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Questions for Adam's Update 6/20/2018


TexasGranny
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Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Articale 8....  Since Iraq finally was able to maintain that compliance for  90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?  
 
And is it true that, by Iraq being Article 8 compliant, Iraq's currency will become "interntionally recognized, covertible and tradable worldwide"?  If yes, doesn't that imply that once Iraq moves to Article 8, they will have to get off the artificial peg - either by 
1) floating up from where they are now
2) bumping the rate up (a little or a lot) and then floating up from there (what you expect to happen I believe)
3) immediately adjusting it to the actual market rate today (whatever they decide that is)?
 
Thanks Adam!
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