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 G-Lin "I Believe They are Good to Go!"

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Posts : 2850
Join date : 2015-04-20

PostSubject: G-Lin "I Believe They are Good to Go!"   Tue Aug 22, 2017 6:40 pm

Article:  "The Association of Banks seeks to link local banks to the universal"   [...does this mean they have to be in article 8  before consolidation  with US banks?]   I have never felt like Iraq needed to take a full position in Art. 8 in order to rv. The only thing addressed in the Art. IV consultations is that Iraq accept Art. 8 obligations. They would be crazy to take a position because it would put many restrictions on them and they could never go back once they do. Just be compliant without the restrictions. And they may be very close to that currently.  As far as linking to International Banks, the only thing they need a little more work on is technology. They have to be compatible with advanced banking technology and they have been training them for months in that area. We have read art. after art. on how the banks are now compliant with international standards. I believe they are good to go. JMO
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