5 Articles Pertinent to the IQD Investment in 2013

[phlip]

Regarding: the Deletion of Zeros, the HCL, the Budget and Chapter 7  

“No Deletion of Zeros” from Dinar in 2013

A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because “the ground is not prepared yet”.

MP Majida al-Timimi told AIN:

“The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the Central Bank of Iraq’s new governor.

“[The] committee did not received a letter from the CBI about this proposal or postponing it.“

The MP cited fears of counterfeit dinars, resulting in inflation, as one of the reasons for the delay.

http://www.iraq-businessnews.com/2012/12/19/no-deletion-of-zeros-from-dinar-in-2013/

 

Iraqi Dinar could rise as much as 15%

The General Secretariat of Iraq’s Council of Ministers has ruled out the replacement of the currency or cancellation of three zeros “at this stage”, and it is seeking to raise the value of the dinar against the dollar.

The Secretary General of the Council of Ministers said that the project to replace the currency, dropping the three zeros, was discussed but is not a priority for the government at this time being, and “there is no real problem in this field”.

He noted that replacing currency requires “large adjustments”, and the process of withdrawing the existing money is an enormous and difficult task.

He stressed that some have the mistaken impression that deleting the zeros will “reduce the size of the money in circulation as a block”, but in fact it does not reduce it even by 1 percent, and while the government believes that the change of currency is a good thing under appropriate conditions, it is not a priority.

The Secretary-General said the dinar should be stronger than it is now, and implied that an exchange rate of 1,000 dinars to the dollar — a rise of about 15 percent — might be sustainable.

http://www.iraq-businessnews.com/2013/02/05/iraqi-dinar-could-rise-as-much-as-15/

 

Iraq “has little interest in Oil Law”

A leading Sunni figure has said that Iraq is not likely to pass a Hydrocarbon Law anytime soon, as the government has little interest in pushing a draft through parliament.

Adnan Al-Janabi, a member of the Iraqi-ya Party, and the head of Iraq’s parliamentary Oil and Energy Committee, told Reuters:

 

“It is at the bottom of the government’s list. The centralists of the ruling party have no interest to sustain a federal
policy or pass a federal law … Therefore the government and IOCs (independent oil companies) will continue the risk of working in a legal vacuum.“

A draft for the unified Iraqi Hydrocarbon Law has been under discussion in parliament since 2007, but infighting among the country’s factions has so far thwarted attempts to pass the legislation.

Despite the absence of an oil law, foreign oil companies have signed contracts throughout Iraq. But all involved in the development of Iraq’s energy sector would breathe easier if legal guidelines were in place.

http://www.iraq-businessnews.com/2013/02/13/iraq-has-little-interest-in-oil-law/

 

Iraq “Losing $27m/day” Due to Budget Delay

A member of the Shiite-dominated National alliance coalition told a press conference at the weekend that Iraq is losing almost $27 million per day because delays in agreeing the budget.

Haider Abadi, Chairman of the parliamentary Finance Committee, is reported as insisting that the budget is issued as soon as possible.

Iraq’s budget deficit is expected to fall from the $12 billion that was planned for 2012 to $4 billion at end-2014, as the

country benefits from increased oil proceeds.

http://www.iraq-businessnews.com/2013/02/26/iraq-losing-27mday-due-to-budget-delay/

 

“Chapter Seven” – Foreign Minister Receives United Nations Kobler

Foreign Minister Hoshyar Zebari has met with Mr. Martin Kobler, Representative of the Secretary-General of the United Nations (UNAMI) in Iraq.

During the meeting they discussed the mandate of the UN Mission in Iraq and its role in helping Iraq, and the role of the Mission to assist in the upcoming electoral processes. They also discussed the developments in the political situation and the country’s need for a mechanism to launch national dialogue to address the crisis.

 

They also discussed the ongoing deliberations in the Security Council on ending the mandate of the Special Coordinator on the missing Kuwaitis and property, Iraq’s international obligations and the developments in Iraq-Kuwait relations, especially after the approval of the Kuwaiti parliament recently on the Regulation of navigation and joint management in the Khawr Abdallah.

The meeting was attended by Undersecretary for Policy Planning and bilateral relations, adviser to the Minister, Chairman of the Department of organizations.

http://www.iraq-businessnews.com/tag/chapter-seven/

 

[BETTYBOOP]

Thanks . good to read. I truely think it will all come together at once. I believe we are closer than ever and that it will happen this year.

[bigwave]

I know there will be some comments on this one line:

 

The Secretary-General said the dinar should be stronger than it is now, and implied that an exchange rate of 1,000 dinars to the dollar — a rise of about 15 percent — might be sustainable.

 

Come on RV

[kennyc]

Thanks . good to read. I truely think it will all come together at once. I believe we are closer than ever and that it will happen this year.

 

I think you are RIGHT.

Go RV

[Goldiegirl]

I know there will be some comments on this one line:

 

The Secretary-General said the dinar should be stronger than it is now, and implied that an exchange rate of 1,000 dinars to the dollar — a rise of about 15 percent — might be sustainable.

 

Come on RV

Yes I was going to comment on that line, so I'll just quote you.  This is what we are expecting to see next with the exchange rate.... 1000:1 USD

 

The question becomes when?

[Choppermike]

Once again, smoke and mirrors.  In every Arabic country there is a Communications Official who screens every single word in print or digits before it is released.  Freedom of the Press does not exist in most, if not all, Islamic countries.  They will say what they want to say when they want to say it and they are the masters of direct and misdirect.  I have asked questions of my Arabic pilot cadets and they have informed that even Arabs don't believe anything an Iraqi tells them.  Those who spend countless hours attempting to translate or interpret their articles, is truly wasting your time unless you have an Arabic translator (human type).  I have also been informed that there are several, if not hundreds of words, that have no direct translation to English.

[WISKY291]

Yes I was going to comment on that line, so I'll just quote you.  This is what we are expecting to see next with the exchange rate.... 1000:1 USD

 

The question becomes when?

I hope SOON

[Biker]

Herd all this horse manure last week and aint seen nothing happen, Talk Talk Talk thats all these idiots do, Just like the Obama addmin Blow sunshine up your ass to make ya think there doing something and aint doin diddly.