URGENT: WB Urges Iraq To Raise The Exchange Rate to 1660.

[Luigi1]

URGENT: Luigi found these news articles of Dinarian interests...

Can another IQD devaluation be in the works?

WB says so if Iraq wants it's help to solve it's financial troubles.

These news articles are in the rumor section because of the Guru source.

WB may be helping CBI to get the note count down from off the streets.

Treat as rumor. Varafied from 2 news sources. Your opine.

 

 

 

URGENT: Bond Lady's Corner:

Iraq News: Al Araji: The World Bank asked Iraq to raise the the Dinar exchange rate to 1660.

PRATHA News Agency: Al Araji has revealed that the World Bank had asked Iraq to change the USD-IQD echange rate to 1660 for it's help in solving the financial crisis.

 

 

[md11fr8dawg]

Hell, Quit screwing around and make the rate like Iran's, say 22,000 dinar/USD. Make it worthless. That should get the dinar out of those mattresses!!!

[NWGUY]

Huuuuhhhh????  I know this is the rumors section, but Iraq has held the rate at 1190 to the dollar for all the 11 yrs I have been here, and they just lowered or raised it to 1450, however you want to look at it.  I can't believe that someone could come in and get them to change the rate again in less than a couple weeks????  Nope....ain't going to happen.   They may RV or RI, but they are not going to devalue their currency anymore.  Big Bluff!!   

[Linda Bower]

I read this article.  It said that the World Bank recommended a rate of 1660 against the US dollar, the IMF proposed 1300

and Iraq decided on changing the rate to 1450.  So this does not mean they are changing this rate again.