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    Iraq the Iqd and the RV

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    Seck
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    Posts : 1044
    Join date : 2013-01-17
    Age : 56
    Location : NJ

    Iraq the Iqd and the RV

    Post  Seck on Mon 24 Jun 2013, 15:21

    Just wanted to pass this on. 1 first the IQD was never internationally traded. 2 It was decided by Iraq after the war not to let the iqd become a free float because they where thinking that the value of the currency would drop and wipe the currency out. 3 Iraq chose to go along with the IMF recommendation of a program rate and with the Coalition Provisional Authority   (CPA) 2003 to 2004 a exchange Old banknotes were exchanged for new at a one-to-one rate.
    4 The IMF as part of the rebuilding of Iraq is monitoring their finances and for this purpose uses a single rate (not a sell/buy) of 1170 dinars per dollar 5 IMF monitoring program and is not a rate imposed on Iraq by the IMF

      Current date/time is Sat 23 Sep 2017, 10:39