jolynn

ummm no he is not in Iraq Obama to meet Condoleezza Rice Friday http://www.google.com/hostednews/afp/article/ALeqM5jCXfcERYlBImK7pgvaTu-8TN306w?docId=CNG.bd6bd0d86d63f1a0e61b464e310712d2.f81

BB&M International Corporation Announces Partnership with Warka Bank for Investment and Finance Partnership enables BB&M International to offer interest-bearing offshore bank credit cards Las Vegas, NV (PRWEB) October 13, 2010 BB&M International Corporation, an offshore banking company, is pleased to announce its recent partnership with Warka Bank for Investment and Finance, one of the largest financial institutions in Iraq. BB&M International and its CEO, William Burbank, received the following endorsement from Mohammed Kamal Issa, Managing Director for Foreign Businesses at Warka Bank: “Mr. William Burbank is a VVIP customer of our Bank and has been for the last three years. BB&M International Corporation has operated its AmIraq Fund LP through our bank and is in compliance with all regulations and licenses needed to operate in Iraq. Mr. Burbank holds a seat on the Iraqi stock exchange and is capable of CDS and stock trading as well as Forex trading through the AmIraq Fund LP. We hold Mr. Burbank and his company in the highest regard.” Through the partnership, BB&M International is now able to offer offshore institution-branded Visa and MasterCard credit cards. Issued in Iraqi Dinar or USD, the offshore credit cards can be used to convert to most currencies at the exchange rate set by the CBI (Central Bank of Iraq) that day. Interest bearing Visa or MasterCard accounts are available ranging from 5%-9% APR. “We are very excited to be able to offer our investors this option,” Burbank says. “When it comes to offshore banking, being able to access your funds whenever needed is priceless. BB&M International facilitates this need by now offering interest-bearing offshore bank credit cards. Your card will be issued from Warka Bank in Iraq. These institution-branded high interest offshore credit cards offer payment flexibility and convenience to today's offshore investor.” These accounts earn up to 9% per annum on the 90-day Certificates of Deposit they offer for sale if you hold a current or savings account. The Central Bank of Iraq offers much more with 180-day Treasury Bills, which yield up to 14%. Why the high rate of return? “The Iraqis have made their currency of no value outside their own country, although the paper money does trade in Dubai,” Burbank says. Burbank says now is the time to make investments in Iraq. “People don’t realize that despite the war, Iraq is actually a boomtown for interest rates. There is a very large return on investments in Iraqi Bonds and Treasury Bills.” According to Al Jezerra newswire, there are approximately twelve private banks thriving amid the absence of a government at this time in Iraq. The top four have already sold up to 49% of their stock to western banks in return for modernization like Visa and MasterCard debit cards attached to dinar/dollar accounts. Bank of America owns Trade Bank along with Wells Fargo and four other banks from the U.S. HSBC owns half of Dar Es Sallam Bank. Many banks worldwide are making deals in Iraq. “The only people being left out are the average citizens,” Burbank says. He explains, “The food and stuff needed to carry on an average day in Iraq must be paid for in dollars, which can be borrowed from Trade Bank of Iraq, a U.S.-owned bank that sells letters of credit in dollars for oil futures. The rest must be borrowed by investors brave enough to open an account in Baghdad and reap the profits, which are unmatched in richness in the western world.” About BB&M International Corporation BB&M International (http://www.bbmone.com) is a robust firm focused on international business ventures, primarily in the Middle East. The company’s expertise and tenure in the business law and practices of the Middle East have allowed it to assist many successful investors. Contact: William Burbank BB&M International Corporation (619) 400-9063 bbm(at)onebox(dot)com # # # Share: http://www.prweb.com/releases/offshore/banking/prweb4622164.htm

what I want to understand is why would CBI tell Ali anything about their plans to RV/RI/drop zeros or whatever....I don't buy it...I find it hard to believe Ali has an in with anyone high enough at CBI that could or would definitively tell him about their plans. JMO While I do agree that Friday night broadcast is a panel discussion, it is definitely eluding something is about to happen. They will be discussing the issues, concerns, process, etc....why now after 3 years after the project was started? it seems like they are preparing the citizens for it. I think we will get allot of questions answered about the dropping of the zeros! This week’s episode of Bi Tarikh Al Ghad will tackle the following issues: Is Iraq’s economy prepared for such a change? What is the effect of removing zeros from the currency? Will removing zeros from the currency cause fluctuations in the Iraqi market? Is the project aimed to improve Iraqi payments system? What is the effect of removing zeros on bonds market? How is the process of removing zeros progressing? Will removing zeros add up to the purchase value? What are the gains of such a project? All these questions will be addressed with the following guests: Iraq’s Central Bank advisor Mazhar Mohammed, economist Basem Antoine, economist Majed Al Souri, Baghdad Investment Committee spokesman and economist Thaer Al Fili, Industrial investor Thabet Al Baldawi, Head of Iraqi Businessmen Union Ragheb Rida and a number of Citizens http://www.alsumaria.tv/en/Socio-Political-programs-iraq/139-Bi-Tarikh-Al-Ghad.html GO RV ~ this ride is almost over (I HOPE)!!

