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This is a hint that it is going to happen.
Go to http://www.cyberhandrobotics.com/about.html and click on "Stock Information". BHUB quote pops up ;)
Looks like the webmaster jumped the gun.
It doesn't affect buying Dinars online, providing they are shipped to you from within the country you reside in.
If they are shipped from outside the country you reside, and a revaluation occurs before they enter the country, you have a problem. Anything over $10000.00 will then have to be declared.
I myself would gladly pay taxes over the 5 million I own ;)
Yes, I understand it. It takes me a couple of reads though (punctuation) ;)
Law could help modernize Iraq oil sector By SINAN SALAHEDDIN, Associated Press Writer
1 hour, 32 minutes ago
BAGHDAD, Iraq - A new draft hydrocarbons law will pave the way for "transparent and fair" competition in bids to develop Iraq's oil wealth, the oil minister said Sunday as he sought to restore the confidence of foreign investors.
The new law, if approved, is expected to encourage foreign oil companies with their investment clout and technology to modernize Iraq's oil sector and meet the country's goal of doubling the current crude production of 2.5 million barrels per day by 2010.
Iraq's proven oil reserves stand at about 115 billion barrels, the world's third largest after Saudi Arabia and Iran.
The oil minister, Hussain al-Shahristani, said new oil fields will be added as bids are submitted by foreign companies.
"The competition will be transparent and fair and companies will be chosen according to their modern technological capabilities to guarantee the highest benefits for Iraqis," al-Shahristani said at a news conference. "We will not consider their nationalities and we will ignore any contract doesn't achieve the highest benefits."
Al-Shahristani refused to give a timeline for parliamentary action and did not say how the ministry would negotiate with foreign companies.
He also cautioned that attacks against oil installations and employees were increasing, with 289 people killed over the past year and 179 wounded.
"The ministry is always suffering from these terrorist attacks. I call upon all honest people to cooperate with the oil ministry in order to find those who are attacking the employees of this sector and provide us with any related information," he said.
Insurgents have frequently targeted oil facilities, pipelines and employees, disrupting exports and efforts to modernize the industry.
The oil minister stressed that all Iraqis will share in the profits amid concern by many Sunnis that they will lose out to the Shiites and Kurds who dominate the country's two chief oil regions in southern and northern Iraq. Those groups want regional control over oil production and revenues.
Iraq's Sunnis and much of the Baghdad government want to maintain national control over Iraq's petroleum resources as was the case during former leader Saddam Hussein's Sunni-dominated regime.
"The constitution states that oil and gas are for all Iraqis in all provinces and regions, and according to this conception we drafted this oil law to help promote Iraq's unity and prosperity of its people," he said.
Last Thursday, the ministry's spokesman Assem Jihad told The Associated Press the law would require that all oil revenues go to a central fund, then be distributed to Iraqis in every region and province according to population.
Jihad said the law also would stipulate that oil contracts signed by Saddam's regime or by the semiautonomous northern government of Kurdistan be reviewed and amended if needed.
On a technical matter, al-Shahristani said that a new metering system to track oil and gas flows from Iraq's southern export ports had been fixed.
Iraq's economy has been severely weakened by oil smuggling to neighboring countries, a problem that could be checked in part by the metering system. The smuggling has created a fuel crisis that leads to occasional shortages even though Iraq is one of the world's leading producers of oil.
Some experts believe that oil smuggling may be funding Iraq's insurgency.
http://news.yahoo.com/s/ap/20070121/ap_on_re_mi_ea/iraq_oil_law_1
Would they have to reval the Dinar?
Could they not just let it increase in value without having to do a reval, or are they forced to do a reval for economic reasons?
Just thinking out loud.
I inquired about some Dinar at my bank up here in Canada (Scotiabank), and was told it would take at least 2 weeks......... maybe longer.
Iraqi cabinet may vote on oil law as soon as this week - White House
POL-US-IRAQ OIL LAW
Iraqi cabinet may vote on oil law as soon as this week - White House
WASHINGTON, Jan 16 (KUNA) -- It appears there will be a vote by the Iraqi cabinet as early as this week on the Iraqi hydrocarbon law, White House spokesman Tony Snow said on Tuesday.
The Iraqi government also is working "aggressively and assertively" on other reconciliation efforts, including revisions to the de-Baathification law and election law, Snow said during a White House briefing.
