IMF extends loan to Iraq in February 2013

IMF extends loan to Iraq in February 2013

...Date: Monday 06/08/2012 8:56


 .  Baghdad / term
.". International Monetary Fund announced on his arrival in agreement with Iraq, extended through its loan seven months to February 23, 2013 to enable the Government to implement a set of procedures in the exchange rate regime in the country. A statement by the IMF that the changes to the agreement, which expired on 23 July has the request of the Iraqi government, adding that "the total available funding for Iraq amounts to about $ 1.96 billion."



... It is noted that the Executive Board of the IMF had agreed on February 24, 2010 a contract agreement Stand for two years worth of 38.2 billion SDR "around 58.3 billion dollars," also agreed to extend it for five months until July 2012, with amendment exchange based on the shift in funding needs .. .... The total resources currently available to Iraq under the agreement to the equivalent of 24.1307 million units of special drawing rights "around 96.1 billion dollars

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I'm still looking at SEPTEMBER - JANUARY

*sigh*

Why sigh...

Tired of being 'bent over', I guess-:shock:

Sebtopdog, good point!

I see SEPTEMBER!

I'm hoping you're right-This can't go on much longer, and all of us lose our sanity-

I already lost mine

Out of all the things I've ever lost in my life, I miss my mind the most!

Seb- We're glad we could make you laugh! I guess that's what we all need right now- It does take some of the tension off, I think-

This is actually GOOD news if you have been following the loans, repayments, and available funds to Iraq on IMF. They are not in the hole.

"to enable the Government to implement a set of procedures in the exchange rate regime in the country"

I think Shabibi said "Since CBI has already taken the burden of cost in printing the newer bliils and denoms - and "the government" suddenly wants a change - YOU PAY THE FEE"

Isn't that the whole point of the "change fee" anyway - to not have CBI lose money in supply the hard bills and coins?? CBI's money is NOT the governments money - its the peoples money.

JMO - but it does not worry me.