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Is the holiday over?
I was under the impression that it lasted 30 days.
?????????
Islamic Year 1428 H. (2007-2008)Holidays.
From Huda,
Your Guide to Islam.
FREE Newsletter. Sign Up Now!
Dates and Upcoming Holidays
Please Note:
Although calendars are printed for planning purposes, they are based on estimates of the visibility of the lunar crescent, and the Islamic month may actually start 1-2 days earlier or later than predicted.
Important Dates:
Hijrah New Year (20 January 2007)
Ramadan begins (13 September 2007)
Eid Al-Fitr (13 October 2007)
Hajj begins (18 December 2007)
Eid Al-Adha (20 December 2007)
Islamic New Year 1429 H. (10 January 2008)
Scroll down for a table listing the beginning and ending dates of all Islamic months according to the 2007-2008 Gregorian calendar.
Islamic Month Gregorian Dates
Muharram January 20 - February 18, 2007
Safar February 19 - March 19, 2007
Rabia Awal March 20 - April 17, 2007
Rabia Thani April 18 - May 17, 2007
Jumaada Awal May 18 - June 15, 2007
Jumaada Thani June 16 - July 14, 2007
Rajab July 15 - August 13, 2007
Sha'ban August 14 - September 12, 2007
Ramadan September 13 - October 12, 2007
Shawwal October 13 - November 10, 2007
Dhul-Qi'dah November 11 - December 10, 2007
Dhul-Hijjah December 11, 2007 - January 9, 2008
http://islam.about.com/cs/calendar/a/hijrah_calendar_3.htm
Perfect timeing on this.
I was at Wells Fargo today and inquired about there Safe deposit boxes, a 3x5 goes for $30 a year. Should be about the same at all location. The larger boxes are more difficult to come by. There mostly rented out already, but you can always get more than one 3x5, or a few 2x5's.
Trav.
Bout time, you've only had the link for about a month now. :P
Nice to see ya.
Trav.
Okay, just got off phone with Ali @ DinarTrade.
He will beat any price out there for Dinars, that includes the Coupon from GID that some are getting VIA Email.
He has the 5's, 10's and 25's ready to ship and can be at your door in 24 hours anywhere in the U.S.A.
Call him direct @ 1 877-770-7660
OR Email @ www.DinarTrade.com
Trav.
No $40 off coupon sent to me.
And I ordered with GID twice. I go with Ali @ Dinar Trade now, and am allot happier with them, although GID really didn't do anything wrong, they offered a very good service. But the packaging, professionalism, and time to receive said allot for Dinar Trade and Ali.
Trav.
Definitly makes you think more long the lines of weeks, and not a few months or longer. Anyone returning back the Iraq could not sit arround and wait months or longer to rebuild there lives. They would need funds to survive on now. A home, education, transpertation, medical, food, .... adds up quick. If it any and reval'd at even 10/1 (low ball) they would be set for a few months. After a couple/few months hopefully it would be up there closer to the 5/1 or higher 1/1. Give the country some time to adapt to the higher rate.
Just thinking out loud.
Trav.
Wolfowitz Takes Action to Gear Up World Bank For Iraq
http://www.whistleblower.org/content/press_detail.cfm?press_id=773 Dated 2/16, just released today via Dinar Trade.
http://www.dinartrade.com/latestnews.htm
I've been looking for the 7th.
I dont think I have that one, if I did its still lost somewhere in the garage. Were still unpacking some boxes from a move, and it might just be in one somewhere. So as far as I know, I just have the 6. But I know I have the old DOS books as well somewhere here.
Between working on the deck, and trying to get in to see Ghost Rider this weekend, I'll find them. lol.
Trav.
PS, I could just drive over to MSN, there only 2 miles away. And we kept stuff arround that is rarely ever seen anymore. Alot of us would read through the old tech books just to see how things use to work. You never know when someone is going to ask you something about the good old days, right out of the blue.
Not just yet, lol.
OT/ Micro_Stocks, Take a look at this history site.
http://www.computerhope.com/history/19902000.htm
It'll take you all the way back to before the abacus.
I know, it doesnt have anything to do with the DINAR, but it is a weekend.
Trav.
I have 6 disk. The paper cover says 1 - 6 of six.
I havent had a 5 1/4 since ... lol.... Long time.
Maybe a seventh was added later?
Trav.
Ex. MSN/TS Thanks, Bill, Paul, Dave, Claw (Joe), Jody, Ric, ... .. Good Times.
