Iraq/GOI/CBI continue to build a consensus throughout the Middle East that Iraq will have a solid financial system…meaning when Iraq enters the “markets” there will be NO hesitation on the part of the financial community to do business with Iraq…UNLIKE Iran…and if anyone ever wanted it in plain English look at paragraph #19 and #20 in the Technical Letter of Agreement.
Those paragraphs scream the move to Article 8. Those paragraphs even state “Artilce 8″…the move to Article 8 is the Good House Keeping Seal of Approval to the world’s financial community.
The next challenge will be the actual exchange process and where that will take place. This will be uncharted territory.
BGG Blog
