firefly says they need to get the open market economy up and running

by **Ponee** Fri Apr 01, 2016 1:20 pm

firefly

The CBI and the GOI are 2 separate entities...Every Central bank is its own entity. According to Iraq's constitution the Governor of the CBI has to be voted in. He/She can't simply be appointed the position...as Maliki was doing for 4 years. I don't believe all the positions are needed to fix for the reform. Remember, the only conditions the IMF gave them on Dec 22, 2015 was to get the AML and Investment Laws completed and activated. Both DONE!

"Abadi adviser waving to lift subsidies on gasoline ration card and to ensure the IMF loans"

This will be a very unpopular move for Abadi to make right now, the folks need those ration cards and fuel subsidies, I wouldn't be surprised to see Sadr reject this.

It looks like they're trying to lower expenses and dismantle the socialist structure of Iraq but they need to get the open market economy up and running before they do it, IMO.

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IMO the IMF will not be the agency announcing the change.

IMO there won't be any direct announcement at all.

Look for keywords not announcements.