Officials To Meet Sat In Jordan On Iraq Oil Law
AMMAN -(Dow Jones)- Former Iraqi oil officials and well-known oil experts and economists will hold a one-day seminar Saturday in Amman, Jordan, to discuss Iraq's controversial hydrocarbon law, an organizer said Friday.
"Some of the articles in the law need either to be amended or explained in a manner that would serve the interest of the Iraqi people before submitting it to the government and the parliament for approval," he said.
"The meeting has no political agenda and it is held under no one's umbrella," he said, adding that it would discuss and review the draft law on a professional and technical manner.
The seminar would be attended by more than 50 former Iraqi officials who are experts on oil, economy and law, he added.
In Baghdad, an Iraqi oil official, close to the committee entrusted with the law said that the draft document should be submitted to the government and parliament very soon.
"The current security plan in Baghdad, which is being implemented by Iraqi and U.S. forces, has forced parties who have disputes on the law to put their differences apart and agree on speeding up the approval of the law," the oil official in Baghdad said.
Senior Iraqi officials called off a key seminar, planned for Feb. 10 in Baghdad, at which they were to announce the completion of the draft law.
http://dinartrade.com/108.htm
A difference with Microsoft is that there were'nt as many of the same companies way back then to invest into. That helped them out alot. Well, there want much war between companies either.
Trav.
PS, cleaning out my house I found Windows 3.1 on floppy (5") lol. Ill post it on E-bay. Then buy more DONG.
A difference with Microsoft is that there were'nt as many of the same companies way back then to invest into. That helped them out alot. Well, there want much war between companies either.
Trav.
PS, cleaning out my house I found Windows 3.1 on floppy (5") lol. Ill post it on E-bay. Then buy more DONG.
What up with the double post? Havent seen that here before. Proboards on the other hand. lol.
Not all rumor.
Feb 11, 12:40 PM EST
Gates to Putin: 'One Cold War is enough'
By LOLITA C. BALDOR
Associated Press Writer
AP Photo/DIETHER ENDLICHER
AP VIDEO
Putin Accuses U.S. of Starting Arms Race
MUNICH, Germany (AP) -- Pentagon chief Robert Gates responded Sunday to Vladimir Putin's assault on U.S. foreign policy by saying "one Cold War is enough" and that he would go to Moscow to try to reduce tensions. Gates also sought more allied help in Afghanistan.
He delivered his first speech as Pentagon chief at a security conference in Germany and then flew to Pakistan to discuss fears of a renewed spring offensive by Taliban fighters in neighboring Afghanistan.
Pakistan, a close U.S. ally in the fight against terrorism, has faced charges that the Taliban militia stage attacks from Pakistan against Afghan government troops and NATO- and U.S.-led coalition troops.
Gates' rebuke of the Russian president relied on humor and some pointed jabs.
"As an old Cold Warrior, one of yesterday's speeches almost filled me with nostalgia for a less complex time. Almost," Gates said. Then, as the audience chuckled, the defense secretary said he has accepted Putin's invitation to visit Russia.
"We all face many common problems and challenges that must be addressed in partnership with other countries, including Russia," said Gates. "One Cold War was quite enough."
In his speech Saturday, Putin blamed U.S. foreign policy for inciting other countries to seek nuclear weapons to defend themselves from an "almost uncontained use of military force."
The Russian leader said "unilateral, illegitimate actions have not solved a single problem, they have become a hotbed of further conflicts" and that "one state, the United States, has overstepped its national borders in every way."
Gates also made an urgent call for NATO allies to live up to their promises to supply military and economic aid for Afghanistan.
"It is vitally important that the success Afghanistan has achieved not be allowed to slip away through neglect or lack of political will or resolve," Gates said. Failure to muster a strong military effort combined with economic development and a counternarcotics plan "would be a mark of shame," he said.
Gates also said that prisoner abuse scandals in Iraq and Guantanamo Bay, Cuba, and other mistakes have damaged America's reputation. It will take work, he said, to prove that the U.S. still is a force for good in the world.
While he did not mention the war in Iraq, Gates told officials at the security conference that Washington must do a better job of explaining its policies and actions.
For the past century, he said, most people believed that "while we might from time to time do something stupid, that we were a force for good in the world."
Many continue to believe that, Gates said. But, he added, "I think we also have made some mistakes and have not presented our case as well as we might in many instances. I think we have to work on that."
