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From another site....... Lebanon Rumor: another site – 6/26/10 JUNE 27, 2010 · POSTED IN RUMORS So I have been sitting on this intel since Tuesday…sharing it with some in the Chat room. Since there is so much discussion on the next 4 day, that these days are the RV. Well here it is. Coworker of mine called me last Tuesday afternoon. Said his Mom called him from Lebanon. She said she was at a neighbor’s house gathering the night before and there was an Iraqi Embassy Intel Guy there. Of course the Iraq discussion came up and he decided to start talking about the Dinar…no one asked him about it. He stated the info that is going around in the Embassy is that the USD will be 50% to the IDQ than to climb shortly afterwards to the IDQ be worth 70% more than the USD. He said it was going to happen soon…. (Sorry no date provided, nor was it asked) I wish she did ask. I don’t know if his intel was from a source or just gossip in the embassy….. So my guess is RV $2.00 from this intel. But it is very interesting and from an Iraqi. Tags: no tags

2010-06-27 00:21:30 WAM DUBAI, June 26th, 2010: Eyad Allawi, former Iraqi prime minister and the leader of Iraqiya alliance stressed that forming a new government in Iraq is Iraqiya's democratic right as mandated by Iraqi people. "No article in the Constitution indicates that such a bloc formed in a post-election merger will be considered the largest bloc. Such a bloc alone will not get the right to decide the formation of the government," said the leader of Iraqiya who three-and-a-half- months ago won 91 seats against incumbent prime minister Nouri Al Maliki's State of the Law's 89. Allawi also said the formation of a new government "will be delayed if other groups resort to the issue of the biggest and smallest blocs, Allawi said and reiterated that his Iraqiya coalition insists on its constitutional right and merit." The following are excerpts from Allawi's interview with Gulf News: Q: What went on during the recent Parliament meetings? A: We were not tasked with forming the government because technically there is no president. The speaker of the house will be chosen and then a president will be named; after that the new president will ask a candidate to form the new government. This is usually done through a deal among different political blocs, which is an agreement over the major responsibilities and positions. Q: Do you think establishing a government will take more time? A: This will depend on the other political blocs. No doubt the government's formation will be delayed if these groups resort to the issue of the biggest and smallest blocs. We in the Iraqiya coalition insist on our constitutional right and merit. There is no item in the constitution which indicates that a bloc formed inside the parliament and after the elections will be considered the biggest, and treated according to its size. This fact was also pointed out by the Independent Electoral Commission of Iraq when it stressed that all coalitions have to be registered before the elections, thus any new coalition not registered prior to the elections will not be considered after the elections. Moreover, the registration time ended and this issue in particular is not among the responsibilities of the former parliament. We also have video and audio recordings of the chairman of the Constitution Writing Committee stressing and clarifying that the list that wins the elections gets to form the government. This is our democratic right. The other blocs and coalitions have to be convinced that democracy cannot be explained in different forms, and is not interpreted haphazardly. The oldest parliament member will be the new house speaker, but he does not get to decide about any issue. So, how quickly the government will be formed depends in part on the understanding reached by different blocs. The other part is the effectiveness of foreign influence in setting up a new government. This is a very important element and we are completely with the Iraqi will and decision, which is based on the constitution. We all have to work jointly to form a government, one which makes decisions based upon partnership, trust and a basic common programme. This government has to be more than just a mere national partnership government, because the Iraqi people are in dire need of clear decisions and solutions on all security, economy, services and foreign policy levels. Q: How will you be able to achieve your programmes, visions and aspirations for Iraq through a national partnership government? A: We shall achieve all that because Iraqis chose us for our national programme. There are political blocs that changed their mottos into new and more national lines that are very close to our lines. The only difference is that our national programme is more detailed. Hence, there will be details that have to be agreed upon between us and the other blocs. However, the problem lies in the ego of who will be the next president, prime minister or speaker of the house, whereas an initial agreement over the country's important issues must be the priority now. Questions about the sectarian quota, national reconciliation, amending of the political process and other issues have to be on the top of everyone's list of priorities. However, this is not happening as the political office of prime minister is the focus of rivalry, while in my belief the issue can easily be resolved in accordance with the Iraqi constitution. When our brothers in the National Coalition won in the 2005-2006 elections, we did not form another bloc. On the contrary, we congratulated them. I did not want to be a part of the 2006 government because it was formed on sectarian quota basis which is against my beliefs. I do believe that the situation changed and our brothers in the Dawa party gave the name (State of Law) to their list and the Iraqi coalition changed into the Iraqi national coalition. Hence it is important and essential to conduct a dialogue and to discuss a national programme. After that the roles may be distributed. I also believe that the cornerstone has to be placed now so that there is no chance for political quotas and for us to set the foundations for the coming elections. We have to consider the sectarian quota era as something of the past that will not re-emerge. Today we have to deepen democracy roots, respect the election results and form a national government that will carry Iraq to another and better level. Q: Why are the members of your coalition being targeted? Do you blame anyone in particular? A: I had expected that from the very beginning, and I do expect more to happen in the way of targeting our coalition members. There is a real struggle between fundamentalists and forces of moderation throughout the Middle East. Moreover, Iraq has become an arena for different struggling powers because of Iraq's important strategic location. Q: You mentioned through different media outlets that the war against sectarianism is going to be both difficult and tough; you also mentioned that you have people in prisons. Who are those people and on what charges were they arrested? A: My proof lies in the assassinations and the continuous attempts made on the lives of our coalition members and activists, as well as those martyred because of their support of Iraqiya. And yes, there are those who have been arrested in our list. Q: Do you feel Iraq is passing through the same phase of lack of transparency, which was evident in Iraq prior to 2003. I mean the secret prisons, illegal arrests and other practices that throw up many questions related to the seriousness of the transformation into a law-abiding country, which is established on transparency and democracy? A: US newspapers revealed the existence of secret prisons in Iraq and the government promised to investigate the issue. However, the investigation was not conducted by the government and did not take place. The whole issue represents a huge problem which has also led to the loss of faith in this government by Iraqis. People do not trust this government with the security issue. The number of Iraqi martyrs and wounded reached 7,000 since the beginning of 2010. This is a horrifying number by any measure. Q: Dr Allawi, are you confident of your list's support? Will your list remain intact and until when? A: The Iraqiya is the tool for a national project. It is the Iraqiya which adopted the national project to protect Iraq from political and sectarian quotas, and abides by and advocates the principles of national reconciliation through its minute details that will lead to building of Iraq and its different establishments in a professional and able manner, all of which will revolve around an independent judicial system and Iraq's absolute sovereignty. The interference in Iraq's internal issues is clear and in our opinion it has to stop immediately. I don't believe Iraqis have aggressive intentions against anyone, and they will not allow anyone to use their land as a base against any country around the globe. Similarly, Iraqis reject any interference in their affairs. Moreover, if it were not for the delicate and feeble situation witnessed in Iraq today, none of the interferences of different forces would have happened. WAM/MMYS http://www.wam.ae/se...d=1135099399852

