2-5-2015 *American Contractor

[Vixen]

2-5-2015 *American Contractor ~The World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government. In Iraq, they are already exporting Oil and Gas to world markets at the going market rate. The 2015 Iraq Federal Budget will have a problem going forward. The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal. The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value. The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy. The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value.