8-14-2013 *Kaperoni

[Vixen]

8-14-2013 *Kaperoni ~Article: "Demand to amend Article 28 of the Banking Act" ...until they modify this law, the private banks cannot engage with international banking institutions to acquire investment capital, etc. I am pretty sure the state banks (Rafidain and Rasheed) already have that authority. I don't doubt there are many against change in Iraq. We see it daily with the dinar, when the Kurds talk raising the value, the next day we see articles saying..be patient, or the conditions are not appropriate. I think that is why their is so much outside pressure to push them forward. One thing is for sure, this investment has many twists and turns along the way.