Economy (cont.)

Iraq Securities Exchanges:

• At the New Iraqi Dinar (NID) auction on September 27, the settlement price was 1,465 dinars per dollar. This is the first NID exchange rate fluctuation (0.3%) since June 17. A total of 17 banks traded.

Tokyo Donors Meeting:

• The third meeting of the Donors Committee of the International Reconstruction Fund Facility for Iraq (IRFFI) will be held October 13-14, 2004. The goals of this meeting include:

  • Providing the Iraqi Interim Government with an opportunity to present directly to donor countries its vision, priorities and medium-term economic policy.
  • Urge accelerated disbursement of existing pledges from donor countries and accelerated implementation by the UN and World Bank of IRFFI projects.
  • Upgrade donor countries regarding how much the Trust Fund has already spent and what the results are on the ground.
  • Although not a pledging conference, encourage donors to announce additional assistance.

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