Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

a. In case article 5 was not finalized by the deadline of May 31st 2007, the two parties shall have the right to sign Exploration and Production Contracts in accordance to the constitution, this law, and the general principles of contracts' models (the first option).
b. Extend the time period mention above.

Hands off Iraqi oil: Iraqi Cabinet resolution on Oil Law


Anyone else notice this deadline for may 31.....after all this news it would make perfect sense to see our reval by the 1st..just my opinion though!!!!
Sarah!!

Originally Posted by PAn8tv

Why start dragging that around again...We've seen enough negative thoughts over the last two days. This zero lop thing I thought had been put to rest. Do you have a link or sources to support this thing that hardly anyone is talking about? Not a bash, just wondering. Thanks

You misunderstood my post.

I was talking about moving the decimal over in the example, not the actual value of the Dinar.

I don't have 20 million dinar. Move the decimal over one and you have 2 million, which is about what I have. So instead of $2,200 profit as in the example, I would gain about $220. Re-read my post and you'll see it better.

I'm the last one to scold about talking zero lop....LOL.

Vice-Chairman of the Kuwaiti government investment demand dropped on Iraq debt
Source : Voices of Iraq - 30/05/2007

Student Vice-Chairman of the Investment Committee in the House of Representatives of Iraq, Tuesday, the Kuwaiti government to drop the debt on Iraq resulting from the policy of the previous government, confirmed the need for Iraq to nearly 200 billion dollars to restore economic infrastructure and building the institutions of huge investment in the country.

He said Abdul Hadi Hassani "call on the Kuwaiti government to drop the debt of Iraq because it is now investing the oil fields of southern Rumaila oilfields wells located on 94% of Iraqi territory and 6% fall on Kuwaiti territory."

He pointed out that "oil production for the southern Rumaila fields up to 8500 barrels of oil per day, while the production rate of the Kuwaiti side reach 350 thousand barrels a day."

Hassani explained that the "Kuwaiti side digging wells for the extraction of oil in a horizontal famed for exploiting oil from Iraqi territory, including the Rumaila oilfields located on the southern side of Northern Iraq from Kuwait, it is easy to draw oil to the Kuwaiti wells adjacent."

He added, "in the coming period will fall all Iraq's debt after the cancellation of 80% during the recent Sharm el-Sheikh."

Hasani said that "Iraq is not a debt of the people or by the current government, which is the result of the policy pursued by arming the former regime by building military bases and military arsenal that have been inflicted upon the country and included it among the list of the city." .. Called on Arab countries to cancel debts.

A "Anaul to the Arab Republic of Egypt to drop the debt on Iraq because it is not the capitalist countries, a poor country living on external assistance provided by States in the forefront of the United States of America."

The Egyptian government announced following the Sharm El-Sheikh conference, which was held early this month that Iraq's debts amounting to about 800 million dollars, most of which are within the compensation Egyptian citizens who have been affected by the Iraq war, it does not have the right to waive them, With the other states participated in the overthrow Iraq's debts at different rates.

On the other hand, Deputy Chairman of the Investment Committee in the House of the need for Iraq to nearly 200 billion dollars to restore economic infrastructure and building the institutions of huge investment in the country, factor asphalt and petrochemicals, cement plants and others.

He said that "the amount of 13 billion dollars allocated from the current budget to investment projects and services is a small amount compared with the actual need for the advancement of economic realities and investment in Iraq."

Hasani added "the current budget year that are nearing the $ 42 billion budget, not the budget consumer reconstruction projects." He explained that "per capita income compared to the Iraqi few high material prices and despite the amendment were a little peace of staff salaries as well as a large armies of unemployed, which would lead to the availability of airspace for some to engage in armed Totals ... but the implementation of projects and the elimination of unemployment is the first solution, providing work is the second step. "

High demand and the dollar exchange rate in the Central Bank of Iraq auction

Source : Voices of Iraq - 30/05/2007
Increased demand for the dollar purchase auction Iraqi Central Bank, on Wednesday, recording a total volume of demand reached 68 million and 890 thousand Dollarmkabel 24 million and 415 thousand dollars, on Tuesday, while the exchange rate to 1260 dinars.

The bulletin issued by the bank on the status of the auction to purchase orders spread with 17 million and 380 thousand dollars NFDA, 51 million and 610 thousand dollars in the form of remittances outside Alokterguetaha bank fully exchange rate high of 1260 dinars high one point yesterday on the exchange rate of 1259 dinars, It is the first time a high rate during more than two months.

