Article: “Iraq is not yet an IMF article VII member; it still operates under the transitional regime of Article XIV for it’s exchange system. The IMF’s 2025 Article IV staff report states that “Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2.”
The same text notes that, while Iraq still uses Article XIV, it “no longer maintains any restrictions under this provision” and does not maintain current‑account exchange restrictions or multiple currency practices. Article XIV is a transitional arrangement that allows members, typically those with legacy controls, to temporarily maintain certain exchange restrictions until they are ready to fully assume Article VIII obligations and formally notify the IMF.” : Fnu Lnu
