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

Originally Posted by ordinaryseawoman

I know we don't like to hear bad news, but is anybody going to comment on this? Reading it, it looks like opinion, but who's opinion? Sounds like they have moved beyond anger and frustration to stoic resignation and acceptance that the FIL will not be implemented...

hhmmmm the impression I got too, hope we're wrong.

COMPARISON OF LAST 9 AUCTIONS.....

Number of banks:
11/2/06 (16)
11/7/06 (14)
11/8/06 (20)
11/9/06 (14)
11/12/06 (10)
11/13/06 (17)
11/14/06 (15)
11/15/06 (19)
11/16/06 (12)

Auction price selling dinar / US
11/2/06 $1470
11/7/06 $1468
11/8/06 $1466
11/9/06 $1465
11/12/06 $1465
11/13/06 $1465
11/14/06 $1460
11/15/06 $1455
11/16/06 $1454

Auction price buying dinar / US
11/2/06 $ ----- -----
11/7/06 $1466
11/8/06 $1464
11/9/06 $------ -----
11/12/06 $1463
11/13/06 $1463
11/14/06 $------ -----
11/15/06 $------ -----
11/16/06 $------ -----

Amount sold at auction price (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000
11/12/06 24.880.000
11/13/06 110.265.000
11/14/06 62.540.000
11/15/06 64.960.000
11/16/06 39.945.000

Amount purchased at Auction price (US $)
11/2/06 -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------
11/12/06 2.500.000
11/13/06 2.600.000
11/14/06 ------
11/15/06 ------
11/16/06 ------

Total offers for buying (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000
11/12/06 24.880.000
11/13/06 110.265.000
11/14/06 62.540.000
11/15/06 64.960.000
11/16/06 39.945.000

Total offers for selling (US $)
11/2/06 ----- -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------ -----
11/12/06 2.500.000
11/13/06 2.600.000
11/14/06 ------ -----
11/15/06 ------ -----
11/16/06 ------ -----

US Dollar
USD
11/2/06 1470.000
11/2/06 1469.265
11/7/06 1470.000
11/7/06 1469.265
11/8/06 1468.000
11/8/06 1467.266
11/9/06 1466.000
11/9/06 1465.267
11/12/06 1465.000
11/12/06 1464.268
11/13/06 1465.000
11/13/06 1464.268
11/14/06 1465.000
11/14/06 1464.268
11/15/06 1460.000
11/15/06 1459.270
11/16/06 1455.000
11/16/06 1454.273

Originally Posted by Hope Full

sorry if already posted

Economic : economic researcher : the investment law, the key to economic growth required
He stressed the importance of activating its implementation
Baghdad-Haidaralerbei'i
Is the birth of the new Iraqi investment law, the most important and significant economic decisions reliable Iraqi many of the observers and specialists in the Iraqi affair. The number of researchers and many economists
The basic building block in the growth of the economies of all the country which will contribute greatly to the elimination of unemployment and the alleviation of inflation as well as the transfer of expertise, science break into Iraq by the investing companies.
Of other investment law that would improve all aspects of life, business, industrial, tourist and thereby improve the social situation of the Iraqi people. However, this law has meant a lot of work and expertise and the economic benefit from it so as to make good on top of these things provide the security side, which deems (Manaf jeweler), an economist at the Iraqi Center for Economic Reform most important thing in attracting investors and capital into Iraq. He says jeweler : Let us when a group of specialists concerned with the economic situation and to expedite the completion of the Investment Law and legislation matters of security on the ground was less severe than it is now. Despite all the security conditions, the timely minimum investment environment was available and today we find ourselves in the security situation is bad and impacted negatively on the economic and investment environment as well as the reluctance of the process of the reconstruction of Iraq and the accompanying from the failures of implementation because of administrative corruption class base and lack of seriousness P j-oriented economic reconstruction and rational through the involvement of all concerned in the economic process, whether civil society organizations (businessmen, the Iraqi Union of Industrialists and the Chamber of Commerce. etc.) as well as university professors and Exchange Commission and the Iraqi media, because all they are concerned the real process of building a for economic and jeweler adds that the failure to the security side, led to the dismal failure and a big vacuum in the economic performance from the flight of most traders and industrialists out of Iraq.
Therefore, we can deduce that a simple survival of things as they are now render investment law void and become legally dead because we will not provide for this fledgling air we breath of is the stability in all its facets as we will eventually get tired economy into a debilitating medicine is not particularly high inflation, we are witnessing an unprecedented rate in the world as well as T. the cessation of all economic sectors, which will help to raise the gross domestic product (such as housing, industry and agriculture).

