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

Originally Posted by steakman44

Hi All
Just a quick question for Adam or Mike. Are you still hearing r/v on July 27th at 1:1 or more?

Not hearing anything different, it's all set by the end of this month. I'll be honest I'm a 9 out of 10 for it happening then and a 10 out of 10 by end of August. Only a 9 cos I know how the Iraqi's fack everyone around and delay things to suit!

Originally Posted by choochie

How am I supposed to leave for the weekend when you guys keep saying we are almost there?

I just went on vacation from July 7-14 with no internet access. Wondering what was going on with the dinar did drive me a bit nuts, but I made it through. Don't worry...it can be done. Just think how pumped you'd be if news of an r/v was awiting your return.

Kathy

Originally Posted by choochie

How am I supposed to leave for the weekend when you guys keep saying we are almost there?

Enjoy your weekend and don't give the dinars one single thought!! Even if the rv takes place over the weekend...the banks won't be geared up to do exchanges for a week or two anyway. So have fun with no worries!!

Originally Posted by Adster

Every day is a day closer bob. ;0)

Smarty-Pants!!!

Tiff I'm glad you said that ! Not I LOL, I know Adam well enough not to take that to personal. It's something in the way I would have answered my self. LOL

hey all you rolclubers and dinaraholics. after this baby pegs why not give to the 10x5 team in my sig. $50.00 would sure be a nice way of celebrating, and giving back to the world society and underprivelgded Children of the world and future children. Just a humanitarian thought . BOB

Posted by: nadioshka on Thursday, July 20, 2006 - 08:39 PM
Investment-Foreigners
New Investment law bans foreign ownership of land
By Kawthar Abdul-Amir
Baghdad, July 20, (VOI) – A new Iraqi investment law gives equal treatment for foreigners as Iraqis but it will not allow foreign ownership of land, a government statement said on Thursday.
“The new draft law…aims at making room in a well-studied way to encouraging investment in Iraq. It equates foreign and Iraqi investors except that it prohibits foreign ownership of land inside Iraq,� the statement said.
The government approved the draft law at a meeting on Wednesday and referred it to parliament for discussion and approval.
“The draft provides for establishment of an investment authority whose task will be to facilitate investment and offer exemptions from taxes and fees according to the nature of the area where the investment will be undertaken,� the statement said.
“The new draft law allows the investor to repatriate capital and returns without obstacles after payment of all dues to the Iraqi government and the private sector,� it added.
“It offers a projection for developing areas across Iraq through dividing the country into development areas with different rates of exemption according to the state’s views on developing provinces,� it said.
“It assigns a role to provincial councils in offering advice and facilitating investment in their regions. It also sets up a mechanism to settle investment disputes,� it said.
The statement said the new law would cancel a foreign investment law issued under the provisional administration that ruled Iraq following the U.S.-led invasion of 2003.

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

Dollar remains steady ahead of weekend in Iraq
Baghdad, July 20, (VOI) – The dollar exchange rate remained steady to complete an unprecedented week of stability for dollar demand, the Iraqi Central Bank said on Thursday.
Demand for dollars during the week stayed in the region of $42 or $43 million as the exchange rate was steady at 1,477 dinars to the dollar in the daily auction of the Central Bank, a statement said.
Banks bid for $42.940 million which the central bank covered in full, including $32.540 million in cash and the rest in transfers abroad. No banks offered to sell dollars.

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

Originally Posted by Offshore-Wealth.com

Funny,

No, I let my guard down on one HYIP, and I paid for it dearly, as we all have, but heck, it is what brought us all together, and that is really the most important outcome from the PIPS disaster. One loser is all it takes for me to learn a lesson, I trust very few people when it comes to money, especially one who is suffering from schizophrenic delusions. (g)

Good luck to all, Mike

Ouch! That's a new one to me. Does this imply that BM is unstable, or am I reading this incorrectly? Do you think that ship is really and finally sunk?
Anyway, You and Adster may find you have an interesting burden. I relate to what you say about trusting people about money. I have lost SO much money on what seemed like a good venture. After all this time and all these letters I find that I do trust you and Adam, and will follow your lead.
Onward Cap'n!

Originally Posted by Adster

Not hearing anything different, it's all set by the end of this month. I'll be honest I'm a 9 out of 10 for it happening then and a 10 out of 10 by end of August. Only a 9 cos I know how the Iraqi's fack everyone around and delay things to suit!

Just a couple questions...first off...does "fack" mean what I THINK it means?

and...with the prices of items already being raised completely out of reach for the average Iraqi citizen, doesn't their currency pretty much HAVE TO be revalued rather soon in order for their survival? Another whole month with things 'out of balance' seems rather un-likely to me...but what do I know?

Adam, Mike, Cigarman....your thoughts are ALWAYS welcomed and APPRECIATED!