TrinityeXchange

a little disappointing that the isx appear not to have opened for business on monday. the official website isn't helping either as it shows the market "open" but the last posted transaction date 9/22/2015. weird weird weird.....just plain ole' weird especially for a bourse that is expecting investors to take it seriously. there should at least be an announcement if your stock exchange is not going to open on time.

Iraq Stock Exchange (holiday of Eid al-Adha) 16/09/2015 07:09 On the occasion of Eid al-Adha Board of Governors of Iraq Stock Exchange decided that: - Last trading session before Eid holiday on Tuesday 22/9/2015. - The first trading session after Eid holiday on Monday 28/9/2015. So ISX will be closed starting from Sep 23, 2015 to Sep 27, 2015.

Bingo! All energy is directed toward promoting investor confidence.

....and from this response i give you the exact reason why the world will never have true reconciliation and/or peace because everyone is more interested in defending their opinion than they are at getting at truth. i asked you two pointed questions and you did everything possible to avoid answering. thank you botzwana, you answers revealed more than you intended. for all standing by here is the point. when a person has paid their debt, to hold the stigma over their head for the rest of their life is "evil". in a word it is termed "unforgiveness". for those of us who are true Christians, unforgiveness is an impossibility because we are only as forgiven as we forgive and we will mete the same judgement that we issue. please note that my point is only for true Christians not for the world. the world will always use your past against you and in its hypocritical & evil way always dig to reveal a person's sins and debts. Christians however are quite the opposite and you will know who is really a child of God from those who are not (regardless of what they say) by how they judge others. people who are merciless except to their own ilk are not Christians and have never come to know the miracle of His love and mercy for if they knew Him then they too would be full of mercy.

interesting Botzwana. two quick question for you. do you know the Lord Jesus as your personal saviour? if so, does he hold you guilty for all of the evil you have done in your life? i am very very interested in your response since your comments lead me to believe that only "liberals" (whatever that means) are christians

wow, thanks for the educational piece here dog. movie stuff is all i believed up until now. that really does clarify things.

thanks Dog. yeah, i believe the police were completely justified here. i am glad they were able to return home safe to their families that day.

=================== nevermind Dog. i saw it for myself. at the 1:26 mark the man reaches into his jeans and either drew a weapon or faked it so that the police would assist him with completing his suicide attempt. I hope the officers suffer no repercussions for this act. from what i can see, their actions were justified.

Hey Dog help me out here. I am trying to come to my own conclusions as much as possible and could use your insight. First thing I am doing is casting off his rap sheet....has nothing to do with this particular situation. Next thing as I watch the video for myself, at one point I see both of his hands in his lap. I don't see a weapon. Where is the weapon that the news is referring to? Next, the police are commanding him to raise his hands, which he does not do, but they are standing in front of him and can clearly see that both of the mans hands are resting in his lap and out in front. Where was the immediate danger to the officers? I am soooooooo confused because what I am seeing on this video is not congruent with what the execution the police carried out. What do you see that I am missing?

hmmm.....i think that is where some of the disconnect lies LGD. i have never ever known an officer to help me fix a flat tire. we have very polar experiences concerning the police. like i have told you before, my first experience with the police was being thrown up against the brick wall of my church at the age of 12 and feeling violated as two cops groped me, my brother and my friend. they never addressed us or told us our crime. the only thing i recall doing to warrant the frisk was wrestling in the grass. i wish white cops and inner city blacks had better terms of relating but unfortunately it has remained the same for ages. as far as this shooting goes. i believe the man was suicidal.....the reports that brought the police is that the man had shot himself in a suicide attempt. anything else i have no clue about. you make some valid points having served in the forces and knowing the power of weapons.....that is clearly out of my experience and league. to see a paraplegic man slump over after taking all of those rounds appeared normal to me until you stated otherwise. thanks for your input. i will observe this situation for further details.

LGD i am very curious. What are you proposing happened in this situation? This is all the buzz right now. Are you saying someone posing as officers carried this out?

be warned this is very difficult to stomach. not sure why this happened or why it had to happen. perhaps a suicide by cop....don't know. the first officer was visibly frightened and perhaps should have given the lead to someone operating under more control. what baffles me is why not approach from the rear if unsure whether or not a wheelchair person has a weapon?? but what do i know with my public school education. at the end of the day i guess it "doesn't matter". one less "thug" on the street - an endearing phrase i've picked up from the dv community.

