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Saturday, May 28, 2016

DINAR GURUS UPDATE, 28 MAY

5-28-2016  Newshound Guru wmawhite  Folks...this is GREAT!   "Official: Iraq seeks to open up banking cooperation at the Arab and international levels"   this says it all!  "general manager of the Rafidain Bank spokesman Kamal al-Hassani said: keep pace with the achievements reached by the developed world in the banking systems, he has been putting the finishing touches to complete the project activate MasterCard service, in coordination with the company's global card..."  We are at that point in time that we are looking when an Iraqi can use his/her credit card drawn on his/her bank in Iraq and buy that food at some store anywhere in the world.   [post 1 of 2....stay tuned]

5-28-2016   Newshound Guru rcookie
    ...G7 MEETING IN JAPAN REVEALS 6.3 BILLION DOLLAR AID PACKAGE FOR IRAQ...TO DEAL WITH FINANCIAL CHALLENGES & STRENGTHEN THE ECONOMY THROUGH REFORMS IN COORDINATION WITH INTERNATIONAL INSTITUTIONS INCLUDING THE IMF...500 MILLION EUROS FROM GERMANY ALONE...IMPOSE STABILITY IN IRAQ AND SUPPORT PM ABADI EFFORTS...GLOBAL SUPPORT...

5-28-2016   Newshound Guru Chattels   The "Reform Front" has numbered somewhere between 96 - 110 MP's. There are a total of 328 MP's in Parliament with attendance being " high " at 275 at any given session. A quorum requires 165 MP's.  It may be a very "close call" to attain a forum even with the Kurds in attendance, IMO.  "The return and participation of the Kurds is not a foregone conclusion so far..."  We shall see.  We know only for certain that"  Nothing is certain in Iraq."

5-28-2016   Newshound Guru Kaperoni   Article:  "Five-year plan for the development of the banking sector"  As we have said several times, without currency reform first, nothing else moves forward. I wanted to reiterate that because articles that say 5 years can be discouraging.

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