Don961: Sunday 19 May 2019 10:33 PM

Updated: US Embassy in Baghdad targeted by Katyusha rockets

Sunday، 19 May 2019 10:33 PM

Reports said on Sunday that the US Embassy in Baghdad had been targeted by Katyusha rockets.

Green Zone is on alert after targeting US Embassy in Baghdad with Katyusha rockets.

Iraqi Security authorities cordoned off the Green Zone and sealed off the surrounding areas of it after the US Embassy in Baghdad had been targeted by Katyusha rockets.

Iraqi security authorities said that Katyusha rockets that targeted the US Embassy in Baghdad were fired from Ghadeer area in central Baghdad.

Iraqi security authorities said Katyusha rocket launcher was spotted near the University of Technology in central Baghdad.

Sources said that Asa’ib Ahl al-Haq, led by Qais al-Khazali, had shelled US Embassy in Baghdad.

Militants of Hezbollah and Asa’ib Ahl al-Haq terror groups had set up a rocket launcher then fled to Babel Hotel in Baghdad within an Iranian plot to demolish the US Embassy, sources revealed.

John Bolton, US President Donald Trump’s national security advisor, is in urgent meeting in the White House after Hezbollah and Asa’ib Ahl al-Haq terror groups shelled US Embassy in Baghdad.

Iran-backed militias fired katyusha rocket towards the Green Zone in Baghdad to kill US troops in Iraq, sources revealed.

First video of katyusha rocket that targeted the US Embassy in Green Zone in Baghdad.

pic.twitter.com/XKLX3CyisS (@mubasher_info) May 19, 2019

Hezbollah and Asa’ib Ahl al-Haq terror groups have targeted US Embassy in Baghdad by katyusha rockets, sources said, adding that Iraqi security forces had managed to defuse other rockets set up by Iran’s Revolutionary Guards Corps’ Quds Force that is led by Iranian commander Qassem Soleimani.

Iran-backed Asa’ib Ahl al-Haq terror group, led by terrroist Qais Khazali, is behind the attack on US Embassy in Baghdad, sources noted.

US President Donald Trump said in a tweet “If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again!”

Iran-backed terror militias will target diplomatic missions and foreigners in Baghdad in the coming few hours, sources underlined.

Iraqi forces had failed to arrest militants behind attack on US Embassy in Baghdad as Iran-backed militias are threatening the families of these forces.     link


StephenMac63:  Katyusha rockets are truck or rail mounted. They claim a launcher was found nearby….I highly doubt its a shoulder mounted rocket as they are rather large.

Second, the democratic media thrives on travesty and so far, not much of a peep. IMO, there are too many holes in this “event”, sure we got reports but not all reports are designed to give facts. IMO, Iran wouldnt just fire one rocket and run…remember its a truck mounted system, they can carry 12 and if Iran wanted to start something, they would have fired all 12 with reinforcements behind it.

There is a bigger story here its all being told while its not being told.

Don961:  Banks in the government curriculum

Sunday 19 May 2019

Samir Nusairi

In the fourth axis of the government curriculum (strengthening the economy), the Government’s time program for the government and private banking sector was set and the policy was formulated to implement the following objectives:

1- Developing the Iraqi banking system and enhancing citizens’ confidence in it.

2. Turning banks into their core function of lending for development.

3 – Banks that do not provide loans and banking facilities help in development lose its meaning as banks, which requires a specific position towards them from the Central Bank.

4 – Banks development burden and the importance of the Ministry of Finance and the Central Bank to support banks and develop their functions and not rely on their presence on the window of the process.

5 – Seeking to move from the paper currency economy to the symbolic and electronic currency economy and to withdraw funds outside the banking cycle and introduce them to the banking system.

However, the Central Bank’s strategy for the years (2016-2020) has achieved several objectives of the above governmental curriculum and has set the policies and standards necessary to achieve the objectives in stages, Which led to the assessment and classification of banks based on the achievement of the objectives planned, there are banks going to the required development and banks still need an additional period of time to achieve the objectives, as well as troubled banks are now extraordinary efforts of the Central Bank and the administrations of these banks for rehabilitation.

What matters to us here is the real role of banks in providing loans and banking facilities and moving from the role of banking to the developmental role. There are two important observations that must be taken into consideration regarding the subject of providing loans and banking facilities to stimulate the economy:

First: The nature of the activities of banks depends on the nature of the activities of the economic sectors. As long as the economic activity is concentrated in trade (imports), the activity of the banks remains concentrated on the external transfer and the related ones, so unless the other sectors (industry, agriculture, tourism, etc.) Banking activity.
Importantly, without control of imports, these sectors will not rise, which is why there is no progress on serious loans through the CBE initiative.

Second: The legal environment must be provided and the rule of law should be extended in order to eliminate the phenomenon of default in the repayment of loans and thus the reluctance of banks to provide loans and facilities.

The other important thing is to formulate policies to restore public confidence in banks, as well as to take quick and programmed steps in accordance with the objectives of the strategy of the Central Bank is the transition of the Iraqi banking sector to a solid and developed economic sector and complying with international rules and standards for compliance and combating money laundering, financial reporting and risk management and thus be a catalyst for development .

The importance of contributing to the revitalization of the economic cycle by activating and supporting the financing of small and medium-sized enterprises and large development projects, through which the building of a strong national economy and sustainable development serve the Iraqi people and their aspirations for a better life, is also important.

This means that each government or private bank has a specific plan for the four years specified in the government curriculum and under the supervision and follow-up of the central bank in the fields of development of payment systems and modern banking techniques, the transition from dealing with cash to dealing with advanced electronic payment methods in accordance with international standards, To promote financial inclusion, to build capacity, train and rehabilitate human resources, to achieve the objective of investing in human capital and to develop the structure of the banking sector.

The banks also pay attention to the implementation of the financial stability criteria. These are financial safety indicators such as capital adequacy ratio, liquidity ratio, profitability ratio, profit rate, net profit to capital ratio, return on assets ratio, return on equity, cost of activity and leverage, Funds, in addition to the adoption of indicators of measuring the efficiency of performance.     link

    |   Category: KTFA