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

Source : Gulf
31 / 10 / 06

Received by His Highness Sheikh Saud bin Saqr Al Qassimi, Crown Prince and Deputy Governor of Ras al-Khaimah in the Palace Alzet night before last happiest Tai Iraqi city of Najaf governor and his accompanying delegation currently visiting the country.

Highness welcomed the Memorandum of Understanding signed by the Ras al-Khaimah Gas with the governor of Najaf for a company titled "Gulf Iraqi company for investments Alenfezih."

The Crown Prince praised the Deputy Governor of Ras al-Khaimah relations of cooperation between the UAE and Iraq, economic investment, He pointed to the possibility of making use of multiple investment opportunities in all fields to achieve economic integration in order to serve the two countries.

He also met with His Royal Highness, the Crown Prince and Deputy Governor of Ras al-Khaimah in the Palace yesterday Alzet Hans Sptzner Deputy Minister of Economy and conductors in the state of Bavaria, German and his accompanying delegation currently visiting the country.

It was during the meeting to talk about the exchange of trade and economic relations between the UAE and Germany and ways to promote, develop and the need to exchange information and experiences on the economic and investment relations between the two countries so as to achieve economic integration and trade between them.

He welcomed His Highness the Deputy Minister of Economy and conductors German state of Bavaria and the delegation accompanying him and the interest in exploring investment opportunities and take advantage of the capabilities and the facilities available in the Principality, He stressed the importance of exchanging visits among economic actors and trade for the use of information and experiences and different ideas for Ttwiramajalat investment between the two sides.

The Crown Prince of Ras al-Khaimah to the importance of deepening and strengthening trade relations and the development of investment opportunities in the light of the economic potential of the growing and diverse state in general and Ras al-Khaimah, in particular, He called hoped to open more channels of communication with the German companies to invest in the Principality and utilization of the facilities provided by departments and local institutions for the creation of projects and investment programs and the various development plans and development of the Principality. his Hans Sptzner expressed satisfaction with the meeting of His Highness and the know what programs and investment plans offered by the government of Ras Al-Khaimah. expressing his hope to further the cooperation in many fields and ways of expanding its horizons to include new areas in the world of finance, investment, economic trade between the two countries. The meeting was attended by Sheikh Faisal bin Saqr Al Qassimi, Chairman of the Finance and head of the Free Zone.

Translated version of http://www.alzawraa.net/home/index.php?option=com_content&task=view&id=4695&Ite mid=73

Cheers!
DayDream

Originally Posted by bigred52

justpraying : AGAIN WHAT DOES THIS TYPE OF ARTICLE HAVE TO DO WITH DINAR INFO ?

I sent you a PM

Good, now you too work it out. I dont think bigred understood the article. That is why I posted the Mercenairie part of it.

Gulf Daily News

BIBF to train Iraq Central Bank officials
By SOMAN BABY


MANAMA: Sixteen high-ranking officials from Iraq Central Bank (CBI) are to undergo advanced training at the Bahrain Institute of Banking and Finance (BIBF).The banking supervision programme is being organised by BIBF in co-operation with the International Monetary Fund (IMF) and Federal Reserve Bank of New York (Fed NY).

It will be held from November 12 to 16 at the BIBF, Juffair, and conducted by a team of international experts from IMF and Fed NY.

The BIBF was selected to host this important workshop because of Bahrain's excellent reputation as a leading world financial hub and the institute's ability to provide world-class training and business advisory services, said deputy director and head of Banking Learning Centre Hussain Ismail.

"For the last two-and-a-half years, the IMF and the Fed NY have co-ordinated their efforts to provide technical assistance to the CBI to help in the reconstruction and development of the Iraqi economy," he said.

"A comprehensive initial training curriculum was defined and has been implemented between 2004 and early this year for the staff of the CBI's Banking Supervision Department.

"A series of joint workshops were also delivered, covering all key banking supervisory issues."

The workshop will be focusing on the practical implementation in the field of banking supervision, said Mr Ismail.

