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That is not what that order represents. I hate to be a stick-in-the-mud, but don't let forum facts influence sound judgement. If that was the case, why is it that none of the big banks have iqd on hand? I read it a long time ago and it has nothing to do with investments or the authorization of investing in Iraqi ventures or speculation on their currency. Trust me, I want this to happen just like anyone, but that order is bogus when it comes to investing in Iraq and how.

Edited by dilladoom
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Executive Orders FAQ's

Executive orders are official documents, numbered consecutively, through which the President of the United States manages the operations of the Federal Government.

The text of Executive orders appears in the daily Federal Register as each Executive order is signed by the President and received by the Office of the Federal Register. The text of Executive orders beginning with Executive Order 7316 of March 13, 1936, also appears in the sequential editions of Title 3 of the Code of Federal Regulations (CFR).

NOTE: The total number of Executive orders issued for each administration includes number-and-letter designated orders, such as 9577-A, 9616-A, etc.

http://www.archives.gov/federal-register/executive-orders/about.html

I like the prediction tho

Edited by Elixirbaby
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Executive order 13303 allows foreigners to invest in Iraq, thus the RV must occur on 20(13) the (30)th day of march (3).

This is exactly what was planned. I occaissionally text with Geo. Bush on Twitter and this is what he told me but made me promise not to tell any one until March 23. So yeh the date is 3/30...can't tell you the rate yet though....I promised Geo. I would keep his secret. :goodnews:

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Olive, you obviously like being led by the nose. I appreciate everyone's post and opinion - especially if it educates me. Good or bad. All I was doing was being a friendly person and giving a little of what I know. By the way, I too was in VIP, which is a testament to my belief in this investment. Again, just being neighborly. You are one of the few angry dinarians I have come to encounter. Cheers to you. There's my olive branch. Peace. Oh, on another note.....I have been in this since 2004. I am nowhere near a newbie. Please don't assume. Don't bother responding to this, as I won't indulge you in another. First impressions are funny....they can be the last as well.

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as long as iraq is under chapter 7 ..any funds iraq has in any international banks can be frozen by its debtor nations  until debts are repaid .. so 13033 was established by executive order to protect the dfi funds in new york ..  executive order was expired  in 2008 . and has been  extended for a year at a time ever since  by obama .. its set to expire again  may 22 2013   .. if iraq is out of chapter 7  it wont need to be extended again.

 

the us  told bagdad in february that it didnt want to extend   that  executive order any more  and that iraq should take care of business as soon as possible ..



Executive Order 13303
Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest

http://www.ustreas.gov/offices/enforcement/ofac/legal/eo/13303.pdf

Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.

Read more: http://dinarvets.com/forums/index.php?/topic/41999-executive-order-13303/#ixzz2Omuu9xPO

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Executive Order 13303 of May 22, 2003

Protecting the Development Fund for Iraq and Certain Other

Property in Which Iraq Has an Interest

By the authority vested in me as President by the Constitution and the

laws of the United States of America, including the International Emergency

Economic Powers Act, as amended (50 U.S.C. 1701

 

et seq.) (IEEPA), the

National Emergencies Act (50 U.S.C. 1601

 

et seq.), section 5 of the United

Nations Participation Act, as amended (22 U.S.C. 287c) (UNPA), and section

301 of title 3, United States Code,

I, GEORGE W. BUSH, President of the United States of America, find that

the threat of attachment or other judicial process against the Development

Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein,

and proceeds, obligations, or any financial instruments of any nature whatsoever

arising from or related to the sale or marketing thereof, and interests

therein, obstructs the orderly reconstruction of Iraq, the restoration and

maintenance of peace and security in the country, and the development

of political, administrative, and economic institutions in Iraq. This situation

constitutes an unusual and extraordinary threat to the national security

and foreign policy of the United States and I hereby declare a national

emergency to deal with that threat.

I hereby order:

Section 1.

