Delta

The UN Security Council (UNSC) released all remaining sanctions of the last 16 years.  This means the rate can go back to over $3.00.  In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism.  The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$.   This is HUGE!  Iraq will have their currency in a 2% compliant rate for 90 days on June 15 as required by the IMF.  The Iraq currency needs to see re-instatment shortly. The revaluation is separate from the Iraq Elections.  Alak, the CBI governor has said, “Lift restrictions on exchange rate 1st half of 2018.”  CBI will pull the trigger either the last week of June or last 10 days of June.

Walkingstick
IQDCalls