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Intel/Opinion from Mike
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Intel/Opinion from Mike
mike
Article: "Iraqi Central Bank sales of foreign currencies fell $7 million" Quote: "...the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversion."
I still think the spread is too high... The stock markets and other institutions are showing 1240+ to $1, they haven't gotten the market rate low enough yet.
We know from other articles that the spread is still 1240-$1 or more so I'm not thinking that the market rate has been lowered. ...
I recognize the anomaly and wonder what it's implications are, but...I think it's just poor bookkeeping on the CBI's part.
If the street rate had improved to around 1200-$1 the stock markets and other large financial institutions would report the same figures, but they're not.
I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated.
The Kurdish deal and legislation for the open market economy are all objectives that have yet to be solved.
06.08.2017
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Mike
Mike: Very astute. Spread the word!!
""""""I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated."""""""
""""""I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated."""""""
Scotchie- VIP Member
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Join date : 2017-04-15
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