Iraq Stock Exchange will partner with Nasdaq; Implement an electronic system for trading
Iraq Stock Exchange will implement an electronic system for trading
Category: Al Hayat
The Iraqi Government optimistic exit from Chapter VII
Ambassador News Agency | | | {Baghdad Ambassador: News}
The Iraqi Government expressed optimism the country’s exit from Chapter 7, which restricts the disposition of funds. Confirmed Prime Minister’s media adviser Ali al-Musawi told Al Hayat that “Iraq has implemented the terms of his exit from Chapter VII, and soon we shall be concluding from that stage.” He explained that “this chapter’s campus from acting without immunity or earnings, because of the invasion of Kuwait.
The Iraqi Government expressed optimism the country’s exit from Chapter 7, which restricts the disposition of funds. Confirmed Prime Minister’s media adviser Ali al-Musawi told Al Hayat that “Iraq has implemented the terms of his exit from Chapter VII, and soon we shall be concluding from that stage.” He explained that “this chapter’s campus from acting without immunity or earnings, because of the invasion of Kuwait.
UN Secretary General Ban Ki-moon called on the Security Council to remove Iraq from Chapter VII, and put an end to punish him. Turning to negotiations between Baghdad and Kuwait, he said the two countries reached “a good level of confidence and opened a new chapter in their relations.” And asked the Council to “end the threat of sanctions or the use of force that the Council discusses this topic next week.” Iraq and Kuwait have taken in recent months, many measures to settle their differences over general aviation companies and restoration of monuments.
In a letter to the United Nations endorsed Foreign Minister Sheikh Khaled Al-Ahmad Al-Sabah, the Secretary-General’s proposal. He acknowledged that the issue of Kuwaiti missing persons «still hurts families», but stressed that the Iraqi Government had made “a commendable effort to address them.
He added: “If the Council adopted recommendations, Iraq will not be covered by Chapter VII related to this file, and will be a further step towards restoring international stature.” And further: “the Security Council recommended that the controversial issue of humanitarian Iraq and Kuwait only to chapter VI of the Charter of the international organization”. And the Security Council is expected to decide the issue later this month.
BondLadys Corner Admins & Member Chat
BondLady] I’d like to show you all an interesting article that Shaun sent me and ty Shaun Qatari Riyal ..Between the dollar peg or switching to a basket of curriences, global
16 June 2013 East Gate – achieving – Mohammed students:
Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan ..
They stressed that linking the riyal and the single currency is the dollar displays the local economy to the risk of instability in the dollar exchange rate, whether down or up in addition to inflation is unjustified and without real reasons for high prices ..
…
Read More Link On Right
He called experts Qatar Central Bank to change this policy unfair Qatari Riyals under revenue huge achieved by the Qatari economy, pointing out that the current time is appropriate to shift to linking the Qatari riyal a basket of major currencies to achieve balance, which contributes to more stability to the local economy and the stability of prices of goods and services whose price rises because of the dollar and not by supply and demand factors ..
They stressed the possibility of disengagement between the riyal and the dollar gradually phased specific and Qatar on the verge of an expected increase in imports to meet the needs of future projects, the World Cup and the large projected increase in the number of arrivals to the implementation of these projects and what they need from goods and services in all sectors ..
His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. On the economic conditions that Qatar favorable to study change its own currency,
said “In light of the increasing integration in international trade, services and asset markets may become a high degree of flexibility in the exchange rate more favorable to ensure external stability and competitiveness of our exports at the international level.”
“The addition of our financial markets will have to expand and further development in order to provide the appropriate tools to hedge risks within an environment more flexible exchange rates.” LINK
[BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change.
[BondLady] so when iraq becomes less dependant on oil and they are doing that right now, then they will change the monetary policy too?
[BondLady] ********Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan *******************
BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper,**************
[BondLady] a few years back when shabibi was talking remember I’ve told yall he said at some point he would peg the dinar to the yen and other currencies in that basket and he wanted to become a donar country when they deversified from just oil and built the private sector and economy ?
[therealbubbie] BondLady yes
[BondLady] remember all the things I’ve taught you through the last 4 plus years and what you all and us together have learned, this is what iraq is doing now
[BondLady] Qatar is just now thinking bout it “qatar central bank…. “but made clear that the bank is not currently considering any change.
[BondLady] but imo iraq is and soon, they already moved towards the free market and they are doing their own stuff too like cement, copper, phosphorus lots and lots, agriculture and dairy, livestock
[Shredd] marshes producing too
[BondLady] yeppers and lets not forget their most valuable next to oil is their heritage and history and antiques, pilgrimages all through out the year to iraq.
[Shredd] all the underpinnings a strong emerging economy needs
[BondLady] shabibi said the private sector and the economy is what would build a strong dinar rate, as strong as it already is removing them from chapter 7 brings out their party clothes
[Shredd] yes! and exports will pick up resulting in tax revenue. BondLady investment will pour in once chap 7 is removed totally CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION
[BondLady] u betcha
[Shredd] that says to investors: they still have progress to be made before we invest but once that is gone, they are head and shoulders with peers
[BondLady] and compete with anyone then
[Shredd] yes. “[Iraq] would return to the international stature prestigious…and converts it to an active member of the United United will have the freedom to practice its activities in the world.”
[tlm724] imo removal from chapter 7, which I truly believe will happen on the 27th , this action in its self will open the flood gates for Iraq, their infrastructure will grow well beyond their aspirations with the influx of investors and the world as a whole will come in with guns loaded
[Shredd] tlm724 yes and as investent goes, it will pick up quick the faster they do the greater chance for gains and less competition
[lightingcslt] tlm724 I beleive they doing that right now
[tlm724] lightingcslt what we see now is the just the tip of the iceburg
[BondLady] agreed timmy
[Shredd] …..a stamp of approval of the UN saying Iraq has the freedom to practice its activities in the world like everyone else does
[BondLady] the beginning of iraq getting their picture on the cover of the rollin stones with that lil bubbies, hit the big time
[tlm724] we already know most of the sanctions were lifted from iraq and the UN chapter 6 allows Iraq to do their own negotiations whether it is internal or external with UN just watching instead of interceding
[Shredd] yes economic maturity and freedom
[lightingcslt] tlm724 oh I agree I’m just saying they have been getting ready for this behind the scenes
[tlm724] lightingcslt right !
[Shredd ] I agree lighters, they’d have too, a big move, investment opportunity preparations too imo
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start.. I think Iraq will by-pass Qatar in the future as far as wealth is concerned and nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] can someone please show the current exchange rate for Qatar and surrounding countries, like the GCC countries maybe
[player46] Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
[player46] they all look close 1.00 BHD = 2.65182 USD Bahraini Dinar ↔ US Dollar 1 BHD = 2.65182 USD 1 USD = 0.377099 BHD
Qatari Riyal ↔ US Dollar 1 QAR = 0.274620 USD 1 USD = 3.64140 QAR
1.00 KWD = 3.53108 USD Kuwaiti Dinar ↔ US Dollar 1 KWD = 3.53108 USD 1 USD = 0.283200 KWD
1.00 OMR = 2.59673 USD Omani Rial ↔ US Dollar 1 OMR = 2.59673 USD 1 USD = 0.385100 OMR
1.00 SAR = 0.266624 USD Saudi Arabian Riyal ↔ US Dollar 1 SAR = 0.266624 USD 1 USD = 3.75060 SAR
1.00 AED = 0.272253 USD Emirati Dirham ↔ US Dollar 1 AED = 0.272253 USD 1 USD = 3.67305 AED
ok all you math peeps.. compare and report…
[Shredd] .37cents 3.64 .28 cents .38 cents 3.76 3.67 those are the dollar sides
[player46] so Iraq needs to fit in there somewhere.. ty Shredd, so Qatar is .37 cents?
[Shredd] well, 37 cents is quite a bit away from 3.76 but yes, somewhere
[Shredd] Bahrain – 37 cents. Qatar 3.64
[player46] oh ok ty..
