Militia Man

  In MilitiaMan

Article:  “The International Monetary Fund welcomes Iraq’s accession to a program that supports economic reforms”  Quote:  “Thursday…the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms”  After decades of involvement…the specificity of many things are likely to be known by the IMF,
exchange rate regimes be sure. For Iraq to be moving forward with all reforms …in that there is no financing needed should  be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn’t.