(Post by Debbie (The IQD Team))
The IQD Team Conference Call
Notes and Articles from Conference Call:
August 30, 2011
Joey, Tim, Diana, Vic, Debbie & Yukon
YUKON: We are about bringing truth and balance with our investment to the dinar community as always
We will continue to bring what we always tried to: news, topics, education..Post & Pre RV
Only our 3rd call....no website yet....in the works...email any questions to email@example.com
Our hours for this week will be Thursday & Sunday 8 PM EST - 11 PM EST
Yukon talks about the devastation of the continuing storms and floods and that we are missing one of our
own members, Diana due to the power outages - we hope she will be able to be back in her home soon and back with all of us.
The IQD Team stands for - INVESTIGATE....QUESTION.... AND DELIVER
Replay for all Calls: 209-647-1699 Pin 880162# immediately after call ends
We thank our friends at the following forums for getting our word out:
Transcript and article links: Usually posted on Dinar Recaps 6PM
Dinar Daddy (www.theiraqidinar.com) after 2PM
Peoples Talk Radio (www.peoplestalkradio.com) after 2PM
We lost our transcriber Loves Love (Scott) and miss his detailed work but he had family that needed him too
so this will have to do for now.....until we can find another one.....
There is a short delay in the start of the recording
209-647-1699 PIn 880162#
THE WOW ARTICLE OF THE DAY
DEB READS & JOEY FOLLOWS UP ON THE WOW ARTICLE OF THE DAY:
Read More button on right
1) Central Bank reveals details of Iraq's new currency
TUESDAY, AUGUST 30 / AUGUST 2011 09:15
News twilight / the central bank of Iraq, Tuesday, that the new Iraqi currency will increase by three zeros,
indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen
the value of the Iraqi currency.
The deputy governor of Central Bank of Iraq in favor of the appearance of Mohammed in an interview with
"Twilight News" that "the central bank is determined to raise three zeroes from the currency of the new Iraqi
and presented its project to the government and the House of Representatives, is awaiting the government's
decision and the Council of Representatives."
Shows the economists, that the process of deleting three zeros from the Iraqi currency will raise its value,
and to increase the purchasing power of citizens, pointing to the need to follow the policies of peaceful
citizens and to persuade them to get used for a period not exceeding two years.
And the benefit of that "project raise three zeroes from the currency made by the government five years
ago to the Central Bank, and has undergone during this period to an extensive study over the need to raise
the value of the zeros to strengthen the Iraqi currency."
He added that "the deletion of zeros to enhance the value of the Iraqi currency and reduce the cost of
handling cash, currency, and its current estimated size of today Petrlionat dinars, which makes the process
of dealing with critical high cost."
The Central Bank of Iraq began to discuss amending the dinar categories last year. And is still a large part
of the payments are in cash because of the evolution of the banking system.
It is said that the President of the Iraqi Securities Commission, had confirmed, earlier, that the deletion of
zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares.
2) Central Bank accused of sabotaging the political forces of the Iraqi economy
Baghdad / Orr News
3) The Most Anticipated Memoir of the Year
Cheney says Iraq leaks came from Bush
4) Analysis: Iraqi bank sector ripe but reluctant for bids
BAGHDAD | Mon Aug 29, 2011 12:02pm EDT
JOEY READS FROM AN EARLIER ARTICLE (Aug 12)
5) Plans for the Iraqi Dinar Reorganization
Yukon & Vic discuss Warren Buffett and Bank of America
6) Experts: Iraq unable to deter any external aggression
7) Thanks to "Operation New Dawn" may be a good sign! found on Dinar Vets posted by JLUV
240 Soldiers Prepare To Leave For Iraq
Families, Friends Say Goodbye For 1 Year
POSTED: Monday, August 29, 2011
UPDATED: 8:06 pm EDT August 29, 2011
8) Maliki calls to unite against terrorism
Monday, August 29, 2011 14:13 GMT
9) One million sign petition against attacks
Erbil, August 29 (AKnews)
Tomorrow first day of Eid al-Fitr
Amid tight security. Iraqis are celebrating the first Eid days/report/
10) Deputy Talal al zub'i calls for Al-Maliki, Allawi to make use of the festival of fastbreaking
Reconciliation and overcoming disagreements and the interests of the people
Haidar Ali Jawad -30/08/2011
11) Joey Stability and economic recovery in main wishes Eid al-Fitr
Baghdad, Qassim Hilfi
12) Activist and journalist attacked in Sulaimaniya
13) Iraq agrees to enter the Italian 16 companies to build housing payment term
14) Deputy: Iraqi leaders resume their meeting at the home of Talabani after the Eid al-Fitr
Arbil, 29 August
15) HCL Passed ‘The draft of the oil and gas law has been approved and referred to parliament,’ a cabinet
statement said on Sunday.
