aggiedad77 » September 10th, 2015,
Thursday News Summaries and Commentaries
All the news that is fit to be news and then some......Iraq's PM turns his whole body against Iran.....hope he is wearing body armor these days......who has been thrown into the list of corrupt officials that list just keeps growing.....
Meanwhile the CBI wants to restructure some of the specialized banks....what does that mean.....and oh yes, the CBI says they continue to be "comfortable" with regard to their reserves at this time....
Where is Dr. S....that is where my comfort level lies.....with him and his expertise.....PM Abadi is doing the hokey-pokey with the Parliament today, he put his left foot in, he put his left foot out, he turned around and just left the building.
Iraq's prime minister is turning against Iran
Remember at the onset to the reforms that PM Abadi has been pushing he made the claim that essentially he would do whatever it takes to clean Iraq up even if it meant losing his life. Well he's going up against a rather formidable foe in the Iranian military leader who has been working in Iraq with the Shiite militias for a while but has butted heads with this man on several occasions and openly rebuked him in a couple of meetings angering him to where he either left the meetings or was kicked out by Abadi.....
the saga continues, but Abadi has the backing of the people at this point along with the religious clerics of Iraq. By going against this Iranian military leader Abadi is basically thumbing his nose to Iran in general, again an Iran that supports the Shiite movement within Iraq and former VP and former PM Maliki......they give the term "thick as thieves" a whole new definition.......
I give Abadi credit for having the willfulness to go up against the Iranian machine and expect to win on behalf of Iraq.
Iraqi Central Bank Governor: the dinar in a good position
The acting governor of the CBI says that Iraq's position on the dinar and their reserves remains "comfortable" even as things decline with the continue slump from oil prices. The current reserves at the CBI are said to stand at $60 billion dollars....he says the market price of the IQD remains stable at 1166 and he continued to speak in positive terms towards the bonds that Iraq is looking to sell both on the international and domestic markets.
Iraq borrow $ 500 million from the Islamic Development
Iraq has borrowed $500 million dollars from the Islamic Development Bank of Jeddah, and around half of that will be used to renew trade with surrounding neighbors....the talks on this loan go back to 2013 but approval was not granted by the bank until earlier this year.
Integrity issues court declares recover 36 billion dinars from 21 banks waged
As the Integrity Commission teams continue their investigative work money continues to flow back to Iraq....they announced recovery of 36 billion dinars apparently from some 21 banks.....these were banks who worked with the CBI but were seen taking money they probably shouldn't have taken.....put that money back where it belongs.
Britain issued a decision to return the funds of Iraq wanted to eliminate
Working with the Integrity Commission Britain is attempting to return any funds that can be identified as corrupt in any way back to the Iraqi government.....good on their part to do their share in overturning the rocks that these corrupt officials ran to England to hide under.
Economic conditions threaten the security and foreign exchange reserves in Iraq
Don't be misled by this title.....this article is largely a rehash of the article from the acting governor of the CBI posted by WS earlier today and which I wrote about above.....sure thing Iraq stands in the middle of a financial crisis....but tell us something we don't already know....they are taking strides to overcome the problems and move in a more positive direction....given time and cooperation by many at this point.
The most prominent names thieves Iraq who handed over their files to eliminate them and al-Maliki and al-Dabbas
Surprised as Gomer Pyle always was, he knew that Maliki's name would head this list of the most prominent of thieves.....can't even pull the wool of his eyes.....fake names, fake companies.....all these phantoms and yet Maliki's name still rises like cream to the top.....oh let the court proceedings begin.
Abadi up to the parliament building and leave for emergency reasons!
PM Abadi walked into the Parliament building this morning and then just as quickly turned heel and walked out again claiming some emergency reason for departing.....maybe he left his cell phone in the office.
Parliamentary Finance expects a deficit of 50 trillion 2016 budget
Just days ago the Finance Committee hadn't seen the 2016 budget....so they must be back to their idle speculation ways to be saying they expect a deficit of 50 trillion dinars in the 2016 budget.....their credibility in my book continues to wane on a dramatic scale.
Abadi agreed to a proposal to restructure the specialized banks
PM Abadi is said to be in agreement with the CBI on a restructuring of specialized banks in Iraq....something that hasn't happened in 10 years.....makes me wonder if this is part of the plan announced earlier this week to move the Rafidain and Rasheed banks into the private sector.....there are many factors at work here it seems and the final outcome surely will be interesting as we look forward for Iraq and how they plan to deal with budget issues that are tied to the price of oil and the fight against terrorism.
American order "Abadi" and prevent him from opening the Green Zone
Remember a week or so ago PM Abadi announced, we are going to open up the green zone.....well the Americans in the US Embassy within the green zone sent a letter to Abadi and said, NO Abadi we are not going to allow you to do that, we have too many important assets that need protection and the security formed by the green zone is part of that security.....leave it as it current exists......oh and don't forget....we are here to help you.....we are coming back in....to help you.
The parliamentary economic: Iraq Siqtrd $ 6 billion under the name of "Treasury bonds"
Movement is underfoot it would seem to push these $6 billion dollars worth of Iraqi bonds onto the international market....just not sure exactly when....but soon it smells like to me....even Dr. Saleh is out and about pushing for good things to happen.
Iraq's Bond Drops to Lowest in Six Years on Oil Revenue Squeeze
So who is squeezing the toothpaste out of who......oil prices....keep an eye on them....oil production....keep your other eye on it.......meanwhile......watch what happens with the Iraqi bonds....is this the time to put them into play....will it happen....this is turning into a regular afternoon soap opera saga.....when and where is the debut scheduled....the networks are keeping this a closely guarded secret.....so ratings will soar I am sure is the hopes.....will JR Ewing be raised from the dead in the process....who knows.
Break time, someone toss me a cookie. Aloha Randy