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

Originally Posted by duck2000

yes i saw it but when i tryed to point out that there was someone in yeasayerland that didnt belong there i got taken to the wood shed!!!!

I think tiredofwork is here spying on us- notice how quick he was to transfer our dancing banana over there-he could be in disguise as one of our 2 or is it 3 naysayers

Originally Posted by PAn8tv

Member99, since you stated you have a PhD this is something you ought to be able to comprehend. It's called incentive:

If its (the reval) not done by Sept 30, the end of the fiscal year, Iraq will lose $14.7 Bil of US funding.

So what type of economic formula can you run for that?

OK I have heard some people say this. I do not know if thats true. What I read was that, if they do not have. All of the funds under contract and in production. Then they would lose any unsecured uncontracted funds. Or did I miss something? Please prove it!

Originally Posted by postcon

IIF is so stuck up these days. Soon, they will start a board for each member so they can post and respond to their own posts as that would mean less moderation. What a ludicrous strategy. They have so many different connotations that you would be hard-pressed to have a decent debate without offending the powers that be. No more posting for me there. Been reprimanded twice for posting. Reason? Do not respond to rumours? Huh?! Yes, quite...I run a very large forum myself and have never come across such paranoia and nit-picking.

Thats excactly why nobody posts any rumors in the rumor section anymore, besides the fact that if you post one there you'll be bashed unmercifully for it.

Originally Posted by Par77

That is my birthday! All those born on the 28th, if this revals then, what a celebration to always rememeber

Does April 28th count?

http://www.iraqdirectory.com/DISPLAYNEWS.ASPX?ID=2159

Iraqi Central Bank to apply International Standards Concerning Sufficiency of Capitals
26/09/2006
Source: Al-Sharq Al-Awsat


An official source in the Iraqi Ministry of Finance confirmed that Iraqi Central Bank will possibly approve the application of international standards concerning the sufficiency of capitals, according to the resolutions of the second conference held in Bazil.

The source added in a statement during the economic session, about the role of banks in the economic reformation process, held in the Ministry of Industry and Metals that Iraqi Central Bank is working fast to take an active role in the economic stability process in the country. The Bank is trying to dispense with some of mechanisms that were prevailing during the time of the ex-regime, especially lending governmental institutions. Therefore, there are serious studies about the possibility of starting and developing a governmental exchange market that will provide all institutions with cash fluidity as fast as possible. In addition, this will enable individuals and capital owners to find new types of guaranteed local investments and limit their running away outside the country.

The same source declared that Iraqi Central Bank is fully independent. It is exhorting great efforts to achieve a stable financial policy that will enhance Iraqi economy and rebuild it through several constructive steps.

The Central Bank to apply International Standards Concerning Sufficiency of Capitals
Iraqi Central Bank to apply International Standards Concerning Sufficiency of Capitals
26/09/2006
Source: Al-Sharq Al-Awsat


An official source in the Iraqi Ministry of Finance confirmed that Iraqi Central Bank will possibly approve the application of international standards concerning the sufficiency of capitals, according to the resolutions of the second conference held in Bazil.

The source added in a statement during the economic session, about the role of banks in the economic reformation process, held in the Ministry of Industry and Metals that Iraqi Central Bank is working fast to take an active role in the economic stability process in the country. The Bank is trying to dispense with some of mechanisms that were prevailing during the time of the ex-regime, especially lending governmental institutions. Therefore, there are serious studies about the possibility of starting and developing a governmental exchange market that will provide all institutions with cash fluidity as fast as possible. In addition, this will enable individuals and capital owners to find new types of guaranteed local investments and limit their running away outside the country.

The same source declared that Iraqi Central Bank is fully independent. It is exhorting great efforts to achieve a stable financial policy that will enhance Iraqi economy and rebuild it through several constructive steps.

The most important step among them is replacing the national currency. Old Iraqi currency was replaced on the 14 of January, 2004 through substituting 4 trillions of old Iraqi dinars by a new currency. The step had many advantages which greatly regained trust in Iraqi dinar and improved the exchange rate. The late approval to grant licenses to foreign banks is another important step to build an active and competitive banking sector in Iraq. In addition to holding a daily auction of foreign exchange for Iraqi Central Bank. The main purposes of this auction are to reduce extreme changes in the exchange rate which may happen suddenly.

