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

Originally Posted by goldraker

Posted by: Armysarge1966


I called Chase bank and spoke with Belinda Sykes (214-369-7481), the rate she gave me was .00076760. I told her that I wanted to buy $500.00 (US)=(650,000 IQD and includes all fees) she told me if I had the money in by 1500 I could have the currency in the next day.

She also added that all Chase Banks have the same information, If needed they (Chase Bank employee) could call her and she would talk them through the procedure.

Exactly,

So often you have bank employees who are dumb as a rock, or worse, too lazy to bother checking, but banks are all the same, not just Chase. If main office sets policy, then all branches must follow, so if some teller or manager is too stupid to check, make them. LOL

Good luck to all, Mike

Originally Posted by goldraker

Posted by: Armysarge1966


I called Chase bank and spoke with Belinda Sykes (214-369-7481), the rate she gave me was .00076760. I told her that I wanted to buy $500.00 (US)=(650,000 IQD and includes all fees) she told me if I had the money in by 1500 I could have the currency in the next day.

She also added that all Chase Banks have the same information, If needed they (Chase Bank employee) could call her and she would talk them through the procedure.

Exactly,

So often you have bank employees who are dumb as a rock, or worse, too lazy to bother checking, but banks are all the same, not just Chase. If main office sets policy, then all branches must follow, so if some teller or manager is too stupid to check, make them. LOL

Good luck to all, Mike

Originally Posted by Adster

I hate to think what it would do to Iraq and us if Maliki is 'taken out'....set everything back further....

Originally Posted by JetJockey

Hey Guys,

Dont' want to depart too far from the "latest news" theme, but since we are talking about banks where we can purchase, I thought someone might be able to help me out with a specific issue.

I have successfully purchased several times at a Chase Bank branch in the Denver Metro area, but I have a friend in the Phoenix area who would like to make a purchase also. I know that Bank One was big in AZ, and they merged with Chase, so I am assuming that Chase is also pretty big down there now as well. My friend went to a local branch in Phoenix, and was told that they are not dealing with the IQD due to instability, etc., etc.

I am wondering if there is anyone on the forum who might be located in the Phoenix area who has successfully made a IQD purchase at a Chase branch there, and if so, what branch was it?

Any help would be greatly appreciated!

JetJockey

Yes, I am in Phoenix and I just last week purchased from Chase. The branch close to my home said they don't do it so I went to another branch that did. I now find out that ALL Chase banks CAN do it. I went back to the branch close to me and although it was their first time, they got their notes out and walked throught the process. They just started exchanging about a month ago and many branches are just a little confused maybe. The branches I have been in contact with and know what they're doing are: 83rd ave & T-bird..67th ave & peoria and Estrella Pkwy & Van Buren in Goodyear.

South Korean FM set to become UN chief




By Masood Haider

UNITED NATIONS, Oct 3: South Korean Foreign Minister Ban Ki-moon, a front-runner in the UN Security Council’s informal polls, is poised to become the eighth secretary-general of the United Nations, diplomats here said on Monday.

Mr Ban, 62, won a fourth informal ‘straw poll’ of the 15-member UN Security Council on Monday. The result showed that none of the council’s five permanent members is likely to veto his nomination and that the post is his.

The South Korean secured 14 votes while one ‘no opinion’ ballot was cast by one of the 10 rotating members of the council.

Chinese Ambassador Wang Guangya announced that Mr Ban has emerged as the front-runner after informal consultations of the council on Monday.

“The Security Council will hold a formal vote on October 9,” US Ambassador John Bolton said. After the informal secret-ballot vote, India’s candidate, UN under secretary general for communications and public information Shashi Tharoor, who finished second to Ban, offered his warmest congratulations to the winner.

“It is clear that he (Ban) will be our next secretary general,” Tharoor said. “I wish Mr Ban every success in that task. I will strongly support him.”

The name of the winner will then be sent to the General Assembly for ratification. The body, consisting of all 192 UN members, is to declare official the winner’s election within a month. He would assume charge on January 1.

South Korean FM set to become UN chief -DAWN - Top Stories; October 04, 2006

Originally Posted by opps50

OK, so the FIL is probably done and also the oil investment law

What are we waiting on now and could we guess that it is happening this week so maybe in a couple of weeks we will see the reval (official)

The total lack of security is the major issue remaining to be solved.

