Friday, February 25, 2011

Iraqi trade requests from the United States to support Iraq to join the World Trade

Iraq Trade Ministry: Iraq’s WTO ascension; Asking for US support over next few days

Iraqi trade requests from the United States to support Iraq to join the World Trade

Baghdad, February 25 (Rn) – The Iraqi Ministry of Trade and the United States to support Iraq to join the World Trade Organization WTO.

The general director of economic relations Hashem, Hatem told the Kurdish news agency (Rn) on Friday that “the Iraqi Ministry of Trade has asked the U.S. embassy in Baghdad need to support the United States to Iraq on accession to the WTO during the next few days in order to develop the economic sector in the country.”

The Ministry of Commerce announced in Iraq January 29 last, that the WTO is “convinced” package of legislation approved by the Iraqi Council of Representatives to support the trade policy in the country.

Hatem added that “Iraq’s accession to the WTO means lifting the lid of the isolation system for Iraq’s commercial world, which lived for many years.”

He continued that “the U.S. embassy in Baghdad confirmed it would support Iraq significantly to join the World Trade Organization and support of the Iraqi economy to provide investment climates revive the economic reality in Iraq.”

Iraq seeks to obtain permanent membership in the WTO rather than an observer member, as is the case at this time.

The WTO was founded in 1995 and comprises 147 countries world as permanent members.

The organization aims to create economic world, preserves the rights of consumer and producer through an international system of laws through the full employment of state resources and prevent the sale of goods with non-universal impulse.
This is unconfirmed at this time.This another BIG STEP in our investment if confirmed.They have to have a tradable currency to be in WTO.

QUESTION
I was wondering if you could tell me about the legalities and income tax info on the purchase and cashing in of the dinar in Canada (ontario).
Yes it is legal to buy Iraqi Dinar in Canada.You can buy them at most Currency Exchange Places in Canada etec Yorkdale Mall.Most Chapter 7 sanctions have been lifted from the Dinar
Income taxes-The Dinars will probably taxed as either capital gains or income-check with your tax professional on this
Cashout

Monday, February 21, 2011

We are in Hurry Up and Wait Mode For The Iraqi Dinar RV

I'm hearing that we need a Tradable Currency in order to implement a lot of The New ratified 2011 Budget
I'm hearing of a possible RV between .60 cents and $1.00 US,not confirmed until actual RV,Not PUMPING,No Date
Still a big protest this Friday concerning Living conditions in Iraq.Food ,water,jobs,electicity,housing etec
Parliament is back at work again Tomorrow for another cession.
Lets hope they can get r done before Friday
Cash Out

Sunday, February 20, 2011

UPDATE 1-Iraqi lawmakers pass 2011 budget of $82.6 bln

* Iraq budget projects $13.4 billion deficit
* OPEC producer looks to oil revenue to repair war damage
(Adds details, background)
BAGHDAD, Feb 20 (Reuters) - Iraq's parliament gave final
approval on Sunday to an $82.6 billion budget for 2011 based on
an average oil price of $76.50 per barrel and 2.2 million
barrels per day in crude exports.
The deficit was projected at $13.4 billion. About 95 percent
of Iraq's government budget comes from oil revenue.
The budget allocated $25.7 billion for investments and $2.05
billion to pay oil firms' investment costs.
Passage of the budget was held up for months by political
haggling.
Budget shortfalls challenge Iraq's ability to rebuild after
years of conflict following the U.S.-led invasion in 2003. But
officials have said the deficit could be wiped out if world oil
prices stay high.
Violence has subsided in the last three years and the
government has announced major projects to refurbish oilfields
and infrastructure and to construct housing.
The OPEC producer has signed deals with global oil firms
that could boost its output capacity to 8-12 million bpd,
rivalling top producer Saudi Arabia, in about six time. Current
production is 2.7 million bpd.
($1=1170 Iraqi dinar)
ONE STEP CLOSER TO RV

Parliament adjourns till 5pm Baghdad time (8am CST); Adjournment due to delay of the Finance Committee

Adjournment of the parliament to five in the afternoon due to the delay of the Finance Committee to submit its report on the budgetI will post as soon as i hear of more important information

Tuesday, February 15, 2011

Well It is Tuesday and Still No RV

If i had a Dollar for every time Iraq takes a Holiday I wouldn't need The Dinars to be come Wealthy.Yes it seems they are on another holiday today Feb 15th.I heard they have 150 holidays a year(unbelievable).I've heard from a good source that they should have everything rapped up in the next 10 days.Remember though this is Iraq.They don't move too fast over there so be patient.this will happen
Things still to get done over there.
 They have to pass the budget in Parliament
 They still have one more seat to fill for Security to finish off the Gov

Reasons why they want to RV
They want to get into The World Trade Organization.Need A Tradable Currency.There is a 120 companies ready to move in and rebuilt the country but not at 1170/$1.00
Arab Summit in March,Sense of Pride
8 million starving people in Iraq(Big Protest coming up on Feb 25th if nothing done
Just a few but important reasons for RVing
CashOut
Any Questions,Please Email me Thanks
cash1324

iraqidinarforcanadians@gmail.com

Friday, February 11, 2011

Whats happening with the Progress on the Iraqi Dinar?

