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  • Wolverine's Avatar
    Yesterday, 08:21 PM
    6655 replies | 378349 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:14 PM
    Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company (SOC), for its Iraq Crude Oil Export Expansion Project (ICOEEP). The new two-year extension reflects Petrofac’s continued delivery focus and five-year track record as the incumbent operations and maintenance service provider. The facility, which is responsible for a significant proportion of Iraq’s oil export, is located 60 kilometres (km) offshore the Al Fao Peninsula in Southern Iraq. It comprises a central metering and manifold platform and four Single Point Moorings (SPMs) which facilitate oil export onto awaiting crude carrier tankers. In addition, Petrofac is responsible for almost 300 km of subsea pipelines,1800 metres of subsea hose infrastructure and a marine spread comprising 14 vessels. Mani Rajapathy, Managing Director, Engineering & Production Services East, said: “We are delighted to continue with our role in support of this key crude export facility. Since the start of our involvement in 2012, we have exported more than 2.2 billion barrels of oil while retaining an impeccable safety record. We have also remained focused on adding value for our client through the deployment of innovative and differentiated solutions.” Ihsan Ismaael, Director General, Basra Oil Company, said: “Petrofac is a key partner for BOC. The team has supported us over the last five years to significantly increase export from the ICOEEP facility and we look forward to continuing our relationship into 2019.” (Source: Petrofac) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 27 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:14 PM
    By Padraig O’Hannelly. HRH The Prince of Wales has paid tribute to the work of the*AMAR International Charitable Foundation on the occasion of its 25th anniversary. Addressing the celebration in London’s Lancaster House on Wednesday, Prince Charles said: “Today is an opportunity to honour the work of the remarkable AMAR teams … whose professionalism has delivered extraordinary outcomes in health and education for so many people over these twenty-five years. “Each and every one of them, whether they work in Iraq or in another part of the Middle East, or in London or Washington, should feel deeply proud of all that AMAR has achieved. So too, should the many businesses and commercial entities – and in particular the Iraq Britain Business Council – whose magnificent support over the years has made all of this work possible. “If I may, I would also like to pay a special tribute to Baroness Nicholson whose indefatigable leadership and extraordinary professionalism has been so crucially important to this endeavour for so many years.“ He continued: “AMAR has given us all reason to have faith in humanity. It has saved countless lives, created hope from despair and achieved nothing short of miracles.” AMAR thanked the Prince for his wonderful support of the organisation since its founding, and in particular as its Patron for the past thirteen years. Please help ensure Iraq’s children have the childhoods they deserve — support AMAR’s work today: https://appeal.amarfoundation.org/ (Sources: AMAR International Charitable Foundation, Clarence House) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 29 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 03:14 PM
    By John Lee. Iraq’s Ministry of Oil has announced that it will start rehabilitation of the Salahuddin refineries 1 and 2 in Baiji district. Through its North Refineries Company (NOC), it has called on local and international companies to supply the equipment outlined below: (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:11 PM
    A top Kurdistan Regional Government delegation, headed by Prime Minister Nechirvan Barzani held an extensive meeting with the Kurdistan Parliament Deputy Speaker Jaafar Ebrahim Eminky and heads of Parliamentary Committees of Natural Resources, Industry, Energy, Financial and Legal Affairs. The KRG delegation included Deputy Prime Minister Qubad Talabani and a number of senior officials. In the meeting both sides discussed a number of pressing issues related to the current situation in the Kurdistan Region. They shed light on budget options for the 2018 fiscal year, relations with Baghdad, Kurdistan oil production, mechanisms to pay back debts, fighting corruption, transparency, reforms and efforts to protect the constitutional rights of the Kurdistan Region. The KRG and Parliament officials stressed on the importance of continued cooperation and coordination between the Kurdistan Government and Parliament and agreed that priority should be given to securing the salaries of the public sector employees, conducting reforms and auditing in the payroll systems of the Region. Both sides also agreed that relevant Kurdistan Parliament committees visit their federal counterparts in Baghdad to lobby against passing the draft 2018 federal budget bill that significantly reduced Kurdistan Region’s share of the federal budget. (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 31 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:11 PM
