Iraqi News Finance Ministry to Cooperate With Gulf Banks - 13 April 2010 - AK News

[ronscarpa]

JODY2010 sent this link to me - Good Find Jody

http://www.aknews.com/en/aknews/2/134941/

Finance Ministry to cooperate with Gulf banks

Tuesday, April 13th 2010 2:16 PM

Baghdad, April 13 (AKnews) - The Iraqi Finance Ministry is looking forward to combine the banks of the Iraqi government with the economically developed Gulf states", an official security source at the Finance Ministry said today.

"The economic ties with the developed Gulf states would support the Iraqi economy in the next stage, especially that Iraq has many economic problems," the Adviser of the Ministry, Zuhair Abbas, told the Independent National News agency of Kurdistan (AKnews).

He said the Ministry, in coordination with the Iraqi Central Bank and the Foriegn Ministry would hold continuous meetings to discuss the possible frameworks in the composition of combination with large banks in the Gulf States."

"The combination won't exceed banking and financial cooperation in addition to advices, and it is not considered a full combination, because the economic situation in Iraq differs from the economies of the other states."

Abbas said that "more than 6 Gulf banks expressed their wish to facilitate the process of combination to carry out money exchange between Iraq and those countries and the work of Gulf investors in Iraq."

"The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Rn/SH (AKnews)

[carlablum]

:twothumbs:Thank you Ron!

as soon as possible???

The most prominent problem in the subject is the difference in prices

I love that statement!!!!

[MoraMora]

That sounds like an RV to me.... Good News

[mrref]

I don't know is that good news or bad news????

[Doc31]

"The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said.

Tomorrow is good for me ... I can clear my schedule for this kind of cooperation to resolve the problem ... anyone else? GO RI/RV

Thanks Ron and Jody2010