[Shredd] so on… I did them in the order you have
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start… I think Iraq will by-pass Qatar in the future as far as wealth is concerned, nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] Iraq launches a strategic economic plan
[BondLady] Iraqi lawmakers have questioned and experts in the country’s ability to implement a strategic economic plans implementation takes less than two decades, Aazin the reasons for the lack of political awareness, which will be in the way of continuing to implement the plan,
if the current government changed. Iraq announced the launch of the National Strategic Plan for Integrated Energy (2013 -2030) will hopefully provide tens of thousands of jobs, and building ports to raise the country’s export capacity to six million barrels of oil per day.
Deputy Prime Minister for Energy, Hussain al-Shahristani «actually started the implementation of the national plan stages integrated national strategy, according to a schedule from 2013 to 2030 …
Iraq will shift in the next twenty years of dependence on oil to rely on the economy to raise the standard of living of citizens. He added: «can not rely solely on the production and export of oil must build an integrated plan for manufacturing instead of importing these products,
and announced« giant sign contracts and memoranda of understanding with ten insurance companies to 15 thousand MW electricity. The ministries called «the implementation of the plan, both within its jurisdiction and timing, and pointed out that it would make the Iraqi industry sophisticated global level for the chemical industry ‘, and that’ there are contracts to build new refineries and companies were invited to submit bids.
New gas company It was announced that «Iraq also signed a contract to establish a new company for gas and committed the oil companies not to burn gas lieutenant to extract the oil, but investment»,
and pointed out that «Iraq has a plan to build new pipelines and construction of ports of export to be Iraqi ports able to export six million barrels of oil a day year next ».
Shahristani said that «the four licensing rounds conducted by the Iraq earlier produced 12 oil contracts, stressing that« the fifth round of licenses to be held before the end of the year.
In this area, the representative of ‘World Bank’ in Iraq, Simon Stolb, during a party the launch of the National Strategic Plan of integrated energy that «the World Bank will support Iraq to implement this strategy, which is ready to assist technically and financially.
And saw oil expert government, Hamza Jeweler, on the sidelines of the ceremony in a statement to «life», that the three ministries «started preparing for this strategy since mid-2011, the oil and electricity industry, but its implementation and success require the support of other ministries,
because the factors of success does not lie masterly in execution only, but what we need most is to increase political awareness. http://alhayat.com/Details/524306
[BondLady] thanks everyone , good chat
They stressed the possibility of disengagement between the riyal and the dollar gradually phased specific and Qatar on the verge of an expected increase in imports to meet the needs of future projects, the World Cup and the large projected increase in the number of arrivals to the implementation of these projects and what they need from goods and services in all sectors ..
His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. On the economic conditions that Qatar favorable to study change its own currency,
said “In light of the increasing integration in international trade, services and asset markets may become a high degree of flexibility in the exchange rate more favorable to ensure external stability and competitiveness of our exports at the international level.”
“The addition of our financial markets will have to expand and further development in order to provide the appropriate tools to hedge risks within an environment more flexible exchange rates.” LINK
[BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change.
[BondLady] so when iraq becomes less dependant on oil and they are doing that right now, then they will change the monetary policy too?
[BondLady] ********Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan *******************
BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper,**************
[BondLady] a few years back when shabibi was talking remember I’ve told yall he said at some point he would peg the dinar to the yen and other currencies in that basket and he wanted to become a donar country when they deversified from just oil and built the private sector and economy ?
[therealbubbie] BondLady yes
[BondLady] remember all the things I’ve taught you through the last 4 plus years and what you all and us together have learned, this is what iraq is doing now
[BondLady] Qatar is just now thinking bout it “qatar central bank…. “but made clear that the bank is not currently considering any change.
[BondLady] but imo iraq is and soon, they already moved towards the free market and they are doing their own stuff too like cement, copper, phosphorus lots and lots, agriculture and dairy, livestock
[Shredd] marshes producing too
[BondLady] yeppers and lets not forget their most valuable next to oil is their heritage and history and antiques, pilgrimages all through out the year to iraq.
[Shredd] all the underpinnings a strong emerging economy needs
[BondLady] shabibi said the private sector and the economy is what would build a strong dinar rate, as strong as it already is removing them from chapter 7 brings out their party clothes
[Shredd] yes! and exports will pick up resulting in tax revenue. BondLady investment will pour in once chap 7 is removed totally CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION
[BondLady] u betcha
[Shredd] that says to investors: they still have progress to be made before we invest but once that is gone, they are head and shoulders with peers
[BondLady] and compete with anyone then
[Shredd] yes. “[Iraq] would return to the international stature prestigious…and converts it to an active member of the United United will have the freedom to practice its activities in the world.”
[tlm724] imo removal from chapter 7, which I truly believe will happen on the 27th , this action in its self will open the flood gates for Iraq, their infrastructure will grow well beyond their aspirations with the influx of investors and the world as a whole will come in with guns loaded
[Shredd] tlm724 yes and as investent goes, it will pick up quick the faster they do the greater chance for gains and less competition
[lightingcslt] tlm724 I beleive they doing that right now
[tlm724] lightingcslt what we see now is the just the tip of the iceburg
[BondLady] agreed timmy
[Shredd] …..a stamp of approval of the UN saying Iraq has the freedom to practice its activities in the world like everyone else does
[BondLady] the beginning of iraq getting their picture on the cover of the rollin stones with that lil bubbies, hit the big time
[tlm724] we already know most of the sanctions were lifted from iraq and the UN chapter 6 allows Iraq to do their own negotiations whether it is internal or external with UN just watching instead of interceding
[Shredd] yes economic maturity and freedom
[lightingcslt] tlm724 oh I agree I’m just saying they have been getting ready for this behind the scenes
[tlm724] lightingcslt right !
[Shredd ] I agree lighters, they’d have too, a big move, investment opportunity preparations too imo
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start.. I think Iraq will by-pass Qatar in the future as far as wealth is concerned and nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] can someone please show the current exchange rate for Qatar and surrounding countries, like the GCC countries maybe
[player46] Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
[player46] they all look close 1.00 BHD = 2.65182 USD Bahraini Dinar ↔ US Dollar 1 BHD = 2.65182 USD 1 USD = 0.377099 BHD
Qatari Riyal ↔ US Dollar 1 QAR = 0.274620 USD 1 USD = 3.64140 QAR
1.00 KWD = 3.53108 USD Kuwaiti Dinar ↔ US Dollar 1 KWD = 3.53108 USD 1 USD = 0.283200 KWD
1.00 OMR = 2.59673 USD Omani Rial ↔ US Dollar 1 OMR = 2.59673 USD 1 USD = 0.385100 OMR
1.00 SAR = 0.266624 USD Saudi Arabian Riyal ↔ US Dollar 1 SAR = 0.266624 USD 1 USD = 3.75060 SAR
1.00 AED = 0.272253 USD Emirati Dirham ↔ US Dollar 1 AED = 0.272253 USD 1 USD = 3.67305 AED
ok all you math peeps.. compare and report…
[Shredd] .37cents 3.64 .28 cents .38 cents 3.76 3.67 those are the dollar sides
[player46] so Iraq needs to fit in there somewhere.. ty Shredd, so Qatar is .37 cents?
[Shredd] well, 37 cents is quite a bit away from 3.76 but yes, somewhere
[Shredd] Bahrain – 37 cents. Qatar 3.64
[player46] oh ok ty..
[Shredd] so on… I did them in the order you have
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start… I think Iraq will by-pass Qatar in the future as far as wealth is concerned, nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] Iraq launches a strategic economic plan
[BondLady] Iraqi lawmakers have questioned and experts in the country’s ability to implement a strategic economic plans implementation takes less than two decades, Aazin the reasons for the lack of political awareness, which will be in the way of continuing to implement the plan,
if the current government changed. Iraq announced the launch of the National Strategic Plan for Integrated Energy (2013 -2030) will hopefully provide tens of thousands of jobs, and building ports to raise the country’s export capacity to six million barrels of oil per day.
Deputy Prime Minister for Energy, Hussain al-Shahristani «actually started the implementation of the national plan stages integrated national strategy, according to a schedule from 2013 to 2030 …
Iraq will shift in the next twenty years of dependence on oil to rely on the economy to raise the standard of living of citizens. He added: «can not rely solely on the production and export of oil must build an integrated plan for manufacturing instead of importing these products,
and announced« giant sign contracts and memoranda of understanding with ten insurance companies to 15 thousand MW electricity. The ministries called «the implementation of the plan, both within its jurisdiction and timing, and pointed out that it would make the Iraqi industry sophisticated global level for the chemical industry ‘, and that’ there are contracts to build new refineries and companies were invited to submit bids.