    This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. Anbar’s western desert is a hiding place for the Islamic State group, locals say. And they fear the extremists will be back as soon as an opportunity presents itself. Last week the Iraqi government declared victory over the extremist group known as the Islamic State. But, according to locals and military personnel living in the Anbar province, that declaration was premature. “I have seen no genuine indications that this province is rid of the Islamic State group,” says Ayad al-Nimrawi, a 43-year-old who runs a restaurant in the Kilo area, about 160 kilometres along the road between Baghdad and the Syrian-Jordanian border. “I still see commercial trucks accompanied by security details when they come along here. Even the security forces cannot travel down here alone, they require extra protection.” “I will only feel that we have won the final victory when I see life returning to this road as it was before the Islamic State came. We used to travel here at night without any fear of armed groups but today this international road is almost completely closed. As soon as dusk falls, this road is a death trap.” The victory celebrations were not about the complete eradication of the IS group, rather they were meant to be a signal about the end of military operations, suggests Tariq*Yusef*al-Asal, a police chief and one of the leaders of Anbar’s tribal militias fighting the Islamic State. “We have the right to be proud of the victories achieved by our security forces in the fighting that’s gone on over three years,” he told NIQASH. “We have sovereignty over our land again.” However, he adds, “it would be stupid to say that Iraq is now completely clean of extremist groups like the Islamic State. There are still sleeper cells and incubators inside and outside our cities.” “No country – not even European nations – can claim they are completely clean of Islamic State members,” he continued. “Those sleeper cells will keep the organisation alive and sustain it. These groups make good use of any security vacuum in any country to try and achieve their aims.” Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Brazileiro's Avatar
    Yesterday, 12:58 PM
    hopefully,,,someone is working today as the site didn't work at 5am iraq time but did at 11am,,, now if they will start providing the services the CBI approved for them... would make for a very merry christmas :)
    33 replies | 8299 view(s)
  • James's Avatar
    Yesterday, 09:34 AM
    James replied to a thread Warka online access in Warka Bank News
    I exceeded my pin limit, now waiting on them to rest it again. Hopefully soon....
    33 replies | 8299 view(s)
  • Brazileiro's Avatar
    Yesterday, 08:36 AM
    Online access site is working again and so is my new password...
    33 replies | 8299 view(s)
  • dollarsign's Avatar
    12-13-2017, 06:06 PM
    https://cbi.iq/news/view/528 His Excellency the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, preside a financial and banking delegation to the Kingdom of Saudi Arabia upon the invitation of the Saudi Arabian Monetary Authority.The delegation will discuss the prospects of cooperation between the two countries, especially regarding the development of banking relations between Riyadh and Baghdad and the creation of investment opportunities between the two countries. the pace quickens $
    39 replies | 2568 view(s)
  • Investors Iraq News's Avatar
    12-13-2017, 09:18 AM
    By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Reforming and Transforming SOMOThis analysis was presented via Skype Conference to the management and staff of Iraq’s State Oil Marketing Organization (SOMO) on 12th December 2017: Please click here to download the presentation. Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 47 view(s)
  • Investors Iraq News's Avatar
    12-13-2017, 09:18 AM
    By John Lee. Private investors from Iraq and Turkey have reportedly held preliminary negotiations with Iran to expand and modernize its fuel stations. According to a report from Petrol Plaza, there are 3,600 fuel stations and 2,400 compressed natural gas (CNG) stations in Iran which need renovation and investment. To date, more than 250 state-controlled fuel stations have been privatized in the country. (Source: Petrol Plaza) (Picture credit: Asadi S) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 43 view(s)
