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Executive Order 13303 on a 100 day count down...


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The Executive order 13303 extended to in 2011 my President Obama is now in a 100 day count down... May 18 it expires. If not extended no one covered, right. By the way everyone needs to actually read the EO 13303 as it has nothing to about the IQD. It relates to the protection of the development funds and assets of Iraq. Without this EO 13303 every country would have sued Iraq till they had nothing. It is also based around the oil industry. I feel this could be a very unclear area to everyone that owns dinar. Are we really protected??? :mellow:

http://www.presidency.ucsb.edu/ws/index.php?pid=61398#axzz1lcYh1UlX

http://www.presidency.ucsb.edu/executive_orders.php?year=2003&Submit=DISPLAY

Gurus: Tells about the 13303 EO so we know 100% we are protected.

Let's RV

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EO smeee'O

The dinar is currency. So long as what you hold isn't "funny money" we will be trading it just like any other global currency. Apparently, there are banks that allow you to cash in even now with absolutely NO consequence other than exchange fee. I worry enough about the details of Iraq's Ch7 and HCL. Fixating on this when the Gov is fully aware of dinar traders...is only going to make me feel paranoid. If you think the Wall Street marches were bad...wait till DC gets a look at the dinar holders surrounding the White House because undefined legal verbage would not allow an exchange. Newp...not worried in the least.

cool.gif

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this guy is a straight troll haha look at his past posts Dinar buddy you aint foolin anyone bud. Go away!!!

also you never respond back why is that? o thats right because all you do is try to use scare tactics to get people to sell, you are no better than okie the oil man giving false hope every day calling an Rv you are a sick individual.

Edited by easyrider
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The Executive order 13303 extended to in 2011 my President Obama is now in a 100 day count down... May 18 it expires. If not extended no one covered, right. By the way everyone needs to actually read the EO 13303 as it has nothing to about the IQD. It relates to the protection of the development funds and assets of Iraq. Without this EO 13303 every country would have sued Iraq till they had nothing. It is also based around the oil industry. I feel this could be a very unclear area to everyone that owns dinar. Are we really protected??? :mellow:

http://www.presidenc...8#axzz1lcYh1UlX

http://www.presidenc...&Submit=DISPLAY

Gurus: Tells about the 13303 EO so we know 100% we are protected.

Let's RV

that is not in affect anymore not for a long time ....the parts that are have nothing to do with you as a individual

OFAC also is publishing interpretive guidance concerning the scope of section 575.533. The new section 575.419 published today describes the circumstances in which U.S. persons may trade in Iraqi commercial or sovereign debt.

61362 Federal Register/Vol. 68, No. 208/Tuesday, October 28, 2003/Rules and Regulations ............................look it up yourself ......only US persons ....not other countries ....has been in affect for years

13303 only affects non US personal and/or DOD employes

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C—IRAQ

Iraqi Sanctions Regulations (31 C.F.R. Part 576)

An Overview of the Iraq Stabilization and Insurgency Sanctions Regulations

I. INTRODUCTION

In response to Iraq’s invasion of Kuwait on August 2, 1990, the United States imposed comprehensive sanctions, including a trade embargo against Iraq and a freeze of the assets of the then-Iraqi government, which were implemented in the Iraqi Sanctions Regulations, 31 C.F.R. part 575. Over the years, a series of Executive orders adjusted the sanctions in response to events in Iraq. On September 13, 2010, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published final rules removing the Iraqi Sanctions Regulations from 31 C.F.R. chapter V and adding the Iraq Stabilization and Insurgency Sanctions Regulations, 31 C.F.R. part 576 (“ISISR”), in implementation of Executive Order 13303 of May 22, 2003 (“E.O. 13303”), Executive Order 13315 of August 28, 2003 (“E.O. 13315”), Executive Order 13350 of July 29, 2004 (“E.O. 13350”), Executive Order 13364 of November 29, 2004 (“E.O. 13364”), and Executive Order 13438 of July 17, 2007 (“E.O. 13438”). A summary of the provisions of these Executive orders can be found in the Preamble of the final rule promulgating the ISISR (75 Fed. Reg. 55464, September 13, 2010). The ISISR contain all of the current OFAC restrictions involving Iraq and Iraqi property. This brochure summarizes these new regulations.