 

 

Unless licensed or otherwise authorized pursuant to this order,

any attachment, judgment, decree, lien, execution, garnishment, or other

judicial process is prohibited, and shall be deemed null and void, with

respect to the following:

(a) the Development Fund for Iraq, and

( B) all Iraqi petroleum and petroleum products, and interests therein,

and proceeds, obligations, or any financial instruments of any nature whatsoever

arising from or related to the sale or marketing thereof, and interests

therein, in which any foreign country or a national thereof has any interest,

that are in the United States, that hereafter come within the United States,

or that are or hereafter come within the possession or control of United

States persons.

Sec. 2.

 

 

(a) As of the effective date of this order, Executive Order 12722

of August 2, 1990, Executive Order 12724 of August 9, 1990, and Executive

Order 13290 of March 20, 2003, shall not apply to the property and interests

in property described in section 1 of this order.

( B) Nothing in this order is intended to affect the continued effectiveness

of any rules, regulations, orders, licenses or other forms of administrative

action issued, taken, or continued in effect heretofore or hereafter under

Executive Orders 12722, 12724, or 13290, or under the authority of IEEPA

or the UNPA, except as hereafter terminated, modified, or suspended by

the issuing Federal agency and except as provided in section 2(a) of this

order.

Sec. 3.

 

 

For the purposes of this order:

(a) The term ‘‘person’’ means an individual or entity;

( B) The term ‘‘entity’’ means a partnership, association, trust, joint venture,

corporation, group, subgroup, or other organization;

© The term ‘‘United States person’’ means any United States citizen,

permanent resident alien, entity organized under the laws of the United

  States or any jurisdiction within the United States (including foreign

branches), or any person in the United States;

(d) The term

 

‘‘Iraqi petroleum and petroleum products’’ means any petroleum,

petroleum products, or natural gas originating in Iraq, including any

Iraqi-origin oil inventories, wherever located; and

(e) The term

 

‘‘Development Fund for Iraq’’ means the fund established

on or about May 22, 2003, on the books of the Central Bank of Iraq,

by the Administrator of the Coalition Provisional Authority responsible for

the temporary governance of Iraq and all accounts held for the fund or

for the Central Bank of Iraq in the name of the fund.

Sec. 4.

 

 

(a) The Secretary of the Treasury, in consultation with the Secretary

of State and the Secretary of Defense, is hereby authorized to take such

actions, including the promulgation of rules and regulations, and to employ

all powers granted to the President by IEEPA and the UNPA as may be

necessary to carry out the purposes of this order. The Secretary of the

Treasury may redelegate any of these functions to other officers and agencies

of the United States Government. All agencies of the United States Government

are hereby directed to take all appropriate measures within their statutory

authority to carry out the provisions of this order.

( B) Nothing contained in this order shall relieve a person from any requirement

to obtain a license or other authorization in compliance with applicable

laws and regulations.

Sec. 5.

 

 

This order is not intended to, and does not, create any right, benefit,

or privilege, substantive or procedural, enforceable at law or in equity by

a party against the United States, its departments, agencies, entities, officers,

employees, or agents, or any other person.

Sec. 6.

 

 

This order shall be transmitted to the Congress and published in

the

 

Federal Register. 

     

 

 

Edited by dontlop
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anyone see anything  there that says we can buy dinars ?



i have an interest in the development of iraqi oil fields , so i bought  their dinar to increase its value  so they had dollars to invest in thr rebuilding of the oil fields .. lol am i reaching ?



that wont work.. so i guess im relying on iraq to honor its currency at a time when they are looking to the world to   trust them and their financial system with its currency at the top ..

 

i hope they dont say to the people who hold dinars that you have to be incountry with your dinars to exchange them



Posted on 20 March 2013. A member of the Iraqi parliamentary finance committee said the value of the dollar increased against the dinar because some Iraqi banks have stopped converting dinars to dollars and have sold dollars to exchange companies at prices favorable to the banks.

 

Hussein al-Yasiri said some banks have stopped selling dollars to regular customers and instead have been selling them to exchange companies. This has prompted Iraqis to buy dollars from the exchange companies at prices favorable to the companies. The exchanges are not subject to government monitoring

 

so they are making it harder to buy dollars in iraq.

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