Thread: Iraq/Dinar News. Before Feb. 21, 2007

Originally Posted by Offshore-Wealth.com

Exactly,

What we are seeing is a very unique scenario which is unlike anywhere else in the world throughout history, so we have to expect that it will not follow reason in all comparisons, but the VZ comparison is interesting. We are going in the right direction on all points, so yes, it is only a matter of time, as in, it has to happen.

We have all seen how inept the parliament is as these positions were filled out of sectarian need, not intelligence, so we have to expect the delays we have seen as normal. The demand side for dinar clearly demonstrates stability and faith in currency, and this never existed in the history of Iraq, so think about that for a minute, we are in unchartered territory.

I like what I have been seeing and hearing, as it all adds up to progress, even if the rumors have not all come to pass yet, they will. We know from all the acccumulated articles that Iraq's may not be the smartest group in the middle east, but they are probably the most proud, and they all want to see the dinar restored to normal, this has been stated over and over, so in my final analysis, it would be restored whether we say stability or not, so everything I have seen and heard to date indicates we are closer than ever.

As to it being done, I do feel this is true based on all the other laws and agreements which were done, as in decided upon months before it was made public or confirmed. You just have to understand this is normal in Iraq, they decide on issue, then leak it, test response, analyze it, then make it official. We have all seen this over and over, so when I hear it is done, I take it to the bank, even if it is not completely decided or every detail is addressed, I still know it is done.

There will always be bickering and nit picking on some points, but we have never seen a decision shelved or left open for very long after being leaked, so with the street rate dictating value and demand, this too is one of the final tests of the currencies strength and stability which is what this is all about. We know the value will be restored, call it revalue or peg, makes no difference, you can not artificially hold down dinars value forever, and four years is enough, so we are close. Sure has been a fun filled journey and we have all been blesssed with a better understanding on international issues, so we are all winners in my opinion as it allows us to better appreciate what we do have, vs. what many do not. Hang in there, you will be glad you did. (g)

Good luck to all, Mike

Always have kept my feet on the Ground since meeting and listening to you. One thing for sure you use to say we I got involved was, "The Crazier it will get the Closer we Get". Man Mike, you knew this and oh so how true it is. Thanks Bro'.

Originally Posted by rvalreadydang

Trade Minister will meet with Undersecretary of the Ministry of Commerce American , and confirms that the Iraqi economy is heading toward a free market

وزير كات.He met with the Minister of Trade, Dr. Abdel Hassan black farmer I am with the Under-American Secretary of Commerce Frank Levin in a Rbil, on the sidelines of a forum of dialogue Iraqi-Ameri so for businessmen and companies.

ة .The focus of Mr. Krishan relations between the lateral n was on the security aspects previously but now begun row Hah new economic cooperation, which we think it pw I hope the task that would help to end the violence in Iraq and the elimination of unemployment.

المختلفة .He added that Iraq has enormous economic potential, K1 beer will enable him to return to the world economy and re-Might Agath with the outside world and that there is a government policy seriously his offer of the Iraqi economy open to the market free and give each the opportunity to invest in international companies different regions of the country.

وكان.The Levin Frank has stressed the desire of the American government in the visit the volume of trade exchange and economic cooperation with Iraq The contribution of American companies to invest in areas the country where there is the security aspect, , adding that the need for Iraq to build five thousand units Sec faith in addition to the development and application of modern system in Tsegaye l land and resolve disputes relating to property rights, the development of regulations for building and strengthening safety.

.He pointed out the need for Iraq to revive companies for uniforms birth of the opportunity to work and the promotion of the principles of accountability,'s transparent e and training managers on business practices and recognized in Sabbieh modern and strengthen the partnership between the public and private sector through joint ventures.
Translated version of http://www.sotaliraq.com/

Originally Posted by Offshore-Wealth.com

Exactly,

What we are seeing is a very unique scenario which is unlike anywhere else in the world throughout history, so we have to expect that it will not follow reason in all comparisons, but the VZ comparison is interesting. We are going in the right direction on all points, so yes, it is only a matter of time, as in, it has to happen.

