One indicator that needs to be closely watched is Iran’s inflation rate, because it could imply the possibility of Iraq entering into the international world prior to Iran.
Going back and actually listening to Shabibi’s plan for Iraq’s monetary reform, lowering inflation is absolutely a requirement prior to deleting the three zeroes.
Looking solely at inflation rates, Iraq is ready to delete the three zeroes now…IMO…Iraq’s targeted RV timeframe was/is April 2016, based on historical RV preference by the IMF, and the world’s powers including the US military, IMF, and World Bank stepping last Fall and fully committing to Iraq.
This full scale commitment to return to Iraq includes the plan to RV…
IMO, Jack Lew knew the date and rate of Iraq’s RV when he co-signed the IMF’s loans and bond deal with Iraq last week.
He will release the rate.