I haven't had much solid information this week regarding The Iraqi Dinar RVing.We are still waiting on the 2011 Budget being past.(Hopefully Tuesday next week)thats the next day promised Feb15/11 .There is also some talk that
THAT SHABIBI STATING THAT HE WAS MOVING ON THE
DINARS
RATE OF EXCHANGE AS SOON AS THE BUDGET WAS PASSED

We will find out on Tuesday if this is confirmed.We are also waiting on GOI being completed and Announced(Still need 3 more ministers for Security)
There has been a lot of Protesting in Iraq by the people.They want their Basic needs meet like Food,Clean Water,Electicity,Housing.Hopefully this will light a fire under the Politicians to get the Gov Completed and The 2011 Budget Passed
 Good news in Eygpt The President there Mubarak has resigned leaving the military in charge of putting a Democratic Government in place.Looks like all the protesting there paid off
 Iraq has a Big Protest planned for Feb 25th,talking about a million protesters.Hopefully they won't need this

CashOut

Monday, February 7, 2011

Questions About The Dinar????

Good Morning
I had a few questions concerning the Dinar Value When it RV'S.

Do you think the Iraqi Dinar is going to go up to what it was worth before Desert Storm?
Right now the Dinar is at a fixed rate of 1168/1170  to 1 US Dollar.When it revalues in my opinion it will probably go the Approx  Value of The US Dollar to European Euro or $1.00 to $1.36 and then  float(market Driven) up to its old rate of $3.20 US .They could also do a double REVAL.Come out at a Buck,Give everyone 90 days to cash in and then Reval to Its old rate of $3.20.The reason for doing this is for saving money on buying back the currency.There is a possibility of them coming out at $3.20 who knows.They might want to be close to Kuwait Rate of $3.55
 In my opinion and my opinion only i can't see a reval at much less than a buck.It would create a buying spree on the Dinar by the Big Investors much like in the stock market.The CBI would lose control on their Currency.They could also let the currency float upward from its current of 1170/dollar which would also create a buying spree.

 Another Question I had was concening Trusts in Canada?
I phoned a Tax Specialist concerning Trusts this morning.He said trusts in Canada were used in Businesses for Control of the business IE(keep it in the Family) rather than a Tax Saving.
Also investing in Gold/Silver didn't work either for tax saving
 Ideas for cashing in Canada
A GOOD TAX Consultant(When consulting a Tax person don't mention Dinars(keep your info Private)We will probably be taxed either as Capital Gains or Income.(generalise)
Try paying any debt like mortgage,loans to Banks in Dinar
 Income splitting with Spouse
 Gifts for kids,give them Dinars
 Charitys,Churches pay them in Dinars
If you can afford it buy twice as much as you need to Retire to pay the taxes(idea only)problem don't know for sure what it wll reval at(i'm using a $1.00 for that)
Off Shore Corp(email Me)I will tell who i used.


If you have info regarding the Dinar you would like to Donate,please pass it on,so I can Post IT.
Thankyou
CASH OUT
iraqidinarforcanadians@gmail.com

cash1324

Oil Rich Iraqi Dinar 2011

Good Morning
,I found this Article on another Blog.I thought it would show you how history has repeated it self with different currency.Please do not buy additional Dinar because of this.This is informtion only.

This is a very good article to share with others who you want to tell about the dinar opportunity. It’s also good for those who have just invested, and wonder if it’s real. It lists past precedents for making a lot of money from the revalue of a currency.


Some say opportunity knocks only once, other say it knocks all the time. But whatever suits you best, you have got to be ready when it comes. Many people became rich not because of mere chance but because of what they did when the chance came at their very footsteps. While the aftermath of any war is undoubtedly woeful, it could also be a source of wealth for many. In particular, it could create an amazing money-making opportunity.

