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6pm December 26th, 2015

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Table of Contents


BLC Admin Tlm724 News & Comments 12-26-15  Part 2 of 2

Prospective parliamentary reform modifies the rules of procedure to accelerate legislation and change the heads of "sovereign Committees" 
BAGHDAD / Mohammad Sabah  -  Plans to the House of Representatives, early next February, introduce new reforms goes on its rules of procedure so as to ensure his passage of laws is far from the political consensus manner.
Seeks amendment to cancel the second reading of all laws, and only debates within the Committee on, and setting timetables to pass each the meantime, the Legal Committee of the Parliamentary confirm that the upcoming reforms will speed up the process of adoption of laws, revealing that the reforms include changing the heads of six "committees sovereign".
Post From BondLadys Corner  12-26-15

BLC Admin Tlm724 News & Comments  Part 1 of 2

Rafidain Bank reaffirms its commitment to international standards on money laundering 
  Author: AB, HH, TG    Editor: AB, HH 2015/12/26 11:52                  
 Long-Presse / Baghdad --  Rafidain Bank confirmed on Saturday its commitment to international standards that it reinforced international institutions regarding the money laundering according to the rule "know your customer and form particular to identify the sources of funds", as pointed out that citizens depend on it to deposit their money being no breach of its obligations and its agreements towards them.
The general director of the bank on behalf of Kamal al-Hassani said in a statement received (range Press), a copy of which, "The global institutions and in the impact of central banks in both countries reported instructions to banks operating with in accordance with the know your customer and form particular to identify the sources of the person funds base before it starts with practice banking activity and the nature of his situation and potential and activity of the ".


SmartBlonde55:  Is the AIIB a forcing function for us?

Lucky:  Smart...the AIIB is a major part to the big picture going forward (imo)

JerseyBoysFaninMN :  Tenn - Is it safe to say that you and Platinumrunway have been asked to be silent... And that you and he are obliging?

Tennwolfman : Jersey--yes

chardinar :   And platinum too? Boy I missed a lot taking yesterday off sheesh

JerseyBoysFaninMN :  Both Tennwolfman and Platinumrunway stated that they had been asked by their sources to be quiet because we are so close. Platinumrunway signed off and said goodbye. Tennwolfman is still with us, but he just left for a while to get things done today. All is well. We are CLOSE!!!

The below posts were in our 11am newsletter
Late Friday Night:


FreedomBoomer:  I am reposting currency 365 says this wk...this is big news....

NetGlobal:  Freedomboomer, that was a very good explaination of the WB loan and the things that must happen in the next 6 days in order for the loan to complete.

Briona:  So it looks like it is to go from any minute to mid January. It is any ones guess at this point.

NetGlobal:  Yeah I think so Briona. I just listened to freedom365 and he is saying that the WB loan to iraq is dependent on iraq showing the new value by dec 31st. So that falls inline with the other intel

Goodtimes1: Yes no new rate no loan


Enorrste Thoughts on CBI Article

To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)
Enorrste      I'll take a stab at this one. The reduction itself is quite mild. In fact, it is so mild that it is unlikely that it will have an appreciable effect on the revenues of the GOI, as it claims it will.
At the same time, the article states that it is attempting to get in line with "international standards" while not explaining what those are or even if they will "be completed." This may be a hint as to the import of this move.




UKfan1972:   Iraq's currency was turned off and at some point..will be turned on. We possess it. We are not victims...we are beneficiaries of an opportunity

[xyz] China says AIIB up and running early in the new year

BrocollySaurus: Markets have been on "Closed" status since yesterday.

It has also been mentioned that long weekend are very favorable for Iraq to process all their numbers, banking wise; Ofc it does not mean it's going to happen this weekend, though i would like it to be so.