It all depends on your situation...how many you have and what it rv's at. If you have about 3,000,000 and it comes out at $3.00 plus...I would dump it fast. If it comes out at one cent...I'd hang on like hair on a bisquit.........20 to 50 cents...I'd dump a little and take a bit of profit. We are all a bit greedy but YOU are YOU. If you have 20,000,000 dinar and it comes out at $3.86. Call me as I'm willing to be adopted.

Best to looik at the CBI policies and the IMF....this focus on the politicians is a mis-direction...the dinar has appreciated 40 percent without these clowns....its appreciation is based on economics.....not who is the PM....Much like our world....the Federal reserve could care less who is President.... when the Fed president speaks to Congress... most of those Jokers can't ask an intelligent question.....

hi every one Dinar can be Revalue at 3+ must see see that link and enjoy

Can you prove that the gov is formed already? You smell like a combination of bs and sour grapes. You are a tool.

Do not be concerned by this. I trade currency for a living. A country's currency is not just "in country". It is recognized worldwide. Our dollar works the same in England as it does here. It is simply converted. While I certainly respect the opinion of someone who has been on the ground in Iraq, it is my opinion that they do not know how all of this works. I am 100% certain of what I have told you here.

In a Chicago Hospital , a gentleman had made several attempts to get into the men's restroom, but it had always been occupied. A nurse noticed his predicament. Sir, she said "You may use the ladies room if you promise not to touch any of the buttons on the wall." He did what he needed to, and as he sat there he noticed the buttons he had promised not to touch. Each button was identified by letters: WW , WA , PP20 and a red one labeled ATR. Who would know if he touched them? He couldn't resist.. He pushed WW. Warm water was sprayed gently upon his bottom. What a nice feeling, he thought. Men's restrooms don't have nice things like this. Anticipating greater pleasure, he pushed the WA button. Warm air replaced the warm water, gently drying his underside. When this stopped, he pushed the PP button. A large powder puff caressed his bottom adding a fragile scent of spring flower to this unbelievable pleasure. The ladies restroom was more than a restroom, it is tender loving pleasure. When the powder puff completed its pleasure, he couldn't wait to push the ATR button which he knew would be supreme ecstasy. Next thing he knew he opened his eyes, he was in a hospital bed, and a nurse was staring down at him. "What happened?" he exclaimed.. "The last thing I remember was pushing the ATR button." "The button ATR is an Automatic Tampon Remover. Your penis is under your pillow." MEN NEVER LISTEN

I'm sending a telegram to ChiefV............ChiefV: This is your official notice that on Wednesday you can leave the sandbox to go to Montana Island but first you must do one thing.......on Sunday evening your mission...should you choose to accept it...is to find Mr. Maliki and take him on an extremely long camel ride. No...of course you don't have to bring him back. In fact if his camel were to have a heart attack there are 1,000,000 dinars in it for you. Upon your return...you may complete those resignation papers...toss back a cold one and head to the airport. Everyone at dinarvets wishes you well. Thank you for your service.

