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

I remember reading an article that the Iraqi's had been given an extention to October 1st or loose their standby agreement. My brain is fried but I remember talking in July that it had to be done by October. Maybe some of you info seekers can pull it out of your files.

The deputy from the Iraqi List Safiya Suhail, Dr. Mahmoud Almshahadani decided that today's meeting of the House of Representatives secret to discuss some matters that have to do with members of the Iraqi Parliament.

The Suhail summarized in a statement by the PUKmedia Dr. Mahmoud Almshahadani suggested that the deputy minister with equal rights.

Suhail and added that the Foreign Ministry does not emanate of diplomatic passports to members of the House because it did not initiate the law in this regard and will be returned to the legal committee for that.

Suhail said : The agenda of the parliamentary session today, Tuesday, the first reading of the law of the provinces and vote on the amendment of the constitution, consisting of 27 members from all the lists in addition to each member of the Turkmen, and Alaezdien footing.
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(capitalized line below is for emphasis)

The Rocky Mountain News Sept 26 2006
"Study finds that Iraqis excel at turtlelike behaviors"
"In Iraq we now have a case study in human insecurity. The people of Iraq have endured decades of dictatorship, war, insurgency and civil strife, and the psychological costs have been ruinous. Iraq is the most xenophobic, sexist and reactionary society on Earth.
Researchers from the invaluable World Values Survey have interviewed more than 2,300 adults from all over Iraq. The results have just been published by Ronald Inglehart, Mansoor Moaddel and Mark Tessier in the journal "Perspectives on Politics."
Inglehart, Moaddel and Tessier describe a people who, buffeted by violence, have withdrawn into mere survival mode. They are suspicious of outsiders and intolerant toward weak groups, and they cling fiercely the what is familiar and traditional.
The researchers asked the Iraqis if they would mind living next door to foreigners. In most societies, there is a small minority who say they would mind. Nine percent of Americans say they would mind, and in the median country internationally about 16 percent say they would mind. Ninety percent of the Iraqi Arab respondents rejected foreigners as neighbors.
Iraqis also viscerally resist social reform and deviation from the traditional ways of doing things. For example, 93 percent of the Arab Iraqis said men made better leaders than women, the highest proportion of any group in the world. Iraqi Arabs were asked which values they would like to instill in their children. They emphasized "obedience" and "religious faith" more than any of the 30 societies that were studied.
Meanwhile, Iraqis cling fiercely to their promal identities. Roughly 36 percent of the Arab Iraqis said they were very proud to be Iraqi, and the Shiites, Sunnis and Kurds were very likely to trust memebers of their own community. Such in-groups solidarity is almost withough precedent.
In essence, Iraqis are like turtles trying to pull into their shells, but the big tasks now require nonshell behavior. They require getting Shiites and Sunnis to trust each other enough to negotieate a settlement on sharing oil revenue. They require getting Shiite policemen to crack down on their own, and on Muqtada al-Sadr's Shiite militia.
The larger lesson, as we think about future efforts to reform the Middle East and combat extremism, is that the Chinese model probably works best. THAT IS, IT'S BEST TO CHAMPION ECONOMIC REFORM BEFORE POLITICAL REFORM.
We know from a wealth of historical experience that when people see their stand of living rise, they reject the reactionary survival mentality and they become more open to others and to change.
In the age of terror, statesmanship means knowing how to create a sense of security so you can lead people on a voyage of reform. Most of all. it means that if you're going to do nation-building, you have to understand the values of the people you're going to build a nation with." quoted from the New York Times, David Brooks.

A thumbs up: A very strong and excellent message underlying better Peace with Prosperity as opposed to fundamental political policy changes to steer rapid results! - YB.

I agree archangel, the Iraqi's are used to the new dinar and have faith in it. Just wouldn't make sense.

Originally Posted by cigarman

I remember reading an article that the Iraqi's had been given an extention to October 1st or loose their standby agreement. My brain is fried but I remember talking in July that it had to be done by October. Maybe some of you info seekers can pull it out of your files.

Originally Posted by cigarman
xxxxx In order to give the Iraqis an open window it was determined by xxxxx to enhance the peg opening of the Iraqi Dinars to as late as of October 1 of 2006. xxxxx So yes it is still set in stone for currently on July 21 but xxxxxx will give the Iraqi Finance Ministries maximum opportunity to resolve the final remaining issues and obstacles for succeeding. The Iraqi Financial Ministry has formally requested to renegotait the new value of the New Iraqi Dinars. This rate will be determined based on new inflation figures and total economic impacts from Iraq all three sectors. xxxxx

There was other detail in the e-mail but the main point is the peg can be delayed by Iraq and could happen anywhere between July 21, to Oct. 1, 06. Sorry, please don’t shoot the messenger!