New gas company It was announced that «Iraq also signed a contract to establish a new company for gas and committed the oil companies not to burn gas lieutenant to extract the oil, but investment»,
and pointed out that «Iraq has a plan to build new pipelines and construction of ports of export to be Iraqi ports able to export six million barrels of oil a day year next ».
Shahristani said that «the four licensing rounds conducted by the Iraq earlier produced 12 oil contracts, stressing that« the fifth round of licenses to be held before the end of the year.
In this area, the representative of ‘World Bank’ in Iraq, Simon Stolb, during a party the launch of the National Strategic Plan of integrated energy that «the World Bank will support Iraq to implement this strategy, which is ready to assist technically and financially.
And saw oil expert government, Hamza Jeweler, on the sidelines of the ceremony in a statement to «life», that the three ministries «started preparing for this strategy since mid-2011, the oil and electricity industry, but its implementation and success require the support of other ministries,
because the factors of success does not lie masterly in execution only, but what we need most is to increase political awareness. http://alhayat.com/Details/524306
[BondLady] thanks everyone , good chat
BondLadys Corner Admins & Member Chat
BondLady] I’d like to show you all an interesting article that Shaun sent me and ty Shaun Qatari Riyal ..Between the dollar peg or switching to a basket of curriences, global
16 June 2013 East Gate – achieving – Mohammed students:
Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan ..
They stressed that linking the riyal and the single currency is the dollar displays the local economy to the risk of instability in the dollar exchange rate, whether down or up in addition to inflation is unjustified and without real reasons for high prices ..
…
Read More Link On Right
He called experts Qatar Central Bank to change this policy unfair Qatari Riyals under revenue huge achieved by the Qatari economy, pointing out that the current time is appropriate to shift to linking the Qatari riyal a basket of major currencies to achieve balance, which contributes to more stability to the local economy and the stability of prices of goods and services whose price rises because of the dollar and not by supply and demand factors ..
They stressed the possibility of disengagement between the riyal and the dollar gradually phased specific and Qatar on the verge of an expected increase in imports to meet the needs of future projects, the World Cup and the large projected increase in the number of arrivals to the implementation of these projects and what they need from goods and services in all sectors ..
His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. On the economic conditions that Qatar favorable to study change its own currency,
said “In light of the increasing integration in international trade, services and asset markets may become a high degree of flexibility in the exchange rate more favorable to ensure external stability and competitiveness of our exports at the international level.”
“The addition of our financial markets will have to expand and further development in order to provide the appropriate tools to hedge risks within an environment more flexible exchange rates.” LINK
[BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change.
[BondLady] so when iraq becomes less dependant on oil and they are doing that right now, then they will change the monetary policy too?
[BondLady] ********Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan *******************
BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper,**************
[BondLady] a few years back when shabibi was talking remember I’ve told yall he said at some point he would peg the dinar to the yen and other currencies in that basket and he wanted to become a donar country when they deversified from just oil and built the private sector and economy ?
[therealbubbie] BondLady yes
[BondLady] remember all the things I’ve taught you through the last 4 plus years and what you all and us together have learned, this is what iraq is doing now
[BondLady] Qatar is just now thinking bout it “qatar central bank…. “but made clear that the bank is not currently considering any change.
[BondLady] but imo iraq is and soon, they already moved towards the free market and they are doing their own stuff too like cement, copper, phosphorus lots and lots, agriculture and dairy, livestock
[Shredd] marshes producing too
[BondLady] yeppers and lets not forget their most valuable next to oil is their heritage and history and antiques, pilgrimages all through out the year to iraq.
[Shredd] all the underpinnings a strong emerging economy needs
[BondLady] shabibi said the private sector and the economy is what would build a strong dinar rate, as strong as it already is removing them from chapter 7 brings out their party clothes
[Shredd] yes! and exports will pick up resulting in tax revenue. BondLady investment will pour in once chap 7 is removed totally CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION
[BondLady] u betcha
[Shredd] that says to investors: they still have progress to be made before we invest but once that is gone, they are head and shoulders with peers
[BondLady] and compete with anyone then
[Shredd] yes. “[Iraq] would return to the international stature prestigious…and converts it to an active member of the United United will have the freedom to practice its activities in the world.”
[tlm724] imo removal from chapter 7, which I truly believe will happen on the 27th , this action in its self will open the flood gates for Iraq, their infrastructure will grow well beyond their aspirations with the influx of investors and the world as a whole will come in with guns loaded
[Shredd] tlm724 yes and as investent goes, it will pick up quick the faster they do the greater chance for gains and less competition
[lightingcslt] tlm724 I beleive they doing that right now
[tlm724] lightingcslt what we see now is the just the tip of the iceburg
[BondLady] agreed timmy
[Shredd] …..a stamp of approval of the UN saying Iraq has the freedom to practice its activities in the world like everyone else does
[BondLady] the beginning of iraq getting their picture on the cover of the rollin stones with that lil bubbies, hit the big time
[tlm724] we already know most of the sanctions were lifted from iraq and the UN chapter 6 allows Iraq to do their own negotiations whether it is internal or external with UN just watching instead of interceding
[Shredd] yes economic maturity and freedom
[lightingcslt] tlm724 oh I agree I’m just saying they have been getting ready for this behind the scenes
[tlm724] lightingcslt right !
[Shredd ] I agree lighters, they’d have too, a big move, investment opportunity preparations too imo
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start.. I think Iraq will by-pass Qatar in the future as far as wealth is concerned and nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] can someone please show the current exchange rate for Qatar and surrounding countries, like the GCC countries maybe
[player46] Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
[player46] they all look close 1.00 BHD = 2.65182 USD Bahraini Dinar ↔ US Dollar 1 BHD = 2.65182 USD 1 USD = 0.377099 BHD
Qatari Riyal ↔ US Dollar 1 QAR = 0.274620 USD 1 USD = 3.64140 QAR
1.00 KWD = 3.53108 USD Kuwaiti Dinar ↔ US Dollar 1 KWD = 3.53108 USD 1 USD = 0.283200 KWD
1.00 OMR = 2.59673 USD Omani Rial ↔ US Dollar 1 OMR = 2.59673 USD 1 USD = 0.385100 OMR
1.00 SAR = 0.266624 USD Saudi Arabian Riyal ↔ US Dollar 1 SAR = 0.266624 USD 1 USD = 3.75060 SAR
1.00 AED = 0.272253 USD Emirati Dirham ↔ US Dollar 1 AED = 0.272253 USD 1 USD = 3.67305 AED
ok all you math peeps.. compare and report…
[Shredd] .37cents 3.64 .28 cents .38 cents 3.76 3.67 those are the dollar sides
[player46] so Iraq needs to fit in there somewhere.. ty Shredd, so Qatar is .37 cents?
[Shredd] well, 37 cents is quite a bit away from 3.76 but yes, somewhere
[Shredd] Bahrain – 37 cents. Qatar 3.64
[player46] oh ok ty..
[Shredd] so on… I did them in the order you have
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start… I think Iraq will by-pass Qatar in the future as far as wealth is concerned, nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] Iraq launches a strategic economic plan
[BondLady] Iraqi lawmakers have questioned and experts in the country’s ability to implement a strategic economic plans implementation takes less than two decades, Aazin the reasons for the lack of political awareness, which will be in the way of continuing to implement the plan,
if the current government changed. Iraq announced the launch of the National Strategic Plan for Integrated Energy (2013 -2030) will hopefully provide tens of thousands of jobs, and building ports to raise the country’s export capacity to six million barrels of oil per day.
Deputy Prime Minister for Energy, Hussain al-Shahristani «actually started the implementation of the national plan stages integrated national strategy, according to a schedule from 2013 to 2030 …
Iraq will shift in the next twenty years of dependence on oil to rely on the economy to raise the standard of living of citizens. He added: «can not rely solely on the production and export of oil must build an integrated plan for manufacturing instead of importing these products,
and announced« giant sign contracts and memoranda of understanding with ten insurance companies to 15 thousand MW electricity. The ministries called «the implementation of the plan, both within its jurisdiction and timing, and pointed out that it would make the Iraqi industry sophisticated global level for the chemical industry ‘, and that’ there are contracts to build new refineries and companies were invited to submit bids.
