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DRV1804

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Everything posted by DRV1804

  1. August 31, 2011 Kurdishaspect.com - By Shwan Zulal *****The Iraqi Cabinet has finally approved the draft Hydrocarbon law and will soon be read in parliament. *****This latest development comes on the backdrop of another draft oil law, which was introduced by the Iraqi Parliamentary committee for energy pushed, by Iraqiya List and the Kurds. ***** *****Incumbent MPs walked out of parliament when the draft was supposed to have its first reading accusing the energy committee for not consulting with the government and calling the draft law weak and insubstantial.***** The first Hydrocarbon Bill surfaced in 2007 and due to political differences between the competing interests of the political factions and disputes over the legality of the Kurdish contracts, it was delayed since. ***** The parliamentary committee has always been calling for the enactment of a hydrocarbon law before holding any further hydrocarbon auctioning rounds. However, the Government has not made it its priority to try to push for the law and concentrated on developing the oil and gas sector with little progress. Commentators believe the law might be passed before the January auction. And the Iraqi government is adamant that the 4th round of auction should go ahead regardless of the enactment of the law. This legal conundrum has created a tremendous amount of uncertainty for Kurdish Region and oil and gas companies operating there. Moreover, other companies operating in the south of the country feel vulnerable too as the Iraqi government does not yet appears to be consistent as some contracts has been renegotiation after nearly two years and deals Shell and Mitsubishi in the south of the country have been delayed. *****The enactment of the Oil and gas law***** -either draft- *****may give some investors a sense of security***** and encourage other to come to the country, *****but unless the law is reached by political consensus and the parties involved willingly agree to adhere to it, *****the status quo does not change. ***** Kurdistan Region has been at the forefront of the parliamentary melee for the hydrocarbon law and along with the Iraqiya list have managed to push Al-Maliki's government to speed up the introduction of government version of the hydrocarbon law. The main aim of the KRG is to make sure that the contracts they entered into stay in place and if they are revised, KRG officials will have a say. Information coming out of the Wikileaks files suggests that the US state department has advised companies against investing in Kurdistan and especially in the oil sector due to the legality of the contracts. However, some companies have ignored the advice and could not resist what was on offer in Kurdistan. Hunt oil being one example, they bought into Dhok block despite such warning. Furthermore, more talk of potential takeover is emerging in Kurdistan as Tony Hayward, investment vehicle Vallares said to be in final stages of making an offer for Turkish Genel Energy and there has rumours of British listed GKP (Gulf Keystone Petroleum) being up for sale, although denied by the company. These activates can only be an indicator that interest in the region is on the up and investors are cottoning on to the fact that the KRG would not budge to Baghdad. It is also becoming apparent that KRG will make sure the PSCs it has awarded will be honoured as failing to do so make KRG irrelevant. With the issue of the Kurdish oil contracts becoming the focus of the Iraqi lawmakers and Kurdistan region being shelled and bombed by both Iran and Turkey. The Iraqi government has acted with impunity and so far failed to defend its "citizens" in the north of the country. The Iraqi government's lack of response could only confirm that Baghdad has very little to do with Kurdistan Region and the impasse between Baghdad and Erbil is ever greater. *****In recent weeks, the KRG have looked weaker and appeared to be losing authority,***** but Kurdish politicians including the President *****has come out fighting and condemned the attacks.***** The massage has been clear to everyone***** that the Kurdistan Region is here to stay *****and threatening behaviour from neighbouring countries *****will not dent her resolve. ***** http://www.kurdishaspect.com/doc083111SZ.html
  2. Your exactly right Bama.... I'm going to try and find the thread, still interesting to see nonetheless
  3. Congrats Keep!!!!!!!!!!! Here i thought your announcement was going to be that you had jumped the LOP fence and came over to our side.....LOL May God bless you and your family!!
