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

Originally Posted by Adster

You don't want rumours Spidey, facts speak for themselves.

FACT, FIL passed.
FACT, oil law soon to be passed, leading to enacting on both, FACT.
FACT, still no auctions, (although I've not checked today so far).
FACT, GW giving Maliki ultimatum.
FACT, IAMB meeting, 31 October, outcome should be a fully convertible currency through article v111.
FACTS, articles in the last 3 days fom CBI and undersecretary to MoF talking about the need to raise the dinar value, strenghtening the economy and giving their people buying power.
FACT, Inflation is at 70% and cannot be allowed to continue to rise.
FACT, International Compact to be signed end of next month.


These are off the top of my head, sure Susie or others can add to it. Rumours are like 'ring pieces' every facker has one. Facts cannot be disputed.

You are right Ad, I don't want a rumor; but how about a forecast based upon some corroborated hearsay?!

Originally Posted by shotgunsusie

i mean bush even smiled real big when he said he believes in his heart of hearts that he wont lose the senate or the house. he was either high or he knows the surprise ALREADY!! lol

I say he knows the SURPRISE!! Because he doesnt' "inhale" OOPS wrong president

But if you had said "drunk" now then I would have a hard time picking which one

- 26/10/2006Source : Voices of Iraq - 26 / 10 / 2006
An official source in the governorate of Basra today, Tuesday, it was allocated (40) billion Iraqi dinars
For the electricity sector in the province.
He said Engineer Ihsan Abdel Jabbar adviser to the governor for electricity in a statement to the News Agency (Voices of Iraq) Independent today that "the allocation of (40) billion Iraqi dinars to the electricity sector in the province of Basra."
He pointed out that there are "20 billion Iraqi dinars allocated for the rehabilitation of power stations, and another 20 billion to expand the distribution network of electricity in the province. " He pointed out that the Ministry of Electricity "Basra was not provided with their needs of electric transformers, It called on the province to buy (400) converted. distributed to different areas of Basra. "
And Abdul-Jabbar that the sums that had been allocated for the electricity sector "is the development of the Territories within the budget allocated by the Ministry of Finance in the budget for 2006."
Note that the Iraqi Ministry of Finance has earmarked a total of (584) billion Iraqi dinars for the implementation of vital projects in Basra.

http://64.233.179.104/translate_c?hl...language_tools

New law aims to open Iraqi economy to foreign investors

--------------------------------------------------------------------------------

25 October 2006 (USAID)
On Oct. 10 the Parliament of Iraq passed a new investment law which opens the Iraqi economy to investors globally.

The new law provides foreign investors with adequate legal protection and with the ability to repatriate capital and profit. It offers opportunities to apply for significant exemptions from taxes and duties for 10 years and possibly longer, and it highlights the need to facilitate the process of obtaining necessary licenses and permits.

"It is great to have the new law, which gives us a clear frame and solid ground for promoting investment in Iraq," a senior official at the Iraq Investment Promotion Agency (IIPA) said.

"We are expecting positive reactions by foreign investors, who have been interested and enthusiastic about doing business in Iraq. It is very beneficial for our agency and for the country."

The agency was established early this year with the support of the USAID-funded IZDIHAR project, which has also provided substantial technical assistance and counseling in the preparation of this law.

In a significant institutional development, the law establishes the National Commission for Investment (NCI), attached to the Office of the Prime Minister and headed by a Chairman with the rank of minister. NCI will be responsible for overseeing and executing Iraq's investment policy.

Originally Posted by Original Spiderman

You are right Ad, I don't want a rumor; but how about a forecast based upon some corroborated hearsay?!

Well when it comes to their government I think give it a timescale (anytime from now until end of next month) and add 3 months to it to be sure of the r/v! Just my honest thoughts.

As someone pointed out and as you're over there maybe you could please snoop around the smaller denoms, they hold the key.

Maliki needs to grow some teesticles...

I'm in the United States but saw a $5 dinar yesterday from someone who returned from Iraq. I have no idea if it is real or not but just touching a $5 Iraqi bill just gave me goose bumps!

Originally Posted by Onenomad

hhhmmm this would'nt look good for a high RV SGS adster opinions???

Why wouldn't it? Put yourself in an Iraqi's shoes. Dinars are like facial tissue right now, but if held long enough would make it possible for them to do a whole lot more than clean their noses. I'm sure there are intelligent people among them that understand the value of the "buying and holding" principle of an investment.

Originally Posted by Original Spiderman

You are right Ad, I don't want a rumor; but how about a forecast based upon some corroborated hearsay?!

That made me laugh!

Originally Posted by DinarWatcher19

I'm in the United States but saw a $5 dinar yesterday from someone who returned from Iraq. I have no idea if it is real or not but just touching a $5 Iraqi bill just gave me goose bumps!

Can you get ahold of it again and snap a picture of it?

That would be HUGE!