Article: “Partial halt in the movement of the Iraqi market due to the high currency exchange rates”
THEY DON’T WANT TO BE FORCED TO EXCHANGE AT THE THE OLD VALUE RATE BECAUSE THEY WILL TAKE THE HIT! OUCH!
POSSIBLY THEY CONTINUE TO TRADE IN COUNTRY FOR NOW NORMALLY BUT THE PARTIAL HALT MAY BE COMING FROM THE INTERNATIONAL SIDE OF BUSINESS.
WHY?
BECAUSE THEREIN LIES THE RUB! AHH JUST A SMALL DETAIL, AN EXCHANGE RATE PROBLEM BASED ON VALUE!
UNTIL THEY IMPLEMENT A RATE CHANGE IT WOULD BE FINANCIAL SUICIDE TO MAKE THE EXCHANGE! SO WE WAIT FOR THAT IMPLEMENTATION DAY VERY SOON!
