Search the Community

Greetings, Here is a Smile for your day: Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary agreement to use more expensive oil from Kuwait, and make Sinochem one of Baghdad's top oil buyers next year, when the company starts its first wholly-owned refinery. I keep reading in my Iraq Business Week points that shine on mid 2014 or before for long awaited moment for RV!!! Sincerely, BradyBear

Greetings, I just saw on NBC evening news that Prime Minster ha asked President Obama for help to clear ou the Terroist. Here's an idea, make the Dinar worth something, then hire western mercenaries and PAY them to clean out the Terroists. No more asking the U.S. to do your dirty work, costing us American Lives and Money! Sinccerely, BradyBear

Greetings, I was reading my Iraqi news today and have good cause to feel the RV will be mid 2014 if not earlier: Thamir Ghadhban (pictured), chairman of the advisory commission to Iraq’s Council of Ministers, has said that he expects a robust return to growth next year as foreign companies push output from the southern oilfields to new records. Output is expected to rise by at least 500,000 barrels per day to an average of 3.5 million bpd, as the Majnoon, Garraf and Halfaya oilfields ramp up, and the Badra field comes on line. Production this year is likely to average more than 3 million bpd, slightly up on 2012, but by the end of the year rates are likely to reach a level of 3.5 million bpd, added the former oil minister. Have a Great Day, BradyBear

Greetings, Dinar Exchange Rate Linked to Oil Exports, Federal Reserves According to an Iraqi financial expert, the value of Iraq’s federal reserves currently amounts to about $80 billion, following the recent increase in the country’s oil exports On how the reserves are formed, Asadi said, “Iraq’s annual budget is in Iraqi dinars, which the CBI owns. The state’s revenues are from oil exports, and they are mostly in US dollars. The government buys dinars from the bank, which results in profits for the bank. … The total CBI profits from selling dinars to the state constitute the country’s federal reserve, whose growth is associated with state spending. State spending increases in proportion with its oil exports With the expected increase in Iraq’s oil exports in the near future, the country’s reserves are likely to grow to a large extent in the coming years. Iraqi MP Abdul Hussein Abtan, who is a member of the parliamentary economic committee, said to Al-Monitor, “The total value of funds and precious metals that make up Iraq’s federal reserves amounts to about $76 billion.” He added, “This reserve was only invested in projects to support the stability of the Iraqi dinar’s exchange rate.” Abtan also talked about the currency auction, where the bank is putting up amounts of US dollars in cash for auction three times per week, to provide hard currency for traders and suppliers. Sincerely, BradyBear

Greetings, Here is yet another good reason we have not had the RV yet. I keep reading logial reasons that Iraq is rebuilding and shall continue to do until they are firmly grounded and up and completely functioning. Prime Minister Nouri al-Maliki says Iraq has signed a $6 billion deal with Swiss company Satarem to build and run southern Iraq’s first new, large-scale refinery in 30 years. The oompany will set up the 150,000 barrel-per-day refinery near Amara, in Missan [Maysan] province, on a 50-year build-own-operate (BOO) contract. Satarem was created in 1992 by Mr.Jérôme Friler and Mr.Adolf Wong, registered in Switzerland and operating across the globe providing solutions for heavy engineering industries. Sincerely, BradyBear

Greetings Adam and Friends, Here is some Positive news for us: Shell has officially inaugurated Iraq's huge Majnoon oil field on Sunday, and said it aims to reach 175,000 barrels a day in the coming weeks. Production from the field's first well started on 20th September, and Hussein al Shahristani, the Iraqi deputy prime minister for energy, said in Dubai that output is expected to rise to almost 200,000 barrels a day before the end of the year. Shell owns 45 percent of the venture, with Petronas owning 30 percent, and the Iraqi state holding 25 percent. They have pledged to eventually raise production to 1.8 million barrels a day. Have a Great day, BradyBear

