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DinarThug

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  1. CNN. Broadcasting During Happy Hour While Frank Is Mumbling, Bumbling, + Stumbling After Chugging Blue Hawaiin's From A Giant Tumbler ! abundantlyblessed:Hi Frank! with UN "operational date" rates not showing when we expected, what is your best guess about anything showing for Monday as the "effective date"? Is it possible for nothing to have changed with any currencies and then all of a sudden change a few days or so later? Or would it have to wait until the next scheduled date of change which I think is the end of the month. Thanks for your input! Frank26: OH NO............... They will not wait till next month. There can be many reasons why these numbers are late. Yet only one True answer.IMO.......... Yes this can be significant to us. Mainly due to the Numbers on the combination of the tumbler so visable. So many things are lining up for the rate to be seen. KTFA, Frank ************ DELTA wrote on April 12th, 2013, NEXT WEEK THE CBI IS GOING TO HAVE SOME KIND OF ANNOUNCEMENTS…..WE ARE NOT SURE ABOUT THE SUBJECT . DELTA ....
  2. This Just In To The CNN Happy Hour Update Desk - Okie Has Declared That The Whales Have Started Cashing In ! 4-9-2013 Intel Guru Okie_Oil_Man WE WERE INFORMED THIS "EVENT" WAS TO TAKE PLACE YESTERDAY WITH A POSSIBILITY OF IT RUNNING INTO TODAY. I HAVE NOT HEARD DIFFERENT YET TODAY. THERE WERE SOME REDEMPTION'S LAST NIGHT AND THIS MORNING FOR A FEW SELECTED OFFICIAL PERSONNEL FROM HIGHER UP'S THAN US COMMON INVESTOR'S. WHEN THEY WILL ACTIVATE THE ALLOCATION FOR US AS INDIVIDUAL INVESTOR'S IS UNKNOWN. WE APPEAR TO BE VERY CLOSE WITH SO MANY WELL INFORMED INVESTOR'S ALREADY BEING ACCOMMODATED. AT LEAST WE ARE AT THE POINT OF KNOWING THAT THE MONEY IS STARTING TO FLOW--MAKES NO DIFFERENCE WHO IS FIRST---WE'LL BE NEXT
  3. He's Innocent ! Yo Snap ! Shabbi's Gonna Be Pi$$ed Because I UnFriended Him On Facebook ! Thx For The Post King Bean !
  4. CNN. Broadcasting From The Baghdad McDonald's Which Is Featuring The All New McFrank 'Crappy Meal' - With A Maliki Squeaky Toy In Every Bag ! 4-9-2013 Intel Guru OCrush The CoM had a session today passing a variety of draft laws. This session took place with the attendance of the PM, Pres. of the council and other bloc leaders. It seems, the laws that are passing do not need to be voted by parliament. We think that parliament has given that power to there respected blocs to pass laws without them. That would be great news for us. 4-9-2013 Intel Guru OCrush Also, the provinces are asking for there money, especially Kirkuk, to implement there projects and to run the provincial elections. This also tells us the 2013 was not opened yet (good news). The emergency fund that was created is to pay for govermental operations not to fund projects. It also seems the integrity commission has exonerated Mr. Shabbs. Lets see where that goes with Mr. Shabbs and his team:) There is word that the Sadrists are backing Maliki now. we find it curious that there is absolutely no news on article 140's outcome. Thug Note: COM = Council Of Ministers. 4-9-2013 Intel Gurus Frank26 & Delta Budget looks strange and fishy because it didn’t take normal process...they can’t find the budget in the Gazette. The MOJ was attacked cause they knew it would affect the process of the budget, it's because of conflict with Shia and Sunni’s. They confirmed Gazette bldg was attacked but that budget was already printed, but where is it? When Shabibi was in charge said no new law needed for budget only instructions on the currencies and posted in the Gazette...The COM approved four days ago the instructions and was on TV. The instructions are part of the 2013 budget. The budget...has the new rate... 4-9-2013 Intel Gurus Frank26 & Delta Malki is taking advantage of the situation...waiting till last minute before elections to show it. Although the elections for PM will be next year, his affiliates are this year and people will remember him next year that he did an excellent job. The distribution of money from budget to begin next week, the cards this week. This week should be the week we see the change of the Iraqi Dinar! The currency has to go international. This week should be very, very hot and it's possible that in the next 72 hours the new rate should appear. As soon as CBI announces it the rate will show throughout the USA. We will all be surprised about the rate!
