Firefly: Article quote: “Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.”
Government banks Rafidain and Rasheed…Notice all the talk about those 2 banks lately?
Both claiming to be ready and the CBI confirming it…Follow the MONEY folks
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Hub …i just know the law of economic principal will prevail.
Look at the GNP or GDP of countries that have worthless currencies. They are worthless because they have no KNOWN resources.
BUT look at what is happening to VN, ZIM and other such places. New Technologies have ways to extract natural resources not able to be obtained before.
So are we seeing their worthless currencies gaining value, yes.
Iraq is known to be one of the riches countries in the world, but still has a worthless money right now.
But imo they have to be very close to coming to the world fore front economically. …they will not be worth trillions in resources and not have a currency worth trading…
Emailed to Recaps:
The huge ‘Panama Papers’ data dump is about to drop
On Monday May 9, anyone in the world will be able to scour through a database of 200,000 companies, trusts, foundations, and funds incorporated in 21 tax havens to see where the world’s richest people squirrel away their wealth in order to pay as little tax as possible.
The findings of the so-called Panama Papers investigation were unveiled at the beginning of April.
Over 11 million documents held by the Panama-based law firm Mossack Fonseca had been leaked to the German newspaper Suddeutsche Zeitung. The paper shared the information with the ICIJ, which is made up of 107 media organisations in 78 countries.
The global news outlets examined 28,000 pages of documents, also revealing the full scale of the tax breaks won by 340 companies.
The details of the investigation have already claimed the scalp of Spain’s acting industry minister Jose Manuel Soria and Icelandic Prime Minister Sigmundur David Gunnlaugsson — each of whom stepped down because of activities exposed by the Panama Papers documents.
So the mass publication of hundreds of thousands never before seen documents could lead to another huge shakeup for authorities and communities if they are explosive as the initial findings.
“The impact of Panama Papers has been epic,” said the ICIJ in an emailed statement.
“The investigation has led to high profile resignations, including the prime minister of Iceland; triggered official inquiries in multiple countries; and put pressure on world leaders and other politicians, such as Britain’s Prime Minister David Cameron, to explain their connections to offshore companies.
It sparked a new sense of urgency among lawmakers and regulators to close loopholes and make information about the owners of shell companies public.”
This week, the anonymous person behind the massive leak published a 1,800-word statement on the ICIJ website saying that “income equality” was his motive for publishing the sensitive tax information from law firm Mossack Fonseca and that he is offering to help authorities across the world make prosecutions in exchange for immunity.
http://www.businessinsider.com/panama-papers-database-list-mossack-fonseca-companies-and-individuals-tax-details-live-2016-5?r=UK&IR=T
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