The next steps for Iraq

WASHINGTON, 04 October 2006 (The Washington Post)
The campaign season debate about Iraq, which circled last week around the question of whether the war has increased global terrorism, might suggest that Washington is nowhere near facing the critical question of what to do about the actual situation on the ground. Yet behind President Bush's "we're safer" rhetoric and the answering shouts of "fiasco," the most serious debate about U.S. Iraq strategy in three years is quietly emerging. Shortly after the election it should take center stage.

The central question for discussion is this: Should the United States continue to depend on Iraq's "unity" government and army to carry out the political, military and economic measures needed to stabilize the country -- most important, a political settlement among its warring sectarian factions? Or is it necessary to override the new political system and mount some sort of intervention, led by the United States and perhaps other governments, to force the necessary deals?

President Bush has been hinting about this decision point ever since Iraqi Prime Minister Nouri al-Maliki's visit to Washington in July. "Iraq can count on our partnership as long as the new government continues to make the hard decisions necessary to advance a unified, democratic and peaceful Iraq," Bush said in an Aug. 31 speech. Administration officials say the passage was a warning deliberately aimed at al-Maliki.

A more explicit signal came in a Sept. 19 news conference by former Secretary of State James Baker and former Rep. Lee Hamilton, who are leading a congressionally mandated and Bush-blessed commission to consider options for Iraq. The panel long ago decided not to make recommendations until after the November elections. So why hold a news conference in September?

Perhaps so that Hamilton could make this statement: "The government of Iraq needs to show its own citizens soon, and the citizens of the United States, that it is deserving of continuing support. The next three months are critical. Before the end of this year, this government needs to show progress in securing Baghdad, pursuing national reconciliation and delivering basic services."

• • •

At least some in al-Maliki's government are hearing the warning. Two of its most pro-American officials, Vice President Adel Abdul Mahdi and Deputy Prime Minister Barham Salih, appeared in Washington in September. Mahdi, a Shiite, pleaded for more time, saying that Washington could not expect the new government to deliver results on a timetable measured in months. Salih, a Kurd, took a different tack, listing a string of measures he said would be approved by parliament before the end of the year.

In fact, amid the continuing chaos in Baghdad the parliament has finally begun to act: Last week Sunni and Shiite deputies struck a preliminary deal on legislation that would allow the creation of federal regions and set up a committee to consider amendments to the constitution. But al-Maliki is still resisting forceful steps against Shiite militias; and negotiations with Sunni insurgents have gone nowhere.

If such sluggishness continues, the Baker-Hamilton commission, and with it the consensus in Washington, could be tipped toward the conclusion that the United States can't look to the new political system for solutions. That doesn't mean there would be a precipitous American troop withdrawal; the commission will almost certainly conclude that such a step would be disastrous.

Instead, the time may finally be ripe for some of the ideas that have been doggedly pushed for most of this year by Democratic Sen. Joseph Biden, who has been one of his party's most serious and responsible voices on Iraq. In essence, Biden is proposing that the United States enlist its NATO allies, U.N. Security Council members and Iraq's neighbors for an intervention that would be aimed at forcing political and sectarian leaders to leap to the political settlement they are now creeping toward.

• • •

The settlement Biden has in mind is the division of Iraq into highly autonomous regions, dominated, respectively, by Sunnis, Shiites and Kurds. That solution was the subject of last week's parliamentary deal, which postponed any action until 2008. A new reconstruction aid program would be launched; an international conference would commit Iran, Syria and other neighbors to a nonaggression pact. International peacekeepers would be recruited to patrol cities such as Baghdad. Meanwhile, most U.S. troops would be withdrawn by the end of next year, except for a residual force that could intervene against al-Qaeda.

It's easy to find holes in this strategy, as with any other plan for Iraq. To begin with, Iraqis simply may not be capable of jumping to a settlement. Perhaps only the pain of an extended civil war will get them there. But Biden's basic idea -- of an external political intervention backed by an international alliance -- is the one big option the Bush administration hasn't tried. It wouldn't be surprising if Baker -- master orchestrator of the Plaza agreement and the Madrid conference -- finds it compelling.

