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

Originally Posted by bob1940

why would some people sell thier dinar NOW? there is no profit to mention In selling now? wesee a little good happening and all of a sudden the good news turns to bad. at least the dinar is moving in the right direction-----SLOW, But moving Who knows what tomorrow will bring? Hang in there People, hang in there.

Originally Posted by bob1940

why would some people sell thier dinar NOW? there is no profit to mention In selling now? wesee a little good happening and all of a sudden the good news turns to bad. at least the dinar is moving in the right direction-----SLOW, But moving Who knows what tomorrow will bring? Hang in there People, hang in there.

To true, tomorrow is only a day a way! As Annie in the musical would say... Now I would like to hear "today, today is the day!" I know it's coming!

Originally Posted by PAn8tv

President Talabani will be three files Iraqi mission at the top
(Voice of Iraq) - 26-03-2007
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President Talabani will be three files Iraqi mission at the top of Riyadh


Listening Central : gaining the participation of President Talabani in Riyadh Summit of exceptional importance, carrying in his bag three sensitive portfolios contribute stabilization of the situation in Iraq and ensure Arab support for the efforts of the government to do so. The observers speculate that the Iraqi diplomacy will enter through the station, a new test of the effectiveness and success of the gains achieved after the other during much of the Baghdad International few weeks ago. The sources said that the files, which would be presented by President Talabani on the Arab leaders during the summit Riyadh will support a plan to impose law and checking the borders with Iraq and debt, reparations and the swift opening of embassies and consulates of Arab and Arab backing to the government of al-Maliki.

Part of the newspaper "Akadh" Saudi Arabia, citing its own sources that Iraqi President Jalal Talabani, head of the Iraqi delegation to the Arab summit to be held in Riyadh next week is expected to be one of the Iraqi file, the files will be the main detailed discussions in closed meetings for the summit and the meetings he will hold on the Arab leaders sidelines of the Arab summit in order to restore security and stability to Iraq and preserve its unity and territorial integrity, stability and put an end to the violence and massacres, the bloodshed in Iraq.
The sources said that the Arab leaders will discuss ways of restoring security and stability in Iraq and to prevent the further direction of the turbulence that will have catastrophic effects on the entire region. Al "Akadh" that the Arab leaders will be identified by a call for all Iraqis to move away from the ethnic and sectarian divisions, not sliding towards civil war because of its negative impact on the neighbors, the whole world. The Iraqi Foreign Minister Hoshyar Zbiari Riyadh Arab summit that would give priority to the Iraqi file in the light of ongoing developments on the Iraqi arena and the importance of strengthening the Arab role to find a solution to the Iraqi crisis.
He said in press statements that the hopes and aspirations of the Iraqi people centered on the summit held in Riyadh as important and sensitive conditions of the Arab nation and requires concentration of efforts for the restoration of the Arab rights and exit decisions in the interests of the Arab peoples. He added that it is certain that the Iraqi file and strongly present in the table top to the other files where it is hoped to come up with stresses the importance of the unity, independence and territorial integrity of Iraq and supporting Iraq's political and contribute to the reconstruction of Iraq. He explained that the Arab nation Zbiari going through a sensitive and dangerous require a long-term strategy as it is certain that the Saudi leadership of the Custodian of the Two Holy Mosques, King Abdullah bin Abdul Aziz will make the work of the summit with leaders of Arab countries and the summit will go further strengthen solidarity and joint Arab action.
For his part, Dr. Mohsen Abdul Hamid Consultation Council Chairman leaders of the Iraqi Islamic Party, the Arab countries need to stand by Iraq in dangerous conditions experienced by explaining that the Iraqi people look forward to the contribution of Arab States in the reconstruction of Iraq and the daily bloodshed, saying that Iraq is at a sensitive, and it is a part the Arab nation must Aitrk to Iraq alone to become vulnerable to enticements international summit called by Iraq to its Arab and stop foreign interventions that contribute to undermine stability and security in it.
For his part, Dr. Fouad Massoum head of the Kurdistan Alliance that the Iraqi people expect political support for the political process and contribute to the reconstruction of Iraq.
Dr. Adnan Al Dulaimi, a member of the Iraqi Accord, said that the Iraqi people demands the Arab summit to stop foreign interventions and to contribute to the reconstruction of Iraq and the return of Iraq to its Arab and preserve the unity and sovereignty.