Just start shoppin for your new truck, but get a 350 not a 250 you will be happier in the long run

So much for TK rumor number 41398....It's tomorrow and no RV. This guy is something else. If I was a psyche student and I was studying pathological disorders I would choose this guy. My question is how does someone continue to put in public the rumors he does and then without shame or explanation continue to do so when it never comes true. Plus invariably he will take on his detractors and defend his failures and does so with absolute conviction. He defends himself and...........his honor. As if he had any left. Even more curious are his compatriots who continue to reference these same rumors while expressing their own rumors. You can see it in the chat logs. "Seems like TK had some intel on that." Hah...What does that mean since TK hasn't hit one right yet. Why after so many obviously wrong predictions would those around him continue on and they too have no explanation when that next prediction is wrong? I'll let you come to your own conclusions to that question. Pick one.. There can be many. TK is not Possum. Possum is another animal. Possum makes us smile and he does so with that tongue and cheek approach that is OK with me and apparently many others. When people get testy with him he just rolls on with the Possum Express. At the very least he is a gentleman who has invited us all for BBQ. Can't beat that with a stick now can we? Possum is harmless IMO. A funny guy who has had me smiling more than once. TK thinks he's a guru. That ain't the same. TK is just what he is. Pathological. Oh!!! He is just plain wrong too. Every time......So far. Just for fun what do you think his next prediction will be. When will it be. Will he explain why the last many many many predictions didn't pan out or will he continue with the next prediction. To be honest I quit harboring any ill will towards the guy. May not seem like it but that's true. After so many wrong predictions my friends who used to listen to him and believe him finally figured it out and turned him off like you would a TV. Once that happened I let my feelings for this guy's BS go. Now I am only curious what makes him tick. Kind of curious what y'all think as well.

What I know is that the RV better happen soon. As we can now see what happens to some of us when we spend our time waiting in here... It is addicting tho isnt it?

Do you guys think it will RV on June 30th? Man I really hope so. I am so ready to quit my job LOL.. I haul chicken Sludge and it sinks so bad LOL And I work all of the time. Going into work in a few mins UGH!!!!!!!. Anyways I just really hope it does hit this time. And the date does not pass us like it has before. God bless to you all and have a wonderful day. GOOOOOOOOOOOOOOORVVVVVVVVVVVVVVVV

I do alot of recreational shooting and I always keep a roll of toilet paper in my shooting bag as standard equipment. After using the last of a roll I stopped at one of those country convenience stores and purchased a single, individually wrapped roll of Scottissue for .99 cents. The wrapper stated that there was 1000 sheets on the roll and so I was thinking that it sounded reasonable to pay a dollar for a thousand sheets of this highly valuable commodity ( I bet that one would pay considerably more than that if you needed it and didn't have it...lol) and after some critical thinking skills were diligently applied to the situation it hit me that I actually paid more for toilet paper than I did for Dinars. That is right, a Dollar will get you a thousand sheets of toilet paper but it will get you 1170 Dinars. Doink! Let that sink in for a moment...tic....toc............ok, that's enough time. Do you think that the Iraqi Dinar will stay on par with bathroom tissue...really? Consider what it is is that will give the Dinar it's REAL value and the increasing demand for it worldwide. HINT #1: Free samples are washing up on the beaches of the Gulf of Mexico HINT#2: It does not mix with water You get the point.There are a thousand reasons to invest in this currency so rest your sphincters and enjoy the ride! If this RV never occurs then what you can do is wipe with Dinars and save on toilet paper!! Now there is WISDOM...

Who do you think you are? You are a real piece of work. I don't know where you came from but GO Back to the other forums you were kicked off . I will be here a lot longer then your crappy attitude.

Hey everybody...we all have a song to sing so to speak and we don't want to die with the music in us. If it does NOT happen for some reason...don't panic. I suggest you sit back and ask yourself what YOUR dream is...and at whatever age or position in life...begin working toward it. You CAN do it. As much as I know times have been tough for everyone...99% of us have a great deal to be thankful for. Even that lousy job we hate so much. Don't be afraid to think outside the box. As many of you know...I have given some dinars away in 5,000 or 10,000 increments to some that need hope. It costs me very little. You can't believe how it has fed MY soul. I've heard people say they won't tell anyone about dinars....I happen to think it is greedy not to. Hey...someone told YOU. If the whole world would get off their greedy butts and SHARE a little...life would be alot better for everyone. My father taught me that if everyone does a little bit...no one has to do alot. It is absolutely true. By the way...start writing that 2nd chapter of your life today. There is an audio book out called "Three Feet From Gold" by Greg Reid (about $25) It's several hours and is fabulous to listen to. Great for a trucker...and you will have a new way of thinking when you listen to it.........It's NOT about dinars...it's about YOU. YOU can change your life.......with or without an rv. Good luck! POURITFORWARD ps...I'd be curious to hear what you think about the audio book if you get it. It's also a dynamite graduation gift.

