10-4-2015 *Kaperoni

[Vixen]

10-3-2015 *Kaperoni ~Article quote: "the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs." Looks like last Tuesday or Wednesday they met and reviewed or made changed (second amendment) of the Investment Law. And now a meeting is scheduled for tomorrow to see it its ready to go to a vote or not.

10-4-2015 *Kaperoni ~Article quote: "Rafidain Bank expressed readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq." ...this is really the same thing as what the CBI instituted back in March. Rather than purchasing foreign exchange through the auctions, merchants use these remittances through their bank (in this case the Rafidain) to do the currency conversion and payment for imports. This method provides the most secure method and justifies the exchange of foreign currency (know your customer). The end result is a reduction of criminal activities such as money laundering and hopefully reduces the demand on the CBI's reserves.