============================ Director General of the Islamic Bank of Mesopotamia to justice: Islamic banks strong participant in supporting the national economy Justice / Salah al-Hassani - 03/10/2015 Said Mr. Abdul Hussein Ali Mundhiri Director General of the Islamic Mesopotamia Bank Islamic banks strong participant in supporting the national economy, said in a statement to the justice that of Islamic banks targets including Mesopotamia Islamic Bank is to provide far from usury Islamic products and are compatible with the principles of Sharia Alasalamah.vdila that the bank do not deal in accordance with the principle of the interest rate that works by commercial banks, but we deal according to the principle of profit ratio, which comes through the realization of the work, which is achieved through the sale and purchase transactions. and that the bank, which has its capital (150) billion dinars will work within this year plan to lend to small and medium enterprises through the bank's capital deposits and investors to these projects being did not need big money in order to the largest possible number of project funding, noting that the Islamic Mesopotamia Bank was established under Law 95 for the year 2012 was published in the Iraqi Gazette dated 17.12.2012 and the start of the bank unchanged if the rest of the Islamic banking rules and regulations Incorporation with the Central Bank of Iraq in accordance with the basic requirements for the establishment of the bank starting capital and the bank building and furnishing the human cadre, who leads the banking business within the bank. We have two branches in Baghdad and three branches in Basra and Najaf and Anbar, as well as the main branch. Stressing that the Islamic banks initiated take its normal course of action, starting from the establishment of the Dubai Islamic Bank in 1975 and the Islamic Development Bank in Jeddah in 1977, as well as direct the work of Islamic banking in 1993 by the Iraqi Islamic National Bank, which was established in accordance with the special law by the previous government until it reached number Currently seven private Islamic banks and the Bank of government and one in addition to opening a branch of the Abu Dhabi Islamic Bank in Iraq, noting that the Ministry of Finance was the key supporter of the main bank and this cooperation resulted in the establishment of this bank from the allocation of the building down to the allocation of capital as well as the placement of transfer staff from other banks in order to do the banking process management and the bank is supported financially and morally as well as from private banks Association and the Central Bank Atalraca and prime minister Stressing that everyone direct waiting for work to help support the national economy at this critical juncture for the result of lower oil prices. Stressing that the Islamic Mesopotamia Bank will enter into a new and non-existent in the banking market products, especially with regard to supporting small businesses and the field of infrastructure projects, especially after it became the budget can not meet all the infrastructure projects and bringing the front of Islamic banks an opportunity to move its activity Asamimi and authentic, a finance investment projects . He pointed out that the bank will grant loans in the first stage to buy a car or buy raw materials for the owners of the character or industrial workshops fact that the bank is to Aymanh money directly to the borrower, but the bank will purchase the materials needed by the borrower and sold to willing Cra.onoh that the bank will Broken loans to buy homes During 2015, the fact that the capital Aithml the fact that the purchase of the homes need to be very high amounts and duration of long-term repayment. He stressed that in the case of issuance of Islamic Sukuk Act or the Central Bank of Iraq to allow our bank to establish investment funds will be directed the bank to implement a new strategy in the coming years from the entry through the implementation of or participation investment projects, whether real estate projects or bridges or railway lines or airports and all projects you need the infrastructure and the most important residential projects in order to alleviate the housing crisis afflicting Albuld.oukal, Islamic banks in Iraq is weak and does not represent the aspirations of the customers of the public because of the weakness of money these banks capital in addition to the weakness of its assets and Deposits, ADRs and the enthusiasm of the public by causing to a delay in the its not a real product that you need his investment and development operations of private infrastructure projects Altanah.olhma progress still Islamic banks are still weak and brief transactions on simple transactions such as Murabaha and advances and participation. Stressing that the private banks currently can not attract deposits of the public in order to be pumped to the process of production and investment investment according Alasalamah.oahar roads we asked the central bank and finance ministry to speed up the issuance of a law instruments Islamic so that the bank to attract the savings of citizens and investors for the purpose of her husband own economic process society universe The community currently supports infrastructure and financing projects to government banks that make up 90% of the banking size Alaraca.oakd that the bank will proceed in this direction through an agreement with the provinces and investment companies boards that have contracts and contracting with the government for the purpose of participation in the implementation of important investment projects in the country very large amounts of capital through the bank or through the establishment of investment funds with the approval of the Central Bank of Iraq or through instruments of Islamic law if they are issued .uan main obstacles faced by the bank Mundhiri explained that the most important obstacles are delayed work of the bank license from the Central Bank of Iraq because otherwise jurisprudential where the central bank treats the bank by companies 22 law while the main objective of the bank is a government bank in the spirit of the private sector, where the Bank's Board of Directors consisting of 4 from the private sector and 3 from the bank for the purpose of the dimensions of bureaucratic jobs bank and encourage investment in order to serve the national economy At this stage, =============== Iraq exported law establishing the "Islamic Bank Mesopotamia" MONDAY, DECEMBER 17, 1 / DECEMBER 2012 13:45 Twilight News / issued the President of Iraq, Jalal Talabani, on Monday, law establishing the Bank of Mesopotamia Islamic number (95) for the year 2012 with a capital of 50 billion Iraqi dinars, indicating, that the task of the bank, the exercise aspects of banking activity in the inside and outside Iraq, and to carry out finance and investment in various projects and activities. In Article first as in the statement issued by the Presidency