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 Kaperoni Back-peddles On The IMF 2% Compliance - Who Knew! LOL

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RamblerNash
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PostSubject: Kaperoni Back-peddles On The IMF 2% Compliance - Who Knew! LOL   Thu May 03, 2018 11:30 pm

Michael Kaperoni‏ 

@kaperoni

Based on our calculations there are still 42 days that Iraq needs to meet the 2% compliance under the IMF guidelines before they can even consider moving to Article VIII.

Michael Kaperoni‏ 

@kaperoni

As I explained on the last conference call the CBI may be waiting for many things including not only the 2% compliance, the elections to conclude and a government formed, laws to be passed through Parliament and any other number of contracts for investment.

Michael Kaperoni‏ 
@kaperoni


In other words, this could still be months away before we see the CBI write the letter to the IMF.

Michael Kaperoni‏ 
@kaperoni

And what I am describing is only the transition to IMF Article VIII, Iraq still needs to choose a new exchange rate regime which is a float and it could take months or even years before the dinar appreciates to a value that we all wish for.

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Kaperoni Back-peddles On The IMF 2% Compliance - Who Knew! LOL
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