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TOPIC: Saturday UPDATE for March 17, 2018


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Saturday UPDATE for March 17, 2018
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Iraqi TV is broadcasting payments for citizens in large volumes.

Iraqi News is showing the lifting of the international ban on all Iraqi stadiums.

March 21 is being determined a holiday, all Iraqis are being told they will have payments by this date.

Still no rates shared by those citizens who have received payment already.  Time Will Tell! smile



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Iraqi TV was broadcasting the House of Representatives stating that the Ministry of Finance will launch the 2018 Budget in four days.....just inside of the supposed 15-day deadline. smile



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So far, three bank sources have reported seeing rear and "Front" screens populating with supposedly "live" rates. But, of course, all of the banks are closed for now.
A member has shared an "unconfirmed" report of certain exchange personnel reporting to work on Sunday morning. Wooo Hoooo! smile

TIME WILL TELL ALL!!



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Iraqi TV broadcasts the CBI has launched electronic banking throughout Iraq stating that all citizens will now be paid via this new system. Even the Kurdistan region has ceded its banking operations.

Written articles have surfaced stating the following:

  • The Budget will go forth as written, even if not approved by the President of the Republic, Faud Masoum.
  • The House of Representatives formally addressed the Ministry of Finance to launch allocations budget in 2018 after 15 days from the date of sending to the Presidency of the Republic [of course, we shared this earlier already smile ]
  • Warka Bank has informed its clients that they can now purchase Warka stock from the funds deposited in their bank accounts to participate in the Capital increase. The value will be (1) IQD per Warka share. [what could THAT possibly be worth?]
  • The budget will be posted in the Official Gazette fifteen days after the ratification.....the House of Representatives is considered to have ended the vote on the budget and there is no violation of the Constitution.


Time Will Tell! Wooo Hooo again



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