The Financial Operations Of: Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering

[Butifldrm]

7 hours ago, presence said:

So, doesn't the removal of multi-currency practices in Iraq essentially mean that they will

be off the dollar? Am I missing something here, or is this as almost as huge of a release as possible prior to change in rate? 

 

If Iraq were to make the  move into article VIII under IMF guidelines, the IQD would become an internationally traded currency.  This would decrease the need for the dollar by the citizens and the oil market would be the main driver for the dollar in Iraq.  The Government banks and the Private banks would not be able to make money under the current laws.  The banking law must be changed to allow private banks to be able to invest int the private sector and the CBI must be supported by Taxes before we see a move into article VIII.   IMO,  the corruption in Iraq from the government down has been the main market driver, and this is why the US is trying to decrease the trade and influence that Iran has on Iraq.   Iran has been taking advantage of the Iraqi Shia Government BY TRADE AND AUCTION to obtain dollars while under stringent sanctions.  There have been many article recently stating that most of the goods in Iraqi markets come from Iran.  More than likely, these goods were bought with petro dollars.  IMO, Iran will have to be dealt with before the Shia government of Iraq will chose to move into article VIII.

[nannab]

Thank you Butifldrm. 

[yota691]

24-07-2017 03:34 PM

Iraq discusses with the World Bank mechanisms to implement the reconstruction of liberated areas

 

 

 

Minister of Housing, Municipalities and Public Works Ann Nafie Oussie discussed with the World Bank's operations team the obstacles and mechanisms of implementing the Bank's emergency loan provisions for the reconstruction of liberated areas and giving the Ministry's biggest role in the implementation and supervision of projects financed by the loan. 

The ministry's media center said that "this came during the meeting held by the minister at the Rashid Hotel, in the presence of the President of the Reconstruction Fund for the liberated areas Mustafa Al-Hiti, the Director of World Bank Operations (Ibraham Dajani), the accompanying delegation and a representative of the General Secretariat of the Council of Ministers, Ministries that have projects in the liberated areas and have been referred for implementation by Ministry companies. 

Nafie explained that the ministry has solid companies with experience in the field of infrastructure construction, especially in the roads, bridges, water, sewerage, public buildings and the role of many years. 

For his part, the head of the World Bank operations team, the bank's keenness to implement the terms of the emergency loan by 100% by the end of this year, and hoped to avoid obstacles that delayed disbursement of funds during the past months to ensure the smooth disbursement of funds and the urgency of providing assistance to the population in liberated areas. 

The representative of the Secretariat General of the Council of the Ministry said that the Secretariat prepared new instructions regarding the implementation of the provisions of the emergency international loan in agreement with the bank and will be circulated in the coming days to all ministries and departments concerned, to ensure the smooth implementation of paragraphs of the loan.

[yota691]

A meeting on the reconstruction of liberated cities

Editorial date: 2017/7/23 11:50 • 227 times read

[Ayn-Baghdad] 
The General Secretariat of the Council of Ministers held a meeting with the concerned authorities to discuss the reconstruction of cities liberated from the gangs of terrorist advocates.

"The governor of Anbar, Suhaib al-Rawi, participated in the meeting of the General Secretariat of the Council of Ministers headed by Mahdi al-Alak, Secretary General of the Council of Ministers, on the reconstruction and development of the provinces affected by terrorist operations and the war." 
Prime Minister Haider al-Abadi said on June 22 that the cost of destruction of infrastructure due to the war on the Dahesh exceeds 100 billion dollars. 
Iraq plans to hold an international donor conference hosted by Kuwait early next year for the reconstruction of liberated cities.

[Bama Girl]

I see a lot of job opportunities for the Iraqis who want to obtain the skills and want to work. Iraq can now have a very bright future if Iran, Syria, ISIS, & ugly corruption don't interfere. There is nothing to stop them from being another Dubai except themselves. 

[presence]

Butifldrm, thank you very much for taking the time to answer my question in a manner that provided historical analysis of the 'big picture'. Your perception certainly makes sense. Despite trying to read and learn about Iraq over the years, it's always been a challenge to completely understand societies in the Middle East due to their complexity and the things that are 'lost in translation.' 