Hopeful, where did this come from please..... Should we be worried.......is there anyone out there that can throw some light on this one please....

Originally Posted by ordinaryseawoman

I know we don't like to hear bad news, but is anybody going to comment on this? Reading it, it looks like opinion, but who's opinion? Sounds like they have moved beyond anger and frustration to stoic resignation and acceptance that the FIL will not be implemented...

Anyone got the link? Sounds like opinion, a wanky one at that! The FIL is being embargoed, we know it was passed, 10 October, we're just waiting for them to implement it, and they will when they are ready.

The country goes nowhere without it, simple as that, and they know that. Not going to happen people, quit worrying.

Originally Posted by ordinaryseawoman

I know we don't like to hear bad news, but is anybody going to comment on this? Reading it, it looks like opinion, but who's opinion? Sounds like they have moved beyond anger and frustration to stoic resignation and acceptance that the FIL will not be implemented...

I think this is the sense of many Iraqis - they want to economic situation to improve but the GoI is slacking off (so it seems).

Therefore, we can deduce that a simple survival of things as they are now render investment law void and become legally dead because we will not provide for this fledgling air we breath of is the stability in all its facets as we will eventually get tired economy into a debilitating medicine is not particularly high inflation, we are witnessing an unprecedented rate in the world as well as T. the cessation of all economic sectors, which will help to raise the gross domestic product (such as housing, industry and agriculture).

Is this his opinion or it's true? I thought the law was enacted after 30 days of signing...

Obviously somethng has to be done (regarding laws) for large scale foriegn investment to happen.

It sounds to me like the author has basically given up on the thought of any economic freedom because of the delay in enacting the fil, alot of promises have been made by their gov. that havent been kept yet, i don't beleive there is anything to worry about, he's basically sounding off because of dissapointments and most likely fed up with waiting.

Of course if you look at things one sided you will get only one point of view. Lets be open here. Did you ever think that if the US got their ass out of Iraq (we were lied about the reason for the war anyway) that maybe, just maybe things will settle down a bit and the chaos would end?
Think about it....... The Iraqis want to run their own country. My step-kids want to run the house too, but does that mean I'm giving up my authority? No, there will be a time for them to run their own house, but now isn't it.Many of Iraqis think that the current Iraqi govt is a puppet govt of the US. Same thing, they think I'm too strick, but then they have never had structure in their lives, nor have they not had to worry about anything else the way they have it now. Key point....they're not ready to run their own house yet, nor are the Iraqis completely ready to run their whole situation yet either. Eager? yes, but prepared, that is highly doubtful. They didn't get into this position overnight. We're talking decades.If the US got out then there would probably be more widespread support for Maliki and the current administration because of the appearance of being independant of the US.And the house would be in an shambles in no time at all. Then who is going to come in a mop up the mess. There's an old saying..."A job undone is left for someone else to do." that comes to my mind and when that happens the one left to deal with it never has full understanding of how everything was intended to be in the first place. You people of the "cut and run bunch" don't seem to realize...George Bush was not elected President by anyone save GOD alone. Is he perfect? NO! but is he the right man for the job? Yes! Does he stumble over his words? Yes, from time to time, but trade positions with him for one day, and I guarantee you too would be stumbling over your words. More than likely, any one of us would be literally pulling our own hair out if we had to deal with all he is confronted with on a daily basis.
So either way this is going to work out. Either it will be by force(the US and some Iraqi forces) or it will be by the relief of the Iraqi people that their country is not occupied anymore by US forces and the violence subsides. NEWS FLASH! This hasn't been done by U.S. Forces alone. Yes, it has been our funding, and mostly our dedicated men and women but it has been a coalition of forces from the very beginning. Iraq isn't only an interest to the U.S., but is of interest and benefit for the entire world. U.S. presence in Iraq is like yeast in dough, we give the whole situation what it takes to rise to a level it may have never seen without us. If we are such horrible people for being their, why is it that people from around the world dream of one day living here? Some have even given their lives trying to make it into our borders. I don't know, hope none of you look at me like I'm a lunatic, but this just got under my skin and I get tired of all the whining. Get over it, Whew! I feel better...think I'll go make the coffee.

