by Vixen » Sun May 17, 2015 11:13 am
5-17-2015 *Kaperoni ~Article: "Rafidain Bank launches MasterCard service for the disbursement of pensions out of the country" This proves that they do not need to be in Article VIII for international convertibility. The dinar is convertible now. The issue is that the CBI is not IMF Article VIII compliant so any bank or merchant who chooses to do business with them, takes on the potential risk. Clearly the CBI has made an agreement with the card merchant, banks to ensure these transactions are processed.