I found this tid-bit on the Warka website.....Sounds like good news to me... http://www.warka-bank.com/inner.php?type=3&id=74 Dear Warka Clients, Please note that we have just been informed that Iraqi Customs will no longer permit courier companies to receive and deliver packages containing funds of any currency and strictly prohibits this matter locally. The client will bear the full responsibility and risk of sending funds by mail where the bank will not bear any financial or legal responsibility for the funds sent by mail. Best regards, Warka Bank for Investment and Finance
Their holding dinar for oil REVENUES not for the product...they want an RV of the dinar as much as we do, but they will "hold off" exchanging them until the value is increased...IMO
This link: http://www.english.globalarabnetwork.com/201003015013/Economics/imf-iraq-economy-achieves-substantial-progress.html Has a currency exchange calculator that claims 1usd = 1 Iqd as of 12:20 Texas time...
of course there not going to make 1 to 1,000......its gonna be 2.00 or higher!! besides, I doubt they would announce that a major change was forthcoming...
Hello fellow investors...here is a stor posted on niqash.org Mull it over, chew the fat, and round the edges please... unity on economy the key niqash | Mayada Daood | wed 03 mar 10 Despite the many differences among competing political parties, blocs, movements and entities in the forthcoming elections over Iraq
Every U.S. citizen with a job pays federal income tax...including physicians, nurses, and other providers.. We can fix the healthcare problem in America by providing the doctors/nurses ect. with FAIR MARKET income tax breaks in exchange for care provided to people that cannot afford health insurance. Nobody loses a penny, but power shifts from Govt. to Citizens (thats the only reason why it will never work)