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    Yea right, Like I'm telling you.... LOL
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    Nutbush City Limits
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    Playing the Craps Tables in Vegas, Vegas Strippers, Tattoos, Partying like a Rock Star & The Rune
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  1. Not sure what the date is on this but I find it interesting........... The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: 1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:
  2. Iraq to issue more debt this year http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100312/BUSINESS/703119935/1005 Tom Arnold * Last Updated: March 11. 2010 10:01PM UAE / March 11. 2010 6:01PM GMT Iraq has told the IMF that it plans to issue a new round of government debt this year to plug its budget deficit and establish a benchmark interest rate. “As our financing needs in 2010 will still be substantial, we will step up our efforts to mobilise domestic financing through the treasury bill market,” the central bank governor Sinan al Shabibi, and the finance minister Bayan Jabr, told the IMF as part of its application for a US$3.6 billion (Dh13.22bn) lending programme. “To that end, we will conduct regular auctions and refrain from cancellations, while allowing interest rates to be determined by the market.” Iraq’s banking sector remains undeveloped after the second Gulf War and continuing sectarian violence, and there is no market for trading government debt. The central bank unilaterally sets rates on the only debt it does issue, the short-term securities that are bought by banks. In a bid to develop its financial sector, the government told the IMF it also wants to develop foreign exchange markets, including an interbank foreign exchange market. The government said it would not return to a budget surplus until 2012. Its budget for this year had been based on an average oil price of $62.50 a barrel. Mr al Shabibi and Mr Jabr warned that unless oil prices increased markedly, the government would be forced to constrain spending this year and next year while the country’s developmental and security needs remained high. “A fiscal contraction would hurt the economy and undermine our hard-won macroeconomic stability, and could also contribute to a deterioration of the security situation,” they wrote. They said the country planned to introduce a sales tax as a precursor to a value-added tax. Iraq’s GDP growth slowed to 4 per cent last year from almost 10 per cent the year before, they said. GDP would rise by almost 7 per cent this year and between 7.5 and 8 per cent next year and in 2012, they said. Supporting economic growth would be an increase in oil output to 3.1 million barrels per day (bpd) in two years, from about 2.5 million bpd now, the officials said in the letter, which was submitted to the IMF on February 8 and released yesterday.
  3. Iraq to modernize public financial management Posted by Gamal Ragay Thursday, 11 March 2010 13:28 iraq_central_bank_iraqi_Currency Over the next two years, Iraq intends to transform and modernize its public financial management (PFM) system. Late last year, in consultation with the IMF and the World Bank, Iraq has adopted a three-year action plan that identified priority measures in the areas of budget preparation, execution and reporting; cash management; public procurement; and the accounting framework. Specifically: - To improve budget preparation, Iraq will clearly define priorities, set ceilings in the budget circular for current and investment spending in line with a sustainable medium-term budget strategy, and develop overall sector strategies; - To strengthen reporting and cash management, Iraq will require spending units to submit reports on all spending including investment, advances, and letters of credit no later than two months after the end of each month, and to reconcile these amounts with the cash balances at the beginning and end of the reporting period. Cash releases will be approved only after the Ministry of Finance has reviewed the report from three months before. This will reduce the idle balances in spending units
  4. Iraq completes three economic reform programs supported by IMF Posted by Shahid Abbas Wednesday, 10 March 2010 16:29 Central_Bank_of_Iraq Since 2004, Iraq has successfully completed three economic reform programs supported by the International Monetary Fund (IMF): one under the Emergency Post Conflict Assistance (EPCA) facility and two (precautionary) Stand-By Arrangements (SBA). During this period, Iraq has made considerable progress under very difficult circumstances, including a very challenging security situation. Iraq has successfully reduced inflation, showed fiscal discipline, and started rebuilding our economic institutions. These achievements have helped us to obtain generous debt relief from Paris Club and other creditors that has substantially improved our external position. These hard-won gains of recent years could be undermined, however, by the large drop in oil prices from their peak levels of mid-2008. After reaching a high in July 2008, when Iraqi crude oil sold for $124 per barrel, prices fell to a low of $35 per barrel in January 2009, before slowly recovering to a level of around $68 per barrel in the second half of 2009. The average export price in 2009 was $57 per barrel, well below the average export price of $92 per barrel in 2008. In addition, due to dire infrastructural problems, the volume of oil exports in the early months of the year fell below 2008 levels (to 1.75 million barrels per day (mbpd) in the first five months). Iraq has been working to address these problems and oil exports reached 2 mbpd towards the end of 2009, bringing the average for the year to 1.88 mbpd. As the proceeds from oil exports account for the bulk of our total export receipts, and for the majority of government revenues, the lower oil prices are posing considerable challenges to our internal and external economic stability. To maintain macroeconomic stability, and foster growth and employment, Iraq has adopted an economic adjustment program for 2010