There currently are no broad-based sanctions in place against Iraq, but there are certain prohibitions and asset freezes against specific individuals and entities associated with the former Saddam Hussein regime, as well as parties determined to have committed, or to pose a significant risk of committing, an act of violence that has the purpose or effect of threatening the peace or stability of Iraq or the Government of Iraq or undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people. The Secretary of the Treasury is authorized to name all such individuals and entities. These names are included in OFAC’s list of Specially Designated Nationals and Blocked Persons (“SDN List”). In addition to these targeted sanctions, the ISISR impose some specific prohibitions designed to protect certain Iraqi property and contain certain provisions dealing with residual restrictions from the 1990 Iraqi sanctions.

II. BLOCKING OF PROPERTY

Persons designated by OFAC pursuant to the Executive Orders related to Iraq are named on OFAC’s SDN List. This list is accessible via OFAC’s Web site at www.treas.gov/offices/enforcement/ofac/sdn/index.shtml. With certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual listed on the SDN List. Entities which a designated party owns (defined as an ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on OFAC’s SDN List.

III. UNBLOCKING OF CERTAIN BLOCKED PROPERTY

The ISISR authorize the unblocking of all remaining property blocked pursuant to Executive Orders 12722 and 12724, which was blocked in response to Iraq’s invasion of Kuwait in August, 1990. OFAC no longer asserts jurisdiction over this property under its sanctions involving Iraq, and, unless blocked pursuant to other authorities, it may now be transferred, paid, exported, withdrawn, or otherwise dealt in by U.S. persons without having to obtain an OFAC license.

IV. EXPORTING TO IRAQ

Unless a transaction involves a party blocked under OFAC’s authorities, no OFAC authorization is needed for exports to Iraq. There may, however, be certain restrictions and licensing requirements administered by other U.S. Government agencies, such as the Department of Commerce.

V. FINANCIAL TRANSACTIONS

11 January 24, 2012 ................ Department of the TreasuryUnless a transaction involves a party blocked under OFAC’s authorities, financial transactions with Iraq are allowed, including the opening of correspondent accounts for Iraqi financial institutions.

VI. IRAQI CULTURAL PROPERTY

The ISISR prohibit the trade in or transfer of ownership or possession of Iraqi cultural property or other items of archeological, historical, cultural, rare scientific, and religious importance that were illegally removed, or for which a reasonable suspicion exists that they were illegally removed, from the Iraq National Museum, the National Library, and other locations in Iraq since August 6, 1990. Questions concerning Iraqi cultural property should be directed to: Cultural Property Office, U.S. Department of State, tel: 202-619- 6612, fax: 202-260-4893, Web site www.exchanges.state.gov/culprop, e-mail culprop@pd.state.gov.

VII. IMMUNITY FROM ATTACHMENT

The President has determined that the threat of attachment or other judicial process against the Central Bank of Iraq, the Development Fund for Iraq, and Iraqi petroleum and petroleum products constitutes an obstacle to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in that country, and the development of political, administrative, and economic institutions in Iraq. Accordingly, absent an authorization from OFAC, any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq or the Development Fund of Iraq, are immune from attachment, judgment, execution, or other judicial process in the United States. Likewise, consistent with United Nations Security Council Resolutions (“UNSCR”) 1483 and 1546, dated May 22, 2003, and June 8, 2004, respectively, Iraqi petroleum and petroleum products and interests are immune from attachment, judgment, execution, or other judicial processes until title passes to the initial purchaser of those products. These immunities from attachment, which are set out in ISISR § 576.206, do not apply with respect to any final judgment arising out of a contractual obligation entered into by the Government of Iraq, including any of its agencies or instrumentalities, after June 30, 2004. In addition, consistent with UNSCR 1483, OFAC may issue specific licenses on a case- by-case basis to authorize the attachment, judgment, decree, lien, execution, garnishment, or other judicial process against property and interests in property protected by § 576.206 to satisfy liability for damages assessed in connection with an ecological accident (including an oil spill) that occurred after May 22, 2003.