Originally Posted by buddy54

I remeber a while back somenone posted about some bank i don't know where they would take dinar for a loan if someone knows pm me thanx

Interesting,

I would doubt this was true since banks only deal with hard assets to secure a loan, as in, a U.S. bank account, or stock account, as example. Since they are not set up to hold dinar currency, as in an account, there would be no way for the bank to hold it as security. Never heard of a U.S. bank holding foreign currency to secure a loan, but if it were on FOREX, then it may be able to be done by holding your electronic currency, something banks understand.

Good luck to all, Mike

Originally Posted by shotgunsusie

LOL i need new glasses, i thought for a second your sig said mislplaced "turd" heehee

some headlines without stories from nahrain

Combustion credit market in the Kadhimiya came as a result of the illumination of an American last Wednesday
تخصيص 81مليار دينار لميزانية محافظة الديوانيةThe allocation of 81 billion dinars to the budget Diwaniyah province

التربية تنفي طباعة الكتب بالمطابع العراقية حصراEducation denies the printing of books by printing Iraqi exclusively

رسالة من برزاني الى المالكي بشان كركوكA letter from Barzani to Maliki on Kirkuk

المالية ترفع نسب الفائدة على القروض والسلفFinancial raise interest rates on loans and advances.
اجراءات امنية مشددة في الكرخ الشهر المقبلStrict security measures in the Karkh next month

مداهمات ومواجهات مسلحة شمالي البصرةThe raids and armed clashes in northern Basra

Translated version of http://www.nahrain.com/

READ PEOPLE YOU MUST BUY DINAR FIRST TO PURCHASE THERE STOCKS.THIS MEANS BOOOOOM TO IRAQ DINAR




Baghdad stock exchange welcoming foreign investors

50 mediators in the Iraqi market for securities are examining the measures and instructions for activating the resolution, which allows non-Iraqis to circulate shares and bonds on the Stock Exchange of Iraq, and the requirements of starting the work by it, amid investors’ expectations of significant shifts; the most important of which are the positive high returns in relation to investment in general, and the raise of the level of stock prices and transactions volume on the stock market in particular.

Head of Iraqi Bourse Trustees, Talib Tabatabai, hoped that “activating this resolution will achieve economic advancement, the development of investment and expanding its base in Iraq”. He emphasized that Arabs and foreigner investors “sent letters to companies and offices of the Iraqi mediation which are 50, seeking clarification on the method of investment in the shares sector and the mechanism of circulating them via the Bourse, according to the decision issued by the Iraqi government in this concern”.

The Association of Securities in Iraq required the disclosure of brokerage companies approved by Iraqi Bourse and their offices on the web site of the Iraq market, and equally, including their e-mail addresses, their capitals, telephone numbers, a brief on the company and the volume of transactions achieved in the last two years, as well as the company’s balance and the name of its managing director.

The Association also required that the mediator must check the identification of the non-Iraqi investor by requesting documents through electronic image, to be supported later by a certified copy from the embassy of Iraq in the country of the investor and any governmental organization. It pointed out that the required papers are: ID card, valid passport, the contract and license of incorporation signed by the issuer and the Iraqi embassy or the concerned Iraqi authority.

The Iraqi Bourse will dispose the buying and selling authorization in Arabic and English, including the No. of issue and other necessary information, with the possibility of delivering the authorization by e-mail or agent of the investor or any other means, on condition that the mediator will be responsible for the purchase and sale according to his relationship with the investor and to the guarantees and trust between the two.

