Frank26
A second set of books is a normal business action. Many companies, many firms for financial projections, for balances, for audit purposes, for changes whatever it may be, run a second set of books. The second set of books is simple business practice. It's not illegal unless you're doing it illegally under the table...This second set of books is not hidden...they [Iraq] expose it [their second second set of books] to the right people, IMF, World Bank, US Treasury...
Question "What does your gut say the rate will be in the end?" Remember I said IMO the float would probably be between $3.36 and $4.25 would be a good place to cap it.
Is Iraq a member of the WTO?
'Well, Frank you say they're a member of the WTO, they qualified for it.' But do you see any official paper that tells you they're a member of the WTO. 'No.'
Why not?
Until you see the new exchange rate. 'But you don't have to have a high exchange rate to join the WTO. Why do you say something like that?' Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.
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