evergladeshiker Posted December 28, 2010 Report Share Posted December 28, 2010 I just came across this after doing my DDG.....(daily dinar google)...hope this is not posted somewhere else already here * International Reconstruction Fund Facility for Iraq (IRFFI) and the elusive Dec. 31, 2010 date. December 27th, 2010 01:21 pm · Posted in NEWS New IRFFI projects must start by the end of 2010; project completions and disbursements are to take place no later than December 31, 2013. As of June 30, 2010, 25 IRFFI donors, including the United States, had committed $1.86 billion for Iraq reconstruction. Any funds that are not committed to a specific project by December 31, 2010, will be returned. Why would Iraq want to return any of this money? They wouldn’t. To start a project, one would think that the contractor would want to be paid with RV Dinars and not current Dinars. Thus, RV prior to December 31, 2010 or Iraq may have to pay back over ONE BILLION DOLLARS – and those are U.S. Dollars Go RV 8 1 Link to comment Share on other sites More sharing options...
daniel c Posted December 28, 2010 Report Share Posted December 28, 2010 Any funds that are not committed to a specific project by December 31, 2010, will be returned. this post is interesting.... by 31 dec .. today is 28 dec less then 2 days lets see maliki and shabibi perform magic .. .. pull out the RaVit out from their hat ... oops wrong spelling rabbit 1 Link to comment Share on other sites More sharing options...
inheritance Posted December 28, 2010 Report Share Posted December 28, 2010 You have a link to back it up ???? 4 6 Link to comment Share on other sites More sharing options...
Tricia01 Posted December 28, 2010 Report Share Posted December 28, 2010 I hope your information is right. However, I am just worried about another loop hole. Link to comment Share on other sites More sharing options...
prettybaby Posted December 28, 2010 Report Share Posted December 28, 2010 This was posted yesterday but thanks. Link to comment Share on other sites More sharing options...
Halo9678 Posted December 28, 2010 Report Share Posted December 28, 2010 Any funds that are not committed to a specific project by December 31, 2010, will be returned This does not mean that it will RV. I'd really like it to but I can't see it in this statement. If one were to be calloused about it, they could just develop a bunch of non-starter projects just to tie up the funds. "Yeah, we want to build a hydro-dam in Baghdad" knowing that will never EVER happen but it has achieved the intent of taking funds. Personally, I'd like for Iraq to default on their agreements and the world to hold them accountable by giving them a swift kick in their bank account. I suspect that the world is growing tired of Iraq's wounded victim act and needs to be held accountable. This type of fiscal misconduct must not be tolerated and needs the most mahciavellian recourse possible to ensure that it does not happen again. All the same, I still want to believe in the GOI and I still hope for a speedy RV. Just my 12 Link to comment Share on other sites More sharing options...
bluejay Posted December 28, 2010 Report Share Posted December 28, 2010 Looks promising, but who knows with the Iraqi Government, they seem to always go past all dead lines. Either way great article, Thanks Link to comment Share on other sites More sharing options...
behaviorkat Posted December 28, 2010 Report Share Posted December 28, 2010 Any funds that are not committed to a specific project by December 31, 2010, will be returned This does not mean that it will RV. I'd really like it to but I can't see it in this statement. If one were to be calloused about it, they could just develop a bunch of non-starter projects just to tie up the funds. "Yeah, we want to build a hydro-dam in Baghdad" knowing that will never EVER happen but it has achieved the intent of taking funds. Personally, I'd like for Iraq to default on their agreements and the world to hold them accountable by giving them a swift kick in their bank account. I suspect that the world is growing tired of Iraq's wounded victim act and needs to be held accountable. This type of fiscal misconduct must not be tolerated and needs the most mahciavellian recourse possible to ensure that it does not happen again. All the same, I still want to believe in the GOI and I still hope for a speedy RV. Just my ditto my too! Link to comment Share on other sites More sharing options...
joe-dinar Posted December 28, 2010 Report Share Posted December 28, 2010 This is the rumor forum so no link is required. However this may be it:: http://www.sigir.mil/files/quarterlyreports/July2010/App_D_-_July_2010.pdf Thanks for the post 2 Link to comment Share on other sites More sharing options...
MikeBeeinNYC Posted December 28, 2010 Report Share Posted December 28, 2010 I just came across this after doing my DDG.....(daily dinar google)...hope this is not posted somewhere else already here * International Reconstruction Fund Facility for Iraq (IRFFI) and the elusive Dec. 31, 2010 date. December 27th, 2010 01:21 pm · Posted in NEWS New IRFFI projects must start by the end of 2010; project completions and disbursements are to take place no later than December 31, 2013. As of June 30, 2010, 25 IRFFI donors, including the United States, had committed $1.86 billion for Iraq reconstruction. Any funds that are not committed to a specific project by December 31, 2010, will be returned. Why would Iraq want to return any of this money? They wouldn’t. To start a project, one would think that the contractor would want to be paid with RV Dinars and not current Dinars. Thus, RV prior to December 31, 2010 or Iraq may have to pay back over ONE BILLION DOLLARS – and those are U.S. Dollars Go RV wouldnt the contractors be paid in their respective countries currency and not in iqd?? Link to comment Share on other sites More sharing options...
