4-2-2014 Newshound Guru Kaperoni

4-2-2014   Newshound Guru Kaperoni    The next part is just a rehash of the conditions set forth from the 2013 Article IV Consultation which is to "liberalized the foreign exchange" (make the dollar, euro, etc. more accessible throughout Iraq) which in doing so will reduce the spread (2%) to conform per IMF guidelines.  In other words, though the CBI has done a good job, they have not done enough.  They are not in compliance until they meet these requirements.  Not to be negative, but realistically, I think we have at least a month or more before the CBI could request a transition to Article VIII.  Continue to keep an eye on the auctions (spread).   [post 2 of 2]