Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

Looks like we have who's in and what it takes to be a member...

Central bank chiefs to discuss monetary union deal tomorrow

RIYADH (Zawya Dow Jones)
Central bank governors of the six-nation Gulf Cooperation Council will tomorrow discuss the proposed GCC Monetary Union Agreement that would lay the legislative groundwork for the single currency union to be established in 2010, an official said yesterday.
“The governors will review in this week’s meeting the GCC Monetary Union Agreement which contains the schedule for the union’s establishment by 2010, the shape of the central monetary authority and powers granted to it,” Nasser Al Kaud, director of finance and monetary integration at the GCC secretariat-general, told Zawya Dow Jones.
“The discussions would include the obligations of member states toward the central monetary authority and the relationship between the central banks with this planned common monetary authority,” he added.
Al Kaud affirmed that member states are determined to establish the monetary union and launch the single currency by 2010 as scheduled previously.
The GCC consists of Kuwait, Qatar, Oman, Saudi Arabia, Bahrain and the UAE, and is the world’s biggest oil exporting region.
A source in one member states told Zawya Dow Jones that if the central bank governors approve the deal, it will be sent to GCC finance ministers’ Committee on Financial and Economic Cooperation. The committee’s meeting is to be held in the Saudi capital on May 13-12.
The agreement will then be considered by a ministerial council of foreign affairs, before being forwarded to the heads of state meeting.
The UAE, Qatar and Bahrain have submitted requests to host the proposed monetary union authority.
Al Kaud said the governors at their meeting, scheduled to be held tomorrow and on Wednesday in Madeenah, will look at a suggestion to mandate the planned monetary authority with the power manage foreign currency reserves that would cover the issuance of a common currency.
The central bank chiefs are scheduled to review the five measures that GCC states will use to prepare their economies for the single currency.
The six countries have agreed on five criteria for the economic union, including limiting budget deficits to below 3 per cent of gross domestic product, or 5 per cent when oil prices are weak, government debt at 60 per cent of GDP and interest rates at no more than 2 per cent above the GCC average. The central banks are also to have enough reserves to pay for four months of imports and keep inflation at the GCC average plus 2 per cent.
Another source in one of the member states said Oman won’t participate in the monetary union by 2010.“Upon its request, Oman won’t be obliged to implement the requirements of launching the monetary union and single currency. But it’ll participate in the ongoing meeting,” the source said.

Bahrain Tribune Daily Newspaper, Bahrain

i see since we let danny know that 100 M dinar wasnt diddly he broke down to try and make his total bigger.
(psst, danny, a billion is gonna take you awhile at 35M a pop!)

Originally Posted by Hkp

Iraq Investments : Sebastian River Holding's, Inc., purchases an additional 35 million Iraqi dinars to reach its goal of one billion dinars
Sunday, April 1st 2007

Sebastian River Holding's Inc. recently announced that the company has added an additional 35 million Iraqi dinars (ID) to its foreign currency portfolio. This purchase gives Sebastian River Holding's Inc. a total of 135 million ID. The company aims to acquire a total of one billion ID.

[/url]

The broadest investment plan together with imposing the law (02/04/07)

Cabinet allocated 11 billion dollars, the equivalent of 25% of the budget in 2007 to an unprecedented investment plan in Iraq.

Economists consider this step synonymous with the plan of imposing the law which aims at achieving stability in Iraq, in a way that contributes to the comprehensive construction and economic progress that restores Iraq to the ranks of advanced countries. Prime Minister Nuri al-Maliki directed the ministries of Finance and Planning to take interest in the sectors of oil and electricity to ease the burdens on the Iraqi people, through the construction of oil refineries, power plants, sanitation as well and other infrastructure projects.
The Parliament is expected to discuss, during the next few days, the oil and gas law that would contribute to develop the oil sector through the entry of international investment companies in this area, which will help in developing the Iraqi economy.
http://www.iraqdevelopmentprogram.or...ws/new1557.htm
__________________

Originally Posted by shotgunsusie

ii see since we let danny know that 100 M dinar wasnt diddly he broke down to try and make his total bigger.
(psst, danny, a billion is gonna take you awhile at 35M a pop!)

Old Dannyboy. With such a big PR Company and staff working around the clock on the dinar he still pm'd me daily for my opinion on all this.

Originally Posted by shotgunsusie

ii see since we let danny know that 100 M dinar wasnt diddly he broke down to try and make his total bigger.
(psst, danny, a billion is gonna take you awhile at 35M a pop!)

Maybe he should start collecting Dongs to make the holdings look impressive.

actually adster, that isnt from somewhere else. i posted it here yesterday concerning our bank statement then removed it as i didnt have permission from the ducky (h2o) to post it yet. tell the dark side theyre welcome.

Originally Posted by Adster

From elsewhere, Fils, sign of things to come......


IS A NEW Billing With .248 Fils On The End Good News? Just read this and it was from a 1 April 2007 posting...Is this true and if they are now including odd fils is that a sign of things to come?

