It is my understanding…while under article XIV the dinar is not “internationally tradable” as we would normally use the term.
It is true that one can buy physical dinars, but the dinar is not “traded” on any exchanges as we normally think of that term.
Second, being under article XIV…also offers Iraq legal protection against lawsuits.
It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world.
The big players won’t take the risk if they don’t have some recourse legally.
Therefore…practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
