Yada: Interestingly,, Ray mentioned two times on Wed call,, stated the banks expecting us on Thursday and Iraq looking for release on Saturday,,,,, possibly the groups could go with the banks expectation with the general public following up over the weekend in Iraq even our pubic beginning of the week,,,
Blessed2: GA TNT Family...Top News from CNN 9/14/2016 "China's redback awaits pride of place with Dollar, Rome's Aureus (Page 2 0f 2) The Yuan on Oct. 1 will enter the international monetary fund's currency basket alongside the Dollar, Euro, Yen, and Pound, paving the way for increased global use."
AdminBill: NOTHING NEW TO REPORT AT THIS STAGE.
RaginCajun: Vietnam convicts 36 bankers for graft
Total 213 years in jail were given to 36 former bank employees.
A Vietnam court convicted 36 former bank employees, including the chairman, for stealing more than $400 million, an official said Friday, the largest sum ever pilfered from Vietnam's scandal-hit banking sector.
The bankers from the joint-stock Vietnam Construction Bank secretly withdrew money from clients' saving accounts, using the cash for loans or depositing it into their own accounts, reports said.
"The defendants were convicted Friday of deliberately breaking laws on economic management and violating bank lending activities," the Ho Chi Minh City court clerk told AFP.
"Former bank chairman Pham Cong Danh was given 30 years in jail. Others were sentenced to between 22 years in jail and three years probation," he added.
The bankers were responsible for losses of more than $400 million, "the greatest loss for the Vietnamese banking sector to date", state-run Tuoi Tre newspaper reported.
Vietnam's economic growth hit 6.7 percent last year, its fastest rate in five years, boosted by strong exports, foreign investment and buoyant domestic consumption.
But soaring public debts, bloated state-owned enterprises and rampant official corruption have made economic progress vulnerable.
The country's banking sector has been rocked by a series of scandals in recent years, with the high-profile arrests of wealthy businessmen and executives over allegations of corruption, embezzlement or incompetence.
Earlier this year, three senior former bankers and six securities officials were arrested over a fraud worth millions of dollars at the partly state-run MHB Bank.
In July last year police arrested the former chairman of state oil giant PetroVietnam over mistakes that allegedly led to the loss of a $38 million investment in Ocean Bank.
The troubled lender had been taken over by the government after being rocked by a major scandal of its own.
Ocean Bank's former chairman, Ha Van Tham, once one of Vietnam's richest businessmen, is now in detention, pending trial for violations of lending regulations, including approving millions of dollars of loans without proper collateral.
Wednesday 9-14-16 Landa Global CC Replay (First Hour)
Frank26: Holy Shite LOL
Naphtali: I Stand Back and Say WOW..... this is good, no it is Great news..... Iraq end the first review of the IMF loan agreement
Legacy22: Would "all" conditions include lifting the 0's? Either way, great news that they are talking about completion of the requirements of the IMF
Don960: Saleh: Iraq has implemented all the conditions of the International Monetary Fund!
BAGHDAD / News Network Iraq declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq 's own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.
concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June .
the adviser said the Iraqi prime minister for financial policy , the appearance of Mohammed Saleh, in a press statement today : " the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy , and performance standards , and financial management reform, reform some laws , procedures for restructuring the general budget , and maintain the central bank's reserves, all of Iraq's commitment to them . "
Saleh added that" the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington . "
Iraq 's chief financial officer , and continued that" after each audit is released part of a financial loan to Iraq in accordance with the agreement , and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value) . "
for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to" good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit , which has in the Jordanian capital Amman recent meetings . "
The Iraqi government acknowledged the end of last month, the country 's budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget. link
Walkingstick: Parliamentary Finance calls to control the rate of the dinar against the dollar
Parliamentary Finance Committee called on Thursday for control of the Iraqi dinar exchange rate against thedollar, by maintaining a reserve of hard currency.
The committee member said Sarhan Ahmed told all of Iraq [where] that " the central bank has no plans to raise the value of the dinar against the dollar , " pointing out that " the rise of the dinar rate depends on the central bank 's reserves of hard currency and the non - oil and oil revenues coming into the country . " .
He pointed out that " the legislative track and other issues have an impact on the exchange rate, which calls forpreservation of the Iraqi dinar exchange rate and maintain a reserve of hard currency."
witnessing the Iraqi dinar exchange rate volatility apparent in the market where he will witness the dollar rise gradually in front of the dinar exchange.
he criticized a number of financial and political economists pursued by the Central Bank of Iraq and falling cash reserves during the recent years.