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

Originally Posted by yardbird

Kind of a halfa$$ take on this: 1 if you've committed a crime within the past 5 years, 2 if you make more then 1 million dinars, 3 if you had left the country then you won't be in on Iraq oil wealth.

What confused me about this....

"He explained that the law would shroud the cash portion who earns more than 1 million dinars."

is the use of the word "SHROUD". To me the word shroud means hidden. Very confusing.

Cheers!
DayDream

Originally Posted by DayDream

What confused me about this....

"He explained that the law would shroud the cash portion who earns more than 1 million dinars."

is the use of the word "SHROUD". To me the word shroud means hidden. Very confusing.

Cheers!
DayDream

Hmmm... what about shroud meaning to cover? I'm reaching here, like the law considers if you make a million or more then you're more then compensated?

Originally Posted by Vipor

The only one I've seen concerning the HCL is this one posted this morning by Adster (post #164).

hcl is done that tells me we wont be waitin til next march at all. i would think we will hear about it being passed and then tali ratifying it so it can be enacted by the first of the business year. you know they wont enact that fil or the hcl without a higher revalue on the dinar. keep an eye on baghdad!!!

Originally Posted by SoFla

There are 12 ounces in a pound, rather than 16 as in the more common avoirdupois system. The troy ounce may be abbreviated to ozt.

Troy weight - Wikipedia, the free encyclopedia

We're talking at cross purposes - there are 12 troy ounces in a troy pound. There are 14.583333333333332 Troy ounces in a regular, or garden variety pound.

My father told me when I was a little girl and my father never got things wrong (very annoying). I'm surprised he wasn't more precise, though (he was an engineer).

Susie...whats your take on the "official gazette" being down for days? If these laws get enacted and the site is still down, will they announce them in another gazette do you think or wait for the gazette to come back up?

Cheers!
DayDream

The future scenario of the Iraqi economy
المصدر: الصباحSource : Sabah
23 / 12 / 06
Iraq is not known that the country's large in terms of area and population, but the volume of natural resources unlimited and has enormous wealth in addition to its geographical position to qualify for the important role of trade in the region and the revitalization of the economic cycle significantly.
Since the current trend in Iraq is to adopt the policy of free economy then this Maedi at revitalizing the role of the private sector in various areas economic effectively, strong and will create certainly a system of free trade exchange of the currency and the laws of flexible with the absence of any restrictions on the movement of capital to encourage them to airspace become incumbent on the State reconsidering the tax rates to become, in an acceptable manner with the to welcome foreign investment in addition to the actively seeking to encourage the development and the participation of the private sector in the investment operations through the non-interference and the prohibition of participation in the public sector in the economy of infrastructure and utilities, and pursue a policy taxes reduced to encourage investment and the activation of the proper climate to activate economic policy.
We must take into account the structure of the Iraqi economy, the future of the private sector will produce a significant role compared to other countries in the region in addition to capitalize on the availability of raw materials and labor are all important factors in attracting and encouraging the economy of Iraqi forces in all areas.
There are three factors that contribute to the formation of the President current picture for the future of the global economy : the
1) the global market system (of globalization)
2) increasing technical and modern information
3) the market economy (free economy)
Therefore, our task as children of the country is not easy after that inherited a heavy legacy, we must continue to work diligently and hard together with our friends in the outside world in order to build us a role in the global economy which is difficult to move away from or ignored and working hard to remove all restrictions and barriers that hinder the development of the Iraqi economy and to be expanded to make sure more than that because we must act upon the possible Annse and ambitious.
The attention to the fact that the well-being and comfortable life for the people can only be determined by the existence of natural resources, but treasury technical information and the skill and experience of members of the community and the ability of private and public institutions in the management of their assets in a rational and rational. We have ignored the previous Governments successive Iraq really integrate with the global economy through their financial and commercial undertakings-the World Bank and the International Monetary and the World Trade Organization We therefore surprise, by this phenomenon economic activity and to follow is a phase lacks the many of the potential necessary to achieve this successful integration in the global economy because we came very late in At the time of engaging in a conflict in earnest with terrorism on the one hand and a conflict with economic development on the other hand in addition to the the conflict sharp with our position from integrate with the global economy and much less the existence of administrative and financial corruption and the lack of transparency the public sector and non-cancellation characteristic discriminatory of the public sector at the expense of the private sector in addition to non-left large area of the private sector to market-based competition and the development of economic decision in the time in which we find States on the other side, of the advanced states merged the global economy in a gradual and a transitional unstudied and over a long period of time lasting for more than four or five decades where he had been integration means for them enable it to and the assistance of international organizations of which we mentioned previously to achieve growth rates high economic and standards of living advanced to their societies.
In Asia, for example, is not limited to a number of states, able to accommodate aspects of the global economy and avoided the negative effects it has managed Hong Kong, South Korea and Singapore to move from the group of developing countries to the group of developed countries, and there are Malaysia, Thailand, which benefited from market forces and the level of national income has close to the levels of national income in a number of developed countries.
The question here is whether the benefit of Iraq like the rest of the countries of Asia and the world to join the international organizations above or not? And how!

