1-21-2014 Newshound Guru Kaperoni [What is Iraq's current status
regarding Article 8?] they are not compliant under article XIV. Article VIII is a one way street, once they accept,
they can never go back...so the IMF makes sure they are compliant prior to
acceptance. [I thought all they needed was to get the rates within
2%] that is the main one, yes. Several are still an issue, but
can be resolved quickly. The official rate/market rate spread takes time...until the CBI can demonstrate that they can
manage the dinar effectively at the 2% spread, the IMF will not let them move
to a new regime under Article VIII. And as everyone knows, Article
VIII is what we want.
