By John Lee.
The state-owned Trade Bank of Iraq (TBI) has reportedly put plans to buy a Turkish commercial bank on hold because of the fall in the Turkish lira.
TBI chairman Faisal al-Haimus told Reuters that the bank is keen to expand its footprint in Turkey, Iraq’s largest trading partner.
According to the report, TBI has assets of around $20 billion, and is responsible around 80 percent of the trade finance business in Iraq.
Compiled 18 Aug. 12:01 am EST by Judy ByingtonThe below is a summary of information from the Internet. It would be up to the individual reader to decide whether or not it is valid. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.A. Aug. 17 2018 9:48 am EST Intel Alert: Operation Disclosure: GCR/RV Intel
Hi Everyone,I bring you much news today.I find it quite interesting how the gurus out there are now back paddling and trying to justify why the GCR is not going to happen. They say the Treasury has some other plan that may interfere. Really?Yes, they are saying that the “basket of 7 currencies may not now be all revaluing”. Maybe just the Iraqi dinar and Vietnam Dong. Really? Oh – what amazing
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] “remove 000’s” does NOT mean a LOP. It just means they want to get them “off the street”. A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI…A PERSON FROM THE CBI USED THE PHRASE…LIFT THE ZEROS FROM THE NOTES…That does not indicate removing anything from the streets, it indicates removing 3 zeros
(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)Radio silence continues among sources with connections to the RV.The QFS is set and ready for implementation.All Tier 3 groups have been instructed to “wait until called” to
Saturday UPDATE for August 18, 2018Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues.Also projecting ratification of the elections will be finalized on Monday. #wearethepeopleSunny: Frank has posted an article (link) saying they are going to replace the 100, 250 and 500 denominations and Frank says, “Ta Da” like this is a good thing. In the past
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From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
Iraqis in the holy city of Najaf are being hit hard by US sanctions on neighbouring Iran, which have forced cash-strapped pilgrims to stay at home.
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By John Lee.
Iraq and Jordan have signed a a military-security cooperation agreement.
The agreement aims to exchange expertise and information in the field of border protection, developing intelligence capabilities, joint military exercises, research and technology development, combating terrorism in various forms, training and development.
(Source: Iraqi Ministry of Defense)
(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)All sources are on complete radio silence in preparation for the imminent RV launch.Tier 1, ready.Tier 2, ready.Tier 3, ready.Tier 4, ready.All systems, check.Launch sequence