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

Originally Posted by pipshurricane

Source: United Nations (UN)

Date: 27 Jul 2006
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United Nations, Iraq jointly announce launch of five-year International Compact aimed at achieving national vision of united, federal, democratic country

IK/552

Following is the joint statement on the launch of an International Compact with Iraq, issued today in New York:

The Government of Iraq and the United Nations announce the formal launch of the International Compact with Iraq. This Compact is an initiative of the Government of Iraq for a new partnership with the international community. The Compact, jointly chaired by the Government of the Republic of Iraq and the United Nations, with the support of the World Bank, will, over the next five years, bring together the international community and multilateral organizations to help Iraq achieve its national vision.

The Government's vision is that, five years from now, Iraq shall be a united, federal and democratic country, at peace with its neighbours and itself, well on its way to sustainable economic self-sufficiency and prosperity and well integrated in its region and the world. Guided by the Millennium Development Goals, the Government will work to meet basic needs, protect the rights of all citizens and ensure the optimal use of the country's resources for the common good.

To achieve this vision, the Government of Iraq has undertaken to make progress on political inclusion and consensus-building, on the rule of law and on the establishment of professional security forces. The Government of Iraq is committed to tackling corruption, creating a transparent and efficient oil sector, developing a solid budgetary framework, improving governance and building and consolidating effective national institutions. The United Nations is committed to support and facilitate the Compact, through its mission and agencies in Iraq and the good offices of the Secretary-General and his representatives.

The Government of Iraq recognizes that good governance and resolution of security and political challenges are prerequisites for progress in all other areas, including economic revival and normalization. It will, therefore, make every effort in the coming period to realize these conditions, with the assistance of regional and international partners, in order to achieve the Compact's primary focus: building a framework for Iraq's economic transformation and integration into the regional and global economy.

In their capacity as co-chairs, the Government of Iraq and the United Nations have appointed an executive committee that will also include the World Bank, the International Monetary Fund and other regional financial institutions, which will manage the process towards the adoption of the Compact and beyond. The Executive Committee will assist the Government to formulate a strategy for economic regeneration and fundamental reforms for integrating Iraq within the regional and global communities.

The co-chairs will also work with a preparatory group of countries and organizations to develop the Compact via a consultative process. This group will provide support, advice and guidance on the Compact. In September, broader consultations with the international community will take place in New York at the next meeting of the United Nations General Assembly, followed by an update to finance ministers at the annual World Bank/International Monetary Fund meeting in Singapore.

It is envisaged that the finalized Compact, including key priorities, benchmarks and commitments, will be presented by the Government of Iraq by the end of 2006. We invite the international community to commit their support to the process that we have begun today and, ultimately, to join as valued partners in the International Compact with Iraq.

By reading this article, it looks like the Prime Minister did like what saw in America. This basicaly says this for its future. They keep using the 5 years in everything. I am wondering if that is because of when other countries can then collect from their abondance of currency. Strong Iraq, Ok now lets deal.

August 2, 2006
Country: Iraq

Title: First and Second Reviews Under the Stand-By Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance and Applicability of Performance Criteria
http://www.imf.org/external/np/sec/bc/eng/index.asp

Originally Posted by cigarman

August 2, 2006
Country: Iraq

Title: First and Second Reviews Under the Stand-By Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance and Applicability of Performance Criteria
http://www.imf.org/external/np/sec/bc/eng/index.asp

I would think this is a good thing.

Originally Posted by Par77

Just received this from Freedinar for those who may not get their updates.


To all our FreeDinar Members and Customers,



Unfortunately tonight’s call will again be a repeat. Most of our corporate staff is in Jordan with the Dr and his wife celebrating their son’s wedding. The reception is still happening as you read this, so needless to say they will not be able to make the call.



However don’t let this lead to you believe that there is no movement regarding the Dinar revaluation.



As many of you know the Prime Minister of Iraq, al-Maliki, recently met with President Bush and addressed congress.



This information, along with the new laws being formed in Iraq to protect foreign investors, and the Iraqi Stock Exchange soon to open up to foreign investors, leads us to believe that we are looking for a revaluation to happen soon. Al-Maliki has been quoted as saying he has a plan to bring Iraq back into the world market economy instantly. Is this by revaluating the Dinar?



We know that many of you want to know “How soon?” and that is an answer that we can not give you. We are also investors in the Dinar and look for any information regarding “when” and “how much”. Many of the rumours from people claiming to be “in the know” state anywhere from .06 cents to $1.12. per Dinar.



Our President, Bob Bogue, our Chief of Operations, Dustin Nelson, and our Executive Vice President, Jeremy Lilly have arrived in Jordan to attend the wedding. They will be there on business for the next two weeks. In that time they will send any new information that they hear back to our US office and we will send it out immediately. They will also be inquiring into the lower denominations that have been rumoured to have been printed in anticipation for the revaluation. We have also heard that new coins have been minted (fils) but have not been release to the general public but a few have slipped out. If that is the case we hope to get our hands on a few and post them on the site.

The last paragraph sounds awsome. If they are actually in Jordan you know they be will researching all they can. This will be Interresting to hear when the arrive back. You know they want have the new 1dinar are coins but to hear that they are minted to me means it is in the arising very soon. Also take note that the coins are .50 and .25 and not to mention the 1dinar. Hummmm.

Originally Posted by pipshurricane

Yes neno that sound this way maybe Mike can elaborate more on this with
his contact with the kurds!!!

Yes, the Kurds already had investors committed, and both from UK and CAN, so this is why they wanted to get jump on Baghdad as these deals have been secured last year, which is why we are seeing it now for the first time in public. We are close, all we need to see is more security in Baghdad area, and with citizens now turning in these Iraqi traders with greater frequency, we are seeing progress daily.

Good luck to all, Mike

Originally Posted by neno

ph , to me this sounds like they will be dealing in Euro. How about you?

If they choose to deal in euro, would this not in a sense be "double-crossing" Pres. Bush and the U.S. for all they have done for Iraq? Or does it matter one way or the other? I can only assume that Pres Bush and the U.S. would want Iraq to deal in dollars especially where the oil trade is concerned. Any commments Adster, Mike, Neno, PH and you other dinar genuises?

Monica

So Mike, you are saying that they could peg to the Euro?

Monica beat my post, sorry for asking same question.

Originally Posted by readytogo

If they choose to deal in euro, would this not in a sense be "double-crossing" Pres. Bush and the U.S. for all they have done for Iraq? Or does it matter one way or the other? I can only assume that Pres Bush and the U.S. would want Iraq to deal in dollars especially where the oil trade is concerned. Any commments Adster, Mike, Neno, PH and you other dinar genuises?

Monica

Personally I dont think it matters as long as it is just traded globally. If it is in euro that is just more USD for us I believe. The USD is 1.27 to the euro also I believe.

EURO - Where Can it Go?

With the EURO/USD making new all time highs how much further can the EURO rally?

With the lack of a clear catalyst to reverse the Dollar's decline, the EURO/USD appears poised to move towards 1.30 - 1.33 in the next few months.

http://www.greekshares.com/euro_dollar.php

Originally Posted by choochie

So Mike, you are saying that they could peg to the Euro?

No, it has nothing to do with Euro exchange to dinar, this is investments made in Kurdistan and it only involves investments into region, so no slap in face of Bush. This is how investments in other countries is, you use whatever currency of country doing the investing and it is converted accordingly. I have worked with CAN company in Kuristan project, so this is nothing new, so don't worry.

Good luck to all, Mike