[chaseybear] Can you imagine being a bank employee over the last 4 years hearing today tomorrow should have happened yesterday and your boss says it is a scam what a mess geeeesh.... And customers coming in that you know have Dong or IQD wowsers
[chaseybear] I compare the HCL to a confrontation we had here in Canada during the 1970era The Province of Alberta is heavy into oil and gas and the national government wanted revenue sharing.
After years of being a have not province and all the industrial manufacturing being done on the east side of the country the west said no way freeze in the dark you never helped us out so kiss off and the fight was on.
So this is the same as the Kurds feel now IMO
Dr. Mark March 26, 2015 at 12:08pm
Baghdad will send 500 billion dinars for the Kurdistan Region
By Roudao Hours ago
Iraqi currency Roudao - Erbil
The Minister of Displacement and Migration in the Iraqi government Derbaz Mohammed, said the central government will send 500 billion dinars for the Kurdistan Region within the next week, adding that this amount will be sent as part of the region's share of the general budget for the month of March.
Said Mohammed Derbaz network Roudao media, that "the amount to be sent to the province of Kurdistan is punched for exporting oil from the Kurdistan Region to calculate the Iraqi government, so the Iraqi government is determined to send as much as the region's share of the oil exported from the region."
The Minister of Displacement and Migration, that the amount to be sent is to mow the share of the Kurdistan Region for the month of Mara, which is estimated at 500 billion dinars, but the Council of Ministers did not discuss this matter, because Baghdad, insisting that the issue of Kurdistan from oil 550 000 barrels per day for a company Sumo ".
He is scheduled to send Baghdad share the Kurdistan Region of the general budget for this year before the beginning of each month, as the minister said.
The Iraqi government and the Kurdistan Region have signed an agreement providing for Tshehadr region 550 000 barrels of oil per day from Kurdistan, including Kirkuk via Ceyhan port to calculate the Iraqi government, by contrast, that the Iraqi government is sending the share of the Kurdistan Region of the general budget, amounting to 17% fully into the region.
EXOGEN March 26, 2015 at 1:12pm
Turkey plans to join China-led Asian infrastructure bank:
EXOGEN March 26, 2015 at 1:10pm
SOUTH KOREA SEEKS MEMBERSHIP IN NEW CHINA AIIB BANK
Don March 26, 2015 at 2:27pm The Party’s Over, by Robert Gore
China has started a new development bank, the Asian Infrastructure Investment Bank (AIIB) and invited everyone to join. If it runs true to development bank form, it will soon be riddled with back-room politics, cronyism, and corruption.
However, that’s besides the point. This bank will be run by the Chinese, in conjunction with Russia and other emerging market nations.
Recognizing the threat to its international financial dominance, the US has told its friends not to join, couching it as a matter of concern about the governance and lending procedures of the new bank (the US knows all about cronyism and corruption).
The US’s friends in Europe and Asia have sat the US down on a chair in the center of the room and said: “You’ve got a power problem. You’ve been pushing everyone around for years and it has impaired your judgment, led to all sorts of irrational behavior, and threatens to destroy your soul.
You pose a danger not just to yourself, but to us as well. We’re here to help, but you have to recognize your problem, seek treatment, and change your ways.
Until you do, we have to take the steps necessary to protect ourselves from you.” Virtually all of them have ignored the US diktat and indicated they will join the AIIB. The few that have not are leaning in that direction.
Landons Nana: Hub The rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv.
Look at any other import export economy in the world and they have a valued, internationally traded currency.
Look at any county with a worthless currency and you will see zip in the trade column...
With out world trade no need for valued currency...they can law themselvs to death, but until the markets open, no need for a tradable currency.
Landons Nana: tman23 Article quote:
"On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region."
THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM...
WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW...
YOU CAN'T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.