October 1st 11am

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Walkingstick: IRAQ BANKING LAW

Section 6 – Accounts and Financial Statements

Article 40 Financial year

The financial year of domestic banks shall begin on January 1 and end on December 31 of the same year. For a branch of a foreign bank, the financial year may differ.



Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Saturday 9-30-17 Part 2 of 2

DinarResearcher: The dilemma of separatists

DinarResearcher: For Morgan Kaplan, a political scientist who studies the Kurdish secessionist movement, Kurdish leaders are well aware that real-world politics, not ideals, will determine the success of their attempt at independence.

DinarResearcher: Kaplan said that from the Kurdish point of view, the referendum was "supposed to be the first step in a negotiating process with Baghdad." The idea was that seeking international standards would attract the United States and other foreign powers to support independence, and in turn would help pressure Baghdad to agree to secession.

DinarResearcher: Instead, the referendum pushed Washington and Baghdad to the opposition, explaining what researchers Erika Chenwith and Tanisha Vazal called the "separatist dilemma" of the failure of the rules of undeclared secession or even reversing them.

Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Saturday 9-30-17 Part 1 of 2

chattels: Former KRG PM emerges to shake up Kurdish politics Fazel Hawramy September 27, 2017

Read more: http://www.al-monitor.com/pulse/originals/2017/09/iran-krg-referendum-puk-kdp-collaboration-barham-salih.html#ixzz4u7xcKH3N

chattels: coalition head Barham Salih in the Financial Times in May. The British-educated politician, who spent a decade in Washington lobbying for the Kurdish cause, has good relations with the West and has held important positions, including deputy prime minister of Iraq and prime minister of the Kurdistan region.


Gdean: The U.S. federal government's fiscal year begins on 1 October of the previous calendar year and ends on 30 September of the year with which it is numbered. Prior to 1976, the fiscal year began on 1 July and ended on 30 June. The Congressional Budget and Impoundment Control Act of 1974 stipulated the change to allow Congress more time to arrive at a budget each year, and provided for what is known as the "transitional quarter" from 1 July 1976 to 30 September 1976. (Wikipedia).


The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today. (src:  http://www.treasurydirect.gov/)