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IMF To Iraq...RV By Nov.


Luigi1
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9-15-2016   Intel Guru Delta  

I have some information about the IMF meeting with Iraq...it looks like we might have a window for the date of the currency reform or basically the revaluation of the dinar...I just read it in Arabic...there seems to be a window that the IMF has given Iraq...they told them you have to finish the Monetary Reform of your currency...the internet is not seeing this in Arabic...it says in Arabic they told them to finish the Monetary Reform...and the Economic Reforms before November...


9-15-2016   Intel Guru Frank26

The information that is on the CBI website in Arabic makes it very clear...[Guru] DELTA translated it for us...and it said very clearly...at this meeting the IMF told Iraq...look you’ve done these things...but you have not done two things...if you want your loans...and that is what...articles are backing it up again...if you want your loans so you can complete your Economic Reforms...do the Monetary Reform...if not...IMO we will come in and we will do everything.


 

Edited by Luigi1
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Gee, why would they have something different in the Arabic letter than what's in the English version on the IMF website?

I don't know - maybe cuz Delta and Frank are liars ... :wacko::blink: ... must be taking classes from Hillarious

 

From IMF.org site ...

Statement at the End of an IMF Mission on Iraq

September 12, 2016

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from August 28–September 10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. (See Press Release No. 16/321).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“The Iraqi authorities and IMF staff started discussions on the first review of the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 7–9, 2016 in Washington, DC.

“During the mission, the team met with the Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, electricity, the CBI, and representatives from the Kurdistan Regional Government, Board of Supreme Audit, and pension commission. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Wafa Amr

Phone: +1 202 623-7100Email: MEDIA@IMF.org

 

 

Nothing in there that gives Iraq a deadline of any kind - but it does say we'll meet again in October ...

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