jomans Posted August 6, 2013 Report Share Posted August 6, 2013 What I am drawn to is the membership status of countries that have a tradable currency vs. countries that do not. Iraq currently has a MEMBERSHIP STATUS OF ARTICLE XIV.... to have a convertible currency they need to obtain MEMBERSHIP STATUS OF ARTICLE VIII. So, here's what the discovery is:1. click on this link and it takes you to IRAQ; Financial Position in the Fund as of July 31. 2009 .......... http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberkey1=460&date1Key=2009-07-31 2. On the IMF website, see item #1. Membership Status....Iraq is under ARTICLE XIV3. click on ARTICLE XIV and read what that status means NOW COMPARE:4. On the same IMF website, go to the left side and click on 'IMF' Members Financial Data by Country'5. Insert the USA.... and see their membership status is ART VIII6. Read what ART VIII status means.....(currency convertability) So, All countries who have tradable currencies are under ART VIII while Iraq is under ART XIVUntil IRAQ is a member of ART VIII, the currency is not convertible to other countries currency. This has to happen first, before any RV by IRAQ (or at the same time). But, the good news is that I do believe that IRAQ and the IMF is working on it. 5 Link to comment Share on other sites More sharing options...
Dinar Buddy Posted August 6, 2013 Report Share Posted August 6, 2013 Excellent find... We might still be a few years away. Come on IMF 2 Link to comment Share on other sites More sharing options...
_RFJ Posted August 6, 2013 Report Share Posted August 6, 2013 Read Med much? Link to comment Share on other sites More sharing options...
gymrat76541 Posted August 6, 2013 Report Share Posted August 6, 2013 Thanks, good information. I hope it happens soon. Seems like their attempting only baby steps to be an independent nation and this would be a big boy step. Did they spend too long under protection from other nations? Are they afraid to step out into the "real" world? Link to comment Share on other sites More sharing options...
ChuckFinley Posted August 6, 2013 Report Share Posted August 6, 2013 Great recap. This was posted before, but you added the clarity needed for everyone to understand. 1 Link to comment Share on other sites More sharing options...
Alex38 Posted August 7, 2013 Report Share Posted August 7, 2013 2019. 1 Link to comment Share on other sites More sharing options...
jeepguy Posted August 7, 2013 Report Share Posted August 7, 2013 in the year 3001 ? Link to comment Share on other sites More sharing options...
OfCamelot Posted August 7, 2013 Report Share Posted August 7, 2013 (edited) I think 2015. Simply, at the rate we are piling on debt, our credit rating is going to be rotten,anticipating a 20Tr deficit by the end of 2014. The value of the Dinar automatically becomes stronger. The day thay happens due to market conditions, they wil re-value. Just MHO. Edited August 7, 2013 by OfCamelot Link to comment Share on other sites More sharing options...
jomans Posted August 7, 2013 Author Report Share Posted August 7, 2013 Read Med much? Yeah, I do.... pretty factual stuff on that site. Med is sometimes 'full of himself', but I think he's working on it. His ego must be huge LOL. Link to comment Share on other sites More sharing options...
stealthwarrior Posted August 7, 2013 Report Share Posted August 7, 2013 In the year 2525 if man is still alive if woman can survive.kinda sounds like a song i once knew. Link to comment Share on other sites More sharing options...
umbertino Posted August 7, 2013 Report Share Posted August 7, 2013 2019. Maybe. The only certainty is there's no certainty. Ever. Link to comment Share on other sites More sharing options...
Carvette Posted August 7, 2013 Report Share Posted August 7, 2013 pretty soon, my friends---positive! Link to comment Share on other sites More sharing options...
FreckledFuzz Posted August 7, 2013 Report Share Posted August 7, 2013 I'd be interested to know what article other countries were that removed the 0's from their currency ( redenominated ) as a comparison. Something tells me none of them were under Article 14. Link to comment Share on other sites More sharing options...
RicknSaudi Posted August 7, 2013 Report Share Posted August 7, 2013 In the year 2525 if man is still alive if woman can survive.kinda sounds like a song i once knew. Yea...Where is Umberto when you need him??? 1 Link to comment Share on other sites More sharing options...
EMPHATIK Posted August 13, 2013 Report Share Posted August 13, 2013 Im keep on going and cheering on a positive note! I think it will...I think it will... I think it will... Just like the little train that could!!! Go Super RV! ! ! 1 Link to comment Share on other sites More sharing options...
hambones Posted August 13, 2013 Report Share Posted August 13, 2013 Thanks! That was a great find ! Very logical , thoughtful and informative. Link to comment Share on other sites More sharing options...
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