IRAQI DINAR INFORMATION

1-4-2016 *American Contractor ~The Central Bank of Iraq (CBI) published a report, which says something to the effect “Decides to re-evaluate these investment shares at the beginning of 2016.” I would like to draw attention to this because many have misinterpreted this statement. This is not the revaluation or the changing of the exchange rate in a positive nature. The CBI is requesting that all financial institutions in Iraq update and balance their bank books. The CBI sends this request each and every year about this time.