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Kaperoni thinks The IMF was ready to grant Article VIII to Shabibi back in October 2012?
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Kaperoni thinks The IMF was ready to grant Article VIII to Shabibi back in October 2012?
Kaperoni
The IMF was ready to grant Article VIII to Shabibi back in October 2012 and since he worked in a very independent and isolated manor he would have done what he felt was right for his currency.
That being said, would it have succeeded? Would investors come to Iraq?
Would have the GOI passed the laws to continue to create the environment that would invite investment? Probably not...
It is very apparent that Shabibi was going forward... otherwise, there would have been no reason to take such abrupt action as to create false accusations and warrants to stop the process.
Just think, if Shabibi could have moved to Article VIII back in Oct 2012, they had about 80 billion reserves at the time.
Now some 3 years, 3 months later, the reserves are depleting below 59 billion and expected to go lower.
Ponee- Admin
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Re: Kaperoni thinks The IMF was ready to grant Article VIII to Shabibi back in October 2012?
Jesh here you go with this grant Article VIII crap again ... will you please read the damn thing?
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