Papajack Post: 6/26/10 June 26, 2010 · Posted in CHATS / POSTS I was just told from one of my sources that the IMF will not release the RI/RV while Maliki is still in power, let’s hope the rumors about Allawi being sworn in Monday are true.

love to rv on 2.00 dollers

Thanks Ron! (Although I could never get up to your level!) God Bless!!

Thanks Rich for this great (+) bit of RUMOR/News...! You're the man of the hour (for 15 minutes of fame ) 5 Star rating also...! Blessings, RON

I would much rather be a 'smart ass' than a 'dumb ass'.

Wow. You sure have some real anger towards me. I'm not sure why and I don't really care but I can assure you that I do not care to have nor intend to have a war with you in any way. I am here to learn and share about the RV just like I assume the majority of people here. If I see an article or post that I think may be worth passing along I do as my way of contributing back to the forum. The post you so harshly attacked above is one that I saw on another site and posted which as you will see I gave full credit for. It is neither my opinion nor my belief I just thought since it was a rumor and this is the Dinar Rumor forum it would be nice to share it with the other forum members. As far as me attacking your first post, I did not attack your first post at all. Here is the link to your first post: As you can see from the thread in your first post you yelled the entire post and came across like you were mocking everyone on these forums for believing in the dinar. As you can see, I did not respond to that post. I will admit my impression of you was a total basher and that's why I asked you why you were here which I thought was a valid question. A lot of your posts like the one above I don't find very nice. To each his own, but from now on leave me out of your little 'windmill battles.'

That was priceless..Oh gee I just remembered I was adopted too!!! LOL Alice, here in wonderland

I just love this forum. You all must have had a great time in the years prior. I have to say I admire you guys for not dropping profanities and such while doing your mild bashings...lol. Anyways this forum will go away soon, you all will be busy on your world cruise or polishing your Jags and F350's.

You need to do a serious word study on Matthew 7:1-2 . The Albert Barnes Commentary says: Judge not, etc. This command refers to rash, censorious, and unjust judgment. See Ro 2:1. Lu 6:37 explains it in the sense of condemning. Christ does not condemn judging as a magistrate, for that, when according to justice, is lawful and necessary. Nor does he condemn our forming an opinion of the conduct of others, for it is impossible not to form an opinion of conduct that we know to be evil. But what he refers to is a habit of forming a judgment hastily, harshly, and without an allowance for every palliating circumstance, and of expressing such an opinion harshly and unnecessarily when formed. It rather refers to private judgment than judicial, and perhaps primarily to the habits of the scribes and Pharisees. ... we are not to be ignorant of evil conduct ... that is covered in Proverbs under "fools" According to reports, al-Maliki might have set a new low for the term dissoluteness And you might want to consider getting out of the KJV ... I doubt seriously that you speak Elizabethan English ... after all, when was the last time you used the word "durst" in conversation? Peace my sister Doc31 Still chuckling AutoMag!

DAMN IT MAN Madman Sneakin Out

i recently bought some dong. i accidentally left it in my pant pocket and ran it through the washer and dryer. now my dong has shrinkage...

Pray for Iraq- these beautiful people need a chance. This is a litmus test to their democracy. Can they do it are not. Yes, they've been slow.... but remember this is new to them. They are just trying to get it done right the first time. Sure there will be adjustments along the way. But what a landmark , historical moment for Iraq. All Iraq and those who have fought for freedom, and those who have invested in their future will have reason to rejoice.

Your forgetting one thing............. well maybe two...... dinar is not absorbant and it chaffs the shiite out of your bung hole then it's preperation H time............. so in recap...............it's not the value you think it is............not to mention if it Rv's while your wipeing.........well picture the scene......................................

CURRENCIESCURRENCY CONVERTOR 1 USD = 1166 IQD US Dollars Iraq Dinar 1 USD = 1166 IQD 1 IQD = 0.001 USD http://www.arabianbusiness.com/financial-markets/currencies/list?amount=1&frmCurr=0&toCurr=120&listview=1 I just thought this was werid. I thought it was 1IQD = .00086