The next steps for Iraq | Iraq Updates

when I contacted chase, I talked to the 2 main currency branches in chicago area, even spoke to the head of currencies and they told me they do not, but as stated earlier, it is not a normal question to them so out of laziness etc. we can't always get the ' right ' information.
p.s. does anyone know of a chicago bank that ' now ' offers to sell iqd's? pm me = making another purchase this week

Australian companies to vie for Iraq drill rights

04 October 2006 (ABC News)

On October the 18th Iraq's Oil Minister, Dr Hussein Shahristani, will visit Australia to receive an honorary doctorate in engineering from Melbourne's Monash University.

While he's here he'll meet representatives of the Australian energy industry who'd like to get a chance to drill in Iraq.

Iraq's proven oil reserves are the second largest after Saudi Arabia.

Iraqi oil also happens to be the cheapest in the world to produce.

The financial gains to be made are huge but no one knows when the country might be safe enough for foreign companies, or which companies might get the contracts.

In 1997 Russia's Lukoil signed a multi billion dollar contract with Saddam Hussein

The Company was to have sole foreign rights to West Qurna, one of Iraq's biggest oil fields in the south of the country.

United Nations sanctions meant work on that project and those won by the Chinese and the French never started and now in post-war Iraq those agreements are in legal limbo. Lukoil spokesman Vladimir Semakov. VLADIMIR SEMAKOV: We're very hopeful that the first foreign company to start drilling in Iraq will be Russian Lukoil.

EMMA ALBERICI: How profitable do you expect the West Qurna project to be?

VLADIMIR SEMAKOV: It may be very very profitable. You see, as per our estimations, the proven reserves are estimated at 6 billion barrels of crude oil, the production costs in this particular project are much lower,

They were estimated at $1 to $1.50 per barrel or even lower, as compared for example to some fields in Russia, we might say that nowadays, it is $3 to $4 per barrel.

Negotiations between the new Iraqi government and the Russians have improved since Lukoil agreed to share the project's profits with American oil and gas giant Conocophillips.

VLADIMIR SEMAKOV: Of course we understand that American companies now and the American government has great influence in Iraq at present time. So, Conocophillips may help us to at least start our project and it may help us in negotiations with Iraqi Government and the representatives of the Iraqi oil ministry.

There were great hopes for the Iraqi oil industry post the war but there are two main stumbling blocks for those keen get their hands on the Country's black gold.

Most significantly is the politics. The Iraqi constitution passed in August last year defines oil as the property of all Iraqi people. But beyond stating that the revenues are to be distributed "fairly" between the Federal and regional governments, the constitution doesn't go into specifics.

Bill Farren Price is the Deputy Editor of the Middle East Economic Survey, a Cyprus based energy and political newsletter.

EMMA ALBARICI: The big oil companies of the US and the UK have largely been shut out of Iraq for more than 30 years. Is there anything to suggest their passage will now be assured?

BILL FARREN PRICE: I think Iraq is keen to see investment from international oil companies from across the spectrum.

There's no question that the super majors, Shell, BP for example, have already laid the groundwork for building their relationship with Iraq through oil fields studies that they've carried out through Kirkuk and Rumalia oil field and also training programs. They've taken Iraqi petroleum engineers and trained them outside the country.

Australia's oil and gas companies are now awaiting a visit by the Iraqi Oil Minister, Doctor Hussain al Shahristani.

He'll be in Australia in a fortnight to meet with the Department of Foreign Affairs and Trade and to accept an honorary doctorate in engineering from Melbourne's Monash University

Australian companies to vie for Iraq drill rights | Iraq Updates

Originally Posted by JetJockey

Hey Guys,

Dont' want to depart too far from the "latest news" theme, but since we are talking about banks where we can purchase, I thought someone might be able to help me out with a specific issue.

I have successfully purchased several times at a Chase Bank branch in the Denver Metro area, but I have a friend in the Phoenix area who would like to make a purchase also. I know that Bank One was big in AZ, and they merged with Chase, so I am assuming that Chase is also pretty big down there now as well. My friend went to a local branch in Phoenix, and was told that they are not dealing with the IQD due to instability, etc., etc.

I am wondering if there is anyone on the forum who might be located in the Phoenix area who has successfully made a IQD purchase at a Chase branch there, and if so, what branch was it?

Any help would be greatly appreciated!

JetJockey

67th and Peoria and 83rd Ave and T-bird