Sweetybird

There's conflicting articles out about the Tariffs, some say June 1, others say June 30 to July1.... What's the possibility that they're waiting on Chapter 7 to be lifted and maybe thought it would be lifted early, prior to July? I don't see how they could impose the Tariffs without a RV, but maybe I'm totally off base. What's your thoughts? I respect your insight. So true, lol...

True, but I think they lost their dignity and respect at the Summit...

Good article K98, as always. Thanks...

Thanks Adam, good chat. This is a great no-hype zone. I like that... And I like that you keep your true identity to yourself, just as I and others do. I can't believe anyone would be so blatant as to question that. I do not want my true identity exposed either. Besides, sometimes it's refreshing to just be ordinary...

Vote on HCL (oil and gas law) in next legislative term Posted: May 8, 2012 in Iraqi Dinar/Politics Tags: Arbil, Baghdad, Baghdad government, Iraq, Iraqi Kurdistan, kurdistan, Kurdistan Regional government, Persian Gulf 05/08/2012 BAGHDAD / JD / .. revealed to the Commission on oil and energy parliamentary submitted a draft law of oil and gas in the Iraqi parliament after the end of the legislative term holiday. A member of the Committee and the National Alliance MP Uday al-Awadi’s / JD /: B’datalh legislative term he entered the Parliament will be put oil and gas law for its own legislation, to resolve the current crisis between the central government and the region add to the problems of many terminate this law and explained, “The problem is escalating between the central government and the Region Kurdistan’s oil back on the lack of clear legislation. “ And between a member of the Commission on oil and energy parliamentary deputy for the National Alliance, “The enactment of the oil and gas represents a clear mechanism in the solution depends upon the outstanding problems between the Baghdad government and the region.” He was a member of the Energy Committee in the previous parliamentary session Hadi al-Hassani, had said in a press statement that all the current differences on oil and gas law will be resolved in the event of an agreement on legislation that supplements the four of the law, stressing that these supplements will explain how to deal with the producing fields and non-producing and undeveloped and undiscovered . Hassani said the 2007 version of the oil and gas law defined oil-producing provinces and therefore there is no any differences on this issue, as it gave the provinces the right to participate in the Federal Council for Oil and Gas. Observers believe that the enactment of the oil and gas in Iraq would end the differences existing between the central government and the Kurdistan Regional Government and the rest of the Iraqi provinces, as it will represent an investment of vast oil wealth in Iraq with an estimated reserves of about 143 billion barrels. Iraq exports crude oil from the ports of Basra and Khor al-Amaya in the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and Iraq currently produces about 2.0005 million barrels of crude oil per day, and the proportion of exports from the Basra oil 90% , while the remaining issue of Kirkuk. The cabinet approved the draft law of oil and gas in 2007 but faced a Kurdish protest, and observers believe it represents the differences between Arbil and Baghdad on oil revenue sharing and control of some fields in northern Iraq and the Kurdistan region. It is noteworthy that the Presidency of Parliament rose, the fortieth session to the fourteenth of June, after a majority vote on the new range for the accountability and justice, consisting of seven people, and to postpone the vote on the dismissal of the Mayor of Baghdad Sabir al-Issawi . http://bit.ly/KJRScu

Maybe now with the added pressure on Maliki with the no confidence vote looming on May 17, he might push the button himself... Sure hope so!

And I second that motion ATHIM... Great post, thanks K98. Lets keep our fingers crossed.