  5. A Post From JeffUSA With A Response From SteveI Explaining Why He Isn't Posting Any More ! jeffusa, on 08 Apr 2013 - 20:44, said: Hello PD I bought into this in March of 2005. I only intend on selling my dinars back to a bank. I bought this investment with the intent of getting a return of 86 cents per dinar within 3 to 4 years. As you can see we are starting the 9th year. I have no sources or contacts. I must rely on people who know people. I have followed Steve since his DV days and grab what I could before I was lucky enough to find him. I have read all the websites (both news and others sites). I think the news sites are like our press they print their views and not necessary the truth. ... Please hang in there and respect the people who post here. If you are having a bad day , then take the day off. Remember politicians only care about themselves, here or there. So when it benefits them this will happen. If you can no longer handle it log out... come back in 3 weeks... maybe we will be gone ... Jeff STEVEl REPLY : Some of the nicest things I have heard in a long time. Words like this just make us try even harder. I wish I had more at this moment however I can not get anything from our contacts. This is the strangest thing I have ever seen since I have been in this investment. Something for sure is going on, I think I know but will hold back for a bit longer. I am going to make more calls tomorrow and see what I can find out. Even our contacts think this is strange also. Something is for sure going on to be so secret. Anyway, I want to thank each and every one of you for being a team player and all the mods that keep this together, and Todd my admin go to guy. Just because I have quit posting does not mean I have quit looking for facts. Matter of fact I have spent more time now looking than posting. Things are very positive and really am trying to figure this one out. You all stay safe. Blessings, Steve
  6. Hmmm, U Tried To Call Me Out A Few Days Ago On Another Thread (See Above) ! But When I Took The Time To Respond With Researched Quotes (See The Link Below) U Just Disappeared ! Read more: http://dinarvets.com/forums/index.php?/topic/145336-ocrush-chapter-7-release-sometime-this-week/page-2#ixzz2PvuR9jEd Now Ur Back Again Making False Accusations Which I Will Take The Time To Disprove. Normally I Wouldn't Provide A Link To Another Dinar Site (It's Against DV's Rules) But Since U Want To Stir The Pot - I Will Respond ! Here Is The Link To The Original Post From Okie Along With Over 50 Responses From Some Of His Sycophants ....... [..okieoilman] GOOD AFTERNOON AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. WELL IT MAY SEEM WE ARE IN THE TWILIGHT ZONE I Added In A New 3 Line Post Today To This Thread (Post #24) Because It Was Too Short To Justify Making A New Thread. Although Later Today The Recaps Site Added A Few Paragraphs To Their Posting Of It With Some Additional Okie Comments About Margaret Thatcher + Annette Funicello. [..okieoilman] NEWS MAY APPEAR THIS AFTERNOON THAT WE WANT OR MAYBE AS LATE AS TOMORROW MORNING BUT TODAY IS STILL IN PLAY---- I MAY KNOW LATER THIS AFTERNOON------BLESSINGS So Them Is Da' Facts Cliffy - And If U Can't Handle The Guru Circus Freaks Then Stay Out From Under The Rumors Big Top !
