RUSSIA AND INDIA AGREEMENT TO USE THEIR CURRENCIES DIRECTLY FOR TRANSACTIONS

Original link to statement by Russia central bank

[translation]:

First Deputy Chairman of the Central Bank of the Russian Federation KV Yudaeva and Executive Director of the Reserve Bank of India G. Padmanabhan at the twentieth meeting of the Subgroup on banking and financial issues of the Russian-Indian intergovernmental commission on trade-economic, scientific-technical and cultural cooperation discussed the current state and prospects of cooperation between banks

The meeting was attended by representatives of central banks, ministries and agencies, credit organizations in Russia and India.

During the meeting dealt with the problems faced by the branches and subsidiaries of banks in the two countries and ways of addressing these problems.

As a priority area discussed the use of national currencies in mutual settlements. Given the urgency of the issue and the interest of commercial structures of the two countries, the meeting decided to establish a working group to develop a mechanism for the use of national currencies in mutual settlements. It will consist of representatives of banks and, if necessary, the ministries and departments of the two countries to coordinate its activities will be central banks of Russia and India.

Kuwaiti firm suggests trading oil in Bitcoins

"a new report (Disruptive Technology: Bitcoins, Currency Reinvented?) recently issued by Kuwait-based investment banking and asset management firm Kuwait Financial Centre, also known as Markaz, even goes a step further: Oil producing countries, particularly in the GCC, could benefit if they would use bitcoin in oil trading, Markaz’ research department argues."

ANGOLA SUBSIDIARY OF PORTUGAL BANK SAYS IT NEEDS CAPITAL ASSISTANCE

Espirito Santo woes spill over to Angolan banking unit

"Investors are watching potential liabilities at BES's 12-year-old Angolan unit as a fault line in an escalating affair that has already roiled global markets and forced Portugal’s biggest telecoms firm to reduce its role in a planned merger with a Brazilian rival."

NOTICE: I am not able to paste quotes from linked articles, and only able to post links and type by hand information about the story. Has anyone else had this problem in blogspot?

Regards,

Goedeck

Beijing and Seoul agree to direct trade in national currencies.

LINK

China creating a clearing bank for yuan-denominated transactions.

SUNNI AND BAATHIST UPRISING

"All the Sunni tribes have come out against Maliki"

Comment by Ben JonesBen Jones

2014-06-23 07:19:01

‘Whilst the instability in Iraq has connections to the Syrian conflict next door, and many individuals who fought for Isis in Syria are now present in Iraq, the Iraqi insurgency is more acutely focused on solving the problems of Iraq’s fractured polity than it is the goals of more radical Islamic groups.’

‘In a recent interview with the Daily Telegraph, member of the Batta tribe and leader of the Islamic Army of Iraq Sheikh Ahmad al Dabash stated: “All the Sunni tribes have come out against (Iraqi Prime Minister Nouri) Maliki.’

“There are parts of the military, Baathists from the time of Saddam Hussein, clerics, everyone (who) came out for the oppression that we have been suffering,” he added.’

‘To dismiss what is happening in Iraq as the product of the maniacal whims of a few radical fanatics is to ignore the very real social inequality that exists in Iraq.

Travelling around the country in recent days, I have been shocked at the levels of deprivation that some of Iraq’s citizens have endured.’

‘The grouping of fighters that has swept through Iraq to within 60km (40 miles) of the capital is not a nihilistic jihadist group hell bent on the establishment of an Islamic caliphate.’

‘It is a more general uprising by large groupings of disaffected communities throughout north-western Iraq and a product of years of social exclusion, poor governance and corruption by the Iraqi government.’

http://www.bbc.com/news/world-middle-east-27945954

So why is the media hellbent on portraying this as one small group?

Judge who sentenced Saddam to death has been executed by Iraq revolutionaries

from Almesryoon.com:

"There were reports the execution of Iraqi judge, Raouf Abdel-Rahman, who spent the same judgment on Iraqi President Saddam Hussein, according to confirmed the pages on the social networking site, without official confirmation from the Iraqi government. The pages on social networking sites, including Page MP Jordanian Khalil Attieh on the site "Facebook" to "revolutionaries Iraqis arrested him and sentenced him to death in retaliation for the death of the martyr Saddam Hussein," he said, adding that Rauf tried to escape from Baghdad after wearing uniforms dancers.

"She page Izzat al-Douri, vice-president Saddam Hussein, the "Facebook" to the rebels Iraqis were able to arrest the Kurdish judge Rauf Rashid, who issued a death sentence against the former Iraqi leader, which is currently in the "grip of the soldiers of the Islamic State and the men of the Baath Party." She page address, Iraqi Prime Minister Nuri al-Maliki, "Judge Rauf Rashid in the grip of Mujahideen equipped Aahalki neck", in reference to al-Maliki, also falling in the hands of insurgents." اقرأ المقال الاصلى فى المصريون : https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://almesryoon.com/[...]

Ed:Sorry I had trouble with the link, but the story is from almesryoon.com from 18 June 2014.