Monday, 07 May / May 2012 21:57 [baghdad - where] Hold the Iraqi National Business Council on Wednesday a seminar discussion in the presence of economic and government spokesman Ali al-Dabbagh. The symposium will address the customs tariff law which is supposed to do in the next month, June, and also the subject of inspection certificates for imported goods. Is hosting the seminar director and director of customs in the Central Agency for Standardization and Quality Control and a representative of the Ministry of Commerce and a number of economic experts. The seminar will be held at six in the evening at the National Business Council in Jadriya near Baghdad University. And the law of customs tariff No. 22 of 2010 has sparked a sensation about the impact a delicious j impact on the economic situation and it was decided to postpone its implementation for a year and then to once again to the end of next June, voted the House of Representatives on November 24 last on the decision to postpone implementation of the law for the time being and allow the Council of Ministers determine the appropriate time to apply, in accordance with the requirements of the economic situation / End http://www.alliraqnews.com/index.php?option=com_content&view=article&id=36780:2012-05-07-19-00-25&catid=37:2011-04-08-17-25-57&Itemid=56

Looks like they did postpone it... National Business Council held a seminar attended by Skinner to discuss the customs tariff law Monday, 07 May / May 2012 21:57 [baghdad - where] Hold the Iraqi National Business Council on Wednesday a seminar discussion in the presence of economic and government spokesman Ali al-Dabbagh. The symposium will address the customs tariff law which is supposed to do in the next month, June, and also the subject of inspection certificates for imported goods. Is hosting the seminar director and director of customs in the Central Agency for Standardization and Quality Control and a representative of the Ministry of Commerce and a number of economic experts. The seminar will be held at six in the evening at the National Business Council in Jadriya near Baghdad University. And the law of customs tariff No. 22 of 2010 has sparked a sensation about the impact a delicious j impact on the economic situation and it was decided to postpone its implementation for a year and then to once again to the end of next June, voted the House of Representatives on November 24 last on the decision to postpone implementation of the law for the time being and allow the Council of Ministers determine the appropriate time to apply, in accordance with the requirements of the economic situation / End http://www.alliraqnews.com/index.php?option=com_content&view=article&id=36780:2012-05-07-19-00-25&catid=37:2011-04-08-17-25-57&Itemid=56

This article is better than the first one I posted. Sorry, but I don't know how to delete the first one. Economic Commission asks Iraq Ministry of Finance to postpone Tariff act due to impact on the poor Posted: May 7, 2012 in Iraqi Dinar/Politics Tags: Council of Representatives of Iraq, Iraq, June, L. Paul Bremer, Law, Politics of Iraq, Tariff, Tariff Act Economic Committee demands to postpone the parliamentary Tariff Act 07/05/2012 14:50 Erbil, May 7 / May (Rn) – The Economic Committee in the Iraqi Council of Representatives Monday asks to postpone the application of the Tariff Act because of its impact on the poor. The Iraqi Finance recently decided to activate the Tariff Act in Iraq as of June next after Tagelin row. A member of the Economic Commission Mayahi Aziz said in a statement distributed electronically to the media that the Iraqi government to stop the application of the Tariff Act and postponed. He said that low-income people will be affected if the law applied. He noted that the law must Ttabekaya after “improve the living situation of the Iraqi people because there will be a significant increase for many commodities.” And the development of the new law discriminatory tariff starts from zero and up to 30%. The new law eliminates the Tariff Act issue by the former governor Paul Bremer and the subject of all goods imported into the discount rate of 5% in taxes. http://bit.ly/c2gPCw

Monday 7 May 2012 Economic calling on the government to postpone the parliamentary work of customs tariff BAGHDAD - and babysit - a student member of the parliamentary economic committee Aziz Sharif Mayahi the government "to stop the customs tariff and postponed until further notice because it will affect low-income people." He said in a press statement that "Iraq is a country rich and does not require tax to the citizen" and called on the government to "stop the customs tariff and postponed until further notice while improving the living situation of the Iraqi people because there will be a significant increase in the prices of many commodities." He explained that "the customs tariff law passed by the House of Representatives and the work will start during the month of June as the law in force in most countries, but Iraq is not possible now, and its need initialized when the situation improves standard of living of the Iraqi people." http://alrayy.com/50006.htm

Without a doubt, a lot of people have made tons of money off the dinar hype; websites that pump it, dealers and traders, the list could go on and on. This investment is not for the faint of heart, but it IS a currency investment, and with that goes a certain amount of risk. If you only invest what you can afford to lose, then you'll be ok. A LOP is just simply one of the risks involved, but it's also not the only thing on the table. There's good things too... like a RV. I've been in this a long time and I intend to see it through, regardless of which way it goes. Nothing ventured, nothing gained. I'm in this by faith, and nothing is moving me...