  7. A SteveI Update - SteveI Finally Admits That He Has No Clue ....... Email sent to Todd, Admin From Stevel - Post From Peoples-Dinar I received an email from Steve a few minutes ago and here was his exact words: "Todd, Ray and I are doing everything in our power to get some straight answers as to what is really going on. Even our contacts are not sure what is happening. We have no clue to what is even passed or not passed into law because these laws are not posted in the Official Gazette yet. Even the budget of 2013 is not there. Ray and I can only speculate to why this is intentional. They are doing things like never before and this makes me lead to believe that this is very real and very secret. Iraq will not show their hand even for a second as to the final moment this is going to happen. If they did, it would cause a tremendous impact on their economy. If I truly had something to share I would be there in a heart beat, but there just is nothing significant as it is all being kept very secret. I encourage everyone to quit worrying about the parliament, the sessions, Maliki and anything else you can think of as it will happen when they say it will. You will wake up one morning and see my post on a list of banks to cash in at with great rates. So until that happens let it go. Blessings, Steve" There you have it, a quick reply and that pretty much wraps up what is going on. Todd, Admin
  8. CNN. Broadcasting With Completely Feckless Journalistic Standards. Because When It Comes To Covering The Gurus - We Just Don't Give A Feck ! Posted Today, 12:42 PM OCRUSH E-MAIL April 8th Post By Hopesway: Peoples-Dinar Hello Diane and All, Ok...this is the latest. Parliament had a session today and passed some laws. Maliki was of course a no show. This is what happened in parliament today. Nujaifi, the head of parliament, extended the legislative term for another month. Reason, political developments. The article below that my cousin sent me a few days ago will explain what is really going on. We sat on this till we saw the outcome of today. The reason for the legislative extension is because they need to see what is going to happen with the provincial elections. They were suppose to take vacation from April 15 - June 15 but Nujaifi changed there vacation to take place from May 15 - June 15 2013. Reason...they need the elections to take place to see which way this will go. ... This is why they postponed the next parliamentary session to take place April 23 2013, after the elections. The article below also explains what Maliki was talking about having a Majority Gov. If something was to happen today with Maliki the Sadrist bloc could have acted but they did not. As far as the Kurds, not much has been published on the outcome of there "last chance" to get article 140 implemented. Please note that the banking sector in Iraq is the most advanced then any other country. The new 2nd generation Ki card is being distributed to the people through there respected banks. It includes hand print and facial recognition. We don't even have that in full scale here. Too many privacy laws to be given up in the US. This technology that is being introduced in Iraq is close to Japans banking. On the budget end...they seem to have established an emergency fund using the Japanese loan (some of the 4.5 billion) this is why parliament passed a law to protect the Japanese funds if they were not to be used for investment purposes. They will retroactively pull it from the budget to pay it back when its implemented. The good news is they found a way around that and the budget will show in the gazette when all this political mumbo jumbo is complete. So let us see what happens on April 20th and give them a couple of days to count the votes. Hence parliament reconvenes April 23, 2013. Here is the article with link below. http://www.niqash.or...ticles/?id=3194 http://www.niqash.org/ Cheers Diane and All iraqi pm al-maliki: ‘i will win a third term’ niqash | Daoud al-Ali | Baghdad | 04.04.2013Speaking in Baghdad, Iraqi Prime Minister Nouri al-Maliki is overwhelmingly confident about this month’s provincial elections. He says he will win by forging new political alliances. Iraqi Prime Minister Nouri al-Maliki plans to remain in power for another term; sources close to the Iraqi leader, who has been criticized for undemocratic behavior, say he’s ready to reap the fruits of his political maneuvering. This includes his forging several unlikely alliances. On the not-so- surprising list were the likes of one of Iraq’s two deputy Presidents, Khudayr al-Khuzai, a former member of al-Maliki’s own party who had previously left the party as well as Hadi al-Amiri, the leader of the Badr Organization, formerly part of Islamic Supreme Council of Iraq. The latter two men are Shiite Muslims, just like al-Maliki. More surprising inclusions are Saleh al-Mutlaq, one of the country’s three deputy Prime Ministers and Jamal al- Karbouli, head of the National Movement