Betting on Baghdad

Investing in Iraq

UNAMI Mandate to end 31 July 2011

UNAMI Mandate

From Security Council Resolution 1936 - 5 August 2010 The Security Council, 1. Decides to extend the mandate of the United Nations Assistance Mission for Iraq (UNAMI) until 31 July 2011; 2. Decides further that the Special Representative of the Secretary-General and UNAMI, at the request of the Government of Iraq, and taking into account the letter of 28 July 2010 from the Minister of Foreign Affairs of Iraq to the Secretary General (S/2010/404, annex), shall continue to pursue their mandate as stipulated in resolution 1883 (2009); From Security Council Resolution 1883 - 7 August 2009 The Security Council, 1. Decides to extend the mandate of the United Nations Assistance Mission for Iraq (UNAMI) for a period of twelve months from the date of this resolution; 2. Decides further that the Special Representative of the Secretary-General and UNAMI, at the request of the Government of Iraq, and taking into account the letter of 29 July 2009 from the Minister of Foreign Affairs of Iraq to the Secretary General (S/2009/ 395, annex), shall continue to pursue their expanded mandate as stipulated in resolutions 1770 (2007) and 1830 (2008); From Security Council Resolution 1830 - 7 August 2008 The Security Council, 1. Decides to extend the mandate of the United Nations Assistance Mission for Iraq (UNAMI) for a period of twelve months from the date of this resolution; 2. Decides further that the Special Representative of the Secretary-General and UNAMI, at the request of the Government of Iraq and taking into account the letter of 4 August 2008 from the Minister of Foreign Affairs of Iraq to the Secretary-General (S/2008/523, annex), shall continue to pursue their expanded mandate as stipulated in resolution 1770 (2007); UNAMI Mandate Renewed-UNSCR 1770 The UN Security Council renewed UNAMI’s Mandate (UN Security Council Resolution 1770) expanding UN role in Iraq. Below the main points pertaining to the new mandate: The Security Council, Decides to extend the mandate of UNAMI for another period of twelve months from the date of this resolution; Decides further that, as circumstances permit, the Special Representative of the Secretary-General and UNAMI, at the request of the Government of Iraq, shall advise, support, and assist: the Government and people of Iraq on advancing their inclusive, political dialogue and national reconciliation; the Government of Iraq and the Independent High Electoral Commission on the development of processes for holding elections and referenda; the Government of Iraq and the Council of Representatives on Constitutional review and the implementation of constitutional provisions, as well as on the development of processes acceptable to the Government of Iraq to resolve disputed internal boundaries; the Government of Iraq on facilitating regional dialogue, including on issues of border security, energy, and refugees; the Government of Iraq at an appropriate time and in connection with progress on reconciliation efforts, on planning, funding and implementing reintegration programmes for former members of illegal armed groups; the Government of Iraq on initial planning for the conduct of a comprehensive census; promote, support, and facilitate, in coordination with the Government of Iraq: the coordination and delivery of humanitarian assistance and the safe, orderly, and voluntary return, as appropriate, of refugees and displaced persons; the implementation of the International Compact with Iraq, including coordination with donors and international financial institutions; the coordination and implementation of programmes to improve Iraq’s capacity to provide essential services for its people and continue active donor coordination of critical reconstruction and assistance programmes through the International Reconstruction Fund Facility for Iraq (IRFFI); economic reform, capacity-building and the conditions for sustainable development, including through coordination with national and regional organizations and, as appropriate, civil society, donors, and international financial institutions; the development of effective civil, social and essential services, including through training and conferences in Iraq when possible; the contributions of UN agencies, funds, and programmes to the objectives outlined in this resolution under a unified leadership of the Secretary-General through his Special Representative for Iraq; and also promote the protection of human rights and judicial and legal reform in order to strengthen the rule of law in Iraq; Recognizes the important role of the Multi-National Force Iraq (MNF-I) in supporting UNAMI, including security and logistical support, and further recognizes that security is essential for UNAMI to carry out its work on behalf of the people of Iraq; Calls on Member States to continue providing UNAMI with the necessary financial, logistical and security resources and support to fulfil its mission; Expresses its intention to review the mandate of UNAMI in twelve months or sooner, if requested by the Government of Iraq; Requests the Secretary-General to report to the Council within three months from the date of this resolution on UNAMI operations in Iraq, and on a quarterly basis thereafter on the progress made towards the fulfilment of all UNAMI’s responsibilities; and Decides to remain seized of the matter UNAMI Mandate - UNSCR 1546 In accordance with Security Council Resolution 1546, the mandate of the United Nations Assistance Mission for Iraq (UNAMI) is as follows: “… in implementing, as circumstances permit, their mandate to assist the Iraqi people and government, the Special Representative of the Secretary-General and the United Nations Assistance Mission for Iraq (UNAMI), as requested by the Government of Iraq, shall: (a) Play a leading role to: (i) Assist in the convening, during the month of July 2004, of a national conference to select a Consultative Council; (ii) Advise and support the Independent Electoral Commission of Iraq, as well as the Interim Government of Iraq and the Transitional National Assembly, on the process for holding elections; (iii) Promote national dialogue and consensus-building on the drafting of a national constitution by the people of Iraq; (b) and also: (i) advise the Government of Iraq in the development of effective civil and social services; (ii) Contribute to the coordination and delivery of reconstruction, development, and humanitarian assistance; (iii) Promote the protection of human rights, national reconciliation, and judicial and legal reform in order to strengthen the rule of law in Iraq; and (iv) Advise and assist the Government of Iraq on initial planning for the eventual conduct of a comprehensive census;

