Friday, May 4, 2018


Based on our calculations there are still 42 days that Iraq needs to meet the 2% compliance under the IMF guidelines before they can even consider moving to Article VIII.  …the CBI may be waiting for many things including not only the 2% compliance, the elections to conclude and a government formed, laws to be passed through Parliament and any other number of contracts for investment. In other words, this could still be months away before we see the CBI write the letter to the IMF.  And what I am describing is only the transition to IMF Article VIII, Iraq still needs to choose a new exchange rate regime which is a float and it could take months or even years before the dinar appreciates to a value that we all wish for.

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