The bulk of his speech was devoted to the future of the NATO alliance and the need to work together to defend against threats.
Gates also sketched out the challenges ahead, from Iran's nuclear ambitions and the situation in the Middle East to China's recent anti-satellite tests and Russia's arms sales.
Just eight weeks on the job, Gates used the conference and a NATO gathering this past week to debut on the international stage and meet privately with some of his counterparts.
In other comments, he said the Bush administration would like to close the Guantanamo Bay detention facility, but there are some terrorists there who should never be let free. Gates also said detainee trials there will be conducted in the open and with adequate defense for the prisoners.
The first public test of Gates' diplomatic skills came at a venue that at times was dominated by his more bombastic Pentagon predecessor, Donald H. Rumsfeld.
So as Gates neared the end of his remarks, he made a deliberate move to separate himself from Rumsfeld.
In the run-up to the Iraq war, Rumsfeld sharply criticized nations opposed to the conflict - specifically France and Germany - and referred to them as part of "Old Europe."
Without mentioning Rumsfeld's name, Gates said some people have tried to divide the allies along lines such as East and West, North and South.
"I'm even told that some have even spoken in terms of 'old' Europe versus 'new,'" Gates said. "All of these characterizations belong in the past."
In Pakistan, Gates planned talks with the president, Gen. Pervez Musharraf and other top officials on cooperation in counterterrorism and efforts by Pakistan to stop militants from moving across the border with Afghanistan, a senior Pakistani government official said Sunday. The official spoke on condition of anonymity because he did not have the authority to speak formally about Gates' visit.
Pakistan denies the charges that the Taliban are staging attacks from inside Pakistan and says it has deployed some 80,000 troops along its rugged border with Afghanistan to track down militants.
Pakistan's border regions along Afghanistan long have been suspected to be the hiding places for al-Qaida leader Osama bin Laden and his deputy, Ayman al-Zawahri.
American forces in eastern Afghanistan have launched artillery rounds into Pakistan to strike Taliban fighters who attack remote U.S. outposts, the commander of U.S. forces in the region told The Associated Press on Sunday.
Musharraf acknowledged recently that his outgunned Pakistani frontier guards have allowed insurgents to cross the border and said the army soon would fence parts of the border to stem the problem.
The Pentagon has plans to extend its recent buildup of several thousand combat troops in Afghanistan, initially announced as lasting until late spring, well into next year, a senior U.S. military official said last week.
That move would keep U.S. troop levels at between 26,000 and 27,000 until at least the spring of 2008.
---
Associated Press writers Sadaqat Jan in Islamabad, Pakistan, and Robert Burns at Bagram Air Base, Afghanistan, contributed to this report.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.
http://hosted.ap.org/dynamic/stories/G/GATES?SITE=KING&SECTION=HOME&TEMPLATE=WORLDHEADS.html...
The Copy Paste may have a couple add ons from the web site. They had allot of advertisements there. Link provided to help out.
Z.
Thats what gets me. How much longer can they afford to allow us to invest at such a low price. When we can purchase 1,000,000 dinar @ about 900 USD. How much longer can they afford to allow us to do this? Every day there are more and more investers jumping on this, and for just 100 (roughly) USD every couple weeks, you can pick up 100,000 more of the Dinar. I concur, they need to bring that up higher, and faster than it is climbing.
Z....waiting arround for next weeks paycheck, for another 100,000 notes. LOL.
Hey Bro, Carry your cam corder at all times.
He may come back. Then you get free advertiseing on your local TV program.
If any legal issues come up, just give us a call.
Trav.
PS, No, I dont want any harm to come to anyone.
I ordered some today from Wells Fargo.
And thanks Norton1973 for posting that we could buy it through them.
Had to after I saw your post on it. I bank there as well and figured I'd better not just sit and watch. My order went in @00007369. And will take a max of 4 weeks to get to my bank where I can pick it up.
The money (dong) will be Fed Ex'ed to my branch and they will call me when it is in.
The banker told me that they had no control over the face notes that will be shipped to me.
When/if anyone calls them, you need these things
1), you need a bank rep from your branch (a name of someone there), I used the service manager as a contact, as the teller at the walk in window didn't know what to do.
2), your account number that you want the funds drawn from.
3) The branch location that you would like to pick up at.
4) Day time phone #, so they can call you when you are to pick up.
www.wellsfargo.com (no you cant do it online, but I like to leave links when ever I can)
The Foreign Currency # for Well's Fargo Bank is......
