Militia Man
World Bank Article: "Iraq has made progress in improving their business environment making it globally competitive"
The World Bank is telling you, the world, Iraq is globally competitive so they're going to have to be Article VIII, Article XIV compliant with the IMF's concerns when it comes to their exchange rate. Is this a precursor to a move? It sounds like it.
Everybody should be going, 'come on Iraq! Come on World Bank! Come on Bank of International Settlements, IMF, US Treasury, US Federal Reserve!'
All those players have been involved and they still are...They are not going to have a 1310 exchange rate. They're going to move to a Real Effective Exchange Rate based on fundamentals based off their non-oil products, non-oil revenues that will exceed in may cases oil output.
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