Iraqi Dinar Discussion Board

[strongtower]

It looks like this investment is coming to a hault very, very soon. I do find it interesting that Iraq has started buying up all the dinars they can. So will it be RV or LOP, we will see. If they are going to LOP then why are they buying up dinars. Just a thought


Zubaidi received in 2008 paid successful visits to neighboring countries
(Voice of Iraq) - 11-12-2007
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Zubaidi received in 2008 paid successful visits to the neighboring countries sister

In Round least that can be described as a successful 00 In the context of strengthening economic and financial cooperation, trade and support Arab economic integration and extending bilateral cooperation relations and expanding economic relations and regional security cooperation between Iraq and neighboring countries, the least effects that the sister is reported to be productive chaired by Mr. Zubaidi Baqir Jabr delegation Iraqi sisterly Syrian Arab Republic, that includes d to Skinner government spokesman and adviser to the Iraqi Minister of Finance Mr. Zia Professor Habib Alckheon and general managers of the (customs, tax and general manager Rasheed Bank and the director general of the Ministry of Transport and the Director of the Minister's Office)

Mr. Zubaidi and lays the foundation stone for building the foundations of economic, financial and political impacts on the right path for neighborly relations and constructive brothers serve both the two sister countries and removing all obstacles and solve extend to the seventies of the last century because of the policy of isolation exerted by the former regime, the Minister of Finance played a round of meetings started since his arrival Airport to Damascus where he met with his Excellency the Minister of Finance Syrian d Mohammad Hussein has been the distribution of roles and tasks committees were formed a committee indebtedness and the Commission and the Commission on customs cooperation and the Committee for the banking and transport committees and began those meetings immediately and continued late Thursday evening On the morning of Friday June 23 11/2007

Conventions to strengthen financial and economic cooperation between Iraq and Syria

In the meantime, Mr. Zubaidi series of visits taken by the long period spent by Mr. Zubaidi sister in Syria between owners and siblings because of the prosecution of the former regime him being a prominent opposition leaders, character overshadowed by family atmosphere where Houde welcomed by official and popular addition to being an Iraqi official prominent Syrian brothers believed that the son of Syria before the son of Iraq, Mr. Zubaidi so he visited the tomb of the late (Hafez al-Assad) and the tomb of Mrs. (Naisa) and the father of His Excellency the President and state-Zubaidi met Syrian Prime Minister Mohamed Naji me during the meeting and reviewed the Iraqi-Syrian relations and ways of strengthening in all areas and Pmaikhaddm common interests between the two sister countries and has a series of calls by His Excellency the President advisor Major General Muhammad Nasir, Minister

Zubaidi discuss with Syrian Oil Minister possibility Crutch investment in the field of gas and increase export capacity of oil through Syrian ports

Syrian Foreign Major General Mohammad Makhlouf, the Federation of Chambers of Commerce, also met in his residence, Mr. Minister of Oil and discussed with him the possibility of investing in the field Crutch natural gas and the possibility of exporting to the world through Syrian ports and the development of the oil refineries, which links Kirkuk Balmone Republic and the possibility of increasing its export and met Syrian Minister of Economy They discussed with him ways of strengthening economic relations between the two brotherly only

Zubaidi meeting His Excellency President Bashar al-Assad gave great impetus to this visit

The most prominent event is a meeting Mr. Zubaidi His Excellency Mr. d Bashar Assad Sunday morning day on 25/11/2007 that meeting, which lasted approximately an hour, I give great impetus and support for this visit and the resulting six of the conventions is a new page in bilateral relations between the the two fraternal included these conventions:

1 Convention on mutual administrative assistance for the proper application of customs legislation and circulation of customs violations, search and suppress between the Iraqi government and Syrian consists Convention (21) article covering all aspects of the Convention

2 agreement to avoid double taxation and prevention of tax evasion with respect to taxes on income 0 Consists Convention (29) rule

3 convention sums between Iraq and Syria, where they will be reimbursed for the interest of the beneficiaries of the Syrian side during the period beyond 31/3/2009 The Syrian side reimbursement for the benefit of the Iraqi side later than 31/12/2009

4 convention banking facilities where the parties agreed to the opening of accounts for banks wishing to deal with Iraqi Commercial Bank of Syria dollar currency, the euro, pound sterling And these accounts will be activated after completing papers

5_ a memorandum of understanding to establish an Iraqi bank Syrian terms will be established under the name Bank Rafidain Bank commercial and contribution rate 25% Commercial Bank of Syria, 24% Rafidain 26% contribution businessmen Syrians 25% businessmen Iraqi and be guided Bank rotating between Rafidain Bank and the Commercial Bank of Syria and with capital of $ 60 million USD

6 settle amounts owed to the airline Republic where Iraq will pay the amount of debt owed by the Company for Iraqi Airways flight institution for the benefit of the Arab Republic of the pre-in 1979, as well as for the period from 27/11/2000 until 12/5/2003 contrast is the Syrian side study claims the Iraqi Airways during the period from 27/11/2000 until 12/5/2003 if the validity of these claims

Can investors and businessmen Alsuren to play an effective role in the process of reconstruction and restoration of infrastructure in Iraq

The meetings continue Zubaidi Messrs. officials and ministers, investors and businessmen to discuss ways to enhance cooperation between the two sister countries and how to participate in the process of reconstruction and re-investment and infrastructure and the possibility to play investors and businessmen Syrians an effective role in this process, especially since Iraq was allocated large sums in the budget investment in 2008 urged Zubaidi investors Syrians to speed up and seize the opportunity to improve security before they missed the opportunity and that there is a potential for investment in all fields