VIII. U.S. MILITARY FORCES AND THEIR COALITION PARTNERS IN IRAQ EXEMPT

Property and interests in property that come under the control of U.S. military forces and their coalition partners in Iraq under the command or operational control of the commander of the United States Central Command are authorized or exempt from the blocking provisions in the ISISR.

IX. PENALTIES

Civil penalties of up to $250,000 or twice the amount of the underlying transaction may be imposed administratively against any person who violates, attempts to violate, conspires to violate, or causes a violation of the ISISR. Upon conviction, criminal penalties of up to $1,000,000, or imprisonment for up to 20 years, or both, may be imposed on any person who willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of a violation of the ISISR.

If you have information regarding possible violations of any of the regulations, please call the Treasury Department's Office of Foreign Assets Control at 202/622-2430. Your call will be handled confidentially.

IF THAT DONT HITCH YOUR WAGON ........THEN YOUR HEAD IS ON THE WRONG END laugh.gif

there are no friken sanctions on IRAQ THEY HAVE ALL BEEN LIFTED except for people from the Saddam era.............

There it is in black and white wink.gif

Edited by randalln
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this guy is a straight troll haha look at his past posts Dinar buddy you aint foolin anyone bud. Go away!!!

also you never respond back why is that? o thats right because all you do is try to use scare tactics to get people to sell, you are no better than okie the oil man giving false hope every day calling an Rv you are a sick individual.

Hey Easy, I think Dinar Buddy is not a buddy at all! Whatever the feminine variation of a buddy is what buddy is. Buddess? Buddiette? Anyway, that's the scoop on the street!

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The Executive order 13303 extended to in 2011 my President Obama is now in a 100 day count down... May 18 it expires. If not extended no one covered, right. By the way everyone needs to actually read the EO 13303 as it has nothing to about the IQD. It relates to the protection of the development funds and assets of Iraq. Without this EO 13303 every country would have sued Iraq till they had nothing. It is also based around the oil industry. I feel this could be a very unclear area to everyone that owns dinar. Are we really protected??? :mellow:

http://www.presidency.ucsb.edu/ws/index.php?pid=61398#axzz1lcYh1UlX

http://www.presidency.ucsb.edu/executive_orders.php?year=2003&Submit=DISPLAY

Gurus: Tells about the 13303 EO so we know 100% we are protected.

Let's RV

If the EO doesn't apply to IQD as you say, then what is the purpose of a 100 day countdown? :blink:

Good job contradicting your whole topic. :lol: :lol: :lol: :lol: :lol:

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C—IRAQ

Iraqi Sanctions Regulations (31 C.F.R. Part 576)

An Overview of the Iraq Stabilization and Insurgency Sanctions Regulations

I. INTRODUCTION

In response to Iraq’s invasion of Kuwait on August 2, 1990, the United States imposed comprehensive sanctions, including a trade embargo against Iraq and a freeze of the assets of the then-Iraqi government, which were implemented in the Iraqi Sanctions Regulations, 31 C.F.R. part 575. Over the years, a series of Executive orders adjusted the sanctions in response to events in Iraq. On September 13, 2010, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published final rules removing the Iraqi Sanctions Regulations from 31 C.F.R. chapter V and adding the Iraq Stabilization and Insurgency Sanctions Regulations, 31 C.F.R. part 576 (“ISISR”), in implementation of Executive Order 13303 of May 22, 2003 (“E.O. 13303”), Executive Order 13315 of August 28, 2003 (“E.O. 13315”), Executive Order 13350 of July 29, 2004 (“E.O. 13350”), Executive Order 13364 of November 29, 2004 (“E.O. 13364”), and Executive Order 13438 of July 17, 2007 (“E.O. 13438”). A summary of the provisions of these Executive orders can be found in the Preamble of the final rule promulgating the ISISR (75 Fed. Reg. 55464, September 13, 2010). The ISISR contain all of the current OFAC restrictions involving Iraq and Iraqi property. This brochure summarizes these new regulations.

