Chapter Seven and Sanctions

[rags2riches4life]

Speaking today in London at an event organised by the Iraqi British Business Council (IBBC), Chairman Uzri said that his country was "rife with investment opportunities" and that Iraq is "entering a new era of economic and political stability."

At a summit held in the Lord Mayor of London's Mansion House residence, he explained to over 120 British commercial delegates that the Iraqi market should be viewed as particularly appealing to investors at a time when profitable overseas opportunities are becoming harder to find and develop.

"Iraq's combination of strong economic growth and increasing stability and security make it an excellent and viable proposition for investment", he added.

Chairman Uzri is confident of Iraq's prospects and pointed out that the country has emerged from war and that the British troops had withdrawn without needing to be replaced.

He said: "But I have to be pragmatic and say that, while the journey is not yet over, civilian causalities due to violence have dropped to their lowest level since 2003, so we are well within sight of where we want to be. Early movers and investors will clearly have a great advantage."

Baroness Nicholson, Chairman of the IBBC said, "With support at the highest levels of both the Iraqi and British Governments, as well as from key financial institutions in the City of London and worldwide, IBBC and TBI will be able to contribute to the growing strength of Iraq's financial and professional services sectors, thereby building a stable future for Iraq and its people."

There are many economic success stories in Iraq to date:

The Central Bank of Iraq (CBI) has maintained an effective and conservative monetary policy. The dinar has remained remarkably stable and is likely to continue to do so, as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011. The core inflation rate, as per released data by the CBI, rose to 5.5% in February 2011, which fares well against the MENA average.

Increased oil prices coupled with boosted oil production has lead to higher revenues. The Ministry of Oil announced that monthly oil revenues increased by 43 per cent year on year on the back of higher oil prices and production increases from the 11 International Oil Company (IOC) deals signed in 2009; three of these major oil fields are already surpassing their oil production targets for 2011.

Wheat production almost doubled in 2009, and check points throughout the country have been eased. Furthermore, measures have been introduced to aid foreign investment, such as new courts to protect foreign investors, reforms in arbitration, the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO.

http://www.tbiraq.com/en/news-and-achievements/news/2011/iraq_day_press_release/

[N2DEEP]

RV RV

RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[powerpager]

Lets All Hope !!!

[GinaG]

Thank you, thank you, thank you! Lets rv!

[brbrlocke]

Dang....I hope that's the truth, the whole truth and nothing but the truth.....

[lakeliving]

The dinar has remained remarkably stable and is likely to continue to do so, as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011.

http://www.tbiraq.com/en/news-and-achievements/news/2011/iraq_day_press_release/

What??? I don't think I like the way that sounds...what does that mean?

[DinarProwler]

It might just be a Happy Holiday Season for all of us!! One can only hope.......

[dhardage]

What??? I don't think I like the way that sounds...what does that mean?

I agree.

[capt.cliff]

not sure I like this statement

The Central Bank of Iraq (CBI) has maintained an effective and conservative monetary policy. The dinar has remained remarkably stable and is likely to continue to do so, as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011. then again that was back in Feb but does raise some concerns

[Elixirbaby]

Rock on.

Go RV

[caughtinthecrossfire]

I am just a little confused on the articles release date. I copy/pasted from the article's link posted above.

The top of the article page was current yet directly under the heading is stated a much earlier date in this year. So, is this an older article prematurely stating the lifting of sanctions or is it a current and accurate statement. Just tired, I suppose, or this might have made me much more excited. Sorry, folks. Not trying to be a downer. Maybe still hung over a bit from keeping up with everybody's drink orders on the posts the other day.

Sunday, June 05, 2011

BANK SAYS IRAQ IS “RIFE” WITH OPPORTUNITIES FOR INVESTMENT

Press Release

24 May 2011 Iraq presents international business leaders with an opportunity for huge early mover advantage, according to the Chairman of the Trade Bank of Iraq (TBI), Hussein Al-Uzri. (the main body of the article was posted under this insert.)

Also, will mention that if this was actually a reposted article that comments on the "fair value"...the slew of investors and other progress might well effect that particular assesment in terms of the dinar being under it's current "fair value". Ok, floors open, and again, ty all.

[awayfromthesun]

LETS ROLL BABY!!!!!!!!!!!!!!!!!!!!!!!!!!