1-800-869-3557
Hope it helps.
Z.
Thanks for the tip with ALI @ DINARTRADE, StrongTower.
I called him early yesterday morning (01/31/2007) and asked for the 10K Dinars, they are suppose to be here today. Thats 250,000 worth for $284 US. Shipping included.
Now for some 5K's next week.
Trav.
PS, I did mention your name to him, and the board. He had a little chuckle... I take it he must have had a few calls with the same info.
KRG US Representative says sound oil policy promotes stability
--------------------------------------------------------------------------------
Qubad Talabany, the Kurdistan Regional Government (KRG) Representative to the United States, last Thursday testified before the US Senate Foreign Relations Committee on the political strategy for Iraq. He said that a sound petroleum policy was necessary and could help to stabilise Iraq. He also stressed the need to follow the already agreed timetable for resolving the status of Kirkuk.
Talabany said that any successful strategy in Iraq “must come from within Iraq and not Washington.” Imposing a policy that ignores the realities on the ground would inevitably fail, he said.
Talabany testifies at Senate Foreign Relations Committee
His testimony was part of an ongoing series called for by Joseph Biden, Chairman of the Senate Foreign Relations Committee and a Democratic Presidential candidate, to gain a better understanding of the problems in Iraq and possible strategies to stabilise it. Senator Biden visited the Kurdistan Region in 2003 before the liberation of Iraq. Others that testified in recent weeks included US Secretary of State Condoleezza Rice and newly appointed commander of US forces in Iraq General David Patraeus.
The hearing also received testimony from Dr Laith Kubba, Senior Director for the Middle East and North Africa at the National Endowment for Democracy, Dr. Toby Dodge, Consulting Senior Fellow for the Middle East at the UK-based International Institute for Strategic Studies, and Rend al-Rahim, Executive Director of the Iraq Foundation.
Agreement on oil depends on respect for regional rights
Talabany explained that a sound natural resources policy presents an opportunity to bring peace and stability to Iraq. He discussed the significant progress that has been made in trying to establish a cooperative agreement on oil: a draft oil law prepared in December 2006 that includes the creation of an intergovernmental entity, the “Federal Council for Oil and Gas,” with both federal and regional membership. He informed the committee that a revenue sharing law would soon be prepared as well.
Talabany stressed that these two laws currently contain “major concessions” by the KRG. Although the Iraqi constitution gives the KRG the sole authority to develop new fields in the Kurdistan Region and receive revenue from those fields, it has agreed to share those revenues with the rest of Iraq.
He made it clear, however, that this cooperative agreement “will depend on it respecting the right of regions to make the final decision on petroleum contracting in the region, while at the same time respecting the right of regions to receive their proportionate share of the national revenue.” These rights cannot be violated, warned Talabany.
Keep to Kirkuk referendum timetable to minimise crisis
On the issue of Kirkuk, Talabany said that it would be wise for the US to allow the situation to progress naturally and according to a timetable that Iraq’s leaders agreed upon under article 140 of Iraq’s constitution. He added that delaying the proposed referendum, in which voters will decide whether Kirkuk will be administered by the KRG or by the federal government, will only increase the risk of the situation erupting out of control.
Talabany also expressed some of the grievances of people in the Kurdistan Region. Many Kurds feel that the Kurdish good will and positive engagement in the new Iraq has yielded limited gains for the people of the Region. He asked for assurances that, in any event, the US guarantee the protection of the Kurdistan Region: “It is in the United States’ strategic interest and should be your moral obligation”.
The transcript of the hearing will be published on this page of the US Senate Committee on Foreign Relations website.
For more information please contact US(at)krg.org
Source: KRG.ORG
http://dinartrade.com/news_094.htm
Just going by the News article that was posted last night, it might be a couple years. But not many are biteing on that.
http://www.investorshub.com/boards/read_msg.asp?message_id=16559324
Three to four years for it to hit 1000, they are saying. But I still dont see it takeing that long. As ogclip said, thats just nuts.
Z.
Appoligies on prior post, MOD'ing time ran out.
The link suppied in my PS addition to the post did not pull up the convertion link correctly after posting it. Was unable to MOD it due to time running out.
http://www.ameinfo.com/cgi-bin/cms/page.cgi
This link takes you to the convertion chart, where you can type in any date that you wish to see what it was tradeing at for that date. Day, month, year.
Trav.