 

Hopefukky Iraq's sectors come together for the common good and for a common goal, which would/should be economic reform  to aid all of its citizens, as well as the elimination of Maliki from public office (and then some.) 

[danielchu]

is it possible for iraq to become article VIII compliant after THEY end the MCP and revalue there currency instead of other way around?

considering they are partially under article VIII now!

Edited July 26, 2017 by danielchu

[wciappetta]

1 hour ago, danielchu said:

is it possible for iraq to become article VIII compliant after THEY end the MCP and revalue there currency instead of other way around?

considering they are partially under article VIII now!

 

You're correct they are under article VIII now in most aspects. Art 14 for example is  like a refining tool to bring them fully compliant with Art VIII. Indeed MCP will end with revalue .

[yota691]

Head of Reconstruction Fund: Stability requirement to start reconstruction

President of the Reconstruction Fund Mustafa Al-Hiti

Economy News Baghdad: The head of the Reconstruction Fund, Mustafa al-Hitti, said that the international loans and grants for the reconstruction of the liberated areas of Daqash, is the fastest way to implement the reconstruction programs, a check on loans because it "puts the country under debt and the benefits of it." He pointed out that "the majority of international grants supervised translation into the projects of the German Embassy and the United Nations, funds not recorded in the records of the Ministry of Finance or planning, and acted in coordination with local governments of the provinces. "There are two committees set up by the government to oversee the reconstruction of the liberated areas, the first is the crisis cell headed by the Secretary General of the Council of Ministers Mahdi Al-Alak, and the second is composed of the Supreme Advisory Group headed by the president," al-Hiti said in an interview with Al-Hayat newspaper in London. Minister Haidar Abadi and the membership of the ministers concerned and representatives of the region and the provinces and military leaders, whose mission is to secure the requirements of the displaced and their return and stability in their areas of origin. " And coordination mechanisms with international donors, he explained that "this coordination already exists, and merged international efforts in the crisis cell and meetings with ambassadors of European countries to consider the needs of the ministries concerned, while there is no law so far to manage disasters in Iraq." He pointed out that "the emergence of problems, including mine clearance, had to be disengaged between the restoration of stability and reconstruction," adding that "the restoration of stability requires short periods of not more than 90 days, while reconstruction needs at least 10 years." The reconstruction fund "was established in 2016 by 148 billion dinars ($ 127 million), along with loans, grants and loans of 350 million dollars for reconstruction." He stressed that "the legislative authority to enact a law for the Fund to make it easier for us to deal with donor countries and to be patient in its dealings with States." "The focus now is on the province of Nineveh, where stability has not yet been achieved, in return for the stability of the situation in Anbar and Salahuddin and is supposed to start the stage of reconstruction, among the functions of the cell, which begins the restoration of services basis to the liberated areas. "There is an overlap between local and international bodies, but anyone who has the necessary funding will be assigned the task of completing the project, taking into account its priorities," he said. "The Higher Committee spent more than 20 billion dinars for Anbar and Salahuddin in 2016, while the United Arab Emirates spent $ 300 million to restore the stability that began in August 2015 after the liberation of Tikrit." The money has come to a special fund run by the German ambassador to Iraq, Eliza Krand, and is not directed to the Iraqi government, but takes orders from local governments. With the completion of the Nineveh liberation operations more than two months ago, the UNBDP projects began to provide $ 25 million to fund 27 projects, and a few days later, 25 additional projects funded by the international community were approved to support stability, education, health, electricity and sanitation. Heti did not rule out "the tampering in the implementation of projects, because" the implementing agencies have dozens of means to circumvent, such as the use of old mechanisms and others, so it was necessary to find a way to oversee the implementation of contracts by specialized bodies. "He revealed that" Engineering and accounting system is able to verify any project, and know the real cost and prevent waste of money, and ensure the disbursement on a larger number of projects, even if the international grants are calculated on Iraq, and we seek the interest of our country and the benefit of the people of the affected areas. He explained that "the Fund carried out in the province of Anbar 113 projects, and in Sinjar 13, along with a number of projects in other areas, to reach what we have completed in two months 152 projects, and brought life to a number of universities and hospitals.   Views 17   Date Added 29/07/2017

