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

Originally Posted by cigarman

I still don't understand why Iraq has not passed the FI law or announced it. Their just going to be even further behind Kudistan now. Do you think they will go ahead and reval since Kurdistan has announced theirs?

The days not over matey, still a chance of the FIL announcement although I doubt it now.

As for the r/v I'm of the opinion it won't be done whilst parliament are on their lols/hols for 30 days. Shabibi can announce it but I don't think so. Hope I'm wrong!

Originally Posted by cigarman

I still don't understand why Iraq has not passed the FI law or announced it. Their just going to be even further behind Kudistan now. Do you think they will go ahead and reval since Kurdistan has announced theirs?

I presume there are still small alterations from the Kurds Law that they haven't agreed on yet....

admin
I guess I missed something. What is that thing at the top supposed to be for? Instant in-crowd chat sort of thing?

Originally Posted by ourhouse37

admin
I guess I missed something. What is that thing at the top supposed to be for? Instant in-crowd chat sort of thing?

Yes Kristin, it is a chat box.

This is good!!! Especially the 5th and 6th paragraphs.



Iraqi reconstruction conference planned for late November
August 1, 2006


The world's major economic powers, including Japan, the United States and countries in Europe, will hold a conference in late November to sign an agreement on a five-year plan to assist in the economic reconstruction of Iraq, it was learned Tuesday.

It has yet to be decided which country will host the conference, informed sources said.

Leading up to the conference, the parties concerned will hold a high-level meeting, possibly in early September, at which Iraq will present a blueprint of its economic reconstruction plan, the sources said.

Among those participating in the meeting will be representatives of the World Bank and the International Monetary Fund, as well as such countries as Japan, the United States, major European nations and Middle Eastern countries, including Saudi Arabia.

Iraq's reconstruction plan will center on the enhancement of transparency of its economic and financial systems and the elimination of corruption, according to the sources. It will include the establishment of legislation to promote investments and private-sector business transactions.

The plan, which will be fine-tuned at a U.N. General Assembly meeting and the IMF and World Bank annual meeting, both scheduled for September, is expected to cover a broad range of issues, also including Iraq's oil development projects, fiscal management, and creation of better financial markets.

According to U.S. Deputy Secretary of the Treasury Robert Kimmitt, the upcoming conference will be organized in a similar way to an international donors' conference on the reconstruction of Afghanistan held in London in January.

The Afghan conference was attended by delegates of some 60 nations and organizations, including Japan and the United States, and was cochaired by Britain, Afghanistan and the United Nations.

In the previous conference on Iraqi reconstruction held in Madrid in 2003, donor countries promised to provide a total of 13.5 billion dollars in aid to Iraq. But of the total, only 4 billion dollars has been collected so far, according to Kimmitt.

Japan pledged to provide up to 5 billion dollars in aid, and has already formalized a plan to extend 1.5 billion dollars in the form of grant-in-aid.

The Madrid meeting was divided between participants led by the United States, Britain and Japan and a group of countries such as France and Germany that opposed the U.S.-led war in Iraq.

However, according to Kimmitt, who toured Europe in July, many European countries have now come to realize Iraq's economic potential and the importance of stability in the Middle East, noting that he expects the negotiations to proceed smoothly this time. (Jiji Press)

http://mdn.mainichi-msn.co.jp/inter...0in043000c.html

...meanwhile prices keep rising and the currency stays the same...can't go on much longer IMO.

correct tiff, just a matter of time.

My only concern is if they wait until later this year the inflation will be up to say 500 percent and they then might lop zeros. I surely hope we hear something good soon.

Adster stays firm with the NO LOP statement.

Lop won't give them the buying/purchasing power they need to import goods or give their people anything back in the way of what they lost pre war. Won't happen. Turkey did it because they had nothing else but a flailing economy and their notes were in millions so it made sense, Iraq have oil and the highest notes are 25k and not 25 million.

Lop has been discussed to death, not going to happen.