« The Meeting in London | Main | Simply Amazing!! »

Another Country with Currency Restrictions

As everyone is watching Iraq, another country has placed restrictions on foreign currencies. The Iraqi dinar has less restriction it can be converted to any currency meaning fully convertible however, with one caveat it can only be done inside Iraq.

Sudan has a problem with capital flight with the people creating other avenues to remove the foreign currency away from the visibility of the banking sector. The Central Bank of Sudan is cracking down. I am sure Dr. Shabibi of the CBI is taking note.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)