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Saturday, February 4, 2017

loop : CBI is going to revalue the currency , 4 FEB

loop 

Article:  "Iraq: Calls to raise the value of the dinar"  Quote:  "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»."  Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes.  I still think it has merit in that there is a growing number of economists who are echoing the same thing. 


 [CBI is who is going to revalue the currency.]

 They are. Alak has telegraphed that as much as he can... IMO.

02.03.2017

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 ...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity...

Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism.

 Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing.

THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING.

  REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.


  Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy.

   The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...

Which is a big indicator that this move will occur sooner rather than later.

02.02.2017

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 Article:  "BasNews Clarification on Exchange Rate Section 30 January 2017" 

"ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website.

This section is under maintenance and the dysfunction will be fixed very soon.

 The exchange rate in Erbil according to local stock markets on January 30th is:

$100 = 128,000 IQD 
€100 = 138,000 IQD 
£100 = 160,000 IQD


1-31-2017  

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