Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Iraq CBI DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq CBI

Go down

Iraq CBI Empty Iraq CBI

Post by Scotchie Tue Jul 04, 2017 7:43 am

""""""The Governor of the Central Bank on the Keywords, Monday, Iraq is out of danger after it was heading from the "gray zone" to "black", pointing out that Iraq now go to the "follow-up" area."""""

By the slimmest of margins Iraq was able to remain "gray".  This is not a good thing, but better than "black".  Iraq is in "follow-up", which means it must remain frugal and spend monies where monies are needed.  No frills for Iraq.

Iraq is being monitored by the IMF (who is still loaning billions), the World Bank and the United Nations.

There is no reason or explanation for Iraq to do anything with its currency for a very long time, unless they decide to delete the zeros for accounting purposes only.  This now also seems unlikely.

For those thinking Iraq can make the decision on its own to revalue, you have no idea the complexities involved, and it just cannot be done.  Period.

Scotchie
VIP Member
VIP Member

Posts : 1534
Join date : 2017-04-15

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum