Thread: Iraq/Dinar News. 09/05 to 01/14/07

In English and easy to read:

Iraq Investment and Reconstruction Task Force

Iraq Adopts New Investment Law
October 2006

On October 10, Iraq adopted an investment
law that offers an accommodating regulatory
environment for U.S. business. The law will take
effect once published in the Official Gazette.
Although various actions must be taken before
Iraq’s new investment regime is fully functional,
there are several noteworthy features of the
recently-approved law:

+ All investors enjoy equal treatment under
the law without regard to nationality (Art. 10);
+ Iraqi workers receive priority in hiring, but
investors may hire non-Iraqi workers if Iraqi workers
do not have the necessary qualifications (Art. 12);
+ Investors who obtain investment licenses from
the National Commission on Investment are entitled
to additional benefits. These benefits include:
- For investors in specific areas, an exemption
from taxes and fees for a period of ten years from the
date commercial operations begin (Article 15.1); and
- An exemption from fees, for a period of three
years from the time an investment license is granted,
for assets imported for the purposes of an investment
project (Art. 17.1); and
+ The law prescribes clear procedures for obtaining
an investment license (Art. 19-20).

English PDF (15 pages) of the New Investment Law: http://<font color="blue"><b>http://...pdf</b></font>

Originally Posted by ezcash

I think Mikes focus on end of Oct is important.. remember
Shabibi will be a keynote speaker....at economic conference 10/30 and 10/31
It would be another good time to be able to impress all the big bankers that they are making big steps in the right direction for the ecomony and people.. with a rv announcement? Hope it not a missed opportunity... :)

Yes and not forgetting the money has not gone out yet and the banks are closed, perfect time...... Wish we could get some more info on the lower denoms, they're the key to knowing whether the r/v is imminent.

I just to let you guys all you guys know that your research thru the Iraqi newspapers is on the cutting edge of being brilliant. My hats off to you guys.


paynes1

10 posts off 4000, wow, sure 3800 of them have been on the dinar threads, LOL. Need a holiday when we're rich!

Originally Posted by paynes1

I just to let you guys all you guys know that your research thru the Iraqi newspapers is on the cutting edge of being brilliant. My hats off to you guys.


paynes1

You too paynes, your research on the IC/Marshall Plan are a great read/insight all based on facts.

The article about 10 days says that auctions will be suspended...does not say that that CBI will be closed. Warka however specifically said will be closed for business.

"Central Bank of Iraq and domestic markets, especially after the official stopped the auction to sell currencies to convene for a period of ten days because of Eid al-Fitr. "

Translated version of http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=2384

Originally Posted by Adster

10 posts off 4000, wow, sure 3800 of them have been on the dinar threads, LOL. Need a holiday when we're rich!

Congratulations!!

Originally Posted by Adster

Yes and not forgetting the money has not gone out yet and the banks are closed, perfect time...... Wish we could get some more info on the lower denoms, they're the key to knowing whether the r/v is imminent.

Sooo true.... and yesterday someone posted that two of the news stations were going to start broadcasting again.. maybe in time to share some good news! :)

Currency revaluation?

Originally Posted by motomachi

In English and easy to read:

Iraq Investment and Reconstruction Task Force

Iraq Adopts New Investment Law
October 2006

On October 10, Iraq adopted an investment
law that offers an accommodating regulatory
environment for U.S. business. The law will take
effect once published in the Official Gazette.
Although various actions must be taken before
Iraq’s new investment regime is fully functional,
there are several noteworthy features of the
recently-approved law:

+ All investors enjoy equal treatment under
the law without regard to nationality (Art. 10);
+ Iraqi workers receive priority in hiring, but
investors may hire non-Iraqi workers if Iraqi workers
do not have the necessary qualifications (Art. 12);
+ Investors who obtain investment licenses from
the National Commission on Investment are entitled
to additional benefits. These benefits include:
- For investors in specific areas, an exemption
from taxes and fees for a period of ten years from the
date commercial operations begin (Article 15.1); and
- An exemption from fees, for a period of three
years from the time an investment license is granted,
for assets imported for the purposes of an investment
project (Art. 17.1); and
+ The law prescribes clear procedures for obtaining
an investment license (Art. 19-20).

[/B]English PDF (15 pages) of the New Investment Law: http://<font color="blue"><b>http://...pdf</b></font>

Hello all, I just got this e-mail from Safedinar.

This e-mail is being sent to you to notify you that the Iraqi Dinar/U.S. Dollar exchange rate has changed. According to the Iraqi Central Bank website (Central Bank Of Iraq) the exchange rate has changed from:

1470/Dinars to the US Dollar

To

1473*/Dinars to the US Dollar

* as of 10/25/2006 9:26:13 AM CST as per Central Bank of Iraq website

If you all did not no this yet.
Have a great day
Trapper