Wiljor

Not a problem my friend. Their are so many web sites and news sources to sift through it can be mind boggling and I totally agree on your points.

Thank you sir, much appreciated

Thanks Nadita for all that you do. Informative, straight to the point and always a great read. Much appreciated

Understood Markinsa, but in reality which news source or website REALLY is realiable?

CBI Going to Raise Dinar Rate 1 hour ago by Iraq123 News Comments Off The recent visit of IMF delegation during election has its significant importance related to value of Iraqi dinar. The delegation of IMF ensured the value of available reserves at central bank of Iraq. The delegation showed satisfaction for these reserves and gave positive signal to the central bank of Iraq to enhance the rate of Iraqi dinar. The member of parliamentary committee of Iraq said that IMF told them to enhance the rate of dinar. Still the official statement is not given by the central bank of Iraq or the government of Iraq. Hopefully, the statement will be given by central bank of Iraq after general elections of Iraq. We expect some huge and sudden changes in the value of Iraqi dinar immediately after the results of general elections of Iraq. Often people want to know the possible increase in the value of dinar with the context of this statement. As far as my opinion is concern, the value of dinar will rise in pennies rather than in dollars after election because it is not revaluation of dinar. The value of Iraqi dinar increased due to healthier reserves of central bank of Iraq and will impact positively the economy of Iraq. Here is the link for the article http://www.iraqidinar123.com/cbi-going-to-raise-dinar-rate/

Banking sector infrastructure in Iraq prepared for global banks Posted by Iraq News Journal on May 07, 2014 Private Banking Association, revealed that the capital of private banks in Iraq reached 250 billion dinars for each bank, as the banking sector infrastructure ready to receive international banks, there was a “real desire” from Lebanese banks to open branches in Iraq and said the Iraqi banks Association Chairman Adnan Chalabi, on the sidelines in Iraqi-Lebanese Banking Conference held in Beirut on 25-26 April, Iraqi banks “have achieved many accomplishments in the financial industry or economic sector In “, indicating that” during the past three years has made a qualitative leap in the increase of capital and deposits, credit and remittance. “according to the newspaper the range Chalabi said that “despite the successes of those banks are still suffering from a lack of technological development in banking, international banks, including banks that have branches in Iraq to” devote their efforts dramatically to reflect the technological development on the banks of the advancement of technology, “said Chalabi,” the infrastructure of the Iraqi banking sector is poised to receive World Bank work in Iraq to benefit a customer “, adding that” those banks that Add a touch of genuine Iraqi banking sector through the entry of the Iraqi market in trading as a credit and lending and bank wire of various his ways. Chalabi has revealed that “there is a real desire from a number of large banks to open new branches inIraq because the Iraqi market is a good market there may be opportunities where these banks to accelerate their dealings. http://theiraqijournal.com/banking-sector-infrastructure-in-iraq-prepared-for-global-banks/ http://dinarvets.com/forums/index.php?/topic/177268-uab-infrastructure-for-the-banking-sector-in-iraq-ready-to-receive-international-banks/

Sounds like a good shin dig and if they have Margaritas..... Even better.:-)

Thanks Adam, much appreciated.

Thanks Nadita, straight to the point, informative and a enjoyable read. Much appreciated

Thanks K98nights, much appreciated, Irak and the whole region needs the change, and as much as Maliki tries to force his way back in he is constantly being confronted with resistance. Sadly though, I just hope that the corruption and manipulation does not give him another term.

Hey SocialDinar, here is the URL, with pleasure. http://www.stumbleupon.com/su/AOJ4oz/www.iraqidinar123.com/whats-going-to-happen-elections-or-rv/?noapp=1 Also you can GOOGLE Irak123.news

Central Bank Monetary Policy and Iraqi Dinar Value 9 hours ago by Iraq123 News Comments Off The cash reserves of central bank of Iraq are now more than $80 billion and the gold reserves have reached to 90 tons. Central bank of Iraq is fully confident for the monetary policy of Iraq. After looking the positive outcome of monetary policies of central bank, the finance committee of Iraq decided to follow the central bank of Iraq in all the economic and financial matters of the country. Overall growth of Iraqi dinar increased in the country and also outside the geographical boundaries of the country. The World Bank and IMF also appreciated the economic and financial policies of central bank and considered them in the favor of Iraq. The central bank of Iraq convinced World Bank for the continuity of auction sales at CBI. Central bank of Iraq after the meeting with IMF and World Bank, enhanced the dollar auction scope and invited money transfer companies to participate in dollar auction sales under the supervision of central bank of Iraq after signing a third party contract. Many of the banks and financial institutions are taking keen interest in new third party contract and consider it as favorable for economy of Iraq, although many others have different point of view about this decision made by CBI.

Iraq is Looking to Reconstruct The Industrial Sector 6 hours ago by Iraq123 News Comments Off There is no doubt that Iraq worked so hard to achieve its economic goals for last five years. To minimize the dependency of oil and gas from economy, the government of Iraq paid special care and attention towards private and small scale industry of Iraq. The government gave special rebates for those who started new industrial projects in the country and declared some area as free industrial zones for new industrial. These industrial zones are tax free and don’t have to pay single penny in the form of tax to the government of Iraq. In fact it is the major source of employment in the country after oil and gas. The oil industry alone cannot produce jobs for the whole country therefore it was badly needed that this would be enhanced. Looking these investment opportunities, most of the international companies invested in the small scale industry of Iraq. This is first time in the history that international companies made $22 billion dollar investment in non oil sector of Iraq. Iraq is also getting financial help from local banks as well as from World Bank and International Monetary Fund. The industrial sector of Iraq is adding a healthy share in the GDP of country.

