Markinsa Posted February 27, 2014 Report Share Posted February 27, 2014 Najaf get a billion dollars frozen for three years 26/02/2014 05:12 02/26/2014 05:12 I got the local administration in the province of Najaf on a resolution to approve the launch of one billion dollars has been frozen for three years at the Ministry of Finance after the approval of the Iraqi Central Bank to convert the value of the Iraqi dinar amount.The head of the Legal Committee of the Council Hassan Wahid's (IMN) "The provincial council form a special committee to take receipt of the amount of money from the Central Bank of Iraq after the approval of the conversion value of the Iraqi dinar to the dollar."He added that the single "amount of a share of the province of Najaf imports accumulated Najaf airport for the past three years and you get to maintain under $ 10 for every traveler uses Arabic or foreign civilian airport in the province."He continued that "the amount of money and the state received from the Iraqi Central Bank will enter the fund in local revenues, which began its law of the provincial council in earlier to spend on essential needs in the province." 1 Link to comment Share on other sites More sharing options...
sandfly Posted February 27, 2014 Report Share Posted February 27, 2014 THANKS Link to comment Share on other sites More sharing options...
easyrider Posted February 28, 2014 Report Share Posted February 28, 2014 (edited) Finance launches billion dollar share of Najaf airport funds to maintain frozen for three years02/26/2014 16:53:00Najaf / Nina / got the local administration in the province of Najaf, the decision to approve the launch of one billion dollars has been frozen for three years at the Ministry of Finance after the approval of the Iraqi Central Bank to transfer the amount in Iraqi dinars. said Chairman of the Legal Committee of the Council Hussein al-Issawi, a reporter Agency National Iraqi News / Nina /, "The provincial council form a special committee to take receipt of the amount of money from the Central Bank of Iraq after the approval of the conversion value of the dollar to the Iraqi dinar." and added that "the amount of a share of Najaf province of imports accumulated Najaf airport for the past three years and that get under which maintain the $ 10 for every traveler Arabic or foreign uses civilian airport in the province. " and continued that "the amount of money and the state received from the Central Bank of Iraq will enter a fund local revenues, which began its law of the provincial council in earlier to spend on essential needs in the province." . noteworthy that fund local revenues is a new procedure adopted by the Council of the province of Najaf to deposit all imports of local government, with the preparation of an annual plan for disbursement to the slides and projects in need of urgent and emergency cases. / Endhttp://www.ninanews.com/arabic/News_Details.asp?ar95_VQ=GMMDDH Note: this tells me the process has already began the (COM) came out to set a mandate to use IQD only for contracts, projects etc.. at 1166 thats NOT going to work. Now this billion dollar project to be used in IQD. I guess time will tell. Edited February 28, 2014 by easyrider 11 Link to comment Share on other sites More sharing options...
easyrider Posted February 28, 2014 Report Share Posted February 28, 2014 cant believe No one has commented on this. This is HUGE with the recent announcenment of mandate for IQD only use. 3 Link to comment Share on other sites More sharing options...
riseandshine Posted February 28, 2014 Report Share Posted February 28, 2014 I normally just lurk but I was also surprised no one was jumping on this. If legit this I agree is just what we want to see, hello RV Link to comment Share on other sites More sharing options...
sandfly Posted February 28, 2014 Report Share Posted February 28, 2014 THANKS Link to comment Share on other sites More sharing options...
moneysoon Posted February 28, 2014 Report Share Posted February 28, 2014 I agree there have been some nuggets found over the last week! This is good stuff!!!!!! 1 Link to comment Share on other sites More sharing options...
leanonme Posted February 28, 2014 Report Share Posted February 28, 2014 Nice find indeed! This is saying to use the IQD instead of US dollars. Demand is being created with this news. Link to comment Share on other sites More sharing options...
tanalou1 Posted February 28, 2014 Report Share Posted February 28, 2014 I lurk as well, like riesandshine, daily . I would love to hear Adam's thoughts. Link to comment Share on other sites More sharing options...
kennyc Posted February 28, 2014 Report Share Posted February 28, 2014 Giddy up!! Link to comment Share on other sites More sharing options...