[HAROON RASHEED]

IRAQI DINAR WILL RISE AT ANY TIME AND MAIN ISSUE WAS THE MOUSAL WHERE ISIS OCCUPY ON MOUSAL NOW IRAQ DEFEAT TO ISIS , NOW IRAQ WILL RV ANYTIME 

NEW IRAQI DINAR NOTES. 25, 10, 5, 1 COIN AND FILS

RATE IN DOLLAR. 1$

PAKISTAN RATE. 17.512 PKR

ITS A CONFIRM NEWS  

[yota691]

Ministry of Construction announces the rehabilitation of bridges in the liberated provinces in cooperation with the World Bank

Economy News _ Baghdad The Ministry of Construction, Housing and Municipalities announced on Sunday that it is working in cooperation with the World Bank to implement projects to rehabilitate the destroyed bridges in the liberated governorates, including Nineveh province, as well as implementing water supply projects. "The ministry has a duty to return services to the liberated areas, and our responsibility is to lift the rubble and open the streets and deliver water to the citizens," said Minister of Construction, Housing and Municipalities Ann Nafie Oussi during a press conference in the province of Basra. "The displaced do not return to their homes Before the provision of water for them, and water is more important than the electricity service. "  Oussi pointed out that" the ministry is working in cooperation with the World Bank to rehabilitate destroyed bridges in the provinces of Salah al-Din, Anbar and Diyala, "adding that" there is an integrated plan for the rehabilitation of bridges in the city of Mosul, Some bridges in the near term, Then all the bridges in the long run. "

Views 240   Date Added 30/07/2017

[SnowGlobe7]

18 hours ago, HAROON RASHEED said:

IRAQI DINAR WILL RISE AT ANY TIME AND MAIN ISSUE WAS THE MOUSAL WHERE ISIS OCCUPY ON MOUSAL NOW IRAQ DEFEAT TO ISIS , NOW IRAQ WILL RV ANYTIME 

NEW IRAQI DINAR NOTES. 25, 10, 5, 1 COIN AND FILS

RATE IN DOLLAR. 1$

PAKISTAN RATE. 17.512 PKR

ITS A CONFIRM NEWS  

 

Elaborate

[ChuckFinley]

1 hour ago, SnowGlobe7 said:

 

Elaborate

I just had to check to make sure I was not in the Rumor Section. Excellent question SG7. A statement like that needs some details. 

[10 YEARS LATER]

2 hours ago, ChuckFinley said:

I just had to check to make sure I was not in the Rumor Section. Excellent question SG7. A statement like that needs some details. 

 

Interesting news like that needs a LINK , huh . . .  

[brob]

21 hours ago, HAROON RASHEED said:

IRAQI DINAR WILL RISE AT ANY TIME AND MAIN ISSUE WAS THE MOUSAL WHERE ISIS OCCUPY ON MOUSAL NOW IRAQ DEFEAT TO ISIS , NOW IRAQ WILL RV ANYTIME 

NEW IRAQI DINAR NOTES. 25, 10, 5, 1 COIN AND FILS

RATE IN DOLLAR. 1$

PAKISTAN RATE. 17.512 PKR

ITS A CONFIRM NEWS  

Pumper 

[Scott McD]

23 hours ago, HAROON RASHEED said:

IRAQI DINAR WILL RISE AT ANY TIME AND MAIN ISSUE WAS THE MOUSAL WHERE ISIS OCCUPY ON MOUSAL NOW IRAQ DEFEAT TO ISIS , NOW IRAQ WILL RV ANYTIME 

NEW IRAQI DINAR NOTES. 25, 10, 5, 1 COIN AND FILS

RATE IN DOLLAR. 1$

PAKISTAN RATE. 17.512 PKR

ITS A CONFIRM NEWS  

 

[yota691]

Reconstruction and Housing: Rehabilitation of the bridges of the liberated governorates in cooperation with the World Bank