Simply Marvellous. We shall see what happens. http://news.uscourts.gov/judiciary-remain-open-if-government-shuts-down uscourts.gov THIRD BRANCH NEWS uscourts.gov | court locator | news Judiciary to Remain Open If Government Shuts Down In the event of a government shutdown on October 1, 2013, the federal Judiciary will remain open for business for approximately 10 business days. On or around October 15, 2013, the Judiciary will reassess its situation and provide further guidance. All proceedings and deadlines remain in effect as scheduled, unless otherwise advised. Case Management/Electronic Case Files (CM/ECF) will remain in operation for the electronic filing of documents with courts.

Sorry for the headlines guys but I felt the need to get your attention. Even though Iraq is expected to be released from Chapter VII via a UN vote due to take place (11am USA time and 7pm Iraq time) on the 27/06/2013. Keep in mind that we might not see a revaluation of the Iraqi Dinar until July when the new currency is released.

I always hear people saying Dinar and Dong going to revalue together or tomorrow or whatever. I never understood why people believe this? I know the Dong is somewhat linked to the Chinese Yuan in their movements and maybe even Japanese as well but it doesn't seem Iraq and Vietnam are linked in any way. The only common thread seems to be people like us on this forum who buy dinar tend to buy dong and vice versa. I don't get why people think they will RV together, they are two completely different currencies and two completely different countries that really have nothing in common and aren't tied together in any way. The only possible explaination I can see which I don't believe in woudl be the type of people who say there's some new world order trying to get rich or something but aside from some conspiracy theory I don't see how these two currencies are in any way tied together or would revalue at the same time.

Why are we waiting on the Iraqi Dinar to RV before any other currency RV's? Why can't the Dong or any other currency RV first? What makes the Dinar so important?

