stlou says to (15:01:17):
1. government's readiness to provide all possible facilities for foreign companies wishing to invest in iraq.
1a. if you are average Joe Blow company, without a tradeable currency, or means to which you could extract profits out of iraq...where is the readiness?
2. "Cancel restrictions on the national and foreign capitals"
2a. is this what I read? no restrictions?
busman says to (15:05:02): this is a good thing "in order not to count only on oil and gas sectors."
3. "We are fully ready to provide all facilities and conduct amendments on the Investment law if we see any adjustment that may contribute in attracting the foreign companies to participate in the process.."
GOP says to (15:21:57):can't they pay foreign companies in truck loads of dinar, and those companies convert the dinar to a recognized currency before taking it out of Iraq?
Read More LInk On Right
stlou says to (15:22:25): is there not a restriction on how much USD leaves Iraq?
GOP says to (15:22:49): I think that is true stlou...
stlou says to (15:29:03): and did Maliki state that they would remove certain restrictions? but the question is..what are they?
GOP says to (15:30:06): does not look like he was specific.. 'would cancel certain restrictions'..
GOP says to (15:36:18): It sure seems like a tradeable currency with a good value would be an incentive to foriegn investors
tmac096 says to (15:37:01): whats wrong with the dinar GOP everybody wants them,... like Iran,Syria. lol
GOP says to (15:37:30): well.. other than how they smell.... ..
Med says to (15:37:40): HEY KIDS...YOU UNDERSTAND THAT NO RESTRICTIONS ON FOREIGN CAPITAL.....IS NOT HOW MUCH YOU CAN TAKE OUT OF IRAQ' RIGHT IT HAS NOTHING TO DO WITH DINAR OR USD
GOP says to (15:38:37): that would be how much could be invested in Iraq??
Med says to (15:38:43):NO IT IS HOW MUCH PHYSICAL PROPERTY THEY CAN OWN IN IRAQ IRAQ HAS STRONG RESTRICTIONS ON JUST WHO CAN OWN A PIECE OF THE COUNTRY AND THEY REMEMBER WOULD ONLY LEASE PROPERTY AND NOT FOR A LIFETIME LEASE SO IN LIKE 20 YRS IF IRAQ WANTED TO SAY THAT COMPANY YOU MADE HERE IS NO LONGER YOURS THEY COULD
GOP says to (15:41:30): So, do you think M saying they would change those restrictions is significant?
tmac096 says to (15:47:17): yeah, I was wondering if he is just blowing smoke up their robes.
BAM BAM says to (15:47:35): SMOKEY ROBES LOL
Med says to (15:47:36): YES IT IS VERY
stlou says to (15:48:45): it could have WTO implications..
Med says to (15:49:03): NO HOW
stlou says to (15:49:24): do they not have to have another commodity other than oil?
Med says to (15:49:46):YES IRAQ HAS TO PRODUCE ONE THING MINIMUM THAT IS WANTED BY OTHER COUNTRIES ON A REGULAR BASIS
stlou says to (15:50:00): the article referenced other industries, such as agriculture
busman says to (15:50:04): The PM continued saying “Iraq heads towards building diverse economy in
Med says to (15:50:12): THAT IT PRETTY SIMPLIFIED EXPLANATION
stlou says to (15:50:47): it would seem to me that they may need foreign company expertise in order to pull that off Med..don't you think?
Med says to (15:50:57):HECK YES
busman says to (15:51:09): in fields of the industry, agriculture and tourism in order not to count only on oil and gas sectors.”
Med says to (15:51:13): NOONE THERE RIGHT NOW HAS THE COMMON SENSE GOD GAVE LITTLE GREEN APPLES
stlou says to (15:51:28): so they would need to create the proper climate in order to get that expertiese into the country in order to accomplish that
Med says to (15:51:46): WHY DO YOU THINK MALIKI WAS EXTENDING THE OLIVE BRANCH
tmac096 says to (15:51:48): thats an insult to little green apples
Med says to (15:51:50): TO ALL IRAQIS WHO HAD SOME INTELLIGENCE TO COME BACK
stlou says to (15:52:08): because he has none?
Med says to (15:52:16): THAT IS FOR SURE
stlou says to (16:32:42): BAGHDAD (Iba) … escalated the differences within the bloc «National Alliance» on the nomination of a new governor of the Central Bank, the successor to the article Shabibi, and Parliament will discuss next Tuesday to choose the alternative in the pursuit to pass a law eliminating the acting government positions
so.. parliament is going to pass a law removing proxy positions.. this would include the following:
Defense Minister CBI head and anyone else maliki appointed without the consent and vote of parliament
The Iraqi constitution stipulates that the task of choosing the central bank governor and all independent bodies should be done through the parliament.