of the Republic received " Twilight News ", a copy of which" establishes a government bank called (Bank of Mesopotamia Islamic) be centered in Baghdad and linked to the Ministry of Finance, has the right to open branches and offices within the Republic of Iraq and outside the consent of the Iraqi Central Bank , "pointing out that" the Bank's corporate identity and a financially and administratively independent and represented by the Director-General or his nominee. " The statement added that "the bank's capital (50,000,000,000) fifty billion Iraqi dinars paid from the public treasury of the state at one time in coordination with the Ministry of Finance," stressing that the bank "is designed to provide financial and banking services are consistent with the provisions of the Islamic Sharia and the development of the Iraqi economy." The statement continued, that the bank is "practiced for its own account or for the expense of others inside or outside Iraq all aspects of banking activity known or developed and all the banking and investment business by various banking rules and norms accepted and not inconsistent with the provisions of Islamic Sharia." The statement noted that among his "doing the work of the finance and investment in various projects and activities through the funding to proceed, speculation and Murabaha sale and other formulas and services that do not contravene the provisions of Islamic Sharia." The statement said the reasons for the establishment of the bank, saying it was "for the purpose of expansion of economic activity, and increase the size of Islamic banking, and the desire of a large segment of citizens in access to banking services approval of Islamic law." The statement added that from his works also "employ money that owners wish to invest with the rest of the resources available to the bank, and that under the system of speculation, and a bank in certain cases that the employment under a special agreement so." The Iraqi government announced, in April of this year, for approval of the bill Bank Mesopotamia Islamic at the request of the Ministry of Finance, indicating that the Bank Board of the Sharia consists of 4 members from experienced and competent in Islamic jurisprudence and its assets. It is said that in Iraq banks government representing the state two banks Rafidain and Rasheed, in addition to other banks, the most important, agricultural, cooperative and real estate, was established as the banks civil many since 2003, including the commercial bank and investment bank and the Islamic Bank and National Bank, as well as other banks updated. http://www.shafaaq.c...ن-الإسلامي.html Read more: http://dinarvets.com/forums/index.php?/topic/136882-iraq-exported-law-establishing-the-islamic-bank-mesopotamia/#ixzz3mhKsO15Z ==================== Establishment of Mesopotamia Islamic Bank by the government will strengthen the banking Banker: the establishment of Mesopotamia Islamic Bank by the government will strengthen the bankingsector activity Date: 30/12/2012 11:31:53 Sunday Baghdad (news) .. Praised banking expert Mohsen Ali, the idea of setting up a bank Mesopotamia Islamic by the federal government that will strengthen the work of the banking sector in the country. said Ali (of the Agency news): The establishment of Bank of independent capital High operates according to Islamic law continuedto the federal government will support the banking business in the country , because the government will be covered by supporting financially and promote incident. and pointed out: that there is a tendency great about dealing with Islamic banks by some citizens and owners of companies, stressing that the bank will create competition with commercial banks, which would kind of economic development in the country. was Presidency issued, law establishing the Bank of Mesopotamia Islamic number (95) for the year 2012 with a capital of 50 billion Iraqi dinars, adding that the task of the bank, the exercise aspects of banking activity in the inside and outside Iraq, and to carry out financing and investing in various projects and activities. mentions that the government Federal announced, in April of this year, for approval of the bill Bank Mesopotamia Islamic at the request of the Ministry of Finance, stating that the bank oversight body legitimacy consists of 4 members from experienced and competent in Islamic jurisprudence and its assets. mentions that the activities of Islamicbanking in Iraq began in (1993) when establishing Islamic Bank of Iraq, even now numbering (10) banks, including the Bank of a new government called the Islamic Mesopotamia, and there is an external bank and another Gulf. / end / 8. n. p / ikhnews =================== Skinner: Approval of the draft law of the Islamic Bank of Mesopotamia for the expansion of economic activity 05/04/2012 12:03:31 BAGHDAD (Iba) .. Said government spokesman Ali al-Dabbagh said the Cabinet decided, last Tuesday, to approve a bill bank rivers of the Islamic order of the expansion in economic activity and work to increase the size of Islamic banking to the desire of a large segment of citizens of access to banking services approval of Islamic law, which consistent with the provisions of the Constitution. He noted that this bank will be a source of attraction for investors, the Islamists, who are afraid to deal with other banks because of the benefits and some banking transactions. He explained that the Ministry of Finance requested in the February 12, 2012 view the bill Bank of rivers of the Islamic Council of Ministers for approval and to allocate to the House where that Article 35 of Budget Law for 2011 has provided for the establishment of an Islamic bank by the Federal Ministry of Finance with a capital of 25 billion dinars and provides a bill of incorporation to the Cabinet and the House of Representatives by June 1, 2012 as well as Article 28 of Budget Law for year 2012 has committed to provide the bill before June 1, 2012. Dabbagh said that the bank will be managed by the employee entitled General Manager holds a university degree, at least initially, and with experience in banking and the Board of Directors and the correlation Bank, Ministry of Finance directly and has opened branches inside and outside Iraq, with the consent of the Bank CBI The formations of the bank and its functions we specify bylaws proposed by the Board of Directors of the Bank and issued by the Minister of Finance. He stressed that the bank regulator legitimacy consists of 4 members with experience and competence in Islamic Jurisprudence and its Principles The method of their choice and determine their reward are set by the rules of procedure which is issued an annual report the extent of the commitment of the bank formats legitimacy and all the staff of the bank is subject to the provisions of the Civil Service Act No. 24 of 1960 and the law of discipline of state employees and the public sector No. 14 of 1991 and the Unified Retirement Law No. 27 of 2006. (end) SOURCE

