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Monday, January 25, 2016

MILLIONDAY TIDBITS, 25 JAN

“Iraq has signed today a cooperation agreement with the Union of Arab Banks…” THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET — BANKING IS MOVING AND DEVELOPING — THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT.
IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING. IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC. [Do you think Article 8 and a rate change will happen at the exact same time?] I THINK IT IS A RESULT — YES.    

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