Popular Post Lakeway Posted December 28, 2010 Popular Post Report Share Posted December 28, 2010 Bla bla blaBla bla blaBla bla blaBla bla blaBla bla bla Bla bla blaBla bla blaBla bla bla and most important Bla bla bla Bla bla blaBla bla bla, is about as useful as any of this supposed (intel.)Bla bla blaBla bla bla! Thanks for such a thoughtful and intelligent post. Are you like an economist or maybe a writer..... Your so impressive! 21 1 Link to comment Share on other sites More sharing options...
NICKS Posted December 28, 2010 Report Share Posted December 28, 2010 Thanks for such a thoughtful and intelligent post. Are you like an economist or maybe a writer..... Your so impressive! Lakeway, your a clown Lakeway, your a clown My mistake, truth1, you are a clown, sorry lakeway Link to comment Share on other sites More sharing options...
hope Posted December 28, 2010 Report Share Posted December 28, 2010 Bla bla blaBla bla blaBla bla blaBla bla blaBla bla bla Bla bla blaBla bla blaBla bla bla and most important Bla bla bla Bla bla blaBla bla bla, is about as useful as any of this supposed (intel.)Bla bla blaBla bla bla! i have notice thats it the newbie with alot to say and nothing to say go do some homework and maybe you will understand this investment a little better truth1 because you just dont make any sense with your bla bla bla so go find your own intel and i hope it is as good as anyones intel so far 3 Link to comment Share on other sites More sharing options...
umbertino Posted December 28, 2010 Report Share Posted December 28, 2010 Quote ......and needs the most mahciavellian recourse .... End Quote Glad you're familiar with my Country Man Niccolò Machiavelli. Link to comment Share on other sites More sharing options...
Maynard57 Posted December 28, 2010 Report Share Posted December 28, 2010 You have a link to back it up ???? I believe that this post was written by a fellow who fashions himself as The Eagle Has Landed and posts on don't promote other sites.com. Maynard Link to comment Share on other sites More sharing options...
Member Posted December 28, 2010 Report Share Posted December 28, 2010 This could possibly be the link too: http://siteresources.worldbank.org/IRFFI/Resources/IRFFITORRevisedOct2007.pdf Link to comment Share on other sites More sharing options...
DarkStarrDinar Posted December 29, 2010 Report Share Posted December 29, 2010 I believe this is at the IMF website. I believe I read this there.I tried to copy and paste the link but wouldn't let me. If I ever figure it out I'll post it. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 29, 2010 Report Share Posted December 29, 2010 wouldnt the contractors be paid in their respective countries currency and not in iqd?? yep...... 1 1 Link to comment Share on other sites More sharing options...
All-In-4-RV Posted December 29, 2010 Report Share Posted December 29, 2010 Tussha! Good find. Link to comment Share on other sites More sharing options...
Prim Posted December 29, 2010 Report Share Posted December 29, 2010 yep...... Keepmw I'm sure that these contractors will need MANY laborers/grunts to assist and they will need to be paid in Dinar....right? 2 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 29, 2010 Report Share Posted December 29, 2010 Keepmw I'm sure that these contractors will need MANY laborers/grunts to assist and they will need to be paid in Dinar....right? I was informed that even the Iraqis/laborers for the contractors get paid in USD...... 3 1 Link to comment Share on other sites More sharing options...
aliveandcare Posted December 29, 2010 Report Share Posted December 29, 2010 I was informed that even the Iraqis/laborers for the contractors get paid in USD...... Hmm, cant figure out why someone gave you a negative rep for that comment???? 1 1 Link to comment Share on other sites More sharing options...
commtrd Posted December 29, 2010 Report Share Posted December 29, 2010 How much is due to the Iraqi government stalling and how much is attributable to the international money players who REALLY control everything in the world financially pulling the strings in the background waiting until everything is all lined up to suit themselves? The question no is or has answered so far... Link to comment Share on other sites More sharing options...
Prim Posted December 29, 2010 Report Share Posted December 29, 2010 Hmm, cant figure out why someone gave you a negative rep for that comment???? Sorry aliveandcare I dont understand what you mean by 'negative rep for that comment????' if it was me you were refurring to I was asking Keepm a question...he has good insight. Link to comment Share on other sites More sharing options...
Nani? Posted December 29, 2010 Report Share Posted December 29, 2010 Bla bla blaBla bla blaBla bla blaBla bla blaBla bla bla Bla bla blaBla bla blaBla bla bla and most important Bla bla bla Bla bla blaBla bla bla, is about as useful as any of this supposed (intel.)Bla bla blaBla bla bla! it would be redundant for me to give you yet another -1 Link to comment Share on other sites More sharing options...
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