for Reform and Development, or Al Hal, party. Both of the latter are members of the Iraqiya opposition bloc and Sunni Muslims. At an event held pre-Iraq’s provincial elections attended by NIQASH, al-Maliki was confident. "Our party will have the best and most efficient presence during upcoming provincial elections,” he boasted. “"There have been challenges but we have been able to face them because of our partners in the political process. It would have been very different if we hadn’t been able to maintain our coalition’s unity,” he added, somewhat ingenuously. “I will win a political majority in the provincial elections,” he concluded. Al-Maliki is able to speak with such confidence because, despite all the pressures exerted upon him, he has not yet been defeated by his political enemies nor removed from office. And he seems sure to run for a third term – despite the fact that earlier in 2013, other MPs voted for a law that would restrict any Iraqi PM from more than two terms. The law still needs to be ratified and the next Parliamentary elections in Iraq are to be held in early 2014. “Now we must work hard to face down those who are hostile to us,” Badr Organization head, al-Amiri, said. “These people are pressuring the Iraqi people not to participate in these elections. But our responsibility is to convince them otherwise.” Observers say that al-Maliki is planning a new political chapter for the country. Judging by the allies he is choosing – or being forced to choose – he seems to be planning to rule by political majority rather than by using sectarian alliances or a quota system. “Al-Maliki has more or less confirmed that he is going to run for a third term,” Ahmed Salim Hussein, a professor of political science, told NIQASH. “After this, traditional political alliances upon which the current government is based won’t exist. The way in which al-Maliki is marketing his bloc and his allies confirms that there will be new alliances made in Iraq.” Whether al-Maliki succeeds or fails with this new plan remains to be seen. A major political party like the Sadrist movement still has the potential to stop the current PM from his goal of ruling the country for a third term. OCRUSH CONTINUES: My cousin and I were waiting to see if something extraordinary was going to take place today but now we know what Maliki has stated a few days ago is true and the Blocs tried to bring him in but with no success. For Nujaifi to extend the legislative term suggests they will wait for the provincial election outcome. Either way we want political stability in Iraq and this is the end game. Cheers:) PS: They might need to wait until the Anbar province elections take place and that takes place in May. If Malikis majority wins in April 20th, then it wont matter. Let us hope, if he does win the majority, the monetary policies will RV. Political stability is what I am looking for and I believe the CBI and IMF are also looking for that stability. Either way one government will come out ahead.
  9. Any Chance That U Could Get That TV Show To (Big)Foot The Cost To Install Cameras On Ur Property ?
  10. This Just In From The Okie Update Desk ....... 4-8-2013 [..okieoilman] NEWS MAY APPEAR THIS AFTERNOON THAT WE WANT OR MAYBE AS LATE AS TOMORROW MORNING BUT TODAY IS STILL IN PLAY---- I MAY KNOW LATER THIS AFTERNOON------BLESSINGS ...
  11. That Sounds Like A Typically Ignorant Statement From Someone Who Is Brainwashed ! The Reality Is That Reagan Was Overwhelmingly Elected Over The Incumbent Democrat Carter ! Under Carter We Had A Moribound Economy (Banks Charging Over 20% Interest On Loans) Along With The Ongoing Iranian Hostage Crisis ! Even The Democrats Voted For Reagan ! Where Do U Think The Term Reagan Democrat Came From ?
  12. Sunday Update From OCrush ....... From Ocrush April 7th This article came out today. The Kurds mean business, tomorrow will be a very interesting day. Showtime:)) Kurdistan" waving "options are open" if the failure of the agreement with Baghdad Announced the Kurdistan Alliance on Saturday, that the message of the President of Iraqi Kurdistan, which was delivered to the delegation of the National Alliance, a "last chance" to fix the conditions experienced by the country and the implementation of the previous agreements and obligations, and stressed that otherwise the message the province will be the options open to them, including " the right of self-determination. " The alliance said in a statement that "the region handed over by President Massoud Barzani to the delegation of the National Alliance has been very clear, explicit and strong, and touched on all the outstanding issues between Baghdad and Erbil." The statement said "the Kurds have submitted everything they can in order to find real solutions successful to outstanding problems, and to overcome the obstacles that hinder the political process and democracy, and stop the policy of marginalization and exclusion against political partners." ...