It will also review the actual work and outputs produced by the Iraqi supervisors in order to give them feedback and guidance on how to improve their scope and their quality, both for off-site and on-site supervision, he told the GDN.

"The programme is part of a series of successful workshops, which will further contribute to the training and education process of the Iraqi people," said Mr Ismail.

A similar workshop on banking supervision was conducted successfully at the BIBF in June 2004 .

Originally Posted by Mike5200

Neno posted on this a few pages back saying they were using OLD dinars (Sadamm) for counerfeiting

First of all the Old Dinar were SUPPOSEDLY distroyed.
Second NONE of the NIQD are the same dimensions of the USD.
Pretty tough job to shave off 1/16" & 1/2 from the 5k note and the 1k note is shy @ 1/2" in length. Believe half of what you see and none of what you hear!

Back to reality!

Fears over huge growth in Iraq's unregulated private armies


· Mercenaries 'outnumber UK soldiers three to one'
· Security companies are unaccounable, say critics

Richard Norton-Taylor
Tuesday October 31, 2006
The Guardian


A huge increase in the number of unregulated private military and security companies operating in Iraq and Afghanistan is driving concern about the lack of regulation and constraints on their activities.
There are three British private security guards to every British soldier in Iraq, the charity War on Want said yesterday. At least 181 private military and security companies are operating in the country, employing almost 21,000 British private security guards, nearly half of the total number - an estimated 48,000.

Foreign contracts by British private security firms are now worth about £1bn a year, according to the companies.

The extent of their activities, and the way governments are either indulging or ignoring them, were highlighted at a conference in London in which the companies admitted that what has become known as the largest private army in the world had a serious image problem.

However, there is a lack of reliable information about the companies' activities. Speakers at the conference of the British Association of Private Security Companies claimed that what they described as the "Iraqi bubble" had burst and there may now be only 10,000 private guards in Iraq.

Andrew Bearpark, the association's director general, said the number of private security company employees killed in Iraq was a "quite staggering" 827, and added that the figure could be an underestimate.

Aegis and Control Risks are among British companies whose employees have been killed in Iraq. The British military reported yesterday that a roadside bomb killed three people travelling in a private security company convoy near Basra.

Mr Bearpark, a former chief of staff to Lady Thatcher, said the activities of private security companies had increased tenfold since the 1991 Gulf war. He insisted that the companies believed in regulation but the UK government had not come up with any proposal since a green paper on the issue four years ago. In the meantime, he said, the companies would appoint an independent ombudsman to investigate claims of abuse by employees.

The government admits that private security companies are here to stay, and that their operations are likely to increase further as pressures on the armed forces increase. Yet it is keeping the companies at arm's length, apparently concerned about dealing with "mercenaries". The companies, meanwhile, are desperate to shake off what they insist is an outdated and misleading moniker. Their tasks, they say, range from protecting individuals and convoys to "post-conflict reconstruction".

Critics say the main problem is that they are unaccountable. Non-Iraqi employees of private security companies in Iraq were protected from prosecution under Order 17 of the Coalition Provisional Authority, issued shortly before it handed over power in 2004.

War on Want said yesterday that civilian contractors - including men named in US military reports as having carried out abuses at Iraq's Abu Ghraib prison - have repeatedly escaped prosecution. The charity pointed to a report by US army general Antonio Taguba which stated that two workers employed by private defence companies CACI International Inc and Titan Corp were "either directly or indirectly responsible for the abuses at Abu Ghraib".

The charity also cited a video distributed on the internet which purported to show Aegis contractors firing at Iraqi civilian vehicles, to a soundtrack of Elvis Presley's song Mystery Train. A US military investigation cleared Aegis of any offence.

Geoffrey Dennis, chief executive of the humanitarian agency Care International UK, expressed concerns that in Afghanistan and Iraq the lines between security and aid were being blurred.

"When the military and private security companies get involved in so-called 'quick-impact projects', they are frequently ineffective, inappropriate, and short-termist," he said. "This is because they are based on a different agenda - either political or military - rather than on the need for sustainable reconstruction."

