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

Originally Posted by phiberoptik

you mean burger king there isnt a macdonalds in fallujah

Did you say theres a Burger King in Fallujah, wow i love Burger King, rock on double whopper.

I know it's friday in Iraq... but...

how do you say??? ah yes...




WOOT...

Originally Posted by RollsRoyce

Page won't load . . . maybe down for maint. . . .

I'm not saying they don't show an exchange rate / I just have yet to find a branch anywhere near me that is willing to sell . . . or buy IQD . . .

They're all polite & use the "maybe in the future - when it's traded" line, & have no idea about anything changing on Nov. 13th . . . .

PS: BTW / I'm not doing this running around to buy more or to sell . . . I'm only stopping when I happen to see a branch . . .

Within 2 days of R/V, [A Wed], . . . any bank, from the Tinyest / to the Hugest / will do anything they have to do to insure that you make this rather unusual deposit in their bank / of this I am sure . . .

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.

Could someone please enlighten a novice share purchaser what Mr. I means when he says his bank is offering 29.167% free paid capital shares.

Originally Posted by Dinar Duchess

Could someone please enlighten a novice share purchaser what Mr. I means when he says his bank is offering 29.167% free paid capital shares.

thats how much the guy bought of warka stock in the isx via the warka investment bank and they were letting him know thats how many stock were going to be put into his name etc.

Iraq: Ethnic Tensions Increasing In Oil-Rich City - RADIO FREE EUROPE / RADIO LIBERTY

Gulf Daily News

Gulfnews: Beijing and Tokyo keen to develop oilfields

Kuna site|Story page|Jordanian FM discusses Mideast developments with U...11/3/2006

Independent Online Edition > Middle East

Asia Times Online :: Middle East News - Iraq: Bush has a plan, and it's working

Auditors Say Shift of Rebuilding to Iraqis Appears 'Broken Down' - washingtonpost.com

Gulfnews: Republicans have the last laugh

Iraqi leader may reshuffle Cabinet

.:: Peyamner Daily NEWS::.

Translated version of http://www.sotaliraq.com/

Morningstar - Dow Jones & Company, Inc.: Iraq May Send US Force Home In 2 To 3 Years -Talabani

Free Flow: Help is on the way for railroads in Iraq - Business - International Herald Tribune

Sotaliraq.com

Sotaliraq.com

Sotaliraq.com

Sotaliraq.com

Welcome to Rafidayn: The Iraqi information service

http://64.233.179.104/translate_c?hl...1/20061102.asp

Originally Posted by shotgunsusie

i want the reval BEFORE the fil is posted in the gazette!!
<throws fit to get her way>

Was you alway's that cute when you threw a fit as a little kid?

Looks like big things happen behind closed doors...don't underestimate what has already been done....come on reval big things are approaching...hang on everybody.

Congress Tells Auditor in Iraq to Close Office.
Nov 3 2006 - 2:14am

New York Times

Published: November 3, 2006

Investigations led by a Republican lawyer named Stuart W. Bowen Jr. in Iraq have sent American occupation officials to jail on bribery and conspiracy charges, exposed disastrously poor construction work by well-connected companies like Halliburton and Parsons, and discovered that the military did not properly track hundreds of thousands of weapons it shipped to Iraqi security forces.

And tucked away in a huge military authorization bill that President Bush signed two weeks ago is what some of Mr. Bowen’s supporters believe is his reward for repeatedly embarrassing the administration: a pink slip.

The order comes in the form of an obscure provision that terminates his federal oversight agency, the Office of the Special Inspector General for Iraq Reconstruction, on Oct. 1, 2007. The clause was inserted by the Republican side of the House Armed Services Committee over the objections of Democratic counterparts during a closed-door conference, and it has generated surprise and some outrage among lawmakers who say they had no idea it was in the final legislation.

Mr. Bowen’s office, which began operation in January 2004 to examine reconstruction money spent in Iraq, was always envisioned as a temporary organization, permitted to continue its work only as long as Congress saw fit. Some advocates for the office, in fact, have regarded its lack of a permanent bureaucracy as the key to its aggressiveness and independence.

But as the implications of the provision in the new bill have become clear, opposition has been building on both sides of the political aisle. One point of contention is exactly when the office would have naturally run its course without a hard end date.

The bipartisan opposition may not be unexpected given Mr. Bowen’s Republican credentials — he served under George W. Bush both in Texas and in the White House — and deep public skepticism on the Bush administration’s conduct of the war.

Susan Collins, a Maine Republican who followed the bill closely as chairwoman of the Senate Committee on Homeland Security and Government Affairs, says that she still does not know how the provision made its way into what is called the conference report, which reconciles differences between House and Senate versions of a bill.

Neither the House nor the Senate version contained such a termination clause before the conference, all involved agree.

“It’s truly a mystery to me,” Ms. Collins said. “I looked at what I thought was the final version of the conference report and that provision was not in at that time.”

“The one thing I can confirm is that this was a last-minute insertion,” she said.

A Republican spokesman for the committee, Josh Holly, said lawmakers should not have been surprised by the provision closing the inspector general’s office because it “was discussed very early in the conference process.”

But like several other members of the House and Senate who were contacted on the bill, Ms. Collins said that she feared the loss of oversight that could occur if the inspector general’s office went out of business, adding that she was already working on legislation with several Democratic and Republican senators to reverse the termination.

One of those, John W. Warner, the Virginia Republican who is chairman of the powerful Senate Armed Services Committee, said in a statement that Mr. Bowen was “making a valuable contribution to the Congressional and public understanding of this very complex and ever-changing situation in Iraq.”

“Given that his office has performed important work and that much remains to be done,” Mr. Warner added, “I intend to join Senator Collins in consulting with our colleagues to extend his charter.”

While Senators Collins and Warner said they had nothing more than hunches on where the impetus for setting a termination date had originated, Congressional Democrats were less reserved.

“It appears to me that the administration wants to silence the messenger that is giving us information about waste and fraud in Iraq,” said Representative Henry A. Waxman, a California Democrat who is the ranking minority member of the House Committee on Government Reform.

“I just can’t see how one can look at this change without believing it’s political,” he said.

The termination language was inserted into the bill by Congressional staff members working for Duncan Hunter, the California Republican who is the chairman of the House Armed Services Committee and who declared on Monday that he plans to run for president in 2008.
Mr. Holly, who is the House Armed Services spokesman as well as a member of Mr. Hunter’s staff, said that politics played no role and that there had been no direction from the administration or lobbying from the companies whose work in Iraq Mr. Bowen’s office has severely critiqued. Three of the companies that have been a particular focus of Mr. Bowen’s investigations, Halliburton, Parsons and Bechtel, said that they had made no effort to lobby against his office.

The idea, Mr. Holly said, was simply to return to a non-wartime footing in which inspectors general in the State Department, the Pentagon and elsewhere would investigate American programs overseas. The definite termination date was also seen as helpful for planning future oversight efforts from Bush administration agencies, he said.

But in Congress, particularly on the Democratic side of the aisle, there have long been accusations that agencies controlled by the Bush administration are not inclined to unearth their own shortcomings in the first place.

The criticism came to a head in a hearing a year ago, when Representative Dennis J. Kucinich, an Ohio Democrat, induced the Pentagon’s acting inspector general, Thomas Gimble, to concede that he had no agents deployed in Iraq, more than two years after the invasion.

A spokesman for the Pentagon inspector general said Thursday that Mr. Gimble had worked to improve that situation, and currently had seven auditors in Baghdad and others working on Iraq-related issues in the United States and elsewhere. Mr. Gimble was in Iraq on Thursday, the spokesman said.

Mr. Bowen’s office has 55 auditors and inspectors in Iraq and about 300 reports and investigations already to its credit, far outstripping any other oversight agency in the country.

But Howard Krongard, the State Department inspector general, said that the comparison was misleading, because many of those resources would probably flow to State and the Pentagon if Congress shuts Mr. Bowen’s office down.

“I think we are competitive to do what they ask us to do,” Mr. Krongard said, referring to Congress.

Mr. Kucinich and other lawmakers said that Iraq oversight could also be hurt by the loss of Mr. Bowen’s mandate, which allows him to cross institutional boundaries, while the other inspectors general have jurisdictions only within their own agencies. Mr. Krongard said that issue could be handled by cooperation among the inspectors general.

Officials at the State Department and the Pentagon made it clear that in general terms they supported Mr. Bowen’s work and would abide by the wishes of Congress.

While the quality of Mr. Bowen’s work is seldom questioned, he is sometimes accused of being a grandstander who is too friendly with the news media. Mr. Bowen has responded that it is standard procedure to publicize successful investigations as a way of discouraging other potential wrongdoers.

Among the disagreements on the termination language in the defense authorization bill was exactly how much it would have shortened Mr. Bowen’s tenure. An amendment in the Senate version of the bill actually expanded the pot of reconstruction money his agents could examine.

Because the tenure of his office is calculated through a formula involving the amount of reconstruction money in that pot, the crafters of that amendment figured that it would have extended Mr. Bowen’s work until well into 2008 — or longer if Congress granted further extensions.