They are getting ready to open up this economy. I am posting multiple blasts from the past concerning this huge deal of the national Islamic bank whose purpose it is to gain market share and trust of Islamic citizens. They passed the bill for this ages ago and is now implementing the bank. This along with the news that the passing of the Investment Law is first on the agenda next week says that Iraq is opening for business! ================================================ Iraq's Islamic Bank and the Islamicity of Interest Monday 14 January 2013 at 1:45 PM ETby Caleb Pittman JURIST Columnist Haider Ala Hamoudi of the University of Pittsburgh School of Law says that, despite Islam's proscription against collecting interest, and a constitutional provision prohibiting laws that conflict with such Islamic rulings, Iraq's courts are unlikely to declare the nation's new state-owned bank unconstitutional... Just last month, Iraqi President Jalal Talibani approved a law, No. 95 of 2012, that establishes a state-owned Islamic bank given the name "The Islamic Bank of Mesopotamia." The initial working capital of the bank is, under Article 3 of the law, 50 billion Iraqi dinars (roughly $43 million), and it can be raised from time to time from resources that the bank itself develops. The purpose of the bank, under Article 2 of the law, is to "provide financial and banking services consonant with the rulings of the Islamic shari'a and the development of the Iraqi economy." In a concluding paragraph offering reasons for enacting the legislation, it is said that it stems in part from a "desire of a broad slice of citizens in obtaining banking services that accord with the Islamic shari'a." The law is, thus, the first, major, public effort of the Iraqi government to enter into the rising field of Islamic finance. On the surface, there is nothing particularly surprising about this. Article 2 of the Iraqi Constitution [PDF] does provide for a robust role for Islam in the legal order of the state after all, declaring it not only the religion of the state, but also "a foundational source of legislation." The same Article further obligates the state to guarantee the sustainment of the Islamic identity of Iraq's Muslim majority population. The creation of the Islamic bank is certainly very much in line with these commitments. Yet, two interesting questions arise from the law that created the bank. The first of these becomes apparent when one compares the language of Article 2 of the new law with Article 2 of the constitution. The latter not only establishes Islam as foundational source of legislation, but it also prohibits the enactment of any law that violates the "settled rulings" of Islam. The former calls for the establishment of a bank whose services are "consonant with the rulings of the Islamic shari'a[.]" If the purpose of the new bank is to create an institution which operates in a manner that is consonant with shari'a, would that not mean that existing banks operate by rules that are not consonant with the rules of the Islamic shari'a? Indeed, this would be the conclusion of the majority of Iraq's authoritative juristic and scholarly authorities on Islam, given that conventional Iraqi banks routinely take and pay interest. Moreover, the only sensible reason to establish an Islamic bank would be if other, existing banks were not Islamic. Yet if this is so, how can the laws within Iraq that specifically authorize the taking and paying of interest on the part of institutions and individuals alike be permitted to stand? If the state may enact the law establishing the Islamic Bank of Mesopotamia under the Islamizing provisions of Article 2, must the Federal Supreme Court of Iraq also strike down the laws authorizing any other non-Islamic banking institutions? If the life of the law were driven by logic rather than experience, the answer would surely be "yes" — there is no basis upon which to conclude that one part of Article 2 of the Constitution is somehow more effective than any other part of it. But it is hard to imagine that the Federal Supreme Court would, or could, ever take such a step given the almost certain disastrous effect on the Iraqi economy if it did. The major constitutional court in the region to have heard a claim on the Islamicity of interest — the Supreme Constitutional Court of Egypt — managed to avoid the problem of declaring interest void by an artful dodge, effectively indicating that any laws that were un-Islamic were immunized from the effect of a subsequent amendment requiring the law to conform to Islamic dictate. There is no indication from its current case law that suggests that the Iraqi Federal Supreme Court finds such strained reasoning particularly appealing. It is also apparent, as I have indicated in an earlier piece, that the Federal Supreme Court has always found ways to uphold older legislation as against an Islamicity test, often by avoiding the issue rather than actually evaluating the law on the basis of its consistency with Islam. It seems almost certain that the court would do the same in this instance, either not dealing with any case that sought to challenge interest or finding a way to dispose of the case without deciding that issue. Certainly it is rather noteworthy that none of Iraq's premier