Thread: Iraq/Dinar News up until March 28th 8PM CT.

1209--Again!!


!tooW

My guess is 1269-70 for tomorrow's auction.

Originally Posted by Pippyman

It was the Iraqi police that detonated the bomb....

I know, that's what makes it even more ridiculous.

http://www.rolclub.com/iraqi-dinar-d...ts-listen.html

Originally Posted by Inscrutable

1209--Again!!


!tooW

My guess is 1269-70 for tomorrow's auction.

Since the CBI said they're keeping the rate at the current level until the 25th... i'm gonna guess no change @ 1277.

Originally Posted by webinvestor

Since the CBI said they're keeping the rate at the current level until the 25th... i'm gonna guess no change @ 1277.

I tend to agree.
Leann

US surge unlikely to last into 2008-Iraq minister
21 Mar 2007 20:01:18 GMT
Source: Reuters

LONDON, March 21 (Reuters) - The U.S. "surge" of troops to impose security in Baghdad could last for months but is unlikely to extend into 2008, Iraq's defence minister Abdel Qader Jassim said on Wednesday.

Washington is sending 21,500 additional troops to Iraq, plus support troops, mainly to impose security in the capital as part of a Baghdad security plan.

Asked during a visit to London if the U.S. surge would continue through the summer, Jassim told Reuters in English: "Maybe. What will be will depend on the Baghdad situation."

Asked if the surge could continue into next year, he said: "I don't think so."

Previous attempts to impose security in the capital foundered in part because Iraq failed to provide as many of its own troops as promised.

Jassim said two Iraqi brigades of 4,000-5,000 troops each had arrived in Baghdad and nearby Diyala province as part of the plan and two more will arrive in the next week or two.

The security plan has so far succeeded in reducing killings by sectarian death squads and criminal gangs, Jassim told an earlier press conference. He vowed that the Iraqi army would continue the crackdown after the Americans had gone.

"The Iraqi army and the Baghdad security plan are going to be a permanent feature," he said through an interpreter.

http://www.alertnet.org/thenews/newsdesk/L21669946.htm

Iraqi Stock Exchange is preparing to join the International Federation of Stock Exchanges
Source : file Presse-21 / 03 / 2007

It is expected that the market for Iraq securities important developments during the coming period, where it is hoped accession to the International Federation of Stock Exchanges, as well as the updated rules and procedures for the circulation of non-Iraqi Arabs and foreigners, after the government agreed to, and empowered stakeholders preparing special instructions in this regard, as The market continued to take measures to complete the project of electronic transaction and central depository, including means to achieve the level of connectivity with Arab and international stock exchanges and mutual investment guarantee and equity trading.

This was emphasized by the Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam, explaining that participated in the Iraqi Stock Exchange earlier this year in the establishment of the Union of Arab Stock Exchanges across the Iraqi securities, and market accession to the Union of Asian bourses were early last year, and that stage training in the use of the electronic trading system has been completed, and is continually being installed devices and equipment for the direct application of this system and transfer files investors of companies contributing to the deposit, which will help in dealing with everyday problems of the work of the Stock Exchange, and more rapid turnover of shares, as well as to encourage investors training and moving to electronic trading and accept the inclusion of new companies in the market, as well as the expansion of the investment signing of the agreement with the concerned bodies in Cordstan to open the hall to circulate securities, there are electronically connected with the market in Baghdad, Iraq, as well as the study of a similar step for the opening of the circulation in Basra.

And is noteworthy that the Iraq market for securities implemented during 2006 last 93 meetings circulation rate of two per week, during which the circulation of 58 billion shares worth 146 billion dinars.

Baghdad Stock Exchange is preparing to welcome foreign investors
Source : Dar Al-Hayat-21 / 03 / 2007

The mediators are studying new measures tomorrow

50 examines the mediator in the Iraq market for securities tomorrow in the measures and instructions for activating the resolution, which allows non-Iraqis circulation in shares and bonds on the Stock Exchange of Iraq, and the requirements of the start of work whereby investors amid expectations of a significant shifts, the most important high-yield positive in relation to investment in general, and to raise the level of stock prices and volume Transactions on the stock market in particular.

