This is all exciting indeed …
It will be exciting to see what that next move is going to be before the end of this month…
Looking back at the IMF contract and all the things they are telling them to do…to be Article 8 compliant…
They have a couple of hard fast things they must do by the end of February…
Not just with the Investment Law … but lifting restrictions on the exchange rate.
So basically they need a true rate.
What else is left to do…Allak threw this party yesterday…why…to show his hand…to prove to people he can do the job…he’s going to look like the hero now…
I’ve read this contract maybe 10 times and maybe I’m reading it wrong…but indirectly the IMF is telling Iraq you have to show me a new rate by the end of February…
Now the I-TEAM is saying a similar thing…
watch for something to come from the CBI on the Arabic side…
IMO…if they are following the IMF game plan then we should see a rate by the end of this month.
