American Contractor http://www.americancontractor.com/ Contact Email: americancontractor@gmail.com en Copyright 2008 Thu, 14 Feb 2008 03:55:09 -0500 http://www.sixapart.com/movabletype/?v=3.33 http://blogs.law.harvard.edu/tech/rss Wishful Thinking at Best Don't believe everything you read especially when it comes to opening a bank branch inside the IZ. Even if you do read it in a supposed copy of a memo from the CBI.

Things can be manipulated and forged.

]]> http://www.americancontractor.com/2008/02/wishful_thinking_at_best.html http://www.americancontractor.com/2008/02/wishful_thinking_at_best.html Thu, 14 Feb 2008 03:55:09 -0500 The CBI Memo Dated 6 Feb 2008 I've been busy as you can see as I have not written anything in several months. Maybe it will all change soon, we shall see.

With all the popularity of the speculation hopes of making it big you would think that you at least have an Arabic translator on the payroll. I see you do not as it is possibly unattainable or maybe too high tech. Which ever the case rest assured the beautiful MK has accurately and professionally translated the CBI Memo dated 6 Feb 2008.

I don’t have it in for Al-Warka Bank nor do I spend much time dwelling on it. It is what it is. When they are doing good well I’ll say so and when they are doing something that is not above board I’ll be sure and mention it.

I believe that an informed investor is a successful investor that is why I had MK translate the CBI Memo. There were a lot of doubts and speculation about what the memo actually said some of you had the main theme but not the particulars. Well, I’m giving you those particulars. Those details you all want to know.

Until next time, when I get a moment maybe I’ll write more. Please feel free to send your comments and or email to americancontractor@gmail.com I read every comment and every email.

Feel free to down load the pdf.

Download file

]]> http://www.americancontractor.com/2008/02/the_cbi_memo_dated_6_feb_2008.html http://www.americancontractor.com/2008/02/the_cbi_memo_dated_6_feb_2008.html Sun, 10 Feb 2008 04:05:36 -0500 The SBA Stand-By Agreement Last August the International Monetary Fund (IMF) had extended Iraq Stand-By Arrangement to the end of December 2007. Iraq has negotiated a new IMF Program for 2008, which the board will consider in a meeting today 19 December.

]]> http://www.americancontractor.com/2007/12/the_sba_standby_agreement.html http://www.americancontractor.com/2007/12/the_sba_standby_agreement.html Tue, 18 Dec 2007 23:28:00 -0500 CEO Al-Warka Bank; Assets and Shares frozen by ISX The wheels of Justice do turn ever so slowly but they do turn.

]]> http://www.americancontractor.com/2007/12/ceo_alwarka_bank_assets_and_sh.html http://www.americancontractor.com/2007/12/ceo_alwarka_bank_assets_and_sh.html Fri, 14 Dec 2007 22:03:36 -0500 Update on Oil Law A sunni cleric is giving this warning to whom ever votes on the Oil Law.

"Whoever does so will be exposed to God's wrath and will have committed the crime of collaboration with the enemy,"
]]> http://www.americancontractor.com/2007/07/update_on_oil_law_1.html http://www.americancontractor.com/2007/07/update_on_oil_law_1.html Thu, 05 Jul 2007 09:10:48 -0500 Iraq Oil Law Delay Iraq's parliament is likely to delay the start of its debate on a newly revised oil revenue-sharing law after both Kurds and Sunnis complained they have not reviewed it.

The Iraqi Cabinet approved the measure unanimously on Tuesday, and the government had said parliament would begin debate on the law Wednesday.

]]> http://www.americancontractor.com/2007/07/iraq_oil_law_delay.html http://www.americancontractor.com/2007/07/iraq_oil_law_delay.html Wed, 04 Jul 2007 10:14:06 -0500 Money: Bet Your Bottom Dinar This is an old article and fortunately for all of you the url is still good. It is a Newsweek article quoting the Deputy Governor of Iraq's Central Bank stating it's illegal to export the dinar.

According to Ahmed Muhammad, a deputy governor of Iraq's central bank, roughly half the 4.5 trillion new dinars have been removed from domestic circulation, either stashed away at home or smuggled out for sale abroad. Iraqi officials say it's illegal to export the dinar, but it's quoted on exchanges as far afield as Pakistan.
]]> http://www.americancontractor.com/2007/07/money_bet_your_bottom_dinar.html http://www.americancontractor.com/2007/07/money_bet_your_bottom_dinar.html Wed, 04 Jul 2007 09:11:20 -0500 The Warka Club - This Postings For You On July 1st I had posted an articled called The Iraqi currency RV is it for Real?