Hired guns

British private security companies have contracts in Iraq and Afghanistan worth £1bn. There are 48,000 employees of private security firms in Iraq - 21,000 of them British - according to War on Want. The total has now dropped to 10,000, British companies say. Aegis, which won a multimillion pound contract from the Pentagon to provide security in Iraq, saw its turnover increase from £500,000 in 2003 to £62m last year. ArmorGroup, a British company, trebled its turnover from £37m in 2001 to £122m. In Afghanistan, 150 employees of the US company DynCorp are protecting president Hamid Karzai. Blackwater has won contracts in Iraq and to combat opium cultivation in Afghanistan. Control Risks has contracts with UK and US agencies, including the Foreign Office, to provide security in Iraq

Originally Posted by shotgunsusie

more info passed thru pm...Susie: My friend called the branch manager of his B OF A this am. He said only the New York branch will be BUYing the dinar.
We are in the Northwest so don't know why they won't be doing that here.
My friend is going to stop by the branch onthe way home and talk personally to the guy, so will get back to you on that conversation.
We gotta be close!!!

{{{{update}}}}

He stopped by the bank today. The manager told him that he did not know when they would be buying or selling dinar at his branch. But he said that could change any day. Once again, he did not know the exact date that the New York Branch would start their endeavor but would be soon.

This coincides with the rumor that was posted here from the other forum, do you have confidence in this PM source as I read you didn't have any in the initial rumor from a few days back. Thanks.

Originally posted by SGS:

Quote:
The bank will maintain Marazi Iraqi on the other tracks in Ceasix cash efforts to achieve intermediate goals for reducing inflation and contain inflationary expectations, relying on "stabilizing nominal" cash Aatar Yazzmen rate of the Iraqi dinar against the dollar and boosted the purchasing power of the Iraqi dinar to move across the tracks and cash assistance in inflation targeting. As imply afor Ihalanange cash adopted by the World Marazi Iraqi Without doubt on the link between climate and means of monetary policy,whether in the area of interest rates or exchange rates on one hand,The stability of the general level of prices on the other hand promised the Association of tasks President underlying the Marazi Bank in the implementation of its goals to maximize the purchasing power of cash income and the strengthening of the capacities of the country coffers in a way that achieves the objectives of economic growth in the long term.

Just a thought here.
Does anyone find it feasible that they would rv at the Aatar Yazzmen rate of I think it was $3.67? I know, me either, but think about this - Goverments are holding large amounts of dinar, in turn they will have boatloads or 747's of money to buy the oil with. Also if they did rv at that rate think about how much money the US alone would get in taxes! And the taxes would not be just a one time deal because we would not spend all of our $ in 1 year. So we would pay taxes on it as long as we draw interest on it. Does this make sense or am I way off base?

Originally Posted by ronbo

Just a thought here.
Does anyone find it feasible that they would rv at the Aatar Yazzmen rate of I think it was $3.67? I know, me either, but think about this - Goverments are holding large amounts of dinar, in turn they will have boatloads or 747's of money to buy the oil with. Also if they did rv at that rate think about how much money the US alone would get in taxes! And the taxes would not be just a one time deal because we would not spend all of our $ in 1 year. So we would pay taxes on it as long as we draw interest on it. Does this make sense or am I way off base?

I think you're way off, but boy, do I love the way you think.

does anyone know if anything came out of the meetings today that might indicate any sort of r/v?

Originally Posted by www.xealthy.com

First of all the Old Dinar were SUPPOSEDLY distroyed.
Second NONE of the NIQD are the same dimensions of the USD.
Pretty tough job to shave off 1/16" & 1/2 from the 5k note and the 1k note is shy @ 1/2" in length. Believe half of what you see and none of what you hear!

Back to reality!

What on earth are you talking about?- first of all there are truckloads of old Saddam notes for sale on EBAY, secondly NIQD means NEW IRAQI DINAR and we were referring to old notes. Understand half of what you read before you post on it!