There are numerous issues at play… the move into the international markets is totally separate from the reforms being pushed by Abadi.
The price of oil is secondary to the move into Article 8. Once Iraq can order that rice from Thailand and pay for it with an account with IQD in it then there will be no need for the auctions.
When that happens…and we believe the IMF gave us a time frame then it is best for Iraq to conduct business at a value that will not kill them financially…their true value.
BGG Blog