ARRGGGG, that link didnt pull it up either. It did when I followed it prior to posting it. And I'm done spamming trying to post it. lol. ;-/
CBI has the History Exchange Rate listed.
Not sure if that will help. Seems to be the Auction prices.
http://www.cbiraq.org/C.B.I.%20FOREIGN%20EXCHANGE%20AUCTIONS.pdf
From this page.
http://www.cbiraq.org/cbs6.htm
Trav.
PS, amerinfo site allous you to go back to any date you wish and see what it was exchanging for. This was the convertion price on 01/11/2006, (day,month,year)
http://www.ameinfo.com/cgi-bin/cms/page.cgi
I dont like this part of it.
"As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years."
During the three to four years......to a 1000? At the rait we are going I thought we would be there in about three to four weeks....not years. Am I reading this wrong?
Am I the only one up this time of night?
Z.
Finance Minister announces raising the dinar exchange rate
The Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, described the budget of 2007, as “ambitious” seeking to resolve the problems of the country in the area of security, investment and unemployment, and expressed his hope that it will to contribute to increased economic growth to 8 or 10%.
The minister said in a press interview that oil resources forms 93% of the budget, while the rest will be secured from taxes and fees. He referred to the allocation of more than ten billion dollars for investment eight billion for security, in addition to about seven billion dollars to support the Ministry of Oil.
He pointed out that the latter amount came from the sale of oil derivatives to citizens, in addition to three billion dollars, for the implementation of projects and building new refinaries.
As for the role of the budget in raising the value of the dinar against the dollar, Azzubeidi said that a decision was made to raise the value of the dinar against the dollar in the budget, and the rate was determined purely by 1260 dinar, hoping to return to its normal state like the Gulf currency, as befits a country rich in oil and other wealth, and hoping to decrease the rate of the dollar to 1000 dinar during the three or four years.
And on the subject of lifting support from oil derivaives, he pointed to an agreement with the International Monetary Fund, which pledged to cancel $ 100 billion of Iraq's debt in return for the implementation of economic reforms, pointing out that these reforms developed by international experts, in coordination with the Iraqi government, the Ministry of Oil and Iraqi economists.
He pointed out that the Ministry will continue to support oil derivatives with about seven billion dollars this year, by providing the refineries with free crude oil by 400 thousand barrels a day. The ministry then will sell oil derivatives to citizens, in order to allow it to recover the outstanding amounts estimated at seven billion dollars for the implementation of projects, in addition to allocating three billion dollars of the budget to develop the drilling of oil wells, extending oil transport pipelines and building new oil refineries. He explained that the increase in the prices of oil derivatives will include high-quality imported gasoline, used by luxurious cars, according to the source.
He stressed that dealing with inflation lies in the dinar, since its low rate against the dollar is the main cause of inflation, in addition to obstructing the arrival of goods to the Iraqi depth. He pointed out that the current inflation is temporary and the high prices of oil derivatives are another cause for it, since it affects the prices of other goods and services.
He emphasized that the crisis of the arrival of goods from the border outlets to the Iraqi market, caused by the deteriorating security situation, the presence of criminal gangs, and administrative corruption, which led to the loss of large quantities of goods and the revival of smuggling operations.
He pointed out that the port of Basra is unable to complete unloading cargo, as some ships delayed more than a month from the date of discharge, which costs the authorities huge fines. He also revealed that his ministry is preparing a study for the rehabilitation of “Khafar Al-Mai” outlet between Iraq and Saudi Arabia, associated to the Saudi port “Al-Ameeq”, to provide a route for the entry of goods into Iraq.
Source: IRAQdirectory.com
Links of Interest:
US Department of State
CIA World Fact Book
Operation Iraqi Freedom
Energy Information Administration
Coalition Provisional Authority
US Treasury - Financial Management Services
2006 INVESTMENT CLIMATE STATEMENT - IRAQ
New Iraqi Dinar
View Latest News On Iraq
http://www.dinartrade.com/news_091.htm
State Department Official Outlines Plans To Rebuild Iraq
The United States plans to improve the distribution of economic reconstruction funds in Iraq as part of a strategy to support military operations aimed at securing neighborhoods from insurgents and sectarian violence, officials tell a Senate Committee.
Ambassador David Satterfield, the State Department's senior coordinator for Iraq policy, told the Senate Foreign Relations Committee January 25 that the Bush administration is working to create a situation where "if, on a given day, a neighborhood has been cleared and secured, we ... are able to move monies, to begin employing people, taking them out of their houses, putting them onto the streets in a positive sense, working, and then to build longer-term sustainable projects to give a stake in the economy of those areas, those neighborhoods."
