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

Originally Posted by pipshurricane

The Iraqi Central Bank... Six trillion dinars is the net mass of cash in Iraq.

An official source in the Iraqi central bank revealed that the net mass of cash in Iraq reached 6 trillions of Iraqi dinars. The size of circulating cash is 4 trillions dinars.‏
And the source said that the central bank seeks now limitation of inflation that occurred in the time of bygone regime throughout random and unstudied mechanism Of the central bank and that caused a big rise in prices level.‏

He also clarified that the bank managed the reduction of inflation level through last April and hopefully a continuous work will cause eradication of more than 20% of inflation level in order that through coming five years the Iraqi economy enjoys balanced market with active economy.‏
And he pointed that the Iraqi economy is not submitted to budget but to total local product.
The bank now is capable of reinforcement the value of the Iraqi dinar with respect to other currencies.

( Translated from Arabic )

http://www.iraqdirectory.com/files/a...article053.htm

Good find pipshurricane,

Yes, combined with all the other economic bases posts on meetings, etc., we can only conclude one thing? Does anyone know what it is? No, I didn't think so. LOL

Seriously, think back to only a year ago, who would have bothered robbing a bank for dinar. LOL My how things have changed over the past year, to what was being decribed as toilet paper value, to being robbed in broad daylight, what is this world coming to? LOL

Good luck to all, Mike

FI Laws done and dusted!!! Bring on the r/v!!!


Head of the Chamber of Industry and Commerce of the Iraqi branch of the American - Amman - Engineer Faris reformer's room for organizing "Iraq Investment Forum" in the Jordanian capital Amman during the month of August next.
The reformer that the Forum aims to explain the policies of Iraq future investment and the definition of companies wishing to enter the Iraqi market mechanisms for new work to be adopted by the Iraqi government after the approval of the House of Iraqi new investment law in the last few days. He noted Iraq's intention to invite the international community to support the economic transformation of the Iraqi government, which is keen to stimulate and lay the foundations for the legal and legislative own in the coming period.
The reformer that ongoing contacts with the parties concerned to ensure their participation in the activities of the Forum, pointing out that there were assurances from the Iraqi government and the government of Kurdistan to attend via delegations representing the ministries of planning, industry and trade.
He pointed out that the Forum is the gateway to the task for putting the needs of Iraq's key stage who in addition to giving participants a coherent picture of the economic activity of the Iraqi offer investment opportunities ahead, especially in projects that are of interest to investors.
The reformer that the timing of the forum was a preliminary plan within the demarcated by the chamber to explain the advantages of the "Exhibition of reconstructing Iraq 2006", organized by the Chamber with support from the Iraqi government in the city of Sulaymaniyah in northern Iraq by mid-October next . The reformer that the selection of Jordan for the Forum comes from the atmosphere of economic openness that I have instructions of His Majesty King Abdullah II and his vision of Business encouraged by Arab and foreign investors to go to Jordan and take advantage of the attractive investment climate and facilities provided and economic stability in z Oe evolving laws and legislation in this area, pointing out the desire of the Iraqi economy based on the transfer of the Jordanian experience and benefit from the lead in reviving the Iraqi economy المنهك. The Iraq and Jordan had agreed last month to swap Jordanian of Iraq (1, 3) million contract projects equal to the value of the debt during the next period within the plan for reconstructing Iraq




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.

Originally Posted by Adster

FI Laws done and dusted!!! Bring on the r/v!!!


Head of the Chamber of Industry and Commerce of the Iraqi branch of the American - Amman - Engineer Faris reformer's room for organizing "Iraq Investment Forum" in the Jordanian capital Amman during the month of August next.
The reformer that the Forum aims to explain the policies of Iraq future investment and the definition of companies wishing to enter the Iraqi market mechanisms for new work to be adopted by the Iraqi government after the approval of the House of Iraqi new investment law in the last few days. He noted Iraq's intention to invite the international community to support the economic transformation of the Iraqi government, which is keen to stimulate and lay the foundations for the legal and legislative own in the coming period.
The reformer that ongoing contacts with the parties concerned to ensure their participation in the activities of the Forum, pointing out that there were assurances from the Iraqi government and the government of Kurdistan to attend via delegations representing the ministries of planning, industry and trade.
He pointed out that the Forum is the gateway to the task for putting the needs of Iraq's key stage who in addition to giving participants a coherent picture of the economic activity of the Iraqi offer investment opportunities ahead, especially in projects that are of interest to investors.
The reformer that the timing of the forum was a preliminary plan within the demarcated by the chamber to explain the advantages of the "Exhibition of reconstructing Iraq 2006", organized by the Chamber with support from the Iraqi government in the city of Sulaymaniyah in northern Iraq by mid-October next . The reformer that the selection of Jordan for the Forum comes from the atmosphere of economic openness that I have instructions of His Majesty King Abdullah II and his vision of Business encouraged by Arab and foreign investors to go to Jordan and take advantage of the attractive investment climate and facilities provided and economic stability in z Oe evolving laws and legislation in this area, pointing out the desire of the Iraqi economy based on the transfer of the Jordanian experience and benefit from the lead in reviving the Iraqi economy المنهك. The Iraq and Jordan had agreed last month to swap Jordanian of Iraq (1, 3) million contract projects equal to the value of the debt during the next period within the plan for reconstructing Iraq




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.