Islamist parties have made an interest ban a noticeable part of their legislative agenda, making it all the easier for the Court not to deal with the problem. The second interesting point in the law is the tangential role that religious scholars and religious institutions play in the operation of the bank. Article 1(3) requires the director general of the bank to have a college degree and experience in banking, but not necessarily Islamic jurisprudence generally or Islamic finance specifically. The same is true for four of the six members of the board of directors. Even as to the other two members, where some experience in Islamic finance is necessary, the reference is remarkably ecumenical. These individuals do not need to be graduates of any particular seminary or have any particular level of religious knowledge, they merely need to have "experience and specialization in Islamic economics," broadly speaking. Moreover, they are appointed by the director general, who might know next to nothing about theshari'a. One may contrast this against the recently enacted laws administering the waqfs, or Islamic charitable trusts. There are two such laws for Muslims — one for the Shi'a and one for the Sunnis. The head of the bureaus administering Sunni and Shi'a waqfs respectively cannot even be appointed unless approved the relevant non-state religious authorities. In the case of the Shi'a Waqf Bureau, this gives Grand Ayatollah Ali al-Sistani formal veto power over the appointment of a state official. Each law moreover requires three other members of the board of the relevant Bureau to be jurists of sound reputation selected by the head of the Bureau, who is, as noted, already vetted by the highest relevant religious authorities. The contrast between the operation of these Islamic institutions and the Islamic Bank of Mesopotamia is rather surprising. Indeed, the level of representation of Islamic experts on the Islamic bank is less than the level of representation of such experts that some Islamist parties seek on the Federal Supreme Court, despite the fact that the latter is not an Islamic institution at all. Ultimately, the reasons have to do with legislative awareness of the manner in which Islamic finance operates, relative to the methods used to organize Islamic institutions and projects elsewhere in Iraqi society. Generally speaking, when Shi'a Islamists in particular are interested in rendering the shari'a more prominent in the lives of Iraqis, this is done through calling for more deference to the rulings of the authoritative jurists who preside over the Shi'a seminaries in Najaf. In the case of family law, such deference is achieved through a (as yet unimplemented) call to permit Iraqis to follow juristic rulings rather than state law in the area. In the case of the waqfs, it is achieved through formalizing a role for these non-state actors in state administration. Yet Islamic finance does not in fact organize itself in this manner, and deference to the rules of any single jurist would simply not be in keeping with the practices of this now global autonomously functioning industry. Instead, the industry adopts a patchwork of rules and regulations derived from the rulings of medieval and modern jurists of various schools of thought. Indeed, it must do this to preserve the flexibility necessary to function in a modern economic setting. Even with such flexibility, derogation from some Islamic rules is almost inevitable. The Iraqi legislators were merely recognizing this reality by having ecumenical experts appointed, and rendering them a clear minority and therefore unable to impede the bank's activities even if they did find a particular practice un-Islamic. As with the failure of the state to ban interest, there is very little that is logical, or coherent, in the state's sanctioned approach to operation of the Islamic Bank of Mesopotamia. It makes little sense for Shi'a Islamists to support the creation of a bank that operates through an amalgam of rules of different jurists from different schools of thought while describing as un-Islamic a Personal Status Code [PDF] organizing the law of the family and inheritance that does precisely the same thing in a different area of law. Yet this is precisely what has been done. It is another demonstration of the deep levels of nuance, complexity and, indeed, self-contradiction that color the issue of the role of Islam in the Iraq's legal and constitutional infrastructure. Haider Ala Hamoudi is a Professor of Law at the University of Pittsburgh School of Law. His scholarship focuses on Middle Eastern and Islamic Law, particularly as it pertains to matters of commerce. Hamoudi spent most of 2009 in Baghdad advising the Constitutional Review Committee of the Iraqi Parliament, responsible for developing amendments to the Iraqi Constitution aimed at national reconciliation, on behalf of the US Embassy in Baghdad. He is currently preparing a book on the drafting and subsequent evolution of the Iraqi Constitution to be published with the University of Chicago Press. He maintains a blog on Islamic Law. Suggested citation: Haider Ala Hamoudi, Iraq's Islamic Bank and the Islamicity of Interest, JURIST - Forum, Jan. 14, 2013, http://jurist.org/forum/2013/01/haider-hamoudi-islam-banking.php