  • Investors Iraq News's Avatar
    12-13-2017, 09:18 AM
    By John Lee. Iraq has been ranked 168th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, down from 165th place the previous year. Despite the fall in the rankings, the report notes that over the previous year Iraq simplified the process of starting a business by combining multiple registration procedures and reducing the time to register a company, and it launched a new credit registry, improving access to credit information. Top of the list were New Zealand,*Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 124th, with Libya 185th. Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking. (Source: World Bank) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 47 view(s)
  • Investors Iraq News's Avatar
    12-13-2017, 09:18 AM
    The Federal Foreign Office of Germany has generously donated EUR 30 million (USD 34.8 million) to the Iraq Humanitarian Fund (IHF), a pooled fund led by the Humanitarian Coordinator and managed by OCHA. “We are deeply grateful to the German Government and the German people for this very generous contribution,” said the Humanitarian Coordinator for Iraq, Ms. Lise Grande (pictured). The German Government has already channelled USD 10.9 million to the IHF, bringing Germany’s total contribution for the year to the pooled fund to USD 45.7 million. “The pooled fund is the backbone of the humanitarian operation in Iraq,” said Ms. Grande. “More than 125 projects targeting 4.2 million Iraqis in nine governorates have received funding through the IHF in 2017 alone.” “The military campaign against ISIL is over, but the humanitarian crisis is not,” said Ms. Grande. “More than 3.3 million Iraqis are displaced–hundreds of thousands are living in camps and improvised shelters. They need help.” The IHF has provided more than USD 70 million to front-line partners in support the Mosul humanitarian operation. In October 2017, USD 14 million was allocated for the Hawiga operation. “Millions of Iraqis have suffered terribly,” said Ms. Grande. “Our top priority now is to help ensure that people who need help receive it. In the months ahead we will be working closely with the Government so that people are able to return to their homes safely, voluntarily and in dignity.’ (Source: OCHA) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    12-13-2017, 06:52 AM
    KRG Prime Minister Nechirvan Barzani inaugurated the new building of Kurdistan Institute of Public Administration (KIPA) on Tuesday. In a speech, Prime Minister Barzani stated, he hopes that KIPA “will continue to work diligently to provide the much needed services of building the capacities of Kurdistan Regional Government’s civil servants.” Below is the transcript of Mr. Barzani’s speech: Ladies and Gentlemen, Good Morning.* I would like to welcome you all to this ceremony of inaugurating the new building of Kurdistan Institute of Public Administration (KIPA). I would like to specially welcome the Republic of Korea’s Ambassador to Iraq Mr. Song Wong-Yeob, Korean Consul General in the Kurdistan Region and the Head of Korea International Cooperation Agency (KOICA) in Baghdad. I especially welcome Professor Park who came from Seoul specifically to this occasion and I welcome you all again. Today, human resources’ development is important for change and progress in all sectors and major fields, especially in the fields of governance and administration. Capacity building and Development is key to the development of Administrative, economic, social and cultural sectors. Competency and capacity are very important for human resources. One of the main pillars of human resources’ development is training. That is equipping the staff member with up-to-date information and more knowledge about their field of work. Information and knowledge get updated continuously. In order to enable the KRG institutions and their staff to cope with the progress in all fields, especially good governance, the KRG should make training and capacity building part of its human resources development strategy. Therefore, all technical, material and moral necessities should be made available for this purpose and all parties and individuals should be urged to adhere to implement the directives and instructions related to capacity building and training. And this is, again, for the purpose of developing the civil service in administrative, technical and theoretical areas based on modern principles. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 63 view(s)
  • 40plus's Avatar
    12-13-2017, 04:56 AM
    Good one! Very easy to ponder.
