Kaperoni

  In Kaperoni 

Article: “The Central Bank feeds electronic payment cards at the official rate of the dollar” Quote: “The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank.” The CBI using Visa and Mastercard to issue dollars is a violation of the IMF’s liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it’s a catch 22… violate rules to curb corruption or continue with the corruption and meeting IMF conditions.

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