Woody posted a thread here on DV entitled Iraqiya: There are many expectations about Allawi's and al-Maliki's meeting It started me thinking ... and then I began to respond ... I'm gonna' take a stab at this and say that I'm pretty sure that they have no clue about our expectations nor do they care about us or their people ... or they would have ironed this out a few months back!!!!! However, if they had ... I wouldn't have as many IQD as I do now. Our little group continues to buy every week at least once, sometimes twice, and three times once ... and we have for something like nine months now. Everyone of those 25K notes multiplied times whatever it comes to be worth represents a nice week's work even at $.10 (which I do NOT believe) ... and if you are willing to dream on the far end ($3.86 ... no bashing here, I said dream) you are up to a nice year's salary ... So, I will be content, because ... as you can see I have implemented a plan to penalize them for their tardiness which is ... the longer it takes them ... the more it costs them! Yes, I know they won't even notice ... but it DOES give ME solace ... being pro-active while I do the thing I am so pitifully adept at ... waiting! Peace Doc31 PS ... and yes, I am aware that I have revealed a little of my "mean streak" ... kind of like the Fram guy, "pay me now ... or pay me (bigger implied) later"

TerryK Chat: 6-27-2010 posted on CC Post: by InfoGuru-zzz . Just out of the chat room: [terryk] ok all [cessie] dinarforever Why? Read articles and see that there are only 2 steps left to an rv. [terryk] can i have the floor [terryk] I HAVE JUST CONFIRMED THAT ALI WILL BE HERE TUESDAY NIGHT [terryk] SPECIAL CONFERENCE CALL IN [terryk] THERE WILL NOT BE A CALL TONIGHT [terryk] IM CANCEL THE CALL TONIGHT [terryk] Call # deleted [terryk] IS THE NEW CALL IN [terryk] FOR TUESDAY [terryk] NOW I WANT YOU ALL TO HEAR THIS [terryk] THE COMMENT THAT WAS MADE TO ME WAS THIS [terryk] THIS IS THE PERFECT TIME TO TALK TO THE PEOPLE [sonicamp] TK at what time [terryk] 10 EST [terryk] ALI WILL BE ON FOR AN HOUR OR SO [terryk] MAYBE LONGER [terryk] KEEP THE QUESTIONS TO HOW BUSINESS WILL BE DONE [terryk] WHAT HE IS OFFERING [terryk] NOT RATE AND DATE [terryk] OK [terryk] Conf. Call # deleted [terryk] IS THE NEW CALL IN [terryk] FOR TUESDAY [terryk] NOW I WANT YOU ALL TO HEAR THIS [terryk] THE COMMENT THAT WAS MADE TO ME WAS THIS [terryk] THIS IS THE PERFECT TIME TO TALK TO THE PEOPLE [terryk] WITH ALI TERRY GANKANS AND ENORESSTE [mybreadcrumbs] so we still get special treatment when we call ali for appointment [terryk] GET WITH ALI [terryk] I INVITED HIM BUT WE HAVE TALKED ABOUT THIS IN THE PAST [terryk] WHEN IT WAS RIGHT TO COME ON [terryk] ALI SAID IT (the Time) WAS RIGHT <-------------------- RV Timing??? [terryk] TO BE HERE [terryk] AND WANTED TO THANK ALL OF YOU AS WELL FOR BUYING FROM HIM [dinarforever] Elvis hmm i am sure Ali knows something [terryk] THATS WHY HE WANTS TO DISCUSS CASHING IN <------------- RV timing??? [terryk] GET IT [terryk] CASHING IN *************************^^^^ Personal CC Info Deleted ***************************** [shanny] [terryk] later all [terryk] keep the faith

Iraqi president arrives in Tripoli to attend five-party Arab summit 28.06.2010 00:22 Iraqi President Jalal Talabani arrived at capital of Libya Tripoli on Sunday evening to participate in the five-party Arab summit slated on Monday, official Jana news agency reported. Libyan leader Muammar Gaddafi welcomed President Talabani in front of his residence, which was subject to the U.S. bombing raids in 1986, said the report. President Talabani said "We are honored once again to visit Libya, and we saw the American brutal colonial aggression.", Xinhua reported. The Iraqi president was accompanied by his Foreign Minister Hoshyar Zebari, Interior Minister Jawad Bolani and his senior advisers. Talabani will participate in the summit on Monday along with Libyan leader Gaddafi, Egyptian President Hosni Mubarak, Yemeni President Ali Abdullah Saleh and Qatar's Emir Sheikh Hamad bin Khalifa Al Thani. The summit will discuss the cooperation of Arab countries in the light of the Yemeni initiative to form the Arab Union and suggestions proposed by Gaddafi. http://www.newsnow.c...ddle+East/Iraq/

Talk about lightening fast! You got that one up in record speed. Thanks for posting it.

Thanks Ron! DD doesn't even have this yet! lol

Pumpers have never affected me in any way. Here's why ...

