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 Guru sandyf says Article 8 is a must -- could be awhile... still waiting.

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PostSubject: Guru sandyf says Article 8 is a must -- could be awhile... still waiting.    Mon Feb 26, 2018 8:07 pm

   Intel/Newshound Guru sandyf   


  My opinion...article 8 is an absolute must...and they aint there yet...then when they are eligible...IMF can take up to 60 days for a yea or nay vote... so we got a while ...Art 8 is a major bullet point. 


But it should be remembered the onus is on Iraq, it is up to them to accept the obligations of Art 8, they could remove the IMF issues at any point with the stroke of a pen. 


It is not about the parallel market rate, it is about the settlement of international invoices at a rate that deviates from the official rate. 


Vietnam had exactly the same problem and they made it illegal for companies not to settle the transaction at the official rate. 


If companies made loss/profit on buying the dollars they must show it separately in the accounts. Personally I think that Iraq is holding on to Art 14 for a reason, hopefully as part of some other agenda.


2-25-2018

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Guru sandyf says Article 8 is a must -- could be awhile... still waiting.
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