  13. CNN. Broadcasting While Being Philosophical - I Drink Therefore I Am ! HOPESWAY: I sent Ocrush some articles this morning (April 6th) including the one you posted to start this thread snowflakes. He was STOKED to see it!!!!!!!!!! This article in this post is from a few days ago and ties into the one above. Deputy for the rule of law: some controversial issues with Kurdistan will be solved and the other will leave for the next parliamentary session News: Baghdad (news) .. The member of a coalition of state law, MP / National Alliance / Kazem Bahadli, that some controversial issues or sticking with the Kurdistan Alliance will be resolved through approval in the House of Representatives, such as oil and gas law, and the other will leave the parliamentary session next. said Bahadli in a statement (of the Agency news) : ... The National Alliance is serious in resolving the Iraqi political situation and calm the current situation of the country, explaining: that a delegation of the National Alliance to Erbil evidence expression and see the national resolve political differences and develop solutions. added: I think the basic problem in the outstanding issues with Kurdistan is the implementation of Article 140, and that this dispute will leave the next session, either issue oil and gas law will by approved in the House of Representatives, stressing that the Kurds of the components of the country and requires consultation with their leaders to resolve outstanding issues in accordance with the Constitution, noting that the visit of a delegation from the National Arbil again depends on the reaction Kurdistan. was a delegation from the National Alliance included the head of the rule of law in the House of Representatives Khalid al-Attiyah and head of the Badr Hadi al-Amiri, Director of the Office of Prime Minister Nuri al-Maliki Tarek Najm, in addition to the President of the political body of the Sadrist movement Karrar al-Khafaji arrived Arbil on Monday to discuss the letter sent by the Kurdish leadership to the National Alliance, in addition to discussing the problems between Baghdad and Erbil, and the possibility of the return of Kurdish deputies and ministers to Baghdad. / end / 7. LINK In conclusion: From snowflakes article with Barzani. He said this: (OCrush) "The head of Iraq's Kurdistan region, Massoud Barzani, told a delegation of the National Alliance, who visited the region recently, he did not enter into any negotiations with them without carrying out the Convention on Arbil." Now if you read the article above (highlights) Barzani is waiting for parliament to vote in gas and oil law and artilcle 140 (convention on Arbil or Erbil). And if you notice this will take place in the next session of parliament. Of course they missed it today so the next session is on Monday (April 8, 2013) this is why this article came out today with Barzani stating he is waiting on the implementation of article 140:)) Now...we don't see it in parliaments agenda for Monday oooooor do we:)) The Antiquities Law which falls under article 109 of the constitution (power sharing) and attached to it is article 140:)) Do you see it? The article above shows they are waiting for parliament to vote on it so it can be implemented. The Barzani will continue with his negotiations ) Cheers:)) Edited by hopesway, Today, 03:00 PM. ARTICLES REFERENCED IN THREAD WITH LINKS: #1 Allawi: National Barzani told the delegation not to enter into negotiations with them without the implementation of the Convention on Arbil LINK #2 Allawi confirms that Barzani told a delegation of the National Alliance that no dialogue without installing national agreements and stop targeting partners LINK #3 Mahama Khalil: Kurdistan message to the delegation of the National Alliance represents the last chance for the government. LINK #4 Othman: The visit of the National Alliance delegation to Erbil is positive. "the province will examine the point of the delegation of the national Alliance in the meeting of leaders of the province, which will take place over the next two days to take a stand against them. LINK #5 A KRG delegate to arrive in U.S tomorrow LINK
  14. For That Rate I Think That We Could All Afford To Chip In For The Cause And Get A Little Blue Pill !
  15. CNN. Broadcasting In Lo-Def On AlbaYada Yada Yada TV ! Ocrush e-mail April 5th - Post By Hopesway don't promote other sites Forum Diane and All, Significant progress coming from the ministry of finance, cbi and US Treasury tech team! Albayati (tv, I think the spelling of it is correct) showed a complete electronic system connected with the world banking and trading system. They showed our stock exchange and some other world exchanges and explained that Iraq is now connected to it. Some high officials were interviewed and they explained how this implentation started earlier this year and the agreements were signed with the US, Iraq and completed recently. If this is true, the stage is set! Since this was in there media, we could see articles on this. Very exciting times and maybe this is another implementation they were waiting for. Progress at its best:) Cheers Everyone:) ...
  16. He's The Cinderella Guru Here At Augusta ..... He Lines It Up ..... Makes His Prediction And ..... IT'S IN THE HOLE ! IT'S IN THE HOLE !
  17. Frank's Site Has Temporarily Been Taken Off The Air By A 3 Letter Gov't Agency ! But Not Because Of Supposed 'Classified' Guru Intel ! The EPA Shut Him Down Because His Painfully Off Key Singing Was Disrupting The Moose's Mating Season !