Shabibi Parliament undertakes to raise the value of the dinar Posted: May 7, 2012 in Iraqi Dinar/Politics Tags: Baghdad, Central bank, Central Bank Iraq, Currency, Iraq, Iraqi dinar, Jordanian dinar, United States dollar 05/07/2012 Baghdad: As promised JD central bank governor and hosted during the day yesterday in the parliamentary Finance Committee raised the value of Iraqi dinar to better than it was before the start Ptzbzbh through the mechanics of solid and secure, the bank announced the auction on the sale of $ 190 million during the auction on Monday. It was the opening of bids for the sale and purchase of dollar daily nineteenth and twenty-two thousand for buying and selling foreign currency at the Central Bank of Iraq day Monday, 7/5/2012, and the number of banks contribute to the auction 16, either the basic price, which landed him selling dinars / USD 1166, while the total amount sold by the Bank at the price advertised (000,153,190). The amount purchased by the bank at the price advertised was zero, and the total purchase offers (USD) (000,153,190) and the bank confirmed that the price of the sale of remittances (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar. The cash sales price (1179) JD / dollar, including the central bank and a commission of $ (13) dinars per dollar. While the quantity sold in cash of $ (12,210,000) dollars and quantity sold amount of remittances (000,943,177) dollars. And the central bank earns a commission of (13) dinars per Dolarma discount (8) JD / dollar amounts for purchased ie, that: – the purchase price of the dollar cash = (sale price of the dollar cash – 8). And the Iraqi Central Bank continues to sell and buy the dollar and the price (1166) and receive the same commissions mentioned above. For its part, showed a member of the parliamentary Finance Committee Najiba Najib’s (JD) Achtdavc that its central bank governor Sinan Shabibi to discuss several files concerning the work of the Bank, including money laundering mechanisms and the reasons for the low exchange rate of the dinar against the dollar, as well as deleting three zeros, and others. And on the value of the dinar Najib stressed that Shabibi pledged to raise the value of the dinar, and again in a short period and across a very solid mechanics, attributed the reasons for minimize and, according to conservative interpretations of the external and internal factors. http://bit.ly/ITs5km

Great article, thanks for posting it. I like this guy too, very down to earth.

My prayers are with you Bamagirl. I will pray for you every night and ask God to bless and keep you safe. I know everyone else here is doing the same. Please let us know how things go; not meaning to pry, just concerned about a friend. Stay strong and keep the faith... healing hugs to you

Finally, someone speaks up with some sense! Just do it already. RV the stuff and it'll be worth something!

I took everybodys advice and called DinarBanker back. They put me through to someone named "John" and I told him exactly what had happened. I was very upfront with him, told him I'd vented my frustration with a large group of investers, and that I didn't plan to use DinarBanker again. He quickly apologized for the way "Chris" had mishandled my call, and asked that I reconsider using them. He said my order is fine and I could probably expect it on Monday. He said they have a new company that's handling the e-checks and it's actually taking longer than if you do a wire or COD order. But it does lock your rate in immediately. He ended the call by assuring me "Chris" would be much nicer in the future... Thank you all for your advice and support... I really do appreciate it. This is a true DV family and I have the highest regard for all of you! Hugs to everyone

Thanks Adam, I will call them and let them know what happened. The guy's name was "Chris," in case anybody else has to deal with him. He actually laughed when I asked if he could tell me when I'd receive the dinar and said, "nooooo," like I was unable to understand what the word NO meant. He may indeed just be a bad seed, but he sure put a blight on the company as far as I'm concerned. Again, thank you for your advice; I will take it and perhaps give them another chance since I've been happy with them in the past.