Great video Markinsa and thank you. Time is moving at a pace now were we don't even know where it has gone, our lives become more complicated day by day and wasted time is something we can never get back. Smart phones and devices make us just the opposite and we are loosing the ability to connect with people. I am in sales and refuse to give in to technology because it's still the human contact and bonding, making a connection that motivates people. Congratulations Machine on your decision, and all the best to you and your loved ones.

The movement of currency made easier via electronic transfers paves the way for the faster completion of business transactions and makes doing business less tedious. The fact that you can now wire money into and out of Irak means things continue to move forward. Thanks for the post Easyrider, much appreciated

Thanks SnowGlobe, much appreciated.

Thanks SnowGlobe, much appreciated.

Yep agreed :-) copyright and patented

8 billion dollars in oil revenues last March BAGHDAD – Sabah Oil Ministry announced that the exported quantities of crude oil and the revenue for the month of March, according to the statistical final issued by the Iraqi Oil Marketing Company amounted to 74.300000 seventy-four million and three hundred thousand barrels while revenues were 7,507 seven billion five hundred and seven million dollars. spokesman of the Ministry of Oil Assem Jihad said in a press statement: that the quantities exported and the revenue for the month of March last recorded a decline compared to last February, because of repeated targeting exports through the line of Ceyhan – Kirkuk. adding that the exported quantities of crude oil for the month of March last, Tksmt between Basra oil, which reached (73.5) seventy-three million five hundred thousand barrels earnings of $ 7,429 seven billion and four hundred and nine and twenty million Dolarama Kirkuk oil exports amounted to (0.8) eight hundred thousand barrels, which achieved revenues of (74) seventy-four million dollars and added that the average selling price was (101.036) dollars per barrel. between the quantities above were uploaded by the international oil companies that carry different nationalities of (30) oil companies from the ports of Basra and Khor al-Amaya and buoys unilateralism on the Arabian Gulf and Turkish port of Ceyhan on the Mediterranean Sea and the truck by truck to Jordan. noteworthy that The ministry and through faith in informing the people on the export operations and the amounts realized it has taken this procedure monthly to the completed Two Chinese companies operations completions to three new wells, including wells (multiple arms) in the Halfaya oil (35 southeast Maysan) one major fields belonging to the Maysan Oil Company. The general director of Maysan Oil Company Ali Qubool Bahadli that my company Bohai Dagin Amlten according to contracts with the operator of President Halfaya field (Company Petrojayna) have completed recently operations completions to three new wells in the Halfaya field two (Hlvaip -60.65, 76), indicating that the two wells of these wells were drilled technology arms of multinational. investigating drilling technique multiple arms of the wells a significant increase in the amount of oil produced and to reduce the cost of drilling. added Bahadli that the number of wells that have been completed in that field since the implementation of contracts for the licensing rounds, including these wells, amounted to 62 wells In addition to reclaiming 11 wells in the same field. estimated oil reserves of the field about 16 billion barrels of which 4 billion are recoverable at the moment in addition to large quantities of natural gas, has been. http://www.alsabaah.iq/ArticleShow.aspx?ID=69806

Welcome aboard NextYear, you are amongst the finest folks on the net.

Thanks Yota, much appreciated, Definitely uplifting news for sure.

You might be right ezra, if that's the case well here it is.

Looking good, thanks TM I am confident that the final results will be official a lot sooner then we think. It's time for change and it has been publicized in many Iraki publications. The question is how quick can the new leaders begin to put their plan together. Past experience says it will take time but let's see. Maybe, just maybe Irak wishes to emerge on the international scene ASAP. Wonder how Adam feels about the news ;-)

Thanks dontlop, Just thought I would put it out there to re establish for some, what is what.

Good morning, I just wanted to post this or perhaps, re post this, from Wikipedia. We can take the simple explanation set below or we can try and digest all the news events coming from Irak, read between the lines and make assumptions as to why they have not RV'd yet. And all the news, chatter, change of government, guru predictions, alignment of the stars etc... will not make a difference. If it happens we will all be better off. But in the mean time keeping it real makes the journey a enjoyable one. My appreciation goes to all who contribute educative articles, comments, views, stories, videos and much more, I am more aware of what is taking place over there because of you. I am still new here, but I have learned more about a country, their currency, way of life, political arena, and so much more that it would have taken years to gather the same information via other sources. Appreciation takes you a long way, and I sure appreciate being here. Revaluation From Wikipedia, Revaluation means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation. In general terms, revaluation of a currency is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Contrast to "devaluation". For example, suppose a government has set 10 units of its currency equal to one US dollar. To revalue, the government might change the rate to five units per dollar. This would result in that currency being twice as expensive to people buying that currency with U.S. dollars than previously and the US dollar costing half as much to those buying it with foreign currency. Before the Chinese government revalued the yuan, it was pegged to the US dollar. It is now pegged to a basket of world currencies. Today is a great day, because you say it is :-)