  4. Agreed Bumper!! I love how they bash but don't bring their own research to the table to debunk...
  5. Hilarious cooked!!!! I have never heard of men in coats before!! LOVED IT
  6. Good afternoon my DV friends and happy Saturday!! Kind of a slow read day, so i thought i would bring this over!! Don't shoot the messenger...and as always...GO RV BABY!! * Chat Week in Review and Analysis by Neo from Dinar Speculator: Dinar Recaps 8/27/11 August 27th, 2011 02:52 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) Well the news continues to be encouraging this week. I really enjoy the fact that the bulk of the articles that have been scrutinized by Med in great detail are centered around the core components of Shabbi the economy and global interaction of the dinar based on facts and projections. My favorite comments by Med were: · THIS THING IS IN AN INCUBATOR and AND IS READY TO HATCH ANY MOMENT · SHABIBI DID SAY IT THIS WEEK THEY NEED TO REVALUE HIS EXACT WORDS OR THE ECNOMY WILL FAIL AND THE DINAR WILL DEVALUE · FOLLOW THE ONE PERSON WHO HAS SHOWN RESTRAINT AND HAS NOT GIVEN THE MULTIPLE REASONS OR MISINFORMATIONTHAT IS SHABIBI Given the majority state owned banking infrastructure, it is interesting to note that the global economic currency issues led by the IMF and World Bank have met a resistance if you will from Iraq to participate or engage the international community in a more timely fashion. We all by now have seen modern political money and banking functions evolve as a key mechanism in Iraq. As the global community is trending toward global economic distress, Iraq has embraced an insidious expansion of debt, which has and will generated economic activity by pledging their natural resources and betting on expected outcomes. Before project Iraq was even considered a player in the scheme of things, there has been one basic economic methodology deployed globally that has shown its strategy time and time again. Within the framework of the Hegelian dialectic process, the same ingredients that define the cycle of Problem - Reaction – Solution continue to abound. High level financial crisis has always invoked a state of war or conflict and deployed the usual resolution process. I can’t help but reflect on Iraq and its Central Bank and how the basic law of just weights/measures allowed centralized economic activity in a state/banking environment to solely determine how much money (credit) to create, for whom, and at what cost. Natural resources such as oil gold or silver, augmented by their own labor, do not appear to any longer determine the money supply. Now we are seeing Shabibi at the CBI create new money and credit mechanisms out of thin air with fiat money! Has there been stated or defined any other types of monetary aggregates, using a categorization system that focuses on the liquidity of the financial instrument used as money? Will they ever produce a representative money or fiduciary money that will be tied to or backed by non depleting tangible reserves? As we are seeing the devaluation of currencies worldwide and revaluation of the monetary systems trending in many countries, the Iraqi government has mapped out the plan to begin the exploration and exploitation of its various raw materials for sake of rebuilding the Iraqi economy. And this development will also become the reason to increase the value of Iraqi dinar. Deep economic retrenchment and greater economic polarization between the classes will probably be consistent through this period until they prune the zeros and the managed rate is replaced by a functional rate that gives them the best bang for their dinar. Otherwise this week was more upbeat in my opinion. Thanks to all who contribute
  7. BondLady’s Chat – Saturday, August 27, 2011 [bondLady] gm all [bondLady] posted a lot of news for us all today an lots of good reads to read [zapper] BondLady gm How are you? Can you interpret what campdav just posted re: Iraq? Sounded good to me, I think. [bondLady] I can show u my break down of it [bondLady] the way I read a article if that'll help you [zapper] That would be great. [bondLady] Finance (News): we aspire to make the Iraqi dinar portion of international reserves Date: Saturday 27-08-2011 01: 01 pm http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D19113 [bondLady] regard that**** the Iraqi dinar**** is adopted *****as part**** of international reserves,****** through***** the establishment****** of a**** strong economy****** boosts value***** of local currency.****** He justified the speaking specialists (News News Agency) ******the adoption of Iraqi******* when importing goods***** merchant dealing ******in foreign currencies****** as the dollar******* and the euro,***** the weakness *****of the Iraqi economy,***** leading to the****** unwillingness ****of States****** to deal with its currency.