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Guru Kaperoni says Iraq could accept Article VIII and begin it’s transition to engage with the world financial system. That is the step we want to see occur.
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Guru Kaperoni says Iraq could accept Article VIII and begin it’s transition to engage with the world financial system. That is the step we want to see occur.
Newshound Guru Kaperoni
...We need to see the spread (the official rate to the market rate) go down within 2%. When it’s within 2% then they are within compliance.
Then it puts them into a position to accept the conditions of article VIII and launch their currency internationally.
And more importantly exit the peg that they are on and go to some kind of float. Which would let the world set the exchange rate based on supply and demand…
They need to be in compliance for 90 days…They might get an exception from that simply because Iraq is in dire consequences.
The recent war. You have a lot of unemployed people…There is a certain amount of expedience needed in Iraq so therefor they may give them an exception.
Maybe not and the IMF is going to hold them to a full 90 days of compliance.
If they get in compliance in the next week it creates a window in March and the end of May which would be the 90 days where Iraq could accept Article VIII and begin it’s transition to engage with the world financial system. That is the step we want to see occur.
2-26-2018
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