General Michael Jones, deputy director of Middle East affairs for the Joint Chiefs of Staff, told the senators that the ability to coordinate economic reconstruction with military operations serves as a "combat multiplier," creating goodwill with the local population and ensuring that cleared areas remain secure.
Satterfield said the key principles of the U.S. reconstruction strategy are decentralizing the effort and supporting Iraqi government and local officials in their priority projects. He said the United States also would renew its diplomatic efforts to obtain political and financial support for Iraq's reconstruction from Jordan, Egypt and the Gulf countries.
He said the administration plans to double its number of provncial reconstruction teams (PRTs) from 10 to 20 and staff them with specialized technical personnel, such as agricultural and veterinary experts, to ensure that they are effective.
The PRTs are designed to move civilian personnel out of the Green Zone and into the provinces where they can provide local officials with assistance in governance and economic development. (See related article ( http://usinfo.state.gov/xarchives/display.html?p=washfile-english&y=2007&m=January&x=200... ).)
Satterfield told the senators that the United States has fundamentally transformed its reconstruction efforts over the past 18 months from large projects to small local undertakings.
He said the United States has sought to "reallocate funds to achievable projects, to Iraqi-contracted projects, rather than multinational or design-build contracts, to place greater responsibility and accountability into Iraqi hands" and to improve oversight. He said future projects would likely be focused on microfinance, business development and job creation in coordination with local officials.
Satterfield said the reconstruction of Iraq is ultimately an Iraqi responsibility and that Iraqis would have to take the lead in all future efforts, but he added that they need international assistance to move the process forward. In particular, he noted that the Iraqi government has difficulty in budget execution.
"Iraq does have fiscal resources. It has money in the bank, some 12 1/2 billion dollars from unspent prior budget years, and also a certain amount from windfall profits from unexpected oil prices. They lack the resources, the mechanisms, to move that money within their own budget on an urgent basis," he said.
Satterfield said the primary focus of U.S. efforts to build administrative capacity is improving the Iraqi government's ability to move its funds into effective programs. He added that Secretary of State Condoleezza Rice plans to appoint a new coordinator for economic transition to facilitate these efforts.
Source: AINA 01/27/07
http://www.dinartrade.com/news_092.htm
Thanks Micro_Stocks, I'll be back on in about 10 hours. LOL, I still have to work. And my account will not let me send a PM, I have the free account for now.
Thanks odiaz, that helps. Ill try to find some before the price gets up there much higher. Ill wait to see what Micro has planned for those 1000 face bils after he wakes up as well.
Micro, 250 that should be good for now, if that is not a waist of time for you.
And yeah, I thought you couldnt see your key board. lol.
Micro, Im stuck with the 25k faces and am looking for the lower faces. 50-5,0000, are what I need now and the 1,000 faces that you have posted about have caught my eye.
http://www.investorshub.com/boards/read_msg.asp?message_id=16545526
A question(s) for E-bay clients.
How are you paying for your purchases of the Dinar on E-bay? Electronic, money order, check, ... pay pal, or other. And what is the time frame for the Dinar to be in hand after you place an order? Have you had any issues with receiving bad bills? Or old Dinar shipped to you rather than the New Dinar. I would like to purchase some of the 1,000 and 5,000 face value notes or some of the smaller notes listed there..
I've been using GID for my purchases of Dinar, but they only ship in notes of 25,000 face value (that I know of) unless you wish to pay an extra 20 US dollars on your shipment for the 10,000 face value, then add in the 30 US dollars for an Electronic pay, and it does add up.
Iraq struggles to finish oil law
Compromise requires balancing sharply divided interests, ethnic groups
Source: The Washington Post
Four months ago, about 80 oil company executives and consultants packed an office on St. James's Square in London for a briefing on exploration prospects in Iraq's Kurdish region and a Kurdish draft of an Iraqi national petroleum law.
Despite the immense risks of working in Iraq - pipeline explosions, kidnappings, insurgency, political infighting - the oil company executives were lured by the potential rewards, which are immense, too. Outside Saudi Arabia, no country has proven oil reserves as big as Iraq's. And the oil there is high quality, easy and cheap to produce, and bottled up in reservoirs that many major oil companies were familiar with three decades ago before wars and sanctions drove them out.
