Paulette

Paulette – Dinar Guru  I have watched the Market Rate for almost 15 years.  IMF Article 8 compliance requires no Multi Currency Practice.  A Market Rate of greater than 2% constitutes a Multi Currency Practice according to IMF Article 8.  Bottom Line, Iraq cannot be compliant with Article 8 requirements if the Market Rate exceeds 2% of the Official Rate.  The new verbiage of “Parallel Rate” has made this seem as a new issue …Saleh has now stated this twice recently.  The real question is how long must they maintain the 2%…90 days.  I never saw this printed in Article 8….  Considering all we are being told, I don’t accept the 90 day theory.

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