****** Economic expert explained****** the reasons****** for non-smism peace*** the circulation****** of foreign currency***** transactions****** to the weakness ********of the Iraqi economy,******* wathkalh,***** noting that****** the Kuwaiti dinar***** and**** Jordan***** become powerful******* because of their economies,****** in addition ******to the absence****** of debt****** and internal problems.****** [bondLady] Some smism told a reporter (News Agency KCNA) Saturday:****** Iraqi merchant******* refuses to deal******** with the same *******Iraqi dinars******8 when imported goods****** because****** it would not be desirable in abroad.******* He said ******the Central Bank Adviser****** appearance of Mohamed Saleh***** told reporter (News Agency for news) Saturday:****** the Iraqi dinar****** is not***** an international***** reserve currency***** to be treated abroad,****** we aspire****** to be**** the monetary policy ********of the Iraqi dinar****** portion of international reserves***** and this needs to be a long time.****** [bondLady] Added benefit:****** the Iraqi dinar *******is the local currency****** convertible *****to other currencies,****** excluding that****** of the Iraqi dinar****** is treated****** externally***** at present**** a guide *******to help**** the Central Bank ******did eject***** Iraqi dinar****** only limits (200) 1,000 dinars to the traveler.**** Central Bank Adviser, *****said that******** all the countries of the world********* deal with currencies****** of neighboring countries****** but narrowly *****and**** not on any large scale****** handle small transactions ******and cross-border means of payment**** for financing foreign trade.***** [bondLady] Maybe parliamentary Economic Committee member and Deputy//National Alliance Amer Al-Fayez told the reporter (News News Agency)******** in the near horizon *******that economic and policy insights ********to make****** Iraqi dinar stable****** States refineries,***** stressing that****** there is no law ********forcing the dealer ********to deal******* with the Iraqi currency abroad****** because**** the issue was not related *******to the merchant***** but on the world market.***** And between Al-Fayez,****** which makes dealing******** in Iraqi dinars******* abroad ******was a departure******* from Iraq****** and****** form item VII******* maintain deposits and balances now ****in the Central Bank.******** He is a member *******of the parliamentary Economic Committee:****** idea list ******now to delete three zeros ******from the currency****** and this project***** will hopefully****** contribute****** to give power******* to the**** Iraqi currency dealings.***** [bondLady] The Iraqi dinar was introduced in the 1930s**** and equated the three during the 1970s,******* but the deterioration of us**** after 1990 as a result of the invasion of Kuwait******* and the United Nations**** imposed ******an economic blockade,****** lose value rapidly ******and up to 3,000 dinars per dollar by mid-1990s.***** The former regime******* printed currency***** outside Iraq***** were issued******** new paper currencies ******higher after the 25 dinars,****** larger number***** was printed banknotes ****KD 250 category****** which are not equal***** in reality****** more than 25 Fils***** from the dinars of the 1970s.***** After 2003****** a new Iraqi currency issued ******by larger groups *****to facilitate ******daily transactions,****** the 25,000 dinars***** became the largest Iraqi currency**** (dollar equals 1,120 dinars),****** but this price ******is still far***** from an Iraqi citizen,******* and deleting zeros ******the fastest way ******to increase the value******* of local currency ******against the dollar,**** according to observers [bondLady] when you are reading an Iraq article if u will break it down like this when u read it, it will almost always explain itself if it don’t then u refer to history and what u already know to link the 2 together to understand what u don’t [bondLady] I hope that helped ya [bondLady] it has always worked for me an I’ve been on target 99.9% of the time [shunshine] Their money has no value correct so why would anyone take it [bondLady] right ss [bondLady] and that ‘s why they’ve been using foreign currencies to buy things [shunshine] Yes, but when are they gonna wake up [bondLady] and because it’s still under sanctions [MisterFizz] What do you think of the Obama thing and Chapt VII [bondLady] and is not tradable internationally........yet, but they ASPIRE to [bondLady] I dunno mcfizzy I did read it [bondLady] but it’s like I said the other day [MisterFizz] Saving it to try to salvage a sinking election bid? [bondLady] Iraq was put under sanctions for being a threat to Kuwait [bondLady] and what have they been doing [bondLady] threatening Kuwait over this port [bondLady] even though they couldn’t