistan Region, en route to developing private sector commercial activities throughout the country as conditions permit.

While there have been dozens of US Congressional Delegations (CODELs) visiting Baghdad and other parts of Iraq, this was only the second to visit the Kurdistan Region. Prime Minister Barzani invited US Congressman Peter Hoekstra of Michigan and welcomed him and his delegation to the Region. Other members of the delegation were Congressmen Gil Gutknecht of Minnesota, Mike Rogers of Michigan, Earl Pomeroy of North Dakota, Christopher Shays of Connecticut, and US Government staff.

The Congressmen expressed their pleasure and optimism at the progress being made by the Kurdistan Region as a model for Iraq, in moving from a brutal dictatorial past towards a peaceful and prosperous representative democracy. Prime Minister Barzani affirmed the policy of the KRG toward a federal, pluralistic, and democratic Iraq. He highlighted the recent visit of Iraq Prime Minister Nuri al-Maliki, assured full support to the federal government, and offered help and assistance.

Prime Minister Barzani and Deputy Prime Minister Omer Fattah expressed their appreciation to the Congressmen for America's protection and support over the past 14 years, which has enabled the Kurdistan Region to begin moving beyond the threatening conditions of the past. Prime Minister Barzani said there is a strong will to succeed. He emphasized it was an honour to fight and work side by side with the coalition forces, and said that America's sacrifices are most respected, valued, and not forgotten.

Regarding Kirkuk and the region's natural resources, Prime Minister Barzani emphasized that they will be handled in accordance with the Constitution.

The Congressmen visited the Kurdistan National Assembly (KNA, the Region’s parliament), where they met with Speaker Adnan Mufti, Deputy Speaker Kamal Kirkuki, and some members. The Speaker and Deputy Speaker expressed their appreciation for America's protection and support and highlighted efforts being made at the parliamentary level to promote the rule of law. The KNA leadership emphasized that the settlement of the Kirkuk situation, which, regrettably, has been excessively delayed, will be handled in accordance with Article-140 of the Constitution.

Thank you for your tremendous turnout on last week’s conference call featuring Dr. Qais Qaddouri and our CEO Dan Fadden.



Dr. Qaddouri gave his thoughts on the Iraqi Dinar and the rumors surrounding it. He also gives his thoughts on the new investment laws the Iraqi Parliament are considering. Also discussed were Dr. Qaddouri’s thoughts on the Finance Minister.



To those of you who were not on the call, or you would like to hear it again, here is the link to the call: http://securedcontent.net/freedinar/...ce071306ed.wma.



The call included some information on the IMF and “Moral Suasion”, here are two links that Mr. Fadden promised to expand on this topic:

http://www.imf.org/external/np/mfd/er/2004/eng/1204.htm “…exercise of moral suasion that constrains foreign exchange activity…”

http://financial-dictionary.thefreed.../Moral+Suasion “Moral Suasion A persuasion tactic used by an authority (i.e. Federal Reserve Board) to influence and pressure…”



Again thank you for making last week’s conference call a success. And please remember to be on the call early this week.



I just received this email and just thought many here would be interested. I am now going to go have a listen myself. Hope it is good news.

Originally Posted by kevinsw

Thank you for your tremendous turnout on last week’s conference call featuring Dr. Qais Qaddouri and our CEO Dan Fadden.



Dr. Qaddouri gave his thoughts on the Iraqi Dinar and the rumors surrounding it. He also gives his thoughts on the new investment laws the Iraqi Parliament are considering. Also discussed were Dr. Qaddouri’s thoughts on the Finance Minister.



To those of you who were not on the call, or you would like to hear it again, here is the link to the call: http://securedcontent.net/freedinar/...ce071306ed.wma.



The call included some information on the IMF and “Moral Suasion”, here are two links that Mr. Fadden promised to expand on this topic:

http://www.imf.org/external/np/mfd/er/2004/eng/1204.htm “…exercise of moral suasion that constrains foreign exchange activity…”

http://financial-dictionary.thefreed.../Moral+Suasion “Moral Suasion A persuasion tactic used by an authority (i.e. Federal Reserve Board) to influence and pressure…”



Again thank you for making last week’s conference call a success. And please remember to be on the call early this week.



I just received this email and just thought many here would be interested. I am now going to go have a listen myself. Hope it is good news.

P.S Don't forget to buy another 10 million dinars....

Still hearing this should be done by 24th. IF this rumour doesn't pan out it's just a matter of time folks. :0)