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

Kuna site|Story page|Cancellation of USD 120 billion of Iraq''s debt by...8/12/2006

Cancellation of USD 120 billion of Iraq''s debt by end of next year --

ECO-IRAQ-DEBT
Cancellation of USD 120 billion of Iraq's debt by end of next year --

governor BAGHDAD, Aug 12 (KUNA) -- Up to USD 120 billion of the total Iraqi debt is expected to be cancelled by the end of next year, the Iraqi central bank governor Dr. Snan Al-Shabibi said Saturday.

In a lecture he presented at the Iraqi Foreign Ministry, the governor said that it is hoped that USD 120 billion of the total Iraqi debt will be cancelled before 2008 with only USD 20 billion being left.

He indicated that Iraqi diplomacy will be playing a role to achieve this objective.

As for the reasons of the accumulation of Iraqi debt, reaching about USD 146 billion, he said these include financing the wars the former Iraqi regime engaged in, including the eight-year war with Iran.

He affirmed that the new Iraq cannot carry out new development and construction projects if these debts are not cancelled.

The governor added that USD 50 billion of total Iraqi debt to Paris Club members had been cancelled, as this would be of an advantage for them too due to the investment opportunities that would be available in Iraq in the future.

I can't believe the post that are already saying it will happen in September or even October. How can you give up on August with what's going on over there. I'll tell you about what the rich posesses that the poor don't. The rich make a decision on the facts at hand and make a quick decision and then hold fast to that decision. The poor make a decision slowly and change their minds often. I stand firm for August. I might be wrong, but changing your minds every 5 minutes because of some news you heard is rediculous. The iraqi's need this and now, I don't believe for one second that the government isn't under the gun to make this happen ASAP for more reasons than one. This is my opinion only, but I know some very wealthy people and they are hard headed to say the least, but once they make a decision they stand by that decision until the end. I STAND FOR AUGUST, now who's with me?

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Cigarman I am.. Ditto!!! I'm hanging on by my fingernails.. but still hanging on!

Originally Posted by cigarman

I can't believe the post that are already saying it will happen in September or even October. How can you give up on August with what's going on over there. I'll tell you about what the rich posesses that the poor don't. The rich make a decision on the facts at hand and make a quick decision and then hold fast to that decision. The poor make a decision slowly and change their minds often. I stand firm for August. I might be wrong, but changing your minds every 5 minutes because of some news you heard is rediculous. The iraqi's need this and now, I don't believe for one second that the government isn't under the gun to make this happen ASAP for more reasons than one. This is my opinion only, but I know some very wealthy people and they are hard headed to say the least, but once they make a decision they stand by that decision until the end. I STAND FOR AUGUST, now who's with me?

Good call....I am with you for this week. To much already done and the real news is shhhhhh

BTW it is cease fire in 4 hours.

I'm in for August...if it doesn't reval tomorrow then I will go with whatever the next speculated day is in August. I'm along for the ride. I feel like it is going to reval high and in August. No facts just gut feeling.

Originally Posted by CharmedPiper

I'm in for August...if it doesn't reval tomorrow then I will go with whatever the next speculated day is in August. I'm along for the ride. I feel like it is going to reval high and in August. No facts just gut feeling.

Nice first Post. and Welcome to Rolclub. The Dinar Gang land. Gut felling is like the rich. So get ready.

I'm with you Cigarman.

I am always with you Cigarman! I know its coming.

i'm with you also cigarman. i've got this gut feeling it;s going to happen this month <august>
lisa