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 Butifldrm feels Iran will have to be dealt with before the Shia govt of Iraq will chose to move into article VIII.

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PostSubject: Butifldrm feels Iran will have to be dealt with before the Shia govt of Iraq will chose to move into article VIII.   Mon Jul 24, 2017 3:33 pm

Butifldrm  from DV says

If Iraq were to make the  move into article VIII under IMF guidelines, the IQD would become an internationally traded currency.  This would decrease the need for the dollar by the citizens and the oil market would be the main driver for the dollar in Iraq.  The Government banks and the Private banks would not be able to make money under the current laws. 

The banking law must be changed to allow private banks to be able to invest int the private sector and the CBI must be supported by Taxes before we see a move into article VIII. 

 IMO,  the corruption in Iraq from the government down has been the main market driver, and this is why the US is trying to decrease the trade and influence that Iran has on Iraq. 

 Iran has been taking advantage of the Iraqi Shia Government BY TRADE AND AUCTION to obtain dollars while under stringent sanctions.  There have been many article recently stating that most of the goods in Iraqi markets come from Iran.  More than likely, these goods were bought with petro dollars.

 IMO, Iran will have to be dealt with before the Shia government of Iraq will chose to move into article VIII.

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