Paulette

[Response to Guru Deepwoodz]   Perhaps…However, Iraq has clearly stated that imports only require a maximum of 60 million/day…the citizens are being encouraged to hold and use IQD…where did the other 600 million+ go this week?  It certainly didn’t result in controlling the exchange rate as it still sits at 1530.  Somebody is clearly desperate enough to pay a premium for USD and is not willing to do it legally as they can purchase direct through the banks at 1320…many articles have stated that billions of dollars are syphoned out of Iraq and into other countries through the Currency Sales and that this “THEFT” has to end…Iraq has clearly stated that this excessive movement of USD is not a good thing…