Northern Lights Posted February 28, 2014 Report Share Posted February 28, 2014 I'd comment, but I honestly don't understand this enough on own. I rely on many of you other more savvy DV members to sum up these confusing news snips. From what I understand from your comments, this does sound like great news. GO RV 3 Link to comment Share on other sites More sharing options...
genx4me Posted February 28, 2014 Report Share Posted February 28, 2014 Thanks Easy! Link to comment Share on other sites More sharing options...
doctor robbins Posted February 28, 2014 Report Share Posted February 28, 2014 cant believe No one has commented on this. This is HUGE with the recent announcenment of mandate for IQD only use. I think people are just tired of hearing about huge news over and over when the rate never changes. $1 billion isn't going to make much difference. 2 Link to comment Share on other sites More sharing options...
dontlop Posted February 28, 2014 Report Share Posted February 28, 2014 How come the mof can just freeze assets and unfreeze them ? Wonder how much they have in total frozen assets across Iraq If its in "dollars " the frozen assets would not show up in Iraqs money supply it's not issued by the cbi that's in the USA money supply Ya just gotta figure they only converted over 80 billion dollars into dinar over the last 10 years They have as a country taken in over 500 billion in oil revenues And they didn't spend 420 billion of it overseas They show trade surpluses each year since 2005 So how big is the pile of dollars that still remain in Iraq ? On top of the 80 billion in reserves Paying contracts in dinar is good but the govt always paid Salarys in dinar But if contracts are paid in dinar to foreigners then they would have to be accepted by foriegn contractors and converted How do ya pay a corporation a check in Iraqi dinars ? Can they send Bp "British petroleum " a check for a trillion dinars It has been over ten years since the Iraqi dinar was issued by the CPA I don't see a reset coming Reset to what They got to set a new rate based on assets I'm Wondering how far they will take those assets as far as backing up their currency They would have to go all the way and pay any debts with their assets Money isn't assets it's just a representation of assets. Just a piece of paper with an amount of asset that you own on each slip or note It's just a note A message in a bottle Now if money were made out of previous metals then their would be very little money in the world economy Since it's just paper notes their will always be a way to have enough to go around If not just print up some more 1 Link to comment Share on other sites More sharing options...
jeepguy Posted February 28, 2014 Report Share Posted February 28, 2014 thanks for bring news post easy ! most likely { like doc robbins , who is a hottie in photo } we have seen a lot of good articles lately , that it really hasn`t done much for the movement of dinar , although with the bit about all projects to be paid with dinar ,and transaction in dinar is a big step to getting the dinar back to being valuable on the streets of Iraq ! but I will have to say , after a few years of articles that have any thing to do with any member of parliament or any part of the government of Iraq , we are tired of all the pumping and attaboys , the g.o.i anf m.o.p. give each other .... if they were really on top of things they would have { I,m,o, } passed that budget , and passed the h-c-l by now any ways , { with your article , and the few articles I have looked over , every thing at this point in time looks to be -----> started to be complete , or stated to be finished , at or around the time of elections , every one is to the point that maliki is holding up every good deal to make it a bad thing ...... so I will have to hold out on being overly excited , after the 4 -2014 date line ...} not wanting to bash your article easy , just need to see what local person will take over Iraq after elections ........ Link to comment Share on other sites More sharing options...
EagleEye Posted February 28, 2014 Report Share Posted February 28, 2014 Easy I thought it was a good post when I saw it last night, but as you say seemed no one had discussed it at that point...nice find IMO Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted February 28, 2014 Report Share Posted February 28, 2014 I agree there have been some nuggets found over the last week! This is good stuff!!!!!! Absolutely spot on about these "golden" Nuggets of Good Stuff . . . .pretty HUGE NUGGET. I like these nuggets. Butt Nuggets on the other hand, not so much. "SOON" Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 28, 2014 Report Share Posted February 28, 2014 i love our newshounds Link to comment Share on other sites More sharing options...
vomer Posted February 28, 2014 Report Share Posted February 28, 2014 Soon I'll be smoking Don Rafael cigars and not these cheap Muriels. 1 Link to comment Share on other sites More sharing options...
tn vol Posted February 28, 2014 Report Share Posted February 28, 2014 This and the other news articles from the last week do sound encouraging. It's been eight years for me so, I'm cautiously optimistic. Link to comment Share on other sites More sharing options...
Northern Lights Posted February 28, 2014 Report Share Posted February 28, 2014 I don't even know what to feel anymore. Been excited about so many news articles in the past, and I know there has been progress, but it is so very hard to be patient when this is needed so badly. Link to comment Share on other sites More sharing options...
Laid Back Posted February 28, 2014 Report Share Posted February 28, 2014 Just increase the exchange rate. Do it.!!! Link to comment Share on other sites More sharing options...
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