31/7/2017 12:00 am    Baghdad / morning / Wafaa Amer The  Ministry of Construction and Housing and Municipalities, in cooperation with the World Bank on the implementation of projects for the rehabilitation of bridges destroyed in the liberated provinces, as well as the implementation of projects to provide water, as agreed with one of the Korean companies to implement residential units and low cost in those areas.  "We have the responsibility to restore the services to the liberated areas. It is our responsibility to lift the rubble, open the streets and deliver the water to the citizens," said Minister Nafie Osei during a press conference held yesterday. "The displaced do not return to their homes before providing water to them, which is more important than the electricity service. .  Osei pointed out that the ministry is working in cooperation with the World Bank to rehabilitate the destroyed bridges in the governorates of Salah al-Din, Anbar and Diyala, adding that there is an integrated plan for the rehabilitation of bridges in the city of Mosul in the near and long term.  It is noteworthy that the terrorists urged to blow up the number of quite a few vital bridges in the provinces of Nineveh, Anbar and Salahuddin during the past three years in an attempt to isolate the areas and prevent the security forces from liberation.  For his part, the director of the media center of the ministry Ahmed Awat said in a statement to the "morning" that the Minister Nafie Oussi met with a delegation from the company (Hnwa) South Korea to develop mechanisms for the construction of low-cost housing complexes in areas affected by terrorism because of the urgent need for resettlement "He pointed out that it was agreed to establish 2080 housing units and low cost in those areas as a first stage, within the plans of the Ministry for the reconstruction of the liberated areas of Dansh.  He added: The meeting also included discussing the possibility of the company exploiting its production plants and its experience gained from its projects in the country in the process of reconstruction of the regions, pointing out at the same time that the minister directed all departments of the ministry in full cooperation with the company, especially that the country needs more than three million Housing units to accommodate residential growth rates.  He pointed out that the ministry has a large number of companies specialized in the construction of housing units, roads and bridges, explaining that it is keen to adopt modern methods in the process of construction.

[Laid Back]

http://www.imf.org/en/News/Articles/2017/08/01/pr17311-imf-executive-board-completes-second-review-of-iraq-sba-and-the-2017-article-iv-consultation?cid=em-COM-123-35710

[yota691]

IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation

August 1, 2017

• The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar, which provides a key anchor to the economy.
• Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation need to be implemented.
• The authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital expenditure while protecting social spending.

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about US$ 824.8 million), bringing total disbursements to SDR 1494.2 million about US$ 2109.7 million. The SDR 3.831 billion arrangement (about US$5.34 billion at the time of approval of the arrangement) was approved in July, 2016 (See Press Release No. 16/321) and the first review was completed on December 5, 2016 ( See Press Release No. 16/540).

As part of the completion of the second review, the Board also approved Iraq’s request for waivers of non-observance and applicability of performance criteria, and modification of performance criteria. Further fiscal consolidation was achieved in 2016, but at a slower pace than programmed because of weak control of investment expenditure and humanitarian needs. To move the program forward, the authorities are implementing strong corrective measures as prior actions and are committed to further fiscal measures in 2018 to ensure external and debt sustainability.

The Executive Board today also concluded the 2017 Article IV Consultation with Iraq. A respective press release will be issued separately.

Following the Executive Board’s decision, Mr David Lipton, First Deputy Managing Director, issued the following statement:

The economic policies implemented by the Iraqi authorities to deal with the shocks facing Iraq—the armed conflict with ISIS and the ensuing humanitarian crisis and the collapse in oil prices—are appropriate. In the fiscal area, the authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital expenditure while protecting social spending. The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar, which provides a key anchor to the economy. Performance under the Stand-By Arrangement has been weak in some key areas, but understandings have been reached on sufficient corrective actions to keep the program on track. Resolute implementation of the authorities’ program, together with strong international financial support, will be key.

Further fiscal consolidation measures are needed in 2017-18 to keep the program on track. The composition of the fiscal adjustment should be improved over time by increasing non-oil revenue and reducing current expenditure. In addition, reforming the electricity sector and state-owned enterprises will make room for larger and more effective investment expenditure that supports growth and job creation.

