Thread: is this how kuwaiti dinar revaled

Originally Posted by neno

heresay.............

So you, yourself, haven't seen any evidence of the second 'Letter Of Intent?' Is that correct?

Hope you don't mind - just trying to get to the bottom of this.

Originally Posted by Seaview

So you, yourself, haven't seen any evidence of the second 'Letter Of Intent?' Is that correct?

Hope you don't mind - just trying to get to the bottom of this.

And the answer is "NO". I have not seen or found that. We have the first but not anything else, but the admentment talk to the first as far as proof in a Black and White fashion.

Ok - thanks.

it'll happen and i'm ready for it i've been ordering last minute dinars this whole time getting ready to switch to the dong/yuan/rupie/rubile mix, looking at opening up a savings account in euros or pounds not sure on those yet either but with all the stuff they're saying about the us dollar i'm not so sure i wanna keep all my money in any one thing anymore, but as far as savings i figure since i live in the US i should start keeping a stash of my money in something else just in case....... better safe than sorry.

Originally Posted by neno

And you see all my post. Sometimes.....I world things alittle confusing, right? But I see if a ex-attroney can mis-spell and mis word, than neno can too. BUSTED!!!!

i dont misspell-my fingers hit the wrong keys sometimes.

Originally Posted by JT2154

Neno,
Adster,
SGS, youre welcome, my pleasure as a member of the family!!
ALL,

Thank you all for the information shared and I am not as down as I was a few days ago about this investment. I think the key is good positive news and not just rumor dates. I sincerely hope that $2.41 is the amount, but at this point I will take anything over $1.00. May the Lord bless our investment and may we all share our good fortune with those that I less fortunate.

Best Regards,

Originally Posted by lglwzrd

i dont misspell-my fingers hit the wrong keys sometimes.

April 7, 2007
HP-342
Statement by Deputy Secretary Kimmitt on
the Announcement of the Signing of the
International Compact with Iraq
Washington--Treasury Deputy Secretary Robert M. Kimmitt issued the following statement today on the Government of Iraq and the United Nations' announcement that the International Compact with Iraq will be signed in Sharm el-Sheikh on May 3.
"I welcome and applaud this important step and look forward to attending the signing ceremony as a member of the U.S. delegation headed by Secretary of State Condoleezza Rice. I commend the Iraqi authorities for their sustained commitment to the Compact. Iraq, together with the United Nations and the World Bank, has worked diligently since July 2006 to prepare the ambitious economic reform framework outlined in the Compact. The signing ceremony concludes several months of hard work and provides a concrete path of reform to financial self sufficiency. In exchange, the international community will provide continuing political and economic support to help Iraq achieve sustainable, broad-based economic growth. Iraq's leaders have already developed an impressive track record on economic reform under the Compact framework, including Cabinet approval of a hydrocarbons law, fuel import liberalization, and passage of a prudent, transparent and fully financed 2007 budget. The United States fully supports this initiative, as demonstrated by the President's recent request to Congress to approve additional funding for Iraq to help realize the objectives of the Compact."
The Compact is an initiative launched by the UN and Iraq to help Iraq realize its vision of a stable and prosperous nation underpinned by a self-sustaining economy. The Compact embodies commitments by Iraq on a plan to achieve economic self-sufficiency in return for international support. Iraq presented the final Compact documents to the international community at the UN on March 16, 2007. Deputy Secretary Kimmitt serves as the President's Special Envoy for the International Compact with Iraq.
Additional information on the Compact can be found at: International Compact with Iraq.
http://www.ustreas.gov/press/releases/hp342.htm

