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

WASHINGTON, Aug 16 (Reuters) - President George W. Bush is not frustrated with the leadership of the new Iraqi government and does not expect an "overnight success," White House spokesman Tony Snow said on Wednesday.

Snow was responding to newspaper reports that said Bush in private meetings had expressed concern about progress in Iraq and frustration with the new government.

U.S. and Iraqi forces continued to try to stem sectarian violence on Wednesday as bomb attacks killed 21 in Baghdad.

Snow said Iraq was not in a civil war and disputed the characterization of Bush as frustrated with progress in Iraq or with Prime Minister Nuri al-Maliki's government.

"You've got a government that is brand new," Snow said.

"This is a guy who has a series of challenges before him with this government and the president is impressed not only by his determination to get the job done, but the fact is that he is working aggressively to do these things," Snow said. "We don't expect him to be an overnight success in dealing with all these problems, nobody can be, but the president certainly supports Prime Minister Maliki."

You mentioned that the Iraqi Parliament would have to vote on the value of the Denar before it went into the international markets. Is that true? Also, as Parliament is on vacation, when would the possible vote be? September 2?

You also mentioned about Shabibi being part of it as he is the Governor of the CBI. I thought we heard that he is going to become the new Minister of Finance? What have you heard about this?

Originally Posted by pipshurricane

WASHINGTON, Aug 16 (Reuters) - President George W. Bush is not frustrated with the leadership of the new Iraqi government and does not expect an "overnight success," White House spokesman Tony Snow said on Wednesday.

Snow was responding to newspaper reports that said Bush in private meetings had expressed concern about progress in Iraq and frustration with the new government.

U.S. and Iraqi forces continued to try to stem sectarian violence on Wednesday as bomb attacks killed 21 in Baghdad.

Snow said Iraq was not in a civil war and disputed the characterization of Bush as frustrated with progress in Iraq or with Prime Minister Nuri al-Maliki's government.

"You've got a government that is brand new," Snow said.

"This is a guy who has a series of challenges before him with this government and the president is impressed not only by his determination to get the job done, but the fact is that he is working aggressively to do these things," Snow said. "We don't expect him to be an overnight success in dealing with all these problems, nobody can be, but the president certainly supports Prime Minister Maliki."

This sounds much better to me. In an earlier post..... The New York Times does not like our Beloved President. This is not the first negative report they have given about G.W. I take their view with a grain of salt.

16 August 2006 (PortAl Iraq)

The Central Bank of Iraq (CBI) and Iraq's Ministry of Finance are working together toward the restructuring of state-owned banks.

The CBI has established a bank restructuring unit, tasked with advising on bank restructuring plans.

According to an August 2006 International Monetary Fund report, the Iraq's Ministry of Finance intends to appoint an international auditor to conduct a financial and operational audit of the banks.

The Ministry aims to have devised a comprehensive restructuring plan by the end of 2006.

so does that mean that the r/v will not take place soon?

Amman, Aug. 16 (Petra)-- Jordan and Iraq are enjoying distinguished relations, especially in the economic fields as the trade exchange between them reached $600 million last year out of which $570 million were Jordanian exports, an official said.

During a meeting on Wednesday that gathered Minister of Industry and Trade Sharif Zu'bi and Iraqi Speaker of Parliament Mahmoud Mashhadani, Zu'bi He called for increasing the volume of trade exchange between the two countries, particularly since Iraq is the first trade partner of Jordan.

He affirmed that the Ministry's policy aimed at increasing the volume of trade exchange between Arab countries, particularly that 44 % of the total national exports go to the Arab countries while the imports from Arab countries rated 34 %.

Zu'bi, pointed out that Jordan prepared laws in the areas of economic, trade, investment, competition, protecting national production and encouraging domestic, Arab and foreign investment in a move towards the economy market and towards signing several agreements.

He stressed that Jordan provides all facilities for the Iraqis living in Jordan, who are more than half a million people. Jordan also provides facilities to traders, businessmen and investors through the crossing points, especially since the Jordanian investment law does not distinguish between and domestic investments.

For his part, the Iraqi official stressed that all the things in Iraq are good except the security, especially since the occupation removed the Iraqi infrastructure, pointing out that the draft of the national political agenda came in accordance with the national benefits to forge ahead in building a modern state.

He noted that the visit was aimed at establishing parliamentary strong relations between the two countries, stressing the need to move towards brotherhood of Arabs and Muslims in our relations, especially since there are many ties that bind us.

Originally Posted by bob1940

so does that mean that the r/v will not take place soon?

At this time its hard to predict the future.We all speculate with the news
we read each days.The governement in iraq has to do something soon
for the population.So let cross our finger to see this r/v occur asap :))

http://www.isx-aman.com/

After going to the site it would appear that Aman ISX is open to the World!. Go to the Clients section on the top of the page.

Clients

The Iraq Stock Exchange is open for international investors who desire to contribute to the reconstruction of the Iraqi Economy. New legislation with the purpose of liberalising the oil-rich Iraqi economy and promoting free market economics stipulates that:

foreign investor shall be entitled to make foreign investments in Iraq on terms no less favorable than those applicable to an Iraqi investor, unless otherwise provided herein. Ref: Investment Law
The amount of foreign participation in newly formed or existing business entities in Iraq shall not be limited, unless otherwise expressly provided herein. Ref: Investment Law
A juridical or natural person foreign or domestic has the right to acquire membership in (all) companies … as a founder, shareholder or partner . Ref: Commercial Company Law

Tale,

Was this posted on the site when you opened your account?.

With inflation rising and their people finding it harder to pay gas prices, rent and the day to day living expenses we need to see a r/v soon. Remember, the IMF will come down hard on Shabibi if he doesn't get the inflation under control. Not forgetting the behind the scenes pressure Bush and co are putting on.

It'll happen folks.

Originally Posted by Adster

With inflation rising and their people finding it harder to pay gas prices, rent and the day to day living expenses we need to see a r/v soon. Remember, the IMF will come down hard on Shabibi if he doesn't get the inflation under control. Not forgetting the behind the scenes pressure Bush and co are putting on.

It'll happen folks.

Thats it Adam hope the governor will be logic and make this happen.
If not we are all stupid and know nothing about the economy on the world


BTW read my last news!!! :))))