There currently are no broad-based sanctions in place against Iraq, but there are certain prohibitions and asset freezes against specific individuals and entities associated with the former Saddam Hussein regime, as well as parties determined to have committed, or to pose a significant risk of committing, an act of violence that has the purpose or effect of threatening the peace or stability of Iraq or the Government of Iraq or undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people. The Secretary of the Treasury is authorized to name all such individuals and entities. These names are included in OFAC’s list of Specially Designated Nationals and Blocked Persons (“SDN List”). In addition to these targeted sanctions, the ISISR impose some specific prohibitions designed to protect certain Iraqi property and contain certain provisions dealing with residual restrictions from the 1990 Iraqi sanctions.

II. BLOCKING OF PROPERTY

Persons designated by OFAC pursuant to the Executive Orders related to Iraq are named on OFAC’s SDN List. This list is accessible via OFAC’s Web site at www.treas.gov/offices/enforcement/ofac/sdn/index.shtml. With certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual listed on the SDN List. Entities which a designated party owns (defined as an ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on OFAC’s SDN List.

III. UNBLOCKING OF CERTAIN BLOCKED PROPERTY

The ISISR authorize the unblocking of all remaining property blocked pursuant to Executive Orders 12722 and 12724, which was blocked in response to Iraq’s invasion of Kuwait in August, 1990. OFAC no longer asserts jurisdiction over this property under its sanctions involving Iraq, and, unless blocked pursuant to other authorities, it may now be transferred, paid, exported, withdrawn, or otherwise dealt in by U.S. persons without having to obtain an OFAC license.

IV. EXPORTING TO IRAQ

Unless a transaction involves a party blocked under OFAC’s authorities, no OFAC authorization is needed for exports to Iraq. There may, however, be certain restrictions and licensing requirements administered by other U.S. Government agencies, such as the Department of Commerce.

V. FINANCIAL TRANSACTIONS

11 January 24, 2012 ................ Department of the TreasuryUnless a transaction involves a party blocked under OFAC’s authorities, financial transactions with Iraq are allowed, including the opening of correspondent accounts for Iraqi financial institutions.

VI. IRAQI CULTURAL PROPERTY

The ISISR prohibit the trade in or transfer of ownership or possession of Iraqi cultural property or other items of archeological, historical, cultural, rare scientific, and religious importance that were illegally removed, or for which a reasonable suspicion exists that they were illegally removed, from the Iraq National Museum, the National Library, and other locations in Iraq since August 6, 1990. Questions concerning Iraqi cultural property should be directed to: Cultural Property Office, U.S. Department of State, tel: 202-619- 6612, fax: 202-260-4893, Web site www.exchanges.state.gov/culprop, e-mail culprop@pd.state.gov.

VII. IMMUNITY FROM ATTACHMENT

The President has determined that the threat of attachment or other judicial process against the Central Bank of Iraq, the Development Fund for Iraq, and Iraqi petroleum and petroleum products constitutes an obstacle to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in that country, and the development of political, administrative, and economic institutions in Iraq. Accordingly, absent an authorization from OFAC, any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq or the Development Fund of Iraq, are immune from attachment, judgment, execution, or other judicial process in the United States. Likewise, consistent with United Nations Security Council Resolutions (“UNSCR”) 1483 and 1546, dated May 22, 2003, and June 8, 2004, respectively, Iraqi petroleum and petroleum products and interests are immune from attachment, judgment, execution, or other judicial processes until title passes to the initial purchaser of those products. These immunities from attachment, which are set out in ISISR § 576.206, do not apply with respect to any final judgment arising out of a contractual obligation entered into by the Government of Iraq, including any of its agencies or instrumentalities, after June 30, 2004. In addition, consistent with UNSCR 1483, OFAC may issue specific licenses on a case- by-case basis to authorize the attachment, judgment, decree, lien, execution, garnishment, or other judicial process against property and interests in property protected by § 576.206 to satisfy liability for damages assessed in connection with an ecological accident (including an oil spill) that occurred after May 22, 2003.

