Thread: My Turn With My Source. {Friend}

Originally Posted by neno

I have deleted this 4 times as I didn't want to post it. I got a email from my friend. He has informed me that Iraq wants to meet 1100:1 by July. I am sorry for posting this, but I must be honest, as this is what he sent me.

Said it was and has been revealed that this was a target also. I have a hard time with it after all that is out and is in the makings. Maybe OSW is right?????The closer we get the Crazier it Gets.

I have sent a few questions back regarding the ISX and a couple other things. Remeber this is his info, could be wrong, and I trully hope so...

I will unlock the thread aslong as it stays on Topic. Thanks-neno

Neno, Is this the same friend that said 1:1 in June??

Originally Posted by Radical Ride

Neno, Is this the same friend that said 1:1 in June??

Aslong as Stabillity and Security was intact. You can go back and read that all the way thru this thread, when posting info from him.

Originally Posted by neno

Aslong as Stabillity and Security was intact. You can go back and read that all the way thru this thread, when posting info from him.

HMMMMMM, AHHHHHH, HUMMMMMM, OOOOOOO.......what exactly does intact mean, lol i don't ever see iraq being totally secure, i think now is about as intact as it has been......NOW RV ALREADY DANG IT!!

Originally Posted by rvalreadydang

HMMMMMM, AHHHHHH, HUMMMMMM, OOOOOOO.......what exactly does intact mean, lol i don't ever see iraq being totally secure, i think now is about as intact as it has been......NOW RV ALREADY DANG IT!!

This article is from late January, I have no link, just copied
it to notepad when I saw it. "Smokescreen?"


The salary increases are calculated from this month
The dollar at 1260 dinars this year and drop to one thousand dinars soon.

Baghdad-Sabah
The Egyptian Minister of Finance that the 2007 budget had been lifted support for oil derivatives, and confirmed that his ministry had decided to work under a new salary from this month has allocated the funds required, but the House did not approve a plan of implementation so far, pointing out that the value of the Iraqi dinar against the dollar, will be at 1260 dinars for this year with a fiscal policy for the Iraqi dinar to normal.

Originally Posted by rvalreadydang

HMMMMMM, AHHHHHH, HUMMMMMM, OOOOOOO.......what exactly does intact mean, lol i don't ever see iraq being totally secure, i think now is about as intact as it has been......NOW RV ALREADY DANG IT!!

Good Call! The only way they fixed the security situation after the end of World War 2 was to RV! They had resistance groups fightinng the Allied occupation! Although car bombs were not the rage back then! They also did not have tons and tons of oil and gas! Remember The Marshall Plan or Iraqs version "International Compaq of Iraq" was designed to fix countries economic climate by eliminating insurgency!

This is also from Jan. 2007 and does mention the security
situation and the raising of the Dinar. Also mentions debt relief.


The banking and business community to show considerable interest in the proposal equality dinar dollar

Finance Minister announced the Iraqi statement Zubaidi, «that the ministry and the Central Bank are considering a proposal to lift the value of the Iraqi dinar, and return to normal».

And Heymann told the minister to the concerns of the banking and business community, as well as citizens, fear of the Iraqi market due to the pressure of the implications of such a measure might lead to some sort of instability in trade exchanges, in estimating the value of the dinar exchange rate of foreign currencies, including the dollar.

He described the High Director of the Bank of Credit Iraqi Fuad bono statement by the Minister of Finance «very important», on the one hand the equality of the dinar dollar, pointing out «that is pleasant to the hearts of Iraqis, who are looking to restore the strength of the Iraqi currency, as it was before the 1990s of the last century, he wondered whether the national economy in its current capable of the transition to equal dinar dollar»?

Bono, however, has often including the Minister Zubaidi on the support and backing of the World Bank proposed this, and said : «The current study data make it wait to give a definitive opinion on the subject. The Director of the Bank of High Assyrian International Investment Zuhair Al-Hafiz, «Zubaidi minister that the proposal needs to pause and carefully take into account the implications of the security situation on the Iraqi economy, which make it unable to absorb any defects that might affect the business dealings in the absence of a proposal under advisement.

He asked Acting Director of the Bank for International Investment Basra Badi intellectual : «Is the international debt reduction for Iraq and the increase in liquidity resulting from the rise in oil prices, enough to take such a decision, such as»?

He added, «What is important in this connection to take into account a study that may result from the decision of equality dinar dollar, the repercussions on the local commercial transactions, and how to avoid any disruption to transfers of traders and banks.


lewscrew

neno-get diff friends w/better news.

neno's other friend called him the other day, but all he said was..."i just saved a bunch of money on my car insurance". yea, it was good news, but...........

Originally Posted by deepfreeze

neno's other friend called him the other day, but all he said was..."i just saved a bunch of money on my car insurance". yea, it was good news, but...........

India oil companies to clear Iraq's new law for exploration
New Delhi, May 25, IRNA

India-Iraq-Oil
Visiting Iraqi oil Minister Friday said the oil fields awarded by the previous Saddam Hussein regime to Indian companies will have to clear the new law that the oil rich nation plans to pass in two months.

"We do want Indian entities to explore in our country. Iraqi government is, however, passing a new law and all contracts or oil field awarded previously will have to be vetted under the new law," Iraq Oil Minister Hussein al-Shahristani told reporters after meeting Prime Minister Manmohan Singh here.

India is keen on starting work on onshore block 8, that was awarded to ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), by the deposed Saddam Hussein regime.

It also wants the US-back government in Iraq to honour award of Tuba oilfield to a consortium of OVL, Reliance Industries and Sonatrach of Algeria.

The consortium was shortlisted by the Saddam Hussein regime before the US invasion of Iraq.

Iraqi minister said the law has been passed by the cabinet and it would now go to parliament for approval, which would take a couple of months.

Iraq, which holds world's second largest oil reserve, is keen on Indian companies building new refineries and revamping old ones, he said.

Baghdad has invited Indian companies to build two refineries in Kirkuk and Missan each with a capacity of 100,000 barrels per day.