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Thursday, February 16, 2017

BGG TIDBIT, 16 FEB

BGG  Article:  "Rasheed Bank grants loans to citizens of up to 30 million dinars"  

Q: [...any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!]
 
BGG: 1st - why would they loan money in an economy "like this" - up to... 30,000 USD.

2nd - who would want to get rid of their USD??

Seems like a real shift in perception of the IQD value on the street is coming...or at least Rasheed is forecasting one.

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