The procedures issued by the Iraqi Association of Securities licensed the non-Iraqi investor who is not in Iraq, the appointment of an agent to follow up his affairs and receive his certificates, while the intermediary can not receive any cash from the non-Iraqi investor or his agent, and may not pay the sell cash; such operations must be carried out through a licensed bank in Iraq and in Iraqi dinar, and place the financial settlements by the time prescribed in the instructions for circulation to the seller.
Source: Iraq directory

Originally Posted by DANNYDINAR

READ PEOPLE YOU MUST BUY DINAR FIRST TO PURCHASE THERE STOCKS.THIS MEANS BOOOOOM TO IRAQ DINAR

Baghdad stock exchange welcoming foreign investors

The procedures issued by the Iraqi Association of Securities licensed the non-Iraqi investor who is not in Iraq, the appointment of an agent to follow up his affairs and receive his certificates, while the intermediary can not receive any cash from the non-Iraqi investor or his agent, and may not pay the sell cash; such operations must be carried out through a licensed bank in Iraq and in Iraqi dinar, and place the financial settlements by the time prescribed in the instructions for circulation to the seller.
Source: Iraq directory

Great find. OSW, SGS and Wm Knowles - what's your take on this - reval for dinar which must be used to get on the exchange.
Marcia

Originally Posted by DANNYDINAR

READ PEOPLE YOU MUST BUY DINAR FIRST TO PURCHASE THERE STOCKS.THIS MEANS BOOOOOM TO IRAQ DINAR




Baghdad stock exchange welcoming foreign investors

50 mediators in the Iraqi market for securities are examining the measures and instructions for activating the resolution, which allows non-Iraqis to circulate shares and bonds on the Stock Exchange of Iraq, and the requirements of starting the work by it, amid investors’ expectations of significant shifts; the most important of which are the positive high returns in relation to investment in general, and the raise of the level of stock prices and transactions volume on the stock market in particular.

Head of Iraqi Bourse Trustees, Talib Tabatabai, hoped that “activating this resolution will achieve economic advancement, the development of investment and expanding its base in Iraq”. He emphasized that Arabs and foreigner investors “sent letters to companies and offices of the Iraqi mediation which are 50, seeking clarification on the method of investment in the shares sector and the mechanism of circulating them via the Bourse, according to the decision issued by the Iraqi government in this concern”.

The Association of Securities in Iraq required the disclosure of brokerage companies approved by Iraqi Bourse and their offices on the web site of the Iraq market, and equally, including their e-mail addresses, their capitals, telephone numbers, a brief on the company and the volume of transactions achieved in the last two years, as well as the company’s balance and the name of its managing director.

The Association also required that the mediator must check the identification of the non-Iraqi investor by requesting documents through electronic image, to be supported later by a certified copy from the embassy of Iraq in the country of the investor and any governmental organization. It pointed out that the required papers are: ID card, valid passport, the contract and license of incorporation signed by the issuer and the Iraqi embassy or the concerned Iraqi authority.

The Iraqi Bourse will dispose the buying and selling authorization in Arabic and English, including the No. of issue and other necessary information, with the possibility of delivering the authorization by e-mail or agent of the investor or any other means, on condition that the mediator will be responsible for the purchase and sale according to his relationship with the investor and to the guarantees and trust between the two.

The procedures issued by the Iraqi Association of Securities licensed the non-Iraqi investor who is not in Iraq, the appointment of an agent to follow up his affairs and receive his certificates, while the intermediary can not receive any cash from the non-Iraqi investor or his agent, and may not pay the sell cash; such operations must be carried out through a licensed bank in Iraq and in Iraqi dinar, and place the financial settlements by the time prescribed in the instructions for circulation to the seller.
Source: Iraq directory

A very significant event. Foreign investors will have to convert their respective currencies (yen, euro, ME currencies etc.) to dinar before investing. I think we anticipated this a long time ago. But generally, this effects the demand side of the above discussion. Another "source" of demand for the currency. How much? Depends on the the volume of shares bought by outside investors and the exchange rate of the day. This will be an interesting amount to track, should we be able too. Much like Socata 850 tracks the auction. Again, it will all hinge on the exchange rate. Its all good for us. Thank You.

Not exactly making it easy to invest. Going to the Consulate, yea right. Crazy, they're not doing themselves any favours, again. Give me my hard currency anytime locked away.