  18. CNN. Broadcasting While Okie Assumes The Position ! [..okieoilman] GOOD AFTERNOON AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. WELL IT MAY SEEM WE ARE IN THE TWILIGHT ZONE BUT LET ME ASSURE YOU WE ARE NOT. ALL THE DELAY'S THUS FAR CAN BE LAID AT THE FEET OF THE PTB RIGHT HERE IN THE U.S.A.--WE ARE BLESSED TO HAVE GOOD NEIGHBOR'S THAT HAS TAKEN CHARGE TO FACILITATE THE C/E. I HAVE NOT RECEIVED MY AUTHORIZATION TO POST THE POST BUT EXPECT IT ANY MOMENT AS OUR DREAMS ARE BEING FULLFILLED AS I SPEAK. I WOULD REMIND YOU ONCE AGAIN THAT ALL THE FINE FOLK'S THAT HAS BEEN HINGING ON EVERY MINUTE DETAIL OF WHAT IS TRANSPIRING IN IRAQ HAS BEEN OCCUPIED WITH THINGS THAT IS OF NO CONSQUENCE. AS I HAVE STATED MANY TIMES BEFORE WHAT IS GOING ON IN IRAQ WHILE IT IS OF INTEREST AND HAS HISTORICAL VALUE HAS NOTHING TO DO WITH THE C/E. IRAQ SIGNED OFF SEVERAL MONTHS AGO TO THE IMF THE AUTHORITY TO PLACE THE APPROPRIATE VALUE ON THEIR CURRENCY AND ALSO THE TIME TO INITIATE THE VALUE OF THEIR CURRENCY WORLD WIDE. WE ARE NOW AT THE APPROPRIATE TIME FOR THE RELEASE OF THIS PRE-ARRANGED AGREEMENT. SO WE ARE NOT IN THE TWILIGHT ZONE BUT IN THE HEAVENLY LIGHT THAT IS BEING TURNED ON AS I SPEAK. SO--RELAX--ALL IS FINE AND SINCE YOU CAN'T GO TO IT--JUST SIT BACK AND LET IT COME TO YOU---IT WILL--VERY SOON.------BLESSINGS [..okieoilman] BE SATISFIED THAT WE COULD NOT EVER POSSIBLY BE IN A BETTER POSITION THAN WE ARE RIGHT NOW ....
  19. There (Above) Is A Core Sample From Just The Past Couple Of Days On My Keeping Track Of SteveI And His Minion's ! I Appreciate Ur Concerns Over What Effects An Obvious Pumper Like SteveI Might Have - But Don't Underestimate The Collective Knowledge + Resolve Of Ur Fellow Members Here On DV ! Sometimes We Just Have To Give Some Of These Manipulative Gurus A Platform + Enough Rope To Hang Themselves With ! Btw, I'm Not Pessimistic About Our Prospects In The Near Term. Adam Stated That There Is A Window Of Opportunity For The Resolution Of Ch 7 Possibly Later This Month ! So Hang In There Captain And Maybe The Fish Will Be Biting Soon ! - CNN
  20. CNN. Broadcasting While Filling In The Blank With A Blank Story ! Post By Hopesway From Peoples-Dinar - From OCrush April 2nd ( TO RECAP ) Hello Kids:) Everything is moving along nicely. The CoM took care of the amnesty law and they put the final touches to jud. and acc. law. It will be put before parliament tomorrow (april 3) for a vote. Once that is done the parl. will vote on the ant. law and all the other (significant) laws on the agenda. So these are the steps. A: CoM (of 5) ratifies amnesty and acc. laws today. B: Parliament recieves (april 3) amn and acc laws to vote and pass. C: Parliament votes on ant. law and other agenda laws.(april 3). ... D: President of parliament (nujaifi) approves and forwards it to the ministry of justice. E: Ministry of Justice publishes the laws in the gazette to make it official. At the same time they officially release the 2013 budget:) F: The money in the budget is released for use by the respected ministries (they already figured in the allocations). G: Chapter VII release sometime this week. H: Fill in the BLANK:) There was also a significant move on the Japanese loan. Have the members search for it. It was passed yesterday and the money is flawiing:) Great sign. This loan was put together last year but its all about the timing! So CLOSE! Cheers All! Hope this helps:) One more thing. If the amnesty and acc law is postponed till next week to vote in parliament no worries. The CoM has ratified it and this consisted from the 5 members which represent most bloc leaders. As long as the CoM agreed on the changes and they have approved them it will pass in parliament no matter when it takes place. So parliament will feel comfortable to vote on the significant laws so we can move forward:) Cheers All! Mr. Krupp just told me there was a meeting at the UN with the coordinator (representative who over saw the border demarcation with unami) on April 1. The chapter vii release is done. This is why the pm of kuwait wants to visit iraq and says all is completed with our brotherhood in iraq. Cheers The finance committee has formed an independent committee to over look the banking sector. This committee falls under the mesopotamian bank that was put into law in april 2012 and established in December by Talabani. The mesopotamian bank is an independent islamic bank that will control the currency heading in and out of iraq. This bank could also open branches outside of iraq. They will also oversee investments coming into and out of iraq. Big Move! My cousin is very excited! Cheers:)) April 4th