[Markinsa]

Furthermore, measures have been introduced to aid foreign investment, such as new courts to protect foreign investors, reforms in arbitration, the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO.

http://www.tbiraq.co..._press_release/

This press release is from "May 2011". The last statement says "measures have been introduced" meaning its an ongoing process, which means the Sanctions haven't been lifted. At least that's the way I read it.

-

[lakeliving]

Furthermore, measures have been introduced to aid foreign investment, such as new courts to protect foreign investors, reforms in arbitration, the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO.

http://www.tbiraq.com/en/news-and-achievements/news/2011/iraq_day_press_release/

I hate trying to make sense out of these articles. When I first read it, I thought it might have been-

Furthermore, measures have been introduced to: aid foreign investment, such as new courts to protect foreign investors, reforms in arbitration, the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO.

Meaning they are taking measures to aid in all the following.

[caughtinthecrossfire]

This press release is from "May 2011". The last statement says "measures have been introduced" meaning its an ongoing process, which means the Sanctions haven't been lifted. At least that's the way I read it.

-

I guess I was looking at the article as completely out of date since they mentioned quite proudly that "British troops had withdrawn" but failed to even comment on U.S. withdrawal. Yeah, I get that it's a meeting with European investors, however, you'd think that American withdrawal would have been used to validate progress to an even more appealing degree? The sanctions interpretation I certainly thought would draw MUCH more of a flood of info...and ty, Karkinsa, love your posts/help.

[TonyDownTheShore]

the lifting of the last of the UN Chapter Seven sanctions and collaboration with the WTO.

I like the sound of that.

[Moto144]

This press release is from "May 2011". The last statement says "measures have been introduced" meaning its an ongoing process, which means the Sanctions haven't been lifted. At least that's the way I read it.

-

Agreed.

[thatoneguy]

Good catch, Markinsa! Whole different angle to look at with a date like that. Just more fluff. Good fluff, mind you. And we wait... Chao.

[Danneedsrvnow]

This press release is from "May 2011". The last statement says "measures have been introduced" meaning its an ongoing process, which means the Sanctions haven't been lifted. At least that's the way I read it.

-

You are correct

[TimS]

as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011

if it's current rate is a fair value....we're screwed

[easyrider]

as attested recently by the IMF, which stated that the Iraqi dinar was close to fair value at the beginning of 2011

if it's current rate is a fair value....we're screwed

haha the dinar at fair value right now bunch of BS they wouldnt dare try to trade internatonally with a rate like that and how much wealth they have and are going to have. Plus this is old news anyhow from may.

[randalln]

I am just a little confused on the articles release date. I copy/pasted from the article's link posted above.

The top of the article page was current yet directly under the heading is stated a much earlier date in this year. So, is this an older article prematurely stating the lifting of sanctions or is it a current and accurate statement. Just tired, I suppose, or this might have made me much more excited. Sorry, folks. Not trying to be a downer. Maybe still hung over a bit from keeping up with everybody's drink orders on the posts the other day.

Sunday, June 05, 2011

BANK SAYS IRAQ IS “RIFE” WITH OPPORTUNITIES FOR INVESTMENT

Press Release

24 May 2011 Iraq presents international business leaders with an opportunity for huge early mover advantage, according to the Chairman of the Trade Bank of Iraq (TBI), Hussein Al-Uzri. (the main body of the article was posted under this insert.)

Also, will mention that if this was actually a reposted article that comments on the "fair value"...the slew of investors and other progress might well effect that particular assesment in terms of the dinar being under it's current "fair value". Ok, floors open, and again, ty all.

Not to worry ! this has been going on for a wail .The TBI would not mislead the public in early 2011 so the trumped up a lie that TBI was using unlawful practices to bring them in LINE.Because they where not ready this is a major shift in the world economy .But we are there in the next few weeks (now you will see movement).The rate has been a big problem they have been testing the market with all the misdirection to see what the world would jump on (we the dinar investors where the test subjects) (deniable Plausibility ).just incase something went wrong and it did (Arab Spring)they did not want to agree to a set return.

[randalln]

haha the dinar at fair value right now bunch of BS they wouldnt dare try to trade internatonally with a rate like that and how much wealth they have and are going to have. Plus this is old news anyhow from may.

Your a smart man Easy ..........and you are correct .....remember what WE see is not what it has been trading at (Between countries )

[Carrello]

Thanks for the post. No wonder the sale of aspirin is up.

[quadkidd1]

Ok, from the begining of 2011 till now (late in the year ) a LOT of positive things have happened for Iraq.. Right .

So lets all look at the positive side now.

Go RV

Quad