Forgive my question if it is stupid...but, I was wondering (no hopeing for at least some good news today...)

"...just a note to let all know our most recent statement from warka had the total with .248 on the end. in the past the fractional part of the total was always .500 or .000. i would say that .248 is a better indication of fils than a rounded number."

Pence likens Baghdad market to 1 in Indiana
Traveling with Sen. McCain in Iraqi capital, Hoosier says safety there has improved
The Washington Post

BAGHDAD -- U.S. Rep. Mike Pence, R-Ind., traveling Sunday in Iraq's capital with three other GOP members of Congress, compared a shopping area there to a "normal outdoor market in Indiana in the summertime."


Pence, speaking after a heavily guarded hourlong walk through the newly fortified market, echoed comments made by U.S. Sen. John McCain of Arizona and others that the capital was getting safer.
"I, too, find myself leaving my day at the market in Baghdad with a new sense of cautious optimism that freedom might just work for these people," Pence said during a news conference inside the fortified Green Zone.
Pence, McCain, Sen. Lindsey Graham, R-S.C., and U.S. Rep. Rick Renzi, R-Ariz., toured the Shorja market as a show of confidence in the nearly seven-week-old security crackdown in Baghdad.
Part of the market, normally one of the capital's busiest commercial districts, is now fortified with blast walls and barriers that cut off vehicle traffic. In February, a truck bomb killed 137 people and injured scores. Last month, another bomb exploded near a Shiite mosque in the market, killing eight and wounding nearly three dozen.
The four U.S. politicians wore soft hats rather than helmets in the market at the behest of their guide, Gen. David Petraeus, the top U.S. commander in Iraq. But each kept his protective vest on.
Pence said he was deeply moved by his ability to "mix and mingle unfettered among ordinary Iraqis" and to have tea and haggle over the price of a rug.
Touting improvements under a six-week-old security offensive, McCain said the American public was not getting "a full picture" of the progress unfolding in Iraq.
Amir Raheem, 32, a carpet merchant at the Shorja market, disagreed with the upbeat assessment of the visitors.
"Just yesterday, an Iraqi soldier was shot in his shoulder by a sniper," he said, "and the day before, two civilians were shot by a sniper as well."
The comments by Pence and McCain came on a day when the military reported that six American soldiers were killed over the weekend by roadside bombs southwest of Baghdad. A British soldier was reported killed, as well as a U.S. Marine whose death was not combat-related.
The names of the slain U.S. soldiers were not given, and the military did not give an exact location of the attacks. Four soldiers were killed responding to the blast that killed the first two, the military said.

Pence likens Baghdad market to 1 in Indiana | IndyStar.com

Originally Posted by rvalreadydang

Baghdad-file Press

اعلنتْ.Department of Commerce announced that the coming days will witness the opening (6) Mlhaqiat trade to Iraq in a number of countries around the world.

.The source in the ministry said that this attaché, which is part of the Ministry of Trade for the opening (11) Mlhaqih overseas business will contribute to provide great facilities for Iraqi ministries, especially that need to enter into contracts with various foreign companies, including the Ministry of Commerce, which requires the work contracts of Foreign Affairs.

.The source added that the Council of Ministers approved the opening of this attaché was monitoring financial allocations needed to work within the budget of the Ministry of Trade for the current year, stressing that the rest attaché will be inaugurated during the coming months after being approved by the cabinet, taking the number of Iraqi commercial attaché abroad to (22) Mlhaqih commercial.

.The Ministry of Trade had previously announced the cancellation of dealing with companies that exported food is so bad and contracts vocabulary ration card directly with the companies in the light of the arrival of some articles of the ration card are poorly especially potatoes and flour powder, which requires a Mlhaqiat Iraqi trading in a number of countries around the world to conclude contracts items ration card
æßÇáÉ ÇáãáÝ ÈÑÓ . ãÊÇÈÚÉ ÇÓÑÚ æÊÍáíá ÇÚãÞ ááÇÍÏÇË . äÈÏà ÍíË íäÊåí ÇáÇÎÑæä

Cabinet allocated 11 billion dollars, the equivalent of 25% of the budget in 2007 to an unprecedented investment plan in Iraq.



Economists consider this step synonymous with the plan of imposing the law which aims at achieving stability in Iraq, in a way that contributes to the comprehensive construction and economic progress that restores Iraq to the ranks of advanced countries. Prime Minister Nuri al-Maliki directed the ministries of Finance and Planning to take interest in the sectors of oil and electricity to ease the burdens on the Iraqi people, through the construction of oil refineries, power plants, sanitation as well and other infrastructure projects.
The Parliament is expected to discuss, during the next few days, the oil and gas law that would contribute to develop the oil sector through the entry of international investment companies in this area, which will help in developing the Iraqi economy.

Source: Iraq Directory


Iraq Development Program - The broadest investment plan together with imposing the law

Originally Posted by ourhouse37

gee thanks Bob. This thread is now back to the sparkling wit and fascinating text format.