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Showing results for tags 'so matter of fact'.
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September 28, 2016 Article: “Central bank: Iraq will emerge from the gray list to the white early next year” Quote: “…the highest international group to monitor the money moving internationally to remove Iraq from the gray list to the white early next year, 2017…” This is one of those articles that is so matter of fact. There can be no confusion what the CBI is saying here. No misunderstanding. Here is what the IMF said in the SBA… “The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.” We can clearly see that early 2017 the CBI plans to enter Article VIII. This will facilitate international investment, confidence and international transactions using the dinar. This also, IMO will be when the dinar begins to float. As already stated, the CBI plans to introduce a new 50, 100, and 200 at the same time so we can expect the dinar to improve significantly in 2017. B/A
