WTO Accession Committee: Iraq needs to raise the value of the dinar

12-9-2013 Kaperoni:   Article: “Accession to the WTO contributes to the growth of national income”

Vietnam is in IMF Article VIII and the Dong is internationally recognized and convertible worldwide. It’s value is weak primarily to compete with manufacturing contracts in Asia. The difference is that that the accession committee for Iraq clearly stated they needed to raise the value of the dinar, more in line with the dollar. But more importantly, as with any country, they must meet the IMF requirements before accession (Article VIII). Even without the comments from the accession committee to raise the value of the dinar, if they moved to Article VIII, the dinar is so undervalued, it would rise substancially anyway.