"RV UPDATE" BY PIMPY, 20 MARCH

  Pimpy

  Vietnam became the 150th member of the World Trade Organization back in 2007...with the same icky exchange rate.  Not only that but...Vietnam is currently trading on the Forex...In addition to that Vietnam is on the Swift System...When you try to look up Iraq there is no Iraq because they're not on the Swift System.  So you have Vietnam with a way

worse exchange rate than Iraq part of the World Trade Organization...on Swift and they're trading on the Forex...If Vietnam is there with their current exchange rate then there's no doubt...Iraq...can be on these programs as well [at their current exchange rate].

 Everyone is excited that Iraq has completed all the requirements to join the World Trade Organization but the bigger question is what's next for Iraq?  

...There's this impression going on around the Iraqi dinar community that this is going to happen next week or next month.  Is this true or could the process take longer? 

 ...What's remaining for Iraq?  

 Approval by the general council...which is composed of all WTO members. ...As of now they don't appear to be on the calendar to be voted in...We got between now and June to see if indeed Iraq is added to the calendar...unless for some reason the WTO holds a special session...