Here is the post. Cigarman

here is your old post.. .. originally posted back in june..

This is the last email I had from WARKA...

Dear Mrs. Tracy H.

Thank you for choosing our bank and taking interest in our fine
services.

Please be informed that I confirm receiving you stock pick list which I
will firmly execute it in the coming ISX trading session details of
which will be provided to once completed and purchased.

I would like to bring to your kind attention that I will be personally
handling your ISX stock purchases providing you with our very best
banking services and care ensuring your total satisfaction and comfort.

I really look forward in providing you with my full cooperation and
assistance and I am positive that you will be highly delighted and
overwhelmed with our banking services and products.

I am positive that you will be highly delighted and overwhelmed with
our banking services and products.

Best regards,

M. G.
ISX Dept.


I'll email her and see what she has to say about this...let's just see how "highly delighted and overwhelmed" we'll be!

and this is what I sent...

Dear M. G.,

Thank you once again for the speed and excellence of your service. I am quite pleased to know that you will be overseeing the purchase of my requested stocks.

I am curious as to if you can provide me with information. A person has stated that he received "offical word from Warka Bank whereas the Central Bank of Iraq has stated that currency is being withdrawn from circulation in order to prepare for distribution of a new currency with reduced numerals."

Can you kindly provide information as to the truth of this statement?

We here follow the news of your great country with interest and hope for the very best for the people of Iraq. May your leaders wisdom improve greatly the lives of the Iraqi people.

Kind Regards,

Tracy H.

I'll post the reply...

So They better r/v high to atleast the dollar.

Steve Forbes advocates Iraq oil dividends, similar to Alaska's
Associated Press



HOT SPRINGS, Ark. - Former presidential candidate and billionaire publisher Steve Forbes on Tuesday said giving the Iraqi people a portion of oil profits would help secure the country against insurgents.
Forbes, the CEO of Forbes Inc. and editor-in-chief of Forbes magazine, said the country should create a fund similar to Alaska's permanent fund, which annually distributes dividends to eligible residents.

``Imagine if something like that was done in Iraq. Suddenly, everyone would want an address in Iraq,'' Forbes told about 350 people at the Arkansas State Chamber of Commerce/Associated Industries of Arkansas luncheon in Hot Springs. ``Suddenly, the bulk of the population would be on the side of fighting the fanatics who are trying to disrupt oil production.''

Established in 1976 after North Slope oil was discovered, the Alaska fund's dividends have been paid since 1982, ranging from $331.29 to a record high of $1,963.86 in 2000. This year, eligible Alaskans will each receive $1,106.96 from the fund.

Forbes, who unsuccessfully ran for the Republican presidential nomination in 1996 and 2000, said the war in Iraq and the potential for Iran to have nuclear weapons are the biggest uncertainties facing the American economy.

``One way or the other, we're going to have to deal with Iran,'' Forbes said. ``If we don't do it, to be blunt with you, I think
the Israelis will.''

Forbes and Wal-Mart Stores Inc. Vice Chairman John Menzer addressed the chamber during its annual meeting, and Forbes focused on what he said are the underestimated strengths of the U.S. economy.

Forbes, an anti-tax advocate, continued to promote the idea of a flat tax as the most fair way to reform the nation's IRS system.

``When you look at the biggest obstacle to American progress, it's the federal income tax code,'' Forbes said.

The billionaire, however, said he's not interested in running again for president in 2008, but said he'll still continue pushing for a flat tax and other tax reforms.

Menzer detailed several steps he said the world's largest retailer is taking to transform itself and its appeal.

Menzer, the former president and CEO of Wal-Mart International, said the company is continuing to look at new markets in India.

``The Indian government today is working toward opening a retail sector that would open foreign investment and allow us to enter that market,'' Menzer said.


DailyBulletin.com - Steve Forbes advocates Iraq oil dividends, similar to Alaska's

The facts of the industry symposium on the role of banks in economic reform


Source : Al-Sabah - 25/09/2006

To raised Economic Forum organized by the Ministry of Industry and Minerals in the course of this year and marked the role of banks in the economic reform a sensation among specialists, academics and concerned.

The symposium was attended by representatives from various ministries and the Central Bank, businessmen and the level of experts and managers, working.
Acquired lecture delivered by the financial expert in the Office of Counsel for Management and industrial development Majid Mansour Boutros though modest particular importance being raised hot topics and sensitive at this stage enriched views of the participants and identified the required track.

Boutros identified the Iraqi economy by 6 sectors and named the government sector funded centrally, self-financed financial sector, the cooperative sector, the mixed sector, and the private sector, pointing out that these sectors have suffered over long years of interruption nutrients progress and development which made them fall in a corner of underdevelopment, corruption, as he put it, pointing to the serious attempts today and find ways to the advancement of the Present calling to find supplies needed to save it and take it out a cornerstone of that.