Iraq - Security Council Meeting 19 July 2011 (UN Encourages Iraq to proceed with redistribution of wealth)

TEXT OF A LETTER FROM THE PRESIDENT(between the lines)

Recognizing positive developments in Iraq, the United Nations Security Council decided, in Resolution 1956 (2010), to terminate on June 30, 2011, arrangements concerning the Development Fund for Iraq established in Resolutions 1483 (2003 ) (instrument that established the current Iraqi Exchange Rate) and 1546 (2004). The Security Council also called upon the Iraqi government to finalize the full and effective transition to a post‑Development Fund mechanism by June 30, 2011. (Determine and Establish the NEW Exchange Rate) My administration will evaluate Iraq's ongoing efforts in this regard, as well as its progress in resolving outstanding debts and claims arising from actions of the previous regime, so that I may determine whether to continue beyond June 30, 2011, the prohibitions contained in Executive Order 13303 of May 22, 2003, as amended by Executive Order 13364 of November 29, 2004,on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq, the accounts, assets, and property held by the Central Bank of Iraq, and Iraqi petroleum‑related products, which are in addition to the sovereign immunity accorded Iraq under otherwise applicable law.

Sincerely,

BARACK OBAMA

General Petraeus on investing in Iraq

New Head of IMF in First News Conference

Christine Lagarde pledges diversity & openness, says jobs will be key focus

Washington, DC

Wednesday, July 6, 2011

The new managing director of the International Monetary (IMF) Fund met with reporters at the organization's Washington, DC headquarters this morning.

Christine Lagarde said she would focus on employment issues even more than budget deficits during her tenure. She also promised to diversify the staff and make the institution more responsive to developing countries, telling the media "the value of diversity is top on my list of priorities...it's not just gender diversity, it's about culture, it's about academic background."

Ms. Lagarde was chosen late last month to lead the IMF after the resignation of Dominique Strauss-Kahn, who was facing sexual assault charges in New York.

She was France's first female Finance Minister and the first woman to run the IMF. Previously, she served as the French Trade Minister and Agriculture Minister; prior to that she spent part of her career in the U.S. as a corporate attorney.

According to a Reuters report, Lagarde's contract with the IMF holds her to "highest standards of ethical conduct consistent with the (IMF's) values of integrity, impartiality and discretion," language that was not in place under her predecessors. It also requires her to avoid "even the appearance of impropriety." She will earn $467,940 a year, net of income taxes, plus an allowance of $84,000, according to her contract.

The organization's website says the IMF "promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade, and provides resources to help members in balance of payments difficulties or to assist with poverty reduction."

The IMF was created in 1945 after World War II, as an attempt to avoid the financial policies that led to the Great Depression. The organization currently has 187 member countries. It is a specialized agency of the United Nations but has its own charter, governing structure, and finances.

National Emergency with Respect to the Stabilization of Iraq to Continue for Full Year

Media Note

Office of the Spokesperson

Washington, DC

June 30, 2011

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The United States has completed its evaluation of Iraq's ongoing efforts to finalize the full and effective transition to a post-Development Fund for Iraq mechanism by June 30, 2011. Recognizing positive developments in this regard, including progress in resolving outstanding debts and claims arising from actions of the previous regime, and in accordance with the President’s May 17, 2011 Notice on the Continuation of the National Emergency with Respect to the Stabilization of Iraq, the President has determined to continue these arrangements for the full twelve month period ending on May 20, 2012. As a result, the prohibitions contained in Executive Order 13303 of May 22, 2003, as amended by Executive Order 13364 of November 29, 2004, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq, the accounts, assets, and property held by the Central Bank of Iraq, and Iraqi petroleum-related products, which are in addition to the sovereign immunity accorded Iraq under otherwise applicable law, will remain in effect until May 20, 2012. Iraq has made significant strides in resolving its outstanding international liabilities and continues to work towards returning Iraq to the international standing it held prior to the Saddam Hussein regime.

Dinar Daddy ...... Website

Viewers I have to state that after much investigation I have found that much of the information that I tried to verify from dinar daddy.... could not be confirmed. I as of today will not continue to endorse dinar daddy...... as a trusted source of Iraq Dinar information. Much of my information comes from the UN, IMF and the World Bank and can be confirmed. The Iraq Dinar will Revalue keep the faith.

