Wmawhite: What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD? …and are doing?
Straight from the IMF…here it is: “The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”
Now…how do we know for a FACT they are accomplishing these items?
Investment proceeds…that is foreign investment…money coming into the country and the ability to leave the country.
Q: [so they are removing the restrictions so they can have currency exchange?]
Wmawhite : If you have one you have to have the other. It is the Investment Law that they amended is providing this great change in Iraq.
Q: [SO IT COULD BE A TIMING ISSUE?]
Wmawhite : It is in keeping with what we know…IMF expectations…1st half of 2016.