The researcher emphasized that the legal reforms as a solid foundation on which the economic life of the community, pointing out that the starting of any reform would require changing laws in the meantime, renewed the call for the application of the principles of transparency and information flow of economic, social and political comprehensive to enable eligible forth real reforms in any sector.

The researcher concluded in its recommendations to the need to support institutional and community-based adoption of democracy and the principles of transparency and disclosure to promote institutional reforms and social access to the issuance of the publication of legislation to help restructure all its forms.

After that the director of the symposium, Mr. Habib Qassim bars, director general of Administrative Service in the ministry of attempts Ministry in the area of some possible reforms Maqp then invited to the symposium to occur.

To put an expert at the Central Bank, Dr. Magid picture in the exhibition Commenting on the research has been controversial opinion on whether Iraq needs to rehabilitate the heirs of the economic system or holistic review of all the grounds on which it is based economy inherited. Calling for a restructuring of the economy and wire manner consistent with what happened in the evolution and changes. According to this development, he felt the need to be exposed to all sectors of economic structural integrated these sectors to contribute its due role in the process of reconstruction and development.

Dr. Magid explained that the picture restructuring in banks based on the presence of defects and shortcomings in the basic functions and attributed the cause to the majority of banks in the world to critical circumstances and problems led to decisive action. Pointing to the formation of a special international banks according to the assessment of international agreements then signed agreements on the development of the prudential criteria.

He said the great international interest in the performance of banks stems from the importance of the role they play in economic and financial relations and international and highlighted as called for the development of the picture of the performance of banks to provide banking services in line with the global development and this requires a deliberate plan to restructure banks and to work diligently to implement Ha by the relevant bodies and the Ministry of Finance and the Central Bank also called for the merging banks, specialized bank, one specializing in the development of industry and agriculture-related projects between them and a general capital increase to half a billion dollars to be able to deal with the tasks.

He concluded by saying it impossible to complete the task of restructuring the banks radically unless concerted efforts of the ministry and the World Bank and support of the government.
The second interjection was the assistant general manager of the banking and credit control in the Iraqi Central Bank, Mr. Walid Idi Nabi. Where the inherent characteristics of the banking system for a long time in spite of the attempts to banks to exercise her openness to the global banking system and deal with it.

Nabi pointed to a lack of awareness of banking and non-arrival at the international levels, through the effects of density standard banking measure any number of banks on the number of the population.

The game was on private banks "civil supremacy" by the family nature, which means the administration with the ownership and thus confined goals in the narrow interests family, leading to poor performance and failure transparency of bank owners of capital.

In the absence of other phenomena strategies banking Assembly actors and detailed plans, emergency and the absence of institutions videotapes to the banking system. as well as the composition of boards of directors in government banks, which weakens the development and called for the restructuring of the government banks and study the conditions of the banks and economic integration and the creation of insurance companies on deposits and loans in order to ensure the protection of depositors and banks.

Inspector General of the Ministry of Industry and Minerals Salem Paul praised the study, research and pointed to the need exposure to the very important issue of money laundering is a matter no less important than the banking reforms, without which there will be reform.

As General Manager Rasheed Bank Mr. Hadi Sadiq for the suffering of the banks and concern the activities of multiple outside its jurisdiction, pointing to the role they play in support of fiscal policy despite the difficult circumstances through which the country.

Banking expert good conciliator. The view for the development of the performance of private banks need to lift the restrictions by allowing it to the opening credits and external dealings, which monopolized the state and limited by Bank One, stressing that no reform of the banking act without giving the banks the opportunity to exercise its required role in the construction and development and business dealings.

As President of the Association of Banks of the Iraqi banking expert Aziz Hassun, the complexity and multiplicity of laws that impede banks and held back, however, praised the decisions of the Central Bank of recent activity in support of the private banks.

The whole participants in the symposium, which is not within the competence of the Ministry of Industry and Minerals commended the role of the ministry for registration as the first to address such issues and characterized the participants with a high level of transparency and had enriched the lecture compliant and the success achieved unlike insisting on moving forward towards achieving the objectives of the reform, which dovetail with the new developments and new orientation towards redressing imbalances suffered by the Iraqi economy, and that any effort would be in this area is greatly admired and appreciated by all, no matter what modest.

Among the participants in the symposium and discussions by representatives of businessmen and the Ministry of Industry and the Rafidain Bank, the Ministry of Agriculture and other interested persons.

An Iraqi currency reprint has been agreed on ... Just Click Here to view. http://www.rolclub.com/rumors-predic...en-agreed.html