Dr. M

Jim Cramer on Iraq

Iraq takes over billions in oil revenue set aside by U.N.

By the CNN Wire Staff

July 1, 2011 9:41 a.m. EDT

(CNN) -- Iraq took control Friday of billions of dollars in oil revenues set aside by the United Nations following the 2003 U.S.-led invasion that toppled Saddam Hussein, money intended to be used build up the country's economy.

The U.N. Security Council hand over of the Development Fund for Iraq is considered a milestone for Iraqi autonomy, which comes as the United States prepares to withdraw its roughly 47,000 troops from the country by the end of the year.

"The members of the Security Council welcomed the Government of Iraq's establishment of a successor arrangement for the transition of the Development Fund for Iraq," the United Nations said in a statement released Thursday.

The fund will be turned over to an Iraqi committee of financial experts that will operate under terms approved by Iraq's Council of Ministers, it said.

In the statement, the Security Council reiterated the commitment by Iraq to "ensure that oil revenue is used in the interests of the Iraqi people, and to ensure that transition arrangements remain consistent with the constitution and with international best practices in respect of transparency, accountability and integrity."

A 2003 Security Council resolution that created the development fund requires 5% of Iraq's oil revenue be used to pay reparations, primarily Kuwaiti claims that arose from the 1991 Gulf War.

In December, the Security Council lifted all but a few sanctions put in place prior to the invasion. Among the issues to still be resolved: war reparations to Kuwait, the demarcation of the Iraqi-Kuwait border and efforts to locate missing Kuwaitis and third-party nationals.

De La Rue Increase in sales of currency counting machine

De La Rue plc Reports Preliminary Consolidated Earnings Results for the Year Ended March 26, 2011; Proposes Final Dividend, Payable on August 4, 2011

05/24/2011

De La Rue plc reported preliminary consolidated earnings results for the year ended March 26, 2011. For the quarter, the company has reported revenue of £463.9 million compared to £561.1 million for the same period a year ago. Operating profit was £24.8 million compared to £101.7 million for the same period a year ago. Profit before interest and taxation was £79.9 million compared to £108.0 million for the same period a year ago. Profit before taxation was £72.8 million compared to £96.6 million for the same period a year ago. Profit attributable to equity shareholders of the company was £66.9 million compared to £69.9 million for the same period a year ago. Diluted EPS was 67.2 pence compared to 70.5 pence for the same period a year ago. Net cash flows used in operating activities was £15.5 million compared to net cash flows provided by operating activities of £95.1 million for the same period a year ago. Purchases of property, plant, equipment and software intangibles was £30.7 million compared to £33.1 million for the same period a year ago. Headline earnings per share was 24.0 pence compared to 76.2 pence for the same period a year ago. The company announced final dividend per equity share of 28.2 pence has been proposed for the year ended 26 March 2011, payable on 4 August 2011. Record date of ordinary dividend is on July 8, 2011. Ex dividend date is on July 6, 2011. Together with the interim dividend paid in January 2011, this will give a total dividend for the year of 42.3 pence compared to 42.3 pence per share for the same period a year ago.

Strauss-Kahn Case

Dominique Strauss-Kahn Case Reportedly Near Collapse

By JENNIFER PELTZ and TOM HAYS 07/ 1/11 02:14 AM ET

NEW YORK -- A law enforcement official tells The Associated Press that the accuser in the New York City sex assault case against a former International Monetary Fund leader has lied about circumstances surrounding the alleged attack.

The official also says prosecutors also believe Dominique Strauss-Kahn's accuser has lied about her background. The official is speaking on condition of anonymity to discuss details not yet made public in court.

The official says prosecutors believe the hotel housekeeper lied about various details on her application for asylum in the U.S., including a claim that she had been raped in her native Guinea.

The official says prosecutors also believe she lied about some of her activities in the hours surrounding the alleged attack, but they haven't necessarily questioned her account about the incident itself.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

Prosecutors have serious questions about the credibility of a hotel housekeeper who has accused former International Monetary Fund leader Dominique Strauss-Kahn of raping her, and they are taking the extraordinary step of seeking a substantial reduction in his pricey bail, a person familiar with the case said Thursday.

The person, who spoke on condition of anonymity to discuss matters not yet made public in court, told The Associated Press that prosecutors have raised issues about the accuser's credibility in the case against Strauss-Kahn, but would not elaborate on what those issues were.

A separate law enforcement official who is familiar with the case, but not authorized to speak about it publicly, told the AP that the issue was not necessarily about the rape accusation itself, but about troubling questions surrounding the alleged victim's background that could damage her credibility on the witness stand. The official refused to elaborate.

The New York Police Department, which investigated the case, declined comment. The woman's lawyer did not immediately return a telephone call seeking comment.