UPDATE Hello!!!! What a fiasco...LOL:) Are laws past or not. Last weeks laws that were past are still a no show. The Justice Ministry announced the release but NO gazette has been seen. Not even in the designated areas. I asked my cousin to check the recent holiday law that falls under the ministry of culture for the flag or anthem law. It was passed recently but there was no publication in the gazette. The Justice announced it but where is it the ministry of oil is asking. Let me give you an example: Apple announces the release of the new iphone...so you head to your nearest authorized dealer and find out they don't have it yet:) All this cloak and dagger, I wonder what's up;)) The constitutional law is very specific and someone will pay the piper or they need to act fast:) Cheers to All!! ) The media is on top of this in Iraq. Already public...something is up for the mimistry of justice having to explain this. They even put out a statement they were attacked inside the ministry a few days ago but my cousin heard nothing of that sort. He said if that happened every news outlet would have annouced it not just them. We also have movement with the fedrral council but my cousin does not understand what there role is. I told him a little but would take to much of his time away from work. His work is more important and I thanked him:) Cheers to All!!! ) Hopesway: "Ocrush just sent this to me." ANOTHER TIDBIT ADDED AT BOTTOM April 3, 2013 By SARA HAMDAN LINK Despite Challenges, Banks Look to Set Up Branches in Iraq DUBAI — Iraq is still struggling to overcome an economic legacy of war, insurgency, political rifts and fragile security. For its nascent banking sector, the challenges do not stop there. According to the Web site of the Central Bank of Iraq, the country is served by 7 state-owned banks, 32 private banks and 15 foreign banks. But analysts say that a handful of state-owned banks — and two in particular, Rafidain Bank and Rasheed Bank — dominate 90 percent of the business. “Because the public banks were given the chance to utilize the massive funds of the public sector, private Iraqi banks were naturally sidelined,” said Bassem Khalil al-Salem, executive chairman of Capital Bank of Jordan, which owns 72 percent of National Bank of Iraq, a private bank. “There’s a resulting lack of trust by consumers who fear that private banks could collapse, which presents a huge challenge to the growth of private banks,” Mr. Salem said. In addition, “there’s no level playing field in Iraq because most government agencies and state-owned companies — and employees — are restricted from dealing with private banks, so they only deal with public banks,” said Mouayed Makhlouf, regional director in Dubai for the Middle East and North African operations of the International Finance Corp., the World Bank unit that focuses on the private sector. As a result, he said, “the private sector, consisting of nearly 40 banks, is very small with very little lending activity.” With access to public funds drawn from the oil industry, public banks are well capitalized. Private banks, on the other hand, must fight for deals in the hotly competitive infrastructure, construction and manufacturing sectors. Making a tough environment tougher, the central bank introduced a law two years ago setting a minimum capital requirement for all Iraqi banks of $215 million, to be met by June this year. “There’s a big issue regarding adequacy of capital in small, private banks and with the central bank asking to gradually increase capital, there’s likely to be much consolidation among these banks,” said Tawfiq Tabbaa, a managing partner at the international law firm Eversheds, based in Iraq and Jordan. “Some banks will likely close down. Others will merge together or be acquired by other banks.” Add in high compliance costs for risk management and measures to combat money laundering, and the task of operating a private bank in Iraq could seem daunting. Yet several more foreign banks have expressed interest in entering the market recently, chasing opportunities in project finance in a country that analysts say has untapped potential. Among them is Standard Chartered Bank, which generates 90 percent of its profit and revenue from consumer and wholesale banking services across Asia, Africa and the Middle East. In its latest move, the bank is planning to set up not one, but three new offices in Iraq. Standard Chartered already has a representative office in Erbil, the chief city of the oil-rich Kurdish autonomous region in northern Iraq. To service the expanding Iraqi activities of its clients, it is applying to the Iraqi central bank