Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

Originally Posted by Socata 850

Number of banks 13 -----
Auction price selling dinar / US $ 1258 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 36.750.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 36.750.000 -----
Total offers for selling (US $) ----- -----

Gooooooooooooooood Morning Rolclub


"The More They Take, The More We Make"
"Stay the Course, its the difference between Winners and whiners"



11.82 Trillion taken out and still the Party has not started


1. "0" Dinar rate change today, it was 1258, it is now 1258

2. A (net) worth of dinars, IQD - 46,231,500,000 pulled out of circulation today 6/17/07.

3. 13 banks participating today

4. 165th auction since the beginning of CBI's reval plan

5. 260 days into the CBI's reval plan. (Eight Months+)

6. 11,823,037,398,000 dinars pulled from circulation !!

6A. Conservative ESTIMATE of Dinars still in circulation or controlled by the CBI 5,176,962,602,000

7. "0" Dinars back into circulation today

8. 219 dinar change since Oct 1st (baseline was 1477) 14.827% increase in value of the dinar since beginning of reval plan (Approximatly Oct 1st).

9. 0 point reduction in the rate so far this week. Was at 1260 at the end of last week, 1258 so far this week.

10. 2 point drop in the month of June. Ended at 1260 in May, now stands at 1258.

Thanks DR for the update. I'll give you a call later today. Ten auction days left this month and only 178 million to top 12 Trillion. Of course this does not include monies taken out under our noses in 2006. If the Weekly status report dated June 13th can be believed, then inflation (core inflation) is at 2.8%, a number beyond anything I would have expected and credible support that the CBI has been reducing the base money supply as many of us have thought since November. When you combine the reduction of the monetary base with significant increases in GNP since last year (which furthers absorbs excess currency in an economy), then these low inflation numbers are possible. Since many know that I have always thought that debt and inflation were the the two killers of this investment, it appears that both of these issues may be becoming less important and a piece of history. Its all good for us. Thank You.

Just caught glimpse of CNN Headline News reporting that VietNam visiting Bush this week. "Expected to sign agreements to open to free trade with the USA." No other details, but will watch again next hour for same story. Could the Dong and the Dinar RV at same time of June 30th or July 1st?

Originally Posted by Wm.Knowles

Thanks DR for the update. I'll give you a call later today. Ten auction days left this month and only 178 million to top 12 Trillion. Of course this does not include monies taken out under our noses in 2006. If the Weekly status report dated June 13th can be believed, then inflation (core inflation) is at 2.8%, a number beyond anything I would have expected and credible support that the CBI has been reducing the base money supply as many of us have thought since November. When you combine the reduction of the monetary base with significant increases in GNP since last year (which furthers absorbs excess currency in an economy), then these low inflation numbers are possible. Since many know that I have always thought that debt and inflation were the the two killers of this investment, it appears that both of these issues may be becoming less important and a piece of history. Its all good for us. Thank You.

When you say core inflation, is that inclusive of transportation? If not, that would probably hike the figure Significantly! Concur with the remainder of your statement and thx. Looking for post HCL - pre ISX (live electronic for non-iraqis) bold R e V e rsion to former rate.

Originally Posted by ChiefWealth53

Just caught glimpse of CNN Headline News reporting that VietNam visiting Bush this week. "Expected to sign agreements to open to free trade with the USA." No other details, but will watch again next hour for same story. Could the Dong and the Dinar RV at same time of June 30th or July 1st?

Uh is this the dong thread or the dinar thread?

Ok there is apparantely a brand new news paper born today, put out by the Ministry of Trade "the Trade", now this article on that site seems familiar, not sure if it's old and they are rehashing from other articles, or if it's current.

Minister of trade confirms... The success of the Iraqi negotiator delegation with the World Trade Organization to answer on the organization's questions about the joining of Iraq...
Baghdad /

Dr. Abdul falah Hassan Al sudany Minister of Trade confirmed the success of the negotiations which made the Iraqi negotiation team with the World Trade Organization for the purpose of the joining of Iraq to the Organization and the success of the delegation to answer most questions which posed by the world organization on the commercial dealings and economic in the Iraq.

