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

Originally Posted by Pegasus

He's supposed to win one dinar. I would like to see the payout on that one!

One dinar? Sounds like lower denoms to me.

Three Iraq state business restarted
WASHINGTON, March 28 (UPI)

A U.S. program to jump start Iraq's 200 former state-owned factories is beginning to yield fruit, a Pentagon official said Wednesday.

A ceramics factory in Ramadi, a Sunni area, a clothing and textiles sewing factory in Najaf, the heartland to Iraq's majority Shiites, and an automotive and metal factory south of Baghdad in a mixed area are all up and running, said Paul Brinkley, deputy under secretary of defense for business transformation.

The factories were shut down by the Coalition Provisional Authority which thought "economic shock therapy" would be the fastest route to push Iraq's economy into a free market construct. It didn't work. Four years later, hundreds of thousands of Iraqis who used to work at more than 200 plants, producing everything from chemicals and concrete to clothing and consumer goods, primarily for a domestic market, lay idle.

According to Brinkley, about 140 of them are in good shape. They were neither looted, vandalized or destroyed in the war. He has identified 56 that could be restarted with an investment of just $50 million. Last week, the Iraqi government committed funds to get 10 plants running this year.

The three operational plants now employ more than 1,000. Two have U.S. government contracts -- to produce Iraqi security forces uniforms, and to produce armored vehicles. The textile factory is close to a contract with an apparel firm that would put the "made in Iraq" label in U.S. stores by Christmas, and the vehicle factory has accepted an order for 120 trucks from a U.S. company.

Much of Brinkley's work is exposing U.S. companies to the potential Iraqi supply chain. He said one of the best motivators for American corporations to "buy Iraqi" is patriotism. The healthier Iraq's economy becomes, the less likely violence will be. At least 50 percent of the country is unemployed or under employed.

"Any population in the world experiencing that level (of joblessness) would be sympathetic to violence and insurgency. That's human nature," he said.

United Press International - Security & Terrorism - Three Iraq state business restarted

Article List >> Pentagon Buys Gear From Iraqi Factories

Pentagon Buys Gear From Iraqi Factories
3/28/2007

Wednesday March 28, 3:00 pm ET
By Pauline Jelinek, Associated Press Writer
Pentagon Buys New Uniforms, Armored Vehicles From Reopened Factories in Iraq



WASHINGTON (AP) -- In an Iraq jobs program, the Pentagon has helped reopen three factories shuttered after the 2003 invasion, seeding the ground by buying uniforms and armored vehicles from two of them.
Reopening state-owned factories that produced everything from cement to buses for Saddam Hussein's regime is among efforts President Bush hopes will boost the economy and help salvage a violent Iraq. His controversial strategy of increasing troops there to try to calm violence is meant to buy the Iraqi government time to move forward on political reconciliation and reconstruction.

In a program started nearly a year ago, the Defense Department has reopened a large textile factory in Najaf by buying uniforms for Iraqi soldiers and police that the U.S. has been training, and has reopened a vehicle factory south of Baghdad by buying armored vehicles, said Paul Brinkley. He is deputy undersecretary of defense in charge of Pentagon business modernization efforts and has been running the program.

Officials helped find other customers for the third restarted factory, in Ramadi, which makes ceramic products the U.S. has no need for in Iraq,

Brinkley has been taking representatives from private industry in the United States and elsewhere to Iraq to encourage them to do business in the country.

One company has agreed to buy 120 trucks from the transport company and another is expected to buy clothing from the textile factory that Brinkley said could be on American shelves by fall.

Brinkley declined to name the companies, saying they are still negotiating.

After the 2003 invasion of Iraq, occupation officials of the U.S.-led Coalition Provisional Authority decided to do nothing with the government-owned factories, hoping they would quickly be taken over by the private sector. Privatization never happened as violence gripped the country and disrupted the economy.

Brinkley said the program will reopen private as well as government factories.

Military commanders have long seen employment as one of the keys to slowing the violence. The idea of restarting factories differs from some previous reconstruction efforts that have had limited success in that it's aimed at providing long-term employment for factory workers as opposed to short-term jobs that came with individual rebuilding projects.

Of some 200 large factories that made up Iraq's former industrial base, Brinkley said the Pentagon believes 140 are potentially viable and has identified ways to get 56 of them running again, hopefully this year.