The Bank, also, legislated a new law that gives it: complete legal independence, clear authorization to work on achieving stable prices and active monitoring authorities. It started utilizing the open market processes through selling and buying the treasury transfers in order to control economic fluidity and stabilize the exchange flow. The Bank approved a new law concerning commercial banks and this is a main step towards establishing a financial system works according to the criteria. Iraqi law of commercial banks will enhance the Iraqi trade and release the interest rates.

The complete and full release of interest rates on local financial devices (goods, deposits and exchange) is already operative. The bank considers this procedure as an important step towards the emergence of an efficient contemporary financial sector enables loan borrowers to make up their own decisions in stead of being chained by the instructions issued by Iraqi Central Bank.

The bank is now applying several projects. The most important of which is: the reframing and re-qualifying of governmental banks, applying a serious monitoring system and developing the local one, creating a complete united statistical work that covers all main sectors and finally starting a governmental exchange market.

http://www.iraqdirectory.com/DISPLAYNEWS.ASPX?ID=2159

Hello All:

Indira & I took a few days off & went to the beach . . .

Nothing really new from her Kurds . . . unless you want to know that they are mad as hell with the foot dragging in Baghdad . . .

By the way . . . I think I got the same email re: this site that many of you got . . . where's Adster & Oz . . . I get a kick out of their posts . . .

Interesting PM from IIF member *Mudbug* / from last week / see below . . .

"Hey RR, You don't know me but I've been around every forum and I am very connected to the elite of sources.....the Fab 5 and significant others. *Blue is SGun's comments*
(elite? lmfao so bad!!!!)

What you have posted matches well with what we are getting and I just talked to Clay a few minutes ago.

We would like to inivite you to his private forum to compare notes. He will contact you here as "General Gbush" and give you the details of entry. (busted himself here didnt he kids)
Best to ya, it should be soon!

mudbug"
__________________
I think that Dawson guy is a Dinar Dealer.
________________________
(these guys work in a health food store in seattle, they are professionals at somethin alright... laxatives)

I DID NOT REPLY TO THE ABOVE PM . . . I remember SGUN mentioning that she had also been contacted by these guys . . .

I will be in town for a few days & if I hear anything new I'll find you guys . . .

Best . . . RR


*(From SGun*) = bless your heart rr,,, they are NOT to be trusted. they want your info coz they have struck out too much with theirs. now some of them are attempting to convince the sheep that they are 'brokers' and can exchange their dinar for alot less and quicker and with less hassle. DONT ENABLE OTHERS TO PROFIT FROM YOUR LACK OF KNOWLEDGE, RESEARCH, ESPECIALLY EOSIRL2'S LINKS POSTED AT IIF ABOUT FRAUD.

TO member 99

Years ago I would get onto my boys for saying something to each other. They got whipped, grounded the whole nine yards because It sure did grade on my nerves when I heard it. Plus it was not very gentlemen like either.

BUT your statement sure did bring back this 'remark' so I feel saying this remark FITS YOU TO A " T " with your negative remarks!!!!!!!!!!!!!!!

"""""" BITE ME """"""""""

WOW I sure feel better!!

From:
Grandmother on a Farm!!

Have you ever met one of those people that regardless of how happy you are and having the best day of your life, they could walk past, smile, and say good morning, and just ruin the rest of the day? We have one of them here, don't we member99? I guess after the reval you will come back in and say it's all a big lie!
Or golly gee, don't know how that happened!

Originally Posted by ronbo

Have you ever met one of those people that regardless of how happy you are and having the best day of your life, they could walk past, smile, and say good morning, and just ruin the rest of the day? We have one of them here, don't we member99? I guess after the reval you will come back in and say it's all a big lie!
Or golly gee, don't know how that happened!

I hear ya ronbo!!!!!!!!!!!!!! I came here and read all the fun positive posts after spending months reading over at IIF and they had so much negative BS that I never really read any true iraq updates.

I hope member99 goes away!!!

So the rest of us can have fun DREAMING of the day it r/v!!!