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Quote: “Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.”
MCP…..Multiple Currency Practice…The auctions are required because of the MCP…More than one currency on the street.
There is an agreement… again, announced by the IMF that Iraq will move forwards removing the MCP…dual currencies…leaving the IQD as the only currency.
They have no reason not to tell the worldIraq wants the world to recognize their efforts…everyday we see proof that it is getting done.

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