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Sunday, January 13, 2019

KAPERONI TIDBIT, 13 JAN

Kaperoni :  So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq?  Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. 

 [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.]  

Kaperoni:  Wrong.  Iraq under it's programs meets annually.  Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...

Kaperoni :  The dinar you own will never go back to Iraq.  It will become part of the global traded currencies.

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