"Exxon Mobil has more seismic data on Iraq than on Houston real estate," says Fadel Gheit, an oil analyst at Oppenheimer & Co. who used to work for Mobil. "If Exxon had security on the ground, the following day it would have crews there," Gheit said. "And money would be no object."
Gheit estimated that Iraq could easily produce 6 million barrels a day, more than three times its current output and enough to help keep a lid on world prices.
Four months after the London meeting, however, security remains elusive and so does the national petroleum law. Barham Saleh, Iraq's deputy prime minister, said in a recent telephone interview that a compromise was "very, very close."
The proposed law has taken on significance beyond oil. While Iraq and foreign oil companies are eager to tap new revenue, the Bush administration and many Iraqis also hope that the law can be a model for resolving disputes and can bind Iraq's warring factions together.
Agreement has been reached on sharing oil revenue on a per-capita basis, a benefit for Sunnis who live mostly in areas with less production. A deal also has been struck that recognizes the power of regional authorities, such as the Kurdish Regional Government, to award oil contracts, but establishes a national petroleum commission with the power to review contracts within 60 days. A "revamped" national oil company would continue to manage existing production while new regional affiliates would participate in new exploration and production.
"We need to close the deal on one or two small issues," Saleh said. "A number of the major issues have been resolved."
But an adviser to the Kurdish authorities said those "small issues" included some significant details. On Friday, the Kurdistan Regional Government posted an item on its Web site denying news reports that a deal was complete. The "important annexes to the law are still pending," it said.
Outstanding issues include how much oil revenue will go to the central government; a charter for the new national oil company; the role of the oil ministry; and the principles upon which the new commission could reject regionally negotiated contracts. Also unsettled is whether the commission will require a simple majority vote or a two-thirds vote to reject a contract's terms. Those provisions must all be part of one package with the petroleum law, Kurdish leaders said.
If the Shia-dominated Iraqi central government spends heavily on its own projects, it could deny the Kurds and other regional authorities significant shares of oil revenue.
Even if negotiators agree on a draft, it must win approval from Iraq's cabinet and fractious parliament, which hasn't met in weeks.
The United States has been pressing Iraq to complete the law. "As awful as the Saddam Hussein government was, it did have a record of dealing with foreign investors that wasn't that bad," said James A. Placke, an expert at Cambridge Energy Research Associates. "That's gone and hasn't been replaced."
Now, forging a petroleum law requires a balancing of sharply divided interest and ethnic groups, not just the word of a dictator.
"This is not a regular piece of Iraqi legislation being signed off on," said Jonathan Morrow, an adviser to the Kurdistan Regional Government. If successful, he said, "it . . . might show the way forward in Iraq."
Saleh suggested that a deal might discourage attacks on oil installations and reduce corruption. "Since we all agree on revenue sharing, all elements of Iraqi society will have an interest in maximizing revenues and best business practices," he said.
For now, however, the oil sector is a mess. Since the first attack on a pipeline on June 1, 2003, it has been a struggle to keep oil flowing. Basic production equipment has been looted or destroyed. Many wells still are not working properly. And last year, the U.S. special inspector general for Iraq reconstruction complained that Iraq's oil ministry was not reporting on its budget and had spent "only a fraction" of money set aside for capital costs.
While the Bush administration once thought that Iraqi oil revenue would cover occupation and reconstruction costs, the Iraq government still relies heavily on U.S. technical and financial aid. Placke estimated that Iraq produced 1.85 million barrels a day last year, less than the year before, less than the prewar output and well below the U.S. target of 3 million barrels a day.
Placke, who was part of the Iraq Study Group, estimated that 200,000 barrels a day is siphoned from the main export line through southern Iraq, put on barges, and loaded onto tankers waiting in the Persian Gulf. What's left after discounts and bribes goes to militias or insurgent groups, he said.
In the south, some local Shia militia, clan or clerical groups are trying to claim the rights to some Iraqi fields and a voice in negotiating access for foreign companies. A stake in a billion-barrel field could be more important than a stake in the parliament or cabinet. Some experts worry that, as in Sudan, oil could contribute more to tearing the country apart than to uniting it.
A senior Iraqi government official involved in the petroleum-law talks said that if militias and clans were to cut separate deals with foreign companies, it would be a "recipe for disaster and civil war." He warned foreign companies against signing such deals. "We are very interested in credible investment in the oil sector," he said. "We cannot afford to have these cowboys running around trying to manipulate the situation in Iraq."
