Kaperoni "Great News if True" 6/14/17

by roxy22222222 Wed Jun 14, 2017 11:01 pm

Article: "The central bank prepares banks and transfer 25 million per month" Sounds to me like they are at a point where the banking system is doing a good job monitoring transactions so they are preparing to liberalize access to foreign currency more...great news if true.

by **Scotchie** Wed Jun 14, 2017 11:09 pm

25 million of what? Dollars or dinar? Big difference!

Note the foreign reserves of Iraq has come down from 80 billion dollars to about 40 billion dollars.

If Iraq did not need monies, they would not be borrowing billions from the IMF/World bank.