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Iraq Dinar & Dong Vietnam Update, 2 June

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Iraq Dinar & Dong Vietnam Update, 2 June

Post  Rosy on Sat Jun 02, 2018 6:02 pm

We’re getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don’t expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they’ll happen at the same time as the transition to Article VIII.
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The Central Bank announces that all banks will be required to replace the damaged currency and threaten the violators The Central Bank of Iraq, on Thursday, the need to commit all banks to replace the damaged currency without commissions. The bank said in a statement received by Mawazine News that “the banks approved all compliance obligation issued by the Department of Issuance and Safes in 2017, which includes replacing the damaged currency without the payment of commissions in return for that.” He added that “non-compliance will be borne by the bank violating all the legal consequences in accordance with Article 63 of the Central Bank Law No. 56 of 2004 amending.” He called on the banks to “provide him with the disclosure of the damaged amounts replaced by them and received from the public until 31 May,” stressing that the answer “must be received within 3 days of the date of writing.”
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Re: Iraq Dinar & Dong Vietnam Update, 2 June

Post  Mission1st on Sun Jun 03, 2018 2:29 pm

its amazing how little people understand arabs. they do not care about deadlines, or progress. they also dont care the way the people in their country live. having been in much of the middle east, i can assure you that any encroaching deadline is meaningless
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