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

If posted before, please remove.

MENAFN - 02/11/2006


(MENAFN) The Gulf Daily News reported that 16 high officials from Iraq Central Bank (CBI) are to start advanced training program organized by the Bahrain Institute of Banking and Finance (BIBF) in co-operation with the International Monetary Fund (IMF) and Federal Reserve Bank of New York at the BIBF.

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

He added that the workshop will be focusing on the practical implementation in the field of banking supervision as well as 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.

It is worth mentioning that the program is part of a series of successful workshops, which will further contribute to the training and education process of the Iraqi people. A similar workshop on banking supervision was conducted successfully at the BIBF in June 2004.

MENAFN - Middle East North Africa . Financial Network News: CBI officials to undergo an advanced training at the BIBF

If posted before, please remove

Bahrain Tribune - 02/11/2006


There is a huge opportunity for investors and developers to participate in Iraq's massive reconstruction projects as the government has set aside a budget of more than $33 billion for the 2007, in addition to more than $18 billion committed by the international donors. This has made Iraq the most attractive country in the region given the magnitude and size of investments for the ongoing infrastructure and construction projects, Ghassan Muhsen Hussein, Iraqi Ambassador said yesterday.

The Ambassador, who was speaking at a Press conference to launch the Gulf Iraqi Expo "GIX" in Bahrain - the first trade show ever organised by the Iraqi government outside the country, said that he was optimistic that exhibitions and conference would highlight the hidden potentials of the emerging Iraq.

The GIX that will be held from March 24 to 26 is targeting 600 exhibitors in different sectors of trade from the Gulf and Middle East. Iraqi Ministry of Trade - State Company for Iraqi Fairs and I-vision for PR and media in association with Magnum Events and Exhibitions Management MEEM has announced GIX.

He added: "Most of the rebuilding works have not started yet and the opportunities are still ahead for prosperous businesses in Iraq. Being an active pioneer in the Iraqi market is vital for the companies company. Iraq is now a secure place to have business venture there, but the Central area where some tension is still there. The Northern and Southern areas of Iraq are calm and businesses are flourishing there already where we have many businesses from United Arab Emirates and Kuwait. The Northern area has 2,000 GCC and Arab companies mainly in Kurdistan."

Jamil Wafa, Group Chairman Magnum Holdings and Unitag Group confirmed that the GIX in Bahrain will get a 55 per cent success which he said was a satisfactory target for the first time. "The most important of all is that the preparations should to do in advance and the event that will be an annual feature will be up to the mark.

"It is not necessary that Bahrain should benefit from this event. We are supporting Iraq as a brotherly nation to the GCC countries and it is part of our duty to stand by them and support. The Bahrain Chamber of Commerce and Industry is invited exhibitors and visitors from Bahrain and other GCC and Arab countries to take part."

Wafa said hundreds of exhibitors from around the GCC countries and the world will participate in this year's Gulf Iraqi Expo.

Murtada Aldin, CEO I Vision events and media said that there are 50 Iraqi companies that have signed to take part in the event. "Iraq has a new vision where the expectation from the private sector is to build the country. Besides the oil industry the other areas such as the private sector should contribute in the growth of Iraq."

MENAFN - Middle East North Africa . Financial Network News: Iraq offers massive trade opportunities

Originally Posted by Dinar Duchess

It would be a good idea to just throw it out there and let everyone discuss it. How do you feel about what you have heard. Do you think they would be privy to the sort of information they have given you.

Can we have some suggestions on what the negative news may be from these guys at the World Bank. What can be so bad that someone does not want to post it. Any views please

Hope paynes won't mind me posting this. Certainly signing something, love to know for sure what it is!


PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ

This is it folks.

I am going out on a limb here and giving all the International Compact Members alot of credit for the keeping the Compact and its true meaning out of the the news. The GOI's Ministry of finance has given misinformation in statements about lopping zeros, reprinting the currency and exchanging the dinars 1500 to 1. The GOI is now bound by the Compact and have no choice but to keep the currency they have. The Media has also done a excellent job of bringing the absolute worst case stories of Iraq to our televison sets about how bad it is over there and then behind the scenes we have 22 countries that are signing the International compact for the reason of stablizing the Middle East.(see link above for pics of signing ) In Germany the reason for the Marshall Plan was they did not want the soviet Union spreading Communism throgh out Europe. Sound Familar?