Living in an RV Full-Time: What You Need to Know Thinking about living the life of a nomad? Want to brave the open road in an RV? There’s a lot to love about throwing caution to the wind and exploring the world on wheels, but it’s not without its own set of complications. Before you put your house up for sale and pawn off all your worldly possessions for a mobile existence, take this guide to living in an RV into consideration. (See also: How to Travel Full-Time for $17,000 a Year (or Less!)) 1. An RV May Not Be Cheaper Than Traditional Housing Think the only costs you’ll incur living in an RV is the monthly loan payment and gas? Think again. While RV living can be less expensive than a home mortgage and the regular maintenance costs that are associated with home ownership overall, there are plenty of other costs to consider. In addition to the loan payment (unless you have the cash to buy it outright) and fuel (gas ain’t cheap these days, y’all), you’ll need to pay for insurance, site rentals if you plan to stay in an RV park (which can run $300 to $500 a month), propane and electricity (which are available at RV rental sites for an additional fee), and maintenance. Considering these costs, you’ll still be paying about the same per month as you would living in a small apartment. 2. The RV Will Require Much More Gas Than a Car Many factors play into the amount of fuel consumed by an RV — the weight of the vehicle, engine size, fuel, driving habits — but even the most frugally minded RVers can expect to pay a pretty penny keeping the RV running. Smaller RVs get about 10-15 mpg while larger RVs come in at about 6-13 mpg. Most regular RVs hold between 40 and 85 gallons of gas (depending its class), which translates to between $148.12 and $314.75 per tank, based on the current average regular unleaded gas price of $3.70. 3. RV Insurance Is Not Regular Auto Insurance Because you’ll being using your RV as a mobile home, insurance considerations are different than those associated with a regular vehicle. A specialized policy may require you to cover things like total loss replacement, replacement cost of personal belongings, full-timer liability, campsite liability, emergency expenses, medium-duty tow trucks, all of which will rack up that insurance bill quickly. 4. Can You Live Without Wi-Fi and Phone Service? While many modern RV parks and campsites have Internet access on-site, Wi-Fi may not be an option. And if you’re in a remote area, you can probably forget about cell phone service, too. You’ll be able to get online from time to time, but it may be days or even weeks between access availability. So you have to ask yourself, can you live a life without being connected 24/7? Something to ponder before embarking. 5. Where Does the Mail Carrier Deliver Your Mail? If you’re not staying in one place for more than a couple weeks, how will you get your mail? You can give your personal contacts the address of the park in which you’re staying if you plan to stay in a park, but it’s not feasible to expect your bills and other important mail to arrive at each of your destinations. Thus you’ll have to cancel most of your mail and set up online bill pay so you don’t get behind on payments because you didn’t receive them. Out of sight, out of mind is an easy way to forget about your obligations, but it’ll catch up with you in a bad way eventually. 6. You Have to Drain the Sewage Yourself One of the great things about RV traveling is that the vehicle is self-contained. You can make meals in it, you can sleep comfortably in it, and you can do your 1s and 2s in it without having to pull into a rest stop or fast-food joint. Your 1s and 2s have to go somewhere though, and that somewhere is in a septic tank attached to the underside of the vehicle that will need to be emptied — and that can get messy. If you’ve got a weak stomach, definitely think hard about this necessary evil. 7. Can You Manage All the Other Stuff, Too? RV living isn’t just driving from one location to the next, parking, and propping your feet up in nomadic bliss. There are lots of little things to remember, such as checking the battery water level monthly, lowering one corner of your awning to permit easier draining when there’s precipitation, and stocking up on rectangle storage boxes so you make efficient use of limited space. Once you arrive at the RV park, there's lots more to do, starting at the front office (requesting park maps, asking about discounts, and inquiring about Internet service), and then locating your RV space and setting up, which includes deploying decks and other heavy external features of the RV, connecting electricity, turning on water pumps, and raising roof-mounted accessories, among a host of other duties. 8. You’ll Need to Earn Money Unless you’re embarking on your RV existence with a bank account full of money, you’ll need to work along the way, so you can ensure that there’s a consistent cash flow in case of emergencies, which, in an RV, can be quite costly. If you have the luxury of working remotely in your normal life, that’s still an option while living in an RV, but chances are you’ll need at least somewhat consistent Internet access. Otherwise you’ll have to find new ways to make money — helping out at the RV park, finding odd jobs on Craigslist, and other one-off projects — to bring in dough on the regular. http://www.wisebread.com/living-in-an-rv-full-time-what-you-need-to-know

I have been searching but I cannot seem to find the auction results for today. Kinda unusual isn't it? If someone can find them then please attach the link

Hope this REALLY means what it seems to be saying. "Iraq, Kuwait agree to shut down all outstanding issues in order to remove Iraq from Chapter VII; Technical issues will remain Posted: February 27, 2013 in Iraqi Dinar/Politics Tags: Ali Salman, Chapter VII, Chapter VII of the United Nations Charter, Foreign minister, Hoshyar Zebari, Iraq, kuwait, Kuwaiti Screen Shot 2013-02-27 at 7.53.34 AMZebari: paragraphs side Kuwait Tbkien Iraq under Chapter VII Ali Salman – 02.27.2013 – 12:19 Foreign Minister Hoshyar Zebari said Iraq would emerge completely from Chapter VII “except paragraphs relating to the Kuwaiti side.” He said in his speech, in the celebration of the Kuwaiti Embassy to mark 52 for Holiday Kuwaiti national at the Rashid Hotel yesterday, to the signing of several important agreements where the interests of the two countries in all fields, and stressed that “we are here to celebrate with the brothers Kuwaitis بعيدهم national who has a special flavor after the process of change that took place in Iraq. “ He stressed that today will conduct the first flight between the two countries, because this is the new Iraq, which differs from Iraq dictatorship. For his part, the Kuwaiti Ambassador to the insured “The two sides have agreed Kuwait and Iraq to shut down all the outstanding issues between them in order to remove Iraq from Chapter VII, and stayed there the technical measures that take some time” .."