Pentagon Buys Gear From Iraqi Factories - Source

Iraqi Dinar News Article List


| Why Use SafeDinar.com? | Iraqi Dinar In The News | 1, 2, 3, Dinar Ordering | Buy Dinar | SafeDinar.com FAQ | Contact Us |
| SafeDinar.com | Iraqi Dinar Exchange Rate |
SafeDinar.com | 1-877-723-3391 | [email protected] | Terms & Conditions of Use

SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.

The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.

Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.

“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.”
Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.


Sebastian River Holding's Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar

Iraqi Stock Exchange Opens

July 10, 2004

Trading which began in late June was higher on the first day than at anytime previously for the old Baghdad Stock Exchange under Saddam's rule.

"Once trading is fully underway, the potential for growth is huge," said the exchange's chief executive Ahmed Taha. "There is a lot of interest in this exchange. At the moment the Iraqi economy is weak but it has a huge potential to grow." he said. "I don't want to be over optimistic but I think we will become larger than other exchanges in the region. However, this will take time so we are taking things step-by-step."
The exchange is the result of more than a year's work by over a dozen brokerage firms and banks that jointly own it. New companies want to list and the exchange is in the process of considering several.

Over a 50 person staff runs the exchange, a modest staff for a financial institution. "This stock exchange is going to help the Iraqi economy recover because it encourages people to invest money. I was surprised by the level of interest on our first day and hope this will continue." said the manager of the trading department, Jammy Afham.

On it's first day, June 24, more than 500 million shares were traded, more than the Baghdad Stock Exchange ever achieved. "It is just like anywhere else in the world, people want to buy and sell shares." said the exchange's chief executive Ahmed Taha. "We want to open up to foreign companies and hopefully this will happen in the next couple of months." Taha said.

Iraqi Bankers Meet U.S., International Financiers in New York, Washington:
June 20

Representatives of Iraq's banks are meeting with U.S. and international financial experts in New York and Washington to be briefed on the latest banking practices and to come in contact with potential U.S. business partners. The visits are sponsored by the U.S. Trade and Development Agency (USTDA). "Reconstruction and modernization of the private banking sector is essential for economic growth in Iraq," said Kevin Woelflein, Senior Advisor to the Iraqi Ministry of Finance with the Coalition Provisional Authority. "This visit has provided the delegates with a valuable opportunity to learn about modern banking practices and will help to make private banks the core of the future banking structure in Iraq." The delegation includes representatives from 12 privately owned Iraqi banks as well as the deputy governor of Iraq's Central Bank.

Coalition Provisional Authority

Presidential Order 13303: President delivers speech outlining the future of Iraq: lists five steps to achieving democracy in Iraq

The third step in the plan for Iraqi democracy is to continue rebuilding that nation's infrastructure, so that a free Iraq can quickly gain economic independence and a better quality of life. Our coalition has already helped Iraqis to rebuild schools and refurbish hospitals and health clinics, repair bridges, upgrade the electrical grid, and modernize the communications system. And now a growing private economy is taking shape. A new currency has been introduced. Iraq's Governing Council approved a new law that opens the country to foreign investment for the first time in decades. Iraq has liberalized its trade policy, and today an Iraqi observer attends meetings of the World Trade Organization. Iraqi oil production has reached more than two million barrels per day, bringing revenues of nearly $6 billion so far this year, which is being used to help the people of Iraq. And thanks in part to our efforts -- to the efforts of former Secretary of State James Baker, many of Iraq's largest creditors have pledged to forgive or substantially reduce Iraqi debt incurred by the former regime.

Full Speech

Presidential Order 13303: Allows US Citizens to invest in the New Iraq . Under this Order and the Coalition Provisional Government Order 39, a US citizen has the same rights to investments as an Iraqi citizen

IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq . The new order allows for a restructuring of the banking system in Iraq . US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq .

Iraq has a new currency to replace Iraq 's two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country.

The other financial market structures are strong:

95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the world's most growth-oriented investment and banking laws.

The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq . By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England .




President's Radio Address: New currency symbolizes Iraq 's reviving economy.

"Now that the dictator is gone, we and our coalition partners are helping Iraqis to lay the foundation of a free economy. This coming week, the Iraqi economy will reach an important milestone with the introduction of a new currency. The new Iraqi dinar notes will bear the images of Iraq 's proud heritage, and not the face of a hated dictator. For more than a decade, different areas of Iraq have used two different versions of the dinar, and many of those notes were counterfeit, diminishing the value of those that were genuine. The new dinar will be used throughout Iraq , thereby unifying the economy and the country. The new currency will have special features that will make it difficult to counterfeit.