If you loaned a friend $1,000 and they agreed to pay you back at the rate of a dollar a day over the next few months - would you get excited? Would it even cover inflation - let alone lost principle? You're still in the hole until the entire $1,000 is returned.

In the case of Iraq - we all remember when three zeros were suddenly added to their exchange rate - making it worth 1000 times less than it was meant to be. Call it a loan or even outright theft - but literally overnight, their buying power was suddenly 1000 times less!

Sometime later, the CBI began to reimburse their financial losses with tiny, incremental changes. As we approach the end of the year, those tiny advances in buying power certainly have everyone's attention - but the "real life" impact is nil.

Honestly, who are we trying to kid? Creep, walk or sprint - the people of Iraq are still in the hole financially, until the three zeros are finally removed from their stable yet worthless currency! But will that even be sufficient to cover pain and suffering, inflation and of course - their enormous value to rest of the world?

Not likely! The real "mother of surprises" is just around the corner!

Merry Christmas!

Originally Posted by neno

1 Ton = 2000lbs X 16 onces = 32,000 X (what $ per once) X 400 Tons = What?

I work with Gold!

Gold is weighed in Troy Weight;

1 Ton = 2000lbs X 12 ounces =24000 X (What $ value is that day per onuce) X 400 Tons = what

So if you are saying that they have 400 tons of gold, it is off of our calculators.

I hope this will help some people to understand gold wieght

Troy Weights
24 grains = 1 pennyweight
20 pennyweights = 1 ounce
12 ounce = 1 pound

Originally Posted by bubbajr

I work with Gold!

Gold is weighed in Troy Weight;

1 Ton = 2000lbs X 12 ounces =24000 X (What $ value is that day per onuce) X 400 Tons = what

So if you are saying that they have 400 tons of gold, it is off of our calculators.

I hope this will help some people to understand gold wieght

Troy Weights
24 grains = 1 pennyweight
20 pennyweights = 1 ounce
12 ounce = 1 pound

Not off my calculator

2000lbs x 400 = 800,000lbs

800,000lbs x 12 = 9,600,000 ounces

9,600,000 ounces x $619.60 = $5,948,160,000 USD

So just short of 6 billion USD

OR equivalent to 8,089,497,600,000 Dinar
That is just over 8 trillion if you don't want to count all the zeros!

Ministry Agree On Principal Design of Kerbala City


Ministry Agree On Principal Design of Kerbala' City Planning ministry agreed on the project of re-moderating design of the holly province Kerbala' which would put a new planning suit the residential and constructional expansion for the city General director of the constructional planning engineer Salim Monis emphasized that they assigned on the mentioned project with one of the international companies with amount of $ 1,5 m as a half of the specific amount which would be $ 3m.

He concluded that the limited period would be 18 months starting from January 2007 as a stages starting from the primary survey and preparing maps reaching up to the final certification on the project
Source: Al Sabaah




--------------------------------------------------------------------------------

Posted on Saturday, December 23