Thread: CBI Banking Law

http://www.cbiraq.org/Binder.pdf

page 28, article 32......is that basically tell us what we see on the the daily xhcange rates?

Originally Posted by rvalreadydang

http://www.cbiraq.org/Binder.pdf

page 28, article 32......is that basically tell us what we see on the the daily xhcange rates?

I read it as they (the CBI) may set the currency rate to whatever they want and to peg it to whatever currency. I would imagine that there are some other checks and balances contained within the law that establishes guidelines and/or criteria. Either way, it makes for a nice read. Good Job!