TNT SHOWTIME

Iraq

• Iraq Minister of Trade is saying that Iraq must join the World Trade Organization (WTO). This will help their country.

• News is indicating that private banks are supporting all reforms by the CBI (Central Bank of Iraq).

• The new tax system is being submitted to the Council of Ministers for approval.

• United Nations representatives are on Iraqi TV interviews requesting that Baghdad and Erbil accelerate acceptance of their agreements and to complete the financial reforms.

• Iraqi TV is broadcasting that President Saleh is refusing to sign the Borrowing Law.......(more news at 11)

US

• Some banks are very excited after having meetings with Treasury.

• Some rates are being seen again.

• Appearance and demeanor will reflect negotiated rates....at their discretion.