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Aerospace

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Aerospace

Re: JACKPC2001 post# 24761

Thursday, 04/29/2010 2:23:12 PM

Thursday, April 29, 2010 2:23:12 PM

Post# of 29692
"To improve the functioning of foreign exchange auctions, we plan to develop organized exchange markets outside the central bank, including an interbank foreign exchange market," it said.
"Our aim is to establish a forward market in Iraqi dinars in the near future."

Why would they state the above? The FOREX is obviously a well established market. They are not going on the FOREX.
As they state they will DEVELOPE and ESTABLISH an organized market.
That is a "foward market". A market they establish to trade dinar.

Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

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