PDA

View Full Version : CBI stops working in currency auction system



Investors Iraq News
02-26-2015, 01:14 PM
CBI stops working in currency auction system

The Central Bank of Iraq decided to stop working in the currency auction system and begin remittance system.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2015/02/26/29298/cbi-stops-working-in-currency-auction-system-.aspx)

Post your commentary below.

ChinaGirl
02-26-2015, 01:28 PM
So, once the dust settles, here we have it - just changed the format. More stringent guidelines for banks to receive foreign currency, not like the hold Ukraine used with strict limits afterward. it was hard to decipher the Arablish news stories, I don't think this is the big break we were looking for - a few weeks in will tell the story.