tman23 Come invest in Iraq...OKAY! What are the capital requirements? What are the rates of applied taxes? What is the timeline to move my capital out of country?
How will disputes be handled? What are my liabilities if I employ local workers?...AND what steps are in place to protect my vested interest...
Don't worry about that Mr. Investor... Coming soon will be the investment laws that will describe obligations of the parties... We will tell you all about it AFTER you deposit your funds in Iraq and are neck deep into it!
They need the INVESTMENT LAW first! And then they immediately need to update with monetary reform.
This all ties together...to change values in the middle of the game will have an effect on some and result in an influx of complaints...
Bad news amongst investors spreads fast...Iraq cannot afford bad press from investors at start up!
Poppy3 tman23 THANKS FOR THAT POST .I HAD THAT SAME CONVERSATION YESTERDAY WITH A GROUP OF VERY WEALTHY WELL INFORMED FRIENDS AND YOU ARE EXACTLY CORRECT.
THE HEAT IS ON BECAUSE LIKE YOU SAID BAD NEWS TRAVELS FAST AND FROM ALL INDICATIONS MANY INVESTORS ARE ALREADY BACKING OFF THEIR INVESTMENT IDEAS BECAUSE OF UNREST AND NO PROTECTIONS FOR THEIR INVESTMENT CAPITAL.
Iko Ward :GUYS, NEAR THE END OF THE CALL RUPIAH JUMPED 22% in value. It only lasted a few minutes and now back to normal but totally freaked me out
Mangelo: good evening Iko, hows the market?
Iko Ward: At the moment forex is status quo but im sure you heard DC say it will lag behind
Iko Ward: Not sure everyone saw my post after the call. Right near the end the rupiah jumped 22% for about ten minutes. Could gave been a mistake but man what an adrenaline rush. Went back to normal
Iko Ward: I am cautiously convinced we will be in the banks by Tuesday
Kgmachorro: WOW! A bank story in my LITTLE town in Washington State
Yesterday at work I assisted a woman photocopying her Zimbabwe currency. She informed me that the RV was in process stating the Bank had made some kind of agreement with her regarding cashing out her currency, something about dropping 3 zeros. I didn't say much but got a strong impression she was cashing out already prior to the RV.
This is from my friend who works at our local library. It's almost here friends! Hang in there. We live in little town America.
pebbles May 22, 2015 at 5:10pm
Immigration announces the issuance of 258 thousand smart card for displaced people
Thursday 21-05-2015 | 8:49:42
Twilight News / Minister of Displacement and Migration Jassim Mohammed said on Thursday that the total was released from smart cards for displaced people until the twentieth of this month amounted to 258 thousand card.
Muhammad and demanded the Ministry of Finance, regardless of the remaining advance trillion dinars for relief to the displaced, calling on the House of Representatives to an adjustment and transfers for this purpose, as the problem of the displaced come in the first place under the current circumstances.
The minister said at a news conference in the House of Representatives with the President and members of the deportees and displaced parliamentary "We at the ministry began issuing smart card for displaced people since the first of April, with a total of was released until the twentieth of this month, 258 thousand card".
He added that "in the next week will be the disbursement of funds for 99 thousand card, and will be the first installment million dinars for each family to be disbursed through government and private banks and bureaux de change."
Mohammed said, according to a ministry statement reported to Twilight News that "the amount charged by the party that acted grant from bailer is three thousand and five hundred dinars, only to change, and any bank or office shall receive from displaced more than this amount is contrary to the controls."
The minister pointed out that "there are three thousand port to deliver grants through the smart card, smart card has reached the proportion in the issuance of a number of provinces 100%."
He continued by saying that the problems in the issuance of cards is limited in two ways. First, hot and crowded displaced governorates of Anbar, Salahuddin, Diyala and Kirkuk, the percentage of release in these provinces 50-60%, and the second problem that we faced was the lack of branches of the Rafidain and Rasheed in the Kurdistan Region and the lack of outlets Previously enough, it has been open ports in the region after the agreement on the smart card issuance. "
And that "currently the proportion of issuance in the region is estimated at about three thousand cards a day, but this figure is not enough, and we continue permanent and coordination with the authorities in the region and there hard work with the Rafidain and Rasheed global company smart card to increase the version there."
He said Mohammed "We will go, God willing, with the brothers members of the Committee on the deportees and displaced parliamentary early next week to the region for the purpose of solving some of the problems related to open ports to issue the smart card, and assure the brothers displaced in the province, they are even if they were late in receiving their entitlements 15 days or months understand Sestelmoha the rest of the displaced In central and southern governorates, namely, there may be a delay in the release but their right to receive the grant content similar to their counterparts a hundred percent. "
With regard to the Anbar file, the minister said, "We are from the first day we moved in the Ministry of Displacement and Migration within our competence and within the aid of our duty to provide, and even today we have shipped 55 large truck loaded with food, tents, mattresses and blankets for the relief of our people displaced in the areas of Khalidiya and Habbaniyah and Amiriyat al-Fallujah, and work constant in this area in coordination with the United Nations organizations, local authorities and security authorities, but in such a conditions characterized by dangerous there must be obstacles and security constraints, military or even coordination, the issue need the cooperation of all stakeholders, not just the Department of Immigration and maintain their own You may meet all needs. "
He added: "There was an amount trillion dedicated dinars advance of the Higher Committee for Relief and shelter the displaced, and in the light of the advance decided Commission contracted to carry out relief and shelter tasks, but this one trillion have not been fully received, but received 861 billion of it all, and now the High Commission and the Ministry is on them obligations the remaining amount Ksrv million grant for families that do not receive the grant and obligations with those who have worked for the benefit of displaced people both in terms of food or shelter by the provinces or by the ministry, that is, the Supreme Committee and consequent debt with this money. "
He continued: "We have on stakeholders in the government and the House of Representatives and the Finance Ministry to find us a solution, it has knocked on all the doors, and walk all the roads in order to find a legal solution to this problem but still remain," adding: "The Parliament passed a resolution that the Ministry of Finance to act The funds for the relief of displaced people, but when we went to the Ministry of Finance did not get a solution. "
He added: "We have asked an amendment to the budget bill so that we can receive these funds from the budget of 2015, but the Legal Department of the General Secretariat of the Council of Ministers told us that the government is challenged in the budget law and Atrsl any draft amendment, for this I call on the presidency of parliament to the use of its powers in Amendment chapters of the budget and carry materials and add to the interest of the displaced, because the problem of displaced people today above all the problems, and on all parliamentary committees to work on this subject today because we Mattlon from this point of view. "
The minister concluded his speech by saying: "We at the ministry in coordination with the brothers of the Committee for the deportees and displaced prosecutors and other parties are working day and night for the relief and sheltering displaced people and offer all what we can do for them, but red tape in the state in general instructions hand and matters relating to the purchase of materials created our routine problems in this aspect, and we will bring this topic in the Council of Ministers for the purpose of obtaining an exemption from the implementation of the budget instructions, because these instructions under emergency circumstance that we are going through useless and burden the displaced. "