Kaperoni feels the CBI will make the move soon

by **Ponee** Wed Jun 04, 2014 9:33 am

6-4-2014 Newshound Guru Kaperoni Article: "Central Bank and the Bank of the economy discuss the procedures and mechanisms that will be adopted to improve the performance of the bank" at least 5 times in the 2013 Article IV Consultation the IMF stated that the CBI should look towards accepting Article VIII. That was well over 15 months now. As well, the TIFA agreement signed in March 2013 stated "freedom of movement of capital" by the end of the year (meaning 2013), so this is not a long ways off IMO. The CBI will make the move soon. As for a timeframe of compliance, we can only hope it is short (few weeks), but I have seen somewhere in a report on the IMF website a statement referring 90 days. That was not directed specifically at Iraq but was talking about maintaining stability of the exchange rate. So IMO, Its 90 days or less once in compliance (if they maintain it). this article...is very compelling to support this theory.