  5. I agree.......... Sounds like the brokers are too late and muffed because they are too late..........
  6. Some investors exchanging U.S. dollars for Iraqi Dinar MID-MICHIGAN (WJRT) -- (02/24/10)--Some say it's an investment with big returns; others say it comes with big risks. Either way it's a growing trend: exchanging American money for the Iraqi Dinar. People are banking on the money being worth more if the Iraq government stabilizes. If you enjoy the sheer luck of playing the lottery or the roller coaster ride of the stock market, then your new fix could be the Iraqi Dinar. They are colorful bills that some investors are buying in bulk at local banks or online. They're banking of big pay out down the line. (Copyright
  7. Not sure if this is this the same article as last weekend but written differently? Source: BI-ME and agencies , Author: BI-ME staff Posted: Sat February 13, 2010 5:38 pm Iraq plans currency redenomination IRAQ. Iraq expects to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to facilitate currency transactions, reported Reuters, citing a central bank official. Emerging from years of war and sanctions, Iraq is trying to revamp its economy and boost oil production with a raft of crude deals that may vault it to one of the world's top oil producers. "The goal is to improve the payment and receiving system in the country and consequently to reform cash management," Mudher Kasim, a senior advisor at the central bank, told Reuters. Kasim said that the central bank expected to start rolling out new notes by the end of the year or the beginning of 2011. An Iraqi cabinet committee ordered the change in 2007, but the central bank did not think it appropriate until recently, Kasim said. The dinar's value will remain unchanged, he said. Speaking to Radio Free Iraq (RFI) Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. Salih said some 80% of Iraq's money supply is cash in circulation. Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars. Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy. The local unit is managed through foreign exchange auctions, and trades around 1,170 per dollar. http://www.bi-me.com/main.php?id=44269&t=1&c=35&cg=4&mset=1011
  8. Iraq Group Says It Has Kidnapped U.S. Contractor February 06, 2010 BAGHDAD (Reuters) -- An Iraqi militant group said today it kidnapped a U.S. civilian contractor last month and was negotiating the release of the body of another. A senior leader of Shi'ite militia Asaib al-Haq, or Leagues of Righteousness, said the abducted contractor, whom he did not name, was seized because the government was not keeping a promise to free Asaib al-Haq supporters from prison. Such a deal was widely believed to have been behind the release by the same group of British computer programmer Peter Moore in December after 2 1/2 years in captivity, despite Iraqi and British government denials of a link. "The government is carrying out many violations against us," the militant leader told Reuters, asking not to be identified. In a video distributed today, the abducted contractor said he was in good health and was being treated kindly. He wore a U.S. military uniform and spoke in English. He said his captors demanded the release of all detained members of their group, and that guards of the U.S. security firm Blackwater be prosecuted for a shooting at a Baghdad traffic circle in 2007 in which 14 Iraqi civilians died. Asaib al-Haq also demanded the withdrawal of all foreign troops from Iraqi soil. Around 115,000 U.S. soldiers remain in Iraq, almost seven years after the invasion that ousted Sunni dictator Saddam Hussein. The U.S. military in Iraq declined to comment on the video. Instead, it distributed a U.S. Department of Defense statement issued on February 5 that said a civilian employee of U.S. forces in Iraq, Issa T. Salomi, 60, of El Cajon, California, had been unaccounted for since January 23. The Asaib al-Haq leader said his group was also negotiating with the Iraqi government over the handover of the body of a U.S. contractor kidnapped and killed in 2006 by another group. He said his group had received the body of the contractor, identified as Ahmed Qusay al-Taie, from the other militant organization and would release it once it received an assurance from his wife that she would not sue Asaib al-Haq. http://www.rferl.org/content/Iraq_Group_Says_It_Has_Kidnapped_US_Contractor/1950677.html
  9. The company I deal with has 2 Offices in the Southern California Area. Good luck http://www.phoenixspiritent.com/index.html Phoenix Spirit Enterprises, LLC Headquarters' Office 1740 H Dell Range Blvd., Street 281 Cheyenne, WY 82009 Phoenix Spirit Enterprises, LLC 432 So. Curson Ave. Ste. 1 B Los Angeles, CA 90036 Tel. 866-494-4619 Fax. 323-933-6443 Phoenix Spirit Enterprises, LLC 6475 E. PCH., Ste.383 Long Beach, CA 90803 Tel. 562-494-4619 2nd line: 562-494-1003 Fax. 562-986-6894 Our Email: info@phoenixspiritent.com Our Toll Free Number: 866-494-4619
  10. News / From Our Bureaus Iraq Planning Currency Redenomination Iraqi dinars are stacked at a teller's window in a Najaf bank. February 06, 2010 BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued. Both will be legal tender in Iraq until the old notes are completely withdrawn. Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan. Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation. Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars. Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy. The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar. http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html
  11. Joe was a single guy living at home with his father and working in the family business. When he found out he was going to inherit a fortune when his sickly father died, he decided he needed a wife with which to share his fortune . . . One evening at an investment meeting he spotted the most beautiful woman he had ever seen. Her natural beauty took his breath away. "I may look like just an ordinary man," he said to her, but in just a few years, my father will die, and I'll inherit $200 million." Impressed, the woman obtained his business card and three days later, she became his stepmother. Women are so much better at financial planning than men.
  12. 1) to get the Aged LLC, where we will created a contract making you the Manager of that LLC, on the condition, that when the funds are in, you will pay for that Aged LLC. This will allow you to: A) have an LLC ahead, and you will be ready to accept the funds, since it
  13. Got a few dinars and just listening and learning.
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