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Updates concerning the RV/GCR
04/26/2022 According to the CBI
According to the CBI contact speaking directly to Nick, the WTO is hot after the Central Bank of Iraq to finally sign off for the ISO 20022 certification to be implemented. Iraq and several other countries are lagging behind. Venezuela and Iraq specifically are laggards (C***L)… They have to acknowledge compliance and acceptance, to get started right away. If the countries are still lagging behind by the end of the month, then starting May 1st the revaluation commences with or without them. Contractors in Iraq are presently being paid at the revalued rate of 1:1 (one Iraq dinar to one US dollar). How long will they allow this to continue?
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