IQD Is Now Internationally Accepted?

[Luigi1]

from other sources...

 

 

6-6-2015   Newshound Guru Millionday  Article quote:   "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate."   [If Iraq is paying foreign bills in Dinar, doesn't that make their currency tradable, convertible, international?]   IF THAT IS THE CASE ACCORDING TO GLOBAL ECONOMICS I AM FAMILIAR WITH...IT WOULD MAKE THEM INTERNATIONALLY ACCEPTED -- FINALLY.

6-6-2015   Newshound Guru wmawhite   Article quote:  "The central bank issued a circular to all banks dealing with foreign remittances only in Iraqi dinars to keep hard currency and to support the Iraqi dinar exchange rate."  These are foreign remittances...these are bills from foreign customers...IMO. Presently those bills are paid with USD. The way this article reads these are not local citizens, but foreign customers. This is significant IMO because the banks are being told to pay their foreign bills with IQD...not with the USD.  Could be very good news.

 

 

 

Luigi says....This don't mean the RV has occured.

A nation's currency can still be internationally accepted even at the lower rate.

This is positive news that can speed along the RV process.

Lest we forget the SK Won USD exchange rate is 1100 to 1 USD.

Stay alert...Go RV.

 

[sandfly]

THANKS