fight their way outta a paper bag right now [bondLady] but the threat still exists [bondLady] they need to confine their dummy threats to each other that what they like to fight each other, and quit threatening people who could help them come out of sanctions [bondLady] like us for 1 [bondLady] Sadr threatens us every day [bondLady] Iraq threatens USA and Kuwait [shunshine] bunch of idiots I think [MisterFizz] yes, he is a pox on their recovery [bondLady] they can’t do a thing to us really but they can try to kill us off 1 by 1 over there [bondLady] and they can have instigators like the pos Iran leader [bondLady] and other countries that hate us and hate any who stand with us like Kuwait does [zapper] Sounds like one step forward three steps back. [shunshine] But they can sure put their hands out ,when in trouble [shunshine] We hate you but save us [shunshine] But again that ‘s about every country [bondLady] they’re griping now about us [shunshine] oh course [bondLady] they condemn us for not protecting them from Iran and turkey [shunshine] We should cut all countries off and see what they do jmo [bondLady] and in the other hand say get the hell out of here or we will kill all USA military here [bondLady] damned if we do damned if we don’t [bondLady] they say go then say stay [bondLady] like the good general said [bondLady] cant u make up your mind about anything
  8. Exactly EZ!! It's the same post different day.... Come GT5 why are you even in this investment? And why would you waste your time on this site?"
  9. THIS IS BL'S TAKE ON THE ARTICLE...I always like to hear her thoughts on articles! i hear the train a commin its rollin round the bend, shabibi is the conductor on this long ride ive been, just a waitin on the day, i can cash mah deenar in lol and i dont think we have long to wait either 7 years been a long long time for me but this trains about to pull into the station and nothins gonna stop it now not mafia thugs or iran , iraq has a destiny it was written years ago and iraqs about to grow up and be accountable...imo, hold tight were almost there ..BondLady
  10. BondLady’s Chat – Favorite Article of the Day: “ Central Bank: ready to intervene in the case of the inflation rate exceeds the red line” – Thursday, August 25, 2011 [bondLady] Central Bank: ready to intervene in the case of the inflation rate exceeds the red line 2011-08-23 23/08/2011 Interact issue of rising inflation rates in the country and many specialists as well as citizens concerned about the news related to this, especially since the rise in inflation was not a bit within a year as it ranged from 6 7%. و The central bank announced that the annual inflation rate in the country amounted to more than 6 percent this year, with the exception that this rise is equal to twice what it was last year, attributing it to increased inflation, the dollar area at the global level. The central bank adviser said the appearance of Mohammed in an interview for "Alsumaria News", "rate of inflation in the country since February, and to June of this year amounted to 6.4% after it was 3%, in 2010," indicating it was due to " vulnerable to the phenomenon of inflation in the dollar on the global level, and because Iraq used the dollar in import operations. Saleh added that "food have risen since July 2010 to July 2011 increased by 40%, and industrial materials by about 38%," pointing to "ready the central bank to intervene in order to maintain monetary stability in the event exceeded the rate of inflation, the red line and approached the two places decimal places or less of them a certain rate. " [bondLady] Saleh pointed out that "the general budget or planning for Iraq estimated for one year and not of income, capital," pointing out that "the expenditure extends throughout the year, and therefore, there is a balance between revenues and expenditures." He noted the benefit that it "has been developed a budget based on an estimated deficit of about 17 trillion Iraqi dinars, and based on the price of $ 76 and a half of a barrel of oil, with export capacity of 2.0002 million barrels a day," stressing that "if Iraq sold its oil at a higher price of 76 dollars and a half it would be a surplus budget. " وكان The CBI predicted in the 22 of June, the volume of inflation in Iraq during the month to 7%, while noting that high oil prices in world markets, one of the causes of inflation in the country, he stressed that commodity production National weak compared with the service production which is witnessing a rise. [bondLady] Has already said the Ministry of Planning and Development Cooperation, in the 19 of June, the inflation index has been rising slightly in May 2011, compared to the previous month, stressing that the rate of inflation rose by a large margin compared with May of last year 2010. The Central Bank of Iraq was established as a bank