Mr. Holly agrees that the Senate language would have expanded that pot of money, but he says that in the Republican staff’s interpretation of the formula, Mr. Bowen’s tenure would have run out sometime in 2007 whether the money was added or not.

In any case, as the bill came out of conference, the termination date of Oct. 1, 2007, was inserted, effectively meaning that Mr. Bowen would have to start working on passing his responsibilities to other agencies by early next year.

Capitol Hill staff members said that after House Democratic objections were overridden, Senate conferees agreed to the provision in a bit of horse-trading: the amount of money Mr. Bowen could look at would be expanded, but only with the hard termination date.

Mr. Bowen himself declined to comment on the controversy surrounding his office, saying only that he was already working with the other inspectors general to develop a transition plan in accordance with the defense authorization act. “We will do what the Congress desires,” Mr. Bowen said.

Originally Posted by shotgunsusie

have you checked the population of planet earth lately?? and there are even a hundred thousand investors maybe? hmm, thats like NOBODY.

I agre with SGS. We are a drop in the bucket. But what is not good is to have say 1/2 that number calling all of these diffferent places and digging at them about this issue. I can only inagine what they say when the day is over, about investors as a whole.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2470

The benefits of joining the IMF and the World Bank
The benefits of Iraq joining the IMF and the World Bank
02/11/2006
Source: Al-Sabah


Economists, concerned Iraqis and foreigners disagree on the subject above while some of them believe that Iraqi government has rushed to resort to the IMF and the World Bank to reschedule its debts on the terms of implementing the policy of economic reform; however, only (11.6) billion dollars of the foreign debts have been quenched as a first stage, and this only makes (7.8%) of the foreign debt. It is a small percentage in return for submitting to the conditions of the economic reform policy, which include:

1- raising support for the prices of fuels and other services.
2- Canceling the ration card.
3- Privatization of the public sector and transfer most of its business to the private sector.

However, the application of these procedures in light of the current circumstances of the country and this speed has serious negative repercussions on the Iraqi society who is suffering already. It is unreasonable to convert a centrally planned economy based on the absolute leadership of the public sector for four decades into a liberal economy based on free market economy, overnight. After the events of 9\4\2003, Iraq suffered from political and economic shocks that are intolerable for a developing country like Iraq.

According to the latest statistics of the Ministry of Planning and Development Cooperation in Iraq, (60%) of the citizens are below the poverty line. So, if the ration card is abolished and subsidies on fuel prices and services are removed, how many will their percentage be? Moreover, the unemployment rate was between (40% - 50%), when taking these measures, the increase would amount to more than that; this means that poverty line will increase and thus increasing rates of crime and corruption since Iraq is considered one of the young population nations whose population pyramid has a broad base and unemployment are concentrated in the younger ages, that (3) out of (4) Iraqis under the age of 25 are unemployed. The concentration of unemployment in this group of age had very dangerous political and social consequences since unemployment is considered a fertile environment for the growth of crime, extremism and violence which emerged strongly to the surface in Iraq, particularly after the events of 9\4\2003 and left serious negative effects on Iraq. There are many examples for such dangerous consequences, like: (the revolution of bread in each of Egypt and Tunisia, and the revolution against raising fuel prices in Yemen, etc.).

Despite all this, we believe that Iraq can achieve benefits when joining the IMF and the World Bank. There will be a genuine development, as the case now in some Gulf countries, Emirates for example, through encouraging investments in vital and important sectors, such as the agricultural, through many inducements like the granting of loans and tax exemption etc... The remaining investments are left free to supply and demand. Since Iraq has natural resources of cheap prices, surely the costs of production will be much less than other countries; therefore, it is possible to manufacture materials then export them. Thus, why do we, now, import cement of bad types when we already have the fine raw materials for manufacturing this material? ِ Another benefit of the accession, is that we will get cheap raw materials to help our industry, and we will also import expertise and technology to create developed industry and agriculture.

But what is happening in Iraq now is that some places are built and others are demolished. Therefore, Iraq is at an important crossroads that requires from everyone, especially economic policy-makers in the country, to review the ideological basis and economic theories which they use to form the policies and the applications should be compatible with the concepts of modernization and reform promoted for, and this is one of the biggest economical challenges that we face today.
Thus, the deteriorating reality between the suffering of the society and with the requirements of the economical policy of the State, raise a question: what do we do to walk out of this crisis without a flaw negatively affecting the economic process of the citizen and the state as well?

wonder how many times they are going to republish this one, lol.