NO CLUE!!!!! What is this?????

looks like OLD Sadam dinar to me...see the link http://en.wikipedia.org/wiki/File:IraqP85-250Dinars-AH1415-1995_a.jpg

Thanks for the post Love this line: That brings me to the second policy challenge: we believe it is very important to see more progress by the major emerging economies to more flexible, more market-oriented exchange rate systems. This is particularly important for those countries whose currencies are significantly undervalued. Read more: GO RV!!!

Central bank adviser said the appearance of good Saturday project to delete the three zeroes from the Iraqi currency is designed to reform the management system of currency. He said good in a statement to Radio Tigris, “The currency system the current cost Iraq long years of release cash cheap”, following “The purpose of the strategic project, raise three zeroes from the currency is the legalization of cash trading with the great maintenance of trade transactions and purchasing power of the citizen. وThe appearance of good, saying: Counsel at the Central Bank In a statement to Radio Tigris denied the existence of a surplus in the reserve of the Iraqi Central, according to a report the U.S. Bank Accounting. The good “The money is in reserves and funds disbursed and obligations,” denying that “the surplus according to Helms in the report of the U.S. bank accounting, which he described Balkhati in terms of logical and scientific.” He went to Radio Tigris good by saying: The Government Accountability Office of the U.S. Congress had said earlier there is a surplus exceeding $ 52 billion to Iraq. The Minister of Finance Baqir al-Zubaidi, the numbers given by the Office are divided into $ 40 billion currently exist in Central Bank reserves, which is beyond the disposal of the government, there are 10 billion dollars at the disposal of the government, an amount usually act at the beginning of each fiscal year to avoid problems on the new budget. http://translate.google.com/translate?hl=en&u=http://www.radiodijla.com/cgi-bin/news/news_item.pl%3Fid%3D2010-09-18%252011:56:32&prev=/language_tools&rurl=translate.google.com

This partnership has been in place since late 2008...this is not a new announcement on Warka Site. Sorry I wish it was as ev erything would be lining up nicely but I don't think the "secret" meeting this weekend has anything to do with the RV. 2008 Press Releases American Embassy Welcomes Citi Correspondent Relationship Services for Warka Bank for Investment and Finance December 15, 2008 The U.S. Embassy in Baghdad welcomed the new partnership established between Citibank and Al Warka Bank of Iraq. For the first time, clients of both establishments will now be able to execute cash payments, wire transfers, and trade transactions to both corporate and retail entities in all Iraqi cities and provinces. The alliance is seen as an important step in support of Iraq’s banking sector and the country’s overall economic development. American Ambassador Ryan Crocker extended congratulations to the American and Iraqi institutions on the historic agreement. “This banking alliance is a milestone in Iraq’s efforts to reintegrate itself into today’s global business environment,” he said, adding, “The new partnership will help put into place the conditions necessary to attract more international business to Iraq.” The alliance between Citi and Al Warka Bank is another step in Citi’s participation in the development of Iraq’s financial network. Citi has been involved in Iraq since 2003 and has worked closely with the government and key financial institutions to promote Iraqi business and trade. Paul Galant, CEO of Citi’s Global Transaction Services business, commented, “We are committed to supporting the needs of public-sector institutions, globally and in Iraq, and we look forward to a productive and mutually beneficial relationship in this effort with our partner Al Warka Bank.” Saad Al Bunnia, CEO, Warka Bank for Investment and Finance said: “As an institution that has served Iraq since 1999, we have played a significant role in the reconstruction of the country by participating as a lead financier in many core sectors including power, water, communication and construction. We look forward to unleashing the full force of the partnership with Citi for the benefit of the new Iraq.” http://iraq.usembassy.gov/pr_12152008.html

While I agree forex should come after the UN/CBI site release the info there are no definitive dates of rate changes...I subscribe the US Treasury updates and get them randomly and the UN site also has the following: Warning: The Operational rates of exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates. Generally, the rates are updated monthly, based on market conditions. Adjustments are also made following official government devaluations or revaluations SOOOOO It could be at anytime, not just on the scheduled dates of updates. HOPEFULLY SOON!!!

my brain hurts...I have no clue what this means....i

I do not beleive it was on xe or onada I personally saw it on www.mataf.net www.fxtop.com http://www.taux-de-change.info/en/IQD Iphone also was showing the change...hopes that helps

Im confused on bam bam's post saying look at the address and you will see what kind of business it is....the address sited in the post is the IMF??? see the link below http://www.imf.org/external/np/exr/map/index.htm

I just posted this as a "rumor"...since this is the rumor section of the site...I copied from DDT since I thought it was of noted interest for our investment. I must have accidently cut off the signature section - this is the same post...I am unsure how to delete it and if I really even need to...

DRJ Post: DDT/1D 2/15/10 February 15, 2010

something is not right with this site...I know there was a glitch with this site before...and they said it was a glitch!! I hope it is not right....not the return we were hoping for!