We have all seen how inept the parliament is as these positions were filled out of sectarian need, not intelligence, so we have to expect the delays we have seen as normal. The demand side for dinar clearly demonstrates stability and faith in currency, and this never existed in the history of Iraq, so think about that for a minute, we are in unchartered territory.

I like what I have been seeing and hearing, as it all adds up to progress, even if the rumors have not all come to pass yet, they will. We know from all the acccumulated articles that Iraq's may not be the smartest group in the middle east, but they are probably the most proud, and they all want to see the dinar restored to normal, this has been stated over and over, so in my final analysis, it would be restored whether we say stability or not, so everything I have seen and heard to date indicates we are closer than ever.

As to it being done, I do feel this is true based on all the other laws and agreements which were done, as in decided upon months before it was made public or confirmed. You just have to understand this is normal in Iraq, they decide on issue, then leak it, test response, analyze it, then make it official. We have all seen this over and over, so when I hear it is done, I take it to the bank, even if it is not completely decided or every detail is addressed, I still know it is done.

There will always be bickering and nit picking on some points, but we have never seen a decision shelved or left open for very long after being leaked, so with the street rate dictating value and demand, this too is one of the final tests of the currencies strength and stability which is what this is all about. We know the value will be restored, call it revalue or peg, makes no difference, you can not artificially hold down dinars value forever, and four years is enough, so we are close. Sure has been a fun filled journey and we have all been blesssed with a better understanding on international issues, so we are all winners in my opinion as it allows us to better appreciate what we do have, vs. what many do not. Hang in there, you will be glad you did. (g)

Good luck to all, Mike

Very well stated and is indeed inspiring to hear these words.

Originally Posted by Offshore-Wealth.com

Exactly,

What we are seeing is a very unique scenario which is unlike anywhere else in the world throughout history, so we have to expect that it will not follow reason in all comparisons, but the VZ comparison is interesting. We are going in the right direction on all points, so yes, it is only a matter of time, as in, it has to happen.

We have all seen how inept the parliament is as these positions were filled out of sectarian need, not intelligence, so we have to expect the delays we have seen as normal. The demand side for dinar clearly demonstrates stability and faith in currency, and this never existed in the history of Iraq, so think about that for a minute, we are in unchartered territory.

I like what I have been seeing and hearing, as it all adds up to progress, even if the rumors have not all come to pass yet, they will. We know from all the acccumulated articles that Iraq's may not be the smartest group in the middle east, but they are probably the most proud, and they all want to see the dinar restored to normal, this has been stated over and over, so in my final analysis, it would be restored whether we say stability or not, so everything I have seen and heard to date indicates we are closer than ever.

As to it being done, I do feel this is true based on all the other laws and agreements which were done, as in decided upon months before it was made public or confirmed. You just have to understand this is normal in Iraq, they decide on issue, then leak it, test response, analyze it, then make it official. We have all seen this over and over, so when I hear it is done, I take it to the bank, even if it is not completely decided or every detail is addressed, I still know it is done.

There will always be bickering and nit picking on some points, but we have never seen a decision shelved or left open for very long after being leaked, so with the street rate dictating value and demand, this too is one of the final tests of the currencies strength and stability which is what this is all about. We know the value will be restored, call it revalue or peg, makes no difference, you can not artificially hold down dinars value forever, and four years is enough, so we are close. Sure has been a fun filled journey and we have all been blesssed with a better understanding on international issues, so we are all winners in my opinion as it allows us to better appreciate what we do have, vs. what many do not. Hang in there, you will be glad you did. (g)

Good luck to all, Mike

i concur.

