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OK Who's Right...Gurus Can't Agree If IQD Is Int'l.


Luigi1
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1-5-2017   Newshound Guru Enorrste    ...it is my understanding...while under article XIV the dinar is not "internationally tradable" as we would normally use the term.  It is true that one can buy physical dinars, but the dinar is not "traded" on any exchanges as we normally think of that term.  Second, being under article XIV...also offers Iraq legal protection against lawsuits.  It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world.  The big players won't take the risk if they don't have some recourse legally.  Therefore...practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.

1-5-2017   Newshound Guru Kaperoni
   ...the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq. 



 

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