12-11-2013 Newshound Guru Kaperoni
12-11-2013 Newshound Guru Kaperoni Article: "Accession
to the WTO contributes to the growth of national income" Vietnam is in IMF Article VIII and the Dong is internationally recognized and
convertible worldwide. It's value is
weak primarily to compete with manufacturing contracts in Asia. The difference is that that the accession committee for Iraq clearly
stated they needed to raise the value of the dinar, more in line with the
dollar. But more importantly, as with any
country, they must meet the IMF requirements before accession
(Article VIII). Even without the comments from the
accession committee to raise the value of the dinar, if
they moved to Article VIII, the dinar is so undervalued, it would rise
substantially anyway.