Get ready a revalue is on the way.

Originally Posted by Dinar Duchess

Can we have some suggestions on what the negative news may be from these guys at the World Bank. What can be so bad that someone does not want to post it. Any views please

They may not want to post it because the source was not 100% sure it (what ever IT is) was true.

The first thing i thougt about is someone who search attention,just to see how folks reacht ...but i could be wrong

Originally Posted by Drjansson

The first thing i thougt about is someone who search attention,just to see how folks reacht ...but i could be wrong

I have to say whenever a poster writes a post like that then logs off, kinda makes you wonder.....

Sus, can see you down there, come to the party girl!!!

Do I hear a Wootttttttttttttttttttttttttttt for paynes post?????????????

OK, like I said I would, I contacted my brother in-law and a very good buddy so we could put this story to rest about our service men being given Dinars to hold till the 15'th of November...

I'm keeping all names, rankings, Divisions, Battalion, and location private...
I will say they both hold very good rank but my brother in-law definately holds a higher rank...

I phoned my brother in-law last night and talked to him on this situation, he actually is not going to deploy for a few more months... He said he has not heard anything of the sort and said that was one of the more rediculous things he had heard, I kinda already thought that since I know routine... He said he would look into it but again thought it was rediculous... We do carry cash over there but it is what we decide to bring out of our own pockets, we also had or still have a means to request money from our base where located...
OK, my brother in-law called me back today and said as he thought it was not happening like that and it was a negative that branches were given out Dinars to them before being deployed, he said he made numorous calls and all were negative with the "WHAT" response...

My buddy sorry to say his wife informed me that he already has been deployed... She said she knew nothing of him leaving with Dinars, she said all those Dinars we purchased are in her hands and she definitely would have known if he was given Dinars before he left as she has spoke with him 5 times already since he left here just recently... She also explained they did leave earlier than were supposed to due to the fact of security and the soon outcome of the Saddam trial... She was going to get him to call me sometime this week!!! That is awsome, I will actually have someone on the ground there who can contact me, I will also not be making his location in Iraq public, so please don't ask me...

I assure everyone on here that you can 99.9% put the rumor of Dinars being handed out to our service men/woman to rest, it is NOT happening NOR will it EVER happen...SORRY

I will let all know anything interesting he says when I get the call from him here in the next few days, he is a Dinar investor so he will be listening rest assure...

Originally Posted by Adster

Hope paynes won't mind me posting this. Certainly signing something, love to know for sure what it is!


PREPARATORY MEETING FOR THE INTERNATIONAL COMPACT WITH IRAQ

This is it folks.

I am going out on a limb here and giving all the International Compact Members alot of credit for the keeping the Compact and its true meaning out of the the news. The GOI's Ministry of finance has given misinformation in statements about lopping zeros, reprinting the currency and exchanging the dinars 1500 to 1. The GOI is now bound by the Compact and have no choice but to keep the currency they have. The Media has also done a excellent job of bringing the absolute worst case stories of Iraq to our televison sets about how bad it is over there and then behind the scenes we have 22 countries that are signing the International compact for the reason of stablizing the Middle East.(see link above for pics of signing ) In Germany the reason for the Marshall Plan was they did not want the soviet Union spreading Communism throgh out Europe. Sound Familar?

Get ready a revalue is on the way.

Maybe this (the misinformation) was told to Inscrutable why he didn't want it to post. Maybe IMF and World Bank is called a lot by people by speculators and I think they created a story to scare everybody.

I could remember a member telling: "watch out for the shake out". Telling misleading and the worst case scenario's to shake out scared investors.

I think nobody will tell us what really is going on. They are doing everything to prevent speculation.

Nice post Adster. I am going to take a nice cold beer and have a good sleep tonight and have good hope for sunday and next week.