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About zul

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    seconds away from nearest bank

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  1. IQD 0.0015 on Google!

    If true, 1 zero down ~ two to go.
  2. AlTaif is changing their biz activity from a company of Money Transfer to Islamic Banking. With that new devt, they are now raising their capital from 45T to 100T (dinar).
  3. Once NOC is up and running, all future explorations, development, productions, marketing and transportation will be managed by NOC. Not only will this resolves the most important part of HCL, but I can see article 140 (disputed areas) will be a thing of the past as well, now that the issues of oil for these disputed areas will no longer be much of an issue anymore.
  4. Are they actually waiting for something to coincide with the passing of the budget?
  5. The only way this is possible is if they accept IMF article 8 obligations, making their currency convertible so that their banks no longer depend on CBI for USD.
  6. Draft law of NOC is part of HCL that has been broken into 3 diff laws.
  7. 30 billions in 3 days. This is just the beginning, many interested parties are still in 'wait and see' mode. More to the near future.
  8. This is cbi foreign reserves. Rather than keep those money in their own vault without earning interest, might as well put it somewhere else and make some money doing it.
  9. Investors will not be investing based on promises or whatever is in the pipelines, it is based on guarantees. As long as Iraq is still under 'protective' transitional arrangement (Article 14), no amount of promises could give investors those guarantees.
  10. Sorry.....fat fingers. In May 2003, by Executive Order 13303, the President declared Iraq a national emergency to the US Subsequently, there were few more amendments or modifications to the scope of EO 13303, including EO 13668 ~ “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003” Which means all financial prohibitions that prohibited Iraq from conducting their own financial transactions have been lifted. However EO 13668 was never published. Instead, since 2014, the President continue to give notice on the continuation of National Emergency with Respect to the stabilization of declared in Executive Order 13303. The last notice of continuation for another year was made by President Trump in May 2017 ~ which supposed to end in May 2018. But somehow, 6 months before the expiry date, US decided to publish EO 13368. Wow!! I wonder why. This surely looks good for both Iraq and the US.

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