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 American Contractor or 8/18/17

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PostSubject: American Contractor or 8/18/17   Fri Aug 18, 2017 10:12 pm

Iraq Foreign Currency Reserves and money...  In my last newsletter I mentioned that the currency reserves that are based in US dollars will continue to deplete from its current balance of $45 bln and will rise to $40 bln next year. Reason being is that there are criminal groups in Iraq that are laundering money via use of false documents for the importing of goods.  The criminal groups have raised the prices of goods and materials as a means to steal money from the public.  I'm very perplexed as to what the Iraq Prime Minister, Haider al-Abadi is going to do in regards to this profuse money laundering done by these criminal groups.  The recent signing of the memorandum of understanding by the CBI will not travel far, I'll put a bet in that we’ll be revisiting this topic in another 12 months.
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