While he did not make any of the 15 banks participating in the auction, offers to sell the dollar to the bank.

He explained to Yasiri, a dealers with the bank, Dealers waited depreciation of the exchange rate of the performance of remittances and buying quantities of foreign currency, but the opposite conclusion at the exchange rate led to high demand for the performance of their transactions late yesterday because knowledge not fall in the exchange rate even today and tomorrow, something that led to high demand.

The official spokesman for the Iraqi government declares a series of decisions
5/30/2007 11:18:58 PM

An official spokesman for the Iraqi government d. Skinner including the following : The cabinet held its third regular session Tuesday, 5/29/2007 adopted the following resolutions :

1. For the purpose of supporting the agricultural sector and farmers, the Economic Committee of the Cabinet to increase the purchase prices of agricultural crops of grain purchased by the State from farmers by 20%.
2. The Cabinet discussed agricultural situation in the district of al-Zubayr and issued recommendations for the bodies related to the protection of domestic agricultural products and help farmers and support.
3. Approval of the financial authorities to raise the ceiling for contracts Ladies and Gentlemen ministers and governors based on the proposal of the Commission of Economic Affairs.
4. Approval of the amendment to articles 25.24 of the Constitution of the World Health Organization and the proposal to the parliament for approval on the legislation.
5. Approval of the legal action is to cancel 9 of the revised 2004 issued by the Coalition Provisional Authority.
6. Approval of the delegate power to the Prime Minister wrote Altekhauel audit issued by the coalition authority is based on the 9 to 2004 and revised on the use of real estate owned by the state has the power to delegate certain point of implementation.
7. Approval of the draft Iraqi regime National Committee for Education, Culture and Science Committee with an amendment naming.
8. Approval to postpone action when a general census of population scheduled in October 2007 with continued surveillance and preparedness.

وکالة الفرات العراقية للانباء

Originally Posted by Hardwood

You misunderstood my post.

I was talking about moving the decimal over in the example, not the actual value of the Dinar.

I don't have 20 million dinar. Move the decimal over one and you have 2 million, which is about what I have. So instead of $2,200 profit as in the example, I would gain about $220. Re-read my post and you'll see it better.

I'm the last one to scold about talking zero lop....LOL.

Oh, my bad. Thanks for clarifying. Just with all the jousting going it made me a little nervous.

Originally Posted by rvalreadydang

been looking too, is the website for fox delayed maybe? i keep refreshing the news sites LOL

where are you? you posted a thread about the passing of the hcl, now theres word of a Fox tease on it, any word from your peeps?

20 March 2007
Oil Companies to meet Iraqi government in May
The International Tax and Investment Centre is an industry lobbying body that arranged an initial meeting between oil companies and the Iraqi government in Beirut in January 2005. It has now scheduled a second meeting on 9-11 May 2007. Oil companies and the IMF will meet with representatives from the Ministries of Finance and Oil and the Central Bank. Oil companies present are likely to be: BP, Chevron, Eni, ExxonMobil, Shell, Total, ConocoPhillips and Lukoil

21 March 2007
EDM in British Parliament
Katy Clark has tabled Early Day Motion 1180 with cross-party co-sponsorship, please encourage your MPs to sign it: "That this House notes that Iraq's economy is heavily dependent on oil and that decisions about the future of Iraq's oil industry will have a major bearing on that country; further notes that the constitution of Iraq states that oil and gas are owned by all the people of Iraq; expresses concern that the British Government, in its involvement in the drafting of Iraq's new oil laws, has sought the views of international oil companies regarding the possible types of contracts that the Iraqi Government should offer; believes that decisions on the Iraqi oil industry should be made by the Iraqi people without outside interference; and calls on the Government to disclose to the House all representations it has made in relation to the oil law

03 May 2007
Oil law sent to Iraqi parliament
The Iraqi government has sent a draft oil law to parliament, a major step towards meeting one of the political benchmarks Washington has set for Baghdad. The announcement by Oil Minister Hussain al-Shahristani on Wednesday came on the eve of a major conference in Egypt where industrialised powers and Iraq's neighbours will discuss how to stabilise Iraq and seek reforms in return for reconstruction. Speaking to reporters in Saudi Arabia, Shahristani said he hoped the oil bill would pass by the end of May. "It has been sent to parliament now. There has been agreement among the political parties to work together to enact it by the end of the month," Shahristani said.