New gas company It was announced that «Iraq also signed a contract to establish a new company for gas and committed the oil companies not to burn gas lieutenant to extract the oil, but investment»,
and pointed out that «Iraq has a plan to build new pipelines and construction of ports of export to be Iraqi ports able to export six million barrels of oil a day year next ».
Shahristani said that «the four licensing rounds conducted by the Iraq earlier produced 12 oil contracts, stressing that« the fifth round of licenses to be held before the end of the year.
In this area, the representative of ‘World Bank’ in Iraq, Simon Stolb, during a party the launch of the National Strategic Plan of integrated energy that «the World Bank will support Iraq to implement this strategy, which is ready to assist technically and financially.
And saw oil expert government, Hamza Jeweler, on the sidelines of the ceremony in a statement to «life», that the three ministries «started preparing for this strategy since mid-2011, the oil and electricity industry, but its implementation and success require the support of other ministries,
because the factors of success does not lie masterly in execution only, but what we need most is to increase political awareness. http://alhayat.com/Details/524306
[BondLady] thanks everyone , good chat
They stressed the possibility of disengagement between the riyal and the dollar gradually phased specific and Qatar on the verge of an expected increase in imports to meet the needs of future projects, the World Cup and the large projected increase in the number of arrivals to the implementation of these projects and what they need from goods and services in all sectors ..
His Excellency Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change. On the economic conditions that Qatar favorable to study change its own currency,
said “In light of the increasing integration in international trade, services and asset markets may become a high degree of flexibility in the exchange rate more favorable to ensure external stability and competitiveness of our exports at the international level.”
“The addition of our financial markets will have to expand and further development in order to provide the appropriate tools to hedge risks within an environment more flexible exchange rates.” LINK
[BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper, but made clear that the bank is not currently considering any change.
[BondLady] so when iraq becomes less dependant on oil and they are doing that right now, then they will change the monetary policy too?
[BondLady] ********Confirmed the bankers and businessmen that the strength of the Qatari economy and growth rates enjoyed by large supports changing policy of linking the riyal to the U.S. dollar and tie a basket ofglobal currencies especially the euro and the Japanese yen and the pound sterling at a later stage the Chinese yuan *******************
BondLady] Governor of Qatar Central Bank has confirmed that Qatar has changed the riyal peg to the dollar when its economy becomes less dependent on oil and gas and increased domestic capital markets deeper,**************
[BondLady] a few years back when shabibi was talking remember I’ve told yall he said at some point he would peg the dinar to the yen and other currencies in that basket and he wanted to become a donar country when they deversified from just oil and built the private sector and economy ?
[therealbubbie] BondLady yes
[BondLady] remember all the things I’ve taught you through the last 4 plus years and what you all and us together have learned, this is what iraq is doing now
[BondLady] Qatar is just now thinking bout it “qatar central bank…. “but made clear that the bank is not currently considering any change.
[BondLady] but imo iraq is and soon, they already moved towards the free market and they are doing their own stuff too like cement, copper, phosphorus lots and lots, agriculture and dairy, livestock
[Shredd] marshes producing too
[BondLady] yeppers and lets not forget their most valuable next to oil is their heritage and history and antiques, pilgrimages all through out the year to iraq.
[Shredd] all the underpinnings a strong emerging economy needs
[BondLady] shabibi said the private sector and the economy is what would build a strong dinar rate, as strong as it already is removing them from chapter 7 brings out their party clothes
[Shredd] yes! and exports will pick up resulting in tax revenue. BondLady investment will pour in once chap 7 is removed totally CHAPTER VII: ACTION WITH RESPECT TO THREATS TO THE PEACE, BREACHES OF THE PEACE, AND ACTS OF AGGRESSION
[BondLady] u betcha
[Shredd] that says to investors: they still have progress to be made before we invest but once that is gone, they are head and shoulders with peers
[BondLady] and compete with anyone then
[Shredd] yes. “[Iraq] would return to the international stature prestigious…and converts it to an active member of the United United will have the freedom to practice its activities in the world.”
[tlm724] imo removal from chapter 7, which I truly believe will happen on the 27th , this action in its self will open the flood gates for Iraq, their infrastructure will grow well beyond their aspirations with the influx of investors and the world as a whole will come in with guns loaded
[Shredd] tlm724 yes and as investent goes, it will pick up quick the faster they do the greater chance for gains and less competition
[lightingcslt] tlm724 I beleive they doing that right now
[tlm724] lightingcslt what we see now is the just the tip of the iceburg
[BondLady] agreed timmy
[Shredd] …..a stamp of approval of the UN saying Iraq has the freedom to practice its activities in the world like everyone else does
[BondLady] the beginning of iraq getting their picture on the cover of the rollin stones with that lil bubbies, hit the big time
[tlm724] we already know most of the sanctions were lifted from iraq and the UN chapter 6 allows Iraq to do their own negotiations whether it is internal or external with UN just watching instead of interceding
[Shredd] yes economic maturity and freedom
[lightingcslt] tlm724 oh I agree I’m just saying they have been getting ready for this behind the scenes
[tlm724] lightingcslt right !
[Shredd ] I agree lighters, they’d have too, a big move, investment opportunity preparations too imo
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start.. I think Iraq will by-pass Qatar in the future as far as wealth is concerned and nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] can someone please show the current exchange rate for Qatar and surrounding countries, like the GCC countries maybe
[player46] Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
[player46] they all look close 1.00 BHD = 2.65182 USD Bahraini Dinar ↔ US Dollar 1 BHD = 2.65182 USD 1 USD = 0.377099 BHD
Qatari Riyal ↔ US Dollar 1 QAR = 0.274620 USD 1 USD = 3.64140 QAR
1.00 KWD = 3.53108 USD Kuwaiti Dinar ↔ US Dollar 1 KWD = 3.53108 USD 1 USD = 0.283200 KWD
1.00 OMR = 2.59673 USD Omani Rial ↔ US Dollar 1 OMR = 2.59673 USD 1 USD = 0.385100 OMR
1.00 SAR = 0.266624 USD Saudi Arabian Riyal ↔ US Dollar 1 SAR = 0.266624 USD 1 USD = 3.75060 SAR
1.00 AED = 0.272253 USD Emirati Dirham ↔ US Dollar 1 AED = 0.272253 USD 1 USD = 3.67305 AED
ok all you math peeps.. compare and report…
[Shredd] .37cents 3.64 .28 cents .38 cents 3.76 3.67 those are the dollar sides
[player46] so Iraq needs to fit in there somewhere.. ty Shredd, so Qatar is .37 cents?
[Shredd] well, 37 cents is quite a bit away from 3.76 but yes, somewhere
[Shredd] Bahrain – 37 cents. Qatar 3.64
[player46] oh ok ty..
[Shredd] so on… I did them in the order you have
[player46] Qatar is the richest country in the world I believe
[Shredd] Qatar is a hot bed of investment now
[player46] yes
[Shredd] heck, i’d take 28 cents!
[player46] yes me too.. a very good start… I think Iraq will by-pass Qatar in the future as far as wealth is concerned, nice company for Iraq to keep… they are like peas and carrots…
[Shredd] yes, they will be the strongest in the ME
[BondLady] Iraq launches a strategic economic plan
[BondLady] Iraqi lawmakers have questioned and experts in the country’s ability to implement a strategic economic plans implementation takes less than two decades, Aazin the reasons for the lack of political awareness, which will be in the way of continuing to implement the plan,
if the current government changed. Iraq announced the launch of the National Strategic Plan for Integrated Energy (2013 -2030) will hopefully provide tens of thousands of jobs, and building ports to raise the country’s export capacity to six million barrels of oil per day.
