by Vixen » Tue Jul 30, 2013 9:51 am
7-29-2013 *Kaperoni ~Article: "Iraqi bank capital increase will contribute to the development of the economy" Raising the capital is an important step. If these banks are going to function as banks, they need capital to loan for projects. State banks get capital from CBI bond sales. But private banks are suppose to get capital from depositors. ...lower denoms will never come out till the dinar value rises near the dollar. And if it's a float as we think, we wont need any lower denoms in banks for several months.