Iraq Labor vs. ExxonMobil, BP and Shell

by Kathlyn Stone

A David and Goliath Story:
Iraq Labor vs. ExxonMobil, BP and Shell

According to British media, the US and UK governments are on track to achieve a March victory in Iraq. This victory will not be publicized nor will it mean an end to the occupation. (media black out)
Written by Bush and Blair's big oil business partners who serve as the leaders' advisors on foreign policy, the new Iraq hydrocarbon law opens the door for international investors, led by BP, Exxon and Shell, to siphon off 75 percent of Iraq oil wealth for 30 years. This economic model is called a "Production Sharing Agreement." But is a 75/25 split, with bloated oil companies taking 75 percent of the country's wealth and leaving just 25 percent for the devastated Iraqis, a sharing agreement or an armed robbery?

The law is currently under consideration in the Iraq Parliament, with deputy prime minister Salih, chair of the oil committee, carrying the legislation.

Iraq's unions, if not its occupied government, are standing firm against the oil law. With the oil sector representing 95 percent of the country's revenues, and with only 17 of Iraq's 80 known oil fields under production, much is at stake.


Iraq Labor vs. ExxonMobil, BP and Shell

Posted by: saleem on Thursday, February 22, 2007 - 03:51 PM

Iraq-Currency
Dollar demand declines for second day in row
Baghdad, Feb 22, (VOI) Dollar demand was lower on Thursday in the central bank daily auction for the second day running to reach $49.175 million compared to $73.620 million on Wednesday.
In its daily statement the bank said it covered all bids which were $20.975 million in cash and $28.200 million in foreign transfers at an exchange rate of 1,282 dinars per dollar, unchanged from yesterday.
Fifteen banks participated in Thursday’s auction and none offered to sell dollar.
Ali al-Yaseri, a trader at the auction, told VOI "the stable exchange rate on Thursday's auction would lead to a higher demand for dollar and to lower transfers."
The Iraqi Central Bank runs a daily auction for selling dollar on Sunday through Thursday.
SH

Originally Posted by shotgunsusie

i concur.

i agree its done it just going to take alittle time more weve waited this long whats a few more days

Posted by: saleem on Thursday, February 22, 2007 - 02:09 PM

British-Maliki
British troops cut plan made in coordination with Iraqi government-statement
Baghdad, Feb 22, (VOI) – Iraq's Prime Minister Nouri al-Maliki said on Thursday that the British troops cut plan in Basra, which was announced by the British Prime Minister Tony Blair on Wednesday, was taken in consultation with the Iraqi government.
"The increasing capabilities of the Iraqi forces came in harmony with the trend of the Iraqi government to take over security responsibility in the southern city" , Maliki's office said in a statement received by the independent news agency Voices of Iraq (VOI).
"The British troops help is still badly needed for training the Iraqi forces to make them able and qualified to take over security file in Basra", the Prime Minister added in the statement.
"The government is highly appreciating efforts exerted by the British troops in toppling Saddam Hussein's regime and settling security and stability in Iraq", he noted.
The British forces in Iraq will hand over three bases in Basra to the Iraqi forces within the framework of their redeployment plan in the southern Iraqi city, a statement of the Multi-National forces in southeastern Iraq said earlier on Thursday.
The Multi-National forces asserted in the statement that British Prime Minister Tony Blair's recent statement meant the redeployment of forces not the official hand over of the city of Basra, it added.
"The hand over would require a joint decision by the Iraqi and British governments", according to the statement received by the independent news agency Voices of Iraq (VOI).
"The 7,100 serving troops would be cut to 5,500 with most of the remaining troops will be stationed in the former President Saddam Hussein's palaces in central Basra" said another statement of the media office of the Multi-National late Wednesday.
"The British forces will stay in Basra International Airport to help the Iraqi forces there", the statement added.
British Prime Minister Tony Blair had confirmed that 1,600 British troops will return from Iraq within the next few months.
Blair told MPs the 7,100 serving troops would be cut to 5,500 shortly, with hopes that another 500 could leave by the end of summer.
He said some soldiers would remain into 2008, helping secure supply routes and borders and to support Iraqis.
Basra remained a "dangerous" place, said Blair and added that Iraqis would "write the next chapter" in its history.
Blair said the troop reduction followed the success of Operation Sinbad to allow Iraqis to take the lead in frontline security in Basra.
He acknowledged that Basra was still "difficult and sometimes dangerous", but he said levels of murder and kidnappings had dropped and reconstruction was under way.
"The problems remain formidable," he said.
"What all of this means is not that Basra is how we want it to be but the next chapter in Basra's history can be written by the Iraqis."
He said that it was important to show the Iraqis that Britain - and the other Multi-National force members - did not intend their forces to stay longer than necessary, the BBC reported.
Liberal Democrat leader Sir Menzies Campbell said a reduction in British forces in Iraq was to be welcomed.
"But I still believe that our presence exacerbates the security situation and we should have a target for the withdrawal of all British troops by the end of October this year," he said.
The 7,100-soldier are stationing in the southern Iraqi city Basra.
A total of 132 British Armed Forces personnel have died serving in Iraq since March 2003 invasion according to British official count.

