Bobby

  In Bobby 

As far as adding value to the IQD? …I’m seeing a lot of talk about this very important subject that is dear to all of us…If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think “just add value and everything will be ok” That thought will get you nowhere…

If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD… PERIOD.  Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends.

Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency’s value between country’s…Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that?

Because they have NO economy aside from oil. We saw…an article …that gave us numbers still in the upper 80’s as far as oil dependent revenue. Once those numbers get to a much better ratio of let’s say 60/40, we may have a chance…

​​I throw those numbers out there because I have read the IMF SBA’s, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq’s economy. It really is that simple. My suggestion …let Iraq form it’s GOI, hopefully an inclusive one, and then we watch what direction they will go.

The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope.  We have 1 somewhat stable stability and that’s the CBI, which still has some work to do towards financial inclusion.  If Iraq gets it’s act together politically and starts supporting in full The National Development Plan, that’s when you should start getting excited.