I'm in. Thanks Adam and LGD!

i agree with machine here. the united states has proven to be one of the most arrogant countries of modern times. for many many years its balance of trade has remained in the negative. I believe it was last reported in july to have been around 40T in the negative. but the country appears to get by with continued purchasing power despite a long history of poor fiscal policy. at first the dollar maintained its position through the gold standard but the bretton woods program destroyed this platform. not deterred a new engenius platform was created in "dollars for oil". and this has carried the dollar onward for decades and allowed the country to evade the practice of sound monetary and fiscal policies. when it gets jammed up, just print more money.....don't worry about inflation and having to create a $1zillion note like zimbabwe, you simply offload your inflation onto the global community holding your money in reserves. the system is fully runaway. one day though chickens must come home to roost. who will be left paying for all of the runaway spending and immature fiscal policies? well as we stare into the eyes of our children we are apprehensive to answer that question. on the bright side though, that's why we are here at DV. some only see a glorious rv while others see something more. we know that it is best to hedge our wealth away from the usd and many of us has chosen the iraqi dinar as one hedging mechanism (there are many to choose from).

hi new york kevin. i read your post and pretty much agree with what you are saying or having no problem with the basis of your opinion. i am not able to determine however where i confused you. please help me understand. you mentioned something about the confusion in the first few sentences and went into a direction that lost me. although i am not sure where i am confusing you, i will attempt to add clarity. the spirit of your post proves that currency manipulation is not an exact science. this is why regardless of the mechanisms the fed is putting in place to weaken the dollar, the dollar continued to gain strength. with the usd it is even more difficult to steer because with so many central banks holding it in reserve, inflation of the usd often is offloaded to them which lessens the effect in america's markets. the fed is aware that ANY slight change to the usd MIGHT have huge effects to the global markets....even a small percentage increase. plus ANY increase to the interest, regardless of how small, is in the direction of strengthening the already strong dollar. not sure if that helped at all.