Following World War II, it took three years to institute a new currency in West Germany . In Iraq , it has taken only six months. And the new currency symbolizes Iraq 's reviving economy."

President Bush




Coalition Provisional Authority : Dinar value on the rise. Has Iraqi public's support.

By contrast the new currency, illustrated with scenes depicting Iraq 's important scientific contributions, its history and landscape and its economic life is steadily appreciating in value. Since October 15th, the start of the Iraqi Currency Exchange (ICE), the new dinar's worth has risen by 25%.

Marking the formal end to ICE with a reminder of the programmer's purpose the Deputy Governor of the Central Bank of Iraq Ahmed Salman Jaburi said:

"The new dinar is a real improvement on the old. It's secure - its many visible and invisible security features make it very hard to fake - and because of this it has the Iraqi public's confidence.

"A secure currency will provide a firm foundation for Iraq 's future economic growth."

Coalition Provisional Authority




What lies ahead for the Iraqi economy as it continues to stabilize? Powell says: "We're going to jump-start the economy as fast as we can with the money that Congress has provided." And, after two years of economic decline, the World Bank Group estimates that Iraq's GDP (Gross Domestic Product) will rebound by 33 percent this year.

Powell Highlights Achievements of Past Year in Iraq

A March 11 Christian Science Monitor article says the World Bank is predicting Iraqi oil production will recover almost to prewar levels later this year to around 2.7 million barrels per day compared to 2.8 million daily before the war. Right now, Iraq is bringing in revenues by exporting around 1.8 million barrels a day compared to more than 2 million barrels a day in exports in early 2003.

Iraq's infrastructure is recovering in other ways as well. On the list of quality-of-life improvements: electrical power flows again at prewar levels and is projected to continue to rise throughout 2004.

Coalition Provisional Authority




A Brief History of Iraq:

Formerly part of the Ottoman Empire, Iraq was occupied by Britain during the course of World War I; in 1920, it was declared a League of Nations mandate under UK administration. In stages over the next dozen years, Iraq attained its independence as a kingdom in 1932. A "republic" was proclaimed in 1958, but in actuality a series of military strongmen have ruled the country since then, the latest being SADDAM Husayn. Territorial disputes with Iran led to an inconclusive and costly eight-year war (1980-88). In August 1990, Iraq seized Kuwait, but was expelled by US-led, UN coalition forces during the Gulf War of January-February 1991. Following Kuwait's liberation, the UN Security Council (UNSC) required Iraq to scrap all weapons of mass destruction and long-range missiles and to allow UN verification inspections. Continued Iraqi noncompliance with UNSC resolutions over a period of 12 years resulted in the US-led invasion of Iraq in March 2003 and the ouster of the SADDAM Husayn regime. Coalition forces remain in Iraq, helping to restore degraded infrastructure and facilitating the establishment of a freely elected government.

taken from the CIA World Fact Book

Originally Posted by rvalreadydang

SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.

The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.

Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.

“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.”
Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.


Sebastian River Holding's Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar

They are scam merchants

Rip Off Report:MEM Financial Solutions, Daniel Duffy, Donovan Rhoden, Mark McLeod ripoff, stock scam, fraudulent and misleadin press releases Grant Florida

Originally Posted by rvalreadydang

SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), today announced that the company has joined the United States and has invested in the Iraq economy, by purchasing 100,000,000 Iraq Dinar.

The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $784.93 USD, according to the Central Bank of Iraq (CBI). Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold as high as $1340 USD here in the United States.

Iraq news sources, state that a revalue of the Iraq currency is in the near future. Prior to war with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.

“We are on our way to become large investors in foreign currency,” stated Daniel Duffy, President/CEO of Sebastian River Holding’s Inc. “Since Iraq has the largest natural gas reserve in the world and is the 2nd largest proven oil reserves in the world, with over 100,000,000,000 barrels of oil, the company feels that the Dinar reaching 1 Dinar per US dollar is feasible. If the rate goes 1 Dinar for 1 US Dollar, this would give Sebastian River Holding’s Inc. a profit of well over $99,000,000 from this one investment.”
Sebastian River Holding’s Inc. will soon announce other foreign currency investments and updates on the two acquisitions of Pelican Capital Mortgage Lending, Inc. and TCI Electronics, Inc.

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.


