It was a great meeting and really wish you all could have been there. I’ll talk more more about this meeting later. Download the PDF and see the pics.
AC Meets Ministry
April 2011Monthly Archives
American Contractor meets the Ministry of Communications
CBI Plan to Re-denomination not Finalized
There has been some great news articles recently published in Baghdad. For those of you that rely on translators, I have one bit of advice for you, don’t put too much faith into the Arabic to English translators. Many of them create numerous errors and often lead to misinformation. I’ve seen this happen way too many times over the course of several years and have noticed it even more recently. My inbox has been bombarded with emails from readers whom have asked me to clarify or confirm something that has been translated only to discover that the information was completely false. In fact, many of the mistranslations of certain words have lead people to believe that a possible RV is around the corner. It appears that many of the mistranslations are in regards to certain news articles that the Central Bank of Iraq is about to change the currency and than an RV will occur shortly after. In my last emailed newsletter I stated that the re-denomination (if it does in fact occur) is not the RV that everyone is expecting. I have several of my own personal Arabic translators whom I trust and welcome any of my readers to email with their questions in regards to translations.
Iraq Currency Re-Done After Parliament Sign-Off
There are a few points and observations that the American Contractor would like to make in reference to the Central Bank of Iraq and what the esteemed Dr. Shabibi is currently doing. First, Dr. Shabibi has not given any interviews on Iraqi TV discussing the topic of the Iraqi Currency in recent weeks nor months. Dr. Shabibi refrains from making any public statements to any media and only allows his Public Relations Rep to handle those topics which are sensitive in nature. When it comes to Iraq, it seems that any kind of trivial comment snowballs into an out of control rumor. Just to clarify and make it clear, the Central Bank of Iraq is not shredding the Iraqi Dinar as some would like to suggest and imply. There is absolutely no truth to this rumor.
Central Bank and More Currency Markets
This week has been a good week. The Iraqi Parliament has begun
collecting their 100 million Iraqi dinar loans, this also comes at
the same time Parliament employees protest the reduction of
salaries.
The Ministry of Defense position still remains vacant. A total of
six names have been sent to Prime Minister Maliki with the hopes of
having and selecting one qualified candidate. We can only hope
that this will be accomplished very soon.
