“Iraq has signed today a cooperation agreement with the Union of Arab Banks…”
THIS IS A SIGNED AGREEMENT IN ALL ITS FORMALITY
IRAQ IS MOVING ECONOMICALLY TO THE INTERNATIONAL MARKET —
BANKING IS MOVING AND DEVELOPING —
IMO WE ARE VERY CLOSE TO ARTICLE 8 AS A RESULT OF ALL THE ACTUAL ACTION IRAQ IS TAKING.
IN ARTICLE 8 THEY CAN MOVE FORWARD WITH MONITORING TO THE INTERNATIONAL MARKET AND TRADE ETC.
[Do you think Article 8 and a rate change will happen at the exact same time?]
I THINK IT IS A RESULT — YES.