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Daytrader - Reinstatement of IQD Has Been Planned for a Long Time!  1/16/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Daytrader - Reinstatement of IQD Has Been Planned for a Long Time! 1/16/19

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Post by Ssmith on Thu Jan 17, 2019 8:51 am

A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria.

All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq’s needs. IMO this has nothing to do with nor will it have any impact on what we seek.
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