Iraqi hopes tied to summit

By David R. Sands
THE WASHINGTON TIMES
April 12, 2007


UN Chairman for the Iraq Compact on Reconstruction Ibrahim Gambari, in the UN offices in NW Washington, D.C. Allison Shelley (THE WASHINGTON TIMES)
The United Nations' new point man on Iraq reconstruction said Iraqi hopes are soaring over a planned international conference next month on the country's beleaguered economy, putting pressure on neighboring Arab governments to offer up real debt relief and other concessions.
"It would be a real slap in the face" if the May 3 gathering at the Egyptian resort city of Sharm el Sheik failed to produce concrete offers, Ibrahim Gambari, the U.N. undersecretary-general overseeing the Iraq-reconstruction program, said in an interview Tuesday with The Washington Times.
"It could undermine the vision of [Iraqi Prime Minister Nouri] al-Maliki and his government to take the steps needed to restore Iraq's economy," the veteran Nigerian diplomat added.
Iraqi government spokesman Ali al-Dabbagh warned on a Washington visit yesterday that Iran is ready to expand its clout inside Iraq if Arab rivals like Saudi Arabia, Jordan and Kuwait fail to support Iraq's economic recovery.
"If the Arab countries do not step up, Iran's influence in Iraq will grow," Mr. al-Dabbagh said.
The May 3 meeting on the U.N.-backed "International Compact on Iraq" will be followed, the next day, by a second conference of Iraq, its Middle East neighbors, the United States and other world powers on Iraq's security situation. Secretary of State Condoleezza Rice is expected to attend the Sharm el Sheik gathering, along with senior ministers from Iran and Syria.
Mr. Gambari said the compact is a five-year reconstruction plan started last month jointly by the United Nations and the al-Maliki government.
Under the plan, Iraq would agree to undertake a series of economic and political reforms in exchange for international investment and financial concessions.
Mr. al-Dabbagh said that, despite Iraq's vast oil and gas reserves, the country faces a five-year "bottleneck" trying to jump-start the economy and reform social and legal services while dealing with an increasingly violent insurgency.
Iraq's foreign debt stood at about $120 billion when Saddam Hussein's government fell in 2003. The United States forgave some $4.1 billion in Iraqi debt in late 2004, and the "Paris Club" of wealthy creditor nations pledged a major debt-forgiveness program.
But despite a debt-relief drive led by former Secretary of State James A. Baker III, Iraq's Arab neighbors have been far less forthcoming.
Saudi Arabia still holds an estimated $28 billion in public and private debt, and Kuwait's parliament has balked at concessions on tens of billions of dollars in debt and reparations still owed from Iraq's invasion in 1991.
Mr. Gambari acknowledged the security situation in Iraq makes long-term economic planning and investment difficult. He also acknowledged that Iraq's Arab neighbors have been slow to support the al-Maliki government, which relies heavily on Shi'ite parties with extensive ties to Iran.
But he said he found a "significant buy-in" from all the leading Iraqi factions for the reform program in the compact, including backing from leading Sunni politicians otherwise opposed to the al-Maliki government.
"We cannot wait until all is perfect in Iraq if we are to move ahead," he said.
The compact, which Mr. Gambari said is a top priority of new U.N. Secretary-General Ban Ki-moon, is one of the highest-profile U.N. efforts to date in Iraq. The world body was badly divided by the U.S.-led invasion of 2003, and pulled out much of its top personnel after an August 2003 bombing that killed top U.N. envoy Sergio Vieira de Mello and other senior U.N. officials.
But Mr. Gambari said the United Nations has quietly expanded its presence in postwar Iraq, helping organize the country's three nationwide elections since 2005 and overseeing the debate over revising the country's constitution.
"Our profile in Iraq is more about quality than quantity, although we are now the single biggest foreign presence after the multinational military force," he said.
Mr. Gambari said U.N. envoy Ashraf Qazi, finishing up a three-year tour in Baghdad, has been able to meet with Grand Ayatollah Ali al-Sistani, the Shi'ite spiritual leader in Iraq who has consistently refused to deal with U.S. authorities.

Mr. Gambari acknowledged the security situation in Iraq makes long-term economic planning and investment difficult. He also acknowledged that Iraq's Arab neighbors have been slow to support the al-Maliki government, which relies heavily on Shi'ite parties with extensive ties to Iran.
But he said he found a "significant buy-in" from all the leading Iraqi factions for the reform program in the compact, including backing from leading Sunni politicians otherwise opposed to the al-Maliki government.
"We cannot wait until all is perfect in Iraq if we are to move ahead," he said.
The compact, which Mr. Gambari said is a top priority of new U.N. Secretary-General Ban Ki-moon, is one of the highest-profile U.N. efforts to date in Iraq. The world body was badly divided by the U.S.-led invasion of 2003, and pulled out much of its top personnel after an August 2003 bombing that killed top U.N. envoy Sergio Vieira de Mello and other senior U.N. officials.
But Mr. Gambari said the United Nations has quietly expanded its presence in postwar Iraq, helping organize the country's three nationwide elections since 2005 and overseeing the debate over revising the country's constitution.
"Our profile in Iraq is more about quality than quantity, although we are now the single biggest foreign presence after the multinational military force," he said.
Mr. Gambari said U.N. envoy Ashraf Qazi, finishing up a three-year tour in Baghdad, has been able to meet with Grand Ayatollah Ali al-Sistani, the Shi'ite spiritual leader in Iraq who has consistently refused to deal with U.S. authorities.

UPDATE: Egypt To Host International Mtg On Iraq, Iraq's Zebari Says

(Updates with quotes from Zebari)
BAGHDAD (AP)--Ministers from Iraq's neighboring countries, the five permanent members of the U.N. Security Council and industrialized nations will hold a meeting in Egypt early next month to discuss the situation in Iraq, Foreign Minister Hoshyar Zebari said Saturday.
The meeting, which was supposed to be held in Turkey, follows an international conference held in Baghdad last month in which Iran held direct talks with the U.S. for the first time in years, Zebari said at a news conference.
Ministers from Iraq's neighbors as well as Bahrain and Egypt, and the five permanent members of the U.N. Security Council, will hold a meeting in the Egyptian Red Sea resort of Sharm el-Sheik on May 3-4, Zebari said.
Permanent members of the U.N. Security Council include the U.S., China, Russia, France and the U.K. Also in attendance, Zebari said, will be officials from the so-called Group of Eight industrialized nations: Canada, France, Germany, Italy, Japan, Russia, the U.K. and the U.S.
"There is a feeling of how dangerous the situation is and a feeling of rising regional tension that negatively affects the situation in Iraq," Zebari said. " There is a big willingness from neighboring countries to try help in solving the problem."
Hinting that there might be additional meetings between U.S. and Iranian officials, Zebari said: "I won't rule out bilateral talks between participating countries. The Baghdad conference was a starting point and was an attempt to break the ice."
Zebari said after the early May meeting, another international Iraq summit will follow in Egypt to sign the Iraq Compact - a five-year plan that requires the Iraqi government to enact key political and economic reforms as it moves toward financial self-sufficiency and economic integration.
Last month, U.N. Secretary-General Ban Ki-moon hosted a conference at U.N. headquarters for nearly 100 envoys and urged international support for the Iraq Compact.
(END) Dow Jones Newswires 04-07-071125ET Copyright (c) 2007 Dow Jones & Company, Inc.