Mountain Goat

Mountain Goat – Dinar Guru  Article:  “KHAS…AL-RAFIDAIN BANK (LARGEST IRAQI BANK) LEAVES ARTICLE SEVENTH”   many gurus are confused over this article. We are really taking about Chapter 7 not article 7. Currently the CBI is operating under article 14 and needs to move to and thus operate under article 8 of  the IMF charter. Article 8 in “normalcy” for monetary policy. This is where most countries now reside in dealing with the IMF in monetary policy. Many suggest that Iraq is already in article 8 and that may be the case too but we have no definite evidence of this as they have not yet told us. Let’s just wait and see what happens once they get the 2021-2022 budget passed.

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