KAPERONI saying --Article VIII would include the new exchange regime (float) so that is how we see the dinar rise in value.

11-22-2013 Newshound Guru Kaperoni we have two clear signs the CBI is trying to conform to the IMF requirements...by issuing the Dec 1st new Auction pricing and the issuance of bonds for monetary policy. Though maybe not what you want to see, meeting the IMF requirements must happen before Iraq can exit Article XIV and move to Article VIII. Article VIII would include the new exchange regime (float) so that is how we see the dinar rise in value.

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besides this the wto is having there meeting  in the beginning  of dec and will see if we qualify  or what is needed. in either case we basicaly  need to follow the guide lines of both

I generally like a lot of what Kap says, but I have to disagree with this. Article XIV has to do with "Transitional Arrangements," which is essentially a temporary restriction in following the Article VIII (General Obligations of Members) regulations. I do not see that has having any sort of effect on any potential RV.  Iraq is already a voting member of the IMF, and have been for some time. 

They are however, observer members of the WTO. They have been in observer status since 2004. They are negotiating the process, working on meeting the requirements as set forth by the working committee. Most of what transpires is confidential, but they are at least 3/4 of the way through the process. Basically what is left is outlined here:

Approval of the “accession package”

Once both the Working Party's Draft Report and Protocol of Accession and the market access commitments in goods and services are completed to the satisfaction of members of the Working Party, the “accession package” is adopted at a final formal meeting of the Working Party.

The documents are then presented to the General Council or the Ministerial Conference for adoption. Once approved by the General Council or the Ministerial Conference, the accessions package is redistributed as a non-restricted document.

Two final documents will be issued:

1. The Decision of the General Council
2. The Protocol of Accession of the new entrant a Protocol of Accession annexed to the Report which states that the country accedes to the WTO Agreement, defines the Schedules and outlines final provisions for timing of acceptance of the Protocol and full membership of the WTO.

Becoming a full member

Once approved by the General Council of Ministerial Conference, the applicant is then free to sign the Protocol of Accession stating that it accepts the approved “accessions package” subject to ratification in its national parliament. Normally three months is given from signature of the Protocol of Accession for this to take place.

Thirty days after the applicant government notifies the WTO Secretariat that it has completed its ratification procedures, the applicant government becomes a full Member of the WTO.
http://www.wto.org/english/thewto_e/acc_e/acces_e.htm