Al Sudany added that he met with the delegation of the world Organization and he presented explanation on the nature and the procedures which adopted by the Iraqi government in addition to the laws and the legislation which issued by the government, for the taxes purpose of economic and commercial in Iraq.
He added that the talks resulted in the full understanding of the International Organization for the economic measures being taken in Iraq for the purpose of organizing the economic and commercial work so as to contribute to Iraq's entry into the international organization which plans of global economic policy.
Al sudany pointed out that he presented explanation for every question put forward in the negotiations especially on the subjects of investment inside Iraq and petroleum projects as well as taxes (customs tariff) further explain the nature of the measures being taken to facilitate the process of the commercial exchange with the region and the world states in addition to the procedures adopted to get suppliers licenses exportation and importation to be decided by the ministry and established by a special law which was recorded (2000) companies since the fall of the regime to the end of the previous year and that means existence large flexibility in the registration of companies.

Pointing out that the exportation -importation procedures in Iraq under specific instructions, the role of the Ministry of Trade was to grant the licenses to give greater flexibility to the importer and exporter with regard to the health minister said that there are legislated laws on these subjects and on the procedures relating to intellectual property, trademarks and relevance with business.

Al sudany explained that there are many actions that could be taken with respect to intellectual property, trademarks, explaining that the government has law on intellectual property and patent, but we see it inappropriate to the laws of the World Trade Organization at the present time. Minister of Trade and the Iraqi negotiation team had met both Moroccan and Brazilian Ambassadors, the European Union and Egypt in the World Trade Organization and confirmed Iraq's desire to develop its economic and commercial relations as well as the importance of their contribution to reduction the barriers and obstacles in Iraq’s joining to the World Trade Organization , he spoke about the common desire to develop the economic and commercial cooperation and to enhance the economic ability of Iraq in the world organization .


Iraqi Ministry of Trade - News

Originally Posted by Pippyman

Uh is this the dong thread or the dinar thread?

:

You don't know where you are??!?!?! It was a relevant question/statement...


hunter

Originally Posted by Pippyman

Uh is this the dong thread or the dinar thread?

Some theorize that the Dong and Dinar will RV at the same time to prevent "double-dipping". Hence, it's relevance on the dinar thread.

الصناعيةThe extension of the filing period files industrial investment
- 16/06/2007Business and Economy-16/06/2007


برسBaghdad-file Press

.The Undersecretary of the Ministry of Industry and Minerals for development and investment Adel Karim that period for submission of the files investment already announced by the ministry was extended another 45 days to allow local investors and regional and international, and added that there was a good turnout by investors to buy investment pledges files for the purpose of identifying the technical aspects, identifying the end of next July date for the receipt of applications stopped, where will be the formation of an ad hoc committee of economists and administrators, professionals and regulators to sort files and study them and select the best offer, noting that after the completion of the tasks will be to remove the names of the companies which it is moored files investment to the Cabinet of the assignment.
ع. and is noteworthy that the Ministry of Industry and Minerals announced at the beginning of last April 12 to put a special file investment industry cement and iron and steel, petrochemicals, fertilizers, glass and car for the purpose of rehabilitation in the context of a comprehensive program of action prepared by the ministry for the rehabilitation and modernization of these labs in order to increase production capacity and the establishment of non-polluting industries of the environment while ensuring the rights of workers in those projects.




تمديد �ترة التقديم للمل�ات الاستثمارية الصناعية

database of investment in Missan بزنس واقتصاد - 17/06/2007Business and Economy-17/06/2007


برسMaysan-file Press

.Begins a joint committee of the Information Center in Maysan governorate and the investment in the province and a number of spe******ts prepared a guide contains information on investment in various sectors to form a clear picture to investors. وقال.The director of the Center for information that a series of meetings of the Joint Commission held with government departments and spe******ts in the fields of investment and economy to create a comprehensive vision and detailed information in various architectural and service sectors in the province, adding that this information and ideas codified in the form of evidence placed before investors in order to encourage them to invest in the governorate of Missan and provide a clear picture to them about investment opportunities successful.

قاعدة للبيانات الاستثمارية �ي ميسان

Originally Posted by ChiefWealth53

Some theorize that the Dong and Dinar will RV at the same time to prevent "double-dipping". Hence, it's relevance on the dinar thread.

Chief, maybe it is more of speculation that this could happen and not placed in the Dinar news thread. You also placed the same post in another thread and I think the TOS state no dual posting. Just to let you know.

Thanks