Kaperoni – Dinar Guru …UN chapter 7 is different than IMF Article VIII. Iraq is in IMF Article XIV and from there they will move to VIII.
BGG ~ Common Dinar community misunderstanding/misstatement…
IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era… IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.
