Iraq’s had restrictions on her currency and currency transfers. She hasn’t been on the Forex in an international capacity. Why? Because…it has to do with the IMF…obligations…compliance and it has to do with currency transfers across the world for trade…The central bank is talking like she’s going international…That sounds like having the ability to move her money, which is the dinar, across borders and to do trade. It looks like Iraq has the ability to fully access the IMF’s compliance with Article VIII and Article IV of IMF’s requirements…which promote free convertibility of member currencies…It looks to me Iraq has gone as far as she possibly can in making an announcement…