In the wake of the speech last week by President George W. Bush in which he said the Iraqi government would be held to benchmarks tied to U.S. military efforts in Iraq, Snow was asked if there were any specific dates by which the Iraqi government was expected to meet any benchmarks.
Perhaps the most important current benchmark is the Iraqi hydrocarbon law, Snow said, "because that is one that takes the considerable revenues from oil and natural gas and distributes them equitably across the country." The Iraqi government is "moving pretty rapidly toward passage of that, and that is enormously significant because it says to everybody, you have got a financial stake in the success of this country," Snow said.
Iraqi Prime Minister Nouri al-Maliki and other Iraqi government officials have said they support efforts to modify the Iraqi de-Baathification statute so that Iraqis who were not part of the "terror apparatus" of the late dictator Saddam Hussein, but were members of the Baath Party, "can be reintegrated into the economy and into the political structure, and similarly, at the local level, Sunnis who sat out the prior election at the local level can in fact have an opportunity to have local representation that is roughly proportional to their population," Snow said.
There is not a sense that Iraqi government officials are "dragging their feet" on these issues, Snow said, adding, "They are moving pretty quickly." Asked about continuing security problems in Iraq, most recently illustrated by a bombing at Baghdad University today that killed more than 60 people and wounded more than 110, Snow said, "If somebody in fact is willing to take their own life so they can kill others, that is a tough thing to bring down. But the real key is to go after the organizations that recruit, train, supply, encourage this kind of behavior, and it means going after them." The military operations last week on Haifa Street in Baghdad show that the Maliki government "has been more aggressive in going after bad actors within Baghdad," Snow said.
Maliki has made it very clear that if militias are part of the violence against civilians, "they are going to go after them," Snow said. "If Saddam rejectionist groups are part of the problem, they are going to go after them." The Iraqi government needs to "go after those who are trying to bring down the government and also to foment sectarian strife," he said. "They have to do it in an even-handed and aggressive manner." And Iraqis must take the lead role in dealing with security, Snow said.
"They are the ones who are going to be able to get that kind of on-the-ground intelligence," he said. "They are going to have a better feel, neighborhood to neighborhood, of where the real danger spots lie. And it is our approach to build capacity and capability among the Iraqis, not only by training and equipping, but also passing on matters of doctrine and doing it in real time. But the Iraqis are the ones who are going to be in the lead of these operations." (end) rm.
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KUNA 162156 Jan 07NNNN
http://www.kuna.net.kw/Home/Story.aspx?Language=en&DSNO=943174
There seems to be an enormous shortage of smaller denominations (50,250,500,1000). No problem with 25000 bills.
Did they not print as many of them? Seems to me they would print more of the smaller bills than large bills.
If there was any thruth to the $15.00/share, why is it that the so called "smart money" isn't all over this? FHAL would have traded around $15 within minutes of the PR if there was any truth to it.
I'd be very carefull with your money on this one. Not much good will come of it IMO.
opened some MAGS @ $12.79 & 12.80
Sold NVEC $46.35 for .30. Think I may leave this one alone for a few minutes.<G>
Long NVEC 46.02 @ 05 eom
Edit: Can't keep up with posting trades LOL.
Covered NVEC for average .19 gain. Took forever to get filled on the bid lol.
I am using 20 ma 5 min on NVEC today. Seems to be working for me <g>.
LOL, nope, just taking what they'll give me.
Short NVEC $46.01 eom
2MAR$, what value are you using for your RSI ?
Covered NVEC @ 44.54 for .46 gain.
$45 seems sticky right now. Don't think we'll see $46.50 today.But I could be wrong lol.
Now short NVEC $45.00 eom.
Profits take @ $45.16 - $45.18, for .71 @ .73
Long NVEC $44.45. May as well get on the gravy train lol.
I'm still short VRTS from yesterday @ $28.70. It may see the $25 soon IMO. Some mild support there.
Short VRTS 28.70 eom
Trying to find the dullest knife in the bunch.lol
Pennies..........yuck lol. Never have and never will.
Great board you have here. Hope you don't mind if I post some of my trades.
ADSK and MRVL seem to be good straddle plays as well for Thursday. Any opinions ? TIA
Would you now suggest buying some LEN March 45 or 42.50 puts, or would you wait for it to hit support and buy the call side again?