Gurus

Kaperoni

They can float anytime.  Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of the worlds banking system. This should make the dinar more acceptable worldwide. Investment laws need to be passed still.  In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value.  So the bottom line is …until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment, the dinar will stay where it is.

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