independent under the law of the Central Bank of Iraq issued on March 6, 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies, and management of foreign reserves, and the issuance of currency management, as well to regulate the banking sector to promote a competitive financial system and independently. And the central bank denied that there was fraud, entered the country which led to the postponement of the project to delete the three zeros, adding that the process of removing the zeros facing the reactions of the strong points. [bondLady] The central bank adviser said the appearance of Mohammed Saleh: No health on the entry of counterfeit currency into the country led to the postponement of the deletion of zeros to the notice, and that the project still exists, but ink on paper was not being implemented yet. Saleh added that the issue of fraud and breach of law and economic crimes that exist in the list of all the countries of the world. And he continued, we faced a very strong reaction by the other parties to achieve the project to delete the three zeroes from the Iraqi currency, but despite this we as an authority we consider critical strategic project and must be applied in one day. And between the central bank adviser to the project to delete three zeros is to re-structure of the Iraqi currency and start a new currency system, in addition to the replacement of groups 250 and 500 dinars metal currencies to facilitate a lot of things http://translate.google.com/translate?langpair=ar|en&u=http%3A%2F%2Fwww.newsabah.com%2F [bondLady] that was my fav of the day inflation gets to high redlined from the guidelines the imf told them to stay in he would act with or with out a complete goi [bondLady] imma likein it [bondLady] great article i dont care if it was 2 days old [bondLady] --------------------------------------------------------------x sign here shabibi [broncorider] Do you really think Shabibi would make a move that has some many things riding on it world wide? [behaviorkat] wow - that is a lot of currency articles - and they really sound very good! [bondLady] he can an would [broncorider] WHat could they do to him if he did do it? [bondLady] he guards inflation an when it jacks with his monetary plan well it aint a good thing [bondLady] nadda thing [bondLady] hes the central bank governor hes not governed by the gov or the parl cbi is independent [broncorider] Well he needs to grab a deep seat and just do it then [bondLady] but they needed to sign off on the lower denominations to be released [behaviorkat] giddyup [bondLady] they surely dont want him rving the currency in iraq with the 000 still on it [player46] BondLady ..good afternoon..I love that art. and ty. I like "applied in a day" [broncorider] ALl that is already done so now has free rain [bondLady] 31 millon people in iraq all millonaires [bondLady] aint happenin [Payitforward] don't you think this meeting in Jackson Hole is just to get the final details worked out "face to face" [bondLady] hi player me too hun [bondLady] it almost looks like this article was addressin the 1 from malikis guy [bondLady] sayin dont raise the 000 [texas] didnt think many dinars in country just dollars [bondLady] theres a ton of dinar in iraq [bondLady] they just prefer to use usd cause it has value an theres dont [bondLady] add value to it an theyd love it [bondLady] i mean it is a beautiful currency [bondLady] very pretty toilet paper fo sho [texas] a friend of a friend story about a professor there...she says they have a choice in how to get paid...they always take dollars [bondLady] make pretty wall paper too [player46] BondLady ..You know David always wondered if we needed a complete GOI for RV to occur. [bondLady] it has value theres dont thats why [bondLady] we all do player [bondLady] but i remember very well last year [bondLady] when they was fightin over pm who was gonna win [bondLady] before they did the national partnership [bondLady] shabibi said [bondLady] set the gov an ill add value to the dinar [bondLady] an in washington he said what was needed for a rv [bondLady] he said we need security [bondLady] straight up [bondLady] what ministers did they need? [bondLady] security [bondLady] so i dunno but if inflation forces him to act an not wait......... [bondLady] we just have to wait and see [player46] BondLady ..that art. kind of sounds like he might not wait...red line.. [bondLady] yes it does [bondLady] it might be a threat also [bondLady] but shabibi usually dont take jabs he does what shababy do [bondLady] he dont get all political either [bondLady] an saleh used to say ate up crap [bondLady] but shabibi must have sat him down an told him to not be doin that cause he sure dont any more [bondLady] shabs say u represent me an the cbi now close ur pie hole [bondLady] jus kiddin ...kinda [bondLady] drops the mic on mic an walks off
