Sunday, August 4, 2024

RV UPDATE BY CLARE, 4 AUGUST

 Clare  

 Article: "Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?"  

Quote:  "Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations...1. Kuwaiti Dinar: equivalent to 3.27 dollars...2. Bahraini Dinar: 2.65 dollars...The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community...  3. Omani Rial: 2.60 dollars.  4. Jordanian Dinar:  1.41 dollars.  5. British Pound: 1.26 dollars.  6. Gibraltar Pound: e1.26 dollars.  7. Cayman Islands Dollar: $1.20.  8. Swiss Franc: 1.14 dollars.  9. Euro: 1.08 dollars.  10. US Dollar: $1.00."

Article: "US Treasury Takes Control of Iraq's Central Bank to Combat Money Laundering"  

Quote:  "The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq's commitment to international standards for combating money laundering and terrorist financing..

.One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions."

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