Deputy Prime Minister for Energy, Hussain al-Shahristani «actually started the implementation of the national plan stages integrated national strategy, according to a schedule from 2013 to 2030 …
Iraq will shift in the next twenty years of dependence on oil to rely on the economy to raise the standard of living of citizens. He added: «can not rely solely on the production and export of oil must build an integrated plan for manufacturing instead of importing these products,
and announced« giant sign contracts and memoranda of understanding with ten insurance companies to 15 thousand MW electricity. The ministries called «the implementation of the plan, both within its jurisdiction and timing, and pointed out that it would make the Iraqi industry sophisticated global level for the chemical industry ‘, and that’ there are contracts to build new refineries and companies were invited to submit bids.
New gas company It was announced that «Iraq also signed a contract to establish a new company for gas and committed the oil companies not to burn gas lieutenant to extract the oil, but investment»,
and pointed out that «Iraq has a plan to build new pipelines and construction of ports of export to be Iraqi ports able to export six million barrels of oil a day year next ».
Shahristani said that «the four licensing rounds conducted by the Iraq earlier produced 12 oil contracts, stressing that« the fifth round of licenses to be held before the end of the year.
In this area, the representative of ‘World Bank’ in Iraq, Simon Stolb, during a party the launch of the National Strategic Plan of integrated energy that «the World Bank will support Iraq to implement this strategy, which is ready to assist technically and financially.
And saw oil expert government, Hamza Jeweler, on the sidelines of the ceremony in a statement to «life», that the three ministries «started preparing for this strategy since mid-2011, the oil and electricity industry, but its implementation and success require the support of other ministries,
because the factors of success does not lie masterly in execution only, but what we need most is to increase political awareness. http://alhayat.com/Details/524306
[BondLady] thanks everyone , good chat
Bank of the North’ is still topping Iraqi banks
Indicators showed activity «North Bank» Finance and Investment for the first quarter of this year, good results, most notably the growing revenue by a banner and the continuation issued by Iraqi banks in terms of profits and rising financial position, which stood at the end of March last 2.338.24 trillion Iraqi dinars (about $ 2 billion), having scored 1,178,225 trillion dinars end of 2012.
The head of the board of directors Nawzad David Fattah, dry in an interview to «life» indicators this task, as confirmed durability of the financial position of the Bank strengthened its position in the sector and its role in activating the development process, referring to the approval of the concerned authorities to increase the share capital of 210 billion dinars to 265 billion , which will increase its capacity to implement programs designed to broaden the base of its products and its contribution to the payment of the Iraqi economy to achieve its developmental goals.
He noted the need of the banking sector to broader opportunities for the development of its role in coping with the global banking sector in terms of the ability to invest optimal capital funds and ودائعه, notably review of banking legislation prevailing and modified in ways that help in the liberation of the Iraqi banks of the restrictions, as there is a need to allow them to freely opening credits, direct .
He pointed out that the restrictions imposed on Iraq under Chapter VII, to prevent Iraqi banks from to elevate their responsibility in the implementation of development projects according to the standards of an open economy.
Dry called to develop treatments resulting from the consequences that relate to government banks control over the work of financial activity in the country, which amounts to about 95 percent, while not exceeding the share of the private sector 5 percent of this important activity. He said that this matter has been addressed in numerous seminars and direct meetings that take place between private banks and the Central Bank of Iraq and the Ministry of Finance, but without getting the results, pointing out that the bureaucracy has to be one of the reasons that prevent the achievement of an ambitious private sector to reach its goals .
It also called for the adoption of radical and realistic solutions regarding treatment of the gaps in fiscal and monetary policy of the state and to accelerate the banking reform plans, to facilitate the procedures of interaction with foreign banks. In regard to the cash exchange and currency fluctuations Iraqi Dry said there are several reasons behind it, in particular the imbalance happening in the economic structure. He considered this exchange rate axis of the country’s monetary policy and as a criterion for investment activity and the development of business and financial sectors, economy and effectiveness at the level of foreign trade relations.
Hakim, Sari discuss new alliances for PCs
5-19-13 Baghdad (IraqiNews.com) The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, discussed with the Secretary General of the Jihad and Construction Movement, MP Hassan al-Sari, the topic of the new alliances for forming the new provincial councils.
A statement by Sari’s office reported that “The meeting discussed the issue of the new alliances for the PCs in light of the provincial elections’ results.”
“Sari and Hakim discussed the existence of the Mujahedeen of the marshes’ rights and the necessity to speed up implementing the two merging laws related to the Mujahedeen’s rights as well as discussing the provinces law and transferring of powers to the provinces,” the statement added.
According to the findings set apart by the Independent High Electoral Commission for the local elections that were conducted in twelve provinces, the State of Law Coalition won 108 seats followed by the Citizen Coalition which got 61 seats.
7 Point Agreement – Post From Dinar Alert
ReVbo: Here’s your seven point agreement. I could be wrong, but by my understanding, items 2-7 deal with Article 140 and Item 1 deals with HCL. It seems, to me, 140 is done, with HCL being put to a committee. I would like to have seen HCL finalized, as well, but if it’s good enough for the Barzani’s to get their people back to Parliament and CoM, I’d say today was a pretty darn good day. Thanks to BlueEyesInLevis for the link.
Barzani: Our agreement with Baghdad was not at the expense of any party Nechirvan Barzani of the Kurdistan Regional Government Nechirvan Barzani held President of the Kurdistan Regional Government, Wednesday 1/5/2013, press conference,
during which the results of the visit by the delegation of the Government of Kurdistan to Baghdad, and the agreement between Kurdistan and Baghdad, confirming that the meetings held and the agreement was not to the detriment of any party, explaining: we link us hawartna b 3 key principles (alignment, balance and partnership), the principles of the new Iraq.
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Read More Link On Right
The President of the Kurdistan Regional Government that this agreement is a good start to address the problems, but this does not mean that all problems will be solved overnight, saying that unity between political attitude and Kurdistan.
Nechirvan Barzani stressed that the agreement between Kurdistan and the Federal Government has been concluded under any pressure or external threats, adding: that Al-Maliki was not obliged to conclude an agreement with the Kurdistan governorates under pressure, because if we look at in terms of strengths and weaknesses of meetings and agreements in Iraq, we can handle any problem.
On the orientation of the peshmerga forces into Kirkuk, said nechirvan Barzani: the peshmerga came lhaft the security of citizens in that region with all her creator and spectrum without discrimination.
The following points were agreed between the Kurdistan Regional Government delegation headed by nechirvan Barzani, head of the Kurdistan Regional Government, who visited Baghdad recently, Federal Prime Minister Nouri al-Maliki:
1. set up a joint Commission to resolve the oil and gas law based on the previous agreement signed in February 2007 between the two sides.
2. amend the budget for the year 2013.
3. addressing the problems of the Tigris, Ninewa Operations leaders and the island, which will manage the security file in the disputed areas by region and Baghdad.
4. the sides to ratify the draft law the administrative boundary for cities and regions that have been changed in the time of the former regime within the policies of Arabization and ethnic and sectarian conditions sabotage, this project presented by His Excellency President Jalal Talabani to the House.
5. File Manager visas and airport jointly between the Kurdistan Regional Government and the Federal Government.
6. the Federal Government to compensate victims of the Anfal and chemical uprising and deported Kurds who fled to neighboring countries.
7. to promote cooperation and exchange of information will be the appointment of a representative of the Kurdistan region in Iraq and a representative of the Federal Government in the Kurdistan region.
http://pukmedia.com/AR_Direje.aspx?Jimare=7448
I found this from a couple weeks ago, which is very telling about the Kurds coming back to CoM and Parliament. Just more confirmation that they got what they wanted or they wouldn’t be coming back.
http://www.ekurd.net/mismas/articles/misc2013/4/kurdlocal1248.htm
Kurds will not return to Parliament and Government unless demands achieved, Kurdish Bloc
Erbil: The Kurdish Alliance presumed that the talks with the National Alliance will be resumed, but did not expect the return to the Parliament and government before “gaining the fruits of these talks”. Kurdish Alliance MP Mhama Khalil announced that his bloc will continue boycotting the Parliament and government till all promised matters by the National Alliance and Premier Nouri al-Maliki are fulfilled, particularly the governmental balance, implementation of the constitution and Erbil agreement.
In a statement to al-Hayat daily, he added that a new round of talk will commence following the provincial elections. The Kurdish negotiation delegation with Baghdad met Kurdish president Massoud Barzani and informed him on the talks held in Baghdad.
