URGENT: Luigi found these news articles of Dinarian interests...
Can another IQD devaluation be in the works?
WB says so if Iraq wants it's help to solve it's financial troubles.
These news articles are in the rumor section because of the Guru source.
WB may be helping CBI to get the note count down from off the streets.
Treat as rumor. Varafied from 2 news sources. Your opine.
URGENT: Bond Lady's Corner:
Iraq News: Al Araji: The World Bank asked Iraq to raise the the Dinar exchange rate to 1660.
PRATHA News Agency: Al Araji has revealed that the World Bank had asked Iraq to change the USD-IQD echange rate to 1660 for it's help in solving the financial crisis.
Could this article if true, be the RV icing on the cake.
Treat as a rumor until varafied. Your opine.
18 Nov 2015 Millionday!!
Millionday: THIS REPORT IS FANTASTIC SO READ IT ALL
Millionday: Omar Abdel-Latif, the World Bank advised the government to make major economic reforms during the next phase, to spare the Iraqi economy to be vulnerable to shocks, external crises in the long term, with the parliamentary finance committee Mazhb him supported the World Bank, describing the situation in Iraq and economic b »is very deteriorating »and he needed radical reforms.
Millionday: THE WORLD BANK IS FUNDING A LOT OF AREAS THAT HAVE BEEN CLEARED OF TERRORISM — AND THEY ARE THE WORLD BANK SO OBVIOUSLY >>>WHOOPOW
Millionday: He said the World Bank representative in Iraq, Robert Abu quality in a question raised by the« morning »via the Internet, that the austerity measures taken since the beginning of 2015, the fact that Iraq faced serious and urgent challenges, stressing that the drop in world oil prices and the war on gangs «Daash» terror led to a sharp deterioration in economic activity, public finance and balance of payments of the Iraqi state.
Millionday: NOTE — THE WORLD BANK IS ASKING FOR MAJOR ECONOMIC REFORMS
Millionday: He said Abu quality that there is a need to cut costs and enhance revenues and contain the deficit in 2016 measures, stressing the need to take government austerity measures, especially with the possibility of turning the situation Financial to «darker» than expected, as much as the export price of oil at $ 56, generates a deficit of 10 per cent of GDP.
and between Abu quality that despite the expectation of higher oil exports, but there are challenges to the Iraqi government does not stop in front of addressing only the current crisis, but also provide significant economic reforms to make sure that Iraq’s economy will not be vulnerable to shocks, external crises in the long term.
Millionday: NOTE — NOT ONLY REQUESTING ECONOMIC REFORMS BUT >>>>SIGNIFICANT ECONOMIC REFORMS — WHOOPOW
WASHINGTON DC – Iraq said Sunday it had signed a $350 million loan package to finance emergency projects in territories reclaimed from the Islamic State group known as ISIS, or Daesh in Arabic.
The fund will be used for “emergency reconstruction of areas liberated from the Daesh terrorists,” the Iraqi finance ministry’s website said.
The agreement, signed in Baghdad by Iraqi Finance Minister Hoshyar Zebari and the World Bank’s director for the Middle East, Ferid Belhaj, is part of a larger package from the World Bank, aimed at developing infrastructure in Iraq.
“The loan comes in the framework of a technical and financial assistance from the World Bank that totals up to $1.7 billion in development plans in Iraq,” the ministry said.
In Washington in April, Zebari met with World Bank officials and called for $2 billion for the budget and for reconstruction in the liberated areas.
The war with ISIS and a drop in oil prices has placed a severe financial strain on Iraq, with its current budget running a $20 billion deficit.
Could these new loans delay the RV/RI?
Can Iraq stand on it's own by 2016?
Will Iran sep up as a team player in the region?
What impact will this have on their economy?
Is this more smoke & mirrors by the CABAL?