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 Guru chattels 1/31/18

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PostSubject: Guru chattels 1/31/18   Wed Jan 31, 2018 8:49 pm

A red letter day in Iraqi banking reform.   Article:  "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks"   Quotes:   "It is expected that this company will play a major role in protecting the banking sector..."  "the company's capital is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription."   [This is good news. Am I reading this right that the Deposit Insurance program's funding is $84 million dollars, or 100 billion dollars?]   My read on the text is that it is 100 billion dinar (or 84 million dollars ?), of which 55 billion or 55 % is from the government (30%) and private banks (25%) and the remaining 45 billion (45%) will be sold to the public.
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