i strain to find truer words. well said my friend. men are the same all over the world - even from your own country.

somebody wake me when this HCL fiasco is over...... sheesh

very true my friend. in our case we have increased demand for the dinar which moves it in a direction of revaluation. others hope to increase supply of the dinar which moves it in a direction of depreciation.

this is one of the most impressive articles i have ever read

great work LGD!

they will be hard pressed to find even one holder of public trust who is not a thief. like priest like people. once the leader heads down the dark path of corruption, everyone follows. up to 300 names involved in corruption involving public officials stealing the people's money.......wow!

Wed Sep 23, 2015 6:13 ISIL Evacuates Military Positions, Bases in Mosul City TEHRAN (FNA)- Military sources disclosed that the ISIL Takfiri terrorists have withdrawn from their positions in the Southern parts of the city of Mosul in the Nineveh province. "The ISIL terrorist group has evacuated its military positions and bases in al-Qayareh and Hamam al-Alil in the Southern parts of the city of Mosul or 400 kilometers North of Baghdad," the Arabic-language Al-Alam news channel quoted Commander of the Iraqi Army's Second Brigade Brigadier General Zanoun Sabaawi as saying on Wednesday. He reiterated that the ISIL also relocated its prisoners from its three prisons located in Hamam al-Alil region to an unknown place. "The ISIL prisoners include army and police officers, Tribal leaders, Iraqi MPs, civil workers and ordinary citizens who have been transferred to unknown locations," Sabaawi said. Earlier this month, the Southern areas of the cities of Fallujah and Ramadi in Anbar province were purged of the ISIL Takfiri terrorists. "The 16th division of the Rapid Intervention Forces carried out a tactical operation in al-Naimiyah and managed to liberate it and arrive at a distance of 700 meters from Shuhada neighborhood South of Fallujah," Deputy President of the Anbar provincial council Faleh al-Issawi said. He further said that both cities would soon be fully liberated by security forces, local police and residents, while stressing that "the recent progress has tightened the siege on ISIL". The ISIL Takfiri terrorists currently control shrinking swathes of Syria and Iraq. They have threatened all communities, including Shiites, Sunnis, Kurds, Christians, Ezadi Kurds and others, as they continue their atrocities in Iraq. Senior Iraqi and Syrian officials have blamed Saudi Arabia, Qatar, and some Persian Gulf Arab states for the growing terrorism in their country. The ISIL has links with Saudi intelligence and is believed to be indirectly supported by the Israeli regime. appears to be a just a matter of time. corroborating this news with the steep uptrend in investor transactions on the isx certainly paints a picture that security in iraq is on a positive swing upwards. i am expecting to see isil resources leaving iraq for syria as they must concentrate their efforts and reduce their fronts to absorb the counterattacks of the coalition forces.

it is good to see that they are defending the currency from speculative attacks. the gist of a speculative attack is where currency speculators, who smell blood, purposely attempt to depreciate the value in the local currency for major profit. in simple terms, most developing nations use their foreign reserves to buy back their local currency (increasing demand) in order to maintain a stable rate. if a group of speculators see a country under strain to maintain a stable exchange rate to its currency, they will borrow in that country's currency and convert it to a different currency. they will band together to attempt exhausting the limited reserves of the country and eventually hope to force a depreciation of the currency. once the value drops, the speculators will pay off the debt in the newly depreciated currency allowing them to keep money in their pockets and walk away with heavy profits. Example: The Central Bank of TX is under strain using reserves to buy back TX bills in order to maintain its current exchange rate of 1:1 to the USD Group A (speculators) borrow in TX at a rate of 1:1 TX to USD in a launched speculative attack Group A converts the loaned amount into USD which forces the Central Bank of TX to use even more reserves in its buy back of TX The Central Bank of TX's reserves gets exhausted and a new exchange rate is implemented from 1:1 to the new 3:1 hence significantly devaluing the TX It is now time for Group A to payback the loan in TX and only need to convert 1/3rd of its USD (that was borrowed and converted) back to TX to repay the loan amount. Kahn Academy did a great job explaining it and even go into greater detail if you are interested.