"THE IQD MUST BE OUT OF THE OFAC US TREASURY LIST" BY MNT GOAT, 10 MARCH

 MNT GOAT

....I hear so much needless worry about Iraq’s WTO accession. Relax folks, calm down as it is going to happen.  Even today in the news Iraq once again gives us this assurance. Does Iraq need to RV for the WTO. There is nothing in writing anywhere stating this is the case. 

However, a country does need a currency that can be globally traded and we now know that the Iraq IQD is still under OFAC US Treasury sanctions. This is why when the banks look at their screens when researching the IQD rates, they see it, but won’t touch it yet due to the sanctions. We must be patient as these sanctions too will be released soon...