Yes! Bring on the R/V! Momma needs a new pair of shoes!

(sorry Raddie, will go over to "crazy thread" now)

hehe, you are excused! But only for this time!

Originally Posted by jsfletcher

Hello all,

With this recent bank heist, do we still think this month is a good possibility? That was a lot of dough they took. Are we still hearing arount the 24th?

John

I was wondering the same thing...may be now they will postpone the reval as to not give those robbers (=terrorists?) the advantage of a higher value?

/Karin

Originally Posted by karinc

I was wondering the same thing...may be now they will postpone the reval as to not give those robbers (=terrorists?) the advantage of a higher value?

/Karin

If it is and I think it is. Will have all serial numbers logged and distributed across the planet for Red Flages. I believe it will have no contibute to the revalue. Might have a waiting period for validation for us thow.

Originally Posted by pipshurricane

The Iraqi Central Bank... Six trillion dinars is the net mass of cash in Iraq.

An official source in the Iraqi central bank revealed that the net mass of cash in Iraq reached 6 trillions of Iraqi dinars. The size of circulating cash is 4 trillions dinars.‏
And the source said that the central bank seeks now limitation of inflation that occurred in the time of bygone regime throughout random and unstudied mechanism Of the central bank and that caused a big rise in prices level.‏

He also clarified that the bank managed the reduction of inflation level through last April and hopefully a continuous work will cause eradication of more than 20% of inflation level in order that through coming five years the Iraqi economy enjoys balanced market with active economy.‏
And he pointed that the Iraqi economy is not submitted to budget but to total local product.
The bank now is capable of reinforcement the value of the Iraqi dinar with respect to other currencies.

( Translated from Arabic )

http://www.iraqdirectory.com/files/a...article053.htm

Sorry guys with some other research this is a old news
this link below confirm this,sorry again :(

http://www.iraqdevelopmentprogram.or...ews/new343.htm

Hmmmm...does anyone know anything about the logging of serial numbers and waiting for verification of authenticity that is being spoken about?

All I know is that when I worked at the bank we just had to check the current exchange rate for whatever currency and either credit the customers account or give them back cash...I never dealt with middle east money though...

Just curious because I don't want to have money credited to my accounts and then a week later get a phone call stating that my currency wasn't "logged properly" or something else crazy and then have it taken away...you know what I'm saying? Just talking craziness, I guess...can't see that happening...but now these questions are coming up because of the robbery.

Thats a very good question Tiffany !! Will be interested in replies.


(I have gone over the edge-I need the r/v now as well--to much rollercoastering makes me )



I also have a question which may have been answered before, excuse me if it has. But reading about the Dinar becoming 'legal' internationally traded currency. I known when I travel overseas, I have to declare how much money I am brining back into the US, how are the Dinar dealers handling this now, and what repercussions are there for those of us who are buying from dealers outside of the US ? IF any.

Think I will go and buy some more !

AGHDAD, July 18 (Reuters) - The Iraqi government and United Nations have postponed the high-level launch of a major economic recovery programme for several weeks, officials said on Tuesday.

Senior diplomats and officials of international institutions had been due in Baghdad on Thursday to launch the International Compact for Iraq but the senior Iraqi minister involved said the war in Lebanon obliged key participants to change their plans.

"It has been postponed because of difficulties in getting high-level people into Baghdad, especially because of what's happening in Lebanon," Deputy Prime Minister Barham Salih told Reuters. He denied there were any fundamental problems.

Israel pounded Lebanon for a seventh day on Tuesday in response to the kidnapping of two soldiers by Hizbollah guerrillas, who have also fired rockets on northern Israel.

U.N. officials and Western diplomats closely involved in preparing the meeting confirmed the postponement, saying it could now take place in late August or early September.

The Compact is, broadly speaking, a five-year plan, involving Iraq's neighbours and wealthy foreign powers, to revive the potentially oil-rich economy after decades of war, sanctions and now vicious communal bloodshed.

Among key initial goals is winning relief on debts run up by Saddam Hussein with Gulf Arab states. Western states have already forgiven Iraq much of its debt but Saudi Arabia and Kuwait, the biggest Gulf creditors, have been taking their time

http://www.alertnet.org/thenews/newsdesk/MAC855752.htm