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in cbi website still 1190 . I thought  they have remove from restrictions for currency  . Means they currency did using to traded but not officially in the country . I thought they got remove when rate starting 1990 . Now we need to wait til september 

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1 hour ago, normala rashid said:

in cbi website still 1190 . I thought  they have remove from restrictions for currency  . Means they currency did using to traded but not officially in the country . I thought they got remove when rate starting 1990 . Now we need to wait til september 

 

Why do you say we have to wait until September?

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The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from September 17 to 28, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August 1, 2017 (See Press Release No. 17/311).

At the end of the mission, Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC.”

 

 

 

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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 

 

The Executive Board today also concluded the 2017 Article IV Consultation with Iraq. 

 

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.”

 

 

 

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Do you see sometimes rate 1990 then 1994 then up 1998 . 

 

this the reason 

eliminating an texchange restriction and a multi-currency practice . 

 

imf said keep on the track 2017-2018 . Last review sba october . So when the RV ? September maybe .

 

between iraq and tortoise . Tortoise really fast then iraq goverment 

 

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13 hours ago, pokerplayer said:

 

Glad your back in true form 10YL. I look forward to your snappy posts !!

 

  pp

 

Morning PP ! All full of vinegar ( got loads of the other stuff too :lol:) Y’all  have a wonderful day ya now. Champagne 🍾 is chilling.  :tiphat:. . . :wave:

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