At times after posting thought provoking and enlightening articles I do get occasional comments from people who are connected some how in this Iraq dinar, ISX arena. All comments are welcomed as I do not censor anyone's comments except for the removal of obscenities.

It is the reason I went to an approval based program. Your comments will not be posted immediately only after been approved.

A commenter by the name of Bob had a great comment and I thought I would post it here for all you Warka fans. Below is Bob's comments followed by my comments with help from I must admit from the legal team at the Baby Biltmore.

]]> http://www.americancontractor.com/2007/07/the_warka_club_this_postings_f.html http://www.americancontractor.com/2007/07/the_warka_club_this_postings_f.html Tue, 03 Jul 2007 10:09:39 -0500 Iraq Cabinet approves draft of oil law Prime Minister Nouri al-Maliki's Cabinet has approved a draft of a key oil law, and the Iraqi parliament was expected to begin debate on the measure Wednesday, an official said.

Government spokesman Ali al-Dabbagh said the parliament would open debate on the law, which the U.S. is pressing Iraq to pass to boost reconciliation between the country's Sunnis and Shiites.

]]> http://www.americancontractor.com/2007/07/iraq_cabinet_approves_draft_of.html http://www.americancontractor.com/2007/07/iraq_cabinet_approves_draft_of.html Tue, 03 Jul 2007 07:21:27 -0500 Iraq oil law timeline unsure Still up in the air who will control Iraq's existing oil fields.

"We hope that very soon, definitely within coming months, one or two months from now,"
]]> http://www.americancontractor.com/2007/07/iraq_oil_law_timeline_unsure.html http://www.americancontractor.com/2007/07/iraq_oil_law_timeline_unsure.html Mon, 02 Jul 2007 19:02:18 -0500 50 Dinar More Iraq has increased official petrol prices by around 15 per cent, an Iraqi official said yesterday, delivering the second hike this year to keep promises made to the International Monetary Fund.]]> http://www.americancontractor.com/2007/07/50_dinar_more.html http://www.americancontractor.com/2007/07/50_dinar_more.html Mon, 02 Jul 2007 18:58:35 -0500 Simply Amazing!! After reading the usual web sites that are of interest each morning I came across a posting by one of those heavy hitters on a dinar forum. I use the words “Heavy Hitter” lightly as it means copying and pasting news articles to keep people from leaving the dinar forum and coming back for more. Even if it means removing content from the American Contractor’s Blog and also calling it there own.

]]> http://www.americancontractor.com/2007/07/simply_amazing.html http://www.americancontractor.com/2007/07/simply_amazing.html Mon, 02 Jul 2007 14:56:18 -0500 Another Country with Currency Restrictions As everyone is watching Iraq, another country has placed restrictions on foreign currencies. The Iraqi dinar has less restriction it can be converted to any currency meaning fully convertible however, with one caveat it can only be done inside Iraq.

Sudan has a problem with capital flight with the people creating other avenues to remove the foreign currency away from the visibility of the banking sector. The Central Bank of Sudan is cracking down. I am sure Dr. Shabibi of the CBI is taking note.

]]> http://www.americancontractor.com/2007/07/another_country_with_currency.html http://www.americancontractor.com/2007/07/another_country_with_currency.html Mon, 02 Jul 2007 13:40:00 -0500 The Meeting in London The Iraq 2007 Banking, Finance and Development Conference was just recently held in London and apparently State Owned enterprises are ramping up to be sold to private enterprises who wish to develop these business in Iraq.

]]> http://www.americancontractor.com/2007/07/the_meeting_in_london.html http://www.americancontractor.com/2007/07/the_meeting_in_london.html Sun, 01 Jul 2007 20:37:40 -0500 Kurds woo investors as Iraq knocks at the door "Kurdistan is going to be an alternative to Dubai,"

]]> http://www.americancontractor.com/2007/07/kurds_woo_investors_as_iraq_kn.html http://www.americancontractor.com/2007/07/kurds_woo_investors_as_iraq_kn.html Sun, 01 Jul 2007 14:32:38 -0500