It appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on…
It appears to me…the GOI is responding to the IMF, WB and UN – though they aren’t entirely happy about it…
However, if they want “international acceptance”, they have little choice.
They must respond…Iraq has been under some version of an “IMPOSED RATE” since when? [2003.]
It’s not even an accurate value – “Grossly undervalued” is the term used by learned economists…
SO – it stands to reason they are going to have to appease those who “IMPOSED” this rate to start with…
And THAT, my friends, is what we are seeing play out before our very eyes…
Those same actors that “imposed” can “unimpose” – it appears they have made this point very clear.
Iraq is about IRAQ. Nothing else – AND it is the hottest topic in world finance right now. Period.
With VERY GOOD REASON.
Abadi’s PM “brand” is HUGE right now…he’s moving Iraq forward mightily…they are moving with great speed.
I think the future looks very bright for Iraq.
BGG Blog