Posted by: saleem on Thursday, February 22, 2007 - 01:59 PM

Iraq-Factories
Industry Ministry not establish more factories - minister
Duhuk, Feb 22, (VOI) – The Iraqi Industry and Minerals Minister Fawzi al-Hariri said on Thursday that the ministry would not establish any factory in the country anymore and would encourage private sector to start industrial projects.
The minister, who paid a visit to Duhuk province accompanied by a high-level delegation, stated that the ministry would no longer set up any industrial plant in Iraq, highlighting that it would concentrate only in providing the industrial projects by the private sector with consultations.
"The ministry will help Kurdistan region through geological and industrial surveying", the minister noted.
He underlined that an office representing the ministry would be opened in Arbil to undertake this mission.
Responding on the absence of the investment projects in Duhuk, al-Hariri said there are scores of investors from gulf states and in Europe who have showed interested in investing in Iraq's Kurdistan region, however the lack of the ability to show the investment opportunities in the region makes them more hesitant in investing their money.
"Encouraging the private sector all over Iraq is the main focus of the Industry Ministry in the upcoming stage as it will concentrate only in presenting consultative services", Fawzi al-Hariri added.
Duhuk is the third province within Iraq's Kurdistan region. It is in the far north of Iraq on borders with Turkey.
Iraq' parliament passed in late 2006 a law that would allow Iraqis and foreigners to invest in various kinds of projects throughout Iraq. It also set to debate another draft law that would give authorization to oil ministry for the adoption of oil sharing production principle.

Originally Posted by archangel

Iraq Labor vs. ExxonMobil, BP and Shell

by Kathlyn Stone

A David and Goliath Story:
Iraq Labor vs. ExxonMobil, BP and Shell

According to British media, the US and UK governments are on track to achieve a March victory in Iraq. This victory will not be publicized nor will it mean an end to the occupation. (media black out)
Written by Bush and Blair's big oil business partners who serve as the leaders' advisors on foreign policy, the new Iraq hydrocarbon law opens the door for international investors, led by BP, Exxon and Shell, to siphon off 75 percent of Iraq oil wealth for 30 years. This economic model is called a "Production Sharing Agreement." But is a 75/25 split, with bloated oil companies taking 75 percent of the country's wealth and leaving just 25 percent for the devastated Iraqis, a sharing agreement or an armed robbery?

The law is currently under consideration in the Iraq Parliament, with deputy prime minister Salih, chair of the oil committee, carrying the legislation.

Iraq's unions, if not its occupied government, are standing firm against the oil law. With the oil sector representing 95 percent of the country's revenues, and with only 17 of Iraq's 80 known oil fields under production, much is at stake.


Iraq Labor vs. ExxonMobil, BP and Shell

The author completely twisted the premise of the law, stating 75% of the income will go to the OC, and for 30 years! LIE. They will only get 75% till they recoup their investment costs, which at full production will take nowhere near that.