I hope the President of Trustees of the Stock Exchange Iraqi Tabatabai asked to bring the resolution to activate the economic advancement of the broad door, which according to data reinforced the investment objectives of this resolution on the development of investment and expand his base in Iraq>. He emphasized that investors Arabs and foreigners <sent letters to companies and the offices of the Iraqi mediation of the 50, seeking clarification on the method of investment in the sector shares and the circulation via the Stock Exchange, according to allow the decision of the Iraqi government to this effect>.

The Association of Securities in Iraq required the disclosure of brokerage companies on the Stock Exchange approved Iraqi and offices on the web site of the Iraq market, and equally, to include their e-mail addresses and capital and telephone numbers, and an overview of the company and the volume of transactions achieved in the last two years, and balancing the company and the name of the managing director.

It also included an invitation by the mediator to check the personal investor-Iraqi request documents through electronic image, to support the later is certified by the embassy of Iraq in the country of the investor and any governmental organization. They pointed out that the papers are required ID card and passport force and the leave of incorporation signed by the issuer and the Iraqi embassy or the Iraqi authorities.

Al <life> Stock Exchange that the Iraqi delegation will be buying and selling in Arabic and English, included the No. issue and other necessary information, with the possibility of extradition powers by e-mail or agent of the investor or any other means, to be borne by the mediator responsible for the purchase and sale by its relationship with investors, guarantees and trust between the two.

Licensed and procedures issued by the securities of investor-Iraqi and non-existent in Iraq, the appointment of an agent to follow up its affairs and received certificates, while the intermediary may receive any cash from the investor or a non-Iraqi lawyer, and may not sell cash payment, but must be carried out operations across the Bank syndicated in Iraq and the Iraqi dinar, to pay amounts sale of the bank through the berm, and place the financial settlements by the time prescribed in the instructions for circulation to the seller.

Originally Posted by Onenomad

Hmmm I hope there is more to this I ordered mine through them ages ago no problem like someone posted maybe things going on behind the scenes I hope it works out for her please keep us posted (kinda good though if dinars are drying up but yes agree 100% they should not have completed the order if they didn't have any) Best of luck look forward to updates

I bought my last dinars in September last year and vowed NOT to buy anymore that was until Monday. I bought another quarter mil. Couldn't resist it and I am now a dinar millionaire. LOL. I bought from e-bay but an Aussie guy. Brand new 25000 notes, FREE delivery and a 500 dinar bonus note, all for $299AUD which is about $240USD. I received them this morning. I didn't have to worry about customs or conversions and I was happy with the price. I hereby declare that I will NOT purchase anymore dinar! I think I need to go into rehab in the Caymans! LOL.

Iraq promises favorable terms to draw foreign investment
People's Daily Online - [22/03/2007]


Visiting Iraqi Deputy Planning Minister Faik Abdul Rasool said on Wednesday foreign investors in Iraq would be exempted from all taxes and customs for 10 or 15 years on the condition that they have Iraqi shareholders.

Rasool made the remarks at the Turkish-Iraqi Business Council meeting in Istanbul, Turkey's largest city, noting that the privilege would be applicable to foreign investors in all sectors except those of oil, banking and insurance, Turkey's semi-official Anatolia news agency reported.

Iraq is open to foreign investors, especially in such fields of infrastructure, Rasool said, noting that the country needs 18 billion U.S. dollars for infrastructure for the next 5 years as 1. 5 million houses are to be built in the war-torn country.

A National Investment Commission, which is directly connected with the Prime Ministry was newly established to facilitate a rapid and effective decision-making process so that all procedures can be completed within 4-5 days, Rasool said.

Trade relation between Turkey and Iraq still has great room for improvement, as bilateral trade volume dropped from 7 billion dollars in 2004 to 2.8 billion in 2006, the report quoted Turkish- Iraqi Business Council Deputy Chairman Mehmet Habbab as saying.

http://www.iraqdirectory.com/DisplayNews.aspx?id=3463