Millionday   Article quote:  “Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers.”

 IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ — IN OTHER WORDS — GLOBAL TRADE.   CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO — WE ARE CLOSE.

Article quote:  “Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks…noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq.”

 IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM…THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS…INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY.   THIS IS THE MEETING AND THE PLAN — NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. 

[if international banking is utilized would they have to have an international recognized currency?]

THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY.

 [Sure smells of Basel 3 compliance to me!]

 I AGREE.