A lot of our older generation folks missed out on becoming millionaires when they did not purchase Deutsche Marks when World War II caused the currency to plunge in value. Many people missed the opportunity to become millionaires when they did not purchase the Russian Ruble following the Cold War. And in the 90s a lot of people missed out the chance to become millionaires when they did not purchase Dinar in Kuwait at the time of Operation Desert Storm when it hit rock bottom.

Thank heavens, another opportunity to get rich is within our midst now. Yes you got it right; there is actually a great chance that you could become a millionaire in a nick of time by buying currencies at its low rate and waiting for it to revaluate.

It is widely assumed that the very same history of the Deutche Mark, Russian Ruble, and Kuwaiti Dinar will repeat itself in the mold of the Iraqi Dinar. Under Presidential Order 13303, US Citizens are now allowed to invest in the New Iraqi Dinar – extending the same rights to investment as that of an Iraqi citizen. Other investment alternatives such as Stocks, Currency, Bonds, Business and Real Estate in Iraq are also made possible under this order.

While a lot of people have pessimistic views on the future of Iraq, there are many things that you might want to know about the country and its potential for a phenomenal economic turn-around. In the following paragraphs, I will explain why investing in the new Iraqi Dinar proves to be an opportunity that you wouldn’t want to miss, not in your whole lifetime.

Iraq is a tremendously wealthy nation considering its vast oil resources and potential Gross Domestic Product. It is argued that Iraq has the second largest oil natural gas reserves in the world, second only to Saudi Arabia. Its oil is among the world’s undemanding oil to drill and refine making cost production relatively low compared to other oil producers. This implies that the profit margins on their oil production are among the highest in the world.

Despite the damage suffered from a ruthless regime of Saddam Hussein and troubled history of conflicts and violence, Iraq is on the threshold to full recovery and economic stability. The involvement of the United States and other allies is a strong indication that Iraq will not be left to decay into a state of instability. No Western or Middle Eastern nation is going to watch on the sideline while Iraqi’s vast oil deposits and riches succumb lamentably under the control of a rouge country or mutiny.

Because Iraq is a strategic country in the Middle East with incredible potential wealth, it is in the best interest of goodwill nations, as well as in the best interest of the entire world for Iraq to be successful economically and politically. Wise leaders of our world understand that stability and enhanced productivity can curb the occurrence of insurgencies. And to achieve that, the quality of life of Iraqis must be ensured.

Iraqi people are a proud race and would want nothing less than to return to being a major player in the Middle East. And with the current positive developments, everything seems to be pointing towards a healthier, more vibrant economy. It is still too early to draw conclusions about Iraq’s rise to economic freedom. However, many experts would tell you that within the next few months, maybe a year or two, the change would be inevitable.

The history of the oil-rich Iraqi displays strong potential for growth. At one time, the Iraq’s currency was worth over 3000 times what it is currently worth today ($3.2 = 1 Iraqi Dinar). If the Iraq money were to reach a value equivalent to its historical rate of $3.20 US dollars per Iraqi Dinar, the value of an approximate $1000 US dollar of Iraq currencyinvestment for 1 million Iraq money would be worth $3,200,000 US Dollars. Let’s just say the value of the Iraq currency will increase only to that of the lowest valued currency in the mainstream Middle East (or $0.26 = 1 Iraqi Dinar), that would still mean that your $1,000 would be worth $260,000. Either way, it is a big win-win situation for investors like you!

To support this theory, the currency has steadily increased in value since the 2003 invasion. This is an indication that Iraq is well on its way to a recovering economy as well as an increase in exchange its rich natural resources.

Another compelling reason surrounding the value increase of this currency is the current spending of the United States Government in the rebuilding efforts of Iraq. It seems to suggest that the US is expecting a substantial boon in the near future that will cover government spending and debts.

It is quite safe to speculate that the risk for the Iraq money to decrease in value is very minimal. As a matter of fact, history and logic would tell us that it will be the other way around. Investing would be worth investigating.
Cashout
iraqidinarforcanadians@gmail.com

cash1324

Friday, February 4, 2011

How are we progressing with our Dinars

From the information i'm getting February is still looking good,nothing written in stone though.This Iraq and they seem to move at their own pace.
We have the Arab Summit in March
We have Iraq trying to get into the WTO (need a tradeable currency)
Names are picked but not announced for remaining Gov posts(Gov finally formed)
Oil is being pumped in Kurkistan(northern Iraq)
They have done 2nd reading on Budget(need 1 more)
The US is well invested in Iraq,They need a influx of cash by Mar 31/2011 or lose credit rating which is serious
The above are a lot of good reasons why this could happen soon,time will tell,next week could be interesting
CashOut
iraqidinarforcanadians@gmail.com
cash1324