View Full Version : remove exchange rate restrictions ....

Lady of the Lake
03-03-2010, 09:16 PM
IMF Executive Board Concludes 2009 Article IV Consultation with Iraq

Public Information Notice (PIN) No. 10/34
March 1, 2010


Directors supported the central bank’s objective of aiming monetary and exchange rate policies at keeping core inflation in single digits. They called on the authorities to remove the remaining exchange restrictions under Fund jurisdiction. Directors also encouraged the central bank to fully implement the recommendations of the previous safeguards assessment and looked forward to its update. The need to preserve central bank independence was particularly emphasized. Further steps are necessary to strengthen reserve management, banking supervision and prudential regulations, and the AML/CFT framework

03-04-2010, 02:34 AM
Just the fact that they mention "exchange rate restrictions" is very encouraging. That alone should mean a great deal in all of this.

03-04-2010, 05:59 AM
Yep, sweeeeeeet! :D

03-04-2010, 07:19 AM
they didn't include the word 'rate' in the phrase ...

03-04-2010, 08:34 AM
they didn't include the word 'rate' in the phrase ...
Right, you are! I saw that in the title and ... well, it was really late. :) Oh well, at least it's not bad news ...