Originally Posted by _Apollo_

Nope... And if your the one trying to get my brother to get some from me, then stop it! ;)

We have sent most local customers to Chase. Its hit and miss here though. Don't really understand why banks that sold it last week are no longer, and banks that haven't are now. And they are all Chase banks!

Dan

Because the ones that sold it last week now have experience with it and the ones that did not sell it last week are selling this week so they know how to deal with it when "Whammmmmmo"!!

Just a thought.

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PUKmedia Ibrahim Mohammad Sharif / Cairo :

.Under the auspices of the League of Arab States, the Ministry of Foreign Affairs of Malta, under the supervision of the Union of Arab Investors held Wednesday evening at the headquarters of the Egyptian capital Cairo. a press conference management Ambassador Mohamed Gamal Eddin Bayoumi, Secretary General of the Union and attended by the Ambassador of Malta in Cairo, Dr. Rahman Awad, head of the Arab-African Center, Sheikh Ra'ad Al-Hamadani member of the Union of Arab Investors, a representative of Iraq.

.The (software) for the presence of the media a detailed explanation of the nature and importance of the goals of the Second International Conference on the Law of the Internet, which will be held in the city of Valletta, the two suspects] did for the period from 27 until November 30, 2006 preceded the ongoing international investment forum (to the east) at the International Conference Center in Cairo on 25 and 26 December, May 11, 2006, organized by the Center Halio Paul management and business forum comprising ministers and representatives from all Arab and foreign countries.

لThe forum aims to contribute to the promotion of economic cooperation and increase industrial integration and the development of trade exchange and activating bilateral investments and joint between the Arab countries and all countries of the world, He hopes UAI and the Center to provide a forum of Arab integration unique opportunity for the participation of many Arab government and the public, especially to take advantage of the convergence enables including prominent business activities and systems of local Arab and international in the region.

.It covers several axes of the Forum aims to make the participants in order to achieve the greatest benefit in the context of deepening economic cooperation, increase industrial integration and the development of trade exchange between Arab countries and the world, promoting investments and common interfaces. .The Forum invites a selection of the ministers and senior officials, representatives and participants from most of the Arab states leading in the field of investment and its Arab and African, Asian and European.

.Participating sectors and industries because of the diversity of interests of the participants and to accommodate the needs of the major groups and investors with multiple interests have prepared the company organized several conferences and exhibitions mounted in parallel to the axes of the several bilateral meetings and sectors that is the activity of each factor for the other sectors.

ف. It is noteworthy that the status of Heliopolis business management is a center specializing in the organization of conferences, symposia and in the organization of symposia and conferences for the following bodies and others : United Nations (New York) - The Ministry of Trade of America - the USAID-participation in the opening of the Alexandria Library It should be noted that the office work with the European Union since the preparations for the participation in the Mediterranean in 1994 under the support of the joint Arab action in the areas of investment, trade and regional integration and formulate an Arab-Arab deal with the directives and global economic openness to the global economy, he agreed UAI the invitation of the Center for the Heliopolis business management to be among the sponsors of this important event and to provide technical support to him in support of efforts to achieve cooperation between the Arab States and the world economies and the strengthening of interaction with the changes at the global level and integration in the global economic Wei UAI hope that it offers (to the east) Forum on International Investment good opportunity for the participation of Arab and international organizations, public and private Atsvadh from its interaction with the Forum of the most prominent systems Arab and international business in the region.

Justice / special source confirmed authorized in the Iraqi Central Bank that there is no intention at this time to change the Iraqi currency,

.It is expected that the issuance of new categories to the transaction in accordance with the requirements of the Iraqi economy to meet the expenses of the state in the next stage. ي.With regard to the supervision of the local banking activity in Iraq by the Central Bank of Egypt and means of reform, The source pointed out that the Central Bank will supervise banking activity level by the activities of banks towards the enhancement of their role in the implementation of monetary policy in particular through channeling the savings to the various aspects of investment, so as to achieve economic growth. عار!.He added : The Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country with the Iraqi Central Bank to sell the American dollar against the Iraqi dinar through a daily auction exhibit, since this auction is a tool for achieving stability in the value of the Iraqi dinar by defending the exchange rate stable for a long time. This, in turn, will affect the general level of prices

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