_3-23-2012 SWFloridaGuru: Iraq is in the process of following through with the proper legislation necessary for full accession to the WTO. This is paramount to revitalizing their economy. The WTO is in place to help trade flow as freely as possible and support economic development. They help counties remove obstacles and develop policies that are compliant and transparent to the world. To become full members of the WTO article VI stipulates that a county must have a convertible currency. Implementing phase 2 of Iraq's currency reform, deleting the zeros and raising the exchange rate is the only remaining step to meet these requirements.
In addition to hosting the Summit next week Iraq has taken steps to enhance economic growth and develop their financial sector to serve the nation. Iraq is in full compliance with all chapter 7 mandates. All that is left is for the UN to release them. This has always been a joint effort and the only way to ensure the stability of the dinar and provide the necessary financial plans for it's development is by taking all the necessary steps that cannot be bypassed. We have witnessed more progress this month than ever before.
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_Attaining an inclusive system is essential for sustainable development and the only way to maintain a stable, competitive, market-based system. Together with the IMF's instruction and approval Iraq will implement phase 2 of their currency reform project. A new rate will be sent from the CBI to the BIS and from there released back to all the central banks at a time that is impossible to pinpoint by design. Ignore constant date and rate predictions, they're a dead giveaway someone doesn't understand the process.
Follow the progress Iraq is making and be confident you are involved in the investment opportunity of the century. We have a real shot at this by the Summit. Lets see how it plays out.