He added that two committees were formed, the first for military issues and the second on financial matters, particularly the differences on 2013 budget and payment of foreign oil companies working in the Kurdish region. aswataliraq.info
Nechirvan Barzani stressed that the agreement between Kurdistan and the Federal Government has been concluded under any pressure or external threats, adding: that Al-Maliki was not obliged to conclude an agreement with the Kurdistan governorates under pressure, because if we look at in terms of strengths and weaknesses of meetings and agreements in Iraq, we can handle any problem.
On the orientation of the peshmerga forces into Kirkuk, said nechirvan Barzani: the peshmerga came lhaft the security of citizens in that region with all her creator and spectrum without discrimination.
The following points were agreed between the Kurdistan Regional Government delegation headed by nechirvan Barzani, head of the Kurdistan Regional Government, who visited Baghdad recently, Federal Prime Minister Nouri al-Maliki:
1. set up a joint Commission to resolve the oil and gas law based on the previous agreement signed in February 2007 between the two sides.
2. amend the budget for the year 2013.
3. addressing the problems of the Tigris, Ninewa Operations leaders and the island, which will manage the security file in the disputed areas by region and Baghdad.
4. the sides to ratify the draft law the administrative boundary for cities and regions that have been changed in the time of the former regime within the policies of Arabization and ethnic and sectarian conditions sabotage, this project presented by His Excellency President Jalal Talabani to the House.
5. File Manager visas and airport jointly between the Kurdistan Regional Government and the Federal Government.
6. the Federal Government to compensate victims of the Anfal and chemical uprising and deported Kurds who fled to neighboring countries.
7. to promote cooperation and exchange of information will be the appointment of a representative of the Kurdistan region in Iraq and a representative of the Federal Government in the Kurdistan region.
http://pukmedia.com/AR_Direje.aspx?Jimare=7448
I found this from a couple weeks ago, which is very telling about the Kurds coming back to CoM and Parliament. Just more confirmation that they got what they wanted or they wouldn’t be coming back.
http://www.ekurd.net/mismas/articles/misc2013/4/kurdlocal1248.htm
Kurds will not return to Parliament and Government unless demands achieved, Kurdish Bloc
Erbil: The Kurdish Alliance presumed that the talks with the National Alliance will be resumed, but did not expect the return to the Parliament and government before “gaining the fruits of these talks”. Kurdish Alliance MP Mhama Khalil announced that his bloc will continue boycotting the Parliament and government till all promised matters by the National Alliance and Premier Nouri al-Maliki are fulfilled, particularly the governmental balance, implementation of the constitution and Erbil agreement.
In a statement to al-Hayat daily, he added that a new round of talk will commence following the provincial elections. The Kurdish negotiation delegation with Baghdad met Kurdish president Massoud Barzani and informed him on the talks held in Baghdad.
He added that two committees were formed, the first for military issues and the second on financial matters, particularly the differences on 2013 budget and payment of foreign oil companies working in the Kurdish region. aswataliraq.info
Member Discussion On Funds Protection – Post From Dinar Alert
Turki protection of funds and reserves discussions in Washington
Discussed the Iraqi Central Bank Governor Abdul Basit Turki in Washington, the protection of Iraqi funds and reserves of the Central Bank and the Development Fund for Iraq, with the U.S. Federal Reserve in New York.
The central bank said in a statement that the Turkish met with officials in the «Central» American in New York, on the sidelines of meetings of the IMF and the World Bank in Washington, DC, and discussed with them the issue of the protection of Iraqi funds and reserves, the Central Bank of Iraq and the Development Fund for Iraq and the technical issues other ».
The Iraqi assets abroad, a major cause of the worsening relationship between the Central Bank of Iraq and the government, which tried more than once to withdraw cover currency deposits abroad to cover the deficit. And cause rejection of the bank, which enjoys full independence does not accept the government granted him, issuing arrest warrants for the former governor Sinan al-Shabibi and imprisoned a number of senior officials, which, while still a parliamentary committee investigating the case until now. Dar Al Hayat
Read Full Article : www.sotaliraq.com
Tlar: The last paragraph says it all. Has anyone seen any article showing the charges against Shabibi have been dropped, or is it that this subject is taboo in Iraq and it is what has been dropped? Has the Integrity Commission said anymore on this subject?
…
Read More Link On Right
Carrello: Tlar, I have not seen anything, and I would think it would travel around Iraqi news outlets and Dinarland like wildfire.
Kaperoni: We all need to accept that there is a likelyhood that nothing will happen to the dinar as long as Maliki is in office. I hope I am wrong, but he does not seem to want to give in. I continue to be amazed though that so many in the GOI want Iraq to move forward with economic reforms.
Vice President Khudair Khuzaie came out a few weeks ago and said…”..activate the strategic framework agreement signed between Iraq and the United States, with all its provisions…” I just am baffled why so many want to move forward, yet nothing gets done.
I am hoping the threat of losing all this money to creditors is enough. If Obama protects it again for another year were screwed. So far so good…but we will see.
Shaund2073: Screwed? or just have to wait another year.. no matter what the currency we hold will gain value.. just when.. I would like it to be tomorrow but Im in this for the long haul and still a young man.. so I can wait.. However I dont see us waiting to much longer.. they are running out of currency, have so much stacking up against them its hard to beleive this one man / iran will keep this away from the world.
Cornbread: Are u kidding me this country would love to see a couple million people get rich off of something that they dont have to pay for,and remember its not about us its about the iraqi people! People needs to stop thinking that this investment is about us,we are going to win because we are holding the currency.
Timsters: i agree 100 % tlar
Einstein: I would think Obama would want this to move forward. It would open doors of additional trade with Iraq as well as an influx of capital into our economy. Hillary had been advocating for businesses to invest in Iraq. Am I missing something here?
Carrello: No, Einstein. You haven’t missed a thing.
Punisher: Turki better do the right thing and be in preperation mode. No more begging for protection of the funds. Time to start progress…
2COLLECTG: guy`s have we all forgotten that this was the bush cheney project? pres O has been told don`t interfere with this money! remember when all the presidents alive took the class pic pres O IN BETWEEN POPPY BUSH AND JR well i bet they both said we got the iraq project you just be president!
Captainstrikedown: Einstein, I agree that President Obama would want to move this forward. What I think some us might be missing or failing to appreciate is the amount of behind the scenes diplomacy going on involving many moving parts: Iraq, US, UN, WB, IMF, other governments-all in an effort to nudge things along but at the same time respectiing (or appearing to) the sovereignty of Iraq. I still think the best strategy for us is to stay calm, hope and wait.
Carrello: Captain, a wise observation and sage advice.
Sadie: We have to remember too, that this is a country that for decades was under a dictatorship..
I don’t think they know how to think for themselves. And when you have never thought you had a future under Sadam, its hard to think or decipher even how to get to a future (like a battered wife)
So Geo. Bush and Shabibi needed to lay out a plan…..but with no evidence of the plan working they are scared to impliment anything…..And then enter another dictator, who stole their money, I believe they are still pretty shell shocked…….But, it does appear they better get to moving or they will be stripped of billions……jmo
LilBitOfLuck: Here is my two cents. The CBI or the GOI or Maliki could come out and say we are waiting for another year and that would be the end of it. But that is not what is happening; story after story are getting their people ready for something.
GordonSteele: Another Perspective:
This could be an excellent opportunity for the US/IMF/WB to exert even more pressure on Iraq to clean up their act and root out corruption.
Kaperoni: We all need to accept that there is a likelyhood that nothing will happen to the dinar as long as Maliki is in office. I hope I am wrong, but he does not seem to want to give in. I continue to be amazed though that so many in the GOI want Iraq to move forward with economic reforms.
Vice President Khudair Khuzaie came out a few weeks ago and said…”..activate the strategic framework agreement signed between Iraq and the United States, with all its provisions…” I just am baffled why so many want to move forward, yet nothing gets done.
I am hoping the threat of losing all this money to creditors is enough. If Obama protects it again for another year were screwed. So far so good…but we will see.
