This a very interesting article coming from the United States State Department talking about Iraq. If you notice we are in 2006 and they sure mention CPA laws all over this article. I thought the CPA Laws were no longer in effect??!!
I sure like that sentence “are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes.”
The Iraqi Dinar currency is worthless outside of the country of Iraq. Your right it is convertible but only inside Iraq and that’s all. And what is the currency of choice for all those Iraqi private and state banks, do I need to say it again.
From the DOS Web site:
The exchange rate is generally determined on the basis of supply and demand conditions in the foreign exchange market. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes.
You still think we are close to an rv?