Iraq is about to Issue new Regulations for Organizing the Work of Exchange Offices

[Psycho4Bud]

It confirmed that on the short and long run the bank is seeking to create a developed banking system that does not depend on the state in any form, including securing hard currencies, as such a role can never be given to the central bank. The private bank could have done that under the supervision of the central bank, but the current conditions in the country and the need of the Iraqi economy to increase the value of the dinar have forced the bank to achieve balance in the market and increase the value of the dinar until the security and economic conditions stabilize and Iraq gradually turns to the free market system.

Looks like things are progressing nicely! :thumbsup:

Psycho4Bud Reviewed by Psycho4Bud on 11-19-2005. Iraq is about to Issue new Regulations for Organizing the Work of Exchange Offices It confirmed that on the short and long run the bank is seeking to create a developed banking system that does not depend on the state in any form, including securing hard currencies, as such a role can never be given to the central bank. The private bank could have done that under the supervision of the central bank, but the current conditions in the country and the need of the Iraqi economy to increase the value of the dinar have forced the bank to achieve balance in the market and increase Rating: 5

[eg420ne]

Yup one suicide bomber at a time