E-Mail from Iraqi Bank about Rate
This was posted at IIF by an account holder with Warka Bank. The poster asked the Bank if the CBI will continue to raise the value of the Dinar. This was his return e-mail from Warka!
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Dear Mr. PEARSE1916
The Government and Central Bank will start a new direction for Iraq such that the people will benefit greatly as they deserve.
With all of the economic hardships that the citizens face daily, something must be done urgently to bring them a better standard of living. The Central Bank will continue to raise the exchange rate to combat inflation and increase the purchasing power of all Iraqis. With the new oil law stipend, budget, eid gift, small business loans… the exchange rate must be improved.
Iraqis have high hopes that the Government will recognize this and increase the exchange rate rapidly to help the citizens begin to rebuild their lives.
Best regards,
Manager
International Foreign Relations Dept.
Disclaimer: Do not buy or sell any stock or currency based upon this or any of my post. Please do your own D.D. and the best of luck to all!~
