Question for AJ the scholar, or any other scholar who knows the answer.

I have been reading a lot lately and one thing kind of popped out at me recently. There was an article out of Iraq yesterday talking about them wanting to move from article 14 at the IMF to article 8 and then a lot of people jumped on that and started saying that was the key and that we would see the RV very soon now. Well in my reading it seems to me that Iraq can't get out of article 14 as long as they are under the UN chapter 7 sanctions. If they can't get out of 14 and move to 8 until they are out of chapter 7 does that mean that they can't RV until June when the UN has projected lifting chapter 7?

Another thing that kind of struck me today was reading an article that the king of Saudi Arabia wants to hijack the Arab Summit to his country. It looks like he is trying to keep Iraq down because he is afraid of their potential. Do you think there is a chance he could do that? I only ask because if my first question is wrong and they do RV before the summit that means we could be looking for this by sometime in March but if Saudi Arabia hijacks the sumit then does that leave Iraq without motivation to RV sooner? Thanks for any input.

Good questions actually.

As seems to be usual for that reason, you guess is as good as mine.... :pirat:

On that note, this was just posted on Dinar Recaps.

Kaperoni posted in 3S's forum by MRP Thur afternoon 02/16/2012



_Frank & Kaperoni both state that Article VIII is a major key to the release of the RV. Both believe that we are within a 30 day window before we see the rate released. Per Frank on his 2/15/12 CC Iraq accepted the demands/responsibilities of Article VIII via an LOI to the IMF on 2/15/12. Iraq has 30 days from the date of their LOI to raise the value of their currency.

Kaperoni's comments on Article 8 are below:

kaperoni: “Deputy Central Bank of Iraq that "Iraq frees the current account of the balance of payments and this commitment to International Monetary Fund agreement in article VIII, but at the same time edit account does not mean market but there are controls injected called market discipline being applied".

kaperoni: This is huge! This appears to me the CBI is in the process of changing from IMF Article 14 to Article 8. Article 8 is key to them releasing the dinar and making it internationally recognized and tradeable.
,,
Read More Link on Right


_ kaperoni: They are stating here they are conforming to these requirements. Now supplying balance of payment (BOP) to the IMF. It appears the quote also is saying we are doing this under controls or market discipline, which is the “Basel Compliance” or regulations.

kaperoni: Now if you go to the IMF website…click on Country Info, then choose Iraq, then find on the left where it says “Iraq’s position in the fund” and click it. It will take you to the financial position in the Fund as of January 31, 2012 for Iraq.

kaperoni: On the right side it says Iraq is still in Article 14 represented by…Article XIV. If you click on this, you will find that the link no longer works. It says “page not found.” Is this a coincidence?

kaperoni: It appears to me that Iraq is about to officially accept Article 8.

sandwedge wrote:On that note, this was just posted on Dinar Recaps.

Kaperoni posted in 3S's forum by MRP Thur afternoon 02/16/2012



_Frank & Kaperoni both state that Article VIII is a major key to the release of the RV. Both believe that we are within a 30 day window before we see the rate released. Per Frank on his 2/15/12 CC Iraq accepted the demands/responsibilities of Article VIII via an LOI to the IMF on 2/15/12. Iraq has 30 days from the date of their LOI to raise the value of their currency.

Kaperoni's comments on Article 8 are below:

kaperoni: “Deputy Central Bank of Iraq that "Iraq frees the current account of the balance of payments and this commitment to International Monetary Fund agreement in article VIII, but at the same time edit account does not mean market but there are controls injected called market discipline being applied".

kaperoni: This is huge! This appears to me the CBI is in the process of changing from IMF Article 14 to Article 8. Article 8 is key to them releasing the dinar and making it internationally recognized and tradeable.
,,
Read More Link on Right


_ kaperoni: They are stating here they are conforming to these requirements. Now supplying balance of payment (BOP) to the IMF. It appears the quote also is saying we are doing this under controls or market discipline, which is the “Basel Compliance” or regulations.

kaperoni: Now if you go to the IMF website…click on Country Info, then choose Iraq, then find on the left where it says “Iraq’s position in the fund” and click it. It will take you to the financial position in the Fund as of January 31, 2012 for Iraq.

kaperoni: On the right side it says Iraq is still in Article 14 represented by…Article XIV. If you click on this, you will find that the link no longer works. It says “page not found.” Is this a coincidence?

kaperoni: It appears to me that Iraq is about to officially accept Article 8.

All looks and sounds good to me