Shaund2073: Screwed? or just have to wait another year.. no matter what the currency we hold will gain value.. just when.. I would like it to be tomorrow but Im in this for the long haul and still a young man.. so I can wait.. However I dont see us waiting to much longer.. they are running out of currency, have so much stacking up against them its hard to beleive this one man / iran will keep this away from the world.
Cornbread: Are u kidding me this country would love to see a couple million people get rich off of something that they dont have to pay for,and remember its not about us its about the iraqi people! People needs to stop thinking that this investment is about us,we are going to win because we are holding the currency.
Timsters: i agree 100 % tlar
Einstein: I would think Obama would want this to move forward. It would open doors of additional trade with Iraq as well as an influx of capital into our economy. Hillary had been advocating for businesses to invest in Iraq. Am I missing something here?
Carrello: No, Einstein. You haven’t missed a thing.
Punisher: Turki better do the right thing and be in preperation mode. No more begging for protection of the funds. Time to start progress…
2COLLECTG: guy`s have we all forgotten that this was the bush cheney project? pres O has been told don`t interfere with this money! remember when all the presidents alive took the class pic pres O IN BETWEEN POPPY BUSH AND JR well i bet they both said we got the iraq project you just be president!
Captainstrikedown: Einstein, I agree that President Obama would want to move this forward. What I think some us might be missing or failing to appreciate is the amount of behind the scenes diplomacy going on involving many moving parts: Iraq, US, UN, WB, IMF, other governments-all in an effort to nudge things along but at the same time respectiing (or appearing to) the sovereignty of Iraq. I still think the best strategy for us is to stay calm, hope and wait.
Carrello: Captain, a wise observation and sage advice.
Sadie: We have to remember too, that this is a country that for decades was under a dictatorship..
I don’t think they know how to think for themselves. And when you have never thought you had a future under Sadam, its hard to think or decipher even how to get to a future (like a battered wife)
So Geo. Bush and Shabibi needed to lay out a plan…..but with no evidence of the plan working they are scared to impliment anything…..And then enter another dictator, who stole their money, I believe they are still pretty shell shocked…….But, it does appear they better get to moving or they will be stripped of billions……jmo
LilBitOfLuck: Here is my two cents. The CBI or the GOI or Maliki could come out and say we are waiting for another year and that would be the end of it. But that is not what is happening; story after story are getting their people ready for something.
GordonSteele: Another Perspective:
This could be an excellent opportunity for the US/IMF/WB to exert even more pressure on Iraq to clean up their act and root out corruption.
This might include formally reinstating Shabibi to the CBI, replacing Talibani with a president who is healthy enough to actually perform the functions of that office and also initiate proceedings against Maliki so that true reform can be instituted both in currency policy as well as in the political process.
It should be remembered that if Iraq loses the DFI funds, that might be a setback from which they would not recover.
Carrello: Gordon, where ya’ been? I like your thinking on this, and agree that your perspective is a distinct possibility, and very likely.
Kaperoni: I have always agreed with the theory that getting this done helps not only the world, but Iraq as investment comes in. But since Maliki has a “weak dinar” policy we must examine why?
I think it comes down to him being fearful that giving wealth back to Iraqi’s could or would be used against him or his political party. And If I am correct, he wants a more cohesive GOI (or a more controlling one) before he would be willing to let it happen. That being said, there is much going on behind the scenes to progress economic advancement in Iraq.
2COLLECTG: the day we hear that the iraqi`s have received they`re share of the wealth then we wll get ours! let`s just remember this is not about us this is about IRAQ!
Kaperoni: Baghdad to discuss with Washington to renew the protection of Iraqi funds abroad
LINK
Redwing: Dumb question here, so please forgive me…. what exactly is Iraq supposed to do to protect the DFI funds? I know everyone is saying “rv” to this question, but on a factual basis is there any verifiable evidence of anything they can do to prevent the billions in lawsuits??? In Reality what is significant about may 22 deadline?
Kaperoni: Redwing, not so much RV, but live up to the agreements for the debt forgiveness. Which means for Iraq to enter or re-integrate into the global economy and have a convertible tradable currency. At that point, many benchmarks (agreement terms) will be met forgiving Iraq’s debt.
Those that still want to take a shot, can negotiate a settlement or additional investment opportunities with Iraq. The bottom line is Iraq needs to stand up and take care of there own business affairs. To be self reliant and self sufficient. That is how they protect there money.
Kaperoni: Iraq discusses with the ‘central’ American renewal protect his money in foreign banks
BAGHDAD – Naseer Goldfinch Monday, April 22, 2013 LINK
BI ensures sufficient US dollar supply
BI ensures sufficient US dollar supply
Jakarta Post – Apr 20, 2013
Jakarta Post – Apr 20, 2013
No worries: A teller counts rupiah banknotes at a BNI Syariah branch in Jakarta on Friday. Bank Indonesia has played down concerns on possible dollar shortages. (JP/Nurhayati). The central bank has dampened concerns about a possible dollar shortage in …
Intel4U Members Thoughts and Opinions Friday AM
[nolaspice] whooo hoooo – happy friday!! lets all agree to get along, get apart or get a spanking – i bought a wooden spoon lst night and i am feeling feisty!!!! step right up! loving life – filled with energy and ready to share the jubilation!!
paradisegirl] Robertprofessor Loved Jester’s post from last night
[Robertprofessor] paradisegirl Yes, me too. I think my basic guess of where we are right now is correct: tier 2 is finishing up, it’s taken more time than guessed, but our turn is drawing near. I think that’s where we are today.
[paradisegirl] Robertprofessor would be funny if it went live on Monday – tax day would take on a whole new meaning! lol
[Robertprofessor] paradisegirl That would be sweet!
[tc0043] Robertprofessor IMO no one will have access to cash until there is a live public rate.
[weimar] tier one – soverign nations – tier 2 govt officals and mucky mucks – tier 3 us
[Papa Bear] weimar Good Post
[Robertprofessor] tc0043 That has to be true. Double dip scenarios of any type have been eliminated, imo.
[Robertprofessor] weimar I guess I’m not a mucky muck, shucks.
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Read More Link on Right
[free4flight] Does anyone know the history of the RI of the Kuwaiti Dinar? Did they use the Tier system? I can understand maybe why the gov’ts get to go first but it seems to me the rest of us would be getting it on at the same time.
[candy] free4flight this is not the same deal as Kuwait
[free4flight] I understand it is not the same but it was similar in certain ways…
[candy] free4flight not really… Kuwait was in RI and the circumstances were completely different
[free4flight] The same in that they bought for pennies and then walked in and exchanged at a high rate
[moonchild] the IQD situation is much more similar to what happened with the deutschmark after WW2 than what happened in Kuwait
[free4flight] Still… was wondering if they used a tier system to exchange?
[cman13] jmo in most gov’s. as in federally regulated entities they have tier systems in place. ( Rail road etirements fed. retirements etc. ) tiers are not an uncommon thing. It’s a form of a chain of command so to speak. who cares about this? we wait our turns. it’s all we can do. it’s not who is right or
[greasee5] free4flight deff. not the same, but kuwait went, and fast on a free float and almost broke the country, with hedges, up to 12 bucks in 6 hrs. before they stepped in and adjusted rate to sustainable amt. (managed float)
[free4flight] cman13 It was more of history question more than anything, it was me wondering if they used a tier system with the Kuwaiti dinar exchange, it doesn’t matter to me at all the timing of a tier 3 exchange as long as it is this MORNING.. HA
[cman13] free4flight well even when kuwait happened imo it still had to run through a tiered proccess. All things do. look at court cases. they are all stepped to be in a certain order.
[candy] free4flight this is not the same deal as Kuwait
[free4flight] I understand it is not the same but it was similar in certain ways…
[candy] free4flight not really… Kuwait was in RI and the circumstances were completely different
[free4flight] The same in that they bought for pennies and then walked in and exchanged at a high rate
[moonchild] the IQD situation is much more similar to what happened with the deutschmark after WW2 than what happened in Kuwait
[free4flight] Still… was wondering if they used a tier system to exchange?
