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

Originally Posted by lonelyintexas

Dear Mr. XXXXXX,

The pleasure is mine and we will continue to serve you best.

Warka Bank for Investment and Finance is offering 29.167% free paid capital
shares which will be credited to your account once we receive the
certificates which are currently being printed.

Although the foreign investment law has been passed it has not been yet implemented. Its working procedures and instructions are currently being
finalized. Once the official instructions have been released we will provide
you with full details. Once the law is put into practice we will transfer
all the stock to your good name.


Best regards,

Mr. XXXXXXX

This response received today. We are almost home-free people.

That's great to read LIT... only thing that is missing is a date. Hope we see it implemented soon.

Randy

Originally Posted by TEXASGIRL

Very funny!! Actually its "by the way"

not anymore... :) btw

Originally Posted by lonelyintexas

Dear Mr. XXXXXX,

The pleasure is mine and we will continue to serve you best.

Warka Bank for Investment and Finance is offering 29.167% free paid capital
shares which will be credited to your account once we receive the
certificates which are currently being printed.

Although the foreign investment law has been passed it has not been yet implemented. Its working procedures and instructions are currently being
finalized. Once the official instructions have been released we will provide
you with full details. Once the law is put into practice we will transfer
all the stock to your good name.


Best regards,

Mr. XXXXXXX

This response received today. We are almost home-free people.

This just made my day!!!!

Yeah, that reminds me - our acts all have "regulations" that tell how to enforce them. The regulations are much more involved than the acts themselves so it makes sense that it would take some time to draw them up.

Originally Posted by ronbo

Can you all imagine the party in Iraq if they hand out the 10,000 dinar checks and it should happen to RV at 3.22?
Any thoughts on this?

A dozen ships filled with the best the west has to offer should be on there way there as we speak. The ships arrive, the dinar revalues and the insurgency dies in a short time. Anybody know somebody that works for RR or Mercedes. Is a lot happening at the production plants. That would be a sure giveaway! LOL

Originally Posted by greatstuff

Yeah, that reminds me - our acts all have "regulations" that tell how to enforce them. The regulations are much more involved than the acts themselves so it makes sense that it would take some time to draw them up.

wait what?? huh? Sorry, to be the big doofus here, but I have no idea what that means....someone help?????

Originally Posted by MOM2TWO

wait what?? huh? Sorry, to be the big doofus here, but I have no idea what that means....someone help?????

Maybe greatstuff means articles?

This may have already been posted. I didn't see it but I am pretty brain dead after about 10 pages of posts much less 33.

Posted on Thursday, November 02 @ 03:40:15 PST
Topic: Kurdistan
The central bank of Iraq is considering licensing several foreign banks to operate within the country, mostly in the safe semi-autonomous region of Kurdistan, Sinan Al Shabibi, the bank's governor, said yesterday.

"There have been some applications to operate in northern region of Kurdistan, but their eyes are on Baghdad eventually," Al Shabibi told Zawya Dow Jones in an interview.
Al Shabibi said that the bank is considering several Turkish and Lebanese banks, but declined to disclose the names of the banks.

The Iraqi government licensed six foreign banks in 2004, including the National Bank of Kuwait, Arab Banking Corp., HSBC and Standard Chartered.

However, only Arab Banking Corp. operates a fully-fledged branch in the country as the rest chose to enter Iraq via a local partner.

"Because of the security situation, most join forces with local banks. There are a lot of banks that have expressed their interest Iraq, but they are waiting for the right time," said Al Shabibi.
The country also has six state-owned banks, the biggest of which are Rafidain and al Rasheed.

Al Shabibi hopes that Iraq's banking sector will be strengthened as it opens up to foreign banks, as they bring capital, modern banking systems, technology and management.
The government is also pushing for 25 private banks to merge.

"Our idea is to have some kind of minimum capital for banks, at least 20 billion Iraqi dinars. Some of the very small banks which do not have the capacity will have to merge, otherwise they will have to raise the capital alone," he said.

The central bank wants private banks to participate more in the country's economic activities, and for the country to be less dependent on the Trade Bank of Iraq, which is financed by a consortium of foreign lenders such as Citigroup and JP Morgan. It provides financing services Iraqi banks are unable to offer.

"We would like the government's import activities to be more diversified. We want all banks to participate. This is our policy for the future. The Trade Bank is doing fine, but we don't want to have to be completely dependent on that," he said.

Al Shabibi said the central bank is currently succeeding in its fight against inflation. "We are using the interest rate and we sell our own bills to skim liquidity. The inflation rate now is 51 per cent, down from 70 per cent previously. Whether it will continue to go down, we will have to see," he said

Originally Posted by MrsCK

HERE IS A HUGE FUNNY -

called the 800 line for BOA talked to an investment rep that said "I need to call another 800 #"

Ok I call this 800 # and it is for Fidelity Capital Markets Service. Now this rep is a bit of a jerk, maybe he didn't like my "dump questions". But anyway this is what was said:

Me : I would like to buy some Iraq Dinar if I can get some info on it.

Rep: We don't handle dinar that we can send you.

Me: Well could I purchase as in one of those forex thingys, sorry just trying to understand this currency stuff and don't know much about it.

Rep: no we do not handle dinar because it's not a world traded currency only in Iraq.

Me: Sir, I really don't understand what you just said can you give me a currency 101 class on what that means.

Rep: it means that the currency is used in Iraq and can not leave the COUNTRY. (ok here is were I about busted a gut from not laughing in the phone)

Me: Will it ever become a...what did you call it.....ah... world currency so it can leave Iraq?

Rep: No not anytime soon, maybe in the future but dought it.

Me: It can't leave Iraq???? (stressed voice) OH MY my sister just went to Chase Bank last week and purchase Iraq Dinar, they ordered it from BOA and BOA gave me your phone number and that's how I got you. OH MY if it's not to leave Iraq will that get Chase Bank in TROUBLE or my sister???? OH MY OH MY

Rep: You need to call Chase bank - have a nice day - he hung up.

GW drew it for them and these guys are not even in Iraq, army reserves.I was already laughing from the earlier post, and nearly hurt myself laughing at this one.

Originally Posted by phiberoptik

ok im officially scared...... i called the Video series inquiries number at the inf and got rolled over to the operator who in turn tranfered me to pubic relations ( mind you i'm not expecting them to be in the office yet ) i tried the ole " im a student doing a report line" heres how the call went.



PO: good morning.. really wasnt expecting someone to be in the office this morning.

IMFGuy: ya someone's here round the clock its always busy around here.

PO: i understand.. i'm doing a report for my polysci class and i wanted to ask someone some questions about the Art VIII and Iraq. is there someone whos brain i can pick or should i wait till office hours when theres more people around.

IMFGuy: pause's... sure but can you hold on a sec

Call placed on hold..


IMFGuy: you wouldnt happen to be part of a message board called ROLClub would you ( pronounced it roloclub)

PO: guilty pause..


IMFguy: i thought so .. didnt you say you were gonna call in a could of hours.
fibberopti ( pronouced it just like that ) what kinda name is that anyway ..

PO: its fiberoptic ( correct way to say it ) and its kinda a long story.
well since you seem to know who i am no sense in beating around the bush anymore im sure you know why i really called .. so how about it..


IMFGUY: we're not allowed to discuss senstive information or a non secure line. and besides im not the only one who reads that site. i dont want to lose my job..


Po: i understand thanks ne way .. Hangs up.


NOw i know you can read this whoever you were .. join the club be part of the team.. quit lurkin...

wtf? are u serious?damn infiltrator!