Kaperoni

  In Kaperoni

I had high hopes that this year significant progress was going to be made in Iraq regarding their economy and investment in the private sector.  But in the last several weeks a lot has happened to set back the economy everything from the prime minister to low oil prices…to the Coronavirus.  Until Iraq can get a new prime minister, a cabinet, parliament gets back to passing laws and the Coronavirus is resolved. I don’t see the private sector opening up and investors coming to Iraq. And in 2013 the IMF was very clear on the direction for the dinar. They will create a diverse market economy/private sector and simultaneously float the Iraqi dinar to create an opportunity for the dinar to appreciate as a result of the success of the economy. Though this will give an opportunity for the dinar to go up in value, and also allow us as investors to possibly profit from that appreciation, it will never happen overnight.