Iraq is out of imf article/chapter 7 restrictions
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Thread: Iraq is out of imf article/chapter 7 restrictions


    
  1. #1

    Iraq is out of imf article/chapter 7 restrictions

    Iraqi Prime Minister Abadi announced the below on the Iraqi Govt Twitter:

    THE OIL-FOR-FOOD FILE HAS BEEN RESOLVED COMPLETELY

    https://twitter.com/IraqiGovt/status...544192/video/1



  2. #2

    Re: Iraq is out of imf article/chapter 7 restrictions

    BGG ~ Apples and watermelons. Ch 7 designation and the Oil-for-Food are different files entirely.

    The last remaining Oil-for-Food money was reportedly turned over to Iraqi control. However, to imply this means the lifting of all Ch 7 "sanctions" is not an accurate analysis.

    There really aren't much in the way of Ch 7 sanctions left in force anyway. Further, I highly doubt the UN completely removes the Ch 7 designation anytime soon.

    I suspect they want the latitude to go in and help settle things down again - if needed. As they did with ISIS.

    None of this is directly detrimental to a value change in the currency...

    If it were - How would it have been possible for the CoM and CBI to have been planning a value change back in 2012?? It is clear for the SIGR report they were - right??

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