Wednesday, June 6, 2018


Our unofficial countdown to IMF compliance as it pertains to maintaining the 2% spread is now at 9 days to go. 

As I mentioned yesterday I think we'll see the IMF conduct an Article IV Consultation with Iraq within the next 60 days preferably less. 

This would be a very good time for the IMF to do a thorough review of the reforms being conducted by the CBI as well as accept the letter for the transition to Article VIII. 

Transitioning off the dollar and using the dinar not only in country but internationally will open up the banking system for investment.  The influx of capital created could allow the dinar to rise substantially in value.

The CBI will have to prepare for that by getting off the Peg and moving to a float.

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