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Kaperoni: "An official announcement may come in the next day or so. "
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Kaperoni: "An official announcement may come in the next day or so. "
Kaperoni
I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner.
I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement.
If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait.
Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
08.21.2018
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"Iraq’s Federal Supreme Court has now ratified the election results"
So with the ratified election results political parties are meeting to form the largest bloc.
An official announcement may come in the next day or so.
8-19-2018
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Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed.
8/17/18
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