RV is in the IMF's hands? (from DV)

by **ADMIN** Wed Nov 02, 2011 7:46 am

Emailed to me, Thank you!

J. Areas in Which the IMF Leads and There is No Direct World Bank Involvement

20. The IMF leads the dialogue on monetary and credit policies, exchange rate
management, tax policy and administration, and balance of payments issues.

(link page 61)

http://www.imf.org/e...2011/cr1175.pdf

so we now know the World bank has no say in exchange rate....its blatently says the IMF LEADS

so ultimatelty its up to the IMF to push the button, don't listen to the GURU's...listen to the IMF

also, i found this:

Iraq continues to avail itself of the transitional arrangements under Article XIV. Iraq has a
generally unrestricted current account regime and a significantly liberalized capital account.
However, four measures (plus one exchange restriction maintained for national or
international security) have been identified to give rise to exchange restrictions subject to
IMF approval, namely, (i) the requirement to pay all obligations and debts to the government
before proceeds of investments of investors, and salaries and other compensation of non-Iraqi
employees may be transferred out of Iraq, (ii) the requirement to submit a tax certificate and
a letter of non-objection stating that the companies do not owe any taxes to the government
before non-Iraqi companies may transfer proceeds of current international transactions out of
the country(iraqs country oil company), (iii) the requirement that before non-Iraqis may transfer proceeds in excess
of ID 15 million out of Iraq, the banks are required to give due consideration of legal
obligations of these persons with respect to official entities, which must be settled before
allowing any transfer, and (iv) an Iraqi balance owed to Jordan under an inoperative bilateral
payments agreement. In addition, one exchange restriction maintained for security reasons
should be notified to the IMF under the framework of Decision 144-(52/51)*.

(link page 54)
http://www.imf.org/e...2011/cr1175.pdf

*http://www.imf.org/external/pubs/ft/sd/index.asp?decision=144-(52/51)

So there are four things that need to be done....this is what the hold up is...nothing else, not HCL, not Erbil, Not ministers...IMF has the SAY SO...and they SAID what needs to be done...read it for yourself...click the links.....do da DD Dude like AquaDude do!

Read more: http://dinarvets.com/forums/index.php?/topic/89960-world-bank-does-not-control-exchange-rate/#ixzz1cXwnbKwF