I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT…
SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES.
[Well it is an international bank.]
IT IS…BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ…THAT WAS PUT UNDER “GUARDIANSHIP STATUS” IN 2013 TO SUPERVISE THEIR INSOLVENCY…
AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK…WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS.
[When do you think these auctions will stop?]
WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP…
THEY NEED CURRENCY…THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP…
[I thought they were trying to dry up the dollar already?]
THEY ARE..BUT…LIQUIDITY IS DIRE.