It sounds to me like if you are that concerned...you need your $$$ back. If so...sell all or part now. EVERYONE (including me) has said if you can't afford to lose it...don't buy it.....The advice by DinarDiva is good...research and make your own decision. I assume you are over 18 years old...be an adult and research it. It is always odd to me when someone will go out to buy a car that costs $30,000 and they won't buy a $12 book on HOW to buy a car before doing it and what the risks are. It would save them a 100 times what the book cost. It's called education. Until the rv happens...I doubt GOD knows what is going to happen as apparently when it comes to common sense...Iraq is at the bottom of his LIST. Go rvvvvv

It costs bazillions of dollars to print new money - that is simply not going to happen. The money they need (smaller denoms) is already printed. If Iraq makes all currency outside of Iraq worthless then they will be responsible for the largest scam in history AND this will certainly make it more difficult to get all the investors they need to come in and rebuild their country now. I know Iraq does not care one lick about us, BUT they DO need investors, companies, countries - and individuals - to invest in rebuilding their country. They sold the IQDs because they needed the money. They essentially sold stock in their country and will honor paying that back in some capacity otherwise the negative repercussions would be so far reaching and not worth it to them. They are not stupid. Peace.

Does kinda bite the big one. Although it was for a lot less. Maybe they are going for a partial auction and will partially RV. Yea right. Lets hope Z is Wrong... Although I thought the 30th was a bigger date anyway. If PM is tomorrow Then RV could still be on Wed. Maybe they were just getting one more in. Kingfish

World Bank asked to boost inter-Arab investment Email Comment PDFShare Shareclose x Delicious Digg reddit Facebook StumbleUpon TwitterMy Space Newsvine Technorati LinkedIn Yahoo! Buzz Mixx Print with Text Size Emirates Business 24-7, 27 June 2010 Arab countries have sought help from the World Bank to increase capital flow among them as part of accelerating post-crisis reforms designed to stimulate their economies, according to their main financial establishment. The Abu Dhabi-based Arab Monetary FundArab Monetary Fund (AMFAMF) said it was working with the Washington-based World Bank on a mechanism to promote inter-Arab investmentinter-Arab investmentInter-Arab Investment Guarantee Corporation IAIGC Kuwait | Financial Services News | Profile | Officers , buoyed by a steady rise in regional capital flow over the past few years despite the 2008 global fiscal distress. The mechanism involves the preparation of periodical reports on economic data and investment projects in Arab nations with the aim of identifying business opportunities and giving investors better access to regional markets. "These reports are part of an overall project being carried out by the AMFAMF and the World Bank... it includes the creation of a regional mechanism for the settlement of balance of payments in the Arab countries with the aim of providing comprehensive information on inter-Arab capital and encouraging the movement of capital, goods and other exchanges within the region," AMFAMF Chairman Jassim Al Manai said in a statement published by the AMFAMF website. The AMFAMF, a regional IMF-style institution run by the Cairo-based Arab League, said the scheme was discussed again at the recent conference on Arab capital inflow held in Abu Dhabi by the AMFAMF and the World Bank. Manai noted that there has been a steady rise in inter-Arab investmentinter-Arab investmentInter-Arab Investment Guarantee Corporation IAIGC Kuwait | Financial Services News | Profile | Officers but added the flow could accelerate after those arrangements are enforced. "The remarkable thing in the capital flow into the Arab countries over the past years is that there has been a steady rise in inter-Arab investmentinter-Arab investmentInter-Arab Investment Guarantee Corporation IAIGC Kuwait | Financial Services News | Profile | Officers ," Mana said. "Some Arab countries recorded an increase in capital inflow even after the global crisis and the main reason for this was the big increase in regional investment." In a recent study, another key Arab League organisation said the pick-up in regional investment was because many Arab investors were forced by the crisis to shun global markets and turn to home countries. "Another key factor was the improvement in investment laws and a push by most Arab countries to attract capital given their importance in economic growth in the absence of other major financial sources in some regional nations," said the Kuwait-based Inter-Arab Investment Guarantee CorporationInter-Arab Investment Guarantee Corporation (IAIGCIAIGC). It said the investment climate and infrastructure in most Arab countries had largely improved over the past few years, but added more work needs to be done. The report showed the bulk of the increase in foreign direct investment (FDI) flow into the region in 2008 was in inter-Arab investments, which leaped by nearly 64 per cent. The growth in capital inflow boosted the share of Arab states in global FDI to 5.3 per cent in 2008 from 3.9 per cent in 2007 and only 0.4 per cent in 2000. The sharp rise in inter-Arab investments was the main factor in the FDI growth in the region, as they jumped to $34 billion (Dh125bn) in 2008 from about $21bn in 2007. "Gulf countries have remained the main source of inter-Arab investments, while new players emerged on the arena in 2008, including Egypt and Lebanon," IAIGCIAIGC said. "Between 1995 and 2008, Saudi Arabia, Sudan and Lebanon were the largest beneficiaries of inter-Arab investments as they attracted $95bn, nearly 70 per cent of the total inter-Arab FDI of $135bn." A breakdown showed Saudi Arabia, the world's largest oil exporter, topped the list of Arab FDI recipients in 2008, with about $29.6bn. The UAE was the second largest beneficiary, receiving nearly $13.7bn. Arab states have often been urged to reform their financial and investment laws to attract capital needed to stimulate their economies and reverse a steady capital flight from the region. The calls gained momentum after the global crisis, which has inflicted heavy losses on many Arab investors. Despite the relative improvement in the investment environment in the region, inter-Arab capital flow has remained a fraction of the total Arab investments abroad. Between 1995 and 2008, the cumulative inter-Arab investmentinter-Arab investmentInter-Arab Investment Guarantee Corporation IAIGC Kuwait | Financial Services News | Profile | Officers totalled just over $100bn, less than five per cent of the overseas Arab assets IAIGCIAIGC's figures showed the crisis depressed FDI into the Arab region in 2009 for the first time in many years despite a surge of more than 26 per cent in 2008. It showed FDI pumped into 17 Arab nations that have provided data soared by 26.9 per cent to around $89.2bn in 2008 from nearly $70.3bn in 2007. FDI flow was much higher in 2008 despite a sharp slowdown in the second half of the year and it followed several years of steady growth in capital flow into many Arab countries because of high oil prices, a surge in regional projects and improvement in investment laws. "As for 2009, FDI flow into the Arab region was expected to have declined due to several factors, including the slowdown or contraction in the economies of industrial nations, which have constituted a major source of foreign direct investment for Arab states over the past few years," IAIGCIAIGC said. "Another factor was the continuation of turbulence in most Arab and global markets as such instability contributed to increasing uncertainty regarding investment decisions in the medium and long terms and to shelving of more projects in the region in infrastructure, hydrocarbon, and real estate sectors." Addressing the conference in Abu Dhabi, a World Bank official urged Arab governments to push ahead with reforms to encourage regional capital flow. Mansoor Dailami, Finance Director at the World Bank, said regional nations should take advantage of a recovery in their economies, referring to recent forecasts by the IMF and the World Bank that real GDP in the Middle East and North Africa could be around four per cent this year and 4.1 per cent in 2011. "Increasing economic co-operation and investment flow among the Arab countries will support their economies and enable them to withstand the repercussions of fresh turmoil in the global markets," he said. In recent comments, IAIGCIAIGC Director Fahd bin Rashid Al Ibrahim urged Arab nations to pursue economic reforms to lure in investments, saying existing laws are still not attractive enough to foreign capital. "There are too many obstacles for foreign investment and inter-Arab investmentinter-Arab investmentInter-Arab Investment Guarantee Corporation IAIGC Kuwait | Financial Services News | Profile | Officers in the region... they include the absence of a unified law to regulate investment in member states and failure of some governments to comply with the agreements they sign with the investors," he said. "The obstacles also involve the disparity and deficiencies in legislations governing business, mainly the labour law and investment protection rules, as well as the absence of an effective judicial system to settle any trade or business issue... of course, these obstacles vary from one country to another but their presence is largely obstructing capital flow into the Arab World." FDI recipients 2007 2008 KSA 24.31 29.62 UAE 13.25 13.70 Algeria 2.038 12.55 Egypt 11.57 9.49 Sudan 3.64 6.35 Morocco 4.63 3.48 Lebanon 3.48 3.19 Tunisia 2.07 3.12 Libya 0.72 2.76 Syria 0.89 1.18 Bahrain 0.66 0.67 Iraq 0.44 0.51 (Dollar billions) Source IAIGC By Nadim Kawach © Emirates Business 24/7 2010 x DISCLAIMER Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. 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Read the full Member Agreement http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer Access to this article is subject to specific terms and conditions. Read Disclaimer. http://www.zawya.com/story.cfm/sidZAWYA20100627042841/World%20Bank%20asked%20to%20boost%20inter-Arab%20investment

