vomer

Drawing on the United Nations? No corruption there (sarcasm).

http://www.al-mawqif.com/52147 Network Iraqi position The Trade Bank of Iraq "TBI", to transfer 50% of its profits for the year 2016, equivalent to 268 billion Iraqi dinars, to the public treasury of the state. The bank said in a statement seen by "the Iraqi situation," he was part of the focus of reforms and in support of the economy, according to the directives of Prime Minister Haider al-Abadi, has the Trade Bank of Iraq "TBI", to transfer 50% of its profits for the year 2016, equivalent to 268 billion Iraqi dinars to the public treasury state. He added that the bank achieved a net profit of 536 billion dinars Iraqi financial year ended 31/12/2016, up 265% from the percentage Mahakgah of net profit in the fiscal year ended 31/02/2015, which was $ 145 billion Iraqi dinars. The works of the Iraqi Trade Bank to promote banking services through localization of salaries and encouraging electronic payment in addition to the introduction of new products, including a certificate of deposit killed. It is worth mentioning that the Iraqi Trade Bank carried out the first compound in Iraq, a loan for the benefit of the Ministry of Electricity in cooperation with Standard Chartered and GE, is currently in collaboration with Doejeh Bank, managed to issue international documents for Iraq

Perhaps .. the purpose of the 150K notes is to make easier the purchasing of goods, since they are NOT going to RV. To avoid carrying a wheelbarrow of notes just to buy cigarettes. These turds do not want to RV.

They are coming out with a 100,000 dinar note?

But i thought the reserves is what would back the currency after an RV. I think they are using Daesh, Mosul, low oil prices, and whatever else as excuses to not RV.

I already know about the XE site. Why is it not on the Forex site? I'm looking for that yummy suspicious morsel of evidence.

Is it unusual for the IQD to be unavailable on the forex exchange site? Or maybe I just can't find it. https://www.ofx.com/en-us/s/forex-rates/?cid=2033&gclid=Cj0KEQiAxeTFBRCGmIq_7rGt_r8BEiQANdPqUv23_6u2uKcOwx_8PCHCD_UglbyEGP-V2vYpUuzFXhYaAn6-8P8HAQ&gclsrc=aw.ds&dclid=CMHvz6zeutICFROCaQodx1kHIg

1.2 dinars to the dollar means it will be a little less than $1.00 not $1.2 dollars.

Just wouldn't it be funny if the VND popped before the IQD.

Wow. Can't wait for a whole lot of nothing to happen.

^^^ nailed it.

I guess it will take some real threat to their monetary system to scare/force them into RVing. I wonder what that could be.

If they would RV i could get MY housing crises resolved .. as in getting my house paid off.

One dinar currently equals $0.00086. Delete 3 zeros and one dinar equals $0.86.;

I'm going to focus on this and ignore the 'delete the zeroes' template.

... did not intend to raise the value of the dollar.

Completion of the second commitment postponed till the coming days soon to the raise the toothpaste chunky mechanism.

C. Foreign Exchange Policy 23. The government is committed to maintaining the peg with the U.S. dollar. The peg provides a key nominal anchor in a highly uncertain environment with policy capacity weakened by the conflict with ISIS. In August 2016, the CBI increased the amount of daily foreign exchange sales (¶14), without significant impact on the spread so far. To address concerns that foreign exchange sales by the CBI would finance terrorism or money laundering of illegal activities, the CBI has been strengthening its procedures to allocate foreign exchange with the technical assistance of the U.S. Treasury and the Federal Reserve Board and the recourse to external auditors. The CBI has also requested the technical assistance of the IMF Monetary and Capital Markets Department to analyze the reasons why the exchange rate spread between the official rate of the CBI foreign exchange sales and the parallel market rate has increased since the end of 2015 and to make recommendations to reduce the spread. 24. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards IRAQ INTERNATIONAL MONETARY FUND 13 acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. As a first step, on October 16, 2016, the CBI made the weekly limits on the purchase of cash at the foreign currency auctions indicative, in the sense that any bank requiring additional cash for their clients’ legitimate travel expenses will be able to obtain the required amount above these limits on the basis of appropriate documentation. As a second step, the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 2), as recommended by a recent technical assistance mission of the IMF.

Creeping into the international realm.

Will our 25,000 notes still be good? Doesn't sound like it.

Just keepin' it real.

2023

" ... eliminating exchange restrictions."