Sebastian River Holding's Inc. Announces Its First Foreign Currency Investment; 100,000,000 Iraq Dinar

i likey... i likey aLOT ...

My Name Is Daniel Duffy And Yes I Am A Huge Investor In The Iraq Dinar And President And Ceo Of Sebastian River Holdings Inc. Sometimes In Life As Man Who Is Public Spotlite You Get Bashed For No Reason. First I Want People To Know There Are Alot Of People Out There That Are Called Pumpers And Dumpers, When Somone Already Owns A Stock They Say Everything Possible To Promote It, This Is Called Pumping. When Someone Sells There Shares They Want The Stock To Go Down So They Say Anything To Scare People Out Of There Stock And Lie And Say Things That Are Not True, This Is Called Dumping Or Bashing. First Of All I Have Never Been Arested Or Wanted By Fbi. I Work For The Local Sherrif Department As A Volenteer. I Want To Let People Know That The Rip Off Report Is Nothing But A Place For People To Say What They Want When They Want To. If You Do A Search On There For Tmobile Or Any Large Company, You Will Get Hundreds Of People Writing They Are A Scam On There. I Want People To Know That I Am In Charge Of This Public Company And We Are Doing This Investment And Many Others Because We Are A Solid Company, Go To Dnb.com And Look At Our Dunn And Brad Street Report, We Have A Perfect 80 Paydex And Are A Real And Profitable Company. I Am Only Writing This Not To Defend My Self But Because I Was An Investor Personally And Thru My Company Before We Made This Announcement And Have Been Posting Here Before This Announcement. I Also Want Everyone Here
To Know I Am Positive On My Companies Investment.
Thank You
Daniel Duffy

Originally Posted by DANNYDINAR

My Name Is Daniel Duffy And Yes I Am A Huge Investor In The Iraq Dinar And President And Ceo Of Sebastian River Holdings...

wasn't attacking you or your company, just wondering why you would post your own press release and not mention it was yours...

Originally Posted by DANNYDINAR

My Name Is Daniel Duffy And Yes I Am A Huge Investor In The Iraq Dinar And President And Ceo Of Sebastian River Holdings Inc. Sometimes In Life As Man Who Is Public Spotlite You Get Bashed For No Reason. First I Want People To Know There Are Alot Of People Out There That Are Called Pumpers And Dumpers, When Somone Already Owns A Stock They Say Everything Possible To Promote It, This Is Called Pumping. When Someone Sells There Shares They Want The Stock To Go Down So They Say Anything To Scare People Out Of There Stock And Lie And Say Things That Are Not True, This Is Called Dumping Or Bashing. First Of All I Have Never Been Arested Or Wanted By Fbi. I Work For The Local Sherrif Department As A Volenteer. I Want To Let People Know That The Rip Off Report Is Nothing But A Place For People To Say What They Want When They Want To. If You Do A Search On There For Tmobile Or Any Large Company, You Will Get Hundreds Of People Writing They Are A Scam On There. I Want People To Know That I Am In Charge Of This Public Company And We Are Doing This Investment And Many Others Because We Are A Solid Company, Go To Dnb.com And Look At Our Dunn And Brad Street Report, We Have A Perfect 80 Paydex And Are A Real And Profitable Company. I Am Only Writing This Not To Defend My Self But Because I Was An Investor Personally And Thru My Company Before We Made This Announcement And Have Been Posting Here Before This Announcement. I Also Want Everyone Here
To Know I Am Positive On My Companies Investment.
Thank You
Daniel Duffy

Yeah Scam.com had the worst for these nuts to post what ever they want. It is so bad the adverage reader doesnt know the thruth from the lie. But I know a Company that has a 57 million Dollar law suit on them right now. lol

Well Cool, you are a 100 million Dinar Owner. Awsome, Is this why you are so excited cause you just got invovled, are is it that you have researched and have information that has led your company to buy this nice amount?

I know of a guy that invested in 8 Billion Dinars from the get go to pay for his Investment and finace one of the first Dinar Dealer Company's, And Greed ruint that buisness. As well as knowing another that just recieved 1.9 Billion to do his Dinar Business, but he is great and Rolcluib supports him.

Are you in for the Investment of the return of the RV, or are you becoming a Dealer? Just Curious. I have to ask this and want to ask this, cause of Rolclub membership is highly looked after for anything that would be out of line. That was a Strong Blog against you guys. But seen those before.

Anyways going to the Hottub to Relax for a Spell. Be back later to read your reply. Thanks