    6655 replies | 378349 view(s)
  • 40plus's Avatar
    12-13-2017, 04:42 AM
    Perhaps time was needed for not-so-secret combinations to position the 9 trillion USD "lost" from the FED...possibly first buried in those foreign currency reserves sent to all the Central Banks by Bush and then fast forwarded..like, on steroids to friendly players by O-bla-bla? Now that it's all been laundered into clean, crisp new dinar, the swamp rats can bring this latest and probably largest ever single heist to a conclusion and make Earth-changing, astronomical profits. 9 Trillion USD buys ?X? dinar...multiplied by an RV (not lop) and the big boys can finally let the Dollar, the USA and 90% of her people crash and burn. While the carnage ensues, they will be free and clear of it, sitting poolside in some Dubai high-rise owning the world's most stable new currency (ALL of it) from money they stole from us 'fair & square' because we didn't stop them. As the dust settles, they can come back to clean up the mess in America (costing chump change), convert the survivors into obedient (read unarmed) slaves or soilant green and start the whole game over again. ....I think it's time for my medication..ahhhhhh, nice..zzzzzzz
    39 replies | 2568 view(s)
  • dollarsign's Avatar
    12-12-2017, 06:44 PM
    you must really be lonely Bob...I can see why. :) ​$
    39 replies | 2568 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    By John Lee. The state-owned Korea Gas Corporation (KOGAS) has said that it has recouped its $2.49 billion investment in the Zubair oil field in southern Iraq. According to a report from Yonhap, the company has recovered $2.53 million as of December, which exceeds its initial outlay. The oilfield is currently producing around 360,000 barrels of crude oil per day. The project primarily involves the drilling of more than 200 wells, the construction of treatment and storage facilities and refurbishment of the existing facilities. (Source: Yonhap) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    By John Lee. Oil Minister Jabar Ali al-Luaibi has hosted a meeting in Baghdad with the French Minister of State for Foreign Trade, Jean-Baptiste Lemoyne, confirming the significance of the economic and financial relations between the two countries. Both sides expressed hopes for major cooperation in all sectors, including oil, industrial, agricultural, commercial, transportation, and housing. Mr. Lemoyne said that he saw a keenness from the Iraqi side to encourage and invite the French companies to invest in Iraq. (Source: Office of the Iraqi Prime Minister) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    By John Lee. The Institute for the Study of War has issued a new report — Iraqi Security Forces and Popular Mobilization Forces: Orders of Battle — in which it claimes that the liberation Daesh’s urban holdings in Iraq was necessary but not sufficient to secure America’s vital national interests. It says ISIS has lost neither the will nor the capability to fight, even as it withdraws into desert hideouts and sleeper cell formations in November 2017. Rather, dispersed ISIS militants have begun an insurgent campaign in northern and western Iraq as some of its foreign fighters have returned to their home countries to serve in ISIS’s external operations network. The report includes considerable detail on the various players and agencies involved in security in Iraq. Click here to download the full report. (Source: Institute for the Study of War) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 48 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    By John Lee. The United Nations has advertised new positions in Iraq: Special Assistant, Political Affairs, United Nations Assistance Mission for Iraq (UNAMI) Risk Manager, Terre des hommes Evaluation Methodologist, International Business & Technical Consultants, Inc. (IBTCI) Public Administration and Good Governance Specialist, International Business & Technical Consultants, Inc. (IBTCI) Logistics Coordinator, Triangle Génération Humanitaire (TGH) Psychotherapist-Trainer, International Medical Corps MHPSS Trainer (Psychiatrist), International Medical Corps (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 101 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Capacity Building Project Manager, Triangle Génération Humanitaire (TGH) Project Manager Communication with Communities, Agency for Technical Cooperation and Development (ACTED) Project Development Intern, Agency for Technical Cooperation and Development (ACTED) Country Transparency and Compliance Officer, Agency for Technical Cooperation and Development (ACTED) Shelter and NFI Cluster Coordinator , Agency for Technical Cooperation and Development (ACTED) Appraisal Monitoring and Evaluation ( AME) intern, Agency for Technical Cooperation and Development (ACTED) Finance Intern, Agency for Technical Cooperation and Development (ACTED) Country Finance Officer, Agency for Technical Cooperation and Development (ACTED) Human Resources Coordinator, Terre des hommes Reporting Officer, Terre des hommes Coordinateur Logistique, Terre des hommes Deputy Country Representative, Terre des hommes Monitoring, Evaluation, Accountability and Learning Manager, Terre des hommes MEL Manager – Humanitarian Portfolio, Mercy Corps MEL Manager – Youth And Conflict, Mercy Corps Data Management Associate, United Nations Assistance Mission for Iraq (UNAMI) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 101 view(s)
