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mike: UPDATE
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mike: UPDATE
mike
Article: "Baghdad and Washington are discussing the editing process, west of Mosul" Quote: "The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul."
This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
Article: "Trump confiscate Iraqi political funds billions" ...here's hoping it's true.
I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it.
Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business.
It isn't Maliki's charm they're following, it's the money.
02.07.2017
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Article: "MPs and experts: Beyond the financial crisis and put the currency reserves reassuring" Quote: "the central bank lending to the government , although the Bank Act prohibits, in Article 26, lending to the government , either directly or indirectly."
[That is how they can claim to have all those billions still in reserve. They loaned them out, see, so they're still in the asset column in the form of an IOU.]
The MoF were using bond instruments to extract dinars from the CBI, it's a workaround the law and a shell game the GOI is pulling off...this money will still show up as a credit on the ledgers because it's attached to a bond that's guaranteed by Iraq..
.they're eating the seed corn.
2-6-2017
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[When they remove JP Morgan from the CBI everyone will give a sigh of relief] As far as I know, JP Morgan has nothing to do with the internal operations of the CBI. In 2003 the Coalition Provisional Authority (CPA) created the Trade Bank of Iraq, an independent government bank to provide financial services to facilitate the import and export of goods and services to and from Iraq. In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI. The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. The TBI, and it's consortium, are licensed by the CBI, but not part of it. JP Morgan isn't going anywhere, and neither is the international network of 134 correspondent banks covering 63 cities spread over 39 countries that make up the consortium of the TBI. IMO.
2-5-2017
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