for licenses to upgrade its Erbil office to full branch status this year and to open a branch in Baghdad, to be followed by a branch in the southern city of Basra in 2014. It also plans to appoint a chief executive in Baghdad to focus on running its Iraqi business. “A lot more of our clients, whether it’s Western multinationals, Korean construction firms or Saudi oil companies, are in advanced stages of going into Iraq, and our move is about following them, not going in for new clients,” Viswanathan Shankar, the bank’s chief executive for Europe, the Middle East, Africa and the Americas, said during an interview in his offices at the Dubai International Financial Center. “Iraq is a virgin market in the region that can’t be ignored because of its rich economy and oil reserves,” said Mr. Makhlouf of the I.F.C. “Government policies, financial regulations and political stability are definitely hurdles, but the strength of the economy and oil revenue to support growth give Iraq the potential to be one of the best places to invest in the region, and private banks see that,” he said. The I.F.C.’s investments in Iraq focus on developing the banking, logistics, telecommunications and hospitality sectors through commitments that reached $500 million from 2011 to 2012. This includes a $70 million loan to help renovate a cement factory operated by an Iraqi subsidiary of the French company Lafarge, to aid the country’s reconstruction. The I.F.C. plans to invest $100 million to $130 million a year in Iraq, depending on the security situation, according to its Web site. “There’s a big increase of Asian companies coming to the market, particularly Korean companies interested in project finance and, as a result, welcoming the involvement of foreign banks,” said Mr. Tabbaa of Eversheds, who is currently processing the legal paperwork for a couple of banks based in Turkey and Abu Dhabi looking to register branches in Iraq and two multinational companies seeking project finance to put together Iraqi programs. “There will be movement into the market, and if Standard Chartered Bank is confident, that’s quite significant,” Mr. Tabbaa said. Korean companies like Hanwha have been active in Iraq. The construction company signed a $7.75 billion deal last May to build 100,000 housing units near Baghdad. With deals like these expected to grow in number and size, banks see plenty of incentive to take on the hurdles, and the risks, of the Iraqi market: The profit of National Bank of Iraq rose sixfold in 2012 alone, noted Mr. Salem, of Capital Bank of Jordan. “We were waiting for clarity on the security issue and we think it’s improving, though not perfect,” said Mr. Shankar, of Standard Chartered Bank. “We have been doing some business in Iraq, enough to build a body of knowledge about what’s going on, that we feel comfortable entering — with eyes wide open.” ANOTHER TIDBIT FROM OCRUSH : More from Ocrush This was agreed back in Jan. 14, 2013 and published Jan. 17th. This is when the EU officially started to help Iraq. The provisions were set in place May, 2012 and trade agreements Aug 1, 2012. It became official Jan 14th. When you read this article you will know what I mean. Also, a few days ago there was talk on initiating the FULL SFA. Great progress. We can see the end to this. If there was no change coming these two extremely important bodies would not have moved forward:)) Parliament backs historic EU partnership agreement with Iraq Plenary Session External relations − 17-01-2013 - 12:23 MEPs backed the EU's first-ever partnership deal with Iraq on Thursday, aimed at helping it complete the transition to democracy, rebuild and normalise relations with the international community. In a separate resolution, MEPs raise concerns about continuing violence and human rights abuses in Iraq and call for a stronger EU presence there. ARTICLE: The Partnership and Cooperation Agreement (PCA) will boost ties in a range of areas, from trade and investment to development. The non-preferential trade agreement, in force provisionally since 1 August 2012, includes basic trade cooperation rules to help Iraq prepare for eventual WTO accession. "The PCA is a symbol of the EU's determination to play an important role in Iraq's transition. We must however match our political ambitions and the strategic stakes involved with the human and financial resources needed," said the rapporteur, Mario Mauro (EPP, IT). READ MORE LINK
  21. Thx Ron For Bringing Over A Post Which Doesn't Exist ! Especially Since SteveI Already Wrote His Final Post Last Week Announcing An April 1st RV !
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