  • Investors Iraq News's Avatar
    12-12-2017, 04:25 PM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria over the last three days, conducting 14 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. Strikes in Syria On Dec. 8 in Syria, coalition military forces conducted two strikes consisting of three engagements against ISIS targets near Abu Kamal. The strikes engaged an ISIS tactical unit and destroyed a tactical vehicle and a fighting position. On Dec. 9 in Syria, coalition military forces conducted three strikes consisting of five engagements against ISIS targets: Near Abu Kamal, two strikes engaged two ISIS tactical units and destroyed an ISIS vehicle and an ISIS line of communication. Near Shadaddi, a strike engaged an ISIS mortar team. On Dec. 10 in Syria, coalition military forces conducted eight strikes consisting of 13 engagements against ISIS targets near Abu Kamal. The strikes engaged eight ISIS tactical units and destroyed two fighting positions, a mortar system, a tactical vehicle and an ISIS headquarters. Strike in Iraq On Dec. 9 in Iraq, coalition military forces conducted a strike consisting of six engagements against ISIS targets near Tuz. The strike engaged an ISIS tactical unit and destroyed an ISIS truck. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • English Bob's Avatar
    12-12-2017, 02:22 PM
    Wrong again it's a collection of person's and countries Not the IMF per say! http://www.imf.org/en/About/Factsheets/Sheets/2016/07/27/15/24/How-the-IMF-Makes-Decisions https://www.imf.org/external/np/sec/memdir/eds.aspx https://www.imf.org/external/np/sec/memdir/members.aspx EB
    39 replies | 2568 view(s)
  • English Bob's Avatar
    12-12-2017, 02:19 PM
    Not slow to catch, They are just measuring the value of the Iraq Dinar against the the currencies as specified, nothing new. So no Here we go!! EB
    39 replies | 2568 view(s)
  • dollarsign's Avatar
    12-12-2017, 02:09 PM
    That's the point. Banks that access SDRs from the IMF can't unilaterally decide to change the rate in a major way without IMF approval, or they lose access to that facility. Unlike you, I did look it up. The French had to learn that back in the day, and long ago I posted the exact batch of press releases that went out in 1947, when about 16 countries made major changes to the value of their currencies over a 4 day span.(also a post war period, I know you're to slow to catch that) Each one states clearly "The Central Bank requests, and THE FUND CONCURS". Without IMF buy in, it didn't happen. France at another time unilaterally made such a change, and lost access to the SDR facility for a period of time. Good try, but you should know by now, I do my research... The press releases are in my initial thread, look it up. ​$ Most any banks that access
    39 replies | 2568 view(s)
  • Wolverine's Avatar
    12-12-2017, 12:59 PM
    Iraq boosts output capacity at Kirkuk oil refinery 12/11/2017 BAGHDAD (Reuters) — Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant’s capacity to 56,000 bpd, the ministry said in a statement on Monday. The new production unit can process 13,000 bpd of crude, the statement said, citing Oil Minister Jabar al-Luaibi. The new upgraded production capacity will meet most of the domestic need of the northern oil city of Kirkuk and nearby provinces and "save hard currency as a result of cutting fuel imports," it said. Iraq is working to divert most future output from Kirkuk oilfield to local refineries due to an ongoing conflict with Kurdish regional authorities over the use of an export pipeline to Turkey. Production from Kirkuk stopped in mid-October after Iraqi forces dislodged Kurdish fighters and took over the northern region’s oilfields. Reporting by Ahmed Rasheed; editing by Jason Neely
    0 replies | 53 view(s)
  • English Bob's Avatar
    12-12-2017, 12:29 PM
    Looks to be mirroring the SDR. Most CB's have SDR.............look it up! http://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR The respective weights of the US dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling are 41.73 percent, 30.93 percent, 10.92 percent, 8.33 percent, and 8.09 percent. These weights were used to determine the amounts of each of the five currencies included in the new SDR valuation basket that took effect on October 1, 2016. These currency amounts will remain fixed over the five-year SDR valuation period (see daily SDR valuation). Since currency amounts are fixed, the relative weight of currencies in the SDR basket can change during a valuation period, with weights rising (falling) for the currencies that appreciate (depreciate) relative to other currencies over time. The next review is currently scheduled to take place by September 30, 2021, unless an earlier review is warranted by developments in the interim. Sorry to be a killjoy! They are just using a basket of currencies to measure the value instead of one currency. EB
    39 replies | 2568 view(s)
  • English Bob's Avatar
    12-12-2017, 12:04 PM
    HB May take a little longer than I thought, Save any $ you can (don't need) the day will come. EB
    51 replies | 11815 view(s)
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