VIII. U.S. MILITARY FORCES AND THEIR COALITION PARTNERS IN IRAQ EXEMPT

Property and interests in property that come under the control of U.S. military forces and their coalition partners in Iraq under the command or operational control of the commander of the United States Central Command are authorized or exempt from the blocking provisions in the ISISR.

IX. PENALTIES

Civil penalties of up to $250,000 or twice the amount of the underlying transaction may be imposed administratively against any person who violates, attempts to violate, conspires to violate, or causes a violation of the ISISR. Upon conviction, criminal penalties of up to $1,000,000, or imprisonment for up to 20 years, or both, may be imposed on any person who willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of a violation of the ISISR.

If you have information regarding possible violations of any of the regulations, please call the Treasury Department's Office of Foreign Assets Control at 202/622-2430. Your call will be handled confidentially.

IF THAT DONT HITCH YOUR WAGON ........THEN YOUR HEAD IS ON THE WRONG END laugh.gif

there are no friken sanctions on IRAQ THEY HAVE ALL BEEN LIFTED except for people from the Saddam era.............

There it is in black and white wink.gif

Hay,

Thanks Rand for the clarification!

Appreciate your input.

Quad B)

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The Executive order 13303 extended to in 2011 my President Obama is now in a 100 day count down... May 18 it expires. If not extended no one covered, right. By the way everyone needs to actually read the EO 13303 as it has nothing to about the IQD. It relates to the protection of the development funds and assets of Iraq. Without this EO 13303 every country would have sued Iraq till they had nothing. It is also based around the oil industry. I feel this could be a very unclear area to everyone that owns dinar. Are we really protected??? :mellow:

http://www.presidency.ucsb.edu/ws/index.php?pid=61398#axzz1lcYh1UlX

http://www.presidency.ucsb.edu/executive_orders.php?year=2003&Submit=DISPLAY

Gurus: Tells about the 13303 EO so we know 100% we are protected.

Let's RV

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The Executive order 13303 extended to in 2011 my President Obama is now in a 100 day count down... May 18 it expires. If not extended no one covered, right. By the way everyone needs to actually read the EO 13303 as it has nothing to about the IQD. It relates to the protection of the development funds and assets of Iraq. Without this EO 13303 every country would have sued Iraq till they had nothing. It is also based around the oil industry. I feel this could be a very unclear area to everyone that owns dinar. Are we really protected??? :mellow:

http://www.presidenc...8#axzz1lcYh1UlX

http://www.presidenc...&Submit=DISPLAY

Gurus: Tells about the 13303 EO so we know 100% we are protected.

Let's RV

This is old, old news and full of crap.

Edited by carlablum
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Just browsing this post again. Thought I'd throw out an interesting PDF link if anyone cares to look it over. Specifically relating to dinar traders.

View this particular section of the link as it pertains to the dinar. Search for Sec1:41

www.fincen.gov/sarreviewissue8.pdf

Also, this taken from Gov Travel advisory site and includes a link to additional info at bottom of my copy/paste from this site:

http://travel.state....s/cis_1144.html

SPECIAL CIRCUMSTANCES: Iraqi law prohibits adult Iraqis and foreigners from holding and transporting more than 10,000 United States dollars (USD) in cash out of Iraq. However, adult Iraqi and resident foreigners may hold and transport no more than 200,000 Iraqi dinars to cover travel expenses. Iraqi law also prohibits taking more than 100 grams of gold out of the country. Iraqi customs personnel are taking action to enforce these laws and may pose related questions to travelers during immigration and customs exit procedures. (Civil customs personnel also will verify passport annotations related to any items such as foreign currency, gold jewelry, or merchandise that were declared by passengers upon entry into Iraq on Form-8.) For additional details, please consult the website for the General Commission for Customs (available in English).

More or less, for those who were wondering where to begin a search to ease their troubled minds. The "General Commission for Customs" link will take you to the words of Shabs, himself. Enjoy. B)

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