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Post by Ssmith on Sat Sep 08, 2018 9:16 am

[Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?…Will the CBI be able to act alone and start the Reform without the IMF’s Approval?]

In a perfect scenario, the IMF gives the green light, CBI implements the “approved” changes, RV.   Let’s be real, though… if the CBI wants to go ahead with it, then they will, and what is the IMF going to do – tell them “no, you can’t pay X for your Dinar”?? I don’t think so…And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?!  It would be absolute chaos!

With that said, I completely reject the idea that the IMF “must” do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency.  They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion.

There are other items that needed to be handled in order to make it easier, but even now – without HCL in place – they could still do it today.   It’s my opinion that it is not likely to happen before the HCL is in place, but they COULD.

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