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Thread: Iraq Latest IMF Financial Arrangement

  1. #1
    Executive dbcooper's Avatar
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    Cool Iraq Latest IMF Financial Arrangement

    Iraq Latest IMF Financial Arrangement

    V. Latest Financial Arrangement

    DATE OF ARRANGEMENT
    Feb 24, 2010

    EXPIRATION DATE
    Feb 23, 2012

    AMOUNT APPROVED
    (SDR Million)
    2,376.80

    AMOUNT DRAWN
    (SDR Million)
    0.00

    http://www.imf.org/external/np/fin/t...key=2010-03-15


    Iraq: Projected Payments to the IMF
    as of February 28, 2010

    Scheduled Date of First Payment

    May 01, 2010

    Total SDR Amount Due: 84,743

    Total for the Year 2010: 84,743

    Payments continue to May 01, 2024


    http://www.imf.org/external/np/fin/t...repchg&overfor th=f&schedule=exp&extend

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    interesting, nothing is withdrawn, and jet they have payment to make, just guessing, interest only, how they will
    pay this payment, again guessing with our money, money they we spend buying IQD, and they can keep paying
    the payments as long, as we continue buying they worthless money (at the moment), I said, lets stop buying
    any more IQD, maybe than, they will need worldwide recognized currency .... just my thought

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    Executive dbcooper's Avatar
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    I believe those payments are for a prior "soft loan". It can't be interest because they have not taken any funds...just approved to receive them.FYI the CBI is not selling anymore Dinar...What is in circulation is already accounted for in the 80% of the total Dinars printed that are in circulation.
    IMO....the Dinars are basically trading hands.

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    IMF Financial Activities -- Update March 11, 2010

    Current Financial Arrangements (GRA)
    as of March 11, 2010
    (In millions of SDRs)1
    (For definitions see Attachment)

    Iraq 2/24/10-effective date 2/23/12-expiration date 2,377-approved 2,080-balance 297-outstanding 25-percent of quota

    http://www.imf.org/external/np/tre/a...1110.htm#tab2a

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    Thanks for the post.

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    thank db good post

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