1 million dinar is " forbidden " ???

[rockfl9]

This rule says that no one is allowed to carry more than 1 million in or out of the country PERIOD.  If You read the CBI law it states that  the IQD is to be used ONLY in Iraq.  It also says that the cbi will convert IQD to another currency ONLY when it chooses to and may limit the amount of conversion. 

IMO   They will have to remove these restrictions BEFORE the FOREX will trade IQD. There would be no legitimate market for the currency. It would be worthless in international commerce.

 

[Laid Back]

They are doing that to limit the effect of inflows and outflows of capital on the money supply.

 

Go RV in the Lopster Tank.

 

[rockfl9]

Of course LB.  They don't want a non-Iraqi to bring in a suitcase of dinar and leave with dollars .  Which poses the question of will they ever want that dinar back??