Great Information thx Bum

i love that post

TerryK Chat Info 6/25/2010 @ 1300 CDT - another site Post: by InfoGuru - zzz I GOT SOME NEWS [terryk] A COUPLE OF HOURS AGO [terryk] THE INFO THAT I POSTED YESTERDAY (see Orig Post Below) IS AS REAL AS IT GETS [terryk] IN FACT WHAT I GOT TWO HOURS AGO BACKED IT UP [terryk] FROM MY WASHINGTON SOURCE [terryk] HAD NOT HEARD FROM IN MONTHS [terryk] HE IS SAYING I DONT KNOW WHERE YOU GET YOUR STUFF THESE DAYS [terryk] BUT THE INFO YOU PUT OUT IS DEAD ON [terryk] 26 TH IS VERY HOT [terryk] NOT TO GO PAST THE 30TH FROM S [terryk] NOW [terryk] WITH THAT SAID IT DOESNT MEAN SOMETHING COULD HAPPEN [terryk] THATS WHATS IN THE PLANS RIGHT NOT [terryk] NOW [terryk] KEEP IN MIND IF SOMEONE BREAKS WIND THE WRONG WAY THERE [terryk] **** HAPPENS [terryk] NO PUN INTENDED [terryk] THATS IT [terryk] THATS ALL I GOT [terryk] THANKS ZIG [duh_village_idiot] just to let yall know, the guys in iraq are still saying the 26th [terryk] here is the deal [terryk] if they dont like the info given in this room [terryk] they can go pay for bad info from the others [terryk] this is a free room --<Original Post>-- TerryK Update 6/24/2010 Early AM Post: by InfoGuru - zzz Parliament met today and we are told that the HCL went into law so that piece is done..they also refer to Allawi as their PM and that is also being reported in the papers and on the streets. There is rumor that the budget was read which we are trying to confirm. Monday they will officially announce Allawi as the PM, release the budget and the RV will be announced and made official on the 30th of June at the UN meeting. Either Monday or the 30th Ch 7 will be lifted. Rate still to be $3.22 to 3.86

