This is curious that the Central Bank of Iraq has not updated the currency as of yet. It is typical for me to see their update when I first get up in the morning. Someone thought they were closed yesterday, however this should have been updated for the 15th since they are 8 hours or so ahead of my EST.
http://www.cbi.iq/
CurrencyCodeSellBuyUS dollarUSD1170.0001168.000
Indicative rates - 13.12.2010
It's dependant on how long we own the foreign currency. One year or less is short term, over one year is long term capital gain at 15%. Is this correct? Tori