[cman13] jmo in most gov’s. as in federally regulated entities they have tier systems in place. ( Rail road etirements fed. retirements etc. ) tiers are not an uncommon thing. It’s a form of a chain of command so to speak. who cares about this? we wait our turns. it’s all we can do. it’s not who is right or
[greasee5] free4flight deff. not the same, but kuwait went, and fast on a free float and almost broke the country, with hedges, up to 12 bucks in 6 hrs. before they stepped in and adjusted rate to sustainable amt. (managed float)
[free4flight] cman13 It was more of history question more than anything, it was me wondering if they used a tier system with the Kuwaiti dinar exchange, it doesn’t matter to me at all the timing of a tier 3 exchange as long as it is this MORNING.. HA
[cman13] free4flight well even when kuwait happened imo it still had to run through a tiered proccess. All things do. look at court cases. they are all stepped to be in a certain order.
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[okrocks] [wileymorgan] The tier theory is an easy way to state things, but for all intense and purposes not quite factual [wileymorgan] Hypothetically lets say that some contracts with certain entities were given back when the Iraq currency was to originally revalue. Said contracts are still valid and being honored…
[wileymorgan] Me-you-we will be the last to make our way to any location to make an exchange-cash out-or whatever they are calling it now, I quit keeping track of all the misinfo, to much to remember. Think I will just stay with what the deal that was made with the bank.
[msgwen] free4flight One main difference in IQD and Kuwait is that people like us
[Robertprofessor] Papa Bear My basic idea of where we are is this: tier 2 is doing their thing, it’s taking a bit longer than first guessed, but they’re nearly done, and we follow shortly after? Is that a rough estimate of where things are now?
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[Jester] Robertprofessor seems to be some tier questions… TIER 1. SETTLEMENT PACKAGES, THAT’S MONEY TO THE SOVERIGNS AKA COUNTRY’S, 2: ARE THE PLATFORM HUMANITARIAN PROJECTS ETC AND BIG GUYS AKA WHALES, 3: ALL AROUND HOME GROWN REGULAR CRAZY PEOPLE WITH A DREAM OF EXCHANGING DINAR ONE DAY.
[coorslite21] Robertprofessor …..IYO…..who determined the tiers…….and what’s the break off between 2 and 3?
[cherish] Robertprofessor yep
vegaspete] Were waiting for Okie then the email period..
Robertprofessor] coorslite21 I have no idea how the tiers were developed. As to your second question, I think tier 3 will follow tier 2 immediately, and there is some type of codependence between them.
[Jester] if that sounds like WILDDUCK that is because it is from his previous posts…
[Robertprofessor] Jester Yes to all of that. Some have wondered when the tier system came into this or maybe just into view, have tiers been done in the past like with Kuwait of the German mark after WW2, etc. Bigger question, can the tier 2 people finish and give us our turn?
[Readynow] Jester where do the PP fit into this please?
[davrr007] Robertprofessor The Tier Concept has been going on for years…
[free4flight] Robertprofessor Good questions… 
[Robertprofessor] Readynow He may be wrapped up with IMs, etc, but the PP are part of tier 2.
[weimar] Jester techniocally are there two l;evels of tier 3 – the groups and the joe blows who picked up 2 mil dinar when over in iraq but not part of a group?
[Jester] weimar i think that is a good way to look at that… yes
[Robertprofessor] davrr007 Yes, and that’s what some are asking this morning … a history sketch might help for understanding and convincing. Not all believe it.
[burk50] Robert so those with pp r tier 2 ? And is tier 2 done ?
[free4flight] If PP’s are a part of Tier 2 then checks should be in the mail 
[Jester] Robertprofessor i dont think anyone cared where it came from once they understood what it was..
[sananddan24] I have no problem with the tiers has been explained 50 dozen time… Can we move on rofl
[Robertprofessor] Jester Do you have information on how things are progressing with tier 2, and might that give us a sense of probable timing for us?
[Jester] Readynow we dont know excatly…
[davrr007] Robertprofessor My recollection/history is that many x’s that the excitement level has reached a high pitch to no avail, the rumors start about the Top Tiers cashing in & it’s just a matter of time b4 it gets to us…
[Robertprofessor] Jester I can see that the progress of tier 2 could not be known. That needs to be kept out of view.
[Jester] Readynow let me do better… we know that they are there we just don’t know exactly how they tie into the picture at this time… not going to post our thought because not 100% confirmed..
[Robertprofessor] davrr007 We’ve certainly heard in the past about tier 1 and 2 doing such and such … and then plop, nothing for us. Maybe there was activity all those other times. IDK
[Jester] Robertprofessor lots of news about this is getting done…
[spiritfilled] Father please bring your wisdom and peace to this room..above all may the truth prevail in all words and thoughts and the conclusion of the release be done now ..in Jesus name…
[Robertprofessor] Jester And we appreciate that you and the team do not give us guess work without any confirmation. It’s much better for us that all is vetted the way you all do it, and then you bring it in here.
[weimar] Jester although really just a way to look at it – groups will be easier for banks to deal with since we are learned and other folks will drop by and say cash me in
[Jester] weimar yes that is true.. that is the original reason it has been set up that way… to keep it orderly and for your security as well…
[Robertprofessor] weimar The things you are saying are so sensible. Ty
[weimar] Jester Robertprofessor i do actually listen to you guys
[shellbell] I definetly think the tiers are real. I’m just glad that info is coming out that this process has started… I am ready for our turn
[firemanswife] I’ve been in this for a little over three years and have heard this recycled info about these tiers cashing out now over and over… I am really beginning to wonder. It seems its the same info just different gurus… IMO
[Jester] firemanswife all along when they started understanding how it was going to work they started thinking they knew the signs of it happeneing… they reported that erroneously… signs should not have been reported as facts…
[firemanswife] Jester… I do understand that too, it’s been a long process and a lot of mis info to sort through. We all have to be responsible and know what and who to listen to and what to let go of IMO thanks for your patience with us
[Jester] firemanswife this is one of the best posts i have ever seen by a guru regarding that… [Soonerfan62] OVER THE LAST 6 MONTHS I HAVE REALIZED THAT THERE WAS A LOT MORE THAT NEEDED TO BE DONE THAT NONE OF US KNEW AT THE TIME. WHILE EVERYONE WAS LOOKING FOR IT EVERYDAY, WE, MEANING EVERYONE THAT USED TO POST KNEW THAT IT WASN’T HAPPENING BECAUSE ALL THIS WAS NEEDED. HAPPY TO SAY THAT MOST HAS NOW BEEN DONE AND I FOR ONE AND MOST OF THE REST OF THE OLD PROVIDERS NOW KNOW THAT WE CAN FINALLY GET EXCITED BECAUSE WE ARE AT THE END FINALLY.
[Jester] and he is a well respected guru and i think that was an honest post…
[vegaspete] What I was told is that tier 1a is countries, etc.. tier 1b is whales and groups like the Admiral, Cardinal groups and other groups like that. Tier 1a received vouchers.
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[greasee5] The new U.S. budget cut support for Iraq
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Falhayat.com%2FDetails%2F502296
[sananddan24] Greasee5 now that is a biggie!!!!!!!!
[greasee5] sananddan24 yes it is!!
[greasee5] Maliki Faces Tough Political Choices Ahead of Election
http://www.al-monitor.com/pulse/originals/2013/04/maliki-political-struggles-third-term.html
[greasee5] sananddan24 so is the next one i posted, read it, maybe even twice
[coorslite21] tiers make no logical sense……..when it happens it will happen everywhere at once and it will show on the CBI first without anyone calling it……….then it will be the race for all of the Gurus to claim they were the first…..
[dilmus123] coorslite21 the golden rule,,,whoever has the gold makes the rules
[coorslite21] dilmus123 ….not sure what you mean….
[dilmus123] coorslite21 the rich and powerful can make it up as they go imo
[coorslite21] dilmus123 ……alright….very true….
[sananddan24] Spiritfilled did you read flashing post this morning?
[spiritfilled] sananddan24 Yes ..pray he is on to something…IMO
[weimar] I laugh at the ‘ you guys are idiots for believing in the tiers” and the “tiers are to make all easier”
[weimar] the issue is that we are all guessing until it comes out. I do think it will be anticlimatic
[weimar] it’ll happen, people will get money, we’ll stumble around, but all will iron out
[dilmus123] weimar even us idiots
[weimar] dilmus123 esp us idiots
