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

Not sure if anybody posted this yet....Kickin' butt and taking names!

Warrants issued against 88 ex-officials

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Baghdad, 27 September 2006 (Gulf News)
Arrest warrants have been issued against 88 former Iraqi officials, including 15 ministers, on charges of corruption, an independent anti-corruption commission said yesterday.

Among those wanted are 61 "living as fugitives abroad", said Ali Al Shabout, spokesman for the Public Integrity Commission. Interpol has been informed that they are wanted for prosecution in Iraq, he said.

The agency, which answers to parliament, is run by a judge who serves a five-year term. It was established in 2003 after the US-led invasion.

Iraq has been struggling to deal with endemic corruption in the civil services. Al Shabout said the agency has documented the loss of $7.5 billion (about Dh27 billion) through corruption over the past three years.

At the end of the last year, six arrest warrants on corruption charges were issued against former Iraqi ministers who served in the two previous postwar governments.

One of those six was Iraq's former electricity minister, Ayham Al Samarie, who was arrested last month in Iraq. Al Samarie, a dual Iraq-US citizen and Sunni Arab political figure, stands accused of financial and administrative irregularities.

Warrants issued against 88 ex-officials | Iraq Updates

Originally Posted by pistons

I may be way off in my thinking but, it says "their salaries deducted monthly installments over 36 months". If the dinar was to RV this month, and their salaries adjusted accordingly, how could they possibly repay the loan with deductions from their salary? They would probably not be making 20 million dinars over a 3 year period. I hope I'm missing something.

20 million Dinar @ the current rate can't even buy them a decent car...
There has to be some type of clause or back door clause if you would set for them in this loan agreement...
I would think people of the Iraqi Gov/Parliment to be better off than most in Iraq...
I can see them giving the really bad off poor people of Iraq a 20 million Dinar loan @ the current value to help out a little not the people who are better off than most...
So I don't see where this makes any sense @ the current value of Dinar which leads me to think they have some back door clause set to cover them when RV hits... This is how the rich get richer... JMO that something is not right here...

I just found this article....could this be of interest to us as investors...I am not sure what to make of it???

Professor Hadi Al-Ameri guest rooms Iraqi Parliament

(Voice of Iraq) - 27-09-2006 | This issue was sent to a friend

Hosts Conference on Albaltok Iraqi Parliament, professor Hadi Al-Ameri, member of the House of Representatives from the United Iraqi Alliance, the Secretary-General of the Badr Organization, will be held on Thursday, September 28, 2006 at 9pm timing Central Europe and at first ISO p.m., the timing of Iraq ... the meeting directly from Baghdad evening to talk about the draft Federal Territories Act, a situation the current Iraqi hope everyone will join us in this political evening, to enrich the debate and dialogue, in order to develop a better vision of the new Iraq.


Note : The call also directed at the press and the media gone to the importance of the meeting.

Sotaliraq.com

Hey you guys i have a question! I have a friend in Phoenix Arizona that needs an address to a CHASE bank and a phone number if possible. She has tried one bank and they're are not dealing with the DINAR. THANKS, LISA

Originally Posted by boogirl

20 million dinars bank loan to the members of the House of Representatives

(Voice of Iraq) - 27-09-2006 | sent this issue to a friend :

20 million dinars bank loan to the members of the House of Representatives Morning Zubaidi discussed with the charge d'affaires of Lebanon financial effects between the two countries Baghdad - the Samurai The Finance Minister Baqer Jabr Al-Zubaydi bank Rafidain and Rashid granting members of the House of Representatives a cash advance of 20 million dinars each Vice ensure that their salaries deducted monthly installments over 36 months, as discussed with the Lebanese Chargé d'affaires consultant Nawaf financial effects between the two banks. He said banks adviser in the Ministry of Finance had been instructed to various branches of government banks Rafidain and Rashid implementation of directives by the Minister of Finance. The actions of bank lending, said the distribution of 140 members of the House of Representatives of the branches of the Rafidain Bank, 135 members of the Rasheed Bank. On the other hand, Research and Finance Minister Baqer Jabr Al-Zubaydi with the Chargé d'affaires Lebanese financial consultant Nawaf effects between the two banks. According to the "morning" an official source at the Ministry of Finance He added that the two sides had agreed during their meeting in Baghdad yesterday to resolve all the obstacles to the work of banks in both countries to serve the interests of the two fraternal peoples. The source added that the Lebanese Chargé d'affaires expressed during the meeting expressed his thanks and gratitude to the position of the Iraqi government in support of the Lebanese people during the Israeli aggression.

Please excuse me for noticing, but 20 million dinars divided by 36 months equals 555,5555.55 dinars per month. If you divide that by 1474 dinars equaling 1 usd then figures to 376.90 per month usd to be repaid. If i dinar equals 1 dollar then you have them paying back 555K usd figure per month. They are only making 5K per month usd. Do the math, it doesn't seem to work out. :)

Maybe I am missing it somewhere but it seems as though they are saying no r/v at this point. :( Any comments?

worf

Just a thought but if the Parliment members make $5,000 US dollars a month, like someone stated in a previous post why would they need a 20 million dinar loan (about 14k US).

Originally Posted by sassy

Hey you guys i have a question! I have a friend in Phoenix Arizona that needs an address to a CHASE bank and a phone number if possible. She has tried one bank and they're are not dealing with the DINAR. THANKS, LISA

Sassy, I'm in Phoenix and purchased my dinar at the Chase Bank at 83rd Ave & T-Bird. I was told that you can purchase them at any Chase Bank. Yesterday when there was some confusion about a meeting and it was said that Chase would no longer exchange, I called the 83rd Ave/T-Bird branch
(623-878-2630)as well as a branch at 67th Ave & Peoria (602-589-3111). They both told me I could come in to purchase and there was a 48hour turn around.

Does this make any since?

20 million divided by 275 people = 72,727 each

72,727 divided by 36 months = 2020 dinar per month.

2020 X .00070 = $1.41 USD

hmmmmmmmmmmmmm

Originally Posted by MrsCK

Does this make any since?

20 million divided by 275 people = 72,727 each

72,727 divided by 36 months = 2020 dinar per month.

2020 X .00070 = $1.41 USD

hmmmmmmmmmmmmm

It's $20m EACH!!!

Originally Posted by MrsCK

Does this make any since?

20 million divided by 275 people = 72,727 each

72,727 divided by 36 months = 2020 dinar per month.

2020 X .00070 = $1.41 USD

hmmmmmmmmmmmmm

I may be wrong but I believe it said 20mil per person