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chefgene23

Presidential Order 13303

12 posts in this topic

I read an article which had several expiration dates on it. One of the date was May 22, 2011 for Presidential order 13303. This the law which give American citizens the right to invest in Iraq, ie own Iraqi dinars. Has anyone else heard of this date or have seen this article?
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[quote name='chefgene23' date='13 February 2011 - 10:34 AM' timestamp='1297614899' post='381381']
I read an article which had several expiration dates on it. One of the date was May 22, 2011 for Presidential order 13303. This the law which give American citizens the right to invest in Iraq, ie own Iraqi dinars. Has anyone else heard of this date or have seen this article?
[/quote]


[b]I have heard of it and read it [/b]
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Presidential Order 13303 Expired, but was Extended

http://www.whitehouse.gov/the_press_office/Message-from-the-President-and-Notice-of-Continuation-regarding-Iraq/
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Lets make it easier for everyone to understand.
When suddenly you can't buy Dinar from anyone(banks), or including the internet(middleman), then you will know its no longer tradable at any level. And IF the Federel government were to drop a law such as that there will be procedures to sell or elliminate your currency holdings as regulated buy the Federal Government. But in my opinion this would only happen if the Iraqi government should fail altogether and the money becomes worthless overnight.
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[quote name='Silence Dogood' date='13 February 2011 - 01:14 PM' timestamp='1297620847' post='381465']
Lets make it easier for everyone to understand.
When suddenly you can't buy Dinar from anyone(banks), or including the internet(middleman), then you will know its no longer tradable at any level. And IF the Federel government were to drop a law such as that there will be procedures to sell or elliminate your currency holdings as regulated buy the Federal Government. But in my opinion this would only happen if the Iraqi government should fail altogether and the money becomes worthless overnight.
[/quote]


"Silence Dogood" Love the name.
The EO 13303 has an expiration date every May, the current seated President [b][u]MUST[/u][/b] reinstate the order every year or it becomes null and void. I have in my files somewhere, will find and post in this thread, President Obama did in fact sign this EO in May 2010.

[quote name='chefgene23' date='13 February 2011 - 11:34 AM' timestamp='1297614899' post='381381']
I read an article which had several expiration dates on it. One of the date was May 22, 2011 for Presidential order 13303. This the law which give American citizens the right to invest in Iraq, ie own Iraqi dinars. Has anyone else heard of this date or have seen this article?
[/quote]

Technically this should have been posted in "RV and Dinar Questions", just saying, not a big deal.
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Presidential Documents
27399
Federal Register
Vol. 75, No. 94
Monday, May 17, 2010
Title 3—
The President
Notice of May 12, 2010
Continuation of the National Emergency With Respect to the
Stabilization of Iraq
On May 22, 2003, by Executive Order 13303, the President declared a
national emergency protecting the Development Fund for Iraq and certain
other property in which Iraq has an interest, pursuant to the International
Emergency Economic Powers Act (50 U.S.C. 1701–1706). The President took
this action to deal with the unusual and extraordinary threat to the national
security and foreign policy of the United States posed by obstacles to the
orderly reconstruction of Iraq, the restoration and maintenance of peace
and security in the country, and the development of political, administrative,
and economic institutions in Iraq.
In Executive Order 13315 of August 28, 2003, Executive Order 13350 of
July 29, 2004, Executive Order 13364 of November 29, 2004, and Executive
Order 13438 of July 17, 2007, the President modified the scope of the
national emergency declared in Executive Order 13303 and took additional
steps in response to this national emergency.
[color="#FF0000"]Because the obstacles to the orderly reconstruction of Iraq, the restoration
and maintenance of peace and security in the country, and the development
of political, administrative, and economic institutions in Iraq continue to
pose an unusual and extraordinary threat to the national security and foreign
policy of the United States, the national emergency declared in Executive
Order 13303, as modified in scope and relied upon for additional steps
taken in Executive Orders 13315, 13350, 13364, and 13438, must continue
in effect beyond May 22, 2010. Therefore, in accordance with section 202(d)
of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for
1 year the national emergency with respect to the stabilization of Iraq.[/color]
This notice shall be published in the Federal Register and transmitted to
the Congress.

http://frwebgate.access.gpo.gov/cgi-bin/getpage.cgi?dbname=2010_register&position=all&page=27399
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dflake nice find, in all this though I was not aware that there was a time limit set on 13303? Does this mean we can lose our investment rights or opportunity? Please explain this to me someone, are we still in the game and safe at that? [img]http://dinarvets.com/forums/public/style_emoticons/default/blink.gif[/img]
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[quote name='BanG' date='14 February 2011 - 04:54 AM' timestamp='1297677279' post='382097']
dflake nice find, in all this though I was not aware that there was a time limit set on 13303? Does this mean we can lose our investment rights or opportunity? Please explain this to me someone, are we still in the game and safe at that? [img]http://dinarvets.com/forums/public/style_emoticons/default/blink.gif[/img]
[/quote]

This is how I understand it. If incorrect, someone please straighten me out also.
As long as "13303" is extended each year, we have no problems. If it is not, then I would say Iraq could void their obligations. But due to the nature of the investment, as it is spelled out in the order, you may also want to reference the additional EO's issue in relation to this, IMO the "order" [u]will[/u] be renew each year to cover the big boys investments, "oil" specifically.
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[quote name='chefgene23' date='13 February 2011 - 10:34 AM' timestamp='1297614899' post='381381']
I read an article which had several expiration dates on it. One of the date was May 22, 2011 for Presidential order 13303. This the law which give American citizens the right to invest in Iraq, ie own Iraqi dinars. Has anyone else heard of this date or have seen this article?
[/quote]
Yes...but not a concern for us as current owners of dinar. It applies to an expiring order that should be obsolete/not-required at that time. In others the cash-in should have taken place. No further approval for purchase of this foreign currency will be needed. You are not authorized to trade in foreign currencies as a US citizen without being licensed.
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It can only have a negative impact if 13303 is not renewed this year. I do not know anyone that's in IRAQ so therefore, my investment would be worthless if I do not fly over to IRAQ?
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[quote name='dinardlee' date='14 February 2011 - 12:58 PM' timestamp='1297709918' post='382573']
It can only have a negative impact if 13303 is not renewed this year. I do not know anyone that's in IRAQ so therefore, my investment would be worthless if I do not fly over to IRAQ?
[/quote]
The IQD should be tradeable in the very near future. This would automatically supercede EO13303 as the IQD would be internationally traded once the RV takes place.

RRRRRVVVVVVVV :woot: T T T T T T T T I I I I I I I I M M M M M M M E E E E E E E :woot: :woot: :woot:
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I apologize for using this for my question. I am a newbie and in the future now understands the Dinar Vet's site. Thanks, Chefgene23
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