Millionday: “Iraq has signed today a cooperation agreement with the Union of Arab Banks…”
THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET –
BANKING IS MOVING AND DEVELOPING — THIS IS SIGNED SEALED AND DELIVERED — FORMAL AGREEMENT.
IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.
Q: [do you think Article 8 and a rate change will happen at the exact same time?]
Millionday: I THINK IT IS A RESULT — YES.