Ron, None of us are perfect. Few have the courage to admit their errors. Your correction is a testament to your integrity. I'm glad that you're a part of the Dinarvet family. Tom

I LOVE LOVE LOVE this chat THANKYOU for posting!!!! Now..something to consider: and I saw mention of it earlier . We MUST Pray for the Iraqi people. This RV will not just help us fulfill our goals but it will give them an almost undreamd of chance to thrive normally in a democracy. Yes there will be a learning curve for them but it's going to happen. Once this RV's they will need our demonstration of democracy to guide them. We also need to thank every soldier from every nation that has contributed to this effort of freeing Iraq and allowing them to form a democracy. We have invested in their future...that investment wil be a blessing to them and then, like clockwork to us ...Let's keep the ball rolling! Remember to pray and be thankful for this incredible opportunity. Blessings , Alice

Hi Texxas777, I'm of the opinion that it will happen by the 30th of June, for a number of reasons. I've held to an initial RV/RI rate of $2.65 since December, but based on recent revelations and projections I'm hoping for $3.43 or greater. All things being equal, I realize we are dealing with Iraq - where anything can happen - positive or negative. Sonny's 26 July date - as I recall - was that it will happen by that date, but would probably occur sooner. He has much more experience than I do - and I can easily live with a NLT date of 26 July....JMO...! I hope this helps - have a great weekend & be Blessed, RON

It's a marathon investment, there will be critics who say we are crazy for trying, there will be critics thinking we won't finish, and there will be critics waiting to say they told us so. Thankfully, it is not up to the critics in life to shape our decisions and give our life direction. A lot of negativity coming out on this investment right now, it makes sense that the closer the day comes, the more of these people will come crawling and oozing out of the woodwork. There is some law of nature that attracts haters when they sense that something positive is going down, they are moved to put a damper on the high energy and feed off of doing just that. Having said that there is also the other side of the coin, the closer it gets the more experts and gurus will be coming out and making their grand predictions of impending dates and huge rates, just hoping that they are the ones to pin the tail on the donkey and end up with eternal immortality among the Dinar family. During a marathon there is the infamous wall, it threatens to shut your body down and end the quest to finish. If you make the mental adjustments and power through it, running becomes manageable again and success is an option. Once the finish line is in site then sheer momentum and adrenalin will carry you through to the end. I believe that the finish line is indeed near, and if we take it one stride at a time and avoid surrendering to the obstacles along the way, it will be a sweet finish. Have some faith and confidence and visualize a positive outcome, I will be doing just that until crossing the finish line. We all have the ability to make it, now do we have the desire? If the desire is there, hang tough and keep focused until getting across the line. May the Lord have mercy on our souls, and give us faith and the strength to continue this journey to the end.

GREATTTTTTTTTTTTTTTTTTTTTTTTTTTT i love it. Go RV love Rv

You guy's can read all the stuff that they put out on a daily basis which is all drivel!!! Iraq is not in control of this RV. The countries that have been bailing them out for years are running the show behind the scenes like US, Britain, France, China, Germany etc. They will not allow this charade to continue when all our economies are in such a mess but one simple revaluation of the IQD will pull the rest of the world out of recession....................... This will happen and it will happen fast when it does because the markets are crying out for it to happen and most importantly IRAQ owe us!!!!!

the change is an entire currency swap and that wont take place till they go to the "Gulf Dinar" with the GCC group the translation word "RAISE" shows up in these articles for our word 'conclude',the Iraq currency has to be globally recognized this summer, Allawi is personally couriering paperwork from the USA to the UN headquarters as we speak the Kurds seem to have gotten the article 140 completed in their favor, Chinese are returning to the oilfields,...the RV of the Dong will likely happen simultaneously to avoid a "double Dip" as it were,.......the "Hydrocarbon law" has been completed awaiting implementation protocol and procedure,........the civil unrest seems to have been quelled swiftly, (a promise made perhaps?),,,,,,,,,,,,Maliki is out of it and will be on the run soon or in jail, I can feel it coming