The national petroleum law remains a touchy subject in part because of widespread suspicion that the U.S. invasion in 2003 was motivated by designs on Iraq's oil riches.
The Iraq Study Group report contained three pages of recommendations for the sector, including suggestions that international oil companies invest in the country and the government fight corruption on contracts.
"Before embarking on controversial measures such as this law favoring foreign oil firms, the Iraqi parliament and government must prove that they are capable of protecting the country's sovereignty," Kamil Mahdi, a senior lecturer in Middle East economics at the University of Exeter in England, wrote in the Guardian newspaper. "A government that is failing to protect the lives of its citizens must not embark on controversial legislation that ties the hands of future Iraqi leaders, and which threatens to squander the Iraqis' precious, exhaustible resource in an orgy of waste, corruption and theft."
In a telephone interview, Mahdi said, "My main worry is that if I were an official in the ministry of oil negotiating a contract and living under the kind of threats that people in Iraq are daily experiencing, I would probably be in a very weak negotiating position."
While the debate continues, the Kurdistan Regional Government is pushing ahead. In 2002, at the suggestion of Jalal Talabani, the Kurdish leader who is now Iraq's president, the Turkish conglomerate Cukurova Group set up an oil unit called Genel Enerji to look for oil in Kurdistan. Genel signed a production-sharing agreement in July 2002 and took over the Taq Taq oil field in February 2003 on the eve of the U.S-led invasion. It signed another exploration contract in July 2005. A Norwegian firm, DNO, and a Canadian firm, Heritage Oil, also struck exploration and production deals in the Kurdish region.
Tariq Shafiq, a former executive of Iraq National Oil and director of the consulting firm Petrolog & Associates, has drawn up three contracts - service, buyback and production-sharing - that the government will use in its new petroleum law. He said the Kurdish production-sharing contracts give away too much to the foreign companies; he said that after paying for capital and operations costs, as much as 55 percent of the oil goes to the foreign firms. "These, in the eye of many, are illegal and would have to undergo review to bring them in line with this law," he said.
But Kurdish authorities said they have no intention of submitting existing contracts for review. Duran said Genel's contract was renegotiated last November and falls within the 20 percent share production that would be the ceiling under the new law. "The commercial terms of the PSA are in conformity with internationally acceptable PSA terms," Duran said in an e-mail response to questions. "Therefore, our PSA is not generous at all."
Major U.S. oil companies haven't signed any contracts in Kurdistan yet. Some of them have tried to build goodwill with the central government. Chevron, for example, helped clear mines from the coastline. Others have collected seismic data or trained Iraqi oil company technicians in Dubai.
Some major companies from other nations - Russia's Lukoil, a Chinese state company, France's Total - are hoping to get their big Hussein-era concessions back. Their prospects remain uncertain.
http://www.dinartrade.com/news_090.htm
Living in the Penny world for so long I have grown accustomed to being patient with my investments. Someday, will come. When, I dont know. But getting closer everyday from the looks of it.
Trav.
LOL, I'm kinda in the middle, I just want to be able to keep makeing a house payment without worrying about it.
Trav.
I guess that would depend on how much a person considers enough. Would you be happy with enough so you can afford to make a house payment without greeving over wrighting the check, or be happier paying the house off with that same check?
I better order more fast.
And Ill pay the Extra 20 bucks (for GID Assoc.) for the 10,000 face value.
Fee's add up fast though, 19 for over night W/Fed-EX, and 30 for the electronic transfer from my bank. Thats 69 bucks right there. ARRGGG.
Z.
Yeah, I wish my Ameritrade account was this consistant. lol.
Thanks Rick,
And can I ask a question before Staff sees to much spam from this newbie?
Replying is not aloud to be done privatly as I am not paying to be here?
And, when I see something in my inbox, it doesnt nessicerily mean that it is Emial, or PM, it could be a public reply to a message that I have posted on the board?
And, can I delete post that I make? As that last one would have been one to delete.
And......I seem to not have spell check as well. lol.
Z.
PS, I just saw this (Want to use more advanced posting features? Read the FAQ) and will read it and see if it helps me. And this would be my 3 of 3 post a day as well. LOL again.
The feature you tried to use is only available with a Premium Subscription!
Ahhh, that explains something. Not alloud to reply to Emials from what it looks like.
Sorry for the clutter on the board. Still learning.
Z.