Kaperoni

  In Kaperoni

They [Iraq] have to meet Article VIII compliance and they request the IMF accept them into Article VIII and more importantly, the IMF has to accept them. They have met some conditions yes…last I read, still one condition was outstanding but in any event, it does not mean they will move to Article VIII once in compliance because the IMF needs to agree. And I do not see that happening until Iraq gets back on track:  new gov, cabinet, pass laws, stable, investors…lots to do. They need to create the conditions and right now, they are far from the right conditions.  Until they get there act together and launch the private sector, there is no increase in the dinar…which could be months or years…up to them…I am hopeful though.