Tuesday, June 14, 2016


6-14-2016   Newshound Guru rcookie   Article quote:   "Integrity Commission announced on Tuesday thwarted an attempt to steal 7 billion and a half of government bank through a forged letter of guarantee..."   THIS IS THE EXACT TYPE OF SCHEME THEY HAVE BEEN GETTING AWAY WITH IN THE PAST...FORGED LETTERS OF CREDIT...TAKEN TO AUCTION WINDOW AND TAKEN RIGHT OUT OF IRAQ...

6-14-2016   Newshound Guru Poppy3

6-14-2016   Intel Guru hub   at this point if iraq revalued their currency to the pre hussien era or $3.22 (plus inflation???) as we have heard for many years, iraq will not have enough resources to stand behind this amount of outstanding dinar. So the point of this diatribe is iraq cannot withstand the ramifications of not putting an international accepted value on their currency and continuing with a non accepted sanctioned low valued monies. with all the ink we have seen about iraq, they must be close to doing whats necessary for them to take their place in the world economy. [post 2 of 2]

6-14-2016   Intel Guru hub    can Iraq never put a better value on the dinar that the ole 1170/1?    yes...they do not have to have a value greater than this.   if they dont revalue, what will happen contracts of all kinds will be paid at the 1170 rate and hundreds of trillions of dinars will be owed.  so we have the so called richest country in the world with a currency along the value of the worst currencies in the world.  100's of trillions of dinar at a 1/10cent each scattered all over the industrialized world if contractors will even accept this exotic currency.  so now iraq has a LOT of 1170 currency out when they finally get the goi in order, the cbi in order, the terrorist rounded up, imf satisfied, un satisfied, wto satisfied, bis satisfied, ust satisfied, and every other three letter agency we have heard about satisfied.  [post 1 of 2....stay tuned]

6-14-2016   Newshound Guru wmawhite   "He praised the Governor of the Central Bank of Iraq on the Keywords big efforts made by the Iraqi private banks association...the central bank is ready to cooperate with the Association in the implementation of programs is in the financial and economic sector...and the subject of the fight against money laundering..."  This article is about the Iraqi Private Banking Association training Iraqi citizens in the fight against corruption, money laundering, and terrorism financing within the Iraqi financial sector. The association had their first graduating class and they were congratulated by the Governor of the Central Bank of Iraq.  ...the importance of this...is that Iraq is now training their own citizens to do what other countries were having to do for Iraq...This is the building of "Institutions"  Here an Association of Private Banks...is taking the lead in fighting corruption.  ...Iraq is "turning the corner" and will earn the respect from other countries.  Action as required by the LOI...  "IMF 2016 LETTER OF INTENT...The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT)."

6-14-2016   Newshound Guru firefly
   IMF stated Iraq WILL enter the Global Markets during the 1st half of 2016.  I havent seen or heard anything different yet.

6-14-2016   Newshound Guru mike  Article:  "The central bank plans to activate the "special anti-money laundering unit" and is considering cooperation with the Association of Banks"   I think they're just activating the AML that Parliament's already passed. It's one of the first steps to joining the international banking community...   The CBI is supposed to be separate from the government and they do maintain control over certain aspects of monetary policy but in the end, they still need the GOI to create legislation and provide the foundation for a change in the currency. If anything, Shabibi taught us that the CBI is not completely independent from the GOI, at least not yet anyway.

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