  11. Exactly my friend! I will take that any day of the week!!
  12. Seriously J.F?? Come on put this crap in off topics, or opinions, gee thanks for helping translate this article...post like this piss me off....putting EVERY MUSLIM in the same basket as the dirtbags that attacked on 9/11 is just pure ignorance!!!!! I will pray for you
  13. Are you serious?! This is the first I have heard about this......if its true i agree with you I will not be happy!! Its one thing to disagree with someone and bring another perspective to the table, like drox, dinarck, keep, dalite, etc do. I dont always want to hear their side because it would mean the pay off from this investment will not be what we all first thought it would, but they bring intelligent debate....which is MUCH different than these moron's that will comment on a BL post (along with other posts) and dont bring anything but hateful, ignorant words....and what's even better is they think they are so tough, yet they are so predictable...we all know when a post comes out who will be the HATE MONGERS to comment, than we are forced to waste 2 pages on the thread because we are all fired up we are spit'n nails...Bondlady, i will make this plea......please dont give up, and especially not on this site....dont let a few bad apples ruin the bunch!!!!!! I love your post's, and appreciate all the research and work you do...so please dont drop the mic and walk off the DV plank........ and as always my DV friends GO RV BABY!!!!!!!!!!!
  14. Same here dogz, guess were both morons!! LOL
  15. Good one Delta!! LOL Now im a moron!!!! Good chuckle to start the day
  16. Me to Brinx!! I dont know what it is but i have this gut feeling about the VND, i know it wont make me millions (unless i own billions) but i feel like i can make a decent profit off of it....sometimes i get burnt out on the Dinar articles and i start searching for VND articles, its just a break from the crazy that is the IQD!!!! LOL
  17. VietFinanceNews.com - The Vietnamese dong will not depreciate beyond VND21,000 to US$1 through the end of the year, National Financial Supervisory Committee vice chairman Le Xuan Nghia predicted at a seminar in Ha Noi last week. Expecting only a slight depreciation of the dong against US dollar in the next few months, Nghia affirmed that a declining trade deficit and rising foreign currency reserves, would continue to stablise the foreign exchange market. From July of last year through March of this year, the dong depreciated significantly against the dollar, creating tense circumstances on the foreign exchange market. A possible shortage of US dollars might arise by the end of this year as many enterprises had borrowed from banks in US dollars in recent months and would need to gather dollars back in to repay the loans, Nghia warned. The disparity between banks' dollar supplies and outstanding loans stood at VND100 trillion (US$4.8 billion) at the end of July. Whether gold prices would continue to skyrocket, as they have in recent months, was also a point of uncertainty, he said. A survey conducted by the Japan International Co-operation Agency (JICA) in 2003 showed that Vietnamese were hoarding up to 40 per cent of their assets in the form of gold. A German expert at the seminar predicted that if the US economy continued to sputter, coupled with eurozone debt worries, gold might reach $2,500 per ounce. Tran Dinh Thien, director of the Institute of Economics, suggested that investors look to a more stable currency, such as the Chinese yuan. Despite the property market's current doldrums, seminar participants were also bullish on domestic real estate, predicting that if the Vietnamese economy showed signs of flourishing, property would remain the most lucrative investment. However, senior economist Nguyen Tri Hieu suggested that real estate values might decline by as much as 30 per cent by the end of the fourth quarter, and he urged investors to sell real estate assets. The seminar, entitled Viet Nam's Financial and Monetary Market – Challenges and Forecasts, was aimed at finding solutions for commercial banks and businesses to overcome difficulties arising from tight monetary policies, as well as helping individual investors choose the most lucrative investments among foreign currency, gold, real estate, securities and bank deposits. The seminar also heard that remittance from abroad had fallen from $2.4 billion in the first quarter to $1.9 billion in the second. http://www.vietfinancenews.com/2011/08/forex-rates-expected-to-stay-stable.html