State Jordanian Prime Minister is Zubaidi b actions for the conservation and to respect the dignity of Iraqis and resident good deal with them in the border outlets and the abolition of the fines imposed on them Once the verge of a visit to Syria Zubaidi sister finished even started a new round to the other brother, a neighbor of the Hashemite Kingdom of Jordan at the invitation of Minister of Finance Jordanian lasted three days, started as usual at the moment of arrival to visit him with his Jordanian and Mr. Governor of the Central Bank of Jordan, Mr. Zubaidi pursuing adviser on various topics financial, economic and petroleum The agenda of the visit was to discuss a number of issues especially the discussion on the topic of Iraqis residing in Jordan where promised a Jordanian Prime Minister Mr. Nader Golden

(8) million for the health and education of Iraqis residing in Jordan

Take the necessary measures for the conservation and respect for the dignity of Iraqis and resident good deal with them in the border outlets and the abolition of the fines imposed on them as the Iraqi delegation diversion of $ (8) million for the Jordanian government to assist the Iraqis residing in Jordan, who are (500) thousand allocated in the areas of health and education

He reviewed Mr. Baqir Jabr Zubaidi Finance Minister during his meeting with the Prime Minister and Gentlemen Hamad Alexasabh Finance Minister Mr. Amer railway Jordanian Minister of Industry and Commerce and representatives of the economic sectors in Jordan Chamber of Commerce, the reality of the Iraqi economy, he said: that the Iraqi government was able to extinguish (90) billion dollars out of debt Iraqi amount (140) billion dollars and has worked to reduce the size of inflation

Delete three zeroes of the dinar Iraqi dinars, up to one for every dollar

From 66% to between 16 18% and the Central Bank of Iraq amount (22) billion, and (3) tonnes of gold for supporting the Iraqi dinar, rising value of the Iraqi dinar against the dollar (3) thousands of dinars in 2004 to Between 1250 to 1200 in the current year saying that every Iraqi efforts will be channeled to delete three zeroes of the value of the dinar

$ 100 BILLION BUDGET Iraq in 2010
Iraqi and up to one Iraqi dinar for every dollar that the Iraqi budget for the year 2008 which will be a year of reconstruction would be 5, 53 billion of which $ 5, $ 19 billion for the development and reconstruction of the provincial and 23 billion dollars investment expenditure and said that balancing Iraq in 2010 are forecast to reach ( 100) billion dollars

The establishment of a joint Jordanian-Iraqi bank and a free trade agreement and another to promote investment

Mr. Zubaidi stressed that the Iraqi government will work to establish a joint Jordanian-Iraqi bank to facilitate financial transactions and trade exchanges and the two sides agreed to discuss and resolve the problem of private debt agreements outside the Jordanian Trade Protocol which will be formerly top of the agenda of the economic talks held by Jordanian and Iraqi sides after Eid al Adha, and the two sides will discuss concluding an agreement on free trade between the two countries

He called Zubaidi businessmen, investors, traders, industrialists and entrepreneurs to seize the opportunity Jordanian security improvement seen after Iraq was securing the entire provinces were considered until recently Mnatka hot, stressing the need for participation and progress towards infrastructure projects and reconstruction in Iraq need to 5, 1 million housing units currently number will double in the coming years, stressing that there is Jordanian contractors awarded tenders to construction in Basra and other cities to Iraqi

The establishment of an oil pipeline linking the modern Jordanian port of Aqaba and Iraq is committed to providing Jordan with oil at preferential prices and Mr. Zubaidi and that the Iraqi government is committed to providing oil to Jordan at preferential prices and less than 18 to 22 dollars on world prices per barrel has been streamlined flow of oil to the problem earlier because of security conditions on the route the shipment of oil were preventing the flow of Iraqi oil to markets in Jordan regular this Zubaidi and discussed with the State of Jordanian Prime Minister the possibility of extending a pipeline to transport oil link between the modern city and arriving at the Iraqi port of Aqaba to work together with other Iraqi bystanders outlets across the territory of neighboring States, describing it as the breath of lung Iraq When instability full of security 00 had to prove there is a chance for the participation of investors Jordanians in Iraq

Held at the Chamber of Commerce and Industry, and Jordan at the invitation of Mr. Haider Murad (Chairman of the Chamber) seminar for investors and the presence of the Ministers of Finance and Industry Jordanians reviewed Mr. Zubaidi reality economic and financial relations and trade between Iraq and Jordan and ways of strengthening them in order to serve the economic integration between the two countries, and responded to questions from audience emphasizing the opportunities investment in Iraq had Egd investors the opportunity to contribute to the process of construction and reconstruction in full security instability in Iraq

Lastly, His Excellency Mr. Baqir Jabr Zubaidi successful visit to Jordan brotherly dinner lunch filed Chairman of the Chamber of Commerce of Jordan, Mr. Haider Murad in honor of Maaleh this conclusion banquet to visit might be the last this year which witnessed a distinct effort to Mr. Zubaidi Baqir Jabr, the Minister of Finance, which began in 2007 page new was to maximize the financial resources of the State to face failure happening in the cruise pumping oil result of the security situation in Iraq and beyond as a result of growing concern to the budget in 2008 which had approached the level of ambition chaired the ministerial committee for licensing mobile phone which gave additional support of the budget by adding (4) billion dollars and presided over a number of Iraqi delegations to discuss Iraqi debt and extinction and succeeded in extinguishing (90) billion dollars out of the Iraqi debt of $ (140) billion dollars this resolve and I am still moving in the path of sacrifice and fount of Ainill of the tender.

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