In case anyone is thinking of using DinarBanker to do a "quick" buy, think again... I have ordered from them numerous times in the past and been very happy with their service. If I ordered on a Monday, I'd receive the dinar on a Thursday every single time. However, that's no longer the case. I ordered from them again on Monday, April 9th, using the e-check method, which supposedly is faster. Not the case! The money was taken out of my bank account that same day, but to date, I have not even received an email as to when I'd receive the dinar! I called this morning to find out why and was told, rather flippantly, that I'd just have to wait, that they were very busy and it could take several more business days. Well, they weren't "too busy" to take the money out of my account... The agent said he couldn't tell me "when" I'd receive it, just that it would take "several more business days and that I'd get a confirmation email when they send it out." I'm sure I'll eventually receive my order, but I'm disappointed in their current service, and especially with their flippant attitude when I voiced my concern. So please be aware of the delays if you decide to use them to order from... I'm looking elsewhere myself...

Yota, What am I missing here ( in red )? Break it down please while I go get my first cup of coffee. lol Thanks for all you do!!!

I agree with you. Shabibi won't do a thing until the power is shared... It's like a stand-off between Maliki and Shabibi right now, with neither one budging an inch. Shabibi cares about the people; Maliki only cares about Maliki...

I like that Randalln, and you're right; we need to listen more and flap our tongues less. I like your posts, and I thank you for sharing what your friend told you. What better intel could we have than from somebody that's over there living it! I put more stock into what she's saying, and you're sharing, than in any of these other bozo's opinions on here!!! You have a good day Randalln...

Why is it every post ends up being an argument??? But if you want to explore this "Kaperoni" article further, it's been posted twice more on here today with different titles by different people. I'm going to enjoy this beautiful Easter weekend. And without arguing...

Link: http://www.uobabylon.edu.iq/uobcoleges/fileshare/articles/%D8%B1%D9%81%D8%B9%20%D8%A7%D9%84%D8%A7%D8%B5%D9%81%D8%A7%D8%B1.pdf Translation... Proposal to raise zeros from the dinar Ala a paper A. M. D. Jawad Kazem al-Bakri Usually financial authorities represented by the MOF or MOTreasury use monetary policy in order to preserve the value of the currency in addition to taking advantage of all the resources available in the lawful economy in order to reach full employment and economic growth. This is done by those authorities using the monetary policies such as spending policy and taxation. The monetary authorities use these two tools to solve the problems such as inflation, unemployment, etc. That is usually called the gap between inflation and deflation that the local economy can be exposed to. In that case the central bank can only be asked to expose the local currency to satisfy the supply and demand. The history of modern economics tells us that many nations in the world such as the countries involved in WW1 and WW2 or most recently the collapse of the Eastern Bloc countries, have taken one of these two measures, either by changing the whole national currency or eliminating zeros from the currencies so that it can go back to its previous stable condition. In the Iraqi experience after the fall of the dictatorial regime, the present authorities have decided to change the Iraqi currency to a new currency. This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc. That condition has made the dinar safe at one dinar equals .067 cents to one dinar which actually gives the impression of the reduction of the purchasing power of the IQD against the dollar recently. If three zeros were lifted from the IQD this means the IQD becomes stronger 1000 times in terms of value. For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1. From a theoretical point of view, when three zeros are lifted from the IQD its buying power will increase drastically so that the dollar will be equivalent to 1.5 dinars only. Therefore, let’s say the merchandise imported from abroad is valued before lifting the zeros at 1.2 million dinars, or $1000; if you lift the three zeros 1200 dinars will equal $1000; therefore, that will not bring any negative impact on the Iraqi citizens. On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical policy, will lead to these positive factors: One, it increases the monetary power of the IQD to buy things. Two, it increases the value of exchange from the dinar to other currencies. Three, it provides more confidence for more foreign investment in the economy. Four, in increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries. Dr. Bakri

Bye, have a safe trip, and God Bless...