Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 

 Sandyf - Multi Currency Practice has nothing to do w/ currency auctions

Go down 

Posts : 2865
Join date : 2015-04-20

PostSubject: Sandyf - Multi Currency Practice has nothing to do w/ currency auctions   Thu Oct 26, 2017 9:34 pm


 I have no doubt that most will have heard at some point the gurus refer to the MCP or Multi Currency Practice. ...

It has absolutely nothing to do with currency auctions or using USD in Iraq. The MCP that the IMF have listed as as an exchange restriction on Iraq is to do with the settlement of international invoices. 

Suppliers are submitting invoices to Iraq in their own currency and the Iraqi importers are paying the invoices at an exchange rate that deviates by more than 2% from the governments fixed exchange rate. 

The IMF have requested that Iraq put some mechanism in place to prevent this happening. Companies that are having to pay over the odds to obtain foreign currency are trying to pass the loss on to the suppliers. 

Although allowed under Art 14 this would be in breach of the requirements of IMF Article 8.



"If Kuiwat can revalue when they did so can Iraq now"  Another fundamental misconception. When Iraq invaded Kuwait they made the IQD the national currency of Kuwait. The KWD lost value because it was no longer a national currency and could not be exchanged. It was never devalued.  When the occupation came to an end the KWD was reinstated as the national currency of Kuwait at the same value as it was prior to the occupation, no revaluation.

Back to top Go down
View user profile

Posts : 34761
Join date : 2011-08-09

PostSubject: Re: Sandyf - Multi Currency Practice has nothing to do w/ currency auctions   Sat Oct 28, 2017 4:54 pm


Back to top Go down
View user profile
Sandyf - Multi Currency Practice has nothing to do w/ currency auctions
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Post new topic   Reply to topicJump to: