Getting tons of questions about the IMF.
For the IMF to actually be able to change the rate that means Iraq would have to be in trouble.
This is what people don’t understand…the IMF is talking about new loans they want to give to Iraq.
And if they are talking about giving them new loans that means they have good credit and they have a good credit rating.
That means they have a predictability of making gains to be able to pay the loan back.
That’s not bad…that’s very very good.
So the IMF is not in the position to take over management and force Iraq into a higher value.
This is how easy it is…if you have a friend and you were wondering what his credit rating is or how good his credit is…
He goes into a bank wanting a loan for a house or a car.
He comes out with the loan he’s got good credit.
He comes out with no loan he has bad credit.
It’s that simple.