DINAR DADDY...AUGUST 28TH, 2011 09:42 AM · POSTED IN NEWS (IRAQ & WORLD CURRENCY)
BAGHDAD, Aug 28 (Reuters)
16) Iraq Cabinet gives its oil law the green light
By BEN LANDO of Iraq Oil Report
Published August 28, 2011
(Article subscription only therefore article below for those who do not subscribe)
The Iraqi Cabinet approved a draft oil and gas law and warned Parliament to scrap its rival draft, setting
the stage for a showdown over competing interests in governing the oil sector.
Earlier this month, frustrated with government inaction, Parliament's Oil and Energy Committee pushed
forward a version of a draft law. Parliamentarians even began giving it a first reading, but they lost quorum
when several MPs, led by those loyal to Prime Minister Nouri al-Maliki, walked out of the session, ending the
"The House of Representatives should … withdraw all previous versions," the Cabinet said in a statement,
adding that "this draft is to be the only version submitted to the House of Representatives."
There are no details of the bill, per the Cabinet's usual discretion. Meetings take place behind closed doors.
The approval of the law was only announced Sunday, Aug. 28, though the decision was taken on Thursday, Aug. 25.
Parliament is on recess until Sept. 6, after the Eid al-Fitr holiday, which marks the end of Ramadan. It's unclear
when this bill will be taken up, how the legislative process will account for multiple drafts, and how
to apply the late 2010 ruling by the Federal Supreme Court that only the Council of Ministers – not Parliament
– has the sole authority to submit official draft laws for consideration.
Based on contracts with foreign oil companies, Iraq has plans to increase oil production capacity from 2.75
million barrels per day (bpd) now to more than 13.5 million bpd in seven years. The country exported 2.167
million bpd of crude in July, earning more than $7.3 billion.
Iraq also wants to be self-sufficient in natural gas, refined products and electricity, eventually becoming a
net exporter of all three. The Oil Ministry held a bidding round for three dry gas field development contracts
last year, and has begun partnering with Shell and Mitsubishi in a controversial deal that would capture
associated gas from crude production in Basra.
The 2005 Constitution called for a new law to govern the oil sector, but politicized disputes delayed any
meaningful dialogue over the legislation. The most heated arguments have centered on the distribution of
power between the central and local governments and the role that foreign oil companies should play in oil
A draft law was submitted by Iraqi oil experts in late 2006, and was agreed to in principle by central and
Kurdistan regional government officials in early 2007 – but then promptly disintegrated into competing
versions amidst bellicose politics.
Since then, both the Kurdistan Regional Government and the central government have signed, combined,
more than 55 oil and gas contracts. Each criticizes the other's deals as being illegal or detrimental to the
country's proper oil sector development.
Without a broad law governing such issues, legal ambiguity remains. In essence, the country has two oil
sectors, and the friction between them has ignited disputes over the proper redistribution of the revenues.
The Parliament committee has been the most vocal proponent of coming to a resolution. Its chairman,
Adanan al-Janabi, has said that new laws – a framework law to govern the oil sector and another law to
re-form the Iraqi National Oil Company – could be vehicles for reconciliation.
Janabi's committee has also officially requested that Parliament pass a ban on all oil deals signed by the
federal or local governments until an oil law is reached. Such a measure draws on Parliament's position that
under the current ad hoc legal regime, any oil deal requires approval by the legislature – a claim that both
the KRG and the Maliki government has rejected.
Still, the threatened ban on oil deals could help pressure the political factions to move forward on the oil
17) Eight new power stations ready to generate
AKNEWS 29/08/2011 18:11
18) Parliament to probe Shahristani over fake contracts
19) Found at BondLadys Corner (Thanks to Peak Dinar)
Iraqi cabinet seeks to cancel previous federal oil law drafts
Baghdad (Platts)--29Aug2011/1129 am EDT/1529 GMT
20) CBI Tuesday first day of Eid Holiday. Reminder: CBI on holiday this week
Posted: August 30, 2011 by THE CURRENCY NEWSHOUND
Q & A:
Private Banking Discussion - What to do now to get ready for the RV and what NOT to do.
Joey & Vic answers question and discussion about Erbil, Paris Debt & Gazette Publishings and explanations
Articles shared by the listeners, Charities that are reputable, Bonds, Is there an article that says "give me a 3
day holiday and I will give you an RV?
Caller thanks Vic & Joey for the best explanation they have ever heard to two questions...
Vic Explains where the money comes from?
Vic & Joey explain to another caller (who was very upset) WHY THIS WILL NOT BE A LOP - (in their opinion)
For our special caller and for all callers, the answers were put on a Special Voice Mail Box (16 minutes)
641-715-3900 Pin 264795# OR
Link: RECORDING MP3
(This is a MP3 download that might take 30-60 seconds to download)
Next Call: Thursday & Sunday 8PM EST
209-647-1699 Pin 880162# or Back up Pin 361850#