Significantly improving public financial management will be important. Arrears need to be assessed and paid following verification, and expenditure commitment and cash management should be strengthened to prevent the accumulation of new arrears.

Measures to bolster financial sector stability include strengthening the legal framework of the Central Bank of Iraq, restructuring state-owned banks, and eliminating an exchange restriction and a multi-currency practice. Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation also need to be implemented.

Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy.

 

Table 1. Iraq: Selected Economic and Financial Indicators, 2013–22
(Quota: SDR 1,663.8 million)
(Population: 37.5 million; 2016 est.)
(Poverty rate: 23 percent, 2014)
(Main export: Crude oil)
	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
				Est.	Prog.	Prog.	Proj.	Proj.	Proj.	Proj.
Economic growth and prices
Real GDP (percentage change)	7.6	0.7	4.8	11.0	-0.4	2.9	1.7	2.0	2.1	2.1
Non-oil real GDP (percentage change)	12.4	-3.9	-9.6	-8.1	1.5	2.0	3.0	3.9	4.0	4.1
GDP deflator (percentage change)	0.0	-0.7	-26.9	-12.9	12.9	2.3	2.9	3.8	4.4	4.7
GDP per capita (US$)	7,021	6,517	4,869	4,533	4,958	5,091	5,194	5,362	5,569	5,806
GDP (in US$ billion)	234.6	234.7	179.8	171.7	192.7	202.9	212.3	224.8	239.5	256.2
Oil production (mbpd) 1/	3.0	3.1	3.7	4.6	4.6	4.7	4.8	4.8	4.9	4.9
Oil exports (mbpd) 1/	2.4	2.6	3.4	3.8	3.8	3.9	3.9	4.0	4.0	4.1
Iraq oil export prices (US$ pb)	102.9	96.5	45.9	35.6	45.3	45.4	44.9	45.2	45.9	47.1
Consumer price inflation (percentage change; average)	1.9	2.2	1.4	0.4	2.0	2.0	2.0	2.0	2.0	2.0
		(In percent of GDP)
National Accounts
Gross domestic investment	26.9	25.7	24.4	20.6	19.7	19.1	18.6	18.2	18.2	18.0
Of which: public	17.4	18.0	15.1	11.4	11.1	10.5	9.8	9.3	9.1	8.8
Gross domestic consumption	69.5	69.9	81.6	87.8	86.4	85.1	85.3	84.3	83.4	82.2
Of which: public	21.0	18.3	22.3	22.9	23.7	22.2	21.1	19.7	18.3	16.9
Gross national savings	28.1	28.3	18.0	11.9	13.4	12.4	14.5	15.0	16.1	17.4
Of which: public	11.6	13.0	3.0	-2.3	6.6	6.3	8.7	8.9	9.9	11.1
Saving - Investment balance	1.1	2.6	-6.5	-8.7	-6.3	-6.7	-4.1	-3.2	-2.1	-0.6
		(In percent of GDP, unless otherwise indicated)
Public Finance
Government revenue and grants	42.2	38.2	30.3	27.4	35.9	36.4	35.6	34.5	33.7	33.0
Government oil revenue	38.6	36.0	27.5	23.2	31.8	31.7	30.6	29.4	28.3	27.5
Government non-oil revenue	3.5	2.1	2.8	4.1	3.9	4.6	4.8	5.0	5.2	5.4
Grants	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0
Expenditure, of which:	48.0	43.5	42.6	41.5	41.0	41.1	37.2	35.0	33.1	31.1
Current expenditure	30.6	25.5	27.5	30.1	30.0	30.7	27.4	25.8	24.0	22.3
Capital expenditure	17.4	18.0	15.1	11.4	11.1	10.5	9.8	9.3	9.1	8.8
Primary fiscal balance	-5.4	-5.1	-11.7	-13.4	-3.8	-3.7	-0.5	0.7	1.8	3.1
Overall fiscal balance (including grants)	-5.8	-5.4	-12.3	-14.1	-5.1	-4.7	-1.7	-0.5	0.6	2.0
Non-oil primary fiscal balance (percent of non-oil GDP)	-67.6	-56.1	-45.1	-44.6	-47.8	-43.4	-39.6	-35.4	-32.0	-28.7
Memorandum items:
