("Article IV and Article VIII of The Article of Agreements should now be completed or soon will be.”... Is there some ink on the timing of the foregoing?) As you are thinking ... I believe this is so huge ... this enables U.S. banks to do business with the CBI If They Choose To. One particular researcher that I respect believes that the CBI has met the requirements of Article 8 and we are now waiting on the CBI and IMF to release the new rate.
(Is that the 2% variance in official / market rate?) This researcher told me that the 2% variance does not apply UNTIL the IQD has an exchange rate. Currently the IQD is only bought and sold...it is not exchanged on the world market...(forex).