"Corporate restructuring and privatization of investigating economic advancement"
1st is compliance with the IMF and...90 days of holding the rate within 2%. The CBI may want some banking laws reformed first, or the GOI/CoM may want some of the economic laws in place. Both are valid arguments because opening the currency to the world (Article VIII) does nothing for the economy on it's own...it only creates a monetary condition for investment.
I will add this, we want parliament to do its work first.
because we want investment to flow into Iraq which will have a significant impact on the dinar's value.
So we should all be hoping parliament gets back to work and passes the laws as soon as possible.
some things are starting to line up...might not be a time frame we want to hear, but early 2015 looks like a goal for Iraq.
lets start with the IMF and CBI:
the CBI has kept the dinar fairly stable for a while now.
the market rate was 1209 or less for a month and 1202 or less for the last 2 weeks.
the IMF says, a country must maintain stability within 2% fo 90 days which puts us at late January.
we have the articles from October that say early or directly into 2015 raise the value and today some television news that a member of the finance committee went on television and said something to the extent that directly in the new year the dinar will begin to rise...so we can see that their appears to be a goal or some direction to that time frame.
that being said, i think many factors come into play.
we all know that many things are going on at the same time.
so with the new Abadi gov working on a new relationship with the Kurds and parliament preparing laws to be passed things are looking much better than ever before and IMO, the recent downward pressure on oil has now forced Iraq to get in compliance and start doing what they say.
[I was really hoping for an RV for Christmas this year.]
good luck with the rv thing...its more of a gradual appreciation...but no body wants to listen to me.
[You don't think it'll happen before the end of the year? IYO]
[Hasn't CBI been setting rate on Dinar for years now?]
they are in Article XIV, which for all practical purposes is developmental...the CBI has to learn how to use its monetary tools and they needed to be in compliance with the IMF.
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