Tax revenue/non-oil GDP (in percent)	1.9	1.7	1.0	3.9	4.6	5.5	5.6	5.6	5.7	5.9
Total government debt (in percent of GDP)	31.2	32.0	54.5	66.7	63.8	65.3	64.3	61.6	57.5	52.1
Total government debt (in US$ billion)	73.1	75.2	98.0	114.6	122.9	132.6	136.5	138.4	137.7	133.4
External government debt (in percent of GDP)	25.3	24.8	36.8	39.3	38.3	40.9	40.4	36.9	32.8	27.9
External government debt (in US$ billion)	59.3	58.1	66.1	67.5	73.7	83.0	85.7	82.9	78.5	71.4
		(In percent, unless otherwise indicated)
Monetary indicators
Growth in reserve money	12.6	-9.6	-12.6	7.1	1.3	3.6	4.0	5.8	5.8	5.9
Growth in broad money	15.9	3.6	-9.0	7.2	4.1	4.9	4.0	6.5	7.1	8.3
Policy interest rate (end of period)	6.0	6.0	6.0	4.0	…	…	…	…	…	…
		(In percent of GDP, unless otherwise indicated)
External sector
Current account	1.1	2.6	-6.5	-8.7	-6.3	-6.7	-4.1	-3.2	-2.1	-0.6
Trade balance	9.9	10.9	-0.1	-1.8	0.8	1.8	1.7	2.1	2.5	3.3
Exports of goods	38.3	39.6	31.4	29.1	32.4	32.0	30.7	29.6	28.5	27.8
Imports of goods	-28.4	-28.7	-31.5	-30.9	-31.7	-30.2	-29.0	-27.4	-26.0	-24.4
Overall external balance	-1.3	-10.0	-7.1	-3.6	-0.9	-2.7	-1.1	-0.6	0.2	0.8
Gross reserves (in US$ billion) 2/	77.8	66.7	53.7	45.2	41.4	40.8	39.7	37.1	36.0	36.5
In months of imports of goods and services	10.8	10.9	9.2	6.7	6.2	6.0	5.8	5.4	5.2	5.3
Exchange rate (dinar per US$; period average)	1,166	1,166	1,166	1,180	…	…	…	…	…	…
Real effective exchange rate (percent change, end of period) 3/	6.6	4.7	6.8	5.9	…	…	…	…	…	…
Sources: Iraqi authorities; and IMF staff estimates and projections.
1/ Includes Kurdistan Regional Governement (0.55 mbpd) only in projection.
2/ Starting 2014 includes US$ account balances from oil revenues.
3/ Positive means appreciation.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: RANDA ELNAGAR

PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG

[yota691]

August 01, 2017
Country: Iraq Title: Iraq - 2017 Article IV Consultation and Second Review Under the Stand-By Arrangement
Country: Morocco Title: Morocco-Second Review Under the Arrangement Under the Precautionary and Liquidity Line; Ex Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line Arrangement

[navira45]

strengthening the legal framework of the Central Bank of Iraq, restructuring state-owned banks, and eliminating an exchange restriction and a multi-currency practice. Yea bb

[Officiallytook]

On 7/30/2017 at 2:05 PM, Scott McD said:

 

LMFAO

[10 YEARS LATER]

1 minute ago, navira45 said:

strengthening the legal framework of the Central Bank of Iraq, restructuring state-owned banks, and eliminating an exchange restriction and a multi-currency practice. Yea bb

 

I hastily rubbed my eyes 👀 to look again - 

[boosterbglee]

There it is right there in black and white......."eliminating an exchange restriction and a multi-currency practice!"  we just don't know.....when!  Wow!

[NoviceInvestor]

7 minutes ago, boosterbglee said:

There it is right there in black and white......."eliminating an exchange restriction and a multi-currency practice!"  we just don't know.....when!  Wow!

The operative word of the day ... "when"...