Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Thanks pips.

What is that supposed to mean?

Originally Posted by tiffany

Don't worry! It takes an AWEFUL lot to ruffle those two's feathers!

I find it very hard to believe no one here is jumping for joy and wootin.

I'll highlight the good part so you don't miss it.

And BTW this is the first time I've seen the other side "peeing in their pants" about an RV.

Originally Posted by pipshurricane

Translation:

--------------------------------------------------------------------------------

Here it is:

Press conference from The Central Bank Of Iraq re-inflation & financial politics

The Central Bank Of Iraq is continuing since Autumn of 2006 its financial politics to lower inflation and encourage the retail power for the Iraqi dinar. This type of politics will help financial stability and will hasten economical growth and helps its continuation. Two main signs have been taken on by this finacial policy to help reach its goals: To raise the change value of the Iraqi Dinar and to increase the interest rate of the Central Bank of Iraq.
The Central Bank of Iraq has assured that its activities in fulfilling its policy will take few months until there is an evidence in the direction of the inflation and its routes. There will be consideration to the conditions of pricing which get affected by temporary activities which happen every now and then and which result in increasing inflation specially caused by the flactuation of prices of fuel,transportation & communication, in addtion to the changeable of normal divisions in some of the sectors in the economics of Iraq.
It should not be ignored that the main inflation has shown some positive signs due the direct and indirect
causes in the main application of activities within the frame of the current economical policy.
The Central Bank of Iraq will work hard to lower inflation and face its directions and its causes to raise the value of the Iraqi dinar and its interest rate, until such a time when inflation will take its route downwards
which will help the whole economical stability and maintain the general growth of the economics of Iraqi.

The Central Bank of Iraq
Baghdad
March 11,2007
http://www.cbiraq.org/News_cbi2.pdf

WOOOOOOOOOOOOOOOOTTTTTTTTYYYYYY WOOOOOOTT!

nOW WE JUST NEED TO FIND OUT WHAT THE NEW CBI POLICY IS!

the cbi site is up ... like a set of knickers on an intimacy consultant on a slow evening....

Originally Posted by stargate-sg13

I find it very hard to believe no one here is jumping for joy and wootin.

I'll highlight the good part so you don't miss it.

And BTW this is the first time I've seen the other side "peeing in their pants" about an RV.

Stargate,

You beat me to it. I was going to highlight the same area. Maybe I will give a WOOOOOOOOOOT myself.

Where is everybody here?

1. Planes full of dinars are flying to the smaller banks
2. ..."Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions.
3. The CBI updates reassuring the dinar will go up /implement the new policy - which we do not know what will be so far - but I am sure we'll find out tomorrow
4. Trading not happening until tomorrow ( 3/12)

Something is cooking and no one is here????

Shame on ya!!
I am going home too.

Okay, I see the ones that are here!! LOL

Originally Posted by stargate-sg13

I find it very hard to believe no one here is jumping for joy and wootin.

I'll highlight the good part so you don't miss it.

And BTW this is the first time I've seen the other side "peeing in their pants" about an RV.

The application of the new investment law and the formation of a national body for investment, a body representing regions اThe law exempts projects Arab and foreign countries from duties and taxes

The new investment law entered into force actively after the announcement of the formation of the National Authority for Investment, which will be responsible for investment policy and regulation and control application. The high-ranking source in the Ministry of Finance that the purpose of the body is to be responsible for all investment projects of strategic nature federal exclusively, as there will be regional and provincial bodies, which will also be responsible for investment planning and the granting of leave to invest in their regions. It runs the National Council consists of nine members with expertise and competence to be nominated by the President of the Council of Ministers for a period of five years. It is the right of the House impeachment of the President and Vice directly at the request of the Prime Minister. And the objectives of the law to achieve them, particularly after work began a few days ago, between the source it was based on achieving a number of objectives, the most important investment promotion and transfer of modern technologies to contribute to the development of the Iraqi economy, and also promote Iraqi private sector and foreign investment in Iraq through securing the necessary facilities for the establishment of enterprises and enhance the competitiveness, as well as the development of human resources according to market requirements and providing job opportunities for the unemployed. Add to this that the law carried in some of its instructions relating to the protection of human and property investors and the expansion of exports, balance of payments and trade balance Iraqi. And what Iraq submitted to the foreign investor and the Arab facilities emphasized that the law grants all the projects presented by Arab and foreign concessions and guarantees will continue and develop and granted tax exemptions The charges, in body will be responsible for identifying the most important sector and the preparation of the road projects in the light of the information provided by the provincial and district bodies and organized lists of investors can obtain. As for the possibility oppose draft regions with the federal laws, he emphasized that the law dealt with the matter. given to the provinces, including the human right to form bodies within the regions and that is, in coordination with the FBI regarding the plans and facilities investment should not be instructed regions and the investment plans and policies inconsistent with the policies of the Center. Turning to the law also limits the capital of these projects has been given the power to accept applications for leave to projects that are less capital than the the minimum determined by the Council of Ministers, the Council of Ministers of the region and also should be an approval of these bodies before being allowed by the draft is capitalized more than $ 250 million in the project, alternatively, in the event of approval of taxes and duties for a period of ten years from the date of commencement of commercial operation. I give to the Council of Ministers and in this regard Ti deda right to propose draft laws for the extension of or the granting of exemptions in addition to the above exemptions, and also to provide incentives and guarantees or other concessions to any project or sector or region and in accordance with the nature of the activity, its geographical location and the extent of its contribution to the operation of manpower requirements and considerations of national interest, as permitted by law to increase the number of Sunni exemption taxes and fees of up to fifteen years. and on machinery and equipment imported for the project between the source, he was exempt assets imported for the purposes of an investment project of the charges to be introduced during the three years of giving holiday. الAlso exempted these same paragraphs in the event of expansion or increase energy design and also given the same time as exempt imported spare parts that do not exceed the values of 20% of the value of the purchase of assets

Translated version of http://www.almowaten.com/economy.html

Originally Posted by Jola

Where is everybody here?

1. Planes full of dinars are flying to the smaller banks
2. ..."Abdul-Razzaq al-Abaiji, an economist, told VOI "the decline in today's demand for the dollar was due to the expectation that a new policy will be adopted by the Central Bank to raise the dollar exchange rate in upcoming sessions.
3. The CBI updates reassuring the dinar will go up /implement the new policy - which we do not know what will be so far - but I am sure we'll find out tomorrow
4. Trading not happening until tomorrow ( 3/12)

Something is cooking and no one is here????

Shame on ya!!
I am going home too.

Okay, I see the ones that are here!! LOL

Excellent and Accurate summary!!