  18. Interact issue of rising inflation rates in the country and many specialists as well as citizens concerned about the news related to this, especially since the rise in inflation was not a bit within a year as it ranged from 6 7%. The central bank announced that the annual inflation rate in the country amounted to more than 6 percent this year, with the exception that this rise is equal to twice what it was last year, attributing it to increased inflation, the dollar area at the global level. The central bank adviser said the appearance of Mohammed in an interview for "Alsumaria News", "rate of inflation in the country since February, and to June of this year amounted to 6.4% after it was 3%, in 2010," indicating it was due to " vulnerable to the phenomenon of inflation in the dollar on the global level, and because Iraq used the dollar in import operations. Saleh added that "food have risen since July 2010 to July 2011 increased by 40%, and industrial materials by about 38%," pointing to "ready the central bank to intervene in order to maintain monetary stability in the event exceeded the rate of inflation, the red line and approached the two places decimal places or less of them a certain rate. " Saleh pointed out that "the general budget or planning for Iraq estimated for one year and not of income, capital," pointing out that "the expenditure extends throughout the year, and therefore, there is a balance between revenues and expenditures." He noted the benefit that it "has been developed a budget based on an estimated deficit of about 17 trillion Iraqi dinars, and based on the price of $ 76 and a half of a barrel of oil, with export capacity of 2.0002 million barrels a day," stressing that "if Iraq sold its oil at a higher price of 76 dollars and a half it would be a surplus budget. " The CBI predicted in the 22 of June, the volume of inflation in Iraq during the month to 7%, while noting that high oil prices in world markets, one of the causes of inflation in the country, he stressed that commodity production National weak compared with the service production which is witnessing a rise. Has already said the Ministry of Planning and Development Cooperation, in the 19 of June, the inflation index has been rising slightly in May 2011, compared to the previous month, stressing that the rate of inflation rose by a large margin compared with May of last year 2010. The Central Bank of Iraq was established as a bank independent under the law of the Central Bank of Iraq issued on March 6, 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies, and management of foreign reserves, and the issuance of currency management, as well to regulate the banking sector to promote a competitive financial system and independently. And the central bank denied that there was fraud, entered the country which led to the postponement of the project to delete the three zeros, adding that the process of removing the zeros facing the reactions of the strong points. The central bank adviser said the appearance of Mohammed Saleh: No health on the entry of counterfeit currency into the country led to the postponement of the deletion of zeros to the notice, and that the project still exists, but ink on paper was not being implemented yet. Saleh added that the issue of fraud and breach of law and economic crimes that exist in the list of all the countries of the world. And he continued, we faced a very strong reaction by the other parties to achieve the project to delete the three zeroes from the Iraqi currency, but despite this we as an authority we consider critical strategic project and must be applied in one day. And between the central bank adviser to the project to delete three zeros is to re-structure of the Iraqi currency and start a new currency system, in addition to the replacement of groups 250 and 500 dinars metal currencies to facilitate a lot of things. http://translate.google.com/translate?langpair=ar|en&u=http%3A%2F%2Fwww.newsabah.com%2F I couldnt find it sorry if its been posted.......
  19. I agree!! LOL they keep messin with us I figured!! LOL Oh well GO RV!!
  20. IQD/GBP(CCY: IQDGBP=X ) this is what the website is saying....although it still gives a rate.....what does =X mean????? im sure it means something very simple....
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