IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era. IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.

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